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levity's profile
Lawrus
Lawrus
Lawrus
@levity

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Lawrus

@levity

wondering about everything • coding & cat-herding at @makerdao • existence precedes essence—or does it? ☯

Santa Cruz
Joined March 2007

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    1. Vinay Gupta‏ @leashless 24 Dec 2018
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      Replying to @vakeraj @holon_earth

      Ah. Ok, so you haven't understood at all. Read up on Google spanner and the atomic clocks. That's the problem blockchain solves, in a very different way - without requiring a Google, in fact with parties that hate each other. CAP theorem too, please. Do the reading, please.

      2 replies 0 retweets 1 like
    2. Vake‏ @vakeraj 24 Dec 2018
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      Replying to @leashless @holon_earth

      You're lying through obfuscation, like you always do. This is very simple. Bitcoin works because BTC has no relation to a real-world asset, and thus cannot be regulated. You want to use blockchain because it lets you ICO a useless token and make easy money.

      2 replies 0 retweets 5 likes
    3. Vinay Gupta‏ @leashless 24 Dec 2018
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      Replying to @vakeraj @holon_earth

      "cannot be regulated" you mean like how the internet can't be regulated? Bitcoin is a subset of the internet. It's only instantiated in physical things, which are subject to regulation. Think harder.

      1 reply 0 retweets 1 like
    4. Vake‏ @vakeraj 24 Dec 2018
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      Replying to @leashless @holon_earth

      Do you believe if the US government wanted the Bitcoin network to adopt undesirable changes to the consensus protocol, they could achieve that? I don't. On the other hand, that would be trivial for Ethereum.

      1 reply 0 retweets 3 likes
    5. Vinay Gupta‏ @leashless 24 Dec 2018
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      Replying to @vakeraj @holon_earth

      You picked the wrong government. The Chinese government could easily control the vast majority of the bitcoin hashing power any day it wanted - mining cannot be hidden - and from there make protocol changes. It's all way more fragile than people think.

      3 replies 0 retweets 1 like
    6. Vake‏ @vakeraj 24 Dec 2018
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      Replying to @leashless @holon_earth

      You know full well that's a lie Vinay. 51% attacks cannot change the protocol.

      1 reply 0 retweets 14 likes
    7. Vinay Gupta‏ @leashless 24 Dec 2018
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      Replying to @vakeraj @holon_earth

      51% of the miners adopt a new protocol. The 49% are now on the weaker fork, and their transactions are written on water. There's no way around this. Hash power is political power, and the machines are in China.

      2 replies 0 retweets 3 likes
    8. Vake‏ @vakeraj 24 Dec 2018
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      Replying to @leashless @holon_earth

      That's a lie by omission and you know it. Even if Bitcoin couldn't perform a POW change, invalidating all that hardware, there is a limited efficacy of that attack vector. They cannot steal coins, and they 100% cannot change the protocol as you claim.

      1 reply 0 retweets 6 likes
    9. Vinay Gupta‏ @leashless 24 Dec 2018
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      Replying to @vakeraj @holon_earth

      Hash power is political power. If 51% of the miners upgrade to a new version of the protocol, *the network upgrades*. That's how it works. Hash power is political power. Didn't you understand this? How did you think this worked?

      16 replies 0 retweets 0 likes
    10. Jason Jawn‏ @jayzio 25 Dec 2018
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      Replying to @leashless @vakeraj @holon_earth

      51% is relevant only for transaction ordering. Any miner can submit a block with different protocol rules. Any node can accept or reject them. It's a fork. Now there are two chains of blocks with two different histories.

      2 replies 0 retweets 1 like
      Lawrus‏ @levity 26 Dec 2018
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      Replying to @jayzio @leashless and

      Seems like @leashless is missing the distinction b/w miners & full nodes? Maybe this question would help (and I also want to know, myself): so 74% of hashpower is in China—what percentage of full nodes is in China? Is this known?

      1:03 AM - 26 Dec 2018
      0 replies 0 retweets 0 likes

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