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petertoddbtc's profile
Peter Todd
Peter Todd
Peter Todd
@petertoddbtc

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Peter Todd

@petertoddbtc

Applied Cryptography Consultant (what the cool kids call 'blockchain tech') PGP: 0x7FAB114267E4FA04, pete@petertodd.org

petertodd.org
Joined May 2013

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    Peter Todd‏ @petertoddbtc 2 Dec 2014

    Those complaining the record number of Bitcoin transactions hasn't gotten any press should remember faking that'd cost less than $1k

    7:49 PM - 2 Dec 2014
    • 18 Retweets
    • 24 Likes
    • Preston Byrne Mirrax Ben Segal DoctorBitcoin Daniel Himmelstein Tom Harding Tim Swanson 문명의 붕괴를 묵상하는 Allan
    6 replies 18 retweets 24 likes
      1. New conversation
      2. JJ「cιtιƶεɳƒιvε」 🏴‍☠️‏ @Ctzn5 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc Faking as in padding with real transactions? People will think you mean it takes $1k to falsify a transaction lol

        1 reply 0 retweets 0 likes
      3. Peter Todd‏ @petertoddbtc 2 Dec 2014
        Replying to @Ctzn5

        @fnxTX Yup, notably total tx fees hasn't been going up; easily could be just a bunch of CoinJoin mixing, low value txs, or fake pumping.

        1 reply 1 retweet 3 likes
      4. JJ「cιtιƶεɳƒιvε」 🏴‍☠️‏ @Ctzn5 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc I like to point out that fake or real, the effect on the Bitcoin network is exactly the same. It's a trivial milestone.

        2 replies 0 retweets 0 likes
      5. Peter Todd‏ @petertoddbtc 2 Dec 2014
        Replying to @Ctzn5

        @fnxTX Wake me up when we get angry reddit threads from Android Wallet/Multibit users trying to figure out how to set fees.

        1 reply 0 retweets 1 like
      6. JJ「cιtιƶεɳƒιvε」 🏴‍☠️‏ @Ctzn5 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc Haha. Well I rarely check r/bitcoin, it's all either negative, whiny bitcoiners or actual buttcoiners, and a blurry line btwn.

        1 reply 0 retweets 2 likes
      7. JJ「cιtιƶεɳƒιvε」 🏴‍☠️‏ @Ctzn5 2 Dec 2014
        Replying to @Ctzn5

        @petertoddbtc But I hear free vserver instances w/40 GB storage have begun crashing.

        1 reply 0 retweets 0 likes
      8. Peter Todd‏ @petertoddbtc 2 Dec 2014
        Replying to @Ctzn5

        @fnxTX Funny to watch people suggesting the pruning patch; right now it turns off the full node bit so your not contributing to the network.

        1 reply 0 retweets 1 like
      9. JJ「cιtιƶεɳƒιvε」 🏴‍☠️‏ @Ctzn5 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc That's brilliant

        0 replies 0 retweets 0 likes
      10. End of conversation
      1. New conversation
      2. Cameron Ruggles‏ @CameronRuggles 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc per day? $1K per day is pretty significant in cost.

        1 reply 0 retweets 0 likes
      3. Peter Todd‏ @petertoddbtc 2 Dec 2014
        Replying to @CameronRuggles

        @CameronRuggles People spend a lot more than that trying to pump coins on exchanges.

        1 reply 0 retweets 0 likes
      4. Cameron Ruggles‏ @CameronRuggles 2 Dec 2014
        Replying to @petertoddbtc

        @petertoddbtc sure, but is it still doesn't seem all that wroth it. Price/volume, etc hasn't really changed from this

        1 reply 0 retweets 0 likes
      5. Peter Todd‏ @petertoddbtc 2 Dec 2014
        Replying to @CameronRuggles

        @CameronRuggles That just means they failed at the attempt, a common outcome of attempted pumps. Shit happens.

        0 replies 0 retweets 1 like
      6. End of conversation
    1. Cukefinex Auditor‏ @cukeking 4 Dec 2014
      Replying to @petertoddbtc

      @petertoddbtchttp://www.reddit.com/r/Bitcoin/comments/2no7le/can_someone_explain_whats_going_on_with_this/ …

      0 replies 0 retweets 1 like
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    2. Jorge Stolfi‏ @JorgeStolfi 4 Dec 2014
      Replying to @petertoddbtc

      .@petertoddbtc The plot of total daily transaction volume (minus estimated changebacks) in USD is mostly flat for the last year.

      0 replies 0 retweets 0 likes
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    3. Mendax Millstream‏ @BrunchTime 4 Dec 2014
      Replying to @petertoddbtc

      @petertoddbtc when do i get rich

      0 replies 0 retweets 0 likes
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    4. Mendax Millstream‏ @BrunchTime 4 Dec 2014
      Replying to @petertoddbtc

      @petertoddbtc ahh yes nigga i was saying this today at chipotle

      0 replies 0 retweets 0 likes
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