If you want to say anyone can destroy their bitcoins by sending them to some unknown address the way Wormhole does, yes, but as CSW said, no longer used addresses will be mined again.
Who decides what's "no longer used"? It's reintroduction of trust and antithesis to Bitcoin. If such changes will appear on BSV chain, its tokens'll likely lose a lot of value
If you move your money it's used. If you don't touch it for 100 years the hash function will be cracked and the "sunken" money can be reused. If you ask me: another ingenious feature.
& if it isnt touched in 10 years? 5 years? 1 year? 6 months? when was the last time you 'touched' your retirement account? & cracked hash function is a different issue.
It cant be recovered if the hash function isn't cracked as far as I understood. Cracking the function takes time. Therefore moving your money before 100 years or so will make it used.
Hacking signing hash function is fine with me, I don't see manipulations with ledger that avoid signing anything on the protocol level, which was the idea on SV side, as valuable
You can make it so that addresses that haven't been used for 50 years or so, or more to be such... means its money sitting there for that long doing nothing, its either lost or hoarded
I decide what to do with my money and when. Bitcoin makes erasing my money from the ledger almost impossible. Changing that on some chains of Bitcoin will just make them less valuable
What if you die or lose wallet access? There are legit uses for this re-mining of such addresses. Just don't leave them forever like that, move them every few years & you're fine.
How do you determine if someone has died or that the wallet is just on long-term cold storage? I cannot grasp why and how the SV camp can justify stealing funds.
I see it like this: if you die, you lost funds, if you lose wallet access, you lost funds. If you are hoarding that money (esp if its massive amount), it means you have too much of it.
wtf , So if you have money in a bank that you worked hard to save even any amount and you die or forget password...its ok for the bank to claim all your money?
Doesn't matter if I'm the commissar to decide. Compassionate socialists were first to be robbed, raped and killed during Russian revolution. Read more books
Compassionate socialists first to be robbed & killed? What books are you reading? Did you know that Communist revolution was hijacked and that Communism never happened in Soviet Union?
It wasn't hijacked. That is the reality of communism. It tells you it is all about being equal, but then the boot comes down on your throat. Communism has been tried many times.
What I am doing is called educating people who are brainwashed by system disguising itself as freedom and other shit you dumbffucks believe. Its promoting a BETTER SOCIETY you fuckhead
It can't happen anywhere, cos homo sapiens aren't blank slates. Just the blankest of all animals. Sex and food, now accompanied by decent medicine and a lot of flashy stuff on screens
If you want to say we should accept shit society because we are just animals then first thing we should do is abolish private property as no such thing exists in nature/animal world.
We are one of the fittest among animals, we use tools in a supreme manner. Why give it up and start to get eaten by big cats and reptiles again? Shoot them with a rifle
Stalin was no Socialist or Communist, he was being aided by the west to prevent Communism taking place... they installed State Capitalism there back then & labeled it as Communism.
Its same shit that happened with Bitcoin in BTC, it got hijacked and turned into something different while maintaining the same label. Books have propaganda and lies in them also.
I speak the facts, you just declare absurdities. You seem to think your word is all that matters, but in reality people have to back up their claims. You never back up anything you say
Those with “a lot” will make rules to protect theirs & force people like you to figuratively self-immolate in the name of equality and fairness like always.
"The deep state, which consists of top richest capitalists, are that un-elected government (hence the term deep state) they control the politics, & they are the ones directing it all."
Ioverhe various definitions of what people mean by the "deep state" and all the absurdity that comes with it. Corruption exists, but not in this Hollywood type of form.
just quoting ED as an example of him (i think correctly) thinking that those with money can buy political power to insulate themselves from market force.
How do you use mobile? I mainly used it when the memo app @blake made was working. Now that it keeps crashing, I've mostly given up, although the captcha is easier than most others...
I never use the app. I just use my Chrome browser. I am more use to it on my phone than on my desktop. That said there is little difference that I can see. Guess I am just use to it.
on this point I agree with you. I’m wondering why you think bitcoin is different. sounds like you want to impose redistribution on wallets with “too much”
"And it is exactly these kinds of people who have used this system, and previous ones, all of which are exploitative also, to enrich themselves, then use that wealth to fuck us over."
So your kids should not be able to inherit It? Still, you can't explain how to determine if the funds are held by someone dead or whether the paper wallet has been transferred...
All pro-capitalists say capitalism is about re-investing capital to help the society, so not doing this is Crony Capitalism to them as people who hoard massive wealth are evil ;-)
Greedy capitalists reinvest their capital because if they dont then they lose value to inflation. This is why some see deflation as a bad thing. It reduces need to invest.
& they ARE evil, they are complete psychopaths. So "stealing" that massive wealth from them is justified in my eyes, completely, especially knowing they got that & from work of others
bs v also want to make users keep on paying to store info onchain...satoshi designed it to be a one off payment faketoshi wants a reoccurring payment, again to fill his miners pockets
Just hoarding wealth means its wealth not going back into economy, not helping anyone, not building anything good for society, and why we still have poverty & hunger. Fuck such people.
printing money causes inflation, devaluing currency already in circulation. Hoarding/burning is the opposite, removing currency from circulation & inc value of currency in circulation
Please stfu stealing users coins is not bringing anything back to the economy, its giving the funds to miners and in this case sv are majority miners and will get the coins.
The private keys CAN be brute forced, in the future it will be economical to do so in some cases. Who would you rather give an insecure private key to, a miner or a crook?
Even if they're dead? Keys can be mined with computing power, miners run data-centers, it makes sense that miners will claim old keys since anyone can do it.
No kidding. I'm not talking about current tech. How long will the 160 bits hold? not forever, and we'll have to upgrade. If someone doesn't upgrade what do you do?
The 160 bit hash is just an extra layer to protect against a potential flaw in secp256k1. When you transact, you reveal the public key anyway (that's why we have change addresses).
It doesn't matter what 'should' be done. There is money up for grabs, it's nuts to think people will just leave it there. Given that people WILL try to claim it, how should that go?
I never suggested otherwise. This is the part where you now try to continue justifying theft of funds "because someone will eventually steal it anyway." 🙄
It's not theft if you allow the owners to come forward and claim them. In fact, the miners are the best people to run such a system. They have the integrity of the currency in mind.
Death or incompetence don't grant whichever arbitrary collective a right to my money. Nothing does except my own choice. Mine your own coins or the whole ledger will perish market-wise
"Re-mining"? Theft. And coins of chains with "re-mining" will be less of interest to me. Plain and simple. If it'll be BSV, then BSV will be less valuable to me than BCH
No there isn't, there is only ONE Bitcoin system. The rest are shitcoins and altcoins. In that category are BTC and BCH/BAB. Bitcoin SV is the ONLY one using Bitcoin system.
No There is only one Satoshi White Paper that clearly states the definition of BITCOIN as:A PEER TO PEER ELECTRONIC CASH SYSTEM. Both BCH and BSV are considered Bitcoin and some others
While i agree that BCH is still P2P Cash System, it is no longer Bitcoin system. There is a difference. Litecoin is still P2P Cash system, but its not Bitcoin either.
Bitcoin is like an `iPhone XS`; `iPhone XS` is not `iPhone XR`, nor `iPhone X`, nor `Pixel 3`. when you fuck with its features it ceases being `iPhone XS`; same is true with Bitcoin
Exactly.Again the Definition of Bitcoin is "A PEER TO PEER ELECTRONIC CASH SYSTEM".Their are a few coins that fit this definition. Maybe they should be called Iphones. But still crypto
Yes, you are talking garbage. Bitcoin system is based on that white paper, its where the system rules are set and outlined. You change the rules, its no longer Bitcoin system.
Bitcoin is a SYSTEM with specific rules and working principles. BCH no longer satisfies all those rules and working principles, same as BTC, LTC and all others, with exception of BSV.