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Peter Todd Btc

Peter Todd Bitcoin Topic At Crypto.bi Kb

Peter Todd Bitcoin Topic At Crypto.bi Kb

Vitalik Buterin and Peter Todd Go Head to Head in the Crypto Culture Wars Tesla and Edison, Hayek and Keynes, Jobs and Gates. Like protons and electrons, great inventions tend to have rivalries, usually based on different visions or different ways of foreseeing future developments or, as in this case, different fundamental assumptions. A twitter debate between Vitalik Buterin, ethereum s inventor, and Peter Todd, a Bitcoin Core developer, concerns what we can say is a fundamental technical argument from small blockers. They argue we can not scale on-chain, because we can not have light-client nodes, because we can not construct what is called fraud proofs. That addresses Nakamoto's argument head on. As we reported previously, in newly revealed e-mails shared by Mike Hearn a former Bitcoin Core developer Nakamoto says:This publication was found by us on January 08, 2019 8:36 PM.Share this content on social media: Have a look at www.trustnodes.com for more. Leave a Comment Bitcoin, Scams, and Everything in between: In Conversation with Peter Todd Advertise with Us Jobs at BTCManager BITCOIN PRICE: 3,743.23 HIGH: 3,841.17 LOW: 3,678.80 At BlockchaInvest, international blockchain companies and crypto projects looking to raise capital meet local investors and fund managers in a Don't miss out on the latest news Get BTCMANAGER delivered right to your inbox October 26, 2018 16:30 by Liam J Kelly Peter Todd has been one of the most vocal developers in the Bitcoin space and for good reason. The 33-year-old Canadian software engineer has been fiddling with the pioneer cryptocurrency for some time now, and when perusing his blog, much of this work has also shaped much of the crypto narrative.This data was retrieved by us on October 26, 2018 6:57 PM.Share this content on social me Continue reading >>

Core Dev Peter Todd Admits Lightning Network Has Issues Coingeek

Core Dev Peter Todd Admits Lightning Network Has Issues Coingeek

: It takes alot for astaunch advocate of atechnology to question its capability. Very recently, Bitcoin Core developer Peter Todd, made an admission that Lightning Network is full of holes. Praised by many as being the scalability fix for the Segwit chains scaling woes, Lightning Network has indeed come short on many fronts, and many people are beginning to question if it really is up to the task, including one prominent contributor to BTCs code. Segfaults (or Segmentation faults) are generally quite common when programming in C. But the more complex aprogram, the more chance of there being such instances of these bugs. Segfaults are generally caused by abadly written program that tries to read or write to memory locations that are out of range. Acommon segfault for example is an out of bounds array, or avariable that has not been declared properly. The problem with coding in C++, is that it is an extremely powerful language that gives full control of the mechanics of the application to the developer. This can be avery good thing, but it can also be terribly dangerous. The compiler assumes the developer knows what they are doing, and it will not try to guide the user, as is the case with modern programming languages. On one hand, Peter Todd is right. Writing it in C, is anotoriously dangerous language. But on the other hand, we have to question the logic both ways. If the coding language of choice was right, then why are there so many holes in the application, which are apparently very difficult to identify and resolve? If the coding language of choice was incorrect, then how much faith should we be putting in the leadership of this project? Lightning is still far from ready on all accounts, many have already lost funds in testing Lightning Network on the main. In the Continue reading >>

Development - Bitcoin

Development - Bitcoin

Bitcoin is free software and any developer can contribute to the project. Everything you need is in the GitHub repository . Please make sure to read and follow the development process described in the README, as well as to provide good quality code and respect all guidelines. Development discussion takes place on GitHub and the bitcoin-dev mailing list. Less formal development discussion happens on irc.freenode.net #bitcoin-core-dev ( web interface , logs ). To report an issue,please see the bug reporting page. Bitcoin Core is security software that helps protect assets worthbillions of dollars, so every code change needs to be reviewed byexperienced developers. It can take a long time for other developers to review your pullrequests. Remember that all reviewers are taking time away from theirown projects to review your pull requests, so be patient and respectfulof their time. Please also consider helping to review other peoples pull requests. Youdont need to be an expert in Bitcoin, the Bitcoin Core codebase, or C++(although all these things help). There are almost always open pullrequests that any programmer can review. Do you want to begin coding for Bitcoin Core but dont have a specificimprovement in mind? Here are a few ideas: Fix existing issues: the issue tracker is thebest place to find a useful way to contribute to Bitcoin Core.Before starting to write any patches for issues you find, you maywant to comment on the issue to make sure nobody else is alreadyworking on it. Write tests: Bitcoin Core is covered by many tests, but patchesthat improve test coverage are always welcome and are a great way tobuild familiarity with the codebase. See the documentation about automated testing . If you are interested in learning more about the technical details of Bitcoin an Continue reading >>

Bips/bip-0065.mediawiki At Master Bitcoin/bips Github

Bips/bip-0065.mediawiki At Master Bitcoin/bips Github

This BIP describes a new opcode (OP_CHECKLOCKTIMEVERIFY) for the Bitcoinscripting system that allows a transaction output to be made unspendable untilsome point in the future. CHECKLOCKTIMEVERIFY redefines the existing NOP2 opcode. When executed, ifany of the following conditions are true, the script interpreter will terminatewith an error: the top item on the stack is less than 0; or the lock-time type (height vs. timestamp) of the top stack item and the nLockTime field are not the same; or the top stack item is greater than the transaction's nLockTime field; or the nSequence field of the txin is 0xffffffff; Otherwise, script execution will continue as if a NOP had been executed. The nLockTime field in a transaction prevents the transaction from being mineduntil either a certain block height, or block time, has been reached. Bycomparing the argument to CHECKLOCKTIMEVERIFY against the nLockTime field, weindirectly verify that the desired block height or block time has been reached;until that block height or block time has been reached the transaction outputremains unspendable. The nLockTime field in transactions can be used to prove that it ispossible to spend a transaction output in the future, by constructing avalid transaction spending that output with the nLockTime field set. However, the nLockTime field can't prove that it is impossible to spend atransaction output until some time in the future, as there is no way to know ifa valid signature for a different transaction spending that output has beencreated. If Alice and Bob jointly operate a business they may want toensure that all funds are kept in 2-of-2 multisig transaction outputs thatrequire the co-operation of both parties to spend. However, they recognise thatin exceptional circumstances such as either party Continue reading >>

Bitcoin Pow Change Good Backup Plan: Peter Todd On Scaling

Bitcoin Pow Change Good Backup Plan: Peter Todd On Scaling

Bitcoin PoW Change Good Backup Plan: Peter Todd On Scaling Core developer Peter Todd has suggested changing Bitcoins proof-of-work algorithm is a good backup plan in the ongoing scaling debate. Core developer Peter Todd has suggested changing Bitcoins proof-of-work algorithm is a good backup plan in the ongoing scaling debate. [Disclaimer: For clarity, Peter Todd has since clarified to bittox that his comments were not directed specifically at Bitcoin Unlimited, but rather at any proposals to actively attack the Bitcoin chain.] Consultant and Bitcoin Core Developer Peter Todd has advocated changes to the cryptocurrencys proof-of-work (PoW) algorithm as the scaling debate continues. As the prospect of a Bitcoin hard fork looms and associated politicized activity remains , Todd suggested researching a PoW change would be a good backup plan. With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan: Peter Todd (@petertoddbtc) March 19, 2017 The ongoing infighting over how to resolve Bitcoins capacity woes now directly involves the industrys major exchanges, a group of which signed a joint letter on Friday calling for Bitcoin Core to retain the ticker BTC and Bitcoin Unlimited to become BTU. Reacting to what he describes as some miners threatening to force 51 percent attacks on the network, Todd proposed a concerted initiative to fundamentally change certain aspects of Bitcoin as it is in 2017. Proof-of-work allows for verification of Bitcoin transactions through the production of time-consuming, fairly expensive activity which ensures their validity. The PoW upgrade would allegedly offer protection from such attacks, allowing individuals to mine once again and thereby increasing decentralization of the process. Changing the p Continue reading >>

Peter Todd Sugere Mudar A Prova De Trabalho (pow) Do Bitcoin

Peter Todd Sugere Mudar A Prova De Trabalho (pow) Do Bitcoin

Peter Todd sugere mudar a prova de trabalho (PoW) do Bitcoin Publicado em 20 de Maro de 2017 por Chrys O colaborador e desenvolvedor do Bitcoin Core, Peter Tood sugere nada menos que mudar a prova de trabalho do Bitcoin a fim de facilitar a adoo do SegWit. Mas ser que fazer isso no ser tambm matar a melhor coisa que o Bitcoin tem a oferecer? O Bitcoin uma moeda descentralizada por natureza, e mudar seu conceito apenas para facilitar a adoo do que ele pensa ser o melhor para a moeda pode ser o fim dessa liberdade, criando um establishment para o Bitcoin, em outras palavras a morte. Um sistema de prova de trabalho ( protocolo ou funo ) uma medida econmica para impedir ataques de negao de servio e outros abusos de servios, como spam em uma rede, exigindo algum trabalho do solicitador do servio, geralmente significando tempo de processamento computacional. A prova de trabalho o que permite a verificao das transaes de Bitcoin atravs da produo, a atividade, apesar de ser bastante cara e demorada, o que garante a sua validade. O consultor e desenvolvedor do Bitcoin Core, Peter Todd defende uma mudana na prova de trabalho (POW) da rede Bitcoin, segundo ele isso facilitaria a implantao do SegWit na verdade ele sugere nada menos que tirar o poder de deciso dos mineiros e dar as pessoas que ele pensa que aderiro ao que ele acha certo para a rede. Como a perspectiva de um hard fork do Bitcoin e a discusso politica permanece, Todd sugeriu que pesquisar uma mudana do PoW seria um bom plano B. A luta interna em curso sobre como resolver os problemas de capacidade do Bitcoin agora envolvem diretamente as principais bolsas de valores da indstria, um grupo que assinou uma carta conjunta na sexta-feira pedindo ao Bitcoin Core para reter o BTC ticker e ao Bitcoin Unlimited para se tornar Continue reading >>

Bitcoin Creator Satoshi Nakamoto Has Lost Control Of His Email Address

Bitcoin Creator Satoshi Nakamoto Has Lost Control Of His Email Address

Bitcoin Creator Satoshi Nakamoto Has Lost Control Of His Email Address Welcome to The Not-So Private Parts where technology & privacy collide Update (9/9): Motherboard's Patrick McGuire reports that he has corresponded with the person or persons in control of the account. Meanwhile, when I attempted to email the address again on Tuesday morning, I got a bounceback: "Mailbox unavailable." Little is known about the mysterious creator of Bitcoin beyond his pseudonym, Satoshi Nakamoto, and the fact that he uses the email address [email protected] However, the latter may no longer be true. Reports are flooding in that the email account has been taken over by someone new, who is using his or her access to the account to email past correspondents of Nakamoto and to daisy chain into other online accounts associated with Bitcoin's creator. An administrator on the Bitcoin forum Bitcointalk.org claimed Monday to have received a strange email from the address. According to Bitcointalk user Theymos, the email said: Michael, send me some coins before I hitman you. This is not Nakamoto's usual style. Additionally, graffiti was posted on the SourceForge page where Bitcoin's code was posted by Nakamoto. According to a poster at HackerNews , it briefly read, "Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts."That graffiti appears to have been scrubbed since. Meanwhile, a P2P forum account associated with Nakamoto , which has been inactive since it went dark in 2009 with one exception in March , posted a new message from Nakamoto's account: Dear Satoshi. Your dox, passwords and IP addresses are being sold on the darknet. Apparently you didn't configure Tor properly and your IP leaked when you used your email account sometime i Continue reading >>

Craig Wright (satoshi Nakamoto?) & Btc Developer Peter Todd War Of Words On Twitter

Craig Wright (satoshi Nakamoto?) & Btc Developer Peter Todd War Of Words On Twitter

Craig Wright (Satoshi Nakamoto?) & BTC Developer Peter Todd War of Words on Twitter Craig Wright Calls Blockchain Tech a Toddler, Threatens to Post Further Satoshi Proof Online Dr. Craig S. Wright blew up crypto Twitter earlier today when he said screw you toddler to blockchain tech Peter Todd (@PeterKTodd) , then threatened to go full billionaire mode. I am going to undelete my writings. You want competition screw you. I am going full billionaire mode. You asked for this. You will not like what is coming! You think I cannot choose what I prove, to whom. watch Dr Craig S Wright (@ProfFaustus) June 29, 2018 The argument between Craig and Todd began when Todd started discounting the work of Satoshi Nakamoto, the anonymous investor of bitcoin. Todd was quote-tweeting Tim Ruffing (@real_or_random), who said, Im not convinced that Satoshis opinion from 2009 is of any use. Statements like this typically enrage hardcore bitcoin supporters, who believe Satoshis word is law and his vision was impeccable. Peter Todd, however, echoed the opinion. He said, While Satoshi had a lot of brilliant ideas, they also had many ideas that havent worked out. This is cryptography engineering, not pseudo-religion, Todd went onto explain. It was this tweet that enraged Craig Wright. Wright, whos a big fan of Bitcoin Cash (BCH) as the true version of bitcoin, quoted the tweet and said, Screw you toddler. In a follow-up tweet, Craig took things a step further, saying, This is it. Screw you toddler. I am going to undelete my writings. You want competition screw you. I am going full billionaire mode. Craig then took a threatening tone, saying, You want this. You get it. You asked for this. You will not like what is coming! You think I cannot choose what I prove, to whom watch. Many have taken Craig Continue reading >>

What Is The Bitcoin Block Size Debate And Why Does It Matter?

What Is The Bitcoin Block Size Debate And Why Does It Matter?

What is the Bitcoin Block Size Debate and Why Does it Matter? Bitcoin is divided. Some are calling it the currencys "constitutional crisis", a debate that has split itscommunity right down the middle. The crux of the issue comes down to a single technical detail: the size of bitcoins blocks. The question of scale in bitcoin is not a new one. But as transaction volumes are expected to increase in the years ahead, questionsabout the cryptocurrencys future composition must, in the eyes of those who favor change, be answered sooner rather than later: who does it serve? How should it look? What makes it unique? As the block size debate rages on, here's a primer on its broad strokesand why it matters. Blocks arebatches of transactions which are confirmed and subsequently shared on bitcoins public ledger, the blockchain. In the early days of the currency, these blocks could carry up to 36MB of transaction data apiece.However, in 2010, this was reduced to 1MB to reduce the threat of spam and potential denial-of-service attacks on the network. This limit remainsin place today, however as transactions increase bitcoin's blocks are filling up edging further towards this 1MB line. Data released by TradeBlock in June revealed the average block size had increased from around 125KB to 425KB since 2013, while the daily volume of bitcoin transactions had increased 2.5 times. The amount of data in each block is increasing. Source: TradeBlock In turn, some blocks are already hitting this maximum. At the time of TradeBlocks research, this was happening on average more than four times a day. "Meaning at least some otherwise-acceptable transactions are seeing delayed confirmations due to capacity issues on the network 3% of the time since the beginning of the year," it said. And while the 1 Continue reading >>

Is This The Beginning Of The End Ofbtc?

Is This The Beginning Of The End Ofbtc?

Leadership in the BTC community has been making some very curious statements lately, and it does not bode well for their coin. I should first point out that the title of this article is not that its the end for Bitcoin. For you see, Bitcoin is a Peer to Peer Electronic Cash System described by Satoshi Nakamoto, and BTC stopped being Bitcoin a long time ago. (Arguably, Bitcoin Cash continues this system, but well come back to that.) The proper definition, operation, and functionality of Bitcoin is very much at the heart of the matter here, and to explain the issue we need to rewind and review the history. Bitcoin began as a cash system (this is in the title of the original Bitcoin whitepaper). This meant that anyone could send money to anyone else, anywhere in the world, almost for free, without permission, and without central banks or authorities. Basically, its one of the greatest inventions ever. Satoshi Nakamotos first email to the world was to unveil the whitepaper. His second email, though, was also very important. To quote Nakamoto Studies: The following email is perhaps one of the most important of Satoshis emails as it predicts the natural development of a professional mining industry and notes that Bitcoin can scale on-chain to the transactional volumes of the Visa network. Bitcoin Cash proponents cite this email often as evidence for their case to increase the Bitcoin block size. From 2008 to 2013, all was well in Bitcoin (for the most part). But in 2013, the small block movement started. A growing number of people began to express doubt in Satoshis plan. They didnt like this idea of allowing the size of the Bitcoin blocks to grow bigger. They said it would cause too much centralization of the network. So instead of allowing the blockchain to grow directly, t Continue reading >>

R3 Makes A Habit Of Sending Cease-and-desist Letters To Bitcoiners

R3 Makes A Habit Of Sending Cease-and-desist Letters To Bitcoiners

R3 Makes a Habit of Sending Cease-and-Desist Letters to Bitcoiners R3 is making a habit of sending cease-and-desist letters to bitcoin journalists and developers.R3 first gained notoriety for bringing together 70 of the worlds largest financial institutions under the banner of blockchain, but has since moved away from the buzzword, towards so called distributed ledger technology. The blockchain consortium, whose primary goal is to cut costs for the back office processes at major banks, seems to have no problem lobbying legal threats at members of the Bitcoin Community who do not follow the consortiums line. Related: R3CEV Unveils Corda, But is not Building a Blockchain Peter Todd, a longtime Bitcoin Core developer, received legal threats lobbied by R3. R3s allergic to criticism, tweeted Bitcoin developer Peter Todd, who has worked with R3CEV. Sent me a cease and desist for suggesting that there might be prior art on their patent. R3's allergic to criticism: sent me a cease and desist for suggesting that the might be prior art on their patent! Peter Todd (@petertoddbtc) November 25, 2016 Prior art implies that Corda, which R3 seeks to patent, is already known technology, and thus ineligible for a patent. Mr. Todd says much of his work for R3CEV has gone unpaid. His work on Proofchains, which led to Cordas design, was licensed by R3, but the consortium never paid for it. R3 bought a commercial license to my Proofchains work, although youd have to ask a lawyer to know if that license is valid, Mr. Todd tweeted. Mr. Todd is not the only Bitcoin participant to receive a cease-and-desist letter. Bitcoin.com obtained a copy of an e-mail sent to a Bitcoin journalist by Chatsworth Communications, R3s marketing firm. In regards to a story about Wells Fargo, in which the multinat Continue reading >>

Peter Todd Worried About Those Willing To Fork Bitcoin At All Costs

Peter Todd Worried About Those Willing To Fork Bitcoin At All Costs

Peter Todd Worried About Those Willing to Fork Bitcoin at All Costs Bitcoin Core contributor Peter Todd recently discussed a variety of topics on The Crypto Show . Todd was asked if he is still worried about the possibly negative implications of a controversial hard fork induced by Bitcoin Classic or any other alternative Bitcoin client. said he is still worried about a hard fork due to some larger block size limit supporters who seem willing to fork Bitcoin at all costs. When Todd was first asked how he felt about his hard fork worries, he brought up the fact that some parts of the Bitcoin community seem ready to fork the blockchain no matter what. He stated: I would say Im still very worried because I think we still have a contingent of people in this community whose views are: Lets fork Bitcoin at all costs, we desperately need this block size increase, and were going to need a couple more immediately. Todd said this is the general view that he feels Coinbase CEO Brian Armstrong and Blockchain CEO Peter Smith have expressed to him in his conversations. I dont think these people are going to necessarily back down lightly, Todd said. With the current climate around the debate and the intention of some people to hard fork Bitcoin without near-universal consensus, Todd said there is a small chance this process could go badly. When I say badly, I essentially mean that we end up with two different economically relevant currencies, he said. You end up getting some miners on one coin and some miners on another. Factom CEO Paul Snow , who was also present during the conversation on The Crypto Show, disagreed with Todd a bit and said the chances of something going badly were vanishingly small. In the past, Bitcoin Classic developer Gavin Andresen has written about his thought Continue reading >>

Who Broke The Sha1 Algorithm (and What Does It Mean For Bitcoin)?

Who Broke The Sha1 Algorithm (and What Does It Mean For Bitcoin)?

Who Broke the SHA1 Algorithm (And What Does It Mean for Bitcoin)? Feb 25, 2017 at 16:00 UTC|UpdatedMay 19, 2017 at 17:04 UTC The cryptography world has been buzzing with the news that researchers at Google and CWI Amsterdam have succeeded in successfully generating a 'hash collision' for two different documents using the SHA1 encryption algorithm, rendering the algorithm 'broken' according to cryptographic standards. Butwhat does this mean in plain language, and what are the implications for the bitcoin network? As laid out in a recentCoinDesk explainer , a hash function (of which SHA1 is an example) is used to take a piece of data of any length, process it, and return another piece of data - the 'hash digest' - with a fixed length. One way that hash functions are used in computing is to check whether the contents of files are identical: as long as a hash function is secure, then two files which hash to the same value will always have the same contents. However, a hash collision occurs when two different files hash to the same value. Given the mathematical laws that govern hash functions, it is inevitable that hash collisions will occur for some values of input data (because the range of data you could put into the hash function is potentially infinite, but the output length is fixed). For a secure hash function, the probability of this should be so small that, in practice, it is not possible to make a sufficient number ofcalculations to find it. The significance of the Google/CWI team's results is in the fact that they were able to create a hash collision by finding a much more efficient method - 100,000 times more efficient in fact - than simply guessing every possible value of data. It's the efficiency of this method that means SHA1 is now officially broken. (These Continue reading >>

The Magic Behind Bitcoin's Blockchain By Peter Todd

The Magic Behind Bitcoin's Blockchain By Peter Todd

I am elated to announce that we are hosting the one and only, Peter Todd! He is arguably one of the most influential people in the Bitcoin space (definitely in Canada), and has played a major role in making Bitcoin what it is today. On July 29th in a classroom setting using the whiteboard, Peter Todd will be taking us on a walk-through on how Bitcoin's consensus works. So, how and why, for the first time, we're able to have an immutable, trustless network that anyone is able to transact, and store value on without the need for third parties. This will be a great opportunity for newbies, to the more technically advanced to learn about what makes Bitcoin so valuable, but also a chance to network with Bitcoiners in the GTA area as there will be time for that after the Q&A of Peter's talk. P.S. This Meetup has a cover charge of $10(CASH or BITCOIN)... because it's Peter Todd for Pete's sake! Also, we need it for future events and space fees, so that we can continue to have these Bitcoin Meetups, and more often. We're open to donations, sponsorships, and collaboration from like-minded individuals, so we can grow these Meetups to host events at better/more spaces, all over the GTA, and eventually globally, as there is a massive need for bitcoin education currently. See www.Meetup.com/Toronto-BTC-Meetup for more info. Continue reading >>

Peter Todd Un Dev Du Btc Reconnait Que Le Ln Est Vulnrable Sur Le Forum Finance - 27-02-2018 11:25:22 - Jeuxvideo.com

Peter Todd Un Dev Du Btc Reconnait Que Le Ln Est Vulnrable Sur Le Forum Finance - 27-02-2018 11:25:22 - Jeuxvideo.com

As for the Lightning protocol, Im willing to predict itll prove to be vulnerable to DoS attacks in its current incarnation, both at the P2P and blockchain level While bad politics, focusing on centralized hub-and-spoke payment channels first would have been much simpler. Voil, un des dev du bitcoin core reconnait que le LN est unsecure et peut subir des attaques Ddos C'est bien pour a que c'est sur le testnet et pas sur le mainnet. Mme les devs les plus enthousiastes s'accordent dire qu'il faudra encore 1 an ou 2 pour que a soit prt. Le 27 fvrier 2018 11:25:22 Roi_de_perse_kh a crit : As for the Lightning protocol, Im willing to predict itll prove to be vulnerable to DoS attacks in its current incarnation, both at the P2P and blockchain level While bad politics, focusing on centralized hub-and-spoke payment channels first would have been much simpler. Voil, un des dev du bitcoin core reconnait que le LN est unsecure et peut subir des attaques Ddos Le vrai problme de BCH c'est qu'il n'est pas une pair aussi importante le BTC. Les gens ne l'utilisent pas pour changer d'autres monnaies sur des trucs Binance. C'est a mon avis son vrai problme. Parce que bon, autrement le BCH est 30% de son ATH quand le BTC en est 50%. Il serait judicieux de se placer sur le BCH mais je pense qu'il n' a pas la popularit de son grand frre jumeau Continue reading >>

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