Showing posts in the last 8 days

Explore DaveF's Insights & Posts

Re: BIP-110 Soft Fork Started
in Development & Technical Discussion
It's only a couple of strange guys running an alternative client with some invented "softfork proposal", maintained by essentially a single guy.

So to oppose this fork it's simply enough to continue running a Bitcoin Core node, right? Or perhaps several nodes maybe, if you really want to make a statement.

You can also block the other lukecoin nodes
https://bitcointalk.org/index.php?topic=5569653.msg66221904#msg66221904

Why talk to other nodes that will not give you all the mempool but instead are giving their censored opinion of what is a real transaction?


-Dave
#1
Re: DO BITCOIN DEVELOPERS REPRESENT A MASSIVE COUNTERPARTY RISK?
in Bitcoin Discussion
I�ve been thinking the same thing lately. Everyone calls you a 'fudder' if you point out that a few guys in the US control the repo, but v30 proved they can and will push changes without asking anyone. The 'nodes will rebel' thing sounds good on paper, but most people are too lazy to switch to alternative software. It�s becoming exactly what it was meant to replace

They did discuss / ask in both on github and the google groups list.
Guess you were not looking or reading them when they did.

-Dave
#2
Re: ✅ b1exch.io - Instant Auto Exchange | Sig Campaign [OPEN]
in Services
Username Bitcointalk: DaveF
BTC Address (bech32): bc1qeetfw8h0putgz9sdzwfgjr9asvs5q4y6czqz5z
Username KYCNOTme: disciplined_incoherence_1748
Comment with confirmed order & Verification request: No





#3
Re: DO BITCOIN DEVELOPERS REPRESENT MASSIVE COUNTERPARTY RISK?
in Bitcoin Discussion
Interesting. If you are correct (which you may very well be) that miners have all the power then it would seem bitcoin isn't decentralized at all.

Why would you say that, anyone can buy a miner and mine.
https://cryptorank.io/news/feed/fec8e-solo-miner-with-futurebit-earns-3-125-btc

Even in the past week 20 different pools have found blocks:
https://mempool.space/graphs/mining/pools#1w

Core 30 changed nothing in the amounts of what you consider spam could be mined.
Greg says it better then I could.
Quote
There is absolutely no perceivable increase in >80b op_return,
What does "perceivable" mean to you?  OP_returns aren't 'perceivable' at all generally because the bitcoin software intentionally doesn't show them.  There are op_returns over 80 bytes, as there were *before* Bitcoin Core 30 because, as I just reiterated in this thread and which you went on to lie about again:  Miners already removed the limit before a matching removal was proposed in Bitcoin Core.  You claimed that this would bring forth all kinds of negative effects, we can all see now that your hysterics were entirely misplaced ... and they continue to be misplaced.


If you don't like these simple facts start your own pool and get people to mine there. Or just buy some miners and mine for yourself.

-Dave
#4
Re: DO BITCOIN DEVELOPERS REPRESENT MASSIVE COUNTERPARTY RISK?
in Bitcoin Discussion
.....So my question is, who is doing the actual voting under bitcoin consensus?  The developers? The node operators? The bitcoin holders? Or someone else?
How do we know or see the results of the votes?...

The miners. They are the only ones that really matter. You can run whatever node you like with whatever rules you like. Since day one unless you are mining you didn't and don't get a vote. Now that mining mining pools exist if you want proposal "X" you would find a pool that is signaling that and mine there.

Very very basic: Go back to 2017 with the BTC - BCH block size fight. At the end of the day miners mined BTC not BCH.
There was a lot of other things going on at the time but more or less you could see who was signalling what.

Nothing has changed since then.

-Dave
#5
Re: BIP-110 Soft Fork Started
in Development & Technical Discussion
These people seriously don't understand how BTC works.
There is just about 0% chance that any fork that takes peoples coins (like this one) is ever going to happen.
If it does the value of BTC would fall off a cliff.

So the miners, who mine to make money will keep mining with BTC clients that don't support it.
Exchanges, who well exchange crypto and fiat to make themselves their profits would run BTC clients that don't support it.
People who don't want their funds taken because someone wants to change the rules would run BTC clients that don't support it.

So this useless fork would fork off and die.

.....
It's only a couple of strange guys running an alternative client with some invented "softfork proposal", maintained by essentially a single guy.

Knots, the only client which gives users the opportunity to signal for that "softfork", has a ~20% share, still almost unchanged since the start of the "OP_RETURN wars", and probably manipulated to the upside.

So even if all Knots users signal for the softfork, they would not come even close to activation.
.....

https://bitcointalk.org/index.php?topic=5569653.msg66221904#msg66221904

If you run a node just do something similar and block them.

-Dave
#6
Re: 2026 Difficulty Thread
in Mining speculation
Quote
https://newhedge.io/bitcoin/difficulty-estimator

Latest Block:   933752  (3 minutes ago)

Current Pace:   82.7279%  (345 / 417.03 expected, 72.03 behind)

Previous Difficulty:   146472570619930.8                            
Current Difficulty:   141668107417558.2                            
Next Difficulty:   between 117251601611339 and 132999938860017
Next Difficulty Change:   between -17.2350% and -6.1186%
Previous Retarget:   last Thursday at 2:29 PM  (-3.2801%)
Next Retarget (earliest):   February 6, 2026 at 12:26 PM  (in 12d 0h 27m 1s)
Next Retarget (latest):   February 8, 2026 at 12:38 PM  (in 14d 0h 38m 44s)
Projected Epoch Length:   between 14d 21h 57m 19s and 16d 22h 9m 1s


It is early but these are really really big drop off.

Let�s watch this closely

A bunch of non critical DCs in Texas and the SE are offline now trying to keep usage low due to the ice / snow storm.
So that is probably some of it.

So from the guy in NY to the guy in NJ. "Geez, what a bunch of wimps those Texans are, can't take a little cold"

-Dave
#7
Re: alternative to coinomi (android)
in Wallet software
Just did an XMR test after seeing this. Seems to work for me too.
Just had some dust from feather wallet moved it in & out and around with no issues.

-Dave
#8
Re: Coldcard MK4 microSD failure � works at first, then later stops reading cards
in Hardware wallets
I'll make it shorter.
Modern SD cards suck.
Not all of them suck.
If you want to have good SD card than buy industrial grade SD cards that have much longer life and they are more reliable.
There is a big difference compared to standard consumer grade cards, and same goes for usb and ssd drives.
Kingston Industrial is probably one of the best, but there are other options available.

Nope, I have a few bad industrial SD cards too. Yeah, they had a hard life but when the ones from 2018 are still kicking and the ones from 2023 are not I just put them all in the "they are all crap" bucket.

Both Kingston and Swissbit.

It's to the point that they are so cheap it's not worth caring just put them in the bag for destroying later in case there is any data on them and put in a new one.

-Dave
#9