cluelessperson 2017-01-15 21:55:03
Does anyone know how to generate an address from a private key in python's ecdsa library?
amenorrhea 2017-01-15 22:12:22
No illegality? Yes, because people are buying popcorn and bubble gum with their bitcoins
midnightmagic 2017-01-15 22:15:18
amenorrhea: In fact, according to all studies I've seen (and I'm pretty sure that's all of them) your absurd assumptions are completely false. There is less activity as a whole in bitcoin under almost any measure, than there is in the real world.
midnightmagic 2017-01-15 22:15:40
*in terms of black market type activity)
midnightmagic 2017-01-15 22:17:33
Even when bitcoin was younger and more vulnerable, if we pick the absolute weakest point in time in terms of trading activity and overall price, and compare it with the strongest then-extant DNM, the percentage of total economic activity was *still* less than nearly every country's black market percentage ratio in the world.
midnightmagic 2017-01-15 22:18:07
So go spread your FUD somewhere else, and try using some facts next time.
amenorrhea 2017-01-15 22:20:21
That's actually quite interesting/surprising. Must be the warning in the topic, eh?
buZz 2017-01-15 22:20:34
no, just the trolls
buZz 2017-01-15 22:20:51
they easily out themselves by nonsense uttered
amenorrhea 2017-01-15 22:21:31
Any other buzzwords that may incite an informative rant?
buZz 2017-01-15 22:21:51
get a education?
midnightmagic 2017-01-15 22:22:16
I dunno. How many talking points did the altcoin pumpers arm you with?
midnightmagic 2017-01-15 22:22:32
And if the number is zero, then effectively the answer to your question is zero.
buZz 2017-01-15 22:22:40
:)
midnightmagic 2017-01-15 22:27:00
amenorrhea: Eh. I'm sorry, actually. You know, we just hear the same crap from people all the time, and it gets a littla grating. It's a common misconception, very difficult to break, because the only thing people see are.. ransom this, and DNM that, and hitman this, and DPR that.
midnightmagic 2017-01-15 22:27:33
The studies are pretty illuminating, and even working on the effort ourselves -- like the percentage is a number we can estimate just watching blockchain activity.
amenorrhea 2017-01-15 22:28:30
No, I'm sorry, I just have preconceptions from what I see in the media. I think cryptocurrency sounds like a good idea and look forward to it gaining more mainstream traction
midnightmagic 2017-01-15 22:29:43
amenorrhea: If it manages to survive some fairly self-destructive activities going on right now, it is one of the last hopes we have to ensure there's a permissionless money system we can predictably make use of.
midnightmagic 2017-01-15 22:32:37
amenorrhea: Luckily, it's big enough now, and there's enough information about the economic activity going on in it, that the governments of progressive nations are taking a remarkably hands-off stance on it. But I suspect this surprise is one born of media propagandizing the overreach of government more than actual reality.
midnightmagic 2017-01-15 22:33:26
I think realistically they know that the threat of jail is enough to convince most people to tell the authorities where they've buried the coffee jars, so to speak, to some reasonable degree.
midnightmagic 2017-01-15 22:34:24
-- And probably moreso than they could with stacks of cash in barrels.
frib 2017-01-15 22:34:54
transaction volume is almost at capacity with current software, right?
midnightmagic 2017-01-15 22:35:43
frib: No, also a misconception. Technically it's been "at capacity" for years.
midnightmagic 2017-01-15 22:35:59
frib: Like.. literally a multi-hundred megabyte transaction backlog for years.
frib 2017-01-15 22:36:02
midnightmagic, isn't the maximum 300k txns/day
midnightmagic 2017-01-15 22:37:26
frib: Eh. Depends on transaction size. That is the maximum number of transactions that can fit in the blockchain, but honestly, how much activity goes on in e.g. exchanges?
buZz 2017-01-15 22:38:10
more than that ;)
frib 2017-01-15 22:38:18
midnightmagic, what doe exchanges have to do with the number of txns that can fit in the blockchain?
midnightmagic 2017-01-15 22:38:19
frib: Offchain stuff can be done in a way which maintains near-bitcoin safety and irrevocability, while simultaneously increasing actual economic activity to essentially unlimited levels.
midnightmagic 2017-01-15 22:38:32
frib: You said "at capacity."
frib 2017-01-15 22:38:38
midnightmagic, oh you mean how much stuff is already "offchain" ?
midnightmagic 2017-01-15 22:38:57
frib: Lots of bitcoin ownership movement is entirely offchain, but still perfectly legitimate.
midnightmagic 2017-01-15 22:39:12
-- like even now.
frib 2017-01-15 22:39:39
midnightmagic, do you think that activity is a direct result of blockchain saturation?
frib 2017-01-15 22:39:50
or would it occur regardless?
frib 2017-01-15 22:40:20
i'm looking at https://blockchain.info/charts/n-transactions
piqure 2017-01-15 22:40:21
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^
mryandao 2017-01-15 22:40:23
are there some example transactions in the blockchain that are committed to the Liquid sidechain
mryandao 2017-01-15 22:40:31
or it'd be impossible to identify.
frib 2017-01-15 22:40:37
the daily average is almost 300k, not quite
midnightmagic 2017-01-15 22:40:47
frib: No. Blockchain saturation has been a thing for years. The increase in economic activity which elevates seemingly decoupled entirely from blockchain transaction limits IMO will be happening regardless.
midnightmagic 2017-01-15 22:41:08
*would be
midnightmagic 2017-01-15 22:41:37
frib: So, if what I said is true or turns out to be true, then the idea that bitcoin is "at capacity" is false.
frib 2017-01-15 22:42:05
midnightmagic, well i think it can be seen as false simply by noting that the number of txns in blocks is still increasing, even since October
midnightmagic 2017-01-15 22:42:48
frib: Your assertion is decoupled from the fact that economic growth even just in terms of exchange trading activity has happened entirely decoupled in any meaningful sense from transaction volume.
midnightmagic 2017-01-15 22:43:32
frib: But it is a common misconception that the only way that Bitcoin can be a useful economic vehicle is if every transaction including every exchange trade were made irrevocably immutable on the blockchain.
frib 2017-01-15 22:43:51
midnightmagic, i don't think all txns need to be on the block chain
frib 2017-01-15 22:44:01
and i am not unaware of offchain activity
midnightmagic 2017-01-15 22:44:21
frib: Well, really what you're saying is that growth is limited by on-chain transaction volume in some sense, but it obviously isn't.
frib 2017-01-15 22:44:26
i'm simply noting that of those who (for whatever reason) choose to use the blockchain, the current load is X and the capacity is Y
frib 2017-01-15 22:44:33
atm X < Y, but only slightly
frib 2017-01-15 22:44:48
midnightmagic, really I don't remember saying that
midnightmagic 2017-01-15 22:45:01
frib: So? That's essentially irrelevant in terms of what the words you said, meant. You said "at capacity."
