Ramon Quesada - News 🌷

less chance of ever being hijacked than anything that has ever been created. There's a recent paper on routing in Bitcoin. It's wrong. Not because you can't hijack ASNs but because there are so many links. You can knock a node off and attack an individual, but you don't need to take over an ASN to do that. Now, what they also failed to say is, if you did that attack, you would take over 99% of commercial Internet providers. You would take over every military network on Earth. You would take over all of the telecomms' links. And do you think attacking all these core routers and doing that will be allowable just because it's Bitcoin? I mean, honestly forks, to attack these routers and take over the core BGP systems. Well, not going to happen. Yes, ISPs can make you part of the... they can prune you. Uses your phone, use 3G. Whatever. Multi-home. So, it is a semi-complete ring. It is actually bigger than a small-world network. These transaction graphs people keep doing are not Bitcoin. They are how economics works. When you have a transaction graph of transactions going from party A to B to C to D, that's how people spend money, not how nodes connect. Have we not thought about that? You can't model Bitcoin looking at how transactions flow between addresses. You look at the connectivity from the nodes. There are 1.2 million edges just over on the Bitcoin network right now. The entire UASF pool has 36,500 edges. Any idea what effect they have? Well about 0.3%. They can point three percent the network as they isolate themselves and do nothing. As I said, I have no idea how the hell we're going to get it out. We're going to start doing something to get... Jimmy and others will have others will have fun trying to arrange this, I've just got shitloads of data. There's petabytes. I have no idea how the hell we're going to distribute it; that's other people's problems---I'm good at making those. So we have data going back to January 2009. It's been captured since then, right down to network dumps and the works. Scale, growth, and vision: we need to scale! We need real leadership. There should be no king in Bitcoin; there will be no king in Bitcoin. We are a community, and it is time we start acting like one. There are a few things happening. And they'll become very public very soon, but Jimmy and things will get really upset if I start talking about them now. So blame Jimmy. Everyone, that's Jimmy. Ok, we need sustainable operations; we need innovations; we need to attract companies. Not like Luke [Dashjr?] and his, "oh, we want to keep away these companies." We need to attract companies. We want banks to use Bitcoin. And if you don't, then I don't care---I'm going to make it happen. Very simple: you don't like it, find an altcoin and compete with me. Split off Bitcoin and compete with me. And we're going to compete hard. Coopertition [sic; portmanteau of cooperation and competition]: you can help us, you can try to harm us, but at the end of the day, I want fee-based controls. I want people to use Bitcoin as much as you want them to. We want this global. I don't a few geeks using Bitcoin. I want my grandmother buying her gum or whatever else on Bitcoin. When that happens, when some small individual who doesn't matter to most of us uses Bitcoin, it succeeds. I was Ghana a few years ago. In Ghana, you see these half-built houses. And people are proud of them. Any idea why people have all these half-built houses? Well, no bank mortgages, but it's also saving. They go out there every now and again; they buy a bag of cement, they buy some more bricks; and they build another wall. They can't sell the house until it's finished. But it's an incentive. They can then invest and save. Right now, they can't use a bank. They can't hide money, because it'll be stolen. They'll be extorted. Bitcoin means that they have a real alternative. It is proper financial sovereignty. Not because they run a bloody node, but because they have their keys. One of the things we have coming very shortly, it's in our first lot of patents coming out, we have a sp

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