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Freedom - A1F1 1B47 926D 2C23 8B7D 7CC7 35F9 950D 2EC7 A9FF

Most people don't even know them at all.

Replying to Avatar Flix

Bitcoin adoption scenarios.

Imagine that we are back in 2008, reading Satoshi's Bitcoin whitepaper. We attempt to predict what the future holds for Bitcoin and we imagine a number of possible scenarios. We assign probabilities to them and describe what each of them will look like in terms of adoption, users, etc.

They range from INTERNET scenario that predicts Bitcoin will follow a tech adoption S-curve to a FAIL scenario that expects Bitcoin, like most of new projects, to never take off.

With 2008 knowledge... you would probably have assigned a very large probability to FAIL, maybe up to 90%. But even if the INTERNET scenario only had a 1% probability... as Hal Finney quickly saw, the risk-reward for owning some Bitcoin was incredibly positive. The rational decision was to mine/buy some "in case it takes off" even with very little knowledge.

Now let's fast forward to the 2013 Bitcoin bubble. The price has risen to $1000+. There are maybe over 1 million Bitcoin users. We can look back at the original scenarios and adjust probabilities. The FAIL scenario, which had 90% probability now has to be completely discarded. The adoption and price action could now indicate a higher probability for the TULIP or BETAMAX scenarios... or maybe you still think that government will shut down Bitcoin like it did with E-GOLD and so assign a 60% probability to that scenario. However given the evidence at that point... you do have to raise the probability of INTERNET to at least 3%. With a 3% probability of multiplying value by millions... once more the rational decision is to have a greater than zero amount of Bitcoin.

Now imagine that you are in 2017. Bitcoin is at $20k. What probability would you assign to each scenario with the information that you had then?

How about in 2021? 2024?

Could you share your views about National-socialisms rejection scenarios?

Maybe the time is coming.

Multiple chains of signed and verified UTXOs born from coinbase transactions.

Which kind of place or which specific areas would you recommend for living without that sort of troubles?

Replying to Avatar Super Testnet

I am aware of the first problem and I note that Rene Pickhardt tried to perform this attack in 2019 with little success. He tried to take a snapshot of the balances of all routing nodes on testnet, and while he did manage to do it, it took him over 9 hours to do so. It would be an even harder task on mainnet due to the larger number of routing nodes.

Since lightning has high volume, I think you wouldn't get good days about the history of transfers on LN unless you could get snapshots of routing node balances every few seconds, rather than once per day or so.

Nonetheless, Rene did find that while it takes a long time to probe the balances of*every node,* each *individual* node only takes about 20 seconds to probe. So if you looked your attack to a single largr routing node you could probably get reasonably good data about what traffic it routes across the network.

Also, the Blinded Paths upgrade mitigates this attack. Part of the plan for Blinded Paths is to remove the distinct error messages revealed by nodes depending on whether the payment made it to its destination or had a routing failure part of the way through. With Blinded Paths, the same error message is displayed for every payment failure, which means Balance Probing as performed by Rene won't work anymore. His technique involved sending multiple fake payments through a routing node and logging whether they failed due to the routing node not having enough capacity or the recipient being unable to finalize the payment. If the latter, it meant the routing node *did* have enough capacity to forward that payment, so Rene would try again and again with larger and larger fake payments until the routing node reported an inability to forward the money, then record the prior amount of the fake payment as their latest balance. This method relies on does not work if all payment failures look the same, so the Blinded Paths upgrade should fix this.

Thank you.

1. Is also possible to snapshot individual wallet balances, addresses, transactions?

2. So not an unsolved problem anymore? When Blind Paths then?

May not it rather be titled LNproblems, or to include Tumblers and DLCs, L2problems instead?

Btw nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s did you know the first one? May that be considered analog to xmr poised txs?

Nah, fuck monuments, specially these made to primates. The natural universe is enpugh cypherpunk itself.

What if block lists were importable/exportable? It is the model of adlists and it works pretty well. It could even create space for a market for fined lists financing edge updates.