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    Sunday, December 17, 2017

    Home Unlabelled BTC Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name."

    BTC Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name."

    December 17, 2017

    BTC Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name."

    Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name."

    Posted: 16 Dec 2017 01:28 PM PST

    Bitcoin Cash Logo Animation GIF. Feel free to use.

    Posted: 16 Dec 2017 01:52 PM PST

    Bitcoin ATM operators know what the real Bitcoin is.

    Posted: 16 Dec 2017 06:13 PM PST

    It seems like Coindesk is trying real hard to avoid Bitpay blog post about adding BCH and making it default currency. I wonder what motivates Digital Currency Group to do that.

    Posted: 16 Dec 2017 07:29 PM PST

    You bastards have gotten into my head.

    Posted: 16 Dec 2017 10:48 PM PST

    Just went and bought some BCC, Lightning network seems shady AF.

    submitted by /u/woke_in_NZ
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    Washington Post: "bitcoin [core] transactions, once free, are increasingly expensive, with fees now averaging $20 and reaching as high as $400, based on demand"

    Posted: 16 Dec 2017 07:40 PM PST

    Invested over $1m Into BCH

    Posted: 16 Dec 2017 10:54 AM PST

    Hey /r/btc! I'm Shingo Lavine, CEO of Ethos.io and we have diversified a large portion of our portfolio into XMR and BCH.

    I would cross post this over in /r/bitcoin, but I'm pretty sure it would get removed so here I am!

    For the longest time, I was a follower over at /r/bitcoin. I was always skeptical of the "cult ideology" that seemed to live over there. Not much in the way of intellectual discussions mostly just memes about how expensive Bitcoin is, how great Segwit is and how "stupid those big block Bcash people are".

    What happened? While Bitcoin is decentralized, information around it is not. As Bitcoin grew in popularity, people unfamiliar with the markets began to flood into media, social and reddit channels with little-to-no background and no educational resources. It seems most people who are buying Bitcoin today are unfamiliar with how Bitcoin works - or even how to set up a Bitcoin wallet!

    But you can't really blame them - there was no one to guide them. To me this presents an opportunity that desperately needs to be filled. We are on the cusp of mass adoption, yet we still struggle with education, branding, ease of use and scalability.

    For a little more color on this issue, I recommend watching this video: https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be

    Bitcoin still amazes me - even to this day. The incredible amount of forethought that went into it - there really just isn't anything else like it. /r/btc represents the ideals, the ethos if you will, of Bitcoin living on.

    At Ethos.io we are trying to tackle many of these issues. Education, ease of use and access are deeply important to our mission. We are trying to take all the positive pieces of cryptocurrency and tie it in with our brand and product ecosystem. Why is it that we hear about Bitcoin and cryptocurrencies being connected to money laundering, drug dealing and other atrocities rather than financial empowerment or financial access to the unbanked? We in the crypto community are not telling our own story effectively enough, if we truly believe in the founding ideals of Bitcoin and cryptocurrency in general. At Ethos we want to be a part of fixing that.

    We are building a set of services to broadly accelerate adoption of blockchain technology. One thing that is core to what we are doing is a wallet where YOU control the private keys, but also is easy enough for your grandparents to use. We are also building a fiat gateway with a unique legal model to offer additional options in as many OECD jurisdictions as possible (U.S., EU, Japan, Korea, Singapore etc.). Support for BCH in both our wallet and the fiat gateway will be important to us.

    The Ethos platform will also be a place for people to learn about crypto more broadly. I think it is extremely important for people to be educated on the truth about many things in this industry. People should understand why BCH isn't just a "Bitcoin clone" and why XMR is the ONLY truly private currency. Yup, the only one.

    Keep it up /r/btc! Big believer in what Bitcoin Cash stands for.

    Edit: Proof

    -----BEGIN BITCOIN SIGNED MESSAGE----- /u/ethos_io is Ethos.io official reddit account -----BEGIN SIGNATURE----- 1XCVsSgGWs2E3k8Qurqhhgu9XGYzxeJ2H H3F1rlqs6Rz2vd4Vw2QpwiTKd7rEwnj/n8ARMxs9LrLsGUxQQmt1JR9l0dNGIF/AzWjGUL9laleG2PWFcl6O1KY= -----END BITCOIN SIGNED MESSAGE-----

    submitted by /u/ethos_io
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    Vaultoro (the most transparent exchange out there with user-verified crypto and gold reserves) says they will implement Bitcoin Cash!

    Posted: 16 Dec 2017 04:49 PM PST

    Bitcoin Cash - Green Logo (instead of orange)

    Posted: 16 Dec 2017 11:56 AM PST

    I'd like to see the Bitcoin Cash leadership officially endorse the switching of all Bitcoin Cash logos worldwide to GREEN instead of ORANGE, to further distinguish this cryptocurrency from Bitcoin Core's disaster cryptocurrency. Let them have orange, we have green.

    Plus, it will help consumers better distinguish between the 2 cryptocurrencies in the marketplace.

    And, green is a MUCH BETTER color to represent cash instead of orange.

    Also, green is a MUCH FRIENDLIER color as well... it represents most of the good things in society: nature, "go" at a stoplight, cash, etc.

    Let's make the official switch to green, so we can be done with this orange color for good.

    submitted by /u/scotty321
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    Emil: "My prediction: After January 2018, BTC will seldom be used for commerce and most will adopt BCH or other cryptos."

    Posted: 16 Dec 2017 06:00 PM PST

    Haipo (ViaBTC CEO): "Bitcoin Cash is Bitcoin [...] "

    Posted: 16 Dec 2017 04:18 PM PST

    r/bitcoin & its core minions share fake malware warning about bitcoin.com wallet

    Posted: 16 Dec 2017 08:56 PM PST

    Roger Ver was NOT selling explosives on ebay, he was selling fireworks.

    Posted: 16 Dec 2017 04:52 PM PST

    He was selling M80 clones on ebay in the year 2000 and got pinched for stepping to far over the grey line that seperates explosive and firework. He was selling these. Trolls use the word FELONY to trick people into thinking he is some kind of terrorist, truth is he was just selling fireworks without considering the laws regarding them.

    submitted by /u/DanTheManWithDaPlan
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    BCH overtakes BTC in terms of blocksize in use

    Posted: 16 Dec 2017 11:39 AM PST

    McAfee says BCH cannot lose.

    Posted: 16 Dec 2017 07:52 PM PST

    This is McAfee talking about Bitcoin Cash at about the 44:40 min mark. He says it cannot lose... streamed today...

    https://youtu.be/2uhPnOyBHQs

    submitted by /u/VeganBeefcake
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    The lead developer of Monero won't answer my questions because I'm a Bitcoin Cash supporter.

    Posted: 16 Dec 2017 11:57 AM PST

    Bitcoin Core is a burning platform ��... Bitcoin Cash is your lifeboat folks!

    Posted: 16 Dec 2017 11:42 PM PST

    A warning to Wallet developers on the Blockstream LN efforts goals.

    Posted: 16 Dec 2017 03:27 PM PST

    Forgive my English, I'm Chinese.

    It is my strong believe that If Bitcoin Core succeed your software development efforts will become useless. Let me explain.

    Most of the people using your Bitcoin Wallets have a small amount of Bitcoin. While LN is a promise for users to be able to transact with low fees, this will not work as everyone expects.

    Users will have 2 choices. To keep using the current Bitcoin wallets developed by you, or to use hosted services similar to Paypal to work as their wallets.

    Users will be pushed to the second option, hosted services because fees will be much much lower. A user on a hosted service wont need to deal with opening, closing and watching over payment channels. The hosted service will do all for the users and minimize payment channels costs as there is only need for 1 payment channel for all users.

    As result 90% of users of Bitcoin Core will leave your Wallets in favor of a hosted service.

    Some wallet developers are monetizing via Shapeshift like Coinimi, If Blockstream succeed it is over. They will have control of everything. Miners will also become irrelevant. I will do a second post on how Blockstream plan will end up with miners out of business.

    Consider the importance of supporting Bitcoin Cash only, in this case, Wallets are the main tool for people wanting to transact with Bitcoin.

    submitted by /u/Mikeroyale
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    Adding zero knowledge to Bitcoin Cash by Amaury Séchet

    Posted: 16 Dec 2017 04:42 PM PST

    It’s happening: The economic principle “Substitute Goods” in action. Bitcoin Cash is being used more because Bitcoin is prohibitive.

    Posted: 16 Dec 2017 09:10 PM PST

    I cannot afford to mine Bitcoin Core. I am forced to mine Bitcoin Cash. Bitcoin core causes far more mining centralization than on-chain scaling..

    Posted: 16 Dec 2017 04:08 AM PST

    I don't trust pools because of what happened to nicehash. (Got hacked). Therefore I have to pull out my profits every day. I make about 80$/day mining btc and 90$/day mining bch with the current prices.

    With bch, I can pull out daily, no problem. With btc, I am looking at a recommended fee of 20$/day. That's 25% of my profit!! Absolutely insane! The only people that can afford to do a daily pull to a multisig wallet are the people with thousands of miners.

    I can only conclude that small blocks (Bitcoin core) causes complete mining centralization into the hands of a few big corporations and strips power from the people like me who are trying to break into the market.

    submitted by /u/Habulahabula
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    BuyVM now accepting BCH!

    Posted: 16 Dec 2017 05:37 PM PST

    Is anyone else noticing that Bitcoin Core is actually becoming dependent on high fees for its hashrate?

    Posted: 16 Dec 2017 09:02 AM PST

    Over the last 2 weeks Bitcoin Core has been spending about 2.5BTC in fees per block. This has given them a temporary hash power boost which increased the blocks/hour to about 7. Over two weeks this is 300 extra MB that could not possibly have been processed without the extra fees. To put how important that extra 300MB is to them, the mempool currently is sitting around 175MB.

    Now in two days difficulty resets and the effect of the 2.5BTC per block will be priced in. At that point blocks will drop down to 6/hour. I posit that this will cause the backlog to increased by an extra 24MB a day. This will grow until fees rise high enough to speed up the block times again.

    In short I believe the congestion is reaching the point where BTC is entering a feedback cycle where high fees are becoming the new normal. This shouldn't be a surprise to anyone who knows that Blockstream has been pushing for this "fee market" where the very functionality of BTC depends on high fees.

    submitted by /u/_High_Energy
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    Bitcoin.org sadly claims BTC transactions can have 'zero fees' in almost every language other than English. Just another reason how Bitcoin Cash is Bitcoin.

    Posted: 16 Dec 2017 09:55 AM PST

    "2009-2013 Everyone knows Bitcoin is a CURRENCY. 2014 IRS dictates that Bitcoin is a COMMODITY. 2014 Blockstream is formed and tries to morph Bitcoin into a COMMODITY. 2017: Every real Bitcoiner knows the IRS is wrong. Bitcoin is a CURRENCY and #BitcoinCash is the real Bitcoin."~Roger Ver

    Posted: 16 Dec 2017 07:08 AM PST
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