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    BTC Honest Opinion: I hate both subs

    December 28, 2017

    BTC Honest Opinion: I hate both subs

    Honest Opinion: I hate both subs

    Posted: 27 Dec 2017 11:10 AM PST

    (Gonna post this on both r/btc and r/Bitcoin and yes it may did get deleted on r/bitcoin, i get it)

    I used to only look at r/Bitcoin until BCH forked off, then I began frequenting both while thinking r/btc was stupid. I began to dislike r/btc more and more as time went on as it seemed to be a place where the narrative was "Post about being done with core/how fees were high/how BCH is the real bitcoin/spam places and put posters all over saying BCH is bestcoin"

    Every day r/btc seemed the same to me, posts about BTC sucking and BCH being the best, so I never found any value here. However recently I've become extremely turned off by r/bitcoin as well. It seems like no one understands what BCH is and just thinks of it as a "devil coin by the evil roger ver who has power over everything BCH and will dump it all eventually"

    r/bitcoin silences opposing views, pushing all BCH supporters over to r/btc, causing r/btc to become an echo chamber for BCH while forcing r/bitcoin to become an echo chamber for BTC

    Its ridiculous and very much reminds me of politics where the left and right think of each other as stupid.

    I think both subs are doing a discredit to crypto and are just harmful. I hold both coins and will continue to do so.

    Just needed to put this out there

    submitted by /u/Dainathon
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    This.... this did not age well.

    Posted: 27 Dec 2017 10:30 PM PST

    You can ship $10,000 worth of real GOLD from Zurich to London for $15 (or $15 + 1.5% with insurance)

    Posted: 27 Dec 2017 05:17 PM PST

    The Tor Project on Twitter: "We accept Bitcoin Cash through @tipprbot"

    Posted: 27 Dec 2017 02:40 PM PST

    Bitcoin was never designed to be 1 user 1 vote. Its design is 1 cpu 1 vote, where a cpu is an economic resource that cannot be sybil atttacked. Bitcoin is not a mesh or a democratic system. You don't vote with raspberry pi sybil nodes, you vote with capital.

    Posted: 27 Dec 2017 05:23 PM PST

    Roger Ver on Twitter: "Limiting block space has already caused far more centralization than what needing more expensive full node hardware would have."

    Posted: 27 Dec 2017 04:08 PM PST

    Bitcoin Core Logic

    Posted: 27 Dec 2017 11:05 AM PST

    South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify

    Posted: 27 Dec 2017 08:02 PM PST

    Updated (Dec 2017). A collection of evidence regarding Bitcoin's takeover.

    Posted: 27 Dec 2017 08:50 AM PST

    REPOSTED AS TITLE WAS INCORRECTLY PHRASED.

    A month back on November 22 I posted this https://www.reddit.com/r/btc/comments/7eszwk/links_related_to_blockstreams_takeover_of_bitcoin/

    I have added a lot more links now, please give feedback on what else I could add for next time I will add (few weeks/month).

    1. The history between r/btc and r/bitcoin Archive link

    yours.org link

    1. A brief and incomplete history of censorship in /r/Bitcoin Archive link

    2. User posts on r/bitcoin about 6900 BTC that /u/theymos stole, post gets removed. Archive link

    3. Go to /r/noncensored_bitcoin to see posts that have been censored in /r/bitcoin

    4. Theymos caught red-handed - why he censors all the forums he controls, including /r/bitcoin Archive link

    5. User gets banned from /r/bitcoin for saying "A $5 fee to send $100 is absolutely ridiculous" Archive link

    6. Greg Maxwell caught using sockpuppets Archive link

    7. Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively" Archive link

    8. Remember how lightening network was promised to be ready by summer 2016? https://coinjournal.net/lightning-network-should-be-ready-this-summer/ Archive link

    9. rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains Archive link

    10. "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO Archive link Twitter proof Twitter Archive link

    11. September 2017 stats post of r/bitcoin censorship Archive link

    12. Evidence that the mods of /r/Bitcoin may have been involved with the hacking and vote manipulation "attack" on /r/Bitcoin. Archive link

    13. r/bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" Archive link

    14. In January 2017, someone paid 0.23 cents for 1 transaction. As of December 2017, fees have peaked $40.

    15. Death threats by r/Bitcoin for cashing out

    16. Bitcoin is a captured system

    17. Bot attack against r/bitcoin was allegedly perpetrated by its own moderator and Blockstream's Greg Maxwell

    18. Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".

    19. Bitcoin Cash has got nothing new.

    20. How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC More evidence

    21. Even Core developers used to support 8-100MB blocks before they work for the Bankers Proof

    22. /r/Bitcoin loves to call Bitcoin Cash "ChinaCoin", but do they realize that over 70% of BTC hashrate comes from China?

    23. /r/bitcoin for years: No altcoin discussion, have a ban! /r/bitcoin now: use Litecoin if you actually need to transact!

    24. First, they said they want BCH on coinbase so they could dump it. Now they are crying about it because it's pumping.

    25. Luke-Jr thinks reducing the blocksize will reduce the fees..

    26. Core: Bitcoin isn't for the poor. Bitcoin Cash: we'll take them. Our fees are less than a cent. Core: BCash must die!

    27. How The Banks Bought Bitcoin. The Lightning Network

    28. Big Blocks Can Scale, But Will It Centralize Bitcoin?

    29. "Fees will drop when everyone uses Lightning Networks" is the new "Fees will drop when SegWit is activated"

    30. Adam Back let it slip he hires full-time teams of social media shills/trolls

    31. The bitcoin civil war is not about block size; it's about freedom vs. authoritarianism

    32. Why BCH is the real Bitcoin

    33. We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™

    34. We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™

    35. Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.

    36. A explaination why Core's vision is different from the real Bitcoin vision

    37. The dangerously shifted incentives of SegWit

    38. Lighting Network was supposed to be released in 2016

    submitted by /u/thepaip
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    Jameson Lopp: Bitcoin Cash more closely resembles the Bitcoin whitepaper

    Posted: 27 Dec 2017 02:17 PM PST

    Update from the developers of TXHighway

    Posted: 27 Dec 2017 06:54 PM PST

    First of all I'd like to thank this amazing community for all their praise, suggestions and donations when we first went live with TXHighway (OP - https://www.reddit.com/r/btc/comments/7l07uu/life_is_a_highway/). Also a big thank you to BTC.com (https://btc.com/) and Bitzillions (https://classic.bitzillions.com/satoshibones) for purchasing ad space, your support is very much appreciated and will go a long way!

    We have taken a whole heap of the suggestions on board and have just gone live with an update that has some new features.

    • Shows number of tx off-screen/queued
    • Added gantries showing fees (signs that go over a highway)
    • Added horn sounds
    • Improved layout for mobile phones
    • Transactions in the tx list are now clickable and link to the TX on BTC.com
    • BTC.com and Bitzillions (Satoshi Bones) have their own billboards
    • Satoshi Bones vehicles drive past when someone plays and when someone wins
    • And a bunch of bug fixes and visual improvements

    For those who weren't aware, aside from all the little details (tabs, no2x, whitepaper etc) there is another easter egg that is pretty well hidden, there was only a few people who I know of that actually found it. Lets see if someone here can activate it and point out how... and prepare yourself for a good laugh.

    Again, thanks for all the support!

    Much love, porlybe and maplesyrupsucker

    EDIT: Oops... forgot to include a link.... http://txhighway.com

    submitted by /u/porlybe
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    Let’s focus on BCH/Bitcoin Cash and Not mention r/bitcoin any longer.

    Posted: 27 Dec 2017 10:38 PM PST

    I've been involved with bitcoin since I heard about it in 2010 and got more serious with it in 2013. Here we are in 2017 almost 2018 and many things have happened. The successful bitcoin fork known as bitcoin cash has become a viable cryptocurrency that continues to gain support, since it follows the original bitcoin vision from Satoshi's whitepaper.

    We should all focus on making bitcoin cash the best crypto it can be and no longer waste any energy talking about the other subreddit or their views. As far as I see it they have to be left alone to suffer their own ends. Lets focus on discussing more solutions and optimizations for bitcoin cash, more merchant adoption, more services etc.

    We have a useful cryptocurrency that can be used as money and will continue to gain momentum as it used more and more by humans all over the world.

    Too much energy in this sub is wasted on discussing the "other" sub and frankly it's negative vibes are not helpful. So my call to all Satoshi whitepaper believers that believe in bitcoin's original purpose as a currency is to be positive and discuss things to improve crypto overall for BCH and it's soon to be massive ecosystem.

    Who's with me?? Positivity brings positive results and productivity in my opinion. Bitcoin Cash as modern currency!

    submitted by /u/shinobi189
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    We've beaten Blockstream and Bitcoin Segwit on second layer scaling solution!

    Posted: 27 Dec 2017 09:57 AM PST

    Tipper bot transactions are not Bitcoin Cash transactions: they are actually our widely used 2nd layer scaling solution!

    Tipper bot is a trustful and centralized payment method developed over Bitcoin Cash, which is hardly worse than Blockstream's federated sidechains, that are also trustful and centralized!

    But contrary to federated sidechains, it is much simpler, has a much broader reach, as anyone with a Twitter or Reddit account can receive from it, and most importantly, doesn't cost thousands of dollars to maintain, paid directly to Blockstream.

    And the biggest irony: such thing can only work on a low fee and predictable confirmation time blockchain, otherwise nobody would be funding the tipper bot nor cashing out.

    submitted by /u/lcvella
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    Joseph Goebbels can easily explain why Core supporters seem so dumb in their beliefs

    Posted: 27 Dec 2017 10:42 PM PST

    This is Joseph Goebbels, Hitler's Propaganda Minister, on what good propaganda is:

    Propaganda should be popular, not intellectually pleasing. It is not the task of propaganda to discover intellectual truths.

    There was no point in seeking to convert the intellectuals. For intellectuals would never be converted and would anyways always yield to the stronger, and this will always be 'the man in the street.' Arguments must therefore be crude, clear and forcible, and appeal to emotions and instincts, not the intellect. Truth was unimportant and entirely subordinate to tactics and psychology.

    • Joseph Goebbels, Essay on Propaganda
    submitted by /u/NilacTheGrim
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    Time to pump! 50m tether printed!

    Posted: 27 Dec 2017 09:23 PM PST

    I love that this sub promotes the mentality of spending the coin while r/bitcoin only knows to HODL!

    Posted: 27 Dec 2017 04:08 PM PST

    How do they not realize that if everyone holds, coin is practically useless (not that is not useless now lol)

    submitted by /u/jonbristow
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    /r/Bitcoin says bitcoin should not be used as a currency. Unbelievable.

    Posted: 27 Dec 2017 12:16 PM PST

    Bitcoin Cash VS Bitcoin on a 1.45$ game from Keys4Coins

    Posted: 27 Dec 2017 10:57 AM PST

    ”I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is,we can't take it violently out of the hands of government,all we can do is by some sly roundabout way introduce something that they can't.” — Hayek 1984

    Posted: 27 Dec 2017 08:21 AM PST

    IDEA!: A brick and mortar bitcoin cash arcade where the "tokens" are BCH.

    Posted: 27 Dec 2017 05:04 PM PST

    You could buy BCH at the "change machine", and scan the QR code at the machine to play the game. The game cabinets could be "dummy terminals" connected to a server in the back. It would be a semi-familiar type of transaction, and you could advertize that the tokens could be used to buy other goods and services IRL. It could be a dedicated arcade, or one attached to another business, like a bowling alley or a convenience store.

    submitted by /u/copycat042
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    If you don't really understand the block size issue, I know it's fun to troll but PLEASE actually take a minute and understand it beforehand. (Wall of text explaining block size)

    Posted: 27 Dec 2017 10:23 AM PST

    PLEASE don't be like this guy, posting graphs demonstrating you don't understand what's actually happening with the block size issue. If you want to understand the block size issue, please listen. I sincerely want to help you and will try and explain things as best I can.

    Step one is just to look at this graph. Just focus on the orange line and the blue lines. What you should see is that the "block" size for BTC (orange line) has been pegged at 1MB for a long long time. This means that every processed BTC block is at 100% capacity.

    What actually is a block? It's just a chunk of computer memory. However, ALL Bitcoin transactions, every time some person sends another person bitcoin, HAS to fit into the current block (or at least eventually fit into one....) and it's the job of the 'miners' to create new blocks of whatever that size is. This block creation takes on average 10 minutes, sometimes way more or less, but don't stress about that part. For Bitcoin BTC the size is 1MB, which you saw from the graph. When a miner finds the right data to create a 'valid block', they record all the currently pending transactions into that block, until it fills up. When it does that, those transactions are considered valid.

    Got it so far. Ok. Now because there are so many transactions currently pending, people have to pay MUCH higher fees to ensure their transactions gets into that 1MB block the miner just found, because of course if you pay more, the miner gets that fee for adding your transaction into the block.

    But, you tell yourself, "Aha that means Bitcoin is really popular!" Yes, it is, really really popular in fact! BUT that means it's now so popular that it can't be used the way it was designed to be! When you hear about "the mempool" what you're hearing about is all those transactions which aren't getting into blocks, and sitting around waiting. Why are they waiting? They didn't pay the current (higher and higher) fee needed to get into that little 1MB block. Some people want to send $25 to a family member. Would you pay the $10-20 now necessary for that? Probably not.

    Now, we know, lightning network, someday, MAYBE will fix this issue. Unfortunately some have been talking about this for literally years now. But you know what's proving right now that it works? Raising the block size, which is what Bitcoin Cash or BCH does. Not to some obscene level, just 8MB. Like, the amount of RAM a computer had in 1995. And it was done because it was NECESSARY, and unfortunately, BTC is proving that with every full block produced.

    Now look at the blue line in that graph which shows BCH blocks. It is sometimes above this magic 1MB level, sometimes it's almost 0. This is how a healthy coin is supposed to look, sometimes spiking up, but not never pegged at its limit. Looking closer, does that mean BCH could have gotten away with a 2 or 3MB block size? Probably, for now. But 8MB was a safe bet, meaning no 'forks' or changes to the core code would be needed for the foreseeable future. If a big event happens (some country goes through major inflation, or BTC just tanks temporarily) the BCH blocks will have room to fit YOUR (and everyone else's) transactions without needing to charge an arm and a leg.

    Another (more modern) analogy if you still want one: Imagine if you have a phone with 1GB of RAM. After your OS and security software, etc, you have enough memory left to run ONE application, like your banking app, your email client, your web browser. Switching between them is PAINFUL and maybe sometimes it crashes completely. Now imagine you could get a (somehow cheaper) phone with 8 times the memory and the same apps can now run quickly and at the same time. This is because there is no need for virtual (on-disk) memory to kick in and slowly switch in the new app you want to use (this is called paging but is beyond the scope of this example). Why would you keep using that 1GB phone?

    This is not a perfect analogy, but if you're trying to understand why people like BCH because of its on-chain scaling (putting all needed data into the blocks), that's the best analogy I could come up with. There are so many other issues to explain like segwit and so forth but this is already long enough.

    In closing, most of us do NOT hate BTC, we hate how BROKEN it is when the solution to fix it exists right now! If you've read this far, thank you for listening and I hope we can begin to have a productive dialog in the comments.

    submitted by /u/astyfoo
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    Could Bitcoin BTC's high fees permanently freeze out addresses with low balances? If Blockstream turns BTC into a settlement layer with $1,000+ transaction fees, that would permanently freeze & strand any address with less than $1,000 in BTC. Poor people would get wrecked.

    Posted: 27 Dec 2017 04:25 PM PST

    Use tippr to send BCH through SMS

    Posted: 28 Dec 2017 12:54 AM PST

    Would be cool if we could use Tippr through text messages like SMS/whatsapp or FB messenger!

    Would it be possible ?

    submitted by /u/coinfeller
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    WARNING: Do not use the Bitcoin Cash Wallet by Freewallet. It stole my coins!

    Posted: 27 Dec 2017 01:04 PM PST

    I had that wallet on mobile, just for BCH, as I use desktop wallets.

    I login today and I see a transfer out of my wallet. Im pretty tech savy and I know there's no malware on my mobile.

    After googling a bit I found out A TON of users complaining about Freewallet.

    https://bitcointalk.org/index.php?topic=1963839.0

    https://www.financemagnates.com/cryptocurrency/news/freewallet-founder-calls-reports-stolen-8m-ethereum-fake-news/

    https://np.reddit.com/r/Bitcoin/comments/6p1nct/bitcoin_stolen_from_freewallet_wallet/

    Just google yourself.

    I'm pretty bummed right now :(, but it is a lesson.

    submitted by /u/silver_light
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    Help me understand why Bitcoin core is leading Bitcoin Cash.

    Posted: 27 Dec 2017 09:48 PM PST

    I can't for the life of me figure out why people are backing Bitcoin core with its slow ass processing time and huge fees over Bitcoin Cash. Why would you pay so much for something with such low usefulness? Is it all based on the hope that lightning network will fix everything? News flash: LN isn't going to be here anytime soon and even if it does ever arrive it will not be accepted by mainstream IMO. Really, I have to store my coins on an open payment channel? No thanks! Or is it just pure ignorance from all the newbies just getting into crypto investing trying to get rich not understanding the technical issues facing Bitcoin core?

    I think the next 12-24 months are going to be quite a ride for the crypto world and we'll see a new king be crowned, hopefully it's BCH the real Bitcoin.

    submitted by /u/Phantomftr
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