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    Friday, December 1, 2017

    Home Unlabelled BTC Mark Cuban: "It’s going to be very difficult for [BTC] to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?”

    BTC Mark Cuban: "It’s going to be very difficult for [BTC] to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?”

    December 01, 2017

    BTC Mark Cuban: "It’s going to be very difficult for [BTC] to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?”

    Mark Cuban: "It’s going to be very difficult for [BTC] to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?”

    Posted: 30 Nov 2017 01:22 PM PST

    Alex: "I invested in #BTC in 2013 when it wasn't cool. Then went all in in 2014 when it REALLY wasn't cool. HODLed the whole time, through the China FUD/ETF rejection/hard fork fears. It worked out. Now, I'm investing in #BCH in 2017 when it isn't cool..."

    Posted: 30 Nov 2017 06:22 PM PST

    Vinny: "I guess this is where we part ways in the philosophy. I always believed that Bitcoin was meant to be a gift to the world and everyone living in it, including poor people in Africa, where I grew up..."

    Posted: 30 Nov 2017 06:16 PM PST

    Bitcoin.com is now a top 3,000 website in the world. Visit it today to see why.

    Posted: 30 Nov 2017 09:23 PM PST

    In an alternate universe bitcoin scaled 3 years ago by increasing blocksize and is now correcting from $100'000 ATH all the while merchant adoption keeps rising at an unprecedented rate

    Posted: 30 Nov 2017 03:11 PM PST

    Since your users are so stupid can you also change Ethereum Classic to EClassic?

    Posted: 30 Nov 2017 09:52 PM PST

    1 GB Block Tests -- Scaling Bitcoin Stanford; Peter Rizun, Andrew Stone

    Posted: 30 Nov 2017 08:46 PM PST

    Visa level onchain with 4-cores and 16 GB ram. My whole understanding about scaling is false

    Posted: 30 Nov 2017 10:06 PM PST

    Bitcoin missed out on $20bn in transactions

    Posted: 30 Nov 2017 09:58 PM PST

    Cryptopia is naming Bitcoin Cash as Bcash: fraud alert

    Posted: 30 Nov 2017 10:44 PM PST

    Not that Cryptopia matters, since they have insignificant volume, but it is very strange that they rename Bitcoin Cash as Bcash while keeping names they don't think are confusing at all:

    Ethereum Classic (not confusing I suppose);

    Ethereum Dark (also not confusing I suppose, and wtf is this??);

    BitcoinPlus (???);

    Bitcoinfast (lol);

    BitcoinDark;

    litecoinPlus;

    LitecoinUltra.

    They seem also not to have a problem introducing to their NZ costumers a bunch of shitcoins never heard of before and potential scams, with names borrowed from other major crypto.

    There is no other conclusion here: as many other things related to bitcoin, another shady player comes forth against Bitcoin Cash. Their narrative is bitcoin core's.

    Fraud alert: do not use this exchange.

    submitted by /u/supersymmetry1
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    I’m waiting for Wall Street to realize BTC can only handle three transactions per second. They’re going to be like wait what this is supposed to be the future of money lol?

    Posted: 30 Nov 2017 11:17 AM PST

    In the original Bitcoin code, nodes and miners were the same thing. No such thing as non-mining "full-nodes".

    Posted: 30 Nov 2017 07:15 PM PST

    /r/btc enters TOP 1K subreddits! Good job everyone :)

    Posted: 30 Nov 2017 05:24 AM PST

    Surely they'll audit their pump and dump.... just after their 120k pending transactions clear

    Posted: 30 Nov 2017 03:08 PM PST

    BREAKING: BITFINEX PR FIRM IS ASSOCIATED WITH PONZI SCAM JETSMARTER

    Posted: 30 Nov 2017 06:55 PM PST

    Excellent Video exposing the AXA/Bilderberg funded BlockStream Bitcoin Segwit Takeover Plan: "The Truth About The Bitcoin Lightning Network"

    Posted: 30 Nov 2017 04:02 PM PST

    More bad news for the "1MB floppy forever" crowd: "Scientists Discover 'Miracle' Mineral That Could Make Internet 1,000-times Faster"

    Posted: 30 Nov 2017 09:46 PM PST

    Blockstream Core: But...but...what about the poor people with 10kb/s connection in southern Antarctica?

    https://www.forbes.com/sites/trevornace/2017/11/27/scientists-discover-miracle-mineral-that-could-make-internet-1000-times-faster/amp/

    The Perovskite mineral could transform the tech industry.

    A rare mineral discovered in Russia in the 1830′s could hold the key to boosting internet speeds 1,000 times faster than today. The mineral, perovskite, has a number of incredible properties, many of which scientists are now realizing.

    Perovskite (CaTiO3) is a calcium titanium oxide mineral, but the magic lies in this minerals ability to house many different cations in its physical structure, giving engineers the ability to modify the mineral as they see fit. While scientists have known about the mineral for quite some time, originally discovered in the Ural Mountains in Russia in 1839, researchers continue to find useful characteristics of this mineral.

    Perovskite is found in Earth's mantle has been mined in Arkansas, the Urals, Switzerland, Sweden, and Germany. Each variety has a slightly different chemical makeup, allowing for different physical characteristics. One such useful characteristic discovered in 2009 is perovskite's ability to absorb sunlight and generate electricity, a natural form of a photovoltaic cell (solar cell). The mineral is currently under development for use in solar cells, displays, and catalytic converters.

    Next Generation Terahertz Data Transfer

    Now, scientists have discovered the mineral's ability to use the terahertz spectrum in transferring data. The specific type of perovskite used is both inorganic and organic and can be thinly layered on a silicon wafer. The system's unique ability is that it uses light instead of electricity to transfer data, allowing transfer speeds 1,000 times faster than current technology.

    The terahertz band lies in between infrared light and radio frequency (100 to 10,000 gigahertz). This compares to the 2.4 gigahertz range most cellphones use today. The layered perovskite mineral can transfer data through light waves in the terahertz band using a simple halogen lamp. Using a halogen lamp, the research team found that they can modify the terahertz waves as they pass through the perovskite. This allowed the research team to encode data in the waves and transfer data 1,000 times faster than traditional electronic data transfers.

    This research builds on the previous discovery of modulating waves in perovskite. However, that required expensive and high-powered lasers which made it commercially too expensive. The new discovery utilizes simple inexpensive halogen bulbs. In addition, the team found that they can specify the color of the light to modulate data simultaneously on different frequencies. Hence, not only can they transfer data 1,000 times faster using terahertz waves, they can simultaneously activate multiple data transfers using different colored lamps.

    This technological breakthrough opens the door to using terahertz data transfer in future generation computing and communication. At a thousand times faster, this inexpensive and simple way to transfer data presents a multitude of opportunities to transform our digital lives. Unfortunately, we'll have to wait at least 10 years until it becomes commercially ready according to the authors. When that time comes, this could present a step change in computing and communication.

    submitted by /u/Gregory_Maxwell
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    What this guy said is simple logic... I don't understand why it's so difficult to comprehend for some people. If you are receiving exactly the same service, but one is 100 times cheaper, 10 times faster, twice as secure... wouldn't customers and businesses prefer that?

    Posted: 30 Nov 2017 12:11 PM PST

    If you don't have $20 BCH on your phone wallet and exchanging payments with your friends on their phones, you are missing out on an awesome feeling!

    Posted: 30 Nov 2017 10:49 PM PST

    If you think "Bitcoin" is for HODLing only - sorry, you are an absolute bore. With BCH on the phones, I look forward to find excuses to send people BCH. Maybe the next lunch I pickup the tab and ask them to pay me in BCH!

    submitted by /u/mrtest001
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    In around 10 days this sub has gone up circa 10,000 users

    Posted: 30 Nov 2017 11:44 PM PST

    I generally keep an eye on this subscribers, in around the last 10 to 14 days this sub has shot up around10000 subscribers, that's over 10%

    Now i don't want compare it to the other sub, but there's has definitely increased less than 10% from what I can see. This is great long term news for adoption and growth.

    Forget the price for now, I am down a ton for selling btc before the silly pump and buying bch when it was quite high but I really do not care, No one deserves to get rich over night and with the right outlook and work bch will be what Satoshi envisioned.

    submitted by /u/Rageuk
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    Every time a Core Shill mentions "Decentralization"

    Posted: 30 Nov 2017 02:56 PM PST

    If decentralization is so important to them, why does Bitcoin-legacy have one company that controls all development, Blockstream, and BCH has eight seven independent development groups?

    That seems to be a very important place to maintain decentralization, yet these people spout the "decentralization" talking point as if that were a factor in btc's favor, it isn't, not remotely. BCH trounces BTC on decentralization. Even mission-centralization--Core wants everyone using lightning and has crowded out all other uses. Lightning can be implemented on BCH too, but without stopping other use cases too.

    You don't think it might be a huge conflict of interest for the major Core devs to be working for a for-profit corporation that has to appease its shareholders and show earnings. The most logical thing to come out of that would be for the Core devs to use their control of the repo to put themselves in a position to rent-seek, that is to make money on transactions somehow.

    Not coincidentally, they have announced a roadmap which would force the entire BTC community off of on-chain transactions and onto the Lightning network, where they and their allies would receive the lions-share of transaction fees, to the loss of miners.

    People support Bitcoincash because it is the original bitcoin. It is not BCH that stole the Bitcoin name, it was Core, and they did it by abandoning what made bitcoin special, removing tons of features that had come to define bitcoin, and forcing the community down a development path that locked out all uses except Lightning.

    That is not bitcoin. Bitcoincash is bitcoin.

    You cannot fool the OG bitcoiners who've been here since 2012 and earlier, like myself, with this bullshit about decentralization and the changing mission of bitcoin. We lived and breathed it. We had high hopes for bitcoin and what it could do to improve the world, and it is Core that smashed them because Core wants to get rich, not change the world.

    If you're someone like me that still want to change the world for the better by taking control of money out of the hands of the elites who use it to enrich themselves at the expense of others, then support bitcoincash.

    I no longer have any confidence that Core isn't working for these exact same elites, and working against the use of bitcoin to damage the interests of the same elites.

    If you want to see the world's 5 billion unbanked poor using bitcoin to make their lives better, then support bitcoincash, because these people will never be able to afford even a single on-chain BTC transaction if Bitcoin-legacy and Core get their way.

    submitted by /u/Anenome5
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    Surprised to see Bitcoin Cash on the wall at Billie's Bier Kafétaria in Antwerp, Belgium!

    Posted: 30 Nov 2017 03:52 PM PST

    /r/bitcoin is vote brigading /r/bigbangtheory

    Posted: 30 Nov 2017 05:29 PM PST

    There are a bunch of posts on /r/bigbangtheory right now calling Bitcoin Cash a shitcoin and promoting Bitcoin Core.

    submitted by /u/4LegsGood2LegsBetter
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    archive.org donations, BTC vs BCH

    Posted: 30 Nov 2017 08:17 PM PST

    archive.org is having their yearly donation drive, and they accept both Bitcoin and Bitcoin Cash: https://archive.org/donate/bitcoin.php

    I was interested to see which community has donated more, so I used blockchair's tools to extract a list of transactions for the last 15 days (BCH was added on about Nov 15th, I think):

    https://blockchair.com/bitcoin/outputs?q=recipient(1Archive1n2C579dMsAu3iC6tWzuQJz8dN),time(2017-11-15..2017-11-30)&s=time(asc) https://blockchair.com/bitcoin-cash/outputs?q=recipient(12PRZjrLo5yqnHMmUCtPUse4kCyuneby3S),time(2017-11-15..2017-11-30)&s=time(asc)

    I exported the data as CSV and brought it into a spreadsheet so I could calculate the sum. Here's the result:

    • BTC: 45 donations, total sum $2,114.96
    • BCH: 84 donations, total sum $4,817.84

    EDIT: BTC also has 14 transactions stuck in the mempool, for about $250 more.

    submitted by /u/patrikr
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    Organic Wine Bar in Hiroshima, Japan now accepts Bitcoin Cash. Come visit the beautiful city!

    Posted: 30 Nov 2017 11:57 AM PST
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