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    Monday, December 4, 2017

    Home Unlabelled BTC 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".

    BTC 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".

    December 04, 2017

    BTC 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".

    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".

    Posted: 03 Dec 2017 02:39 PM PST

    I'm finding that "history lessons" are needed more and more, as thousands of new people swarm into crypto and land on the highly one-sided, heavily censored bitcoin sub. There are even misinformation "reps" like bitusher in r / BitcoinBeginners blatantly lying to people that are new. As a result, these newcomers have no understanding of the original purpose of Bitcoin nor its raison d'etre.

    Roger puts himself out there. But Roger is neither our "leader" nor our "figurehead". He's an individual. An individual with strong ideals who doesn't do this for the money because he is already staggeringly wealthy from Bitcoin. He supports this movement because he is (and always has been) an outspoken advocate of financial sovereignty, freedom of speech, and freedom from tyranny.

    Bitcoin Cash is a technical solution to a technical problem that has been ignored for too long. A problem that individuals, business, and miners have presented to Core with both urgency and utlimately anger, since 2012. Gavin Andresen, Satoshi Nakamoto's right hand man has stated publicly that "Bitcoin Cash is the Bitcoin" he was working on in 2010. Vitalik Buterin, founder of Ethereum has publicly called out mods of r/Bitcoin for censorship of Bitcoin Cash. As far back as 2012 Gavin was expressing serious concern about the Core Dev team as being both "ineffective and unproductive as egos were too big, and infighting was more prominent than forward progress" (paraphrase).

    Understand something:

    Bitcoin Cash proponents are people who actually care about Bitcoin and why it was made. These are people who had dreams of Bitcoin bringing financial sovereignty to countries whose Governments steal citizens money right from their bank accounts without asking permission. Andreas Antonopoulos used to speak of Bitcoin bringing Banking to the poorest in the world. Companies were being built to swoop into Africa and bring micro-transfers to the SMS financial system that currently services hundreds of millions there.

    The attack on Bitcoin has been under way since 2012. And it hasn't been from Bitcoin Cash. The attack was the "opportunity cost" inflicted on Bitcoin by an apathetic and out-of-touch development team that wouldn't enhance it. Fidelity came and went. NASDAQ came and went. Patrick Byrne - Bitcoins biggest fan, wanted to build the first decentralized stock exchange atop Bitcoin but found it too slow and expensive to coopt.

    BitWage was created to enable salaries in Bitcoin and begin the much needed "closed-loop" system that would enable people to be paid in bitcoin, and in turn pay rent, buy groceries, and one day pay taxes in bitcoin. Never needing to cash out to Fiat. These are the dreams of those who support Bitcoin Cash. This is why there is such passion behind this movement.

    What does this have to do with Roger Ver? Nothing.

    The first wave of Bitcoin Cash adoption has already begun. And its coming from Merchants. Merchants who've become unable to conduct business with BTC due to high fees and 24+ hr transaction times. Cores failure to keep Bitcoin relevant and functional is the reason Bitcoin Cash is seeing any success at all with Merchants and users. Bitcoin Cash never needed to exist. It exists because of Core.

    Before the shit finally hit the fan, Brian Armstrong, CEO of Coinbase flew to meet with Core developers to try and finally get a solution in place. He walked away from that meeting declaring: Having Core as the only Dev Team is Bitcoin's Biggest Systemic Risk:

    He wrote:

    "The Core team contains some very high IQ people, but there are some things which I find very concerning about them:"

    1) Some of them show very poor communication skills or a lack of maturity — this has hurt bitcoin's ability to bring new protocol developers into the space.

    2) They prefer 'perfect' solutions to 'good enough'. And if no perfect solution exists *they seem ok with inaction*, even if that puts bitcoin at risk.

    3) They seem to have a strong belief that bitcoin will not be able to scale long term, and any block size increase is a slippery slope to a future that they are *unwilling to allow** .*

    "Even though core says they are ok with a hard fork to 2MB (they have it on their own roadmap, just very far in the future), they refuse to prioritize it. They prefer to withhold something that could help the network now, because they don't trust the community to make educated decisions in the future"

    Bitcoin Cash is the solution to the problems Brian outlines above.

    Bitcoin Cash exists because of Core. Not because of Roger Ver.

    Bitcoin Cash solves a problem that has remained unsolved for too many years.

    submitted by /u/BitttBurger
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    In response to my post the other day about contacting the WSJ to write an exposé on Blockstream, a journalist from a major online media company has contacted me and asked for more info.

    Posted: 03 Dec 2017 01:35 PM PST

    Please share any good links you might have, similar to this one, that detail the suspicious and controversial actions taken by Blockstream and related compatriots over the years.

    I will direct the journalist who contracted me to look at the links posted here so they can decide if there is a story.

    To maintain anonymity for everyone's safety, I will not be identifying the journalist or the media company.

    submitted by /u/sgasgdsgbdsg
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    I found the abstract for Adam Back's forthcoming paper on Blockstream Tabs.

    Posted: 03 Dec 2017 09:15 AM PST

    Bitcoin Cash Merchant Adoption Blitzkrieg - Day 1 - 4 Dec 2017

    Posted: 03 Dec 2017 08:31 PM PST

    As many of you know, the Accept Bitcoin Cash initiative site has launched thanks to the hard working Accept Bitcoin Cash team.

    However it's not enough to rest on our laurels and post Vegeta memes all day hoping for the price to go up. We've got some major catching up to do. What we need to do is focus on massive merchant adoption. Bitcoin Cash is only useful as a store of value if you can actually buy things with it. The only way that happens is by letting merchants know that we want to pay them with Bitcoin Cash and that we're prepared to do so.

    Bitcoin Cash actually benefits from being a functional network, unlike Bitcoin Legacy with its high fees, congestion and Tab payment mechanism which is always 18 months away. Bitcoin Cash has a lot of good selling points, even more so than most other cryptocurrencies if you actually research their fundamentals. Any merchants currently supporting BTC should be able to support Bitcoin Cash with a few tweaks to their software.

    So the plan is each day we have a new merchant/service/exchange we want to target together in a coordinated campaign. We can start with some of the biggest global ones first so the network effect grows faster. All we need to do is send one tweet each asking them to support Bitcoin Cash. It will only take a few seconds of your time. We need everyone involved, some have more Twitter outreach and influence than others. Don't just sit on the sideline and watch, get involved too. You want your Bitcoin Cash to grow in value too, right?

    Our critics call us "coffee coin" so let's try getting a major cafe chain onboard. To kick things off, I thought we could start off with Starbucks. I like a nice ice cold frappuccino as much as the next guy (and my waistline shows it). Next time we can do Amazon, Netflix, Uber, Lamborghini, Newegg, airlines, online services etc, whatever you like. Feel free to post suggestions for next time in the comments. I don't even need to be running the show here. With Bitcoin Cash everyone's the CEO. If I haven't posted the daily thread by 00:00 UTC due to work, travel etc feel free to copy the template and post it yourself.

    Here's our plan for today:

    • Register for a Twitter account if you don't already have one (remember to confirm your email).

    • Visit the Accept Bitcoin Cash website's Food section (or search for Starbucks).

    • Click on the Twitter icon for Starbucks and send them a tweet or alternatively send them a message on Facebook. If you were really keen and have plenty of free time on your hands you could email them. Feel free to change up the message to add your own reasons why they should support Bitcoin Cash. Let's keep all communications genuine and professional though to keep a good impression.

    • Optionally report back here when you've tweeted.

    In the future Starbucks or whoever else add support for Bitcoin Cash, go buy something with Bitcoin Cash to show your support. I know Bitcoin Legacy has a "HODL at all costs" culture, but if we want Bitcoin Cash to be accepted everywhere and deprecate the banking system then we all need to actually use it for payments. For me personally I will do a bit of long term saving and spending. I'll try save up a certain amount long term for retirement, save up another amount and cash out that amount for a house one day, maybe another portion for a car and the rest I'll set aside for spending. You can come up with your own strategy like buying a small amount each month with your paycheck.

    Once more merchants start coming on board we can also make an issue or Pull Request to keep the site up to date. This will be the go-to site to know who is currently accepting Bitcoin Cash and where you can go to spend it. If you don't see a merchant or service on there feel free to add it too. The more the merrier.

    submitted by /u/n9jd34x04l151ho4
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    Here is the "Tab" video...live viewer asks BlockStream CEO Adam Back what is the solution for high fees. Adam says the solution is to be early adopters of LN, but since that is not ready he says they could use "tabs" instead. @5h52min mark

    Posted: 03 Dec 2017 02:31 PM PST

    This comic i made was banned from r/bitcoin.

    Posted: 03 Dec 2017 09:43 PM PST

    Bonus Meme

    Posted: 03 Dec 2017 03:39 PM PST

    I'm thinking about paying to advertise Bitcoin Cash on reddit

    Posted: 03 Dec 2017 08:52 PM PST

    So I was reading this post and it inspired me to spend some money to advertise Bitcoin Cash on reddit.

    Not a controversial ad though. Just one that would help with Bitcoin Cash adoption.

    However, I'm not very creative. I would like to ask for some ideas. Please post your ideas for a Bitcoin Cash ad and maybe also post where should the ad point to when people click it.

    Should it be www.BitcoinCash.org? A reddit/Medium post? What are your suggestions?

    I would like everyone to upvote the best idea. The top comment/idea will be the one I'll use.

    Also, keep in mind that I'm not rich. I'll spend a small amount at first just to test.

    Your help will be appreciated. :)

    submitted by /u/DarkLord_GMS
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    Bitcoin Cash Info Graphic - No 'Tab' Required

    Posted: 03 Dec 2017 12:00 PM PST

    I've decided Bitcoin Cash is the only cryptocurrency I want for my movie Treasure.

    Posted: 03 Dec 2017 04:29 PM PST

    I completed a feature film this year and after weighing my options have decided that Bitcoin Cash is the only cryptocurrency I will use for transactions. I prefer it over Bitcoin Legacy or PayPal as PayPal's fees are ridiculous! Why should banks get 1-3 percent of our entire economy when all my customers want is their movie and I NEED that money to continue being successful in life? http://www.treasurethemovie.com

    submitted by /u/flmkr
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    Dr Craig S Wright: "In BCH we want to see free trade and exchange in markets"

    Posted: 03 Dec 2017 11:59 PM PST

    The store-of-value argument.

    Posted: 03 Dec 2017 10:21 PM PST

    The store-of-value argument for BTCs worth has to be the shortest sighted thinking I've come across. It focuses purely on the fact that BTC has the highest current market price and ignores even the most basic knowledge of cryptocurrencies (or how assets function in general).

    Every single coin that is openly exchanged is a store of value. From dogecoin to BTC. From deflationary to inflationary coins. PoW or PoS. Every exchanged coin stores value or it would not be an exchanged coin. Regardless of the volume of a specific coin required to match the purchasing power of BTC, they are all stores-of-value.

    I'm sorry to state something that is so painfully obvious. It's only that this is a constant position that BTC apologists hold and it such a vacuous one.

    submitted by /u/lostnfoundaround
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    What I read when someone tells "Bitcoin Cash is Bcash"

    Posted: 04 Dec 2017 01:30 AM PST

    What newbies read: "Bitcoin Cash is Bcash"

    What I read: "I sold all my BCH at the bottom and now I am scared it can actually become the real deal"

    submitted by /u/slbbb
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    Jim Carrey explains how the TAB^TM system works. Thanks Adam,Blockstream and BCore for this great innovation.

    Posted: 03 Dec 2017 04:10 PM PST

    Bitcoin Cash Developers Should be Wary of Complicating the Blockchain... Look at Ethereum right now.

    Posted: 03 Dec 2017 08:24 PM PST

    Ethereum's smart contracts are crippling it right now with the popularity and exponential use of the crypto kitties game. The Ethereum network has become severely degraded and is currently unusable as a currency.

    This should serve as a warning to the BCH community about the potential problems that new tech like smart contracts and tokens could bring, complexity which could cripple the original intent and design of BCH as a currency.

    https://reddit.com/r/ethereum/comments/7hbsx0/once_again_ethereum_is_almost_full_a_gas_fee/

    https://reddit.com/r/ethereum/comments/7h9mjr/at_the_moment_cryptokitties_is_the_busiest_smart/

    submitted by /u/Mons7er
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    Today I was forced to stop running a full node.

    Posted: 03 Dec 2017 04:27 PM PST

    Just kidding. We live in 2017 not 2000.
    1TB HDDs cost £40, my house in the countryside has internet that goes up to 2MB/s over wifi and more when wired, unlimited bandwidth is already paid for, my node runs on a 2008 computer, said computer is my homelab and does much more than just being a node. Even over 4G LTE, it would cost me £25pm for the bandwidth (1 to 4 BTC transactions).

    submitted by /u/BiochemLouis
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    You do not need to run a full node

    Posted: 03 Dec 2017 10:38 PM PST

    Bloomberg: Bitcoin(BTC) Is Hot, But Good Luck Using It

    Posted: 03 Dec 2017 10:34 PM PST

    I’m trying to think of a respectful way to tip the core guys that troll here. Last thing I’d want to do is offend them by giving them bch. It’s totally a tethered tip, the image is good for an equal valued tab on my fridge.

    Posted: 03 Dec 2017 04:49 PM PST

    Bloomberg: Battle for ‘True’ Bitcoin Is Just Getting Started

    Posted: 04 Dec 2017 01:17 AM PST

    Spreading the word. :)

    Posted: 03 Dec 2017 05:01 PM PST

    Genius logic of Core Supporters

    Posted: 03 Dec 2017 11:53 PM PST

    I have located Blockstream headquarters.

    Posted: 03 Dec 2017 02:35 PM PST

    The current state of Bitcoin Legacy - "use LTC or DASH"

    Posted: 03 Dec 2017 11:37 AM PST

    [Coming Soon] Bitcoin Tab: A Pub-to-Pub Shared Debt Tracking System

    Posted: 03 Dec 2017 12:50 PM PST
    Read more
    at

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