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    Home Unlabelled BTC This Guy Is Going Around Reddit Giving People Gifts of BCH Can We Get An Appreciation Post For Him?

    BTC This Guy Is Going Around Reddit Giving People Gifts of BCH Can We Get An Appreciation Post For Him?

    December 25, 2017

    BTC This Guy Is Going Around Reddit Giving People Gifts of BCH Can We Get An Appreciation Post For Him?

    This Guy Is Going Around Reddit Giving People Gifts of BCH Can We Get An Appreciation Post For Him?

    Posted: 24 Dec 2017 03:51 PM PST

    Dr. Craig S. Wright: "If you believe that BTC can "give central banks a black eye" then you are delusional. Central banks issue money. Only a payment system is a threat. No number of digital golds will make the slightest impact. When it comes to BTC the fed is laughing all the way to the bank."

    Posted: 24 Dec 2017 06:59 PM PST

    What a deal

    Posted: 24 Dec 2017 12:33 PM PST

    Satoshi Nakamoto in 2008: Visa processes 100 million transactions per day. That many transactions would take 100GB of bandwidth. If the network were to get that big, it would take years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

    Posted: 24 Dec 2017 06:57 AM PST

    Full mail:

    Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.

    The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day.
    That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.

    If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

    Satoshi Nakamoto

    https://www.mail-archive.com/cryptography@metzdowd.com/msg09964.html

    Satoshi expected that overtime not everyone would run full nodes, he expected specialized much much bigger blocks and need for dedicated servers. No segwit, no side-chains, off-chains, 2chains, up chains or lightning chains. Just simply bigger blocks.

    I'm not even that big into bitcoin myself, I just cannot believe how utterly brainwashed the other side is that they think that myriad of side chains runned by "totally not banks" for network to be functional at all is somehow more decentralized than upgrading hardware and bandwidth every decade or so (which keeps getting faster and cheaper).

    I wonder how many of them actually believe this and how many simply cannot admit they were wrong/mislead. If your side has nothing but price memes and conspiracy theories to blame everyone from CIA to North Korea, you already lost.

    submitted by /u/Jeffy29
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    Got my family some BCH for Christmas!

    Posted: 24 Dec 2017 07:10 PM PST

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

    Posted: 24 Dec 2017 03:27 PM PST

    Via: u/ydtm

    Who is Adam Back?

    Why do people think he's important?

    If he hadn't convinced some venture capitalists to provide $75 million to set him up as President/CEO of Blockstream - would he be just another "nobody" in Bitcoin?

    Consider the following 4 facts:

    (1) Go to the list of Bitcoin "Core" contributors do a Find for "adam":

    https://github.com/bitcoin/bitcoin/graphs/contributors

    Hmm... Apparently, he is not a Bitcoin "Core" dev.

    Here is his GitHub page:

    https://github.com/adam3us

    Hmm...

    zero contributions

    zero repositories

    Now, ask yourself:

    • Do you want a "leader" for Bitcoin?

    • If you do want a "leader" for Bitcoin... Do you want someone who has never contributed any code for it?

    • What gives him the right to position himself as a "leader" at a roundtable in Hong Kong with Chinese miners?

    (2) Look at his profile on his Twitter home page:

    https://twitter.com/adam3us

    It says:

    • "inventor of hashcash"

    • "bitcoin is hashcash extended with inflation control"

    Both of these statements have been publicly exposed as false - but he still refuses to take them down.

    " 'Bitcoin is Hashcash extended with inflation control.' ...[is] sort of like saying, 'a Tesla is just a battery on wheels.' " -- Blockstream's Adam Back #R3KT by Princeton researchers in new Bitcoin book

    https://np.reddit.com/r/btc/comments/45121i/bitcoin_is_hashcash_extended_with_inflation/

    Adam Back did not invent proof of work

    https://np.reddit.com/r/btc/comments/46vq7i/adam_back_did_not_invent_proof_of_work/

    Now, ask yourself:

    • Do you trust someone who puts false statements like this on their Twitter profile?

    (3) Recall his history of failures regarding Bitcoin:

    He was personally informed by Satoshi about Bitcoin in 2009 via email - and he did not think it would work.

    He did not become involved in Bitcoin until it was around its all-time high of 1000 USD, in November 2013.

    He opened his Github account within 48 hours of Bitcoin's all-time high price. Presumably he sat and watched it go from zero to 4 figures before getting involved.

    https://np.reddit.com/r/btc/comments/45n462/adam_back_on_twitter_virtuallylaw_jgarzik/czyzso5?context=1

    • Why didn't Adam understand the economics of Bitcoin from 2009 until 2013?

    • If you want a "leader" of Bitcoin, do you think it should be someone who didn't understand it for 4 years?

    • Do you think he can really understand the economics of Bitcoin now?

    (4) Adam wants to radically "fork" Bitcoin from Satoshi's original vision of "p2p electronic cash" and instead encourage people to use the highly complicated and unproven "Lightning Network" (LN).

    However, unfortunately, he hasn't figured out how to make LN decentralized.

    Lightning network is selling as a decentralized layer 2 while there's no decentralized path-finding.

    https://np.reddit.com/r/btc/comments/43oi26/lightning_network_is_selling_as_a_decentralized/

    Unmasking the Blockstream Business Plan

    https://np.reddit.com/r/btc/comments/42nx74/unmasking_the_blockstream_business_plan/

    It's time for people to start asking some serious questions about Adam Back:

    • about his lack of contributions to the Bitcoin codebase;

    • about his unethical style of communication;

    • about his rejection of Satoshi's vision for Bitcoin;

    • about his lack of understanding of economics, p2p, and decentralization.

    Bitcoin was never even supposed to have a leader - but somehow (because some venture capitalists and Adam found each other), now we apparently have one: and it's Adam Back - someone who never contributed any code to Bitcoin, never believed in the economics of Bitcoin, and never believed in the decentralization of Bitcoin.

    Whether you're decentralization-loving libertarian or cypherpunk - or a Chinese miner - or just someone who uses Bitcoin for your personal life or business, it's time to start asking yourself:

    • Who is Adam Back?

    • Why hasn't he contributed any code for Bitcoin?

    • Why is he lying about Bitcoin and HashCash on his Twitter profile?

    • Why did he fail to understand the economics of Bitcoin from 2009 to 2013?

    • Does he understand the economics of Bitcoin now?

    • If he rejects Satoshi's original vision of "p2p electronic cash" and prefers a centralized, "Level-2" system such as Lightning Network, then shouldn't be doing this on some alt-coin, instead of radically "forking" Bitcoin itself?

    • If he hadn't convinced some venture capitalists to provide $75 million to set him up as President/CEO of Blockstream - would you still be listening to him?

    Bitcoin was supposed to be "trustless" and "leaderless".

    But now, many people are "trusting" Adam Back as a "leader" - despite the fact that:

    • he has contributed no code to Bitcoin "Core" - or any other Bitcoin code repository (eg: Classic, XT, BU);

    • he never believed in Bitcoin until the price hit $1000;

    • he rejects Satoshi's vision of "p2p electronic cash";

    • he is dishonest about his academic achievements;

    • he is dishonest about the Lightning Network's lack of decentralization.

    Maybe it's time for everyone to pause, and think about how we got into this situation - and what we can do about it now.

    One major question we should all be asking:

    Would Adam Back enjoy this kind of prestige and prominence if he didn't have $75 million in venture capital behind him?

    There is, of course, a place for everyone in Bitcoin.

    But Bitcoin was never about "trusting" any kind of "leader" - especially someone whose main "accomplishments" with Bitcoin have consisted of misunderstanding it for years, and now trying to radically "fork" it away from Satoshi's vision of "p2p electronic cash".

    TL;DR:

    • Adam Back's history with Bitcoin is a long track record of failures.

    • If he hadn't convinced some VCs into backing him and his company with $75 million, you probably wouldn't have ever heard of him.

    • So you should not be "trusting" him as the "leader" of Bitcoin.

    submitted by /u/defconoi
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    Bitcoin Cash has a pretty neat roadmap of nimble & elegant updates!��♥️ Jan. 14 - #BCHAddressDay to change to Cashaddr addresses Feb. 15 - Finalize protocol upgrades May 15 - #BCHUpgradeDay with better DAA, enabled opcodes & bigger blocks! Merry Christmas all trolls & haters!

    Posted: 24 Dec 2017 08:54 PM PST

    Astrill VPN reddit admin really dislikes Bitcoin Cash. Fortunately, market forces are in action!

    Posted: 24 Dec 2017 08:58 PM PST

    Julian Assange's Twitter account was just killed. If you run a node, please keep an eye out for DMS.

    Posted: 24 Dec 2017 08:06 PM PST

    Hi all,

    Julian Assange's Twitter account was just killed.

    https://twitter.com/julianassange

    Hopefully this is just temporary or a part of Twitter's censorship campaign (though not sure how they could justify his tweets as hate-speech) but, if you run a node, please keep an eye out for any DMS-like messages (possibly as an OP_RETURN or encoded into the outputs themselves).

    Thank you and hope you all have a nice Christmas.

    submitted by /u/jimfriendo
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    Julian Assange's Twitter Account Taken Down

    Posted: 24 Dec 2017 10:03 PM PST

    No messages on the wikileaks bitcoin wallet yet, prob stuck in the mempool if anything was going to be posted :/

    https://twitter.com/julianassange

    https://blockchain.info/address/1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v

    submitted by /u/twisted636
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    The main purpose of the powers behind blockstream is to prevent crypto from becoming a monetary tool that treats all people in the world the same, because that would be the better product and render banks obsolete.

    Posted: 24 Dec 2017 04:06 PM PST

    This was also published on yours.org --> https://www.yours.org/content/the-main-purpose-of-the-powers-behind-blockstream-is-to-prevent-crypto-9a68df7e9382. Go check out yours.org and make a little money on your content and get paid DIRECTLY, without advertisers or any middleman, everything on yours.org is done onchain and you have access to your own private keys.

    The powers behind blockstream want crypto to crash and burn and leave a sour taste in the mouths of people so that people will negatively associate crypto with Bitcoin and Bitcoin with the "The Great Scam" or "Ponzi 2.0" or "The tulip mania of 2017 whatever year it is this year".

    If that does not work they want people to associate all crypto with Bitcoin and it's high fees. So that people just see it as "another tool for the rich" or "a settlement system for banks".

    The last thing they want is for people to associate crypto with "money for the people" or "the money of the internet" or "financial independence from banks" or in the case of reddit "karma you can sell and buy with"

    So instead of saying anything, or trying to explain anything. Just give your friends and family some Bitcoin Cash or Ethereum or whatever crypto you like most. This will give them an incentive to figure out what this all about, all by themselves ... which usually works out very well because people are not as stupid as the banks would like them to be.

    The powers behind banks understand that politics is a tool needed for them to keep their powers. This is why in the last 4 years you have seen politics enter the crypto landscape. And not just politics ... all their tools. Propaganda, claiming to be "one of us", censorship, the trolls and the shills, etc etc ...

    We are very much in the "then they fight us phase" it's just that they have decided to do this fight in a more covert mode and are fighting us by pretending to have joined with us. And no .. after the ""then they fight us phase" does not automatically follow "then you win". As everybody who is human knows, this depend of how good you fight. You don't alway win all your battles. But if you don't fight you never win. Not every problem in life that you face you are able to change. But nothing can be changed until you face it.

    Make no mistake, they are actively sabotaging crypto and because Bitcoin is still it's flagship they have focused mainly on Bitcoin hoping that in the near future things will go catastrophic leading to a negative news frenzy about Bitcoin and crypto.

    When other crypto, who are not crippled on purpose, eventually take over they will attack those to.

    So when will I know that Bitcoin Cash has taken over from Bitcoin? When the same thing happens with Bitcoin Cash. When there is infighting in the Bitcoin Cash community and decention is being stirred up all over the place.

    How do we prevent this? By focusing on better politics, community building, transparency, proper ethics and morality AND: By NOT being maximalists or Bitcointologists. If Bitcoin Cash fails and an other crypto takes over that is better then Bitcoin Cash .... that is okay.

    Crypto is just another tool to accomplish something. The question is: what are we trying to accomplish? As usual Satoshi gives the answer:

    You will not find a solution to political problems in cryptography.

    **Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

    Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.

    Satoshi**

    This says it all:

    gain a new territory of freedom for several years.

    So the censorship on /r/bitcoin shows you that the mod team at /r/bitcoin is not thinking about "a new territory of freedom", their goals are the complete opposite from ours.

    Everybody should realize that crypto is at the forefront of a global struggle for more power and freedom for the individual. An individual; that on the internet has no age or sex or race or religion unless specifically stated. But crypto is luckily not the only tool that is at the forefront of this fight. There is tor, bittorrent, building of local wireless mesh networks, wikileaks, tails OS, encrypted chat applications, PGP, etc etc etc.

    All these tools together CAN give the individual more freedom and self determination. But they remain tools. It's up to us to use them properly. All these tools can also equally be used to enslave and take power away.

    Right now a lot of focus is on the shaping of these tools to make them as effective and good working as possible. But our focus should equally be on: "How to use these tools properly?"

    You can have the best sword in the world, what good will it do if you cut yourself with it or accidentally decapitate your cat with it? So if you want mass adoption of crypto .... you better give some of yours away to other people ... then they are in the game too. The more people have crypto the more it's in the benefit of people that are selling something to accept crypto.

    If we want crypto to first be seen as equal to money and then surpass it there are NO SHORTCUTS. The question: "What is money? is in the MIND." And minds are very very hard to change.

    And this goes way beyond code. And it's completely unexplored territory. No human being knows what kind of world becomes possible with crypto as money, just like nobody knew what to do with the computer at first or the airplane or the car. Nobody has been here before. We are pioneers and if we screw up we can equally make a world where crypto gives even more control to the elite and less individual freedom. After all a fiat bill or fiat coin has never refused or struggled when you try to use it to pay for something. With the marriage of software and money ... this can be quite different.

    submitted by /u/Kain_niaK
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    Hypocrisy is strong on this one.

    Posted: 24 Dec 2017 11:18 AM PST

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

    Posted: 24 Dec 2017 10:52 PM PST

    Shout Out to user ImSantaClausBCH

    Posted: 24 Dec 2017 06:46 PM PST

    In case you weren't aware, /u/ImSantaClausBCH has been busy spreading Christmas cheer around in the form of BCH tipping. This is commendable.

    I believe that for Bitcoin to become a currency, people must transact it with each other, not just exchanges. I personally received my first BCH tip a few days ago, and it feels great to spread it around again.

    I'm so thankful Bitcoin Cash has saved Bitcoin, and that we can once again send & receive Bitcoin with minimal fees or wait time. I encourage everyone who has BCH to send a few dollars to tippr and begin tipping people who you believe have earned it.

    submitted by /u/InMyDayTVwasBooks
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    Thanks Satoshi: Users Are Still Donating to Bitcoin Creator’s Address

    Posted: 25 Dec 2017 12:22 AM PST

    Bitcoin Cash / BCH is trending on Steemit and one of the top post is an interview with Roger with more than 1100 upvotes

    Posted: 24 Dec 2017 02:39 PM PST

    Trending in /bitcoin: https://steemit.com/trending/bitcoin 8th post in all topics as of now: https://steemit.com

    It also looks like the conversations in the posts / blogs are a lot nicer than what you can see on Twitter per Reddit. Most likely because when people start swearing and acting like internet trolls people flag them and the comments get removed. So there is a place where you can have civilized discussions.

    submitted by /u/Kesh4n
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    Emin Gün Sirer: Face it, you pushed for a broken vision, got your way, and failed in exactly the way everyone said you would.

    Posted: 24 Dec 2017 08:12 AM PST

    Johoe's Mempool Site Just Listed A Bitcoin Cash donation address via QR code : )

    Posted: 24 Dec 2017 12:50 PM PST

    And there's that..

    Posted: 24 Dec 2017 07:15 AM PST

    Merry Christmas to the best Bitcoin community ��

    Posted: 24 Dec 2017 04:44 PM PST

    Earlier I posted about a concern I had with BCH. Due to my past experience with the other sub it comes as a pleasant surprise to see that I'm not banned simply or asking a legitimate question.

    Posted: 24 Dec 2017 06:20 PM PST

    Thank you Roger, Jihan and Craig. You are fighting the good fight... keep it up! :)

    submitted by /u/HaroldBurleson
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    Thank you /r/BTC

    Posted: 24 Dec 2017 03:42 PM PST

    I found r/BTC a few days ago and immediately knew that something was off with r/Bitcoin. With the support of people on this sub, I was able to make a smooth transition from Bitcoin to Bitcoin Cash. I exchanged my tiny fraction of Bitcoin to Bitcoin Cash. No one tried to force me to do that. No one trashed Bitcoin. I was given enough information by this sub to make an informed decision. That IMO is very important. Thank you r/BTC and please keep up the good work. I hope everyone has great holidays.

    submitted by /u/kegula
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    What we want: A free and open main chain. Not the death of another coin. Not the ruin of another human being or the squashing of his wealth. If you find this objectionable, we don't need you here.

    Posted: 24 Dec 2017 01:54 PM PST

    You know what I really hate about rBitcoin?

    Posted: 24 Dec 2017 09:34 AM PST

    Great gift for the kids

    Posted: 24 Dec 2017 09:04 PM PST
    Read more
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