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    BTC Private Internet Access accepts Bitcoin Cash

    7 years ago

    BTC Private Internet Access accepts Bitcoin Cash

    Private Internet Access accepts Bitcoin Cash

    Posted: 13 Jan 2018 04:11 PM PST

    PIA is my go-to VPN service. Just saw a post complaining that they accept Bitcoin cash on another sub. I went to confirm, and it's true. You can now connect to the internet safely with bch. 😁

    submitted by /u/hiver
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    I just made this Bitcoin Cash logo with a white, inner ring, making it look more like an actual coin. Thoughts?

    Posted: 14 Jan 2018 12:16 AM PST

    Reminder: on chain scaling was the original plan, not a centrally planned block size limit to create a fee market.

    Posted: 13 Jan 2018 06:46 PM PST

    Graphene: A New Protocol for Block Propagation Using Set Reconciliation

    Posted: 13 Jan 2018 08:19 PM PST

    Bitcoin Cash mempool "spam" almost clear, very impressive!

    Posted: 13 Jan 2018 10:34 PM PST

    CoinMarketCap removed Bitcoin.com and BlockExplorer.com from their website

    Posted: 13 Jan 2018 02:33 PM PST

    Apparently the paid sock puppet brigade did it.

    They spammed CoinMarketCap with hundreds of messages asking them to remove Bitcoin.com, BlockExplorer.com and the Bitcoin Twitter account from their website. This is really disappointing. I thought they were going to stay neutral. Shame...

    Edit #1: They added 1 of the links again: Bitcoin.com

    They still haven't added the BlockExplorer. They will still support Bitcoin Legacy so there's no reason to remove it. And regarding the Bitcoin Twitter, it's a Social feed with other crypto news so there was no reason to remove it either.

    Edit #2: Some have suggested a few alternatives. But some of them are pretty much the same.

    https://coincap.io

    https://coinlib.io

    https://www.livecoinwatch.com

    https://www.coingecko.com/en

    https://www.worldcoinindex.com

    https://coinranking.com/

    submitted by /u/DarkLord_GMS
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    Dr Craig Wright pledge $25000 membership to Mises Institute if he is allowed to pay it in 10 BCH

    Posted: 13 Jan 2018 05:15 PM PST

    We should give all support to CoinEX.

    Posted: 13 Jan 2018 04:54 PM PST

    CoinEX exchange has a lot of advantages: no limits, no KYC, no BCH deposit/withdrawal fees, pure BCH pairs, run by ViaBTC miners so transactions are really fast.

    It is starting, but it is a great idea.

    I wish they offered also fiat pairs for BCH, not sure how that can be done, maybe in partnership with banks in Zug - Switzerland, or opening a branch in japan.

    International debit card purchases. More ways to cash out. Getting a bank license, whatever. The aim should be to grow as the biggest fiat/BCH international exchange.

    submitted by /u/rdar1999
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    One advice for Coinbase

    Posted: 13 Jan 2018 05:58 AM PST

    The beauty of the free market: superior alternatives to CoinMarketCap!

    Posted: 13 Jan 2018 07:54 PM PST

    CoinMarketCap turned its back on the BCH community, but thanks to the beauty of the free market, their decision allows superior market solutions to rise to the top! :)

    Until they turned their back on BCH, I wasn't even looking around for other market cap websites. But now that they HAVE turned their back, I've already found two VASTLY SUPERIOR alternatives:

    https://coincap.io

    https://www.livecoinwatch.com

    Amazing! Once you explore these two great sites, you realize how antiquated & stale & non-innovative the CoinMarketCap website really was.

    It's like suddenly waking up from a bad dream! And there are probably several other sites like the two above.

    So thanks, CoinMarketCap, for enabling me to open my eyes to the better solutions out there! :)

    submitted by /u/scotty321
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    rob on Twitter There sure are a lot of people claiming to be leaving @Coinbase due to lack of Segwit but for some strange reason I'm not seeing an uptick in Segwit transactions from those people. ��

    Posted: 13 Jan 2018 12:40 PM PST

    Now that we've had a few 8MB blocks, let's dispel this centralisation myth once and for all.

    Posted: 13 Jan 2018 05:32 PM PST

    Preface

    Firstly, I'm just a Bitcoin enthusiast who is getting tired of the notion that BTC is some censorship-resistant bastion of decentralisation and BCH is not due to its larger blocks.

    The data below is publicly available and I've tried to include sources, so if there are any errors in my work or findings, please share them below and I'll update this post.

    The bulk of the calculation is done assuming assuming 5MB blocks (~36tx/sec), which is a healthy capacity for BCH currently (if miners consistently mine 4MB < 8MB blocks) and what BTC was averaging before the holidays.

    If there are any other factors which I've missed out, please let me know and ideally provide some data.

    Storage

    Almost the simplest argument to refute is the storage problem:

    5MB blocks * 6 blocks/hr = 30MB/hr

    30MB/hr = ~22GB/month = ~263GB/year

    Current avg. price for a 4TB HDD is ~$150 [source]

    4TB (~3.8TB usable) / 263GB = ~14 years of 5MB blocks

    Bandwidth

    The bandwidth issue is slightly more complex, since full nodes will download the blockchain (which increases in proportion to blocksize), but their main network function is to upload/share data with the network.

    With this in mind, I've found a source for data usage on a typical node for both BCH and BTC, and fortunately the past 6 hours have seen several 8MB blocks so the data should be representative.

    We can leave the additional rx bandwidth from the larger blocksize out of the equation since this will correlate roughly to the capacity calculation above.

    In those 6 hours the BTC node sent ~8.3GB of network related data, whereas the BCH node sent 3.6GB.

    The transaction volume/second for that period appears to roughly match up to the data ratio (2.3:1, BTC:BCH) so that would suggest that this figure increases based on network adoption/transaction volume, rather than being influenced by blocksize.

    Development

    83.39% of the current 1288 nodes on the BCH chain are running Bitcoin ABC [source]

    87.26% of the current 10124 nodes on the BTC chain are running Bitcoin Core [source]

    Both projects are open source, but commit access is limited to a few individuals in both cases so this is the area where both could improve the most.

    Mining

    This is the easiest argument to dispel, since both chains use the SHA-256 hashing algorithm which means they can both use the same mining pools and hardware.

    Roger

    He's a man who likes Bitcoin and wants it to succeed, not the king of BCH. The personal attacks on this guy are signs of weak arguments and true trolls. This also goes for arguments around China, Jihan, or CSW since they tend to rest on an ad-hominem (ad-countrinem?) foundations too.

    Conclusion

    Not only is BCH not centralised, but it's actually about as decentralised as BTC, if not more so. (I haven't even mentioned Blockstream and their relationship with the Core devs). Larger blocks do not significantly impact a regular users ability to run a full node, and in fact the main barrier will be bandwidth used (tx) for either chain as adoption increases.

    The arguments against raising blocksize seem to disappear the moment one examines the data more closely, except for one:

    If Bitcoin scales on-chain it will remain censorship-resistant and largely decentralised, which is exactly the opposite of what governments want, but was exactly the goal of the original project.

    submitted by /u/thegreatmcmeek
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    It was more than a full-house at #Beijing's first #BitcoinCash Meetup today, with a turn-up of over 80 attendees, including enthusiasts, users, developers and miners. All attendees enthusiastically discussed, bought and even used #BCH (to pay for drinks).

    Posted: 13 Jan 2018 11:23 AM PST

    The Bitcoin Cash community in London is amazing! ����

    Posted: 13 Jan 2018 01:25 PM PST

    Yesterday we had a cold night in London but not cold enough to avoid people to join the the first Bitcoin Cash meetup in the city.

    Lots of interesting and friendly folks. From newbies to experts I learned a bit from everybody. The atmosphere was just great! I've been to other crypto meetups before and the energy of this one was unique.

    Thank you Bitcoin Cash Fund for setting it up, I look forward to buy more raffles tickets for 0,0000200 BCH without worrying about fees! Keep on the good job!

    submitted by /u/dagfar69
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    I've spent all week trying to figure out if the BCH hate is rooted in truth.

    Posted: 13 Jan 2018 06:01 PM PST

    And it's not. Literally the ONLY response I've been able to get from anyone as to why BCH is not superior to BTC is 'Roger is kind of a dick'. That's it. Lots of name calling scamcoin nonsense. No one has been able to provide me anything technical, only ideological.

    BCH is so obviously technically superior it's kind of a joke. Someone needs to lock Ver in a closet and hire a competent PR person and BCH could take over easily.

    submitted by /u/pyridoxineHCL
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    So, just found out while browsing acceptbitcoin.cash that Theymos is selling BitcoinTalk accounts on Pastecoin

    Posted: 13 Jan 2018 10:04 PM PST

    Man, Bitcoin Cash is going EXPONENTIAL in user adoption. All my friends are interested to hear about how to use Bitcoin Cash.

    Posted: 13 Jan 2018 10:34 PM PST

    Back to Bitcoin after nearly 4 years away, it's becoming clear that Bitcoin Cash is the way forward. Thanks for being a welcoming and progressive community.

    Posted: 13 Jan 2018 02:27 PM PST

    Well, I never thought I'd see this day. I became a Bitcoin enthusiast and user back in 2010 shortly after Bitcoin shot up from being worth a fraction of a penny to over 5 cents, and I continued to be very enthusiastic about Bitcoin ever since then. In mid 2014, an unfortunate string of events from my past landed me with a felony conviction for conspiracy to hack computers, and I went off to prison for a while. Even in prison, I had friends and family keeping me updated with Bitcoin, sending me news and books, and I in turn shared what I knew about Bitcoin with other inmates, quite a few of them becoming much more interested than I ever would have expected. It was really enjoyable to introduce these people to Bitcoin and to be able to field their questions as they seemed genuinely curious about it. As we watched the price rise, I was never more excited to get out and get back into Bitcoin.

    Cut to now, I've been out for a little bit now, and while I'm not quite back into Bitcoin yet, I'm finding myself fairly reluctant to even begin putting money back into Bitcoin. The coin I see today isn't what I knew in 2014. It seems more centralized than ever and everything I'm reading about Blockstream makes me really nervous about that. I can't use Bitcoin to make payments for almost anything anymore, as the fee's and transaction times seem to be through the roof. And one of the worst things for me, it seems that the community at BitcoinTalk is more toxic than ever. I tried to find refuge over at /r/Bitcoin, and felt similarly. I've been fairly lost, confused, and saddened by Bitcoin since my return.

    Over the past 2 weeks I've been lurking reddit, mainly in /r/Bitcoin, and finally just made a new account the other day to start posting. I kept seeing references to the 'scum' that is this subreddit, and ventured over here to see what the deal was. Honestly, /r/btc is so much more enjoyable to browse and participate in. I kept hearing about Bitcoin Cash over the last couple months, but I really wrote it off as some fork that didn't deserve much research and figured whatever hype it had would fizzle out. But as I spend more and more time here and see the enthusiasm, unity and drive that this community has, coupled with strong development and strong backing, I'm really starting to believe that the way forward isn't through Bitcoin, but through Bitcoin Cash.

    You guys have my full support now. I don't see a future in Bitcoin [Core/Legacy(idk which is appropriate?)] anymore, and I'm putting all of my faith into the future of Bitcoin Cash. I really wanted to come back to a Bitcoin community that I feel like I could really enjoy participating in, and I think this is it. Thank you guys for not being vile like many of the other communities are turning out to be.

    submitted by /u/BackToBitcoin
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    PSA: MAJOR KRAKEN BUG RESULTING IN MISSING FUNDS

    Posted: 13 Jan 2018 05:29 PM PST

    Hello /r/BTC,

    Avoid using Kraken until they fix the issues they have been having. Traders who had open short and long positions before Kraken went down should be VERY careful when closing their positions. Users are losing ALL THIER MONEY due to this issue without even realizing it. So far 3 users have been identified and have each lost tens of thousands of dollars.

    I opened a very large BTC short on their trade engine before they went down.

    At the time of writing, my position was red and I wanted to close it and take the ~6% loss. However, when I went to close the short (as a limit order), the BTC was taken from my account at the rate of 100% loss, leaving me down 12 BTC with the position still 75% open.

    So not only has kraken forcibly made me take a loss instead of a gain, they have forced me to keep 75% of my position open that I am unable to close.

    For context and proof please look here: https://imgur.com/a/vyU6L

    EDIT: It turns out others are having the exact same issue. Please upvote for visibility

    https://np.reddit.com/r/ethtrader/comments/7q8pe7/major_unresolved_bug_with_kraken_please_upvote/

    EDIT2: If anyone else experiences this issue, please PM me with the details.

    EDIT3: Another user has been identified that was hit and lost 3 btc: https://www.reddit.com/r/btc/comments/7q8um2/psa_major_kraken_bug_resulting_in_missing_funds/dsnm15a/

    EDIT4: It appears as though the bug takes everything that you used on a margin from your account, without giving you the profits that you should have received. So far I have found 3 users, one lost 3 btc on a BTC long and another lost 40k usd on a BTC short. I believe that every margin trader is effected, however they will only find out AFTER they close their position. This is a very bad bug.

    EDIT 5: Some users are curious about the liquidity of the orderbook and if I market sold to exit my position. I entered the position with a limit order ~11,000 euro, and exited it with a limit order of 11,750 euro. Thus the largest loss I should have encountered is 750 x 48 = ~36,000 euro, or ~3.3btc. Yet I suffered a 12 btc loss for closing 25% of my position. This is not an issue with the liquidity of the orderbook, especially if limit orders were used.

    submitted by /u/TraderJoeSmo
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    Reminder: You can still convert 1 Segregated Non-Cash Pseudo Bitcoin into 5(!) real Peer-To-Peer-Electronic Cash Bitcoins

    Posted: 13 Jan 2018 10:25 PM PST

    That's before the Bitpay integration.

    submitted by /u/Shock_The_Stream
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    TXHighway Needs Your Suggestions For Billboard Messages.

    Posted: 13 Jan 2018 10:45 PM PST

    We're looking at trying to get the community to share some ideas for quick and simple messages that we might be able to put inside our billboards at http://txhighway.com

    Currently we have a few "Your Ad Here" signs, but realistically we only need one of those.

    That leaves us with 2 signs perfect for spreading fun/joy. We'd love to hear some ideas. Below are some of the ideas we have received so far from Slack.

    • GET BCHs SPEND BCHs
    • ANDREAS COME HOME
    • BITCOIN JESUS SAVES
    • BCH PLS * SPEND > HODL
    • SPEND THEN TOP UP
    • WE WANT COFFEE

    Alternative ideas is to just to promote some upcoming bitcoin cash conferences like http://satoshisvisionconference.com

    We're open to suggestions! Just remember to keep them short as the billboard is small.

    submitted by /u/maplesyrupsucker
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    Bitcoin has taught me just how how many ways you can obscure a very simple problem

    Posted: 13 Jan 2018 10:42 AM PST

    The situation with Bitcoin is extremely straightforward: some people took over the project and artificially capped its capacity, causing all sorts of downstream problems.

    It's amazing exactly how many ways that very simple reality has been spun:

    • Coinbase is spamming the network

    • Roger is spamming the network

    • Segwit is a block size increase but it's important that it's optional, so we're not forcing anyone to use it

    • People who aren't adopting segwit are evil and should be boycotted

    • Wallets are using incorrect fees, the actual fees are very low

    • You shouldn't expect to pay low fees

    • Businesses are trying to take over the network

    • We don't want to increase the block size, but anyone preventing the block size from growing via segwit is an enemy

    • We don't want transactions on the bitcoin network, but we love bitcoin, and anyone who does want transactions on the bitcoin network hates bitcoin

    • The bitcoin network is a store of value. It doesn't matter if small amounts of bitcoin are irretrievable due to high fees

    • It's good that some new merchants are accepting bitcoin

    • Bitcoin is not for payments

    • Bitcoin's dominance index is not important

    • Any alt-coins gaining in value or usage are an attack on bitcoin

    • You should use alt-coins to transact, or even fiat money or Paypal

    • Alt-coins are scams

    • Fiat money and central bankers are scammers

    • Decentralization is critically important

    • All transactions will flow through centralized lightning hubs in the future

    • We have three developers who control everything that can be committed to bitcoin

    • We don't like the government; we're cypherpunks

    • Everyone call the FBI and get them to investigate Coinbase

    • Let's try to get Jeff Garzik in trouble with the SEC

    What the actual FUCK.

    submitted by /u/TheSelfishGenie
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    Urging Coinjar to flip to Bitcoin Cash

    Posted: 14 Jan 2018 01:46 AM PST

    Dear Coinjar,

    It should be clear to Coinjar by now that the bulk of merchants have left Bitcoin Core and any remaining merchants find Bitcoin Core acceptance grossly untenable due to extraordinary fees, artificial congestion, and the deprecation of key merchant properties such as 0-conf.

    Bitcoin Cash is gaining these merchants and rapidly accumulating the coveted network effect which has already begun to drive further merchant acceptance. Large Bitcoin Core customers such as myself have flipped completely to Bitcoin Cash use, ownership and promotion. My associates have flipped as well, many of which I introduced to Coinjar. Like theirs, my account with Coinjar is now idle and I can no longer recommend Coinjar or Bitcoin Core given its change in vision to a dead-end technology.

    It should be clear to Coinjar that any merchant wishing to accept a crytocurrency has really only one choice given Bitcoin Cash's superior coin distribution, near zero fees, permanently uncongested design, instant 0-conf transactions, and a supportive community with many parallel implementations.

    Bitcoin Cash is designed to be the first global currency and enjoys the vision and scaling capacity to readily achieve that goal with or without Coinjar's support. I urge Coinjar to flip to Bitcoin Cash and abandon the unfolding Bitcoin Core wreck in order to minimise further damage and regain relevance to your lost customers.

    submitted by /u/where-is-satoshi
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    Bitcoin cash 300% growth in the last 3 months in relation to transactions!

    Posted: 13 Jan 2018 09:02 AM PST

    Not only should we use green because it's 'different' from the orange logo, it's also a lot easier for the eye to notice it in a sea of other things. The human eye can see more shades of green than any other color.

    Posted: 13 Jan 2018 12:14 PM PST
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