• Breaking News

    Thursday, February 22, 2018

    BTC BTC mempool just cleared out for the first time in 3 months!

    BTC BTC mempool just cleared out for the first time in 3 months!


    BTC mempool just cleared out for the first time in 3 months!

    Posted: 21 Feb 2018 11:25 PM PST

    Venezuelans reported losing on average 24 lbs in body weight last year and almost 90 percent now live in poverty, according to a new university study on the impact of a devastating economic crisis and food shortages.

    Posted: 21 Feb 2018 08:56 PM PST

    It's pretty cool that tippr is becoming one of the most famous bots around reddit.

    Posted: 21 Feb 2018 01:11 PM PST

    No other crypto has this kind of popularity. I've been seeing the posts on random subs and that is what brought me here. Super cool thing that this community has going on and it is really easy to use too.

    submitted by /u/barterbard
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    Gavin Andersen on why many early bitcoiners aren´t rich, and how the community paved the way for adoption

    Posted: 21 Feb 2018 06:55 PM PST

    Interesting article from Gavin, on why many early adopters aren´t filthy rich. I find the small paragraph about HODLing vs bootstrapping specially telling about the current state of BTC vs BCH.


    Not as rich as you think…

    People assume that the people who worked on Bitcoin in the early years are fabulously wealthy.

    That's a bad assumption, for lots of reasons:

    It was easy to lose coins. They weren't worth much, so people didn't bother to take the time to keep them secure and back them up.

    Many of the early developers didn't have extra money to buy coins; they were still in school, or were pouring all of their money into a startup. Venture capitalists were NOT throwing money at Bitcoin startups back in 2010 and 2011.

    "HODL" wasn't a thing– instead, bootstrapping the community by purchasing things (like 50BTC alpaca socks or 10,000BTC pizzas) or giving away Bitcoin was encouraged.

    Even if an early developer had the free cash and foresight to purchase a bunch of coins, they might be level-headed and follow tried and true investment advice to:

    1) Make a long-term plan and stick to it, ignoring short-term market drama 2) Diversify; mix high-risk and low-risk investments, and re-balance if any one investment dominates your portfolio.

    Imagine a rational, disciplined person who had $100,000 in investments before they heard about Bitcoin. On January 1, 2011 they decided to take a risk and spend five thousand dollars to buy 10,000 BTC. Their long-term plan: evaluate their holdings once a year, and rebalance at the beginning of the year if their BTC holdings were more than 10% of their total investments.

    I created a spreadsheet showing what happens. They would do extremely well, ending up with over $5million– a 1,000x return on their initial investment! But they would sell almost all of their BTC along the way, ending up holding fewer than 40 BTC.

    Which is nothing to sneeze at; 40 BTC is worth a few hundred thousand dollars, and 5 million dollars in safe, liquid investments is enough to fund a very comfortable retirement.

    http://gavinandresen.ninja/not-as-many-as-you-think

    submitted by /u/JPGarbo
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    Convo with a BTC troll at a bar.

    Posted: 21 Feb 2018 09:56 PM PST

    I just experienced the craziest thing ever. I'm chilling with the homies and someone from another party brings up Bitcoin and crypto. I asked what their thoughts were on Bitcoin Cash and their response was "oh you mean 'BCash', Fuck Roger Ver". I politely asked him why he felt that way and what his hostility towards BCH and Roger Ver was about. He literally couldn't give me an answer and just felt that based on what he had seen and heard that BCH was a scam and Roger Ver was the leader who started the scam. It was sad and I went on to explain to this dude that he was misinformed and needed to understand the deeper debate that was happening. By the time I finished he was like "wow I had no idea that all these things were at play... I need to do more research". I sent him some BCH via CoinText and he was like that's crazy... I need to look into BCH. Moral of the story... many people that believe in the BTC narrative have no idea why they are saying or doing what they are doing.

    I'm still at the bar, kinda tipsy and blown away by the fact that people blindly believe a narrative without doing research on their own.

    submitted by /u/danwag06
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    My online store now added Bitcoin as accepted payment ��������

    Posted: 21 Feb 2018 10:56 PM PST

    How Crypto Works...

    Posted: 21 Feb 2018 10:12 PM PST

    [Only accept BCH] SporeStack: Ephemeral, API-driven infrastructure for cryptocurrency

    Posted: 21 Feb 2018 11:20 PM PST

    HandCash: "We've tested Bitcoin Cash vs Lightning Network and... LN feels so unnecessary and over-complicated. Also, still more expensive than Bitcoin Cash fees - and that's not taking into account the $3 fees each way you open or close a $50 channel. Also two different balances? Confusing."

    Posted: 21 Feb 2018 08:49 AM PST

    I just learned about chaintip. I think it's the way to go for tipping (more decentralized than other options). It's the kind of thing that is now possible thanks to Bitcoin (BCH) 's extremely low fees.

    Posted: 21 Feb 2018 03:12 PM PST

    InstaConf: nearly trustless zero-confirmation guarantees

    Posted: 21 Feb 2018 06:40 PM PST

    Hi again all,

    I've been thinking about a way to make zero confirmation transactions just that little bit safer. All it would take would be simple, semi-trusted programs (which I call guarantors) that happily sign any transaction, but refuse to sign the same transaction input a second time. They don't need to handle money and they would be fully accountable, in that any misbehaviour would be publicly proven.

    Details here: https://gist.github.com/markblundeberg/1aeb2bc165645dbbf31b9aa7af67fdcb

    You all enjoyed my last post (about an exploit in cross-chain hash locks) so I thought you might like this one too.

    I'm not sure if such an elaborate scheme is necessary, as people in the BCH community seem to be comfortable with zero-confirmation risks. Let me know if you think I'm over-thinking this, or if it would be worth coding.

    submitted by /u/markblundeberg
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    Which version of Bitcoin do I need?

    Posted: 21 Feb 2018 08:40 PM PST

    With All the discussion about OP_GROUP and Counterparty just remember: The problem with Bitcoin's blocksize was not the disagreement, it was the censorship.

    Posted: 21 Feb 2018 08:24 AM PST

    Disagreement is part of any change, obtaining 100% support for any initiative is nearly impossible.

    With all the discussion around Counterparty and OP_GROUP remember that the problem with Bitcoin Core was not the blocksize disagreement, it was the censorship and propaganda. This censorship, propaganda, and lies that could not be debunked led to a distorted perception of what the best path forward was. This distorted perception, led the way to miner deals, character assassination and ultimately stalling of Bitcoin Core by leaving it with an unviable only path forward.

    The Bitcoin Cash community, supports open discussion which would allow the best way forward to be identified and achieved for Bitcoin (Cash).

    submitted by /u/btcnotworking
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    the 3 year long spam attack on BTC has just ended (you heard it here first!)

    Posted: 21 Feb 2018 10:43 AM PST

    Not sure what to think about the OP_GROUP discussion but so glad there is a discussion out in the open without censorship. People on both sides are able to use https://www.reddit.com/r/btc/ and https://www.yours.org/ to put forward their ideas. This is how it should be!

    Posted: 21 Feb 2018 06:00 AM PST

    KDE has received a $200,000 donation from the Pineapple Fund.

    Posted: 21 Feb 2018 01:24 PM PST

    This is pretty great, many thanks Pineapple Fund.

    KDE has received a $200,000 donation from the Pineapple Fund.

    Well deserved for KDE providing free and open source software for everyone.

    submitted by /u/Phagoo
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    No-fee 0-conf BCH point of sale terminal

    Posted: 21 Feb 2018 02:59 PM PST

    Haipo Yang retweeted: “I think OP_GROUP is the best BCH token proposal because of SPV support and its simplicity. Keep is short and simple. It doesn't need to be included in a hard fork. Make it a soft fork and activate it on testnet as soon as possible.”

    Posted: 21 Feb 2018 09:39 AM PST

    Taiwan Starts Selling BTC / BCH Miners -- Not Just Chips

    Posted: 21 Feb 2018 04:47 PM PST

    Swedish ISP Bahnhoff rolls out 10000 MBit/s to their customers for a monthly cost of $61 • r/worldnews

    Posted: 21 Feb 2018 05:27 AM PST

    Huh? Banned yesterday from /r/Bitcoin and it's been a month that I haven't posted there

    Posted: 21 Feb 2018 11:11 AM PST

    You Can Now Use BRD (Bread) Wallet to Pay BitPay Merchants | BRD Adds Payment Protocol Compatibility

    Posted: 21 Feb 2018 01:06 PM PST

    OP_GROUP: Testnet and bounties

    Posted: 21 Feb 2018 05:56 AM PST

    Since there is alot of demand for further testing of the OP_GROUP opcode before acceptance by all peers for the bitcoin cash network, I would like to help incentivize such work on a testnet.

    Is there a testnet setup where the opcode can be tested, and how can I put my own money towards setting up financial incentive to do penetration testing?

    I would also be willing to donate towards development of user interface for token management, and in particular such user interfaces that support multisig management.

    submitted by /u/JonathanSilverblood
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    DO NOT invest on the new Venezuelan Government Backed "Crypto" the Petro (PTR)

    Posted: 21 Feb 2018 04:55 AM PST

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