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    Monday, February 5, 2018

    Home Unlabelled BTC Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets."

    BTC Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets."

    February 05, 2018

    BTC Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets."

    Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets."

    Posted: 04 Feb 2018 10:06 PM PST

    The difference? The government receives 20% of every dollar spent on lottery tickets, and almost nothing from people buying cryptocurrencies.

    submitted by /u/Anenome5
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    Just Charlie Lee openly encouraging scammers to target Roger Ver with posts trying to defraud people. What a piece of work.

    Posted: 04 Feb 2018 08:57 PM PST

    Bitcoin Core Logic

    Posted: 04 Feb 2018 01:40 PM PST

    ShapeShift.io on Twitter teaches you how to buy Bitcoin Cash.

    Posted: 04 Feb 2018 02:04 PM PST

    Satoshi Dice has Cashaddr Security. ���� Great to see even gambling sites take their users' security seriously.

    Posted: 04 Feb 2018 08:03 PM PST

    Stealth Address in Bitcoin Cash

    Posted: 04 Feb 2018 02:10 PM PST

    As requested, a picture of a dinosaur holding Bitcoin, while mammals are poised to adapt for the future

    Posted: 04 Feb 2018 04:32 AM PST

    Paid trolls..

    Posted: 04 Feb 2018 11:53 PM PST

    Request: An AMA with Elizabeth Stark in this forum

    Posted: 04 Feb 2018 12:37 PM PST

    I would love to have Elizabeth Stark on an AMA here. This will give her the opportunity to provide answers to the questions about Lightning Network's viability as a payment system.

    If this post gets a lot of upvotes, please let her know.

    submitted by /u/BitcoinPrepper
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    People Knew This a Year Ago. I blame the herd of greedy newbies and the Blockstream propaganda machine. and Core.

    Posted: 04 Feb 2018 09:26 PM PST

    This video is a really incredible, easy-to-understand, beginner's level speech on the 5 things which must happen for Bitcoin Cash to become mainstream. Presented by Jimmy Nguyen (nChain Group CEO).

    Posted: 04 Feb 2018 06:40 PM PST

    Satoshi quotes prove that the original bitcoin scaling plan was very clear from day one. And guess what ? it was not to have a centrally planned quota below market demand by the use of massive censorship and demonizing miners

    Posted: 04 Feb 2018 09:59 AM PST

    An anonymous individual named Theymos controls the 2 main places where discussion happens: bitcointalkforums and r/bitcoin subreddit, and is known for censoring all discussion favoring certain improvement proposals mainly in the scaling debate. The mere fact that only 1 person can control and censor online social interactivity should be a big warning sign for any liberty minded individual.

    I have no proof that this individual is linked to a certain company other than the fact that they both started to act in this space at about the same time, Blockstream was funded in 2014 and Theymos started censorship about rising the blocksize in 2015. Also note that the behavior of this individual serves the motives of the said company that explicitly explained that they plan on collecting fees on their own side-solution that the other (original) scaling solution would not allow them to collect.

    The direction they are pushing is also allowing another company named Bitfury to de-anonymize transactions incredibly more easily. Bitfury and Blockstream have both supported the same path for bitcoin (segwit), and both profit from it or plan to do it.

    The original scaling plan was however very clear, as per cited in the original whitepaper or satoshi himself:

    The [current] cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions

    = bitcoin is invented as digital cash for small casual transactions against the high-fees of the current system.

    The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. [...] They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism

    = proof of work is the only way to vote in the system = miners are to be trusted to choose the path of the network

    We define an electronic coin as a chain of digital signatures.

    = segwit destroys the very definition of bitcoin

    With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory

    = Moore's Law ensures that we never reach a scaling limit

    source for all of the above quotes: https://www.bitcoin.com/bitcoin.pdf

    It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

    = satoshi wrote some code on how to prepare a hardfork to a bigger blocksize YEARS ago

    "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." [...] Bitcoin generation should end up where it's cheapest.

    = satoshi envisioned asics, mining farms, and "specialized hardware" like asicboost, and that mining will end up in farms where it is cheap to mine

    Bitcoin can already scale much larger than [Visa] with existing hardware for a fraction of the cost. It never really hits a scale ceiling.

    satoshi in 2009, can it be any more clear ?

    submitted by /u/zhell_
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    Rick Reacts: Bitcoin's success path requires winning the merchants - and the window is closing

    Posted: 04 Feb 2018 09:35 AM PST

    ������Recent bitcoin donations from Pineapple Fund ������ (43 Charities supported so far by Pine) for information purposes only ***

    Posted: 04 Feb 2018 07:42 PM PST

    ACLU - $2 million https://www.aclu.org

    Women who Tech $250k https://www.womenwhotech.com

    Blueprint $50k https://www.calblueprint.org

    added today!

    Canine therapy Corps $250k https://www.caninetherapycorps.org/

    Follow Pine at u/pineapplefund

    https://pineapplefund.org/

    submitted by /u/bluesupermoon
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    On the positive side, the world’s dialogue has shifted from “Cryptocurrencies will never take off!” to “Which cryptocurrency will be the most widely used?”

    Posted: 04 Feb 2018 08:29 AM PST

    Keeping a positive attitude over here! :) It's truly amazing how much the dialogue has shifted since a few years ago! Baby steps. :)

    submitted by /u/scotty321
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    ANTI BITCOIN TROLLS in the other sub

    Posted: 04 Feb 2018 05:58 PM PST

    Has anyone else noticed the vast number of people trolling bitcoin in the other sub especially any article or news relating to bitcoin as an investment? Combine this with u/themos thread of responsible investing and you have a group of people who are seriously hostile to bitcoin - mocking anyone who dares out their faith and money into it.

    If bitcoin is such an awful investment why should anyone on earth buy it? It has no use.

    They are mocking people for putting portions of their savings into bitcoin. These users aren't banned. You are only banned if you discuss solutions to make bitcoin better such as bigger blocks. I see this as evidence that r/bitcoin mods are not only hostile to bitcoin but they are actively trying to undermine and destroy it.

    submitted by /u/remotelyfun
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    Be careful on Twitter for people impersonating public figures and telling you to send them money so you would receive back 10x. Report them also.

    Posted: 05 Feb 2018 01:13 AM PST

    There has been a rise in more people posting these scams. I have seen it happen to John McAfee and Roger Ver. Please take caution and report them also. Reporting does help if we do as a community.

    submitted by /u/thepaip
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    Gene Kavner, CEO of @iPayYouWallet (enable Starbucks and Amazon purchases): "We’ve made a very large investment in Bitcoin Cash. We believe very soon that the overwhelming majority of transactions will occur there."

    Posted: 04 Feb 2018 02:53 AM PST

    Why BCH: because BTC broke my original investment rationale

    Posted: 04 Feb 2018 11:56 AM PST

    The fee the market would settle on should be minimal. If a node requires a higher fee, that node would be passing up all transactions with lower fees. It could do more volume and probably make more money by processing as many paying transactions as it can. The transition [to a fee based market] is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces.

    - Satoshi Nakamoto

    submitted by /u/jessquit
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    Work around Banks ban on crypto credit card purchases

    Posted: 05 Feb 2018 12:20 AM PST

    Just watched the news in the uk banks ban as they are so caring and concerned about there customers buying crypto on credit cards (that is hilarious). But surely all anyone need to do is withdraw cash of their credit card from an ATM and buy in person with cash. Or they can pay the cash into there account or another account they may have and then buy with the cash,surely it's not possible to ban someone as there are work arounds. Maybe if any banker gangsters read my post,maybe you should ban all people owning credit cards that way you will all go bankrupt very quickly and we can have rid of your cartel for good.🖕

    submitted by /u/Grumpassman1
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    Creating CryptoKitties On BCH

    Posted: 04 Feb 2018 09:32 PM PST

    Is it possible to create a contract like this with the op codes Bitcoin had or with the changes BCH has in the works?

    submitted by /u/BriefCoat
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    TD Ameritrade add during the Superbowl - "Bitcoin futures now available"

    Posted: 04 Feb 2018 03:24 PM PST

    I did not get a screenshot.

    submitted by /u/cryptoanarchy
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    The nChain Group takes equity stake in Bitcoin(Cash) wallet project

    Posted: 04 Feb 2018 12:12 PM PST

    Legacy coin user excited to see his 1.281 sat/B transaction go through after 2 months.

    Posted: 04 Feb 2018 11:42 PM PST

    I Bought a Super Healthy Lunch and Smoothie Using Bitcoin Cash Today!

    Posted: 04 Feb 2018 04:05 PM PST
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