• Breaking News

    Monday, February 19, 2018

    Home Unlabelled BTC There's no such thing as mistakes, just happy little corrections.

    BTC There's no such thing as mistakes, just happy little corrections.

    February 19, 2018

    BTC There's no such thing as mistakes, just happy little corrections.

    There's no such thing as mistakes, just happy little corrections.

    Posted: 18 Feb 2018 02:43 PM PST

    Be careful with cross-chain atomic swaps! I've found a (fixable) exploit in the most common implementation (OP_HASH160 <hash> OP_EQUALVERIFY)

    Posted: 18 Feb 2018 07:56 PM PST

    Hash locked atomic swaps are a fantastic idea, allowing two parties to exchange distinct cryptocurrencies without having to trust each other. It involves a careful dance of "I'll let you take my funds but in doing so you have to reveal a secret that lets me take your funds."

    However, I've recently discovered that the most common implementation of smart contracts for atomic swap typically has a subtle bug involving incompatible secret sizes between different cryptocurrency scripting languages. It therefore affects some trading pairs (BTC <-> ETH) but not others (BTC <-> LTC).

    The bug allows one party to steal the funds of the other, without risk. All details here, including a simple fix:

    https://gist.github.com/markblundeberg/7a932c98179de2190049f5823907c016

    I've only been into crypto for a few months and I've taken a liking to Bitcoin Cash and r/btc, and I think you guys deserve a warning. Feel free to spread it around! Cheers, -Mark

    PS: I have another idea I'm writing up that should ease the risk of instantly accepting unconfirmed payments. Like GreenAddress but better. Keep an eye out for my next post, in the next couple days!

    submitted by /u/markblundeberg
    [link] [comments]

    In 2018 what are your favorite coinmarketcap.com alternatives and why?

    Posted: 18 Feb 2018 09:41 PM PST

    I've been following the prices of altcoins very closely since July 2017. Thorough close analysis of coin ranks relative to the other top digital assets I have been building confidence using my own trading rules & strategy (very important to follow market signals, and discard impulsive emotions).

    The issue is that I need to use a trustworthy cryptocoin ranking website. Some cryptocurrency market capitalizations have been slightly exaggerated or shouln't even have been listed (eg the Bitconnect period) on coinmarketcap.com - which is why it's time for me to find a good alternative.

    So which are your favorite similar sites to coinmarketcap, and please could you explain why people like to use it or which advantages the website has?

    Really appreciate all help on this :)

    submitted by /u/TistBtc
    [link] [comments]

    My Uber driver takes tips in bitcoin. “I appreciate and HODL all tips!”

    Posted: 18 Feb 2018 09:26 PM PST

    Bought hot sauce from PexPeppers on OpenBazaar paying with BCH

    Posted: 18 Feb 2018 08:23 PM PST

    Yoshitaka Kitao, Representative Director, President & CEO of SBI Holdings: "Japan’s SBI Group Mining Bitcoin Cash Now"

    Posted: 18 Feb 2018 07:50 PM PST

    One of biggest bitcoin companies is now an enemy of bitcoin! Unbelievable.

    Posted: 18 Feb 2018 02:38 PM PST

    Bitcoin now wants to make Bitpay their enemy. Fuck adoption. Fuck what Bitpay did to get bitcoin mainstream.

    Propaganda in all its glory.

    submitted by /u/bambarasta
    [link] [comments]

    We need to organize more BCH charity events that can be confirmed as not fraud, like the guy who fed people in Venezuela. Micropayments, generosity, and tipping have been a part of Bitcoin culture since the beginning. I for one, will contribute to them all.

    Posted: 18 Feb 2018 09:27 PM PST

    Wyoming Bill Would Exempt Cryptocurrency from Property Taxes; Encourage Use and Help Undermine Federal Reserve Monopoly on Money

    Posted: 18 Feb 2018 10:29 AM PST

    Rick Falkvinge on the Lightning Network: Requirement to have private keys online, routing doesn't work, legal liability for nodes, and reactive mesh security doesn't work

    Posted: 18 Feb 2018 09:06 AM PST

    Somebody should make a 10 minute VPN service where you get VPN access for 10 minutes just by sending 0.0001 BCH to the address on the website (different address per visitor of the website)

    Posted: 18 Feb 2018 10:02 PM PST

    You send them 25 cents worth of Bitcoin Cash and you get a VPN service that works for 10 minutes. No account or anything. Just a website that show you a Bitcoin Cash address. You send Bitcoin Cash to it from your address, when received the websites gives you acces to their VPN service. It works for 10 minutes. 0 conf or 1 conf based upon IP address or region (if fraud occurs)

    Need longer? How about 30 cent for an hour? 75 cent for a day?

    etc etc. Every time you run out the website could show you the next option and the price per hour/day goes down.

    All the prices could be calculated dynamically based upon usage. The more people use it that day, the cheaper it is.

    Let people input the URL they want to use it for, and choose the country they need the IP adres to be from so the website can get the cheapest and best solution that does the job.

    Anonymous surfing and without any geoblocking on demand prices dynamically based upon demand.

    Like right now all I want is to see a video on nos.nl that I can't find anywhere in the world. And the video is not even 10 minutes.

    Somebody please code this up and then become a billionaire with it and then send me some Bitcoin Cash for the good idea.

    I will use this service ever fricking time some asshole on the internet limits my freedom with this stupid geoblocking thing as if there are actual border on the fricking internet. Even if I can torrent the shit for free I will use this service. I promise.

    • dynamic pricing means when an event is going on and 10 000 people use the site the price goes down even though the load goes up. The site itself does not need to provide the VPN acces, it just needs to have deals in place with existing providers.

    • no questions asked whatso ever. No acccouts. No ads. No drama. No bullshit. No nothing. A BCH address and a FAQ button and a download VPN software button

    • within 10 seconds of you paying the BCH the website changes and shows the VPN login and password

    • Needs to have newly developed VPN software that is open source and free as in beer and as in speech. Every platform every device if possible. Support for routers that support VPN. You get a steam:// type of link with all the VPN settings in it. So you click on it and if that VPN software is installed you are on the VPN.

    • Everything completely anonymous, communication with support done through the BCH address you paid from. that is your ID on the website.

    • Completely transparent stats, load, deals in place with VPN providers. Free market as in free speech. Transparent yet undercover. etc etc. Make it a nerds dream.

    So I want a VPN service that allows me to, if I have that VPN sofware installed. To be on a VPN within 1 minute of me needing one for just like one video or stream.

    After that 10 minutes the websites changes. You get a link to a form where you can rate the service. You get the option to go for another 10 minutes at a slightly lower price or get a selection of options. 1 day, 1 week, 1 month.

    And then you have wholesale type VPN. Like voipbuster where they get to sell all the unused VOIP minutes from the big companies and sell them very cheaply to poor people like me. Have existing VPN provider sell you the capacity they are not using.

    And pay me 1 BCH to 1Niak6WPi1NDYquYGBc6TYVerheyEGeXM7 in 10 years for the great idea.

    If I have any funds available in the next couple of years I will be the first investor in your new type of VPN service idea,

    Call it VPNpleasebit.ch or something. Nobody will forget that.

    Have v.ch forward to it so I don't have to type so much. Or HelpSatos.hi or something.

    Switzerland and BCH, they are going to go a long way.

    Swizz banking 2.0 (that one is free) but without banks. Bethebankbit.ch

    submitted by /u/Kain_niaK
    [link] [comments]

    Reporting live from Anarchapulco, BCH-dev Amaury Sechet: 'BTC is bitcoin-quota'

    Posted: 18 Feb 2018 02:29 PM PST

    Amaury explained why BTC is expensive, slow, and unreliable because the 1mb block size creates a quota limit on transactions.

    He and some others decided to fork away from BTC last August to keep bitcoin cheap, fast, and reliable by eliminating the quota.

    We don't want a system that works one month and doesn't work the next month.

    The transaction fee goes down because nobody is using it? That's not what you want.

    We can do Visa-level transactions with a mid-grade computer.

    Sure at some point on-chain may run out of ability to scale, but we have plenty of time to deploy multiple solutions until that happens, and he says he wants to deploy all of them.

    He says lightning is still being developed.

    Now the few Core-partisans are lining up to ask questions.

    Some asking about centralization caused by larger block size. Another question about energy use of bitcoin.

    "Gigabyte blocks are not that big. US and Canada internet sucks. In Europe and much of the world we have cheap gigabit connections."

    One guy is asking people to call BTC as "bitcoin-core," not just "bitcoin." Questiner says BCH has multiple devs, is that really centralized when BTC has just one dev group, Core?

    Amaury is explaining how BCH dev is significantly decentralized and competitive. If the bitcoincash-ABC wallet starts falling behind, others will gain market share.

    Core-guy is asking about about BCH malleability.

    Amaury: we have fixed 3rd party malleability, he has a general fix in mind and hopes to deploy it in the November BCH fork, but he has to convince others too, it's not up to him.

    Guy asking about transaction times of 10 minutes, how can a merchant take instant payments? (Basic bitch question)

    Amaury: we removed the transaction with highest fee being the preferred transaction (RBF) and nodes will generally choose the first seen transaction. So it works now but not perfectly. For point of sale transactions the ideal transaction time is like 3-5 seconds max. We have some ideas in mind to make that possible with high security but he not ready to talk about it.

    That's about it. I couldn't record everything! Hopefully Amaury's talk will be made available for free online sometime soon.

    Consider attending Anarchapulco next year! There're 1600 anarchists and ancaps here this year, up from 600 last year. Everyone here loves bitcoincash, there's only a few unenlightened Core partisans here. And Acapulco is lovely.

    And I got to meet Roger Ver as well as many other libertarian heroes. Ron Paul spoke last night to rapturous applause and endorsed crypto tech. And my personal favorite, Larken Rose.

    Later guys, stay encrypted!

    submitted by /u/Anen-o-me
    [link] [comments]

    The search continues

    Posted: 18 Feb 2018 08:46 AM PST

    On-chain scaling will fuel advances in technology

    Posted: 18 Feb 2018 08:48 PM PST

    This is a point I think I never see discussed in the advantages of onchain scaling and what makes Bitcoin Cash truly unique. In short, Bitcoin Cash will not just follow Moores law - it will help accelerating it exponentially.

    If you consider the fact that in order for you to have a full node (which a mining node has to be), you would have to have the blockchain data synched. Therefore, as the use of Bitcoin Cash increases, mining nodes and users that want to have a full node will have to invest not only in mining hardware but also in storage space. Right now, this might not be that much of a problem, but it will eventually.

    Now, think about this - Bitmain already buys more wafers than NVIDIA. If Bitcoin Cash would ever turn out to be a global payment that would be widely adopted, the amount of money that would be poured into companies like SanDisk and Western Digital would skyrocket. Even storing the blockchain itself will be used as a parameter of value, additonal to the cost of hardware.

    As for Bitcoin Core, it wont affect storage as much as Bitcoin Cash but it will affect processor speed. But think about this example on what will be considered more valueable. Imagine that Bitcoin Core and Bitcoin Cash would have the same hashrate. A blockchain with less data would be the blockchain that would have less hardware invested in it. Basically, the money that would be invested to mine Bitcoin Cash would be more than it would be in Bitcoin Core.

    Now, Bitcoin Core touts itself as a store of value because it artificially has blocked the block size increase. But does that really make it more valuable, considering our previous example where both coins have the same hashrate? Wouldn't the coin that you have to invest more actual hardware to use in mining make it more valuable?

    Basically, in a future where Bitcoin Core remains the most used cryptocurrency we will probably see an increase in research and investments processors, whereas a future where Bitcoin Cash would be the most used cryptocurrency we would see an increase and investments in processors and storage space.

    submitted by /u/lte13
    [link] [comments]

    Core Shill Gets Boo'ed Off By Audience at Anarchapulco (go to 28:30 for question that sparks it)

    Posted: 18 Feb 2018 04:47 PM PST

    Sneak Peak at 'Bitcoin Cash MiniPOS Server'... Merchants can soon accept in-store 0 confirmation BCH payments processed in under 30 seconds.

    Posted: 18 Feb 2018 05:06 PM PST

    Jeff Berwick Anarchopulco Must Watch

    Posted: 18 Feb 2018 05:54 PM PST

    First GitHub Bitcoin Cash bounty claimed that wasn't posted by myself!

    Posted: 18 Feb 2018 02:09 PM PST

    Laughed at this for 5 minutes straight and I'm still determining whether it was actually funny or not.

    Posted: 18 Feb 2018 04:58 PM PST

    They are so confused, while eating themselves alive.

    Posted: 19 Feb 2018 01:07 AM PST

    • We hate regulations, but we will regulate to comply the regulators
    • We are the original, but we've change all principles
    • We are inclusive, but we ban all with other opinions and we disqualify 80% of world population, they are just too poor for us.
    • We are open, but you should start your own project if you don't agree
    • We FUD them to death, but with what arguments? Lets make up BCASH, what else can we do?
    • We are better, but we know it's not true.
    • We are open, silence those who are opposing this message.
    • We are known as fast and cheap, but things change, deal with it.
    • We are a store of value, our domination drops like a brick trough the cloud.
    • Bitcoin holds the strongest security philosophy, let's break it with LN.
    submitted by /u/CoinMarketSwot
    [link] [comments]

    Name-calling Bitcoin Cash as "BCash" or "BTrash" (I recommend pasting the link to this video as the sole response to anyone you see who indulges in such behavior)

    Posted: 18 Feb 2018 02:56 PM PST

    Here is a video of AA admitting that LN nodes/hubs can be hacked and users' funds stolen, yet this crook turns it around to say that this security flaw is good because it will encourage decentralisation. AA is 100% corrupt

    Posted: 18 Feb 2018 03:42 PM PST

    Roger Speech at Anarchopulco

    Posted: 18 Feb 2018 11:46 AM PST

    You can do lots of cool stuff with a limited block size and also get ppl attracted with it. But than bigger blocks will take over leaving the romantics behind. This is what BCH does.

    Posted: 19 Feb 2018 01:10 AM PST

    Athena Bitcoin Integrates Bitcoin Cash Support for All Its ATMs

    Posted: 18 Feb 2018 12:19 PM PST
    Read more
    at

    No comments:

    Post a Comment