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    Home Unlabelled BTC Cobra-Bitcoin's grief over Bitcoin Cash is finally over

    BTC Cobra-Bitcoin's grief over Bitcoin Cash is finally over

    March 06, 2018

    BTC Cobra-Bitcoin's grief over Bitcoin Cash is finally over

    Cobra-Bitcoin's grief over Bitcoin Cash is finally over

    Posted: 05 Mar 2018 04:57 PM PST

    Cøbra on Twitter "Increased my holdings of Bitcoin Cash today. There was a long need for a blockchain good for payments"

    Posted: 05 Mar 2018 11:11 AM PST

    eGifter adds BCH!

    Posted: 05 Mar 2018 10:42 PM PST

    BCH PLS ! Tipping Tuesday (free magic internet money)

    Posted: 05 Mar 2018 09:43 PM PST

    https://bitcoin.com/bitcoin.pdf

    BCH = Real Bitcoin

    Tell me why BCH is the future and I will tip you 200bits

    submitted by /u/CityBusDriverBitcoin
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    BCF response to the request to BCF to pay for ABC development.

    Posted: 05 Mar 2018 04:06 PM PST

    This is in response to this thread...

    https://www.reddit.com/r/btc/comments/826fal/bitcoin_abc_has_received_only_3_bch_in_donations/

    Thank you for bringing this up. The community has trusted the Bitcoin Cash Fund with so much recently, and we owe it to you all to help share BCH with the world. It's amazing that so many people want us to fund development as well, and we are absolutely open to that conversation. But I think we should be careful before making a decision like that.

     

    Developers need funding, there is no question about it. We all know that, and we know that it could potentially be the biggest reason that the BTC system of development fell apart. Developers weren't incentivised properly, and so they found a way to rent-seek on the network. We do not want this to ever happen again. I personally believe there are other fundamental reasons why BTC was captured, but this is beyond the scope of this discussion.

     

    Developers need to be incentivised in a way that gives them freedom, but also keeps them aligned with the goals of the rest of the network participants. The incentive system of cryptocurrencies is probably the most important, yet most poorly understood area in my opinion. The incentive system is not about code. It is about people and psychology. You have to answer the question...

    'How do you get people to freely choose to do what you want them to do?'

     

    With regards to the BCF funding development, firstly, until yesterday, we did not have very much funding. To put it in perspective, with all the funds we had, we could have paid a single developer for about 6 months, and would not have a cent left over for anything else.

    Secondly, and possibly more importantly, funding development is outside of the stated scope of our organisation. To be specific our mission statement is:

    Our mission is to help Bitcoin Cash (BCH) serve one billion users within five years.

    We believe that the key to success for Bitcoin Cash lies in making sure it is adopted as a global payment system. To achieve this we need to rapidly grow both business and user adoption in unison to develop a closed-loop economy that benefits everyone.

    The Bitcoin Cash Fund supports community projects that help further these goals. We believe there is a tremendous amount of energy in the BCH community, and we aim to harness that energy and make BCH the currency of the future.

     

    We are, or intend to be, the marketing and sales department of the Bitcoin Cash ecosystem. This is the area that has been sorely lacking for the past 9 years. Having a great product is not enough. You need people to know that your product exists and why they should use it.

     

    Right now, people in Venezuela are starving because their government and monetary system failed them. If every person in Venezuela converted their bolívars to Bitcoin at the beginning of 2017, not only would they have avoided the 96% loss in value, but they would have become a rich and prosperous country. This didn't happen, but not because the technology wasn't ready (ignoring the block size debate), but because people are not aware of what Bitcoin (now Bitcoin Cash) offers them. That is a marketing and sales issue. We have to get it in people's hands as soon as possible. This is the stated goal and purpose of the BCF, to make sure Bitcoin Cash ends up in people's hands and everyone is using it.

     

    The things we fund internally and externally all attempt to directly increase awareness and adoption of Bitcoin Cash. Protocol development, does not necessarily directly achieve this. It lies just outside of the scope of our organisation. The reason why we have a defined scope, is so that we can focus. We receive comments on a daily basis saying that we should be funding X, or should not be funding Y, and if we did not have a defined scope, we would be funding both everything and nothing. We have to draw a line somewhere to determine our strategy. In my opinion this may have potentially been the reason why the Bitcoin Foundation collapsed. To this day I am still not sure what the stated goals, strategy and scope of the Bitcoin Foundation are.

     

    Even so, I should repeat, funding development is extremely important. I have been working the past month to find a way to help development inline with our scope, because I want us to do what we can. I spent some time evaluating and discussing with the development teams, and looked for high priority issues that need solving. The number one issue I found was coordination and communication between the development teams, and between the other major network participants including miners, major businesses and exchanges. Right now, coordination is poor. Shammah from ABC has been doing great work on improving the communication between the different development teams but communication between the rest of the ecosystem remains poor in my opinion.

     

    I have been looking to hire someone full-time to take on the role of improving coordination within the ecosystem. This person would work with the development teams, miners, exchanges and business to make sure communication is focused and any changes/upgrades that are made are implemented quickly across the ecosystem.

     

    To give an example, cashaddr was a badly needed fix to the problem of address formats on Bitcoin Cash, but still to this day it has not been implemented across the whole ecosystem. We want to make it as easy as possible for businesses to adopt changes such as these so that they can be rapidly rolled out.

     

    To summarise. We agree completely that it is extremely important that protocol development is funded, but that this does not fit within the scope of the BCF. If we did also fund development, this may put us in a position where we are a gatekeeper. We are looking into ways we can help that to fit within our scope.

     

    (If you think you would fit this role of industry coordinator, or know someone that would, please get in contact with me.)

    submitted by /u/singularity87
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    Twitter shut down Coinomi's official accounts earlier today. Stand up against censorship before they come for the next reputable crypto-service provider.

    Posted: 05 Mar 2018 04:00 PM PST

    Bitcoin.com has now exceeded 2 MILLION wallets :)

    Posted: 05 Mar 2018 06:21 PM PST

    Adoption ?

    Posted: 06 Mar 2018 12:57 AM PST

    The Awesome Bitcoin Cash List - let's show this repo some love! Looking for volunteers to help keep it updated.

    Posted: 05 Mar 2018 06:45 PM PST

    If Theymos and his peers (blockstream) just want Bitcoin-BTC to succeed for their own profits we are safe. But if Theymos and his peers (blockstream) secretly want to prevent Bitcoin from disrupting banking then we might see them all switch to Bitcoin-BCH and try to splinter yet another community.

    Posted: 05 Mar 2018 01:37 PM PST

    NEVER FORGET:

    What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.

    So building a strong community that has leaders with integrity that have earned respect and are trusted is the most important thing.

    Because if a market crash like the MtGox on in 2013 happens (-80% on Bitcoin) all the eggs will be scrambled again and a new omelet is created.

    So get to know each other. Join the discord server We need enough people that have a open identity. We need to learn from what happened with Bitcoin-BTC and be ready for when "they"(mos) try again.

    submitted by /u/Kain_niaK
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    Bitcoin Cash is making digital currency payments awesome again (made by @CryptoStratz)

    Posted: 05 Mar 2018 05:10 PM PST

    Bitcoin Cash charity raises clothing for the homeless. All clothes purchased using Bitcoin Cash.

    Posted: 05 Mar 2018 07:49 PM PST

    TIL about https://localbitcoincash.org

    Posted: 05 Mar 2018 02:31 PM PST

    Seems very useful to buy crypto without leaking your info. I'll try using it in my country!

    submitted by /u/lubokkanev
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    In 2013 everyone knew that Bitcoin could scale to tens of thousands of transactions per second on chain.

    Posted: 05 Mar 2018 04:13 AM PST

    When the horse is not so high... (a SegwitJW-doodle)

    Posted: 05 Mar 2018 11:32 AM PST

    Not as rich as you think…

    Posted: 05 Mar 2018 06:58 PM PST

    I want to draw your attention to the problem of high BCH withdraw fees on exchanges. (screenshot from WEX)

    Posted: 05 Mar 2018 03:03 PM PST

    Owner of Bitcoin.org prefers BCH over BTC!

    Posted: 05 Mar 2018 12:11 PM PST

    I made a post about buying a beer with BCH, I got trolled hard. I did not say anything about BTC. They are desperate. We are winning.

    Posted: 05 Mar 2018 11:20 PM PST

    Wise words!

    Posted: 05 Mar 2018 05:08 AM PST

    Patent Data Reveals the Banking Sector’s Strange Relationship with Bitcoin

    Posted: 05 Mar 2018 11:06 PM PST

    Bitcoin ABC has received only 3 BCH in donations and no funding from the BCF. I think this is wrong and needs to be fixed. Please consider donating something to their BCH wallet.

    Posted: 05 Mar 2018 06:48 AM PST

    Bitcoin Mystery Project - I am interested in any/all conspiracies, deceptions, glitches, cons and half-truths related to crypto! Tell me your weird stories.

    Posted: 05 Mar 2018 05:56 PM PST

    http://slop.systems/bitcoin-mystery-project.html

    I've just put up the site about twenty minutes ago.

    I spend a lot of free time looking these things up, so I figured I may as well get organized and share my findings in the process! /r/btc seems to have more early adopters/veterans, so I figured it would be more popular here.

    No apologies for the web design, btw :p

    submitted by /u/ffffslop
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    "Craig having shown me privately, and two of the leading Bitcoin experts in the world privately, that he had access to the Satoshi encryption keys...." Reporter who spent 7 months with Craig Wright.

    Posted: 05 Mar 2018 04:40 PM PST
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