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    Home Unlabelled BTC I'm just gonna leave this here

    BTC I'm just gonna leave this here

    May 26, 2018

    BTC I'm just gonna leave this here

    I'm just gonna leave this here

    Posted: 25 May 2018 12:47 PM PDT

    This sums up the state of Reddit's many Bitcoin communities

    Posted: 25 May 2018 11:26 PM PDT

    I am getting lots of signals that we are close to a breaking point, a speeding up in the ability of the Bitcoin community body to render the toxic core propaganda inert. After that, a flippening is pretty much a given. Only Tether is still a big unknown.

    Posted: 26 May 2018 12:01 AM PDT

    I am seeing more and more genuine people ask good questions. Why? Because in order for them to make decisions that will benefit them in the future, they need to know the truth.

    When this happens, eventually you will see key authoritative figures flip around. When that happens, people that listen to these authorities will also be willing to flip with them.

    Now I know what you are thinking: in Bitcoin there is no authority.

    Well you are dead wrong. If everybody had the exact same skillset as Satoshi (whomever he/her/they be) you would be correct.

    But my mom and dad will never fully understand Bitcoin and neither do they have a desire to. But when I tell them that Bitcoin Cash is Bitcoin and I can briefly explain to them why, that's good enough for them.

    They trust me. When it comes to Bitcoin, I am an authority in their lives.

    And so to say that there are no authorities in Bitcoin, is to deny the human factor in Bitcoin. This works for robots, but not for human beings.

    Again we can separate people in to two groups:

    • those that believe that people serve code

    • those that believe that code serves people.

    The Bitcoin Core camp is very strongly in the first group. The Bitcoin Cash camp is very strongly in the second group.

    But the Free Open Source Software movement came from people like Richard Stallman and Bruce Perens and Bitcoin and cypher punks in general came from that very same movement.

    Let's look at this quote from Revolution OS.

    Open Source is a way for people to collaborate on software without being encumbered by all of the problems of intellectual property, having to negotiate contracts every time you buy a piece of software, have a lot of lawyers involved. In general, we just wanna get the software to work and we want be able to have people contribute fixes to that, etc.. So we sort of sacrifice some of the intellectual property rights and just let the whole world use the software.

    Now ask yourself. What vision does this align with?

    The people serve the code

    The code serve the people.

    The answer is obvious, the code serves the people.

    If you are in the Core camp you have been bamboozled. Their and yours incentives don't line up. You got to ask yourself: Why am I in to Bitcoin?

    Because it you are just in to Bitcoin to get rich without doing any work... well ... either it already made you rich without doing any work. OR ... it might make your rich in the future. BUT THE WORK. THE WORK IS WHAT MAKES THAT HAPPEN OR NOT.

    So ask yourself this: Where are the workers? Where are the problem solvers. Where are the creative people.

    Because all I get from the bitcoin core people is: the code has spoken, final answer. We will remove any further questions. Even those outside or /r/bitcoin that are in the core camp will allow you to speak and debate untill they draw a line and start limiting your free speech: "This is about bitcoin, not the bcash altcoin. You are not allowed to talk about bcash any furder"

    I don't think that a value system like that could ever produce a better world. Unless you like to end up being enslaved by some code. Then there won't be a human being to talk to when you to to the bank. Just a computer that might say: no

    And if you want to get enriched by Bitcoin, long term ... it can only happen because Bitcoin produces real value for the entire world and you benefit from the overflow of that.

    So the choice is easy:

    Short term profit by basically plundering the fiat wallets of the new hodlers.

    Long term profit by creating something that adds value to the internet, and thus the world, and thus you.

    The first one is easy but that phase might end at any moment.

    The second one requires hard work.

    Neither of them are a given but I give option two a higher chance of success and option one a very high change of failure because it does not work on a human level and the incentives are skewed big time. It operates like those catholic priests that refused to translate the bible from Latin in to the language of the common man because that would mean that now people could read the text themselves and question their authoritative which would mean a loss of power and influence over them.

    Basically "we serve the code and you should not question it" is a religion. Well, it's very small so right now it's a cult. But if it grows big it might become a religion. Even when BCH takes over ... this danger will always be there. That we build something so glorious that we start serving it, instead of it serving us. Do not get enslaved.

    The choice is yours. Choose wisely because if you are all in to Bitcoin Core and the price drops to zero, you will loose everything. And who will compensate you. You think those people at Consensus 2018 will show you any mercy, sell their lambos and watches and give you some money back?

    I also posted this on /r/bitcoin but it got instantly removed by some code ...

    submitted by /u/Kain_niaK
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    If you don’t think Bitcoin should be usable as CASH, it’s not Bitcoin

    Posted: 26 May 2018 12:44 AM PDT

    Jihan Wu: Jack Liao is spreading rumors now that Bitmain 51%ed BTG. No, it was not Bitmain. It is possible that Jack Liao himself attacked BTG as a way to further steal funds from the community and attack BCH fork.

    Posted: 25 May 2018 11:33 AM PDT

    Vitalik wanted to build Ethereum atop Bitcoin. Why don’t we let him via BCH?

    Posted: 25 May 2018 08:20 PM PDT

    Obviously ETH already exists. I'm just thinking that it would add an incredible amount of value to BCH if it was everything bitcoin was originally supposed to be. In every way.

    We can have a non-corporate version of Lightning that we won't eventually charge fees for use. A fully functional layer two. A fully functional layer one.

    And why not an Ethereum-like platform that hosts ICOs and other smart contract systems? As I recall, the Core devs said that that was too risky and would compromise the simplicity and security of bitcoin.

    Thoughts?

    submitted by /u/BitttBurger
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    $250,000 Offer to Reddit

    Posted: 25 May 2018 09:14 AM PDT

    I only was to lazy to write “Bitcoin” so I came up here

    Posted: 25 May 2018 01:32 PM PDT

    So I discovered so much projects. A great community. A fantastic speed and cheap-to-use coin.

    Thank you

    submitted by /u/IlNomeUtenteDeve
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    "This document is for information purposes only. Officially, Bitcoin script is defined by its reference implementation."

    Posted: 25 May 2018 09:18 PM PDT

    https://en.bitcoin.it/wiki/Script

    When I started in Bitcoin, this message wasn't plastered on every technical Bitcoin wiki page. What a power grab.

    submitted by /u/MobileFriendship
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    What /r/Bitcoin mods desperately don't want you to see (again, and again)

    Posted: 25 May 2018 06:26 AM PDT

    Known Onramps

    Posted: 25 May 2018 05:46 PM PDT

    Its been some time now. The primary reason more of my friends have not adopted Bitcoin Cash is simply on-ramp ease.

    So lets try to make it easier for them, if you go to https://www.bitcoincash.org/#exchanges right now you will see a lot of exchanges, but there is no way to see "fiat to bch" easily. https://i.imgur.com/4UGfBAb.png

    Lets fix that.

    A good initiative would be a table or graphic or website showing onramp options so that people know which route(s) to take. I'll start it off, maybe it can work together with https://txhighway.com and have a street sign theme or something fun like that.

    If you have had experience with exchanging fiat to bch on those (or somewhere else), please comment ie:

    Exchname, CAD -> BCH...
    Exname, USD -> BCH, etc
    Exname, EUR -> BCH, etc

    It's easy once you have your own route to sit back and enjoy using it, but when you're just starting out it is overwhelming and time consuming to search through each one with only the possibility that it will exchange your local fiat to BCH.

    I'll start going through each one on the list in the comments and see if it is easy to know if fiat -> BCH

    update: well I went through them all. Honestly it makes me a tad concerned. There needs to be much more solid ways/options to exchange fiat to Bitcoin Cash and competition in that regard. It is no wonder they complain to me about it being "too difficult or invasive".

    submitted by /u/butwhyb
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    Two hour BTC/BCH discussion with me, Naomi, and Block Digest crew

    Posted: 25 May 2018 01:22 PM PDT

    Daniel Krawisz strikes back, defends his old writings, and hilariously nails the robotic mindset of the BTC community

    Posted: 25 May 2018 10:37 AM PDT

    Bitmain CEO Jihan Wu at Coingeek Conference

    Posted: 25 May 2018 08:17 AM PDT

    Let's be honest, Bitcoin Cash is the greatest invention ever since the wheel

    Posted: 25 May 2018 04:54 PM PDT

    I was going to say "ever since the Internet" but the latter is not as great as it could have been. If I think about the Internet then first thing that comes to my mind is CENSORSHIP. If I think about Bitcoin Cash then the first thing that comes to my mind is not a lambo but a realistic hope for a fair, universal and unbiased money. This is the peaceful revolution we've all been waiting for. It's a great time to be alive and this is why I believe a beautiful and very bullish Bitcoin Cash storm is forming.

    submitted by /u/1Hyena
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    Argentinian Bank to Use Bitcoin for Cross-Border Transactions

    Posted: 25 May 2018 09:49 PM PDT

    Court on blockchain. Earn tokens on solving claims

    Posted: 26 May 2018 12:41 AM PDT

    BANKEX has launched a new service - Smart Justice. Its purpose is to solve claims with help of arbitrators, who vote for an applicant or a respondent. And you can become an arbitrator! More details about the service: https://blog.bankex.org/bankex-smart-justice-when-irrefutable-judgment-gets-real-6bd5edfd694. And every arbitrator is rewarded with tokens of the project. Now they are running a bounty campaign in order to promote this service. So, hurry up to join them - https://bounty.bankex.com/new_agreement/smart_justice_bounty

    submitted by /u/madiyarov
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    When this post is 40 minutes old, the race begins for bitcoin prizes. Solve the puzzles first, and you win!

    Posted: 25 May 2018 05:20 PM PDT

    Why have we heard nothing from BTCers with respect to Clemens Ley's presentation on Bitcoin being Turing Complete?

    Posted: 25 May 2018 01:46 PM PDT

    Memo update released: Polls on memo and more!

    Posted: 25 May 2018 05:08 AM PDT

    The US government legislation is hurting sex workers. A startup leveraging blockchain and Monero is fighting back.

    Posted: 25 May 2018 08:20 AM PDT

    Everyone Is Wrong About Money Except the Austrian School

    Posted: 25 May 2018 01:11 PM PDT

    How would something like FileCoin work on BCH?

    Posted: 25 May 2018 03:02 PM PDT

    TLDR; is it possible to replicate a utility project like FileCoin on BCH today or is there more work needed to enable these scenarios?

    FileCoin and perhaps every similar project stores the hash of a file and its addressable name on its chain, and then stores the actual data on what is practically a side chain (i.e. IPFS).

    I'm not sure but I suspect the reason these types of "utility" projects invariably end up minting their own assets is because attempting to do the same thing on a major chain introduces specific challenges with incentives.

    With something like how Factom used to be, or Counterparty is now, you might replicate the hash and address aspect on BCH and pay miners to store that data in a transaction in a block. But then you're left maintaining the side chain and your user has already paid BCH, leaving potentially nothing left for the side chain network providing the storage and bandwidth of the files the user wants to consume.

    If you wanted to make "Dropbox for BCH", how could you incentivize others to store and serve your files? There would have to be a continuous source of (fair) profit to continuously serve files.

    The idea of a smart contract between the person consuming the files and the person storing and/or serving them is natural, but you would have to somehow invalidate that contract or not sign it until you were sure the service was good ("proof of replication", "proof of quality", etc.), so the contract has to be a revolving door of sorts where providers come and go. Just like an exchange, but with a fitness function that decides whether the transaction goes through or not.

    But then the utility network is de-facto a mediator/escrow between two parties which becomes problematic, approaching "layer 2". To say nothing of how to trust the data oracle that decides whether the client got the files the way they expected.

    So I must be missing a critical distinction, because many people say that alts are not necessary due to the existence of op_codes and the ability to store arbitrary data on Bitcoin.

    Replicating FileCoin has to either be a use case expressible as a smart contract with a very short time window plus a fitness function, or are we going to need to literally store the files on chain? I don't know enough about chain economics, but wouldn't you need to buy an entire block worth of transactions to store a 32MB-ish block of data?

    submitted by /u/cryptocurrentsee
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    Satoshis answer to early "full node" proponents: "Only people trying to create new coins would need to run network nodes."

    Posted: 25 May 2018 06:02 AM PDT

    Proof of Work Coins on High Alert Following Spate of 51% Attacks

    Posted: 25 May 2018 05:50 PM PDT
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