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    Friday, September 7, 2018

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    BTC This sub is under major attack

    September 07, 2018

    BTC This sub is under major attack

    This sub is under major attack

    Posted: 06 Sep 2018 11:40 AM PDT

    It's 2015 all over again. Maybe worse. In some thread there are more trolls than legitimate users. All kinds of unknown accounts are posting all over this sub, and voting patterns are going absolutely bonkers.

    Nobody attacks what isn't dangerous. What's dangerous is P2P e-cash. We just proved we can scale 20x past BTC. So now the gloves are really off.

    Edit: this post was at +10 then in a matter of minutes it went right to zero.

    Edit 2: three mins later it's at +8

    Edit 3: I think this is relevant

    submitted by /u/jessquit
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    An ELI5 on Canonical Transaction Ordering

    Posted: 06 Sep 2018 07:13 PM PDT

    Am I alone in looking forward to a mining war?

    Posted: 06 Sep 2018 08:34 PM PDT

    That would make a good test of the Bitcoin protocol after all.

    We could probably learn a lot from it.

    ​

    submitted by /u/PlayerDeus
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    When this post is 12 hours old, we will broadcast a live interview with the Benevolent Dictator of Bitcoin ABC, /u/Deadalnix.

    Posted: 06 Sep 2018 08:00 PM PDT

    The battle for control of the Bitcoin Cash protocol is raging, and Bitcoin ABC is at the heart of the drama.

    At 3pm GMT (which is 8am PST, 11am EST) on Friday, Sept 7, we will have the honor to discuss the Bitcoin Cash November Upgrade event with the lead developer of Bitcoin ABC, /u/deadalnix. If you have any specific topic requests, feel free to post them below.

    If you would like to help moderate the live chat during the broadcast, post your YouTube username below, and show up 10 minutes early for the event.

    Live broadcast link: https://www.youtube.com/chronoscrypto/live

    submitted by /u/ChronosCrypto
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    Bitcoin SV recruits "support" from a dubious "exchange"

    Posted: 06 Sep 2018 07:27 PM PDT

    My take on the BSV / ABC controversy: it feels manufactured

    Posted: 07 Sep 2018 01:56 AM PDT

    On the one hand you have nChain who wants a 128MB BSL and some new opcodes that may or may not be useful someday. But since the network has shown that it can't build blocks >22MB at this time, and since there's no organic demand to build even 32MB blocks, the 128MB BSL is extremely unlikely to cause a persistent split. So BSV's contentiousness that will cause a permanent split literally just comes down to a pair of opcodes.

    On the other hand you have ABC that wants to push in CTOR by November, even though Graphene doesn't need it now, and even though ABC hasn't even implemented Graphene. Their stated rationale is the possibiity of future multi-machine "sharding" even though they aren't even effectively multitheading yet.

    So it's a pair of opcodes on one side versus a highly premature optimization on the other side. This is contention for the sake of contention.

    This feels to me very much like a "good cop / bad cop" routine or an attempt to deliberately create a three-way split in BCH.

    The entire rush and rationale from both teams feels entirely unjustified at this time. If this were to be a deliberate attempt from both sides to work against the middle it could hardly be better organized.

    submitted by /u/jessquit
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    Coinbase F****ing Up My Account Without Any Reason

    Posted: 07 Sep 2018 12:06 AM PDT

    Hi there all!

    So, I had been a regular Coinbase wallet user for the past one year and regular used to send on and off some BTC. Yesterday, I woke up to this email:

    Hello,

    Thank you for your interest in Coinbase. Our primary goal is to make digital currency safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of achieving this goal, we are legally obligated to implement regulatory compliance mechanisms.

    Upon careful review, we believe your account has engaged in prohibited use in violation of our Terms of Service and we regret to inform you that we can no longer provide you with access to our service. We respectfully request that you follow the on-screen instructions presented when you log into your Coinbase account to send any remaining balance offsite to an external address.

    Should you have any questions or need assistance, please let us know and we'll be happy to help.

    Respectfully,

    Coinbase Customer Support

    ​

    I transferred out my BTC and called their support to ask what was the problem with my account. To my utmost surprise, the woman on the phone didn't even know why my account was closed/restricted. She said, check out your email, you'll be notified of the reason on email. Then this came in:

    ​

    Hi there,

    Thanks for the response.

    Unfortunately, we are unable to elaborate on our internal decision process. This decision remains final and we will not be able to remove this restriction from your account.

    We have not blocked access to the balance currently in your Coinbase account. While we can no longer process brokerage orders via our banking relationship, you may still send your balance to an external address and withdraw any remaining fiat from your fiat wallet to an active linked bank account.

    Thanks for your understanding and apologies for any inconvenience this has caused.

    Regards,
    Coinbase Support

    ​

    Could you believe it? "not elaborate on our internal decision"....

    ​

    Anyways, post your thoughts down here... If anyone of you guys have been through the same or know of the reason.

    submitted by /u/GuseppiGuliano
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    [To the core-apologists:] In what alternate reality would a block with almost 100,000 transactions in it be considered a failure? Or 2 million transactions per day?

    Posted: 06 Sep 2018 09:59 AM PDT

    Prime members in the U.S. are ordering more than 6,000 deals every minute"

    That would be 60,000 transactions per block, and that's their busiest day.

    63 percent of US Amazon customers are prime members, so that would be less than 100,000 transactions per block total.

    Amazon ships an average of 608 million packages each year, which equates to (an estimated) 1,600,000 packages a day.

    And many orders result in more than one package.

    Therefore, BCH could handle any transactional demand coming from Amazon for the foreseeable future.

    BTC couldn't handle 2% of Amazon's transactions per day without having a full mempool forever. While BCH could handle 100% of BTC's transactions AND 90 to 100% of Amazon's transactions, TODAY!

    So, I ask again, why do people still use BTC, when BCH is right now, (at a minimum!) 20 times better?!

    submitted by /u/324JL
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    Nonprofit Eatbch Shows How Every Little Microtransaction Helps - Bitcoin News

    Posted: 06 Sep 2018 08:13 PM PDT

    "Pay To Identity" — a proposed use of OP_CHECKDATASIG

    Posted: 06 Sep 2018 03:54 PM PDT

    I've written up a new gist here describing a use case for OP_CHECKDATASIG.

    https://gist.github.com/markblundeberg/bd28871548108fc66d958018b1bde085

    The idea is that you could make a BCH transaction pays to someone by name (or other identifier), rather than paying to a specific cryptographic key that they own. They don't even need to have a BCH wallet yet. The funds are not held in any custodial account.

    Thanks to u/jtoomim for sparking off this idea and a generous donation.

    submitted by /u/markblundeberg
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    List of Bitpay merchants that accept Bitcoin Cash / BCH (sorted by Alexa ranking; high profile names only)

    Posted: 06 Sep 2018 02:21 PM PDT

    Bitpay merchants that accept Bitcoin Cash / BCH (high profile names only):

    Alexa Rank Website Business Type
    42 Microsoft.com/store Software, Apps, Xbox Games
    602 NewEgg.com Electronics Retailer
    1,807 NameCheap.com Domain Names
    3,098 Avira.com Anti-virus & Internet Security Software
    3,649 ExpressVPN.com VPN
    9,637 PrivateInternetAccess.com VPN
    10,875 TorProject.org Tor Project (donation)
    14,122 Lieferando.de / Takeaway.com Food Delivery (Europe)
    14,797 Dish.com Satellite TV
    16,667 EFF.org Electronic Frontier Foundation / Privacy & Free Speech Activism (donation)
    21,704 Apmex.com Gold Dealer.
    21,928 Gandi.net Domain Names.
    32,545 Destinia.com Travel Agency.
    36,908 JMbullion.com Gold Dealer.
    120,413 Gyft.com Gift Cards.
    149,219 eGifter.com Gift Cards.
    239,453 SchiffGold.com Gold Dealer.
    293,392 BullionStar.com Gold Dealer & Storage (Singapore).
    3,257,840 PostOakMotors.com Rolls-Royce, Bentley and Bugatti Car Dealership (Houston, TX).

    Notable NON-BITPAY Merchants That Also Accept Bitcoin Cash (BCH)

    • Amazon.com via Purse.io - Use Purse.io & BCH to buy stuff on Amazon.com, with a 15%-20% discount.

    • CheapAir.com - Travel Agency.

    • Other: AcceptBitcoin.Cash - Bigger list of merchants that accept BCH.

    To pay a Bitpay-enabled merchant, use a Bitpay-compatible wallet.

    I recommend the Bitcoin.com Wallet, since it supports Bitpay merchant payments in BCH, it supports both CashAddr & legacy address formats for BCH, and you have the option of creating a BCH wallet without creating a BTC wallet.

    I probably can't use hyperlinks on the merchant list, because Reddit seems to auto-delete threads with certain banned domains (and I don't know which ones they ban).

    I'll try to regularly update & maintain the above list, but I'm only going to focus on high profile name businesses, to keep everything to a manageable size.

    submitted by /u/normal_rc
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    Done With Paypal / Stripe, Only Accepting BCH

    Posted: 06 Sep 2018 04:36 PM PDT

    After being ripped off by paypal and credit card processors so many times by fraudsters, i have decided to take one of my internet businesses fully Bitcoin (BCH), meaning i will no longer accept fiat transfers, credit card payment, or BTC.

    Say what you want, but there comes a point where outrageous multipercentage fees, fiat inflation, and fraud make it more worthwhile to only accept BCH. Why dont we accept BTC you ask? Because december 2017 taught us our lesson with 50 usd fees and 2 week confirmation times, and angry customers who thought our business was broken, not realizing that it was just bitcoin that was broken.

    BCH only from now on.

    submitted by /u/getrich_or_diemining
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    Vote Manipulation here on r/btc, Just a reminder that this exist, we need to take measures of this

    Posted: 06 Sep 2018 10:30 PM PDT

    Craig Wright is a patent troll who tried to patent the concept of a blockchain application

    Posted: 06 Sep 2018 05:10 AM PDT

    There is a counterpart to "Pump and Dump." It's called "Poop and Scoop" and it works best in bear markets. Adjust your expectations accordingly.

    Posted: 06 Sep 2018 12:06 PM PDT

    Bitcoin Uses Less Energy Than Banks - Mining Is "Conversion of Electricity Into Money"

    Posted: 06 Sep 2018 03:05 PM PDT

    Hey, u/ryancarnated when are you launching moneybotton?

    Posted: 06 Sep 2018 09:52 PM PDT

    Paging u/ryancarnated

    Edit: moneybutton

    submitted by /u/N0T_SURE
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    There's a lot of people thinking that others are somewhat obsessed with Craig when we debunk what he says. Unfortunately he makes many mistakes all the time: Turing Completeness and CSW most recent interview.

    Posted: 06 Sep 2018 05:56 PM PDT

    People like me are surely upsetting some CSW supporters. They call us "shills" or "bitmain shills" and such nonsense when we point out CSW mistakes. Since I believe there are people out there who support CSW in good faith because they don't have some technical background, I decided to post this.

    I'll use only the beginning of the last CSW interview to show you how he is plainly wrong and can be verified easily without knowing CS or math.

    In this interview CSW claims that people do not understand that Turing Completeness is the ability to calculate any number.

    This is completely false, and it is very simple to debunk it. There are effectively real numbers which are not computable. That is, there are numbers that your machine cannot compute.

    One known such number is Chaitin's constant - Chaitin omega number.

    Chaitin omega number actually defines an infinite class of transcendental numbers which are not computable. So, not only there is at least one real number which is not computable, but an infinity of them (craig missed an infinity).

    I'd like to go a bit further to debunk yet another claim, but this is more complicated so you can skip.

    Recall that CSW also said in that passage that people are missing the point when they say that a TM needs to have the ability to loop.

    Now lets go back one step. What numbers then a TM needs to be able to compute? What means to be turing complete? It means that the machine has the ability to calculate all algebraic numbers and also some transcendental numbers, such as e and π. These we know can be computed with arbitrary degree of precision (that is, there exist an algorithm that will print the n-th digit of those numbers), but the machine may never halt and reiterate the same code if we don't set any degree of precision.

    Algebraic numbers have finite algorithms because they are the root of polynomials in one variable with rational coefficients. The polynomials are themselves finite by definition, and the operations are thus in finite amount. Those operations are computations!

    So the important thing is to look at transcendental numbers.

    Calculation done with them may never halt because they do not have a finite description such as algebraic numbers (the finite description of algebraic numbers is their polynomial).

    Ok, I went a bit far here, but the point is that CSW is also wrong in the second claim because to compute a transcendental number one needs to loop code endlessly, since the program cannot halt in a finite description such as in the case of algebraic numbers.

    For instance, a program can halt if it finds the relation x2 = 2 and print the square root of two, even tho sqrt(2) is irrational and has an infinite non periodic decimal expansion. Such thing is not possible for π.

    submitted by /u/rdar1999
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    Twitter finally banned alex jones permanently..... time for some people to educate him on memo.cash or at least gab or something

    Posted: 06 Sep 2018 02:43 PM PDT

    Twitter finally banned alex jones permanently..... time for some people to educate him on memo.cash or at least gab or something

    ​

    Some of you may not like him but free speech is free speech and that is what is important

    ​

    and he also has millions or followers so there is that too

    submitted by /u/anzel2002
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    CNBC Reverse Indicator Proves Accurate for Recent Bitcoin Crash

    Posted: 07 Sep 2018 01:55 AM PDT

    Bitcoins can now be used to purchase a Rolls Royce

    Posted: 06 Sep 2018 10:04 PM PDT

    Goldman Sachs CFO: Recent Reports about our Crypto Trading Desk Were 'Fake News'

    Posted: 07 Sep 2018 12:58 AM PDT

    Alex Jones, come to Memo.cash

    Posted: 06 Sep 2018 04:35 PM PDT

    CSW: Worm-a-nomics

    Posted: 07 Sep 2018 01:37 AM PDT

    Crypto fever rises to 79% in the US; with Bitcoin showing the most popularity

    Posted: 06 Sep 2018 10:33 PM PDT
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