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    Thursday, November 1, 2018

    Home Unlabelled BTC Blockstream crew decided to not dress up this Halloween.

    BTC Blockstream crew decided to not dress up this Halloween.

    November 01, 2018

    BTC Blockstream crew decided to not dress up this Halloween.

    Blockstream crew decided to not dress up this Halloween.

    Posted: 31 Oct 2018 07:48 PM PDT

    Does anyone else not understand the drama?

    Posted: 31 Oct 2018 02:43 PM PDT

    When we split from Core, I followed every last detail. And I felt _very strongly_ that it was the right decision.

    Right now, I'm reading about op codes and transaction ordering a bunch of things that seem like low-level details. I don't understand why we're contemplating splitting the community over these things.

    So far as I can tell, all of the 'sides' will end up with a coin that can scale to epic proportions in terms of tx/sec, which is the only metric that really matters.

    What am I missing? Why do we care so much? If we're unsure of how to proceed, let's just wait a little longer rather than split into a zillion different coins.

    submitted by /u/TheSelfishGenie
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    Money Button is the second layer you've been waiting for. Not a new protocol, but a UI/UX and API layer for the blockchain that makes Bitcoin Cash easy for everyone everywhere. 0% transaction fees.

    Posted: 31 Oct 2018 10:45 AM PDT

    Daniel Krawisz: Bitcoin Stuff - I think I figured out nChain’s business model.

    Posted: 31 Oct 2018 09:17 PM PDT

    How can Bitcoin survive via hash voting and economic incentives if the world's economy is controlled and manipulated? November 15th scenario

    Posted: 01 Nov 2018 01:33 AM PDT

    Let's play a game for the purpose of this discussion and let's all put our tinfoil hats on. Create a folder in your mind named "possibilities" and play along, if you will.

    ​

    Picture a world totally controlled by a mechanism called money that some private entities issue and manipulate. They dictate interest rates of central banks, orchestrate the economic crises, manipulate the money supply creating money out of thin air and use this air, among other things, for buying bonds and public debt and give a false sense of economic stability.

    ​

    Picture an evil elite using this mechanism to buy out all the main governments, pharmaceutical companies, patent offices, education system and communication channels.

    - Internet is born and frees communications, yet they do as much as possible to control ISPs, issue surveillance laws (the Five Eyes Alliance), control main media channels like Facebook and Twitter and ban dissenting opinions, and keep a firm grip on the population, giving people a false sense of freedom.

    ​

    - One day Bitcoin is born. Years later, they manage to buy all the developpers under a single company and ban and smear all those who don't comply (even Gavin Andressen himself). Via shady measures like Segwit, they prevent miner voting and hijack the main representation of the Bitcoin project (BTC). Despite a successful centralization of the only tool that can free the world and make them lose their power, Mankind continues Bitcoin's open-source project (BCH), although it is only a minority chain due to media manipulation; unbeknownst to 99% of the population, when they learn about Bitcoin they believe it is their sabotaged project (BTC). They successfully handicap it and execute ridicule campaigns in mass media about its crash from 20k to 6k (which they might have also orchestrated via tools like Tether).

    ​

    - The continuation of the Bitcoin project, although a minority chain, works as designed by Satoshi and keeps gaining traction and establishing itself as a working peer to peer decentralized economic system. They infiltrate the community's communication channels and manufacture dissent using sockpuppets. With the minority chain somewhat divided, the Bitcoin project has less chance of being globally adopted. Even so, they are aware sabotaging Bitcoin is easier the sooner, so they utilize false-authority characters to start trying to dictate the direction the project has to take (BSV). Could have even set up some of the characters themselves years ago (what if CSW was one of their infiltrators and had fooled Gavin with some information about Satoshi their intel had provided him for that specific purpose?).

    ​

    - Aware of how Bitcoin works and their inability to hijack and sabotage the development of the project and the upgrades to its protocol this time (BCH), they begin using their money (backed by nothing, created out of thin air) to purchase computing power to now sabotage the project via hash rate come November 15th's hard fork.

    ​

    Picture the following scenario come November 15th: they point a massive amount of hashpower to their controlled chain (BSV). The free people who want to continue Bitcoin's original project mine the other chain (BCH-BU/ABC/...). However, since they have unlimited paper money, theoretically could have unlimited hash power. Their attack could also be aided by BTC miners who would enjoy seeing BCH die. A great amount of hash power is pointed to both BCH chains from them so that:

    - They control BSV

    - There's so much hashpower in BCH-BU/ABC/... to the point of mining unprofitably unless its price pumps.

    ​

    This causes people (Mankind, so to speak) who want to continue the Bitcoin project to have to mine at a loss due to the difficulty of the network (unless its price pumps greatly). How long can miners engage in this kind of war? Since the powers that be have unlimited fiat money, they can keep this operation going on forever, while people can't and would end up giving up. Big miners will not lose hundreds of thousands or millions of their own money in ideological wars - they are businesses after all.

    ​

    In this world: How can Bitcoin survive?

    submitted by /u/AwakeningLogos
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    Just reminding everyone that Satoshi Voting exists *in the blockchain* via Top Public Labels and so finding perfect consensus about future upgrades is possible today if the community adopts the solution

    Posted: 31 Oct 2018 04:55 PM PDT

    And the award for best Bitcoin themed costume goes to ... 1mgGreg

    Posted: 31 Oct 2018 04:57 AM PDT

    Looking for a simple bitcoin cash wallet? Try simply cash! (⁄ ⁄•⁄ω⁄•⁄ ⁄)⁄

    Posted: 01 Nov 2018 01:10 AM PDT

    Chris Pacia - "On one side you have the developers from every BCH implementation.. ABC, Unlimited, XT, Bitprim, Bitcrust, bcash, and bchd. On the other you have a single company threating 51% attacks and double spending exchanges. How is this not an attempted hostile takeover?"

    Posted: 31 Oct 2018 08:15 AM PDT

    Vanity Cash has been re-launched with added support for Money Button, memo.cash, and both BCH & legacy addresses, feedback welcome.

    Posted: 31 Oct 2018 01:59 PM PDT

    BUIP098 is a proposal by BU which aims to avoid splitting the chain by finding compromise. Instead of forcing everyone to choose one side with all new features bundled in as a false dichotomy. Miners can instead vote to activate individual features from both sides.

    Posted: 31 Oct 2018 06:35 AM PDT

    Gemini getting ready to add BCH. Dashboard says "Coming soon"

    Posted: 31 Oct 2018 08:24 AM PDT

    Let the BCH adoption begin! My Bitcoin Cash #BuiltForBusiness Super brochures have arrived! Next step, introducing Bitcoin to the local businesses in my community!

    Posted: 31 Oct 2018 12:06 PM PDT

    TIL that the $Chicken feeding is done using a candy machine sold by a company named iozeta. They also sell a "cryptopower" plug that operates similarly: donate BCH and the plug powers what ever is attached to it for a specified amount of time

    Posted: 31 Oct 2018 10:29 AM PDT

    https://www.iozeta.com/shop/

    I hope a few Twitch streamers start to use these products. Or maybe someone build a Rube Goldberg machine that's triggered every time someone donates to a specific wallet handle. Maybe the donations cause a series of lights to flash or a toy train to start up.

    There's potential for people to make some really creative things with these and the $chickens stream was just the start!

    submitted by /u/Awston
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    Ex-Bitcoin Skeptic Ron Paul Says Crypto Could Prevent Recession

    Posted: 31 Oct 2018 05:00 PM PDT

    Shower thoughts - low BTC capacity limit can influence price volatility.

    Posted: 01 Nov 2018 01:27 AM PDT

    OK so BTC/USD charts looks quite boring over the last month. BTC blocks are not quite full, but will be soon for end-of-year sales and consolidations. Fees naturally will skyrocket like they always do, and we'll likely see another episode of the drama known as "Unmoveable Coins". BTC inputs worth less than $20-100 won't be moveable, because it'll cost more in fees to move them than the total value of those inputs. Transaction volume will rocket upward, then stagnate as people lose hope of transferring funds without incurring losses. Many of us saw all of this transpire in November 2017, and there is no reason to believe it won't happen again (don't bother posting "Segwit/LN", as both of those "solutions" have pretty much proven to be garbage, exactly as anticipated "18 months ago x 4")

    ​

    My point is that if onchain volume is severely restricted, price can be controlled easily by a few whales and/or exchanges. Inter-exchange arbitrage opportunities will be limited for those not using Liquid, so that should make for some handy profits to Blockstream, and some unfortunate losses for rank-and-file exchange customers. Off-chain transactions would become the "fail-safe" transfer medium, and Blockstream would shift into high gear. Of course this phenomenon could also cause extremely stable prices, as trading bots iron out each other's fluctuations.

    ​

    I suspect that the late 2017 BTC price pump utilized the lack of liquidity to moon the BTC price. Someone smarter than me can probably run some stats and charts and correlate them with the Great Mempool Disaster of 2017.

    ​

    Happy to discuss.

    submitted by /u/horsebadlydrawn
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    Happy 10th Birthday: How Bitcoin started and flourished

    Posted: 01 Nov 2018 01:20 AM PDT

    Brazilian Cryptocurrency Exchange Wins Court challenge as Banks Reopen Accounts

    Posted: 01 Nov 2018 12:59 AM PDT

    Meanwhile in Tokyo

    Posted: 31 Oct 2018 04:55 AM PDT

    "The only way for everyone to stay on the same page is to believe that the longest chain is always the valid one, no matter what." - Satoshi Nakamoto

    Posted: 31 Oct 2018 05:07 PM PDT

    CoinGeek announces “Tokenized” Project as winner of £5M contest for Bitcoin BCH Token Solution

    Posted: 31 Oct 2018 08:02 AM PDT

    Celebrating The 10 Year Birthday of Satoshi's Vision The Right Way

    Posted: 31 Oct 2018 04:43 PM PDT

    Bitcoin Cash (BCH) now Tokenized

    Posted: 31 Oct 2018 09:07 AM PDT

    CoinGeek Adds Tokenization to Bitcoin Cash

    Posted: 31 Oct 2018 09:07 PM PDT

    Tom Harding of Bitcoin XT: "But sure, it's not worth abandoning BCH over any of these [SV] changes. Following ABC regardless of hash makes much less sense."

    Posted: 31 Oct 2018 09:52 AM PDT
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