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    Home Unlabelled BTC Kraken has enabled Bitcoin Cash (BCH) and Bitcoin SV (BSV) funding and will automatically split them

    BTC Kraken has enabled Bitcoin Cash (BCH) and Bitcoin SV (BSV) funding and will automatically split them

    November 22, 2018

    BTC Kraken has enabled Bitcoin Cash (BCH) and Bitcoin SV (BSV) funding and will automatically split them

    Kraken has enabled Bitcoin Cash (BCH) and Bitcoin SV (BSV) funding and will automatically split them

    Posted: 22 Nov 2018 01:21 AM PST

    CoinGeek turned on 1.8 EH/s of apparent hashrate rentals on Nov 8th

    Posted: 21 Nov 2018 11:06 PM PST

    Olivier Janssens: Coinex now accepts BCH and more importantly SV deposits and will automatically split your coins for you.

    Posted: 21 Nov 2018 07:32 PM PST

    Kraken - Deposits and withdrawals are now enabled for Bitcoin Cash (BCH) and Bitcoin SV (BSV). 15 & 30 confirms, respectively. Sending a non-replay protected BCH or BSV tx to a Kraken deposit address will result in a credit of BCH *and* BSV if the tx transferred both.

    Posted: 22 Nov 2018 01:57 AM PST

    Network Split Attack (Why I think ABCs reorg protection is a horrible idea)

    Posted: 21 Nov 2018 08:08 PM PST

    So as far as I understand Bitcoin ABC recently added deep reorg protection in the sense that every block with depth 10 or more becomes immutable and protected from chain reorganisation. This in particular means that a node will stay on a minority chain if switching to the majority chain requires a reorg of 10 or more blocks. In the following I outline some thoughts on a possible attack which exploits this behaviour to irreversibly split the network.

    The assumption of this attack is that there is an attacker with a significant share of the hash power at his disposal (which in my understanding is also the assumption that lead to the implementation of deep reorg protection in the first place). The attack takes place as follows:

    • At the current block X the attacker starts mining a private chain (called attack chain in the following), competing with the chain build by the honest miners (called honest chain in the following).

    • Given a sufficient share of the hash rate the attacker has a chance to reach a chain of length 10 (measured from X), before the honest miners do. If he fails he simply abandons his chain and starts again.

    • If he succeeds he waits for the honest chain to reach length 9 (again measured from X) and when it does he tries to find the 10th block on the honest chain first. Again given a sufficient share of the hash rate he has a chance for being successful.

    • If he is successful he publishes his private chain to one half of his network connections and the newly found 10th block the the other half. (More elaborately he would probably give the private chain a small head start due to the larger propagation time.)

    • All nodes receiving the private chain first are currently 9 blocks away from X (which is where the honest chain and the attack chain diverge), therefore they will allow a reorg to the attack chain as it is one block longer and the reorg depth is below 10. After the reorg X is at depth 10, therefore the deep replay protection prevents switching back to the honest chain.

    • All nodes receiving the 10th block on the honest chain first will append said block to their chain, thereby moving X to depth 10. Consequently the deep reorg protection prevents those nodes to ever switch to the attack chain.

    • If the attacker is able to simultaneously publish the attack chain and the 10th block on the honest chain to a large number of nodes, the network will split into two parts, one following the honest chain and one following the attack chain. The deep reorg protection prevents both parts of the network to rejoin, causing an irreversible chain split (apart from manual interaction and consent finding).

    The immediate effects are speculation, but chaos and severe drop in usability, value and trust in the Bitcoin Cash network is guaranteed. Possibly even worse than what would happen in case of a deep reorg.

    It is in the middle of the night here, so i skip doing the Math on the success probabilities of this attack. However I conjecture that chances become very reasonable if the attacker has 50% or more of the hash rate.

    submitted by /u/Haatschii
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    BCH Fork Has Left A Bad Taste

    Posted: 21 Nov 2018 10:37 PM PST

    Hi,

    So invested in BCH a few weeks before the fork because of the lower fees, great. Before the fork I made sure I had them in my own wallet backed up with my 12 word seed, great. After fork everything is broken, can't use handcash now because there updating the app and once the do the app will be pointing at SV, not great. So imported my wallet in BRD Wallet cannot send funds anywhere always gets stuck on "sending", not great. Tried to import my wallet into Bitcoin.com wallet no funds are showing up at all, tried Jaxx no funds either. What the hell? BCH is meant to be a financial system replacement, but now I'm stuck not being able to use it with no certainty of when I can. You can just "pause" someone's money wtf. All because people are fighting for what there vision is which the average person does not care about. This is so stupid, as soon as I can I'm getting out. BCH is a mistake.

    submitted by /u/dos420
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    CoinText Update on BCH hard fork: "In order to best serve our users and enable maximum compatibility with Bitcoin Cash wallets, exchanges, and services throughout the ecosystem, CoinText has returned BCH service on our platform to following the ABC blockchain."

    Posted: 21 Nov 2018 02:04 PM PST

    We’ve (Gab) been banned by Bitpay the cryptocurrency payment processor.

    Posted: 21 Nov 2018 08:32 PM PST

    How we're handling the November 15 Bitcoin Cash network upgrade

    Posted: 21 Nov 2018 05:23 PM PST

    Blockchain Poker deposits and withdrawals are now re-enabled using Bitcoin Cash (BCH).

    We have made sure to split the primary hot wallet so that all withdrawals will only be valid on the Bitcoin Cash (BCH) blockchain.

    Out of the gate, we won't be supporting Bitcoin SV (BSV).

    At this time, deposits made using unsplit coins may be replayed on the Bitcoin SV chain. Because we're not supporting Bitcoin SV at this time, we won't be reimbursing funds sent to us on that chain. We will re-evaluate this decision sometime at the end of December.

    In 2019, we'll be focused primarily on growing into non-crypto communities to show even more people the power of true 21st century money. We believe strongly that Bitcoin Cash is still the best blockchain to make that happen and will be doing everything we can to turn that dream into reality.

    This event cost our community a lot of time, energy, and momentum. At this very moment, miners are making huge financial sacrifices in order to keep our network alive through easily one of the lowest points in this community's history. We encourage every business in the Bitcoin Cash ecosystem to take full advantage of this opportunity by doing everything in their power to help get us back on the path to building permissionless digital cash for the entire world.

    submitted by /u/BlockchainPoker
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    Improved BCH deep reorg protection model

    Posted: 21 Nov 2018 08:57 PM PST

    Here is a model that will solve this problem simply. It's an exponentially decaying reorg model. After block depth 5, the "value" of blocks decays based on which block is "seen first" as of block 1 according to each nodes' version of consensus.

    With a decay value of 0.5, it would take a 1024 block deep attack to force a 10 block reorg. It gets exponentially more expensive from there.

    The spreadsheet should be viewable with the link. Comments are allowed.

    https://docs.google.com/spreadsheets/d/1qh_FZwQFJu7bWIjti7PPdmwQoz-RW1_uDMXzDZqH-do/edit#gid=0

    submitted by /u/MrMadden
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    BCH has already won. The BSV camp just haven’t admitted it to themselves yet.

    Posted: 21 Nov 2018 09:18 AM PST

    Kraken CEO to Ayre: anti-crypto approach & threats alienate would-be adopters, hash war victory may be phyrric

    Posted: 21 Nov 2018 04:21 PM PST

    PSA: Bitcoin Core (BTC) may look like a bargain again, but its fundamentals (community, adoption, actual use, development) are still rotten!

    Posted: 22 Nov 2018 02:24 AM PST

    [thread] That time that Bitcoin got 51% attacked and Satoshi used checkpoints to defend

    Posted: 22 Nov 2018 12:44 AM PST

    http://Gateway.Cash is a MoneyButton competitor for BitcoinCash and is now released as open-source! The project is lead by Ty Everett & is looking for contributors.

    Posted: 21 Nov 2018 09:19 AM PST

    The BCH/ABC miners lose ~$600K per day and the BSV miners lose $910K per day!!! Just mind-blowing to see this #hashwar going on given that the chain split is permanent and cannot be reversed

    Posted: 21 Nov 2018 12:20 PM PST

    After 5 days of the $BCH split, both competing networks have an average hash rate of 4 EH/s. Using rough calculations, each network burns around $1MM to generate ~144 blocks per day. The daily reward is $404k on the ABC side ($225/BCH) and only $90k on the SV side ($50/BSV).

    https://twitter.com/mohamedffouda/status/1065039014099599362?s=12

    submitted by /u/zkCapital
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    BCH: Be Vigilant

    Posted: 21 Nov 2018 01:11 PM PST

    Today, when Roger made this post, I observed a record-number of highly suspected troll accounts come to post. Roger apparently struck a nerve by claiming victory.

    I also observed vote manipulation occuring in this same thread, where comments from these same troll accounts were rapidly upvoted, and regular long-term users pointing out the fallacy of their statements were rapidly downvoted. This is not necessarily new behavior here, as you know.

    But the fork is over. Why are we still seeing this?

    In light of the fact that Bitcoin Cash defeated the takeover attempt, and SV now has its own chain, the SV trolls have not gone away.

    By the sheer fact that these SV trolls are continuing (if not increasing) their work here, that would seem to indicate a high likelihood that SV is not done with their attempts to overthrow ABC.

    Think about it: Someone is paying them to spend their time trolling. This would indicate that there are plans in the works still.

    Why else hire trolls and waste the capital if you knew it was over?

    I hope that the miners, Roger and others are keeping a close eye on BCH hashrate for the foreseeable (possibly indefinite) future.

    Be vigilant.

    submitted by /u/BitcoinIsTehFuture
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    The Store of Value Fallacy: These Traders Paid a 100% Premium for Bitcoin at the Market Top

    Posted: 22 Nov 2018 01:00 AM PST

    Bitqist has enabled Bitcoin Cash and Bitcoin Cash SV trading

    Posted: 22 Nov 2018 01:53 AM PST

    Bitcoin Cash: Craig Wright's BSV Suffers Multi-Block Reorg, Wins 'Drama per Second' Battle

    Posted: 21 Nov 2018 05:49 PM PST

    “But What About the Warlords? “— Something Amazing Just Happened on Bitcoin Cash.

    Posted: 21 Nov 2018 09:57 AM PST

    Poloniex Exchange on Twitter: "BCHABC and BCHSV deposits and withdrawals have been enabled. Confirmations will be relatively high until the chains further stabilize. They are currently set at 30 blocks for BCHABC (~5 hours) and 144 blocks for BCHSV (~24 hours)."

    Posted: 21 Nov 2018 09:40 AM PST

    crypto-games.net just resumed business on BCH (And they only support ABC version)

    Posted: 21 Nov 2018 12:20 PM PST

    And they still only require 1 confirmation to play, and 2 confirmations to withdraw.

    Non-referal link: https://www.crypto-games.net/dice/bitcoincash

    And a referral link: https://www.crypto-games.net?i=ZCqkoS5K4v

    submitted by /u/bcloud71
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    Bitcoin Cash Fork: Satoshi Vision Losing $1,500 An Hour

    Posted: 21 Nov 2018 02:10 PM PST

    BTC apparently is approaching Mastercard's daily transfer amounts, but can even get near their transaction quantity

    Posted: 21 Nov 2018 07:56 PM PST

    I was happy to learn today that BTC has transferred $8 billion in value over the last 24 hours, which is close to Mastercard's daily average $11 billion (including most of the Bitcoin Core team's purchases).

    What's really sad to see is how poorly the BTC network is functioning under that volume. Thousands of unconfirmed transactions all day, and higher and higher fees as the congestion worsened (a pattern we've all seen so many times that it's barely worth mentioning). The average BTC transaction amounts are much higher than the Mastercard transactions. It must be obvious why, because BTC Core simply cannot accomodate more than a few transactions per second due to the unnecessary 1MB blocksize cap.

    Friends, this is where BCH comes in. The fees are a fraction of BTC Core, the transaction capability is 10x that of BTC, the hashrate is even catching up to BTC's, and now the network is proven to be hardened against massive attacks by idiot impostors and/or state actors.

    I see a lot of growth potential for BCH over the next year or 2.

    submitted by /u/horsebadlydrawn
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