• Breaking News

    Friday, November 30, 2018

    BTC The time for "we have the best coin" arguments is over. It's all about adoption going forward.

    BTC The time for "we have the best coin" arguments is over. It's all about adoption going forward.


    The time for "we have the best coin" arguments is over. It's all about adoption going forward.

    Posted: 29 Nov 2018 05:54 PM PST

    BCH has an opportunity right now to be global cash for the world. We have tremendous competition from many forms of traditional payment systems and 1000 different cryptocurrencies. We have a shot since we are a top coin, but we have to strike while the iron is hot.

    Do not expect to beat BTC just because they have limited transaction capacity. Do not expect to beat SV simply because they have dubious ideals and some toxic people.

    Is BCH the best coin? We have the potential. But we need to improve the network effect. We were on our way and we need to get back on track and not get distracted.

    I will still correct misinformation when I see it, but that isn't going to be my main focus. The time is now for building, for focus, for getting users and merchants.

    Ideas and social media matter... But if you want to be an influencer, take it to the next level. Rather than waste time arguing in a chatroom, write some articles or make some videos.

    If you're a dev, keep on developing...

    And for the rest of us... adoption, adoption, adoption!

    submitted by /u/jonald_fyookball
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    What's wrong with BSVision? EVERYTHING

    Posted: 29 Nov 2018 08:12 PM PST

    I spent a few hours watching and reading SV propaganda, so I'd like to summarize my findings. I welcome any additions from others in the community who are more technical and/or more knowledgeable. And of course I'd love to hear from the army of trolls that seem to be hounding me more and more lately. /s

    Craig and Calvin have changed their tune AGAIN over the last 2 weeks. Since the SV hard fork failed to rewrite the BCH consensus rules, they had to give up and admit there would be a new coin, now deemed "Bitcoin SV", but referred to as BCHSV or BSV on 99% of crypto exchanges. I will refer to it as BSV because I prefer to call it BSVision, which echoes my opinion on the coin most closely. Claims that BSV is "Satoshi's Vision" are most despicable, because BSV is the precise opposite of the founder's vision - 95+% of BSV mining is controlled by Craig and Calvin, which is the most fundamental violation of Satoshi's principle that the Bitcoin network cannot be trusted if one person controls more than 51% of the mining.

    Craig and Calvin generally use the increasingly common "Fox News strategy": first attacking their opponent relentlessly, and then claiming to solve all of their criticisms with their rival concepts and products. This is done with either no evidence at all, or using a very thin narrative which falls apart under scrutiny. Often C&C's rival narratives are spun up very rapidly on social media, each time noting the response and gauging the response from the community. Examples of this are "centralized checkpoints", "unapproved changes to the protocol cause harm", "development strangled by the ABC team", and "toxic community which suppresses innovation".

    The current spin from Craig and Calvin is that BSVision "is Bitcoin". They have tried to erase their failure to take over BCH with this claim. Noticeably, the Bitcoin Core team and their minions are not furious about "attempts to hijack the name and brand of Bitcoin". This is highly unusual, because there is a very vocal team of people who constantly harp on Roger Ver for saying "Bitcoin Cash is Bitcoin". That fact aside, BSV is essentially the ABC codebase with very few changes (12 commits to the ABC base code). And since BSVision mining is absolutely controlled by Craig and Calvin - these two people could decide whatever they want about BSV tomorrow, and the users would have no choice but to accept it. The only possible spin here is "at least it's better than devs arguing in a toxic manner on forums and chat and then deciding without consensus", ignoring the fact that the creation of this toxic environment is 100% attributable to BSV shills, trolls, and other saboteurs.

    In another twist of irony, Calvin claims that "Bitcoin's business plan is not viable", which simultaneously papers over the fact that Bitcoin is not a corporation and wouldn't work as one, and simultaneously attempts to justify a corporation-run coin like BSVision. Previous attempts to have a corporation run a coin have all failed and/or been shut down by the government as scams. The only exception to this is Ripple, which was forced to pay a massive fine in 2015, and now is tightly regulated by the US government. Regardless of the consequences, corporation coins also are not cryptocurrencies, a cryptocurrency is by nature and design decentralized with no single point of failure or absolute decision-making power. So in fact it is BSVision's business plan that is innately flawed - history has shown that any corporate-run coin can and will eventually end badly, with users losing the value they have invested.

    In short, BSVision tries to spin its fundamental design flaws, lack of technical expertise, fraudulent beginnings, and completely compromised founders as ASSETS. This week likely marks the final attempt to salvage the BSV coin, with a massive PR blitz by Coingeek, and a huge pump on exchanges all over the world. I predict the entire operation will fail and the already-massive monetary losses of the failed hard fork and the pointless SV mining will compound further.

    EDIT: thanks for the gold, my friends. Today I am finally feeling better about all of the hostility we experienced at the hands of Craig and others. BCH has only one way forward: up, up, and away!

    submitted by /u/horsebadlydrawn
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    For those new to the space: "Do you realize what a crock of sh*t this is?" (Lightning network)

    Posted: 29 Nov 2018 10:39 PM PST

    “Right now there is a proposed legislation in NYC that would require "cashless" restaurants to accept cash & forbid them from only accepting credit and debit cards. The reason is that the cashless practice boxes the unbanked and underbanked populations out of the economy.”

    Posted: 29 Nov 2018 09:33 AM PST

    New Anti-Encryption laws will compromise iOS and Android security.

    Posted: 30 Nov 2018 12:18 AM PST

    Friends of Liberty,

    Whilst many of us in the Cryptocurrency space have been distracted by the recent havoc caused by a loony fraud, there is a genuine threat to global internet privacy brewing in Australia. The Australian Government is seeking to pass a bill forcing Tech companies to enable encryption backdoors on their apps and devices, and allow shadow agencies to install keyloggers, screen capture tools, and other spying software via routine operating system updates. This law will not only affect Australians, it affects all users of mobile communication technologies around the globe.

    https://slate.com/technology/2018/10/australia-u-s-encryption-backdoor-law.html

    I am sure all of you can imagine the risk that this could pose not just in regard to private communications between lawful citizens... this operating system level malware and keyloggers held by centralized government entities will present a massive honeypot for hackers. Our private data such as passwords, keys, and even 2FA could be at risk. If we cannot securely use mobile devices for cryptocurrency transactions, our goals for greater economic freedom will be severely hampered.

    The Australian government is trying to force these laws through in the next few weeks before the Christmas Break. I urge everyone to spread the word as much as possible, if you have contacts in Australia who can write in to government ministers, please do so.

    https://thenewdaily.com.au/news/national/2018/11/30/encryption-laws-bill-shorten/

    u/memorydealers

    Roger, I enjoy your weekly show and am a supporter of your work. I also use your bitcoin.com wallet on occasion. I hope you can share your thoughts on this issue, and if there might be any actions we can take to further secure our wallets.

    u/falkvinge

    Rick, I appreciate your many technical insights which often provide clarity in this space, cutting through the jargon and double-speak that we so often encounter. Would you care to share some of your thoughts on this issue?

    Edited for grammar.

    submitted by /u/SpacePirateM
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    Let's Play A Round Of Chess - On The BCH Blockchain! (using OP_CHECKDATASIG)

    Posted: 29 Nov 2018 04:34 PM PST

    Huge problem with reward 100BTC **SERIOUS**

    Posted: 29 Nov 2018 11:56 AM PST

    Hello,

    exactly like in topic. I've lost a lot of bitcoins and looking for help. I was trying to solve it in past, couldn't.. Right now I want to come back to topic and make it happen somehow. Do anyone know how to solve this problem? Reward is 100BTC and this thread is completely serious.

    https://www.youtube.com/watch?v=8BOxflDzhgU&t=3s

    Lets make this topic loud.. You could help rescue massive amounts of bitcoins.

    @EDIT to answers below, so you get better understanding of situation.

    We made a copy of the HDD, then we tried to treat any bit combination as key and searched for it, it was not successful, yes, HDD is encrypted, but was decrypted.. to search the key. Wallet was created and deleted in a time frame of 1 minute. so not time machine, we are already extreme further, to make the same thing happened again with core, you need the version from 2 years ago. Its just if someone has an idea, that is kind of new, we really search each and every bit, it seems only be part time

    submitted by /u/Klerni
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    DJ Khaled has been charged for cryptocurrency fraud by the SEC

    Posted: 29 Nov 2018 08:14 PM PST

    SEC.gov | Two Celebrities Charged With Unlawfully Touting Coin Offerings

    Posted: 29 Nov 2018 02:58 PM PST

    "Cryptocurrency Regulation To Be Enforced In 2019" Says Malaysian Finance Minister

    Posted: 29 Nov 2018 11:39 PM PST

    SIRIN LABS Releases $999 Blockchain Phone: ‘FINNEY’

    Posted: 29 Nov 2018 10:38 PM PST

    Edge Wallet now lets you split BCH/BSV funds with replay protection

    Posted: 29 Nov 2018 09:49 AM PST

    The latest version of Edge Wallet launched today (v1.4.4) on iOS and Android lets users split BCH wallets into BSV and simultaneously adds replay protection to those funds. Only takes a couple button taps and you're done.

    You can even transfer pre-split funds into Edge from another wallet and split them in Edge.

    https://edge.app/blog/how-to-claim-your-bsv-with-replay-protection

    You download Edge on

    iOS: https://itunes.apple.com/us/app/edge-crypto-bitcoin-wallet/id1344400091?mt=8

    Google Play: https://play.google.com/store/apps/details?id=co.edgesecure.app&hl=en_US

    Direct Android download: https://edge.app/app

    submitted by /u/Paullinator
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    Great tweet which explains the BSV insanity in layperson terms: “Apple should have locked the protocol and stopped innovating at iOS 1.0. Just think about how many developers + businesses have suffered over the last decade as Apple has continued to add new API’s and functionality.”

    Posted: 29 Nov 2018 08:14 AM PST

    Proposal: change the number format of BCH to match actual fiat usage

    Posted: 30 Nov 2018 12:37 AM PST

    Hi

    Disclaimer: I'm not an engineer. I just love BCH and the community.

    One of my concerns is the following: currencies everywhere in the world are presented like this

    X XXX,XX €$¥£

    Why are we not using this for BCH?

    It's an honest question: it would be much easier to work for adoption.

    Imagine at a shop:

    Price is 5 Bitcoin Cash and 99 sats

    That seems much easier to say than:

    0.00736992 Bitcoin Cash

    Probably there is technical reasons to explain why things are like this and I would be happy to learn more about it. It's just pretty damn hard to use it as a unit of account right now.

    That's why every wallet displays prices in both BCH and fiat.

    I hope that the community can find a solution to this real issue concerning adoption.

    EDIT: repost to change the title

    submitted by /u/coinfeller
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    Current Status of Cashshuffle?

    Posted: 29 Nov 2018 11:18 AM PST

    Paging /u/jonald_fyookball

    Is there a good place for me to go to follow development of the Cashshuffle capability?

    submitted by /u/BCH-Withdrawal-Prob
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    Bloxroute Joins the Block Size Debate With New Block Propagation Service - Bitcoin News

    Posted: 29 Nov 2018 08:49 PM PST

    3 Common Myths People Have About Crypto by Katie Haun

    Posted: 30 Nov 2018 12:07 AM PST

    It's worth to watch if you're defending crypto currency

    This playlist includes 3 clips:

    1. 3 Common Myths People Have About Crypto
    2. A Skeptic's View of Crypto (from the Point of View of Monetary Economics)
    3. Debating Crypto: Katie Haun vs. Paul Krugman
    submitted by /u/xd1gital
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    Looking for an exchange to sell BSV!! BITTREX failed!!

    Posted: 29 Nov 2018 01:24 PM PST

    I have sent them 8 pictures of my face, passport and id card.

    They requested the data 3 times and now after several days I am still not verified!!

    They actually requested a 4th time that I should upload the pictures...

    Anyone can recommend another BSV exchange with a process of verification that actually works?

    Or an exchange where I can trade BSV without verification?!

    EDIT: Thanks will try CoinEx!!

    submitted by /u/SatoshisSoul
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    How BSV puts Binance customers at risk

    Posted: 29 Nov 2018 12:07 PM PST

    What is the Oracle on Bitcoin.com ?

    Posted: 29 Nov 2018 11:59 AM PST

    3 different Bitcoin visions

    Posted: 29 Nov 2018 10:26 AM PST

    Anyone know why Bitcoin.com wallet has a minimum send amount?

    Posted: 29 Nov 2018 06:08 PM PST

    Is there a way around this? I was hoping to create a guide for on-boarding newbies by having them create a wallet, receive some coins from a faucet, and then spend the coins to a charity. It seems however there is a minimum send amount with the Bitcoin.com wallet, which makes it difficult for small amounts from faucets to actually be useable in a Tx.

    *Edit: I just tested it and it seems 5,000 satoshi is the minimum send amount.

    submitted by /u/Inferknite
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    Seeding a BCH economy in Venezuela

    Posted: 29 Nov 2018 05:35 AM PST

    I have this half-baked theory that we could bootstrap a small scale BCH economy in a town in Venezuela, from there it might grow organically in to other towns.

    Basically my reasoning is that if we send BCH to as many people within a small community as possible they could carry out their day to day commerce with BCH without the need to convert to fiat. Right now the boliviar is far less stable as money than BCH and there always is the possibility of converting BCH to USD.

    Cash in Venezuela actually worth more than the boliviar in bank accounts because it is far more convenient to use than bank transfers which are extremely unreliable, waiting at ATMs to get cash out can take days. Bitcoin cash has the convience of regular cash once a person knows how to use it. It takes a bit of education to be used safely though

    Please if anyone reading is from venezuela let me know your thoughts on this idea and any short comings

    submitted by /u/ConalR
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    Can you create a map data structure (key/value store) on BCH?

    Posted: 29 Nov 2018 08:23 PM PST

    Is this even possible? Seems like it should be with the address being the key and the UTXO op return being the value.

    submitted by /u/16th_hop
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