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    Thursday, December 13, 2018

    BTC Last night, I went to a random hotel and they accepted Bitcoin Cash as payment! I paid in BCH. Caracas, Venezuela

    BTC Last night, I went to a random hotel and they accepted Bitcoin Cash as payment! I paid in BCH. Caracas, Venezuela


    Last night, I went to a random hotel and they accepted Bitcoin Cash as payment! I paid in BCH. Caracas, Venezuela

    Posted: 12 Dec 2018 07:06 PM PST

    PSA: ANN: I have noticed that about 50% or more of shills/trolls I was watching before have suddenly turned into BCH supporters or neutral players in the last 3-5 days. Prepare for a new narrative and new subversion/destruction attempt.

    Posted: 12 Dec 2018 10:24 AM PST

    About a week ago they apparently they had some kind "orientation" meeting in one of their "Dragon's Dens", after which their approach & behaviour drastically changed, so they are posing now as blank BCH supporters.

    Stay vigilant at all times, new attack may be incoming in months, quarters or even a year (unfortunately).

    A lack of attack may also be part of some plan - aimed at putting our caution to sleep.

    submitted by /u/ShadowOfHarbringer
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    "Satoshi's Vision"

    Posted: 12 Dec 2018 04:23 PM PST

    So after weeks of listening CSW and his supporters go on and on about how Bitcoin is supposed to work and by listening to Shadders and their Coingeek talks I think I have a pretty good idea of what "Satoshi's Vision" looks like. And while this may seems like I'm not being charitable here, I actually think it's very charitable because it assumes there are no technical issues with their approach and that the whole system would actually work as they describe it (which is obviously not the case).

    - The "network" consists of only a handful of miners. If you're generous maybe it could support a dozen or so.

    - Each miner connects directly with each other miner forming the "small world" they long after.

    - There is no Bitcoin p2p network. It's basically dead. There are no full nodes and no p2p SPV wallets. The entirety of the network is these dozen miners connected to each other basically forming one big server cluster.

    - Each miner provides paid "services" in addition to mining. These services will include an API for paid subscribers to query to see their balances and transaction history. They will also have an API for people to send transactions. Thus the only way non-miners will be able to interact with the network will be to pick one of these miners and buy services from them. There is no need to bother with cryptographic proof that your transaction is valid because you can't validate your transactions anyway. SPV is worthless because there are only 12 nodes which can trivially make up a header chain and feed it to you. So you just ask for your balance and they tell it to you and that's it.

    - At terabyte blocks each of these dozen miners will be operating close to facebook scale infrastructure costing millions of dollars to operate (this is excluding mining hardware and hashrate electricity. just the data service around the "node" will cost this much). A few years back facebook passed 500 terabytes a day in data storage (it's probably more now) but basically that's about what "node" could expect at terabyte blocks with indexes. Again, I think a dozen facebook scale enterprises is being generous. Less is much more likely.

    - Transaction ordering is only a secondary use case for proof of work. The primary use case is for dividing the "ownership" of the network. Like shares in a company, POW is used to divide the rent generated by the network and for "voting" on how the network should be run.

    - As the owners of the network, miners unilaterally make the consensus rules and impose them on users. No other stake holders are given a say. And since there are no fully validating nodes on the network, they can get away with this as end users can't reject blocks mined with invalid consensus rules like they can today.

    - Big data collection is also another major source of miner revenue as they will see every transaction and everyone needs to query them for their transactions and balances.

    - Obviously there being only a handful of these miners it will be trivial for them to keep out other miners from their little small world. Don't like it? Stiff. Either buy > 51% of the hash power to prevent them from orphaning your blocks or stop complaining. Capitalism. Risk. Finance.

    This is "Satoshi's Vision" as articulated by CSW, Calvin, Shadders, and numerous twitter commentators.

    You guys can decide if this is the Bitcoin you signed up for.

    submitted by /u/Chris_Pacia
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    PSA: Cash Accounts - Making "Alice#4213;" a functional payment information - Coming in Jan 1, 2019 UTC

    Posted: 13 Dec 2018 01:51 AM PST

    On January 1st, 2019 UTC, I will release a specification for how to create, lookup, index and validate on-chain aliases. The specification has undergone significant peer-review (by wallet developers, token developers and coinbase engineers) and several wallets have expressed support for it.

    It is not perfect, but compared with what we have today - it might be seen as a game-changer.

    This is how James, with the account James#1335; might share his payment information in a phonecall: "Yeah, could you send those $50 to James One-Three-Three-Five?"

    submitted by /u/JonathanSilverblood
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    Bitcoin BCH average TX fees: $0.0046

    Posted: 12 Dec 2018 03:14 PM PST

    CSW: "Miners do not collude! Miners are not a monopoly!" *loses hash war* "We are suing miners! They colluded to form a monopoly!" ��You can't make this stuff up folks.

    Posted: 12 Dec 2018 09:03 AM PST

    PSA: CoinEX BCH Deposit and Withdrawal Fees -> 0

    Posted: 12 Dec 2018 03:24 PM PST

    Gabriel Cardona: "BitcoinCash is the single most undervalued asset in all of crypto. We have the most passionate and visionary team of developers and advocates in the industry. 2019 is the year we really distinguish ourselves from the rest of the pack. Expect HUGE things."

    Posted: 12 Dec 2018 09:40 AM PST

    Six New Bitcoin Cash Point-of-Sale Solutions for Merchants

    Posted: 12 Dec 2018 10:18 PM PST

    Mt. Gox claimed to have been hacked for 850,000 Bitcoins, CEO might face 10 year jail term.

    Posted: 12 Dec 2018 10:39 PM PST

    I’d like to buy some beer in Bangkok with Bitcoin Cash.

    Posted: 12 Dec 2018 07:21 PM PST

    Any recommendations for places? Where I'm from there are no BCH places within 100 miles so I figure Bangkok will be my best bet to actually spend some crypto and see how it goes.

    submitted by /u/Ricknad0
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    My friend just launched a cool Bitcoin merch / apparel site that accepts BCH & BTC, I think he killed it!

    Posted: 12 Dec 2018 04:43 PM PST

    Trolls deleting their 4 year old accounts? WTF?

    Posted: 12 Dec 2018 12:15 PM PST

    Had a discussion with a troll named /u/grafgarage which was a 4 year old account. Over a dozen comments back and forth and me just posting facts versus his Roger Ver smearing and hashrate scare FUD. Nothing unique, same old Core tactic we see everyday here so I didn't think anything of it.

    At the end he deletes his own account. WTF? Who does that? Why? Are they just expecting to buy a new one?

    https://www.reddit.com/user/grafgarage https://www.reddit.com/r/btc/comments/a5h42s/friendly_reminder_forbes_destroys_blockstreams/ebngoxc/?context=3

    some older 2017 post from him as well: https://www.reddit.com/r/logodesign/comments/6nvn6y/graf_garage_motorsports_related_accessories_howd/

    submitted by /u/500239
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    BCH hash late-2017. Miners follow price but also have long-term incentives.

    Posted: 12 Dec 2018 07:03 PM PST

    2017: Adam & Greg. 2018: Craig & Calvin. Who are they prepping to attack for 2019?

    Posted: 12 Dec 2018 02:40 PM PST

    I think the push for shorter block times is coming from the Chinese community

    Posted: 12 Dec 2018 10:11 PM PST

    [ Samsung submitted three blockchain related trademark applications ]

    Posted: 13 Dec 2018 12:38 AM PST

    [ Samsung submitted three blockchain related trademark applications ]

    Reported from Sammobile. Samsung was submitted three blockchain related trademark applications, they are blockchain key storage, blockchain keybox and blockchain core. This operation shows that Samsung has a layout in the mobile and cryptocurrency software.

    Each product follow such a cycle, which starting, developing, peaking, slipping, struggling, and finally achieving success or death. Same as cryptocurrency! In the meanwhile, we are still convinced that the bull market is not far from us.

    https://i.redd.it/yvjegmlrb0421.png

    submitted by /u/UniexColdwallet
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    Google Trends Reveals One of the Top Questions of 2018 — 'What Is Bitcoin?'

    Posted: 12 Dec 2018 06:01 PM PST

    BCH Devs Discuss Securing Instant Transactions With the Avalanche Protocol

    Posted: 12 Dec 2018 11:00 AM PST

    Crypto Market Update: Tezos Gets Huobi Listing, EOS Flips Bitcoin Cash - Daniel Chiang

    Posted: 13 Dec 2018 01:36 AM PST

    Joystream is getting more organized

    Posted: 12 Dec 2018 10:27 AM PST

    Emin Gün Sirer on reducing the block interval: "My overall stance: Everything that helps scale+secure the network should be on the table. No parameter is sacred. And decisions should be science guided."

    Posted: 12 Dec 2018 08:31 AM PST

    So, the new attack vector is "plant the idea of shortened block time?"

    Posted: 12 Dec 2018 06:42 AM PST

    Presumably so it gets implemented and BCH is "no longer Bitcoin?"

    I mean, they do see how patently transparent they're being, right?

    submitted by /u/BCH-Withdrawal-Prob
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    We have to build our free society from the ground up, otherwise we encounter resistance and war.

    Posted: 12 Dec 2018 05:10 AM PST

    Japanese Exchange Bitpoint Launches Trading Platform in Panama

    Posted: 12 Dec 2018 08:07 PM PST

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