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    Thursday, December 6, 2018

    Home Unlabelled BTC this sub constantly bashes BTC and CSW so hard maybe its time to remember most users never heard of them and would rather hear about what BCH can do for them?

    BTC this sub constantly bashes BTC and CSW so hard maybe its time to remember most users never heard of them and would rather hear about what BCH can do for them?

    December 06, 2018

    BTC this sub constantly bashes BTC and CSW so hard maybe its time to remember most users never heard of them and would rather hear about what BCH can do for them?

    this sub constantly bashes BTC and CSW so hard maybe its time to remember most users never heard of them and would rather hear about what BCH can do for them?

    Posted: 05 Dec 2018 04:34 PM PST

    Provably fair miner donations instead of burn addresses, using OP_CDSV + OP_CSV

    Posted: 06 Dec 2018 12:05 AM PST

    Recently we have seen a lot of cool tricks based on the fact that OP_CHECKDATASIGVERIFY can be used to let a script examine parts of its own spending transaction, and thereby assert conditions on parts of that transaction. Here's a use case that gives an alternative to burn addresses, where the "burn address" is actually a script that forces itself to only be used in a transaction that makes a "fair" donation to SHA256 miners.

    Redeemscript pseudocode:

    1. Require OP_CHECKSIG from public key 0279BE667EF9DCBBAC55A06295CE870B07029BFCDB2DCE28D959F2815B16F81798. (This is the pubkey for private key 1, so anybody can sign this). Keep a copy of signature and public key on stack.
    2. Introspection trick: use OP_CHECKDATASIGVERIFY with signature and public key to enforce that sighash_preimage (according to checksig algorithm) is correctly provided from the scriptsig stack. Keep just sighash_preimage.
    3. Extract hashOutputs from sighash_preimage.
    4. Enforce that hashOutputs == 0b41ef50758023563608376a77716211450d4fd3cb5713216390931378277d94, which is the double-sha256 of 0100000000000000000a6a08776f726d686f6c65 (i.e., there must be one output: amount 0, with OP_RETURN "wormhole")
    5. Finish off with 100 OP_CHECKSEQUENCEVERIFY, which means the coin can only be spent after 100 confirmations.

    Scriptsig: must provide a transaction signature (which anyone can make, since the private key is 1) and the correct sighash_preimage to go along with it. It might be better to move the OP_CHECKSIG to the end of the script and precede it with OP_CODESEPARATOR, just to reduce the required size of sighash_preimage.

    ​

    Any utxo created on this P2SH address is a provably 'fair' donation to miners since:

    • It is only spendable in a transaction that donates all BCH to the miner who mines it.
    • It is only spendable after 100 blocks have elapsed. Nobody can predict which miner will be the lucky one to snatch it up.

    Note that if there are many miner-locked fee coins like this, all maturing at the same time, then this means that it may be profitable for all SHA256 miners to suddenly switch over to mine BCH in order to snatch up the fee -- depending on just how large the fees are. Thus the donation is in effect made fairly to all SHA256 hardware owners, in proportion to their hashpower. Or at least, to the ones who are paying attention.

    submitted by /u/markblundeberg
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    Shady PM going around in /r/btc, new attack vector?

    Posted: 05 Dec 2018 01:15 PM PST

    Just got a PM from an account created 1 month ago with this message:

    from /u/RareTomatillo

    sent 43 minutes ago

    Hey man, i am Maya from China. I am currently a uni senior and i need to do an essay on the crypto market. So as I look around on /r/bitcoin, I found some of your posts which were extremely informative for me and my assignment. If possible, can I follow your twitter? I?d love to read more from you and i think your sources is very important for me to have a grade-A essay. Hope to hear from you soon. If you want to check who I am, please have a look on my profile at https://twitter.com/MayaWu_browne. Thanks!P/s: I access Twitter Reddit via VPN and the speed sucks so I would be grateful if you are kind enough to send me your Twitter link. (Searching username crash all the time with my Internet)

    permalink deletereportblock usermark unreadreply

    Besides account /u/RareTomatillo another user has confirmed that account /u/QuirkyProtection0 has sent them an identical message except that it changes the subreddit based on your last post as their's was:

    Greetings! I am Maya, im from China and i just come to US doing internship for a corp in the crypto business. My colleague introduced me to Reddit and Twitter to read what you guys share and comment about crypto. Anyway, i came across your comments on /r/cryptocurrency and it was very informative. I wanna know about the market here in the US so can i have your twitter to follow what you read or share? Thankss in advance! Here?s my Twitter if you wanna check: https://twitter.com/MayaWu_browne

    Why are they trying to collect Twitter accounts via these bots? Can anyone else confirm they're also getting the same?

    edit:

    • Some users are saying its so they can reveal some your email or parts of it

    • All of these fake accounts where created on October 28th, besides 1.

    • All these accounts are aged ~1 month and are a combination of 2 random words from some wordlist with 0 posts or points. I guess bare minimum accounts?

    submitted by /u/500239
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    Check out this T shirt I bought with bitcoin cash!

    Posted: 06 Dec 2018 12:40 AM PST

    Tippr bot was brought back online (don't know when) and I tested it and it works like before. What about chaintip? Lets time chaintip did anything was 22 days again. Where is Tibanne?

    Posted: 05 Dec 2018 05:43 PM PST

    Marco Coino Listings Soar to 600 Merchants After BCH Upgrade

    Posted: 05 Dec 2018 11:21 AM PST

    Any way to donate to Wikipedia using BCH?

    Posted: 05 Dec 2018 06:04 PM PST

    This sub is under constant attack - the latest attackers appear to be shills from the CSW camp who are doing everything they can to try to disrupt this sub

    Posted: 05 Dec 2018 07:05 AM PST

    Unfortunately it's time for another one of these posts. Sorry if you don't like seeing them. But I feel transparency is extremely important. And recently there have been a handful of CSW shills who are saying that we are censoring because they are using a high number of alt accounts in order to ban evade and are trying to disrupt this sub.

    Below is a list compiled of just some examples of prolific CSW shills who have all been caught astroturfing /r/btc. If they were caught breaking the rules (spam, abuse, etc), they were banned. Now they come back with alt accounts and try to ban evade breaking Reddit TOS.

    Some of these most prolific shills have many different accounts and often come back under other names. A few more examples:

    • cryptorebel
    • btcnewsupdates
    • satoshi_vision
    • cryptosword
    • hunk_quark
    • skylark_cash
    • heuristicpunch
    • geekmonk
    • GrumpyAnarchist
    • ActualBitcoinUser
    • higherplane
    • newtobch
    • bchworldorder
    • bitcoincashuser
    • BitcoinCashCollector
    • + many more

    It should also be noted that at least one of these if not more than one are actually PAID astroturfers who make a living doing this and are clearly paid by someone with deep pockets for them to continue this "proof of social media" campaign. For example, user heuristicpunch aka geekmonk was caught (see the links above) working for a social media agency for shilling online. From the link above, quoted:

    This is NOT normal behavior from anyone, and it's pretty clear that geekmonk is a PAID SHILL. Someone even came across this. GeekMonk was literally a digital agency that did social media marketing (The fancy word for SHILLING). The site http://www.gmdigitalagency.com/ seems to be down now.

    After further research, it was also found that he owns his own digital media agency GeekMonk Tech based in India that he uses to hire people to create and buy Reddit accounts online to shill for whoever is paying them to.

    I don't have any answers or solutions here, but I wanted to bring this up as it has become a big problem in the crypto-community and especially in ours.

    submitted by /u/BitcoinXio
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    BCH volume coming back . picking steam

    Posted: 05 Dec 2018 09:13 PM PST

    volume of trade on all major exchanges is building up. ( showing business is getting back to normal )

    ​

    transaction count is slowly increasing as well

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    right now we are at around 100 mill USD volume at CMC, ( pre fork it was around 400-600 mil range on low trading days )

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    as volume recovers , we hope top have some measure of price stability and get rid of speculator shorters via overall buying pressures .

    ​

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    bch is the real bitcoin. fast, cheap , economical , secure , has a real world adoption case

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    ​

    submitted by /u/mohtasham22
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    The easy way to split BCH/BSV if you have a BIP 44 wallet or simple private key

    Posted: 06 Dec 2018 01:36 AM PST

    For those who still did not get their Bitcoin SV, now you can import BCH from any BIP 44 wallet (like Blockchain, Jaxx, Mycelium etc.) or from a simple private key (e.g. paper wallet) and send it right away to an exchange/ BSV wallet with this tool: https://blog.btc.com/replay-protection-and-bsv-extraction-tool-f0ff3ed8ca2f

    ​

    Good luck!

    submitted by /u/bitcolett
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    [Buy Bitcoin] Trump calls Federal Reserve ‘much bigger problem than China’

    Posted: 05 Dec 2018 04:47 PM PST

    Vertcoin Suffers $100,000 51% Attack

    Posted: 05 Dec 2018 07:52 PM PST

    I'm buying!

    Posted: 05 Dec 2018 06:52 AM PST

    I don't know about you guys, but after a long time I'm buying BCH again with fiat. Considering everybody is desperate while we just defended BCH against CSW's takeover, IMO this is a great time to buy.

    BCH is valued at less than 4% of BTC while it arguably has more merchant adoption and has almost the same adoption for fiat on-ramps. Development is still going strong with good discussion about future features. This is still an open community. Get some perspective. Don't just listen to all the FUD upvoted on here lately!

    submitted by /u/BIP-101
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    Huobi Global's new DLT license decides future plans for new year, 2019

    Posted: 06 Dec 2018 01:34 AM PST

    Roger Ver about future of Bitcoin on WDMS

    Posted: 06 Dec 2018 01:28 AM PST

    My Bitcoin investing story.

    Posted: 05 Dec 2018 11:23 AM PST

    I'm a shitty Trader.

    ​

    I came into the Bitcoin space relatively early (circa late 2014) and put what I could afford in. For two years I prophesied the shit out of it and got laughed at, and embarrassed by my risk averse peers. It was starting to look like I was wrong. I hodled anyways. Come 2016 things started to heat up. I was able to convince some of my close buddies to hop on the train with me while $BTC was still hovering under 1K. Then, 2017 rolls around and the genie gets let out of the bottle. Bitcoin and ETH have their ensuing rallies and that's when shit started to get interesting. I'm getting phone calls from people coming out of the woodwork. Everyone's asking me yo, "should I buy now". Friends of friends sending me frantic texts while bitcoin moves up wildly. Around mid summer 2017 Bitcoin is somewhere in the ballpark of 3K. The "should I invest" now questions are still coming in daily. At this time I'm 20 Y/O, have no finance background, and absolutely zero technical analysis knowledge. But, I'm still getting constantly solicited by people who barely know me on what the best entry in BTC. My answer was generally "wait for a pullback" Well, as we all know in 2017 their were a few minor "pullbacks" but nothing sustained and Bitcoin was more or less constantly moving in a parabolic upwards motion. All in all I finally convinced about 20+ of my friends to get involved in the market. By the end of 2017 we had cumulatively brought in hundreds of thousands of dollars in paper returns with very small initial investments. I felt like a fucking genius. I couldn't miss a trade. Who could when everything was going up? January 2018 rolls around and I'm in my second semester of my senior year in college. I couldn't focus on anything school related. My blockfolio account was booming on a near daily basis. It felt like Bitcoin was making new highs every time I checked. Did I take profit at the top? Of course not. At this point I was certain I was going to be a millionaire and that 2018 would bring in even more profound returns. Then, shit started to hit the fan. In about 1 month I lost 70% of my portfolio value and was back at the same pre-massive run levels. Did I take profits at the top? No, of course not. I had no clue what I was doing. Instead I put almost my entire account into $EOS and watched it triple in 3 weeks. Back to January levels by april. I'm a genius I thought. Then, Another 60% drawdown. Fuck it, house my account into $BNB, it worked last time with $EOS right? $BNB more than doubles in a matter of a month and I'm back to January levels. Genius Right? I'm on a massive winning streak. Invincibility. Everyone on twitter is whining about losing all their money and wishing they sold the top while I'm still sitting up at near ATH account value. Genuis, right? I can't lose. My next "big trade" was $ETC. Fundamentally, I didn't know shit about it I just had the taste for big returns on my mind and was ready to regain my summer losses. My position size was enormous relative to my portfolio. This one didn't hit. No stop loss, no sell target, no nothing. It was textbook poor trading style. Needless to say, I got rekt. The drawdown was intense but eventually I bit the bullet and exited, losing about 30% of my entire portfolio in one fell swoop. Fast forward to today, I'm at pre- December 2017 levels. Very little realized profits along the way. This whole shit storm was a painful in monetary terms, although the lessons I've learned along the way will surely stick with me for a lifetime. My biggest mistakes I made: having absolutely no concept of risk management, position sizing or anything of the like, having too strong of a fundamental conviction in Bitcoin to take profits at the "top", and not seeing through the bullshit dumpster fire of ICO's and garbage time money grabs. But how can I blame myself? Besides investing in a few public companies prior to BTC, crypto was my first experience in any financial markets. And It was, in monetary terms. A wild success. The worst thing that can happen to a new investor is having immediate success because, plainly: past performance does not indicate future results. What I really learned is simple. I'm an investor and not a trader. I was conflating those two things and i'm not even sure If I could have told you the difference. My success investing in some early stage crypto companies made me think that I could "trade" to drive income rather than just relying on long term gains. 2018 had different plans for me. Aside from understanding my place in crypto, the most valuable thing I did this year was take a deep dive into monetary history. I'm talking the entire history of money from trading sea shells to gold receipts to whatever fuck fest were having right now at the fed. This is the sort of knowledge you will only get if you go out and seek it for yourself. It's not a pretty story and you certainly won't learn the truth in high school or college. Even if Bitcoin goes to $0, and this whole thing turns out to be a massive sham, I still am left with some real life tangible knowledge on market psychology, how to properly manage risk in a volatile market, and what money really is. Without Bitcoin, I would have none of that.

    - Lou Pai

    submitted by /u/CryptoLouPai
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    utility and adoption. #else is not important.

    Posted: 05 Dec 2018 04:19 PM PST

    This subreddit is overrun with trolls right now.

    Posted: 05 Dec 2018 06:01 AM PST

    Lightning trolls and BTC trolls are FUDding Bitcoin Cash hard. The top post is pure propaganda. Logical responses are downvoted in the comment sections.

    It's good to question why we're here, but the amount of downvotes on normal comments is suspect.

    Hoping this gets on everyone's radar and encourages healthy discussion. BCH has the most reasonable, tolerant fans by far.

    submitted by /u/natehenderson
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    Money flow now versus 6 months ago.

    Posted: 05 Dec 2018 05:50 PM PST

    The Future Of Festivals Lies Within Crypto Music Festivals

    Posted: 05 Dec 2018 11:48 PM PST

    Repost: A Non-Exhaustive List of Comparisons Between nChain and Blockstream

    Posted: 05 Dec 2018 12:34 PM PST

    Current status of the top 10

    Posted: 06 Dec 2018 12:53 AM PST

    Printable Bitcoin Cash (BCH) Tips

    Posted: 05 Dec 2018 01:26 PM PST

    BMG Pool has disappeared ¯\_(ツ)_/¯

    Posted: 05 Dec 2018 09:15 AM PST

    Just sayin'

    submitted by /u/pein_sama
    [link] [comments]

    Printable Bitcoin Cash (BCH) Tips

    Posted: 05 Dec 2018 08:48 AM PST
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