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    Friday, March 1, 2019

    Home Unlabelled BTC Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash!

    BTC Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash!

    March 01, 2019

    BTC Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash!

    Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash!

    Posted: 28 Feb 2019 01:29 PM PST

    Biz Owner Experience Using BTC/LN: "no-one is going to go to that much hassle to be able to receive money. LN simply doesn't work the way humans actually use money."

    Posted: 28 Feb 2019 08:59 PM PST

    I'm a big fan of Purse, where you can pay with Bitcoin and Bitcoin Cash and get 15–30% off everything from Amazon, so I wrote a guide how to use it. This works even if Amazon and Purse is not “officially” in your country. Enjoy!

    Posted: 28 Feb 2019 11:46 PM PST

    The biggest scam in crypto is that BTC is no longer Bitcoin!

    Posted: 01 Mar 2019 01:05 AM PST

    I'd like your genuine rationale on BCH v BSV

    Posted: 28 Feb 2019 07:52 PM PST

    Ok folks. I would appreciate some genuine honest answers. I am a BTC owner. I argued for bigger blocks, but ultimately decided to trust folks in the Bitcoin (BTC) community who I believed knew better than me, and I waited for lightning. I excitedly started using it as soon as I could, running my own node, and even participating in the well televised #lightningtrustchain thing. But I had a deep dark night of the soul recently and honestly Lightning is a piece of crap. I explain why here in this twitter thread if you're interested. tl;dr Lightning isn't just needing better UI or UX or a few new features. The underlying premise of not even being able to receive money unless you have funded incoming channels is a joke. No business or individual lives their life in a manner in which Lightning needs to function well. It's a bed of procrustes situation. I run a media company and want to pay my overseas staff with Bitcoin, but I am coming to the realisation that I may never be able to rely on Bitcoin BTC for my business. So I'm finally open to big blocks being the only way large scale adoption (non custodially) can happen.

    I also had a penny-drop moment yesterday when I realised if non mining nodes could influence the rules of Bitcoin, I'd just be able to spin up 100,000 sybil nodes on AWS and have my way. Clearly only mining nodes matter and will have any say in terms of protecting the 21m cap.
    I was preoccupied playing with lightning while you were all presumably raging and splitting into BCH and BSV. So I need some honest opinions on why you believe BCH or BSV is a better chain to get behind and use. I am not here for a circle-jerk-yay-BTC-sucks-one-of-us-karma-farming expo. But if you have the time to share your honest feedback about why you prefer BCH or BSV over the other large block option, I will read and seriously consider your comments. At a glance my preference is for no cap whatsoever, which I am of the understanding BSV affords me. I also love the idea of recording whatever I want to the blockchain via op_return or whatever it's called. I'm not 100% sure what the differences are here between BCH and BSV. I also don't know what else I should be aware of. Fill me in.

    Thanks in advance for your comments.

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

    Our Bitcoin ATM was robbed and recovered, no Bitcoins were stolen!

    Posted: 28 Feb 2019 04:01 PM PST

    TIL that forking free open source software is illegal

    Posted: 28 Feb 2019 09:58 PM PST

    Kraken is offering a $100,000 reward for discovery of Quadriga coins

    Posted: 28 Feb 2019 06:39 PM PST

    Here's my honest feedback on the lightning network and Bitcoin...

    Posted: 28 Feb 2019 10:09 PM PST

    North Queensland Bitcoin BCH Mega-Meetup Starts In 8 Hours - Epic, Amaury, Andy, Hayden And More

    Posted: 28 Feb 2019 04:07 PM PST

    Who is in charge of Bitcoin? Answer: Who can’t you speak out against? G. Edward Griffin speaks about Censorship. Sound familiar in the Bitcoin (BTC) space?

    Posted: 28 Feb 2019 10:57 AM PST

    The Core cartel (Blockstream, Lightning Labs, BitFury, Slush, r/bitcoin, Digital Garage and astroturfers ) made sure that mainstream payments didn’t happen on BTC... Why ? To win time and create artificial bottlenecks to better promote their centralized vaporware products.

    Posted: 28 Feb 2019 03:43 PM PST

    Something with the first mover advantage is not guaranteed to be the eventual winner.

    Posted: 01 Mar 2019 01:12 AM PST

    The Bitcoin Cash community has organic grass roots support because it works as cash.

    Posted: 28 Feb 2019 01:59 PM PST

    Bitcoin on Twitter: “BTC and BCH operate on the exact same technology and have 9 years of shared ledger history, but BCH performs better, fees are more than 300x cheaper than BTC, and BCH is scaled for thousands of % more capacity than BTC. Do your own research.”

    Posted: 28 Feb 2019 01:56 PM PST

    Who will build the roads for Bitcoin Cash?

    Posted: 28 Feb 2019 02:40 PM PST

    The Bitcoin Cash protocol is a commons which the community has to maintain. Bitcoin isn't just private currency experiment. It is also a social experiment that tests how well public Infrastructure can be built and maintained without a central authority, but instead by Anarchy. Blockstream is building the roads for BTC and nChain is building the roads for BSV. Who will build the roads for Bitcoin Cash? There has been a lot of discussion about how to fund the commons in the past, but now we have BitBacker.io. Find your fav developers and support them! If you can't find them then ask them to make an account. Here is my list of pledges: https://bitbacker.io/user/wecx/#pledges-panel

    submitted by /u/Wecx-
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    A leading crypto exchange pledges $100,000 reward for QuadrigaCX’s missing cryptos

    Posted: 28 Feb 2019 11:39 PM PST

    I can't wait for Bitcoin Core blocks to fill up again.

    Posted: 28 Feb 2019 02:25 PM PST

    From the Bitcoin Core average historical block size chart, the 1MB ceiling was hit in March and December 2017. Recent growth also suggests the 1MB ceiling may be hit again in the coming months.

    ​

    There is correlation, and almost certain causation, between full blocks in Bitcoin Core, and an increase in the use of other digital currencies. This can be seen clearly in the drop in BTC Dominance and rise in other coin dominance during these periods of March and December 2017 in the historical dominance chart.

    ​

    As with all bull runs, the next bull run in crypto, if there is one, will be funded by increasing user adoption, which will require block space. Since Bitcoin Core does not have the block space to support another price bubble, it appears that the next bull run must occur in currencies other than Bitcoin Core.

    ​

    Bitcoin Cash is better poised to capture the bull run overflow from Bitcoin Core more so than any other digital currency, because (a) it currently has the lowest fees, (b) it has the most available block space, and (c) it is programmatically very similar to Bitcoin Core.

    ​

    The time to own Bitcoin Cash is now.

    submitted by /u/mickeybob
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    I don't like Avalanche because...

    Posted: 28 Feb 2019 07:07 PM PST

    (Not because I am the most knowledgeable technical expert, but because...)

    1. I want no deviation at all from the principle of hashpower deciding, also known as nakamoto consensus. This is really the invention that made cryptomoney possible.

    2. We don't need absolutely safe 0-conf transactions. What we have is better than any non crypto payment system in this regard. Finality starts out fairly good with 0-conf for small transactions, increases in 10 minute intervals (never reaches mathematical 100% finality but who cares)

    Bitcoin doesn't record ordering for 0-conf or not even for 1 or 2 confirmations, bad but that is what we have.

    If you got a million from the IRS in error, they don't wait for you to send it back, they reverse it.

    Currently only 1 conf is needed in bitcoin, a few more in bitcoin cash to be faily safe for most transactions. Card payments 3 months, checque until you cash it or find out it bounces, maybe even more if the bank regard the cheque to be fraudulent, inter bank transfer minutes or hours (unless the bank changes its mind), international bank transfer days, even fiat paper notes are worse with travel time (you have to meet), and counting takes time, danger of counterfeit notes. Apparently the federal reserve has a real time payment system that is immediately final, but only for bank customers.

    If someone really needs immediately final small transactions, I want them to rely on a third party service, like an insurance agency, and maybe we already have it in Bitpay and their likes. Heck, even lightning could be useful!

    An avalanche without orphaning, just the advice to miners would not be dangerous, but then it would also not completely solve the problem.

    So TLDR; please don't implement Avalanche

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

    TIL: Lightning Network is only for "low value transactions" Let's assume that means everything under $20 or so (guessing)... that means it will cost more to open/close LN channels than the value being sent on LN!

    Posted: 28 Feb 2019 10:19 AM PST

    Nano(food) and JimmyJoy BCH support petition: "Paying with Bitcoin (BTC) is a pain, fees can skyrocket depending on the time of day, yesterday I paid €0.65 fee for a purchase. Please, consider starting to accept Bitcoin Cash (BCH), which has a stable €0.0005 fee. @EatNano @jimmyjoyfood"

    Posted: 28 Feb 2019 08:34 AM PST

    Episiode 23 - Ian Freeman gives an update on Anarchopulco & BCH Merchant adoption in New Hampshire

    Posted: 01 Mar 2019 01:36 AM PST

    Seasteading is finally happening.

    Posted: 01 Mar 2019 01:34 AM PST

    Nathaniel Popper (NY Times): “Bitcoin [BTC] failed to get mainstream consumer adoption -- that is what these new coins are going after.”

    Posted: 28 Feb 2019 03:13 PM PST

    Just so I understand, if LN is limited in capacity, how are we supposed to pay for a $400 bike with BTC in a few years? Do they expect us to wait 10min at the cashier? Serious question.

    Posted: 28 Feb 2019 09:18 PM PST
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