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    Home Unlabelled BTC "I don’t see the point. If Bitcoin Cash scales on-chain then just focus on that. You’ve no need to debate it, just go and prove it." - Peter McCormack

    BTC "I don’t see the point. If Bitcoin Cash scales on-chain then just focus on that. You’ve no need to debate it, just go and prove it." - Peter McCormack

    April 28, 2019

    BTC "I don’t see the point. If Bitcoin Cash scales on-chain then just focus on that. You’ve no need to debate it, just go and prove it." - Peter McCormack

    "I don’t see the point. If Bitcoin Cash scales on-chain then just focus on that. You’ve no need to debate it, just go and prove it." - Peter McCormack

    Posted: 27 Apr 2019 11:39 PM PDT

    Source (Twitter)

    The topic of McCormack's quote was originally brought up my Roger Ver in this thread.

    Let's discuss the original quote instead of what Peter didn't say.

    There is plenty to discuss about his statement, I think it raised emotions in quite a few of us.

    submitted by /u/LovelyDay
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    BISQ-Cash Progress Update (Bisq forked DEX with BCH as base currency)

    Posted: 27 Apr 2019 06:15 PM PDT

    Waddup boys! I'm gonna be brief, so gather around!

    The project (asked by u/ftrader and u/7e62ce852 ) is going... kinda smooth. Getting back BCH as an altcoin was easy enough, although that's not what we want here, we want BCH to replace BTC in the app, damn it!

    So, that's what I've been doing this last week, now the project uses bitcoincashj (by u/_pokkst ) and, well, that's pretty much everything so far. I got school to attend and exams to take, so it's been kinda slow, but the good news are that as of now BISQ-Cash (re-branding maybe?) does work (at least on IntelliJ) and we are much closer to get a DEX of our own! The bad news is that I won't be working on it for a couple of days, meaning that development is going to continue Monday April 29th, since I got an exam and a final project to do.

    The forked project is hosted at the "cash" branch in here.

    Todo list for the next update: * Change the price nodes to BCH instead of BTC * Literally change "BTC" text for "BCH" text * Regtest * Use CashAddress instead of legacy * More Regtest

    submitted by /u/emilews
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    We've released the new gen Antminer T17, now available for purchase on shop.bitmain.com

    Posted: 27 Apr 2019 07:10 PM PDT

    Peter Rizun challenges Adam Back to a debate on the merits of scaling bitcoin on-chain versus off-chain.

    Posted: 27 Apr 2019 11:40 AM PDT

    Thinking of helping the homeless in philly again

    Posted: 27 Apr 2019 08:57 PM PDT

    Not sure if this is against the rules or not, but I was thinking of doing a btc fundraiser to help feed the homeless in philly for a day. Just small things like hoagies/sandwiches and water. I'd match whatever donations were made, so there would be at least enough to feed hopefully ~10-15 people.

    I think aiming for $50-100 worth is reasonable, what do you guys think?

    Edit: I like the idea of the wallet but the homeless do not have their own computers let alone the knowledge of how to use exchanges and whatnot. I'll convert the bch afterwards but I will personally fund the food. Most likely will be wawa since they do a pretty good job for less than $10 a hoagie.

    bitcoincash:qz8sgnhdzdma0qq3pjfpherusr6qgukxs5eqyajuqf

    I created a cash address, just toss a couple cents/bucks/satoshis and when I go, I'll match the entire amount (maybe twice over if it's not a large enough amount). Also, I may print out some BCH posters for them to get donations for themselves in the far future and also to maybe get some viral exposure for doing that - and of course increasing exposure for bitcoin in general. Thanks again whether or not you participate!

    submitted by /u/brollikk
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    CoinGate are scammers [Lost Lightning payment]

    Posted: 27 Apr 2019 10:10 PM PDT

    I brought something on a website that use CoinGate for payment processor.

    Here what append :

    • I choose Bitcoin Lightning
    • I copied there lightning invoice in my Eclair full node "Send Payment"
    • I pressed send

    ​

    The payment went thru instantly and I received the Payment PreImage (from what I understand is the proof that the payment when thru and that all nodes where able to unlock there fund). But there payment page did not update after they got the payment and eventually expired.

    I did contact support and provided them with the important information including the Payment hash and Payment preimage. After like 12 hours I got an answer about checking if I have a Lightning compatible wallet (With of course it is as I received a preimage after sending using there lightning invoice). I answered and now more than 24 hours with no response and my money is still gone.

    Note : They also told me to try to turn off Lightning Network switcher in the payment option. I do not have that in the Desktop Eclair Node but... Does it imply that they are indirectly asking me to send another payment after they lost/stole the first one??!!

    submitted by /u/Ravow
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    I've been working on /u/imaginary_username's bounty on lazyfoxi.io, and I've just submitted a pull request for Cash Account support in Electron Cash. Take a look. :)

    Posted: 27 Apr 2019 10:45 AM PDT

    /r/Bitcoin Tries to Rewrite UASF History

    Posted: 27 Apr 2019 11:49 AM PDT

    Bitcoin ATM owners: how do you plan to handle the high fees during the next bull run? How do you pass a $10-50-500 fee onto a new BTC buyer? Do you just give them an LN IOU paper slip that they can redeem from some centralized LN hub?

    Posted: 27 Apr 2019 06:54 PM PDT

    Users are going to have a rough time if fees get as high as the last bull run. They will probably go much higher. Some of you think that's a good thing but you'll find yourself losing money really quick if you end up covering those fees. I'm honestly curious what you all plan to do.

    "I went to buy Bitcoin and all I got was this IOU"

    submitted by /u/masterD3v
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    MtGox proces delayed

    Posted: 28 Apr 2019 12:45 AM PDT

    Milestone unlocked! Cashshuffle JS library is here. This was a major, major step toward getting it into bitcoin.com wallet.

    Posted: 27 Apr 2019 05:22 AM PDT

    Vin Armani: "I build on Bitcoin Cash because BCH is Bitcoin for profit-seekers. The metric for economic freedom and financial sovereignty is the ability of an individual to freely exchange with any other individual, PROFITABLY, without third-party interference."

    Posted: 27 Apr 2019 08:03 AM PDT

    More Cashshuffle Compatible Wallets Are Coming to Bitcoin Cash

    Posted: 27 Apr 2019 02:27 PM PDT

    Those Who Say It Cannot Be Done (on-chain scaling) Should Not Interrupt Those Who ARE Doing It (the Bitcoin Cash Community ARE DOING IT!!!)

    Posted: 27 Apr 2019 06:05 AM PDT

    So fucking unfair that us that have sounded the alarm bell about Tether/Bitfinex for almost 2 years now ... we got laughed at. We got banned. Or topics deleted. And now ...

    Posted: 27 Apr 2019 10:20 AM PDT

    CoinLab v MtGox: The imaginarium of Peter Vessenes

    Posted: 27 Apr 2019 05:14 PM PDT

    Sunday fun day! Anybody wanna play Satoshi Stack just for fun? Great way of trying out awesome Badger wallet.

    Posted: 27 Apr 2019 10:04 PM PDT

    BashCo is at it again: Now claims Rizun was banned for sock puppets, not violence

    Posted: 27 Apr 2019 07:08 AM PDT

    Remember when Peter Rizun was banned from r/bitcoin for posting a violent image that displayed a stick figure being crushed? Yeah, apparently that story is being re-written now too. Peter wasn't banned for that, he was banned for sock puppetry and nobody (even him) was told. Suddenly there's this story about "confirmation from Reddit Admins"? I smell bullshit.

    https://np.reddit.com/r/Bitcoin/comments/bhrh3x/bcash_developer_peter_rizun_caught_using_a_sock/elwekvu/

    submitted by /u/chernobyl169
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    Multi-Server SPV Wallet?

    Posted: 27 Apr 2019 08:16 PM PDT

    Has anybody ever seen an SPV wallet that has the ability to connect to a random second node/server? I realize the odds of an eclipse attack are already extremely low, but running the same bloom filter on two non-close nodes ought to drive the risk asymptotically close to the cost of a 51% attack, for those who think they may be at risk and are willing to put up with the extra data traffic.

    submitted by /u/bill_mcgonigle
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    Clarifying a BTC inaccuracy: We have hashwars, not full-node wars. Despite BTC/LN proponent claims, non-mining nodes do not dictate what the protocol is. If a non-mining node disagrees with mining node, they get kicked off. Unless you are mining, running an SPV node is safe and practical.

    Posted: 27 Apr 2019 10:32 AM PDT

    Just cutting through the FUD with this one. Recently a BTC supporter tried to make the point that normal users running full nodes is important in order to "keep miners honest". This is literally impossible and factually 100% incorrect.

    If you have a full node on BTC and you disagree with a mining full node, the non-mining node is kicked off of the network, not the other way around.

    Non-mining nodes depend on mining nodes.

    Mining nodes do not and never will depend on non-mining nodes.

    This is an objective fact and indisputable. It's not an opinion, it's in code. We have hashwars, not full-node wars. Miners include transactions in blocks - not just any full node.

    If this were not true then someone could buy 10,000 full node instances and control the BCH network with an army of full nodes. We would have expected this attack on BCH a long time ago. Disagree? Give it a try!

    The inherently flawed argument that non-mining full nodes are important to keep miners honest is the foundation for many other flawed BTC arguments. These other claims fall apart when you remove the underlying flawed assumption.

    1) They claim that larger blocks will make full nodes expensive for every day users (and these users must run full nodes to keep the network "safe"). - They don't. Current hardware and internet speeds, even over the GFC, show that > 8Mb are completely safe. Blockchains won't hit those transaction levels for years anyway. Plus - these users should be using SPV nodes.

    2) Each user of the LN has to run their own full node for LN to work and connections must always remain open.

    LN operators basically want users to use an off-chain IOU system while being forced to run and support on-chain hardware. LN-IOU tokens are not and cannot be validated directly on the BTC blockchain, so why would these users run a fully validating node? LN operators want users to run the hardware, so that they can profit off of the software. In my opinion, this is super deceptive and introduces middle-men into an otherwise peer-to-peer system.

    On the other hand, increasing the maximum blocksize allows for cheap on-chain, instant transactions that can be validated with SPV nodes (on BCH). No full node required. Mining nodes are still securing the network, as they've always done.

    Note that when BTC introduced "replace by fee" these "great developers" removed the benefit of allowing instant transactions so that users could pay more. As a result BTC, has limited its 'velocity of money' by just allowing ~3 transactions per second and has guaranteed that the transactions that get in will be expensive. Great user experience! /s

    Bitcoin Cash transactions are secure just seconds after being made. Satoshi had written code to increase the maximum blocksize and that's exactly why Bitcoin Cash is an upgrade to BTC.

    Hope this cleared up the "always run a full node!" argument.

    Update: It's amazing how confused BTC users are about this. If your non-mining full-node disagrees and it's not part of the 51% of mining nodes, you're forked off and are now on an altcoin chain. It's that simple. It is a mining node issue, not a full-node issue. Full-nodes only read and make transactions, they either accept what is given to them or are removed. I'm not taking about social issues of "now people are upset"; this is about full-nodes not adding anything at all in term of security to the network over SPV nodes. You will be upset either way, even if you're using an SPV node. Running a full-node gives you no protection over SPV, it also doesn't increase network security. Only miners increase security or decentralization.

    submitted by /u/masterD3v
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    This great comment from Pyalot deserves its own post

    Posted: 27 Apr 2019 07:22 AM PDT

    I'm reposting this because I can't say it better than myself. This was /u/Pyalot

    Source: https://www.reddit.com/r/btc/comments/bhwwmx/email_from_bitfinex_should_i_worry/elwu47i/?context=3

    Bitfinex is playing a game of chicken with the market/news, betting they can prop up USDT price using their (mostly cryptocurrency) reserves for long enough until the selling pressure blows over.

    Up to the point they actually run out of reserves, things will look more or less perfectly normal. When Bitfinex'es funds run out, things will get very ugly, very fast (as there won't be anybody left to buy up USDT against overwhelming selling pressure). Like a chicken hitting a concrete block at hypersonic velocity. USDT will collapse to a price near $0 within seconds. You will not get any warning or time to sell. Any standing sell order you placed on an exchange beforehand won't execute (except for the lucky few) until you've lost all your money and sold off your USDT for fractions of a cent to the dollar.

    USDT holders/Bitfinex customers are riding shotgun on that hypersonic game of chicken blindfolded, having no idea how much reserves Bitfinex has and how fast they're spending them. Rest assured, Bitfinex will not tell anybody when they're about to run out of funds. They'll claim everything is fine up to the last millisecond.

    • Do not hold USDT (or any other "stablecoin", they aren't, stable)
    • Do not keep funds on Bitfinex (in fact do not keep funds on any exchange if you can avoid it)
    • Do not get Goxxed
    submitted by /u/jessquit
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    Why in the world would USDT be on the rise?

    Posted: 27 Apr 2019 09:53 AM PDT

    In light of recent events, how is this possible??

    submitted by /u/PapaChonson
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    BCH Developer Builds Onchain Token Auction Console — SLP Agora

    Posted: 27 Apr 2019 07:34 AM PDT

    It seems like the less free crypto subbreddits like /r/cryptocurrency are allowed to talk about how Tether is a problem. The last year those topics would get hit by downvote bots or deleted.

    Posted: 27 Apr 2019 09:59 AM PDT

    I have always been of the following theory. The TPTB got control over

    1) Growth of Bitcoin by the line of code that prevents a bigger blocksize

    2) Narrative by controlling /r/bitcoin and bitcointalk + propaganda websites like bitcoinmagazine (they were free once but got sold and became less free)

    3) Price of crypto by indirect control over Tether. ai TPTB can seize a bank account that belongs to Bitfinex and crash the market indirectly. Or arrest the 5 guys that control the Tether omni token.

    It looks like they are changing strategies on three. If this is true we are looking forward to the biggest crypto bloodbath. If they are losing 1 because of Bitcoin Cash and 2 because of websites like coinspice.io then three is all they got.

    If I am correct we are looking at a lot of red numbers in the future. But Bitcoin Cash has always been a survivor. There migh be huge opportunities to buy Bitcoin at an absolute steal price. Maybe even under 50 USD.

    And we got sideshift.ai now (PM me for a referall code) and software for atompic swaps, so get used to using does and you will have a plus on people that only use exchanges. (if Tether dies, it will drag down many exchanges)

    And most importantly, this all started happening after they arrested Assange. There is a powerfull connection between Assange and Bitcoin. He is not Satoshi but Assange is a huge whale.

    Also does anybody know why coinlib, (scroll down to 24 hour flow) is showing 900 million dollars worth of the Brazilian real being traded?

    submitted by /u/Kain_niaK
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