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    Tuesday, April 23, 2019

    BTC This is why more and more businesses are making the switch from BTC to BCH

    BTC This is why more and more businesses are making the switch from BTC to BCH


    This is why more and more businesses are making the switch from BTC to BCH

    Posted: 22 Apr 2019 10:29 PM PDT

    The guy who won this week's MillionaireMakers drawing has received ~$55 in BCH and ~$30 in BTC. It will cost him less than $0.01 to move the BCH, but $6.16 (20%) in fees to move the BTC.

    Posted: 22 Apr 2019 04:04 PM PDT

    Post: https://np.reddit.com/r/millionairemakers/comments/bg1c7o/its_an_easter_miracle/

    I arrived at this figure by looking at the number of inputs in his BTC address (13 at the time of this post), and using the current recommended fee for next-block confirmation on BTC, which is 58 satoshis per byte according to https://bitcoinfees.info/

    This is also ignoring the fees that were required to send him the BTC in the first place. I see several transactions that had to pay $0.50 or more in fees just to send the guy $1. Those people are effectively only giving the guy $0.50 instead of the dollar they think they are sending, because he now has to pay the fee to move it himself.

    This is why BCH still works as p2p ecash and BTC doesn't.

    submitted by /u/BeijingBitcoins
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    The Cash Accounts specification has been updated to support tokens!

    Posted: 22 Apr 2019 04:37 PM PDT

    People who say BTC is a store of value have no idea how Bitcoin first took off - because of Silk Road. Nobody in his right mind would have gambled on a coin which almost literally came out of thin air and wasn't used for anything, but actually having a use case made it a real currency.

    Posted: 22 Apr 2019 08:50 AM PDT

    One study estimated most of the of coins mined at the time (circa 2013) went through SR , so most of its use case was a currency - the complete opposite of what Core pushes it to be now.

    submitted by /u/unitedstatian
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    @Bitcoin Twitter account under the threat of being banned by BTC supporters

    Posted: 23 Apr 2019 12:44 AM PDT

    The Inbound Capacity Problem in the Lightning Network

    Posted: 22 Apr 2019 03:38 PM PDT

    "After seeing the private messages between @jack and @zackvoell looking to deplatform @bitcoin it begs the question how much we can believe @MessariCrypto to be transparent and non biased in it’s reporting"

    Posted: 22 Apr 2019 12:11 PM PDT

    I've started including a BCH address in the videos on my music theory channel. While there might not be a lot of overlap in the communities, it should at least be some positive exposure for BCH =)

    Posted: 22 Apr 2019 05:42 PM PDT

    The average South Korean crypto trader took advantage of the bear market - average increased holdings by +65% over past year!

    Posted: 23 Apr 2019 01:58 AM PDT

    US bitcoin trader and girlfriend could face death penalty over Thai 'seastead' | CNN

    Posted: 22 Apr 2019 07:33 PM PDT

    Observation: Many Bitcoin Core (BTC) proponents are very comfortable with three dishonest means

    Posted: 22 Apr 2019 12:42 PM PDT

    • Censorship (see bitcoin twitter case and many more)
    • Misinformation (see Bcash, biased news reporting)
    • Disinformation (rewriting Bitoin's history, Roger or Chinese miners)

    Conclusion: morally corrupt and their opinion leaders remain silent or are complicit.

    submitted by /u/Egon_1
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    Graphene compression with / without CTOR

    Posted: 22 Apr 2019 08:56 AM PDT

    In my post last week, /u/mallocdotc asked how Graphene compression rates compare with and without order information being included in the block. Just to be clear, this is mostly an academic discussion in BCH today because, as of BU release 1.6.0, Graphene will leverage CTOR by default and no longer need to send order information. Nevertheless, it's an interesting question, so I went ahead and ran a separate experiment on mainnet. What's at stake are log(n) bits per transaction (plus serialization overhead) needed to convey order information. Since calculating order information size is straightforward given the number of transactions in the block, this experiment is really just about looking at the typical distribution of block transaction counts and translating that to compression rates.

    Beginning with block 000000000000000002b18e2235e5ae3f62abb4be1bd6e933bafd47899c2ab721, I ran two different BU nodes on mainnet. Each was compiled with commit 02aa05be on the BU dev branch. For one version, which I'll call no_ctor, I altered the code to send order information even though it wasn't necessary. The other node, with_ctor, ran unmodified code so that no order information was sent. Below are the compression results. Overall, there were 533 blocks, 13 of which had more than 1K transactions. Just a reminder, compression rate is calculated as 1 - g/f, where g and f are the size in bytes of the Graphene and full blocks, respectively.

    with_ctor:

    best compression overall: 0.9988310929281122

    mean compression (all blocks): 0.9622354472957148

    median compression (all blocks): 0.9887816917208885

    mean compression (blocks > 1K tx): 0.9964066061006223

    median compression (blocks > 1K tx): 0.9976625137327318

    no_ctor:

    best compression overall: 0.9960665539078787

    mean compression (all blocks): 0.9595203105258268

    median compression (all blocks): 0.9855845466339916

    mean compression (blocks > 1K tx): 0.9915431691098592

    median compression (blocks > 1K tx): 0.9929303640862496

    The improvement in median compression over all blocks amounts to approximately a 21% reduction in block size using with_ctor over no_ctor. And for blocks with more than 1K transactions, there is approximately a 71% reduction in block size. So we can see that with_ctor achieves better compression overall than no_ctor. But the improvement in compression is really only significant for blocks with more than 1K transactions. This probably explains why the order information was reported to account for so much of the total Graphene block size during the BCH stress test, which produced larger blocks than we typically see today. Specifically, that report cites an average of 37.03KB used for order information. But in my experiment I saw only 321.37B (two orders of magnitude less).

    Edit: What's at stake are log(n) bits per transaction, not n log(n).

    submitted by /u/bissias
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    BTC maximalists continue their attacks on the @Bitcoin Twitter account trying to get it suspended or taken over -- let me be very clear -- Bitcoin is NOT a brand name! It is not equivalent to Adidas, Nike, or Rolex.

    Posted: 22 Apr 2019 10:33 AM PDT

    Peter R. Rizun: "BTC is realizing that Lightning cannot solve the high-fee problem and that a block-size limit increase is needed for another growth cycle. But once bigger blocks are discussed seriously, BCH will gain further credibility as its scaling roadmap is recognized as superior."

    Posted: 22 Apr 2019 05:19 AM PDT

    introducing STAT for CashShuffle -- a solution to the consolidation problem.

    Posted: 22 Apr 2019 09:52 AM PDT

    Japan To Have Another Exchange

    Posted: 22 Apr 2019 08:29 PM PDT

    Best way to split BCHSV and BCH today?

    Posted: 22 Apr 2019 09:03 PM PDT

    I have some old BCH that I never split. What's the best way to split it? I was about to use https://github.com/markblundeberg/coinsplitter but there's a note here that says:

    This project is out of date, but I'm keeping it up for posterity. The best way to split your coins nowadays is to get some already-split dust and use the official Electron Cash (on BCH) and/or ElectrumSV (on BSV). New users should avoid using this version due to phishing vulnerabilities in Electron Cash that have appeared in the last few months. Cheers! -Mark

    So I'm having trouble following. I have those two wallets, I'm supposed to get some dust and then "use" the wallets... use them how? I can send some split BCH and/or BCHSV from an exchange to myself but then what do I do? Please help. Thanks.

    submitted by /u/shortstacksweetie
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    “Hey @Jack, asking @Bitcoin to give up their account, which discusses the IDEA of Bitcoin rather than a single implementation, is like asking @God to give up theirs because they tweet about both Catholicism and Judaism. Sorry you invested in @lightning, but Bitcoin needs it not.”

    Posted: 22 Apr 2019 05:55 AM PDT

    Crypto Charity Airdrop Venezuela Raises $292K – Mostly in BCH

    Posted: 22 Apr 2019 10:25 AM PDT

    ASICseer.com is an ASIC management and monitoring system that installs directly onto Bitmain hardware. We launched today, come check us out!

    Posted: 23 Apr 2019 12:15 AM PDT

    Flowee version 2019.04 is created, it has a small number of bugfixes but most importantly it supports the May 15th #BitcoinCash protocol upgrade. Hub users can just sync to the "latest" docker tag or compile from the 2019.04 branch.

    Posted: 22 Apr 2019 06:35 AM PDT

    Yahoo Finance: "[BTC] and [BCH] both have different ideas on how to make Bitcoin usable for increased traffic.... Time will tell who is right"

    Posted: 22 Apr 2019 05:35 AM PDT

    South Korean investors are spending 6,000 USD on average for Crypto. What about you?

    Posted: 22 Apr 2019 09:04 PM PDT

    https://bitcoinnews.com/south-korea-crypto-investors-spent-6000-average-in-2018/

    How much are you spending on crypto and which country are you from?

    submitted by /u/Zipmex
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    SegWit is a Fork. Bitcoin Core (BTC) is a Fork! Facts are Facts!

    Posted: 22 Apr 2019 08:08 AM PDT

    Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

    Posted: 22 Apr 2019 06:39 PM PDT

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