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    Tuesday, April 30, 2019

    BTC Vitalik Buterin: Bitcoin Cash underrated, getting Schnorr signatures ahead of Bitcoin, lots of real technical talent

    BTC Vitalik Buterin: Bitcoin Cash underrated, getting Schnorr signatures ahead of Bitcoin, lots of real technical talent


    Vitalik Buterin: Bitcoin Cash underrated, getting Schnorr signatures ahead of Bitcoin, lots of real technical talent

    Posted: 29 Apr 2019 04:46 PM PDT

    "Bitcoin Cash, I think, is underrated at this point. If you follow the community they've become considerably more sane ever since they've expunged the Bitcoin SV people and they're getting Schnorr signatures ahead of Bitcoin. They have a lot of real technical talent in there and it's getting interesting."

    -Vitalik Buterin speaking at ETHCapeTown (Apr. 19th, 2019)

    submitted by /u/cryptoslate
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    BSV trolls are now harassing people via PM. Don't be intimidated by these thugs and the "you are under investigation" threats.

    Posted: 29 Apr 2019 09:05 PM PDT

    Splitphobia (aka The-Fix-Is-In)

    Posted: 29 Apr 2019 08:46 PM PDT

    As in other historic scenarios when someone wants to implement a policy which is against people's best interests then the easiest way to do it to manipulate people into believing that the said policy is in their best interests because in case of success the people will not only NOT oppose the harmful policy but they will embrace it.

    Unfortunately manipulation works and it's very easy to do: when you have no rational arguments to win a debate then the only way to win it is to address the irrational inner-desires of your opponent because he has no control over them. The documentary "The Century of Self" does a good job of explaining the process: https://www.youtube.com/watch?v=DnPmg0R1M04

    Blockstream unofficial agenda is to destroy, delay or discredit the BTC concept. They did a splendid job however they have one huge problem: hard forks. Hard Forks means that people can leave BTC's plantation and keep alive the BTC concept outside of their control which is simply not acceptable for them. Communism biggest problem was the existence of capitalism; any closed system biggest problem is the existence of an alternative better system. That's why Blockstream doesn't give a sh*t about BTC scaling, it's all a circus, and their main purpose is to discredit, discourage and destroy any BTC hard fork ... at any cost.

    This is the main reason why since 2017 they are trying to kill BCH. Until now their most successful attack vectors were:

    1) Manipulate BTC price. The only reason BCH did not take over BTC in 2017 is Tether printing and BCH will not be able to compete with BTC on price until Tether/Bitfines are gone. Probably the most successful Ponzi-scheme in history (outside of the banking sector).

    2) Unrelentless smearing campaign without any real basis (on-chain scaling doesn't work, BCH is a scam, BCH was founded by Roger Ver, BCH is bcash, BCH is an altcoin, etc). Unbelievably successful as almost all my real life friends know that BCH is Roger Ver's scam coin despite all my efforts to correct them.

    3) Unleashing a ton of BTC scam-forks (BTC Gold, BTC Diamond, others) which are truly scams without any prospects for the future. The idea was to drown BCH in a see of sh*t because most crypto-users don't know the difference between forks. Fortunately this was a dud.

    4) Incentivize BCH forks. Unfortunately BSV sole reason to fork from BCH was to destroy BCH's market value and split the community. Neither CSW or CA care about the BSV project because in that case they would have protected BSV market value while in fact they've done the opposite. This was quite successful.

    Now, what's new:

    5) Create a new narrative - Splitphobia (Hard Fork-phobia) - intended to delay BCH progress by creating an irrational fear of hard forks. That's why BSV trolls are complaining about BCH forks (!?), suddenly Binance's CEO is complaining about BCH forks, why Greg Maxwell is whining about Schnorr signatures first on BCH blockchain or why unknown hashrate suddenly appears on BCH blockchain before each upgrade fork.

    As if necessary to dispel why this concept is utterly garbage then I will mention some facts:

    1) There is nothing irrational about hard forks. They are not inherently evil or good. Hard forks are the best way to safely upgrade the BCH blockchain at any given time. Soft forks don't work and in fact BSV was born because of a soft fork.

    2) Without Blockstream, Bitfinex and Binance sponsored attacks BCH forks should not impact BTC price value -> the BTC miners would not be forced to switch to BCH in order to protect it therefore indirectly damaging the BTC price value. They are complaining about BCH forks damaging BTC but without their sponsored attacks there would be no damage to the BTC price value. What's the name of this?

    3) Hard forks are very powerful and can be used to implement consensus altering changes. However no such changes were implemented until now and ABC's roadmap is pretty clear about the future (https://www.bitcoinabc.org/2018-08-24-bitcoin-abc-vision) Now, I think Avalanche will slightly impact the consensus rules but that's another topic :)

    TL;DR: All this noise about BCH planned network upgrade is just that: noise. BCH will upgrade again, it will become better and stronger, and Blockstream cannot do anything about it (in fact they are running out of options). The surprising loser in this fight is BSV which is acting in Blockstream's interests and against BSV's holders interests. Whomever invested in BSV will be completely wiped out at the end of this debacle.

    Thanks @deadalnix and all the other awesome BCH developers. The fact that you are making Blockstream and BSV trolls go out of their minds means that you are doing the right thing :)

    submitted by /u/toro_ro
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    Austrian Economics for Bitcoiners with Jeffrey Tucker

    Posted: 29 Apr 2019 11:49 PM PDT

    Elon Musk is asking Vitalik what he should build on Ethereum.

    Posted: 30 Apr 2019 01:00 AM PDT

    Fraudulent email was produced by Wright in discovery.

    Posted: 29 Apr 2019 11:22 AM PDT

    https://www.courtlistener.com/docket/6309656/159/kleiman-v-wright/

    The latest filing in Kleiman v Wright is the plaintiff's response to Wright's most recent motion to dismiss. You might recall that Wright's motion was originally submitted with a exhibit purportedly demonstrating that David Kleiman had made Uyen Nguyen a director of W&K. That document was quickly shown to be a forgery. Wright's sycophants have since claimed the forgery was produced by Kleiman.

    Today's filing shows that to be yet another in a long string of lies. Not only was the fraudulent email produced by Wright, so were additional documents that allude to his active creation of the forgery. Shortly before the forged PDF was created (according to its metadata time stamps) Wright sent a draft of the message from himself to himself! While I'm sure some moronic explanation for this will be concocted (wow, that was even dumber than expected), the evidence is pretty overwhelming: Wright attempted to defraud the court by submitting a forged email.

    submitted by /u/cryptocached
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    Electrum Wallet (Bitcoin BTC) still under attack by malicious nodes & fake update messages. $4.6 million stolen so far.

    Posted: 29 Apr 2019 05:40 PM PDT

    Electrum DDoS botnet reaches 152,000 infected hosts

    April 29, 2019

    We have been closely monitoring the situation involving the continued attacks against users of the popular Electrum Bitcoin wallet. Initially, victims were being tricked to download a fraudulent update that stole their cryptocurrencies. Later on, the threat actors launched a series of Distributed Denial of Service (DDoS) attacks in response to Electrum developers trying to protect their users.

    Since our last blog, the amount of stolen funds has increased to USD $4.6 million, and the botnet that is flooding the Electrum infrastructure is rapidly growing. Case in point, on April 24, the number of infected machines in the botnet was just below 100,000 and the next day it reached its highest at 152,000, according to this online tracker. Since then, it has gone up and down and plateaued at around the 100,000 mark.

    https://blog.malwarebytes.com/cybercrime/2019/04/electrum-ddos-botnet-reaches-152000-infected-hosts/

    https://www.bleepingcomputer.com/news/security/botnet-of-over-100k-devices-used-to-ddos-electrum-servers/


    Older article, which explains the attack:

    https://blog.malwarebytes.com/cybercrime/2019/04/electrum-bitcoin-wallets-under-siege/

    submitted by /u/normal_rc
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    Bitfinex is a fraud. Bitfinex used Tether reserves to mask missing $850 million. Bitfinex are owners of Tether and major investor in Blockstream. Video published April 26, 2019.

    Posted: 29 Apr 2019 12:17 PM PDT

    Where There's Truth, There's Trolls

    Posted: 30 Apr 2019 01:37 AM PDT

    I Just Released Version 3 of my 3D Printable Isomorphic Piano Keyboard Overlay, and am Offering a 10% Discount to Those Who Pay with BCH =)

    Posted: 29 Apr 2019 05:31 PM PDT

    Introducing Ghost Talk: A Blockchain Social Network

    Posted: 30 Apr 2019 01:17 AM PDT

    The BSV group is about preventing upgrades. They aren't trying to "save" Bitcoin Cash or return it to some idealistic intended form. They are trying to prevent peer-to-peer electronic cash from working. They don't want adoption and their actions are intended to harm the price.

    Posted: 29 Apr 2019 09:33 AM PDT

    In the October/November "hashwar" the price went from $600 to $100. BSV didn't seem to care at all about the damage they were causing. In fact they just made more threats. This unveils their overall actions as being malevolent. They want to reduce adoption, not grow adoption. They want to harm the price, not increase it. They don't care about actual fundamentals regardless of what any social trolls say on this subreddit.

    For example, recently the BSV chain accidentally re-org'ed itself after a 128Mb block was attempted. Bitcoin claims blocks need to be too small, BSV claims blocks need to be too large, but Bitcoin Cash does it right: blocks need to be as large as technically possible without introducing network propagation or security issues. It's common sense engineering that these other projects intentionally lack.

    On May 15th Bitcoin Cash is adding the following upgrades:

    • Schnorr signatures for enhanced privacy and performance, for both single- and multiple-signature transactions. (so much for the lie that BitcoinCore has better developers)

    • Segwit recovery transactions. With the last protocol upgrade, the enforcement of the CLEANSTACK rule made it impossible to recover funds from Segwit transactions. With the upgrade, there will be an exception to this rule to enable recovery of these funds once again. (yay, people get their money back)

    Only people against peer-to-peer electronic cash would try to prevent these upgrades. We should treat the hashrate takeover attempts as attacks because that's what they actually are. They want centralized control of a permissioned system and they want to steal the Bitcoin Cash brand. That's not the economic freedom that Bitcoin was designed to be.

    submitted by /u/masterD3v
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    Just added a merchant to greenpages.cash

    Posted: 29 Apr 2019 05:39 PM PDT

    I suspect there is a chance that during this next hardfork (and possibly others in the future), there will be an attempted hashrate overthrow. But this time unannounced, so as to keep BCH proponents unprepared/unguarded. Best to have extra hashes ready for hardfork upgrade days!

    Posted: 29 Apr 2019 08:22 AM PDT

    They (BSV) learned that announcing their intentions in advance to overthrow the chain didn't work last time, so it may be a bit more covert this time.

    submitted by /u/BitcoinIsTehFuture
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    day 1 was a success (crypto for the homeless)

    Posted: 29 Apr 2019 01:58 PM PDT

    I just wanted to update you guys - I was able to go around Philly feeding a handful of homeless people today. This is exactly how I wanted to start this, and I appreciate the great support shown from /r/btc

    https://cryptohomeless.home.blog/

    this is the link to the website I made yesterday - with some pictures from today! I will be going out again sometime this week. All support is greatly appreciated!!!!!!!

    submitted by /u/brollikk
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    Eric Lombrozo on Twitter: "I don't care who claims to control the money." - that's the mind set you will find in the Core camp in 2019. No sane OG Bitcoiner would agree with that perspective.

    Posted: 29 Apr 2019 11:45 AM PDT

    Censorship free reddit alternative with built-in tipping to support creators.

    Posted: 29 Apr 2019 12:12 PM PDT

    Grayscale (owned by Barry Silbert) tweeting dishonest tweets

    Posted: 29 Apr 2019 12:34 PM PDT

    BCH worth more than BTC?

    Posted: 29 Apr 2019 02:48 PM PDT

    Am I alone here thinking BCH intrinsic value is 5100, equal to whatever BTC is currently? I believe we will have strong use cases not in the future, but actually right now in 2019. I feel we will see:

    1. a large online vendor accept crypto
    2. airports accept crypto and some tourist towns
    3. wire of crypto increase (vast use cases, wiring for real estate, for instance)
    submitted by /u/waxheartzZz
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    Bitcoin with it's finite supply is considered a "Giffen good(s), more desirable and demanded the more expensive they are." The rich will buy select stocks and Giffen Goods (page 2/3) - CitiGroup Plutonomy Leaked Memo (2005)

    Posted: 29 Apr 2019 06:32 PM PDT

    https://delong.typepad.com/plutonomy-1.pdf

    also read pages 34-40+ of "The Science of Government Founded on Natural Law" 1841 - Clinton Roosevelt

    https://ia801405.us.archive.org/28/items/sciencegovernme00roosgoog/sciencegovernme00roosgoog.pdf

    If you like either one of those pieces then watch this video for more information:

    https://www.youtube.com/watch?v=MUyWmmWtcFM#t=36m

    submitted by /u/Mikelikescrypt0
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    just a reminder! Mining Should Be a Competition Open to All!

    Posted: 29 Apr 2019 12:24 PM PDT

    A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

    Posted: 29 Apr 2019 12:09 PM PDT

    Fundstrat Sees 11 Signs That Bitcoin Will Hit A New All-Time High in 2020

    Posted: 30 Apr 2019 12:01 AM PDT

    Cryptocurrency Investors Shrug Off Tether Woes

    Posted: 29 Apr 2019 02:18 PM PDT

    Why I'm sending more BTC to exchange for BCH

    Posted: 30 Apr 2019 01:54 AM PDT

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