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    Home Unlabelled BTC What are Xtreme Thinblocks? - by Chronos Crypto, march 2016

    BTC What are Xtreme Thinblocks? - by Chronos Crypto, march 2016

    April 06, 2019

    BTC What are Xtreme Thinblocks? - by Chronos Crypto, march 2016

    What are Xtreme Thinblocks? - by Chronos Crypto, march 2016

    Posted: 05 Apr 2019 11:46 PM PDT

    BTC Maximalist turned BCH supporter

    Posted: 05 Apr 2019 09:50 AM PDT

    Hi there lovely people of /r/btc!

    As of recently I used to describe myself as being a "Bitcoin Maximalist", specifically referring to BTC. But as of today, I won't be doing that anymore. What I used to love about BTC is no longer a reality. It's no longer the peer-to-peer electronic cash system being described in the white paper.

    What took you so long to realize this you might ask? Well, being around Bitcoin and using it since 2010/2011 made me hate the idea of forks. If it wasn't BTC, I didn't consider it to be Bitcoin despite being better in many ways. The BTC community bashing Bitcoin Cash whenever they can didn't make it easier either. It even got so bad that I've been wearing Blockstream merch for the last couple of months. (Yes, even as of writing this)

    I suppose it's better to realize it late rather than being a stubborn BTC maximalist hoping for the mess that's Lightning to improve. The usability of BCH on-chain is so much better than BTC on-chain. Something that I also like about Bitcoin Cash is the community. You don't start censoring people and call them scammers as soon as they have another view on things.

    Let's spend 2019 improving Bitcoin Cash and its adoption. I wish the BTC community the best of luck improving Lightning as on-chain is barely viable anymore.

    Thank you to all the developers and supporters that makes Bitcoin Cash so great!

    submitted by /u/e3b0x1
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    Honest.cash has paywalls now! (desperately waiting now for soundcloud embedding) So let's test it. I started a jazz band and here is our first recording. (It's good shit)

    Posted: 05 Apr 2019 04:28 PM PDT

    The goal is to have fast, cheap, non-censorable, peer-to-peer electronic money for the world. Decentralization just happens to be necessary for those to exist. Core claims they want decentralization but they disregard the goals in the process.

    Posted: 05 Apr 2019 10:30 AM PDT

    BitcoinCore claims that the LN helps keep Bitcoin decentralized. This is a lie. The LN throws out all of the reasons for having decentralization in the first place.

    The LN is not fast: To make an LN transaction you first need to on-board, lock up funds, make your transaction and then off-board. This entire process could take from hours to days. Further, an unacceptable percentage of LN transactions fail because they can't find the destination or funds aren't available. This is hard or impossible to fix because the funding/transfer issues that Peter Rizun has talked extensively about.

    The LN is not cheap: The LN is a double-toll road: you pay a full on-chain transaction to get on it and then you pay a full on-chain transaction to get your actual BTC out. It takes two transactions to use the tab/iou system. Once you're in that system you pay fees to middlemen who do nothing but act as an intermediary. Further, your money could be lost if those intermediaries don't play by the rules.

    The LN is Censorable: The LN introduces middlemen who do nothing to secure the network. You have to pay them fees to move your funds while they can also potentially freeze your transactions. If you don't have enough funds to settle on-chain then you lose your money. The LN won't actually function properly without some sort of centralization run by companies and you can also be sure that they will be required to add KYC/AML if the LN becomes widely used. Privacy is about dignity for most people, not for doing bad things.

    The LN is not peer-to-peer: The LN requires you to trust that several intermediaries will just play along. You have to be online 24/7 or be forced to trust/use another service called a lighthouse in order to receive transactions. if you don't have enough liquidity, that's another service you have to trust - and you can bet that bankers are looking for every way to steal your money just for making a transaction.

    Just ask yourself: is the LN better or different than the modern banking cartels? I think you'll find that the LN is a sad attempt to cripple Bitcoin's actual usage while hyping the price. This is exactly what big banks want, another asset class that doesn't disrupt their day to day scamming operations (modern banking).

    This is why Bitcoin Cash is Bitcoin. It matches the original Bitcoin Whitepaper and continues to work as peer-to-peer electronic cash. Bitcoin Cash can also scale 100x or more what BTC can, and it does it on-chain. Bitcoin Cash has better developers and all of the original Bitcoin developers are now in support of Bitcoin Cash.

    It's time for the flippening.

    submitted by /u/masterD3v
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    Even if the spender of Bitcoin buys back that Bitcoin on the market, what they’ve actually done is use Bitcoin as a crappy credit card” -Jimmy Song

    Posted: 05 Apr 2019 09:28 PM PDT

    "Even if the spender of Bitcoin buys back that Bitcoin on the market, what they've actually done is use Bitcoin as a crappy credit card. There's multiple transactions, more conversion fees and less consumer protections. In other words, it's much less convenient and thus an inferior method of payment"

    https://medium.com/@jimmysong/bitcoins-path-to-method-of-payment-6cb5b3297268

    submitted by /u/Eugine42069
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    PSA for /r/bitcoin users. Stop posting those LN links that tell everybody your IP address. Retards.

    Posted: 05 Apr 2019 05:12 PM PDT

    Or at least shut the fuck up about "mah privacy" while at the same time posting your own IP address online. You are basically saying to the entire world:

    "Hey everybody here is an IP address where you can find Bitcoins if you hack it, to make it even easier for you I have also locked some up in a channel. If you can't hack my computer you can still DDOS and blackmail cause if you keep a LN node offline for three days all their funds can be taken by their channel partners"

    And to the government: "Look I am a money transmitter without a license to help the terrorists and pedophiles get around you blocking their bank accounts."

    Like how fucking stupid are you guys and how fucking evil are your mods that they allows this hypocricy

    They are also so lazy that they have people from /r/btc write them stickies instead of doing it themselves.

    Seriously, one major LN exploit, the biggest hub that gets hacked and EVERY connected user could lose his funds. DDOSing a commericial internet connection so you can't go online to protect your channel anymore is not that hard.

    It's a recipe for disaster once enough BTC is locked in to the biggest LN hubs and of course most people will connect to the best connected hubs because then LN is more functional for them. Don't say we did not warn you.

    submitted by /u/Kain_niaK
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    Bitcoin Core (BTC) Next Block Transaction Fee: $2 ... ��

    Posted: 06 Apr 2019 02:23 AM PDT

    'The idea that you want groupthink is crazy, it's such a shortsighted approach to communication. The answer to bad ideas is not silencing those ideas, it's good ideas that are well formed and well argued so people can form their own opinions.' - @JoeRogan

    Posted: 05 Apr 2019 10:53 AM PDT

    Badger Wallet for Mobile is almost here! BCH and SLP Tokens for everyone on the go!

    Posted: 05 Apr 2019 06:50 AM PDT

    VIDEO: North Queensland's Bitcoin Cash City

    Posted: 05 Apr 2019 03:38 PM PDT

    To counter Veriblock spam, maybe core devs should release a new version of Bitcoin which limits op_return from 40 to 20 bytes. Also Veriblock is very welcome to spam the BCH network. It will be our version of Lightning Network.

    Posted: 05 Apr 2019 09:36 AM PDT

    My Presentation on The Importance of User Experience in Bitcoin

    Posted: 05 Apr 2019 07:05 PM PDT

    Bitcoin Core Developer Accused of Rape, Sexual Assault, Files Defamation Lawsuit

    Posted: 05 Apr 2019 06:40 PM PDT

    https://coinspice.io/news/bitcoin-core-developer-accused-of-rape-sexual-assault-files-defamation-lawsuit/

    ​

    TL;DR: Case No. 4:19-cv-01751, a personal injury lawsuit, was filed by attorneys of former Bitcoin Core developer Peter Todd, claiming he was falsely accused of rape and sexual assault on social media by pseudo-anonymous Tor developer isis agora lovecruft [sic]. The defamation case involves many well-known ecosystem developers, and up until this point the issues surrounding it remained mostly just rumor and accusation. ****UPDATE AT END OF ARTICLE****

    submitted by /u/afriendofsatoshi
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    I hear you guys love the /r/bitcoin ban fest drama, so here you go, this is my 30day ban, enjoy ;)

    Posted: 06 Apr 2019 01:04 AM PDT

    If I don't tell Bitstamp how much more crypto I hold, will they process this withdrawal?

    Posted: 05 Apr 2019 07:47 AM PDT

    Poloniex has frozen all "BCHABC" trading. It seems they are finally going to change the ticker after they didn't make it in time during the last maintenance.

    Posted: 05 Apr 2019 01:25 PM PDT

    Will Bitcoin Beat Visa, MasterCard To Top World Payment System Within 10 Years?

    Posted: 05 Apr 2019 01:46 PM PDT

    What if during the 2017 bull run, BTC had worked as advertised?

    Posted: 05 Apr 2019 12:01 PM PDT

    What if during the 2017 bull run, Bitcoin Core (BTC) actually worked as advertised? Fast, cheap, reliable. Imagine if everyone that bought BTC could have experienced what "Magic Internet Money" is supposed to really be like? Well, they didn't. Instead they experienced something slow, expensive, and unreliable. No wonder the bubble popped as hard as it did. It's like paying to see a movie only to discover it's a horrible movie. You're definitely not going to pay to see it again, or recommend it to your friends.

    ​

    Well, with Bitcoin Cash (BCH), we are building the foundation for the next bull run so it can work as advertised, and in the process show new users what Bitcoin is really all about. BCH is looking for repeat buyers/users.

    submitted by /u/BCHcain
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    Installing a Subdermal Bitcoin Wallet Is Only for the Brave

    Posted: 05 Apr 2019 02:49 PM PDT

    Happy Birthday, Satoshi: a Milestone in the History of Money

    Posted: 05 Apr 2019 09:37 AM PDT

    The BCH Comeback Story

    Posted: 05 Apr 2019 03:45 AM PDT

    One day soon, when BCH comes into its own and begins competing with BTC on price and transaction numbers, and one day supersedes BTC in both, make no mistake--it will be one of the most dramatic comeback stories ever, and massive vindication for so many people, those of us who clinged to Satoshi's vision and intent of a global p2p currency for all.

    It is a battle many of us feel we must fight because of all the myriad ways that authoritarian organizations called "States" have taken control of currencies and utterly destroyed and abused them to steal wealth from the people they quite literally force to use those currencies.

    The modern nation state is deeply entwined with currency-abuse, dependent on it for spending largess far in excess of what its citizens desire. Each unit of currency they print ex nihilo steals that printed value from all holders of currency, called "inflation." Venezuela is only the latest example of inflation by the State gone awry.

    Predictably, the state and its allies in the economics profession constantly propagandize the people to think that "a little bit of inflation is a good thing." As if stealing from everyone just a little bit could be a good thing. And since inflation is mostly invisible and hard to understand, you can't make a political issue out of it.

    This year they're stealing only a trillion dollars in wealth from US citizens in the form of inflation. (It would be interesting to see what fraction of world production is taken by all states in total.)

    A trillion here, a trillion there, pretty soon you're talking real money.

    Keynes said "in the long run we're all dead," but we're living in Keynes's long run today.

    The State's allies in this sly theft on the grandest scale are the banksters, which can literally create money from thin air, authorized by law to do so.

    This is what the vision of bitcoin cash stands against, against corruption and exploitation of all, against the greatest mass transfer of wealth in world history, wealth taken from all and stolen by the State and its allies.

    This is why some economists, not inured to State control of currency, predicted decades ago the emergence of a digital currency that would put an end to these abuses by the nation State.

    Of course there are many people that don't give a damn about making the world a better place, and have no respect for our desire to hold BCH to the end, no matter what, because it represents the best hope for a free and decentralized global currency for all.

    We really mean it when we express sympathy for the poor of the 3rd world, who in great part remain poor because they cannot gain access to the institutional financial services that would allow them to earn far more than they can now.

    How many are dying today, and have died, in Venezuela because of State currency-abuse? So many lives changed forever there regardless, over 3 million people have fled Venezuela, most permanently, because of currency-abuse.

    Cryptocurrency has the power to keep that from ever happening again.

    And this isn't even a new problem.

    It happened in Zimbabwe from the 1990's to 2009 where "Zimbabwe's peak month of inflation is estimated at 179.6 billion percent in mid-November 2008."

    Hyperinflation happened in Germanybetween the two world wars.

    And hyperinflation happened in France several times in a row shortly before Napoleon came to power. Napoleon hated inflation so much by then that he paid his soldiers in gold and refused to use fiat.

    Not only that but Henry the 8th began watering down even silver coinage. Even precious metals aren't immune.

    And the Romans did the same to the denari, contributing to the fall of Rome.

    This problem goes back thousands of years and only now do we have the ultimate solution in cryptocurrency and crypto-anarchy.

    You don't have to care about all of these ideas to be part of the BCH community, but you should know that it is awareness of literally millennia of currency abuse by State powers that drove the creation of cryptocurrencies in the first place, and why so many of us consider it vitally important to spend our time and treasure making sure the world gets to choose a real cryptocurrency that cannot be corrupted or destroyed by the powers that be. Thier's law is in effect.

    BTC's corruption and takeover was a massive blow against our efforts, but it is not the end, not remotely.

    And that is another reason why BCH is an important and leading cryptocurrency, because the community that cares about these issues, about the history of State currency-abuse, have gelled around BCH as the standard bearer for our hopes of a world currency that States cannot manipulate.

    Ultimately that makes BCH a better currency for everyone, whether you're aware of this history and these motivations or not. Because no one likes to lose value and savings, whether they are told it's for their own good or not.

    Certainly no one likes hyperinflation, and hyperinflation appears to be the ultimate end of every fiat currency.

    Just wanted to toss that out there for anyone who may be unaware of these issues.

    If you want more information along these lines, seek out "What Has Government Done To Our Money" by Rothbard.

    submitted by /u/Anen-o-me
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    Introducing PotOdds.cash, 2 blocks before the 1000 block jackpot

    Posted: 05 Apr 2019 06:48 PM PDT

    https://potodds.cash/

    ​

    PotOdds.cash is a BCH blockchain-based lottery game.

    ​

    1. Games pay out every 'x' number of blocks
    2. Any transaction confirmed in the last 'x' blocks (ending on the game ending block) is eligible to win
    3. Odds of winning are pot odds: the value of your transaction divided by the size of the pot

    ​

    Right now there are 3 games, with intervals of 1, 3, and 1000

    ​

    PotOdds also features an on-chain trollbox, where you can use Badger to create custom OP_RETURN transactions that are also eligible bets for the game.

    ​

    Provable fairness: the weighted random number generator is seeded with the blockhash of the game-ending block. There's a winner calculator for users to confirm the calculation of any completed game client-side. The source code is also available for inspection (runs in node). Bug bounty for any issues!

    ​

    More features and updates coming soon!

    submitted by /u/potOddsDotCash
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    Just leaving this hard drive cost chart here

    Posted: 05 Apr 2019 03:09 AM PDT

    Bitcoin Surge Triggers 950% Increase in CME Futures Contracts - Coinfomania - Coinfomania

    Posted: 05 Apr 2019 05:18 PM PDT

    If you were looking for some books: Roger on some of the books that transformed his views.

    Posted: 05 Apr 2019 09:04 AM PDT
    Read more
    at

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