BTC Silk Road’s Ross Ulbricht thanks Bitcoin Cash’s [BCH] Roger Ver for campaigning for his release |
- Silk Road’s Ross Ulbricht thanks Bitcoin Cash’s [BCH] Roger Ver for campaigning for his release
- PSA: Scam message going around to /r/btc users
- Community motion to raise BCH consensus block size to 64MB 2019-07-01
- Bitcoin Cash has amazing developers and an amazingly passionate community.
- Hal Finney Typography.
- Miner configurable delay between accepting a TX to mempool and adding to the block to be mined?
- Bitcoin.com wallet sent my tx with a a <1 sat/byte fee. How can I get it confirmed?
- CashShuffle 101 with Josh Ellithorpe video!
- Reasons to use CashShuffle
- I don't trust this market uptick, reminds me of the time willybot was buying up all the Bitcoin on Mtgox. I think we might hit as high as 10 000 USD for BTC and then a massive 80% crash. After that, it might be an excellent time to accumulate more BCH. What do you guys think?
- Reminder | There's no such a thing called BSV community, there are BSV employees working for one guy called Calvin Ayer.
- Bitcoin Cash and the BCH based ACD token will be accepted at thousands of merchants across Japan
- This video did NOT age well (aantonop), 20-second clip
- You were kind of right about r/Bitcoin
- You currently would have to do 1800 BTC transactions on the lightning network to break-even over doing the same number of transactions on Bitcoin Cash.
- Roger Ver on Twitter: The revolution begins June 4th. Local.bitcoin.com
- Two kinds of Bitcoiners
- Hey everyone! I've been working closely with Vin Armani, and Crescent Cash will support CoinText's new feature to pay to any phone number via BIP70-supported wallet!
- VenezuelaWorkers.Com
- Awesome use-case: This Guy's Streaming a Techno Set and He's Got a BCH QR Code on Screen =)
- Binance Details Hacked 7000 BTC Security Incident in New Update
- Next Block Fee: BCH $0.0014 vs BTC $1.86
- CZ Binance 2018 on BCH Ticker: "The reason is: due to the large, heavily-performance-optimized, distributed architecture, changing a symbol requires updating lots of places and data in our system. It would require at least a few hours of trading halt. We felt the tradeoff is not worth it."
- "Bradley Sherman": wE HaVe tO OuTlAw BiTcOin bEcaUsE iT iS THrEaTeNiNg OuR ScHeMe
- Bitcoin Unlimited drops support of its BTC client, majority of membership does not support maintaining "BSV rules" version :)
| Silk Road’s Ross Ulbricht thanks Bitcoin Cash’s [BCH] Roger Ver for campaigning for his release Posted: 10 May 2019 10:28 PM PDT
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| PSA: Scam message going around to /r/btc users Posted: 10 May 2019 09:45 PM PDT Here is the text of the messages, I got mine from /u/bdawg5020
My advice is if you get these messages and you think they are scams is to report them to Reddit. [link] [comments]  | ||
| Community motion to raise BCH consensus block size to 64MB 2019-07-01 Posted: 11 May 2019 12:10 AM PDT Edit: title should say 2019-08-01 I'm going to keep this brief. I got into this BCH party to develop peer to peer cash. A requirement for the success of our project is that we demonstrate the capacity to scale up onchain by several orders of magnitude. Since the block size was raised this time last year the progress on increasing capacity has been spotty at best. A lot of development has taken place in regards to adding "features", including block propagation scaling, but the developments have been unfocused and critical scaling bottlenecks remain in some clients, most notably Bitcoin ABC. However, AFAIU, all of the other key clients have addressed the most critical bottlenecks. In particular Bitcoin Unlimited, which is now dedicated exclusively to BCH development, is also a popular mining client. One of the things that makes Bitcoin Cash more decentralized than its brethren Bitcoins is that Bitcoin Cash has no official reference client. However this benefit is useless if the community does not exploit it. Another very significant benefit of Bitcoin Cash is that no Bitcoin Cash client has a hard coded block size limit. Every client has a user adjustable block size limit. However, just like decentralized clients, this is a feature that offers no benefit if it's never used. Therefore I propose to the community that on or about 2019-08-01 we agree to raise the block size limit on the BCH chain to a modest 64MB. Developers can support this by releasing a supporting interim patch with defaults changed, or if not, we can produce instructions on how to manually upgrade your node. However an easy solution is simply to switch to Bitcoin Unlimited, Flowee, or another client that has addressed the first order scaling bottlenecks. Q: won't this open the network to fragmentation if some clients can't keep up? A: only if people insist on running clients that can't keep up with current network capacity. Q: shouldn't there be benchmarking before we do this, to ensure it's safe to do? A: yes, there should............??? Q: shouldn't we give time for devs to all agree they're ready? A: Here i agree with deadalnix. We cannot wait for the least productive teams to decide to implement needed changes, because such a policy will allow anyone to obstruct progress indefinitely. Hopefully the awareness that the community intends to make this change with a deadline will encourage developers to reprioritize their work Q: Why do you think this is needed now? Blocks are nowhere near full. A: Because after the fiasco of Microsoft and Dell and Steam and so many others agreeing to support Bitcoin, then getting burned hard on the inability of the network to support their business, we are going to have to prove our production capacity before any of them will return to crypto. Q: why 64MB? Why 2019-08-01? 64MB is a rectal extraction. I would prefer a much larger number, like 128MB or more. If someone has a counterproposal based on objective data, I would prefer that. August 1 2019 is the anniversary date of the BCH split and is therefore a symbolic date to take a next step in scaling as well a wonderful date on which to show the world that BCH is not bound to a single reference client. I came to this party because I strongly believe in the mission of p2p cash, which require very big blocks. I also believe very strongly that BCH is made stronger by not having a centralized reference client. I'm tired of paying lip service to these. As we sometimes say in Texas, you gotta shit, or get off the pot. I look forward to reading everyone's discussion. I'm probably going to be offline for a bit today so I may not respond to everyone's comments. [link] [comments]  | ||
| Bitcoin Cash has amazing developers and an amazingly passionate community. Posted: 10 May 2019 09:49 AM PDT | ||
| Posted: 10 May 2019 02:30 PM PDT
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| Miner configurable delay between accepting a TX to mempool and adding to the block to be mined? Posted: 11 May 2019 01:09 AM PDT
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| Bitcoin.com wallet sent my tx with a a <1 sat/byte fee. How can I get it confirmed? Posted: 11 May 2019 01:42 AM PDT This happened to me a second time in a year now, which is very annoying. It has been a couple hours now my tx is waiting in the mempool. Bitcoin.com pool is not mining it either. Double fail! Does any of the BCH miners mine < 1 sat/byte fee tx? Are there any accelerators for BCH? PS to bitcoin.com people: Please for f*k sake, make your minimum fee something like 1.10 sat/byte. This is an unacceptable failure in my opinion. EDIT: Just got confirmed. Maybe someone saw my post. Who knows. But please fix this bitcoin.com people or readjust your default to something like 1.01 or 1.05 if you cannot fix the bug. [link] [comments]  | ||
| CashShuffle 101 with Josh Ellithorpe video! Posted: 10 May 2019 07:24 PM PDT
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| Posted: 10 May 2019 06:09 PM PDT This is my first post in r/btc trying to add some content of value. After the amazing welcome from the community, I decided to compile a list of reasons to actively use CashShuffle. What is CashShuffle?CashShuffle is a feature available in some wallets (currently only in Electron Cash) that lets users join transactions to generate similar outputs that are practically indistinguishable from each other. This helps improve overall privacy of the users and makes bitcoins more fungible by obfuscating the source of the future inputs. What are the reasons to use CashShuffle?Bitcoin Cash is not a private currency. Because it has a transparent ledger, anyone can see who are the parties involved in a transaction. Even if there is no direct connection to the people using Bitcoin through their addresses, chain analysis (the techniques used to understand and trace the transactions in the blockchain) is already is a concern. For that, very good reasons to use it are: It improves the privacy of the users. The people who use CashShuffle might not be succesfully tracked or even not tracked at all if there is not a good amount of resources to unveil the transaction history of a particular user. It improves the privacy of the network. More people using CashShuffle mean more fungible and pseudo-private coins in circulation. Even if a user does not want to use CashShuffle himself (although not recommended), he has less chance of being paid with tainted, less valuable coins. Also, it makes chain analysis difficult, expensive and less reliable. It makes bitcoins more fungible. Even if it is not entirely possible to wipe the history of a coin, its path through the blockchain can be obscured and obfuscated efficiently thanks to this approach. It can be easily implemented on the network. CashShuffle can be easily implemented because it operates using the current rules of the blockchain and follows the protocol without needing a hard or soft fork. It is a smart solution to the privacy and fungibility problems of Bitcoin without needing to change anything. It is already implemented. ;-) CashShuffle is already working and implemented. The Electron Cash wallet has already implemented this feature and it is not hard to start using it. It is cheap. Every shuffle cost about 270 sats, which is the transaction fee. Also, no one gets paid for it; servers only join transactions toghether. Of course, it is cheaper when implemented on the Bitcoin Cash blockchain. More informationHow to use CashShuffle with Electron Cash (video) CashShuffle explanation and demonstration, by Chronos (video) Wallets that support CashShuffle[link] [comments]  | ||
| Posted: 11 May 2019 12:13 AM PDT Tether acting as a central bank was always going to have ramifications. Bitfinex and Binance might both not be solvent without Tether acting as central bank. It feels like the market is supported by trust, but not the trust that comes from decentralisation. The trust from a bunch of shady guys that have a lot of grip on the market through Tether and their louchy exchanges. Of course these are all feelings, I might be 100% incorrect. We will see. What do you guys think? [link] [comments]  | ||
| Posted: 10 May 2019 11:02 AM PDT
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| Bitcoin Cash and the BCH based ACD token will be accepted at thousands of merchants across Japan Posted: 10 May 2019 09:56 PM PDT
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| This video did NOT age well (aantonop), 20-second clip Posted: 10 May 2019 10:09 AM PDT
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| You were kind of right about r/Bitcoin Posted: 10 May 2019 07:59 AM PDT Yesterday I made a post about one of my main concerns about Bitcoin. I am currently unable to transact with it because of the fees implied. Here you can read my post (please do): https://redd.it/bms4ld I'm into cryptocurrencies and Bitcoin because I truly believe it to be an instrument of financial freedom (have you already seen the video of the US congressman wanting to ban cryptocurrencies?). But now that freedom has been taken away for most people because of the hidden costs of the technology (again, I encourage you read my post in r/Bitcoin). Was that post provocative in any way? Was it insulting or damaging? I don't think so. The responses I got were not the ones I would've expected from a community wanting to develop a currency for all. The good news are that everything from the protocol to the clients are free software and it can be forked if needed (not ideal, and I know it has happened). Now I'm looking towards another projects that I can use more freely and cheaply. Now is time to truly get the freedom and dignity we deserve. [link] [comments]  | ||
| Posted: 10 May 2019 09:01 AM PDT I calculated the break even point in this old post analyzing the usefulness of the Lightning Network As of post-time, in order to get a spot in the next block, the network requires a fee of around 80sat/byte BCH will still confirm a 1sat/byte transaction next-block. The cost to open a channel with a single input, 2-output transaction using SegWit Bech32 transaction is currently at least 90¢. This does not include any close or force close scenarios. I will also not include any fees from the lightning network and assume they are negligible. If the LN does expand, I don't know how long this assumption will stand. The cost to transact on the Bitcoin Cash network with a 1-input 2-output transaction is currently around .05¢. That's not 5 cents... that's 5 one-hundredths of one penny. You currently would have to make 1800 transactions on a newly created channel to break even. To those wondering "what happens if BCH has the same price as BTC:" If BCH had a current-day price of $6,250, Assuming no other changes, that same transaction in BCH would cost 1.4¢ and you would still need to do 65 transactions on the same channel to break even. That's if miners don't start accepting fractional fees for each block (e.g. 0.5sat/byte or 0.1sat/byte) which has been on the table in the past. This will become more realistic as the price rises. A realistic assumption would be 2-10x that amount should that level of price increase happen. Regardless: Open channels responsibly. [link] [comments]  | ||
| Roger Ver on Twitter: The revolution begins June 4th. Local.bitcoin.com Posted: 10 May 2019 07:28 AM PDT
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| Posted: 10 May 2019 12:34 PM PDT There are two kinds of Bitcoiners:
Y'all already know what I want. BCH PLS [link] [comments]  | ||
| Posted: 10 May 2019 09:35 AM PDT
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| Posted: 10 May 2019 12:19 PM PDT We just recently launched VenezuelaWorkers.com, a freelancing marketplace using Bitcoin Cash. Help me build up the community by creating a profile! If you need any work done (coding, graphic design, etc) and you want to hire an affordable, remote worker, give us a try. We already have 191 active venezuelan users and need more "employer" profiles. [link] [comments]  | ||
| Awesome use-case: This Guy's Streaming a Techno Set and He's Got a BCH QR Code on Screen =) Posted: 10 May 2019 04:26 PM PDT
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| Binance Details Hacked 7000 BTC Security Incident in New Update Posted: 10 May 2019 11:08 PM PDT
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| Next Block Fee: BCH $0.0014 vs BTC $1.86 Posted: 10 May 2019 10:19 AM PDT
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| Posted: 10 May 2019 09:43 AM PDT
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| "Bradley Sherman": wE HaVe tO OuTlAw BiTcOin bEcaUsE iT iS THrEaTeNiNg OuR ScHeMe Posted: 10 May 2019 10:23 PM PDT
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| Posted: 10 May 2019 03:25 AM PDT
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![Silk Road's Ross Ulbricht thanks Bitcoin Cash's [BCH] Roger Ver for campaigning for his release](https://b.thumbs.redditmedia.com/qldnNpi0XthpIvpN08Ucma0Fa7xW8ndd1uKC4jCOcDI.jpg "Silk Road's Ross Ulbricht thanks Bitcoin Cash's [BCH] Roger Ver for campaigning for his release")
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