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    Tuesday, July 30, 2019

    Home Unlabelled BTC In light of the IRS letters, I thought this short clip from r/boardgames fits quite well here. This young boy just learned a lesson for games, life in general and crypto in particular.

    BTC In light of the IRS letters, I thought this short clip from r/boardgames fits quite well here. This young boy just learned a lesson for games, life in general and crypto in particular.

    July 30, 2019

    BTC In light of the IRS letters, I thought this short clip from r/boardgames fits quite well here. This young boy just learned a lesson for games, life in general and crypto in particular.

    In light of the IRS letters, I thought this short clip from r/boardgames fits quite well here. This young boy just learned a lesson for games, life in general and crypto in particular.

    Posted: 29 Jul 2019 11:11 PM PDT

    Haven Has Landed! Download Now for iOS and Android! Buy and sell for $BCH Today!

    Posted: 29 Jul 2019 11:16 AM PDT

    Bitcoin Unlimited is a gold sponsor of the Bitcoin Cash City conference. Let's make it a success!

    Posted: 29 Jul 2019 02:38 PM PDT

    "the number one most-accepted crypto by the vendors at Forkfest and Porcfest 2019 was Bitcoin Cash (BCH)"

    Posted: 29 Jul 2019 12:53 PM PDT

    Double-spend proofs, SPV fraud proofs, and Cashfusion improvements all on the same day! �� BCH PLS! ��

    Posted: 29 Jul 2019 09:15 AM PDT

    https://www.reddit.com/r/btc/comments/cj92ii/double_spend_proof_just_got_real_a_first

    TLDR: merchants will be able to prove that a double spending attempt took place, creating a strong disincentive to attempting double spend fraud, and making zero conf payments even more secure

    https://www.reddit.com/r/btc/comments/cjawv5/fraud_proofs_are_solved

    TLDR: Ever heard the argument, "everyone should run a full node, or else you're trusting miners?" It's always been mostly BS, but now it's dead.

    https://www.reddit.com/r/btc/comments/cj5nkz/cashfusion_just_got_a_whole_lot_better

    TLDR: BCH just improved privacy and fungibility. Again.

    BCH PLS

    We got some great dev happening guys! Great job Team BCH!

    submitted by /u/jessquit
    [link] [comments]

    BTC: and its D.O.E. dilemma (dead on 1st experience)

    Posted: 29 Jul 2019 04:26 PM PDT

    MEMORIES!

    I remember 4 and 5 years ago being so jazzed about bitcoin I was trying to onboard everyone I could. Many ended up going down the rabbit hole. It was a FUN time! -Buying beers for friends with bitcoin or paying for my portion of the check to them in bitcoin so they could get their toes wet. I remember sending 10 cent transactions back and forth with my brother from across the country and him saying, "This is so cool"! It was always a magical type of experience seeing that light go off in their heads when you did a transaction to them with the reminder: no middleman - no bank - that's money right there -- just like cash - yup, Bitcoin is going to change the world!

    THEN SHIT HAPPENED

    We all know what happened and I'm not going to rehash the 2mb block debacle. The end result is a BTC with segshit and blocks slightly bigger than 1mb. Ok ok here we are... We're now told it's insane to spend it. (big lol there) Hodl is a religion. And I can no longer onboard anyone into btc anymore since it may cost me $4, or $6, or $20 dollars to send a few bucks. No, that's simply NOT an option any more. In fact, this leads to anyone who is 'BTC curious' now to be largely on their own with no one like me to help them through it and to gain understanding of the tech and the economic freedom that it affords. I've been completely priced out as an evangelist and teacher (and voluntary salesman) for the cause simply by the fees alone. Add to this the fact that there really aren't any merchants accepting it, and BTC has a huge problem. Because nearly the 1st question anyone ever asks when I introduce bitcoin to them is -- "ok, but where can i spend it?" This isn't propaganda for all you coretards reading this. If you have done ANY bitcoin evangelism you'll know this is almost always the very first question people will ask you - hands down! But btc maximalists don't see this as a problem! "It's a feature to not spend, not a bug!" LOL. Can the world get any more upside down than the one they are living in? Imagine that! People actually want to be able to spend their money (if they choose to)!

    DYOR !!! (Because you are alone in this):

    I've already noted how the btc takeover has decimated its grass roots sales force; guys like me anxious to pimp, and teach bitcoin to anyone and everyone willing to listen. This is a highly underestimated loss. There were many of us out there who got btc on the road to 20k, but not any more. By opting for higher fees, core killed the entire BTC ground sales force and most ardent grass roots supporters. And merchant adoption? That is POSTPONED til further notice. LOL! I guarantee even Trace Meyer is not sending bitcoin to people any more, in fact he's probably doing a podcast right now about the hodler of last resort propaganda he literally depends on....but I digress.

    But what happens to that person who proactively makes the leap into BTC on their own today? Let's have a look:

    The first thing that likely happens is they have to connect their banking account to an exchange. They forgo the powerful experience of the P2P (peer to peer) aspect of the currency. This alone is another huge opportunity lost. Their first experience comes through; (welp), a bank. Is this exciting? Is this revolutionary? You need to connect to a bank to get some of it. And now, instead of having someone onboard you with a bitcoin phone wallet, send you some bitcoin while you're enjoying a beer, while explaining the importance of private keys and passphrase -- you instead have the soulless experience of buying your coin from a bitcoin bank and parking it there. IF (and this is a big 'if' at this point) they manage to then download a phone wallet and take actual custody of their BTC the question is; what can they do with it?

    But let's back up for one second. Is there any real reason for this person to take custody of their BTC? I'd say there's no reason. None at all any more. After all the sole use case is now Hodl, right? But humor me for a second and let's say a BTC noob is somehow still excited about their BTC and the even think they can use it. Would this person give a friend some BTC if they were never introduced to bitcoin through a grassroots hands-on p2p way? It's very unlikely. In all likelihood they will simply say to a curious friend: "go on Coinbase and get some". So, you now have someone holding bitcoin, and unable to really teach anyone about it. It's a lost opportunity of potentially converting someone into a true btc advocate and teacher - and this is a big unmeasurable loss - a loss that btc is still bleeding out as we speak. But there's nothing to see here folks!

    JANE LOVES BITCOIN

    Now that you've humored me let's go a bit into fantasy land. Say this person (we'll call her Jane) somehow manages to retain excitement and passion about bitcoin and later wants to show friends and family how it works. She thinks it's important and is trying to do them a solid. Jane takes custody of her BTC with a phone wallet from the exchange (phew that was stressful) and then get a few friends and family members around a table one night to give a lesson in bitcoin intending to send them some. (In fact, one of Jane's friends has been really curious about bitcoin and more-so since hearing Jane talk about it so much).

    Jane has all her four friends download a btc phone wallet. Jane then sends them each some using QR codes... ok easy enough -- so far so good! The excitement is palpable. She then encourages each to do the same ( telling Bob to send some to Mary and so on...) to get the feel for it and ease of use. She's about to launch into an explanations of the value of exchange with no middleman/bank. But then FUCK something happens.... The transaction she just sent her friends is just sitting there un-spendable. She tells them they have to wait just a bit. So, they wait, and wait...and they wait.... An hour later the wise guy at the table starts cracking some jokes about the glitch. While the laughter and playful teasing among her friends builds, Jane notices that each transaction of $1 she sent to her friends cost her over $4 in fees EACH. So she sent $1 to 4 friends for a cost of over $17. The friends can't send to each other because their transactions aren't confirmed, and after 2 pots of coffee and dessert, they still haven't confirmed. In fact at this point our lovely BTC advocate Jane is happy they haven't confirmed yet because she doesn't know how to explain the fact that sending $4 just cost her over $17 dollars. LOL. What a fucking disaster this is! The whole thing is DOE - DEAD ON (the 1st) EXPERIENCE!

    SO WHAT DID JANE'S FRIENDS LEARN ABOUT BITCOIN?:

    No one learns anything other than BTC is ridiculously and primitively slow, and expensive, and doesn't work nearly as well as 100 other payment systems they have. Bob insists he rather transact using Iraqi dinars and that he could run home and pick a few up he has sitting in a drawer - it would be faster than this. LOL . The conversation then turns back to sports or family. The demonstration is a #FAIL - it is D.O.E. Hopefully this lovely well intentioned woman Jane doesn't become the butt of too many jokes for too long. And hopefully she doesn't give up on cryptocurrency completely. The next day one of Jane's friends from the now epic btc disaster demo hears CNBC talking about bitcoin and he turns to his partner and exclaims - "wow that bitcoin, it's really shit". He opens his phone app and sees the BTC that Jane sent him still there, unconfirmed. He laughs. He tells his wife... "yah i don't get it at all. It seems pretty useless to me. I wonder when I'll be able to spend this, if ever? lol " Yah, bitcoin's got jokes. He then briefly remembers reading about the 'greater fool theory' in economics class years ago and assumes this is what this whole bitcoin phenomenon and hype must be.

    The issue of the DOE:

    The "Dead On (1st ) Experience" illustrates the need and utter dependence for BTC to be propped up by the very institutions we were originally fighting against in order to survive: banks, fake-stream media, governments, (since no one else is really capable of doing so as illustrated by Jane's DOE dilemma). Without the help of the elite, BTC is dead-- it WILL die on the vine unless it is adopted and propped up and pumped by both corporate and state sponsored entities. It's certainly not going to get any help from Jane (or her friends). After all Jane tried and failed. It wasn't her fault. She didn't understand that you're not supposed to use bitcoin. You certainly should never demo it! LOL.

    I'm not saying this elitist push for btc will not happen. It could, if the powers that shouldn't be decide to get even more behind it. It appears they are dipping their toes atm.....they can prop it up like the do other financial instruments which are destined to fail (US dollar anyone?) maybe even long enough that a proper scaling solution emerges besides the epic fail which is lightning. But I do want to illustrate that the DOE dilemma leads to a complete and utter dependence on entities which should not be counted on to promote economic freedom and fungible money to the entire world. The fact is that economic freedom and these institutions and systems are in fact, diametrically opposed. So, how long will their support last? It will last only as long as THEY want it to last, and not a day longer. Caveat Emptor!

    A STRUGGLING MARKETCAP - A CLUE

    The fact that Bitcoin is a 165 billion market cap is not impressive considering it is 10 years old and available in all the earth. In fact, I'd say it's struggling. Once, the btc market cap was inclusive of an impressive collective of the highly motivated, the politically and economically sensitive and literate, intuitive types, and freedom-loving early adopters. But these people are gone now. Adios. Many of the savvy early supporters have trickled into BCH XMR , ETH and other projects. You could say that btc has in fact lost one of, if not its' most valuable assets.

    Only the charlatans remain behind with their megaphones touting the disfunctional btc; the commodity equivalent of what is essentially, snake oil. We can see this simply by examining the crypto twitter and the reddit subs. The brain share in BTC has been shrinking rapidly. Intelligence has left the room. Don't believe me? Just take a look at the main r/bitcoin sub. It's full people boarding on mental retardation. I'm being kind here. Most of us standing behind other projects are still focused on the same ideals we once associated in/for BTC but we are now spread more thin and in some ways vying against each other instead of working together. To be honest, it's problematic. But this is what the main BTC hodl proponents have done; it is a fracturing of a smart and zealous community into splinter groups while attracting a whole new breed of supporters to the BTC community - a fledgling gaggle of economic illiterates, state worshiping goons, and low IQ individuals who are highly susceptible to propaganda (and drooling on themselves). Aside from the community, the core developers range from a grown man who dies his hair blue, to guy who wants 300kb blocks, to a guy who honestly suggested that a pencil and paper ledger be used to keep tabs for their most promising scaling technology the LN (limp network). You can't make this shit up. And if any of you lemmings want to bring up that Roger Ver is a criminal (LOL) then remember that your boy Peter Todd is currently facing rape charges. (not saying i believe the allegations but) Ok....

    What long term effects and momentum the new splinter groups (former BTC-ers) will gather will likely be only a sum of their human parts and work rather than who has the best technology. But only a flexible, highly adaptive and responsive technology combined with strong grass roots community capable of real and effective demonstrations and on-boarding will have a chance at true mass adoption. BCH is looking good in this regard. As are others. I never believed this was a zero sum game. But now, when comparing the mindshare and technical advantages possessed by other projects, BTC is clearly a withering grape on a dying vine. You'd have to be blind not to see this. And the new btc community is a farcical gathering of NPCs who would be challenged to solve one side of a rubix cube. For you coretards, here's the translation: not good.

    Personal implications of the DOE

    I've always held both BTC and BCH. I watch the market and like making money. I've been in and out of BCH as a trade many times, usually to gain more BTC. I know , I know. I'm being honest. I figured if a flippening ever really happened I'd still be in excellent shape since I used BCH as more or less; a hedge, and have accumulated it at deeper price dips. But then I noticed something disturbing in my own conversations revolving around crypto; I was trying to avoid having them! You see, I had continued talking about bitcoin the past few years but I was being decidedly short in my explanations. I was starting to just tell people: "just buy some bitcoin....and keep it on the exchange ". Of course i sure the hell wasn't giving them any with the fees. Was I paying for my share of the check with BTC to get them on boarded? Hell no! They could figure it out on their own, or not. I didn't really care any more. The DOE took care of ANY possibility of me being their teacher. You see, without being able to demonstrate bitcoin, it's just not bitcoin.

    So I was willing to talk about 'bitcoin' because i wanted to lazily introduce them to crypto. But yah, it simply wasn't fun explaining all the nuances of bitcoin any more -- how you couldn't really spend it, why you don't really want to spend it, and why spending it could be very expensive depending on the traffic on the network that day. Nah, fuck that, I just can't be bothered explaining this anymore. And even if I did want to buck up the fees for a demo-- other aspects of the DOE would assuredly kill it, so why bother? I also didn't really want to explain that the real bitcoin was now called Bitcoin Cash. It was all too troublesome.

    Back at Square One?

    I don't think we are back at square one in terms of adoption--- and I do like what I see in both the BCH, XMR and ETH communities (and others). Perhaps this is the way it all turns out for the best.... we end up with a handful of earth wide permissionless FUNGIBLE currencies with robust privacy features - something this world needs now more than ever.

    BTC has become the statist's coin. It is a useless non-fungible cryptocurrency which is designed to rot inside your digital wallet and lead regulators and government goons to your doorstep if you decide to use it. It is trying really hard to become the friend of the pedophile politician, the grifting law enforcers, the wolves of wall street, and the ponzi banking system which enjoys the benefits of creating money out of thin air. Yes, this is their coin now. And they can have it. I have no interest in DOE demonstrations of this useless crippled shitcoin and almost feel ashamed for still owning any of it. I'm sure even my btc stewardship likely to vastly change even more as I see the sentiment and market move in other directions. I'm now anxious for the day that btc officially becomes the myspace of crypto and I'm fairly certain that this will happen.

    STEP UP YOUR CRYPTO EVANGELISM GAME

    I'm recommitting my crypto evangelism to strictly prohibit the mention of BTC to anyone, anywhere, any time unless it's to point out how useless and hopeless it really is. I will be the anti-btc guy from now on in my personal life and because of harsh realities demonstrated by the DOE - I am firmly committed to this. BCH IS BITCOIN. BTC IS USELESS SHITCOIN.

    The real opportunities now lie outside of btc. I'm sure there are many here who have been, like me, essentially sitting on the sidelines - voicing support for the BCH project, but little more. I'd encourage you all to fully drop btc from your crypto repertoire and evangelism and pick up where we left off with Bitcoin years ago but armed with BCH / XMR / ETH and others. Focus on one or two. For those of you like u/memorydealers who have been carrying the torch - great job and thank you. But I think more help is on the way. I see it in the sentiment and BCH converts and within a few years I'm fairly certain we can gain greater parody with BTC price, that is - if the dying DOE btc coin is even still around.

    BCH FTW

    submitted by /u/NachoKong
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    Open audio book version of, Book of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto

    Posted: 29 Jul 2019 09:07 PM PDT

    Gavin Andresen "I've started to suspect jdillon (person who paid for the small block propoganda) is a very sophisticated troll with the ulterior motive of destroying bitcoin"

    Posted: 29 Jul 2019 11:36 AM PDT

    fork.lol only updating price stats, block stats frozen at block 593,132 (BCH) 587,259 (BTC) which is almost 3 days.

    Posted: 29 Jul 2019 09:47 PM PDT

    r\Bitcoin Moderators Allow Discussion of Blockstream's Tether/Liquid Announcement

    Posted: 29 Jul 2019 05:24 PM PDT

    "If I can do OTC swaps of Bitcoin and Tether on Liquid, who is responsible for ensuring I'm not a US person?"

    Posted: 29 Jul 2019 07:10 PM PDT

    This Supermarket Accepts Bitcoin Cash!

    Posted: 29 Jul 2019 11:14 AM PDT

    Bitcoin Cash has more merchant acceptance than Bitcoin.

    Posted: 29 Jul 2019 12:11 PM PDT

    Bulgaria Holds More Bitcoin in Reserve than it Holds Gold

    Posted: 29 Jul 2019 10:48 PM PDT

    Why would legal services and products be available on the deep web?

    Posted: 29 Jul 2019 09:39 PM PDT

    Electron Cash ANDROID 4.0.9 is available. Includes Bip70 support and other features.

    Posted: 29 Jul 2019 08:53 PM PDT

    Development by Malcolm Smith

    This is a major new release for Android, available on https://electroncash.org

    Here's what's new:

    New wallet:

    Seed extension

    Restore BIP39 seed

    Use a master key (including scan QR)

    Wallets:

    Change password

    Transaction description

    Send:

    BIP70

    Addresses:

    Filter list

    Balance and transaction count

    Transaction history

    Address description

    Link to block explorer

    Contacts screen

    Settings:

    Max fee

    Use change addresses

    Spend only confirmed coins

    Address format (cashaddr / legacy)

    Base unit (BCH / mBCH / cash)

    submitted by /u/jonald_fyookball
    [link] [comments]

    Mozilla Firefox Could Soon Get a “Tor Mode” Add-on

    Posted: 29 Jul 2019 12:18 PM PDT

    Double spend proof just got real, a first implementation of proof-of-concept now exists as pull request to Flowee the Hub

    Posted: 29 Jul 2019 02:48 AM PDT

    In Bitcoin Cash the miners and nodes use a 'first seen' principle of receiving transactions, which means that accepting unconfirmed transactions (aka instant transactions) is generally speaking safe as any double spend will be rejected by the entire network.

    But when we actively try to attack a merchant, there still are cases where the double spend can be the one mined. And here is the important part, vendors never get notified of that person in their store trying to double spend.
    The problem then is that an attacker may try to double spend a merchant with no detection if he fails, until he succeeds...

    The solution we came up with is double-spend-proofs. A relatively small (constant size) message with actual proof that the spender signed two different transactions spending the money you were hoping to receive. An important part of this work was to make sure the original double spending transaction can not be reconstructed. So we don't make it easier for the double spend to propagate.

    Double spend proofs have been an idea for years, with lots of people talking about it and we had some initial specs and even a conference about this last year.

    So, the last weeks I sat down and actually did the design work and wrote the core code on how this is supposed to work as part of the Flowee central Hub. You can see the pull request here and the spec is in progress here. Though naturally the spec will only be made useful after a successful test of the implementation has finished.

    edit; direct link to spec; https://github.com/imaginaryusername/specs_n_stuff/blob/master/dsproof/dsproof.md

    Who benefits?

    The idea of a double spend proof is to inform people receiving funds. The design allows both full nodes and SPV wallets to receive this message and it can be cryptographically checked to make sure that the double spend proof is legit (people can't lie about someone else double spending funds).

    The main point is that we don't expect miners to change what they mine based on this message (Avalanche can do that), this is purely to inform people receiving money that the payer tried to cheat them. And provide actual proof that justice could use to prosecute this person.

    The point, therefor, is not to avoid the stealing, the point is to inform and protect the merchants. And thus lower the risk of accepting instant-transactions.

    ps. this will not work on BTC, as we improved the signing method in BCH.

    submitted by /u/ThomasZander
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    "Has anyone here paid at a retail location before with BitPay Checkout (or accepted a payment with it)? Curious to know your feedback - I work at BitPay and would love to know some stories"

    Posted: 29 Jul 2019 06:56 PM PDT

    Free.bitcoin.com

    Posted: 29 Jul 2019 06:17 PM PDT

    Just wondering if any has actually used free.bitcoin.com and got it to work. When I first tried to use it a while back, I kept getting error messages.

    It was the first time I ever actually used it.

    /u/MemoryDealers Roger may be able to answer my question?

    submitted by /u/ekcdd
    [link] [comments]

    Serious question: What stops BitFinex from printing 10 TRILLION tethers and pumping BTC up to $1.000.000 ? Are there any theoretical/practical limits to their printing machine?

    Posted: 29 Jul 2019 02:15 PM PDT

    Why not have BTC at $1kk tomorrow? What's the hold-up?

    submitted by /u/ShadowOfHarbringer
    [link] [comments]

    Just a reminder that local.bitcoin.com is awesome!

    Posted: 29 Jul 2019 12:40 PM PDT

    Fraud proofs are solved

    Posted: 29 Jul 2019 05:58 AM PDT

    Another place to spend Bitcoin Cash in Bangkok ���� (by @JajaaSB)

    Posted: 29 Jul 2019 10:27 AM PDT

    Adam Back's BLOCKSTREAM goes full Tether scam! Holy shit!

    Posted: 29 Jul 2019 10:00 AM PDT
    Read more
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