• Breaking News

    Saturday, August 31, 2019

    BTC Peter R. Rizun: "This is an awesome proposal by awemany (the developer who found the "inflation bug" CVE-2018-17144) to bring near-instant "weak block" confirmations to Bitcoin Cash (BCH) _and_ improve block propagation!"

    BTC Peter R. Rizun: "This is an awesome proposal by awemany (the developer who found the "inflation bug" CVE-2018-17144) to bring near-instant "weak block" confirmations to Bitcoin Cash (BCH) _and_ improve block propagation!"


    Peter R. Rizun: "This is an awesome proposal by awemany (the developer who found the "inflation bug" CVE-2018-17144) to bring near-instant "weak block" confirmations to Bitcoin Cash (BCH) _and_ improve block propagation!"

    Posted: 30 Aug 2019 02:50 PM PDT

    It's not too late to book your travel to the Bitcoin Cash City Conference Sept 4th and 5th in Australia!

    Posted: 30 Aug 2019 07:47 PM PDT

    I am seeing really magnificent developments in Bitcoin Cash lately. These are the golden times, BUT there is a storm approaching...

    Posted: 30 Aug 2019 03:39 PM PDT

    Reddit is just another centralized platform, same as Twitter. We have to assume that sooner or later, when BCH grows stronger and surpasses BTC (inevitable), /r/btc will be attacked and co-opted by some means (also inevitable, unfortunately). Does not matter what kind of means, really.

    The facts are, Reddit is centralized and its CEO is just a person - and as every person, he has a weakness to be exploited. All of it can be easily co-opted and destroyed if we really start to threaten The Powers That Be.

    We now are living in the golden times, but the dark times are coming. I sincerely hope there is a contingency "rescue" plan just in case.

    Sorry for the pessimistic tone guys, but the dark forces are coming, we need to prepare. Better too early than sorry.

    submitted by /u/ShadowOfHarbringer
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    Support Needed: I am planning to start a small mining farm at my investment property in Australia

    Posted: 31 Aug 2019 12:30 AM PDT

    seeking advice on sourcing mining hardware in Australia and reducing power consumption. To start with I plan to mine BCH and some GPU mineable coins such as XZC.

    submitted by /u/Crypt05ingh
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    The Most Intolerant Wins: The Dictatorship of the Small Minority

    Posted: 30 Aug 2019 11:59 PM PDT

    Is it even conceptually possible to build a LN register that's noncustodial, lightweight, and which can hold funds elsewhere (as shown in this video) even offline?

    Posted: 30 Aug 2019 11:56 PM PDT

    https://youtu.be/u5qtqycDFtk

    key features:

    • noncustodial, no intermediary

    • receiving wallet can be offline (ie paper wallet)

    • register does not have keys or access to funds but always can know the wallet balance

    • no fullnode required

    seems to me that this video really highlights the architectural differences between the BTC and BCH approaches. when you consider what's happening in this video, I don't think it's possible to replicate anything remotely as powerful within Lightning.

    If I'm wrong in my assumptions I'd like to learn how. Note: I would have liked to ask this question in rbitcoin but I'm banned there.

    submitted by /u/jessquit
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    Purchasing of cryptocurrency on HandleKrypto have been disabled following a "notice of order to stop business" sent to us from The Financial Supervisory Authority of Norway. All Norwegian Safello agents are disabled from August 30 2019. We are waiting a response from the FSA.

    Posted: 30 Aug 2019 02:08 PM PDT

    Lightning Network: "Security issues have been found in various lightning projects which could cause loss of funds."

    Posted: 30 Aug 2019 04:39 AM PDT

    maybe btc dominance is temporarily a good thing. it gives society a false sense of security about the real disruption that is to come

    Posted: 30 Aug 2019 08:38 PM PDT

    Reddit internal data confirms: r/bitcoin removes significantly more posts than r/btc.

    Posted: 30 Aug 2019 08:34 AM PDT

    Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

    Posted: 30 Aug 2019 04:01 PM PDT

    Bitcoin Cash City Conference is going to be held in North Queensland Australia

    Posted: 30 Aug 2019 02:39 PM PDT

    Feature suggestion for BCH Register App

    Posted: 30 Aug 2019 12:33 PM PDT

    Trade War Attracts More Bitcoin Investors

    Posted: 30 Aug 2019 10:05 PM PDT

    BSV is the Crisis

    Posted: 30 Aug 2019 10:59 AM PDT

    No doubt I will get called a tin-foil hat and all kinds of names for posting this. That's fine.

    Others will say I should stop posting this kind of stuff and just focus on building. That's fine.

    If you feel that way, this post may not be for you. If you are curious, however, please keep reading.

    Yuri Bezmenov was a Soviet defector who came to the United States in the 1980s to explain to Americans how the communist oligarchs intended to destabilize American society (and others) by covert means. As he explains, this tactic entails encouraging your enemy to continue to move in the direction of his intended motion, but to an extreme degree, such that he loses balance and falls.

    Please watch this clip to see how a judo (柔道) tactic was implemented to defend Segwit from the block size increase.

    In the case of societies, this destabilization may be characterized by encouraging dissidents to act out, break the law, and go far beyond their intended level of objection with the government. This will inevitably lead to widespread unrest, riots and eventually to a crisis (civil war).

    In the case of Bitcoin, rather than try to keep our block size small (they can't), the destabilization is characterized by encouraging some eccentrics within the Bitcoin Cash community (can you guess who they are?) to push instead for an unnecessarily large block size, such that it would create discord and, eventually, a split. This is what BSV is: a bunch of useful idiots.

    "And finally, there are a small number of agents of a foreign enemy who are bought, subverted, recruited" (= Craig Wright)

    But the intention of this post is not to suggest conspiracy theories nor is it to avoid the work required to make Bitcoin Cash again (I have done that). Rather, its intention is to raise awareness that astroturfing and covert attacks on BCH are real; that we are are not going to get p2p cash for the world simply by being the best; and that a well-planned-out defense strategy is vital.

    Perhaps an astroturfing campaign to cause a judo throw of our own is in order. Perhaps we should have bots write all over the web that the Bitcoin block size at 1MB is too big! And then maybe we should find a way to encourage people to use Bitcoin Core on chain, to boost the fees ASAP, before liquid has a chance to take hold and let people rush to dump their BTC on exchanges without affecting fees.

    The bottom line is, peer-to-peer cash is up against the Banks and the Banks are winning. We need to recognize this and we need to develop a strategy. All ideas are welcome.

    submitted by /u/fribitz
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    Bitcoin ATM Operators Required License to Operate

    Posted: 30 Aug 2019 10:17 PM PDT

    Bitcoin ATM Operators Required License to Operate

    US State of Nevada Financial Institutions Division has recently issued a statement concerning the need for the protection of the general interest in view of the increasing adoption of blockchain technology and cryptocurrencies.

    The regulator's statement implies that even Bitcoin ATM operators are required to get their licenses before they can legally operate.

    According to the NFID,

    "Any entity that facilitates the transmission of or holds fiat or digital currency by way of brick-and-mortar,
    kiosk, mobile, internet or any other means, should contact the NFID to request a licensure determination."

    https://i.redd.it/j8mwzyudwpj31.png

    submitted by /u/cryptobasescanner
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    We made this video way back in July 2018 and it's time for an update. While we research for the next video, are there any recent developments about Bitcoin Cash you'd like to see covered?

    Posted: 30 Aug 2019 05:21 AM PDT

    Announcing Drop - Cryptophyl's native exchange token

    Posted: 30 Aug 2019 08:33 AM PDT

    Hey r/btc

    Jamahl from Cryptohpyl here - we're very excited to announce Crytophyl's own native exchange token called Drop. (Naturally built on SLP)

    As part of Cryptophyl's unique business model, we'll be listing and subsequently airdropping a new token every month.

    As a fellow Drop holder, you'll be able to participate in these airdrops and get a piece of the pie proportional to your Drop holdings simply by holding the token in your exchange account. It's the token that truly keeps on giving the longer you hold it.

    Drop is built on the Bitcoin Cash (BCH) blockchain using the Simple Ledger Protocol (SLP) and as such has the same security, decentralisation, speed and (cheap) fees as BCH.

    Issuance

    Drop's tokenomics are easy to understand. Having a small total supply of 1M, 30% (300,000) will be airdropped proportional to one's trading volume on Cryptophyl in the three weeks after the Drop announcement. After that, 60% of the DROP supply will be given out over the next 12 months on a monthly basis (around 50,000 per month). The remaining 10% will be used for bonus contests and marketing.

    Here are some key points:

    • You will receive a proportional amount of Drop based on your trading activity
    • Will will monitor your activity for three weeks, starting from now until the airdrop (30th Aug - 21st Sept)
    • On 21st September, Drop will be distributed to users
    • The DROP/BCH trading pair will go live for shortly beforehand on the exchange

    You can read more on our blog (https://blog.cryptophyl.com/blog/announcing-drop-cryptophyls-native-exchange-token/) or on our dedicated landing page (https://cryptophyl.com/airdrops/drop-1).

    Please comment if you have any questions or would like more info.

    Happy trading!

    submitted by /u/voltaire-jamahl
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    Bakkt Futures Opens For Deposits Sept 6th

    Posted: 30 Aug 2019 01:42 PM PDT

    Litecoin (Bitcoin Core's testnet) to be overtaken by Bitfinex's Tether

    Posted: 30 Aug 2019 12:17 PM PDT

    Bitmain s17 miners..are they reliable?

    Posted: 30 Aug 2019 06:36 PM PDT

    I was wondering who here is running the s17s by bitmain and how reliable have they been.. the old s7s were so much more reliable compared to the s9s which ive replaced hashing boards probably 2-3x a year due to chip failure and of course many fans..are the s17s reliable?

    Please responses from miners who actually own and run s17s only

    submitted by /u/itsickitspiss
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    How much has LN actually helped scale Bitcoin-Core? How many TX per day has LN made vs onchain of BTC?

    Posted: 30 Aug 2019 03:06 PM PDT

    Figured for shits and giggles I would ask the question and try to solve it. How many avg tx does LN do a day or in a week or in a year?

    From this website, I would assume "channels updated" would be a decent representation of how many tx are done a day on LN. But I do admit this can be higher than this because one channel could send multiple times(please point me to an accurate way of finding this if it exists).

    https://1ml.com/statistics - Updated Channels (24h) 25,390

    Assuming each channel does a tx back and forth to open + a real transfer/purchase? So maybe each channel does 3 tx a day * 25,390 = 76,170 tx per day

    https://fork.lol/tx/txs

    On Chain BTC average tx per block last 7 days is 2160.17 * 144 blocks per day = 311,040 tx per day

    That then gives us 76,170/311,040 = 24.48%

    If BTC-Core would have just raised block size by lets say 50%, to 1.5 MB(including segwit) all of those tx would still be on the core chain. In a world where people stream in 4K on Youtube on their PC/Laptop/Smartphone, send eachother multiple 5MB photos via text message, play xbox or Playstation in 4K, we are told that 1 MB per 10 minutes is too much...

    submitted by /u/DecentralizedNews_YT
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    Open source, client side Javascript double mixer eliminates single point of trust (uses two mixers in series)

    Posted: 30 Aug 2019 10:03 PM PDT

    BTC is code, code is speech and speech is protected under US law. So is BTC free speech? Very interesting perspective.

    Posted: 30 Aug 2019 11:17 AM PDT

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