BTC Mark Cuban: "Everyone that tries to support BTC tries to sound smarter than the next with increasingly more complicated justifications. That’s the exact wrong way for BTC to become mainstream. That is exactly what will scare people away from even trying it."

Mark Cuban: "Everyone that tries to support BTC tries to sound smarter than the next with increasingly more complicated justifications. That’s the exact wrong way for BTC to become mainstream. That is exactly what will scare people away from even trying it."
With no Bitcoin Core security fixes in sight or even under consideration, merchants are urged to switch to Bitcoin Cash - the cash version of Bitcoin.
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Mark Cuban: "Everyone that tries to support BTC tries to sound smarter than the next with increasingly more complicated justifications. That’s the exact wrong way for BTC to become mainstream. That is exactly what will scare people away from even trying it."

Posted: 28 Dec 2019 05:35 PM PST

submitted by /u/Egon_1
[link] [comments]

With no Bitcoin Core security fixes in sight or even under consideration, merchants are urged to switch to Bitcoin Cash - the cash version of Bitcoin.

Posted: 28 Dec 2019 09:35 PM PST

The only safe way for merchants to accept Bitcoin Core BTC is to make the customer wait for a confirmation before handing over the goods.

Surprisingly, this was not always the case. Back before Blockstream, merchants could safely hand over the goods the instant a Bitcoin transaction was received. Back then, the Bitcoin network operated on the first-seen principle. From the Bitcoin whitepaper, "...the earliest transaction is the one that counts, so we don't care about later attempts to double-spend". As the broadcast propagated over the Bitcoin network, it locked each node against accepting a double-spend and a merchant could safely hand over the goods knowing that the transaction will almost certainly be confirmed in the very next block.

The Bitcoin 0-conf is a stunning piece of genius, being an unacknowledged broadcast, no cryptocurrency (or fiat) messaging can exceed it for speed.

Thus the simplicity and incredible speed of Bitcoin 0-conf formed the basis for the most powerful electronic cash system the world had ever seen.

Then came Blockstream, then the change in vision to a settlement system, then came artificial congestion, then came RBF and segwit, then happily in August 2017, Bitcoin Cash forked to restore the original, elegant, genius properties of Bitcoin.

Today, Bitcoin Cash is the proven electronic cash system of choice for merchants wanting to field the ultimate payment experience and expand in this emerging market.

submitted by /u/where-is-satoshi
[link] [comments]

Mark Cuban: "The BTC bandwagon on twitter is IDENTICAL to the Yahoo Finance boards of the 2000s where stock partisans would try to convey how right they were about their favorite stock and how wrong everyone else was for any number of technical or other reasons."

Posted: 28 Dec 2019 05:51 PM PST