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    Home Unlabelled BTC A reminder of what Bitcoin thought leaders actually think of Bitcoin.

    BTC A reminder of what Bitcoin thought leaders actually think of Bitcoin.

    December 06, 2019

    BTC A reminder of what Bitcoin thought leaders actually think of Bitcoin.

    A reminder of what Bitcoin thought leaders actually think of Bitcoin.

    Posted: 05 Dec 2019 01:27 PM PST

    I will become the first Bitcoin Cash troubadour. Broadcasting my signal from IP to IP, echoing the glorious tales of cryptocurrency. Heroes and villains, I will make music about all of them.

    Posted: 05 Dec 2019 10:30 PM PST

    Obsession Over Bitcoin Cash

    Posted: 05 Dec 2019 07:34 PM PST

    I dreamt of Bitcoin Cash again today. It wasn't the first time. I had regularly dreamt about Bitcoin Cash probably because I was thinking so much about it. I am still undecided whether this is a good thing or a bad thing, because obsession over anything is usually an unhealthy thing.

    For such a long time, I was disappointed with how the world works and how people treat each other. I knew about North Korea and I wondered how a tiny group of evil people can repress millions of people. I was also constantly worried about inflation. What's the point of me saving my money when I'm being fucking robbed every single day by someone with an unlimited money printing machine?

    And then I read about the protests going on today in Hong Kong, Chile, Bolivia, Iran, etc and all the police brutality, murdering, raping, and torturing the protestors. There are no words sufficient to describe my sadness over what happened. I mean, who in their right mind would risk dying, tortured and suffering if they have a good life? The whole reason they are doing what they are doing, is because they couldn't take it anymore. The protestors are so upset to the point where they feel risking dying/arrested is more than the comforts of staying at home.

    Then one has to ask the important question. How is it that a small minority of bad people can control and repress an entire nation of citizens? Turns out, if you control the money printing machine, you can do anything. You can use it to distribute mass propaganda. You can use it to buy over companies so that they obey their masters. You can use it to pay for the military and police to follow your orders to murder the citizens. You can use it to pay politicians from other countries to look the other way. Like it or not, it is what it is.

    The next question one should ask then is, what can I do? I'm just one person, what can I do? Turns out, you can't do everything but you can do something. And because you can do something, that changes everything. When you remove the evil minority from the unlimited money printing machine, you put the power back into the people hands. And if the minority wants to do something without their unlimited money printing machine, they had to get the funds from the people. And as long as majority of the people are good, then only good things will be funded.

    I guess maybe that's why I am obsessed over Bitcoin Cash, as global peer to peer money, so no minority has the power to keep printing money for their own selfish benefits. I can't do everything, but I can do something. And so can you.

    submitted by /u/MobTwo
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    Thanks to BCH I'll have a better christmas than last year's

    Posted: 05 Dec 2019 09:55 AM PST

    I'm from Venezuela and in case that you didn't know we are having a really difficult time over here thanks to the inflation. The current ratio is USD 1 / 43000 VES and our monthly minimum wage is 300.000 so as you can see we have to do miracles in order to get basic goods. Every single day is a struggle. Anyway, long story short. My sister was able to escape this madness and found a home in Peru. She's working as community manager for some guy who offered to pay her in BCH so she's sending us $10 or $20 once a month to help us cover our needs. It might not be much but for people with scarce resources like us is a huge help. Now, what's the point of this post? Thanks to the low fees, we are still getting most of the money however, if she were using BTC instead, we would be losing so much money due to the high fees. Cryptocurrencies aren't just another way of holding wealth, they are also about making it more accesible to people.

    Edit: A fellow redditor mentioned that I should post a bch address here. Thank you! qqkayaae3pxgf83x8wa6rlzps9glkt6dzgg7ugu55k

    submitted by /u/ExiledEverywhere
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    Beware /u/FiatRebellion trying to bait you into a new BSV/BTC troll sub

    Posted: 05 Dec 2019 08:06 PM PST

    /bitcoincashBCH is run by /u/cryptacritic17 who is an old BSV shill

    /u/fFiatRebellion is whining about his blatant shilling of this obvious troll den being "censored"

    Seems another attempt to divide and disrupt the real BCH community is afoot by the usual suspects

    submitted by /u/ace_rimjob
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    Simple Ledger Postage Protocol Demonstration

    Posted: 06 Dec 2019 12:48 AM PST

    Bitcoin Cash provides a user experience that makes people happy rather than frustrated.

    Posted: 05 Dec 2019 02:13 PM PST

    Local.bitcoin.com just hit an all time high in terms of Bitcoin Cash deposited into the system!

    Posted: 05 Dec 2019 06:39 AM PST

    How would BCH respond to congestion?

    Posted: 05 Dec 2019 10:34 PM PST

    I've been pondering the fact that Nano (which promotes itself as "feeless") has no built-in mechanism for allocating tx bandwidth in the event of congestion.

    BCH has this in the form of miner fees, but it raises a question for me. Given the emphasis on zero-conf payments and the absence of any explicit replace-by-fee mechanism, what would actually happen in the event that the BCH chain became congested?

    Obviously we would try to increase the block size and add capacity before the congestion hit, but as Peter Rizen pointed out, there are physical constraints on bandwidth available for block propagation. Capacity can never be infinite, so a market of fees bidding for scarce block space is always a possibility, since miners will self-impose a maximum block size that they will try to mine, lest they increase their rate of orphaned blocks.

    So then, in the event of congestion, how are BCH miners expected to interact with the fee market, since there is no explicit replace-by-fee?

    submitted by /u/fatalglory
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    Tron and Poloniex Relationship Scrutinized After Digibyte Delisting

    Posted: 05 Dec 2019 06:14 PM PST

    CashScript version 0.2.3 is out!

    Posted: 05 Dec 2019 04:41 AM PST

    Bitcoin Cash Has to Be The "Payment Coin" For Oracles and Smart Contracts. We Have to Increase Compatibility.

    Posted: 05 Dec 2019 08:05 AM PST

    Bitcoin Fees: BCH $0.00 �� / BTC $1.13 ��

    Posted: 05 Dec 2019 08:26 AM PST

    New chart on trends.cash - active apps count

    Posted: 06 Dec 2019 01:56 AM PST

    Got my Block from r/bitcoin

    Posted: 05 Dec 2019 07:25 AM PST

    A Bitcoin Cash Story 3

    Posted: 05 Dec 2019 11:51 AM PST

    History Lesson: Failed MIT ChainAnchor scheme to KYC every BTC transaction (2016)

    Posted: 06 Dec 2019 01:05 AM PST

    I've been reading up on Peter Todd's archives, I found this gem:

    https://petertodd.org/2016/mit-chainanchor-bribing-miners-to-regulate-bitcoin

    TL;DR Bribe miners to only mine transactions which contain a backdoored cryptographic signature linking it to a real identity.

    It's amazing to think about how much money and resources are being poured into sabotaging cryptocurrency every day. The ChainAnchor scheme never worked out, but the concepts really aren't that far-out. I wonder how much money Epstein funneled into the project?

    submitted by /u/wtfCraigwtf
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    I'm noticing an increased tendency to tribalism and I'm not happy about it.

    Posted: 06 Dec 2019 12:39 AM PST

    Unfortunately I don't have the time these days for a more lengthly post about this topic. I want to share my concerns about the way I have been perceiving this subs community though this year. I am convinced that this behaviour has been partly been spread by a small group of user of this sub, and partly been triggered by users that follow other forks of Bitcoin.

    It doesn't matter though who is triggering this behaviour, it is important how the community acts on and handles it. I for my part have been feeling irrititated at first, but since it hasn't stopped but increased, I am starting to get annoyed by it.

    As I mentioned, no time to give this a longer explanation, I just want to share my impressions and make you aware of them.

    I noticed a change in the way social attacks in this sub are being performed this year. 2017 the attacks were based on technical discussions, the whitepaper or satoshis words being interpreted in absurd ways, and users being insulted as too dumb to understand the technical side of Bitcoin. That was the trigger for me to get into reddit actively. After having followed Bitcoin since 2011 I could correct a few things about what was spread here.

    In 2018 that attack vector ebbed down and was taken over by attempts to cause a drift between the dev groups various proposals and each improvement that was to be implemented, like the heated DAA or CTOR debates.

    With the split off of BSV a more social approach started to get a hold. We are back at discrediting single actors, like it was and is still being done in the /bitcoin sub. The amount of personal attacks against users has been getting out of hand in 2019.

    I also noticed some sort of campaign a few months back, directed against BitcoinABCs lead dev. Lots of criticial posts against Amaury in person. That has been dialed down lately and been replaced by a campaign against BU developers. Again, this criticism is not about technical achievements, but focused on personal discrediting the developers and trying to make the community mistrust the "true intentions" of those persons.

    The result is more tribalism, less technical discussions. If Amaury posts something in /bitcoin, he is bad. If Peter Rizun or Andrew Stone don't condemn BSV, they must be double agents for them.

    Some of you are being played, and I think you don't even notice it because you are so busy defending this sub against all this bullshit. The attacks against this community are getting psychological again because technical arguments don't work.

    I really have to go now, so I am just going to finish this thought with this warning:

    ​

    It turns out that there is now three forks of Bitcoin and they are all going to survive. One has small blocks, one has big blocks and one, after some struggle and by giving up on decentralization, managed to write even bigger blocks. And surprise, the guys who have been focused on making Bitcoin scale to gigablocks for years, are not condemning the fork that finally managed to write the biggest blocks ever seen on any fork of Bitcoin.

    Is the answer to that really to throw that dev team out? Because they don't hate BSV? Step in front of a mirror and listen to yourself. This is exactly the psychological trick that created the btc maximalists. You are being bombarded with FUD and social attacks until you become BCH maximalists as a result. You are being played and I want to inform you all that I am not going to become that kind of user that I left behind in /bitcoin after the fork.

    submitted by /u/grmpfpff
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    How to judge whether a currency is worth investing? Some people generally think that the higher the price is, the more worthwhile it is to invest. Is that right?

    Posted: 06 Dec 2019 12:28 AM PST

    Zokos releases an importer that will easily bring listings from Magento and Prestashop over to OpenBazaar for free

    Posted: 05 Dec 2019 07:41 AM PST

    Cryptocurrency Hedge Funds Closing Shop by the Dozens: North America, Europe Lead

    Posted: 05 Dec 2019 02:39 PM PST

    How to double spend bitcoin using electrum — No technical sorcery required! (Uses RBF)

    Posted: 05 Dec 2019 05:58 AM PST

    Top 3 Cryptocurrency Marketplaces

    Posted: 05 Dec 2019 10:54 PM PST

    We are Working to break down language barriers. BCH Education in Spanish!

    Posted: 05 Dec 2019 04:46 AM PST
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