• Breaking News

    Saturday, February 29, 2020

    BTC Use Bitcoin Cash and prevent virus spreading!

    BTC Use Bitcoin Cash and prevent virus spreading!


    Use Bitcoin Cash and prevent virus spreading!

    Posted: 28 Feb 2020 12:06 PM PST

    Billionaire Paul Singer Seeks To Kick Out Twitter CEO Jack Dorsey

    Posted: 29 Feb 2020 12:20 AM PST

    Talking about Bitcoin Cash in an oil related company office. This time explaining their employees how to use BCH for their daily transactions ✨���� InstaBitcoin approaching more merchants and users everyday!

    Posted: 28 Feb 2020 01:31 PM PST

    Other merchant in Maracaibo, Venezuela allows you to charge phone or use computers, now paid with BCH ✨����

    Posted: 28 Feb 2020 01:43 PM PST

    I'm newto crypto need help.

    Posted: 29 Feb 2020 02:37 AM PST

    There are two bitcoins? And are they related? If not which one of them id better?

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

    Bad Actors v Miners IFP Opens An Attack

    Posted: 28 Feb 2020 04:41 PM PST

    At what point has ABC been given reasonable time to cancel the IFP?

    Posted: 28 Feb 2020 10:05 AM PST

    By the time this post is a day old, it will be 2 weeks since the initial ABC release which introduced the IFP. Clearly the IFP is controversial/unpopular.

    I didn't want to jump down ABC's throat in the first few days because it is reasonable to give them time to gather community feedback. But how long does gathering community feedback take? There is not a lot of time before pools and exchanges upgrade.

    If ABC does not recant the IFP very soon, then the only alternative is to start a counter movement, beginning with pushing for the ecosystem to adopt Bitcoin Cash node and stop running ABC.

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

    High privacy is coming to BCH. Please donate to to speed up the process of CashFusion audit.

    Posted: 28 Feb 2020 08:33 AM PST

    Plan to ban cash purchases over $10,000 set to become law in Australia

    Posted: 28 Feb 2020 02:36 PM PST

    Patricia Launches Africa’s First Bitcoin ATM Card in Nigeria

    Posted: 29 Feb 2020 02:03 AM PST

    poolin voting for IFP

    Posted: 28 Feb 2020 12:26 PM PST

    Countering misinformation with data -- how the automated rolling checkpoints could create a natural chainsplit if the IFP soft-fork is activated

    Posted: 28 Feb 2020 09:59 AM PST

    The risk of a chainsplit due to the IFP ("miner tax") combined with the automated rolling checkpoints is highly significant even in the absence of intentionally malicious behavior.

    This fact is met with incredulity and scorn even among popular developers.

    This was also prompted by the false assertion that BCN would follow the 'longest chain':

    For exchanges and users, this client will follow the longest chain whether it includes IFP soft forks or not.

    This is dangerously misleading.

    Rather than give another high-level argument, I decided to run the numbers on the actual risk. To that end, I wrote a simple simulation. It makes some simplifying assumptions, but is generally conservative in that it probably underestimates the actual risk.

    Here are some assumptions:

    • The tax soft-fork gets locked in on ABC due to signalling at 2/3 hashrate
    • The ABC nodes reject any non-tax blocks
    • The BCN nodes do not reject them
    • The BCN miners do not pay the tax at least initially

    What do you think the probability is that a chainsplit will happen within one day if ABC miners have 2/3 hashrate and BCN miners have 1/3? If you guessed greater than 90%, then congratulations, you're right. (It's > 99% within 2 days.)

    In fact, the average time it takes for a chainsplit to happen with those parameters is about 10 hours, with an average of fewer than 10 blocks getting orphaned total.

    Even with ABC miners commanding 3/4 hashrate and BCN only 1/4 hashrate, the average time to a chainsplit is just over a day.

    Here are the raw numbers for the average time and orphans until a chainsplit happens:

    BCN Hash Hours Orphans 0.4 5.8 3.96 0.39 6.16 4.46 0.38 6.6 5.06 0.37 7.1 5.77 0.36 7.64 6.41 0.35 8.33 7.49 0.34 9.03 8.45 0.33 10.18 10.0 0.32 11.05 11.17 0.31 12.37 13.0 0.3 13.89 15.15 0.29 16.24 18.04 0.28 18.33 20.86 0.27 20.98 24.11 0.26 24.88 28.77 0.25 29.66 34.58 0.24 37.33 43.72 0.23 46.81 54.67 0.22 60.5 69.43 0.21 74.54 84.24 0.2 98.13 107.52 0.19 146.08 155.97 0.18 199.75 205.13 0.17 272.91 268.44 0.16 423.32 396.75 0.15 759.05 669.78 0.14 1134.56 946.42 

    Yesterday I posed my own question to /u/NilacTheGrim:

    Parameters: ABC has 2/3 hashrate, BCN has 1/3.

    How long do you think it takes before BCN locks in a chainsplit with p >= 0.25?

    The answer is around five hours, rather than his answer of "173 days".

    As is apparent from the data, one way to mitigate this risk is to make the signalling threshold for the tax much higher. Even with BCN miners having only 15% of hashrate, the probability of a natural chainsplit within two days is around 10%.

    After ~90-95% hashrate signalling, the risk of a chainsplit is negligible in normal conditions.

    So if you take only one thing away from this, it's that the 2/3 hash signalling is FAR TOO LOW to prevent a natural chainsplit, due to the automated rolling checkpoints and "unparking" PoW penalty in ABC and BCN.

    Alternatively, if BCN removed the automated checkpoints and unparking PoW penalty, the risk would also be minimal in normal conditions.

    Again, this analysis is in the absence of an intentional attack. The risk only increases with the presence of any malicious actors.

    (Thanks to these fine comments and posts.)

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

    v1.12 of Crescent Cash will feature token creation!

    Posted: 28 Feb 2020 10:57 AM PST

    Does anyone know or track where newly-mined coins go?

    Posted: 28 Feb 2020 05:55 PM PST

    I was just thinking about the upcoming halvenings of both bch and btc. I think that if you want to predict what the effect of that will be, a highly relevant question is, what currently happens to most newly mined coins?

    Are they being sold otc to hedge funds? Dumped on the market? Hoarded? Does it matter less than I think it does? What do you think?

    submitted by /u/Sugarbird676
    [link] [comments]

    On DAA implementation, algorithms and specifications

    Posted: 28 Feb 2020 11:52 AM PST

    Anyone interested in utilizing IPFS, Bitcoin Cash, and Memo protocol to produce an Instagram alternative as a DAO that benefits many stakeholders?

    Posted: 28 Feb 2020 08:45 PM PST

    Anyone interested in utilizing IPFS, Bitcoin Cash, and Memo protocol to produce an Instagram alternative as a DAO that benefits many stakeholders?

    Pinata is an interesting method of interfacing with IPFS.

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

    Crypto FinTechs are offering strong cash-back rewards for everyday payments so that non-crypto consumers use the product and learn more about crypto.

    Posted: 28 Feb 2020 11:11 AM PST

    'A Drop-in Replacement for ABC' - BCH Devs Release Bitcoin Cash Node Software

    Posted: 28 Feb 2020 08:48 AM PST

    Taylor Monahan: "Hey, what happened to the "Bitcoin [Core] as a safe haven asset" narrative?

    Posted: 28 Feb 2020 03:21 PM PST

    Reddit for iOS: Version 2020.6.0 Now Available!

    Posted: 29 Feb 2020 02:28 AM PST

    BTCPay didn't want to support Bitcoin Cash, We've got BitcartCC

    Posted: 28 Feb 2020 04:05 AM PST

    The r/Bitcoin Moderator Baseline Test

    Posted: 28 Feb 2020 07:25 AM PST

    Record Breaking Interest - Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

    Posted: 28 Feb 2020 04:22 PM PST

    I need to get a chunk of fiat into stablecoins for the medium term. Can't be bothered with the crypto rollercoaster I need stability. Which stablecoins are best to look at?

    Posted: 28 Feb 2020 11:39 AM PST

    No comments:

    Post a Comment