• Breaking News

    Saturday, February 22, 2020

    Home Unlabelled BTC Whatever happens in all this, Amaury should be respected and celebrated for keeping the Bitcoin Cash brand safe by leading the charge in the hashwar.

    BTC Whatever happens in all this, Amaury should be respected and celebrated for keeping the Bitcoin Cash brand safe by leading the charge in the hashwar.

    February 22, 2020

    BTC Whatever happens in all this, Amaury should be respected and celebrated for keeping the Bitcoin Cash brand safe by leading the charge in the hashwar.

    Whatever happens in all this, Amaury should be respected and celebrated for keeping the Bitcoin Cash brand safe by leading the charge in the hashwar.

    Posted: 21 Feb 2020 07:26 PM PST

    In Crisis, There Is Opportunity.

    Posted: 21 Feb 2020 04:47 PM PST

    I hope by writing this, it will be somewhat helpful to the Bitcoin Cash community. The IFP, for good or bad, for anyone observing closely, is telling us so many things. There is a saying in Chinese, "In crisis, there are opportunities."

    And indeed, during this IFP crisis, there are so many opportunities.

    I have always thought of Bitcoin Cash as the people's money and during this crisis, I was not disappointed. The people are willing to band together and resist when they feel Bitcoin Cash is moving in a different direction than what they expected. You don't have this in BTC because BTC is entirely centralized by Blockstream. This incident is a great opportunity to show the world that Bitcoin Cash is as decentralized as can be compared to other cryptocurrencies.

    Even better, the passion from the Bitcoin Cash community has been overwhelming. This is a great signal for a cryptocurrency, particularly because the value of a cryptocurrency is strongly driven by its community. I think there is saying in tech startup like, "It's better to have 100 loyal customers than 1000 ordinary customers."

    During crisis, there are opportunities and during this month, we can see some people stepping up and taking responsibilities to fix the crisis. That is super amazing. It means people care about Bitcoin Cash more than we think. What you want in times of crisis are leaders who would think, "Ok, although I didn't cause this problem, but I am taking responsibility to fix it anyway". These are the type of things that highly productive people do and it's great to have them in the Bitcoin Cash community.

    At the same time, there were some things that I should have said earlier, but I didn't. Before the situation even escalated to the IFP, I knew ABC needed funding and I suggested to Amaury that he doesn't need to pay me anything, I can voluntarily help find a VC for them to solve their financial situation. However, the VC would likely expect some things in return. Amaury told me that by doing that, ABC would be no different from Blockstream and he doesn't want to go down that route.

    I do not think Amaury is a bad person, just like I would like to think that Peter Rizun and Andrew Stone are decent folks as well. Jonald is also a great person. Actually, there are lots of good talented people in the Bitcoin Cash ecosystem, which was what attracted me to Bitcoin Cash in the first place. I think we need to recognize that we are playing in the same team and it is not productive for us to make false accusations against someone else in the heat of the moment. For an outsider, such false accusations won't just look bad on both parties, but it also looks bad on Bitcoin Cash in general.

    There are actually many positives one can take from the IFP incident if one care to look closely. They could see that the Chinese miners are willing to take drastic actions (not just empty words), if necessary, for the long term benefit of Bitcoin Cash. In hindsight, it is very easy for others to point fingers at them. Given that these Chinese miners with ABC's help made Bitcoin Cash happened (without them, we may not even be here today), them miners funded the infrastructure since 2017 (3 years now), invested millions into Bitcoin Cash, I would really prefer not to be so harsh on them.

    Unfortunately, the IFP incident reminds me of the BCH/BSV fork where people once on the same team started turning against each other aggressively. I really hope we can be more tolerant and remain united after the incident has passed. It is also obvious to me that there are paid trolls and saboteurs trying to divide us and encouraged us to fight internally against each other, let's not fall into their trap.

    In crisis, there are opportunities. Will you use this opportunity to learn something or step up? That is a question we all may think about.

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

    Crypto Whale Loses $30M in BCH, $15 Million in BTC to Hackers via SIM Swap

    Posted: 22 Feb 2020 01:17 AM PST

    Research shows Lightning Network vulnerable to split attacks and congestion attacks. Congestion attack can disrupt LN for only $4,000

    Posted: 21 Feb 2020 12:02 PM PST

    When does the Bitcoin.com wallet decide to become open-source wallet?

    Posted: 22 Feb 2020 01:29 AM PST

    InstaBitcoin is having conversations with a oil related company in Venezuela to start paying their workers in BCH — We need help

    Posted: 21 Feb 2020 07:38 AM PST

    Hello guys, here Oscar Salas from InstaBitcoin

    I am currently having conversations with an oil related company to pay their workers in BCH. For security measures we want to keep this low profile in terms of information until I reach agreement (me and the company).

    They plan to buy ~5k USD worth BCH per month in order to cover people's wages. This proposal will be given to their workers and see how they react. I'll also have a talk with their people to teach them how a Bitcoin Wallet works.

    InstaBitcoin current capacity might cover this but we want to make sure this is possible, that's why we asking for help, in this case through donations or a OTC miner or trader who can sell this coins to the company.

    Please contact me on Telegram @osalas93 If you can help us!

    submitted by /u/oscar_salas93
    [link] [comments]

    Crypto wallets with 3rd party integrations are not safe (IOTA lesson)

    Posted: 22 Feb 2020 01:46 AM PST

    I think crypto wallets used for payments do not need 3rd party integrations as they introduce great risks including the risk of your seed being stolen. Check out what happened to IOTA (https://www.google.com/amp/s/www.crypto-news-flash.com/iota-moonpay-integration-responsible-for-hack/amp/) and tell me that it cannot happen to bitcoin.com wallet or any similar wallet with lots of integrations.

    At least we should have the option of installing a pure wallet (Send/Receive) and a fancy one with fiat gateways, built in exchanges, spam...

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

    Q: Why do people continually try to fuck up Bitcoin?

    Posted: 21 Feb 2020 04:45 PM PST

    A: Short term reward in fiat.

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

    A Rothbardian Evaluation of the IFP

    Posted: 21 Feb 2020 06:57 PM PST

    Published my first ever article on read.cash. This one is an attempt to evaluate the Infrastructure Funding Plan (IFP) through the lens of Austrian economics and a Rothbardian view of private property. Hopefully it helps clarify some of the issues in the debate.

    If you're into Bitcoin because you're a libertarian, this one is for you.

    https://read.cash/@fatalglory/a-rothbardian-evaluation-of-the-ifp-7199e249

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

    Why I support lower prices despite the community seeming to hate it and how to fix it—an approach based on principles /s

    Posted: 21 Feb 2020 11:20 PM PST

    Disclaimer: This is NOT about prices but about security.

    Miners provide security to the network. For that and only for that they are paid. Just like government should enforce the rules to increase overall safety for all. Most of us will agree that lower security is worse than higher security.

    I personally don't need miners to fund development with my money - i can to this on my own if devs make proposals for the work they plan to do. What I as an investor need is transparency and accountability. If anything miners should pay for their own development teams.

    The IFP will lower security in two ways.

    • Firstly by decreasing security in absolute terms proportional to the height of the "tax" - currently 5%.
    • and secondly by increasing the likelihood for divestment (think about why off shore banks are so popular).

    Lower prices mean lower security. New investors won't like that the network (read: their money) can easily be attacked by other SHA256 miners.

    Conclusion: In the end lower prices will be better for everyone currently on the sidelines and it will help distribution. So if we move forward with the IFP we will lower security and hence lower prices. WIN-WIN.

    Obviously /s.

    submitted by /u/gr8ful4
    [link] [comments]

    Why I support the IFP despite the community seeming to hate it and how to fix it—an approach based on principles

    Posted: 21 Feb 2020 05:16 PM PST

    The development fund

    Posted: 21 Feb 2020 04:38 PM PST

    The development fund diverts funds that are supposed to go towards mining, to something else. The funds are not paid by the miners, but everyone holding some amount of Bitcoin Cash

    However these funds are distributed, it will form an organisazion where parasites will elbow themselves in, and the funds will enable them to steer the future direction of the money system.

    This is exactly what we want to avoid, and why bitcoin was started in the beginning, as an alternative to current money systems.

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

    Can the BCH community be united and achieve this at least?

    Posted: 21 Feb 2020 02:59 PM PST

    "For the people who say that the IFP is some "sudden decision by ABC," look at the date on the tweet below" - Ⓥin Ⓐrmani on Twitter

    Posted: 21 Feb 2020 03:04 PM PST

    $36999086.80 BTC and BCH are missing, the giant whale suspected to use Blockchain.info service

    Posted: 22 Feb 2020 01:44 AM PST

    I can't find any information on how BitcoinABC spent the significant amount of donations they received so far

    Posted: 21 Feb 2020 11:28 PM PST

    Anyone care to provide input from the pro-tax BitcoinABC team?

    Where did the money they got through the Bitcoin.com fundraiser went especially?

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

    First Bitcoin Cash Developer Meeting After IFP Proposal: Amaury Séchet Explains Position, Status

    Posted: 21 Feb 2020 07:00 AM PST

    A yearly lottery that divides funds between a winner and a list of projects will help solve the funding project.

    Posted: 21 Feb 2020 01:24 PM PST

    A yearly lottery, that divides funds between a winner and a list of projects will help solve the funding of projects. 20% will go to the winner, 80% will be divided among a list of projects. The community buys SLP tickets, a winner is selected at a certain block. The SLP tickets can then be used as votes on how 80% of the collected funds are divided among the projects.

    Funds for the projects. It is fun, there is a chance for a community member to win big. Generates traction on SLP tokens. Engages the community. Lets the users buying the tickets to decide what projects to fund.

    Sorry for re-posting this, I do think is a good idea.

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

    Bullish sign for Bitcoin Cash / Cash Shuffle / Cash Fusion

    Posted: 21 Feb 2020 07:22 AM PST

    Bitcoin,org recently removed all the filters for coin mixing and shuffling wallets due to fear of any legal ramifications. You can read the removal logic here: https://github.com/bitcoin-dot-org/bitcoin.org/issues/3276

    While this continues to be researched to improve fungibility, I don't think that it should specifically be filter criteria in the wallet selector. Although bitcoin.org is a global site, the application of how mixing and shuffling can/should be applied is becoming more of a legal gray area.

    Additionally here you can see where these shuffling areas were removed: https://github.com/bitcoin-dot-org/bitcoin.org/pull/3280/files

    To me this is a bullish sign for privacy focused coins and wallets which includes Bitcoin Cash which already has Cash Shuffle and hopefully soon, Cash Fusion. Shout out to the builders like Jonald Fyookball working on these features in BCH (probably others too that I'm unaware of!)

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

    Patience becomes the biggest test in a shock market, don't be taken away by market sentiment

    Posted: 22 Feb 2020 01:24 AM PST

    2nd Bitcoin Cash Development meeting video now available on TheFutureofBitcoin.Cash

    Posted: 21 Feb 2020 06:48 AM PST

    What are the top coins of the Darknet Market? - Roger Ver & Cedric Dahl

    Posted: 21 Feb 2020 08:20 AM PST

    Commit to the Bitcoin Cash StackExchange

    Posted: 21 Feb 2020 05:15 AM PST

    I have published an article in response to "Bitcoin: Emergent Consensus" by Vin Armani. This is a counter argument to the governance theory expressed by Armani which I think is partially to blame for the current IFP civil war:

    Posted: 21 Feb 2020 11:34 AM PST
    Read more
    at

    No comments:

    Post a Comment