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    Monday, March 2, 2020

    Home Unlabelled BTC History Lesson 04/2018 - Vitalik: "Samson: "I don't think block size limits impede usage. If you go to a restaurant and it's full, you wait" This I think is definitely a bad argument; I actually go to restaurants often and usually when I come to one and it's full, I go to a different restaurant."

    BTC History Lesson 04/2018 - Vitalik: "Samson: "I don't think block size limits impede usage. If you go to a restaurant and it's full, you wait" This I think is definitely a bad argument; I actually go to restaurants often and usually when I come to one and it's full, I go to a different restaurant."

    March 02, 2020

    BTC History Lesson 04/2018 - Vitalik: "Samson: "I don't think block size limits impede usage. If you go to a restaurant and it's full, you wait" This I think is definitely a bad argument; I actually go to restaurants often and usually when I come to one and it's full, I go to a different restaurant."

    History Lesson 04/2018 - Vitalik: "Samson: "I don't think block size limits impede usage. If you go to a restaurant and it's full, you wait" This I think is definitely a bad argument; I actually go to restaurants often and usually when I come to one and it's full, I go to a different restaurant."

    Posted: 01 Mar 2020 02:38 PM PST

    In support of the goal of allowing Bitcoin Cash to become the best money the world has ever seen, I support the Bitcoin Cash node project. - Jonald Fyookball

    Posted: 01 Mar 2020 06:01 PM PST

    Bitcoin Cash Global Adoption: A Green Wave ������

    Posted: 01 Mar 2020 01:54 PM PST

    Satochip SLP edition is here

    Posted: 02 Mar 2020 01:56 AM PST

    Why CashFusion: We tracked 133,000 Ethereum names and exposed their secrets

    Posted: 01 Mar 2020 03:59 PM PST

    Listen to the guy (@qxdc) who charges 75% "FIAT currency fee" for customers buying his digital products and accepts #BItcoinCash

    Posted: 01 Mar 2020 07:33 PM PST

    This is how toxic the disinformation has become: "Lightning Transactions are peer to peer. Onchain transactions aren't."

    Posted: 01 Mar 2020 08:34 AM PST

    New Bitcoin Cash Meetup group created for the BCH City, Slovenia!

    Posted: 01 Mar 2020 05:43 PM PST

    "after that the community reaches a basic agreement" -- Jiang Zhuoer

    Posted: 01 Mar 2020 08:50 AM PST

    I am reading Jiang Zhuoer's last message to the community.

    https://read.cash/@Jiang_Zhuoer_BTC.TOP_CEO/bch-miner-donation-plan-update-again-72ea9248

    He says "There are numerous objections now", and is only "inclined to start the donation plan after ... the community reaches a basic agreement".

    Well guess what, there is NO agreement. In fact, a dozen developers started a new node and are asking pools and exchanges to run it.

    I hope you are seeing all of this , Jiang Zhuoer. Please do not activate the IFP, as it will split the community. Thank you.

    submitted by /u/jonald_fyookball
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    Grandma's now accepting Bitcoin BCH - North Queensland merchant adoption moves into high gear

    Posted: 01 Mar 2020 03:13 AM PST

    Understanding the importance of 'soundness' is essential, when we want BCH to become actual money.

    Posted: 01 Mar 2020 10:11 PM PST

    Has anyone raised this hashrate issue about the IFP + Upcoming Halving?

    Posted: 01 Mar 2020 11:40 PM PST

    I see that the halving is coming and people had been talking about the IFP, but I am not sure if anyone has already mentioned the following problem.

    According to this article by Jiang, "Assume round numbers for illustration: BTC is 97% hash and BCH 3%. If BCH gives up 12.5% of its reward, that 3% goes to about 2.6%, and BTC would go to 97.4%." Source: https://medium.com/@jiangzhuoer/infrastructure-funding-plan-for-bitcoin-cash-131fdcd2412e

    If prior to the halving, the percentage is around 3%, then the halving will mean the Bitcoin Cash hash goes to 1.5%. Given that Bitcoin Cash has so much enemies, wouldn't 1.5% of hashrate from hostile BTC miners be a worry (to activate IFP)? It seems like almost any BTC pool can activate IFP in a hostile manner just to sabotage the BCH community.

    submitted by /u/MobTwo
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    Is there any algorithm beyond XThinner that will help get Bitcoin Cash to world-scale money?

    Posted: 01 Mar 2020 08:46 PM PST

    If XThinner can indeed compress blocksizes by 99%, then even utilizing 32MB blocks can reach 1.5B transactions per day. I call that good enough for the next 20 years. Is there any better algorithm out there?

    submitted by /u/whyison
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    Bitcoin.com Matches Donations To Fund CashFusion, Crypto on The Simpsons and More

    Posted: 01 Mar 2020 09:12 AM PST

    History Lesson 03/2018: Mike Hearn: Bitcoin Cash Is Repeating Bitcoin's Mistakes

    Posted: 01 Mar 2020 01:04 PM PST

    History Lesson 07/2018 - Bitcoin.org Owner: "Bitcoin is much bigger than Bitcoin Core."

    Posted: 01 Mar 2020 04:46 PM PST

    The best achievement of my life / "ARQUIDAMIA" TOKEN

    Posted: 02 Mar 2020 02:27 AM PST

    I wrote some code today to calculate how many halvings there will be before the final Satoshi is mined. Enjoy!

    Posted: 02 Mar 2020 02:25 AM PST

    n1 = 50
    n2 = 25
    btc = [n1,n2]
    while n2 > .00000002:
    n3 = n2/2
    btc.append(n3)
    n2 = n3
    h = (len(btc))
    print(h)

    submitted by /u/deusopus
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    Question about tezos

    Posted: 02 Mar 2020 02:18 AM PST

    I tried posting my questions to r/tezos but for some reason i am not allowed to post there yet.

    Maybe somebody here can help me with this.

    Is there a chance that the so calles baker can steal your tezos when you stake with him?

    Does anybody know a reputable baker? I heard of a few scams in that area. I am using Atomic wallet and i want to stake my tezos.

    submitted by /u/Ivaylo12
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    Earn Brave crypto currencies just by seeing ads on internet with Brave browser ( huge potential going to increase soon)

    Posted: 02 Mar 2020 02:03 AM PST

    I've always had internal problems with the bch vs. Btc

    Posted: 01 Mar 2020 05:45 PM PST

    I understand bch has lower transaction fees vs. Btc however the most I paid in fees for btc was like $1.30 and at the time I moved quite a bit of btc. I watched the video by coin telegraph that came out about 72 hours ago. Roger made decent points regarding btc being a store of value based on speculation. Bitcoin cash is a actually currency in a way. I did feel as though roger kept reinstating that bch is way better then btc and that it is the most accepted cryptocurrency by merchants. I cannot find this information on that. I do if I can find verification on that statement like that very much. Btc is said to be slower than bch, but btc definitely moves fast. The people here that hodl bch, what is your reasons are you an investo, do you use it? I'm interested in it.

    submitted by /u/caramelcryptobrand
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    Cash Fusion Donations

    Posted: 01 Mar 2020 04:23 AM PST

    First of, I am in no way affiliated or know anyone from the Cash Fusion project.

    ​

    However, I am delighted by the response to the donations this project has received thus far!

    Just under 60% of the way funded in less than a week I believe, this is incredible so hats off to the BCH community rallying round this.

    ​

    It reaffirms my belief that funding will always make its way to good projects and the community is more than happy to help!

    ​

    I am not someone who has a stack of Bitcoin from the early days and can simply donate however what I done this week was for my weekly buy of BCH I bought the same amount but donated it all to this project, not a lot but it makes me feel good and that I am contributing to something larger than myself.

    If the project is still open for funding next week I will be donating again.

    ​

    For anyone interested the link is below:

    https://www.bitcoin.com/cashfusion-fund/

    ​

    Privacy is so important and it makes me very excited for the future of BCH with the attention that they are giving to privacy focused projects.

    submitted by /u/Black_Libertarian
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    Bitcoin Price Will Always Be Too Expensive if You Don’t Believe in Its Revolution

    Posted: 02 Mar 2020 01:06 AM PST

    SODL. It's been swell, but the swelling's gone down.

    Posted: 01 Mar 2020 06:43 AM PST

    Those familiar with this username already know that I've been involved with Bitcoin since 2012. I purchased my first satoshi before $1k/BTC had ever been seen. I spent years creating developer solutions and electronic products designed to leverage Bitcoin's capability to facilitate frictionless Internet payments and that same time explaining Bitcoin to family, friends, internet buddies, fellow gamers, and anyone else that would listen.

    Over time, that capability for frictionless payment dried up. First lack of space in blocks rendered the primary consumer solution I'd been developing as totally useless. There is no point in developing a risk assessment system when the thing being assessed is too risky to justify instant commerce. I feared Bitcoin had met an untimely end at the hands of self-important developers and lazy entitled miners, but was relieved to know that the BTCFORK project was alive and ready to continue the Bitcoin experiment in the form of what would later be called Bitcoin Cash (BCH).

    When the fork hit, I was all in from day one. I traded out everything, forked my coins and recovered every satoshi of BCH I could muster. At one lofty point in my life, I had the rare claim to have actually possessed 21 BCH in the same wallet at the same time. I continued developing and introducing people to BCH. I explained to my family and friends the schism and the thought processes that lead me to use BCH instead of BTC. I spent countless hours justifying its existence to a general public that is uninterested in technical details or freedom from potential government seizures and simply want money that works.

    Unfortunately, no crypto has never seemed to hold this goal in high esteem. As time has marched onward and progress has continued to be stymied by drama between more self-important developers and lazy entitled miners, I have finally realized why the Bitcoin experiment failed, and how we got here.

    Bitcoin's design relies on one very important aspect: that miners behave as rational, long-term-invested economic actors. This would infer that over time, mining organizations will dedicate resources to developing in-house mining solutions and manage them with the same level of interest as a big box store manages their inventory. In short, it would make sense for miners to invest in their own closed-source development, based on the open-source reference client. This would create competition between compatible implementations maintained by groups that are self-invested in their interoperability and suitability for consumer use.

    This did not happen, of course. Miners took the lazy, short-term-interested approach of "just run the software, don't care how it works or how well" and left the actual work of looking out for and maintaining the security of the chain to the unpaid open-source developers. This was a recipe for failure years ago and is the same recipe BCH has chosen to follow today. The IFP is simply a physical manifestation of this problem: since devs are not miners, Amaury et. al. are now expecting pay for their work in keeping those miners afloat, and rightly so. But they never should have been doing it in the first place; that was the miners' responsibility the whole time. If you're in an emergent industry running emergent software, you kind of have a responsibility to maintain that software out of pocket. This applies double for high-security software such as financial software. Lazy miners that can't even invest in their own software infrastructure are not trustworthy enough to be relied upon for the security of my funds.

    Bitcoin has already failed; and with that clearly observable failure I have sold the remainder of my cryptocurrency, unsubscribed from this and other subreddits, removed various forum accounts, and ceased usage of any remaining services built to work with Bitcoin-style digital signatures. It's been a wild ride. I even made a nice chunk of money along the way. It was fun and fascinating and eye-opening and educational and profitable; but for me, it's over. The success of global peer-to-peer digital cash has already been thwarted, and that's all I ever came for.

    Greg Maxwell didn't do this. Amaury Sechet didn't do this. Jihan Wu didn't do this. Roger Ver didn't do this. Theymos didn't do this. All those miners, all those mining pools, all those people that have been actively profiting off the system by running freely provided software and giving back only blocks in return: they are at fault for this failure. It is too late to turn back; the IFP is effectively a cork in a crumbling dam, a half-assed solution to a double-donkey problem. The dream is over, at least for me, and so I'll be moving on now.

    The transition to crypto was troublesome and full of problems. I was on a 100% crypto budget for years and even found myself paying a premium for the "convenience". Funnily enough, the transition back to fiat was amazingly smooth and I actually made money on the way back. Sorry, guys - at the end of the day, fiat does what crypto doesn't.

    I see the writing on the wall - and now I add my final scrawl. Goodbye, everyone.

    submitted by /u/chernobyl169
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    If you want to support Maracaibo, Venezuela adoption you can donate InstaBitcoin.net on this link to the donation address below. It contains useful information and photos about our movement! Thanks ����✨

    Posted: 01 Mar 2020 01:31 PM PST
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