- Blockstream co-founder in 2015: "I am, in general, in favor of increasing the size blocks. I don't think 1 MB is optimal. A system with 10 transactions per day that is verifiable by a pocket calculator is not useful, as it would only serve a few large bank's settlements."
- Roger Ver: "We are working with partners so soon you will be able to earn interest on your BCH."
- Finally got my full Bitcoin! Might not seem much but for a retail worker, it's a lot :) So excited!
- Remember, Bitcoin Was Meant to be Spent!
- This is why BTC sees negative adoption. If the UX on the protocol sucks, it doesn't matter how great your wallet is. Use Bitcoin Cash instead for fast/affordable transactions.
- You can now help evade price controls on the Peer-to-Peer BCH Marketplace!
- Amaury comment on changing the DAA
- REMINDER: Bitcoin (btc) Then vs Now
- I have written another article on read.cash! (another one of those lockdown situation in India articles)
- A common response I see to justifying high transaction fees is: "If Bitcoin hits $100,000 then I don't care about paying a $500 fee!" That is a very selfish and short-sighted view.
- What to bring more privacy to Bitcoin Cash? Then join the Cash Fusion Telegram group! (open to all)
- Bitcoin Cash Development video meeting #3 - April 9th, 2020 now on YouTube. Discussion on QUIC, Avalanche, May network upgrade & testnet, BCH protocol specification, Fullstack.cash and reusable addresses
- Deinstalled Bitcoin.com wallet for now
- Bitcoin Cash + Open Bazaar = more economic freedom for the world!
- Bitcoin ABC invites you to offer us feedback line by line on our business plan
- Show Us Your Creativity and Win 0.5 BCH + 10,000 CET!
- Bitmain to Issue Price Adjustment Compensation Coupons for AntMiner S17+ and T17+
- Bitmain Antminer T17+ Bitcoin Miner Review - Bitcoin Cash mining profitability
- CulturaBCH: High fees and full blocks drive adoption away. #BitcoinCashRyver "Kyoto Sports" BCH Merchant seed Puerto Ordaz - Venezuela
- Thanks to local troll /u/diradder I did the math on real world double spending on the BCH chain. The results were shocking!
- Cryptocurrencies were built to be decentralized, devoid of government control or interference in any manner. Regulation in itself goes against the principles of the originators of cryptocurrencies.
- I don't hold any btc, and I'm proud of it.
- “ While some influencers are busy looking at BCH DAA oscillations with glee, what they fail to take into account is that BTC mining difficulty level is on track to jump by 24.41% in 5 days… Right before BTC mining profitability decreases by 50%. Enjoy ��”
- BTC maxis know BTC is not a store of value. That is why they have Tether.
| Posted: 14 Apr 2020 12:00 PM PDT
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| Roger Ver: "We are working with partners so soon you will be able to earn interest on your BCH." Posted: 14 Apr 2020 12:18 PM PDT
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| Finally got my full Bitcoin! Might not seem much but for a retail worker, it's a lot :) So excited! Posted: 14 Apr 2020 06:27 AM PDT
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| Remember, Bitcoin Was Meant to be Spent! Posted: 14 Apr 2020 05:26 PM PDT
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| Posted: 14 Apr 2020 10:05 PM PDT
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| You can now help evade price controls on the Peer-to-Peer BCH Marketplace! Posted: 14 Apr 2020 03:33 PM PDT
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| Amaury comment on changing the DAA Posted: 14 Apr 2020 11:07 AM PDT I thought it would be useful to share this comment from Amaury, It is his view on changing the DAA, replying to me on how to fix it. https://reddit.com/r/btc/comments/g0axm3/_/fnafkx8/?context=1 There are definitively DAA that would perform better on the issue of oscillations. There are no doubts about this. One obvious issue is how well they hold in the face of absurd timestamps. Right there, you lose most of the traditional low pass filter techniques. For instance, a solution that perform better in the face of oscillations is to use exponential decays instead of a moving average. But this solution start producing absurd results in the face of negative timestamps, which definitively happens. So making it viable require to add some mechanism to ensure timestamps are somewhat accurate. Because for all consensus rules, the blockchain itself is the clock, that means it needs to live in the pre/post consensus world - so we are already facing something way bigger than changing the DAA. In addition to that rule, you'd need a consensus rule to prevent negative times between block, but the block headers only have 32 bits to grind, which is very small for ASICs, so in practice, ASICs also grind the lowers bits of the timestamp, which means they will produce negative times once in a while. So, how many ASICs does this break? Does it break them at the hardware level or a firmware update can fix it? These questions are left unanswered, and to be frank, the fact I have to raise them is a red flag to begin with. Another source of concern is selfish mining. Some DAA allow a selfish miner to mine in such a way that gamma pretty much equals 1 (the worst possible case). Today gamma is very close to zero in practice. Do we want to change this? Once again, pre/post consensus can help bringing gamma down even in the face of a vulnerable DAA, but once again, we are talking about something much bigger. The exponential decay solution also has this problem. In addition, the problem statement is very poorly stated. What is the problem? Is it the DAA? Is it switch miners? Is it irregular block times? You might argue that these are the same problems because all of these are causes/consequences of each others, but this is VERY IMPORTANT to actually define the problem you want to solve. Let me go over some ideas as to why. For instance, if we insist that irregular block times are the problem, then we might want to explore the idea of using a real time difficulty adjustment, such as https://github.com/dgenr8/chain2/blob/master/specifications/rtt.pdf and use preconsensus to adjust differences due to local clock drift. This solution fixes irregular block time, but will not remove switch miners, in fact, it leverages switch miners to make block time more regular. Why not? But see how if you define the problem as being switch miners, then this is not a viable solution. This can work in combination with the current DAA. Great, so what if we define switch miners as the problem? Well in this case, we have options such as bounded mining: https://arxiv.org/abs/1907.00302 . This is a solution that incentivize steady miners, at the expense of switch miners. It would also reduce oscillations, but this time by removing switch miners rather than leveraging them to make block time more regular as in the first options. As you can see, your problem statement dramatically changes the class of solutions you can leverage and these classes are way larger than simply changing the DAA. It is therefore important to not only compare DAA to each others, but to actually define the problem that is being solved and compare a solution such as changing the DAA to the entire class of solutions, including alternatives to change the DAA. To use an analogy, imagine you are an engineer working on a sport car, and you want to increase its acceleration. You have various solutions:
All these solutions are well and good, but present different trade-offs. How do you decide which one you want? Well, if your problem is stated this way, your really cannot. Because your problem isn't acceleration, really, it is getting the best lap time possible. Now you have a metric to judge the different tradeoffs against. For instance, if you pick a solution that decrease fuel efficiency, then you will need to stop refueling more often, and/or will have to put more fuel in the car, making it heavier. You will also use budget for fuel that you could be spending on something else. All this can be measured and compared to pick the best solution. If you decide that you want more acceleration, you cannot. But once you've cross that gap to actually define your problem, you note that new classes of solution appears. For instance, you could decide to change the car in such a way that it now has better handling. You don't need to slow down as much in curves, and therefore don't need to accelerate as much after curves, reducing your acceleration problem without ever changing the acceleration of the car. An engineer who keep beating the "we need a bigger engine" drum without going through the process I described would quickly find him/herself out of a job. Because at the end of the day, the role of an engineer isn't to produce a bigger engine, but to solve problems. And the first step toward solving a problem is knowing what problem you are trying to solve. To loop this back to DAA discussion, this means you can safely dismiss any discussion that:
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| REMINDER: Bitcoin (btc) Then vs Now Posted: 14 Apr 2020 09:00 AM PDT
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| Posted: 15 Apr 2020 02:57 AM PDT
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| Posted: 14 Apr 2020 08:18 AM PDT It's very SELFISH and short-sighted to justify high transaction fees just because you think the coin might hit $100,000. The higher fees go, the more of the world is shut off from the ability to avail themselves of the freedom of money. So just because you can afford it, doesn't mean that the rest of the world can. Bitcoin is about helping the WORLD. To these people who justify high fees with a high price: Think a little outside yourself and stop being so selfish.
(This is a follow-up to the video I recently made predicting how high will BTC fees go next bull run: https://youtu.be/xcGxjb_PsiM ) [link] [comments]  | ||
| What to bring more privacy to Bitcoin Cash? Then join the Cash Fusion Telegram group! (open to all) Posted: 14 Apr 2020 11:35 AM PDT
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| Posted: 14 Apr 2020 03:01 PM PDT
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| Deinstalled Bitcoin.com wallet for now Posted: 14 Apr 2020 07:57 AM PDT Killed Bitcoin.com and Binance app on my iPhone. Reason: price notifications. I guess most folks like that feature or don't care but if i disable notification i don't see incoming transactions and i don't like stuff bothering me without permission. I'll probably use bitcoin.com again when it's fixed (great wallet otherwise). [link] [comments]  | ||
| Bitcoin Cash + Open Bazaar = more economic freedom for the world! Posted: 14 Apr 2020 07:41 AM PDT
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| Bitcoin ABC invites you to offer us feedback line by line on our business plan Posted: 14 Apr 2020 09:37 AM PDT | ||
| Show Us Your Creativity and Win 0.5 BCH + 10,000 CET! Posted: 15 Apr 2020 03:01 AM PDT
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| Bitmain to Issue Price Adjustment Compensation Coupons for AntMiner S17+ and T17+ Posted: 14 Apr 2020 03:57 PM PDT
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| Bitmain Antminer T17+ Bitcoin Miner Review - Bitcoin Cash mining profitability Posted: 14 Apr 2020 05:40 PM PDT
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| Posted: 14 Apr 2020 07:12 AM PDT
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| Posted: 14 Apr 2020 02:51 AM PDT Source of double spend data: https://doublespend.cash/stats.html Source of total transactions data: https://charts.bitcoin.com/bch/chart/total-transactions#5ma4 According to the source, since 2017 a total of 3135 double spend attempts succeeded from a total of 288M BCH transactions. But, according to the site, after waiting the recommended 5 second monitoring time and paying a standard fee (best practice for accepting unconfirmed transactions) only 1/954 successful double spends is still successful. So since 2017 a grand total of about 3 double spend attempts succeeded when the recipient required the standard fee and waited the recommended 5 seconds to inspect for a conflict. So the real world success rate of unconfirmed double spends using best practices is 0.0000010417%, roughly one success for every 100M transactions. Even if you blindly accept all unconfirmed transactions and don't check for fees, the real world ratio is still only 0.0011%, about one success for every 100,000 txns. Now I know this is not the last word on double spending, but I think it's helpful to know how much of a problem this is in the real world for merchants selling regularly priced physical goods in person. [link] [comments]  | ||
| Posted: 14 Apr 2020 11:15 AM PDT
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| I don't hold any btc, and I'm proud of it. Posted: 14 Apr 2020 10:21 AM PDT | ||
| Posted: 14 Apr 2020 02:41 AM PDT
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| BTC maxis know BTC is not a store of value. That is why they have Tether. Posted: 14 Apr 2020 11:50 AM PDT The purpose of a Stablecoin is to store value. The stablecoin market would never have emerged if BTC was an actual store of value. It's not. Its a gambling casino just like the Stock Market. [link] [comments]  |
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