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    Home Unlabelled BTC From the founder of the Austrian School of economics.

    BTC From the founder of the Austrian School of economics.

    April 18, 2020

    BTC From the founder of the Austrian School of economics.

    From the founder of the Austrian School of economics.

    Posted: 17 Apr 2020 05:30 PM PDT

    Bitcoin Cash adoption in Vilnius Lithuania is growing with 25+ Locations accepting!

    Posted: 17 Apr 2020 08:04 PM PDT

    BCH Unlimited 1.8.0 has just been released

    Posted: 18 Apr 2020 01:21 AM PDT

    Download the latest Bitcoin Cash compatible release of BCH Unlimited (1.8.0, April 17th, 2020) from:

     

    https://www.bitcoinunlimited.info/download

    https://github.com/BitcoinUnlimited/BitcoinUnlimited/releases/tag/BCHunlimited1.8.0.0

     

    This is a major release of BCH Unlimited compatible with the upcoming protocol upgrade of the Bitcoin Cash network. You could find May 15th, 2020 upgrade specifications here:

    This is list of the main changes that have been merged in this release:

    • Project rebrand to BCH Unlimited
    • Increase length of unconfirmed transaction to 500
    • Drastically improve performance of mempool management
    • OP_REVERSEBYTES implementation
    • SigChecks implementation
    • Failure recovery for Graphene
    • Graphene improve block construction reliability
    • Improve QA tests (both units and functional tests)
    • Reduce resource requirement for Parallel Validation
    • Fix datadir compatibility problem due to unspecified ABC parking/unparking chain concept
    • Clean up and update the seeders list
    • Various improvements to deadlock detectors
    • Misc improvements to IBD
    • Use ctor to improve fetching tx from disc (txindex=1)
    • Add a priority queue for urgent message processing
    • Documentation update and improvements
    • Improve ElectrsCash integration
    • Rewrite of the fee estimator

     

    Release notes:

    https://github.com/BitcoinUnlimited/BitcoinUnlimited/blob/dev/doc/release-notes/release-notes-1.8.0.md

     

    PS Ubuntu PPA repository is currently being updated to serve for 1.8.0.

    submitted by /u/s1ckpig
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    Vaultoro CEO: Unpopular opinion, but I'm tired of the hodl meme. The velocity of currency is important for adoption and infrastructure. Spend & earn bitcoin. If you can't earn it, then buy it back when spending. Without spendl, great projects like purse.io end up closing.

    Posted: 17 Apr 2020 10:13 AM PDT

    Flipstarter is a pretty darn cool new way of doing fundraising online.

    Posted: 17 Apr 2020 05:27 PM PDT

    Is the founder of Blockstream going senile in his old age?

    Posted: 17 Apr 2020 12:34 PM PDT

    Go crypto with Bitcoin Cash!

    Posted: 17 Apr 2020 06:12 PM PDT

    Bitcoin Cash Node Flipstarter Passes 10%

    Posted: 17 Apr 2020 08:13 PM PDT

    The Bitcoin Cash Node fundraiser has already exceeded 10% of the goal!

    Please contribute to the development of Bitcoin Cash (BCH) via these Flipstarters:

    Bitcoin Cash Node (BCHN): https://bchn.flipstarter.cash/

    Bitcoin ABC: https://abc.flipstarter.cash/

    Bitcoin Verde: https://verde.flipstarter.cash/

    BCHD: https://bchd.flipstarter.cash/

    Knuth: https://knuth.flipstarter.cash/

    submitted by /u/HenryCashlitt
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    Everyone is this community is stronger than an army of trolls. A free mind is is the strongest force out there. 1 man in tiananmen square stopped an army of tanks, dont ever forget that.

    Posted: 18 Apr 2020 12:08 AM PDT

    Introducing c4.cash: c4.cash allows you to purchase Steam gift cards easily and anonymously. No sign-up required. Simply enter an email address, purchase a card, and a Steam gift card code will be emailed to you!

    Posted: 17 Apr 2020 10:01 AM PDT

    This whole time I thought the whole censorship on r/Bitcoin was just a rumour/rarely happened, and now I've experienced it myself...

    Posted: 17 Apr 2020 06:06 AM PDT

    Where To Spend My Bitcoin? The list...

    Posted: 17 Apr 2020 06:21 PM PDT

    Purse.io was the first place I learned you could actually spend bitcoin for real things... and now it's gone!

    Now, over the past few months ive been bookmarking websites that accept bitcoin and today I found https://dundle.com/ and thought - how many websites are there out there like this that I don't know about?

    So I wanted make a thread inviting everyone to share links to websites that accept Bitcoin - this would be a great thread to share with friends who are new and ask "ok but where can I spend it?"

    Here's what I have so far

    1. https://dundle.com/
    2. https://www.acceptedhere.io/
    3. https://acceptbitcoin.cash/
    4. https://coincards.com/us/
    5. https://www.gyft.com/
    6. https://www.egifter.com/
    7. https://bitrefill.com

    How long can this list get? help me out!

    submitted by /u/checkraise86
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    ''Truth is I love BTC more than the most ardent maximalist. That’s why I hate what they’ve done to it.''

    Posted: 17 Apr 2020 11:36 AM PDT

    The Bitcoin ABC 2020-2022 Deliverables Timeline

    Posted: 17 Apr 2020 01:08 PM PDT

    Avalanche Cascade Test-Network Release

    Posted: 17 Apr 2020 10:25 AM PDT

    [Lesson 102] Most Blockstream/Core trolls are completely illogical - /u/BeardedCake

    Posted: 17 Apr 2020 11:06 AM PDT

    Today I'm debating regular troll /u/BeardedCake here who makes this statement:

    Are you really this naive to assume that majority of BCH hashrate does not come from Bitmain? If Btimain flips a switch, 90%+ of BCH hashrate disappears and similar is true for around 60-70% of BTC's hashrate. - /u/BeardedCake

    In a nutshell /u/BeardedCake claims the following:

    • 90% of Bitcoin Cash's hashrate comes from Bitmain

    • 60%-70% of Bitcoin's hashrate comes from Bitmain

    ...His own words. For the sake of the conversation I'm not even going to argue against his statement, instead just use it against him because he just cornered himself.

    After several attempts of his to put words in my mouth, I asked him to quote me, which he was unable to. Shocking I know. Mostly because he realized his logic and reading comprehension skills are stunted to a 3rd grade level.

    Instead he decides to rush and reach a unique conclusion of his own:

    OK good now we can agree that BCH is centralized shitcoin just like 99% of all other altcoins. Everything else does not matter. - /u/BeardedCake

    The illogical and conflicting views of troll BeardedCake should be glaringly obvious by now. Let me make it very easy for even the least technical person in this forum to understand:

    Q: How much hashrate does it take to centralize a coin?

    A: Hashrate over 50%

    And he just claimed Bitmain controls 90% of BCH's hashrate and 60%-70% of Bitcoin's hashrate both which are over 50%. Yet he claims only BCH is centralized, not Bitcoin despite in his own words saying Bitmain controls 60%-70% of Bitcoin's hashrate.

    By his own words and views he should have also mentioned that Bitcoin is a centralized shitcoin just like 99% of all other altcoins.

    Ladies and Gentlemen this is the average intelligence of trolls around here. They reach conclusions that conflict with their own views and statements.

    submitted by /u/500239
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    Is bitcoin really un-tethered? this paper looks at the btc / tether connection; it examines if tether is not back by dollars and is printed to pump prices mainly btc

    Posted: 17 Apr 2020 04:58 PM PDT

    here is the paper, its quite long but a good read. below ive added some quotes. If you read this paper it will likely just confirm want most who have been in this space for a while think about tether, its centralised with no accountability and is likely not backed 1:1 and is likely an instrument to pump prices.

    Is Bitcoin Really un-tethered?

    some snippets from the paper:

    flow of tether between exchanges, the main players:

    Figure 1 plots the aggregate flow of Tether among major market participants on the Tether blockchain from its conception in October 6, 2014 until March 31, 2018. The size of the nodes is proportional to the sum of coin inflow and outflow to each node, the thickness of the lines is proportional to the size of flows, and all flow movements are clockwise. Tether is authorized, moved to Bitfinex, and then slowly distributed to other Tether-based exchanges, mainly Poloniex and Bittrex. The graph shows that almost no Tether returns to the Tether issuer to be redeemed, and the major exchange where Tether can be exchanged for USD, Kraken, accounts for only a small proportion of transactions. Tether also flows out to other exchanges and entities and becomes more widespread over time as a medium of exchange.

    A similar analysis of the flow of coins on the much larger Bitcoin blockchain shows that the three main Tether exchanges for most of 2017 (Bitfinex, Poloniex, and Bittrex) also facilitate considerable cross-exchange Bitcoin flows among themselves.6 Additionally, we find that the cross-exchange Bitcoin flows on Bitcoin blockchain closely matches the Tether flows on Tether blockchain.

    a large player is likely responsiblle for a lot of this:

    we find that one large player is associated with more than half of the exchange of Tether for Bitcoin at Bitfinex, suggesting that the distribution of Tether into the market is from a large player and not many different investors bringing cash to Bitfinex to purchase Tether

    people who worked on the inside even admit tether isnt backed 1:1

    in response to legal motions, on April 30, 2019, Bitfinex's former General Counsel admitted that Tether does not have cash reserves equal to 100% of the outstanding Tethers. In a May 15, 2019 court hearing, a Bitfinex attorney also admitted that Tether did invest in instruments beyond cash, including Bitcoin, something clearly at odds with Tether's longstanding claims.

    submitted by /u/Neophyte-
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    Free thinkers support BCH:

    Posted: 17 Apr 2020 07:36 AM PDT

    We end by inviting people to simply use the tech for themselves. Readers should compare BTC, BCH, and all the other coins to make up their own minds. We embrace the competition. Plus, if our analysis is correct - and BCH is actually a superior coin for the marketplace - there is currently a great investment opportunity! If people regretted not buying Bitcoin back when it was a few hundred dollars, this could be another opportunity.

    submitted by /u/MemoryDealers
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    When searching Yelp, put the word "bitcoin" at the end of your search to bring up businesses that accept cryptocurrencies. Looking for a carpet cleaner and also looking to support cryptocurrencies!

    Posted: 17 Apr 2020 03:55 PM PDT

    In the price quote request, I was sure to mention the reason I found them was because of their acceptance of cryptocurrencies and that I was specifically looking to pay with "Bitcoin Cash".

    submitted by /u/mrcrypto2
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    FlipStarter Funding Transparency Report: Day 2: Results so far

    Posted: 17 Apr 2020 08:52 AM PDT

    It is Day 2 since the Flipstarter node funding campaigns has begun. Only 21 days remain. Once those 21 days are up, if the donations don't complete the fundraisers, then all donations are refunded and the recipients will receive nothing.

    Source:

    "An assurance contract [...] is a game theoretic mechanism and a financial technology that facilitates the voluntary creation of public goods and club goods in the face of collective action problems such as the free rider problem.

    In a binding way, members of a group pledge to contribute to action A if a total contribution level is reached [ ...]. If the threshold level is met (perhaps by a certain expiration date), the action is taken and the public good is provided; otherwise, the parties are not bound to carry through the action and any monetary contributions are refunded."

    The current results (as of Friday, April 17, 2020 at 3:36:07 pm) for the four node implementations are as follows:

    BCHN

    Fundraiser Goal: 978 BCH

    Money Raised: 83.61 BCH

    Percentage of Goal Met: 8.55%

    Minimum Pledge: 1.6 BCH

    Maximum Pledge: 36.31 BCH

    Number of Pledges: 10

    Avg Pledge: 8.361 BCH

    Source: https://bchn.flipstarter.cash/

    BCHD

    Fundraiser Goal: 360

    Money Raised: 5.49

    Percentage of Goal Met: 1.53%

    Minimum Pledge: 0.59 BCH

    Maximum Pledge: 2.29 BCH

    Number of Pledges: 5

    Avg Pledge: 1.098 BCH

    Source: https://bchd.flipstarter.cash/

    ABC

    Fundraiser Goal: 1000 BCH

    Money Raised: 12.4 BCH

    Percentage of Goal Met: 1.24%

    Minimum Pledge: 1.65 BCH

    Maximum Pledge: 6.29 BCH

    Number of Pledges: 3

    Avg Pledge: 4.133 BCH

    Source: https://abc.flipstarter.cash/

    Verde

    Fundraiser Goal: 241 BCH

    Money Raised: 3.25 BCH

    Percentage of Goal Met: 1.35%

    Minimum Pledge: 0.4 BCH

    Maximum Pledge: 1.52 BCH

    Number of Pledges: 5

    Avg Pledge: 0.65 BCH

    Source: https://verde.flipstarter.cash/

    Knuth

    Fundraiser Goal: 460 BCH

    Money Raised: 5.32 BCH

    Percentage of Goal Met: 1.16%

    Minimum Pledge: 0.76 BCH

    Maximum Pledge: 1.44 BCH

    Number of Pledges: 5

    Avg Pledge: 1.064 BCH

    Source: https://knuth.flipstarter.cash/

    All Five Combined (TLDR)

    Fundraiser Goal: 3039 BCH

    Money Raised: 110.07 BCH

    Percentage of Goal Met: 3.62%

    Minimum Pledge: 0.4 BCH

    Maximum Pledge: 36.31 BCH

    Number of Pledges: 33

    Avg Pledge: 3.335 BCH

    (Edited for accuracy.)

    submitted by /u/LoopNester
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    Wallet balances on Bitcoin's Lightning Network aren't private, new report says

    Posted: 17 Apr 2020 08:28 AM PDT

    ElectrumX REST API

    Posted: 17 Apr 2020 09:20 AM PDT

    I own an entire bitcoin now!

    Posted: 17 Apr 2020 04:00 AM PDT

    Just wanted to say I've joined the club!!!

    I now own an entire bitcoin 😍! And for less tha 250 usd that's a steal!

    Edit: to all the people saying I don't really own a bitcoin. Sorry guys, but the btc thing is really something different. Bitcoin is a plane - and the btc people have built a boat, I guess you can still call it a plane, but it doesn't fly so lets just call it what it is, a boat.

    submitted by /u/nitelight7
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