• Breaking News

    Tuesday, May 5, 2020

    BTC BCHN Now 40% Faster at Mining than ABC

    BTC BCHN Now 40% Faster at Mining than ABC


    BCHN Now 40% Faster at Mining than ABC

    Posted: 04 May 2020 03:08 PM PDT

    US Treasury to Borrow $3,000,000,000,000 for April Through June, Beating Previous Record by 5X+

    Posted: 04 May 2020 04:41 PM PDT

    Purse has re-enabled new account registration =)

    Posted: 04 May 2020 06:52 PM PDT

    Bitcoin Cash is the future of money - Bitcoin BTC pronounced dead as physical store trade dies in April

    Posted: 05 May 2020 01:49 AM PDT

    Max Keiser misleads viewers AGAIN on why the Bitcoin Cash blockchain network is more superior than the Bitcoin Core network. Doesn't mention BCH to avoid viewers from looking up the truth.

    Posted: 04 May 2020 11:47 PM PDT

    We need at least some big fish to save the day: BCHD needs to succeed. 4 days remaining for Flipstarter Campaign!

    Posted: 04 May 2020 06:48 PM PDT

    The BCHD project has been such a nice initiative for a time now and they need appreciation from the community.

    https://bchd.flipstarter.cash/

    Their fundraising campaign is far from the big ones and, truth be told, we a less of a community if it fails.

    I'm small fish here and the initial pledge is a big amount for me. I still need it to come lower to be able to donate.

    Is it possible we don't have just some big fish here and there interested in maintaining the infrastructure for our peer-to-peer electronic cash? Satoshi be praised, we'll do that!

    submitted by /u/schedulle-cate
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    When you LOVE bitcoin SO much you protect people from using.

    Posted: 04 May 2020 06:04 AM PDT

    Satoshi email: he uses a simple analogy in how PoW works in relation to solving Byzantine Generals problem.

    Posted: 04 May 2020 04:21 PM PDT

    I found this by accident, one of Satoshis emails

    Satoshi uses a simple analogy in how PoW works in relation to solving Byzantine Generals problem in bitcoin i.e. Nakamoto Consensus.

    This helps to understanad what the generals problem is and how it was solved. great peice of history too; as fault tollerance in distributed ledger systems was a yet to be solved problem.

    https://nakamotostudies.org/emails/re-bitcoin-p2p-e-cash-paper-9/

    Satoshi Nakamoto Thu, 13 Nov 2008 19:34:25 -0800

    James A. Donald wrote:

    It is not sufficient that everyone knows X. We also need everyone to know that everyone knows X, and that everyone knows that everyone knows that everyone knows X which, as in the Byzantine Generals problem, is the classic hard problem of distributed data processing.

    The proof-of-work chain is a solution to the Byzantine Generals' Problem. I'll try to rephrase it in that context.

    A number of Byzantine Generals each have a computer and want to attack the King's wi-fi by brute forcing the password, which they've learned is a certain number of characters in length. Once they stimulate the network to generate a packet, they must crack the password within a limited time to break in and erase the logs, otherwise they will be discovered and get in trouble. They only have enough CPU power to crack it fast enough if a majority of them attack at the same time.

    They don't particularly care when the attack will be, just that they all agree. It has been decided that anyone who feels like it will announce a time, and whatever time is heard first will be the official attack time. The problem is that the network is not instantaneous, and if two generals announce different attack times at close to the same time, some may hear one first and others hear the other first.

    They use a proof-of-work chain to solve the problem. Once each general receives whatever attack time he hears first, he sets his computer to solve an extremely difficult proof-of-work problem that includes the attack time in its hash. The proof-of-work is so difficult, it's expected to take 10 minutes of them all working at once before one of them finds a solution. Once one of the generals finds a proof-of-work, he broadcasts it to the network, and everyone changes their current proof-of-work computation to include that proof-of-work in the hash they're working on. If anyone was working on a different attack time, they switch to this one, because its proof-of-work chain is now longer.

    After two hours, one attack time should be hashed by a chain of 12 proofs-of-work. Every general, just by verifying the difficulty of the proof-of-work chain, can estimate how much parallel CPU power per hour was expended on it and see that it must have required the majority of the computers to produce that much proof-of-work in the allotted time. They had to all have seen it because the proof-of-work is proof that they worked on it. If the CPU power exhibited by the proof-of-work chain is sufficient to crack the password, they can safely attack at the agreed time.

    The proof-of-work chain is how all the synchronisation, distributed database and global view problems you've asked about are solved.

    submitted by /u/Neophyte-
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    Would be nice to see someone offer a similar competing option on BCH.

    Posted: 04 May 2020 04:16 PM PDT

    "Dr" Craig Wright may lose the "Dr". He plagiarized several large sections of his PhD thesis and tried to hide it.

    Posted: 04 May 2020 07:41 AM PDT

    “ 100% on-chain peer-to-peer crowdfunding. Offered, negotiated, and executed on the Bitcoin Cash blockchain by 4 independent parties with no off-chain communication necessary between any of them. Trustless and permissionless.”

    Posted: 05 May 2020 03:06 AM PDT

    Banned in r/Bitcoin for sharing a video about BTC and the Bitcoin halving. Reasoning: guy in the video didn't tell viewers that price would surge to $250k+ and we would all get Lambo's.

    Posted: 05 May 2020 03:04 AM PDT

    Who else is excited about AnyHedge?

    Posted: 04 May 2020 09:41 AM PDT

    Joining the club of those banned by r/bitcoin for stating an objective fact

    Posted: 04 May 2020 10:48 AM PDT

    https://np.reddit.com/r/Bitcoin/comments/g7wmqp/i_lost_money_i_just_want_to_warn_everyone_to/fph163r/?context=3

    I don't use reddit a lot, but have been around for a long time, mostly watching. My great sin on r/bitcoin was simply pointing out in a thread that OP had made a careless mistake by sending Bitcoin Cash (BCH) to a BTC seg-wit address. OP had claimed that Bitcoin.com was a scam site because he lost his BCH when transferring it to a segwit address.

    Who the hell is that brain-dead tool u/MrRGnome anyway? What a complete douche. That insecure, petulant brat banned me instantly for pointing that out that simple fact, and censored my comment.

    Are there still people who don't believe r/bitcoin censors? That was not censoring for offensive content. My comments on that thread were not vulgar in any way. It was not even censoring for stating an opinion or for promoting BCH (I did not promote BCH at all).

    It was censorship for simply stating that a user who transfers BCH to a BTC seg-wit address has no one to blame but themselves. What a cesspool that sub-reddit is.

    To any newcomers to Bitcoin who want free and fair discussion of any Bitcoin related topics, you should steer clear of r/bitcoin. Doesn't mean you shouldn't read it sometimes, but if you do, take what you are reading with a grain of salt. Many useful comments and statements of fact have been censored due to political motivations of their lame moderators.

    submitted by /u/bennyprofane1955
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    TX fees on BTC need to increase by $27.66 to retain current security

    Posted: 04 May 2020 01:09 PM PDT

    SLP Marketcap as of 2020/05/04

    Posted: 04 May 2020 11:44 AM PDT

    The 2019/2020 Bitcoin Cash Infrastructure Funding Plan has not reached the required threshold and is not expected to activate before the May 15th deadline.

    Posted: 05 May 2020 12:54 AM PDT

    7 Days Left Until the Great Bitcoin Halving: Hashrate Jumps Over 140 Exahash, Miner's Hoard

    Posted: 04 May 2020 07:08 PM PDT

    Pantera Capital Founder Foresees Bitcoin (BTC) at Over $500,000 by August 2021

    Posted: 05 May 2020 03:08 AM PDT

    Does this new Bitcoin.com Visa card partner offer BCH service or only BTC, ETH, LTC as listed on their website?

    Posted: 04 May 2020 10:05 AM PDT

    If Blockstream is a for-profit company that is working on "improving Bitcoin", where is their profit coming from?

    Posted: 04 May 2020 10:54 AM PDT

    Just something to think about...

    submitted by /u/1MightBeAPenguin
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    Knuth Fully Funded!!! - Marc De Mesel

    Posted: 04 May 2020 04:03 AM PDT

    A whopping 217+ BCH donation by Marc de Mesel on top of his already 190+ BCH previous donation has taken these guys over the line!!

    A huge thank you to Marc for stepping up to the plate for Bitcoin Cash over the past couple of weeks!

    https://knuth.flipstarter.cash/

    submitted by /u/Davidson_2048
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    Where is the Cash Fusion documentation. The technical details?

    Posted: 04 May 2020 08:35 AM PDT

    Showerthought: Why doesn't Amazon.com accept Bitcoin Cash?

    Posted: 04 May 2020 04:31 PM PDT

    Me every morning looking at BTC price!

    Posted: 04 May 2020 04:36 AM PDT

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