• Breaking News

    Sunday, August 9, 2020

    Home Unlabelled BTC Mainnet 750 BCH (~$225k) flipstarter campaign has been funded.

    BTC Mainnet 750 BCH (~$225k) flipstarter campaign has been funded.

    August 09, 2020

    BTC Mainnet 750 BCH (~$225k) flipstarter campaign has been funded.

    Mainnet 750 BCH (~$225k) flipstarter campaign has been funded.

    Posted: 09 Aug 2020 12:46 AM PDT

    Thank you to all of the donors of Mainnet project! Funded! ��

    Posted: 09 Aug 2020 02:28 AM PDT

    Awesome! I would like to thank everyone who participated!

    Thank you, everyone!

    It will take a bit of time to start setting everything up and I'll update everyone on r/btc on when and where the development would start. It'll take a few days to setup everything.

    This is an amazing proof that voluntary donations work!

    One additional thank you goes to Marc de Mesel, it was his idea to run this as a Flipstarter.

    Marc has also donated additional 108 BCH (on top of 750 BCH collected) for promotion of this project via a private donation. Why private? Well, the funds collected (750 BCH) will be spent publicly, so I'll have to specify who got what and for what exactly, but promotion will be done with a help of PR company, which asked for their activities and prices not to be public. If I spent 100+ BCH of publicly collected money for "various promotional activities" that would really seem like I took the money and would reek of corruption, that's why I asked for this part to be donated privately.

    Thank you to

    % Name BCH Comment
    27% developer.bitcoin.com 200.15 BCH https://developer.bitcoin.com/
    13% NO DRIFT CORRECTION!!! 100.07 BCH https://read.cash/@jtoomim/bch-upgrade-proposal-use-asert-as-the-new-daa-1d875696
    8% darkbluebrilliance 62.59 BCH No to the IFP v4. No to the arrogant Amaury dictator as a single point of failure. Yes to honest cooperation.
    7% majamalu 55.31 BCH If Satoshi was right, BMP is the long term solution.
    7% Grapefruit Trading 50.29 BCH Sell BCH for $$$ with Grapefruit
    7% Pablo 50.01 BCH nunca pierdas la esperanza, sigue construyendo
    5% molecular 37.85 BCH fuckin' awesome!
    4% toorik 30.34 BCH this pledge is not an invitation for debate.
    4% majamalu 29.97 BCH developers developers developers developers developers developers developers developers!!
    4% Sea urchin 27.82 BCH blop blop
    3% zveda 20.46 BCH
    2% Henry Cashlitt 11.36 BCH if (simpleDeveloperTools == awesome) { increaseDonation(); }
    1% Blockchain.Poker 10.05 BCH Blockchain.Poker
    1% for anyone but Amaury 10.00 BCH Quand l'ennemi fait un faux mouvement, il faut se garder de l'interrompre
    1% Georg Engelmann 8.82 BCH https://memo.cash/profile/162e55WqRj61cEURfKUsZh63ZWRMVc48cH
    1% anon_not_anon 5.13 BCH a crucial project at a crucial moment for bch
    1% Graysoda 5.01 BCH
    0% Shadow Of Harbringer 3.13 BCH This is leet
    0% emergent_reasons 2.12 BCH Feeling inspired for a second pledge by readcash's passion, focus and understanding of what is needed. 2{+,*}2=4.
    0% gm 2.02 BCH NO DRIFT CORRECTION!!!
    0% emergent_reasons 2.02 BCH This is deeply needed and I trust readcash team to work with the ecosystem to make it happen.
    0% Anonymous 2.00 BCH
    0% zmach1n3 1.99 BCH I love BCH and want to make it easy to work with
    0% shammah 1.52 BCH this is way better than stamp
    0% FreeTrade (member.cash) 1.30 BCH Libraries like this are really helpful in building Bitcoin Cash apps.
    0% imaginary_username 1.21 BCH
    0% Anonymous Duck 1.02 BCH
    0% chainxor 1.02 BCH For a free and bright future!
    0% BCH fan 1.01 BCH No IFP! >:(
    0% BCH fan 1.01 BCH Sending what I can. Hope there's a bull run. :)
    0% stk 1.00 BCH make Bitcoin Cash again
    0% satoshiscrazyuncle 1.00 BCH
    0% Anonymous 1.00 BCH
    0% seventh.sense 0.99 BCH
    0% Matt M 0.99 BCH
    0% seventh.sense 0.81 BCH
    0% Anonymous magpie 0.79 BCH chirp chirp chirp
    0% seventh.sense 0.70 BCH
    0% Lopokoko 0.63 BCH P2P Electronic Cash for the world!
    0% ChaosElephant 0.57 BCH Protocol devs should be subservient to the common goal of Bitcoin Cash: finishing the roadmap together.
    0% ulfl 0.51 BCH
    0% JT Freeman 0.50 BCH Keep up the good work!
    0% SOFIACBCH 0.48 BCH Por un mejor BitcoinCash para TODOS
    0% havequick 0.45 BCH
    0% Lopokoko 0.44 BCH Last Day!
    0% Anonymous 0.41 BCH
    0% Rawlsdeep 0.40 BCH
    0% voluntary funding! 0.32 BCH let's do this!
    0% Anonymous 0.23 BCH
    0% jonathan#100 0.23 BCH Lets get this flipped before time runs out, k?
    0% steeevemadden 0.20 BCH
    0% spice_trader#44148 0.20 BCH helping the ecosystem build on bch easier-no brainer.
    0% doramas 0.20 BCH Chapeau sir.
    0% Bitcoin Out Loud 0.16 BCH Dev tools for worldwide, p2p electronic cash!
    0% Anonymous 0.10 BCH
    0% Anonymous 0.10 BCH

    You are all amazing!

    submitted by /u/readcash
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    I promised to donate 2 BCH to the BCHN team for every 1% they gain in market share. Currently, approximately 75% of BCH hashrate is powered by BCHN, so here's my donation.

    Posted: 08 Aug 2020 01:22 PM PDT

    Yesterday, I posted the Joint Statement from BCH Miners regarding Bitcoin ABC and the November 2020 BCH Upgrade. In that thread, many people were curious why most of the miners were not signaling for BCHN. Many people speculated the reasoning, and there were many good answers. However, I could not make any statements regarding that for the following reasons:

    1. Different members have different reasons for not signaling BCHN.
    2. We did not agree on a unifying statement regarding signaling before the thread was posted.
    3. Making unilateral statements regarding private information is a good way of breaching trust.

    I can say, however, that members of our group have estimated that the current BCH hashrate powered by BCHN is about 75%. We understand that the community demands cryptographic proof for signaling, and without going into specifics, we will work on producing a unifying signal.

    submitted by /u/ugtarmas
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    Thanks to the larger donations that have come in, the minimum pledge for the mainnet.cash flipstarter campaign is now ~0.1BCH with ~12 hours left to raise the last 56 BCH of their 750 BCH goal ����������

    Posted: 08 Aug 2020 11:08 PM PDT

    Mainnet.cash funding now has only 15 hours to run. We can make it guys, we're almost there ������

    Posted: 08 Aug 2020 05:01 PM PDT

    Freindly reminder to try out the trust game. If it doesn't blow your mind I'll send you 0.01 BCH

    Posted: 09 Aug 2020 12:56 AM PDT

    Bitcoin Cash is making history right now with decentralized development

    Posted: 08 Aug 2020 01:59 PM PDT

    mainnet.cash got Funded with out 8%

    Posted: 09 Aug 2020 02:01 AM PDT

    That's how decentralized P2P digital cash that's censorship resistant, cheap, fast, and reliable network works.
    https://flipstarter.mainnet.cash/

    submitted by /u/ralaks
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    Is it just me, or is Bitcoin Cash exciting all over again?

    Posted: 08 Aug 2020 11:49 AM PDT

    Post a job offer on Venezuela Workers, hire venezuelans freelancers for small or big jobs! Powered with BCH and 0-conf transactions ;)

    Posted: 08 Aug 2020 02:41 PM PDT

    There's a lot of freelancers looking for jobs right now, don't be afraid to try it and start giving oportunities to people in need:

    https://venezuelaworkers.com/

    ​

    If you have suggestions or find bugs, feel free to leave a message!

    submitted by /u/oscar_salas93
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    Any foundation whose funding comes from a unilateral decision by Bitcoin ABC will be controlled by ABC

    Posted: 08 Aug 2020 08:29 AM PDT

    I predict that Bitcoin ABC will soon announce the creation of a foundation for Bitcoin Cash. This is the only move that makes sense to me as a way for Amaury to try to get support.

    Any foundation that gets the funding because ABC dictate the consensus rules are in a position of dependence - the foundation's lifeblood depends on continued support and their ability to do good in the future therefore always comes with a requirement to appease the decision makers now.

    We should remember that the person who holds the purse strings is the person who has ultimate control. As long as Amaury Sechet makes unilateral decisions to control funding and to dictate the existence of the IFP, he will have power over the foundation. We can not trust any foundation that is created in such a manner.

    Furthermore, it is my opinion that the unilateral IFP is a form of coercion and theft. We have a word to describe businesses that get funding this way, and it's not a pretty one.

    submitted by /u/jtoomim
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    At the end of the day my BCH has better principals and fundamentals than my euro. I sleep better thinking about the problems and solutions of my BCH than the problems of my euro. The solutions to my euro is BCH.

    Posted: 08 Aug 2020 02:50 PM PDT

    Reminder: Crypto is all about collaboration

    Posted: 08 Aug 2020 11:03 AM PDT

    You win by collaborating, not by being overly agressive and bullying. CSW and Calvin failed to win the Bitcoin Cash brand in large part because they didn't attract people enough to their cause. Crypto is voluntary and you can only win by attracting others to the projects you work on.

    submitted by /u/jonald_fyookball
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    BCHABC futures on CoinFlex are selling at 27 USD at the moment.

    Posted: 09 Aug 2020 12:26 AM PDT

    What to learn from today's disagreement in the BCH ecosystem

    Posted: 08 Aug 2020 04:36 PM PDT

    Recap on CoinEx & Avalanche AMA Aug 5, 2020

    Posted: 08 Aug 2020 11:41 PM PDT

    Recap on CoinEx & Avalanche AMA Aug 5, 2020

    Written by SatoshisAngels

    Published by read.cash

    On August 5th 2020, Satoshi's Angels hosted an AMA for CoinEx on "How BCH and Avalanche Are Bringing Financial Freedom to 6 Billion People" on a Chinese platform Bihu. During the 100-minute event, Haipo Yang of ViaBTC and CoinEx, and Emin Gun Sirer of AVA Labs shared their in-depth views on such topics as different consensus mechanisms, community governance, IPFS, Defi. And Haipo explained why he wants to fork BCH. This is the full text.

    You can check out the full AMA here (mostly in Chinese with some English translation).

    ​

    https://preview.redd.it/x790bw58axf51.png?width=1920&format=png&auto=webp&s=03c8af942f8f14d98d5dd693adf9e2a50448d61d

    Cindy Wang (Satoshi's Angels): There are news saying that you are to fork BCH. Is it a marketing makeover? Are you serious about it?

    Haipo Yang: It's definitely not a marketing makeover. But the details are not decided yet.

    Over the past three years, the BCH community has gone through multiple discussions from reducing block time, changing mining algorithms, adding smart contracts, etc. But none of these disputes have been well settled.

    BCH is a big failure in terms of governance. A lack of good governance has made it fall in disorder. It is too decentralized to make progress.

    You may know that the first BCH block was mined by ViaBTC. And we gave a lot of support to it indeed. But we didn't dominate the fork. The Chinese community in particular thought I had a lot of influence, but it was not true.

    I think the whole community is very dissatisfied with Bitcoin ABC, but it is difficult to replace them or change the status quo. So I am thinking of creating a new branch of BCH. The idea is still in early stage. I welcome anyone interested to participate and discuss it with me.

    Wang: Professor Emin, what's your attitude to fork? Do you think it's a good timing to fork BCH?

    Emin Gun Sirer: I am a big fan of BCH. It adheres to the original vision of Satoshi Nakamoto. I like the technical roadmap of BCH. But just like what Haipo mentioned, BCH lacks a good governance mechanism. There are always something that can cause BCH community to divide itself.

    But I think it's not enough to just have a good governance mechanism. There are many good proposals in the community but failed to be adopted in the end. I think BCH needs social leadership to encourage discussion when there are new proposals.

    Wang: We are all curious to know How Avalanche got its name?

    I know that Avalanche doesn't mean well in Chinese. But in English, it's a very powerful word. Avalanche represents a series of algorithms piling together like a mountain. When decisions slowly form, the ball (nodes in the network) on top of the mountain starts going down the hill on one side, and it gets bigger and bigger, and like an avalanche and it becomes unstoppable, making the transaction final.

    Wang: Prof. Emin, I know that you are a big blocker. Have you ever considered implementing Avalanche based on BCH? Why create another chain?

    Sirer: Of course I considered that. Satoshi Nakamoto consensus is wonderful, but the proof-of-work mechanism and Nakamoto consensus base protocols have some shortcomings, such as network latency, and it is hard to scale. Avalanche, instead, is totally different, and is the new biggest breakthrough in the past 45 years. It is flexible, fast, and scalable. I'd love to implement BCH on top of avalanche in the future, to make BCH even better by making 0-conf transactions much more secure.

    Wang: As an old miner, why did CoinEx Chain choose to "abandon" POW, and turn to POS mechanism?

    Haipo: Both POW and POS consensus algorithms have their own advantages. POW is not just a consensus algorithm, but also a more transparent and open distribution method of digital currency. Anyone can participate in it through mining.

    POW is fairer. For a POS-based network, participants must have coins. For example, you need to invest ICO projects to obtain coins. But developers can get a lot of coins almost for free. In addition, POW is more open. Anyone can participate without holding tokens. For example, as long as you have a computer and mining rigs, you can participate in mining. Openness and fairness are two great features of POW. POS is more advanced, safe and efficient.

    POS is jointly maintained by the token holders, and there is no problem of 51% attacks. Those who hold tokens are more inclined to protect the network than to destroy the network for their own interests. To disrupt the network, you need to buy at least two-thirds of the token, which is very difficult to achieve. And when you actually hold so many coins, it's barely possible for you to destroy the network.

    POW has the problem of 51% attack. For example, ETC just suffered the 51% attack on August 3. And the cost to do that is very low. It can be reorganized with only tens of thousands of dollars. This is also a defect of POW.

    In addition, in terms of TPS and block speed, POS can achieve second-level speed and higher TPS. Therefore, CoinEx Chain chose POS because it can bring a faster transaction experience. This is very important for decentralized exchanges. Both POW and POS have their own advantages. It's a matter of personal choice. When choosing a consensus mechanism, the choice must be made according to the characteristics of the specific project.

    https://preview.redd.it/upbayijaaxf51.jpg?width=1055&format=pjpg&auto=webp&s=703e3b6a493a76f86bc9045e784d174bde9d3c42

    Wang: Ethereum is switching to ETH 2.0. If they succeed, do you think it will lead the next bull market?

    Sirer: If Ethereum 2.0 can be realized, it must be a huge success.

    But I doubt it can be launched anytime soon considering that it has been constantly delayed. And even if it comes out, I am not so sure if it will address the core scaling problem. And the main technology in Ethereum 2.0 is sharding. Sharding technology divides the Ethereum networks into small parallel groups, but I think what will happen is everyone wants to be in the same "shard" so the sharding advantages might not be realizable in Ethereum 2.0.

    Avalanche supports Ethereum's virtual machine, and Avalanche can realize 1 second level confirmation, while with sharding finalizing confirmation takes 5–6 seconds at best. Avalanche approach to make Ethereum scale is superior to Ethereum 2.0. There are many big players behind Ethereum 2.0, and I wish them success. But I believe that Avalanche will be the fastest and best Smart Contract platform in the crypto space, and it is compatible with Ethereum.

    Wang: Why is Avalanche a real breakthrough？

    Sirer: Avalanche is fundamentally different from previous consensus mechanisms. It's very fast with TPS surpasses 6500, which is three times that of VISA. Six confirmations can be achieved in one second. Compared with the POW mechanism of Bitcoin and Bitcoin Cash, Avalanche's participation threshold is very low. It allows multiple virtual machines to be built on the Avalanche protocol.

    Avalanche is not created to compete with Bitcoin or fiat currencies such as the US dollar and RMB. It's not made to compete with Ethereum, which is defined as the "world's computer". Avalanche is positioned to be an asset issuance platform to tokenize assets in the real world.

    Wang: How do you rank the importance of community, development, governance, and technology to a public chain?

    Sirer: These four are like the legs of a table. Every foot is very important. The table cannot stand without strong support.

    A good community needs to be open to welcome developers and people. Good governance is especially important, to figure out what users need and respect their voices. Development needs to be decentralized. Avalanche has developers all over the world. And it has big companies building on top of Avalanche.

    Yang: From a long-term perspective, I think governance is the most important thing, which is the same as running a company.

    In the long run, technology is not important. Blockchain technology is developed based on an open source softwares that are free to the community. Community is also not the most important factor.

    I think the most important thing is governance. Decentralization is more about technical. For example, Bitcoin, through a decentralized network method, ensures the openness and transparency of data assets, and the data on the chain cannot be tampered with, ensuring that the total amount of coins has a fixed upper limit.

    But at the governance level, all coins are centralized at some degree. For example, BCH developers can decide to modify the protocol. In a sense, it is the same as managing a company.

    Historically, the reasons for the success and failure of companies all stem from bad governance. For example, Apple succeeded based on Steve Jobs's charisma, leadership and the pursuit of user experience. When Jobs was kicked out, Apple suffered great losses. After Jobs returned, he made Apple great again.

    Issues behind Bitmain is also about governance. Simply put, governance requires leaders who have a longer-term vision and are more capable of coordinating and balancing the resources and interests of all parties to lead the community.

    In the blockchain world, many people focus on technology. In fact, technology is not enough to make great products. User experience is most important. Users don't care about the blockchain technology itself, but more concerned about whether it is easy to use and whether it can solve my problem.

    We need to figure out how to deliver a product like Apple. The pursuit of user experience is also governance in nature. And governance itself lies in the soul of key leaders in the community.

    Realize tokenization of assets in.

    https://preview.redd.it/14jf1bvcaxf51.jpg?width=1082&format=pjpg&auto=webp&s=c312912142c38de986f42912086e205354162190

    Wang: Speaking of asset tokenization, I would like to ask Haipo, do you think the market for assets on the chain is big?

    Yang: It must be very big. We need to see which assets can be tokenized.

    Assets that can be tokenized are standardized assets, sush as currencies and securities.

    1. In terms of currency, Tether has issued over 10 billion U.S. dollars. Many people think that's too much. But I think this market is underestimated. The market for stablecoins in the future must be hundreds of billions or even trillions, especially after the release of Facebook's Libra. Even US dollar might be issued based on the blockchain in the future.

    At present, the settlement of USD currency is through the SWIFT system. But the SWIFT system itself is only a clearing network, a messaging system, not a settlement network. It takes a long time for clearing and settlement, and it is not reliable. But both USDT and USDC can quickly realize cross-border transfers in seconds and realize asset delivery. Even sovereign currencies are likely to be issued on the blockchain. I believe RMB also has such a plan.

    1. Equity and securities markets are the largest market. But they have strict requirements for market access.

    Whether a stock is listed on A-shares or in the American markets, it's hard to obtain them. I believe that the blockchain can completely release the demand through decentralization. It can allow any tiny company or even a project to issue, circulate and finance a token.

    There may be only tens of thousands of stocks currently traded globally. There are also tens of thousands of tokens in the crypto space. I believe that millions or more of assets will be traded and circulated in the future. This can only be realized through decentralized technology and organization.

    The market for assets tokenization will be huge. And at present, the entire blockchain technology is still very primitive. Bitcoin and Ethereum only have a few or a dozen TPS, which is far from meeting market demand. This is why CoinEx is committed to building a decentralized Dex public chain.

    Wang: Avalanche's paper was first published on IPFS. What do you think of IPFS?

    Sirer: I personally like IPFS very much. It is a decentralized storage solution.

    Yang: There is no doubt that IPFS solves the problem of decentralized storage, and can be robust in the blockchain world, and can replace HPPT services. But there are still three problems:

    1. IPFS is not for ordinary users. Everybody needs BCH and BTC, but only developers need IPFS, which is a relatively niche market;

    2. IPFS is more expensive than traditional storage solutions, which further reduces its practicality. In order to achieve decentralization, more copies must be stored, and more hardware devices must be consumed. In the end, these costs will be on to users.

    3. There may be compliance issues. If you use IPFS to store sensitive information, such as info from WikiLeaks, it may end up threatening national security. I doubt that decentralized storage and decentralized public chains can survive under the joint pressure of global governments.

    The IPFS project solves certain problems. But from the perspective of application prospects, I am pessimistic.

    Wang: What do you think of Defi?

    Yang: I want to talk about the concept first.

    Broadly speaking, the entire blockchain industry is DeFi in nature. Blockchain is to realize the circulation of currency, equity, and asset value through decentralization.

    So in a broad sense, blockchain itself is DeFi. In a narrow sense, DeFi is a financial agreement based on smart contracts. DeFi, through smart contracts, can build applications more flexibly. For example, before we could only use Bitcoin to transfer and pay. Now with smart contracts, flexible functions such as lending, exchange, mortgage , etc. are available. The entire blockchain industry is gradually evolving under the conditions of DeFi. DeFi will definitely get greater development in the future.

    Sirer: I think Defi will definitely have a huge impact. DeFi is not only an innovation in the cryptocurrency field, but also an innovation in the financial field. Wall Street companies have stagnated for years with no innovation. Avalanche fits different DeFi needs, including performance and compliance. In the future, not only will Wall Street simply adopt DeFi, but DeFi will grow into a huge market that will eventually replace the traditional financial system.

    Questions from the community:

    1. How does Avalanche integrate with DeFi?

    Sirer: At present, all DeFi applications on Avalanche have surpassed Ethereum. What can be achieved on Ethereum can be achieved on Avalanche with better user experience. We are currently connecting with popular DeFi projects such as Compound and MakerDao to add part of or all of their functions.

    At present, Avalanche is working on decentralized exchange (DEX). The current DEXs are limited by speed and performance but when they are built on top of Avalanche it will be real-time and very fast.

    2. How many developers does BCH have?

    Yang: I think it does not matter how many developers there are. What matters is what should be developed. I watched Jobs' video the other day, and it inspired me a lot. We are not piecing together technology to see what technology can do. It's we figure out what we want first and then we use the technology we need.

    The entire blockchain community worship developers. Such as they call Vitalik "V God". It's not necessary to treat developers as wizards. Developers are programmers, and I myself is also a programmer.

    ViaBTC has a development team of over 100 people, including core members from Copernicus (a dev team formerly belonged to Bitmain). Technically we are very confident to build faster, stabler, and better user experience products.

    submitted by /u/CoinExcom
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    By now it seems Vin knew what ABC was shooting for

    Posted: 08 Aug 2020 12:52 PM PDT

    Here's a Rocket League video with a BCH QR code at the end ;-)

    Posted: 08 Aug 2020 08:17 PM PDT

    This is Amaury’s resignation letter to the BCH community.

    Posted: 08 Aug 2020 09:21 AM PDT

    There's absolutely no way on the planet that Amaury would ever believe that the BCH community would ever accept an $8.5 million per year payout to him (and that's at today's low prices). It goes against all the values of BCH.

    So, it seems like Amaury is doing this as a highly dramatic & immature way to resign from his leadership role in the community.

    Amaury is like the boyfriend who is too scared to have a mature conversation with his girlfriend about breakIng up with her, so he creates drama & fights instead... so SHE has to do the breaking up.

    Amaury clearly wants to resign from the BCH project, and this is his immature way of doing it.

    Amaury, we accept your resignation.

    submitted by /u/scotty321
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    Why are you interested in Bitcoin?

    Posted: 08 Aug 2020 01:20 PM PDT

    Need some help regarding BTC transaction fees

    Posted: 09 Aug 2020 01:14 AM PDT

    Hello, I am trying to transfer $200 in BTC to localbitcoins to sell it, I haven't really transferred BTC ever before (only been using BCH) and I am kinda shocked at the transaction fees, it's charging me $14 as fees!

    Is this like, normal? I know BTC is notorious for the high fees but I never expected it to be THIS high. Any way I can reduce it some? After some research I see that the transaction fees fluctuates from time to time, should I just wait for it drop then?

    PS: I was named a troll on the other sub so I am asking here, apparently I am an obvious BCH shill?

    submitted by /u/keshav_thebest
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    My collection of amazing early Bitcoin comments, right here from Reddit:

    Posted: 08 Aug 2020 11:39 PM PDT

    On buying (or not) a gaming rig to mine Bitcoin:

    "With the difficulty skyrocketing and exchange rates sitting stagnant at $5~8 for the last week or so, you pretty much missed the boat to buy dedicated mining hardware, IMHO. If you already have the hardware, or are looking for an excuse to buy a couple bitchin' new graphics cards for a gaming rig, there's definitely money to be made mining when you're not using it.

    But I don't think I'd drop $1k into a rig that's only to mine with unless it was $1k I'd blow on something even more retarded. I certainly wouldn't sink next month's rent into it."

    https://reddit.com/r/AskReddit/comments/hnp7f/_/c1wuv1b/?context=1

    On easily cashing out Bitcoin using mtgox:

    "I think getting money is not that difficult. The daily volume on mtgox is over $100K, so I think anyone can currently sell Bitcoins for USD without problems."

    https://reddit.com/r/AskReddit/comments/hnp7f/_/c1wuhjh/?context=1

    On it being $10:

    "Is Bitcoin 10 usd yet?"

    https://reddit.com/r/Bitcoin/comments/hpq6c/is_bitcoin_10_usd_yet/

    Bonus: Snapshot of the isbitcoin10usdyet website from 2011: https://web.archive.org/web/20110606125320/http://www.isbitcoin10usdyet.com/

    Mtgox might disappear:

    "400K bitcoins is $4M dollars. Given all risks and uncertainties around bitcoins, no wonder some of the early founders exit their investments. Tomorrow mtgox or dwolla may disappear. It is the matter of one government intervention."

    https://reddit.com/r/Bitcoin/comments/hq1wj/_/c1xgesq/?context=1

    Bitcoin is terrible at friendly front-end:

    "This is a dangerous point-of-view. The entire bitcoin ecosystem is ugly, confusing, and deeply unusable. Really think about the questions posed in the article. The client works, as in, it creates a functional front-end for some bitcoin-related tasks, but it isn't at all designed for how humans would want to interact with the currency. The point of the article isn't that the client is hard, it's that the client works pretty well for obsessive nerds (present company included), but if bitcoin is really going to succeed at the goals it sets out to accomplish, it needs to not only be usable by normal people, it needs to be exceptional. If you think it's reasonably usable, you're welcome to that opinion, but please understand that you're the exact sort of person Mr. Falkvinge was referring to. Great with complex logic, terrible at friendly front-end."

    https://reddit.com/r/Bitcoin/comments/hrqpm/_/c1xtfuy/?context=1

    On wallets going out of sync:

    "One thing that I think is lacking is the ability to functionally use wallets on different machines as they will tend to get out of sync. This might be able to be overcome if new addresses were deterministically created from a seed contained in the wallet, but there are probably better ways.

    Also, the UI for the official client is kind of a bone."

    https://reddit.com/r/Bitcoin/comments/hrqpm/_/c1y730k/?context=1

    On Bitcoin's ease of use:

    "In fact, BTC is in such an infant state right now only enthusiasts investors, and geeks who can actually grasp how the system truly works, are using it for real.

    The usability issues raised by the article are real. No grandma, or any well respected enterprise for that matter, would accept working with this type of GUI. If anything, a REAL enterprise backend still needs to be developed to handle the BTC's ungly guts, with all transactions details, hashes, mining, wallets, proxy connections, peer discovery via IRC channels... I mean... this is all too RAW for the end user. I can see a near future where startups will begin to offer user friendly GUIs, online access, maybe even online banking for your bitcoin accounts, automated backups and safety mechanisms to protect your coins in case of theft.

    All of us geeks will end up supporting the bootstrap of this network so that, later on, your grandma will be able to use this just as she would use a credit card today."

    https://reddit.com/r/Bitcoin/comments/hrqpm/_/c1xungz/?context=1

    rBitcoin is not a sub for memes:

    "This isnt a subreddit for memes. Take it back to r/pics"

    https://reddit.com/r/Bitcoin/comments/i7z0v/_/c21m3ld/?context=1

    I think I'll keep my money elsewhere:

    "This further reinforces BC's image as nothing more than a Ponzi scheme. When the distribution is skewed that heavily towards early adopters, they will have almost total control over the market. Those 32 could manipulate to their hearts content. I think I'll keep my money elsewhere...."

    https://reddit.com/r/Bitcoin/comments/ifl26/_/c23e3ei/?context=1

    Tulip mania:

    http://en.wikipedia.org/wiki/Tulip_mania

    https://www.reddit.com/r/AskReddit/comments/hnp7f/i_just_invested_half_of_my_next_months_rent_in/c1wuhkt/

    submitted by /u/wisequote
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    Three Gorges Dam Collapse Mining Threat, China Banks Ban Buying Gold: The Bitcoin.com Weekly Update

    Posted: 08 Aug 2020 07:25 PM PDT

    Amaury sechet Walking out from DAA meeting #3 Clip, David R. Allen Got really frustrated .

    Posted: 08 Aug 2020 05:07 PM PDT

    Is the lack of a proper development process the cause of BCH's current (and past) drama?

    Posted: 08 Aug 2020 02:16 PM PDT

    I just watched the latest DAA meeting that was posted on Youtube. To me it seems the root of the problem is not so much the personalities of the participants but the lack of a process agreed on by all teams/developers on how a new feature should be proposed, discussed, reviewed and integrated.

    Bitcoin ABC was expecting Jonathan to post his code to Bitcoin ABC's repository. Jonathan expected Bitcoin ABC would integrate and test Jonathan's code on their own.

    But I guess those expectations were never properly communicated and lead to the mess we have now. Sad and completely preventable.

    Now I agree that personalities, egos, too much caffeine, etc. also played a part, but I fear if the different teams/developers never agree on a proper development process for BCH, the kind of problems we are facing now will repeat over and over again.

    My 2 cents.

    submitted by /u/taipalag
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