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    Home Unlabelled BTC Interesting how the narrative changed over the last six years

    BTC Interesting how the narrative changed over the last six years

    November 16, 2020

    BTC Interesting how the narrative changed over the last six years

    Interesting how the narrative changed over the last six years

    Posted: 15 Nov 2020 06:20 PM PST

    An overwhelming victory for BCH today, removing a lead development team gone rogue. A historic first for cryptocurrency, BCH is keeping the Bitcoin legacy alive. Following this newfound unity there will be a resurgence. Another chapter in the story of forking for freedom.

    Posted: 15 Nov 2020 10:29 AM PST

    Opinion: there’s a high chance the BCHA side of the split won’t result in a viable chain

    Posted: 15 Nov 2020 04:10 PM PST

    Shout out to the Electron Cash chain split functionality

    Posted: 15 Nov 2020 11:21 PM PST

    It works flawlessly and has become super handy for managing forked coins. It was extremely intuitive and simple to split my coins, and the GUI and wallet both seamlessly went back and forth between chains without issue. Nice work, and great feature! (I hope it's never necessary again, but it's good peace of mind to know it's there if and when we need it, like today.)

    submitted by /u/exmachinalibertas
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    Why are there no Binance blocks post fork? Any info?

    Posted: 15 Nov 2020 11:24 PM PST

    bchDNS and Generalizing Bitcoin 2020

    Posted: 15 Nov 2020 10:44 PM PST

    Happy upgrade day everyone!

    Now, as the drama is the past, and we have the best team of developers focusing on moving Bitcoin forward, I would like to bring up the topic that has first being brought up exactly 10 years ago on bitcointalk. That is, adding DNS capabilities to Bitcoin. The thread is in many ways wonderful and I recommend it as a reading if anyone missed it.

    The (tl;dr) story

    The decentralized dns was a dream long before Bitcoin was alive, and the problem was well formulated as u/zooko's triangle. I would dare say decentralized dns was as much desired as decentralized currency. It just so happened bitcoin came first.

    So people began discussing how to utilize bitcoin to bring decentralized dns to life. There were different proposals like integrate it into bitcoin, or make it a separate blockchain. The discussion was hot, but then Satoshi came in and expressed his opinion that separate blockchain under the same cpu power was the way to go. The Namecoin was born a bit later as a separate chain to be merged mined with Bitcoin. Fun fact, this thread was one the last places where satoshi participated in discussions before leaving the forum.

    Satoshi's proposal was extremely clever tech-wise, but it didn't turn well for Namecoin as it was basically forgotten, despite it's a coin with total hash rate that exceeded Bitcoin Core's during btc/bch oscillations. It may very well be the time has yet to come for Namecoin. One thing is for sure – if dns was integrated into bitcoin, the progress in that scene would have been much greater to this day. For example, the coin addresses would have been a thing of the past the same way ip addresses are. And all that today. And I would dare suppose many browsers and linux distros would have this system integrated. It's easy to see this from today's perspective, but it was impossible ten years ago.

    What's following is a little insight around what's going on with namecoin today, my speculations about the foreseeable future and my proposal for the present.

    Namecoin and Tor Browser

    For the past several years enormous work has been done by u/biolizard89 and the team in terms of integrating namecoin name resolutions into a browser. This is all being done in the context of Tor Browser, because that's where decentralized domains are needed the most nowadays. Today, Namecoin name resolutions is an opt-in feature in nightly Tor Browser on gnu/linux builds. You can watch Jeremy Rand's talk to get the more detailed picture about the progress and design principles of that integration. I will just provide a high-level overview below.

    This whole integration is basically an electrum wallet built into a browser, capable of resolving names through nmc-enabled electrumx servers. The client/server communication is tunneled through tor. The key thing here is that Jeremy made a fantastic work stripping everything fatty from electrum to achieve very browser friendly ~3mb binary.

    Speculation

    That being said, we are nearing the time namecoin is resurrected from ashes of coinmarketcap ratings. It's hard to time the events, but that will happen for sure. From there on the adoption will explode. In two-three years we will have Tor/Firefox/Brave to name a few browsers that will embrace decentralized dns. The question is, will other coins embrace Namecoin, or will they integrate it into their chains? The temptation would be too high for many projects to integrate it. For example, zcash may include name registrations much faster than namecoin will enable private transactions, thus zcash based dns will provide more value as the dns system for Tor.

    Despite it's possible to have several tld's in a single chain, namecoin will more likely be focused on a single one, which is dot bit. Other coins will provide their own tld's, forming a fully parallel and independent (and even more decentralized) dns layer with many tlds, each providing benefits based on underlying blockchain value. For example, zcash-based tld will allow for fully anonymous domains etc.

    Proposal

    I propose to the Bitcoin community to reevaluate the decision made 10 years ago about not integrating the dns system into blockchain. The whole dns 'layer' is 3 new opcodes – name_new, name_firstupdate, and name_update and a little bit of code to glue that. The solution is truly battle tested, and if the community believes in idea that bitcoin must take and integrate all the best from the industry to compete and win, name registration is the well baked stuff.

    By integrating the dns in our blockchain we may provide additional value and fix several mistakes. First, name registration in our TLD may be much more expensive, making it harder to namesquat the TLD. As Julian Assange pointed out in a famous interview from 2011:

    JA OK, so, once you have a system of currency that is easy to use like that, then you can start to use it for things that you want to be scarce. What is the example of some things that we want to be scarce? Well, domain names. Names. We want names to be scarce. We want short names to be scarce, otherwise if they are not scarce, if it doesn't take work to get them, as soon as you have a nice naming system, some arsehole is going to come along and register every short name themselves.

    The short name scarcity was hard to implement ten years ago, it's darn easy when underling currency is valuable. The .bch TLD may provide access to short names, while .bit may work well for general audience.

    Second, we may have non-expiring names to solve financial and social id's. That alone will solve a huge wallet usability problem in a nicest way possible. I am fully aware of u/JonathanSilverblood CashAccounts, but they rely heavily on 3rd parties to provide indexing, while op_code based names can be resolved and verified using SPV, which is proven, robust and long term solution. Besides improving wallet UX, such naming system will greatly benefit maturing Memo protocol, where users will be able to have unique names.

    The P2P ecash combined with decentralized naming system is the powerful mixture, if you think a bit!

    edit: corrected the JonathanSilverblood as the author of CashAccounts. Originally mentioned u/jonald_fyookball.

    submitted by /u/shengchalover
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    A Historic Moment for Bitcoin Cash and Crypto

    Posted: 15 Nov 2020 06:31 AM PST

    A Historic Moment for Bitcoin Cash and Crypto

    Today all participants of the BCH ecosystem should be extremely proud. Bitcoin Cash has done something no other cryptocurrency ecosystem has achieved. We have managed to not only successfully reject a corruption of the protocol, but also removed power from a centralized development team and rejected a centralized 'official' (not official) website. Bitcoin Cash is now stronger, more unified and more decentralised than ever before.

    But now is not the time back off the gas pedal. In fact the opposite. We must now use this new energy to rocket upwards faster than at any point before. As governments around the world use ever increasing amounts of violent coercion on their citizens and reduce people's right to privacy and free speech, a global peer-to-peer electronic cash system is needed now more than ever. Bitcoin Cash is the economic freedom that we as a planet need to build the foundations of our future.

    Bitcoin Cash is now set up for a new era of progress and expansion, where constructive collaboration between development teams and other key stakeholders allows us to drive BCH technology forward. Bitcoin Unlimited is excited to continue working with the other node developers to provide the engineering and resources required to scale Bitcoin Cash to the world's population.

    We at Bitcoin Unlimited are committed to the bright future of Bitcoin Cash!

    Feel free to join us building the future at t.me/bitcoinunlimit

    Edit: Let's make use of this new energy right away...

    Reminder that in just a couple of weeks we will be hosting a global virtual BCH hackathon!

    Go sign up now at coinparty.org!

    ​

    https://i.redd.it/0n3m3z45qgz51.gif

    submitted by /u/BU-BCH
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    Bitcoin Cash upgrade came off without a hitch, and not only that-- kicked out the incumbent implementation (ABC) that had gone rogue. A big success for BCH!

    Posted: 15 Nov 2020 07:05 AM PST

    This was probably the smoothest BCH upgrade to date. All nodes actually followed this protocol upgrade without problems

    Posted: 15 Nov 2020 08:36 AM PST

    Good News for Bitcoin Cash! New Leadership Means Scaling and Progress

    Posted: 15 Nov 2020 10:07 AM PST

    Does anyone know who made the animations in this Bitcoin Cash Video? I want to hire them to make more for a new video.

    Posted: 15 Nov 2020 11:37 AM PST

    Bitcoin Cash network is split! 1st block mined under new consensus rules.

    Posted: 15 Nov 2020 06:19 AM PST

    Pure BCH coins given out

    Posted: 15 Nov 2020 05:19 PM PST

    If you want to use for splitting.

    20 or so tips of 0.02 USD each

    submitted by /u/ErdoganTalk
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    Here is an easy way to split ABC and BCH coins with Electron Cash

    Posted: 15 Nov 2020 09:22 AM PST

    edit: I am Kain_niaK. Proof. Reddit keeps deleting my accounts.

    1) Open Electron Cash

    2) Tools - Network - Server

    3) Uncheck "Select Server Automatically"

    4) Put this in server "electrum.bitcoinabc.org"

    5) It will now show chain split detected.

    6) ABC will be branch 4284c9d8b2

    7) BCH will be branch 29e471c418

    9) WAIT UNTIL THE BCH BRANCH IS AT LEAST 2 BLOCKS AHEAD OF THE ABC BRANCH. OTHERWISE THIS DOES NOT WORK. THE FARTHER AHEAD THE MORE LIKELY IT WILL WORK. THE CLOSER THE CHAINS ARE IN BLOCK NUMBER THE HIGHER THE CHANCE IT DOES NOT WORK. BECAUSE ABC IS CURRENTLY 22 BLOCKS BEHIND IT IS BEST TO SPLIT YOUR COIN ASAP BEFORE THEY CATCH UP

    10) Pick a server in the BCH branch list and right click select "Use as server"

    11) Go to the addresses tab

    12) Pick a empty unused address

    13) Right click and copy address

    14) Go to send and paste the address.

    15) Click Max to send all your BCH to yourself.

    16) Click send and type in password

    17) You will now see a unconfirmed transaction.

    18) Wait for 1 confirmation on BCH.

    19) Go back to network and connect to electrum.bitcoinabc.org and make sure you are on branch 4284c9d8b2

    20) The tx you made on the BCH chain should not be valid on the ABC chain because Electron Cash uses nlocktime in transactions meaning that a transaction has in them the block number at which it was created and that transaction won't be valid on ABC until they hit the same number of blocks. So it can not be replayed on ABC until they catch up. If you make a ABC tx within that window your coins will be split because the other tx won't be valid until after they catch up.

    21) Go back to addresses, now pick a different empty unused address. IT MUST BE DIFFERENT FROM 12

    22) Right click and copy address

    23) Go to send and paste the address.

    24) Click Max to send all your ABC to yourself.

    25) Click send and type in password

    26) You will now see a unconfirmed transaction.

    27) Wait till this transaction confirms.

    You should now have your BCH on an address and your ABC on a different address.

    Now for convenience create a new wallet in Electron Cash and call it ABC. Transfer your ABC to that wallet. Whenever you are on the BCH chain, that wallet should be empty, when you flip to ABC chain it will show coins.

    NOTHING CAN GO WRONG WITH THIS METHOD BECAUSE YOU ARE MAKING TX FROM YOUR WALLET TO THAT SAME WALLET THEY EITHER HAPPEN OR THEY DON'T. ZERO RISK AT COIN LOSS. You can try splitting with this method as much as you want it will only cost you tx fees.

    How all of this works with SLP tokens I don't know. When satoshis are locked up in SLP tokens they can't be send so I have no idea how to split them. Of course on the ABC chain they are no longer called satoshis but sechets.

    submitted by /u/Because_I_am_Dutch
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    Flipstarter: Cashlink Network (Phase 1): CashSQL Server

    Posted: 15 Nov 2020 11:09 PM PST

    There's a lot of fuckery going on in BCH markets currently.

    Posted: 16 Nov 2020 02:28 AM PST

    I think we see a heavy correction to the upsides soon. This is them failing at keeping prices under control.

    This is sound money taking back control after one century of scamming "we the people".

    submitted by /u/gr8ful4
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    Can we all appreciate how all of the new BCHA blocks have been mined *by a single miner*? Decentralization here we come... Total IFP fund so far: 3BCHA ~ $60 // 20h.

    Posted: 16 Nov 2020 02:15 AM PST

    CoinGecko has updated their Bitcoin Cash page, now website is bch.info

    Posted: 15 Nov 2020 08:57 AM PST

    Bitcoin Verde has upgraded successfully!

    Posted: 15 Nov 2020 06:28 AM PST

    BCHN is now 10 blocks ahead of ABC

    Posted: 15 Nov 2020 07:39 AM PST

    So now that the fork has happened, where can I buy BCHN?

    Posted: 16 Nov 2020 01:18 AM PST

    Now that the fork has happened I am wanting to buy and use BCHN because I believe it is the future of Bitcoin. I'm in Australia and the exchanges I can see have either suspended BCH transactions, or are listing BCHABC as "bitcoin cash". Does anyone know where I can now get BCHN? I have the Bitcoin.com wallet downloaded but it is hard to find which side of the fork the BCH is on! Any help greatly appreciated and I hope this doesn't break any rules!

    submitted by /u/Senior_Engineer
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    Fusions failing because "Clock mismatch is too large"

    Posted: 15 Nov 2020 01:24 PM PST

    I started using CashFusion on Electron Cash, but I'm having issues with getting CashFusion going. I've clicked the "enable Cashfusion" button, and cashfusion does seem to be enabled, but when I check if there are any fusion transactions, they aren't showing up. On top of this, I've tried looking at my fusions countdown, and whenever they are supposed to activate, they don't activate giving the error that the "Clock mismatch is too large". Can someone please help out?

    submitted by /u/1MightBeAPenguin
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    Marc De Mesel on Twitter

    Posted: 15 Nov 2020 09:16 AM PST

    PSA: Developers, I've compiled a list of ASERT reference/anchor block variables here, for Mainnet, Testnet3, and Testnet4. I still need to get Scalenet variables.

    Posted: 15 Nov 2020 10:48 AM PST

    https://bitcoincashnode.medium.com/ is a SCAM not associated with Bitcoin Cash Node

    Posted: 15 Nov 2020 06:33 AM PST

    Please let people know if this is shared anywhere to NOT use this guide.

    submitted by /u/blockparty_sh
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    Splitting BCHA seems useless without any miners backing it up

    Posted: 15 Nov 2020 02:32 PM PST

    I have noticed that BCH ABC only had three blocks after the fork, and nothing else. Doesn't seem like a good idea to split since that would mean making a maximum of 50 unconfirmed transactions in the IFP side.

    submitted by /u/RowanSkie
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