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    Sunday, August 15, 2021

    BTC Check the status of smartBCH using Fountainhead's new smartBCH analytics tool

    BTC Check the status of smartBCH using Fountainhead's new smartBCH analytics tool


    Check the status of smartBCH using Fountainhead's new smartBCH analytics tool

    Posted: 14 Aug 2021 07:33 PM PDT

    A clone of Ethereum with scaling improvements has just been launched on top of Bitcoin Cash. one billion gas every 15 seconds, DAO is coming soon. It's called Smart BCH and it allows any Ethereum dapp to be ported to BCH to take advantage of lower gas fees.

    Posted: 15 Aug 2021 01:29 AM PDT

    Bitcoin Cash gains for Market Cap dominance

    Posted: 14 Aug 2021 06:05 PM PDT

    A pull request was sent to correct the bch-Argentine peso exchange rate in Electron Cash

    Posted: 15 Aug 2021 12:10 AM PDT

    As an open-minded Bitcoiner I made my first Lightning Network payment. It was more expensive than BCH in terms of fiat and sats lol

    Posted: 14 Aug 2021 09:46 AM PDT

    Alright.. someone clear up smartBCH

    Posted: 14 Aug 2021 06:44 PM PDT

    Iv heard lots about the ability for dApps, smart contracts, etc. What EXACTLY is smart BCH? Is it another fork? Does it use the BCH network or is it another layer? Is there a separate currency / asset that was created from this? Break it down like you would a child as I'm sure someone else could use this explanation as well

    submitted by /u/CurvyGorilla202
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    Tether: “ Three top executives left Cumberland within about a month of NYAG's fraud investigation of Bitfinex and Tether, and Reggie Fowler's indictment for money laundering (Crypto Capital). Wonder if DRW is also being investigated by DOJ. ”

    Posted: 14 Aug 2021 11:51 PM PDT

    Online basketball store in Argentina ����, accepts #BitcoinCash as a payment method

    Posted: 14 Aug 2021 08:02 PM PDT

    🏀 𝐇𝐎𝐎𝐏𝐒𝐇𝐎𝐄𝐒 🏀

    Instagram: https://instagram.com/hoopshoes_

    Website: hoopshoes.net

    https://i.imgur.com/bN1mws0.jpg

    submitted by /u/BitcoinCashArgentina
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    Some transactions are being made using smartBCH, and I have noticed that the gas fee in some of them was 10 satoshis or 0.0000001 BCH. My question is: Are we going to have transaction fees are low as one satoshi?

    Posted: 14 Aug 2021 09:27 PM PDT

    Some transactions are being made using smartBCH, and I have noticed that the gas fee in some of them was 10 satoshis or 0.0000001 BCH. My question is: Are we going to have transaction fees are low as one satoshi?

    Some transactions are being made using smartBCH, and I have noticed that the gas fee in some of them was 10 satoshis or 0.0000001 BCH. My question is: Are we going to have transaction fees are low as one satoshi because that will blow LN out of the water? Or is it that 10 satoshis are the lowest price possible? I would really low to see 1 satoshi fee or less if possible because that will mean sBCH will be our Lightning Network killer.

    Can someone explain to me in terms of BCH how much is that gas fee?

    https://preview.redd.it/gr4mwqyj8gh71.png?width=1280&format=png&auto=webp&s=846c94eedc4ad1fae1dce521ce732089942a0c13

    submitted by /u/francis105d1
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    This Dude Gets It, Folks

    Posted: 14 Aug 2021 10:50 PM PDT

    Appreciating everyone who helped lay down the groundwork for Satoshi Nakamoto to create Bitcoin

    Posted: 14 Aug 2021 11:31 PM PDT

    Before Hal Finney passed away, he written one final (and very sad) post called Bitcoin and Me. Hal said:

    Fast forward to late 2008 and the announcement of Bitcoin I've noticed that cryptographic graybeards (I was in my mid 50's) tend to get cynical. I was more idealistic; I have always loved crypto, the mystery and the paradox of it. When Satoshi announced Bitcoin on the cryptography mailing list, he got a skeptical reception at best. Cryptographers have seen too many grand schemes by clueless noobs. They tend to have a knee jerk reaction.

    I don't blame them for being skeptical. The Cypherpunks had been trying to build a decentralized payment network for about 20 years and kept failing. They were losing faith as they were growing old and grey.

    Anyways, I thought I'd make a thread crediting and sourcing all of those who contributed to building Bitcoin. I think sometimes Satoshi unfairly gets too much credit, there were dozens of people who came before him who laid down the academic ground work, he just was the one who was finally able to put all the pieces together.

    ------------------------

    ------------------------

    ------------------------

    Let me know if there's any key papers I'm missing. Starting from the beginning:

    • In 1974, Ralph C. Merkle published a paper called "Secure Communications Over Insecure Channels", which invented public-key cryptography. You can read the paper here.
    • In 1977, Ron Rivest, Adi Shamir, and Leonard Adleman published a paper called "A Method for Obtaining Digital Signatures and Public-Key Cryptosystems", inventing the world's first digital encryption standard, called RSA (based on their initials). You can read their paper here. RSA is an algorithm used by computers to encrypt and decrypt messages using a public key and a private key.
    • In 1978, Ralph C. Merkle published a paper called "Protocols for public key cryptosystems". You can read the paper here. Ralph proposes different methods to create protocol networks using public-key cryptography.
    • In 1981, David Chaum published a paper called "Untraceable Electronic Mail, Return Addresses, and Digital Pseudonyms" You can read it here. David essentially lays out some mathematical proofs for encrypted anonymous messages between two parties.
    • In 1982, Leslie Lamport published a paper called "Byzantine Generals Problem". You can read it here. The Byzantine Generals Problem describes a condition of a computer system where components may fail and there is imperfect information on whether a component has failed. This academic paper paved the way for consensus algorithms in distributed ledgers.
    • In 1982, David Chaum published another paper called "Blind signatures for untraceable payments " You can read it here. It essentially lays down a mathematical concept, that is somewhat similar to what's used in Bitcoin wallets.
    • In 1987, Ralph C. Merkle published a paper called "One Way Hash Functions and DES", where he invents cryptographic hashes. You can read it here. Cryptographic hashes are used to verify the authenticity of a piece of data. They are a one-way function, which is practically infeasible to invert or reverse the computation.
    • In 1988, David Chaum published another paper called "Untraceable Electronic Cash". You can read it here. He proposes the idea of electronic anonymous payment channels.
    • In 1990, David Chaum announced the start of eCash, a project from his company DigiCash that allows anonymous payments though his internet network. Development continued into the late 90s and David received a lot of investor funding, however, like most 90s internet companies, the project flopped and he filed for bankruptcy. You could call eCash the world's first VC cryptocurrency.
    • In 1991, Stuart Haber and W. Scott Stornetta published a paper on a concept of a cryptographically secured chain of blocks whereby no one could tamper with timestamps of documents. You can read their paper here. While they didn't call it "blockchain", they essentially invented the core concept that Satoshi ended up expanding upon.
    • In 1992, Hal Finney had been invited to a mailing list of San Francisco tech enthusiasts, which would later be known as Cypherpunks. He sends an email to the group referencing David Chaum's 1981 paper and wants to figure out how to apply it to build a decentralized, private, and permissionless internet. You can read his email to the Cypherpunk mailing list here. Hal Finney's email essentially kickstarted the Cypherpunks' mission to build bitcoin.
    • In 1993, Cynthia Dwork and Moni Naor published "Pricing via Processing or Combatting Junk Mail" You can read their paper here. They found a way to deter denial-of-service attacks and other service abuses such as spam on a network by requiring some work from a service requester, usually meaning processing time by a computer. They are often credited for creating the mathematical proofs behind Proof of Work.
    • In 1993, Hal Finney sent an email exposing the double spending flaw in David Chuam's 1988 paper, and brainstorms of ideas to fix it. Read his email to the Cypherpunk Mailing list here.
    • In 1993, Eric Hughes penned the "Cypherpunk Manifesto". You can read it here. Eric Hughes outlined his opinion on the core principals of being a Cypherpunk, which he believed were people who built software to create a private, decentralized internet. He believed that privacy in the digital age is a human right and Cypherpunks must fight to protect that at all costs.
    • In 1993, Hal Finney proposed the concept of what would become the modern NFT. You can read the email to the Cypherpunk mailing list here. He suggested using the cryptographic proof not just to cash, but also to validate digital collectables like baseball cards.
    • In 1994, Hal Finney proposed a decentralized remailing network that pays people for performing the work necessary to keep the network running. You can read his email to the Cypherpunk mailing list here.
    • In 1997, Nick Szabo published a paper called "The Idea of Smart Contracts". You can read it here. In his paper he coins the term Smart Contracts, which he says code can become legal law by enforcing social contracts through immutable code.
    • In 1997, Adam Back invented the Proof of Work consensus algorithm that was used in Hashcash, which was a program designed to fight email spam and DDoS attacks. Before sending an email, a Hashcash user would need to generate a hash (a seemingly random string of numbers) using parts of the email and some extra data, and send this hash along with the email to the recipient. The recipient would only accept the email if it included a "valid" hash, otherwise the email would bounce. The trick was that only a subset of potential hashes based on the email would be considered valid. This meant that users had to spend some computing power--essentially, energy--to generate Hashcash. 5 years later, Adam Back published a retrospective paper on Hashcash. You can read it here.
    • In 1998, Nick Szabo proposed a digital payment Network called "Bit Gold". Bit Gold would use the concepts of David Chaum, Stuart Haber and W. Scott Stornetta, and Adam Back into a single decentralized digital payment network. On a technical level, Nick Szabo envisioned many of the core concepts that Bitcoin later implemented, but he didn't build a working product, largely because he couldn't overcome the double spending problem in an effective way.
    • In 1998, Wei Dai published a paper called "B Money", which was a concept of a decentralized digital payment network using a distributed ledger. While he provided no code or product, he essentially described in words exactly what Bitcoin became to be 10 years later on a philosophical level. You can read his paper here.
    • In 2002, John R. Douceur published the paper "The Sybil Attack". You can read the paper here. John coins the term: Sybil Attack, which he defines as bad actors who exploit the game theory of a decentralized network by creating and using multiple identities to spam the network. John states that networks without a logically centralized authority will inherently always be vulnerable to Sybil Attacks, but there are ways to alter game theory to minimize it.
    • In 2004, Hal Finney invented Reusable Proof of Work (RPoW). You can read his email to the Cypherpunk mailing list here. l Reusable proof of work resolved the double spending issue by permitting the random exchange of tokens without repeating the work required to generate them. After someone had "spent" a PoW token at a website, the website's operator could exchange that "spent" PoW token for a new, unspent RPoW token, which could then be spent at some third-party website similarly equipped to accept RPoW tokens. While Bitcoin did not use RPoW, Hal Finney was the first to come up with a working solution to the double spending problem.
    submitted by /u/ShotBot
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    Could you have such attitude in order to bag more BCH ��

    Posted: 15 Aug 2021 12:46 AM PDT

    Subtipper has just tipped the top posts for this community! [20:07 GMT August 14, 2021]

    Posted: 14 Aug 2021 01:07 PM PDT

    Thanks to all posters for providing great content!

    The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 1491 sats per vote.

    For an explanation of Subtipper and how it works, please see this article.

     

    Winning posts:


    This didn't age well by u/Anen-o-me

    [tip] - 812595 sats = 0.00812595 BCH = ~5.45 USD


    Blockchain-support scam beware by u/mbc08

    [tip] - 226632 sats = 0.00226632 BCH = ~1.52 USD


    Fun fact - I have been putting "remind me 1 year" responses to a lot of negative comments about BCH. Reminders are coming due and so far 3 out of 3 of those users are now [deleted]. by u/mrtest001

    [tip] - 222159 sats = 0.00222159 BCH = ~1.49 USD


    " BCH is trying to break $600.00 and I want to see that too because Bitcoin Cash deserves a price of $4500.00 already. DeFi on BCH, really low transactions cost for years and more years to come in the future, not to mention that it has the potential to take the first place on CMC" by u/Egon_1

    [tip] - 146118 sats = 0.00146118 BCH = ~0.98 USD


    Binance is MOST definitely having liquidity issues when it comes to coins like BCH that you can't conjure up out of air. Slowing down withdrawals is the first step to insolvency. Remember, we have been here before. by u/i_have_chosen_a_name

    [tip] - 134190 sats = 0.00134190 BCH = ~0.90 USD


    According to Coingecko 17% of all BCH is now traded on Coinflex with a 24h volume of almost 700 million USDC. by u/i_have_chosen_a_name

    [tip] - 132699 sats = 0.00132699 BCH = ~0.89 USD


    Bitcoin SV rocked by fifth 51% attack, serial culprit attempts double spends by u/minitoxin

    [tip] - 108843 sats = 0.00108843 BCH = ~0.73 USD


     

    Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

     

    To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, tip this post using Chaintip by including u/chaintip in your comment!

    Thanks!

    Note: this payout event was triggered by block 700835, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $670.7

    submitted by /u/rbtc-tipper
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    Bitcoin Core BTC put your trust in the custodian plan, it is the future.

    Posted: 14 Aug 2021 08:22 PM PDT

    https://read.cash/@francis105d1/bitcoin-core-btc-put-your-trust-in-the-custodian-plan-it-is-the-future-60e6ba0e

    Bitcoin Core BTC, we the maximalists sold you out and we sold our souls in the process too, so that maybe banks won't ask the government to ban Bitcoin because we don't believe you can save Bitcoin nor inflate our bags like the banks would and don't buy the real Bitcoin BCH because you will destroy our plans of total custodian services for everyone that can't afford transaction fees.

    submitted by /u/francis105d1
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    Checked your Karma recently?

    Posted: 15 Aug 2021 02:04 AM PDT

    Just a glitch or is it gone for good?

    submitted by /u/Bagatell_
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    $111 Million FollowUp #BTC #Lightning Vs. #BCH. BCH outperforms BTC Ligh...

    Posted: 14 Aug 2021 09:12 AM PDT

    opcodes on BCH

    Posted: 14 Aug 2021 10:10 AM PDT

    I'm looking into building some smart contract stuff with the limited scripting capability that BCH/BTC provide.

    Some of the opcodes in BTC were disabled way before the fork happened.
    I've recently seen some posts about an upcomming update on BCH that will reenable these opcodes.

    Is there a list of all the changes regarding BCH's scripting capability, that happened since the fork/will happen soon?

    submitted by /u/435627793
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    Satoshi Versus the 'Infrastructure Bill' — Political Permission Not Required – Op-Ed Bitcoin News

    Posted: 14 Aug 2021 08:50 AM PDT

    Buy smartphone with BCH

    Posted: 14 Aug 2021 08:43 AM PDT

    Hello, any ideas or where i can buy DIRECTLY in BCH some smartphone, oled tv or PC (no gift card, no purse.io with shop to USA then with shipito to Belgium, i want a direcxt payement) ?

    Physically or by internet

    Ship to Belgium

    I love BCH but i am sad cause a lot of website on

    https://acceptedhere.io/catalog/company/?category=shops

    in reality don't accept BCH but BTC... and i have sold my BTC cause for me BTC don't reflect the SN's vision

    THANKS §

    submitted by /u/BCHisFuture
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    After seeing the stock market non stop rallies all year, theres no reason BCH shouldnt be priced higher than the $300-$600 range it was at for most of its existence. It is much rarer and limited than stocks and theres lots of spare profits & cash in the market to invest in future tech.

    Posted: 14 Aug 2021 05:07 PM PDT

    BCH Day Recap ��

    Posted: 14 Aug 2021 06:04 AM PDT

    If you don't believe Bitcoin BTC is the fake Bitcoin and Bitcoin Cash the real Bitcoin.

    Posted: 14 Aug 2021 04:05 PM PDT

    If you don't believe Bitcoin BTC is the fake Bitcoin and Bitcoin Cash the real Bitcoin.

    If you don't believe Bitcoin BTC is the fake Bitcoin and Bitcoin Cash the real Bitcoin, try sending to yourself from one wallet into another at least 5 transactions worth at least 0.0001 and after you have received the 5 transactions, try sending them into another wallet, and tell me how the fees go. For moving 5 inputs you will pay an eye and arm in the fake Bitcoin. Meanwhile, in the real Bitcoin that actually works BCH, you will pay less than $0.02.

    https://preview.redd.it/abvcnr69neh71.png?width=719&format=png&auto=webp&s=859950266eaf2b3f904584566332cd0c835a25bf

    submitted by /u/francis105d1
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    Enjoy the #BCHDay recap ��

    Posted: 14 Aug 2021 05:45 AM PDT

    Silver Lining in New Crypto Tax

    Posted: 14 Aug 2021 11:53 PM PDT

    Bitcoin Surges Over $47K - Is BTC Back on Track to Hit $64,863 ATH?

    Posted: 14 Aug 2021 11:43 PM PDT

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