 |
submitted by /u/efernald [link] [comments] |
source https://www.reddit.com/r/btc/comments/9zzhex/bitcoin_market_crash_hard_fork_blockchain/
Saturday, 24 November 2018
Bitcoin market crash hard fork - blockchain Liberland
source https://www.reddit.com/r/btc/comments/9zzhex/bitcoin_market_crash_hard_fork_blockchain/
How do you switch to the SV chain in electron cash when splitting your coins?
I am trying to follow this guide here
I am confused at step 7. Step 7 says
Now -- you're not done yet! Your tx is not replayable temporarily but it may be some time in the future. So switch to the other branch that is shorter by height (at the time of this writing the SV branch), and then initiate a tx that spends all your coins.. to yourself, but send it to a different address than in (6) above. Done! Your coins are now split!.
How do I switch to the SV branch?
[link] [comments]
source https://www.reddit.com/r/btc/comments/a00133/how_do_you_switch_to_the_sv_chain_in_electron/
Sure will be nice when Shapeshift resumes allowing exchanges into BCH...
As far as I'm concerned, assets are on sale right now. I can buy BTC easy enough through Cash app (Not a big enough of a buyer for tighter pricing to be of much benefit), and hold it as proxy for BCH, but I'd much prefer holding BCH directly.
Without scrolling many days back in history, has there been any update as to when they'll feel comfortable letting BCH transactions resume? I understand that ABC added re-org protection, is that not enough for them to feel ready?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zz2gh/sure_will_be_nice_when_shapeshift_resumes/
Ryan X Charles, lets talk.
Unfortunately, I have to talk to you and not the man himself, because you are the only one that is even willing to broach the subjects of contention in the bitcoin[continued] community, yet you still don't go all the way.
One of the reasons why I had a guttural reaction to, and rejection of core, is due to their bad stewardship of the bitcoin project. Bitcoin is not just economics and technology. Eventually, that will be all it is, but we need adoption and to that end, we need everything working in our favour. We need it fast.
To me, allowing tx fees and confirmation times to skyrocket, willingly, showed a complete lack of understanding for the 'everything else' of bitcoin. The business, the adoption, the 'growth hacking' side of it. If I was the owner of the bitcoin company and blockstream/adam was the CEO I would have fired them instantly. Real business owners like Roger understand this. It showed core to be poor stewards of the bitcoin project, with a huge misunderstanding of some fundamental business concepts.
If CSW has the correct plan, why can't he or you just articulate why? Why does CSW have to just attack everyone verbally, and force everyone to follow him on faith instead of explaining his reasoning? I saw Amaury had asked for CSW's reasons for rejecting his proposals and CSW just banned him from the slack (or whatever tf it was). Why couldn't he just explain? If it made sense Amaury would agree, and even if he didn't most would. The community split because CSW refused to treat anyone with any common decency.
Instead of avoiding a split and keeping everyone together, he refused to be nice. He would rather split the community, have to rebuild all of the network effects for SV, losing a huge amount of adoption and community, than just be nice and explain? Why?
He could have had the whole bitcoin cash community, but simply explaining what he means and being nice was too high a price to pay. Can't you see that this makes him a terrible steward of the bitcoin project?
He is like Howard Hughes, incredibly intelligent, but working as hard to undermine himself as he is to achieve something.
I support ABC, but I'm not selling my SV, if you guys can do it, great. I only support ABC because SV has given me no reason whatsoever to support them, just threats and confrontation.
I've been in bitcoin from 2012. Bitcoin Cash gave me renewed hope but I am in despair at the moment. I do doubt that bitcoin can ever actually make it now. What if he causes another contentious split? Will you learn the second time? Why is his behaviour ok? How are you going to bring on, for example, BitPay or other big users? Is CSW going to go and tell them he has more money than them and that we don't need them? I'm all ears seriously. You clearly know something I dont
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zzvt4/ryan_x_charles_lets_talk/
Coinex withdrawal limit?
Anyone know what the limit for withdrawal is on coinex without providing ID? Cant find it anywhere
Thx
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zyzx5/coinex_withdrawal_limit/
Bitcoin Unlimited - Bitcoin Cash edition 1.5.1.0 Release candidate 1 has just been released
Download the latest Bitcoin Cash compatible release candidate of Bitcoin Unlimited (1.5.1.0-rc1, November 23th, 2018) from:
https://www.bitcoinunlimited.info/download
This is a main release candidate of Bitcoin Unlimited compatible with the Bitcoin Cash specifications you could find here:
- https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/uahf-technical-spec.md (Aug 1st '17 Protocol Upgrade)
- https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/nov-13-hardfork-spec.md (Nov 13th '17 Protocol Upgrade)
- https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/may-2018-hardfork.md (May 15th '18 Protocol Upgrade)
- https://github.com/bitcoincashorg/bitcoincash.org/blob/master/spec/2018-nov-upgrade.md (Nov 15th '18 Protocol Upgrade)
This release candidate is compatible with both Bitcoin Cash and SV changes to the consensus rules. SV features set is disabled by default, the default policy is to activate the set of changes as defined by the bitcoincash.org.
Although this software has passed normal QA tests, it is currently undergoing longevity testing to validate stability. If you are looking for the most stable software, use the last Official Release (i.e. 1.5.0.2).
List of notable changes and fixes to the code base:
- 10x transaction processing performance
- Extended version message: xversion
- adding a checkpoint at height 556767 both for the SV and the BCH chain
Release notes: https://github.com/BitcoinUnlimited/BitcoinUnlimited/blob/dev/doc/release-notes/release-notes-bucash1.5.1.0-rc1.md
Since this is a release candidate and not an official release the Ubuntu PPA repository is not going to be updated.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zys6o/bitcoin_unlimited_bitcoin_cash_edition_1510/
SV's "definition of winning" is a successful split #NOSPLIT
Our definition of winning is SV existing, which was not what ABC wanted, and we are already moving on to grow the ecosystem.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zy3yz/svs_definition_of_winning_is_a_successful_split/
How to Split ABC/SV from paperwallet?
Can you help me to split coins from the hardfork from my paperwallet? I have no idea how to do that without losing any. A step by step guide would help everyone who has less technical knowledge.
I have another question. How can I split coins from a mobile wallet which is now only compatible with one side of the fork. I tried to import the seed with electron cash, but after importing the balance shows 0.
I guess this will help everyone who doesn't know how to split coins.
Thanks in advanced.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zy7l4/how_to_split_abcsv_from_paperwallet/
Calvin's Evolution
In the past WEEK, Calvin has progressed from claiming he would follow ABC as the longest chain, to stating that the war would not end without nChain being victorious, to trying to rebrand BCH to BAB, to asking for detente in exchange for abandonment of the BCH ticker, to saying that both chains can survive if ABC just implements replay protection...
Does any of this sound like the well-laid planning of a confident man who knows what he's doing?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zxriq/calvins_evolution/
Crypto Market Crash Continues, Immediate Relief Not In Sight
The crypto market crash continues as a cash war comes to an end with no repose. Two factions tried to take over the control of Bitcoin Cash that is the world’s fourth-largest cryptocurrency and the network. The value of Bitcoin slides by nearly 50 percent of its original value. The two factions being Bitcoin SV and another faction called ABC. However, the dust appears to be settling for now. Bitcoin SV is seen to be on the losing end.
Bitcoin Continues To have Fall
Lately, the crypto market crash news is making waves in the financial sectors across the Globe. Bitcoin SV no longer wants the name Bitcoin Cash but has chosen to opt out of it. They wish to support their own version of the network. ABC will be in charge of Bitcoin Cash. ABC won the race, due to the support it received from the Nakamoto consensus, which is basically the network of computers that supports the Bitcoin Cash. However, there are networks such as Ayre’s Coin Geek that will continue to support SV. Though the contest is resolved, the value of Bitcoin is down by more than 5 percent in the past 24 hours. Bitcoin has lost more than 30 percent of its value since November 14, Bloomberg reported.
The crypto market crashes on November 2018, when Bitcoin was down 40 points. There has been a constant downward trend in its value since last December and this trend has become quite persistent. This is more pronounced after the futures exchange launched on CME. In early 2018, the currency peaked north of $17,000. But today the same is trading 75 percent below the value at $4,400. However, some Cryptocurrency traders are optimistic though, as they feel that, long-term investors are more equipped to handle this plunge and certainly they will wait for the price to rebound, Bitcoin Altcoin News reported.
The post Crypto Market Crash Continues, Immediate Relief Not In Sight appeared first on OWLT Market.
from OWLT Market https://ift.tt/2BuRItX
via IFTTThttps://ift.tt/2OlCCL9
Where were the people behind nChain/CoinGeek during the great scaling debate and Blockstream takeover? Instead of fighting that group, they instead chose to only get involved recently and then attack the very people who saved us from the Bitcoin Core stranglehold.
Pwnd
 |
submitted by /u/MemoryDealers [link] [comments] |
source https://www.reddit.com/r/btc/comments/9zxjtf/pwnd/
Can someone make a pinned PSA that specifies which services no longer work on Bitcoin Cash?
I'm aware of moneybutton, yours, and (edit: memo.cash?) but I think there are several other services that no longer work on Bitcoin Cash but only on BSV. Is there a master list? Can we sticky it?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zx2yp/can_someone_make_a_pinned_psa_that_specifies/
Investors Are Laying Hands on Different Blockchain Projects
Recently one can see a new trend among the investors and that is to make investments in different Blockchain projects. Early this year, the investors laid their hands on one of the top messaging operator – The Telegram. It eventually raised more than a billion dollars, in a bid to start its very own Blockchain. Very recently, the company has released a status update on the development of TON (Telegram Open Network). Though the matter was reported by a section of Russian Media, the circular was never published. There are many aspects of the project, which are around 90 percent complete.
Investment In Blockchain Projects – A lucrative business
Though the Blockchain project is overall 70 percent complete, it is impossible to predict now, as to how well it will work, when it goes live. One thing is certain, that TON will host many other cryptocurrency applications on its network. TON Virtual machine, which is an essential component needed for execution of smart contracts is supposed to be fully tested. However, the software development for block generation and validation is still much farther away. The validator software is just 10 percent complete. However, it must be born in mind that, that a big difference exists between what is there on paper and the actual world, the block crypto reported.
Blockchain projects are used for different purposes. Recently, in South Korea, Blockchain technology is being used to track beef. Blockchain has found importance with the South Korean government. The Government has earmarked a huge amount in the budget of 2019, in eight critical sectors that include Blockchain, Big Data and Artificial Intelligence. The technology is seen as having the potential to transform the world. Blockchain technology is even used in the country to pay out insurance claims. Blockchain technology now features in the syllabus of recently introduced courses in South Korea, according to a report by CCN.
The post Investors Are Laying Hands on Different Blockchain Projects appeared first on OWLT Market.
from OWLT Market https://ift.tt/2r2Wucj
via IFTTThttps://ift.tt/2OlCCL9
Which of your guys and gals actually run online businesses that take crypto as payments...
And what is the approx % of the sales by the top 5 currencies you accept ?
i am guessing BCH SV wont be on many if any of the lists! :)
but i am curious to see which types of industries prefer which coins if there is any correlation that is
(btw also posted on r/bitcoin for a true comparison)
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zw45f/which_of_your_guys_and_gals_actually_run_online/
(ATTN Wallet Devs) Wallet support for "op_return" parameter in bitcoincash: URI's
Electron Cash has recently added support for "op_return" parameters in bicoincash: style URI's.
https://github.com/Electron-Cash/Electron-Cash/commit/530b84e62f584380c1e9eedb80a28c652f77b737
The use-case for this is that it allows one to track a particular wallet address for a transaction without having to act as a mediator of exchange (i.e. first receiving the payment to a controlled address and then forwarding it to the target address). Acting as a mediator of exchange carries high risk (potential for forwarding service to get hacked) and introduces a lot of technical overhead.
There are a few projects I'm working on that require this functionality and it opens up quite a few new use-cases.
- Comments service - Here I'm referring to something similar to Disqus. A user types a comment on a page, but in order for that comment to be submitted, they must scan a QR code and post it as a BCH transaction. The URI might look something like: bitcoincash:qqelaxzt50r0r789df90f0njrpnfp3apk56dt2nk5m?op_return={SHA256(URL)}_I%20really%20like%20this%20movie
- Accounting - Similar principle to how current Direct Deposit works. Attaching an ID for the reciever so that they can identify the transaction.
- Memo.cash - Great service, but in a similar manner to how Twitter contains a "Share" button with pre-filled text, this would allow a user to simply scan a QR code and "share" a comment natively through their wallet application.
If wallet developers could consider adding support for this, it'd be much appreciated.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zv4zv/attn_wallet_devs_wallet_support_for_op_return/
Largest Historical Decline in Hashrate Difficulty
I haven't seen any talk about this, but when examining the data for hashrate difficulty it appears notable that for the entire history of bitcoin the difficulty of the hashrate has remained on a steady incline save for two low magnitude dips up until late October/early November of this year when there begins an ~11% decline in the past six weeks with a further projected decline of ~10% at the next retarget.
Now, I can't quite put it all together and see how it's all connected. There was a similar difficulty at a similar fiat equivalency 08/17 but on the other hand the difficulty continued to scale up despite the large magnitude decline from the peak to the largely stable period of 6k.
I can't seem to find (or am not making a connection to) the volume of miners, although I'm not certain if there a correlation.
How is this all connected and what does it portend?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zvih9/largest_historical_decline_in_hashrate_difficulty/
Crypto Conjecture For November 23, 2018
Bitcoin Price Analysis [BTC]
Daily Chart:
On November 23, 2017, Thanksgiving Day, Bitcoin’s price was trading around $8,000 – up nearly double in value from the start of the prior month, when Bitcoin was trading in the low $4,000s.
Now Bitcoin price declined towards $4,000 before buyers appeared against the US Dollar. BTC/USD could correct higher towards the $4,750 or $4,800 resistance.
Yesterday, we discussed that bitcoin price could tumble towards the $4,000 support area against the US Dollar. The BTC/USD pair did decline further and traded below the $4,500 and $4,400 support levels.
The price fell close to the $4,000 level and a new multi month low was formed at $4,038. Later, the price corrected above $4,200, but it is still well below the 100 hourly simple moving average. The recent upside move was positive since the price broke the $4,400 resistance.
Moreover, there was a break above a major bearish trend line with resistance at $4,451 on the hourly chart of the BTC/USD pair. The pair even traded above the 50% Fib retracement level of the recent decline from the $4,763 high to $4,038 low. It seems like the price may correct further towards the $4,750 level in the near term. An immediate resistance is $4,600 and the 76.4% Fib retracement level of the recent decline from the $4,763 high to $4,038 low.
Above $4,600 and $4,750, the price could test the $4,800 resistance.
Looking at the chart, bitcoin price seems to be correcting from the $4,038 low. In the short term, there could be a recovery towards $4,800, but any further gains are likely to be contained below $5,000. The MACD for BTC/USD is back in the bullish zone.
The RSI is currently just above the 50 level. Major Support Level – $4,220 Major Resistance Level – $4,800
Ethereum Price Analysis [ETH]
Daily Chart:
After forming a decent support base around the $122 level, ETH price started a recovery against the US Dollar.
The ETH/USD pair recovered above the $125 and $130 levels to move into a short term positive zone. Later, the price gained traction and moved above the $131-132 zone. Besides, there was a break above the 50% Fib retracement level of the last drop from the $146 swing high to $122 swing low.
More importantly, yesterday’s major bearish trend line was breached with resistance at $132 on the hourly chart of ETH/USD. The pair is currently placed nicely above the $132 level, with a bullish angle. If the price gains traction, it could surpass the $140 resistance. It represents the 76.4% Fib retracement level of the last drop from the $146 swing high to $122 swing low. Above $140, the next resistance is at $146 and the 100 hourly simple moving average. Finally, the main resistance is positioned near the $150-151 zone.
At this chart, ETH price could correct further higher towards $140 and $150 in the near term. However, the $150-151 zone is likely to act as a strong barrier for buyers. On the downside, an initial support is at $130, below which the price may decline to $124.
The RSI is currently placed nicely above the 50 level. Major Support Level – $130 Major Resistance Level – $151
Ripple Price Analysis [XRP]
Daily Chart:
XRP/USD may soon make the next move either above $0.4500 or towards $0.4000.
Yesterday, we discussed that ripple price may correct higher above $0.4200 and $0.4300 against the US Dollar.
The XRP/USD pair did recover higher after trading as low as $0.4011. It moved above the $0.4180 resistance and traded with a positive bias. During the upside, it broke the 23.6% Fib retracement level of the recent decline from the $0.5180 high to $0.4011 low.
However, the price faced a strong resistance near the $0.4500 zone, which was a support earlier. There were a couple of attempts to trade above $0.4500 and $0.4520, but buyers failed.
An intermediate resistance is the 50% Fib retracement level of the recent decline from the $0.5180 high to $0.4011 low at $0.4590.
At this chart, ripple price seems to be preparing for the next break either above $0.4500 or below $0.4280. If there is a downside break, the price could trade below the $0.4250 and $0.4120 support levels. The main support is at $0.4000 and the key resistance is at $0.4500.
The RSI for XRP/USD is just near the 50 level. Major Support Level – $0.4280 Major Resistance Level – $0.4500
Litecoin Price Analysis [LTC]
Daily Chart:
Yesterday, November 21, the price of Litecoin was in a sideways trend. The digital currency fell to the low of $33.36 and commenced a range bound movement at the same price level. The crypto’s price no longer follows the bearish pattern of lower lows and lower highs.
Price was ranging at the $33 price level in the last three days. The crypto’s price has broken the 12-day EMA and it is in a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.
Ranging Resistance Levels: $34.20, $37, $42
Support Levels:$30, $28, $26
The post Crypto Conjecture For November 23, 2018 appeared first on OWLT Market.
from OWLT Market https://ift.tt/2Bvkn22
via IFTTThttps://ift.tt/2OlCCL9
Now could be one of the absolute best times to get into BCH. With the recent split and crypto market at its low, BCH is undervalued more than other cryptos. Why I am accumulating now | Timing the Bottom | How Many Different Cryptos Should You Own? | Dollar-Cost Averaging Investment Technique
Difficult confession but true: I've spent 200k usd to get rid of CSW ...
… and it was worth every single penny. My bags dropped to the shitter but I'm so happy this mofo is finally out. He and his cronies with that fake 5 million pounds prize and all that scam bullshit. OUT!!
Don't forget to subscribe to /r/BullShitVision and get the first butt reorg for free!
[link] [comments]
source https://www.reddit.com/r/btc/comments/9ztv6y/difficult_confession_but_true_ive_spent_200k_usd/
A better anti-reorg algorithm using first-seen times to punish secret/dishonest mining
Yesterday, I came up with a new algorithm for making secret reorg attacks very expensive and difficult to pull off. This new algorithm is designed to avoid the permanent chainsplit vulnerabilities of ABC 0.18.5 while being more effective at punishing malicious behavior.
The key to the new algorithm is to punish exactly the behavior that indicates malice. First, publishing a block after another block at the same height has arrived on the network suggests malice or poor performance, and the likelihood of malice increases as the delay increases. A good algorithm would penalize blocks in proportion to how much later they were published after the competing block. Second, building upon a block that was intentionally delayed is also a sign of malice. Therefore, a good algorithm would discount the work done by blocks based not only on their own delays, but the delays that were seen earlier in that chain as well. Since the actions at the start of the fork are more culpable (as they generate the split), we want to weight those blocks more heavily than later blocks.
I wrote up an algorithm that implements these features. When comparing two chains, you look at the PoW done since the fork block, and divide that PoW by a penalty score. The penalty score for each chain is calculated as the sum of the penalty scores for each block. Each block's penalty score is equal to the apparent time delay of that block[1], divided by 120 seconds[2], and further divided by the square[3] of that block's height[4] from the fork.
This algorithm has some desirable properties:
- It provides smooth performance. There are no corners or sharp changes in its incentive structure or penalty curve.
- It converges over very long time scales. Eventually, if one chain has more hashrate than the other and that is sustained indefinitely, the chain with the most hashrate will win by causing the chain penalty score for the slower (less-PoW) chain to grow.
- The long-term convergence means that variation in observed times early in the fork will not cause permanent chainsplits.
- Long-term convergence means that nodes can follow the standard most-PoW rule during initial block download and get the same results unless an attack is underway, in which case the node will only temporarily disagree.
- Over intermediate time scales (e.g. hours to weeks), the penalty given to secret-mining deep-reorg chains is very large and difficult to overcome even with a significant hashrate advantage. The penalty increases the longer the attack chain is kept secret. This makes attack attempts ineffective unless they are published within about 20 minutes of the attack starting.
- Single-block orphan race behavior is identical to existing behavior unless one of the blocks has a delay of at least 120 seconds, in which case that chain would require a total of 3 blocks to win (or more) instead of just 2.
- As the algorithm strongly punishes hidden chains, finalization becomes much safer as long as you prevent finalization from happening while there are known competitive alternate chains. However, this algorithm is still effective without finalization.
I wrote up this algorithm into a Python sim yesterday and have been playing around with it since. It seems to perform quite well. For example, if the attacker has 1.5x as much hashrate as the defenders (who had 100% of the hashrate before the fork), mine in secret for 20 minutes before publishing, and if finalization is enabled after 10 blocks when there's at least a 2x score advantage, then the attacker gets an orphan rate of 49.3% on their blocks and is only able to cause a >= 10 block reorg in 5.2% of cases, and none of those happen blindly, as the opposing chain shows up when most transactions have about 2 confirmations. If the attacker waits 1 hour before publishing, the attack is even less effective: 94% of their blocks are orphaned, 95.6% of their attempts fail, 94.3% of the attacks end with defenders successfully finalizing, and only 0.6% of attack attempts result in a >= 10 block reorg.
The code for my algorithm and simulator can be found on my antiReorgSim Github repository. If you guys have time, I'd appreciate some review and feedback. To run it:
git clone https://github.com/jtoomim/antiReorgSim.git cd antiReorgSim python reorgsim.py # use pypy if you have it, as it's 30x faster
Thanks! Special thanks to Jonald Fyookball and Mark Lundeberg for reviewing early versions of the code and the ideas. I believe Jonald is working on a Medium post based on some of these concepts. Keep an eye out for it.
Note 1: This time delay is calculated by finding the best competing chain's last block with less work than this one and the first block with more work than this one and interpolating the time-first-seen between the two. The time at which the block was fully downloaded and verified is used as time-first-seen, not the time at which the header was received nor the block header's timestamp.
Note 2: An empirical constant, intended to be similar to worst-case block propagation times.
Note 3: A semi-empirical constant; this balances the effect of early blocks against late blocks. The motivation for squaring is that late blocks gain an advantage for two multiplicative reasons: First, there are more late blocks than early blocks. Second, the time deltas for late blocks are larger. Both of these factors are linear versus time, so canceling them out can be done by dividing by height squared. This way, the first block has about as much weight as the next 4 blocks; the first two blocks have as much weight as the next 9 blocks; and the first (n) blocks have about as much weight as the next (n+1)2 blocks. Any early advantage can be overcome eventually by a hashrate majority, so over very long time scales (e.g. hours to weeks), this rule is equivalent to the simple Satoshi most-PoW rule, as long as the hashrate on each chain is constant. However, over intermediate time scales, the advantage to the first seen blocks is large enough that the hashrate will likely not remain constant, and hashrate will likely switch over to whichever chain has the best score and looks the most honest.
Note 4: The calculation doesn't actually use height, as that would be vulnerable to DAA manipulation. Instead, the calculation uses pseudoheight, which uses the PoW done and the fork block's difficulty to calculate what the height would be if all blocks had the fork block's difficulty.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zrmtx/a_better_antireorg_algorithm_using_firstseen/
One Thing I Learned from The Hashrate War: Electron Cash is a Nifty Wallet :-)
Supports Ledger, Trezor, forked coins, multiple wallets, and lots of other nice features. Kudos to the developers!
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zs5zy/one_thing_i_learned_from_the_hashrate_war/
Hey guys, just a reminder workingForBitcoins.com is still free to use, no fees of any kind. If you post a job here, I even personally help you find freelanccers to complete your job. Please consider checking it out. Thank you.
Friday, 23 November 2018
Why do we have 50 posts about Calvin and SV again? ... To me it looks like some folks are deliberately trying to keep this topic alive to create artificial drama!
Education is a system of imposed ignorance
Hello BCHes,
Please read. I come in peace. I have a few suggestions for this sub.
Either we want to acknowledge or not, Bitcoin is not that big. We are still in its infancy. Yeah, there are a lot of people out there that have heard about "Bitcoin", but most of them don't understand the technology behind and don't understand what it will do for planet Earth.
Now, I have been in Bitcoin since 2011. I don't care if you believe me or not, but I want you to understand that I've been with most of you thru all of this. What I want to talk about is we are now ongoing into a full on War on Perception. There is too much information out there and all these newbz don't even know where to start. That’s why they will get sidetracked with all kind of misinformation.
The other sides (cough you know of whom I speak) understand this and that's why they are ramping up the brainwashing with "official news", 1984 double-speak, creating a walled garden and banning the "non-believers".
I got the inspiration for this thread from my discussion with newbs on Twitter and this newb here on reddit just a couple of days ago ( please check the link to understand what the rest of this thread is about):
https://old.reddit.com/r/btc/comments/9z56go/bch_has_already_won_the_bsv_camp_just_havent/ea6w1ri/
See how grateful this newb was that somebody took the time to put all the information into perspective and created a timeline for him to follow???
I see a lot of newbz that have absolutely no idea what the F they are talking about, but they read some shit news(CG) about this technology and now they know everything... They don't even know 1% of the history, or technology for that matter, and I think it's time we get dropped some MF knowledge.
I have visited all the links on r/btc front page and most of them lead to good websites that do indeed have a lot of information. What we are missing is a TL;DR version that should be Stickied on the front page, first link so that everybody new that comes here can have a good read. If we provide that I think we can get rid of a lot of trolls and get rid of a lot of misinformation.
For the last week, I've been battling this misinformation, but I can't stay and do this all day: "I got shit to do man!". If you look at my posting history you'll see that the last time I was this active was last year after the fork happened. I see now the same things I saw then, a lot of misinformed sheep that are blindly following the trolls.
HOW do we fix this?
We stick an ELI5 as the first link on this sub. Even if we have some information on the right side, most of them won;t go there. Why? Because people are lazy/dumb/uninformed ( sorry if this breaks any rules, but it;s the MF truth) and don't like to do their own research.
So we will provide this for them in an orderly and easy to read manner. That way all noobs will go to the first link and we will provide the history in an easy to read ELI5.
We need something that is ELI5 so that everybody understand what the F is going on.
The reason this:
https://hackernoon.com/the-great-bitcoin-scaling-debate-a-timeline-6108081dbada?1=1
and this:
https://www.removeddit.com/r/BitcoinMarkets/comments/6rxw7k/informative_btc_vs_bch_articles/
and this:
https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43
got so many views and started so many discussions is because they are written in an easy to read and understand ELI5 language. I know most of us ( at least the OGs ) are technical and can understand the nuances of what Bitcoin is, does and where it’s going, but the rest of the world isn’t. It’s our job to make them understand what Bitcoin is. If we let them astray, they will get brainwashed by Alts and CSW ( as we have seen, in the last year, he has gathered a lot of NON-Technical followers because sheep just follow )
OK MF you got my attention!!!!
How does your dumb bottocks propose we do this?
Well funny you should ask. I got just the dumb plan on how to do this: We write an ELI5 to Bitcoin that is funny and interactive!!! Something that will keep them engaged while also dropping some MF knowledge. That MF easy.
We need a good introduction. Smth like this: “In the begging we had the FED, fractional reserve banking and FIAT currencies. Satoshi group unilaterally agreed this was a bad idea and decided there was a need to change the way this works. We need to create a system that provides financial sovereignty to the people of Earth. Just like we had to separate Church and State, we need to separate Money and State in order for our civilization to thrive and reach the stars ( make it Sci-Fi. People love that shit) So the Satoshi group came up with this technology that solves an old "Byzantine generals" problem ( we link some wikipedia stuff ) and they called it simply Bitcoin.”
We then do a quick recap of the early attempts of creating crypto-currencies and why they failed. We don’t need a lot of text here because it doesn’t matter for them. Just something to make them understand that there have been people working on this for a long time.
Then we start dropping the knowledge from Singularity;s, John Block and etc… to make them understand how Blockstream tried to take over BTC by adding SegWit. Then we just add more information until we get the how nChain tried to take over BCH and how they got their asses handed to them. We can add videos ( like this one: https://www.youtube.com/watch?v=By0w43NQdiY ), external links and all that jazz to make them understand what the F actually happened from 2009 until present day. Of course we can keep adding information and videos, but we should start with the bare minimum for all newbz to understand.
Hope you get the gist of what I’m trying to accomplish. Mods I’ll need a lot of help from you because I’m sure you have more knowledge than me. I have a lot of links and other things I can post, but I tried to make this as short as I could.
If people are into this, I can dedicate as much time as I have to this. Because I MF love BCH. I love this community and nobody will take the dream of P2P Electronic Cash from me.
Please respond with your thoughts on this, I will need a lot of input from the community about how they want to go with this.
All the best,
Bitcoin as Cash for planet Earth dreamer
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zpg6m/education_is_a_system_of_imposed_ignorance/
Reminder that CSW was against replay protection
https://youtu.be/Fnld0M6ot3k?t=89
"The way it was done was wrong. They put in replay protection"
And now they want replay protection...
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zp281/reminder_that_csw_was_against_replay_protection/
Bitcoin Cash is under active economic attack.
There's more to the current price action than the usual bear market decline, and it's being used by the enemies of Bitcoin Cash to add insult to injury.
- Many exchanges are still disallowing withdrawals, and are requiring unjustifiably long confirmation times for deposits, if they're allowing deposits at all. [No good reason for this thanks to reorg protections - shouldn't be > 10 blocks]
- The 24hr exchange volume is still 1/10 of normal, likely as a result of decreased liquidity resulting from 1.
- Many exchanges are actively sowing confusion by changing the Bitcoin Cash ticker.
- Due to the low exchange volume, the price of Bitcoin Cash can be pushed around fairly easily - and those who would like to see it eliminated have deep pockets.
- The centralized managers of the BSV chain have yet to retract their threats against Bitcoin Cash [even though these threats are against their own economic interests. Do they have an external source of funding or just inflated egos and cash to burn?].
- The threats are depressing the price of bitcoin cash, since the most profitable coin to be mined (BTC) must be ignored to defend BCH against attack. This is a waste of resources. Roger Ver, for example, said he normally uses the BTC he earns from mining to buy BCH, but he can't do that at the moment because he's forced to mine BCH at a loss for the time being.
- A combination of reduced liquidity, uncertainty, and a price decline worse than the average is scaring off potential investors or even casual users.
- The enemies of Bitcoin Cash are gleefully claiming that Bitcoin Cash is dead, that the price can never recover, or are pretending to be supporters who - with great sorrow - must finally admit to having been wrong and that bitcoin cash is, indeed, doomed after all.
What can we do about it? Know that no attack can go on forever. The BSV guys are already showing signs of wanting to give up. The exchanges can't keep up the charade that Bitcoin Cash isn't safe for much longer, especially once the BSV team are gone. Support exchanges that are doing things right, like Kraken and Bittrex. It might take a while for confidence to be restored, but when it does, in the worst case a recovery to market avg will occur in the near term, in the longer term the ratio should return to 0.10-0.15 BTC IMO, and in the really long term (>1 yr) the sky's the limit.
This storm will pass like others before it. I've been around for a long time and have seen some serious shenanigans, and each time the attack feels like the worst ever. But Was mich nicht umbringt, macht mich stärker. - Nietsche - Götzendämmerung
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zo898/bitcoin_cash_is_under_active_economic_attack/
Angel Versetti: "I wouldn't compare the current state of Bitcoin to the dot-com bubble. I do not believe we are, or were, anywhere close to a bubble with cryptocurrency." - The Independent (UK)
If BSV had 95% of SHA256 can you imagine any of the creative open-minded and resourceful people who got crypto to where it is today wanting to be involved with CSW and Calvin?
Besides MB which is beyond me.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zmw2o/if_bsv_had_95_of_sha256_can_you_imagine_any_of/
It's about time we move on from this "war" thing.
It's been more than a week, most BCH supporters are sick and tired of this shit.
We got our tickers back (mostly). Exchanges are slowly reopening. Some businesses followed along and didn't face much trouble (thanks Coinpayments.net and Lamassus), some others were more cautious, and some went to BSV and are now dysfunctional, waiting to be revamped. It's all okay, people have free will.
And now that outright sabotage and terrorism has been apparently called off - not that "we" will "add" replay protection and fuck with our merchants, the side with less economy do it - I think it's time to move on. Be nice to BSV supporters. You and I might not agree with what they stand for nor think they made a wise choice, but guess what? People are free to choose what they want. They should go ahead, test out their hypothesis, and we can keep building and adoptioneering while waving them goodbye.
BSV will be an interesting experiment to observe. Let's not become the Core trolls of yesteryear, let's be nice to each other. If you see bitter and trollish BSV supporters, downvote and move on, don't feed them.
In case any of them (except the most malicious and sockpuppetry of them all) wants to come back, welcome them. Keep their past decisions in mind, but also don't give them a hard time. Many were confused by malicious rhetorics, especially among the less technically informed, and BCH is for #everyone.
Take the high road. It's rare in crypto, and I think it's gonna work out in the long run.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9znvui/its_about_time_we_move_on_from_this_war_thing/
BSV is amazingly similar to the modus operandi of Blockstream rising to ruling over.
They literally create for themselves a market share out of thin air by employing an army of professional astroturfers who focus on social media where they can be appear to be a legit coin with a real user base and you can see it right now in places like /biz/. That tactic was so effective for them in r/Bitcoin and bitcointalk they repeat it in all force.
Do not underestimate the threat nChain was making they'll keep fighting no matter how long it takes for them to take over Bitcoin Cash and judging by how they run the op so far they know what they're doing and are well funded.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zmt4z/bsv_is_amazingly_similar_to_the_modus_operandi_of/
World money means unifying not splitting.
Ryan X Charles said that we should unify, not split.
https://youtu.be/aBvQGN-_b3w?t=22
Now it is clear that Calvin wants to split. Will Ryan denounce him?
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zo0b9/world_money_means_unifying_not_splitting/
When will the hurting stop ?
At the risk of sounding like a troll or a shill, does anyone still believe BCH is going anywhere but down?
I got into Bitcoin years before the bubble, and accumulated a fair share. When BCH forked I believed in it, and put my money where my mouth is.
But, we have been bleeding virtually the entire time. There was a little bit of up, but most of it has been slowly but surely going down to zero.
As I also work in the cryptosphere, over the past year I've regularly talked with several big Bitcoin people. And while it seemed a constantly uphill battle, I was even able to convince some of them of the merits of BCH vs BTC. It's amazing how firmly lodged the core narrative of on-chain scaling being impossible, store of value, etc, is in otherwise reasonable people. If anything, this has gotten worse over time, not better (it feels like the other side is slowly winning that one).
This fork seems to have shredded the last bit of the confidence. I reluctantly follow ABC, because CSW and Ayre have completely lost it, but its not like Amaury is a shining example of sound reasoning or making good decisions. The egos are clashing while nobody involved seems to actually be worth their ego, and nobody seems to care about the actual users of BCH. Development wise, we're now practically as centralized as core.
Mining wise, this fork shows just how easy it is to get >50% mining share on the BCH chain. We're a madman's click away from being fully centralized.
On technical merits, sure BCH is far beyond BTC. But it seems absolutely nobody outside of our little bubble here on /r/btc believes in it. Overall confidence in crypto is way down, and BCH worse than average. The price has been practically in free fall, volume is completely gone, nobody wants it, trouble aplenty. While everyone here seems positive and hopeful, BCH's relative value compared to BTC would need to double or triple from what it is right now to even being close to getting back on track. Does anybody honestly believe that will happen? How? What can possibly trigger this event? If I as an engineer who believes in the tech, a business man who has the funds to invest, and an idealist who believes in the ideas behind crypto, can no longer bring myself to see hope on the horizon, how will anyone else?
My belief in BCH has literally cost me over a million dollars compared to staying in the inferior BTC. I am nearly to the point where I'm going to have to sell everything to prevent running a loss (how ridiculous is that for someone who got in before the bubble). I'm not saying that to garner your pity - while I'm not a wealthy man I'm certainly not a poor one, and I'll be just fine. But absolutely everything points to BCH being a lost cause at this point.
CMV
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zmvlg/when_will_the_hurting_stop/
CoinGeek now feels there is no point in negotiating. If ABC puts replay protection in to permanently split the chains we will ensure that nobody bothers them again. They can keep BCH as BSV is not the original Bitcoin Cash its the original Bitcoin.
What's up with binance still not allowing deposit / withdraw of either BCH or SV?
I know they have differing names BCHABC and BCHSV for those coins, but isn't it about time to let people deposit / withdraw them? It's ridiculous. Just wait more confirmations like just about every other exchange if you're scared of a reorg.
[link] [comments]
source https://www.reddit.com/r/btc/comments/9zn3n5/whats_up_with_binance_still_not_allowing_deposit/
Subscribe to:
Posts (Atom)
-
Crypto is pretty much the only reason I used Reddit anymore, and I'd like to stop using this website. submitted by /u/TheTruthHas...
-
submitted by /u/FearlessEggplant3036 [link] [comments] source https://www.reddit.com/r/btc/comments/12gt49l/supposedly_insiders_in_t...
-
submitted by /u/KillerHurdz [link] [comments] source https://www.reddit.com/r/btc/comments/a6bm9y/discussing_bitcoin_power_dyn...
![[link]](https://i.redd.it/snhg0lkua9021.png){kind=link}
![[link]](https://i.redd.it/83vpnsfzx7021.jpg){kind=link}
![[link]](https://i.redd.it/t72ifrblh6021.jpg){kind=link}
![[link]](https://i.redd.it/rs49vxf406021.jpg){kind=link}
![[link]](https://i.redd.it/j2p7otaw94021.jpg){kind=link}
![[link]](https://i.redd.it/yl7wvcw492021.png){kind=link}
![[link]](https://i.redd.it/2rizr8p7s3021.gif){kind=link}
![[link]](https://i.redd.it/i8d04qn924021.png){kind=link}