Crypto 360°: 2018-12-02

Saturday, 8 December 2018

I cant seem to find the excerpt in the whitepaper which calls for lawsuits when you disagree with consensus of the network? Are we sure that was in Satoshi's Vision?

submitted by /u/guyfawkesfp
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source https://www.reddit.com/r/btc/comments/a4c8ez/i_cant_seem_to_find_the_excerpt_in_the_whitepaper/

"Bitcoin SV is government friendly"

submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/a4co8c/bitcoin_sv_is_government_friendly/

[US Department of Homeland Security officials have] had great success with tracking and analyzing Bitcoin transactions already. They are now looking for similar solutions for tracking "privacy coins."

submitted by /u/pecuniology
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source https://www.reddit.com/r/btc/comments/a4c14f/us_department_of_homeland_security_officials_have/

The message is clear: Thou shalt not scale on the blockchain.

BTC was crippled by co-opting the dev eam (with the ~~excuse~~threat of 1MB change being contentious), thus the blockchain itself which is the primary permissionless part of Bitcoin was limited as to drive the bulk of the tx's to a 2nd layer which is less threatening to fiat.
Since BTC is open source and can be forked most of the resources were aimed at preventing hardforking from ever successfully happening and to force everyone into their standard of choice - the doomed to fail version of Bitcoin. When BCH forked it was the first real attempt threatening to break free from the chain they control.
nChain was created in advance in preparation to the eventuality someone will try to make a permissionless version outside their control and was meant to either try to take over the main client of the uncrippled chain ("fulfilling Satoshi's vision"), or to disrupt the chain if that fails.

nChain's endgame was to prevent BTC from hardforking successfully.

Any other chain which will stand a real chance to be uncrippled will suffer the same fate as BCH.

This isn't a conspiracy theory, it was done in some well known examples when standards were crippled to decrease their disruptive potential (e.g. https standard).

Some BTC supporters agree with the above and believe the powers that be are siding with BTC, but in reality what they're doing isn't helping BTC succeed but making it the only coin which could succeed in case people still want to use it crippled.

submitted by /u/unitedstatian
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source https://www.reddit.com/r/btc/comments/a4bwuy/the_message_is_clear_thou_shalt_not_scale_on_the/

What kind of vision? BSV -> BS-V

Words matters. Words are spells in our thoughts which affect our mind and thus how we view things around us. They are like code in our mental operating system. It's important that we know what code is running, who wrote it, what it does and why it's doing what it's doing.

From discussing the term "Satoshi's vision" in this thread, it has become abundantly obvious to me that the "Bitcoin SV" originators are attempting to cast a spell to covertly alter our thinking and thus our behaviour. It's an attempt to hack our thoughts.

As pointed out by u/jessquit in this brilliant comment, "Satoshi's vision" and "Satoshi's Bitcoin" are terms dating back to at least the inception of Bitcoin Cash. I'm pretty sure I've heard those terms used even before then to refer to the original guiding principles and goals of Bitcoin.

From here on out I am going to refer to "Bitcoin SV" (AKA "Bitcoin: Satoshi's Vision") as simply BS-V.

BS: bullshit.

V: vision

I don't think BS-V represents Satoshi's vision. Not the one that inspired me quite long ago now. I think it's the opposite: I think this bullshit vision (BS-V) is designed to damage, subvert and poison Satoshi's vision. I think BS-V is designed to damage the one crypto currency project which has the best chance at fully realising that vision: Bitcoin Cash.

If you share my beliefs about "Bitcoin SV", then consider joining me in use of the term BS-V to refer to it. I think most people will know that it refers to "Bitcoin SV" when they see it, as the popular "Bitcoin SV" ticker is "BSV". The addition of hyphen makes all the difference.

submitted by /u/hapticpilot
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source https://www.reddit.com/r/btc/comments/a4ci74/what_kind_of_vision_bsv_bsv/

Shammah Chancellor has left BitcoinABC

submitted by /u/shilch
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source https://www.reddit.com/r/btc/comments/a4ccl9/shammah_chancellor_has_left_bitcoinabc/

UASF shills discussing taking away miners' income by reducing BTC mining rewards; call each other liars and dishonorable for not paying on a wager they made; revenge stabbing discussed. Real shitshow in North Corea!

submitted by /u/BitcoinItch
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source https://www.reddit.com/r/btc/comments/a4ccs3/uasf_shills_discussing_taking_away_miners_income/

BCH App ‘Honest Cash’ Sees Significant Growth and Adds Native Wallet This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

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UnitedCorps Launches Suit Against BCH ABC Supporters. “Bitmain and Bitcoin.com Hijacked the Blockchain” This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

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Crypto Trader Still Long-Term Bullish After Bitcoin (BTC) “Bloodbath” This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

XLM Price Struggles to Reach $0.12 as Quick Gains Have Little Support This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

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Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’ This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

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Wendy McElroy: Avoiding Fraud by Going Crypto-Anarchist This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

Huobi Opens First Russian Office in Partnership with State Bank’s Digital Tech Center This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

Bitcoin Unlimited - Bitcoin Cash edition 1.5.1.0 Release candidate 2 has just been released

Download the latest Bitcoin Cash compatible release candidate of Bitcoin Unlimited (1.5.1.0-rc2, December 8th, 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 fixes since BU 1.5.1.0rc1:

Making Xversion more permissive in the initial handshake
Set Excessive Block Size (EB) properly while in SV mode
Ensure that blk files storage operate on an append-only basis
Various minor fixes/improvements to the python QA framework
Reduce the last of thinblock/preferential timer to 1 sec from 10 sec.
Fixed connection drop bug where a ping that happened soon after initial connection would be ignored, causing an eventual ping timeout.

List of notable changes to the code base since BU 1.5.0:

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-rc2.md

Since this is a release candidate and not an official release the Ubuntu PPA repository is not going to be updated.

submitted by /u/s1ckpig
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source https://www.reddit.com/r/btc/comments/a4bb2j/bitcoin_unlimited_bitcoin_cash_edition_1510/

Creating price-parity then holding it there

Whats the play here? Who's to gain?

submitted by /u/olarized
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source https://www.reddit.com/r/btc/comments/a4a4qf/creating_priceparity_then_holding_it_there/

"Bitcoin" was able to support $100 2013. Do you believe BCH captured more or less hodlers than we had in 2013...

The final fall of this bear market may begin with the BCH split, and end with $100 BCH.

Looks like we might be able to hold at $100, but everything is still bearish. Time for the old-hands to start playing maybe?

submitted by /u/braclayrab
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source https://www.reddit.com/r/btc/comments/a48dqn/bitcoin_was_able_to_support_100_2013_do_you/

Video Demonstrates Double Spending Possibility in Bitcoin Cash SV ‘0-Conf’ Transactions This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

3 Short-term Litecoin Price Predictions – 2018 Week 49 Edition This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

The Daily: Binance Offers Multiple Accounts, Huobi Plans Institutional Exchange This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

After being sore losers, Calvin & Craig are now trying to manipulate the cryptocurrency community with threats and lawsuits. Guys, you probably picked the worst target in the world for that. There won't be enough popcorn available to watch this go down

submitted by /u/money78
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source https://www.reddit.com/r/btc/comments/a4anlv/after_being_sore_losers_calvin_craig_are_now/

Coinbase planning to list 30 new coins and tokens

submitted by /u/DavidCBlack
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source https://www.reddit.com/r/btc/comments/a49f4o/coinbase_planning_to_list_30_new_coins_and_tokens/

Crypto Rankings Shake-up Follows Yesterday’s Market Crash as Bitcoin Stays Around $3,400 This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

Making $2,000 a Month With Cryptocurrency – Intra-exchange Arbitrage This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Chinese Internet Court Uses Blockchain to Protect Online Writer’s Intellectual Property This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

Decentraland (MANA) and Enjin (ENJ) are blazing a trail for crypto-infused gaming and Coinbase just took notice This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

WCX – Crypto Trading Platform – Full Review This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

3 Bearish Short-term Bitcoin Price Predictions – 2018 Week 49 Edition This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Electroneum Price Seeks Higher Ground Following Mining-related Announcements This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Totally organic market reaction to a one-sided hashwar perpetrated by Dr. Evil and funded by Ayre's debt to mr. tax man... /s

submitted by /u/unitedstatian
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source https://www.reddit.com/r/btc/comments/a49r42/totally_organic_market_reaction_to_a_onesided/

Electorneum Price Seeks Higher Ground Following Mining-related Announcements This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Bitcoin Rebounds to Reclaim $3,400 as Report Reveals Bithumb’s Involvement This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Bitcoin History Part 3: Turning on the Faucet This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]

Crypto Arbitrage Today: ZEC, TRX, XLM, EOS, DOGE, Dash This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Litecoin Price Drops Below $25 as Bearish Pressure Resumes This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Venezuela to Use Petro Cryptocurrency in International Oil Trade This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]

10 Things You Did Not Know About Ripple

Ripple provides banking sectors across 6 continents in over 40 countries with secure and cheaper payment network.

The popularity of Ripple has been upsurging in the cryptocurrency world due to its emerging features. It is termed as the powerful technology because it has the capacity to process 15,000 transactions per second. Most investors consider Ripple as the safest platform to invest because many banks are already using its network to transfer funds. It aims to power financial transactions across the globe.

Mentioned below are 10 things about Ripple you must know to build a strong transaction process in this platform in the long-run.

Ripple’s XRP

Pexels/Worldspectrum

Ripple’s XRP is an openly-traded cryptocurrency that facilitates transactions on the RippleNet. It is considered as a bridge currency to other currencies like USD, Yen, Litecoin and Bitcoin. It has regained its position as the world’s second largest cryptocurrency by total market capitalization as of December 2018. The current Market Cap of Ripple is $12,435,152,272 USD and circulating supply is 40,926,963,305 XRP.

XRP Wallet

Pexels/Pixabay

XRP Wallet store and secure funds. You can use mobile wallet on your smartphone and its examples are Toast wallet and Abra wallet. Desktop/web wallet is an app which can be downloaded on your computer and its examples are Rippex, Exarpy and CoinPayments. Hardware XRP wallet is tamper-proof USB devices that can be used to store money offline and its example is Ledger Nano S and paper wallet which is a piece of paper, having public and private keys printed out on them.

Ripple Gateways

Pixabay/PhotoMIX-Company

Ripple Gateways give customers an entry into the RippleNet to transfer their funds, both cryptocurrency and traditional currency. It allows deposits in a few cryptocurrencies (BTC, XRP, LTC, NMC, PPC, SLL and NXT) and fiat currencies (USD, NZD, NOK, JPY, CNY, GBP, CHF and EUR). Each currency has its own gateway on the RippleNet eg. Canadian Dollar (CAD) has CADBluzelle, USD has USD snapswap and Bitcoin has BTC bitstamp.

How To Buy XRP

Pixabay/kreatikar

Not all cryptocurrency exchanges have Ripple’s XRP; it is limited to crypto to crypto exchanges. Some of the famous exchanges that trade XRP/LTC are Bitsane and Mr.Exchange. A few exchanges that trade XRP/ETH are Binance, Bittrex, Gatehub, OKEx, Upbit and HitBTC. Some exchanges that trade XRP/BTC are Poloniex, Huobi, Bitfinex, Kraken and CoinEgg. You can buy Ripple with USD on Cex.io, Kraken and Bitstamp. You have to sign up before buying or trading XRP on these exchanges.

RippleNet

Pixabay/sumanley

RippleNet is a payment network created for banks and financial institutions. Some of the banks are Axis Bank, BBVA, MUFG, Yes Bank, SEB, eZforex and Cambridge Global Payments. It provides the single frictionless experience to transact money across the globe. Transactions are done within seconds despite frequent transactions on the network. It gives a low operational cost as well as low liquidity cost.

Ripple Protocol Consensus Algorithm (RPCA)

Pixabay/geralt

Ripple doesn’t work with Proof-of-Work (PoW) and Proof-of-Stack (PoS). It has its own patented technology known as Ripple Protocol Consensus Algorithm (RPCA) to verify transactions. The consensus makes sure that every node is in agreement with the rest and improves the integrity of the system as well.

Ripple Labs

Pexels/ Essow Kedelina

Ripple Labs, an American technology company, developed XRP and RippleNet. It was co-founded in 2012 by Chris Larsen and formerly known as OpenCoin. It is a privately funded company and has six rounds of funding viz., two rounds of angel funding, one round of seed funding, two rounds of Series A funding and one round of Series B funding.

Ripple Solutions

Pexels/ Christina Morillo

Ripple Labs provides three more solutions like xCurrent, xVia and xRapid along with XRP. xCurrent is a software used by banks to process payments for their customers. xVia enables payment providers and banks to send payments across networks in a completely transparent way. xRapid helps payment providers and other financial institutions to source their on-demand liquidity.

Ripple Can’t Be Mined

Pixabay/LauraTara

Unlike Ethereum and any other cryptocurrency, Ripple’s XRP can’t be mined because its existing single unit has already been created. It means that the currency doesn’t need to use electricity and the computing power to generate new coins.

XRP To Go Places

Pixabay/ar130405

The value of Ripple was around 4000% in the first half of 2017. At current, it is more than $7 billion dollars by the market capitalization. However, the future prediction for Ripple’s XRP depends upon various factors like the currency’s market capitalization, the number of investments, the system integration into banks and the technical development’s quality.

The post 10 Things You Did Not Know About Ripple appeared first on OWLT Market.

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[Delusion of the day] Calvin Ayre - The only way to limit liability now is to reduce damages by delisting illegal ABC and having BSV be fully functional as BCH.

submitted by /u/SouperNerd
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source https://www.reddit.com/r/btc/comments/a49c7b/delusion_of_the_day_calvin_ayre_the_only_way_to/

FR: Bought a beer with BCH last Thursday at Paris meetup 😄

Hey

Quick post to give you an update of the BCH meetup we had last Thursday.

First, I invite to use a new flag for our subreddit : field report (FR). The idea is to talk about what you have done, real life experience. I always felt that the BCH community was focused on action, since a year now I’ve tried to do my part here in France

@mods: could we please add a Field Report flair? :)

About the FR:

We had 5 people at the venue with one who was a BTC maximalist. I invited any BTC or BSV supporters to come to the BCH meetup for Christmas season. We had a great talk, I probably will try to interact more with the BTC and BSV community in France in order to achieve common goals :)
I could buy a beer with BCH even though the bartender lost 90% of BCH value since the beginning of the year.
We are trying to organize the meetup in France with the most active members. I’ve reached a point where it’s not effective to work on my own, we need to be better organized!

submitted by /u/coinfeller
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source https://www.reddit.com/r/btc/comments/a4997y/fr_bought_a_beer_with_bch_last_thursday_at_paris/

Investing in BSV...

Ayre Net Worth Down From $1.2B to $960MM

submitted by /u/throwaway725199
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source https://www.reddit.com/r/btc/comments/a483w6/investing_in_bsv/

Cryptocurrency Downturn: A Tough December All Around

Cryptocurrency Downturn

The cryptocurrency market is taking a tumble again today, marking another crypto downturn for what has been a tough December. BTC has fallen another 11% in the last 24 hours. It had previously fallen 8% only one week ago today.

At the time of writing, the world’s largest coin is selling for $3,287 USD.

Cryptocurrency Downturn

Ripple and Ethereum, the second and third largest cryptocurrencies by market value, have also declined in the last 24 hours. And the losses are great; XRP fell 10.16% and Ethereum an even bigger 15.56% according to Coinmarketcap.com.

...

Read The Full Article On CryptoCurrencyNews.com

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When interacting with SV supporters, please remember...

Being duped doesn't make someone a bad person, or an idiot. It just means that they got duped.

There is probably a surprising number of a real people who were just particularly susceptible to the pseudo profound bullshit consistently spewed by CSW.

http://journal.sjdm.org/15/15923a/jdm15923a.html

The CSW narrative is a tempting one, just like the one pushed by Blockstream. Someone can really, honestly think that they're being critically rational when, in fact, they're not.

Given that, there's no need to attack their characters; it just makes things worse. It convinces them that they're on the right side of things, defending it against the evil "other side" that just doesn't get it.

That means that we should either engage in an affirming, understanding way, or not at all.

I don't doubt that some number of CSW supporting accounts could actually not be genuine people. But it is literally impossible to tell the difference between a brainwashed real person and a paid shill, so please don't try, or bother making accusations. Either engage reasonably and calmly, for the benefit of the other person and those following along with the conversation, or not at all.

Thanks for reading.

submitted by /u/AD1AD
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source https://www.reddit.com/r/btc/comments/a47ny2/when_interacting_with_sv_supporters_please/