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Saturday, 29 December 2018
Use Bitcoin! Customers Condemn PayPal After It ‘Bans’ The Hacker News This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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Markets Update: Cryptocurrency Gains Start Lifting Confidence Among Traders 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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This experiment shows how some actual Reddit users have been manipulated into being shills. They are participating in "group think" and when confronted will sometimes react violently.
I am sure many have seen this experiment or experiments like it, but it's worth bringing up again.
https://www.youtube.com/watch?v=keBh_LK5Ha4
This is an experiment showing group think and crowd mentality. Humans will tend to conform. Here is how this same concept has been implemented on /r/bitcoin and caused users like /u/Bcoina to become rabid mindless toxic animals who attack anyone who points out flaws in their statements, designs or misrepresentations of apolitical articles.
- First, get your paid actors out there to spin a narrative. The latest one has been some users posting a 1 year old article about channel factories and claiming it is a proven scaling solution. It's not even supported within Blockstream. (Stand up, sit down)
- Ban all dissenting opinion from /r/bitcoin (Remove non-conformists)
- Remove the paid actors spinning the LN and Channel Factories narrative. Now you have a bunch of rabid LAMBO YOLO children who believe the entire /r/Bitcoin propaganda machine because they've never had or engaged with dissenting opinion.
- Watch those same fools become rabid violent trolls with no sense, reason, or care to actually understand technology, read source articles, etc. They just want to vomit up the narrative and attack those who are wrong.
The reason this stuck out to me is this user, /u/Bcoina, violently attacked me and other users in a thread where he intentionally and deceitfully misrepresented how Channel Factories work, or in the case of reality, could theoretically work, as an additional scaling possibility on BTC. It is a theory built ontop of another theory first working and being implemented on BTC.
He also mentions Eltoo which would require a hardfork to add in a new op code, which the article mentions and this same user attacked me on when I brought it up. Judge for yourself:
https://www.reddit.com/r/btc/comments/aae988/how_lightning_network_scales_for_the_world/ecrmw2z
For full transparency, here are his two sources which he linked, claimed to represent truthfully, but upon inspecting the source you can tell (since the writers are apolitical) that these are theories that are unproven. There is no Blockstream support for these theories yet, they are unsolved, and both have no corresponding BIP because they are depended on another theory (Schnorr sigs) working and being full implemented on the live chain. 18 months? We're talking years before they will even be able to test and see if these theories will even work. Representing these as scaling solutions is misrepresenting the truth at best and intentionally deceitful and manipulative at worst.
Do your own research, check the sources that get linked, and don't let them intimidate you. Some of these mindless rabid animals don't even realize what they're doing, they're just animals.
[link] [comments]
source https://www.reddit.com/r/btc/comments/aam4jm/this_experiment_shows_how_some_actual_reddit/
What is Bitcoin Cash’s main advantages over Monero?
I’ve been thinking about this a lot lately and wanted to know your thoughts. What advantage do we have over a native privacy coin with an opaque blockchain? I heard some Monero guys talk about how Bitcoin’s public addresses could theoretically be “tiered” and blocked in the future by certain main actors and it stuck with me. What drives people to work on BCH over XMR? Thanks!
[link] [comments]
source https://www.reddit.com/r/btc/comments/aamv7i/what_is_bitcoin_cashs_main_advantages_over_monero/
Major American Magazine Time Column Reports About Bitcoin’s Liberating Potential 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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Skeptical Payoneer CEO Dismisses Idea of Single Currency Like Bitcoin as Unrealistic 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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Splitting and selling coins without associating UTXOs with your identity
It's natural for people who support BCH over BSV post-split to want to sell their BSV coins (or vice versa). One significant problem is privacy concerns. If you had, say, 10 BCH utxos before the split and then use the common ways of splitting, it's very likely that it will become clear that all 10 of those utxos were controlled by the same person. If you then deposit the "other" coins to a KYC exchange, it's even worse because it's now clear precisely who owns the coins you didn't sell.
I do have some split coins, and could easily use those split coins to split the rest of my utxos, but doing so would associate all my utxos with the same dust and so with each other.
This made me think: someone should make a basic trustless service that does things like building splitting txs using some split dust. Since multiple people's utxos will be associated with the same dust the association would be misleading and unreliable. I didn't know of such a service, so I built one. While I was building it, I also added support for pushing txs onto the two networks and coordinating coinjoins. The coinjoin requires manual effort and would take place over days, but coinjoin is (IMO) the best trustless way to preserve privacy on transparent blockchains. I definitely think nicer, more user friendly coinjoin implementations for BCH or BSV will show up at some point, but in the meantime I wanted to provide some option for anonymous people to coordinate some coinjoins.
None of the services ask for anyone's private keys or ask anyone to send me their coins.
I imagine Alice and Bob using the service to split their utxos, then coordinating some coinjoins, and then selling the coins they don't want. Due to the common splitting dust being used by multiple people, and the coinjoins after the split, their remaining utxos on one chain would not be tightly linked to the utxos they sold on the other chain. It wouldn't be clear which unspent utxos belong to Alice, Bob, or someone else who used the service.
Now I'm in unfamiliar territory. I'm not starting a business. I'm not charging for the service. And I only plan to run it for two months. I must remain anonymous, so I can't go around talking about it. But I feel like posting about it myself, or posting an onion link (it's a tor hidden service) will be seen as advertising or "shilling." Well, if anyone does want the link then look at the "crosschain" account on memo.cash. Hopefully saying that is OK.
In addition to being privacy oriented (behind tor, no accounts), the service is nice in that everything you need to do is just using the standard client (.e.g., Bitcoin ABC or Bitcoin SV). You need to be able to run commands like decoderawtransaction and signrawtransaction from the console or command line.
I'd rather someone else post about it than me, of course. But I don't see how that would happen. Feel free to ask questions or give me advice about how to proceed.
TLDR: I made an anonymous service to help people split their coins without tightly linking their utxos on both chains, and now I don't know how anyone will know it exists.
[link] [comments]
source https://www.reddit.com/r/btc/comments/aal5in/splitting_and_selling_coins_without_associating/
AtomicPay For OpenCart Extension released as OpenSource. Over 340,000 merchants can accept BTC & BCH directly to their wallet without a middleman. Get it @ http://bit.ly/2TiqWuZ
What happens if you send a wire payment and the exchange pretends they didn't get it?
Just a hypothetical situation. If you happen to send a hefty wire to the exchange (them based in the same country as you), and they pretend they didn't get it cause they want to scam you, what are your options? Is there any way to get your money back through legal means, or just kiss your money good bye? (since wires are irreversible)
[link] [comments]
source https://www.reddit.com/r/btc/comments/aajyow/what_happens_if_you_send_a_wire_payment_and_the/
Tron (TRX) Hits Next Landmark Achievement: Justin Sun Confirms 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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Bitcoin Above $3,900 Again as All Top Cryptocurrencies See Gains 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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Hardware Bitcoin Wallets Hacked: The Importance Of Responsible Disclosure This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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The Daily: Wallet Hacking Debate Heats Up, Bitcoin-Based Patreon Alternative Emerges 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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VPN for BCH
Looking for best VPN available accepting BCH. nordVPN doesn't accept BCH.
Any thoughts?
[link] [comments]
source https://www.reddit.com/r/btc/comments/aakf4q/vpn_for_bch/
NMCCX To Be India’s First Traditionally Operated Cryptocurrency Exchange
NMCCX is the first-ever member-based cryptocurrency exchange in India that was introduced in June 2018. It is a trading platform for multi-crypto exchange. At the moment, the exchange platform deals in Bitcoin, Ethereum, Ripple and Litecoin. The company provides traders with a two-platform exchange model, OTC and P2P, where they can trade and exchange their […]
The post NMCCX To Be India’s First Traditionally Operated Cryptocurrency Exchange appeared first on OWLT Market.
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German Startup Devises Eco-Friendly Energy-Efficient Miners 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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Can anyone say why the Hacker News crowd hates Bitcoin so much, this thread is full of ignorant rants about wasted energy and how it is just a ponzi scheme for idiots, what is wrong with them?
I just purchased PureVPN - they take Bitcoin Cash (as well as a bunch of other cyrptos)
I was ready to pay and was about to click on the credit card option and was pleasantly surprised that they take a bunch of cryptocurrencies. I chose BCH and done!
[link] [comments]
source https://www.reddit.com/r/btc/comments/aafexl/i_just_purchased_purevpn_they_take_bitcoin_cash/
Safest way to claim BSV?
I use a keep key to cold store my assets. How would I go about claiming my BSV from the fork? I’d like to liquidate some or all of them at some point.
[link] [comments]
source https://www.reddit.com/r/btc/comments/aagqnl/safest_way_to_claim_bsv/
Blockchain Technology In Africa: Investment, Expansion And Speculations
Blockchain technology in Africa has reached a dynamic stage wherein international firms are making huge investments for their projects. The blockchain based firms have literally multiplied in number within this year after the rapid acceptance and adoption of this emerging technology. The technology sector has made huge advancements which will help in shaping an entirely […]
The post Blockchain Technology In Africa: Investment, Expansion And Speculations appeared first on OWLT Market.
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Japanese Regulator Publishes Proposed Rules for Cryptocurrency Service Providers 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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Has Crypto Grown in 2018? This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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Blockchain Company Buys Spanish Soccer Club, Cementing Crypto-Sports Connection 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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A.T. Kearney Report: Bitcoin Will ‘Mature’ and Reclaim Market Share in 2019 This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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Cryptocurrency Markets Come Alive – XRP, ETH, BCH, EOS, XLM Price up Over 10% 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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Samsung Seeks UK Trademark For Cryptocurrency Wallet 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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Bitcoin Cash Mining Showcased at the Houston Rockets Game 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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Ethereum (ETH) Closes In On XRP After 15% Gain 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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Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications 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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Multi-Blockchain Crypto Collectible Game Integrates TRON and Promises Unique Updates 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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Does Lightning Network Onion Routing provide TOR-like privacy?
No.
In fact, LN doesn't claim to be anything like TOR. The closest association I've found is LN claims to use a "mix-net like packet". Still, some LN proponents use this comparison to "shore-up" their arguments for LN privacy.
However, there are important caveats missing from LNs stated privacy claims which clearly invalidate any similarity between the two networks.
Persistent LN channel open/close/capacity information provides a data-point which can be used to derive information about route participants.
TOR specifically avoids a similar type of information leak by negotiating bandwidth offsets on a per-circuit basis to avoid fingerprinting by observation of net-flow.
LN payments are not and will never be as private/anonymous as communications on the TOR anonymity network) as long as channel open capacities are known to network participants.
The LN onion readme (archive) states;
...by encoding payment routes within a mix-net like packet, we are able to achieve the following security and privacy features:
- Participants in a route don't know their exact position within the route
- Participants within a route don't know the source of the payment, nor the ultimate destination of the payment
- Participants within a route aren't aware exactly how many other participants were involved in the payment route
- Each new payment route is computationally indistinguishable from any other payment route
Statements 1,2,3 are invalid during common routings.
Statement 4. I dunno...
Sample Route: nodeA -> nodeB -> nodeC -> nodeD
Statement 1 is invalidated; If nodeA (originator) has no other open channels than with a forwarding nodeB.
In this case, nodeB can know that it is the second hop in the route; it can be aware of its exact position in the route.
Statement 2 is invalidated; If nodeB knows that it is the second hop, it also knows nodeA is the source of the payment.
These caveats apply to the destination if destination nodeD has no other channels except with forwarding nodeC.
(Bonus: Statement 3 is invalid if there is any "collusion" between nodeB and nodeC.)
Sample Route: nodeX -> nodeY -> nodeZ
Statement 3 is invalidated; If nodeX and nodeZ have no other open channels, nodeY can know that it is the second hop in the route, the final hop in the route and that the route had exactly 3 participants.
TLDR;
The LN Onion Readme is missing important caveats and is misleading in its current state.
Any positive association of LN privacy to TOR privacy is a false equivalency.
[link] [comments]
source https://www.reddit.com/r/btc/comments/aaewme/does_lightning_network_onion_routing_provide/
WSJ: Bitcoin (BTC) Trading In Step With Gold Amid Dow Jones Tumult 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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Ledger: Recently Discovered Wallet Vulnerabilities Not Critical 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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There May Be (Some) Tax Relief Options if You Sold Your Bitcoin at a Loss This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]
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Hardware Hacking: How To Secure Your Trezor Wallet With Passphrase This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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Samsung Files UK Trademark for Smartphone Crypto 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 [...]
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Visa to Purchase Ripple Cross-Border Payments Partner Earthport 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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