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Saturday, 30 March 2019
Speak Out: Discussing The Leading Names In Crypto 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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Algeria Embroiled in Political and Economic Unrest – Time to Lift Bitcoin Ban? This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Algeria, one of North [...]
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The Tatiana Show Ep. 186 Anthem Blanchard of Anthem Vault This article was originally posted on The LTB Network - a publishing platform created for content providers to present the ideas and people involved with cryptocurrency — [...]
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From Bears to Bulls: Financial Advisors Change Opinions About Bitcoin After Crash Course This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Financial advisors only need [...]
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New Crypto-Friendly Banking and Payment Services Launch in the UK and Russia This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Two companies from different [...]
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A reply to a friend. Re: offline transactions, polarisation & kingdoms
A friend sent me the following question by email:
Is CSW right that BCH wouldn't allow to store tx offline for 50 years because it would become invalid?
https://medium.com/@craig_10243/why-the-protocol-is-set-7db4f764c97c
I wrote the following reply to him. I've expanded on it a bit and shared it here in-case it is of value to some others.
My Reply
I haven't read the full article, but the answer to just your question is: yes. BCH probably wouldn't allow you to store a transaction offline for 50 years.
However: I personally have never felt comfortable with the idea of storing a tx offline anyway and I have never suggested others should do so. I think it's quite reasonable to assume the protocol may change at some point invaliding some old, offline (not committed to the chain) transactions because of things like:
- a cryptographic algorithm used by Bitcoin (BCH) being broken and thus needing to be replaced. A balance being spent by an offline tx in this scenario could either become vulnerable to being spent by an attacker or could become invalidated after a grace period has passed to avoid a sudden massive surge of price inflation that occurs when a miner sweeps up a large amount of vulnerable funds which were not moved from accounts (UTXOs) which were known to be vulnerable.
- a large change being made to how transactions are constructed in order to allow Bitcoin to scale better to fulfil the monetary, transaction demands of the people of the world.
Also: many of the reasons a person might want to keep a tx offline, can be solved using an on-chain transaction which makes use of advanced scripting features. BCH has actually had a new op code added called something like check-data-sig-verify, that allows you to commit a tx to the chain, but you can only spend it if you create a specially crafted transaction which contains some very specific signed data. This specific op code feature can be used to solve many of the problems previously "solved" by keeping offline transactions.
CSW often speaks truth, but he delivers with it a poisoned payload.
It is my personal opinion that the agenda of CSW is to destroy the Bitcoin project by going in the extreme opposite direction that the Bitcoin Core guys went. IE instead of tiny, floppy-disk style blocks, BSv is directed towards having absurdly and impractically large blocks to the point where people are literally backing up their data to the blockchain. Instead of Bitcoin Core style 'my grandma should be mining', BSv is directed towards having a small number of super nodes to do all the work. Instead of the anti-business, almost communist style attitude that many Bitcoin Core cult members have, CSW & Co appear to have positioned themselves at the extreme polar opposite of the rainbow spectrum and decided to take a pro-mega-corporation attitude where the small business owner who doesn't get involved in crony capitalism, legal domination (through patents and other aggressive legal infrastructure), and doesn't desire to conquer the world by force has little chance at competing.
As with many things in life the answer lies in the green part of the rainbow spectrum; somewhere in the middle where a wise person takes the best of both sides and never leans so far to one side that they fall over.
I think BCH is a little closer to the middle than either BTC or BSv.
CSW also seems obsessed with arbitrary, legal compliance. "Arbitrary" because he is selecting the arbitrary rules of arbitrary governments which he wishes to help impose on "Bitcoin" users. In particular, for some reason he is very focused on gambling & money laundering. Especially strange when you consider he claims to have been involved in the gambling industry in the past (IIRC) and he has been accused by the Australian government of fraud. I'm not saying that Australian government are correct or right. It's just odd that he seems so in favour of arbitrary, government restrictions when he has been targeted by them himself.
Having said all that, I wish I could simply say that BCH is the future and the one clear path to economic sovereignty! Sadly I no longer believe that. At least not for now. BCH, BTC and BSv all have one thing in common. They are kingdoms.
- BTC is ruled by Bitcoin Core and ultimately has Greg Maxwell at the throne. At least: Greg is the front man.
- BSv is ruled by nChain/Bitcoin SV and ultimately has CSW at the throne. At least: CSW is the front man.
- BCH appears to currently be ruled by Bitcoin ABC and ultimately has deadalnix at the throne, as he is the lead developer of the project, has commit rights and is the public face of the project.
Unlike with BTC and BSv, I don't think BCH has a dark, hidden hand behind it that is attempting to direct us towards failure to achieve the original vision of Bitcoin. I think it is merely misguidedness & human ego which has led to Bitcoin ABC taking up this very vulnerable position. It's not even just their fault. The miners do not know their own sovereignty and the role they are supposed to play in order to make Bitcoin a truly permissionless, decentralized, censorship resistant, p2p electronic cash system. We (as economic users of BCH and as miners) have even been offered a path towards decentralized governance by Bitcoin Unlimited. So far it seems "we" have chosen not to take it.
When the vulnerable central point of power within BCH is eventually co-opted by outside forces, the failure of the Bitcoin project will not be on Bitcoin ABC; it will be on us.
If it seems like I am repeating this last point over and over, it's because I am. I see nothing more important than this issue. This issue is...
- more important than how we order transactions (CTOR vs TTOR vs LORDZOR vs WOODSAW)
- It's more important than exactly how Bitcoin scales (paraphrasing what Gavin Andresen said: don't let far-in-the-future, potential problems stop us from solving present day problems. Let's keep moving towards success (p2p cash) and we'll solve the real problems as we get to them or get close to them. He also said something like "don't let perfect be the enemy of good enough". That guy is a wise man).
- This issue is more important than what stupid shit the Bitcoin Core cult members are repeating or who CSW is currently suing.
If Bitcoin (BCH) has a single, centralized point of officialdom, it will be attacked. Anyone who is even vaguely awake, slightly knowledgeable of how the current fiat money systems works and mildly aware of the history of BTC will know what I just said to be true.
Good luck to you.
[link] [comments]
source https://www.reddit.com/r/btc/comments/b7brx2/a_reply_to_a_friend_re_offline_transactions/
Daily Discussion, March 30, 2019
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
We have a couple chat rooms now!
Please check the previous discussion thread for unanswered questions.
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Why I love the Edge Wallet for iOS
I really love the Edge Wallet for iOS (and it is also available for Android).
I feel like the Edge Wallet is a wallet that is absolutely simple enough for brand new beginners to use, but it also has dozens of customizable settings that make it perfectly suitable for intermediate & advanced users as well. It has something for everyone, no matter what your skill level or knowledge level is.
And, the Edge Wallet lets you create an unlimited number of individual wallets within the wallet app itself — and each wallet can be for whatever coin you prefer. Even though I only use BCH myself, the app supports about 30 different coins. And I can even have multiple different BCH wallets within the same app!
It also has a built-in splitting tool to split your pre-fork BCH into both BCH & BSV. Tap one button and your BCH is instantly split.
And then, you can even exchange your coins right from within the app itself! So, for example, you could exchange your BSV for BCH right from within the app itself... without having to jump into a completely separate app like Evercoin (which is also an excellent exchange app).
I find the Edge Wallet user interface to be very intuitive, extremely easy to navigate, and all the advanced settings are easy to find as well (but slightly out-of-sight so as not to confuse or overwhelm beginning users).
There are so many dozens of other great & thoughtful features as well, so I'm really not doing the wallet justice by just mentioning a few of its features.
But probably the #1 best feature of all is one that many people don't think about too often: CUSTOMER SUPPORT.
In the world of cryptocurrency, it is almost impossible to find good customer service or customer support. Even a multibillion dollar company like Coinbase offers extremely weak customer service. But the people at Edge Wallet offer the most responsive & most helpful & most caring customer support that I have ever encountered in the entire cryptocurrency space. I've never experienced anything like it. They are as good as Apple used to be in the Steve Jobs days. They respond almost immediately to support requests, they are helpful, they are intelligent, they are Americans who speak perfect English, they know their stuff, and they want to help.
Meanwhile, most of the other wallet apps offer no customer support at all. In fact, I just came off a terrible experience with the btc.com wallet (owned by Bitmain), and I highly recommend that everyone avoid Bitmain's terrible btc.com wallet at all costs. Not only does the btc.com wallet offer almost no features at all, but the btc.com wallet lost all of my BSV coins after I attempted to use their fatally flawed "BSV Extraction Tool", and the people at btc.com never responded to ANY of my emails over a several month period. To repeat: Bitmain's btc.com wallet support team never responded to ANY of my support requests. Over a several month period. So the btc.com wallet — like many other wallets — has absolutely zero customer support at all. Even when their product has a flaw in it. So btc.com is the absolute worst.
But then there's Edge Wallet. Edge Wallet is focused on actually building a GREAT product with a GREAT company behind it with GREAT people who actually care. And their product is amazing! There are so many great things about the whole Edge Wallet experience that I didn't even mention here. But you can check it out for yourself.
So yes, in summary, Edge Wallet is my favorite wallet. :)
[link] [comments]
source https://www.reddit.com/r/btc/comments/b77n7w/why_i_love_the_edge_wallet_for_ios/
Well, thats about 10mil SATs that aren't coming back...
About a month ago my raspibolt node bitcoind client became unsync'd and after a month of troubleshooting am throwing in the towel. my LND with open channels is probably unrecoverable as well, so there goes 10mil SATs. Enjoy, everybody. I got in over my head with this shit lol. It ran great for a couple months then just crapped out. I wish it would have lasted longer.
my node: https://1ml.com/node/02ee8c98a78d8061f6c9c09a9b36b05e02e03736609ea5e5eb8afdcd7f7163c50f
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Thanks for all the feedback, we've just received out 500th lightning payment!
Our experience so far has been great! Very pleased with the progress lightning has made this year. We're about to accept bigger amounts in lightning. We could still use some more feedback so swing by if you got some spare sats left ;)
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Bithumb Blames new Crypto Theft on “Insiders” 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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Book Flights and Hotels With BCH and 6 Other Coins at Bitcoin.Travel 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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OmiseGo Denies Acquisition by Thailand’s Biggest Private Company 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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Formula One Launching Blockchain Game ‘F1 Delta Time’ 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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Crypto Exchange Bithumb Reportedly Hacked 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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Ross Ulbricht has served 6 years in federal prison.
Key Facts:
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The 2 lead federal investigators of Ross Ulbricht are serving a combined 16 1/2 years in federal prison for crimes committed during and after the investigation of the Silk Road.
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The corrupt actions of the federal agents were kept out of Ross’ trial and appeals.
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Ross has no appeals left. Without clemency, he will die in prison.
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Both federal agents were re-arrested after their their arrest and conviction. One, after his plea, stole millions in bitcoin from the US Government. The other was arrested for attempting to flee the country.
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One federal judge told the corrupt Secret Service agent that his actions were a “betrayal of trust” and “among the worst of crimes”. He was the US Government's top expert on the anonymity protocol Tor. The other agent worked for the DEA.
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The founder of Silk Road 2.0, a former SpaceX employee, was not prosecuted for his crimes.
7. Ross is a non-violent first-time offender. He holds a degree in physics and studied material sciences and engineering in a Masters program. He is best described as an idealistic naive hippie who launched a libertarian free market.
8. The younger generation views Ross’ case with overwhelming support. Clemency could garner and galvanize support for Republicans in the tech world which ideally could lead to more open access for conservatives in Silicon Valley companies.
9. Ross isn’t likely to re-offend. He currently teaches yoga in prison.
10. It is simply the right thing to do.
[link] [comments]
source https://www.reddit.com/r/btc/comments/b79sqx/ross_ulbricht_has_served_6_years_in_federal_prison/
Bithumb Hacked Again? – Hackers Reportedly Steal $15 Million in EOS This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bithumb temporarily suspended deposit [...]
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How India’s Election Could Impact Crypto Regulation This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. India’s impending general election [...]
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Kraken: Account upgrade required after Tuesday April 2 for bank funding
Anyone else got this Message? Anyone know any exchange that respect users privacy and don’t adhere to KYS policy.
It’s fucking ridiculous policy, suppose to stop terrorism and money laundering? More like a way to make sure every single peasant pay taxes on bitcoin
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Brexit, GBP falling
Bitcoin saved me from losing 2% of my wealth against the dollar over the last month.
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Learn How to Make Your Bitcoins Work For You This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. CEO and Founder of [...]
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As old-school bitcoiners, we fully appreciate why the BTC community is so threatened by BitcoinCash.
It's peer-to-peer cash the way #bitcoin used to work. It shares the bitcoin Genesis block. And BCH's blockchain scales.
Source: Cointext Tweet
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source https://www.reddit.com/r/btc/comments/b746po/as_oldschool_bitcoiners_we_fully_appreciate_why/
!["There is no more conspicuous example of an indispensable fork [BCH]..."](https://b.thumbs.redditmedia.com/p9hRow8ioBP8SwEcUkJCZf1xcDoZ_PoKzwEB4WANGkg.jpg "\"There is no more conspicuous example of an indispensable fork [BCH]...\"")
What would be the best method for starting a legal defense fund for the victims of Craig and Calvin's lawsuits?
Bitbacker? I've never used it, thought I'd ask the community before setting something up.
EDIT: I'm asking for advice on the best means of doing this, unless I get a better suggestion than BitBacker, I'll start one tomorrow and post the link to r/btc
[link] [comments]
source https://www.reddit.com/r/btc/comments/b754x6/what_would_be_the_best_method_for_starting_a/
Mempool filling up. Veriblock back to 20% of Bitcoin transactions. The era of low fees won't last forever. Consolidate your inputs while you still have time.
Announcing SLP SDKs for iOS and Android!
Today we begin rounding out our SDK support by announcing SLP SDKs for iOS and Android!
Features include:
- show addresses
- show balances
- send/receive tokens
In Swift for iOS—https://github.com/Bitcoin-com/slp-wallet-sdk-ios
In Kotlin for Android—https://github.com/Bitcoin-com/slp-wallet-sdk-android
Congrats to https://twitter.com/jbdtky, https://twitter.com/elcoiki and the rest of the mobile team
[link] [comments]
source https://www.reddit.com/r/btc/comments/b6zjyd/announcing_slp_sdks_for_ios_and_android/
I just used Badger Wallet to donate $2 worth of Bitcoin Cash to SENS Research Foundation. This is the organization that Vitalik Buterin has donated millions of dollars worth of Ethereum to.
I just used Badger Wallet to donate $2 worth of Bitcoin Cash to SENS Research Foundation. This is the organization that Vitalik Buterin has donated millions of dollars worth of Ethereum to.
My donation is small but ever dollar counts.
I did so from the following link. https://www.sens.org/get-involved/donate/
[link] [comments]
source https://www.reddit.com/r/btc/comments/b77f09/i_just_used_badger_wallet_to_donate_2_worth_of/
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