Saturday, 12 October 2019

on "freezing" the protocol: good, better, best

There are no doubt benefits to ossifying or freezing the protocol. Stability and protection from certain kinds of attacks come to mind. The key insight is that you make the engineering changes you need to make first, and then you "freeze it" (if you're going to freeze it).

BTC is a "good" protocol because it is more or less frozen and handles 300-400k transactions per day.

BSV is a "better" protocol because it removed the silly blocksize limit (and then froze the protocol). (Note: I'm not saying BSV is better or a more legit project than BTC overall. There are plenty of other reasons not to support BSV outside the scope of this post.)

BCH is the "best" protocol we have because we have a solid roadmap to make the engineering changes, and then, we can consider freezing the protocol as it will be complete, at least for a foreseeable future.

https://www.bitcoincash.org/roadmap.html

submitted by /u/jonald_fyookball
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source https://www.reddit.com/r/btc/comments/dgo2vg/on_freezing_the_protocol_good_better_best/

Forget About Libra - You Can Now Send BTC Over Social Media

Forget About Libra - You Can Now Send BTC Over Social Media submitted by /u/castorfromtheva
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Imagine being such a totalitarian dictator that you think you have the moral right to tell hundreds of millions of other human beings what they can and can’t sell without your permission. That’s the SEC.

Imagine being such a totalitarian dictator that you think you have the moral right to tell hundreds of millions of other human beings what they can and can’t sell without your permission. That’s the SEC. submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/dgoix7/imagine_being_such_a_totalitarian_dictator_that/

PSA: The world's central banks are creating money out of thin air. The Fed just announced $60 billion per month in new printing.

PSA: The world's central banks are creating money out of thin air. The Fed just announced $60 billion per month in new printing. submitted by /u/ChronosCrypto
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source https://www.reddit.com/r/btc/comments/dgmgjt/psa_the_worlds_central_banks_are_creating_money/

I just used the bitcoin.com SLP dividends calculator as a decentralized way to fund BCH adoption efforts!

I just used the bitcoin.com SLP dividends calculator as a decentralized way to fund BCH adoption efforts! submitted by /u/AlternativeWinter
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source https://www.reddit.com/r/btc/comments/dgnukb/i_just_used_the_bitcoincom_slp_dividends/

Bitcoin

Bitcoin submitted by /u/maghsoudi007
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I just finished another talk in Maracaibo, Venezuela about BCH usage. More photos coming soon!

I just finished another talk in Maracaibo, Venezuela about BCH usage. More photos coming soon! submitted by /u/oscar_salas93
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source https://www.reddit.com/r/btc/comments/dgmtpi/i_just_finished_another_talk_in_maracaibo/