Waiting patiently

submitted by /u/MyCryptoCanvas [link] [comments]

I have written an article explaining an alternative proposal on how to implement a self-funding mechanism over Bitcoin Cash with a decentralized voting process, achieved with a single change from the initial Infrastructure Funding Plan, using existing & proven technology:

submitted by /u/VeritasSapere [link] [comments]

source https://www.reddit.com/r/btc/comments/etl470/i_have_written_an_article_explaining_an/

Look at all these FRESH accounts being used in /r/btc

Look at all these FRESH accounts being used in /r/btc

Either:

1. We have an influx of new money and users coming into this space
   (possibly a small amount, but I doubt much of it is new)
2. We have new accounts/users being setup to sway information and push an agenda.

This is just a reminder that often users from other subs will come here and try and push an agenda in a direction so as to begin infighting and distract from the real issue of P2P Digital Cash. Read what they have to say, but also realize what is going on and then you can weight up how much is real and faked for yourself.

submitted by /u/kilrcola
[link] [comments]

source https://www.reddit.com/r/btc/comments/etk8hd/look_at_all_these_fresh_accounts_being_used_in/

Please, stop calling anyone who doesn’t agree with the fund proposal a troll or another attack on Bitcoin Cash (BCH)

Stop, people who does not agree with the BCH fund plan likes Bitcoin Cash as much as anyone else here.

Some major voices are against it and they were giving more than some in this space. It’ll be good if instead of replying the same stuff everytime you start considering other people opinions. As far as I understand that’s why r/btc was created.

submitted by /u/oscar_salas93
[link] [comments]

source https://www.reddit.com/r/btc/comments/etk6eq/please_stop_calling_anyone_who_doesnt_agree_with/

Cashless stores and restaurants banned in New York City

submitted by /u/BitcoinFan7 [link] [comments]

An open, neutral, borderless cash protocol should not have a privileged account that gives a central entity the ability to extract money from the protocol. [Read]

Once's the large miners are in control of this privileged account which has the ability to extract money from the protocol, mark my word, it will never go away.

"But the developers do good work and deserve to be paid"

If the devs want to be paid, they should set up a donation system. It's works for Monero. The devs submit a proposal, people donate, the devs are paid for 3-6 months of work then do it all again.

If they don't want to rely on donations and want to be paid via the block reward, then their should be a properly decentralized DAO, much like Dash. In which the dev team can submit a proposal for funding, people vote on the proposal and if it passes, then the devs get the money they've requested. If people vote against it, no money is paid.

There are many ways to fund a dev team, but creating a special, privileged account that allows for the individual with the key to skim money from the block reward, regardless of whether or not they contribute anything of value is *not* the way to do it.

"But the miners can dissolve the special account"

Have you ever considered that once this funded, privileged account exists, it will be far too valuable to ever remove? What's to stop miners and/or devs from spiting the profits from this privileged account? It's a win-win for them.

What happens if the large miners say "Give me a cut of the 12% or we will remove it entirely"?

What happens when large miners profit from mining rewards + a cut of the 12%? Small miners who don't receive a cut of these extra funds can't compete and leave. Then the only miners left are those in control of the privileged account and they gain full control of the chain.

This is one possible outcome. There is a large number of possible outcomes, and almost all of them are bad. While at the same time there is 1 possible positive outcome - it works as expected. I doubt it.

​

"but they are in it for the good of Bitcoin Cash, they wouldn't take advantage of the system"

Are you asking me to trust them?

This proposal is absolutely ludicrous and I'd go so far as to question the motives or intelligence of anybody who supports such a proposal. The odds of this being good for the chain are slim.

submitted by /u/UnknownEssence
[link] [comments]

source https://www.reddit.com/r/btc/comments/etjj9n/an_open_neutral_borderless_cash_protocol_should/

Wealth doesn't last. You need productivity. Ray Dalio says.

submitted by /u/curryandrice [link] [comments]

source https://www.reddit.com/r/btc/comments/etjytp/wealth_doesnt_last_you_need_productivity_ray/