Bitcoin vs. Litecoin Difference : Bitcoin - reddit

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to btc [link] [comments]

A collection of evidence regarding Bitcoin's problem and takeover (January 2018)

REPOSTED FOR MORE VISIBILITY, EDITED A FEW MISTAKES AND INCLUDED NO.1-39 also.*
On November 22th I posted this
On December 27th I posted [this](https://np.reddit.com/btc/comments/7mg4tm/updated_dec_2017_a_collection_of_evidence/
I have added a lot more links now, please give feedback on what else I could add for next time I will add (few weeks/month).
1 The history between btc and bitcoin
Archive link
yours.org link
2 A brief and incomplete history of censorship in /Bitcoin
Archive link
3 User posts on bitcoin about 6900 BTC that theymos stole, post gets removed.
Archive link
4 Go to /noncensored_bitcoin to see posts that have been censored in /bitcoin
5 Theymos caught red-handed - why he censors all the forums he controls, including /bitcoin
Archive link
6 User gets banned from /bitcoin for saying "A $5 fee to send $100 is absolutely ridiculous"
Archive link
7 Greg Maxwell caught using sockpuppets
Archive link
8 Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively"
Archive link
9 Remember how lightening network was promised to be ready by summer 2016? https://coinjournal.net/lightning-network-should-be-ready-this-summe
Archive link
10 rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains
Archive link
11 "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO
Archive link
Twitter proof
Twitter Archive link
12 September 2017 stats post of bitcoin censorship
Archive link
13 Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
Archive link
14 bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
Archive link
15 In January 2017, someone paid 0.23 cents for 1 transaction. As of December 2017, fees have peaked $40.
16 Told to kill yourself by Bitcoin for cashing out
17 Bitcoin is a captured system
18 Bot attack against bitcoin was allegedly perpetrated by its own moderator and Blockstream’s Greg Maxwell
19 Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".
20 Bitcoin Cash has got nothing new.
21 How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC
More evidence
22 Even Core developers used to support 8-100MB blocks before they work for the Bankers
Proof
23 /Bitcoin loves to call Bitcoin Cash "ChinaCoin", but do they realize that over 70% of BTC hashrate comes from China?
24 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
25 First, they said they want BCH on coinbase so they could dump it. Now they are crying about it because it's pumping.
26 Luke-Jr thinks reducing the blocksize will reduce the fees..
27 Core: Bitcoin isn't for the poor. Bitcoin Cash: we'll take them. Our fees are less than a cent. Core: BCash must die!
28 How The Banks Bought Bitcoin. The Lightning Network
29 Big Blocks Can Scale, But Will It Centralize Bitcoin?
30 "Fees will drop when everyone uses Lightning Networks" is the new "Fees will drop when SegWit is activated"
31 Adam Back let it slip he hires full-time teams of social media shills/trolls
32 The bitcoin civil war is not about block size; it's about freedom vs. authoritarianism
33 Why BCH is the real Bitcoin
34 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
35 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
36 Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.
37 A explaination why Core's vision is different from the real Bitcoin vision
38 The dangerously shifted incentives of SegWit
39 Lighting Network was supposed to be released in 2016
40 You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction
41 They say we are trying to Kill Bitcoin. No, we are not. We are trying to save it, and make it usable for everyone, and everything. Not tomorrow. Not 6 months from now, Not 18 Months from now. NOW. That's what's going on Here.
42 Miners that want to pull out daily have to switch to BCH due to the fees
43 At $25 #BTC tx fees, if miners want to withdraw their revenue daily, they require a minimum of $140,000 worth of mining hardware to reduce the tx fee to less than 1% of their outgoings. At a $100 tx fee it requires min $560,000. Which is the centralising coin again?
44 Core developer : Bitcoin fees too high? You have invested in early tech! Have faith. Give us time.
45 A redditor even predicted the /bitcoin front page
46 Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s
47 /bitcoin is in uproar about Coinbase not implementing Segwit -> mempool mooning is single handedly Coinbase' fault. So all it takes to bring bitcoin to its knees is a single corporate entity not implementing segwit? Me thinks its not Coinbase there's something wrong with.
48 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
49 $BCH has been attacked in every way possible since it's creation. Exchanges listing it with deceiving names and abbreviations; being dumped by bitcoin holders for over 6 months; and it still managed to close every month positively, while adding numerous new wallet/exchange pairs
50 theymos claims that the whitepaper is a historical artifact not worthy of being on the sidebar of bitcoin
51 Even a Bitcoin conference can't use Bitcoin because of it's high fees
52 185% Growth in Active Addresses for BCH in 1 month, 125% for ETH, -5% for BTC
53 Shapeshift: "Sub-$100 fees unadvisable on BTC." Core supporters: "Implement Segwit already!" Shapeshift: "We did. We're the biggest user of Segwit."
54 How btc and Bitcoin see each other
55 Man who vandalized Bitmain's office hired by Blockstream
56 Bitcoin Cash vs Bitcoin Core compared. Just the facts
57 It was obvious from the very beginning that #Bitcoin transactions were meant to be as cheap as possible. Bitcoin Core has destroyed Bitcoin's usefulness as money by creating a system where $30 fees are celebrated. - @Bitcoin
58 User explains why Core's vision is not the real Bitcoin vision
59 Fake Tweet from the president bashes BCH on /bitcoin front page. Calling it exactly what it is will get you banned.
60 A public appeal to Michael Marquardt the original Theymos.
61 Now they are angry at the CEO of Coinbase for supporting BCH. It's like you are not allowed to have your own opinion without getting attacked.
62 bitcoin user says Bitcoin should not be used as a cryptocurrency
63 The five stages of grief, transaction fees
64 A brief history of the attempted takeover of Bitcoin by BlockstreamCore/The legacy banking systems/The Powers That Be
65 Warning! Theymos admitted he 'misled millions of people' yet he wanna 'leave the text as it is' to mislead more people!
66 "Wait. What? My private keys need to be on an internet-connected computer in order to use Lightning Network?"
67 a year ago Adam Back accused u/Jacktenz of exaggerated claims about fees. The truth is the claims were understated!
68 Roger Ver was not selling explosives, he was selling firecrackers.
69 Core devs pop champaigne, and openly celebrate high fees. Now core supporters blame coinbase for high fees?
70 Now that we've had a few 8MB blocks, let's dispel this centralisation myth once and for all.
71 Reddit admin sodypop on censorship in /Bitcoin: "We generally allow moderators to run their communities how they like as long as they are within our site-wide rules and moderator guidelines." Blatant censorship, hacking, vote manipulation, and brigading are "within [Reddit's] site-wide rules".
72 Another obvious sockpuppet account being used to push Blockstream's agenda.
73 Totally organic grassroots support for the #NO2X "movement." Definitely not a purchased sockpuppet account, you guys.
74 Charlie Lee [Litecoin creator]: "I have sold and donated all my LTC [...] Litecoin has been very good for me financially, so I am well off enough that I no longer need to tie my financial success to Litecoin’s success"
75 If it’s inaccessible to the poor it’s neither radical nor revolutionary.
76 BSCoretabs shills are vandalizing Wikipedia to smear Roger Ver with false quoting, missparaphrasing and accusations.
77 Introducing dipshit extraordinaire Warren Togami, the link between Theymos and BlockStream
78 Debunking: "Blockstream is 3 or 4 developers out of hundreds of developers at Core" - Tone Vays
79 This blockchain debate is purely political and is not about scaling but about control. X-Post from /bitcoin
80 A profile to look at for more evidence
81 What exactly is Blockstream Core's excuse for causing a year of stagnation in Bitcoin with no end in sight?
82 We have a way to build bank-like services.
83 "There is a reason why things are done in a certain way in the financial system, and Bitcoin will be doing something similar"
84 Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.
85 Theymos on Bitcoin XT
86 (If this is not allowed mods, please remove this text) I cannot verify this yet, but a source has given me information about theymos. theymos is known as Michael Marquardt, from Wisconsin and is a graduate from the University of Wisconsin as a computer-science student.
submitted by thepaip to btc [link] [comments]

Bitcoin Cash: A Reflection on How Far We’ve Come

On August 1, Bitcoin resumed its original roadmap, scaling on-chain towards global adoption as Peer-to-Peer Electronic Cash.
It’s been just 3 and a half months since Bitcoin Cash broke away from BTC in order avoid a software mutation called Segwit, and to restore progress and growth to the ecosystem.
After a recent price rally that saw us reach 0.5 BTC ($3000), the reality is setting in that an overnight ‘flippening’ scenario that some people hoped for is unlikely, and that we have a longer road ahead.
It’s really important to remember how much has been achieved in such a short time.
Let’s take a moment to reflect on how far we’ve come as a young community.
July:
August:
September:
October:
November:
This rate and scale of industry adoption is unprecedented.
With every BTC holder receiving an equal amount of Bitcoin Cash, and with the price over $1300, the rate and scale of user adoption is unprecedented.
With fast, reliable transactions and fees that are less than 1 cent, and with both BitPay & Coinbase hinting at a full Bitcoin Cash integration, the rate and scale of merchant adoption will be unprecedented.
With unprecedented industry, user and merchant adoption, it’s only a matter of time until Bitcoin Cash becomes the default medium of exchange and store of value cryptocurrency.
The old Bitcoin is back. You can feel it. It’s the resurgence of a grassroots movement not seen for years. People are putting Bitcoin Cash posters in the streets, handing out leaflets, tipping strangers a few dollars online, and asking in forums how they can contribute to the community.
Just in the last couple of days a ‘Bitcoin Cash Fund’ was established, to assist with marketing and projects. The initial goal was $200 to make a short animated advert, but over $17,000 has been donated already. All of this positivity and energy is inspiring.
While businesses are being forced to abandon BTC due to exorbitant and skyrocketing fees (upwards of $10), they’re being cheered on every day as they embrace Bitcoin Cash.
The original vision is still alive. As an early bitcoiner, I’ve never been more optimistic.
Make sure you involve yourself in the community, we’re just getting started :)
Reddit: BTC or BitcoinCash
Twitter: twitter.com/BITCOINCASH
Website: bitcoincash.org
Dev: Mailing List
Also posted on Yours: Bitcoin Cash: A Reflection on How Far We’ve Come
submitted by cryptomic to Bitcoincash [link] [comments]

A collection of evidence regarding Bitcoin's takeover and problems.

REPOSTED THIS FOR MORE VISIBILITY & FEW EDITS
On November 22 I posted this https://np.reddit.com/btc/comments/7eszwk/links_related_to_blockstreams_takeover_of_bitcoin
On December this https://np.reddit.com/btc/comments/7mg4tm/updated_dec_2017_a_collection_of_evidence/
On January this https://np.reddit.com/btc/comments/7qfw2b/a_collection_of_evidence_regarding_bitcoins/
This is March update
I will be removing duplicates and off-topic content. #34 and #74 has been changed. Please give me feed back, and also recommend a new title if you guys have any idea :)
The Bitcoin Whitepaper
PDF
1 The history between btc and bitcoin
Archive link
yours.org link
2 A brief and incomplete history of censorship in /Bitcoin
Archive link
3 User posts on bitcoin about 6900 BTC that theymos stole, post gets removed.
Archive link
4 Go to /noncensored_bitcoin to see posts that have been censored in /bitcoin
5 Theymos caught red-handed - why he censors all the forums he controls, including /bitcoin
Archive link
6 User gets banned from /bitcoin for saying "A $5 fee to send $100 is absolutely ridiculous"
Archive link
7 Greg Maxwell caught using sockpuppets
Archive link
8 [Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively"](https:// np.reddit.com/btc/comments/74se80/wikipedia_admins_gregory_maxwell_of_blockstream/)
Archive link
9 Remember how lightening network was promised to be ready by summer 2016? https://coinjournal.net/lightning-network-should-be-ready-this-summe
Archive link
10 rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains
Archive link
11 "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO
Archive link
Twitter proof
Twitter Archive link
12 September 2017 stats post of bitcoin censorship
Archive link
13 Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
Archive link
14 bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
Archive link
15 In January 2017, someone paid 0.23 cents for 1 transaction. As of December 2017, fees have peaked $40.
16 Told to kill yourself by Bitcoin for cashing out
17 Bitcoin is a captured system
18 Bot attack against bitcoin was allegedly perpetrated by its own moderator and Blockstream’s Greg Maxwell
19 Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".
20 Bitcoin Cash has got nothing new.
21 How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC
More evidence
22 Even Core developers used to support 8-100MB blocks before they work for the Bankers
Proof
23 /Bitcoin loves to call Bitcoin Cash "ChinaCoin", but do they realize that over 70% of BTC hashrate comes from China?
24 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
25 First, they said they want BCH on coinbase so they could dump it. Now they are crying about it because it's pumping.
26 Luke-Jr thinks reducing the blocksize will reduce the fees..
27 Core: Bitcoin isn't for the poor. Bitcoin Cash: we'll take them. Our fees are less than a cent. Core: BCash must die!
28 How The Banks Bought Bitcoin. The Lightning Network
29 Big Blocks Can Scale, But Will It Centralize Bitcoin?
30 "Fees will drop when everyone uses Lightning Networks" is the new "Fees will drop when SegWit is activated"
31 Adam Back let it slip he hires full-time teams of social media shills/trolls
32 The bitcoin civil war is not about block size; it's about freedom vs. authoritarianism
33 Why BCH is the real Bitcoin
34 Segwit does not block ASICBoost. SlushPool supports it.
35 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
36 Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.
37 A explaination why Core's vision is different from the real Bitcoin vision
38 The dangerously shifted incentives of SegWit
39 Lighting Network was supposed to be released in 2016
40 You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction
41 They say we are trying to Kill Bitcoin. No, we are not. We are trying to save it, and make it usable for everyone, and everything. Not tomorrow. Not 6 months from now, Not 18 Months from now. NOW. That's what's going on Here.
42 Miners that want to pull out daily have to switch to BCH due to the fees
43 At $25 #BTC tx fees, if miners want to withdraw their revenue daily, they require a minimum of $140,000 worth of mining hardware to reduce the tx fee to less than 1% of their outgoings. At a $100 tx fee it requires min $560,000. Which is the centralising coin again?
44 Core developer : Bitcoin fees too high? You have invested in early tech! Have faith. Give us time.
45 A redditor even predicted the /bitcoin front page
46 Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s
47 /bitcoin is in uproar about Coinbase not implementing Segwit -> mempool mooning is single handedly Coinbase' fault. So all it takes to bring bitcoin to its knees is a single corporate entity not implementing segwit? Me thinks its not Coinbase there's something wrong with.
48 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
49 $BCH has been attacked in every way possible since it's creation. Exchanges listing it with deceiving names and abbreviations; being dumped by bitcoin holders for over 6 months; and it still managed to close every month positively, while adding numerous new wallet/exchange pairs
50 theymos claims that the whitepaper is a historical artifact not worthy of being on the sidebar of bitcoin
51 Even a Bitcoin conference can't use Bitcoin because of it's high fees
52 185% Growth in Active Addresses for BCH in 1 month, 125% for ETH, -5% for BTC
53 Shapeshift: "Sub-$100 fees unadvisable on BTC." Core supporters: "Implement Segwit already!" Shapeshift: "We did. We're the biggest user of Segwit."
54 How btc and Bitcoin see each other
55 Man who vandalized Bitmain's office hired by Blockstream
56 Bitcoin Cash vs Bitcoin Core compared. Just the facts
57 It was obvious from the very beginning that #Bitcoin transactions were meant to be as cheap as possible. Bitcoin Core has destroyed Bitcoin's usefulness as money by creating a system where $30 fees are celebrated. - @Bitcoin
58 User explains why Core's vision is not the real Bitcoin vision
59 Fake Tweet from the president bashes BCH on /bitcoin front page. Calling it exactly what it is will get you banned.
60 A public appeal to Michael Marquardt the original Theymos.
61 Now they are angry at the CEO of Coinbase for supporting BCH. It's like you are not allowed to have your own opinion without getting attacked.
62 bitcoin user says Bitcoin should not be used as a cryptocurrency
63 The five stages of grief, transaction fees
64 A brief history of the attempted takeover of Bitcoin by BlockstreamCore/The legacy banking systems/The Powers That Be
65 Warning! Theymos admitted he 'misled millions of people' yet he wanna 'leave the text as it is' to mislead more people!
66 "Wait. What? My private keys need to be on an internet-connected computer in order to use Lightning Network?"
67 a year ago Adam Back accused u/Jacktenz of exaggerated claims about fees. The truth is the claims were understated!
68 Roger Ver was not selling explosives, he was selling firecrackers.
69 Core devs pop champaigne, and openly celebrate high fees. Now core supporters blame coinbase for high fees?
70 Now that we've had a few 8MB blocks, let's dispel this centralisation myth once and for all.
71 Reddit admin sodypop on censorship in /Bitcoin: "We generally allow moderators to run their communities how they like as long as they are within our site-wide rules and moderator guidelines." Blatant censorship, hacking, vote manipulation, and brigading are "within [Reddit's] site-wide rules".
72 Another obvious sockpuppet account being used to push Blockstream's agenda.
73 Totally organic grassroots support for the #NO2X "movement." Definitely not a purchased sockpuppet account, you guys.
74 Why Bitcoin Cash
75 If it’s inaccessible to the poor it’s neither radical nor revolutionary.
76 BSCoretabs shills are vandalizing Wikipedia to smear Roger Ver with false quoting, missparaphrasing and accusations.
77 Introducing dipshit extraordinaire Warren Togami, the link between Theymos and BlockStream
78 Debunking: "Blockstream is 3 or 4 developers out of hundreds of developers at Core" - Tone Vays
79 This blockchain debate is purely political and is not about scaling but about control. X-Post from /bitcoin
80 A profile to look at for more evidence
81 What exactly is Blockstream Core's excuse for causing a year of stagnation in Bitcoin with no end in sight?
82 We have a way to build bank-like services.
83 "There is a reason why things are done in a certain way in the financial system, and Bitcoin will be doing something similar"
84 Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.
85 Theymos on Bitcoin XT
86 (If this is not allowed mods, please remove this text) I cannot verify this yet, but a source has given me information about theymos. theymos is known as Michael Marquardt, from Wisconsin and is a graduate from the University of Wisconsin as a computer-science student.
87 A video that Blockstream does not want you to see
88 A story of how someone was brainwashed
89 Bitcoin Cash is not a scamcoin
90 What /btc is up against
91 OpenBazaar dev explains why they won't implement Lightning Network
92 An extended history of Bitcoin Cash
93 Should I trust Bitcoin Cash ? Roger Ver seems shady
94 /btc gets brigaded and blackmailed
95 Bitcoin Core talking points translated honestly
96 Possible attacks on Bitcoin. One of them did happen
97 How many people are aware that Bitcoin Cash is a manipulation made by Roger Ver, CNBC and Coinbase?
98 Why Rick Falkvinge chose Bitcoin Cash
More from Rick
99 Can Bitcoin Cash scale on-chain?
100 Are bigger blocks better for bigger miners?
101 Jonald Fyookball corrects the misinformation
102 A developer, Luke-Jr, in the Core team is crazy
Thanks to singularity87, 103 to 106. There are more in his link
103 Using the HK agreement to stall miners from adopting bitcoin classic
104 Luke-Jr would be fine with having Jihan Wu executed
105 Theymos threatens to write to the SEC
106 Matt Corallo writes to the SEC to make Core’s BTC the “official” btc.
107 Re: BCH as an altcoin
108 The difference between BTC and BCH
109 Someone asks why Bitcoin Core refuses to increase the blocksize
110 Bitcoin back then : 1, 2, 3, 4
111 More resources
submitted by thepaip to btc [link] [comments]

My draft for a new /r/btc FAQ explaining the split from /r/Bitcoin to new users

If /btc is going to actually compete with /Bitcoin, it needs to be just as friendly and informative to new users, especially given its position as the “non default” or “breakaway” sub. The current /btc sticky saying "Welcome to the Wiki" doesn't even have any content in it and I feel this is a bit of a wasted opportunity to create an informative resource that new users will see by default and everyone else can link to instead of retyping things over and over about the history and difference between the subs.
Here's what I've written as a starting point. I've done my best to keep it as concise and relevant as possible but in all honesty it is a complicated issue and a short but effective explanation is basically impossible. I hope the community can expand/improve on it further.
Quick bit about me
I got into Bitcoin in October 2013, when /Bitcoin had around 40k subscribers if I remember correctly, so by now I've actually personally experienced a large portion of Bitcoin's history - including the events preceding and since the creation of this sub. I have been an active and popular poster on /Bitcoin for almost all of that time, until the split and my subsequent banning. With the recent censorship fiasco, I'm finding I have to reiterate the same points over and over again to explain to newer users what happened with the /Bitcoin vs /btc split, questions about hard forks, what is likely to happen in the future and so on. So I put a couple of hours into writing this post to save myself the trouble in future.

/btc FAQ - Historical split from /Bitcoin megathread - v0.1

There is a TL:DR; at the bottom, but it is exactly that. If you skip straight to the TL:DR; then don’t expect sympathy when you post questions that have already been covered in the lengthy and detailed main post.

New to Bitcoin?

I am totally new to Bitcoin. What is it? How does it work? Can/should I mine any? Where can I buy some? How do I get more information?
All of these questions are actually really well covered in the /Bitcoin FAQ. Check it out in a new tab here. Once you've got a bit of a handle on the technology as a whole, come back here for the rest of the story.

History: /btc vs /Bitcoin

What's the difference between /btc and /Bitcoin? What happened to create two such strongly opposed communities? Why can't I discuss /btc in /Bitcoin?
Historically, the /Bitcoin subreddit was the largest and most active forum for discussing Bitcoin. As Bitcoin grew close to a cap in the number of transactions it could process, known as the 1MB block size limit, the community had differing opinions on the best way to proceed. Note that this upcoming issue was anticipated well ahead of time, with Satoshi's chosen successor to lead the project Gavin Andresen posting about it in mid 2015. Originally, there was quite a broad spread of opinions - some people favoured raising the blocksize to various extents, some people favoured implementing a variety of second layer solutions to Bitcoin, probably most people thought both could be a good idea in one form or another.
This topic was unbelievably popular at the time, taking up almost every spot on the front page of /Bitcoin for weeks on end.
Unfortunately, the head moderator of /Bitcoin - theymos - felt strongly enough about the issue to use his influence to manipulate the debate. His support was for the proposal of existing software (called Bitcoin Core) NOT to raise the blocksize limit past 1MB and instead rely totally on second layer solutions - especially one called Segregated Witness (or SegWit). With some incredibly convoluted logic, he decided that any different implementations of Bitcoin that could potentially raise the limit were effectively equivalent to separate cryptocurrencies like Litecoin or Ethereum and thus the block size limit or implement other scaling solutions were off-topic and ban-worthy. At the time the most popular alternative was called Bitcoin XT and was supported by experienced developers Gavin Andresen and Mike Hearn, who have since both left Bitcoin Core development in frustration at their marginalisation. Theymos claimed that for Bitcoin XT or any other software implementation to be relevant to /Bitcoin required "consensus", which was never well defined, despite it being seemingly impossible for everyone to agree on the merits of a new project if no one was allowed to discuss it in the first place. Anyone who didn't toe the line of his vaguely defined moderation policy was temporarily or permanently banned. There was also manipulation of the community using the following tactics - which can still be seen today:
This created enormous uproar among users, as even many of those in favour of Bitcoin Core thought it was authoritarian to actively suppress this crucial debate. theymos would receive hundreds of downvotes whenever he posted: for example here where he gets -749 for threatening to ban prominent Bitcoin business Coinbase from the subreddit.
In an extraordinary turn of events, Theymos posted a thread which received only 26% upvotes in a sample size of thousands announcing that he did not care if even 90% of users disagreed with his policy, he would not change his opinion or his moderation policy to facilitate the discussion the community wanted to have. His suggested alternative was instead for those users, however many there were, to leave.
Here are Theymos' exact words, as he describes how he intends to continue moderating Bitcoin according to his own personal rules rather than the demands of the vast majority of users, who according to him clearly don't have any "real arguments" or "any brains".
Do not violate our rules just because you disagree with them. This will get you banned from /Bitcoin , and evading this ban will get you (and maybe your IP) banned from Reddit entirely.
If 90% of /Bitcoin users find these policies to be intolerable, then I want these 90% of /Bitcoin users to leave. Both /Bitcoin and these people will be happier for it. I do not want these people to make threads breaking the rules, demanding change, asking for upvotes, making personal attacks against moderators, etc. Without some real argument, you're not going to convince anyone with any brains -- you're just wasting your time and ours. The temporary rules against blocksize and moderation discussion are in part designed to encourage people who should leave /Bitcoin to actually do so so that /Bitcoin can get back to the business of discussing Bitcoin news in peace.
/btc was therefore born in an environment not of voluntary departure but of forced exile.
This forced migration caused two very unfortunate occurrences:
  1. It polarised the debate around Bitcoin scaling. Previously, there was a lot of civil discussion about compromise and people with suggestions from all along the spectrum were working to find the best solution. That was no longer possible when a moderation policy would actively suppress anyone with opinions too different from Theymos. Instead it forced everyone into a "with us or against us" situation, which is why the /btc subreddit has been pushed so far in favour of the idea of a network hard fork (discussed below).
  2. It has distracted Bitcoin from its mission of becoming a useful, global, neutral currency into a war of information. New users often find /Bitcoin and assume it to be the authoritative source of information, only to later discover that a lot of important information or debate has been invisibly removed from their view.
Since then, like any entrenched conflict, things have degenerated somewhat on both sides to name calling and strawman arguments. However, /btc remains committed to permitting free and open debate on all topics and allowing user downvotes to manage any "trolling" (as /Bitcoin used to) instead of automatic shadow-banning or heavy-handed moderator comment deletion (as /Bitcoin does now). Many users in /Bitcoin deny that censorship exists at all (it is difficult to see when anyone pointing out the censorship has their comment automatically hidden by the automoderator) or justify it as necessary removal of "trolls", which at this point now includes thousands upon thousands of current and often long-standing Bitcoin users and community members.
Ongoing censorship is still rampant, partially documented in this post by John Blocke
For another detailed account of this historical sequence of events, see singularity87 s posts here and here.
/btc has a public moderator log as demonstration of its commitment to transparency and the limited use of moderation. /Bitcoin does not.
Why is so much of the discussion in /btc about the censorship in /Bitcoin? Isn't a better solution to create a better community rather than constantly complaining?
There are two answers to this question.
  1. Over time, as /btc grows, conversation will gradually start to incorporate more information about the Bitcoin ecosystem, technology, price etc. Users are encouraged to aid this process by submitting links to relevant articles and up/downvoting on the /new and /rising tab as appropriate. However, /btc was founded effectively as a refuge for confused and angry users banned from /Bitcoin and it still needs to serve that function so at least some discussion of the censorship will probably always persist (unless there is a sudden change of moderation policy in /Bitcoin).
  2. The single largest issue in Bitcoin right now is the current cap on the number of transactions the network can process, known as the blocksize limit. Due to the censorship in /Bitcoin, open debate of the merits of different methods of addressing this problem is impossible. As a result, the censorship of /Bitcoin (historically the most active and important Bitcoin community forum) has become by proxy the single most important topic in Bitcoin, since only by returning to open discussion would there be any hope of reaching agreement on the solution to the block size limit itself. As a topic of such central importance, there is naturally going to be a lot of threads about this until a solution is found. This is simply how Bitcoin works, that at any one time there is one key issue under discussion for lengthy periods of time (previous examples of community "hot topics" include the demise of the original Bitcoin exchange Mt Gox, the rise to a 51% majority hash rate of mining pool GHash.io and the supposed "unveiling" of Bitcoin's anonymous creator Satoshi Nakamoto).

Bitcoin Network Hard Forks

What is a hard fork? What happens if Bitcoin hard forks?
A network hard fork is when a new block of transactions is published under a new set of rules that only some of the network will accept. In this case, Bitcoin diverges from a single blockchain history of transactions to two separate blockchains of the current state of the network. With any luck, the economic incentive for all users to converge quickly brings everyone together on one side of the fork, but this is not guaranteed especially since there is not a lot of historical precedent for such an event.
A hard fork is necessary to raise the block size limit above its 1MB cap.
Why is /btc generally in favour of a hard fork and /Bitcoin generally against?
According to a lot of users on /Bitcoin - a hard fork can be characterised as an “attack” on the network. The confusion and bad press surrounding a hard fork would likely damage Bitcoin’s price and/or reputation (especially in the short term). They point to the ongoing turmoil with Ethereum as an example of the dangers of a hard fork. Most of /Bitcoin sees the stance of /btc as actively reckless, that pushing for a hard fork creates the following problems:
According to a lot of users on /btc - a hard fork is necessary despite these risks. Most of /btc sees the stance of /Bitcoin as passively reckless, that continuing to limit Bitcoin’s blocksize while remaining inactive creates the following problems:
Bitcoiners are encouraged to examine all of the information and reach their own conclusion. However, it is important to remember that Bitcoin is an open-source project founded on the ideal of free market competition (between any/all software projects, currencies, monetary policies, miners, ideas etc.). In one sense, /btc vs /Bitcoin is just another extension of this, although Bitcoiners are also encouraged to keep abreast of the top posts and links on both subreddits. Only those afraid of the truth need to cut off opposing information.
What do Bitcoin developers, businesses, users, miners, nodes etc. think?
Developers
There are developers on both sides of the debate, although it is a common argument in /Bitcoin to claim that the majority supports Bitcoin Core. This is true in the sense that Bitcoin Core is the current default and has 421 listed code contributors but misleading because not only are many of those contributors authors of a single tiny change and nothing else but also many major figures like Gavin Andresen, Mike Hearn and Jeff Garzik have left the project while still being counted as historical contributors.
Businesses including exchanges etc.
A definite vote of confidence is not available from the vast majority of Bitcoin businesses, and wouldn't be binding in any case. The smart decision for most businesses is to support both chains in the event of a fork until the network resolves the issue (which may only be a day or two).
Users
Exact user sentiment is impossible to determine, especially given the censorship on /Bitcoin.
Miners and Nodes
Coin.dance hosts some excellent graphical representations of the current opinion on the network.
Node Support Information
Miner Support Information
What do I do if the network hard forks?* Do we end up with two Bitcoins?
Firstly, in the event of a hard fork there is no need to panic. All Bitcoins are copied to both chains in the case of a split, so any Bitcoins you have are safe. HOWEVER, in the event of a fork there will be some period of confusion where it is important to be very careful about how/why you spend your Bitcoins. Hopefully (and most likely) this would not last long - everyone in Bitcoin is motivated to converge into agreement for everyone's benefit as soon as possible - but it's impossible to say for sure.
There isn't a lot of historical data about cryptocurrency hard forks, but one example is alternative cryptocurrency Ethereum that forked into two coins after the events of the DAO and currently exists as two separate chains, ETH (Ethereum) and ETC (Ethereum Classic).
The Ethereum fork is not a good analogy for Bitcoin because its network difficulty target adjusts every single block, so a massive drop in hash rate does not significantly impede its functioning. Bitcoin’s difficult target adjusts only every 2100 blocks - which under usual circumstances takes two weeks but in the event of a hard fork could be a month or more for the smaller chain. It is almost inconceivable that a minority of miners would willingly spend millions of dollars over a month or more purely on principle to maintain a chain that was less secure and processed transactions far slower than the majority chain - even assuming the Bitcoins on this handicapped chain didn't suffer a market crash to close to worthless.
Secondly, a hard fork is less likely to be a traumatic event than it is often portrayed in /Bitcoin:

What Happens Now

How do I check on the current status of opinion?
Coin.dance hosts some excellent graphical representations of the current opinion on the network.
Node Support Information
Miner Support Information
Users are also welcome to engage in anecdotal speculation about community opinion based on their impression of the commentary and activity in /btc and /Bitcoin.
Haven't past attempts to raise the blocksize failed?
There is no time limit or statute of limitations on the number of attempts the community can make to increase the block size and scale Bitcoin. Almost any innovation in the history of mankind required several attempts to get working and this is no different.
The initial attempt called Bitcoin XT never got enough support for a fork because key developer Mike Hearn left out of frustration at trying to talk around all the censorship and community blockading.
The second major attempt called Bitcoin Classic gained massive community momentum until it was suddenly halted by the drastic implementation of censorship by Theymos described above.
The most popular attempt at the moment is called Bitcoin Unlimited.
/btc is neutral and welcoming to any and all projects that want to find a solution to scaling Bitcoin - either on-or off-chain. However, many users are suspicious of Bitcoin Core's approach that involves only SegWit, developed by a private corporation called Blockstream and that has already broken its previous promises in a document known as the Hong Kong Agreement to give the network a block size limit raise client along with Segregated Witness (only the latter was delivered) .
What if the stalemate is irreconcilable and nothing ever happens?
Increasing transaction fees and confirmation times are constantly increasing the pressure to find a scaling solution - leading some to believe that further adoption of Bitcoin Unlimited or a successor scaling client will eventually occur. Bitcoin Core's proposed addition of SegWit is struggling to gain significant support and as it is already the default client (and not censored in /Bitcoin) it is unlikely to suddenly grow any further.
If the stalemate is truly irreconcilable, eventually users frustrated by the cost, time and difficulty of Bitcoin will begin migrating to alternative cryptocurrencies. This is obviously not a desirable outcome for long standing Bitcoin supporters and holders, but cannot be ignored as the inevitable free market resort if Bitcoin remains deadlocked for long enough.

TL:DR;

I don’t know anything about Bitcoin. Help me?
What’s the /btc vs /Bitcoin story?
  • Bitcoin is at its transaction capacity and needs to scale to onboard more users
  • The community was discussing different ways to do this until the biased head moderator of /Bitcoin Theymos got involved
  • Theymos, started an authoritarian censorship rampage which culminated in telling 90% of /Bitcoin users to leave. /btc is where they went. Here is the thread where it all started. Note the 26% upvoted on the original post, the hundreds of upvotes of community outcry in the comments and the graveyard of [removed] posts further down the chain. Highly recommended reading in its entirety.
  • To this day, /Bitcoin bans all discussion of alternative scaling proposals and /btc
  • Bitcoin is about freedom, and can’t function effectively with either an artificially restricted transaction cap or a main community forum that is so heavily manipulated. This subreddit is the search for solutions to both problems as well as general Bitcoin discussion.
What’s the deal with hard forks?
  • No TL:DR; possible, read the whole post.
What happens now?
  • Node Support Information
  • Miner Support Information
  • Debate continues in /btc, and generally doesn't continue in /Bitcoin - although posts referencing /btc or Bitcoin Unlimited regularly sneak past the moderators because it is such a crucial topic
  • Eventually one side or the other breaks, enough miners/nodes/users get on one side and Bitcoin starts scaling. This may or may not involve a hard fork.
  • If not, fees and average confirmation times continue to rise until users migrate en masse to an altcoin. This is not an imminent danger, as can be seen by the BTC marketcap dominance at its historical levels of 80+% but could change at any time
submitted by Shibinator to btc [link] [comments]

AIDUS 🔥Bounty Campaign🔥 (only 5 week)

AIDUS 🔥Bounty Campaign🔥 (only 5 week)
🔥Bounty Campaign🔥
We would like to invite you to join our Bounty Campaign! 🎉
☝️General terms and rules for participation 📃:
  1. The Bounty program starts on the 23 November 2018 and ends on the 24 December 2018.
  2. A total of 5,000,000 AID Tokens will be allocated to the Bounty Pool.
  3. One user can participate only with one account. In case that we note any double-registrations, duplicate accounts (except the initial one) will be permanently banned from the campaign.
  4. As a reward for the Bounty activities, you will receive AID tokens. Results will be declared 3 weeks after the close of the Bounty via the Bounty tracking spreadsheet and tokens distributed as per the AID token issue roadmap. The tokens are allocated to your wallet within 2 weeks of the AID tokens becoming available.
  5. To participate in the Bounty campaign, you must be at least 18 years old.
  6. For participation in Bounty Campaign it is necessary to be connected to @aidus_bountybot in Telegram
  7. Bounty telegram channel: https://t.me/aidus_bounty.
🔗 Get more information about Campaign and the rules through the Official AIDUS Bitcointalk: bitcointalk.org/ (https://bitcointalk.org/index.php?topic=5074580) ▪️Keep more attention to AIDUS news through AIDUS official channels!▪️
List of official AIDUS channels: 📍 Twitter: twitter.com/AIDUSofficial 📍 Medium: medium.com/@AIDUSofficial 📍 Reddit: reddit.com/useAIDUSofficial 📍 Telegram: https://t.me/aidusofficial 📍 YouTube:www.youtube.com/channel/UCO49UEg0xY3K933dkcfhZEA
※Telegram Chat Room operating time※ GMT: Mon. 00:00 -Fri. 24:00 USA (N.Y.): Mon. 19:00 - Fri. 19:00 Korea: Mon. 09:00 - Sat. 09:00 Japan: Mon. 09:00 - Sat. 09:00 China: Mon 08:00 - Sat. 08:00 Singapore: Mon. 08:00 - Sat. 08:00 Hong Kong: Mon. 08:00 - Sat. 08:00 #Aidus #AIDUSofficial #blockchain #blockchaintechnology #blockchainnews#digitalcurrency #crypto #cryptocurrency #ethereum #ETH #ethreumclassic#stockmarket #exchange #bitcoin #btc #bitcoinnews #bitcoininfo #litecoin#bitcoincash #iota #cardano #monero #eos #tron #ICO #FIDO
https://preview.redd.it/b6zj2cmjai121.png?width=852&format=png&auto=webp&s=e188f9143c03a1b31f0fd32a05c5cdb0b7ab54ae
submitted by locotoni to CryptoMangust [link] [comments]

ColossusXT: Armis Bringing Privacy Solutions To The Colossus Grid

ColossusXT: Armis Bringing Privacy Solutions To The Colossus Grid

https://preview.redd.it/dnttnaobv5u11.png?width=833&format=png&auto=webp&s=89029e0643b5dce2727652873ac078cdf5ccc934
Bitcoin Press Release: ColossusXT offers a cryptocurrency that tackles issues currently plaguing digital Coins of today by bringing speed, efficiency, and privacy. The Colossus Grid is a framework for sharing and utilizing computational power and storage.
October 24th, 2018, Wyoming, USABlockchain startup ColossusXT will address multiple digital coin issues with its decentralized grid, offering superior levels of speed, efficiency, and privacy than the majority of alternatives. In a sea of digital Coins, ColossusXT aims to stand out, using a framework called Colossus Grid.
ColossusXT provides an energy efficient method of supercomputing and offers a series of unique attributes that separate it from many alternative coins of a similar nature. For example, some coins have just one layer of privacy where ColossusXT and the Colossus Grid will utilize two layers of privacy through Obfuscation Zerocoin Protocol, and Armis (I2P) I2P. These will protect users of the Colossus Grid as they utilize grid resources.
ColossusXT uses Masternodes and Proof of Stake which both contributes to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and this means is that users will begin to experience the Internet as a seamless computational universe.
Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
PoS vs PoW
Users do not have to have a large number of coins in order to stake on PoS. This will determine how often they are rewarded but can stake with as little as 1000 ColossusXT (COLX). Staking Calculator: https://calculator.colossusxt.io/staking
ColossusXT also has two security protections that are not offered with PoW. PoS provides more security to prevent bad actors from attacking the chain. The company’s second layer is Master-node Technology. ColossusXT’s (TPS) is also currently faster than Litecoin, and has a feature for zero-fee transactions.
Providing Solutions
Instead of using more complex protocols to create workaround the above-mentioned issues, CollosusXT gives simpler solutions. The problem that ColossusXT addresses a lack of computational power to process all the DATA. (There are thousands of teraflops of DATA everyday), ColossusXT will provide an innovative solution, which is to use already existing computing power through the Colossus Grid, which can then be utilized to analyze the DATA as well as storing DATA through the Colossus Grid’s decentralized storage.
Website – https://colossusxt.io/ Whitepaper – https://colossusxt.io/whitepape Twitterhttps://twitter.com/colossuscoinxt Facebook – https://www.facebook.com/ColossusCoin/ Telegram – https://t.me/colossuscoin Discord – https://discord.colossusxt.io Reddit – https://www.reddit.com/ColossuscoinX/ Contribute an Ideahttps://governance.colossusxt.io/proposals
ColossusXT is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and coins are extremely volatile. There is no guarantee of a stable value, or of any value at all. Coinsales are only suitable for individuals with a high-risk tolerance. Only participate in a coinevent with what you can afford to lose.
submitted by ciwox to ColossuscoinX [link] [comments]

Thinking in Systems: A Cryptocurrency Primer

I recently wrote a text post Success to the Successful (or: why the moon is not far enough). In that post I explained Success to the Successful, an example of what is know as a system archetype, a recurring pattern that systems often take on.
I first came across the idea of system archetypes in the book Thinking in Systems: A Primer by Donella Meadows. I would like to use one chapter of this book to analyse cryptocurrencies, as it provides a convenient basis for comparison. I will focus on Dash and Bitcoin because I think this is the illuminating pair to compare, but I will mention others as they become relevant.
Donella Meadows describes a system as a set of things—people, cells, molecules, or whatever—interconnected in such a way that they produce their own behavior over time (p2), and as an interconnected set of elements that is coherently organized in a way that achieves something (p11).
Chapter 6 of this book is titled Leverage Points—Places to Intervene in a System. I will work through them in turn, briefly explain each, and use them to analyse cryptocurrencies. With any luck, this will also show ways to synthesise a cryptocurrency, ie consciously choose properties that meet intended goals. The leverage points are presented in reverse order, that is to say, point 12 is the weakest intervention point, and point 1 is the strongest.
12. Numbers—Constants and parameters such as subsidies, taxes standards
The essence of this point is that changing the tax rate from 18% to 25% or 13% makes no significant change to the was a system works. Donella Meadows says that numbers are dead last on the list of powerful interventions – diddling with the details, rearranging the deck chairs on the Titanic.
This means that it is of no real importance that Bitcoin has a 10 minute average block time, whereas Dash and Litecoin have an average of 2.5 minutes, or that Bitcoin uses SHA256 whereas Litecoin uses scrypt. It also means that the debate between (what is now) Bitcoin Core, XT, and Classic, over whether to have 1, 8, or 2MB blocks, the debate which has stalled Bitcoin development for longer than I can now remember, is over the least important part of the system. Meadows might have also called the block size limit debate in Bitcoin re-arranging deck chairs on the Titanic.
11. Buffers—The size of stabilizing stocks relative to their flows
In a bathtub, the tub is a buffer (or stock), whereas the tap and sinkhole are flows.
Dash has an interesting type of financial stock with its masternode collateral. A large amount of DASH is held by long-term holders to enable the decentralised masternode network, and acts as a sort of saving account for operators. But Meadows says this is a low-leverage point – whether collateral is specifically 1000 DASH, 100 DASH or 10 DASH is probably not significant.
10. Stock-and-Flow Structures—Physical systems and their nodes of intersection
This covers things like plumbing systems and road layouts. What is connected to what can significantly change how a system behaves, as a broken water pipe or a poorly-placed road quickly shows.
Cryptocurrencies don't have many significant physical stock and flow structures. The main one that springs to mind is the location of Bitcoin miners near hydroelectric power stations and other renewable power sources. Proof-of-stake mining removes that physical structure, but I won't consider that further as most top cryptocurrencies are proof-of-stake.
There is another type of structure, which is informational. This actually comes under the higher-leverage point 6. Information Flows, however I will describe them here, as they are revenant to points in between.
Dash has two very powerful structures that Bitcoin lacks.
First, Dash has proof-of-stake voting. Dash is able to collect the opinions of masternode operators (ie large stakeholders), and broadcast them in a verifiable way to the entire network. Bitcoin has no comparable system. It is like large BTC holders are each locked in their own room with only shouting loudly as a means of communication, while large DASH holders have internet connections and videoconferencing.
Second, Dash voting forms part of its treasury system, and controls a flow of money to development projects, which covers all activities that Dash needs. It can increase or decrease these flows at will. Bitcoin development is funded out of deep pockets, and is not necessarily driven by what holders want (as the previous structure is missing). In my mind I see this as a kind of hybrid structure: while technically it is informational (cryptocurrency money is pure information), it behaves in many ways like a flow of gold coins.
9. Delays—The lengths of time relative to the rates of system changes
Delays are the time it takes for one part of a system to react to another. They are the source of oscillations. Business suffers natural booms and busts because (for one reason), the time it takes to build up a business, means that by the time it is fully operational, the market may be oversaturated, and some will be forced to close down. Delays that are too short cause overcompensation, common on car dealer forecourts that routinely over- or under-order new stock. On a shorter scale, this is the source of flash-crashes in the stock market. Long delays make long-term planning impossible, for example building the correct number of power plants.
Mining hardware is extremely sensitive to delay – planning R&D and installation of mining hardware is fraught with uncertainty due to the long time scales involved.
Dash has enormously reduced one kind of delay: consensus formation. Thanks to the structure explained above, it is possible within hours or days to establish consensus of opinion among masternode operators, holding some together some 60% of the currency. For example the 2MB-blocksize proposal was resolved in a few hours. What Donella Meadows describes as diddling with the details was resolved as quickly as such a triviality should be.
8. Balancing Feedback Loops—The strengths of the feedbacks relative to the impacts they are trying to correct
A balancing loop is a structure that tries to correct a system that strays from its goal. For example: a thermostat keeping a room at a comfortable temperature; democratic voting keeping a political party from runaway despotism. Balancing loops are important because reinforcing loops are very powerful, and can throw a system out of control, like a steam engine running faster and faster until it explodes.
Thanks to its treasury system, Dash has a unique balancing feedback loop: the masternode network can cut funding to any project at will. That means that if – say – the Dash Core team adopted the same 1MB block size policy as Bitcoin Core, in defiance of the previous vote, the masternode network can bring the system back into control by cutting funding to Dash Core. This would not be the end of the matter (another Core team would be required to replace them), but it would start to resolve the problem with a much lower delay.
7. Reinforcing Feedback Loops—The strength of the gain of driving loops
This was the topic of the earlier post Success to the Successful (or: why the moon is not far enough), so I would suggest reading that for more detail, as I believe it is a distinguishing feature of Dash among top cryptocurrencies today.
To summarise, Dash has a loop where wise masternode voting funds successful projects, which increase the utility of Dash, which increases the price of DASH, which increases the value of the monthly development budget, which increases Dash's capacity to fund successful projects. Bitcoin does not have this loop: a rising price of BTC does not enable Bitcoin to develop itself more successfully, because development is not paid for with BTC, and it does in any case not have the structure to direct funds based on past success. Dash is inherently more able to develop itself than Bitcoin; it is already developing faster, and its development is accelerating thanks to this loop.
6. Information Flows—The structure of who does and does not have access to information
This is covered under 10. Stock-and-Flow Structures to make the flow of this post easier to read. But note that Meadows considered Information Flows as higher-leverage points, higher even than Balancing Feedback Loops and Reinforcing Feedback Loops.
5. Rules—Incentives, punishments, constraints
This covers everything from the physical laws of nature, through codes of laws enforced by courts, to the rules of trivial board games or casual agreements between friends.
Cryptocurrencies have some very hard rules. For example, to spend any BTC or DASH etc, you must be able to sign a valid transaction transferring the money from you to someone else. No amount of begging or pleading will sway the laws of cryptography, any more than begging or pleading can change the force of gravity.
The rules of the cryptocurrency block reward determine the incentives of participants in a cryptocurrency.
Bitcoin allocates 100% of the block reward to the miner of that block: there is a very strong incentive to mine Bitcoin blocks. However, there is no corresponding incentive for running a Bitcoin node. By splitting the block reward 45% to miners and 45% to masternode operators, Dash has ~4500 masternodes to Bitcoin's ~5500 nodes, despite the currency having a market cap somewhere around 1% of Bitcoin's. Also, Bitcoin has a balancing loop, whereby the more popular Bitcoin becomes, the higher the cost of running a node becomes, and so the lower the net incentive. Only companies and individuals who need to verify every transaction will run a Bitcoin node; with Dash, people will also run nodes because they are paid to do so.
One area where Dash is perhaps lacking in this section is punishments. Dash has an incentive that people are paid to do projects to develop Dash, and funding can be withdrawn if they fail to deliver, but they are not punished if they deceive or defraud. As Donella Meadows put 5. Rules quite high up the list, this suggests that adding punishments to negligently managed or fraudulent development projects might be a high-leverage intervention.
Meadows says that power over rules is real power. Who gets to decide the rules of a blockchain, decides the fate of a cryptocurrency. Who in Bitcoin, and who in Dash, decides whether blocks will be only 1MB in size, or whether they can be larger? In Dash, this is transparent, bearing in mind the complexities we considered earlier. In Bitcoin, it is considerably less so.
4. Self-organisation—The power to add, change, or evolve system structure
This covers evolution, the adaptation of an immune system, ants building a hive, DNA building an ant, members of a society agreeing on its laws.
This point is key why capitalism is superior to communism at generating economic development: the minds of everyone working as an entrepreneur, able to startup up and shut down businesses as they sense real demand, will always outpace the abilities of a central planner with limited information and limited capacity to process it. Simply, it creates a bigger, more adaptable brain out society, a more powerful mind to design and provide infrastructure, goods and services.
Dash has a layer of self-organisation at a higher level than businesses running on the blockchain. The treasury system works like a circulatory system, providing money to its DAO employees like nutrition to vital functions. This enables Dash to create development teams, marketing teams, market research teams, R&D teams, forum moderation teams and so on. The treasury lets Dash participants self-organise into a nervous system, and function as a viable, self-sustaining organisation.
3. Goals—The purpose or function of a system
The goal of a system is what it tries to achieve. The goal of a thermostat is the temperature it wants to maintain the room at. The goal of a political party is to get elected. The goal of a football team is to win the game.
What is the goal of Bitcoin? The Bitcoin whitepaper defines it as a peer-to-peer electronic cash system. What is the goal of Monero? The Monero website defines it as is a secure, private, untraceable currency. Dash? Well, Dash is digital cash – citation needed :)
Note that the block size debate in Bitcoin is really a debate over its goal – is it peer-to-peer cash, or is it a digital settlement layer for a Lightning Network? Dash has a consensus structure to confirm its goal, it has information and money flows to decide and fund its path to its goal, it has balancing loops to keep it in check. Dash has a clear goal; the goal of Bitcoin right now looks simply undefined. It's not clear who is in a position to define it. But Donella Meadows puts Goals way up the list of leverage points at number 3, so this matters enormously.
2. Paradigms—The mind-set out of which the system–its goals, structures, rules, delays, parameters–arises
At this point we may be stepping out of the sphere of any one individual cryptocurrency. What do we want as money? Do we want debt-money created by private institutions? Do we want hard money like gold? Do we want to return to peer-to-peer credit? Do we want centrally-planned money, or market-driven money?
I won't attempt to answer any questions here.
1. Transcending Paradigms
This is the idea to stay unattached, to realise that no one paradigm is true. Maybe the head of a central bank will come to understand the advantages of cryptocurrency systems; maybe a die-hard libertarian will appreciate the positive role regulation and government intervention can have in financial systems. Meadows describes this as to let go into not-knowing. For me it is to accept that everyone has their own mindset and the goals that this entails, and they come to this mindset through experiences no less real or valid than one's own.
At this point we have completely escaped the petty squabbling of 1MB vs 2MB blocks, and opened a discussion on what paradigm of money will best suit the needs of the modern world. That is a debate I think not even Donella Meadows would find easy to resolve.

I hope this analysis proves useful to someone. If it has peeked anyone's interested, I wholeheartedly recommend reading the whole of Thinking in Systems, which is both short and accessible to anyone with an inquisitive mind.
(Apologies for any errors, I've typed this quickly in a few spare hours)
submitted by ashmoran to dashpay [link] [comments]

A bunch of resources here about Bitcoin's problems, development and content related to Bitcoin and Bitcoin Cash.

This is a post involving Bitcoin, Bitcoin Cash including /btc and /Bitcoin and anything related to it.
The Bitcoin Whitepaper
PDF
1 The history between btc and bitcoin
Archive link
yours.org link
2 A brief and incomplete history of censorship in /Bitcoin
Archive link
3 User posts on bitcoin about 6900 BTC that theymos stole, post gets removed.
Archive link
4 Go to /noncensored_bitcoin to see posts that have been censored in /bitcoin
5 Theymos caught red-handed - why he censors all the forums he controls, including /bitcoin
Archive link
6 User gets banned from /bitcoin for saying "A $5 fee to send $100 is absolutely ridiculous"
Archive link
7 Greg Maxwell caught using sockpuppets
Archive link
8 [Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively"](https:// np.reddit.com/btc/comments/74se80/wikipedia_admins_gregory_maxwell_of_blockstream/)
Archive link
9 Remember how lightening network was promised to be ready by summer 2016? https://coinjournal.net/lightning-network-should-be-ready-this-summe
Archive link
10 rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains
Archive link
11 "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO
Archive link
Twitter proof
Twitter Archive link
12 September 2017 stats post of bitcoin censorship
Archive link
13 Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
Archive link
14 bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
Archive link
15 In January 2017, someone paid 0.23 cents for 1 transaction. As of December 2017, fees have peaked $40.
16 Told to kill yourself by Bitcoin for cashing out
17 Bitcoin is a captured system
18 Bot attack against bitcoin was allegedly perpetrated by its own moderator and Blockstream’s Greg Maxwell
19 Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".
20 Bitcoin Cash has got nothing new.
21 How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC
More evidence
22 Even Core developers used to support 8-100MB blocks before they work for the Bankers
Proof
23 /Bitcoin loves to call Bitcoin Cash "ChinaCoin", but do they realize that over 70% of BTC hashrate comes from China?
24 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
25 First, they said they want BCH on coinbase so they could dump it. Now they are crying about it because it's pumping.
26 Luke-Jr thinks reducing the blocksize will reduce the fees..
27 Core: Bitcoin isn't for the poor. Bitcoin Cash: we'll take them. Our fees are less than a cent. Core: BCash must die!
28 How The Banks Bought Bitcoin. The Lightning Network
29 Big Blocks Can Scale, But Will It Centralize Bitcoin?
30 "Fees will drop when everyone uses Lightning Networks" is the new "Fees will drop when SegWit is activated"
31 Adam Back let it slip he hires full-time teams of social media shills/trolls
32 The bitcoin civil war is not about block size; it's about freedom vs. authoritarianism
33 Why BCH is the real Bitcoin
34 Segwit does not block ASICBoost. SlushPool supports it.
35 We don't need larger blocks, since lightning will come someday™, the same way we don't need cars or planes since teleporters will come someday™
36 Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.
37 A explaination why Core's vision is different from the real Bitcoin vision
38 The dangerously shifted incentives of SegWit
39 Lighting Network was supposed to be released in 2016
40 You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction
41 They say we are trying to Kill Bitcoin. No, we are not. We are trying to save it, and make it usable for everyone, and everything. Not tomorrow. Not 6 months from now, Not 18 Months from now. NOW. That's what's going on Here.
42 Miners that want to pull out daily have to switch to BCH due to the fees
43 At $25 #BTC tx fees, if miners want to withdraw their revenue daily, they require a minimum of $140,000 worth of mining hardware to reduce the tx fee to less than 1% of their outgoings. At a $100 tx fee it requires min $560,000. Which is the centralising coin again?
44 Core developer : Bitcoin fees too high? You have invested in early tech! Have faith. Give us time.
45 A redditor even predicted the /bitcoin front page
46 Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s
47 /bitcoin is in uproar about Coinbase not implementing Segwit -> mempool mooning is single handedly Coinbase' fault. So all it takes to bring bitcoin to its knees is a single corporate entity not implementing segwit? Me thinks its not Coinbase there's something wrong with.
48 /bitcoin for years: No altcoin discussion, have a ban! /bitcoin now: use Litecoin if you actually need to transact!
49 $BCH has been attacked in every way possible since it's creation. Exchanges listing it with deceiving names and abbreviations; being dumped by bitcoin holders for over 6 months; and it still managed to close every month positively, while adding numerous new wallet/exchange pairs
50 theymos claims that the whitepaper is a historical artifact not worthy of being on the sidebar of bitcoin
51 Even a Bitcoin conference can't use Bitcoin because of it's high fees
52 185% Growth in Active Addresses for BCH in 1 month, 125% for ETH, -5% for BTC
53 Shapeshift: "Sub-$100 fees unadvisable on BTC." Core supporters: "Implement Segwit already!" Shapeshift: "We did. We're the biggest user of Segwit."
54 How btc and Bitcoin see each other
55 Man who vandalized Bitmain's office hired by Blockstream
56 Bitcoin Cash vs Bitcoin Core compared. Just the facts
57 It was obvious from the very beginning that #Bitcoin transactions were meant to be as cheap as possible. Bitcoin Core has destroyed Bitcoin's usefulness as money by creating a system where $30 fees are celebrated. - @Bitcoin
58 User explains why Core's vision is not the real Bitcoin vision
59 Fake Tweet from the president bashes BCH on /bitcoin front page. Calling it exactly what it is will get you banned.
60 A public appeal to Michael Marquardt the original Theymos.
61 Now they are angry at the CEO of Coinbase for supporting BCH. It's like you are not allowed to have your own opinion without getting attacked.
62 bitcoin user says Bitcoin should not be used as a cryptocurrency
63 The five stages of grief, transaction fees
64 A brief history of the attempted takeover of Bitcoin by BlockstreamCore/The legacy banking systems/The Powers That Be
65 Warning! Theymos admitted he 'misled millions of people' yet he wanna 'leave the text as it is' to mislead more people!
66 "Wait. What? My private keys need to be on an internet-connected computer in order to use Lightning Network?"
67 a year ago Adam Back accused u/Jacktenz of exaggerated claims about fees. The truth is the claims were understated!
68 Roger Ver was not selling explosives, he was selling firecrackers.
69 Core devs pop champaigne, and openly celebrate high fees. Now core supporters blame coinbase for high fees?
70 Now that we've had a few 8MB blocks, let's dispel this centralisation myth once and for all.
71 Reddit admin sodypop on censorship in /Bitcoin: "We generally allow moderators to run their communities how they like as long as they are within our site-wide rules and moderator guidelines." Blatant censorship, hacking, vote manipulation, and brigading are "within [Reddit's] site-wide rules".
72 Another obvious sockpuppet account being used to push Blockstream's agenda.
73 Totally organic grassroots support for the #NO2X "movement." Definitely not a purchased sockpuppet account, you guys.
74 Why Bitcoin Cash
75 If it’s inaccessible to the poor it’s neither radical nor revolutionary.
76 BSCoretabs shills are vandalizing Wikipedia to smear Roger Ver with false quoting, missparaphrasing and accusations.
77 Introducing dipshit extraordinaire Warren Togami, the link between Theymos and BlockStream
78 Debunking: "Blockstream is 3 or 4 developers out of hundreds of developers at Core" - Tone Vays
79 This blockchain debate is purely political and is not about scaling but about control. X-Post from /bitcoin
80 A profile to look at for more evidence
81 What exactly is Blockstream Core's excuse for causing a year of stagnation in Bitcoin with no end in sight?
82 We have a way to build bank-like services.
83 "There is a reason why things are done in a certain way in the financial system, and Bitcoin will be doing something similar"
84 Some thoughts about the possible Bitcoin Segwit, Bilderberg/AXA/BockStream/Core, In-Q-Tel, CIA connection.
85 Theymos on Bitcoin XT
86 (If this is not allowed mods, please remove this text) I cannot verify this yet, but a source has given me information about theymos. theymos is known as Michael Marquardt, from Wisconsin and is a graduate from the University of Wisconsin as a computer-science student.
87 A video that Blockstream does not want you to see
88 A story of how someone was brainwashed
89 Bitcoin Cash is not a scamcoin
90 What /btc is up against
91 OpenBazaar dev explains why they won't implement Lightning Network
92 An extended history of Bitcoin Cash
93 Should I trust Bitcoin Cash ? Roger Ver seems shady
94 /btc gets brigaded and blackmailed
95 Bitcoin Core talking points translated honestly
96 Possible attacks on Bitcoin. One of them did happen
97 How many people are aware that Bitcoin Cash is a manipulation made by Roger Ver, CNBC and Coinbase?
98 Why Rick Falkvinge chose Bitcoin Cash
More from Rick
99 Can Bitcoin Cash scale on-chain?
100 Are bigger blocks better for bigger miners?
101 Jonald Fyookball corrects the misinformation
102 A developer, Luke-Jr, in the Core team is crazy
Thanks to singularity87, 103 to 106. There are more in his link
103 Using the HK agreement to stall miners from adopting bitcoin classic
104 Luke-Jr would be fine with having Jihan Wu executed
105 Theymos threatens to write to the SEC
106 Matt Corallo writes to the SEC to make Core’s BTC the “official” btc.
107 Re: BCH as an altcoin
108 The difference between BTC and BCH
109 Someone asks why Bitcoin Core refuses to increase the blocksize
110 Bitcoin back then : 1, 2, 3, 4
Always remember. You can choose not to support BTC without supporting BCH. This post is intended to show the people the truth. If you already know and you don't care, then you might as well choose not to comment.
BCH has been constantly under attack by FUD and misinformation from many people in this subreddit including /Bitcoin. Everything is now debunked.
For those that are lazy to go through all of the links, just read #1 and go to https://derekmagill.com/bitcoin for shorter content.
submitted by thepaip to CryptoCurrency [link] [comments]

False claims of ETH shills: more developers / development and other comparisons

Disclaimer: Coins are named only for examples, not praise. All coins have issues and downsides. Focus here is on false claims.
These ones typically come in several flavors:
*
"More Developers"
There are often claims more developers are working on Ethereum. Github is a great resource for checking that claim and comes out false when compared to BTC, shows huge reduction in early acceleration, and overlooks significant development distributed across hundreds of others cryptocurrencies. [1,2]
*
"Stalled development [for competition]"
Another claim, often for at least a year aimed at the oldest cryptocurrency bitcoin, are that it "stagnated" or "it can't scale" or "haven't been updated" or "no development" to imply any updates on eth are better than zero on bitcoin. This misrepresents how much work is being done even by core volunteers:
BTC is likely chosen for publicity and easy target with oversimplified metrics, and implies Eth is obvious solution because it can do "more".
When questioned about what more eth can do that can't be done by another method, the best answer the eth core developer could come up with are tokens or multisigs [1] with same conclusion reached by similar platform developers [2]. However, tokens and/or multisigs are available on many platforms before Eth (BTC, XCP, OMNI, BTS, NXT, more) which are often overlooked for comparison. Sometimes tokens are even associated to be invented by Ethereum [1] or inventing smart contracts [1,2] which are both false.
Good example of features on eth roadmap that could be compromised easily are zk-snarks that introduce trusted setups [1].
Features are only objectively described desired or undesired, but generalized praise of extra "features" is misguided as they are not always solving real problems and/or they come with tradeoffs. For example, security risk of a larger attack area and untested tech [1]. More tested builds, more stable builds, or minimized attack surface can be described as a major features by themselves. Additionally, same features can be implemented in different ways providing different levels of security compromises and other tradeoffs, such as smart contracts on main chain (e.g. eth) vs sidechain (e.g. btc-rsk, lisk).
*
"It's faster, no backlog, lower fees [than competition, usually BTC]"
Once again, saying one is better than the other is subjective and not simple.
Many coins promote fastelarger blocks and "better" scaling ignoring downsides of those decisions. It's often suggested it's not a clear metric, and there's no clear "better".
Why not just make it as fast as possible? Trade-offs.
Simple block increase will have numerous trade-offs and concerns [1,2,3] and comes down to choice and priorities.
Decreasing block time comes with disadvantages and isn't a good metric of speed, could compromise security (e.g. orphans), may require more confirmations to get same level of confidence, and more [1].
Maximum speed capacity varies between blockchain designs and while being a quantitative metric of possible throughput, does not include other trade-offs. Different consensus algorithms and optimizations cause enormous ranges in possible throughput and tradeoffs (e.g. XRP, BTS, STEEM, NEM, WAVES, NXT can operate many orders of magnitude now faster than ETH,BTC, but are they more reliable or secure? We're still learning and debating [1,2,3]).
Blockchain bloat (from increased speed + other data on chain) would disqualify many from being able to check entire history on full nodes. [1,2,3] Blockchain bloat is a major issue with ethereum due to design choices with no solutions (sharding) in near future [1,2,3]. From (2), "TL;DR It's close to impossible to keep a full copy of blockchain and state on consumer hardware."
Backlog can appear on many blockchains and not sign of quality: e.g. 2017-06-20 Around time of Status ICO appeared 4x larger backlog on ETH than BTC while processing transactions at same rate. [1,2,3,4,5,6,7] with more examples possible. They can be created maliciously as one of the attack vectors [1,2].
"Long confirmation times and high fees" are two opposing issues since higher fee causes smaller confirmation time. Median confirmation time for example for BTC has not increased drastically even with backlog. [1]
Fees are often used as one of the methods to prioritize transactions to prevent spam "sibyl" attacks to cause unsustainable growth by making it expensive (most common, but not only solution). For example, median tx fees on eth are higher than bitcoin's were only months prior even while processing less transactions [1].
Sometimes speed and transactions are used as adoption statistics, but it's not as clear due to same users doing many transactions [1] or popular applications using a blockchain [2].
Stability and reliability of a blockchain are often a major tradeoff and a desired feature when talking about value. "Store of value" is often joked about as a simple goal, but while many blockchains have operated successfully for years (e.g. 7-9 years for BTC), ethereum has a strong history of security compromises only months apart [1,2,3,4]. Even more serious is centralization in Ethereum demonstrated clearly in the past, rendering all the other security issues minor by comparison [1,2,3,4] erroneously praised sometimes as ability to update fast instead of via willing consensus. Alternative solutions for fast updates while allowing user input exist in other blockchains but do not even appear on Ethereum roadmap.
*
"EEA/(Insert company here) is backing Ethereum, (Insert big company here) is building on Ethereum" (again)
They are probably not. Name dropping is becoming common to get others to buy ether coins.
The idea used here is to deceptively call modified clones of a blockchain by same name as the original blockchain to attract more buyers while they have nothing to do with their publicly traded chain, hard to say when on purpose and when due to lack of technical knowledge. That's like calling any blockchain using anything remotely like bitcoin chain also bitcoin, which would be an enormous list. Does that mean people using separate chains are "backing" the original? Don't see why.
Most members are simply getting free code to modify and build their own private chains that have nothing to do with ether fuel you buy. [1,2] Additionally, fundraising using eth token doesn't imply it will use the public Eth chain. Security issues of public Eth chain are a major concern for many companies and projects [1,2]. Most projects are also simply tests and sometimes might use testnet. Additionally, use of EVM is not unique only to public ethereum chain.
TLDR: many of common Eth shill claims are oversimplified and simply incorrect.
[work in progress]
submitted by newweeknewacct to ethereumfraud [link] [comments]

Nyancoins Megapost - Central Link Collection

Edit: Going to finally start an overhaul on this (April 23rd, 2016); it's been six months since the last edit. I'm going to go from current back, so there's going to be a gap between this top, new stuff and what's below until I finish the update.
I'm just going to have the last six months all shoved together into one large update here. There's weak categorization, but basically just think of it as a huge list. In general, the newer items will be higher within a given category than the older items. I apologize if I left anything out which people would like to see included. Some things I considered more of a temporary update than something relevant months later, but just PM me and I'll add anything requested!
We're currently in a quiet low point. Nothing catastrophic is happening, but we are relatively weak. I call it "the best nadir" because if this is as bad as it gets, we're doing alright. The price is down to 4 satoshi now, which is the lowest sustained price since the beginning of the revival. I'm going on a year behind my original goal for releasing NYAN2, still stuck on a new build computer (alternately time and energy to cripple together a build system out of what I have available).
One major new element: I've set a goal for us to have a mission to visit the site of Apollo 17 in twenty years. This is basically a new dimension. For the first ten years, I envision this as a purely "paper program", doing research on past space programs, in particular Mercury through Apollo, but any and all launch platforms and spacecraft which have been done. We may additionally seek to gain additional education (for instance, I would like aerospace engineering and material science undergraduate degrees at a minimum; we also are going to need experienced test pilots).
Space Program Initial Vision: [NYAN 2035] We must send a mission to visit the site of the Apollo 17 plaque on the Moon
Also, I've replaced the previous "Nekonauts of the Month" competition with a "Who Wants to be a Nillionaire?". The major difference is that rather than relying upon me to track everything, the expectation is that Nekonauts will sign up and self-report accomplishments.
Nyan Projects
[Hype] Browser based MMORPG accepting Nyancoins for member items: KojoSlayer's latest foray into nyan video game development! I've seen an early preview and it reminds me of a primitive Runescape (meant as a compliment)
Fun Posts
Insert NyanDisk 1 into Drive A:: NyanDOS!
Nyan like it's 1999 ....: telnet into nyan!
[breaking news] Nyancoins will be bought out by Garza in a last-ditch attempt to save Paycoin - April fool's post
Trumpchain on Twitter: "It can happen. Our blockchain has tremendous potential. We have tremendous people. #MakeTheBlockchainGreatAgain" - Terrific shitpost; really fantastic!
Join the Nekonauts today! - Cool nyan poster
"I really hope Satoshi is finally dumping and declaring that, like, Nyancoin is the true bearer of his vision." - CountOneInterrupt - My favorite idea ever
Nyancoin Zen - So cute. This may be my favorite nyan image ever for its understatement and beauty.
High Definition Nyan up close - Amusing
Making PC more Nyan-Friendly! - cute; amusing. Such nyan!
Typical Nyancoiner breakfast. - DobbsCoin is great with this stuff!
[meta] [misadventures of coinaday] [Pizza Boy Adventures] Late Night Pizza - Just a little choose-your-own-delivery I wrote during my stint as a pizza delivery boy.
I don't know how I wasn't aware of this site before - I still can't believe there's an entire site for this!
Get NYAN
Want more NYAN? Faucet Mrai and trade to me for NYAN (and then hodl!): What is says on the tin. The faucet is down temporarily at time of this writing, but it'll be back up before I update this section likely. The price offered there is low (mailing list mentioning 200-300 satoshi currently; my offer is worth about 2 satoshi currently); I would consider higher, but probably wouldn't pay those apparent market rates (no actual exchange yet).
Force Multipliers
Content about the difference a determined person can make. Intended as inspiration.
[Force Multiplier] [Original Content] [pdf; 23 pages] Archimedes and the Siege of Syracuse - Previously unpublished paper I wrote for a history course in college.
[Force Multipliers] [Military History] Julius Caesar's Greatest Military Victory (Video; 10 minutes) - An explanation of achieving victory in an apparently unwinnable situation.
[Force Multipliers] [Naval History] Korea: Admiral Yi - I: Keep Beating the Drum - Extra History - Incredible loyalty and dedication from this greatest Admiral saved his country
Philosophy
Content which fits the themes of fun, self-improvement, and service to others.
Wikipedia essay: WikiLove - I think Wikipedia's policies are in a lot of ways something to look up to. It's true that they're stuck in bureaucracy now, and have driven away many experts, but they function and their policies have helped to give some structure to the anarchy.
[US history and macroeconomics] [59 minute video] Thom Hartmann, "The Crash of 2016" - Interesting video. I think the predicted outcome is something of a longshot, but it's interesting to me that he called Sanders as a major factor in the election years ago.
Taylor Mali, "Words and Their Consequences" (68 min video) - Poetry and philosophy
We Are One - Didn't get any attention at the time, but this is a general statement about the power of people working together.
A Message of Hope for the World - What's the point of Nyancoins? To inspire people.
A brief word on censorship - tl;dr: Censorship is bad, m'kay?
Who Owns Nyancoins? - Hodlers.
To The Moon is Not Enough: 100 Year Planning - About the importance of an unlimited time horizon. We build to last.
General
Catch-all category. Okay, this category got out of hand. I should do a second round later and break this out into a few different ones.
The best argument I've heard so far for keeping the 1MB cap in Bitcoin - I still think it would have been better for Bitcoin to grow, but this is the strongest argument for its stagnation in capacity that I've seen.
[conceptual design] How we should expect 100,000 transactions in a minute (or second?) to be handled - This is about the idea that we should expect to be able to handle large loads without crashing. Pretty basic. Related to an /cryptocurrency post I'd made: 100,000 Transactions Per Second: How Do We Get There?, which gives a very high-level overview of one way to reach high throughput capacity using blockchains.
Interesting cryptocurrency to try: raiblocks, protocol without transaction fees or block rewards - I think Raiblocks will be a valuable "companion coin" to Nyancoins ultimately. I don't know how exactly that'll work, but I believe that good cryptocurrency communities should make alliances. If nothing else, we can be valuable to each other as the "loyal opposition", critics who want to see success.
Coin-a-Year: Nyancoin : link to /CryptoCurrency post - Summary of the first year or so of NYAN revival
[far future concept] Nyanshares, Nythereumbits, and all-in on 37 rainbow - A double post: first part describes a possible spin-off, hybrid, 'companion coin' we could make in future years. The second part talks about what a gamble NYAN is.
NyanCoin compilation guide and downsizing nyan.space / NyanChain [semi-meta] - Has a link to a guide for compiling nyancoind on servers.
[meta] [misadventures of coinaday] Stuck in the Dihydrogen Monoxide - Another in a series of coinaday posts proving "play stupid games; win stupid prizes"
[Data] Faucet Stats - KojoSlayer's faucet stats
Thing to do a thing that can't do that thing.... - Bit of code for pulling BTC/NYAN feed from Cryptopia.
Fresh builds, coming up! - initial report from vmp32k on attempting to modernize the codebase
DigiShield - suggestion for different difficulty algorithm
BIP101 implementation to be made available for altcoins - prohashing announcing that they will have a Scrypt BIP101 implementation; this is planned to be our base for NYAN3
Year 1: Acquisition and Triage ; Year 2: Acquisition and Build - Optimistic; in reality, year two of the revival has largely been me just trying to survive. Hopefully more acquisition and build as the year goes on.
[technical] [financial] Price Stability and Consistent Hashing - Basic theory. If we have consistent prices, we'll have more consistent hashing.
[technical] [forking] [NYAN3] Should running old defaults be considered a vote against a hard fork or should the veto need to be explicit? / General voting discussion - What it says on the tin. I haven't gotten feedback on this yet. It's far in the future, but I think it's a critical question. I'm not sure which way is correct.
2015 in review: overview - Initial summary of the previous year; written before the Coin-a-Year post which did similar
[meta] [finance] [misadventures of coinaday] Paying Debts - Since writing this, I've gone further into debt. I need to get my personal finances together this year, for my own sake, for the sake of those I owe, and for the sake of Nyancoins.
Countdown to the Second Halving - The current block is 1168851 as I write this; we've got less than 350,000 more blocks until the third halving!
I updated the major risks page for Nyancoins to include mention of the fork bug and 'time warp'. Please review and comment. - bolded for visibility; I consider the risks document and making sure that we inform potential buyers as much as possible to be a critical requirement for us
[technical] [security] Time warp, fork bug, disclosure policies, and practical results: a working system despite flaws - Discussion of the success of Nyancoins as a working system despite its technical vulnerabilities.
Zero Fees (*) - Discussion of the role of zero fee transactions and why I consider them important
[finance] [meta] [Misadventures of coinaday] overdrafts and consequences / Cryptopia 1sat Dump - Discussion of my stupidity and its consequences on Nyancoins' financial health
[technical] NIP 1: Base NYAN3 on XT - I consider this critical. We will make a statement about not following the path Bitcoin is currently going down. This is not urgent for us because our activity is so low, but it will be part of building a strong foundation for the future.
Hodling Update: 30% - I haven't done the math recently. I'm probably within 5% of this, but I don't know if I've gone up or down. I haven't given away a whole lot, but I have put no new money into Nyancoins for months from being so broke. I've still gained some millions more from when my 5 satoshi bids got hit though.
[finance] Up? Down? Horizontal? - Considering 30 - It's pretty sad how far we are from 30 satoshi now (4 satoshi at the moment). I believe we'll get it back ultimately, but the revival certainly hasn't had the financial success I'd hoped.
Dice soft launch - Not sure of the current state here. Check with KojoSlayer.
State of the NYAN October 2015: An interlude for gratitude and yearning for more - I should get back to doing these monthly eventually. Right now it's quiet enough that there doesn't seem to be a real need.
[financial] NYAN vs DOGE as a long-term store of value - What it says. I believe that the lower supply inflation and smaller supply of NYAN will ultimately lead to NYAN trading above DOGE (currently trading at less than 10:1).
[finance] [stats] [gaming] Breaking the Bank: Risk-of-Ruin, Dice Games, and Basic Logic - I'm pretty proud of this one. By having more money than god, and a screwed up default max bet rule, I was able to beat the house. 8-)
100M - Talking about the remaining supply and the implications.
I think I'm done with this update (at least getting the new content in; I have not changed the old text and content, which is everything below).
Since I can only have one thing stickied at a time, but there are a lot of different things going on, I've switched over to having one main link collection post. And this is it.
I'll update this periodically (I'll try to do a major update once a month) and might replace it at some point. It'll have general discussion of the context behind why these various threads are significant.
I'm doing August and September together for Nekonaut awards and updates here since I got a bit busy at work. NYAN2 is released as a first-draft, but I haven't built it yet (nor done final changes and fixes). I need a computer with more RAM than what I have available to me now. However, I'm quite satisfied with the performance of NYAN1.2, ancient though it may be, so I'm not treating it as an emergency.
The biggest news is that we are now listed on cryptopia.co.nz ! They are a great community and provide better ecosystem support than most exchanges: they include a pool and explorer along with the exchange. And their exchange has a lot of basepairs, with NYAN/BTC, NYAN/UNO, NYAN/DOGE, and NYAN/DOT being relatively active, NYAN/LTC being quiet, and the other two (popularcoin and feathercoin) being unfamiliar to me and generally unused.
Oh, also, when I've taken a look at it, the Nyanchain seems to be running smoothly. I haven't been watching too closely, but the status page is usually showing all green. I especially like seeing the high number of connections (generally close to 30). [Comment from July version; still accurate. I should get automated metrics on the Nyanchain someday, but in the meantime, it seems to be moving pretty smoothly anecdotally.]
Top stories from August and Septemberish
Nekonauts of the Months, August and September 2015 - Combined awards, three awards for 1M as a result, and such. Just check it out. :-)
New IRC channel and tipbot - This came about during the listing process; we are now at #nyan2
WE ARE LIVE! Cryptopia added us just now!! - Culmination of the process of getting listed on Cryptopia. After leading in user votes and DOT votes after the first couple days, the admins decided to add us. So as I count it, we won three votes. :-)
Looking good on Cryptopia so far - My early reaction to the exchange.
The past few days. - Repost of a classic, which is always a good idea in NYAN, given our rich archives.
Miners We Need YOU! - Brief discussion by KojoSlayer about the importance of miners to the Nyancoin ecosystem.
Nyancoind Dockerfile (for the tech-nyans) - Cool demo by vmp32k
Nyancat all up on your Vim command line. - Cool xpost from /vim.
[financial] I hit a positive balance on Cryptsy-NYAN again - I started buying on Cryptsy. I've since withdrawn from Cryptsy and am working on eliminating my balances there, but I've got a lot of altcoins to consolidate yet.
100M - A discussion of the remaining supply to be generated (now under 100 million more coins)
Top stories from July
Gitian Build Instructions - !!! This is exactly what I was trying to figure out. With this roadmap, we should be able to help others build *coins with gitian as well as provide a solid introduction to our own community members. This should be linked and submitted for feedback elsewhere; I should report back to the Litecoin thread with a link to this for discussion. I cannot overstate how important I find this contribution.
Nekonauts of the Month, July 2015 - Still going with this. I may not always get this perfect, but I hope that it will help add some motivation and recognition to the community who is building the next generation of Nyancoins.
Ɲyancoins for Nekonauts! [designs] - Some logos and concept art; a start by W7phone; we hope to see more of this type of thing!
[hypothetical] What would it take for us to be able to start our own Nyan exchanges? - tl;dr: Let's get setup on some decentralized exchanges!
Linux Nekonauts: Building nyancoind - I should get this in the sidebar somewhere. An excellent first post by gentlenyan !
Top stories from June
Nekonauts of the Month, June 2015 - Latest round of awards; I plan to keep doing this each month for as long as I can
[community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community - A discussion of the importance of you to the success of Nyancoins
vmp32k launches a beta of a faucet - When is this going live?
kojoslayer launches a faucet
Various post on mining being stuck - we are still a bit spotty, but it seems like it might be a bit better. We could use something more than just an instantaneous status page; if someone wants to make something which does statistical analysis of the performance of the nyanchain, that would be awesome.
Broke through the 40 satoshi ceiling, and Plagiarizing great speeches in history and claiming to have a community mandate: Coin-a-Day writes inspirational pap as we stand on the verge of breaking through the 50 satoshi ceiling and envisions the glorious future ahead - and rather more. The price dipped back down on Cryptsy since, but we had a nice rise for a while. I'm hoping that when we get an exchange we have confidence in, we'll see more buying again.
Warning: Cryptsy does not process large NYAN withdrawals - This is why I recommend not using Cryptsy; plus this
Top stories from May
First off: Ɲyancoins needs YOU! - This is a discussion of how all of us have something we can do for Nyancoins, and how improving your own life is absolutely one of those things.
Nekonauts of the Month, May 2015 - This is my first month running this competition. I'm looking to recognize people who are active and contributing to the community and to give them NYAN to help further whatever they'd like to do next.
The network is stable! - Thanks to a new miner, spydud22, we are showing all green on status!
Wow, very large chunk of NYAN at 40 satoshi (6 million) - The title is outdated; there's about double this volume now. [Edit: And now the title is accurate again.]
Initial notes and thoughts on the Nyancoins client update - I've identified the approximate version of Litecoin that Nyancoins is based on and looked at a diff. It looks reasonable and do-able. I haven't yet looked at the latest branch on which I'll apply these changes.
Nyancoins 2.0
https://github.com/mathwizard1232/nyancoins/tree/nyancoins2 - first draft of NYAN2
(intentional duplication from top stories for July; I consider it that important): Gitian Build Instructions - !!! This is exactly what I was trying to figure out. With this roadmap, we should be able to help others build *coins with gitian as well as provide a solid introduction to our own community members. This should be linked and submitted for feedback elsewhere; I should report back to the Litecoin thread with a link to this for discussion. I cannot overstate how important I find this contribution.- earlier working notes
Cross-platform Gitian builds - Discussion about getting Gitian builds to work for Mac without access to a Mac.
Initial notes and thoughts on the Nyancoins client update - Right now I haven't had time to do much more on this, but I need to work on doing the Litecoin gitian build yet.
Gitian Build - jwflame's initial notes on trying the gitian build
DLC
Distributed Library Coin; stealing^Wrepurposing the ideas of others - Introducing the concept; basically a virtual lending library for the community; Learned Optimism is offered.
[DLC] Siege of Earth - Second post, offering Siege of Earth, a classic sci fi tale
Minecraft
[Idea] Minecraft NyanCoins - KojoSlayer is making a cool Minecraft Nyancoins faucet sort of thing (get Nyancoins for playing Minecraft).
[Sneak Peak] Nyancoin Minecraft Server - This project is moving forward quite quickly! See also /NyanCoinsMC for more information.
[Beta] Launch Nyancoins Minecraft Server : NyanCoinsMC - BOOM! I'm amazed at how quickly this has gotten setup. Go check it out!
Background / theory
Overview of major risks of buying Nyancoins - I've tried to collect every risk I could think of in this one place. This is important reading before investing.
Nyan's core principles and why they matter
draft one of Cold Storage 101: How to secure your coins for long-term hodling - I need to incorporate the suggestions still, but between the article and the comments, this is decent.
I will work harder: in which Coinaday reports for duty - My statement that this is going to a new level for me: I'm considering this my dream job now, rather than just my hobby. I'm dedicating myself to serving this community as best I can.
[community] You are a leader of Nyancoins / Herding Cats: Leading Leaders; Leadership in a Decentralized Community - This is a discussion of the importance of each individual, in particular you, to this revival.
A really good read about fiduciary duties in running an exchange - discussion of the responsibility one takes on in managing money for others
[rant] In response to "there is only BTC [and maybe LTC [and maybe DOGE]] AND DEFINITELY NOTHING ELSE MATTERS" - Possibly amusing rant.
My most worthless and most valuable coins: Comparing DIME and 42 - A discussion about interpreting spot price in context
[theory] Bitcoin discussion of hard forks - Talking about the risks involved with a hard fork
Rooting for LTC's Rally to Hold: Nyancoins and the Cryptocurrency Market - Nyancoins do not stand alone. Although it's easy to see the rise of another cryptocurrency as weakening us, because we might trade lower against them temporarily, I believe that a stronger CryptoCurrency market as a whole will be important for our long-term health.
[financial] Cryptocurrency valuation models: Considering Nyancoins as a zero-coupon bond against the community
Classic Posts
Why Nyancoin will hit $1/NYAN (and much more). We're going to space, and you're invited! - This is an infamous post by americanpegasus. I believe it was actually someone mocking him in /bitcoin by linking to this which first made me aware that Nyancoins existed, and got the idea in my head that it was a deadcoin (from seeing a post/comments on the sub at the time which claimed that). So the dream of this post was actually so bold that it brought it back from the grave, because it was bold enough to be mocked, and that mockery eventually led me to investigate it, and that investigation led me to fall in love.
1Ɲ >= 1Đ - This is a vision I have, that we shall rise above DOGE. This is not a dig against DOGE but merely a statement about the growth I expect to see us have. There are about 500x as many Dogecoins as there are Nyancoins, so even if we remain significantly smaller we can easily pass their unit price. We've done so briefly previously but are currently below this mark.
We choose to go to the Moon - This is my manifesto about why I am doing this. Cribbed from JFK's moon speech, it is meant to express that it is because of, not in spite of, the challenges that we face that I am here. This started out as a personal challenge. While I certainly would like to get rich off of this, the reason I chose to pursue this is because if we do then, then we're awesome badasses that people can be impressed by.
The original Nyancoins intro video - wasn't really sure where to categorize this
Older stories
I'll move stories down here as they get older. For now it's the block stoppage stuff as that seems to have stabilized.
Holy shit, 22 hours since the last block. At this rate, I'm going to have to start solving hashes by hand... - This was my post about the block stoppage.
Difficulty has spiked again; if we hit another stall I'll try the transaction fee trick again - Another block stoppage, and a record of my attempt to use the same trick to break it loose again (transaction fee incentive).
I'm ready to give up on life; in which coinaday finally has his full-blown mental breakdown. So long, and thanks for all the rainbows! - My personal mental breakdown. Just listed here because it made an impact. Also, it was an amazing response from the community which meant a lot to me.
Fuck it; encore une fois - My reaction afterward, saying that I'll give things another shot.
GFS
Disregard the below: GFS has been down for a few months and probably won't be back. At one point, this project had been offered to me, and perhaps I should have taken it, but I felt like I was already heavily committed here and couldn't take that on as well. It's a shame that no one managed to keep it running though. I really liked the idea.
Disregard the below: it's back down again, last I checked. Not sure what to link on that. The new bot got mildly political again / referenced being a shadowbanned user, and bam. I'm not sure where this is going to go now, if anywhere. Although I suppose the on-blockchain stuff isn't affected, and I'd wager go1dfish will do something again.
/GetFairShare will be attempting another distribution today; go try it out! - GetFairShare is back! Go get free money!
I don't really understand what's going on, but apparently the bot used for /GetFairShare got banned - Some background on GFS having gone down
I think that this will continue to be useful as we gain a larger and larger volume of posts and help me not have to worry about burying something significant posted a couple weeks back or something.
Also, right now I'm just gleaning from the frontpage, but I'll add in some great classic posts too.
Let me know in the comments if there are other posts you'd like to see added here.
submitted by coinaday to nyancoins [link] [comments]

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