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Please note Reddit automatically censors all Telegram links, this cannot be overridden by mods.
Wow! Now please play responsibly Mark. Good luck from the BCH.games team 🤞
Zero-Day Remote Bitcoin DoS on bitcoind CPU. Blockstream associates are covering it up on GitHub - but they don't control reddit! At least this sub anyway..
Please try to keep discussion civil
Please try to keep discussion civil
>you are posting on a subreddit controlled by a private company.
I'm the top active mod on this sub and I have never received any compensation whatsoever for my work here, which is 100% voluntary. Moreover I am self employed and do not earn any income from any cryptocurrency related company in any form whatsoever.
As far as I know, none of the other other active mods have ever been compensated for moderating. I can't speak for inactive mods since they have not performed any moderation or participated in any moderator discussion during my tenure.
I've also never been directed by anyone to moderate this sub in any particular way whatsoever.
Your claim is, in a word, **bullshit.**
**Ecash is not a rebrand of BCH.** BCH is BCH and ecash is a *fork* of BCH that failed to keep the BCH majority hash and then rebranded from "Bitcoin ABC" to "eCash" (largely because they have abandoned key Bitcoin principles and technology).
You're allowed to shill eCash on this sub. However please don't post outright disinformation like this.
Sorry, just saw this. You posted a link to Telegram. Reddit bans all links to Telegram sitewide. Subreddit mods are powerless to approve them. Please don't use links to Telegram because it will result in your comment or post being censored without recourse.
I asked some [q's to pat already](https://t.me/bchbuilders/22584), I think the conversation will be useful to anyone wondering how it works. Think of IPFS as one huge Torrent, and pinning as seeding some file(s) in the Torrent.
>only pin services guarantee the file availability. replicated files are not pinned and drop off the peer network gradually
>pin services are paid services
>>so pinning is like paying someone to seed my torrent
>yes, with guaranteed uptime
>>and the someone will have his load reduced because p2p network will replicate content that's often requested
>kind of. there is no "load" on network in fact. there is some load on gateways
>for example. you will not get any ipfs files from my gateway ipfs.pat.mn other than ones which were uploaded over ipfs-bch.pat.mn. Files can be separated in their shards in p2p network
>if I would host a general purpose ipfs node, its disk size would grow to gigabytes in minutes
>>I meant load on you- your machine that does the pinning
>yes, this is why the preferred way to request these files is not over my gateway, but over other public gateways. this will keep the popularity high and will not allow these files to decay off the network
>from my observation 3-5 requests (even from the same ip) is enough for a CID to be available over dweb or ipfs.io
>because first time you ask for an unknown CID from a dweb it will go out to p2p network asking for this CID (because it does not have it). this request will time out with 504. but after 5-10 minutes it will be returned nicely with 200. because my node will advertise this CID and file will slowly be relayed to dweb nodes known to its gateway
and few questions asked by Tom:
>>so, then you don't need to pin. Just have a little app that requests the thing from lots of gateways.
>if I will not pin, this file will decay off my node. so might it decay from other nodes, with _eventual_ complete decay
>but your logic is very valid for very popular files
>these will be BCMR registries for popular tokens
>because there will be hundreds of CID requests per day
>>bcmr files will likely be copied to centralized (trustded) registries.
For instance phone wallets won't access IPFS.
>however! historical BCMR CIDs will decay away, if not pinned
>this is why I in fact enforce pinning on my node, and do not rely on the popularity assumption
>>the positive is that since its only useful for not-often-uploaded files, and hard drive is hella cheap, I expect pinning to be like 1 cent per MB or so.
>there are public pinning services around, google has them. you can quote pricing there
Please be aware that the term "bcash" was created by [Blockstream](https://imgur.io/a/wwVSXZW) and the [mods of rbitcoin](https://www.reddit.com/r/btc/comments/6r4no6/its_called_bitcoin_cash_the_term_bcash_is_a/) as a disinformation social attack. These people bought online property SEOed for the search term "bcash" so that when people heard the term and searched for it, they would be taken to disinformation sites and in some cases outright scammed.
There is no coin listed on any exchange called "bcash." In fact it is the registered trademark for a [line of ATMs.](https://bcash.eu/en/)
By using the term bcash you tag yourself as a scammer and are likely to be seen as a troll in this sub. To avoid misunderstanding, please use the correct term "BCH" (shorter to type) or Bitcoin Cash. Thanks.
> on NameCheap, *paid* in BCH
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
i stole "gift card integration" for [https://read.cash/@tula\_s/bitcoin-wallet-features-checklist-b0f847f9](https://read.cash/@tula_s/bitcoin-wallet-features-checklist-b0f847f9) :)
Apologize, my mistake sir
San Miguel Pasig, I’m using bitcoin wallet
🔥Next Community Voting are Online 🔥
that moment your realize BCH is trending to zero
First I thought it is going to zero but when I saw you come lurking around I know that it won't
Please note that Reddit automatically removes any links to read.cash.
Moderators can approve these links but it's manual and may take time before we notice it and make the approval.
Your comment has been manually approved.
you are absolutely right my freind , there are many scammers ,but be sure im not one of them
you can check my videos on my youtube channel and you can see me on twitter and [noise.app](https://noise.app) and [read.cash](https://read.cash)
[read.cash/Nabzzzz](https://read.cash/Nabzzzz)
[noise.app/Nabzzzz](https://noise.app/Nabzzzz)
[twitter.com](https://twitter.com) @psyman169
[https://youtu.be/KOgAJQpASys](https://youtu.be/KOgAJQpASys)
[https://youtu.be/cEvaZPbwmis](https://youtu.be/cEvaZPbwmis)
[https://youtube.com/shorts/9rvmybLGbwg?feature=share](https://youtube.com/shorts/9rvmybLGbwg?feature=share)
BITCOIN INVENTOR DR WRIGHT GRANTED PERMISSION TO SUE ROGER VER FOR DEFAMATION IN ANTIGUA
BITCOIN INVENTOR DR WRIGHT GRANTED PERMISSION TO SUE ROGER VER FOR DEFAMATION IN ANTIGUA
Fuck you Craig.
Take a look and you will not regret it! ❤ https://youtu.be/GoGTTeMcJis
Take a look and you will not regret it! ❤ https://youtu.be/GoGTTeMcJis
Isn't it cool that rbitcoin mods are allowed to come here to rebut fallacious claims made about them? I wonder what that feels like. None of us would know.
High school is rough but you'll make it through. I have faith in you.
We're not in logic land anymore.
Coinex has been a standout non-kyc exchange for years. That's a target.
Who's left for non-kyc exchanges?
- ~~BTC-e~~
- ~~Coinflex fuck you~~
- HitBTC
- ~~CoinEx~~
- Kucoin
Link shorteners are not allowed on Reddit
At the moment its only BCH to UPI payments. We will have more info about this as on our website as well.
If you want to know more you can join our tg channel: "zapit\_io" and drop a message and we can help you out
Where can we see source code?
Is this wallet closed source?
Where can we see source code?
Is this wallet closed source?
Where can we see source code?
Is this wallet closed source?
Where can we see source code?
Is this wallet closed source?
[Read.cash](https://Read.cash) has been caged to prevent new users.
[https://read.cash/stats#New\_users\_per\_day](https://read.cash/stats#New_users_per_day)
...has been flatlined since November
​
[https://read.cash/stats#Articles\_per\_day](https://read.cash/stats#Articles_per_day)
is trending to zero as you read this.
The party is over, turn out the lights.
And if you think this is incorrect
just reply to my posts on [Read.cash](https://Read.cash) \- ask me how to earn BCH, from me.
I have IRL work to offer in return for BCH.
But do it before the Read.Cash site goes 404
im trying to onboard myself to 100% first. Then this https://read.cash/@tula\_s/sustainable-next-level-merchant-onboarding-de9944dc
Get as close to 100% in as you possibly can. Identify every obstacle in the way and find a solution to it. It's really the only way. You might have to get creative like Shibinator said.
Edit: what am I personally doing?
1. Tweeting about BCH daily - http://kallisti.cash
2. Participating in productive discussion with the community on telegram - https://t.me/bchchannel
3. Hosting Twitter spaces with the goal of giving people a platform to speak and for people to educate/learn
4. Writing BCH-related software
5. Going to local Bitcoin meetups and trading actual goods and services for bitcoin
6. Casually asking cashiers and service people if they'd like to be tipped in BCH
7. Illustrating real-world usecases to real people in my life ("Bitcoin solves this" is the answer to MANY things and training people to see the solutions is good)
8. Earning money in BCH where possible, building a business on BCH
9. Directing people to [The Bitcoin Cash Podcast](https://bitcoincashpodcast.com) when they finally get curious about BCH
10. Running my own BCH infastructure - https://bch.ninja
Congratulations to the BLUR team this week on a thriving ath and simul listings and launch. OpenSea slashed NFT marketplace fees temporarily, and royalties were made optional. • Its competitor Blur captured almost half of the total volume across all marketplaces (in its first week alone).
CANADA: Freezing bank accounts "was a powerful tool to discourage participation and to incentivize protestors to leave..."
CANADA: Freezing bank accounts "was a powerful tool to discourage participation and to incentivize protestors to leave..."
I posted this because I unfortunately had to ban a user today operating multiple sockpuppets in this sub which they used solely to disrupt conversations.
This sub prides itself on being uncensored. Some people are under the mistaken impression that means that the normal rules of Reddiquette don't apply. That's not what uncensored means. Uncensored means that you won't be banned or have your posts removed simply because you are saying something that the mods disagree with. Unlike in most of the other crypto subs especially rbitcoin.
But folks, this is still Reddit. The normal rules of Reddiquette still apply. Disagreement is fine - even encouraged. Trolling, harassing, and being deliberately disruptive is not fine. Breaking the (very lenient) sidebar rules is also not fine. This sub is also not a forum in which to turn every discussion into a criticism of the sub in general (which is usually just a pretext to disrupt actual conversation). Make a new sub if all you want to talk about is how bad this sub sucks.
If the reason you're here in this sub is because you hate everyone here, **leave.**
If the reason you're here in this sub is because you disagree with the majority of other people in this sub, then we encourage you to share your disagreement in a way that is consistent with Reddiquette. That is still the point of this sub. /u/FeiserKiller is an excellent role model for this.
I posted this because I unfortunately had to ban a user today operating multiple sockpuppets in this sub which they used solely to disrupt conversations.
This sub prides itself on being uncensored. Some people are under the mistaken impression that means that the normal rules of Reddiquette don't apply. That's not what uncensored means. Uncensored means that you won't be banned or have your posts removed simply because you are saying something that the mods disagree with. Unlike in most of the other crypto subs especially rbitcoin.
But folks, this is still Reddit. The normal rules of Reddiquette still apply. Disagreement is fine - even encouraged. Trolling, harassing, and being deliberately disruptive is not fine. Breaking the (very lenient) sidebar rules is also not fine. This sub is also not a forum in which to turn every discussion into a criticism of the sub in general (which is usually just a pretext to disrupt actual conversation). Make a new sub if all you want to talk about is how bad this sub sucks.
If the reason you're here in this sub is because you hate everyone here, **leave.**
If the reason you're here in this sub is because you disagree with the majority of other people in this sub, then we encourage you to share your disagreement in a way that is consistent with Reddiquette. That is still the point of this sub. /u/FeiserKiller is an excellent role model for this.
What would you do if I called you a "clueless newbie", which is the turth, IRL. Would you physically threaten me? :D
> clueless newbie.
Please observe proper Reddiquette. Be decent.
Yeah the flair thing is a real problem. Sorry about that.
FWIW the term "bcash" originated as a [social attack by scammers](https://www.reddit.com/r/btc/comments/6r4no6/its_called_bitcoin_cash_the_term_bcash_is_a/) who posted false information on websites SEOed for the term "bcash" and then [insisted that everyone call BCH "bcash"](https://www.reddit.com/r/btc/comments/92twd4/did_adam_back_erase_his_tweet_about_calling_bch/) so that when newcomers heard the term they would Google it and then end up on these deceptive and sometimes harmful websites. A truly despicable thing TBH.
Using the term here is likely to result in downvotes as well as people tagging you as a scammer. The ticker symbol BCH is a shorter abbreviation and carries none of the baggage that would associate your innocent use of the term to the scam / disinformation campaign. In the future it's probably best to use the ticker and not "bcash" here if you want anyone to take you seriously / not block you summarily.
Please try to be a good faith user of Reddit. That includes not spending the majority of your time in this sub harassing other users or derailing conversation. That's an official warning.
If you have any doubts about what constitutes good faith use of the platform, [please read this.](https://www.reddithelp.com/hc/en-us/articles/205926439)
Edit: bad faith use confirmed
This is an error in this sub's automod script. You can tell by the typo in the first line. In other words this isn't Reddit's fault but it's the fault of us mods.
We'll look into it and fix it.
This is an error in this sub's automod script. You can tell by the typo in the first line. In other words this isn't Reddit's fault but it's the fault of us mods.
We'll look into it and fix it.
Some recent news
St. Kitts has used TRON as a legal tender instead of choosing BitcoinCash as previously planned.
I know its an old text but its my own article on read.cash and i shared here even its old , where is the problem ??
https://read.cash/@Nabzzzz/mining-in-the-dark-how-lebanese-crypto-miners-are-dealing-with-the-electricity-crisis-683b5ce9
FYI links to zero hedge are permanently banned by reddit, even mods cannot approve posts with these links. Please repost with another link.
Maxi's are already infesting nostr with LN. Does anyone have the chops to integrate a BCH wallet? nostr is an open source, decentralized, server-less protocol, and, after a few hours messing around with it, seems cool with huge potential...
This is the second time you've been warned about sketchy posts in this sub. This is your last warning. Please be a good faith user of Reddit, or please don't use this sub. Thank you.
This is the second time you've been warned about sketchy posts in this sub. This is your last warning. Please be a good faith user of Reddit, or please don't use this sub. Thank you.
just claim
Removed, spam + vote manipulation
W3E announces a new series of Web3 Esport tournaments
>You did not explain anything. Explain how that definition does not apply to Bitcoin.
I assumed you understood Segwit.
[Here is a diagram.](https://coingeek.com/wp-content/uploads/2020/10/SEGWIT.jpg)
>You did not at all explain how BTC is mutable and BCH is not.
See above diagram.
Explain why I shouldn't take down this post and ban your account as a scammer. Do a good job, fast.
Explain why I shouldn't take down this post and ban your account as a scammer. Do a good job, fast.
[Debunking: BCH is less secure than BTC](https://read.cash/@Jessquit/debunking-btc-is-more-secure-than-bch-e77527a9)
Removed, off topic
A new Freind has join Reddit family...all support and progress
3AC and Coinflex founders complete raising $25M for new scam exchange. Are investors this stupid?
Article and further AnyHedge links: https://read.cash/@GeneralProtocols/a-focus-on-the-bitcoin-cash-ecosystem-06-anyhedge-3728158c
+61 450 361 273 cal me
He literally said himself he has no access to those funds, all he had was some fairytale explanation called "Tulip Trust".
Edit: the whole point of his silly posturing is to try and convince courts he's Satoshi so he can force miners to do a 51% to transfer Satoshi's coins to him.
Removed, off topic
How to Identify and Avoid Package Delivery Scams
Removed, no begging allowed. Please read the sidebar rules before posting.
Maxwell is claiming that since old clients view soft-forked blocks as valid, then whatever behavior the soft fork enables must perforce be something that was already permitted by the system.
His statement incorrectly implies that whatever behavior enabled by the soft fork was behavior that was anticipated / desired by the previous versions of the software.
Which of course is untrue. Nobody built the Bitcoin client with the line of code that explicitly rejects blocks larger than 1MB thinking "that's great, once we reengineer Bitcoin to put the witness data in some other data container then what's left over will be under 1 MB." That's absurd. That was never the intent of the original system. Declaring otherwise is simply gaslighting.
Viewed correctly, a contentious soft fork is an [exploit against the system](https://read.cash/@Jessquit/your-full-node-is-impotent-ea878216), coercing old nodes to follow a chain which breaks the rules enforced by the client. In the case of Segwit, for example, old nodes that reject blocks larger than 1MB follow a chain of blocks that are larger than 1MB, in clear violation of the rules. To accomplish this, old clients are fed blocks that have the witness data removed. They don't know how to validate that data, so they don't even receive it or store it.
Imagine thinking you're validating the Bitcoin blockchain when in reality you're being fed incomplete blocks which the rest of the network considers invalid (missing signatures). Sounds like an exploit to me.
.5 btc loan needed
I am writing to request a loan of 0.5 BTC to be repaid within the next 3 months. I understand that this is a significant amount, but I assure you that I have a solid plan in place to repay the loan on time.
I believe that Bitcoin provides the quickest and most secure option for me to receive the funds I need.
I have a good track record of repaying loans and I am committed to maintaining this reputation. I am confident that I will be able to repay the loan in full, with interest, within the agreed timeframe.
I am willing to provide any necessary documentation or information to support my request and I would be grateful for your consideration.
Thank you for your time and I look forward to your favorable response.
> the actual reality of the sub
this is you calling me a liar
the actual reality of the sub is as I explained it
> best we end this
agreed. please stop.
This is a great writeup. You really nailed it.
It's true that by convention, we use the term "soft" fork to refer to a change of consensus rules that makes previously-valid blocks invalid; and "hard" fork to refer to a change that makes previously invalid blocks valid.
But you're 100% right that this can be just a technical sleight-of-hand. [Peter Todd explained](https://petertodd.org/2016/forced-soft-forks) how you can change *any* consensus rule in *any* way and make it a "soft fork."
In [my article](https://read.cash/@Jessquit/your-full-node-is-impotent-ea878216) I explain how a controversial soft fork is indistinguishable from an exploit: you can be running software that says that blocks must be <1 MB and yet it will follow a chain of 1.7MB blocks.
>insults and hate
I just want to call this out.
You're the only one in this conversation who is insulting or hateful. I think I've been extremely patient and kind to you.
The reality of this sub is exactly as I explained it. My patience with you is a testimony to how seriously we take our mission.
Now. You could use your time here to post anything at all. About any aspects of Bitcoin that you think are great.
What you choose to do instead is to be a bad faith Redditor and use this sub as a place to attack members of this sub and disrupt conversation by derailing any conversation into an attack on the members of this sub.
Please stop.
What I explained to you is the moderation policy of the sub. What you're talking about are the preferences of the majority of the people who inhabit the sub. Two different things.
If you create off-topic content, say, about a tragedy at a ski resort, then moderators will remove it. If you create spam or write an abusive post, mods will remove it. If you want to talk about Bitcoin, you're in the right place.
I'm sure if you create content expressing the same hostile attitude about this sub that you just expressed, you'll draw a lot of harsh criticism from the community and if you persist in starting fights, as many do, you'll eventually draw a ban. That's not what I want though. That's why I'm taking my time to try to bring this to a peaceful conclusion where everyone calms down and nobody gets banned or has hurt feelings.
I don't speak for the users in this sub. But if I did, I'd suggest that the overwhelming majority of people here feel deeply scammed and pretty upset about what happened to the Bitcoin project and to rbitcoin. Coming here to start fights is adding insult to injury. Please don't do that. Thanks.
**Please feel free to contribute more content if you feel something is missing.**
I reviewed your account. It doesn't appear that you've *ever* even attempted to post any top level content in this sub. **So don't complain that there isn't enough content to your liking.**
Your post history in other crypto subs reveals that one of your primary topics of interest in those subs is "Bcash" trolling. Most of that content is downvoted to zero *even on those subs.* Meaning, **even the pro-BTC folks find you to be a toxic waste of time.**
This sub is the uncensored Bitcoin sub. Any Bitcoin-related news or discussion is welcome (subject to the extremely tolerant sidebar rules). Everyone understands why this sub filled up with thousands of pro-[Bitcoin](https://bitcoin.com/bitcoin.pdf) fans who disagreed with the narrative in rbitcoin and were banned. It's a matter of historical record that Bitcoin's social schism from 2014-2017 is what led to the hard fork that is now called "Bitcoin Cash."
So it should not take a rocket scientist to understand why a lot of the Bitcoin-related content posted here is supportive of the "Bitcoin Cash" side of the fork. That, however, is a fluke of history -- a by-product of [the community takeover in rbitcoin](https://medium.com/@johnblocke/a-brief-and-incomplete-history-of-censorship-in-r-bitcoin-c85a290fe43).
I will repeat. You're encouraged to create content and share your opinions here in a way that's consistent with the sidebar rules and Reddiquette. If you aren't seeing the Bitcoin-related news that you want to see, post it.
Writing this for your benefit took a not-insubstantial amount of my time. I did it in good faith hoping that you will reconsider your views of this sub and the way you interact with it. If you *still* find yourself unable to interact with this community in a positive way, I'd politely suggest that maybe this isn't the community for you, and that you could choose to go elsewhere. Whatever you do, please try be a good faith user of Reddit. Thanks.
If the only relevance to crypto is that you're asking for crypto then no, that falls under the category of begging for money. We've had to crack down on people begging for money because they have more or less all been scammers. Please read the sidebar rules.
Please read the FAQ. This is the uncensored Bitcoin sub. All topics related to Bitcoin or even crypto generally are welcome. Please feel free to contribute more content if you feel something is missing. Thanks.
Removed, duplicate post
4th business accepted bitcoincash In Lebanon is completeMission is Done
4th progress in lebanon (My town Tripoli) accept BCH in his Coffee Shop
He said on telegram in https://t.me/bchchannel he would do an AMA on reddit soon. He's @MP_Brison on tg.
Removed, spam. Please do not submit multiple posts on the same topic in a short period of time.
Adoption Of BitcoinCash In LebanonWe all know the bad economic situation that Lebanon is going through, no passports available, no jobs, people's money evaporated from the banks because of the failed state that governs us, Muhammad Anous, a person with ambition tried various means to be able to travel outside the country, but to no avail, he bought a tuk-tuk Despite the very high price of petrol, I talked to him a little bit and was able to convince him to accept bitcoin cash as a way to pay for his services, and I was the first person to pay him $1 for my home delivery You can reach it, as it is located in northern Lebanon, and specifically in Tripoli Mina .
I wish him all the support.
https://twitter.com/psyman169/status/1533428364144427009?t=BDOJBYi2v5sSNZvtTVFyBQ&s=19
https://twitter.com/pledditor/status/1618016212923088897?s=46&t=L8qpJInWdSoYquFza8e6hg
> if there is no competition for block space, there will be no transaction fees
By the way that's just wrong. Bitcoin always had fees. They were never zero except in the very earliest days when there were literally no transactions at all. By 2011 all blocks earned fees.
The question is, can miners earn more money mining 3000 txns max or mining 300,000 or 3M txns.
You guys bet on this scenario: 3000 txns paying *on average* $50 in fees *per txn*. That's just to maintain current levels of security of about $150K/block.
I mean, I think it would be neat to earn $50 by doing something that other people will do for $0.005. but I wouldn't build a business model around it. At that cost, it's going to take a lot of hired trolls to keep convincing people to use your chain.
The way Bitcoin was supposed to work is at scale: millions of transactions paying a tiny fee. Same security, because the cost to reverse a block is still the same. But this business model is actually competitive, because you aren't asking people to pay a ridiculous fee.
That's how Bitcoin was supposed to work. Satoshi was super clear, high volume or bust:
https://bitcointalk.org/index.php?topic=48.msg329#msg329
> I'm sure that in 20 years there will either be very large transaction volume or no volume
That's how Bitcoin worked from 2009-2017.
And that's how Bitcoin Cash still works.
See? The vision you bought into in 2013? That's us.
[https://bitcointalk.org/index.php?topic=48.msg329#msg329](https://bitcointalk.org/index.php?topic=48.msg329#msg329)
>I'm sure that in 20 years there will either be very large transaction volume or no volume.
Bitcoin *does not work* with a low-volume, high-fee design. It will fail, 100%, due to math.
Bitcoin - 🚨BTC Testing this KEY Resistance!🚨 If we BRAKE it, we MOON! 🚀👩🚀
I invite you to join the CashTokensndeveloper group on telegram! It's a way better place for these type of questions https://t.me/cashtoken_devs
Removed, duplicate
BitcoinCash
Removed, duplicate post
Removed, duplicate post
BitcoinCash
BitcoinCash
CZ is on the ropes.
Leaving this here:
It seems I struck a nerve. Just got permanently banned from r/cc. This OP got quite a few (*too many?*) upvotes in a very short time: https://np.reddit.com/r/CryptoCurrency/comments/106uurw/binance_has_been_caught_naked_shorting_monero/
#Binance has been caught naked shorting Monero again
> All eyes are on Binance these days. It is an open secret that Binance operates with very little reserves for Monero. To prove this people created a down time tracker for Monero withdrawals https://moneroj.net/withdrawals/ - so that it becomes possible to correlate price movements and availability of reserves.
>
> Following a strong upwards move /outbreak today we have seen a couple of huge (naked) sells around ~30k on XMRUSDT on Binance and unsurprisingly shortly after this withdrawals got shut down.
>
> Binance manipulation tactics are easily explained. They worked so well tor so long that I think they are blind for when they stop working. Any big player can call them out on it anytime they want. The information is out in the open and can easily be tracked.
>
> They operate on very little reserves - let's say 10k of Monero. Their daily inflow from deposits is probably around the same size as well as the outflow. If they need to dump the price they close withdrawals and suddenly the inflow is still 10k while the outflow is 0. Those 10k (customer funds) can now be sold on the market amplifying whatever numbers Binance wants to print to paint a favorable chart pattern (rejection). Of course this creates a huge problem if price goes in the other direction (up). But as we have seen before, exchanges just need to declare an *inside job* hack/bankruptcy in such a scenario. Take care. Exchanges will only look after themselves and their own survival.
>
> Meanwhile the highest rated [Binance AMA](https://np.reddit.com/r/CryptoCurrency/comments/y74xc8/ama_binancecom_product_team_here_ask_us_anything/?sort=confidence) questions are still unanswered.
PET DREAMLANDS 🐕🐈
I have said it's an attack vector. I did \*not\* say I have a fool-proof way to exploit it.
You do know the difference, do you?
Look, I'm not exactly the first person to notice that the duality of the checkpoint mechanism (if the "honest chain" has checkpoints, then the "other chain" can also have them) might cause some havoc. Maybe not monetary gain, more havoc.
See i.e. https://blog.bitmex.com/bitcoin-cash-abcs-rolling-10-block-checkpoints/
My statement stands: The checkpoints solves some issues, but introduces others.
There \*is\* an increased risk in competing chains, especially nodes that have been offline or syncing for the first time will be vulnerable should there be a competing chain. It doesn't even have to be longer, the checkpoints mean a syncing node would happily discard a longer chain if it conflicts with a checkpoint he has accepted.
Of course it will be known which chain is the good chain, and of course it will be possible to be resolved manually, but there is increased trust in there being "a good side with a known good checkpoint". And there is a risk, should your node be offline for a while, that it follows "the wrong" chain.
It will not succeed as such. We agree on that.
But the \*reason\* it won't succeed is BCH have checkpoints.
But there is a worst cause scenario: A hard fork.
Now, stop and think a bit. The competing chain will \*also\* have checkpoints. There's nothing but a manual declaration that "this is the correct chain" that will save the day. It will happen, of course. But it \*is\* trust, and in a trustless system, having to trust that someone will do the right thing is bad.
Worst case, it won't be so clear which of the two competing chains is the correct one. Granted, there'd likely have to be a network outage of a large scale for that to happen naturally, but it \*could\*. BCHs DAA will also make so that the two parts adjust and produce the required blocks much quiicker - even if one of them should be much smaller than the other.
Now, compared this to BTC. BTCs hash rate is \*much higher\* due to the hash rate being higher. This is, of course, mainly because the price is higher, but a small bit of it is also because there's more fees to pay for the security.
So, it's not that there will be a catastrophic event. It's just that BCH, ultimately, is less of a trustless system than BTC. And you know what camp I belong to: It's the security and trustlessness that is valuable and not to be sacrificed, not it's ability to compete with FIAT on speed and capacity.
In BTC, should such an event happen, there \*would\* be turmoil. But my bet is that the longest chain will win, because that's what the whitepaper says it should, and that's the design of it.
USDT is getting delisted
It's very easy to know which one to trust. It's the honest side that wasn't mining 10+ blocks in secret. C'mon. You know this is a nothingburger.
/u/rucknium
well, yes. Technically you are correct.
But on BTC, that has a hashrate that is more than 100 times what BCH has, such an attack is extremely expensive. The security of bitcoin lies in POW, not in external entities agreeing on what the correct history is. This is also the reason a lot of valuable transactions require 6 confirmations: A 6 block rollback on BTC is extremely expensive to perform.
The manual checkpointing that exists in BTC is more for a new node/client to be notified that "ok, assume anything up to this is valid transactions, no need to verify those". In BCH, it's meant as a protection against POW attacks. Those are two very different things.
A 10 block reorg of BTC would be an extreme economic attack on bitcoin. You are right, it technically \*could\* be done, but it would be costly. You'd better make sure it's worth it.
Calculations a few years back, you can find here. Numbers are a bit different now, of course, but the table is here [https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin](https://braiins.com/blog/how-much-would-it-cost-to-51-attack-bitcoin) and shows that it would be difficult to come up with the hash power to perform a 1 hour (or 6 block) reorg attack on BTC, on BCH it's be something a dedicated and well-off single person could "easily" do. Hence, POW matters, and the 10-block reorg protection is a totally different thing than the occational checkpoints that exists on BTC.
The 10-block reorg basically makes requirement of >10 confirmations for a transaction redundant, because an 11 block reorg would \*automatically\* lead to a manual decision on which chain is the correct and true BCH. A 10 block reorg on BTC, on the other hand, would not. I'll not really dispute that a 10-block reorg on BTC would be an event of such magnitude that a manual intervention will be called for (should it be "obvious" who is the attacker or who isn't), though.
I have tried to keep this writeup as objective as possible, even if you \*do\* know which camp I belong in :) I was merely pointing out that there does indeed exist a consensus mechanism that means users of BCH trust that upon an attack, "the right people will do the correct thing". It's not admin keys, but it is sort of reduced trustlessness, because it adds some trust in "the good guys".
It doesn't have admin keys, but it does have rolling checkpoints.
Should BCH get to a point where there is an 11 block reorg, there would 100% have to be a manual decision about which chain is the correct one. Remember, both chains can have a 10 block rolling checkpoint, so which one is the correct one?
It is a general consensus among BCH people that it would be obvious which chain is the correct one, should it happen, but it does break a little bit with the "longest chain is valid" rule.
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Fidelity Reduces Value of Investment in Twitter by More Than Half
No, that's not it. (I didn't want him to have to sterilize his frozen food packages with bleach to prevent his family during from COVID /s)
I felt generous after benefiting from CGMiner, and while I always thought Luke was an asshole, I felt compelled to give him some credit.
https://bitcointalk.org/index.php?topic=140237.0 Luke is a fraud.
In addition, when Luke ran a mining pool, he used his customer's hashrate to Ddos other coins for religious reasons. Total unacceptable and immoral behaviour.
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This is not an endorsement but AFAIK it's solid tech, although it's not risk free. My due diligence starts here, I did a Q&A with one Thorchain enthusiast: https://t.me/bchchannel/275692
The Core Developers pulled an [elaborate Bait and Switch \(I describe here\)](https://old.reddit.com/r/btc/comments/yxnb7d/hayden_otto_statement_on_bitcoincashcitycom/j35rf8o/?context=3) to retain the ticker: despite pursuing their unpopular "soft fork only" upgrade path.
Who it backing them is a little murkier. There is evidence that the [CIA funded the "keep Bitcoin Free" 1MB block propaganda video](https://bitcointalk.org/index.php?topic=335658.msg3607415#msg3607415). Ironically, Mircea Popescu took up the "small block" mantle railing against the Core Developers as USG (United States Government) agents. (Kind or reminds me of how BSV seems like a parody of BCH -- "they" are playing both sides.)
Bank funding of Blockstream can be explained as a way to keep Bitcoin a small niche hobbiest project for as long as possible. The current network has 1/100th the transaction capacity of the specialized SWIFT network. So BTC does not even have the ability to work as a "reserve" currency.
> Good question, enjoy my upvote.
Thank you. And thank you for the reply.
> BSV has effectively removed the anti-DoS limiter and massively increased allowable txn sizes. This allows the blockchain to be used to store arbitrarily-large blobs of data. Since storing arbitrarily-large blobs of data is indistinguishable from the exact sort of DoS attack the limiter existed to prevent in the first place, the net result is that BSV has DoSed itself with dog photos and weather data.
>
> BCH maintained the original scaling plan of regular increases to the DoS limiter based on software performance on reasonable hardware and txn sizes limited to what is needed in order to implement the money system. This has allowed BCH to continue to offer "P2P cash" transactions at scale.
Do the dog photo and weather data transactions matter when:
* The transaction carries a fee and miners are free to process whichever transactions they choose to
* Disk space is not an issue, as per section 7 of the white paper: *"Reclaiming Disk Space"*
It used to be said (counter to the cries of Core during the Blocksize War) that if someone is willing to pay a fee for a transaction then it's not spam.
Might also prompt the question as to why `OP_PUSHDATA4` is present and permits a 4.3GB transaction.
> As regards Satoshi's original v0.1 release, that's kind of a moot point, since that release doesn't enjoy any special position of authority. Satoshi himself made many extremely significant changes to the v0.1 release, including adding the anti-DoS limiter and changing the way pow is measured to not necessarily follow the "longest chain."
That was a reference to what [Satoshi had written in 2010](https://bitcointalk.org/index.php?topic=195.msg1611#msg1611).
Since Cobra was talking about the divergence of the implementation from the white paper, it provoked the question of how each implementation has evolved from the version 0.1 release.
go straigth for XMR or BCH.
https://localmonero.co is great
... forgot to mension Cashfusion that are regularly use on my desktop (Electron Cash feature)
The Flipstarter also, you can give small amounts
And you can tip on [Read.cash](https://Read.cash) and [noice.cash](https://noice.cash) as well
Is it not the end users who get to decide what the 'real' Bitcoin is BTC or BCH ?
My speculation: he's broke and this is step one of the poor me, plz donate. It's been just long enough that very few will remember we've been here before.
https://np.reddit.com/r/Bitcoin/comments/71zrw1/fundraiser_for_luke_dashjr/
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My reply [there](https://twitter.com/FloweeTheHub/status/1609272121854672896);
CashTokens is a 5+ year research project come to fruition. Its a bunch of small ideas that when put together are massively powerful
Comparing it to SLP or older tokens is ignoring most of the value.
Comparing it to EVM misses that cashtokens scales.
Exciting topic to read up on!
You might want to start with my blog on the topic. https://read.cash/@TomZ/completing-bitcoin-cash-with-cash-tokens-e530d38d
MicroStrategy buys another 2,500 BTC despite losing more than 45%, bringing total BTC holdings to 132,500 BTC Do you guys have any plans for 2023? Sell or buy more?*📷*
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MicroStrategy Adds 2500 BTC Pushing Bag Size to 132,500 Bitcoin
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You can now accept Visa/MC directly to your BCH wallet, with the sender not even needing to know what addresses are! Supports 20+ Cryptos, 60+ countries and fully non custodial, directly to your wallet! Good for selling goods/services/freelancing and being paid in Crypto to accumulate in bear