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/u/ErdoganTalk
Redditor Since August 22, 2015 (1,778 days old)
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https://www.reddit.com/r/btc/comments/g6d6em/you_think_there_are_some_people_supporting_the/

and some people who want to save BCH from becoming basically a fiat money type through stealing from the coinbase... but this is not the case We have some people who wants to divide and conquer, to destroy crypto in general, and some people who want sound money for the world. What you see, is anti sound money people purporting to support funding. Funding is good, not? Even when we have plenty software, funded the traditional free software way, people who get money _and_ other things from engaging ,,, like it has always been. We have plenty software. The ABC gang regard BCH as their property, rightfully deciding how it will be monetized ... like a startup venture, where the principles of sound money means nothing, and the eyeballs means everything. Get the eyeballs, sell it off to spineless venture capitalists, then let the future owners worry about the returns, which happen to be the straw in the coinbase. Fuck sound money, UX is everything. Well what will happen, is that all the supporters of funding, at 16th of May this year, the day after the upgrade, will turn on the satoshi and damn BCH for not being sound any more! Now, they swim like fish sucking air and swallowing the random insect, selling the funding meme, but when it is in, when some people start to pay the blood money to ABC, and nobody dare risk not following ... they will turn around, show their evil self and publicly destroy BCH - because it is not sound money any more. As opposed to BTC, and BSV, who have never hinted on a central bank stealing from the coinbase. Honeystly, I don't know what to to, other than be aware, and choose the sound branch if there is a split.

posted by /u/ErdoganTalk in /r/btc on April 22, 2020 20:48:25

https://www.reddit.com/r/btc/comments/fgwifw/what_does_currency_mean/

It is easy, it is the most loved currency in an area. You can make this experiment, but you don't really have to, because you know the answer already. You have some mexican pesos paper cash, some usd paper cash, a dollar denominated visa card, and a bitcoin cash wallet with plenty bitcoin cash. You have your own preferences for what kind of money you prefer to pay with, in this case it would be 1 bitcoin cash, 2 mexican peso, 3 the card and 4 the usd cash. The reasons are your own, but for instance you have a small amount of paper usd, just in case, always in your wallet, but you don't really want to spend them, because then you will have the hassle of getting new ones. What is currency is defined by the buyer and the seller together. Now you want to buy a beer, and these things would happen: You find yourself in Mexico, and you ask the server what payments he prefers. He will say mexican peso paper. He could take the dollar paper, but would complain maybe that his vendor wants pesos, so that would be easier, he could take the card, if he had a card machine. When you ask about bitcoin cash, he would probably not understand what it is. If you do the same in the united states, the waiter would probably prefer the card, next the dollar cash. If you do the same in sweden, the waiter would say "we only take cards". So now you now what is currency in those countries. This one is interesting: If you ask in Bitcoin Coffe in Praha, Czech Republic, you would get this: No Bitcoin Cash unfortunately, but Bitcoin BTC -- and by the way do you have Litecoin? It has low fees. So in that place, Bitcoin BTC is the currency, but limited by the walls of the venue.

posted by /u/ErdoganTalk in /r/btc on March 11, 2020 08:40:57

https://www.reddit.com/r/btc/comments/fc1lji/protect_yourself_from_consumer_inflation/

This is relevant for people who have money in reserve for a rainy day, or for some planned expense in the future. I just want to shed light on it with some actual numbers. You can also use investment, or diverse funds, but this is for those who have money, and almost everybody have some amount small or large. Starting out with USD users. The consumer inflation is 2%, but this is the Fed's preferred rate, and it is important for investors and analysts. The actual rate of price inflation for you and your personal mix of consumer goods and services can be quite different. You can try to estimate it, if you remember, or have accounts of your spending last year. For most people it will be higher, my guess at least 5%, and for some, 10%. All of this depends on your life situation and spending preferences. We are interested in the future price inflation of course. In smaller countries you can see the USD rate of the local currency change first, then price inflation will come later. Here is an example from South Africa, one of the least backwards countries in Africa: https://www.tradingview.com/symbols/USDZAR. You see that 14.24 a year ago, now 15.62. This is a devaluation compared to the USD of 9.7%. Since most smaller countries import a large part of their consumables, this is a driver for local price inflation. It depends on many things, so you can not just add them together. The reality is that in many countries, you can expect or risk a consumer price inflation of 5 - 20%, and that is not hyperinflation, that is rather a normality. Now how can you counter it with sound money? We can expect the value of coins to increase by 100% over a year. It did not happen last year and the year befor that, but if you look at history, it has been far better, so it is a very real possibility. The volatility is a risk, and you take care of that risk by not having all your savings in crypto. So how much do you need to have, to counter the risk of inflation of your local currency? Even with an expected 20% consumer price increase in local currency, You need only 1/5 in crypto. Example with a save amount of 10000 ZAR: Local currency down 20% in value: 8000*20/100 = 1600 (you lose that) Crypto 2000 up 2000*100/100 = 2000 (you win that). Due to all the risk, uncertainty and organic price changes, it is not necessary to find the exact formula. This example shows that even with a low amount like 20% allocated to crypto, you can completely counter the local currency depreciation. If you want even less crypto risk, you can diversify between BTC, ETH, BCH, BSV, LTC and ETC, and learn something about those coins. Or you can have a lower allocation, like 10%, it reduces the risk, for a slighly smaller inflation protection effect.

posted by /u/ErdoganTalk in /r/btc on March 1, 2020 17:10:22

https://www.reddit.com/r/btc/comments/f98xb7/let_me_tell_you_how_the_modern_trading_site/

I used localbitcoins.com at the time there was only BTC, but see my answer to this guy: https://www.reddit.com/r/btc/comments/f8ygnl/localbitcoins_has_blocked/ For meetings, it is in fact good enough, because you can meet, cancel the trade and do the whole thing manually. So let me describe the new and modern https://local.bitcoin.com/ It has the function of bringing people who want to trade together. For this site, there is no requirement to give any personal information. Phone number is practical, because the site sends an SMS when someone responds to your offer. They ask for e-mail when you sign up, but it can be a throwaway account, they use the e-mail only for advertising. I have gotten exactly one e-mail from them, after an upgrade of the site. Here is the modern stuff: When you sign up, you get a wallet. You need to back up this, and it is different from other sites, you save a file to your device. The point is that it is your wallet, you have the keys (I belive the site also has, because it operates on the wallet when you click on the buy, sell, fund escrow, release escrow and send buttons). When a trade starts, you go into a smart contract, and the result is: The seller of coins locks the coins in escrow, which is a guarantee to the buyer, the fees are locked in, and an arbitration fee if the trade comes into dispute. When you release escrow, the result goes to the other wallets involved, the buyer and the site for fees. In case of dispute, the dispute fee goes to the arbitrator, but as the contract is designed, he can only assign the trade amount to either of the traders, not to himself. This means it is safe for payment with any nonreversible method, for instance bank transfer or mobile money. The fee is 0.25 % for the maker and 0.75% for the taker, total 1%. I think it is well worth it, for the safety and also for the calculation of the right amounts, if you do it manually it is easy to for instance sell for a percentage below, instead of above the market rate. Then the spread, if there are few offerers, the price can be say 10% above, and the buying price 10% below. This improves with more traders, but you can also take advantage by being the maker and having one or more offers up.

posted by /u/ErdoganTalk in /r/btc on February 25, 2020 06:31:33

https://www.reddit.com/r/btc/comments/f8ps1l/the_two_problems_the_tax_and_the_entitlements/

The developer tax (see below for the use of the tax word) gives us two problems, both serious, essential, you could say existential. **The tax:** What the miners pay: Nothing, it is not a problem for them, nobody pays more, no problem for anybody. Hash cost reduced, hash power reduced. Is it a problem? Not in itself, the block subsidy schedule was made 11 years ago, nobody knew todays coinprice at the time. It is probably good enough, but: We have more than one coin on the same equipment, the world investment in sha256 hashing special machines. However, the balance between the coins is important, and for that reason we can not renounce any hashpower. And the killer: It makes the coin unsound - someone is eating from our plate, parasites sucking life energy from every user of bitcoin cash. Sound money means nobody get coins on the cheap. Today the proposal is 5% of the subsidy and 5% of the fees. Why fees, they are hardly 2 dollars a block. What kind of money are we talking about? After the halving, 6.25 BCH subsidy, and 5% is 0.3125 BCH per block. In fiat today 121.5 USD per block. 727 USD per hour 17460 USD per day, 532800 USD per month or 6372900 USD per year. That was todays prices. In a year, it could easily be a million USD per month, in two years it could easily be two million USD a month. **The entitlements:** So someone has to manage this. I would guess a developer, just like everybody, will have some certainty, so a fund will be created to stack up some of it for the future. Maybe half the money each month will be accumulated. Then there is the question of what to invest in. In four years there will be another halving, cutting the subsidy that at that point is maybe 8 million a month, in two. Will the tax be increased to 10 percent? Who will have it? The amount would cover 100 full time and part time developers, can they be crammed into the project, or is there a need to find other good purposes, retired programmers, anyone? Repairing losses for users of crashed exchanges? A Satoshi birthday celebration in Davos? Who would manage this fund, how will they work? The answer is very simple: At first, people with good intentions. Then others who will want to join the yearly coin discussion, hotels and food events on a Caribean island. Then the general parasites. Salary. Chief Investment Executive. Bonuses. We created all this value you know, so we deserve it. Then the whole shebang will be connected near the top of the banking cartel power pyramid. How can it end otherwise? It can't. These people, with the money and some dirty tricks, can control every developer, the press, every public voice in the blogosphere, rewrite history, block anybody in the social media, hire thousands of trolls, they can represent the coin with the bank regulators. The tax word: It is a tax only if you regard the small world of Bitcoin Cash and the current actual single implementation node version, Bitcoin ABC. On a higher level, the market level, because this is free market money, there is no tax, because the chain can split, directed by the market which expresses it's preference with pricing. There are also alternative coins that could work as sound money: The coin made by those who believe it can't work, and the other coin from those who believe it can work so well that it can swallow the whole internet See also my https://read.cash/@ErdoganTalk/the-soundness-the-essential-feature-of-the-money-that-we-want-0a10a11f

posted by /u/ErdoganTalk in /r/btc on February 24, 2020 06:15:10

https://www.reddit.com/r/btc/comments/f7t456/the_soundness_the_essential_feature_of_the_money/

It is the *cost* of mining that adjusts to the coin price, not the other way round. It is a common fallacy to believe that the price comes from the cost to produce something, it is called the labour value of theory, and it has been shown to be wrong. This is demonstrated clearly with bitcoin, which is a rather clean experiment, because it adjusts so quicly. The market finds the right price with someone offering to sell coins, other to buy coins, the hashing cost follows. And also it is the *cost* of mining, not the hashrate, that is decided by the value of the coins. With gold it is the same. Some people in the gold bug community understands this, and they can show that the production increases with the increasing market value of gold. It is not so clear, because the investment needed for gold production is so large, but if you compare price and production volume (in gold there is no difficulty adjustment, so produced volume will increase), you can see that there is a delay of about 10 years, understood to be 5 years to make the investment decision, then another 5 years to actually develop a new mine. The cost increases for the new mines because they use slightly less rich deposits, and the mines with better richness will increase their cost by more expensive land cost, more tax. higher labour prices and other cost driving factors. Likewise, the profit can change a lot but will slowly converge to the general profit level, which has its roots in the time preference. With this mechanism, nobody gets free gold, you have to buy it or mine it for approximately the same cost. As in bitcoin, anybody can mine, and gold is everywhere, it is in the ground you stand on right now, not rich enough currently to extract it, but it could be done. There is no need for a central bank for gold, and this lack of a need for an authority is what makes the gold sound. The role of the difficulty adjustment is to decide a timeframe for the initial distribution of coins (with the halving plan), and to have a predetermined block time, which is needed for payments. It is not fundamental for the soundness. The soundness is that nobody gets coins for free, and the resulting lack of need of an authority. So what would happen if there was no difficulty adjustment? This is a thought experiment, but it can be useful for the understanding. With increased coin price, the miners would put more effort into mining, and the time between blocks would decrease (block rate increases). It would go down to one minute, a few seconds, and we would get lots of orphans and reorgs. We would end up with miners producin hundreds of blocks per second, and finding a block is for a miner just half the work, because most of the blocks he finds will be abandoned, the effort wasted, adding to his cost. But the coin would still be sound. The halvings would come weekly, and all coins will be mined in the short time, but the cost of newfound coins would be the same as now, approximately the market price. We need the difficulty for various reasons, to stretch out the coin creation, and give the market time to adapt, and to make sure we have a reasonable block frequency for the payment function. Summa summarum, the difficulty adjustment is needed, but it is not essential to the soundness. I could construct examples from production of consumer goods that show the same, first value from consumer preferences, then the cost follows.

posted by /u/ErdoganTalk in /r/btc on February 22, 2020 09:21:26

https://www.reddit.com/r/btc/comments/ey62pd/bch_and_btc_another_way_of_saying_it/

Bitcoin is good, exactly what we wanted, based on an invention on how to make it work without a controlling organization. That is still true for both branches of the fork, but for some reason, the BTC guys have decided, and they got the market to follow, to constrain the capacity. It was an idea that bitcoin could not work as originally designed. But many oltidmers, me included, do not agree, we discussed this for 3 years without an agreement, end it ended with a chainsplit nearly 3 years ago. So bitcoin cash is just like the old bitcoin, even cleaner, because the split occurred just before segwit. So in my opinion, all is well, bitcoin lives on with bitcoin cash BCH, we only need the market to follow. But that will happen when we again get a slew of new users, after the bubble two years ago and the fall in value. When we get the new users, it will be clear to everybody what it means to have the capacity constrained at 4-6 transactions per second. It follows that I do not agree that bitcoin cash is less decentralized in any way, in fact both are ultimately decentralized, there is no imaginable attack point from governments, the whole ecosystem including miners. Each entity is attackable, but any attack will result in splintering into many small units, when one miner is conquered, another springs up, like whack a mole. Also, BTC's attempt to replace the capacity with second layer systems is not practical in my opinion, the second layer systems like lightning is not as acceptable for users as the base system, by far. So it is really not the point of being right, it is rather what the market will say in the future, when it doubles or quadruples in users, which will be soon in my opinion

posted by /u/ErdoganTalk in /r/btc on February 3, 2020 06:54:14

https://www.reddit.com/r/btc/comments/eunq7y/a_cartel_in_the_market/

The purpose is to get a monopoly by banding together. This is sometimes called cooperation, the purpose is to earn more by either fixing prices or reducing supply. It is bad, if it is supported by the state, by laws and regulations with coercive actions againts those that break the cartel rules. If it is done in the market, it is probably benign, and anyway, the cartel can not do much to the detriment of the customers, it can do just a little. The reasons for this: A submarket, what the cartel concerns itself about, is never well defined. There is always a possibility of spillover. The more successful the cartel is, in increasing the profit, the more pressure there is on the inside, to cheat, either with prices or amounts. Therefore there is a limit to how much can be achieved. The more successful the cartel is, the more profitable it is to be outside the cartel, they can sell as much as they want for slightly less than the cartel price. Therefore the size of the cartel is held in check, it can even collapse. So that is three mechanisms, and it works only under market conditions, not with coercion. With coercion, as in all intervention in the market, value creation is reduced, destroyed, or turned into value destruction. There are a lot of state backed cartels around, with a varying degree of intrusion, hairdresser licensing, import restrictions, taxi medallions, farm subsidies, electrical power suppliers and so on. As a rule of thumb, every value creating business which by it's nature have capital or open sales of a type where it is easy for robbers to intrude, will have interventions of some kind. Then there is the world trading scene, where there is no obvious power entity to control it, because there is no world government, and also according to the cartel mechanisms above, there can probably not be. Examples: The oil cartel can move oil prices, or can they? All members are eager to fix the amounts, still all members cheat with the volumes and the prices. The coercive powers are limited A cartel of taxis can increase the prices, but it is only transport, and it spills over to walking, buses and personal car transport, we have all driven a friend to the airport, as an alternative to taxi transport. Henry Ford was very aware, that even with a near monopoly on car production, he could not exploit that position to take extraordinary profits, because there were hundreds of competitors that were eager and ready to supply, and with a higher car price it would be easier for them to produce with profit and get the capital needed to expand. As an example of a cartel of the type setting standards, is the fax industry. Almost overnight, the product was transformed from being useful only to world wide enterprises, to everybody, it was even used to order takeaway. (This was before text messaging and the web). In crypto, there is possibility of spillover, to the remaining branch after a chain split, to some other established coin, or to something new. Finally, let me just describe the mining business as extraordinarily competitive. It can be done everywhere, in any jusrisdiction, it can take advantage of lower power prices, lower power distribution prices, lower work prices, lower ambient temperature, everything that can give an edge. Even taking advantage of subsidised power, even stolen power, even the police will run the mining rigs after confiscation of a mining plant, and I doubt they pay for power when doing it. So the development towards a mining monopoly or an association of people forming a monopoly, also called a cartel, where that cartel can do much of anything to the detriment of the systems users, is totally out of the question for bitcoin mining,

posted by /u/ErdoganTalk in /r/btc on January 27, 2020 08:14:26

https://www.reddit.com/r/btc/comments/emz8wm/who_pays_for_the_system/

Lets just recalculate the fee of a standard transaction: 1. Length of a simple transaction: 223 bytes 2. Standard fee: 1 sat/B 3. Current coin price: 260 USD Fee: 223 sat / 100000000 sat/BCH * 264 USD/BCH = 0,0005798 USD, or less than a tenth of a cent Since we currently are far from physical limitations, the market tells us that this is close to cost of production of each transaction. This is the number that we should compare to the price of the current money transfer systems (there is a price to card transactions, bank transfers and also paper cash transfers) We should also admit that the user himself also have to expend some cost, for bitcoin that is the phone, the network service and some power. The user's cost is possibly larger for bitcoin than for legacy systems. So who pays the rest of the miner cost, which is the block subsidy? That is paid by the current holders of any amount of cash balance. The holders pay this cost in the form of coin number inflation. It is difficult to observe the effect of the rising number of coins, because the coin price is overshadowed by changes in the demand. So lets just recap what the demand is: Every individuals urge to hold a number of coins, and to which price. So it can not be expressed with a single variable, it is a set of amount/price pairs, or a curve. Then aggregate these price pairs for every potential user. When a user want more coins for a price, or less, or a new user comes in and want some coins for a price, or an old user leaves, it changes the demand and therefore the price. The reason for the demand is only speculative, since there is no point in consuming coins. The demand curve is the most important input to the price, in addition to the less important inflation from block subsidy, and some lost coins.

posted by /u/ErdoganTalk in /r/btc on January 10, 2020 18:36:32

https://www.reddit.com/r/btc/comments/ekoo92/there_exists_this_misconception_that_the_state/

This is not true The society, different from the state or the nation, is the people around you, your neighbours, your relatives, your friends and your business partners (including the shop owners and your service providers). This is normally a pleasant and peaceful environment, where people do no harm and look out for each other. A few criminal elements exist, they will be hindered, by disassociation from the normal people. The law of non violence exist in such society, because it is value creating and not value destroying, known for millennia, and it has possibly made its way into the human genes. Remember your wise mothers advice: Don't steal, make yourself useful. It is really all that is necessary to have a happy and successful life. With the state leaders, it is not so. They are recruited from the few criminal elements that always exist. Naturally, they would be isolated, but under some conditions, the smarter ones are able to fool the public. They don't sacrifice their life for the sake of the public, which is unnatural and impossible anyway. They do what they do for their own sake. The driver is the sick (seen from a normal persons view) mind, they like to see that they can control the flock, making it do crazy and destructive things. Also being famous and hailed. They also like to control individuals, making them give away resources and sex for nothing, harming them in stead, ducking them down, making them less. The purpose of such leaders are not to create a great society, the opposite, to make everybody poor, create strife and desperation. When hungry and desperate, normal people may break, do irrational things, create a cult where they isolate themselves from information and discourse, strengthening the crazyness, forming a power base for the leader. Putting the worst people on pedestals, and follow orders blindly. This is what every leader wants. These days, the state apparatuses around the world are stronger than ever. The reason is the bad money, it is occult (hidden), and it transfers value that people create over to the leaders. It is an epic swindle. Sound money is the antithesis of the bad fiat money. It can not change the bad people and make them better. What it can do, is to end the scam, removing some resources from the elite, those resources being kept by the commoners, and by leaving more with the value creating public, more can also be created with the added savings and investments. And most important, with a prosperous, peaceful society, fewer people will break. The state will probably continue to exist, but weaker. The market fixes all problems, but only half way lol. The whole thing rests on every individual, not any leader. Don't wait for the leader to magically succeed with making things better, it is up to you. You can refuse to follow orders, and you can refuse to support the criminals with money and words. You don't need to fuck the soldiers! Follow your mothers advice. And here is a bonus advice from me: If you are hungry and have a gun, sell the gun, instead of going into the robbery business. In addition to self interest, this is my purpose of supporting sound money. Gold is good, but it is hopeless to expect gold to be used in day to day trade. Cryptomoney can do it, because of its near perfect properties as money,

posted by /u/ErdoganTalk in /r/btc on January 5, 2020 23:17:35

https://www.reddit.com/r/argentina/comments/ekojpc/there_exists_this_misconception_that_the_state/

This is not true The society, different from the state or the nation, is the people around you, your neighbours, your relatives, your friends and your business partners (including the shop owners and your service providers). This is normally a pleasant and peaceful environment, where people do no harm and look out for each other. A few criminal elements exist, they will be hindered, by disassociation from the normal people. The law of non violence exist in such society, because it is value creating and not value destroying, known for millennia, and it has possibly made its way into the human genes. Remember your wise mothers advice: Don't steal, make yourself useful. It is really all that is necessary to have a happy and successful life. With the state leaders, it is not so. They are recruited from the few criminal elements that always exist. Naturally, they would be isolated, but under some conditions, the smarter ones are able to fool the public. They don't sacrifice their life for the sake of the public, which is unnatural and impossible anyway. They do what they do for their own sake. The driver is the sick (seen from a normal persons view) mind, they like to see that they can control the flock, making it do crazy and destructive things. Also being famous and hailed. They also like to control individuals, making them give away resources and sex for nothing, harming them in stead, ducking them down, making them less. The purpose of such leaders are not to create a great society, the opposite, to make everybody poor, create strife and desperation. When hungry and desperate, normal people may break, do irrational things, create a cult where they isolate themselves from information and discourse, strengthening the crazyness, forming a power base for the leader. Putting the worst people on pedestals, and follow orders blindly. This is what every leader wants. These days, the state apparatuses around the world are stronger than ever. The reason is the bad money, it is occult (hidden), and it transfers value that people create over to the leaders. It is an epic swindle. Sound money is the antithesis of the bad fiat money. It can not change the bad people and make them better. What it can do, is to end the scam, removing some resources from the elite, those resources being kept by the commoners, and by leaving more with the value creating public, more can also be created with the added savings and investments. And most important, with a prosperous, peaceful society, fewer people will break. The state will probably continue to exist, but weaker. The market fixes all problems, but only half way lol. The whole thing rests on every individual, not any leader. Don't wait for the leader to magically succeed with making things better, it is up to you. You can refuse to follow orders, and you can refuse to support the criminals with money and words. You don't need to fuck the soldiers! Follow your mothers advice. And here is a bonus advice from me: If you are hungry and have a gun, sell the gun, instead of going into the robbery business. In addition to self interest, this is my purpose of supporting sound money. Gold is good, but it is hopeless to expect gold to be used in day to day trade. Cryptomoney can do it, because of its near perfect properties as money,

posted by /u/ErdoganTalk in /r/argentina on January 5, 2020 23:07:10

https://www.reddit.com/r/lebanon/comments/ekj2iv/safeguarding_your_money_value/

I suggest to keep a small amount in bitcoin cash BCH. It is not an investment, it is like having some dollars but more risky. Since it is sound money, and currently used by few people, the expectation (in business sense, the risk allocated to different outcomes) is positive (relative to both dollar and actual merchandise, the dollar still has an expectation of losing against consumer goods by 5-10% per year). And the drums of war does not help. It is white in the sense that you can report it if you want, if you don't want, it is like the blue dollar, which means it is difficult to buy a big ticket item like house or car. I recommend a lower amount, corresponding to a few hundred or a few thousand dollars. There is no lower limit. For the time being, it is also less liquid than the dollar, but the liquidity is expected to improve greatly. You can get it on exchanges with bank payment, or you can get it in the local market person to person, see https://local.bitcoin.com/offers/Lebanon When you have the bitcoin cash, you keep it in your phone, there is no broker or custodian you need to trust. Sound money means there is noone to create new units on the cheap. The creation that is going on, for the purpose of establishing the system and distribute to the users, is costly: real resources have to be spent approximately costing the same as buying coins at the current price. This is similar to gold as money. If you are confused by the two relevant types of bitcoin: Bitcoin BTC and Bitcoin Cash BCH, ask me.

posted by /u/ErdoganTalk in /r/lebanon on January 5, 2020 16:02:48

https://www.reddit.com/r/btc/comments/ekh0dc/por_jactarse_jajaja/

Sugiero mantener una pequeña cantidad en bitcoin cash BCH. No es una inversión, es como tener algunos dólares pero más arriesgado. Dado que es dinero sólido, y actualmente lo utilizan pocas personas, la expectativa (en sentido comercial, el riesgo asignado a diferentes resultados) es positiva (en relación con el dólar y la mercancía real, el dólar todavía tiene la expectativa de perder frente a los bienes de consumo en un 5-10% por año) Es blanco en el sentido de que puede informarlo si lo desea, si no lo desea es como el dólar negro, lo que significa que es difícil comprar un artículo de gran valor como la casa o el automóvil. Recomiendo una cantidad menor, que corresponde a unos cientos o unos miles de dólares. No hay límite inferior. Por el momento, también es menos líquido que el dólar, pero se espera que la liquidez mejore considerablemente. Puede obtenerlo en intercambios con pago bancario, o puede obtenerlo en el mercado local de persona a persona, consulte https://local.bitcoin.com/offers/Argentina Cuando tiene el efectivo de bitcoin, lo guarda en su teléfono, no hay un corredor o custodio en el que deba confiar. El dinero sólido significa que no hay nadie para crear nuevas unidades a bajo precio. La creación que se está llevando a cabo, con el fin de establecer el sistema y distribuirla a los usuarios, es costosa, se deben gastar recursos reales que cuestan aproximadamente lo mismo que comprar monedas al precio actual. Esto es similar al oro como dinero. Si está confundido por los dos tipos relevantes de bitcoin: Bitcoin BTC y Bitcoin Cash BCH, pregúnteme.

posted by /u/ErdoganTalk in /r/btc on January 5, 2020 13:39:40

https://www.reddit.com/r/btc/comments/ej7hrk/localbitcoincom_wallet_security/

The wallet is your own, you have the secrets. It can be downloaded as a security backup. It does not appear to be a standard hierarchical deterministic wallet, more like a base key and a single string of next keys. So I to recover a lost wallet, you probably have to use the site. On the other hand, you can download the secret key for each address used. Better documentation of recovery procedures would be most welcome. We have to rely on the site's server software for generation of keys and keeping them. It could in theory be done all in browser side software, not available to the server, but they have not explicitly said that this is the case. Anyway, since it is web based, this could be changed from one click to another on the site. Of note is the escrow, it is implemented as a smart contract, so the arbitrator comes in as a third party when either of the traders open a dispute, but the arbitrator does not have the traders' keys, and according to the contract, he can only release the coins to one of the traders. The trust needed as explained above applies of course A separate program executed locally, like bisq, would be slightly safer, because you can verify the code and control the updates, realistically to a degree. But nothing trumps a separate, simplistic, device to keep your secrets, like the trezor or the ledger. Edit: Just tried to import an individual key into electron cash - it works

posted by /u/ErdoganTalk in /r/btc on January 2, 2020 19:55:16

https://www.reddit.com/r/btc/comments/eg4495/how_they_fleece_you/

I like the credit card debt. The interest is from 20% to 80%, reflecting the real cost of risk and money devaluation (but see below for money unit creation). Some people don't pay back, some do. It increases in volume slightly, but it is not galloping, so some pay back, and the issuer can have an average profit. They lend money and hope that the debtor can and wants to pay back. Most loans are regulated some way. Like student loans - the debtor has not shown any capacity to pay back, still they are given to everybody. Clearly, the risk is paid for by someone else, and that could be you! The same with mortgages, the state is heavily involved. The low interest rate is the result of money creation, and it distorts all calculations, to their benefit, not yours. All interest today can be regarded as usury - because it is not earned money they lend out. Most is created by fractional reserve banking, a practise that was made legal a couple of hundred years ago, before that, it was regarded as a crime. When it came to light among the bankers in Venezia, the depositors got furious and broke the bankers bench, they literally went bankrupt, their bank/bench was left in pieces in the agora. This is all hidden, and the initial scam is the central bank: A broke banker colluded with the broke state, the broke banker lent nonexisting money to the state on the condition that the state deposited the same nonexisting money in the bank. Now the bank had reserves, and could start taking deposits, and lending out to the public. From nothing. Now the state/bankers depend on perpetuating this. The money unit number has to increase all the time. It is not to your advantage, it is for the purpose of the bankers. They need the ability to create more units, by writing a higher number on their own account and multiplying it with fractional reserve. Bitcoin puts a stop to this, because you can not write that higher number into your own account. But they have gold! Well do they huh? With every failed state we see that there is no gold. The only reason for a state to have gold, is for the fallen leaders to run away with a bar or two when they are chased out of the place. Do they facilitate payments in an efficient way to the benefit of the customers? Well they have clumsy systems, and since there are infighting, we have different fiats. It is almost impossible for the user to see all the hidden costs. The spread in exchange for instance. One way to look at it, is the size of the world profits that is in banking. It is somewhere between 20% and 30% of all value creation. We have miniscule city states that do nothing more than finance, and they are the most prosperous places. So getting hold of a few coins and relax knowing that you have something in reserve for a rainy day, that is not stealing from future adopter is not unfair, that is how money should work, and did work, before the fiats.

posted by /u/ErdoganTalk in /r/btc on December 26, 2019 20:16:28

https://www.reddit.com/r/btc/comments/dv5lk9/unlimited_max_blocksize/

Can anyone point to a consensus rule, an unofficial agreement among relevant people, or to anything else that indicates there is consensus on a max block size? There should not be a consensus rule to be found, because obviously, from the inventors writings, satoshi thought that the potential capacity was more than enough for the purpose, a p2p cash system for everybody. There is always a limit presented to us from nature and the capacity of hardware and software. If a mining node running bitcoin abc today, for instance, should receive a block size larger than 32kB, either the code must discard that block or the program would behave unpredictably (crash). The incentive is to discard it in the hope that someone makes an alternative block. So a test is put in, to discard the block. The limit could be set lower, and a size of produced blocks could be set lower, to avoid problems for others (which means the effort to produce that block might be wasted). So forever, there has to be these limits in any implementation. *This does not mean there has to be a consensus rule on blocksize!* Personally I believe we don't have one (it just looks like, because we have currently only one implementation used for mining), and I think we are better off without such rule. It is more organic, it means quicker progress, size will be better adapted to available hardware, and we avoid the dreaded ossification.

posted by /u/ErdoganTalk in /r/btc on November 12, 2019 00:39:49

https://www.reddit.com/r/btc/comments/dic01l/the_possibility_of_fractional_reserve_banking_in/

Can we have fractional reserve banking in bitcoin? On first glimpse, you would think that yes of course, why not. If or when bitcoin becomes world money, it will be stable, an interest rate will arise, and people would like to, just like now (or should I say before, lol, before the zero interest rate policy took hold), people would like to invest their savings. A deposit to a bank or a savings and loan institution, is a simple way to invest without having the knowledge required for a businessman, without the hassle, and without the risk (lower risk). Let us have a quick look on current banking. Among other things, they take deposits, and lend money. Number one problem is that the deposits are mostly for on demand withdrawal, but the loans given are on a 3 month term, the bank can ask the money being paid back with a 3 month notice. The second problem is the loans can be almost as large as the deposits, only a fraction is left as reserve, giving the name fractional reserve. And with most money today being bank deposit money, it means that the loan that is paid out, and which is spent on stuff, is redeposited in the same bank, in another bank. Even if it is spent again, by the builder or whatever, sooner or later it comes back to a bank as deposit. Then it can be lent out again, less the fraction that is needed for the bank to have in reserve. When repeated, a 10% reserve requirement means that the money is multiplied say 10 times as it takes its repeated roundabouts. This is why the central bank calls the base money "high powered money" There are also other mechanisms for the banks and their dealings with the central bank, but these two points should be enough for now. The rules are written by the bankers themselves of course, including the central bank. The two points above, the mismatch in terms, and the fractional reserve, means that a bank in general is insolvent from the day it makes its first loan. So why would anyone deposit into a bank, which is insolvent, and therefore take on a formidable risk with his savings? At least two things come to mind, number one is the depositor insurance, in the USA called FDIC. Every depositor feels safe because of this, at least the small or normal depositors, they look at the insurance limit, and if the deposit is higher, they simply split their savings between two banks. But if you have time some day, you could take a look into the numbers, and you will see that 1) the amount of money is rather small, can probably not cover the failure of any bank except the smallest ones. Then 2) you could look at the type of the reserves they have, and you will see that it is bank deposits! This is the same in every country, the insurance is hardly real, it is more a "trust us" statement. The other reason a bank would be trusted, is of course the backing of the central bank. Even if the insurance fund is small, you always have the central bank, which is said to be a lender of last resort. It can lend any amount of money to the banks, because they can print them at will. Sometimes they say exactly this on tv, but mostly they prefer people not to know or understand. So what would be the difference with bitcoin? Firstly, bitcoins can not be printed at will. Secondly, (or basically for the same reason lol), the depositor insurance would not be trusted very much, unless it is way larger and have the form of bitcoins, not deposits. Then depositors would have to accept term deposits, else the bank would easily go bust and the bank capital would be lost. And yes, any depostitor would expect a larger bank capital to risk depositing. So in all, the problem would be much smaller, and any bank directory would be ashamed if his bank is at risk of insolvency and the market discovers it. For all these problems, it is the ability for the central bank to print more money that is the root cause. It can not happen when people use bitcoin in their day to day dealings and their savings, which is possible with one of the bitcoins btw, Bitcoin Cash

posted by /u/ErdoganTalk in /r/btc on October 15, 2019 14:20:46

https://www.reddit.com/r/btc/comments/dha7ev/sound_money_as_opposed_to_fiat_money/

When you have money of a sound type (and aquired them by honest value creation of course), it is good for everybody. The saver defers the spending that he otherwise is entitled too. If he invest the money, he will help increase the productivity of work. If he lends the money, he helps other entrepreneurs increase productivity of work, for a share of the profit. This includes depositing them in an old fashioned, prudent bank, a savings and loan institution, where he offloads some of the risk and the hassle and knowledge needed to assess each potential investment. Even if he just holds the coins, the remaining coins will take on the value of his current non consumption, enabling others to consume or invest. You can basically not go wrong with sound money, you do what is in your best interest, and it will always be advantageous also for others. This is not so with fiat money. For every unit you save in fiat money, the money printer/manger/state can and will print another unit, removing the advantageous effect of saving, and rather move the saved value to the state for consumption or (mostly nonprofitable) investment. And, of course they print more, even saying 2% devaluation of the money per year is advantageus, then they print 10% and cross their fingers, setting all saving and money-denominated timed contracts (like pensions) at a great risk.

posted by /u/ErdoganTalk in /r/btc on October 13, 2019 08:53:22

https://www.reddit.com/r/btc/comments/dg61az/why_the_risk_of_mining_centralization_does_not/

In the free market, a cartel's attempt to increase profit by reducing output is doomed to fail; it improves profit for those outside the cartel and those inside the cartel who wants to cheat. A cartel *can* work -- but only if it is supported by regulation (often instigated by large actors themselves in a struggling submarket) and the coercive power of the state. In bitcoin we have none of that, and can not have due to the mechanics of proof of work. It means anyone can mine, anywhere, in any jurisdiction. It means if the mining industry is attacked in one nation state, or an attempt to organize a cartel in that nation state, it will immediately be outcompeted by miners some other place. If it is shut down in one country, it will be replaced somewhere else, and if that can not physically be accomplished immediately, the price per hash will increase, reducing the rate of hashing to equilibrium with the coin price. And bitcoin will continue as if nothing had happened. In fact, any intervention into mining can only decrease the profitability of the mining outfits attacked, or taken over. Any purpose other than striving for the best mining economy, will leave that miner in the cold. The key is the global aspect of the system, and the low barrier to entry, mining does not have to be spread evenly, and need not be located where the users are. We can absolutely have mining in china, no users, no mining in europe, but all the users. My evaluation of the opec oil producers cartel -- since oil production is international, there is no jurisdiction that can support the cartel with coercion. Crazy evil action from enemy states can distort production some place, if so it will pop up another place, and the production quota is obviously never heeded by anyone. Here, as in all cartels, for any actor it is profitable that the other actors reduce production to raise the price, then to increase production for himself under the higher prices. Opec is just a club of big talkers. In another submarket, downstream oil: From a story about Standard Oil, https://ari.aynrand.org/issues/government-and-business/capitalism/Vindicating-Capitalism-The-Real-History-of-the-Standard-Oil-Company/ "The failing refiners were neither the first nor the last businesses to be in such a situation. And, like many before and after them, they tried to solve their problems via cartels: agreements among producers to artificially reduce their production in order to artificially raise their prices. Rockefeller, hoping for stability in prices and an end to the irrationality of others refining beyond their means, joined and supported two cartels. This move was disastrous — the worst of Rockefeller’s career." "Cartels are generally viewed as evil, destructive schemes because they are overt attempts by a group of businesses to increase revenues by raising consumers’ prices across an industry. In and of itself, however, seeking higher prices for one’s products is not evil; it is good. The problem with cartels is not that they seek higher profits, but that they shortsightedly attempt to generate them by non-productive means. So long as the economic freedom to offer competing or substitute products exists — as should be the case — such a scheme is bound to fail." Another read covering the same: https://mises.org/library/antitrust-policy-both-harmful-and-useless So, no centralization risk

posted by /u/ErdoganTalk in /r/btc on October 10, 2019 18:57:33

https://www.reddit.com/r/btc/comments/cfcanr/cartels_in_the_fee_market/

A cartel is associations of vendors or customers in the market, including purely volantary associations, that wants to move the prices. Looking at the demand side of the transaction market, there is currently calls, you can hardly call it an association, but voices, to compel people to not set a too high fee in bitcoin (BTC). It is sensible, some people don't mind paying twice the current estimates to get the fees into the first block, and some wallets' built in fee estimators are also somewhat high. I think this has worked, because we don't see the desperation in the fee market for BTC that we had during the last runup at the end of 2018. Does it matter for the fee market? There is no evil in trying to reduce the fees this way. Really, if everybody agreed to always pay no more than 10 sat/B then it will be 10 sat/B. But having in mind that the capacity is limited, either the transactors must altruistically hold back their own demand for transactions, or the fees necessarily must rise. High fee or queue, there is no other way. Since not even shaming is practical under a regime of anonymity, the demand will be held back by price. Looking at the supply side, this time in BCH, you could easily say that the current price of 1 sat/B is set by a cartel of miners, supported by developer and also voices among the using public. Could this cartel be upended? Probably not, not by shaming, and not even by alleged benevolent action from state actors. They have names of the largest miners and pools. The important point is the free access to the mining business, including low cost to enter, and the possible anonymity of miners if they choose to be. The price level chosen is maybe higher than what the unhampered (by this voluntary association) would give, but still so low it doesn't matter much for normal payment usecases, and so small compared to legacy payment methods with other money types, that the public don't care. If the cartel had set the priice much higher, let's say something corresponding to 10 cent USD or more, that would hamper some use cases. The users would try to offer less, and some miners outside the cartel (not agreeing to the price, or wanting to earn more by offering lower price) would lower it for their own blocks, and maybe earn more by cleaning up the whole market for sub 1 sat/B transactions, and the same possibility would exist for miners inside the cartel wanting to cheat on the others. Sorry for the drawn out explanation, the TLDR is that cartels can exist on both sides, but they can only move the price a little.

posted by /u/ErdoganTalk in /r/btc on July 19, 2019 15:53:28

https://www.reddit.com/r/btc/comments/cdbxl5/for_six_years_i_have_tried_in_vain_to_explain/

All value is subjective all right, it was expressed by Eugen von Böhm-Bawerk, and refined by Mises and others. The value can not be measured directly, but it can be derived from peoples choices. This is not a problem. But what is the *reason* for peoples choices? *Why* do they offer to exchange something for something else. Is the reason that something is directly useful, like water, food, clothes and shelter, or do some individual offer to exchange something for something that is not useful, but can be exchanged down the line for something useful? Consider this imaginary story. We have a society where money does not exist, possibly because the state has hyperinflated the currency that was. Fred: I am hungry, and I have this bicycle, would you give me one of those sacks of rice for it? Peter: Sorry, I don't need a bicycle, can you get me some cigarettes instead? Not giving up hope of stilling his hunger, Fred wanders down the emporium and meets his old friend John. I need some cigarettes, can you give me some for this bicycle? John: Sure, that bicycle is perfect for my son, and I have in fact some cigarettes. *but I did not know that you were a smoker* Fred: *I am not, I need them for the exchange* The italiziced parts are the essence of the story. Fred did not want the sigarettes for the service that they could give him, he was not a smoker. He wanted the cigarettes to pay Peter for the rice. This is the essence: For Fred, the cigarettes has no intrinsic value, he did not aquire them for the purpose of smoking (or consuming) them, he aquired them for the purpose of exchanging them for the rice. To him, it has only exchange value, or money value. Peter on the other hand, might want to smoke them, in which case it has intrinsic value for him. He could also just need them for the exchange value, who knew. *The cigarettes in this case socially developed into being money.* Friends on r btc, you know I love you (, except the trolls lol) *did you get it* ? **Do you get it?**

posted by /u/ErdoganTalk in /r/btc on July 14, 2019 22:46:53

https://www.reddit.com/r/btc/comments/c4zsm7/is_scarcity_enough/

The bitcoin is scarce, it is an essential property. But it is enough to make it money? No, but with the additional properties of easy transfer of ownership (even remotely), cheap to store and easy to protect, it has everything that is needed. Does it need to be an evolution from something of real value, like a precious metal? I think not. That is Mises' regresses theorem by the way. My logic is: Fiat money evolved from gold, to gold certificates, to the (fully backed) gold standard for paper money, to the classical gold standard, to the flexitble gold standard - until the link between paper money was finally cut, and gold was effectively demonitized. People just found paper money (and deposit money) to be more practical, and they didn't reflect too much on the slowly decreasing purchasing power. In the 70s, cheques was already used to transfer money instantly face to face, later came all the other practical ways of transfering the money. At this point in the evolution of society, nobody is interested in intrinsic value (meaning value derived from the direct usefulness of the money, as opposed to the value you could obtain in exchanging the money for something directly useful). It means that the trading public is totally ready to regard something like bitcoin as money, even if it has no direct-use value. refer to this comment in r/buttcoin https://www.reddit.com/r/Buttcoin/comments/c4v8zp/making_logical_sense_of_it_all/eryn04l/ or the whole thread https://www.reddit.com/r/Buttcoin/comments/c4v8zp/making_logical_sense_of_it_all/ Yeah, it is stupid, but I am banned from that very sub. /u/NakamotoScheme

posted by /u/ErdoganTalk in /r/btc on June 24, 2019 21:17:14

https://coinmarketcrap.co/

posted by /u/ErdoganTalk in /r/btc on June 20, 2019 19:33:45

https://www.reddit.com/r/btc/comments/blvrut/cashshuffle_experience/

The strategy seems to be: When a coin is submitted for shuffling, it becomes either the shuffle size, or less; someone else's coin is used for size and your coin gets divided into two new coins. The coin not matching the shuffle size can be tracked from your input to your output by size. If two output coins, one will be regarded shuffled, and the other coin is resubmitted for a new shuffle. Example: you have a coin of 9 BTC, shuffled once into 1(shuffled) + 8, then 8 into 2.5(shuffled) + 5.5, then 5.5 into 3(shuffled) + 2.5 then 2.5 is shuffled directly, finishing the sequence. Since there are 5 participants in every shuffle, it is logic that your coin is divided in roughly 4 of 5 attempts, and completely shuffled in 1 of 5. Since participants are grouped by size, where pool 1 BCH means input from 1 to and below 10, a small coin in this interval has a greater chance of being directly shuffled. If there are few participants in a pool, leave your electron cash running, waiting for new participants of a sufficient size, for hours or days. Using the same wallet on different computers (shuffling only at one at the time), it looks like the plugin does not depend on the description (created by the plugin), rather it seems to look on the transaction outputs to see if a coin is sufficiently shuffled. Currently the very small coins (pools 0.0001 and 0.001) are shuffled frequently. People are probably testing with small values at first. It may look like the wallet is shuffling again and again forever, but it stops. Because of the above, your wallet will be divided into a number of outputs may be 4 or 5 times the original number.

posted by /u/ErdoganTalk in /r/btc on May 7, 2019 16:30:39

https://www.reddit.com/r/btc/comments/b50q3e/did_you_just_say_when_people_hold_price_rises/

Don't forget there is a reason for people to hold, and that is all the other good qualities that makes the crypto good money. The large hodlers look into the future, and expects other people to be users when they understand the advantages to themselves. The demand to hold is not an exact number, it is how much do someone want to hold at a certain price, it is a set of vectors. You can get a picture of it when you display the bid and ask curves on an exchange, but there is also a lot that you don't see, those who prefer to not put up orders, but wait until an offer is to their liking. Then you must take into account that the curves change all the time. The ask curve, or supply curve, is just people who want to hold less, so you can regard it exactly like less demand. This simple model works only with money, which by definition is neither consumed nor produced (in principle, fiat is produced, gold is produced and consumed, but in small amounts compared to the existing stock of money). Yes, the above " look into the future, and expects other people to be users when they understand it too." is by definition financial speculation, and it is phrone to bubbly behaviour. The traders (all money users) have little to go on except yesterdays prices (measured in other things, other money and stuff), and for bitcoin, the soundness and ease of use, which is how it competes with other money. This is exactly how people behave, it works even if not everybody understand it, they only see good money for themselves. This is the opportunity for speculators.

posted by /u/ErdoganTalk in /r/btc on March 24, 2019 15:57:45

https://www.reddit.com/r/btc/comments/b16b6i/the_difference_between_tether_and_an_ico/

The promise of ICO's and the reason why I was enthused, is that an ICO coin could represent a share of a company almost exactly as an equity share in the normal market, but with the difference that they could be easily traded person to person and freely listed on exchanges even without an agreement between exchange and company. (We haven't exactly seen many of those, but...). The ico coins would represent equity, and the company could spend the money for the coins on capital. The share price (the ico coin) would earn profits, and the value would change with the outlook of the company. Tether (the company), on the other hand, does not buy capital equiment with the money they earn from selling tether, they keep them as dollars in a bank. They have a plan to earn profits, first by the pegging tether to dollar itself, they necessarily must buy the tethers low and sell them high. In addition, they can invest the dollars they have in ultimately safe interest generating paper. So there is no fluctuation due to the prospect of the company, like with shares in the company. Then, if it was a bank and the tether coins represented deposits, the customers would like to earn an interest, a part of the interest the company gets from the dollar amount. So it is not a bank either. *But the market regard the tethers as money, and therefore does not expect interest* The money (tethers) has a quality better than dollar - it is easily moved. That is the reason for the tether expansion: for some people and purposes it is better than dollars (imagine if it was better in all respects; it would completely suck up all dollars). So the idea is great in my opinion, the same with other stablecoins. It is useful financial innovation.

posted by /u/ErdoganTalk in /r/btc on March 14, 2019 17:48:14

https://www.reddit.com/r/btc/comments/azb3yh/how_to_understand_the_economic_effect_of_a_chain/

Something like a chain split does not exist in other money types especially not in the paper fiat rectangle money types. Let me explain. Good money have some characteristics, explored hundreds of years ago, but well after money came in to common use, because in my opinion the ascent of money is due to the way the human brain works, with regards to observing the society around each individual, looking forward with saving and investment, and the most advanced human ability: To look forward and predict how other people in society will act in the future, the economic meaning of the word speculation. Of the money characteristics, we choose only one for this purpose, the fungibility, which means that each unit is just like any other of the same unit, they are interchangable. Now, when it comes to a fiat money type, for instance mexican peso, the 500 pesos rectangle is quite different from a 100 pesos rectangle, so they are not fungible in the first place. What exists is a virtual unit, called the peso. The different denominations are pegged to that virtual unit by Banco de México. You can go to that bank and change a 500 to 5 100's for free. You don't normally need that, because any merchant helpfully regard them as equal, give proper change, and also sometimes helpfully splits a large bill into smaller for you. But you can not expect that, not even in any bank, if you come with a truck full of small notes they want to be paid for the service. You can only demand it at the central bank. Since the central bank has the ability to create new and destroy old at will, they are able to defend that peg indefinitely. So for the purpose of understanding a chain split and create something that could be like it, for the fiats, we need to simplify the situation quite a bit: Say * we have only one type of bill * and no central bank. People happily trade these bills for merchandise, a bit problematic with only one denomination, say 20 pesos, but it is doable (most fiats have a smallest bill or coin, if you need to trade smaller, you can't, but merchandise can be lumped together to alleviate it). Then comes the split. On a signal, a message from above or what have you (!), every holder of the note cuts it in two parts, one part has the number, now to be called Number-Scale (there is a scale on that note), the other half called Benito-Face (the name of the guy). Then, next you go to a merchant, and you see that all the prices have approximately doubled (since all money now are halves). You ask him what he prefers, Scales or Benitos, and he either says it doesn't matter or he prefers the Scales because those also have serial numbers on them, maybe he thinks that they are less counterfeitable or something. You give him scales. After some time, some people have mostly Scales, other people have mostly Benitos, therefore the value starts to diverge. Remember, there is nobody to peg the value together. The two money types have slightly different properties as indicated above. As a consequence, or maybe by random, the liquidity will start to differ, and higher liquidity begets more liquidity, one of those money types will mostly take over trade and holding, the other type will mostly fall into irrelevance. To understand it requires you to swallow those huge assumptions for the purpose, and some ability to think abstractly. It never happens in the fiat world, but I think it is a model that can explain the economic effect of a chainsplit producing two slightly different types of cryptomoney, like the Bitcoin Cash split in August 2017 and the BSV split in November 2018. And I offer a smiley to everybody who read all of that!

posted by /u/ErdoganTalk in /r/btc on March 9, 2019 21:24:49

https://www.reddit.com/r/btc/comments/azakoj/my_opinion_on_the_10_block_reorg_protection/

Assumptions (correct me if I am wrong). * Only implemented in Bitcoin ABC * Configurable * A network split, the reason for the original long reorgs, is unlikely these days Which miners will follow this rule is unknowable, but we suspect most large miners and pools use Bitcoin ABC for block generation currently, so there is a chance that it is more than half of current hashrate, The risk for a miner that do not adhere to the 10 block reorg limit, is to be left in the cold, *and vice versa* When the attack comes, the attacker might slip under 50 % hashrate with the combination of the current hashrate plus some altrusitic mining, that can build on either the attack branch and slip in some blocks with transactions, making the attack branch the new branch, or the altrusitic mining power can be put to work on the decent chain, to mitigate the attack. Or - if the enemy hashpower succeed in choking the system with and endless chain of empty blocks, there will be no purpose of following that chain, and the rational miners will go back to the shorter but functional branch. Worst thing that can happen is a long empty enemy chain, everybody else hashing happily on the functional chain, and then (after weeks) the enemy chain starts including transactions, and we have a de facto new coin. How would the market react? Not supportive of that chain, if you ask me. (Unless another psychopath is brough in...) So, with or without the reorg protection, I don't think we can lose. (But I could not imagine something like the BSV split, so don't take this as investment advice...)

posted by /u/ErdoganTalk in /r/btc on March 9, 2019 20:21:19

https://www.reddit.com/r/btc/comments/ay8uqz/if_liquidity_and_routing_is_solved/

... still, lightning money is different from bitcoin on chain coins * you need to backup all the cheques, meaning for full security you need to backup for every new cheque you write or receive. A backup of a seed, the normal backup type for coins, also secures coins to be received in the future. This is slightly inconvenient, in practice bitcoins stored in lightning channels carry a slightly higher risk * You need to be online frequently to watch your channels for wrong closing from your channel partner. This is impractical, and in practice bitcoins stored in lightning channels carry a slightly higher risk. * Sometimes you want to pay with on chain coins, sometimes you want to pay with liquidity you have in a lighning channel. Since there is a cost to loading up and closing channels, your money is divided in two pools. This means you need to have a slightly higher cash balance than otherwise would be necessary, at least for some actors, like businesses, who generally want to have all their money at work in the form of capital, not money. TLDR and takaway point: While these concerns are rather small, the effect is that any holder of money, small or large, will prefer to hold coins on chain, which is the better money. This is basically Gresham's law, which make a statement on money with slightly different traits that is pegged together. Lightning coins will be pushed off to others, on chain coins will be kept.

posted by /u/ErdoganTalk in /r/btc on March 7, 2019 00:05:05

https://www.reddit.com/r/btc/comments/avzrp8/i_dont_like_avalanche_because/

(Not because I am the most knowledgeable technical expert, but because...) 1. I want no deviation at all from the principle of hashpower deciding, also known as nakamoto consensus. This is really the invention that made cryptomoney possible. 2. We don't need absolutely safe 0-conf transactions. What we have is better than any non crypto payment system in this regard. Finality starts out fairly good with 0-conf for small transactions, increases in 10 minute intervals (never reaches mathematical 100% finality but who cares) Currently only 1 conf is needed in bitcoin, a few more in bitcoin cash to be faily safe. Card payments 3 months, checque until you cash it or find out it bounces, maybe even more if the bank regard the cheque to be fraudulent, inter bank transfer minutes or hours, international bank transfer days, even fiat paper notes are worse with travel time (you have to meet, and counting takes time, danger of counterfeit notes). Apparently the federal reserve has a real time payment system that is immediately final, but only for bank customers. If someone really needs immediately final small transactions, I want them to rely on a third party service, like an insurance agency, and maybe we already have it in Bitpay and their likes. Heck, even lightning could be useful! An avalanche without orphaning, just the advice to miners would not be dangerous, but then it would also not completely solve the problem. So TLDR; please don't implement Avalanche

posted by /u/ErdoganTalk in /r/btc on February 28, 2019 22:07:13

https://www.reddit.com/r/btc/comments/9a5y9i/we_already_have_unlimited_blocksize/

As far as I am concerned, the block size is unlimited now, there is no limit. A miners stragegy is thus: Regard all incoming blocks as valid, to avoid being left in the desert. Publish blocks only as large as you think the majority of others can or will handle. Of course, if a miner knows that the software he uses, will crash at a certain incoming blocksize of X, he could set a limit on incoming blocks to X as a safety margin, to protect against that crash. But it would not make a difference, he would be left out anyway. The incentive is to have software capable of handling blocks as large as technically possible, well above the largest blocks that the others will produce. The max size of blocks that the actual miner will produce, is what he thinks a majority of the other miners can handle. If they can not handle it, he will be orphaned. That is a hit to his profitabiliy. He will never know for sure before someone has tried a certain size, but he can ask others, or everybody can just tell the market in any way they fancy. This could be gamed, but I currently see no advantage of lying. (please tell if you know). If a miner will produce only small blocks, that is acceptable, and this has always been the case. You can imagine also, that a group of miners, that group must be majority hashpower to make a difference, will agree on a max size to regard an incoming block as valid - concern for the blockchain max data volume perhaps, a tad doubt on the actual performance of his or others' software, or general conservatism. I see no problem if they want to do that, it will be transient in nature anyway.

posted by /u/ErdoganTalk in /r/btc on August 25, 2018 06:50:59

https://www.reddit.com/r/btc/comments/988nyb/the_meaning_of_fiat/

To understand the word fiat in relation to money, we need to establish first in a compact way what came before. In history, and also in these days when money systems break down, many things could be money, meaning stuff that gained some extra value compared to its use value, just because people wanted to hold it in reserve. But when gold and silver is available in the market, these tend to be used. When the gold owner leaves his gold with a storage facility, he owns it, he decides when it is going to be sold or rented out. It can be sold in place, but this is the same as gold used as money, even if it depends on the storage facility. The gold can also be stored, but each piece not allocated to a specific owner. The receipts circulate the same way as with the allocated gold, but this I will call a money system fully backed by gold. In the classical gold standard, the storage operator issued more receipts, and a common conservative rule was to issue three times more receipts than the backing. In itself a bit dangerous, because you never know when the market starts to distrust the money manager, and such distrust can come from changing economic conditions. It is difficult to withdraw the paper from the market, because the added money units was of course spent. The money manager, who profited from it, regarded it as a splendid system. The note owners under the classical gold standard had the right to go to the bank and get the amount of gold promised. Everyone could not do it, because there was only about a fourth of the necessary backing, which was the source of varying degree of trust in the system. At some point, the mistrust would take over the minds of the note owners, and they would create a run on the bank, the money manager, who could be the state itself. The value of the paper money would diverge from gold. A private bank would just go bust, but if it was the king (in any form, including a republic or a democracy), the king would first declare that the paper was worth exactly as much as the gold itself: A mark is a mark is a mark. A dollar is a dollar is a dollar. In addition, the king would create hurdles for exchange, require paper in its own business (taxes - the robbing business), and on money movement over the borders. But in addition to that, he would intrude into private contracts, declaring that even if a payment was agreed on to be in gold, it should mean paper, and this was included in the laws. (This is the reason that land rents agreed on a hundred years ago, now seems laughably low. The contract was to be paid in gold, either implicitely, or expressly written, and there was of course no inflation adjustments. Resolving conflicts regarding these contracts continues to this day). After some time, when the gold and paper money separated completely, no one would conflate gold and paper, the difference is obvious. (Although since the fiat laws still exist, making a contract with payment in gold could be somewhat risky, but if you expressed the amount in grams or troy ounces it would probably walk around the fiat law). So the decree was appeal to trust in the sovereign, appeal to morals and support of the country, intrusion into independent money changing trades, raising walls for money movement, the tax payment requirement, and the intrusion into private contracts specifying gold as payment. Later these points became irrelevant, and it is more correct to call it a fiat moment, when the classical gold standard fell, the modern money is best called national paper money, The austrians want free market money, and it seems we have had it all the time, because the state can not really decide, it is the savers and traders who decide what money to use, it has always been. Had I known this when I was young, it might have made a difference.

posted by /u/ErdoganTalk in /r/btc on August 17, 2018 23:27:00

https://www.reddit.com/r/vzla/comments/94duz1/murray_n_rothbard_1970/

>One of the conclusions of this analysis is that the purely free market maximizes social utility, because every participant in the market benefits from his voluntary participation. On the free market, every man gains; one man's gain, in fact, is precisely the consequence of his bringing about the gain of others. When an exchange is coerced, on the other hand—when criminals or governments intervene—one group gains at the expense of others. On the free market, everyone earns according to his productive value in satisfying consumer desires. Under statist distribution, everyone earns in proportion to the amount he can plunder from the producers. The market is an interpersonal relation of peace and harmony; statism is a relation of war and caste conflict. Not only do earnings on the free market correspond to productivity, but freedom also permits a continually enlarged market, with a wider division of labor, investment to satisfy future wants, and increased living standards. Moreover, the market permits the ingenious device of capitalist calculation, a calculation necessary to the efficient and productive allocation of the factors of production. Socialism cannot calculate and hence must either shift to a market economy or revert to a barbaric standard of living after its plunder of the preexisting capital structure has been exhausted. And every intermixture of government ownership or interference in the market distorts the allocation of resources and introduces islands of calculational chaos into the economy. Government taxation and grants of monopolistic privilege (which take many subtle forms) all hamper market adjustments and lower general living standards. Government inflation not only must injure half the population for the benefit of the other half, but may also lead to a business-cycle depression or collapse of the currency. Murray N. Rotbard, "Power and Market", from Conclusion: Economics and Public Policy/Economics and Social Ethics https://mises.org/library/power-and-market-government-and-economy/html/p/699

posted by /u/ErdoganTalk in /r/vzla on August 3, 2018 17:58:58

https://www.reddit.com/r/btc/comments/933f48/going_up_and_going_down_inserting_some_boring/

Unless you are are a journalist, you need to set your reference point in advance (if you are a journalist, look at the historic curve and select some points to serve your proposition, which is random anyway, created not to inform, but to attract viewers). You can for instance select end of month points. You can go shorter, but as you know, the price can vary, apparently random, and it does not help. So if you use for example months, you know that the beginning and the end price is somewhat random, so you need to look at *two consecuitive* months. Basically, you need three measuring points. And only if they are continually rising (second point higher, third point even higher) you can say that the price *has been* (past tense) rising. (that is how the keynesians conclude if there has been a rising gdp). You never know if the price is rising at a specific time, for instance now, and it does not say anything about the future. Then there is the price you measure against. It is not the value, it is some price pair. If it is the dollar, you need to take into account change in the dollar value. The bloomberg dollar index, for example, measures the price of the dollar against other fiat types, mainly the euro. The value on the other hand, is unnknowable, but you can get an approximation by comparing the dollar also to the general price level, which is also genuinely unknowable, therefore only an approximation. tldr; Predefined measuring points, only historic, doesn't really tell you the value, chosing measuring points after the fact can tell you what you want it to be.

posted by /u/ErdoganTalk in /r/btc on July 30, 2018 07:54:16

https://www.reddit.com/r/btc/comments/8tdn4l/the_dollar_dilemma_where_to_from_here_by_ron_paul/

This brilliant article by Ron Paul lays out the precarious situation for the world fiat money system, and the consequences of its demise for freedom and prosperity, not only for americans but for everybody. You can find it here: https://mises.org/wire/dollar-dilemma-where-here In it, he also covers cryptomoney at some depth. He has a long time love for gold as money directly used in trade, but he is open to cryptomoney and correctly notes that the traders in the market should determine the kind of money they want to use, governments should exit the money business. He speculates that possibly gold and cryptomoney can exist side by side. He notes the historic use of gold money, how cumbersome it is to use it, and describes the advances in communication first in physical transport, then the information revolution, advancing to nearly the speed of light with the telegraph, and compares this to the use of hitech in crypto. And this is the point where I think he is a bit on the back foot. He notes that Western Union could wire money all over the world in an instant, defying the physical gold transport problem. But they did not in fact wire the money. It was a trust based banking system, starting with the banker dynasties, where the father sent out his sons to trading centers to aid in the money transfer business. It was built on family, through blood, and a religious and honest upbringing. They offered letters of credit to the merchants, that could be converted to money elsewhere, and a system of clearing. These days it is trust the institution rather than the family. In the case of cryptocoins, we in fact transfer the money. In our system, the ownership is knowing the secret key of a coin, we transfer the ownership by proving that we have the key, in a transaction. There is no debt, not even temporarily, there is no need to trust an institution while the coin is in transit. Anyway, he has been open to cryptomoney for a long time, this means he is nearly there.

posted by /u/ErdoganTalk in /r/btc on June 23, 2018 18:57:23

https://www.reddit.com/r/btc/comments/85j8oh/central_banking_is_not_only_about_money_printing/

It goes like this. Roles: The king (bancrupt) and the money sorcerer (bankrupt). The king: I need money, I wonder if I should take a tour around england and rob the rich. The money sorcerer: I have a better idea 1) I lend you the money (which I dont have). We divide it in many parts and call it bonds. 2) You deposit the money (which does not exist) in my bank The king: How will that help me? The money sorcerer: 3 I I loan from the public (sell the bonds), that money you can withdraw from deposits and spend. The king: Ahh now I understand -- I think, why can't I loan directly from the public? The money sorcerer: Trust. They get the money back but roll over to new bonds. Edit: I call the loans (to you) reserves. They dont understand what is going on. It takes a bit of time, but we can increase the loans endlessly The king: Still not totally convinced. Is there more The money sorcerer: I need some privileges. 1. The monopoly to create banknotes (at the time anybody could do that) 2. Some regulation encouraging people to use my banknotes 3. The right to lend more than I have, based on the fact that people (or the people paid with the loans) tend to deposit it in my bank again. (Fractional reserve). This is normally regarded as a swindle, but I need to be exempt. 4. I need a monopoly of diverse financial services to be able to take fees. The king: I understood half of that, but if you think it is possible, let's do it!

posted by /u/ErdoganTalk in /r/btc on March 19, 2018 08:54:31

https://www.reddit.com/r/btc/comments/7mcmnb/demand/

You don't believe in crypto. Demand? No You are interested in having crypto. Demand? No You want some coins. Demand? No You feel the urge. Demand? No You move some fiat to an exchange. Demand? No You put up a bid. Demand? Yes Nothin happens, you increase the price of the bid. Is the demand increased? Yes, but impossible to express as a sum. The demand is a list of prices and amounts, so you changed the demand curve, making it stronger. Someone reduced their ask price, crossing your bid price, the matcher at the exchange noticed and excecuted a trade. It changed both the demand curve and the supply curve, and importantly, it discovered the price. The order book on the exchange somewhat resembles the supply and demand curves, but some people also watch the exchange with their trigger finger ready until an offer is suitable, so it does not tell the whole story. You could say that there is demand, but the actor preferred to keep it to himself until the last moment. Correspondingly, if someone who have coins decided to not sell them yet, he represents no supply, not until he moves them to an exchange and put up an offer to sell. Having coins you want to sell sometime in the future, but not now, is reservation demand, which is also demand. The same goes on in the person to person market, but with less granularity, with less speed, and less information available.

posted by /u/ErdoganTalk in /r/btc on December 26, 2017 22:53:59

https://www.reddit.com/r/btc/comments/7kgm8a/what_the_elites_have_done/

Reviewing recent history, they have not been in "ignoring us" mode for years, neither "laughing" mode. They have been in full fight mode for two years, with the usual weapons: Infiltration: Taking over development Destroying the leading cryptocoin Character asassination of unwanted developers Distraction: Creating numerous pathetic forks only after our fork. Taking over social media, suppressing expression of unwanted views Taking control over the press, starting with coindesk, writing anything unimportant, managing to cover forks without mention of the essential fork, Bitcoin Cash. Shaming the unethical soundness of the coin. The neo keynesian lie of the necessity of exponentially increasing coin number. Suggesting the blockchain is the important technology, although there has been no successful application outside money. Hinting of criminality, creating stories (that could have been true, but probably isn't) on terror financing. Connecting the cryptomoney to any fraud or theft, when there is no connection to the ~~crime~~ money itself. Making roadblocks in the banking system to depress the ability to convert from fiat. Threatening with absurd taxing of money transactions, the half of all trade, sales tax on useful stuff and sales tax on the money at the same time, double sales tax. Regarding cryptomoney not as money, but as a valuable asset. Exaggerate the effectiveness of chain analysis. Lying about the resource usage, the decentralization we have, the coin multiplication problem wannabe and numerous other lies. *Hiding the grand fiat fraud.* **Acting as if they have the right to do what they do.**

posted by /u/ErdoganTalk in /r/btc on December 17, 2017 16:41:54

https://www.reddit.com/r/btc/comments/7keoxf/mempool_and_fee_prices_btc/

The prices rise to stop the demand, the demand is not a single number but a series of pairs, like x trans for y price each, and x1 trans for y1 price. With an artificially restricted supply, the price for those transactions that will confirm, rises. This is typical for socialistically enforced capacity max limit. With forced low price we have the same. With forced high capacity or forced low price we get oversupply, it is the same turned on its head. Core sometimes (always) put forward that there is high enough capacity, and a low enough price at the same time - which is absurd. The mempool increases only when the market surprises those who wants to transact, so their fee, which they thought were ok, turns out to be low. So the important signal to watch is the fees, not the mempool. High prices is in general a signal to increase supply, but as you know, that is artificially restricted, so the high fee signal is not heeded (in btc), and the price of fees continues to be high. Additionally, I think the price of the coin leads the demand for transactions. People (coin price speculators) can see in advance that it is useful money, therefore buy in, but the transactional demand is not there yet, it comes later. So the prospect of btc (in my mind) is that the transaction fees will rise, even if the coin price should stagnate. Not good for btc speculators and future transactional users.

posted by /u/ErdoganTalk in /r/btc on December 17, 2017 11:32:30

https://www.reddit.com/r/btc/comments/7k4fl9/leaning_back_and_taking_a_birds_view/

After a few stressful years, the future looks great for cryptomoney. Young people: The days of thrift and hard work is back, you can be rewarded with prosperity. A steady job and a steady cunt (adjust as appropriate for the other sex lol!). Work and save. Work for yourself and for the local society at the same time! The society is different from the state, the state is more like a great mafia!. The society continues when the state implodes. Don't be fooled by the neo keynesians. Sound money, one world money, is great for humanity. Beware of stress when the fake welfare/warfare state falls apart. Be prepared, have real resources availalble too. Never before in my long life I have seen the awakening to the facts of real life what is going on now. The internet and cryptomoney has lead to a grand conscience building (my senses could be distorted, as I currently select my friends carefully, or rather, good people come to me). Anyway, I see a future of sound money, where the plane carrier warships are abandoned due to unpayable fuel, the soldiers go ashore to grow vegetables and associating with local girls, the panzer steel reassigned to road work - a two inch steel plate can easily carry a heavy truck over a several meters wide ditch made for road repair... ahh, wealth creation by voluntary win win trades. Am I dreaming? No, but beware of social upheavals until things settle. Take care! By the way, here is a letter from my current favorite laid back crisis investor, Doug Casey: http://www.internationalman.com/articles/doug-casey-on-what-happens-after-the-next-9-11

posted by /u/ErdoganTalk in /r/btc on December 15, 2017 21:18:30

https://www.reddit.com/r/Bitcoincash/comments/7jctec/cashshuffle_ubuntu_practical/

I have this ubuntu 16.04 LTS, 64 bit version, and I successfully run both Electrum and Electroncash, both with the trezor plugin. Earlier experience tells me that I should not mess to much with the installation (or setup) because things can break. Currently I run ./electroncash (from source), but I have the right icon in the sidebar, which is a remnant of earlier installation attempts. So, I want to run coinshuffle. I have cloned the git repo, and tried to softlink the shuffle subdirectory from that into the electroncash/plugins directory. When I do that I get this error at start: ekki@desk01:~/prg/cash-Electron Cash-2.9.4$ ./electron-cash Traceback (most recent call last): File "/home/ekki/prg/cash-Electron Cash-2.9.4/lib/plugins.py", line 83, in load_plugins self.load_plugin(name) File "/home/ekki/prg/cash-Electron Cash-2.9.4/lib/plugins.py", line 102, in load_plugin p = loader.load_module(full_name) File "/usr/lib/python2.7/pkgutil.py", line 246, in load_module mod = imp.load_module(fullname, self.file, self.filename, self.etc) File "/home/ekki/prg/cashshuffle-electron-cash-plugin/shuffle/qt.py", line 50, in <module> from electroncash_gui.qt.util import EnterButton, Buttons, CloseButton File "/home/ekki/prg/cash-Electron Cash-2.9.4/gui/qt/__init__.py", line 35, in <module> from PyQt4.QtGui import * RuntimeError: the PyQt4.QtCore and PyQt5.QtCore modules both wrap the QObject class Traceback (most recent call last): File "./electron-cash", line 373, in <module> d.init_gui(config, plugins) File "/home/ekki/prg/cash-Electron Cash-2.9.4/lib/daemon.py", line 281, in init_gui gui = __import__('electroncash_gui.' + gui_name, fromlist=['electroncash_gui']) File "/home/ekki/prg/cash-Electron Cash-2.9.4/gui/qt/__init__.py", line 46, in <module> from installwizard import InstallWizard, GoBack File "/home/ekki/prg/cash-Electron Cash-2.9.4/gui/qt/installwizard.py", line 13, in <module> from seed_dialog import SeedLayout, KeysLayout File "/home/ekki/prg/cash-Electron Cash-2.9.4/gui/qt/seed_dialog.py", line 31, in <module> from util import * File "/home/ekki/prg/cash-Electron Cash-2.9.4/gui/qt/util.py", line 52, in <module> class Timer(QThread): NameError: name 'QThread' is not defined ekki@desk01:~/prg/cash-Electron Cash-2.9.4$ So if someone could give me an idea to fix that without requiring running the setup script, I would be glad.

posted by /u/ErdoganTalk in /r/Bitcoincash on December 12, 2017 13:30:40

https://www.reddit.com/r/btc/comments/77qglb/free_market_money/

The traders decide what is money - normally the most sellable stuff available. We have always had it, really. The fiat laws momentarity affected some contracts, and other types of money like gold has briefly been declared illegal by the dominators - in conflict with human rights - their reason d'etre - and their normal mode of operation. With different hidden intrusions in the market, they have been able to sidestep gold - the traditional money. And with open intrusion in the market they were able to kill the liberty dollar for instance. Keeping their monopoly. Printing money - what a glorious business idea. Refer also to the central bank scam: Moneyless money doctors making a deal with the moneyless dominators - we can lend you some billons provided you deposit those billions with us (which we rename reserves), if you give us the monopoly of printing, and the power to sell the loans we gave you in pieces to the market, and the power to lend with fractional reserves. Read about it in the creature from jekyll island, it is not difficult to understand if you use the right words. The story is more on the absurd side. How could we be fooled? Now, we have cryptomoney, the invention by satoshi, cryptography, randomness, proof of work... Now the world is open for the love of free market money. What a change. Comparable to magna carta, personal powdered guns, and the printing press, and the rise of the internet.

posted by /u/ErdoganTalk in /r/btc on October 20, 2017 21:06:12

https://www.reddit.com/r/btc/comments/77qbu1/unit_of_account/

The dollar is not good for that, not for multiyear projects. Have you ever heard the cost of a railway project, for instance - to match cost to projected cost, they need to standardize on a certain dollar year. So if a project was started in 2015 projected to cost 100 million, the cost they expend multiyear must be converted to 2015 dollars to be comparable, to ensure the cost is within budget. Value can be expressed (measured) in whatever. High school people using 6-packs for instance. A shipowner conference: Shipowner 1: I inherited 20 tankers, now I have 50 Shipowner2: Do you really own them all, or are they beloaned? Shipowner1: Fully owned, as my father told me to do Shipowner2: I have 70, same as last year. Let's go to the bar. Houseowners meeting: Houseowner 1: I now have 70 houses. Houseowner 2: Fully owned? Houseowner 1: No, I used 20 as collateral for a loan to by 20, so I guess I really own only 30 fully, the others geared. Houseowner 2: Well I have 30, same as last year. Let's go to the bar. Take away point: There is no real, definite, measure of value, everything floats, and you can choose your own yardstick. Many will use something relatively stable, like the dollar, but be aware of the planned depreciation, maybe the dollar year as a subscript will do. There is no point in using bitcoin as a measure for value for the time being, maybe after hyperbitcoinization. Bitcoin is still money, the essential feature is the store of value: Ideally no intrinsic value, only value that has its origin in the speculation that someone will take them in a trade in the future. With money, it is all about the future. It is a store of value, but speculative, there is no guarantee of what you get back. That depends on the preferences and actions of people in the future, when you want to trade them. Store of value - the essential feature. Transactability another parameter, low cost and many takers. Low cost of storage also. Bitcoin Cash have it all.

posted by /u/ErdoganTalk in /r/btc on October 20, 2017 20:39:33

https://www.reddit.com/r/btc/comments/6s15m8/electron_cash_and_trezor/

The trezor has a new addressing scheme for bitcoin cash. Here is instructions on how to access the bcc from a pre fork trezor account, and optionally to move the bcc to an address in the new scheme. If you do that, your electon cash wallet for the trezor will be compatible with beta-wallet trezor.io, which uses the new scheme. In ~~the trezor~~ electron cash, create a new wallet, Standard wallet, Use a hardware device, select your trezor, next, enter the pin using the numeric key layout on the trezor screen, then enter password, and now the important thing: the bip44 derivation path. The default presented to you in electron cash is this: m/44'/0'/0' This path is the same as the old, which means the addresses generated for used addresses and for future addresses, is the same as in the btc wallet. This is ok, because the address format has not changed. If you use a bitcoin wallet and a bitcoin cash wallet with the same trezor/password combination, you will see the same history up to the fork, and divergent histories after the fork. The trezor web wallet for bitcoin cash, which is currently the separate page beta-wallet.trezor.io, uses a new bip44 derivation path, this one: m/44'/145'/0' with this derivation path, other addresses are generated from the same seed/password combination. That is the reason that your wallet is empty when you first open it. So if you use this path in electron cash, it will be the same addresses as the webwallet, and you can easily have access to your trezor wallet from the web and from electron cash at the same time. If you create two wallets in electron cash, with the same trezor device and password combination, one wallet with the original path and one with the new, you can transfer your bcc coins to the new wallet. This is essentially what the "claim" tool on the trezor webpage does. If you have used multiple accounts, you can access them to with creating a new electron cash wallet for each account with an adjusted derivation path, Like this: old scheme: m/44'/0'/0' m/44'/0'/1' m/44'/0'/2' m/44'/0'/3' corresponding new address scheme path should be (untested for now) m/44'/145'/0' m/44'/145'/1' m/44'/145'/2' m/44'/145'/3' See also https://github.com/bitcoin/bips/blob/master/bip-0044.mediawiki You will find this explanation: m / purpose' / coin_type' / account' / change / address_index It means that bitcoin cash is defined with a new coin type 145

posted by /u/ErdoganTalk in /r/btc on August 6, 2017 17:39:16

https://www.reddit.com/r/btc/comments/6l0vzm/never_implement_bip100_never/

Title is intentionally absurdified, to get corrections, comments and votes, lol! Here is the real stuff: "Among adopting nodes, there will be no disagreement on the evolution of the maximum block size, according to BIP100. “The system is compatible with emergent consensus, but whereas under that system a miner may choose to accept any size block, a miner following BIP100 observes the 75% supermajority rule, and the 5% change limit rule”, the proposal reads." “Excessive-block values signaled by emergent consensus blocks are considered in the calculation of the BIP100 block size hard limit, and the BIP100 calculated maximum block size is signaled as an excessive-block value for the benefit of all observers”. That was from https://news.bitcoin.com/bitcoin-block-size-growth-plan-bip100-gets-update/ Partly from the author Justin Connell, and the BIP100 authors, of which Dagur Valberg Johannsson was in Arnhem, and confirmed the relevance of BIP100. Compatible with emergent consensus, supposing excessive block is set equal or higher than the BIP100 excessive block, and maximum generation size is manually moved up but not higher than the 5% BIP100 increase, and not before the the delay specified in BIP100. Did I get that right? If so, can they be made *more* compatible? Emergent consensus maximum generation size can move instantly, without regard to the level of majority.

posted by /u/ErdoganTalk in /r/btc on July 3, 2017 12:21:32

https://www.reddit.com/r/btc/comments/6j9ci7/fees_in_a_largeblocks_environment/

Here is my educated guess for fees in a largeblocks environment. With largeblocks, we will have a market on both sides of the trade, both transaction confirmation supply, and demand from the payers. With high demand pressure, both prices and block sizes will rise, until the demand pressure diminishes. The prices will result from what majority of miners think, not necessarily with a formal agreement or agreement at all. A single miner which is not among the very largest, can not dictate a very high or very low price. He may clean out the orderbook every time, but the transaction demanders can not rely on that, because his block might come hours in the future. The miner has not much to gain by including a bunch of almost free transactions. The effect for individual miners will eventually be nil, high or low fees will give the same profit. However, it will affect the aggregated hashpower. The store of value aspect is not affected. We know what people are willing to pay, and for a substantial amount the current fees are, frankly, peanuts. The quality of on chain transaction is best, compared to all other payment methods, by far. Still a fairly low price will be best for the payer, the growth of the user base, and the humanity at large. With largeblocks, the fees will be reasonably small, but not smaller. Zero conf transactions are still good (except for som special businesses), even with the malleability bug and the normal risk of orphans and reorgs. Personally, I have exactly no problem receiving a transaction of say 5kUSD value as zero conf, as long as I have seen his face (and in the current situation, it has a reasonable fee). So my qualified guess: Higher value, priortity transactions, 150 sat/B (good chance for first block) Any value, priority transactions, 100 sat/B (good chance for first block) People paying 50 sat/B will have a high possibility of confirmation in the first 3 blocks or so, but no certainty. 10 sat/B transactions will, by miner decision, be delayed 24 hours. Low prices for old coins somewhat like the old 1 days destroyed rule. Low price for single output transactions. Other variants at the discretion of each miner. With segwit and segwit2x, I doubt there will be substantially lower prices, the added capacity is too small, we have been knocking our heads in the roof for two years now. For those who think that payee should take the fee (and the trouble to decide the fee amount), instead of the payer, I have this: With the payment request, popular by professional vendors, the payee can decide the fee, and subtract it from the amount to be paid in advance, the effect being that the payer only pays what is on the tab. (with some reservations, because the payee doesn't know the inputs).

posted by /u/ErdoganTalk in /r/btc on June 24, 2017 13:25:21

https://www.reddit.com/r/btc/comments/6fodv0/the_error_of_fiat_currency_enthusiasts/

"It simply keeps panic from causing greater economic harm in times of crisis when people hoard the underpinning of a commodity currency and stop the wheels of commerce. And that makes a fiat currency far better than a gold standard." The words of Jason Hall in https://www.fool.com/investing/general/2015/12/06/fiat-currency-what-it-is-and-why-its-better-than-a.aspx The real fact is that sound money, including gold and bitcoin, is not static in its appearant number of units. This is because of lending. Imagine a production chain of toys to be sold for christmas. The producer of materials, half fabricated parts, the factory, the gross unit vendor and the store, are all out of money and can not produce and distribute the wares in time for christmas. What happens? Basically, lending happens. Starting with the store owner, he says I can not order the toys unless you sell them on credit, payable after newyear. This can be in the form of a bill of exchange, written by the store, now in the hands of the gross vendor. He can turn to the factory, bill of exchange in hands, and say I can order stuff if you take this bill from the store, payable after christmas, endorsed by me. And so on down the chain. Without money, they can all do the production on credit, the bill of exchange, now endorsed by a number of well reputed merchants, is nearly as good as money. Thus the money supply (number of units) is extended. In a sound money situation, this credit will tend to be extinguished when not severely needed, because there is interest to pay, and even a good bill is not as good as the real money. Sound money does not mean a hard supply (number of units), it is stretched with varying levels of credit, governed by the market.

posted by /u/ErdoganTalk in /r/btc on June 6, 2017 16:07:55

https://www.reddit.com/r/btc/comments/61l8v2/a_possible_fee_structure_going_forward/

We had zero fees, then someone paid fees as some form of charity. Then we got the destroyed days system, zero fee was ok if the coin fractions were large and old. Then we got the all must at least pay something. Then we got the sorting of best fee per byte first. It was always the miners in some way colluding, but directed by the defaults in the software, invented by the developers. There were variations, the miners did their own thing. To this day, some miners accept some zero pay transactions, and some, i suspect, still honor the destroyed days system. So a fee structure can be instigated (I don't say enforced, because some miners will always do their own thing), this will either just materialize, or it can be the result of discussions in a cartel of most of the largest miners. This is not especially negative for customers, the people wanting to transact, because there will allways be someone outside or inside the cartel looking to take advantage of breaking the rules. The more extreme the rules are, the more profitable it is to break them. So here is a simple possible plan for the future: * Take high paying fees, where the fee is high per value transferred, just like they are used to in the conventional payment system, a certain percentage. Confirmation in first block. * Take high paying fees for small amounts, according to their size as now. Confirmation in first block. * Take high paying (in satoshi per byte) fees when they have matured a few hours in the pool. Those miserly rich people, let's show them to behave. * Then cheaper paying transactions after maturing a day or so in the pool. * Then maybe a few free transactions with one output to give people a chance to combine all those small, otherwise unspendable outputs. * Then a few zero fee transactions for the heck of it. As stated, there will always be competitors who will do something else. On the other hand, if a miner only has the haspower to mine one block per day, he doesn't have too much to say about timely confirmations anyway. Just a possible fee structure after largeblocks. Further on, I think there should be a way to trade for fees directly with an individual miner, for instance paying for a batch of transactions on the side, or in a transaction crafted for the purpose of paying for the batch, that transaction is not published first.

posted by /u/ErdoganTalk in /r/btc on March 26, 2017 08:04:03

https://www.reddit.com/r/btc/comments/60qlqt/liquidity_is_absolutely_essential_for_money/

Liquidity is the ease with which you can get rid of your coins, exchanging it for something else of value (it has nothing to do with aquiring coins, if that is easy, it means that whatever you offer for the coins has liquidity). Now, if you want a SUV but have a truck, but can't get rid of that truck, noone wants it. There is no liquidity for the truck. That is not a catastrophy, you can just continue to use it. It is not optimal, but either not essential to you. The liquidity for trucks is not all important, *because they are useful*. (Most dealers offer to take the vehicle, but only if you buy a more expensive car at the same time. They are in the business of distributing vehicles for money, not in the business of collecting vehicles, distributing money). With money, it is different. *They are not directly useful*. There is only one reason to hold a coin balance, and that is to exchange them for something else in the future. Else you would be creating value for nothing. Delaying the fruit of your efforts indefinately, thus wasting the effort. Liquidity is therefore absolutely and totally all important for money. Liquidity in money is the reason why you normally exchange a truck for a SUV in two distinct transactions, via money. Bitcoin does not currently have the very best liquidity. Dollars have, or rather the deposit money pegged to the actual fiat paper rectangle dollar, that can be transferred to someone else using a card. Liquidity begets liquidity, because all actors want the most liquid money. But - here is the take away point: *Bitcoin liquidity is quickly increasing despite having lower liquidity than fiat money*. That can only mean it has better money qualities. And that means it will take over - we are mooning.

posted by /u/ErdoganTalk in /r/btc on March 21, 2017 17:51:59

https://www.reddit.com/r/btc/comments/60eans/bitcoin_price_in_the_near_future_what_to_expect/

Basically, the market decides, which is the choices of each individual. Some want to have coins, some want to have more, it is the demand. Some people want to hold less, that is the supply. Holding more or holding less - that is two sides of the same coin, so what we really have, is only the demand to hold. What decides the demand? Speculation of future price from the savers, practicality of use from those who only want to pay with bitcoin You have yesterdays price, and since coins are basically useless in itself, it is what each actor believes they can be traded for in the future that counts, and the size and duration of the cash balance for payers. And what could be the basis of one's belief? We have some indications. The new regulations for china and the temporary halt of withdrawals have depressed the value of china bourses. The price over there (in yuan converted to USD using the yuan/USD pair in the forex market) has traditionally been higher, has been lower the last few weeks (just checked, it is about the same now). So that type of regulation is meaningful. Will the effect last? Maybe. If there is confusion about the fork and how the exchanges handles it, the logical countermeasure is to redraw from bourses, and the easiest way by far is to sell all your fiat on the bourse for bitcoin, and redraw bitcoin. That will depress the price, probably a factor in what we have seen lately. Expect some volatility due to this. The constrained capacity for transactions has been an argument against bitcoin from outsiders for years. When this is resolved, more people will be interested and their wish to have a coin balance is demand that takes the value up. Then we have the general rise of interest, in my opinion the most important factor. Bitcoin as payment and bitcoin as a savings vehicle are functions that are useful for many people as we speak, and it is likewise useful for many people who currently don't know about bitcoin. This is an undercurrent of new demand that always drives the price up. That is the get rich quick but not that quick function. Hold coins, you will be rewarded. The last point I want to mention is the liquidity: The ease with which you can rid yourself of coins, trading it for something else of value. The liquidity depends on the number of users, if you can trade with the first person you meet, you have high liquidity. More liquidity means new, hitherto unpractical uses becomes practical. *Liquidity feeds more liquidity*. It is the hyperbitcoinization argument. Together, this means: Currently prices are low compared what they will be. We might have even lower prices as we close in on the fork. If or when the problem is resolved, many people will increase their demand to hold coins in their cash balance. Therefore, this is an exceptionally good time to hold or aquire more if you still have buying power.

posted by /u/ErdoganTalk in /r/btc on March 19, 2017 23:30:00

https://www.reddit.com/r/btc/comments/5rc6jq/the_value_problem_explained/

Shameless repost from https://bitcointalk.org/index.php?topic=769927.msg8679625#msg8679625 The purpose here is to explain the value of bitcoin, using a normal commodity as a starting point, and deriving the value of bitcoin from that. A precondition is agreement of the theory of demand and supply. This is basically that value comes from the considerations of people in their minds and their actions, each person has a stepped curve of value per unit, and these demand and supply curves are aggregated on the market. Take a commodity that is produced and consumed, and is durable (so it is possible to hold), like aluminum or copper. There are only two types of actors in this model of the market, the producers and the consumers. Both the producers and the consumers can hold, the producers after it is produced, and the consumers before it is consumed. So the producers and consumers meet on the market with their supply and demand curves, where the curves cross, trade happens, and after the initial trades, more trades occur only when the curves change. The commodity moves like this: Production -> store -> market -> store -> consumption Obviously, when production parameters change, the supply curve changes, and some will be sold on the market. The same goes for the other side, when the stuff is consumed , the consumers take to the market to buy more. The equilibrium price changes accordingly. When the price is low, the producer might increase his store, this can be called reservation demand. When price is high, more will be produced. Conversely, when the price is high, consumption goes down, and the consumer might turn seller by reducing their holding. Now to money. The special thing with money (fiat or bitcoin, gold is a bit of both, money and consumable commodity) is that money is not consumed. Think of consumption as destruction of the goods for a purpose. When you consumed a candle, it was destroyed, but you got the light that you wanted. There is no reason to consume money by destroying them, it gives you nothing, (compared to what you get when you trade them). On the other end, production, bitcoin is not produced either, after the initial amount is created. (Fiat is special, since more is continually printed, but they don't have to be). So what we have left is this picture (producers are not producers any more, but sellers, and consumers are not consumers any more, but buyers). Seller -> market -> buyer. Since a seller can not sell more when he is empty, he also has to buy, to continue to be an actor. And the buyer can not buy more than he has other goods or services (or other money types) to sell, and he doesn't want to either, because he can not consume the money. Therefore we can combine the buyer and the seller: Seller/buyer -> market -> seller/buyer And they have to change roles sometimes, so Seller/buyer <-> market <-> seller/buyer. Conclusion: The value is from the demand and supply, where demand comes from the wish to hold, and the supply comes from the wish hold less. Thats all, folks. That is all there is to it.

posted by /u/ErdoganTalk in /r/btc on January 31, 2017 19:24:48

https://www.reddit.com/r/btc/comments/5hu5n7/mining_fee_market_dynamics_there_will_be_no_fee/

In a future situation with a block size decided by the market, the minimum fee will be at least 1 satoshi, right? There is no incentive for any miner to include a zero fee transaction (unless he has a scheme for that, with other incentives). So, if some users provide a 2 satoshi fee, then some miners may decide to take those, and discard some of the 1 satoshi transactions. And then, some user might tack on an even larger fee... In a free market mining situation, which we have now, there will be a few large miners, some smaller miners, and a number of really small miners. Large miners can have better efficiency, but additional cost of bureaucracy hold them back. The situation changes all the time, due to miner competency, bitcoin price, and external factors like accidents, pricing of electricity, equipment, transport, factory space and personnell. The largest miner can be the next largest miner in an instant. A large miner can to some extent control the fee level. If he decides on a more expensive price model, the smaller miners will follow to some degree. Why sell out cheap when the largest vendor takes a higher price? A larger miner can also bet on finding a string of subsequent blocks, if he does, his higher fee structure will create a temporary backlog for the low fee transactions, and higher fees for the important transactions. Seen from the user side, the fees should be as low as possible, but when I pay a hefty amount of coins in a transaction with a real business counterparty, the prompt arrival of the payment is worth a premium fee. Not so if I just want to rearrange my wallet, in that case it is just irritating to pay the fee. For smaller value transactions, a high fee is not worth it, on the other hand, for smaller amounts, zero conf is acceptable. So from the user side, both the timeliness and the size of the payment is of importance. The randomness in block times and in transaction demand will ensure a range of prices paid. The end result will be a price structure depending on amount, urgency, and transaction size, and may be other parameters. For the actual fees, we will have to wait and see what the market decides. Don't forget, the market is individuals on both sides, and each individual takes into account everything in his life, when he makes a decision.

posted by /u/ErdoganTalk in /r/btc on December 11, 2016 21:44:47

https://www.reddit.com/r/btc/comments/42dz1v/bitcoin_can_take_care_of_all_trade/

For anyone who doubts that bitcoin could run the world economy - it can. with the three mechanisms we already have: * On chain transactions, that can easily scale from the current number of transactions per day to a thousand times more, just by extending the block size. * Full reserve payment businesses, like localbitcoins and coinbase, we can have hundreds more just like them, making themselves popular within an area. * Paper wallet notes. We have them, but although they are not popular, they could be for the need of local transactions of small value. Replacing face to face fiat transactions. For those who like to feel the money in their hands. The businesses supplying these notes, need not be trusted with money at all, all the trust that is needed is that they genuinely forget the secret key for each note. A long time commitment, years of operation without failure and some public relations work is necessary. These notes can be transacted with no network activity and disk space growth at all. Then there is extensions: An obvious one is the payment services' cross business payments, where the net payments between customers of each business is cleared regularly. Then card systems denominated in bitcoin, they should logically have the same capacity as the current card systems. Then, stuff that has not been invented yet. About microtransactions: The world works without them now, small things are packed together to ease the transaction cost. If packages have to be larger, or a monthly payment has to be bi-monthly, so be it. It does not fundamentally change the function of the market. The total capacity is not a problem - bitcoin is able to take care of all trade. Why would people want that? Because it is money that is not continuously debased, because it is international in nature. One world, free market sound money is a dream for traders, investors and savers. It is wanted, and it will happen.

posted by /u/ErdoganTalk in /r/btc on January 23, 2016 20:58:38
Top
/r/btc/comments/hl15uv/import_a_12_words_passphrase_seed_wallet_to/fww47t2/

I would use Electrum for that

Commented by /u/ErdoganTalk in /r/btc on July 4, 2020 06:25:27
/r/Crypto_com/comments/hks05v/card_issue_status_says_pending/fwuoyo7/

Ok, waiting for the "issued"

Commented by /u/ErdoganTalk in /r/Crypto_com on July 3, 2020 19:13:02
/r/Crypto_com/comments/hks05v/card_issue_status_says_pending/fwuoino/

You forgot the /s then, I gues/s

Commented by /u/ErdoganTalk in /r/Crypto_com on July 3, 2020 19:08:41
/r/btc/comments/hkmqjg/uk_court_denies_maduro_access_to_1_billion_of/fwuiwpo/

Is it gone? Don't thinks so

Commented by /u/ErdoganTalk in /r/btc on July 3, 2020 18:14:58
/r/btc/comments/hkh00e/20_reasons_why_every_btcenthusiast_needs_to/fwtjk8g/

You can earn small money by writing simple stories here: https://read.cash/@Joewest24/what-makes-read-cash-different-c89b4536 The author: > But then I came to read cash where there's no minimum withdrawal, no need for referrals, where everyday is withdrawal day and there's no spamming at all. I dropped all just to be here and I bet you guys, its totally worth it!

Commented by /u/ErdoganTalk in /r/btc on July 3, 2020 12:56:01
/r/btc/comments/hkax71/announcing_strike_public_beta/fwsncxo/

Let him post

Commented by /u/ErdoganTalk in /r/btc on July 3, 2020 07:25:41
/r/btc/comments/hixhrr/i_was_tipped_00244_in_btc_by_a_fellow_redditor_i/fwiv2qt/

It was BCH, and he received the coins ok. I was a bit short of info with the tip This is a perfect place to get more info btw.

Commented by /u/ErdoganTalk in /r/btc on June 30, 2020 18:20:52
/r/btc/comments/hinngd/everybody_has_a_scaling_plan_until_they_get/fwijlis/

Therefore, sound money for the world is impossible /s

Commented by /u/ErdoganTalk in /r/btc on June 30, 2020 16:47:56
/r/btc/comments/hih0hu/the_economics_of_a_high_volume_lowfee_bitcoin/fwggkkh/

vegarde: > What is the reason to use this over, say, paypal, if you can't realistically validate the soundness of it? If you have to resort to comparing BCH to paypal, I think we have already won!

Commented by /u/ErdoganTalk in /r/btc on June 30, 2020 04:33:12
/r/btc/comments/hi6xv3/this_is_so_good_someone_from_europe_sent_me_money/fwevlwx/

Nice, which wallet and what device are you using?

Commented by /u/ErdoganTalk in /r/btc on June 29, 2020 18:03:30
/r/btc/comments/hhrg6p/how_about_a_bitcoin_wallet_that_offers_to_pay_all/fwcl9i5/

Who do they offer to pay all my bch to?

Commented by /u/ErdoganTalk in /r/btc on June 29, 2020 04:29:57
/r/btc/comments/hhhhnw/a_healthy_amount_of_speculation_is_important_for/fwb6ngo/

You can do the things I suggested above, most people can, if you can help develop, or build a product, it is even better. Ahh... > marketing yes, that too, if you like marketing. Complaining helps only a little (!)

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 18:37:57
/r/btc/comments/hhhhnw/a_healthy_amount_of_speculation_is_important_for/fwagtgw/

> A low price for Bitcoin Cash will only make this happen much sooner rather than later. The optimal is of course a slow appreciation, underscoring the usefulness for saving, but we both know this is impossible with a free market. But a slowly decreasing value is detrimental to the spread. So the speculation also supports the adoption.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 14:50:08
/r/btc/comments/hhhhnw/a_healthy_amount_of_speculation_is_important_for/fwagfx6/

You are correct, the value is important. But it depends on the market, you can not just turn a handle and get a higher price. The price depends solely on the aggregated demand to have a balance, which means many users. New users will be small holders in the beginning, but some wants to have more when they learn more by experience. What everyone can do, is (1) tell everybody, especially those who can have an immediate advantage, and (2) speculate in the form of owning coins and even buy futures if you want to take a higher risk. Speculation is rational for those who believe the system can be useful for many, and therefore expand.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 14:46:49
/r/btc/comments/hhj5vo/why_is_nobody_talking_about_coinstream/fwafdnk/

I think you mean Streamblock

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 14:37:31
/r/btc/comments/hhj6mo/5th_2020_bitcoin_cash_protocol_development_meeting/fwac9mn/

This has been published here before, but from a troll, with a bad title. My take: A very interesting meeting, and everybody present being reasonable. Worth a view, if you are interested in what is going on with develpment. Also the process for discussion was up quite a bit.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 14:10:29
/r/btc/comments/hhaa7i/how_are_big_blocks_working_out_for_you_guys/fwa2lbk/

Yes, but see (above) https://www.reddit.com/r/btc/comments/hhaa7i/how_are_big_blocks_working_out_for_you_guys/fw9743m/

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 12:46:48
/r/btc/comments/hhaa7i/how_are_big_blocks_working_out_for_you_guys/fw97zvh/

Ok, your contribution took the sting out of my first comment, so in total, we should be ok.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 06:58:41
/r/btc/comments/hhaa7i/how_are_big_blocks_working_out_for_you_guys/fw97isc/

Trolls arguing that the coin value not only has gone down, but will continue to go down, it is psychic warfare. In fact BCH is successful by the one change we did, eliminating the nonsensical capacity constraint, the enemy found a weak point and successfully destroyed what is now known as BTC. Using charting to prove that we are unsuccessful, is nonsensical, charting is a no knowledge follower strategy, and it is not predictive.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 06:50:25
/r/btc/comments/hhaa7i/how_are_big_blocks_working_out_for_you_guys/fw91upg/

Well the BTC dominance in marketcap is down for the month, so your campaign og propaganda and desinformation, of wich your post is a small part, has not been completely successful.

Commented by /u/ErdoganTalk in /r/btc on June 28, 2020 05:12:02
/r/btc/comments/hgy1bz/noob_question_what_would_be_the_problems_by/fw7pxas/

Bitcoin Cash goes for both, with good reason, because the two functions depend on each other.

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 19:17:11
/r/btc/comments/hgy1bz/noob_question_what_would_be_the_problems_by/fw7pqoq/

Nobody knows his name

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 19:15:30
/r/btc/comments/hgy1bz/noob_question_what_would_be_the_problems_by/fw7pkdb/

ManyArtichoke: > Why does BCH have an 8 mb blocksize limit? We don't

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 19:13:50
/r/btc/comments/hh2ahr/greyscale_vs_btc_whales/fw7oagc/

circlegetsthesquare5: > So I guess you haven't bought with greyscale but believe they are not transparent to their "share holders". Hmmm. Interesting. I don't understand how this comment relates to mine.

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 19:01:37
/r/btc/comments/hh1zbv/popular_analyst_reveals_new_bitcoin_pricing_model/fw7lngv/

Same. It is a no-knowledge follower strategy, desperately trying to find out where the flock is going before the flock itself knows.

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 18:36:25
/r/btc/comments/hh2ahr/greyscale_vs_btc_whales/fw7laq8/

AFAIK they trade with a premium, and take new customers, so they buy more coins. They will earn more fees. What they will do when it trades with a discount. They may be reluctant to sell and let the share price fall instead. So going into it is risky. By the way, this is the antithesis of sound money, you are supposed to keep them yourself. But I can understand the hassle free aquisition of a fund accessible with a keystroke on your already existing broker account,

Commented by /u/ErdoganTalk in /r/btc on June 27, 2020 18:33:02
/r/southafrica/comments/hfsa7k/can_someone_please_explain_like_im_5_how_pensions/fw3rovm/

You pay to the pension fund for 40 years, then the money disappears

Commented by /u/ErdoganTalk in /r/southafrica on June 26, 2020 17:23:11
/r/btc/comments/hg5twb/and_ofcourse_thank_you_to_everyone_working_on/fw36eeg/

Spend and spend, until all value disappears, like the libanese pound.

Commented by /u/ErdoganTalk in /r/btc on June 26, 2020 14:25:50
/r/btc/comments/hgaa7e/with_bitcoin_cash_privacy_is_strong_but_optional/fw33kqj/

You can always make a rule for yourself, and punish yourself if you break it

Commented by /u/ErdoganTalk in /r/btc on June 26, 2020 14:03:21
/r/btc/comments/hg5twb/and_ofcourse_thank_you_to_everyone_working_on/fw26jpt/

> I would remove Erik though and replace it with me. My humble opinion. But you took away the holding goal

Commented by /u/ErdoganTalk in /r/btc on June 26, 2020 09:27:42
/r/btc/comments/hg33r4/why_a_premature_feemarket_is_unsustainable_for_btc/fw1r0ld/

BCH has the same mechanism and the same fee market, the difference is only plenty transactional capacity, you know, same as oil, if you need more you just go and get more.

Commented by /u/ErdoganTalk in /r/btc on June 26, 2020 06:06:24
/r/btc/comments/hg40ct/til_you_can_donate_to_audactiy_with_bch/fw1qbgq/

Copying the BCH address puts something not very useful on the clipboard

Commented by /u/ErdoganTalk in /r/btc on June 26, 2020 05:54:46
/r/lebanon/comments/hfrccq/we_have_reached_another_level_of_trash/fvzyi8p/

Max prices mean shortages. The max prices does not have the effect of helping people, but it points the blame to vendors as the wrongdoers, in stead of to the real culprits

Commented by /u/ErdoganTalk in /r/lebanon on June 25, 2020 17:43:46
/r/btc/comments/hfpput/reminder_there_is_nothing_official_in_bitcoin_cash/fvzmt50/

Why did you get the idea of reminding?

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 16:10:12
/r/btc/comments/hfqcry/the_biggest_secret_nobody_tells_you_before_you/fvzmnkl/

Nothing wrong with hodling bitcoin cash wtf

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 16:08:57
/r/btc/comments/hfs15x/whats_the_difference_between_coinjoin_and_cash/fvzk7vy/

True, each CashShuffle user pays a part of the fee for the large transaction, and it is peanuts. The same with CoinJoin in the form of CashShuffle for Bitcoin Cash. In Bitcoin BTC, you can imagine that you want to think twice if you want to use it on a regular basis.

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 15:49:53
/r/btc/comments/hfs15x/whats_the_difference_between_coinjoin_and_cash/fvzimj6/

Coinjoin is an existing protocol, used in quite a few different implementations, I remember using Joinmarket back in the day, and CoinShuffle is an implementation found implemented in Electron Cash, standard version, so it is available for all users. It connects 5 users, every user supplies one input, and the outputs are the same amount, using the lowest value input, one same size output to each user. The 4 users not supplying the lowest input will each get a change output for the difference. Those are not considered anonymized, but can go through a new shuffle process. The process goes on unattended, which I think is a new idea from the Electron Cash team. A drawback is that it creates a wallet, after some shuffles, with many smaller outputs.

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 15:37:11
/r/btc/comments/hfs15x/whats_the_difference_between_coinjoin_and_cash/fvzht2s/

Cashfusion is a new protocol for the purpose of anonymizing coins, it takes many inputs from different persons and produce many outputs but of different size, so it is not possible to trace an output to an input. It can be used to consolidate many coins into few, and to divide few coins into many. No custodian is needed, only a server to connect interested fusers, that server does not get to know anything of consequence. It has been developed in the Electron Cash developer environment, not totally in production status yet, but there exist a special build of Electron Cash for the PC which has it built in, and it can be used by any one interested.

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 15:30:32
/r/btc/comments/hfgc62/btc_has_lost_utility_to_the_point_where_people/fvxw0g3/

A heavy carpet of propaganda and desinformation.

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 06:19:31
/r/btc/comments/hfgqha/im_introducing_bch_to_my_friend_but_hes_concerned/fvxvvxi/

The expectation is positive in my opinion (the chance for a rise is better than the chance for a loss), and the risk, you make that smaller with just having a small amount of your savings in Bitcoin or Bitcoin Cash

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 06:17:23
/r/btc/comments/hfgu75/bitcoin_is_not_a_currency_prof_steve_hanke_warns/fvxs8k6/

"Loss of value since peak" - good one. I think we can compete fairly well.

Commented by /u/ErdoganTalk in /r/btc on June 25, 2020 05:14:32
/r/btc/comments/hdys28/almost_half_of_the_worlds_population_live_on_less/fvqjiqy/

> But BCH only has about 100 transactions in each block. That's why we have the blocksubsidy which goes to mining with nobody taking a cut.

Commented by /u/ErdoganTalk in /r/btc on June 23, 2020 08:28:26
/r/btc/comments/hdr1hi/its_time_to_put_the_pitchforks_within_the/fvp2e2x/

> There is no such thing as separation between politics and money. Not yet

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 20:57:08
/r/btc/comments/he230z/serious_question_if_bch_is_used_as_digital_money/fvp2861/

Every user needs to have a cash balance.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 20:55:34
/r/btc/comments/he4j4y/how_do_slp_transactions_work_without_using/fvp24a0/

We don't use gas here, nor liquid, only solid.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 20:54:31
/r/btc/comments/hdzvq3/bitcoin_cash_node_summary_bitcoin_unlimited_no_1/fvoepih/

We now have a node project called Bitcoin Cash Node. You need to find another wording to account for this fact. Summary of node implementation usage in Bitcoin Cash You should know this.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 17:20:16
/r/btc/comments/hdeb6y/answering_questions_about_the_ifp/fvodggf/

IFP was touted as a gratis funding alternative, much like how the Fed now prints dollars to support the polititians pet projects. They also sold it as a payment not only from the Bitcoin Cash miners, but also a payment from the other sha256 miners, from the BTC system and from the BSV system. These fallacious propositions are still sometimes put forward. The real effect of the IFP, is less mining for BCH only. It takes money from what should have gone to paying mining, in the beginning of the distribution of the initial coins, and directs it to some special individuals. It breaks the fairness principle: If you want some coins, either buy them on the market or mine them for approximately the same price. The prioritized individuals will get the value from the system itself, taking value from other users. A side effect is the economic power these individuals then aquire, they can steer the system, no doubt will they tend to ossify the situation of value transfer to themselves. Bitcoin Cash is 11 1/2 years now, and never before it was hastily implemented without discussion, it has ever been a talking point. The hard money aspect has always been the top priority, and untouchable.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 17:09:34
/r/btc/comments/hdeo4f/the_best_way_to_earn_bitcoin_without_any_initial/fvoc7zo/

Alternative: Let the public *read* your thoughts on read cash, see https://read.cash/@Joewest24/what-makes-read-cash-different-c89b4536

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 16:59:04
/r/btc/comments/hdey8y/no_the_us_dollar_is_not_about_to_crash/fvobrnm/

Because when you start a sentence with Yes, comma or No, comma, you proved that your voice really comes from an oracle, or a divine, cosmic force.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 16:55:15
/r/btc/comments/hdstzs/xbc_is_a_great_name_for_minority_bch_fork/fvo9hyq/

A ticker symbol change does not split a coin.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 16:36:12
/r/btc/comments/hdsxix/reminder_the_ifp_started_as_an_idea_exchanged/fvo9ar1/

> It's true. the IFP is as old as Bitcoin Cash. Far from it. Bitcoin Cash is 11 1/2 years now, and never before it was hastily implemented without discussion, it has ever been a talking point. The hard money aspect has always been the top priority, and untouchable.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 16:34:28
/r/btc/comments/hdys28/almost_half_of_the_worlds_population_live_on_less/fvo8tm8/

Yes, easily. I say this from a market point of view.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 16:30:26
/r/btc/comments/hdjzrd/vin_armani_is_100_correct/fvmhjax/

I thought so

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 06:21:20
/r/btc/comments/hdjzrd/vin_armani_is_100_correct/fvmgq6d/

What is this? The danger of a split is far less now, after 15th of may passed.

Commented by /u/ErdoganTalk in /r/btc on June 22, 2020 06:07:50
/r/btc/comments/hd3bza/why_dont_we_do_another_stress_test_on_bitcoin/fvitcdj/

Well it should be higher next time, we were up to 22 MB IIRC

Commented by /u/ErdoganTalk in /r/btc on June 21, 2020 04:41:10
/r/btc/comments/hcj81h/im_lost/fvfo3j2/

Write on https://read.cash/@Joewest24/what-makes-read-cash-different-0cf5748e

Commented by /u/ErdoganTalk in /r/btc on June 20, 2020 08:32:05
/r/Philippines/comments/hbyblc/7_signs_youre_in_a_cult/fve89g5/

What do you need to do if you suspect you are in a cult? Read the forbidden material.

Commented by /u/ErdoganTalk in /r/Philippines on June 19, 2020 20:45:38
/r/Egypt/comments/hbzegc/what_is_that_can_some_explain/fvdyqdi/

There is a fee, and the rate is not very good, but you could top up any phone with https://alfa.top/

Commented by /u/ErdoganTalk in /r/Egypt on June 19, 2020 19:11:39
/r/Egypt/comments/hbzegc/what_is_that_can_some_explain/fvdxezh/

Hehe. To take it home: Get this app: "Bitcoin Wallet from Bitcoin.com" (Icon is a black B where the upper half is covered in green). Send the first cashaddress in a private message here on reddit, to user chaintip. Make sure it is from the "My BCH Wallet", the green one. The address should look like this: bitcoincash:qr8ascq8e7g2ufktfpsf8zur06xhhzzcxy9xpg924 (the address begins with "q", and the "bitcoincash:" prefix is optional). The bot will relay the coin to your address. To exchange: https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb I probably get banned for this. That's why I do it stealth

Commented by /u/ErdoganTalk in /r/Egypt on June 19, 2020 18:59:06
/r/btc/comments/hbxb1g/emin_gün_sirer_i_like_intellectually_pure/fvde9we/

> Having 100x more money will get you more than 100x the reward Up to the right size. When bigger, you are bogged down by bureaucracy

Commented by /u/ErdoganTalk in /r/btc on June 19, 2020 16:06:48
/r/btc/comments/hb9mz1/irs_tells_couple_with_7_million_in_bitcoin_to/fvar145/

> I'm sure you receive no benefit from your taxes? So what? Doesn't change the moral.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:36:13
/r/btc/comments/hbcd0t/bitcoin_vs_bitcoin_cash_whats_the_difference/fvaqshe/

Troll, but you are right and this is essential! Had to upvote this time, may the lord forgive me.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:33:50
/r/btc/comments/hbb70k/dont_repeat_the_past_united_bicoin_cash_is/fvaqcqv/

But you are the enemy

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:29:23
/r/btc/comments/hbmjgu/asia_chooses_bch_over_btc_another_article_showing/fvaq2ra/

Fro cointelegraph no less. They feel the pressure.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:26:31
/r/btc/comments/hblgq6/why_is_bitcoin_cash_such_a_hated_coin/fvaom8n/

Nice. I like others' ass a lot.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:11:36
/r/btc/comments/hblgq6/why_is_bitcoin_cash_such_a_hated_coin/fvanr02/

The markets perception, and you know it. It does not change the reality, that bitcoin cash is the coin that can be sound money for the world, an electronic cash system, the essence of the invention.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 22:02:43
/r/btc/comments/hblgq6/why_is_bitcoin_cash_such_a_hated_coin/fvamezs/

Not bad, but look into the transactional capacity, the usefulness of lightning, the problems with the custodial scaling solutions. Then, look closely on what is lost by on chain scaling, taking into account the fierce propaganda. How much of the distributed nature of the coin have we lost, going for unlimited capacity? The fog of propaganda and desinformation is strong, look into it. As the situation was in 2017, there was not really an alternative to splitting, segwit was imminent. We have had plenty disagreements, but the situation for bitcoin cash looks pretty good for now. I expect many new users, their demand to own a balance of coins means appreciation in value. It is fine to hold both, just in case, I do too, but really the prospect for bch is far better.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 21:49:06
/r/btc/comments/hblgq6/why_is_bitcoin_cash_such_a_hated_coin/fvaiust/

You don't have to force it. The miners will earn, when all is settled and done with, the same profit as any other business, the general social profit, even when taking the high fees in btc in account. It means that security of the chain might be too low, nobody knows. My hope is that the miners will come up with a diversified fee structure, something the passenger air providers have done for many years. For the time being, it is not necessary, because we have the block subsidy, and we will have it for many years. The block subsidy has been rising, broadly speaking, all the time, because the halvings are every 4 years, but the doublings in price have been every 6 months.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 21:12:51
/r/btc/comments/hb3oy4/sound_money_in_the_hands_of_many/fv85lan/

You use the same argument, and you are still wrong. > consistent downwards price trends This also has absolutely no meaning, nil, without some dates and numbers. If you don't like BCH, and want to advice it is a bad money to have, that is fair enough, and that is really all you have.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 08:30:18
/r/btc/comments/hazc56/whether_you_like_it_or_not_bitcoin_is_currently/fv7z1z3/

Look into the difference between sound money and unsound national currencies.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 07:03:10
/r/btc/comments/hb80c0/should_bch_go_proof_of_stake/fv7y9dx/

From our enemies' point of view: Absolutely!

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 06:51:13
/r/btc/comments/hb3oy4/sound_money_in_the_hands_of_many/fv7rk2x/

Only trolls and downvotes on this. Does it mean it is important? I can hope lol.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 04:59:05
/r/btc/comments/hb3oy4/sound_money_in_the_hands_of_many/fv7rdy7/

> Yeah, it can be sound money after we see a few years where it doesnt depreciate 90%. The absoulute absurd notion that sound money has to be stable. This is not possible for any real good nor money, and was not for gold, and was not for Bitcoin BTC. There is not in theory any way to measure it, and even less in practice.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 04:56:10
/r/btc/comments/hb3oy4/sound_money_in_the_hands_of_many/fv7r2uj/

> I noticed you didn't include the "store of value" property in this description. Ironically, "sound money" REQUIRES the "store of value" property. If a money cannot store value for extended periods of time, it is not sound money. I did me > sound money which is good for saving it is the most important function of money, the store of value function comes into play always, even when you turn around and spend the next minute, it is just a question of how long time. > This narrative that BCH is "sound money" without being a long-term store of value is asinine, yet you continue to perpetuate it. I don't know why you pound this, because it's not what I say.

Commented by /u/ErdoganTalk in /r/btc on June 18, 2020 04:51:01
/r/btc/comments/hawgm3/how_much_longer_can_bitcoin_live_on_its_current/fv6l678/

There is not really a network effect any more for BTC, because the number of users, all of which need to make a transaction now and then, is exhausted. What can happen, is existing users getting larger, or existing users replaced with larger users. So the value still has an upside.

Commented by /u/ErdoganTalk in /r/btc on June 17, 2020 20:29:11
/r/btc/comments/h9wpbd/is_it_becoming_obvious_that_some_state_actor_is/fv1sl48/

the butimpossible troll

Commented by /u/ErdoganTalk in /r/btc on June 16, 2020 16:09:45
/r/btc/comments/h9w4r7/noob_question_about_incorrectly_splitting_bsv_are/fuzorr8/

The confirmation doesn't really matter in this question.

Commented by /u/ErdoganTalk in /r/btc on June 16, 2020 03:51:00
/r/btc/comments/h9w4r7/noob_question_about_incorrectly_splitting_bsv_are/fuzo7xa/

First, the cashaddress is only a display format, base58 is another, for the same address. So the receiving address of your transaction is the same in both chains (it is the same transaction). Look at it in blockchair.com, you can search for the same address in both formats. There is no replay protection, a transaction can be valid on both chains, and if it is, it will be replayed because some of the nodes in different chains are connected. If you own the receiving address too, there is no problem, it is still your coins. There are a number of things that can make a transaction not replayable, one of them is using the Schnorr signature scheme on BCH, the resulting transaction can not be replayed. The coins are effectively split. Another is the locktime, but that is a bit stressing, because if you are in the chain with the highest block number, the other chain will eventually catch up. A third is to include an already split coin as input in the transaction. > Question: If I now use a BSV wallet to move the BSV from that same legacy address to a newly created BSV address (whatever that looks like!), will that put my BCH at risk in any way at all? If you manage to move the same coin to a different adress, you are certain that the coins are split.

Commented by /u/ErdoganTalk in /r/btc on June 16, 2020 03:42:04
/r/btc/comments/h95tfy/youtube_is_becoming_a_tool_for_social_media/fuw23nf/

> Why? So I could then be accused of being a fresh troll account? I want to AT LEAST be a veteran troll account good point

Commented by /u/ErdoganTalk in /r/btc on June 15, 2020 06:54:32
/r/btc/comments/h98gi1/convert_bitcoin_cash_into_bitcoin/fuvbkbx/

Is there a way to convert the crippled bitcoin to the real bitcoin cash!? Yes!!! for example coinswitch.io, both ways

Commented by /u/ErdoganTalk in /r/btc on June 15, 2020 00:20:11
/r/btc/comments/h966ra/how_can_i_tip_to_individual_commenters_on/fuv6ilm/

It doesn't have to be very secure. Just a text link instead of the picture.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 23:22:10
/r/btc/comments/h95tfy/youtube_is_becoming_a_tool_for_social_media/fuuz99r/

Why not destroy your nick and start over? You have infinite negative karma.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 22:05:16
/r/btc/comments/h95tfy/youtube_is_becoming_a_tool_for_social_media/fuuz00v/

Its own. Coin called LBC. I got some at bittrex. Can be bought on Coinex too.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 22:02:41
/r/btc/comments/h966ra/how_can_i_tip_to_individual_commenters_on/fuuyedv/

Hehe, it is interesting, ultra conservatives plus racists plus jew haters, and some good jokes. Like the one about transport of live pigs with planes: Swine flew! I like it.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 21:56:43
/r/btc/comments/h966ra/how_can_i_tip_to_individual_commenters_on/fuuxql5/

Fair enough, but I don't have the e-mail I have only the possibility of something like a direct message on reddit. A text link to the gift would be fine, but that is not currently a choice on gifts.bitcoin.com

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 21:50:12
/r/btc/comments/h8zw2x/after_being_censored_from_youtube_the_bitcoincom/fuuw7xg/

Eventually got som LBC from bittrex. Fund the videos you like.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 21:34:41
/r/btc/comments/h95tfy/youtube_is_becoming_a_tool_for_social_media/fuuw04v/

Haha, meritocracy. What have you done, except destroying every attempt to spread bitcoin far and wide.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 21:32:32
/r/btc/comments/h82sd2/did_youtube_close_bitcoincom_channel/fuutqvo/

Got some on bittrex, bch -> usdt -> lbc. Easy.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 21:09:57
/r/btc/comments/h92xjp/asking_for_help_from_the_crypto_community_not/fuun25i/

Write something on read.cash

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 20:05:04
/r/southafrica/comments/h89ywg/africa_free_trade_zone_could_launch_on_jan_1_says/fuuks93/

Why wait? Just cut the taxes unilaterally. Goes for every country.

Commented by /u/ErdoganTalk in /r/southafrica on June 14, 2020 19:43:16
/r/btc/comments/h8mjjz/protest_the_fed_with_bitcoin_cash/fuuakzi/

Criminals all over the world print fake dollar bills - decentralized!

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 18:08:39
/r/btc/comments/h8pc5j/lovely_how_rbtc_is_mostly_about_bch_and_how/fuu8zag/

... and people complaining about that fact, that is about 30% of the content.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 17:54:15
/r/btc/comments/h8r527/btc_maxis_are_destroying_entrepreneurship_culture/fuu8upc/

Look it is sound money and good for saving. The value proposition depends on its practicality. I don't see a problem.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 17:53:07
/r/btc/comments/h8rtod/adam_back_ceo_of_blockstream_maybe_we_should_get/fuu8nnx/

People love the mystery. Keep the stories flowing!

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 17:51:22
/r/btc/comments/h8us37/bitcoin_cash_survival_shows_it_has_staying_power/fuu7xmq/

Not really, we just get some higher mining profits for a while, until equilibrium is reconstructed.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 17:44:55
/r/btc/comments/h8627v/the_main_reason_why_i_support_bitcoin_cash_over/fusetc4/

Exactly the same. There was a split, and the main thing that was changed was the block size limit. It is now in principle unlimited. The capacity for transactions is unlimited. So everybody can use the money. The number of coins is limited according to the original plan.

Commented by /u/ErdoganTalk in /r/btc on June 14, 2020 06:23:28
/r/btc/comments/h8ijpv/ayn_rand_francisco_danconias_speech_on_money/fur7jey/

I love this piece. The book has several of these lengthy monologs, laying out Ayn Rands philosophy, best described with the words "Rational self interest"

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 20:39:16
/r/btc/comments/h85sn9/grayscale_explore_the_underlying_learn_more_about/fur7970/

For saving, just hold coins

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 20:36:16
/r/btc/comments/h8627v/the_main_reason_why_i_support_bitcoin_cash_over/fur6egb/

There is inflation after a plan, it is a part of the coin distribution, or the implementation of the money system in the world. The new coins go to the miners, so it serves also to secure the coin in the beginning, before it is not much used. The miners expend real resources to find new coins, nobody gets coins for free. This has been going on from the start, Jan 3 2009. It is the same for Bitcoin BTC and Bitcoin Cash BCH

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 20:27:26
/r/btc/comments/h89zbv/is_trezor_even_safe/fur2e7u/

Ok, calm down. The trezor is the most practical way to store your coins safely. The reason is it is quick to use, and the secret is never on an internet connected device. (The trezore connects to the computer with a serial interface, it does not have its own internet stack). To use it safely, you must take care to write down the backup words on paper, with a pencil, not on any computer and not take a picture of it. Then you must hide that paper in a safe place. If someone can physically get to the device, as in stealing it, they can extract the secret with tools. Therefore, the device itself must be locked down or hidden when you leave the house.

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 19:46:27
/r/btc/comments/h82sd2/did_youtube_close_bitcoincom_channel/fup04pz/

Best way to get some lbry coins? (LBC)

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 07:30:30
/r/btc/comments/h7rgib/why_are_people_still_using_bitcoin_and_paying/fuoqv35/

A few of those are real traders. It is always like that, many irrelevant offers.

Commented by /u/ErdoganTalk in /r/btc on June 13, 2020 04:47:21
/r/btc/comments/h7rgib/why_are_people_still_using_bitcoin_and_paying/funiw0x/

The Ghana market if fine https://local.bitcoin.com/offers/Ghana

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 19:48:06
/r/btc/comments/h7uj3j/gavin_andresen_i_think_there_is_a_reasonably_good/fungv0k/

He was character assasinated, it is understandable that he withdrew.

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 19:28:39
/r/btc/comments/h7huxz/the_indian_government_is_planning_to_ban/fun65by/

Agree. Or they just like to throw out some nonsense.

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 17:51:16
/r/btc/comments/h7gel6/goldman_sachs_describes_bitcoin_as_unsuitable/fulg223/

You know about the mining parliament, but for others: https://read.cash/@JavierGonzalez/executive-hashpower-8ccab907

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 09:29:54
/r/btc/comments/h7hsbn/bitcoin_double_standards/fulfizr/

use read.cash

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 09:24:31
/r/btc/comments/h7huxz/the_indian_government_is_planning_to_ban/fulfeze/

Different persons/institutions. They need a change of law, so even the government can not do it legally.

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 09:23:22
/r/btc/comments/h7jzz7/you_can_have_a_market_for_blockspace_without_full/fulencu/

Absolutely true, most markets do not have "full blocs" (are not limited by volume)

Commented by /u/ErdoganTalk in /r/btc on June 12, 2020 09:15:25
/r/btc/comments/h0s43a/mullvad_enables_bch_payments_again_0conf_too_just/fto76mf/

Why it will work. There is no reason to try a doublespend with this company. My guess, for most companies.

Commented by /u/ErdoganTalk in /r/btc on June 11, 2020 02:53:44
/r/btc/comments/h0jh01/mom_is_denying_me_to_buy_bitcoin_how_can_i_change/ftn44mb/

Believe me, just do it, and she will be happy. I know. Your job is to break the ties, hers is to hold you back. Eventually, you will be the stronger, because it's about you, not her.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 20:00:58
/r/btc/comments/h0cxe7/this_proposal_on_the_bitcoin_mining_parliament/ftmxp5x/

> *But they didn't. I think there was a lack of coordination (and lack of information).*

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 19:04:52
/r/btc/comments/h0era5/panic_in_china_miners_report_a_large_number_of/ftmd5du/

It is fake, the link (after According to information from) is nonsensical, probably collecting info. There is no checkable information in the News24 report.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 16:17:31
/r/btc/comments/h0dg7o/i_bought_my_first_drink_with_bch/ftmbbwe/

Look into the way to diagnose, the way they test, the way they report a positive test, and the accuracy of the test itself. You can also just look at Fauci when he speaks (for the not so rationally inclined, but it can be an accurate indication).

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 16:02:57
/r/btc/comments/h0gru8/my_futuristic_money_is_stuck/ftm9xj9/

Promoting local.bitcoin.com again, because I like it. You can withdraw any amount above the network fee/dust limit on BCH which is less than a penny, and the withdrawn amount shows up in your receiving wallet in a split second. (unconfirmed, obviously, but you can spend it anyway).

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 15:51:57
/r/btc/comments/h0dg7o/i_bought_my_first_drink_with_bch/ftm8olj/

I am totally in on that. In my country, the number of total deaths has not incresased from normal, and every death is accurately counted.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 15:42:08
/r/btc/comments/h0gru8/my_futuristic_money_is_stuck/ftm8ez7/

So fee is 49.21 impossible to withdraw 40.55 Could just as well be a scam site. Unnamed btw

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 15:40:02
/r/btc/comments/h0bvlr/i_will_be_using_bitcoin_cash_for_the_next_month/ftm7knq/

Ok maybe I have a bad day

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 15:33:21
/r/btc/comments/h0dg7o/i_bought_my_first_drink_with_bch/ftm3aez/

Trying to find out if he really was there

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 14:59:44
/r/btc/comments/h0ayxn/what_would_be_a_good_platform_to_start_a_local/ftm37xn/

> that guy who never seems to shut up about bitcoin Ok haha, not bad. Ignore my advice.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 14:59:10
/r/btc/comments/h0ehov/bitcoin_possibility_of_becoming_a_major_means_of/ftlvf0h/

to avoid the unnecessary hassle and costly conversion to fiat

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 13:58:40
/r/btc/comments/h0cxe7/this_proposal_on_the_bitcoin_mining_parliament/ftluwfu/

True, I think of it as a tool to enhance communication, removing some noise.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 13:54:44
/r/btc/comments/h0cxe7/this_proposal_on_the_bitcoin_mining_parliament/ftlur6m/

Ref https://read.cash/@JavierGonzalez/miners-empowerment-rules-55374dd5 Considering HASHCRACY > 5. Miners can delegate percentages of hashpower in any address. and PAY DEVS 3. Financed with _% of the Coinbase incentive of each block. I think we should be careful to expect too much of the financing from the miners. It is a fiercely competitive business. But they could make "signal donations" for others to follow.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 13:53:36
/r/btc/comments/h0bvlr/i_will_be_using_bitcoin_cash_for_the_next_month/ftlt2az/

You said usually, so you can get away with denying it. I reduce my -2 to -1

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 13:40:47
/r/btc/comments/h0bvlr/i_will_be_using_bitcoin_cash_for_the_next_month/ftlr3jk/

> Usually there isnt a way to buy crypto without expensive transactions on centralized exchanges. So it has to be expensive in your opinion, the only way.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 13:26:19
/r/btc/comments/h0ayxn/what_would_be_a_good_platform_to_start_a_local/ftlldpc/

> i have social anxiety That's tricky. Start small, take one friend to a place, and make it regular habit. Then expand. Or find the nearest existing group, even if not very near.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 12:42:20
/r/btc/comments/h0dhw6/btc_bch_who_is_the_true_will_of_satoshi_nakamoto/ftlk4b7/

Not totally accurate, but thumbs up anyway

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 12:30:40
/r/btc/comments/h0dg7o/i_bought_my_first_drink_with_bch/ftlj92v/

> Ditta Artigianale What kind of covid-19 precautions did they have?

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 12:20:54
/r/btc/comments/h0dg7o/i_bought_my_first_drink_with_bch/ftli4o8/

Where is the shop?

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 12:10:32
/r/btc/comments/h0drnk/amazon_gift_cards_to_btcbch/ftlhzyz/

You could look into https://local.bitcoin.com/goods/ Don't know if it is useful

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 12:09:18
/r/btc/comments/h0bvlr/i_will_be_using_bitcoin_cash_for_the_next_month/ftldasy/

hmm, what are you up to /u/500239

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 11:27:55
/r/btc/comments/h0bvlr/i_will_be_using_bitcoin_cash_for_the_next_month/ftld8rl/

This guy is probably a troll

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 11:27:21
/r/btc/comments/h0avzc/yenom_wallet_what_do_you_think/ftld6nc/

This guy is probably a troll

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 11:26:46
/r/btc/comments/h0cxe7/this_proposal_on_the_bitcoin_mining_parliament/ftlcr0n/

People have suggested social media platforms where you have to pay to post, to conquer spam. Mining power should have an even stronger effect!

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 11:21:31
/r/btc/comments/gzmzvh/ask_a_big_blocker_ask_anything_and_we_try_our/ftks9hm/

Have you written about it, for example on read.cash or in a separate post here?

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 07:58:54
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftkromb/

> We're all fucked, and most people around you will celebrate that because they do not understand the monetary system at all, nor do they care to. History has proven over and over and over that incredibly dark times are ahead. I'm ready. Good, I am with you on this! I am ready too!

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 07:51:30
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftkqli2/

Only you can answer that

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 07:37:10
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftkqifo/

All right, if you have no opinion at all, only that nonsensical question only you can answer, I don't know why I am reading your comments.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 07:35:59
/r/btc/comments/gzmzvh/ask_a_big_blocker_ask_anything_and_we_try_our/ftkqcmw/

I visited that page a few days ago. It is interesting, it can improve the communication between miners.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 07:33:42
/r/btc/comments/gzwu9d/it_sounds_like_bitcoin_core_maxi_ragnar/ftjzmb6/

There is a difference between used capacity and max capacity as we have in Bitcoin Cash BCH. Maybe you don't know, because with your coin BTC, it is the same.

Commented by /u/ErdoganTalk in /r/btc on June 10, 2020 00:52:59
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftjuaqn/

The link is indirect by the way. Had to investigate, it is a Bloomberg opinion piece by Stephen Roach, it is not the editorial of Bloomberg nor Yahoo Finance. https://www.bloomberg.com/opinion/articles/2020-06-08/a-crash-in-the-dollar-is-coming?srnd=opinion Please step up your linking perfomance! I don't agree with all of the points, but the article is not bad either. My take: * The dollar originally got its trust from the american economic success, and the classical gold standard at the end of the second world war * The US made some deals, and some threats, to make the dollar the preferred coin for international trade Since then: * Loss of the classical gold standard, and money printing * Creation of new money units, the US effectively exporting money and getting real value in return. * The good times have spoiled americans for two generations, taking away the unique entrepreneurial spirit of the country, and opening up for the welfare state and entitlements. The country is basically socialistic now. * The fed was able stop the avalanche of stagflation, to a degree, in the 80's, but something like it would be more harmful, and less politically acceptable, or impossible, these days. On the contrary, they have said they will print and print, no mention of returning to normal. * The money printing will continue until the music stops. It is on the slippery slope, experience from other, now historic, money systems, is that the slope steepens. * Money printing made the world debt too large, it has started to shrink by market forces, therefore desperate printing. Money printing to counter deflation originally created by money printing. * Some think that a possible consumer price inflation can be stopped with taking away the demand side by taxation ("New" Monetary Theory). I think that is laughable, imagine the public's willingness to reduce their consumption to save capitalism, it is non existing. Some of these thoughts I have inherited from Peter Schiff. He is a good speaker, but he does not understand bitcoin.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 23:51:58
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftjqk33/

Your opinion as I understand it, the demise of the dollar has been declared many times, and it has not happened, therefore the dollar will continue to be the best fiat money forever. Maybe you can elaborate.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 23:12:38
/r/btc/comments/gzmzvh/ask_a_big_blocker_ask_anything_and_we_try_our/ftjbq3y/

1. The miners, acting rationally self interested, sensing the wider market. Some just follow the main implementation to reduce risk. 2. Proof of work, the longest (most work chain), currently possibly (configurable) modified with a system of rolling checkpoints, which either strengthens unity or splits the coin, we don't know, because it has never got into action. 3. Ultimately, the market, people choosing their preferred money type. 4. Looking for a form of elected council? We don't have, but we have some very respected persons. Don't think they have any real revoking power, nor do I think we have any strongman decision maker. Adding for myself: The process is not cold, automatic, like nature, it depends on people, and it is prone to dirty tricks. So the outcome of the whole thing is still somewhat uncertain. Hopefully with a stronger position in the market overall, the self regulating power of the market via pow can be stronger.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 20:47:42
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftj6fn9/

> (BadBadgerChef) U/cryptochecker

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 19:57:23
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftj680b/

I understand it is a highly discussed theme, it's all over the place. I just told you my opinion, the backing of your opinion wasn't great either.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 19:55:23
/r/btc/comments/gztw1x/a_crash_in_the_dollar_is_coming/ftj47y7/

> I mean, like for real this time? Yes

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 19:36:56
/r/btc/comments/gzr8qp/according_to_bitmex_analysts_combining_eth1_and/ftijn5t/

Hmm two coins, one in the current version, one in the new version, one way peg, later to be merged, Interesting, and good luck.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 16:41:33
/r/btc/comments/gzuatu/fees_with_coinbase/fticq6a/

I would not speculate on daily or weekly changes if I were you, especially if you go the full roundabout from deposit to withdraw.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 15:46:47
/r/iran/comments/gy5uw3/advice_for_helping_oppressed_iranian/fthc24a/

thundering silence

Commented by /u/ErdoganTalk in /r/iran on June 9, 2020 10:53:47
/r/btc/comments/gzfz2a/bitcoin_cash_is_now_green_on_coinmarketcapcom/fth1jv8/

> Great, now just remove the word "Bitcoin" from the name and it won't be confusing to newcomers anymore. That would be *really* confusing

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 09:17:12
/r/btc/comments/gzfz2a/bitcoin_cash_is_now_green_on_coinmarketcapcom/fth1gwo/

not on the front page yet

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 09:16:23
/r/btc/comments/gzg1us/androidios_wallet_recommendation_to_hold_bch/ftgzwz4/

It works, it is a multicoin wallet which is an advantage. If you are into free software, we have Electron Cash for the phone. It works, and it is quick, a bit more advanced than Bitcoin.com, but less user friendly. If you want safety first, go for a hardware wallet, but keep it hidden. The main advantage is that you never expose the secret to an internet connected device.

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 09:00:17
/r/btc/comments/gzg1us/androidios_wallet_recommendation_to_hold_bch/ftgzpnh/

> Given that mobile phones are easily compromised In my opinion mobile wallets are slightly safer than PC wallets

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 08:58:04
/r/btc/comments/gzliar/from_now_on_you_can_buy_cocacola_through_bitcoin/ftgzfih/

They should really support BTC by not offering to trade for it

Commented by /u/ErdoganTalk in /r/btc on June 9, 2020 08:55:02
/r/btc/comments/gz4thy/help_lost_bitcoin_sv_when_sending_bitcoin_cash/ftfd3v1/

> Later that day I noticed that the exact same number of my bitcoin SV also got sent out to a different address. Hmm, something is not right here. If coins are not split (spendable on both chains), the one transaction is accepted by both the BSV miners and the BCH miners, so all the addresses are the same.

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 20:28:10
/r/btc/comments/gyvia9/the_real_looters/ftf738n/

Important stuff

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 19:31:54
/r/btc/comments/gykc05/ethereum_moons/ftf0oaz/

With this bot, only BCH. Each tip is it's own transaction. Unpractical with BTC anyway, they use either custodial tipping or lightning /u/chaintip

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 18:33:58
/r/btc/comments/gyvia9/the_real_looters/ftdx5ba/

Yeah, but the bankers are pulling the strings

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 13:07:04
/r/btc/comments/gyvia9/the_real_looters/ftdx21q/

True, I thought that that was obvious. The looters can't do what they do, and they have to be held responsible.

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 13:06:19
/r/btc/comments/gyvia9/the_real_looters/ftd2odd/

> The real looters are the banksters that own the politicians. My preferred way of saying it

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 08:22:48
/r/btc/comments/gyvia9/the_real_looters/ftd15c7/

ok, everybody see and regard politicians as something important, but the bankers not so much

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 08:02:38
/r/btc/comments/gyvia9/the_real_looters/ftd12af/

They are in on it!

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 08:01:32
/r/btc/comments/gykc05/ethereum_moons/ftcozbk/

:)

Commented by /u/ErdoganTalk in /r/btc on June 8, 2020 04:45:55
/r/btc/comments/gyhjrq/cointext_on_bch_emailsms_integration_itd_be_a/ftbn052/

My problems with the regular cointext: It can be difficult to find the right currency unit, they don't use the three letter iso code Since BCH is world money, it should be easy to send to another country, if they have a server in each of those countries, but it is not easy to find out how. This would be an advantage over the much used mobile money (It probably works in all countries if you have a plan to send SMS internationally too, but difficult to test obviously) Both of these problems could probably be solved with better documentation on https://cointext.io/en/howto/

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 20:55:40
/r/btc/comments/gyhjrq/cointext_on_bch_emailsms_integration_itd_be_a/ftbln03/

(Speaking of the regular cointext) > it just seems that SMS is becoming an antiquated platform. True, but I have seen a couple of mobile money systems (account with the phone service operator, not a bank) built on something called the SIM Toolkit. It feels very antiquated, with text based numbered menus, but it is much used by the public and the switch to cointext does not feel like a step backwards. > very custodial You can get the secret key for the single address used (with an SMS message again, and that too has security implications), so not fully custodial.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 20:42:17
/r/btc/comments/gynzue/anyone_want_to_comment_on_this/ftbkwab/

Just follow both forums for a while, then you will understand everything

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 20:35:09
/r/btc/comments/gyn0y7/why_hasnt_the_bitcoin_community_formalized_the/ftbgy4k/

One rather innocent reason is that it is easier said than done.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 19:56:34
/r/btc/comments/gykc05/ethereum_moons/ftbf6e8/

Don't know how experienced you are, and this might add to the confusion, but anyway, here is real amount of a real coin, Bitcoin Cash BCH (with a potential for mooning haha): If you are interested, get a wallet app for the smartphone, I suggest "Bitcoin Wallet from Bitcoin.com" (Icon is a black B where the upper half is covered in green). Send the first cashaddress in a private message here on reddit, to user chaintip. Make sure it is from the "My BCH Wallet", the green one. The address should look like this: bitcoincash:qr8ascq8e7g2ufktfpsf8zur06xhhzzcxy9xpg924 (the address begins with "q", and the "bitcoincash:" prefix is optional). The bot will relay the coin to your address. /u/chaintip

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 19:39:25
/r/btc/comments/gykc05/ethereum_moons/ftbeil4/

You don't get ETH, you get the moon tokens, which could be regarded as a different cryptocoin, maybe with some promises attached. Not specially interested myself, you have to dig.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 19:33:02
/r/btc/comments/gykkb9/bitcoins_average_transaction_fees_fall_by_83_from/ftbe4v6/

Good, because the capacity is mostly back, and bad, it means the demand pressure for users to transact, is held back, possibly a result of the high fees.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 19:29:21
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/ftb6yjh/

I have changed my mind slightly on this. I still don't think it is a very big problem for usage, and I still think it is difficult to achieve especially with abrubt price changes and the BTC high fee episodes, but now I think that if any improvement can be achieved, it will relieve the pain for the friendly miners. The friendly miners will lose less than they currently do

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 18:21:38
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftatnqp/

> Are you saying a transaction that was broadcast 60s ago with a double spend in the mempool It can't be in a single mempool, but it can be in different mempools, and there are various ways to find out, to partly mitigate it, maybe fully.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 16:21:07
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftann5h/

I don't know your problem, seems you are out to create chaos

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 15:26:42
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftanigq/

They send their agents over here to create spite and chaos, and hope we change it, in which case we will get a broadside from them. Maybe you are one, not sure.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 15:25:30
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftanak5/

> The use case i'm talking about is where you need finality to large amounts, like exchanges. I know, but we can't have that, without destroying other things. It has not been invented. You either have to accept to wait, or let the exchanges compete in taking a slight risk, somewhat like insurance, and calculate it into their cost.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 15:23:28
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftai89a/

Choose you exchange after the confirmations they need. They don't need hundreds of confirmations for small deposits, they can fend off cheaters by other means. Let them find out, with competition.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:36:51
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftah5y2/

We need discussion for every proposed change. Don't know why you bitch about the bitching. I don't know why you bring this up. It is not on the table, has not been. We are steel focused on keeping all the advantages of bitcoin, which is sound money, unstoppable, quick and low cost payments with cash, and achieving the capacity for world adoption.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:27:12
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftagpl3/

Yeah, everybody, go over to the BTC camp, however painful, and see what they think about it.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:23:09
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftagbsu/

See my other comments in this thread. I just wanted to nail it, there will be no fucking with the blocktime. It could be different, but we would not achieve much.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:19:40
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftafomy/

No, because: A transaction increases its degree of finality (as seen from the receiver of coins) gradually from the transactions creation, publishing, residing in the mempool for a while, first confirmation, next confirmation and so on, never reaching absolute finality. Already after publishing, which take a split second, the finality is better compared to the legacy payment systems, including fiat paper cash and credit card payments. Credit card payments take 6 months to get the finality which the various bitcoins achieve in a lower single digit number of confirmations. Instead of reducing the block time, other protocols can be layered above, and it is already being worked on and developed. As a last resort, we can also have custodial middelmen services that can guarantee the payment for the few vendors who need it. The above is far better than any legacy system, it will have to be good enough. It is the limit of the invention, which is based on mining, public key signatures, and a lot of randomness, giving us a write only ledger that can not be faked.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:13:51
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftafbdo/

5 seconds? The contacless bank card people will laugh us out

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:10:37
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftaf8r1/

The contacless bank card people will laugh us out

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:09:58
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftaf7p0/

The contactless bank card people will laugh us out

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:09:42
/r/btc/comments/gygdjs/can_we_talk_about_decreasing_the_block_time/ftaf2uy/

You can talk, but you get nowhere

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 14:08:33
/r/btc/comments/gy4ns3/these_guys_dont_know_their_limits/ft9fyis/

And Hal Finney the next guardian of the project after satoshi? hmm new to me

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 08:16:59
/r/btc/comments/gy65ye/mark_cuban_has_a_valid_point_a_bitcoin_economy/ft9ffp0/

> Money supply should grow with economy. This is ok, but it is the reasoning from the time gold was the best sound money, and in fact the reason why gold is not called hard money and a fixed supply. Even with gold, the monetary inflation is not aligned with "the economy", the production will rise with gold price, after a delay of about 10 years. The gold price (inverse price of real stuff measured in gold), could go up and down in the old days, and loans will stretch the apparent number by strengthening the supply side of the market price. It does not matter much by the way, as long as real resources are expended for the creation of new units. And predetermined monetary inflation of zero is a good number, publicity wise.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 08:09:34
/r/btc/comments/gxu07c/how_bitcoin_saved_my_life/ft9edn1/

And seeing that the money keeps its value, people might want to save more. With savings come investments, either directly or by lending for interest. Even if the saver just holds the money, it leads to investments, because the value of other people's money increase. When you save in money, you don't take from society, you just defer your own consumption for the advantage of others. The reason is that the value is synthetic, or the value comes from a future exchange into real stuff, which is food, clothes, housing and the like, including real capital, factories. You don't hoard food, which would make oher people starve.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 07:54:06
/r/btc/comments/gxu07c/how_bitcoin_saved_my_life/ft9e0ky/

The inflation takes away resources from the value creating public and moves it to the people close to the money spigot, while creating chaos for savers and calculation in business. With sound money available to everybody, this ends. The so called growth, will be in real, useful investments, and held back to the natural savings rate, so the worst bubbles will be eliminated, the remaining will be from naturally occuring unexpected events

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 07:48:44
/r/btc/comments/gy65ye/mark_cuban_has_a_valid_point_a_bitcoin_economy/ft8xk92/

Hoarding of money, as opposed to real value, does not take away from anybody, it only increases the value of other people's money. The spend mantra is what is wrong, the inflation takes away resources from the value creating public and moves it to the people close to the money spigot, while creating chaos for calculation in business.

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 03:13:08
/r/Egypt/comments/gxw2vv/how_cain_i_become_the_ruler_of_egypt_seriously/ft8p50i/

Start lying and stealing from your neighbours, scare them, present yourself as the saviour, threaten, and cash in. In case you meet resistance, divide and conquer

Commented by /u/ErdoganTalk in /r/Egypt on June 7, 2020 01:11:36
/r/btc/comments/gy4hmu/massively_bullish_inverse_head_and_shoulders/ft8lp2k/

Well it is easy to spot a champaign formation, it's a sell signal

Commented by /u/ErdoganTalk in /r/btc on June 7, 2020 00:29:53
/r/btc/comments/gxutva/carl_watner_the_tragedy_of_political_government/ft8ckpl/

> It is the people in the government and their understanding about the role of government. Maybe they should read the linked article

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 22:49:41
/r/btc/comments/gxfi67/why_choose_bitcoin_cash/ft89p6q/

> how often do you need to change TCP/IP protocol? Ip has changed twice afaik, both times for scaling reasons

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 22:19:54
/r/btc/comments/gxo9qf/bitcoin_core_there_hasnt_been_a_single_real/ft87za6/

> And any coin that will eventually overtake bitcoin will need to watch out for this same tactic being used against them. +1

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 22:02:23
/r/btc/comments/gxqn9u/whats_your_idea_about_this_site/ft84mn2/

> How to make money from this site? Ask for donations to improve it, run away with the money

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 21:29:42
/r/btc/comments/gxu07c/how_bitcoin_saved_my_life/ft81zfl/

sound money can change that

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 21:06:01
/r/btc/comments/gxu07c/how_bitcoin_saved_my_life/ft80cfb/

You prefer the hand to mouth, house in every bush strategy?

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:52:31
/r/btc/comments/gxuxey/is_it_over_for_bitcoin_cash/ft7za7p/

Seriously, BTC can rise because a fixed number of hodlers can be bigger hodlers. BCH can rise because we can have a billion new small hodlers, who can become bigger hodlers when they trust it. Where is the potential?

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:45:02
/r/btc/comments/gxuxey/is_it_over_for_bitcoin_cash/ft7yry1/

In that case, sell low, buy high

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:41:28
/r/btc/comments/gxvpu3/psa_sell_one_fake_bitcoin_btc_get_40_real_bitcoin/ft7y224/

Nah, works fine when it comes to girls

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:36:28
/r/btc/comments/gxvpu3/psa_sell_one_fake_bitcoin_btc_get_40_real_bitcoin/ft7xv4y/

Do you mean both are fake, or none of them? Find out and report.

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:35:08
/r/btc/comments/gxw3b9/its_shuffle_saturday/ft7xf4u/

Ok, so fuse on Fridays, shuffle on Saturday and Sundays, we need more anonymizing teqniqes, but we cant use rolldice because there is no day for it

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 20:32:08
/r/btc/comments/gxtzba/i_just_fucking_paid_30_usd_to_transfer_17_or_so/ft5a42j/

He didn't say the size of his tx

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 12:48:48
/r/btc/comments/gx7ah4/1_cpu_1_vote_thats_what_satoshi_dreamt_of_what/ft3j78u/

We don't have to change anything to achieve it, we have it.

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 06:20:54
/r/btc/comments/gx9ced/its_fusion_friday/ft3izf7/

Currently it runs in the background, so it is best suited for a personal computer, always on, always connected.

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 06:19:04
/r/btc/comments/gxfi67/why_choose_bitcoin_cash/ft3fgon/

> Where is the whitepaper for BCH? We have a very stable whitepaper, after 11 years you should have learnt to find it

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 05:56:37
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft3akp7/

> The thread is shaming segwit, though BCH has implemented effectively the same thing. Segwit is complex > The OP doesn't like it because it is extremely complex for only a reduction from 1.4MB to 1MB block size (28.5% reduction). Segwit increases blocksize, not reduces, therefore increases transactional capacity, but only by 40 % (theoretically some more) > Your issue is that it means BTC nodes have to support legacy and segeit transactions It increases complexity, so this point is the same as I wrote > Another complaint was related to segwit transactions not being reversible when BTC is sent to a BCH address. I dont blame segwit or BTC for this > You can see how this leads to confusion. Sorry, you created confusion

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 05:28:00
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft39bj8/

Satoshilabs had to do something to mitigate the problem twice. Maybe you are right that it is uneccesary, or impossible, the fact remains that segwit adds complexity, creating problems for maintenance and optimization.

Commented by /u/ErdoganTalk in /r/btc on June 6, 2020 05:19:42
/r/btc/comments/gxfepx/bitcoin_core_miners_vs_all_other_miners_why_do/ft16qby/

Harsh words, I would say that, for miners, it is the safety of not being orphaned due to a bug, or due to disagreemenst between implementations. It is always safest to go with the majority, and that is an economic decision. You could say it is a characteristic of the mechanism, incentives slightly different from what we wanted

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 20:18:25
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft0vrah/

> the state eventually put up a guardrail there That's when they got the responsibility

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 18:56:43
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft0vk5j/

And they had to do it twice, was my criticism, and that should be clear. (edited)

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 18:55:07
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft0j840/

I think myself and others explained the problem properly

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 17:15:27
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft0j0kk/

For all the bad, that is hardly the responsibility of core

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 17:13:41
/r/btc/comments/gx2v3q/whats_wrong_with_segwit_they_ask/ft03hzx/

I think you are wrong, but the point of my criticism of BTC in this case, is that it has to be done in two different ways, one for legacy transactions, and one for segwit transactions. The bug was found in segwit in this case

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 15:07:34
/r/btc/comments/gx2b49/when_will_hash_rate_variance_flatten/fsyqkc0/

While the current extraordinarly high total hashrate on sha256 (my opinion) has created the idea that the difference between 0-conf and 1-conf is fundamental, it isn't. The fact is, a transaction increases its degree of finality (as seen from the receiver of coins) gradually from the transactions creation, publishing, residing in the mempool for a while, first confirmation, next confirmation and so on, never reaching absolute finality. Already after publishing, which take a split second, the finality is better compared to the legacy payment systems, including cash and credit card payments. Credit card payments take 6 months to get the finality which the various bitcoins achieve in a lower single digit number of confirmations. Some types of businesses need more, but most not. Many gambling institutions do not accept credit cards for this reason. If you want to complain, complain to those institutions, ask them why they think they need a number of confirmations. Some will have a good reason, others not, others can do different things to get a suitable level of safety for their incoming payments. Note that after BTC's subsidy halving, they have suffered the same, all the way up till now, just slighly less variance over time, and slightly less often. The fee conondrum is part of it too, I believe some equipment that should have been retired, is kept for a while, to take advantage of high fee episodes, and there is always the hope that profitability can double due to a price rice, thus stretching the useful life of the old equipment. Our difficulty adjustment algorithm in BCH is fairly simple, it has a quicker reaction compared to BTC which stabilized both coins. Currently the cost of being a friendly miner in the short, run is higher than it could have been, with a more sophisticated algoritm.

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 08:04:25
/r/btc/comments/gsz5ut/what_is_the_controversy_surrounding_avalanche/fsy7z5a/

> No, which is why if BCH had as good a user experience as apple pay (or paypal or google pay) it could even be considered superior! I'm for it

Commented by /u/ErdoganTalk in /r/btc on June 5, 2020 03:24:50
/r/btc/comments/gwmyvz/am_i_the_only_one_to_whom_the_bitcoincom_wallet/fsw34eo/

No I just noticed the same on Android. You have to actually click the "new address" icon on the receive screen from time to time. Don't know why the wallet is designed this way. My version says 6.5.0

Commented by /u/ErdoganTalk in /r/btc on June 4, 2020 15:11:03
/r/btc/comments/gw6sj9/why_is_bitcoin_still_a_store_of_value/fsusl5m/

So general that everybody wants it, so unreal that it can only be traded

Commented by /u/ErdoganTalk in /r/btc on June 4, 2020 08:52:03
/r/btc/comments/gw6sj9/why_is_bitcoin_still_a_store_of_value/fsusbgh/

Yes, but try to store the heat. Instead of the real valuable thing, heat, you store something else that you can trade for heat, it could be anything but you want something others want, not what you want, because the future heat is the real thing that you want. Since it can be anything, you are not going to use it, only trade it, so it does not have to be real, or useful like food, it can be something like money. The more general the stuff is the better, it is in fact better if there is no use for it, but it is still something that people will want. That is why the unreal thing bitcoin still is money, it is valuable, and it stores the value that you wanted to save. It is so general everybody would want it.

Commented by /u/ErdoganTalk in /r/btc on June 4, 2020 08:49:13
/r/btc/comments/gw6sj9/why_is_bitcoin_still_a_store_of_value/fstum6h/

Unreal means money, real means food

Commented by /u/ErdoganTalk in /r/btc on June 4, 2020 00:59:34
/r/btc/comments/gw6sj9/why_is_bitcoin_still_a_store_of_value/fsteqk4/

It is a store of value because it is not real value (you can not eat it), and it is speculative because the value can change and people will take advantage of that. People acting irrationally is just an opportunity for the rational to earn some money, and it will correct itself by the irrational losing. But if this seems not to happen, because there are just too many irrational people, and too few rational. This situation can exist for a long time. Since this is money, unreal value, it does not matter, in fact the irrational can win also in the long run! Think about that.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 22:14:49
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fst91un/

As I say I don't know exactly, and I have quite a few upvotes on you. > I'm just critical of BCH, even though I'm a supporter. I really want it to succeed. Is this consistent?

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 21:21:44
/r/btc/comments/gw612i/where_should_i_donate_for_bch_development/fst2rnr/

The max number of in-pool descendants is now 50

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 20:23:30
/r/btc/comments/gw27mg/vitalik_buterin_on_bitcoin_cash/fst1nxr/

> We can't be censored outside of reddit.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 20:13:30
/r/btc/comments/gw1530/550_disappeared_from_my_bitcoin_wallet_how_can_i/fsszy8s/

Still zero info, in the whole thread

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 19:58:16
/r/btc/comments/gvyr1y/i_argue_that_markets_no_longer_exist_change_my/fssw5yv/

The market is interactions between people, and often the details are not published. If well known, like on an exchange (a part of the service the exchange provides), then it is easier for others to know the price (discover it if you like). When the prices are widely known, the market works better, because the price is the most important signal for the producers and the consumers and every middle man including the speculators. (But even with low or late information, it is still a market and it works). With intrusion, like the dollar having only one producer, taxes or inhibiting regulations, it is still a market, the actors in the market will account for these nonvoluntary intrusions by changing the prices. Thats why the businessmen are not so worried about tariffs, they are only worried that it is not the same for the competiting businesses, and that changes come without warning so they can not plan for them. (Thus they love the tariff when they get an advantage, and hate when it disantvantages them) An economist on the other hand will see the tariff's effect on the volume of the affected market and the loss of value creation.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 19:25:11
/r/btc/comments/gw27mg/vitalik_buterin_on_bitcoin_cash/fssvjfo/

If the question was competition over usefulness, we would have no problems. But we are under attack with propaganda, desinformation and censorship, and our enemies would like that this be hidden. The suggestion of cozyness is inherent in the attack. I am sure most other coins are not attacked this way, so they think we act stupidly here in the bch camp.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 19:19:42
/r/btc/comments/gvyr1y/i_argue_that_markets_no_longer_exist_change_my/fsspugf/

Whis is just a question of information from recent trades being available

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 18:31:13
/r/btc/comments/gvyr1y/i_argue_that_markets_no_longer_exist_change_my/fss81s5/

> Markets were mechanisms created to discover price. Disagree too, it was never created, it is what happens when people interact.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 16:09:25
/r/btc/comments/gvyr1y/i_argue_that_markets_no_longer_exist_change_my/fss7tpp/

I disagree, the market works also in case of interventions, it is easier when you think of also the dollar itself as a part of the market

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 16:07:40
/r/btc/comments/gw1530/550_disappeared_from_my_bitcoin_wallet_how_can_i/fss5pd4/

Until more details appear, I regard this as just throwing a fart in the general direction of the company mentioned.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 15:51:22
/r/btc/comments/gvp92s/in_australia_bitcoin_cash_is_king_the_may/fss5d1j/

The crazy, roundabout way to do it, it is a problem for future capacity increase and speed optimizations

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 15:48:42
/r/btc/comments/gvwbrd/dirty_bitcoin_is_being_laundered_through/fsre2y1/

Translation: confiscate a few hundred accounts

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 12:19:03
/r/btc/comments/gvh6fj/bitcoin_abc_2020_fundraiser_reaches_halfway_mark/fsrdqug/

> ABC had a bigger role in creating BCH than you or 99% of the people who post here bitching about ABC. How do you know? Anyway doesn't matter, it is not the question under discussion. Bringing it up defines you as a troll, you have been like that forever

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 12:16:23
/r/btc/comments/gvq585/did_i_just_lost_my_bitcoin_sv_by_moving_my/fsr7rv2/

You can run ElectrumSV with the trezor, just did it. Use the correct derivation path, or if you have used Electron Cash with the trezor, copy the wallet file.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 11:29:30
/r/btc/comments/gvnem3/what_determens_the_size_of_bch_transactions/fsr3vxy/

> So is there a maximum fee that can be charged when the blocks are not full? It is standard for now, the blocks are never full and the plan is they never will be, even for world scale. The fee can be lower or higher (in sat/B) in the future, and the market can still be activated if needed.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 10:58:26
/r/btc/comments/gvp92s/in_australia_bitcoin_cash_is_king_the_may/fsr1xnu/

Segwit can't be removed, that's still a negative

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 10:42:12
/r/btc/comments/gvnem3/what_determens_the_size_of_bch_transactions/fsqyfgv/

In BCH it will still not be big, you still pay only 1 sat/B on 365 inputs and two outputs, it will be less than half a dollar

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 10:12:18
/r/btc/comments/gvrd10/btc_ratio/fsqr8f8/

higher, soon

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 09:05:41
/r/btc/comments/gvh6fj/bitcoin_abc_2020_fundraiser_reaches_halfway_mark/fsqpbya/

They snuck it in, my gawd

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 08:45:49
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspps9r/

Not sure I got all, but I follow your stuff. My point is that there is a backwards coupling through the minds of the market (miners). You can not look only at history. I agree there is a problem, but look back, it is obvious that the oscillations are larger when the difference in reward is large.

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 00:34:22
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsppfqs/

> BTC does not have any periods in its history in which the average confirmation time for a maximum-fee transaction exceeded 12 minutes, False, just recently there were some periods with more than 2 hours between blocks

Commented by /u/ErdoganTalk in /r/btc on June 3, 2020 00:30:27
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspm4xx/

I don't get you totally. What I see, is that the block rate is more stable when the price ration is higher (modified with the period when we had halved, and btd not)

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:55:03
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspjokl/

Yes, minimal trust. With no trust whatsoever, you can not go for 0-conf. If you see the other persons face, and if he does not look like Fauci, there is minimal trust.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:29:23
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspikqn/

I have great respect for your work and your endurance, but really, you can not, in principle, conclude anything by analyzing the past. When the algoritm changes, everything changes. This is not to say that the algoritm should not change. I am ok with a conservative change, putting more weight on the most recent block rate. The question is, is it necessary?

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:18:11
/r/btc/comments/gvl3kc/adam_back_crisis_will_push_btc_to_300k_even/fsphkg6/

I just instituted myself

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:08:13
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsphh88/

> you really love this chain right? Correct, I love this chain, because it works as bitcoin did six years ago. Every, I mean *every* day I do trades with strangers and depending on 0-conf, or to be exact, we don't care about 0 or 1 or more conf. Because there is a minimal trust, even if it is a trade between total strangers.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:07:20
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsph4kb/

> BTC doesn't have perfectly low deviation blocks but it doesn't have 5 blocks in an hour regularly either. Sure it has, these days, with price volatility and confusion about what eqipment to retire > At least, I hope you will change your stance to "show me the evidence" rather than "don't change it". "Show me the evidence" should be the standard for any change going into the protocol. In principle, I agree.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 23:03:51
/r/btc/comments/guo9yc/anyone_else_here_who_at_first_hated_bitcoin_cash/fspgdvp/

I think this thread is inspiration for many, so therefore /u/chaintip to the OP

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:56:41
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspg84k/

> By loyal miners, I mean the ones that hang around (or come back) during the very high difficulty periods caused by gaming Agree, also with the rest of your comment

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:55:09
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspfbcn/

looking back, not looking forwards

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:46:23
/r/btc/comments/gvh6fj/bitcoin_abc_2020_fundraiser_reaches_halfway_mark/fspf1sb/

I don't agree. they believe they created bitcoin, and work on getting eyballs and looking on how they can extract value from it. They think they own the fucking four billion marketcap. Sorry, disappointed.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:43:49
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspcb0l/

I don't think it can be modelled

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:17:15
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspc5xl/

Possible, but it would be gum and steel wire. I prefer the proportional, integral and derivative approach (PID), but the parameters need to be conservative.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:15:52
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspbre2/

> In the meantime, I have heard voices from traders and from loyal miners. I don't think we have any malicious miners, only loyal miners, if not the low block rates would be even lower.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:12:01
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fspb5vg/

> A return to low-deviation 10m blocks will probably solve most of that and reduce the urgency of preconsensus. The question is how you achieve it. Not even BTC have a low deviation 10m block time these days. So please hold your horses, and look at what we have, which is good, and it is just a question of time before the market appreciates it.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 22:06:12
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp9oym/

Ahh, I love my own words so much, sry, wankers: There is a pressure from outside to make all kinds of changes to BCH, but what we really need, is confidence from the market, and no unnecessary changes of the essence of the coin, which is sound money for *everybody* in the world btw, i have the op marked as a core troll, can't say exactly why, his comments are good with a creepy undertone

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:52:07
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp9for/

Exactly, we can handle block rate volatility, it does not change the user experience even a tiny bit.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:49:40
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp9bfg/

If you put to much weight into the integral part of the regulation, it is very easy to get oscillations. Thread carefully into this, pretty please

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:48:33
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp938p/

We have seen this from historical experience. With a higher price ratio, it is probably less profitable to hop chains quickly.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:46:23
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp8rly/

For the reason of low BCH/BTC price ratio

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:43:17
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp8n4b/

> why was the difficulty changing algorithm implemented to begin with? There needs to be a difference in timing, else there would be oscillation between the two

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:42:07
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp8fwc/

I do not agree, the stability will come earlier, not totally sure about 0.03, but we don't need very much appreciation relative to BCH

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:40:14
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp75t5/

The suggestion I have seen is a full PID regulator, but it depends both on the parameters chosen, and the public's understanding of how it works. You will never escape the fact that observers are more intelligent than the algorithm. The PID regulator works well for natural changes, where there is no mind looking at the input and the output, trying to figure it out What we already have, is an algoritm just like BTC's original, but with a shorter time period, and sliding, the difference in timing is necessary to avoid oscillation between the two. The point that the hashpower difference is important, was demonstrated, after BCH's halving and before BTC's halving, and also earlier, when the price ratio was smaller. (Have no idea how BSV interferes into this balance) There is a pressure from outside to make all kinds of changes to BCH, but what we really need, is confidence from the market, and no unnecessary changes of the essence of the coin, which is sound money for *everybody* in the world

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 21:28:08
/r/btc/comments/gv4yhc/that_feel_when_you_make_more_in_24_hours_with_bch/fsp1dby/

Look little man, if there were no speculation and no hoarding in this world, you would have to live in a cave and eat insects you plucked directly from the trees yourself. Forget you computer, it would not exist, and you would not have the free time to think about it. On the other hand, a girl would be available, especially if you were good at plucking those insects. So there is that

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 20:33:38
/r/btc/comments/gvht36/uk_government_seizes_dormant_accounts_bitmain/fsp0spy/

> The Culture Secretary of the UK announced £150 million corresponding to dormant bank accounts (accounts that haven’t been moved in 15 years) will be seized, with funds to be used for coronavirus relief. Half dead oldies, where the heirs out of respect do not want to force things maybe. Not gonna happen with BTC or BCH. Banks are not to be trusted these days, your deposits are not like they were years ago. The laws have changed. Wake up!

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 20:28:19
/r/btc/comments/gviofb/when_is_the_difficulty_adjustment_algorithm_going/fsp0hi5/

> We've come across situations in which several consecutive blocks are mined in a few minutes, Same for BTC I don't think we need a fix. Whatever algoritm is in there, there is conscious minds behind analyzing it and taking advantage of it. What we need, is to get the BCH/BTC ratio up to 0.03 or so, then the block rate will be stable.

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 20:25:24
/r/btc/comments/guo9yc/anyone_else_here_who_at_first_hated_bitcoin_cash/fsotu70/

Anyway what you do is part of the solution, because we both need vendors and people who can spend at the new places. In the mean time, the liquidity for the purpose of saving is good enough in most countries, so that is also a great angle of attack

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 19:24:35
/r/btc/comments/gq7vh1/what_feature_or_service_of_bch_do_you_use_the_most/fsod0aw/

Just tried again. After removing the half dollar fee, they gave close to 15% underprice for BCH in a currency that was not USD

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 17:02:37
/r/btc/comments/gv9b33/ethereum_has_the_largest_share_of_tethers_supply/fso4t2b/

I don't understand the: > cannot be defended part

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 15:58:40
/r/btc/comments/gq7vh1/what_feature_or_service_of_bch_do_you_use_the_most/fso07ja/

All right I don't have the same experience, may be it was the price volatility

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 15:23:06
/r/btc/comments/gq7vh1/what_feature_or_service_of_bch_do_you_use_the_most/fsny4xm/

was the rate off? They tak a halfish dollar in fee

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 15:06:45
/r/btc/comments/gv4yhc/that_feel_when_you_make_more_in_24_hours_with_bch/fsmj49p/

Okidoki, but spedn with slightly less enthusiasm than the receiver's hodling enthusiasm, and we are still ok with the price!

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 07:30:47
/r/btc/comments/guo9yc/anyone_else_here_who_at_first_hated_bitcoin_cash/fsmcnmj/

> They laughed when I tipped the server at Dunkin’ Donuts with a $2 tip (gifts.bitcoin.com). Took her a day to redeem it, but she eventually did. Did you do more than just tip, did you come back and talk about it?

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 05:49:44
/r/btc/comments/gutc84/bitcoin_cash_has_to_dominate_commerce_in_india/fsmcid3/

Try everywhere and see what happens

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 05:47:19
/r/btc/comments/gux8pv/btc_now_10k_what_factors_are_driving_up_its/fsmcbwe/

The buyers eagerly buy, and the sellers reluctantly sell

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 05:44:17
/r/btc/comments/guzp8g/us_turmoil_and_negative_interest_rates/fsmc4bh/

Just wondering, are you banned in err bitcoin? For pointing out the problems with lightning perhaps

Commented by /u/ErdoganTalk in /r/btc on June 2, 2020 05:40:49
/r/btc/comments/guo3jh/so_what_happened_with_bitcoin_hashrate_death/fsl76ei/

It can not be decided definitively, because the mempools are individual to each node, but I am sure a determined mempool watcher could analyze it and come to a good approximization. Don't know if anybody do that stuff.

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 21:25:37
/r/btc/comments/gui0hg/bitcoin_marketing_its_electronic_cash_internet/fsl3cja/

Check out local.bitcoin.com https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 20:49:47
/r/btc/comments/gutc84/bitcoin_cash_has_to_dominate_commerce_in_india/fskx2pl/

> MPesa is not cross border, it operates across several phone service providers, but always in the local money unit. So bch could be more usful for some.

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 19:52:10
/r/btc/comments/guo3jh/so_what_happened_with_bitcoin_hashrate_death/fskqlfn/

That's the other possibility, they don't take 1 sat/B fees any more. But they did May 30, around the time of 22:50. Also some yesterday (May 1st). Both according to johos chart. And I have not seen any proclamation of it, nor comment.

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 18:54:04
/r/btc/comments/guo9yc/anyone_else_here_who_at_first_hated_bitcoin_cash/fskpzgo/

> This sub just sucks. We have enemies, that's why

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 18:48:42
/r/btc/comments/guo9yc/anyone_else_here_who_at_first_hated_bitcoin_cash/fskhiue/

> I'd chaintip this lol Nothing stops you, just include \/u\/chaintip in your comment (without the escape characters) and follow the instructions. No account, pay after, pay once for each tip

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 17:35:58
/r/btc/comments/guqqxq/the_search_continues/fskh8qu/

Just be here for a while, but ignore most, then you will find the golden info

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 17:33:40
/r/btc/comments/guo3jh/so_what_happened_with_bitcoin_hashrate_death/fskg3xz/

I think the mining nodes abandoned a bunch of low fee transactions, and joho's site did not notice, and kept them. On joho's site, you can see the miners clear everything down to a certain limit, 3-4 MB left. From May 31 00:00 and forward to June 1 12:00, when a bunch of new low fee trans came in. Those below, were not there any more for the miners, only for the joho site. Conclusion, they cleared out the mempool, after 3-4 MB low fee trans were abandoned. It would probably be cleared even if transactions had not dropped out

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 17:24:12
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fskfgrk/

yeah, but there is lots of info relevant to the current conondrum, and you don't have to dig very deep.

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 17:19:00
/r/Firearms/comments/gu341j/nc_gun_owners_under_threat_take_notice/fsiqcxb/

> Thank you?...I think....I mean I can probably get a couple bullets with this...I’m very confused Hehe probably. I am enthusiastic and promote that money type, I thought it was smart to promote it in a forum with freedom minded people. Now you have redeemed, it emonstrates the quality of the cryptos, I can send an amount almost immediately (in this case two steps, via the bot, to give you the opportunity to install a wallet), almost for free, from anywhere on the globe, without asking anybody. That's all. You can ask me, if not, have a nice day!

Commented by /u/ErdoganTalk in /r/Firearms on June 1, 2020 08:23:46
/r/btc/comments/gubq2p/does_lightning_strike/fsigj3c/

Ehh, where is the Internet? I thought it was ... here

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 05:54:29
/r/btc/comments/gubq2p/does_lightning_strike/fshv0og/

You don't have the fucking capacity to make it world money, other good things about btc is therefore irrelevant

Commented by /u/ErdoganTalk in /r/btc on June 1, 2020 00:39:15
/r/Firearms/comments/gtz41m/i_believe_an_unarmed_populace_becomes_the_victims/fshum2a/

Sry, using the current discussion to promote bitcoin cash, world sound money. It is related, it is the root cause of the conondrum in america these days. If interested: Bitcoin Cash BCH (for everybody), sound money which is good for saving, borderless, no questions asked, easily protected and hidden, quick, cheap and reliable transactions, non custodial, teleportable, unstoppable, cash. Get a wallet app for the smartphone, I suggest "Bitcoin Wallet from Bitcoin.com" (Icon is a black B where the upper half is covered in green). Send the first cashaddress in a private message here on reddit, to user chaintip. Make sure it is from the "My BCH Wallet", the green one. The address should look like this: qr8ascq8e7g2ufktfpsf8zur06xhhzzcxy9xpg924 (the address begins with "q", and the "bitcoincash:" prefix is optional). The bot will relay the coin to your address. The increase in absolute value depends on more users coming in, like a pyramid scheme, but it is not a pyramid, because the money type is so practical people want to use it. This demonstrates the quality of the cryptos, I can send an amount almost immediately (in this case two steps, via the bot, to give you the opportunity to install a wallet), almost for free, from anywhere on the globe, without asking anybody. Zero fee to hold, a fee of less than 0.01 USD to transfer. The app is free, no personal information is required. If not interested, ignore the whole thing, then the money comes back to me,

Commented by /u/ErdoganTalk in /r/Firearms on June 1, 2020 00:34:35
/r/Firearms/comments/gud39b/the_empowering_moment/fshon7b/

It is something spiritual

Commented by /u/ErdoganTalk in /r/Firearms on May 31, 2020 23:29:32
/r/Firearms/comments/gtlc46/first_gun/fsho09w/

The caliber at least 9mm, and for fucks sake, learn to shoot and practice regularly. /u/chaintip

Commented by /u/ErdoganTalk in /r/Firearms on May 31, 2020 23:22:52
/r/Firearms/comments/gtz41m/i_believe_an_unarmed_populace_becomes_the_victims/fshneob/

The root cause of all this is the bad money /u/chaintip

Commented by /u/ErdoganTalk in /r/Firearms on May 31, 2020 23:16:46
/r/Firearms/comments/gu341j/nc_gun_owners_under_threat_take_notice/fshn8rl/

Get a gun before it is too late /u/chaintip

Commented by /u/ErdoganTalk in /r/Firearms on May 31, 2020 23:15:04
/r/Firearms/comments/gua6ac/which_handgun_is_best_in_your_opinion/fshmwbu/

I like my Glock 17 generation 4, it is light, but i shoot bette with the smith and wesson revolver, don't know exactly why /u/chaintip

Commented by /u/ErdoganTalk in /r/Firearms on May 31, 2020 23:11:31
/r/btc/comments/gu7rpg/but_bitcoin_cant_scale_harddrive_edition/fshljr7/

You are here, you are on the internet, that was my point. I have followed the situation in Venezuela from a distance, and I know it is bad. But I did not make it bad, in fact I think the bad money is a root cause if not the root cause for the crazy things happening. But not only that, the people on the ground have lost contact with the morals, the spirit, and they support the extensive wrongs being done. I ask why. Anyway, good luck to you and your family, friends, suppliers, customers and your dependants. Have an inspirational tip /u/chaintip

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 22:58:00
/r/btc/comments/gu7ahm/why_bitcoin_cash_failed_to_take_over_the_bitcoin/fshfpim/

We have the fucking brand!

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 22:00:15
/r/btc/comments/gu7rpg/but_bitcoin_cant_scale_harddrive_edition/fshfj64/

Writing this comment, I conclude you have a capable device, internet connection and power. You probably even ate something today!

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 21:58:33
/r/btc/comments/gu7rpg/but_bitcoin_cant_scale_harddrive_edition/fshfas6/

everything, my sweet troll

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 21:56:17
/r/btc/comments/gu8w1t/today_i_learned_the_general_bytes_atms_are_using/fshevra/

btw didn't knew you wrote software, egon

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 21:52:16
/r/btc/comments/gu9lst/as_far_as_we_know_some_random_single_blockstream/fshen6k/

But is it important? No, anybody can clone any git repository, then work on it

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 21:49:57
/r/japan/comments/gtprst/frontline_health_workers_in_japan_continue_to/fshe5ef/

Is it a war? No, so no front line Do they do the right thing? No, they don't speak out what they see, they keep their mouths tapered because their superiors say so Not heroes

Commented by /u/ErdoganTalk in /r/japan on May 31, 2020 21:45:12
/r/btc/comments/guak6x/bitcoincash_bch_it_just_works/fsh95b0/

Fuckin' truth

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 20:57:14
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fsh89pg/

> RT-PCR tests are considered the gold standard for detecting many viruses, and a number of companies are making them Look again, it is not suitable for making a diagnosis, even more so when the actual virus specimen defining the disease is not found.

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 20:48:51
/r/Norway/comments/gtes3l/norway_will_donate_56_million_to_indonesia_as_it/fsh7dar/

It is so easy to spend other peoples money to come into the limelight, on booze, girls, and horn music, then sqander the rest. Bitcoin Cash fixes this /u/chaintip

Commented by /u/ErdoganTalk in /r/Norway on May 31, 2020 20:40:13
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fsh6v3y/

What is the accuracy of the test, and how can it be established. Do you have high school or better?

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 20:35:23
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fsh5z6t/

I happen to think CO2 exists and it is a part of the nature, and necessary for life. Why do you think that question is relevant here? The science regarding the corona conondrum (even the name of the sickness, covid-19, was made up by some people who could not define it). Total loss of confidence in current science. Wonder if they can repair the damage.

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 20:27:00
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fsh24li/

You can not trust the numbers. Whatever you argue for, if you use official numbers, your argument is invalid The numbers we want, are unknown, they don't exist

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:50:38
/r/btc/comments/gtrlsv/btc_supporters_what_does_the_perfect_endgame_look/fsh1r38/

https://forum.bitcoin.com/bitcoin-discussion/bitcoin-cash-memes-t55790.html#p105051 https://i.imgur.com/cHzQUg4.jpg

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:47:09
/r/btc/comments/gu50kz/with_riots_erupting_in_us_cities_using_tools_of/fsh1574/

You can not trust the number. Dig an inch deep

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:41:26
/r/btc/comments/gu94fh/when_will_liquid_be_open_source/fsh0q48/

It wouldn't make a difference, it is custodial

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:37:34
/r/btc/comments/gtwhwx/definitely_satoshi_s/fsgzwq1/

The bad money is the root cause

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:30:03
/r/btc/comments/gtwz6b/the_purpose_of_bitcoin/fsgzt9t/

Take a look at local.bitcoin.com, it is one example

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:29:11
/r/btc/comments/gu298y/if_you_cant_spend_your_crypto_you_dont_defund_the/fsgyqfd/

If you reluctantly sell to someone who wants to save, you support the value of the price If you desperately sell to someone who doesn't really want them, you depress the price In the market, the trade price will be either higher, in the first case, or lower, in the second case, compared to the most recent price. When bch total value increases in value, other money lowers in value, other things unchanged Now you know

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:19:26
/r/btc/comments/gu3yai/bitcoin_cash_is_cool/fsgycsb/

Truer words have *never* been spoken

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:15:58
/r/btc/comments/gu4439/is_theres_at_least_some_conversation_on/fsgy0v0/

> I'm only aware of plans to use Avalanche as a pre-consensus tool on BCH. This also interferes with proof of work

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:12:54
/r/btc/comments/gu4439/is_theres_at_least_some_conversation_on/fsgxx8r/

define PoS for your purpose

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:12:00
/r/btc/comments/gu4633/to_my_friends_who_want_to_know_why_im_so_pro_bch/fsgxrsl/

It can be done, no doubt, just look at the big data and the big social sites. Not for every nobody in his student dorm, but for enough people. The users will pay for it, and it will be orders of magnitude cheaper than the legacy systems

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:10:35
/r/btc/comments/gu4633/to_my_friends_who_want_to_know_why_im_so_pro_bch/fsgxbj7/

/u/chaintip exactly my thoughts, expressed better than i could have done

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:06:26
/r/btc/comments/gu4ocv/which_exchange_should_i_use_for_dca/fsgwna3/

For BCH, always consider local.bitcoin.com, the person to person market

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 19:00:15
/r/btc/comments/gu18n5/i_tipped_bitcoin_cash_all_over_reddit_heres_what/fsfnkdn/

Maybe not the error, look in your messages, you have to send the tip amount from your own wallet to the bot's relay-address

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 12:29:48
/r/btc/comments/gu18n5/i_tipped_bitcoin_cash_all_over_reddit_heres_what/fsfn9iy/

edit the post and add a slash before the u

Commented by /u/ErdoganTalk in /r/btc on May 31, 2020 12:27:08
/r/Sudan/comments/gozrxx/anyone_know_how_much_exactly_the_cash_transfer_to/fsdd64t/

Another question - what will happen to the prices if everybody get a handout?

Commented by /u/ErdoganTalk in /r/Sudan on May 30, 2020 19:59:11
/r/btc/comments/gtfkjv/dropped_my_first_bch_tip_in_a_tip_jar_today/fsd917i/

Tell us if someone redeems it

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:19:32
/r/btc/comments/gtjrx0/hong_kong_vending_machines_choose_bch_over_btc/fsd8mzf/

Do you think 10 at the time would be better - even if every event was spaced 10 times more apart?

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:15:46
/r/btc/comments/gtjrx0/hong_kong_vending_machines_choose_bch_over_btc/fsd8fat/

cointelegraph - hmm what are they up to now

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:13:44
/r/btc/comments/gtnycw/why_are_median_transaction_values_for_bch_so_low/fsd88n8/

We have big jaws because we are gonna eat you, that's why

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:11:59
/r/btc/comments/gth9jh/is_there_a_wallet_that_can_be_used_both_for/fsd7mzn/

Coinomi. Bitcoin.com works and is perfect for Bitcoin Cash, but is not the best for BTC

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:06:16
/r/btc/comments/gtm3vj/bitcoin_cash_the_early_years_still_the_underdog/fsd7cxv/

BTC is the coin that does not depreciate. Is that good enough for you?

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 19:03:34
/r/btc/comments/gtcz0b/linus_torvalds_would_prefer_bitcoin_cash_over_btc/fsat43l/

So he didn't comment on btc or bch

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 08:09:30
/r/btc/comments/gt6zr4/bitcoin_cash_lead_developer_amaury_séchet_drops/fsao6os/

The key modifier is *rational* egoism, one meaning is long time viability.

Commented by /u/ErdoganTalk in /r/btc on May 30, 2020 06:52:08
/r/btc/comments/gsw5pb/amaury_threatening_another_ifp_in_november/fs964hc/

You have to offer your services, and you rely on someone to take on that offer voluntarily.

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 19:39:18
/r/btc/comments/gt3aos/how_to_speed_up_confirmations/fs942ye/

It varies a bit more than it should, and it is connected to the relatively low bch/btc price ratio. But is doesn't matter much, because most transactions will be confirmed in the next block. So for instance, if you receive a payment, then send it to an exchange, it does not matter if it is confirmed after you receive and before you send, the first confirmation with the exchange will confirm both at the same time. With local.bitcoin.com it means even less, because you can do the whole trade, including withdrawal, between confirmations.

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 19:19:49
/r/btc/comments/gsxcys/my_mom_sending_bitcoin_for_the_first_time/fs8v8kq/

The bitcoin.com wallet is grandma ready, it is far easier than mobile money or anything a bank could offer. Jeez

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 17:59:53
/r/btc/comments/gsz5ut/what_is_the_controversy_surrounding_avalanche/fs8usmt/

Does it work in Lebanon? In Syria? In Iran? Bitcoin Cash does

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 17:56:02
/r/btc/comments/gsz5ut/what_is_the_controversy_surrounding_avalanche/fs8pgro/

> I "think" it has to do with the way the tx are ordered. me not

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 17:10:31
/r/btc/comments/gsz5ut/what_is_the_controversy_surrounding_avalanche/fs8cota/

> When it comes to posts about Avalanche, it seems that this community is extremely divided, where half of the people support avalanche, while the other half don't. Licked finger up in the air statistics

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 15:24:43
/r/btc/comments/gsyf29/fees_btc/fs88l7s/

butbutbut... it is cheap compared to sending a live cow with airfreight

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 14:51:55
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs84wcj/

> So nothing usage-wise has improved for a few years? You destroyed the momentum, and we had to restart from a point some way back. But the satoshi dice is just a small thing, the number of users is what we want to see increase, but that can not easily be determined. You know this, you just want to create some negative waves.

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 14:22:41
/r/btc/comments/gsoeu5/uk_uses_feudal_system_law_to_seize_150_million/fs6pjak/

They want ... everything

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 06:11:41
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs6peyr/

In the blockchain, not waiting in the mempool

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 06:09:44
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs6p0sc/

I don't care that much about the exchanges

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 06:03:17
/r/btc/comments/gso2j0/what_crypto_is_and_isnt/fs6odkq/

Yes let it be for now. Rushing to Ballarat :)

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:52:46
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs6o50u/

The current situation: We take advantage of the high interest in Bitcoin, which is increasing with the network effect, to take the new users they don't want. BCH and ETH

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:48:58
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs6n3gy/

low fee if you can wait, currently means 3 weeks

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:32:07
/r/btc/comments/gspenr/yesterday_there_were_only_8844_transactions_in/fs6n0zx/

> half of them was satoshi dice That was true also a few years ago

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:31:03
/r/btc/comments/gsnlfd/how_long_do_you_think_it_will_take_bch_to_recover/fs6mryt/

> 69 - https://knowyourmeme.com/memes/69 nice > People often joke about it by replying "nice" to posts that use the number 69 regardless of the context in which the number is used.

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:27:02
/r/btc/comments/gsnpec/how_to_run_bitcoincom_wallet_for_windows/fs6mmcd/

Start with the download, you find it near the bottom of this page: https://wallet.bitcoin.com/ > Also available for Mac, Windows, and Linux.

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:24:31
/r/btc/comments/gso2j0/what_crypto_is_and_isnt/fs6mdtm/

Interesting, but nitpicking maybe, is not correct: > Bitcoin’s hash rate — the total amount of computing power dedicated to mining — is currently over 30x that of Bitcoin Cash and 50x that of Bitcoin SV. Hash rate is synonymous with security, and security is fundamental to the coin’s scarcity — one reason why Cash and SV both trade at a fraction of the dollar value of Bitcoin (and why cousin’ Joe’s newest venture, Bitcoin Joey, is totally worthless).

Commented by /u/ErdoganTalk in /r/btc on May 29, 2020 05:20:42
/r/indonesia/comments/gs6l3v/its_too_late_in_sprawling_indonesia_coronavirus/fs5hzd4/

Dig an inch deep into the numbers question

Commented by /u/ErdoganTalk in /r/indonesia on May 28, 2020 21:17:18
/r/btc/comments/gsfyty/when_the_fee_is_too_high_they_mock_me_for_not/fs5emc6/

But then, they have to actually do it, the half god developers of Bitcoin, who has spent the last five years fixing comments in the code.

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 20:45:23
/r/btc/comments/gsfyty/when_the_fee_is_too_high_they_mock_me_for_not/fs5egfc/

hush, don't tell them, sit mouse still

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 20:43:49
/r/btc/comments/gsfyty/when_the_fee_is_too_high_they_mock_me_for_not/fs5e2r3/

You can mock us, but you still don't have the capacity needed, and most of the remaining 1 sat/B transactions in the BTC pool have waited for 2 weeks, and no new ones come in. You are destroying use cases by the day, my sweet down-psyche troll

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 20:40:14
/r/btc/comments/gs7p21/goldman_sachs_states_that_bitcoin_is_not_a_real/fs5903k/

These guys are like emty barrels making noise

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 19:52:43
/r/btc/comments/gs7p21/goldman_sachs_states_that_bitcoin_is_not_a_real/fs58upp/

It is a monetary asset, not a real asset

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 19:51:22
/r/btc/comments/gsbge3/btc_coin_this_30_was_sent_4_days_ago_still_waiting/fs58p9v/

> What church? The church of voluntary action

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 19:49:59
/r/btc/comments/gsfyty/when_the_fee_is_too_high_they_mock_me_for_not/fs56odo/

Their arguments are nonsensical. The common sense description is: They don't have the needed capacity, and with transactional demand, the fees have to rise to a level where most people are discouraged. We have the fee market too, in BCH, but with higher capacity it is like the price of salt... it will be low, because lots and lots can be produced to meet demand.

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 19:31:28
/r/indonesia/comments/gs7yar/norway_to_grant_indonesia_56mn_over_reduced/fs5388i/

Crazy, taking advantage of the bad conscience of the locals, spending it on girls, booze and fancy hotels, squandering whats letf! bch or get rekt

Commented by /u/ErdoganTalk in /r/indonesia on May 28, 2020 19:00:35
/r/btc/comments/gs2g3j/could_the_tether_bubble_finally_be_popping/fs4fd24/

> BCH implemented a little bigger main pipe but no one wants to poop in their toilets. The medium blocker attack

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 15:43:23
/r/btc/comments/gs2g3j/could_the_tether_bubble_finally_be_popping/fs2pad3/

> since its value is almost 100% speculative. which is true for all money by the way

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 06:18:37
/r/btc/comments/gs376s/will_participate_in_airdrop_with_instant_withdraw/fs2p5u2/

No discussion here, only DM's from gamblers desperate to win back their losses

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 06:16:40
/r/btc/comments/gryle5/why_not_spread_bitcoin_cash_to_canada/fs2mn2h/

> One issue is commercial banks. They harass you when you try to send money to a Canadian Bitcoin exchange. That's what local.bitcoin.com is for.

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 05:35:15
/r/btc/comments/gs1w9q/any_exchanges_that_sell_bitcoin_for_paypal_with/fs2m6z6/

> Localbitcoins required ID. It's done for, unusable. 1 Convert to BCH with for example sideshift.ai (no need to identify with small amounts) 2 Sell BCH on local.bitcoin.com person to person market. An e-mail address is needed for registration, and trades in cash are anonymous (you see the face of the other trader). More practical is bank transfer or mobile money (paypal is problematic) See https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 05:27:40
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1zhrz/

Hehe everything you do on an exchange is a contract. But I meant futures, often called margin trading, a simple to use variant. The point is there are limits, and when you cross them the contract is sold. Long or short, same thing, so when you give up on your bet, the move in the opposite direction of what you hoped, becomes stronger. *The same thing happens if you decide to sell, because the price went down to much and you got scared, or the opposite, even if you have no contract, but you only have a balance in your own wallet*. Even a margin contract does not need to have margin, but at least the short will have a limit anyway (always when longing if the collateral is of the same type that you speculate with, and with shorting if the collateral is of the other type). Of course it is the speculation, when it comes to pure money, *because there is nothing else*

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 00:12:25
/r/btc/comments/gryle5/why_not_spread_bitcoin_cash_to_canada/fs1ywos/

If you meet people you suspect can have an immediate advantage My win for yesterday was a new servant at my regular cafe He was new, it turned out he was from Peru. I said I come to this place almost every day, and I always give a tip, and if he wanted the tip in Bitcoin Cash I would double it. Then I pulled up my phone, started with the Play Store icon, and searched for bitcoin.com, and showed him the app he needed. Install that, and you are done. "Yes I will talk to the boss..." - No no, you don't need to ask the boss, you have your phone just there... Next thing was to tell him to click the "receive button". Another notch in the stock of my gun.

Commented by /u/ErdoganTalk in /r/btc on May 28, 2020 00:05:58
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1xh6x/

> Sorry, but that's utterly ridiculous It happens in almost all markets. It does not have to be formal contracts with a stop loss, re my last line above. Of course it can happen more if someone considers the volume of speculative contracts is high (people working with the largest exchanges can know) and trigger the cascade if they can. This is basic stuff

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 23:50:24
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1tw0s/

A possible explanation of flash crashes, is margin contracts \*), because those always have a limit to how much the bet can go against the speculator before he is "stopped out", this amplifies the effect of the price move and can lead to a chain of failure of contracts with slightly more safety. *This is normal*, and it has to be like that as long as people do speculate. *) but also people making decisions without leverage, when they have certain limits in their minds for them to take action on.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 23:12:40
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1tdrx/

> sometimes coins even go up when something bad happens because bots buy when they notice increased social media activity There is a conscious mind behind every bot

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 23:07:27
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1t9lf/

Correct, arbitrage bots and daytraders do not move the market. It is individuals who change their minds concerning how much they want to hold.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 23:06:16
/r/btc/comments/grvwal/podcast_signal_watch_and_pay_protocol_swap_for/fs1qd67/

The SWaP protocol by Vin Armani, link from article: https://medium.com/@vinarmani/signal-watch-and-pay-protocol-toward-a-censorship-resistant-economy-on-bitcoin-cash-83593abe14ae

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 22:37:01
/r/btc/comments/grxj5u/where_are_private_keys_for_mixed_bitcoin_cash/fs1pude/

They are stored in the wallet the same way as all other coins. All keys are derived from the seed, look up hierarchical deterministic wallet.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 22:31:55
/r/btc/comments/grl4sh/avalanche_has_no_place_in_a_bitcoin_based_system/fs1cnka/

> Why worry about it, Avalanche has been discussed for two years and the total progress is 0. Why this campaign now? No new breakthrough recently. That's my worry.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 20:27:06
/r/btc/comments/grl4sh/avalanche_has_no_place_in_a_bitcoin_based_system/fs1chds/

> Here you go. The troll-farm begun their fud. We shall see who are the sheep and who aren't. A psycho just turning around and reusing the oppositions words. Empty barrels.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 20:25:31
/r/btc/comments/grlife/tobias_ruck_there_it_is_the_new_httpbecash/fs1c304/

Must be Ludwig von Mises's picture on the card

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 20:21:51
/r/btc/comments/grtbft/its_not_about_the_tech_yet_gavin_andresen/fs1at9n/

The market works well. It comprises all people, and of course not everybody understands money, technology or even want to. But these people are in all markets, so no big deal.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 20:10:10
/r/btc/comments/grn1d1/the_killer_app_opportunity_for_bch_at_the_moment/fs0v94j/

> And the IFP. But not in bsv! Dump the trash in the competing coin (you could take avalanche, no prob)

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:52:43
/r/btc/comments/grpxue/does_bitcoin_cash_still_have_hard_forks_twice_a/fs0tl5i/

> One of the conflicts has been over how fast the block size limit should be increased from it's current 32MB. I don't think this is a big deal, everybody wants giga-gigs

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:39:04
/r/btc/comments/grq8s1/facebook_libra_wallet_rebrands_as_novi_bitcoincom/fs0t4e7/

My guess is the wallet, now Novi, will be an integrated payments tool just like paytm, with low focus on crypto, if any

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:35:15
/r/btc/comments/grsc4u/now_how_do_you_expect_everyone_to_use_btc_if_you/fs0rsdd/

Ok, let me reformulate: You created a link post, where you changed the title from the linked content to something else. I did not notice you did not post the linked content, my bad.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:24:29
/r/btc/comments/grpxue/does_bitcoin_cash_still_have_hard_forks_twice_a/fs0rgeh/

> why not look back over a 6 month period We don't want to look back. https://www.reddit.com/r/btc/comments/grl4sh/avalanche_has_no_place_in_a_bitcoin_based_system/ > the problem comes because the power to write to the ledger is backward looking, unlike Nakamoto consensus which keeps no state as to who gets to decide.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:21:48
/r/btc/comments/grsc4u/now_how_do_you_expect_everyone_to_use_btc_if_you/fs0q8wg/

> Now how do you expect everyone to use BTC if you only have a limit of 4 TPS? Good question, but it was a different title when you posted in err bitcoin

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 17:12:02
/r/btc/comments/grq0sv/the_discrepancy_between_btcs_hashrate_and_price/fs0myi6/

It isn't better, except the two coins can not have the same speed (it creates postive feedback, like a microphone screaming if it can hear the speackers). Since there are multiple coins now, both coins, Bitcoin and Bitcoin Cash, take advantage of this difference in adjustment speed. See the front page of fork.lol, the reward evens out. Even better on the reward page, you see the lowering of reward for both coins at the Bitcoin halving.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:45:17
/r/btc/comments/grjnqd/the_mysterious_entity_that_caused_the_bitcoin/fs0mqr5/

No mystery, the demand pressure to get transactions included, explains it. Only so many transactions goes into the chain. The price rises until it is too high for some people.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:43:33
/r/btc/comments/grl4sh/avalanche_has_no_place_in_a_bitcoin_based_system/fs0latk/

> Require proof of executed work (which Satoshi or Adam Back invented) You are a very kind old gentleman!

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:32:09
/r/btc/comments/grl4sh/avalanche_has_no_place_in_a_bitcoin_based_system/fs0kvpx/

> the problem comes because the power to write to the ledger is backward looking, unlike Nakamoto consensus which keeps no state as to who gets to decide. +1

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:28:50
/r/btc/comments/grlife/tobias_ruck_there_it_is_the_new_httpbecash/fs0jo5u/

> too much like bcash Stealing a known name that has been all over the net for years - glitters!

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:19:10
/r/btc/comments/grlife/tobias_ruck_there_it_is_the_new_httpbecash/fs0jj55/

Glad to see progress!

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:18:03
/r/btc/comments/grq0sv/the_discrepancy_between_btcs_hashrate_and_price/fs0hv1q/

Bitcoin Cash has a moving average over one day, Bitcoin fixed period average over two weeks. Ours is a bit too quick with the current prices, but works all right over the long run, currently 6.08 blocks/h over the week, Bitcoin 5.18 blocks/h over the last week https://fork.lol/blocks/time

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 16:04:25
/r/btc/comments/grq0sv/the_discrepancy_between_btcs_hashrate_and_price/fs0ds9t/

This is balanced by our quicker reacting difficulty adjustment, so it is in fact not relevant. Both coins give approximately the same reward.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 15:31:49
/r/btc/comments/grpxue/does_bitcoin_cash_still_have_hard_forks_twice_a/fs0djne/

Take into account that the conflicts are partly created by sound money haters, or crypto haters, haters of sound money for the world.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 15:29:55
/r/btc/comments/grpxue/does_bitcoin_cash_still_have_hard_forks_twice_a/fs0de6u/

We prefer to call it upgrades, but when shit like the IFP can happen ... it makes even me nervous.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 15:28:43
/r/btc/comments/grq0sv/the_discrepancy_between_btcs_hashrate_and_price/fs0d4p7/

It does not make me suspicious, but I had expected a more severe drop. Today, the target date for next difficulty adjustment changed from two weeks (one week already passed) to one week. In one day! Still the reward is down almost to half. I think miners still invest, countering the turning off of older equipment, hoping the coins they will earn in the future will be more valueable.

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 15:26:38
/r/btc/comments/gr2oy0/what_is_avalanche_i_feel_like_there_is_a_lack_of/frymrog/

Is there? Does it orphan nonconforming blocks?

Commented by /u/ErdoganTalk in /r/btc on May 27, 2020 05:00:27
/r/btc/comments/gr2oy0/what_is_avalanche_i_feel_like_there_is_a_lack_of/frxd6g7/

If they want, they can let people deposit, trade immediately, and hold back withdrawal until the deposit has confirmed to a suitable debt. But they would have to gurantee to the buyer, so they would have to take a risk of price changes. If they want, they can do it. Some are ok with 1 conf, others 2. That is not safe either. Businesses are conservative with risk, and they look at the competition. I would not be surprised if it comes. Anyway 0-conf is real, and the risk is small for most receivers of coins. It depends on their business. It is a risk evaluation. And the risk is far lower for bch. Get over it.

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 19:59:53
/r/btc/comments/gr2oy0/what_is_avalanche_i_feel_like_there_is_a_lack_of/frxb0b2/

> Pls show me an exchange that accepts 0-conf. They can, if they want

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 19:39:47
/r/btc/comments/gr71m3/why_isnt_the_bitcoincom_wallet_opensource_yet/frx3pzn/

Can not be free software, stallman style. Use Electron Cash as an alternative, there is a phone version which works well enough

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 18:34:45
/r/btc/comments/gr2oy0/what_is_avalanche_i_feel_like_there_is_a_lack_of/frwn6lv/

awarenness? Nobody knows how it can work

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 16:17:02
/r/btc/comments/gqy9e8/question_about_cashshuffle_1_address_shuffled/frw4dgv/

Don't forget we have CashFusion too

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 13:46:14
/r/btc/comments/gqvg99/paypal_sees_a_rise_in_older_generations_trying/frv7a69/

Hehe.. Satoshi set it back the first 14 years all by himself

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 08:59:30
/r/btc/comments/gqkvcv/tobias_it_would_be_a_big_engineering_task/fruv3x7/

> Unless Avalanche gains the power to state that the proof of work for an alternative chain which contains otherwise only valid transactions is fundamentally invalid because it violates previous historical pollings.. unless it can do that, it simply can't provide certainty as to transaction finality. Essential

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 06:08:41
/r/btc/comments/gqqtgn/if_we_want_to_flip_btc_we_really_need_to_do/fruu9bw/

This starts to look like an attack on bch

Commented by /u/ErdoganTalk in /r/btc on May 26, 2020 05:54:33
/r/btc/comments/gqkvcv/tobias_it_would_be_a_big_engineering_task/frtf0wa/

> -~$2 million project. george, is that you?

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 19:23:05
/r/btc/comments/gqlfdl/lol/frtdwmr/

what does it mean, what does it mean, why do I always say things four times, why do I always say things four times

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 19:12:08
/r/btc/comments/gqlfgj/lol/frtdutz/

what does it mean, what does it mean, why do I always say things twice, why do I always say things twice

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 19:11:40
/r/btc/comments/gqhnxl/bcash_vs_bitcoin_help/frtddhc/

Yeah, when I searched that to find the reference, I read it again, and those two points - Adaptive Block Size, I like to think that we have unlimited blocks already, and a wrongly named main implementation (abc Adjustable Blocksize Cap) - MANKIND SCALE is the goal, not the road Otherwise: - Faster Block Propagation already invented and included in other implementations - Merklix-Metadata Tree, I don't have the technical cojones to know what it is and how it can help, but AFAIK it is already invented. - UTXO set commitments - piece of cake, suggested in the wihitepaper, can be done when needed

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 19:07:00
/r/btc/comments/gqkvcv/tobias_it_would_be_a_big_engineering_task/frtced7/

Why not tell us what they intend to build, before *they* start to fight over it?

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 18:57:37
/r/btc/comments/gqkdli/for_those_who_support_bch_can_you_debate_this/frtb410/

> So you had two choices – either wait longer for your transaction to be processed – or pay a higher fee to get it processed faster. Not everybody can get it processed faster, even if they don't care about higher fees, because then the fees will increase until people start to care and you have only a blocks worth of transactions left on the highest fee tranche. They don't want to talk about this in the Bitcoin safespaces (everywhere except here) It is so tiresome to write everything twice. It is so exhausting to write everything twice

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 18:45:28
/r/btc/comments/gqkvcv/tobias_it_would_be_a_big_engineering_task/frtakwj/

Can we have a detailed proposal before you include me in the some people group - I want to know to which degree it fucks up the essential proof of work principle. Or is it important for you to win this fight before the thing is defined?

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 18:40:32
/r/btc/comments/gqkdpr/for_those_who_support_bch_can_you_debate_this/frt9uv6/

> So you had two choices – either wait longer for your transaction to be processed – or pay a higher fee to get it processed faster. Not everybody can get it processed faster, even if they don't care about higher fees, because then the fees will increase until people start to care and you have only a blocks worth of transactions left on the highest fee tranche. They don't want to talk about this in the Bitcoin safespaces (everywhere except here)

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 18:33:42
/r/btc/comments/gqgh6c/half_a_dollar_worth_of_fees_on_ethereum/frt8php/

It works, you can get them on https://sideshift.ai/bch/usdh

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 18:22:56
/r/btc/comments/gqiqet/whats_wrong_with_the_bitcoin_sub/frt631x/

Hail btc, the future of money!

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:58:42
/r/btc/comments/gqjoap/the_btc_miners_are_not_so_willing_to_take_trans/frt4vpm/

> (Though FWIW, no blocks have been under 1MB either). All right, it is a bug in https://explorer.bitcoin.com/btc Downvote post and continue with your lives, everybody

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:47:51
/r/btc/comments/gqhgz5/accepting_bitcoin_as_a_us_business/frt4c3h/

You can avoid a lot of the hassle with using a payment processor like bitpay. then you concern yourself only with dollar amounts. Of course there is a small cost, and if you want coins on the private, you have to buy them separately. If your business is very small, you can do the dollar conversions yourself and trade them with yourself on the private. The tax man doesn't need to know that you do it, he sees only the dollars on the books.

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:43:01
/r/btc/comments/gqhnxl/bcash_vs_bitcoin_help/frt3n39/

> Part of the community believe that if they hit a limit, they can just implement offchain solutions. I believe this to be a mistake, basically because: > > It being recognized as a mistake will likely not happen before chain have become too large and unwieldy. > > Lol you are describing BTC

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:36:50
/r/btc/comments/gqhnxl/bcash_vs_bitcoin_help/frt333x/

For world scale, some software work needs to be done, and you will need hefty hardware. For the free market, it is not necessary that everybody does it, only that anybody can do it, and that will continue to be true. Most important: Nothing needs to be invented for world scale, we only need to implement the already invented scaling stuff from the roadmap, https://www.bitcoincash.org/roadmap.html

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:31:53
/r/btc/comments/gqionn/bitcoin_cash_can_help_to_defeat_aging/frt2ibo/

It can walk your dog too!

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:26:46
/r/btc/comments/gq7vh1/what_feature_or_service_of_bch_do_you_use_the_most/frt1lxw/

It is nice and simple, takes BCH, receiver gets his talktime after 2 conf

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:18:47
/r/btc/comments/gq8419/craig_steven_wright_is_a_liar_and_a_fraud_he/frt0ldt/

Bitcoin Cash, sound money for everybody on the globe! Coming from OG'er

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 17:09:50
/r/btc/comments/gq8419/craig_steven_wright_is_a_liar_and_a_fraud_he/frszdth/

Yep for the first address, 50 coins on each of the three chains

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 16:59:11
/r/btc/comments/gq8419/craig_steven_wright_is_a_liar_and_a_fraud_he/frsz1xo/

Which keys he used is essential

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 16:56:16
/r/btc/comments/gq8419/craig_steven_wright_is_a_liar_and_a_fraud_he/frsyshv/

From /u/paskapilluperse > my bet is on that Craig will just write on slack how he made that message to deceive non-believers Adrian-X > For all we know it's CSW lying to people and he does control the key. Here we go!

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 16:53:59
/r/btc/comments/gqelaz/newb_question/frsilqa/

This works only with Bitcoin Cash, but the glory is you can trade the instance you send the deposit transaction, and you can withdraw coins (when buying) the instance the escrow is released. local.bitcoin.com person to person bitcoin cash marketplace https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 14:31:52
/r/btc/comments/gqc9mg/shitpost_is_bitcoin_getting_stupider/frs7r24/

> in a safe space. hmmmm

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 12:59:15
/r/btc/comments/gpxm0x/blockstream_tries_to_hide_the_fact_that_liquid/frrb11v/

A custodial service to move btc

Commented by /u/ErdoganTalk in /r/btc on May 25, 2020 07:02:07
/r/btc/comments/gpz71l/living_in_a_rigged_system/frpyi46/

And... the sound money must be in the hands of everybody, and only Bitcoin Cash BCH can supply the needed capacity.

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 20:23:03
/r/btc/comments/gptesu/not_okay/froty3p/

/u/Egon_1 can you explain this?

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 14:35:37
/r/btc/comments/gp0w2d/please_enlighten_me_what_is_the_point_of_the/frnf3y6/

When the block size hit the limit, the market cap also hit the limit. I don't know how statistically correct the correlation is. But it is not against common sense. Hitting the roof on transactions, means hitting the roof of users - all users want to make a transaction once in a while. With a block size limit, it means no more users. The market cap can only rise if existing users gets larger balances (or new users with large balances replace users with smaller balances).

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 07:50:30
/r/btc/comments/gphv6v/couldnt_we_end_this_bch_vs_bsv_thing_with_one/frn7ska/

It is one of the few indicators we have of popularity, in the sense of themand to have a balance. All users need to have a balance. It does not sho users directly, because some users have very small balances. The number is comparable among the most relevant bitcoin types, since the coin number, inflation plan and distribution method is the same.

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 06:49:29
/r/btc/comments/gp9qca/whats_the_maximum_block_size_the_bch_network_can/frn5yqt/

There is no special limit

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 06:33:58
/r/btc/comments/gpm3up/this_is_exactly_how_the_future_would_play_out/frmrowo/

Many think sound money for the world is impossible, but I didn't know Hal Finney was one of them.

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 04:52:15
/r/btc/comments/gpkyf7/a_hypothetical_question_about_btc_and_bch/frmrihs/

Yes you were the one who noticed, I didn't bother to look back

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 04:50:48
/r/btc/comments/gpkyf7/a_hypothetical_question_about_btc_and_bch/frmq9ll/

From the anti crypto btc gang, as noticed yesterday: Anything but bch

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 04:38:37
/r/btc/comments/gpglye/ava_vs_bch_in_what_ways_do_you_think_ava_is/frm9rh7/

Repeating the questions, even when properly replied to, in the hope of destracting the respondee, and fooling the onlookers into thinking that the question was not in fact answered.

Commented by /u/ErdoganTalk in /r/btc on May 24, 2020 00:34:45
/r/btc/comments/gpglye/ava_vs_bch_in_what_ways_do_you_think_ava_is/frm4v2b/

I am only interested in proof of work coins, I think it is the essence of the invention that made bitcoin possible.

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 23:37:01
/r/btc/comments/gpglye/ava_vs_bch_in_what_ways_do_you_think_ava_is/frm4jqr/

Propaganda and desinformation is a big part of it

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 23:33:30
/r/btc/comments/gphv6v/couldnt_we_end_this_bch_vs_bsv_thing_with_one/frm2jym/

> I also think that it's not a terrible idea to lock down the protocol and abandon the hard forks every 6 months. If an upgrade is truly needed, then it should be proposed for a hard fork far in the future (years), so that we ensure all nodes have upgraded. I agree with this point too. The market does not like these disturbances.

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 23:11:04
/r/btc/comments/gphv6v/couldnt_we_end_this_bch_vs_bsv_thing_with_one/frm25vj/

I agree, I am of the opinion that the block size is already unlimited this way for BCH. But we have this single impleplementation, and the code is law mantra that lingers. So effectively, we have a single implementation, and whatever is in there defines the coin. It is not completely true, but it will be difficult for someone to not make another implementation "bug compatible" I don't know how this could be fixed.

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 23:06:47
/r/btc/comments/gpav3n/the_new_bitcoincom_wallet_isquite_different/frkva9t/

> any good open source bch wallet for android left... Electron Cash for the phone is actually usable, quick enough, but it is not the most user friendly.

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 16:02:07
/r/btc/comments/gp1c46/now_its_time_to_promote_bch_as_the_real_bitcoin/frjegaf/

Yeah, let's destroy any promotional meme we have /s

Commented by /u/ErdoganTalk in /r/btc on May 23, 2020 06:25:40
/r/btc/comments/gow4js/how_long_does_cash_shuffle_take/frii12c/

Did you not get any the last hour?

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 22:29:47
/r/btc/comments/gow4js/how_long_does_cash_shuffle_take/frigy7u/

Currently there are not many shufflers. You can see what happens in the "Fusions" window. Ahh - 6 shuffles since you posted! A shuffle takes a few minutes including waiting for other fusers. But several can go on simultaneously. My suggestion is to just leave the wallet with shuffling on.

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 22:18:01
/r/btc/comments/gor5pd/how_would_bch_handle_the_current_level_of_btc/frhtvcv/

You will see soon, it can be done, and with ease. And it will turn some minds.

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 18:28:45
/r/btc/comments/gopcg7/bitcoin_has_a_laundering_money_system_built_right/frhfc97/

> bitcoin fees are burned That's not burning

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 16:21:21
/r/btc/comments/go5cuc/btc_mempool_has_not_cleared_for_over_a_week_and/frfrehh/

> You don't have an agenda to promote by any chance? Known for ages, he is a troll

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 07:02:47
/r/btc/comments/gnfgmc/mining_difficulty/frfr7fj/

Good site to see what happens: https://fork.lol/pow/hashrate

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 06:59:40
/r/btc/comments/goa1bv/im_not_only_an_investor_in_bitcoin_cash_but_i_see/frfjtx8/

True, the same. The most important way to support Bitcoin Cash BCH during hard times.

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 04:55:12
/r/btc/comments/gocxwj/just_do_it_dont_let_your_dreams_be_dreams/frfhp4z/

It is a medium of exchange including exchange over time. So when you use bitcoin cash to facilitate a busines where you sell someting one day, and buy something the other day - you toss the value in the garbage on day one, then pluck some new value from a tree and attach it to the coins immediately before the second trade - because the value can not be stored. I get what you mean - I think

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 04:19:19
/r/btc/comments/gocxwj/just_do_it_dont_let_your_dreams_be_dreams/frfhnvc/

It is a medium of exchange including exchange over time. So when you use bitcoin cash to facilitate a busines where you sell someting one day, and buy something the other day - you toss the value in the garbage on day one, then pluck some new value from a tree and attach it to the coins immediately before the second trade - because the value can not be stored. I get what you mean - I think

Commented by /u/ErdoganTalk in /r/btc on May 22, 2020 04:18:43
/r/btc/comments/go5cuc/btc_mempool_has_not_cleared_for_over_a_week_and/fre9pbi/

Maybe they don't care, but that only means the fees will rise to a level where they do care. The reason is simple: Constrained capacity, any new demand to transact means the price will rise to a level where someone cares, and are forced by fees to leave Bitcoin BTC. It is not magic. Constrained capacity means higher price, if the demand is above the current volume and current price. We knew this since 5 years ago, suckers!

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 19:43:58
/r/btc/comments/go6868/can_we_create_an_slp_token_pegged_to_the_price_of/fre7vsi/

It was done with USDH, so it can be done for BTC with SLP on the bitcoin cash blockchain in a similar way.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 19:26:56
/r/btc/comments/go6bn5/what_happens_if_a_btc_transaction_has_rbf/fre7knd/

> What happens if a BTC transaction has RBF disabled and it's sent with the minimum fee? In short: Nothing!

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 19:24:05
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre6wxf/

Well I have used it with success, but I struggle with for instance Lebanon, a place in dire need because everybodys money is locked in the bank accounts an can probably not be withdrawn before the whole thing goes to shitters. I have done it with success in Czech Republic (paper cash!) and in Kenya, with mobile money. If i wanted to change anything, from the organic (non)focus, it would be what they do in North Queensland, Australia, to focus the effort on the local network - so if you have a vendor like a café, and some customers, focus on the suppliers to that cafe. But still it is nonsensical to whine about others, any enthusiast can do this work.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 19:18:01
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre3ogs/

The rate of adoption is good enough, seen over for instance 5 years, evening out the crazy top of jan 2018. What was the price, 800? Don't remember. What would happen if we got to a million per coin in 2 weeks? Millions of people feeling left out, just because they think and act slightly slower than others. In fact even with the slower uptake of 2x to 4x per year, some people feel left out, either rightfully or because they can not be bothered to inform themself. All of this has happened organically, by people having a special need, and they found crypto could satisfy it.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 18:49:02
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre2g5t/

Jeezus man, now maybe, or you think. It has been gambling, paying of allegedly illegal substances, porn, evasion of AMA, virtual private networks, now maybe remittances, in a year maybe something else. Whatever is advantageous to someone. If you see it, and the person in need doesn't know about the coin, tell him.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 18:38:03
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre1ygm/

Look you are wasting your own time by criticising others for something they don't do instead of doing it yourself. If you know what is needed and BCH can supply, tell the people you meet that has that need, thus expanding the network by one. If you can find a way to introduce hundreds, even better.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 18:33:43
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre1fkr/

Absolutely not. Refer to my other comment, the trader in the receiving country can wait for one confirmation of the smart contract involved, but normally does not bother. The speed limit is your ability to type quickly, not the confirmation time. A trade can be done in a minute if both traders are agile. https://www.reddit.com/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre0sfz/

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 18:29:05
/r/btc/comments/go0h7n/why_bitcoin_cash_needs_to_target_the_689_billion/fre0sfz/

BCH targets itself organically towards that market. In fact local.bitcoin.com is a useful tool, you can send an amount to your thai grandmother, who has never used a computer or a smartphone, by selling some coins to a random person in that country and specify that the money be paid to a named person, by bank, mobile money or even cash delivered with a boy on a scooter. (obviously you have to specify that it goes to another person before you enter a trade, and that you rely on feedback from the actual receiver of fiat before you can release coins from escrow). And yes it works, I know, because I have done it. The marketing people believe that you need millions to inform, and steer and influence the public into using a product. That can be true for a new hair shampo, but we already have a good product, it is sound money, easily transferrable over borders. It sells itself, by word of mouth, and we have had doubling of number of users every year if you take the birds view. So use the coins, tell others, for any usecase you can think of that is advantageous for your friend right now. It is enough. Extortion, threats, racketeering to fund a campaign (champaign) is not necessary.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 18:23:29
/r/btc/comments/go5cuc/btc_mempool_has_not_cleared_for_over_a_week_and/frdxf13/

3 days ago, the miners just tasted the 2 sat/B transactions. The market learns, we have not seen ballooning prices, instead we have seen important transactions paying a higher fees than necessary, and they do also when the pressure is lower, because the pressure can come back any moment. The market has not forgotten the crazy times of Jan 2018, and they are still learning. To be learned these days, is that 1 or 2 sat/B transactions are not only delayed, but can fall out of the mempool after 2 weeks. So the "low fee, can wait", transactions can not be 1 or 2 sat/B, they have to pay slightly more, pushing out some usecases that depend on the lowest fee segment. This is not to say that the fee market doesn't work, it does work. Since the capacity is constrained to about 1.4MB per block, the fee required rises to a level where the pressure from transaction demand subsides. In other words, some users are pushed out.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 17:54:12
/r/btc/comments/go5pfb/bitcoincom_wallet_seed_phrase_problem/frdwdh8/

> he entered the seed phrase he had written down into a wallet that does coin splitting, and his BTC balance showed up, not his BCH balance... When he uses the seed phrase in a BTC wallet like Electrum, he will see only the BTC coins. To see the BCH coins, he needs to do the same in Electron Cash, which is a BCH wallet starting out with the Electrum code and modified for Bitcoin Cash. Since default address derivation path for Bitcoin Cash is different, he needs to specify the path to be like that for BTC. Likewise with BSV, he needs to use ElectrumSV the same way, and specifying the derivation path. Then it is important to remember that BTC has replay protection against BCH and BSV, so his BTC is safe, he can spend those safely. But there is no replay protection between BCH and BSV. So he needs to find out a suitable way to split them, there are many ways, but until he is sure the coins are separated such that a payment in BCH will not be a payment in BSV also, it is best to pay to himself in the beginning. It is too complicated of course, but this is how it is, and it will not change in the foreseeable future.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 17:45:09
/r/btc/comments/go3ble/bitcoin_cash_poll_results_and_the_negative/frdormb/

Bitcoin, at the time of the split, was mostly ok, except for the capacity which was nonsensically constrained by regarding the blocksize as essential. It could have been sound money for the world, but "for the world" was taken away with this irrational dragging of feet, which turned out to be a decision. So that is what we need Bitcoin Cash BCH to be, sound money for the world. Any suggestion which tries to derail that, will get hard resistance. It is not a question of being friends, or paying for public relations, or developers, or a foundation, or anything like that. Sound money for the world, what we want, everything else is "because we can", but can not be allowed to derail the project from that divine goal.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 16:40:40
/r/btc/comments/gnfgmc/mining_difficulty/frdm9lh/

The hashrate was not much affected in earlier halvings, two possible reasons: The development in mining efficiency was high and changing fast, and there was only one coin to mine with that equipment. Now the development has subsided a bit, as we have reached the smallest mask size for the asics, and we have 2 other coins, where the hashpower could vacate to just after btc halving until reward rebalance. But not much happened, bitcoin soldiers on. The high fees comes from this (slightly) but I think mostly from increased demand to transact, from new interest in crypto and specially Bitcoin. No reason it should affect the value, but the publicity and the wide market belief that it does, makes it so. The value is speculative, in my opinion totally, as opposed to gold which has a small component real value. The price depends on all actors, including those not it the know. So we in the know (yeah, arrogant, I know) have to take that into account in our own speculation.

Commented by /u/ErdoganTalk in /r/btc on May 21, 2020 16:19:39
/r/Iraq/comments/gmtokn/treasury_nearly_empty_says_iraqi_pm_kadhimi/fr9tjn1/

Take it from everybodys savings in under mattress money, bank deposits, life insurances and pensions - by debasing the money. /s

Commented by /u/ErdoganTalk in /r/Iraq on May 20, 2020 15:37:14
/r/btc/comments/gnfgmc/mining_difficulty/fr9izz0/

It dropped only 6%, the first half of the period included in the formula was before the halving, and less hashrate then some expected, disappeared. Block rate is currently only slightly lower than it should be, so after the next adjustment, it should be back to the usual (which is a block rate slightly higher than 6/h)

Commented by /u/ErdoganTalk in /r/btc on May 20, 2020 14:13:36
/r/btc/comments/gmtlfc/does_avalanch_consensus_algorithm_replace_proof/fr5rsc6/

The specification is not in, but if the new protocol requires orphaning of non conforming blocks, it is a dent in the pow principle. It doesn't replace it totally.

Commented by /u/ErdoganTalk in /r/btc on May 19, 2020 14:39:36
/r/lebanon/comments/gmaku0/any_chance_we_will_spend_this_summer_without/fr5rfzq/

> The important question is if you did it from Lebanon. No

Commented by /u/ErdoganTalk in /r/lebanon on May 19, 2020 14:36:49
/r/lebanon/comments/gmaku0/any_chance_we_will_spend_this_summer_without/fr4fda2/

I bought such, but from South Africa a while ago, you need to get the price from someone who can sell.

Commented by /u/ErdoganTalk in /r/lebanon on May 19, 2020 07:07:37
/r/btc/comments/gmdn3v/could_the_flippening_happen_during_the_next_23/fr3cxba/

Is the transactional capacity limitation of btc of any importance, you think?

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:18:37
/r/btc/comments/gmc84j/i_see_some_3_4_5_and_6/fr3c544/

Up to you. The one you used now is 2 years. You could start telling us why you use more than one account.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:10:39
/r/btc/comments/gmcwfu/idea_paypalme_but_for_bitcoin_cash_bch_sender/fr3brqb/

Why not get yourself a wallet, buy coins with the methods available to you, then donate. We don't need a special service for ... everything. In fact, we want you to get your own wallet.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:06:55
/r/btc/comments/gmdn3v/could_the_flippening_happen_during_the_next_23/fr3bj9n/

Always looking in the mirror

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:04:33
/r/btc/comments/gmdn3v/could_the_flippening_happen_during_the_next_23/fr3bfpr/

Ahh they have plans. but I am not convinced they can deliver them with success.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:03:33
/r/btc/comments/gmdt2t/bakkt_grows_client_base_for_custody_service_and/fr3b49u/

These things take eons. Good luck, if you want it or need it.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 22:00:23
/r/btc/comments/gmem30/i_took_2_hits_of_acid_and_read_through_these/fr3axbl/

What did you see, female forms? I get you.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 21:58:29
/r/lebanon/comments/gmdgod/you_guys_are_really_slow/fr39kqy/

My post was deleted, what the fuck are you up to? Reconsidering, I can't be bothered.

Commented by /u/ErdoganTalk in /r/lebanon on May 18, 2020 21:45:16
/r/btc/comments/gmecww/how_can_ethereum_and_bitcoin_grow_together_and/fr35ztg/

Ethereum has a lot of interesting stuff, we compete only on the sound money part. But we do compete. With high fees in btc, people seem to flock to eth, naturally, since it is the second most popular coin. I am not convinced eth is the perfect sound money for the world, their plans for the future seems a bit cloudy, from a sound money for the world point of view.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 21:10:40
/r/btc/comments/gmc84j/i_see_some_3_4_5_and_6/fr35k82/

My impression

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 21:06:32
/r/btc/comments/glwk92/gold_as_store_of_value/fr35j0n/

The exchanges don't really count, they have to be extra careful because they are targeted by scammers. Citing myself: I would not recommend accepting the coins for trading until it is confirmed, the same with ATMs and money games. It is still unconfirmed and not final. But it is good enough for person to person trading, for buying in physical shops, and for internet shops where they send physical stuff, and for nonphysical stuff like music if it is a small amount each time.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 21:06:11
/r/btc/comments/glwk92/gold_as_store_of_value/fr31l0o/

BCH covers both, you don't need all of gold, silver and copper

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 20:28:23
/r/lebanon/comments/gmaku0/any_chance_we_will_spend_this_summer_without/fr306zi/

4 batteries each 260 Ah, 4 of the largest solar panels, and a 5kW inverter works splendidly, it can keep everything going round the clock, except heating, kitchen stove and the geysir. But it will set you back about 3000 USD

Commented by /u/ErdoganTalk in /r/lebanon on May 18, 2020 20:15:16
/r/lebanon/comments/gmdgod/you_guys_are_really_slow/fr2ynnu/

fiat money disappearing in a black hole, still not interested in crypto

Commented by /u/ErdoganTalk in /r/lebanon on May 18, 2020 20:00:41
/r/btc/comments/gm7wsu/bcore_average_fee_550_now/fr2xhti/

Christ, it is true

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:50:03
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2wh3u/

Not your keys, not your coins. From core. And it's true.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:40:45
/r/btc/comments/gmc84j/i_see_some_3_4_5_and_6/fr2uvy0/

Do you think it is trojan horses?

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:25:54
/r/btc/comments/gmcrkl/bitcoin_block_generation_speed_falls_to_2017_lows/fr2urhl/

So what? The hashrate is only slightly down from the 140-ish top. The block rate is down due to the halving.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:24:44
/r/btc/comments/glvdnx/leaked_emails_between_john_dillon_peter_todd/fr2t78r/

> cointelpro-style agent. found another one!

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:10:23
/r/btc/comments/glvdnx/leaked_emails_between_john_dillon_peter_todd/fr2sxrv/

There is only one reason the interest is low, and that is the fact that the number of units increases. The "signal rate" is just that, a signal saying that the fed will increase the number of units. If they didn't increase the number of units, the market would see to it that the interest rate increased.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:07:56
/r/btc/comments/glu3kp/many_textbooks_say_that_money_has_several/fr2seiy/

> because people still want to exchange value through it, since enabling value exchange is literally the only function a cryptocurrency performs. You went off the list of analogies here... people want to hold it because other people will want to hold it in the future (would be the same as the house and stock analogy)

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 19:03:01
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2rw2o/

Nothing of this is true or relevant.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:58:23
/r/btc/comments/gm7wsu/bcore_average_fee_550_now/fr2qrys/

Where do you get that number, it seems to be on the high side

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:48:37
/r/btc/comments/gm5s3p/interesting_increase_block_size_limit_it_can_be/fr2qmtq/

Fuck those people who delete their comments when downvoted

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:47:21
/r/btc/comments/glwk92/gold_as_store_of_value/fr2qex2/

another thing

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:45:22
/r/btc/comments/glwk92/gold_as_store_of_value/fr2qedh/

one thing

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:45:14
/r/btc/comments/glwk92/gold_as_store_of_value/fr2qbb2/

Hold a little gold, listen to peter schiff! (I mean it, the power and the internet can go away, with socialism which we have now, an economy planned and directed by the fed and the politicians, can lead to a shortage of sand in sahara).

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:44:28
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2pkfi/

Your coin is fucked up with segwit, sorry.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:37:55
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2picl/

> Dan Held He held some coins in the past /joke

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:37:24
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2pec8/

They hate sound money for the world.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:36:25
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2pb46/

> You dont want small transactions on the main chain it will become WAY too big in the future. You want second level solutions like LN. Problem is, they don't have a second layer solution that works well in practice. But even if they had, it is not necessary for the next few billion users, and we (bch proponents) are going to prove it.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:35:38
/r/btc/comments/gm2r7i/never_forget_the_future_that_was_stolen_from_you/fr2p0g2/

Transactional capacity is fixed at 1.4MB per block. Any demand for transactions will increase the fee price, which is market driven. The number of users are therefore maxed out, the only hope for the value increase is that the users they *can* accomodate are larger holders. They can not get new users holding just a few dollars worth.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 18:33:02
/r/btc/comments/gm7flp/final_poll_would_you_stay_with_bch_if_in_two/fr2gvb5/

What a question. We can not degrade to the level of BSV, that is impossible. It's a cult, led by a lying and stealing narcissist. We are not near that level.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 17:24:19
/r/btc/comments/gm7ruy/btc_coin_fee_the_price_of_a_buttermilk_crispy/fr2g89c/

The fees must start to bite now

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 17:19:08
/r/btc/comments/gm7sit/the_us_will_never_pay_back_its_debts_the_market/fr2fy29/

They need an excuse like corona, if the public swallows it they can start a new fiat system. They will probably try to start a bunch of commodity backed money (except gold), oil, wheat, whatever. Tried a hundred times, never worked. Then they will try to start a new, global fiat system. We will see, they might succed. Only one of a million understands the fiat system and the debasement, that it is a specially evil tax on the commoners (Adam Smith).

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 17:16:47
/r/btc/comments/gm7t0z/from_buenos_aires_to_beirut_covid19_excuse/fr2fds6/

Exuse, correct. The country is broke, and the country can't help the banks with suspenders. Probably, the deposit money is gone, all of it, let's see.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 17:12:04
/r/btc/comments/gm93e8/bitcoins_volatility_myth_and_reality/fr2etb5/

> Bitcoin protocol has not changed since its inception.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 17:07:17
/r/btc/comments/glrk9n/will_you_stay_with_bch_if_protocol_development/fr1rpvi/

I would not recommend accepting the coins for trading until it is confirmed, the same with ATMs and money games. It is still unconfirmed and not final. But it is good enough for person to person trading, for buying in physical shops, and for internet shops where they send physical stuff, and for nonphysical stuff like music if it is a small amount each time.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 14:00:10
/r/btc/comments/glwk92/gold_as_store_of_value/fr1qblm/

true, but I don't think such a suit rose 38% last year, I don't know. What you compare to is important, the dollar is just a choice, you could compare it to suits. The point is, it is a store of value, independent of volatility, that goes for all money.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 13:48:59
/r/btc/comments/glwk92/gold_as_store_of_value/fr1q073/

If you buy and leave it on an account, you don't know, there is the custodial risk. But when you buy a coin and hold it in your hand, you do know, it is like having btc or bch in your own wallet.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 13:46:26
/r/btc/comments/glx3rv/vitalik_buterin_for_the_last_week_ethereum_tx_fee/fr0s0le/

> How big is the blockchain? Unlimited

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 08:34:31
/r/btc/comments/gm01wf/dont_roll_your_own_consensus_algorithm_and_the/fr0rfjw/

Well written, exactly to the point, no noise

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 08:27:10
/r/btc/comments/glz89l/btc_high_fees_is_inflation_erosion_of_purchasing/fr0nwlf/

wtf no, there is no inflational effect because someone pay the fees.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 07:39:14
/r/btc/comments/glz9ii/the_average_block_time_after_the_halving_now_sits/fr0nqtc/

Nothing, it takes the block time back to 10 min

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 07:36:59
/r/btc/comments/glq8f2/with_ifp_defeated_bitcoin_abc_viabtc_coinex_ceo/fr0lpzn/

Well I don't agree, the reason the cartel can not do much is that they can not enforce it, government style. They have members not complying, and outsiders gaining on any price increase the cartel can achieve. There was the oil embargo in the seventies, but at the time a lot of crazy things happened in the middle east, I don't think you can give opec the full credit for it. Obviously there is no consensus about it, I rely on the general principles for cartels in the market (no government support).

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 07:06:50
/r/btc/comments/glxf4k/latest_update_on_storm_bch_community_really_does/fr0k925/

From many of your comments, I believe you are not a supporter, but I can not prove it of course.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 06:43:37
/r/btc/comments/glthcp/there_are_currently_36_million_worth_of_btc_on/fr0ifxy/

I don't like burning coins, it is something spiritual.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 06:13:45
/r/btc/comments/gly9qg/the_state_of_readcash/fr0i0mm/

Let them experiment to improve the site. I think it is useful, and can be more popular.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 06:06:28
/r/btc/comments/glxf4k/latest_update_on_storm_bch_community_really_does/fr0hva2/

> This was actually a joke post. wtf

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 06:03:51
/r/btc/comments/glxf4k/latest_update_on_storm_bch_community_really_does/fr0htjd/

> anything You are delusional, or worse.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 06:02:59
/r/btc/comments/glthcp/there_are_currently_36_million_worth_of_btc_on/fr0gxyd/

I don't know how it is done for that token, but in my opinion it is not possible to lock a coin from another chain in a contract, if there is real backing (there a Bitcoin for every tBTC), it has to be custodial.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 05:47:51
/r/btc/comments/glxf4k/latest_update_on_storm_bch_community_really_does/fr0gne8/

> Why the rush? Exactly What we have is slightly better than Bitcoin for small payments, maybe not better than Ethers, that can be discussed, but far better than any legacy system for payments. It is a question of finality of the payment. Note that everybody considers one confirmation to be final these days, while originally it was six. We can probably do with less hashpower in the future, if we win. So there is in fact no rush. It can be discussed if we need to to anything, at least if we have to compromise on the essential features to achieve it.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 05:42:53
/r/btc/comments/glxf4k/latest_update_on_storm_bch_community_really_does/fr0bzae/

So what happened to the choice "none of them"

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:24:47
/r/btc/comments/glxg5g/where_are_the_retards_of_this_sub_saying_fees_are/fr0bxb2/

Personally I don't care about the fees, it is still cheaper than some international bank transfers, the problem is really the constrained capacity.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:23:53
/r/btc/comments/glu3kp/many_textbooks_say_that_money_has_several/fr0bq9z/

Yes, but I think the intrinsic value of gold (can be used in electronic...) is only a small part of the value of gold, the main point of the intrinsic value for gold is only that if it should lose its money value (has not happenened in 5000 years), the effect would be that people would not throw it away. But otherwise, I agree, the easy transactability is our best sales point beside the static amount of coins existing.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:20:49
/r/btc/comments/glthcp/there_are_currently_36_million_worth_of_btc_on/fr0azw5/

There is another solution out there, backing is done with algorithmic trading, so the risk of the value deviating from btc is transferred to speculators who are set to earn on betting on the actual value. The whole thing could be done with futures contracts, but it is smart to create a form of speculation that totally shields the coin users from that hassle.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:09:14
/r/btc/comments/glwq2s/the_us_just_destroyed_a_potential_dollar_rivalis/fr0apxn/

> Is Bitcoin Next Not if we can hold on to the original principles of bitcoin, which is randomness, hashing, signatures and the free market governing it.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:04:54
/r/btc/comments/glwq2s/the_us_just_destroyed_a_potential_dollar_rivalis/fr0agp9/

> Following a long-running battle with the U.S. Securities and Exchange Commission (SEC), Telegram walked away from its blockchain-based Telegram Open Network (TON) and its native cryptocurrency, gram.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 04:00:53
/r/btc/comments/glx3rv/vitalik_buterin_for_the_last_week_ethereum_tx_fee/fr0adkd/

So he likes high fees too. Good to know.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:59:32
/r/btc/comments/glu3kp/many_textbooks_say_that_money_has_several/fr0aa5l/

> It cannot be a store of value unless it can be exchanged for something else of value. That's true, the value must be transferrable, or liquid, and it normally is, since the value is so general, because it is unreal. So I could go with the normal compromize: Store of value and medium of exchange, but I prefer the store of value that also is liquid.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:58:03
/r/btc/comments/glq8f2/with_ifp_defeated_bitcoin_abc_viabtc_coinex_ceo/fr09py5/

Agreed, they could do something, but looking back, they could not really control the prices.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:49:18
/r/btc/comments/glrk9n/will_you_stay_with_bch_if_protocol_development/fr095vv/

You really want to say "IFP - or stagnation". This is not the choice. We have plenty software.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:40:45
/r/btc/comments/gls0ca/would_avalanche_work_with_proof_of_work/fr08zp3/

If the protocol includes invalidating blocks not conforming to the avalanche rules, it means that reliance of proof of work is diminished. But nothing is decided, or nothing is proposed with a wide consensus yet.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:38:07
/r/btc/comments/glthcp/there_are_currently_36_million_worth_of_btc_on/fr08ojt/

They have basically created a stablecoin as an ethereum token, this one stabilized to BTC.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:33:25
/r/btc/comments/glu3kp/many_textbooks_say_that_money_has_several/fr07xbe/

Have to disagree with Rothbard here: There is only one function, and that is the store of value. If not, every three way trade would have to be done with all three present. Worse, everybody in the market would have to do their preparations, then someone would shout now! and all prepared trades immediately effected. That's why he also moderates himself a bit, and says *it can be stored to serve as a medium in the future as well as the present* He wanted to separate the main function, but that would be the store of value. He should have had a cup of coffe before he wrote what he did.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:21:43
/r/btc/comments/glo3v0/btc_vs_bch/fr073nc/

> Ah didn't know it grew Limited only by nature.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 03:09:19
/r/btc/comments/glo3v0/btc_vs_bch/fr05tay/

All this cost stuff is a distraction. Millions of people can run such a node in their home for just the reason of why? -because i want!. For the professional miners, the cost of building, verifying, transmitting and storing blocks is fairly small, and nothing compared to the cost of the current hashing. Some people have made calculations, the essence is that this system is cheaper than any current system for transfering fiat with bank accounts and cards and such. All users do not need to do it, just a sufficient number, obviously the miners, and some large companies, some interested institutions, and some individuals.

Commented by /u/ErdoganTalk in /r/btc on May 18, 2020 02:50:30
/r/btc/comments/glo3v0/btc_vs_bch/fqypenz/

> Like I said before, it can still function as a store of value Yes, but not for many more people than those already using it. Each user can hold a larger value, so there is still more potential for increased coin price. > One thing that BTC has over BCH is hashrate This is a function of the block reward, which is (subsidy+fees)* coin value. Coin value is crucial for the reward and therefore hashrate. The BCH capacity is 32 MB per block right now, a limitation in software. No invention is needed to make it larger, people regularly transfer videos the size of gigabytes.

Commented by /u/ErdoganTalk in /r/btc on May 17, 2020 17:52:44
/r/btc/comments/gl7cvd/have_there_been_discussions_to_make_the_ifp/fqxr650/

https://www.reddit.com/r/btc/comments/gl7cvd/have_there_been_discussions_to_make_the_ifp/fqx7xzj/

Commented by /u/ErdoganTalk in /r/btc on May 17, 2020 13:29:48
/r/btc/comments/gl7cvd/have_there_been_discussions_to_make_the_ifp/fqxfhfv/

He has a spokesperson now

Commented by /u/ErdoganTalk in /r/btc on May 17, 2020 12:04:34
/r/btc/comments/gl7cvd/have_there_been_discussions_to_make_the_ifp/fqwe5ab/

I agree, when you take the money from the money printing, you step over a line.

Commented by /u/ErdoganTalk in /r/btc on May 17, 2020 03:40:12
/r/btc/comments/gklmcy/bch_is_already_a_better_method_of_payment_than/fqrw4pl/

I don't mind, only that pointing to those money transfer services for fiat is a distraction. Even if we can transfer remotely, safer than any other method, the service companies like paypal may add some value, like consumer protection. Some people like the reversibility, and we do not supply that in our base system.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 21:39:17
/r/btc/comments/gklmcy/bch_is_already_a_better_method_of_payment_than/fqrv80z/

We don't compete with paypal, we compete with the dollar and the other fiats. If someone wants to offer a paypal like service transferring bitcoin cash, they are welcome.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 21:30:09
/r/btc/comments/gkhxa9/reminder_btc_wants_high_fees_its_a_feature_for/fqruohl/

We offer a new money system, Bitcoin Cash BCH (for everybody), sound money which is good for saving, borderless, no questions asked, easily protected and hidden, quick, cheap and reliable transactions, non custodial, teleportable, unstoppable, cash.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 21:24:38
/r/btc/comments/gkfyk1/after_the_ama_george_donnelly_says_its/fqrtp1h/

You are a salesperson, hired to put Amaurys points forward, in a typical soft, harmless way, the way of a public relation person. There is no point in discussing with you, because you don't have your own opinion.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 21:14:41
/r/btc/comments/gkbm1q/this_is_in_the_same_field_as_rbitcoin_censorship/fqroxsc/

The desinformation, twisting of words, irrational arguments combined with suppression of alternative views makes it hard to think, and you will probably not be able to see the point of sound money for yourself and everybody in the world.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 20:26:53
/r/btc/comments/gkhxa9/reminder_btc_wants_high_fees_its_a_feature_for/fqroh7q/

> BCH'h actual competitors are google pay, apple pay, paypal, credit cards, stable coins, and a gazillion cryptocurrencies. The dollar and other fiats is the competition

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 20:22:17
/r/btc/comments/gkiicw/update_and_plans_bch_house_of_pakistan/fqrmx68/

Trust in the cointype yes, but the site is very safe to use if the fiat consideration is with a nonreversible payment method like bank transfer or mobile money, and the whole country is the market. A city limitation is only necessary for cash in meeting.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 20:06:50
/r/btc/comments/gkiicw/update_and_plans_bch_house_of_pakistan/fqrm3wk/

I see 10 buyers and over 100 sellers in pakistan (but only one buyer who actually had trades). Looks like it is ready to take off!

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:58:46
/r/btc/comments/gkj6jd/bitpay_not_loading_bch_on_card/fqrlnjp/

Until it was stable, I guess it is stable now, no chainsplit in sight.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:54:24
/r/btc/comments/gkiicw/update_and_plans_bch_house_of_pakistan/fqrlk2a/

I understand, but it is still a good method, especially if you have access to mobile money. Why not initiate a couple of trades, and put up some offers for yourself, to promote it.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:53:27
/r/btc/comments/gkj6jd/bitpay_not_loading_bch_on_card/fqrl8fk/

Some exchanges/service proclaimed a pause in connection with the upgrade, they were probably scared of a possible chainsplit. Don't know if bitpay was one of them

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:50:19
/r/btc/comments/gkhxa9/reminder_btc_wants_high_fees_its_a_feature_for/fqrku4r/

All that is fine, but for every rational argument, and for the occational overenthusiastic bch plug, there is a hundred bch bashing comments from the btc crowd all over the net. We can not just lie down and take it.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:46:28
/r/btc/comments/gkiicw/update_and_plans_bch_house_of_pakistan/fqrkgaq/

> Another problem I need to solve is giving them access to buy BCH in my country which is a challenge, The regularities are in process, and in a month or two Govt will release the law about cryptocurrencies making it White instead of Grey state that they are in. But for that I should have an exchange platform ready which will take a month or two to build and seeing eagerness of people I am certain this will be a great business in my country. Look into local.bitcoin.com, it works in all countries and due to how it is constructed, it does not need government approval. See my https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 19:42:42
/r/btc/comments/gk6ef1/high_btc_fees_mean_your_privacy_is_compromised/fqrfmzp/

I was banned from r buttcoin, so this is basically the only place for me

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 18:56:44
/r/btc/comments/gket3r/how_to_upgrade_your_bitcoin_cash_node_with/fqrcae9/

> You do realize he is not talking about BCHN? So why did he write it, to confuse?

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 18:26:13
/r/btc/comments/gkfyk1/after_the_ama_george_donnelly_says_its/fqrbpx5/

Sorry, some of us know, and you are just a serf

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 18:21:17
/r/btc/comments/gkgs8h/quetion_about_the_21_million_supply/fqr7add/

The general answer is that there is always enough money, the reason is that it is not something real, it can not be eaten. What happens is that the new people get less in number, but higher in value.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 17:42:05
/r/btc/comments/gkgrg6/question_would_it_be_possible_to_create_a_smart/fqr65va/

Yes, it is as simple as creating an SLP token, then managing the creation and initial distribution of the tokens.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 17:32:03
/r/btc/comments/gkh0i9/crypto_wallet_on_synology_nas/fqr5e1p/

The storage is not really a problem with a modern wallet, it is basically a single secret, randomly created, number. A very secure and at the same time practical way, is to install a wallet app on your phone, backing up the mentioned secret number to a piece of paper which you hide in a safe place.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 17:25:08
/r/btc/comments/gkb7hv/i_love_btc/fqqw95k/

More users leads to higher price, or the same number of users wanting to hold more. Think about it.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 16:04:50
/r/btc/comments/gkc8e2/question_about_bch_price/fqqw290/

Let the high fees in BTC do its work, and when we have a rising coin price again, it is easier to recruit new people.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 16:03:10
/r/btc/comments/gkegwh/stuck_transaction/fqqvtk9/

> Yeah it was a transaction sent from my wallet to my exchange account wallet. I see the problem, it is stuck, you can not trade, until it is resolved. Well at least now you know what to do or not to do. By the way, we split out Bitcoin Cash BCH to alleviate this problem that the BTC developers artificially created. It is lower popularity and lower value for the time being, but it could be smart to at least look into it.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 16:01:04
/r/btc/comments/gkegwh/stuck_transaction/fqqustk/

You can, but since you send to yourself, you can also just wait, the transaction will eventually either be included in a block, or removed from the pool of unconfirmed transactions, in which case they will show up in your sending wallet again. But if you need the transaction to be confirmed for some reason, you can do the child pays for parent thing. With your own wallet, do you mean a custodial wallet like one on an exchange?

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:52:21
/r/btc/comments/gkc4cu/i_wonder_if_btc_will_reach_10k/fqquawy/

I think it will, because the value comes from the aggregated demand to hold, that is to want to have a certain amount for a certain price, and even if they can not have any more transacting users, the users they can have can increase their demand.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:48:05
/r/btc/comments/gkc8e2/question_about_bch_price/fqqu202/

The constrained capacity of BTC, will force newly interested people to use other coins. ETH has the advantage for now, since it is the second most popular coins. But eventually it will be BCH, because our coin is designed and constantly improved with regards capacity, to be sound money for everybody in the world.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:45:59
/r/btc/comments/gkd9s1/bch_all_time_low_vs_btc_some_questions_from_a/fqqs7cq/

The two coins, BTC and BCH, are almost the same, the main difference is that BCH has plenty transactional capacity, while BTC is constrained. The value depends on the aggregate demand to hold, that is people want to have some, for an certain price. There is not much more than popularity to decide that. But there is no more room in BTC for new users, popularity does not matter for that. So new users have to go elsewhere. Then, make your own speculation.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:30:09
/r/btc/comments/gke7su/btc_magnets/fqqrnzy/

hodling is for people who understands bitcoin

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:25:34
/r/btc/comments/gkegwh/stuck_transaction/fqqq5ao/

CPFC is creating a new transaction, with the output from the first, with a fee so good that the miners will be entused to confirm both. The receiver of the funds can do it, but if there is a change output from the transaction, that is under your control and you can spend it with a high fee, for instance above 2 standard fees (a standard fee is currently USD 4.07). Next question is to find that output. If you can't, you can always spend everything in your wallet, because you can just send it to yourself. But the wallet could contain more than one output, so it is best to check. If you can use Electrum, you can select an output and spend that. If it is another wallet, see if you can create an Electrum wallet with the same seed (not transfering to Electrum, but importing the seed, effectively recreating the same wallet).

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:12:33
/r/btc/comments/gket3r/how_to_upgrade_your_bitcoin_cash_node_with/fqqpc5m/

Easier to sneak in some crazy code that way.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:05:41
/r/btc/comments/gketfp/harry_potter_author_jk_rowling_i_dont_understand/fqqp6ps/

A lazy girl with fascination for the magic. Say it is magic, she will appreciate it. And it will be true.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:04:26
/r/btc/comments/gk7v6d/censorship/fqqp06o/

Obviously you didn't read my arguments

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 15:02:54
/r/btc/comments/gk8fk4/even_if_everyone_is_ready_to_pay_the_premium_to/fqqlths/

BCH is unlimited by design, but still limited to what contemporary software and hardware can handle. The capacity is higher than that of BTC. I hope you understand what capacity is, not every troll does, they think it is the price, or popularity, or the slope of the value curve.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 14:36:08
/r/btc/comments/gk7v6d/censorship/fqqlbwo/

I other words, with an argument that could be presented here

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 14:32:05
/r/btc/comments/gk8no9/first_transaction_i_guess_using_op_reversebytes/fqpk5a8/

https://www.quora.com/A-man-a-plan-a-canal-Panama-Who-is-the-man?share=1 Reversebytes - glorious

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 09:11:42
/r/btc/comments/gk7axb/rbitcoin_making_fun_of_us/fqphdqa/

Even if everyone is ready to pay the premium, everyone can't transact. This fact is hidden in the mainstream

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 08:40:45
/r/btc/comments/gk7znm/bitcoin_cash_network_upgrade_is_almost_complete_4/fqpgfm6/

You found that image on https://cash.coin.dance/

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 08:29:12
/r/btc/comments/gk7tcn/question_about_transaction/fqpfu9s/

$5 in two outputs means it is unspendable with a normal fee of 6-7 USD, you can try to set the fee to 1 sat/B. Still the transaction will be slightly less than twice the size of a normal one since you spend two outputs, so with minimum fee it would cost 400 sats which is 3.8 cents today. We made Bitcoin Cash BCH for this reason, it is like BTC without the artificial capacity constraint, and some other advantageus omissions and additions.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 08:21:48
/r/btc/comments/gk6xir/how_to_run_bitcoincom_wallet_in_ubuntu/fqpd33w/

I found something in the file, but no readme file

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 07:44:32
/r/btc/comments/gk4ewv/its_fusion_friday/fqpcpyt/

> default in EC? Don't know about the first question, but the test version of Electron Cash with CashFusion is out there, with an appimage version for linux which can be installed just as easy as any other upgrade. So it is easy to get in with the test.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 07:39:15
/r/btc/comments/gk6390/craig_wright_promised_to_crash_the_bitcoin_price/fqpbboo/

I think he can do it for BSV, by stealing satoshis coins.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 07:18:11
/r/btc/comments/gk6xir/how_to_run_bitcoincom_wallet_in_ubuntu/fqpazhw/

Near the bottom of the page https://wallet.bitcoin.com/ you find the Linux offering. It is a tar.gz file I did not find the installation instructions in fact.

Commented by /u/ErdoganTalk in /r/btc on May 15, 2020 07:12:55
/r/btc/comments/gjrzaa/hi_everyone_will_there_be_any_major_privacy/fqmq6mz/

CashFusion is a big deal

Commented by /u/ErdoganTalk in /r/btc on May 14, 2020 14:41:02
/r/btc/comments/giwais/where_did_the_tx_fees_tab_go_is_there_an_end_to/fqjjt3l/

Whatever reason, you can't blame the site for being anti-BCH. And it has been up for nearly 3 years now, carefully maintained by trippysalmon. This is good work, and very useful.

Commented by /u/ErdoganTalk in /r/btc on May 13, 2020 19:02:31
/r/btc/comments/giv24o/this_is_what_avalanche_can_do_bitcoin_cash_had_a/fqjix5b/

It's not only about funding. I don't like avalanche, the part where dissenting blocks get orphaned. I like hashpower, and I don't care too much if there is disagreement on which of two conflicting transactions gets included.

Commented by /u/ErdoganTalk in /r/btc on May 13, 2020 18:56:25
/r/btc/comments/gj2vkk/recovering_1_btc_from_bitcoincom_ios_wallet_after/fqi3e4i/

First try the rescan: Enter the wallet, enter "Options" (upper right 3 dots), enter "wallet information", "Scan for missing transactions"

Commented by /u/ErdoganTalk in /r/btc on May 13, 2020 13:01:16
/r/btc/comments/giylw2/p2p_money_and_onchain_transactions/fqi32iu/

It is a problem, there are quite a lot of things that people will prefer in stead of the straigthforward Ligthning, which make things not fully noncustodial.

Commented by /u/ErdoganTalk in /r/btc on May 13, 2020 12:57:40
/r/btc/comments/giylw2/p2p_money_and_onchain_transactions/fqhgnks/

Lightning is trustless, that is if you disregard some fringe cases. We dismiss Lightning only because it is not very practical. And BTC itself does not have more capacity, it is exhausted with the current number of users.

Commented by /u/ErdoganTalk in /r/btc on May 13, 2020 09:29:55
/r/btc/comments/ghzjpc/will_someone_sell_me_10_in_btc/fqbshtk/

Try this, it is about one BTC fee, and play.

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 20:24:12
/r/btc/comments/ghzjpc/will_someone_sell_me_10_in_btc/fqbqtfp/

2 of those 5 dollars goes away in transaction fee. When you spend later, you need to pay another fee of 2, or who knows maybe all of it goes in fees, so your coin is unspendable, locked in the system forever, unmovable. Go for BCH instead and buy on local.bitcoin.com

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 20:08:56
/r/btc/comments/ghn3ij/i_need_advices_for_giving_advices/fqaajds/

seconded. More info: https://read.cash/@ErdoganTalk/let-me-tell-you-how-the-modern-trading-site-localbitcoincom-works-9a7e40cb

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 12:48:52
/r/btc/comments/ghoc2k/bitcoin_has_outperformed_other_asset_classes_in/fqaaatt/

It's money my friend, money.

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 12:46:51
/r/btc/comments/ghjdof/my_bitcoincom_app_keeps_crashing_when_i_try_to/fq9d259/

For casual readers: the "Bitcoin Wallet from Bitcoin.com" app for the Android smartphone, runs perfectly for almost everybody, quick to install, quick to open, does not use excessive cpu, network or battery, and it is easy to use for beginners and other users.

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 06:49:31
/r/btc/comments/ggzlj3/importance_of_localbitcoincom/fq9cmic/

You have to be aware of that, your bank account might look suspicious from a KYC point of view if you trade too much. Spread on different accounts and mobile money if you have access to that

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 06:42:06
/r/btc/comments/gh5dtt/charlies_take_on_nya_and_why_miners_flipped_from/fq9bplf/

When everybody use segwit, the rebate has no effect.

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 06:26:21
/r/btc/comments/ghkcxp/imagine_there_is_an_initiative_to_fund_the/fq9a055/

What you call gaming the DAA, and I don't, will come down a bit after BTC halving

Commented by /u/ErdoganTalk in /r/btc on May 11, 2020 05:56:38
/r/btc/comments/ggzlj3/importance_of_localbitcoincom/fq5mthk/

It is a great site, I use it a lot

Commented by /u/ErdoganTalk in /r/btc on May 10, 2020 07:47:07
/r/btc/comments/ggt9qx/bitcoincomwallet_has_anyone_heard_of_this_wallet/fq5fvt0/

"Bitcoin Wallet from Bitcoin.com" In Google Play Store, search for Bitcoin.com, then it comes out on top Icon is a black B where the upper half is covered in green.

Commented by /u/ErdoganTalk in /r/btc on May 10, 2020 05:43:48
/r/btc/comments/gfqt9d/localbitcoins_no_transactions_appear/fpzomtz/

The only reason it can be not useful in your country, is low liquidity. Fix it by setting up an offer to buy or sell. There are always ten lurkers for every doer.

Commented by /u/ErdoganTalk in /r/btc on May 9, 2020 06:48:11
/r/btc/comments/gfzm7o/its_fusion_friday/fpzhfk6/

I tried it, and it works as advertised. With the appimage (on linux) it is just as easy as installing any other version. Start the app, click on the fusion symbol to start fusing.

Commented by /u/ErdoganTalk in /r/btc on May 9, 2020 05:58:15
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fpwy943/

it is back to two again, Bitcoin.com and easy2mine, the third one, SBI Crypto disappeared.

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 17:09:26
/r/btc/comments/gfzzlr/5_factors_that_drive_bitcoin_price_above_10000/fpww41v/

These factors could be combined into one. Did you know? An old programming trick haha. See https://www.reddit.com/r/btc/comments/gfxuk7/tether_is_the_new_willy_bot_the_crypto_industry/fpwplsy/

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:50:49
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fpwujex/

They, miners who like BTC and are our enemies (not all), but who sometimes do chain hopping,

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:37:05
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fpwu4y1/

Are you certain that the 15th of May is the end of voting? AFAIK (but that is not very far haha) voting goes on after 15th of May, so it can be activated until the next upgrade in 6 months. At that point, a new version could be attempted, and the abc implementation has a kill switch, so everybody have to upgrade. If I am mistaken, I would appreciate to be corrected from someone who knows.

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:33:39
/r/btc/comments/gg0c2s/literally_everything_in_bch_ecosystem_is/fpwrgz3/

Agree, we had periods in bitcoin just like this, back in the day; everything increased, venues, users, public awareness, search, transaction count... except the price. But the price increase came, just a bit later. Possible reasons: New users are small, they just dip their toes in the beginning, they start to understand, but do not feel totally safe. Months later, they decide to rebalance and have a substantial amount of their money savings in bitcoin. BCH, because BTC does not have room for new users. (okey, some choose ethers for now)

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:10:23
/r/btc/comments/gfxuk7/tether_is_the_new_willy_bot_the_crypto_industry/fpwqv28/

See what I just wrote. What you say is wrong. Me: > ..., but who cares about that

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:05:03
/r/btc/comments/gfxuk7/tether_is_the_new_willy_bot_the_crypto_industry/fpwqppo/

> Didn't Karpeles admit to coding the Willy bot at one point? It was internal, we know that because sometimes the exchange was not reachable, but the willy bot continued. It was the only trader on the exchange, and we could see that on bitcointicker.co

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 16:03:44
/r/btc/comments/gfxuk7/tether_is_the_new_willy_bot_the_crypto_industry/fpwplsy/

> The problem is this: with Tether you are trusting Bitfinex. An argument that supports a different proposition. The willy bot was internal to mtgox, and it bought coins with nonexisting dollars, a fraud. Tether is just a dollar substitute, safe or not, practical to use for btc/usd arbitrage, and if you want to do exchange hopping in the far east. Since a price increase of tether is out of the question, extra demand for tether can only create more tethers. Many tethers means only there is an increased demand for tethers, it has nothing to do with the value of BTC or any other coin.

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 15:54:15
/r/btc/comments/gfud6z/buy_holding_btc/fpwoii7/

Before 2017, it really was that simple, it was a question of holding on if it temporarily went down, we knew it would rise again. Now it is not that simple, because BTC has artificially constrained transactional capacity, which makes it impossible to onboard new (at least active) users, necessary for the network effect and the basis for increasing value. That is why we created Bitcoin Cash BCH. But to recommend it for speculation just makes me a fool right now, I prefer to stay low key until BCH has succeeded (so why did I say it...)

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 15:44:48
/r/btc/comments/gfwfd3/finally_opened_account_on_readcash_and_made_first/fpwmfhb/

Look into memo.cash. It is the website, but the short messages at least are on chain, and in theory you can have another website operating on the same data

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 15:27:09
/r/btc/comments/gfxg9p/if_you_believe_btc_will_bring_freedom_to_the/fpwluse/

Unlimited Explanation: We have no artifical constraints, unlike BTC. Any limit is from the nature. We already have full node implementations that can handle hundreds of megabytes per block, but not the currently most used implementation with miners, abc. Btw it turns out that large blocks with many segwit transactions are slow to verify in BTC. Who would have guessed (/s)?

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 15:22:20
/r/btc/comments/gfxuk7/tether_is_the_new_willy_bot_the_crypto_industry/fpwi9ph/

I don't agree, but who cares about that

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 14:52:04
/r/btc/comments/gfrc7m/the_problem_with_segwit_noone_talks_about/fpv9di3/

Mycelium use a change address of the same type as the payee address, eliminating exactly that problem.

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 07:58:56
/r/btc/comments/gfj24k/bitcoin_price_touches_10k_amid_2020s/fpv95y9/

They manipulate it, but it is still the market which responds

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 07:56:01
/r/btc/comments/gfj24k/bitcoin_price_touches_10k_amid_2020s/fpurhzz/

Hey what's wrong with the crypto prices, why is it not the market?

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 03:01:07
/r/btc/comments/gfi2d5/10k/fpuqumz/

Numbers go up

Commented by /u/ErdoganTalk in /r/btc on May 8, 2020 02:51:17
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fprspj3/

AFAIK it starts one of these days, but continues after the upgrade by 15th of may if not activated in the first period.

Commented by /u/ErdoganTalk in /r/btc on May 7, 2020 10:21:32
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fpr8ph1/

We don't know yet what the miners will say, or if there will be a split.

Commented by /u/ErdoganTalk in /r/btc on May 7, 2020 06:14:08
/r/btc/comments/gf2im5/a_brand_new_ifp_proposal_development_funding/fpr2q5l/

Even while obviously sarcastic, you need to mark it so! Proof: The slightliy larger (/s) system of dollars operates this way, and 7 billion investors are happy about it and believe it is the way to go

Commented by /u/ErdoganTalk in /r/btc on May 7, 2020 04:31:27
/r/btc/comments/ges4r7/over_20_network_hash_changed_their_miner_software/fpr0zr6/

It's a risk, it could be one reason for the current low BCH/BTC ratio

Commented by /u/ErdoganTalk in /r/btc on May 7, 2020 04:02:55
/r/btc/comments/gexey5/electron_cash_password/fpqyqt0/

Create a new wallet within Electron Cash, using the seed you have, and when it comes to password, set another, or no password. Not certain that it works, the different wallet softwares use a password also as a seed extension, if so you need that in addition to the seed to recreate it. Otherwise they could use the password to encrypt the wallet and use it as a pay protection. I would try, unless you know exactly how it works.

Commented by /u/ErdoganTalk in /r/btc on May 7, 2020 03:26:46
/r/btc/comments/getosu/71_hash_rate_in_china_now/fpplbhg/

You don't need to spin it either way. Mining will be in places where the business conditions for mining are best, and the users transacting coins, can be anywhere. With changes in prices and regulatory pressure, mining moves timely to other places with better conditions. This is how it is supposed to be.

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 18:33:20
/r/btc/comments/geqhgz/adoption_and_deflation_chicken_and_egg/fpp3nof/

> What do the endorsers of Bitcoin Cash think about the deflationary nature? Standard answer for sound money, which is sometimes increasing in value: A trade always has two parties, that goes also for individuals buying in a mall. If one party would delay buying, the other party would rush to sell, don't you think? The result is a different market price, but the volume of sales should not be affected.

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 16:03:13
/r/btc/comments/geli5u/over_20_of_the_network_has_upgraded_in/fpp04hy/

Since this is a repeat post from a possible fifth columnist, I repeat my previous comment: The roadmap feature he speaks about, rushed into the de facto main implementation, without community discussion, after the agreed feature freeze, in and underhanded, treacherous way, I describe as a straw sucking from the coinbase, making the coin unsound in the sense that some people get new coins for nothing, in the style of fiat. The block subsidy, a part of the block reward, in addition to securing the chain until enough paying transactions came about, was for the fair distribution of coins, every person who wanted coins, could either buy them on the market, or mine them for a cost approximating the market price. Someone plans to fuck up this important trait of bitcoin. The code was smuggled in, underhandedly, and we are not safe yet.

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 15:33:59
/r/btc/comments/gekiu6/does_an_exchange_give_an_option_to_automatically/fpozeh6/

Also note, the exchange might stop you out not based on the most recent trade, but the depth of the order book below. You need to read and reread the details.

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 15:28:05
/r/btc/comments/geli5u/over_20_of_the_network_has_upgraded_in/fpoz245/

The poisoned version

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 15:25:18
/r/btc/comments/geof7h/imagine_if_children_criticised_every_little_thing/fpotyv9/

Can you also imagine the neighbours kids doing that?

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 14:43:39
/r/btc/comments/gepgzi/time_for_another_stress_test/fpottn3/

I think the stress test we had was a grand success.

Commented by /u/ErdoganTalk in /r/btc on May 6, 2020 14:42:28
/r/btc/comments/gdtik9/the_20192020_bitcoin_cash_infrastructure_funding/fpjk49c/

The plan is more correctly described as a straw in the coinbase, making the coin unsound (in the sense that some people get new coins for nothing, in the style of fiat). The code was smuggled in, underhandedly, and we are not safe yet.

Commented by /u/ErdoganTalk in /r/btc on May 5, 2020 05:38:32
/r/btc/comments/gdtik9/the_20192020_bitcoin_cash_infrastructure_funding/fpjk0ou/

https://cash.coin.dance/blocks

Commented by /u/ErdoganTalk in /r/btc on May 5, 2020 05:36:44
/r/btc/comments/gdgfzy/if_blockstream_is_a_forprofit_company_that_is/fphjmhl/

How about destroying *your* money

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 16:00:34
/r/btc/comments/gdgfzy/if_blockstream_is_a_forprofit_company_that_is/fphghfi/

I don't think making a profit is the investors' main concern.

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 15:34:23
/r/btc/comments/gd6yir/price_per_tx_after_halving/fphfwor/

I think the greatest difference is that then there was only one coin, and the decision of miners was only the speculation of future value. If I recall, there was no special problems, the speculation on future price on the part of the miners evened out the change, both before and after the actual halvings.

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 15:29:30
/r/btc/comments/gd786w/twentyone_percent/fph7io6/

easy2mine, SBI Crypto, and Bitcoin.com

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 14:18:58
/r/btc/comments/gdez93/sadly_after_nearly_3_years_bitcoin_network_effect/fph4kge/

Sure, but then I wonder why you write one thing in the title, and something else inside the article

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 13:54:12
/r/btc/comments/gdez93/sadly_after_nearly_3_years_bitcoin_network_effect/fph3z5m/

The network effect is the main avenue for increasing the usage, more users spawn more users. Your title indicates that it is useless, the article basically says the network effect is small, which can be agreed, it is always too small, for the reason it is a network effect - usage increases due to usage. Then you say we ride on BTC's network effect in BCH, which is also true, when new users come into the crypto world, of course they will go to the one which is the gratest by many measures, including usage (number of users is difficult to find). Then you suggest we have focused too much on merchant adoption, here I don't aggree, it is important, as well as adoption among normal users who spend on those places, and if someone wants to work with vendors, that is fine. I don't know what is most powerful or give most results relative to enthusiasm invested. That is up to each user to decide, how they want to spend their effort or not do anything. The rest of the article is generally pointing out how shitty our coin is, with the standard arguments from the smallblocker side, nothing much of interest. May be you think that there is nothing, so the network effect can not get started for BCH. At least you got the price first, hash follows causation right. Again, you used a bitcoin cash site to publish, you also mentioned memo. You could not do these things with your preferred coin BTC, and I can use *my* standard argument, which is not the fees, but rather *you do not have the needed transactional capacity*

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 13:49:15
/r/btc/comments/gdez93/sadly_after_nearly_3_years_bitcoin_network_effect/fph21w8/

> Did you read the article? Yes, why did you doubt it?

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 13:33:02
/r/btc/comments/gdez93/sadly_after_nearly_3_years_bitcoin_network_effect/fph1qb7/

There is nothing wrong with the network effect, and thanks to your choice of publishing your article on a bitcoin cash powered site, you just expanded it.

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 13:30:21
/r/btc/comments/gd6yir/price_per_tx_after_halving/fpfyhxz/

Could be, quite sure about the first day. But BCH difficulty will rise to match that of BTC. The big question is how much total hashrate is taken down.

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 06:31:07
/r/btc/comments/gd6yir/price_per_tx_after_halving/fpfq1ul/

Nobody knows, but there is a danger of slower block rate for BTC the first day after the halving, so depending on demand pressure for BTC transactions, we can have higher BTC fees. I expect no change for BCH fees

Commented by /u/ErdoganTalk in /r/btc on May 4, 2020 04:03:11
/r/btc/comments/gc9qlw/obtaining_bsv_from_the_bch_fork_on_a_trezor_one/fpd5d27/

With the trezor, it is simple. Just install ElectrumSV and connect the trezor. Send first the BCH to an address in the same trezor wallet with Electron Cash and sign with Schnorr signatures. Then send the BSV to yet another address in the same trezor wallet. There are also other ways then Schnorr to make sure the transaction is not replayed in the BSV chain. If you can successfully send the same to different addresses (with different transactions really), then the coins are split for the future

Commented by /u/ErdoganTalk in /r/btc on May 3, 2020 11:36:16
/r/btc/comments/gayh4l/new_method_for_stealing_money_from_lightning/fp3nzxo/

Haha early, you mean 18 months before it is supposed to be working?

Commented by /u/ErdoganTalk in /r/btc on April 30, 2020 17:38:09
/r/btc/comments/gaim9d/bitcoin_and_the_theory_of_money_robert_p_murphy/fp39ult/

> you're not suggesting that one of the leading austrian economists alive doesn't know austrian economics, are you? I didn't say that

Commented by /u/ErdoganTalk in /r/btc on April 30, 2020 15:40:05
/r/btc/comments/gaim9d/bitcoin_and_the_theory_of_money_robert_p_murphy/fp1nj29/

Too long, spans too many topics, confused about most definitions, and is unable to say in the end whether bitcoin is money or not.

Commented by /u/ErdoganTalk in /r/btc on April 30, 2020 06:15:02
/r/atomicwallet/comments/ga4pn5/bch_and_bsv_private_key/fp1mclu/

It is correct, it is an effect of the split. Your output is from before the split in November 2018 There is no branch protection built in. so you have to be careful to spend, because you can end up sending both coins at the same time. It is best to send to your own addresses until you are sure the next transaction can only be included the one chain you intend it to.

Commented by /u/ErdoganTalk in /r/atomicwallet on April 30, 2020 05:55:24
/r/btc/comments/gaslkg/173_percent_bitcoin_cash_node/fp1lysi/

632980 10 hours ago 0x20000000  ^easy2mine.com/Using BCHNG5) 961 322.40

Commented by /u/ErdoganTalk in /r/btc on April 30, 2020 05:48:59
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/fozqp6u/

The troll hunter

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 17:19:58
/r/btc/comments/g9zolf/blacklisted_from_bitcoin_sellers_that_have_us/fozc6va/

Put up your own offers as a start. You have to wait for a comer, but you get better price.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 15:23:28
/r/btc/comments/ga4fi5/what_is_the_difference_between_bch_cash_address/foz373b/

Not sure, but you can see the transaction in hex if you start a send in Electron Cash, then preview, then Copy. You can also see it in the block explorers, but you need to know the structure. Converting from hex to binary is straightforward, converting to decimal needs some work. I guess there are standard functions for it in Python, and in Common Lisp, both languages have built in large numbers. I also suspect the first q in the cashaddress is just added in the display format.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 14:11:55
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foyqk2g/

They don't pay, with expending real resources, on the coins they are forced to give to a group of people.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 12:22:17
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foyq4nr/

Notice that he takes all the good, reasoned arguments and turn them on its head, with some far fetched, sometimes wrong reasoning behind each. Every argument.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 12:18:32
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foyoswv/

I don't question the miners' decisions

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 12:06:38
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foyoo2i/

Fiat has shown that it is important

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 12:05:26
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foy0uw7/

Correct, the worry is that we can have a split, because the treacherous way the rule change is implemented, making it less risky to follow the stream. As you know, the miners do not lose any profitability, they just rebalance their effort, moving some hashpower towards other coins. The resulting split is the problem, setting the movement for sound money back yet again.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 08:13:54
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foy027l/

> Soundness has nothing to do with how the inflation is spent, no matter how many times you spam your imaginary definition. In gold, the inflation is spent by the miners, for excavators, dumpers, diesel. In bitcoin it is spent on electricity and hashing computers.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 08:03:08
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxzhxg/

The option to give away a part of the block reward, has been there, but the new rule is to take away the option, and make it mandatory.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 07:55:19
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxyzub/

To your info he is a hard core troll

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 07:48:15
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxypur/

Why wait? Anybody can do that, and some miners do. What the thiefs want, is the nonvoluntary giving away, that is why they want to orphan blocks which don't give anything away, and thus they split the chain.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 07:44:20
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxwb7r/

> What could have happened instead is that 3 biggest mining pools got together behind closed doors, agreed to extend only the chain that diverts a portion of block reward to a specific address and as long as they could build the longest POW chain it would be valid and in compliance with consensus rules. You would never bother to read my answer yourself, because you are an anti crypto troll, but for others: If they gave the money to themselves, it would make no difference, they formed a cartel which is effectively a larger miner, maybe they will have a marginally lower profit due to the cost of management. If they gave it to abc, greta thunberg, mother theresa, national health institute or for a project to turn the moons back side towards the earth, they would lose big, and go bancrupt. If they change the rules and orphan nonconforming blocks - which is really the problem - they will split the chain, the old chain without the straw in the coinbase being the better coin, and thus they will still lose. But in the process, they will have destroyed the momentum in the sound money movement, and set us years back.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 07:08:01
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxvgdq/

Incorrect, miners leave for other sha256 coins, to the degree that profitability again is on par in all the sha256 chains. The miners are important, but they don't have a federal reserve style power, they have to be profitable in the market.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 06:54:13
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxvfze/

Correct, miners leave for other sha256 coins, to the degree that profitability again is on par in all the sha256 chains. The miners are important, but they don't have a federal reserve style power, they have to be profitable in the market.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 06:54:02
/r/btc/comments/ga6g85/hey_ive_seen_the_argument_floating_around_here/foxuveq/

It takes some of the block reward, which is designed to be spent as real resources to secure the chain, the block subsidy part is supposed to support the chain in the beginning, when the coins are distributed to many users, before the fees can support it alone, and gives it to some people, who have not spent those real resources, they get the coins for free. It removes the soundness from the coin, which insures everybody can mine, and nobody gets the coins for free. It is the same soundness that gold has, and what bitcoin was designed to mimic. If this soundness does not exist, some people will take over the money system and abuse it, to the detriment of everybody else. See fiat, which was a series of frauds beginning with the gold backed paper money (where the backers were able to buy up all gold), to the classical gold standard, paper money which had partial backing, to the fiat, where the backers just proclaimed fuck the backing, take this and trust that we will not abuse it. Had people really understood where it would go in advance, nobody would ever accept the fiat, or even the classical gold standard. The real resources must be spent. By slowly boiling the frogs, some people were able to take it over. The straw in the coinbase is heating the pot from the frog lazy swimming temperature, to a few degrees above, making the frogs a bit groggy so they can not easily escape.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 06:44:46
/r/btc/comments/ga4fi5/what_is_the_difference_between_bch_cash_address/foxt8uv/

The display format. An address, which is a big number, can be displayed in both formats, and you can convert from one format to the other without changing the number. btw, you can also display it in binary, or decimal, if you prefer.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 06:18:11
/r/btc/comments/ga5rb1/15_and_climbing_fast_miners_are_preparing_for_the/foxt3xl/

I see blocks marked BCHN from SBI Crypto and from Bitcoin.com. SBI crypto has 13.19% today, 10.1 last 7 days, Bitcoin.com 6.25% today, and 4.6% last 7 days.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 06:15:56
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foxp0jd/

The more primitive definition of sound money you find on wikipedia, was somewhat ok, but what they don't want to point out, is the reason why any government can not increase the amount of gold at will. The reason is that you have to spend real resources to extract the gold from the ground, leaving the profit of the gold mine approaching the general level of profit on all types of production, clearly shown in the bitcoin mining business. If a government wanted make more gold, they would have to spend more real resources to get it, than the value of the gold they produce, which is nonsensical, so they leave it to private companies to do it efficiently. The reason they don't "print" gold, is that it does not serve the purpose of enriching the state. This is what bitcoin mimics with cryptography, randomness, and proof of work. And the economics of it - if someone wants to change that, move the system to some other place, it is nowhere and everywhere thanks to the rules. And if someone want to change the rule to their advantage, make a split, and let the market decide. We get more coins for a period of time, because a split doubles the number of coins, but then the market in choosing one coin, reduces it again. The market, not only the miners, they are only a part of the market. This is the reason we call bitcoin sound money modeled after gold.

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 05:06:52
/r/btc/comments/g9xxpr/the_campaign_to_make_bch_unsound/foxnnia/

All definitions in economics these days are fragile, also "sound money". The gold money proponents would like to call it "hard money", but they can't, because there is some flexibility in the amount of gold. In this sense, bitcoin is hard (but the gold people don't accept that either, because the possibility to start new chains and to split). With the rule to orphan noncompliant blocks, the diverstion of money to some people is enforced, except, we can start over with a new coin or a split. It doesn't matter if it is a dictator wannabe just starting to arrange people below himself in a power pyramid, or an existing government. We do have the opportunity to start again, or split, it is inside the invention of bitcoin, if you understand it as the market finding the best money type. (This point was not well understood until the event of the BCH split).

Commented by /u/ErdoganTalk in /r/btc on April 29, 2020 04:44:22
/r/btc/comments/g9srcs/update_on_the_miner_infrastructure_funding_plan/fow9csu/

There is no miner infrastructure funding plan. The miners are not affected by the plan, they just redirect their capital to serve the other sha256 coins. It is not a plan, more like a disaster setup. It is not infrastructure (capital invested by government), it is a part of the coinbase redirected to a bunch of people, programmers and public relations people, already hired by the abc team, just like in the fiat systems. The mining expense for the coin is going down proportionally. The soundness, meaning the fact that you have to spend real resources to find the yet unfound coins, is destroyed. Some people get coins for free, like what happens in the fiat systems The hashrate goes down, now being only paid by the remaining part of the block subsidy, after a random group of busybullies have sucked a percentage out of it. The implementation in abc is creepy, anything can happen, and miners can go with the nonplan due to risk. There is no guarantee we don't get it. The supporters masquerading as bch supporters, will turn on the dime after 15th of may, and launch a heavy anti bch campaign pointing out our loss of soundness. If there is a split, the loss of network effect will set us back another few years, another few years until we can have sound money for the world.

Commented by /u/ErdoganTalk in /r/btc on April 28, 2020 19:10:33
/r/btc/comments/g8xy68/i_do_love_downvoting_campains/foq742m/

Can't understand why you want to make your coins less sound

Commented by /u/ErdoganTalk in /r/btc on April 27, 2020 07:02:38
/r/btc/comments/g8226g/maybe_it_is_time_to_slow_down_a_bit_sometimes_a/fopz8xn/

> Though already mining at a loss, I would still go on spending another 5% of my mining reward You won't not according to the current trecherous coinbase extaction plan. The miners are not affected, only some chainhopping miners will disappear.

Commented by /u/ErdoganTalk in /r/btc on April 27, 2020 04:47:12
/r/btc/comments/g80pgv/btc_bch/fokq1sb/

If anything, r/btc is the BCH subreddit. r/bitcoin is the BTC subreddit. Read both and find out where you get useful info.

Commented by /u/ErdoganTalk in /r/btc on April 25, 2020 16:32:50
/r/btc/comments/g6d6em/you_think_there_are_some_people_supporting_the/fo8wrbv/

Wrong, someone is stealing from the coinbase, value that was supposed to be spent on real resources for mining And you will turn around after the fact, blaming BCH for not being sound

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 21:31:03
/r/btc/comments/g67c9g/why_bitcoin_abc_needs_your_support_now/fo8ub8u/

Get out of the way, slave, let your owner speak

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 21:06:34
/r/btc/comments/g666ar/how_many_people_are_in_support_of_raising_the/fo8qrcr/

I don't care about BTC, and a blocksize increase would mean a split. Not good, not bad, just a split. Might even be easier to sell the (non compromised by stealing from the coinbase version of) BCH.

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 20:31:54
/r/btc/comments/g65f4h/petrodollar_system_crumbles_us_dollar_could/fo82pdz/

What did Zimbabwe do to make their money go titsup?

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 16:54:08
/r/btc/comments/g666ar/how_many_people_are_in_support_of_raising_the/fo7y8i9/

You can split BTC to make a largeblock version. Then we have 4 bitcoins. And of course, split BCH by funding the fourth and least BCH node software with a theft from the coinbase, Federal Reserve style, to create the fifth bitcoin. Complete the process with monetary distancing, one cointype for each user.

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 16:16:39
/r/btc/comments/g5cbwm/store_of_value/fo7e7gz/

Swift is a message network used between banks to instruct the next bank to move some fiat money from one of their internal bank accounts to another internal bank account. I no way it resembles cryptomoney, fiat money, gold, bank money or anything money like. A messaging service it is.

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 13:33:46
/r/btc/comments/g600ku/so_what_we_have_here_is_george_donelly_claiming/fo79o2f/

Get the treacherous code out!

Commented by /u/ErdoganTalk in /r/btc on April 22, 2020 12:57:06
/r/btc/comments/g3qzqr/psa_this_is_not_how_private_property_rights_work/fnu03wo/

This "a block is private property of the miners" meme can work, but only on a high level, where a split is also considered. So the fierce discussion is really over a split or no split. Personally I don't think a split is good for the purpose of separating the money and the state.

Commented by /u/ErdoganTalk in /r/btc on April 18, 2020 19:18:41
/r/btc/comments/g3wmiw/i_am_100_invested_in_bch_also/fntxlb8/

> I've found Bitcoin to be a horrible thing in my social life. Come to terms with being smarter than others. "You do your thing, and I do mine"

Commented by /u/ErdoganTalk in /r/btc on April 18, 2020 18:55:38
/r/btc/comments/g3e2j7/from_the_founder_of_the_austrian_school_of/fnskgvv/

> transmitter of value through time Ahem

Commented by /u/ErdoganTalk in /r/btc on April 18, 2020 11:24:34
/r/btc/comments/g38tx0/is_the_founder_of_blockstream_going_senile_in_his/fnq9tlx/

He snuck into the references, for his idea of using proof of work, but it doesn't mean he was instrumental in the invention of bitcoin by satoshi.

Commented by /u/ErdoganTalk in /r/btc on April 17, 2020 17:54:19
/r/btc/comments/g04ece/bitcoincom_wallet_app_is_still_closed_source/fnhi7ay/

See https://dollarvigilante.com/blog/2020/04/14/stunning-new-numbers-coronavirus-numbers-are-worse-than-we-thought-and-gates-is-a-great-guy/ scroll down to the video. Sarcastic in the beginning

Commented by /u/ErdoganTalk in /r/btc on April 15, 2020 11:01:14
/r/btc/comments/g0jgf0/bitcoin_news_today_the_tax_man_is_coming_are_you/fne57sg/

Ahh thanks for your serious answer, I was joking about the IRS haha Edited the above

Commented by /u/ErdoganTalk in /r/btc on April 14, 2020 12:54:33
/r/btc/comments/g0y6yy/hashrate_shifting_problem_and_easy_mining_problem/fnctymh/

That is the way. But don't forget, the input to the process it regulates is not something unwitting like the sun and the wind, part of the input is the miners, and they know the algoritm and learn the dynamics and how to maximise profit, so it can never be perfect.

Commented by /u/ErdoganTalk in /r/btc on April 14, 2020 02:51:58
/r/btc/comments/g0k84m/tax_is_never_temporary/fnc5j0z/

> How is it theft if the miner agrees with consensus to mine in such a way? The protocol requires him to. He will be orphaned if he does not follow the rule. The proceeds, which is 30\*24\*6\*225USD\*0.05 per month, is taken out from the system, that is 48600 USD. Current prices, in a couple of months it could easily be 100000 USD.

Commented by /u/ErdoganTalk in /r/btc on April 13, 2020 21:51:06
/r/btc/comments/g0k84m/tax_is_never_temporary/fnc2oc8/

> Then all coinbase rewards are theft? Irrational

Commented by /u/ErdoganTalk in /r/btc on April 13, 2020 21:22:26
/r/btc/comments/g0jgf0/bitcoin_news_today_the_tax_man_is_coming_are_you/fnbwewp/

What service do they provide, and if I like it, can I get the service anonymously, and if so, ca