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/u/chainxor
Redditor Since May 8, 2014 (2,357 days old)
Karma Posts: 1,350 Comments: 37,919 Combined: 39,269
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https://www.reddit.com/r/btc/comments/f2s8nc/i_wrote_an_answer_to_this_article_regarding_the/

[https://read.cash/@SeanBallard/the-simplest-reason-against-the-ifp-77cf8e9e](https://read.cash/@SeanBallard/the-simplest-reason-against-the-ifp-77cf8e9e) My answer is not "for or against the IFP"-type of answer to the "legitimate value proposition" of what funds for dev team like ABC actually is neccessary for. I paste my answer here as well: "through a legitimate value proposition" Let me pitch on what value proposition the node development teams offer: 1) Maintenance/vigilance ie. if a new attack vector against the network is found, they go in and provide a fix quickly ie. they always have one or two devs on alert. This is what e.g. ABC has been doing since the beginning of BCH. 2) They develop the next needed upgrade features for the network - everything from single features such as a specific smart contract OP code to meet an immidiate demand in the market to more complicated upgrades/rewrites such as a much needed rewrite of the mempool acceptance code (\*). 3) They make research into areas that need more exploring before deciding on a solution. For example - everybody agrees that 0-conf needs improvement to be able to serve fast casual payment with high security, but nobody is absolutely sure what approach is the best, yet. Avalanche (/Snowglobe) is just one proposal for a solution to improved 0-conf security. (\*): The rewrite of the mempool acceptance code will solve many things, such as "removing the max 25 chain tx limit" in a safe & scalable manner, better fee policies and general scalability such as much higher transaction throughout & faster validation. The price for this much needed rewriting of mempool acceptance code, besides the needed man-months to do it, is also that back-porting of improvements from Bitcoin Core is no longer applicable which means that BCH node development will have to carry to cost of maintanence to a much higher degree than before, going forward!

posted by /u/chainxor in /r/btc on February 12, 2020 09:46:16
Top
/r/btc/comments/jcua9h/a_pragmatic_take_on_the_upcoming_bitcoin_cash/g9bi1fo/

As someone who invest in a lot of different assets I can tell with almost 100% certainty that something like the IFP is equal to a shit investment case, and that is all.

Commented by /u/chainxor in /r/btc on October 19, 2020 08:51:57
/r/btc/comments/jcua9h/a_pragmatic_take_on_the_upcoming_bitcoin_cash/g9bc8ud/

Opt-in cash fusion _is_ fungibility. Sure, the more users there are for fusion, the more effective the fungibility. "To willingly choose worse privacy because it panders to the stupid regulators just doesn't sit well with me." I can appreciate that and I do not disagree. But if we want mass adoption of what is essentially a VERY subversive technology, we need to be extremely strategic and avoid clear attack vectors.

Commented by /u/chainxor in /r/btc on October 19, 2020 07:49:31
/r/btc/comments/jc4akk/george_donnelly_receiving_death_threats_i_find/g9bbz15/

Well, every signal there is available tell a story that gives a certain level of confidence and right now that looks in favor of no-IFP.

Commented by /u/chainxor in /r/btc on October 19, 2020 07:45:49
/r/btc/comments/jcv055/bchn_supporters_are_the_new_small_blockers_lie/g9bbv0b/

You could be right about that. Twitter is absolutely garbage btw.

Commented by /u/chainxor in /r/btc on October 19, 2020 07:44:13
/r/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/g9bbsnf/

> That is currently an opinion. ...with some degree of confidence given the signalling from most places.

Commented by /u/chainxor in /r/btc on October 19, 2020 07:43:16
/r/btc/comments/jdf24b/not_to_downplay_the_technical_groundwork_set_by/g9b9hj6/

Not sure about 20 MB, but 8-10 MB for sure, yes.

Commented by /u/chainxor in /r/btc on October 19, 2020 07:07:59
/r/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/g9b6tvl/

You forget that if miners choose to fork in the IFP, 80-90% of the networks businesses and project will choose to not follow that chain. So, while it is indeed true that hash dictates what rules run on the chain, you can't force businesses and users to follow a chain.

Commented by /u/chainxor in /r/btc on October 19, 2020 06:21:36
/r/btc/comments/jdft5s/even_if_amaury_and_abc_are_the_best_developers_in/g98pop6/

Yes, that is how I remember it as well. Point 3 is the stinker. The two former much less so. The first being an emergency one due to time pressure. Fair is fair.

Commented by /u/chainxor in /r/btc on October 18, 2020 13:52:28
/r/btc/comments/jdck8k/transcript_of_how_philip_the_tyrant_admin_of_the/g97kvpt/

Well, he is. Look at the sub. He even made a post about when BCHers will exit to AVAX. If that is not shill I don't know what is.

Commented by /u/chainxor in /r/btc on October 18, 2020 07:46:05
/r/btc/comments/jdagi3/whats_up_with_the_bchn_hypocrisy/g9768u3/

Because ABC decided to unilaterally implement the IFP coinbase rule without reaching consensus with the majority of the BCH network.

Commented by /u/chainxor in /r/btc on October 18, 2020 05:03:26
/r/btc/comments/jdck8k/transcript_of_how_philip_the_tyrant_admin_of_the/g97639y/

JStodd is actually an AVAX shill, and he just wants to fuck up BCH in the hope of dragging people towards AVAX (good with that LOL). He admins the subreddit called /r/Avalanche_ He might succeed, at least with some ABC zealots.

Commented by /u/chainxor in /r/btc on October 18, 2020 05:01:34
/r/btc/comments/jcua9h/a_pragmatic_take_on_the_upcoming_bitcoin_cash/g94b1g1/

Opt-in and not part of consensus base protocol is the key to not get regulated into oblivion.

Commented by /u/chainxor in /r/btc on October 17, 2020 13:06:28
/r/btc/comments/jcv055/bchn_supporters_are_the_new_small_blockers_lie/g946xt3/

Good point. Also, the whole generalizing is getting tiresome.

Commented by /u/chainxor in /r/btc on October 17, 2020 12:29:15
/r/btc/comments/jcknfu/coinbase_is_now_censoring_their_employees_with/g937m37/

Count me in as well.

Commented by /u/chainxor in /r/btc on October 17, 2020 05:34:56
/r/btc/comments/jcdg3p/announcing_bitcoin_cash_node_v2210/g9343kc/

Ok. Thx :-)

Commented by /u/chainxor in /r/btc on October 17, 2020 04:28:58
/r/btc/comments/jc4akk/george_donnelly_receiving_death_threats_i_find/g930u2s/

Well, it is a fact when it implements a consensus layer rule that goes against the majority will of the network. But I'll give you this - unless every signal given is a smokescreen, which is possible, but very unlikely - we will see on Nov 15th. But there is actually another thing - the unilateral way ABC is doing the IFP, and their attempt at political decent reg. DAA before that, makes them the bad actors. All the other teams are working together. ALL of them.

Commented by /u/chainxor in /r/btc on October 17, 2020 03:30:42
/r/btc/comments/jcdg3p/announcing_bitcoin_cash_node_v2210/g929sxj/

Sounds like 2) will make miners using BCHN more competitive. Is that true?

Commented by /u/chainxor in /r/btc on October 16, 2020 21:34:25
/r/btc/comments/jc4akk/george_donnelly_receiving_death_threats_i_find/g908o2g/

>He does lie about ABC a lot, so it could be someone else. Such as? I would like to hear what lies we are talking about.

Commented by /u/chainxor in /r/btc on October 16, 2020 10:44:57
/r/btc/comments/jbt1ai/slp_rewards_flipstarter_has_been_canceled_thanks/g8zno5t/

Yea. I just unlock the locked coins in Electron Cash under the "Coins" tab. Easy peasy.

Commented by /u/chainxor in /r/btc on October 16, 2020 06:45:22
/r/bitcoin_cash/comments/jc2l8j/official_bitcoin_cash_website_refresh_looks_nice/g8zn8pn/

Bitcoin Cash has no official site.

Commented by /u/chainxor in /r/bitcoin_cash on October 16, 2020 06:38:08
/r/btc/comments/jc4akk/george_donnelly_receiving_death_threats_i_find/g8zehyl/

To be fair, it could be anyone. Maybe someone with a vested interest in sowing more conflict.

Commented by /u/chainxor in /r/btc on October 16, 2020 03:53:21
/r/btc/comments/jc09zp/what_are_the_chances_someone_can_randomly_guess/g8yj8nd/

1 out of *2048 to the power of 24*. That is 1 out of 29642774844752946028434172162224104410437116074403984394101141506025761187823616

Commented by /u/chainxor in /r/btc on October 15, 2020 21:19:41
/r/btc/comments/jbnp2o/taproot_inching_closer_for_btc_another_pr_merged/g8xmlf8/

Wow. Haven't thought of that before. Yea, Segwit is shit on so many levels. The rollout. The complication and introduction of technical depth while only moderately contributing to scaling (at great cost).

Commented by /u/chainxor in /r/btc on October 15, 2020 16:19:50
/r/btc/comments/jbnp2o/taproot_inching_closer_for_btc_another_pr_merged/g8wz12a/

Not really if it is at the cost of base layer scaling which is the case with BTC.

Commented by /u/chainxor in /r/btc on October 15, 2020 13:03:21
/r/btc/comments/jb130f/so_many_amazing_bitcoin_cash_projects/g8wyypi/

"However if you store the file on the blockchain I believe it could offer the same benefits that IPFS offers, no? What am I missing?" Well, yes in terms of immutability. However, a blockchain is a slow and inefficient means the store big data. Esspecially the Bitcoin type blockchains. IPFS and e.g. Filecoin are geared towards datastorage by having the data organized better for that purpose. Also, it has better incentives for those that help operate nodes that store data, not just mining the data.

Commented by /u/chainxor in /r/btc on October 15, 2020 13:02:49
/r/btc/comments/jbnzhb/what_is_the_bch_adoption_bottleneck/g8wjytj/

Muh.... roads.

Commented by /u/chainxor in /r/btc on October 15, 2020 10:58:01
/r/btc/comments/jbnp2o/taproot_inching_closer_for_btc_another_pr_merged/g8wicx6/

Privacy gains. Scaling-wise - nothing.

Commented by /u/chainxor in /r/btc on October 15, 2020 10:44:16
/r/btc/comments/j5p799/id_love_to_see_this_flipstarter_for_slp_tools_get/g8wg1l6/

Tried to access [https://flipstarter.simpleledger.io/](https://flipstarter.simpleledger.io/) today to pledge, but it seems to have been removed. What happended?

Commented by /u/chainxor in /r/btc on October 15, 2020 10:23:29
/r/btc/comments/jb130f/so_many_amazing_bitcoin_cash_projects/g8wa1if/

Yes, exactly. That is the way to do it.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:25:49
/r/btc/comments/jbgwir/aftermath_of_coinbases_ceo_telling_employees_that/g8w9di5/

>Well it is the same I am talking about, your example is a weaker application of the same rule.As we say in Poland, "The loudest cow that moos a lot, gives the least milk". LOL. That is a good expression. I like that :-)

Commented by /u/chainxor in /r/btc on October 15, 2020 09:18:57
/r/btc/comments/jbgwir/aftermath_of_coinbases_ceo_telling_employees_that/g8w9126/

I don't that is what is the case here. I think tbh. that what Coinbase is talking about is that the most politically active employees are also the least productive ones incl. devs.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:15:18
/r/btc/comments/jblyvf/where_is_the_legal_due_diligence_to_show_abccoin/g8w8wno/

That's not the point here. The point is to not introduce crippling attack surfaces to Bitcoin that can be exploited by US or other state-entities.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:14:00
/r/btc/comments/jb130f/so_many_amazing_bitcoin_cash_projects/g8w8j6f/

Storing big data on a blockchain is retarded.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:10:04
/r/btc/comments/jblyvf/where_is_the_legal_due_diligence_to_show_abccoin/g8w8foj/

You're missing the point. The point is to not have that attack surface.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:09:02
/r/btc/comments/jblyvf/where_is_the_legal_due_diligence_to_show_abccoin/g8w8d8f/

This is not just a US problem. Besides if it can't be traded as a non-security in the US, the coins liquity will be SEVERLY hampered.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:08:18
/r/btc/comments/jblyvf/where_is_the_legal_due_diligence_to_show_abccoin/g8w86ua/

This is, besides the potential corruption, also my main concern.

Commented by /u/chainxor in /r/btc on October 15, 2020 09:06:24
/r/btc/comments/jbgwir/aftermath_of_coinbases_ceo_telling_employees_that/g8w47ot/

>This is where actual politics gets done. Ie. useless empty work :-)

Commented by /u/chainxor in /r/btc on October 15, 2020 08:20:00
/r/btc/comments/jb130f/so_many_amazing_bitcoin_cash_projects/g8vv5lw/

This one uses BSV and does not leverage IPFS. It's crap.

Commented by /u/chainxor in /r/btc on October 15, 2020 05:55:50
/r/btc/comments/jbh8yf/bitcoin_cash_as_the_world_currency_what_it_takes/g8vv28w/

I think you're talking past each other. Ie. misunderstanding each other. If I were to guess I would say that you could actually be agreeing.

Commented by /u/chainxor in /r/btc on October 15, 2020 05:54:05
/r/btc/comments/jbh8yf/bitcoin_cash_as_the_world_currency_what_it_takes/g8vuhdv/

Businesses want to build on a stable consensus protocol. There will always be node software to adhere to that protocol, and the nodes that make money are those that can deliver performant, stable, easy to configure, interface with and use. It is really quite simple.

Commented by /u/chainxor in /r/btc on October 15, 2020 05:43:20
/r/btc/comments/jbh8yf/bitcoin_cash_as_the_world_currency_what_it_takes/g8vud9p/

Very true. Also, that limit along with general better throughput via mempool optimizations etc. will have been done long before as well. Work is already being done as we speak.

Commented by /u/chainxor in /r/btc on October 15, 2020 05:41:09
/r/btc/comments/japz42/new_mining_entity_controlling_onefourth_of/g8vr5ji/

Sure, BSV people see BCHN as a bigger threat than ABC now that they have a competing chain. But I doubt it has anything to do with Hathor.

Commented by /u/chainxor in /r/btc on October 15, 2020 04:38:07
/r/btc/comments/jb2v24/bu_podcast_episode_4_xthinner_and_other/g8vqw3s/

Love the idea of using something else instead of TCP as the underlying network transport protocol.

Commented by /u/chainxor in /r/btc on October 15, 2020 04:33:07
/r/btc/comments/jb130f/so_many_amazing_bitcoin_cash_projects/g8so3mm/

The list needs updating. Bitcoinfiles is dead afaik.

Commented by /u/chainxor in /r/btc on October 14, 2020 09:56:45
/r/btc/comments/japz42/new_mining_entity_controlling_onefourth_of/g8s7egn/

I fail to see why they would support IFP or even care either way.

Commented by /u/chainxor in /r/btc on October 14, 2020 06:19:08
/r/btc/comments/j97ywp/hathormm_hathor_merge_mining_cause_of_empty_bch/g8s6c91/

Hey. Cool. Thanks for the reach out :-)

Commented by /u/chainxor in /r/btc on October 14, 2020 05:59:22
/r/btc/comments/j9qf6r/us_antiencryption_bill_forces_companies_to_build/g8psnd4/

Yes. Very much agree with that.

Commented by /u/chainxor in /r/btc on October 13, 2020 14:22:20
/r/btc/comments/ja2v79/mildly_interesting_during_3_years_of_trolls/g8pcyxy/

In part that is true, however irritating it is. Yea sure, the long run is what matters. That is also why I am bullish on BCH (with a few disclaimers though. The IFP shitshow needs to die before moving forward.

Commented by /u/chainxor in /r/btc on October 13, 2020 12:12:15
/r/btc/comments/jad7ps/bank_of_england_governor_says_bitcoin_makes_him/g8p2vnc/

I think when you hear it from those kind of sources, the term "bitcoin" can be any cryptocurrency that acts as p2p cash...and yes, he should be nervous...or he could choose to join :)

Commented by /u/chainxor in /r/btc on October 13, 2020 10:44:04
/r/btc/comments/jacbtd/you_guys_might_appreciate_this_convert_crypto_to/g8or8eu/

Wow. So I can buy credits directly through Bitpay now? Does it work for all Amazon regions?

Commented by /u/chainxor in /r/btc on October 13, 2020 08:44:40
/r/btc/comments/ja8lta/the_ifp_part_4/g8ogn9u/

RowanSkie's answer to this post perfectly sums up my thoughts about your misguided writing: " >Meanwhile, we have been flailing for the past three years due to the lack of steady infrastructure funding, and instead of fixing the problem with the IFP, you'd rather keep doing the same thing over and over again while wishing for a different result. That so? It explains why a lot of sites related to BCH development has propped up after Amaury has activated the code freeze and the countdown to the November 2020 Upgrade began, with actual viable results. Heck, I can even consider the ASERT DAA spec being part of this movement when the IFP was introduced last year. They were tired of ABC doing nothing, so we started doing it. With Flipstarter in tow, and with more specifications and applications being made and passing through with flying colors (SLP Protocol, Memo Protocol, Read.Cash, Memo.Cash, Member.Cash, SLP-supported Wallets, Mineable SLP Tokens \[dSLP, MIST, MAZE\], Investable SLP Tokens \[LITH {Monolith tokens actually do pay you based on how many you have, essentially staking}\], Payment Systems with SLP Support), I don't know why progress was slow, but I do know that the BCH ecosystem has exploded since the IFP inception. >Both Calin and Freetrader claim they co-founded ABC, like they were integral to the birth of this project. But if they saw so many problems with protocol development why did they both quit ABC? If they thought they could do a better job, why didn't they create a competing client and make Bitcoin Cash great again? Freetrader did, it's called BCHN. Calin focused more on Fulcrum and Electron Cash. >You might not like how the IFP was introduced, or how it's being implemented, but that doesn't take away from the fact that it's a solution to the problem, and that it has the potential to be the greatest catalyst that Bitcoin Cash has ever seen. It's a catalyst that woke up most of the BCH developers to get to work. These donations might be temporary, sure, but when they start to get the reward for simply doing the good will of the people, then the money will flow. Most of the BCH Community doesn't want to follow ABC anymore. If it wins, BCH will be back to 2017 as there's nothing left, majority of the BCHers will leave. And you'll have even less of an audience if you really care about the upvotes."

Commented by /u/chainxor in /r/btc on October 13, 2020 06:00:42
/r/btc/comments/j9zpba/cashsql_p2p_database_for_bitcoincash_over_50/g8ogkzz/

May I ask what beef it is you have with Herman Schoenfeld?

Commented by /u/chainxor in /r/btc on October 13, 2020 05:59:29
/r/btc/comments/j7wf8v/he_makes_some_very_good_points/g8ogh3u/

Nothing, and that goes for pretty much everyone except ABC it seems.

Commented by /u/chainxor in /r/btc on October 13, 2020 05:57:19
/r/btc/comments/j9qf6r/us_antiencryption_bill_forces_companies_to_build/g8obfdm/

Yea, these are certainly candidates on BTC. While not exactly security holes, they do contribute to destroying BTC as p2p cash (especially RBF). I also see BSV as an potential attack.

Commented by /u/chainxor in /r/btc on October 13, 2020 04:16:23
/r/btc/comments/ja2v79/mildly_interesting_during_3_years_of_trolls/g8o74s3/

Marketcap is however a measurement (not a complete one, though) of success.

Commented by /u/chainxor in /r/btc on October 13, 2020 02:57:40
/r/btc/comments/j9qf6r/us_antiencryption_bill_forces_companies_to_build/g8lf1rh/

This is why it is important that there is no single "go to" node for mining in Bitcoin (and of course Bitcoin Cash) (or any other crypto for that matter). Otherwise it is only a question of time before "security holes" are introduced.

Commented by /u/chainxor in /r/btc on October 12, 2020 10:43:26
/r/btc/comments/j97ywp/hathormm_hathor_merge_mining_cause_of_empty_bch/g8kpj1h/

Okay :-) Yes, please :-) It is fairly annoying not getting txs cleared in the next block.

Commented by /u/chainxor in /r/btc on October 12, 2020 04:33:07
/r/btc/comments/j97ywp/hathormm_hathor_merge_mining_cause_of_empty_bch/g8izmgq/

Okay. Cool. I didn't know what it was until a few hours ago :-)

Commented by /u/chainxor in /r/btc on October 11, 2020 17:06:18
/r/btc/comments/j97ywp/hathormm_hathor_merge_mining_cause_of_empty_bch/g8izhfh/

It is not my intention to harass anybody. I just discovered Hathor and wanted to point to the fact that empty blocks were mined. I had no idea how many pools there are etc.. I also have no idea why it happens etc. You seem to know what it is and how it works. That's cool :-) Also, cool that BCHN and Anyhedge are working together with the Hathor people. I had no idea.

Commented by /u/chainxor in /r/btc on October 11, 2020 17:05:19
/r/btc/comments/j7bljp/attn_exchanges_and_miners_bchn_not_abc_is_the/g8gy6dc/

https://votes.cash/ (>98%) https://www.coinex.com/activity/bch-fork (~85%) https://cash.coin.dance/blocks (~65% miners actively signal for BCHN, noone signals actively for ABC/IFP).

Commented by /u/chainxor in /r/btc on October 11, 2020 07:16:14
/r/btc/comments/j7c7o2/i_have_some_thoughts_on_why_bch_is_failing/g8gxxcq/

That is not a valid argument for dismissing it. It is like asking someone back on 2010 to prove that in-app purchases is a good business.

Commented by /u/chainxor in /r/btc on October 11, 2020 07:14:15
/r/btc/comments/j7wf8v/he_makes_some_very_good_points/g8gxrym/

But here is also not any reason to not get the scaling shit done asap. It is not mutually exclusive and having the scaling done or at least a very active signal of working on it actively will improve confidence in BCH.

Commented by /u/chainxor in /r/btc on October 11, 2020 07:13:03
/r/btc/comments/j8keoq/profiting_off_bch_fork/g8cyc8r/

Sorry. Typo.

Commented by /u/chainxor in /r/btc on October 10, 2020 15:44:27
/r/btc/comments/j7wf8v/he_makes_some_very_good_points/g8c22z9/

BSVs approach is unsustainable. Admitted, some of the things are fine, but the non-optimized and blatant chainbloat is unsustainable.

Commented by /u/chainxor in /r/btc on October 10, 2020 12:09:21
/r/btc/comments/j8keoq/profiting_off_bch_fork/g8birft/

You can trade BCH and BCHA futures on CoinEx.

Commented by /u/chainxor in /r/btc on October 10, 2020 09:38:08
/r/btc/comments/j8hi3f/avoid_cryptorefills_for_gift_cards/g8b4q4u/

[https://dundle.com/](https://dundle.com/) [https://www.keys4coins.com/](https://www.keys4coins.com/)

Commented by /u/chainxor in /r/btc on October 10, 2020 07:36:55
/r/btc/comments/j89zdi/psa_you_can_buy_uber_and_hundreds_of_other_gift/g8b40my/

Cool. Just to bad there isn't anything for European customers.

Commented by /u/chainxor in /r/btc on October 10, 2020 07:30:43
/r/btc/comments/j7wf8v/he_makes_some_very_good_points/g87l4dt/

That is no reason to not get shit done. The faster it can be done and (consensus) protocol locked down, the better. Luckily we are finally seeing people working on scaling again.

Commented by /u/chainxor in /r/btc on October 9, 2020 08:34:59
/r/btc/comments/j7c7o2/i_have_some_thoughts_on_why_bch_is_failing/g83w5v2/

That is an unsubstantiated claim.

Commented by /u/chainxor in /r/btc on October 8, 2020 09:48:00
/r/btc/comments/j7c7o2/i_have_some_thoughts_on_why_bch_is_failing/g83w25z/

First time I heard of it. Interesting :)

Commented by /u/chainxor in /r/btc on October 8, 2020 09:46:59
/r/btc/comments/j7bljp/attn_exchanges_and_miners_bchn_not_abc_is_the/g83vupj/

Futures price, votes.cash, majority projects and businesses building on BCH stance and of course miner signalling (and running BCHN).

Commented by /u/chainxor in /r/btc on October 8, 2020 09:44:59
/r/btc/comments/j7bljp/attn_exchanges_and_miners_bchn_not_abc_is_the/g83ocr3/

Approx. 85% of the BCH ecosystem.

Commented by /u/chainxor in /r/btc on October 8, 2020 08:24:02
/r/btc/comments/j79ums/watch_as_hayden_onboards_a_merchant_to_bitcoin/g83j72p/

Come on dude. Video is more than 1 year old. I am very critical of the IFP as well, but what you're doing here is just sowing more unneccessary decent and virtriol.

Commented by /u/chainxor in /r/btc on October 8, 2020 07:11:10
/r/btc/comments/j79ums/watch_as_hayden_onboards_a_merchant_to_bitcoin/g83j1pb/

The video is from May 2019. Over a year ago. Chill :-)

Commented by /u/chainxor in /r/btc on October 8, 2020 07:08:40
/r/btc/comments/j7122o/the_trend_is_clear/g838hoa/

Look at the dominance multi year and the trend is also down.

Commented by /u/chainxor in /r/btc on October 8, 2020 03:45:06
/r/btc/comments/j6bl2t/the_og_bitcoin_business_model_works_fine/g7zvsww/

It is, but why have the IFP in the first place, then? If major stakeholders and businesses decide, the IFP is irrelevant, since they will decide by allocating their investments where they think most value can be created.

Commented by /u/chainxor in /r/btc on October 7, 2020 08:39:44
/r/btc/comments/j0nifo/flipstarter_cashsql_a_database_backend_for_bch/g7zimb4/

I have pledged now. I don't know you, but your project sounds legit and relevant. I don't care if you're a flatearther or whatever, as long as your work is sound :-)

Commented by /u/chainxor in /r/btc on October 7, 2020 05:05:37
/r/btc/comments/j0nifo/flipstarter_cashsql_a_database_backend_for_bch/g7zifw1/

Done. I know it is humble compared to the other one.

Commented by /u/chainxor in /r/btc on October 7, 2020 05:01:50
/r/btc/comments/j66z5y/reminder_over_80_of_miners_signalled_support_for/g7x8iv6/

The miners didn't run the S2X software at the time they signalled, right?

Commented by /u/chainxor in /r/btc on October 6, 2020 14:48:08
/r/btc/comments/j66z5y/reminder_over_80_of_miners_signalled_support_for/g7x54vg/

Just for clarity - there is one BIG difference. This time around miners are actually RUNNING the software (BCHN or other non-IFP/ABC node). S2X node software was never ready and when the time was close, the node software failed with a bug and the team behind it gave up.

Commented by /u/chainxor in /r/btc on October 6, 2020 14:22:32
/r/btc/comments/j5o2dk/the_vote_passed_today_97_of_the_votes_in_favor/g7vw0g6/

BCH could still be used for data for ETH smartcontracts. I believe Vitalik actually suggested it at some point as a stop-gap measure before until ETH 2.0 is ready.

Commented by /u/chainxor in /r/btc on October 6, 2020 07:37:19
/r/btc/comments/j5um0v/the_ifp_part_1/g7vmhqe/

>Another great article. I usually hate forks and I still think they will almost always be bad for Bitcoin/BCH. I agree the ABC way has merit and I hope it survives the fork and tests it's funding model as it may be the magic key to fulfilling the Bitcoin dream. On a new chain. >I see BCHN as a protest movement, but the intensity of the protest suggests it may have the support needed to re-energize volunteerism and voluntary donations to an extent that may also allow it to achieve the dream of Bitcoin. It already has. >I think BCHN's energy may wane after the fork and so it may be very risky to pass the baton to them and BU and the other potentially questionable players behind the movement. Nice projection. >Some behind the movement are pushing for postponing upgrades for like 18 months or longer. This sounds like an attempt to delay progress. No, this is part of having a stable protocol. Forking consensus rules every 6 months is both unneccessary and it just introduces instability. Also, there is plenty of both scaling work and other cool things that can be done and are neccessary that don't require consensus hardforks every 6 months. >As with all my concerns about BCHN, I hope they are just my over-worrying and that BCHN can make a real Bitcoin happen. Changes are at least as good as any other approach tried. >So, even if ABC was to win a hash battle I would like to see both funding strategies get a chance to prove themselves. If they both succeed, it cuts the scaling challenge in half and I see no problem with that. Either way, having the other fork as an emergency back-up seems prudent. Sure, if ABC splits with replay protection I will keep the coins and see how they fare while continuing with what I am doing with BCH. If they don't I will sell the ABC coins at the earliest convenience.

Commented by /u/chainxor in /r/btc on October 6, 2020 04:42:04
/r/btc/comments/j5um0v/the_ifp_part_1/g7vm0zw/

Indeed.

Commented by /u/chainxor in /r/btc on October 6, 2020 04:32:31
/r/btc/comments/j543gm/frances_coppola_a_decade_from_now_crypto_will_be/g7rupte/

As long as there is p2p market to buy and sell crypto for fiat, there are aspects of life where banks are irrelevant and will increasingly become irrelevant. But I think she is right in the sense that the fiat system and will still be dominant, esspecially in the western world. But I think there is possibility that a totally new and quasi-independant economy will rise that is purely based in cryptocurrencies (the ones that are NOT issued by central banks).

Commented by /u/chainxor in /r/btc on October 5, 2020 06:23:46
/r/btc/comments/j51b8n/the_recent_bitcoin_cash_october_network/g7qqfsf/

Using a heuristic algorithm is a clever idea. Nice work!

Commented by /u/chainxor in /r/btc on October 4, 2020 21:03:15
/r/btc/comments/j4npx1/what_is_the_qfs_quantum_financial_system_some/g7nova6/

LOL High level bullshit-bingo.

Commented by /u/chainxor in /r/btc on October 4, 2020 06:15:12
/r/btc/comments/j4lvgk/mike_hearn_explains_why_the_bitcoin_community/g7n8hm1/

This is also what I have slowly come to realize. It really dawned for me when the retarded bitshevik memes started.

Commented by /u/chainxor in /r/btc on October 4, 2020 04:20:46
/r/btc/comments/j4ko58/bchn_i_wont_follow_him/g7jily1/

wat?

Commented by /u/chainxor in /r/btc on October 3, 2020 15:11:45
/r/btc/comments/j3xjkz/what_many_bch_supporters_dont_understand/g7istd1/

In very general terms Amaury does have a point. But wrt. chained tx-limit the fix is relatively simple if CPFP is removed. Claiming otherwise is sophistry.

Commented by /u/chainxor in /r/btc on October 3, 2020 11:35:41
/r/btc/comments/j3p05h/outlook_is_bleak_is_there_reason_to_believe_bch/g7hx9jd/

Of course it will survive.

Commented by /u/chainxor in /r/btc on October 3, 2020 04:33:35
/r/btc/comments/j3xjkz/what_many_bch_supporters_dont_understand/g7fk1hk/

LOL Thanks for the downvoting. Lets see in a few months. The proof will be in the pudding.

Commented by /u/chainxor in /r/btc on October 2, 2020 15:12:04
/r/btc/comments/j3xjkz/what_many_bch_supporters_dont_understand/g7ffwzm/

JToomim is working on fixing it now and will assist on fixing on BCHN as well. That was part of his Flipstarter. The problem has shown to be less complicated than what ABC made it look like. Also, it is only an issue on Core derived node implementations, not all node implementations.

Commented by /u/chainxor in /r/btc on October 2, 2020 14:43:06
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