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1  Alternate cryptocurrencies / Mining (Altcoins) / Bitcoin Cash just lost all of its hash power on: August 02, 2017, 08:00:58 PM
Its dead... its finally dead. There won't be a 17th block.
2  Bitcoin / Bitcoin Discussion / There is only one Bitcoin! on: August 02, 2017, 06:05:29 PM
The scam coin that tried to steal our name and our reputation and the scammers behind this will soon find out what hubris and greed gets you.

Bitcoin Cash is about to die in a pool of its own blood and piss!

There have been only 16 blocks mined of this shit coin since the hard fork.

This is the real reason the price is so high. No one can move this 'bitcoin Cash" shit coin because its network is nearly frozen. All the major exchanges dealing in this scam coin require 20 confirmations. (and were on block 16!)

At the current rate it would take two days to move 'Bitcoin Cash' from a private wallet to an exchange to dump it.

The vast majority of Bitcoin Users HODLers* hold their Bitcoins in private wallets on on their own hardware.

I will continue to do everything I can to warn the community from buying into this blatant scam. You have all been taken over by greed!

Over the next 24 hours you will see this shit coin crash harder then any shit coin in the history of crypto.

Ether take or ignore this advice but you do so at your own risk!

No one should have the right to take our name and our reputation to bootstrap another version of bitcoin without overwhelming support from the community.  We should be outraged but no, we are celebrating 'free money!" What is wrong with you!? Snap out of it!

The Bitcoin name is being dragged thew the mud! It took us 8 years to build Bitcoins reputation, were is the outrage?

We can not allow this scam coin to continue to use our name they must be stopped! We must do everything we can to make it clear to everyone that this new network has absolutely no affiliation with the core developers and supporters of Bitcoin.

It will crash and burn and when it does the news/media won't make a distinction between "Bitcoin" and "Bitcoin Cash" this will have huge PR ramifications! That will be with us forever!

You risk the value of your real Bitcoins by supporting these bastards.  
3  Alternate cryptocurrencies / Altcoin Discussion / Bitmain Cash was stillborn. (ITS DEAD!) on: August 01, 2017, 02:50:00 PM
Bitmain Cash has less then 5% of Bitcoins hash power.
I'm calling it this thing its fucking dead in the water.  There is absolutely no hope for this shit coin.

Even if it manages to produce a block in the next 24 hours it can't survive unless it gains a huge amount of hash power.
4  Bitcoin / Bitcoin Discussion / No fork detected--> Segwit is now active UASF is active! WE did it! on: August 01, 2017, 05:49:29 AM

UASF is being enforced Segwit is now active and no fork is detected!
5  Bitcoin / Bitcoin Discussion / Lets give a round of applause to everyone who ran a UASF node! on: August 01, 2017, 05:38:32 AM
A lot of people thought it was risky, many compared it to a game of chicken where UASFers cut the brake lines and removed the steering wheel.

Regardless of what happens with BitmainCash later today UASF is now active and being enforced.

Segwit is now active and the core devs can continue development unhindered by the greedy and hubris mining pools and the VC-financiers blocking improvements to the code base.  

So thank you!  

Edit: sorry posted on wrong board plz move to general discussion
6  Bitcoin / Bitcoin Discussion / Reminders for today: #1 DON'T PANIC! on: July 31, 2017, 09:20:37 AM
It could be a very long day today.

The Bitcointalk forums could be Ddosed, Bitcoin service providers like exchanges and wallet providers may go off line.

Websites and companies may be hacked. Be extremely skeptical of everything you read.

Be wary of any links on this website unless your behind a VPN. If someone sends you a private message asking you to click a link don't do it! Your giving away your IP address to a potential hacker.  

And while we all want Bitmain-cash to die may I suggest letting the VC money (the stupid money) pump it up a bit before we all sell? I hate this shit just as much as you but it may be worth more in 6 months then it is today.

Don't trust Bitmain-Cash-wallets they could be back-doored.

To Avoid replay attacks on the Bitcoin network create a new Bitcoin wallet and move your Bitcoins to that wallet AFTER the fork then use your old now empty wallet.dat file with a Bitmain-cash client.

Make encrypted backups of all your wallets new and old before doing anything.

Make sure your passwords are really strong.

Update: The BitcoinTalk forums are being inundated with negative stories and FUD! They want you sell don't do it! Not today! Bitcoiners HODL!

They are doing everything they can to scare the community today and cause a panic sell off, don't let these shills manipulate you!

And remember Don't Panic! Everything is going to be ok.  

Useful Link:
7  Bitcoin / Bitcoin Discussion / Bitcoin is NOT mathematically limited to twenty one million bitcoins on: July 28, 2017, 01:59:55 PM
Bitcoin is NOT mathematically limited to twenty one million bitcoins.

I do not support raising the cap at this time but if we had overwhelming support like we did for Segwit we could raise the limit to any number we could dream up.  

I would have no issue changing the code to allow a 1 bitcoin reward for every block forever... to ensure a strong distributed mining community.  

I understand this must sound like blasphemy to the majority of the community but it irks me to see such a false statement about bitcoin repeated over and over again in every Bitcoin youtube video out there; there has to be a better way to phase it.
8  Bitcoin / Bitcoin Discussion / How is everyone feeling going into Aug 1? on: July 28, 2017, 08:08:56 AM
Do you have any concerns for Tuesdays split?

I"m personally a little worried a lot of people could lose bitcoins due to replay attacks.
9  Bitcoin / Bitcoin Discussion / Ever wonder how Bitcoin (and other cryptocurrencies) actually work? on: July 24, 2017, 01:34:56 AM

If your like me you have a hard time explaining how bitcoin works to others. If all else fails there is one last thing that you can try; show them this video its worked for me every time.
10  Bitcoin / Bitcoin Discussion / What do we call Bip148 if it breaks away from the network and its the minority. on: June 03, 2017, 01:32:37 AM
Two polls in one. you get 2 votes

Poll_1: What are we going to call Bip148 if it breaks away from the network Aug_1st and is a minority chain with little support? (10-20%)

Poll_2: How do we go about naming the Bip148 coin/network?

Even if Bip148 is successful It most lilky won't be called bitcoin so this raises many questions.  How do we name it? Who gets to name it? What metrics should be used. Will Bip148 supporters even be welcome on these forums after Aug_1?

Will Bitcoin talk support the Bip148 fork if it splits off and dose it's own thing or will bip148 be pushed into the Alt-coin containment section of this forum? 

What will the Core dev team do?
11  Bitcoin / Bitcoin Discussion / Whats the likelihood of a coin/network split/fork come Aug 1? on: May 31, 2017, 08:01:08 PM
Anyone who tells you UASF is safe is ether a lier or doesn't know what there talking about.

Bitcoin Core developers don't openly support it and certainly don't promote it.

The Mining cartel can spin up as many nodes as they like when the time comes to prevent it; thats if they don't already control a majority. For all we know they may already operate a majority of nodes.

The vast amounts of VC money flowing into the network completely eclipses the money being used by the average user base.

I support the Core developers they are the only ones that have any scrupuls but exchanges and service providers may ultimately side with the banks if they think its in their best interests to do so.  

I don't understand where all this confidence is coming from.

People need to be told the network could split come Aug 1 into two distinct coexisting chains.  

Even if we changed the POW to something else the mining cartel has the capital and manufacturing capability to pick a winner and come out on top every time. They have the resources to be first to market with any new hardware like ASIC etc.  

12  Bitcoin / Bitcoin Discussion / It's that time again, it's time to do your part to Support Net Neutrality on: May 09, 2017, 06:06:21 PM
For the Bitcoin network to function optimally we need a free and open internet.

Currently all Internet service providers in the US are regulated under Title 2 of the Communications act of 1934.

Current laws governing Net Neutrality were put into place by (R) Tom Wheeler under the Obama Administration, they prevent ISPs from throttling Bitcoin traffic.

The FCC has been taken over by lobbyists and is now run by a lawyer from Verizon.

The FCC is about to repeal all of the laws protecting the free and open internet we enjoy today.

I beg everyone who loves Bitcoin to go to hit express and leave a comment.

You should also send a e-mail to the chairman of the FCC and tell him how much you care about a free and open internet. (or you could do what I did and just insult his big ugly mug and accuse him of being a pedophile *shrug* )

You should also call, fax and e-mail any government representatives you can and demand that ISPs remain under Title 2 of the Communications act of 1934.  

tldr: Video version
13  Bitcoin / Bitcoin Discussion / WARNING:network under Massive spam attack. on: May 05, 2017, 02:03:21 PM
Fees today are over $2 to send a transaction. 100k transactions in mempool. Someone is spending a lot of cash to spam the network today.

Gee I wonder why? /s

I don't know much about mobile wallets or hardware wallets but they should alert the user when the network is this congested. With a easy to understand fee calculator/prediction pop up before you send your transaction.
14  Economy / Speculation / Buy or Sell? on: May 04, 2017, 01:02:57 AM
Poll Open for 24 hours. NVM
Personally I think its time to sell a little to buy back in later.
15  Bitcoin / Bitcoin Discussion / mempool 70k+ and growing fast. on: April 28, 2017, 07:42:12 PM
This another spam attack? Looks like it started 4 days ago.
16  Economy / Reputation / Is franky1 a shill? on: April 18, 2017, 01:01:19 AM
Do you think user franky1 is "shilling" spreading fear / uncertainty for personal gain? Ether by pumping the alt-coin markets or perhaps some other arrangement were he gets paid to post on these forums.

Do you think he is pretending to give a impartial endorsement of something in which he himself has an interest?
17  Bitcoin / Bitcoin Discussion / The mother of all Hardforks on: April 12, 2017, 05:29:04 AM
For eight years now the Bitcoin community has been trying to find a way to insure its scalability while maintaining its security and its usability.

And for eight years now regardless of the tireless debate and unbound effort of some of the smartest people in the world to solve this problem, and to find that perfect path forward, we have failed.

Its not for for the lack of effort or knowledge or intelligence.  

The problem I suppose is that we all demand perfection. We all want to get to that promised land of a perfect system. And that system can be built and it will be built I have no doubt, It will happen!

But will Bitcoin be that system, can we get there from here; thats the question I'm asking myself tonight.

Is it even possible to salvage our ledger, our blockchain our history, what I now think of as our soul to supplant that into a new body?

18  Bitcoin / Bitcoin Discussion / How dose the User activated soft fork work? on: April 09, 2017, 06:40:26 AM
Lots of talk about the UASF what do you guys think about it?

This is a rather new idea yeah? Because of all the shit going down in China I imagine.

I'm not sure if this should be an option of last resort or the obvious choice to proceed.

Anyone know what the Bitcoin core developers think about all this talk of a UASF? Their input would be helpful I'm sure.

I have never supported a contentious hardfork but I'm starting to think its the only way to move forward, even if its not accepted as the one true bitcoin.

As far as the code is concered all it dose it boot out the bad actors in China right? Preventing them from using destructive techniques to mine bitcoins. Like mining empty blocks and spamming the network with fake transactions.

I can't think of any better options to root these baster out.
19  Bitcoin / Bitcoin Discussion / A must read by a unknown poster. on: March 21, 2017, 01:57:42 PM
Copy pasted from Reddit /r/Bitcoin by a user claiming to be a Chinese linguist translating the words of a prominent chines miner. The real author is unknown at this time but the sentiments seam to ring true.

CLARIFICATION: Jihan Wu has stated that he only shared this post on his Weibo (Chinese twitter) account. He states he did not author it.
Recently the BU and hard fork topic has become heavily obfuscated. Both sides are sticking to their guns and the arguing has become unbearable. Everyone claims that their own ideas are line with Satoshi’s vision of decentralization, and everyone believes that the other side’s plan will lead to the perils of centralization. On the surface, it appears that all arguments are founded in idealism. But are they really? In actuality, the conflicts at hand are ultimately the result of profit seeking. The tail is wagging the dog. This fellow (referring to himself) is now going to make a couple of observations about the community’s diverging interests and analyze what the significance of those differences is.
In regards to the fork issue, the heart of the conflict lies with the distribution of the fees for a given transaction and whether they should be handled by the miners exclusively or if they should be spread out (to a second layer). Up until now every transaction on the Bitcoin network has been handled by the miners, and all fees have been given to miners. From the standpoint of rational self-interest, it is only natural and obvious that the mining community is satisfied with this arrangement. However, this situation is likely to be disrupted by Bitcoin developers building lightning network and side chain layer two protocols. If a second layer comes to fruition, many Bitcoin transactions will be facilitated through it, thus bypassing miners, and ultimately resulting in them receiving less fees. It is obvious that the mining community wouldn’t be happy with this type of change.
If this is to be the general state of affairs, with the developers producing functions that only serve the users, then users will exercise these functionalities, and the miners will have no way of stopping it. However, the current circumstances in bitcoin are subtle. God (or perhaps Satoshi) has given the miners a blocking instrument. This ‘blocking instrument’ is the malleability loophole. This bug has inadvertently become developers’ largest obstacle in producing new functionality. By not removing this bug, developers’ second layer protocols will be hard to implement. The fix to this bug is segwit, but implementing this type of plan requires the mining community’s support.
In other words, transaction malleability has become the mining community’s first line of defense, a passage ((of a mountain range)) that can be guarded. Holding this point alone will strangle the development of layer 2 protocols, preventing transaction fee revenue being spread to outside of the mining community.
Rational self interest is human nature. Moreover, in order to win customer support, many layer two protocols such as the lightning network are exaggerating the functionality and benefits, and saying nothing of the limitations and shortcomings. This further exacerbates the miners’ fears. Therefore, the miners coming together to boycott segwit implementation to guard transaction malleability is the first line of defense.
Blocking the fixing of a bug, on an emotional level as well as a logical one, is not appropriate. These miners know this in their hearts. That is why they do not bring the issue to attention and are not willing to clearly articulate their position. From their perspective, a relatively compromising strategy is to delay segwit and promote on-chain scaling.
Why would they promote on-chain scaling you ask? Because if the on-chain fees are kept to within a reasonable scope, the user’s attraction to second layer protocols wouldn’t be as great.
We can draw an example from the global oil trade. OPEC enjoyed a monopoly over global crude oil supply and was able to raise prices above 100 usd per barrel. However, this lead to the development of shale oil, breaking OPEC's monopoly. If OPEC had kept oil prices at a marginally lower level, say 50 USD per barrel, shale oil development would not have been as attractive. Now, shale oil production has become entrenched. Even if OPEC dropped prices to 30 USD per barrel, they would still be unable to destroy shale production. This has created an unfavorable situation for oil producing countries. Miners are afraid of exactly this type of phenomenon.
In summary. The hard fork is not an issue spawned from differing ideological points of view. Rather, it is a simple conflict of interest. The conflict cannot be resolved via slogans, propaganda, arguments of ideological correctness, fears of centralization, or fanning the flames of war amongst users. These are not paths to the solution.
If we want to solve the problem, we have to talk sincerely about distribution of interests (profits), and reach a compromise in the pursuit of those interests (profits). Miners shouldn't try to strangle the developers in their development of new functionality, and the developers, in designing those new functionalities, must promote defending the interests of the miners. It is the only way bitcoin can achieve its goal of reaching the moon.
20  Bitcoin / Bitcoin Discussion / Are Mining pools spamming the network with fake transactions? on: March 20, 2017, 08:55:48 PM
Are Mining pools spamming the network with fake transactions to prop up transaction fees and push a false narrative about full blocks to support BU and usurp the power to adjust block size?
Or am I just crazy?  Its my personal belief that 80 to 90% of all transactions are fake.
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