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News: Latest Bitcoin Core release: 28.0 [Torrent]
 
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1  Alternate cryptocurrencies / Altcoin Discussion / eth 2.0 is this the end of bitcoin? on: December 29, 2020, 10:39:48 PM
as of many of you know that changing how cryptocurrency protocols works is not easy, like what happen with bitcoin in (2013?) when they made the 0.7 version which increase block size to make bitcoin faster , but all users most update in the same time, users who did not updated will have its transaction not counted in bitcoin core 0.7 blockchain. then whats happen!! most users did not updated which split-ed the blockchain, and the community forced to go back to the previews version of bitcoin core.

nowdays bitcoin still working with its first made block size, but ethereum developed an multi year updating mechanizem that will make it able to handle 100k transaction/sec with new powerful proof of stake mining algorithm, and supporting old versions in the same time.

as for me i was not think that pos is better then pow, but lastly i read i article from vitalic the co-founder of eth about why pos is better then pow, which his article was not really neutral , but it made me re-think about pos and starting researching and discovered that attacking pos with 51% attack is hard like attacking pow, and pos have super less energy consumption add to that they will make eth 2.0 can handle more transaction for next generation.

the only problem i faced that blockchain size will be super high and there is no way to cut it because if 51% attack happen we will need that data to recover eth and also bringing ability to cut blockchain into limited size will increase ability to exploit it because of some complicated things

now with this problem if eth converted to eth 2.0 in next 2 years, and bitcoin developers did not respond fast, you can say bay bay to bitcoin, lightening network will not help much , we need POS , which need changing how bitcoin DNA works what might cause problem like in bitcoin core 0.7v ethereum also will able to support old version of eth 1.0 in the sametime

i think if developers simply send and first update that make bitcoin core refuse to work if it did not updated and then send the new version that support pos , this will force old bitcoin core versions to update, so we can say at least 90% of users will updated there softwares, then we can say we did it

any thought?

sorry for my bad English, i just wanted to give my opinion  Tongue
2  Economy / Exchanges / what you think about bitcoin/bch/paypal does paypal cheating on: November 19, 2020, 11:16:52 PM
someone said that paypal will sell fake bitcoin/bch/alts
so there a problem in this , paypal generally can product fake bitcoins and sell them to costumers lets say by 10k/bitcoin ( depend on the price in that time)
 then if some one want to restore his usd and bitcoin goes up to 20k paypal will be in problem because she lost the money that she earned by cheating ( i know complicated calculating)

i have bought some bch at 246usd/bch and do you think the process will goes okay and paypal will really buy bch to sell it to us? if yes that mean bch will go over 300usd/bch

also which you can't send out or in bitcoin to your paypal account that mean its just like trading platform, so if you have bitcoin bought using paypal and you want to buy from a site that accept only bitcoin, then paypal will be forced to send a bitcoin transection, so it means you can send bitcoin out of your paypal account

add to that if you want to buy from a site that only accept paypal and you have bitcoin then if you cna t send the bitcoin to paypl wallet and then convert it to usd , then the paypal acceeptance of bitcoin is useless because you need to have usd paypal funds already

if paypal really sell fake bitcoin that mean the marketcap will goes down because people will stop buying bitcoin from the exchanges and buy them directly from paypal that she will not buy it from the exchangers, the mean less demand and and higher supply of unpaid bitcoins in exchanges like binance
so less price of bitcoin/alt will expected

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paypal: There are no service fees when buying or selling cryptocurrency through December 31, 2020, and there are no fees for holding cryptocurrency in a PayPal account.
https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency?sf130849673=1
i seen pic in twitter say you can't also send bitcoin in and out paylpal which i dobet

We are launching a new service that will enable customers to buy, hold and sell cryptocurrency directly from their PayPal account. The service will be available to PayPal account holders in the U.S. in the coming weeks and initially feature Bitcoin, Ethereum, Bitcoin Cash and Litecoin directly within the PayPal digital wallet
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