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Author Topic: Baby Bitcoins AKA Forks- What is your pick? Here is mine! BTCP  (Read 75 times)
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February 16, 2018, 08:36:38 AM
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BTCTCP
Privacy focus: The only two people who know of any transaction details are the sender and receiver. zk-SNARKs privacy protocol is a cryptographic tool underlying Zcash. Arguably the best privacy protocol out there. It proves that you have performed a computation over some inputs without revealing all the inputs. These proofs verify transactions while protecting users' privacy. The original vision of Bitcoin was anchored around the idea of privacy. The ability to spend your currency without being tracked by anyone, but we can`t really say that is true today, can we? It has been deanonymized to some extent, so it is possible to track your transactions today albeit with a lot of work and this gets easier by the day. The people you want to have privacy from are the Hackers-crypto thieves BTCP`s private ledger hides all your transactions from these undesirables.
Photo by Andre Francois

Speed: Bitcoin Private is a lot faster than Bitcoin up to 6 times faster averaging 2.5 minutes in transaction speed. The bigger block size at 2MB makes it double the Bitcoin block size. Yes, Bitcoin Cash may have a much larger block size but Bitcoin Private's privacy trumps anything currently available.

Governance: There is a transparent governance process at Bitcoin Private with a team of 5 all holding the keys to the wallet via multi-sig and all must agree to any transaction after consulting with the community, discussing and voting. This process through which the community decides is nonexistent in Bitcoin and the new baby bitcoins or most crypto-currencies for that matter thus a lot of the skirmishes and indecision which appear to be a common feature lately. For all their great achievements, LiteCoin`s Charlie lee and Ethereum`s Vitalik Butterin make all the important decisions and they seem to have made great decisions to this point but what happens in their absence, does progress and adaptation stop in its tracks? This problem has been preempted by Bitcoin Private’s transparent governance system that is centered around the open source community.

Community: I like the fact that I heard about Bitcoin Private way before I knew about Z-classic`s Rhett, this to me is a hallmark of substance. Too often we see more show that substance but for a project to fly this high and all I knew was the volunteers speaks volumes about Rhett`s leadership and vision to make it a truly open source community driven project. Of course, I wish I had known earlier I would have loaded up on ZCL at 4 bucks but not to worry I have mined 1 ZCL through the pool!

100 volunteer developers just donating their time to the privacy project, the electrum wallet, the mining pool, this is a community building something from the ground up and with no entitlement mentality.

Low Cost = High Value: High fees of Bitcoin transactions make it less likely to be used for everyday purchases. Up to $15 for a $300 transaction is just not practical or simply affordable. With Crypto going mainstream and being loaded on cards, you certainly don’t want to buy lunch and pay a $15 transaction fee for it. Bitcoin Private massively reduces theses fees to a negligible fraction and No pre-mine, no founders tax put`s everybody on an equal footing.

Bitcoin private may be the newest baby Bitcoin, but I believe it is the smartest in the Bitcoin family.BTC
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