[ANN] [BTCP] BitcoinPrivate: A Truly Private Bitcoin [Equihash]

[mullenmanBTC]

Z classic is currently down 10%. I think we're in an interesting market position where alts are being corrected and because revenue isnt flowing in from alts to be able to reinvest, alot of people are keeping their money in btc for the fork anyway. Why buy ZCL with BTC.

[snowyNNN]

Z classic is currently down 10%. I think we're in an interesting market position where alts are being corrected and because revenue isnt flowing in from alts to be able to reinvest, alot of people are keeping their money in btc for the fork anyway. Why buy ZCL with BTC.

Maybe because 1 BTC= 1 Bprivate
        and
                       1 ZCL= 1 Bprivate

1 BTC = 80 ZCL

[sergekaramazov]

One concern is that BTCP needs more visibility, we need to have more communication around and i think the Bitcoin Private Meme Contest - #CastleMeSomeBTCP is interesting in that way. So i decided to participate : https://twitter.com/maitreludo/status/958353820341424129 . Tell me what you think.

[DrYM]

Should we be worried that the zclassic donation pool is dominated by *one* miner? Should that be a cause for concern? thoughts anyone?

[Araviel]

What is the point to build the windows binaries on linux if we don't own linux systems  

can someone build it for us please ? Its 2018 guys

[prologas]

Reserved for https://syspool.org

[dunchy]

Is this coin going to fork from ZCl or from BTC? If the plan is to fork from ZCL, then I guess BTC owners will have to use sign/verify message as a mechanism for claiming, right? Be aware that this mechanism is not defined for segwit type addresses, which basically leaves out everyone who moved to segwit.

[eXpl0sive]

Is this coin going to fork from ZCl or from BTC? If the plan is to fork from ZCL, then I guess BTC owners will have to use sign/verify message as a mechanism for claiming, right? Be aware that this mechanism is not defined for segwit type addresses, which basically leaves out everyone who moved to segwit.

ZCL and BTC both included.

You own 1 ZCL --> You keep 1 ZCL + get 1 BTCP
You own 1 BTC --> You keep 1 BTC + get 1 BTCP

And yes, BTCP does not have SegWit hence the fork will leave out all SegWit BTC addresses.

[brooklynite1]

So ZCL is being abandoned and replaced by BTCP?

But we already have BTCZ that is ZERO premine and has ZSnarks.
BTCZ already has official Android Wallet which ZClassic still does not.
BTCZ market cap is at a ridiculous low level of only $7M
And still the most profitable coin to mine in Equihash.

So can someone explain to me what the point of BTCP is?

[fraidycat19]

If i hold ZCL in Eleos v010 will i receive automatically BTCP? Where should i transfer my coins? Currently  i have some coins on miningpoolhub

[truongcoin337]

Can I use the ZCLASSIC wallet for the voluntary donation program at fund.zclassic.org? To ensure that the end I will get the BTCP!

[novag]

Tell me please, if I only have 1 bitcoin, I can only get one Bitcoin Private?

[ljbawss]

Tell me please, if I only have 1 bitcoin, I can only get one Bitcoin Private?

yes,

Or if you sell your BTC for ZCL you get about 110 ZCL and you'll receive 110 BTCP in a month

[Proilyxa]

Great news , announced multiwallet for Zcl and BTCP

[Eron the true]

So ZCL is being abandoned and replaced by BTCP?

But we already have BTCZ that is ZERO premine and has ZSnarks.
BTCZ already has official Android Wallet which ZClassic still does not.
BTCZ market cap is at a ridiculous low level of only $7M
And still the most profitable coin to mine in Equihash.

So can someone explain to me what the point of BTCP is?

Did you hear about BTCD ? XD

[Eron the true]

Do we need to put 1zcl in public address wallet or private address wallet?

Thx

[dvince]

Whats the point of another fork? We have already enough privacy coins. BTCP will be for noobs, because it will be cheap and it has BTC and privacy in name.
And why ZCL support this fork? After the fork everyone will dump ZCL..

[variable42]

Since the project team doesn't seem to want to do it, I'd like everyone here to know that the end date of the Voluntary Miner Contribution Program has apparently been extended to February 28. This is three days later than the original date of February 25. They went so far as to edit their reddit comment with the new date, but not actually notify anyone via a new thread or tweet or anything.

[rizwan15g148]

https://i.imgur.com/moAWiqo.png

Update: Please see details about our Voluntary Miner Contribution Program here.

BITCOIN PRIVATE
Similar to Bitcoin, BTCP will support peer-to-peer transactions without an intermediary. These transactions will be verified by network nodes through the use of cryptography and recorded in a public ledger. Unlike Bitcoin, BTCP supports an increased block size and block time for faster transactions with lower fees. Furthermore, transactions can be performed on a private (z) ledger. When sending from one private address to another, the sender, recipient, and amount are all private.

The importance of Bitcoin Private
Recently, it has become clear that the crypto community’s privacy is at risk. Everytime one makes a transaction on the Bitcoin blockchain, the transaction is recorded on the blockchain in perpetuity for anyone to see. We have seen the BitFury Group use this information to de-anonymize over 15% of the entire Bitcoin network, along with many other examples. This led us to create Bitcoin Private (BTCP) - a fork-merge of the ZCL & BTC blockchains and introduction of the zk-SNARKS feature to Bitcoin.

The hard fork will allow users to safely transfer their digital currency without any threat to their privacy, known as “shielded transactions, on the Bitcoin Private blockchain. For example, transactions would still take place on this Bitcoin based blockchain, except without being recorded anywhere on the ledger-- thus leaving absolutely no trail of your transaction details to anyone other than the sender and recipient. This has never been done before with any Bitcoin hard fork. Ultimately, privacy was once a cornerstone of Bitcoin but can no longer be guaranteed today.
Aside from the shielded transactions, Bitcoin Private is also making transactions faster and more efficient by doubling the Bitcoin block size from 1MB to 2MB.

Bitcoin & ZClassic Snapshot Date
The Bitcoin Private contribution team announced the much-anticipated snapshot date of both Bitcoin & ZClassive which are scheduled to occur on February 28, 2018. This announcement was made at the first official Bitcoin Private Conference held in Austin, Texas. The fork date and mainnet launch is scheduled to occur ~2 days later.

Bitcoin Private will be distributed on a 1:1 basis. This means, that for every 1 ZClassic (ZCL) or 1 Bitcoin (BTC) held during the snapshot, holders will receive 1 Bitcoin Private. For example, if someone holds 20.3 ZClassic and 1.5 Bitcoin, he/she will receive 21.8 Bitcoin Private.

Moving forward, the Bitcoin Private team will continue securing appropriate partnerships to bolster the Bitcoin Private initiative. You should expect announcements around these partnerships to continue throughout 2018 as we seek to build a sustainable technology platform.

We anticipate our development team to continue growing in headcount and skill set, which allows us to build out our ambitious post-fork technology roadmap. The successful execution of our roadmap will allow Bitcoin Private to deliver superior value to other Bitcoin hard forks, especially around privacy and transaction speeds.
Ultimately, we believe in a cryptocurrency world where everyone can trust their privacy will be respected.
 

FREQUENTLY ASKED QUESTIONS

Who is running the project?
See our team here.

When is the hard fork date?
The BTC+ZCL snapshot date for the long awaited Bitcoin Private Hardfork will occur on February 28th, 2018. Fork Date and Main Net Launch is approximately 2 days later.

How will BTCP be distributed?
If you have 1 ZCL, you keep 1 ZCL and get 1 BTCP, if you have 1 BTC, you keep your BTC and get 1 BTCP.

What is going to happen to ZCL after the hard fork?
It will still exist, though we are unsure how its development will continue as of right now.

Is there a premine or a founder's reward?
No to premine. We asked the community about a small founder's reward and the support was not overwhelming.

What exchanges will support the fork?
As of right now, we can not comment on exchange support.

Where can I store my ZCL to ensure I get my BTCP?
Please refer to https://zclassic.org for latest releases.

How do I mine ZCL?
We recommend you join our Voluntary Miner Contribution Program.

How do I get involved in the fork?
Please reach out to us on Reddit, Twitter, Discord, or Telegram.

Where can I buy ZCL right now?
Bittrex, Cryptopia, and Coinexchange.io

How do I claim my BTCP from ZCL?
Backup your private keys in any ZCL wallet and then import them into the BTCP wallet which will be released on the fork date.

How many BTCP will there be after the fork?
There are approximately 3 million ZCL and approximately 16.7 million BTC, so there will be approximately 19.7 million BTCP after the fork.

Can I donate to the team?
Yes you can! We're all volunteers and as such your donation is greatly appreciated. See the below wallet addresses. You can also join the Voluntary Miner Contribution Program and if you aren't a miner, you can still join the program by following this guide.

Bitcoin Private (BTCP)
Press: bitcoinprivatemarketing@gmail.com
Website: https://www.btcprivate.org
Twitter:http://www.twitter.com/bitcoinprivate
Telegram Group: http://t.me/bitcoinprivate
Telegram Announcements: http://t.me/bitcoinprivatenews

Github: https://github.com/BTCPrivate/BitcoinPrivate
Coinmarketcap: TBA
Reddit: https://www.reddit.com/r/BitcoinPrivate/
Discord: http://discord.gg/9DyxXnx
Exchanges: TBA

Contribution Team Donation Addresses:

BTC address: 1CqSD9rxdQnKEwzqqbLwpgwCeQikFCifPj
ZCL address: t1gsePJZ6ojJYygj3PWMGJfojPUoMd5AVfU
LTC address: LNYzDrUeX6PSecu4sL4eZkuJGaSXnf8GUH
BCH: 1MxJteinBWHMUibDxADujrgzXfX1LeVZKN

ZClassic (ZCL)
Website: http://zclassic.org/
Explorer: http://explorer.zclmine.pro
ANN: https://bitcointalk.org/index.php?topic=1671982
Github: https://github.com/z-classic/zclassic
Coinmarketcap: https://coinmarketcap.com/currencies/zclassic/
Reddit: https://www.reddit.com/r/ZClassic/
Twitter: https://twitter.com/ZclassicCoin
Telegram News: https://t.me/bitcoinprivatenews
Discord: https://discord.gg/BGbC88c
ZCL Electrum Wallet: https://github.com/BTCP-community/electrum-zcl/releases

ZClassic Exchanges:
https://bittrex.com/Market/Index?MarketName=BTC-ZCL
https://www.cryptopia.co.nz/Exchange?market=ZCL_BTC
https://www.coinexchange.io/market/ZCL/BTC


Setting up ZCL wallet nodes:
https://redd.it/7n9ily

[SimpleMan]

So the cheapest way to get Bitcoin Private is probably to buy ZCL? Unless I believe Bitcoin Private will drop under current ZCL prices.