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

[eXpl0sive]

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

That is correct. And that's the reason for the recent price rise in ZCL.

[winmon]

That was one heck of a rise......

[BTC-BTC-BTC]

The project is looking very promising and good that I have a very small amount of ZCL. Hoping to get a little more. Good luck with the project.

[sahimsabaubaba]

i'm kinda late to the game, but does Cryptopia support BTCP fork? If not, then technically we need to have ZCL in our wallets during the snapshot. Then afterwards everyone will be sending his/her BTCP to exchanges to dump. Am i correct?

[grillocoin]

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

[br2459]

i'm kinda late to the game, but does Cryptopia support BTCP fork? If not, then technically we need to have ZCL in our wallets during the snapshot. Then afterwards everyone will be sending his/her BTCP to exchanges to dump. Am i correct?

So far the only Exchange that has a potential listing is Binance, which the dev team has an application pending for currently. Yes you are right about the wallet. Until there is full exchange support you will need to have it in a local wallet where you hold the private key for. And yes on the dumping part as well.

[wttbs]

do you guys think bittrex will support the hard-fork ?

[winmon]

I KNEW I should've been buying ZCL during the last dip down to about $60.....  well, I did, but not nearly enough.

I think this is going to do very well after the fork (at least btcp should do well).......but that' just one man's opinion.

Good luck to all...  Feb 28 is rapidly approaching

[pghmyn]

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..

I think that's just it, though. It has Bitcoin in the name. Brings in a lot of attention just because of that.

[winmon]

Maybe we should vote, lol.  Will it FLY or FLOP? 

[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.

That is correct. And that's the reason for the recent price rise in ZCL.

I am on the edge of buying ZCL but not so sure about it. I believe that the price of ZCL will drop heavily even before the snapshot. To me personally this is a super risky gamble. And the ZCL devs already said that it is unclear how ZCL as a network will proceed afterwards. So the whole buying activity is because of the fork but someone might play it even smarter. Most likely the people who started buying at 3-4 dollars are now slowly selling into the demand up to 150 dollars.

[brooklynite1]

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

Obviously 'BTCP will be lower because they are giving away 1.25 to 5x BTCP to each ZCL mined to their donation pool (where you donate and lose all your mined ZCL waiting for future BTCP).

But it will start high and drop quickly.

[brooklynite1]

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

That is correct. And that's the reason for the recent price rise in ZCL.

I am on the edge of buying ZCL but not so sure about it.

Pump Pump Pump! Watch out!

[PandaPool.io]

https://pandapool.io — fist mine pool for BTCH! start from February 28th, 2018

[Dimedroll]

I mine ZCL approximately 1 month and like it)
Join to this hardfork
Can I use Electrum wallet for this hardfork by Mac OS?

[vlom]

I mine ZCL approximately 1 month and like it)
Join to this hardfork
Can I use Electrum wallet for this hardfork by Mac OS?

yes you can use this wallet. but you have to rename it if you are using electrum wallet for BTC too. you can just give the app inside the dmg a new name like electrum-z. after you launched the wallet the first it will create a unique folder .electrum-zcl. so no conflict with other eletrumn wallets.

[bubbagump]

It looks like the initial distribution will account for more than 20.1 million coins (approximately 16,864,500 BTC + 3,312,500 ZCL) already which leaves less than 900K left to still be mined so what happens when 21 mil is reached?  Also, how many coins per block?

Considering that there isn't even a whitepaper when the "fork" date is so close, this just looks like a scheme for ZCL holders to pump the price and dump their bags on unsuspecting idiots.

[br2459]

It looks like the initial distribution will account for more than 20.1 million coins (approximately 16,864,500 BTC + 3,312,500 ZCL) already which leaves less than 900K left to still be mined so what happens when 21 mil is reached?  Also, how many coins per block?

Considering that there isn't even a whitepaper when the "fork" date is so close, this just looks like a scheme for ZCL holders to pump the price and dump their bags on unsuspecting idiots.

No whitepaper released yet but it's on the roadmap. See there tweet on Feb 1st.

https://twitter.com/bitcoinprivate/status/959251814368628737

[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.

That is correct. And that's the reason for the recent price rise in ZCL.

I am on the edge of buying ZCL but not so sure about it.

Pump Pump Pump! Watch out!

I decided against buying even though it might have been a seemingly bad decision. But didn't want to take this risk of others dumping on me right away.

[XCNP]

Let's see how this fork plays since it is much more different by mixing up other coins. Fortunately being hodler I have Bitcoins to qualify for this upcoming fork at the end of this month. That's sound good that buying other coins for forked ones isn't good strategy specially after this was announced so hold on whatever you have and minimize the risk.