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

[btcgreen00]

For me, this coin lost perspective when for some reason they decided to make the reward for the block so low. Taking into account the situation with ZCL, I came to the conclusion that this is a pre-planned operation. Despite the preemine I believe that BTG is more promising.

[masternode]

Why did zcl start its pump dec 25 and this announcement was posted jan 1. Is there another announcement of btcp somewhere?

No. It was insider trading.

Definitely by some friends n family of a serial forker

Is anyone interested in investigating this crime? Some people made millions and millions of dollars in an immoral and illegal way. Such people are a disaster for our crypto community. They enrich themselves and make everyone else poorer and devalue the whole crypto currency system.

If someone has the balls to make an official case out of it, this would truly draw global attention to it. And if I think about it, there might be a good chance that those guys get into deep trouble. The price increase on Dec 25 was clearly insider trading. And if exchanges are forced to provide info, I can imagine that the right blockchain analysis delivers the results a court might be looking for.

[CryptoMindstate]

Why did zcl start its pump dec 25 and this announcement was posted jan 1. Is there another announcement of btcp somewhere?

No. It was insider trading.

Definitely by some friends n family of a serial forker

Is anyone interested in investigating this crime? Some people made millions and millions of dollars in an immoral and illegal way. Such people are a disaster for our crypto community. They enrich themselves and make everyone else poorer and devalue the whole crypto currency system.

If someone has the balls to make an official case out of it, this would truly draw global attention to it. And if I think about it, there might be a good chance that those guys get into deep trouble. The price increase on Dec 25 was clearly insider trading. And if exchanges are forced to provide info, I can imagine that the right blockchain analysis delivers the results a court might be looking for.

You may wanna do a bit more research before starting that 'case'.

This was tweeted on December 14:
"I would like to propose revitalizing @ZclassicCoin by migrating it to become a Bitcoin Hardfork, "Bitcoin Private" (or possibly other name).
New coinbase inputs would be airdropped onto the blockchain as a hardfork.  What do you think? Should we add "Bitcoin Private" to the mix?"
Source: https://twitter.com/HeyRhett/status/941197043267186688

Additionally, a few days earlier he tweeted about revitalizing Zclassic
https://twitter.com/HeyRhett/status/939300477472333824

Finally, the Bitcoin Private team is a totally different team than the Zclassic team. Of all the Bitcoin Private team members (50+), only Rhett was a teammember of Zclassic when he made the tweet on Dec 14.

[Haze The Hobo]

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

BTG is not Z coin, there is a huge difference. Z coins provide anonymity that BTC, BCH, BTG and any other coin doesn't have (BTCZ has, but too high max supply to be a competitor). Markets are not crashing because of "wannabe dec Bitcoin's". Markets are crashing overall because all the FUD happening around cryptos. Many people cashed out and are afraid of possible regulations. Overall crypto market volatility is on red level and having a bearish run.

[BillionDollarMan]

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

BTG is not Z coin, there is a huge difference. Z coins provide anonymity that BTC, BCH, BTG and any other coin doesn't have (BTCZ has, but too high max supply to be a competitor). Markets are not crashing because of "wannabe dec Bitcoin's". Markets are crashing overall because all the FUD happening around cryptos. Many people cashed out and are afraid of possible regulations. Overall crypto market volatility is on red level and having a bearish run.

That's why I buy Monero

[ophyrim]

Why are people so excited about new exchanges listing a coin? That does not help a coin gain value or go up.

More exchange provides more volume and more volume is needed for a healthy market price. Lover volatility and more stability. Trade pair are also important. BTCP-BTC is not enough.  We also need BTCP-ETH and of course BTC-USDT.

[kahc]

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

BTG is not Z coin, there is a huge difference. Z coins provide anonymity that BTC, BCH, BTG and any other coin doesn't have (BTCZ has, but too high max supply to be a competitor). Markets are not crashing because of "wannabe dec Bitcoin's". Markets are crashing overall because all the FUD happening around cryptos. Many people cashed out and are afraid of possible regulations. Overall crypto market volatility is on red level and having a bearish run.

That's why I buy Monero

Monero is a good privacy coin, however the transaction size and fee is ridiculous.

Try to do multiple small transactions, and you will end up paying more in transaction fee than the transacted amount.
Hopefully Monero can reduce the transaction size thus the fee with the Bulletproofs implementation, otherwise they will be out in the cold.

Another problem with Monero is the effing slow/complex integrations.......
An example :
Hardware wallets, they have been talking about that for ages, and it is still under development.

The way I see it:
Crypto v1 = Bitcoin
Crypto v2 = Monero with Bulletproofs
Crypto v3 = BTCP with zk-STARKS

[SimpleMan]

On a single exchange against different markets price starts from $60.82 and reaches at $67.05. It is best to wait for more exchanges to show some flexibility over the next few weeks to open trade and then can appear real value. In all this period no one can tells with surety where the price will be heading. It is all free money better hold instead of regretting later.

IT'S NOT FREE MONEY.  Everyone who held Zclassic lost and now holds BTCP. It would be free money if Zclassic held its value but basically have a one for another. But I agree that holding is way better right now.
It's rumored that there will be a burn of BTCP on coins not claimed and lingering in the blockchain. Is this true?  If so, the value should climb and anyone who sells now would be out.

Why there is need to burn coin? Why not giving away as POS to the community that trust in it??

How would that even be done on the protocol level? If someone doesn't use the private key in time to claim the BTCP they will be destroyed? I doubt that such a mechanism has been implemented into the BTCP protocol. Or did I miss an announcement?

The coin burn is just a proposed solution to a problem.
Anyway I don't see any problem with them burning unclaimed coins after a while.


From their Whitepaper

Section 2
After launch, there will be approximately 700,000 mineable Bitcoin Private. A starting block reward of 1.5625 Bitcoin Private has
been selected along with a halving every 210,000 blocks(~1 year). However, if this
experiment proves unsuccessful, an alternative plan can be implemented, which
is outlined in Section 7.


Section 7
As stated in Section 2, the low amount of mineable Bitcoin Private
remaining after the fork could cause some problems, including extremely low
network hash rate. A possible solution is to offer the removal of coins that remain
unmoved from before the fork. If this implementation is chosen, approximately
0.14% of all unmoved Bitcoin Private coins from the fork would be removed daily
over the course of two years. In this scenario, Bitcoin Private coins would be
removed equally across all wallets: each wallet with unmoved Bitcoin Private will
lose ca. 0.14% of its coins per day for 2 years. This methodology would free up a
significant portion of coins for miners while giving ample time for users to move
their forked coins. Furthermore, the low percentage of daily removal should
prevent any shock to the market cap occurring.

I appreciate that you looked it up and quoted it here. I must say that I don't like coin burning. There is no reason other than creating additional scarcity for those who are in possession of large amounts of BTCP. Why burn at all? What is the point? Why not just let the fork be the fork and if someone decides to claim the BTCP that's fine, if not then not. Nobody is going to burn Satoshis BTC only because he/she/they might move them some day. It's an unfair restriction on how people may decide to use their funds or not.

[luki19994]

 Monero ring-ct is demonstrably non-private
estimates state up to 60% of txns could be de-anonymized with enough effort
zk-snarks is proven to be much much more private

[luki19994]

BTCP brings tech from both zclassic(zk-snarks) and btc(segwit-lightning capabilities)

[sergeygusev69]

another fork of bitcoin? I wonder what will happen to him? until all is not very good, as I see it. what do you think? on which exchanges is the coin traded?

[AlloM]

BTCP brings tech from both zclassic(zk-snarks) and btc(segwit-lightning capabilities)

It will bring nothing just some dreams and so high expectation if you look over the distribution method than it became totally crap. Can you provide the link where is combination of both tech.

[luki19994]

Maybe this help
https://medium.com/@bitcoinprivate/community-update-2-moving-at-lightning-speed-building-our-product-and-brand-75f6f4924c5

Btw I only repeat what the admin in t chat tells

[TeraBite]

Maybe this help
https://medium.com/@bitcoinprivate/community-update-2-moving-at-lightning-speed-building-our-product-and-brand-75f6f4924c5

Btw I only repeat what the admin in t chat tells

It sounds great this is interesting update I hope so very soon we will hear more good news which will help to boost the growth of this coin. So many people want to see this coin at good position among top 10 markets.

[luki19994]

https://btcprivate.org/whitepaper.pdf?lang=de_DE

[luki19994]

I think the whole market is in a slump including NYSE, etc.
This may be normal consolidation after BTC run-up to $20k??

I think that BTCP will naturally get slammed as peeps with held
coins decide to unload.  My Bittrex Wallet just started allowing withdrawals
couple days back, so this is expected.  I think the smart peeps know
this is the time to pick up some more.

With the "same # of coins" as BTC & BCH, and being a functionally better
coin, I can't see why this won't be $1,000 within a year as Exchanges
come on board and the regular BTC market gets back above $15k, maybe $30k.

That's why I just doubled my BTCP holding to 120, picking up these
last 60 at $39.71 on https://tradesatoshi.com/Exchange/?market=BTCP_BTC.

Remember ZCL ran up to over $200 just after XMas 2018.  That was based on the news
of the impending fork to Bitcoin Private, so I am very excited to see where this goes
on the next crazy run-up in cryptos.

If you want a coin sure to outdo BTC from this low point, this is your coin.  Think about it...
SAME RARITY AS BTC, and $39/$8,232 = .004737 or only 4/1,000ths as large.  From a fractional
point of view, BTCP has the distinct advantage.  In other words, will BTCP go to 3X or $117
before BTC 3X's to $24,696....I think BTCP will win that race, AND YOU'LL BE UP 200%!
(and if BTC goes to $15k range you're really up another 2X: Total 6X!)

Don't miss out, pick yourself up a few and tuck them away, might buy you a nice car some day.

HODLing till $1,000+ range.

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

Maybe almost the same but at least one is other , the zk-snarks that’s the reason is called private 

[Zggdrasil]

I think the whole market is in a slump including NYSE, etc.
This may be normal consolidation after BTC run-up to $20k??

I think that BTCP will naturally get slammed as peeps with held
coins decide to unload.  My Bittrex Wallet just started allowing withdrawals
couple days back, so this is expected.  I think the smart peeps know
this is the time to pick up some more.

With the "same # of coins" as BTC & BCH, and being a functionally better
coin, I can't see why this won't be $1,000 within a year as Exchanges
come on board and the regular BTC market gets back above $15k, maybe $30k.

That's why I just doubled my BTCP holding to 120, picking up these
last 60 at $39.71 on https://tradesatoshi.com/Exchange/?market=BTCP_BTC.

Remember ZCL ran up to over $200 just after XMas 2018.  That was based on the news
of the impending fork to Bitcoin Private, so I am very excited to see where this goes
on the next crazy run-up in cryptos.

If you want a coin sure to outdo BTC from this low point, this is your coin.  Think about it...
SAME RARITY AS BTC, and $39/$8,232 = .004737 or only 4/1,000ths as large.  From a fractional
point of view, BTCP has the distinct advantage.  In other words, will BTCP go to 3X or $117
before BTC 3X's to $24,696....I think BTCP will win that race, AND YOU'LL BE UP 200%!
(and if BTC goes to $15k range you're really up another 2X: Total 6X!)

Don't miss out, pick yourself up a few and tuck them away, might buy you a nice car some day.

HODLing till $1,000+ range.

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

Maybe almost the same but at least one is other , the zk-snarks that’s the reason is called private 

And when people will start to understand what has happened, they will fork it again the fork-fork-fork.. and so on xD
Everything that have Bitcoin in name is a scam, except BTC ofc, yes you can do a lot of money with scams, but they end and when this happens you better to be out of that.
BTC

[kahc]

With your logic Bitcoin gold (Equihash dec same as BTCP) (Its almost exactly the same coin) should be 1000$ too? BTG is crashing cuz none wants a wannabe dec Bitcoin. Thats hwy BTCP wont be even close to BTC

Maybe almost the same but at least one is other , the zk-snarks that’s the reason is called private  

And when people will start to understand what has happened, they will fork it again the fork-fork-fork.. and so on xD
Everything that have Bitcoin in name is a scam, except BTC ofc, yes you can do a lot of money with scams, but they end and when this happens you better to be out of that.
BTC

Forks need community support to survive, that's why only Bitcoin Cash, Bitcoin Gold and Bitcoin Private are considered successful on that list.
The rest are just forced forks without community support, scam forks as you call them.

Bitcoin Gold was kind of in the grey area, it survived despite being heavily opposed.

[Lontonbit]

Bitcoin Private is the only fork that offers something of value. It's true value will eventually pass bcash based on fundamentals even without as much financial backing

[butka]

Bitcoin Private is the only fork that offers something of value. It's true value will eventually pass bcash based on fundamentals even without as much financial backing

Bitcoin Private is the ONLY fork with a whitepaper before the fork actually happened! It has a good development and a clear strategy. But it's not a for those who are looking for a quick profit. If you are not in this game  long term, you will be stressed every time your favorite currency goes up or down. Not worth it if you ask me. Just HODL and wait.