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Author Topic: Bitcoin Private: the revolution of privacy coins?  (Read 147 times)
ivanlucci (OP)
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May 25, 2018, 08:54:48 PM
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Have you ever heard about Bitcoin Private (BTCP)?
Bitcoin Private (BTCP) is a cryptocurrency originated from the hard fork of two cryptocurrencies, Bitcoin (BTC) and Zclassic (ZCL), occurred on 28th February at blocks 511346 for BTC and 272991 for ZCL, which was released to the public (main-net launch) on 03/03/2018.

The main advantages in this coin compared to Bitcoin are: best privacy protocol (zK-SNARKs), community driven, lower block time and higher block sizes which results on 8x faster transactions, very low fees, SegWit and Lightning Network ready, PoW algorithm which promotes a decentralized coin ecosystem and difficulty adjustment on every block to control inflation of the coin.

For laymen, a very brief way of explaining the potential of Bitcoin Private is that it uses Bitcoin's own technology, but with shielded (private) and faster transactions, very lower fees and have much more resources!! We can say that Bitcoin Private is like Bitcoin, but much better ..!

Community driven and Ambassador’s Program
A great difference that Bitcoin Private has compared to any other privacy coins is that it is a community driven project, so everybody can be part of the community and help on the project.

There already are more than 50,000 members on their social communities being part of the project and supporting the coin.
If you want to be a member of the community and support the project you just need to join on their channels on Telegram, Twitter, Facebook, Instagram, Medium, Discord, Github or Reddit. You can choose the ones you prefer to use to be a part of.

They also have a program called “Ambassador Program”, where anybody who wants to contribute in the project with any type of knowledge can join. If you want to work on Bitcoin Private join the Ambassador’s Program here and start working and helping on the project!

John McAfee supports Bitcoin Private
After a votation made by John McAfee on his Twitter where there were over 21,000 votes, 70% of the people have chosen him to lead a Privacy Movement to promote privacy within the crypto field all around the world. John has already created the Declaration of Currency Independence where anybody can sign and be support the movement for a fairer financial world.

The BTCP community is very proud and happy to have John McAfee as its newest member. He has been assigned as father of privacy moment and a big representant of Bitcoin Private, as the community believe he is going to be the speaker about Bitcoin Private and promote the big privacy coins.

Hard working developers and modern resources
After only 3 months after main-net launch the strong development team has built much more than everybody thought!  Bitcoin Private already have Ledger and Trezor hard wallets support, SegWit coin claiming, marchant plataform where you can integrate Bitcoin Private payments on your business easily (Bitcoin Private Pay) and transactions via SMS where you don’t need internet to transfer your coins to anybody (Cointigo).
For your surprise this is just the beginning, now the development team are focused on rebase BTCP code base and implementing BIP32, full SegWit and Lightning Network support.

Bitcoin Private short term predictions
After many conquers and happy news in the last week, the latest predictions for Bitcoin Private prices have changed. Specialists believes that the coin may reach $200 worth until the end of July.

In my opinion, this is very possible and not hard to happen, in view of this coin have much value and is only on its beginning, but it’s undervalued because of lack of big exchanges and excessive FUD from people who want the project to falls or from other competitor’s coins.
So maybe now it the time to full our bags with BTCPs as the coin is worth only $25 today and we can get a possible gain of 800%!! Are you in?

Available Exchanges
•   TradeSatoshi: https://tradesatoshi.com/Exchange?market=BTCP_BTC
•   Nanex: https://nanex.co/exchange/BTCPNANO
•   OctaEx: https://www.octaex.com/trade/index/market/btcp_btc/
•   Exrates: https://exrates.me
•   TradeOgre: https://tradeogre.com/exchange/BTC-BTCP
•   Barterdex: https://komodoplatform.com/decentralized-exchange
•   Sistemkoin: https://sistemkoin.com
•   HitBTC: https://hitbtc.com/exchange/BTCP-to-BTC

Bitcoin Private official website: http://btcprivate.org/
Join Bitcoin Private Amabassador’s Program: https://support.btcprivate.org/423334-How-Do-I-Become-An-Ambassador
Sign the Declaration of Currency Indepence: https://currencyindependence.com/
man1975asc
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May 25, 2018, 09:14:54 PM
 #2

I really Love Bitcoin Private! Thank you for your post.
ivanlucci (OP)
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May 26, 2018, 01:22:34 AM
 #3

I really Love Bitcoin Private! Thank you for your post.

Thank you!! I love Bitcoin Private too, hope the community keep the hard working forever
Zandra
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May 26, 2018, 01:43:11 AM
 #4

Bitcoin Private is one of the great coin with the rapidly rising in the market in past and it have a great potential.
Honestly I really like bitcoin private and I believe it will be more great in the future.
AndrewBrown
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May 26, 2018, 07:18:08 AM
 #5

Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. This is why forks have low success rates. Make your own coin and make it to be good, stop forking bitcoin and messing with the value of bitcoin.
butka
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May 26, 2018, 07:50:57 AM
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Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. 
Despite the decent privacy features, you are right about the attempt of this and similar forks to capitalize on the success of of other coins.

And this one is a double fork! Just look at the market cap.

The market cap is artificially inflated because they forked from BTC. The vast majority of bitcoin holders would probably never claim their BTCP coins, ever.

But they are taken into account when calculating the current market cap.
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May 26, 2018, 07:58:09 AM
 #7

BTCP exceeds where most forked coins fail. They have a long-term commitment to the project's development team, their brand and highly-popular privacy features.

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May 26, 2018, 08:10:10 AM
 #8

I hope that the Bitcoin Private (BTCP) can be registered in a large exchange, such as bittrex and binance.
ivanlucci (OP)
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May 26, 2018, 05:08:14 PM
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Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. This is why forks have low success rates. Make your own coin and make it to be good, stop forking bitcoin and messing with the value of bitcoin.

I agree in part with you, is very hard to start a project using someone else codes, but that's why Bitcoin Private will be awesome in the future. With not much time of project developers have conqueer much resources.
And about the unclaimed coins from BTC holders, they're going to be used as reward for mining. BTCP is a medium/long term project.
ivanlucci (OP)
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May 26, 2018, 05:58:43 PM
 #10

Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. 
Despite the decent privacy features, you are right about the attempt of this and similar forks to capitalize on the success of of other coins.

And this one is a double fork! Just look at the market cap.

The market cap is artificially inflated because they forked from BTC. The vast majority of bitcoin holders would probably never claim their BTCP coins, ever.

But they are taken into account when calculating the current market cap.

Unclaimed coins will be used as reward to miners.
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May 26, 2018, 06:02:37 PM
 #11

I have never heard of a bitcoin private, but I already like it. It seems to me that this is a rather interesting and promising project. I think soon this coin will be on all major exchanges.

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butka
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May 26, 2018, 07:34:32 PM
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Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. 
Despite the decent privacy features, you are right about the attempt of this and similar forks to capitalize on the success of of other coins.

And this one is a double fork! Just look at the market cap.

The market cap is artificially inflated because they forked from BTC. The vast majority of bitcoin holders would probably never claim their BTCP coins, ever.

But they are taken into account when calculating the current market cap.

Unclaimed coins will be used as reward to miners.

Yes they will, but for now they all count toward the total market cap. Do you have an estimate of the number of unclaimed coins? Another question is how long they are going to wait before using them as block reward. I guess, they will have to do that in stages, not all of the unclaimed coins at once.
ivanlucci (OP)
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May 26, 2018, 08:23:23 PM
 #13

I hope that the Bitcoin Private (BTCP) can be registered in a large exchange, such as bittrex and binance.

We all hope mate! In my opinion it will, but nobody knows when... can be in one year, one month or one week.
Will BTCP be able on Beaxy? =]
ivanlucci (OP)
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May 26, 2018, 08:32:04 PM
 #14

Any coin that is a fork is just a lazy attempt on the part of the developer to try to piggy back off of the success of the coin that was created by someone else. 
Despite the decent privacy features, you are right about the attempt of this and similar forks to capitalize on the success of of other coins.

And this one is a double fork! Just look at the market cap.

The market cap is artificially inflated because they forked from BTC. The vast majority of bitcoin holders would probably never claim their BTCP coins, ever.

But they are taken into account when calculating the current market cap.

Unclaimed coins will be used as reward to miners.

Yes they will, but for now they all count toward the total market cap. Do you have an estimate of the number of unclaimed coins? Another question is how long they are going to wait before using them as block reward. I guess, they will have to do that in stages, not all of the unclaimed coins at once.

Yes for now it's very bad and probably there is nothing we could do... in my opinion all of the unclaimed coins should be burned, but this is not on the whitepaper. Despite this Bitcoin Private is a community driven project and community have the power to ask for burning unclaimed coins if everybody wants this.

I think that almost 40% of the coins will be unclaimed, i dont know exactly. But probably this coins will be distributed in stages for miners, not all at once.
ivanlucci (OP)
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May 26, 2018, 08:38:11 PM
 #15

I have never heard of a bitcoin private, but I already like it. It seems to me that this is a rather interesting and promising project. I think soon this coin will be on all major exchanges.

Unfortunelly much people don't know Bitcoin Private yet, but i hope soon everybody knows! It's a really interesting and promising project.
You can be part of this if you want, just get in contact and i'll help you.
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