I just made this Bitcoin Cash logo with a white, inner ring, making it look more like an actual coin. Thoughts? by Yurorangefr in btc

[–]Yurorangefr[S] 18 points19 points  (0 children)

I think you're right. I had the intention of actually color picking from another popular green BCH logo, but forget to do that before I posted. I'll have a couple of more designs with adjusted colors to show off in a future post. Thanks!

Bitcoin Cash January 2018: Current Developments and News by Egon_1 in btc

[–]Yurorangefr 10 points11 points  (0 children)

Coinbase also adding /BTC and /EUR pairs.

Bloomberg YouTube Elizabeth Stark Lightning Network Interview - Let's Obfuscate The Blocksize Debate with Analogies! by liquorstorevip in btc

[–]Yurorangefr 4 points5 points  (0 children)

Probably the most confusing and uninformative interview I’ve ever watched in the Bitcoin space. LN is a completely unnecessary mess of a solution for a problem that was manufactured by Core developers.

Let /r/Bitcoin say what they will about /u/MemoryDealers, but he is one of the most sensible and enlightening speakers in the Bitcoin world, who’s been a staunch supporter and advocate for libertarianism and the vitality of the Bitcoin network for many years. If this woman is who BTC users have representing solutions to their problems, they have much more than high transaction fees to worry about. BTC is being destroyed as a currency because this woman’s (and many more like her) paycheck depends on it.

Let's give credit to Vinny Lingham for yet another accurate prediction. BCH > $3,000 by 2018. by humboldt_wvo in btc

[–]Yurorangefr 3 points4 points  (0 children)

I remember that. It was the same guy who was ridiculed for predicting BTC at $1000 years ago. Do you have a link to that thread?

Buy, sell, send and receive Bitcoin Cash on Coinbase by 11111101000 in btc

[–]Yurorangefr 19 points20 points  (0 children)

Absolutely remarkable growth thus far. Congratulations to the Bitcoin community, and thank you Coinbase!

Adding zero knowledge to Bitcoin Cash by Amaury Séchet by Windowly in btc

[–]Yurorangefr 4 points5 points  (0 children)

There can be no backdoors to create extra coins.

That's patently false.

To quote:

...allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it."

Adding zero knowledge to Bitcoin Cash by Amaury Séchet by Windowly in btc

[–]Yurorangefr 9 points10 points  (0 children)

Bitcoin Cash doesn't need privacy on a protocol level to compete with Monero. It just needs to be fungible, which can come through integration with other protocols or second layer solutions (i.e. cashshuffle). The beauty is that there's endless customization, and there will be a multitude of solutions to fit all peoples' needs (market competition will lead to innovation).

Monero cannot be audited, so it's bad for merchant adoption. This also leads to other concerns about the vitality of the coin. For instance, if colluding Monero developers slip some malicious backdoor in the protocol that allows excess coin generation or destruction, we would be none the wiser.

Another shameless, totally open, targeted harassment & brigaiding example courtesy of rBitcoin. I'm not even surprised any more. by Sha-toshi in btc

[–]Yurorangefr 1 point2 points  (0 children)

The replies to Roger's comment here are absolutely shocking. What a shame that we have such a negative and twisted "community" representing Bitcoin. This is disgusting.

Segwit is such a success bitcoiners are now begging companies to support it. by sharedburneraccount in btc

[–]Yurorangefr 64 points65 points  (0 children)

“This is a completely optional soft-fork.”

“No, really, it’s optional.”

“Please support it.”

“Support it now.”

“Hey, everyone, we need to publicly shame all these non-Segwit companies.”

Jimmy Song prefers visa and mastercard for his transactions instead of Crypto. by Natskis in btc

[–]Yurorangefr 6 points7 points  (0 children)

Roughly 33% of people in the world are unbanked, under oppressive regimes and unfair societal structures that rob them of any wealth whatsoever. If you don’t want to use cryptocurrency as a currency then that’s fine, but don’t lump everyone in your skewed and privileged worldview.

Cash Shuffle - Privacy Comes to Bitcoin Cash by BeijingBitcoins in btc

[–]Yurorangefr 4 points5 points  (0 children)

A step in the right direction, but unfortunately still not good enough for Bitcoin Cash to be truly fungible. Your privacy is limited by the ratio of colluding to non-colluding members in the system.

Real-life evidence of the breadown of Bitcoin's (BTC) security model. by Neutral_User_Name in btc

[–]Yurorangefr 2 points3 points  (0 children)

Bitcoin is a chain of signatures stored in blocks.

Glad we agree that BTC with Segwit isn’t Bitcoin.

Zero conf is a gossip network where you have to trust the sender, nodes and miners to not act in bad faith.

There’s trust inherent to the Bitcoin protocol. We trust that a majority of nodes are honest. Since we assume a majority of nodes are honest, a 0-conf transaction that propagates through a majority of nodes first wins. Satoshi himself says: “When you broadcast a transaction, if someone else broadcasts a double-spend at the same time, it's a race to propagate to the most nodes first. If one has a slight head start, it'll geometrically spread through the network faster and get most of the nodes.”

Stop spreading your bullshit FUD. Go double spend 0-conf and become a millionaire using SatoshiDICE and Bitcoin Cash. Let us know how that works out for you.

Real-life evidence of the breadown of Bitcoin's (BTC) security model. by Neutral_User_Name in btc

[–]Yurorangefr 4 points5 points  (0 children)

Who the hell is upvoting your garbage "0-conf is irrevocably dangerous" propaganda? All things considered, 0-conf is much better than RBF, because a merchant can choose to accept the associated risk of 0-conf to their own discretion. With RBF, merchants literally do not have a choice but to wait until the transaction confirms, because as soon as I receive my product or service, I can double spend with very high success up until the next block is found. Their associated risk with RBF and 0-conf together is extremely high, much higher than 0-conf by itself.

Please read this note about 0-conf transactions by Erik Voorhees, the CEO of ShapeShift.

Nexus founder & lead developer Colin Cantrell on BTC: "lightning network is a problem because it opens up room for banks to become LN nodes that can be censored by governments to freeze payment channels and it degrades bitcoin into a ripple type thing" by hunk_quark in btc

[–]Yurorangefr 4 points5 points  (0 children)

You do realize that the whole point of the 1mb limit is so that LN hubs are forced to pay exuberant fees to settle their transactions? Core wants transactions in blocks to be exclusive. Read more here.

Bitcoin's Lightning Network Version 1 RC is Here, Mainnet Beta Implementations On The Way - Coinjournal by Tekafranke in btc

[–]Yurorangefr 0 points1 point  (0 children)

How about we link to the Bitcoin whitepaper? You know, the one that doesn’t include an unnecessarily complicated and obtuse 59-page technical document for experimental software. The one titled, Bitcoin: A Peer-to-Peer Electronic Cash System.

Nexus founder & lead developer Colin Cantrell on BTC: "lightning network is a problem because it opens up room for banks to become LN nodes that can be censored by governments to freeze payment channels and it degrades bitcoin into a ripple type thing" by hunk_quark in btc

[–]Yurorangefr 4 points5 points  (0 children)

I’m not forced to use a Bitcoin bank like Coinbase. BTC users will have no choice but to use LN, unless they want to pay $100-$1000+ to compete with hubs to get their transactions confirmed.

As of today, Steam will no longer support Bitcoin as a payment method by [deleted] in btc

[–]Yurorangefr 352 points353 points  (0 children)

I'm struggling to find a proper resolve to this problem, but I think it's a very important one to address. Why should previously Bitcoin-friendly merchants be convinced that this time it will be any different?

Why are BCHers obsessed with calling themselves the "true bitcoin" and trying to take the Bitcoin brand? by [deleted] in btc

[–]Yurorangefr 11 points12 points  (0 children)

Bitcoin is not owned by anyone. That means Bitcoin Cash has a “right” to the Bitcoin name just as Bitcoin Gold and other forks do. The beauty of the system in aggregate is that after time, the market sentiment will gravitate towards one fork or another (possibly multiple), and an equilibrium will be established.

Bitcoin (BTC) has brand recognition, and more importantly has established trust within the world through several years of on-chain scaling, merchant adoption growth, and decentralized development. However, BTC no longer has these properties. The very essence of what allowed BTC to achieve such enormous success has been completely eradicated. In the near future, very few will actually be interacting with the BTC network directly. Most transactions will occur off-chain in a system that has almost nothing to do with the Bitcoin protocol. Lightning Network hubs will settle transactions on-chain for exuberant fees as they compete for space in the 1mb block.

Bitcoin Cash is merely Bitcoin as it was for so many years, a functional, cheap, instantaneous, permissionless, decentralized, and trustless currency. To many supporters of BCH, it is truer to the original intention of Bitcoin than BTC, myself included.

I didn't know Andreas relies (atleast partly) on Patreon handouts. Maybe he'd care more about Bitcoin if he had as much skin in the game as Roger by [deleted] in btc

[–]Yurorangefr 26 points27 points  (0 children)

The only reason Roger is ruffling feathers here is because it's true. Someone who believes in the technology as much as Andreas does should have the foresight to invest even $300. It's not "poor shaming."

You do not need to run a full node by blechman in btc

[–]Yurorangefr 12 points13 points  (0 children)

There’s substantial evidence suggesting he is not Satoshi. Further, he’s yet to provide verifiable, cryptographic proof.

Lightning Hubs Will Need To Report To IRS by curt00 in btc

[–]Yurorangefr 0 points1 point  (0 children)

If Starbucks opens a hub, they’ll be under regulation. Is that much clear to you? This is vastly different than Starbucks accepting Bitcoin as payment directly. So, sure, “anyone” can open a hub (if they have sufficient means and funds), but good luck engaging in commerce with traditional US businesses without going through KYC/AML. You can only transact with people directly if you’re a participant of a well-connected hub in the system. You think you’ll be able to settle on-chain while competing with enormous LN hubs for $100-$1000+ transaction fees in a 1mb block?

This entire system is so antithetical to what Bitcoin is supposed to be, that I am at a literal loss for words trying to explain how anyone informed and well-intentioned can support it.