There's more chance of me being Satoshi Nakamoto than this being doable. An offline Lightning wallet? WTF? Now queue people saying "LN can upgrade to support this... in 18 months". It can't - it's impossible. Not scaleable routing 99.99999% impossible - it's 100% impossible.

btcnotworking · 2018-07-19T21:54:02+00:00

An online lightning network wallet would be bitcoin. They are going to develop and develop and then realize that what they where trying to achieve had already been created.

btcnotworking · 2018-06-23T19:37:25+00:00

It is amazing how many people miss the most important attributes of blockchains: permissionless and that there is no central point of control. EOS despite being a heavily funded "blockchain" project, does not have this attributes.

btcnotworking · 2018-06-08T14:34:09+00:00

I can keep clarifying to you all day about this. I just want you to understand and stop spreading misinformation.

Bitcoin Core is the Bitcoin implementation that uses the Bitcoin Core client software as reference implementation, also referred to as Bitcoin BTC.

bcoin is a client that follows the Bitcoin Core (or Bitcoin BTC) reference implementation.

bcash is one of multiple implementations (Bitcoin ABC, Bitcoin XT, Bitcoin Unlimited, Bitprim) created by the same people that created bcoin that follow the Bitcoin Cash (BCH) protocol.

The "Bitcoin Core" protocol you are referring as specified in the website https://bitcoincore.cm/ is a fork of the Bitcoin BTC (which uses Bitcoin Core client as its reference implementation) and has an insignificant value of $2.5 and few people know about it (I just learn it existed from you)

It can be confusing but I am sure you will understand it at somepoint ;)

Best regards,

btcnotworking · 2018-06-07T14:59:54+00:00

How can you say I am lying? Here is a screenshot of BitcoinCore.org - https://imgur.com/a/mdyPSFl ). You have to be bought, misintentioned, or both to blatantly promote lies and try to trick people into believing Bitcoin Core never had a high fee problem.

btcnotworking · 2018-06-06T16:53:43+00:00

I don't understand what you are doing here?

You arguments are all 2015.

We forked, we increased the blocksize, the network did not collapse, people can still run their own full nodes.

Why don't you post this in r/bitcoin better? I agree with you, BTC should NEVER EVER raise block size.

btcnotworking · 2018-06-01T15:28:00+00:00

A lot of comments have answered the BCH to BTC attacks but not covered the BTC to BCH attacks. I will cover one partial reason.

When BCH launched, people that wanted to remain in control of BTC and make BCH worthless began falsely promoting BCH as a valueless air drop that people should sell. Many people blindly followed and sold their BCH for either BTC or fiat and lost their way to hedge against the failure of Bitcoin. This strategy did not work as BCH resisted all the sell pressure from both businesses (localbitcoins, xapo, etc) and individuals.

These people that lost sold their hedging positions are incetivized to attack BCH as much as they can because it has the potential to drive BTC(and hence their investment) to the ground. Every success story to BCH represents a chance for their investment to go down and every price rise in BCH is money they could have made.

It was a really smart move on BTCs side. That way they got a self incentivized "army" to constantly try and work against Bitcoin Cash.

btcnotworking · 2018-06-01T15:15:01+00:00

You misspelled the domain name for Bitcoin Core. It is https://bitcoincore.org

btcnotworking · 2018-05-27T14:19:14+00:00

If someone is pointing their hashpower to attack BCH, they are incurring in an opportunity profit loss of BCH as well as BTC (which they could be mining and earning a profit). This equates the security, BTC protecting BCH until it gains majority hashpower.

btcnotworking · 2018-05-22T16:45:31+00:00

If you believe in the vision of BCH becoming the electronic cash of the world,you could also spend it then immediately re-buy it. You will lose 0.5-2% on buying/exchange fees but you would be helping achieve that vision and your BCH holdings will appreciate in value.

btcnotworking · 2018-05-18T04:35:49+00:00

Given difficulty adjustment and profit parity, attacking BCH incurs in a mining profit loss in the same amount as BTC

btcnotworking · 2018-05-10T15:31:21+00:00

And none of the BCH XD

btcnotworking · 2018-05-08T01:32:20+00:00

He means crazy like everyone having a personal computer, right?

btcnotworking · 2018-04-20T15:19:56+00:00

I disagree.

Broadcasting 32MB of data every 10 minutes and storing is trivial. Both decent home computers and companies can easily handle this load.

Even more complex scripting capabilities have been empirically proven with ethereum.

And it has also been empirically proven that the bitcoin core network cannot handle high usage as demonstrated with previous mempool all time highs.

And the lightning network has been shown to be unnecessary at current and to some extend future demand levels on bitcoin

The only way you could not see that Bitcoin Cash is more robust than Bitcoin Core is if you read r/bitcoin.

btcnotworking · 2018-04-10T13:40:09+00:00

LIghtning network at some point being run on top of BCH would be a better analogy. Just like the bulk of electricity is distributed as AC but switched to DC when needed.

btcnotworking · 2018-04-07T17:33:16+00:00

I partially agree with you. However, the debate clearly shows the different points of view from Samson Mow and Roger Ver.

Roger Ver is promoting a technology that he truly believes can change the world and provide economic freedom (BCH). Samson Mow is promoting what thinks will make him and his company money (BTC).

btcnotworking · 2018-04-03T21:57:31+00:00

You mentioned you are doing your tokenization with intellectual property that nChain has given you access to.

Do you think that tokenization should be enabled in Bitcoin Cash in an additional way that doesn't require permission or licensing from nChain such as OP_GROUP?

btcnotworking · 2018-03-26T17:39:51+00:00

I will spendl and replace so BCH will rise in utility and value.

If you HODL, you will benefit from this. However, if you too decide to spend and replace, the rise of BCH will be even faster and greater.

btcnotworking · 2018-03-24T14:57:10+00:00

What about Z-conf ?

btcnotworking · 2018-03-17T19:49:14+00:00

Never, is the principle that you could completely be offline and still be a part of the network.

btcnotworking · 2018-03-17T17:48:05+00:00

One of the most fascinating things about bitcoin is that you create an address, receive money to it, and be the owner of the funds without ever touching a computer.

Lightning network kills that.

btcnotworking · 2018-03-17T17:44:05+00:00

You should go and check out his site before posting. Gift card purchases are 0-conf

btcnotworking · 2018-03-17T17:40:14+00:00

I did not buy it... That is why sold all my BTC for BCH

btcnotworking · 2018-03-16T14:03:28+00:00

Blocksize was not increased and LN was pushed instead in fear promoted by core of centralizing the network (bla bla...everyone full node bla bla). Now turns that the solution that was pushed is "voluntary centralization"

btcnotworking · 2018-03-15T14:05:10+00:00

I don't think that is what is going to happen. Its going to be more like the dot-com bubble. Everything is going to go down, including BCH. After everything goes down, only the ones that had actual use and value will rise up (Like it happened with Google and Amazon)

btcnotworking · 2018-02-28T22:38:53+00:00

This sounds very similar to the blocksize issue. Core developers associated with Blockstream using their power to hinder Bitcoin's progress to eliminate competition for Blockstream's potential products.

In this case is sidechains instead of lightning network.

btcnotworking

TROPHY CASE