Gavin Andresen on BitCoin and Virtual Currency Hacker News

"The Community Has Spoken"

Another frequent small-block talking point is that "the community has spoken." Give it up, guys. You tried pushing for bigger blocks, and failed. Obviously the community doesn't agree with you.
/btc and the bigger-blocks camp at large are frequently portrayed as a lunatic fringe element that is either terribly misguided (at best), or hellbent on Bitcoin's destruction (at worst). We're just a bunch of rabble-rousing trolls, and not real bitcoin users.
When the censorship of /bitcoin and bitcointalk.org is mentioned, the criticism is dismissed by saying:
If we take a look at some other metrics of user opinion, we can find:
What makes more sense: every bitcoin website with the exception of the censored, walled gardens of /bitcoin and bitcointalk are overrun with trolls (who have verified identities and hold a lot of Bitcoin), or that the "real community consensus" myth is a falsehood that is only enabled through the censorship policies of theymos on the sites he controls?
By the logic of many bitcoin community members, /bitcoin is simultaneously an "irrelevant forum" while also being the only place that the true opinions of the bitcoin community are represented. Obviously the "real bitcoiners" have all decided to stay away from sites like bitcoin.consider.it and Bitcoinocracy and uncensored bitcoin forums ("because TROLLS!"), and meanwhile the trolls have purchased $75,000,000 worth of bitcoin to rig the vote on Bitcoinocracy against Core. Only through the censorship strong moderation policies of Theymos can the fragile and delicate minds of "the community" be protected from THE DANGEROUS TROLLS who wish to destroy bitcoin by hoping that it remains a cheap and fast payment mechanism that can be used by more people than it currently is capable of supporting.
Obviously "the community" does not include guys like:
Thankfully we have real bitcoiners like theymos, Gregory Maxwell, and Adam Back (who basically invented bitcoin!) in charge now.
Thanks to real bitcoiners like these, we are seeing "the community" come together to oust dangerous individuals like the aforementioned trolls, and with the financial backing of long standing Bitcoin proponents such as the second most powerful transnational corporation in the world, who have loudly and clearly done much to build the bitcoin economy over the years and have much to gain from seeing a leaderless and decentralized currency that cannot be controlled by anyone take to the mainstream, Bitcoin is finally entering it's golden age. The entire community agrees.
* But please note that if you disagree, you will be banned for trolling.

EDIT: I cross-posted this to /bitcoin, but because I'm a big ol' troll my post was "moderated." Keep up the great work, theymos!
http://i.imgur.com/lhahcNJ.png
submitted by BeijingBitcoins to btc [link] [comments]

Why The US Government Have Likely Already Approved Bitcoin

Hey Reddit, throwaway account. I'm currently doing some research for an article I hope to have published later this month. I have a very, very rough draft at the moment and your feedback would be lovely.
The Elephant in the Room
Bitcoin is an enigma. It has renowned economists like Paul Krugman entirely perplexed whilst Silicon Valley CEO's are falling over one another to get a piece of the action. The headlines change on a daily basis: “It's A Ponzi Scheme!”, “It's Gold 2.0!” , “It's A Bubble!”, “It's The New Internet!”.
As a result of these, often conflicting articles, it's value shoots up and down like a yo-yo, swinging wildly to the slightest bit of news, good or bad.
Of course, these swings wouldn't be so exaggerated if there was a simple way to address the elephant in the room...is bitcoin legal?
Government officials have been oddly quiet in addressing this question. Aside from some rudimentary FINCEN guidelines and a vague ECB report, there's been no statement one way or another about its legal status.
Whilst I can't provide any definitive proof as to what decisions have and are being made behind closed government doors, I do think it's just possible we already have enough circumstantial evidence to suggest that the US government has already given Bitcoin the thumbs up.
Satoshi's Lament
Back in December 2010 Satoshi was involved in a heated discussion amongst Bitcoin developers on BitcoinTalk as to whether they should support Julian Assange by offering Bitcoin as a means to bypass the notorious banking blockade that had rendered Wikileaks' cash reserves impotent. Bitcoin's creator, Satoshi Nakamoto, was extremely wary that any association with Julian and Wikileaks would 'bring too much heat' to the project.
“No, don't 'bring it on'” he pleaded with his fellow developers. “The project needs to grow gradually so the software can be strengthened along the way.” He went on to clarify. “I make this appeal to WikiLeaks not to try to use Bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage.”
By 'destroy us', he was likely talking about a government or corporation pulling the trigger on this nascent project. Amongst other things, Satoshi was fearful that if a nefarious entity such as a commercial bank got wind of the project, at that point in time they could have easily compromised the project by purchasing enough computing power to overrun the network (known as a 51% attack).
Despite Satoshi's protestations, Wikileaks went along and adopted Bitcoin and, it seemed Satoshi's worst fears were confirmed when, just 4 months later in April 2011, Gavin Andresen (now lead developer at the Bitcoin Foundation) announced that the C.I.A. had contacted him.
“I'm going to give a presentation about Bitcoin at the C.I.A headquarters in June at an emerging technologies conference...I accepted the invitation to speak because the fact that I was invited means Bitcoin is already on their radar, and I think it might be a good chance to talk about why I think Bitcoin will make the world a better place. I think the goals of this project are to create a better currency...I don't think any of those goals are incompatible with the goals of government.”
Satoshi disappeared shortly after.
Gavin recently spoke to the New Yorker about the event. "...I think people realized once I got invited to speak at the C.I.A. that there was no kind of hiding. They, whoever “they” are, already knew about this project." [Source: http://www.newyorker.com/online/blogs/elements/2013/04/the-future-of-Bitcoin.html]
The Silk Road Goes Live
2011 also saw the release of the notorious 'Ebay for Drugs' website, Silk Road. It received much press attention, first breaking in June via Gawker where a developer described his experience of buying LSD through the site as "Kind of like being in the future". It was clear that the Silk Road was where Bitcoin would find its first major real-world trading niche and it's not a coincidence that the BTC price, client downloads and trading volume began to skyrocket after its inception. [Source: http://gizmodo.com/5805928/the-underground-website-where-you-can-buy-any-drug-imaginable]
A week after the Gawker article, Senator Chuck Schumer called a press conference where he went on record demanding that the Silk Road be shut down “Something must be done about Silk Road...Literally, it allows buyers and users to sell illegal drugs online, including heroin, cocaine, and meth, and users sell by hiding their identities through a program that makes them virtually untraceable...[it's] the most brazen attempt to peddle drugs online that we have ever seen. It's more brazen than anything else by lightyears." he told the assembled press.
As an aside, it is worth noting that the program that “hides user identities” is TOR, developed by the US Naval Research laboratory and endorsed by Senator Hilary Clinton (Schuman's former co-Senator from the state of New York) as “an important tool for freedom of expression around the world”. Indeed, the TOR Project claims that over 80% of its funding in 2012 came directly from the U.S Government [Source: Tor Project Annual Report 2012]
The Radar Screen Lights Up
Suddenly, thanks to the Silk Road and Wikileaks, Bitcoin was now on the radar of those in public office. The question on everyones lips must have been “How do we kill Bitcoin (and by extension Wikileaks and Silkroad)?”
The C.I.A, thanks to Gavin, were now fully aware of the threat Bitcoin posed to the the current monetary system, and the illegal activities it was funding via Silk Road and other places would have done nothing but confound their concerns (or so you would think). They must have also known (just as Satoshi did) that if there was ever an opportunity to kill Bitcoin (either with regulation, criminal proceedings and/or a 51% attack) then it was back then, in 2011, with the network still in its infancy, that they should strike.
We should have expected the kind of domain seizures that we saw with the likes of Megaupload; Bitcointalk, Bitcoin.org and the Bitcoin Foundation should have been wiped off the map. They could have also moved with the banks to shutdown any accounts seen to be associated with Bitcoin trading (as we saw happen with Online Gambling websites during the Bush Regime). They could have then disrupted what remained of the Bitcoin network by performing a relatively cheap and simple 51% attack.
And yet, none of that happened... Bitcoin.org and the Bitcoin Foundation have been left to prosper and go from strength to strength. VC's, Wall Street traders and the average Joe were all left free to pump money into this burgeoning experiment without any government intervention whatsoever.
Eric, Julian and the Bilderberg Group
Back in 2010 Google dipped their toes into the world of virtual currencies, acquiring a little known company called Jambool for $70m. For awhile they ran a platform called Social Gold which was later usurped in 2011 by Facebook Credits (Facebook's attempt at a virtual currency). This was phased out in mid-2012. Techcrunch cites that this was likely due to the problems Facebook had encountered in educating the public about using another form of currency, and goes on to speculate that by offering a centralised means of exchange, Facebook may have also faced increasing legal and regulatory scrutiny.
In June 2011, Julian Assange met Eric Schmidt online in a secret 5 hour chat in which they discussed - amongst other things - Bitcoin. The full transcript - which was leaked last month - is available here: http://wikileaks.org/Transcript-Meeting-Assange-Schmidt
Also in attendance at the meeting was Jared Cohen, a former Secretary of State advisor to Hillary Clinton, Scott Malcomson, Director of Speechwriting for Ambassador Susan Rice at the US State Department and current Communications Director of the International Crisis Group, and Lisa Shields, Vice President of the Council on Foreign Relations.
Here's an excerpt:
JA: ...there’s also a very nice little paper that I’ve seen in relation to Bitcoin, that… you know about Bitcoin?
ES: No.
JA: Okay, Bitcoin is something that evolved out of the cypherpunks a couple of years ago, and it is an alternative… it is a stateless currency.

JA: And very important, actually. It has a few problems. But its innovations exceed its problems. Now there has been innovations along these lines in many different paths of digital currencies, anonymous, untraceable etc. People have been experimenting with over the past 20 years. The Bitcoin actually has the balance and incentives right, and that is why it is starting to take off. The different combination of these things. No central nodes. It is all point to point. One does not need to trust any central mint….
...
ES: That's very interesting
So, now we know Bitcoin was on the radar of the C.I.A, various politicians and, thanks to Julian, the CEO of Google was now beginning to get an inkling as to its disruptive potential.
Just 13 days prior to the Assange meet, Eric had attended the annual meeting of the notoriously secretive Bilderberg Group in St. Moritz, Switzerland and went on to attend the meet again in June 2012.
Topics of discussion included:
Some of the 2011/12 attendees included:
Heads of Barclays Bank, AXXA, HSBC and the President of The World Bank Group were also in attendance.
[Source: http://www.bilderbergmeetings.org/index.php]
To see so many tech luminaries in attendance at Bilderberg is indicative of the kind of power and respect that geeks and hackers now command in shaping the world stage. Just how many high-level decisions are being influenced by this new technorati is hard to say, but in a rapidly changing world where technology is moving faster than the old rules remain relevant, we are seeing that people, united through technology on a global scale – not governments – are dictating the speed of change.
Joining The Dots
None of this means that bitcoins ride is going to be friction-free - just because Eric Schmidt is open to the idea of bitcoin displacing traditional currencies (as he and Jared Cohen alluded to in a recent CNBC interview), does not mean that Douglas Flint (Group Chairman, HSBC) is going to be equally enthused.
However, I do think that if we join up all the dots the general conclusion that we can draw looks overwhelmingly positive for the future of bitcoin. That so many powerful actors within the intelligence community, technology industry and government have let bitcoin survive this long is almost an endorsement itself.
It suggests to me that any nefarious corporations that attempt to shutdown bitcoin because of a perceived threat to their business model, will be met by those same powerful actors coming together to ensure they will have a very tough fight on their hands.
Indeed, in the years to come, we may well see Hilary Clinton coming out to trumpet bitcoin as “an important tool for freedom of expression around the world” in much the same way she praised the TOR project.
And perhaps, ultimately, we will discover that bitcoin, like TOR, was also developed by the US Naval Research Laboratory.
Though I prefer to think it was just some lone genius sitting in his attic who accidentally changed the world.
Whatever may be the case, it seems that - for now at least - our governments have handed their people a rare gift – the freedom to shape their own future.
It's up to us to try not to screw that up.
submitted by JuliusPragatan to Bitcoin [link] [comments]

An email from a concerned friend who got into Bitcoin in 2010 and successfully mined blocks using their CPUs. I have similar concerns, hence the repost here (with permission).

Hey X and Y
Are you two aware that the Bitcoin Core devs are making big changes to the bitcoin network which fundamentally change the economics of bitcoin and what you can and can't do with bitcoin?
If people continue to use the Bitcoin Core software many of the things that we know work well in the bitcoin network, are going to be discarded and replaced with other things which may or may not work.
It's quite upsetting for me. I've watched Bitcoin make it this far and now it's like it's being torn apart in front of my eyes, largely by Blockstream and Viacoin employees/founders who develop Bitcoin Core. These people have a serious conflict of interest and they are clearly acting on that conflict.
At this point the only core devs I trust are: Gavin Andresen, Jeff Garzik and Mike Hearn. Of those 3, both Gavin and Hearn have been ostracized out of Bitcoin Core development and I think Jeff will be soon too as he clearly is pushing back against the agenda of the problematic Bitcoin Core devs (eg Peter Todd, Luke JR and G Maxwell).
One example of the destructive things the Core devs are doing is this:
Peter Todd is pushing for something called Full-RBF. 0-conf transactions are an essential part of the Bitcoin ecosystem. They are used widely by many businesses (eg ShapeShift.io). There are risks associated with accepting 0-conf transactions, but those risks can be mitigated and managed. Full-RBF will vastly decrease the usefulness of 0-conf transactions. Peter Todd is literally adding code to Bitcoin Core that damages Bitcoin. If they achieve their goal of getting a significant number of miners using Bitcoin Core with Full-RBF mode enabled, it will no longer be practical to use Bitcoin in stores to pay for goods as you will be forced to wait for 1 confirmation. People will be forced into off-chain solutions (eg Coinbase.com offchain transactions). It will no longer be safe for the shop keeper to accept bitcoin transactions from SPV wallets (eg Breadwallet).
With Full RBF, 0-conf transactions will become something you can only rely on for: * trading with trustworthy people (eg friends, family and businesses you have an established relationship with) * signalling that your transaction has entered the network (not that it will likely confirm).
Todd has already successfully committed code to Bitcoin Core's master branch that performs something called Opt-in Full-RBF. This Opt-in Full-RBF isn't as bad as Full RBF, but it has a whole bunch of really negative repercussions. The main ones being: * it makes Bitcoin more complicated for novice users to understand * it increases the complexity of wallets * it makes it more likely that novice users will be scammed
Also: the term "opt-in" is very (and probably deliberately) misleading. The sender of the transaction opts-in to creating a transaction, but the receiver does not opt-in. Wallet devs will also be forced to make changes to deal with this new transaction type if Bitcoin Core continues to be used. They will be forced to add weird messages to their wallet software which say something like: "You have received an RBF transaction. Unlike normal transactions, RBF transactions can be more easily double spent. If you are unsure what this means, you should wait for at least 1 confirmation."
In-fact. That lengthy message doesn't even give the user all the info they need to know. It doesn't explain why they might have received the RBF transaction: * are they under attack? * is the sender trying to bump their transaction fee? * is the senders wallet software misconfigured?
It adds a layer of complexity which is completely unnecessary.
Another thing they are doing is unnecessarily keeping the maximum block size capped at 1MiB. 1MiB was always widely understood to be a temporary limit to stop the blockchain getting too bloated in the early days of the currency. It kept the network cheap to run and easy to join. Keeping it stuck this low now that we are hitting that limit regularly is going to cause what Jeff Garzik refers to as an "Economic Change Event" (ECE). You can read about it here: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011973.html
This ECE is going to materialize as absolute havoc on the network; probably within the next 6 months. There will be many frustrated users on account of stuck/delayed transactions. It will become far more expensive to send transactions. Many people will sell their Bitcoin holdings causing the price to drop. Many people will simply not understand what is happening and out of fear and uncertainty they will sell off their holdings. Businesses that relied on cheap transactions will close up shop. Mainstream media will [correctly] portray Bitcoin as a failed attempt at creating a global currency. The growth of Bitcoin will be stumped.
I've heard probably every single reasoned argument related to the blocksize debate and it is abundantly obvious to me that it's perfectly safe to increase the maximum blocksize.
Anyway. I wanted to let you guys know what I think about what's going on. I'd be interested to know if you share any of my concerns or if this is the first you're hearing about these issues.
If you agree with me I strongly urge you to avoid using the Bitcoin Core software and advise others not to use it either. There are 3 decent full-node alternatives to choose from and soon there will soon be a forth: btcd: https://opensource.conformal.com/wiki/btcd Bitcoin Unlimited: http://www.bitcoinunlimited.info/ Bitcoin XT: https://bitcoinxt.software/ Toshi: https://toshi.io/ [Warning: BETA software]
Also, you should avoid the following heavily censored websites: bitcoin.org reddit.com/bitcoin bitcointalk.org
There are decent replacements for those sites/pages where you can freely discuss these issues without being banned/muted: https://www.bitcoin.com https://forum.bitcoin.com/ https://reddit.com/btc https://bitco.in/forum/ https://letstalkbitcoin.com/forum/
Hope you are both well, Z
submitted by itsgremlin to btc [link] [comments]

Subreddit Stats: btc top posts from 2015-11-07 to 2018-12-03 19:07 PDT

Period: 1122.63 days
Submissions Comments
Total 1000 177195
Rate (per day) 0.89 157.49
Unique Redditors 537 19498
Combined Score 606295 1044009

Top Submitters' Top Submissions

  1. 28637 points, 50 submissions: Egon_1
    1. bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" (4810 points, 506 comments)
    2. WSJ: "[bitcoin core] fees have reached an average cost of about $30 per transaction. That makes bitcoin virtually unusable for all but very large transactions. The Bitcoin Cash crowd is just trying to offer a solution to that problem." (1305 points, 338 comments)
    3. Friendly reminder that the LiteCoin ($36) founder sold 100% of his coins as it ran up to $300 while wearing a HODL shirt for video interviews. (1192 points, 293 comments)
    4. Rick Falkvinge:"Fun fact: I am aware of a truckload of companies currently in the process of converting from Bitcoin Legacy to #Bitcoin Cash. I am aware of zero (0) companies going the other direction." (657 points, 226 comments)
    5. "Bitcoin.com wallet now displays "Bitcoin Cash" and "Bitcoin Core" balances. Should satisfy everyone, right? ;)" (627 points, 444 comments)
    6. GDAX: "We will open the BCH-BTC Order Book on Wednesday, January 17 at 9:00 am PST." (618 points, 112 comments)
    7. Stephen (BitPay CEO):"a typical #bitcoin transaction costs $1.80 now, >200k unconfirmed transactions, time for a hard fork to larger blocks ... 8mb please" (544 points, 113 comments)
    8. Erik Voorhees: "Changing Bitcoin's proof-of-work to prevent miners from mining is the most absurd and reckless thing I've heard in the scaling debate." (539 points, 171 comments)
    9. Erik Voorhees: "Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one TX." (539 points, 147 comments)
    10. BitPay CEO: “If people can’t engage in commerce, it’s hard to imagine why they’d want to store their money in Bitcoin in the first place” (537 points, 133 comments)
  2. 26883 points, 56 submissions: MemoryDealers
    1. I'm Roger Ver, CEO of Bitcoin.com and world's first investor in Bitcoin startups. AMA (978 points, 932 comments)
    2. The pro Bitcoin Cash video from CNBC made it to the very front page of Yahoo.com! (858 points, 189 comments)
    3. I (Roger Ver) will be doing an AMA on Monday Dec 18th starting at 10AM EST on /BTC because /Bitcoin is completely censored. (826 points, 412 comments)
    4. Reminder: Blockstream and Core got 100% of everything they asked for. (807 points, 332 comments)
    5. I'm giving away $100 each of BCH and BTC on live TV tomorrow by displaying the private key. Guess why? (738 points, 827 comments)
    6. How wrong were they? More than 2 years ago the CEO of Lightning Labs said LN would be ready in less than 6 months (695 points, 275 comments)
    7. To the Censorship loving tyrants in /Bitcoin, don't Say Bitcoin.com didn't warn you! "In the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively." (672 points, 363 comments)
    8. Sign the Petition for Clemency for Ross Ulbricht, Serving Double Life for a Website (663 points, 227 comments)
    9. I just bet 1,000 BTC (~$4M USD) that Segwit 2X coin will have more value than Segwit 1x coin. (644 points, 398 comments)
    10. If you think consumers are going to throw away $100’s (and soon $1000’s) on transaction fees to open up a payment channel on the Lightning network, you are delusional. (599 points, 219 comments)
  3. 12737 points, 26 submissions: hunk_quark
    1. Censored! Youtube removes Roger Ver's video on "The effects of Censorship and Propaganda upon Bitcoin" (1002 points, 296 comments)
    2. CNBC is waking up (886 points, 144 comments)
    3. Despite massing brigading from bitcoin and core, @Bitcoin twitter account has gained 50k subscribers since it came out in support of BCH last week. (627 points, 197 comments)
    4. Warren Buffet's Berkshire is the single largest stockholder in BoA and WellsFargo. In case you were wondering about his attitude towards Bitcoin. (619 points, 113 comments)
    5. Bitfinex defines Bitcoin Cash as the coin that fulfills the original promise of p2p cash, a bitcoin upgrade that is ready to scale and sound money! #Winning (599 points, 164 comments)
    6. Wouldn't wanna be this shopper. (581 points, 124 comments)
    7. GDAX enabling EUBCH trading pair next week. #winning 🎆 (572 points, 66 comments)
    8. Thank to this community's effort, Forbes has corrected Kyle's Torpey's LN article to clarify LTC tx fees is much higher than BCH. Now let's ask for 1 more correction: Bitcoin cash is not Bcash. Links in comments. (508 points, 173 comments)
    9. Elizabeth Stark of Lightning labs calls out Blockstream on letting users tinker with LN that's neither safe nor ready for mainnet. (490 points, 266 comments)
    10. The $2000 tip for Bitcoin ABC dev shows we don't need blockstream to pay our developers, we can do community funding through tippr! (463 points, 131 comments)
  4. 12410 points, 23 submissions: BitcoinXio
    1. /bitcoin is censoring the NIST report that says "Bitcoin Cash is the original blockchain" and Bitcoin Core is not. If you have to censor to get people to believe you, then you have lost. (855 points, 496 comments)
    2. Free_Ross on Twitter: "ALL charges of murder-for-hire vs. Ross are now dropped. After almost 5 years, gov't has moved to dismiss final MD indictment based on evidence from corrupt agent now in prison." (759 points, 211 comments)
    3. Someone hacked the account todu which was a mod here to point users to /bitcoin (732 points, 259 comments)
    4. Former /cryptocurrency mod: "I used to be a mod of cryptocurrency until they kicked me out. Now, that sub, is controlled all by mods with accounts less than 7 months old!" (724 points, 214 comments)
    5. Congrats: /btc has reached 150,000 subscribers! (696 points, 356 comments)
    6. Twitter continues to go downhill - flags @Bitcoin account as ‘temporarily restricted due to unusual activity’ (635 points, 216 comments)
    7. There is a huge edit war on Wikipedia where trolls like the user "Jtbobwaysf" are trying very hard to inject the word "bcash" into Bitcoin Cash pages and reverting/editing other pages that speak factually poorly on topics such as Lightning Network, Segwit, etc. (622 points, 148 comments)
    8. What /bitcoin mods desperately don't want you to see! (601 points, 104 comments)
    9. /btc is trending on reddit today, congrats everyone! (586 points, 18 comments)
    10. Bitcoin Cash is upgrading on May 15 to 32MB max block limit (579 points, 334 comments)
  5. 11766 points, 16 submissions: BeijingBitcoins
    1. Average Bitcoin transaction fee is now above five dollars. 80% of the world population lives on less than $10 a day. So much for "banking the unbanked." (3417 points, 463 comments)
    2. Dear Reddit Admins: We need to talk about /Bitcoin (1342 points, 280 comments)
    3. Paid for this whisky with Bitcoin Cash! Ginza bar becomes third Tokyo retail establishment to accept BCC (747 points, 60 comments)
    4. Samson Mow says Bitcoin isn't for people earning less than $2 a day. With average transaction fees now at $27.20, is Bitcoin even for people earning less than $100 a day? (659 points, 160 comments)
    5. Protip: If you are new to Bitcoin and cryptocurrency in general, you really should read the document that started it all, the Bitcoin whitepaper [PDF] (642 points, 69 comments)
    6. With the public spotlight on Reddit censorship, now would be the perfect time to let the rest of Reddit know about the censorship on /bitcoin (641 points, 121 comments)
    7. /Bitcoin in a nutshell (531 points, 68 comments)
    8. Three years ago today, Mike Hearn published an article explaining exactly what would happen when the 1MB blocksize limit was hit. He was right on all counts. (483 points, 168 comments)
    9. Shit, they're on to us (449 points, 65 comments)
    10. "Am I so out of touch?" (443 points, 164 comments)
  6. 9301 points, 2 submissions: censorship_notifier
    1. Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin. (8585 points, 1166 comments)
    2. New anti-censorship bot for /bitcoin (716 points, 345 comments)
  7. 7980 points, 16 submissions: increaseblocks
    1. No Neo I'm trying to tell you ... (706 points, 77 comments)
    2. Blockstream is falling apart - Greg Maxwell resigns - Blockstream takes down team page in a hurry to reorg team - Adam Back must be worried (675 points, 492 comments)
    3. * Ripple is not mineable (it is a centralized private blockchain run by banks) (622 points, 254 comments)
    4. rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains (578 points, 188 comments)
    5. Blockstream investor emails leaked - shows Blockstream motivation to steal transaction fees from miners and pay to Liquid sidechain customers (539 points, 250 comments)
    6. Fixed - Bitcoin Cash moving money far better. SegWitCoin moving money with high fees and slow confirmation times! (532 points, 105 comments)
    7. Vitalik Buterin says what we've all been saying - CoinDesk is scammy and complicit bad actor in the cryptocurrency world and should be shunned (505 points, 59 comments)
    8. "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO (498 points, 143 comments)
    9. Coinbase comes through and does the correct thing and adds clarification on the upcoming Segwit2x Fork (454 points, 194 comments)
    10. Core trolls have hard decisions to make (437 points, 140 comments)
  8. 7772 points, 1 submission: PedanticPendant
    1. The idiocracy of bitcoin (7772 points, 750 comments)
  9. 7763 points, 13 submissions: jessquit
    1. You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction (1378 points, 386 comments)
    2. There never was a "scaling problem." The only problem is "people that don't want Bitcoin to scale." (772 points, 419 comments)
    3. Please stop saying "Increase the block size" (660 points, 449 comments)
    4. [PSA] If your Bitcoin are not ready-to-transact in a wallet whose keys you exclusively control, then you don't control your Bitcoin (622 points, 215 comments)
    5. Why us old-school Bitcoiners argue that Bitcoin Cash should be considered "the real Bitcoin" (587 points, 586 comments)
    6. I think we need an EDA fix before the Nov hardfork (541 points, 345 comments)
    7. Why large blocks: because one man's "coffee purchase transaction" is another man's monthly income (501 points, 104 comments)
    8. This sub is under major attack (494 points, 319 comments)
    9. There is a word for a "store of value" with no underlying utility, and that word is "collectible" (481 points, 169 comments)
    10. Ripple user comes to defend Ripple, gets hundreds of upvotes, but can't answer the most fundamental question: what prevents inflation? (459 points, 404 comments)
  10. 7400 points, 16 submissions: Windowly
    1. "If BCH hashpower > BTC, I'll start referring to it as just 'Bitcoin' :" ~ Gavin on twitter (778 points, 238 comments)
    2. You want to go grab a coffee?? (642 points, 413 comments)
    3. "I guess my idea of "freedom from corrupt banks" didn't include transaction fees that forced 99% of the world's population to keep using banks."~Erik Voorhees (603 points, 122 comments)
    4. "Bitcoin needs multiple clients and independent developer groups. There were 0-days in Microsoft Windows for two decades despite billions spent on development. Cut new teams some slack as they ramp up." ~Cornell Professor and Bitcoin researcher Emin Gün Sirer (506 points, 91 comments)
    5. "With recent developments, I'm putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I'm far from alone."~Rick Falkvinge (Pirate Party) (493 points, 134 comments)
    6. "We've tested Bitcoin Cash vs Lightning Network and... LN feels so unnecessary and over-complicated. Also, still more expensive than Bitcoin Cash fees - and that's not taking into account the $3 fees each way you open or close a $50 channel. Also two different balances? Confusing" ~ HandCash (461 points, 252 comments)
    7. That Awkward Moment. . . . (429 points, 129 comments)
    8. "There was an entire mall in 2013 to 2015 in Berlin that accepted Bitcoin. This stopped when fees rose. There was wide adoption once. Fees kill use"~Dr. Craig S. Wright (424 points, 150 comments)
    9. Bitcoin Cash finally released on Open Bazaar! (420 points, 36 comments)
    10. "Billion-dollar corporations take note: Bitcoin Cash is open for business! Just try to fill up our blocks, I dare you. There will be no "Fidelity Effect" with BCH. Unlike BTC, we want you to use the Blockchain. BCH never really hits a scale ceiling."~Dr. Peter Rizun (413 points, 177 comments)
  11. 6980 points, 1 submission: boomtnt46
    1. As of today, Steam will no longer support Bitcoin as a payment method (6980 points, 1178 comments)
  12. 6385 points, 9 submissions: rdar1999
    1. South Koreans sign petition (100k signatures) to reject ban proposal and 30k signatures asking to FIRE the Justice Minister and the Finance Minister for market manipulation. Crypto is winning!! (1863 points, 117 comments)
    2. BREAKING NEWS: South Korean Government confirms NO CRYPTO BAN. What they will do is to enforce regulations, anti money laundering task force, anti market manipulation, the usual stuff. (1085 points, 51 comments)
    3. Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name." (794 points, 181 comments)
    4. Shutting down or restricting the uses of bank accounts, thereby forbidding clients to buy crypto, is a blatant affront to the rights of civil liberty, manifested, but not limited to, in the rights to private property and free speech (562 points, 262 comments)
    5. GDAX: Bitcoin Cash Launch Retrospective -- trades were halted after 3 minutes because THE STASH DRIED OUT DUE TO AN AVALANCHE OF BUY ORDERS (485 points, 162 comments)
    6. While Jamie Dimon is shutting down your accounts, Russia’s largest State Bank is about to open cryptocurrency exchange In europe (439 points, 38 comments)
    7. Flippening: blockexplorer.com says: "We have made the decision to support the only bitcoin fork with a postive utility momentum, which is Bitcoin Cash.(...) We will not add future support for the Blockstream fork of bitcoin ("Bitcoin Legacy"), and will be deprecating it entirely " (428 points, 110 comments)
    8. National Institute of Standards and Technology confirm: "Bitcoin Core (BTC) is a fork and Bitcoin Cash (BCH) is the real Bitcoin" p.43 para 8.1.2 (372 points, 115 comments)
    9. TABGATE==> the astroturfing/hired shills scandal. Adam Back let it slip he hires full-time teams of social media shills/trolls. Just read! (357 points, 271 comments)
  13. 6162 points, 7 submissions: normal_rc
    1. Legacy Bitcoin tries to buy a cup of coffee (2305 points, 499 comments)
    2. WARNING: Brutal scam. Guy buys a Ledger Nano wallet on Ebay, and it steals all his cryptocurrency ($34,000, which is his life's savings). (1479 points, 522 comments)
    3. How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC. (589 points, 220 comments)
    4. Cryptocurrency usually automatically downvotes any pro-BCH thread into oblivion. But I got my CoinText.io post to trend to #3 on their front page, by simply not saying "Bitcoin Cash". Proof that people would love BCH if they kept an open mind. (542 points, 202 comments)
    5. Tor Project can accept small donations again, thanks to Bitcoin Cash. (458 points, 35 comments)
    6. 100,000+ Merchants Start Accepting Bitcoin Cash. More than 100,000 BitPay merchants are now accepting Bitcoin Cash with the option seemingly automatically turned on for all of them. (416 points, 108 comments)
    7. Bitpay announcement: Electron Cash wallet now fully supports Bitpay BIP70 payment invoices for Bitcoin Cash. (373 points, 37 comments)
  14. 6023 points, 12 submissions: BitcoinIsTehFuture
    1. “Graphene” is a new Bitcoin block propagation technology that is 10x more efficient than Core’s “Compact Blocks”! Created by: Gavin Andresen, A. Pinar Ozisik, George Bissias, Amir Houmansadr, Brian Neil Levine. (717 points, 224 comments)
    2. Just so you guys know: Ethereum just had another successful hardfork network upgrade. Blockstream is wrong when they say you cannot hard fork to improve things. (655 points, 398 comments)
    3. Western Union vs. Bitcoin vs. Bitcoin Cash (625 points, 102 comments)
    4. This was an orchestrated attack. (574 points, 373 comments)
    5. It's called "Bitcoin Cash". The term "Bcash" is a social attack run by bitcoin. Not joking. Here is the full explanation, with proof. (567 points, 310 comments)
    6. On a reply I made in bitcoin that had over 350 upvotes, I was first somehow blocked from being able to reply on bitcoin and then actually banned when I edited my comment to state that I was blocked from replying. (502 points, 99 comments)
    7. The /bitconnect subreddit just got set to private! Bitconnect experienced a 90% drop, from over $300 down to $26! The scam has gone belly up at last! (447 points, 168 comments)
    8. Bitcoin Core Dev "Luke-jr" is asked why he is interested in Bitcoin. This is one of the main people in charge of Bitcoin right now. (405 points, 383 comments)
    9. I believe Bitcoin Core/Blockstream is now attempting to infiltrate Bitcoin Cash in the same manner that they did with Bitcoin Segwit. They are suddenly befriending Bitcoin Cash. Only in that way can they destroy from within. Do not be fooled. (401 points, 166 comments)
    10. #NOTX (390 points, 56 comments)
  15. 5329 points, 1 submission: 11111101000
    1. Buy, sell, send and receive Bitcoin Cash on Coinbase (5329 points, 1019 comments)
  16. 5147 points, 2 submissions: peptocurrency
    1. Guess who controls over half a billion Tethers across 3 exchanges—over 73% of USDT currently in circulation. (4748 points, 635 comments)
    2. Dear Bitcoin: You're right. BTC has been attacked. (399 points, 107 comments)
  17. 5098 points, 9 submissions: btcnewsupdates
    1. Starbucks CEO Wants Crypto. Considering All Currencies Except Bitcoin Core (BTC): "It is not a currency today nor will it be in the future” (820 points, 218 comments)
    2. Roger Ver: "Dear @reddit, [...] I'll pay you $100,000 USD if you simply appoint a moderator to /Bitcoin who supports free speech." (804 points, 424 comments)
    3. Hundreds of botted accounts mixed with some real ones simultaneously post "Bitcoin Cash is Trash" on twitter. Blockstream reaching sheer desperation status. (719 points, 281 comments)
    4. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! (591 points, 115 comments)
    5. ProtonMail asking for community assistance to enable Bitcoin Cash payments (538 points, 86 comments)
    6. WooCommerce brings Bitcoin Cash (BCH) to its 380,000 online retailers. (474 points, 98 comments)
    7. A Bitcoin Entrepreneur Jonathan Hamel knowingly misleads a Canadian Parliamentary committee to smear Bitcoin Cash (BCH). More Lawlessness from Bitcoin/Lightning (399 points, 193 comments)
    8. Largest Sports Gambling Site in the World, Bovada, now Accepts BCH. Billions of dollars in transactions a year (388 points, 60 comments)
    9. Bitcoin Cash support on OpenBazaar now live (365 points, 43 comments)
  18. 4698 points, 7 submissions: cryptorebel
    1. You have $100 worth of BTC. So you purchase an item for $66, but have to pay a $17 fee. Now you have $17 worth of Bitcoin left, but it costs $17 more to move it. So $66 item effectively cost you $100. #Thanks BlockStream (1420 points, 433 comments)
    2. President of SBI Holdings: "The vision of the original Bitcoin white paper written by Satoshi Nakamoto calls for a peer-to-peer electronic cash system. That is a powerful vision, and SBI Group will devote resources to enable a future world where Bitcoin Cash is used globally for daily payments." (843 points, 81 comments)
    3. They used to use Bitcoin... (738 points, 176 comments)
    4. Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s (494 points, 433 comments)
    5. CEO of Bitcoin.com Roger Ver challenges Samson Mow to a debate once again, will Samson refuse again? The reason small blockers do not debate and need censorship is because they know their arguments cannot stand up to scrutiny. (426 points, 208 comments)
    6. Update from BitGo: "Due to strong customer interest BitGo will enable full support of Bitcoin Cash" (407 points, 25 comments)
    7. BitPay CEO hints at possible Bitcoin Cash acceptance: "We do listen to our customers and for quite some time their number 1 complaint has been the high fees and slow confirmation times. We really don't like to pre-announce things though. Things move fast and plans can change at the last minute. " (370 points, 73 comments)
  19. 4339 points, 6 submissions: Anenome5
    1. Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets." (1296 points, 139 comments)
    2. Death of a Scamcoin: Bitconnect's front page screenshotted moments before they went private, showing panic, anger, and lots of ill-advised investment claims, several claiming to have lost over $100k (948 points, 309 comments)
    3. Let's End the War and focus on the TRUE ENEMY (730 points, 349 comments)
    4. Archive.org has received over twice as many donations ($4800) in Bitcoincash as compared to BTC. This is how we win. (552 points, 157 comments)
    5. Segwhat? Gavin Andresen has developed a new block propagation algorithm able to compress the block down to 1/10th of the size of a Compact Block (Core's technology) using bloom filters called GRAPHENE. 10 times larger blocks, no size increase! 1mb 10mb, 8mb - 80mb, etc. (413 points, 181 comments)
    6. Remember Ross Ulbricht: Dread Pirate Roberts and the Silk Road experiment (400 points, 217 comments)
  20. 3746 points, 8 submissions: knight222
    1. PSA: /bitcoin IS UNDER ATTACK (761 points, 260 comments)
    2. /btc is trending! (528 points, 63 comments)
    3. Bitstamp To Launch Bitcoin Cash Trading (487 points, 80 comments)
    4. Mycelium.com on Twitter: "We support whatever will allow bitcoin to remain censorship resistant. For now that's only possible with bigger blocks." (442 points, 39 comments)
    5. CBS is referring the new chain as "Bitcoin Cash" and the old chain as "Bitcoin Classic". Ahah (421 points, 121 comments)
    6. Bitcoin cash (BCH) price could lead to bitcoin "death spiral" - Quartz (375 points, 55 comments)
    7. Bitcoin Cash just destroyed the narrative of a contentious hard fork. There is nothing contentious with free choice. (369 points, 114 comments)
    8. Bitcoin Cash support expected in the next Mycelium release! (363 points, 84 comments)
  21. 3550 points, 6 submissions: singularity87
    1. I am stepping down as a moderator of btc and exiting the bitcoin community and entering the Ethereum community. (1110 points, 482 comments)
    2. Now that the debate is over, lets finally make some progress forward. We are starting a marketing fund to expand Bitcoin Cash adoption. (722 points, 211 comments)
    3. Bitcoin Cash Logo Animation GIF. Feel free to use. (562 points, 83 comments)
    4. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. (440 points, 270 comments)
    5. Now that REAL consensus is forming, be ready for Core to offer a 2MB hardfork as a last ditch effort to retain their power. DO NOT GIVE IN! (363 points, 179 comments)
    6. btc now has ~50% of the active users of Bitcoin. At this rate btc will soon be the dominant bitcoin subreddit. (353 points, 55 comments)

Top Commenters

  1. jessquit (17415 points, 1759 comments)
  2. H0dl (8425 points, 1127 comments)
  3. knight222 (7888 points, 810 comments)
  4. ForkiusMaximus (7755 points, 700 comments)
  5. MemoryDealers (7539 points, 197 comments)
  6. tippr (7348 points, 2740 comments)
  7. Ant-n (7224 points, 965 comments)
  8. BeijingBitcoins (6072 points, 459 comments)
  9. BitcoinXio (5984 points, 320 comments)
  10. BitcoinIsTehFuture (5845 points, 516 comments)
  11. imaginary_username (5762 points, 471 comments)
  12. Adrian-X (5748 points, 1069 comments)
  13. LexGrom (5224 points, 1592 comments)
  14. cryptorebel (4869 points, 464 comments)
  15. Egon_1 (4769 points, 368 comments)
  16. awemany (4738 points, 643 comments)
  17. Kain_niaK (4561 points, 692 comments)
  18. BitttBurger (4410 points, 525 comments)
  19. PsyRev_ (4176 points, 477 comments)
  20. Bitcoinopoly (4002 points, 414 comments)
  21. poorbrokebastard (3986 points, 719 comments)
  22. vbuterin (3840 points, 22 comments)
  23. Shock_The_Stream (3769 points, 437 comments)
  24. todu (3692 points, 266 comments)
  25. Richy_T (3626 points, 847 comments)
  26. LovelyDay (3595 points, 332 comments)
  27. shadowofashadow (3498 points, 383 comments)
  28. rdar1999 (3475 points, 456 comments)
  29. btcnewsupdates (3403 points, 328 comments)
  30. KoKansei (3286 points, 198 comments)
  31. jonald_fyookball (3219 points, 251 comments)
  32. 1s44c (3186 points, 619 comments)
  33. nanoakron (2989 points, 113 comments)
  34. NilacTheGrim (2925 points, 440 comments)
  35. singularity87 (2746 points, 240 comments)
  36. Vibr8gKiwi (2594 points, 148 comments)
  37. jstolfi (2541 points, 263 comments)
  38. esquonk (2532 points, 2 comments)
  39. fiah84 (2496 points, 289 comments)
  40. unitedstatian (2445 points, 451 comments)
  41. MobTwo (2372 points, 147 comments)
  42. chernobyl169 (2353 points, 199 comments)
  43. kairepaire (2280 points, 17 comments)
  44. ShadowOfHarbringer (2272 points, 206 comments)
  45. playfulexistence (2241 points, 99 comments)
  46. LiamGaughan (2240 points, 83 comments)
  47. redlightsaber (2238 points, 328 comments)
  48. we-are-all-satoshi (2201 points, 39 comments)
  49. Annapurna317 (2198 points, 223 comments)
  50. MagicalTux (2153 points, 114 comments)

Top Submissions

  1. Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin. by censorship_notifier (8585 points, 1166 comments)
  2. The idiocracy of bitcoin by PedanticPendant (7772 points, 750 comments)
  3. As of today, Steam will no longer support Bitcoin as a payment method by boomtnt46 (6980 points, 1178 comments)
  4. Buy, sell, send and receive Bitcoin Cash on Coinbase by 11111101000 (5329 points, 1019 comments)
  5. bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" by Egon_1 (4810 points, 506 comments)
  6. Guess who controls over half a billion Tethers across 3 exchanges—over 73% of USDT currently in circulation. by peptocurrency (4748 points, 635 comments)
  7. Average Bitcoin transaction fee is now above five dollars. 80% of the world population lives on less than $10 a day. So much for "banking the unbanked." by BeijingBitcoins (3417 points, 463 comments)
  8. Latest projections show BTC will break the time space continuum by cryptopicker (3292 points, 146 comments)
  9. Two biggest Bitcoin subs according to their counterparts (posted on both subs) by themetalfriend (3135 points, 232 comments)
  10. rBitcoin logic: Cashing out? You should kill yourself instead by DrunkPanda (2918 points, 560 comments)

Top Comments

  1. 2527 points: esquonk's comment in As of today, Steam will no longer support Bitcoin as a payment method
  2. 2289 points: nanoakron's comment in Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
  3. 2025 points: kairepaire's comment in As of today, Steam will no longer support Bitcoin as a payment method
  4. 2018 points: vbuterin's comment in "So no worries, Ethereum's long term value is still ~0." -Greg Maxwell, CTO of Blockstream and opponent of allowing Bitcoin to scale as Satoshi had planned.
  5. 1215 points: vbuterin's comment in Vitalik Buterin tried to develop Ethereum on top of Bitcoin, but was stalled because the developers made it hard to build on top of Bitcoin. Vitalik only then built Ethereum as a separate currency
  6. 1211 points: LiamGaughan's comment in As of today, Steam will no longer support Bitcoin as a payment method
  7. 1184 points: anothertimewaster's comment in Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
  8. 1180 points: TacoPi's comment in Buy, sell, send and receive Bitcoin Cash on Coinbase
  9. 962 points: insanityzwolf's comment in bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
  10. 868 points: SethEllis's comment in As of today, Steam will no longer support Bitcoin as a payment method
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Many people might not have noticed, Greg Maxwell has already publicly (and naïvely) *admitted* that he is deliberately attempting to SUPPRESS THE PRICE OF BITCOIN. If Bitcoin were a government-regulated market, his sorry ass would be in jail by now for market manipulation - which is illegal.

(I'm posting this over here in bitcoin_uncensored instead of btc - simply because I happen to be more pissed off than usual today at that ignorant piece of shit Greg Maxwell, and I don't want to clutter up btc with too much profanity from me, to avoid possibly offending anyone :=)
http://diyhpl.us/wiki/transcripts/2016-july-bitcoin-developers-miners-meeting/jihan-wu-google-tech-talk/
https://archive.is/55VtA#selection-301.128-301.394
Greg Maxwell: If you imagine that everyone in the world would wake up tomorrow and know in their heart of hearts that bitcoin would be the true reserve currency of the world, then this would not be good news. The result would be war. People would fight over the supply of bitcoin.
The above statement is a surprisingly revealing (and inculpatory) admission by Gregory Maxwell (self-appointed dictator of Bitcoin monetary policy CTO of Blockstream, and architect of the Core stalling scaling road-map signed by 57 devs and wannabe devs).
It is quoted from the transcript of the invite-only, semi-transparent (manually transcribed, not recorded) Fed meeting private meeting between Core/Blockstream devs and Chinese miners, held in Silicon Valley on July 30-31, 2016.
There is only one way that a trader (or a government regulator) would interpret the above statement by Gregory Maxwell nullc, where he (perhaps inadvertently but) openly and brazenly admits that he is trying to prevent a free market where "people would fight over the supply of bitcoin".
Greg's statement constitutes a clear and damning admission of attempted market manipulation.
Market manipulation is typically used for activities such as insider trading, and front-running - which are illegal in regulated markets.
Greg Maxwell has publicly admitted that he is attempting to artificially suppress Bitcoin adoption and price - at least in the short term (perhaps so that he and certain insider "friends" of his can continue to buy bitcoins while they're still waaay below their possible future value of one million dollars per bitcoin?).
Fuck you, Greg Maxwell - and the central bankers you rode in on.
submitted by ydtm to bitcoin_uncensored [link] [comments]

Subreddit Stats: btc top posts from 2017-05-17 to 2018-05-16 16:37 PDT

Period: 364.19 days
Submissions Comments
Total 1000 171217
Rate (per day) 2.75 467.46
Unique Redditors 530 18280
Combined Score 587073 990947

Top Submitters' Top Submissions

  1. 27576 points, 60 submissions: MemoryDealers
    1. I'm Roger Ver, CEO of Bitcoin.com and world's first investor in Bitcoin startups. AMA (974 points, 941 comments)
    2. The pro Bitcoin Cash video from CNBC made it to the very front page of Yahoo.com! (863 points, 191 comments)
    3. I (Roger Ver) will be doing an AMA on Monday Dec 18th starting at 10AM EST on /BTC because /Bitcoin is completely censored. (820 points, 413 comments)
    4. Reminder: Blockstream and Core got 100% of everything they asked for. (808 points, 333 comments)
    5. I'm giving away $100 each of BCH and BTC on live TV tomorrow by displaying the private key. Guess why? (744 points, 832 comments)
    6. How wrong were they? More than 2 years ago the CEO of Lightning Labs said LN would be ready in less than 6 months (689 points, 276 comments)
    7. To the Censorship loving tyrants in /Bitcoin, don't Say Bitcoin.com didn't warn you! "In the unlikely event that the 2MB block size increase portion of Segwit2x fails to activate, Bitcoin.com will immediately shift all company resources to supporting Bitcoin Cash exclusively." (677 points, 364 comments)
    8. I just bet 1,000 BTC (~$4M USD) that Segwit 2X coin will have more value than Segwit 1x coin. (645 points, 399 comments)
    9. If you think consumers are going to throw away $100’s (and soon $1000’s) on transaction fees to open up a payment channel on the Lightning network, you are delusional. (599 points, 221 comments)
    10. PSA: If you get an email from me (Roger Ver) asking to borrow BTC, you can be 100% sure it as a scam. If they ask to borrow BCH, it is more plausible, but still a scam. (597 points, 73 comments)
  2. 23187 points, 41 submissions: Egon_1
    1. bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" (4814 points, 511 comments)
    2. WSJ: "[bitcoin core] fees have reached an average cost of about $30 per transaction. That makes bitcoin virtually unusable for all but very large transactions. The Bitcoin Cash crowd is just trying to offer a solution to that problem." (1303 points, 339 comments)
    3. Rick Falkvinge:"Fun fact: I am aware of a truckload of companies currently in the process of converting from Bitcoin Legacy to #Bitcoin Cash. I am aware of zero (0) companies going the other direction." (654 points, 228 comments)
    4. "Bitcoin.com wallet now displays "Bitcoin Cash" and "Bitcoin Core" balances. Should satisfy everyone, right? ;)" (626 points, 448 comments)
    5. GDAX: "We will open the BCH-BTC Order Book on Wednesday, January 17 at 9:00 am PST." (624 points, 114 comments)
    6. Stephen (BitPay CEO):"a typical #bitcoin transaction costs $1.80 now, >200k unconfirmed transactions, time for a hard fork to larger blocks ... 8mb please" (545 points, 113 comments)
    7. Erik Voorhees: "Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Avg fees now over $40 per tx. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one TX." (539 points, 147 comments)
    8. @Bitcoin: "The ownership of this account has not changed hands. I became busy with other things, much has changed since then and I've decided to take a more active role in the community once again." (536 points, 125 comments)
    9. BitPay CEO: “If people can’t engage in commerce, it’s hard to imagine why they’d want to store their money in Bitcoin in the first place” (530 points, 134 comments)
    10. U.S. Regulators to Subpoena Crypto Exchange Bitfinex, Tether (527 points, 196 comments)
  3. 13318 points, 28 submissions: hunk_quark
    1. Censored! Youtube removes Roger Ver's video on "The effects of Censorship and Propaganda upon Bitcoin" (1001 points, 297 comments)
    2. CNBC is waking up (882 points, 145 comments)
    3. Despite massing brigading from bitcoin and core, @Bitcoin twitter account has gained 50k subscribers since it came out in support of BCH last week. (623 points, 198 comments)
    4. Warren Buffet's Berkshire is the single largest stockholder in BoA and WellsFargo. In case you were wondering about his attitude towards Bitcoin. (616 points, 114 comments)
    5. Bitfinex defines Bitcoin Cash as the coin that fulfills the original promise of p2p cash, a bitcoin upgrade that is ready to scale and sound money! #Winning (608 points, 166 comments)
    6. Wouldn't wanna be this shopper. (587 points, 125 comments)
    7. GDAX enabling EUBCH trading pair next week. #winning 🎆 (574 points, 67 comments)
    8. Thank to this community's effort, Forbes has corrected Kyle's Torpey's LN article to clarify LTC tx fees is much higher than BCH. Now let's ask for 1 more correction: Bitcoin cash is not Bcash. Links in comments. (508 points, 176 comments)
    9. Elizabeth Stark of Lightning labs calls out Blockstream on letting users tinker with LN that's neither safe nor ready for mainnet. (492 points, 269 comments)
    10. The $2000 tip for Bitcoin ABC dev shows we don't need blockstream to pay our developers, we can do community funding through tippr! (462 points, 131 comments)
  4. 10330 points, 13 submissions: BeijingBitcoins
    1. Average Bitcoin transaction fee is now above five dollars. 80% of the world population lives on less than $10 a day. So much for "banking the unbanked." (3417 points, 465 comments)
    2. Dear Reddit Admins: We need to talk about /Bitcoin (1340 points, 284 comments)
    3. Paid for this whisky with Bitcoin Cash! Ginza bar becomes third Tokyo retail establishment to accept BCC (749 points, 60 comments)
    4. Samson Mow says Bitcoin isn't for people earning less than $2 a day. With average transaction fees now at $27.20, is Bitcoin even for people earning less than $100 a day? (661 points, 163 comments)
    5. Protip: If you are new to Bitcoin and cryptocurrency in general, you really should read the document that started it all, the Bitcoin whitepaper [PDF] (647 points, 73 comments)
    6. /Bitcoin in a nutshell (537 points, 69 comments)
    7. Three years ago today, Mike Hearn published an article explaining exactly what would happen when the 1MB blocksize limit was hit. He was right on all counts. (482 points, 173 comments)
    8. Shit, they're on to us (455 points, 67 comments)
    9. "Am I so out of touch?" (437 points, 164 comments)
    10. abrkn on Twitter: I've bought some Bitcoin Cash. Now I just need @Blockstream to keep kicking developers, banning wallets, and insulting miners. (426 points, 95 comments)
  5. 9412 points, 19 submissions: BitcoinXio
    1. /bitcoin is censoring the NIST report that says "Bitcoin Cash is the original blockchain" and Bitcoin Core is not. If you have to censor to get people to believe you, then you have lost. (854 points, 500 comments)
    2. Someone hacked the account todu which was a mod here to point users to /bitcoin (736 points, 263 comments)
    3. Congrats: /btc has reached 150,000 subscribers! (702 points, 356 comments)
    4. Twitter continues to go downhill - flags @Bitcoin account as ‘temporarily restricted due to unusual activity’ (637 points, 216 comments)
    5. There is a huge edit war on Wikipedia where trolls like the user "Jtbobwaysf" are trying very hard to inject the word "bcash" into Bitcoin Cash pages and reverting/editing other pages that speak factually poorly on topics such as Lightning Network, Segwit, etc. (626 points, 153 comments)
    6. What /bitcoin mods desperately don't want you to see! (597 points, 106 comments)
    7. /btc is trending on reddit today, congrats everyone! (584 points, 18 comments)
    8. Bitcoin Cash is upgrading on May 15 to 32MB max block limit (579 points, 335 comments)
    9. /DarkNetMarkets shut down by Reddit (452 points, 324 comments)
    10. Just a heads up on what is going on in this sub - please be aware of what is happening. There is a coordinated effort by a specific group to undermine and destroy everything that we support because they are about to lose power come mid-November. (422 points, 200 comments)
  6. 9302 points, 2 submissions: censorship_notifier
    1. Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin. (8584 points, 1173 comments)
    2. New anti-censorship bot for /bitcoin (718 points, 347 comments)
  7. 8263 points, 15 submissions: jessquit
    1. You can now store a year's worth of continuously full 8MB blocks for the cost of a single BTC transaction (1375 points, 386 comments)
    2. There never was a "scaling problem." The only problem is "people that don't want Bitcoin to scale." (776 points, 419 comments)
    3. Please stop saying "Increase the block size" (661 points, 450 comments)
    4. [PSA] If your Bitcoin are not ready-to-transact in a wallet whose keys you exclusively control, then you don't control your Bitcoin (625 points, 216 comments)
    5. Why us old-school Bitcoiners argue that Bitcoin Cash should be considered "the real Bitcoin" (585 points, 587 comments)
    6. I think we need an EDA fix before the Nov hardfork (535 points, 346 comments)
    7. Why large blocks: because one man's "coffee purchase transaction" is another man's monthly income (508 points, 104 comments)
    8. There is a word for a "store of value" with no underlying utility, and that word is "collectible" (481 points, 171 comments)
    9. Ripple user comes to defend Ripple, gets hundreds of upvotes, but can't answer the most fundamental question: what prevents inflation? (462 points, 407 comments)
    10. If you don't agree that the mission is to make onchain transactions readily available to ALL people at ALL income levels then you don't understand the whole reason Bitcoin was invented to begin with (449 points, 203 comments)
  8. 8227 points, 17 submissions: increaseblocks
    1. No Neo I'm trying to tell you ... (700 points, 77 comments)
    2. Blockstream is falling apart - Greg Maxwell resigns - Blockstream takes down team page in a hurry to reorg team - Adam Back must be worried (680 points, 496 comments)
    3. * Ripple is not mineable (it is a centralized private blockchain run by banks) (628 points, 254 comments)
    4. rBitcoin moderator confesses and comes clean that Blockstream is only trying to make a profit by exploiting Bitcoin and pushing users off chain onto sidechains (576 points, 188 comments)
    5. Fixed - Bitcoin Cash moving money far better. SegWitCoin moving money with high fees and slow confirmation times! (538 points, 105 comments)
    6. Blockstream investor emails leaked - shows Blockstream motivation to steal transaction fees from miners and pay to Liquid sidechain customers (531 points, 250 comments)
    7. Vitalik Buterin says what we've all been saying - CoinDesk is scammy and complicit bad actor in the cryptocurrency world and should be shunned (511 points, 61 comments)
    8. "Blockstream plans to sell side chains to enterprises, charging a fixed monthly fee, taking transaction fees and even selling hardware" source- Adam Back Blockstream CEO (494 points, 143 comments)
    9. Coinbase comes through and does the correct thing and adds clarification on the upcoming Segwit2x Fork (452 points, 199 comments)
    10. Core trolls have hard decisions to make (437 points, 141 comments)
  9. 8207 points, 19 submissions: Windowly
    1. "If BCH hashpower > BTC, I'll start referring to it as just 'Bitcoin' :" ~ Gavin on twitter (773 points, 238 comments)
    2. You want to go grab a coffee?? (643 points, 420 comments)
    3. "I guess my idea of "freedom from corrupt banks" didn't include transaction fees that forced 99% of the world's population to keep using banks."~Erik Voorhees (595 points, 122 comments)
    4. "With recent developments, I'm putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I'm far from alone."~Rick Falkvinge (Pirate Party) (493 points, 134 comments)
    5. "We've tested Bitcoin Cash vs Lightning Network and... LN feels so unnecessary and over-complicated. Also, still more expensive than Bitcoin Cash fees - and that's not taking into account the $3 fees each way you open or close a $50 channel. Also two different balances? Confusing" ~ HandCash (465 points, 252 comments)
    6. That Awkward Moment. . . . (431 points, 129 comments)
    7. "There was an entire mall in 2013 to 2015 in Berlin that accepted Bitcoin. This stopped when fees rose. There was wide adoption once. Fees kill use"~Dr. Craig S. Wright (427 points, 155 comments)
    8. "Billion-dollar corporations take note: Bitcoin Cash is open for business! Just try to fill up our blocks, I dare you. There will be no "Fidelity Effect" with BCH. Unlike BTC, we want you to use the Blockchain. BCH never really hits a scale ceiling."~Dr. Peter Rizun (419 points, 177 comments)
    9. Bitcoin Cash finally released on Open Bazaar! (417 points, 36 comments)
    10. Trezor is refusing to provide full wallet support for Segwit2x. This means if you buy Segwit2X on an exchange you can't store it in your hardware wallet. Another reason to buy a Ledger! (394 points, 200 comments)
  10. 8112 points, 2 submissions: PedanticPendant
    1. The idiocracy of bitcoin (7759 points, 751 comments)
    2. I made a new version of the well-known "Differences between the two versions of Bitcoin" diagram which I think is more informative (353 points, 135 comments)
  11. 7032 points, 11 submissions: rdar1999
    1. South Koreans sign petition (100k signatures) to reject ban proposal and 30k signatures asking to FIRE the Justice Minister and the Finance Minister for market manipulation. Crypto is winning!! (1858 points, 119 comments)
    2. BREAKING NEWS: South Korean Government confirms NO CRYPTO BAN. What they will do is to enforce regulations, anti money laundering task force, anti market manipulation, the usual stuff. (1089 points, 52 comments)
    3. Friendly reminder: Vitalik "I consider BCH a legitimate contender for the bitcoin name." (800 points, 181 comments)
    4. Shutting down or restricting the uses of bank accounts, thereby forbidding clients to buy crypto, is a blatant affront to the rights of civil liberty, manifested, but not limited to, in the rights to private property and free speech (563 points, 262 comments)
    5. GDAX: Bitcoin Cash Launch Retrospective -- trades were halted after 3 minutes because THE STASH DRIED OUT DUE TO AN AVALANCHE OF BUY ORDERS (486 points, 164 comments)
    6. While Jamie Dimon is shutting down your accounts, Russia’s largest State Bank is about to open cryptocurrency exchange In europe (433 points, 39 comments)
    7. Flippening: blockexplorer.com says: "We have made the decision to support the only bitcoin fork with a postive utility momentum, which is Bitcoin Cash.(...) We will not add future support for the Blockstream fork of bitcoin ("Bitcoin Legacy"), and will be deprecating it entirely " (426 points, 110 comments)
    8. National Institute of Standards and Technology confirm: "Bitcoin Core (BTC) is a fork and Bitcoin Cash (BCH) is the real Bitcoin" p.43 para 8.1.2 (365 points, 115 comments)
    9. TABGATE==> the astroturfing/hired shills scandal. Adam Back let it slip he hires full-time teams of social media shills/trolls. Just read! (358 points, 273 comments)
    10. Naomi Brockwell on Twitter: "[I] won’t succumb to censorship through intimidation." (330 points, 190 comments)
  12. 6983 points, 1 submission: boomtnt46
    1. As of today, Steam will no longer support Bitcoin as a payment method (6983 points, 1192 comments)
  13. 6148 points, 7 submissions: normal_rc
    1. Legacy Bitcoin tries to buy a cup of coffee (2299 points, 503 comments)
    2. WARNING: Brutal scam. Guy buys a Ledger Nano wallet on Ebay, and it steals all his cryptocurrency ($34,000, which is his life's savings). (1475 points, 522 comments)
    3. How the Bilderberg Group, the Federal Reserve central bank, and MasterCard took over Bitcoin BTC. (590 points, 221 comments)
    4. Cryptocurrency usually automatically downvotes any pro-BCH thread into oblivion. But I got my CoinText.io post to trend to #3 on their front page, by simply not saying "Bitcoin Cash". Proof that people would love BCH if they kept an open mind. (541 points, 208 comments)
    5. Tor Project can accept small donations again, thanks to Bitcoin Cash. (452 points, 35 comments)
    6. 100,000+ Merchants Start Accepting Bitcoin Cash. More than 100,000 BitPay merchants are now accepting Bitcoin Cash with the option seemingly automatically turned on for all of them. (413 points, 109 comments)
    7. Bitpay announcement: Electron Cash wallet now fully supports Bitpay BIP70 payment invoices for Bitcoin Cash. (378 points, 37 comments)
  14. 6118 points, 12 submissions: btcnewsupdates
    1. Starbucks CEO Wants Crypto. Considering All Currencies Except Bitcoin Core (BTC): "It is not a currency today nor will it be in the future” (824 points, 221 comments)
    2. Roger Ver: "Dear @reddit, [...] I'll pay you $100,000 USD if you simply appoint a moderator to /Bitcoin who supports free speech." (803 points, 428 comments)
    3. Hundreds of botted accounts mixed with some real ones simultaneously post "Bitcoin Cash is Trash" on twitter. Blockstream reaching sheer desperation status. (724 points, 285 comments)
    4. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! (597 points, 115 comments)
    5. ProtonMail asking for community assistance to enable Bitcoin Cash payments (536 points, 84 comments)
    6. WooCommerce brings Bitcoin Cash (BCH) to its 380,000 online retailers. (471 points, 98 comments)
    7. A Bitcoin Entrepreneur Jonathan Hamel knowingly misleads a Canadian Parliamentary committee to smear Bitcoin Cash (BCH). More Lawlessness from Bitcoin/Lightning (406 points, 193 comments)
    8. Largest Sports Gambling Site in the World, Bovada, now Accepts BCH. Billions of dollars in transactions a year (384 points, 60 comments)
    9. Bitcoin Cash support on OpenBazaar now live (360 points, 44 comments)
    10. Korean exchange KuCoin announce BCH trading pairs. (347 points, 40 comments)
  15. 5793 points, 12 submissions: BitcoinIsTehFuture
    1. “Graphene” is a new Bitcoin block propagation technology that is 10x more efficient than Core’s “Compact Blocks”! Created by: Gavin Andresen, A. Pinar Ozisik, George Bissias, Amir Houmansadr, Brian Neil Levine. (719 points, 225 comments)
    2. Just so you guys know: Ethereum just had another successful hardfork network upgrade. Blockstream is wrong when they say you cannot hard fork to improve things. (663 points, 399 comments)
    3. Western Union vs. Bitcoin vs. Bitcoin Cash (634 points, 102 comments)
    4. It's called "Bitcoin Cash". The term "Bcash" is a social attack run by bitcoin. Not joking. Here is the full explanation, with proof. (568 points, 311 comments)
    5. On a reply I made in bitcoin that had over 350 upvotes, I was first somehow blocked from being able to reply on bitcoin and then actually banned when I edited my comment to state that I was blocked from replying. (505 points, 100 comments)
    6. The /bitconnect subreddit just got set to private! Bitconnect experienced a 90% drop, from over $300 down to $26! The scam has gone belly up at last! (442 points, 169 comments)
    7. Bitcoin Core Dev "Luke-jr" is asked why he is interested in Bitcoin. This is one of the main people in charge of Bitcoin right now. (408 points, 384 comments)
    8. I believe Bitcoin Core/Blockstream is now attempting to infiltrate Bitcoin Cash in the same manner that they did with Bitcoin Segwit. They are suddenly befriending Bitcoin Cash. Only in that way can they destroy from within. Do not be fooled. (405 points, 170 comments)
    9. #NOTX (392 points, 56 comments)
    10. Bitstamp just now renamed "Bcash" to "Bitcoin Cash". Win! (366 points, 61 comments)
  16. 5332 points, 1 submission: 11111101000
    1. Buy, sell, send and receive Bitcoin Cash on Coinbase (5332 points, 1034 comments)
  17. 5148 points, 2 submissions: peptocurrency
    1. Guess who controls over half a billion Tethers across 3 exchanges—over 73% of USDT currently in circulation. (4745 points, 637 comments)
    2. Dear Bitcoin: You're right. BTC has been attacked. (403 points, 107 comments)
  18. 5048 points, 8 submissions: cryptorebel
    1. You have $100 worth of BTC. So you purchase an item for $66, but have to pay a $17 fee. Now you have $17 worth of Bitcoin left, but it costs $17 more to move it. So $66 item effectively cost you $100. #Thanks BlockStream (1427 points, 434 comments)
    2. President of SBI Holdings: "The vision of the original Bitcoin white paper written by Satoshi Nakamoto calls for a peer-to-peer electronic cash system. That is a powerful vision, and SBI Group will devote resources to enable a future world where Bitcoin Cash is used globally for daily payments." (847 points, 84 comments)
    3. They used to use Bitcoin... (738 points, 179 comments)
    4. Elizabeth Stark of Lightning Labs admits that a hostile actor can steal funds in LN unless you broadcast a transaction on-chain with a cryptographic proof that recovers the funds. This means LN won't work without a block size limit increase. @8min17s (496 points, 434 comments)
    5. CEO of Bitcoin.com Roger Ver challenges Samson Mow to a debate once again, will Samson refuse again? The reason small blockers do not debate and need censorship is because they know their arguments cannot stand up to scrutiny. (429 points, 208 comments)
    6. Update from BitGo: "Due to strong customer interest BitGo will enable full support of Bitcoin Cash" (406 points, 25 comments)
    7. BitPay CEO hints at possible Bitcoin Cash acceptance: "We do listen to our customers and for quite some time their number 1 complaint has been the high fees and slow confirmation times. We really don't like to pre-announce things though. Things move fast and plans can change at the last minute. " (359 points, 73 comments)
    8. Congratulations, we have surpassed /bitcoin in "users here now" with 3600 users! (346 points, 63 comments)
  19. 4323 points, 6 submissions: Anenome5
    1. Government: "Cryptocurrencies are too risky." Also government: "Buy lottery tickets." (1297 points, 141 comments)
    2. Death of a Scamcoin: Bitconnect's front page screenshotted moments before they went private, showing panic, anger, and lots of ill-advised investment claims, several claiming to have lost over $100k (949 points, 314 comments)
    3. Let's End the War and focus on the TRUE ENEMY (722 points, 349 comments)
    4. Archive.org has received over twice as many donations ($4800) in Bitcoincash as compared to BTC. This is how we win. (547 points, 157 comments)
    5. Segwhat? Gavin Andresen has developed a new block propagation algorithm able to compress the block down to 1/10th of the size of a Compact Block (Core's technology) using bloom filters called GRAPHENE. 10 times larger blocks, no size increase! 1mb 10mb, 8mb - 80mb, etc. (407 points, 182 comments)
    6. Remember Ross Ulbricht: Dread Pirate Roberts and the Silk Road experiment (401 points, 218 comments)
  20. 4259 points, 10 submissions: knight222
    1. PSA: /bitcoin IS UNDER ATTACK (764 points, 262 comments)
    2. /btc is trending! (522 points, 63 comments)
    3. Bitstamp To Launch Bitcoin Cash Trading (483 points, 81 comments)
    4. CBS is referring the new chain as "Bitcoin Cash" and the old chain as "Bitcoin Classic". Ahah (414 points, 121 comments)
    5. Bitcoin cash (BCH) price could lead to bitcoin "death spiral" - Quartz (373 points, 55 comments)
    6. Bitcoin Cash just destroyed the narrative of a contentious hard fork. There is nothing contentious with free choice. (372 points, 115 comments)
    7. Bitcoin Cash support expected in the next Mycelium release! (362 points, 84 comments)
    8. Anti-Censorship Bot For Detecting Deleted Posts on Reddit Gets Censored - Bitcoin News (326 points, 88 comments)
    9. Every mainstream news outlet refer the fork as "Bitcoin Cash". (324 points, 123 comments)
    10. On Shapeshift right now. (319 points, 98 comments)

Top Commenters

  1. jessquit (18478 points, 1851 comments)
  2. H0dl (8651 points, 1170 comments)
  3. tippr (8182 points, 3135 comments)
  4. MemoryDealers (7610 points, 205 comments)
  5. ForkiusMaximus (7398 points, 685 comments)
  6. Ant-n (6860 points, 932 comments)
  7. knight222 (6608 points, 689 comments)
  8. imaginary_username (6465 points, 524 comments)
  9. BitcoinIsTehFuture (5444 points, 475 comments)
  10. LexGrom (5404 points, 1642 comments)
  11. BeijingBitcoins (5188 points, 404 comments)
  12. BitcoinXio (5072 points, 282 comments)
  13. Adrian-X (4416 points, 854 comments)
  14. poorbrokebastard (4324 points, 782 comments)
  15. PsyRev_ (4261 points, 532 comments)
  16. Egon_1 (4254 points, 292 comments)
  17. BitttBurger (4154 points, 464 comments)
  18. btcnewsupdates (4084 points, 402 comments)
  19. Kain_niaK (3996 points, 660 comments)
  20. cryptorebel (3801 points, 376 comments)

Top Submissions

  1. Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin. by censorship_notifier (8584 points, 1173 comments)
  2. The idiocracy of bitcoin by PedanticPendant (7759 points, 751 comments)
  3. As of today, Steam will no longer support Bitcoin as a payment method by boomtnt46 (6983 points, 1192 comments)
  4. Buy, sell, send and receive Bitcoin Cash on Coinbase by 11111101000 (5332 points, 1034 comments)
  5. bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" by Egon_1 (4814 points, 511 comments)
  6. Guess who controls over half a billion Tethers across 3 exchanges—over 73% of USDT currently in circulation. by peptocurrency (4745 points, 637 comments)
  7. Average Bitcoin transaction fee is now above five dollars. 80% of the world population lives on less than $10 a day. So much for "banking the unbanked." by BeijingBitcoins (3417 points, 465 comments)
  8. Latest projections show BTC will break the time space continuum by cryptopicker (3288 points, 151 comments)
  9. <--- This many people want bitcoincash.org to follow Coinbase and go green for brand recognition by connor-j (3262 points, 373 comments)
  10. Two biggest Bitcoin subs according to their counterparts (posted on both subs) by themetalfriend (3131 points, 232 comments)

Top Comments

  1. 2533 points: esquonk's comment in As of today, Steam will no longer support Bitcoin as a payment method
  2. 2290 points: nanoakron's comment in Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
  3. 2028 points: kairepaire's comment in As of today, Steam will no longer support Bitcoin as a payment method
  4. 2019 points: vbuterin's comment in "So no worries, Ethereum's long term value is still ~0." -Greg Maxwell, CTO of Blockstream and opponent of allowing Bitcoin to scale as Satoshi had planned.
  5. 1210 points: vbuterin's comment in Vitalik Buterin tried to develop Ethereum on top of Bitcoin, but was stalled because the developers made it hard to build on top of Bitcoin. Vitalik only then built Ethereum as a separate currency
  6. 1205 points: LiamGaughan's comment in As of today, Steam will no longer support Bitcoin as a payment method
  7. 1181 points: anothertimewaster's comment in Evidence that the mods of /Bitcoin may have been involved with the hacking and vote manipulation "attack" on /Bitcoin.
  8. 1178 points: TacoPi's comment in Buy, sell, send and receive Bitcoin Cash on Coinbase
  9. 959 points: insanityzwolf's comment in bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do"
  10. 871 points: SethEllis's comment in As of today, Steam will no longer support Bitcoin as a payment method
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: btc posts from 2017-10-03 to 2017-10-09 13:22 PDT

Period: 6.50 days
Submissions Comments
Total 837 20193
Rate (per day) 128.85 2692.43
Unique Redditors 489 2132
Combined Score 26601 69285

Top Submitters' Top Submissions

  1. 1086 points, 17 submissions: increaseblocks
    1. Another all time low achieved - The Blockstream CSO just reported Coinbase to the NYDFS (on Twitter) claiming they are violating the Bitlicense (199 points, 91 comments)
    2. Craig Wright is NOT the face of or "CEO" Bitcoin Cash (181 points, 116 comments)
    3. Bitcoin Cash (BCH) Withdrawals now available on Gemini exchange (176 points, 39 comments)
    4. In just the month of September 2017 alone rBitcoin mods censored 5633 posts and comments! (115 points, 19 comments)
    5. Forget stealing data — these hackers broke into Amazon's cloud to mine bitcoin (91 points, 11 comments)
    6. Why Blockstream Is So Loudly Against Segwit2x (72 points, 52 comments)
    7. 10 reasons why Reddit admins should close down Bitcoin and not BTC (63 points, 62 comments)
    8. These are the real enemies of Bitcoin (43 points, 23 comments)
    9. Bitcoin Core developers along with Blockstream are destroying Bitcoin (36 points, 5 comments)
    10. Theory: Bitcoin Cash price is dropping as we get closer to SegWit2X hard fork. People are putting their money back into the SegWit1X chain for now so they can claim coins on both chains come November. (34 points, 43 comments)
  2. 970 points, 8 submissions: MemoryDealers
    1. Repost: "The notion of every #bitcoin user running their own node is as dumb as the notion of every email user running their own server.' (279 points, 233 comments)
    2. Just letting Bitcoin.org know that Bitcoin.com will list S2X as BTC (Just like 95% of the rest of the ecosystem will) (243 points, 146 comments)
    3. Censorship question (158 points, 164 comments)
    4. The newest Bitcoin CASH billboard is coming to Silicon Valley! ($1,000 in Bitcoin Cash giveaway contest) (90 points, 38 comments)
    5. Core supporter mentality: Why would anyone ever switch from Myspace to Facebook? Of course they won't, we are already #1 (73 points, 67 comments)
    6. Insights from "a professional capacity planner for one of the world’s busiest websites" on the block size issue. (59 points, 18 comments)
    7. South Korean Startups Are Preparing To Fight The Government's ICO Ban (48 points, 2 comments)
    8. Meanwhile in Japan: (20 points, 21 comments)
  3. 895 points, 7 submissions: poorbrokebastard
    1. Is segwit2x the REAL Banker takeover? (288 points, 400 comments)
    2. No supporter of Bitcoin Cash ever called it "Bcash." (207 points, 328 comments)
    3. The real upgrade happened on August 1st, 2017 (186 points, 206 comments)
    4. We are building a Big Blocker's Arsenal of Truth and we need your help! (143 points, 163 comments)
    5. Understanding the Implications of Restricting Capacity in a Peer to Peer Cash System. (53 points, 42 comments)
    6. Block space is a market-based, public good, NOT a centrally controlled, restricted commodity. (18 points, 48 comments)
    7. Crypt0 on youtube talks about the Segwit2x Banker Takeover (0 points, 3 comments)
  4. 866 points, 4 submissions: jessquit
    1. I think we need an EDA fix before the Nov hardfork (540 points, 352 comments)
    2. If you still think that SW2X is going to be a nice clean upgrade per the NYA you're smoking crack (136 points, 177 comments)
    3. Bitcoin Cash is the real Bitcoin, even if Segwit currently has greater market share due to its stronger shilling (104 points, 140 comments)
    4. "Firing Core" by running SW2X makes as much sense as firing the Linux kernel devs by running Ubuntu. (86 points, 69 comments)
  5. 785 points, 8 submissions: btcnewsupdates
    1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! (586 points, 117 comments)
    2. Bitcoin Cash Gains More Infrastructure In the Midst of Segwit2x Drama - Bitcoin News (80 points, 35 comments)
    3. To commemorate its Bitcoin Cash addition, GMO has launched a cash-back campaign for bitcoin cash of up to 25,000 yen (40 points, 0 comments)
    4. India’s Koinex Exchange to Enable Bitcoin Cash Trading Soon (31 points, 13 comments)
    5. Unregulated Is Not Lawless - CFTC is investigating Coinbase’s Ethereum flash crash (23 points, 6 comments)
    6. SimpleFX, online Forex & Cryptocurrency broker recently introduced Bitcoin Cash as a deposit currency (22 points, 0 comments)
    7. Bitcoin Cash Popularity Allows ViaBTC Mining Pool to Surpass 1 Exahash (3 points, 0 comments)
    8. Trade Bitcoin Cash CFDs - The Rapidly Rising Crypto - plus500.co.uk‎ (0 points, 0 comments)
  6. 745 points, 18 submissions: cryptorebel
    1. Great analysis by singularity and jessquit on how anti-btc trolls shifted: "suddenly last year they all disappeared, and a new type of bitcoin user appeared who were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did." (102 points, 50 comments)
    2. Don't fall for EDA Dragons Den FUD. EDA is a powerful weapon that could kill off or cripple the segwit chain for good. Legacy coin has no EDA crash barrier as this article explains. This is why small blockers use FUD us to disarm the EDA (78 points, 118 comments)
    3. Roger Ver CEO of bitcoin.com says that from his point of view the segwit2x split just gives him more coins to sell for the Bitcoin Cash version which he thinks is the more useful Bitcoin @3min41s mark (71 points, 33 comments)
    4. Proof the new Dragons Den plan could be to try to split BCC with an EDA change. Mrhodl is confirmed Dragons Den, and Cobra Bitcoin is the leader of bitcoin.org which is making enemy lists for big block supporting businesses. (70 points, 47 comments)
    5. Right now segwit2x (BT2) is trading for $1143 and segwit1x (BT1) is $3070 on Bitfinex futures markets. Even with not the greatest terms, you would expect 2x to be much higher. I believe this bodes well for BCC. (61 points, 112 comments)
    6. The other day people were suggesting we do an EDA change before the November 2x fork. Here is why I think that is a terrible idea, and why we should only consider EDA change AFTER the 2x fork. (58 points, 40 comments)
    7. "Nick, Adam and others saw the flaw in the system being that they could not ensure one vote one person.. The flaw in that reasoning is assuming that one vote one person was ever a goal. Miners act economically not altruistically." (57 points, 14 comments)
    8. Original chain is now only 4.8% more profitable than Bitcoin Cash chain after the most recent EDA adjustment on BCC. Very normal blocktimes. Where is the EDA dragons den FUD now? (53 points, 33 comments)
    9. Great Explanation from Peter Rizun at 6min mark, on why Segregated Witness no longer fits the Definition of Bitcoin in the Whitepaper as a Chain of Signatures. (51 points, 19 comments)
    10. Right now segwit2x is $650 and segwit1x is $3906. Search for BT1 and BT2 on this page and you can see the futures prices. (51 points, 102 comments)
  7. 640 points, 3 submissions: BeijingBitcoins
    1. "Am I so out of touch?" (441 points, 163 comments)
    2. Bitcoin Cannot Be Only a Store of Value - excellent article by OpenBazaar dev Chris Pacia (189 points, 47 comments)
    3. Interesting research paper: Troops, Trolls and Troublemakers: A Global Inventory of Organized Social Media Manipulation (10 points, 2 comments)
  8. 622 points, 2 submissions: routefire
    1. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" (394 points, 133 comments)
    2. While /bitcoin was circle-jerking to the idea that no exchange would list the SW2x chain as BTC, Bitcoin Thailand's comment to the contrary was removed from the very same thread! (228 points, 70 comments)
  9. 510 points, 6 submissions: BitcoinIsTehFuture
    1. Bitfinex announcement about issuing BT1 & BT2 "Chain Split Tokens" to allow Futures trading. (BT1 = Segwit1x; BT2 = Segwit2x) (172 points, 173 comments)
    2. By proving that it can be done (getting rid of Core) this will set a HUUGE precedent and milestone that dev teams and even outright censorship cannot overtake Bitcoin. That will be an extremely bullish occasionfor all crypto. (149 points, 84 comments)
    3. Bitfinex is going to call Segwit2x coins "B2X" and let Core chain retain "BTC" ticker symbol. Bitfinex is therefore calling Segwit2x an altcoin and Core the "real chain". (138 points, 70 comments)
    4. The goal of all the forks appears to be to dilute investment in the true forks: Bitcoin Cash and Segwit2x. A sort of Scorched Earth approach by Blockstream. They are going to try to tear down Bitcoin as they get removed. (35 points, 11 comments)
    5. Blockstream be like (10 points, 11 comments)
    6. In light of all these upcoming forks, we need a site where you can put in a BTC address and it checks ALL the forks and says which chains still have a balance for that address. This way you can split your coins and send coins carefully. (6 points, 6 comments)
  10. 508 points, 3 submissions: xmrusher
    1. Can we take a moment to appreciate Jeff Garzik for how much bullshit he has to deal with while working to give BTC a long-needed upgrade that Core has been blocking for so long? (278 points, 193 comments)
    2. The very objective article "Bitcoin is not ruled by miners" on the "bitcoin wiki" was added by theymos on 8th of August this year. Nothing strange to see here, just an objective, encyclopedia-quality overview! (155 points, 58 comments)
    3. According to Crooked Greg, Jeff merging opt-in replay protection is "alarming", because it must mean Jeff wants to blacklist people's addresses too. Core devs keep lying and manipulating to stir more drama and further the split in the community. Disgusting! (75 points, 16 comments)
  11. 505 points, 4 submissions: WalterRothbard
    1. Sam Patterson on Twitter: Can anyone explain why miners and CEOs agreeing to a 2mb hard fork was no big deal with the HKA but is a "corporate takeover" with the NYA? (221 points, 85 comments)
    2. Apparently Bitcoin requires trust now - trusting Core. I didn't get that memo. I think I'll opt out. (169 points, 139 comments)
    3. Erik Voorhees on Twitter: Nothing about NYA was secret (106 points, 34 comments)
    4. How much BTC is in segwit addresses? (9 points, 25 comments)
  12. 480 points, 3 submissions: BitcoinXio
    1. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. (325 points, 99 comments)
    2. Blockchain CEO Peter Smith on Twitter: "We've dedicated our lives to building bitcoin products, introduced millions to bitcoin, evangelized, long before it was cool. Enemies?" (in response to Adam Back) (147 points, 47 comments)
    3. Liberty in North Korea: Reddit online community members join forces to assist in the placement of North Korea’s Hermit Kingdom refugees (8 points, 3 comments)
  13. 459 points, 4 submissions: singularity87
    1. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. (435 points, 279 comments)
    2. Understanding Bitcoin - Incentives & The Power Dynamic (13 points, 1 comment)
    3. Understanding Bitcoin - What is 'Centralisation'? (9 points, 9 comments)
    4. Understanding Bitcoin - Validity is in the Eye of the Beholder (2 points, 25 comments)
  14. 434 points, 3 submissions: Gregory_Maxwell
    1. Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively" (214 points, 79 comments)
    2. Gregory Maxwell: I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible. (122 points, 103 comments)
    3. LAST 1000 BLOCKS: Segwit2x-intent blocks: 922 (92.2%) (98 points, 99 comments)
  15. 419 points, 1 submission: Testwest78
    1. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen (419 points, 231 comments)
  16. 412 points, 14 submissions: knight222
    1. Kudos to Theymos who wanted to clear things up... (311 points, 89 comments)
    2. COINFUCIUS on Twitter: We are working with the machine's manufacturer to incorporate Bitcoin Cash support. This is a priority for us. (76 points, 2 comments)
    3. Cash, credit ... or Bitcoin? St. John's gets 1st cybercurrency ATM - Newfoundland - Labrador (9 points, 1 comment)
    4. Banks like the potential of digital currencies but are cool on bitcoin, UBS says (3 points, 0 comments)
    5. The Feds Just Collected $48 Million from Seized Bitcoins (3 points, 1 comment)
    6. while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices. (3 points, 3 comments)
    7. ‘Fraud.’ ‘More than a fad.’ The words Wall Street CEOs are using to describe bitcoin (2 points, 0 comments)
    8. Bitcoin is creating stark divisions on Wall Street (1 point, 0 comments)
    9. Bitcoin: Bitcoin's rise happened in the shadows. Now banks want in (1 point, 0 comments)
    10. Japan’s Biggest Bank Plans to “Overcome” Bitcoin Volatility with 'MUFG Coin' (1 point, 0 comments)
  17. 406 points, 5 submissions: jonald_fyookball
    1. Normal, real twitter users don't add [UASF], [No2x] or any "causes" to their user handles. Obvious astroturfing is obvious. Do they really think they are fooling anyone? (175 points, 134 comments)
    2. Greg Maxwell (and others) may be engaging in the illegal harassment of Jeff Garzik. (92 points, 24 comments)
    3. Bitcoin Cash FAQ updated. Explains why Bitcoin Cash doesn't have SegWit and why it was not considered a capacity increase (87 points, 11 comments)
    4. Is it all a bait and switch campaign? (32 points, 14 comments)
    5. Possible EDA simulation algorithm sketch (20 points, 12 comments)
  18. 404 points, 3 submissions: Annapurna317
    1. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. (364 points, 292 comments)
    2. Notice: Redditor for 3-4 months accounts or accounts that do not have a history of Bitcoin posts are probably the same person or just a few people paid to manipulate discussion here. It's likely a paid astroturfing campaign. (38 points, 30 comments)
    3. The latest TED Radio Hour titled “Getting Organized” talks about the decentralized algorithms of ants and how centralization is not the most ideal state of an organization. (2 points, 0 comments)
  19. 385 points, 1 submission: squarepush3r
    1. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. (385 points, 201 comments)
  20. 381 points, 1 submission: hunk_quark
    1. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. (381 points, 182 comments)
  21. 369 points, 5 submissions: craftercrafter
    1. Gavin Andresen on Twitter: Early bitcoin devs luckily picked the right project at the right time. None are irreplaceable, bitcoin will succeed with or without us. (293 points, 57 comments)
    2. Antpool, BTC.TOP & Viabtc all said EDA is a temporary design for BCC. They are just waiting for the new algorithm. (34 points, 19 comments)
    3. SimpleFX, an Online Forex & Cryptocurrency Broker, Adds Bitcoin Cash Payments as well as Bitcoin Cash Trading Pairs! (27 points, 1 comment)
    4. BCC Miners, two EDAs have locked in. This will reduce mining difficulty to 64.00%. If you are aiming to achieve profit parity, you should start mining after the next EDA (in 2.5 hours), because then the difficulty will be at 51%, which gives profit parity on both chains and steady block rate. (9 points, 14 comments)
    5. Antpool, Viabtc, Bitcoin.com, BTC.com, we need to hear your voice. In the case of a scheduled hardfork for updating the EDA, will your pool follow? (6 points, 18 comments)
  22. 348 points, 6 submissions: specialenmity
    1. Fact: proof of work which is the foundation of bitcoin and not invented by Adam back was designed to counter attacks where one person falsely represents to be many(like spam). Subreddits and twitter dont form the foundation of bitcoin for a reason. (156 points, 27 comments)
    2. I'm a small blocker and I support the NYA (87 points, 46 comments)
    3. Devs find clever way to add replay protection that doesn't change transaction format which would break software compatibility and cause disruption. G. Max responds by saying that this blacklisting is a sign of things to come. (49 points, 57 comments)
    4. Five ways small blocks (AKA core1mb) hurt decentralization (36 points, 4 comments)
    5. Even if bitcoins only use to society was avoiding negative interest rates, bail-ins + bail-outs, that is incredibly useful to society. Of course a banker like Jamie Dimon would call something a fraud that removes a "bank tax" on society by allowing them to avoid these fraudulent charges. (18 points, 0 comments)
    6. There are different kinds of censorship. The core propagandists are unwittingly great advocates of economic censorship (2 points, 1 comment)
  23. 286 points, 2 submissions: coincrazyy
    1. Rick Falkvinge on Twitter - "Blockstream's modus operandi is not particularly hard to copy. It's just so cheap and shortsighted." -Gets 5000 ReTweets and 5000 likes in 30 mins. TO PROVE A POINT. ASTROTURFING DOES NOT MEAN CONSENSUS (164 points, 15 comments)
    2. Segwit was invented by "cypherpunks" THAT FAILED TO CREATE A VIABLE DIGITAL CURRENCY. Bitcoin was created by a cypherpunk that SUCCEEDED. (122 points, 118 comments)
  24. 257 points, 2 submissions: olivierjanss
    1. Why Bitfinex’s “Chain Split Tokens” are completely biased towards the small block side (again) (205 points, 165 comments)
    2. Reminder of what took place behind closed doors in 2016, revealing Blockstream & Core's quest for domination & lies. (52 points, 3 comments)
  25. 254 points, 9 submissions: SeppDepp2
    1. #SegWit2x is an upgrade to BTC and will use the BTC ticker. (103 points, 59 comments)
    2. Core rage quitting Swiss Bitcoin Association ? - Due to a CSW free speech ? - OMG - grow up little prejudges! (76 points, 141 comments)
    3. "Venezuela could soon decide to adopt the Bitcoin as its new currency" - Hope they'll use Satoshi's Bitcoin Cash - They cannot afford high fees like most No2X / NoCash puppets! (36 points, 6 comments)
    4. A short logical layman proof definition of Bitcoin: Look up, what Bitcoin really is: 1) Whitepaper 2) First code version Bitcoin is Bitcoin Cash and includes e.g. the witness. Segwit - Bitcoin is an alternative to this (ALT). (17 points, 3 comments)
    5. Core gets hyperallergic about a free speach of CSW in neutral Switzerland (6 points, 35 comments)
    6. Different Bitcoins: Value proposition, trust, reputation - confidence (6 points, 0 comments)
    7. Four Different November Scenarios (6 points, 24 comments)
    8. Swiss biggest FinTech launches BITCOIN Tracker (valid up to 2020) (2 points, 1 comment)
    9. Watch out for this kind of pattern! If it comes to such a segregation of good old members into good and enemy its gonna be dirty! (2 points, 0 comments)
  26. 230 points, 2 submissions: williaminlondon
    1. PSA: latest rbitcoin post "It's time to label (and remove from reddit.com) what is plainly obvious: btc is a monetized subreddit for bitcoin.com." (126 points, 57 comments)
    2. Did anyone notice how angry Blockstream / Core people are whenever good news are posted here? (104 points, 108 comments)
  27. 227 points, 1 submission: dskloet
    1. All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x. (227 points, 199 comments)
  28. 226 points, 5 submissions: opling
    1. Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card (112 points, 1 comment)
    2. Large Japanese Energy Supplier Adds Bitcoin Payments With a Discount (44 points, 4 comments)
    3. Bitcoin ATMs On the Rise in Russia (40 points, 2 comments)
    4. Russia's Central Bank Instructs Clearinghouse Not to Settle Cryptocurrency Contracts (18 points, 1 comment)
    5. Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea (12 points, 2 comments)
  29. 222 points, 2 submissions: GrumpyAnarchist
    1. Xapo just sold off another 70,000 BCH today, that might explain the price. They're down to 176K in their main wallet now. (166 points, 132 comments)
    2. Roger, can you make Bitcoin Cash an option, with maybe a link to info, in the original wallet setup phase for the Bitcoin.com wallet? (56 points, 28 comments)
  30. 216 points, 7 submissions: uMCCCS
    1. TIL a BS employee, Chris Decker, and some other people released a study that says "4 MB blocks don't cause centralization" (128 points, 19 comments)
    2. Without ASICs, there would be large botnets that are more centralized (44 points, 43 comments)
    3. Bitcoin-ML Bucketed UTXO Commitment (a.k.a. Blockchain pruning!) (27 points, 6 comments)
    4. Bitcoin Cash is Satoshi's BitCoin, not altered Bitcoin (10 points, 10 comments)
    5. TIL BashCo has a website "2x Countdown" (5 points, 1 comment)
    6. How true is rBTC censorship? (2 points, 7 comments)
    7. If S1X lives and Core Never HardForks, BTC will die in year 2038 (0 points, 7 comments)

Top Commenters

  1. williaminlondon (3150 points, 739 comments)
  2. poorbrokebastard (2114 points, 518 comments)
  3. cryptorebel (1768 points, 257 comments)
  4. space58 (1313 points, 201 comments)
  5. Adrian-X (1109 points, 235 comments)
  6. knight222 (1037 points, 157 comments)
  7. bitcoincashuser (946 points, 188 comments)
  8. jessquit (901 points, 150 comments)
  9. ---Ed--- (758 points, 185 comments)
  10. LovelyDay (742 points, 125 comments)
  11. jonald_fyookball (720 points, 106 comments)
  12. Not_Pictured (701 points, 111 comments)
  13. awemany (675 points, 173 comments)
  14. BitcoinXio (611 points, 41 comments)
  15. Gregory_Maxwell (609 points, 90 comments)
  16. singularity87 (608 points, 44 comments)
  17. 2dsxc (587 points, 79 comments)
  18. BitcoinIsTehFuture (567 points, 79 comments)
  19. BTCrob (534 points, 214 comments)
  20. H0dl (531 points, 79 comments)
  21. dskloet (517 points, 94 comments)
  22. Ant-n (509 points, 132 comments)
  23. nullc (497 points, 66 comments)
  24. tippr (483 points, 284 comments)
  25. todu (476 points, 63 comments)
  26. GrumpyAnarchist (472 points, 127 comments)
  27. tophernator (462 points, 78 comments)
  28. livecatbounce (456 points, 61 comments)
  29. kenman345 (453 points, 49 comments)
  30. cryptonaut420 (403 points, 50 comments)

Top Submissions

  1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! by btcnewsupdates (586 points, 117 comments)
  2. I think we need an EDA fix before the Nov hardfork by jessquit (540 points, 352 comments)
  3. "Am I so out of touch?" by BeijingBitcoins (441 points, 163 comments)
  4. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. by singularity87 (435 points, 279 comments)
  5. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen by Testwest78 (419 points, 231 comments)
  6. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" by routefire (394 points, 133 comments)
  7. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. by squarepush3r (385 points, 201 comments)
  8. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. by hunk_quark (381 points, 182 comments)
  9. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. by Annapurna317 (364 points, 292 comments)
  10. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. by BitcoinXio (325 points, 99 comments)

Top Comments

  1. 194 points: cryptorebel's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  2. 167 points: EH74JP's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  3. 158 points: BobWalsch's comment in I think we need an EDA fix before the Nov hardfork
  4. 157 points: BitcoinXio's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  5. 149 points: MemoryDealers's comment in All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x.
  6. 116 points: Testwest78's comment in Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen
  7. 115 points: 2dsxc's comment in I think we need an EDA fix before the Nov hardfork
  8. 106 points: Piper67's comment in jgarzik please do not add replay protection
  9. 106 points: singularity87's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  10. 99 points: zowki's comment in Bitcoin.com Pool stabilized the Bitcoin Cash blockchain (prevented excessive EDAs)
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

[Informational] [CC0] Lightening Blockchain Load

Lightning Network

The Lightning Network is a concept proposed by developers Thaddeus Dryja and Joseph Poon to create a network of trust-less payment channels on top of the Bitcoin Blockchain. The goal of this network is to allow for instantaneously secure Bitcoin payments of any amount, no matter how small.

Motivation

The Scalability Problem

From the earliest days of Bitcoin, critics took issue with its scalability characteristics. The very first response to Satoshi Nakamoto's described design was a total rejection of the system as being unable to deal with the enormous capacity demands of the world's economy. This message was the first, but far from the last time the scalability of Bitcoin would be called into question.
The reason for this skepticism is that in computer science, there are well understood system designs and algorithm designs, with vastly different costs. For example when a design calls for searching through a group of words, an adjustment to make the words alphabetically ordered can produce a potentially billion times faster solution. Simply by using a strategy of checking in exponentially reducing half sections, the search is executed at an exponentially reduced cost. The Blockchain is an example of a system in which growth of use does not just grow cost linearly, but instead at an exponentially increasing rate.
The reason for this inefficiency is that when the Blockchain adds a new member who needs to send payments, the new member incurs a cost on all the other members who have a need to fully validate payments. All fully validating members of the Blockchain must sync and validate everything all other members produce. From the perspective of the total system, this means that the total system cost is increasing as a power of two, the polar opposite outcome of what a more ideally scalable and efficient algorithm would yield.

Scalability Solutions

Satoshi Nakamoto realized this deficiency in his original proposal, and came up with a proposed solution. His idea was to reduce the operative mode of validation to be scoped to a user, for users who had less need to validate. Since additional members only incurred costs on validating members, skipping validation from some clients would mean that the impact of adding members was more limited, to be borne only by those who wished to dependably receive payments, such as merchants.
This method he named Simplified Payments Verification or SPV, and his original outlined plan would present a less secure but still acceptable model for normal consumers because there would be an alerting mechanism for rule breaches that would signify the system was compromised, proactively preventing attacks on consensus rules.
Although long promised, the demands of Bitcoin Core's development meant that Satoshi was never able to deliver on his promised SPV-mode client. Over time others took his ideas and appropriated the SPV name in making their own similar, but not quite equal solutions. Due to wide differences of opinion in the correct methods and workability of SPV mode, a reference project was never created and the alerting system was never crafted. Nevertheless as a working solution many people adopted lower security but more user friendly and less operationally costly wallets, in many varied configurations.
Eventually the efficiencies of SPV came to be seen as only a temporary optimization of the Blockchain design. Instead of solving the exponential cost of the Blockchain system, SPV clients could only slow the cost increases. The lack of an alerting system and other faults of SPV meant that anyone receiving payments could not rely on it, muting the model's positive impact on the total system scalability cost. SPV's dependency on miner validation made miner centralization concerns more pronounced.
The validation cost burden on merchants and on the overall system began to have secondary negative effects, such as contributing directly to mining centralization by giving outsize advantages to miners with economies of scale. The high cost of a full node contributed to merchant validation centralization by creating an increasingly high cost to validate payments. Many efforts were made to optimize against these increasing costs, but the fundamental design of the Blockchain meant that an increasing tide of transactions would one day overwhelm any possible optimization that did not address the basic peer broadcasting design.

The End of SPV

Another marked failing of SPV clients proved to be that they could never successfully be secured against financial privacy leakage. This represented a threat to users' personal privacy and even to the overall utility of the currency where all equal denomination coins, no matter their origin, should have close to an equal value.
SPV clients were also seen as unsustainable in a decentralized configuration: since they cannot sync with each other they must make increasing demands on the limited and increasingly costly altruism of the node operators.
SPV could also not provide a solution to another much lamented Blockchain problem: the limitations preventing micro-payments. Early on in Bitcoin's life, to fight floods of small transactions that were called penny-flooding, Satoshi had instituted barriers against very small payments: payments smaller than a tenth of a bitcoin were blocked.
Satoshi also created a prioritization system to improve the Blockchain's reliability for high value payments, a marketplace for transactions in every block, with space being prioritized to the highest value transactions as indicated by fees. This further pushed out very small payments, Satoshi often had to regretfully inform people that micro-payments were not feasible.
In the early years of Bitcoin, Satoshi Nakamoto and the other developers faced many and varied pressing immediate practical operational concerns and development realities of simply keeping the Blockchain reliable, durable and secure. Early plans for scalability and support for broad use-cases gave way to what was seen as the most important use-case: high value transactions with a high level of security and durability against network attack.
Over time the system's long-term scalability, various lower priority use cases, and difficult to implement features like instant settlement were all pushed to be developed outside of the Blockchain on a different layer, called Layer 2. Layer 2 systems would still empower transactions denominated in Bitcoin units and be ultimately settled against the Blockchain, but also be able to avoid offering the same guarantees and functionality as the Blockchain, in order to serve a broader range of use cases.
The Lightning Network is an example of a Layer 2 service: a network service that seeks to provide instant settlement, tiny micro-payments, improved privacy, in a system that is fundamentally built on the Blockchain but also logically separated.

Achieving Lightning

Lightning's solutions are based on a common and long running proposal for how to use the Blockchain to provide for instantly secure and arbitrarily small transactions: payment channels. Payment channels have existed for many years, in both well established theory and as real libraries and projects.
Payment channels are a method of using smart contracts to rapidly trade Bitcoin between two parties, without requiring the Blockchain for more than occasional settlement. The parties create a shared starting balance on the Blockchain and then using signed but un-broadcast transactions rapidly, cheaply, and privately update the balance between them.
Because the funds are locked in a multiple signature smart contract, cooperation with the channel partner is required to spend the funds, however a payment channel smart contract also specifies a timeout that acts an escape if there is a failure of cooperation. There are multiple ways to form these channels, but they all offer the same advantages: instant transactions, arbitrarily small denomination payments, low fees, and transaction privacy, although only between two joined together parties.
The key innovation in Lightning is to take these joined pairs and link them together in a network: pairs passing along funds to each other in a chain until they reach their destinations. This combines the Blockchain's benefit of sending to arbitrary users with all payment channel benefits like instantly secure transactions.

Opening Payment Channels

To open channels in Lightning, a Bitcoin transaction smart contract is published with rules for how deposited funds may be spent. The rules of the transaction essentially specify that funds deposited cannot be spent unless both parties agree, with the exception that one party can unilaterally refund his deposited funds to himself if he is willing to wait for a time delay before re-spending them.
The transaction establishing these rules is called a commitment transaction and a transaction that adds funds into this channel is called a funding transaction. For efficiency, when initiating the channel for the first time both transactions may be folded together into a single Blockchain transaction.
There are two proposed methods for accomplishing Lightning's channel timeout requirement. The first mechanism uses a feature called CLTV that first added to Bitcoin in the soft forking Bitcoin Core version 0.11.2, released in November of 2015. This feature allowed for time-locking funds against a certain date, meaning that channel partners could create fixed future time timeouts for their channels. Using this feature would mean that channels be routinely re-created to bump the timeout window forward.
Another method was also proposed, using a time-locking feature called CSV that was first added to Bitcoin in the soft forking Bitcoin Core version 0.12.1, released in April of 2016. CSV allowed for specifying relative time locking contracts, meaning that channel partners could instead choose their timeout relative to when they executed their channel escape clause, allowing for channels that could remain open indefinitely. Because of this improvement, CSV timeouts were selected as the standard for Lightning payment channels.

Instant Settlement

Lightning payment channels work pretty much like normal payment channels, they pass signed transactions between two parties to update their balance. There is however one unique aspect that allows for routing: a third party involved in a Lightning balance update transaction called an R value. This R value, which is simply a lumping together of information about the movement of funds, allows a transaction between parties to be routable. R values represent hash-able information that can be used as Blockchain presentable proof that funds have been moved across the Lightning Network.
To understand how the R value allows moving money through the interaction of third party Lightning Network actors, it's important to understand that when spending funds on the Blockchain it is not actually the people who authorize funds. Instead it is only their private keys' signatures that authorize spending, all Blockchain funds are actually locked in contracts that have various rules about how they may be unlocked, the most common being that a singular private key may be used to unlock them.
Because Blockchain contracts simply deal in signatures and are scriptable, it is possible to create a type of transaction that is keyed against a signatory who actually knows nothing about the transaction and simply testifies to a system state in a signed way. For example, a server that produced cryptographically signed statements about the weather could be used in a transaction between two parties to be the arbiter of the execution of a weather based funds transfer, without any direct involvement of the server in the transaction itself.
This type of transaction is rare, and it was banned as part of a blanket banning effort by Gavin Andresen and Jeff Garzik who objected to general purpose smart contracts on the Blockchain and promoted the idea of a white listing system called standard transactions. In February of 2014, the release of Bitcoin version 0.10.0 mostly lifted this restriction, allowing more novel transaction types. Included in the allowed transaction types were those keyed off of an arbitrary non participatory signature, called hash locked transactions.
In February of 2016, Sean Bowe and Pieter Wuille published a work in progress version of a special transaction type that could include a time locked transaction with a hash unlock code. This specific type of transaction, called a Hash Time Locked Contract or HTLC, enables the state changes within Lightning Network channels.
Lightning Network clients negotiate with the network to send out a transaction to be routed across the network, yielding an updated set of finalized settlement data which represents the settlement update hash lock solution, the R value. This R value is only represented to the Blockchain as an opaque signature, and it could signify any successful routing, including passing of value from the Bitcoin Blockchain to another Blockchain, like the Bitcoin Testnet.
This type of settlement transaction is very powerful, it can be used to create a wide variety of transactions, like multi-signature transactions within the Lightning Network, or even probabilistic settlements within the Lightning Network. A novel payment type called Pre-Image Length Probabilistic Payment, or PILPP has been proposed as a way to send payments on the Lightning Network that are actually provably probabilistic, meaning it is possible to send someone a one bitcoin with a fifty percent chance of arrival. Using this payment type, it is theorized that services could even charge sub-Satoshi fees for their services by asking customers for probabilistic payments of a single Satoshi.

Settlement Security

The Lightning Network offers a particularly private solution to executing a transaction, called onion routing, in a method similar to the online privacy system Tor, also known as The Onion Router. The way that Lightning Network transactions are executed, each client considers the destination for funds and then decides on a linked series of pairs to execute the transfer. The client then wraps the pair series information in an encrypted format so that each pair jump is only given information on a need-to-know basis. The intermediary relays are not given information about any of the other pairs, including the final destination of the transfer they are assisting.
To avoid a situation where pairs fail to execute their fund passing duty, routed payments are given a TTL, or a time to live, meaning that the payments are no longer valid after a certain point. This allows automatic retrying of payments that fail to route successfully due to a third party fund transfer failure. Transactions can also use fees to incentivize pairs to successfully pass funds in a timely manner; pairs that fail to route may bear an opportunity cost.

In Breach of Contract

From the Blockchain's perspective, Lightning Network funds are just funds deposited in a two of two signature multi-signature wallet. As the balance of funds changes within a channel, the settlement is actually done through a transaction that may be broadcast at any time to the Blockchain to settle funds back to each party.
With potentially thousands of balance state change transactions, the balance within the channel is intended to go up and down over time. This presents a major problem for payment channels: what happens if the other party broadcasts an obsolete state of the balance of payment to the network that ignores a recent payment, and therefore steals funds?
This situation in which there is a breach of the basic channel contract where an out of date state is broadcast can only be solved by correcting the Blockchain record in response, meaning the stored funds must be monitored for breaches. In the Lightning Network the solution to this issue is to preemptively prepare a special type of transaction called a breach remedy transaction that prevents the invalid old state from being used to steal funds.
A breach remedy transaction goes beyond reclaiming the injured party's funds. To discourage theft, the transaction also takes the entirety of the offending party's funds as a penalty. For this reason it is recommended that a channel never be allowed to empty, that some funds to take in penalty always remain, to avoid a situation called an exhausted channel.
Breach remedy transactions are formed as a part of every update to the balance of payments in a Lightning Network channel, in a flow called the Revocable Sequence Maturity Contract or RSMC. The RSMC flow is done without requiring trust in the other party, generating and exchanging the guarantees against betrayal before completing the funds state update.
Breach remedy transactions are fully formed, fully signed, and they may even be safely published to third parties with rewards for the first publisher attached, to incentivize many eyes watching for and preventing a breach of contract.

Closing Time

Sometimes channel participants may wish to close their channels, for regular channel rebalancing or just to make a Blockchain payment. Lightning Network transactions that settle back to the Blockchain are called exercise settlement transactions, and they are simply standard co-signed transactions. Funds are sent as in any standard multi-signature transaction and the channel is considered closed. This happens instantly, as long as the channel partner is cooperative.
In the event that a channel partner is unavailable to close the channel, another option is possible, which is to exercise the CSV clause specified in the channel opening contract. This clause says that any party may unilaterally close the channel and reclaim their funds, provided that they wait for a timeout period to spend their funds again freely.
This timeout period is called a dispute period, because it gives the channel partner a chance to dispute the channel close in the case of a breach of contract, when the channel is closed with an out of date balance of payments.

Potential Issues

There are a number of challenges inherent in the Lightning Network concept. In the most marked change from the Blockchain, Lightning flips the configuration of the network from a single shared Blockchain ledger to a wide array of individualized Lightning client ledgers. Users holding Lightning Network funds are holding funds that are just as good as Bitcoin, but the funds are actually signed claims on funds.
In the Blockchain a global ledger state is synced between everyone and a user must only save their private keys to retain control of their funds. In Lightning, securely holding both the key data and individualized ledger data is the responsibility of the client. One solution to this issue is to use the saved keys to securely encrypt the state data and then save the encrypted data to a networked backup.
Another departure from the Bitcoin network model that requires careful consideration is that Lightning transactions do not need to be broadcast to every member by relaying others transactions. Given a more limited number of transactions that are sent, this reveals more information as to the identity of the sender. To solve this, Tor channels could be used to obscure IP information from channel partners, but a more comprehensive and as yet undefined solution may be needed to help obscure other correlation efforts.
Funds in Lightning also work differently from Bitcoin funds. The Lightning channels lock the funds to an agreement with a Lightning relay, in which a set of cooperative rules are agreed upon to enable the Lightning protocol. But in the case of a cooperation failure, which can simply mean the connected Lightning relay suffering downtime, user funds will be locked from use for up to the preset lock time, which could be up to a week. To deal with this, it's suggested that the risk of locking be spread over multiple channels, or that a user be encouraged to limit their use of Lightning to smaller amounts of spending money. Spending down entire channels is also not an efficient use of Lightning, so that reinforces the idea of users separating their funds into spending money in Lightning channels and savings in traditional Bitcoin wallets.
Another tricky issue with Lightning funds is that a channel partner may try to steal funds from the channel. Wallets must either be semi-regularly online to prevent that, or third parties must be available who can be relied upon to prevent theft. Theoretically, miners could also execute a theft directly, by gaining majority control of the network for the dispute period and blocking any breach remedy transactions from occurring, although some of the standard guards against miners taking that action would still apply, such as their general block reward incentives. This means that Lightning benefits from a decentralized set of miners and a set of users who are able to access the Blockchain cheaply to respond to breaches of channel contracts.
There are actually two configuration types of Lightning, similar to how there are two common types of Bitcoin clients: light Lightning clients who only spend money occasionally, and full Lightning nodes who act as relays and comprise the body of the Lightning network. There is a benefit associated with running a Lightning relay: as transactions are passed through a relay, they carry a reward of small market-based fees. But there is also a potential cost with running a Lightning relay, these relays are software that must have the agency to move funds between their channels. Relays need to have some automated access to user funds, to complete the signatures needed for channel transaction routing. It is recommended that relay operators be sure to secure their systems from unauthorized access to protect the capital required to operate a relaying node. Lighter Lightning clients do not share this issue, by only connecting occasionally they may secure their funds in colder storage and through multi-signature setups, as is the standard for secure Bitcoin storage.

Links

submitted by pb1x to writingforbitcoin [link] [comments]

Top 10 Bitcoin Facts That Will Shock You! CIA, Satoshi, Hacks & More!! Bitcoin Panel @ Keenevention 2015 with Gavin Andresen Time Magazine Bitcoin -- Worst Investment of 2014 -- Gavin Andresen in SF Tonight! Coinbase Speaker Series: Gavin Andresen of Bitcoin Foundation The Bitcoin Show - Episode 047

Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with EconTalk host Russ Roberts about BitCoin, an innovative attempt to create a decentralized electronic currency. Andresen explains the origins of BitCoin, how new currency gets created, how you can acquire BitCoins and the prospects for BitCoin’s future. Can it compete with government-sanctioned money? I'm Gavin Andresen, Bitcoin geek. Ask me anything! Forum rules The more people that are involved, the more interesting this AMA series will be for everyone. Please help spread the word of this amazing AMA series on your own social media. (YES, EVEN YOURS!) Short URL: AMA.Bitcoin.com Hashtag: #BTCAMA When the AMAs are finished, all the answers will be compiled into a free E-book! 138 posts 1; 2 ... Gavin Andresen. Gavin Andresen ist ein Softwareentwickler, der vor allem für seine frühe Beteiligung am „Bitcoin Projekt“ bekannt ist. Er half bei der Gründung der Bitcoin Foundation und war immer auch ein großer Unterstützer der größten Kryptowährung. Obwohl er nicht mehr als Bitcoin Core Developer arbeitet, bleibt er weiterhin eine sehr einflussreiche Person in der digitalen ... Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. . Most client software, derived or "from ... Gavin Andresen Bitcoin Foundation - Bitcoin Main Influences Gavin Andresen Bitcoin Foundation Bitcoin Block Hash Bitcoin Stock Price Ipo

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Top 10 Bitcoin Facts That Will Shock You! CIA, Satoshi, Hacks & More!!

Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with EconTalk host Russ Roberts about BitCoin, an innovative attempt to create a decentralized electronic currency. Bitcoinkurs für Anfänger: https://goo.gl/x51gy4 #EB94 #– #Gavin #Andresen #- #On #The #Blocksize #And #Bitcoins #Governance Coinbase Tech Talk Gavin Andresen, Chief Scientist at the Bitcoin Foundation and member of the MIT Media Lab's Digital Currency Initiative Visit Coinbase: ht... Panel Discussion with: Bruce Wagner, Gavin Andresen the Lead Technical Developer for the Bitcoin project, Stefan Thomas of Weusecoins.com and BitcoinJS, and Yifu Guo of BitcoinNavigator.com ... He then handed over control of the source code repository and network alert key to Gavin Andresen,[20] transferred several related domains to various prominent members of the bitcoin community ...

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