- How/why we switched
- The cancellation of segwit2x
- Divergence/split of bitcoin community
- Problems with LN:
--- Opening a channel cannot happen instantly
--- Closing a channel cannot happen instantly
--- User must be online to receive a payment
--- Security: Cannot do cold storage lightning network
--- Use must continuously be online to monitor for old commitment transactions
--- Payment channels can be in weird states: Micropayment cannot be first payment across a channel due to fees/dust
--- Payments can fail
--- Wallet requires much more state than normal bitcoin wallet - 10x as much code leads to more bugs
--- Must use weird modern web technologies
- "Why we chose Bitcoin Cash over Litecoin": https://www.yours.org/content/why-we-chose-bitcoin-cash-over-litecoin-2cb321dec039/
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https://www.youtube.com/watch?v=Ew2MWVtNAt0
Aphorism: Bitcoin is private, not anonymous.
Explanation: Bitcoin is private because your identity is firewalled from the blockchain. Your identity exists, but you don’t tell everyone what your identity is. You only tell the people you are transacting with. And even then, you only tell them if you want or need to. Bitcoin is not anonymous, because anonymous means your identity is not known or cannot be proved by anyone. Everyone needs privacy. No one needs anonymity. Bitcoin is private, not anonymous.
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https://www.youtube.com/watch?v=jLrwfl6b7P4
Money Button is the best Bitcoin wallet in the world!
https://www.moneybutton.com
I got permission from Craig to share this:
https://bico.media/49ae3b690370607bc37457e9226630de3600206d6865259ff37c05e6a4ba3bb6.png
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https://www.youtube.com/watch?v=ZbzCE8wUnoA
* Hard Fork ETA -1 Days. Aug 2.
* Bitcoin Cash Survival Challenge - 1/14. Can Bitcoin Cash survive until Aug 15?
* Music playlists: https://www.youtube.com/channel/UCM79h4ZvA23l3n0uWwROA4g
* Music: https://www.youtube.com/watch?v=80AQnasBfIU
* CoinMarketCap: Bitcoin at $44 billion, Bitcoin Cash at $10 billion.
* Bitcoin Cash Block Explorer: http://blockdozer.com/insight/
* 12 new blocks including forking block. No new block in 12 hours.
* 1.9 MB block http://blockdozer.com/insight/block/000000000000000000651ef99cb9fcbe0dadde1d424bd9f15ff20136191a5eec
* Clemens tweets about mempool size of BCC vs. BTC https://twitter.com/clemensley/status/892486484971855872
* Gavin Andresen will refer to Bitcoin Cash as “bitcoin” if it has the most hash power, i.e. is the longest chain: https://twitter.com/gavinandresen/status/892717872442683392
* Gavin’s blog post: http://gavinandresen.ninja/a-definition-of-bitcoin
* What will it take for Yours to adopt Bitcoin Cash?
* Kraken: Trading Bitcoin Cash now live https://twitter.com/krakenfx/status/892378360583606274
* ViaBTC pool https://pool.viabtc.com/
* Erik Voorhees: Bitmain is probably still mining segwit2x as planned https://twitter.com/ErikVoorhees/status/892424109958676480
* User guide for claiming your BCC and selling it. https://bitcoinmagazine.com/articles/beginners-guide-claiming-your-bitcoin-cash-and-selling-it/
* BitConnect puts out a press release to clarify they own the “BCC” ticker symbol https://bitconnectcoin.co/press-release/90/Cryptocurrency-Symbol-BCC-Belongs-to-BitConnect-Coin-not-Bitcoin-Cash
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https://www.youtube.com/watch?v=izXagN6v7dw
Aphorism: Bitcoin is peer-to-peer electronic cash.
Explanation: “Peer” means a person. If Alice wants to pay Bob, Alice creates a Bitcoin transaction and hands the transaction to Bob. Bitcoin is electronic cash. It is analogous to physical cash. Just like Alice would hand a dollar bill to Bob, or any other fiat currency note, Alice can hand a Bitcoin to Bob. Because Bitcoin is electronic, it works on computers, making it possible to send cash over the internet. You can’t do that with physical cash. Bitcoin is an important innovation that makes peer-to-peer electronic cash possible for the first time.
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https://www.youtube.com/watch?v=N_95V792v-s