r/Bitcoin - ELI5: What will happen if there is a - reddit

Bitcoin mentioned around Reddit: ELI5: what is currently happening in the Bitcoin ecosystem? E.g. unlimited, XT, segwit, hard/soft fork etc. /r/explainlikeimfive

Bitcoin mentioned around Reddit: ELI5: what is currently happening in the Bitcoin ecosystem? E.g. unlimited, XT, segwit, hard/soft fork etc. /explainlikeimfive submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin's market *price* is trying to rally, but it is currently constrained by Core/Blockstream's artificial *blocksize* limit. Chinese miners can only win big by following the market - not by following Core/Blockstream. The market will always win - either with or without the Chinese miners.

TL;DR:
Chinese miners should think very, very carefully:
The market will always win - with or without you.
The choice is yours.
UPDATE:
The present post also inspired nullc Greg Maxwell (CTO of Blockstream) to later send me two private messages.
I posted my response to him, here:
https://np.reddit.com/btc/comments/4ir6xh/greg_maxwell_unullc_cto_of_blockstream_has_sent/
Details
If Chinese miners continue using artificially constrained code controlled by Core/Blockstream, then Bitcoin price / adoption / volume will also be artificially constrained, and billions (eventually trillions) of dollars will naturally flow into some other coin which is not artificially constrained.
The market always wins.
The market will inevitably determine the blocksize and the price.
Core/Blockstream is temporarily succeeding in suppressing the blocksize (and the price), and Chinese miners are temporarily cooperating - for short-term, relatively small profits.
But eventually, inevitably, billions (and later trillions) of dollars will naturally flow into the unconstrained, free-market coin.
That winning, free-market coin can be Bitcoin - but only if Chinese miners remove the artificial 1 MB limit and install Bitcoin Classic and/or Bitcoin Unlimited.
Previous posts:
There is not much new to say here - we've been making the same points for months.
Below is a summary of the main arguments and earlier posts:
Previous posts providing more details on these economic arguments are provided below:
This graph shows Bitcoin price and volume (ie, blocksize of transactions on the blockchain) rising hand-in-hand in 2011-2014. In 2015, Core/Blockstream tried to artificially freeze the blocksize - and artificially froze the price. Bitcoin Classic will allow volume - and price - to freely rise again.
https://np.reddit.com/btc/comments/44xrw4/this_graph_shows_bitcoin_price_and_volume_ie/
Bitcoin has its own E = mc2 law: Market capitalization is proportional to the square of the number of transactions. But, since the number of transactions is proportional to the (actual) blocksize, then Blockstream's artificial blocksize limit is creating an artificial market capitalization limit!
https://np.reddit.com/btc/comments/4dfb3bitcoin_has_its_own_e_mc2_law_market/
(By the way, before some sophomoric idiot comes in here and says "causation isn't corrrelation": Please note that nobody used the word "causation" here. But there does appear to be a rough correlation between Bitcoin volume and price, as would be expected.)
The Nine Miners of China: "Core is a red herring. Miners have alternative code they can run today that will solve the problem. Choosing not to run it is their fault, and could leave them with warehouses full of expensive heating units and income paid in worthless coins." – tsontar
https://np.reddit.com/btc/comments/3xhejm/the_nine_miners_of_china_core_is_a_red_herring/
Just click on these historical blocksize graphs - all trending dangerously close to the 1 MB (1000KB) artificial limit. And then ask yourself: Would you hire a CTO / team whose Capacity Planning Roadmap from December 2015 officially stated: "The current capacity situation is no emergency" ?
https://np.reddit.com/btc/comments/3ynswc/just_click_on_these_historical_blocksize_graphs/
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
https://np.reddit.com/btc/comments/47zfzt/blockstream_is_now_controlled_by_the_bilderberg/
Austin Hill [head of Blockstream] in meltdown mode, desperately sending out conflicting tweets: "Without Blockstream & devs, who will code?" -vs- "More than 80% contributors of bitcoin core are volunteers & not affiliated with us."
https://np.reddit.com/btc/comments/48din1/austin_hill_in_meltdown_mode_desperately_sending/
Be patient about Classic. It's already a "success" - in the sense that it has been tested, released, and deployed, with 1/6 nodes already accepting 2MB+ blocks. Now it can quietly wait in the wings, ready to be called into action on a moment's notice. And it probably will be - in 2016 (or 2017).
https://np.reddit.com/btc/comments/44y8ut/be_patient_about_classic_its_already_a_success_in/
Classic will definitely hard-fork to 2MB, as needed, at any time before January 2018, 28 days after 75% of the hashpower deploys it. Plus it's already released. Core will maybe hard-fork to 2MB in July 2017, if code gets released & deployed. Which one is safer / more responsive / more guaranteed?
https://np.reddit.com/btc/comments/46ywkk/classic_will_definitely_hardfork_to_2mb_as_needed/
"Bitcoin Unlimited ... makes it more convenient for miners and nodes to adjust the blocksize cap settings through a GUI menu, so users don't have to mod the Core code themselves (like some do now). There would be no reliance on Core (or XT) to determine 'from on high' what the options are." - ZB
https://np.reddit.com/btc/comments/3zki3h/bitcoin_unlimited_makes_it_more_convenient_fo
BitPay's Adaptive Block Size Limit is my favorite proposal. It's easy to explain, makes it easy for the miners to see that they have ultimate control over the size (as they always have), and takes control away from the developers. – Gavin Andresen
https://np.reddit.com/btc/comments/40kmny/bitpays_adaptive_block_size_limit_is_my_favorite/
More info on Adaptive Blocksize:
https://np.reddit.com/bitcoin+btc/search?q=adaptive&restrict_sr=on&sort=relevance&t=all
Core/Blockstream is not Bitcoin. In many ways, Core/Blockstream is actually similar to MtGox. Trusted & centralized... until they were totally exposed as incompetent & corrupt - and Bitcoin routed around the damage which they had caused.
https://np.reddit.com/btc/comments/47735j/coreblockstream_is_not_bitcoin_in_many_ways/
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."
https://np.reddit.com/btc/comments/3wo9pb/satoshi_nakamoto_october_04_2010_074840_pm_it_can/
Theymos: "Chain-forks [='hardforks'] are not inherently bad. If the network disagrees about a policy, a split is good. The better policy will win" ... "I disagree with the idea that changing the max block size is a violation of the 'Bitcoin currency guarantees'. Satoshi said it could be increased."
https://np.reddit.com/btc/comments/45zh9d/theymos_chainforks_hardforks_are_not_inherently/
"They [Core/Blockstream] fear a hard fork will remove them from their dominant position." ... "Hard forks are 'dangerous' because they put the market in charge, and the market might vote against '[the] experts' [at Core/Blockstream]" - ForkiusMaximus
https://np.reddit.com/btc/comments/43h4cq/they_coreblockstream_fear_a_hard_fork_will_remove/
Mike Hearn implemented a test version of thin blocks to make Bitcoin scale better. It appears that about three weeks later, Blockstream employees needlessly commit a change that breaks this feature
https://np.reddit.com/btc/comments/43iup7/mike_hearn_implemented_a_test_version_of_thin/
This ELI5 video (22 min.) shows XTreme Thinblocks saves 90% block propagation bandwidth, maintains decentralization (unlike the Fast Relay Network), avoids dropping transactions from the mempool, and can work with Weak Blocks. Classic, BU and XT nodes will support XTreme Thinblocks - Core will not.
https://np.reddit.com/btc/comments/4cvwru/this_eli5_video_22_min_shows_xtreme_thinblocks/
More info in Xtreme Thinblocks:
https://np.reddit.com/bitcoin+btc/search?q=xtreme+thinblocks&restrict_sr=on&sort=relevance&t=all
4 weird facts about Adam Back: (1) He never contributed any code to Bitcoin. (2) His Twitter profile contains 2 lies. (3) He wasn't an early adopter, because he never thought Bitcoin would work. (4) He can't figure out how to make Lightning Network decentralized. So... why do people listen to him??
https://np.reddit.com/btc/comments/47fr3p/4_weird_facts_about_adam_back_1_he_neve
I think that it will be easier to increase the volume of transactions 10x than it will be to increase the cost per transaction 10x. - jtoomim (miner, coder, founder of Classic)
https://np.reddit.com/btc/comments/48gcyj/i_think_that_it_will_be_easier_to_increase_the/
Spin-offs: bootstrap an altcoin with a btc-blockchain-based initial distribution
https://bitcointalk.org/index.php?topic=563972.480
More info on "spinoffs":
https://duckduckgo.com/?q=site%3Abitco.in%2Fforum+spinoff
submitted by ydtm to btc [link] [comments]

A few of the posts deleted on /r/bitcoin yesterday

Edit added link from drapetomano
submitted by arichnad to bitcoin_uncensored [link] [comments]

What the block war looks like to a normal bitcoiner.

I'm a lurker that's been following the block size debate for some time. I don't understand the fuss around transaction malleability, I don't understand how the Lightning Network is supposed to work or how it will scale, and I only have a vague, ELI5-type sense of the competing visions behind small and big block Bitcoin. Even the simplest technical details beyond the decentralization of nodes vs. of developers go over my head. I'm not stupid, however, and I am able to compare the things being said about the two (three?) products currently being offered to me. And I've noticed some intrinsic imbalances.
I remain agnostic about the best way to scale the Bitcoin network, because I am assessing products whose detailed inner workings I don't really understand. This said, it seems probable to me that Bitcoin Cash and Segwit2x are inferior to Bitcoin Core and will fail in their current forms. It's still quite possible in my mind that Bitcoin Core's scaling roadmap is suboptimal, is unduly beholden to certain interests, or departs from the original vision of Bitcoin, and that big blocks are in some contentious and nebulous sense Bitcoin's 'best hope for success'. However, even if I were convinced of this possibility and fundamentally ideologically opposed to the small blocker vision - in fact, especially if so - I think I'd support Bitcoin Core over its competing implementations at present. That's how weak I think Bitcoin Cash and Segwit2x are: that they might actually be actively harmful for Big Blockerism.
Here's a suitable analogy. I'm a huge believer in alternative energy, and adamantly opposed to fossil fuel interests and the climate change deniers on their payroll (they really all are if you look into it). Now suppose in the morning I wake up to an alternate-universe Earth 20 years ago. Researchers at company XYZ have announced a massive breakthrough in nuclear technology involving synthetic manufacture of a little-known isotope of iridium with ideal fuel cycles, safely disposed of, and huge energy yields. Its byproducts are way less toxic than plutonium waste and also much more abundant in nature. Price parity seems possible within a decade, plutonium mining companies are going bankrupt, etc. Now I'm not a chemist, but one day my chemist friend who knows one of the researchers informs me of a critical oversight: the manufacturing process releases a side compound which when combined with saltwater emits a gas that over time reacts toxically with trace gases in our atmosphere. Large acid rainstorms have started developing over coastlines adjacent to the production sites; several workers are already horribly ill, but the story hasn't reached the public. Clearly this new technology will be outlawed by every nation on earth. Well, I'd want the 'breakthrough' to fail as quickly and quietly as possible. This one piece of news would cause me to cease supporting these researchers in every way. Doing so would be in the interests of nuclear energy, while continuing to promote it, watching it crater and create a huge backlash against nuclear amongst the non-technical public and policy-makers - THAT would heavily be in the interests of the fossil fuel industry, ironically enough.
Without the ability to comprehend a single line of source code, I feel that's in fact the situation that we're in. This feeling is underscored by the sheer number of aborted attempts (by many of the same people, no less): Bitcoin ABC, Bitcoin Unlimited, Bitcoin XT, I can't even remember all the others. Of course, naming similarities alone aren't grounds for opposing a proposal. Here are some that perhaps are.
  1. Technical incompetence. This is by far my biggest problem with Bitcoin Cash and Segwit2x. NOTE AGAIN THAT THIS IS NOT A PROBLEM WITH BIG BLOCKS, BUT WITH BITCOIN CASH AND SEGWIT2X SPECIFICALLY. In Bitcoin Cash, we have the EDA issues. No altcoin I have ever heard of (or at least that I'd think of investing in) has had such instabilities with block times or hashrate. More concerningly, it seems that the idea was hastily slapped together at the last second and that the way it ultimately worked out was basically by accident. If I'm buying in to some Core conspiracy, please cite the evidence that this is a well thought-out plan by the BCH developers, or some intrinsic feature to big block or non-Segwit Bitcoin. With Segwit2x, things are even worse: Jeff Garzik added replay protection, then after Core coders pointed out a security bug, he removed it, and now there is none - and this was a couple weeks ago. (Though I have noticed some in this subreddit retconning this as a feature.) Both of these instances point to development teams that think they know what they are doing, but actually don't. In my opinion, there's basically nothing that spells worse for a fintech product. Personally, I don't know whether Segwit transactions are part of blocks or not, or if Segwit Coin doesn't follow the whitepaper ideology as closely as Bitcoin. I honestly don't know and don't have time to know. What I do know is that based on their very own words and actions I don't want these new development teams leading Bitcoin. What I also see is that this opinion is massively reinforced by the size and experience of said development teams compared to that of Core - only one quarter of which works for Blockstream, I read. Again, if any of these facts are based on some propaganda that's demonstrably false, well, freaking demonstrate it already. Show the puppet strings reaching from Blockstream's puppetmasters to the other 3/4 of Core. Show similar retractions of critical features one month before release deadline that the Core team has made in the past. Show other coins that started off with such a flimsy hashpower distribution before becoming more robust. Show some planning, any type of planning whatsoever, for either coin that suggests the level of sophistication of Core's roadmap, so we can rightly debunk these business takeover theories as part of the Core fake news echo chamber that says 'these developers have no plan except to do whatever Bad Actors A, B, and C want them to do'.
  2. Network effect. No matter how loudly Roger Ver shouts, the economy is not calling Bitcoin Cash Bitcoin. Nor is it calling Segwit2x Bitcoin; across three different platforms it's calling it an altcoin valued at between 0.12 and 0.15 Bitcoins. I'm not claiming that they SHOULDN'T be Bitcoin, I'm claiming that they AREN'T. Certain actors concentrated mostly in the USA are supporting 'the majority hashrate', but these actors do not represent the majority of exchange volume. Not even close. Bitfinex is sticking with Core, Kraken is sticking with Core, Bithumb is silent, presumably sticking with Core - OTCers, there's a lot of them, but my guess is the vast majority if not all of them are sticking with Core. Why wouldn't they? They are not interested in buying coffee, they are interested in making sure their million dollar trades are legitimate and can't possibly be replayed or unplayed by a conspiracy of nodes, miners or developers. This is the real, transaction value-weighted economy. It's tempting to characterize the 'economy' as a bunch of people like oneself, but it's not. In the libertarian wonderworld that we all want Bitcoin to serve, bigger transactors get more votes - sometimes because they in fact represent more transactors. And so, this being the case, even if the position of these big transactors is ideologically shortsighted - even if every single non-NYA business has a vested interest in NYA that they're too Core-blinded to see - the specific projects Bitcoin Cash and Segwit2x are STILL inferior as they are more likely to be compromised with their weaker networks. As another analogy, Betamax had better picture quality, but VHS was better able to cater to the needs of users at the time - until far superior technologies came along to replace them both. And Bitcoin's value depends much more heavily on people agreeing it has value than did that of VHS or Betamax stock. Which leads us to:
  3. Marketing incompetence. The spokespeople of today's big block camp: Jihan Wu with his Twitter tantrums, John McAfee with his penis bets, and Roger Ver yelling that Bitcoin Cash is the real Bitcoin, a claim that grants the entire movement a sheen of reality denialism no matter how morally justified it may be. These are people who start cults or star in memes, not businessmen with the temperament to guide a supposedly more user-facing product into everyone's dreamed-of mass adoption. Stop all this redditing for a moment and stare into outer space. Do you really see your typical Mom and Pop in Nebraska or Shenzheng following the investment advice of these nutjobs? Busting out their Bitcoin Cash smartwallet at Walmart simply because it's truer to Satoshi's original vision? No. Honestly, if you think about it to yourself, you don't see it, because it's ridiculous. Again, I'm making no comment on the flaws or merits of big blocks - a debate I have no technical qualifications for jumping into. What I am saying is that the two current big block proposals are being marketed terribly to the very people that are supposed to fuel these proposals to the moon.
[One tiny moderating factor, I will admit, is that reddit.com/btc is a functioning and informative forum right now, whereas reddit.com/bitcoin is not. It also seems very reasonable that the censorship policies of the latter have a lot to do with this. This one legitimate strength of the current big blocker camp is touted time and again in the comments on these very forums. But even this strength is often carried far beyond a rational reader's suspense of disbelief. Anyone who supports Core is a censorship-serving shill? From my understanding, the vast majority of Bitcoin users (not weighted by transaction value) are in the continent of Asia, whose residents are nowhere near this website. South Korea in particular has massive BCH trading volume. So how true is it that information in Japanese, Chinese and Korean cryptocurrency subforums are manipulated and controlled by Core-sympathetic censors? Not a single thread here has presented evidence to the effect. Like with many other conspiracy theories, I might be deadly wrong on the power of the Core Echo Chamber deluding the bulk of the economy, but I'm not holding my breath.]
Anyway, I hope the issues I've presented are based on information sources - developers, exchanges, industry leaders - that are sufficiently independent from Core and from Blockstream as to be credibly unbiased to those who are in disagreement with them, whether over governance policy, over long-term strategy or on near-term implementation (or all three). If not, for example if there are significant non-NYA-signatory businesses I haven't heard of who are supporting Segwit2x, or if BCH's EDA is a predictable and well-documented benefit to these specific players, or if Segwit2x has a workable replay protection plan whose commits Core is somehow maliciously sabotaging, or if Blockstream actually controls development of Ethereum's Plasma rather than independently inspiring it, or if there's any other factual misconceptions I've expressed in my analysis, please feel free to enlighten us in the comments below. Only no semantic wrangling about what constitutes the True Bitcoin or the True Block. I don't worship Bitcoin and I don't care.
Cliffs: It seems to me that information provided solely from non-Core/Blockstream outlets suffices to advise one to steer clear of non-Core implementations of Bitcoin at present, independently of whether the Bitcoin Core implementation is ideal. I am making this post to see if anyone will demonstrate biases about these facts or provide counter-facts showing even deeper problems with Bitcoin Core's current implementation or roadmap.
Cliffs of cliffs: Maybe Core is evil, but at least we're sure their code will work... for now.
submitted by nearly-human to btc [link] [comments]

Subreddit Stats: btc top posts from 2017-01-09 to 2017-02-07 22:40 PDT

Period: 29.80 days
Submissions Comments
Total 999 28052
Rate (per day) 33.52 904.13
Unique Redditors 409 2067
Combined Score 56126 117584

Top Submitters' Top Submissions

  1. 3835 points, 41 submissions: Egon_1
    1. "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority" (529 points, 262 comments)
    2. Charlie Shrem: "Oh cmon. @gavinandresen is the reason we are all here today. Stop attacking people, ...." (256 points, 61 comments)
    3. The core developers don't care about you. Let's fire them by hard fork to Bitcoin unlimited! (231 points, 83 comments)
    4. Bitcoin Core Hashrate Below 80% (211 points, 27 comments)
    5. "Bitcoin is an P2P electronic cash system, not digital gold. If Bitcoin's usefulness as cash is undermined, its value will be undermined too." (198 points, 196 comments)
    6. I like these ads (194 points, 25 comments)
    7. "ViaBTC Transaction Accelerator already help more than 5K delayed transactions got confirmed." (142 points, 27 comments)
    8. Bitcoin Unlimited: Over 800 PH/s (128 points, 21 comments)
    9. ViaBTC produces ZERO empty block in the last month. Best in SPV base mining pool. (117 points, 2 comments)
    10. New ATL (All Time Low) For Bitcoin Core Blocks (114 points, 59 comments)
  2. 2876 points, 24 submissions: ydtm
    1. The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? (354 points, 116 comments)
    2. BU-SW parity! 231 vs 231 of the last 1000 blocks! Consensus will always win over censorship! MARKET-BASED blocksize will always win over CENTRALLY-PLANNED blocksize! People want blocksize to be determined by the MARKET - not by Greg Maxwell & his 1.7MB anyone-can-spend SegWit-as-a-soft-fork blocks. (271 points, 66 comments)
    3. The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price! (185 points, 80 comments)
    4. "Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, btc" ~ u/randy-lawnmole (176 points, 114 comments)
    5. "Why is Flexible Transactions more future-proof than SegWit?" by u/ThomasZander (175 points, 110 comments)
    6. "You have to understand that Core and their supporters eg Theymos WANT a hardfork to be as messy as possible. This entire time they've been doing their utmost to work AGAINST consensus, and it will continue until they are simply removed from the community like the cancer they are." ~ u/singularity87 (170 points, 28 comments)
    7. Blockstream/Core don't care about you. They're repeatedly crippling the network with their DEV-CONTROLLED blocksize. Congestion & delays are now ROUTINE & PREDICTABLE after increased difficulty / time between blocks. Only we can fix the network - using MARKET-CONTROLLED blocksize (Unlimited/Classic) (168 points, 60 comments)
    8. 3 excellent articles highlighting some of the major problems with SegWit: (1) "Core Segwit – Thinking of upgrading? You need to read this!" by WallStreetTechnologist (2) "SegWit is not great" by Deadalnix (3) "How Software Gets Bloated: From Telephony to Bitcoin" by Emin Gün Sirer (146 points, 59 comments)
    9. This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price. (143 points, 97 comments)
    10. Now that BU is overtaking SW, r\bitcoin is in meltdown. The 2nd top post over there (sorted by "worst first" ie "controversial") is full of the most ignorant, confused, brainwashed comments ever seen on r\bitcoin - starting with the erroneous title: "The problem with forking and creating two coins." (142 points, 57 comments)
  3. 2424 points, 31 submissions: realistbtc
    1. Remember this picture ? It was a very strong and cool message from around 2014 . Well, sadly it's not true anymore. But it was universally liked in the Bitcoin space , and probably brought here some of us . I remember even luke-jr reposting it somewhere (oh , the hypocrysis!! ). (249 points, 55 comments)
    2. Emin Gun Sirer on Twitter ' My take is the exact opposite: we are now finding out that Segwit isn't necessary and we can get the same benefits via simpler means. " (248 points, 46 comments)
    3. Gavin Andresen on Twitter : ' The purpose of a consensus system is to arrive at one outcome. Participating means accepting the result even if you initially disagree. ' (204 points, 56 comments)
    4. enough with the blockstream core propaganda : changing the blocksize IS the MORE CAUTIOUS and SAFER approach . if it was done sooner , we would have avoived entirely these unprecedented clycles of network clogging that have caused much frustrations in a lot of actors (173 points, 15 comments)
    5. Gavin Andresen on Twitter - 'This can't be controversial... can it? - a definition of Bitcoin' (136 points, 38 comments)
    6. adam back on twitter "contentious forks are bad idea for confidence & concept of digital scarcity. wait for the ETFs. profit. mean time deploy segwit & lightning" - no! a corrupt company like blockstream with a washed out ex cypherpunk like adam are what's bad for Bitcoin . (122 points, 115 comments)
    7. "Bitcoin: A Peer-to-Peer Electronic Cash System" - if you stray from that , you don't get to keep calling it Bitcoin. call it blockstreamcoin, adamcoin, gregcoin, theymoscoin or whatever and go fork off yourself . (112 points, 19 comments)
    8. soon 21 will have to change the scale , because 180 satoshi/KB won't be enough anymore - madness - feel free to send your complaints to greg maxwell CTO of blockstream (112 points, 31 comments)
    9. PSA : if you use a ledger wallet , you risk paying an absurdly high free - see here : 10$ for a 225 bytes 150$ tx - but remember , it's all fine for your elitist and gregonomic friends at blockstream (109 points, 111 comments)
    10. Luke 'the liar' Dashjr : ' My BIP draft didn't make progress because the community opposes any block size increase hardfork ever. ' -- yes , he wrote exactly that !! (96 points, 33 comments)
  4. 2129 points, 43 submissions: increaseblocks
    1. After failing to get 10K bitcoins for stolen NSA exploits, Shadow Brokers post farewell message, dump a cache of Windows hacking tools online (181 points, 23 comments)
    2. Coinbase and the IRS (146 points, 69 comments)
    3. Ryan X. Charles on Twitter - There is a leadership gap in bitcoin left by technical community members who didn't listen to miners, businesses or users. (117 points, 44 comments)
    4. Blockstream Core developer says you should "pay a $5 fee" to get your transaction to go through! (116 points, 32 comments)
    5. $2.50 transaction FEE paid on $37 transaction, still unconfirmed for 24 hours!! (109 points, 37 comments)
    6. Blockstream shareholder gives a little more insight into the company (107 points, 33 comments)
    7. Finished setting up my Unlimited full node. Took just over 24 hrs to sync with a 5 yr old laptop and standard U.S. connection + $50 1TB hard drive! (96 points, 46 comments)
    8. Matt Corallo/TheBlueMatt leaves Blockstream to go work for Chaincode Labs... is the Blockstream house of cards beginning to crumble? (86 points, 175 comments)
    9. 53,000 transactions in the backlog! (75 points, 79 comments)
    10. Doctor ₿ Goss on Twitter: Spending a year on #segwit instead of coordinating blocksize increase may not have been wise. Money that doesn't work is worthless (70 points, 11 comments)
  5. 1590 points, 9 submissions: parban333
    1. Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. (566 points, 87 comments)
    2. nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin. (400 points, 207 comments)
    3. Remember: while the blockstream trolls take Peter R out of context, Peter Todd really think Bitcoin should have a 1%/security tax via inflation. (146 points, 92 comments)
    4. So, Alice is causing a problem. Alice is then trying to sell you a solution for that problem. Alice now tell that if you are not buying into her solution, you are the cause of the problem. Replace Alice with Greg & Adam.. (139 points, 28 comments)
    5. SegWit+limited on-chain scaling: brought to you by the people that couldn't believe Bitcoin was actually a sound concept. (92 points, 47 comments)
    6. Remember: the manipulative Adam Back, CEO of Blockstream, want to fool every newcomer that doesn't know better into thinking that he practically invented Bitcoin. (91 points, 22 comments)
    7. Not only segwit support is laughable at the moment for something targeting 95% adoption, but it's actually diminishing. Wallet devs and people that spent resources implementing that ridiculous contraption must feel a bit silly at the moment.... (83 points, 143 comments)
    8. It's ironic that blockstream's concerns about hard forks security are what's actually caused concerns about hard forks security. (46 points, 5 comments)
    9. The Intercept - "Hidden loopholes allow FBI agents to infiltrate political and religious groups" - Just something to consider, right? (27 points, 2 comments)
  6. 1471 points, 10 submissions: sandakersmann
    1. Charlie Shrem on Twitter: "If we don't implement bigger blocks ASAP, Paypal will be cheaper than #bitcoin. I already pay a few dollars per tx. Stop hindering growth." (472 points, 254 comments)
    2. Olivier Janssens on Twitter: "Do you like Bitcoin? Then you like an unlimited block size. The limit was put in place as a temp fix and was never hit before last year." (252 points, 189 comments)
    3. Ryan X. Charles on Twitter: "Bigger blocks will allow more people access to every aspect of bitcoin, enhancing decentralization" (213 points, 179 comments)
    4. Is Bitcoin Unlimited Headed for Activation? (149 points, 38 comments)
    5. Marius Kjærstad on Twitter: "High fees push real economy out of #Bitcoin and makes price driven by speculation. Result is a lower real economy floor to catch the knife." (132 points, 37 comments)
    6. No Primary Litecoin Pool Will Upgrade to Segwit, Says LTC1BTC's Founder (103 points, 60 comments)
    7. Charlie Shrem: "Bitcoin is been built to appreciate or die. That's how it is. It has to continue to grow. If it doesn't grow then it's just gonna go away." (76 points, 15 comments)
    8. G. Andrew Stone & Andrew Clifford: Bitcoin Unlimited (Episode 166) (36 points, 1 comment)
    9. Joseph VaughnPerling on Twitter: "#SegWit on $LTC's safe b/c low TX vol. AnyoneCanSpend TX UTXO unlikely to hit 51% attack cost. On $BTC it'd be insidiously fatal. @SegWit" (21 points, 8 comments)
    10. Bitcoin Plummets After China Launches "Market Manipulation" Investigations Of Bitcoin Exchanges (17 points, 0 comments)
  7. 1408 points, 7 submissions: BeijingBitcoins
    1. LOL - /bitcoin user claims that people aren't being actively silenced; is actively silenced. (307 points, 142 comments)
    2. Reality check: today's minor bug caused the bitcoin.com pool to miss out on a $12000 block reward, and was fixed within hours. Core's 1MB blocksize limit has cost the users of bitcoin >$100k per day for the past several months. (270 points, 173 comments)
    3. Satoshi: "The eventual solution will be to not care how big [block size] gets." (250 points, 75 comments)
    4. Top post on /bitcoin about high transaction fees. 709 comments. Every time you click "load more comments," there is nothing there. How many posts are being censored? The manipulation of free discussion by /bitcoin moderators needs to end yesterday. (229 points, 91 comments)
    5. Bitcoin Unlimited blocks at all time high! (143 of last 1000) (191 points, 56 comments)
    6. Censored in bitcoin: "Bitcoin Core hashrate reaches 79.7%" (91 points, 61 comments)
    7. Bitcoin Transaction Fees - All Time (70 points, 18 comments)
  8. 1235 points, 40 submissions: chinawat
    1. Julian Assange just used the bitcoin block number 447506 as a proof of life. (199 points, 42 comments)
    2. "$3000 donated anonymously to the @internetarchive in bitcoin just now. Made our day!" -- Brewster Kahle on Twitter (97 points, 3 comments)
    3. ‘Barclays took my £440,000 and put me through hell’ | Money (76 points, 22 comments)
    4. Venezuelan Police Arrest Eight Bitcoin Miners in Two Weeks, and the Country's Leading Bitcoin Exchange Suspends Operations (52 points, 2 comments)
    5. The Path To $10,000 Bitcoin (46 points, 11 comments)
    6. How Deutsche Bank Made a $462 Million Loss Disappear (44 points, 6 comments)
    7. "The plan (#mBTC units) has been discussed amongst local #Chinese exchanges, & we believe it will appease the regulators, w/ "lower" prices." -- Bobby Lee on Twitter (43 points, 36 comments)
    8. "Everyone knows that we need to reduce the max block size, but is a one-time drop to 300 kB really the best way?" -- theymos (40 points, 68 comments)
    9. Buy bitcoin from any 7-11 in the Philippines (36 points, 0 comments)
    10. The Race Is On for a Bitcoin ETF (31 points, 14 comments)
  9. 1010 points, 17 submissions: 1and1make5
    1. Last 1000 Blocks - Bitcoin Unlimited overtakes soft-fork-segwit signaling (165 points, 25 comments)
    2. Again: Bigger Blocks Mean More Decentralization - Roger Ver (101 points, 59 comments)
    3. cnLedger on Twitter - "@todu77 Contacted http://BTC.TOP . A different logic was used when dealing w/ (very occasional) empty blc. They'll update to BU only" (94 points, 6 comments)
    4. Controlling your own wealth as a basic human right - Brian Armstrong (93 points, 30 comments)
    5. Last 1000 Blocks - 20% of the Bitcoin mining network supports Bitcoin Unlimited (89 points, 4 comments)
    6. BTC.top current hashrate: ~100 Ph/s (71 points, 5 comments)
    7. Throwback Thursday: BTC.top mined their first BU block 1 month ago with ~31 Ph/s, today they have ~149 Ph/s (68 points, 6 comments)
    8. Epicenter Bitcoin 166 - G. Andrew Stone & Andrew Clifford: Bitcoin Unlimited (63 points, 50 comments)
    9. Coinbase Obtains the Bitlicense (53 points, 19 comments)
    10. Fun fact (doesn't mean anything): In the last 24 hours more blocks have signaled support for Bitcoin Unlimited than soft-fork-segwit (53 points, 5 comments)
  10. 984 points, 20 submissions: seweso
    1. Bitcoin unlimited is an expression of freedom. And freedom will always be misconstrued by paternalists/statists as something dangerous. (120 points, 64 comments)
    2. My hope for Bitcoin Unlimited is not to force a hardfork upon everyone, but to break through the censorship, to open minds. (106 points, 88 comments)
    3. Core threatening a POW change makes absolutely no sense whatsoever. (97 points, 58 comments)
    4. "We will run a SegWit release in production by the time [a 2MB hardfork] is released in a version of Bitcoin Core." (94 points, 84 comments)
    5. Blocked by Peter Todd for pointing out he started the propaganda war with his slippery slope video. (92 points, 41 comments)
    6. I can't wait to spend everyone's SegWit funds on a hard-forked >1Mb chain. ~ Seweso (72 points, 72 comments)
    7. BashCo putting his Bitcoin ignorance on display by stating "60,000 #Bitcoin transactions don't just magically appear out of thin air. #spam" (66 points, 12 comments)
    8. Bitcoin Core developers discussing and deciding on Bitcoin economics again (47 points, 13 comments)
    9. Reaction to: why-bitcoin-unlimiteds-emergent-consensus-gamble (46 points, 9 comments)
    10. "@seweso Show me an instance where core pushed out a change and cost miners a block reward." ~ I can do that ;) (37 points, 6 comments)
  11. 883 points, 16 submissions: Shock_The_Stream
    1. Emin Gün Sirer: Finally getting to the crux of the battle. LN/Segwit/fee-market are a synonym for "high fees." Nothing about this tech requires high fees. (155 points, 78 comments)
    2. BTC.TOP !! - New Alltime High for BU blocks @199 ! BTC.TOP alone just mined 4 BU blocks within 47 minutes (115 points, 26 comments)
    3. The great halvening of Samson's Segwit Pool: Mission accomplished! 1 yr: 12.50%, 6 month: 11.10%, 1 month: 7.83%, 1week: 6.67%, 4 days: 6% (107 points, 56 comments)
    4. Surpise: SegWit SF becomes more and more centralized - around half of all Segwit signals come from Bitfury ... (107 points, 45 comments)
    5. BS of the week by Rusty Russell: "If segwit doesn't activate, something is badly broken in Bitcoin" (102 points, 97 comments)
    6. Slush pool: Incredible bad luck for the Bitcoin Unlimited voters (43 points, 26 comments)
    7. The Bitfury Attack (43 points, 38 comments)
    8. 799! Jiang Zhuo'er teared down this wall! (40 points, 13 comments)
    9. Did Slush just stop mining segwit with the 'don't care' voters? (39 points, 36 comments)
    10. Fortune favours the bold: BTC.TOP with 300% luck today (30 points, 2 comments)
  12. 754 points, 10 submissions: AQuentson
    1. Price Shoots Up as Miners Checkmate and Bitcoin Unlimited Surpasses Segwit. (113 points, 28 comments)
    2. One Transaction Will Cost $400 if Bitcoin Hits $10,000 According to Jameson Lopp (104 points, 39 comments)
    3. Bitcoin Core Developer: Satoshi's Design Doesn't Work (100 points, 78 comments)
    4. Wow! Had no idea the BitcoinMarkets subreddit is completely censored. (90 points, 29 comments)
    5. F2Pool Will Not Upgrade Its Bitcoin Pool to Segwit "Anytime Soon" (89 points, 21 comments)
    6. The Bitcoin Market Needs Big Blocks, Says Founder of BTC.TOP Mining Pool (82 points, 21 comments)
    7. Almost $1 Billion Worth of Bitcoins Stuck in Transaction Backlog (72 points, 8 comments)
    8. ViaBTC's Hashrate Increases to 12 Percent (58 points, 2 comments)
    9. “The protocol debate is not my priority." - Jihan Wu, Bitmain's Founder (24 points, 13 comments)
    10. Wow! Almost $1 Billion Worth of Bitcoin is Stuck, Can't Move - What Happens if no Block is Found in One Hour (as has happened before) Will Bitcoin Literally Break Down? (22 points, 14 comments)
  13. 744 points, 10 submissions: BobsBurgers3Bitcoin
    1. Bitcoin Unlimited 1.0.0 has been released (274 points, 130 comments)
    2. Censored in r\Bitcoin: "35.8 Cents: Average Transaction Fee so far in 2017. The Average Transaction Fee in 2016 was 16.5 Cents" (260 points, 123 comments)
    3. 35.8 Cents: Average Transaction Fee so far in 2017. The Average Transaction Fee in 2016 was 16.5 Cents (74 points, 18 comments)
    4. Former Fed Employee Fined $5,000 for Using Computer for Bitcoin (37 points, 5 comments)
    5. Bitcoin: Why It Now Belongs in Every Portfolio (26 points, 0 comments)
    6. Bitcoin is 'a great hedge against the system' and could be the new gold (18 points, 1 comment)
    7. Bitcoin Will Change Money Like the Internet Changed Video (15 points, 0 comments)
    8. Is Warren Buffett Wrong About Bitcoin? (14 points, 3 comments)
    9. Bitseed Review – A Plug & Play Full Bitcoin Node (13 points, 2 comments)
    10. Bitcoin is soaring (and Business Insider does not change the title of the almost identical article published 3 weeks ago by the same author) (13 points, 1 comment)
  14. 732 points, 10 submissions: specialenmity
    1. Fantasy land: Thinking that a hard fork will be disastrous to the price, yet thinking that a future average fee of > $1 and average wait times of > 1 day won't be disastrous to the price. (209 points, 70 comments)
    2. "Segwit is a permanent solution to refuse any blocksize increase in the future and move the txs and fees to the LN hubs. The chinese miners are not as stupid as the blockstream core devaluators want them to be." shock_the_stream (150 points, 83 comments)
    3. In response to the "unbiased" ELI5 of Core vs BU and this gem: "Core values trustlessness and decentralization above all. Bitcoin Unlimited values low fees for on-chain transactions above all else." (130 points, 45 comments)
    4. Core's own reasoning doesn't add up: If segwit requires 95% of last 2016 blocks to activate, and their fear of using a hardfork instead of a softfork is "splitting the network", then how does a hardfork with a 95% trigger even come close to potentially splitting the network? (96 points, 130 comments)
    5. luke-jr defines "using bitcoin" as running a full node. Dictates that the cost of moving money ( a transaction) should exceed "using bitcoin". Hah (38 points, 17 comments)
    6. If it's not activating that is a strong evidence that the claims of it being dire were and continue to be without substance. nullc (36 points, 23 comments)
    7. I'm more concerned that bitcoin can't change than whether or not we scale in the near future by SF or HF (26 points, 9 comments)
    8. "The best available research right now suggested an upper bound of 4MB. This figure was considering only a subset of concerns, in particular it ignored economic impacts, long term sustainability, and impacts on synchronization time.." nullc (20 points, 4 comments)
    9. At any point in time mining pools could have increased the block reward through forking and yet they haven't. Why? Because it is obvious that the community wouldn't like that and correspondingly the price would plummet (14 points, 14 comments)
    10. The flawed mind of jstolfi (13 points, 17 comments)
  15. 708 points, 7 submissions: knight222
    1. BTC.TOP operator: “We have prepared $100 million USD to kill the small fork of CoreCoin, no matter what POW algorithm, sha256 or scrypt or X11 or any other GPU algorithm. Show me your money. We very much welcome a CoreCoin change to POS.” (241 points, 252 comments)
    2. For those who missed it, this is how the hardfork with Bitcoin Unlimited will happen. (173 points, 79 comments)
    3. Blocks mined with Bitcoin Unlimited reaching 18% (133 points, 28 comments)
    4. Bitcoin Unlimited is less than 1% away from outpacing Segwit for the last 1000 blocks mined (90 points, 44 comments)
    5. BU nodes peaked in the last days (28 points, 6 comments)
    6. Blockstream never tried to compromise but they will (too late). This is why: (22 points, 4 comments)
    7. BTC.TOP is having a good day (21 points, 6 comments)

Top Commenters

  1. Adrian-X (3622 points, 821 comments)
  2. H0dl (3157 points, 563 comments)
  3. Bitcoinopoly (2732 points, 345 comments)
  4. knight222 (2319 points, 361 comments)
  5. MeTheImaginaryWizard (2043 points, 429 comments)
  6. Ant-n (1818 points, 387 comments)
  7. todu (1756 points, 265 comments)
  8. seweso (1742 points, 328 comments)
  9. awemany (1690 points, 401 comments)
  10. Shock_The_Stream (1647 points, 217 comments)
  11. Helvetian616 (1578 points, 206 comments)
  12. Egon_1 (1478 points, 162 comments)
  13. realistbtc (1299 points, 95 comments)
  14. BitcoinIsTehFuture (1231 points, 139 comments)
  15. LovelyDay (1226 points, 196 comments)
  16. thcymos (1172 points, 117 comments)
  17. BeijingBitcoins (1098 points, 58 comments)
  18. Yheymos (1061 points, 69 comments)
  19. steb2k (1058 points, 238 comments)
  20. ydtm (987 points, 132 comments)
  21. dontcensormebro2 (975 points, 106 comments)
  22. chinawat (972 points, 223 comments)
  23. increaseblocks (934 points, 73 comments)
  24. segregatedwitness (921 points, 101 comments)
  25. Annapurna317 (874 points, 146 comments)
  26. DaSpawn (817 points, 162 comments)
  27. insette (808 points, 91 comments)
  28. TanksAblazment (803 points, 150 comments)
  29. blockstreamcoin (787 points, 133 comments)
  30. MeatsackMescalero (774 points, 95 comments)
  31. satoshis_sockpuppet (745 points, 126 comments)
  32. BitcoinXio (739 points, 50 comments)
  33. jstolfi (734 points, 183 comments)
  34. singularity87 (720 points, 90 comments)
  35. Richy_T (704 points, 163 comments)
  36. redlightsaber (690 points, 138 comments)
  37. Leithm (686 points, 74 comments)
  38. ErdoganTalk (668 points, 252 comments)
  39. BitcoinPrepper (665 points, 89 comments)
  40. reddaxx (664 points, 105 comments)
  41. r1q2 (660 points, 110 comments)
  42. papabitcoin (653 points, 79 comments)
  43. 2ndEntropy (632 points, 76 comments)
  44. FormerlyEarlyAdopter (608 points, 92 comments)
  45. Coolsource (595 points, 116 comments)
  46. Peter__R (589 points, 43 comments)
  47. timepad (570 points, 62 comments)
  48. Rawlsdeep (564 points, 109 comments)
  49. themgp (560 points, 46 comments)
  50. ForkiusMaximus (558 points, 89 comments)

Top Submissions

  1. Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons. by parban333 (566 points, 87 comments)
  2. "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority" by Egon_1 (529 points, 262 comments)
  3. Charlie Shrem on Twitter: "If we don't implement bigger blocks ASAP, Paypal will be cheaper than #bitcoin. I already pay a few dollars per tx. Stop hindering growth." by sandakersmann (472 points, 254 comments)
  4. nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin. by parban333 (400 points, 207 comments)
  5. The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE? by ydtm (354 points, 116 comments)
  6. LOL - /bitcoin user claims that people aren't being actively silenced; is actively silenced. by BeijingBitcoins (307 points, 142 comments)
  7. Massive censorship on "/bitcoin" continues by BitcoinIsTehFuture (296 points, 123 comments)
  8. Charlie Shrem on Twitter: "You can talk about anything in BTC and it won't be auto deleted" by BitcoinXio (291 points, 69 comments)
  9. Bitcoin Unlimited blocks exceed Core for first time, 232 vs. 231 of last 1,000 by DNVirtual (282 points, 84 comments)
  10. As relevant as it's always been by iopq (276 points, 15 comments)

Top Comments

  1. 151 points: nicebtc's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
  2. 123 points: 1DrK44np3gMKuvcGeFVv's comment in "One miner loses $12k from BU bug, some Core devs scream. Users pay millions in excessive tx fees over the last year "meh, not a priority"
  3. 117 points: cryptovessel's comment in nullc disputes that Satoshi Nakamoto left Gavin in control of Bitcoin, asks for citation, then disappears after such citation is clearly provided. greg maxwell is blatantly a toxic troll and an enemy of Satoshi's Bitcoin.
  4. 117 points: seweso's comment in Roger Ver banned for doxing after posting the same thread Prohashing was banned for.
  5. 113 points: BitcoinIsTehFuture's comment in Dear Theymos, you divided the Bitcoin community. Not Roger, not Gavin, not Mike. It was you. And dear Blockstream and Core team, you helped, not calling out the abhorrent censorship, the unforgivable manipulation, unbecoming of supposed cypherpunks. Or of any decent, civil persons.
  6. 106 points: MagmaHindenburg's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
  7. 98 points: lon102guy's comment in bitcoin.com loses 13.2BTC trying to fork the network: Untested and buggy BU creates an oversized block, Many BU node banned, the HF fails • /Bitcoin
  8. 97 points: bigboi2468's comment in contentious forks vs incremental progress
  9. 92 points: vbuterin's comment in [Mark Friedenbach] There is a reason we are generally up in arms about "abusive" data-on-blockchain proposals: it is because we see the potential of this tech!
  10. 89 points: Peter__R's comment in contentious forks vs incremental progress
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submitted by subreddit_stats to subreddit_stats [link] [comments]

Who are the owners of the Bitcoin Core repository?

I am a bit new to Bitcoin, but I was reading some of the stuff from the expert developers. I saw this quote by Gregory Maxwell says he owns the Core repository:
You're free to have your own repository-- and you do in fact; you should try working on it instead of telling other people what to do in their own repositories for a change
https://www.reddit.com/bitcoinxt/comments/3t21dh/dangerous_homebrew_cryptography_in_blockstream/cx4fiwa
So I was wondering how many people own the Core repository? Is it more than 1 or does Greg Maxwell own it all? Also didn't Gavin Andresen used to own it? Can somebody ELI5 the history of Bitcoin Core repository ownership?
Also if they are claiming ownership then I don't understand why they are so against XT and other repositories, if Bitcoin is supposed to be decentralized I thought its good to have competition between repositories because isn't centralization bad?
submitted by lux32 to btc [link] [comments]

ELI5: Bitcoin Daily View 02-20-20 Bart Long & Short Liquidation Complete - BTC Uptrend ready! Bitcoin Daily View 01-26-2020 BTC Riding The Daily 314 Moving Average Bitcoin Daily View 02-11-20 Liquidation Dump & then Pump! BTC Daily View 03-04-20 Bitcoin Sideways And Steady

Bitcoin SV is the original Bitcoin. It restores the original Bitcoin protocol, will keep it stable, and allow it to massively scale. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: Bitcoin: A Peer-to-Peer Electronic Cash System. A Hard fork, really is a misleading name. It connotes the idea of a train traveling on the tracks and the conductor makes a decision to change the rail switch, and choose a another track to go down. While the trains directions changes, the passengers cargo and train remains the same. Everyone enjoying a happy trip, maybe… The ELI5 version of why Bitcoin is important - youtube.com The essence of how Bitcoin works - youtube.com The real value of Bitcoin and cryptocurrency technology - youtube.com For Bitcoin XT to become the official bitcoin client bitcoin miners will have to approve it. If 75% of bitcoin miners start mining using Bitcoin XT instead of Bitcoin Core after two weeks a hard fork will occur, but not earlier than January 2016. You can see how many bitcoin blocks have been mined with Bitcoin XT here. To date the only mining Bitcoin XT was launched before the Bitcoin network had truly reached a boiling point on this issue. Mike Hearn, the most outspoken advocate for the increase in block size at that time, spearheaded the Bitcoin XT movement. However, Gavin Andresen also joined forces with Mike Hearn later on and they both partnered up to develop Bitcoin XT.

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ELI5: "What is a Zero Sum Game, and how do I play?"

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