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      "body": "\"5 bitcoins?!\"\nOn behalf of the entire cryptoverse, I cringed when my wife's little sister asked why there are 5 bitcoins. \n\nI helped align the entire world on one telecom system. As a result we can take our phones and go anywhere in the world and use them, and can call anyone. Economy of scale made it so cheap that everyone could get one. There are now 7.7 billion paying subscriptions, more than the people on earth - on one compatible system. \n\nIn bitcoin, some opinions differ on the optimal value of a constant in the code, whether the \"best\" value is 1, 2 or 8 MB. Instead of working that out, or compromising on say 4, they each go and build their own bitcoin, incompatible with the other two. Then comes a fourth guy and differs in opinion on whether the best hash algorithm is SHA256 or Equihash. Then he also does another, incompatible bitcoin. A fifth guy, disagrees completely with the other 4, and voila, we have 5 bitcoins. As a result, the poor local car salesman has to put up 5 different payment systems with 5 different prices, to sell that lambo car. Hardly the optimal way to gain universal acceptance for bitcoin as a payment currency. How can this even happen? \n\nTo understand this, we have to first understand that bitcoin, as most open source, is a decentralized effort. There is no CEO, no technical coordinator, no me. No-one is in charge. It is like coming to office where there is no boss, no-one leading the work and everyone can do whatever they want. Worse, you can take anyone else's work and say \"I'll just take your work and add my name at the bottom\". How can a system like that create something that gets a 100 billion dollar market cap? Because it clearly works. Look at how open source has taken over many industries in the world. \n\nThe reason why open source still works is because the best and most used solutions get a self-reinforcing circle: Better solution -> more users -> more interest -> more developers -> better solutions. While probably bitcoin variant 834, which we will surely see at some point, may instead find itself in a dwingling circle of less users -> less interest -> difficulty to recruit developers -> solutions starting to lag -> less users. Somehow the market figures out what is best, and it is okay to have more choices. Now this is true in general, but it is not so good for peer-to-peer services, relying on that both parties use the same system. \n\nThese are intelligent people, and they realize that by forking like this, they could potentially destroy much of the universal acceptance that was the whole point of bitcoin. So why are they doing that? What is it that makes them feel so strongly about it, that they are willing to risk the very thing they are fighting for? I don't think it's money, most have enough. \n\n\nThe Battle of the 5 Bitcoins\nThis is how it could sound like: \n\nBitcoin Core: Hey Bitcoin should scale not just from 5 to 50 transactions per second, but to 50,000 or 50 million, to be a viable payment alternative. Bitcoin in it's original architecture, doesn't scale easily to those numbers so let's add a layer on top, transacted outside bitcoin, and then recorded back on-chain. Problem solved! \n\nBitcoin Cash: Not so fast Mr Core! If we add a settlement layer on top, we are back to companies with CEO's and all the things we wanted to get rid of with a decentralized payment system in the first place. We simply can't do that, says BCH. Instead let's scale the blocks to fit more transactions within the true decentralized nature of the original bitcoin. \n\nBitcoin Gold: You are all wrong says BTG. You have lost the decentralization already. It is all controlled by the centralized mining companies, to large extent in huge mining farms in China. The current algorithm makes it impossible to compete with them. We need to put the mining power back in the hands of everyday people, because the miners determine bitcoin. \n\n2x, largely the current mining companies: Guys, when we agreed to Segwit in Bitcoin Core, you promised us that we would increase the block size to 2 MB. What is this nonsense about pulling out? I stand by my word and honor my agreements. \n\neBTC: Finally comes the new kid and says: Grandpas, there is a much simpler way to do all of what you are talking about. I wrote it with my thumbs. You are all old men stuck in old times. \n\n\nWhich is \"Best\"?\nI have tried to make an exhaustive analysis in the table below, looking primarily at real performance. I've spent two decades talking about \"roadmaps\" and I know that working software running live in production is a very different animal from making a nice looking plan in powerpoint. I've noted the roadmaps, but I believe roadmaps when the day is reached and the code is live. \n\nBitcoin Cash does actually perform well in terms of transaction fees, but suffers from inconsistent block times, making it still as unpractical for payments as regular bitcoin. \n\nBitcoin Gold does have merits in terms of mining, but few people actually care about that. \n\nI was surprised myself how good eBTC compares to the other 4 in real performance. It is a crazy idea, but good, clearly the wildcard. In many ways, it is \"best\" out of the 5 - quite a shock to many I'm sure. \n\nWill S2X be \"better\" than the original? Marginally. Actually when scaling large distributed systems, you don't scale them 2x. You need to scale them at least 10 times in a go to be worth the hassle. All this fork ambiguity over a 2x increase in something is truly a horrible idea, and weakens my confidence in bitcoin. On the market it might still help. Scandals brings publicity. Publicity brings buyers (or voters). \n\nHaving said this, it is important to note \"Best for what?\" Bitcoin isn't a currency today. Transaction fees and transaction times are horrible and what really kills it is the volatility. You can't use a currency for actual purchases when it can be worth 20% more or less while you're doing the transaction. Most businesses face margin pressure and are high precision operations.\n\nWhich One is Bitcoin?\nLike I started, I think we will have more than one bitcoin going forward. It is a consequence of having no boss and no clear informal leader. If Satoshi Nakamoto rose tomorrow and said he thinks Bitcoin X should be the bitcoin, that might change, but I personally think he is no longer with us unfortunately, and there is no other natural leader. \n\nBCH, with it's die-hard absolutely-no layer on top, may prevail, with a small share of the volume, like today. There will remain enough people who feel strongly about this matter. And as I noted, since bitcoin isn't primarily a payment currency today, the scaling that the Lightning network brings, isn't needed yet. 8 MB would have been just fine today for exchange trading and an occational lambo. BCH could have done much better with better communications and politics. \n\nI doubt Bitcoin Gold will make it, I think too few people care enough about the actual cause. \n\nIs 2x or 1x the Bitcoin? The 100 billion dollar question? I don't know. A few days ago I felt fairly certain that Core would prevail and I'm still guessing that will be the case. But what will determine it is the exchanges. If I sell my Alts, what is the trading pair? Where does the money go? Remember, bitcoin isn't a payment currency, it's a trading instrument. If I sell my OMG or WTC (which I won't) where does the money go? Currently the exchanges are split here. Later they cannot be. When an exchange customer sends BTC from A to B, it can't be opposite chains. People would lose money and blame the exchanges. So there will be a consensus on this. Right now I'm leaning towards Core, but I am far less certain than a few days back. Monitor the exchange statements!\n\nMy Skin in the Game\nSo what did I do? This is not trading advice, just what I did personally, and for full disclosure: \n\nI traded BCH once but aren't keeping any and I'm not looking to buy. \n\nI never bought any BTG. \n\nI have not bet on either BT1 or BT2. I feel both would be risky without knowing the outcome of how the exchanges will list BTC in the Alt/BTC trading pairs. \n\nBut I did buy eBTC and I bought more a few days back before the token swap. That is really the wildcard. As can be seen in the table, technically it is combining the best aspects of the other 4, by just piggy-backing on Ethereum that is a generation newer than Bitcoin. Will eBTC make it? Is it too crazy or can it *actually* work? It is a long shot and it will, as all start-ups, come down to execution. But if they do, I'm sure not going to stand on the side and miss a bitcoin train a second time. So I spent 1k to bought that Bitcoin pizza size of 10,000 eBTC coins that I didn't buy in 2010. Now I can sleep well at night, free from FOMO :-) \n\n\nBitcoins Compared v0.21\n![](https://steemitimages.com/DQmZTpJjvKpLt71HY63mC6qP2eHH3Jy8vx5jxjqc2D5SBKt/image.png)\nI hope you found this useful. I will update this page as the situation develops. If you have insights, errors spotted, welcome to write to me at [email protected] \n\nI wish you all green lights and a great day ahead. \nAuthor: Anders Larsson, M.Sc.\nSource: https://allcoinwiki.com/bitcoin/",
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      "title": "SHORT SUMMARY OF eBTC, WHAT SHOULD YOU DO?",
      "body": "One of the biggest topics people are now talking about it eBTC and this is my take. eBTC is an ERC20 Token which was fairly distributed to the community via airdrop by Satoshi21. It is claimed to replace BTC because of its speed, cheap and Smartness (BTC on ETH) and there will always be 21,000,000 just as BTC. To me, it’s a very nice idea. It gained popularity just within three days in Market, gaining more than 300%. It started trading on Oct 3rd at the rate of $0.021201 and went as high as $0.801066 on 6th October. Then there was a down time. (scroll down to read the down times).\nThe team posted not quite long confirming they got message from satoshi21 claiming he was afraid of the project that he never new it would be that great and accepted and gave the team the key, the sold ETH and eBTC in his poccession.\n![](https://steemitimages.com/DQmVJQs5zNwM1dxWPb37VXnwBXMRmaFooJvgpUBBrwcLg6v/image.png)\n\nWHAT THEN?\nThe community grew stronger after receiving the good news and the team worked harmoniously 24 hours round the clock. The most interesting part of it was that they carried the community along, community decides and they implement. New website was developed within limited time (https://www.ebtctoken.org/)and new social media created without wasting time (You can get the official social media on the official website) and all these were updated on all associated links to eBTC (like coinmarketcap.com).  The team created another contract which solved the initial error (This will make the token never to exceed the promised 21,000,000). As said by the team, the code is being thoroughly reviewed in other to remove any error. \n![](https://steemitimages.com/DQmTewKcGrL6KTA9FmJSXGDH6nabfukuh1dwQ4N2J8uMfy1/image.png)\n\nWHAT TO BE HAPPY ABOUT.\nThe swap to the new contract will start tentatively on October 30, 2017. eBTC has been known all around. Big crypto evangelists are now talking about it. eBTC has been seen on many media. New investors  have joined and some planning to join, eBTC has been listed on big exchanges with the likes of https://hitbtc.com pairing BTC, ETH and USDT, and the devs promised more, they have agreed with more bigger exchanges and would lists soon!.\n\nWHAT SHOULD YOU DO?\nThis now depends on you. It took me some times to put this all together with the little information I have, am not imploring you to buy and hold and it will not be a good decision not to buy and HODL. \nWhile some are buying now that it’s cheap, some are waiting till after the swap so as to play safe. \n\nMY TAKE\nAs at now, this token is just 13 days old on market cap and less than 10 days of development by the team and its has already been accepted as a means of payment by a website hosting company. The community is great, large and active, full of enthusiasm and marketing strength. I always felt sorry for myself for missing BTC when it was very cheap, I’ll never make same mistake again. I have just little of this token and I will HODL for now. I will advice you too to be part of this. The current price as at the time (20th October, 2017: 6:50pm, GMT+1) am writing this post is 1ebtc = $0.223501. I will come back here again to comment this time next month.\nThis is not just a write up, check this videos yourself, It was recorded by one of the best crypto evangelist I know:\nhttps://www.youtube.com/watch?v=LQu5R2Ns8xs&t=165s (Video with 17,235 views as at now)\nAND\nhttps://www.youtube.com/watch?v=MYDgJjJZM1k (Video with 21,811 views as at now)\n\nAlso check this links from cointelegraph and others\nhttps://themerkle.com/what-is-ebtc/#849965057123512321-tw#1507557056844\nhttps://cointelegraph.com/news/nailed-it-ethereum-bitcoin-hybrid-ebtc-gains-300-percent-on-investor-hype\nhttps://medium.com/@eBTCFoundation/\nhttps://www.reddit.com/r/eBTC/\n\n![](https://steemitimages.com/DQmVjKwYErTLbvY7L9BZCTNZatfySeQA1F7j4s6LdUGpcXn/image.png)\nTHE DOWN TIMES\nAs the fame of eBTC was growing hourly, Unfortunately, on the 6th of October, some error were discovered in eBTC code which could make more coin be produced, making the total coin exceed the promised 21,000,000. The news grew high and FUD Started. Who are behind this FUD?. Personally I would say those people who missed the airdrop (I was among those that got to know about eBTC after the airdrop and I read every single page of Bitcointalk posts), most people said they applied and never got (Satoshi21 said he eliminated those who registered multiple entry, using IP track).\nSatoshi21 published not long ago after the error was discovered and said that He forgot to remove the code when he changed his mind from doing an ICO to airdrop. And promised to find a way to tackle it with the new 12 team he got after the airdrop. About two days later, satoshi21 disabled the initial website, twitter and other social channels. The team were surprised and immediately created another telegram group thinking satoshi21 would delete the current one, but satoshi21 never did, he left the telegram group(https://t.me/joinebtc/) undeleted and it’s still the official telegram group till now. Everybody were in dilemma and there were panic sells. \nThe story then changed and everybody were happy, why? Go back up and read\nTHIS IS NOT A FINANCIAL ADVICE; PLEASE DO YOUR RESEARCH BEFORE INVESTING!!!",
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      "title": "Best way to profit from crypto!",
      "body": "I just found this opportunity and feel like sharing. There's been a lot of new about it on social media, expecially on youtube.com.\n\nYou can grow your BTC for 3.6 everyday, and you can withdraw your profits every hour. The Company claimed they were registered with Delaware government, infact, their registration number is on their website for confirmation.\n\nWhile some are saying it's a HYIP program, they company said they are real, so I'd advice you do your personnal research before going into it.\n\n![](https://steemitimages.com/DQmW3yD9F3Wiubgb79XZKdjJtApojFbCwTFmYhXMdAJVZqV/th.jpg)\nYou can register here: https://ambis.biz/?ref=busymick\n\nPlease do your own research and findings before registering. There are lots of their videos on youtube. I wish you goodluck.",
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      "permlink": "re-talkatives-wow-bank-accepts-bitcoin-and-crypto-asset-management-services-20170817t025511522z",
      "title": "",
      "body": "Copying/Pasting full texts is frowned upon by the community. \n\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"links\":[\"https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained\"],\"app\":\"steemit/0.1\"}"
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      "permlink": "re-talkatives-sounds-crazy-bitcoin-to-start-working-without-internet-20170817t025405398z",
      "title": "",
      "body": "Copying/Pasting full texts is frowned upon by the community. \n\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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      "title": "",
      "body": "Not indicating that the content you copy/paste is not your original work could be seen as [plagiarism. ](http://www.plagiarism.org/plagiarism-101/what-is-plagiarism/)\n\nSome tips to share content and add value:\n- Using a few sentences from your source in “quotes.” Use HTML tags or Markdown. \n- Linking to your source\n- Include your own original thoughts and ideas on what you have shared.\n\nRepeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the [cheetah bot](https://steemit.com/steemitabuse/@cheetah/cheetah-bot-explained).\n\nCreative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post. \n\nIf you are actually the original author, please do reply to let us know!\n\nThank You!",
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  "block": 14626216,
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      "permlink": "re-roronoazoro-re-talkatives-2017816t15497893z-20170816t135236861z",
      "title": "",
      "body": "@@ -39,16 +39,17 @@\n ntralize\n+d\n  and not\n",
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      "permlink": "re-roronoazoro-re-talkatives-2017816t15497893z-20170816t135236861z",
      "title": "",
      "body": "@@ -17,16 +17,17 @@\n ill make\n+s\n  it more\n",
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      "title": "",
      "body": "Exactly, which will make it more decentralize and not possible for any government to control!",
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      "body": "It would be a revolution... and a very good thing.",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttp://www.tuicode.com/article/59934d907a09859d77ffbb38",
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      "title": "Sounds Crazy! Bitcoin to start working without Internet",
      "body": "Sounds fantastical? Maybe, but Blockstream swears it isn't as crazy as it sounds.\n\n![](https://steemitimages.com/DQmdzmSyGDkv9F7wFVmTEjVymgVZKD4grUYvsaDvrag6Cac/image.png)\nToday, the bitcoin infrastructure company is launching Blockstream Satellite, an ambitious attempt to use leased satellites to beam bitcoin nearly anywhere in the world. Now in beta, bitcoin users in Africa, Europe, South America and North America can already use the satellites to download a working bitcoin node capable of storing the network's entire transaction history.\n\n![](https://steemitimages.com/DQmdjEyqc4QJq8WwCbn6a8w1UDchUwa5yP6Wy2JY7MXQwgp/image.png)\n\nBut while complex conceptually, the company believes its end result can solve a real issue facing the $66 billion network – without internet, you can't access bitcoin.\n\nAnd this poses a problem for bitcoin proponents who believe the cryptocurrency could be especially beneficial to people without internet, who also generally live in areas with economic instability.\n\nSo, Blockstream decided to set its sights on a solution, and found it in space.\n\nAccording to Blockstream CEO Adam Back, the project is all about putting bitcoin into the hands of those who \"desperately need\" it\n\n![](https://steemitimages.com/DQmPfLDxQt1KiGPADQ9XTMK96CmSjrZ8SUv4qogHoNpojrB/image.png)\n\nThe vision\n\nWhile running a full node is a cumbersome process, it's nonetheless the most secure and trustless way of using the digital currency, and for individuals dealing with political and economic instability, this process could prove crucial.\n\nBut because full nodes require an Internet connection and 160 GB of free space, they are a rarity in some regions of the world. There's allegedly only one man running a full node in all of West Africa, for example.\n\nWhile Blockstream is now taking care of a way to download a full node, there are a few other choice technologies those that want to take advantage of the satellite will need.\n\nUsers will need a small satellite dish – if they already have a TV satellite, they could use that – and a USB to connect the satellite to a personal computer or a piece of dedicated computer hardware such as a Raspberry Pi. The rest can be accessed through free, open-source software, such as GNU Radio for establishing a radio connection.\n\n\"The cost to entry is extremely low,\" said Blockstream's head of satellite, Chris Cook. According to him, the package of equipment costs \"a little under $100.\"\n\nThen, once users have those tools, they can pull bitcoin blocks from the satellite, building a bitcoin full node.\n\nCheaper technology\n\nBut while they'll now be running a full node, it still takes some sort of Internet connection to make transactions over the network.\n\nWhile many users in the areas Blockstream is targeting won't be able to afford mobile data connection plans to initiate transactions, Back argued cheaper communications technologies, such as SMS or bi-directional satellite, could be used instead.\n\nTransactions, he said, take up about 250 bytes, which wouldn't cost more than one penny to transfer using such technologies.\n\nIn this way, Back's vision of the satellite as bringing bitcoin even to people completely off-the-grid is theoretically possible. He offered the example of a small hut on the side of the road in the Sahara Desert in Africa, adding:\n\n*With a perpetual generator out back with a satellite dish, a Raspberry Pi by the generator, a local wi-fi hot spot, and the necessary software set up, you could be transacting globally with bitcoin.\"*\n\nSounds like a lot, but Back argued that it would be pretty cheap, especially if costs are pooled between multiple people, like if an entire village shared the costs of setting up the infrastructure that they could then all use.\n\nMonetizing space bitcoin\n\nWhile it's ambitious as is, Blockstream is taking that mission even further, adding more satellites as the year goes on, with the hope the most people on earth will be able to access a bitcoin satellite by the end of the year.\n\n\"The only people that won't be covered are those in Antarctica,\" Back said.\n\nWhile the project is technically feasible, though, is it financially so?\n\nBitcoin is admittedly a different beast, but other Internet space projects don't have a great track record so far. Although, Blockstream does have plans to monetize the satellite.\n\n\nAccording to Back, Blockstream will eventually release an API for developers and companies to send data over the satellite connection for a small bitcoin fee.\n\nHe concluded:\n\n*\"That might allow a smartphone wallet that sends messages to send it via satellite or some application to send messages via satellite. That's a way to monetize the infrastructure and to expand to more services on it.\"*\n\nSOURCE: https://www.coindesk.com/blockstream-using-satellites-beam-bitcoin-earth/",
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      "title": "Meet all Tenx team and Physical office",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@BitDice/bitdice-to-employ-iota-technology-on-its-next-generation-platform-b3ae202f2b17",
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      "title": "BitDice to begin using IOTA",
      "body": "BitDice to employ IOTA Technology on its next-generation platform\n\nWe are pleased to announce that BitDice Casino has decided to start working on integration of IOTA’s tangle to BitDice’s infrastructure for addressing a number of critical shortcomings presently available for ethereum smart-contract solutions.\nBitDice is pursuing to develop the best practical way of accommodating on-chain gaming content using unique capabilities of IOTA technology.\n![](https://steemitimages.com/DQmf3cZY8XsQ6gZQYBhFxTm2HwA2ZgDfKhwFiNJVhJ8dM9u/image.png)\n\nBitDice’s adoption of IOTA due to the superior nature of the technology should help the Casino to overcome issues related to high execution cost as well as slow speed of the games that require dynamic betting.\nAlong with adding IOTA to the list of accepted currencies, BitDice has established an R&D working group to ally with the open and vibrant IOTA community, on achieving the set out goals.\n![](https://steemitimages.com/DQmVACUbvk2xEE9mDQDnkJ54aj2an3roJg5GeavD11XoGf3/image.png)\nIn the coming weeks, BitDice will be thoroughly engaged in testing IOTA’s various application methods and will finalize adding its token to the array of available betting instruments.\nWe believe that cooperation with IOTA developers will translate into new standard of gaming experience for the user.",
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