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The Truth About PayCoin

GAW CEO Josh Garza and his company have taken the crypto community by storm this month after their announcement of PayCoin. PayCoin (XPY) has made some headlines in the crypto community after what has been dubbed the most successful launch of an altcoin thus far.
Despite sky rocketing prices to upwards of $15 the Bitcoin community as a whole has seemed to have shunned this new self proclaimed revolutionary coin. Perhaps this is due to the mysterious nature in which Paycoin operates. Trying to gain a better understanding of this new currency I contacted XPY's creator GAW.
I have experience dealing with GAW. I purchased their Black Widow 14 Mh/s miner for a ridiculously high cost. By the time I received the hardware its price had already dropped +70% from the price I purchased it at. A lot of people lost money when buying hardware from GAW but of course GAW themselves made a killing profiting +150 M from selling the mining equipment. Proponents of XPY argue that this proves the Paycoin model has an enormous financial backing behind its development.
A grand marketing scheme paints Paycoin as the currency of the people; the currency of tomorrow. Speculation has been made solely off the fact that PayCoin has marketed itself as a currency which will be quickly adopted by the international community with ease.
PayCoin however is fundamentally different than BTC in many ways. Suspect of the whole entire operation I asked GAW what percentage of PayCoin were premined. The telephone operator told me they weren't premined they were prestaked. By that she means the currency's creators started off with their "self appointed fair share". Prestaked is a synonym for Premined. If the CEO Josh Garza decided to start himself off with say 75% of the PayCoin then he essentially just declared himself king.
We don't know the history of PayCoin there is no public ledger on a Blockchain. Its coin's entire existence seems to operate under a dark shadow of secrecy. GAW acts as the coin's creator and determiner of its fate.
PayCoin describes itself as a better alternative to Bitcoin, but is it? PayCoins are not mined like Bitcoins. They are minted, that means PayCoins are only created by generating interest. By purchasing what the company is calling hashlets one can use their system of cloud based mining to temporarily generate new coin. This is how more PayCoin are put into existence. Only GAW determines when they will sell more hashlets. So I must pay GAW to get their service they call Hashtakers which will allow you to mint new PayCoin. The more one examines this operation the more the it looks like a Ponzi scheme.
If CEO of GAW "prestaked" 10,000,000 PayCoin and sets the initial price of his currency at $20 (which is where he is placing his initial valuation) he has magically created 200 million dollars for himself and his company out of thin air. He then will only continue to make more money as users pay his company in order to put more Paycoin into existence through minting.
At every corner of the game GAW wins in this scenario, the more one begins to dissect PayCoin and the power structure behind it the more it seems like it is an elaborate scheme. After reviewing the source code many have come to the same conclusion that PayCoin is merely a clone of PeerCoin (PPC) a coin which offers fast transaction times yet has been declining in popularity in recent months. Is the recent rise of XPY just another pump and dump in the world of alt coins or is Paycoin here to stay?
Speculators have been taken back by the big engine behind the currency, however fail to see that PayCoin is different perhaps for all the wrong reasons.
PayCoin is controlled by a centralized ruling authority, the company GAW miners is its creator and ruler who rules from behind the curtain. I believe to be a viable crypto currency to the mainstream world one must gain acceptance from the crypto community that is already in existence. When the truth of how GAW dominates everything that is PayCoin comes to light it may be difficult to gain that acceptance.
submitted by OREBEL to CryptoCurrency [link] [comments]

Why aren't we more excited about Ethereum? Looking for insight (article, quotes, links herein)

Have been reading up on Ethereum after seeing how ingeniously coded Pybitcointools (Vitalik's Bitcoin library) is (if you ever want to learn how Bitcoin really works under the hood start learning Python (2.7) and within a day you're coding fun material and learning too!)
Anyway, I'm curious why Ethereum is somewhat maligned in /Bitcoin. It seems to carry all the great functionality of Bitcoin forward and aligns very well with a decentralised web.
I'll pull some quotes from this Wired 2014 article and would be interested to hear why there's reservations about Ethereum (specifically Ethereum, I'm not interested in hearing about Altcoins, shitcoins, XRP, XPY, etc and Mastercoin/ColoredCoins are discussed in the article)
"(Vitalik Buterin) [D]ecided that bitcoin was going to be a much bigger deal than most people realized, he dropped out of university and started traveling the world, jumping from bitcoin meetup to bitcoin meetup and contributing to various open source projects. Ethereum is the result of all those conversations and software experiments."
"At its core, bitcoin is a way of reliably storing and moving digital objects or pieces of information. Today, it stores and moves money"
On smart contract functionality:
"A simple example is a betting system. Two people could place bets on, say, the outcome of the Super Bowl, entrusting a certain amount of digital currency to system. The system would then check the final score of the game via the web and distribute the funds appropriately. No bookie needed." (Given the Evolution trust issues this quote seems timely.)
Re: ColoredCoins, Mastercoin:
"“I saw really smart people whacking their heads against the wall at Colored Coins, and eventually, I realized people are having such a hard time not because the problem is hard,” he says. “The problem is easy. People are having a hard time because bitcoin is a bad protocol to build this stuff onto.”
Article LINK:
So, /Bitcoin..
If Ethereum
  1. ...offers solutions for smart contracts through a superior scripting language and implementation, making DNM exit scams a thing of the past
  2. about decentralised everything on the Web
  3. ...furthers the Bitcoin experiment by building on strengths (blockchain, decentralization) and learning from weaknesses
...why isn't everyone excited to see Ethereum persevere?!
submitted by AussieCryptoCurrency to Bitcoin [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
Web | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal


Switcheo (SWH) - Listing on March 29, 2018
UCOT (UCT) - Listing on BitZ March 30, 2018
QLINK(QLC) Coinnest Listing March 30, 2018
Cryptocurrencies (CRYPTO) Sydney Bitcoin Conference March 29, 2018
Bitcoin(BTC) Bitcoin (BTC) - Blockchain & Bitcoin Conference Kyiv March 29, 2018
Wings(WINGS) Blockchain & Bitcoin CON March 29, 2018
Wings(WINGS) Blockchain & Bitcoin Conference Kyiv March 29, 2018
Bitcoin(BTC) CME: March Last Trade March 29, 2018
OmiseGO(OMG) Omisego (OMG) - Ethereum Community Fund March 29, 2018
Golem(GNT) Ethereum Community Fund March 29, 2018
Edgeless(EDG) Edgeless Platform Launch March 29, 2018
Edgeless(EDG) Launch Edgeless 1.0 March 29, 2018
Bread(BRD) Community AMA March 29, 2018
LIFE(LIFE) Life (LIFE) - Q&A Session March 29, 2018
Databits(DTB) Token Holder Alpha March 29, 2018
Databits(DTB) Alpha Testing Opens March 29, 2018
Russian Miner Coin(RMC) Stolypin Forum March 29, 2018
Bela(BELA) Swap March 29, 2018
Nebulas(NAS) Mainnet Launch March 29, 2018
QLINK(QLC) QLINK Trading Competition on Binance March 29, 2018
HEROcoin(PLAY) Prague Gaming Summit 2018 March 29, 2018
Selfkey(KEY) Community AMA March 29, 2018
Blockport(BPT) Blockport Beta Launch March 29, 2018
Alphacat(ACAT) Hotbit Alphacat Competition March 29, 2018
Credits(CS) Pre-Beta Version of The Platform March 29, 2018
Credits(CS) Platform Pre-Beta Release March 29, 2018
Insights Network(INSTAR) Partnership Announcement March 29, 2018
Banca(BANCA) Banca AMA March 29, 2018
Tether(USDT) Delisting from BitZ March 30, 2018
Ark(ARK) HackPrinceton Spring-2018 March 30, 2018
PIVX(PIVX) zPIV Will Be Deactivated March 30, 2018
Substratum(SUB) Product Update March 30, 2018
Aion(AION) Meet-up in Beijing March 30, 2018
ETHLend(LEND) Collateral Token Competition End March 30, 2018
CyberMiles(CMT) Live Broadcast March 30, 2018
ClearPoll(POLL) Forbes Article March 30, 2018
SportyFi(SPF) SportyCo (SPF) Platform Launch March 30, 2018
Eroscoin(ERO) New Website Design March 30, 2018
QLINK(QLC) Qlink (QLC) - QLC/KRW Pair on Coinnest March 30, 2018
QLINK(QLC) New Pair QLC/KRW on Connest March 30, 2018
Everus(EVR) BaaS Platform March 30, 2018
Zeepin(ZPT) Zeepin Community AMA March 30, 2018
Bitcoin White(BTW) Consensus Update March 30, 2018
Insights Network(INSTAR) Community AMA March 30, 2018
Ontology(ONT) Source Code on Github March 30, 2018
Flash(FLASH) Flash Community AMA in Discord March 30, 2018 4:00 AM - 11:59 PM
Bitcoin(BTC) CryptoConscious 2018 March 30, 2018 1:00 PM - April 2, 2018 11:59 PM
Ethereum(ETH) ETH CommunityFund Meeting March 29, 2018
ICON(ICX) Tokyo Meetup March 29, 2018
Aion(AION) Shanghai Meetup March 29, 2018
Iconomi(ICN) Managers Meetup in London March 29, 2018
ALIS(ALIS) ALIS (ALIS) ALIS San Francisco Meetup March 29, 2018
ALIS(ALIS) ALIS San Francisco Meetup, USA March 29, 2018
ALIS(ALIS) ALIS Silicon Valley Meetup, USA March 30, 2018 1:00 AM - 3:30 AM
SolarCoin(SLR) SPV Wallet March 29, 2018
indaHash(IDH) Coin Integration App March 29, 2018
Insights Network(INSTAR) Wallet V1 March 29, 2018
Insights Network(INSTAR) INSTAR Wallet Release March 29, 2018
Insights Network(INSTAR) INSTAR Wallet V1 Release March 29, 2018
Insights Network(INSTAR) Wallet/Website/Partners March 29, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
Wallet Removing from Bittrex March 30, 2018
ZenCash(ZEN) ZENCASH ($ZEN) MOBILE WALLET March 30, 2018
Neumark(NEU) Wallet Removing from Bittrex March 30, 2018
Sprouts(SPRTS) Wallet Removing from Bittrex March 30, 2018
Neutron(NTRN) Wallet Removing from Bittrex March 30, 2018
Unobtanium(UNO) Wallet Removing from Bittrex March 30, 2018
Xaurum(XAUR) Wallet Removing from Bittrex March 30, 2018
UFO Coin(UFO) Wallet Removing from Bittrex March 30, 2018
AudioCoin(ADC) Wallet Removing from Bittrex March 30, 2018
MazaCoin(MZC) Wallet Removing from Bittrex March 30, 2018
Darcrus(DAR) Wallet Removing from Bittrex March 30, 2018
Megacoin(MEC) Wallet Removing from Bittrex March 30, 2018
Bata(BTA) Wallet Removing from Bittrex March 30, 2018
FuelCoin(FC2) Wallet Removing from Bittrex March 30, 2018
TeslaCoin(TES) Wallet Removing from Bittrex March 30, 2018
Digitalcoin(DGC) Wallet Removing from Bittrex March 30, 2018
UltraCoin(UTC) Wallet Removing from Bittrex March 30, 2018
MaxCoin(MAX) Wallet Removing from Bittrex March 30, 2018
CannaCoin(CCN) Wallet Removing from Bittrex March 30, 2018
Titcoin(TIT) Wallet Removing from Bittrex March 30, 2018
Truckcoin(TRK) Wallet Removing from Bittrex March 30, 2018
Orbitcoin(ORB) Wallet Removing from Bittrex March 30, 2018
SoonCoin(SOON) Wallet Removing from Bittrex March 30, 2018
AmsterdamCoin(AMS) Wallet Removing from Bittrex March 30, 2018
8Bit(8BIT) Wallet Removing from Bittrex March 30, 2018
PayCoin(XPY) Wallet Removing from Bittrex March 30, 2018
Blakecoin(BLC) Wallet Removing from Bittrex March 30, 2018
Sterlingcoin(SLG) Wallet Removing from Bittrex March 30, 2018
There are more events but this message got too long
submitted by cryptocalbot to CryptoMarkets [link] [comments]


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Subreddit Stats: btc top posts from 2016-11-05 to 2016-12-04 23:06 PDT

Period: 29.76 days
Submissions Comments
Total 1000 26468
Rate (per day) 33.61 875.03
Unique Redditors 395 1784
Combined Score 46892 99911

Top Submitters' Top Submissions

  1. 2360 points, 29 submissions: ydtm
    1. u/jessquit to u/nullc "You're so fucking shameless, devoting your career to crippling one of the most disruptive inventions since the Internet to please your investment team. Watching you go down in flames will be one of the great moments in computer science. Your legacy will be a monument of shame" (214 points, 40 comments)
    2. Suggestion for new terminology. Instead of saying "small blocks" vs "big blocks", we could say: "centrally planned blocksize" vs "market-based blocksize". This will make it clear that some solutions are based on markets and economics, and other solutions are based on central planning. (195 points, 64 comments)
    3. Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both. (180 points, 35 comments)
    4. Letting FEES float without letting BLOCKSIZES float is NOT a "market". A market has 2 sides: One side provides a product/service (blockspace), the other side pays fees/money (BTC). An "efficient market" is when players compete and evolve on BOTH sides, approaching an ideal FEE/BLOCKSIZE EQUILIBRIUM. (153 points, 42 comments)
    5. Previously, Greg Maxwell u/nullc (CTO of Blockstream), Adam Back u/adam3us (CEO of Blockstream), and u/theymos (owner of r\bitcoin) all said that bigger blocks would be fine. Now they prefer to risk splitting the community & the network, instead of upgrading to bigger blocks. What happened to them? (149 points, 66 comments)
    6. "Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelt (124 points, 80 comments)
    7. Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream. (119 points, 182 comments)
    8. u/Luke-Jr: "The best available here is currently 5Mb down + 512k up DSL." // u/TruthReasonOrLies: "You seem to want to hold back the network development and growth to support those who are the least likely to run full nodes or mining." (114 points, 45 comments)
    9. The Bitcoin community is talking. Why isn't Core/Blockstream listening? "Yes, [SegWit] increases the blocksize but BU wants a literal blocksize increase." ~ u/lurker_derp ... "It's pretty clear that they [BU-ers] want Bitcoin, not a BTC fork, to have a bigger blocksize." ~ u/WellSpentTime (90 points, 41 comments)
    10. Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life. (88 points, 26 comments)
  2. 2261 points, 29 submissions: blockologist
    1. Gavin Andresen on Twitter: bitcoin is an echo chamber and should be boycotted (371 points, 69 comments)
    2. Gavin Andersen: Eitheor : ignore! (205 points, 41 comments)
    3. Coinbase - Protecting Customer Privacy: "we will oppose the government’s petition in court" (201 points, 28 comments)
    4. LOL u/peoplma predicted the r\Bitcoin front page perfectly nearly a year ago (178 points, 22 comments)
    5. David Jerry on Twitter: Want real evidence of echo chamber censorship on Bitcoin? @gavinandresen posted identical opposite tweets btc has both, bitcoin only 1 (174 points, 45 comments)
    6. Bitcoin Scaling Solution Segwit a “Bait and Switch”, says Roger Ver (120 points, 110 comments)
    7. Holy cow! ViaBTC raised over 90 btc in less than 24hrs for their Bitcoin Unlimited cloud mining program (104 points, 40 comments)
    8. "You don't have to wear a tin-foil hat to see that core has been pushing for some things which change the fundamental economic policies of bitcoin; changes which a substantial portion of the community is against." - u/jratcliff63367 (103 points, 82 comments)
    9. Brian Hoffman on Twitter: The fact that the Bitcoin community argues so vehemently that there is no possible alternative to the Core path shows their shortsightedness (88 points, 6 comments)
    10. Andrew Lee ( CEO) on Twitter: Multiple compatible implementations will Make Bitcoin Great Again (83 points, 16 comments)
  3. 2176 points, 12 submissions: BeijingBitcoins
    1. 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 (625 points, 125 comments)
    2. /btc exclusive: Photos of a bitcoin mining operation in rural China (398 points, 101 comments)
    3. BU lead developer Andrew Stone: A Short Tour of Bitcoin Core (232 points, 144 comments)
    4. "The Community Has Spoken" (166 points, 65 comments)
    5. BashCo explains that if you want to discuss non-Core software on /Bitcoin, you must submit a BIP, get a BIP number, wait for peer review, modify BIP, more peer review, start serious coding, start testing, more peer review... then you may discuss it once it is "deemed safe." (163 points, 133 comments)
    6. "I'm not aware of any problem." -Greg Maxwell (158 points, 64 comments)
    7. Yet another example of censorship in /bitcoin. It is no longer possible to believe that the discussion in that subreddit is in any way honest or representative of community opinion. (123 points, 56 comments)
    8. "Segwit Blockers" is a pejorative term which automatically shifts debate to imply that one side is correct and the other is blocking progress. (120 points, 140 comments)
    9. Another post censored from /bitcoin. I'd like to know which rules were broken or what made my comment unacceptable. (71 points, 26 comments)
    10. spez: "We are taking a more aggressive stance against toxic users and poorly behaving communities." -- I wonder if this will apply to Theymos and /bitcoin? (57 points, 20 comments)
  4. 1861 points, 34 submissions: Egon_1
    1. It would be incredibly unfortunate if organic growth in Bitcoin gets dismissed as spam attacks because of suspicion about people's agendas. (146 points, 33 comments)
    2. Is it just me or is anyone else noticing that some of the Core developers are saying 'Bitcoin's creator' instead of saying Satoshi? (139 points, 67 comments)
    3. "It's not really "segwit blockers", it's more "segwit ignorers". The difference is one of not seeing Core as some Reference Code." (135 points, 32 comments)
    4. "Upcoming AMA with Bitcoin Unlimited devs in Chinese Community 8BTC, Nov 19 at 8-10AM Beijing Time" (127 points, 9 comments)
    5. So discussing block size increase is too controversial for /bitcoin but suggesting algorithm change is not? • /Bitcoin (125 points, 76 comments)
    6. "The Bitcoin Unlimited implementation excludes RBF as BU supports zero-confirmation use-cases inherent to peer-to-peer cash." (119 points, 101 comments)
    7. ... Segwit as a SF tries to make non-segwit txs more expensive relative to segwit txs to 'discourage' their use (100 points, 86 comments)
    8. Sergio."Also @Blockstream hid the fact they had applied for the patent. That's misleading (deceptive?). DPL was necessary to protect reputation(1/2)" (93 points, 42 comments)
    9. "Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted." (88 points, 43 comments)
    10. If you're working on BTC remittances or micropayments under the current regime of increasing fees, you're going to have a bad time. (88 points, 28 comments)
  5. 1791 points, 25 submissions: realistbtc
    1. the systematic censorship policy of r\bitcoin is one of the clearest proof of the technical inferiority of blockstream core prescribed solutions : if they were just better , there would be no need for such policy . (219 points, 74 comments)
    2. on Twitter - ' We say one thing, we lose half our customers. We say another thing, we lose the other half. Thanks bitcoin censorship that isn't a problem! ' (202 points, 134 comments)
    3. Gavin Andresen on twitter : " Any studies on company success versus amount of posts from C-level execs on Reddit or Twitter?" - " My intuition is 'too much' is bad-- sign of distracted leadership, especially for CTO " (186 points, 70 comments)
    4. just so you know , now nullc is calling jtoomim a scammer : character assassination is a standard operational mode of the guys from blockstream . (129 points, 54 comments)
    5. luke-jr acknowledge that block latency isn't a problem anymore : " block latency has been a big issue in the past as well, but presumably compact/xthin blocks has solved it " - we have to thanks the BU team for that , that in turn pressed blockstream core to finally do something too (116 points, 32 comments)
    6. A glimpse into the mind of greg maxwell : " .... since you're never going to think highly of me again I can continue to whatever I think is right without the burden of explaining myself to a shreaking mass of people. " (wikipedia history , jan 2006 ) (83 points, 67 comments)
    7. after days , segwit signaling is oscillating between 15-25% . that's a far cry from what blockstream core was expecting . if they were ready to label a 10% resistance ' blockers' , now they will have to come to terms with the fact that thir proposal is simply not good enough . (79 points, 33 comments)
    8. slush on Twitter : ' Just ask BU devs to stop blocking Segwit.' - please stop mining at slush and buying trezors - slush has fallen to the blockstream cartel dark side (78 points, 256 comments)
    9. Jihan Wu on Twitter : " BTCC management team killed its no.1 position by raising fees while everyone wanted to trade in 2013Q4. Similar stupid mindset, right? " (78 points, 9 comments)
    10. Jihan Wu on Twitter : " My partner doesn't have pw of my Twitter to del twits, so Samson Joker pls focus on trolling and destroying BTCC, and not pm him any more. " (72 points, 18 comments)
  6. 1375 points, 17 submissions: MemoryDealers
    1. PSA: Even CEOs of major Bitcoin companies are unaware of the suppression of discussion by Theymos and supported by Core supporters. (209 points, 97 comments)
    2. When /bitcoin started the censorship, they prevented honest discussion, split the community, and dramatically slowed down Bitcoin's progress (167 points, 125 comments)
    3. The Pool now has over 40 Peta hashes, and 2% of the global hash rate. Some users are reporting being paid as much as 8.5% more bitcoin than other pools. (132 points, 30 comments)
    4. The pool has mined over 100 blocks, and nearly 1,500 BTC so far. Looking to come out of closed beta soon. (132 points, 68 comments)
    5. /Bitcoin user caught misrepresenting and lying to attack on chain scaling supporters again (115 points, 97 comments)
    6. As Bitcoin user & enthusiast, I'd be grateful to Core, @Blockstream, and all miners if they would just stick to Satoshi's original plan. Pls RT (92 points, 126 comments)
    7. An interview with Bitcoin Unlimited Developer Andrew Stone (86 points, 24 comments)
    8. Coming very soon: More Cash for your Hash (79 points, 26 comments)
    9. The free On Chain Scaling conference starts today at 17:00 GMT! (78 points, 74 comments)
    10. An example of how a Core supporter intentionally misrepresents the truth to support his position. (71 points, 95 comments)
  7. 1239 points, 46 submissions: chinawat
    1. Why against SegWit and Core? Jiang Zhuo’er, who invested millions in mining, gives his answers. • x-post from /Bitcoin (151 points, 133 comments)
    2. "It is too early to talk about the tx fee market before Bitcoin is accepted across the world." - ViaBTC on Twitter (124 points, 13 comments)
    3. /HailCorporate gets wind of /Bitcoin censorship, theymos attempts to justify and downplay his behavior (92 points, 10 comments)
    4. Here we go again. My mempool is just exceed 33k. Prepare for transaction delay posts. (69 points, 48 comments)
    5. jstolfi is at it with the SEC again (48 points, 125 comments)
    6. New York is Gradually Losing its Shot at Becoming a Global Bitcoin Hub (45 points, 8 comments)
    7. /Bitcoin SegWit narrative shifting -- regulars now claiming signaling and activation was always expected to be slow (43 points, 35 comments)
    8. "There's Chaos Everywhere" - Indians Angry As ATMs Run Dry After Cash Ban (39 points, 11 comments)
    9. ViaBTC's Transaction Accelerator Test Results • x-post from /Bitcoin (39 points, 12 comments)
    10. Wikileaks latest insurance files don't match hashes (x-post from /crypto) (38 points, 1 comment)
  8. 1115 points, 12 submissions: BiggerBlocksPlease
    1. Another successful hard fork by Ethereum occurred today. Protocol upgrades are possible. Don't listen to lies from entrenched interests that say otherwise. (202 points, 78 comments)
    2. I think if it comes down to it, Core would rather remain in control, even if it means introducing a small blocksize increase, as opposed to losing control entirely. We should not lose sight of our larger goals no matter what carrots they throw our way: We need a new, un-corrupt dev team. (177 points, 65 comments)
    3. Bitcoin Core Devs can't just say the price of Bitcoin should be stuck at $100 per coin. The market decides. Just like Core shouldn't say the size of a block is stuck at 1MB. The market should decide! Take centrally planned actors OUT of the equation. This is Bitcoin-- Not the Federal Reserve. (145 points, 39 comments)
    4. Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows. (120 points, 34 comments)
    5. Miner Jiang Zhou'er: "I can conclude with great confidence: SegWit will never ever be activated. Even in 75% or 51% scenarios it will not be alive. ..some people are destined to be nailed up on the pillar of humiliation." (95 points, 63 comments)
    6. We need more exclusive content for /btc with watermarks stating against censorship in /bitcoin. The new content will be effective in spreading the word! (79 points, 32 comments)
    7. No one (except the market) knows what the price of Bitcoin should be, just like no one (except the market) knows what the size of blocks should be. Bitcoin Unlimited allows a market-decided blocksize. Bitcoin Core allows a centrally planned blocksize. (74 points, 20 comments)
    8. MYTH: "Bitcoin Unlimited isn't meant for mining." -- FACT: ViaBTC has been mining with BU and has the best performance of ALL pools. [see link inside] (71 points, 61 comments)
    9. It is likely a Core-affiliated extremist will attack pools mining Bitcoin Unlimited blocks. I recommend Pool goes live ASAP, with over 10% hashrate, so we have multiple pools for redundancy. 10-12% hashrate is not enough in the face of attackers who try to artificially activate Segwit. (64 points, 52 comments)
    10. Theymos: "I know how moderation affects people" ... "This is improved by the simultaneous action on, and" (2015) (59 points, 43 comments)
  9. 1111 points, 52 submissions: knight222
    1. ViaBTC: "I think the most important thing is BU has the support of Bitmain and F2pool, they have said privately they will switch to BU, I am very much looking forward to the arrival of that day." (86 points, 68 comments)
    2. /BTC Enthusiasts Want The /Bitcoin Moderators Gone Once And For All (77 points, 9 comments)
    3. Total Bitcoin Transaction Volume Surpassed US$100bn in September (53 points, 17 comments)
    4. Fedora Receives Its Own Electrum Bitcoin Wallet Client (50 points, 4 comments)
    5. IRS Demands Records of 4.8 Million Bitcoin Users over 3 Alleged Tax Dodgers (43 points, 4 comments)
    6. Several Mycelium Users Report Unusually High Bitcoin Transaction Fees (40 points, 38 comments)
    7. Overstock Reveals Latest Effort Within the Bitcoin Space (40 points, 2 comments)
    8. EY Switzerland, World Top Four Accounting Firm, to Accept Bitcoin (40 points, 2 comments)
    9. Chinese dominance in the blockchain space now includes startup investments (36 points, 0 comments)
    10. Will Bitcoin Become the new "Swiss Bank Account"? (31 points, 10 comments)
  10. 939 points, 5 submissions: JohnBlocke
    1. John Blocke: A (brief and incomplete) history of censorship in /Bitcoin (461 points, 251 comments)
    2. Peter Todd in 2013: "If I were the US Government and had co-opted the "core" Bitcoin dev team, you know what I'd do?..." (158 points, 85 comments)
    3. UPDATE: Coindesk & Bitcoin Magazine still have not mentioned the $1.2 million donated by members of the Bitcoin industry to fund protocol development. What is their agenda? (118 points, 23 comments)
    4. John Blocke: Echo Chambers (116 points, 53 comments)
    5. Bitcoin companies pledge to donate $1.2M USD to protocol development, and not a peep from the bitcoin media? (86 points, 21 comments)

Top Commenters

  1. Noosterdam (3181 points, 564 comments)
  2. H0dlr (2189 points, 354 comments)
  3. ViaBTC (1994 points, 65 comments)
  4. seweso (1887 points, 377 comments)
  5. todu (1883 points, 365 comments)
  6. Helvetian616 (1662 points, 265 comments)
  7. Ant-n (1554 points, 453 comments)
  8. dskloet (1521 points, 230 comments)
  9. MemoryDealers (1500 points, 104 comments)
  10. Egon_1 (1475 points, 134 comments)

Top Submissions

  1. 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 by BeijingBitcoins (625 points, 125 comments)
  2. John Blocke: A (brief and incomplete) history of censorship in /Bitcoin by JohnBlocke (461 points, 251 comments)
  3. /btc exclusive: Photos of a bitcoin mining operation in rural China by BeijingBitcoins (398 points, 101 comments)
  4. Gavin Andresen on Twitter: "I'm happy to see Bitcoin Unlimited gaining popularity, and hope their decentralized market-based approach gets adopted." by sandakersmann (376 points, 184 comments)
  5. Gavin Andresen on Twitter: bitcoin is an echo chamber and should be boycotted by blockologist (371 points, 69 comments)
  6. I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything! by ViaBTC (337 points, 858 comments)
  7. Bitcoin Classic is Back! by ThomasZander (279 points, 92 comments)
  8. Problem? No problems here. by mohrt (246 points, 105 comments)
  9. nullc is actively trying to delete Satoshi from history. First he assigned all satoshi commits on github to himself, then he wanted to get rid of the whitepaper as it is and now notice how he never says "Satoshi", he says "Bitcoin's Creator". by blockstreamcoin (243 points, 243 comments)
  10. Censorship test from Gavin: post two positive things one about BU and another about SW, and see what happens by chakrop (240 points, 69 comments)

Top Comments

  1. 206 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  2. 118 points: solex1's comment in Gavin Andresen on Twitter: "I'm happy to see Bitcoin Unlimited gaining popularity, and hope their decentralized market-based approach gets adopted."
  3. 110 points: viners's comment in "It cannot be permitted to work." nullc
  4. 97 points: jstolfi's comment in Is LN vaporware and if not why do posters keep saying it is? (x-post from bitcoin)
  5. 95 points: satoshis_sockpuppet's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  6. 91 points: dskloet's comment in Cannot wait for Core trolls who don't understand queue theory to lose it. Grab your popcorn as we finally approach 100% utilization and an ever increasing backlog.
  7. 90 points: BitcoinXio's comment in I love Bitcoin
  8. 86 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  9. 85 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  10. 82 points: Noosterdam's comment in John Blocke: A (brief and incomplete) history of censorship in /Bitcoin
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