@Zakmcrofl

@ZakMcRofl · 1 month ago

Background I wanted to reflect on the events of yesterday, March 22nd 2024 on /r/btc . It started out with u/althornton2462 returning from a longer hiatus and presumably being upset about seeing...

6 likes · 4 comments

@ZakMcRofl · 2 years ago

The history of eCash and why it is a risky coin

I am writing this article to inform those who are investing into eCash with little to no knowledge about the background of eCash. Given the history, it is hard for me to be unbiased but I will neverth...

8 likes · 1 comments

(comment) Could you not steal my article please?

@ZakMcRofl 3 years ago

(comment) Wow, I knew you were building oracles but I wasn't aware that they are ready for production. That's really cool that the first building block is basically there already.

@ZakMcRofl 3 years ago

(comment) Thank you Marc, and thank you for your VERY generous donation. Insane ;-)

@ZakMcRofl 3 years ago

(comment) I am aware that there are technical challenges to solve. But even today I could give you a batch of pre-signed transactions that you could release to the network once a certain block height is reach...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

Why Bitcoin Cash needs recurring payments and a roadmap that goes beyond protocol features

The world's most famous Porn site, Pornhub, has recently received some well-deserved bad press for not reacting properly when people upload illegal content to its site . As a reaction to this, major...

104 likes · 49 comments

(comment) We recently witnessed something that's never happened in the 12 year history of Bitcoin. An entire community forking together at the drop of a hat to get rid of a single bozo. Not sure if this...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

Will Bitcoin miners allow a rogue development team to steal their block rewards

Disclaimer Even though the source of this event is the BCH community, its outcome will also affect all SHA-256-mined coins like Bitcoin BTC and Bitcoin SV. Please read this carefully even if you disl...

36 likes · 8 comments

@ZakMcRofl · 3 years ago

Analysis of "The Global Network Council framework"

Background As you may know, Bitcoin ABC has changed their code to attempt to funnel 8% of all coinbase rewards into their control beginning November 15th. Since almost all other BCH community project...

91 likes · 14 comments · Bitcoin Cash (e11c)

(comment) Also, Amaury will have to pay taxes on the 8% he syphons from the network. Depending on who the address belongs to (him or ABC). Either way I can imagine this getting ugly for him if the revenue gen...

@ZakMcRofl 3 years ago

(comment) Thats not true, because of the various difficulty adjustment methods. Simplifications: 1 block earns 1 Bitcoin/BCH, BTC is worth 10k, BCH 1k, the IFP is 10%. Every 10 minutes, miners now earn 10k...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

How Bitcoin Cash should defend against the hostile takeover attempt by rogue developer Amaury Séchet

Now the Bitcoin Cash community knows where it stands. In the last weeks, many major pools mining BCH vowed to defend Bitcoin Cash against the attempted hostile takeover of its community by Bitcoin...

17 likes · 12 comments · Bitcoin Cash (e11c)

(comment) Thank you so much for your generous donation, I just re-logged in and saw it (shocked!). I would do it without the finanical incentives too, I write these articles because I believe in the version o...

@ZakMcRofl 3 years ago

(comment) I understand why some people may not be too concerned about this specific decision, but that doesn't mean the politics are not relevant to them. When reflecting upon how this affects you, you should...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

Rogue Bitcoin Cash developer adds contentious code attempting to syphon $8m per year

TL;DR If you are using Bitcoin ABC, you should migrate to BCHN (or others) before November because Bitcoin ABC will stop following the BCH blockchain if not every block contains a forced payment towa...

151 likes · 73 comments · Bitcoin Cash (e11c)

(comment) This is a great collection, thanks. Please add this link https://read.cash/@Bitcoin.com/to-our-customers-regarding-the-bitcoin-cash-network-upgrade-in-november-47879f0f

@ZakMcRofl 3 years ago

(comment) Interesting writeup, I appreciate to actually hear some arguments for the ABC side because it gives us a chance to discuss them. Bitcoin Cash is a system built on incentives. BCH doesn't care ab...

@ZakMcRofl 3 years ago

(comment) Yes, the article came out a few minutes (or maybe 1-2 hours) before the meeting.

@ZakMcRofl 3 years ago

(comment) Nice writeup but ultimately not very constructive for the following reasons: In an open source project, enforcing a fee is hard (it can just be removed from the source code before compilation)...

@ZakMcRofl 3 years ago

(comment) Hi George, I agree with many of your points here, thanks for writing this up and being so honest about the relationship with Amaury. I am curious to hear how you expect us to prevent a fork. To pull...

@ZakMcRofl 3 years ago

(comment) Very insightful. More than personally pledging to get rid of any ABC coins, we need to convince the wallet developers to implement aserti3-2d. If no wallet supports the ABC side, why would any excha...

@ZakMcRofl 3 years ago

(comment) Honestly, I was hoping that this is the case and it is a relief to me. I will add this to my article. I think you have great potential to influence ABC for the better from within which in turn will...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

Roger Ver's 3rd BCH anniversary keynote and his position on raising the block time

As part of the 3 year BCH anniversary event " BCH:Scaling the Globe: 2020 Bitcoin Cash Conference & ForkDay Celebration ", Roger Ver gave a keynote speech. It is a 12 hour video and it was very easy...

78 likes · 31 comments

(comment) You wrote so much yet you didn't address any of the points I made. Let me addresse your points: A PR person that fails to see any flaw on the side he represents is a waste of resources. He should tr...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

A non-technical analysis of ASERT vs Grasberg

ftrader wrote an article comparing the technical aspects of ASSERT vs Grasberg. While I agree with most of the technical arguments presented, the even bigger problem is the leadership failure demons...

23 likes · 3 comments · Bitcoin Cash (e11c)

(comment) Because for a developer that step is trivial, both implementations are almost identical and Amaury can test, run and play around with BCHN just as easily as with ABC code. Also these discussions are...

@ZakMcRofl 3 years ago

(comment) So please be constructive and give us some transparency: How many people work full time (paid) for Bitcoin ABC? What is the legal entity behind Bitcoin ABC? Who are the shareholders of that...

@ZakMcRofl 3 years ago

@ZakMcRofl · 3 years ago

The motivation for developing Bitcoin Cash

When watching the Bitcoin ABC live stream from Juli 3rd, a statement by Amaury Séchet brought me closer to understanding the current conflicts in the Bitcoin Cash scene. Should the people that work...

7 likes · 9 comments

(comment) "Ascertained if they were in fact a "public good" (by the technical definition). " If you look at the BCH ecosystem and only identify ABC, BCHD and Electron Cash as a public good, you didn't look ve...

@ZakMcRofl 3 years ago