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@noise · 3 years ago

If the IFP in Bitcoin Cash activates, it suggests that cryptocurrencies are doomed to centralization

There are many arguments against cryptocurrencies, and this is one of them: How can it be decentralized when the developer with the GitHub repo can give themselves any number of coins, arbitrarily an...

67 likes · 19 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

Historical context for the Bitcoin Cash fork in November 2020

In November 15th Bitcoin Cash will have another hardfork upgrade, and there will very likely be a split between ABC and no-IFP (often referred to as the BCHN chain). This conflict didn’t come out of...

61 likes · 29 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

The OG Bitcoin business model works fine

I took a break from the insanity that is US politics and their sociopath president and relaxed by reading Tobias Ruck’s article on how Bitcon’s original business model is broken . In a nutshell he ar...

141 likes · 64 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

Busting the myth that the IFP would've prevented the Blockstream takeover

This is a narrative that some people use to justify the IFP: The lack of IFP on Bitcoin was what allowed Blockstream to derail it But not only wouldn't the IFP have prevented the Blockstream takeov...

85 likes · 35 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

We must take ABC's misinformation campaign seriously

I'm currently reading the book Bad Blood: Secrets and Lies in a Silicon Valley Startup . It's an amazing story of how a Stanford dropout got this amazing idea to revolutionize the blood testing indus...

59 likes · 19 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

ABC are playing chicken with the Bitcoin Cash community

In the beginning there was Bitcoin. People collaborated around Satoshi's ideals and all was good. Then people started disagreeing if Bitcoin could scale, and some forked off into Bitcon Cash to pursu...

108 likes · 34 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

Grasberg will weaken the sound money properties of Bitcoin Cash

Recently Bitcoin ABC announced that they're moving ahead with the Grasberg DAA algorithm for Bitcoin Cash . There are many things I'd like to criticize about the proposal, including that it's not a...

59 likes · 24 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

The Not Invented Here Syndrome in Bitcoin Cash development

Changing the Difficulty Adjustment Algorithm (DAA) algorithm in Bitcoin Cash has been a hot topic. To understand what this means, and why it's important, please read jtoomim's excellent article on re...

70 likes · 21 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

What if Bitcoin Cash had an owner?

In my last article I argued that Bitcoin Cash is nobody's project, but we as a community collectively own and manage it. But what if there was someone who owned Bitcoin Cash? And could implement a...

90 likes · 44 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

Bitcoin Cash is nobody's project, a response to micropresident

I read micropresident's recent post The Cryptocurrency of Theseus and wanted to share my thoughts on some things I take issue with. His post is pretty long, but the TLDR is that Bitcoin Cash is Ama...

113 likes · 47 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

The fundamental technical challenge with Avalanche, and how it hinders on-chain scaling

Apart from how to integrate Avalanche with Bitcoin Cash's consensus mechanism , there is another difficult problem we face when integrating Avalanche. The problem boils to down to this simple questio...

18 likes · 8 comments

@noise · 3 years ago

Differencing between different types of 0-conf double-spends

I've noticed a disturbing trend in the discussion around 0-conf security, the risk of double-spending them and how pre-consensus would solve them. There's a bunch of hand-waving and people leaving out...

7 likes · 8 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

Don't roll your own consensus algorithm, and the dangers with pre-consensus for Bitcoin Cash

There's a famous saying in the world of cryptography that states that you should never roll your own crypto. It's popular because it's extremely hard to get it right, and you should in 99.999% of al...

16 likes · 17 comments · Bitcoin Cash (e11c)

@noise · 3 years ago

The IFP and unhealthy incentives

Recently Flipstarter has been a big success , funding the development of 4 out of 5 Bitcoin Cash full nodes, with only the ABC not reaching its goal. But despite this and the large opposition against...

12 likes · 10 comments · Bitcoin Cash (e11c)

@noise · 4 years ago

A developer's thoughts about Bitcoin Cash development

You don't know me. I've been a Bitcoin supporter for many years, way before Bitcoin Cash was created and before the big scaling debate, but I've never taken an active roll. I've only ever been a lurke...

72 likes · 53 comments

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