Bitcoin Payment Solutions (BIPS) hacked, $1 ... - Hacker News

Bitcoin total supply has been tweaked after the instant approval of BIP 20200401. The FED’s money printers inspired the unnamed coder. BTC now overtaken by a new utility token, TPT.

Bitcoin total supply has been tweaked after the instant approval of BIP 20200401. The FED’s money printers inspired the unnamed coder. BTC now overtaken by a new utility token, TPT. submitted by Cryptocove254 to CryptoCurrencies [link] [comments]

Ivan on Tech - BITCOIN INSANE UPGRADE!! 🛑 New BIPs Explained by Programmer

Ivan on Tech - BITCOIN INSANE UPGRADE!! 🛑 New BIPs Explained by Programmer submitted by Yanlii to cryptovideos [link] [comments]

BITCOIN INSANE UPGRADE!! New BIPs Explained by Programmer

BITCOIN INSANE UPGRADE!! New BIPs Explained by Programmer submitted by cryptocoingrowth to cryptocoingrowth [link] [comments]

https://bips.moneybrain.com/ To all our Russian contributors we now have confirmation that you can participate in the BiPS project. Confirmation has also been given that there are no maximum investment restrictions for qualified investors. https://news.bitcoin.com/russians-to-be-allowed-ico-investm

submitted by ritiktakyan to ico [link] [comments]

https://bips.moneybrain.com/ To all our Russian contributors we now have confirmation that you can participate in the BiPS project. Confirmation has also been given that there are no maximum investment restrictions for qualified investors. https://news.bitcoin.com/russians-to-be-allowed-ico-investm

submitted by ritiktakyan to Crypto_ico [link] [comments]

11-26 05:03 - 'Any btc approach ir bip to support 0-conf tx like bch' (news.bitcoin.com) by /u/Sonicthoughts removed from /r/Bitcoin within 5-15min

Any btc approach ir bip to support 0-conf tx like bch
Go1dfish undelete link
unreddit undelete link
Author: Sonicthoughts
submitted by removalbot to removalbot [link] [comments]

#crypto #cryptonews #bitcoin #New draft BIP that cuts node bandwidth and allows increased privacy and robustness via efficient reconciliation relay.

submitted by nrposter to Cryptoandme [link] [comments]

@BittrexExchange; Bitcoin wallet disabled until after BIP-91 is settled. ..this is good news, right?

@BittrexExchange; Bitcoin wallet disabled until after BIP-91 is settled. ..this is good news, right? submitted by seabasscan to Bitcoin [link] [comments]

multiple new BIP proposals coming up on day 2 of scaling bitcoin HK

Day 2 is where the BIP proposals are being presented:
09:05 HKT "Segregated witness and its impact on scalability" Pieter Wuille pwuille
seg-witness transcript: http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/segregated-witness-and-its-impact-on-scalability/
seg-witness slides: https://prezi.com/lyghixkrguao/segregated-witness-and-deploying-it-for-bitcoin/
seg-witness BIP code: https://github.com/sipa/bitcoin/commits/segwit
12:10 HKT "A bevy of block size proposals: 100, 102 and more." Jeff Garzik jgarzik
BIP survey slides: http://www.slideshare.net/jgarzik/a-bevy-of-block-size-proposals-scaling-bitcoin-hk-2015
survey transcript: http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/a-bevy-of-block-size-proposals-bip100-bip102-and-more/
12:45 HTK "A flexible limit: Trading subsidy for larger blocks" Mark Friedenbach maaku7
flexcap BIP transcript: http://diyhpl.us/wiki/transcripts/scalingbitcoin/hong-kong/a-flexible-limit-trading-subsidy-for-larger-blocks/
livestreams: https://scalingbitcoin.org/hongkong2015/live
IRC questions/discussion: #bitcoin-workshops
submitted by adam3us to Bitcoin [link] [comments]

World Crypto Network - The Bitcoin News Show #64 - Miner Investigation, Debit Card Shutdown, Bitpay using BIP 70

World Crypto Network - The Bitcoin News Show #64 - Miner Investigation, Debit Card Shutdown, Bitpay using BIP 70 submitted by Yanlii to cryptovideos [link] [comments]

New Bitcoin Improvement Proposal (BIP) may reduce transaction bandwidth by 75%

submitted by leftok to atbitcoin [link] [comments]

World Crypto Network - The Bitcoin News Show #61 - Lightning spec 1.0, Sidechain BIP, Bitfury's new data center

World Crypto Network - The Bitcoin News Show #61 - Lightning spec 1.0, Sidechain BIP, Bitfury's new data center submitted by Yanlii to cryptovideos [link] [comments]

9 hours ago on r/bitcoin "we may be about to experience a serious drop in the exchange market on the news of the first BIP 101-flagged block".. Downvoted to -5, and yet...

9 hours ago on bitcoin submitted by infected_scab to Buttcoin [link] [comments]

New BIP could be the end of Bitcoin addresses

Netki and breadwallet have been working on an extension to BIP70 which would allow developers and UX designers to move away from traditional Bitcoin addresses and let users specify a recipient using something similar to an e-mail address--without compromising privacy or security, which is the biggest problem with the static Bitcoin addresses of today.
The idea is pretty simple: if we could expand the payment request standard to support encryption, wallets could share payment addresses through a third party intermediary without risking a man-in-the-middle attack or divulging any private information. Servers (like e-mail servers, tied to a domain using DNS) would route these messages between devices, allowing wallets to request and receive a unique payment address for every transaction. All the requester would need is the payee's human-friendly identifier (something like an e-mail address).
We wanted the protocol to be as flexible as possible, so we designed it with additional use cases in mind. Maybe someone wants to work on a distributed address book service, so we don't even need servers? Maybe someone could tie the service to Facebook or Twitter, so sending a Bitcoin payment is as easy as choosing the handle of the recipient? Accepting this BIP would open the door to many creative solutions down the road and make Bitcoin much more user-friendly.
The proposal has already been submitted to the mailing list, and an easy-to-understand blog post can be found here: https://medium.com/@handlerjeff7/a-bitcoin-improvement-proposal-258db3faa5db
The actual BIP can be seen in full here: https://github.com/techguy613/bips/blob/mastebip-invoicerequest-extension.mediawiki
We look forward to any thoughts or feedback from the community!
submitted by keatonatron to Bitcoin [link] [comments]

@BittrexExchange; Bitcoin wallet disabled until after BIP-91 is settled. ..this is good news, right? /r/Bitcoin

@BittrexExchange; Bitcoin wallet disabled until after BIP-91 is settled. ..this is good news, right? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The /r/btc China Dispatch: Episode 6 - The Chinese Bitcoin Community Responds to Gavin’s New BIP

In this edition of the /btc China Dispatch we look at how the regulars of 8btc.com, one of the largest Chinese bitcoin communities, responded to a recent BIP submitted by Gavin Andresen which is designed to increase the blocksize limit to 2MB via a 75% threshold hard fork. The original Chinese thread can be found here; an English translation of selected excerpts is given below.
Some of you have asked me to translate Gavin’s most recent blog post (“Minority Branches”) into Chinese. nextblast beat me to the punch and has already authored an excellent translation into Chinese which has been posted to the front page of 8btc.com. I plan to have readers' comments translated back into English tomorrow for the next edition of the /btc China Dispatch. Special thanks to nextblast for the superb translation and turnaround time!
From 8btc.com/thread-28594-1-1.html:
[OP]
Submitted by bluestar
Subject: Gavin released a BIP increaseing the blocksize to 2MB today; requires 75% of hashpower
There are two things here that most of you will be interested in:
(1) The blocksize is increased to 2MB
(2) The change requires the support of 75% of all hashpower, which is to say that the new block size limit will be triggered once 750 of the last 1000 blocks generated support the change. However, there will be a 28-day grace period.
Additionally, the BIP will be valid until January 1, 2018.
[Response 1]
Posted by xzkdds
I have no idea what this means. Can someone ELI5?
[Response 2]
Posted by bluestar
@xzkdds
It means that there is finally a formal proposal for the blocksize increase issue that everyone has been talking about on the forums recently (Classic)
[Response 6]
Posted by laflaflaf
Then why is the price still going down?
[Response 7]
Posted by yuxuan
@laflaflaf
Because it’s the weekend, why else?
[Response 10]
Posted by Ma_Ya
@laflaflaf
Because the hashpower threshold wasn’t set to 90%.
That is to say that the BIP doesn’t support the 90% 2MB consensus. In the unlikely event of a fork, there is a greater possibility of forking to create two coins, resulting in failure.
There’s nothing we can do except urge everyone to resist this 75% version’s attempt to split the bitcoin community.
[Response 11]
Posted by bluestar
@Ma_Ya
Gavin’s explanation for the 75% hashrate threshold is that a lower threshold will prevent one large pool from holding the entire community hostage, which makes sense. The only thing is it’s not really clear whether or not China’s mining pools will support it.
[Response 12]
Posted by Ma_Ya
@bluestar
What do you think is going to motivate 26% of the miners to continue supporting the old chain?
After the fork takes effect the price paid by miners who continue to run the old client will be tremendous. As you know their profits will be reduced by 75% (cut to 1/4).
It’s already very difficult to make your money back on mining equipment, so its difficult to imagine that 26% of the miners would be so stupid as to continue unprofitably mining on a chain with a 1/4 rate of return just because there was a hard fork. Furthermore, once a split occurs, the hashrate of the old coin that splits off will only by 1/4 [of the original hashrate], so there will be a significant drop is the security of the chain and the price is bound to collapse. Why would you as a miner support such a coin?
The whole point of buying mining equipment is to mine coins and make money, so there’s no way that people are going to ignore the monetary incentives.
Therefore 26% of the miners have no incentive to do the above.
The only possibility is that such a subset of miners was somehow bought out. However, buying out 26% of miners is significantly more expensive than buying out 11% of miners, which is what factored into Gavin’s thinking.
(This is the genius of Satoshi. He understood very clearly the extent to which money motivates people, which makes it possible to have people from all over the world work together to maintain a single network.)
[Response 13]
Posted by greatnumbers
Gavin is a dumbass with no understanding of politics. He always acts indelicately. It’s a tragedy that this guy leads bitcoin’s code.
[Response 14]
Posted by bluestar
@Ma_Ya
What you’re saying doesn’t entirely make sense. The vast majority of bitcoin’s hashing power is in China and the several pools with the largest hashrates account for a large proportion of the overall hashrate. If you set a threshold of 90%, then one large pool failing to upgrade will permanently prevent the BIP from taking effect. All they have to do is drag it out out until 2018 and the proposal fails. Such a strategy would not be difficult for Core to pull off.
[Response 15]
Posted by bluestar
@Ma_Ya
Also, I should mention that in the event of a split into two coins the probability that both coins will have value is basically near zero. Pools are extremely profit-sensitive so it’s impossible that any mining power will remain with the version that is least supported.
[Response 16]
Posted by bluestar
@greatnumbers
He has done a lot of work on bitcoin and deserves our respect. Though I agree sometimes he does things a little bit inappropriately.
[Response 17]
Posted by jb9802
@greatnumbers
Gavin's only mistake was giving up his absolute authority too early, otherwise the bitcoin blocksize cap would have been lifted a long time ago. Now that Core is controlled by Blockstream it’s impossible that the main chain will ever be upgraded. Gavin may be a dumbass who doesn’t understand politics, but he is sincere in wanting bitcoin to succeed, so I support Gavin.
[Response 19]
Posted by vatten
It’s worth noting Item 3: Mitigate potential CPU exhaustion attacks, which improves standards governing the structure of transactions contained in blocks in order to prevent nodes from accepting transactions which are intentionally structured in a way that uses up CPU cycles. With this fix another potential risk for 2MB blocks has been eliminated and it looks like everything is secure enough.
As far as a post-fork coin with only 25% of the hashrate is concerned, who is going to buy it? I will definitely be selling mine and if there are any buyers I’ll be able to make a little bit of money.
[Response 20]
Posted by jb9802
@Ma_Ya
After Satoshi left development, control over the code was given to Gavin. Had Gavin not given up his exclusive authority over the code then no one else would have been able to control Core. There have always been disagreements among the bitcoin developers, but they have always been resolvable. Back then even a fork could be reverted just by downgrading your client.
The ultimate source of all of these issues is Blockstream, Inc. After they were founded, Core became a dictator that listened to no one, and now they even have the gall to openly engage in censorship, deletion of posts, and the removal of a download link for the largest bitcoin wallet. They are worse that the Chinese Communist Party.
It goes without saying that an increase in the blocksize cap will be adventageous for miners. If the cap is not lifted, then fees are going to skyrocket and the main chain on which fees have skyrocketed will become nothing more than a ledger for big comnpanies. A bitcoin only used by large companies is not the bitcoin that Satoshi wanted and it’s not the bitcoin that we want either.
It doesn’t follow that a fork will necessarily result in a schisim. Of course 90% support is ideal, but if 75% of miners support the fork then the remaining 25% will not screw around with their profits if they have any sense. It’s likely that all miners would convert to the new main chain within a day.
submitted by KoKansei to btc [link] [comments]

Bitcoin averts split as miners back new software upgrade (BIP 91)

Bitcoin averts split as miners back new software upgrade (BIP 91) submitted by wickedplayer494 to technology [link] [comments]

In the news • [bitcoin-dev] I do not support the BIP 148 UASF

submitted by btcforumbot to BtcForum [link] [comments]

Bitcoin Core Project: New draft BIP for hardware wallet, "detached signing"

Bitcoin Core Project: New draft BIP for hardware wallet, submitted by a56fg4bjgm345 to Bitcoin [link] [comments]

Sergio Lerner: "1) I'm finalizing a BIP: A new Efficient Compact SPV Proof scheme. A chain of 2016 hdrs can be compressed into 10 hdrs, proving 50% of work. / 2) This will be key piece for 2-way-peg system we (Rootstock) contribute to Bitcoin, via hard-fork. / 3) Yes, can also be soft-fork."

Sergio Lerner: submitted by eragmus to Bitcoin [link] [comments]

Matt Corallo proposes new block relay functionality BIP on bitcoin-dev mailing list

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2016-May/012624.html
Admittedly, the BIP went a bit over my head. Can someone explain how this compares to XtremeThinBlocks in Bitcoin Unlimited?
submitted by Username96957364 to btc [link] [comments]

New BIP 101 block mined by Bitcoin Affiliate Network pool :)

submitted by peoplma to bitcoinxt [link] [comments]

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The BIPS has temporarily shut down the consumer its consumer wallet initiative after hackers reportedly steal Bitcoins worth more than $1 million(1200+ BTC). Bitcoin Payment Solutions (BIPS) hacked, $1 million stolen - E Hacking News - Latest Hacker News and IT Security News Prolific bitcoin developer Pieter Wuille unveiled two Bitcoin Improvement Proposals (BIP) today that offer plans that could prove foundational to a possible upgrade to the cryptocurrency. May 15, 2018 by Rahul Nambiampurath at Bitcoin, News, Tech The Dandelion project, which aims to improve privacy on the Bitcoin network, has been submitted as a BIP (Bitcoin Improvement Protocol) on May 9, nearly a year after the last major announcement. Bitcoin Exchange Guide is a hyperactive hybrid of heavy-handed cryptocurrency content curation creators from christened community contributors who focus on delivering today's bitcoin news, cryptoasset user guides and latest blockchain updates. BIPS operates as a Payment Service Provider (PSP) specializing in the technical aspects of accepting cryptocurrencies - such as bitcoin. The team behind BIPS have strong backgrounds in both hardware and software development, senior executive skills, over 20 years of experience from IT and technology initiative development, as well as online ...

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