Whoever has just added 6+Exahash power to BTC in the last month, thank you from the BCH community

I thank you for not diverting your hash rate to BCH and doing an overwhelming attack on the BCH network that would cost BCH investors unaware of this real risk a small fortune.

It would clearly be trivial to rob anyone who was daft enough to put money into the BCH network these days now that sort of power has been wielded.

For instance someone controlling that sort of hashing power (6+Exahashes) could easily pull off a 51% attack on the insecure BCH network with a mere 4 Exahashes protecting it.

A simple deposit of say 1000 BCH (Today's value of around $ 600k) to an exchange, wait for 2-3 blocks of deposit time, exchange to BTC, withdraw the BTC (Around 85BTC at writing), now fork the BCH chain to reissue the last 5-6 BCH blocks (perhaps taking 1-2 hours) merely omitting your original BCH transaction and ta-dah you have that 1000BCH back to double spend on another exchange and gained $ 600k of real value. If people were still in la-la land believing BCH was secure and continued using it you could simply repeat-rinse until they got the message.

Yes that exchange would bar you from depositing BCH again but nothing stopping others opening accounts and doing the same since the BCH network is simply pwned at this stage. (I have no idea how a decentralised exchange could even offer any protection out there for BCH holders at the moment other than merely dropping the coin).

The fact that you haven't done this and making meagre profits mining (6ExaHash/54Exahash = 11% of the block rewards = $ 11% of $ 12m per day = $ 1m per day) even though you could generate probably $ 1m+ in an hour of attacking BCH shows you believe in BTC and have ethics.

I'm not confident other miners would be so selfless so perhaps this is more a PSA that if you own any BCH this is a very real risk to be aware of as the attack would happen quickly.

submitted by /u/5tu
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Bitcoin – The Currency of the Internet

I’ve translated Bitcoin.org into my native language entirely. So happy to do something for the community

After 2 months of work, I managed to translate Bitcoin.org to my native language – Serbian.

I managed to take over the translation which was not actively maintained (last cordinator activity was 4 years ago) and take it from 5-10% and the last activity from 100% in few weeks.

I know it's not a big deal for most, but it is for me.

I know that there were some contraversial things about bitcoin.org lately, and I am sure some people will post some comments, but I am just happy that I am able to give back to the community. Bitcoin.org helped me learn and I hope that the translation will help people who speak or understand Serbian (12 million people).

If you speak Serbian feel free to review it, report mistakes and help me improve it.

Link https://bitcoin.org/sr/

submitted by /u/nedvedp
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Bitcoin – The Currency of the Internet

The bear market community

First of all, do with your money what you want. If you want to sell your coins, do it. If you think it's the best time to buy, do it. And what comes next is just my opinion.

I think it's really funny how many people in this reddit changed their mind about crypto in a short time. Prices are falling, people are losing money, not a good time I understand. But why are so many offending others in this reddit because they don't follow the mainstream? It seems like EVERYBODY knows prices will fall further. EVERYBODY is so smart to sell now (in some cases with losses) and EVERYBODY will buy back when prices are low enough. And if you don't do what EVERYBODY does you are not smart or stupid. The same people who follow the mainstream now asked this reddit months ago if buying BTC at 18k was not to late, and EVERYBODY said it will moon to 100k easily.

What I want to say is: don't follow everybody. Not everybody can get rich. Some smart people will take advantage of the whole crowd making the same decisions and I promise you, they will get rich and steal your money. Think for yourself, have your own opinion.

Perhaps it is smarter to be against everybody sometimes even if you are attacked by them.

submitted by /u/lukas_lb
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Bitcoin – The Currency of the Internet