HBO’s “Money Electric” suggests Bitcoin developer Peter Todd is Satoshi Nakamoto, but contradictions and timeline errors abound.
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On Tuesday, HBO premiered its documentary “Money Electric,” attempting to portray software developer and Bitcoin contributor Peter Todd as the mysterious Satoshi Nakamoto. Following the broadcast, Todd quickly took to X to set the record straight, stating, “I’m not Satoshi.” His response ignited a lively discussion across social media, with many in the crypto community […]
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Replace-by-fee (RBF) is a feature in Bitcoin that allows users to replace an unconfirmed transaction with a higher fee to expedite confirmation.
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During the last few weeks, a number of individuals have been discussing the upcoming release of Bitcoin Core version 24.0 and how the codebase will include full-replace-by-fee (RBF) logic. The discussion has become controversial as a few Lightning Network and zero confirmation advocates have expressed a distaste for the full-RBF idea. The CEO of Synonym, […]
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On Thursday, November 12, 2020, the blockchain firm Kirobo launched a tool that allows users to reverse ethereum transactions. Similarly to the replace-by-fee (RBF) protocol leveraged by bitcoin users, ethereum transactions can be reversed as well with Kirobo’s “Undo Button” supported by Metamask or any wallet that supports walletconnect. The two top blockchain assets, in […]
The post The ‘Undo Button’ Wallet Tool Gives Users the Ability to Reverse Ethereum Transactions appeared first on Bitcoin News.
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When it comes to creating a peer-to-peer electronic cash system, accepting zero confirmation transactions becomes critically important. When a model’s main aim is to “just hodl” or push an isolated store of value narrative, important concerns like double spending can take a back seat, potentially opening a network to serious attack. A recent video demonstrating […]
The post Why Double Spends on BCH Are Not the Same as Replace-By-Fee Fraud appeared first on Bitcoin News.
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Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe: […]
The post These Myth-Busting Articles Dispel Common Bitcoin Myths appeared first on Bitcoin News.
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On December 18, Bitcoinbch.com published a video explaining how easy it is to double spend BTC transactions in the wild. Not long after the film was released, the payment processor Travelbybit announced it would be removing both BTC and BCH payments for over 400 Australian merchants. Unfortunately, a few BTC proponents claimed BCH has the […]
The post Travelbybit to Drop Bitcoin Payments After Viral Double Spend Video appeared first on Bitcoin News.
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On December 18, the web portal Bitcoinbch.com published an informal notice explaining that merchants accepting BTC should switch to BCH because of “dangerous flaws” found in the BTC software. The problem is tied to slow confirmation times tethered to a BTC-based protocol called Replace-by-Fee (RBF), which gives individuals the opportunity to double spend on merchants. […]
The post Video Shows How Easy It Is to Double Spend BTC Using RBF appeared first on Bitcoin News.
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The BTC community recently accused Coinbase of editing a video to make zero-conf BCH payments appear quicker than they actually are. In response, Bitcoin Cash supporters have provided pictorial evidence that the video was not faked. They then went on to discuss ways in which replace-by-fee has altered the reliability of 0-conf on BTC. Also […]
The post BCH Community Responds to Allegations of Faked Coinbase Video appeared first on Bitcoin News.
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