What is BIP-70 and why is it controversial? Why doesn’t BitPay implement the more universal BIP-21?
More on BIP-70: https://github.com/bitcoin/bips/blob/master/bip-0070.mediawiki
More on BIP-21: https://github.com/bitcoin/bips/blob/master/bip-0021.mediawiki
Note: This video was recorded prior to James Hilliard’s post that he has discovered “a class of BIP70 implementation flaws that have a security impact,” which was not discussed here but developments are being followed: https://twitter.com/james_hilliard/status/1065488927258116097
Deprecation warnings were recently merged for Bitcoin Core: https://github.com/bitcoin-dot-org/bitcoin.org/pull/2759
This question is from the October monthly Patreon session, which took place on October 27th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
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He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
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THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, ‘Internet del Dinero’ (v1) – https://amzn.to/2yoaTTq
French, ‘L’internet de l’argent’ (v1) – https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
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Vietnamese, ‘Internet Của Tiền Tệ’ (v1) – https://alphabooks.vn/khi-tien-len-mang
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BitPay is baaad :/ Because they do not approve our business, they essentially kicked us out and refused to give out the last 0.16BTC or so. They dropped us to 0 level after years.
BitPay is no better than Paypal really.
Ανδρεα χρονια πολλα με υγιεια να χαιρεσαι τι ονομα σου
να σε χαιρεται η οικογενεια σου ευχομαι οτι επιθυμεις
ασχετο με το θεμα…¨)
Great explanation can you please tell us what android/iphone wallet is best right now for us to use
Paying my tuition fee at UNIC with BitPay was the worst BTC experience for me. Especially after I can't extract the address manually.
Clear and quick explanation that give the longing to go deeper about that subject, thanks again and again sir !
"Political reasons" isn't a meaningful phrase. Politics is violent coercion, not campaigning or promotion of an idea. Why do people conflate these things? To obfuscate the violence inherent in politics, at worst; or because of ignorance at best. People like to think voting isn't violence; It is. Promoting and marketing for a group or individual goal is not "politics", because they don't incite the power of the state.
Smashed the like
If you can hijack the browser to inject javascript and replace the address with your own, then you can inject HTML that displays a green lock symbol when it's not valid. There needs to be a two-way dialogue between cllients to ensure trust on both sides.
Thanks Andreas.
Happy to see explanation of exactly this controversy
Just drop @BitPay and use @BTCPayserver.
To me, "BIP70 only" is kind of a pain with BitPay, but it's not the reason that I dislike them. I dislike them because they add huge additional fees which they state through slightly confusing and definitely misleading wording are "network fees" (implying it's a miner fee) when in reality it's their own service fee.
I honestly don't mind if a centralised 3rd party payment provider has their own fees – they're a company and need to make money after all – but they should be up-front about it. Pretending that it's something it's not makes it harder for the merchant to make an informed decision when deciding which payment processor (if they're going to use a 3rd party payment processor at all) to work with and misleads users in to thinking that these outrageous fees are normal and expected when paying with bitcoin, which they most certainly aren't.
what's ur thoughts on bitcoin SV?
Ty for covering this.
First Comment!