What do you think about the use of checkpointing in BCHABC? What kinds of checkpointing are there? Has Bitcoin ever had a re-organization event?
NOTE: The chain reorganization event in Bitcoin that I mentioned at 3:03 was actually in March 2013. You can read the post-mortem (BIP-50) here: https://github.com/bitcoin/bips/blob/master/bip-0050.mediawiki
More about checkpoints:
https://bitcoin.stackexchange.com/questions/1797/what-are-checkpoints/1798
https://bitcoin.stackexchange.com/questions/70718/how-does-bitcoin-implement-checkpoint-mechanism-to-finalize-the-blockchain-histo
https://bitcoin.stackexchange.com/questions/75733/why-does-bitcoin-no-longer-have-checkpoints
https://en.bitcoin.it/wiki/Chain_Reorganization
This question is from the December monthly subscriber session, which took place on December 15th 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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@aantonop at 4:30 you use the phrase "they reconverge when one of them achieves higher hashrate". I think it's important to let people know that the longest proof-of-work wins, rather than the higher hashrate, because they will misuse the context of this statement and assume you can start from any proof-of-work and miners get consensus simply with the highest hashrate.
BCH = steaming pile of shit. Please stop even acknowledging it as a valid project. The sooner everyone forgets about it the better.
Andreas, I have a question.
What is the likeliness of paper bitcoin making it's appearance? Any possibility that investment banks might try to sell bitcoin certificates to their clients?
How can I talk to Andreas about social networking? I'm thinking someone else is going through him and he's talking to me.
yeo guys, come on, 3000 views and only 200 likes !
great guy and cool explained, thank you
Smashed the like
>WE MUST ONLY TRUST THE MINERS
>Oh, maybe we gave miners too much power…
>WE MUST TRUST THE CHECKPOINTS!
"Bchabc" fuking crypto lol
I leave this comment with the hopes of effecting future search algorithms in such a way that this comment will bring more attention to your important plight of spreading knowledge about blockchain technology in an environment that can often be discourteous.
Checkpoints shift power to the developers which in ABC's case is even worse as there is really only one developer, or more accurately one developer who is instructed by Roger Ver. Not even close to a decentralised project.
Shitcoins are shit.
I always leave these videos so much smarter
Ooooh, two camera videos! You're turning into a real "Tuber" now, lol
10 mins admiring the Sansevieria
Looks more decentralized than BCHABC.
thanks again to just explain, very clearly,what happened
Cardano will rule them all.
The revolution will not be CENTRALISED.
There is no BCHABC chain – there is BCH or BSV they are two separate coins. BSV is a forked coin off BCH. Calling it BCHABC or BABcoin is just like calling it Bcash. I know that this can be confusing, but I would expect more from you ;-).