[ANN] Bitcoin Stash - Bitcoin Cash Hard Fork - Coming November 2018

[bstash]

Bitcoin Stash Planning Hard Fork From Bitcoin Cash


The Bitcoin Stash team is comprised of a group of former Bitcoin Cash developers and community members that have become dismayed at the current outlook of BCH. We are sure that you are aware, but a multitude of factors show that there is disaster on the horizon for Bitcoin Cash. Bitcoin ABC is proposing a contentious hard fork for no reason, Craig “Faketoshi” Wright is moving ahead to fork his own coin (Bitcoin SV) out of self interest, and Bitmain has revealed an extremely large BCH holding which they intend to rid themselves of in their now controversial IPO.

As we see it, a price and hashrate collapse of the chain is inevitable. We have decided that we must take action now, to rid ourselves forever from the bad actors that plague this chain. We are planning to hard fork from Bitcoin Cash on November 15th. With the hard fork, we will not be increasing the maximum block size or following the tokenization/ICO platform roadmap of Bitcoin ABC. However, Bitcoin Stash will be implementing replay protection and continue using the SHA-256 mining algorithm. Additionally, Bitcoin Stash will incorporate merged mining with Bitcoin and Bitcoin Cash.

With merged mining, Bitcoin Stash will solve the security issues that currently hamper Bitcoin Cash. As a minority chain, Bitcoin Cash is struggling to obtain substantial hash rate, and this has only been made worse following its recent decline in price. As of 9/25/18, the hash rate of Bitcoin Cash only totals about 6% of that of Bitcoin. The Bitcoin Cash hash rate has been continuously declining ever since a peak of roughly 15% of Bitcoin’s back in May of 2018, and we do not see this situation improving. Merged mining will lead to Bitcoin Stash obtaining a much needed higher hash rate since the chain will consist of Bitcoin, Bitcoin Cash, and Bitcoin Stash miners.

As a result, there will be three benefits that will be immediately realized. First, Bitcoin Stash will be less susceptible to a 51% attack which has recently plagued other chains such as Bitcoin Gold and Verge. Second, a single entity such as Jihan Wu’s Bitmain or Craig Wright’s CoinGeek will have a difficult time forcing any consensus breaking changes as they now must muster a much higher hash rate to do so. And thirdly, merged mining will also increase security on Bitcoin since miners will see greater profitability and will no longer have to choose between mining one chain and missing out on the other. Because of this, Bitcoin Stash will not only be a more secure and decentralized version of Bitcoin Cash, but it will also benefit the current miners of Bitcoin and Bitcoin Cash.

After the fork, Bitcoin Cash holders will be able to obtain an equivalent amount of our coins if they hold the private keys to their wallet. If they do not, we will release a list of exchanges supporting Bitcoin Stash as the hard fork approaches. We will also have more exciting announcements to make regarding the technical features of Bitcoin Stash, so please follow our Twitter (@BitcoinStash), Instagram (@BitcoinStash), Medium (@BitcoinStash), and continue checking our website https://bstash.org.


Twitter: https://twitter.com/bitcoinstash
Website:https://bstash.org
Instagram:https://instagram.com/bitcoinstash
Medium: https://medium.com/@bitcoinstash


Read More Articles

Inside Bitcoins
https://insidebitcoins.com/news/bitcoin-stash-planning-hard-fork-from-bitcoin-cash/179276

Blockonomi
https://blockonomi.com/bitcoin-stash/

Bitcoin Exchange Guide
https://bitcoinexchangeguide.com/bitcoin-stash/

ICO News Watch
https://iconewswatch.com/2018/10/01/bitcoin-stash-legit-bitcoin-cash-bch-hard-fork-cryptocurrency/



Watch on Youtube

https://www.youtube.com/channel/UC9ycqMEINhtT_RfZV3x0NpQ/about

 

[bstash]

Feel free to join us on our Telegram channel and ask questions!

http://t.me/bstash

 

[freetrader]

former Bitcoin Cash developers

And no source code in your announcement or on the website.

Nice try. Name any of these "former developers". Nobody identified on the website.
Much transparency, very wow.

This has scam flags all over.

 

[bstash]

And no source code in your announcement or on the website.

Nice try. Name any of these "former developers". Nobody identified on the website.
Much transparency, very wow.

This has scam flags all over.

Thanks for your interests in this project.
We need to stay anonymous for now.
More information will be released on our website soon so please stay tuned!

 

[freetrader]

We need to stay anonymous for now.

Nonsense reason. If you were former Bitcoin Cash developers, you would know better than to announce a fork without public source code or a detailed description of its monetary soundness, possible changes to supply and issuance, pre-mine or allocation of coins to a "developer pool" of your own etc.

The absence of this information at such a late stage is extremely suspect and a giant red flag. Of course if the source were open anyone could verify easily for themselves the facts.

You also wouldn't shy away from standing up for what you believe is better than the existing BCH path by staking your handles or at least some reputable name to your project.

Therefore, I will dismiss with prejudice your claim that you are former Bitcoin Cash developers, until proven wrong.

The timing of your fork is also scheduled to clash with what you know is the upgrade time of BCH scheduled by existing network implementations. If you wanted to fork cleanly you would not choose such a turbulent time, so I take it you chose it to add to the confusion. Otherwise you'd fork when you can get more attention on your fork's own merit - i.e. either before Nov 15 (if you don't want to adjust your code to potential rule change uncertainty from the upgrade) or later, once the upgrade has been completed and resolved and you don't have to worry about basing on rules that are incompatible to what BCH followed.

After the fork, Bitcoin Cash holders will be able to obtain an equivalent amount of our coins if they hold the private keys to their wallet. If they do not, we will release a list of exchanges supporting Bitcoin Stash as the hard fork approaches.

Again, extremely vague for a fork that's supposed to be happening within about a month.
Leaves room for not providing any fork code at all, and extracting holder information via some "claim" website or app which can scam them.

The right way to do this is to publish the specifications and/or code of your fork to make it clear that existing holders are *automatically* holders on your fork by way of their UTXO remaining valid *as is* - not via some need to "obtain an equivalent amount of our coins".

 

[bstash]

@freetrader,

We understand how anxious you would feel about our announcement. However we don't believe there's a certain way we should follow to fork BCH.

Calling BCH "the real Bitcoin" is in fact the worst forking job ever done. It's nothing more than an attempt to defraud clueless people. and we're opposed to the greedy entrepreneurs and corporates behind BCH chain.

We made this initial announcement to increase awareness of our project. More detailed information will follow in coming weeks. Please check our website or join us on our Telegram channel.

We clarify we have absolutely no intention to deceive anyone. We started this project to solve existing problems of BCH.

 

[freetrader]

Don't mistake my comments here for anxiety. I only point out when I see a clear risk of Bitcoin Cash users being deceived by an upcoming fork.
There have been too many scammy forks of Bitcoin which distorted the soundness, required claim processes, compromised user data and in some cases outright stole funds.

 

[bstash]

@freetrader

We completely understand that. Thanks for your attention! Once more materials get published, this project will start to make sense!

 

[bstash]

ATTENTION


We are looking for miners and mining pools to test our merged mining with Bitcoin and Bitcoin Cash.
If you're interested in, please send us an email: bstash@protonmail.com

 

[bstash]

Stash will be released in the next 24 hours! Please check our website soon!

https://bstash.org

 

[bstash]

Bitcoin Stash has forked from Bitcoin Cash on block 556767!

There may be some network problems and the nodes may have trouble syncing.
We can thank Faketoshi/Satoshi’s Shotgun for this.
We will work relentlessly to resolve these issues over the next several days!

More announcements will follow soon.

 

[bstash]

Officially Hard Forked!

As of approximately 7:30 PM GMT on November 15th, 2018, we are pleased to announce that Bitcoin Stash has officially hard forked from Bitcoin Cash! With each passing day, as the true value of cryptocurrencies become better understood, the threat of 51% attacks on the Bitcoin Cash network becomes more imminent. Corporate and private interests, combined with greed and incompetence has corrupted the security of the chain. Bitcoin Stash will provide the solution through merged mining with both Bitcoin and Bitcoin Cash. Additionally, Bitcoin Stash will offer replay protection to protect our chain against replay attacks.

Bitcoin Cash has imploded into a hash war between Craig Faketoshi Wright’s Bitcoin SV and Bitmain’s Bitcoin ABC. Faketoshi plans on executing a 51% hash rate attack on the ABC chain, mining empty blocks and wreaking havoc. We are not certain when or how long this attack may occur, but we do believe it is imminent. Bitcoin Stash stands against the block size increases implemented by SV and the fraudulent activities of Wright. Additionally, we believe that the leadership of Bitmain, Roger Ver, and Bitcoin ABC can no longer be relied upon, as they were the ones who welcomed Faketoshi with open arms. While Bitcoin SV was plotting their takeover, the leaders of Bitcoin ABC were busy going to boat parties with Faketoshi and developing useless ideas like tokenization platforms and instant transactions.

At this point, it seems like almost no one knows what will be the result of the Bitcoin SV and Bitcoin ABC drama. No matter what happens with either of those, Bitcoin Stash will have a purpose since our merged mining will provide more incentive for miners and increase security and decentralization with a higher hash rate. Moreover, Bitcoin Stash should not encounter double-spending issues, as we will not be supporting 0-confirmation transactions. As a result, Bitcoin Stash is here to stay and will continue to be useful in the future with or without Bitcoin Cash.

Bitcoin Cash holders prior to our fork will be able to obtain an equivalent amount of Bitcoin Stash if they hold the private keys to their BCH wallet. Future exchange support will also be a continual focus for our team moving forward. Please visit our website www.BStash.org to find further instructions on claiming or mining Bitcoin Stash. Our source code is available at https://github.com/bstash/bitcoinstash, with binaries to follow. Also, please join our Telegram, follow our Twitter (@BitcoinStash), and continue checking our website for updates! Feel free to reach out to any of our official accounts with any questions. Happy Fork Day!

Stash team

 

[bstash]

There will be an announcement regarding the wallet software some time next week!

We're working hard to get this published as soon as possible.



Meanwhile, please check our Github page.
Stash project source code is uploaded on our Github page.

https://github.com/bstash/bitcoinstash

 

[bstash]

Don't count BStash out in the hashwar, we are at half of Bitcoin Cash ABC hash rate and growing.
Stay tuned for exchange support and more important development announcements!

 

[bstash]

ATTENTION MINERS!

Now you can start mining Stash coins!

Please follow merged mining guide on our GitHub page:
https://github.com/bstash/BitcoinStash-MergeMining-Guide


Feel free to mine as many Stash coins as you want!
We will try to list Stash on many exchanges soon.

 

[bstash]

LAUNCHED!


Download Bitcoin Stash wallet binary files from our GitHub page (Windows & Linux):
https://github.com/bstash/BitcoinStash/releases

Instruction:
Uncompress the downloaded zip file (.tar.gz file for Linux) and double-click on bitcoin-qt file under the bin folder to run the Bitcoin Stash GUI Wallet.

Bitcoin Stash Explorer
http://explorer.bstash.org/

Bitcoin Stash Merged Mining Guide:
https://github.com/bstash/BitcoinStash-MergeMining-Guide

Official Website: https://bstash.org
Forum: https://forum.bstash.org
Twitter: https://twitter.com/bitcoinstash
Medium: https://medium.com/@bitcoinstash

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Merged Mining

Bitcoin Stash is a merge mineable cryptocurrency that utilizes SHA256 for its mining algorithm. This means that it can be merge mined with other SHA256 coins like Bitcoin an Bitcoin Cash. Merge mining is a process where a miner is able to mine multiple cryptocurrencies at the same time. All that is required for a miner is to add 48 bytes of data to the coinbase of the parent block.

https://github.com/bstash/BitcoinStash-MergeMining-Guide



Replay Protection

Bitcoin Stash will be implementing replay protection to keep our transactions safe post-fork.



Source Code

https://github.com/bstash/bitcoinstash

 

[bstash]

Bitcoin Stash FAQ


What is Bitcoin Stash?
Bitcoin Stash is a hardfork of Bitcoin Cash to combat the interests of the Bitcoin Cash leaders.

If I have Bitcoin Cash will I get Bitcoin Stash?
Yes, as long as you control the private keys. If your Bitcoin Cash is held on exchanges, you may or may not receive Bitcoin Stash depending on what the exchanges decide to do with them. More information will be available as we approach the hardfork.

When did the hardfork occur?
November 15th, 2018 at approximately 4:40 PM GMT.

Will Bitcoin Stash be secure?
Yes, Bitcoin Stash will offer replay protection and should operate with a higher hashrate than any BCH chain.

Is Bitcoin Stash an ICO?
No, Bitcoin Stash is not an ICO. It is a decentralized hardfork of Bitcoin Cash.

Does Bitcoin Stash have a White Paper?
Yes, Bitcoin Stash will be using the original Satoshi Nakamoto white paper for a full peer-to-peer version of electronic cash. One can read this whitepaper here.

What algorithm will be used to mine Bitcoin Stash?
SHA-256

What is Merged Mining?
Merged Mining allows miners to simultaneously mine Bitcoin Stash and one of Bitcoin or Bitcoin Cash with little to no extra energy usage. In turn, this will provide a greater incentive to miners and increase the hashrate and security of Bitcoin Stash.

Is Bitcoin Stash, Bitcoin Cash?
No. Bitcoin Stash is Bitcoin Stash, and Bitcoin Cash is Bitcoin Cash.

Will Bitcoin Stash offer Replay Protection?
Yes. Bitcoin Stash will be implementing replay protection to keep our transactions safe post-fork.

Where can I read more about Bitcoin Stash?
Feel free to check out our Twitter or Medium to read more from our development team!

 

[bstash]

Over the last few days BStash Hash has seemed to settle around 5.3 Eh/s!

Please check our explorer.

http://explorer.bstash.org

 

[bstash]

Announcing SimplyPool public mining pool for merge mining Bitcoin Stash with BTC.

Registration at simplypool.net is optional, registration gives you access to the dashboard which contains mining information.

Stratum server: simplypool.net:2222
User: btc=<btc_wallet>,bsh=<bsh_wallet>/<email>
Password: <worker_name>

*email is optional, use it if you registered at simplypool.net

SimplyPool is currently offering the service with 0% fee!

SimplyPool website:
http://simplypool.net​

 

[bstash]

Happy Holidays Bstash users!​