Who is Jonathan Toomim the man behind Bitcoin Classic? : btc

Why I am supporting Bitcoin Cash

First, I want to say that I believe that Bitcoin (BTC) will moon and that lambo will rain, for several reasons that I won’t explain here and now. So please don't shit on me or down vote this post without explaining yourself properly. I'm saying this because the crypto community is full of young and emotional person insulting each other all the time without being able to explain their view clearly. I’m just sharing my story and my opinion, if I say something wrong, please let me know. No need to be emotional.
My story: I’m French (Forgive my English), a software engineer, working from home, previously in the banking industry, big noob in blockchain code related. I have been supporting bitcoin for a couple of times now, unfortunately I discovered it a bit late, promoting it to people around me as the peer to peer cash system and hoping that it will give us our financial freedom.
During this bear market and after losing a big part of my coins, I finally took the time to get a better understanding of each coin I’m holding and I quickly realised that Bitcoin Cash wasn’t a scam, that Bitcoin BTC is purely a speculative asset, the playground of professional traders, used to rekt noobs and that Lightning network will end as custodial wallets because no one will take the time/risk for opening/closing/securing a channel, especially poor people (few billions). There is no benefit for the average user in maintaining a LN node. I believe it will be more interesting to mine Bitcoin rather than maintaining a LN node.
So basically, I lost faith in the promise made by the Lightning Network which made me focusing on why Bitcoin Cash is the answer to a decentralized peer-to peer electronic cash system. I can confess that in the past I used to believe that second layer solution was the solution for everything, but I changed my mind.
To make it simple, BCH allows to make instant payment for very cheap whereas BTC can’t and won’t.

For each crypto project, I look at those different points:
1. Length of the chain
BTC and BCH are sharing the longest chain, it has been working well without any issues since now 10 years. No other project has such a good track record. This make me feel confident that the chance that this will continue to work as well for years or decades.

2. Community behind it
A good community for me is when you see technical people, risking their reputation/identity by posting videos, writing stuff and talking in public events about the project they support. Based on that, I believe the BCH community is the biggest of all. By technical people I mean someone talking using technical approach to back their opinion rather than beliefs based on emotions. Usually in the crypto space, those people are developers but it’s not always the case.
I made a small list of technical people supporting BCH:
-Peter R. Rizun: Chief Scientist, Bitcoin Unlimited.
-Vitalik Butterin (he often showed his support regarding BCH but didn’t produce any content)
-Jonald Fyookball: Electron Cash Developer
-Jonathan Toomim: Bitcoin cash developer who made interesting proof regarding scaling onchain)
-George Hotz: no need to present this awesome crazy dude!
-Amaury Séchet: Bitcoin Cash Developer and French! 😊
-Rick Falkvinge: Founder of the swedish pirate party, watch his youtube channel.
-Gabriel Cardona (Bitcoin cash developer)
-Justin Bons : Founder & CIO of Cyber Capital
-Dr. Mark B. Lundeberg: Developer researcher
And there is a lot more, but those people are people that I personally trust for their work they shared and that I like following.
Recently we had the Bitcoin cash city conference, another event full of people supporting BCH, that kind of thing doesn’t happen with other crypto. So many brilliant people supporting BCH, how could it be possible that all those guys are supporting a scam or a shitcoin. As well, there is often meetups and conferences all over the world.
The developer community is not centralized, there is multiple teams (BitcoinABC, Bitcoin Unlimited, BCHD, Bcash, Bitcoin Verde…) independent of each other arguing sometimes about technical and political stuff, this ensure that developments and important decisions are not centralized. I find this very healthy. If a fork occurs, it’s not a problem, it will simply double your coin and allows two different ways of thinking to grow and compete. This won’t happen in Bitcoin (BTC) anymore, the way of thinking is centralized for BTC, they all share the same view: the segwit workaround + small block + layer 2 = (moon + lambo) in 18 months.
Regarding CSW, I don’t believe in this guy for now but maybe I’m wrong, maybe this guy is wrongly understood but based on all the things I know about him, he seems too complicated to be someone honest. Honesty comes with simplicity.
Finally, regarding Roger Ver: He is hated a lot and I still don't understand why, I feel sorry for him, I really tried my best to hate him like the crowd, but I couldn’t find any reasons. Many people are saying that he is lying and scamming people but none of them are technically able to explain why. It's really a crazy story and I understand why some people call him "Bitcoin Jesus". I personally think he is doing a great job and I thank him.

3. The current and future adoption
BCH is used by reel people and reel shops (check the bitcoin cash map), there are transactions on the network to buy and sell real things that exist in the real world. Can you believe this? Maybe the only blockchain having that. Please let me know if you know another blockchain which is today serving the real world.
The Bitcoin cash wallet app is easy and exciting to use. Same for the app for merchant. This can be used by my old mum! The BCH roadmap shows that more features will be added to simplify and enhance the user experience. I can’t find other blockchain having that level of user friendliness.
Recently Roger Ver announced HTC mobile phone with a BCH wallet preinstalled. I read as well that Burger King is accepting BCH, but I haven’t verified if this was legit or not.

4. Existing features and roadmap
-Multiple wallets built on all platform.
-Bitcoin Cash point of sales: this app is the app that merchant should use to accept Bitcoin, as well very easy to use and takes 5min to install.
-Cash shuffle with Cash fusion allowing to transact anonymously, making BCH competing with privacy focused coins such like Zcash, Monero, Dash. I heard this function will be implemented as well on mobile devices.
-SLP token: The simplicity of creating a token and sending dividends make BCH a bit competing with all smart blockchain. Anyone can create a token, raise funds and send dividends easily and it works! Will Bitcoin Cash evolve to a smart economy?
-memo.cash: A social network stored on the blockchain, fixing the problem of censorship we have on reddit for example. I recently discovered it, it’s awesome to know that you can write whatever you want, and nobody will be able to delete it and this forever. It’s really an awesome experience. I invite you to test it. For example, yesterday I had fun creating, sending token and being tipped in BCH or in any token by random people, it really shows the potential of BCH. I think I made around 50 on chain transactions in less than one hour with less than 10 cents.
-Stable coins: We can build stable coin on BCH; this is something very important as well.
Regarding the roadmap: It’s well described on bitcoincash.org and looks promising, but no update since the last 5 months. Not sure if it’s normal.

5. Security
SHA256 based algorithm are I believe the most secure, I don’t think we need to add more regarding this. Maybe someone can help me to find some downside regarding security, often some people talk about the potential 51% attack that could occurs on BCH but I couldn’t manage to have my own opinion regarding this.
Regarding the double spending attack because of the zero confirmation, I have asked many people to explain to me how this could potentially be a problem for a real merchant. I think that small and insignificant amount doesn’t need instant confirmation but if you sell a lambo then of course you should wait for at least 5 confirmations.
To summarize I would even consider that zero conf is more advantageous than Lightning Network if you take everything into consideration. Worth case scenario if your restaurant is victim of a double spending attack a few times, you will just increase the confirmation level and prevent your customer from living your place. I think that it’s easier to print fake fiat money and try to pay with it rather than trying a double spending attack. But again, I might have misunderstood something or maybe there is more sophisticated exploits that I haven’t thought of.

6. Price
21 million coins, no inflation, the price currently around 300usd, a boiling community. The potential gains could be as good as BTC and even more. Maybe it’s the so waited coin that you will never convert back to that shit fiat. Certainly, one of the best coins to invest in now.

7. Electricity and efficiency
Since the cost of electricity is the same whatever the size of the block, it means that BCH is more environment friendly than BTC for the same amount of transaction or we can say that it’s "wasting" less energy. Maybe if LN works one day this will change.

My Conclusion:
Bitcoin is technically the worst coin; all others existing coins are better technically. But Bitcoin survives because of the network effect, illustrated by its biggest hash rate, making BTC the most secure blockchain. As well because of promises made by the Lightning Network. Bitcoin is the gold of crypto currencies. Bitcoin like Gold have both almost no utility. In a traditional market, gold drop when economy goes well and goes up when investors need to find a refuge. BTC is the drop zone for fresh meat.
Most of the BTC holders cannot think clearly regarding the BTC/BCH debate, they become completely irrational. This kind of behaviour leads to ruin, especially in trading/investment.With low fees, instant transaction, smart contracts, big community, user friendly apps, stable coin and a lot more to come, Bitcoin Cash has clearly a good future. I hope that someone will find my post useful. Cheers.
submitted by talu3000 to btc [link] [comments]

Does Bitcoin Cash Need Governance? A BCH Ignite livestream Fri 17:00 UTC with Roger, Jonathan Toomim, Collin, Javier, Justin Bons, Kieran, Jonald, Fernando, Josh Green, Eleonore, Emergent & more

submitted by georgedonnelly to btc [link] [comments]

Jonathan Toomim on scaling | The Bitcoin Unlimited Podcast (x-post from /r/Cryptocurrency)

Jonathan Toomim on scaling | The Bitcoin Unlimited Podcast (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Does Bitcoin Cash Need Governance? A BCH Ignite livestream Fri 17:00 UTC with Roger, Jonathan Toomim, Collin, Javier, Justin Bons, Kieran, Jonald, Fernando, Josh Green, Eleonore, Emergent & more

submitted by georgedonnelly to Bitcoincash [link] [comments]

Jonathan Toomim on scaling | The Bitcoin Unlimited Podcast

Jonathan Toomim on scaling | The Bitcoin Unlimited Podcast submitted by AD1AD to CryptoCurrency [link] [comments]

I recently had the pleasure of speaking with Jonathan Toomim for the Bitcoin Unlimited Podcast. You may be surprised how much goes into removing scaling bottlenecks from software that underpins decentralized networks!

We touch on some nitty gritty coding details, internet protocols, the effects of packet loss and latency on block propagation, and current projects like XThinner that mitigate these issues by effectively reducing the amount of information that needs to be transmitted to share a block with a peer.
You can watch/listen here if you're interested =)
submitted by AD1AD to CryptoTechnology [link] [comments]

Jonathan Toomim gives some incredible insight into Bitcoin scaling here. Well worth reading the thread from the top. Good to see decent convo from Btc people also for the most part anyway

Jonathan Toomim gives some incredible insight into Bitcoin scaling here. Well worth reading the thread from the top. Good to see decent convo from Btc people also for the most part anyway submitted by UpstairsAdagio to btc [link] [comments]

For those of you who, like me, didn't get it at first, Jonathan Toomim's proposed algorithm would not only defend against history being rewritten, it would also protect against the worst kind of a attack a powerful (state?) actor could perform on Bitcoin: 51% DoS. Bitcoin Cash only, BTW. ;-)

For those of you who, like me, didn't get it at first, Jonathan Toomim's proposed algorithm would not only defend against history being rewritten, it would also protect against the worst kind of a attack a powerful (state?) actor could perform on Bitcoin: 51% DoS. Bitcoin Cash only, BTW. ;-) submitted by caveden to btc [link] [comments]

Jonathan Toomim gives some incredible insight into Bitcoin scaling here. Well worth reading the thread from the top. Good to see decent convo from Btc people also for the most part anyway

submitted by vegasbooty to Cryptoandme [link] [comments]

Jonathan Toomim on Bitcoin Classic: everything can be voted on, including 21M coins limit

Jonathan Toomim on Bitcoin Classic: everything can be voted on, including 21M coins limit submitted by bit_novosti to Bitcoin [link] [comments]

Who is Jonathan Toomim the man behind Bitcoin Classic?

Can folks post any link to his content, video, public speaking, anything here so we can get a feel for who he is?
Thanks
submitted by tinytimsturtle to btc [link] [comments]

For those of you who, like me, didn't get it at first, Jonathan Toomim's proposed algorithm would not only defend against history being rewritten, it would also protect against the worst kind of a attack a powerful (state?) actor could perform on Bitcoin: 51% DoS. Bitcoin Cash only, BTW. ;-)

For those of you who, like me, didn't get it at first, Jonathan Toomim's proposed algorithm would not only defend against history being rewritten, it would also protect against the worst kind of a attack a powerful (state?) actor could perform on Bitcoin: 51% DoS. Bitcoin Cash only, BTW. ;-) submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Composite priority: combining fees and bitcoin-days into one number | Jonathan Toomim | Oct 28 2015

Jonathan Toomim on Oct 28 2015:
Assigning 5% of block space based on bitcoin-days destroyed (BDD) and the other 95% based on fees seems like a rather awkward approach to me. For one thing, it means two code paths in pretty much every procedure dealing with a constrained resource (e.g. mempool, CNB). This makes code harder two write, harder to maintain, and slower to execute. As a result, some people have proposed eliminating BDD priority altogether. I have another idea.
We can create and maintain a conversion rate between BDD and fees to create a composite priority metric. Then we just do compPrio = BDD * conversionRate + txFee.
How do we calculate conversionRate? We want the following equation to be true:
sum(fees) = sum(BDD) * conversionRate * BDDweight
So we sum up the mempool fees, and we sum up the mempool BDD. We get a policy statement from the command line for a relative weight of BDD vs fees (default 0.05), and then conversionRate = (summedFees / summedBDD) * BDDWeight.
As an optimization, rather than scanning over the whole mempool to calculate this, we can just store the sum and add or subtract from it each time a tx enters or leaves the mempool. In order to minimize drift (the BDD for a transaction changes over time), we recalculate the whole thing each time a new block is found.
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submitted by dev_list_bot to bitcoin_devlist [link] [comments]

INV overhead and batched INVs to reduce full node traffic | Jonathan Toomim | Feb 26 2016 /r/bitcoin_devlist

INV overhead and batched INVs to reduce full node traffic | Jonathan Toomim | Feb 26 2016 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Jonathan Toomim on Bitcoin Classic: everything can be voted on, including 21M coins limit

Jonathan Toomim on Bitcoin Classic: everything can be voted on, including 21M coins limit submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Consensus census | Jonathan Toomim | Dec 28 2015 /r/bitcoin_devlist

Consensus census | Jonathan Toomim | Dec 28 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Memory leaks? | Jonathan Toomim (Toomim Bros) | Oct 13 2015 /r/bitcoin_devlist

Memory leaks? | Jonathan Toomim (Toomim Bros) | Oct 13 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

further test results for : "Datastream Compression of Blocks and Tx's" | Jonathan Toomim | Nov 29 2015 /r/bitcoin_devlist

further test results for : submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Composite priority: combining fees and bitcoin-days into one number | Jonathan Toomim | Oct 28 2015 /r/bitcoin_devlist

Composite priority: combining fees and bitcoin-days into one number | Jonathan Toomim | Oct 28 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Who is Jonathan Toomim the man behind Bitcoin Classic? /r/btc

Who is Jonathan Toomim the man behind Bitcoin Classic? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Torrent-style new-block propagation on Merkle trees | Jonathan Toomim (Toomim Bros) | Sep 23 2015 /r/bitcoin_devlist

Torrent-style new-block propagation on Merkle trees | Jonathan Toomim (Toomim Bros) | Sep 23 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Can kick | Jonathan Toomim | Dec 08 2015 /r/bitcoin_devlist

Can kick | Jonathan Toomim | Dec 08 2015 /bitcoin_devlist submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Cash DAA Development meeting #2 Toomim Bros. Bitcoin Mining Concern - YouTube CoinSpice Podcast 30 Jonathan Toomim Bitcoin Cash DAA Development meeting #3

Es ist für Jonathan Toomim schon schräg, dass Amaury so tut, als kenne er ASERT nicht. Nicht minder verwunderlich ist aber, wenn Amaury danach zeigt, dass die von ihm aufgestellten Regeln offenbar nicht für ihn selbst gelten. Er zieht einen neuen Algorithmus aus der Tasche, den noch keiner kennt, und tütet ihn als das ein, was in die Hardfork kommen muss: „Daher wird Bitcoin ABC mit dem ... Calin Culianu. Maintainer and Developer, BCHN, Fulcrum & Electron Cash. BigBlockIfTrue. Developer. Jonathan Toomim. Contributor, Independent BCH Developer Jonathan Toomim und Gavin Andresen haben „Bitcoin Classic“ vorgestellt – und haben dafür bereits die Unterstützung großer Miner. Classic möchte die Blocksize sofort auf 2 MB erhöhen und die weitere Entwicklung des Protokolls gemeinsam mit den Usern abstimmen. Core dagegen distanziert sich von der Zensur in Bitcoin-Medien und stimmt für eine Dezentralisierung der Bitcoin-Entwicklung. Hier sollte eine Beschreibung angezeigt werden, diese Seite lässt dies jedoch nicht zu. Jonathan Toomim ACT, Amaury Séchet, Andrew Stone, Aserti3-2d, BCH ... “Le débat sur l'algorithme de difficulté Bitcoin Cash se réchauffe avec la peur d'une autre division de la chaîne” 05/08/2020 - Commentaires fermés sur Le débat sur l'algorithme de difficulté Bitcoin Cash se réchauffe avec la peur d'une autre division de la chaîne [ad_1] À plus de trois mois de la prochaine ...

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Bitcoin Cash DAA Development meeting #2

Bitcoin Cash Difficulty Adjustment Algorithm Development meeting #3: Follow up of DAA meeting number 2: Discuss progress on development, implementation and specification. August 3rd, 2020, 19:00 ... Bitcoin Cash Difficulty Adjustment Algorithm Development Meeting; discuss progress in developing, reviewing and implementing a new BCH DAA in the different implementations. July 27th 2020, 19:00 ... This video is unavailable. Watch Queue Queue. Watch Queue Queue Toomim Bros. Bitcoin Mining Concern uploaded a video 5 years ago 7:43. Toomim Bros cooling system - Duration: 7 minutes, 43 seconds. Toomim Bros. Bitcoin Mining Concern. 5 years ago ; 16,714 views ... Mini Bitcoin Farm Inside A HVAC System Using Antminer s7 To Heat My House for FREE - Duration: 26:33. TheBitcoinMiner 13,626 views

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