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    BTC My First Crypto Coin Buy

    February 04, 2018

    BTC My First Crypto Coin Buy

    My First Crypto Coin Buy

    Posted: 03 Feb 2018 11:19 PM PST

    ⚡️ 33 Major Bullish Developments in Bitcoin Cash Ecosystem Last Week⚡️ Although a lot of us have been focusing on the depressing prince moves in BTC & BCH over the last few days, there has actually been many major developments in the BCH ecosystem. (BCH Paywall)

    Posted: 03 Feb 2018 08:20 PM PST

    [PSA] If your Bitcoin are not ready-to-transact in a wallet whose keys you exclusively control, then you don't control your Bitcoin

    Posted: 03 Feb 2018 07:40 AM PST

    Are your coins on an exchange? Then you don't control your Bitcoin, the exchange has your Bitcoin, and you have a number on a screen.

    Are your coins on a hosted wallet? Then you don't control your Bitcoin, the host controls your Bitcoin.

    Are your coins actually just credit loaded on a purchasing card? Then you don't control those coins.

    Are your coins in a tipbot? You don't control those coins.

    Are your coins locked in a timelocked contract? While they're technically still in your possession, you've relinquished control - you don't control your Bitcoin if you can't actually move them onchain when you need them.

    If you've been at this for years, then you know that right now is the moment in the hype cycle when the other shoe drops. If you've followed events, you know that there's a good possibility that one or more exchanges or other services are operating fraudulently.

    Be prudent. Don't get Goxxed.

    Unfortunately a lot of BTC holders who arrived in this last cycle are still too new to fully understand what I'm telling them.

    If you're reading this and you're not sure you understand what I'm telling you, NOW IS THE TIME TO ASK DUMB QUESTIONS.

    I declare the remainder of this thread the "help people get their coins under control" thread. At least for this one thread can we make sure not to shame users or be political but just to be super constructive and help people understand what to do to protect themselves?

    submitted by /u/jessquit
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    Purse needs to hurry up and take BCH. They have to come to terms with BTC being dead as Bitcoin already and move on. These merchants are dragging their feet which is hurting customers and the entire use of crypto cash experience

    Posted: 03 Feb 2018 07:36 PM PST

    Three years ago yours.org founder Ryan Charles shared his experience working on crypto for Reddit. Today his post has become highly relevant for /r/btc and anybody that got bitten by the brilliance of Satoshis invention.

    Posted: 03 Feb 2018 09:01 PM PST

    yours.org is amazing!!

    Posted: 03 Feb 2018 10:08 PM PST

    yes you have to sign up for an account, but upvoting, viewing content, and tipping is all built in with bitcoin cash!! This is going to start to pave the way for the future of paying for content online!

    submitted by /u/adangert
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    Elizabeth Stark "Guys, posting this without a huge disclaimer is just plain irresponsible." Talking about blockstream c-lightining risk of losing funds. Samson Mow "Put it on your website"

    Posted: 03 Feb 2018 09:36 PM PST

    My mind is blown with the Tippr bot

    Posted: 03 Feb 2018 02:48 PM PST

    Just looking into the actual uses of crypto and i can't see any other way that is easier to give a random online stranger cash via social media... It's anonymous and fast.. Will this tech continue to spread throughout other social media sites and is it helping push the currency to be most used in a big way?

    submitted by /u/barterbard
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    If you can't exchange it, it can't be a store of value.

    Posted: 03 Feb 2018 04:28 PM PST

    Betcoin sportsbook is accepting BCH bets on the Superbowl

    Posted: 04 Feb 2018 12:39 AM PST

    I think it's important to show new users just how massively r/bitcoin is censored by an army of mods: the red posts were deleted

    Posted: 03 Feb 2018 09:57 AM PST

    JPMorgan Chase, Bank of America & Citi bar people from buying bitcoin with a credit card

    Posted: 03 Feb 2018 05:44 PM PST

    Bitcoin Cash Supporters are Libertarians. Bitcoin Core Supporters are Authoritarians

    Posted: 03 Feb 2018 11:55 AM PST

    tbh isn't on chain scaling more innovative than an off chain IOU layer?

    Posted: 04 Feb 2018 12:22 AM PST

    [PSA] Bitcoin Cash fees are still too high, please contact your wallet provider.

    Posted: 03 Feb 2018 08:30 PM PST

    Right now we're mining blocks that are around 1% of maximum capacity yet I keep seeing transactions with 10, 50, 100, even over 300 satoshis per byte.

    Check for yourself: https://explorer.bitcoin.com/bch

    Here's an recent good example: https://explorer.bitcoin.com/bch/block/0000000000000000020ed7a2f3a7f66ff32aa75fdb5d5c72ef22a1d6be4ca25a

    It's easy to look at the USD values and say that we're just paying a few cents per transaction but we shouldn't be comparing it to USD. 1 BCH = exactly 1 BCH and right now it's not at all reasonable to pay more than 1 satoshi per byte. At only ~1% max block size you can probably pay less than 1 per byte and still get included in the next block because no miner turns down free money when there's not enough transactions to fill up a block.

    I'm looking at https://txhighway.com/ right now and average fee on BCH is 0.07 USD while on BTC it is 3.5 USD. That's not much difference when you consider that they fill 100% of their blocks and we 1%.

    I don't think it's healthy to have miners get used to fees that are this high this early on in BCH. When Bitcoin Cash start getting 10 times more transactions what if a some miners start refusing fees that are less than 100 satoshis/byte even though we the still only have 10% of the blocks filled?

    All I'm saying is right now there's no need to pay more than 1 satoshi per byte (honestly it's kinda high). The block reward should motivate miners, not fees. Fees are there to discourage spam transactions.

    Please look at your transaction and if they are higher than 1 satoshi per byte:

    • Contact the developer of the wallet!
    • Contact the site owner if you use an online wallet!

    (Naturally if you're able to set a lower fee yourself manually just remember to dial it back a bit. Even 10 satoshis per byte is spoiling miners.)

    submitted by /u/LaudedSwanSong
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    Someone needs to create a tippr browser plugin

    Posted: 03 Feb 2018 05:51 PM PST

    This way if I see a comment I like, I can just click a button on the page to tip them, or if there is a webpage I can just click to view the rest of it, and pay $0.50 very easily.

    submitted by /u/adangert
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    So how is that Bitcoin Cash economy coming along? I am probably the first musician on yours.org and I just republished a old track! But what price do I ask for my music?

    Posted: 03 Feb 2018 05:30 PM PST

    CoinEx, the first BCH pairing exchange site has now added USDT pairings. thoughts?

    Posted: 04 Feb 2018 01:10 AM PST

    I think it's very dangerous to add USDT

    unless they know more than us.

    submitted by /u/alisj99
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    Local technology expert here to help with your TAB development needs. AMA!

    Posted: 03 Feb 2018 05:03 PM PST

    Squarecash square Point of Sale BCH

    Posted: 03 Feb 2018 05:15 PM PST

    Looks like squarecash by Square has been rolled out with BTC - buy/sell. Kind of silly given the fees to transact BTC.

    Submitted a support ticket to see if they can add BCH.

    It seems squarecash will be their first step into crypto and then adopting it on merchant PoS their second. Would be great to see BCH on their systems - millions of brick and mortars/ food trailers etc use square.

    submitted by /u/penncage
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    Interview With India’s Three Largest Exchanges: Cryptocurrency Ban Rumors are FUD

    Posted: 04 Feb 2018 01:13 AM PST

    Announcing Coins 4 Clothes the world's first Bitcoin Cash Only Charity

    Posted: 03 Feb 2018 01:12 PM PST

    I Gave Out so Much Bitcoin Cash Today. Was so fun! I told them REAL money gets transacted for nearly free. The most SECURE real money in the WORLD gets transacted for free

    Posted: 03 Feb 2018 12:04 PM PST

    Gave out in real life, valet, waitresses, concierge, friends, Postmates delivery, etc. People love that they don't lose their money in nasty fees

    submitted by /u/BitcoinCashHoarder
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    "It's Bitcoin when it is mined into a BCH block" - Dr Craig S Wright

    Posted: 03 Feb 2018 12:08 PM PST

    There I fixed it.

    Posted: 03 Feb 2018 06:49 PM PST
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