• Breaking News

    Thursday, April 9, 2020

    Home Unlabelled Bitcoin Cash r/BitcoinCash Frequently Asked Questions (FAQ)

    Bitcoin Cash r/BitcoinCash Frequently Asked Questions (FAQ)

    April 09, 2020

    Bitcoin Cash r/BitcoinCash Frequently Asked Questions (FAQ)

    r/BitcoinCash Frequently Asked Questions (FAQ)

    Posted: 23 Jul 2019 08:59 PM PDT

    What is r/BitcoinCash ?

    The r/BitcoinCash subreddit is a forum dedicated to discussing the cryptocurrency Bitcoin Cash (BCH). The aim of this subreddit is to cultivate a space for constructive discussion about Bitcoin Cash. Intentionally disruptive behaviour and heavily off-topic discussion will be moderated accordingly. Please refer to the sidebar for the subreddit rules.

    ​

    What is Bitcoin Cash?

    Bitcoin Cash is a peer-to-peer electronic cash system. It's a permissionless, decentralised cryptocurrency that requires no trusted third parties and no central bank. With Bitcoin Cash you can safely and securely send money anywhere in the world, nearly for free.

    For more information about Bitcoin Cash, please visit bitcoincash.org.

    ​

    Is Bitcoin Cash different from "Bitcoin"?

    Yes! In 2017, the Bitcoin project and its community split into two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH. While exchanges commonly refer to BTC as simply "Bitcoin", Bitcoin Cash, usually represented by the BCH ticker symbol, is considered by its supporters to be a legitimate continuation of the Bitcoin project, and the version with the best chance of creating a globally adopted peer-to-peer electronic cash system.

    ​

    Why was it necessary to create Bitcoin Cash?

    The legacy Bitcoin code had a maximum limit of 1MB of data per block, or about 4 transactions per second. There was also a common sentiment among Bitcoin Core developers that non-backwards compatible upgrades, commonly known as "hard forks", should be avoided at all cost. This mindset severely limited the potential to introduce beneficial changes to Bitcoin, which were needed to prepare the protocol for mass adoption.

    Although technically simple, the Bitcoin community could not reach a consensus on raising the block size limit, even after years of debate. In 2017, capacity hit the 1MB-imposed wall, fees skyrocketed, and Bitcoin became unreliable, with some users unable to get their transactions confirmed even after days of waiting. An average transaction fee of $50 took place in December 2017. As a result, Bitcoin stopped growing, and companies such as Steam and Microsoft began dropping Bitcoin, because it was no longer a cheap and reliable payment method.

    In August 2017, a subset of the Bitcoin community decided to move forward with a proposed protocol upgrade, forking Bitcoin, and creating Bitcoin Cash by lifting the block size limit as a step towards massive on-chain scaling. There is now ample capacity for everyone's transactions on the Bitcoin Cash blockchain; low fees and fast confirmations are standard, and the network has been allowed to grow again.

    ​

    Isn't r/btc "the Bitcoin Cash subreddit"?

    It is worth noting that the r/btc subreddit came into use before Bitcoin Cash existed. It was originally created as a forum for open discussion about Bitcoin. After August 2015, r/btc gained a large user-base when the r/bitcoin subreddit began censoring discussion about raising Bitcoin's block size limit. After the Bitcoin community split over the Bitcoin Cash fork in August 2017, the r/btc Bitcoin community naturally became the Bitcoin Cash community, as that's where its proponents already resided, having been ousted from r/bitcoin by censorship.

    To this day, r/btc continues to offer a place for open and censorship-free discussion about all Bitcoin forks, with minimal interference by moderators.

    ​

    So how does r/BitcoinCash differ from r/btc ?

    In July 2019, the r/BitcoinCash subreddit introduced a stricter moderation policy, following requests from the Bitcoin Cash community for an alternative and specific forum for discussing Bitcoin Cash. The intention is to offer a space that is more focused on specifically discussing Bitcoin Cash, as well as one that is free of the ongoing low-effort trolling that frequently takes advantage of r/btc's principled commitment to free speech.

    This subreddit now offers all users a choice about the kind of forum that they wish to participate in. The hope is that, without the distractions that threaten to derail discussion on r/btc, r/BitcoinCash may be able to foster a more focused, inclusive, and involved conversation.

    The moderation logs for r/BitcoinCash are public.

    submitted by /u/CatatonicAdenosine
    [link] [comments]

    GoCrypto, a global payment network connecting crypto users with merchants, reached over 1300 locations - enabling everyday instant crypto payments in physical and online stores.

    Posted: 09 Apr 2020 12:26 AM PDT

    Bitcoin Scam on YouTube Hid Under the Guise of Coinbase CEO AMA

    Posted: 09 Apr 2020 04:20 AM PDT

    Bitcoin Cash Halving Executes, Slashing Crypto Rewards Ahead of BTC and BSV

    Posted: 09 Apr 2020 12:33 AM PDT

    Are BCH miners turning towards Bitcoin post halving due to profitability?

    Posted: 09 Apr 2020 06:25 AM PDT

    TIL that demystifying an abstract concept like cryptocurrency lowers entry barriers to adoption. So I let my kid use my Tangem Cards and watched...

    Posted: 08 Apr 2020 11:48 PM PDT

    Fear Is Their Currency

    Posted: 08 Apr 2020 09:05 PM PDT

    Bitcoin Cash Is Ours

    "fear is their currency" is phrase used by David Icke in his recent interview on London Real. He was talking about how TPTB have managed to lock down the entire planet and have humanity cowering in fear in self imposed house arrest.

    It doesn't have to be like this. We now have the tools to defeat TPTB once and for all. My only fear is that if we don't grasp this opportunity we may not get another one.

    So I ask you all to look around, see what is really going on and use these tools to change the world for the better. Put aside your preconceptions and watch David's interview. Then use whatever social media you are familiar with and DYOR to see whether he is right or not.

    Some suggestions to start you off :-

    Twitter and YouTube - #EmptyHospitals #FilmYourHospital

    Bitcoin and digital currency - Please read the FAQ.

    submitted by /u/Bagatell_
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment