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    Saturday, April 4, 2020

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    April 04, 2020

    BTC Awesome!

    Awesome!

    Posted: 03 Apr 2020 03:07 PM PDT

    Blockstream: on-chain is bad, use our custodial service

    Posted: 03 Apr 2020 05:04 PM PDT

    We are getting care packages ready for the homeless. Thank you BCH commuity!

    Posted: 03 Apr 2020 10:18 AM PDT

    Just bought some excellent seeds from these guys w BCH, they will ship to many countries!

    Posted: 04 Apr 2020 01:42 AM PDT

    Bitcoin Cash Keybase team "BitcoinCashTeam" Join the team or reply with your Keybase username and I will add you if you are pro Bitcoin Cash

    Posted: 03 Apr 2020 11:16 PM PDT

    DeFi Comes to Bitcoin Cash: John Nieri Claims First Real Decentralized Finance Protocol on Bitcoin

    Posted: 03 Apr 2020 02:36 PM PDT

    This "hold my beer" follow up from 3 months ago made my day.

    Posted: 03 Apr 2020 06:36 PM PDT

    For People Who’ve Used Bitcoin To Buy Or Sell Adult Content Or Sexual Services: Is It Worth It?

    Posted: 03 Apr 2020 04:04 PM PDT

    Lately it seems that bitcoin is the safest payment method for those of us who sell x-rated content and services, but i don't even understand it. Is it worth the time and effort of set up?

    submitted by /u/DiamondNoire
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    Reminder: "Bitcoin Cash is going after global M1 or the cash market, effectively that's a 100 trillion dollar market"

    Posted: 04 Apr 2020 02:22 AM PDT

    The Bitcoin Cash Halving Countdown - 50% Less Block Reward in 4 Days

    Posted: 04 Apr 2020 01:40 AM PDT

    Today's Core Fomo Story: BTC coin is Noah's Ark

    Posted: 03 Apr 2020 10:22 AM PDT

    Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis

    Posted: 03 Apr 2020 12:59 PM PDT

    Couldn't the use of "colored coins" in Bitcoin Cash help with adoption by removing the price volatility 100% for merchants?

    Posted: 03 Apr 2020 02:25 PM PDT

    Lets say a company like Home Depot issues gift cards in the form of Bitcoin Cash colored coins. They could sell $0.01 worth of BCH for $20 store credit.

    The price volatility of BCH completely leaves the equation for the merchant.

    The downside is for the customer who now only holds Home Demo credits, but it could help with adoption - and transactions to secure the network.

    submitted by /u/mrcrypto2
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    Homeowners Can't Pay: US Lenders Prepare for Catastrophic Real Estate Market

    Posted: 03 Apr 2020 09:15 AM PDT

    Wow, thanks Bitcoin! /s

    Posted: 03 Apr 2020 10:56 AM PDT

    Real world adoption growing since coronavirus

    Posted: 03 Apr 2020 07:26 AM PDT

    Has anyone else had a chance to check out all the new locations starting to accept crypto? Just happened to check it out on the Bitcoin.com app like I occasionally do, and was really happy to see the numbers look to have exploded! Looks like most restaurants have signed up with menufy which it looks like that's how the majority are accepting it. Just had to share how excited I am to see this!

    submitted by /u/yeahhhbeer
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    Stefan Rust really stepped down.

    Posted: 04 Apr 2020 01:22 AM PDT

    Breaking zip encryption to recover over $300K in bitcoins

    Posted: 03 Apr 2020 03:37 PM PDT

    Bitcoin Cash halving is happening in about 4 days

    Posted: 03 Apr 2020 07:06 PM PDT

    Covid-19 and BCH adoption

    Posted: 03 Apr 2020 01:31 PM PDT

    Bitcoin Cash is Cheaper (TX cost) Than Private Blockchains

    Posted: 03 Apr 2020 12:12 PM PDT

    Ergo use case: Local Exchange Trading System (LETS)

    Posted: 03 Apr 2020 09:17 AM PDT

    The need to reform the global financial system has been clear since the last crisis in 2008. Now, COVID-19 has forced our hands. We cannot delay, and the best way to start is from the grassroots.

    As lockdowns across the world effectively shut down whole sectors and a large part of the economy, we are entering a new era at breakneck pace. Central banks are taking unprecedented action in the form of money printing but, just like last time around, they will almost certainly fail at the 'last mile' (intentionally or otherwise): while their efforts will benefit the financial sector and the wealthy, the funds will not reach those small businesses and individuals who need them the most.

    Crossing the last mile

    Technology like the Ergo platform can address this problem efficiently, building bridges into and within our local economies without the need for commercial or central banks. A key principle of Ergo, and one stated in the white paper, is that it is for regular people. The developers have spent considerable time building technology that can be applied to real-world use cases. (This is the idea behind 'Smart contracts for the people', for example.)

    LETS

    In the present circumstances, a Local Exchange Trading System (LETS) would be a strong use case for Ergo. A LETS is a mutual credit association in which individual members are allowed to borrow from a common pot of money. All the loans are written into a ledger. Naturally, a blockchain system allows for strict and more granular rules around the size of loans and their use, as well as user privacy.

    For example, let's assume Alice has a zero balance. She wants to buy a litre of milk from Bob, and borrows the agreed price of 2 euros from the common pot. Alice's account now registers -2 euros and Bob's +2 euros. Bob can spend his balance with other participants of the LETS, and the creation of credit allows for economic activity and velocity of money even where people have, temporarily, no cash. Of course, limits on borrowing can be imposed – and even on positive ones, to prevent hoarding within the LETS. Such a system can be built trustlessly on Ergo.

    Crisis measures

    Systems like this have historically become popular during times of crisis. The first system of this kind was established by Michael Linton in a Canadian town stuck in depression back in 1981. LETS were also popular during the 1998-2002 Argentine Great Depression.

    Most LETS groups consist of 50 to 250 members, with paper-based credit notes and ledgers maintained by a committee. However, it is unsurprising that paper-based LETS have suffered from problems such as counterfeit notes, dishonest activity by administrators, and so on (much like centralised crypto exchanges). A blockchain-based LETS could be vastly superior to any previous system.

    Moreover, building lots of small credit systems on the same blockchain enables interoperability and novel financial products designed to strengthen the system as a whole. Hundreds of different LETS could exist, for individuals and small businesses, with different participation criteria, different credit limits, collateralisation requirements and other parameters. And yet they could still be connected by gateways allowing liquidity to move between different LETS, if required – while avoiding exposure to toxic debt.

    What use cases do you have for Ergo to address the broken financial system? Let us know.

    submitted by /u/Guilty_Pea
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    Economist: BTC Needs Scaling to Have An 'Impressive' Price; Market Says That's BCH, Not ETH

    Posted: 03 Apr 2020 03:10 PM PDT
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