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    BTC Merry Christmas Folks 🎄🎅

    December 26, 2020

    BTC Merry Christmas Folks ����

    Merry Christmas Folks ����

    Posted: 25 Dec 2020 01:34 PM PST

    ANOTHER perfect example of a bought troll account and what to watch for: No posts for 3 years than 2 months ago non-stop BTC propaganda! Someone is paying big money to troll us!

    Posted: 25 Dec 2020 04:25 PM PST

    A mod at r/bitcoin suggested that someone cash out their 401k and put it into BTC

    Posted: 25 Dec 2020 04:11 PM PST

    https://np.reddit.com/r/Bitcoin/comments/i19uta/bitcoin_newcomers_faq_please_read/ggxam7r/

    What the fuck like the whole "hodl never stop buying because other people keep buying and number go up so it's a store of value" thing seems like a Ponzi scheme (not to mention tether) but telling someone to cash out their 401k (which means losing a large portion to taxes and the penalty) to buy BTC wtf

    Ok that's all I just thought this was pretty insane and wanted to say that here

    submitted by /u/-__-_-__-_-__-
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    Snowden Puzzled by Bitcoin's Lack of Scaling and Privacy, Says Devs 'Had Years to Do It'

    Posted: 25 Dec 2020 05:23 AM PST

    After migrating from Bitcoin, Safex to launch marketplace as SFX token appears on exchanges

    Posted: 25 Dec 2020 05:10 PM PST

    Appeal to Bitcoin Cash Community

    Posted: 25 Dec 2020 11:28 PM PST

    This video was one of the most powerful pieces in history of crypto - I have personally watched it many times and sent it to many of my friends and family. It saddens me that Andreas now forgot all what he addresses here, and instead he’s memeing Bitcoin price hitting all time high in FIATS. Sad.

    Posted: 25 Dec 2020 08:06 PM PST

    The importance of Non-Fungible Tokens for Bitcoin Cash ecosystem

    Posted: 25 Dec 2020 09:04 PM PST

    I'm sure many of you are familiar with NFTs in general, mostly from the famous CryptoKitties game back in 2017. Simple Ledger protocol (SLP) has a separate definition for NFTs in Bitcoin Cash however, it is highly under utilized. There are no proper wallet support and developer tooling and tutorials for making these type of tokens is not much available to regular developers. In this post, I like to briefly talk about why we should take NFTs seriously in BCH and how they can become a winning ticket for Bitcoin Cash adoption.

    Debunking the myth

    When it comes to NFTs, I can say many people even in crypto doesn't take it seriously. They think it's only for games or selling art. There were even some people arguing they don't need to pay for an image if they can just save the file from the browser! I kinda get it, the image used in a NFT (which is usually illustrated by an artist) is confusing. People think they are paying for the illustration. That's not true at all. What you pay for, is the asset. Think about it in this way, Whenever you buy BCH, are you paying for the BCH icon? Of course not! Then why do we have the icon in the first place? You would probably say just for better recognition of the asset, giving it a sense of identity. That's the same with the relationship of Non-fungible Tokens and the image used for them. Better art helps with marketing and branding of the NFT however, the value is not in the art, it's in the issuer, rarity and the market demand for that particular asset. If I randomly make good art and put it out as NFT, it doesn't really have much value, but the same art, if is included in a collection from a good app with developers and a user-base, an active market place and future plans for the asset holders, could have lots of market value. It's important that we understand how to extract value from these assets.

    I like to think about NFTs as the future of personal property. For many years we are obtaining virtual/intangible assets that are not actually owned by us. Think about game items, social network handles, domain names, AR/VR game assets etc. The more we get into the future, the more we are exposed to these kind of assets and the ownership over them are a really important next move to build trust and adoption over these items.

    Why NFTs in Bitcoin Cash?

    I'm talking about it for a while, but NFTs are one of the strengths of BCH compared to other platforms. Let's think about common types of dApps these days. For example in DeFi many of the applications come with protocol governance which is near impossible with the structure of Bitcoin Cash smart contracts. So even though BCH on DeFi has some benefits like efficient smart contracts, and faster transactions, a faster ETH v2.0 is still going to end up being more decentralized considering that users can vote to change the protocol variables. I will be happy to proven wrong and someone do it on BCH as well, but as a developer there are lots of limitations that actually exist here.

    In the other hand, NFTs are also taking off in other dApps and I personally think BCH has the better NFT compared to everyone else. NFTs in Bitcoin cash are truly owned by the user and guaranteed to be rare. In ETH, in order to sell your NFT you should grant permission to other apps to have access to your assets, but you don't need to do that here. Considering that NFTs in Bitcoin Cash are just BCH UTXOs, they have the same security model as BCH itself. You can use them in smart contracts, stake them, and sell them in a decentralized manner. The ownership and transferability of the assets are guaranteed by Proof Of Work out of the box without any need to trust the issuer and the originated smart contract.

    In the other hand, NFT is a movable asset. That's the whole point of it that you can move the ownership to someone else through the magic of a marketplace. ETH is still lagging in that front and no one cares to pay $3-$7 for every transfer of the asset. I suppose they will eventually resolve it by the time ETH 2.0 is fully utilized, and that's a enough time for BCH to steal the market. Having the liquidity of BCH as a top 10 market cap platform, with a strong market place of NFTs can onboard many users from current user base of ETH and hopefully many younger generation of users which understand the value of digital assets but don't have the purchasing power that ETH users currently have.

    What is needed?

    The infrastructure for the developers and users to freely utilize NFTs and having an open and inviting culture from the community towards these applications is the key in my opinion. As a developer myself, I think these are the important things related to the infrastructure:

    • Wallet support
    • Open decentralized market places (similar to OpenSea)
    • Developer material, tutorials and guides (similar to slp.dev)
    • Better SLP tokens Swap/trading platforms (a permissionless DEX)

    Regarding the culture, it's up to the community to decide and support these use cases.

    If you think NFTs in Bitcoin Cash are important and like to contribute, I already created an open source dApp wallet during last year which I'm working to integrate NFTs and SLP tokens in it. The feature will be available both to users and developers and if you want to help, there's a small flipstarter which is completed up to 70% and has a few days left.

    Thanks for reading and feel free to let me know about your feedback!

    submitted by /u/p0ok3r
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    On the /r/Bitcoin and /r/CryptoCurrency censorship: "You can't reason honesty into someone. Ideological censors are fundamentally dishonest people. They know their positions and ideas would never stand up if they allowed them to be challenged so they suppress anyone who tries."

    Posted: 25 Dec 2020 09:26 AM PST

    XRP Bag Hodlers

    Posted: 25 Dec 2020 09:09 PM PST

    Is this BCHN wallet site legit?

    Posted: 25 Dec 2020 10:04 PM PST

    Hello Guys, I'm a little bit panicked as I can't receive back my funds send to the BCHN wallet. Someone can help me? https://bchnwallet.org/

    I followed the procedure, send my bch to the wallet I created on the site, after a few confirmation my balance appeared. When I wanted to withdraw, it says it need 6 confirmations and I'm waiting for 8 hours now! Is this normal.

    Thanks

    submitted by /u/Guybrush2048
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    Censoring mod /u/jwinterm of /r/Cryptocurrency banned me (Roger Ver) for what another user (BitcoinXio) posted in /r/BTC

    Posted: 25 Dec 2020 05:12 AM PST

    It's Fusion Friday!

    Posted: 25 Dec 2020 12:39 PM PST

    CashFusion makes Bitcoin Cash a privacy coin. Over 2.5 Million BCH has already been made more private using CashFusion!

    Make sure to spin up Electron Cash 4.2.3 today and get that liquidity flowing =) The more people using CashFusion at once, the more Fusions happen, and the larger your "anonymity set".

    New to CashFusion? No problem, getting set up is pretty easy =)

    First, download the Electron Cash desktop wallet. It's got CashFusion built in.

    Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper), then activate CashFusion by clicking the icon in the lower right: Hundreds of thousands of BCH have already been Fused. https://i.imgur.com/DXEPLtf.png

    Once it's activated, your wallet will start "fusing" the Bitcoin Cash it contains. Fusions happen over time as their own, separate transactions, and only cost you the network transactions fees (less than a penny). Each fusion transaction will include some of your coins*, so it will take multiple fusion transactions before all the coins in your wallet will be fused. (In the View menu, toggle the "coins tab" to see all of the coins in your wallet. In the "Label" field, fused coins will show CashFusion info.)

    Currently, Electron Cash keeps fusing your coins indefinitely. The plan is to eventually allow you to stop fusing automatically after some number of fusions per coin but, until then, there's no downside to leaving it to fuse continuously besides paying the transaction fees. (Every fusion gives you that much more privacy, while also providing "liquidity" for other fusers.)

    Electron Cash does not yet prevent you from spending un-fused coins, nor does it prefer fused coins when spending, so it's probably best to leave it fusing and keep your whole wallet fused, and/or pick your coins manually from the Coins tab. If you want that coin-management taken care of for your (and/or you're not comfortable picking coins to spend from the Coins tab), you can always switch back to CashShuffle for now in the Optional Features window, accessible from the Tools menu.

    Here's the CashFusion Telegram group where you are welcome to ask questions. (Just remember to be courteous!)

    Happy Fusing!! <3

    *"Coins" are kind of a confusing concept when it comes to Bitcoin, but you can think of them just like discrete "bills" (or... "coins") in your wallet, but instead of coming in only certain sizes like $1, $5, $10, $20, etc, they can be any amount sent to you in a previous transaction, like 0.618 BCH, 0.000001 BCH, or 123.45679 BCH. (They can also be combined and split up. That happens in most transactions!)

    submitted by /u/AD1AD
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    Could CashFusion reward liquidity providers in any way?

    Posted: 25 Dec 2020 05:14 PM PST

    We have used mainnet.cash's REST API to send 10,000 payments in 32 hours and survived to tell the tale!

    Posted: 25 Dec 2020 11:21 AM PST

    Remember Mainnet?

    That library thing that I have collected 750 BCH for using the awesome FlipStarter?

    It's alive and kicking!

    1. We still have ~430 BCH left (57%), 3 people currently work on the project (not including me, I'm more or less just guiding/architecting the project as I'm busy with other work, so I'm not paid by Mainnet funds, only taking some money for servers, which are hosted very cheaply at Hetzner I think it's ~ €30/m + domain €30/yr).
      • We have recently started to publish release notes, you can check it periodically to follow the project
    2. We have used the mainnet.cash's REST API for our new project and done 10,000 payments in the first 32 hours - no problems, no glitches, no losses, so it means that the API is much more stable than I expected
      • To be clear about 10,000 payments: that was not a load test, that was the real project usage as required by users, we probably could have sent much faster if that was a load test
      • I'm guilty of having some click-bait fun with the title... it was absolutely easy, nothing close to "surviving", not even close to what I had to go through in October 2019 doing the read.cash wallet - now THAT was surviving (selecting UTXOs by hand, calculating fees and change outputs, yuck!)
      • We actually used rest-unstable.mainnet.cash server (don't do this!) and had no problems (you shouldn't though, you should run your own - it's not hard and doesn't require too many resources: Docker or node.js + about 100-200MB memory, no need to sync the blockchain). You shouldn't use rest-unstable, since you'll be sending the private key to our server, which is needless to say, a bad idea. I can tell you for sure that it's not logged/saved anywhere, but we're in crypto, you should not trust what I say and run your server instead. (We will actually even refuse to create saved wallet for BCH coins, but will save for Testnet coins, if you want - no such limitations with your own server)
    3. There were a few minor bugs that we have discovered in the process (like when change is dust - it should probably be automatically donated to miner, instead of being a fatal error) - no money was lost though
    4. We have a pretty new website (It's been up for a month I think), go check it out:
      • Develop for Bitcoin Cash using Javascript in-browser or node.js, including: creating Mainnet/Testnet/Regtest wallets, sending money (using USD, BCH or satoshis as units), getting balances in the same units, waiting for transactions, generating and displaying QR codes, escrow contracts(warning - we're changing them a bit - we're adding nonces and we're moving them inside the contract, so be careful - ask me in PMs if you need help understanding the risks), CashScript (not documented yet, guilty, ashamed), RegTest wallets/transactions/balances/mining (local development unlimited coins), Testnet wallets/transactions/balances, optionally saved named wallets in user browser's IndexedDB (no need to store the private key manually), seed-based wallets, WIF-based wallets, currency conversion; done, but still integrating: message signing and verification; in the works: SLP tokens.
      • Develop using ANY language using the REST API and Websockets, including WebHooks for when transactions come and leave your wallet and everything listed above for JS, except the wallets are saved in PostgreSQL, not in the IndexedDB in the browser
      • Automatically generated bindings for PHP, Python, Go published as packackes (you might find them useful or you might find it easier to just call the REST API yourself)
      • Need another language generated bindings? You got it! See here at the end. You can ping me in PMs and we'll start building bindings for your language automatically (it's VERY easy thanks to Github Actions and OpenAPI generators)

    The bad news is that my understanding now that we certainly won't be able to do EVERYTHING I took to do here, because a) good developers ARE expensive, very expensive b) this stuff is hard - MUCH harder than I originally envisioned.

    Even the smallest things that we did took forever to figure out how to do, then there was a ton of bugs, then we discovered that the underlying technology can't handle the scale, so we had to switch, then we discovered more bugs, conflicts and stupid things that take a few weeks when it should have taken a few hours, like dust... or consolidating too many outputs (5000+) or better error messages (how about "transaction refused: dust" - personally I find this terrible and ugly, because a new dev won't have any idea what that means and what to do about it).

    So, we'll do a lot from our original proposal, clean up, polish up and (probably) will have to try another Flipstarter for a similar USD amount to finish up everything (will it be funded - that's up to the community to decide :) )

    Mad props to: 2qx, pat and N (mainnet.cash developers), Jason Dreyzehner (@bitjson) for libauth, Jonathan Silverblood (@monsterbitar) for electron-cash library, Calin Culianu (@cculianu) for Fulcrum, JT Freeman for fountainhead.cash hosted services, ALL DONORS to the FlipStarter (esp. Roger Ver who sent 25% of the total amount, NO DRIFT CORRECTION!!!, darkbluebrilliance, majamalu, Grapefruit Trading, Pablo, molecular, toorik, Sea urchin, zveda, Henry Cashlitt, Blockchain.Poker, Georg Engelmann and otehrs!), Marc de Mesel (who inspired me to do the FlipStarter, whose money were sent in 10,000 payments and who has donated $25,000 separately for marketing of mainnet project, which 100% sadly just sits there untouched, waits until at least we get to version 1.0)

    EDIT: typos

    EDIT2: ...and of course the docs site went down for the first time ever :) Looking into it

    EDIT3: Back up, whatever it was. Moved to static nginx, so it should be super stable from now on.

    submitted by /u/readcash
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    My friend giving his followers BCH

    Posted: 25 Dec 2020 05:27 PM PST

    I want to write about Bitcoin Cash, what should I contribute with?

    Posted: 25 Dec 2020 02:42 PM PST

    I'm more than happy to accept suggestions. I'd prefer to avoid commonly spoken subjects like adoption or Bitcoin Cash vs. Bitcoin.

    Also, merry Christmas!

    submitted by /u/TinsConfident
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    More than $6M USD worth of USDT Tether is circulating on the BCH block chain as SLP tokens. People around the world are using it every day.

    Posted: 25 Dec 2020 07:56 AM PST

    Uniswap for SLP

    Posted: 25 Dec 2020 05:35 PM PST

    So I just learned about uniswap, is there something like uniswap for SLP tokens?

    submitted by /u/Nexidy
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    Bitcoin Cash community’s take on Monero?

    Posted: 25 Dec 2020 03:16 PM PST

    Hello all!

    Have been in crypto for a while and am pretty "blockchain agnostic". More interested in the idea of value transfer than value store. In other words, I love me some Bitcoin Cash, among other cryptos.

    That said, what is the Bitcoin Cash community's take on Monero?

    The Monero community somewhat recently successfully funded a proposal for atomic swaps between Bitcoin and Monero. Considering many see Bitcoin Cash as the true Bitcoin, what is your take on Monero as a means to preserve your privacy?

    I understand mixers exist, but I've long had the idea that other blockchains can be valuable partially because they can be used to preserve some privacy. Also, from what I understand, mixers have quite a few limits and I'd personally like more options than one method for privacy. Altcoins like Monero seem pretty ideal for privacy if there was a BCH<>XMR atomic swap.

    How does the BCH community view this idea of an atomic swap? Would it add value to Bitcoin Cash? Or take away value?

    I'm personally interested in seeing a Monero-Bitcoin Cash atomic swap, and curious what others think.

    submitted by /u/brows1ng
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    Bitcoin Remains Resilient, Altcoins Start Consolidation

    Posted: 26 Dec 2020 01:46 AM PST

    Options Liquidity: Why It Matters

    Posted: 26 Dec 2020 01:34 AM PST

    BTC / USD analysis, follows what was projected above, looking for the top above.

    Posted: 26 Dec 2020 01:24 AM PST

    Cash Fusion: Great website to learn more about how you can achieve cheap & simple privacy with Bitcoin Cash. Something not possible with BTC coin

    Posted: 25 Dec 2020 04:10 AM PST

    Bitcoin Price Reaches to a New All-time High!

    Posted: 26 Dec 2020 12:27 AM PST

    Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

    Posted: 25 Dec 2020 11:04 AM PST
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