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    BTC Hypocrisy at its finest

    March 01, 2021

    BTC Hypocrisy at its finest

    Hypocrisy at its finest

    Posted: 28 Feb 2021 05:28 PM PST

    Sent my first bit of BCH today! Sent it to my friend just to say i did but... Exciting none-the-less!

    Posted: 28 Feb 2021 08:50 PM PST

    Daily reminder to newcomers. Trolls are being massively paid to come here r/btc and talk about market cap, value and other “technical” bs that they think is a important sign for adoption. Especially when Btc is making people doubtful about its purpose.

    Posted: 28 Feb 2021 11:47 AM PST

    The Federal Reserve just redefined M1, retroactively. 1984 style.

    Posted: 28 Feb 2021 10:03 PM PST

    Why Digital Cash is More Important Than Digital Gold

    Posted: 28 Feb 2021 05:03 PM PST

    Bullruns always produce a noticeable increase of number of arrogant noobs that visit this sub. Try to understand that these are not trolls but just those early in the Dunning-Kruger curve.

    Posted: 28 Feb 2021 11:41 PM PST

    Too many people here often claim this sub is attacked by paid trolls. That's actually inefficient and very unlikely. Bots would be more believable and is proven by the observable instant vote manipulation.

    These overconfident fools are likely noobs that got in above 40k and are now feeling insecure because of the fluctuations so they find outlets to release their insecurity about their "store of value" and think expressing their misinformed thoughts will defend their value so they can exit later. It's better to not engage them and let them spend their time scrolling and find out what actually happens when there is actual development and drive to change the world rather than have them spend their time trying to come up with snarky remarks to you calling them paid trolls. (They must feel bad that they aren't paid and are just being stupid for free)

    I'll say it again: What is often touted as conspiracy can often be explained by incompetence.

    submitted by /u/willedandagreed
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    General Protocols Raised a $3M Series A Round Led by Strategic Investors

    Posted: 28 Feb 2021 06:00 PM PST

    $1,000 fee to send $10,000.

    Posted: 28 Feb 2021 03:59 PM PST

    BCH has skyrocketed in number of transactions in the past 3 months, will the price follow?

    Posted: 28 Feb 2021 12:50 PM PST

    TIL that Playmo.gg is a video game tournament platform run by BCH supporters

    Posted: 28 Feb 2021 02:07 PM PST

    A man who built a voluntary e-commerce website using Bitcoin was sentenced to life in prison, while.....

    Posted: 28 Feb 2021 04:29 AM PST

    New Google finance crypto tab lists only BCH, ETH and one or two others

    Posted: 28 Feb 2021 11:48 PM PST

    It feels like Max Keiser is trying to intentionally mislead and wrongly associate BCH with BSV in this. His maximalism is getting old.

    Posted: 28 Feb 2021 11:57 AM PST

    Bitcoin Cash Strengths: People + Technology = Power

    Posted: 01 Mar 2021 01:09 AM PST

    Some days ago I posted a Bitcoin Cash SWOT analysis (Strengths, Weaknesses, Opportunities and Threats). In the meantime I expanded the main document, and tested it on rAltStreetBets. I think it did well, see for yourself in the comments. Here I'll just post an updated Strengths section, which I expanded thanks to inputs from some of you, thanks!

    TL;DR Technology is just an enabler, it must be used. To use something, it's not enough that it exists somewhere as a tech solution, someone must bring it to you, introduce it to you, help you get it set up etc. BCH is doing that, there are volunteers everywhere doing merchant outreach, meetups etc. BCH is building the network of users, and I feel that is the main strength and greatest opportunity where it could bank the unbanked, bank the neglected people who will eventually grow their economy and all be familiar with crypto because BCH first introduced it to them.

    Strengths

    Bitcoin Cash is an instance of Bitcoin, the invention. With that we inherited a technology that has worked without fail since 2009, a technology which first solved the double-spend problem without requiring central authority and made magical internet money possible. This peer-to-peer electronic cash system achieved it by using proof-of-work system which enables anyone too freely, without an enrollment process, participate in securing the network and get rewarded for it. Many other cryptocurrencies have popped up since 2009, but I believe none of them can promise the same security model. This is a major strength of Bitcoin Cash.

    Over time mining competition resulted in arms race for specialized hardware, also known as mining ASICs (Application-specific integrated circuit) so while anyone is free to mine, they need to make capital investments to be competitive. I see this as a great thing for our security -- because they make miners committed, they can't run off and do something else with their computing power. Once they buy the equipment they must mine with it to get a return on that capital investment.

    Technology is just an enabler, though. People build, and we have a lot of devoted people, all around the World, who speak diverse languages and are coming from diverse cultures and background. Isn't that something special? I think it is. You built this! Yes, you!

    • You, node builders, 6 distinct teams! You're busy building node implementations, thinking about how to improve on what can be done with Bitcoin Cash while being extra careful to keep the security promise. What are nodes? Computer programs which operate directly on our blockchain, they are our backbone. Like e-mail servers and the complex network between them.
    • You, miners! You're running one of those node software, and are busy building and securing the blockchain, block by block, every 10 minutes or so. You never stop, how could you? There's a great reward hiding in every block!
    • You, wallet developers, too many to count! You're busy building wallets, thinking about the how to do what can be done, to serve the user the best. You build our financial e-mail clients. We use whichever one we like, and it connects us to a server and enables us to send financial messages, also known as money.
    • You, the user! You get to enjoy all that, you get to send these financial messages! You are also building, without even knowing it! You see, in a free market environment, financial messages i.e. choosing who to send money to plays a very important role. It creates a complex network, where fellow humans are rewarded with these money messages for goods and services they produce, and it really is a message. Message saying: I like your product/service, please make more!
    • You, another user! You are on the other end, receiving them. You are the one building a product/service for your fellow humans and you are getting these financial messages as encouragement for further work! You are building businesses, big and small. Keep building!
    • You, the influencer! I'm not just talking about you stars. I'm talking about everyone who writes anything in public. You, yes you! Everything you write, someone will read. Think about that. When you're talking with someone on a forum, you're not only talking with that someone, you're talking with everyone who may be looking! There's a responsibility in that. You never know how it may affect those who observe, because they won't jump in to tell you but they will observe and make judgement. So be smart about it, think about good conduct!
    • You, holders and speculators! You support the growth of our market value! Even if you hold other assets, that's cool, get your "tendies" wherever you can, but don't forget to bring some back home :)

    I see people as our main strength! Let's celebrate it!

    Humans of Bitcoin Cash! You will grow Bitcoin Cash into a peer-to-peer electronic cash system for planet Earth! Who knows, maybe even beyond!

    A few more words on technology

    Bitcoin used to have pretty safe instant payments through 0-conf, and while those don't work anymore on BTC because of RBF and blocksize policy, those instant cheap payments are alive and well with Bitcoin Cash. People may complain about slowness but it's just because they only ever used exchanges which require a few block confirmation. For actual cash-like use, 0-conf works well. If you send money to a friend it'll appear in his wallet instantly and he can proceed to make other 0-conf transactions, like tip some people on Reddit who can then instantly proceed to make purchases with supporting merchants, like keys4coins. When a block is found, the entire chain of those 0-conf transactions will be in it because we will always have room in our blocks.

    Bitcoin Cash nodes currently accept up to 32 MB blocks and have processed 32 MB blocks. The Testnet has safely tested 256 MB blocks, which will eventually be enabled on our mainnet. At 32 MB that's right around 280 transactions per second, PayPal level. A 256 MB block is about 2200 transactions per second, Visa level. BTC can at best process 7 Tps, Ethereum can process 30 Tps. High bandwidth, low bottleneck allows scaling where fees remain sub penny, around 1/5 of a penny, yet still incentivize secure and diverse miners. For the past month of February Bitcoin Cash has processed more transactions per day than Bitcoin, and the fees have never risen.

    Bitcoin Cash also has smart contracts which allow many interesting possibilities and are quickly becoming popular in the B2B world. They allow things like Detoken, where you can hedge or go long on Bitcoin Cash. Similarly there is AnyHedge, where you can do derivatives trading. There is an upgrade proposal to enable native token support, which would enable smart contracts on Bitcoin Cash to do a lot more, and gain significant competitive advantage for common token uses like stablecoins and atomic swaps.

    Because fees are so low tipping is possible on things like Reddit, Twitter, and Twitch. There are platforms with native Bitcoin Cash support: the Twitter-like noise.cash, and a Reddit/Medium hybrid read.cash. Thanks to 0-conf and all these services posting the tips directly to the blockchain, they all smoothly work with each other i.e. as soon as you get some cash on noise.cash you can use it to tip someone on Reddit and he can use it to buy something with 0-conf supporting merchants. It just works, magic internet money! There's also a peer-to-peer fundraising platform similar to Kickstarter, called Flipstarter.

    These are not all projects, but it is a good sample of what Bitcoin Cash enables. People built these projects with Bitcoin Cash, it is always people who build! People are the strength, technology is just an enabler!

    submitted by /u/bitcoincashautist
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    LIVE: The Bitcoin Cash Podcast #7: Tether Investigation & Cryptocurrency Volatility

    Posted: 28 Feb 2021 12:02 PM PST

    Dollars Are Fungible, Bitcoins Are Not.

    Posted: 28 Feb 2021 09:41 AM PST

    20 Bitcoin Block Rewards from 2010 Moved Today, Mystery Miner Spent $400 Million in BTC Since Black Thursday

    Posted: 28 Feb 2021 07:31 AM PST

    Bitcoin correction is still in progress. However, some market analysts say the current situation is very favorable in the long term. Ki Young Ju claims that the cryptocurrency market is ruled by 3 large groups: institutional investors, whales and miners. So far, the latter seem to be winning battle.

    Posted: 01 Mar 2021 01:24 AM PST

    Peter Schiff Ruins Blackberry Trying to Send Molten Gold to Friend

    Posted: 28 Feb 2021 07:55 AM PST

    What happened with read.cash in September/October?

    Posted: 28 Feb 2021 10:05 AM PST

    I'm looking at the stats and see that activity peaked there, and then see many sudden changes in the charts, what was the cause?

    submitted by /u/bitcoincashautist
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    I finally 'spent' BCH!

    Posted: 28 Feb 2021 01:59 AM PST

    I often talk about 'using' crypto for groceries, but what that actually entails is what most of us do: Send crypto to an exchange, sell it, withdraw fiat, then use said fiat at the grocery store.

    Sadly my news isn't that I was able to spend BCH directly at Ralph's.

    However, I've come across a fantastic musician/streamer who just so happens to be a BCH enthusiast. His handle is kain_niak (apparently he has also interviewed /u/MemoryDealers before), and he is now one of my favorite streamers. His music is top-notch, and he does 'interactive' music, meaning if you suggest tones or lyrics, etc. he will attempt to incorporate it into his music! But that's besides the point.

    During the stream, in an unrelated matter I came across some BCH. He accepts BCH on his stream, and I was like, "Why not tip him a buck?" He more than deserved it. If I had the means to tip more I would have, but again besides the point. I used his preferred method of tipping via BCH and it popped up on his stream like a normal donation!

    This was literally my first time ever spending crypto AS crypto, and I'm proud that it was BCH. Then he incorporated him saying "I got it in my wallet!" into the song he was mixing. It was just an amazing first experience for me, and I thought it important to share here.

    submitted by /u/VideoGameDana
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    Bitcoin Cash clothing

    Posted: 28 Feb 2021 05:22 PM PST

    I'd like to know where I could buy some BCH clothing with BCH.

    Suggestions?

    submitted by /u/ImageJPEG
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    Maybe a dumb question, but why after a long time of not following the same rate of growing BCH is dropping with BTC?

    Posted: 28 Feb 2021 10:49 AM PST

    So we didn't grow as much as BTC did, but now we are dropping almost harder, it'a quite confusing for me.

    And my anxiety is coming back, not a good signal, i don't want to panic, but this drop is quite crazy for me.

    I'm a newbie, pls i need encouragement and information, i know as how cryptos works BCH is the most functional and that drive to invest on it's potential, but if it value depends on BTC then what's the point on trying to be a currency? Don't get me wrong but i'm anxious.

    I just wanted to buy a new gpu with future money 😞

    submitted by /u/nevskyjr
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    The irony.

    Posted: 28 Feb 2021 02:53 PM PST

    Worst/Best name blockstream could ever choose for its product Lightning.

    With the amount of energy btc needs to be mainstream, lighting has to be the miners main source of energy. 😂

    submitted by /u/Key_Science_
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