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    BTC via @Bitfinexed

    June 18, 2021

    BTC via @Bitfinexed

    via @Bitfinexed

    Posted: 17 Jun 2021 04:59 PM PDT

    “Lightning adoption is still silly low and Bitcoiners should step back, reflect, and ask why”

    Posted: 17 Jun 2021 12:57 PM PDT

    Are cryptocurrencies short-term speculative bets or long-term investments? - Best Coins to Buy in 2021

    Posted: 18 Jun 2021 01:59 AM PDT

    Any other self employed people out there accepting Crypto as a form of payment?

    Posted: 17 Jun 2021 10:11 PM PDT

    Maiar, The Money App Powered By The Elrond Blockchain, Adds Bitcoin - 400,000 new users now have access to Bitcoin

    Posted: 17 Jun 2021 05:37 PM PDT

    Has anyone heard an update recently about the state of K.im?

    Posted: 17 Jun 2021 02:31 PM PDT

    I notice the roadmap (which seems to be 9 months out-of-date) estimates BCH integration will be finished during Q2 2021 (so in the next 2 weeks).

    But I also notice that none of the videos work since the YouTube channel the page links to doesn't exist, and both the Medium and Twitter accounts have been idle for ~18 months.

    There's an "update coming shortly" banner that's been there for as long as I can remember.

    Is anything happening with this project right now?

    submitted by /u/Thanah85
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    Coin Center Exec Director: “El Salvador Bitcoin law is a disgrace.”

    Posted: 17 Jun 2021 09:35 PM PDT

    Bitcoiners have spent the last 4 years taking jabs at Roger Ver because he said everything seemed fine at MtGoX 7 months before it collapsed. In the same time they've also not only claimed everything's fine with Tether, but relentlessly attacked any criticism.

    Posted: 17 Jun 2021 03:36 PM PDT

    I just leave it here ��‍♂️

    Posted: 18 Jun 2021 02:20 AM PDT

    Proposed changes to eftpos could place more power in hands of big banks

    Posted: 17 Jun 2021 06:11 PM PDT

    “ On June 18, Sichuan officially issued a document requesting power generation companies are required to immediately stop supplying power to any virtual currency mining, and report the relevant situation on the 25th.”

    Posted: 18 Jun 2021 12:58 AM PDT

    Bitcoin Cash is the 2nd most known cryptocurrency in the UK

    Posted: 17 Jun 2021 02:56 AM PDT

    We add https://prompt.cash to our recommended services section on our website

    Posted: 17 Jun 2021 01:23 PM PDT

    Help me test the prototype of Electron Cash RPA

    Posted: 17 Jun 2021 07:57 AM PDT

    I'm pleased to announce an alpha release of Electron Cash with RPA functionality (Reusable Payment Addresses).

    Release includes software for Windows and Linux.

    https://github.com/Electron-Cash/Electron-Cash/releases/tag/4.2.4.2-RPA

    CHECKSUMS:

    16552a31efbd5d78518db2b08f1ee9db974d2fef830c15035998b2ba8f07b804 AppImage

    e8533cfaaaadf6fe7425e07863064b463dc3c02fb58bbb9aacf2cec23a529571 exe

    9aecfcd2e6619551266c4d7d6ab3c52059eb5a7d38f5d4fcb21b331e145b9e53 setup.exe

    11b4d15764a70ddf433ab8f86c4ef1459c2ac5cf0af3ab67951d2489487ed374 portable exe

    What is "RPA"?

    RPA (Reusable Payment Addresses) is a special kind of "address" that generates a fresh BCH address for each transaction behind the scenes with the following properties:

    a) It cannot be linked definitively back the address back to the paycode, or at least we can say there's plausible deniability...and generally can hide among other transactions.

    b) Uses ECDH cryptography and thus doesn't require an OP RETURN message, or any kind of off chain communication.

    Use Cases:

    1) Can be linked to an alias (such as CashAccounts) and anyone using the alias will have the same benefits of using fresh addresses, rather than relegating address aliasing to second class privacy status.

    2) Can be used to set up a public donation paycode "address" where an outside observer does not know which transactions are going to the paycode, nor would they know how much money is being collected.

    3) Can be potentially adopted in the future as a prevalant wallet type, which increases privacy for RPC and SPV wallets since the servers no longer know about all the addresses in the wallet.

    If you want to learn more, read the spec here:

    https://github.com/imaginaryusername/Reusable_specs/blob/master/reusable_addresses.md

    WARNING: This is "alpha" quality software, meaning it may have bugs. You are STRONGLY advised to only use this software with small amounts of money.

    So far, there hasn't been a lot of testing and I really need people to test this out and help me find the bugs! Thanks in advance.

    HOW TO USE:

    First, you need to be connected to a server that supports RPA. As of now, there's only one server:

    Fulcrum.Fountainhead.Cash (port 50102).

    You can connect to this from the network tab.

    Next, you should create a new wallet and choose 'Reusable Payment Address'. Once you create the wallet, go to the receive tab and copy the paycode. Then you can send money to this using the new RPA wallet software on an existing (standard) wallet file. -- Note that you cannot send to RPA from multisig.

    You can send money from an RPA wallet to another RPA wallet or to a normal wallet, and you can send from a normal wallet to RPA as well.

    submitted by /u/jonald_fyookball
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    Analyst Looks for Bearish Signal After Backwardation Takes Place in BTC Futures

    Posted: 18 Jun 2021 02:50 AM PDT

    This is your reminder that fractional reserve banking begins with "custodial wallets"

    Posted: 17 Jun 2021 04:44 AM PDT

    When you use a "custodial wallet," you never have a guarantee that the coins shown in your account are backed 1:1 with reserves. This obviously might not be the case. The custodian might choose to fractionally reserve.

    When custodial banks fractionally reserve, they create money and cause inflation. It's true that no base currency (M0) is created. But the M1 money supply is inflated when custodians fractionally reserve, with the exact same effect on the money's worth in the market as if extra coins had been minted.

    To see this in action, imagine Alice deposits 100 BTC in her custodial wallet with XYZ. XYZ only holds 10% of the deposits, and lends out the other 90% to borrowers. This is how every bank works.

    Bob needs 90 BTC so he asks XYZ for a loan and Bob ends up with 90 of Alice's original BTC. So now the accounts show this:

    • Alice: 100 BTC
    • Bob: 90 BTC

    90 BTC of M1 inflation was created.

    Bob doesn't need to use his 90 BTC yet so he holds them in his custodial account at XYZ. XYZ retains 9 of them and makes the other 81 available for lending.

    Charlie needs 81 BTC so he borrows them from XYZ. Now the accounts show:

    • Alice: 100 BTC
    • Bob: 90 BTC
    • Charlie: 81 BTC

    If you allow this to play out, then Dave ends up with 72 BTC, Ernest gets 64 BTC, and so on and so on.

    The net result is that if reserves are 10%, then the money supply grows by 10X.

    (If all of this is confusing, here is an excellent tutorial that explains it much better than I can.)

    TL;DR: by forcing BTC users into poorly regulated and almost surely fractional banking solutions, BTC users will experience the very sort of inflation that they think BTC is supposed to protect them from.

    submitted by /u/jessquit
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    Gatsby Starter for a BCH Wallet App

    Posted: 17 Jun 2021 03:44 PM PDT

    The Front-End page on FullStack.cash was recently updated with a ton of resources for front-end JavaScript developers to build wallet apps for the BCH blockchain. There are examples, Themes, Plugins, even games!

    If you have a business idea, all the tools you need to build out your idea is freely available.

    submitted by /u/trout-bch
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    I posted a ton of good content over at /r/BitcoinCash today. Go take a look!

    Posted: 17 Jun 2021 07:11 AM PDT

    BEST Bitcoin Cash MeetUp in the world just happened! Here is a sneak pea...

    Posted: 17 Jun 2021 08:37 AM PDT

    Banned from posting to r/Bitcoin

    Posted: 17 Jun 2021 04:56 AM PDT

    I got banned from r/Bitcoin because I used the word doge in a post. Apparently I was shilling a shitcoin, which is bullshit. So, enough of their shit. I'm joining you guys.

    submitted by /u/CurrentVegetable7159
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    As Monero reels from another embezzlement scandal, let's remember that this isn't the first time. Any time you donate to a slush fund, you are most likely just lining someone's pocket.

    Posted: 18 Jun 2021 03:12 AM PDT

    Posting here as this is likely to be censored off /r/cryptocurrency and /r/monero

    List of scandals related to Monero slush "community" fund:

     

    "I thought, 'I'm going to pump it and dump it,' because I was interested and taking the ideas and implementing them in bitcoin. The bitcoin code base was far more interesting to me than monero, and I thought, 'I'm not going to work on this codebase, it's terrible,'" he recalls. - Riccardo Spagni on Monero
    submitted by /u/litecoins_trade
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    100X Leverage in Margin Trading !!

    Posted: 18 Jun 2021 02:43 AM PDT

    Etor Exchange has brought a beautiful program for the traders. For the first time in India, Etor Exchange is launching its Margin Trading program where traders can take the advantage of 100X leverage on INR deposits. For the very first time, Indian traders can now invest their INR deposits in Etor Exchange and can avail of maximum profits. Etor Exchange is one of the renowned cryptocurrency exchanges which caters the profit-bearing ideas for the traders and always sets its goal to benefit the investors.

    For many years several cryptocurrency exchanges are providing different sorts of facilities to the traders but Etor Exchange is different from other exchanges. Its facilities and benefit-oriented programs make it unique and surprisingly lists it in one of the major cryptocurrency exchanges. Etor Exchange focuses on building up the traders' confidence by acute suggestions and appropriate guidance. Traders can get the benefit through the referral program where one can receive 10% on adding as many as downlinks. Even the traders can get 10% on each transaction done by their downlinks. These benefits can't be found anywhere else in the crypto market.

    submitted by /u/wall_decor
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    The largest bank in Denmark is apprehensive about cryptocurrency, but it will not intervene

    Posted: 18 Jun 2021 02:22 AM PDT

    We need BCH folks in El-Salvador and size the moment ASAP. BTC needs months to get ready. Bitcoin Cash is ready at day one!

    Posted: 17 Jun 2021 02:20 AM PDT

    Miami's mayor looks to woo Chinese bitcoin miners with low energy prices and clean nuclear power

    Posted: 18 Jun 2021 12:54 AM PDT
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