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    Saturday, July 31, 2021

    Home Unlabelled BTC Impossible Finance v2 suffered a flash loan attack in June - they fixed it, and covered all losses. This is what crypto should have more of.

    BTC Impossible Finance v2 suffered a flash loan attack in June - they fixed it, and covered all losses. This is what crypto should have more of.

    July 31, 2021

    BTC Impossible Finance v2 suffered a flash loan attack in June - they fixed it, and covered all losses. This is what crypto should have more of.

    Impossible Finance v2 suffered a flash loan attack in June - they fixed it, and covered all losses. This is what crypto should have more of.

    Posted: 31 Jul 2021 12:05 AM PDT

    Buying at Lowes with Crypto for the first time. (Screen recorded!)

    Posted: 30 Jul 2021 04:42 PM PDT

    Friendly reminder that the LiteCoin ($36) founder sold 100% of his coins as it ran up to $300 while wearing a HODL shirt for video interviews

    Posted: 30 Jul 2021 05:38 AM PDT

    Lightning Network can not grown to large scale even if most of its problems were solved

    Posted: 30 Jul 2021 06:51 PM PDT

    Lets supose that Lightning Network does not have routing problems and that all transactions being routed by half a dozen of hubs is not a problem.

    It still have a huge problem: Liquidity.

    Lets say that you want to be a LN hub, and you want to provide $1000 of liquidity to every users connected to you.

    That means that if you want to have 1000 people using your hub, you will need to lock $1 million in Bitcoins, now imagine providing liquidity for a network with large adotption?

    Now tell me, who will lock up millions or billions of Bitcoins to gain a very small amount of fees? Most people will pay 0.1% fees or less, and if the hub try to raise the fee, people will just use another hub.

    So Lightning network can only have a few thousand of BTC locked up by benevolent users who want to see the tech grown, but it provides very little incentive to rational actors, lending BTC to a DEX like Uniswap is much more profitable than providing liquidity to LN.

    So the only way i see that providing liquidity to LN is profitable, is if there is only 1 hub that have a monopoly on the transaction routing and that on chain fees are very high, like $50 or more (wich BTC devs want, so that BTC can be secure).

    So that the hub will not have any competitors and can charge high fees, like 1% or more, so that people will accept the high fees since they will be lower than on-chain fees.

    I doubt that LN will reach at this state, in the future most of BTC users will be millionaries, companies, etc. Entities that transact very large amounts and do not care about the on-chain fees, fees will be so high that most people will not even be willing to open a LN channel, just migrating to BCH or other cheap cryptos.

    If there will not be a monopoly of hubs and on-chain fees do not rise to insane levels, LN will never have a good amount of liquidity and simply become a niche technology that nobody uses.

    The only fate of LN is failure.

    submitted by /u/Nerd_mister
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    "I am actually pretty impressed that I transferred that money over only because I am not kidding you I am the worst computer person in the world"

    Posted: 30 Jul 2021 11:21 PM PDT

    I tip my hat to the Bitcoin Cash developers. What a difference from some other projects, eh? I received this message tonight from a first time Bitcoin Cash user. I had sent this person some BCH but they had never done anything with it. Then, they got a new phone. Tonight it took less than 2 minutes for my friend to become an experienced bitcoin user, without even much help at all.

    submitted by /u/theygrabthemic
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    Does anybody know what's going on with the SLP infrastructure on exchange.bitcoin.com? Seems like their SLP infra has been down for months now and they have been telling everybody it will be right back up .... for months now.

    Posted: 30 Jul 2021 08:30 PM PDT

    "Technical Analysis" is Meaningless Financial Astrology (A Read.cash article)

    Posted: 30 Jul 2021 11:52 PM PDT

    Reminder: Tether’s Cash Reserves are 3.78%!!!

    Posted: 30 Jul 2021 11:46 PM PDT

    Read.cash platform suffer plagiarism from people who use the articles/posts to monetize in their behalf when they aren't legitimate owners of the content in clear attempt to earn BCH in fraudulent way, it's a content creator duty to warn about it

    Posted: 30 Jul 2021 11:54 PM PDT

    BlockFi’s Lead Investor Bows Out Amid Regulatory Uncertainty

    Posted: 30 Jul 2021 09:38 PM PDT

    Please Call your senators those who live in the US

    Posted: 30 Jul 2021 03:44 PM PDT

    New (2nd generation) Bitcoin seed storage device...

    Posted: 30 Jul 2021 02:34 PM PDT

    Following months of Bitcoin community testing, and invaluable feedback, the BitPLATES® Domino® plates have now evolved into a 2nd generation product!

    www.bitplates.com

    Domino® plates are now more intuitive and easier to use... therefore, safer to store your Bitcoin wallet seed words, by preventing user error.

    The addition of the built-in alphabet guide wasn't totally welcomed by all users, but we think that it's much safer to avoid confusion.

    We've kept the 3mm hole to tie things to, or help hang the Domino® from, and the deep engraved letters, numbers and grid-lines with black inlay, still remain an integral part of the design.

    Choosing 1 dot for the first 6 words, and two dots for the second six words is also more intuitive to understand, and was suggested my several people during the testing... This will make it safer to store 24 Bitcoin seed words per plate.

    Removal of any brand markings and serial numbers, reduces the plates value to a non-technical thief, and is better for overall personal security.

    Finally, the brushed-finish on both 304 (industrial-grade) and 316L (marine-grade) stainless steel models, reduces reflective glare, and therefore, makes the Domino® easier to use.

    All of our existing customers are being offered a free upgrade, and there are free plates for all of our valued Bitcoin community testers, without whom, this evolution would not have been possible.

    A video overview of the 2nd generation Domino® plates can be seen on our website or here: https://youtu.be/aIuayXWXzyg

    And a full step-by-step tutorial guide can also be found at on our website or here: https://youtu.be/kOalZrCujwk

    Just to make things a bit sweeter, we've added an automatic 15% discount when purchasing more than one plate at a time: www.bitplates.com

    The price of a single Pocket Domino® starts at just £18.50 GBP before the discount, and we hope you agree that this is good value for money.

    Your feedback, as always, is very welcome!

    Thanks,

    Chris @ BitPLATES

    submitted by /u/BitPLATES
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    BCH Recovers Above $500 As Cryptocurrency Market Bulls Regain Control

    Posted: 30 Jul 2021 09:24 PM PDT

    Who are our SmartBCH validators? Would you like to introduce yourselves?

    Posted: 30 Jul 2021 09:52 AM PDT

    Moody’s Lowers El Salvador Rating, Maintains Negative Outlook Partly Due to Bitcoin Law

    Posted: 30 Jul 2021 07:25 PM PDT

    I’ve been seeing a lot of twitter chatter about smartBCH coming online.. Is there a confirmed date for this?

    Posted: 30 Jul 2021 07:00 AM PDT

    If the Gift Cards section of the Bitcoin.com wallet was made into a separate app, could it be marketed as a direct competitor to Dash's retail app?

    Posted: 31 Jul 2021 02:21 AM PDT

    Dash's new app is cool and all but we already have this it's just not promoted that much. In the bitcoin.com app theres a huge list of stores you can instantly buy giftcards from

    submitted by /u/FamousM1
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    Btc holograms by me

    Posted: 30 Jul 2021 03:31 PM PDT

    In celebration of #BitcoinCashDay on Aug 1st, we are increasing token rewards to 100 JOY Tokens per play! Play directly inside the Bitcoin.com Wallet!

    Posted: 30 Jul 2021 06:32 PM PDT

    Coinflex their FLEX slp token just hit 1 dollar last night on uniswap (it is also ERC20) and coinflex.

    Posted: 30 Jul 2021 10:26 AM PDT

    It's time to switch to sound money!

    Posted: 30 Jul 2021 10:31 AM PDT

    Bitpay's monthly asset usage statistics (JUNE 2021 UPDATE)

    Posted: 30 Jul 2021 06:49 AM PDT

    On this June 2021 update we see BTC is sliding below 60%, while ETH, BCH and DOGE are gaining ground.

    Overall transaction count is still on the decline though, perhaps due to competition in the market or just people not USING crypto as much as they used to.

    Data graphs: https://imgur.com/a/3MlnYQb

    Data source: https://bitpay.com/stats/

    submitted by /u/-UNi-
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    My latest article on read.cash guys,.! Please do support me.,! ����

    Posted: 31 Jul 2021 12:26 AM PDT

    I'm working an app that predicts cryptocoin performances without the use of historical data

    Posted: 31 Jul 2021 12:03 AM PDT

    I'm working on an app that provides insights into over 5000 different coins including. Its aim is to alert users when certain coins are on the rise.

    Here's some screenshot of the apps capabilities https://imgur.com/a/1CTgcqx

    Based off what you see do you think my app has any potential? Would you be interested in seeing more of it and offering feedback?

    If you'd like to be involved, please see mailing list link below: https://docs.google.com/forms/d/e/1FAIpQLSda_1uieqE4XKS75gHwy0TjkTaslmtDNvWeAu0msc-NfJw-tg/viewform?usp=sf_link

    submitted by /u/Morphius9201
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    Why This Company Left “The ETH DeFi Jenga Tower” To Build Over Bitcoin

    Posted: 30 Jul 2021 11:41 PM PDT

    BitPal July update

    Posted: 30 Jul 2021 04:26 AM PDT
    Read more
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