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    Saturday, August 28, 2021

    BTC Custodial, Region Locked and KYC... Welcome to the Strike (My First Experience)

    BTC Custodial, Region Locked and KYC... Welcome to the Strike (My First Experience)


    Custodial, Region Locked and KYC... Welcome to the Strike (My First Experience)

    Posted: 27 Aug 2021 02:36 PM PDT

    Here's Antonio: From no Bank Account, No Savings... to 20+ Employees Through Bitcoin!

    Posted: 27 Aug 2021 08:24 AM PDT

    SmartBCH's Fee Burning Policy is Counterproductive and Should Be Removed

    Posted: 27 Aug 2021 11:08 PM PDT

    I saw the recent post about SmartBCH having burned its first full BCH token. While I commented on that post explaining why this is a bad idea, I thought it would also make sense to create a top-level post for more visibility, so here it goes.

    In order to burn BCH, SmartBCH must charge fees in excess of what it would otherwise cost to operate the sidechain. In other words, without the burn feature, usage of SmartBCH would be cheaper. Does this sound at all familiar? It should, because that is a large part of the reason I, and hopefully most of you, use BCH instead of BTC. Excessive fees discourage use. Why would the SmartBCH team want to discourage people from using their product?

    The SmartBCH team claims that the burn feature of SmartBCH is a way to "give back" to the BCH community. That is, to an extent, true. However, doing this is not free. By making their service artificially expensive, they discourage its use. Usage of SmartBCH itself also increases the value of BCH, so by artificially increasing the fees to use SmartBCH they are causing BCH to be less useful, decreasing demand for BCH, and hurting the value of BCH.

    Another way to analogize the burn feature of SmartBCH is to compare it with a government transfer payment, or welfare. In this case, the "taxpayers" are SmartBCH users and the welfare recipients are people who hold (not use) BCH. The one saving grace here is that this transfer payment is 100% efficient due to no overhead required as there is with traditional government transfer payment programs. However, at the end of the day, the burn feature is robbing people trying to use BCH in order to subsidize people who simply hold it. Not good.

    The overall effect of SmartBCH on the value of BCH will probably be positive because its net effect is to create more utility for BCH. However, that has nothing to do with the burning feature and everything to do with SmartBCH's existence and usefulness for actually doing something. We should encourage more usage of SmartBCH, not less.

    TL;DR: There ain't no such thing as a free lunch. The burn policy incentivizes "hodling" behavior rather than actual usage of BCH, and that is bad. Stop it.

    Thank you for coming to my TED talk.

    submitted by /u/gotamd
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    Ethereum has had a chainsplit.

    Posted: 27 Aug 2021 10:05 PM PDT

    40% of all trades of BCHG during the past 2 weeks were shorts. 13% of all BCH in the BCHG fund is being shorted, totaling 4,371,626 BCHG shares. Finally some data about how heavily shorted BCH is. Interest rate is quoted at 129%.

    Posted: 27 Aug 2021 01:43 PM PDT

    Tether Ban ��: Ontario securities regulator bars the country's first registered crypto platforms from trading Tether

    Posted: 27 Aug 2021 02:40 PM PDT

    Any SmartBCH dapps out yet?

    Posted: 27 Aug 2021 10:47 PM PDT

    What the title says.

    submitted by /u/Username-17
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    Forced adoption of a non-privacy coin is a form of tyranny in and of itself due to the potential for financial surveillance! Help us to disclose and spread the truth behind Strike/ElChivo with Salvadoran talent for Salvadoran people.

    Posted: 27 Aug 2021 04:26 PM PDT

    SmartBCH can't come fast enough, someone that loses $1466 on a failed gas transaction on Ethereum.

    Posted: 27 Aug 2021 01:02 PM PDT

    SmartBCH has burned it's first whole BCH

    Posted: 27 Aug 2021 12:30 PM PDT

    NFT explosion sweeps markets : The Bitcoin.com Weekly Update

    Posted: 27 Aug 2021 10:52 PM PDT

    I used Bitcoin Cash to implement a new kind of subscription model

    Posted: 27 Aug 2021 05:11 AM PDT

    It's Fusion Friday!

    Posted: 27 Aug 2021 01:01 PM PDT

    CashFusion helps keep your transactions private. Your finances are your business, and no one else's!

    Over 6 Million Bitcoin Cash has already been made private using this innovative, non-custodial mixing protocol.

    https://stats.cash/#/fusion

    https://fusionstats.redteam.cash/

    You can "Fuse" all week for a few cents in fees if you want. This post is just a weekly reminder.


    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, send it some Bitcoin Cash, and then activate CashFusion by clicking the icon in the lower right: https://i.imgur.com/DXEPLtf.png

    Once it's activated, your wallet will start "fusing" the Bitcoin Cash it contains. That is, it will start mixing your coins with other CashFusion users. This happens automatically in the background once CashFusion is enabled.

    "Fusions" happen over time as their own transactions, only costing you the network transactions fees. (Usually less than a US cent.) Each fusion transaction will include some of your coins*, so it will often take multiple fusion transactions before all the coins in your wallet are fused. Check "spend only fused coins" on the send tab if you want Electron Cash to prevent you from sending funds that haven't been made private yet.

    Electron Cash can keep fusing your coins forever, or it can aim for a certain number of fusions for each of your coins. Toggle this setting and choose the target number of fusions by right clicking the Fusion icon and then choosing "CashFusion Wallet Settings".

    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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    Updates from Joystick.club!

    Posted: 28 Aug 2021 01:34 AM PDT

    Updates from Joystick.club!

    It has been nearly a month since our Flipstarter sadly failed to reach funding. Despite this, we have continued to build our pay to play BCH powered gaming platform.

    We are excited to announce 3 major updates

    1. New Game - Satoshi's Angels

    The best, brightest, and most beautiful BCH onboarding group Satoshi's Angels (https://www.satoshisangels.com/) is now featured inside of our newest Space Shooter game.

    Save the world and collect coins in this fast paced Space Shooter Game with multiple weapons. Onboard the world, while offboarding the enemies.

    2. New Feature - Platform supports ALL bch enabled wallets

    When we were in early development of our project. It was Roger Ver, owner of Bitcoin.com, who told us he liked our project but that he wished we'd support more than just Badger Wallet and the Bitcoin.com Wallet. As a businessman it's clear he supports the community beyond just his own investments. We set out to refactor our project to support generating QR's and addresses that all BCH wallets can pay to.

    We're happy to share that you can now play with any bch enabled wallet. See demo video below.

    Don't forget that you can also play the game directly inside of the Bitcoin.com Wallet discover area.

    https://reddit.com/link/pd65wz/video/d5u5hjtj52k71/player

    3. First Dividend Payout to 182 Players

    Since our launch just a short time ago, we've had 182 players of Joystick.club. Each of those players received JOY tokens for playing a game (winners and losers, all win tokens). We've sent out a payment for 50% of our revenue generated from this platform to holders of JOY token. See our announcement from telegram https://t.me/joystickclub

    See Dividend Payout:

    https://blockchair.com/bitcoin-cash/transaction/a81f065ee482094f4a3f6acaf81fcc56b03d959d474f355bdc9eb57e4b149c9b?from=bitcoin.com

    Please test out our game in browser or inside of the Bitcoin.com Wallet. We would love any feedback or ideas to improve our platform. Join our telegram and share feedback or comment below thank you so much!

    submitted by /u/amalektricity
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    Bug impacting over 50% of Ethereum clients leads to fork

    Posted: 27 Aug 2021 12:02 PM PDT

    BTC handles only ~5tps. It would take ~40 years for world's population to do 1tx per person & get onboarded to LN.

    Posted: 27 Aug 2021 05:35 AM PDT

    Bitcoin cash animal rescue - Good news and a new case.

    Posted: 27 Aug 2021 06:03 PM PDT

    Bitcoin cash animal rescue - Good news and a new case.

    Dear community I hope you are all well!

    Today I am happy to tell you that our last rescue Lucy after her surgeries managed to recover again and we have managed to give her a new home with people who are willing to love and take care of her, thus giving her a new opportunity to be happy!

    https://preview.redd.it/u4nnn9lrwzj71.png?width=800&format=png&auto=webp&s=c89989dc354cd40e37294239bed2f3ae0ef252eb

    Lucy before her surgery

    In addition to this today I am here again presenting a new case.

    This little dog is Kimba, she was rescued yesterday which we managed to see her lying on a cardboard in a busy area of my city, when we picked her up we realized that something happened to her in one of her paws and therefore she could not stand for long.

    We proceeded to take her to the nelve clinic, where the necessary studies were carried out to determine her state of health and what happened to her paw.

    Which revealed that she had a strong fracture in her femur, as you can see on x-ray plates.

    Kimba must undergo surgery in which a metal structure would be placed which would allow his prompt recovery.

    The Surgery will be carried out tomorrow and will cost 0.60BCH

    https://reddit.com/link/pd06op/video/r3bywv7nxzj71/player

    If you want to support us in our project you can do it as always through our

    official fundraising campaign:

    Sponsors Cash

    or directly to our official wallet

    https://tipb.ch/Bitcoincashanimalrescue

    let's keep saving lives with Bitcoin cash.

    submitted by /u/GersonArellano
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    Hey everybody, Kain_niaK here. I can move any amount of crypto over for you to SmartBCH with a 1 dollar minimum. Find @Kain_niaK on telegram and DM me.

    Posted: 27 Aug 2021 10:51 AM PDT

    Is buying regular bitcoin a mistake vs. Bitcoin Cash?

    Posted: 27 Aug 2021 07:05 AM PDT

    I've been following this sub for a while so I'm aware of the split, and how this is the OG bitcoin (can't remember why cash is better however). I recently bought $50 of Bitcoin through cash app because of how simple they make it (first time crypto buyer).

    My intent is to hold long-term and continue buying more because it's better to have money in assets instead of putting it all into savings.

    My two questions are, is buying bitcoin a mistake because its not bitcoin cash? And is there an easy way to buy bitcoin cash?

    submitted by /u/nman649
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    Malware victim robbed of 16 Bitcoin to sue parents of young hackers

    Posted: 27 Aug 2021 08:57 PM PDT

    BTC fought the payment narratives and lost. Optics wise, BCH is also BTC to many. BCH should reevaluate it's use case. Time is of the essence

    Posted: 27 Aug 2021 02:02 PM PDT

    Obviously, the BCH team has been trying to avoid falling into the BTC dilemma, i.e., holding the coin, but the BCH team should not underestimate what the market realities are telling them. The world payment system powered by relational databases will do just fine without the extra layer of complexities that crypto brings and ridiculous costs. Therefore, crypto must have a fundamentally intrinsic use case where fiat could not compete. If the focus is a store of value in anticipation of an increase in value and deflationary like Bitcoin, that should be promoted and not payments. Payments are highly localized and regulated.

    BTC fought the payment narratives and lost. BCH should reevaluate this. I'm a supporter of BCH. I had 95% of my holding in BCH at some point and have suggested many initiatives that were brushed aside by the team. Lately, though, I noticed that the coin might be swimming against the tide of the ever-evolving crypto dynamics.

    The success of any project is a reflection of the people behind it. Learn from Criticism, don't be defensive all the time.

    Thanks

    submitted by /u/remittancetoken
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    Are there any useful BTC Discord channels? Can you name some of them?

    Posted: 27 Aug 2021 07:48 AM PDT

    I am looking for great crypto/defi servers to join. It is also important for me to join not a specific project but a more versatile, multi-skilled, and experienced community. The channel should have a variety of topics for discussion, a positive attitude, useful educational tips, etc.

    Please, share your opinion and highlight your top list of the best public and private Discord servers. I would also appreciate it if you could define some of the strengths of these servers, which are what make them so great. A thousand thanks in advance, mates!

    submitted by /u/MDiffenbakh
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    What if BitcoinCash (BCH) replaces Bitcoin (BTC) core

    Posted: 27 Aug 2021 09:47 AM PDT

    Leaked video about #strikebeach

    Posted: 27 Aug 2021 08:38 AM PDT

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