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    BTC This didn’t age well

    August 12, 2021

    BTC This didn’t age well

    This didn’t age well

    Posted: 11 Aug 2021 05:52 PM PDT

    Blockchain-support scam beware

    Posted: 11 Aug 2021 08:52 AM PDT

    Learn to use cash fusion and cash shuffle.

    Posted: 11 Aug 2021 10:01 PM PDT

    Learn to use cash fusion and cash shuffle.

    You know what you should do is learn to use coin shuffle and cash fusion because soon you will need them. The truth is people who don't work want to get your money so it is time for you to start learning privacy tools and start using less and less and centralized exchanges. I am guilty of this because I move my coins for a lousy $50 bonus that now will force me to do some privacy work on my coins.

    https://qz.com/2045654/the-infrastructure-bill-could-threaten-innovation-and-privacy/

    https://preview.redd.it/0zpk6j0zzug71.png?width=1280&format=png&auto=webp&s=b1a645ff75526d586adadab5ee00480720074ebb

    submitted by /u/francis105d1
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    Smart Bitcoin Cash

    Posted: 11 Aug 2021 10:41 AM PDT

    “ BCH is trying to break $600.00 and I want to see that too because Bitcoin Cash deserves a price of $4500.00 already. DeFi on BCH, really low transactions cost for years and more years to come in the future, not to mention that it has the potential to take the first place on CMC”

    Posted: 11 Aug 2021 06:29 AM PDT

    On a mission to promote BCH

    Posted: 11 Aug 2021 10:42 AM PDT

    I recently resurrected this account to promote BCH, back in the day I put quite a lot of time into pushing BTC, at that time it was still peer to peer electronic cash and very much for coffee and everything else.

    Of course now BCH has taking on the role, BCH is the bitcoin I and I'm sure many others wanted, not the bullshit digital gold you HODL and hope to sell at a later date for more dollars than you paid.

    So, I relaunched BitTippers as r/BitTippersToo as a sub where new guys can go and pick up a few bits to test out crypto, a sub where "pay it forward" is emphasized, not "hodl". A sub where more experienced dudes can help out and in a fun friendly atmosphere give a little coin to people just starting on their crypto journey. ( We do need more experienced guys over there because currently it's mostly me giving away the coin !)

    So my next mission, I'm going to a festival in a week's time and am starting to think about phone charger, supplies and money. I've been to this festival before and last time it was very much cash based but I've heard this year contactless is being pushed so I'll be taking a bit of cash, my phone with Google pay and a debit card. I'm under no illusions that I'll be able to use BCH but I'm going to be asking !!!

    I have over the years got many friends to download wallets for personal use but I have less experience with retailer's. My first thoughts are, with stall holders if they have a contactless card reader then I'm going to try pay with Google pay as I find it secure and convenient, while doing so as I have my phone in my hand, I can say something like " have you considered cryptocurrency as a alternative to paying for the card reader, I could send straight from this phone straight to your phone and it would cost you nothing in fees or charges" . I don't want to be pushy or overbearing and also I'm going to the festival to see some bands and have a good time, Im not going to be going from retailer to retailer giving them a sales pitch lol!

    So any ideas or advice , I'll probably be recommending the bitcoin.com wallet as I know it and have it on my phone.

    submitted by /u/ivorbighead
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    How did we get to this point?

    Posted: 11 Aug 2021 09:41 AM PDT

    Ethereum surpasses Bitcoin by volume at largest US brokerage

    Posted: 11 Aug 2021 11:07 PM PDT

    Coinbase said it now has a total of 68 million verified users.

    For the first time in history, the world's second most valuable cryptocurrency, ethereum, has surpassed bitcoin in terms of trading volume at the largest US cryptocurrency broker, Coinbase .

    According to the platform, development of ethereum was responsible for 26% of the total trading volume in the second quarter of this year, compared to 24% for Bitcoin.

    That suggests it may have been a fluke that the ethereum price rose significantly in the second quarter of this year, after bitcoin kind of peaked at $64,000.

    Institutional

    Institutional trading volumes are starting to dominate the market, reaching $317 billion from the $215 billion in a magnitude higher than the $17 billion in the second quarter of 2020.

    For retail investors, volumes reached $145 billion and are significantly higher than the $11 billion in the second quarter of 2020.

    Institutional investors are also starting to dominate the market with $92 billion of platform assets held by them, up from $11 billion in the second quarter of 2020.

    In terms of retail, they held $15 billion in assets in the second quarter of 2020, and now hold $88 billion in the last quarter, with institutional investors taking over in the fourth quarter of 2020.

    Still, there isn't a big gap between institutional and retail ownership, while for trading volumes there is a difference of $172 billion.

    Thus, institutional investors clearly trade much more, and it is not clear what exactly this suggests, except that both retail and institutional investors have a somewhat equal influence with respect to basic supply and demand.

    Therefore, we continue to see the 50% volatility fall and gain as retailers panic, thus perhaps further influencing bitcoin price in the medium to long term.

    On the other hand, financial companies are likely to have more leverage in the short term, as they trade twice as much as retail investors.

    Coinbase also said it now has a total of 68 million verified users.

    Retail monthly transaction users (MTUs) increased to 8.8 million, a 44% increase from the first quarter of 2021, with more than 9,000 institutions continuing to deepen and broaden their activities in the crypto economics and more than 160,000 partners in the ecosystem that are using our cryptocurrency tools and services to engage with their own customers.

    submitted by /u/yokesh351
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    The Bitcoin Cash Podcast #25: BCH Day! Number 4

    Posted: 11 Aug 2021 12:14 PM PDT

    Bitcoin.com wallet alternatives for an idiot like me?

    Posted: 11 Aug 2021 08:00 AM PDT

    I had a real boomer moment today 🤦🏻‍♂️…

    I wanted to show a friend how the Bitcoin wallet works. Made her install it, wanted to send 1$ and accidentally pressed the wrong button and send her ALL my bch! Got it back of course, but damn!

    I'm gosh darn embarrassed over here. Is there a wallet that does not have a send all button (or at least not that near to the rest of the UI?) so I never need to worry about this again?

    Why on earth is there even a send all button so close to the input field? How often does that come up 😐

    Anyways.. looking for a wallet where the UX is a bit less dangerous for my dyslexic ass.

    submitted by /u/recursive_while_loop
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    Update on The BitcoinCash Nigeria Flipstarter Campaign

    Posted: 11 Aug 2021 04:10 PM PDT

    Question about cold storage

    Posted: 12 Aug 2021 12:05 AM PDT

    At this point I have all of my BCH in my Bitcoin.com Wallet.

    I would like to move most of it into a cold wallet for safe keeping.

    Do I understand the process correctly:

    1. Create a second wallet.

    2. Write down the seed words and 1 public address.

    3. Transfer to new wallet via that public address.

    4. Delete the wallet from my phone.

    5. store seed securly.

    Some concerns…

    If I use Bitcoin.com wallet to do this and Bitcoin.com wallet ever gets taken down, deleted, shut down by the government, etc. can I still access my funds? Bitcoin.com Wallets do not use the BIP39 algorithm to generate a private key so how would I access my funds via a different wallet only having the private key seed?

    submitted by /u/recursive_while_loop
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    My Personal Thoughts About The Infrastructure Bill (Or Any Bills)

    Posted: 11 Aug 2021 05:07 PM PDT

    I have not kept myself up to date about the impact of the infrastructure bill on crypto markets. I seldom read the news because it is so depressing. But this article is not so much about that bill, but rather that when it comes to regulations, the common people is always fighting an unfair and unreasonable asymmetrical battle against the regulators.

    I remember a video where lawmakers were gathered into a room and given a single day to read a gigantic pile of paper, more than 25000 pages and then to decide whether to approve the bill or not. It does not take a genius to see how this process can be abused to the advantage of those pushing for the bill to happen. They could sneak in a paragraph of self benefiting terms and nobody would be none the wiser.

    So why do I say the common people is always fighting an unfair and unreasonable asymmetrical battle against the regulators? Think about the amount of energy the people has to organize in order to fight a single bill pushed forward by the regulators. For the regulator, it takes a day of writing a new bill and to push forward their personal agenda. For the common people to appeal against it, you have to organize a large group of people and convince them to call up their senators, email the relevant regulators, organize a petition with thousands of signatories, and even so, the bill has great odds of being passed regardless of all these efforts against it. Well, in the event where the bill can't pass, the guy who wrote the bill can just modify the bill a little bit and push it forward again. And the common people has to re-organize themselves, convince them to call up their senators, email the relevant regulators, organize a petition with thousands of signatories and so on. The amount of energy required to push forward a bill is almost insignificant compared to the amount of energy required to appeal against the bill. This asymmetrical battle is why I think the political system is rigged from the start.

    If you think the government cares about you, I am here to tell you that they don't. Maybe there are benevolent dictators out there, but the odds are so small we should just assume there is none. You cannot change a corrupted system by appealing to the same group of corrupted politicians for change. In a rigged game, the winning move is not to play that game at all.

    Source: https://read.cash/@MobTwo/my-personal-thoughts-about-the-infrastructure-bill-or-any-bills-5fa74288

    submitted by /u/MobTwo
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    Gary Gensler is the Next Crypto Trojan Horse / Wall Street Shill

    Posted: 11 Aug 2021 05:40 PM PDT

    https://decrypt.co/77656/what-weve-learned-about-sec-chairman-gary-genslers-stance-on-crypto

    I've heard about enough about this guy. He claims he wants to "protect investors" when everybody knows that smart people hold their keys and can see that 90% of so-called mainstream finance is the actual SCAM. Stock markets are rigged, brokers and quants front-run the little guy, news media and a-holes like Cramer pump and dump shit all day, and the Fed will always print money for the hedge funds whenever they lose.

    Crypto being "unregulated" is the only reason the little guy has any chance to get ahead. My prediction: Gensler will go down in history as one the biggest two-faced mealy-mouthed government shills, and will usher in the crypto component of The Totalitarian Takeover of Just About Everything®.

    submitted by /u/wtfCraigwtf
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    After update, Ethereum rates hit the highest level in three months

    Posted: 11 Aug 2021 10:38 PM PDT

    Improvements brought about by EIP-1559 cannot prevent rate increases

    Less than a week after Ethereum passed a hard fork that transformed its fee system , the cost of sending and receiving cryptocurrencies over the network reached the highest level in three months.

    When the update was activated last Thursday (5), fees were around US$14. This Wednesday (11), the average cost to process a transaction rose to US$21, a 50% increase in six days, according to BitInfoCharts data .

    This is the highest price seen since May 22, when rates hit $22. Since August began, using the network has gotten 162% more expensive.

    The 22% appreciation that the ETH accumulates throughout the week does not fail to influence the increase in rates in dollars. However, gas rates measured in gwei follow the same upward pattern. This Wednesday, gas hit 65.2 gwei for the first time in nearly two months of decline, according to data from YCharts .

    The EIP-1559 improvement included in last week's Ethereum hard fork caused all ether used to fund transactions to be burned rather than going to the miners.

    Since then, an algorithm is responsible for regulating the price of the base rate according to market activity, increasing the gas when the movement increases and decreasing when it is calmer.

    Although the upgrade has emerged as a way to solve the rate problem and make it less volatile, network costs still skyrocket when activity grows. After all, Ethereum development can still only process a limited number of transactions at a time.

    NFTs move the network

    The spike in non-fungible token trades ( NFT ) may be boosting Ethereum rates. Etherscan data shows that OpenSea, one of the top NFT markets today, is responsible for paying 14% of all network fees in the last 24 hours. In fact, the platform broke a record on Sunday (11), reaching a historic volume of US$ 78 million, according to Dune Analytics .

    At this pace, Open Sea left behind Uniswap , the largest decentralized exchange in the industry that until then was responsible for the largest consumption of fees on the Ethereum network.

    submitted by /u/yokesh351
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    What are your top 3 cryptocurrency picks?

    Posted: 12 Aug 2021 01:16 AM PDT

    Successful SLP token swap on the AtomicDEX

    Posted: 11 Aug 2021 05:32 AM PDT

    Z-Rune Pagan Arts Workshop activated crypto / BTC payment option for its webstore - mooving to the Future! BTC to the Moon!:)

    Posted: 11 Aug 2021 12:07 PM PDT

    "Decentralized Prediction Markets Explained For Beginners!"

    Posted: 11 Aug 2021 12:39 PM PDT

    Join us for a Twitter Spaces conversation on the future of Bitcoin Cash tomorrow Thu 12 Aug @ 15:00 UTC / 11AM NYC / 11PM Singapore. All are welcome!

    Posted: 11 Aug 2021 10:06 AM PDT

    “ #Stablecoins have a history filled with LIES, sketchy balance sheets, and false pledges of stability. Stablecoins are often backed by illiquid, RISKY assets, and aren’t redeemable, making them vulnerable to runs. Watch your wallet.”

    Posted: 11 Aug 2021 10:16 AM PDT

    Make your life more enjoyable!

    Posted: 11 Aug 2021 09:55 PM PDT

    Upcoming event!! Mark Yusko is joining the biggest names in Crypto and Blockchain on August 15. Catch Paul Brody and 40+ more at Reimagine! Don't miss your Free ticket and a chance to win cryptos

    Posted: 12 Aug 2021 12:49 AM PDT

    Bitcoin.com Desktop Wallet?

    Posted: 11 Aug 2021 08:40 AM PDT

    Is the desktop wallet no longer available? The bitcoin.com website only links to the ios/android wallet. The git only links to the apk file. The zip file only contains a readme file.

    submitted by /u/MediocreUpstairs
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    How are they going to tax crypto

    Posted: 11 Aug 2021 08:08 AM PDT

    Aside from kyc exchanges and increasing kyc requirements, how do they plan to tax an asset they can't prove you have the private key to? If I don't move back to usd and adoption gains any traction how do they prove which entities owe what if I continue to use wallet softwares that don't require an identity? I should probably read more up on the bill but if anyone has an answer or article please link.

    submitted by /u/theimpregnator69420
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