• Breaking News

    Wednesday, September 29, 2021

    BTC I risked a lot of my savings to staking BTC and thankfully, it was worth it.

    BTC I risked a lot of my savings to staking BTC and thankfully, it was worth it.


    I risked a lot of my savings to staking BTC and thankfully, it was worth it.

    Posted: 29 Sep 2021 12:09 AM PDT

    For a few years, I've been putting money into Bitcoin on a regular basis, nothing insane, just a few hundred dollars here and there. But lately, when I really went deep and recognized its true value, everything changed. Against everyone's advice from friends and family, co-workers,and common sense, I took out 40% of my savings and invested in staking BTC with various platforms.

    It's just not worth it to work for the rest of your life and receive barely enough for your daily NEEDS. And not to mention helping your family and things you WANT to buy.

    It's much easier to just dump alot into BTC (or even any crypto you are staking), sit back, and let BTC work for you...it might get flaky at times, but it's a lot better than working in an office 9-5 for the majority of your life, only to retire old at 65 with a pension that's been eaten up by inflation.

    Although of course, I'm not encouraging everyone to immediately quit your day job just because I received a lot from BTC. In fact don't ever do something like I did as well lol. Only stake what you can risk as this also needs time to grow as well.

    You need a lot of money for emergency funds, savings, stuff for your other investments like stocks, other crypto etc. And then after all that's done, you can do business or hell, even freelance. Anything to get out of toxic workplaces and politics.

    This would all be obvious hindsight in a decade, and it would be too late by then. Despite this, most people I've talked to and the ones who advised me say they're "too busy" to think about it properly.

    submitted by /u/SondraDemaio
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    RyverAsia: New Bitcoin Cash documentary is coming! Bitcoin Cash solves daily needs and promote free trade around the world. Big thanks to HongKonger and Filipino volunteers ��

    Posted: 28 Sep 2021 03:24 PM PDT

    Shop.com now accepts Bitcoin Cash! [Household, clothing, electronics, & more]

    Posted: 28 Sep 2021 12:22 PM PDT

    Netcoins delists Tether

    Posted: 28 Sep 2021 11:40 AM PDT

    BitPay and Verifone Partner to Exclusively Enable Cryptocurrency Acceptance - Verifone is one of the biggest merchant credit/debit card processors in the U.S. This is huge news for Bitcoin cash as Bitpay accepts it.

    Posted: 28 Sep 2021 01:24 PM PDT

    WARNING: The CashFusion server is currently experiencing an anomaly

    Posted: 28 Sep 2021 11:09 AM PDT

    EDIT: Seems that the situation is not as worrisome as first believed.

    u/imaginary_username informs us in a comment below that:

    If those are less than a few hours ago, they're likely result of me and /u/jonald_fyookball testing with lowering participation safeguards - don't panic.

    Basically: The fusion server has safeguards in place to make sure there are a minimal number of participants (else the whole thing is dropped), to prevent denonymization attacks. We've been under a constant DoS (where participants drop out at covert submission stage, making successful fuses difficult) - we don't know whether it's accidental or deliberate - for a couple days, and we're testing if dropping that safeguard for a bit does anything.

    It did, so whoever is DoS'ing ain't doing it with overwhelming force.

    TL;DR Good news is those tx are not bad actors denonymizing you, it's us testing. The bad news is we still don't have a good solution against the DoS itself, stay tuned. :/

    Edit: The limits are already back up, so no further "low participation" txs that look like denonymization attacks shall be made.

    Edit2: The reason a DoS solution is so hard is because Cashfusion needs to be run over an obfuscation network (Tor in this case) by nature; on clearnet you can punish naughty peers by banning their IPs, sooner or later they run out of addresses they control. It's really difficult to punish bad peers, even if you can assign proper blame, on Tor.

    "Original" post below:

    ___________________________________________________________________________

    My personal recommendation to CashFusion users whose need for privacy is...

    HIGH: Turn off CashFusion immediately.

    MEDIUM: Keep CashFusion running, but to be safe do not trust recent (i.e. maybe the last one week or so) CashFusion transactions to fully protect your privacy.

    LOW: Keep CashFusion running. I suppose people who fall into this category can continue using their Electron Cash wallet as normal.

    Over the last few days, CashFusion users have noticed a lot of fusions failing. Some have speculated that the CashFusion server may be experiencing a denial-of-service attack, i.e. a malicious actor may be making spurious requests to the server. Alone, a denial-of-service attack would probably only reduce the number of fusion transactions rather than result in any risk to user privacy.

    However, in the last few hours there have been a few anomalous transactions that may indicate a de-anonymization attack. Specifically, the number of inputs and outputs of recent CashFusion transactions has fallen way below normal. You can check this live at https://stats.cash/#/fusion

    In order for CashFusion to work, the average number of inputs and outputs should be roughly 60. A few recent transactions have had inputs and outputs in the single digits. The short-term average of inputs and outputs has not fallen this low since January 2021. I am working on packaging my statistical analysis better for laypeople to understand, but the bottom line is that this is very unusual and a cause for concern. [Posting now, will continue to add in a moment...]

    Initial post:

    Thanks to u/saylor_moon for noticing the anomaly immediately. I am not sure if it is actually a malicious attack or something else is happening, but something has definitely gone wrong. I will update this post momentarily....

    submitted by /u/Rucknium
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    The next BCH wallet should...

    Posted: 28 Sep 2021 02:01 PM PDT

    1. be as close to 100% FOSS as possible
    2. multi-coin but encouraging people to move to BCH
    3. have the best damn UI/UX in Cryptocurrency
    4. SmartBCH dapp browser
    5. be thinking about PMv3 integration (prediction markets)
    6. AnyHedge of course
    7. RPAs (reusable payment addresses)
    8. CashFusion?
    9. exchange via sideshift, THORchain...?

    We need a mobile, desktop and browser plugin wallet for the next level of Bitcoin Cash.

    What else? What would you like to see?

    https://twitter.com/GeorgeDonnelly/status/1442910613311672326

    submitted by /u/georgedonnelly
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    just a slack chat with a colleague...

    Posted: 28 Sep 2021 12:55 PM PDT

    The first BCH-native Play-2-Earn Gaming Guild: quietly buidling

    Posted: 28 Sep 2021 02:54 PM PDT

    The first BCH-native Play-2-Earn Gaming Guild: quietly buidling

    https://preview.redd.it/3vl6dkr5fbq71.jpg?width=400&format=pjpg&auto=webp&s=565d9a7dbac26953c9fcca226e3a09e5ab9a30c0

    After 1 week of work:

    - 18 players (all fully paid in Bitcoin Cash) with 100 players target at the end of 2021;

    - 60 Axies & 23 Eggs owned (open registry: https://axiebch.com/axiety/ );

    - worth of $19k liquidity added on BenSwap, and rising;

    - sustainable operational model behind the project: players provisions + breeding revenue are predictable & transparent sources of income;

    - active & supporting Telegram, Discord and Twitter communities;

    - farm & pool on BenSwap requested, waiting for further instructions & negotiations.

    Adoption effect: 18 persons now, 100 till the end of the year will be getting their "salaries" 100% in Bitcoin Cash. For most of them, this is a primary source of income, so they will probably adopt their family members, make remittances etc.

    We will keep buidling the best challenger (outside of top-3: BCH, EBEN & FlexUSD) project in the SmartBCH ecosystem.

    submitted by /u/Massive-Bandicoot-57
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    100 new stickers for 100 new businesses. BCH Argentina

    Posted: 28 Sep 2021 01:25 PM PDT

    We already have 52 of the 100 new stickers reserved. During the next few weeks we will be activating the 52 new businesses. https://i.imgur.com/a9IdpXb.jpg

    submitted by /u/BitcoinCashArgentina
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    Looking into flexUSD. The official reddit had nothing to say so far but I anxious to dig in. Thought maybe you would have some insight?

    Posted: 28 Sep 2021 03:54 PM PDT

    Is there a bitbonkers for BitcoinCash?

    Posted: 28 Sep 2021 08:18 PM PDT

    BitPay and Verifone Partner to Exclusively Enable Cryptocurrency Acceptance on Credit Card Terminals and In-App/eComm

    Posted: 28 Sep 2021 10:09 AM PDT

    Wells Fargo Just Got Fined, Again

    Posted: 28 Sep 2021 03:23 PM PDT

    BCH Weekly News in English, Chinese, and Japanese - Sep 27, 2021

    Posted: 28 Sep 2021 11:46 AM PDT

    I was asked to post this here as well: Public service announcement regarding fractional reserve schemes

    Posted: 28 Sep 2021 06:26 AM PDT

    Background: I started to post a daily PSA in the Monero trading sub after collecting circumstantial evidence within the community for 9 months. The observations made regarding XMR should (at least to some degree) be applicable to other cryptocurrencies as well. Don't say you haven't been warned.

    Likelihood of the most important centralized exchanges (CEX) running fractional reserve schemes/scams:

    Extreme high

    • Binance
    • OkEX
    • Bitfinex

    High

    • Poloniex
    • HitBTC
    • CoinEx

    Unclear

    • Huobi

    Low

    • Kraken

    Advice: Get your coins into your own wallet asap.

    Always remember...

    • "Not your keys, not your coins".
    • "A fool and his money are soon parted".

    Don't be that fool.

    submitted by /u/gr8ful4
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    Crypto Exchange Kraken Fined $1.3M For Offering Illegal Products

    Posted: 29 Sep 2021 01:27 AM PDT

    Buy the Best Paella in Caracas with Bitcoin Cash (hit CC for English subtitles)

    Posted: 28 Sep 2021 08:24 AM PDT

    PMv3 status update (prediction markets)

    Posted: 28 Sep 2021 07:45 AM PDT

    Discussion, End of Year predictions

    Posted: 29 Sep 2021 12:45 AM PDT

    Hoping it drops below 40k in the upcoming days and a surge to 50k around January. What are your thoughts?

    submitted by /u/MVA97
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    Who Holds All The Bitcoin?

    Posted: 29 Sep 2021 12:39 AM PDT

    On-Chain Data Shows Whales Have Started Selling

    Posted: 29 Sep 2021 12:19 AM PDT

    Hodler use cases for BCH?

    Posted: 28 Sep 2021 09:04 AM PDT

    What is the status of smart bch?

    If ready, what are the most exciting projects on top of it?

    Sorry, I have been a bit busy during the past 6 months or so - so I am a bit out of date with the status of BCH.

    submitted by /u/JarmoViikki
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