• Breaking News

    Sunday, September 12, 2021

    BTC This business group behind Chivo wallet in El Salvador is the same one that committed at least 2 acts of fraud in the Dash ecosystem in 2018/2019 and today still has 2 active Dash proposals

    BTC This business group behind Chivo wallet in El Salvador is the same one that committed at least 2 acts of fraud in the Dash ecosystem in 2018/2019 and today still has 2 active Dash proposals


    This business group behind Chivo wallet in El Salvador is the same one that committed at least 2 acts of fraud in the Dash ecosystem in 2018/2019 and today still has 2 active Dash proposals

    Posted: 11 Sep 2021 10:28 PM PDT

    Article: https://elfaro.net/es/202109/el_salvador/25696/Detr%C3%A1s-del-bitcoin-y-la-Chivo-Wallet-tambi%C3%A9n-hay-venezolanos.htm

    Google translated: https://translate.google.com/translate?sl=es&tl=en&u=https://elfaro.net/es/202109/el_salvador/25696/Detr%25C3%25A1s-del-bitcoin-y-la-Chivo-Wallet-tambi%25C3%25A9n-hay-venezolanos.htm

    See the section on "The Dash Merchant Venezuela Fraud" here: https://morelibertynow.com/what-happened-with-dash/. Google "Dash Merchant Venezuela" to get more background coverage.

    These people are currently collecting funds from the Dash treasury while also promoting Lightning Network for the dictator in El Salvador. They graduated from petty fraud to helping an authoritarian regime onboard its population to a fake bitcoin IOU system.

    submitted by /u/georgedonnelly
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    Caution about a clever Telegram scam.

    Posted: 11 Sep 2021 06:17 PM PDT

    Why does the LN Network in El Salvador appears like smoke and mirrors?

    Posted: 11 Sep 2021 08:33 PM PDT

    Tweets going around about guy paying for starbucks using LN and paying zero fees.

    What's not shown in the tweets:

    • Whether or not he has to route payment through a Middlemen.
    • The variable on-chain cost of setting up channels whether directly to Starbucks or Middlemen.
    • The liquidity required to setup/stake that specific channel to just pay for that coffee.
    • What if he wants to go for a subway next. Do they require a different Middlemen? Or can he setup channel with Subway directly? ie another set of variable on-chain costs of setting up channels.
    • If he can use the same Middlemen, isn't this the single point of failure? AKA: CENTRALIZATION.

    Having learned about LN Channels and how its NOT like a plumbing network NOR is it like TCP/IP routing (though BTC noobs keep repeating that it is) I can't help but think that this is all smoke and mirrors.

    submitted by /u/1bch1musd
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    True Story

    Posted: 11 Sep 2021 01:40 PM PDT

    Use Purse.io

    Posted: 11 Sep 2021 09:55 AM PDT

    If your buying something off amazon its such an easy way to involve yourself in the actual crypto economy, I was a bit skeptical but you legit get things cheaper and as fast or faster than you would off amazon.

    submitted by /u/theimpregnator69420
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    Bitcoin Cash is still cheaper to use than Ethereum Layer 2 services ��‍♂️

    Posted: 12 Sep 2021 02:15 AM PDT

    Subtipper has just tipped the top posts for this community! [01:44 GMT September 12, 2021]

    Posted: 11 Sep 2021 06:44 PM PDT

    Thanks to all posters for providing great content!

    The top posts since the last payout (~1 week) have been tipped 1 US cent per vote, or 1595 sats per vote.

    For an explanation of Subtipper and how it works, please see this article.

     

    Winning posts:


    Shiba Inu crashes 85% in one minute candle after Coinbase listing. by u/ShotBot

    [tip] - 291885 sats = 0.00291885 BCH = ~1.83 USD


    No choice by u/TheOldPueblo

    [tip] - 283910 sats = 0.00283910 BCH = ~1.78 USD


    The new official wallet from El Salvador Government requires unnecessary and suspicious permissions like microphone access by u/nullama

    [tip] - 279125 sats = 0.00279125 BCH = ~1.75 USD


    Sweden might Drop all Taxes on Crypto because Bitcoin just became a Official Currency in El Salvador by u/Anen-o-me

    [tip] - 252010 sats = 0.00252010 BCH = ~1.58 USD


    Uh....? by u/georgedonnelly

    [tip] - 232870 sats = 0.00232870 BCH = ~1.46 USD


    I've Gained a Viral Following in El Salvador. I'm Using it to Teach Non Custodial-ship of BTC. by u/Mafalzon

    [tip] - 220110 sats = 0.00220110 BCH = ~1.38 USD


    Good News: Ukraine has legalized Bitcoin by u/Hugobrookz

    [tip] - 170665 sats = 0.00170665 BCH = ~1.07 USD


    "No mo money man 😥😥😥😥" by u/user4morethan2mins

    [tip] - 157905 sats = 0.00157905 BCH = ~0.99 USD


    The choice is yours by u/Egon_1

    [tip] - 156310 sats = 0.00156310 BCH = ~0.98 USD


    End of Day 2 - Here's the Chivo App Checklist by u/Mafalzon

    [tip] - 129195 sats = 0.00129195 BCH = ~0.81 USD


     

    Tips not claimed within 7 days will be returned to the Subtipper fund and tipped out to future posts.

     

    To support this bot, help spread Bitcoin Cash, and encourage great content in the r/btc community, tip this post using Chaintip by including u/chaintip in your comment!

    Thanks!

    Note: this payout event was triggered by block 704960, which was mined more than 3 days since the last event and has the last three hex digits of its hash (joined as a number) strictly smaller than 7. The BCH price at the time of activation was $626.82

    submitted by /u/rbtc-tipper
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    A matter of time when Tether gets delisted from major exchanges ��‍♂️

    Posted: 11 Sep 2021 11:26 AM PDT

    Mark Lamb: "The FLEX DAO will only be on SmartBCH, no other blockchains (ever)"

    Posted: 11 Sep 2021 09:10 AM PDT

    Someone in el salvador

    Posted: 12 Sep 2021 01:42 AM PDT

    I bet if each day someone went to a new cafe or family owned business and posted their wallet address we could send some sats to, lots of people would give a tip. Is there anyone in el salvador at the moment who could do that?

    submitted by /u/ImpeccableArchitect
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    New project be launched soon, provides double adoption (SmartBCH + traditional Bitcoin Cash)

    Posted: 12 Sep 2021 01:34 AM PDT

    OliCrypto.com / $OLI token team member here.

    Just want to announce that we are working on the brand new project:

    • new @SmartBCH token;

    • the real project / business model / earnings behind;

    • full transparency of all assets;

    • 1000s of newly-adopted users by organic growth (not airdrops / giveaways).

    • hot & trendy theme.

    The uniqueness of the project that users will need 2 types of Bitcoin Cash tokens (BCH & SEP20) to fully participate.

    Launch in 10-15 days. Please stay tuned.

    submitted by /u/Massive-Bandicoot-57
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    If Not a Conspiracy, Why Is Blockstream Crippling Bitcoin? (A Read.cash article)

    Posted: 12 Sep 2021 01:11 AM PDT

    SmartBCH Staking vs CEFI Custody

    Posted: 11 Sep 2021 02:30 PM PDT

    I just started using SmartBCH by bridging a small amount of BCH using CoinFlex, swapping BCH for EBEN then staking EBEN on BenSwap.

    I have always been aware that the theoretical returns in DEFI are much higher than what CEFI companies offer, but I have been turned off from experimenting with ETH due to high gas fees & the fact that I need to purchase a different coin (ETH). Now that I can do all of this on BCH, I can use smartBCH for staking instead of CEFI accounts. DEFI has always been something I have steered away from. Now that I can explore DEFI using my favorite crypto, I am eager to try but I am fearful of the risk compared to CEFI.

    Is SmartBCH considered stable?

    Is CoinFlex trustworthy or should I wait for the decentralized bridging to be completed?

    submitted by /u/dcblazin
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    How to shut down ANY BTC maxi: “Show me the txid in a BTC block explorer or it's not a BTC transaction.”

    Posted: 11 Sep 2021 10:31 AM PDT

    ATMs in El Salvador support Bitcoin Cash too

    Posted: 11 Sep 2021 04:14 AM PDT

    I have a friend who is from El Salvador and his relatives are still living there.

    I asked him about this new bitcoin adoption and he told the ATMs support Bitcoin, but also Bitcoin Cash and Litecoin.

    He usually sends some money to his family every month, and he used bitcoin cash because it's faster and cheaper.

    Then his relatives can convert it and withdraw it to usd when they need to buy some groceries.

    I just don't understand why no media is saying that.

    submitted by /u/Trevigol
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    Identifying the "change" outputs in a btc transaction

    Posted: 11 Sep 2021 05:28 PM PDT

    Is there a way to systematically know which output(s) in a btc transaction is/are sending change back to the person that initiated the transaction?

    Context: I'm using python to analyze block data and would like to be able to define the numerical "net value" of each transaction (i.e. the amount received by target addresses minus the change that was sent back to the initiator).

    As far as i can tell, block explorers essentially report the "gross value" of each transaction, which is the total of all input values minus the tx fee, which gives you the same value as the total of all outputs. What i'd like to be able to do is subtract the "change" outputs from that total and arrive at the "net value" transferred.

    Edit: spelling

    submitted by /u/annynbyrg
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    local.bitcoin.com is closing soon. Yet another bch related functionality is abandoned by Bitcoin.com crowd. I think they lost the will or are pivoting somewhere different in the near future

    Posted: 11 Sep 2021 08:41 AM PDT

    MoTA Launched on SmartBCH - Grab A Bite

    Posted: 11 Sep 2021 11:05 PM PDT

    MoTA is launched on SmartBCH. Mode of Transfer Alternative (MoTA) brings blockchain transactions to remote and technologically handicapped communities through a decentralized censorship-resistant network of enablers.

    Visual Summary - https://youtu.be/teGFqDibzOk

    About our token - https://motaglobal.club/online/product/get-mgot-here-initial-involvement-offering-iio/

    About the project - https://motaglobal.club/online/mota-global-combines-blockchain-and-mobile-money-technology/

    Project Whitepaper - https://motaglobal.club/online/whitepaper/

    Telegram: https://t.me/mgot_token

    Token pre-sale, discounts, shilling competitions, airdrops and AMA coming... stay tuned

    submitted by /u/motaglobal
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    There is something you can do for Bitcoin Cash: search and share fresh news articles & videos about Bitcoin Cash on social media (including here on reddit) -> article writers and content producers will keep talking about BCH if they are getting views

    Posted: 11 Sep 2021 04:58 AM PDT

    For BCH to be relevant.

    submitted by /u/georgengelmann
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    My first dive into smartBCH and the few mistakes I have made

    Posted: 11 Sep 2021 05:55 AM PDT

    Banks Have Received Over $332B in Penalties Since 2000 — Bitcoin Is a Necessity for the People

    Posted: 11 Sep 2021 12:06 PM PDT

    KTH �� second airdrop, live, real time.

    Posted: 11 Sep 2021 01:07 PM PDT

    2 $eGLD Giveaway in Twitter by N.B.A Crypto

    Posted: 12 Sep 2021 12:19 AM PDT

    2 $eGLD Giveaway by N.B.A Crypto in Twitter. How to join ? Participation ends in 09-27-2021 Click the link to join:

    https://share-w.in/8hoio3-29873

    submitted by /u/NefariousnessNaive90
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