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    BTC The mistake the Bitcoin Cash community is making

    October 12, 2021

    BTC The mistake the Bitcoin Cash community is making

    The mistake the Bitcoin Cash community is making

    Posted: 12 Oct 2021 01:47 AM PDT

    The major mistake the Bitcoin Cash community is making is their seeming inability to talk about BCH without a reference to BTC.

    1. Doesn't BCH have anything to say about itself without being a comparison with BTC?

    2. Is it part of the marketing and publicity strategy to stay attached to BTC? If yes, it's not producing any positive result.

    3. Is it not possible to sell BCH without first trying to unsell BTC to newbies?

    I want to read or hear BCH without a mention of BTC. BCH should be presented and sold on its own merit and not on the failures of another cryptocurrency (BTC).

    Is that too hard or impossible to do?

    submitted by /u/CryptoSorted
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    Security researcher Troy Hunt has updated his Bitcoin Cash donation address to CashAddress, suggests followers "make sure it works".

    Posted: 12 Oct 2021 01:09 AM PDT

    The TRUTH About Bitcoin In El Salvador ����

    Posted: 11 Oct 2021 08:58 PM PDT

    What's the difference between BTC and BCH?

    Posted: 11 Oct 2021 08:47 PM PDT

    Like aren't they the same? one is bitcoin while the other is bitcoin cash,, and are they interchangable

    submitted by /u/omxIs
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    Uncomfortable truth: Brandolini's Law explains what this sub is up against

    Posted: 12 Oct 2021 01:39 AM PDT

    The insightful Brandolini's Law states:

    The amount of energy needed to refute bullshit is an order of magnitude larger than to produce it.

    This sub - in fact, the entire Bitcoin experiment - is like a case study in Brandolini's Law.

    No matter what we say or do, it's trivial to manufacture hordes of bullshit-spreaders who, with almost no effort at all, derail useful discussion and effortlessly spread disinformation at will.

    Debunking the disinformation requires actual effort: reading, thinking, making informed logical arguments, finding and posting links to sources, writing with some degree of precision... That's not trivial. But the opponent doesn't care, nor is the opponent forced to perform similar work. The opponent merely has to shrug off your hard work and logic with another low-effort bullshit reply, and once again they've forced you to expend another order of magnitude more energy trying to debunk the new bullshit.

    When I reflect back on a certain person's claim that they had already proven to themself that decentralized consensus was impossible, I have to wonder, is this what they were referring to? Because it's trivial to disrupt consensus with bullshit, and it's an order of magnitude easier to manufacture bullshit than it is to debunk it? Therefore it's always easier to disrupt consensus, than to build it?

    If so, I must admit, I'm starting to wonder if they were maybe right about that after all. Because in the end, it's been an uphill battle for eight years now, and while I'm becoming weary of debunking the same disinformation over and over, the hordes of bullshit-spreaders keep coming like Zombies of the Apocalypse.

    The original Bitcoin: a Peer-to-peer Electronic Cash System project lives on in this sub. But only just barely.

    Unfortunately I'm coming to the conclusion that that guy may have been right. Decentralized consensus - meaning, uncensored / uncurated consensus without an authority which will remove the effortless bullshit-spreaders who can trivially disrupt consensus - may in fact be impossible, thanks to Brandolini's Law.

    Not only does this have serious implications for all decentralized crypto projects, but for humanity at large. It is depressing.

    Thanks for attending my sad Ted talk.

    submitted by /u/jessquit
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    “… but doesn't it concern Crypto veterans that the CEO and CFO of a $70 billion enterprise that forms the bedrock of retail crypto trading are uncontactable post a Bloomberg article?”

    Posted: 12 Oct 2021 02:55 AM PDT

    Bitcoin Cash report by The etc group. Notes new users and adoption accelerating despite decreased pricing. Development achieving goals and future looking very bright.

    Posted: 11 Oct 2021 10:46 AM PDT

    Top 10 Trading Volume in the last 24 hours

    Posted: 11 Oct 2021 03:03 PM PDT

    When was the last time you convinced a business to accept BCH?

    Posted: 12 Oct 2021 02:45 AM PDT

    This is the crucial question. And it's the only one that really matters.

    I remember my own ambitions to push adoption back in 2010-2013. After that a lot of "internal" discussions started to fracture Bitcoin and the crypto space began to develop in different directions. Which in the end is a net positive. The main toll however was that people stopped to focus on adoption in everyday live.

    Now if everybody in this sub convinces only one business/merchant per year to accept BCH/XMR, the sound and private money revolution will be guaranteed to take place within this decade.

    submitted by /u/gr8ful4
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    Power up your Flipstarter campaign with a Flip Dash!

    Posted: 11 Oct 2021 02:16 PM PDT

    New smartbch dex launched today��

    Posted: 11 Oct 2021 01:21 PM PDT

    Blockstream Report, enjoy!

    Posted: 11 Oct 2021 10:45 AM PDT

    BIG Shout out to Satochip sponsoring Bitcoin Cash MythBusting 2021! More prizes:5 BCH Satochip wallets and its chip readers to Top 5 entries. Don't miss out on the chance to earn BCH busting small blocker myths about Bitcoin and others.

    Posted: 11 Oct 2021 01:31 PM PDT

    Central banks set prices. It's what they do. The price of BTC is higher than it should be because central bank functionaries are buying BTC right now.

    Posted: 11 Oct 2021 07:28 PM PDT

    The biggest fiat buyers in the world are central bankers who can create money, as well as their chosen recipients (authorities, militaries, Wall Streeters, opinion-molders, influencers, politicians, presstitutes, universities, and others).

    Private money is the competition.

    Once central bankers were convinced that BTC would never be peer-to-peer electronic cash, they leapt into bitcoin with both feet. They had Adam and the gang holding the door.

    So they seed funded exchanges and indices and news sites and high frequency traders and chain analysis firms. And by 2017 bankers had purchased huge interests in Litecoin and several other projects. They were conducting dirty smear campaigns against at least one project and group of developers who weren't for sale. Also by this time they were funding many new cryptocurrency projects, some with a purpose, but mostly to diffuse or trivialize or tribalize the user space.

    After this and more, today, legacy financial interests have an infrastructure with which they can pump and dump the price of BTC for as long as people still use their notes.

    It is all being done to prevent groundswell adoption of peer-to-peer electronic cash, which is fast, easy, reliable, available, and which could easily end central banker regimes tomorrow. If they do not act.

    In other words, private central bank regimes around the world simply have little other choice to do what they are doing. Currency wars and dirty tricks are not unfamiliar to them.

    Bitcoin Cash is performing so well in this environment, you really have to sit back and marvel. The many pumps and dumps I'm following may be profitable today, but they are like shadows on the wall when it comes to predicting tomorrow. BCH is the closest thing we have to New Money.

    submitted by /u/-ism-isa-con
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    The Bitcoin Cash Podcast #30: Maximalism & BCH vs XRG feat. Karol Licho Trzeszczkowski

    Posted: 11 Oct 2021 12:22 PM PDT

    This week I am joined by Karol Trzeszczkowski, the founder of Ergon (XRG), a fork of Bitcoin Cash focussed on maintaining a stable value. We talk about cryptocurrency maximalism, debate BCH vs XRG, getting into the weeds on volatility and adoption of cryptocurrency, plus news of the BCH Bull, BitBalancer and US Bank adopting crypto.

    https://prompt.cash/s/NlfakU

    Price: 1.8mBCH, free in a week.

    submitted by /u/Shibinator
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    If you want to scale Bitcoin while preserving the unique properties that make Bitcoin disruptive, you must scale the cash layer

    Posted: 11 Oct 2021 08:11 AM PDT

    First, if you haven't done so, start by reading at least the first two pages of the Bitcoin white paper.

    So why is Bitcoin special?

    The purpose (and value) of the system is that it enables any two willing parties to make "casual transactions" over the internet with no need of a third party who can de-permission the transaction.

    That is the "electronic cash system."

    How does cash work? We all understand it intuitively as "Alice hands Bob a $20." But since a digital $20 could be perfectly copied, some sort of authority is required to authenticate that the $20 is valid.

    The white paper goes on to describe the architecture of a system which implements the electronic cash system using a distributed timestamp server, modeled on the centralized system described on page 2. The system accepts only the first-seen version of a transaction. In this way, the system models "Alice hands Bob a $20" but distributes the validation mechanism so that there is no central point of failure or censorship.

    The cashlike nature of transactions is a product of the system's architecture.

    It is clearly possible to construct payment systems (such as Lightning Network) on top of the cash system. However, transactions conducted on such payment systems no longer enjoy the cashlike nature provided by the underlying network, but instead are subject to the architectural nature of the layered payment system. In the case of Lightning, the model is not cash, but routed IOUs modeled on bank payment routing and settlement.

    The point is that if you want to scale the cash system, you must scale the cash system. Building a banking system on top of the cash system doesn't scale the cash system. That's analogous to scaling the subway system by building roads.

    I think I speak for most of the regulars in this sub when I say that if you'd asked me to invest money in a settlement token for a new banking system based on cryptography, I'd have shrugged. Re-creating the existing system on top of cryptography is neither interesting nor disruptive.

    What is disruptive is disintermediating banking altogether, by giving people the ability to make small, casual cashlike transactions with no need for a financial intermediary.

    TLDR: Only by scaling the underlying cash system do you scale the unique properties that make Bitcoin valuable in the first place.

    submitted by /u/jessquit
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    UTXO commitments in BCH clients

    Posted: 11 Oct 2021 12:53 PM PDT

    Are UTXO commitments a thing in BCH clients? From what i understand(and correct me if im wrong) they basically enable you to only store relevant UTXOs and verify blocks without needing the whole chain.

    submitted by /u/moonman69_DOGE
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    “I’m not using Tether so I’m safe” Are you using bitcoin? Crypto exchanges? “DeFi”? crypto “lending”? You’re using Tether. You’re exposed to Tether.”

    Posted: 11 Oct 2021 10:11 AM PDT

    “ Funny to see CEOs like Adam Back and @muneeb pushing "bitcoin NFTs" on their bitcoin adjacent networks while rare pepes, spells of genesis, bitcorn cards, etc. built directly on bitcoin via @CounterpartyXCP have already won the hearts and minds of the NFTverse.”

    Posted: 11 Oct 2021 03:08 PM PDT

    ELI5 of the last BCH Network Discussion on Oct 6th is available!

    Posted: 11 Oct 2021 02:52 AM PDT

    BTC fanboys refusing to listen to critics

    Posted: 12 Oct 2021 01:40 AM PDT

    If you look at the comment section of this post, BTC fanboys just talk about irrelevant things like the thumbnail of the video or how YouTube videos are untrustworthy in general about crypto. They didn't even watch the video. They are like little kids blocking their ears and say "llalalalala I can't hear youuuu you are an idiot haha look at your funny face".

    I was thinking about reinvesting in BTC but I realize now that it's mostly propaganda and hype without any real world practicality or meaning. It's just about fanboys trying to make money by luring more investors in with their every positive propaganda.

    https://www.reddit.com/r/CryptoCurrency/comments/q6g4da/the_truth_about_bitcoin_in_el_salvador/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

    submitted by /u/TheWorldofGood
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    Fake news alert. Bitcoin ETF not approved. Instead an ETF holding shares of companies you can already just purchase on the stock market was approved (including shares such as MicroStrategy and Marathon Digital Holdings). Which is no big deal.

    Posted: 11 Oct 2021 09:44 AM PDT

    “ Matrixport, founded by Jihan Wu, announced that it will stop providing services to users in mainland China on October 15.”

    Posted: 11 Oct 2021 06:18 AM PDT

    Why do you think BCH can succeed against alternatives like XLM or NANO?

    Posted: 11 Oct 2021 08:56 AM PDT

    I am very interested in speedy coins with cheap tx fees like BCH, NANO and XLM. Personally I like BCH the most out of all of these, because it seems to have the most adoption. I've been thinking about buying some recently. I want to hear from you, why do you think BCH is the best option?

    submitted by /u/roberthonker
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    We need your support. Bitcoin Cash Animal Rescue.

    Posted: 11 Oct 2021 05:42 PM PDT

    We need your support. Bitcoin Cash Animal Rescue.

    https://preview.redd.it/hi72zbse1xs71.jpg?width=600&format=pjpg&auto=webp&s=36bde243e42e94c2e1c84dbe285c22884917f2fc

    Dear community, a big greeting from Bitcoin cash animal rescue.

    As some know, almost a month ago we started a fundraising campaign on the Sponsor.cash platform for the creation, installation and constant maintenance of 100 BCH animal feeders, feeders which have been part of our project on several occasions.

    At first the campaign received a quick support which we greatly appreciate.

    ​

    https://preview.redd.it/wokvr5241xs71.png?width=494&format=png&auto=webp&s=d0f1e577833e3b37df95d658444338190061581b

    ​

    https://preview.redd.it/s78ki9t41xs71.png?width=453&format=png&auto=webp&s=54c560b2c9ab3950ca9caf499f65b9c6fe4fd611

    Unfortunately, the goal we set for ourselves has not been achieved even after almost a month.

    Our idea was to start with this project once the goal was fully achieved, but sadly we see it very difficult to achieve the total goal, at least in a short period of time.

    So we have made the decision to wait a last week and start with what we have collected so far, which gives us at this time to create about 14 feeders approximately.

    ​

    https://preview.redd.it/gbqtv7u51xs71.png?width=380&format=png&auto=webp&s=364493112d3ad58ea62ded78b60185e813e18407

    Of course we do not lose the expectation, nor the desire to be able to achieve the total goal, but it does not depend on us for the moment.

    If you want to support our project, you can do it in the following link

    Sponsors Cash

    Or through our official wallet

    Bitcoin Cash animal rescue wallet

    We count on all of you to achieve this and if we do not reach the goal, we will give our best effort to achieve as much as possible

    Every help, big or small, is of great use. Let's achieve incredible things with Bitcoin cash.

    submitted by /u/GersonArellano
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