submitted by /u/TyMyShoes
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source https://www.reddit.com/r/btc/comments/fqegae/fishing_scam_using_bitcoincom_brand/
Saturday, 28 March 2020
Premium Bitcoin Cash Notes are an Affordable and Secure BCH cold storage solution; 1) Separate your coins over multiple wallets for enhanced security; 2) Have a secure cold storage solution when affordability is a concern; 3) A gift for spreading BCH to friends or strangers.
"The original “Sidechains” paper sold the idea of a “trustless 2-way peg” The paper was used to raise $21 M for @Blockstream never delivered on the “trustless 2-way peg” (maybe it’s impossible) So we get Liquid which is based on a federated model, which is basically PayPal"
"I think Liquid by Blockstream is good but let’s be honest, there‘re no incentives to develop the Bitcoin base layer so they really just made one their own. But who cares Bitcoin is at this point speculation and Tether only anyway, Liquid makes both faster."
Have you realized that r/bitcoin Is growing in number just because Is banning everyone and people is just creating another account and another and another and son? They are fake
Friday, 27 March 2020
[Discussion] BCH Strengths and Opportunities
What are they? 10+ years of Bitcoin, QR codes aren't going to cut it. There was a good post last week explaining the amazing advancements in mobile fiat payments. There should be more conversations on how BCH is different today and the opportunities it opens up for future.
- How is BCH different than fiat?
- Competitive advantages?
- Killer apps. What do people need?
- Paradigm shifts. What is right in front of our faces that nobody sees, but you?
Join the conversation, because you never know what might spark unstoppable innovation.
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source https://www.reddit.com/r/btc/comments/fpsf50/discussion_bch_strengths_and_opportunities/
Crazy
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submitted by /u/spee111 [link] [comments] |
source https://www.reddit.com/r/btc/comments/fpsa2m/crazy/
Coinbase fee to buy and sell 2 bitcoins comes to $375. I think this is excessive.
Why is it so expensive? There is no way on earth that coinbase paid $375 for the round trip buy and sell. I would like to make more buy and sell transactions but this is insanity.
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Cashaccount + venmo
So I was playing around with cash account and is there a way to send money to a cash account through an app .. thanks
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source https://www.reddit.com/r/btc/comments/fpqyx4/cashaccount_venmo/
Withdrawal Delay Coinbase
Hi, I just wanted to let everyone know of some fishy shit going on with Coinbase. I have been a customer for years and have completed all KYC steps. I tried to withdrawal a small amount from my account to a BTC wallet and am being delayed and told its because I need to verify ID. But I have level 3 verification complete. Not your keys, not your coins.
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source https://www.reddit.com/r/btc/comments/fpnsq7/withdrawal_delay_coinbase/
An update to the BTC ATM I had put in my business...
Hey everyone. Back in mid December I had a Bitcoin ATM put in my shop and posted the great news to the sub. It was well received before I guess the ATM posts started being looked upon as played out.
In the comments I mentioned that if you guys wanted, I would be more than happy to post some stats on how well the ATM was doing. I'll have you know I did some super diligent tracking the first month, but then afterwards it was looking as though I found a buyer for the shop and my priorities shifted. I don't have those hard numbers right now and I'll explain why at the end, but here's the general idea of how these ATM's do in the day-to-day...
- Almost everyone has heard of bitcoin, almost everyone has no idea what it's about or how it works.
In the beginning a lot of people asked about the ATM. I told them it was for bitcoin and I even tallied if I deemed it to be a positive, negative, or indifferent reaction. Most people were indifferent. There were a handful of negative reactions, and after probing it turns out they either sold their bags long ago in a correction, or sold at what they thought was the top. A notable interaction I had with some customers was this pair of women who were young and looked/talked like the last sort of person you would imagine talking about BTC. When they opened up on it? Wow. They basically had the kind of mini debate on the topic that was extremely insightful on the base level. The kind of back and forth you would find even on here when relating to the future of bitcoin as money. I was really impressed hearing it, because it gave me hope that the every day person has the capacity to embrace it.
- ATM's are scam central.
Someone commented in that last post over how popular these ATM's are with scammers. I was naive in thinking it would be a once in a while ordeal. NOPE. 90% of all the traffic the ATM gets is people getting scammed. Over the last few months it's gotten really easy to spot who's getting worked and who isn't. Here's the crazy thing...THEY DON'T LISTEN. At all. I've tried every possible method. I've tried pleading with their sense of logic. I've tried accurately telling them HOW they're being scammed without them telling me details. I've tried being on the mean side to snap them out of it. In the last 3 months I have only managed to successfully thwart one attempt, and that was by literally pulling the plug on the ATM. It was crazy. There was this old man...had to be in his 70's...on speaker phone with the scammer that was telling him what to do. It was so obviously a scam that I was pleading with this guy not to do it. He ignored me completely as he followed the instructions on the other line. Before he got the chance to put money in I unplugged the machine and told him to pass me the phone. Immediately after hearing that the scammer hung up and I finally was able to talk some sense to the guy. That's it. The only victory I can claim. Every other person thoughtfully listened to me and proceeded to feed the machine anyways. What's worse is how they ALWAYS say they're gonna try it once just to see and they won't be back....and they ALWAYS come back. The most common victim is older men in their 40's-60's, all helping their out of country/state girlfriends that they have never met. Other notable scams are the put x amount in and get double back, pay x amount for the supplies you need for this new job you're starting, and the ever popular bail bondsmen/IRS payment to avoid arrest (that was the old old guy's scam). It's so frustrating that now, when a new one comes in, I'll tell them that if they don't listen to my advice, that i will not lift a finger to help them in any way. Doesn't matter....they just keep coming back in as the scammer slowly juices them.
-There is hope
While the majority are love sick men that throw their money away until they're broke/fed up, there are SOME people that get it. They don't put in much, but they put some in every chance they get. I even have 2 or 3 people that understand exactly what bitcoin is and put some serious money in. Interestingly enough, the majority of the ones that get it and are using the ATM how it's meant are women. I help these people in every way i can, making suggestions and giving tips where applicable. Also, the simple presence of the bitcoin has its own affect. People see that it's not just some thing they see sometimes on the news. It's in their face and out in the real world. It's sparked conversations with people that simply needed a tiny push to believe it's not going anywhere. I even got one lady to buy a full bitcoin (i can only hope she listened to my advice on holding strong, because it was before the major correction a few weeks back)
Conclusion- These ATM's and how they're used show a clear sign that to the everyday public, we are nowhere near close to mass adoption. But they are getting used, and every day it's in my store, it shows the everyday public where the future is heading. Unfortunately I don't have those hard numbers for you because as of yesterday, my business was closed by the health dept due to COVID-19 (Smoke shops are not considered essential). Sure, I could go back into the store and get those numbers, but I got much bigger things on my plate to worry about. My landlord has chosen to stay silent and use the property manager as a buffer to give vague answers as to what I'm liable for. As of today still no word. So yeah...kinda mega screwed for who knows how long in how I'm going to pay my bills. That is, unless of course I want to sink myself in debt with some SBA loan that will take far too long to even hope getting approved for (I tried applying for one when i opened over 8 years ago and the process took months, only to be declined). Now that I am ripe with free time, I figured i would take some of it to finally give some of you the info I promised. Be safe out there and wish me luck in not going under. If you have any other questions i'm more than happy to answer in the comments.
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Thursday, 26 March 2020
Bitcoin Halving in 35-45 Days!
wanted to open up a conversation on this topic. What do you expect the price of BTC to do in the next 30-60 days with the stimulus package that was just passed and the upcoming halving?. Thanks in advance.
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Isn’t it the perfect time for BTC to shine bright then ever before?
Bitcoin price is acting more like fiat currency for few days. On the other hand, government is not thinking about BTC and now there is less regulatory control over BTC. Also heard multiple news that other countries are buying/storing and investing on bitcoin than ever before. So why bitcoin price is still $6K? I bought some btc at 13K last year.
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Member.cash is a Reddit alternative built with Bitcoin Cash Memo protocol. It will hopefully become easier to adapt to as time progresses. Hopefully Member will be utilized as a Reddit alternative in a significant way. Member enables longer posts and posts are completely uploaded to BCH blockchain.
The Covid corporate bonus bailout costs about $18,000 per citizen. So Congress is taking $18,000 from your future, giving $16,800 to corporations and giving you back a check for $1,200.
Chancellor on brink of second bailout for banks. 2009
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Is there anything in Electroncash to help prevent accidental oversending of BCH?
Let's say you're buying something online with BCH. The item costs 0.01 BCH but you accidentally type 0.1 and don't notice. Is there anything to prevent accidental large transactions in Electroncash? If not, I have a couple simple suggestions.
Perhaps a simple popup that says "Hey, you're about to send a large amount of BCH. Are you sure you want to continue?".
An even better idea would an optional wallet setting that lets you set the max amount of BCH you can send. If you try to send more than the limit, it would ask you for a second password that you specifically set for large transfers. This way, if the user went on autopilot when prompted and entered their regular password, it wouldn't work and it would become obvious to the user that they made a mistake.
For example, if you tried to send 1 BCH it would say "Please enter your 2nd password for large transfers". That would give people some extra peace of mind knowing that they have an extra layer of protection in case they screw up. Of course you might not worry about this if you double or triple check, but people are not perfect, and I think this would be a nice feature.
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source https://www.reddit.com/r/btc/comments/fp4p3e/is_there_anything_in_electroncash_to_help_prevent/
"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."
!["Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."](https://b.thumbs.redditmedia.com/t2i47VSc5qDdip8WEGpMIrEOG6N_3RphQc5kJj0cRPo.jpg "\"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network..\"")
serious question about WSB (wallstreet bets)
Despite all their fuckery, they write (some of them) some seriously well informed posts about why the economy is fucked and all the problems with QE and money printing and the government buybacks of corporate debt, etc etc
Like quality shit you find here on our sub in sometimes even greater detail.
Why do they hate Bitcoin? Did someone here piss off the mods there years ago or are they just all non-believers?
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Wednesday, 25 March 2020
The Fed's Losing Battle with Deflation (w/ Jeff Booth on Bitcoin Network Effect)
He's a maxi-hodler SoV guy but he's right about Bitcoin's network effect. The only part he gets wrong is capacity limits of a gimped network when compared to BCH.
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source https://www.reddit.com/r/btc/comments/fok0h8/the_feds_losing_battle_with_deflation_w_jeff/
Steam stopped accepting BTC due to full blocks and the problems they cased. Today you can buy or sell any Steam item using BCH on our peer to peer market place!
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