Currently the slowest, most problematic, most expensive, most cumbersome, most buggy, most unpredictable coin has been on the #1 spot of the cryptocurrency market for weeks, despite hardly working and being an absolute pain to use.
What does it say of the "market"?
How do we fix this "market"?
This looks interesting and was wondering if anyone has tried it.
It just seems like so many people (read: “analysts”) pretend to understand the ups and downs when in reality all it takes is some whale to make a big play and the numbers take a drastic turn.
I have a couple of bucks from before the fork sitting in a yours wallet. I just tried importing the recovery phrase into electron cash but no history shows up. I'm assuming the path is incorrect but no idea what it should be. Anyone know?
I read somewhere that the transaction fees are 15% of the mining rewards. In the future, if we want to keep the mining rewards the same, the transaction fees need to go up by a factor of 6-7 to compensate for halvings.
Otherwise, the security of the network will fall.
Hi , So i discovered bitcoin 5 month ago from freinds of mine so i'm new to bitcoin and i noticed That when i send Transaction Using my blockchain.com mobile wallet the fees has gone up To 3$ for 1 transaction , it wasn't that high 5 month ago and i think that's too expensive for 1 transaction is there any solution to try please ?!
In life, one of the best ways to learn something is to observe what the best in those fields are doing. If they are the best in their fields, then they must be doing something right to get to that point. When it comes to governance, I think Singapore has done amazingly well. The country has seen prosperity and stability for years and for a tiny country with no natural resources, being one of the wealthiest countries in the world is no small achievement. It is no coincidence that Vitalik Buterin, Arthur Hayes, and many well-known celebrities made their home in this tiny country.
So how did a tiny country attracts such talents? I would argue that one of the main attractions is peace and stability. It doesn’t matter how much money you have, if you have to constantly fear for your life or wake up to hostility, I doubt you will want to stay very long. Would a peaceful and stable environment attract talents? I think the answer is an absolute yes.
The next question becomes, what kind of governance lead to such results? The short answer is meritocracy and let me explain why that makes logical sense. The human population follows a bell curve and that means most people are average folks. I will apologize upfront because what I will say may start to offend people, which wasn’t my intention. But average folks make average decisions. And experiments had shown that most humans tend to think they are above average, which mathematically speaking, is impossible. That leads to the conclusion that if we allow the majority to make decisions, then we will arrive at average or below average results (Dunning–Kruger effect).
So how can we arrive at above average results? Meritocracy means that people rise to the top based on their merits. And then decisions will be made by these people (with track records) will tend to have better outcomes. I am not saying that their decisions will be perfect, but in terms of probabilities, simply by merits of their previous track record, they are provably better decision makers.
I believe Bitcoin Cash could do better with such a decision making model, specifically having a group of people whom are known to have some sort of meritorious track record and an agreement where such a majority agrees on something, all stakeholders will do their best to execute on it. I hope the community may explore such an idea.
To be clear, I am a long time BCH fan. However, buy an Amazon gift card with Dash on Bitrefill. It was one of the most pleasant experiences I've had with crypto in a while. The money is in your Amazon account in seconds. Some exchanges even accept Dash instantly.
Avalanche (or something like it that allows instant transactions) is not a luxury, it is a necessity for peer to peer electronic cash and we should do what we need to do to get it done!
Similar to stablecoins that are transparently backed by assets, we should have an SLP token backed by Bitcoin at a 1:1 ratio, that way people can have BTC gains with BCH transaction fees. It'd be pretty nice...
What's the hold up? What is stopping bch from having wETH?
Looking at you, Egon and those who keep posting junk like that. Those who upvote that kind of stuff are just as well to blame.
I get how entertaining it can be to take a dump on BTC, and my fingers sometimes slip to click that upvote button, but then I'll catch myself and remove it.
It's far time move on from how terrible x-girlfriend BTC was and keep the discussion here on BCH.
How wrong was I! Haha
If there’s one thing I’ve learnt from crypto it’s that there’s no rush. We’re still all early adopters.
ON FULL NODES
ON DECENTRALIZATION
https://keepingstock.net/examining-bitfurys-scaling-research-9d62cb725477
ON FEES:
ON SPV:
ON THE SCALING DEBATE:
https://keepingstock.net/an-open-letter-to-bitcoin-miners-c260467e1f0
https://medium.com/@jonaldfyookball/why-bitcoin-cash-will-dominate-ce9a67fc70e9
ON "THE REAL" BITCOIN
https://medium.com/@jonaldfyookball/who-gets-to-decide-the-rules-in-bitcoin-c6d8ade53e52
https://medium.com/@jonaldfyookball/12-reasons-bitcoin-cash-is-the-real-bitcoin-8d5547988374
ON P2P CASH
ON THE LIGHTNING NETWORK:
https://news.bitcoin.com/lightning-network-centralization-leads-economic-censorship/
https://www.yours.org/content/clarifying-my-objections-to-the-lightning-network-2f9d3aa154e5
https://read.cash/@jonald_fyookball/the-final-word-on-the-lightning-network-de7e259c
ON THE DECLINE OF BTC
https://medium.com/@jonaldfyookball/is-this-the-beginning-of-the-end-of-btc-2687bb83181
I'm using the bitcoin.com Wallet app on my phone to send bitcoin and I enter my amount I want to send and the address I want to send it to and it says insufficient funds when I have $5 more than what I'm sending, Does anyone know how I can get rid of this?
I'm looking to invest to projects, but I'm not aware where should I start, and I see many people in this sub claiming that bitcoin is dead, or moving to monero, or perhaps bit coin cash.
What would you recommend?
Yesterday there was a transaction that received a lot of attention, as it spent the coinbase reward from a very early block. Here is the txID for it: f38d6f043c070ce9805ee81f46db4d32d0c9f148d62bbfbc0378bc5847c7dc70
Something interesting about this transaction that I haven't seen mentioned much online, is that whoever spent those coins is now officially the HODL world champion! What is meant by this, is that of all now-spent UTXOs, the coinbase reward they spent in that block now holds the record for being the longest-held.
This is a pretty cool title to hold, the individual who owned that UTXO had been sitting on it since the absolute earliest days of the Bitcoin network. When that block was mined, BTC had no value, beyond fascinating a handful of crypto and computer nerds around the world. When spent, the output was worth almost $500,000 USD. Thats quite the HODL!
In total, this UTXO was held for 627,404 blocks, which is about 11 years, 3 months, and 11 days.
For more info, and a list of all the runner ups, see this post on stack exchange: https://bitcoin.stackexchange.com/questions/88517/what-was-the-longest-held-utxo-ever-spent/96055#96055
I closely follow GBTC. Their investors bought almost 8000 btc in last 3 days. GBTC holds more than 351k btc now!
Do not sell them cheap :)
Hold!
1 Satoshi is equal to one dollar
Kallisti
Im new to cryptocurrency, I found wallet.BTC.com, and I thought it was a good wallet originally, till they started to overprice on transfer fees. Is there any way I can transfer all my BTC in BTC.com to a different wallet? What are the steps and what waller should I use in the future?
Im new to this so please be nice.
I would like to find something like https://blockchain.info/q/getdifficulty but for BCH. All I can find is half-baked and/or outdated API's. Any pointers would be welcomed!
!["If you are a HODL BRO and [...] you want to spend your bad money first, what are you doing with bad money?? Like, I got rid of all mine! [...] What are you doing with fiat?"](https://b.thumbs.redditmedia.com/1u74pdv_61w7vl8H6f_t8xOFX0Zy1EuDgxJxv0eWULM.jpg "\"If you are a HODL BRO and [...] you want to spend your bad money first, what are you doing with bad money?? Like, I got rid of all mine! [...] What are you doing with fiat?\"")
!["That [200M USD] fund [by Bitcoin.com] isn't going to happen. That was being headed up by Stefan Rust who is not with the company anymore.](https://b.thumbs.redditmedia.com/ATLPyV4k0pU6QehXJacGqxlLi6rdhdQ_H9RCqX8RmjA.jpg "\"That [200M USD] fund [by Bitcoin.com] isn't going to happen. That was being headed up by Stefan Rust who is not with the company anymore.")
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