submitted by /u/Leithm
[link] [comments]
source https://www.reddit.com/r/btc/comments/nidcnx/i_just_wanted_to_say_thank_you_to_the_bchn_and_bu/
Saturday, 22 May 2021
I now own 1/3 of a coin and run a full node
Hi, I've been playing with bitcoin since 2012, but only started holding in 2015. I started with 0.15 and slowly topped up to 0.33. I always bought only what I can afford to lose. I also bought the most recent dip.
I'm also running a full node now. It took a while to sync. Interestingly, the UI for the core client has not changed the last 10 years.
I considered selling half of my btc as downpayment for real estate, but ultimately decided against it. Instead, I will hold for 5 years minimum and continue to rent.
Cheers.
EDIT: I don't live in the US
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I can no longer hold a currency that has been shown to consistently lose significant value time and time again. I'm out
of US dollars and into Bitcoin!
Yolo. Fuck inflationary money that always loses its value. We deserve better. Let's fucking go to the moon!
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Sorry for my ignorance, a question about a 51% attack
If BCH only has a fraction of hash rate of BTC couldn’t enough hashrate be redirected easily, overcoming the current nodes and performing a 51%?
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source https://www.reddit.com/r/btc/comments/nic4in/sorry_for_my_ignorance_a_question_about_a_51/
Things that are banned in China...
YouTube
Human Rights
Bitcoin
And pretty much anything that helps people.
Btw, why are we surprised?
Edit: Wikipedia list: https://en.m.wikipedia.org/wiki/List_of_websites_blocked_in_mainland_China
Wikipedia is also banned btw, and Reddit, and religion, and porn. You name it, it’s probably banned.
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If you like an idiot, just remember.
Retards like me bought BCH at $800 this morning
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source https://www.reddit.com/r/btc/comments/niarv7/if_you_like_an_idiot_just_remember/
Which is better for long term investment?
I am new in this ctyptocurrency world.. looking forward to your valuable suggestions.
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source https://www.reddit.com/r/btc/comments/niahbt/which_is_better_for_long_term_investment/
Simple Swap a Dangerous App?
Hey guys, a quick cautionary warning about Simple Swap. I was changing currencies using their app and they accepted my currency but didn’t swap anything back to me. (Greater than 24hrs) They claimed it was because they no longer had the trading pair after the transaction took place. Hopefully, it’ll resolve but maybe stay away from this trading app. I’ll update if anyone is curious. Thankfully it was a small amount.
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source https://www.reddit.com/r/btc/comments/ni9m4t/simple_swap_a_dangerous_app/
China FUD is bullish for Bitcoin!
What ppl don’t understand is that ppl who care about Bitcoin and the planet _want_ China to ban bitcoin mining. Eliminates (outside) risk factor, decarbonizes BTC, decentralizes HR, ++ margins for clean US based miners.
Bitcoin bad, China controls Mining. China to "ban" bitcoin mining, bitcoin bad. The logic is wanting.
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Roaring 2020s anyone? Celebrity-driven speculation is nothing new (Elon is no better than Charlie Chaplin)
For anybody familiar with market busts, they've undoubtedly heard of The Wall Street Crash of 1929, also known as the Great Crash. And a few less know that it was what led to the end of the roaring 20's, a period of great excess and intense market speculation.
It was the first time in American history that John Q Public went from considering stock investing risky to being marketed to invest in the stock market.
One of the biggest drivers behind the wild stock speculation was the invention of the ticker tape. The opening of bucket shops) and the proliferation of stock ticker tape machines prior to the roaring 20's laid the infrastructure and gambling habits that led to insane media driven stock market speculation... Suddenly everybody had an opinion on stock, that's where the infamous Joe Kennedy shoeshine story came from.
At the time, many of the USA's most famous celebrities were being followed for their stock picks, people from Charlie Chaplin, to musician Irving Berlin, to actors like Groucho Marx, and comedian Eddie Cantor. They were all being asked to contribute to newspaper columns with their favorite stock picks.
As for the stocks that were ballooning, they were focused on the emerging technologies of the day, one company... Radio Corporation of America "RCA" even figured out how to put radio in cars! RCA, as the largest manufacturer of radio sets and also the leading broadcaster, saw its earnings grow from$2.5 million in 1925 to $20 million in 1928; its stock price rose from $1.50 in 1921 to a high of $549 in 1929.
............
I don't know about you guys, but between the Dogecoin and Bitcoin "investing", the fascination with the opinion of random celebrities, and the beyond reasonable "growth stock" valuations... It seems like it only too around 100 years for history to rhyme.
The question is... When the dust settles, where will cryptocurrencies be?
Because if history has shown us anything, it's that the US government tightens its noose on the world by claiming everything is done for safety and national security.
I dunno, it's Saturday morning and I know you guys are the few people that understand what a truly free monetary system can look like.
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source https://www.reddit.com/r/btc/comments/ni7loe/roaring_2020s_anyone_celebritydriven_speculation/
I buy Bitcoin, price drops. Every time
Ladies and gentleman I bought a bunch today, so watch out!
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Questions about running a node that isn't for mining.
I just want to set up and run a BCH node to help with decentralization. I have a shitty internet connection that has been know to drop to 500kb sometimes. At least that is what the xbox says. It is supposed to be 6mb, but usually 4-5mb range. Yes, I live in the woods. Is this too slow?
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source https://www.reddit.com/r/btc/comments/nhzynn/questions_about_running_a_node_that_isnt_for/
What you're seeing happen in China is the result of when a virus (China's evil CCP) reacts to a threat to it's existence (Bitcoin enabling people liberty and a mechanism to opt out). I will HODL stronger than ever now that I see that what we're doing is changing the world for the better.
Greetings fellow HODLers. I'm no expert here, but anybody who has at least become somewhat familiar with Bitcoin knows that the inevitable global adoption of it means governments like China's CCP (yes, the USA, and EU as well) could lose the control that they are quite comfortable with keeping. These governments control/manipulate their own money supplies at our expense and use it to control their societies, fund wars and endless expansions of territory, kill the planet, and encouraging some of the worst human behaviors.
I HODL to bring order back to civilization. Things have gone on like this for far too long, and for once in human history, we all have the ability to put government control (through monetary policy) in check. If we all reject their currencies and make Bitcoin the people's currency of the planet, they can't build bombs like they do now, they can't use and destroy all our children's resources, and we can SHRINK the global governments down to their bare necessities of keeping basic order without demanding complete control.
I don't care if BTC went to $0 tomorrow, it is no longer about that for me. I want a future where the people are in control of our future and our planet has a fighting chance.
HODL on for a better future for mankind!
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Friday, 21 May 2021
Casa Torino in Caracas Venezuela is accepting Bitcoin Cash for their pizza and the 0.12 BCH Bounty has been split between the pizza place and the onboarder.
Tether burned $300 million today, BEARISH
Tether very rarely burns coins, mostly they print ad infinitum, a la Fed chairman Powell. Other than an $800 million burn on April 17, I don't see a burn this size for over a year. Looks like another bearish indicator.
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source https://www.reddit.com/r/btc/comments/nhco12/tether_burned_300_million_today_bearish/
Thoughts on another benchmark of BCH's onchain capacity?
Say what you want about Elon but everyone reads what he says. If BCH did another onchain benchmark showing it can do the .1kWh Elon wants he might see it and tweet about it. Like it or not, about price or not, it will help BCH adoption.
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source https://www.reddit.com/r/btc/comments/nhk9rt/thoughts_on_another_benchmark_of_bchs_onchain/
Just bought my first BCH (Philippines)
Long time lurker here. Just want to share how I appreciate all the discussions on this sub. The idea of having crypto to spend and not just hold is something I resonate with. I bought my first BCH with the intention of spending it wherever it's accepted (not much support here currently but it's getting there!).
Took a long time of deciding what kind of wallet I need but just ended up going with a mobile one. I know it's not the best way to go about it but it's alright. If ever I rack up a few more BCH, I can still safely get it out onto a paper/hardware wallet.
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source https://www.reddit.com/r/btc/comments/nhj412/just_bought_my_first_bch_philippines/
Is the Bitcoin Cash Community Prepared for the Event of BTC's Network Collapse?
Are Bitcoin Cash miners ready for the demise of BTC when the Tether music stops?
And the developers? Businesses? Institutions?
Do you guys think the propaganda/media shut out just abruptly stops for BCH?
What happens when the bitcoin subreddit moves to this subreddit? Are we as an internet forum ready to handle that traffic?
Do you guys think that BTC can remain standing even without Tether/Bitfinex/FTX/Binance et al. providing support? How do you think the mining industry will react?
What do you think?
PS If u/MemoryDealers could provide insight to any of these questions I think thatd be great.
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source https://www.reddit.com/r/btc/comments/nha3x6/is_the_bitcoin_cash_community_prepared_for_the/
![A unique, inspiring NFT series [VOICES] launched on Bitcoin Cash / SLP](https://external-preview.redd.it/RqAG3eIugCjGoRAovVg44bDHlOjsQJy69iAvmCpGu1U.jpg?width=320&crop=smart&auto=webp&s=16f634d7518a0b44f3482b334721db2bd5dfced7 "A unique, inspiring NFT series [VOICES] launched on Bitcoin Cash / SLP")
"We reject: kings, presidents, and voting. We believe in: rough consensus and running code." David D. Clark 1992. About the Great Internet Protocol War.
Are we in today's 1992?
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source https://www.reddit.com/r/btc/comments/nhejls/we_reject_kings_presidents_and_voting_we_believe/
Warning: BlockFi, having lost millions of dollars is now fumbling withdrawals and may be illiquid
I humbly accept all the downvotes from BlockFi’s shills and the weird fuckers who don’t read the news before assuming this is a conspiracy thread.
Every major outlet has reported the same news including BlockFi themselves. If you can’t read I can’t help you.
This post is to alert more folks that BlockFi may be illiquid and to clarify that I just had my withdrawal erroneously delayed despite having done BockFi KYC / security checks multiple times including within the last month.
After using 5 factors of authentication, including device based 2FA, two email confirmations, password, device fingerprinting, a previously used wallet address, no VPN… BlockFi has informed me that they need a live biometric (second time this month) and that they will require three additional business days to process the biometric before they start the week wait to process the withdrawal.
I’m finished with BlockFi for good and I encourage anyone else to read the news and make their own decision.
Inb4 “you’re doing this out of self interest”. A run on BlockFi could cost me 5-6 digits. People deserve to know before they get ripped.
Edit - to the people asking me to link. This is literally every link if you google BlockFi and look under news. It’s been trending in Reddit’s top news for days. Why do you want me to pick who you hear it from? Choose your favorite source including BlockFi themselves
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Viejo Wence. BCH Argentina
Because your beard deserves to be cared for  Viejo Wence, specialized in beauty and personal care, accepts #BCH as a payment method. You can buy oil, wax, balm, you have no excuse to wear a divine beard. Website: https://viejowence.mercadoshops.com.ar/
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source https://www.reddit.com/r/btc/comments/nhdtcs/viejo_wence_bch_argentina/
Thursday, 20 May 2021
How to Succeed at Bitcoin Without Even Trying - 2013 Hodler Take
Stop overthinking it.
Buy it.
Transfer to wallet.
Forget about it.
Sleep easy.
Temporary price action is irrelevant.
There is only 21M.
That's the only math that matters.
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Nothing has changed.
Every second 7 transactions are made.
Every 10 min a new block is added to the Blockchain.
Every 2 weeks there's a difficulty adjustment for the miners.
Every 4 years the mining of new Bitcoin is cut in half.
There's going to be only 21 million coins.
1 Sat = 1 Sat.
1 Bitcoin = 1 Bitcoin.
Nothing has changed. #HODL
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Why do I have to wait 5 days to send to wallet with BCH on Coinbase?
Made a few purchases in the past couple weeks but nothing huge. What happened?
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source https://www.reddit.com/r/btc/comments/nguf2o/why_do_i_have_to_wait_5_days_to_send_to_wallet/
Checking sentiment
I traded up on a few dips the past few months but held the way down over the last week, still holding all. Did you sell, hold or top up? Any crypto not just BTC or BCH
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source https://www.reddit.com/r/btc/comments/ngthef/checking_sentiment/
As a moderator for /r/cryptocurrency... What I see is starting to bother me.
Yes, pardon the strangely titled thread. I believe more in the fundamentals of bitcoin than any other cryptocurrency on the planet.
The "meta shift" I have seen over the past 7 months bothers me. Nobody wants to talk about bitcoin. Nobody wants to discuss mass adoption of bitcoin. Nobody wants to talk about liberating the Lebanese freelance artist or the Iranian just trying to buy games on steam or the village in rural Kenya that is located a 3-hour-walk away from the closest bank. Nobody wants to talk about DLCs and smart contracts on bitcoin or the best non-custodial lightning network wallets. No one is talking about taproot.
No one is talking about how the creator of bitcoin never sold his coins. People are forgetting the first cryptocurrency that was ever created. People are forgetting metcalfes law.
What I find ultimately more disturbing is that during the 2018-2020 bear market more people were talking about / cared to talk about bitcoin than altcoins. It just feels like a hivemind of "pump my bags" and little more.
This is just a slight rant. It's like everyone there delusionally believes that an altcoin will surpass bitcoin and become the standard. If there is going to be another bear market, I welcome it. Just so we can go back to talking about bitcoin and lightning and the technology aspects of it all.
EDIT: I strongly feel as though the majority of the new users that we have accumulated since this bull run began are coming from /r/wallstreetbets and /r/dogecoin. The sad part is, these people are throwing out fundamentals like "market caps" and just following all the Elon tweets or they got pulled in because they realized that robinhood can shut down stock trading whenever they want but there could be no such level of consensus among all centralized and decentralized exchanges.
EDIT 2: "superior technology" showed up in 2017 in a slew of different flavors and not a single altcoin actually surpassed bitcoin.
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Insider of Large Chinese Firm Predicted Bitcoin's Crash on 4CHAN to $30,000 and Bounce at 1pm UTC 12 Hours Before It Happened
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Insider of Large Chinese Firm Predicted Bitcoin's Crash on 4CHAN to $30,000 and Bounce at 1pm UTC 12 Hours Before It Happened Wild times. [link] [comments] |
I'm experimenting with signup.cash web wallet and IPFS and would like to share my approach for others to join in on the brainstorming! It's a super simple approach minus the jargon, code is linked in the article! 🙂
Exactly $30,000?
How does BTC reverse at $30,000 at the exact moment BCH reverses at $500? Seems odd.
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source https://www.reddit.com/r/btc/comments/ngm3i0/exactly_30000/
What to do now?
We all know that our portfolios are down.
We all see the red and the panic sets in.
But were you really planing on selling any time soon?
I'm planning for the long haul, keeping my coins till I hit my moon.
So what do I see when I see all this red?
An amazing opportunity to buy up coins at a massive discount.
Think about this. If you are choosing to buy some BCH now, whatever you were planning on spending this time last week, you will literally get twice as much for your buck. $250 AUD last week would and got me about 0.125 of a coin. But today I'm looking at .25 of a coin.
Think of the long haul boys and girls. We got this.
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source https://www.reddit.com/r/btc/comments/ngke2y/what_to_do_now/
The Tether Ponzi Scheme - "This is means people are recently withdrawing, a lot. The music could stop at any moment now. It could take hours, or it could take months."
Wednesday, 19 May 2021
Can someone give me the tl;dr version or how Ethereum works?
I own a bunch of BCH. Don’t have any Etherum, but I understand it’s different from BCH in that Ether doesn’t have any supply cap.
In that case, how does it work? Does the amount of Ether in circulation just keep increasing indefinitely over time?
And what are all these different cryptocurrencies that are based on Ether (such as Chainlink)? Would it be accurate to think of them as unique cryptocurrencies that are pegged to the Ether?
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source https://www.reddit.com/r/btc/comments/nfy60l/can_someone_give_me_the_tldr_version_or_how/
It's the fastest growing asset in history, it's only 12 years old, and only 2% of the world's population is invested.
For the people that are selling; what am I missing?
Imagine where it will be when it's 10%,or 25%,or 33%!
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The panic you are experiencing now is exactly why you wouldnt have held bitcoin if you bought it at a dollar
If you truly believe in crypto you would never sell .
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This is why we bitcoin!
It seems that Venmo is censoring payments sent to the Palestinian religion fund. (I don't want to turn this into a pro Palestine vs pro Israel, so please refrain.) The point here is that nobody can censor bitcoin. THAT'S why we bitcoin, so nobody can censor your transactions.
If I want to send money to Palestine, no shitty Venmo to stay in my way. If I want to send money to Venezuela, no fucking regulations in my way. Same for Iran or Cuba. Or China. Or some tiny village in Africa. My money, my choice.
And this cannot happen without decentralization.
Edit: Have a look at this post and all the people who are openly (and happily) discussing how Venmo is just following the law.
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Garry Kasparov on Bitcoin (x/post his AMA today)
Q: As someone whom believes deeply in technology, do you believe in Bitcoin?
"Very much so. It's a way to wrest some control from big tech and government bureaucracies. It can restore some balance by giving power to "plain folks." Cryptocurriences are a bit of the wild west now, so I understand it can look dangerous and confusing, but I'm convinced they are only going to become more important and powerful and in a way that is positive for individual freedom and society."
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Here is why Satoshi invented Bitcoin. To make this possible. Buying stuff online, without needing to give your address and phone number to a website. No waiting, sub cent fees, no bullshit. This vid was from years ago, it still works like this today!
Coingate ate around $40 of my brother's BCH and didn't detect payment
So my brother tried to buy a $20 eBay gift card off Coingate a while ago. He paid 0.01630151 BCH for invoice 8364403. Tx hash: 8a0d31c5cc53b5c3db54c66bbc19b534513c0b684a58394115cb7a3a4f060c9f
...but the payment wasn't detected, so he tried again on Monday, which was probably stupid of him. But another 0.01817884 BCH was sent for invoice 8379715. Tx hash: 836c17ddecca464d2353b3167effd943f877776844fc76a59440a73ad820ee85
The issue is that both invoices expired unpaid, even though the transactions were confirmed before the time limit expired. I emailed support and sent a PM to their Reddit account, but didn't receive a response for either.
So I guess the lesson here is to not use Coingate!
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source https://www.reddit.com/r/btc/comments/nfocd5/coingate_ate_around_40_of_my_brothers_bch_and/
I know it is hard. Mentally you need to stop directly correlating BTC with USD or the currency of your preference.
Listen I get it.
You have bought everything in the FIAT of your choice.....for the remainder of this I’m just going to call it the dollar.(I know that is not what everyone uses)
Bitcoin is simply the means of exchanging your dollar for a digital store of value asset.
Period.
Once you exchange that dollar you should think it burned and reborn as a superior asset.
The ONLY thing that changes in market fluctuations is the buying power of that dollar.
When Bitcoin and other cryptocurrency are on top of Everest then...yes....sorely you get less bang for you buck but it feels good cause it’s actively growing.
When it’s dipped though you get more firepower. If your not interested in this asset during a dip then....sorry.....you need a little more exposure.
Dip or peak you are still getting the single fastest growing asset that human kind has ever seen during our digital era.
This is not a traditional investment that pays dividends or has a near guaranteed yield like say an SP500 fund.
I’m going to say something corny.
This is the future.
If you have found yourself on this crypto path with some archaic traditional investment mind set...well your a bit behind the eight ball.
Remember when you were riding the 60,000$’s high and you said “I hope it dips! I’m going to buy even more!”
This. Is. A. Dip.
Might not even be “The Dip”.
I’m going to go now.
HODL.
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Tuesday, 18 May 2021
This dip is PROOF that "I wish I would've bought Bitcoin at X price" is nonsense and NO you would NOT be rich, you'd be Poorer!
How many times have you heard it?
I wish I had bought Bitcoin when it was $1, $100, $1000, etc!
I would be RICH today! If I had bought in 2019, I'd have a MILLION DOLLARS TODAY!!!
NO....you'd be POORER today and this Dip is the proof! Look at all the FUD, in this sub, in the r/CryptoCurrency sub it's no different, nothing but FUD and despair....Bitcoin is FINISHED! Musk Killed it!
Imagine believing ONE man can literally bring down Bitcoin, imagine believing for the 1,078th time that THIS is the true DEATH of Bitcoin!
I'm still new to Bitcoin....I first bought in on December 2020 when the price was around 25,000....so I'm not an expert, I still have NOT experienced to truly BIG 50% or higher dips....but even as a newbie, I GET IT....you HODL, you DCA, you buy the Dips, you remain PATIENT, and you DO NOT Panic Sell!
I thought EVERYONE knew this....especially in the goddamn Bitcoin sub where so many people love to brag how they've been in Bitcoin for a "long time" and yet the past few days, it's NOTHING but FUD....absolutely PATHETIC!
I never want to hear people say "I wish I would've bought Bitcoin at X Price".....because these are the people that would INSTANTLY SELL the second Bitcoin had a 30% or higher correction!
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Michael Saylor says the rich never sell their assets. lets say Bitcoin goes to one million, how could i purchase a $600k home without having to sell my bitcoin?
Michael Saylor says the rich never sell their assets. lets say Bitcoin goes to one million, how could i purchase a $600k home without having to sell my bitcoin? I want to purchase a home/apartment and rent it out while still owning my bitcoin. I want to make my Bitcoin work for me, anyone have any ideas? not interested in lending out my Bitcoin, idk what could happen if the borrower isnt able to pay back.
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IRS investigating Binance for Money Laundering
https://i-aml.com/news/worlds-largest-crypto-exchange-under-federal-investigation/
XMR traders are reporting that XMR withdrawals are frozen at Binance. XMR price is already taking a beating.
It might be wise to get all of your coins off of there... FWIW I withdrew all of my BCH with no problems.
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source https://www.reddit.com/r/btc/comments/nf1kgx/irs_investigating_binance_for_money_laundering/
Help needed to update to BCHN v23 while also running Bitcoin Core on same system
I run both Bitcoin Core and BCHN on the same digital ocean droplet which can be tricky because some of the files share the same names. I need help updating to BCHN v23 without overwriting any Bitcoin Core files. Previously, I accomplished this by downloading the updated node version (but not installing it), then renaming bitcoind and bitcoin-cli to bitcoincashd and bitcoincash-cli and manually placing them into the “bin” folder alongside the bitcoind and bitcoin-cli files from Bitcoin Core. However, for the latest network update (May 15th), this didn't work. The wallet functioned initially for the couple days leading up to the update but then failed to follow the new updated chain after the 15th.
My guess is that I also need to update the library files that are included in the BCHN v23 download but I have no idea where they go. There's also a folder named “include' in the download that has a file I assume needs to be put somewhere for the software to function properly.
Can anyone walk me through how to do the update while preserving my Bitcoin Core files? I have chaintips standing by for your time.
My system is: Ubuntu 16.04.6 (LTS) x64
TIA
[link] [comments]
source https://www.reddit.com/r/btc/comments/nf1vdn/help_needed_to_update_to_bchn_v23_while_also/
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