 |
submitted by /u/NeedleworkerNo2874 [link] [comments] |
Saturday, 19 June 2021
Did I just get shafted by sideshift.ai??
Hello, I tried to convert some amount of BCH to XMR via sideshift.ai, from Bitcoin.com wallet to the Cake Wallet app and it appears I got taken to the cleaners... Anyone has had any good / bad experience recently?
[link] [comments]
source https://www.reddit.com/r/btc/comments/o2z6wg/did_i_just_get_shafted_by_sideshiftai/
Top comment linking to TxStreet on /r/Bitcoin REMOVED after BTC users say when compared to other coins "Bitcoin looks like an overcrowded poorly run train station in India"
BCH post 2140
Assuming the goal of BCH is to keep block size large enough so that blocks are never full, how will miners continue to be incentivized to secure the network as the BCH reward reaches 0?
If blocks are never full, then there is no incentive for people transacting to pay more than a tiny amount in fees. With no competition for blockspace will fees ever be high enough to maintain a high enough hashrate to keep BCH secure?
[link] [comments]
source https://www.reddit.com/r/btc/comments/o2zz40/bch_post_2140/
Processing Transactions on a Lighting Node
I’ve been reading up on running a full lightning node and am becoming ever-more interested in setting one up myself.
One thing that sounds very interesting, though I can’t find much information about online, is processing transactions through lightning channels. For clarity, I'm not looking to be profitable or make money on fees; I just want to do a small part in helping the global financial ecosystem.
I have the following questions here that I’m hoping the community can help out with:
- Can any lightning node set-up process transactions, or do I need a certain level of GB for the raspberry pi, Micro SD Card, SSD Card, etc. to have a better/realistic chance of processing transactions?
- Does my lightning node need to be funded with BTC before it can process transactions? If so, do I need a certain amount of BTC on my node to have a real chance of actually processing transactions? Also, is there some sort of mathematical relationship between these two things (ex: if I have $1,000 BTC on my node, I can process up to $10,000 in transactions, but if I have $10,000 BTC on my node, I can process up to $100,000)?
- Does anyone have recommendations (articles, videos, etc.?) for where to learn more about processing transactions on a lightning node?
[link] [comments]
Imminent Storage Explosion: "Beyond its unbeatable thinness, graphene fulfills all the ideal properties of an HDD overcoat [at] an unprecedented data density, higher than 10 terabytes per square inch."
![Imminent Storage Explosion: "Beyond its unbeatable thinness, graphene fulfills all the ideal properties of an HDD overcoat [at] an unprecedented data density, higher than 10 terabytes per square inch."](https://external-preview.redd.it/jV_x2xuNr06NMbgz1dgGQECw7WnHJkAcdVFMLvLAoqA.jpg?width=640&crop=smart&auto=webp&s=c5f66bcc36e1d7cf25804308c480fccad1b7eadf "Imminent Storage Explosion: \"Beyond its unbeatable thinness, graphene fulfills all the ideal properties of an HDD overcoat [at] an unprecedented data density, higher than 10 terabytes per square inch.\"")
“ Scotland has no legal tender law, so why aren’t all the Bitcoiners heading to Edinburgh? Then in this, as in so many other areas of finance, we could see a hot bed of innovation north of the border.”
Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week
Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week
Bitcoin Mining Company Bitfarms to Commence Trading on Nasdaq Next Week The mining company Bitfarms has revealed the firm will commence trading on Nasdaq Global Select Market starting on June 21. The firm claims to process 1% of the global hashrate and with “99% green hydroelectricity.”
Bitfarms Renewable Operations to List on Nasdaq Global Select Market The Canadian bitcoin mining firm Bitfarms announced on Thursday that the company will be listed on Nasdaq on Monday, June 21. The company is already listed on the TSX Venture Exchange and leverages the ticker “BITF.”
For the Nasdaq listing, the company will utilize the same ticker symbol. According to the announcement, Bitfarms has obtained DTC eligibility which essentially means shares can be deposited through DTC, the largest securities depository in the world.
“Listing on Nasdaq is an important achievement for Bitfarms and is a significant milestone following multiple years of development and achievement by the company,” Bitfarms’ founder and chief executive officer Emiliano Grodzki said during the announcement.
“We started this company four years ago with a clear belief in the institutional adoption of Bitcoin and Bitcoin mining. This belief has guided us as we worked to build one of the largest Bitcoin mining operations worldwide,” Grodzki added.
Bitfarms’ website says that it currently operates 69 megawatts of energy and dedicates around 1,420 petahash per second (PH/s) of SHA256 hashrate. The rate of Bitfarms’ facilities located in Quebec turns out to be around 1.42 exahash per second (EH/s).
Bitfarms operates bitcoin mining plants in the Quebec regions of Farnham, Cowansville, Sherbrooke, Saint-Hyacinthe, and Magog. Bitfarms is not the only crypto mining company getting listed these days as Hut 8 Mining was also approved for Nasdaq listing earlier this week.
However, Grodzki details that Bitfarms will be the largest publicly traded miner, in terms of hashrate and operations nearly all powered by green energy.
“When Bitfarms begins trading on the Nasdaq, it will be the largest publicly traded Bitcoin miner in North America using greater than 99% hydroelectric renewable electricity,” Grodzki remarked.
Statistics, at least according to both firm’s websites, shows Bitfarms has a bit more hashpower than Hut 8. While Hut 8 consumes 109 megawatts of energy, the firm’s mining operations in Medicine Hat and Drumheller, Alberta dedicate around 1,073 PH/s of SHA256 hashrate to secure the Bitcoin network.
[link] [comments]
Quantum computing will not have as clear a path toward disrupting cryptocurrencies in the near future as has been widely assumed: "It's a long-range effect, and it's really damaging. It's destroying the quantum information stored in qubits."
Friday, 18 June 2021
Bitcoiners have spent the last 4 years taking jabs at Roger Ver because he said everything seemed fine at MtGoX 7 months before it collapsed. In the same time they've also not only claimed everything's fine with Tether, but relentlessly attacked any criticism.
Gatsby Starter for a BCH Wallet App
The Front-End page on FullStack.cash was recently updated with a ton of resources for front-end JavaScript developers to build wallet apps for the BCH blockchain. There are examples, Themes, Plugins, even games!
If you have a business idea, all the tools you need to build out your idea is freely available.
[link] [comments]
source https://www.reddit.com/r/btc/comments/o2a1zo/gatsby_starter_for_a_bch_wallet_app/
SEC pitched Bitcoin a softball. Thank you Gary Gensler.
SEC “seeks and encourages interested persons to provide comments” on the proposal. Specifically, the commission is asking the public to consider whether they believe the Bitcoin ETF would be susceptible to manipulation and designed to prevent fraudulent and manipulative acts and practices.
The SEC also asked people to weigh in on “the suitability of Bitcoin as an underlying asset for an exchange-traded product,” and the liquidity and transparency of the Bitcoin (BTC) market.
My response:
Bitcoin has the largest digital coin market cap at $700 billion and continues to lead providing digital coin liquidity. Bitcoin’s liquidity reduces the risk of manipulation compared to other digital coins.
Bitcoin’s blockchain is more transparent than any fiat currency.
Bitcoin is decentralized and is caped at 21 million coins. There are no pre-mined coins and 21 million cannot be manipulated. The same cannot be said about the centralized digital coins or fiat currencies. WHERE IT COUNTS MOST, Bitcoin’s decentralized design and cap prevents fraudulent and manipulative acts.
Submit your SEC comment here:
https://www.sec.gov/rules/sro/cboebzx.htm
Then select the link Submit Comments on SR-CboeBZX-2021-019
[link] [comments]
Has anyone heard an update recently about the state of K.im?
I notice the roadmap (which seems to be 9 months out-of-date) estimates BCH integration will be finished during Q2 2021 (so in the next 2 weeks).
But I also notice that none of the videos work since the YouTube channel the page links to doesn't exist, and both the Medium and Twitter accounts have been idle for ~18 months.
There's an "update coming shortly" banner that's been there for as long as I can remember.
Is anything happening with this project right now?
[link] [comments]
source https://www.reddit.com/r/btc/comments/o28fzq/has_anyone_heard_an_update_recently_about_the/
BCH lacking publicity is not as bad as you think and here's why:
In a brief summary, I analyze and describe the reasons why the lack of publicity might prove to be beneficial for BCH.
The article empathizes on the differences in the past/ present/ and future of bitcoin and bitcoin cash, and how the lack of mainstream culture is something actually positive.
[link] [comments]
source https://www.reddit.com/r/btc/comments/o25jqj/bch_lacking_publicity_is_not_as_bad_as_you_think/
Crypto awareness is increasing, but understanding is declining
The United Kingdom Financial Conduct Authority had an interesting survey recently. According to the results, it is possible to say that the number of people who know about cryptocurrency and hold it is increasing. However, among people who have knowledge about crypto the most heard about bitcoin and are unable to identify other cryptos. At the same time there is a decline in understanding cryptocurrency. So some people heard about it, but do not understand what it is. 71% of respondents were able to give a definition to it, which is less than a year ago.
Have you noticed this trend? Does it seem like people do not have enough knowledge about crypto now?
[link] [comments]
Thursday, 17 June 2021
New Community Category Added to Bitcoin Cash FAQ
BCHFAQ got its first update since launching yesterday with a new "Community" category.
The questions include:
Where Do Bitcoin Cash Discussions Take Place?
Why Is r/btc About Bitcoin Cash Instead of BTC? (moved from Basics category)
Why Is r/btc so Negative About BTC?
Many more updates are in the works!
[link] [comments]
source https://www.reddit.com/r/btc/comments/o1f4ht/new_community_category_added_to_bitcoin_cash_faq/
"Why am I big supporter of Bitcoin Cash? The simple reason is because it is the most fun one to use, it's reliable, it's cheap, and it's accepted at many businesses and services."
The Great Bitcoin Mining Migration
Beijing told China's cryptocurrency miners that they have to go. The People's Republic's recent crypto ban is not surprising considering the decentral nature of crypto.
Qinhai and Xinjiang are two more provinces that added bitcoin mining to their hit list.
This follows an especially harrowing announcement on May 21 by Liu He at the 51st meeting of the State Council on Financial Stability and Development Committee. This reads like it's straight of a George Orwell novel. The document states:
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
“Small blocks don't even make sense unless you plan on ditching the main chain completely at some point. You're always going to have to add data to the chain. Infinitely. No matter what size the blocks are.”
Our team is working on a bridge between Bitcoin Cash and Ethereum
Good news everyone! We started testing a bridge between SmartBCH and Ethereum, once SmartBCH mainnet is ready, all tokens from Ethereum can be used as part of SmartBCH contracts. Users would be able to move tokens into SmartBCH and quickly swap and get yield from BCH, ETH, DAI, wBTC, etc.. with very low fees.
You can check our previous work at:
https://www.koingfu.com , our community site
https://explorer.koingfu.com , a smartbch explorer
https://app.koingfu.com , a swap contract on smartbch testnet.
https://node.koingfu.com , our smartbch node
If you can, please consider supporting our dev team by making a donation to our flipstarter at: http://flipstarter.koingfu.com
We can only bring these tools to SmartBCH main-net with your support.
Thank you!
if you want to test smartbch based swap you can use these settings and request some test coins on this thread: https://www.reddit.com/r/btc/comments/nrpoog/how_to_get_ready_for_smart_bitcoin_cash_defi_in_a/h0oebm0/?context=3
[link] [comments]
source https://www.reddit.com/r/btc/comments/o1cqa8/our_team_is_working_on_a_bridge_between_bitcoin/
![[Spanish] Video about the Strike & LN nonsense of Bitcoin in El Salvador](https://external-preview.redd.it/UIgcqCCEaiQt0v3QulDOCN6yS-6oK-M3zj-pmOLthlw.jpg?width=320&crop=smart&auto=webp&s=a19482250f17f174db7cb3174ba63a60676bdd8e "[Spanish] Video about the Strike & LN nonsense of Bitcoin in El Salvador")
Subscribe to:
Posts (Atom)
-
Crypto is pretty much the only reason I used Reddit anymore, and I'd like to stop using this website. submitted by /u/TheTruthHas...
-
submitted by /u/FearlessEggplant3036 [link] [comments] source https://www.reddit.com/r/btc/comments/12gt49l/supposedly_insiders_in_t...
-
submitted by /u/KillerHurdz [link] [comments] source https://www.reddit.com/r/btc/comments/a6bm9y/discussing_bitcoin_power_dyn...
![[link]](https://i.redd.it/bpom5w9ms2671.jpg){kind=link}
![[link]](https://i.redd.it/ryk9w34m52671.jpg){kind=link}
![[link]](https://i.redd.it/sqvzpho00x571.png){kind=link}
![[link]](https://i.redd.it/bgckt4d3au571.jpg){kind=link}
![[link]](https://i.redd.it/y2slml9c8u571.jpg){kind=link}
![[link]](https://i.imgur.com/4gpxFqp.jpg){kind=link}
![[link]](https://i.redd.it/w2ie7v92sv571.jpg){kind=link}
![[link]](https://i.redd.it/96dij7j1xo571.jpg){kind=link}