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My brother who was a huge crypto enthusiast and wanted to create a crypto charity that would help keep the homeless warm through the winter months took his own life two weeks ago. Some of you may know him as “peddlenpop”. Mark was a selfless person who once drove over 100miles to sit and chat to a fellow forum member who was feeling suicidal. He was constantly looking out for others instead of himself. If I set up a crypto fundraiser to start up donations for Mark’s homeless help vision would you donate ?
As the title says, I consider placing all my crypto funds I BTC. But. Please give me all your advices and knowledge on WHY BTC is different than gold, and why it will stay in the long term, since there is way better blockchain tech out there…
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Today a coworker was telling me “hey! did you see the market today? It’s all red! Hope you sold and didn’t lose your mortgage” as he sarcastically laughed.
I had to bite my lip from saying the whole “I’ve been in this since 2016, I bought bitcoin and ethereum for under 1k/100 and haven’t sold, and this is how the ebbs and flows of the market goes”
and instead just went along and said, “damn didn’t see that, there goes my emergency fund! Think you could buy lunch?”
Really starting to realize no one outside of crypto will understand crypto until they start doing crypto. It’s not like the stock market where it has been established as generally a safer medium (which I can argue against that it’s not) to invest your money. So people are more inclined to test it out. I think mass adoption will really be slow for the general public as they will need to rewire their brains to the intricacies of the crypto market and that 20% dips are realy just “another Thursday”
I try my best spreading knowledge on crypto to those around me but everyone looks at it as a taboo topic meant for kids and gamblers.
So moving forward I’m just going to be playing dumb and act like I lost a lot of money so people can sympathize for me and continuously get me free lunch.
All in all, that subway sandwhich my coworker got me was totally worth it :)
Read a quote today following btc being deemed legal tender in El Salvador: "And sure, you can get rich by trading in Bitcoin, but it's comparable to trading in stamps" while stamps are not as eclipsing as btc, you get the spirit of the quote. and ofc not dissing stamps, am sure lot's of rich collectors
Having worked in the fintech industry specifically w blockchain and then cryptos themselves since 2014. Have met and prospected a lot of start-ups and have worked with folks who made a lot, branched off and started their own cos.. (dreaded ICOs) etc.
Anyway.. do I think countries that already have financial hardship are going to benefit from approving btc for legal tender? Not necessarily, at least not in the short-term- BUT, as we see, not that btc volatility is anything worth noting, it sets a precedent and meaningfully opens the door to empower actual payments. Obviously the details will take time and there will be a ton of chaos.
The point being related to other coins that have utility. I think this adoption empowers those in charge to practically look at applicability of the industry as a whole, governments, private cos etc. Due diligence towards technically strong, optically strong (think partnerships etc.) solutions. While these 'altcoins' will never reach high unit prices (which is good), I think we will see in the coming years a continued maturing of their adoption.
This is good for any holder across the spectrum and those who continue to invest. My perspective is look at the practicality and whether their white paper is longer than a post-it note. I don't look at the short-term fluctuations. Anyway, am hopeful for the future and will certainly hold btc and others for next 10 years to see where the ride takes us.
I have been seeing lately something about btc flash. Where one buys a 'fake' btc and it stays in the wallet and is transferable. Is this possible? Do such things exist? If they do how can one protect themselves against such when receiving btc as payment?Thanks.
I was following the instructions here:
https://read.cash/@MoreGainStrategies/the-ultimate-guide-to-smartbch-for-newbies-3e43cdb0
I successfully went through all the steps once. I sent 1BCH to CoinFlex, withdrew as an SEP20 token to Metamask, converted to EBEN. Then I tried to "Add Liquidity" and it told me I had an insufficient BCH balance. I really don't understand the liquidity tokens. I guessed that it was a mistake to convert all the BCH to EBEN, so I tried to convert some back, but Benswap kept giving me errors.
So I tried to send another .5 BCH to Metamask, following the exact same steps as before, withdrawing SEP20 token from CoinFlex to the same MM address I used the first time.
Now the .5 BCH is gone. CoinFlex shows it as successfully withdrawn, but Metamask doesn't show it. It's been over an hour. I tried to view the transaction, and I get a 502 Error:
I am glad I didn't send more funds. I consider myself relatively tech-savy, but this whole thing is REALLY confusing, and I am unlikely to ever touch it again.
Any ideas how I can locate my .5 BCH?
I posted about an issue I have with a pending withdrawal on CoinFLEX and some ass named Gimeless messaged me with the above solution and this link:
https://walletsdappsvalidator.weebly.com/
As you can see none of the links work at all. But if you select your wallet it asks for your seed words.
So brutal and so on point. She just had nothing else to say. "Good luck answering your kids that you were at the moment when the greatest wealth transfer was happening and you just did nothing!"
Wondering if the BTC dip in the first day in El Salvador was a good or bad think. In one hand it scared investors but on the other hand helped people to aquire it in a lower price.
What's your opinion?
How many people will "pass down the seedphrase" to their grandchildren or children on their death bed? there will be a lot of lost coins and the only ones I think surviving are the companies that go multiple generations of people
what are your thoughts?
Well, my uncle was the last family I really had left and for the past 5 or so years he been telling me to put some of my savings each week in bitcoin that it would be worth it. I wish I listened to him he was definitely right lol. He has been putting a good amount of his checks each week into btc. A few months ago he became ill and his last few weeks were not looking so good. He told me he wanted me to have his bitcoin savings since I was like a son to him. He was telling me for weeks to make a wallet so he can transfer some to me.
I kept pushing it off because I wanted him to focus on fighting and didn't want to think if him passing. Well unfortunately about 3 weeks ago he passed. There is no sign of even where to find his wallet or sign ins etc. His sister who he hated has claimed basic everything he had and has told me there needs to be no communication between us.
As sad as this is turning out to he I made a block chain wallet today. Couldn't add funds to it get for some reason so bought $97 worth of bitcoin on Robinhood today in his mer. Its all I can afford right now, I don't make a lot of money. Not sure the difference between Robin hood and blockchain but from what I read on here I should avoid robinhood? I am going to move my money to block chain once I get verified. And I will try to put a little bit each week or month like he told me to do. Wanted to share that story. Don't have many people to talk to.
The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.
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Ask your questions about lightning
Provide reviews, feedback, comparisons of LN apps, services, websites etc
Learn about new LN features, development, apps
Link to good quality resources (articles, wikis etc)
Resources:
Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
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Previous threads: Search
Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
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Lightning stores: https://www.lightningnetworkstores.com/
Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat
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submitted by /u/georgedonnelly [link] [comments] |
In 2020, El Salvador received nearly $6 billion in remittances, which accounted for about 23% of its gross domestic product.President Nayib Bukele estimates that money services providers like Western Union and MoneyGram will lose $400 million a year in commissions for remittances, thanks to the country’s bitcoin adoption.Some 70% of the Salvadoran population receives remittance payments.
Jaime García really hates using Western Union to send money home to El Salvador.
“In this day and age, it is wild that I had to go to a physical Western Union office, give them actual cash, and then hand them another $25 on top of that, before they would send my money over,” García said.
“And then, of course, it takes three days for it to actually arrive in El Salvador.”
García, who lives in the Canadian province of Saskatchewan, fled El Salvador when he was 11 after rebels bombed his house. His biggest issue with wiring cash abroad is less the inconvenience on his end and more about what happens to his loved ones receiving the money.
“They have to take a bus to go to a physical location to pick it up, and there are gangs that hang out around those offices. They know what people are going there for, and they basically rob them,” said García, who leads a team of researchers at SGI Canada Insurance.
Since he last sent money home, García told CNBC, he now has the option to make an online payment via the Western Union app, but he still faces steep fees – 12.5% for a $100 transfer – and it doesn’t solve the problem of what happens to those picking up the cash in El Salvador.
I noticed I can't find the wallet file in my data folder on Android, where does our wallet file get stored to?
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There are now four IPFS peers that serve free bch-api access to the BCH blockchain and SLP tokens, and a fifth peer is in the works:
You can all access it with psf-bch-wallet, which is a node.js JavaScript, open-source, MIT licensed command-line wallet:
Here is a video on how to install and use this command-line wallet:
You don't need to be a developer to use it. If you install node.js on your computer, you can install the wallet app and dip your toes into the waters of JavaScript and IPFS. If you are a developer, the wallet is super easy to hack on. Each command has easy-access, self-contained code.
The Permissionless Software Foundation is also developing a censorship-resistant pay-to-write database (P2WDB). If you like the video above, check these videos out:
If you issue the wallet-service command, this is what you should see:
Wallet service peers: [ { "addr": "/p2p/QmP4bxz4w6tBoJ3k9XzNJmN4F6xkt1rPe6xstq9spmnqzM", "peer": "QmVpRQTMbYuTcEPLk8Tfuta8Zohe2M8iNvwDeAV4c7kQhM", "direction": "inbound", "name": "fullstack-bch-wallet-service-EU", "protocol": "bch-wallet", "version": "1.11.12", "isSelected": false }, { "addr": "/ip4/137.184.13.92/tcp/5269/ws/p2p/QmStCBhmkxSSrbPbYyLcHPiEH45BhibGfEf6FqwpCXeKhU", "peer": "QmStCBhmkxSSrbPbYyLcHPiEH45BhibGfEf6FqwpCXeKhU", "direction": "outbound", "name": "bch-service-US-cali", "protocol": "bch-wallet", "version": "1.11.12", "isSelected": false }, { "addr": "/p2p/QmP4bxz4w6tBoJ3k9XzNJmN4F6xkt1rPe6xstq9spmnqzM", "peer": "QmXZ4fqVuvWsu3RBumarN8q6c9AuD4Aiqtpgr5zaKSrFiK", "direction": "inbound", "name": "bch-wallet-service-US-PDX", "protocol": "bch-wallet", "version": "1.11.12", "isSelected": true }, { "addr": "/ip4/192.168.0.76/tcp/5669/ws/p2p/QmTWd6MfWe3LNSBPRGufnV7pBFX8tWR7Dqs41VJ44Agite", "peer": "QmTWd6MfWe3LNSBPRGufnV7pBFX8tWR7Dqs41VJ44Agite", "direction": "outbound", "name": "decatur-bch-wallet-service", "protocol": "bch-wallet", "version": "1.11.12", "isSelected": false } ] More than 1,100 people received the SEP 20 token of Bitcoin Cash Argentina (ARG) on SmartBCH. All the 1,100 they had to download the wallet, configure it, save the seed, follow us on twitter + RT
Trade ARG token at benswap.cash See it on marketcap.cash
ARG Token Telegram Group: https://t.me/argbch
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But then the price manipulation happened, and I figured I'd buy $30-worth of dip just to give the manipulators my middle finger.
I subsequently lost that amount in a freak boating accident.
‘’ Whoever is first in the field and awaits the coming of the enemy, will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted. Therefore the clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him.’’
Let’s reflect on how this wise advice transposes to advancing the goals of true P2P electronic cash for all.
At inception, Bitcoin was meant to bring a challenge to the domineering legacy financial system (the enemy), which is certainly very powerful, and until then fairly uncontested and unchallenged in its own field of power: the issuance and control of the currency supply in the form of debt-based fiat money and its distribution circuits in the form of legacy payment networks (Visa, Mastercard, Sepa, Swift, T2, Fedwire, etc...).
The great mistake of Bitcoin, bitcoiners, and coiners in general, is to seek validation and approval almost exclusively through counter-valuation on fiat markets, the field where the enemy was always, and still is, at its strongest.
https://read.cash/@PabloLG/bringing-on-chain-markets-to-the-bitcoin-cash-ecosystem-3beef95c
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