Sunday, 1 December 2019

Planet earth has been invaded with a new global currency and payment system.

Planet earth has been invaded with a new global currency and payment system. submitted by /u/HODL_CRYPTO
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Need cash for Christmas? Check out these five crypto lending sites - Yahoo Finance

Need cash for Christmas? Check out these five crypto lending sites - Yahoo Finance submitted by /u/newsybitcoin
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source https://www.reddit.com/r/btc/comments/e49cee/need_cash_for_christmas_check_out_these_five/

Elites Create Money From Thin Air While we Have to Work for Ours - Bitcoin Fixes This

Elites Create Money From Thin Air While we Have to Work for Ours - Bitcoin Fixes This submitted by /u/asso
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Why Bitcoin Cash is the greatest top five cryptocurrency!

  1. Bitcoin Core (BTC) < Bitcoin Cash

BTC can only support 14 transactions per second. This creates very expensive fees to transact. Bitcoin Core also no longer supports instant 0 confirmation transactions because of a feature added called Replace by Fee. The Lightning Network cannot scale Bitcoin because it still requires on-chain payment channels while being extremely cumbersome to use. For a number of reasons, Lighting Network will never ever be capable of scaling any cryptocurrency to global use. Lightning Network is also completely inoperable and is in the early stages of development. BTC cannot function as a world currency. And it will never upgrade or change because most of the developers are bought out by the Bilderberg Pedo Epstein Big Banker funded Blockstream corporation whose mission is to destroy Bitcoin.

  1. Ethereum < Bitcoin Cash

ETH can only process 25tps. Ethereum broke scaleability by shortening confirmation times to 12 seconds, thus causing the processing of big blocks to become impossible. The transactions cannot propagate to the other miners quickly enough, thus causing a high block orphan (failure) rate and destroying Ethereum's reliability. This is why Satoshi created 10 minute block times.

This high latency creates a natural block size limit around 100 transactions per second or less. Ethereum is now starting to have fees like BTC. They are working on some speed increases like Sharding and Proof of Stake, but these will only bring transactions to be a maximum of a few thousand tps. In order to support huge blocks, the confirmation times need to be raised, which will likely never happen.

  1. XRP < Bitcoin Cash

Ripple and XRP are not designed to replace fiat currency entirely. They are designed to create an easy way for banks and people to transact across borders and between different fiat currencies. Also, the entire architecture is centralized and much of the coins are held by Ripple, a company. The market cap is thus falsely inflated. Almost nobody uses XRP as digital money or as payment, it is mostly a digital asset traded like a stock.

  1. Bitcoin Cash (The Real Bitcoin)

Instant, fast transactions with extremely low fees. Works on the original genius design of Bitcoin (SHA256, 10 minute blocks, no block size limit), with many scaling and speed improvements. Already supports 100+ transactions per second and the architecture has been tested to thousands of transactions per second. Is on the road to supporting all 7 billion people on Earth on chain by using huge gigabyte size blocks. Bitcoin Cash has a huge ecosystem of apps and adoption already working, along with privacy tools like CashShuffle. Has the ability to change the course of human history in a profoundly positive direction.

  1. Litecoin < Bitcoin Cash

Has the same scaling issue as Bitcoin Core. They will only allow 1 MB blocks and Lightning Network, with blocks that are 4 times faster. Thus, it can only scale to 4 times the speed of Bitcoin Core (7*4 = 28 tps). It does make sense to shorten the confirmation times if you are going to keep the blocks artificially small, so, in my opinion, Litecoin is 4 times better than BTC, and infinitely better than BTC right now due to low fees.

You could keep going for the rest of the top coins, but none of them have the market cap, infrastructure, adoption, or name recognition of Bitcoin Cash.

Do you guys agree with my assessment?

submitted by /u/juliushenkin
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source https://www.reddit.com/r/btc/comments/e46l9n/why_bitcoin_cash_is_the_greatest_top_five/

I can see a shift in other subs mindset towards bitcoin maxis and its spreading

So this seems significant mind shift now. Other subs apart from r/btc are ridiculing bitcoin maxis and it's getting significant traction.

Previously there have been more people supporting the bitcoin core and hating bitcoin cash but now everyone just dismisses the maxis. And we have memes starting to take traction "ok bitcoiner" etc.

submitted by /u/xoinsotron
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source https://www.reddit.com/r/btc/comments/e48eem/i_can_see_a_shift_in_other_subs_mindset_towards/

Film Reveals Never-Before-Seen Information About the Silk Road Case

Film Reveals Never-Before-Seen Information About the Silk Road Case submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/e47fza/film_reveals_neverbeforeseen_information_about/

Magistrate Judge Urges Nix of Crypto Co.'s Default Entry - Law360

Magistrate Judge Urges Nix of Crypto Co.'s Default Entry - Law360 submitted by /u/newsybitcoin
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source https://www.reddit.com/r/btc/comments/e47bq8/magistrate_judge_urges_nix_of_crypto_cos_default/