Crypto 360°

Monday, 3 August 2020

India Proposes Amnesty for Citizens Holding Unreported Gold

submitted by /u/bitdex
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Now that we’ve flushed out the weak hands, next stop the moon

🤞🙏🤞🙏🤞🙏🤞

submitted by /u/RooXOXXO
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Segwit vs Native Segwit

Hey everyone. I read that I should be holding my BTC in Native Segwit. I was holding them in Segwit so I sent them from segwit to native segwit. I was charged a transaction fee of 0.00075 and after confirming, I went to the overview and it said I had paid 133% more then I should have. I noticed before I confirmed the send that there was an edit button on the transaction fee. Is there a minimum fee to enter manually? I also read that if I don’t meet the minimum fee requirement that my transaction won’t be confirmed by the miners. Can someone clarify please. Thanks!

submitted by /u/sgigante1
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If you found out that ABC was trying to intentionally derail Bitcoin Cash would you continue using their client? Their actions have pushed for centralization along with actively destroying utility. Please stop using ABC.

I need to spell this out for new users here.

Bitcoin Cash has been and continues to be the original immutable Bitcoin ledger since it was launched in 2008. In 2017 Bitcoin got an upgrade with larger blocks and the Bitcoin described in the Whitepaper is now called Bitcoin Cash. Bitcoin Cash continues to be peer-to-peer electronic cash. It doesn't require a business, government middleman, 2nd-layer hub-spoke junk model or centralized development team to continue and flourish. That's what makes Bitcoin Cash so powerful. It gives you back control of the money you rightfully earn and save.

Bitcoin Cash scales and it can do so cheaply for even small transaction amounts. The world can start using Bitcoin Cash today and it will scale elegantly where other centralized and intentionally crippled coins like BitcoinBTC will fail.

The above facts make Bcore fanboys shivver in their timbers. That's why they're here attacking this project. Bitcoin Core is garbage software and Bitcoin Core fan boys were dumb enough to buy into a pump-and-dump scheme rather than actual coin utility.

More facts:

Central banks feel threatened. They technically own your money, keep 5% of it in reserve and engage in high-risk gambling with the rest.
Government dictatorships feel threatened. Bitcoin Cash is cross-border and can't be frozen. They can't stop foreign capital outflows and with proper obfuscation they can't use your transaction history against you for political persecution.
Consolidated-power entities like the federal reserve feel threatened. They push a button and create trillions of bogus fiat dollars out of thin air. Bitcoin Cash teaches people that money is an idea that we all agree upon; not a face on a piece of fancy paper or some fake number in a centralized database.
Many other groups attack BCH for many other reasons. If it's not something they can control or a scam they can benefit from, they will attack it.

To make it crystal clear, Bitcoin Cash is and will continue to be under social attack in this subreddit. Don't be surprised to see trolls troll'in. They are here and they mean to destroy this project despite it being a benefit to them in their actual lives, since they too use Money.

In regards to ABC:

The recent IFP miner tax theft attempt was an attack on decentralization of the Bitcoin Cash protocol. We got lucky... very lucky.

ABC's more recent DAA Grasberg change would slow blocks, making Bitcoin Cash less useful, while also invalidating time contracts built on top of it. It's another clear attack on the utility of Bitcoin Cash.

It's obvious that ABC is making changes that will undermine Bitcoin Cash. Maybe it's a government actor that is forcing these harmful changes. Not sure, and there's no way to know, but it's clear that these are incredibly harmful changes that would only be pushed by someone trying to do serious harm.

Please use BCHN, Bitcoin Unlimited or one of the other great wallets. These projects have BETTER developers than ABC and they don't appear to be actively trying to undermine it.

Power to the people.

submitted by /u/Annapurna317
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source https://www.reddit.com/r/btc/comments/i2pfvb/if_you_found_out_that_abc_was_trying_to/