Sunday, 4 October 2020

NEVER Use Coinstar ATM to Buy BTC

I bought $140 worth of BTC at a Coinstar ATM in a Vons supermarket. The posted transaction fee was 4%, which is very reasonable for a BTC ATM. However, instead of allowing me to immediately buy the BTC and transfer it to my wallet I was given a voucher and instructed to go online to redeem the voucher to receive the BTC I just paid for. After going to the website, which is called coinme, not Coinstar, I was told to enter my drivers license and a selfie. Then, when I finally received my BTC and transferred it to my wallet, I was left with $120 of the $140 that I had paid for the BTC. Which means I paid a 14% fee instead of the 4% that was posted on the ATM.

Stay away from Coinstar BTC ATM's!!

submitted by /u/scifiwriter99
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The third option

https://read.cash/@Mono/the-third-option-58670c9a

Please read.

Or don't.

Just please stop adding fuel to the fire. Let's look for better solutions.

In fact, it would be neat if instead of posting hateful comments and stories, people took projects and people they disagree with and posted interesting things about positive things they have done to contribute to BCH.

For instance:

"I don't agree with Vin Armani, but I think it's interesting that he..."

"BU may not only mine BCH, but last year they..."

"Shammah may be a meme performance artist, but stamp..."

"Even though I'd like to know more about Freetrader, I do know he contributed..."

Cheers,

Mono

submitted by /u/Monomonomono13
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source https://www.reddit.com/r/btc/comments/j4q903/the_third_option/

Has Bitcoin ruined any friendships?

When I first discovered bitcoin I wanted to be an evangelist. I spoke about it with friends and strangers. Over time I came to realize that you can lead a horse to water but if the horse isn't thirsty well fuck em. But one particular friend I was explaining it to and he set up a wallet and I sent him some coin so he could see how it works. Years later when the price had exploded I know exactly what my friend is sitting on but don't say anything. Come to find out he had erased the wallet almost immediately. He didn't say it but I feel that his opinion of bitcoin was a reflection of his opinion of me. He got a wallet to humor me. Rolling his eyes when he deleted it. Shortly after the boom he sheepishly reached out and starts asking about how he might acquire some bitcoin but he lives in New York and apparently it's not easy to buy there? I'm not sure Anyway. I can't quite look at him the same.

submitted by /u/thegrandknight
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Michael Saylor on why bitcoin is digital gold

Michael Saylor on why bitcoin is digital gold submitted by /u/alvarosb
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$8M Worth of 'Sleeping' Bitcoin Rewards from 2010 Moved the Day Before 'Black Thursday'

$8M Worth of 'Sleeping' Bitcoin Rewards from 2010 Moved the Day Before 'Black Thursday' submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/j4q0cz/8m_worth_of_sleeping_bitcoin_rewards_from_2010/

Who would like to see a forked version of BCH with RandomX?

Most forks are either contentious or shameless money grabs, but I think this could actually be a worthwhile project. Monero's ASIC-resistance seems to spare them a lot of drama, as they don't have to curry favor with big miners. A RandomX fork of BCH could copy all the other code from existing projects, wallets, CashFusion, SLP, etc. The first thing the project would need is a system to provide atomic-swaps between XMR and RandomX-BCH.

I think such a project could be an interesting bridge between the XMR and BCH communities. It would give XMR miners another coin they can mine, it wouldn't have to fight for hash power with BTC and BSV, and it could leverage the privacy benefits of both BCH and XMR. Also, I don't think you'd need to worry about replay protection if you switched algorithms? Every BCH holder would get an airdrop, and it would basically be another expression of the bitcoin experiment, operating under its own name.

What do you think? Is it a project you could support, or something that shouldn't exist?

submitted by /u/GiverOfSLP-DOGE
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source https://www.reddit.com/r/btc/comments/j4phqd/who_would_like_to_see_a_forked_version_of_bch/