The Bitcoin Cash Podcast #1: Whitepaper Whitewashing & History of The Flippening

submitted by /u/Shibinator [link] [comments]

source https://www.reddit.com/r/btc/comments/l32g9b/the_bitcoin_cash_podcast_1_whitepaper/

Look bois, we are doing more tx per second than BTC and nothing is blowing up.

submitted by /u/i_have_chosen_a_name [link] [comments]

source https://www.reddit.com/r/btc/comments/l335gi/look_bois_we_are_doing_more_tx_per_second_than/

Gregory Maxwell, ex-Blockstream and Bitcoin Core developer on the Bitcoin White-paper: “...amazing and historically interesting but practically irrelevant document on a website that can easily be found in thousands of other places.”

Gregory believes that the Bitcoin White-paper is irrelevant because Bitcoin lives-on through code (which his affiliates happen to maintain) and the BTC instance of Bitcoin.

Greg is actually mistaken.

The Bitcoin White-paper is extremely important.

For example, BTC today is NOT the Bitcoin described in the White-paper: Bitcoin was never meant to be limited in its transaction capacity nor was it meant to have those extremely high transaction fees BTC currently suffers from. The opposite is true: Bitcoin is meant to always offer near-free (and even free) transactions.

The Bitcoin white-paper is NOT irrelevant, it’s actually extremely important as it anchors that Bitcoin is peer to peer electronic cash.

The other use-cases such as Gold 2.0 and Store-of-Value are the result of Bitcoin’s frictionless utility as peer to peer electronic cash with 0 trusted third parties, and with a very specific set of incentives distributed among its users and miners.

People value utility, and you can store value in what other people value.

There is no value without utility, and utility in Bitcoin is the result of solving the Byzantine generals problem.

BTC today cannot offer Bitcoin’s utility (peer to peer electronic cash) at global and cash-like scale without compromising the Byzantine generals problem solution presented in Bitcoin (and defined in the White-paper).

Lightning Network, Liquid and all off-chain solutions inherently violate the Byzantine generals problem solution presented in the Bitcoin White-paper.

The reason Gregory considers the White-paper as irrelevant is because BTC fails the Bitcoin description in the White-paper, and for all that he cares, good riddance.

Bitcoin as described in the White-paper continues unchanged and full throttle as peer to peer electronic cash for the world here on Bitcoin Cash (hence the name).

As for BSV and other forks of Bitcoin, the very reason for which the Bitcoin White-paper is being discussed today is the reason for which I’d never ever use them.

Source of Greg’s statement: https://www.reddit.com/r/Bitcoin/comments/l1uieu/bitcoinorgs_response_to_legal_threats_by_csw/gk1y8h9/

submitted by /u/wisequote
[link] [comments]

source https://www.reddit.com/r/btc/comments/l32vbi/gregory_maxwell_exblockstream_and_bitcoin_core/

Newscrypto platform provides traders with a set of highly effective tools for efficient crypto trading

submitted by /u/Osieczycec4
[link] [comments]

source https://www.reddit.com/r/btc/comments/l31nt4/newscrypto_platform_provides_traders_with_a_set/

Announcing the January 2021 Jaymo Cash Games | 1v1 Rocket League tournament | $50 prize pool [Comment for free ticket code!]

submitted by /u/AD1AD
[link] [comments]

source https://www.reddit.com/r/btc/comments/l30ok4/announcing_the_january_2021_jaymo_cash_games_1v1/

Michael Chad Saylor on CNBC Buys the Dip, Says Bitcoin Could Replace Gold, Flirts His Way Through Interview - Jan 22nd 2021

submitted by /u/Fiach_Dubh [link] [comments]

I fucked up.

So, as the title suggests. I Fucked up big time.

I've been in crypto since 2017, been putting all my extra cash into the markets since then. Been active in communites and definitely confident about the future of crypto.

Ill skip to my fuckup.

I had recently decided to trade using leverage, started small and did my research.

Today, I saw an opportunity with bitcoins sideways pullback and supports, and I was confident. Too confident. i bought in at 20x leverage, things were going well, i bought a bit above the bottom, and then bought in again nearly perfectly getting the reversal.

Here is my series of mistakes that turned into a big fuckup: Normally ill judge the bounce and buy in again on the ride up if im confident, small fluctuations in price wont get me liquidated, wait, not get too greedy and close.

I decided to use 125x leverage on my last buy. Dumb i know. but still, it was my smallest buy and i was confident in the returns, if theres a fluctuation i'd just add to the position.

I clicked 125x, didnt read the warning i got, ( after all, time is money)

and then, something seemed off. I only had One position open. Then, tiny fluctuation, i see -50%, -80%, panic a bit and try to close. Boom, Liquidated.

I didnt know that the Entire position goes 125x.

Entire balance of over 3 years. wiped.

Dont be as reckless as me. I't feels like shit.

Im going to slowly try and rebuild.. Staying meathodical and being much more conservative with my risk.

But fuck, this sucks.

submitted by /u/ETN_Overlord
[link] [comments]