Friday, 5 February 2021

Share the love

Share the love submitted by /u/user4morethan2mins
[link] [comments]


source https://www.reddit.com/r/btc/comments/lcu0cz/share_the_love/

Centralized vs decentralized

Just looking to expand my knowledge. I know one thing people talk about is how Bitcoin is decentralized in the manner that it can’t be diluted or take over by a small group of people. I get Bitcoin cash fees are cheaper, but how sure are we that the supply won’t be diluted like fiat or other alt coins? And does roger ver still have a lot of control over it? Thanks

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

source https://www.reddit.com/r/btc/comments/lcsy6a/centralized_vs_decentralized/

This will be unpopular because "not your keys, not your coins", but just a thought I had - earn interest on your BCH

BCH needs to participate more in DeFi and CeFi if you want more price movement on the coin. As much as everyone hates to admit it, 1% of BTC does not feel good. Yes of course using it is great, detoken (if it worked for me), noise.cash, payments, Kim, etc, etc. but so is earning interest on it.

Nexo, Celsius and crypto.com all pay interest on BCH holdings. The reason I say that this is good, is that if you receive interest in kind, in BCH, they have to buy BCH from the market to give to you. You can grow your holdings doing nothing, and BCH price goes up. For DeFi there is renBCH, I haven't looked into what can be done with that but it's tradeable on Uniswap so you could provide liquidity there for example.

As controversial as Bitfinex is, they provide the clearest view of where the interest comes from. I have BCH, someone wants to borrow BCH to trade with it. There is a market rate and I lend it out at that price. People on here claim that "they" keep shorting BCH and that's what keeps the price down. Well, this is how you take money from "them" and they can continue to do what they were going to do anyway.

Maybe if bitcoin.com offered interest on their margin trading that would be great.

I've used all the platforms so let me know if you have any questions.

RISK:

Of course, "not your keys, not your coins" applies so be careful. I've mentioned 3 companies which seem quite large and secure but you never know. There have been plenty of hacks and scams over the years. Most recently, CRED was even partnered with bitcoin.com and went bankrupt. So don't invest everything you have.

submitted by /u/Meeseeks-Answers
[link] [comments]

source https://www.reddit.com/r/btc/comments/lcr6oh/this_will_be_unpopular_because_not_your_keys_not/

Honestly, what is Hathor's problem?

Does someone have an actual answer? Are they malicious? Do they just not give a shit? Does not processing transactions fractionally increase the speed at which they can broadcast blocks?

Fuck these guys. For serious.

I know, I know, this is part of the reality of decentralization but like...if they're going to bother to mine it you'd hope they wouldn't be so aggressive about trying to damage the utility of the chain they're looking to profit from.

Follow up - is there an obvious way to discourage such bad actors without massive code changes or opening up new attack vectors?

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

source https://www.reddit.com/r/btc/comments/lcuqrv/honestly_what_is_hathors_problem/

Yearn Finance Pay 1k$ in fees to park your assets in Defi, which get exploited

Yearn Finance Pay 1k$ in fees to park your assets in Defi, which get exploited submitted by /u/MissAil
[link] [comments]


source https://www.reddit.com/r/btc/comments/lcseq1/yearn_finance_pay_1k_in_fees_to_park_your_assets/

I’m finally a believer

After all of this manipulation with amc/gme, I understand the thought process now. I am now in for life, decentralization is the only way to go!

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

Institutions are quietly increasing their investment in Bitcoin

Institutions are quietly increasing their investment in Bitcoin submitted by /u/MK333666
[link] [comments]