Crypto 360°

Wednesday, 17 February 2021

Some questions about BCH smart contract capabilities

Hi , I posted a few times as CEO of a blockchain dedicated Company (Startup).

I should say at the beginning that I'm not a native English speaker , so I apologize for incoming grammar mistakes :D
I made a SLP token to represent the share value of the company to raise funds , and distribute dividends and free airdrops in return to the public and investors in the long run.

one of the main concerns of me is to provide De-Fi sort of services to the public investors.
like automating token airdrops for like each block ,X amount token to be distributed to all of the stake hodlers.

or automating a contract in which a fair dividend will distribute each month based on some sort of calculation which I as the founder can implement on the platform.

these things are those problems which can hold BCH developers back ,in compare to ETH , TRX or other smart contract based blockchains in the whole DeFi projects.Because of that,there's the need for trust in projects like mine, which we promise the community Airdrops and dividend payments.token distribution fairness need to be based on overall trust on the company and individuals and this could be red flag for some investors and other blockchain developers to not involve in the field.

I'm just here to ask if there's planning to improve and provide these kinds of contracts for SLP based tokens and BCH in whole ?

submitted by /u/AliThePhoenix
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source https://www.reddit.com/r/btc/comments/llnyu3/some_questions_about_bch_smart_contract/

Grayscale owns 1.5 % of BCH

Hello!

I just updated the most recent numbers of Grayscale BCH trust.

It has been growing very nice.

It owns already 1.5 % of all the bch that has been mined since 2009 even though it has been around since August 2020. It is approximately 2 X the inflation. Meaning, the monster is eating BCH literally from our plates. Therefore, my advice is to think carefully what to do with bch.

BCH is probably the best thing that has happened for BCH. Especially if it can manage the growth and heck even grow faster.

For 401k savers, you might consider also BCH trust as a good option to diversify your stock portfolio. Despite the premium, in 20-30 years it will be most likely your best performing asset.

submitted by /u/JarmoViikki
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source https://www.reddit.com/r/btc/comments/llmy4j/grayscale_owns_15_of_bch/

It's seriously amazing how far technology has come since the scaling debate back in 2015-2016!

I remember first getting into Bitcoin back in 2015-2016 (somewhere around that time). I wasn't even in HS. I heard about Bitcoin through an app called slidejoy, which allowed you to get free money every time you unlocked your phone. At the time, I wanted to redeem my money for PayPal cards, but I couldn't get my PayPal account up and running. I had looked at the other options for redeeming money, and there was this option to redeem money in "Bitcoins". I redeemed a small amount, but never understood the actual concept of cryptocurrency. At the time I got my first few satoshis, I wasn't paying any attention to the "great scaling debate". I lost my Bitcoins, and didn't really think about them for a few years (until I got them back and spent them).

I remember being interested in tech over all, and hearing about SSDs and how they are a new form of digital storage that are going to replace normal HDDs. I was thinking about shopping for them, but at the time, they were ridiculously expensive, and I didn't have that money. I wasn't really old enough to work, and it seemed like a waste. Back then, even a SSD that had a capacity of 1 TB was almost a thousand bucks. I remember thinking "who in their right mind would pay 8x the cost for digital storage just to get it a little faster". Keep in mind that there were only SATA SSDs that were widely available at the time. Back then, my family's internet connection speed was only about 25 mbps.

Fast forward 5 years, and here we are today. I thought SATA SSDs were fast and impressive. Little did I know that we already have a "new" type of SSD that uses PCIe technology. Not only are they faster, but they make SATA SSDs look painfully slow. Today, I can get the same SSD I had back in 2016 for only about $150, (which has the same max speed of the SATA cap at 750 MB/s or 6 Gbps), and if I just want to pay a little bit more, I can get a PCIe/NVMe SSD, which is roughly 5x faster than a standard SATA drive, clocking in at roughly 32 Gbps or 4 GB/s. My internet home connection has also gone from 25 mbps to 300 mbps (and that is the slow option), an improvement of 12x. It really surprises me how far tech has come even in the last 5 years when I start looking back.

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/llmika/its_seriously_amazing_how_far_technology_has_come/