Question for those smarter than me on this; when crypto is peaking and you want to take profit, is it better to convert to USDC and keep in cold storage or sell for cash on a platform?
I’m worried about USDC potentially depegging or one of the companies backing USDC going under.
Mining difficulty for BCH is at a 3,5 year low. https://bitinfocharts.com/comparison/difficulty-bch.html#alltime
This means not many miners are competing for the right to write the next block despite profitability being the same as for BTC. https://bitinfocharts.com/comparison/difficulty-bch.html#alltime
I know SHA256 miners can switch between the chain they mine on without much difficulty. So why do they mine so much more on BTC? I can imagine 3 reasons as to why miners do this:
1) It is because blocks are not full and miners don't get enough transaction fees.
2) It is because MEV is greater on BTC. The question still would be why.
3) It is because miners have a reason to prefer one over the other.
Unfortunately I could not find out if transaction fees are considered in the source linked above. If they are not included then this would be an easy explanation since there actually is competition for block space on BTC while BCH blocks are hardly ever full.
MEV might also make sense since it is based on the miners ability to give a transaction higher priority. This is obviously more valuable if block space is very limited.
Or option 3 plays and I just haven't figured it out yet. Maybe it's really about what miners prefer to hold on their balance sheet / what they want their worth to be denominated in.
I hope the community can shine some light on this topic for me. Thank you in advance.
BIP 152, Compact Block Relay was created 2016-04-27 by Matt Corallo, it is supported by most Bitcoin Cash node implementations. In Implementation Notes item 10 says:
- Any undefined behavior in this spec may cause failure to transfer block to, peer disconnection by, or self-destruction by the receiving node. A node receiving non-minimally-encoded CompactSize encodings should make a best-effort to eat the sender's cat.
Is this a joke? Or a typo? ("best-effort" should also be followed by a noun, e.g. "attempt")
Or does `sender's cat` have a domain-specific meaning that isn't clarified in the BIP?
Sounds outrageous, a soft version of Chinese social credit. Buying bitcoin is perfectly legal in Argentina - at least according to quick check on Wikipedia - yet you can be punished for doing it.
My first though was "great, Argentina is doing an advertisement for Bisq". Except, now a seller, if he knows buyer's identity, may blackmail him. So a bank transfer is not a good idea. Cash deposit may be an option, if the depositor does not have to reveal his identity. I know it is anonymous in Spain, but some ID is required in other European countries, no idea about Argentina.
Welp, because it always dips after i do. I promised id warn everyone first before I buy again. Youre welcome!
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