Discover and read the best of Twitter Threads about #bitcoincash
Most recents (24)
🧵 1/ “I was so bullish on Lightning (#LightningNetwork). I was so… Thinking about lightning as the best way to… this is how we’re going to transact and everything. And now that Lightning is here, and… Even now Lightning has been around for a long time, but…” — @ercwl
2/ “…I don’t want to use this system to pay with, because of the inbound liquidity and all the nonsense around that. And just like, opening up your lightning node that has to sync… I think that Lightning…
When you’re using cryptocurrency, you just want to…” - @ercwl
When you’re using cryptocurrency, you just want to…” - @ercwl
3/ “…be able to put a deposit address somewhere, and then people are sending you money without you even maintaining that. You don’t want to have to go through the hassle of these open channels. So like, Lightning…
After a few years, like, after we were fighting so…” - @ercwl
After a few years, like, after we were fighting so…” - @ercwl
I've seen a lot of people think that #BitcoinCash $BCH should go up in value now that #Bitcoin $BTC is wrestling with scalability issues.
In this thread, I'll try to tame your expectations a bit, and keep us all a little more grounded:
In this thread, I'll try to tame your expectations a bit, and keep us all a little more grounded:
1/ Back in 2015, #Bitcoin was viewed as a panacea to a lot of different problems. Each of these problems have different value and the users back then seems to mostly be broad in their interpretations and views.
To make this more tangible, lets consider some (incomplete) examples
To make this more tangible, lets consider some (incomplete) examples
2/ It was widely believed that #Bitcoin would replace gold and fiat as a store of value, become a dominant type of means of exchange, would enable commerce and financial interactions digitally that was previously not possible and once stable would also be our unit of account.
Bitcoin Cash Thread -
Bitcoin expands and contracts in many different ways. In other words, it's all a balancing act...
#1
#1
In 2017 the balance was broken. BTC would restrict the naturally required expansion of blocksize as the network grew.
#2
#2
Meaningful adoption of #Crypto as money still hasn't kicked in yet, despite 14 years since its inception and demand across the globe.
Why? 🤔
Because we keep getting stuck at certain levels of the adoption cycle. Thread:👇
1/12
Why? 🤔
Because we keep getting stuck at certain levels of the adoption cycle. Thread:👇
1/12
Before going further I should acknowledge that #Bitcoin's block size limit did slow down adoption.
The blocks filled up and adoption halted until the #LightningNetwork became viable just a couple of years ago.
Happened regardless of if you think it was necessary or not🤷♂️
2/12
The blocks filled up and adoption halted until the #LightningNetwork became viable just a couple of years ago.
Happened regardless of if you think it was necessary or not🤷♂️
2/12
Okay so there are 4 big steps here:
1: People want crypto
2: People buy crypto
3: People want to be paid in crypto
4: People want to spend crypto
Each step represents consumer demand driving adoption, and each step needs its own tools to make this easy.
3/12
1: People want crypto
2: People buy crypto
3: People want to be paid in crypto
4: People want to spend crypto
Each step represents consumer demand driving adoption, and each step needs its own tools to make this easy.
3/12
1/ #CryptoCrap - An infamous Canadian offshore #OnlineGambling tycoon (Calvin Ayre - #Bodog), #Bitcoin’s self styled inventor (Craig White), two Lords & a £10bn crypto lawsuit over #BitcoinSV. In 2018 the FT wrote ‘Bitcoin birthday boy is an absurd star of a serious industry. … 
2/ The new face of cryptocurrencies is none other than offshore #OnlineGambling kingpin Calvin Ayre.’ Back in 2018 it was ‘Forking hell’ in the crypto-crappery as rival crypto-nerd clans, fought it out, handbags at dawn, in the #BitcoinCash ‘hard fork war’.
3/3 On one side (#BitcoinSV: BSV) the self styled ‘inventor of #Bitcoin’ (Craig Wright) and on the other (#BitcoinCash: BCH) ‘Bitcoin Jesus’ (Roger Ver). BitcoinSV lost & is now targeting offshore crypto exchanges #Binance, #Bittylicious, #Kraken and #Shapeshift.
Pleas for reconciliation = subconscious fault recognition, precursor to humble conversion. #BCH needs all Bitcoiners, but cannot afford any previously purged nonsense.
Rethink the differences & come home. On some level, you already understand you eventually will.
We'll be here.
Rethink the differences & come home. On some level, you already understand you eventually will.
We'll be here.
Previously:
It's crypto winter - don't get left out in the cold without your hat on!... #Crypto #Bitcoin #Ethereum #Dogecoin #BitcoinCash
@threadreaderapp unroll
Le Luxembourg 🇱🇺 est ajouté aux plans d'expansion du service de crypto de #PayPal
Ce qui pourrait être son premier pas dans l'Union européenne 🇪🇺
Le Luxembourg pourrait servir de passerelle pour les 26 autres États membres.
Ce qui pourrait être son premier pas dans l'Union européenne 🇪🇺
Le Luxembourg pourrait servir de passerelle pour les 26 autres États membres.
Cette décision fait suite au déploiement initial du service de cryptographie aux États-Unis en 2020, suivi d'une expansion au Royaume-Uni l'année dernière.
PayPal étendra son service de cryptographie au Luxembourg "dans les prochains jours".
PayPal étendra son service de cryptographie au Luxembourg "dans les prochains jours".
Il faut savoir que le Luxembourg abrite le siège européen de PayPal.
Une fois disponibles, les utilisateurs pourront acheter, vendre et détenir du #bitcoin, de l'#Ethereum, du #Litecoin et du #bitcoincash à partir de 1 euro (1,05 $).
Une fois disponibles, les utilisateurs pourront acheter, vendre et détenir du #bitcoin, de l'#Ethereum, du #Litecoin et du #bitcoincash à partir de 1 euro (1,05 $).
Here's some mind numbing notes on Wyckoff and where I see we are at in this Trend Cycle.
Part of my studies have been to always apply Wyckoff to a medium timeframe analysis as I find it's helpful determining TC.
First was our markdown phase, I believe this period to be over.
Part of my studies have been to always apply Wyckoff to a medium timeframe analysis as I find it's helpful determining TC.
First was our markdown phase, I believe this period to be over.
That also means the bear market is over. Doesn't mean we can't visit $10k. The 77% move from the top to 16k I would consider to be the end of a bear market and the most money to be made is done
Next we move to accumulation. This period can last a long time. So no FOMO.
Next we move to accumulation. This period can last a long time. So no FOMO.
Spring has the potential to go a little deeper before recovery. Either way, often bears get trapped here believing market has more downside when institutional investment and smart money pops the price into the next markup phase.
1/ I've been trying to understand more about the #LightningNetwork from a user experience point of view, as I see many enthusiasts openly advocating the tool as a real scaling solution while using #BTC as money for everyday life — trying to get new users on board.
2/ I have a keen interest in using decentralized money for everyday activities, and when I talk to people who are looking for the same (or living it in practice), their experiences involving lightning are usually pretty negative.
Among the negative reports I see, mainly ⬇️
Among the negative reports I see, mainly ⬇️
3/
> Custody;
> Theoretical vulnerabilities;
> Dependence on intermediaries for routing and tendency to centralization;
> "Voucher" system;
> Payments that are not completed;
> Lack of routes between channels;
> Higher fees than expected;
> Lack of liquidity for higher values;
> Custody;
> Theoretical vulnerabilities;
> Dependence on intermediaries for routing and tendency to centralization;
> "Voucher" system;
> Payments that are not completed;
> Lack of routes between channels;
> Higher fees than expected;
> Lack of liquidity for higher values;
1/ Venho tentando entender mais sobre a #LightningNetwork de um ponto de vista de experiência do usuário, já que vejo muitas pessoas defendendo abertamente a ferramenta como uma solução real de escalabilidade e uso do #bitcoin como dinheiro para o dia-a-dia.
2/ Eu tenho um grande interesse no uso de dinheiro descentralizado para atividades corriqueiras e, quando converso com pessoas que estão buscando o mesmo (ou vivendo isso na prática), as experiências envolvendo a #lightning, normalmente, são bastante negativas.
3/ Então, na minha percepção, existe uma contradição entre:
A) muita gente defendendo o uso da tecnologia, sem tantos relatos de uso real;
B) muita gente que usa, relatando que a experiência é ruim e não é uma solução viável.
Minha própria experiência foi negativa.
A) muita gente defendendo o uso da tecnologia, sem tantos relatos de uso real;
B) muita gente que usa, relatando que a experiência é ruim e não é uma solução viável.
Minha própria experiência foi negativa.
BTC is "Bitcoin" only because a group of centralized exchanges gave it that ticker.
In other words, it was fixed.
A few dozen people decided that the Segwit fork would be "BTC" and the version that worked the way Bitcoin had always worked would become an "altcoin."
In other words, it was fixed.
A few dozen people decided that the Segwit fork would be "BTC" and the version that worked the way Bitcoin had always worked would become an "altcoin."
There was no level playing field.
There was no hashwar.
The market did not decide.
The market was not given a choice.
It was fixed.
There was no hashwar.
The market did not decide.
The market was not given a choice.
It was fixed.
Remember when Faketoshi split BCH?
Even though he was a total fraud with a completely bogus motivation for causing a split only two weeks before code freeze, exchanges still gave that bozo a level playing field, renaming BCH into "BCHABC" and "BCHSV".
Even though he was a total fraud with a completely bogus motivation for causing a split only two weeks before code freeze, exchanges still gave that bozo a level playing field, renaming BCH into "BCHABC" and "BCHSV".
Alguns comentários sobre o artigo do @PeriniBruno no @Estadao @EstadaoEconomia publicado esta manhã com o título: "Por que o #bitcoin será cada vez mais adotado pelas pessoas".
Espero poder trazer um debate saudável sobre o assunto para quem interessar. 1/
Espero poder trazer um debate saudável sobre o assunto para quem interessar. 1/
Como produtor de conteúdo e redator, eu gosto muito de receber feedback sobre o que escrevo.
Adoro receber feedbacks positivos, mas minha evolução profissional se dá principalmente onde existe conflito, pois me motiva a melhorar e me permite aprender coisas novas. 2/
Adoro receber feedbacks positivos, mas minha evolução profissional se dá principalmente onde existe conflito, pois me motiva a melhorar e me permite aprender coisas novas. 2/
Eu também acredito que, como divulgadores de informação em uma área de conhecimento ainda com grande assimetria de informação, o aprendizado constante é essencial para trazer informações corretas e educar pessoas que buscam entender melhor o universo #cripto e #blockchain. 3/
[Présentation @RealTPlatform part 2]
1ère partie :
Pour acheter des tokens, il faut les mettre au panier et valider votre commande. Pour payer, 2 méthodes :
- 🪙 en crypto ( $USDC, $DAI, #Ethereum, #Bitcoin, #BitcoinCash, #Litecoin )
- 💳en carte
26/45
1ère partie :
Pour acheter des tokens, il faut les mettre au panier et valider votre commande. Pour payer, 2 méthodes :
- 🪙 en crypto ( $USDC, $DAI, #Ethereum, #Bitcoin, #BitcoinCash, #Litecoin )
- 💳en carte
26/45
Attention, si vous payez en CB, c’est en dollars. Privilégiez donc une carte de type @RevolutApp avec des taux de change infimes, ou une CB avec #cashback, pour rentabiliser encore plus votre investissement.
27/45
27/45
Une fois les tokens achetés, vous recevrez par email un contrat à signer électroniquement via @HelloSign. Le contrat est assez dense (environ 80 pages), je vous conseille de le lire, ou au moins de le survoler. Le signer se fait en quelques clics.
28/45
28/45
Probablemente algunos hayan visto este video. Más allá de la demostración penosa de la tecnología (desubicados el lugar, la forma y el momento), hay un detalle no menor que me gustaría enfatizar para los que creen que #LightningNetwork funciona.
Si notan bien, por un par de segundos se muestra la tarifa de la transacción (el equivalente a diez centavos de dólar o casi veinte pesos argentinos).
¿Por qué paga tanto? Resulta que al pagar por Lightning usando Muun, la billetera «esconde» el hecho de que se está abriendo un nuevo canal de pago. Realmente, esa tarifa es la transacción que debe quedar registrada en la cadena de bloques.
A bit over a year ago there was a lot of discussions about #BitcoinCash and the topic of a #Roadmap. Back then, I spent some time with @im_uname to get his views on the path forward but after some exploring of the subject we put it aside.
This thread is a look back on our notes.
This thread is a look back on our notes.
From a scalability perspective, there's a lot more that can be done, but there was mempool improvements, unconfirmed chain limits was removed and I think there was some delays in transaction relay that was addressed too.
There has been improvements to extensibility and script: we should have native introspection, multiplication and 64-bit integers after the May 2022 upgrade. Work has been put down to re-evaluate safe script limits, but unclear when/if it will be complete.
I love how you can watch the history of literal wars ticking in while a node is syncing.
Every time I'm watching a node sync, I get to relive all the history of #Bitcoin, #BitcoinCash, #BSV and #eCash.
Lemme give you a glimpse.
Every time I'm watching a node sync, I get to relive all the history of #Bitcoin, #BitcoinCash, #BSV and #eCash.
Lemme give you a glimpse.
Here's the Bitcoin Cash hard fork in August 2017. You can see how initially blocks are super spaced out.
Due to the higher difficulty, there were only a few benevolent miners.
Later, it's able to process many more blocks, as BCH had much less usage.
Bitcoin Cash was born.
Due to the higher difficulty, there were only a few benevolent miners.
Later, it's able to process many more blocks, as BCH had much less usage.
Bitcoin Cash was born.
Here's the "stresstest" the camp that much later became BSV did in October of the same year. It takes much longer to process blocks as they're filled up to the max.
Back then, the maximum block size was just 8 MB, so my node still only takes a few seconds for each block.
Back then, the maximum block size was just 8 MB, so my node still only takes a few seconds for each block.
YESSSS!! This is truth!
Anyone who actually knows The Satoshi Collective's vision realizes that #BitcoinCash $BCH is much much closer to The Satoshi Vision than $BTC as of 2021 is...
We need unlimited-sized blocks, high memory reqs (to thwart ASICs), reset block rewards...
Anyone who actually knows The Satoshi Collective's vision realizes that #BitcoinCash $BCH is much much closer to The Satoshi Vision than $BTC as of 2021 is...
We need unlimited-sized blocks, high memory reqs (to thwart ASICs), reset block rewards...
Since $BCH only has 1 of those, there's room for a fork or two!
Also, requiring 64+ GB of RAM to mine a block would democratize mining fast. I already made a high-memory fork of #Bitcoin in 2019 that requires 128 GB haha. Never published. PoC
Also, requiring 64+ GB of RAM to mine a block would democratize mining fast. I already made a high-memory fork of #Bitcoin in 2019 that requires 128 GB haha. Never published. PoC
I substituted Proof of Work for randomness of high memory floating point precision in HUGE 128-bit numbers, trillions of them.
I really need to write a whitepaper and launch a fork of $BCH with it in it... Solve the environmental footprint problem, swapipng electricity for RAM.
I really need to write a whitepaper and launch a fork of $BCH with it in it... Solve the environmental footprint problem, swapipng electricity for RAM.
Wanted to make a post for the (cow)boys ^_^.
UNLESS YOU WANT TO GAMBLE STAY TF OUT!
That said, here's some credible info for once.
Here are top 10 Alt coins (Iota = "control")
The pattern reveals all....
$ETH $USDT $XRP $LINK $BCH $LTC $BNB $ADA $EOS #Fintwit $BTC #Bitcoin
UNLESS YOU WANT TO GAMBLE STAY TF OUT!
That said, here's some credible info for once.
Here are top 10 Alt coins (Iota = "control")
The pattern reveals all....
$ETH $USDT $XRP $LINK $BCH $LTC $BNB $ADA $EOS #Fintwit $BTC #Bitcoin
My thoughts on the current Bitcoin Cash Bch dispute @Bitcoin_ABC @bitcoincashnode #BitcoinCash #Bch #IFP #commucurrency #Bitcoin
I have made plenty of comments on both reddit (u/UpstairsAdagio) and twitter about the current situation.
I feel it would be helpful to layout my full perspective here so as to leave no doubt about my intentions behind those posted comments
I feel it would be helpful to layout my full perspective here so as to leave no doubt about my intentions behind those posted comments
On the whole I am not entirely convinced that this IFP is a great idea.
I haven’t seen too much conversation about the current version (for reasons to be dealt with later) and the sell isn’t entirely welcoming
I haven’t seen too much conversation about the current version (for reasons to be dealt with later) and the sell isn’t entirely welcoming
This is a fractal with a May 2019 re-accumulation range.
I believe the chart is self-explanatory
This is one of the highest probabilities you can get in trading when everything is lined-up in confluence. HTF, LTF & Cycles.
#Bitcoin #Bcash #BitcoinCash #BCH
I believe the chart is self-explanatory
This is one of the highest probabilities you can get in trading when everything is lined-up in confluence. HTF, LTF & Cycles.
#Bitcoin #Bcash #BitcoinCash #BCH
Looking at the Green H4 cluster itself, we can see they are identical as well.
Those who have not skipped MS teachings should also be able to see behind the curtain
Buying opportunity should come around apx around Sunday-Monday on a pullback of HL
#BCH #BitcoinCash #Bcash
Those who have not skipped MS teachings should also be able to see behind the curtain
Buying opportunity should come around apx around Sunday-Monday on a pullback of HL
#BCH #BitcoinCash #Bcash
If you find this fractal valuable please like & share so others can take advantage of it all alike. Thank you!
Another place where #bitcoin tends to show up in litigation is in divorce, when married couples divvy up assets. In DeSouza v. DeSouza, a spouse was held to violate his fiduciary duty to his spouse by concealing #bitcoin. /1
Here, the divorcing spouse had some #bitcoin tied up in #MtGox and some held on private wallets. One spouse did not disclose the holdings until after the divorce, and the other spouse immediately sought an award of 1/2 and attorney's fees. Court agreed, noting that divorcing /2
Spouses owe statutory fiduciary duties, & failure to disclose the existence of the #bitcoin, payments to Mt. Gox, some bitcoin's ties to #MtGox & the forks of #bitcoincash and #bitcoingold amounted to breaches of duty; Court disagreed that capital appreciation mitigated /3
A thread:
Non-monetary inputs are an important indicator of actual usage on a blockchain. #Litecoin's NMO% is 2% or lower. Many times 0%.
This chart below shows #LTC is 99% used for monetary trx's.
Others use it for sending weather, info, etc.
Know what you are investing in.
Non-monetary inputs are an important indicator of actual usage on a blockchain. #Litecoin's NMO% is 2% or lower. Many times 0%.
This chart below shows #LTC is 99% used for monetary trx's.
Others use it for sending weather, info, etc.
Know what you are investing in.
