[NOOB] How/Why do you think cryptos (mainly Bitcoin, since largest) will replace normal currency? It is always compared to other currencies in value and while trading, and I've heard that the total Bitcoin in circulation is fixed (20 mil right?) . Isn't that a disadvantage?Money will never increase?
Another disadvantage is the fact that the value of one Bitcoin is so high. Like how do you manage to say 0.00001 BTC every time? Shouldn't currencies be in hundreds, thousands? There should always be something for BTC to be compared to right? A traditional, paper currency? Only then will the value fluctuate and trade happen? You don't have to actually answer them if this question is common on this sub. A previous answer, articles or video is good for me too.
Happy Tipping Tuesday! Now that this sub is the main Bitcoin sub in terms of activity, it's time for everyone to get some Education and some free Bitcoin. Post here and get free bits! Bitcoin Cash will defeat the legacy banking oligarch system!
As someone who cares about Liberty and freedom, I have instinctively understood the importance of Bitcoin for spreading economic freedom across the globe. Being sick of the legacy too-big-to-fail central bank fiat bailout scam systems where they print the money from thin air, I saw Bitcoin as a tool that can really liberate humanity and help us reach our ultimate potential. The fact is economic freedom improves this world, and the stakes are very large. We are fighting an oligarch banking system that prints money out of thin air, holding back humanity's potential with their scam system that only works to enslave and not liberate humanity. In the past people fought for liberty and gave their lives on bloody battlefields. Today we fight troll wars on social media, but the stakes are quite similar, if not multiplied in this new technological age. By supporting Bitcoin and Satoshi's vision of a worldwide honest cash system, its one of the only ways to help lift humanity up to our ultimate limitless potential. The oligarch's saw this threat which is why we are under heavy attacks. They stole Bitcoin and the ticker, and crippled the system with high fees, unreliable transactions, and Trojan horse tech, but Bitcoin Cash adapted, survived, and lives on as the common sense continuation of the money ledger. It turns out that its not so easy to stop an idea whose time has come. Bitcoin Cash is the true Bitcoin that follows Satoshi's vision of common sense and on-chain scaling. BCH is The Manifestation of the Honey Badger. Trolls will point to market cap and say BCH is losing and not the real Bitcoin. However they fail to understand the nature of the war we are fighting. Bitcoin is all about breaking oligarchy, as nChain's paper explains. We are fighting against a banker oligarch takeover of Bitcoin. Since they print money from thin air, they have us outgunned when it comes to market capitalization/price. This is what the trolls do not understand. To think that the oligarch bankers that control the money monopoly would not try to attack the Bitcoin system would be naive. It appears they have pumped the BTC-Core price to outrun Bitcoin Cash the real Bitcoin as soon as their trojan segwit tech was deployed. They likely will use segwit, strangled blocks, and Lightning Network as the strangler fig to usurp the system changing it to fiat legacy banking system 2.0. What they don't want people to realize is that Bitcoin was always the underdog against fiat systems. Just because they usurped the name and BTC ticker for their fiat 2.0 system it does not mean they are winning the war. Its a clever tactic sure, but BCH is still the #1 cryptocurrency by market cap in the world, they have shifted some shells around in trickery, but Bitcoin-BCH is still fighting as the underdog against the oligarchs as it always has. Not only this but the numerous problems in Lightning are acting as a bottleneck for development on Core. All this while BCH development is soaring with things like memo.cash, blockpress.com, cashshuffle protocol, chainbet protocol, SLP token protocol, colored coins, tokeda, and much more. Now that we have solved the scaling issue we can finally build again. All this while numerous services like Dell, Steam, Reddit, Rakuten, Stripe, Circle, Microsoft, Fiverr, Satoshidice, Changetip, Expedia, and many more stopped accepting Bitcoin Core, while Coinbase, Bitpay, coins.ph, satoshidice, tippr, purse.io, dark web all are adding BCH support. They thought they could use censorship to shut us up. But now we are seeing that free speech is more popular than censored cult subreddits. We are battling some powerful oligarch interests. But they have vastly underestimated the spirit of the Honey Badger. There is a reason there is so much COINTELPRO trolling and dirty tricks being done to Bitcoin Cash and its supporters. There is a reason they need to use vote manipulation, shaming and bullying tactics, censorship, and dirty tricks to try to get us to shut our mouths. The truth is they are terrified of Bitcoin Cash and Satoshi's vision, which is why they need to use such tactics. They are doing whatever they can to pen the Honey Badger up in sheer desperation and terror that it will soon break loose ripping them limb from limb and devouring them whole. I would like to mention that the recent turmoil in the BCH community over a November fork with different factions fighting each other is on a lot of people's minds. Some newbs may also be wondering about what is going on. They may be falling into the Fear Uncertainty and Doubt that is being pushed by a lot of Core trolls, as well as some genuine members of the BCH community. I would like to point out that these disputes are actually healthy. We don't want a system where one person or group controls things. We want a system where people are fighting for control. Its an economic incentive system with different factions competing. This is what keeps Bitcoin robust and was the genius of Satoshi's design. We don't need to worry about the troll wars because we have Nakamoto consensus as the whitepaper says:
They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism"
I never realized what kind of people are running the main Bitcoin sub until now
EDIT/UPDATE please ignore typo I typed it out too fast *This is for those that came from the main sub to tell me that I missed the point or didn’t understand the situation: YOU are the one who missed the point. For a post like that to get over 4k upvotes, either the majority of the main sub isn't aware that Bitcoin Cash is a hard ford of Bitcoin or doesn’t understand forking (an exact copy of the original process which created a new process referred to as "child" that’s why BCH inherited the transaction history of Bitcoin). It MUST be called Bitcoin Cash instead of any other made-up names because that's the name of the project... claiming that using the name Bcash is to protect people from buying the wrong coin is ridiculous. It's more like trying to prevent people from finding out that Bitcoin Cash is just a hardfork of Bitcoin to address its fatal scaling weakness. I have been following the mainsub and witnessed people there making memes about Jihan Wu daily for months before the hardfork took place, circlejerking about him trying to control Bitcoin and ruin the whole thing (even though he's a big contributor and has the most to lose if Bitcoin fails) and then all the sudden it's all about Roger Ver since it's so convenient he made a huge mistake once so you can just keep calling him a fraud and pretend Bitcoin Cash is a fraud? Even seeing all the I still sided with Bitcoin Core until very recently, I explained it here: https://www.reddit.com/btc/comments/7k5gkb/i_never_realized_what_kind_of_people_are_running/drbqydh/ My Original Post *I actually had always believed that Bitcoin Core supporters were on the more rational side because of the sheer size its current market cap. This is no longer the case. I just saw a post with over 3k upvotes on the main sub that is supposed to be a parody that makes fun of Bitcoin Cash using a comparison of a newly founded Apple company who steals Apples code and the brand name and claims to be the original Apple. Here is the link: np.reddit.com/Bitcoin/comments/7k13zm/starting_a_new_company_called_apple_unlimited/ It is a horrible comparison because Bitcoin has been an open source project from the beginning and the whole idea is to have a free and decentralized ledger. Bitcoin core does not own any Bitcoin trademark, copy rights, tangible/intangible assets, and certainly not the Bitcoin brand (because all these things are nonexistent if you even have any basic understanding of what Bitcoin is) on top of that claiming that Bitcoin Cash stole Bitcoin code when the whole project is open source just makes it even more ridiculous. Somehow a post that would make whoever posted it look extremely ignorant got over 3k upvotes and the comments are filled with clueless people circlejerking each other. I have just realized that the majority of Bitcoin Core supporters are just people that jumped on the "get-rich-quick train” and have no idea what Bitcoin is and have no clue about the fundamental purpose of any cryptocurrency (probably don't even know what a currency is in general).
I want Core to lose control of the main Bitcoin chain because Core is a group of evil, dictatorial, bank-funded hoodlums with no ethics or honesty. They have single-handedly divided the Bitcoin space, introduced immeasurable toxicity and have prevented growth & innovation in the space for years.
I wish upon Blockstream and Core the same fate I wish the Federal Reserve. That is all.
Can I buy my new bitcoins directly at Lighting Network? Without putting my new coins on the main Bitcoin blockchain?
When creating a LN channel -- 2 persons create a new "LN" address in the main bitcoin blockchain, right? The Blockchain does not see transactions inside the "LN" address, right? Can I get my new coins directly at the new "LN" address from third parties? In theory?
Reminder: Off-chain solutions are not Bitcoin. You only have a true Bitcoin transaction if it is added and verified on the main Bitcoin blockchain. Permissioned side-chains and future Lightning hubs are attempts to centralize and steal away profit from miners who actually secure the network.
The only way to truly scale Bitcoin is to raise, remove or make the maximum blocksize adaptive. There will always be a market-based natural limit to how high blocks will get due to miners fear of losing a block reward. Any off-chain solution isn't a real scaling solution. Period.
[Store] All Keys and items @ 1.75$ per key. 600 Keys, AK CH Scar #661, Inventory. Want mainly Bitcoins (Maybe PayPal)
Hello Guys, I'm planing to Shift from Asia to Canada. I'm in need of real money. Therefore I'm selling my Inventory taking 1.75$ as the key price Accepting BitCoins for now. Will send the item after 3 confirmations. In very rare scenarios, will I accept Paypal (I'll look at your rep, your profile, Any VAC bans, etc)
1.75$ per key
Goes extremely well with CH, Night, UV, Black Pearl, Dopplers
Will Segwit2x Bitcoin Fork will become the main Bitcoin?
As per Newyork Agreement, 80% of the miners and exchanges supported Segwit2x. Later, Few miners and exchanges withdrew their support but still the support is comfortably above 50%. If BTC2x gets 60%+ support, It will only make Legacy Bitcoin payments super expensive and super slow. (Might take days to send coins) As of now, BTC top personalities like Roger ver and Vinny Lingham openly supports Segwit2x and spending millions to make it successful. Coinbase already had said they will show BTC2x forked coin as the main Bitcoin on their exchange and the legacy Bitcoin as BTC1. However, they later changed their tone to say we will go with the one market will support. My Personal Opinion: Bitcoin forks only weaken the Cryptocurrency image and confuse noobs. Many think of forks easy riches for those who fork as Billions are created from Thin air. I believe that forks shouldn't happen and all upgrades should be made to the legacy coin. What does market show: with the current market situation, It looks like Bitcoin2x could be worth as much as the Bitcoin now if they get 60%+ Miner and exchanges support. Legacy Bitcoin might loose value. What everyone should do: People should hold their Bitcoin in the wallet where they own their private key. Because an exchange might not give them BTC2x and just in case BTC2x becomes the main coin, the legacy Bitcoin will tank badly; Therefore, Everyone who own a lot of Bitcoin in hot wallets will be very poor. Please share your opinions in the comments section!
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