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March 4, 2021 20:35:16
ignorereports:
(mod:
BitcoinIsTehFuture
)
Lightning comedy hour1) /u/supersoeak is spamming /r/btc telling us how good Lightning is here: [Try the lightning network before you knock it](https://www.reddit.com/r/btc/comments/lxkmpd/try_the_lightning_network_before_you_knock_it/) 2) I ask him to prove it by sending me a small tip. He asks me to create an LN invoice so I do. He fails to send me a small tip and says it doesn't seem to work: [doesent seem to work.](https://www.reddit.com/r/btc/comments/lxkmpd/try_the_lightning_network_before_you_knock_it/gpoby32/?context=3) 3) Now he's asking /r/lightningnetwork why his transaction failed here, apparently when he tried to tip me he got an error "No route found" which of course he didn't tell me: [ No route found with current fee setting](https://www.reddit.com/r/lightningnetwork/comments/lxqgiy/no_route_found_with_current_fee_setting/) 4) A user in /r/lightningnetwork is telling him to increase his Lightning fee here: [Increase your fee limit? The error is rather self explanatory.](https://www.reddit.com/r/lightningnetwork/comments/lxqgiy/no_route_found_with_current_fee_setting/gpoiob5/) 5) /u/supersoeak says [I dont wanna pay 0.3% of the transaction in fees](https://www.reddit.com/r/lightningnetwork/comments/lxqgiy/no_route_found_with_current_fee_setting/gpoiuf5/) and leaves it at that. **Moral of the story:** - Lightning is a failure for large transactions and small transactions alike. - /u/supersoeak was advertising Lightning as "don't knock it until you try it" and turns out he never tried to use it.
February 26, 2021 00:21:48
ignorereports:
(mod:
1MightBeAPenguin
)
Note: This FAQ was originally posted [here](https://www.reddit.com/r/btc/comments/9lfjrb/frequently_asked_questions_and_information_thread/) but was removed when [one of our moderators was falsely suspended](https://www.reddit.com/r/btc/comments/jp0a0k/bitcoinxio_has_been_suspended/) by those wishing to do this sub-reddit harm.
February 7, 2021 21:56:01
ignorereports:
(mod:
BitcoinIsTehFuture
)
This is why almost everyone says 1MB Bitcoin is great.
February 7, 2021 21:51:01
ignorereports:
(mod:
BitcoinIsTehFuture
)
So we've hijacked BTC, made it harmless and pumped the price. Because a true decentralised currency like Bitcoin Cash would be the end of us.
February 7, 2021 21:44:11
ignorereports:
(mod:
Bitcoinopoly
)
So we've hijacked BTC, made it harmless and pumped the price. Because a true decentralised currency like Bitcoin Cash would be the end of us.
February 7, 2021 13:05:28
ignorereports:
(mod:
Bitcoinopoly
)
Welcome newbies, here's a bit of Bitcoin BTC and Bitcoin Cash BCH history, do you know why BCH exists?BTC is now digital gold, store of value, new asset class, and that's fine! It wasn't always like this, though... it was supposed to be more than just that. Did you know how easy it was to send BTC around before 2015? The fees were only a few cents so it was viable for tipping people on Reddit, paying for coffee and competing with the likes of VISA! It was advertised as "magic internet money", and magic internet money it was! Scan a QR code, click send, and look at your friend's face as it shows up instantly on his phone! Amazing! It took banks years to achieve that UX with their centralized payment systems. We had it, back in the day. There was a problem, though. Transactions were rate limited, and this was fine when the community was small as this limit was never reached. Think of transactions as seats on a bus. If the bus is half-empty, there's no competition for the tickets. Well, now that it's full, everyone is jumping over each other to get in, and the ticket price goes up. This led to a technical debate that lasted for years. The creator (Satoshi Nakamoto) meant to remove this limit one day but he disappeared, and the folks left in charge disagreed about how to continue. Some folks wanted to keep the same bus, some folks wanted to make a bigger bus, or a train of buses if you will. Here's what I mean, visualized: [https://txstreet.com/v/bch-btc](https://txstreet.com/v/bch-btc). The small bus side argued against making buses larger as less bus makers could afford to build the new design, but they ignored that the ticket prices would prevent millions from riding the bus. Big bus side argued that anyone can try to build a bus but we shouldn't limit those who're good at it just so everyone can particiapte in bus making. We want everyone to **ride the bus**, not to be bus makers. Competing bus makers will always be free to join, but will have to up their game to current state of bus making, so - let buses be as big as people can make them, the free market will optimize the size and price of ticket. Maybe the bus analogy doesn't hold well here, e-mail is better. E-mail is decentralized, permissionless, uncensorable and cheap for the user but it wouldn't be if you artificially limited the capacity of e-mail servers so anyone can be in the e-mail server business. No ordinary user runs an e-mail server to use the e-mail system, but as users we can freely choose which server to use, and we can freely raise capital and start an e-mail provider business if we want to. End result: the big bus team split off. Both blockchains up till August 2017 are IDENTICAL. Both BTC and BCH are the same till that point. It was like a crypto de-merger. One team got the BTC ticker, "Bitcoin" name and brand, the other got bigger buses and BCH ticker and took the "Bitcoin Cash" name. That's the essence of it. The BCH gang wanted the "Bitcoin" brand too, but small bus gang had too much power to control the narrative so they won that battle. Some folks in BCH still didn't accept that, and it works against BCH really because insisting on "BCH is the real Bitcoin" makes it look like a fraud - which it isn't. BCH can now be used as "magic internet money". BTC can't, not anymore. That should be the selling point IMO. Move past the history of the conflict, it's well documented if anyone cares to look but you can't move forwards if you're looking backwards. That's the gist of it. I'm not going to talk about price or whatever, this is just an intro. Anyone interested can do his own DD and dig out the details. PS BCH successfully ejected a known fraud Craig Wright from the community, and later essentially FIRED lead developers (Amaury Sechet, Bitcoin ABC now) when they lost the way. What other community did something like that? BCH is the honey badger. PPS Of all alts, r/bitcoin hates BCH the most, you'll get shot down for even mentioning it r/btc was where the big bus gang gathered before BCH was forked off. Some talk too much about Blockstream, big money coopting Bitcoin, whine about r/bitcoin censorship etc. but that's not important and makes them sound like conspiracy theorists. It's not doing BCH any favors, but people are people, and on r/btc they're free to talk about whatever they want. I hope the focus will shift more towards cool stuff in the future! Learn from r/ethereum community, they're builders! BCH is magic internet money, that's what matters. Dig deeper, see what's been built and what's being built with BCH. Deep fucking value! Edits: [original](https://paste.mozilla.org/8aPzPkv1) [1st edit](https://paste.mozilla.org/mnuZcvN8) [2nd edit](https://www.reddit.com/r/btc/comments/lblx4p/welcome_newbies_heres_a_bit_of_bitcoin_btc_and/)
February 4, 2021 23:33:57
ignorereports:
(mod:
Bitcoinopoly
)
Welcome newbies, here's a bit of Bitcoin BTC and Bitcoin Cash BCH history, do you know why BCH exists?BTC is now digital gold, store of value, new asset class, and that's fine! It wasn't always like this, though... it was supposed to be more than just that. Did you know how easy it was to send BTC around before 2015? The fees were only a few cents so it was viable for tipping people on Reddit, paying for coffee and competing with the likes of VISA! It was advertised as "magic internet money", and magic internet money it was! Scan a QR code, click send, and look at your friend's face as it shows up instantly on his phone! Amazing! It took banks years to achieve that UX with their centralized payment systems. We had it, back in the day. There was a problem, though. Transactions were rate limited, and this was fine when the community was small as this limit was never reached. Think of transactions as seats on a bus. If the bus is half-empty, there's no competition for the tickets. Well, now that it's full, everyone is jumping over each other to get in, and the ticket price goes up. This led to a technical debate that lasted for years. The creator (Satoshi Nakamoto) meant to remove this limit one day but he disappeared, and the folks left in charge disagreed about how to continue. Some folks wanted to keep the same bus, some folks wanted to make a bigger bus, or a train of buses if you will. Here's what I mean, visualized: [https://txstreet.com/v/bch-btc](https://txstreet.com/v/bch-btc). The small bus side argued against making buses larger as less bus makers could afford to build the new design, but they ignored that the ticket prices would prevent millions from riding the bus. Big bus side argued that anyone can try to build a bus but we shouldn't limit those who're good at it just so everyone can particiapte in bus making. We want everyone to **ride the bus**, not to be bus makers. Competing bus makers will always be free to join, but will have to up their game to current state of bus making, so - let buses be as big as people can make them, the free market will optimize the size and price of ticket. Maybe the bus analogy doesn't hold well here, e-mail is better. E-mail is decentralized, permissionless, uncensorable and cheap for the user but it wouldn't be if you artificially limited the capacity of e-mail servers so anyone can be in the e-mail server business. No ordinary user runs an e-mail server to use the e-mail system, but as users we can freely choose which server to use, and we can freely raise capital and start an e-mail provider business if we want to. End result: the big bus team split off. Both blockchains up till August 2017 are IDENTICAL. Both BTC and BCH are the same till that point. It was like a crypto de-merger. One team got the BTC ticker, "Bitcoin" name and brand, the other got bigger buses and BCH ticker and took the "Bitcoin Cash" name. That's the essence of it. The BCH gang wanted the "Bitcoin" brand too, but small bus gang had too much power to control the narrative so they won that battle. Some folks in BCH still didn't accept that, and it works against BCH really because insisting on "BCH is the real Bitcoin" makes it look like a fraud - which it isn't. BCH can now be used as "magic internet money". BTC can't, not anymore. That should be the selling point IMO. Move past the history of the conflict, it's well documented if anyone cares to look but you can't move forwards if you're looking backwards. That's the gist of it. I'm not going to talk about price or whatever, this is just an intro. Anyone interested can do his own DD and dig out the details. PS BCH successfully ejected a known fraud Craig Wright from the community, and later essentially FIRED lead developers (Amaury Sechet, Bitcoin ABC now) when they lost the way. What other community did something like that? BCH is the honey badger. PPS Of all alts, r/bitcoin hates BCH the most, you'll get shot down for even mentioning it r/btc was where the big bus gang gathered before BCH was forked off. Some talk too much about Blockstream, big money coopting Bitcoin, whine about r/bitcoin censorship etc. but that's not important and makes them sound like conspiracy theorists. It's not doing BCH any favors, but people are people, and on r/btc they're free to talk about whatever they want. I hope the focus will shift more towards cool stuff in the future! Learn from r/ethereum community, they're builders! BCH is magic internet money, that's what matters. Dig deeper, see what's been built and what's being built with BCH. Deep fucking value! Edits: [original](https://paste.mozilla.org/8aPzPkv1) [1st edit](https://paste.mozilla.org/mnuZcvN8) [2nd edit](https://www.reddit.com/r/btc/comments/lblx4p/welcome_newbies_heres_a_bit_of_bitcoin_btc_and/)
February 4, 2021 04:50:18
ignorereports:
(mod:
Bitcoinopoly
)
r/wallstreetbets is getting r/bitcoin'd
January 31, 2021 23:10:34
ignorereports:
(mod:
Bitcoinopoly
)
Just a reminder that Detoken is absolutely amazing!
January 20, 2021 11:17:53
ignorereports:
(mod:
MemoryDealers
)
Donald Trump just cemented himself as an absolutely pathetic swamp frog that just makes a lot of noise and hot air. NOTHING ELSE! No pardon for........ Julian Assange Edward Snowden Ross Ulbricht Reality Winner
January 18, 2021 02:15:48
ignorereports:
(mod:
Bitcoinopoly
)
Flipstarter for Atilis Gym Patriots That Defied State OrdersAfter reading about the [unjust treatment of Atilis gym and seizure of their funds by government thugs](https://www.foxnews.com/us/atilis-gym-ian-smith-co-owner-new-jersey-legal-defense-fund), we decided to do something about it. We're raising funds for Atilis. Rather than fiat money that can be seized by unaccountable tyrants, we're talking about non-confiscatable Bitcoin Cash. We're hoping [this fundraiser](https://atilisfundraiser.com) will serve a dual purpose. First, to help the brave heroes at Atilis who are standing up against unconstitutional and unscientific lockdowns, and second to spread awareness about cryptocurrency. It's time for people everywhere to drop the banks and take control of their own money. 100% of funds raised will be donated to Atilis. Please, consider contributing to the flipstarter at [atilisfundraiser.com](https://atilisfundraiser.com). And please, retweet u/memorydealers OP on twitter: [https://twitter.com/rogerkver/status/1350907535340011530](https://twitter.com/rogerkver/status/1350907535340011530) ![video](rca50k5eoyb61)
January 6, 2021 22:33:43
ignorereports:
(mod:
BitcoinIsTehFuture
)
It’s funny because it is true.
January 6, 2021 22:33:43
ignorereports:
(mod:
BitcoinIsTehFuture
)
It’s funny because it is true.
January 5, 2021 09:39:07
ignorereports:
(mod:
MemoryDealers
)
Why BCH matters: When Govs block donations to children... there’s a problem!
December 22, 2020 12:23:58
ignorereports:
(mod:
MemoryDealers
)
Seems risky... Just use a BCH friendly exchange like [exchange.blockchain.com](https://exchange.blockchain.com) or [Coinex.com](https://Coinex.com)
December 9, 2020 12:55:29
ignorereports:
(mod:
MemoryDealers
)
Youtube increases censorship: "YouTube bans videos claiming 2020 presidential election fraud"
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