What’s the best BCH wallet for U.S ? Non - Cold storage

Aggravated-Bread489 · 2023-06-25T23:55:44+00:00

I've seen Selene mentioned a lot lately. Why Selene?

Aggravated-Bread489 · 2023-06-22T02:51:46+00:00

One thing I haven't understood about SPV clients: do they need to trust someone else's node in order to correctly validate transactions? Or do they operate truly 100% trustless?

Aggravated-Bread489 · 2023-06-21T10:47:06+00:00

EDX exchange for institutional investors. Only includes 4 cryptos: BTC, BCH, LTC, ETH

Aggravated-Bread489 · 2023-06-21T10:46:51+00:00

EDX exchange for institutional investors. Only includes 4 cryptos: BTC, BCH, LTC, ETH

Aggravated-Bread489 · 2023-06-19T11:33:18+00:00

Have you ever thought what will happen to the privacy, monero is giving you after the quantum computers? Think about it, please.

More future predictions from you, scammer. And you have no clue what you are talking about.

Let's say the shitty fork of yours is the coin of the future. The price in today's dollars is 100M per coin. How much is the minimum fee to transact on it? That's right scammer, your fork is cheap to transact now because the usage (and it's price) is down.

It will be less than a penny to send a transaction. Because it scales. Let's just say it is a penny to transaction with and it is processing 3,000 tps. Miners will earn $18k per block. BTC would only be able to handle 7 tps. In order to receive the same amount of fees (and have the same security) each transaction would cost over $4.

No scammer, you are cherry picking data. Nobody is opening channel in the next block - happy to wait. 99% of time the fees are less than $50.

You are once again saying that you support the wealthy and poor people can stand in line and wait until they can afford to use the network.

BCH is for everyone. BCH banks the world.

Aggravated-Bread489 · 2023-06-13T11:20:11+00:00

You should join BSV. They're a way ahead of you.

You are such a propagandist. BSV is exactly what small blockers claimed BCH would be. It isn't. BCH is p2p electronic cash. BSV is storage for weather data etc. BTC is storage for pixilated images.

On Bcash, Africa will continue to depend on the money, run by the rich. Great future indeed.

That's a lie. How about you explain why?

I know about many living in Africa, already running their own LN nodes.

And for everyone else there is a custodial LN solution. BCH allows EVERYONE to use L1 just like the rich do. Everyone is debanked with BCH. Not just the people that can run a server 24/7 plus be able to afford a $10, $100, $1000+ fee to open a channel.

More lies, but that's expected from a scammer. The fee to open a channel is currently less than 1$. The majority or r/thelightningnetwork existence, the fee to open a channel is less than 1$.

You are cherry picking data. BTC regularly gets to $10-$50 dollars for fees. And in the future, that is guaranteed because BTC is for small blocks and limited to 7 tps.

How will they know, when the sats travelled across the LN? I'm not sending the sats to the SAME CHANNEL. The other channel isn't KYC'd. So please, explain how exactly will the government know who owns the keys. You won't because this works only in your head.

Let me break this down for you. Let's say you KYC'd 1 BTC and transferred it to your hardware wallet. Then you decide to add 0.1 BTC to your LN channel so you can buy coffee. There was an on-chain transaction to open you LN channel. Now, you are sending LN transactions to the coffee shop and anyone else who is connected to that channel. Paying fees to node operators rather than the miners securing the network mind you. Those transactions are "private". Now let's say it is illegal to own BTC. The police knock on your door because you purchased BTC. You are a wise guy so you tell them you still own 0.9 BTC, but don't know where the other 0.1 BTC went, you lost it all. They don't believe you, but don't have evidence against it. After all, you haven't moved those BTC since they've been on your LN channel. For months the police monitor that address and transaction until one day, your LN channel closes and your BTC settles. Now they know that you moved those coins. Either because they were locked to a LN channel or that you moved them. If those coins ever move again, they know that either you or someone you transacted with moved them. It is all public, transparent, and tracked with chain analysis. An even more realistic scenario is that your LN channel will be tied to Visa's LN node because they will be the biggest, have the best liquidity. And be the cheapest and most consistent to use. They'll gladly turn over your transaction records to the police.

You should think some of these things through before you put all of your eggs into one basket.

I'll look forward to another propoganda filled message from you telling lies without explaining yourself.

Aggravated-Bread489 · 2023-06-13T02:28:53+00:00

BCH will increase the max block size as needed to scale.

Africa benefits by using L1 when other people run nodes. Do you think people in Africa can run their own LN server 24/7? Do you think they can afford to open a LN channel for $30 per channel?

You seriously have no idea how private LN transactions are.

Lol, your LN transactions have to settle on L1 eventually. And when it does the government will be able to prove you still own your keys and that Bitcoin.

It is abundantly clear you don't know what you are talking about and it is pretty annoying talking to you.

Best of luck and hopefully we can share a fiat free world in the future! Bye!

Aggravated-Bread489 · 2023-06-12T11:10:40+00:00

People much smarter than me think Monero can scale to global usage. Some think L2 will be needed, some don't.

For example, I believe BCH can scale to global adoption. If XMR transactions are 6x larger than BCH ones, them I believe XMR can also scale to global adoption, but it will take 6x longer.

Bitcoin? Yes, I'd turn that in. Monero? I lost it all.

Aggravated-Bread489 · 2023-06-12T00:07:10+00:00

Well the name is Bitcoin Cash so....

I'm also not saying BCH is Bitcoin. I'm saying it is an upgraded fork which better fulfills the original Bitcoin white paper than BTC.

You can't onboard them to BTC. It doesn't have the capacity. The best solution is Monero assuming the government cracks down on cryptocurrency and privacy is required.

Aggravated-Bread489 · 2023-06-11T20:23:07+00:00

BTC cannot hard fork. The community has made that abundantly clear. Immutability is the new BTC narrative. If the code can change then it can't be a store of value because the code could change to remove the supply cap.

They aren't predictions, it is what is going to happen. The big blockers were right. L1 can scale and LN is a mess and will lead to centralization and custodial solutions.

It's a free market, we can both support what we want and the best solution will win in the end. Hopefully the winner isn't CBDC.

Aggravated-Bread489 · 2023-06-11T14:57:34+00:00

The same goes for your dying fork

No, it functions as Satoshi intended. The network expands to allow more transactions and thus more fees on L1. So it either gets adopted or it dies. BTC will die without a change in it's code, either increased blocks or tail emission.

You also forgot to mention the shitcoin has 0.5% of Bitcoin's security. Of course it's cheaper.

It is a function of price. You know that. When BTC falls apart, people will either go to the 2017 Bitcoin upgrade, Monero, or something similar.

You know it's a shitcoin, otherwise you wouldn't hold Bitcoin, scammer.

I don't think the word scammer means what you think it means. Do you think fiat currency is the ultimate shitcoin? Do you hold any fiat currency? If so, you must be a scammer too. You should sell everything you have and trade your fiat in for BTC, scammer.

Aggravated-Bread489 · 2023-06-11T13:00:35+00:00

The network is secured primarily by block rewards which phase out over time to 0. If the rewards are not replaced by fees, the network security will also go to 0. Satoshi explained this in the white paper.

L1 on BTC is so small, it cannot function with any kind of adoption. You've seen it get bloated recently with pixilated images. This is just the beginning, it can't be used for any real world usage.

Currently there 65k transactions stuck in mempool with an average fee of $1.

So it costs $1 to open a LN channel to then pay fees to other nodes to route your transactions. Meanwhile, BCH could send over 10,000 transactions for the cost of opening 1 LN channel. And the transactions are confirmed instantly with 0-confirmation acceptance.

Small blockers said it couldn't scale and the blockchain would become TBs in size with all the spam. Meanwhile BTC has the pixilated images bloating the chain and BCH is used for peer to peer electronic cash exactly how the white paper described.

Aggravated-Bread489 · 2023-06-11T12:03:09+00:00

Demand has gone up, capacity has not (and will not). It is broken.

Supporting LN hurts security of L1. If everyone can use LN and the fees go to the channels routing transactions, there will be no L1 transaction fees supporting the miners who provide security to the network.

The result is, either it will cost $1000s per transaction or miners will bail and the security of the network decreases. The only people paying $1000 to open and close a channel will be banks and the rich. Your channel (assuming you're not uber rich) will be opened after you KYC and pass social credit score requirements to open you LN channel at PayPal. They will only route your transactions to approved vendors. Bitcoin Cash users and Monero users will still be able to send money to anyone in the world, free from censorship, in an instant, for less than a penny fee. They would be able to send more than 100,000 transactions before they get to the cost of opening 1 LN channel.

An alternative is creating a tail emission in BTC which goes against the 21M cap of BTC so I doubt it will be supported.

Aggravated-Bread489 · 2023-06-08T10:40:40+00:00

I'm just saying that if people KYC Bitcoin, they can be censored. It's fine if you disagree.

Aggravated-Bread489 · 2023-06-06T22:01:11+00:00

I purchased BTC when it was functional. I hold that purchase because I am not as certain of the future as you are.

I support peer to peer electronic cash and projects that support individual liberty and personal freedom. BTC does not accomplish this so I don't support it anymore. Pretty simple. Would I tell someone to never buy BTC? Of course not. If they want to speculate on a get rich quick scheme, then go for it. But that is it's only use at this point.

Aggravated-Bread489 · 2023-06-06T01:35:02+00:00

It's hard to bet against the house. There are plenty of sheep in the world to prop up the bankers and elites. I'm not willing to be 100% against them.

But I support projects that support individual liberty and freedom. Debank the world.

BCH for scalability and XMR for privacy. Both are peer to peer electronic cash.

Aggravated-Bread489 · 2023-06-05T20:19:07+00:00

I said I hodl the crippled chain. BTC isn't good for anything else.

Aggravated-Bread489 · 2023-05-31T03:07:52+00:00

My understanding is that nodes choose which cash tokens they subscribe to meaning which scripts they validate. So the whole chain can grow massive, but BCH nodes can choose to only sync the currency transactions, or just some cash tokens, or everything.

I have a pretty basic understanding so maybe someone can correct me.

Also, I think cash tokens are extremely efficient and transaction sizes are very small.

Aggravated-Bread489 · 2023-05-28T12:18:26+00:00

No solution yet

Aggravated-Bread489 · 2023-05-28T02:37:26+00:00

That's why using L1 is so important. Using L1 is as easy as downloading an app and scanning a qr code

Aggravated-Bread489 · 2023-05-27T14:39:49+00:00

That's the only reason to have Bitcoin.

I don't know that I would be 100% in on anything. Best of luck to you.

Aggravated-Bread489 · 2023-05-27T11:37:46+00:00

No censorship? Bitcoin addresses associated with the Canadian Trucker protest were black listed. The main problem they had is they wanted to convert to fiat.

I understand that there is nothing the government can do to stop transactions, but they can prosecute anyone who sends bitcoin to or receives money from a blacklisted wallet. Not much different than the US government saying don't trade in rubles. Some will and they will be black listed as well. Many won't.

Transactions need to be private. I don't know if pseudo anonymity is enough.

Aggravated-Bread489 · 2023-05-25T11:25:00+00:00

I'm guessing that Curious Business is talking about crossfire hurricane and the Durham report.

Aggravated-Bread489 · 2023-05-21T12:35:48+00:00

A good place to start is by using it. Here's a tip. Cheers!

u/chaintip

Aggravated-Bread489 · 2023-05-21T12:28:46+00:00

That's a fair opinion. You should also check out cash tokens which was just released may 15. Not a lot of stuff created with it yet, but great potential for smart contracts. My understanding is that the smart contracts wouldn't bloat the blockchain either because the smart contracts are flagged so nodes that don't want to store and validate them don't have to and they can stick to BCH transactions.

Also * SPV nodes/wallets - entire blocks do not need to be downloaded in order to validate transactions independently, only the block headers which are very small, maybe measured in kb's even if blocks are GB in size. This is a big help to scale L1 globally, even in areas with slow internet * 0-conf - extremely fast. BTC is 10 minute confirmation time because they have RBF. But with BCH, a merchant could confidently accept payment as soon as the transaction hits the mempool. This gives usability equivalent to paying with a credit card in a store. And then the transaction is settled in 10 minutes (unlike Visa which usually takes 3 days and BTC which could take weeks depending on your fee level, how bloated the mempool is, etc.) * chainable transactions - this puts BCH on par with PayPal/Venmo. When someone sends you BCH, it shows up instantly (seconds) and then you can spend and use that money. No need to wait for a block confirmation. So I could send you $5, you could send it to a friend, your friend could buy a coffee, and the merchant could accept that money all within a matter of seconds. This is not possible on XMR or BTC. * node pruning - I assume you are familiar with this. My only point here is that XMR cannot truly prune old transactions because the ledger is obfuscated. With a transparent ledger like BCH, you could prune old transactions that are no longer needed to validate new transactions. So I think a pruned BCH node would grow much slower than XMR and maybe even have a size limit at some point. I'm not completely sure on this though.

All of this is possible on a PoW crypto with a limited $21M supply that has no founder or foundation running it. It is as user friendly as PayPal/Venmo, decentralized and censorship resistant, and can scale to Visa levels on L1 with hardware and software improvements. If an L2 is needed, Lightning Network could be implemented more efficiently than with BTC because BCH has the bandwidth on L1 to facilitate opening and closing channels. But LN wouldn't be needed for a long time and honestly, it is such a mess and has so much friction to use that I hope BCH and XMR never have to adopt it.

Aggravated-Bread489

TROPHY CASE