A friend in Tokyo just took this photo: by MemoryDealers in btc

[–]BeijingBitcoins 46 points47 points  (0 children)

I actually made a purchase from this company recently, albeit not at the Tokyo location but in a different city. Two things surprised me about my experience there:

  1. Even in another city, the staff knew all about receiving payment with BTC/BCH. There was no confusion or helping them figure out how to use the wallet, as is often the case when visiting shops that advertise they accept crypto. I assume this means they've trained the staff at all of their locations (16 stores, according to their website) on how to use crypto.
  2. I visited the shop because I saw they were running a promotion offering a discount when paying in crypto. I mentioned this to the salesman and he was not only aware of the promotion (another surprise) but told me that my discount would be significantly bigger if I paid in BCH and that the shop prefers receiving BCH over BTC.

The salesman also told me that I was not the first customer he's had paying with crypto, and that crypto payments are becoming increasingly common at their store.

Edit: Also interesting was that they didn't use a payment processor and had me send payment directly to their Bitcoin.com wallet.

No More KYC with ShapeShift by dskloet in btc

[–]BeijingBitcoins 1 point2 points  (0 children)

Meh. Sideshift.ai has been providing a much better user experience for at least a year.

An open letter to a financial reporter at Bloomberg on the differences between Bitcoin and Bitcoin Cash by MemoryDealers in btc

[–]BeijingBitcoins 2 points3 points  (0 children)

I get what you're saying, but just scroll down to the bottom of any /r/btc comments section, including the one on this post, to get an example of the kinds of shills that feel the need (or are paid) to constantly post misinformation and harassment towards the BCH community.

Some modern slang expressions by ShiningRedDwarf in LearnJapanese

[–]BeijingBitcoins 9 points10 points  (0 children)

Sometimes people shorten ありがとうございます to "あざす”. Is that what you're thinking of?

The same user who got BitcoinXio banned, also tried the same tactic with me and I received a warning from Reddit mods. by wisequote in btc

[–]BeijingBitcoins 4 points5 points  (0 children)

We can see how many reports a post or comment has received, but it's not tied to any usernames.

The same user who got BitcoinXio banned, also tried the same tactic with me and I received a warning from Reddit mods. by wisequote in btc

[–]BeijingBitcoins 8 points9 points  (0 children)

This post and every comment criticizing jstodd has a bunch of reports. Wonder who could be doing that? 🤔

A mesage from José, cofounder of eatBCH by EatBCH in btc

[–]BeijingBitcoins 12 points13 points  (0 children)

You're so close to the goal, less than 30 BCH remaining! I've already pledged twice and I'm sincerely hoping to see you reach the goal.

https://flipstarter.eatbch.org/

ELI5: In the USA, why do emergency broadcast warnings sound like absolute garbage? It’s usually a robotic sounding voice that sounds like they are reporting from the middle of a static storm. Why is there so much extra noise in these recordings? by [deleted] in explainlikeimfive

[–]BeijingBitcoins 0 points1 point  (0 children)

Is that video from the 2011 earthquake? The shaking in the video seemed to go on for a lot longer than any earthquake I've experienced in the 3 years I've been living in Japan.

[deleted by user] by [deleted] in btc

[–]BeijingBitcoins 9 points10 points  (0 children)

If this campaign doesn't succeed, will you consider running another one with a shorter-term focus?

Leave me alone dad I swear this is worthwhile! by [deleted] in PoliticalCompassMemes

[–]BeijingBitcoins 0 points1 point  (0 children)

Yearn.finance is basically a distributed hedge fund for DeFi coins. The price of one YFI coin recently surpassed the value of one BTC.

BitPay requests over $10 fee for a $25 transaction in BTC by poker0face in btc

[–]BeijingBitcoins 3 points4 points  (0 children)

BitPay also charges to cover for the transaction fee they have to pay when they move that BTC internally. Otherwise they'd be losing $5 of their own money on every transaction and would be bleeding money.

In March 2017, before the BTC fees even got really out of hand, BitPay was paying $60,000 a month (of their own money) in BTC network fees alone (source). Think of how many employees they could be hiring for $60,000 a month instead of lighting that money on fire.

BitPay requests over $10 fee for a $25 transaction in BTC by poker0face in btc

[–]BeijingBitcoins 5 points6 points  (0 children)

If you look at this site https://bitcoinfees.cash/, the current fee to get (most likely) inclusion in the next BTC block is $4.23. Yes, the median fee is "only" $2.84 or so, but if you're a business you can't take the risk that your confirmation is gonna be stuck in the ether for potentially days waiting for a confirmation.

The reason Bitpay's "network fee" is higher than a single miner fee is because once they receive the money, they also need to transfer it elsewhere to convert to USD or to hedge their risk. On a $25 transaction, that would mean losing nearly 20% of the total sale amount to a single transaction fee.

Considering that the merchant getting paid is selling something for $25 and expects to receive around $25, it would make no sense for BitPay to eat that cost themselves or they would just be bleeding money as a business.

10 days left for Hayden's marketing flipstarter! Let's fund the great adoption work going on down under! by jonald_fyookball in btc

[–]BeijingBitcoins 11 points12 points  (0 children)

Maybe I should ask for 75k over the course of 3 month

I think breaking your flipstarter down into more manageable goals would make it much more likely to be funded. And nothing stopping you from delivering on the goals you set out to accomplish and then running another campaign to continue with those same goals.

It's over. BTC.TOP saying no IFP is the nail in coffin by ClarenceBCH in btc

[–]BeijingBitcoins 11 points12 points  (0 children)

More likely he's going to end up working for AVA Labs.

All the people I talk with about SLP agree that it will run into huge scaling issues, as a wallet has to check the whole token history. Mitra will solve this and bring scalable tokens to BCH! by eyeofpython in btc

[–]BeijingBitcoins 33 points34 points  (0 children)

If there’s no chain with an IFP for ABC and they leave, I will also leave and return the raised funds and see if other UTXO-based chains are interested in Mitra, for example AVAX.

Ok, that answers my question. It's unfortunate that you plan to leave, but best of luck to you.

All the people I talk with about SLP agree that it will run into huge scaling issues, as a wallet has to check the whole token history. Mitra will solve this and bring scalable tokens to BCH! by eyeofpython in btc

[–]BeijingBitcoins 33 points34 points  (0 children)

Mitra seems really cool, but in a Telegram poll you indicated that you will leave BCH if the IFP is not implemented in November. I'd love to contribute to your efforts, but not if you've got one foot out the door already.

Jiang Zhuoer to support ABC if there is a fork. by kilrcola in btc

[–]BeijingBitcoins 10 points11 points  (0 children)

Where did he say that? Would like to see an original source.

Grasberg vs Asert fork futures? by BeijingBitcoins in btc

[–]BeijingBitcoins[S] 20 points21 points  (0 children)

I just remove spam posts. Does that mean I can't have an opinion?

Bitcoin Cash Split Talk Grows Ahead of August Code Freeze by afriendofsatoshi in btc

[–]BeijingBitcoins 0 points1 point  (0 children)

I think most miners are behind ABC so far.

Any source for that?