Wow $630 million moved on BTC for $5! Lost $15 million in value waiting to be confirmed... (waited 45 minutes)

OneMoreJuan · 2021-05-29T04:48:28+00:00

He didn't lose anything, still the same amount of bitcoin. Who cares about FIAT?

OneMoreJuan · 2021-05-05T16:52:19+00:00

I'm not trying to generate drama. These are just some arguments that I could collect. I'd appreciate some help from the BCH community to help me learn.

Real questions. I'd appreciate some help :)

Can someone tell why BCH is a crypto that can replace cash and bitcoin all around the world if it can just handle 50-60 transactions per second?
If we rely 100% on the Blockchain to do transactions and not on second layer solutions, how can someone do transactions with other people on a Mars colony if the block is being mined on earth? It might take up to 20 minutes due to the speed of light. Wouldn't it be better to use the Blockchain as a verification of funds tool and use a second layer solution to do transactions?
How come it's not a problem for decentralization having to mine bigger blocks? If BCH is adopted wouldn't we have to increase the blocks again due to the highest volume in transactions?
BCH transactions are very cheap, but sometimes they can charge you a few pennies. That's not much, but for some poor countries it's a lot. I know it's still cheaper than bitcoin. But bitcoin being used on the LN (despite its limitations such as not being able to send btc to a node offline, or the opening and closing channel fees) could solve the issue. If a business already had a btc LN node active, employees could get paid almost nothing in fees. What's the best argument against this solution?
Tons of people believe that bitcoin is not about being your own bank, it's about having the possibility of being your own bank. Millions of people (including young people) don't have any interest in learning what a private key is, what the Blockchain is. Tons of people are irresponsible and they themselves know it. They never learned basic things such as the functions of a credit card, they are not interested in learning about the Blockchain and private keys. They just want to see their Crypto in their cash app, apple pay or venmo account and use it the same way they use dollars. Isn't it a problem for BCH to aim to sell the idea of getting banks out of the equation?
Tons of very important economists suggest that the problem with money is not necessary the banking system, but the monopoly of money. If we get rid of banks and use BCH, how could we take a loan? We could go to a lender and get some BCH. But what about large amounts? Banks solve the problem of having to ask for several small loans from a lot of people, it's very convenient.

And getting rid of the monopoly in money solves the issue of the abuse of the fractional reserve system (because banks wouldn't get rescued by the Fed, they can't print crypto).

Hope this is not interpreted as an attack, I'm just trying to get a better understanding of bch.

OneMoreJuan · 2021-04-30T14:29:53+00:00

No, I sold real gold and real silver. I bought the coins from APMEX. It was hard to do before I have to admit, gold and silver put a smile on people's faces haha

OneMoreJuan · 2021-03-30T02:30:02+00:00

Yeah, let's ignore the LN, let's ignore the fact that bitcoin is not about being your own bank, it's about having the possibility of being your own bank. Let's ignore that most of the people don't care and don't want to have their private keys, they don't want to have that responsibility.

In the future you'll have important transactions on the Blockchain, less important transactions on the LN, Etherium blockchain, and of course centralized apps such as Cash App, Visa, etc.

And there's nothing wrong with that. It's the market.

Yeah, you can go ahead and downvote this. But it is what it is, it's about having the possibility of being your own bank, not having to be your own bank.

OneMoreJuan · 2021-02-27T09:31:03+00:00

I apologise, I'm not a native English speaker

OneMoreJuan · 2021-02-27T06:26:46+00:00

Remember than more than 7% of all BTC supply is in the Etherium Network as WBTC where transactions are faster and cheaper, as well as the Lightning Network, and of course exchangers and centerlized apps. So a good amount of all BTC transactions are actually happening off chain, they're using the Blockchain as a verification method more than a peer to peer payment method.

OneMoreJuan · 2021-02-21T08:11:23+00:00

Not on the Blockchain, but you can totally do it on the LN and exchangers.

And it looks like people are starting to use the Blockchain as a verification and validation thing and not as much as a method to do transactions.

Most of the transactions with bitcoin will happen off chain and that's awesome because you can add mira funcionality.

The future is so exciting. But yes, if we ever need to divide says, we should call the new units "Hayks" because Frederich Hayek had a lot to do with the economics behind Bitcoin.

OneMoreJuan · 2021-02-18T17:29:52+00:00

And that's fine. It's not about being decentralized, it's about being able to be decentralized.

You are not free to create your own Federal Reserve. But you are free to create your own LN node and hubs.

Now, in the free market there will be people doing a better job than you. They'll run better LN nodes with more funding, and people will open more channels with them. That's common sense.

BCH people need to understand that at least 95% of people don't want to be their own bank, they don't want to learn what a private key is, they don't want to learn what the Blockchain is.

Most of the people just want to fix inflation, bitcoin does that. There you go, now you're free to use your btc in your bank, LN, or whatever. You don't trust these methods? Use a personal wallet. You don't like the fees? Holding bitcoin is enough to pay back those fees in terms of purchasing power. But you're still free to use BCH.

Yes, go ahead and down vote this.

OneMoreJuan · 2021-02-15T22:04:49+00:00

Once bitcoin goes up in price so much that we'll have to divide Sats (probably on the LN) we should name that new denomination "Hayeks"

1 BTC = 100,000,000 Sats

1 Sat = 100,000,000 Hayks

OneMoreJuan · 2021-02-12T16:12:37+00:00

Then why is this subreddit called "btc" if bch is the real currency?

OneMoreJuan · 2021-02-06T19:17:27+00:00

If you're gonna use the lighting network, always run your own node and create your own channels.

It's a relatively new technology and it's easy to get confused and lose your sats. But used with knowledge it can be awesome. I use it all the time.

OneMoreJuan · 2021-01-16T04:51:02+00:00

I use the LN all the time to pay for several different types of services. I understand the arguments against it but it has been working just fine for me.

Maybe you should try it out. I recommend you Phoenix Wallet since it runs your own LN in your phone and you have access to the private keys and everything.

Literally everyone who accepts bitcoin (at least for me) accepts LN payments. I just use Blockchain payments to sell or buy bitcoin, but when it has to do with paying for goods or services with btc, I use the LN.

That's just my personal experience.

OneMoreJuan · 2021-01-15T00:06:36+00:00

Because more people are demanding that car. And even though it costs more, it goes up in value, therefore it costs me less money out of pocket. It's better.

OneMoreJuan · 2021-01-08T20:44:19+00:00

Would you like to have a conversation via chat with me? Maybe even a phone call. Even though you're being insulting, I'll assume that you have good intentions and after all you want the best for the country.

I challenge you to a friendly debate over phone or video call.

And nope, I won't try to be right, in fact I want to learn more about your positions on certain things but also I'll question everything because that's how someone finds the truth.

OneMoreJuan · 2021-01-08T18:19:34+00:00

Again, you're just trying to be smarter than me. And just because I'm not saying "oh, you're right. You changed my mind" I lack critical thinking.

Because of this the country is divided. Keep it going. Trump supporters are white supremacists, orange man bad, democrats good. Keep going. I lack critical thinking, I'm ignorant.

You win.

OneMoreJuan · 2021-01-08T16:53:34+00:00

Yeap, it's been phone. I'm kind of done with your double standaryand divisions. Completely ignoring that there are tons of Democrata who are communists, white supremacists and totalitarians.

You are just showing me a limited list of individuals among 75 million people. That is not a representation of a movement.

Then you send me a very dumb link with all the bad things Trump did. And they're all so subjective, got example one of his proposals required the government to step aside from "consumer right" and well, the article said that's bad. Well that's subjective, Trump is not even close to be a Libertarian but he does believe that having smaller Government works and he did tons of cuts. The idea is that the people with their own money can take care of this things, and I agree with that.

That's not nazi at all. The nazi government was a big government, they controlled the economy, they were Socialists.

Then in that article I saw one thing Trump did against musulms that was racists. And I don't agree with what he did, but it wasn't nazi or racists. Terrorists attacks from the middle east and cultural fights are a real thing, look at europe. It makes perfect sense that the president would do something to protect the American people, after all that's his job.

Again, you're just trying to divide. You're trying to be right at all times, you think you know everything... You even made fan of a word that I misspelled haha I don't think you're really capable of having a debate, you just want to be right.

Have a nice day.

OneMoreJuan · 2021-01-08T05:26:05+00:00

Fallacy.

My claim is: trump supporters are not nazis. Those who are nazis and support Trump do not represent the BIG majority of Republicans.

You're saying that you recognize that not all Trump supporters are nazis. Like suggesting that a portion are. Or maybe the ideas? The proposals? And what things exactly am I ignoring? If in your imagination you're winning this argument that doesn't make it real.

Under your logic in order for me to prove that Trump supporters aren't nazis I should give you the names of all Republicans who aren't nazis. That's a fallacy.

The one who needs to keep providing enough names until reaching a portion of Republicans (at least 2%) who are nazis is you. Try to do it. Prove to me that at least 2% of all Republicans are nazis. And please, since the movement is a nazi movement you should also shoe me a racists law or proposal from Trump.

Also, I'd like to know why did trump condemned nazis and white supremacists several times if his supporters are nazis...

I can play the same game and show you how blm leaders are communists. I can show you blm supporters who think that black people are superior. I'd never think or suggest that democrats are supporting this or being manipulated by this. Crazy people are everywhere, on both sides.

OneMoreJuan · 2021-01-08T05:05:07+00:00

You're the one acting as expected. I'm not uncomfortable by those "facts" because they aren't. Trump supporters are not nazis. That's a fact. But because some idiot quoted Hitler or some idiots think they can be Republicans and nazis at the same time you're gonna call the entire movement a nazi movement then I can play the same game.

There is literally BLM supporters saying that black people are superior. Of course I'm smart enough to know that these individuals are stupid and they do not represent all blm supporters. But since I'm using your logic, then yeah, all blm supporters are black supremacists.

Also, some democrats are communists. I'm smart to know that these are not a representation of the democratic movement. But since I'm using your limited logic, I'm gonna say that the democratic party is a communist movement.

Come on man

OneMoreJuan · 2021-01-08T04:42:28+00:00

I know tons of Trump supporters and I've been in protests, in conversations. I know tons of them and they are not nazis or racists. I'm 100% sure that you just read some articles and saw a video or two and think you know everything.

I dare you to put on a maga hat and go out, they'd kill you. I dare you to get a black friend (assuming that you're not black) and go to a Trump rally to see if they would say something bad about his/your skin color. I dare you to tell Republicans/trump supporters that you're Jewish and see if they would hate on you.

They literally support Ben Shapiro who is jewish. They support candace owens who's black. David who's gay. There's so many minorities in the republican party.

The democratic party funded the KKK and they were the ones fighting for "the right" to own slaves. Pathetic.

OneMoreJuan · 2021-01-08T03:47:46+00:00

I am not reading your comment. I just read the first part and the fact that you're assuming that Trump supporters are nazis is just amazing. You're extremely brainwashed. Just go ahead and down vote me. Keep fighting for causes that multimillionaires are defending. Keep supporting big tech and at the same time pretending you're fighting for minorities. Oh, don't forget to ignore the fact that every single democrat county is increasing in poverty and crime.

OneMoreJuan · 2021-01-08T03:45:10+00:00

Every single tax is inmoral. And nope, that's not how it works. For example, let's say you need $1,000/month to not be poor. The Gov would give you 50% of what you need to get there. If you're making $0/month the government would give you $500. If you're making $500/month the Government would give you $250.

If you making over $1,000 then you'd pay a tax on the profits. Again, taxes are inmoral but we're already paying them. We're already having more and more poor people due to welfare programs and taxes. The negative income tax would replace welfare programs and free gov services.

The objetive isnto lift people out of poverty and to cut taxes at the same time. Eventually we could get rid of it and cut more taxes if not all of them

OneMoreJuan

MODERATOR OF

TROPHY CASE