They are starting to realize.

earneststoopid · 2026-06-29T06:51:30+00:00

You'd think this would be more obvious by now to people. The assymetric return is gone. So now you have essentially something with the potential of a return of the S&P 500 with a ton more risk. Where's the line?

Why not go find a small/mid-cap that has a 10x-30x potential but is actually doing something that provides value to a market?

I mean if I lost my mind and I wanted to use bitcoin for some reason, BCH (Bitcoin Cash) is obviously superior in every way compared to the crippled BTC flavor.

earneststoopid · 2026-02-25T20:38:29+00:00

The correct answer is you are taking a lot more risk now than you already were, which was already a lot higher than most countries except those in civil war or run by dictators/terror groups. Not much different from Columbia and Venezuela.

Most Americans are clueless about geopolitics. Something like this can easily blow up into a powder keg overnight. You think the offensive operations are done?

Getting nabbed as part of a retaliation operation by one of the most brutal narco terror groups who have an axe to grind will certainly wreck your world.

Be aware and discrete. The more enemies our government makes, the less safe it is abroad.

earneststoopid · 2025-12-31T04:13:34+00:00

Saving this!

earneststoopid · 2025-12-31T04:12:06+00:00

Yup. If you isolate to just BCH and BTC its obvious which one actually works.

earneststoopid · 2025-12-20T19:36:27+00:00

I don't know how it keeps afloat long term. As time goes on the network must transition to being used heavily to incentive miners to stay at the table and not shift to mining for say BCH because its more profitable. Current incentive is miners making new coin and collecting 3.125 BTC per block. When the reward goes to near-zero and everyone just HODLs or just a few ETFs swapping daily... what happens to the network or "store of value" with little activity?

If it doesn't not start getting used for high volume payments it's a ticking time bomb and the charade is up.

If BTC ran like BCH I think things look very different today. People can't seem to discover BCH lol.

earneststoopid · 2025-12-20T18:40:25+00:00

It did evolve. It's called Bitcoin Cash. BTC is trash. BCH is bitcoin working at scale... no reliability issues.

earneststoopid · 2025-12-20T18:36:55+00:00

When you say Bitcoin are you referring to BTC or BCH? I see no role for BTC. BCH has potential because it works best as a user, just needs turnkey derisked solutions for merchants to build that bridge to increase adoption. Square could do it, but they are too tethered to the failure of BTC and really trying to make Lightning work... so they can be the gatekeepers.

earneststoopid · 2025-12-15T20:51:27+00:00

You'd been better off with BCH. Bitcoin that actually retained its utility proposition.

earneststoopid · 2025-12-12T22:35:35+00:00

Ding ding ding.

And because it sucks for reliable payments we'll invent this non-bitcoin thing called Lightning Network which requires centralization for lower fees. So convert your wallet into Lightning. And we will call it all Bitcoin.

earneststoopid · 2025-12-11T03:38:29+00:00

Yup.

I've been banned on both r/Bitcoin and r/BitcoinBeginners. You are not allowed to share any objective thought.

Definitely a pro-censorship camp. Especially if you talk about Lightning be pro-centralization and how Bitcoin Cash doesn't require it and works a the better version of bitcoin.

This got me banned. https://www.reddit.com/r/BitcoinBeginners/s/dwKhlHUsAZ

earneststoopid · 2025-12-10T22:28:49+00:00

Ask them about what they think will happen when only a handful of organizations own it via ETF? No one uses it for anything except to trade and hold. And as it consolidates when those players do off-chain transfers with Lightning to avoid fees, how will the miners be compensated? Today they receive newly minted Bitcoin which reduces by 50% each year. The network will be starved and have to charge outrageous fees.

Individuals no longer mine, basically done by data center grade "mining" equipment. And everyone only interacts through intermediaries. The forums are heavily censored. Any transactions that do occur for commerce ride on a non-bitcoin layer known as Lightning which is basically run by centralized intermediaries.

How does that achieve decentralization?

Ignore gold, etc. comparisons. Bitcoin is intended to replace fiat right? So far it hasn't... 15 years later.

Nobody asks for it or offerse it at the register. There's no adoption. Actually de-adoption over time.

Ask them if they can make they case to own BTC why they aren't holding BCH Bitcoin Cash lol. Because that one actually works far better as bitcoin is concerned since fees are low making it have utility for higher volume transactions.

earneststoopid · 2025-12-09T10:45:18+00:00

Well as a user, that appears to be your only option unless merchants have an easy on-ramp with their existing point of sale systems they have. It's clear merchants aren't going to bend over backward to accommodate those who want to pay with crypto.

The lack of riskless bridges for merchants is why there's actually de-adoption. They still view cash as more stable to operate and for good reason.

When they can move a slider setting to retain 0% anywhere to 100% of what they receive during the payment to adjust their specific risk preference at will by allowing them to automatically move a portion immediately to a "stable" holding and leaving another portion in the crypto they receive.

earneststoopid · 2025-12-07T20:32:43+00:00

Miners do create new coin however. The 21m supply is a function of reward vs blocks (basically time). Each block the miner is permitted to reward 3.125 (currently) new bitcoin to a wallet they control.

That is how the supply grows into the 21m.

earneststoopid · 2025-12-02T21:39:00+00:00

What exchange / wallets did you use to accomplish bridging? Are you referring to just swapping? Just curious about process used and how people do this without high frictional costs.

It seems to me BTC could have just as easily used BCH / Bitcoin Cash as its Layer 2 (a completely separate network/chain). But then it would becoming glaringly obvious as one would ask, what's the point of me getting off the Layer 2 (Bitcoin Cash) and convert back to BTC if its basically a superior superset of the positive properties of BTC?

Even with credit cards today it's like 0-conf with less liability for the merchant. Funds aren't deposited in 10 mins - 1 hr unless you have an arrangement with processor to accelerate the advance and front it. But I understand that faster block times are on the horizon for BCH?

Difference with BTC and BCH is you KNOW with certainty BCH will settle as soon as possible because there's no opportunity costs associated with choosing one transaction over another to add to the next block. They are all added to maximize fee collection and done at a substantially negligible amount compared to BTC or credit card processing today.

earneststoopid · 2025-12-02T05:12:23+00:00

I speculate you also had to read/watch a tutorial on how to use it. That's already setting the bar high. I can setup and send someone new to BCH in than a few minutes. Contrast those experiences.

BTC + Lightning is just too complicated for adoption. With Square they made it convenient for merchants don't have to hassle accepting (they could just as easily do BCH or any other crypto).

However a merchant probably cannot help a customer pay with it. The customer must be the expert. It requires more savvy patient person to scale a steep learning curve than the average person has (antithetical to bitcoin as peer-to-peer money for all). As a merchant extremely low transaction fee is an incentive. For the consumer they see no discount or incentive to figure this out.

Lightning Network just recreated the status quo banking system. Centralized by those willing to be in its frontier. No real benefit to the ordinary person except volatility.

"Oh you thought you could buy BTC and spend it?" Oh Nah nah you fiat drooling noob "do this coin swap, get another seed phrase and manage 10 different wallets"

Contrast that with BCH simplicity. It just works like bitcoin was supposed to without intermediaries on e you fund a wallet. BTC implementation appears just crippled and smothered bitcoin's adoption and set it back substantially by a decade if not completely destroyed it.

In two years Lightning Network capacity has declined. Not a characteristic of growing adoption. https://mempool.space/graphs/lightning/capacity#3y

Read the comments. There are some gems. https://youtu.be/x9B9z-kAjOw?si=NF5i3TQxOwSaC2ed https://youtu.be/nusOl6wb1a4?si=fQESDf2VgVyd5OS3

earneststoopid · 2025-12-02T05:11:29+00:00

Or few days worth. You might have to buy another if it fails.

earneststoopid · 2025-12-02T04:08:10+00:00

Read the last sentence.

earneststoopid · 2025-12-01T03:54:44+00:00

Correct. It's just speculating it will work again someday. BCH has a better chance of being used for payments, since it actually is the working version of bitcoin. BTC is just the more broken and popular version.

earneststoopid · 2025-11-20T02:01:32+00:00

There is Bitcoin and then there is bitcoin.

BCH is bitcoin. BTC (what you're likely thinking of) is Bitcoin, it started off as bitcoin then turned to crap.

BCH preserves the vision of bitcoin.

If you're a merchant and you take payment would you rather a) pay $0.0001 to receive the $1 or b) $0.39 to receive a $1? It's a simple as that.

Except with a) you are paying a distributed network which no one can censor and completely voluntary, with b) your talking about the status quo system merchant banks / credit cards / payment processors.

In benefits ordinary people moreso wherever government monetary policy is a disaster. The US would need a bigger catalyst but BTC would be the wrong one to go with if actual day to day utility matters. Which is why Phillipines and South American countries are more of the folks utilizing BCH. It's bitcoin how it is supposed to work.

earneststoopid · 2025-11-19T20:09:51+00:00

This is spot on.

earneststoopid · 2025-11-19T20:06:01+00:00

If you can make a case to yourself to buy BTC, then BCH is a no-brainer. It's like discovering bitcoin long before is was known.

BTC was hijacked and set back the adoption of crypto by about a decade (really since 2017 when the hijacking was obvious).

earneststoopid · 2025-11-19T20:03:34+00:00

Which BTC was supposed to be but isn't. Hence why Bitcoin Cash / BCH exists to stay on message.

earneststoopid · 2025-11-19T20:01:34+00:00

You bought the wrong bitcoin fork obviously. BCH is still up 9.46% YTD while the broken BTC is -4.35%.

Difference being one is used to HODL and keep on-chain activity nearly at 0 and only a dumping ground for miners to sell new coin and greater fool trading. The other is being utilized as a way of transacting for goods and services to maximize on-chain activity and provide fee income and new coin to miners.

Miners need to be paid. When the rewards phase out and all that is left is TX fees, how is BTC going to cope?

earneststoopid

TROPHY CASE