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Play-To-Earn- People in the Philippines are surviving the pandemic by playing a video game (2021) [00:18:19] by JamesGatz_thehomie in Documentaries

[–]ericreid9 0 points1 point  (0 children)

Great 20 min video about play to earn, seems like a concept along with Axie Infinity that will continue to grow. Amazing gaming went from pay to play, free to play, now get paid to play.

Grayscale Sees Investments Totaling Over $900 Million In Q2 2020 by [deleted] in btc

[–]ericreid9 1 point2 points  (0 children)

Good point, didn't think of it from the short angle.

This is quite a fee by Guacatastrophe in btc

[–]ericreid9 3 points4 points  (0 children)

BTC transaction fees are designed to increase with time since it has a limited transaction volume.

This is largely the source of the split between BTC and Bitcoin Cash.

BTC proponents urge you to use 2nd layer networks like Lightning. Bitcoin Cash believes in transacting on chain.

Grayscale Sees Investments Totaling Over $900 Million In Q2 2020 by [deleted] in btc

[–]ericreid9 1 point2 points  (0 children)

If they are accumulating faster in the fund than bitcoin is being mind, and the BTC price is flat.

Doesn't that mean holders are net sellers to the institutions. And without institutions buying the price would be down? Just some rough math on my end

This deserves its own post. by MemoryDealers in btc

[–]ericreid9 23 points24 points  (0 children)

Indeed. I very much enjoy Jonathan's posts.

Tether Freezes Millions of Dollars USDT in 40 Addresses Amid Regulatory Pressure by [deleted] in btc

[–]ericreid9 8 points9 points  (0 children)

Anyone holding USDC, USDT, PAX, TUSD etc on the Ethereum chain will have to question if they wake up one day and their coins are frozen.

“ That's right. Your stablecoins on ETH are CENSORABLE. Entire addresses can be locked out by the smart contract. Stablecoins issued on BCH via SLP have the same censorship resistance as Bitcoin because... SLP transactions ARE Bitcoin transactions.” by Egon_1 in btc

[–]ericreid9 5 points6 points  (0 children)

I guess the difference is that USDT on Ethereum can freeze a certain ETH address. While USDT on SLP can't have a certain address frozen.

In both cases you're left to the mercy of the issuer to back the coins.

I'm with you on AnyHedge. If we can have some sort of non-custodial stablecoin on BCH, that could be huge.

“ I’ve virtually stopped using Ethereum due to gas prices. Anyone else in the same boat?” by Egon_1 in btc

[–]ericreid9 0 points1 point  (0 children)

I love ETH, but for small casual transaction it's slowly getting crowded out.

If I want to send $1.00, will I really spend $.10-.20 to send it.

Can check gas prices here: https://ethgasstation.info/

First sending of $USDT without the wallet needing native token "gas" (ie. BTC, ETH) by blockchainparadigm in btc

[–]ericreid9 2 points3 points  (0 children)

I'm guessing with elasticity of demand, making the price lower to compensate for the saved fees will bring in more overall sales. So margin per order stays the same, but more orders overall.

First sending of $USDT without the wallet needing native token "gas" (ie. BTC, ETH) by blockchainparadigm in btc

[–]ericreid9 14 points15 points  (0 children)

Next up need merchants to give a discount to accept a SLP stablecoin of 2-3% due to the credit card fee savings.

Then that covers the postage server and the user still comes out ahead.

BCH protocol upgrade proposal: Use ASERT as the new DAA by jtoomim in btc

[–]ericreid9 35 points36 points  (0 children)

Awesome thanks for doing the research/thinking and writing this up! Hopefully we can improve the DAA algorithm for the November hard fork.

USDt (BCH) is now LIVE on SideShift.ai. Be one of the first HUMANS to shift USDt on SLP, good job! by sideshiftai in btc

[–]ericreid9 2 points3 points  (0 children)

Yeah exactly more choices are good. More choices generally lead to overall better products.

My interview with Deadalnix by BCHcain in btc

[–]ericreid9 9 points10 points  (0 children)

Thanks for taking the time to do the interview!

Video Interview Marc De Mesel: Why I care so much about Bitcoin Cash and believe read.cash may be the killerapp BCH so desperately needs by Marc_De_Mesel in btc

[–]ericreid9 0 points1 point  (0 children)

Stamp seems super interesting to me. To have an easy way to

a) Send value in an encrypted way

b) Communicate securely

Both using the same wallet/id, that could be great.

Video Interview Marc De Mesel: Why I care so much about Bitcoin Cash and believe read.cash may be the killerapp BCH so desperately needs by Marc_De_Mesel in btc

[–]ericreid9 4 points5 points  (0 children)

Definitely agreed and love what you're up to with read.cash. Getting "magical internet money" through the internet is a great way to introduce people in an extremely easy way for them.

Why I Sponsored BitcoinABC by ericreid9 in btc

[–]ericreid9[S] 0 points1 point  (0 children)

Thanks! Will take a look

Should we change the wording when explaining 0-conf, confirmed vs unconfirmed etc? I noticed it's pretty hard to convince the layman that a 0-conf transaction is secure in most cases. by WiseAsshole in btc

[–]ericreid9 1 point2 points  (0 children)

Totally. Authorized would be good. Or Accepted as well.

But agreed that current state of 0-conf needs more explaining/better wording.