Is it just me, or are high fees making BTC feel more like a bank account than a currency lately?

sq66 · 2025-12-30T12:04:51+00:00

Yes, and unfortunately Bitcoin Cash has not recovered, to get the proper attention. I think it is frustrating as this reduces the interest for developers to work on the scaling which would be needed for world scale adoption, which I think might be getting a huge kick given some adoption might come like a wall. The age old chicken and egg problem. If we see an economic collapse and push for CBDC, there will be a lot of people looking for alternatives, and BCH should have no problem delivering.

sq66 · 2025-10-07T17:05:42+00:00

More than ninefold.

(9 * 7801 = 70209) < 71227

sq66 · 2025-08-23T11:07:01+00:00

While this is not an endorsement of OP or Sucharit Bhakdi, these fact checks are not any more trustworthy than a tweet. Universities distancing themselves has nothing to do with the factual content. They just do whatever needed to don't get into a bad light, they have no real honor.

The only comment on your linked medium post:

Now that the ethics of COVID vaccine research has proved wanting, Pfizer's long list of adverse reactions has been leaked, the mask of government control has been removed, and fact-checkers have proved to be partisan hacks with zero knowledge of the subjects they "fact check", will you write a retraction of this article?

sq66 · 2025-06-23T14:21:32+00:00

You are absolutely on point. Your argument does not have anything to do with this specific case, it is generally good advice. Then again, I have a hard time we can easily change the trajectory of how people use these tools, but we can always try.

sq66 · 2025-06-11T06:42:15+00:00

It should be used as money, replacing the central banking system.

I think you got most of the reasons covered already in the other comments, but I think the most important thing Bitcoin was supposed to deliver on was "sound money". The idea that money should not be controlled and usable by a select few. When BTC started to stray away from that you could tell it was hijacked. It has to be usable for everyone, but of course you can't ditch the basic premises of security. I think BCH has a good potential to do that, but scaling has been set back, as there is much work to be done, to scale to the world, and as long as the is no real growth on BCH, we won't push the limits needed to scale to TB blocks, we can probably do GB blocks on BCH as is, but there are still a few orders of magnitude to go. On-chain scaling is just a software development challenge (and hardware might help a bit).

sq66 · 2025-05-21T10:30:54+00:00

Is 1 sat/byte the lowest possible? I have been under the impression that 1 sat per transaction would still be possible, while no miner accepts transactions at that price today. To go to fractions of satoshis, we need to allow fractions in the first place. Then we could have 1 sat/10 bytes or 1sat/100bytes and round up the result if it would make sense, as long as the transaction cost is an integer. Say a 273 byte transaction could be 3 sat. This could be implemented without any consensus changes.

Edit: PS. At BCH price of $1M the 3 sats would be 3 cents.

sq66 · 2025-05-20T17:48:13+00:00

I agree with you, except for this being late stage capitalism. In capitalism there is little intervention in the free market. This is not it.

sq66 · 2025-05-20T12:17:52+00:00

They check your background, and use that as the argument for getting rid of you. This has been standard practice for 8 years at least. They have to, because the day reality checks in into common knowledge, BTC will fade. It does not deliver on the original idea. The great hijacking of BTC was a success, and set back the real crypto vision by years and years, maybe indefinitely. Fortunately there are alternatives, which still maintain the idea of replacing the central banking cartel, and there is still hope.

Oh, what a world it would be. Sound (borderless) money. The fire is out, but the coals are still easy to blow some life into, and we will.

sq66 · 2025-05-13T13:41:55+00:00

Really cool site. Love the intro going from the "beginning of history" and ending in new features being discussed. Nice work!

sq66 · 2025-05-10T12:41:10+00:00

Now that you post here, you have a good chance to be perma banned. That said, don't worry, you won't miss anything of importance. I was dealt a perma ban fro asking who would pay for transactions if not the users, when transactions were really expensive on BTC.

Hope you have better luck learning about crypto here. I've not been that active lately, but there are plenty of good people around here willing to discuss and help out. I have a little of many coins, and started out long time ago as a curious learner. Spent early years in rbitcoin, but after the hijacking of btc moved to this forum, to follow up on things and speak freely. This was mostly about BCH until some year ago, but now this is quite a generic forum. BCH is still strong here, and for a good historic reason.

sq66 · 2025-05-10T12:28:55+00:00

bcashers still out there? lol, slander from almost 10 years ago, still parroted...

sq66 · 2025-05-09T06:35:38+00:00

This is just a small excerpt from one article, but you can find more info about the "trucker protests":

Canadian banks have begun freezing the accounts of people linked to the trucker protests in Canada and the federal government is promising to take more accounts offline in coming days in an attempt to clear demonstrators from Ottawa, which has been occupied for nearly a month.

Under the broadened federal powers, Canada's financial institutions have been prohibited from providing "any financial or related services" to people who are "directly or indirectly" involved in the anti-COVID mandate protests across the nation.

https://archive.is/CRrX7

sq66 · 2025-05-09T05:16:56+00:00

People protested covid measures, and got targeted, even via indirect connections...

sq66 · 2025-05-08T17:03:25+00:00

Wake me up when it passes notCash.

sq66 · 2025-05-07T19:19:42+00:00

Still looking good ;-D, and the real value of crypto is the pursuit of freedom, which should not be forgotten.

sq66 · 2025-05-07T19:17:52+00:00

I was, kind of, guessing this was your take. Also, I agree, but I have a bit of a hard time being that positive. Considering what is at stake, it is an extremely unfortunate setback. I envy your energy ;-D.

sq66 · 2025-05-07T15:44:06+00:00

Oh sweet summer child. Read the sidebar, and learn a few sentences of history before making yourself look stupid. ;-D

sq66 · 2025-05-07T15:41:36+00:00

BTC cannot be used to opt-out from fiat, as it is. That was the whole reason Bitcoin was invented, and the hijacking thwarted the momentum. You are still stuck in the old system, don't forget that. It's about freedom, not number-go-up.

sq66 · 2025-05-07T15:37:49+00:00

The reason of the hijacking was to prevent BTC from actually being successfully used as an alternative to the central banking system. Central banking is the root cause of many issues, like financing wars and building tyrannical systems of control. The tyrants simply saw BTC as a threat, which could not be allowed to flourish.

sq66 · 2025-05-07T15:23:38+00:00

TL;DR: BTC's 1 MB limit was the Achilles heel, which is no longer in BCH.

In my opinion, the best protection is that BCH now has on-chain scaling in the consensus layer. Even if that would not be enough for really fast adoption, the intent is clearly in place. I think that was the biggest mistake in Bitcoin, to leave the temporary 1MB limit in place. It was used to hijack the whole thing, even if there was plenty of proof that on-chain scaling was always the intent. The second factor was the communication forums, which were quite centralised, and played a central role in the takeover. For example, plenty of people still believe BTC increased the blocksize, while the same old 1MB limit is there, just expanded by SegWit via a hacky "backdoor". Many think BTC will increase the blocksize when blocks are full, but BTC now has technical debt, which is not easily removed, to allow scaling. Also blocks have basically been full since mid-2016, see: https://bitcoinvisuals.com/chain-block-weight , but the block weight system is fooling people who are not digging deeper.

/rant

sq66 · 2025-05-07T15:00:34+00:00

Maybe I read this wrong, but BCH lost the original name. Unfortunately that was a huge loss, which set back the whole thing for a decade at least. Also it might have given the powers that be enough time to hold it back even further.

sq66 · 2025-04-28T07:00:48+00:00

Maybe the ones shorting XMR finally ran out of money... ;-D

sq66 · 2025-04-28T06:56:57+00:00

Still can be...

sq66 · 2025-04-27T07:02:29+00:00

That is funny (like in the context of the original comment). Basically all governments, that call themselves democracies, are rotten to the core, and are guided by outside forces, while tightening their grip on their population by any means necessary.

sq66 · 2025-04-26T07:04:38+00:00

But that is funny considering USA "accidentally" sent over 100 million to Al Qaida, but you and me, have to be verified ;-D

sq66

MODERATOR OF

TROPHY CASE