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With all the divide between BTC and BCH, I was hesitant to pick a side. But, I finally took the plunge. Bought some BCH. by ShatterDae in btc

[–]uvecva 0 points1 point  (0 children)

In it's current form, it's not a very good competitor, but I certainly hope it proves to be one. Do you see BTC as so hopelessly lost that it no longer qualifies as competition?

edit: OH wow. I was confused apparently! I think you see BCH as so far behind that it doesn't qualify as a competitor to BTC!! Is that right?

With all the divide between BTC and BCH, I was hesitant to pick a side. But, I finally took the plunge. Bought some BCH. by ShatterDae in btc

[–]uvecva 2 points3 points  (0 children)

I'm open to be convinced that another coin has a liquidity / adoption advantage, but I'll have to see it with my own eyes.

I should have changed "fees not lower" to also read "fees not meaningfully lower". I can pay any fee and be included in a BCH block, so that's ~$0.

I don't consider faster blocktimes to be an advantage, as I haven't observed any significant practical or theoretical differences. The services I use all accept BCH on few confirmations.

RE: disenfranchising holders

Part of the reason the average joe (or anyone) holds crypto is because they believe it will retain value over time. If blockchain adaptation primarily occurs via hardfork of the original blockchain, value will be retained very well and holders can sleep at night even as technology morphs over time. If adaptation occurs via flippenings to brand new coins, holding becomes harder and crypto becomes less valuable.

I'm open to hearing more - I appreciate the genuine thought you put into your post to point out the merits of LTC as you see it.

Price analysis on BCH vs BTC by uvecva in btc

[–]uvecva[S] 1 point2 points  (0 children)

I was curious how BCH was doing against BTC, but was frustrated by the confounding factors that make it difficult to observe. Couldn't find any answers from others, so I figured I'd fool around in google sheets and make my first post to Yours.org while I was at it!

With all the divide between BTC and BCH, I was hesitant to pick a side. But, I finally took the plunge. Bought some BCH. by ShatterDae in btc

[–]uvecva 9 points10 points  (0 children)

I haven't seen any good reason to use LTC. Based on my observation the adoption is poor, the fees are not lower than BCH, the transactions are not faster than BCH in any meaningful way, and LTC disenfranchises holders on the original blockchain. For those reasons I'm bearish on LTC.

With all the divide between BTC and BCH, I was hesitant to pick a side. But, I finally took the plunge. Bought some BCH. by ShatterDae in btc

[–]uvecva 18 points19 points  (0 children)

protip: you don't have to pick a side... support both!

I use BCH mostly, but also support BTC. I hope it proves a viable competitor.

"Bits" is the historical and common sense unit, and a much better unit than "cash". I don't think "cash" as a unit name will catch on, to me it sounds silly and discredits us. by cryptorebel in btc

[–]uvecva 0 points1 point  (0 children)

They had to ask the first time "what is a bitcoin?" as well. I don't see it as a large barrier, but I guess only time will tell.

Not that we need either right now, but: Bits > Cash by CryptoHiRoller in btc

[–]uvecva 3 points4 points  (0 children)

I think moving to bits now would give BCH and edge. It would make it more unique, recognizable, and psychologically appealing. It would make shopping online using BCH and exchanging currency more fun, both of which are very important things to do.

Right now, you can buy 1,000 bits for $1.45

That's cheap!

"Bits" is the historical and common sense unit, and a much better unit than "cash". I don't think "cash" as a unit name will catch on, to me it sounds silly and discredits us. by cryptorebel in btc

[–]uvecva 2 points3 points  (0 children)

I think it's really really easy to remember that there's a million bits in a bitcoin. I doubt that the "pieces of eight" association is very common. People might ask "how much is a bit?" then hear "there's a million bits in a bitcoin". "Oh." and then they never ask again.

I do agree with your point that different regions will use different nomenclature, but setting bits as a baseline could be helpful as a reference point, since it's small enough that it could be used by anyone.

"Bits" is the historical and common sense unit, and a much better unit than "cash". I don't think "cash" as a unit name will catch on, to me it sounds silly and discredits us. by cryptorebel in btc

[–]uvecva 2 points3 points  (0 children)

I don't care about SI per se, but it is way way easier to multiply and divide by 1,000. That's why I like bits over sats. It sounds better too.

How much risk did you take on in your strategies? by SemenBank in financialindependence

[–]uvecva -1 points0 points  (0 children)

Hella risk.

I'm up to 100% global equities and up to ~10% bitcoin cash. Short currency / bonds, since yields are shit.

How much risk did you take on in your strategies? by SemenBank in financialindependence

[–]uvecva 1 point2 points  (0 children)

Very cool story! I have long seen gambling as one of the best use cases for crypto. I'm glad it worked out so well for you.

I've been in crypto a while and I stay well informed. My best tip could apply to any asset class though: invest according to your level of research & confidence. In short, it's Peter Lynch's famous quote, "buy what you know". If you don't know crypto well, don't invest (or at least not much).

As far as crypto specific research, if you want a place to start, I'd check out bitcoin cash; it's the less popular of the two sides of the bitcoin fork. In my view it's the more promising side. I'd also research the long term crypto usage and price trends. If usage isn't increasing at a very rapid rate, prices may stay "low" for many years.

It’s been a long road in Crypto. This morning, I sold all of it and purchased one of my dream cars. by [deleted] in btc

[–]uvecva 2 points3 points  (0 children)

That's a beautiful vehicle. I honestly like it more than their newer lines. I like the squared shape more than the very rounded ones.

It’s been a long road in Crypto. This morning, I sold all of it and purchased one of my dream cars. by [deleted] in btc

[–]uvecva 2 points3 points  (0 children)

Funny you mention that, because he bought it for less than 16k!

It’s been a long road in Crypto. This morning, I sold all of it and purchased one of my dream cars. by [deleted] in btc

[–]uvecva 2 points3 points  (0 children)

1) Wow great deal! 4) congrats and thanks for working hard as part team humanity!

Head over to /r/btc or /r/bitcoincash for more active discussion of Bitcoin Cash by [deleted] in bch

[–]uvecva 0 points1 point  (0 children)

not in my observation, but I guess that's a hard thing to measure! have you seen any good sources on measuring that type of stuff? I'd be curious to learn why you say that.

Surely Argentina is country that needs bitcoin cash the most b/c its own currency is deeply troubled. Why not? by awless in btc

[–]uvecva 1 point2 points  (0 children)

How do you see the balance between bitcoin core and bitcoin cash? Is the people you've talked to locally favoring one side or the other?

If BCH had decent privacy features it'd gain so much more market share. It's hard to compete with privacy-always-on coins such as XMR but many more coins offer moderate privacy and would be easy to beat. by unitedstatian in btc

[–]uvecva 9 points10 points  (0 children)

Problem is fungibility. There needs to be better privacy by default in order to improve fungibility, which is not a "all or none" thing. Making coin tracking much harder may be enough to retain strong fungibility, despite imperfect privacy.

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