Base layer privacy is really a bad idea. You are betting the whole chain on one encryption scheme, if there is a flaw the network can be destroyed.
BitcoinCash takes a different approach, it is building a sophisticated VM where any encryption scheme can be deployed. So we will be able to have Monero and ZCash plus anything else running on BCH simultaneously. THis is the future of privacy on Bitcoin.
Yes, on BitcoinCash. You can use CashFusion which will make your coins pretty much anonymous. This cannot be done on BTC because it is a inferior implementation of bitcoin. - https://bitcoiniscash.org/bitcoin-cash-privacy/
Cryptocurrencies are a new type of currency, there is no tax on currency.
Sounds novel. To gain any significant adoption it would need a proper install package where users do not need to run scrips or compile anything to use it, Just a simple flatpak or appimage. This is where BasicSwap failed, 99.9% of people could never even install it. It would also need the ability to run only using remote nodes.
Make sure to include support for BCH, it is growing in popularity fast as the real Bitcoin.
It is still available through other instances that were federated with it
It lives on through the power of decentralization https://realbitcoin.cash/c/monero@monero.town
BitcoinCash is already capable of everything his new fork intends to do, he can just develop there. This looks like a free money grab.
Great, we need to slowly explain to the FOSS community that BCH is FOSM. 😉
Insightful write-up. Honestly I am pretty excited about LLM assisted coding especially when it comes to BCH based apps. It will accelerate development dramatically. Take BCHNoster for example, the app has been out for like a two months and it already is feature rich. In the past it would take years to develop something like this.
looks like it is down, never tried it myself, figured it would be OK for those trying to get some BCH without buying
Indeed. ParyonUSD is doing pretty good.
This is as bad as it gets. Feel sorry for those who had trades open and got drained. 😢
BCH has CashFusion which makes it extremely difficult to trace, almost as good as Monero. You get the best of both worlds, great privacy and a audit-able ledger, which sound money requires. (https://bitcoiniscash.org/bitcoin-cash-privacy/)
Monero loses out to BCH because it does not scale and has bad UX. The last stress test showed Monero fails @ 700k TX per day. With problems starting ~300-500k from my experience. (https://realbitcoin.cash/post/51283)
A large spam attack can take down Monero, also if it ever reached high TX volume the fees would be just as high as BTC. Monero Avg. TX fee is 0.00027 XMR ($0.1), Avg. BCH TX fee is 0.000017 BCH ($0.0064). Monero is too expensive to transact on mass, it is a niche coin for extreme privacy.
Monero also has no scripting ability, it can barely do proper multisig. BCH is a much better solution and will dominate going forward. Monero was a good experiment but has no potential for mass adoption.
Thanks for the endorsment. Would be great to see projects run their own instance, it is pretty simple, low maintenance, and easily integrates with the rest of the lemmy universe. Plus drastically increases decentralization. 👍
The whole thing is very disappointing. The guy could easily launch his drivechains project on BCH but instead he starts his own fork from scratch. More profit potential in a new fork I suppose and is likely too proud to buy the BCH back he dumped back in 2017.
The bast and most peaceful way for fiat to die is a slow slide into irrelevancy.
Hope to see $10m TVL on PUSD in a year.
they must have did it for fun or by mistake 😅
Biggest mistake I see is people not seeing that BTC has no future. Development has been captured and is headed in the wrong direction. Slow and unreliable transactions are a major hindrance to adoption.
BTC and BCH are the only relevant forks of the original Bitcoin, and BCH will dominate over the long term due to its superior development and upgrade model.
BitcoinCash upgrade history - https://minisatoshi.cash/upgrade-history
I am buying up BitcoinCash as much as possible every time there is a dip. Once people realize BCH is the real Bitcoin things will get crazy.
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