@Fexonice1
more from that month
Can you believe this, how did I become a BCH whale just by writing on readcash? The attached image is a screenshot of the block explorer transaction history of my readcash account. Over 464 BCH has come into my account in just one year of writing. This is what is called the UXTO effect in crypto. Half of that money did not even come to my wallet but there it is. The first time I saw it I thought someone has hacked into my account and was taking it out until I found out why it was like that. It's very funny to see all those higher numbers of BCH when in reality you don't even have a tenth of it in your wallet.
3 comments
Congratulations! At least you're using it that much.
You did, it arrived in your wallet, you just spent it. Look at the amount of total spent 😄. The reason is easy to explain. If you have e.g. 1.1 BCH on your address and send 0.1 BCH to another address, during the transaction 0.1 BCH is sent to the foreign address and 1 BCH is transferred back to your address. This is added to the BCH you received. If this happens again and again, a very large sum is created even though most of it was sent to you. In my case it is even over 1800 BCH.
IMHO that's a "feature" of BCH that needs fixed to help BCH go mainstream. Would you want to try to explain to someone new to crypto what is going on here?