The Dogechain NFT market is in a mess, buy high and sell low is the new normal.
https://read.cash/@Fexonice1/dogechain-nft-market-in-a-mess-buy-high-and-sell-low-is-the-new-normal-9c94cdd0
The hype about the Dogechain NFT market has faded out too quickly than expected, living a lot of people having their funds locked up in jpegs without a hope of getting them back.
Can you imagine an NFT being sold at $0.25?
Something that was minted at $3 a few weeks ago. That's the state of the Dogechain NFT market for most projects at moment.
Dogechain NFT market in a mess, buy high and sell low is the new normal
The hype about the Dogechain NFT market has faded out too quickly than expected, living a lot of people having their funds locked up in jpegs without a hope of getting them back. The Dogechain NFT market is in a static state at the moment. Activities on the chain have been on a decline over the past few weeks, with the majority of the investors looking for an exit. It would appear that the dogechain NFT market is destined to fail.
There are many reasons for this, that we will discuss in this article, to help understand the market dynamics and why investors are looking to exit their NFT positions.
Low liquidity on the chain
Since the Dogechain bridge witnessed a hack attempt sometime last month, there has been a considerable decline in activity, and the volume on the chain has also gone down with no newcomers. Most of the investors who were active in this market, since the very beginning of the chain, are now exiting their positions.
This means that there are not enough buyers and sellers on the market to keep it functioning properly. The reason for this is the low liquidity on the chain.
Only a few investors are participating in the NFT market which increases the chances of a situation like what happened with the smartBCH chain a couple of months ago. A situation that had a snowball effect on the entire ecosystem.
The NFT market is a high-risk market, therefore the higher the volume on the chain, the lower the risk.
Frequency of rug-pulls and scamming projects
The Dogechain NFT market is plagued by scams and rug pulls regularly. The way scammed NFTs projects are been promoted and the frequency of rug-pulls has resulted in an environment of fear and panic. A large proportion of the investors are staying away from the Dogechain NFT market as a result of scam games being played by NFT project owners in this ecosystem.
The only time that we have seen any NFT project sell out quickly is now in the past. People are becoming very skeptical about any new NFT project as a result of a large number of scam projects in the market.
New investors are having a hard time making money in the Dogechain NFT market as a result of the rise in the chances of a scam in the ecosystem. Lots of money has been lost to scammed projects and investors now avoid new projects like leprosy.
Buy high and sell low
This may seem funny, but it's one of the reasons why I think the Dogechain NFT market is moving on a declining path. The Dogechain NFT market is the first place I have seen people buying NFT at a high price and reselling them at a low price. Even if someone wants to get some liquid to invest in another project, it doesn't have to come lower than the level being experienced on the Dogechain.
It's common to see loads of NFTs being sold below the mint price in the secondary market. This is not because people want to sell NFTs, but because of the fear of the scam.
Moreover, the NFT project owners are also part of the problem. When a project chooses to pay the team with NFTs, they will inevitably dump them immediately after the mint to get their payback. These types of NFT projects are the main reason why the Dogechain NFT market is not as liquid as it should be.
Almost all the projects I knew that got sold out quickly are the ones affected by the below-mint floor price in the secondary market, and these projects are as good as dead or abandoned.
This kind of stuff adds to the fear in the NFT market which is already severely depressed and due to other factors like low liquidity on the Dogechain, the supply and demand balance is distorted.
Copy paste NFTs projects
It's not that new NFT projects are not around. They are. The problem is that most of them aren't behaving as they should. More so, these NFTs are being copied and pumped into the market. Copy-pasting clones of other successful NFTs from another chain and selling them as if it's their project. The execution has been poor as a result.
These projects aren't being managed well. The number of dead projects in the Dogechain NFT market is overwhelming, and the fact that these clones are still being hyped in the market is disgusting. NFTs developers are lazy and they rely on old images for their development and marketing. People are stealing ideas from successful NFTs and sending them to new projects.
The amount of similarity between NFTs that are being sold by the copy-pasters and the clones is unbelievable. The copy-paste NFTs projects usually ended up being a big ripoff and rug pulls.
Conclusion
The Dogechain NFT market is going to suffer for a while due to the various problems facing it. Low liquidity is the most important and urgent issue that is affecting the market. Most of the NFTs are copied. They are cheap as a result. This is not acceptable in the long run, and people should avoid them like leprosy.
The secondary market is also very bad because the floor prices are lower than the mint prices and many NFTs are being dumped in the market right now. While sellers are looking for higher prices, there are no buyers. The few projects that are selling well in the secondary market are the ones with a first-timer advantage and those that are of higher quality and original art collection.
Over 80% of the NFT projects I invested in on the Dogechain were rug-pulled. I think I am done hunting for profit in the NFT market for now. I have a bunch of useless jpegs in my wallet that can only serve as PFP.
The BCH Bulls are coming: Go long or hedge BCH without the risk of a counterparty.
read.cash/@Fexonice1/the-bch-bulls-are-coming-go-long-or-hedge-bch-without-the-risk-of-a-counterparty-7f20d4ee
The BCH Bull is a decentralized platform being built on the Bitcoin cash blockchain, that will allow users to long BCH or hedge their assets without the risk of a counterparty.
Bitcoin scaling and adoption, the lightning network is not the solution, BCH is.
https://read.cash/@Fexonice1/bitcoin-scaling-lightning-network-is-not-the-solution-bch-is-077341fb
"Bitcoin scaling" Lightning network is not the solution, BCH is
Satoshi Nakamoto's white paper aimed at an electronic payment system based on cryptographic evidence instead of trust, which allows any two parties willing to exchange value directly without the need for a reliable third party.
Going by the above, and what is happening with BTC today, it is very clear that BTC maxis are bringing trust back into the system, with Lightning Network, and sidechains like Liquid, or Strike. All of these are bringing back what Bitcoin was made to destroy in the first place- middlemen that can reverse transactions and increase costs hindering small casual transactions over the internet.
The current implementation of the lightning network is a huge joke. It is not doing what it was designed to do. The whole idea behind it was to make BTC more scalable, and accessible at minimal fees. The only way for this to happen is by adding trust. The trust must be put in the centralized hubs that are being created to support this network. If you think that the fees are not that high at the moment, just wait until the network becomes fully functional.
The one thing that people forget about Bitcoin is that it was designed to be peer-to-peer electronic cash. It's supposed to function without needing anyone or any central entity to broker transactions or to take any fees for them. It's supposed to be all decentralized, which is the reason why so many people were so excited about it in the first place. Unfortunately, because of how BTC works at its core, trust still has to enter the equation somehow.
The lightning network is a joke because it separates Bitcoin from being a Decentralized peer-to-peer Electronic cash system for the masses.
In my humble opinion, the lightning network is never and can never be the solution to Bitcoin adoption because of its so many shortcomings, such as:
Incredibly slow confirmations.
High fees.
Slow transactions.
You can't send microtransactions because of the minimum amount of bitcoin required to open and close a channel.
You need several parties (channels) to send and receive transactions, which means you will not be able to interact directly with others but through a few intermediaries.
You need a node that will be open 24/7 and requires large amounts of bandwidth and disk space as well as an always-on internet connection (which is impossible to do in so many parts of the world.
It doesn't work on android or iPhone or any device that doesn't have the full node software running, many more disadvantages I cannot name here.
The lighting network removes all the advantages of using Bitcoin. It is very expensive. This is why the Bitcoin cash network is the real deal for Bitcoin adoption in the world.
I am tired of people saying that the lighting network is good for Bitcoin adoption. It's nothing but a joke. It's so expensive to use! The Bitcoin cash network is more suited for the adoption of the world. If you use Bitcoin cash, it's almost free to use, you can send millions of dollars for almost nothing. Compared to the lighting network, it's more than 100 times cheaper. And it works very fast, that's why bitcoin cash is the true bitcoin network.
The lightning network is not even the final step in the development of BTC and LN and their future potential can be compared to the Visa and PayPal networks, which we use today. The Bitcoin cash network is the perfect fit for Bitcoin adoption. https://www.google.com/url?sa=t&source=web&rct=j&url=https://bitcoinmagazine.com/.amp/technical/why-the-bitcoin-lightning-network-doesnt-work&ved=2ahUKEwiY6NeRk8rzAhUKDmMBHZRsD-kQFnoECBQQAQ&usg=AOvVaw0fNW9y5XKhN05VDzBrTrI6&cf=1
Bitcoin cash does it better. The fee is negligible compared to the lightning network. However, the future of the lightning network is uncertain with setbacks and doubtfulness. The network operation has three states: open, closed, and failed. From Bitcoin magazine.com, the operation of the lightning network has been in a failed state since its birth in December 2017. https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.forbes.com/sites/billybambrough/2020/07/09/bitcoins-lightning-network-is-struggling-to-overcome-fundamental-issues/amp/&ved=2ahUKEwiY6NeRk8rzAhUKDmMBHZRsD-kQFnoECBMQAQ&usg=AOvVaw2f4WPupFflxw-X0AACxNx7&cf=1
Bitcoin cash was born in August 2017 and since then, it hasn't had any problem with its operation. With Bitcoin cash, you can make transaction 24/7 without worrying about something terrible happening to your funds.
Bitcoin is designed to remove trust, but as things stand, BTC destroys the very reason why it was created in the first place. With El-Salvador experiment with the Chivo wallet, a wallet build on the lightning network, it's a clear case of the dog returning to its vomit. Now, even in that country where there is little trust in central government and banks, BTC has failed to enable commerce. If we look at the Chivo operation in Elsavaldor clearly, none of those businesses accept any other form of payment than fiat money. Fiat is still their option. Now, it makes no difference, with BTC, things still operate the way it has ever been in the world, a way to earn more fiat money.
In this regard, the lightning network offers nothing in reality. The world is still going for fiat money. Hell, BTC developers recommend using a lightning network! Nobody uses BTC, you save your BTC, and one day you change it to make fiat money after you think you have made many gains. In this model, crypto is just a way to earn more fiat money in the future. The world financial system is still going as it always has, with new precious metals from which to invest. In the end, nothing is disrupted. If this is what Bitcoin means, it means it is over-rated.
But that is not what Bitcoin should be about.
What made Bitcoin unique was the ability to send money to anyone, anywhere, almost instantly and cheap, and to use as cash. The more Bitcoin can be spent like cash, the more you can completely withdraw from the legacy financial system. "Earn from Bitcoin, save on Bitcoin, spend on Bitcoin", and never touch fiat money" is the real model of Bitcoin. That is why Bitcoin was considered a major disruption. It's a secret sauce. And that’s exactly what’s wrong with BTC, but what BCH fixed perfectly.
We are talking about Cryptocurrency. It is about scaling, decentralization, and security. And there has been no other proven network to be all three of these other than Bitcoin cash.
Bitcoin Cash is not only decentralized but also well distributed and secure. Typically, blockchain projects revolve around three main concepts: Decentralization, scaling, and security. This is called the Trilemma of blockchain which discusses the challenges that developers face in building an awesome, low-level, and secure blockchain without compromising on any part. The Bitcoin Cash blockchain is a decentralized, secure and scalable network. https://academy.shrimpy.io/post/what-is-the-blockchain-trilemma
Conclusion
The Lightning Network (LN) which aims to process millions of transactions per second and bring instant payment times to the Bitcoin network, is often painted as a panacea for the scaling issues facing cryptocurrencies. But all these have proved so far to be a noise in the air.
The scalability of this solution is yet to be realized, as transactions on the network have been limited to mere fractions of a cent. In my opinion, the Lightning Network is a joke, and I’m sure it will compete with Bitcoin Cash’s ability to do everything cheaper and faster.
The negative press surrounding their poor reputation with customers has opened the eyes of the world to the flaws of the Lightning Network. It seems like every other month there's a major bug or exploit discovered in the Lightning Network. The biggest issue is that users are at risk of losing the funds they may have in their channel if the node they're connected to fails. This has happened multiple times where users have lost a huge amount of money due to failure by either leaving their node open or exposing themselves to the internet.
This person could have given me a tip lol.
Found one of my recent read.cash article posted on Tweeter by someone I don't know. I guess the article makes a lot sense to the person to make it go viral by posting it on Tweeter.
I also found the same article in a telegram group on the Dogechain community. As much as I like the feeling of seeing my article going viral, I would have been more happier if any of the readers leave a tip on the article.
Why does the world need Bitcoin?
In this article I discussed the problems Bitcoin was created to address and how BTC and other cryptocurrencies has failed in addressing those problems. And BCH stands as the only cryptocurrency working in addressing those problems.
read.cash/@Fexonice1/why-does-the-world-need-bitcoin-bch-b7a206df
Do we now have the noise app ready for download?
I saw someone posted in noise.cash that she just downloaded the app on Google play store. Wanna be sure it's the legit one before downloading.
Let's get it right this October. Read my perspective for the new month's article to get yourself on the right track early as possible.
https://read.cash/@Fexonice1/perspective-for-the-new-month-9fbedf61
This is the plots of lands combined on a 3D global view that overland has given to me. Most of the plots are located in the heart of America cities. I don't know how this project will play out, but I have a feeling it will be something big.
Did you know you can borrow money using NFT as collateral?
https://read.cash/@Fexonice1/why-sell-your-valuable-nft-when-you-can-mantra-it-4c6c45aa
Mantra protocol on smartBCH does exactly that. Instead of selling your lawpunk that will keep going up in value, you can use it to get some liquidity on the Mantra NFT marketplace. You can claim back your NFT after the borrowing period is completed.
Read the article to know more about Mantra, the new NFT marketplace on smartBCH.
Finally got my master credit card. It has been a problem for me to do business with international outfits due to a lack of an international acceptable debit card. I have been using a verve credit card which could only be used for businesses within my country.
I took out time to go to the bank today and get the the master credit card.
Took the snap while waiting for the bank officer to sign the card documents.
$1.20 gone to this this plate of Nigeria Jolof rice, a piece of bread, and a bottle of water.
Man! I don't feel like I eat anything.
For those who love to post pictures and videos, here is a social crypto earning platform you can use. I started using it last week and have earned some tokens already.
Pixie is a social crypto earning platform that reward users with its native token $PIX, which is already listed and trading on Kuncoin exchange.
Earn by posting, liking, comment and reposting.
As a web3 social media platform, you are required to connect your wallet to the site for collecting payment.
Use the link to register and try it, and don't forget to follow me on the site.
play.google.com/store/apps/details?id=mobi.pixie.app
"WAGMI" We are gonna make it!
https://read.cash/@Fexonice1/some-blockchain-and-metaverse-acronym-you-need-to-know-f25037b7
Wrote this on some common blockchain and metaverse acronyms that frequently used in discussion. Find out what you can learn from it.
smartBCH is bailed out 🎉
read.cash/@Fexonice1/the-smartbch-chain-is-bailed-out-lets-get-back-to-business-1f544b5d
It's been a rough season for the SmartBCh chain, but things are looking up! The SmartBCH chain is being bailed out by a group of SmartBCH Alliance who are working hard to get the network back up and running. This was done through the Coinflex reorganization plan and the DAO voting process.
Let's get the day started on a bright side. Good things are happening in the Bitcoin cash community. A BCH champagne will be perfect for the feelings 😁
Image from Reddit.
Otherside metaverse NFT plot of land sold at over $1M. Overland is giving out free metaverse NFT plots of lands to everyone who signed up for the project. I have 12 plots of metaverse NFT so far.
No one knows how much these metaverse NFT plots of land is going to cost tomorrow. This might be a life time opportunity. If the otherside metaverse NFT plots without utility sold at that higher amount, I think the overland metaverse NFT plot of lands will worth more based on its utilities that is coming.
If you haven't signed up for overland to claim free metaverse Orland NFT, use the link to register with your email and claim your first metaverse plot of land.
https://overline.network?a=6FD8HNDWcdnj
It's a great day today, let's start with this BCH champagne and have a blessed Tuesday.
Found the picture on Reddit.
5 reasons why BCH has yet to reach its goal of peer-to-peer electronic cash
BCH has been growing quite very slowly over the years and looks pale in comparison to most other cryptocurrencies. Its market price has dropped even more in recent times and is currently sitting in the top 40 on Marketcap.
If you do a little research or Interview people, especially new people to the crypto space, the result is that most people have no idea what BCH is all about, and those who have little knowledge about it think it's just a fork coin like any other forks, e.g BSV, Bitcoin Gold, and other that are called Bitcoinxxxx or whatever.
When you look at it closely, it's clear that regular individuals mistakenly believe that cryptocurrencies are just investments and are drawn in by BTC's past gains, not realizing that it has limited practical use and is heavily supported by institutional capital. Since BCH lacks a structure of institutional support or historical gains, many people are reluctant to use it.
Besides the above, there are more important reasons why BCH is yet to reach its goal of a peer-peer electronic cash. Let's look at some of these reasons.
1 Regulation of decentralized crypto
The only real reason why BCH has not become a mainstream coin is its very nature of decentralization.
If you look at the traditional, "regulated" system, and then look at the crypto space, you'll understand that a lot of centralized entities have gained strength. If you talk to people about Ethereum, they'll tell you that it's decentralized but it's not. For one thing, it has its legal structure and the interests of some participants get prioritized over the others. It's a mess of a system, but it is the traditional way. The same goes for BTC.
Right now there is plenty of regulation, legal protection, and KYC systems around BTC which is what the government and its regulatory agencies like. They want to have control and make BTC just an investment. However, BCH has none of this, and it's unlikely to have anything to do with regulations or KYC in the future
Decentralization is the enemy of the governments and the financial institutions that want to hold a centralized position. If you look at the fiat currencies and central banks, you'll understand that a central establishment has increased its control, and has expanded its holdings on BTC massively.
2 Worldwide adoption
Another big issue for BCH is that it is still a relatively new coin. People are not familiar with it and have not fully digested the idea of decentralized crypto. The few people who are familiar with it, already have chosen to go with BTC or ETH because of the massive gains they have realized so far.
Besides the fact that people aren't familiar with it, the biggest problem is that BCH is unable to reach global adoption which is the main driver for it to become a mainstream cryptocurrency.
Because people and companies have already made huge investments in BTC, and Ethereum, the newly launched BCH coin won't have that same early market traction and early adopters, so it will take time before people will come around.
BTC can continue at its current pace of adoption, that is if the miners don't freeze it at will. However, if people realized that BTC has no utility whatsoever for anything other than investment, they might move to other alternatives that have utility.
As people start realizing this more, then acceptance should grow, and so should BCH’s value!!
3 Fear of accepting it because of taxes
Most people would like to pay lower taxes. Since you're paying income tax on your income, BCH will get taxed just like any fiat currency. The problem with cryptocurrency is that a person who wants to accept it as the main income source will have to be ready to pay higher taxes.
One such tax is the VAT, which is pretty standard in most countries, with a 10% charge on goods bought with cryptocurrency.
By the time BCH becomes a real mainstream currency, someone who wants to pay taxes in cryptocurrency will be facing higher taxes, and the crypto space and the crypto space may shrink, bringing in centralized authorities.
4 Suppression of BCH in social media, and exchange markets
The people who are in the system and want to hold power always try to keep a controlled flow of information and to put out anything that doesn't benefit them or their positions. So, whenever a new cryptocurrency is released, they will do all they can to squash it by suppressing exchanges and social media networks.
The coins they support will be shown in social media, and exchanges because they are a centralized authority.
This is what's happening in the crypto space, exchanges, and the social media network in the crypto space are silencing BCH and trying to push people away from it. This is their way of putting down the growth of a new, more decentralized way of conducting commerce.
5 Brand Recognition
Brand recognition plays a factor, as people want to own the "real deal" when it comes to cryptocurrency. Many cryptocurrency investors and cryptocurrency exchanges are keeping their distance from BCH because they want to keep a good name when it comes to fiat valuation.
Often the Bitcoin Cash brand is not really attractive to new people. Those who know it are mostly old people or people who are OGs in the crypto industry, and there is no brand recognition of Bitcoin Cash at all, therefore, any new people who enter the crypto space will be immediately attracted to other coin offerings, and if they find the exchange they want to use, the first coin they will switch to is most likely BTC or Ethereum.
It's pretty hard to reverse that preference on a market cap and market share basis, as these other coins have larger market caps and better brand recognition in the crypto space, but BCH does have some things going for it.
How to fix the problems for the future
The first important thing is that the community needs to pay attention to promoting the Bitcoin Cash brand, which means setting out and telling people about it.
Creating a strong brand name is important since people want to see and hear their coin's name. If you get a smart marketing team, they can drive up the value of the BCH brand in several ways. Over time, Bitcoin Cash will gain mainstream recognition, and this is critical to success.
The second thing is to build a strong network of support in the media. The media plays a major role in helping cryptocurrency gain widespread recognition, and most people are aware of BCH, but a good part of the population is not. And, of course, it doesn't help that the mainstream media has always been negative towards BCH, which may have kept some people away.
If you have any other suggestions or reasons why BCH is facing a hard time getting to where it should be, feel free to share them in the comments section.
Life and opportunities
Great opportunities are usually discovered rather than given to you by someone else. It's unlikely that you'll get an excellent opportunity if you wait for someone to hand it to you. However, if you are exploring and moving, if you are in the mix and engaging with the movement, someone could give you a fantastic opportunity. So, why don't you push yourself to get noticed, push yourself to engage, and get involved?
The active mind learns a lot more quickly, stays interested, and keeps learning and being curious. Ask yourself, what are your interests? Keep tilling the soil, and you'll come across something wonderful now and then.
We tend to become absorbed in what we do. All our tasks, our work, the things we see, hear, touch, and smell are very familiar to us. Perhaps when we don't work for a while, we often lose touch with our knowledge. The daily tasks we do might become routine or boring. However, if you are curious, engaged, and active, you can discover amazing things in the everyday and boring things, very easily.
The question is not whether to do something or not, but rather when to emphasize one aspect over another. Should I rest or train? Should I research or write? Should I diversify or focus? Do I need more experience or swim along
Both answers can be correct. The question is which one is correct at this time in my life?
Training is always good and always interesting. And the more experience and the more range of things you do, the better you are prepared for your next step, and that's what makes you an interesting and dynamic individual. But, they are two different answers.
When we spend time doing, we remain in the present and live the moment. What happens here is more important to us than what we will have in the future. This allows us to experience joy and fulfillment. This is one of the most basic lessons we should learn.
When I spend time with a goal, an idea, or a picture, I sometimes end up disappointed and not so much fulfilled. And, I think, perhaps we spend a lot of our lives this way, spending too much time on the future and too little time on the present.
Being awake and alert in the present is challenging, but this is where you can get the excellent opportunities that are lying just beneath the surface. This requires discipline and persistence.
I once read that real success comes from understanding the power of being able to see your limitations. This will help you to be able to learn from the experience of others which could open doors to new opportunities.
Being in the movement is really exciting. There are some great people out there, and you could be part of the action. However, it requires the ability to balance living your life and getting involved. Remember that, although you might be part of the movement, it's up to you to put your energy where you want it to be.
There are so many wonderful and exciting experiences that we can get when we focus our attention on something that could bring us joy. We can love and be loved, we can feel compassion, empathy, and care for others.
The real question is, which one is most important to you at this moment in time? Your future self would love to be you at whatever age you are now. So, if you want to enjoy a long and fulfilling life, then you have to consciously choose to get involved in the movement. You don't have to be at the top of the ladder at the moment. What matters is that you can afford yourself the opportunity to get more involved in what is happening at the moment.
"Don't be fooled by the calendar. There are only as many days in the year as you make use of. One person gets only a week's value out of a year while another gets a full year's value out of a week." Charles Richards
Most people do not consider 65 to be a young age, but when you're 75, you wish you could go back in time and relive those years. Few people would consider 35 to be your youth, but in your mid-50s, your mid-30s will appear to be your "young you."
Today, regardless of your age, is a fantastic opportunity. In a few years, today will seem like a time when you were young and full of potential, or when you could have started sooner, or when you made a decision that benefited your future.
The temptation when we see the fun and excitement around us is to say, "If I had only known then, I would have..." The truth is that everything you need to succeed, every good decision you've ever made, and every experience you've had, will help you to find the meaning of life.
We hear these 9 powerful words all the time: "Everything will work out if I have enough time." But, of course, it doesn't work that way. The universe is all about practicalities. When we're ready, the opportunity will appear.
Things are constantly changing. This is one of the most exciting things about being alive. Things can change from one minute to the next. The unknown can always be scary and sometimes feels intimidating, but the very things that intimidate you, such as insecurity, can also help you to see the potential. The world has become incredibly complicated, but the more you make sense of it, the more solutions will become available.
Remember that when you feel scared, you are likely to be searching for answers. When you seek answers, you have an opportunity. This is another place where it's important to have that discipline.
The situation you are in right now is favorable. Take advantage of it, and focus your attention on what you want to do with it. Stay focused and positive. A positive attitude is crucial in life. You're able to express your potential more easily and effectively when you believe in your abilities.
You must make the most of what you have. Find ways to improve yourself and be useful to others. This is what you do with today, and you'll create a future you are very proud of. If you don't focus on the present and are open to sharing and connecting with others, you are blocking yourself from what is happening, which could be the opportunity you have been waiting for.
Life is too short to be unhappy. Make the most of today.
If there is one thing that I don't often remember to do, it's taking pictures. I have a good phone with a good camera, but, I don't usually remember to take pictures with my phone. Even when I go on a function such as wedding ceremony, church conference etc, I don't take pictures. It seems I am such a photo shy person, and it makes me feel bad when I see nice pictures posted on noise here.
For those who still holds the Fatcat NFT and tokens on smartBCH, this is a good news for you.
The Fatcat project is getting rebranded under new management to become a multi-chain meme NFT and tokens project. The new team of the project will be aiming to streamline the borderless opportunities in the NFT economy by leveraging its multi-chain dimensions for investors' profitability.🔥
FATCAT VERY MEOW, MUCH WOW🔥
Check telegram group for more details.
t.me/FATCATBCH
Good radiance for smartBCH chain
The SmartBCH chain is about to see some ray of sunshine after a long period of uncertainty over the locked bridge by Coinflex.
This morning Coinflex reported that it had reached an agreement with the smartBCH representative and stakeholders on a workable solution to reopen the smartBCH chain bridge. This is good radiance for the smartBCH chain and community which will see the revival of the chain soon.
This agreement contains a structure that would allow for the smooth running of the smartBCH project and offers the community tangible benefits for cooperation on a path to move the chain forward in an integrated way.
After a difficult period that included a lot of disagreements and worries, the Coinflex partnership with smartBCH reached a milestone that is favorable to both sides. The agreement when in effect would allow the smartBCH alliance to take over the responsibility of the smartBCH bridge. Although this agreement is subject to the approval of the Coinflex reorganization in Seychelles, it does show a positive path forward for the smartBCH project.
What this means is that Coinflex will be giving the bridge key to the smartBCH alliance for custody. This will enable them to use their own BCH to provide liquidity for the bridge to return the peg of sBCH to BCH at 1:1.
In that sense, the smartBCH alliance have full control of the bridge and act as a creditor for all sBCH exchange of the smartBCH chain. In this way, they will take responsibility for the amount of BCH expended in the discharge of the bridge activities.
The alliance also represents the bail-out plan put together by the smartBCH team leader, a plan to bail out the smartBCH chain with individual combined funding called the BODAO. Members of the BODAO, therefore, take responsibility for the funding of the smartBCH bridge operations. The amount of the contribution depends on the amount of their assets and risk. This was a part of what the smartBCH team published some time ago.
It is expected that the BODAO will get back their contribution when Coinflex returns the bridge funds in her custody. Although this is not started in the new Coinflex announcement, the agreement to allow the smartBCH alliance to take over responsibility for the funding of the smartBCH chain bridge provides an enabling environment for the BODAO to start collecting assets and participating.
With the BODAO in place, smartBCH chain activities should continue in their path to establishing itself as a different, open, self-sufficient, and self-sustaining market infrastructure on top of the BCH chain.
This is a great sign of relief for the smartBCH chain and good news to the community at large. It is good to see that the community can cooperate in maintaining and improving the SmartBCH chain. The community should now take advantage of this shared responsibility to work together and press ahead with the development and operation of the SmartBCH chain.
The next steps will be up to the community to solve them and lay the groundwork for the SmartBCH Alliance to press ahead with more permanent solutions for the smartBCH bridge services and improved smartBCH chain infrastructure.
The smartBCH community is now only waiting for the bridge to be transferred from coinflex subject to her reorganization proposal approval.
And after that, both the smartBCH alliance and the smartBCH team will decide the next steps of the smartBCH development and the future of the chain's bridge.
This is a good radiance for the smartBCH chain and the community as a whole and we hope to see more in the coming months.
Raining heavenly this morning. Nowhere for the kids to go to school and for us to do the tasks of the day.
Everyone is busy, someone is missing and no one is speaking.
Who has seen @Pantera99 of recent. It's been a while I have seen his post both on here and on read.cash.
I hope it's well with you my friend @Pantera99
Today will be one of the worse day of my life. My Metamask wallet got hacked by a mother fucking hacker and stole my 3.4 BCH away.
https://read.cash/@Fexonice1/my-metamask-wallet-got-hacked-34-bch-went-to-the-hacker-0b69ef32
I feel devastated and heart broken to lose money in this bear market period without a way of recovery anywhere.
In the attached screenshot is my money resting in the hacker's wallet address, I scanned it using sonar.cash.
Wow! Wow 😳😲😳
Got my first BCH donation sent to my wallet as soon as I added my address here. This is super cool and exciting.
I wanna know how I can also send BCH donation to someone. Can you guys lecture me on how to do it?
Well today wasn't a good day for me, got my Metamask wallet hacked by a mother fucking hacker who stole my 3.4 sBCH.
It feels very painful to lose money in this way during this bear market without a hope of recovery anywhere.
There in the screenshot is my money resting in the hacker's wallet address.
@Fexonice1
