Why the use of custodial wallets contradicts the idea of Bitcoin To understand the answer to this question, you first need to know what the difference is between a custodial and non-custodial wallet. A non-custodial wallet is a wallet that stores funds to which the owner and only the owner has access. Access to these funds is gained using seed or private keys. I have described how such a wallet works here. If you know the seed or your private key, you are independent. If one…
Some people do not know the difference between custodial and not-custodial wallet. The custodial wallets advertise that it is very easy to use. Yes, it is, but using such wallets contradicts the idea of Bitcoin and is even dangerous. If you want to know why, read my article. https://read.cash/@Telesfor/why-the-use-of-custodial-wallets-contradicts-the-idea-of-bitcoin-e475c960 #wallet #cryptocurrency
No blocks have been created in the smartBCH sidechain since 5 hours. According to the SmartBCH team, they are working on a solution to the problem. I don't recommend doing any transactions on the Samrtbch network at the moment, they won't be performed anyway and will get stuck in Mempool. smartscan.cash #smartBCH
After the last update of the Bitcoin.com wallet on my smartphone, I can no longer give tips by clicking on the QR code. I have to copy the address to the clipboard and paste it into the wallet. This is very annoying. Is it the same for you?
The SmartBCH sidechain has been working for some time without any problems. I exchanged BCH for BCH SEP20 via CoinFLEX. It arrived in my Metamask wallet. I was also able to complete smart contracts. The transactions that were stuck in the mempool were also performed. I did not lose any satoshi or tokens. I hope this was the only problem and that no other bugs will occur. Hopefully this incident will not deter any users from using SmartBCH. #smartBCH #cryptocurrency
The price of EBEN is constantly rising. For 0.001 BCH you only get a little more than 1 EBEN. In the pre-sale you got 5 EBEN. The price of EBEN has increased almost fivefold in a few days. #smartBCH #EBEN #cryptocurrency #DeFi
There are now charts where you can follow the price development of EBEN. It can be found at https://chartpro.benswap.cash/ You can see also the latest trades there. There are people who buy tens of thousands of EBEN! Thanks to @MoreGainStrategies for the information about this website. #smartBCH #EBEN #cryptocurrency #DeFi
The price of EBEN is now 0.002 BCH, which means that the price has increased tenfold in less than a week. EBEN's market capitalisation is still very low, but I am curious to see if the price continues to rise or if there will be a dump soon. #SmartBCH #EBEN #speculation
Is Bitcoin BTC a Digital Gold? Some people buy BTC and argue that BTC is a store of value, digital gold. Let's compare gold and BTC. Gold is a precious metal. It does not oxidise, it does not combine with other chemical elements by itself. It is used in the jewellery industry, dental technology, in the electronic industry and in many other industries. Gold has countless applications. Without gold you wouldn't have a computer or a smartphone and many other things. About half…
Many people refer to Bitcoin BTC as a digital gold. But is the term really appropriate? I have compared gold and Bitcoin BTC. You can read in my article whether Bitcoin BTC can really be called digital gold. https://read.cash/@Telesfor/is-bitcoin-btc-a-digital-gold-f427d899 #Bitcoin #BTC #Gold #value
Something is wrong with noise.cash. I no longer have any personal recommendations. I get a prompt to click hearts on some posts that interest me. But I have already clicked on thousands hearts. I have always received personal recommendations. Is it the same for you? #noisecash
It's been 2 weeks since the launch of SmartBCH Sidechain. It is time to take stock of its use. The total of contract actions has risen steadily and is now around 40000. However, there are still very few transactions per block. The number is around 3 to 4. There were a maximum of 6 transactions per block. A lot of blocks are still empty. It's no wonder, the smartBCH sidechain is still hardly known. The statistics of the locked BCH are interesting. Initially, 20,000 BCH were…
After the launch of the Chivo wallet in El Salvador, BTC price has dropped from $51000 to $43000. Now it has risen again to around $46,000, but it keeps falling. I don't know if it has to do with the introduction of the Chivo wallet, but it is not impossible that a lot of Salvadorans immediately cashed out their $30, which led to a price drop. I wrote in my article on read.cash that Salvadorans would probably not use the wallet. It's an LN custodial wallet that works like a…
I haven't posted a picture of the sunset for you for a long time. This time I waited a little until the sun had set completely so that the sky would have even more beautiful colours. You can also call the picture "the photo of a tree". You can call it whatever you like. I hope you like it. By the way, I never edit my photos. They are original photos with original colours. #photography #sunset
Don't forget it. Bitcoin is not designed to give you financial freedom. It was never about financial freedom. Bitcoin is not designed to make you rich. It can't work, Bitcoin just can't make everyone rich. Bitcoin is designed to make everyone independent and free from the banks and the governments. That is the freedom at stake and that should be achieved through Bitcoin. That's what's special about Bitcoin and that's what Bitcoin was designed for. Therefore Bitcoin Cash BCH…
For anyone investing in cryptocurrencies to get rich, I recommend this video. Especially to those users who see BTC as a long-term investment, as a kind of digital gold. https://youtu.be/0AAUrMuMPlo #Bitcoin #BTC #scam #Ponzi
Friendly reminder: Legality isn't a guide to morality.
Today I read in a magazine that walks are very healthy. They prevent diseases. It has also been proven that people who walk regularly live longer. It is recommended to walk at least 150 minutes per week. I walked for 300 minutes this week. Today about 40 minutes. I took some photos for you during the walk. Enjoy. #photography
You may have already heard, but the website localcryptos has added Bitcoin Cash https://localcryptos.com/Bitcoin_Cash/ Now you can buy and sell BTC, ETH, LTC, DASH and BCH on the website. This is a completely decentralised exchange, which is why they are not dependent on any intermediary. The exchange takes place directly between the buyer and seller. The inclusion of BCH in this website is positive because it is another step in raising the profile of Bitcoin Cash. Hopefully…
If you use the BCS sidechain, you now have the option to switch the GoCrypto token between the BSC chain and the Bitcoin Cash chain (SLP variant). GoCrypto has provided a bridge for this purpose. https://bridge.gocrypto.com/ To use the bridge you have to connect the Metamask to the BCS chain. GOC token costs currently $0.0881 #cryptocurrency #BSC #GOC #SLP
Many of you already know that the flexUSD stable coin is available on the SmartBCH sidechain. To use it, you need to add it to the metamask, just like any other coin. Its contract address is 0x7b2B3C5308ab5b2a1d9a94d20D35CCDf61e05b72 You can get it on the benswap dex, for example, if you exchange it for another token or BCH. But there is another possibility. FlexUSD is available in 3 variants: SLP, ERC20 and SEP20. You can buy the SLP or ERC20 variant somewhere, deposit it…
Dear Noisers, I have a request for you. Again and again I read posts on noise.cash or Articles on read.cash about Bitcoin Cash from absolute newbies who have read some half-truth somewhere about Bitcoin Cash and repeat it. Please refrain from doing so. Write about things you know about. There are many lies and untruths written about Bitcoin Cash on the internet. Do not repeat it here. It will only confuse new users. Thank you very much. #noisecash #readcash #writing
To all those who don't believe that Chivo Wallet in Salvador doesn't use real Bitcoin. The user writes: "A few moments ago I made a payment and the @chivowallet App closed, then I did everything again from the beginning and I paid, everything normal with Bitcoin, but after I made the payment it told me that I owe 32.37 or at least that's what I understand, could you help me to solve the problem?" https://twitter.com/Juanka0320/status/1436101572916809729?s=19…
When I use noise.cash, I am constantly logged in on my smartphone. This has always worked well. I was just away for about an hour and when I wanted to use noise.cash now, I was logged out. I had to log in again, but I forgot my password 🤦. There is a way to give yourself a new password, but to do that you have to enter the email address that was used to register. I knew my seed, but I couldn't remember exactly what the email address was 😱. I thought I had lost access to my…
The number of tokens on benswap.cash is exploding. There are already 27 tokens available. But only a few of them are known to me (like WBCH, flexUSD, FLEX, KTH, $CATS or EBEN). Most of them I don't know at all and I don't know what these tokens are supposed to mean. Some of the tokens have a website, but many don't even have a telegram channel. There is no information about them at all. Some of these tokens are going up in price a lot. I think you have to be very careful…
Dear Noisers, you must have heard that there has been an attack on noise.cash. The attackers have tried to capture your access data to noise.cash. It is therefore important to remember some rules. 1. use strong passwords. Above all, it is important that the passwords are long, at least 8 characters, better 12 or more and that the passwords are not real words that you can find in a dictionary. Also use special characters and numbers. 2. do not use the same access data on…
Yesterday's hacker attack on noise.cash proves that the website has grown up. Hackers do not undertake such huge attacks on insignificant websites. More than a quarter of a million users are no longer peanuts. With the amount of users, one can assume that people in almost every country in the world already use or have used Bitcoin Cash. The merits of noise.cash in spreading Bitcoin Cash cannot be praised often enough. Unfortunately, noise.cash is only rated as Great and not…
Like most of you, I use noise.cash daily. I like to read the posts of the users I have subscribed to and communicate with them. Most of the time I interact with the users I've known for a long time, but every now and then I use the explorer function and look at the posts of new users. Often I also look at the post of the users who respond meaningfully to my post. It is not uncommon for these to be new noise.cash users who get little or no likes. When these users write…
According to Alexa Ranking, noise.cash is becoming more and more popular. Soon it will be among the 20,000 most popular websites worldwide. In Venezuela, noise.cash is even ranked 166th, which is an excellent ranking. It's no wonder, the bolivar doesn't deserve the name currency and in Venezuela there are very many merchants who accept Bitcoin Cash. So don't worry about the falling prices. Prices fall and rise again. #noisecash
The SEP20 tokens have many advantages over SLP tokens, but somewhat annoyingly, you have to manually add the tokens to the Metamask wallet. They also have no logos. Not even BCH has a logo. The SLP tokens appear in the Bitcoin.com wallet automatically and many also have a nice logo. I know the SmartBCH project is still very young, but I hope that in time the metamask developers will add the logos and tokens so you don't have to do it manually. If the metamask developers…
Today I photographed sheep. The sheep represent quite well the behaviour of the so-called crypto market. In my photo, the sheep are calmly eating the grass and hardly moving. This is the situation when crypto prices are relatively stable. But it is enough that one sheep starts running, no matter in which direction, other sheep follow it and suddenly the whole flock is running. The sheep do not even think why they are running. They just run because everyone is running. The…
I have been thinking about the ban of links to read.cash and noise.cash on Reddit. Actually, it is inconceivable that a website with Alexa ranking #20 would be afraid of a website with Alexa ranking #20,000. The gap is simply too big. Read.cash and noise.cash are growing strongly, but still it is hard to imagine that fear of competition is the reason. I'm not really a fan of conspiracy theories, but if the ban has another reason, what is it? Was it Bitcoin Cash haters who…
I keep repeating, prices rise and fall, rise and fall. It will always be like this. I have seen much lower prices and I have seen much higher prices. I think I will continue to see lower and higher prices in the future. The most important thing is not prices but adoption. It is made more difficult by the strong price fluctuations, but these can be somewhat mitigated by stablecoins like flexUSD. By using stablecoins, you become dependent on stablecoin issuers, but independent…
Bitcoin Cash BCH adoption is growing continuously. The website map.bitcoin.com already lists 9359 places where you can pay with Bitcoin Cash. A month ago it was 9167. That is an increase of 292 or about 3% in one month. Only in one month, more Bitcoin Cash merchants have joined than LN-coin merchants in 2 years. No matter whether the price falls or rises. The number of merchants is growing. That is the strength of Bitcoin Cash. #BitcoinCash #BCH #Adoption
The danger of a death spiral with Bitcoin BTC Most of you only look at the BTC price and don't know that there is a danger of a death spiral with Bitcoin BTC.To know what this death spiral is you have to have some technical knowledge. But it's not that complicated and I'll try to explain it to you. Bitcoin BTC, like Bitcoin Cash BCH, also works on the basis of blockchain technology. I have described how Bitcoin Cash works in more detail here. Blockchain is a chain of blocks…
Most people are only concerned with the BTC price, but have you heard about the danger of the Bitcoin BTC death spiral? This spiral can lead to Bitcoin BTC dying. To understand how this can happen, you need to understand some technical correlations. I explained it in my latest article on read.cash. Maybe you are interested in reading it. https://read.cash/@Telesfor/the-danger-of-a-death-spiral-with-bitcoin-btc-0bbbaf0f #BTC #Bitcoin
I have noticed that some noise.cash users are likening or renoising stolen content from the internet. Here an example: https://www.cnbc.com/2021/09/22/millennial-who-is-on-track-to-reach-1-million-net-worth-shares-her-top-money-habits.html Please do not support thieves. Such behaviour should not be supported but fought against. Rather, report such thieves so that they do not get a reward. Thank you. #noisecash #content
I have been trying to do CashFusion with my Electron Cash (desktop version) for a few days now, unfortunately without success. I suspect that too few users are using Electron Cash with the CashFusion function switched on. In the past, CashFusions were performed pretty much immediately after I started Electron Cash. Do you use Electron Cash desktop version? Do you use CashFusion? It would be nice if more users would use it. cashfusion.org electroncash.org #CashFusion
Yesterday I wrote that my CashFusions have not been working for a few days and asked you to run electroncash with the CashFusion function activated. Today I tried it again and it worked. Either you followed my call, or the CashFusion server just wasn't working quite right and would now be fixed. I suspect that the second version is correct. Omar pointed me to a discussion on Reddit that suggested the fusion server had problems. Whatever it was, the main thing is that…
Again and again noise.cash users ask me - how will the price of Bitcoin BTC or Bitcoin Cash BCH develop. I have only one answer: I don't know. Certainly not in the short term. The only thing I am pretty convinced of is that the BTC price will fall in the long term and the coin will lose its leading role in the medium and long term. It will remain insignificant in the long run. Maybe another coin will take over that role (maybe ETH?). Maybe at some point, several coins will…
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