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@dave_gutteridge

Joined 27 February 2020 · 52 posts

Writer, artist, and comedian, living in Tokyo. Also, a Bitcoin Cash enthusiast.

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@dave_gutteridge Bitcoin Cash

How About "Bitcash" for short? And Why Does the Bitcoin Name Even Matter? So I wrote an article a few days ago about how I think Bitcoin Cash should change it's name to "Bitcash." And wow, did people *hate* that idea. Comments on Reddit were overwhelmingly against the idea, except for the one or two obvious trolls that wanted to try and leverage my idea into something that was antagonistic in a way that I would never intend.…

@dave_gutteridge Bitcoin Cash

Bitcoin Cash Should Change its Name to Bitcash The whole reason Bitcoin Cash exists is because a significant portion of Bitcoin enthusiasts felt that Bitcoin needed saving from those who wanted to steer it in a direction away from its original vision. It was, in a sense, an attempt at preservation. From that point of view, it made sense to keep "Bitcoin" in the name. The preservationists wanted to establish themselves as being inheritors of everything good about Bitcoin at…

@dave_gutteridge Other coins

Crypto Isn't Dead Every technology goes through hype cycles, where one of the phases is “the triumph of the uninvolved.” That’s the phase we’re currently at with cryptocurrencies. This comes after all the “the world is going to change” hype, like what we’re seeing now with AI. “The triumph of the uninvolved” stage is where everyone who was skeptical about something get to revel in smug glee about how all the bubbles of excitement have burst. Scammers are revealed for what…

@dave_gutteridge Trading & the market

You, Yes You, The Crypto Investor, Are Killing Crypto Turns out, the central bankers had a point Whenever I speak to someone who is new to the world of cryptocurrency and they’re asking me how it all works, I always begin with the same introduction. “It’s a great technology that would be super useful for the world, were it not completely buried under an incredibly stupid market.” The basic premise that makes it such a great technology is very simple. I should be able to send…

@dave_gutteridge History

The Story Crypto Tells Itself About The Origin of Money When cryptocurrency is introduced to someone completely new, it's pretty much inevitable that part of the explanation of what crypto is will include some history of money. If you really want to understand why crypto matters, you need to know what regular money is, and to understand that, you need to go back to its origins. Almost everyone already knows the story of how people used to barter goods before money was…

@dave_gutteridge Bitcoin Cash

Bitcoin Cash Needs to Reject the Sterile Class Back in the 18th century, people called bankers, insurers, and landlords, "the sterile class." I think we should bring the term back, and include speculators, traders, and almost anyone we might call a "financier." They're "sterile" because they don't produce anything. At best, they help move money around, and at worst they just sit on resources and charge for access. But even in the best case, where they provide some function,…

@dave_gutteridge Other coins

The Bitcoin Moral Panic Bitcoin wastes two iPhone's worth of electronic garbage with every transaction, claims a new study. This is similar to the claims that Bitcoin wastes more energy than the state of Denmark first made a couple of years ago. And, of course, there are enough pundits to fill a terracotta army, who will talk about how Bitcoin is a Ponzi scheme, a casino, a vehicle for the rich to run pump and dump schemes to fleece the poor.…

@dave_gutteridge Other coins

If Not a Conspiracy, Why Is Blockstream Crippling Bitcoin? "Truth is stranger than fiction," a conspirophile told me. The "truth," in this case, was that the CIA, or the Bildeberg Group, or both, are behind a conspiracy to destroy Bitcoin, using Blockstream as a front for their evil plans. https://en.wiktionary.org/wiki/conspirophile Then shouldn't the truth be something different than the same boring story told over and over in countless conspiracy theories, as well as…

@dave_gutteridge Trading & the market

Trying to look at the patterns of movement in a price chart to say anything about where it will go after the present moment is like trying to talk about tomorrow's weather by measuring how much today's clouds are shaped like horses. #TAisBS

@dave_gutteridge Bitcoin Cash

The Truth of the Blockstream Conspiracy Exposed! In recent months, as I've been writing about the fundamentally skewed thinking of conspiracy paranoia that is pervasive in crypto communities, I've had plenty of people contact me, through Read.cash and Reddit, telling me that I'm wrong and stupid for not being able to see the obvious workings of the grand conspiracy by Blockstream to destroy Bitcoin.…

@dave_gutteridge Bitcoin Cash development

Unincentivised Developers, and the Real Difference Between Bitcoin Cash, Bitcoin, and Other Cryptos Every blockchain has a problem that is intrinsic to the way blockchains are created and maintained. That problem being, that miners get paid to mine, but developers do not get paid to develop. This problem does not simply exist without attempt to resolve it, though. Just about every single blockchain project has their own way of dealing with it. How they do so is, in my view,…

@dave_gutteridge Trading & the market

"Technical Analysis" is Meaningless Financial Astrology I got interested in crypto around 2017. Coming to understand how it all works was a steep learning curve, with plenty of difficult technical terms related to how blockchains work. And there was also a lot of new financial concepts to learn about. Whether we like it or not, crypto markets move up, down, and around, largely the same way that stock markets do. This means that if you hold any crypto, it benefits you to…

@dave_gutteridge Other coins

Here's How My Conspiracy Will Destroy Bitcoin's Potential To Change The World After my last article about how conspiracy theories undermine the potentially good reputation of crypto, I got this comment on Reddit: https://read.cash/@dave_gutteridge/the-deep-state-isnt-sabotaging-bitcoin-and-the-idea-is-embarrassing-ac4ca9c4 https://www.reddit.com/r/btc/comments/ookocx/the_deep_state_isnt_sabotaging_bitcoin_and_the/h64ne6h?utm_source=share&utm_medium=web2x&context=3 Let's say…

@dave_gutteridge BCH in the real world

Using Rakuten Wallet to Pay With Bitcoin Cash in Japan There's been some news floating around that it's now possible to use Rakuten services in order to pay with cryptocurrency at stores in Japan. I've just successfully made my first purchase using this Rakuten system, so I thought I'd just provide a short synopsis of how this system really works and if it's worth it. https://global.rakuten.com/corp/news/press/2021/0224_03.html First, I'm not sure how well known Rakuten is…

@dave_gutteridge Other coins

The Deep State Isn't Sabotaging Bitcoin, and The Idea Is Embarrassing I actually believe in some conspiracies. For example, I think it's very possible the US navy shot down flight TWA 800 and covered it up. I think the shot was an accident, but, still, there were cover ups and misdirections after the fact, and that's where the conspiracies lie. https://en.wikipedia.org/wiki/TWA_Flight_800_conspiracy_theories I also think I could be wrong. That's kind of crucial to not…

@dave_gutteridge Bitcoin Cash

It's Not a Choice Between Banks and Crypto Bitcoin Cash is going to bring down banks and free people from centralized fractional reserve based currencies and help the world become a better place. ... is the kind of thing you hear, or read, a lot of when you enter the world of crypto. And it's just wrong. It's binary thinking that just doesn't reflect reality. It's not just that the financial world will adapt and change the same way telecoms and media adapted and changed in…

@dave_gutteridge Bitcoin Cash

There's Only One Way Bitcoin Cash Will Get Ahead, and It's Not By Explaining I remember the first time I used Google. At the time, Yahoo was probably the most standard search engine, and there were others like Ask Jeeves and Webcrawler. A friend and I were sitting in front of my computer, and I was going to look something up, and before I typed in the address for Yahoo, my friend casually asked, "oh, have you heard of Google? You should try it." The only reason Google was…

@dave_gutteridge Bitcoin Cash

Subtipper Subtipper is a bot on Reddit that pays out Bitcoin Cash to the highest upvoted posts within an individual subreddit on a regular basis. This page is intended as a reference in simple terms for how it works, for people who might have received a tip and are wondering what's going on. If You Have Absolutely No Idea What's Happening It's possible that you've come to this page because you got a message saying that you've been given a tip from Subtipper, but you have no…

@dave_gutteridge NFTs

The Key Ingredient to Make an NFT Actually Valuable As a person who would like to make a living off my creativity, the idea that I could sell art as NFTs sounds great. But, as much as I'd like to capitalize on the hype, I just have a hard time seeing NFTs as having real value. Value, which is different from price. NFTs clearly can command a high price. But, a price is something that happens at a moment in time, in the instant of transaction. Famously, a screenshot of the…

@dave_gutteridge Bitcoin Cash

Introducing Subtipper, the Bitcoin Cash Community Reward Bot for Reddit A while back, I wrote about how a system like Chaintip, a way for individuals to tip BCH to other users on Reddit and Twitter, could be expanded to drive more Bitcoin Cash adoption by taking it beyond the one-to-one level. https://www.chaintip.org/ Although you can read about the original concept here, just as a quick summary, the idea was to create a BCH fund that regularly pays out to the highest voted…

@dave_gutteridge Big questions

Capitalism started with the idea that if something was good, then it would be compensated. But along the way, that seems to have changed to assuming that if something is being compensated, then it must be good. Which is not always true. Ask any drug addict.

@dave_gutteridge Bitcoin Cash

What I Hope For From Bitcoin Cash as a Content Creator My bio on Read.cash says I'm a writer, artist, and comedian, and, after those, a "Bitcoin Cash enthusiast." The Bitcoin Cash part may seem tagged on, but they're actually all related. I'm into Bitcoin Cash for what it could to help my creative aspirations. I'm not holier than thou, or anyone else, though. When the price of BCH goes up, I'm happy about it, and if it went up by a lot, that could really impact my life. So,…

@dave_gutteridge Crypto and the law

The Government Isn't The Enemy of Bitcoin Listening to the discussion between Kim Dotcom and some BTC enthusiasts, what stood out to me most was the points where they agreed. They both took it as a fact that "the government" will definitely try and stop Bitcoin. https://vimeo.com/531063964#t=2:34:22 Neither Kim Dotcom nor the discussion moderator, who I don't know and didn't catch their name, got into the conspiracy theories you hear a lot of in the crypto world. There are…

@dave_gutteridge Bitcoin Cash

How To Turn Reddit Into a Bitcoin Cash Marketing Machine Using Chaintip Every now and again I see someone on the r/btc subreddit propose that people with a little BCH to spare should go around to other subreddits and tip people using Chaintip. https://www.reddit.com/r/btc/ If you're not familiar with Chaintip, it's very simple. It's a bot that allows you send someone an amount of BCH through a comment on Reddit. All you have to do is reply to someone's comment or post, and…

@dave_gutteridge Bitcoin Cash

No One Cares About Bitcoin Cash if it Doesn't Make Them Money Privacy? Whatever. No one cares if the government tracks how many coffees you buy. Peer to Peer? Everyone is doing just fine with the money and credit they use through banks. Security? Is having to remember a 12 word passphrase that you can never recover if you lose it so much better than having to trust a bank? The lives of everyone who are not using cryptocurrency are just fine right now. Let that sink in a bit,…

@dave_gutteridge Bitcoin Cash

The B&T Index: How Much is the Bitcoin Cash Subreddit Being Attacked? On the r/btc subreddit, where most discussion about Bitcoin Cash happens, people frequently complain they are the target of coordinated efforts of bots and trolls to suppress discussion. But that might just be a persecution complex. Is there any objective measure? That's what I set out to find out. https://www.reddit.com/r/btc/ I'm not a trained statistician or anything, so, my methodology might be flawed.…

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