read.cash Log in
@francis105d1

@francis105d1 in December 2023

@francis105d1

Unlocking Sovryn's Potential: Navigating Challenges and Building a Strong Community Upon my entry into the Sovryn project, I anticipated a thriving decentralized exchange (DEX) on a Bitcoin sidechain. However, the 75% price drop and ongoing token dumping by initial investors have led me to a deeper understanding of the challenges Sovryn faces within the Bitcoin community. Challenges Faced by Sovryn: Bitcoiner Resistance to Sidechains: Bitcoin enthusiasts often resist…

@francis105d1

Sovryn SOV technical analysis December 2023. Sovryn SOV against Bitcoin printed yet another red candle for November, which could tell us that the price may repeat what it did in April 2022 which was print a single green candle followed by many more red candles. It could also do what the price action did in December 2022, print a red candle followed by a red candle to end with a green candle that made a short bear rally that took us to the 3700 levels but that was quickly…

@francis105d1

I will try to use the first DEX on Bitcoin Cash CashTokens to buy some tokens for testing in case we have a UNISWAP repeat. I will try DogeCash and Furu 1 TX to qualify.

@francis105d1

Revolutionizing DeFi: Cauldron Unveils the First CashTokens Bitcoin Cash DEX I have delved into the world of decentralized exchanges (DEXes) extensively, navigating through various projects, only to encounter signs of centralization along the way. This led me to the realization that many so-called DeFi projects are, in fact, DINO projects—Decentralized In Name Only. One perennial challenge with sidechains revolves around the bridges or pegs connecting the layer one network…

@francis105d1

The Ordinals Debate Unveils a Battle for Decentralization and Transaction Costs BCHers Were Right. The Bitcoin community is once again at the center of a heated debate, with Ordinals taking the spotlight as the latest source of contention. On Twitter, discussions are rife with arguments both for and against the protocol. Some developers are advocating for the outright censorship of transactions through software upgrades, echoing the tactics employed during the Bitcoin and…

@francis105d1

Elevating Financial Freedom: Exploring Stablecoins and the Future of CashTokens Protocol In my recent exploration of the CashTokens protocol, a decentralized exchange (DEX) in its alpha stage caught my attention (CauldronDEX), raising questions about the absence of stablecoins within the ecosystem. While the DEX is functional, the inherent risks associated with an alpha release are a concern, emphasizing the need for stablecoins as a crucial component of the decentralized…

@francis105d1

Open letter to Gemini Exchange and Gemini Dollar to support CashTokens. Thursday, December 7, 2023. Gemini Trust Company LLC Board of Directors c/o Robert J. Cornish, Chief Technology Officer Dear Gemini Trust Company LLC Board of Directors, I hope this letter finds you well. (Name will be hidden for the nature of public open letter), and I am writing to you as a dedicated user of the Gemini Exchange, utilizing the same email address from which this communication originates.…

@francis105d1

One BCH Strategic Investment: Maximizing Bitcoin Cash with CashTokens and NFTs Diving into the world of crypto investments can be a thrilling yet risky experience, especially when dealing with leverage positions. Having previously explored CashTokens through BCHBulls, I found the journey to be exciting but fraught with risks, prompting a reconsideration of my approach. In this article, I share my strategy for investing one Bitcoin Cash into CashTokens without resorting to…

@francis105d1

Empower Your Crypto Security: Free and Secure Digital Asset Management Hardware Wallets. In the fast-evolving world of cryptocurrencies, safeguarding your assets is paramount. Relying on state-of-the-art security measures becomes imperative, especially when it comes to protecting your private keys and maintaining control without dependency on third-party entities. Enter the realm of free and secure hardware wallets, where AirGap Vault for Bitcoin and Ethereum stands out as a…

@francis105d1

I know many in here participated on SmartBCH liquidity providers to many tokens, if you still have some BCH left you could try to buy and sell tokens with CashTokens using the CauldronDEX that may or may not have a token in the future. Furu token is the number one token and Gurus NFT collection is the number one NFT collection on TapSwap. If it is true that now the rugpull could be a project ends up leaving but at least it is not a bridge or rugpull by centralized exchanges.…

@francis105d1

Unlocking the Future: Harnessing the Power of Bitcoin Cash Seamless Transactions. I am thrilled by the groundbreaking capabilities Bitcoin Cash brings to the global stage through the innovative CashTokens protocol. This revolutionary protocol enables the creation of NFTs and tokens on-chain and on-layer one, all while maintaining the security and decentralization that defines Bitcoin's peer-to-peer network, catering to the masses. In my exploration of the CashTokens…

@francis105d1

Navigating El Salvador's Bitcoin Ascent: A Call for Realism Amidst Rising Prices. Nayib Bukele, the President of El Salvador, is seeking vindication for the bold move his government made two years ago by investing in Bitcoin (BTC). As the cryptocurrency's value continues to soar, critics who once denounced the president for perceived authoritarianism are urged to reconsider their stance. El Salvador, once a subject of skepticism, now stands in the green, reaping unrealized…

@francis105d1

Here is what I'm up to, kicking off 2024. Skip to the "My actual opinion" section for my actual opinion. Over a year ago, I transitioned from SmartBCH to Sovryn SOV, driven by the belief that DeFi on Bitcoin, particularly in the form of a sidechain, held promise for wider adoption within the Bitcoin community. Despite an initial sense of relief from leaving SmartBCH, my journey with Sovryn unfolded with unexpected challenges, shedding light on the complexities surrounding…

@francis105d1

The Salvadorian Tragedy: The Unintended Pitfalls of El Salvador's Bitcoin Adoption. https://www.youtube.com/watch?v=15BXY_1levY&ab_channel=ChillingTalesforDarkNights In the previous video as a reference to our article, we delved into a speculative tale titled "I am a time traveler from the future," envisioning a world where Bitcoin soared to unprecedented heights, rendering traditional currency comparisons obsolete. This narrative also alluded to a sobering incident known as…

@francis105d1

Bitcoin Transaction Fees Surge Again. The examination of Bitcoin's network dynamics, fees, and Lightning Network vulnerabilities underscores the evolving challenges for users. The provocative idea of exploiting a false state channel for amusement brings attention to the potential consequences faced by LN node operators. The exorbitant $25 transaction fee poses a significant barrier for users worldwide, especially those in economically disadvantaged regions like El Salvador.…

@francis105d1

Bitcoin Transaction Fees Surge Again. https://read.cash/@francis105d1/bitcoin-transaction-fees-surge-again-36e11fcc The examination of Bitcoin's network dynamics, fees, and Lightning Network vulnerabilities underscores the evolving challenges for users. The provocative idea of exploiting a false state channel for amusement brings attention to the potential consequences faced by LN node operators. The exorbitant $25 transaction fee poses a significant barrier for users…

@francis105d1

A Call to Action for the Furu Community and Holders. Dear Furu Community and Holders, I pen this letter with a fervent desire to underscore the pivotal role that CashTokens plays in the evolution of Bitcoin Cash. As we navigate through various experiments, it becomes evident that CashTokens represents a watershed moment for BCH. It's an opportunity to demonstrate that BCH is not merely a currency but a robust store of value and the preeminent medium of exchange, capable of…

@francis105d1

Open letter to NoiseApp (formerly NoiseCash) and ReadCash communities. Embracing the Evolution: An Invitation to the CashTokens Protocol Reflecting on the days when our beloved platform was known as NoiseCash, I recall a vibrant community fueled by the generosity of BCH donations, even if artificial at times. Those days, a single post could guarantee a penny tip, and while I miss that era, I acknowledge that times have changed. The past is behind us, and now, we find…

@francis105d1

Open letter to NoiseApp (formerly NoiseCash) and ReadCash communities. https://read.cash/@francis105d1/open-letter-to-noiseapp-formerly-noisecash-and-readcash-communities-b53ecebd Embracing the Evolution: An Invitation to the CashTokens Protocol Reflecting on the days when our beloved platform was known as NoiseCash, I recall a vibrant community fueled by the generosity of BCH donations, even if artificial at times. Those days, a single post could guarantee a penny tip, and…

@francis105d1

CashTokens stands as a premier producer of irresistibly delectable hotcakes. General Protocols, a dynamic force in the crypto space, has been tirelessly enhancing the Bitcoin Cash network and elevating user experiences. Their efforts extend not only to their project, BCHBulls, but also involve collaborative contributions to the testing of decentralized games, tokens, and NFTs, such as Gurus and Furus. In a groundbreaking move, BCHBulls now empowers users to close leverage…

@francis105d1

CashTokens stands as a premier producer of irresistibly delectable hotcakes. https://read.cash/@francis105d1/cashtokens-stands-as-a-premier-producer-of-irresistibly-delectable-hotcakes-fb81355a General Protocols, a dynamic force in the crypto space, has been tirelessly enhancing the Bitcoin Cash network and elevating user experiences. Their efforts extend not only to their project, BCHBulls, but also involve collaborative contributions to the testing of decentralized games,…

@francis105d1

The centralization of Bitcoin nodes because of block size is a lie. The assertion that the centralization of Bitcoin nodes is due to block size is a fallacy. During the 2017 split between Bitcoin BTC and Bitcoin BCH, computers were fully capable of managing 4Mb blocks without the need for specialized hardware. Standard home computers and residential internet connections sufficed. Today, the blockchain can comfortably accommodate a 32Mb size without compromising…

@francis105d1

My farewell letter to the Sovryn community. Dear Sovryn Community, As I bid farewell to the Sovryn project, I reflect on my journey and the factors that led to this decision. The recent pump provided an opportunity for me to recoup my initial BTC investment after engaging in Dollar-Cost Averaging (DCA) over an extended period. While I acknowledge the potential for future gains, the uncertainty surrounding Sovryn’s performance compared to other assets prompts me to consider…

@francis105d1

Enhancing Security for CashTokens Transactions: Leveraging Samsung Knox Secure Folder. https://youtu.be/a0BSUbY7iN4?si=jdMRzIcNOfTBP5mN Bitcoin Cash (BCH) users face a challenge when it comes to securing their transactions with CashTokens, as the available secure wallet options are limited for this new platform. Often, users resort to online software wallets or dedicated devices solely for transactions on CashTokens websites. However, the vulnerability arises when these…

@francis105d1

How to protect your Bitcoin Cash and Cashtokens without hardware wallets. In the rapidly evolving landscape of cryptocurrency, protecting your digital assets is of paramount importance. While hardware wallets are a popular choice for securing Bitcoin Cash (BCH) and Cashtokens, this article explores an alternative approach for individuals with a proficient understanding of computer systems. Before delving into the details, it's advisable to read the previous article, which…

@francis105d1

@Jane I just want to let you know that Bitcoin Cash now has DeFi on chain layer one without the need of sidchains it is called CashTokens, and it already has two dexes CauldronDEX and TapSwap, as well as the current number one project Furu Tokens and Guru NFT collection. If you are still interested in BCH it would be a great value to the community if you learn about CashTokens and share your findings with your audience.