@francis105d2

@francis105d2 27 January 2023

I am going to start writing about BCH again because now I have some skin in the game. I am back, baby. That means francis105d1 in back in the game.

@francis105d2 25 January 2023

Exploring TangoSwap: A New Investment Opportunity in the Bitcoin Cash Ecosystem. Bitcoin Cash (BCH) has been gaining popularity as a cryptocurrency alternative to Bitcoin (BTC). One of the newer developments in the BCH ecosystem is SmartBCH, a platform that allows users to create and trade tokens on the BCH blockchain using a sidechain to accomplish that endeavor. One such token is TangoSwap, a decentralized exchange (DEX) built on the SmartBCH platform. I have enough BCH to try out TangoSwap, and I am considering using their BCH balance to purchase Tango tokens. I must also mention that I will not be buying Verse tokens because they are an Ethereum-first token and because of alleged issues with CoinFlex. I also will not consider Mist Token because its developer abandoned the project in difficult times. Eben token is not also considered because it is number one on coinmarket.cash. It's important to note that when considering investing in any cryptocurrency, it's important to do your research and not just blindly follow what's popular or what's number one. In the same way, I will point out that the same logic applies when choosing between BCH and BTC. It's important to understand the differences and benefits of each cryptocurrency before making a decision. In conclusion, TangoSwap is a new and exciting development in the BCH ecosystem and is worth considering for those who have BCH and are looking for new investment opportunities. However, as with any investment, it's important to do your research and not just follow the crowd.

@francis105d2 24 January 2023

My little DeFi journey Decentralized finance, or DeFi for short, has been gaining a lot of traction in recent years. It's a new way to access financial services without the need for a central authority. I've been on my little DeFi journey and I thought I'd share my experience with you. Before the CoinFlex collapse and the emergence of SmartBCH, I decided to move to Bitcoin DeFi, thinking that it would do well. However, I quickly realized that Bitcoin's high fees and the limitations of the Lightning Network made it difficult for me to use. So, I went to Bitcoin Cash and adopted SmartBCH. However, I knew that the centralized bridge would become a problem, so I eventually moved back to BCH. Thinking that DeFi on BCH worked for me, I thought that DeFi on Bitcoin would be a boom. But I was wrong, and it's been dying day by day. No one told me that Bitcoin Cash had a sidechain, so I deduced that Bitcoin would have one too. That's how I found RSK and Sovryn. Unfortunately, that project is now dying a slow death due to the developers' focus on the future instead of the present. I wouldn't recommend buying DeFi because it seems that regulation is coming for it, and that means only great fines and zero services from the government. If you want to buy DeFi, you will need to ensure that those behind the project are not US citizens and don't live in the US and that they don't sell or buy or allow US citizens. The United States is similar to the UK when the car first came out. Those who buy good DeFi projects today will have to leave the US behind, and the US will deserve to lose just like the UK did when they made ridiculous laws against the car. El Salvador recently passed a law for digital assets, which means the country is open for business. This means projects like Sovryn will do well within the country, as well as other DeFi projects. They are also going to create a "Volcano Bonus" with it and use that law. I don't want to recommend Sovryn, but I would like to tell you to please learn how RSK Rootstock works, and decide if any of the other projects that RSK offers will be a good option for you, not just as an investor but also as a Bitcoiner. I must declare that as a Bitcoin holder, you should look into what RSK has to offer because RSK is the closest you can get to being a Bitcoin sidechain. I don't think that Liquid and Stacks are sidechains. RSK has merged mining with BTC miners, and you need to hold BTC to pay for fees while the other sidechains don't. The Liquid network doesn't give fees to miners but to themselves, meaning they screw the miners and enrich themselves instead. In conclusion, my little DeFi journey has been a rollercoaster ride. I've learned a lot about the various DeFi projects and their pros and cons. I hope my experience can help others make informed decisions about their DeFi journey. Remember, always do your research and never invest more than you can afford to lose. Who Receives Liquid’s Transaction Fees? Liquid transaction fees are sent to a wallet controlled by Blockstream. The fees are used in part to pay the Bitcoin mainchain fees required for L-BTC peg-outs from the Liquid sidechain to the Bitcoin mainchain and thereby indirectly facilitate free peg-outs for network users. Fees are also utilized to manage the Liquid Federation's mainchain BTC wallet. **https://help.blockstream.com/hc/en-us/articles/900001386846-How-do-transaction-fees-on-Liquid-work**-

@francis105d2 22 January 2023

Bitcoin's mid-term technical analysis. Bitcoin's mid-term technical analysis suggests that we could be in for a bull run or at least a bear rally in the coming weeks. One way to determine this is by observing the long-term trend lines in red, which have broken to the upside. This suggests that the current bull run may have taken longer than expected. However, it's important to note that from the first top, we could hit the next local top, which would be a lower low, indicating a continuation of the current bear market. This would be a bear rally. The line for this scenario is in blue. Another factor to consider is the white line, which I left at the start of the current rally. At the moment, this line doesn't have a second point, and if it remains where it is right now, it will mark that we broke again to the upside by the low point. This may not be reliable, and we may be in an actual bull run, but it's important to wait and see if any higher low is reached between now and the previous all-time high. This could indicate a prolonged multi-year bear market. Overall, I believe the best option for traders will be to trade between $30,000 and $20,000 to make a second point and then try to reach higher numbers. It's important to monitor the market closely and make informed decisions based on the available data. It's important to note that the information provided in this article is not financial advice. It's based on technical analysis and market observations and should be taken as such. Additionally, it's worth noting that Bitcoin Cash (BCH) could also potentially make a similar pattern as Bitcoin (BTC) against the dollar. However, it will be important to observe the price action of BCH against BTC to determine if Bitcoin Cash is also in a bull run, similar to what appears to be happening with Bitcoin. It's important to always keep an eye on the broader market and how different cryptocurrencies are behaving about one another. https://www.tradingview.com/chart/7rQgNIF6/?symbol=BITSTAMP%3ABTCUSD

@francis105d2 21 January 2023

Exploring Investment Opportunities in BCH DeFi. Bitcoin Cash (BCH) is a cryptocurrency that was created as a fork of Bitcoin in 2017. It aims to provide faster and cheaper transactions than its predecessor and has since gained a sizable following in the cryptocurrency community. Recently, there has been a surge of interest in BCH DeFi projects, and one such token that has gained attention is the Verse token from Bitcoin.com. As a new investor researching BCH and DeFi, I have decided to create a mock portfolio to track the price of the Verse token and see if there are any entry opportunities. I am using the Verse token as an indicator for the entire BCH DeFi section, and I am also focusing on how the token started to try and find an opportunity. Upon first impression, I believe that the Verse token must fall at least 99% from its current price to be considered a valid opportunity. This is because the initial coin offering (ICO) price for Verse was around $0.0001, and with over 100 billion tokens in total supply, buying in at a much higher price would mean giving my money away to venture capital, or in other words, the already wealthy. It's important to keep in mind that the crypto market is highly volatile and the prices can change very quickly. Therefore, it's important to do your research and have a well-thought-out investment strategy. I will continue to track the price of the Verse token and other BCH DeFi projects to see if any entry opportunities align with my investment strategy. In conclusion, while researching BCH and DeFi projects, I believe that the Verse token from Bitcoin.com is worth considering as an indicator for the whole BCH DeFi section. However, I believe that the token must fall at least 99% from its current price for it to be considered a valid opportunity. As an investor, it's important to do your research and have a well-thought-out investment strategy before making any decisions. https://coincodex.com/ico/verse-token/

@francis105d2 19 January 2023

I am leaving the Sovryn community. I am cutting my losses with **#Sovryn** and I am stopping all activity related to **#SovrynBTC,** the token **#SOV**, and the decentralized exchange **#DEX**. I have had enough, and I wouldn't recommend the service or the token to anyone from now on. https://twitter.com/hashtag/Sovryn?src=hashtag_click https://twitter.com/hashtag/SovrynBTC?src=hashtag_click https://twitter.com/hashtag/SOV?src=hashtag_click https://twitter.com/hashtag/DEX?src=hashtag_click It is not just because of price but because that project takes good ideas instead of doubling down on what works. They cripple what works in favor of a future feature that is not proven instead of working and making sure what already works keeps on working. You could start a SIP to try to make the change, but why bother when all you can do is just hold Bitcoin and let everything else rot? Their ZeroProtocol was a success, but it was taking liquidity from zUSD to xUSD so that users could buy more Bitcoin with their loan, but that feature is now paused as result opening a line of credit is as good as waste, and a 0.5% fee. And it seems like creating an AMM pool for rBTC/zUSD is a bad idea because they want to create yet another stablecoin DLLR, and they are going to wait and paused the most successful feature of Sovryn, and bring DLLR. Instead of just creating the pool because they are saying liquidity here and there. I think they want to create that DLLR because they want to print money out of thin air, they can't print tokens with zUSD and rBTC, but they could with DLLR. I don't if xUSD is printed money as it is right now, but the fact they don't have liquidity probably points to that, as such trading anything else that is not actual dollars could become a problem. If you open a line of credit right now, you will be only able to repay your line of credit or add to the stability pool and it seems no one is willing to do that. You could redeem your zUSD into rBTC but that will come at a premium, as such opening lines of credit will only set you back 0.5% because of the fee. As such Bitcoiners will stop using the feature, stakers will receive fewer fees, and eventually, if the issue is not fixed soon Bitcoiners will just move on. I have learned that when people say they don't have the liquidity that is code for we were implementing fractional reserve and we don't have the assets one to one as such we must pause this or that activity. You can't convert your zUSD into xUSD that only tell me that stablecoin is not so stable and that liquidity issue could become a real rug pull. I am not saying this is happening or I have proof of it, but I have learned to stay away from projects that start with this just to be safe. My reputation as a writer has a price and that price is if I don't like something I will stop mentioning it. At least I have learned there are more second-layer solutions on top of Bitcoin, and I tried them and got burned. Lesson learned. I have the knowledge I gained from using LigthningNetwork not only from my LND but also from my mobile node. I could continue just holding some Bitcoin and be done with it. Probably will come back to ReadCash and Noise. the app again just to write and continue my hobby.

@francis105d2 17 January 2023

The Dow Jones as a Bitcoin price indicator. `Dow Jones easy technical analysis.` I tuned in a little bit to the Dow Jones chart. But I still believe we will be ping-ponging up and down in that triangle at least in the short term, That triangle has also created a new medium short-term bearish trend the line in blue. The red line continues to be the long-term bearish line. And the green line continues to be the long-term bullish trend line. If we are in a short-term bullish trend the price action should only go up and down between the blue line and the red line that is running indignantly—the space between the white triangle. If we are bullish in the stock market chances are that same sentiment will translate to price appreciation on Bitcoin. I hate that but now the stock market and Bitcoin seem to be correlated. Dow Jones. **https://www.tradingview.com/chart/7rQgNIF6/?symbol=TVC%3ADJI** Bitcoin. **https://www.tradingview.com/chart/7rQgNIF6/?symbol=BITSTAMP%3ABTCUSD**

@francis105d2 14 January 2023

Chivo Wallet backbone is River Financial they want 0.1 BTC to open a channel with them. It appears that Chivo Wallet utilizes River Financial as its node and, as a result, the Chivo node is private. This can be verified by observing that invoices generated by Chivo Wallet are private when input into LN node explorers. It seems that Salvadorians may not be able to connect to Chivo Wallet's node due to its private nature and the fact that River Financial only accepts channels with a minimum of 0.1 BTC. This may be problematic for those who are only able to afford a smaller amount, such as 0.003 BTC, as they may not be comfortable risking more money. As a solution, Salvadorians may need to consider using another node provider or connecting to the Wallet of Satoshi node, which appears to be well-connected. However, other custodian wallets may also raise their minimum requirements for opening channels, which could create a catch-22 situation for users who want to manage their channels and private keys. In summary, it appears that Chivo Wallet's use of a private node and River Financial's high minimum channel requirement may present challenges for Salvadorians looking to use the Lightning Network. Alternative options, such as connecting to a nearby node or using a well-connected node like the Wallet of Satoshi, may need to be considered. Additionally, the possibility of other custodian wallets raising their minimum requirements for opening channels is a concern for those looking to manage their channels and private keys independently. River Financial node. Public Key: 03037dc08e9ac63b82581f79b662a4d0ceca8a8ca162b1af3551595b8f2d97b70a 03037dc08e9ac63b82581f79b662a4d0ceca8a8ca162b1af3551595b8f2d97b70a@34.68.41.206:9735 Routing node managed by River Financial Inc. Requirements for channel acceptance: * Minimum channel capacity is 0.1 BTC * Public key is added to our allow list. More information: ln.river.com

@francis105d2 13 January 2023

If you are buying Sovryn right now. Can you see or read the difference? **If you are buying Sovryn tokens right now.** Bitcoin at some point had a very low valuation**,** and it was only over time that the price gained a bit in the start, you were subject to big swings, but I didn’t experience those swings because I was not around at that time and that is okay because at least I saved up that torture. Bitcoin before 2013 was a nightmare and so it will be for Sovryn. Sovryn has only a 100 million total supply which means eventually all tokens will have an owner and that owner may or may not sell, but the limited supply is present. If I am not wrong Sovryn token has only been alive for 24 months or so which means competing with Bitcoin we are in 2011 at this point. So it would help if you tried to find a chart of Bitcoin that goes before 2011. If you hold 1000 Bitcoin today you are holding a small fortune, that same thing will happen if you are holding at least between 1000 to 5000 SOV. If you invested around $15k around 2011 and 2013 you would have bought at around $12 a Bitcoin now that Bitcoin is at $19k that is a hell of a bargain. Bitcoin is becoming a reserve asset, and with LN it is becoming money too, but you will need financial tools in the future at least until fiat currencies are relevant, and they will be as long as the government can kill you or put you in jail, so financial tools are a must. Those financial tools will be built using second-layer solutions just like LN. As such Rootstock as long as continues as it is right now will have a chance to be recognized as the ideal sidechain to Bitcoin, in a work on top of the Bitcoin solutions world. Those that hold Bitcoin right now will tell you to not invest in anything else because they only know about Bitcoin and are investors that became rich just by holding but never understood the world around them also because probably they have the mentality I must buy first before everyone else, and they also fear the competition for liquidity. Not to mention people fear what they don’t know, look at financial TV shows it seems they always get it wrong, not just because they have an agenda but because no one knows the future, that includes me, but at least I am open-minded and ready it give it a try even if it fails. A decentralized exchange will be a tool for both the future and the present, and Sovryn is adding more to the table. Zero-interest loans are a must, real decentralized stablecoins, and maybe even a highly centralized bank solution that may get legalized using El Salvador as the country base. The point is as long as you have to use fiat, and you have actual borders DeFi will be a thing, and I don’t think that central governments and banks will ever stop using and emitting fiat if nothing more they will bring it to cryptocurrencies before giving that control to the private sector. And if that is not enough, you can always jail and kill people. So the best is to coexist with them. Bitcoin will be the primary asset, Lightning Network its currency, and Rootstocks its DeFi environment. Sovryn as dex will bring more utility in the future not just to Rootstock but to Bitcoin as an indirect way to use your satoshis to bring more financial freedom to yourself by investing with your own money and without having to pay killing interest to third parties like banks. Sovryn is in the 2011 phase right now but that will soon change once years pass by, and in 3 more years will be in 2015 or so and that means SoV will go the way BTC went. In 2011 you could get Bitcoin at $10, in 2015 you would need $1000. Today you can get Sovryn for $0.22, in 3 years that could be $20 or more. Sovryn is not just a dex, but an actual protocol that is producing more financial freedom for those willing to seek and risk it. **Can you see or read the difference?** If you are buying Sovryn tokens right now, it is important to keep in mind that, just like Bitcoin, Sovryn's value may experience significant fluctuations in the short term. However, it has a limited supply of 100 million tokens, which means that eventually, all tokens will have an owner. The limited supply of Sovryn may be an attractive feature for some investors, as it may indicate that the value of the token could potentially increase over time. It's worth noting that Sovryn is a relatively new token and has only been around for a couple of years. This means that in terms of competition with Bitcoin, we are currently at a similar point as in 2011. This is an important consideration when thinking about the long-term potential of Sovryn as an investment. Holding a significant amount of Sovryn tokens, similar to holding a significant amount of Bitcoin, could potentially be a wise investment decision. For example, holding between 1000 to 5000 SOV could potentially be considered a small fortune. It's worth mentioning that investing in Sovryn, as well as any other investment, carries risk and it's important to do your research and invest only what you can afford to lose. Rootstock, the blockchain on which Sovryn is built, has the potential to be recognized as the ideal sidechain to Bitcoin, working on top of Bitcoin solutions. The platform's decentralized exchange (DEX) and added features such as zero-interest loans and real decentralized stablecoins, bring more utility to the ecosystem. It's also worth mentioning that as long as fiat currencies and physical borders exist, decentralized finance (DeFi) will have a place in the market, and governments and central banks will continue to use and emit fiat currency. Bitcoin will likely continue to be a major asset, with the Lightning Network being its currency, and Rootstock providing the DeFi environment. In conclusion, Sovryn is not just a DEX, but a protocol that aims to provide more financial freedom for those willing to seek and take the risk. While it's in the 2011 phase right now, as the years pass, it could potentially reach a similar point as Bitcoin in 2015, where the value of Sovryn could increase significantly. It's important to keep in mind that past performance is not indicative of future performance. Always do your research and invest only what you can afford to lose.

@francis105d2 22 December 2022

Here are the developments happening within the Bitcoin Core ecosystem. Bitcoin will be a full-feature decentralized financial system that works on layers on top of layers as a union looks like. Bitcoin layer one has only 1MB blocks, which means it can only process several transactions on layer one and, as such, the invention of second layer solutions was invented. The first, second-layer solution is Lightning Network, which enables small payments and fast transactions with a very small fee. But now we have even more solutions one of that solutions is Rootstock which in short is an EVM-compatible sidechain that works on top of Bitcoin, not to compete against Bitcoin but to complement it and bring more utility to it. Not only Rootstock uses Bitcoin as the native asset to pay for transactions but also it has merged mining so that Bitcoin miners can have a second source of revenue. Those fees that users pay are used to pay for transaction fees to reality decentralized transactions utilizing smart contracts and in my opinion, the real DeFi will be the one that will run on top of Bitcoin and will use Bitcoin as its native token. Rootstock will indeed enable the creation of many tokens, but it will be up to the reader to do their research to make sure investors and regular users seeking to invest their satoshis invest their money in tokens and projects that have actual real utility. Rootstock will enable meme coins to exist but it will be users who decide if those memes are worth their satoshis. Sovryn is a decentralized exchange (DEX) that is running on Rootstock and it is a utility token because it allows you to vote if you stake your tokens and receive revenue from the DEX. The revenue stakers receive is not just printed tokens it is actual utility because it is the fees the DEX collects every time users decide to do a trade using the features the DEX offers. You can now have a zero percent interest loan utilizing ZeroProtocol and only pay a commission of 0.5% which will only be charged once for a loan, once the loan is open you don't have to pay any other fees no matter how long your loan stays open. The risk of Zero Interest Loans is that your loan could get liquidated if your collateral reaches 110% of the total of your loan. Taro is the next development that Bitcoin is having, and those that are producing that tool are saying you will be able to use stablecoins, I must remind you that those stablecoins are highly centralized, while the dollars you get from Zero is a dollar that is emitted by the smart contract and is based on the price of Bitcoin at the moment of opening the loan. And that dollar I will call ZeroDollar, will be backed by Bitcoin. ZeroDollar is a stablecoin worth the Bitcoin network and I think that once Taro is open that dollar will be superior to any stablecoin emitted by any centralized entity. Not to mention ZeroDollar is not the only decentralized stablecoin, we also have DollarOnChain or DoC which is another stablecoin that is decentralized and backed by Bitcoin. So Taro will have better stablecoins DoC and ZeroDollar those stablecoins will be created on Rootstock using a smart contract, and Lightning Network will be another network on top of Bitcoin all will be bridged using decentralized bridges too. Mind you this is not a development that includes other altcoins it is just a Bitcoin thing. Please don't kill the messager I am just writing what I know is going on within BTC. Learn to utilize Bitcoin and its features in a decentralized manner. https://read.cash/@francis105d2/learn-to-utilize-bitcoin-and-its-features-in-a-decentralized-manner-ee74f090

@francis105d2 20 December 2022

A warning to Bitcoin supporters. The devil pays badly to those to serve him well. I don't know if you have noticed that one of the biggest bitcoin supporters has been talking about ERC20 tokens as securities, and since so energetic about it, at times he just seems to wonder why the relevant agencies are not taking over and seeing all cryptocurrencies projects. The reason is very simple; the future is not money as Bitcoiners want to paint it. No one knows the exact picture because that is the nature of the future and it is uncertain and past results don't guarantee a certain future either. Bitcoiners like to paint the picture in which they and their asset alone will win everything and they will not need any other network besides Lightning Network, and they go far and do not even support their sidechains that are right now trying to bring more utility and usage to the main layer. I am speaking about Rootstock which in my opinion is the first sidechain that supports the Bitcoin ethos because it is not trying to create an additional asset to pay for transactions and also is trying to bring more utility to Bitcoin by using bridges to link the two networks, not to mention they are also supporting Lightning Network so that both store of value narratives and digital currency can convert in a single point which will also be a third layer that works putting all the chains together. And yet Bitcoiners don't support those kinds of projects. It is as if like Bitcoin Cash supporters were not happy with SmartBCH and would fight it at every chance. The reason Saylor calls for regulations and Bitcoiners not supporting development that will bring more users to their network as a whole is that both fear the rise of other projects other than Bitcoin, and they fear that those decentralized projects that both Saylor and Bitcoiners attack will end up eating away at Bitcoin marketcap because they bring and generate more utility besides sending satoshis to a coffee shop. They fear a token getting popular because people realize that they can't rely on centralized parties like Coinbase, Gemini, Binance, and many others as such users decide to adopt a decentralized exchange, and probably other users may realize they can exchange their money for that new token that provides a source of income because it pays stakers real fees, and not inflation. I am talking about Sovryn which doesn't pay stakers from inflation but real usage. Not only that they fear other projects taking over the marketcap of Bitcoin, but they are also using the government to fight cryptocurrency projects using outdated laws like securities laws in the United States that are probably older than mine. Sure those securities will disappear from the United States and will just go to other nations but the competition will still be here somewhere what won't be here are those willing to fight the Bitcoin case once the United States is done with those it can reach and start to look to Bitcoin to regulate it out of existence. People that are short-minded think that once the government is done regulating everyone else out of the United States bitcoin will be left alone but that is far from the truth once you are alone and the bigger one and once those that could be willing to fight for you are gone than at that moment the United States will turn its head around and go against you. Those Bitcoin supporters don't seem to recognize that those that do a good job for the devil get the worst compensation. The devil always pays badly to those who serve him well. Let it be a warning to those who think working with the government to regulate others out of business. I would recommend watching what happens to SBF because probably he was trying to do good work for the government or at least buy some politicians and will get also his reward soon.

@francis105d2 19 December 2022

The Federal Reserve hikes could drag everything to lower valuations. I think that Bitcoin will follow what the stock market does in 2023, and I do think that the stock market will be influenced by what the United States Federal Reserve does about increasing or decreasing interest rates. The government, with the blessing from central banks, printed tons of fiat money during the pandemic and now they are trying to solve the inflation they caused, and now you have central banks increasing rates to the point that the Fed has increased rates to historical levels. I live in the United States so that is the inflation I know about and the Federal Reserve is the bank that prints my local currency so that is what I will write about, I am pretty sure your local banks will do something similar. Inflation in the US is 7.1% and the Federal Reserve wants to bring that inflation down to 2%. The current Federal Reserve interest rate, or federal funds rate, is **4.25% to 4.50%** as of Dec. 14, 2022. On Dec. 14. But previously it increased rates by 0.75%, and because of that inflation came down from 9.1% to the current level of 7.1%. Probably in 2023 the Fed will have to increase rates until either inflation goes down or something major breaks in the economy and at that point, the Fed could be forced to slow down otherwise they could risk destroying the whole market. Bitcoin and cryptocurrencies that are not inflationary have mostly existed while central banks were printing money, and it is the first time we have a scenario where Bitcoin exists and the central banks are actively trying to reduce inflation by increasing rates. Bitcoin was built to help regular users fight inflation but we are in a deflationary environment right now and probably will continue next year at least for the first 6 months. The overall outlook is bearish for the stock market and so-called on-risk assets like stocks, houses, and cryptocurrencies. Pretty much right now fiat currency is king. Now at some point, central banks will have to stop the rate of increases because something went wrong in the economy or because inflation came down, but at some point, assets will regain their previous values and as such while the bear market last investors will be looking to invest their money and plant the seeds that will flourish in the next bull run. If interest rates could slow down by mid-2023, the current bear trend could break but it seems that the Federal Reserve needs to at least increase rates by some 1% to 2.5 in total in the following meetings, which means the downtrend line in blue probably will break because the market is pricing more pain. So the next patterns that could support 1% to 2% increases are the inverse head and shoulder and at last resort a triple bottom mark in the red line with circles. Those two patterns are bullish but both will play out in a bear trend that is at least one year old and could indicate that the markets are pricing in a 5% to 6% base interest rate. But we will have to study what the rate of inflation is when the price reaches those points. What I am saying in short words is that the worst-case scenario could be that we get 6% interest rates, and the Dow Jones could go and make a triple bottom, going below that will mean that inflation is a harder problem than previously believed. So it is my worst case and I don't expect things to go that bad. Now I do think cryptocurrencies will follow soon after the stock market and as such I could say I expect BTC to go below $10,000, and for Bitcoin Cash to go below the previous all-time low of around $80.

@francis105d2 18 December 2022

Some mobile phones I have used in my life. A reflection for crypto? It was around 2000 when I first got my first cell phone which at the time it meant that you were at least middle class but I must say that not everyone had one; it was my days in high school back in the country where I come from. My first cell phone was a Motorola Startac, and I only used that cell phone for emergencies only or important things. I do remember that since cell phones were not that hold in the country a single minute cost $0.35, you could recharge $1 but you knew that dollar will go as water the moment you use it. When I came to the United States my first cell phone was a Nokia, and until now I do remember that phone as a brick because that phone could drop many times and nothing will happen to it, at most it will just spill the battery out but it would go back to functioning the moment you put the battery out. But even when I came to the United States cell phone were used for important things, and you would still have to pay for minutes, but on those days the nights or weekends were free. A few years later, I got my first smartphone which was a Motorola Q, and that phone had internet, messaging, and regular phone calls, it was still basic functionality with today's functions but in my opinion that was the beginning of the end for privacy and much more because now those cell phones have become personal computers in the go, and connected always. I do not remember when I bought my first Android phone but I do remember it was a Motorola Droid, and with that phone, I had a plan that was contracted with some 700 minutes to talk and unlimited nights and weekends, but soon after I got upgraded to better plans, and that was the first and last time that I used a post-pay plan. After the contract with Verizon, I never went back into contract cell phones and since that time, I have been using only prepaid cell phone plans. At first, I love to have everything available in the go back as I got old I have been using less and fewer resources on my phone because now that I can do everything on a smart cell phone I am trying to back into using a cell phone just for emergencies, and for the things that are important the most. I do believe the invention of the cell phone and later on, the smartphone has changed many lives, and I am pretty sure that new generations will enjoy the perks that a mobile life offers but I am also aware of the downsides that smartphones brought those being the lack of privacy, the fact that you can be reached at any time and location, as well as an overwhelming abundance of information, and I am not talking just about the news but information about celebrities and other useless kinds of information. So if you one day feel like you are inside a bottle when it comes to using your cell phone or if at one point in your life you feel like your cell phone owns you, instead of you owing your phone, remember you can always put it down and turn it off. Other than that I will tell you that the benefits of a mobile life are heavier than the downsides and as such, I continue to use a cell phone every day just that now I am coincouns of how I use it and why, and from time to time I limit the usage of it. I must add that when I started using android I already had a Gmail account so to me setting up the android device was as easy as any other phone, and I guess the next thing I will write about is the invention of email and how I came to use it and probably again another short history about it. I believe that email and cell phones have provided a better life for people, and I do believe that cryptocurrencies will provide more benefits to society than what we can imagine now once all the in-between fighting among projects is done and gone. I bet in a few years we will write articles like the one I just wrote about cell phones but about cryptocurrencies in a few years once cryptocurrency becomes as spread as regular everyday email.

@francis105d2 17 December 2022

The macro-economy for 2023. Inflation went as high as 9.1% in the United States if memory doesn't betray me, and as I write this article inflation is at 7.1%, the Fed has increased at least twice to 0.75% which is what did the job of bringing inflation down. For 2023, you should expect at least 10 meetings and Powell said they are willing to continue increasing rates until inflation gets under control, and that is the reason why the market is going down this week. But the devil is always in the details. If the Fed must increase rates at least twice next year to 0.75% and another 3 at 0.50% and probably the other 5 at 0.25% that will be the worst-case scenario and that will mean assets like stocks will go down, and houses too because interest rates for borrowers will be through the roof, the total increase could be around 4.25%. I don't think that will happen. A mild case will be where only 3 increases are at 0.50% and the rest at 0.25% without any flats or reductions. A soft landing will be where the fed only increases rates to 0.5% two to three times, some 4 at 0.25, and the others 3 keep it flat, that will be the best scenario for stocks and assets because in the three scenarios inflation gets under control by December next year. If the Fed tries to lower interest too soon it may affect negatively the whole market because inflation could go up and bringing it down could take more effort and bigger increases, so it is better to continue increasing once they have started so that they reach their goals sooner. The short answer is the United States Federal Reserve will continue to increase rates for 2023 and that means that assets like houses and cars may get a price reduction, and probably stocks like assets may see a price decrease too, and that includes cryptocurrencies across the board. Bitcoin could try to do its own thing and decouple from the stock market but since a lot of the big traders that trade Bitcoin also trade stocks their sentiment will affect the whole cryptocurrency market and as an extension of that Bitcoin Cash too. If I am not wrong BCH is only about $20 to $30 away from reaching its previous all-time low so the macroeconomy could still affect it and make an even lower low if the whole economy goes down because of the Fed, but the silver lining could be that those who were holding the supply are already gone and done and don't have anything else to dump to the market and maybe this time BCH could become an outlier. I have been using lately the Dow Jones chart as an indicator for Bitcoin because I think that Bitcoin may follow the stock market next year too, and unfortunately, I also believe that as long as Bitcoin remains low and influenced by the macro economy altcoins like Bitcoin Cash won't pump and if they do it will only be to provide exit liquidity for big whales. Bitcoin Cash has two needed features or tools, RainCash and NoiseApp both will become useful for users and probably there is more coming (I forgot the name of those but something about any hedge or something like that) but even with all that development, you can't ignore what is going on around you. But those tools could play an important role in the next bull run. I guess the essence of this article will be to have some fiat set aside in case you see buying opportunities because of current market conditions, and if not, just save the assets you already hold without panic selling.

@francis105d2 27 November 2022

Is the bear market about to end? It has been a while since I don't write articles at all because I was having fun watching all markets worldwide go to hell in a handbasket. So I was enjoying that freak show and getting every ounce from it. Bitcoin is considered by many a hedge against inflation, so when central banks worldwide start to increase interest rates, Bitcoin and many other limited supply altcoins like Bitcoin Cash will suffer because Federal Reserve banks will try to fight inflation by rising interest rates. There is the deal the United States stock market has been in a decline for at least 6 months now because the United States Federal Reserve has been increasing rates and as such those that hold assets decided to sell and move their assets into the US dollar at least until inflation gets under control and the Fed eases the interest rates or even stops and starts to decrease them. Lately, the market is starting to go up and actually in my opinion broke the downtrend that it was having since December 21, 2021. And it doubled bottom on October 13, 2022. Please look at the chart to understand what I am saying and observe the trend lines in the chart marked with a blue color. I think that even if the Federal Reserve increases interest rates by another 0.75% that the market won't break the current bull trend, and if it does go and hit those levels it will just create an inverse head and shoulders, and that pattern to me will be a bullish signal. If I am not wrong CPI numbers are coming down, at least that is what those who report those numbers are telling us. The last report came at 7.7% if, on December 14, 2022, we have a lower number than the previous report the Fed may start to get doveish rhetoric and probably even only increase it only up to 0.50% and wait and see what next year's results will be. Many economy experts are saying that the CPI report will come down at least some 0.2% or better prompting the fed to just increase up to 0.50%. If inflation starts to get reduced and central banks don't increase rates that high as before or even start to decrease within the next year we could see assets like Bitcoin start to take a hint and start going up. Now the moment inflation numbers climb again this whole theory will be thrown down the window and we may even continue the bear trend that we were having some six months ago. If you still have more fiat and you are a cryptocurrency investment and better yet if you invest into Bitcoin Cash today it could be a great buying opportunity because you are buying low, but I wouldn't recommend going all in at once but just between 50 to 90% of your available cash, and leave the rest in case the inflation numbers go higher on January or February because people were expending around the holidays. This article is not financial advice just my opinions.

@francis105d2 20 November 2022

Learn to utilize Bitcoin and its features in a decentralized manner. You now can do everything with Bitcoin when it comes to financial freedom. You can trade, swap, lend, and borrow all financial activities using just Bitcoin from either layer one or layers on top of it. If you want cheap transactions for small transactions like buying a cup of coffee, you can use Lightning Network by opening your own LN channel, which will be involved in creating your channel. But you could also win your channel by playing games like Sarutobi, asking members of the Bitcoin community to open a channel to your node. And the last form is by outright buying incoming channel liquidity from a Lightning Network provider. Or the last form which I don't recommend is using any LN custodian wallet like the Wallet of Satoshi, ChivoWallet, and others. Running your LN channels is not that hard once you are willing to learn how to do it. I have run mobile nodes, full clear net nodes and even Tor nodes is just a matter to want to learn, and I have used custodians too. Mind you I don't leave funds sitting there for much time. You could also use custodians in Lightning Network to exchange from fiat to crypto or vice versa. And once you have your funds clear move funds to your channels or even to a sidechain called Rootstock utilizing bridges from LN to rBTC. You can also use BISQ to get in and out of fiat and use Rootstock as your default DeFi network and only go to layer one for long-term savings. You can use decentralized exchanges like Sovryn to trade, swap, lend, borrow, and much more and all without having to surrender your private keys. The easiest way could be to just use layer one but at times you may need more sophisticated tools that are when you will have other layers on top of layer one to do all the economic activities that you may wish. Sovryn as a Bitcoin decentralized exchange is a feature and also a protocol because it allows you to trade real decentralized stablecoins that are backed by Bitcoin itself instead of a third party like USDC, USDT, and others. And I would say that DollarOn-chain and ZeroDollar are better than even DAI because those last stablecoins are backed by Bitcoin instead of any other altcoin. You don't need to just trade against decentralized stablecoins but also against other tokens that have a real utility behind them and are not just meme tokens without any clear usage utility. You may have heard that Bitcoin is slow and that its technology is behind others but the truth is that Bitcoin layer one itself has not been modified to maintain its security other networks are being built on top of Bitcoin that will work as second layer protocols and at times as sidechains but in the end, it will be all a single network capable of doing more than just interchanging value but moving all financial activity on top of the Bitcoin.

@francis105d2 15 November 2022

It has come to pass. CEXs going under the rise of DEXs is starting. Centralized exchanges left and right is going under because for some reason or another they don't hold customer funds one-to-one. One probable reason for that is that businesses like FTX were using customers' funds to trade with leverage. Many of those exchanges provide yield services to customers too, so those that administer those exchanges are an incentive to gamble with customers' funds to give the yield they promise. Many times, those that help those funds don't apply risk management to their trades because they are not regular and as such, those people can do what they think is right, which in the end turns out they were wrong and lost customers' funds. The point is, if you let someone else administer your wealth, that someone else will administer your wealth to his pocket by either using direct methods or indirectly, but in the end, you will lose your money one way or another. I am sure I am not the only one that has wrote not your keys, not your crypto, using exchanges as wallets, in the end, has a great potential for ending badly for the consumer while the administrators of those services flee to jurisdictions without extradition agreements with other nations and in the end even hackers that managed to infiltrate a falling institution. Regardless of the cryptocurrency asset you may like or are invested in, it is always good practice to move funds into private keys that the customer controls. If you want to invest in exchanges only do it if they go public like Coinbase instead of buying any token emitted by it, and that includes Binance tokens. The moment Binance goes under so it will its token and its centralized sidechain as well. If you want to invest in infrastructure the best way will be to do so with decentralized exchanges, if they run on a truly decentralized first-layer network or sidechain. If your sidechain has a weakness that decentralized exchange will suffer any issue the network it runs may have. But if the dex goes under because users start to withdraw and not use the features a dex may offer your token will lose value. The current situation going on in the whole cryptocurrency market could have been avoided if users realized that centralized exchanges are not wallets and that exchange tokens emitted by an exchange is not an asset but a security disguise and prepared to mislead investors because the way a centralized exchange should have a token is by registering it as a security and play by the rules. Even decentralized exchanges could be categorized as securities in the future, but if your dex is decentralized in reality and not just in words that regulation or declaration will be as useless as a dog barking in the sky. I think that probably people now will start to try to use more and more decentralized exchanges and that most layer-one projects will add sidechains that will enable the usage of decentralized tools to trade, borrow and lend. Bitcoin and Bitcoin Cash both have their sidechains and I will say that it will be better to trade and hold your funds within your keys than to see it all taken away by corrupt people like the owner of FTX and probably even Binance in the future. I don't care what cryptocurrency you may hold just make sure you hold your satoshis within a wallet you and only you alone have access to the private keys, and if you hold funds in centralized exchanges to withdraw your funds to your wallet even if that exchange is not in trouble just yet, that includes Binance, Coinbase, and Gemini before you may regret it because any CEX can go under at any minute.

@francis105d2 30 October 2022

The death of altcoins. Clickbait. You may think that Bitcoin can do what other altcoins do will mark the end for altcoins and that at some point in the future, Bitcoin may end up eating the whole cryptocurrency market cap and absorb once again over 90% of it. Bitcoin indeed has Lightning Network to help it with small transactions, and now some developers are building side chains. A side-chain is just another network that utilizes the same asset as Bitcoin because the native asset is equal one-to-one, and you use that asset to pay for transaction fees and to reward Bitcoin miners at the same time if your side-chain is merge mining and has that functionality. There is RSKsmart which is Solidity compatible which in short means that it can run what Ethereum can run because both networks use the same programming language, and Liquid uses a new programming language as such developers must start from the beginning because the difference on which projects were written, and other altcoins that have some sort of peg with Bitcoin but don't utilize Bitcoin equivalents to pay for fees and use cases in the sidechain an example of this is Stacks. And even when you can run second networks on top of Bitcoin and those sidechains do what altcoins do the underlying issues Bitcoin has in the first layer remind there which is transaction fees. More transactions may occur on those second-layer solutions but in the end, you will need to settle on layer one if you want to hold the real Bitcoin BTC, and that is where the bottleneck will always happen. Lighting Network is trying to solve the issue of small transactions in terms of value and the transaction fee that Bitcoin requires to remind decentralized, but many users don't desire to open their channels not just because there is a knowledge gap to entry, but also because you need to lockup prefunded channels or you need to have money and spend that money to receive funds. Some node operators are offering prefunded channel services or incoming liquidity but they do so for a fee and also since you are already in their hands using their nodes they can charge you a higher routing fee. In general Lightning Network ends up being another fee market just like in layer. And those who don't know to run a node, nor have enough money to pay for incoming channels may end up just using custodian which in turn it affects the security of all users of the network because it centralizes the network into hubs and because it opens the door to issues like custodians miss using users funds or outright stealing them. Sidechains may offer more transactions for the same fee or even lower fees but eventually, that same sidechain will reach its limit because they all work the same and store data in the blockchain, and soon enough that sidechain will end up needing yet another Lightning Network solution on top of the sidechain or something similar to process all the transactions users may bring. If altcoins are already other networks and they are already running their data you wouldn't need a sidechain, and you wouldn't need networks on top of networks if Bitcoin was allowed to grow on layer one and just increase the block capacity as technology advances not just on hardware for the regular household but business too. That is why Bitcoin BCH is a thing because you can do all the peer-to-peer transactions on layer one, and any other sidechain on top of it will not suffer the bottleneck of small blocks, so I would say altcoins in general are here to stay, and Bitcoin Cash is here to be an eye soar and a reminder that Bitcoin can scale on-chain and in layer one.

@francis105d2 28 October 2022

El Salvador needs to exercise the 87. Insurrection against Nayib's government with the constitution. I am from El Salvador and I am exercising my freedom of speech from the United States with the bill of rights this nation grants, and as well as a Salvadorian who is free to speak his political opinion regardless of who is in power or sitting in the three branches of the Salvadorian government. I called for the insurrection and exercise of the Art 87 of the Salvadorian constitution but I must also add that I don't call for an insurrection with guns and bullets, but one that is more effective at removing dictators from power and bringing them to justice. Nayib Bukele and his government partners have enough congressional representatives to vote and amend the constitution because they have enough deputies to change, amend, or modify the constitution. And as the constitution is written today, he doesn't have the right to re-elect himself as a president that has been already in power. As such if Nayib Bukele wishes to run again for a second term he needs to change the constitution. He has enough votes to do it and that way he would advert any criticism from the opposition because the Salvadorian people gave enough votes to the Asamblea to make those kinds of changes. If he modifies the constitution to allow for a second term and the Asamblea votes in favor he will be lawfully re-reelecting himself. But changing the constitution will mean that the new modification will have to establish the number of times he will be able to legally re-elect himself to run and could also add more modifications to make sure he can't run for more than 2 terms. Changing the constitution will mean that deputies will have to make sure they implement limits on future elections, and could even add more limitations like removing the possibility for immediate family members from previous candidates to run right after the previous candidate's term is over, which means that we will not be able to add family members as a way to extend his control over the government. If Nayib Bukele violates the constitution as it is right now for a second term, he could apply the same logic to a third term and forever. The Salvadorian population has the right to be right for a second time, but a third term and forth always end up with dictators staying in power and killing the opposition just before elections like all other dictators already do. Nayib Bukele should change the constitution to allow for lawful reelection but that modification must be done so that it doesn't allow for perpetual reelection and that limits the terms to two times, just like the United States does. If Nayib Bukele doesn't respect the constitution and doesn't modify it o allow for his reelection even when he has the support of the Assembly is because he is not trying to stay for two terms but for life and would like to violate the laws as they are so that his power is not challenged. The population has the right to insurrection to remove a government, but if he having the support from deputies doesn't wish to change the constitution he should be tried in a court of law as a criminal and be given the maximum punishment, not just for violating the constitution but also betraying the nation, and his punishment shouldn't be less than the death penalty. Nayib Bukele El Salvador has the right to be right, but it must do it lawfully change the constitution to allow for a second term, not just for you but for future candidates or let the same constitution judge as a traitor and gives you the maximum penalty for your transgression. Nayib you are doing good to El Salvador so far, so make the change and make it right otherwise the same constitution will judge you for not making the needed changes you have the needed votes to make your re-election as clear as water by modifying the constitution. The real insurrection will be by pressing charges in a court of law against him for violating the constitution. Civil war, bullets, and guns are not the answer the real answer is to bring charges to his government because he is not above the law and has the obligation to answer to court summits. With this article I wrote, I may end up in the Salvadorian government's list of people to kill.

@francis105d2 28 October 2022

The slow decay of Salvadorian society. President Nayib Bukele announced a few weeks ago that is going to reelect himself again despite the constitution not allowing it. He will bend the law if he must continue in power, and you can bet that people will vote again for him, and the problem will only be just slightly apparent once they discover that he is running for life on an ever-ending circle of 5 years at a time. But by that time it will be too late and power will be much concentrated so much so that he could become the only candidate to run in all elections, just like many dictatorships already do. The people are content with the new president because he is attacking the gang's problems and putting them in prison. Gang members were and are not angels at all they are criminals with offenses that certainly call for capital punishment, but even if a gang member was the evilest person that person still deserves to be treated as a human being even when he didn't give that opportunity to his or her victims. Even monsters deserve a fair trial and deserve a chance to defend themselves and they certainly deserve whatever punishment the law may offer them, but still, they are humans. Salvadorians want and feel happy that gang members are suffering inside prisons and some people publicly admit that they should suffer even more for the damage they did in the past, the problem is that way of thinking is not thirsty for justice but instead a thirsty for revenge, and want to be dictators will exploit any chance they may get into summiting a population to deactivation of human rights as well as indifference in the poor treatment of other human beings. Dictators want to make sure that the population loses their sense of humanity because they want to stay in power forever and want to make sure no one challenges their position, and if someone dares to do so they are made an example by giving them the most punishment that the population allows. In other words, what Salvadorians are allowing to be done to gangsters today that same allowance will be made once they try to protest the future dictator that is now openly trying to take the whole of the country. I must declare that I am not a gang member, and I do understand the evil they did in the past, but I also understand that revenge is not justice, and I also understand that dictators will play with the population's emotions, and will enact laws that at first will seem reasonable just to later discover those laws were enacted too to prevent any protest in the future once a dictatorship is known and in the open and for everyone to see and understand. Hopefully, enough people will understand what I am writing and will demand justice for the gang members already in prison as well as their victims by passing judgment and being as humanly as possible. Without having to desensitize society to violence from the government to citizens who already can't do anything to protect themselves because they are already in prison and without freedom.

@francis105d2 18 October 2022

My current thoughts on some dexs in SmartBCH. I just started joining back in all the relevant #telegram channels and groups about #BitcoinCash, #SmartBCH, and some of the tokens inside the side-chain. I am joining them again because I want to find out what developers of the #BCH community are working on, and what good news I can find not just about Bitcoin Cash but as well as developing news inside SmartBCH and its tokens. Verse token will launch on Nov 1, 2022. Now I am wondering what that will mean, not just for investors but for the whole SmartBCH and BCH network. The issue of CoinFlex and recovery is still ongoing and we know that they will sell the BCH held by Coinflex. And to tell you the truth, I think that those buying the Verge token may get bamboozled because those funds could be used to pay for other things instead of developing the new dex. RogerVer has been a nice guy for all I know but I can't trust him with my money on projects that his companies may start, not even if that means his new adventure is separate from any other of his other projects. I fear that the funds collected from Verce could be used to pay up for the Coinflex issue instead of paying for the development of the new projects. That action is called embezzlement. So I will only invest in any other SmartBCH token once the bridge is fixed, and I will only invest in Verse once I know that Roger Ver did no wrong concerning Coinflex and SmartBCH. I have monitored the development of MistSwap, TangoSwap, and BenSwap. I left SmartBCH one year ago, it has been one year and the only difference between those dexs is that TangoSwap added limit orders or an order section to the dex, mind you that feature took at least one year to develop. Mistswap the developer is also working for another chain which means their time will be split between many other projects, those that serve two masters soon or later that servant will fail one of his masters. I didn't find anything new about BenSwap but that exchange I sincerely don't like it so I wouldn't invest in it even if I had the money. I guess it is my issue to only invest in the underdog instead of the sure thing. Conclusion. I will be observing four dexs in the order in which I write them: TangoSwap, MistSwap, Verse, and Benswap. I will only invest in them once I have a clear answer of when Sha-gate goes online or something similar to a better bridge something like or equal to a multisign bridge meaning that you will need more than 5 signatures to move funds between SmartBCH and BCH. And on Verse, I will only invest once I have ways to prove funding won't be used for other endeavors besides and only for the Verge project.

@francis105d2 12 October 2022

My investing journey update. I have abandoned or am in a hibernation process on the Sovryn project and won't go back to that project until March 1, 2023, because I am waiting for an OG whale to dump all of their tokens since a single whale is the one behind the price collapse of the SOV token from around $40 to current price $0.38. I won't sell what I hold. I have decided to write off that investment as a total loss and move on and start all over again, and now I will have to invest out of my pocket and start a new investment portfolio and that means that I must work for fiat currency and save up that currency to buy my next investment holdings. I am not going to hold Bitcoin or any LN funds either because I just don't feel like having and holding Bitcoin BTC will bring any benefits to my life, I still believe transaction fees will become an issue at some point in the future I just don't know exactly when that may come to light for everyone worldwide to notice. I am still active in the NoiseCash and ReadCash community but I don't hold any BitcoinCash at this point either, and I am still a little bit bitter about SmartBCH, so I guess I will cool off for a bit, and make up my mind to see where I will proceed and how I will execute my next adventure. So far 2022 has just been a fiasco and that is expected of a year where even the stock market has collapsed and central banks are raising their interest rates and breaking whole economies in the process. Losing money is part of life and it is the risk on which investors gamble when investing in speculation assets and new emerging economies but as long as only money is lost you have lost nothing because money can always be made back with a little bit of hard work and dedication. Conclusion. I am cooling my head off a bit and emerging my head on real life or I would say life outside crypto and in the meantime while I stop caring about my crypto investment and writing it off as a loss. I would think about how I will proceed next with my next investment and how I will get the funds to continue my investing journey and how I will put my money to work. I have been researching other crypto projects like Monero, XRP, and Hive, but none of them ring a bell like peer-to-peer money that can be used as hard virtual money and a financial tool with other capabilities like DeFi sound on Bitcoin.

@francis105d2 4 October 2022

Sovryn DEX Bitcoin's lending pool in the dex has been exploited!! The Sovryn DEX website is under maintenance because they are trying to fix an exploit detected on the rBTC lending pool. If the hackers are sophisticated enough, they won't need the website to interact with the contract and drain it. They won't need fast BTC either. If they have their own way to interact with RSK and Sovryn pool lending contracts, they can kiss those funds goodbye. Now if they use the PowHSM bridge and the funds don't end up on layer Layer 1 as stolen funds it will mean the whole RSK network is centralized as hell and you got bamboozled into believing it was decentralized. I expect the FastBTC bridge to be 100% centralized but not the PowHSM. I expect the interaction between the smart contract to be possible without the website. If those funds are seized it will only mean Sovryn is not decentralized at all and just pretending to be. Developers now have a hot potato in their hands and we must ask for details once the results come in because if the attack gets stopped thanks to centralization and not security or well-written smart contracts you can kiss the Sovryn dex goodbye too. You damn if you do, you damn if you don't. I like it now Sovryn can go to zero much faster and end the suffering of investors. We will need details on this hack to finally know how decentralized or centralized shit really is.

@francis105d2 1 October 2022

My brief story using Bitcoin. I think that you should read what was my thinking about two years ago before reading this article. Maybe that could help you have a better idea and maybe my experience can produce value for you. **My little story using Bitcoin. Revised edition.** https://read.cash/@francis105d1/my-little-story-using-bitcoin-revised-edition-8d78ca62 I must add that to this story because now I am using a side-chain that seeks to serve as a second layer side-chain solution on top of bitcoin, which uses the same asset BTC. A bridge that uses PowHSM technology links both networks. Since it is an EVM-compatible network, all #ethreum projects can be forked to it, and that included also projects from the smartBCH side-chain. RSK Rootstock and smartBCH both are similar technologies. I don't know yet if the high fees on the Bitcoin layer one will in the end also affect its side-chain, or if in the future BitcoinCore developers will let the side-chain flourish by allowing the needed BIPs to produce a decentralized bridge. BitcoinCash on the other hand with #smartBCH is having some issues with the bridge because the current bridge is a custodian and centralized, and at this point, I don't if the Coinflex fiasco was a cover attack on BitcoinCash. I don't know which of the two networks' side-chains will flourish first, and which one will have a better bridge in the future just yet. Cryptocurrency means liberty to choose where to invest your money but also means you will have the liberty to lose it all if you don't invent your money intelligently and without doing your due diligence. But what works for me it may not work for you entirely, it is not just a matter of opinion but actual utility because we don't live in the same circumstances, but regardless if your idea is wrong the ultimate price will be that your investment will go sour. I am starting to think that at some point it will be possible to link all networks one to another using decentralized bridges and that the difference between one and another will just be the utility that users can have depending on their own needs but that at the end it will be all a giant network with many points being each point a different network but connected to a single bigger one. Almost just like the internet works today. You don't see any difference in what the internet is if you are connected from DSL, Cable, Fiber Optic, or even mobile phone internet, as long as you have the somewhat modern infrastructure to you the internet is the internet. I believe that is how sidechains and cryptocurrency networks will work in the future. Now if I see improvements on SmartBCH, I will come back the moment I save some capital to reinvest into another dex but this time on BitcoinCash. Since Seagate may take some time to be finished I expect that by that time dexs on the side-chain will be fully developed and that they will offer something like Sovryn is already offering. If Shagate come online and current dexs are not fully developed by that time it will only mean those developers were taking current investors for a ride and did not work while they had the time and were just interested in taking investor's money while they could and that when it came to producing they just didn't do it. I would also say that I will keep an eye on SmartBCH to observe who is building what and to also observe those that are not working while they have the time to do. And ignore them if they don't have fully develop products once the bridge issue is fixed. I think my posture is fair that while the bridge is down developers work on their projects to have them ready once the chain brings the bridge online.

@francis105d2 30 September 2022

Fiat currencies collapsing left and right. The Federal Reserve has been increasing interest rates for quite a while now, all to curve inflation. Mind you, that inflation was caused by themselves when together with the US government they decided to give big bonuses to citizens in the form of stimulus checks, and big PPP loans to companies that even didn't need them but since it was free money companies with the knowhow to work the banking system got that money fast. The PPP loans were meant to be for small companies to help them raise cash during the pandemic, which was another government force thing upon the population. Here we are now months after the money printer went brrr, and now we have the same people who inflated the money supply trying to deflate that same money supply. If only the united states central bank increases rates and the other central banks from other countries don't, money will leave those currencies and move into the dollar because private investors think that the dollar will be able to conserve its purchasing value against the other fiat currencies. Those fiat currencies from central banks that don't increase interest rates will depreciate against the dollar, and those countries will have very few options, one increase rates as or to the same rate the US does, or start selling their dollars reserve to try to stabilize their fiat currencies. If countries do this it will affect the United States economy because the dollar will weaken compared to the other fiat currencies. At some point, the Federal Reserve will have a hot potato in its hands because it will try to tame inflation but as other countries sell the dollar the US economy will collapse as well to the point that is too painful for citizens. Other nations may decide to reduce interest to try to fight the fed and pop up their economies as well. It is a mess and it won't be pretty. We don't have a crystal ball to see what the economic future will bring but you could use what you know to try to preserve your economy. If you hold a jog, keep on working and saving your local fiat currency until it becomes worthless, you must pay for your food so you better have some fiat for that purpose. Money that you may have after paying bills should be invested into assets that the banks can't print, and be as much frugal as you can to try to spend less money and prevent yourself from going broke. The banks are on the mission of making you poor by making sure they manipulate the job market and asset markets so that they force you to sell or lose whatever assets you may have. Ignore whatever they say and keep on working your regular jog and saving money to pay for your real-life needs like water, food, and shelter. With inflation and later deflation is how the banks are seeking to make you poor and take your property from you whenever that property is land, houses, cars, cash, or any other asset you may have the plan is to make you spend your assets so that you have no assets left and you have to start all over again. Don't let them do that to you by one knowing how they do it, and two conserving your financial energy. If you can meet your essential needs with your savings or your job income and you don't have to sell any of your assets you will make their plans a worthless effort and eventually they will have to go to printing again and popping up assets again because they will not collapse everything so that they become poor themselves, and so soon enough you will hear they are easing interest again. At some point in the future people will understand what banks do and they will not use fiat currencies any longer and that is when cryptocurrencies may take over the world I don't which one will be but the one that works as cash does today could be a good contender to fill that position once central banks fail.

@francis105d2 28 September 2022

SmartBCH dexs are not building new features. I abandoned SmartBCH one year ago because I decided to test other side chains in other networks. I was speculating on MistSwap token and I sold everything back into Bitcoin Cash. I was not a victim of the centralized bridge, but many were and continue to be to this day. The features that the first three dexs offered haven't changed since I left. They are all offering the same functions, and I would dare to say that some have even reduced the number of features users can have because they no longer offer that functionality. You are supposed to build during bear markets, settle down and start building so that you are ready once a new bull run comes around. And yet I have failed to see that in the first 3 dexs. I will point them out by name, BenSwap, MistSwap, and TangoSwap. I understand the bridge between layer one and smartBCH has been broken, and I do understand that investors don't know if Coinflex will ever give the BCH they hold back to smartBCH investors. We don't know either when Sha-Gate will be ready because Sha-Gate was supposed to be ready by now but it is not either. People do know the issues smartBCH is having but that is no excuse for developers to stop building the projects they started, and if they believed in what they were building just before the bridge fiasco they would be building left and right. If nothing more those that were developing just before the bridge collapse should be building so that when the bridge is ready they will have projects that are fully featured and ready to go without having to make investors wait for features. Those developers are taking investors for a ride and if you hold those tokens you should be aware they are not playing fair with you because while you hold their token and they probably sell, you are left holding the bags and get no features to show for. MistSwap hasn't added any feature whatsoever to their dex since at least six months ago and instead, they have started building in another chain, and yet you still may think they have a smartBCH project in the heart. What I am saying is that it is time to call things for what they are, and start pointing out those that don't build anything and just want to take your money, and if you have money I will beg you to please do your research before investing into any smartBCH project. If the developer hasn't built anything for the last 6 months you shouldn't invest in that project, if the developer is involved in other chains, or is also developing for other chains you should think twice before investing in that project, because you can't serve two masters at the same thing eventually you will disappoint one of them, and you should also observe if developers are not trying to dump on other projects to try to pop up theirs. And I would add that shouldn't invest a penny as long as the Sha-gate bridge is not ready or if a temporary solution that involves multisign wallets with at least 10 or more participants. And I would say that even if Sha-gate comes online and those dexs I mentioned before don't have a full-featured project you dump them and never buy the project even if they promise new features because they are having all the time in the world right now to be building and instead they are wasting their time and taking investors for a spin. I would also add that once Sha-gate comes online if they ever come online that you only invest in old projects if they offer a fully featured project regardless of what their project does. Otherwise, just allow those who have been building behind the scenes and that was willing to risk the bridge never working.

@francis105d2 27 September 2022

The current state of Bitcoin in El Salvador. Bitcoin is legal tender in El Salvador for at least one year now, but people only downloaded the Chivo application to get their free $30 AirDrop that the government-sponsored after that few and fewer people are using the app. The government at this point is having huge unrealized capital losses, and it is also leaking money to maintain the application available to users. Tourism has improved in the country but it is not just because of Bitcoin, it is because the government has done a real crackdown on criminal activity by gang members. The crackdown has given results with over 50 thousand gang members in jail and waiting for a sentence at the expense of civil liberties and rights. I have connections to my birthplace in the form of family and friends, and they are giving me some information that at this point is just speculation at best and exaggeration at worst. Family and friends tell me they feel as like if they went back in time to the times just before the bloody civil war when someone could accuse you of being a gorilla fighter and your whole family could be killed by the national army. They feel the same situation is happening again, where people can accuse you of being a gang member and you could be taken away by the police without the right to defend yourself with a lawyer. You can disappear once you are under the police because you have no rights at this moment as a Salvadorian. My family tells me there are rumors of police firing at gang members that try to flee even if they don't hold any weapons, and if you flee from police they will open fire at you even if you are unarmed, and they will accuse you of being a gang member undercover. The news will not report on this because reporters at this point can be called gang associates by just going against the government narrative. People are feeling how little by little they are losing their liberties and how the media is going silent. Of course, the government will reject those allegations but time will tell what human rights were violated after years and years have passed, almost as has happened with a lot of similar cases. As a citizen, you can be accused of being a gang member by someone directly or by your way of expressing yourself because those that support the government will say that the only ones complaining are gang members themselves and as such you must be one of them too. If you live inside El Salvador your liberty is at risk if you speak your mind not to mention people don't understand that dictators never take full power at once but little by little. If as a born citizen you have no rights at the moment, what rights those that are naturalized should expect? The president want to enable rich people to invest in the country at first was 3 Bitcoin but now is 100 thousand dollars to be considered for residency and a fast way to citizenship, but would you invest your money in a country where citizens have no rights and can get pick up by police without the right of legal representation? The Chivo application is not being adopted because people prefer dollar bills over Bitcoin, not to mention people can't afford the volatility that Bitcoin offers. After all, a great number of citizens are not educated enough to understand such concepts nor have the will to learn. The government is spending money to run the application that fewer and fewer Salvadorians use and tourists prefer to wait and see what will happen before investing in the country. For those that live outside the country, the Chivo application is just another way to get Bitcoin because nations like the United States already have access to exchanges and better applications to exchange fiat currency for Bitcoin. I guess we will only see benefits once Bitcoin goes up in price again and investors get hyped again to invest inside the country without asking that many questions, until that moment only those educated and with enough disposable income will continue to use Chivo to obtain Bitcoin. In short, people feel that volatility is a problem for them and would rather get dollar bills, and investment from abroad could stop if the government can't put criminal activity under control without sacrificing citizens' rights. If the government cracks down too much where regular citizens are affected it could start massive protests, negating any advantages. And investors don't like turmoil when it comes to parking money. Regular people are not using Bitcoin only those with financial room in their wallets.

@francis105d2 26 September 2022

NoiseCash and ReadCash demographics. I have noticed that when it comes to people using both websites; it is not always people from the so-called developed world but developing nations. Probably it is from the middle class in each of the countries participating. It is their citizens, not the nations' governments. It is good news because those that actually could benefit from a decentralized monetary system are the ones that are participating and apportioning to that system. You can use NoiseCash and ReadCash in your local language and write in your native language, but international users prefer to use English as the intermediate language. That means that those that contribute to the website's content speak two languages, if not more than two. In turn, that could mean those users are somehow educated or that those users receive some sort of education that is not for everyone in that territory. Many others have learned other languages because they live abroad and outside their own countries as immigrant workers. Some would just use translators which in itself means that at least they want to participate and probably even gain some knowledge that could help them in the future. I know many immigrants myself, and I know many of them speak English but would not know how to write, or be deficient in reading the point is those writing on both websites had to at least make the effort to learn another language and had to learn from others as well so that they can have a base on which to base their arguments when writing their content. Having users from the middle class independent of the country means that Bitcoin Cash could be seen as a reliable digital currency for those willing to use it, and experiment with it, and those that have to send money abroad could benefit if their local currencies are suffering from irresponsible governments that have decided to print money into oblivion, not only that if you have education chances are you will understand better game theory and the fundamentals that some cryptocurrencies offer. If you are from Argentina you live abroad, and you must send money back to your country you may give it a try to cryptocurrency on which you are familiar with because you have been using it as a rewarding method when you were writing your ideas, and now that your family needs you, your ideas may go into practice because your family needs your financial support as well as the knowledge you gained while staying outside your native land. Understanding why we all need a decentralized new economic system is not just theory but actual utility because around the world many people don't understand the point of cryptocurrencies but those that have a middle-class education could teach those that haven't got a chance in life to go to school. In other words, those that start by just posting here could become the emissaries of the new economic system realizing it has worked for them it could work for their whole country. Be responsible when writing content for NoiseCash and ReadCash because you don't know if your content will be the spark for the next generation of adopters and if we could pave the way for the less fortunately the better because Bitcoin was not meant to be a get rich scheme but a tool for financial freedom and a mechanism to curtail government irresponsibility when managing the money supply. If the middle class in each country grows that means more opportunity for them to realize that the future is to get away from fiat currencies and into decentralized ones because they don't want to lose their new status each time central banks manipulate the money supply. Just like it has happened in the last two years and continues to happen even more now.

@francis105d2 24 September 2022

Save the environment is the next slogan of your enslavement. I have been hearing that the US government is worried about the environment and that because climate change is a real danger, you must surrender your rights and freedom in name of saving a small fish down a river or just saving you by trading freedom for security. In California, the communist party will let humans die of hunger than see a small fish go instinct and die because it doesn't have enough fresh water. I believed is some sort of salmon that the State government wants to save, so that small fish just have more rights now than any other human being and I would say even a collective group of humans have fewer rights at this point. If farmers don't get enough water next year, crops won't produce any yield and as such, the price of food will increase. If people don't find the food, you can bet they will get to the streets just like in Sri Lanka. Once humans lose it, they destroy whatever is in their path because nothing is more convincing than to know your country doesn't have enough food and you must fight for whatever is left. But it is not just about water conservation, it is also about energy consumption and by that I also mean electricity. Here in the communist state of California, the state has passed laws that will essentially ban you from using gas vehicles and instead use electric cars, but in heatwaves or low temperatures, they send you phone alerts to please turn off your AC or Heater depending on the season you happen to be in. I guess the next communist alert will be that today you must take public transit because too many people are using the electric grid at once and as such you are banned from charging your electric car. You must save water and you must save electricity, which means you have to eat bugs and you must turn off your lights at night and go back to the middle age because we have to save the environment, and since people traded in the pandemic freedom for security and since people passed with flying colors the test which the pandemic was you can bet people will just obey. The environmental excuse will be for sure be used for tyranny governments around the world got a taste for power in the Covid-19 pandemic and noticed that many citizens decided to just obey because it is much easier to silence under the night than to fight for your freedoms and rights. People want freebies all the time, they want to have rights to this and that but when it comes to defending those rights they will just walk up into the gas chambers like obedient lamps ready to be sacrificed. In El Salvador just like in China people obey the government mandates to the letter and now they have a president that wants to reelect himself even when the constitution denies that possibility but people over there are already accustomed to being told what to do since the pandemic they will obey if a dictator tells them that is for their security. Right now Salvadorians have no rights whatsoever none zero because they can be accused of any crime and be put in prison without any rights to defend themselves, and could even be judged without any oversight whatsoever, and even posting this article could be seen as an act against the government because I am fighting against a government that is trying to protect its citizens from gang violence. If I protest the government I must be a gang member too because only gang members complain about losing civil liberties. In the case of El Salvador is a lost cause but in the United States they are trying to sell the idea that you must surrender your rights because of environmental reasons, but for those that trade security for freedom the end will end up just with a military boot on their neck or inside a gas chamber. And it is just a matter of time before receiving tips on this platform will be illegal because I am electricity and peasants should live in the stone age and not have money that challenges the government's sanction fiat currency.

@francis105d2 22 September 2022

America is becoming a third-world country. I was walking today from my workplace to a restaurant to take some food because it was my lunch break, and I noticed that one place was boarded up with some plywood and in front of it a bunch of human beings was gathering around, not to buy anything because the place seems to have been closed months ago. Indeed, those human beings were all homeless people hanging around trying to stay out of the sun in the middle of the day. That is a sight that I am looking at every day, one shop gets close and you see a few workers installing some plywood over the glass windows because the owner of that building is trying to protect their property from human damage because they know their tenant is leaving the property. I have noticed that in my city, once a business leaves an area is very hard for another one to take its place and such commercial buildings become hubs for homeless encampments. Homeless people don't care about the abandoned property and their owners if they can get inside an abandoned property they will break in, and even if you install board wire around your property if you leave it without a security guy or unattended for too long eventually a homeless will install himself and call it home for a while. And if you are lucky you may get to evict them because a lot of the time those properties just go out in flames because the homeless while living in were doing drugs and they end up putting that property on fire. I have seen many many buildings get abandoned by renters and later on at least one month later the property is on fire and just the base concrete reminds. You walk to the store you see homeless people hanging out just doing nothing but drugs, and you are lucky if you only see homeless people because in some cities now there have been attacks by homeless people on people who were just at the wrong place at the wrong time. I must add that I live in California if not the most communist State in America or just getting closer and closer to becoming a declare communist State, I guess Canada takes our cake, and eat it too because not only they are communist but also have a dictator at the helm. I guess California is not far behind because I hear the current CA Governator wants to be the next US president. Oh, God helps us because if at the moment we only have homeless in California if the Democrat Communist Party gets Newson into power we could end up with homeless encampments across the whole nation. But wait, isn't that already happening? Yet regardless of who is in control of the nation, Democrats or Republicans the middle class is being destroyed by both groups because they are both puppets of the same master the central banks. If you can't have a hard currency backed by real assets eventually the central bank first by inflation and later by deflation will kill any society middle class that uses such currency because the whole goal of all central banks is total tyranny as long as they can manipulate a nation's currency and they will still whoever does their bidding. Homelessness is just one symptom of your country going in the gutter economically speaking, homeless people are just human beings that have lost the ability to fend for themselves and probably to no fault of their own but the society in which they live. We have made it so that the pursuit of money is above everything else, and if you yo lose your job you will wake up homeless the next day you can't afford your rent, and a money supply that has no intrinsic value just makes that process even worst. The solution is very simple to protect your family by making sure you hold assets that appreciate over time and that the government can confiscate without at least a warrant, and if possible try to have portable wealth if you get to have that luxury for everyone else going paycheck to paycheck and being the working poor is not such a bad deal compared to being destitute.