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@stewbits22

Joined 12 February 2020 · 1111 posts

120 KT

0 KT received · 0 KT · $14.15 given

Posts

@stewbits22

Looking to go long on Btc and BCH, hopefully today.

@stewbits22

Who will be using BCH Bull to trade when it goes live?

@stewbits22

I am waiting on more action in Btc or BCH before placing my next trade. I will be tipping comments when I post it.

@stewbits22

Btc target of $19845 has been hit. Still waiting on BCH target of $119.15

@stewbits22

My short setup on Bitcoin triggered. This is just a test trade on a 2 hr time frame. Entry is $20250 My fixed target is 2% or 405$ or $19845 But my exit may differ depending on market conditons. Edit my BCH short just triggered at $121.58 with 2% profit target.

@stewbits22

There is a decent opportunity to take profit on Btc and BCH coming up on the shorter time frames. I will post trade here if it sets up.

@stewbits22

If you are thinking of brokering crypto on a site like Local Crypto, you need 2 bank accounts. One for crypto sales and the other for buying Crypto from the exchange. You just transfer your cash from selling crypto to your other account where you transfer to the exchange. Banks are very suspicious of money going in and out to and from multiple accounts. And it is obvious to the bank what you are doing when they see your money going to the exchange and you risk your account being shut down. You will still get scammers saying they never made the purchase and the funds get reversed out of your account So I would advise never to sell to new buyers, only ones with a long track record. Even better is to just trade with a fixed clientele once you have reached a certain turnover.

@stewbits22

If you want to spread BCH adoption grass roots style, this is what I do. I find one or two local traders on Local Crypto who buy and sell BCH or Btc (I just convert to BCH with sideshift). I buy and sell crypto face to face. It so much better than doing it through a bank account and then the bank shutting your account down. (That has happened to me 4 times). Then I buy stuff on Purse at a discount and sell locally at a discount. I personally am into bikes and garden equipment. So I sell to local bike shops and home owners. Once I have done a few sales to a person I then ask them to trade in BCH and give them the contact details of the Local Crypto trader. I cover the 3% commission and a bit more. Builing up a local economy in BCH is so important when the banking system goes down.

@stewbits22

Work continues quietly to develop main chain BCH functionality. Jason Dreizehner is developing cash tokens which will allow trustless smart contracts leading to decentralised exchanges on the main chain. Here is his first post on the idea. https://bitcoincashresearch.org/t/chip-2022-02-cashtokens-token-primitives-for-bitcoin-cash/725 CHIP 2022-02 CashTokens: Token Primitives for Bitcoin Cash CHIPs Standards Track consensus draft bitjson 2 Feb 22 This proposal enables two new primitives on Bitcoin Cash: fungible tokens and non-fungible tokens. Bitcoin Cash contracts lack primitives for trustlessly issuing transferable, contract-verifiable messages, limiting coordination strategies available to multi-party contracts and covenants 8. By enabling token primitives on Bitcoin Cash, this proposal offers several benefits. Cross-Contract Interfaces Using non-fungible tokens (NFTs), contracts can trustlessly commit to messages which can be consumed by other contracts. These messages are impersonation-proof: other contracts can safely read and act on the commitment, certain that it was produced by the claimed contract. This primitive enables covenants to expose public interfaces – paths of operation intended for other, not-yet-developed contracts. Decentralized Applications Beyond enabling covenants to interoperate with other covenants, these token primitives allow for byte-efficient representations of complex internal state – supporting advanced, decentralized applications on Bitcoin Cash. Fungible tokens are critical for covenants to efficiently represent on-chain assets – e.g. voting shares, utility tokens, collateralized loans, prediction market options, etc. – and to efficiently implement complex coordination tasks 2 – e.g. liquidity-pooling, auctions, voting, sidechain withdrawals, spin-offs, mergers, and more. Non-fungible tokens are critical for coordinating activity trustlessly between multiple covenants, enabling covenant-tracking tokens 2, depository child covenants 2, multithreaded covenants 1, and other constructions in which a particular covenant instance must be authenticated. Universal Token Primitives By exposing basic, consensus-validated token primitives, this proposal supports the development of higher-level, interoperable token standards (e.g. SLP 1). Token primitives can be held by any contract, wallets can easily verify the authenticity of a token or group of tokens, and tokens cannot be inadvertently destroyed 2 by non-token-aware wallet software. The full specification is tracked in a repository on GitHub: GitHub GitHub - bitjson/cashtokens: A proposal to enable two new primitives on... 20 A proposal to enable two new primitives on Bitcoin Cash: fungible tokens and non-fungible tokens. - GitHub - bitjson/cashtokens: A proposal to enable two new primitives on Bitcoin Cash: fungible to... Deployment of this specification is proposed for the May 2023 upgrade, and requires upgrades only to full nodes. I’ve also written a short blog post to summarize the main ideas: bitjson's blog – 22 Feb 22 CashTokens (v2): Token Primitives for Bitcoin Cash 16 CashTokens enable decentralized applications comparable to Ethereum contract functionality, while retaining Bitcoin Cash's >1000x efficiency advantage in transaction and block validation.

@stewbits22

BCH Weekly News #100 (October 3, 2022) 1 29 BOOST Avatar for SatoshisAngels Written by SatoshisAngels https://read.cash/@SatoshisAngels/bch-weekly-news-100-october-3-2022-32b904ad CASHTOKENS CHIP V2.2.0 IS NOW OUT Bitcoin Cash rock star, Jason Dreyzehner, has announced the latest version of his Cash Tokens proposal as well as the results of 1 month of testing on the Cash Tokens testnet. If enabled. Cash Tokens will allow BCH to have two new primitives: fungible tokens and non-fungible tokens. This will allow contracts to issue messages that can be verified by other contracts. This would enable prediction markets, on chain decentralized exchanges and more. ELECTRON CASH REDESIGN FLIPSTARTER The Bitcoin Cash power user wallet, Electron Cash, is in need of a facelift and John Moriarty is leading the effort to make sure it happens. A lot of work has already been done but he believes that for it to be taken to the next level a full time UX designer should be hired. To this end, a Flipstarter campaign has been launched to see the wallet gets the attention it deserves. Anyone who wishes to contribute to the effort should head over to electroncashredesign.com ANYHEDGE ALPHA TESTING CONCLUDES AnyHedge, developed by General Protocols, allows you to take leveraged long positions or hedge your fiat value. Permission less, non-custodial, and on-chain. The public Alpha tests have successfully concluded. The next step in the evolution of AnyHedge is BCH BULL which is a decentralized application on the Bitcoin Cash blockchain, allowing users to long Bitcoin Cash against multiple tradable assets and will be released soon. ZAPIT WALLET UPGRADED Zapit wallet, a universal payment app with decentralized services has been upgraded with a completely revamped user interface! The wallet is available for both Android and iOS. PAYTACA PARTNERS WITH PURELY PEER The Paytaca wallet team has joined forces with PurelyPeer to help gamify BCH adoption by creating cash drops and token rewards! MEGA BCH MEETUP IN NORTH QUEENSLAND Special guests from General Protocols joined a BCH meetup in North Queensland, Australia, while they were visiting Bitcoin Cash City. There was also the launch of a Bitcoin Cash Green ice cream from a local merchant, that accepts BCH of course.

@stewbits22

4 regions of Ukraine voted to secede and are now officially part of Russia. Continued attack by Ukraine in those areas will be an attack on Russia.

@stewbits22

A 1 cent tip will be worth 16 cents in less than 2 years. BCH is financial freedom from central banks, freedom from government tyranny and freedom to do you what you want Every tip is a nail in the coffin of the globalists.

@stewbits22

Actors, actors everywhere. Monkeypox victim! Covid victim! Trapped on a cruise ship! Arrested at a protest Infront of the press! Take a look at the individuals in these stories and a lot of them turn out to be professional actors with online profiles you can check for yourself. Is there a reason for this? Hmmm. https://t.me/hugotalks/1245

@stewbits22

Text from the read.cash article by GP on the new smart contract on BCH that allows leveraged shorting as well as leveraged longs. https://read.cash/@GeneralProtocols/anyhedge-extension-leverage-on-both-sides-10bf5f5c#intro Join 98,624 users already on read.cash read.cash AnyHedge Extension: Leverage on Both Sides 1 77 BOOST Avatar for GeneralProtocols Written by GeneralProtocols 321 Subscribe 2 hours ago Author: Mathieu Geukens Intro At General Protocols we continue to innovate to enable Decentralized Finance on Bitcoin Cash. With the alpha of the AnyHedge Whitelabel and the release of BCH Bull around the corner, there is much to look forward to! Meanwhile we have continued to search for ways we can extend the possibilities of the AnyHedge contract. With this blog post we want to reveal something we have been working on: a two-sided leverage AnyHedge contract! Motivation AnyHedge allows for one party (the hedge) to stabilize the value of his BCH in the contract against an external asset and for another party (the long) to take on extra volatility risk against this external asset. This means that currently the long side is far more flexible as it allows for any leverage multiplier whereas the hedge only allows to stabilize the value of the contract against an external asset. A clear next step for extending the AnyHedge contract is to enable leveraged shorts. Both speculators and risk-averse users benefit from having the possibility to short with leverage. For speculators this would mean they have the ability to profit in USD from USD/BCH price going down. With only hedging contracts they don't have this option because the contract always returns the same amount of USD by design. For risk-averse users such as merchants, using a leveraged short can be a way to be fully hedged without locking the full amount of money in a contract. For example, if a merchant goes 2x short with half of their BCH they are still fully protected against volatility but also have funds remaining to cover any unexpected expenses. In other words, leveraged shorts can also be used to hedge against price volatility. There are other tradeoffs in risk that are described in more detail below. The two-sided leverage extension to the contract is possible because of the May 2022 BCH network upgrade, which introduced native introspection and 64-bit integers. This upgrade allowed for a more efficient AnyHedge contract which has plenty of room left before running into BCH protocol limits. This in turn allows to add additional features and functionality to the contract! Intuition Shorting is a method to earn from a declining price. For a 1x short the return is proportional: for each percentage the price declines the short earns a percent on its position. A leveraged short means having a position which earns disproportionately for each percentage decrease in the price and of course also disproportionately loses with each percentage increase in price. Hedging means holding an asset and shorting this asset so that the effect cancels out and your net price exposure is zero. The point of importance is that your position in the asset is equal to your short position times the leverage of the short position. This means you can hedge 1 BCH by opening 1x short position for 1 BCH or a 2x short position for 0.5 BCH or a 3x short with 0.333 BCH and so forth. When used correctly, using leveraged shorts can result in higher capital efficiency for a given hedging strategy, at the cost of being exposed to contract liquidation and re-negotiation on the upside. This is why enabling leveraged shorts in AnyHedge is a useful for both speculators and hedgers alike! Financial aspect In the AnyHedge contract, the leverage of the long can be seen as a derivative concept from the ratio of funds in the initialization transaction. The leverage of the long and the low liquidation price-point are each other's inverse: a 2x long contract protects the hedge against a 50% price drop, a 3x long protects against a 33% price drop, a 4x long against a 25% drop and so on. The AnyHedge contract does not inherently have a high liquidation price as the hedge is always able to pay the long no matter what percentage price increase. The two-sided-leverage contract, does have a high liquidation price when choosing a leveraged short (> 1x). For a 2x short the high liquidation price is at a 100% price increase, for a 3x short it is at a 50% increase and for a 4x short it is at a 33% increase. Any leverage long can be combined with any leverage short. The ratio of the short input amount and the long input amount just has to be chosen carefully. An important implication of this is that a service such as BCH Bull could operate on less capital by instead of matching 5x longs with 1x shorts (where the short needs to lock 4x the amount of the input), it could match a 5x long with a 4x short then the capital locked in the short side of the contract would be equivalent to the long side. In other words, the long contract can be offered by only locking up a fourth of the capital of before, with the tradeoff that now there is a high liquidation at +33% for the contract. Payout graphs - AnyHedge The payout graphs (in BCH and in Unit values) of a standard AnyHedge contract with a 3x long look the following way: On the right graph, the payout for the short in Units is stable regardless of the price change - this is the exact goal of the AnyHedge contract! You can also see on the right graph that the red line and the yellow line have the same slope - they will never intersect and hence there is no high liquidation price point! The low liquidation price point is at -33% which is the inverse of the long leverage as mentioned earlier. Payout graphs - AnyHedge Two-Sided-Leverage The payout graphs (in BCH and in Unit values) of a two-sided-leverage contract with a 3x long and a 2x short look like this: Here the payout for the short is not stable in Units but instead decreasing with price. The slope of the red line is also steeper than the slope of the yellow line on the graph on the right so the high liquidation point is when the two intersect. Here that is at a 100% price increase. The low liquidation point is still the same because the leverage on the long side did not change. The input of the Short is 1 BCH in both cases but the long side is not equivalent in both cases - the long put in 0.5 BCH in the AnyHedge contract and 1 BCH in the two-sided-leverage contract. This illustrates that twice the amount of BCH in longs can be facilitated with the same amount of BCH on the short side but with twice the leverage. Upgraded Contract The two-sided leverage contract was demonstrated to work with a testnet3 transaction on Sept 22nd. The testnet transaction is a 3x short and uses the General Protocols USD/BCH price-oracle. You can see the transaction details on a testnet block explorer, for example that it was 651 bytes in size. The updated contract is 122 opcodes in size, coming from AnyHedge's 109 opcodes, that's an increase of 13 opcodes (~12%). This is because the contract is more general and hence requires more parameters and more involved mathematics. The payout for the short is calculated in the following way int calculatedPayoutShort = shortInputSats + (shortInputSats * numeratorLeverageShort * (startingPrice - clampedPrice)) / (clampedPrice * denominatorLeverageShort); int shortSats = max(DUST, calculatedPayoutShort); The upgraded contract is still in the prototype-stage of development, so it will be a while before the functionality is usable in end-user products but nonetheless we are happy to share our progress so far! General Protocols Blog This article forms part of the General Protocols Blog, a collection of cross-platform links showcasing our team's community activity, Bitcoin Cash projects, UTXO development, and general crypto musings. Avatar for GeneralProtocols Written by GeneralProtocols 321

@stewbits22

Second Opinion: A documentary on the after effects of the Vaccine. Health workers, nurses, mums and dads tell their story and the damage done by the 'safe and effective' vaccine. https://youtu.be/dIVZ5ssWB-o

@stewbits22

The average life span of an American has dropped from 79 to 76 since the Covid vaccine rollout. That is 3 years in less than 2 years of vaccines. Media silence! The only way this happens is a massive rise in the death of young people. This is confirmed by the data that shows a huge increase in such deaths that this is a 1 in 200 year event. Media silence! Denmark has banned the Moderns vaccine and does not recommend any Covid vaccine for anyone under 50. Media silence! I got this information from an intensive care doctor Dr Pierre Kory Listen to his full analysis here: https://www.lewrockwell.com/2022/09/thomas-woods/whats-causing-all-those-excess-deaths/

@stewbits22

The Russians know who blew up their pipeline. The US embassy in Russia has instructed all its citizens to leave immediately. There will be retaliation, for this is different from Ukraine v Russia.

@stewbits22

The NYT comments that Bitcoin is the only currency that is not plummeting. This Hodl chart shows Hodling at an all time high of 86.3% for coins held for more than 3 months. This peak has always happened at market bottom.

@stewbits22

Biden threatened he could shut down the gas pipeline from Russia to Germany. And now the pipeline has been blown up 90 meters under water. Instead of escalating a totally pointless conflict with Russia as he hopes. He has in fact declared war on Europe.

@stewbits22

Georgia Meloni is the new leader of Italy. God, family and country are her priority. Typically the media have called her a fascist.

@stewbits22

Some optimism. When hash rate to market cap correlation turns negative, this always signals the bottom. We are in negative correlation now.

@stewbits22

Last year the British government gave permission for 1 million poor people from abroad to settle in the UK. That is 1 million in 12 months requiring free housing, free medical care, welfare and education for their children. Bear in mind that the UK is one of the most densely populated islands on earth and has already taken in 12 million people on top of the 55 million that lived here already. The only way to grow the population is by building on our precious countryside. There will be no happy ending for British people or the new arrivals. Someone said I think a Jewish scholar said there was no material difference between mass immigration and warfare. The end result is the same. There is no sign this is slowing down either.

@stewbits22

One of the things I do to find useful content on Noise.cash is to look through the post of people who tipped one of my posts. If I like their content I then look at the profiles of the people who tipped their posts. I find this far more useful than using the explore function or generic searches.

@stewbits22

Ever wondered how good self driving car technology is? Check out this clip with informative monologue from the driver. I was blown away by how good it is. Robotaxis are definitely coming. https://youtu.be/qfKNMD8cm9o