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r/btc
1.0m members
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash. Today, r/btc users can discuss any Bitcoin-related topic without fear of moderator retaliation, while r/Bitcoin and r/CryptoCurrency are still heavily censored. Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
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r/Bitcoin
4.5m members
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
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r/CryptoMarkets
1.0m members
Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.
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r/dogecoin
2.3m members
The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative crypto-currency.
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r/Monero
268k members
This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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r/CryptoCurrency
5.3m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/BitcoinCA
74.3k members
Let's talk about Bitcoin in Canada
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r/technology
12.8m members
Subreddit dedicated to the news and discussions about the creation and use of technology and its surrounding issues.
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r/CoinBase
219k members
Welcome to r/Coinbase!
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r/ethtrader
2.2m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
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r/CryptoCurrencies
373k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
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r/Crypto_Currency_News
160k members
News means money in the Crypto Currency world. When new coins, products or platforms are released using Bitcoin, Ethereum, Monero or any related altcoin Tokens, the price of affected products can potentially move on the news.
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r/ledgerwallet
92.0k members
Discussions about Ledger's products. Visit us @ ledger.com
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r/BitcoinABC
1.7k members
Bitcoin ABC leads eCash protocol development, on the mission to build global electronic cash.
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r/TREZOR
45.4k members
Trezor is the world's original Bitcoin hardware wallet, protecting coins for thousands of users worldwide. What makes Trezor even better is the community behind it, gathered in this subreddit. Come here and find tips or assistance from your fellow community members.
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r/jaxx
4.2k members
Jaxx Liberty is your multi-platform, multi-currency crypto wallet, with 100+ assets supported. It builds on the success of Jaxx, one of the most popular blockchain and digital asset wallets, with millions of downloads. *** We don't provide support over social media. For help, click "HELP" in the app and CLICK on the suggestions of Jazzy, our support bot. Beware of scammers: Never reveal your private keys or 12-word backup phrase to anyone, not even us (we'll never ask). *** *
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r/bcash
1.1k members
bcash - the fork of bitcoin with base-block scalability
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r/vzla
101k members
Llevo tu luz y tu aroma en mi piel
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r/btcfork
3.7k members
This is a subreddit for discussion of forking Bitcoin to allow a free-market and consent-based approach to Bitcoin's / Bitcoin Cash's progress. In Bitcoin Cash we brought together like minded people - users, developers, miners - to carry on the experiment that is Bitcoin. We stand ready to fork again should it become necessary to protect Bitcoin to ensure the option of peer-to-peer electronic cash can survive and thrive.
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r/Ripple
351k members
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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r/altcoin
220k members
/r/Altcoin is one of Reddit's original cryptocurrency subreddits, started 8+ years ago. Altcoins are generally considered everything but BTC - so even ETH, ADA and BNB are considered Altcoins.
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r/binance
875k members
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume.
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r/ethereum
1.4m members
Next-generation platform for decentralised applications. Dive in at ethereum.org
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r/SmartBCH_DeFi
675 members
Meeting point for SmartBCH enthusiasts. Discuss new projects and developments here. Always do your own research before investing.
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r/mtgoxinsolvency
8.5k members
MtGoxInsolvency is the sub for those affected by the failure of MtGox and who are now part of the formal MtGox Insolvency process being run out of Tokyo through the Japanese court system.
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r/OpenBazaar
9.3k members
An open source, decentralized marketplace for peer-to-peer commerce using cryptocurrency. No fees. No restrictions. Browse now @ https://openbazaar.com ----- Shop the official OpenBazaar store: ob://QmcUDmZK8PsPYWw5FRHKNZFjszm2K6e68BQSTpnJYUsML7
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r/eos
97.7k members
The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal web3 user, developer experiences. EOS is the flagship blockchain and financial center of the EOSIO protocol, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation.
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r/Wavesplatform
60.7k members
Waves Tech is a blockchain-agnostic ecosystem for inter-chain DeFi, the embodiment of tech freedom for blockchain-based finance. Waves Tech offers a development infrastructure for innovation and ready-to-use tools with a solid potential for mass adoption.
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Posted by3 days ago

"SOMEONE should post a pro BCH thread so others can see the other side of the story" -me before making this post.

First, the most important distinction to understand is PRICE vs VALUE.

Price is the amount paid for acquiring any product or service.

Value is the utility of a good or service for a customer.

We as Bitcoin Cash supporters know the value of BCH, non supporters only know the price of BCH. Accumulating when price < value is ideal. When price = value you can still accumulate, but the largest portion of gains come from accumulating when price < value. When price > value take profits.

It is my belief BCH is significantly in the price < value category. Here are some reasons why.

  1. Developer happiness: For the first few years after the BTC/BCH split there were very public disagreements between developers and stakeholders resulting in 2 internal splits. Compared to back then, developer happiness is much higher today. I've heard a few devs mention this. There are public discussions happening in various places (https://bitcoincashresearch.org/, twitter live chats, youtube network discussions, telegram cashtokens) and the tone is productive, actual collaboration is happening. Compared to Amaury rage quitting a live video discussion and Craig Wright's "you split, we bankrupt you", the atmosphere today is basically the opposite of the past. BCH supporters understand the heartaches BCH has been through and how it is different today, but no way the haters on social media know this. Has the increase in BCH's value from developer happiness been priced in yet?

  2. Actual improvements to layer 1 are happening: For the first few years after the BTC/BCH split, hardfork upgrades were about fixing issues rather than improving BCH. BCH spent years fixing the difficulty algorithm to get block issuance to reliably be 1 block per 10 min on average. Remember when huge amounts of hash switched between BCH and BTC and BCH was finding a block every minute? A new address format to help with coins sent to the wrong address? Unrecoverable segwit address fix? Replay protection? These changes were needed but they were fixes, not improvements. Compare those past fixes to recent and upcoming improvements to BCH like: Removing the unconfirmed transaction limit, 64 bit math vs BTC's 32 bit math, native introspection, double spend proofs, native tokens, joint-execution decentralized exchange. These are actual improvements to BCH's value that only people who don't ignore BCH updates know about. Have these been priced in yet?

  3. Bitcoin Cash actually works as marketed: Bitcoin Cash is peer to peer electronic cash for the world. It promises to be basically free, basically instant, reliable, and uncensorable AND IT ACTUALLY IS. Even through all BCH's troubles it still works as intended. We all know about BTC's fee problems but the majority of other coins have also promised basically free/cheap transactions and have been unable to deliver. I won't get into it here, but this scalability issue has a lot to do with BCH being a UTXO model rather than an account model (like ETH). When's the last time you heard someone talk about scaling issues between UTXO and account models? They only talk about scaling account models without knowing UTXO scales much better. The problem here for BCH is that adoption has been low and transactions per day has been falling so the scalability of BCH is currently hidden, for now.

  4. Bitcoin Cash is still seen as a different class of cryptocurrency by regulators. Recently Canadian crypto exchanges imposed a 30k CAD annual limit for cryptocurrencies. These new rules do not apply to BTC, ETH, BCH, LTC. source. Companies too paypal?.

  5. Coinflex. The Coinflex drama caught me off guard, totally didn't see it coming. Putting the drama around Coinflex aside if we are to believe the current information provided then a massive amount of BCH were sold that were intended to be 'long', increasing sell side liquidity temporarily. In addition there is a lot of FUD around the situation as many BCH supporters lost a lot. Yes the Coinflex situation is bad but the situation is mostly reflected in the price of BCH, not the value of BCH. SmartBCH still exists and a reasonable person should see it has potential. BCH isn't betting everything on SmartBCH and BCH is decentralized so they can build on BCH if they want.

  6. St. Maarten cryptocurrency legal tender regulation. While this regulation is for all cryptocurrencies, BCH supporters know St. Maarten is a hotspot for BCH adoption. The St. Maarten parliament member (MP Brison) pushing the regulation joined a few BCH live discussions and gave various examples of why he supports BCH. He really gets it. He even mentioned his intention to give BCH supporters a first look during the November BCH conference in St. Maarten. He starts talking 28 min in.

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Posted by4 days ago

I felt the responsibility of doing this post to clear a couple of things.

Main things I want to straight up clear:

  • I don't think r/btc is doing censorship. I've heard of some people complaining about it; however, in general terms, I think this subreddit allows a decent amount of freedom.

  • I don't have anything against the core BCH team; I actually supported them during the fork (BCHN) and have been working with them on various projects related to Bitcoin Cash over time.

As you may know, I am Oscar, and I used to be a Venezuelan BCHer, which means my favorite coin was BCH in terms of usage during (mostly) 2017-2019/20. However, just to keep things as clear as possible, I was never over-invested in BCH; I always held a portfolio with percentages of different main coins (BTC/ETH/AVAX... etc) because I always had the mindset not to lay all eggs in one basket. So no, this is not about price action at all. If that were the case, I would have left long ago.

So why are you leaving BCH?

I will start talking about the least important but last event that happened that made me decide to go off from this project finally.

I got banned from an official sBCH channel for pointing out my opinion on a subject (Basically calling sBCH a dead chain which is an objective truth). And by the time I posted my opinion, I was getting attacked by four users, finally leading to my ban for no practical reasons and just subjective reasoning. This was disappointing because Bitcoin Cash was a coin that had strong "community" values against censorship in general. I want to clear up that being banned on sBCH for me is practically being banned from a main BCH channel, even if it is an L2 discussion channel. Why? Because many of the people asking for the ban and the mods themselves (or part of them) have too much influence among the general BCH community and will probably gain more over time, even if they don't manage to fix the messy sBCH project.

For me, this was the last thing I was going to endure with Bitcoin Cash.

The other reasons:

  • Lack of investment in marketing and proper branding. A lot of people might see this as a non-important point, but marketing and branding are main things to care about, especially if you are trying to reach the general public. The only project that actually did a little about this was Bitcoin.com, for obvious reasons. Aside from that, just a few projects really cared to give a good image and a proper user interface for their users.

  • Too many forks. BCH proved that crypto might end up forking itself into infinity. And even if BCH probably won't have more forks now (hopefully), it already forked its mcap x3. This doesn't fit good for small/big investors as they might be scared to buy a coin that could potentially fork in the future.

  • Adoption of BCH might look "fine" with the pro-BCH island city, but in reality, is not looking good anywhere else. This comes from someone who had three major projects in Venezuela to promote BCH. The first one was a platform to allow people to exchange BCH for fiat (InstaBitcoin), the second was a website to look for jobs which I took the role of CEO and made it what it was today (CoinGigs), and finally, I was running events and talks in my city onboarding merchants around the city. For reference: https://news.bitcoin.com/over-200-venezuelan-taxis-discover-the-benefits-of-bitcoin-cash/
    However, in Venezuela and many other countries (first-hand data I got), BCH adoption is lacking. All those merchants that used to accept BCH only did it for a short-term benefit (getting paid by the BCH users going for the meetups) or directly getting some people to pay the merchants to place stickers and try to accept BCH as payment.
    Sadly, today most of the merchants have already left BCH as a payment method and are using Binance P2P platforms to do payments (which basically works similarly to Zelle). All people in Venezuela are accepting crypto through Binance and no on-chain txs. In Binance, they could change it instantly for USDT, or the user could swap their cryptos to USDT in order to pay. With the Binance method, merchants basically remove the hassle of holding assets/coins that change the price every minute. For the merchants, it was a matter of weeks or months before removing the BCH stickers due to: Lack of users paying daily, volatility, and a non-friendly user interface and experience to trade BCH into fiat. In Venezuela, I tried to fix that with InstaBitcoin (and did fix it for a while until we ran out of liquidity).
    TLDR: Binance/L2s won the adoption war. Bitcoin Cash probably won't get used because of its over-complicated user interface and user experience for avg Joe.

  • As Vitalik said, decentralization is not absolute, it's a matter of degrees. In this aspect, we could honestly say Bitcoin (BTC) is winning because it has the bigger amount of hash backing it up against attacks. However, if we consider developer(s) control over the protocol (even if that power isn't absolute), it replicates into all the other cryptos.
    In short, BCH, BTC, ETH, and most (if not all) cryptos have a major development team or a major node developer. The node developer with the biggest amount of miners and exchange supporting it will win and will take power to decide what's going to be the next update. There's no such thing as democracy or not even a fair system of changes here, it's just war to see who can convince the real players to get the support needed. Today Blockstream controls BTC, BCHN controls BCH, and Viltalik controls ETH, and all three could change (for example, just like BCHABC did get replaced), but the resources to do the replacement are only possible with the right connections. Is not something anyone can do, and BCH got lucky at this point to have all the necessary influence to prevent ABC from keeping control over the protocol. In another case, where people with a lack of resources wanted to take control of the node for honest and good reasons, it would have failed completely, leading to a minority fork.

  • Market conditions for BCH are at the worst stage ever. This only partially affected me even if, at some point, I generated a profit (especially with the last recent pump). However, the constant price downfall is one of the main reasons why BCH won't get adopted compared to BTC or ETH long term. Investors and business owners aren't interested in holding a coin that will go down in price constantly, and sadly, in this case, it's not particularly because of random market conditions; it's because of BCH's own fault. To be specific: Constant forks, public figures that used to support BCH betraying it, CoinFlex rug pull due to unprofessional company management and corruption, plus lack of incentives to actually use and hold BCH (and everything said before adds up to this point).

  • Darknet and deep web: There's no BCH adoption there. This point should be self-explanatory, but the fact people don't use BCH to buy stuff on the darknet and deep web and rather use BTC and Monero is a big red flag. If we expect people to find BCH utility, the first group of users that should be adopting it are those markets. However, there's no market from what I was informed and checked myself that actually used BCH as a payment method. This, for me, is the biggest red flag, as the people that should care about this product don't care because, for them, there are better options. Could be price action? Or could be non-anonymous txs? Heck, even ETH is used there, and people rather mix those coins with Tornado. Bitcoin Cash fusions aren't getting positive metrics from what I know, so from both sides, BCH is not a compelling product. Maybe fees aren't everything in this adoption equation.

  • The EVM experiment is dead. And some people might not agree with me, but let me give you a short story: I have experience with EVMs, and I worked with projects on AVAX, sBCH, SOL, and ETH. From the EVM perspective, and in general, terms, having a chain with no backup at all is a tremendous warning itself. But the fact the peg hasn't been fixed for over 2 months is incredibly insane. So yes, don't expect sBCH to survive this without starting from 0, trying to regain the trust that won't come back thanks to CoinFlex. The EVM experiment is dead and won't come back. I am not being pessimistic, if you believe otherwise, you are being over-positive, and I would sadly tell you to stop the religious following on these groups/scammers that rug pulled you.

  • Main BCH figures get tainted every time, the last one: Roger and Mark Lamb (+ many of those people that got thousands of dollars from Flipstarter and never finished anything). And yes, people will probably be kicking Roger over the next few months if Mark is right about his lawsuit. Which is a potential truth at this point (and no, this doesn't mean Mark is good, Mark is a corrupt scum no matter the outcome). About the Flipstarter part, we could safely say we were wrong about the investment method; Flipstarter wasn't a good way to give money because it gave no responsibility to the project owners. And yes, to be transparent, I ran a Flipstarter in the name of CoinGigs, which was successful, and also completed all the promises listed in the donation window.
    Note: I left CoinGigs and gave all the power to its previous owner, and since that, the project has been completely abandoned and unused with no updates at all. I did my job, upgraded it, and left (modern user interface, side-shift integration/multi-coin usage, marketing with low-budget and much more).

  • Many of the OGs left, and after the CF drama, probably all of them.

And that's it. Those are the reasons why I am out. I hope you know to understand why the ban was the last punch for me.

For a positive endpoint, I want to say that I think BCH is still a good project with a good heart, but sadly it's not going well and most likely won't grow more from this because of all the points I mentioned before. And they'll probably repeat in the future. The BCH community betrayed itself when it gave all the power to such an important product (sBCH) to a DEX (CoinFlex).

Have a good day, and I wish luck to Bitcoin Cash!

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