ABC

Longjumping-Box5691

The upgrades are how we ended up with Bitcoin cash and Bitcoin ABC and Bitcoin SV and so on. Bitcoin will never be the answer to Fiat. Too many problems. Nano was a close contender with its feeless instant txs but it has some big flaws too. All the coins will however continue to be an investment vehicle for extremely risky people. 4 year cycle here we come!

The_surreal_McCoy

After my Shanghai time, I briefly dated an ABC, who was in Shanghai for business many years before me. She said they had built major highways, but there weren't any cars yet, so you'd see donkey carts and food stalls on these massive, yet empty highways. A German architect was involved in city planning. They planned neighborhoods for hundreds of thousands of people at a time, and just started building, knowing that the people would eventually come. Granted, this was a quarter century ago. I don't know how it is now. I did see a documentary on the Shanghai dating scene a while ago. Young women have absurd expectations, young men aren't interested in fulfilling these. That doesn't exactly help when dealing with inverted age pyramids.

R4ID

> I don’t think you understand why SWIFT takes five days to move money. It’s not because of technology. it is 100% because of technology. each hop in the chain doesnt provide visibility into the transaction, you can send the money and call the bank and ask at what point is my money at in the chain and they legit have no idea. There is no Pre-messaging system from end to end, its from bank to bank. so at best your bank would say XYZ has it, you call them they say ABC has it right now, you call them ABC says EFG has it and so on and so on. There is no visibility no pre-messaging authorization end to end its individual companies handling each hop. Each has their own ledger, their own liquidity, their own mini payment network within the greater network itself. >By moving to global IBAN we could fix the issue and using SEPA we have it already working. I have thai bhat and need Egyptian pound. SEPA cannot help me atm > XRP cannot provide anything we already have working across Europe. XRP can do that transfer currently, SEPA can not. I would say that is providing something.

Remarkable_Fuel9885

I swear I feel like every financial article is like this. Literally every one for any stock.  “XYZ down big today!” *I look at stock price and it’s literally up 3%* “ABC is tanking!” *I look at stock price and it’s only down 0.12%*

drunktriviaguy

Rape and sexual abuse are defined differently in different states. Trump argued that he wasn't a rapist because in New York, rape requires penetration with your genitals and trump only used his hand. Did ABC have to pay him money? No. The case didn't get far enough for depositions or the completion of discovery. ABC had plenty of obvious legal defenses to the claim but they decided having access to the whitehouse during this administration was worth more then the settlement amount to them, so they paid him and the case was dropped. If you're a television personalktu and you want to call trump a racist on TV, he will probably sue you but there is a reasonable chance you would win.

Mattlh91

What else have they paid him? Listen, I hate trump as well but it's important to be factual. >The settlement with ABC concerned a segment in March in which George Stephanopoulos repeatedly said that Trump had been found liable for rape in a sexual assault case brought by E. Jean Carroll. Stephanopoulos’ statements were false. The very first question that the jury was asked on its verdict sheet was whether Carroll had proved by a preponderance of evidence that Trump had “raped” her — and their answer was “no.” 'Sexual abuse' has a specific definition in New York law >The jury instead found that Trump had engaged in “sexual abuse,” apparently concluding that Trump had violated Carroll in ways not defined as rape at the time under New York state law.

crimeo

ABC chose to, they keep paying him whenever he asks, that's called a bribe not an actually won case

Mattlh91

Technically, he's classified as a 'sexual abuser'. ABC News had to pay Trump 15$M for calling him a rapist on TV. He's probably a rapist, as well, but he most definitely likes to abuse people sexually.

abesWaves

A corrective wave ABC, may feature a 5 wave subwaves 5-3-5 structure, known as a zig zag pattern.

RollingMeteors

>The average XYZ year old thinks ABC is a scam, *because they didn't get in ground floor.* FTFY

hownowmeowchow

Just stay consistent. ABC 123 AC/DC DCA

Ceeceecpa

You know, accusing him of making $$$ off of us is ludicrous. Look at Nancy Pelosi, Liz Warren, Chuck Schumer, etc. they made lots of $$$ buying & selling stock from their portfolios based upon laws that came out of the bills they wrote. Pelosi is worth 114 million in 2018. She tells her husband what’s happening at work. If a company will be awarded a contract for work, Pauly P made sure he moved $$$ to buy stock in that company. Don’t watch CNN or MSNBC, ABC, NPR, NBC, CBS - they spew propaganda.

bimbobandit2016

Dumps usually have a small relief rally in between. They call it an ABC wave

CanadianCompSciGuy

I cannot stress this enough. When people say "Asset XYZ is up/down because ABC" --- they are 100% BULLSHITTING. Literally pulling any random excuse from their ass to explain things to fit their preferred narrative. Why isn't Bitcoin skyrocketing up? Because sellers are selling at the current price, and that is satisfying current buyer demand. That's it. No magic beyond that.

Free_Entrance_6626

I feel like we will test support between 85k and 91k before finishing this ABC consolidation and moving higher toward Wave 5 targets of 120k, 130k, etc. I'm seeing this as a temporary correction

BeautifulShot

I think we see at least a retest of ATH or a new ATH then a 30ish% ABC correction 📉

Ieat2

You’re not and never will be good enough to trade crypto. Stick with btc ABC just dca week by week or month by month.

Esparanzia

What a load of BS, that’s more of an American/Ukrainian style move against Russia. Russia is now openly mining Bitcoin, so of course logically they want to sabotage their own Internet, and by default crash their economy. Of course ABC news is such a beacon of truth that holds no American bias 🤣🤣🤣🤣 dear oh dear

WalksOnLego

Just to throw some shade on your conspiracy theory, [Russia had been cutting underseas cables](https://www.npr.org/2024/12/31/nx-s1-5243302/finland-russia-severed-undersea-cable-shadow-fleet); the internet. And it has been [holding exercises to disconnect Russia from the internet](https://news-pravda.com/world/2024/11/14/852449.html) I read that more of "Can we (Russia) continue OK if we cut the world's undersea cables, effectively shutting down the internet." There's a nice 20 minute piece on it from ABC Australia, here: https://youtu.be/LAUiawjoKKs?si=4-ZTTeRGkQKalRNO

walkinthedog97

Still nobody on this whole sub has given an actual reason to dislike this guy besides very vague reasons lol. Maybe if you actually listened to what he said instead of what ABC tells you to believe about him

SpaceFaceMistake

Then follow blackrock but this is also $BTC BUT we know most prices always follow bitcoin and the Bitcoin Network also propels the price via new supply that is ever smaller every halving. But @Smashy404 they can sell all their holdings and make a massive shift in market occur. They may have only 3% of all their n their holding maybe more less idk it’s still huge to move that all at once. Then they can ask or if the choose ISSUE SALE proceedings of their ETF DUE TO their own benefit and the benefit it will give the investors as they the investors also GAIN from this if this happened to become a real occurrence that’s often. Then yes they the BTC ETF and other holders all benefit in-fact most crypto markets will. Or if it dumps it dumps but we need dumps for pumps and hide versus we dip and rise every minute every day. So really then they can go and make a phone call to the head of GreyScale and their other competition and say hey this is the date and time we are going to be doing ABC if you follow us in this you will gain great rewards and benefit for larger volume of $BTC and or $USD to buy back $BTC or whatever and they will take the deals like this is how they work. If you know how shorting works… like google “How shorting a stock or coin really works” what happens to the person you defeat by betting correctly while they bet incorrectly. Aka you place short and it goes short what happened to the people going long closing out at my TP? Essentially even with Longs but it’s more easily perceived as shorts and it may be completely different I have to look at it again.

8A8

Bitcoin 'received' figures can be misleading depending on how they are tracking it. Imagine you receive 1 BTC in address ABC. You then send 0.01 BTC to address DEF The resulting transaction would send 0.01 BTC to DEF, and the change (0.99 BTC) back to address ABC. This, when looked at in raw numbers, means address ABC has received in total, 1.99 BTC. Multiply this by lots and lots of small transactions with a lot of change, and your 'total received' figure could be massive in comparison to the actual amount of Bitcoin being thrown around.

BeautifulShot

If you are using Google to educate yourself, you're sadly being misled with info that ABC wants you to believe.

Longjumping-Box5691

Bitcoin serves no other purpose than to sell it to the next sucker. It cannot operate as money. It's not capable of handling the transactions for a population of 8 billion. The changes to allow that are how we ended up with Bitcoin cash and Bitcoin SV and Bitcoin ABC or whatever it was called It's not a store of value just because you say it so Also stores of value should not lose 90% of their value every 4 years It's only quality is buy now and sell later.

T1Pimp

No. He didn't win a defamation suit. ABC settled because who the fuck would want to go to court when the guy controlling the Justice department is involved?! I'd not like he's when himself to NOT be utterly corrupt. This is the issue you just regurgitate unfactual bullshit. A judge even recently reaffirmed that Trump sexually assaulted Carroll AND she was awarded $80+ million inclusive of defamation AGAINST Carroll BY Trump just kept lying about her publicly after the fact. Trump tried to countersue and it was thrown out because it's patently bullshit and he's just a litigious idiot.

cryptotaxcalculator

Correct, there is no wash sale rule for crypto. As explained in our [US Crypto Tax Guide](https://cryptotaxcalculator.io/us/guides/crypto-tax-us-guide/), the current wash sale rules for crypto are: *A wash sale occurs if you buy a stock or security that is identical to one you sold or traded at a loss 30 days prior.* *For example, if you sold XYZ stock at a loss and repurchased it 27 days later, the trade would trigger a wash sale.* *However, If you waited to repurchase ABC until 31 days after your first trade, a wash sale would not be triggered.* *So the big question is* ***does wash trading apply to cryptocurrency?*** *Cryptocurrency is* [*not currently subject*](https://www.irs.gov/forms-pubs/about-publication-550) *to the wash sale rule because the IRS classifies it as property, not a stock or security.* *This means that you can sell your crypto at a loss and buy it back within 30 days and still record a capital loss.* *Keep in mind you must also meet the IRS “*[*economic substance doctrine*](https://www.irs.gov/pub/irs-drop/n-14-58.pdf)*”, which means that there must be an economic change for a transaction to have a reportable tax loss. So if you sell and immediately buy back, not letting any time or price fluctuation occur, then the IRS may say it lacks “economic substance” and disallow the loss.* *There have been* [*several efforts*](https://www.google.com/search?q=Joint+Committee+on+Taxation+%E2%80%93+JCX-45-21&sourceid=chrome&ie=UTF-8) *in US Congress to make cryptocurrency subject to the Wash-sale rule, which could negate this.*

SavingsDimensions74

Unless BTC sudden breaks existing habits this is not a cyclical top. Probably 150 or thereabouts. But this is just a natural part of an ABC progression. We’re on B now so most likely next leg up of 40-45% will be the top but we’re not close to that yet

Professional-Time-50

Every correction is in an 3 wave like an ABC or WXY pattern. So no it will not reach 90k on this first dip and it will retrace back up in a B or X wave giving people hope back and start them talking about another leg up. But right after the final down wave will kick in and crash every little hope left while taking out the low of this current move and creating even bigger panic then we are having right now. One of the support levels will hold. .236 or .382 for sure. They are at 93k and 86k respectfully so that is where we will end up. Worst case scenario 20% dip which is a joke in crypto space. but it will come with a massacre in Alts and that is where most people are invested.

asuds

ABC doesn't have to pay Trump 15M. There is no court order and they would absolutely win at trial. They are trying to buy friendship/future interviews/becoming oligarch pals by donating 15M to a Trump Presidential Library (full of Playboy magazines perhaps?). They did say that Trump was found liable for rape when it was just technical sexual assault. (u/Humans\_r\_evil over here "Well achtually it's technically just sexual assault..."). And there was enough evidence to convince a jury so... and she's one of so many others.

zero7k

the ABC in australia is basically a government not for profit broadcasting network but it's run by morons who don't know anything.

SkyAdditional4963

yeah i agree but that's how some gov codes work they see it whenever you trade as a taxable event, you exchanged 1 XYZ for 1 ABC - therefore you need to be taxed on that event.

MacGuyver-Medic

You mean 61 minutes? 😂😂😂😂 But for real the paramount+ app is CBS so you can watch it live there or if you have cable it's a free station. At least for now. Their viewership plummeted along with most of the propagandist media networks like CNN, ABC, CBS, CNBC, MSNBC, etc...

spiritofahusla

I want in, but I’m a total newbie. Someone please point me to the ABC of Bitcoins and I’ll take it from there.

Amazonreviewscool67

Why is XYZ up so much today? Anyone got any analysis on ABC? What's going on??!!! Why the pump??

no___homo

It's a taoff of ABC..... Always Be Closing

no___homo

It's a taoff of ABC..... Always Be Closing

Muted_Ad_550

Bitcoin became real in 2013 to us, but the other population was still here. It was real because we were capitalists buying it with cash at ATMs and Chinese and Indian mass manufacturing of items goes on and capitalism goes on in person or could be purchased online, back then no fake chemicals drugs or soap products were sold online. We were just waiting for drugs to be sold publicly even in person, but scams can’t and don’t go on with bitcoin, it causes everyone to get south east china violent. Bitcoin originated as currency of crime and may always be, just manufacturing and capitalism exists to criminals and manufacturers, sometimes it is just one dude producing something. They set their own price and mass production may or may not go on but they may produce some for you to keep you as a customer of other things. Porn and we canning existed to us all and so did a digital world and online and in person marketplace but commercialized stores didn’t exist to us as possible capitalist overpopulation caused by crime being legal in the past years. Each stand was a different store and sometimes the same stores exist in there and some manufacturing or shows go on. They turned festivals into marketplaces and then just the market was removed because everyone tries to get money to spend as a person living in Pfizer Walmart economics. If it’s like that then ABC warehouse was better for us as people. Everyone’s like kidnapped into anything else, they golf in those areas.  It’s probably because we unplugged everything else from Intel and anything left was legitimate and they all accepted bitcoin and cash as manufacturers. You have to try and jump on while manufacturing still goes on or be against fraud and theft or scams may go on. Maybe everyone thought they were going to live in the pandemic world or Apples fake system of credit cards forever. The best anyone would get is a less or bit more than hundred grand a year salary, where everyone tries to beg for money through porn. 

SmoothGoing

Exchange is not a wallet. No one should be using an exchange to send to IPTV or anything like that. Step 1 is withdraw from exchange to your own wallet. Step 2 is not a damn thing anyone can do after that. Exchange knows my identity and knows I sent to address ABC. Then I sent to address XYZ. They couldn't stop it. And they don't know if XYZ is Bob's address or an address I also own. And they can't prove I own it either. So KYC stops at the first few hops but I could do 3 or 10 hops after, if I want.

Secret_Operative

ABC already have their article ready to launch - slug here: [https://abcnews.go.com/Business/bitcoin-races-past-100000-fueled-post-election-rally/story?id=116127616](https://abcnews.go.com/Business/bitcoin-races-past-100000-fueled-post-election-rally/story?id=116127616)

SenSw0rd

Because its about to hit $102k, and then MSM will talk about it, THEN, RETAIL FOMO... ABC correction to $70k

advias

It's a joke because everyone is asking if ABC is a good buy now??

siasl_kopika

\> Of course you don't forget everything over night. people forgot most things pretty quick. Short term memories go away constantly, because your brain cant afford to memorize endless amounts of unimportant information. \> Mnemonics make it easier to learn things but you would still need to refresh from time to time. once they move into long term memory, you dont have to do anything conscious anymore. And if you encoded them correctly as the right type of mnemonic for your brain, you will not be able to forget them, even if you want to. \> Couldn't sing you the melody of abc after G if I wanted to. Exactly; because thats not how mnemonics work. Its different than rote: because our brains dont work like computers. you never really learned the alphabet the way a computer does; you learned a pattern, a redundant error-correcting sequence of symbols. If you want to learn the alphabet backwards, thats like learning something entirely new for a human, but for a computer, it already knows it from the forwards list. For a computer, the less it has to store, the easier. Randomness doesnt impact the difficulty. For a human, the more self-referential structured data has to store the easier, the more random the harder. A sequence of 10 random letters is a lot harder for a human to memorize than a sequence of 10 random words, which is harder than a sequence of 10 words in a proper sentence structure, which is harder than 10 words in rhyming pentameter set to music, etc etc. This is why humans cannot generate good passwords: our entire brain is designed to prevent it. We are entropy hating consciousnesses. Cryptographic mnemonics work by adding more information to raw random entropy in a way to make it possible to encode into your brain permanently. \> But i refresh this knowledge everytime I search an alphabetical list. It doesnt matter: that knowledge will stay even if you never use it. For evidence: consider that most people simply dont do alphabet searches anymore - they use a computer and just type the word they want. and the results dont even come back in alpha order. So, if your theory were correct, people picking up a paper dictionary who havent used one in ten years would need to relearn the alphabet. They dont. That old ABC mnemonic stayed alive, unused, indefinitely, with no conscious practice or use whatsoever.

siasl_kopika

\> I would definitely forget the ABC if I wouldn't use it regularly. you sing the ABC song to yourself daily? Or you would forget it? (x) doubt. Feel free to look into mnemonics and long term memory. It should answer your question if you have doubts. You walk around with a whole lot of memory which you never lose; if that were not the case, you would not be a functional human being and you would not have a stable identity. You would wake up each day like a newborn, missing information like your name, job skills, history, language, etc. That doesnt happen, and you dont have to spend hours each day drilling your whole life back into your memory. People normally go their entire functional lives without forgetting their identity, professional skills, or history. The main problem with passwords/entropy is that they are random bits of high density information; which the brain is not natively good at encoding. Mnemonics convert them into low density symbolic information and allow you to keep them like any other one of the billions of random facts you carry around in your long term memory. Mnemonic devices are techniques for converting new short term symbolic information into long term memories. And bip32 is designed perfectly for it, with one flaw being that it allows extra-word passphrases. (which can be avoided thankfully) Mnemonics are a godsend for cryptography, because they are basically the only way a person can store entropy period, instead of just carrying it around or hiding it in places. When you carry around information, it can be copied/scanned surreptitiously or accidentally left exposed. For example: pretty much any hardware wallet can have its keys extracted fairly easily by a skilled agent. If you use hardware, which I dont recommend, keep them blank. But there is no substitute for mnemonics. People with out of date best practices dont use them; and instead commonly use extremely weak passwords, with anti-entropy patterns inside them such as numbers, special characters, upper case, etc: all things that help the attacker.

DeinFoehn

(x) doubt Maybe you are a neuroscientist or something like that and can provide me with a source for this claim. tried to Google it, but didn't find anything. For me personally there is literally nothing this deeply embedded. I would say maybe my name but I can't be sure because I use or see or think it literally every day. I forgot earworm songs and smells. I would definitely forget the ABC if I wouldn't use it regularly. Until there is some evidence I just assume you are a young person still to go through the experience of forgetting something really simple to not forget. :-)

siasl_kopika

\> "... with a working brain" - to assume your brain will always work as intended is your false sence of security. If you think there is a special case of brain function loss, that prevents mnemonic usage but nothing else, then you are ignorant of how the human brain works. Mnemonics are more deeply embedded than your name, home address, etc. Its where you remember the ABC's, earworm songs, smells from childhood, etc. It will be the last part of your brain still working. If your brain stops working to that degree, you will also not be able to use your "password", you wont remember where you kept your written down mnemonic treasure hunt rewards, you might not even remember what your own name is much less what bitcoin is. This case is exactly like saying "you might get hit with an asteroid" - both are possible but both are just special cases of death: where you stop being you. In all of such cases, you need multisig or such with a second person, ideally one who knows how to memorize mnemonics correctly and can trust recover your stack for you when you have become a vegetable.

inadyttap

Just like ABC but at the tail end of things.

asdfgghk

Show me in long form interviews evidence of dementia. Even the commenters in this video are surprised saying they believed what they did on Trump because of media propaganda (and again you won’t see an instance of dementia; not that you’ll listen to it on double speed). And I agree, he looked terrible on debate night, it doesn’t help though Kamala was given the questions ahead of time and perception was skewed based on ABC creating more favorable lighting and camera angles to influence perceptions (there’s plenty of photographers and production artists on you tube who showed evidence of this if you care to search). https://m.youtube.com/watch?v=Ry1IjOft95c&pp=ygUJRmxhZ3JhbnQg

systembreaker

Exactly, currencies are a vehicle for use cases. Same goes for Bitcoin. The closest thing to a "use case" that Bitcoin has is its entire overall design as a network, which is a purpose that it was designed for. Not a use case like an app that has a bullet list of features. I think so many people are just used to apps that have a specific set of particular things that they do that they don't understand Bitcoin is a network with a purpose rather than "It does XYZ and ABC".

Crypto_Powered

Start the business because if you can earn more from the business you can always buy more BTC than what you had originally planned to. But starting a business is not easy and most lose money for the first couple of years so you really have to be sure of what you are doing and hit the ground running and don't stop until you succeed. ABC = Always Be Closing

WhiteVent98

Yeah I know, id rather own the underlying spot, than own the underlying company, which happens to own bitcoin… Plus my strategy is… build up to 100 shares of ABC, then sell CCs and/or collect dividends to build a new position in XYZ, or grow my ABC position. Right now im using dividends and CC premium and contributions to build a URA or URNM, idk, theyre the same, position, up to 100 shares to gain exposure to the Uranium market, in which I am bullish, and sell CCs, after that… probably more IBIT now that they have options… or SLV for some more metals… guess I will see when I get there, itll be a few months…

Honest_Path_5356

Forbes has become a talking piece, ABC, has become a talking piece, Bloomberg has become a talking piece. Sad reality that the once considered top tier media doesn’t spill facts any longer

darthbuttfuk

>Unreliable source >Unnamed ABC 'whistleblower' >Allegedly >Evidence yet to be produced I'd still vote for Kamala if this was all proven true btw.

millennial-snowflake

"inside the crypto con" - ABC just did a story about pig butchering in crypto and completely ignored the much larger general problem of pig butchering with all other forms of financing. Media hates us

squinton0

You’re right. Again, all I’m saying is that calling out a tendency to shrug mainstream media for fringe sources, as an additional to the other negative attributes they’ve tacked on to the profile of a crypto investor, is ridiculous when mainstream media can be equally faulted. The idea that “oh, ABC/NBC/FOX (etc.) news is more truthful and reliable compared to fringe sources, and people who utilize or choose to believe these other sources more so than the Big Ones have a few screws loose” is just… it’s just not right.

gandrewstone

Events like this have happened in altcoins, in particular bitcoin ABC. First of all, we learned that the attacker gets bored wasting energy and eventually stops. Second, the blockchain can lose its POW and therefore decentralized nature. The attack can be statistically proven by providing the orphaned blocks. Some personality in the space then simply says, "check this web site daily/hourly for the current tip, and manually invalidate longer forks. Here's a script to do it automatically." This goes on until the attacker leaves and then the chain resumes as a POW chain. I suppose the reasoning is that given a 51% attack you already lost decentralization -- that ship has sailed. Might as well pick someone the community supports vs. an anonymous entity. Its pretty cool that POW chains are resilient to this attack in the sense that the onchain monetary system remains consistent and people's balances are protected. Of course, people who transact with an extra-blockchain component might lose value, like in the classic doublespend attack. But in systems that utilize (say) atomic exchange via a single transaction, like the way nexa trades NFTs, either both sides of the trade happen, or both do not. This minimizes loss to secondary effects like opportunity costs, or to the counterparty unwinding a trade whose subsequent price action is unfavorable.

raymonddurk

When you open your wallet you'll see account 1 with address 1, 2, 3, etc. Account 2 with address 1, 2, 3, etc. When you open any wallet to get your balance, you handoff your xpub which is the data for all of your addresses past, present, and future within an account up to a certain gap limit. Ledger uses a 20 address gap for example. So if you plug a Ledger into Electrum, it'll send your xpub to a random server to read off the xpub up until the last address gap. So you can buy nonkyc coins but if that Electrum server is run by a chain analysis firm, they know that address 1, 2, 3, and your future coins of 4-20 that you don't even have yet are all owned by the same entity. They cluster them as Wallet ABC. If you send address 3 to an exchange, then they apply the KYC data to the cluster of current UTXOs 1 and 2 and future UTXOs 4-20.

coinfeeds-bot

tldr; Bitcoin surged 4% to $61,550 amid rumors that Robert F. Kennedy Jr. might drop out of the 2024 U.S. Presidential race to endorse Donald Trump, potentially influencing the election outcome. Speculation has grown after hints from Kennedy's running mate and reports from ABC News and Info Wars, suggesting RFK Jr.'s endorsement could sway the election in Trump's favor. This development has led to a significant impact on Bitcoin's price and the betting odds for the November election. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

Defender_Of_TheCrown

Not even remotely the same considering the number of Trump’s people involved in project 2025. Biden doesn’t have neoliberals on his staff. “Stephen Miller, who served as Trump’s senior adviser for policy and White House director of speechwriting, is also on the promotional video as a leader. He’s also since tried to distance himself, saying, “I have no involvement with the project whatsoever,” in a statement to ABC News. At least six of Trump’s former Cabinet secretaries have either authored or advised on Project 2025. Russ Vought, Trump’s former Office of Management and Budget director, wrote a chapter on “Executive Office of the President” for Project 2025. ” You act as if this would be outside of Trump’s playbook when he and his buddies literally tried to overturn an election and organized an attack on our own government because he refused to admit that he lost an election.

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

crimeo

You can absolutely lend out crypto with fractional reserves exactly like dollars. You just sign a contract that XYZ is owed to ABC, and the courts enforce it, not any blockchain.

Life_Sherbert_995

Standard ABC correction. so ill buy lower. Probably we get a bounce at 52k, after that go down to 40k. Lots of support in that area, then get ready for a full blown bullmarket.

Life_Sherbert_995

I'll buy lower, standard ABC correction. probably we get a bounce at 52k, after that go down to 40k. Lots of support in that area, after that it should be full blown bullmarket.

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

jcpham

Most of the BTC holders sold BCH into the dirt once that option presented itself Regardless of how you feel or even care about block size wars; new free money is new free money. Look at the chart and look at the ATH of Bitcoin Cash or any number of Roger Ver/ Faketoshi Wright / or even Hearn with his ABC client. Respectively forking BTC for whatever shitcoin you and your buddies _think_ is a good idea hasn’t really worked out. The only reason BCH still exists is because there were enough BTC holders to prop up a shitcoin market. I’m sure there’s people that disagree with me and such but I’d be shocked absolutely shocked if BCH even remotely still correlates with BTC movements. What do I know though

dlm83

Average cost alone does not matter, it's about the returns. The ideal scenario if you were investing in something periodically over the long term would be that the price is only ever higher every time you purchased it, forever, right? Likewise, if the price kept on falling and your average purchase price kept averaging lower that's of no benefit to you unless the price rises again. Run some simulations, for e.g. you buy $1 worth of ABC @ $1, and every month thereafter you buy another $1 worth of ABC but the price has doubled vs. the previous month: * By your 10th investment, your holdings would have gone from 1.0 ABC to 1.998 ABC (9x subsequent investments buying you slightly less than the first investment did alone). * After your 10th investment (at which stage ABC has a price of $502!), you'd have spent a total of $10 and have an average purchase price of $5, +400% of the first purchase. * By the end of that 10th month when the ABC price doubled again to $1,024, your holdings would be worth $2,046. That's a profit of $2,036 (+20,360%). Your average purchase price only ever went up, and the number of units you could buy for $1 halved each time... but +400% average purchase price doesn't sound so bad when compared to a total return of +20,360%. That's just illustrative of course. But if you're worried about having an average purchase price that is closer to the current price if you buy more, why are you even holding what you already do still? In theory, it is 'costing' you, right now, the current purchase price vs. if you sold it (excluding fees, tax etc.).

Waterdrag0n

If BBC, ABC Australia, Al Jazeera, or literally any other state sponsored network had bothered to partner with Assange he would have… Assange also noted that western media did a good enough job highlighting Russia’s corruption and injustices that Wikileaks found it hard to compete, after all Wikileaks depends on leaks and most leaks came from western countries. I really don’t think you have thought very much about this subject. Let me remind you USA’s actions of pressuring banks, PayPal and credit card companies to prevent donations and payments to Wikileaks is what forced them to use only crypto…welcome to the sub.

R4ID

>So I take xrp bridge is there when there isn't much liquidity on both sides (like USD/eur)? so USD/EUR is probably the MOST liquid corridor in the world. I dont think there's more volume moving through any 2 other currency pairs today than that area. This is why utilizing XRP (as a bridge asset) in a currency pair where there is a TON of liquidity doesnt really help solve very much. It does solve a few of the nostro vostro issues (and geopolitical ones) but since the volume is so high those issues arent that big to begin with. It is much better at solving the problems between two currency's that dont have such high volume/liquidity. So in my example I use Thai Bhat and Brazilian Real. If you wanted to move value between those two right now today and your Bank/FI has no relation with another member/partner bank in that region its going to be slow and costly. It might look like bhat->Yen->USD->MXN->Real each one of those steps not only takes time to do, but incurs a fee and can involve an entirely new subsidiarity bank/FI to facilitate the trade. Each hop/step adds more fees and wait times which are essentially costing customers even more money. You have to think about the Bank/FI in Thailand, if they dont have a business partner Brazil, they have to know someone who does and they need to each not only have accounts with each other but lockup funds in separate accounts daily to facilitate this trade. What that means is you're locking up capital to be used only when transfers are occurring, if there is low volume in that corridor(which is the case in most cases) its cheaper and easier for the bank to simply have another bank process the transfer and charge a fee on top. this is what gets passed onto the consumer. XRP as a bridge asset not only is faster than the banks/FI processing time (in that its 3-5 seconds not 3-5 days) and the fees are sub penny to do swaps on chain. So you could sell Bhat for XRP and buy Real with that XRP all in 1 single transaction. >I send rupees > on chain this gets swapped for xrp > xrp gets swapped for gold > gold gets transfered to my account correct. >But what if XRP rises in the mean time or falls in price. Wouldn't this cause an issue? 2 things. An XRP transaction takes 3-5 seconds, and these multi currency swaps use what is called Prelock/holds on funds before the transaction occurs. Unlike on say ETH where when you swap ABC for XYZ and it says ur gonna get 1.345 XYZ and when you do the swap thanks to slippage you get 1.331 XYZ instead. on the XRPL funds are put into a mini timelocked escrow as a part of the pre payment agreements. Funds get confirmed and released all at the same time across multiple ledgers. >Why would they want XRP if I want to do buisness with in brazil, and Im a thai bank. I need to open accounts/relationships with them, I then need to keep money in their bank and they need to keep money in my bank so that when we do buisness at the end of the day we can Balance out the sheet of transfers we did that day. When this money is sitting in another bank/currency it is losing value every day when it dormant. XRP says you only need to hold what you have and buy in and out of XRP for 3-5 seconds. the "dormant" part of the nostro/vostro system is removed essentially. it turns all your capital into "working" capital. >can be more volatile 3-5 seconds vs the average international transfer time of 3-5 days. Volatility is a calculation of price variance X time. if you drastically reduce the time (like to 3-5 seconds) you drastically reduce the volatility. >then for example the dollar? for every dollar you want to transfer you need to lock up at least 1 dollar (if not more) meaning you are limited in how much you can transfer based on how much you lock up. XRP's value is free floating and can provide liquidity anywhere to anything in seconds. dollars also arent geopolitically neutral (they have inflation) and can be printed/controlled by 3rd parties. If you want to use a stablecoin you can, it just doesnt solve as many problems as XRP does. >If we remove the need to back the stable coin up for instance. then it isnt a stablecoin and anyone trading in it has much bigger problems. >Or are we talking about cbdc on the xrp chain? last I checked there are 5 confirmed governments working on their CBDC with Ripple and another 9 which havnt been announced but that might of changed recently I havnt followed it as much. IIRC it was Bhutan, Palau, Montenegro, Georgia, & Colombia Sorry this is really really long, if you have follow up questions just ask.

abesWaves

From an astrological perspective, baby bears need to take out previous low of $56.5k set back in April. It seems the alt coins had a traditional ABC zig zag correction following a bullish impulse wave. While BTC, remaining at relatively elevated levels is experiencing a flat correction. A running flat if no new low is set, which is a valid correction. If new low is set it would simply be an expanded flat. This sort of pattern was expected as soon as BTC failed to make new ATH.

the_ats

ABC Always B Claiming DCA every day. Every hour.

trufin2038

Pretty much anyone with a half way working human brain can do this. It's as easy as ABC. Literally.

Emmabailly2000

hahahhahah lol its ABC123 NEVER SEND MONEY TO SOEMONE YOU DONT KNOW

Haunting-Student-756

Wen is KYC ABC AML KFC Dumb thought experiment 

Farvaharr

In ABC please

Ok-Hat-1720

Double and triple checked. Seed phrase belong to MY "XYZ" wallet, but it also works for someone else´s "ABC" wallet.

uncapchad

It's here in epub format so you'll need an e-reader or Adobe. Click GET [https://library.lol/main/7D394651158ABC9470CBCCE538FAAA49](https://library.lol/main/7D394651158ABC9470CBCCE538FAAA49)

abercrombezie

Well, I’ve been in Bitcoin since 2014 and I can understand the hate. Anytime some noob mentions that ”were early“ for this XYZ or that ABC coin being the next big thing, my brain turns off.

BoJagHux

I think an ABC correction wave is possible. My prediction would be during this rally we go up and test the previous bull markets ATH around 69k and maybe test the new ATH of around $73,800. Then, a correction down to the most recent low of around 56k. We could make a double bottom there and then go to new ATH. Or go a little lower between 50k and 54k. I’ll put in new buy orders starting around 58k down to around 51k longing Bitcoin on low leverage.

ScoobaMonsta

I think we're in the B wave of an ABC correction.

ScoobaMonsta

Have we finished this correction though? This bounce could be the B wave of an ABC correction. If you put the fib retracement tool from the bottom at 16k to the recent high of 74k, we are still way above the 0.236 fib level. I'm looking at the weekly chart. Or haven't we finished the larger impulse wave and this correction was just the wave 4 of the overall impulse wave? Are we bouncing for the 5th wave now? The weekly ichimoku shows bullish signals across the board with a confirmed kumo twist. I think we are in an ABC correction myself. Sub waves of an ABC is 5-3-5. An equal measured move for an ABC correction would take us to 50k. I would post pics of my TA if I could.

SunliMin

It feels like context is needed here, both in that article, the title and comments. There are not "over 2.4m crypto projects". There are over 2.4m ERC20, ERC721 and ERC1155 contracts deployed. When a new ABC token comes out and someone makes a liquidity pool of it and WETH, that pool that was deployed is a new token being tracked, same with the ABC:WBTC, ABC:DAI, etc, each new pool gives you a token that is effectively your receipt to track how much you own of the backed assets for the withdraw, and that receipt is a contract per pool per defi app. This is also true with any form of staking. Defi apps use other tokens as receipts, but it does not make each of those token its own "project". Theres also the case that not every contract that exists is even built to be used. These numbers include Polygon and other sidechains. As a dev in this space, I have deployed probably... 30 or 40 NFT contracts to that blockchain. These aren't monkey NFTs to be traded, they are underlying infrastructure of our core products. In fact, at my current job, our NFTs are built to fail to transfer if it detects its being transferred by a 3rd party contract, because we explicitly do NOT want it to get picked up by defi apps, because our use case is not the average token use case, and it would go against our goals. All that is to say, this 2.4m number is wrong. If by "projects" they meant "dapp", the number is inflated at least 10:1, but probably closer to 50:1. For example, Uniswap V3 on mainnet Ethereum has 958 markets, so the 3rd version of Uniswap on one network accounts for nearly 1,000 of these "projects". Now imagine this for every version of Uniswap, across every chain, including every fork. Now imagine that same logic, but applied to Compound Finance, AAVE, every single Defi app on every chain and every fork. Easily hundreds of thousands are just from those big defi apps and clones alone.

Haunting-Student-756

But Ellen moon should I buy KFC ABC KYC NYC? CoinbAsE StOlE my MonEy? Is ThiS a ScAm?

Earthlien99

Spongebob is right, what most people dont realise is that in crypto there has to be 1000s of losers before there is even 1 winner. That's why rugpulls work so well. In normal/pleb trading each trader is the next traders competition and that's why I consider most crypto influencers as the scum of the earth as they know this very well. E.g when $ABC starts gaining traction that means people are buying it. The winners are the 1st traders to take profit on $ABC but the influencers would have been given presale coins (the bottom) as a deal for them to shamelessly shill the coin as the next 100x - 1000x moonwalker, so hodl your life away literally. So devs and shillers "buy" the bottom, decent traders buy the hype and the dumb money buys the top ( i.e the 🎯 of the bottomers). So you can see how this turns out, only the devs+shillers make money besides the decent traders who bought the hype and know the truth of what I'm saying so they dump on late buyers on the way up before the devs pull the plug with more money than pockets to keep it in. The exchange is basically like the house and the house always wins. Sorry for the rant (I could go on tho) but it just needed to get out and I feel a lot lighter now so thank you! You can see some of my work, X @Tiggered222 if you like.

ukawan6446

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HumbleIndependence43

On a fundamental level, access to a Bitcoin wallet is simply a private key, which is represented as a very large number that's difficult to guess. On top of that you simply need cryptographic software to use that key to sign messages. Signing a message could be, as a simplified example, saying "I am the owner of wallet ABC and I'm hereby sending 1 BTC to address XYZ". This message will be signed by your private key, proving your cryptographic ownership of address ABC beyond any doubt, and then published to the other nodes on the chain. That software nowadays might be a bit more advanced, as well as the network connections and the storage efficiency. Bitcoin also got some nrw features like Segewit. But they're essentially the same.

Logvin

>The seller will accept Bitcoin, said David Larchez of Silverleaf Realty, who is listing the property. Bitcoin surged to historic highs last month, making this an opportune time for such an innovative transaction, Larchez said. ABC15 is a well respected local news station in Phoenix, AZ USA, of which Paradise Valley is a suburb. It's not a big article full of interesting details, but shows progress with adoption.

99Beers

I am a user and I believe in the next 3-5 years the narrative will shift from infrastructure to apps. Instead of people talking about Solana vs Ethereum, it will be people talking about ABC app. This may or may not help you /u/banksied but look at Merkle dot Trade. It's an perps trading app built on Aptos where users can trade Crypto, Memes, Forex including Gold and Silver. But focusing on UX, users can trade and connect using either an Aptos wallet or EVM wallet (including the L2s) - the app creates an Aptos wallet for the users. This to me is the future. Wallets go to the background and users don't have to sign every transaction.

zachmoe

[https://www.jstor.org/stable/25102198](https://www.jstor.org/stable/25102198) In The ABC of Money, Andrew Carnegie asserts gold is more like the north star, and that everything moves around it. I don't know that anything other than other crypto move around BTC, and who knows what BTC moves around, but it do be.

bbiittccooiinn

New interview with SBF after sentencing with ABC News: ['I'm haunted, every day, by what was lost', 'I never thought what I was doing was illegal'](https://www.reddit.com/r/Bitcoin/s/HwRGkLUivi) 👨‍⚖️

sajonara84

It's not dip, just standard ABC correction, which started few weeks ago ~59k most likely bottom

phallicpunch

Been on Velodrome for almost 2 years & Aerodrome since it was airdropped. Every Wednesday vote & take those bribes & incentives & either roll them back in, increase USDC/ETH LP, or swap to ETH. Do not underestimate the power of DCA, compounding, & stop buying useless shit & eating out. I plan on buying some land & starting an ABC farming op; apples, blueberries, & cannabis.

whereismyface_ig

Definitely, that was a bit more recent than the already very numerous exit scams / honeypots or ABC boys shutdowns. The biggest fraud related darknet market voluntarily exited the game graciously a year or 2 ago as well

dschultz50

ABC bois

Thetonious

Only if you think high fees, lousy customer support, open cooperation with ABC agencies, operating a shitcoin casino, stipulating that they own everything on their exchange (with a promise to pay back what they 'owe you'), putting you at the end of a long list of unsecured creditors if they go bankrupt, and constantly going down when things get frantic is dogshit. Otherwise they are THE BEST! ;-)

CointestMod

#Bitcoin Cash Con-Arguments Below is a Bitcoin Cash con-argument written by Blendzi0r. > # What is Bitcoin Cash (BCH)? > > Bitcoin Cash is a [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp) of Bitcoin. It was launched in 2017. [It has 32MB blocks instead of Bitcoin’s 1MB](https://www.coindesk.com/learn/2015/08/21/what-is-the-bitcoin-block-size-debate-and-why-does-it-matter/), so it can handle many more transactions per second (TPS). And that’s the main difference between BTC and BCH, as its goal was to tackle [Bitcoin’s scalability problem](https://en.wikipedia.org/wiki/Bitcoin_scalability_problem) without the second layer solutions. > > # What are the cons of BCH? > > **IT’S CENTRALIZED** > > BCH “inherited” BTC’s supply distribution from July 2017 when it was launched but the supply held by large addresses [has become more concentrated over time](https://coinmetrics.substack.com/p/coin-metrics-state-of-the-network-2d3) (while BTC is even more decentralized today). > > In 2019, [just two mining pools were able to perform a 51% attack](https://www.coindesk.com/tech/2019/05/24/bitcoin-cash-miners-undo-attackers-transactions-with-51-attack/). And although it was done for a good cause – to stop an unknown miner from exploiting a bug – it can serve as a prove that BCH was centralized already back then. > > ​ > > **THE NARRATIVE IS ON BITCOIN’S SIDE** > > The value of Bitcoin has gone up more than 2,000% since July 2017 while BCH has stayed below its price from July 2017 most of the time, not to mention its [ATH price of $4,355](https://coinmarketcap.com/currencies/bitcoin-cash/) (it's 86% down from ATH as of 31.10.2021). > > Also liquidity and real-world usability of Bitcoin Cash [is nowhere near that of Bitcoin](https://www.investopedia.com/tech/bitcoin-vs-bitcoin-cash-whats-difference/#citation-4). It is clear that the great majority of investors chose Bitcoin after the 2017 hard fork and BCH is seen as an inferior copy. > > ​ > > **IT HAD ITS OWN HARD FORKS** > > People cringe at Internet Computer’s name, but for me, Bitcoin Satoshi Vision (BSV) takes the cake. It’s a hard fork of Bitcoin Cash that took place in late 2018. It has even larger blocks than BCH – [2GB](https://finance.yahoo.com/news/world-record-2-gigabyte-block-130000498.html). > > In 2020, there was another hard fork that produced two new chains- Bitcoin Cash ABC and Bitcoin Node. This shows that Bitcoin Cash has failed not only against Bitcoin, but had splits among its own community, further hurting its credibility. > > ​ > > **IT'S SCALABILITY COMES AT A COST** > > Bigger blocks have certain [disadvantages](https://www.sfox.com/blog/is-bigger-better-how-to-evaluate-bitcoin-cash-based-on-block-size/). Running nodes when the blocks are big requires more resources. Also, the commissions from transaction fees are lower, which makes mining the coin less appealing. This might result in nodes being manageable only by big, private companies, making BCH even more centralized. > > ​ > > **ITS MAIN ADVANTAGE ISN’T UTILIZED…** > > Although BCH’s blocks can handle up to 32MB of data, [they have not reached even 2MB since they were introduced in 2018](https://bitinfocharts.com/comparison/size-btc-bch.html#3y). What's more, their average size is currently much lower than that of Bitcoin’s blocks. > > Taking into consideration the point above about the disadvantages of bigger blocks, it makes you wonder why BCH would push for such big blocks when most of the time they don't even use 3% of their capacity. > > ​ > > **… AND EVEN IF IT WAS, THERE'S LIGHTNING NETWORK** > > [SegWit](https://www.investopedia.com/terms/s/segwit-segregated-witness.asp) allows second layer solutions to be implemented on Bitcoin. One of those solutions is Lightning Network which has become very popular recently after being [adopted by El Salvador](https://bitcoinmagazine.com/markets/lightning-network-bitcoin-usage-adoption-el-salvador) and [Twitter](https://www.theblockcrypto.com/post/118450/twitter-rolls-out-bitcoin-tipping-for-ios-users-via-lightning-looks-to-nfts-for-the-future). > > Lightning Network effectively eliminates the main advantage of Bitcoin Cash by allowing faster and cheaper transactions with bitcoins. Even if BCH fully utilized its 32MB blocks, it wouldn't be able to compete with Lightening Network. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **SUMMARY** > > Bitcoin Cash is a much worse store of value than Bitcoin and now it is also losing the electronic cash narrative, since the growing adoption of [Lightning Network](https://en.wikipedia.org/wiki/Lightning_Network) makes Bitcoin a much cheaper and faster payment option. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin_Cash) to find submissions for other topics.

StrawGreeter

> don't forget the elusive team of Craig Wright, Calvin Ayre and Roger Ver who played a key role in the bcash fork Don't rewrite history. BCH was created by the ABC developer group at the same time as Ver, Bitmain and the rest of the NYA agreement group were still supporting SegWit2X

9500

Check BCH with derivation paths for both BTC and BCH. BCH now has the new derivation path, but in the early days, because it forked from BTC, it used the same derivation path as Bitcoin BTC. If you find BCH there, you might have BSV and eCash (ABC) coins from later forks.

Crazy_names

Yes. ABC. Always Be DCAing. Or ABD... ABDCAing.

tony2o6

There’s a few ways. There used to be apps but a lot of them got shut down. There’s also a lot of groups that involve crypto enthusiasts on WeChat that I’m in as well. I’m an ABC but currently live in china so it’s not hard for me to get crypto and the language barrier isn’t that bad for me

Gordon_Law

Earned crypto such as through staking, mining, rewards, earning yield - or in general any "ascension to wealth" is considered income at the fair market value at the time received. Say you earn .1 ABC token rewards and at the time you receive it its worth $100. You would report $100 of taxable income on your tax return. Say you say it later for $50. Then, you would have the original income of $100 but also a capital loss of $50 ($100 cost basis less the $50 sales price). You must claim the income at the time you receive or earn it, not when you sell it. Unfortunately, this is very clear cut in the eyes of the IRS.