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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
963k 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/Monero
265k 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/binance
869k 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/CryptoCurrency
5.2m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/technology
12.6m members
Subreddit dedicated to the news and discussions about the creation and use of technology and its surrounding issues.
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r/BitcoinCA
73.0k members
Let's talk about Bitcoin in Canada
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r/Crypto_Currency_News
153k 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/CryptoCurrencies
366k 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/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/CoinBase
214k members
Welcome to r/Coinbase!
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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/ledgerwallet
91.4k 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
45.3k 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
100k 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
213k 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/ethereum
1.4m members
Next-generation platform for decentralised applications. Dive in at ethereum.org
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r/SmartBCH_DeFi
674 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 by4 days ago
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Posted by9 days ago

I bought my Bitcoin over ten years ago but the project I bought into was hijacked and changed into something I disagreed with.

Fortunately Bitcoin enables pure financial sovereignty: that means I have final authority over what happens to to my money. There is no authority who defines what my Bitcoin are. My Bitcoin aren't defined by a majority, or an institution, or a standards board, or a government.

My Bitcoin are defined by the rules that I choose to enforce. 99.99% of the world can decide Bitcoin should be something different from the Peer-to-peer Electronic Cash System that myself and the other OG Bitcoiners invested in, but if I don't consent to that change, then my Bitcoin remain unaffected.

The system I invested in was a Peer-to-peer Electronic Cash System, where any two willing parties can make casual hard-currency transactions with no need of an intermediary, where fees are always negligible, where the first-seen version of a transaction is generally considered to be the valid transaction, and where blocks get bigger as the economy grows. The system I invested in was supposed to be upgraded with larger blocks via a hard fork block size increase before the block size limit became an economic inhibitor. The system I invested in was cash.

BCH represented the liberation of the Bitcoin project from its attackers: the naysayers who claimed that the system as designed by Satoshi Nakamoto was untenable, that it wouldn't scale, and that it could only work by reintroducing financial funds-routing middlemen and the inherent loss of sovereignty that comes with them.

Today is the 5th anniversary of the liberation of the Bitcoin project and the continuation of the original project, which others call "Bitcoin Cash" but which to me will always just be "Bitcoin."

🍻

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Crossposted by7 days ago
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Posted by15 days ago
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Posted by9 days ago

Happy 5th Anniversary to Bitcoin Cash! As a regular user of BCH, I would like to share this post with everyone to add to the growing knowledge and experience of BCH users around the world. I hope we get a good discussion on this topic and read some of your comments related to your country's use of Bitcoin Cash.

Cryptocurrency Landscape in the Philippines

In the Philippines where millions are unbanked, cryptocurrency seems to be a panacea until you realize that there are only two on and off ramp exchanges that are approved to operate by the central bank of the Philippines (Banko Sentral ng Pilipinas). These are Coins.ph and PDAX (Philippine Digital Asset Exchange). There may be others that I don't know but it does not matter as only these two have a usable and currently operating mechanism to buy, sell, and trade cryptocurrency to another cryptocurrency and fiat.

Of course you can always use a peer to peer hand off money from someone you meet online BUT crypto-fiat trading is way more secure with an approved exchange. Binance does not have a license to trade in the Philippines and for now serves only as an escrow app for peer to peer exchange aside from other features like liquidity pools, swaps, etc.

Among the cryptocurrencies, BTC, BCH, XRP, ETH and its various ERC-20 tokens like AXS, BAT, DOT, MANA, MATIC, SAND, to name a few, are available to Coins.ph, while the same list is available via PDAX with the addition of ADA, AVAX, SOL, and XLM.

Both of the approved exchanges works using a mobile app which serves as a custodial wallet. You can convert fiat (Philippine Peso only) to cryptocurrency and vice versa via these apps without additional fess other than conversion rates fees between crypto and fiat.

Payments Using Cryptocurrency in the Philippines

Between Coins.ph and PDAX, only Coins.ph allows you to pay cryptocurrency to others using QR Code, crypto address, or to a cellphone number of a Coins.ph user.

If the receiver or the merchant is a Coins.ph user, payment is fast because Coins.ph will act as a liquidity pool exchange for any of the supported cryptocurrency vis-a-vis Philippine Peso. Funds will reflect to the other account almost in real time without the need for confirmation time.

If the receiver or merchant uses a non-custodial wallet, paying using cryptocurrency will be subjected to the respective blockchain's confirmation time and gas fees. And this is where BCH shines among the rest.

Since 2018, I never encountered any brick-and-mortar business that accepts cryptocurrency here. There are online businesses that accepts cryptocurrency, and I did had a business before the pandemic where I accepted cryptocurrency. No one paid me in crypto within 3 years of making it available as a payment option even with 10% discount.

Adoption of cryptocurrency in the Philippines is growing but it is still a super minority that focuses on trading.

Bitcoin Cash as the Most Usable and Accessible Cryptocurrency

From my experience, I never used BTC using Coins.ph because the transfer time is too long and the fees can go up to $1.50. My average BTC confirmation time is 30 minutes. Contrast that with BCH where the highest fee is just $0.01 and the confirmation times is 5 minutes on the average.

While XRP is available in Coins.ph, I can only receive funds but not send due to unresolved bug. Of course no one can use ETH and its related tokens because gas fees are stucked at $15-20.

This leaves the Philippines with only one usable and accessible cryptocurrency for payments and transfers - Bitcoin Cash.

How About MoneyGram and Stellar?

Recently, MoneyGram partnered with Stellar to make USDC transfers available to the Philippines and to convert it to Philippine Peso seamlessly during cash-out. It uses Stellar as the network to make these transfer almost in real time. However, fees are still higher compared to cryptocurrency transfers. The last time I tried, $100 will cost approximately $5 of fees plus any conversion rates fees.

Also, there's a KYC needed that includes an identification card and home address validation.

This is definitely not in the spirit of cryptocurrency despite using Stellar's blockchain technology. But for those who are very familiar with MoneyGram and trusts it as a remittance partner, it may soon be the preferred way of transferring USD in and out of the Philippines.

Adoption Challenges

I saw other BCH users doing their own campaign in their local vicinity. I wanted to do the same but given that we can only off ramp BCH via these 2 exchanges without incurring higher fees from other methods, it's very difficult to promote BCH without mentioning the other two exchanges and not sounding like a salesperson for them.

How can I say to them that they need to create a BCH wallet and address, accept payments, then have the hassle of transferring it to Coins.ph then convert it to Philippine Peso at a lower price due to conversion? There is no incentive for them.

Literacy about cryptocurrency in general is also low, with some sectors and localities not even have basic understanding of using these apps altogether. Internet access is also a problem in other localities.

And the fact that most are unbanked, moving any money in the digital space is a challenge and centralized only to the two exchange I mentioned above.

Final Words

Despite the challenges and limitations, Bitcoin Cash seems to be the only viable solution for those who want to use cryptocurrency to pay and transfer cash. Given it has the head start of being usable and accessible, any adoption campaigns for cryptocurrency in the Philippines should include Bitcoin Cash.

People may not fully understand all the blockchain and cryptocurrency dynamics. They may only know Bitcoin among others. But by the time they use it for payment and see the fees, or even experience how slow it is first hand, they will gravitate to use the next recognizable cryptocurrency - Bitcoin Cash.

After all, Bitcoin Cash is made to be the peer-to-peer digital cash.

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Posted by7 days ago
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Posted by2 days ago
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Posted by3 days ago
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