Is bitcoin cash a good buy reddit

The original blockchain like Bitcoin remains the same, and the updated nodes split off from the original blockchain and create a new blockchain like Bitcoin Cash and the coins on the blockchain become separate and unique from the ones on the original blockchain. It uses digital signature and PoW that be verified in a blockchain for enhanced security. Bitcoin was forked to create Bitcoin Cash because the developers of Bitcoin wanted to make some important changes to Bitcoin.

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This subreddit was created to uphold and honor free speech and the spirit of Bitcoin; learn more about us. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital buh. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for 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.

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. You can also explore the Bitcoin Wiki :. Bitcoin Core is the backbone of the Bitcoin network.

This subreddit was created to uphold and honor free speech and the spirit of Bitcoin; learn more about us. 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 the need for 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. Read the original Bitcoin Whitepaper by Bbitcoin Nakamoto. See a list of past AMAs. If you are interested in having your own AMA, please message the mods and let us know. Get Started with Bitcoin.

Discussion Context. Expecially when people don’t have internet available. It allows people to text Bitcoin Cash! Texting sms Bitcoin Cash can be easily adopted by the general public. A merchant could be out in the middle of nowhere and still accept Bitcoin Cash. Pretty cool. Not just when there’s not internet, but also for simply onboarding people Technically your keys are not custodial held.

A wallet is generated from your phone number. I would argue that it’s custodial enough, maybe even worse than custodial: the entropy of the private keys are greatly reduced. Anyone that got hold of the algorithm and data to generate private keys from phone numbers would have a great start at guessing private keys holding coins.

Probably a fine tradeoff for small sums of coins, but for educational aspects, anyone should understand the above before they actually use cointext for anything. Everyone and their ks knows my phone number.

In fact, there’s books full of phone numbers that could be searched for coins. Is the SIM card invovled somehow? I doubt it. Where are private keys generated and using what information? I don’t work for cointext. I’m a bot, bleepia. Someone has linked to this thread from another place on reddit:.

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As the original cryptocurrency, Bitcoin is the base currency of the entire sector. The more the block size, the faster the transactions. All these changes are food to the fact that a Bitcoin Cash block in the blockchain is eight times bigger than a Bitcoin block. Bitcoin cash is becoming more and more adopted by the day because of. A fork is created when the original code of a blockchain is updated but only some of the nodes computers on the blockchain accept bbitcoin update. The main advantage of Bitcoin Cash is that it is cheaper and faster to use. However, you could invest into Bitcoin the way you cssh invest in gold — ls investment benefits. Many newbie investors see Bitcoin Cash as a cheaper Bitcoin with a lower entry point to the market. On this platform, you can use fiat to buy popular cryptocurrencies including Bitcoin and Bitcoin Cash through your credit card, bank account and. This makes the implementation of scaling solutions more difficult to agree on and implement to the network — not good at all!