BCH Fans

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

25/10/2020 by Idelto Editor

The privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is now available to users in various countries.

The latest version of the privacy-oriented Brave browser now has a Bitcoin.com widget that allows people to purchase cryptocurrencies like bitcoin cash (BCH). The widget is available to users in select regions such as the EU, UK, Australia, New Zealand, Canada, and Russia.
Bitcoin.com’s founder Roger Ver tweeted about the recent partnership on October 21. “Bitcoin.com has partnered with Brave to allow users to buy Bitcoin Cash directly inside their privacy-centric browser,” Ver stated.
According to recent statistics, the privacy-centric Browser has roughly 19.6 million monthly users and around 6.6 million active on a daily basis. Brave’s Bitcoin.com widget follows a number of other popular exchange widgets hosted on the browser.
The new widget announcement was extremely popular on the Reddit forum r/btc, as a great number of BCH fans were pleased with the added accessibility. “This is great news,” explained one BCH proponent. “Been using Brave for almost a year now. I think I’ve made about $50 and have tipped a lot of journalists with it.”

“A lot of people love BCH, and the Bitcoin.com service,” Jonathan Sampson, Senior Developer Relations at Brave said on Twitter. “We want these people to be safe, and secure when they’re using Brave. For this reason, a widget helps to protect their transactions,” he added.
Bitcoin cash (BCH) transactions are lightning-fast and fees are always negligible. According to data on Saturday, Oct. 24, 2020, the next block fee for BCH is $0.0014 and the current median fee is $0.0012. In comparison, bitcoin’s (BTC) next block fee is $4.64 and the current median fee is $2.35.

What do you think about Bitcoin.com’s integration with the privacy-centric Brave browser? Let us know what you think about this subject in the comments section below.

The post Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com appeared first on Bitcoin News.

Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad

18/07/2019 by Idelto Editor

Life as a Nocoiner Will Be Dismal According to the 'Last Chance' Bitcoin Crowd

Crypto Twitter (CT) is filled with half-witted commentary and price predictions by so-called luminaries, maximalists, and influencers. As the price of BTC has dropped to four figures, the usual tweets from CT thought leaders has insisted that this is the last chance to buy bitcoin for under $10,000.

Also read: Bitcoin Cash Update: Multi-Party Escrow, Vitalik Suggests BCH as Data Layer for ETH

This Is Your Last (Last) Chance to Buy Cheap BTC

The price of BTC is under $10K and you would think from some of the cryptocurrency influencers on CT that there’s a fire sale going on. Type the phrase “last chance bitcoin” and you will find a ton of BTC enthusiasts insisting that this is the final opportunity to purchase bitcoin for less than $10K. “Last chance to buy bitcoin under $10,000 — This is a remarkable opportunity, don’t miss it,” Knut Svanholm exclaimed on July 16.

Well known BTC influencer Anthony Pompliano, better known as “Pomp,” tweeted that his takeaway from this week’s congressional Facebook hearings was to “buy bitcoin.” In response to Pomp’s tweet, CT was reminded once again that the current BTC price dip is a “last chance” moment. “It’s one of the last chances if not THE last chance to buy bitcoin so cheap — Buy the fucking dip,” one individual wrote. Another Twitter account dubbed Fiat Minimalist‏ stated:

This could very well be the last chance ever to buy Bitcoin under $10,000.

Not everyone in the crypto ecosystem is so exuberant and some believe the recent trend of BTC hopium tweets is deceitful and childish. The Twitter account Spinbch.com‏ explained how Satoshi Nakamoto invented Bitcoin for uncensorable peer to peer cash, but BTC “ends up attracting toxic dumbass retarded screeching, ‘Moon! Lambo! Today is your last chance to buy Bitcoin under $10K,’” types. “Satoshi is sad, very depressed. At least Bitcoin Cash is on the right path,” the account added.

One would have hoped that people had learned not to tweet such predictions after the well known crypto luminary Charlie Shrem claimed last year that: “May 2018 will be the last time we see bitcoin under $10,000.” Shrem’s tweet was retweeted more than 2,700 times, but was at the receiving end of many jokes after BTC’s price dropped well below that price range. Still, people have continued to shout the “last chance” mantra every time. “Unpopular opinion: Bitcoin isn’t dropping below 10k again — That was your chance,” one person opined on July 15. In response, another individual wrote:

It’s true — you had your last chance — for those of you [with] whole bitcoin goals…get it now before your goal is impossible to attain.

Bitcoiners Are Royalty, Altcoiners Are Scammers and Nocoiners Are Just a Waste of Time

Besides the “last chance” gang of pumpers, BTC maximalists have been explaining what it will be like for “nocoiners” in the future. Nocoiners is the name BTC maximalists have given to people who have zero bitcoin and who may never own any. One BTC supporter declared that even giving crypto to nocoiners was a waste of time because they’d probably spend it. “That’s why I think sending free bitcoins to nocoiners is a waste! Cashing out now to buy a kitchen — LOL — It literally couldn’t be any worse — I mean… a kitchen,” they wrote.

The popular maximalist Pierre Rochard‏ explained that “bitcoiners start out sounding a little crazy, but the more you hear them out, the more sense they make — nocoiners are the opposite of that.” Then, this week BTC developer Jimmy Song revealed on Twitter that he believes there are three types of people: “Bitcoin maximalists, nocoiners, and people who are scamming or are being scammed in the name of innovation, tolerance, and open-mindedness and are very defensive about their project.” However, in response to Song’s statements, Joshua Davis said that nocoiners are literally the only group identified there “not constantly trying to sell you shit.” Even though nocoiners are labeled as despicable types, some maximalists still believe there will be a wave of nocoiners rushing in to buy bitcoin at any moment.

“The mainstream media reporting on BTC hitting $10,000 will cause a wave of nocoiners to FOMO in,” one guy insisted on June 21, after BTC captured the $10K mark again. “We can amplify that by getting the hashtag #BitcoinIsBack trending.”

The maximalist and “last chance to buy at this price” thought leaders have been tweeting these tropes for months now with no shame. CT account Trolly McTrollface‏ roasted the maximalist position on nocoiners, writing: “It’s paramount for every Bitcoin bagholder to believe that nocoiners are all dumb, incapable of change, or brainwashed/bought by the bankster lizards. The fact banks have invested billions in blockchain R&D, tested it and realized it’s shit, doesn’t fit the ‘moon moon’ scenario.”

It’s hard to fathom how new people entering the space must perceive the vitriolic maximalist tweets about altcoiners and nocoiners being destroyed by the bitcoin master race. Ludicrous forecasts insisting that BTC will never be under $10K or any other arbitrary number again don’t help anyone.

What do you think about the “last chance” gang and the hatred of nocoiners? Do you think behavior like this is attractive to the world outside of crypto? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Readers should do their own due diligence before taking any actions related to the subject material. Bitcoin.com and the author are not responsible, directly or indirectly, for any losses caused or alleged to be caused by or in connection with the use of or reliance on any content, advice and any opinions or predictions mentioned in this article.

Image credits: Shutterstock, and Twitter.

Enjoy the easiest way to buy Bitcoin online with us. Download your free Bitcoin wallet and head to our Purchase Bitcoin page where you can buy BCH and BTC securely with a credit card.

The post Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad appeared first on Bitcoin News.

South African Payment Gateway Drops BTC Over Fees and Network Congestion

13/07/2019 by Idelto Editor

On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

Network Congestion and High Transaction Fees Force Payfast to Drop BTC Support

According to a blog post written by Payfast, one of South Africa’s largest online payment gateways, BTC payments will no longer be processed after July 20, 2019. Payfast is a popular service provider with more than 80,000 registered merchants and was founded in 2007 by Jonathan Smit and Andy Higgins. The company blogpost details that unfortunately the company has found numerous limitations and “design flaws unique to Bitcoin that make it an impractical substitute for cash.” This includes high transaction fees and long confirmation times for Payfast customers. The company explained that it had tried various ways to mitigate the issues at hand, but had found that the underlying problem stems from the root of BTC’s fundamentals.

“The resultant poor user experience has led us to re-evaluate bitcoin as a payment method on our platform and a decision has been taken to discontinue support for bitcoin from midnight 20 July 2019,” Payfast wrote. The company further said that BTC once held the promise of a “global currency that would allow a faster, cheaper, and easier way to move money on the Internet,” but this never came to fruition. “Our aim was to enable that promise for our buyers and merchants, and to support this alternative to traditional payment methods,” Payfast highlighted. The South African company had partnered with the local cryptocurrency exchange Luno to provide an intermediary between a buyer’s BTC wallet and the Payfast service.

@PayFast Bitcoin Cash is the same version of Bitcoin that used to be fast, cheap and reliable. Bitpay supports it.

— ₿ Mike (@libertarianbit) July 12, 2019

Payfast remarked that buyers always paid the BTC amount, while sellers would receive a rand payment to their accounts. Luno also “locked the Bitcoin to ZAR exchange rate for a 10 minute window,” similarly to many cryptocurrency invoice solutions. For instance, the Atlanta-based Bitpay’s invoices last 14 minutes. However, if the person’s BTC transaction did not confirm within Luno’s invoice window, the payment was unsuccessful and a refund would be due. The Payfast blog post noted:

As Bitcoin has grown in popularity, it has become increasingly difficult for the network to sufficiently confirm transactions within the 10 minute time limit. Since the network isn’t able to handle the volume of instructions at the speed required, the majority of Bitcoin transactions on the Payfast platform ended up being unsuccessful.

A Tragic Trend of Lost Businesses Making HODL the Only Option

As the news spread across social media, some people said they had expected the announcement, while others were surprised and even a bit salty toward Payfast. Bitcoin ABC developer Amaury Séchet (Deadalnix) said on Twitter that “the tragedy continues — One more payment processor dropping bitcoin.” “Payfast, you might want to consider switching to bitcoin cash instead. You are experiencing exactly why the fork happened,” Séchet added.

However, well known member of the Monero (XMR) community Riccardo Spagni‏ said the blog post was a “Garbage article from Payfast on why they’re removing bitcoin support — Sounds like they have no clue how Bitcoin works.” One person replied to Spagni’s criticism and said that it was not polite to blame and name call Payfast engineers. “If the tech does not meet their needs, they can move to better solutions,” he explained. Payfast’s blog post further sparked a number of BCH supporters to vocalize that there was a solution available right now for Payfast and that the company should try bitcoin cash instead.

“I have made zero payments with BTC in the past 3 years, but dozens with BCH with no issues and paying pennies in fees,” a BCH supporter chimed in after Payfast made the announcement. “If you add BCH you will have my business.”

This isn’t the first time bitcoin core (BTC) payments have been plagued with complaints about high fees and transaction congestion. There have been many well known companies that have dropped BTC support for these very reasons. Back in the summer of 2018 the brothers Patrick and John Collison, the cofounders of Stripe, explained why the company decided to drop BTC.

The Collison brothers questioned the BTC community and told them they faced a fork in the road where architects of the software chose to optimize BTC to be a form of “digital gold or a store of value.” “At the time we made our decision, it was trending towards being a digital store of value,” Patrick told the press. He wished the BTC crowd the best going forward and insisted that “if it starts increasing [in use] again as a payment method, then sure, great, we’ll go back and we’ll add [BTC].”

Many other companies have dropped BTC support over the years almost immediately after BTC transaction fees started to spike infeasibly and became unpredictable. Businesses such as Expedia, Dell Computers, Steam Games, Reddit, Fiverr, and Paypal stopped supporting BTC. Moreover, many startups that were once looking to use BTC in applications also ditched the cryptocurrency network for alternative blockchains with cheaper transaction fees. Payfast eliminating BTC was also big news on Reddit forums and many crypto supporters sarcastically called the company’s move a “big win for BTC maximalists.” One Reddit user chortled:

Thank god all these wasteful use cases are being eliminated so that HODL is the only option for people which will ensure that moon lambos are handed out to all the Bitcoin Maxis by next halvening.

What do you think about Payfast dropping BTC support because of network congestion and high transaction fees? Let us know what you think about this subject in the comments section below.

Image credits: Shutterstock, Payfast, and Twitter.

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