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Following Bitcoin Cash on its rise to global reserve currency.

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Wednesday, 13th December 2023

#101:

ThorChain &

BCH

feat. familiarcow

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CashTokens & Bitcoin.com Wallet?

  • Quick follow up to the discussion with Roger on the last episode
  • They’re watching it, but not diving in deep immediately as expected:
    • SLP & sBCH failures don’t inspire confidence
    • Dev tooling still young/lacking
    • Price feeds, graphic assets / icons, documentation need work
    • Needs to be ready for millions of users immediately
  • Totally fair, will be ready in time

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familiarcow

Thorchain Builder, Communications Director @ 9 Realms

https://twitter.com/familiarcow

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Time to ThorSwap?

USD $230.61 (slightly up). 1 BTC = 182.6 BCH (down slightly).

1 ETH = 9.6 BCH (flat). RUNE #40 @ $5.90, 1 BCH = 39.08 RUNE

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ThorChain

  • Cross-chain DEX supporting BTC, ETH, BCH, LTC, DOGE, BNB, AVAX, COSMOS
    • $178M in swaps / 24H, $1B TVL
    • Validators run a full node of each supported chain
    • Transfers are detected by OP_Return (or similar) data on each chain
    • Streaming swaps for large vol.
  • 104 active validators (since 201
    • Who runs the project governance?
    • How distributed & resilient is the project to capture?

https://thorchain.org/

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RUNE

  • Native token for ThorChain
  • RUNE is created in response to demand in the liquidity pools
  • Rune is staked by validators, ensuring it’s never profitable to rug the Liquidity Pools or chain itself
  • Each liquidity pair is matched 50/50 against RUNE, thus more exchange volume creates demand for RUNE itself
  • Recent huge pumps are probably creating excitement in the community?

https://thorchain.org/

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BCH on ThorChain

  • More fees generated by ThorChain than BCH?
    • BCH currently around ~$350 fees / day
    • THOR pool ~$250 - $1500 fees / day
  • “Saver vaults” where coins can be deposited to provide liquidity separate to RUNE exposure
    • 7 305 BCH currently deposited
    • Around 7% APR currently
  • What can the BCH community do to be more actively involved in this project?

https://thorscanner.org/pools/BCH.BCH

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BCH incident

  • In March there was a case of widespread alert from ThorChain about an undiscovered affecting 280+ chains
  • The BCH community had to react to seeming accusations that there was a bug in BCHN or other node software
    • Vulnerabilities in Bitcoin Core had been left unaddressed in DOGE software but had been fixed in BCH
  • Poor communication from the team either during or after this event left a bad taste in people’s mouths

https://twitter.com/familiarcow/status/1634759477516746755 (DELETED)

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BCHGuru Private Alpha

  • BCH Guru private alpha launches
  • Much anticipated app announced in May is becoming reality
    • Dev takes time!
  • App allows competitive price predictions, leaning into the speculative nature of lots of crypto
    • Demand drivers arriving on BCH
  • Are ThorChain likely to do anything like this?
    • Promotional NFTs? Prediction markets?

https://bchouse.fly.dev/profile/bchguru/status/f184ccac-f120-41c5-9ec3-f909f0b24a95

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Civil Pre-War Intensifies

  • Luke Dashjr’s Ocean pool has a mempool policy of only 40 bytes (instead of 80), leading to Samourai Wallet coinjoins being rejected
  • Divisions continue to spread among the many & varied BTC parties as to what Bitcoin is for & what is/isn’t censorship
    • Ordinals certainly seem to have solidified into the culture, despite threats to take action
  • What will we see in 2024?
  • Will anyone have the guts to actually force a split?

https://twitter.com/SamouraiWallet/status/1732584009442443336

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https://twitter.com/PRguitarman/status/1732857218138087660

Meme of the week

Elizabeth Warren shrilling

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https://t.me/SeleneWallet/9167

Community comment of the week

Ninjadot locked & loaded

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https://t.me/thebitcoincashpodcast_discussion/80023

Community comment of the week 2!

It’s working

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MESSAGE TO

THE COMMUNITY

Open platform to speak to the Bitcoin Cash community, with any thoughts, advice, feedback, criticism, encouragement, story or point of view you feel should be more prominent or appreciated.

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Supporter Appreciation

​

Donators!

Patrons

  • Ricky
  • HP

Sponsors!

  • General Protocols
    • Check out bchbull.com

Flipstarter (Eps 96 - 105)

  • majamalu (Marcelo)
  • molecular
  • Shadow of Harbringer
  • toorik
  • emergent_reasons
  • imaginary_username
  • Cheapy (CL)
  • pat
  • mini_satoshi
  • sandakersmann (Marius)

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That's called obsession

It's something that you live

The only single thing that matters

After your wife and your kids

​

Cos if you can't learn to float

Then you sink or you swim

Start guide, FAQs, links at www.bitcoincashpodcast.com

If new: Listen to Episode 85!

Shoutouts for the show

bitcoincash:qrd42d00chgnnhppashg9p6jcvua0p57d5yu42p2t4

Thanks for watching!

​

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