Topic: [ANN] BITGESELL - Store of value (Burn rate is 90% of tx fees) #realstoreofvalue - page 16. (Read 27966 times)

when listing gate io?

Thank you for your valuable contribution! Adding to the list:

1. Safer mining algorithm
2. Halving each year
3. Txs burning mechanism / lower supply in the long term
4. Low cost transfer fees (maybe the table could state the actual/approximate transfer fees in $ at the time of publication)
 5. Low cost mining operations (maybe the table could state the actual/approximate mining fees in $ at the time of publication)
6. Much lower market cap (difference is hundreds of thousands)
7. BGL NFTs
8. BGL - WBGL bridge on both eth and bsc
9. Hash rate (details)
10. More compressed size of the blockchain

https://watcher.guru/news/hotbit-crypto-exchange-suspends-service-after-subpoenas
Check this news for some full details.
However I think that "glass is half empty". It seems funds are safe and there was not any fraud/hacking behind this block.
Let's see when they resume their activity. Price of BGL has not been impacted despite hotbit is actually the largest market

Even if I am not a supporter for that kind of services, I think this is a good chance for a new Centralized Exchange that allow BGL trading ...

Well, Hotbit as usual, they were hacked, now the involvement of a former employee in a criminal scheme and the blocking of Hotbit funds by law enforcement, what is happening there for the second year in a row, I hope some details will appear soon.

Announcement on the Suspension of Hotbit Website Service

Dear Hotbit users,

we regret to inform you that Hotbit will have to suspend trading, deposit, withdrawal and funding functions, the exact time of resumption cannot be determined at the moment.

Source > https://hotbit.zendesk.com/hc/en-us/articles/8074249353495

I think the more compressed size of the blockchain is also an advantage.

I believe its great that this future article will target non-crypto audience. From my personal experience, currently most people have heard about bitcoin, however, many of them are hesitant to buy a fraction of BTC for thousand of dollars. At the same time, any given investor can buy thousands of BGL coins, a better version of BTC, for just several hundred dollars which makes an investment to BGL an affordable one. I do think that this idea should one of the core points of the article as this may appeal to new investors.

At this time I am suggesting for all members of this thread to contribute to the list of advantages of BGL compared to BTC and I hoping to reach other members who posted here previously as well. Lets have a "brainstorm" and hopefully we could come up with potentially new ideas which will be useful for the comparison of BGL vs BTC. I am going to start this list and like said above, hopefully other members will add more:

1. Safer mining algorithm
2. Halving each year
3. Txs burning mechanism / lower supply in the long term
4. Low cost transfer fees (maybe the table could state the actual/approximate transfer fees in $ at the time of publication)
 5. Low cost mining operations (maybe the table could state the actual/approximate mining fees in $ at the time of publication)
6. Much lower market cap (difference is hundreds of thousands)
7. BGL NFTs
8. BGL - WBGL bridge on both eth and bsc
9. Hash rate (details)

One thing that I would mention at the beginning of the paper is that crypto is still in its infancy and many crypto investors deeply regret not investing in BTC about 10 - 12 years ago...

Transactions are still stuck into the bridge: dc908734b123c71d3fc45aea9b621c1f274771392e2e18635b401878da10e28e,
32640ba1e33eaa72c58f0eb26ae84e9d6db83f7900d2d3513519b576dc28a8df.

Guys, got the thing about stuck txes, the bridge held much better this time, but one thing emerged recently probably due to RPC provider error or rate limiting,
We would investigate and add handling of such case. All stuck txes would be either propagated or returned (give me 1-2 days max), your BGLs are safe.

Anyone send BGL to my wallet to make the first BGL exchange in history?

bgl1q6sv8hh42upz9cyvhvtsfkkrakupn4k6lmlue40

Bought 600 bgl today on trust wallet pancake swap and installed node for support. good luck . seems cool  you need more youtube video that contain how to buy. etc


edit:Price %50 Volume %1500 Pumped today. Added 1600 bgl more. Holding 2200 BGL 

New stuck transaction BGL-WBGL bridge. Please check it again.

I fully agree in highlighting some aspects that differentiate/improve this crypto from bitcoin.
the project home page summarizes a whole series of interesting information
(I would like also see a couple of information that differentiates this crypto from some shitcoins such as the distribution without ICO or the wide decentralization provided by mining and distribution during the previous months)

Last but not least, considering that the magazine will not be specific for crypto enthusiasts, I would also refer to the chapter of the NFTs that you have implemented.

Good Luck and thanks for the news!

This is great news! Thank you for sharing this with us.

I agree with FutureBitcoin's opinion to include a paragraph or two regarding BGL algorithm. Great idea!

I would strongly recommend to include a table that shows advantages of BGL compared to BTC (e.g., txs burning mechanism, low cost transfer fees, low cost mining operations, low market cap, etc.). From my personal experience in research, I believe that readers generally pay more attention to things like tables and graphs rather than to a plain text.

Just my two cents... Thanks again!

  

Good sound, Emma!
I think we need to pay attention to the new hashing algorithm. After all, if a vulnerability is found in the bitcoin SHA-2 algorithm used, then you can say goodbye to mining and all the huge ASICs power. And the algorithm used in BGL is more secure, so Bitgesell - is the future (my nickname is just right for this coin 😉).
I also wanted to ask if there is an opportunity to use the Lightning Network for BGL? I saw this was asked in the telegram channel.

Hi dear community!

Could you help me please regarding this? A tier-1 media article about BGL is planned to be published soon please share ideas (preferably news-like it's more appropriate for the article format) what should be covered in it!

Hi guys, I had checked the status tables, there were 3 txes stuck since 29th of June, respective amounts were returned to sender addresses.
The next stability update for the bridge is underway, please understand that it's in testing phase yet, but the stuck funds are safe and would be returned, just not within minutes.

Have a good one!

New stuck transactions: eb8bd8df3a84199fc3680cd49d23daeaf89e0020fa2434af5b7b0df0130bd964, ccd680208bb3587868adcf81ab36eafb7544060b81e307f263e569415c56d922. Please, send it through the bridge.

I got it. Thanks.

Hi Castor!
The BGLs were returned from the bridge to address you specified. Checked txes, and indeed some of them were bridge 'payment to itself'.
Please don't use for now combined path like WBGL(Eth)->created BGL address->link this bridge owned address to WBGL(BSC)->WBGL(BSC)

This way of using is really creative by the way but let's keep simple single transfers for now (BGL->WBGL or WBGL->BGL)