BTC and Hive working together
BTC is the oldest and most well-known crypto currency out there. It is famous for its value and its decentralisation. Unfortunately, the block size makes BTC not really usable for e-commerce. Some attempts like the lightening network have tried to provide an answer but it's not really satisfactory.
Hive is actually already offering a solution for this problem. In the video, I show you how you can use Hive to transact BTC and how it would easily be possible to create an e-commerce solution for BTC using Hive.
The great thing about it is that all the pieces are already in place!
Let's connect ! You can find me on these platforms:
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Thats a great reminder and a super solution to store BTC but with feeless transactions on Hive. I know it would not be pleasing to the BTC purists out there, but it is very handy. I have started stacking some Swap.BTC. Are there any diesel pools you like with BTC?
I also started to stack some swap.btc. The diesel pool swap.hive:swap.btc has a huge volume with quite a lot of fees. According to tribaldex, the pool produces around 300$ worth of fees per month! With both tokens moving quite in parallel, I think it's a great pool to provide some liquidity.
I was thinking that would be one to look at, although I wasnt sure about the fees. 😀
Good question @mypathtofire !
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Thanks David!
Hive's solution for BTC's usability in e-commerce is a game-changer. With Hive, you can seamlessly transact BTC and create an incredible e-commerce solution. Say goodbye to the limitations of the block size and hello to a new era of effortless BTC transactions. Get ready to revolutionize the world of online shopping with Hive!
Excellent video.
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Thanks for the nice comment :-)
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Great. Thanks for guidance.
You are welcome!
Awesome thank you for sharing this information it will be very helpful for people i am sure @achim03 it is great when someone highlights these thongs 😎
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I keep telling people about SWAP.BTC here on Hive. I invest in BTC without even leaving the Blockchain. 😁 🙏 💚 ✨ 🤙
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It's a great way to collect BTC and not have to deal with transactions fees :-)
Exactly! I love it! 😁 🙏 💚 ✨ 🤙
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This video is very good and informative. It help me alot to know more about hive and bitcoin.
Thanks for stopping by!
Most welcome
Thank you very much for this, Achim. I've been aware of this for a while, and not only for BTC, but also for many other cryptocurrencies from other chains that have a SWAP counterpart here. One of the many diesel/liquidity pools in which I have assets is the SWAP.BTC:POB pool, where I receive SWAP.BTC as a reward every day. I keep adding more liquidity to it every day, which augments what I receive. It's pretty brilliant! 😁 🙏 💚 ✨ 🤙
!DHEDGE
Adding liquidity to such a pool makes sense and it can be an interesting income source. I just try to avoid putting in pools where the token pairs don't show the same value development for impremanent loss reasons.
The diesel/liquidity pools have definitely become a notable source of daily income for me, and I keep going deeper into them because I keep making more and more. Yes, I definitely understand that. 😁 🙏 💚 ✨ 🤙
Nice tip, thanks @tydnrain !
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@tydynrain! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @hirohurl. (2/10)
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I'm glad that you found it useful, David! You're very welcome, absolutely! 😁 🙏 💚 ✨ 🤙
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I have seen the SWAP.BTC feature but I just don't really know if I want to put them on Hive Engine. I just think people are use to lightning to pay for small transactions and I agree that it could be cheaper if people moved towards this structure though.
I don't really take BTC from outside and put them here but I try to swap for some btc on hive-engine. It's a nice way to accumulate BTC without having to deal with transactions fees.
Thanks for sharing! I personally prefer to use BNB (SWAP.BNB) for any conversion out from Hive because I think the transaction fees are lower compared to ETH and BTC.
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! help(no space) to get help on Hive. InfoBNB is definitely more economical than ETH, BTC. When I want to export money out of hive, I use LTC, this is even cheaper :-)
Ah thanks for the tip! Learnt something new!
Another very informative video - thank you @achim03 ! Reblogging this.
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@achim03! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @hirohurl. (1/1)
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Thanks for stopping by and the reblog :-)
Great job my friend it is good to know, BTC was the first crypto i sent to Hive on my personal account @achim03
@tydynrain nominated you for a prize in the draw 😎
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😁🙏💚✨🤙
Thanks for the nomination!
Yes, I truly love this... extremely powerful in terms of its effect and what one can accomplish!😎
So many hidden nuggets on hive ;-)
Great news. This video is informative. Hive is continually getting stronger and better. This is huge. Thanks a lot for sharing.
Thanks a lot for your comment!
Interesting and informative.
Thank you very much for sharing.
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Thanks for stopping by!
Fantastic video and quite informative. Thank for sharing.
thanks for your comment!
Great job buddy it is important for people to know Hive has it's on protocols in place to interact with other blockchains to trade @achim03
As an extra reward for spotlighting on @heartbeatonhive here are some tips have a blessed and wonderful day
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The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
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BTC is funny. Practically speaking it's overpriced, but considering the investors I can understand why it has become so famous and valuable. SWAP.BTC is so easy to overlook as an investment. SWAP.BTC and SWAP.HBD with SWAP.HIVE between them you have a perfect trading system, fast and with no fees!
Hive-engine is really a great trading place. Especially thanks to diesel pools that allow you to swap tokens with a very small spread and almost no fees!
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