More U.K. male millennials would choose Bitcoin over property.
https://ift.tt/2ICIZ9j Submitted June 30, 2018 at 09:26PM by stephenthomas55 https://ift.tt/2Kisrt7
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Showing posts from June, 2018
All I can afford right now thanks to Bitcoin, from the bottom of my heart.
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Let's convince CD Projekt (gog.com) to accept Bitcoin for Cyberpunk 2077
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Andreas on why Open Blockchains matter: "Open, Borderless, Censorship-resistant, Neutral"
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I like the fact that when bitcoin is $6000 it's crashing !
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This sub has paid bearish marketing campaigns active.
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Every time there is a sudden price rise suddenly certain accounts start to constantly post negative Bitcoin articles. u/JeremyTremp and u/connorculpin are just two examples of these accounts. Two accounts doing the same thing that both use a full first and last name. Now if you look at their post history:- . Has Bitcoin Entered the Doom Loop? submitted an hour ago by JeremyTremp Bitcoin skids under $6,000, closing in on 60 percent loss for the year submitted an hour ago by JeremyTremp Today In Cryptocurrency: Apple Bans Crypto Mining, South Korean Exchange Hacked submitted 42 minutes ago by JeremyTremp The other one:- https://cointelegraph.com/news/crypto-markets-see-red-after-hack-of-world-s-sixth-largest-crypto-exchange submitted 28 minutes ago by connorculpin Bitcoin skids under $6,000, closing in on 60 percent loss for the year submitted an hour ago by connorculpin Some Cryptocurrency Investors Are Giving Up on Bitcoin—and Cashing Out of Coinbase submitted an hour
Andreas Antonopoulos Says Lightning Network Solves Bitcoin Scaling Issues
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Uganda Is Set To Have Its First Crypto To Fiat Exchange Powered By Binance
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Ho Chi Minh (Vietnam) Can you see the Bitcoin sign?
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Wasn’t Bitcoin under $2k like just a year ago?
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I’m mostly a lurker and spectator. Seems like all of a sudden I’m hearing people say that Bitcoin is done but it’s still worth about 3x more than a year or so ago... for the longest time people were satisfied with under $2k but now that its correcting people are losing their minds? Is this mostly people that started to invest late and are just not satisfied that it isn’t continuing to grow at unreal rates? Mining is still lucrative at this price in my opinion. Peace! Submitted June 30, 2018 at 07:17AM by stonecoldsith https://ift.tt/2tRflIl
I've been in Bitcoin since Feb 2013: Why does each BTC transaction I send still feel amazing? It's like I'm witnessing a marvel.
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To this date (unless I'm really busy), whenever I send a BTC tx I'm always fascinated with what the mempool looks like at that time, which fee I sent the tx at, and that first confirmation is always "magic" to me. I know it's cheesy as hell, but sending a BTC tx feels like I'm accomplishing something small yet great every single time. I hope it never gets old :) Submitted June 30, 2018 at 09:17AM by Logical007 https://ift.tt/2KBfDKB
One million dollars per minute, 24 hrs per day, 365.25 days per year, for 6.5 years...
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The Federal Reserve created $3.5 Trillion USD, backed by nothing, over six and a half years. This is theft. The number of Bitcoins that will ever be created is fixed, and limited to 21 million. Bankers and governments cannot steal your wealth via inflation if you have (at least some of) your wealth parked in Bitcoin. Submitted June 30, 2018 at 05:33AM by DelfinGuy https://ift.tt/2IDy27v
Bitcoin a Buy 'Below $5,000', Says Allianz Chief Economic Advisor
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U.S. securities regulator unveils proposal to ease ETF approvals
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The SEC Is Seeking Comment on Yet Another Bitcoin ETF
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Let's clear this up with empirical evidence: Bitcoin doesn't need to be spent to have value.
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Why Bitcoin does not need to be spent The world has approximately $700-800T in non-derivative assets. This includes real estate, equities, bonds, commodities, cash, and all the bits of stuff people use in their daily lives. The majority of those assets are not used as a payment method. Take a look at this classic (yet flawed) infographic: https://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18 Cash, as in the type you can hold in your hand, makes up about $8T Cash, as in the type you keep in a bank account, makes up about $90T That means 6 out of 7 of the world's assets are not used as a unit of account or payment method. If you consider your own assets, you will probably find a similar ratio of cash-to-other-stuff (investments, real estate, cars). In other words, 6 out of 7 units of value in the world have their value from something other than their ability to be a unit of account or be used as payment. In order to have a
Not a car, but thanks bitcoin from the bottom of my heart
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I used all my savings (for a car) and bought Bitcoin. Not an AMG or a green car. Thanks Bitcoin!
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My prediction - take it or leave it. (Trading View Analysis)
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I dont post here a lot, but wanted to share with you some of my predictions that could happen using my Moving average charts on trading view. I will take you back all the way to 2013 first. https://i.redd.it/rm6l4drp7u611.jpg Here we hit the peak of the highest point so far BTC ever was on 11-28. Far above the 365 day moving average (and all others for that matter. By April of 2014 BTC was more than half of its peaked value just 5 months earlier. https://i.redd.it/ue1ipr758u611.jpg 2014 was a very slow year. In fact, the whole year BTC never recovered to its peak and by the end of 2015 BTC had fallen 70% from its peak. for half of the year BTC was below the 33 day MA, 55 Day MA, and 365 day MA. https://i.redd.it/ycy7iyhk8u611.jpg Half of 2015 BTC kept moving down, but the MAs were catching up. By July BTC had reached the 365 day MA at $272. https://i.redd.it/ufonq7yz8u611.png By October 2015 BTC had divergence with all the moving averages at $276. https://i.redd.it/b1vmlzc9
The bear market community
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First of all, do with your money what you want. If you want to sell your coins, do it. If you think it's the best time to buy, do it. And what comes next is just my opinion. I think it's really funny how many people in this reddit changed their mind about crypto in a short time. Prices are falling, people are losing money, not a good time I understand. But why are so many offending others in this reddit because they don't follow the mainstream? It seems like EVERYBODY knows prices will fall further. EVERYBODY is so smart to sell now (in some cases with losses) and EVERYBODY will buy back when prices are low enough. And if you don't do what EVERYBODY does you are not smart or stupid. The same people who follow the mainstream now asked this reddit months ago if buying BTC at 18k was not to late, and EVERYBODY said it will moon to 100k easily. What I want to say is: don't follow everybody. Not everybody can get rich. Some smart people will take advantage of the whol
Former Goldman Sachs engineer plans to air drop $300 million worth of bitcoin into Venezuela
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Tonight I bet with my dad on BTC price for EOY. I almost feel it’s not fair for the poor guy.
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“Give me control of a nation's money and I care not who makes it's laws" — Mayer Rothschild
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I hope I live to see the day that centralized banking dies. We need bitcoin to be decentralized and private. It’s doing a good job by staying decentralized by staying at 1mb and not giving control to miners, but now we need the privacy. Does anyone know how many devs work on bitcoin? I know Lightning has less than 10. You would think something so important and history changing would have more support and more devs. Submitted June 29, 2018 at 01:13AM by KalEll66 https://ift.tt/2lI73yM
Bitcoin was never meant to become an investment vehicle, it has been created to replace traditional money, finally shaking greedy banks to their core.
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Incredibly bleak moment milestone for Venezuela. The cost of one cup of coffee just hit 1 million Bolivars.
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Not an AMG but thank you Bitcoin from the bottom of my heart!
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Just announced:Ross Ulbricht's Case Will Not Be Heard by the Supreme Court
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Bitcoin is preferred to real estate for investments by 21% UK Millenials
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Bitcoin Most Likely to Gain Mass Adoption, According to New Business Executive, Investor Survey
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A Plan to Send Millions in Bitcoin to Venezuela Is Moving Ahead
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Nick might actually be the most highly regarded person in the entire cryptocurrency space.
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Coinbase to allow GBP deposits/withdrawal. Been a long time coming.
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Malta Parliament Approves 3 Crypto Bills And Blockchain Technology In Second Reading
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Bitcoin is ‘Amazing’ but Blockchain Is a ‘Bubble’: Steve Wozniak
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Q: "Is there a concrete plan to soft fork in Schnorr?" A: "I'm working on a proposal" <-- P Wuille does it again!!!
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Payments company Circle: 'We never left bitcoin'
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Hodling, Buidling, Spedning: Andreas Antonopoulos about anonymity, privacy and cypherpunk ideals
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Just found this news on Chinese web,its time to show ur bitcoins bro!!!
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Expedia.com no longer accepts bitcoin.
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Expedia.com, one of the largest sites to book flights/hotels on used to take bitcoin for years... i went on there to look at flights and noticed they no longer accept it. customer support said they stopped accepting it June 10th. that sucks! a lot of us in the tech industry get a portion of our salary in bitcoin and it was really good to use Expedia for flights. i wont be using them anymore! the only place left now that is reputable and accepts bitcoin for travel is CheapAir.com Submitted June 27, 2018 at 08:03AM by bowiestar https://ift.tt/2N4o8PJ
Facebook To Allow Ads For Cryptocurrencies, Maintains Ban on ICOs
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Oh. My. Fucking. God. Just stop asking when the market will go up again!
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In case some of you are new to bitcoin bear markets. Simon Dixon has some wise words for you to consider before you panic sell.
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Andreessen Horowitz Has Launched a $300 Million Crypto Fund
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The Lightning Network ⚡ will revolutionize a revolution
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Buy a bottle of coke.... trade some bitcoin.... grab a newspaper.... it’s casual
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Dutch Banking Giant ING Research Shows Bitcoin Interest will Double Soon
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CoinGate will be the first Bitcoin processor to implement Lightning for merchants on July 1
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The Lightning Network: a huge opportunity to learn and earn money
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Do not trust poloniex exchange, Stole my money and are ignoring me now
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Poloniex Exchange recently decided after 2+ years of doing business with them to require more information for my account, That is fine they have every right to ask for whatever they need ect. But don't ignore me and steal my funds. My account has been trading with them, small amounts, with a balance of 880$ USD for quite a while and never had a single issue and now all of a sudden my account is frozen out of the blue and I lost a bunch of trades that were set to auto buy back when the price dipped and they made sure to freeze my account at this point during a coin free fall before the buy back in what I can only imagine was there attempt to try to do the most damage to my trading account in hopes this would encourage me to jump on board and give them everything they wanted, but that will not be happening. I received no messages or emails from Poloniex support prior to this happening. I have all there email domains white listed in my email, and I had not logged into the actual we
Stay curious
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I got in during late December after reading up on bitcoin since early November. I was definitely the kind of dude who would hang around /economics and openly bash bitcoin to my friends, without having a clue what bitcoin actually was. Why do so many of us do that? It seems like a theme many of us go through. It's like I was defending my position, which was that I had missed out. It's some kind of cognitive dissonance that's hard to overcome if you're not curious enough, thankfully I became curious enough as i saw the price climb day after day. I've been interested in stocks and economics for years and taught myself through podcasts and audiobooks from the likes of Warren Buffett and people with similar mindsets. And when something challenges your view of the world, you fight back. I think a lot of people fight back, and if you're not curious enough to want to keep learning about the world, you'll keep fighting. I'm in to bitcoin for the same reason e
I'm loving the names people chose on the Lightning pokemon game (https://ift.tt/2HTnq3X)
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Saw this guy today, in case anyone needed a reminder
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$1.2 Billion Dollar Worth of Bitcoin Almost Set to be Returned by Mt.Gox
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Look at these brave souls, fighting the good fight:
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World’s Soon To Be First Completely Private Trustless Marketplace Integrates Changelly Adding New Utility To Bitcoin
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Particl Marketplace, which will be the first fully Trustless and Private (CT and RingCT) marketplace, just announced Changelly integration, allowing Bitcoin to be used To shop and do p2p commerce in 100% privacy for the first time ever. Do you believe this marketplace and future marketplaces like this are in demand and will add a large volume of utility to the bitcoin network? Are there similar marketplaces in development that use MAD escrow and have no third party involvement? Submitted June 24, 2018 at 01:56AM by PackerDent https://ift.tt/2towCce
Correcting a misconception: The cost of electricity to mine a bitcoin does not create a bottom for the price
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I've seen a lot of people repeat the myth that the cost of the electricity to mine a bitcoin creates a natural floor for the coin's price. In light of the rapid loss of value and there being nothing to stop this from continuing, I wanted to make sure that everyone who is holding the coin is aware of this so that they at least have a proper investment thesis formulated. The basic idea that claims the cost to mine a bitcoin has some fundamental correlation to value falls under the Labor Theory of Value, however this theory is a fallacy and does not hold up under market dynamics. Just because a person spends a lot of time or resources creating an object, does not mean that that object has value on the market. Submitted June 24, 2018 at 05:04PM by curiouscitizen100 https://ift.tt/2Kkdh5J
Bitcoin Price Hits 2018-Low at $5,825, Where Will it Bottom Out?
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If you dont love me at my worst you don't deserve me at my best - Says Bitcoin
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Thank you Samurai wallet for taking a stand against bitpay's crooked behavior.
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Received this message from Samourai Wallet when I tried to make a payment via bitpay. Very recently and without much notice or discussion with developers, one of the largest Bitcoin payment processor for merchants, Bitpay, decided to drop support entirely for the bitcoin standard scheme for displaying a payment request to an end-user known as BIP21. In replacement of BIP21 - which is universally supported and implemented by all Bitcoin wallet and service providers since 2012 - Bitpay will present a payment request to users that conforms to a controversial proposal that is not widely supported (BIP 70). What is BIP21? BIP21 is an open standard deployed and enabled by all bitcoin wallets and services since 2012. Following the rules laid out in BIP21 ensures that no matter the wallet software or service used, the QR code and payment request must be created and interpreted in one standard way. This ensures maximum compatibility and interoperability between software and services all ope
Don't panic sell! Hold your horses! This is the updated version of the crypto potential growth. When moon Sir please
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see you in 2020, bullruns are always 2-3 yrs apart, not 6months.
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When did we become such softies?! Bring out the old memes & gifs. We gon' be alrittteeee
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Switzerland Property agency accepts bitcoin to buy property! Seen in Zug; CryptoValley.
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Mt. Gox Begins Civil Rehabilitation – Ends BTC Selloffs
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Every time i use the legacy bank system i get reminded why Bitcoin is amazing
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Having to go to the bank to send a wire and driving through traffic Having to fill out papers Having to answer questions why I am sending money and where it came from Having to pay $20 to send my money Being charged 3% for currency exchange Having to wait 3-5 business days for money to arrive That's in Canada. In other places like Malaysia the bank systems are even more archaic. Having to pay to get bank statements older than 3 months Having to wait 2 weeks to receive them (really!) Having to go to the branch to get most things done Bitcoin removes all of these annoyances. If anyone asks why Bitcoin is worth anything... replacing these old, slow and inefficient banking systems with Bitcoin/LN is a huge improvement and worth a lot to society. And I've barely scraped the surface of what it is changing for the world's unbanked and other use cases where current banks are annoyingly archaic. When do you get annoyed at banks and how is Bitcoin going to change t
The place I went to dinner a few months ago now has this in all tables.
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We are living in strange times: 1) an international bank (!) is promoting Bitcoin on the front page of the official site, 2) by issuing a MasterCard, 3) designed by a Bitcoin exchange.
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Repeat of 2014 it looks like....we all know how this turns out in the end.
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Why is SegWit neccessary for the lightning network? How are they connected?
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Square has over 2,000,000 businesses and a CEO that loves Bitcoin. With one click, we could have a tsunami of new bitcoin merchants!
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Here is why i have faith in bitcoin, my short story.
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Hey guys, I wanted to share something many of you living in a 1st tire world countries might not relate to. I live in Egypt ... a beautiful very old place .. with inflation rate constantly between 7% -20% for the past 40 years, and some times 35% like last year. The value of our fiat currency which is called the Egyptian pound compared to the US dollar is as follows .. 3.8 EGP/USD in 2001 , 8.8 EGP/USD in 2016 , 17.9 EGP/USD today. Saving money for future in our fiat currency have worked very very badly as you can tell, top 1% of our society control around 48% of the wealth, and those doesn't own fiat, they own land, gold, factories and other assets .. leaving us with the worthless fiat paper. Freeing the exchange rate for our currency in November/2016 wiped out half the value of the fiat holdings for all the Egyptians. And here comes the moral of this little story, Letting the money valuation in the hand of some old stupid corrupt individuals in the government who wasted our har
I just paid over 11NZD in fees to send 100NZD overseas because my friend insisted on Paypal
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US Members Of Congress Must Now Disclose Crypto Holdings Above $1,000
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Dont tell anybody about your crypto. 250.000$ robbed.
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Just don't. https://imgur.com/gallery/OsYrbId Four men stormed into an Apartment in Wels ( Austria) and overwhelmed the owner and his wife, wich carried its baby. The intruders shackled their victims. Afterwards they blackmailed the man for the acces data for hit "crypto account", transfered crypto worth around 216.000€ ( ~ 250.000$ ) and fleed afterwards. sorry for bad translation. Submitted June 22, 2018 at 01:24PM by LEXARUS https://ift.tt/2yxE2Pz
My fiancee just snapped me this from downtown Boston.
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Coinbase is killing GDAX to make way for "Coinbase Pro"
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Brazilian musicians starting to accept Bitcoins
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What is so special about block 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a?
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CloudSight Announces Support for Bitcoin Lightning Network Payments
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Hashrate shows ATH as hodlers got a good news indicates bullish trend soon. #GoC
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Bitcoin Is Slowly Creating Nodes Of Prosperity In Africa According To Paxful CEO
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Amsterdam Installs First Airport Bitcoin ATM in Europe
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Nomi Prins: "Collusion: How Central Bankers Rigged the World" | Talks at Google
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Re-adjust your fees people. 1 sat/b transactions are clearing.
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Schiphol Airport (Amsterdam) allows travellers to exchange 'local' euros for 'global' bitcoins in a 6-month pilot
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FACT: Even if you bought Bitcoin at 20k in Venezuela, you're still better off than if you just held Bolivars.
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LN: The chances to route a certain amount of BTC between two random LN peers (Feb 2018 vs Jun 2018).
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2nd Korean exchange to be hacked in June: Bithumb just announced it lost $30,000,000 on June 18th.
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Traveling to Malta and finally come across my first bitcoin ATM! Out of service but glad to see it nonetheless.
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Bisq: Open source, multi platform, P2P (i.e. decentralized) tor-based crypto exchange
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Centralized crypto exchanges (coinbase et al.) are obviously at odds with the general philosophy of cryptocurrency. They've been extremely useful as a temporary measure to allow people to get involved, but allowing companies to have control over your private keys for any amount of time is not useful in the long term. I found bisq today and it seems like an ideal alternative, so I thought I'd try to spread the word. The title of this post pretty much sums ot up, but it's a well deisgned open source desktop client for buying and selling any coins directly between people, with independent anonymous arbitrators. You can store and encrypt all of your wallets locally, and your coin/identity/IP is never stored on any centralized server. I thought this was all pretty impressive, and it seems to me to be the best path forward in terms of long term usage, storage, and freedom of control over your money. here is a link to their website for more info Thanks for reading/ what do y
Paris Hilton's Father To Auction House For $38 Million in Cryptocurrency
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CASH APP, THANKS JACK!: Our customers in New York state can now buy and sell Bitcoin instantly with Cash App!
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Fuck Coinbase. Hire some support staff you pieces of shit so tickets don't sit for over a month with no reply. That is all.
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If bitcoin hits $7k by 2019 then the return over the next 6 months will beat most traditional investments
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If you had $6,700 in an index fund in June and it was worth $7,000 by the end of the year then that's a pretty good return, even after adjusting for inflation. That's the benchmark. To put it another way, assuming 7% compounding annual returns it would take about 15 years for $6,700 to grow into $18,500. If it takes a literal decade for bitcoin to recover from this crash, that's actually an amazingly good return. Submitted June 19, 2018 at 10:26AM by Baron-of-bad-news https://ift.tt/2MA0GcS
Yet another Lightning Network game. Here you can also win some satoshis
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I run the most southerly Bitcoin node in the world AMA
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The propaganda is real, buy their fear: "Agustin Carstens, general manager of the BIS, has described bitcoin as “a combination of a bubble, a Ponzi scheme and an environmental disaster”.
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Correlation between Reddit Daily Discussion Comments and BTC Trading Volume
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Bit Gold 1998 - Nick Szabo Bitcoin 2008 - Satoshi Nakamoto
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A friendly reality check
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I'm a relative newbie that got in just before the Thanksgiving bull run of 2017. I love Bitcoin. It has completely changed my life for the better. But... I work retail. I process payments for our customers on a daily basis. Our particular store uses chip readers for credit/debit cards and it gives lots of people issues. They put their cards in backwards or upside down. They select the wrong payment information or enter their PIN incorrectly. They pull their card out before the payment has been processed. EVERY DAY. My point is that we have a long way to go before Bitcoin can become widely adopted, maybe even decades. Lengthen your time horizon. Stop checking the price on a daily basis. I believe in the tech. I'll continue to be an advocate for Bitcoin, but it's going to take time. Patience is a virtue after all :) Hodlgang Hodlgang Hodlgang Submitted June 18, 2018 at 12:26AM by seads117 https://ift.tt/2MwUqCV
Some people are still paying over 1400 Sat/byte (~$22) transactions while 1 sat/byte ($0.016) are going through in the next block.
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Just some quick and very interesting math. $150 worth of btc today is the worlds smartest insurance plan on the future.
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Total money stock in the world is currently $84 trillion. $84 trillion ÷ 7 billion people = $12,000 We wont have 21 million coins in existance for our lifetimes, and I am guessing if bitcoin does end up dominating as global money it will take no more than another 20 years to do so, so lets use a conservative number of bitcoins, taking into account estimates of lost coins. Call it 19,000,000. 19 million ÷ 7 billion people = 0.0027 bitcoin. In essence this means if bitcoin works and dominates as global money sometime over the next 20 years then 0.0027 bitcoin will purchase the same amount of goods and services that $12,000 purchases today. $12,000 × 83.33 = $1,000,000 0.0027 btc × 83.33 = 0.225 bitcoin Conclusion: Even you hate bitcoin you need to admit that no one knows what the future holds. So there is no way of knowing if bitcoin will work or not. Think of bitcoin ownership as insurance on the future. Today you can purchase 0.225 bitcoin for $1460. If bitcoin dies well yo
CFTC: Cryptocurrency Is a "Modern Miracle", Says Commissioner
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I don’t mean to be crude, but since we finally have Pokémon apps for LN, I think it’s time to move into porn. No seriously
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Be careful of this website: "blockckhain.info"
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When you go there it tries to get your login. I was suspicious when I got an email "You've got bitcoin". Luckly LastPass didn't recognize the website so thats when I noticed it wasn't the correct URL. Be careful friends edit: I dont use blockchain.info so thats why I was suspicious to begin with. Submitted June 17, 2018 at 02:43PM by firstbowtie https://ift.tt/2t4BDqo
Bitcoin hash rate is at ATH in Q2 2018, network is more secure than it's ever been
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3,600 seconds in an hour, that means if you don't make $36 per hour, then it's worth one second of your time to bend down and pick up the penny. Trade all your pennies for satoshi
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Study Finds Bitcoin Mining Energy Consumption Highly Overestimated - BTCNN
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I'm addicted to Lightning Network (no don't need help... yet ;-))
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shatoshis.place celebrates 10 Million Pixels! - time lapse from 14-06-2018 to 16-06-2016 -
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One year ago nobody talked about bitcoin, now it s on my TV everyday...
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New Zap wallet will integrate lightning payments (send and receive) into iMessage.
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Walmart Wins Patent for Electrical Grid Powered by Bitcoin
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Ukraine Bitcoin Fans Aim to Put Satoshi Nakamoto Statue Where Lenin’s Once Stood
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Reason why BTC continues to move the entire crypto market
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Citibank fined $100 million for interest rate manipulation
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What the Growing Interest in Bitcoin Among Women Means
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Satoshis.place ‘s oficial time lapse: very first pixel until 14-06 pixel count over time
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My full node on RPi3. Added lottery miner for fun
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This single website for testing out #LightningNetwork has more active users then all of the top 10 mEthereum #DApps combined...
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Market cap is an arbitrary argument pitching Bitcoin into a 1 versus many scenario that proves little. Bitcoin will always have the ultimate defacto feature that no other coin will ever gain from this point onwards, complete decentralisation from a governing body (eg. dev teams).
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[Showerthought] Bitcoin is a "User Activated Soft Fork" of the current financial system - A user driven change to the consensus rules that does not invalidate the old rules.
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In 2012 (the good, old) Jeff Garzik replied to a question on whether it's possible to "force" a change (to SHA-512) on the network without having the hash power "to back it". He replied There is no "force", there is choice. Each user chooses the software they run to validate the chain. If a majority of users choose to switch to SHA-512, that is what will happen, regardless of the number of miners who switch. 51% hashing power, or even 90%, means nothing if clients collectively refuse to accept and relay your blocks. -- Jeff Garzik, July 14, 2012 Bitcoin is the same. It doesn't matter how many institutions "support it", or "back it", or "adopt it". What matters is user choice - If users collectively stop accepting fiat for their work, that is what will happen, Bitcoin will prevail. (But it won't invalidate fiat, hence a soft fork.) Just like $billions in mining power have to bow to a swarm of RasPi's
Effective Now: Coinbase Cryptocurrency Index Fund Now Available…To Big Investors
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Overstock.com: Bitcoin Better than Credit Cards
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A time lapse of Satoshi's place (an LN powered graffiti board), from 07:26 Jun 12 to 19:14 Jun 14. NSFW-ish.
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What saddens me is that we are not united anymore
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I am involved since long time ago. I don't really care about the price anymore. What saddens me is that we are currently under attack. First it's the division of our community in two. My personal opinion doesn't matter but we are not united anymore. Wherever you mention the word Bitcoin people reply like "oh it was a bubble in the end right? I told you about the tulip story". Many now say "umm yes maybe it was" instead of actively defending the technology and giving out the vision we had about global money. The biggest technological forum's mods, Hacker News, are haters. They downvote all comments related. But noone is there to defend. Everybody is focused on how to short and became a bear since February. To me shorting the most parabolic asset ever is just plain silly but many disagree. If you show the chart from 2008 to someone that doesn't know anything about it and tell them you are shorting he will conclude you are a mad man. We spent
Tim Draper Confesses He is Buying More Bitcoins
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[⚡️] The SendToRoute command has been merged into lnd, which allows channels rebalancing!
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William Shatner's new enterprise: A solar-powered bitcoin mining farm in southern Illinois
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Bitcoin hash rate looks good dispite the price.
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Bitcoin Core : Release v0.16.1 · bitcoin/bitcoin · GitHub
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Today I onboarded 2 institutional investors
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I was invited to speak for ~30 CFOs and COOs of European Investments funds about Bitcoin and "Blockchain". It's a small sample group, but here are some takeaways people may find interesting: Most of them were very surprised when they found out Bitcoin isn't primarily used by criminals and that it's not the protocol, but exchanges that are getting hacked. The influence of the media is strong. Some of them read that Bitcoin is V1 and something else with better technology will emerge to overtake it. They thought they missed the boat on Bitcoin and were looking for this next thing. (I explained that most inventions can be copied by people working on projects with larger network effects) The expectations of what Smart Contracts will do were huge. Regulation is a big question mark to them and has held them back from getting involved. They were very skeptical about "blockchain" (permissioned blockchains) because they didn't see immediate use cases of
“BIG NEWS” Switzerland Bank Offering Crypto Currency Bank Accounts. A Great Step Towards Crypto World
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Success takes time. We are pioneers of a new worldwide financial system. Let that sink in.
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India likely to lift ban on cryptocurrency trading
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Using my old unused PC to run a BTC lightning node ⚡️⚡️
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Good news for "Bitcoin Lighting Wallet" users - soon we should have improved LND compatibility
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"The Sandwicherie" in Paris accepts Bitcoin, cards refused
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Vivek Wadhwa (WaPo) loses 2 year BTC price bet with Wences Casares (Xapo). Instead of conceding, says Bitcoin is a Ponzi and Wences is a fraud.
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Here's what 'Institutional Investors' are waiting for:
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I just had the most enlightening conversation with one of my clients and I want to share the key ideas with you here. This person is a technologist who is working for a major financial services firm that is developing some tools and infrastructure for BTC trading. We were casually discussing the price fluctuations over the last few days and this person explained the viewpoint of this particular institutions management with me (they didn't name the firm, so I can't offer any clues - feel free to speculate). Here's what was outlined to me: The major financial services institutions know that BTC prices are driven by trading, not holding or spending (not 'utility', in the common sense of the term) and they therefore view it like gold (an arbitrary value store). They believe that BTC will have a market value based on the wealth that they (and their clients) choose to give it, just like they do with gold. They know that the 'asset' they are concerned with i
Just use lightning network for the first time. Was amazing!
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Took about 10 minutes to go from not having anything to buying a skype prepaid card. Steps: Downloaded the ECLAIR wallet from the google play store Loaded the wallet with some BTC Opened a clannel with ACINQ Node Went to bitrefill.com Requested to buy a Skype $10 gift card Scanned the code Had to wait for BTC and Channel to confirm (3 minutes) Scanned the code again Instantly got my gift card. This is amazing technology! Submitted June 12, 2018 at 04:45AM by blckeagls https://ift.tt/2t0z3Rb
BetterHash Aims to Increase Bitcoin Mining Decentralization
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Found this in r/germany: "In 1923 during the worst inflation rate the world had seen, that amount of cash would have bought you a loaf of bread. The next week that same sum would have bought you only one slice." by u/geomatica Photo by u/coreyisthename
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Almost 500,000 People In Switzerland Voted For A Bitcoin-Like Financial System
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Admission to the 21 Million Club is suddenly affordable again.
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Would you like: "give BTC" option on reddit
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I thought this would be a good option since "give gold" is a thing reddit staff is pursuing. This could bring along the best answers, but I'm sure there will be many many downsides as well. But would you give for good answers? UPDATE : TipBit is great and does exact what "give BTC" should; you register via a DM to the bot account, the bot replies with a deposit address, and then by commenting u/tip_bit /u/SOMEONE 1 where 1 is in mBTC and otherwise u/tip_bit /u/SOMEONE $1 for dollars, the bot will send the money to u/SOMEONE . But, I do not trust this bot, you shouldn't either. BANANO bot seems like a good option, but I have my doubts. But check out the cool commands those people created! (Psst, comment !ban 100 on any post) u/NimiqTipbot is similar to the above. Submitted June 11, 2018 at 12:53PM by gumgumwot https://ift.tt/2sNNxVl
6 months ago all I would get were BTC and crypto ads. Now all I get are these.
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Looks like we have another fire-sell today for BTC....
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Could the CFTC Commissioner's UN speech be any more positive?
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If you want #bitcoin to rise, teach Austrian Economics to people.
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6,932,309,904,123 bolivares were traded in LocalBitcoin Venezuela during past week, which equals to 529 BTC. Exchange rate is around 2,500,000 Bs. per USD. Minimum monthly wage is 2,550,000 Bs. around 1 USD per month.
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Hello, Venezuelan living in Venezuela. Just posting the updated number for this week. https://coin.dance/volume/localbitcoins/VEF/BTC See my older posts to see the full context, any question AMA. I just want to explain something I saw in older posts, some people say that the exchange rate is around 80,000 Bs. per USD. That is the fixed rate SET by the government, no one sells at that rate, only the government does and it's limited, they sell only around 1millon USD each two weeks which of course is NOT enough to supply the country demand. So there is a black market / street market that works with supply and demand. Anyway, if we use the exchange rate set by the government minimum wage would be around 32 USD per month (2,550,000 / 80,000) One kilo of meat is around 5,000,000 Bs. so using street rate that is around 2 USD using government fixed rate that is 62.5 USD, which one makes more sense? Submitted June 10, 2018 at 06:07PM by WorkingLime https://ift.tt/2sLy7B3
Reminder, there is a MASSIVE 46+ BTC bounty for those able to create a fungible option for bitcoin.
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55POUNDS FEE FOR A 1000POUNDS TRANSACTION WITH PAYPAL ..... and you all say BTC is expensive?
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I had to give Paypal 55Pounds for them to transfer 1000Pounds for me. If i wanted to transfer 1K in BTC What would it cost me? A couple pounds and you all call it expensive. I dont think most of you know about the fee's Banks and services like paypal really take. Anyways just wanted to post it to show the positives again in the Bitcoin Network, even during November/December during the highest Fee's for BTC, it was still cheaper then Banks and Services like Paypal - AND ITS MUCH QUICKER AND A LOT MORE PRIVATE - Please tell me there is no future for a truly scaled BTC and i will slap you lol. Submitted June 10, 2018 at 01:16AM by SadisticCrypto https://ift.tt/2Hzel0g
One of the top market regulators in the US said this week that cryptocurrency is a “technological revolution” that will one day be a part of every national economy.
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I just did some nonlinear modelling and forecasting. The bitcoin global hash rate will quadruple by the end of the year. This is crazy!
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Why Bitcoin Will Crush All Other Coins in Value
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While it's true that low market cap alts have the ability to outpace Bitcoin in percentage returns in short term periods of time, they ultimately have upper limits on their ultimate value. Bitcoin is first and by far the most well known to the public. It's listed on every exchange. All other coins follow Bitcoin. The only thing that makes alts attractive is the one thing I believe is about to change. The price of Bitcoin is going to decouple from the price of alts soon. The SEC has made the correct determination that ICOs and coins like XRP and ETH are probably securities. Take Ripple for instance. The company has issued 100 billion tokens and owns 60 percent of them. While it may be true that the platform could survive without the company it would require co-operation from the company for that to happen. Ripple sold 140 million dollars of XRP in the first quarter even though the price has fallen 70 percent. There are investors in Ripple the company that have taken cash out
If I ever buy anything with Bitcoin, I quickly buy back what I spent and a bit more; I call it my future me tax.
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Bitcoin trading in Venezuela is skyrocketing amid 14,000% inflation
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Found that in an article on medium and wanted to share that with you guys
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Bitfinex has frozen my account with more than 500 BTC
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Hello, I am a user of Bitflinex. I had a terrible situation - my account was blocked nearly 5 months ago. I wanted to take advantage of services of the exchange but I failed to withdraw my funds. I received the following letter on my e-mail: Your account activity has triggered a number of automated risk flags in our platform. This in itself is not a big problem, however when this happens we wish the user to provide some information in order to understand the user's account history and objectives... The support of the exchange wrote it was just a simple verification of identity. But the problem has taken more than 5 months already and I can’t stand it and wait anymore. Every time the support of the exchange demanded new proofs and varifications. Though, they could make one list with all the requirements at once. They did it on purpose to play for time and not to get my account unblocked. After 3 months of long intercourse correspondence I fulfilled all the requirements for verif
Do Not Trust Lumi Wallet [tl;dr: their web wallet sends your mnemonic phrase to their servers]
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Van Eck CEO: We’re Closer Than Ever To Making a Bitcoin ETF
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Andreas eloquently explains why Bitcoin is the great invention, not blockchain tech.
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London tube crypto ads are getting bigger and bigger...
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Coinbase Acquires Financial Services Firm, Plans To Become SEC-Regulated Broker Dealer
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[Daily Reminder]: bitpay is only compatible with a few selected wallets. Merchants please consider open source @btcpayserver tools for receiving bitcoin😀
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Bitcoin has gone 173 days without hitting an all-time high — its longest stretch in about 2 years
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R3 2015 "Bitcoin is dead" - 2018 and R3 Bankrupt lol :P
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Bitcoin ETF Dreams Kept Alive With New SEC Filing
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94,000 BTC found hoarded in mysterious chinese bitcoin whale.
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Swiss holding referendum to stop banks printing money
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Bitcoin ATM installed in my little hometown, Békéscsaba. 4th ATM in Hungary
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The SEC Says Bitcoin Can Replace Sovereign Currencies And Cryptocurrencies Are Not Securities.
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Im not anti-btc, but theres something I dont understand
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How could BTC be used as a payment solution in stores when i takes at least 10 minutes for a transaction to confirm? Do you just gotta wait in the store until the payment is confirmed? I'm guessing I'm missing something but please don't hate on me for being stupid. Submitted June 07, 2018 at 01:28PM by Snomannen https://ift.tt/2JoovCD
Bitcoin + Segwit + Lightning: ~3.5 Million tx / sec ... and growing!
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Mike Novogratz says Institutional money is getting ready to move in and Crypto market will likely reach $20 trillion.
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The Bitcoin hashrate jumped nearly 5 exahash in the last 2 weeks alone. To put that gain in perspective, it took ~8.5 years for the entire network hashrate to reach 5 EH for the first time. Miners are entering at an astonishing rate. (credit https://ift.tt/1l4CrT4)
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I don't save my money on bank account anymore - who else like me?
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I heared about Bitcoin when the price is about $200 - but at that time, I searched about it, and completely ignored it. It wasn't interesting for me at that time. As I am growing older and learning more about econimics as my hobby, my view has been changed. So I revisited Bitcoin not that long ago - and then I figured out this is 'the sh1t'. This is the next big thing. I researched all cryptocurrencies and blockchain technologies for couple monthes - I barely slept and ate while I was researching. Bitcoin blew my mind it's because it IS perfect technologically and economically. After that, I decided not to put my money on the bank. Saving money on the bank account doesn't really make sense. And also, I pulled out all my money from the stock market. I told this my parents, and they called me I am crazy haha (I haven't told this to all my friends though, and I think I won't). And for me, I don't really care about today's Bitcoin price. If the price
Apple Co-Founder Wants ‘Pure’ Bitcoin to Be the Currency of the Internet
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I appreciate the no-paywall, but why not accept bitcoin donations, theguardian?
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Wozniak also said something far more important, pertinent and worth reiterating
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When asked about altcoins, he rightly pointed out that ALL altcoins compromise on the quiddity of blockchain, trustlessness and decentralization, to have a business model. That's exactly what altcoins are, a business, a scammy business. Any ledger which does not practice permissionless, decentralized book-keeping is not immutable, not trustless and is effectively the same old GAFA gang(Google, Amazon, Facebook, Apple) under the pretext of 'blockchain technology'. Next time you see a 'blockchain project' with C-suites, just say, "No, thank you!" Submitted June 05, 2018 at 08:12PM by xcryptogurux https://ift.tt/2sGEzs8
Ledger: "The initial version of the Ledger Wallet desktop native application (replacing our Chrome apps) will be released on July 9th."
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Hospital in Seoul is accepting Bitcoin as payment
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Great proposal by @TheBlueMatt to increase mining communication protocol efficiently, replacing Stratum. By handling work & payout information separately, hardware owners can decide what blocks to mine, reducing centralization around mining pools. h/t @Stadicus3000
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GMO unveils new miner: 24 TH/s, 1950 W, designed in Japan made in Taiwan, $1999. CEO: "I respect Bitmain, but we will top them."
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Banks are running scared. Youtuber Merchant Account shutdown for accepting FIAT currency for Crypto-Courses!
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"I am on vacation, let me play for a while" - says Bitcoin :)
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Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency
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So I guess from now on the "300" meme will be used for counting the number of times Bitcoin died. 300!!!
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Oxford Analytica periodic forecast: a paragraph estimating the crypto trend for 2018-2019
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Bitcoin ATM being advertised in retail magazine across the UK.
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China State TV: Blockchain Is "10 Times More Valuable Than the Internet"
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Quantum Computing 'Poses No Realistic Threat' To Bitcoin: Research
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Microsoft Is Said to Have Agreed to Acquire Coding Site GitHub
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iOS lightning wallet that is already live on the app store...
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I told a friend in January, " Don't worry, don't check the price for 6 months." He sent me this today...
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Just got into cryptocurrencies and already can tell it’s going to change my life and the world. Wow this is an exciting time!?? Like the birth of our generation’s Internet
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Bitcoin being sold at Artbox in Singapore, one of the hottest youth events year-round
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Lost 3BTC to scammers
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So. On Wednesday, I set up an offer in Mycelium app to sell 3 BTC. This guy got back to me, asking for my Telegram ID. After a little chat we decided to meet up in Rotterdam, the meeting point we agreed on was Marriot Hotel. 3 guys showed up, one of them was aged around 25, had a Belgian phone number, claimed to have a business in Belgium etc. Other two were 45+, looked like Romanian to me. They spoke French to each other. We had a little chat, youngster started telling how long he’s been trying to convince his uncles to invest in Bitcoin, to me they sounded like Bitcoin rookies. After a while the uncles offered me to go to the bathroom with them to count the money, my friend stayed outside with the youngster. As we got inside the bathroom, I checked the notes for different security features, everything was good and I handed the stack back to him to put it in the envelope for me. Big mistake. While walking back outside, one of them told me to stay between them, as to leave an impres
We are already growing faster than the number of internet users at that time! great comparison
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The Queensland beach town where you can pay for your holiday in bitcoin
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New Lightning Wallet for iOS and Android that gives you the security and stability of a full LND node. https://ift.tt/2LTA2vl
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Romanian Ministry of Education Website Forces Users to Mine Bitcoin and other Cryptocurrencies
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1 out 3 wealthy people want to invest in Crypto according to a report. Good time to buy Bitcoin says expert
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Open source Bitcoin Lightning wallet written in Swift looks great!
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Venezuela weekly update: Minimum wage in Venezuela is 1.3 USD per month (1 USD less than last week). One USD is around 2,000,000 Bs. (Bolivares) (last week was 1,400,000 Bs.). Inflation is around 25,000%, living here!
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Hi guys, I'm living here surviving and documenting everything (you can check my older posts). LocalBitcoin traded 474 Bitcoin last week (which is 4,913,249,752,178 Bolivares) https://coin.dance/volume/localbitcoins/VEF/BTC https://www.forbes.com/sites/stevehanke/2018/05/31/venezuelas-inflation-breaches-25000/#475553106d57 Government wanted to shave off 3 zeroes this weekend but none was prepared as it was a rushed decision it was delayed two months. So we expect ridiculous prices with a lot of zeros next weeks. Submitted June 02, 2018 at 06:32PM by WorkingLime https://ift.tt/2smrp4j
Ask not what Bitcoin can do for you. What can you do for Bitcoin?
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Quebec Government to Remove Electricity Ban on Cryptocurrency Miners
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A third of wealthy individuals are in or planning to enter the cryptocurrency market, firm says
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Istanbul to Amsterdam in 5 days, crossing as many countries as possible and only using bitcoin. First day was a success, turn out Istanbul is very bitcoin friendly!
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McDonald's Switzerland is advertising with Bitcoin
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I made an info-graphic. There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year.
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29% of Germans Interested in Investing in Cryptos, Study Finds
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I have just started accepting Bitcoin on my website!
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More People Opening Crypto Trading Accounts In Brazil Than Traditional Securities
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Japanese Internet Giant to Launch In-game Bitcoin Rewards
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Adoption of Bitcoin in Atrium Mall Karachi, Pakistan
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Buy bitcoin now while it's still cheap, says cryptocurrency hedge-fund owner
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The IRS is everywhere (2018 colorized and bastardized from better image on Imgur)
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Bitcoin has a chance to be featured in front of 475 merchants, we need to win the vote in order to get featured!
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Saifedean Ammous: The Bitcoin Standard - book presentation in Vienna, Austria
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Ultimate Guide to Securing Your Bitcoins - How to NOT Get Hacked 101
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