Lightning Progress 8/31
https://ift.tt/2PptGVd Submitted September 01, 2018 at 12:15AM by eeddeedde https://ift.tt/2osaD1n
Posts
Showing posts from August, 2018
New coffee shop in Montreal, Canada 😌bitcoin accepted + heated by miners in the backroom! The future is now 🤓
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Does it drive everyone crazy when they are forced to make payments using traditional processors who charge ridiculous fees and wait time? Fuck the banks, bitcoin is coming for you!
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Eminem and Royce Da 5'9" just gave btc a shout out on Em's new album Kamikaze
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F.A. Hayek in 1984: "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop."
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Up in the Transylvania mountains, in the middle of nowhere
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John McAfee’s ‘unhackable’ Bitfi wallet got hacked — again
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Argentina's central bank hikes rates to 60% as the currency collapses - The Contagion Spreads
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The IMF threw $50 Billion at Argentina to prevent this from happening. No Joy !!! The Contagion IS Spreading and no amount of fiat will stop it. BTC for the Win !! https://www.cnbc.com/2018/08/30/argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.html Submitted August 30, 2018 at 10:27PM by Callcover https://ift.tt/2LH5R97
Venezuela Shatters Bitcoin Trading Records With 500,000,000 Bolivars Per Week
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"Bank of America is freezing accounts of customers suspected of not being US citizens" And they say Bitcoin is risky?
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Bitmain apparently got two of it's main patents invalidated and seems to have lost any and all ability to innovate
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I used Western Union to wire 4000 dollars to my family back in the Middle East. I paid 78 dollars in transfer fees and 116 dollars in currency exchange fees. Let that sink in
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I also choose the cash option if I were to go with a debit card the fee was going to be 320 dollars Do you see the money being made? Does it make sense now why they try to fight a public ledger that anybody can view and use? Borderless currency without those greedy entities telling us what to do I’m butthurt Submitted August 31, 2018 at 03:25AM by thekcoinz https://ift.tt/2Pn3xGz
Yale Professor: Bitcoin should be an indispensable part of an investor's portfolio
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My reaction when I spend hours explaining to my colleague that bitcoin is valuable because it’s the first piece of digital scarcity, the hardest money, and a global open access decentralised payment system, and he still insists it’s the same as tulip bulbs
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Bullish Sign? Bitcoin Reddit Traffic Rises For the First Time Since 2017
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Venezuelan govt blocks bank accounts of people leaving the country
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Venezuela's Maduro is exemplifying how the banking system can be weaponized for political purposes. Political oponents and millions of people simply leaving the country to avoid starvation are finding access to their meager savings blocked. This can happen, will happen, in many other countries. It is the logical conclusion of the cashless society... unless Bitcoin wins and gives people their monetary sovereignty back. Submitted August 30, 2018 at 04:31PM by flix2 https://ift.tt/2LE1bRu
Near $1B are currently on the move from a Silkroad related wallet
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It seems that the owner of a huge # SilkRoad related wallet is moving funds actively since 3 days, dividing it in chunks of 100 coins by subwallets. The original wallet owned 111,114.62 $ BTC / $ BCH , which is currently valuated ~ $844M (without taking in account other #Bitcoin forks). Last movements on these subwallets are 4 years and 5 months old (March 15th, 2014). The chunks have been divided over time to 60,000 coins then to 30,000 / 20,000 / 10,000 / 5,000 / 500 and now 100 coins. # Bitcoin : https://www.blocktrail.com/BTC/address/1KyJr2L6CN5XhDfv9Sb5q3kjKwFCrRxTLy/transactions # BitcoinCash : https://www.blocktrail.com/BCC/address/1KyJr2L6CN5XhDfv9Sb5q3kjKwFCrRxTLy/transactions Does the owner intend selling it on the market soon? Submitted August 30, 2018 at 07:18AM by sick_silk https://ift.tt/2C25MO2
MUST READ!!! This is the front of the Bitcoin Revolution. "The underground mining network in Venezuela"
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https://hackernoon.com/extortion-police-raids-and-secrecy-inside-the-venezuelan-bitcoin-mining-world-6e97a25e7402 Mods, I attempted to share the link but it was already submitted a long time ago without much attention. I feel that this is the direction that many countries are heading towards in the future. It may become illegal for individuals to mine Bitcoin. Submitted August 30, 2018 at 05:59AM by diamondcuts17765 https://ift.tt/2MX8clj
Morgan Creek Capital CEO calls out Bitcoin fudders on CNBC interview.
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Square has 2 million merchants, a patent for a crypto payment network, and a CEO who loves Bitcoin. I'll let you connect the dots...
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Bitcoin Transaction Value Reaches $1.3T As it Passes PayPal and Discover
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Bitcoin Accepted [Everyw]here: Square Patents Crypto Payment Network
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Let's take a minute to remember the Pineapple fund
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https://pineapplefund.org Tons of great causes were donated bitcoin, and it helped improve the image of bitcoin during the last bull run, and straight up made it more fun. Let's hope more long time bitcoin hodlers will follow that example. There's no doubt that it increases joy and morale in Bitcoin. Go out and micro-donate some mbtc to newcomers if you can. We're very insulated here in r/bitcoin and in reality too many people still think btc is only used on the dark web. We still have to change the perception. Happy hodling (and sharing) Submitted August 29, 2018 at 11:32PM by satellitemoney https://ift.tt/2N0lP2R
STEP 1: Build time machine. STEP 2: Go back to 2009. STEP 3: Invest everything in Bitcoin. STEP 4: Cash in December 2017. STEP 5: Fund construction of Time Machine....
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BTC,com, a mining pool owned by Bitmain, publishes a blog entry celebrating SegWit and "bright future" for Lightning as scaling solution
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Just spotted my first Bitcoin ATM! I was walking into a gas station just outside of Chicago when i saw a sign saying "Bitcoin Sold Here!" This was very exciting to me as i have never seen one in person, its great to see more and more of these popping up around the country!
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The Bitcoin network is Decentralised. Full Node count (visible) 9740
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Whoever has just added 6+Exahash power to BTC in the last month, thank you from the BCH community
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I thank you for not diverting your hash rate to BCH and doing an overwhelming attack on the BCH network that would cost BCH investors unaware of this real risk a small fortune. It would clearly be trivial to rob anyone who was daft enough to put money into the BCH network these days now that sort of power has been wielded. For instance someone controlling that sort of hashing power (6+Exahashes) could easily pull off a 51% attack on the insecure BCH network with a mere 4 Exahashes protecting it. A simple deposit of say 1000 BCH (Today's value of around $600k) to an exchange, wait for 2-3 blocks of deposit time, exchange to BTC, withdraw the BTC (Around 85BTC at writing), now fork the BCH chain to reissue the last 5-6 BCH blocks (perhaps taking 1-2 hours) merely omitting your original BCH transaction and ta-dah you have that 1000BCH back to double spend on another exchange and gained $600k of real value. If people were still in la-la land believing BCH was secure and continued u...
TIL Bitcoin can be sent without an internet connection
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This is getting insane. The Bitcoin hash rate has reached 61.8 EH/s. An increase of 35% in 2 days!
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Bakkt CEO explains NYSE backed crypto platform will be for investors not traders
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This is hilarious. CSW showing off his stupidity again.
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This is a 1 year chart on Bitcoin's price. Notice that despite the ATH in December, Bitcoin still gained over 60% overall. Let this serve as inspiration.
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Former Bitcoin fork creator recants: "Bitcoin forks are an attack on BTC. They have all failed miserably."
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Just turned off Netflix. Going to watch this instead...
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My Brewery Is Accepting BTC For Beer This Saturday!
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We are a craft brewery in Los Angeles called Iron Triangle. If you're in the area, come check us out. On Sept. 1 you'll be able to come in and buy beers with some of the top cryptocurrencies. See list below for accepted currencies and facebook event: Bitcoin (BTC) Etherium (ETH) Ripple (XRP) Bitcoin Cash (BCH) Litecoin (LTC) Monero (XMR) Dash (DASH) Etherium Classic (ETC) Zcash (ZEC) Cardano (ADA) and.... Dogecoin (DOGE) https://www.facebook.com/events/1014226368758285/ Submitted August 28, 2018 at 12:23AM by panthrosrevenge https://ift.tt/2P83ajh
Bitcoins hashrate & difficulty levels have been on an epic bull run
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A year ago on Aug 24 2017, the mining difficulty and hash rate was considered to be off the charts high. The network was battle tested for over 8 years and the hashpower just kept increasing nearly the whole time. 1 year ago the the idea of becoming a profitable miner required a seriously major investment...I recall thinking that "this hash rate rate can't possibly continue to climb at this rate, it MUST be near the max." 3 days ago was Aug 24 2018...a full year later and the Bitcoin mining difficulty increased to 6,727,225,469,722....One year earlier it was 888,171,856,257 you see how many times it doubled in the last year? The predicted increase for the next adjustment is 7.1%!! Now a 7.1% increase of last years difficulty level is considered a lot, but 7.1% of the current level is like adding 50% to what it was a year ago. That's hard to comprehend it's so high, and this is a bear market, right? Who could be investing so heavily into mining? The power of th...
Nassim Taleb is punking out paul krugman about bitcoin on twitter right now.
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Peru, Chile, and Argentina are breaking BTC exchange volume records this summer
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The Lightning Times Issue #2 is out - a summary of what happened in the world of Lightning Network in the past week
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2020 Bitcoin Halving Will Push Prices To $60,000 Says Bobby Lee
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Got blocked by CSW on Twitter as he did not understand burner addresses.
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With more and more companies working on solutions to solve some of crypto’s biggest problems Bitcoin is closer to breaking into the mainstream than ever before
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"Bitcoin is the only medium guaranteed to not be debased, no matter how much its value rises." -- Saifedean Ammous
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For most of human history, some physical object was used as the store of value. The function of value storage did not need a physical manifestation, but having one allowed for making the supply of the store of value harder to increase. Bitcoin, by not having any physical presence, and being purely digital, is able to achieve strict scarcity. No divisible and transportable physical material had ever achieved this before. Bitcoin allows humans to transport value digitally without any dependence on the physical world, which allows large transfers of sums across the world to be completed in minutes. The strict digital scarcity of the Bitcoin tokens combines the best elements of physical monetary media, without any of the physical drawbacks to moving and transporting it. Bitcoin might have a claim to make for being the best technology for saving ever invented . Submitted August 27, 2018 at 01:27AM by DelfinGuy https://ift.tt/2wovXs5
17 years ago Ballmer called Linux "a cancer". Today we all use Linux in our smartphones.
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Venezuela update: After knocking off five zeroes, one BTC is trading at BsS. 550,000. In the last 24h 56 BTC were trading in LocalBitcoin. That gives a exchange rate of 81.5 BsS./USD, which is higher that the new rate set by the goverment of 60.25 BsS./USD.
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By the way, CoinDance still doesn't work because they haven't updated the new iso code of the new currency (It was VEF now it is VES). I used www.dolarbeta.com bot to get that info (i think the creator is a redditor). If they allow the "free" exchange of crytos here (looks like they want to), they will set the price of the cryptos. For example, the exchange rate they use is 60.25 BsS. / USD. Using the price of 6,600 USD/BTC. that gives us 397.650 BsS./BTC. But at localbitcoin it's trading much higher (at least 25% more). They insist in controlling the prices OF EVERYTHING even the crypto. Inflation keeps rising, even the government had to increase some prices like public transportation (they increases are from 0.002 BsS. to 0.5 BsS. and even more. I'm a bit worried because for now the gasoline is free, but.. Soon they will increase the price to "international levels", so around 0.6 USD per litre maybe.. I won't be able of using my car (Reme...
Bitcoin Transaction Volume Tops PayPal, Creeps Up on Visa
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It's not a lambo, but still cool. Seen on I94 in Michigan.
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Merged PR from jimpo: BIP 158: Compact Block Filters for Light Clients
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Bitmain is in shambles - People are leaving and seeking to raise capital to compete with them! Shit is falling apart faster than anyone could have predicted
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BTCC Founder: The Next Bitcoin Halving Will Push Prices To $60,000
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Bitcoin Q&A: Schnorr signatures and the privacy roadmap
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"The fundamental scam of modernity is the idea that government needs to manage the money supply." -- Saifedean Ammous
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...every attempt to manage the money supply has ended with economic disaster. Money supply management is the problem masquerading as its solution; the triumph of emotional hope over hard headed reason; the root of all political free lunches sold to gullible voters. Submitted August 26, 2018 at 01:10AM by DelfinGuy https://ift.tt/2Nhxqrs
Craig Wright proves to the world that he is a world class programmer.
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This is my granddaughter Zeynep and she has her 1st Bitcoin. She'll be hodling till she's 18.
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I bought her 1 Bitcoin that she'll receive when she's 18. When she turns 18 she'll either have a good laugh about my stupid investment, or be a millionaire. I'm hoping for the latter of course. :) https://i.redd.it/oeokqknw7ai11.jpg Submitted August 25, 2018 at 10:55PM by antoniavie https://ift.tt/2wl98Wa
Reddit co-founder: Why I’m betting on bitcoin despite its volatility
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There has been a lot of talk about a Bitcoin ETF. As a result, I've posted the following open letter addressed to the SEC.
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Hello, My name is Malcolm Rose and I run an educational website about cryptocurrencies. I'd like to talk for a moment about something that's been on all of our minds lately: the prospect of a Bitcoin ETF. Hester Peirce is an SEC commissioner who has, unlike some of her colleagues, consistently expressed open minded and positive sentiments about cryptocurrency. When she posted this tweet indicating that the SEC was open to receiving responses from the public regarding various questions it had about cryptocurrency, I knew that I had to do my part. I have emailed the following open letter and also posted it on my website . I don't know if they're going to bother reading it, but I am remaining optimistic; why else would they have asked for feedback from the public? In any event, if I can clear up any misinformation I will consider this to have been a worthwhile endeavor. Please read my letter and let me know what you think. Signal boost this by tweeting about it or e...
Support companies like Overstock.
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If people support companies who support crypto, it will only help adoption. Overstock seems it could really take adoption to the next level with the amount of financial backing they have received. Their success would help tremendously. Submitted August 25, 2018 at 10:47AM by HitWithTheWOWeffect https://ift.tt/2Nj5vrc
BTC is bitcoin. BCH is dying. The value of bcash can't even hold on to 10 %
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Satoshi's Vision - Its a construct
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Just thought I’d put forward my own opinion about what I believe Satoshi’s Vision is, create some food for thought. To start with I’d like to make these two rather bold but factual statements: Satoshi’s Vision is a construct Satoshi’s Vision does not exist Now I'll explain. The Bitcoin white-paper is a technical brief or a how-it-works, it does not describe a vision and the word vision is nowhere to be found within the white-paper. Satoshi did not outline a grand vision, there was no philosophy. His dialogue was mature, practical and to the point. However we continue to hear about Satoshi's Vision. So where did this nonsense about Satoshi’s Vision come from? I searched the internet and filtered the results by using the search-by-date function. I found the term popped up around the time the scaling debate was raging. What people seemed to be doing and are still doing, is using this term ‘Satoshi’s Vision’ to endear others to their viewpoint about scaling and protocol c...
I explained bitcoin to a smart kid and he asked me some difficult questions
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I was recently explaining bitcoin and blockchain to a kid - he’s a smart one and he asked me: Who is creating the mathematical tasks for the miner computers to solve? If they get more and more complex and difficult to solve, how are they being created in the first place? Are they already implemented in the code? If it’s possible to upgrade the bitcoin protocol to improve it, is it not also possible then to change the rules? For example to remove the limit that there will only be ever 21million mines bitcoins? I couldn’t answer these questions- anyone? Submitted August 25, 2018 at 12:25PM by seolein https://ift.tt/2P62tHk
Will the Latest Bitcoin ETF Licence Be Approved, And How Will the Market React If It Is?
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[NO ETF] Everyone should have control of their private keys.
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Monthly reminder: There's only 3.7 million BTC left to mine (>80% already mined), and only 637 days away from next halving.
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Japanese Star Honda Receives $40 Million in Crypto to Promote Exchange – Do you think Japanese crypto businesses can promote Bitcoin using soccer superstars?
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Lightning Network convinced me to run a full node.
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Ive been here since a long time and I've never really had a compelling reason to run a full node other than to verify my own transactions. But since the inception of the lightning network and all the funny / cool / silly apps that are cropping up, I decided to fire up my own to explore the programmability of layer 2. I feel like L2 has the potential to attract more web devs and js script kids like myself to this space. Has there been a significant increase in nodes since the inception of LN? Edit: Would also like to mention that im running on a pi3b+ i found for $30 with a 1tb external hard drive that cost me like $50. Im using the memory card to boot from an usb stick because my mmc kept getting corrupted. Syncing took pretty long like 5 weeks, dont know if that is normal, but might have to do with my setup. Edit 2: I followed this excellent guide https://github.com/Stadicus/guides/blob/master/raspibolt/README.md Submitted August 24, 2018 at 07:02PM by shtcoinr https://ift...
Boost for Bitcoin? Germany Aims to Withdraw From US-Led Financial System
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BitPay needs to go.
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What a stupid company. I literally had to use an external tool to decode their stupid "payment request" in order to get a normal bitcoin address I can send funds to. Not only that, but they don't even use SegWit, yet they charge too much for fees. So not only am I going through the hassle of getting the actual Bitcoin address, I pay my own miner's fee and THEIRS TOO! And in the end they tell me I sent it with a too low fee. The transaction confirmed in 2 blocks. Fuck you shitpay. BTCPay will make you obsolete. Submitted August 24, 2018 at 06:32PM by Kalin101 https://ift.tt/2MxoCRV
Summer 2018 has been the shitcoin purge we all needed...
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MtGox Civil Rehabilitation claims now open. EVERYONE WHO CLAIMED IN THE PAST MUST CLAIM AGAIN.
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Announced today on MtGox's website: https://www.mtgox.com/ People who never claimed in the past should be able to claim under Civil Rehabilation, so it is not too late. Deadline is October 22nd 2018 to fill a claim. If you lost your credentials/old email used to sign on MtGox, you will not be able to claim online and will need to claim offline, so DO NOT WAIT. If you submitted a claim in the past on MtGox or with Kraken, YOU NEED TO CLAIM AGAIN . The procedure changed from bankruptcy to civil rehabilitation and you need to submit a claim. I believe you might lose your claim if you do not submit one under the civil rehabilitation process as bankruptcy is no longer in play. Kraken is also no longer involved. Under civil rehabilitation, your claim is not a fixed price per BTC at time of commencement of bankruptcy. Everyone will be entitled to their fair share of all remaining BTC held by the trustee. Claims will not be locked in at the 50058.12 JPY valuation per BTC and Mark wil...
Just got a bitcoin ATM installed at my store anyone welcome to use it just Teach me a little about it
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ETF rejections have become the new "china bans bitcoin"
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Reading old business magazine is my hobby. This one is from Forbes 2011
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Bitmain now requires full KYC to buy miners "due to regulatory compliance requirements" (by @WhalePanda)
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Lightning Network 2.0: Understanding the next wave of Lightning Network innovations (self post)
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See it like this: SEC is the guardian of bitcoin and every rejection is keeping bitcoin more independent and more sovereign. They know it as well: Bitcoin ETFs are completely unnecessary.
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Germany calls for global payment system independent of U.S.
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Bitcoin dominance at 53.3 percent and rising! Getting rid of shitcoins.
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We didn't need Silk Road, We didn't need Mt Gox, We didn't China ... & we don't need a Bitcoin ETF
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According to Researcher, Banks Consume Over Three Times More Energy Than Bitcoin
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Banks Consume Over Three Times More Energy Than Bitcoin
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IN CASE YOU DIDN'T READ IT: The SEC disapproved the ETF because "unidentifiable participants can influence the market". If someone manipulates the broad Bitcoin market, the SEC requires that they be identifiable. THERE WILL NEVER BE AN SEC-APPROVED BITCOIN ETF. Get it out of your minds and move on.
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A new page is now available on Bitcoin.org to help users stay informed about different types of scams
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Looks like even altcoin CEO's are Bitcoin maximalists
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It looks like Bitcoin is scaling perfectly. Next step LIGHTNING ⚡
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Within the last 7 days, an impressive 46.88% of traffic for Bitcoin Monitor on Android came from Venezuela. Hats off to what you’re going through and good choice!
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Bisq 0.8.0 version. Face to face trading now allowed.
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Australians rock! They just did a big favour to bitcoin and crypto by mass adoption
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Myth Busting: Bitcoin Mining Is Not Necessarily Bad for the Environment Says Clean Energy Researcher
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Breaking: China sources report Bitmain has some $560 mln in commitments for this pre-IPO round. Key investor is @Temasek threatening to withdraw due to Jihan misrepresenting info. Jihan is on calls trying to salvage deal. Chances of the deal breaking up is extremely high now!
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I'm long BTC, but this pretty much sums it up. DYOR, DYODD, etc.
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Can't be told often enough: NOT YOUR KEYS, NOT YOUR COINS! Satoshi once said: "If you don't believe it or don't get it, I don't have the time to try to convince you, sorry." He was so right! Always keep that in mind. Also when messing around with worthless ETFs (where there are no keys).
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TIME FLIES: Bitcoin halving ETA now less than 600 days away! 🚀
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Submarine Swaps are Now Live on Mainnet
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Here's the link: https://submarineswaps.org/ A while ago Alex Bosworth shared some of the work he is doing to develop swap technology. Among the various types of swaps he was working on ( click here for a rundown in text), a tech called "submarine swaps" was the one he was closest to completing, and now he's got a version running live on mainnet. (Try it out here .) Submarine swaps can be explained in several ways, but one of them is this: it allows basically any blockchain user with almost any type of cryptocurrency to make payments on the lightning network without even running a lightning node. In principle, submarine swaps can work with any cryptocurrency that supports a few very basic scripts, ones that almost all of them already support. By this method you can trustlessly make lightning payments using almost any cryptocurrency. As a result, the lightning network will no longer be limited to just bitcoin and litecoin. Eventually you'll be able to submarin...
We're officially in the longest stock market bull run in history. Thank god we have Bitcoin for when this all goes south.
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Underated news... Fidelity Investment Begins Offering Bitcoin ETN
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Premier League clubs trial cryptocurrency as experts predict bitcoins will replace sterling in transfer industry
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Segwit Percentage new record: 45.47%. Inching towards 50%.
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As Lira Collapses, Turks Are Piling Into Cryptocurrency
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2.7 million online stores can now accept Bitcoin. Fully peer-to-peer too!
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Bitcoin Core 0.17.0 is almost ready (Release Candidates coming soon)
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Bitmex has set up a lightning node. (Not accepting deposits)
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With out any due respect, can I just call this guy a... cash-hole?
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Winklevoss’ Gemini Teams Up with Bittrex, Bitstamp, bitFlyer to form Self-Regulatory Organization (SRO)
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When you overhear your co-workers talking shit about your bitcoin investment
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‘Bitcoin Jesus’ Is Having a Hard Time Winning Over True Believers - Bloomberg news
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[Bakkt] "our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper claim on a real asset."
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Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015
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In may 2015 /BTC-OTC/ scammed me and other 6 persons using bank transfer chargeback which led to my bank account being closed and all my funds frozen for 45 days. At the time BTC-OTC was one of the most reputable traders on Localbitcoins. I shortly reported this to localbitcoins.com whitch led to BTC-OTC's account being banned and funds being locked - HERE also made a police fraud complaint to the relevant authority in UK Localbitcoins freezed the funds stating the following in my support ticket - HERE Since then I've been actively trying to get my coins with no result receiving only one single reply on my support ticket in 8 months When contacting Max on linkedin his reply was - HERE When contacting Max on reddit his reply was - HERE nevertheless 6 months passed with no reply on my ticket. I emailed Jeremias Kangas (CEO & Founder of LBC) with no success. Also in my numerous visits at Metropolitan Police with this issue I was advised the same, this is a localbitco...
Venezuela devalues bolivar and pegs it to a cryptocurrency
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Bitcoin-Friendly Square Cash is Now More Popular Than Venmo
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[NSFW] Crypto Ads keep getting in the way of my market research
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Bitcoin Hashrate Increases in A Bear Market, Investors are Still Optimistic in the Long Term
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Max Keiser interviews Austrian economist Saifedean Ammous about bitcoin
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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars
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Looks like someone solved the 1BTC puzzle from back in May
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Original post: https://old.reddit.com/r/Bitcoin/comments/8kk0pa/1_btc_is_hidden_in_this_puzzle_good_luck/ Address mentioned in the original post: https://www.blockchain.com/btc/address/37XTVuaWt1zyUPRgDDpsnoo5ioHk2Da6Fs Current balance is zero, the BTC were transferred 3 days ago. I am curious to know how it was solved! Submitted August 19, 2018 at 10:14PM by scottmsul https://ift.tt/2MpiNWD
The Bitcoin Standard, written by @saifedean Ammous, cuts through the hype and examine crypto technology through a rigorous Austrian lens. The result is a phenomenal book.
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[GUIDE]: How to run your own lightning network node on Windows 10
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As Iran turns to Bitcoin and its own cryptocurrency to avoid sanctions, maybe it's time to build another Stuxnet
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WOW! Bitcoin mining continues to get more decentralized! BTC dot com and Antpool hash rate percentages continue to drop as new independent miners enter the market. 👍
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TIL: Hal Finney, first receiver of Bitcoin and also regarded as Satoshi, cryopreserved his body in hopes to come back to life in the future
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If we want more people to join the market, we need to make the process of buying and storing Bitcoin as simple as possible. Here is The Complete Guide for Bitcoin Wallet.
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An Bitcoin ATM inside a mall in Bratislava (SK). The price for buying 1 BTC was 5968.88€
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Super wealthy Grant Cardone bullish on Bitcoin and accepting it! $800,000,000 in property deals.
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TIL Bitcoin not Blockchain
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Jimmy Song famously said "Bitcoin not Blockchain" at Consensus 2018. Antonpoulos said something to the effect of "it's become very trendy to say 'I believe in blockchain but not Bitcoin', and those who say that probably don't understand what they're talking about." Wences Casares also said something to similar effect. 3 very reputable names all saying it. I blindly agreed with them, but truthfully I didn't fully understand it either. Obviously Bitcoin has an astounding hashrate which lends to it's highly impenetrable nature. But what finally clicked is it's about the Maximum version of Trust. Blockchain is about Trusted ________. To say you believe in Blockchain but not Bitcoin is like saying I like trusted applications but I don't like trusted money. It doesn't make sense. If you want to create something of trust, start with something fundamental like money. That's why it's the most obvious application. Money is ...
NYC Bling! Met this fine gentleman on the subway. He didn't know what Bitcoin was, just liked the shirt. It's happening!@!`1
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[AMA] Randy Brito here from BitcoinVenezuela.com, what we’ve been doing and why we might need your help
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Hello all here, I am Randy Brito (aka @btcven), a Venezuelan whose family moved to Spain in 2004 due to the worsening situation and persecution on the middle class. I learned about Bitcoin in 2011 and read a lot about it here and at Bitcointalk.org (and learned about Libertarianism too through it), in 2012 founded https://www.BitcoinVenezuela.com as a non-profit organization dedicated to educate about Bitcoin and basic economics. Started collaborating with Electrum developers, translated it into Spanish (along with Hive Wallet, MacWallet, and some others). At Electrum also helped as manager of translations, website, social media, support. Co-founded another local non-profit education group in Spain and gave talks about Bitcoin around the country, mostly in high schools to get the young people started before they even learned how to use a bank account. Also co-founded a Classic Liberal - Anarchocapitalist group in Seville, Spain where I was part of the team which hosted the Free Ma...
To those who think the decline of the Lira will boost the bitcoin price
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You're probably right, but mostly in the long run. At the end of 2015 my nation's currency, the South African Rand, lost 30% of its value in a week. That's when I first bought bitcoin - as a hedge against sovereign fiat collapse. I had value at stake, so I bought Mastering Bitcoin and began to learn. A few months later I sold all the equities I had in banking to buy bitcoin. Over the next two years I'd proceed to only save into cryptocurrencies. Now I work full-time in the field and live almost entirely off crypto, and I know many people with a similar story. Whilst those who brought us the moon and bought in December to get rich quick also panic sold quick. These economic shocks won't create price pumps overnight, but they do teach people the lesson of why a censorship-resistant decentralised store of value is important, which will lead to long-term (in crypto-time) adoption. Submitted August 19, 2018 at 01:57PM by cainethelongshot https://ift.tt/2Pnb9Ke
Venezuela update: Gov increased the minimum wage by 3,500% from 5,200,000 Bs. (Bolivares) to 180,000,000 Bs. per month, which equals to 0.5 Petro crypto which is around 30 usd/month. Localbitcoin traded last week 696 BTC for 20,985,173,010,202 Bs
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Hi guys, yesterday the goverment made this announcements, people dont knwo what to do. Streets are crazy today most stores are closed and people is looking what to buy and trying to spend everything they have. On Monday 5 zeroes will be knocked off from the currency. You can see my post history I'm surviving here, I believe in crypto.. I have shipped some Venezuelan bills as souvenirs and people have donated me, which I really appreciate . Things will be crazy this week!! https://www.bloomberg.com/news/articles/2018-08-18/venezuela-hikes-salaries-in-95-devaluation-amid-hyperinflation Submitted August 18, 2018 at 06:38PM by WorkingLime https://ift.tt/2BnleDW
first time paying my cab with bitcoin (read comments)
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The fraud continues, remind friends and family to be mindful what they buy. And never trust Ver. Do not trust Ver. Verify.
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Merchants can now host BTCPay Server for as little as $5.14 (vs. $60 in the past). Making this powerful tool available to smaller shops is a huge step forward
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1.2 Million Canadians Introduced to No-Fee Crypto Trading
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Bitcoin P2P Trading Platform Paxful Sees Rising Volumes Despite Crypto Bear Market
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Coinbase Submits Patent Application for Bitcoin Payment System
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Sweden Launches Fully-Regulated Bitcoin ETN for US Investors
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Date night.. Painting a moon landscape. I couldn't resist..
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Despite price crash, bitcoin believers say the best is yet to come
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Roger made up a name of "Bitcoin Core" as a coin, now it exists & is 10x faster & has more capacity than bch. LOL you have to love the nature of cypto.. Just like Dogecoin, trolling for the win is always epic. PS Dogecoin also has more transactions per hour than bch.. 🤣
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Bitcoin network is strong AF right now. It is more decentralized and mining difficulty is over 3x higher than in January
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BITCOIN settling more transaction volume then gold despite the sluggish price.
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With bitcoin down, I’ve been trying to spread interest in it with a stand up joke I wrote about McAfee [6:00]
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In uncertain times, show support for BTC. Run a full node.
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The easiest way to demonstrate support for BTC is to run a full node, even if you don't have any BTC. Network value is a function of the sum and interconnected-ness of it's nodes. Bitcoin is such a network. All you have to do is download the Bitcoin Core software, available for any major platform, install it, and let it do it's thing. You need about 190GB of storage space - cheap. https://bitcoin.org/en/bitcoin-core/ Take the extra step to ensure you can accept incoming connections to ensure you're announcing to the network; you'll need to either forward those ports and/or enable them in your computer firewall as well. Verify you're online here: https://bitnodes.earn.com/ Submitted August 17, 2018 at 05:47PM by xtal_00 https://ift.tt/2L2bazG
Today is 1 year anniversary of BtcPayServer, open source alternative to BitPay
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Pay-to-End-Point [P2EP]: Blockstream's proposal to improve the privacy of Bitcoin [BTC] transactions, probably going to make privacy tokens obsolete
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TIL Realised Dogecoin does more transactions than B Cash
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Andreas Antonopolous: ETF's are NOT good for bitcoin as the centralized custodian can decide what to do with the bitcoin they're holding.
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ADOPTION CONFIRMED: Bitcoin now accepted for Bail in San Francisco
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Nasdaq and Gemini Deepen Relationship, Nasdaq Moves Closer To Listing Coins
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“Gold is dead… Bitcoin has more utility than gold. There is some chance for Bitcoin to be valuable in the future.” <--- Is Krugman going nuts? What next, will he become a HODLer???
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Bitcoin investor loses money in "digital identity theft", files lawsuit againt AT&T
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Iran's annual inflation rate is 186%... Another fiat currency goes down in flames!
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The latest version of ⚡️Eclair Wallet Testnet for Android is out, with automated encrypted backups of Lightning channels.
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If the multicoin thesis is wrong, it means that there will be only Bitcoin in the end, and all alts will die
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Distributed 2018: Fireside Chat with Elizabeth Stark, Lightning Labs
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Saifedean Ammous Discusses The Bitcoin Standard on the Keiser Report
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The excitement I’ve had after my first week of owning bitcoin
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With Bcash getting crushed, soon r/BTC and bitcoin.com will actually cover bitcoin again.
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American Investors Can Now Buy Exchange Traded Bitcoin Note
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Andreas M.Antonopolous(knowledge hub) is against Bitcoin ETF's
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U.S. National Debt Now Equivalent to the Amount of Money Missing from the Treasury (can't happen with Bitcoin)
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If Bitcoin is Rat Poison, the Banks Are the Rats: Pantera Capital CEO
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My bank (USAA) just sent this informational article about crypto to its 12 million members
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An ETN just bypassed the SEC approval process for ETFs! Americans can now buy spot bitcoin with their brokerage account
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BTC tech never sleeps: Bitcoin Core 0.17 branched and ready for RC1 with BIP 174
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As of now the backlog is empty ( only two documentation / admin items ) under the issue backlog: https://github.com/bitcoin/bitcoin/milestone/33 The Bitcoin Core has been branched off since August 10 https://github.com/bitcoin/bitcoin/commits/0.17 One of the most important changes coming is the initial implementation of PSBT ( BIPT 174 ) : https://github.com/bitcoin/bitcoin/milestone/33 Submitted August 15, 2018 at 08:43PM by lbalan79 https://ift.tt/2w8hXm1
Bitcoin on pace to process $1.1 trillion in transactions this year!
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Square Expands Cash App Bitcoin Service to All 50 US States
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Turkish Cryptocurrency Exchange Volume Up Over 350% As Lira Falls
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When things start going south, we can always rely on our big brother. Bitcoin, please help.
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THE PERFECT STORM - All before EOY 2018
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> Square .. done .. retail > Baakt .. done NOV .. institutional > Van eck etf .. probable.. 401k > us dollar topping .. extremely likely > share buy backs ending and flight from equities.. extremely likely > outside usa inflation.. done > us interest rates increasing .. promised by fed .. flight from bonds You really sold at 6k? https://i.redd.it/12jdfsscl5g11.jpg Submitted August 15, 2018 at 05:30AM by vroomDotClub https://ift.tt/2nAzHCK
Yale Study Claims Every Investment Portfolio Should Hold 6% Bitcoin - the kind of recognition we need :)
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While everybody is busy posting memes about the price of Bitcoin, we're busy building the #LightningNetwork. Join us for the third #LightningHackday in Berlin on September 1st. ⚡
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The complete open-source modular platform for building an exchange
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Coinbase CEO: In the next 3–5 years, you will see countries going into economic crisis and could see the organic adoption of cryptocurrencies
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Every decision I’ve made to hold, buy or sell BTC this year.
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My latest custom work for an overseas customer! This is a solid brass sheet and everything you see is a result of corrosion, no paint or ink was used at all on this. Hope you guys like it!
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To everyone rushing back into BTC from altcoins: What matters is that you learn why Bitcoin needs to be conservative in its development.
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Over the past year, the prevailing thought among many in the cryptocurrency communities is that bitcoin is not keeping up with other coins. That somehow bitcoin was being intentionally crippled, or that the developers did not know what they were doing. As we are seeing with the bitcoin dominance going up, that prevailing thought was wrong. The coins who were supposedly going to kill bitcoin have been all but abandoned in many cases. Many others are in the process of dying a slow death (which may take years to fully play out). To everyone who went heavy on these coins and sold all of their bitcoin, but are now coming back: Welcome back. We are glad to have you. But before you pretend like everything is great with bitcoin again, it's important to realize why you were wrong. But first let's go back a few years. In 2015, I was a staunch big blocker. I want to share a post made during this time that I initially downvoted. (The reason I know this is because after a certain number...
Announcing Lightning Makers: a small community of developers/hackers/makers that build Lightning Network applications (lapps) focused on pushing Bitcoin’s adoption.
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“The internet will have a single currency” and Square CEO believes it will be Bitcoin
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Square Cash Opens Bitcoin Buying and Selling in All 50 States
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Demand 2018-Q2 financials from Bitmain before considering their IPO. ADDITIONAL LOSSES of $700 Millions are expected in manufacturing, unrelated to altcoin bagholding machinations.
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It seems the crisis in Turkey is just beginning. Keep buying BTC Turkish people!!!
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I run a small skate shop in Beaumont, Texas. Last week we sold our first complete via Bitcoin. Wish I took a better photo but here's what he got.
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'Rich Dad, Poor Dad' Author Is Bullish on Bitcoin, Says USD Is a Scam
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Currently 40% of all Bitcoin transactions are SegWit enabled
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Watch this 15-year-old hacker play DOOM on McAfee’s ‘unhackable’ crypto-wallet
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Another fiat currency collapses, South African Rand down 10% today
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Analysis Report: Bitmain IPO possible exit scam due to many liabilities, such as: deprecated mining stock (~1B$), illiquid BCH assets (1M bch), AI branch a sham.
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I was at the National Museum of American History in Washington D.C today and I ran into this!
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Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control
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Venezuela update: 622 BTC were traded using LocalBitcoin last week which equals to Bs. (Bolivares) 17,497,412,331,205. Inflation was 125% last month. One USD is around 5,900,000 Bs. Minimum wage is 0.88 USD per month. Next week 5 zeros will be knocked from the currency.
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Hi guys, living here. AMA. Situation has gone worse since my last update. https://coin.dance/volume/localbitcoins/VEF https://www.msn.com/en-gb/news/other/venezuela-to-knock-5-zeros-off-its-currency-to-help-with-inflation/vi-BBL6aIE https://www.reuters.com/article/us-venezuela-economy/venezuelas-annual-inflation-hits-82766-percent-in-july-congress-idUSKBN1KR1PT You can read more and how the prices have increased checking my post history. I survive doing tasks in internet, with my work and also I have received some donations. I also help friends and my family. I change from crypto using friends abroad and also using AirTM. I need to get Bolivares because legally it is the only currency accepted here. Submitted August 12, 2018 at 08:05PM by WorkingLime https://ift.tt/2P1oV53
MRW I bought my first bitcoin last week and the value is up $2.
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"My internet isn't working well. Can you fax the article to me?" - WhalePanda reply to Paul Krugman. Savage!
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To all the people whining about the fiat price of BTC. Stop it. This is Bitcoin.
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Do not think that ETF approval is the only way for BTC to go up. From 2010 to now the price multiplied by orders of magnitude without "Institutional investors" and adoption will lift the price further. Bitcoin was build to not depend on decisions from state agencies . So cut the crap, be patient and HODL on like I do since 2011 Submitted August 12, 2018 at 05:42PM by old-white-man https://ift.tt/2w0iIOc
Remember why Bitcoin was created and what it stands for!
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Bitcoin market dominance has risen above 50%. Bitcoin is worth more than all other crypto coins combined.
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Is anyone else laughing at themselves for thinking buying multiple coins meant portfolio diversification?
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I thought we could use a bit of humor in these difficult times... :)
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Bitmain sold most of their BTC recently? if true, this is insanely good combined with mt gox not being able to sell and BAKKT.
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How 1 Trillion Dollars Market-Cap For BTC alone is coming
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South Korean Government to Promote Blockchain Training as Part of ‘4th Industrial Revolution’
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Based on these clear indicators, Bitcoin is finally prepped for a massive bull run!
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BTC dominance is now over 50% - In time every altcoin shall bow before the one true monetary king
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Roger Ver shamelessly rips tweet word for word, substituting BCash in for Bitcoin
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BTC Dominance Continues! | Bitcoin Hit’s 50% for the first time in 2018
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Mastodon to Accept Bitcoin As More Users Unfollow Twitter - Bitcoinist.com (instance bitcoinhackers.org)
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President Erdogan makes new appeal to holders of Turkish Lira
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Finding Satoshi Nakamoto: Team of private detectives to set out on a global quest for Bitcoin daddy
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Incredible article about the true health of the Lightning Network. You might be surprised at what the typical visualizations miss.
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r/Bitcoin's main chatroom just passed 5000 members. Join us!
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Introducing 'Digital Gold', our latest art panel release with our partnership between Lynx Art Collection and HODL Crypto
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Sellers, INFLATION is robbing you of Purchasing Power
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Probably the most unpopular post here
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Okay so I'm gonna try to keep it short. I'm all pro bitcoin and about holding it and waiting for the price to go up. But can we please stop promoting that as if that's what the purpose of BTC is. Bitcoin was made to be a currency and to be used as a currency not some get rich quick scheme, not something you never use. I get the logic of, "Hey it dropped back to 6K I'd rather wait until 8K and then use it" but the only logic seems to be,"Hey let's hodl until the world ends" If bitcoin isn't used then it's not gonna go anywhere, it's not going to gain any value because what the value in it? It's not a collectors item. I get a lot of people missed out on it when it was under a penny, when it was a couple bucks, a couple hubdred, even a thousand. But even if you have $500 in btc right now and it jumps up to 60K in the next 10 years you will have 5K. Yeah it's money, a good return but YOU WON'T BE A MILLIONAIRE. Please st...