50/50
https://ift.tt/2Sa1yZd Submitted February 01, 2020 at 02:21AM by JonBoy82 https://ift.tt/31fsone
Posts
Showing posts from January, 2020
?WHY is Cross-input signature aggregation (the feature that would potentially improve (and incentivize) Bitcoin's privacy) not included in the Schnorr/Taproot proposal.
- Get link
- X
- Other Apps
Negative interest rates: German banks hold almost $ 50b worth of Euro notes in their vaults and running out of space
- Get link
- X
- Other Apps
"Bitcoin hash rate increasing so rapidly, we should expect the #halving to occur already at the end of April, instead of mid May." PLAUSIBLE?
- Get link
- X
- Other Apps
The Sovereign Individual (1996) was just released on audible. Amazing read and predicts the arrival of crypto currency years before the first bitcoin.
- Get link
- X
- Other Apps
Fidelity, a company with 2.46 Trillion USD under management, just shared an article called "Bitcoin Obsoletes All Other Money"
- Get link
- X
- Other Apps
Bitcoin Will Be $8 Trillion Economy by 2030, Top Wealth Manager Explains Why
- Get link
- X
- Other Apps
Swiss Army Financial Crisis Training and readiness manual in 2 steps
- Get link
- X
- Other Apps
Portfolios with even 1% exposure to Bitcoin have outperformed over last 5 years
- Get link
- X
- Other Apps
Kraken Identifies Critical Flaw in Trezor Hardware Wallets
- Get link
- X
- Other Apps
I am proud holder of #LNTrustChain2 torch! Torch arrived in Slovakia
- Get link
- X
- Other Apps
Dante's Portland. You will never find a more wretched hive of scum and villainy. We must be cautious. BTC accepted.
- Get link
- X
- Other Apps
Keiser Report: Dethroning the Dollar + Mark Yusko - Morgan Creek Capital on Bitcoin (E1495)
- Get link
- X
- Other Apps
I confirm the awesomeness of the Phoenix Lightning Wallet: read the introduction, very interesting
- Get link
- X
- Other Apps
Bloomberg ran this "story" almost two years ago, and is STILL "teasing" it on their website. It was a lie then, it's a lie now.
- Get link
- X
- Other Apps
With Strike, Zap Rethinks Its Olympus Fiat-to-Bitcoin Feature
- Get link
- X
- Other Apps
A great bitcoin story in one image, and a reminder to watch out for scams
- Get link
- X
- Other Apps
Tim Draper Interview: Millenials should invest in Bitcoin
- Get link
- X
- Other Apps
Bitcoin Is Emerging as a Safe Haven in Times of Crisis
- Get link
- X
- Other Apps
Swiss City Zermatt Now Accept Tax Payments in Bitcoin
- Get link
- X
- Other Apps
Paid for my sushi with BTC... thoughts...
- Get link
- X
- Other Apps
Had an excellent dinner at Crudos in Wynwood (Miami). Saw the bitcoin accepted here sticker on the door so I asked to pay with BTC. The server was a little nervous and confused, seemed he hadn't done that before but was sort of aware of it. He went and grabbed his manager's phone (maybe the owner?) and passed me the QR code. Sent payment plus tip.. zero confirmation transaction... done. Got me thinking.... 1.) Someone mentioned the owners are Venezuelan. I can't confirm, but it made me feel good that possibly they have family back in VZ that could somehow benefit from BTC. USD can't go there easily. BTC is all-terrain. 2.) This was my first "meatspace" BTC transaction. It was a little bit strange just sending BTC to some manager guy's wallet on his phone (that went into screen lock while I fiddled with my wallet). I mean, its fine and I understand it is a rare occurrence, but are there some branded wallets out there or something that that make things a ...
Andrew Yang tells Bloomberg that regulators can’t stop people using or investing in crypto—“even if they tried.”
- Get link
- X
- Other Apps
Another Region in Switzerland Starts Accepting Bitcoin for Tax Payments
- Get link
- X
- Other Apps
Phoenix LN wallet is awesome.
- Get link
- X
- Other Apps
So I used the Phoenix native Lightning Network wallet today for the first time, to receive a 1000 sats tip someone sent me in Reddit, and I gotta say it is just amazing: no channel setup hassle, no BTC balance required to receive, instant, non-custodial, no routing problems (at least for me)... The only bad thing are the fees, which hopefully will get better in the future, once there is more competition in native LN wallets. This has to be the best way to attract people to off-chain BTC payments, right? What are your thoughts? Submitted January 30, 2020 at 12:04AM by 0x537 https://ift.tt/2Gvdrnr
Older people tend to be more stubborn in their beliefs
- Get link
- X
- Other Apps
Peter Schiff's Bitcoin tweets are being turned into memorabilia
- Get link
- X
- Other Apps
"When I use @Namecheap I'm reminded how FUCKING GARBAGE Bitpay is. "
- Get link
- X
- Other Apps
If you come across this on eBay, don't buy it. Report it.
- Get link
- X
- Other Apps
I finally own 10 Bitcoins !
- Get link
- X
- Other Apps
Here I am, I can proudly say I am set regarding my Bitcoins ownership goal ! Some people wanna save to buy a house, for me it was buying bitcoins ! I actually sold my flat to buy more BTC. I am rent free as my compant provides me free accommodation and I don't pay taxes. Now it's just a matter of time before being able to retire early ! Submitted January 29, 2020 at 08:22PM by Crypthomie https://ift.tt/2RSrnwM
Facebook is censoring bitcoin related websites in the messenger app and on FB posts. Wanted to send a legitimate article to a Turkish friend and it keeps failing. Also got the second censorship message when trying to post this. Whoever thinks censorship is not an issue in the US
- Get link
- X
- Other Apps
More platforms banning BTC tainted by CoinJoin, even after multiple hops
- Get link
- X
- Other Apps
City of Zermatt Switzerland Now Accepts Tax Payments in Bitcoin
- Get link
- X
- Other Apps
Got this DM from a mod of an alternative energy sub. It just goes to show how far the ignorance about Bitcoin really reaches.
- Get link
- X
- Other Apps
Anyone want to join me in reporting scammy "Bitcoin" apps in the official Google/Apple app stores?
- Get link
- X
- Other Apps
Was hodling for so long but wanted to see if I can make some money trading..
- Get link
- X
- Other Apps
Daily Discussion, January 28, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 28, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2vsJtOB
Taproot and Schnorr Are Now Formal Bitcoin Improvement Proposals (BIPs), Will Enhance the Privacy, Security, and Capabilities of Bitcoin
- Get link
- X
- Other Apps
My Full Node Bandwidth Usage
- Get link
- X
- Other Apps
I have this desktop at home that is ON 24/7, so 2 years ago I started seeding open source torrents (eg: linux distros) and also set up a full Bitcoin node. While I don't use Bitcoin (fiat is good enough for my needs), I like the idea of having an alternative. I had enough disk space and don't have any (edit: data) caps, so I thought I could help the network. There are a few posts about bandwidth usage here already, but maybe someone thinking of running a full (seeding) node will find this info useful. The computer runs Windows 10, so I use Netlimiter Pro to keep an eye on data usage and limit speeds. Stats since 2019/03: https://i.imgur.com/3RzPvpK.png My node usually uploads 350-400GB a month with a 1MB/s upload limit. Sometimes it uploads more (2019/04: 642GB; 2019/08: 594GB) and sometimes less (2019/09: 358GB), depending on what the peers are doing. Some days it uploads 5-10GB, other days 30-40GB. It's clear that I could go over 1TB on heavy months if I wasn't s...
Take the thing out of the hands of government ....
- Get link
- X
- Other Apps
“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.” – F.A. Hayek. Submitted January 28, 2020 at 01:32PM by bjaxen https://ift.tt/3aQAyqb
Yet another reason you should be running your own full node..
- Get link
- X
- Other Apps
In Australia bank transfers often take up to 5 days. Just a reminder that Bitcoin isn't slow.
- Get link
- X
- Other Apps
BTC2019: Bitcoin Payment Channels on the Lightning Network | René Pickhardt
- Get link
- X
- Other Apps
Today Is More Evidence for Bitcoin’s Claim to Being a Safe Haven
- Get link
- X
- Other Apps
Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’
- Get link
- X
- Other Apps
Daily Discussion, January 27, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 27, 2020 at 12:00PM by rBitcoinMod https://ift.tt/36qNNup
TIL: Over 9000 in the German version is Over 8000. Coincidentally US$9000 roughly equals 8000 Euro.
- Get link
- X
- Other Apps
My son just told me, that in the German version of Dragonball, Vegeta says "Over 8000" instead of "Over 9000". I checked it and Wikipedia confirms it. I think this is hilarious, because in German money, 8000 Euros equals US$ 9000. The memes are compatible. Submitted January 27, 2020 at 06:20PM by raumi75 https://ift.tt/2RtV4oY
We need some lightning nodes in Iceland and Greenland 😊 ~11k nodes (including tor) up 2.5% past month!
- Get link
- X
- Other Apps
Told my Mother to read 'The Creature From Jekyll Island' by Edward Griffin. Not only did she read it in one day, she sent me this quote, sells all her bank shares and has just bought her first Bitcoin. Tell everyone you know to read this book and read it yourself if you haven't!
- Get link
- X
- Other Apps
Crypto Heavyweight Bets Big on Bitcoin Halving’s Impact on Price
- Get link
- X
- Other Apps
ELI5 why does Bitcoin get more valuable after a halvening?
- Get link
- X
- Other Apps
Binance Pledges $1.5 Million for Coronavirus Victims - Bitcoinist.com
- Get link
- X
- Other Apps
Girlfriend just got me this for my birthday! Go Bitcoin!
- Get link
- X
- Other Apps
Appetite for Bitcoin among Institutional Investors Growing as Bakkt’s Futures Delivery Shoot Up by 1,600%
- Get link
- X
- Other Apps
MIT Courseware has uploaded free 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)! Link in text.
- Get link
- X
- Other Apps
I've uniquely listed over 45 trusted Bitcoin exchanges in over 200 countries on our site in an effort to promote smooth onboarding for new users
- Get link
- X
- Other Apps
I made this base myself, how is my Max TH9 BTC base!!!
- Get link
- X
- Other Apps
I finally reached my first goal of owning 1% of a Bitcoin
- Get link
- X
- Other Apps
Iran Has a Bitcoin Strategy to Beat Trump's Maximum Pressure
- Get link
- X
- Other Apps
The next bitcoin halvings and block rewards associated with it!
- Get link
- X
- Other Apps
BCH focused app on App Store misleading people and devs manipulating sentiment. Sad.
- Get link
- X
- Other Apps
'21 million club' members of Reddit, how does it feel owning 1 Bitcoin?
- Get link
- X
- Other Apps
Negative Interest Rates Getting Bankers Nervy as Bitcoin Accrues Value
- Get link
- X
- Other Apps
Bitcoin Continues Evolving in the Right Direction With Taproot and the Schnorr’s Signatures
- Get link
- X
- Other Apps
"Modern monetary theorists and gold bugs alike will never admit it, but the calamity that is all fiat systems is nothing more than the manifestation of gold’s failure as a monetary medium. It is a dead man walking. " Bitcoin Obsoletes All Other Money - Unchained Capital
- Get link
- X
- Other Apps
BIG FAIL - BTC save us!
- Get link
- X
- Other Apps
Wired Euros from my German bank to my US bank (I'm a German citizen, but have lived in the US before). Nothing happened for seven days, then the money was credited to my German bank again, but not the full amount (about 80 Euros less). I've already spent over an hour on the phone with both banks, but noone can tell me: - Why was the wire refused? - Who charged the fee for what reason? Well, there are more things to be angry about, but the only other thing I want to say: BTC, we really need you. Submitted January 25, 2020 at 03:36PM by CRYPTORALF https://ift.tt/3aBF6Rr
Cashless stores and restaurants banned in New York City
- Get link
- X
- Other Apps
Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward
- Get link
- X
- Other Apps
I made a walkthrough for Phoenix lightning wallet, which boasts AMP, Turbo Channels, Submarine Swaps and more. Solid wallet IMO. Seamless interaction from LN to main chain.
- Get link
- X
- Other Apps
JPMorgan puts pressure on South African banks to close crypto exchange accounts.
- Get link
- X
- Other Apps
Lebanon is about to default and might do a Cyprus like hair cut on deposits
- Get link
- X
- Other Apps
i dont have a magic cristal ball, i have heard from a very notorious person that Lebanon will default this year and go hard on its citizen, the same way Cyprus did back in 2013. i hope the people are woke enough to protect themselves Submitted January 24, 2020 at 06:49PM by okboomer99069 https://ift.tt/36jn2bb
Today the Bitcoin ecosystem hit 2800 contributors on Github, according to GitGitRun.com | Not all repos are tracked, real number probably 3000+
- Get link
- X
- Other Apps
Please explain Taproot and Schnorr Signatures usecases in layman language.
- Get link
- X
- Other Apps
Prince Charles: We need a new economic model or the planet will burn
- Get link
- X
- Other Apps
I've been working hard for the last 7 month on improving my Bitcoin mobile game to make it more appealing to a general audience. IMO a great way to get new people into bitcoin is by letting them play with it first. The game is still in development, more info in the comments. Twitter @Bighands_dev
- Get link
- X
- Other Apps
Taproot/Schnorr Update Registered as a Proposal to Improve Bitcoin
- Get link
- X
- Other Apps
Futurist-oriented Cathy Woods presents Bitcoin’s booming growth
- Get link
- X
- Other Apps
Found on another thread. But it struck me when I read it,this is why bitcoin is so important.
- Get link
- X
- Other Apps
Invest in Bitcoin, Says Tim Draper to the Millennials
- Get link
- X
- Other Apps
Bitcoin’s soft fork: Final proposal for integrating Schnorr, Taproot published
- Get link
- X
- Other Apps
Bitcoin Is Getting Upgraded In 2020. Here Is BIP 340, 341, 342 (Schnorr, Taproot, Tapscript) Explained!
- Get link
- X
- Other Apps
Dollar Vigilante Ed Bugos on Bitcoin and Gold: "Bitcoin is a gift to the gold story. It widens the audience for it. It’s the same story. They have the same enemies and the same friends."
- Get link
- X
- Other Apps
Just got my BTC & LN node set up! Will give 12,500 sats (~$1.00) to the first 25 people who send me an LN invoice for that amount.
- Get link
- X
- Other Apps
Finally up and running! Shout out to: https://stadicus.github.io/RaspiBolt/ REALLY helpful guide. Thank you. To test things out, I will give ~$1.00 (12,500 satoshi) to the first 25 people who respond to this message with an LN invoice. May it be worth $10.00 by this time next year! Helping spread adoption... 1 satoshi at a time. :) If anybody would like to contribute to the cause: 3P6BSWb9cPyB9rxNJPZELVH8btu6VMMxH2 :) UPDATE 22:12 GMT: 3 invoices paid. 22 to go! Who wants some sats? UPDATE 22:23 GMT: 5 invoices paid. UPDATE 22:29 GMT: 10 invoices paid. UPDATE 22:32 GMT: 12 invoices paid. UPDATE 22:43 GMT: 16 invoices paid. UPDATE 22:56 GMT: 17 invoices paid. 8 to go. Who wants some sats? UPDATE 23:07 GMT: 21 invoices paid. 4 to go. UPDATE 23:28 GMT: 23 invoices paid. 2 to go! UPDATE 23:32 GMT: 24 invoices paid. LAST ONE!!! WHO WANTS IT? UPDATE 23:33 GMT: 26 invoices paid. CLOSED! Thanks for playing everybody! SUPER FUN! THE FUTURE IS NOW! Submitted Januar...
Coinbase is about to surpass 1 million Bitcoin held in cold storage
- Get link
- X
- Other Apps
For those of you who are just getting into bitcoin, things could be worse, Like having $300,000,000 in bitcoin in a hard drive you threw away 4 years ago.
- Get link
- X
- Other Apps
Crazy to consider that the amount of bitcoin holders in the world is still so low.
- Get link
- X
- Other Apps
This might be a bit rambling, but I was thinking about this a lot very recently and i'm not sure what to make of it. Grateful for any insights you can share... The global population is over 7 billion people. The minted supply of BTC is around/above 18 million. It is estimated that at least a couple of million BTC are lost forever. A small amount of individual holders possess vastly large BTC balances. (aka whales) Most BTC hasn't moved on chain for over a year and is presumably "not for sale". This is the part that baffles me though: There are over 45 million "millionaires" world wide. At past and current trading prices, buying just 1 BTC would be a minuscule purchase to this class of wealthy people. Not to mention the many people world wide who aren't millionaires, but who could also easily afford 1 BTC at past and current trading prices. Here we are 10 years after bitcoins launch and it seems as though everyone knows the word "bit...
Reverse Submarine Swaps: Another Step towards a P2P Lightning Economy
- Get link
- X
- Other Apps
Poor banks, BTC’s success is inevitable
- Get link
- X
- Other Apps
8 days ago I sent an international bank transfer. 2 days later someone from the bank called me. The conversation lasted 15 minutes. They asked me what’s the recipient’s nationality and country of residence. Why am I sending him money. Why do I know him. What’s his address. If this is going to be a recurrent transaction. And many other questions. They charged me $40 for the transfer (probably the recipient will have to pay also like $20 more when receiving it). The money still hasn’t arrived. I called the bank today, wasting 20 minutes more, asking for an explanation. They just said they would start an investigation. How can this SHIT be even compared with Bitcoin?!Fuck the banks! Fuck fiat money! Submitted January 23, 2020 at 07:08PM by VSAlpha https://ift.tt/2RmG2Bi
This guy!
- Get link
- X
- Other Apps
Peter Schiff in 2016: "People say I don't understand Bitcoin, trust me I understand it better than them, it can't work as money." Peter Schiff in 2020: "I confused my pin for my password, all I ever knew was my pin, I didn't know I was supposed to remember a password let alone a 12 word phrase. I didn't even know what a seed phrase was before this happened." Submitted January 23, 2020 at 08:31PM by slvbtc https://ift.tt/3aCbbZq
Third “Built with Bitcoin” school to sustain education in Kenya
- Get link
- X
- Other Apps
Is Bitcoin trending towards a store of value rather than a payment platform?
- Get link
- X
- Other Apps
In light of today's news that Pornhub is supporting more cryptos for payments (USDT, Cosmos and more), ( https://finance.yahoo.com/news/pornhub-now-lets-models-paid-104000445.html )I realized that BTC was not one of them. This seems to be a growing trend. Is it because of fees? I still see millions of dollars being sent for only a couple of dollars in fees, so I don't think so. I've been lurking here for a while and I've also seen the store of value narrative. Is this a real, viable usage for BTC? Being the OG, gold like crypto where others take the place of payments as we've seen Pornhub and others adopt? Thanks for listening to my rambles. Keen to hear your thoughts. Submitted January 23, 2020 at 06:34PM by Levypwnz https://ift.tt/2TPhsef
Congress takes a step toward a de minimis exemption for everyday cryptocurrency transactions
- Get link
- X
- Other Apps
Reserve Bank of India: Bitcoin, Cryptocurrencies are Not Banned
- Get link
- X
- Other Apps
Pull Request opened for BIP 340, 341, 342 (Schnorr, Taproot, Tapscript)
- Get link
- X
- Other Apps
First mainchain <-> sidechain swap using the Bitcoin-based decentralized exchange Bisq! On-chain BTC swapped for L-BTC on the Liquid Network sidechain.
- Get link
- X
- Other Apps
CME Bitcoin options volume is surging just one week after launch
- Get link
- X
- Other Apps
Bank of England to consider adopting cryptocurrency | We are so ahead of the curve
- Get link
- X
- Other Apps
PSA: if you've just "won" some bitcoin on a competition you never entered. It's a scam. If you see a "giveaway" where you send bitcoin and get more back. It's a scam.
- Get link
- X
- Other Apps
These posts are happening every single day here... For example: https://www.reddit.com/r/Bitcoin/comments/es1pmq/just_received_36_bitcoin_but_is_it_a_scam/ Unfortunately, OP of that thread is actually one of the smarter ones, asking if it's a scam (and then ignoring the advice given, so who knows). And here, this person was not so lucky: https://www.reddit.com/r/Bitcoin/comments/ejjrp9/i_stupidly_lost_3000_in_a_crypto_currency_scam/ If you get a message saying you've "won" some money or bitcoin, or see on social media that someone is "giving away" bitcoin. Report it, block the user, move on. You will send money, either to pay for a "withdrawal fee" or to get the wallet up to a "minimum balance" and nothing will happen. You'll just lose your bitcoin that you sent. That's it. Giveaways on social media are the same. You'll send bitcoin for the promise of bitcoin being "sent back" and nothing will happen. Bye bye ...
Jack Dorsey confirms that Square Crypto is working on Lightning Network ⚡
- Get link
- X
- Other Apps
Indian govt confirms Bitcoin and other Cryptos are not banned and any such communication is a wrong understanding.
- Get link
- X
- Other Apps
Learn how Bitcoin works before you put your money in.
- Get link
- X
- Other Apps
Square Crypto Is Creating a ‘Lightning Development Kit’ for Bitcoin Wallets
- Get link
- X
- Other Apps
The Fed Has Pumped $500 Billion Into the Repo Market. Where Does It End?
- Get link
- X
- Other Apps
$1.6 Billion USD In Bitcoin Hasn’t Moved Since November 2017
- Get link
- X
- Other Apps
A photo and message from Ross Ulbricht for the new year
- Get link
- X
- Other Apps
“These men are serving life without parole in max security prison for nonviolent drug offenses. They helped me through a difficult time in a very dark place. I hope 2019 was their last year locked away from their loved ones. Happy New Year.” – Ross  You can read more about the men in this picture here . Please keep sharing Ross’s clemency petition with your friends and family. Help us bring him home in 2020. He and the men in this photo are so worthy of a second chance. Submitted January 21, 2020 at 09:58PM by IndividualConscience https://ift.tt/2Rhow1E
When people ask me why is bitcoin good, the first video I show them is this.
- Get link
- X
- Other Apps
15 y/o ,Just invested 75$ in btc for first time ever and plan to do more! Anything i should be expecting on this rollercoaster?
- Get link
- X
- Other Apps
Introducing BTCPay Vault - Desktop app that allows you to use any hardware wallet with BTCPay Server and its full node 🔒
- Get link
- X
- Other Apps
Peter Schiff's story is a great lesson for anyone who is new to the world of Bitcoin
- Get link
- X
- Other Apps
Bitcoin has a number of advantages and better protects what you own in a global way than fiat currencies. However, on the other hand, Bitcoin requires you to take care of your wealth. This means that you need to take the utmost care of the keys associated with your Bitcoins. If you don't, you will lose everything. This is what happened to Peter Schiff. It's a great lesson for everyone who puts the following slogan back on the agenda as well: "Not Your Keys, Not Your Bitcoins." Submitted January 21, 2020 at 03:21PM by sylsau https://ift.tt/2ufr1IB
If Bitcoin Stock-to-Flow shows 100k in the next year....why isn't everyone buying Bitcoin right now?
- Get link
- X
- Other Apps
Bitcoin making its way through Slovakia! Found this in Prievidza at a Tesco.
- Get link
- X
- Other Apps
A 1 Billion Dollar Bitcoin transaction was made the other day and no one seemed to notice...
- Get link
- X
- Other Apps
How Real World Use Cases Will Drive Crypto Growth in 2020
- Get link
- X
- Other Apps
Blockstream Co-Founder Joins Bitcoin-Only Startup River Financial
- Get link
- X
- Other Apps
Just transacted bitcoin to another wallet for first time after HODLing for 2.5 years or so, and it hit me how easy it is to transact. Very cool, thought I’d share.
- Get link
- X
- Other Apps
Can definitely see it moving more mainstream with more traction and a weaker barrier of entrance from fiat, especially as money supply becomes more digital. Question though - I’m no expert at all, but say you encounter a problem with transferring to wallets or you want crypto returned... that seems like it could be an issue without gov involvement or some authority getting involved to handle a type of situation such as that properly. Or is that extremely unlikely to happen with such a complex wallet code. Even disappearance of bitcoin such as the Peter Schiff thing that just came up... or maybe that’s just a ruse since he’s not a proponent lol Submitted January 20, 2020 at 11:13PM by igetbuckets5 https://ift.tt/37ageOA
“Do What You Love” crypto Art contains 44 BTC Swiss Key Tangem wallets. How would you use this if you owned it?
- Get link
- X
- Other Apps
This is why you should run an adblocker. And yes, they are scams, for "bitcoin pro" in this case
- Get link
- X
- Other Apps
Last week 614 BTC were traded using LocalBitcoin in a country where minimum wage is 5 USD per month. Yes, Venezuela. One BTC is 657,000,000 Bs. (Bolivares). AMA.
- Get link
- X
- Other Apps
These volumes are only measured using Localbitcoin (LBTC) using their API (Coindance). Big part of that exchange come from Venezuelans that live abroad and send money to their families, miners, people that get paid in cryptos (freelancing) and even the own government. It is around 2000 BTC per month. Today exchange rate is around 1 USD = 75,000 Bs. (Official rate is almost the same, 74,139 Bs.) 2019 inflation was 7,000 % Minimum wage (which is earned by a big chuck of the population, not like other countries) is 250,000 Bs. wage (less than 3 USD) + 200,000 Bs. food bonus (less than 3 USD) PER MONTH. Increased from 150,000 Bs. and 150,000 Bs. 392,000,000,000 Bs. (All time high in Bolivares) is the total amount traded in Bs. this week (614 BTC) Government gave away a 0.5 Petro airdrop to a lot of people this week as a " free bonus", which is around 30 USD. People could change it into FIAT (Bolivares) in some POS. It has been halted because everyone changed them to FIAT an...
UBS Bank Refuses to Hand Over 8 Kg of Gold to a German Client- Bitcoin Fixes This
- Get link
- X
- Other Apps
LinkedIn: Blockchain beats AI and cloud computing for hottest skill in 2020
- Get link
- X
- Other Apps
BITCOINBitcoin Network SegWit adoption registers ATH of 64.13%
- Get link
- X
- Other Apps
Yesterday I was at one of the most important bike expo in Italy and saw this bike for sell. The paper say: "It's possible to pay also with bitcoin". First time I see this in Italy.
- Get link
- X
- Other Apps
Proposed bill in US House of Representatives to allow any personal transaction to be excluded from capital gains tax as long as **PROFIT** is less than $200. Not transaction amount, *PROFIT*. This is ~95% of transactions. Call and email your US Representative if applicable!
- Get link
- X
- Other Apps
The latest proposal in congress to exempt $200 cap gains in the use of Bitcoin as a medium of exchange could be a big deal if passed
- Get link
- X
- Other Apps
There are at least a million hard core bitcoin believers out there. Using bitcoin as a medium of exchange is a great way to increase exposure in daily transactions... Bitcoin conspicuous consumption could be a thing. Bitcoin payment apps will allow us to seamlessly pay for goods and services using Bitcoin or Lightning as a payment rail. Any Bitcoiner with steady dollar income can routinely convert a % of those dollars to Bitcoin to pay their barber, tip waiters, pay rent, pay car payments.... It’s a tiny opening in the door but an opening nonetheless... At the same time, I doubt it gets passed... but we can hope and keep fighting Submitted January 20, 2020 at 07:42AM by the420chronicler https://ift.tt/30DEmGY
Hi folks, despide the today's cold shower, the start for crypto it is not bad this year, is it?
- Get link
- X
- Other Apps
Daily Discussion, January 19, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 19, 2020 at 12:00PM by rBitcoinMod https://ift.tt/38kuqV9
Bitcoin Knots 0.19.0.1.knots20200104 released
- Get link
- X
- Other Apps
Bitcoin Knots version 0.19.0.1.knots20200104 is now available from: https://bitcoinknots.org/?20200104?reddit This release includes new features, various bug fixes and performance improvements, as well as updated translations. Please report bugs using the issue tracker at GitHub: https://github.com/bitcoinknots/bitcoin/issues To receive security and update notifications, please subscribe to: https://bitcoinknots.org/list/announcements/join/ For the full release notes and change log, see: https://github.com/bitcoinknots/bitcoin/blob/v0.19.0.1.knots20200104/doc/release-notes.md New features of particular interest BIP157 (Neutrino) can be enabled to serve compact block filters to peers. This requires both the -blockfilterindex and -peercfilters options enabled, and can also be turned on in the GUI settings under the Network tab. PSBT support has been experimentally expanded to include the new version and proprietary fields, as well as easier usage from the GUI for watch-...
U. S. Congress proposes to free small cryptocurrency transactions from taxes
- Get link
- X
- Other Apps
The past 10 hours is what crypto media are calling a dump and a reason to worry? What did they expect, that the BTC price would keep rising and rising without ever catching breath again?
- Get link
- X
- Other Apps
If you bought 100$ every month since ATH you would still be profitable!
- Get link
- X
- Other Apps
Was bored so here it is... If you bought the ATH on the 17th of Dec and every month after that you bought the high you would accumulate 0.3782 BTC... which at current price today is $3375. So you bought at the worst period IN a bear market every single month you spend $2600 and you ended up with $775 profit. Dollar Cost Average FTW! https://preview.redd.it/79u86i1kdmb41.png?width=1715&format=png&auto=webp&s=00c7c78be9f78541365545ed770d95d697c66844 Submitted January 19, 2020 at 04:17AM by Arsen_Tap https://ift.tt/2tvsgU0
Can we pay some respects to our man Peter, missing out on Bitcoin since 2011.
- Get link
- X
- Other Apps
A Swiss bank account on your wrist... (Ad in Geneva airport)
- Get link
- X
- Other Apps
Beta Testers required for our iOS & Android game; Bitcoin Bounce. Bitcoin won in the game is paid out over the lightning network. Links are in the comments
- Get link
- X
- Other Apps
Daily Discussion, January 18, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 18, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2tkPbBx
Review: HTC Exodus 1s, the Full Bitcoin Node Smartphone
- Get link
- X
- Other Apps
Germany: additional 16 banks with negative interest rates
- Get link
- X
- Other Apps
Major credit institutes in Germany starting to charge money, while it sits in your bank account. Google translate: https://translate.googleusercontent.com/translate_c?depth=1&nv=1&rurl=translate.google.com&sl=de&sp=nmt4&tl=en&u=https://m.faz.net/aktuell/finanzen/immer-mehr-kreditinstitute-verlangen-negativzinsen-16588149.amp.html German article here: https://m.faz.net/aktuell/finanzen/immer-mehr-kreditinstitute-verlangen-negativzinsen-16588149.amp.html Submitted January 18, 2020 at 07:16PM by greeniscolor https://ift.tt/37890dF
[Tutorial] Build and run your own Bitcoin node on Ubuntu 19.10
- Get link
- X
- Other Apps
I am finally doing my part and running my own bitcoin node in a small home server. Most guides I found online were either incomplete, outdated, or explained only how to run bitcoin-qt (graphical interface). So I built a minimalistic guide with the starting point of Ubuntu 19.10 to run the latest Bitcoin core release (v0.19.0.1) as of today. If you have an old laptop (raspberry pi, NUC, etc even better) a reliable internet connection, and ~ 500Gb of HDD (USB external drive are just fine), you should consider running a node. It's fun, you will deepen your computer knowledge, and you will be supporting the network. A GitHub gist with just the code: https://gist.github.com/Koff/1638aca30d6e14f1dcd374825018074a A more detailed version with some comments: https://www.fsanmartin.co/running-a-bitcoin-node-on-ubuntu-19-10/ Submitted January 18, 2020 at 12:58AM by tokenizer_fsj https://ift.tt/3al3OFk
Efficient Market Hypothesis and Bitcoin Stock-to-Flow Model
- Get link
- X
- Other Apps
Looking on Linkedin, Fidelity is hiring Bitcoin miner engineers. Doing some further research it turns out they are hosting miners with a big colocation start up building mines around the us. First colo is 300mw and I think in Georgia. The job listings here are for other cities. Very cool.
- Get link
- X
- Other Apps
First Tasmania bitcoin atm spotted in the wild, best and western hotel, Launceston, Tasmania
- Get link
- X
- Other Apps
Authorities Hijack $82,373 Life Savings At The Airport For No Reason! Is This Why Bitcoin?
- Get link
- X
- Other Apps
Craig Wright's lawyer has confirmed he did not receive Satoshi's keys or indeed any private keys
- Get link
- X
- Other Apps
Satoshi Nakamoto - "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
- Get link
- X
- Other Apps
Buying Bitcoin Today Still Makes You an Early Adopter With High Potential Reward
- Get link
- X
- Other Apps
I retired two miners and downsized my winter mining op, this is the result.
- Get link
- X
- Other Apps
Bitcoin 2020 Upgrades (it's not only about the halving)
- Get link
- X
- Other Apps
saw this billboard in LA while I was driving (snapped this picture just as the red light turned green)
- Get link
- X
- Other Apps
Routing solutions for the Lightning Network - Gabriel Lehéricy - CryptoFinance January 15, 2020
- Get link
- X
- Other Apps
New Gemini user agreement:can seize/freeze your assets for being "suspicious". Don't use your account for 2 years,freeze or lock your funds,any remaining funds in your account, unclaimed property abandoned property,We reserve the right to deduct fee from such "unclaimed" funds. etc...lots of sketchy
- Get link
- X
- Other Apps
You agree and understand that we have the right to immediately (i) suspend your account and all accounts beneficially owned by you and any members of your household or for which you are a representative or authorized signatory and, in the case of entities, any affiliates (each, a “Related Account”), (ii) freeze/lock the funds and assets in all such accounts, and (iii) suspend your access to Gemini, until a determination has been made, if we suspect, in our sole discretion, you and/or any such accounts to be in violation of: Any provision of this User Agreement; Any Applicable Laws or Regulations; Our BSA/AML Program; or Our Marketplace Conduct Rules, at any time since the opening of such account or Related Account (each, a “Conduct Violation”). You further agree and understand that we have the right to immediately (i) suspend your account and any Related Account, (ii) freeze/lock the funds and assets in all such accounts, and (iii) suspend your access to Gemini until a determination...
The Kindest Cut: Why the 2020 Bitcoin Halvening Is the Most Important Yet
- Get link
- X
- Other Apps
Institutional Money ‘Has Arrived’ In Bitcoin As Grayscale Sees Record $600 Million Inflows
- Get link
- X
- Other Apps
Bitcoin Researcher Drums Up Academic Interest in Erlay Protocol
- Get link
- X
- Other Apps
BTCPay Server Now Processing Blockstream's Liquid Assets - CoinDesk
- Get link
- X
- Other Apps
Here’s Why Some Financial Advisors Are Adding Bitcoin To Client Portfolios
- Get link
- X
- Other Apps
On Twitter, Ex-Morgan Stanley Programmers Hide 2.1 BTC In The Latest Portrait of Satoshi
- Get link
- X
- Other Apps
"if you can't pay your taxes with it, it's not going to work!" Hilarious old people attacking bitcoin on NZ news 2013
- Get link
- X
- Other Apps
Don't trust. Verify!
- Get link
- X
- Other Apps
What can be done to improve the general users' awareness of security issues? The average Bitcoin user is quick to spread memes like "verify all the things" or "don't trust. Verify!" but then goes on and uses custodial services to store his bitcoins or doesn't care that nobody does verify the software they use, as long as it's open source. Probably people think that somebody else in the community is doing the verification and indeed, bitcoin core is highly scrutinized and the binaries are independently verified by many more than one person, yet the majority of wallets deployed are not bitcoin core or desktop wallets in general, where verifiability is more common. The majority is mobile apps. My field of expertise is Android and there, the situation is really grim: Coinbase - a custodial service - has more than 10 million downloads . Another 3 million downloads are spread out over other custodial "wallets" Luno, Coinomi and Coins.ph ...
Fake Money
- Get link
- X
- Other Apps
I work at a bank, and although I am relatively new to BTC investing, I had mentioned to a coworker in their 40s that it is something that is a great investment for the future. They looked at me and told me that BTC is “fake money” because that’s what The Big Bang Theory tv show said.... The classic “I don’t understand it so therefore it must not be good” strategy that more and more of the older generation seem to have is so strange to me, especially with something like BTC. Submitted January 16, 2020 at 03:16AM by MajorPack https://ift.tt/2NwQHXX
Uzbekistan is Planning To Create National Mining Pool and Launch Licensed Exchange - Welcome Bitcoin 🎯
- Get link
- X
- Other Apps
Winklevoss Twins make bullish case for Bitcoin halvening
- Get link
- X
- Other Apps
I was targeted with a SIM-Swap Attack last night, I think I survived it (possibly related Gatehub hack)
- Get link
- X
- Other Apps
It's 10 pm, I am watching BTC pump like a beast. Out of the blue, I get 3 consecutive text messages. Recovery code for yahoo, recovery key for Abra, And a Third one I wont name. All kinds of alarms went off in my head, I check my yahoo and my Abra account. All is good. No suspicious activity. I think to myself maybe someone is trying to brute force his way into those accounts. I start changing passwords.~20 minutes later, My wife calls me. On Facebook not the phone. she asks me whats wrong with my phone and if I had lost it because she tried to call me and couldn't reach me. And that she got an SMS on her phone saying my SIM card was reactivated or some shit like that. I glance at my phone an sure enough, I don't have service. At this point I realized I was being hacked, My body went numb and my heart skipped a few beats, I froze for a sec then I promptly asked my wife to call T-Mobile and ask them to disable the SIM-Card while I login to every one of my valuable accoun...
The head of the BIS, Agustin Carsten. The final boss.
- Get link
- X
- Other Apps
Ever wonder how much you would have made investing 5% of your salary in Bitcoin the last 3 years? Check out our new Bitcoin dollar cost average calculator!
- Get link
- X
- Other Apps
U.S. Inflation Advances 2.3% In 2019 For Quickest Rate Since 2011
- Get link
- X
- Other Apps
Daily Discussion, January 15, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 15, 2020 at 12:00PM by rBitcoinMod https://ift.tt/35T0Rsl
Can we please remove the awkward last sentence of the r/Bitcoin Description?
- Get link
- X
- Other Apps
A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome. Bitcoin is apolitical. Who cares who it's users are? It is technology. People carry stigmas and it is never good to start putting labels on something or grouping things that might be associated negatively with someone right off the bat. This is a forum after all and where do noobs always go to first learn about something? Usually internet forums, specifically on reddit. I am certainly not politically libertarian myself. It Just seems like a rather odd statement to make is all. Am I overthinking it? Submitted January 16, 2020 at 04:33AM by TerrapinSoup https://ift.tt/36YOBrF
"Happy birthday bitcoin. It has been exciting and enriching working for you for many years." - Bitcoin Developer, Tamás Blummer's last words on Twitter
- Get link
- X
- Other Apps
Bitcoin Developer Since 2012, Tamas Blummer Dies After 3 Year Battle With Cancer
- Get link
- X
- Other Apps
The Quickening - Open Sourced Bitcoin PoS Terminal! In collaboration with BTCSocialist and Cryptonobo we've got it available now on our File Factory!
- Get link
- X
- Other Apps
"What is Money? And Could Bitcoin Be the Best One?" new TEDx talk
- Get link
- X
- Other Apps
Coinbase has restricted my account and they are deleting my posts on r/coinbase
- Get link
- X
- Other Apps
u/coinbasesupport /u/Coinbase-Olga / u/coinbase_kyle u/coinbase_dan u/justin_coinbase u/coinbase_cindy I'm a fully verified user since 2017. My volume is on the second/third level and I have and use the coinbase debit card. I've referred new members to the platform, family and friends. I always was a coinbase fan, because I love the platform and the reputation. But on December 22nd my account was restricted. I can´t use my funds. There wasn't any reason to do it. The only response I got was the same day, coinbase told me that it would be fixed on 2 days. Now, more than 3 weeks later, my account is still restricted and I've not got any new answer to my case. It's really frustrating when a company block your funds, without explanation, without a solution, without any reason, for more than 3 weeks and the support saying nothing. It's unbelievable how coinbase can have the worst support ever, it's a shock. How this can be possible. You are coinbase guys...
The Federal Reserve. If you don’t understand how it works, just start with rule #11 from the Monopoly board game.
- Get link
- X
- Other Apps
"Hal Finney" sounds an awful lot like Halvening... Motion to celebrate his contributions to this wonderful technology by referring to the day of the "halvening" as "Hal Finney Day?"
- Get link
- X
- Other Apps
Burger King Venezuela Starts Bitcoin Payments in First of 40 Stores
- Get link
- X
- Other Apps
A little project I'm working on. Live trade prices from Bitstamp. Live beat rate from my heart.
- Get link
- X
- Other Apps
Bitcoin Whale transfers over $1Bn in a Single Transaction
- Get link
- X
- Other Apps
20 years of inflation. Your fiat lost 50% of it's value. Bitcoin fixes this.
- Get link
- X
- Other Apps
Bitcoin Hashrate Continues to Climb, Up 167% Since 'Mining Death Spiral' Hysteria
- Get link
- X
- Other Apps
CEO of $150B investment fund expects upcoming weakening of USD and jump in Bitcoin price
- Get link
- X
- Other Apps
Just realized that I've had one of my Lightning channels open for over 1 year now!!
- Get link
- X
- Other Apps
Venezuela UPDATE. 1 BTC is around 632,000,000 Bs (Bolivares). A week days ago it was 500,000,000 Bs. Monthly minimum wage was raised to around 5 USD. 638 BTC were traded last week using only LBTC (last week it was 610) which is around 363,445,000,000 Bs. (ATH) AMA.
- Get link
- X
- Other Apps
Updating the situation here in Venezuela. These volumes are only measured using Localbitcoin (LBTC) using their API (Coindance). Big part of that exchange come from Venezuelans that live abroad and send money to their families, miners, people that get paid in cryptos (freelancing) and even the own government. It is around 2000 BTC per month. Minimum wage (which is earned by a big chuck of the population, not like other countries) is 250,000 Bs. wage (less than 3 USD) + 200,000 Bs. food bonus (less than 3 USD) PER MONTH. Increased from 150,000 Bs. and 150,000 Bs. Goverment gave away a 0.5 Petro airdrop to a lot of people this week as a " free bonus", which is around 30 USD. People could change it into FIAT (Bolivares) in some POS. It has been halted because everyone changed them to FIAT and increased inflation and prices. "Fixed" price of the PETRO is 60 USD (they want a stablecoin) but in the few exchanges (tied to the government itself) it is trading under 30 U...
OpenNode has processed over 118k Lightning Transactions. That's less ~28MB on the Bitcoin Blockchain
- Get link
- X
- Other Apps
Dutch Bank ABN-Amro hits with negative interest rates, creeping further into Europe.
- Get link
- X
- Other Apps
Class Action against IRS 1040 "Virtual Currency" Question for Illegal Targeting
- Get link
- X
- Other Apps
Just wondering, I don't know anything about legal stuff but what would it take to file a class action lawsuit against the IRS for the "Virtual Currency" question that seems to be targeting a very specific class of people (Cryptocurrency holders) with zero bearing on the amount of taxes due? It seems the question may open a person up to additional scrutiny, and there is a lot of political reasons for Cryptocurrency advocates to be under this additional scrutiny as many are affiliated with economic libertarian views (many similarities to the Tea Party targeting). The answer to the question doesn't seem to affect the actual dollar amounts in any way. And a tax return is not a census or survey. Is there some advocate organization that could help? The Tea Party group successfully won against the IRS for the illegal targeting that happened in 2017. Reference: https://www.washingtontimes.com/news/2017/oct/26/tea-party-groups-targeted-irs-get-35-million-settl/ Submi...
Buying Bitcoin Is Your Best Chance To Reclaim Power As A Citizen
- Get link
- X
- Other Apps
Bitcoin Is Magic Internet Money. Let's Keep It Weird. 🧙♂️
- Get link
- X
- Other Apps
Gold company brings in $50 million by accepting Bitcoin
- Get link
- X
- Other Apps
Bitcoin in the PC game Escape from Tarkov. This looks amazing!
- Get link
- X
- Other Apps
Reminder from BTCPay Server: Setup a rate provider or your store will stop working!
- Get link
- X
- Other Apps
For two years I've been staring at this poster while taking a shit.
- Get link
- X
- Other Apps
BitMEX Research: Lightning Network (Part 6) – Over 60,000 Non-Cooperative Channel Closures
- Get link
- X
- Other Apps
The exodus from Bitpay continues. Gandi looks for alternative solutions.
- Get link
- X
- Other Apps
Would you be open to paying your lawyer via bitcoin?
- Get link
- X
- Other Apps
Hi there I have my own law firm based in South Africa. The profession is very behind with the times. I wanted to know if the community would be open to making use of legal services in exchange for btc? Looking forward to hearing your thoughts on the matter. As a side - have you ever paid for any professional services via btc? If you have, what was the experience like? Submitted January 12, 2020 at 10:23PM by Eldajo https://ift.tt/2uHDQvA
To whom it may concern: New rules coming up for cryptocurrency licensed businesses in Estonia.
- Get link
- X
- Other Apps
Amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) were adopted by the Estonian parliament Riigikogu on 11 December 2019. The focus of the amendments is on cryptocurrency service providers. The main purpose of the amendments is to strengthen the position of the Estonian Financial Intelligence Unit (FIU) in its authorisation and supervision procedures for cryptocurrency-related businesses. The main amendments are: - the currently two different licenses are merged into one licence with two services; - crypto-to-crypto exchange becomes regulated; - the state fee for a new application increases from 345 to 3300 euros; - the KYC and AML compliance requirements will be equalled to those of financial institutions; - registered office, actual business and the location of the management needs to be in Estonia; - the minimum share capital requirement is set to 12 000 euros (currently it is 2500 euros); - the FIU will have 60 days with a possible extension...
Daily Discussion, January 12, 2020
- Get link
- X
- Other Apps
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! General Price Talk Please check the previous discussion thread for unanswered questions. Submitted January 12, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2R293ko
Watch out for possible scam from this dude on reddit. Never give away any password of any sort to anyone! You have been warned.
- Get link
- X
- Other Apps
Bitcoin Ad in Biggest Train Station in South Africa. Gautrain is a rail system in South Africa, which links Johannesburg, Pretoria, Ekurhuleni and O. R. Tambo International Airport.
- Get link
- X
- Other Apps
Weaponizing Money - U.S. Threatens to Block Iraqi's Accounts With FED if Troops Told to Leave
- Get link
- X
- Other Apps
Coins: A trustless sidechain protocol
- Get link
- X
- Other Apps
Hi all, I've been working on a sidechain protocol with no trusted third party. You can find the whitepaper here . Abstract. Coins is a Bitcoin extension designed for payments at scale. We propose an efficient solution to the double-spending problem using a bitcoin-backed proof-of-stake. Validators vote on sidechain blocks with one-time signatures, forming a record that cannot be changed without destroying their collateral. Every user can become a validator by locking bitcoins. One-time signatures guarantee that validators loose their stake for publishing conflicting histories. Checkpoints can be additionally secured with a bitcoin-backed proof-of-burn. Assuming a rational majority of validators, the sidechain provides safety and liveness. The sidechain’s footprint within bitcoin’s blockchain is minimal. The protocol is a generic consensus mechanism allowing for arbitrary sidechain assets. Spawning multiple, independen...