Another company moving to the bitcoin standard. Gradually then all at once ...
https://twitter.com/saifedean/status/1311358424035340288?s=09 Submitted October 01, 2020 at 01:51AM by RedWineBlackPiano https://ift.tt/2SbJPky
Posts
Showing posts from September, 2020
Last Time There Was a Presidential Debate, Bitcoin’s Price Was $630
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Pakistani High Court Demands Central Bank to Lift Ban on Bitcoin
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If Bitcoin’s Price Is Stagnating Right Now, the Real Signal Is Its Fundamentals That Are Skyrocketing
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There is less than 12% of Bitcoin left in the world to mine
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Boosting the Circular Bitcoin Economy: Toffee Partners With Wyre
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Finished coding my Raspberry Pi to be a BTC ticker. Updates every second
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Grayscale Buys $183 Million Worth of Bitcoin in 3 Days
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Getting more and more BTC - besides DCA as a method?
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I'm wondering on the best strategy to acquire more and more BTC besides the weekly / monthly DCA method? Like exchanging different alt coins (LTC, ETH) to BTC when the exchange rate changes in our favor? Or is does not make sense as the gains are minimal and I'm better off with simple DCA? Thanks! Submitted September 29, 2020 at 04:41PM by xxchickenloopxx https://ift.tt/3cIIwTC
New bill says a digital wallet will be created for every American and maintained by all banks within two months
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"In our view, Bitcoin’s clear value proposition will keep gaining traction and growth until it matures into a normal commodity of the 21st century. This is unless some black swan (such as a serious bug or a very large scale hack) cause the Bitcoin project to fail."
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Silk Road Founder DPR's Bitcoins Would Now Be Worth Over $1 Billion
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What is the path of least resistance to create a small store that accepts crypto? (BTCPayServer woes)
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I tried to set up a store for stickers and stuff like that over the weekend, that could accept Bitcoin. I thought BTCPay Server would be easy, but this was my experience: 1) I've heard BTCPay Jungle is easy and good, I go to their website and it is only configured for the site owner and no obvious way to create an account, I guess it shut down? 2) I head to the BTCPayServer docs to find other third party hosts and find this list . I try about five most have the same problem as #1. One does allow me to sign up but won't let me continue without verifying my email. Unfortunately they never send the email to confirm. 3) I try to set something up in Google Cloud with the docs which links to this Github README which has a broken link to a YouTube video . Also the instructions do not work after trying them as is. Isn't this the project sponsored by Square? Am I an idiot that I can't get this to work or is it just broken? I'm willing to try again and even go so fa
Bitcoin And Blockchain Are The ‘Future’ Of Twitter, CEO Jack Dorsey Reveals
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The State of Immutability & Centralized Authority
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“There has never been an example of a $100B monster digital network that was vanquished once it got to that dominant position. Bitcoin has already won." -Michael Saylor
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Blockstreams new wallet
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https://blockstream.com/2020/09/26/en-introducing-aqua-wallet/ - Blockstream release Aqua, and you can buy bitcoin with it using Apple Pay! Nice! Tried it and it’s very smooth. No need for beginners to use Revolut for crappy BTC certificates anymore, they can now be their own custodian using Apple Pay on iOS. Submitted September 28, 2020 at 11:55PM by ando999 https://ift.tt/3cPM07f
Every Wednesday there is a hosted Bitcoin Core PR Review Club on IRC. All welcome to join. This week's review: PR#18772 - Calculate fees in getblock using BlockUndo data
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Considering cashing out every other investment and going all in on Crypto. How stupid is this?
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I know this is generally thought of to be stupid, but with the way things are going I have zero faith in any government backed anything right now, including real estate and the obvious things like stocks. The only exception is commodities and metals. Which would be the other 20% of my port just as a hedge. It seems like with the way things are going hyper inflation is on the horizon, and I have been researching the global economic forum and everything is heading toward the blockchain anyways. It seems to me bitcoin is almost in that "too big to fail" place, because it's used worldwide and even if every country unanimously comes together and bans it I don't even know how this could or would be enforced. Am I crazy for thinking this? Additionally, are there other complete doom scenarios that could take bitcoin down? I'm primarily talking about bitcoin here since almost all coins are directly tied to it, but my portfolio would consist of a variety of coins. Wha
Daily Discussion, September 29, 2020
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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. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted September 29, 2020 at 12:00PM by rBitcoinMod https://ift.tt/3mZxUEF
A Novel Economic Institution with Yassine Elmandjra — What Bitcoin Did
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Could someone help me find my bitcoin transaction ID? Sorry for the noob question. I’ve sent the Bitcoin, however the seller has said I need to provide the ID. Urggg. Thanks.
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The Bitcoin Family: Still on the Road—After Three Years! In 2017, Didi Taihuttu sold everything for Bitcoin, convinced he’d be a multi-millionaire by 2020. How’s that working out for him and his family?
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Call me crazy but with so many awesome stocks making huge moves in the market. I keep on simply accumulating BTC. Not sure if its a healthy addiction but I have no regrets I guess.
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The Greyscale Bitcoin Trust is now holding 450,000 BTC - 2.4% of the current supply.
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The More You Understand the Why of Bitcoin, the Less Likely You Are to Buy Altcoins
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Why Proof of Work Based Nakamoto Consensus is Secure and Complete
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Grayscale Adds $186 Million of Bitcoin to its Reserves
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Bitcoin is a Currency according to a proposed Bill in Israel
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Just had a guy tell me about how his moms boyfriend bought a ton of bitcoin “like 20 years ago” and how he’s just been sitting on it.
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1971: The Year That Changed Everything (Bitcoin fixes this)
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Does anyone use their bitcoin to make purchases?
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Investors including me have been sinking money into it for years, but I've never seen anyone plunking the rare metal down when they buy daily utilities. Do you guys actually use your precious BTC? EDIT: What platforms do you use to make your purchases? Submitted September 28, 2020 at 08:18PM by Agridek https://ift.tt/36fGc5l
Help us build an awesome Lightning Network product (and I'll send you 250sats)!
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Thank you for your time to read this (and I apologize about the re-post)! We are a Taiwanese team wishing to build a lightning-network based product and hence, contribute to the Bitcoin ecosystem. Any responses to our questionnaire will be greatly appreciated. It should take only a few minutes. As a token of appreciation, the questionnaire has a section to submit a 1000sat lightning invoice. Click here for the questionnaire Thank you in advance! P.S. It has come to our attention that we are getting sybil attacked with multi-submissions of 1000+ sat invoices. We have removed the invoice submission section unfortunately. Feel free to send a DM or leave a comment below! Submitted September 28, 2020 at 09:17AM by evanlinjin https://ift.tt/334MCT4
Daily Discussion, September 28, 2020
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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. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted September 28, 2020 at 12:00PM by rBitcoinMod https://ift.tt/335XKiz
What is the greatest threat to bitcoin’s success beyond 2020?
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As of today (September 2020), what do you think is the greatest threat to bitcoin’s success in getting to 6-digit price? Other cryptos Government’s banning/regulations Governments decide to become fiscally responsible Mining becomes unprofitable Network becomes too congested when price rise and transaction fees get too prohibitively expensive Failure of micropayments (LN turns out to be not usable/scalable) Tether getting audited and bring down all cryptos solvency issues and liquidity crisis something else not mentioned? Thoughts? Submitted September 28, 2020 at 07:11AM by stackingsatseveryday https://ift.tt/348Kd94
TAILS OS: Become Invisible On The Web With This Ultimate Privacy OS
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Just made some Bitcoin designs! Hope you like them :)
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Bitcoin Sets Record 63 Straight Days Closing Above $10,000 - CoinDesk
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Instead of worrying about BTC's price. Research the technology, be updated about the economy, and enhance your online security
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That's what I'm doing, at least. Just develop the hobby of googling a plain "bitcoin" to be updated about its current news. I enjoy reading the bullshit section of economy in WSJ. I basically believe the opposite of anything they're saying. Like a recent article claiming full recovery at the the end of 2020. What kind of a vaccine that is so powerful to end a worldwide crisis in 3 months. Anyways, for online security I suggest: - Yubikey with Binance and Google accounts. (Both support U2F, physical touch to log in, users have never been phished) - Trezor one for Bitcoin storage - ColdTi for Titanium-engraved recovery phrase storage All three cost $99. It's the optimal security to date. Protect you from both digital theft and environmental crises. Note: Be careful what chrome extensions you install. Some replace your clipboard and people have reported sending funds to the wrong address. Submitted September 28, 2020 at 09:17AM by Leader92 https:/
The Bitcoin Standard Podcast Seminar 5 with Michael Saylor
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Question for the People Who Think BTC is Going 10x or More
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I understand Im on a BTC forum so the enthusiasm is high, and the recent thread about people who think BTC is all but destined for $100k+, and sooner rather than later (many people saying 2021, few people saying 2030)... Are you throwing every last available dollar into BTC because if those are you sincere beliefs it pretty much seems foolish not to. Im bullish on it, dont have a particular date or price in mind but I do think its going up, but 10x in a year, or ever 10 years, would be the best investment game in town by orders of magnitude. Submitted September 28, 2020 at 01:29AM by lonnie123 https://ift.tt/3j3LPHz
How to buy bitcoin in Tunisia ?
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Hey everyone, I’m currently living in Tunisia and I’m looking to buy some Bitcoin. I am having some troubles finding a way to do so. Payment methods like PayPal aren’t available here so I was wondering where and how do you guys do it? Submitted September 27, 2020 at 06:35PM by dimensionmann https://ift.tt/2EDptOf
Best fee rate for routing in lightning
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I set up many big channels to popular nodes in the network and balanced them so that remote and local capacity are as evenly distributed as possible. The fee rate of all my channels is the default setting of 1 sat base fee and 1 mSat fee rate. I see some of my peers have different policies like 0.5 sats base fee and 500mSat fee rate. I got some decent amount of routing in the past, my node is running ~3 months so far and I got ~750 forwardings in total. Now I want to increase the amount of routing my node does and I think opening balanced high capacity channels to popular nodes was the first step and now I am wondering about the fee rates and if there is something than can be optimized. Do you have any tips or experience yourself you can tell me about, maybe any lightning node operators that have already experimented with fee rates? Edit: I do this as a self experiment to see what yields the best results for my own curiosity, I don't do this to earn any real money. Submi
One day I'll have grandchildren and I'll tell them how I fought during the UASF "war" back in 2017
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The Hidden Truth Behind Money Laundering, Banks And Cryptocurrency “We live in a complex world, where one country may view an act as a criminal and the other may not. A lot of people have a black and white view, but the world is actually grey,” says CZ, CEO of Binance. @Forbes
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Anthony Pompliano: 'There's No Better Asset in the World Than Bitcoin' (1-minute audio clip from his podcast with Jim Cramer)
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Galaxy Digital: Bitcoin’s Price Potential Is Greater Than 60x
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Bought something using BTC for the first time!
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I know it's not a Lambo but I'm very proud to have bought a 2 year VPN subscription using BTC ♥️ I saved a whole lot of money paying it with crypto than fiat (upon comparison with my average BTC buying price). Looking forward to more transactions using BTC in the future ☺️ Submitted September 27, 2020 at 09:01PM by _-september-_ https://ift.tt/3jbzQHZ
How many people here think 100k is happening at any point?
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Paxful - Jesus FUCK man!
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I was scammed 7 times today on paxful. Fortunately I got my money back everytime thanks to escrow. But I just wanted to say I'm amazed how paxful is overridden with scammers from Kenya and Nigeria. Holy shit. That place is like a cesspool full of the worst of the worst. If any moderator from paxful reads this, fix up your website for crying out loud. It's a joke. Submitted September 27, 2020 at 01:11AM by freshperspektive https://ift.tt/2S2BVu4
Introducing the Aqua Wallet - a simple iOS mobile wallet designed for the mass adoption of digital assets.
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Daily Discussion, September 27, 2020
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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. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted September 27, 2020 at 12:01PM by rBitcoinMod https://ift.tt/2EBFxjo
Bitcoin Logarithmic Regression + Geometric Representation
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Room for growth? Google Trends for Bitcoin dropped to pre-COVID19 levels, despite Bitcoin is trading above the $10K mark
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I want to get some Bitcoin for family and friends for Xmas. What’s the best way to give out different wallets to each person
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Everyone is posting their new local BTC ATMs. This guy is standing at my local shopping center since 2014.
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How to Learn Bitcoin From Command Line
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Hello everyone, I've been a long time BTC supporter and I'm wanting to dive deeper and learn Bitcoin from command line. Unfortunately, I have zero programming experience. I know the very basic terms but the only code I've ever written is "hello, world". Before I start diving into command line I think it's best for me to read guides or watch youtube videos. Can someone help me on where to start? The link below is what popped up on Google but I don't even know where to start on GitHub so I'm quite lost. Any links or videos that can help me would be greatly appreciated. Thanks. https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line Submitted September 27, 2020 at 02:00AM by tpmv69 https://ift.tt/2S44CGY
This election and all the uncertainty can't be good for the US dollar? Good for Bitcoin?
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Venezuela turns to satellites to connect Bitcoin nodes
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FinCEN Files: The Wonderful World of Colluded Capitalism – Mafias, Oligarchs and the Banking Cartel
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The 3 Biggest Reasons Why Bitcoin Will Become the Standard for Generation Z and Generation Alpha
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No Internet, No Problem. Venezuela Gets Bitcoin Satellite Node - Decrypt
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Cryptobuyer Launches Venezuela’s First Bitcoin Satellite Node
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Antonopoulos: "FinCen leak ...will be used against cryptocurrencies"
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https://twitter.com/aantonop/status/1308026648781086720 A lot of people who are into cryptocurrencies will see this FinCen leak as vindication and proof that banks are money launderers. But, this will be used against cryptocurrencies... See the correct analysis of this news is that AML/CTF and KYC don't work. They will never work because they try to control the *tool* not the *criminal act*. It's not the money that is illicit, it's the use of that money to commit crimes. I've talked about this extensively. Not only is the use of money as a crime-control mechanism ineffective, it has terrible consequences that increase poverty for billions by creating economic exclusion. So it's not just useless, it is "Worse than Useless" "Worse than Useless" is the title of a talk I gave about this topic. For the illusion of unatainable security and crime fighting we get two obvious and unavoidable results: billions cut out of the financial system and enor
Russia Proposes Jail Time for Undeclared Bitcoin Wallets
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As of block 650,000 there are 18499823.37744111 BTC in existence
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Just ran the numbers on my node. If you audited the supply at the same block, you should have the same number. { "height": 650000, "bestblock": "0000000000000000000060e32d547b6ae2ded52aadbc6310808e4ae42b08cc6a", "transactions": 41429824, "txouts": 67327325, "bogosize": 5056099770, "hash_serialized_2": "745da4f4e1f749312faeb4431d3ed2aa899dce138c5bac3d9f304c03f8887754", "disk_size": 4108808771, "total_amount": 18499823.37744111 } Submitted September 26, 2020 at 04:44AM by bitbug42 https://ift.tt/3j5vemD
To Understand Bitcoin, Close Your Eyes and Imagine Eternal Life
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A patent expired for a technique that speeds up signature validation by 25%. That's huge.
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Don’t Fight the Fed on Its Playing Field, Leave This Losing Battle by Opting for Bitcoin
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Israel wants to recognize Bitcoin as a currency; "You hear that? '🎶⚡⛈️⚡🎶' That's the sound of the Country Adoption Dominos wobbling"
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Twitter CEO Explains How Bitcoin, Blockchain Will Revamp Its Business - Decrypt
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The only reason why guys like Portnoy view Bitcoin as a ponzi is because he only understands it as a way to get more USD. Portnoy has to acknowledge why other people value and appreciate Bitcoin. It's not just a "get rich quick scheme". It's a "change the rules of the game scheme".
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Bitcoin is a market mechanism to find equilibrium between supply and demand, store value, and allow humans to coordinate and collaborate in new and peaceful ways. Problem is that the IRS stifles Bitcoin's use as a medium of exchange because of the tax laws. Submitted September 25, 2020 at 07:20PM by the420chronicler https://ift.tt/309uYM6
@JackMallers demoing on-chain payments coming to @ln_strike - pay to Bitcoin addresses from your bank account 🚀
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CEO of publicly traded company MicroStrategy, Michael Saylor, says that hedge fund titan Paul Tudor Jones should have put much more than 2% into bitcoin if he really understood it.
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Absolute proof that bitcoin is underpriced
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In the last six months alone, to fight the "virus," Canada has set up a benefit that pays $500 per week for EVERY SINGLE CANADIAN affected by the virus (8M+ people, kids aren't affected and old people still get their pension plan, etc). It also set up programs that: a) Pay up to 50% of rent AND municipal taxes for business b) Subsidizes up to 90% of a company's wages if it had to close due to virus c) Double the tax credit for millions of families d) Extended deadlines to pay taxes, removed fees and interest e) Other programs to "help" Canadians through the pandemic. Total cost of that program? 275B CAD. That's $10,000 for EVERY. SINGLE. CANADIAN. Of course, taxes for the year are plumetting as people are working less, buying less (sales taxes), businesses are closed, etc. Where did they take take that money then? Well, they pretty much just printed. Our debt went from $750B to over a trillion. And here's the kicker: THIS PROGRAM IS ABOUT
Was re watching Deadpool last night. Definitely one of the most subtle cryptocurrency reference :P
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Google + Blockchain.com = Phishing!
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Hi everyone! I’m a staff member of Cryptonews.net app service, and our wallet account at Blockchain.com was fuckin’ phished yesterday due to (1st - our stupidity, yeah) their flawed security system and Google Adwords combined. It really sucks and we are totally wasted since we had our dev budget over there :((( We are a small dev and editorial team, running our project for 3 years. We grow step by step, since we don’t have investments. The point is, we kept our finance in a Blockchain.com wallet since we considered these asshls to be reliable. Also, fkin retarded Google Ad system still allows phishers of all kinds to profit from tons of unaware users - losing their bucks. Seems like they’re biased or smth - as users continue to lose money due to phishing vulnerabilities, Google earns their buck on us who are clicking these malicious ads!!! Well, perhaps that’s nothing new to you. Nevertheless, we appeal to Redditors as we are now desperate to find a solution - Blockhain.com support
Tips and tricks on what to take into account when you are own of large ASIC farms
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Pomp Podcast #392: Dave Portnoy on Barstool, Betting, and Bitcoin
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I've got a spare Raspberry Pi 3, and a 120GB SSD. What's the simplest way to start a Lightning node?
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I know that 120GB isn't close to enough to store the full chain, but I understand that this isn't always completely necessary? I have enough experience to get a Pi up and running as a personal Samba server and seedbox with help from tutorials. I have basic knowledge of navigating a unix terminal. That's about it. Is there a relatively simple and quick, and - most importantly - secure, way to get a Lightning node up and running? I want to do my part to help, plus I hear I can stack a few sats on fess if I get lucky. Thanks (I'm expecting a lot of replies that begin with: "First, get a Pi 4 and a 500GB-1TB SSD") Submitted September 25, 2020 at 04:54AM by MiguelLancaster https://ift.tt/3kYr3Kb
Do you still trust banks? (animated Bitcoin art)
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Raoul Pal on Why He's Irresponsibly Long Bitcoin
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Guy Builds ATM Machine Where You Can Buy Bitcoin Using Your Spare Change
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Two years ago, one year ago, today
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Two years ago today I owned 1.12BTC at an average purchase price of $4500 Prices had already dropped a great deal from the months prior, but I remained calm in my hodl mentality -- the price was still well above my average, after all. That changed quite rapidly and I sold it all at my break even point, only taking a loss on fees. It wasn't that I got scared - I was two years in the game by then - I just got greedy. I had every intention of buying right back in at around 3k -- increasing my stacks and lowering my average. I watched it hit my target and didn't buy back. I watched it rally back above my previous average and didn't buy back. I was left with 0.0BTC and a handful of shitcoins that weren't worth the trouble. I watched it exceed $10K and *then* I finally started thinking about buying back. ---------- One year ago today I had .3BTC at an average price just above $10,000 Today I have 1.65BTC at an average price of $9500. I'm always a bit sore abo
Almost 7 years ago someone on reddit tipped me $0.25 in bitcoin in a comment. Today I cashed out at $14 profit!
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Gemini Is Live in the UK! Now supports the pound sterling (GBP) and allows you to purchase crypto with your debit card or make a GBP deposit from your bank via Faster Payments, CHAPS, or SWIFT wire.
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Bitcoin Helps Cubans to Free Themselves From the U.S. Embargo
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Spain: Some 120,000 BTC at Stake After Crypto Trading Bot Arbistar 2.0 Reportedly Glitches
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How Donald Trump’s Call for a Complete Ban on WeChat in the U.S. Could Benefit Bitcoin
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Crypto.com copying your clipboard on app launch 😡
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Liquid sidechain reaches 1M blocks
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The Liquid sidechain has just reached 1 million blocks after almost two years in operation. https://blockstream.info/liquid/block/b238eccd76f1ff7b26dab722ae28850eacbd9cc6901e057140ba65c3d31422a3 Block 1,000,000 contained 2 transaction (1 of which was confidential). Details follows: Height 1,000,000 Status In best chain (622 confirmations) Timestamp 2020-09-23 19:35:59 GMT Size 10.816 KB Virtual size 5 vKB Weight units 16.813 KWU Version 0x20000000 Merkle root: dc9390b1ad8c1071853c4bf559bc94d7ff7111b9c74cf5789b8ea624aa159aef Block Challenge: 5b21026a2a106ec32c8a1e8052e5d02a7b0a150423dbd9b116fc48d46630ff6e6a05b92102791646a8b49c2740352b4495c118d876347bf47d0551c01c4332fdc2df526f1a2102888bda53a424466b0451627df22090143bbf7c060e9eacb1e38426f6b07f2ae12102aee8967150dee220f613de3b239320355a498808084a93eaf39a34dcd62024852102d46e9259d0a0bb2bcbc461a3e68f34adca27b8d08fbe985853992b4b104e27412102e9944e35e5750ab621e098145b8e6cf373c273b7c04747d1aa020be0af40ccd621
How Trump’s Strategy For the US Dollar Could Ultimately Impact Bitcoin
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Cab driver just asked if I wanted to pay in cash, credit or bitcoin.
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Three Iranian Power Plants Will Soon Be Mining Bitcoin
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:-) Bitcoin mining on the Apollo Guidance Computer
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Ternio Opens the ability to Purchase Bitcoin Directly From BlockCard’s Bank Account
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MicroStragegy’s Bitcoin Play is Just Smart Business, Nothing Else: CEO Explains
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MicroStrategy has been featuring more in cryptosphere and it all started when it converted its primary asset base into Bitcoin. However, the business intelligence software provider is also staying aware of the possible swings in Bitcoin’s price and is ready to sell at a moment’s notice. Safety Amid an Economic Downturn Earlier this week, Michael Saylor, MicroStrategy’s chief executive, sat for an interview with Bloomberg, where he spoke about the firm’s shocking move to hold over $400 million in Bitcoin. There, he explained that they see Bitcoin as a safer asset, especially compared to cash and gold. Saylor explained in part that he chose to make the move to Bitcoin because he had seen the impact of the coronavirus pandemic on traditional assets. Before the pandemic hit, the firm had about $500 million in assets, which it had invested primarily in short-term government securities. Sadly, the pandemic caused yields on the securities to tumble, and Saylor knew that the company had t
Lightning Junkies: LNJ036 - Alex Bosworth Talks Routing Nodes
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Share Stories of people who bought bitcoin in 2010-2013.
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US Digital Dollar Plan Leaked, Coinbase Involved
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Lightning Network: Bitfinex Now Supports "Wumbo Channels"
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In Unprecedented Monetary Overhaul, the Fed is Preparing to Deposit “Digital Dollars” Directly to “Each American”
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Fed To Deposit Digital Dollars Directly to Americans
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Chamath Palihapitiya said that despite making several 'great' investments, nothing can compare with his Bitcoin bet
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Understanding Lightning: How Two-Way Channels Work
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Venezuelan Authorities to Govern All Bitcoin Mining, by Decree
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@btcdragonlord: That's right! There's no shitcoin inside!
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After pouring in $425 million of MicroStrategy funds into bitcoin, CEO Michael Saylor says that bitcoin is a better bet than gold.
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Tight Bitcoin supply to drive demand amid economic uncertainty, strategist says
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Bitcoin tumbling using A²L: Anonymous Atomic Locks explained.
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Reminder: Update your Bitcoin node to a recent version. That is all.
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Nothing Can Stop Bitcoin, Not Even a Generalized Shutdown of the Internet at a Global Level
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Iran to Provide Crypto Miners With More Electricity Subsidies | News Break
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No Escape for Craig Wright as his 1.1 Million BTC case set to go to Trial
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CEO Says Bitcoin Is Safer After Moving Firm’s Cash to Crypto
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The worst part about all this money laundering scandal is that they are doing it with intermediaries, leaving paper trail and probably paying high fees. They’re not even good at being criminals. Sad. 😢
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Bitcoin mining legalized in Venezuela; National Pool included
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In ten years, we might be looking back at Microstrategy the same way we now look at the 10,000 BTC pizzas.
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Real Bitcoin dominance has advanced to 93.57% - according to Michael Saylor, whose MicroStrategy (MSTR) company just bought half a billion worth of bitcoins.
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Why a Currency Devaluation is Likely with Lyn Alden — What Bitcoin Did
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Instant fiat conversion for BTCPay Server stores using Kraken exchange
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Failure to stack sats is not an option! Don't be left behind!
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This Gold Asteroid Was the Heart of a Dead Planet. And It's Worth $10,000 Quadrillion That's more than the world's economy.
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Tomorrow (Wednesday): Bitcoin Core PR Review Club: PR#19761 (improve sed robustness by not using sed)
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US Banks launder 800X more money than Bitcoin has ever been used to launder. And Bitcoin is the bad guy?
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Anatomy of the Bitcoin Node filesystem
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There are man explanations like this, but this one is mine. Just in case anyone was curious. I dug up some good posts on this and thought I'd distill it as best I could. I'll be using Windows file separators, but fee free to change them in your head. If you name a -datadir argument, this is what will land there. If one is not named it defaults to %APPDATA%\Bitcoin <datadir>\bitcoin.conf - The config file <datadir>\debug.log - The log file <datadir>\*.dat - Info on fees, peers, bans and mempool <datadir>\blocks\index\* - Metadata for the block store <datadir>\chainstate\* - The UTXO database If you name a -blocksdir argument, this is what will land there. If one is not named it defaults to <datadir> <blocksdir>\blocks\blk*.dat - The raw block data <blocksdir>\blocks\rev*.dat - The Undo files. List of spent UTXOs for each block If you name a -main.walletdir argument, this is what will land there. If one is
Chamath Palihapitiya’s Social Capital Holds Bitcoin From 2013 Amid Talk of Public Listing
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The Lack of Long-Term Vision Is What Prevents Many People From Entering the Bitcoin Revolution
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Bermuda Stock Exchange To Have The World’s First Bitcoin ETF
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Bitcoin makes me feel like I’m in the resistance.
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I often see things like the 1% owns over 50% of the wealth or that 10 companies own and manage all of the food companies and the latest news about banks doing dirty work, again. Bitcoin makes me feel like I’m able to fight the system. It’s my protest. I don’t have to hold the money that has only made people suffer due to the government diluting our dollars. Instead I can be a part of the resistance and manage my own bank, that’s capable of getting more than the insulting .01% interest on my money. Submitted September 22, 2020 at 07:55AM by ZeusFinder https://ift.tt/2FGpC44
First Bitcoin ETF approval - Brazilian manager Hashdex closes partnership with nasdaq and gets approval to launch bitcoin etf and cryptocurrencies
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Avoid blockchain.com wallet at all costs
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Seriously. Their web app and mobile app generated a receiving bitcoin address that wasn’t even connected to my account. Get sent a decently sized payment and it just disappears into the void. Can’t recover it at all. Checked the blockchain explorer, electrum, etc. it’s been 3 weeks, support closed my ticket with no help, and the BTC is sitting in the address still unspent. Piece of shit company Submitted September 21, 2020 at 07:03PM by avva https://ift.tt/33PkcLN
SLP213 Michael Saylor – Bitcoin Dematerializes Money
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Lightning Deposits are now available on Bitaroo, Australia's biggest Bitcoin Only exchange
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Craig Wright's Efforts to Dismiss Kleiman’s 1.1 Million Bitcoin Trial Are Denied “On All Grounds”
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Worlds Biggest Banks Pour $2 Trillion of Dirty Money - FinCEN Leak
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Deutsche Bank: Suspected of facilitating funds to Daesh in Iraq
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Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists - ICIJ
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Bitcoin Blockchain Grows to 300 Gigabytes in Size
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Investing 1% of Your Portfolio in Bitcoin Has Small Downside & Massive Upside (45-second audio clip from Anthony Pompliano's podcast with Jim Cramer)
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Satellite powered system launched to run Bitcoin nodes without Internet
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European bank stocks slide after money-laundering allegations - AML - KYC doesn't apply for banks I guess
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As Bitcoiners jump through the KYC/AML hoops...
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FinCEN leak paints picture of indiscriminate money laundering with help of world’s largest banks as govt turns blind eye A massive leak of internal bank documents has supposedly revealed that the world’s biggest financial institutions moved more than $2 trillion in suspected dirty money for mobsters, drug cartels, and ponzi schemers. Submitted September 21, 2020 at 08:07AM by Mark_Bear https://ift.tt/33NUmYz
Bitcoin Fullnode Install Guide for Dummies ;-)
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Feel free to stop at Level 0 or Level 1 , which is fine. More advanced configs are offered to those with more tech savvy. BTW, the "For Dummies" is a callback to a set of "tech" books in the 90's intended to be as easy as possible. It is in jest and not intended to insult the reader. Finally, if you dislike the formatting, a well formatted copy can be found here There is a fairly small subset of r/Bitcoin users that run a full node. I think the idea of running a full node has gotten a bad rap over the years since there is so much talk about running on a Raspberry Pi, or getting zippy SSDs. Although all of this can be fun, it is often not really required at all. Here are some ways to run a full node starting with the very simple. I'll get into more complex configs, but these are all optional. Tech Skill Level: 0 (the basics) Download Bitcoin Core Launch the downloaded installer and install the app Launch the installed "Bitcoin Core" app and
Kraken Is on Track to Create the Bank of the Future Based on Bitcoin
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We need to ban banks because criminals can use it
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Just got freestyle rapper Harry Mack to rap about BTC/Satoshi
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This is the sound cybernetic hornets make as they protect the Bitcoin network while simultaneously helping to make Oil & Gas producers more efficient with their waste gas.
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Do we need another round of stimulus before the next BTC run?
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I think we have reached the moment where “not your keys, not your coins” is more important than ever.
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You have all heard about Michael Saylor of MicroStrategy gobbling up 38,250 bitcoin for $425 million. This MicroStrategy event will be looked back upon as “the shot fired from the starting pistol” marking a new beginning, a new race into bitcoin from an unprecedented wave of institutional and corporate adoption. These new adopters are not average joe’s. These people are entering the game with a level of sophisticated power that we simple plebs and humble sat stackers simply cannot compete with. However, we have ONE single sure-fire way to protect ourselves. That is, get your coins off of the exchanges and into your own self custody… NOW. With this new influx of powerful people, there will be many more critical eyes looking into all the nooks and crannies of the bitcoin space, to ensure they will benefit from bitcoin for their own self interests. (This is good.) The big players want a 21 million hard cap and “number go up” just as much as you do. They do not want fractional rese
Coronavirus Is Shaking the Banks But Not Bitcoin
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Interview with Max Hillebrand of Wasabi Wallet on being All-In on Bitcoin and living in the Bitcoin Circular Economy
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FinCEN Files Show Criminals Moved Billions As Banks Watched, yet BTC is targeted by the very same banks?
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The Norwegian Oil Fund now owns hundreds of Bitcoins
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I made a Bitcoin lemonade stand yesterday but nobody had Btc
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Lightning Networks makes ____ BTC transactions per second now possible.
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Anyone know the number? (I'm assuming the combination of BTC's inherent + LN added ability) Does LN essentially solve the scalability problem of the transactions per second that Bitcoin used to have? Will LN someday become the way the vast majority interact with BTC? Submitted September 20, 2020 at 12:27AM by Spare_Photograph https://ift.tt/2RER7xd
You Can't Fake Bitcoin: CBP Seizes $3.6M in Counterfeit Notes Along Canadian Border
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Unpacking Micro Strategy’s CEO Michael Saylor’s approach to Bitcoin.
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The world is going to change ‘in shocking ways’ in the next five years.
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PayPal to Allow Merchants to Accept Cryptocurrency, According to Aspiriant Managing Director
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Face masks just arrived fresh in 🇬🇧 from USA, love em ❤️
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Local mall near Kansas City. First one I’ve seen in the area!
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Found 2 places in my local mall to purchase BTC!
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‘I Didn’t Buy It to Sell It. Ever.’ MicroStrategy’s Michael Saylor
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Saw this post in r/comics, thought it was a fun way of illustrating lightning! It's great seeing the community grow like this, it means more people from more backgrounds, like arts, are getting on board
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Bitcoin approaches the $ 11,000 mark again! and Major Exchange Updates!
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Daily Discussion, September 19, 2020
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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. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted September 19, 2020 at 12:00PM by rBitcoinMod https://ift.tt/2REHajp
Understanding Lightning Part II – One-Way Channels
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Fresh off the Bitcoin dev mailing list: An incredibly simple replacement for RBF and CPFP that brings significant improvements!
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The system is trying to stop me
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Long story short, I have the Trezor model T. Love it everything is great. Bought $100 worth of bitcoin for a test run, everything went fine. I tried to buy a larger amount and It would not work. Got in touch with my bank and they said that Mastercard (My debit and credit card are both Mastercard) does not allow you to buy crypto currency. The employee told me that the first $100 payment should not have went through and this is why I cannot purchase anymore. So my question is. If I cannot buy bitcoin with my credit or debit card, how can I purchase large amounts of bitcoin without switching banks? Submitted September 19, 2020 at 02:46AM by BrainTrain69 https://ift.tt/3hDhUVa
Bitcoin Art: Cyber Hornet “WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” - Satoshi Nakamoto
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Is Bitcoin undermining the state's power to tax the population?
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Bitcoin is designed very similarly to the three branch system that creates and manages the US Constitution: legislative (developers), executive (miners), and judicial (nodes)
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Will the Lightning Network kill "speed" and "lower rates" altcoins?
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The design of fiat system supports spending. The design of Bitcoin system supports saving.
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And that is exactly what we need to transit from this current broken system that is based on a fairytale of never ending economic growth and resulting in consumerism. Here is the core cause of many of today’s problems including climate change. A learned compulsive spending that is encouraged by the fiat system. A Never ending material growth to compensate for our mental and emotional abandonment. Am not saying Bitcoin is a perfect technologically, but there is a great potential in the incentive structure of it. A potential that can change the mentality of people from reckless consumerism to conscientious spending of wealth. Submitted September 18, 2020 at 11:52PM by blueprint80 https://ift.tt/3mzoIa8
Microstrategy CEO Michael Saylor Thinks Bitcoin Could Be "1,000x" Better Than Gold (18-second clip from his appearance on The Pomp Podcast)
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MicroStrategy's $425M BTC investment thesis - "buy something that can either get cut in half or 10x"
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Amidst all of the DeFi volatility, drama and excitement, Bitcoin has started to seem rather boring. Its price is more or less flat to where it was a year ago and you can’t even farm Yams with it. While some have started to view Bitcoin as a useless digital rock, someone did find an interesting use case for it. This week, more details surfaced around how MicroStrategy CEO Michael Saylor convinced the board of a publicly traded company to allocate nearly all of the company’s $500M cash position to bitcoin. Michael Saylor Saylor graduated from MIT in 1987 and founded Microstrategy at the age of 24. MicroStrategy is a “Business Intelligence” company, which basically creates software that allows companies to use their own data to drive decision making. Interesting side note - Saylor, like any good 90’s internet entrepreneur, also bought a bunch of internet domains and was the guy who ultimately sold Voice.com to Block.One (EOS) for $30M. MicroStrategy’s’ $500M Problem To most people
The biggest LN channel's capacity is now 5 BTC !
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With Wumbo update of LND, channels up to 10 BTC can be created. The biggest channel is now between LOOP and OpenNode. LOOP is a node that draws a lot of inbound liquidity from its neighboors because it swaps offchain bitcoins with onchain ones. Before Wumbo, the big LN nodes with a lot of inbound liquidity openned only one or two channels with the maximum capacity of 0.16777215 BTC. Now big nodes can create big channels to easly consume their excess of inbound liquidity against routing fees of swapping payments. This will reduce a lot the routing fees to loop out and I expect the inbound liquidity to be more distributed in the network, great news ! https://1ml.com/channel/713222406712524800 Submitted September 18, 2020 at 08:37PM by Pantamis https://ift.tt/2RFczSA
MicroStrategy founder: "Bitcoin scales just fine as a store of value"
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Indicator Turns Bullish As Whales Continue Holding Bitcoin
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From 2013: "The bitcoin network is now more powerful than the top 500 supercomputers, combined". So, how big is now in 2020?
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I’m all in
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As the title suggests - I’m all in on Bitcoin. Background: 28 year old with no financial obligations (no house, wife, kids etc). I have a stable job working for a Hedge Fund in London. The way I see Bitcoin is essentially an asymmetric risk/reward bet. There’s a possibility it doesn’t take off from the $10k mark and the price falls indefinitely. On the flip side there is a multitude of bullish sentiment which could realistically 10x the price over the next 5 years. My argument is - with house and equity prices at all time highs, what is my best bet to maximise my income for the future? A provably scarce hard asset that has an enormous network effect and the possibility to grow into a multi trillion market seems like a sensible option. My strategy is definitely not for everyone. I am diversified in the sense that my salary is correlated with the stock market. If BTC and the equity market collapse simultaneously then I will cry myself to sleep for a few days but I’ll still be debt
Kraken Financial Receives Wyoming Charter, Will Be First Crypto Bank In US
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Paxful Announces Fourth “Built With Bitcoin” School, in Nigeria
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Rather Than Trying to Crack Bitcoin Lightning Network, the U.S. Should Fight the Use of USD for Illegal Activities
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Why a Publicly Traded Company Has 85% of its Cash Reserves in Bitcoin
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iFood adds Bitcoin as a discounted payment option
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MicroStrategy Founder: We acquired 21,454 BTC via 78,388 off-chain transactions, then secured it in cold storage with 18 on-chain transactions. #Bitcoin scales just fine as a store of value.
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Namecheap has finally enabled BTCPay Server on their top-up page
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Largest precious metals vendors want your BTC for their products. Good new for the Bulls
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Bitcoin people are always telling me to go trustless... so why are they also always telling me to go for Ledger/Trezor?
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Serious question. I don't have very much Bitcoin but I truly believe in "not your keys, not your coin" and I keep everything on Electrum, I feel it is safe enough and for 4 years, so far so good. But I keep reading (and getting told) I need to buy a Ledger for safer storage. But as far as I can see, Ledger isn't open source. And what if something goes wrong with my Ledger one day and the company closes down and I can't get support? Or how do I know it won't bite me one day and just take my money somehow? I know a lot of people trust the company, and hey that's great. Am I wrong somewhere or have I misunderstood Ledger is not open source? I even feel I personally trust web wallets (I know the risk) much more if they are open source. Like Counterparty wallet. I see new ones coming up now like Bitamp. Am I gravely mistaken? Submitted September 17, 2020 at 04:08PM by hotwheels7777 https://ift.tt/3mxzoFW
Price of Tomorrow Author Jeff Booth Calls Bitcoin A 'Must' And A 'Lifeboat'
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Turkey’s collapse is just a canary in the goldmine. Bitcoin price explode imminent
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Marco Polo Describes Chinese Fiat Currency in the 13th century in his book "The Travels" (China was the first country to use fiat)
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It is in this city of Khan-balik that the Great Khan has his mint; and it is so organized that you might well say that he has mastered the art of alchemy. I will demonstrate this to you here and now. You must know that he has money made for him by the following process, out of the bark of trees-to be precise, from mulberry trees (the same whose leaves furnish food for silkworms). The fine bast between the bark and the wood of the tree is stripped off. Then it is crumbled and pounded and flattened out with the aid of glue into sheets like sheets of cotton paper, which are all black. When made, they are cut up into rectangles of various sizes, longer than they are broad .... And all these papers are sealed with the seal of the Great Khan. The procedure of issue is as formal and as authoritative as if they were made of pure gold or silver. On each piece of money several specially appointed officials write other names, each setting his own stamp. When it is completed in due form, the chi
Negative rates coming soon to a United Kingdom near you.... Buy Bitcoin
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My Health Insurance Provider now accepts Bitcoin as payment for monthly premiums!
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When Buffet Buys Gold, You Know Something Big is Coming...
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Kraken Gets License for Wyoming’s First Cryptocurrency Bank
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‘Kiss’ Star Gene Simmons May Be Planning To Make BTC, Ethereum More Accessible
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The man who got MicroStrategy to invest $300 Mil into Bitcoin has 200 followers on twitter... let's show some love!
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The Federal Reserve Continues to Run the Best Marketing Campaign Ever for Bitcoin
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Ledger Live adds Coin control: Here's why that matters.
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Ledger Live version 2.11.1 ( download link ) adds Coin control for power users. The coin control feature gives advanced users more granular control over their wallets. It enables them to change how and which coins are selected when making transactions. This increases their ability to manage their privacy and the network fees they will have to pay to spend their account balance. More control over your coins How does it work? The account balance for Bitcoin and its derivatives consists of all the unspent transaction outputs (UTXOs) in the account. You can think of UTXOs as the coins in a regular wallet. When you receive money, you collect coins in your wallet. Then, when you want to make a payment, you get to choose which coins you pick from your wallet. Do you pick the largest coins first? Or do you want to spend all the smaller value coins to lighten up your wallet? Similar considerations can be made when creating a Bitcoin or Bitcoin derivative (altcoin) transaction. Before the