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submitted by /u/increaseblocks [link] [comments] |
source https://www.reddit.com/r/btc/comments/ab83ve/ryanxcharles_has_unfollowed_proffaustus_sad/
Monday, 31 December 2018
ryanxcharles has unfollowed @ProfFaustus. SAD!
source https://www.reddit.com/r/btc/comments/ab83ve/ryanxcharles_has_unfollowed_proffaustus_sad/
2018 stats for /r/btc
It's the end of the 2018 year, and I wanted to provide some stats on /r/btc showing our growth and activity for the year.
Traffic by month:
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December 2018
- unique users 206,048
- pageviews 2,227,970
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November 2018
- unique users 290,536
- pageviews 4,673,612
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October 2018
- unique users 183,897
- pageviews 1,749,678
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September 2018
- unique users 189,283
- pageviews 2,258,284
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August 2018
- unique users 205,815
- pageviews 2,356,642
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July 2018
- unique users 198,268
- pageviews 1,896,494
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June 2018
- unique users 234,027
- pageviews 2,084,613
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May 2018
- unique users 274,030
- pageviews 2,677,706
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April 2018
- unique users 340,055
- pageviews 3,072,022
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March 2018
- unique users 364,687
- pageviews 2,911,709
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February 2018
- unique users 426,919
- pageviews 3,405,226
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January 2018
- unique users 865,884
- pageviews 6,347,835
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Traffic chart: https://imgur.com/a/YZVUiFI
Some other stats and anecdotes:
- Busiest day of the week: Thursdays
- Total subscribers currently: 235,980 (we started the year at 140,660)
- Average daily active users: 3,176
- Average number of daily posts: 182
- Average number of daily comments: 2,358
- We are the top three crypto-sub on all of reddit (/r/cryptocurrency, /r/bitcoin, /r/btc)
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Busiest times outside of the bullrun in January/February was surrounding the hard fork in mid-November:
- Active daily users shot up to 7,500 users on November 15
- We had nearly 600 posts and 8,000 comments on November 16 alone
With that said, I think we had a very successful year in this sub through the use of free speech and a censorship free environment where anyone is welcome to discuss different Bitcoin related topics. Obviously we had some troubles during the year with different challenges and obstacles, which I'm not sure how to overcome them when they happen (Sybil attacks, vote bot manipulation, and so on). A lot of these issues stem from the way the Reddit platform is and is out of our control. Overall, I'd say the year was eventful as usual and I for one am looking forward to the 2019 year. Onward!
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab8f7w/2018_stats_for_rbtc/
2018 Sees Bitcoin’s Lowest Average Daily Price Change: Report This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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Bitcoin-Backed Square Named Yahoo Finance Company of the Year This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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Security Researchers Reveal Wallet Vulnerabilities On Stage at 35C3 This article was originally posted on The Bitcoin Magazine - the oldest and most established source of news, information and expert commentary on Bitcoin, blockchain technology and [...]
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Blockchain Future Technology Hype In 2018, Investment Visibility For 2019 Projects
With the end of this magnificent year, it would not be incorrect to state that blockchain future technology made its way to the international platform. The rapid acceptance of this ledger form helped in creating more viable products and services of this domain. WORBLI, a blockchain infrastructure finance system unveiled that 2018 witnessed some of […]
The post Blockchain Future Technology Hype In 2018, Investment Visibility For 2019 Projects appeared first on OWLT Market.
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Kraken Expands its Margin Trading to Include XRP and Bitcoin Cash (BCH) This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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A Global Digital Currency Is Just a Dream, Will Never Happen: Payoneer CEO This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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Iran Labels Telegram’s Coin a Threat to National Security This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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NFC Wallet Card - Secure NFC Cold Storage Protection
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NFC Wallet Card is universal, reusable, physical and optionally encrypted cash, a protected medium of storage for ANY kind of cryptocurrencies. Project under crowdfunding status, please let us know your thoughts! 1000 card are ready for shipment, our r/Indiegogo campaign is the limited first time access and started to collect funds for further development. [link] [comments] |
source https://www.reddit.com/r/btc/comments/ab6fsc/nfc_wallet_card_secure_nfc_cold_storage_protection/
Blockchain Project’s Big Ideas Include Bike That Can Mine Crypto as You Cycle This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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LibrePatron Uses BTCPay To Bypass ‘Censorship-Heavy’ Patreon With Bitcoin This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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Crypto Markets Teeter on New Year’s Eve, With Mostly Losses Across the Board This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]
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India in No Hurry to Regulate Cryptos, Blames Global Regulatory Uncertainty This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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[Book Recommendation] Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction (Hardcover – July 19, 2016)
Save 31% on Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction (Hardcover – July 19, 2016)
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source https://www.reddit.com/r/btc/comments/ab6uhs/book_recommendation_bitcoin_and_cryptocurrency/
MERCHANT MONDAY - Because Bitcoin was meant to be spent!
Merchant adoption of Bitcoin Cash is where it's at. Here are the latest numbers:
- We've got 945 online merchants listed on AcceptBitcoin.Cash
- There are 670 brick-and-mortar merchants listed on Marco Coino, which is 2 more than last week
- And you can find 939 merchants of all types on Green Pages, which is 2 more than last week
If you know a business that might be interested in accepting Bitcoin Cash, try sending them to https://bitcoincashers.org/intro/for-merchants/.
And if you convince a business to accept BCH, let us all know below!
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab6wu7/merchant_monday_because_bitcoin_was_meant_to_be/
The Daily: Arguing Over Augur, Regulated Stablecoins Attract Flak This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Debunking “The LN is actually more peer to peer than on chain transactions”
This is a new narrative the last few months. Amazingly it has started to gain quite a lot of approval.
I am looking to have this thread as a reference point where people can point out the obvious and blatant lies in this narrative. It is important to have quick references for people new to the scene who have had the wool over their eyes
So please feel free to give your opinion or upvote opinions which you agree with.
I do believe the article by Jonald Fyookball is a great reference also
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab5uk4/debunking_the_ln_is_actually_more_peer_to_peer/
XRP Price Holding Support at $0.36 – Less Than 24 Hours Left in 2018 This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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Bitcoin ATMs Worldwide Double in 2018 This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]
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Two Mining Companies Among Georgia’s Major Electricity Consumers This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Top 7 Cryptocurrency Killer Apps This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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Why Bitcoin Core May Survive Indefinitely (or at least decades)
I realize this may not be a popular opinion here, but I believe BTC may survive much longer than we expect. First of all, before dismissing my opinion, please check my past, you will see that I am a strong supporter of BCH (peer-to-peer currency). I also think LN will never be practical for the average person that uses cryptocurrency.
So why do I think BTC will survive? Simple answer: The Pareto Principle. Over 80% of the value in transactions are supported by less than 20% of the available 1 MB block space. As a general rule, this can also be extended to that 64% (80% * 80%) of the value in transactions is supported by 4% (20% * 20%) of the transactions.
Right now the median transaction value on the BTC network has dropped down to about $75 at an average tx fee of less than a nickel. While the median transaction value may be $75, the average transaction value is still around $10,000 and has been as high as $30,000 recently. At the end of last year, on many days, the average transaction value was over $100k.
I paid around a $100 to make a transaction on the BTC network last December. While I feel it was expensive, for the average user around that time making a $100k transfer, it would be only 0.1%. BTW, my bank has a minimum fee of $50 for a wire transfer.
Now, I had to live with the disgust of seeing fees constantly rise in 2016 and especially 2017, but so did a lot of other users. They (like me) moved on to an alternative cryptocurrency. The rich don't really care though, they are just looking for a store of value. Paying a $100 (or even a $1000) to move a $100k or even $1M or more, is no big deal for them. Most of them will even leave their coins on an exchange. And to be honest, I consider a lot of these exchanges to be very safe now for most people (Coinbase for example).
I was around in 2013 reading the forums at Bitcointalk and it was very obvious that Mt. Gox was going to fail. Yet, a surprising amount of people left their coins or a cash balance there. And from what I read on the forums, I felt a lot of these people didn't even know how to make a private wallet and move their coins to it. They were trying to sell and do a cash withdrawal (which was failing long before they went belly up).
I honestly believe the Core shills are right about one thing. Bitcoin will be a store of value. It won't be peer-to-peer currency and the LN will never have any significant value, but it won't make any difference. Just like moving gold from one vault to another, they won't care if the cost is $100 or even $1000 to make a transaction. Only the rich will use it. They are use to spending thousands of dollars to set up offshore accounts or store gold bullion. A $k here or there won't phase them a bit. 157,680,000 (365*24*6*3000/block) transactions a year will probably be enough for the richest 1% of the world population, who will probably never make a single transaction (BTC left on their exchange) in any given year.
I can see a future where BTC is used for savings, buying/selling houses, moving large sums of money. Transactions below a $1000 or even $10k will disappear. Fees of a $100 or more won't make any difference. And since they will be keeping their BTC on an exchange anyway, exchanging some of it for an easy to use peer-to-peer currency like BCH will be easy.
And imagine if the government (or even just banks) start to strongly back BTC. They could easily set up a hybrid system like the XAPO card. Your BTC could be used as collateral for a credit card or some other loan. The Federal Reserve could easily give BTC a huge advantage by buying up a large quantity every year with their unlimited money printing capabilities. It would be a win-win situation for them. Unlike a lot of the junk securing bank debt, they would have an asset that actually increases in value when they buy more of it. The perfect collateral.
Now I do believe that BCH (or possibly some other peer-to-peer currency) will survive. And I think it is important for the majority of the world that it does. But I don't think it will ever be the best store of value. The rich (upper 1%) will store their wealth in BTC, while the poor use BCH as a peer-to-peer currency. Which brings me to one last important point.
There is a formula pertaining to the velocity of money. Basically, it says that GDP=Velocity*Value. Translating for a cryptocurrency, value would be the market value of a coin, velocity would be proportional to how fast it is spent, and GDP would be the value of that particular crypto-economy. BTW, we can also express that formula as Value=GDP/Velocity, which shows that increasing the velocity of money in a given economy can actually decrease it's value (this is one of the forces that can turn inflation to hyperinflation as people start to spend their money as soon as they get it).
Now I don't have the data to plug any numbers into this poorly redefined velocity of money equation, but I can make a guess about the future. I am guessing that the BCH network will be used by people that live day by day and rapidly move money to survive. And if the money is moved a dozen times as fast on the BCH network as on the BTC network (even if GDP of each sub-economy remains the same), then using the velocity formula, the BCH network will only be worth 1/12 of the BTC network. Add to this that the rich will keep their value on the BTC network mainly using it to buy/sell property possibly in a Pareto distribution of wealth (say 80% on the BTC network), and you could have a situation where the BCH network is worth slightly less than 2% (1/5 * 1/12) of the BTC network. Note that I could have a bad assumption here. Maybe Value will become the static variable with GDP being proportional to velocity. Then the BCH network might be closer to 20% of the value of the BTC network. Either way, BTC would strongly predominate.
I lucked out in the fork. Most of my bitcoins were and are in cold storage in a safe deposit box with a time-locked address with a long time to go. I can't mess up (nor can I do anything useful or important if necessary). If not, I probably would have converted half of them to BCH at the worst possible time. Personally, I think everyone should keep at least half their crypto-wealth in BTC regardless of what they think of the Core team or the Loony Network.
Which brings me to my conclusion. We need to concentrate on making BCH the best peer-to-peer crypto-currency possible. Price and value aren't important. Only that poor people around the world will have a useful currency. This is our true value, not the capitalization fiat number assigned by coinmarketcap. It also brings up one final issue: Security.
We will never have a majority of the hash power like BTC, which will make us appear vulnerable. Which means some minor compromises like rolling checkpoints and even renting hash when attacked. It also means that we must be willing to fork if necessary to remove toxic people like Craig Wright and Calvin Ayre.
The important thing is to survive while we grow to become a world peer-to-peer currency.
If you are still here, thanks for reading my rambling post.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab5kof/why_bitcoin_core_may_survive_indefinitely_or_at/
Huobi Group To Launch a One of a Kind Exchange Dedicated to EOS This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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Chatter Report: Troutner Proposes Algorithmic Stablecoin on BCH, Sztorc Believes Austrian Economics Unnecessary This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Holy crap am I getting some anger from this post lol. I think I make a good point though. That's a centralized cluster, not a decentralized p2p network.
I am super excited to use bitdb and bitquery and bitsocket, but it's my first time and it's a bit overwhelming me, a video tutorial would be so helpful
When using bitdb, do I need to host it?, and if not how do I do it and what do I download for bitquery etc. I already have node.js npm etc. Installed and I have some html CSS and Javascript files running what else do I need, trying to run some bitdb bitquery examples and no luck
so confused
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source https://www.reddit.com/r/btc/comments/ab4syj/i_am_super_excited_to_use_bitdb_and_bitquery_and/
Bitcoin News Summary – December 31, 2018 The post Bitcoin News Summary – December 31, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. Before we begin, an important update for Electrum users. If when broadcasting a transaction, you receive an error message about a security update, disregard it, this is a phishing attack. For more info visit Electrum.org. “Assist,” a South Korean business school based in [...]
The post Bitcoin News Summary – December 31, 2018 appeared first on 99 Bitcoins.
Here’s what happened this week in Bitcoin in 99 seconds. Before we begin, an important update for Electrum users. If when broadcasting a transaction, you receive an error message about a security update, disregard it, this is a phishing attack. For more info visit Electrum.org. “Assist,” a South Korean business school based in [...]
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What Is XRP’s Real Marketcap? This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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Litecoin (LTC) Price Analysis: Primed For More Gains This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain [...]
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South Korea Ends Year With 6 Bills to Regulate Cryptocurrency Industry This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Jordan Peterson is a clinical psychologist with millions of YouTube views, sold millions of books, and he's bringing the the fight for free speech against Patreon and other payment systems that censor speech. But is he likes Bitcoin, which is heavily censored. Let him know about alternatives!
![Bryce Weiner: " Bitcoin [Core] is a garbage network.... "](https://b.thumbs.redditmedia.com/TtMfEqGmmKNEBRJ2AOCSXZxU_NNPtK5x7-JUbBW8kpg.jpg "Bryce Weiner: \" Bitcoin [Core] is a garbage network.... \"")
Is bitcoin legacy tech ?
With better solutions existing that offer privacy etc is bitcoin legacy tech now and nothing more then a technocrats play ground ?
Bitcoin introduced us to blockchain but shouldn't we move on to coins that offer us more then just the conception of digital money ?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab29qb/is_bitcoin_legacy_tech/
Australian Crypto Company Rapped for Paying Bounty Hunters for Glowing Reviews This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Former Silk Road Founder Writes to Roger Ver, Asks for Help in Legal Battle This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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If Alice makes a purchase on Amazon/eBay using Bitcoin she saves maybe 3%. If Alice makes a purchase on decentralized Amazon/eBay she saves up to 40% (30% extortion + 10% platform fees). Bitcoin wins by creating platforms which cut out extortion/middlemen, NOT through legacy business adoption.
Reminder: Bitmain has no competition. Shills trying to spread FUD, but even if gold (crypto) prices went down, Bitmain is still the only PickAxe seller in the world.
Oh wait, adam back tried to shill halong mining, but it got wrecked.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab1ycf/reminder_bitmain_has_no_competition_shills_trying/
If we all gave $10 worth of Bitcoin Cash to three friends, then adoption could happen in as little as a few years. Also, the price might mature nicely.
I've already done my personal duty to one friend of mine. She didn't understand it at first, but giving her her very own Bitcoin Cash helped her become more interested. I really liked the experience. It made me feel good inside. Not only do I want to onboard two more people short-term, but I don't think I'd mind finding more friends just for the sheer experience of it.
It's spreading Bitcoin all over again. There is a great work ahead of us all.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ab1p4z/if_we_all_gave_10_worth_of_bitcoin_cash_to_three/
Indian Crypto Exchanges End Year With Improved Services, Optimism About Regulation This article was originally posted on Bitcoin News - delivering news related to the Bitcoin network from multiple locations around the world. For more follow [...]
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Crypto Market Update: Still Bleeding, When Will It End? This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]
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