Check out @francispouliot’s Tweet: https://twitter.com/francispouliot/status/1114507446985338880?s=09
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Saturday, 6 April 2019
Hardware wallets in Bitcoin could have implemented business logic and authentication that allows integration with CoinJoin and lightning which require continuous signing, increasing their value for bitcoiners. Instead they expand their market to shitcoiners.
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HODL Appreciation Post
Any of you guys still HODLing from the previous bubble? It’s not a pastime or hoping to ride the wave, it’s a way of life
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Peter Brandt: Bitcoin Price Could Be Entering A New Parabolic Advance This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Veteran trader, Peter Brandt, [...]
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Ripple xRapid Partner Exchange Bitso Integrates with “Fake Volume” Busters Kaiko 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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Blockchain Mortgage Tech Startup Acre Software Raises $6.5 Mln From UK Financial Advisor 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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CME Group Bitcoin Futures Reported Record Trading Volume on April 4 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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IOTA Pay per Use on Hannover Fair This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Summary of the Hannover [...]
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Most shitcoins and many Bitcoin clones have more 24 hour volume than LN does. Its many many many times more efficient to scale Bitcoin Core by continually forking it or make shitcoins than to keep trying to push LN.
https://coinmarketcap.com/all/views/all/
Sort by Name. Scroll down to where all the BItcoin clones are. Or sort by volume and essentially anything over 50,000 USD does more 24 hour volume than LN. Most of LN's 1,000 BTC capacity is tied up and sits idle/not used. A requirement of the LN system is to stake/reserve capacity and plan for future incoming/outgoing transactions, otherwise when you want to receive/send you can't, thus you always need to have a majority of your capacity sitting idle.
The entire network capacity is only about 1,000 BTC. I have seen it said in a few places that the 24 hour volume on LN is usually less than 50,000 USD daily(would appreciate a link if someone has one for these stats). Going by another post someone recently made 70% of capacity is tied up by one company, and most of the "total capacity" sits idle and is NOT used. https://old.reddit.com/r/btc/comments/ba43kt/lnbigcom_owns_25_ln_nodes_with_over_700btc/
https://bitcoinvisuals.com/lightning
Forking Bitcoin and getting small amounts of support for it creates more daily volume than LN does. Creating random shitcoins and hyping them up and getting maybe a few hundred people to use them offloads potential capacity from Bitcoin Core to the new shitcoin. LN is a complete waste of time. Want to get more capacity on Bitcoin Core chain without raising the block size? Make more Bitcoin clones and shitcoins. It is faster, cheaper, more efficient to continually fork Bitcoin Core than to continue to work on LN.
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source https://www.reddit.com/r/btc/comments/ba5f5e/most_shitcoins_and_many_bitcoin_clones_have_more/
Switch to Bech32 (native segwit) Wallets - This is the time to do it!
See wallets you can use here: https://en.bitcoin.it/wiki/Bech32_adoption
The page above does need edits. For example BRD already has full support for BRD wallet. But generally a good guide.
If you haven't already, do upgrade your wallet to one of those that support native segwit (Bech32) addresses. You can recognize them because they start with bc1... Bech32 offers up to ~40% cheaper fees, and allows us to put more transactions into a block. Fees are low now. Move your funds to a better wallet now.
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Why my Bitcoin Core is using 60-70% of CPU when a few days ago was like 30%?
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Is something happening? My Bitcoin Core fullnode increased form 30% to 60-70% of CPU usage also on network and disk i/o. Why is that? [link] [comments] |
Close to Half a Billion Dollars Worth of ETH Now Locked in Dapps This article was originally posted on Trustnodes - a trusted site covering numerous topics related to cryptocurrency and a great selection of news and editorial [...]
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Cryptocurrency Adoption Grows Beyond ‘Bitcoin City’ in Slovenia and Croatia This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. The number of stores [...]
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I want to buy BCH with cash or credit card in UK at as near the market rate as possible. All options I have looked at add a minimum of 5 % above base. Any ideas?
Gates never said 64K ought to be enough but Theymos & co said: 400K ought to be enough. Or the potential to service 400 000 people.That's 0.00519480% of the world population.Yet/r/bitcoin is talking about global currency and ending all central banking. No wonder /r/buttcoin is getting so popular.
Grand national sweepstake over on memo
Grand national day here in the UK.
Doing a free entry sweepstake over on memo
https://memo.cash/profile/15kFCLPri3TGa2kwxykRNrzn3tHmsYCuk9
Just a bit of fun before someone moans at the tiny prizes lol. Get over to memo and pick your horse.
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source https://www.reddit.com/r/btc/comments/ba3abn/grand_national_sweepstake_over_on_memo/
Bitcoin Hovers Over $5,000 as Top Cryptos See Losses 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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5 Crypto Phishing Scams to Be Aware Of This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Crypto phishing scams are [...]
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Fundstrat Global Advisors Co-Founder Thomas Lee: Bitcoin Is Back in a Bullish Trend 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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Cryptoradar Finds Best Prices Across Exchanges and Brokers This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. When you want to [...]
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Electroneum Price Continues to Dip as Community Grows Hostile 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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$100,000 By 2021? Bitcoin (BTC) Investors Maintain Cheery Tone 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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Binance Coin Price Tries to Regain the $20 Level Once Again 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 (BTC) Bottoming At $3,100 Might “Make Sense” 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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Just saw it by coincidence: Worldwide fullnode count up from 60,000 to 95,000 in just 2 months! That's more than 50%!
I stumbled upon a post of mine from 28th of January. https://www.reddit.com/r/Bitcoin/comments/ajn4dh/decentralized_bitcoin_network_9000_nodes_proud_to/eewz7x4
Just visited Luke Jr. site again. https://luke.dashjr.org/programs/bitcoin/files/charts/software.html
Fullnode count up 50% since January, 28th 2019. Tremendously awesome!!
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Change my mind: Technical Analysis is a complete nonsense.
I come to you with open mind, but my years of trading stocks have showed me that TA is nonsense. Is it different in Crypto?
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Just purchased cannabis in Colorado with Bitcoin!
First ‘real life use’ since getting into crypto ~2ish years ago. Feels good!
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Stop using Binance until they support SegWit!
Let's call Bullshit on Binance for not supporting SegWit in the only way that they will notice.
Boycott Binance until SegWit.
The anti-SegWit decision by the world’s biggest exchange contributes unnecessarily to enormous mempool spikes and fees such as what happened a few days ago.
Here are reasons that Binance are anti-SegWit:
- a preference for crypto to remain on exchange rather than be withdrawn. Small transaction adjustments have large effects on behaviour.
- to create value for their Binance BNB token relative to other tokens like Bitcoin.
- more reasons to support the Token Launch Platform / Binance Launchpad to solve problems by first generation currencies like Bitcoin.
- people much smarter than me will add to this list no doubt.
Let’s relentlessly start posting and liking and generally getting pissed at Binance about lack of SegWit support!
Let’s call Bullshit on Binance!
If we wait until the bull market is in full swing it will be too late.
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Bitcoin for Shopify
Do you guys have any plug-ins you would suggest for taking bitcoin at a Shopify store?
Edit: YOU GUYS ARE AWESOME!!
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Is there a list of larger merchants who accept Bitcoin payments **without** using a payment processor?
Every news article I see:
"XXXXX has started accepting Bitcoin (using Bitpay as a payment processor)"
Can anyone share some bullish news on large retailers that are truly operate on the peer-to-peer Bitcoin blockchain?
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With the price soaring, I am about ready for the Lambo
https://bringatrailer.com/listing/1957-lamborghini-dl-30-tractor/
But I really just hope for a steady and consistent price movement. Makes it much more viable as currency instead of an investment.
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Looking for hotels/motels/hostels cheap in Amsterdam who accepts BTC
Maybe someone have something to share? Thanks. Already found flights :D
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Running BitCoin Core v 0.17.1 - should I open ports on the router/firewall?
I'm running Bitcoin Core 24/7 to support BTC and the community. I read a post that most routers block some port that is needed for the network.
I keep my Asus RT-AC66U's firmware updated but that is the maximum I know about routers and ports.
Should I do something with my router settings?
Advice would be most appreciated. :)
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BTC Maximalist turned BCH supporter
Hi there lovely people of /r/btc!
As of recently I used to describe myself as being a "Bitcoin Maximalist", specifically referring to BTC. But as of today, I won't be doing that anymore. What I used to love about BTC is no longer a reality. It's no longer the peer-to-peer electronic cash system being described in the white paper.
What took you so long to realize this you might ask? Well, being around Bitcoin and using it since 2010/2011 made me hate the idea of forks. If it wasn't BTC, I didn't consider it to be Bitcoin despite being better in many ways. The BTC community bashing Bitcoin Cash whenever they can didn't make it easier either. It even got so bad that I've been wearing Blockstream merch for the last couple of months. (Yes, even as of writing this)
I suppose it's better to realize it late rather than being a stubborn BTC maximalist hoping for the mess that's Lightning to improve. The usability of BCH on-chain is so much better than BTC on-chain. Something that I also like about Bitcoin Cash is the community. You don't start censoring people and call them scammers as soon as they have another view on things.
Let's spend 2019 improving Bitcoin Cash and its adoption. I wish the BTC community the best of luck improving Lightning as on-chain is barely viable anymore.
Thank you to all the developers and supporters that makes Bitcoin Cash so great!
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source https://www.reddit.com/r/btc/comments/b9tm2q/btc_maximalist_turned_bch_supporter/
The goal is to have fast, cheap, non-censorable, peer-to-peer electronic money for the world. Decentralization just happens to be necessary for those to exist. Core claims they want decentralization but they disregard the goals in the process.
BitcoinCore claims that the LN helps keep Bitcoin decentralized. This is a lie. The LN throws out all of the reasons for having decentralization in the first place.
The LN is not fast: To make an LN transaction you first need to on-board, lock up funds, make your transaction and then off-board. This entire process could take from hours to days. Further, an unacceptable percentage of LN transactions fail because they can't find the destination or funds aren’t available. This is hard or impossible to fix because the funding/transfer issues that Peter Rizun has talked extensively about.
The LN is not cheap: The LN is a double-toll road: you pay a full on-chain transaction to get on it and then you pay a full on-chain transaction to get your actual BTC out. It takes two transactions to use the tab/iou system. Once you’re in that system you pay fees to middlemen who do nothing but act as an intermediary. Further, your money could be lost if those intermediaries don’t play by the rules.
The LN is Censorable: The LN introduces middlemen who do nothing to secure the network. You have to pay them fees to move your funds while they can also potentially freeze your transactions. If you don't have enough funds to settle on-chain then you lose your money. The LN won't actually function properly without some sort of centralization run by companies and you can also be sure that they will be required to add KYC/AML if the LN becomes widely used. Privacy is about dignity for most people, not for doing bad things.
The LN is not peer-to-peer: The LN requires you to trust that several intermediaries will just play along. You have to be online 24/7 or be forced to trust/use another service called a lighthouse in order to receive transactions. if you don't have enough liquidity, that’s another service you have to trust - and you can bet that bankers are looking for every way to steal your money just for making a transaction.
Just ask yourself: is the LN better or different than the modern banking cartels? I think you'll find that the LN is a sad attempt to cripple Bitcoin's actual usage while hyping the price. This is exactly what big banks want, another asset class that doesn't disrupt their day to day scamming operations (modern banking).
This is why Bitcoin Cash is Bitcoin. It matches the original Bitcoin Whitepaper and continues to work as peer-to-peer electronic cash. Bitcoin Cash can also scale 100x or more what BTC can, and it does it on-chain. Bitcoin Cash has better developers and all of the original Bitcoin developers are now in support of Bitcoin Cash.
It's time for the flippening.
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source https://www.reddit.com/r/btc/comments/b9u3ic/the_goal_is_to_have_fast_cheap_noncensorable/
Honest.cash has paywalls now! (desperately waiting now for soundcloud embedding) So let's test it. I started a jazz band and here is our first recording. (It's good shit)
'The idea that you want groupthink is crazy, it's such a shortsighted approach to communication. The answer to bad ideas is not silencing those ideas, it's good ideas that are well formed and well argued so people can form their own opinions.' - @JoeRogan
Even if the spender of Bitcoin buys back that Bitcoin on the market, what they’ve actually done is use Bitcoin as a crappy credit card” -Jimmy Song
“Even if the spender of Bitcoin buys back that Bitcoin on the market, what they’ve actually done is use Bitcoin as a crappy credit card. There’s multiple transactions, more conversion fees and less consumer protections. In other words, it’s much less convenient and thus an inferior method of payment”
https://medium.com/@jimmysong/bitcoins-path-to-method-of-payment-6cb5b3297268
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source https://www.reddit.com/r/btc/comments/ba0qbt/even_if_the_spender_of_bitcoin_buys_back_that/
PSA for /r/bitcoin users. Stop posting those LN links that tell everybody your IP address. Retards.
Or at least shut the fuck up about "mah privacy" while at the same time posting your own IP address online. You are basically saying to the entire world:
"Hey everybody here is an IP address where you can find Bitcoins if you hack it, to make it even easier for you I have also locked some up in a channel. If you can't hack my computer you can still DDOS and blackmail cause if you keep a LN node offline for three days all their funds can be taken by their channel partners"
And to the government: "Look I am a money transmitter without a license to help the terrorists and pedophiles get around you blocking their bank accounts."
Like how fucking stupid are you guys and how fucking evil are your mods that they allows this hypocricy
They are also so lazy that they have people from /r/btc write them stickies instead of doing it themselves.
Seriously, one major LN exploit, the biggest hub that gets hacked and EVERY connected user could lose his funds. DDOSing a commericial internet connection so you can't go online to protect your channel anymore is not that hard.
It's a recipe for disaster once enough BTC is locked in to the biggest LN hubs and of course most people will connect to the best connected hubs because then LN is more functional for them. Don't say we did not warn you.
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source https://www.reddit.com/r/btc/comments/b9ylre/psa_for_rbitcoin_users_stop_posting_those_ln/
0.25 BCH Bounty: I’ll pay 0.25 BCH, to anyone who is able to implement an easy on-boarding and seamless integration between Cash Account (http://bit.ly/2SvscuA) and memo.cash. Must be open source, same license as Bitcoin.
If you host it and run a service around it, make that 0.5 BCH.
Go!
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source https://www.reddit.com/r/btc/comments/b9vvnb/025_bch_bounty_ill_pay_025_bch_to_anyone_who_is/
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