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submitted by /u/unesgt [link] [comments] |
source https://www.reddit.com/r/btc/comments/bq6bke/_/
Saturday, 18 May 2019
Beginner with cryptocurrency:
Hello all,
I am looking for some genuine insight on the safest form of cryptocurrency. Given all the hype recently, I have decided to invest my savings in cryptocurrency and bitcoin. A friend of mine has advised me to visit this site as it is having a list of all the cryptocurrency and bitcoin sites. And I really loved it. I would like to get suggestions from you. I need to know about all the types, and the risks and returns that are involved with bitcoins as I don’t want to drown my hard earned money and I don’t have much experience with first-hand trading.
Any help will be appreciated. Thanks in advance.
[link] [comments]
source https://www.reddit.com/r/btc/comments/bq6zm9/beginner_with_cryptocurrency/
BUCash 1.6.0.0: No Block source available
I was a little behind the curve and forgot to install the most updated software until the 15th, after the hard fork. I installed BUCash to the same location as my previous BUCash software, so the blocks are up to date as of the fork. But I am receiving the "No block source available."
I use a VPN (AirVPN) and I have the the port specified in the config file, the same port that was being used with the previous software version. I have 16 outgoing peers, 0 incoming.
My BU Core software is working just fine. Any thoughts?
[link] [comments]
source https://www.reddit.com/r/btc/comments/bq6mbx/bucash_1600_no_block_source_available/
How to buy bitcoin cash with fiat (useable within one day) without paying a 4% fee?? Small purchases not wire transfers. ($100-200)
Want to buy bitcoin cash quickly without paying a 4% fee to do so. It needs to be useable meaning its not stuck on an exchange and I can move it around freely. Looking for options and I haven't found any. Open to any suggestions because Google is not giving me any answers.
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source https://www.reddit.com/r/btc/comments/bq6k3l/how_to_buy_bitcoin_cash_with_fiat_useable_within/
Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves 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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Indian Bank Gets Flack Over Bitcoin Hypocrisy 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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5 Potential Correction Waves to Affect the Current Bitcoin Price Trend 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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Ripple Misreported the Amount of XRP it Sold by $84 Million Says Report 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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TRON (TRX) Launching Privacy Features on Testnet 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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Bitfinex Announces LEO Token Distribution After $1 Billion Private Investment This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Crypto-exchange Bitfinex continues to [...]
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How to Prove Ownership With a Bitcoin Cash Address and Digital Signature This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin is an amazing [...]
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I love the idea of a bitcoin coup to depose the imperialistic tyranny of dollars. But, what is the answer to this problem...
First of all I'm on board the bitcoin train philosophically. I don't own bitcoin because I want to keep an open mined for the moment. I don't have gold either, nor a lot of dollars.
I think we know the advantages of bitcoin: 1) no more closed room meetings between bankers to determine our economic realities 2) no more manipulation of exchange rates to exploit 3rd world labor 3) no more banks lying about how much gold they have in their safes to deceptively create values through interest from nothing.
Here is a problem that I anticipate, I'm curious to hear what is the solution to this problems:
The value of bitcoin is still tied to the dollar. Bitcoin's value rose recently, but with respect to what? With respect to dollars. Or, from the frame of reference of bitcoin, the value of dollars decreased. The problem is that the purchasing power of bitcoin got changed accordingly with respect to dollars.
I'll give an example:
Imagine that $1 = 1 bitcoin and $1 can purchase 1 unit of X. Accordingly, 1 bitcoin can purchase 1 unit of X.
If suddenly it happens that $2 = 1 bitcoin (or $1 = 0.5 bitcoin), now 1 bitcoin can buy 2 units of X (am I wrong in this?). If this is the case, the bitcoin value is still tied to dollars and not fully independent of it. Furthermore, I'm not seeing a way for it to achieve independence (maybe it's due to my lack of imagination). The reason is as follows:
Imagine that even when $2 = 1 bitcoin, the price of 1 unit of X is still 1 bitcoin. In this case, bitcoin value is independent from dollars. But, here is the problem: if $1 can purchase 1 unit of X and 1 bitcoin can purchase 1 unit of X, then what is the basis for $2 = 1 bitcoin? Furthermore, if $2 = 1 bitcoin and the purchasing power remains the same, then people will simply transfer their bitcoin to dollar and purchase 2 units of X instead of purchasing 1 unit with bitcoin.
Here is the problem that is caused by bitcoin remaining on the dollar standard: The bankers and thieves who acquired a lot of dollars through usury and market manipulations still have all of their value. They can simply transfer all of their wealth from dollar to bitcoin and they will still have all of their purchasing power. In other words, not much has changed. Okay, the banks no longer have power to control currency flow, but bankers are still powerful because they will have the most bitcoins and with that power they can still manipulate and subvert and consolidate power again under the bitcoin system.
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source https://www.reddit.com/r/btc/comments/bq5ld7/i_love_the_idea_of_a_bitcoin_coup_to_depose_the/
Just watched the new movie "The Hustle"... (very light spoilers)
There's a scene where a girl wants to give a guy $500k, but he refuses it. So they spend a while sending it back and forth (via bitcoin, which is what the girl keeps her savings in), tapping away at their phones and the money moved back and forth instantly (possibly using LN?). It was pretty cool to see bitcoin popping up in another movie... also makes you realise how transferring $500k to and fro in seconds wouldn't be possible via any other traditional payment method. #GoBitcoin
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Syrian citizens sanctioned from everything
So I live in syria, and I wanted to start purchasing stuff online, but because of the sanctions we don't have any kind of credit card here, so I figured out I could go to bitcoin investment, most free bitcoin earning websites also ban syrian citizens (what a surprise -_-) , and the main website which is coinbase also doesn't allow me to make an account because I'm from Syria 😂😂 So how am I supposed to get anything done here? Any suggestions? Thank you
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Bitcoins burned?
Is there an estimate on how many bitcoins are lost on old harddisks and will not be able to recover anymore? And is this estimated amount subtracted from the circulating supply which is used to calculate the market cap? When there is a bitcoin fork, these lost bitcoins will also never be claimed on the forked chain. And in that sense bitcoin is scarcer good then most people think. Everyone mentions that in total 21 million bitcoins will be created but many of those 21 million bitcoins are already lost.
At the same time I suspect that crypto holders are dying on a monthly basis without sufficiently backing up their wallet keys and handing them over to their family members. These unrecoverable bitcoins are in essence "burned" and in that means that bitcoin is becoming scarcer every day (albeit at a slower rate than with the lost harddisks).
I'm very interested in estimations on this, as I believe bitcoin to be a scarcer good than we think.
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I'm in Berlin and I'd like to buy drinks or meals with BTC, where should I go?
I'm in Berlin for the weekend with some friends of mine and I'd like to use my bitcoin to buy some drinks or meals for my friends.
This would be a fun way to get a good topic of conversation. Let me know!
Thanks
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"The reason $BCH traffic isn’t equal to $BTC is because when #Bitcoin lost 50% of its market dominance, all that money and traffic jumped ship to 2,000 other coins. It’s confusing how small blockers are oblivious to the damage they’ve done their own coin."
Has anyone bought groceries with bitcoin from wholefoods (Flexa / SPEDN)?
There seem to be a million articles that talk about "Wholefoods accepting BCH", but has any of the 251,000 subscribers to this subreddit actually gotten it to work?
From the engadget article:
And the feature doesn't require new point-of-sale hardware -- companies just have to configure their scanners to allow Spedn to work, according to Fortune.
It's hard to say if this will take off.
OK, so it sounds like wholefoods "can" take bitcoin if they go into their datacenter and reprovision all thier POS systems to "pay by barcode". That doesn't mean they've done it, just that their register firmware has the "feature on/off" switch.
From another thread, there was also talk of an invite code needed to enable the IOS app. So if any of this stuff is true, and not vaporware, sounds like the procedure is:
- Move to the US.
- Trade in your Android phone for an iPhone.
- Download the SPEDN app.
- Go to the Flexa site and try to get an enable invite.
- Enable SPEDN.
- KYC into SPEDN or Flexa (not clear which)
- Wait X many days / weeks for KYC to process.
- Deposit BCH into SPEDN app after KYC completes
- Wait X many days / weeks for BCH to be "available to spend/spedn"
- Go to WholeFoods and ask if they have enabled "pay with barcode" in their register firmware.
- Wait X many days / weeks for WholeFoods to enable "pay with barcode" in their register firmware.
- Go get groceries but make sure it will total to less than $100
- Pay with BCH (horray!!!)
So... has anyone gotten this to work.... Can anyone type out what they actually had to do to get this to work. Hopefully, some of the steps listed above aren't actually necessary.
[link] [comments]
source https://www.reddit.com/r/btc/comments/bq2w1c/has_anyone_bought_groceries_with_bitcoin_from/
Reminder from the Bitcoin Whitepaper: "The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes."
The recent double attack on Bitcoin Cash right after the fork (poisonous transactions causing empty blocks to be mined by exploiting a bug in the code, and the intended theft of all coins locked in segwit addresses by an unknown miner) has been prevented by an alleged collaboration of two BCH mining pools who orphaned the theft block of the unknown miner.
The alleged attacker has sent out a private message to various community members spreading fear by accusing BCH to be centralized and being victim of a 51% reorg attack by BTC.top and BTC.com.
As DarthBacktrack has pointed out in my other threat in his comment and what I needed to remember this again to find a meaningful answer to this allegation is that what actually happened is that BTC.top and BTC.com refused to mine on top of a block from an dishonest miner but instead mined on top of the last honest block.
Remember that it was the quick reaction of those honest mining pools to orphan the theft block, the honest collective of miners that prevented the theft of all locked segwit coins by an unknown miner.
I also want to remind you that Prohashing who was probably not involved in this collaborating effort by the two other pools, mistakingly mined on top of the theft block which caused their block to be orphaned as well and the loss of the mining reward. We should discuss the consequences of these events and how we can try to avoid this kind of collateral damage in the future.
Edited for clarity
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source https://www.reddit.com/r/btc/comments/bq36zm/reminder_from_the_bitcoin_whitepaper_the_system/
BCH halvening, ok, BTC halvening...?
BCH will reach the next halvening next summer. The DAA will quickly adjust to keep the chain economically viable to mine while PoW will be cut in half "over night" when miners will move to other Sha256 coins to reach equilibrium.
Soon after this BTC halvening will occur. The BTC chain does not adjust quickly, but miners will. How will this play out? Will miners really mine at loss until the next difficulty adjustment, or will a substantial amount of miners start mining BCH?
Is my thinking flawed, or is this going to be a key moment in Bitcoins history?
[link] [comments]
source https://www.reddit.com/r/btc/comments/bq1kmm/bch_halvening_ok_btc_halvening/
Vaulty Aggregates All Your Cryptocurrency Addresses Using a Single Link This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. The ability to receive [...]
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Highlights at Consensus 2019: Tron’s Justin Sun Struggles while Andrew Yang Shines This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. While many come to [...]
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A new crypto wallet for desktop users
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Hi guys, I've written a crypto wallet app for desktop users -- d.Wallet. It supports BTC, ETH, BCH, LTC and USDT. To be honest, most currencies are not be tested on mainnet except ETH. If you find a bug, please tell me. This app is available on Windows, Mac and Linux. You can download it at here. If you are interested in it, feel free to have a try ;) About security: I'm making my best effort to protect your data, but it's not 100% safe. So, please don't use a simple password and take care of your PC/Mac. You can submit issues at here: https://github.com/bitcoindwallet/d.Wallet-Feedback/issues [link] [comments] |
source https://www.reddit.com/r/btc/comments/bq1h73/a_new_crypto_wallet_for_desktop_users/
Why not merged mine with BTC?
Does it not scare you guys that BCH can be messed with by a psycho rich miner with on a whim (which happened in Fall)?
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source https://www.reddit.com/r/btc/comments/bq1vl8/why_not_merged_mine_with_btc/
Can bchpizza.org get some love again? Last donation we received was in December 2018. Our highest bounty is 200 dollars, the one for Las Vegas. As BCH goes to 500 USD again, our bounties are becoming attractive again.
Badge Mobile BETA is live in the Google Play store!
Badger Mobile BETA is live in the Play store! 💥 🦡
Please keep in mind it's a beta and we're still QAing so refrain from loading any large BCH/SLP balances for the time being until we go full to production.
Thanks to @SpicyyyPete for the great work!
Please send any bug reports to myself or SpicyPete or create issues in the Github repo
We're starting the iOS App Store submission/approval process today!
💥🚀🎩🦡
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source https://www.reddit.com/r/btc/comments/bpyv64/badge_mobile_beta_is_live_in_the_google_play_store/
A new project was recently launched by some of OG devs here. It's called VenezuelaWorkers.com and it's focus is on the country in the world that most needs Bitcoin Cash. Go check it out. And if you have any internet work, go outsource is using VenezuelaWorkers.com
Blitz Ticker, the origin for 80k daily transactions on the Bitcoin Cash network, stopped broadcasting transactions 5 hours ago after more than 1 million transactions
Got this in my inbox a couple of minutes back
A new user sent me this to my inbox, its a description of the events after the fork, with a signed message at the bottom. I've gone through it once but its very late here in my timezone, have to go through it again tomorrow. I'm sure I'm not the the only receipient, but just in case pinging some people here.
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source https://www.reddit.com/r/btc/comments/bpwlgx/got_this_in_my_inbox_a_couple_of_minutes_back/
Why flexa and the spedn app are just giant lies.
We know gift cards really well. We know crypto really well. We’ve been in both industries for many years. When we heard that retailers were onboard to accept crypto via spedn, our BULLSHIT meter just went off the wall.
Here’s how it ACTUALLY works.
- You deposit crypto into the spedn app.
- Spedn purchases a gift card on your behalf (using visa or MasterCard and makes a sweet 2% profit).
- They display the gift card barcode which the merchant scans as a gift card.
- The merchant just sees a regular gift card transaction, they have zero idea what’s going on.
They’re liars.
- “The merchant receives the payment in dollars”... .
- “Flexa integrates with existing merchant payment processing”.... purchasing gift cards isn’t integrating anything.
If you release a crypto product, be transparent about how it works. Don’t make it seem retailers are onboard when you’re just buying gift cards from them and giving them to people paying in crypto.
If you want to actually support adoption use a service like purse.io or alagoria.com. Save a little money also.
“Don’t pee on my leg and tell me it’s raining.”
Edit: After many PMs, use Purse.io or our site Alagoria.com
Get 10%+ for your purchases online and support the GC and crypto market.
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source https://www.reddit.com/r/btc/comments/bpu3i8/why_flexa_and_the_spedn_app_are_just_giant_lies/
Hands up if you hodled during the correction and didn't sell your coins for that filthy USD.
I am not convinced this is going to go lower so I'm hodling my coins.
Hands up if you're also in it for the long haul like me!
Bitcoin to moon!
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Bitcoin rises from 3600 to 7100 in three months, but according to CNBC, its tanking
The author says " The cryptocurrency industry, in general, has struggled to return to its levels from when a frenzy of interest from retail investors drove prices to all-time highs in late 2017 — before dramatically falling in 2018." How am I supposed to take their reporting and analysis seriously when they publish stuff like this?
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