Saturday, 25 May 2019

Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser As Tether Hits Record $3B Market Cap This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin industry figures are [...]

Bitcoin Price ‘Coiling Up’ For $10K, Says Max Keiser As Tether Hits Record $3B Market Cap
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin industry figures are [...]

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Facebook Globalcoin: Bitcoin Killer or Bitcoin Multiplier? This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. It may sound like [...]

Facebook Globalcoin: Bitcoin Killer or Bitcoin Multiplier?
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. It may sound like [...]

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'Bitcoin Legal to Own in China,' Says People's Bank of China Lawyer

'Bitcoin Legal to Own in China,' Says People's Bank of China Lawyer submitted by /u/crypt0sparta
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Birthday's cake I got from my wife. I am definitivně not hodling :)

Birthday's cake I got from my wife. I am definitivně not hodling :) submitted by /u/JochananCZ
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This is the risk of giving your financial data to intermediaries - 885 million records exposed

This is the risk of giving your financial data to intermediaries - 885 million records exposed submitted by /u/FantasticEchidna4
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Thought this needed to be updated

Thought this needed to be updated submitted by /u/unzexpress
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source https://www.reddit.com/r/btc/comments/bsshel/thought_this_needed_to_be_updated/

BTC will not increase the blocksize limit. Even after many years when Core might decide to increase it, it will not be possible. They will never find their own self defined "consensus", they have dug their own ideological grave.

BTC will not increase the blocksize limit. Even after many years when Core might decide to increase it, it will not be possible. They will never find their own self defined "consensus", they have dug their own ideological grave. submitted by /u/VeritasSapere
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source https://www.reddit.com/r/btc/comments/bsswqg/btc_will_not_increase_the_blocksize_limit_even/

US Congressman: Bitcoin Threatens to 'Take Power' from the U.S. Federal Reserve

US Congressman: Bitcoin Threatens to 'Take Power' from the U.S. Federal Reserve submitted by /u/pecuniology
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source https://www.reddit.com/r/btc/comments/bsud6l/us_congressman_bitcoin_threatens_to_take_power/

How Liberalism Can Rise to Power This article was originally posted on Trustnodes - a trusted site covering numerous topics related to cryptocurrency and a great selection of news and editorial [...]

How Liberalism Can Rise to Power
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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Amazon Offers a $25 Gift Card in Exchange for Taking Your Full Body Scan This article was originally posted on The Merkel - with a dedicated cryptocurrency news section and also a variety of educational articles relating to Bitcoin, [...]

Amazon Offers a $25 Gift Card in Exchange for Taking Your Full Body Scan
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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‘Pay Me In Bitcoin’ – More NFL Players Join The Revolution This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]

‘Pay Me In Bitcoin’ – More NFL Players Join The Revolution
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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Research: ICO Sector Signals Uptick After Crypto Winter This article was originally posted on Cointelegraph - an independent publication covering cryptocurrency, the blockchain, decentralized applications, the internet of finance and the next gen [...]

Research: ICO Sector Signals Uptick After Crypto Winter
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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European Elections: Liberalism on a Surge? This article was originally posted on Trustnodes - a trusted site covering numerous topics related to cryptocurrency and a great selection of news and editorial [...]

European Elections: Liberalism on a Surge?
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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Determine Which Coins Can Bring You Profit With RSI Hunter This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Crypto markets, regardless of [...]

Determine Which Coins Can Bring You Profit With RSI Hunter
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Crypto markets, regardless of [...]

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Day Trading Cryptocurrency | What Is Day Trading This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. The crypto world is [...]

Day Trading Cryptocurrency | What Is Day Trading
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. The crypto world is [...]

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Taklimakan Network Launches New-Look Crypto Platform Through AI and Blockchain Technology This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin Press Release: Taklimakan [...

Taklimakan Network Launches New-Look Crypto Platform Through AI and Blockchain Technology
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin Press Release: Taklimakan [...

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How To Send Bitcoin Lightning Payments With No Invoice This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Ever wish that you [...]

How To Send Bitcoin Lightning Payments With No Invoice
This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Ever wish that you [...]

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Jeff Bezos: The electricity metaphor

Jeff Bezos: The electricity metaphor submitted by /u/nnin01
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Lightning is Only the Beginning: The Emerging Bitcoin Stack - Coin Savage

Lightning is Only the Beginning: The Emerging Bitcoin Stack - Coin Savage submitted by /u/CoinSavage
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They've Cheated and Still Lost The BET! Roger's Bet on the BTC Network!

They've Cheated and Still Lost The BET! Roger's Bet on the BTC Network! submitted by /u/SweetSweetCrypto
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source https://www.reddit.com/r/btc/comments/bsurau/theyve_cheated_and_still_lost_the_bet_rogers_bet/

Doug French: The World Is Growing Tired of Government-Controlled Fiat Currencies

Doug French: The World Is Growing Tired of Government-Controlled Fiat Currencies submitted by /u/pecuniology
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source https://www.reddit.com/r/btc/comments/bsue7k/doug_french_the_world_is_growing_tired_of/

For those excited about Local.Bitcoin.com, here's a hands-on first look at the platform!

For those excited about Local.Bitcoin.com, here's a hands-on first look at the platform! submitted by /u/CryptoStrategies
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source https://www.reddit.com/r/btc/comments/bstjve/for_those_excited_about_localbitcoincom_heres_a/

'Bitcoin Legal to Own in China,' Says People's Bank of China Lawyer

'Bitcoin Legal to Own in China,' Says People's Bank of China Lawyer submitted by /u/crypt0sparta
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source https://www.reddit.com/r/btc/comments/bsunbu/bitcoin_legal_to_own_in_china_says_peoples_bank/

"Craig Wright is making an attempt to strap the old property (and morality) framework onto a system which doesn't recognize violent state coercion as authoritative, by design."

"Craig Wright is making an attempt to strap the old property (and morality) framework onto a system which doesn't recognize violent state coercion as authoritative, by design." submitted by /u/MarioBuzo
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source https://www.reddit.com/r/btc/comments/bsuhww/craig_wright_is_making_an_attempt_to_strap_the/

Tone Vays Wins $10,000 Bitcoin-Transaction Bet With Roger Ver

Tone Vays Wins $10,000 Bitcoin-Transaction Bet With Roger Ver submitted by /u/beincrypto
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Kraken paid 250 salaries in bitcoin in April and claims more employees are opting for crypto every month

Kraken paid 250 salaries in bitcoin in April and claims more employees are opting for crypto every month submitted by /u/beincrypto
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little mining wallpaper i made (sad i know)

little mining wallpaper i made (sad i know) submitted by /u/ospfeigrp
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Tone Vays - "If bitcoin cash had as many tx's as bitcoin does right now, their fees would actually be bigger. "

6:48:23 tone claims that the amount of tx's bitcoin cash has on chain right is the equivalent to the amount of tx's btc had in 2011 and if bch had the same amount of tx's as btc the fees would be even higher.

BTC tx's peaked in 2011 at around 12k per day, with an average of around 3k per day. BCH txs this year so far peaked at around 150k txs per day, with an average of around 45K per day. (source)

The average fees/tx for BTC in 2011 are roughly the same fees on BCH right now(source), though peaking at 10cent in 2011 for BTC where as peaked at 6 cent so far in 2019 for BCH.

Now his claim that research has shown if BCH had the same amount of transactions as BTC the fees on BCH would actually be even higher than they are on BTC:

At the beginning of september 2018 the BCH community began a 4/5 day long stress test, sending and confirming millions of transactions. On the busiest day BCH confirmed over 2.1 million txs and on that same day BTC confirmed 213k txs. https://i.imgur.com/gBtcjUX.png

The avg fee for BCH on the busiest day was $0.0017, where as the average fee for BTC transaction on that day was $0.64. https://i.imgur.com/8NnJzm7.png

So BCH had 10x more transactions, and fees were 376x cheaper than on BTC. Truly amazing, if only Tone knew he might even switch over.

What did we learn from all of this? Tone vays is still full of shit and will say anything he can to make himself sound right.

Why did i make this post? In case there are any newbies out there who think tone vays has any clue what hes talking about.

submitted by /u/DylanKid
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source https://www.reddit.com/r/btc/comments/bst1dt/tone_vays_if_bitcoin_cash_had_as_many_txs_as/

Preparing for geocashing with Findbitcoin.cash - any suggestions on a fun place to hide them?

Preparing for geocashing with Findbitcoin.cash - any suggestions on a fun place to hide them? submitted by /u/SwedishSalsa
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source https://www.reddit.com/r/btc/comments/bstl7u/preparing_for_geocashing_with_findbitcoincash_any/

Withdraw from local.bitcoin.com is fucking instant

Just like sending from your own electron cash wallet

submitted by /u/ErdoganTalk
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source https://www.reddit.com/r/btc/comments/bstb2l/withdraw_from_localbitcoincom_is_fucking_instant/

Are there any concerns about btc.com, the largest bitcoin mining pool after they reorged the bch blockchain?

Their owners showed that they don’t care about immutability at all, including doing a 51% attack to reverse the blockchain and they are the largest bitcoin mining pool.

They also own the second largest bitcoin mining pool. Doesn’t this concern anyone?

submitted by /u/galan77
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Beaming Bitcoin from Space with satellites

Beaming Bitcoin from Space with satellites submitted by /u/overview12
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BTC supporters lose their shit over a 2 block reorg on BCH to defend against attacking nodes. Meanwhile, a 24 block reorg on BTC to rectify an accidental chain split, where Core devs worked with a single miner to orphan longest chain - nothing to see here!

BTC supporters lose their shit over a 2 block reorg on BCH to defend against attacking nodes. Meanwhile, a 24 block reorg on BTC to rectify an accidental chain split, where Core devs worked with a single miner to orphan longest chain - nothing to see here! submitted by /u/CryptoStrategies
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source https://www.reddit.com/r/btc/comments/bssq35/btc_supporters_lose_their_shit_over_a_2_block/

Just another state loving, boot licking, tattle telling, BTC supporter.

Just another state loving, boot licking, tattle telling, BTC supporter. submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/bssdef/just_another_state_loving_boot_licking_tattle/

In light of the current FUD against BitcoinCash....

Let me introduce the overflow bug of Bitcoin in 2010:

https://en.bitcoin.it/wiki/Value_overflow_incident

Every Coretard that bashes BitcoinCash for stopping malicious transactions is a fucking hypocrite (not that they didn't act like that more times than I can count).

The main reasons for their attack on BitcoinCash:

1.) BCH markets show signs of decoupling (eg: moves against BTC)

2.) BCH transactions stats are on a growing trend

3.) BCH development is progressing rapidly (coinshuffle, schnorr, etc)

4.) BCH has been working flawlessly, even during the hash wars, while BTC can't even handle the little tx volume spikes the network experiences and clogs weekly.

5.) LN is still just a piece of digital turd.

submitted by /u/WippleDippleDoo
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source https://www.reddit.com/r/btc/comments/bssdr5/in_light_of_the_current_fud_against_bitcoincash/

For newcomers: 👉 Read The History of Bitcoin Cash

submitted by /u/money78
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source https://www.reddit.com/r/btc/comments/bssl2k/for_newcomers_read_the_history_of_bitcoin_cash/

A pro BCH tweet is the top trending tweet for the Tiananmen Square Massacre Anniversary. Help it get some more attention as the date approaches!

A pro BCH tweet is the top trending tweet for the Tiananmen Square Massacre Anniversary. Help it get some more attention as the date approaches! submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/bssl8b/a_pro_bch_tweet_is_the_top_trending_tweet_for_the/

Nepotism at Slush Pool

Nepotism at Slush Pool submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/bsswr5/nepotism_at_slush_pool/

Bitcoin Cash users can now shuffle their BCH for free with SideShift AI

Bitcoin Cash users can now shuffle their BCH for free with SideShift AI submitted by /u/BlakeNomad
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source https://www.reddit.com/r/btc/comments/bsss6w/bitcoin_cash_users_can_now_shuffle_their_bch_for/

Still a must read to understand the present of Bitcoin: The resolution of the Bitcoin experiment. Probably the second most important text after the white paper.

Still a must read to understand the present of Bitcoin: The resolution of the Bitcoin experiment. Probably the second most important text after the white paper. submitted by /u/cantFindMyOtherAcct
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source https://www.reddit.com/r/btc/comments/bsstw6/still_a_must_read_to_understand_the_present_of/

BCash Miners Undo BCH Transactions using 51% Attack

BCash Miners Undo BCH Transactions using 51% Attack submitted by /u/b0nusmeme
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Bitcoin has the ability to make the government auditable

We would have the ability to see where out tax payments go. A government could be put in place that makes public each of it’s bitcoin addresses and who it sends funds to. The current government refuses audits. It will fight to prevent a transparent system from coming to being. They will be one of the biggest bitcoin attackers. Remember this when contemplating the security of the bitcoin system.

submitted by /u/anon717171
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Hodl up!

Hodl up! submitted by /u/maggotbrain962
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Small pools that include low fee transactions: thank you

If every bitcoin mining pools simply selected transactions from the mempool only ordered by transaction fees, we will have a situation where every bitcoin users will be trying to out bid each other continuously for the next block - or risk having their transaction dropped from the memool ( most wallets might not detect this and might not re-broadcast ).

Some pools decide to take a small percentage of low fee transactions, then more txns with this fee then finally prioritize high fee txns that want the next block.

Without this a proper fee market cannot develop. Why?

Because not every transaction needs to be confirmed quickly, some transactions just need to confirm eventually...

Low Priority: refilling your LN wallet. As long as the txn confirms eventually without dropping it doesn't matter

High Priority: sending 5K BTC to the exchange to sell

By some pools mining low fee transactions bitcoin users that are doing low priority transactions don't have to bid against people doing high priority transactions so long as their txn eventually confirms.

So far I have refilled my LN wallet - when median fees were 2-3 dollars, using 1 sat/byte fee twice! Both txns were confirmed under an hour...

Thank you:

F2Pool: https://blockchair.com/bitcoin/block/577391

HummerPool: https://blockchair.com/bitcoin/block/577472

for mining my low fee transaction.

If you are a miner please consider supporting a pool that has a progressive fee selection policy.

submitted by /u/Spartan3123
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Legend says Satoshi sits at the end

Legend says Satoshi sits at the end submitted by /u/Spicy-Rice
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So Tone Vay's 1 sat/byte tx was manually added in by SlushPool. It's the second tx after the coinbase, making it a high priority transaction, despite having such a low fee compared to literally any other transaction in the block. It also wasn't included in a block by the "end of today" (in Malta).

So Tone Vay's 1 sat/byte tx was manually added in by SlushPool. It's the second tx after the coinbase, making it a high priority transaction, despite having such a low fee compared to literally any other transaction in the block. It also wasn't included in a block by the "end of today" (in Malta). submitted by /u/_pokkst
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source https://www.reddit.com/r/btc/comments/bsq8d7/so_tone_vays_1_satbyte_tx_was_manually_added_in/

The Bitcoin Cash Register app has arrived for iPhone!

The Bitcoin Cash Register app has arrived for iPhone! submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/bsr7s3/the_bitcoin_cash_register_app_has_arrived_for/

Local.Bitcoin.com broke 4,000 signups today with 1.2K active offers ready for launch!!!

submitted by /u/MemoryDealers
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source https://www.reddit.com/r/btc/comments/bsrjv5/localbitcoincom_broke_4000_signups_today_with_12k/

Someone in Sweden is hiding Bitcoin in robots.

Someone in Sweden is hiding Bitcoin in robots. submitted by /u/SwedishSalsa
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source https://www.reddit.com/r/btc/comments/bsmht8/someone_in_sweden_is_hiding_bitcoin_in_robots/

Proof of Friends? BTC Evangelists Accused of Manipulating TX Confirmation Wager

Proof of Friends? BTC Evangelists Accused of Manipulating TX Confirmation Wager submitted by /u/CoinSpice
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source https://www.reddit.com/r/btc/comments/bsqtzd/proof_of_friends_btc_evangelists_accused_of/

BCH bounties for hosting meetups in Venezuela. Could be an interesting model! (site is Lazyfox.io)

BCH bounties for hosting meetups in Venezuela. Could be an interesting model! (site is Lazyfox.io) submitted by /u/BeijingBitcoins
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source https://www.reddit.com/r/btc/comments/bspzk1/bch_bounties_for_hosting_meetups_in_venezuela/

BCH suffered a 51% attack by colluding miners to re-org the chain in order to reverse transactions - why is nobody talking about this? Dangerous precident

BCH suffered a 51% attack by colluding miners to re-org the chain in order to reverse transactions - why is nobody talking about this? Dangerous precident submitted by /u/time8com
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source https://www.reddit.com/r/btc/comments/bsjj41/bch_suffered_a_51_attack_by_colluding_miners_to/

Isn't this BTC case back in March 2013 a coordinated reorg between Core developers and BTC Guild? 🤔

Isn't this BTC case back in March 2013 a coordinated reorg between Core developers and BTC Guild? 🤔 submitted by /u/egotist2009
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source https://www.reddit.com/r/btc/comments/bsphn7/isnt_this_btc_case_back_in_march_2013_a/

FUD VS Reality

FUD VS Reality submitted by /u/money78
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source https://www.reddit.com/r/btc/comments/bso3kt/fud_vs_reality/

BCH in Seoul

Hi

Does anyone know some good restaurants / bars that accept BCH in Seoul? All "maps" aren't really showing alot.

submitted by /u/zib123
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source https://www.reddit.com/r/btc/comments/bspujd/bch_in_seoul/

If Local.Bitcoin.com works as well as it promises, I will start to feel a lot more confident about approaching businesses to adopt Bitcoin payments.

That goes for both btc and bch. The main reason I don't really bother pushing businesses to accept Bitcoin is because I don't have a good answer for how they can quickly, reliably and cheaply convert it to fiat here in Canada. That's what really matters to them.

If local.bitcoin.com makes that whole process easy, cheap, safe and reliable then adoption will be so much easier to sell.

submitted by /u/AnarchoCicero
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source https://www.reddit.com/r/btc/comments/bsla70/if_localbitcoincom_works_as_well_as_it_promises_i/

Unfortunate update on Chicago Hidden Wallet

Unfortunate update on Chicago Hidden Wallet

Sadly, we had to "expire" this wallet by sweeping it's funds (https://findbitcoin.cash/places/united-states/illinois/chicago/claimed-treasures/hiding-by-northwestern-medicine-and-stans-donuts/)

Apparently, the day after I hid this wallet (affixed to the bench), city workers went out and painted those benches. ugh, timing! Two treasure hunters went to find it and both claimed that it was no where to be seen. Last one was here: https://twitter.com/Jaytron7/status/1132118309686652929?s=20

Well, not all is lost, since the wallet did include some funds donated by the community, I have swept it and moved it over to this wallet, which we will be hidden in Toronto this weekend. (sorry Chi-Town, i'm no longer in town).

Old Wallet "expired" due to untimely painting of benches:

bitcoincash:qzzl80h4mp2q6ee4g54r6nw5lzdse77g0gqu66mdp9

New wallet is here: qr87749sfeq4vnc5u4xxqzxdfvklxvcmjgz32xe6lc

Almost pulled a rookie move and hid the QR code but not the written key. Whew!

submitted by /u/CreativeName44
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source https://www.reddit.com/r/btc/comments/bsqbzj/unfortunate_update_on_chicago_hidden_wallet/

Listened to John Carvalho and Peter McCormack (self-described 'non-technical people') preaching about the best technical choices. Made this.

Listened to John Carvalho and Peter McCormack (self-described 'non-technical people') preaching about the best technical choices. Made this. submitted by /u/freetrade
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source https://www.reddit.com/r/btc/comments/bsrlcv/listened_to_john_carvalho_and_peter_mccormack/

Traders Are Now Banned From Using Localbitcoins Exchange in Iran

Traders Are Now Banned From Using Localbitcoins Exchange in Iran submitted by /u/chalbersma
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source https://www.reddit.com/r/btc/comments/bsn4ww/traders_are_now_banned_from_using_localbitcoins/

Looking to try out lightning network

I'd like to try out LN to see the big deal is. Is it possible to do so without running a node and I have control over the keys (i.e. non custodial)? Thanks

submitted by /u/FamiliarInflation
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source https://www.reddit.com/r/btc/comments/bsn3dp/looking_to_try_out_lightning_network/

If Someone Tries to Tells You That "Non-Cash" Applications of the Blockchain are "Spam", Send Them This Video

If Someone Tries to Tells You That "Non-Cash" Applications of the Blockchain are "Spam", Send Them This Video submitted by /u/AD1AD
[link] [comments]


source https://www.reddit.com/r/btc/comments/bsqhft/if_someone_tries_to_tells_you_that_noncash/