it sounds like pacman's currency
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source https://www.reddit.com/r/btc/comments/cfhqsy/what_is_bitcoin/
Saturday, 20 July 2019
what is bitcoin
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source https://www.reddit.com/r/btc/comments/cfhqsy/what_is_bitcoin/
Americans Misunderstand the Bitmex CFTC Probe
First off anyone critisizing leverage isn't a bonafied finance professional who has traded legacy markets. Natural Gas and Crude oil and Gold are all 100x leverage or 50x leverage domestically, legally, on US NFA CFTC regulated exchanges. Crypto is full of noobs who have no professional background training in derivatives. Period. And because of that you don't understand what the CFTC is doing, what Mnuchin is doing, what the CFTC has done in the past to Forex, and what they will do.
We as americans are going to have ALL leverage taken away. SeedCx, Baakt, LedgerX, and ErisX were given derivative license to offer physically backed UNLEVERAGED contracts. The regulators are showing 0 intention to offer regulated exchanges proper leverage. Mnuchin came on TV and basically, if you read between the lines said, we are going to go after overseas exchanges, which for all intents and purposes he should have just said Bitmex. It's not a coincidence.
It puts us a catastrophic disadvantage. And it's my livlihood and countless others. I hate legacy markets. I don't want to trade crude oil because I got pushed out of Bitcoin. This is Wallstreet shutting down competition so they can behave as middle men to keep middle class Americans under control. This is how the security and derivative laws are set up in America, to protect the rich and control the poor.
The US and UK government want to backdoor exchanges AND wallets with chain analysis and smart contracts tied to KYC so that they can control your money and force it onto centralized exchanges where they can arbitrarily sieze it, they want to control it just as if it were Fiat. They don't want you to hold your private keys. They are building a regulatory sandbox that forces you to put large lump sums of capital on centralized exchanges by taking away the ability to put small highly leveraged amounts on anonymous exchanges. Once they do this they have total control over you.
No overseas exchange can legally offer leveraged bitcoin to Americans because of Dodd Frank laws. So mandatory KYC, globally, which is what the Trump administration wants, is an effective ban on US citizens. They took away our ICO, IDO, and IEO, they are geobanning altcoins. Can you not get this through your head, they are intentionally trying to keep you poor. They are not protecting you.
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How does schnorr signature aggregation create an economic incentive to use coinjoin in a private manner?
As I understand it, signature aggregation allows for the same transaction fee if there is 1 input or 50 inputs.
This means by doing a coinjoin, you get a cheaper transaction.
Many people are claiming that since this creates an economic incentive, as it is cheaper, to use coinjoin bitcoin will increase in privacy/fungibility.
However, I am a little confused about this.
IF everyone has the same input and same output in a coinjoin, like with wasabi or samari wallet, then I can see how it allows for some privacy.
BUT breaking up or combining your bitcoin into a specific amount, like 0.1 BTC is costly to do so.
The cheapest coinjoins would be ones that have different values for inputs and outputs.
This would ultimately make the coinjoin fairly traceable as you could deduce what is happening: Imagine if there were inputs of 5 BTC, 5 BTC, 1 BTC, 0.1 BTC, and 0.01 BTC with outputs of 10 BTC, 1.01 BTC, and 0.03, and 0.06 BTC.
With the likely issue of address reuse, and combining coinjoined outputs with previous or future outputs, you will likely be able to get a fairly clear picture of what is happening. Imagine if some of those inputs and outputs were associated with monthly payments to the same address, and likely having links to previous similar transactions.
It seems like coinjoin really only offers solid privacy if all inputs and outputs are of the same value, yet the cheapest coinjoin would not have this feature.
Is it far to argue that schnorr signature aggregation, which does make coinjoin cheaper, makes it cheaper to send a "private" transaction when the privacy is seriously compromised by the cheapest strategy of using different values of inputs/outputs?
It seems like a properly anonymizing coinjoin is ultimately still more expensive then a typical coinjoin.
https://twitter.com/CameronRuggles/status/1152341300437377024
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Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development 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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At $300 today, is BCH a failure ?
As Hedge Fund Manager Mark Yusko said so eloquently: "Only gamble was whether Bitcoin would make if from $0 to $100, that was the real miracle. Going from $4,000 to $400,000 is easy"
So if you think that BCH at $300 is a failure.... think again. The real miracle has happened already.
It's just a matter of time before the cream rises to the top. And as anyone can see, the BCH Bitcoin community here is large and very pro-active. I wouldn't bet against us. The fickle market will ditch BTC like a bad habit one day and realize there are even much better SOV's such as monero and better combo hybrids sov/digital cash as BCH. And the vaunted "network effect"for BTC will soon wear thin.......real thin.
In fact, it appears that this network effect (foisted on the unsuspecting through nefarious means talked about ad nauseam in this sub) is now a severely leaking ship, and each day more truth is getting out. So, it does appear that tragedy, or shall we say at least; disappointment, is already written all over the walls of BTC. It just a matter of time before it takes on enough water and sinks into distant memory like Myspace and everyone's friend "tom" .
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source https://www.reddit.com/r/btc/comments/cffy7d/at_300_today_is_bch_a_failure/
Did you know Cristiano Ronaldo makes 10,480.77 BTC in 2019 at todays current rate?
Hey guys,
wanted to make an announcement of the launch of a subreddit dedicated to sourcing athletes and celebrities salaries and convert them into bitcoin. #bitcoinsalaries
Here is the link to the new community: r/BitcoinSalaries/
Here you can check out the full list: https://bitcoinsalaries.com/
Hopefully, this will raise awareness and get more people use to checking prices in bitcoin, rather than FIAT.
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Daily Discussion, July 19, 2019
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.
We have a couple chat rooms now!
Please check the previous discussion thread for unanswered questions.
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Can someone make a post with a list of congress and state officials who support Bitcoin? I don't vote but I will now.
It would be great if someone could come up with a list. I don't vote because I would rather not choose the lesser of evils, but moving forward I will definitely do anything I can to support Bitcoin. I have less than .01 of a BTC because I simply can't afford it right now, but it's the ideology that needs to be pushed.
It's not about getting rich, it's about making a change. I used to think my vote would never matter for anything, but this presents some hope. I almost gave up on the goverment framework, but there is still a glimmer of hope.
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KPGM to Work With Microsoft, Tomia and R3 on Blockchain Telecom Solutions 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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7 Unorthodox Ways to Mine Bitcoin This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Bitcoin isn’t crazy – [...]
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Chiliz to Provide Official Crypto of Football Club AS Rome via Socios 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 Minister: No Official Ban on Cryptocurrencies in India Yet 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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London Metropolitan Police’s Facial Recognition Still has an 81% Error Rate 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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Friday, 19 July 2019
I’m Not Satoshi — I Don’t Have That Much Money, Says Sci-Fi Author 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 Government Breaks Silence on Crypto Regulation This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. The Indian government has [...]
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Tom Lee Is Afraid Trump will Institute a Bitcoin Ban This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Fundstrat Lead Analyst Thomas [...]
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Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction. - The 13th Amendment
1 AM UTC Is the Most Volatile Hour for Bitcoin: Research 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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Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto 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-Seeking Ransomware ‘Ryuk’ Virus Found and Studied in China 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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Quickest easiest way to cash out btc?
I want to sell a gift card but I figured I can't get scammed if I sell for btc instead of PayPal. It's a rather large gift card.
But then I need to convert to cash, and I don't have a bank account and I'm locked out of most of my accounts like coinbase, etc.
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source https://www.reddit.com/r/btc/comments/ceyvsb/quickest_easiest_way_to_cash_out_btc/
Facebook and Google Track Your Porn Browsing Regardless of Incognito Mode 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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Badger now supports CashAccounts!
Badger Wallet for Chrome/Firefox v0.7.4 is live w/ support for CashAccounts! CashAccounts allow for human readable account names that are easy to share in conversation. So instead of sharing my address as bitcoincash:qrhncn6hgkhljqg4fuq4px5qg74sjz9fqqj64s9la9 I can share it as cgcardona#122. This makes sharing addresses much more human-friendly and less intimidating.
Downloads
Developer resources
If you're building your own app and want to use CashAccounts you can use the following REST endpoints and npm library.
REST endpoints
npm library
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source https://www.reddit.com/r/btc/comments/cf0a7j/badger_now_supports_cashaccounts/
I anybody wants to try out sideshift.ai, send me a PM for access code. Will only hand out codes to people with enough post history on /r/btc to prevent handing them out to untrustworthy people. (sideshift is still in beta and people could exploit bugs and cost them a lot of money)
Thursday, 18 July 2019
Congressman Warren Davidson Suggests Libra is a Sh*tcoin This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. On Wednesday, Representative Warren [...]
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Bitcoin Security
When I see posts about the “security of BTC”, my head hurts from the cognitive dissonance that exists with the true BTC maximalist’s (a) apparent disdain for the miners dating back to the UASF**, and (b) gleeful thoughts about the uncontested hash power of the BTC chain.
Acknowledgement: A miner’s gonna mine what makes the most sense for their economic situation. Current hash power distribution is 97% BTC...
My Point: I wouldn’t be counting my [security] chickens quite yet on the BTC chain. It seems like hash power distribution across these two chains could easily be a fluid thing when BTC/BCH are moving rapidly relative to each-other.
Questions: -Do you agree with the point above? -Any thoughts on how this plays out in the near future?
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source https://www.reddit.com/r/btc/comments/ceoivg/bitcoin_security/
Bitcoin Trades Near Infliction Point After Its Recent Recovery
Blockstream Announces New Lightning Network Upgrade This article was originally posted on The Bitcoin News - a trusted site covering numerous topics related to Bitcoin since 2012. Blockstream announced the v0.7.
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If you outlaw Bitcoin, then you will create a war on Bitcoin, similar to the war on drugs. We have to convince people that black-markets are not the way forward. We have to give people their liberty back.
When I see guys like Andrew Ross Sorkin say stuff like "well what if they make it so Coinbase can't accept dollars", the response has to be "then you want to drive Bitcoin into a black market similar to drugs now or alcohol in the prohibition era.
If the government wants another war on drugs, that's fine. I for one am ready to protest and advocate our rights for the Freedom to Choose our Money.
If we have to March on Washington then so be it. We all remember the principles of civil disobedience. The lessons of Thoreau, Gandhi, and MLK cannot be forgotten.
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Bitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto 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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USD/BTC
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https://i.redd.it/6ki1jgukwva31.png USD is a fiat currency with no intrinsic value. The controlling entity aims to devalue it by 50% every 35 years ("halving"), by increasing the supply in a double-accounting pyramid scheme. USD is inherently anonymous with no public ledger, and is often used for under-the-table transactions by arms dealers, politicians, and other criminals. I would advise everyone to stay away from this scam. [link] [comments] |
I’ll admit it. I was one of those people
that heard about Bitcoin during the hype toward $20,000, didn’t know anything about it, and was amazed at its progress but shrugged it off as something I shouldn’t bother get into.
Not long after, I briefly heard about Bitcoin again on the news of it “crashing”. That’s why people need to buy low and sell high, right?
Fast forward to a few months ago, I started hearing about Bitcoin again. This time from friends. “Why are people buying it again?” “How does it work?” I decided to find out this time.
I did some research and began to unearth the truth and potential of this technology. I get it now. This is the future, whether some people like it or not. The rate of adoption is accelerating.
I look back now and realize what the “crazy” Bitcoiner friends were trying to tell me long ago. I am one of them now. And the majority of people around me still think as I used to. At some point soon, the majority of us will have experienced this role-change. The question is: how much longer are you going to keep waiting? Hope you’re not one of the last.
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EOS vs. Ethereum: Which One Should You Invest More? 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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Coinbase Announces Three Data-Based Trading Signals for Users 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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Ocasio-Cortez Criticizes Corporate-Controlled Money in House’s Libra Hearing 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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Lotus is Building a Sensational Electric Hypercar 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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Key Comments From Libra Hearing at US House of Representatives 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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