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submitted by /u/FluidAttitude [link] [comments] |
source https://www.reddit.com/r/btc/comments/dgse5n/in_this_youtube_interview_i_talk_to_matthew/
Saturday, 12 October 2019
In this YouTube interview, I talk to Matthew Mezinskis from Crypto Voices. Matthew explains what base money is and if Bitcoin will ever become it.
source https://www.reddit.com/r/btc/comments/dgse5n/in_this_youtube_interview_i_talk_to_matthew/
BCH docker image?
Can anyone please recommend the "best" docker image to use for a BCH node? Or the best for each node implementation?
Zquestz/bitcoin-abc is linked from the abc homepage, and looks like the natural choice.
What do you all think?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dgs73v/bch_docker_image/
My Crypto Screener using technical indicator
Hi, I am building a crypto screener using a technical indicator.
It's a mobile app where the user can
- Scan the market using technical indicators such as SMA, EMA, BBand, RSI and more.
- Users can change the setting of indicator such as Length and source to any of the OHLC values.
- Users can scan 5M, 1H, 4H, 1D and weekly charts.
- If you want to track only one coin, then you can set a custom alert for any coin using a technical indicator.
- You can scan multiple time frames at once.
- And Most important, you can set notification and be notified when any new coin fulfills your requirement.
Tradeplan.co is the landing page, I am more than 80% done with the development, so trying to reach out to the community and looking to get some early beta users for the app.
Looking for your feedback and please spread the word. If you have any doubt feel free to ask.
Thanks.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dgraxe/my_crypto_screener_using_technical_indicator/
on "freezing" the protocol: good, better, best
There are no doubt benefits to ossifying or freezing the protocol. Stability and protection from certain kinds of attacks come to mind. The key insight is that you make the engineering changes you need to make first, and then you "freeze it" (if you're going to freeze it).
BTC is a "good" protocol because it is more or less frozen and handles 300-400k transactions per day.
BSV is a "better" protocol because it removed the silly blocksize limit (and then froze the protocol). (Note: I'm not saying BSV is better or a more legit project than BTC overall. There are plenty of other reasons not to support BSV outside the scope of this post.)
BCH is the "best" protocol we have because we have a solid roadmap to make the engineering changes, and then, we can consider freezing the protocol as it will be complete, at least for a foreseeable future.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dgo2vg/on_freezing_the_protocol_good_better_best/
Imagine being such a totalitarian dictator that you think you have the moral right to tell hundreds of millions of other human beings what they can and can’t sell without your permission. That’s the SEC.
Friday, 11 October 2019
Where to purchase Bitcoin
Where should we be purchasing Bitcoin? I see a lot of complaints about coinbase lately but it still looks cheaper to purchase there than other options. Please correct me!
Coinbase total fee for purchasing $1,000 of Bitcoin Transfer $1,000 into account using ACH, bank transfer: no fee Purchase $1,000 of Bitcoin maker or taker fee .0005 Total fee is $5
[link] [comments]
Bitcoin ABC vs Bitcoin Unlimited Client Protocal differences?
What is the skinny on both clients? Also what's with the Amaury vs Rizun thing? Is it a PR stunt or real rivalry?
Explain it like I'm a n00b please. Fairly new to Crypto Space.
Electron Cash is SPV, does it follow ABC or BU?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dg7kwc/bitcoin_abc_vs_bitcoin_unlimited_client_protocal/
Why the risk of mining centralization does not exist
In the free market, a cartel's attempt to increase profit by reducing output is doomed to fail; it improves profit for those outside the cartel and those inside the cartel who want to cheat.
A cartel can work -- but only if it is supported by regulation (often instigated by large actors themselves in a struggling submarket) and the coercive power of the state.
In bitcoin we have none of that, and can not have due to the mechanics of proof of work. It means anyone can mine, anywhere, in any jurisdiction.
It means if the mining industry is attacked in one nation state, or an attempt to organize a cartel in that nation state, it will immediately be outcompeted by miners some other place. If it is shut down in one country, it will be replaced somewhere else, and if that can not physically be accomplished immediately, the price per hash will increase, reducing the rate of hashing to equilibrium with the coin price. And bitcoin will continue as if nothing had happened.
In fact, any intervention into mining can only decrease the profitability of the mining outfits attacked, or taken over. Any purpose other than striving for the best mining economy, will leave that miner in the cold.
The key is the global aspect of the system, and the low barrier to entry, mining does not have to be spread evenly, and need not be located where the users are. We can absolutely have mining in china, no users, no mining in europe, but all the users.
My evaluation of the opec oil producers cartel -- since oil production is international, there is no jurisdiction that can support the cartel with coercion. Crazy evil action from enemy states can distort production some place, if so it will pop up another place, and the production quota is obviously never heeded by anyone. Here, as in all cartels, for any actor it is profitable that the other actors reduce production to raise the price, then to increase production for himself under the higher prices. Opec is just a club of big talkers.
In another submarket, downstream oil: From a story about Standard Oil, https://ari.aynrand.org/issues/government-and-business/capitalism/Vindicating-Capitalism-The-Real-History-of-the-Standard-Oil-Company/
"The failing refiners were neither the first nor the last businesses to be in such a situation. And, like many before and after them, they tried to solve their problems via cartels: agreements among producers to artificially reduce their production in order to artificially raise their prices. Rockefeller, hoping for stability in prices and an end to the irrationality of others refining beyond their means, joined and supported two cartels. This move was disastrous — the worst of Rockefeller’s career."
"Cartels are generally viewed as evil, destructive schemes because they are overt attempts by a group of businesses to increase revenues by raising consumers’ prices across an industry. In and of itself, however, seeking higher prices for one’s products is not evil; it is good. The problem with cartels is not that they seek higher profits, but that they shortsightedly attempt to generate them by non-productive means. So long as the economic freedom to offer competing or substitute products exists — as should be the case — such a scheme is bound to fail."
Another read covering the same: https://mises.org/library/antitrust-policy-both-harmful-and-useless
So, no centralization risk
[link] [comments]
source https://www.reddit.com/r/btc/comments/dg61az/why_the_risk_of_mining_centralization_does_not/
Dead horse
Please, somebody with twitter account write to this men that he know that BTC is the dead horse, but he still bets on it. https://twitter.com/Suitpossum/status/1181930467290963970
[link] [comments]
source https://www.reddit.com/r/btc/comments/dg62yw/dead_horse/
Thursday, 10 October 2019
One Million Bitcoin
At today’s prices is $8.5 billion or so.....
Obviously too much except for the richest of the rich...
But it’s a drop in the bucket for most governments/central banks
If I was running one of them and saw that BTC has a decent chance to succeed one should take advantage now and push a button to create $8.5 billion out of thin air and buy 1 million BTC just in case...
If any country does that and BTC becomes what we think it can be then they have a seat at the world table for next 100 years easy.
If it doesn’t work out then it’s just another wasted $8.5 billion anyway which they do all the time.
Risk reward seems pretty good to me.....
[link] [comments]
bounty platforms
https://gitcash.io/ says:
ChainTip Bounties
We've partnered with ChainTip to bring you bounties over Github
what are the details of this partnership? How do i post a bounty using gitcash?
is documentation (all the ways of calling the bot) for chaintip.org bot available somewhere?
are there some other noteworthy bounty platforms?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dfun4m/bounty_platforms/
Economics on the Halvening
So we all know the future supply of Bitcoin will be cut in half in 2020. From my knowledge of economics, this will cause supply to become more inelastic. Now this doesn’t necessarily mean the price will go up because you aren’t shifting the supply curve in one direction or the other. You are just changing the slope of the supply curve.
The interesting situation is when a shift in the demand takes place. In my opinion, as we reach the upcoming recession in the U.S. there will be a shift in the demand to the right as more people will want to put their money into assets such as gold and possibly bitcoin. Now if the supply of bitcoin is more inelastic at that point, this will cause a huge price increase!
Now obviously this is a pretty simplistic idea and there are so many other variables to consider, but from this point alone I believe that the price of bitcoin will be much higher than where we are today. Let me know what you all think!
[link] [comments]
How to buy bitcoin underage?
I have been using paxful but I feel like its a scam. Im literally loosing 20% of my money to traders when i buy with prepaid gift cards. Then paxful has this aweful 5 dollar fee for everytime you use your wallet. I am located in the US and I have all my documentation Id, ssn etc. Any recomendations
[link] [comments]
"The main benefits are lost if a trusted third party is still required to prevent double-spending." Whitepaper abstract
I propose that there should NEVER be ANY part of bitcoin that can "go out of business". To reach mass adoption we need a system that can do every aspect of what it is intended for without a trusted third party. That means no payment processors because they tend to be discriminatory. Bitcoin itself has a built in payment processor and we should maximize its potential.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dftpu7/the_main_benefits_are_lost_if_a_trusted_third/
Just realized Bakkt is not even trying just yet
Hear me out. Bakkt is essentially a regulated exchange. To meet their goals, they need volume. A LOT of volume. And a LOT of customers. What do you do when yo want lots of customers? Right, you make it easy for them to join your platform. But the only way to become a Bakkt customer right now is to send a mail to their sales team. Not exactly the easiest way to onboard, which bring me to the following conclusion: Bakkt is currently not trying to have high volumes. Although they claim they launched, they're obviously still in the early customer acceptance/ramp up phase, only accepting a select handful of customers.
[link] [comments]
There are only 3 million bitcoins left!
Find a bitcoin, before they are all gone!
[link] [comments]
source https://www.reddit.com/r/btc/comments/dfpq3y/there_are_only_3_million_bitcoins_left/
Help with Offline Tx Generation
Hello, Will pay 0.10 BCH for someone to teach me how to generate offline tx.
I would like to use:
https://ccoin.cash/#newTransaction
Please PM me. Thank You!!
[link] [comments]
source https://www.reddit.com/r/btc/comments/dfolqc/help_with_offline_tx_generation/
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