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submitted by /u/Fiach_Dubh [link] [comments] |
Saturday, 9 November 2019
After 10 years governments and central banks trying to copy Bitcoin
In 10 years Bitcoin went from an idea on a whitepaper to governments and central banks trying to copy it.
The three biggest central banks in the world are trying to imitate bitcoin trying to create their own digital currency:
Federal Reserve(FED)
European Central Bank (ECB)
People's Bank of China (PBOC)
Time ago we were in the mocking phase. Now we are in the Imitation phase. I wonder what phase comes next?
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Is there any Bitcoin Cash wallets supported on Linux?
I recently changed to Linux because I don't believe apple and Microsoft will be around for long. Does anyone know if there are any good wallet apps for Linux?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dto2z9/is_there_any_bitcoin_cash_wallets_supported_on/
Bank of Canada Study on Bitcoin
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According to the 2019 Bank of Canada Bitcoin study, 5% of Canadians owned some Bitcoin in 2018. And of those, 14% owned more than 1 Bitcoin. So to those lucky Canucks, you are in fact in the top 0.7%! Congrats and HODL! https://www.bankofcanada.ca/wp-content/uploads/2019/11/sdp2019-10.pdf [link] [comments] |
FCA expanding Money Laundering regs to Publication of open-source software & crypto to crypto services. (Subject to consultation)
TLDR: FCA implying open-source wallet providers & crypto-to-crypto services need to register under MLR (Money Laundering Regulations) requiring them to pay £5000, KYC customers, track transactions, and follow AML/CTF practices.
As an MLR compliant business you will have to comply with AML/CTF (Counter terrorist financing) and CDD (Customer Due Diligence). This is fairly normal for fiat exchanges and ICO's, but this document appears to broaden the category of businesses that need to comply to include Crypto-to-crypto exchanges (this would include things like btc->lightning on-boarding services) and software developers providing free software (e.g. key generators, electrum etc).
This is taken from the consultation document CP19/29
"Cryptoasset businesses carrying out the activities listed below should assume they must comply with the MLRs from 10 January 2020 and that this consultation applies to them."
| Crypto-asset activity | As described in the Treasury consultation |
|---|---|
| Cryptoasset exchange provider | A business that provides the following services:• exchanging fiat currency (government-issued currency) for a cryptoasset (or vice versa) • exchanging 1 cryptoasset for another cryptoasset. |
| Cryptoasset Automated Teller Machine ( AT M ) | Physical kiosks that allow users to exchange cryptoassets and fiat currencies |
| Custodian Wallet Providers | A business that looks after the customer’s tokens in its IT system or server and, may administer or transfer the token on behalf of the customer. |
| Peer to Peer Providers | A business that provides an online marketplace which facilitates the exchange of fiat currencies and cryptoassets (both fiat-to-crypto and crypto-to-crypto) between prospective buyers and sellers |
| Issuers of new cryptoassets, e.g. Initial Coin Offering (ICO) or Initial Exchange Offering (IEO) | A business that sells a cryptoasset, promoted or sold as a new type of cryptoasset or one that will become useable in the future, in exchange for fiat currency. |
| Publication of open-source software e.g. Non-Custodian Wallet providers | A business that provides software such as an application, that may be downloaded and used by a customer on their device to store or administer a token, e.g. a non-custodian wallet application that a customer can download onto a device to store the private key in relation to a token. |
This list has been expanded from the original list provided in an earlier consultation Transposition of the Fifth Money Laundering Directive
The original list did not include Peer to Peer providers and Open source software. The summary for the consultation of the MLDirective has not yet been completed, making it a surprise to see the categories expanded without justification. There is a chance that this is a mistake, but as it currently reads it sweeps your crypto business into MLR's.
The current CP19/29 consultation is asking for feedback on the cost of MLR registration, but I think we need to provide feedback that the range of businesses caught up in this legislation is extreme.
If you are a UK crypto based business, coder, or generally interested person, you should fill out the feedback form
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Happy to introduce paper.crescent.cash! A straightforward Bitcoin Cash paperwallet generator. Clean, noob-friendly, modern UI. Designed specifically for newcomers into Bitcoin looking to generate paperwallets!
BCH logo spotted in 1994
At 45:22 in the 1994 movie Blown Away there is a BCH logo on the food card. Well it’s red, but it caught my eye for sure.
[link] [comments]
source https://www.reddit.com/r/btc/comments/dtoo2u/bch_logo_spotted_in_1994/
r/Bitcoin recap - October 2019
Hi Bitcoiners!
I’m back with the 34th monthly Bitcoin news recap. (a bit late this time, sorry)
For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in October 2019
Adoption
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Hong Kong bitcoin trading volume spikes to new all-time highs (2 Oct)
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Satoshi, bitcoin’s smallest unit, is now added to Oxford English dictionary (15 Oct)
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A Luxury hotel in Switzerland accepts bitcoin for payments (25 Oct)
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Someone starts accepting bitcoin in their online clothing store (27 Oct)
Development
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Tim Akinbo adds his first code to Bitcoin Core and becomes a contributor (9 Oct)
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The next release of Electrum will support Lightning payments (14 Oct)
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lnd v0.8.0-beta is released (15 Oct)
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Offline receiving is coming to the Lightning Network (20 Oct)
Security
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Man sues AT&T after fraudulent SIM swap led to $1.8M cryptocurrency theft (18 Oct)
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For people still using Bitpay, they had an undisclosed security breach (24 Oct)
Mining * Block 600k has been mined and with it the 18 millionth bitcoin (19 Oct)
Business
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Case announces the second generation of their Bitcoin & Lightning Node (8 Oct)
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ACINQ raises $8M in series A funding to continue their work on the Lightning Network (8 Oct)
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Peter Thiel backs wind-powered Bitcoin mining company in the US (16 Oct)
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HTC’s Blockchain Phone Exodus 1s can run a full Bitcoin Node (19 Oct)
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Bakkt plans to release a consumer payment focused app with Starbucks in 2020 (28 Oct)
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Bitfinex adds native SegWit support for Bitcoin withdrawals (30 Oct)
Education
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Andreas Antonopoulos on why Bitcoin is ‘The next Bitcoin’ (5 Oct)
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A 15 minute presentation on Bitcoin by Wences Casares (25 Oct)
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Bitcoin is officially included in French high school syllabus (31 Oct)
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A rundown of how to accept Lightning payments on an online store (31 Oct)
Regulation & Politics
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A US Congressman says Facebook should adopt Bitcoin and drop the Libra project (17 Oct)
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Ex-CFTC Chairman says US Regulators colluded to pop the 2017 bitcoin price bubble (23 Oct)
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People discuss countries holding bitcoin as part of their national reserves (29 Oct)
Archeology (Financial Incumbents)
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PayPal withdraws support from Facebook’s Libra project (4 Oct)
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Hong Kong’s central bank steps in as its ATMs run out of cash (6 Oct)
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Money is not worth anything anymore says ex-CEO of Credit Suisse (7 Oct)
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Large payment companies have abandoned Facebook’s Libra project (12 Oct)
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An explanation of the current banking system, through the game Monopoly (28 Oct)
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Lebanon bans moving large amounts of cash abroad amid bank runs (28 Oct)
Price & Trading
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A discussion on the effects of the next bitcoin halving on the price (17 Oct)
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LocalBitcoin’s weekly trading volumes since 2017 per country (20 Oct)
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A discussion on dollar cost averaging rather than timing the market (20 Oct)
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A discussion on the possibility that there may not be another price rally like in 2017 (24 Oct)
Fun & Other
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Someone teaches their child to talk about how the financial system is broken (7 Oct)
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Someone created a QR code to their bitcoin wallet out of Lego (9 Oct) and then donates the donations they got +$50 to The Water Project (10 Oct)
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A $917M bitcoin transaction (14 Oct)
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IRS follows bitcoin transactions to take down the largest child exploitation site on the dark web (17 Oct)
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Bitcoin has reached 40% of the average life expectancy of fiat currency of 27 years (18 Oct)
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Many different versions of Bitcoin Core on a full node (18 Oct)
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Someone gets 4 btc stuck in the Lightning Network despite warnings (23 Oct)
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A Google Trends comparison of Bitcoin and Blockchain (27 Oct)
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Tony Hawk will be speaking at Bitcoin2020 conference (30 Oct)
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Bitcoin’s whitepaper was released 11 years ago today (31 Oct)
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Friday, 8 November 2019
CoinText: ”Working on an ambitious new project we believe could be the killer app for #Bitcoin. P2P cash where users don't need to know anything about #cryptocurrency to use it.”
You can now buy the Ponzi Token on memo.cash. The purpose of this token is to extract value from naive people that struggle with basic math. Half of the BCH spend buying it will be airdropped to all the holders of the Ponzi Token.
How Efficient a Blockchain Can be
When we put together the points that are constantly being developed, we came to the conclusion that the application of blockchain can effectively prevent constant controversy and damage in our society.
It's a very urgent project at a time when the technology that develops day by day is being abused, causing a lot of damage.
That's what I think. We look forward to a safer and more comfortable world with our upcoming projects and the ever-evolving blockchain market.
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source https://www.reddit.com/r/btc/comments/dtb8kk/how_efficient_a_blockchain_can_be/
I wanna hear your crazy Bitcoin stories. What's the craziest thing you've ever done to get bitcoin?
Example: going into massive debt or selling one of your kidneys to buy during the bullrun of 2017.
I'll start: I carelessly took out a personal loan and maxed out my credit card to buy bitcoin. I won though because I weathered the storm and held, and I bought more. I have since paid off that debt and I still have my bitcoins which I am currently in the green on.
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For those that don't know, bchpls.io is an awesome point-of-sale app. SLP tokens compatible!
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Just wanted to throw it out there. [link] [comments] |
source https://www.reddit.com/r/btc/comments/dtalha/for_those_that_dont_know_bchplsio_is_an_awesome/
New shill narrative?: r/btc mistreats people.
Not sure if it is people conflating 'BTC' with 'bitcoin', but I have seen more than one post in the last day claiming that "this community" mistreats Bitcoin Cash supporters.
I guess a more charitable interpretation is that they know that bitcoin discussion no longer happens on r/bitcoin: so the bitcoin community as a whole has to come here to discuss bitcoin.
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source https://www.reddit.com/r/btc/comments/dt4470/new_shill_narrative_rbtc_mistreats_people/
Peter Schiff was wrong
I used to think Peter Schiff would come around once he had the inevitable light bulb moment but then 2013 came and went, 2014, 2015, 2016, 2017, 2018 came and went, and now even 2019 has passed him by.
It seems he is far too salty about the fact he passed on $10 bitcoin back in 2012 and would rather see bitcoin burn to the ground now than have it work and actually benefit humanity.
I've watched him grow from a middle aged man to a grandpa shouting at bitcoin the whole way, he will still be screaming that bitcoin is worthless on his death bed even if the whole world is using it.
He's holding onto gold as if he was the last person alive holding onto the horse and buggy industry.
I bet after all these years he still hasn't even taken the time to read Satoshi's whitepaper. Heck, he hasn't even sent a bitcoin transaction himself, he has only ever received donations to an antiquated paper wallet or used bitpay to receive dollars for gold sales.
Back in 2012 while misinformed and uninformed due to the lack of information available back then he decided it was a worthless scam, now he has too much pride to change his mind mainly because of all his followers that missed the boat listening to him deride bitcoin year after year. Even if he has had the inevitable lightbulb moment already he can't and wont admit it.
Peter, there is nothing wrong with admitting you were wrong, but there is something very wrong about continuing to convince your followers not to take bitcoin seriously. This is their future, and their future is more important than your pride.
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What should one know before investing in Bitcoins?
What should one know before investing in Bitcoins?
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Wallets that can spend a CLTV address after the timelock expires?
Are there any wallets that can spend a CLTV address after the timelock expires?
- Use
coinb.into create CTLV address to lock funds for a week. - Retrieve address
3thisisactlvadressfromcoinb.in(your CLTV address you created) - Send 0.01 BTC to
3thisisactlvadress - Wait a week.
- Import
3thisisactlvadressinto WalletX - Using WalletX send your 0.01 BTC to your HW wallet at
bc1thisismyhwwalletaddress.
Does WalletX exist? Doesn't Electrum still have a feature request open to add support for CTLV.
You can write you own spend TXN by hand I suppose... But most aren't down with that.
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Bitcoin Network Status Update Thursday, November 07, 2019
Status of the Bitcoin network as of Thursday, November 07, 2019 at 12:00:02 EST:
Total bitcoins: 18,034,271.044972
Height: 602,748
Difficulty: 13,691,480,038,694.449219
Statistics for the past 24 hours:
Number of blocks mined: 137
Total bitcoins output (amount sent): 1,457,696.874671
Total fees: 36.560789
Average time until block found: 10 minutes, 30 seconds
Estimated hashrate: 93,243,181,429.132721 gh/s
Current price: US$9,200.10
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /r/crypto_bot | Message my creator | Source code
[link] [comments]
I created a new token with a new bonus. The token drops Bitcoin Cash in your wallet EACH DAY! The first two users to comment on the specified memo.cash discussion forum receive an ADD token for free. Check here for this opportunity and learn of the nice bonus. Fun.
The image above details the drop schedule and a nice 55 million satoshi bonus coming next week.
Find and pick up your token(s) here:
https://memo.cash/token/254b141591705b8587f125bb1b08f6007236e3188a7266c8dabadf6435f64fe0?for-sale
Discussion is happening here:
https://memo.cash/topic/ADD+Token+%28Air+Drop+Daily%29
First two users to comment with 'kind words' in the above memo.cash discussion forum will receive an ADD token! A nice little game to bring more users to the memo.cash platform.
Drop a message/comment and let me know what you think, it is an innovative project (in my humble opinion)
Donate to the project here:
bitcoincash:qzx4vnymswmgwtnnq08q3su34j3untpvmv2fpv05tv
[link] [comments]
source https://www.reddit.com/r/btc/comments/dt7f3d/i_created_a_new_token_with_a_new_bonus_the_token/
NY Post Columnist Thinks Bitfinex is a Cryptocurrency
Absolute dullard John Crudele published this gem last night:
"Professors John Griffin of the University of Texas and Amin Shams of Ohio State said the manipulation was accomplished by using another cryptocurrency called Bitfinex. The study suggested that the people behind Bitfinex knew about the manipulation, although executives there have said the professors’ findings are hooey."
NY Post is one of the nation's largest newspapers, and Crudele is a syndicated columnist.
[link] [comments]
Thursday, 7 November 2019
Sold to a $15.3 million apartment bitcoin in New York.
U.S. real estate developer has sold a luxury apartment in New York worth $15.3 million using Bitcoin.
It is not the first time that the operator has traded real estate using bitcoin, and has previously revealed plans to use bitcoin as a means of payment.
Real estate transactions using bitcoin in the U.S. have been on the rise lately, with more than $3 million worth of homes in Manhattan, New York, and two homes worth $10 million sold in 2017.
Would you like to buy something with Bitcoin?
[link] [comments]
source https://www.reddit.com/r/btc/comments/dsu5or/sold_to_a_153_million_apartment_bitcoin_in_new/
millennials! take back your wealth, stay away from all other assets overpriced stocks, overpriced real estate, buy bitcoin instead
because of income equality, corrupt monetary system and corrupt politicians, millennials and the younger generations are getting poorer and poorer,
we are running out of options, and really only investments that boomers have is overpriced housing
they are expecting us to purchase these even if it means becoming house broke, and working for a house all your life
whatever money you have left at the end of your work month, drop some in bitcoin,
bitcoin has the potential to crash the housing market and change the world for the better
stand up and rise, spread the word,
lets take back our wealth and world because the boomers won't
[link] [comments]
Wednesday, 6 November 2019
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Crypto is pretty much the only reason I used Reddit anymore, and I'd like to stop using this website. submitted by /u/TheTruthHas...
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submitted by /u/FearlessEggplant3036 [link] [comments] source https://www.reddit.com/r/btc/comments/12gt49l/supposedly_insiders_in_t...
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submitted by /u/KillerHurdz [link] [comments] source https://www.reddit.com/r/btc/comments/a6bm9y/discussing_bitcoin_power_dyn...
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