Saturday, 20 June 2020

Elon Musk Bitcoin vanity addresses used to scam users out of $2 million

Elon Musk Bitcoin vanity addresses used to scam users out of $2 million submitted by /u/john217
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Merkle Tree. Why is it crucial for Bitcoin?

Merkle Tree. Why is it crucial for Bitcoin? submitted by /u/AzuHedon
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source https://www.reddit.com/r/btc/comments/hcipai/merkle_tree_why_is_it_crucial_for_bitcoin/

im lost

i really have faith in the bitcoin cash project and My dad recently lost his job and lost his car idk wtf to do. i really wanna do anything i can to help i already sold my xbox n shit so i can't do much more (i'm like 14 so i cant get a job) so i know im begging but anything would help. ill try my fucking best to get btc back for anyone.

Bit- bc1qmcg87reys4s3qed5ua5nk6tyzvvgz9mrvkf4x0

submitted by /u/6lucidrop9
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source https://www.reddit.com/r/btc/comments/hcj81h/im_lost/

Crypto-Project with real application for Affiliate Marketing / Rewards

Hello community - I wonder if there is a REAL project out there which properly facilitates a crypto-token for Affiliate Marketing or Rewards/ Loyalty payments?

I know there are many useless projects/ platforms out there, and also to actually create an reward token economy with the right supply <> demand is not easy... Hence my question - any solid project out there yet?

Thanks in advance

submitted by /u/DanChr79
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source https://www.reddit.com/r/btc/comments/hcj2pc/cryptoproject_with_real_application_for_affiliate/

Why is it like this? Did I lose my money?

I tried to buy some gift cards online and I see they accept bitcoin at a discount. I went to Bitcoin.com and thought I bought Bitcoin but it turns out I bought something called “BCH”, sent it, and now my money is lost somewhere.

Why would bitcoin.com trick me into buying some other coin? Is this normal or ethical? Can I get my money back somehow?

Thanks for your help.

submitted by /u/Kickboks
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source https://www.reddit.com/r/btc/comments/hcio8v/why_is_it_like_this_did_i_lose_my_money/

CSW's Uncle Don (order of Australia) says under oath that he mined Bitcoin on a powerful laptop for most of the first year.

submitted by /u/BitcoinCashKing
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source https://www.reddit.com/r/btc/comments/hci86c/csws_uncle_don_order_of_australia_says_under_oath/

Only 19% of mined Bitcoin is being traded, report claims

Only 19% of mined Bitcoin is being traded, report claims submitted by /u/Decrypt_media
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An increasing number of people trust Bitcoin over big banks, says survey

An increasing number of people trust Bitcoin over big banks, says survey submitted by /u/TeslaWatt
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When you put your whole life savings in BTC below 9000

When you put your whole life savings in BTC below 9000 submitted by /u/ReedThompson9
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Visualizing Lightning Network Wallets Architecture

Visualizing Lightning Network Wallets Architecture submitted by /u/NimbleBodhi
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How many of you mainly use a hot wallet?

I understand the benefits of getting a hardware wallet, and I plan on getting one eventually, but for those of you that don't hold a massive amount of crypto, do you feel comfortable just using a hot wallet?

submitted by /u/Adalwolf311
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source https://www.reddit.com/r/btc/comments/hcgknf/how_many_of_you_mainly_use_a_hot_wallet/

Beware of RBOptions

Like many others, I was contacted by the broker in 2019, and despite the fact I didn't have any knowledge about financial markets, got convinced by Peter Oaks, that I'll have all his assistance in order to make successful trades. Alright, sounds good, why not to try?

After putting a large amount on my account, ive watched how my balance would go higher and higher. Ofcourse seeing this proof of how im good at it, my manager Peter made me invest more over 35,000 Euro. I made payment using my credit cards. After a couple weeks of such magnificent trading, my account ended up over 95,000 Euro. An excellent opportunity to file a withdraw, no? No!! They released only 12,000 in order to trick me invest more 100,000. I didnt have such money at the moment and I was put on hold. Weeks after nobody would even answer my calls or my emails. It became very clear, that Ive become a victim of a huge and shameless scam. Time passed by and I was growing disappointed and very angry with my own naive.

I had paid Birman Law 10% of my principle loss with nothing to show for it, I think the algorithm of these programs are designed for us to lose money in some way. If you flushed your money down the toilet with a binary broker then just learn your lesson, it took me 3 months to figure out how to get my money back after made failed attempts; I contacted several lawyers but it was all waste of time and money, they couldn't render an inch of help. I later came across a certified binary options recovery Company through a family member , I was able to hire their services to recover my money within 15days from the brokers(RB options), You can google Instant Funds Recovery {instantfundsrecovery (c0m) } to file a complaint just in case you find yourself in same situation; I can assure he would be able to help you just as he helped me. Be cautious of where and how you invest

submitted by /u/janereeves
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source https://www.reddit.com/r/btc/comments/hcg1f6/beware_of_rboptions/

This video lead to me to start holding. Lead to me looking into this space and realizing that all price predictions are conservative when you realize 500 trillion in value is opening up to Bitcoin via institutional market adoption growing

This video lead to me to start holding. Lead to me looking into this space and realizing that all price predictions are conservative when you realize 500 trillion in value is opening up to Bitcoin via institutional market adoption growing submitted by /u/FinanceOwn
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Seems like BCH community will experience similar or likely a worse situation the future.

submitted by /u/willedandagreed
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source https://www.reddit.com/r/btc/comments/hcffx3/seems_like_bch_community_will_experience_similar/

BTC scam running on YouTube

(not going to link it) but iv seen this exact same scam popping up on my recommendations almost everyday for weeks. I watch spacex news/launches thats why this is in my recommendations .

I dont even know how this is working, i just saw one now,flagged it as a scam,refreshed it a few mins later and it said account was terminated.

Heres what i cant understand, like todays and most days(not all) the channel name was "Spacex"(no checkmark),had wrong cover photo and thumbnail ,had 1.4Million followers but when you look at the video list theres only 2 with like 1k views each , live stream had been running for an hour before it was taken down and had 70k people watching.

The scam is basically a past press conference with Musk in one window and on the other window says "musk BTC giveaway" kinda thing..if you send xxx BTC we will send you back double.

Most times the channel name is just "SpaceX", sometimes different like "NASA".. but always has 1million+ followers and only a couple or sometimes no other videos on the channel ....HOW???

EDIT: my only theory is they buy subscribers,i guess its possible to name your channel the same as another popular channel,hope it stays up long enough to gain enough viewers and scam lots of people before its taken down?..repeat?

submitted by /u/Euro-Canuck
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source https://www.reddit.com/r/btc/comments/hcbnsr/btc_scam_running_on_youtube/

Saying the Bitcoin market will not change when 500 Trillion in institutional market value opens to being able to buy Bitcoin is like saying Bitcoins 2013 buying limited market would not change in 2020 when more gateways opened to Bitcoin

Saying the Bitcoin market will not change when 500 Trillion in institutional market value opens to being able to buy Bitcoin is like saying Bitcoins 2013 buying limited market would not change in 2020 when more gateways opened to Bitcoin submitted by /u/RedditorFrom2053
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So my wife thought I wrote her a love letter..

I came into the room with my Trezor and a piece of paper.. I proceeded to explain to her how to access my digital assets with detailed step-by-step instructions written on the piece of paper. I explained that if anything were to ever happen to me, she would need to understand this in order to retrieve the money should she ever want to cash out after I'm gone. After about 10 minutes of me explaining she sighs deeply and said.. "Oh.. I thought you wrote me a love letter..".

Damn.. I thought this WAS a love letter. Oh well.

submitted by /u/Galactic_Acid_
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Bitcoin solves this problem. Be your own bank.

Bitcoin solves this problem. Be your own bank. submitted by /u/RudeTurnip
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Smart savers build stronger families. Find stability, emotionally and financially, with our help 😉 Contact us now, and we will help you reach your financial goals.

Smart savers build stronger families. Find stability, emotionally and financially, with our help 😉 Contact us now, and we will help you reach your financial goals. submitted by /u/Miningpro143
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source https://www.reddit.com/r/btc/comments/hcdte9/smart_savers_build_stronger_families_find/

Venezuela update. 475 BTC were traded last week using Localbitcoin (down from 537), that is 918,673,000,000 Bs. In both ways (Bs. to BTC and BTC to Bs.). One BTC 1,850,000,000 Bs. Monthly minimum wage is 5 USD.

Hi guys,

Remember Venezuelan "living" here.

As I always say, it is steady 2000 BTC monthly (only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on)

Finally, goverment increased the price of the gasoline. Now one litre is 50 USD cents (one gallon is 1.9 USD). Old price was: 1 litre of gasoline = 0.0000000003 USD.

As the wages are that low, you have a subsidized amout of 120 litres monthly (120 litres for 3 USD).

People always ask what the the average salary, not the minimum. Well I would say around 20-50 USD monthly. One doctor is around 30 USD. Teacher around 20 USD. Junior engineer maybe 50 USD (The engineers collegue "suggests" around 200 USD monthly, but it is hard to find a place with these wages)

Any question let me know, AMA. But check my links and sources first.

Sources:

https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

https://coin.dance/volume/localbitcoins/VES/BTC

LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

submitted by /u/WorkingLime
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Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings

Ernst & Young Launches Application to Help US Crypto Investors With Tax Filings submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/hccdta/ernst_young_launches_application_to_help_us/

If ETH 2.0 succeeds, what is the place for BCH then?

I've been a fan of both BCH and ETH for a long while.

ETH is being used like crazy and the gas prices have been going up. It seems ETH can do everything BCH can plus a lot more.

So if ETH gets scaling (which they've been talking about since 2015, so it's a big IF), what's the role for BCH in the world then? I'm somewhat skeptical they will get the scaling to work, but thinking through the possibilities that it will happen.

submitted by /u/ericreid9
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source https://www.reddit.com/r/btc/comments/hcc0v6/if_eth_20_succeeds_what_is_the_place_for_bch_then/

Holders Gather 233K BTC This Year, While Bitcoin Cash Savers Outshine Composition by Time Held

Holders Gather 233K BTC This Year, While Bitcoin Cash Savers Outshine Composition by Time Held submitted by /u/jamieBitcoinDotCom
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source https://www.reddit.com/r/btc/comments/hcbnvh/holders_gather_233k_btc_this_year_while_bitcoin/

Friday, 19 June 2020

Explaining DIGIBYTE Currency

Explaining DIGIBYTE Currency submitted by /u/doomlol96
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source https://www.reddit.com/r/btc/comments/hbwhhi/explaining_digibyte_currency/

New here. Not Lambo but my bitcoin got me these. I think they call it diversified.

New here. Not Lambo but my bitcoin got me these. I think they call it diversified. submitted by /u/BullionRepublic
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WizSec: The 80,000 stolen MtGox bitcoins

WizSec: The 80,000 stolen MtGox bitcoins submitted by /u/nikuhodai
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It was all a Distraction

It was all a Distraction submitted by /u/chonkerfarm
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source https://www.reddit.com/r/btc/comments/hbwbvl/it_was_all_a_distraction/

Bolton: Trump told Treasury secretary to 'go after' Bitcoin

Bolton: Trump told Treasury secretary to 'go after' Bitcoin submitted by /u/MichaelTen
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source https://www.reddit.com/r/btc/comments/hbw7f9/bolton_trump_told_treasury_secretary_to_go_after/

Bitcoin Whale Moves $369 Million In Bitcoin For Less Than $1 In Fees

Bitcoin Whale Moves $369 Million In Bitcoin For Less Than $1 In Fees submitted by /u/areddituser46
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source https://www.reddit.com/r/btc/comments/hbvthh/bitcoin_whale_moves_369_million_in_bitcoin_for/

Bitcoin Core Developer Amiti Uttarwar Receives $150K Grant from BitMEX and OKCoin

Bitcoin Core Developer Amiti Uttarwar Receives $150K Grant from BitMEX and OKCoin submitted by /u/ChinnyBeneath
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What is Bitcoin halving [ALL YOU NEED TO KNOW]

What is Bitcoin halving [ALL YOU NEED TO KNOW] submitted by /u/dilshanfdo1995
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source https://www.reddit.com/r/btc/comments/hbv9d6/what_is_bitcoin_halving_all_you_need_to_know/

Last time I booted up this phone Bitcoin was $436 F in chat

Last time I booted up this phone Bitcoin was $436 F in chat submitted by /u/ChinchillaMan69
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Can someone explain how this scam has been going on for weeks,hopping channels

Can someone explain how this scam has been going on for weeks,hopping channels submitted by /u/Euro-Canuck
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source https://www.reddit.com/r/btc/comments/hbuke3/can_someone_explain_how_this_scam_has_been_going/

Earning Bitcoin While Playing Video Games Is What Guys Really Want

Earning Bitcoin While Playing Video Games Is What Guys Really Want submitted by /u/Bitcoin_Magazine
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Have the masters turned off sockpuppets?

First time in years where the frontpage of /r/btc isn't the same 4 accounts spamming things to keep everyone singing from the same sheet.

submitted by /u/BITCOIN4L4f3
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source https://www.reddit.com/r/btc/comments/hbtbbj/have_the_masters_turned_off_sockpuppets/

Grant for Bitcoin core developer

Grant for Bitcoin core developer submitted by /u/N0tMyRealAcct
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source https://www.reddit.com/r/btc/comments/hbtasw/grant_for_bitcoin_core_developer/

[Question] Looking for a place online that I can buy a gun

Is there any online store that i can buy a gun with Bitcoin cash or some other crypto currency?

I knew of one years ago but i can't find it again.

submitted by /u/babyrage2
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source https://www.reddit.com/r/btc/comments/hbshuu/question_looking_for_a_place_online_that_i_can/

Be careful, big scam happening on Youtube Live...

https://www.youtube.com/watch?v=vZDXMABXx2g

Elon musk BTC scam, why wont youtube shut it down??????? ive reported this like 20 times already, they do nothing.

submitted by /u/Arkiteko1
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source https://www.reddit.com/r/btc/comments/hbsfb4/be_careful_big_scam_happening_on_youtube_live/

Bitcoin must be also good for people living in rural areas. Do you know any good examples of farms or villages using Bitcoin?

Bitcoin must be also good for people living in rural areas. Do you know any good examples of farms or villages using Bitcoin? submitted by /u/ChangeNow_io
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Adoption Outreach Ideas for Open Source Projects that needs donations

Adoption Outreach Ideas for Open Source Projects that needs donations submitted by /u/Damascene_U
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source https://www.reddit.com/r/btc/comments/hbreky/adoption_outreach_ideas_for_open_source_projects/

Trivial: You know a troll, in the language of the Faroe Islands ...

Is

TRODL

No importance. Downvote an move on.

submitted by /u/ErdoganTalk
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source https://www.reddit.com/r/btc/comments/hbr1vx/trivial_you_know_a_troll_in_the_language_of_the/

Bitcoin to $150,000 in the next bull run? Pattern inside.

I've found an interesting pattern in this article. What do you think?

As if on cue, from 2009 to 2012, 2013 to 2016, and 2017 to 2020, bitcoin rose to its peak, falls down hard, recovered roughly to the mid-point of the previous peak before the next halving event and then rose to its next peak.

Here is a quantitative summary of the key figures:

Peak 1 at $32 and halving (2012) at $12.5, or 39% of prior peak.

Peak 2 at $1,179 and halving (2016) at $665, or 56.5% of prior peak.

Peak 3 at $19,764 and halving (2020) at $8,977, or 45.5% of prior peak.

Taking a closer look at these figures highlights another trend few others have noticed.

The ratio of Peak 1 to Peak 0 (50 cents in 2010) is 32/0.5 = 64.

The ratio of Peak 2 to Peak 1 is 1,178/32 = 36.81.

The ratio of Peak 3 to Peak 2 is 19,764/1,178 = 16.77.

Each new ratio is roughly one half of the previous one. This implies the next peak for bitcoin could be 19,764 times 8, or $158,112.

submitted by /u/cecil_X
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Bitcoin was built to solve this

Bitcoin was built to solve this submitted by /u/coinsmash1
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Keep your eyes on the prize: the goal is monetary reform

Keep your eyes on the prize: the goal is monetary reform submitted by /u/micropresident
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source https://www.reddit.com/r/btc/comments/hbpy0v/keep_your_eyes_on_the_prize_the_goal_is_monetary/

BCH Games

I saw this on r/ethereum today and it reminded me of this post I made a year ago. Has there been any new games announced that run on BCH? Is anyone working on something they'd like to hint at? I still think a good video game could do wonders for adoption. Transaction fees would handle a sudden influx of new users...so where are the games? Seems to me that it's a ripe opportunity.

submitted by /u/CuriousTitmouse
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source https://www.reddit.com/r/btc/comments/hbpujc/bch_games/

‪The Holder's Rest‬

‪The Holder's Rest‬ submitted by /u/TheCryptomath
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Thursday, 18 June 2020

We just launched and need feedback from crypto-community! The platform for cryptocurrency focused on decentralized empowerment and socially conscious growth!

We just launched and need feedback from crypto-community! The platform for cryptocurrency focused on decentralized empowerment and socially conscious growth!

https://preview.redd.it/re3bkxw2km551.jpg?width=1280&format=pjpg&auto=webp&s=5dcf04a53b546f9ecf54857a4655f0333f9e988a

Right now cryptocurrency over the counter OTC is available only to high net worth individuals with some having minimum transaction requirements as high as $250,000 per trade. Such organizations are behind the social curve, they are not diverse and are not inclusive of everyone in the global crypto community. Our vision at EOG is for everyone to trade crypto decentralized peer to peer, and we need feedback from the community to improve our platform!

At Executive OTC Group (EOG) our peer to peer OTC platform for cryptocurrency is open to everyone, no minimums, no upper limits. Our MVP currently supports Bitcoin, Ripple, Ethereum, as well as ERC20 crypto, coins, and tokens built on Ethereum blockchain. We use Tether stablecoin as our primary settlement currency, we are adopting other stablecoin APIs, and are at the forefront of research into Open Bank API integration.

Unlike mainstream Bitcoin Exchanges, at EOG we never hold your fiat money and we never hold your crypto. We use programmable smart contracts settlement, completely eliminating counterparty risk and reducing settlement times from 5 to 7 business days to just 3 to 5 minutes! Decentralized crypto trading is here, join our LinkedIn group to learn more about blockchain, cryptocurrency, and fintech.

EOG mobile smartphone MVP is publicly available in sandbox environment with virtual trades at https://www.eogotc.app (\use your* mobile smartphone and Google Chrome browser).

We would like YOU to try out our platform. Complete one (1) virtual trade, and provide feedback to us on LinkedIn.

If you are trading or investing in cryptocurrency and you share our values of integrity, diversity, and fierce inclusion of everyone in the global cryptocurrency community, check out our website, reach out to us directly at info@eogotc.com, and Let’s talk about cryptocurrency! #eogotc

Contact us at any time, Vlad Shaposhnikov (Founder & CEO) LinkedIn, Igor Zaritskyi (Director Business Development) LinkedIn.

submitted by /u/Klutzyeal
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source https://www.reddit.com/r/btc/comments/hbac4p/we_just_launched_and_need_feedback_from/

Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance

Wisdomtree Files ETF With 5% Bitcoin Exposure Amid SEC Resistance submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/hbalyr/wisdomtree_files_etf_with_5_bitcoin_exposure_amid/

Update on the Norwegian crypto kidnaping case: The dialogue that took place using the BTC blockchain located and decoded

Update on the Norwegian crypto kidnaping case: The dialogue that took place using the BTC blockchain located and decoded submitted by /u/dagurval
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source https://www.reddit.com/r/btc/comments/hbaah1/update_on_the_norwegian_crypto_kidnaping_case_the/

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/hb9n89/bitcoin_mining_heats_up_high_difficulty/

IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt

IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/hb9mz1/irs_tells_couple_with_7_million_in_bitcoin_to/

Smoke a joint every time BTC goes past 9420

Edit: Im high

submitted by /u/entpia
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The printing press was invented in 1440. In 1694 the first fiat currency was created. People probably looked at it the same way they looked at bitcoin. wtf is this new form of currency.

what change brought them to accept it? aside from the goverment telling them to

submitted by /u/dancingbearstonks
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Cryptography in Bitcoin: How to Create an Address with C

Cryptography in Bitcoin: How to Create an Address with C submitted by /u/nickfarrow
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source https://www.reddit.com/r/btc/comments/hb86ab/cryptography_in_bitcoin_how_to_create_an_address/

Land Rover referencing the bitcoin network in its twitter adds.

Land Rover referencing the bitcoin network in its twitter adds. submitted by /u/mac_cain
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Next time it goes off a cliff you're going to have all eyes on you Coinbase

Next time it goes off a cliff you're going to have all eyes on you Coinbase submitted by /u/Dr_H-Quinzel
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source https://www.reddit.com/r/btc/comments/hb7pfv/next_time_it_goes_off_a_cliff_youre_going_to_have/

Who Funds Bitcoin Development? BitMEX Research 28 Mar 2020

Who Funds Bitcoin Development? BitMEX Research 28 Mar 2020 submitted by /u/mishax1
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What is a trading bot Crypto?

Crypto trading bots are automated computer programs that buy and sell cryptocurrencies at the right time. Its only objective is to generate the highest possible profit for its users. The way they do this is by continually monitoring the market and reacting according to a set of predetermined rules.

submitted by /u/cryptobotscoupon
[link] [comments]

source https://www.reddit.com/r/btc/comments/hb6v51/what_is_a_trading_bot_crypto/

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China

Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China submitted by /u/JonyRotten
[link] [comments]


source https://www.reddit.com/r/btc/comments/hb5z61/bitcoin_mining_heats_up_high_difficulty/

Boomers are buying Bitcoin now? OK

Boomers are buying Bitcoin now? OK submitted by /u/LibertyMango
[link] [comments]


Blockstream is not as dominant as I had thought. It seems as if they are just the popular boogey man

Blockstream is not as dominant as I had thought. It seems as if they are just the popular boogey man submitted by /u/N0tMyRealAcct
[link] [comments]


source https://www.reddit.com/r/btc/comments/hb4ibj/blockstream_is_not_as_dominant_as_i_had_thought/

Learn about the Nodl's Bitcoin full nodes in an AMA with the lead team Ketominer and Askuwheteau live on YouTube Thursday 6/18/20, 12pm PST/7pm UTC 👇link below

Register for the meet up here 👇https://www.meetup.com/oc-btc/events/271281086/

submitted by /u/Heady_Wook
[link] [comments]

source https://www.reddit.com/r/btc/comments/hb498d/learn_about_the_nodls_bitcoin_full_nodes_in_an/

Wanted to show Trezor some love (and on the way to running a full node) - I'm one of those idiots who held Bitcoin on RH

Wanted to show Trezor some love (and on the way to running a full node) - I'm one of those idiots who held Bitcoin on RH submitted by /u/stacksatshodlgang
[link] [comments]


Sound money in the hands of many

Bitcoin Cash BCH (for everybody), sound money which is good for saving, borderless, no questions asked, easily protected and hidden, quick, cheap and reliable transactions, non custodial, teleportable, unstoppable, cash.

The root cause of many problems in the world is the bad money, including usd. Using sound money like gold, silver, and now also the more practical bitcoin cash, can mitigate some of it, if it comes in the hands of many. Since it is also an advantage to the individual using it, it has the potential to be spread far and wide.

Therefore you should know about it, and try a few payments with a friend.

submitted by /u/ErdoganTalk
[link] [comments]

source https://www.reddit.com/r/btc/comments/hb3oy4/sound_money_in_the_hands_of_many/

Thoughts on the Coming Bitcoin Cash Fork

Thoughts on the Coming Bitcoin Cash Fork submitted by /u/richze90
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source https://www.reddit.com/r/btc/comments/hb3gru/thoughts_on_the_coming_bitcoin_cash_fork/

Pavel Durov (Telegram CEO): “Apple and Google impose an insane 30% sales tax on all digital goods sold on every mobile phone in the world. The result – users pay higher prices, start-ups and entire industries get destroyed or never appear. Regulators have been ignoring this absurdity for 10 years”

Pavel Durov (Telegram CEO): “Apple and Google impose an insane 30% sales tax on all digital goods sold on every mobile phone in the world. The result – users pay higher prices, start-ups and entire industries get destroyed or never appear. Regulators have been ignoring this absurdity for 10 years” submitted by /u/Egon_1
[link] [comments]


source https://www.reddit.com/r/btc/comments/hb360a/pavel_durov_telegram_ceo_apple_and_google_impose/

BCH logo: Actually, my only gripe is with the rectangle. It looks bad literally everywhere it is used. Every coin list that uses it makes our logo look worse than every other on the page, because everyone uses circle/square to use the most available space in the mask.”

BCH logo: Actually, my only gripe is with the rectangle. It looks bad literally everywhere it is used. Every coin list that uses it makes our logo look worse than every other on the page, because everyone uses circle/square to use the most available space in the mask.” submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/hb33ds/bch_logo_actually_my_only_gripe_is_with_the/

Portuguese kids aged 6-7 learning about Bitcoin in public education system

Portuguese kids aged 6-7 learning about Bitcoin in public education system

Check this out:

Due to Covid-19, kids in Portugal aged 6-7 are learning from home with video classes transmitted via national television.

This is the math class of today, where they are learning about money:

Video class, from 3:19:
https://www.rtp.pt/play/estudoemcasa/p7130/e478429/matematica-1-e-2-anos

https://preview.redd.it/xd64yj0xpi551.jpg?width=1080&format=pjpg&auto=webp&s=fa4d82cd96134d6cffe3b9ea56d9e64492def45e

submitted by /u/80tiagolopes
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The end of money as we know it ... very informative documentary

The end of money as we know it ... very informative documentary submitted by /u/Dawn0fDusk
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Wednesday, 17 June 2020

ReadCash drifting away from free market economy...

ReadCash moved from a free market strategy to a socialist approach to increase the overall happiness using a fund. The result was that talented writers left the platform and inexperienced content creators took their place. There are lots of valuable insights to learn from this approach.First is that if you introduce a system of incentives, you should think deeply about the concept of "work" for that incentives as well. Your work should naturally cost less than the incentive, but if it cost way less you are encouraging unnatural activity from bad actors. Also you should make sure no one can fake the work. That's what makes Proof Of Work in Bitcoin special and making something similar to that is not easy.

Second is that, if you intervene with the free market, you get into a constant battle of balancing things that were balanced naturally. Think about all the time they spent on removing the spammers, banning those who game the incentives and recently stopping upvote groups.They could have spent all that time on building features and amazing user experiences. A centralized effort to balance the distribution of value is never ending. Simply because there is no grounds on what's valuable to the collective of users. There could be only assumptions.

I don't mean to show any negativity towards the team working hard behind this amazing website. I really appreciate their work. It was just an interesting "personal" insight for me about what's happening there and I hope they find the right solution before it's too late.

submitted by /u/p0ok3r
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source https://www.reddit.com/r/btc/comments/hamqw0/readcash_drifting_away_from_free_market_economy/

Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth

Will India Ban Crypto? 5 Exchange Executives Shed Light on the Truth submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/hancou/will_india_ban_crypto_5_exchange_executives_shed/

A Comprehensive Beginner's Guide on Bitcoin and Crypto Futures

A Comprehensive Beginner's Guide on Bitcoin and Crypto Futures submitted by /u/bdinu89
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source https://www.reddit.com/r/btc/comments/han0w6/a_comprehensive_beginners_guide_on_bitcoin_and/

Send Bitcoin Cash to the mailbox

submitted by /u/arslanbajwa
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source https://www.reddit.com/r/btc/comments/hamti1/send_bitcoin_cash_to_the_mailbox/

Seeing what is happening with BTC, it's obvious what's going to happen in the future of crypto (MMW)

From the shift in narrative of what Bitcoin really was intended to be, to intentionally keeping the blockchain expensive to suit this narrative, it has made me come up with a few "predictions" about what is going to happen in the future of Bitcoin and Bitcoin Core. Seeing as this narrative needs to be maintained, here's what I personally think will happen in the near future of BTC:

  1. The fees will start to get expensive, as expected (this is a given if a bull-run happens, or naturally as more users join the network). As a response to this, not only will r/Bitcoin promote the Lightning Network, Cashapp (owned by Jack Dorsey) will completely cover transfer fees at a loss, so that this looks like a non-issue from the outside.

  2. After the Lightning Network gets promoted, there will be a significant number of routing issues as a larger user base tries to use it. All discussion about the high on-chain fees and routing issues will be completely censored from r/Bitcoin so that the public opinion on Bitcoin can be manipulated and maintained.

  3. Eventually people will accept the shortcomings of the Lightning Network as a "small price to pay" for the most secure currency, and this narrative will be maintained on r/Bitcoin, with the premise that "having a few routing issues with transactions is a small price to pay for the most secure network, and the future of money".

  4. As a workaround for these routing issues, eventually Lightning Hubs will form. Cashapp, LNBig.com (which is also already centralizing the network), Blockstream, and Lightning Labs will be the main nodes to go to for liquidity. Obviously, nobody is going to provide great liquidity for free, so this will lead to higher fees because it is a great way to profit. This business model will lead to fees based on percentage (instead of being flat), as the argument behind it will be the greater the funds, the greater the risk.

  5. Effectively because of this, Bitcoin will just become PayPal 2.0. It will still be on CNBC, and the price will be high, but that's all people are going to focus on, price. The market will continue to stagnate sideways continuously, and CNBC will treat it like a stock. People can use Bitcoin, but it will require KYC, and instead of being cheap, it will be the new bank where instead of paying bank maintenance fees, people will pay channel maintenance fees for using Lightning Hubs.

After all this, I also expect that Bitcoin will be accepted as a payment option just like Visa and Mastercard because KYC is still required so the government, and regulators won't be afraid of it. It will have fees just like any other payment processor, but the demand for it on deep web markets will diminish for obvious reasons. Monero will be in demand for those purposes, and for obvious reasons. I suspect that the price will perpetually (and intentionally) be kept sideways.

submitted by /u/1MightBeAPenguin
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source https://www.reddit.com/r/btc/comments/hamdmk/seeing_what_is_happening_with_btc_its_obvious/

Please somebody help... I've a about given up.

Back on april 2nd I was sending some btc to a friend of mine.. I decided to send the crypto through coinmixer..

This is where my ordeal bagan.. right away I make a mistake I sent .019 to coin mixer but the participation required me to send .019345 in order to cover the fee.. I then send the remaining money hoping it will release or send it back.. nothing, .019 is now frozen..

I get to work on trying to contact coinmixer support..I've send more emails and other avenues of communication and to this day months later I have yet to receive even a bullshit where looking into it response... please someone this is not a small amount to me.. please

submitted by /u/wwpurdy
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source https://www.reddit.com/r/btc/comments/hamc2q/please_somebody_help_ive_a_about_given_up/

Wasabi Research Club #19 - CoinSwap

Wasabi Research Club #19 - CoinSwap submitted by /u/nopara73
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