5 years ago, I started my journey with Bitcoin.
I was encouraged to buy. I was reluctant. About 0.5 BTC was gifted to me by my friend. He said I should keep it and see how it feels.
Who knows that what he gave me would ever worth $15,000?
I'd love to see this so much. I could hold BTC and ETH without the $10-80 fees!
I wish bitcoin.com or some other friendly exchange would do this already because only an exchange can.
does anyone here actually have a plan to sell at some point?
models like s2f which if followed to their conclusion will have bitcoin worth more than all the real estate in the world in not too long a time. There is absolutely no way this will or can happen, the utlity value of real estate is always gonna be worth more than something like bitcoin. so there is no way this model or similar models can be accurate.
ok lets say bitcoin completely replaces the entire banking system and gold (which it wont replace either ever, but for arguments sake lets say it 100% replaces them)..... im gonna round up that value to $20 trillion.
which rounding up again is 1 million USD per bitcoin. is that the kind of number everyone here is waiting for?
i have purchased bitcoin 3 times starting in 2013 and sold out completely 3 times. my last purchase was earlier this year at approx $6 XXX
the most worrything thing to look at if you are long is how many wallets are worth more than 1 million USD vs say 6 months ago. the number is insanely larger, like 3x. at some point, there is going to be intense pressure for these millionaires to cash in. you can live in a brand new house your bitcoin buys and pass that on to your family for generations, you cannot live in your bitcoin.
does the sell pressure happen at 30k? or 250k? i dont know.... im all ears on that one.
I've bought bitcoin in the past but immediately used it to purchase things. This time I'm holding on. Excited to see where it takes me.
Since there are many people sharing their bitcoin stories, I want to share mine.
I learned about bitcoin from a coworker soon after starting a position at NASA Goddard in early 2017, where worked to manage weather satellite algorithms. He had been using some old GPUs to mine in his basement, and showed me the genesis block, hash functions, and live blockchain transactions as they came over the network. It was clearly a side-project for him, but I began taking my own interest in it when I came home from work.
It was my first job after grad school, and I had just finished setting up my 401K benefits when I decided to buy a little bitcoin as well. I figured that if public markets were theoretically the most intelligently priced, bitcoin must have a lot of potential, because it was the freest market imaginable. This came at a time of living in the DC area and an exposure to national politics and spending time writing a personal novel downtown after work when I didn’t have many connections. I learned about quantitative easing, fiscal policy, and the move off the gold standard. It further solidified my bitcoin obsession and I wound up on Poloniex from the June 2017 altcoin season. Of course, I was a newbie and lost just as much as I gained. In the end I realized all I cared about was increasing my BTC (and EOS position at the time). Back then it was and still is only a moderate amount.
After that, I held until the end of the year when I sold a bunch of BTC and paid off my car. But all along I knew it was a short term top, so my obsession continued. I ended up leaving my job at NASA to find a blockchain group where I could use my software engineering skills. I did indeed find a healthcare startup, but didn’t have the web experience to contribute much to the team.
Last year my primarily financial obsession with Bitcoin changed, when I slowly formulated an idea. I was and still am obsessed with blockchain (eosio in particular), and I found some place to feel at peace with the price swings and missed opportunities margin trading. Applying my knowledge and understanding of climate, I started a company to launch weather balloons in West Africa to collect weather data and reward students with digital currency. I learned about micro-controllers, IoT, web development, and 3D printing and made my prototype ideas a reality. I feel compelled to do this, because I believe there are only a handful of people that have the technical background in weather, software, and climate to found a company like this.
Two months ago a press release by CoinDesk was shared on NASDAQ’s website.
Even though my BTC stacks are only moderate, I don’t feel as though I’m missing an opportunity by not leveraging long on an exchange, because I see my project as a Call option on crypto in general.
Maybe there’s someone else out there that feels guilty about not leveraging their own BTC to make even more profit. If that’s case, I encourage them to get creative and use their own background to improve or change society in one way or another. After all, we all come from different places and can bring something new to the table.
Happy New Year everyone! Just like many of you, I started investing in Bitcoin this past year. I actually started about a week ago (a couple days before Christmas). I didn’t know anything about cryptocurrency prior to that. I’ve been reading several different posts and learned that Bitcoin was once less than a $1. Now it’s $29K. My mind was blown 🤯. I must have been living under a rock or something. I initially invested $1500 and plan on investing around $500 a paycheck. I was excited to see that it quickly went up by $500. I’m still learning and researching.
So am I too late? Should I hodl? (I just learned that term)
CashFusion makes Bitcoin Cash a privacy coin. Over 2.5 Million BCH has already been made more private using CashFusion!
Make sure to spin up Electron Cash 4.2.3 today and get that liquidity flowing =) The more people using CashFusion at once, the more Fusions happen, and the larger your "anonymity set".
New to CashFusion? No problem, getting set up is pretty easy =)
First, download the Electron Cash desktop wallet. It's got CashFusion built in.
Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper), then activate CashFusion by clicking the icon in the lower right: Hundreds of thousands of BCH have already been Fused. https://i.imgur.com/DXEPLtf.png
Once it's activated, your wallet will start "fusing" the Bitcoin Cash it contains. Fusions happen over time as their own, separate transactions, and only cost you the network transactions fees (less than a penny). Each fusion transaction will include some of your coins*, so it will take multiple fusion transactions before all the coins in your wallet will be fused. (In the View menu, toggle the "coins tab" to see all of the coins in your wallet. In the "Label" field, fused coins will show CashFusion info.)
Currently, Electron Cash keeps fusing your coins indefinitely. The plan is to eventually allow you to stop fusing automatically after some number of fusions per coin but, until then, there's no downside to leaving it to fuse continuously besides paying the transaction fees. (Every fusion gives you that much more privacy, while also providing "liquidity" for other fusers.)
Electron Cash does not yet prevent you from spending un-fused coins, nor does it prefer fused coins when spending, so it's probably best to leave it fusing and keep your whole wallet fused, and/or pick your coins manually from the Coins tab. If you want that coin-management taken care of for your (and/or you're not comfortable picking coins to spend from the Coins tab), you can always switch back to CashShuffle for now in the Optional Features window, accessible from the Tools menu.
Here's the CashFusion Telegram group where you are welcome to ask questions. (Just remember to be courteous!)
Happy Fusing!! <3
*"Coins" are kind of a confusing concept when it comes to Bitcoin, but you can think of them just like discrete "bills" (or... "coins") in your wallet, but instead of coming in only certain sizes like $1, $5, $10, $20, etc, they can be any amount sent to you in a previous transaction, like 0.618 BCH, 0.000001 BCH, or 123.45679 BCH. (They can also be combined and split up. That happens in most transactions!)
According to BTC supporters, in the near future, if BCH begins to be widely adopted, the blockchain could grow nearly 4 GB/day. It seems inevitable that most individual nodes will eventually disappear due to a lack of storage and only the corporations' ones will remain, which makes the blockchain potentially vulnerable.
This would be the main problem of cryptocurrencies, but especially of BCH, as the blocks' size is larger.
Do you think this will happen? How could we avoid this situation? Is there something we can do? Would layer 2 solutions be a good idea? Is it possible to store just a part of the blockchain without losing the hash rate?
I would like to hear all opinions and perspectives.
Let's not be delusional. I know that Bitcoin maxis are commonly ostracized as too toxic, but they have been right about everything.
1) Bitcoin's dominance is at its early 2017 levels, and it keeps surging.
2) Bitcoin Cash and Bitcoin SV are dead. Craig Wright and Jihan Wu are over.
3) DeFi was a fad that lasted even shorter than the ICO craze.
4) XRP has always been a scam. Bitcoin maximalists have always been parroting about it, but very few took them seriously until the SEC lawsuit.
5) The S2F model, which was laughed off as tin-foil-hat nonsense, has been extremely accurate so far.
6) Institutions don't care about altcoins.
Hello on the 15th I opened up a wallet I had via the seed in Electron Cash and sent to CoinEx. Within a few minutes the BCH and BCHA showed up in my Coinex account. Worked Great
A few days ago I sent two more wallets to Coinex (After upgrading my Electron Cash) I don't know if that matters. Anyhow the BCH showed up but the BCHA never showed up. Has something changed? Is it possible the upgrading to the newest Electron Cash did anything? It went super smoothly on the 15th but two weeks later I have sent 2 rather large amounts and the BCH showed up just fine but no BCHA. Any info?
Just because you split your coins doesn't mean you might not have more to split. Someone might send you some that haven't been split. This is especially true of sites like read.cast memo.cash and member.cash. Just checked my addresses again and had another .52 BCHA and even .01 BSV show up.
BTW a great plugin for electron cash would be one that checks all receiving addresses for coins on other chains.
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Let's see what 2021 brings us. I predict 2021 will be the year where we will see BTC go over $100k. Not financial advice by the way. #HODL [link] [comments] |
Long-time lurker here, but I wanted to officially join the community with a posting. I know $100 is really small, however, it's all I can afford right now. I remember back when BTC was $350 a coin years ago, I almost bought in, and then again a couple years back when it was ~7k, but decided against it both times. Quite a bummer times two, seeing how it turned out, but rather than kicking myself about it, I'm not gonna ignore my instincts a third time. Better late than never! Happy New Year everybody.
There have been a few other long-term HODLers sharing their stories recently and I've greatly enjoyed reading them and reminiscing about Bitcoin's past. Here's my story - I hope it's as entertaining as the others.
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Every number between 0 cents and the current ATH has been, by definition, the all-time-high at one point. Don't let that prevent you from taking a risk in something you believe in. Extend your time horizon to a decade and lock your coins away.
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I've been a libertarian since I was a teenager. The expanding role of the State is something that I've been worrying about for most of my life. While learning about the immorality of the existence of the State, at some point I learned about monetary policy and how inflation is robbing everyone on an unprecedented scale. I tucked this knowledge away and was determined to figure out a way around it when I started making my own money. (This paragraph is the only one involving political philosophy, go ahead and continue reading)
I first heard of Bitcoin in 2010 on one of the many forums I frequented in my libertarian internet circle. It was an interesting concept to me, but I didn't pursue it at all. Again I tucked this knowledge away for future use.
I heard of it again several months later (2010). This time I decided to try it out. I remember downloading and syncing the reference wallet and using a BTC faucet to send coins to my wallet. I forget exactly how many it was... 5, maybe? That's as far as I went with it though. At some point I deleted the wallet and the downloaded blockchain - probably to make room for a Steam game or something. Those coins are gone.
That's right - Steam. I have been a gamer for most of my life as well. I owned a powerful graphics card at the time: The Radeon 5970.
The third time I heard about Bitcoin was in May 2011. I had heard that the price was lifting off and people were making a lot of money from it. This time I decided to dive in and see what I could figure out.
This was where I fell into the deep rabbit hole of Bitcoin. I remember getting so absorbed in it that I didn't sleep some nights. I was working my day job, going home and learning all that I could about Bitcoin. Learning about how addresses were generated, how wallets worked, how mining worked, how the difficulty adjustment worked, everything that I possibly could.
After a week or two of obsessing and reading about Bitcoin, I decided that this was the most important invention since the internet - the most perfect form of money ever created. One of the most ingenious systems ever designed by man - and NO ONE KNOWS ABOUT IT YET.
I can't recall if any other coins existed at the time, but between 2011-2012 I remember other coins like Namecoin, Peercoin, Feathercoin, and some others. I don't hear about any of those other coins these days... besides LTC and XRP, of course.
I decided that I wanted in. I needed to get some Bitcoin. I needed it NOW!! This would be like buying stock in the Internet itself but better - no counterparty risk, and I could be my own bank!
I wasn't making a lot of money at the time, so putting money towards anything discretionary wasn't going to be friendly to my budget. Yes, I owned a badass gaming rig, but that was my only luxury in life. I knew I was going to buy for the long term, so I decided to put aside $500 and go for it. I was going to buy Bitcoin.
At the time, Mt Gox was the only game in town that I can remember. I don't think BTC-e existed yet, or maybe I just hadn't heard of it.
I signed up for a Gox account and figured out how to fund it. There were a few ways to do this, one of which was another app called Dwolla. So I signed up for Dwolla and got verified. I then deposited my $500 and initiated the ACH transfer to Gox. BTC price at the time: $3.
I had initiated the transfer on a Tuesday evening after work. I was informed that the transfer would arrive at Gox on Friday.
I watched agonizingly as the price climbed hour after hour, day after day. $3.50. $4. $5. $6. I was missing the boat!!! By Thursday evening the price had doubled.
At work on Friday, I checked my email on my phone practically every five minutes. The transfer didn't go through the entire work day. I had plans with friends that evening - damn it, I was going to have to try and do this on my phone while hanging with my friends?!
I ended up making my first BTC purchase while sitting in a movie theater. I bought 50 Bitcoin for $10 each - during an all-time-high.
I still hodl every one of these coins today.
(The movie, for the curious: X-Men: First Class)
I couldn't stop there, though. The more I learned, the more I had to know. The more I had to DO. That's when I got into GPU mining.
This was a time before ASICs. I believe GPU mining was relatively new -- before this, miners were only using CPUs (which were in 2011 -- like GPUs in 2020 -- obsolete for SHA256 mining).
The next day I dove headfirst into Bitcoin mining. I downloaded the software and set up an account on Slush Pool. I ran my 5970 on full blast for a while and went out with some friends. When I got back, my bedroom was noticeably hotter than it was when I left. So that's what I was going to be dealing with? Ok, fine.
I also couldn't play any demanding video games while the miner was running. I'd have to dial the hashrate down, or disable it completely. Ok, I guess I can manage that.
After a few days of dealing with that, I decided to buy another 5970. If I got bored of Bitcoin, it would still make The Witcher 2 run better!
All told, between mining with Slush Pool and BTCGuild for a month, I managed to mine an additional 50BTC that month.
I still hodl every one of these coins today.
One day, my electric bill came. $350. For my 1BR apartment? That can't be right...
I called up the electric company and told them they double-billed me.
"Nope, that amount is accurate. That's what you owe for this month. Have a nice day!"
And that was the day I stopped Bitcoin mining.
I had been telling all my friends and gamer friends about Bitcoin the entire time. They laughed at me. I told them they wouldn't be laughing when I was a millionaire.
Soon after, Bitcoin crashed -- HARD. Dropping from $32 at its peak to $2 over the next few months -- one of the largest price drops in its history.
I was dejected. I stopped talking about it with my friends. The gamer communities I was a member of made fun of me relentlessly, trashing Bitcoin every day. News articles celebrating Bitcoin's death popped up everywhere. It was the first major public crash, and I felt all alone.
I uninstalled the Bitcoin price widget from my phone. I moved on with my life and tried to forget about Bitcoin. I left the wallet on my PC, but deleted my copy of the blockchain.
I barely thought about Bitcoin for the next two years. Any time someone brought it up at work or in my friend group, I changed the subject. I was completely demoralized and thought I had fallen for the biggest scam of all time.
After this unbearable TWO YEAR period... Bitcoin came back.
One day I opened r/Bitcoin and saw utter elation all over the front page. What the hell was going on?
Bitcoin had surpassed the last all-time-high and was climbing still. $50... $100. And it was still going!!!
I snapped out of my multi-year funk right then and there. Somehow my paper financial loss had clouded my judgment and made me forget about the fundamentals that made me interested in Bitcoin in the first place.
"Bitcoin was back?" It had never left. It was still the same decentralized, unforgeable, instantly transferrable miracle asset that I had fallen in love with.
I got back into mining again, but I didn't leave my GPUs running 24/7 like I had before. Eventually, ASICs started coming out and obsoleted GPU miners, so I had to start mining LTC instead and selling them for BTC. I mined on a site called give-me-ltc and did my trades on BTC-e.
Eventually I got tired of managing my miners, paying extra for electricity, and dealing with switching stuff around for gaming. I stopped mining again and moved on to other things.
I exited this phase with an additional 30BTC and over 400LTC. I still hodl every one of these coins today.
Eventually, BTC hit $1000. I watched this live on bitcoinity.org. I remember this day vividly.
The graphic shown on bitcoinity for every price point was usually some sort of funny gif - someone dancing, someone acting crazy, someone making a funny face, Mr. Bean watching signposts fly past his car. This time, the gif was different - it was serious.
It was an astronaut on the moon. A flag was planted behind him bearing the Bitcoin logo.
Tears welled up in my eyes. This was significant. Bitcoin was being recognized for what it was - the most perfect form of money ever created.
My stack was now worth enough to pay off all of my six-figure student loan debt. I had thought that I would be paying this debt off for the rest of my life. Bitcoin meant potential financial freedom to me.
I didn't sell a single satoshi.
Of course, $1000 didn't last, and paying off all my loans with my stack was no longer a possibility. The price did not recover for almost FOUR years -- even longer than the previous crypto winter. During this time I bought a few more coins through Coinbase.
The 2017 run-up was a blur -- except for one day...
The day I became a crypto millionaire.
My family didn't grow up with a ton of money. I never had the latest clothes, toys -- well, anything. We weren't poor, but we scraped by. I didn't have a great education in personal finance.
Being a crypto millionaire went straight to my head.
Driving to work on that day, I remember thinking I was the most badass person on Earth. Somehow I had managed to manipulate some computer numbers around that were now worth over a million dollars!!
I couldn't help it - I told everyone at work. I was a crypto millionaire. I couldn't shut up about it. I told my family. I told my friends. I told everyone.
I went to the store to grab a few things. Walking the aisles, I couldn't stop thinking about it. "These people have no idea they're standing next to a MILLIONAIRE."
Of course, my crypto millionaire status didn't last long.
This time, though, I SODL a few coins at the peak. I bought a house and a car.
A month or two later, I was no longer a crypto millionaire.
Seeing the altcoin season was kind of crazy to me. For a few months, you literally could not pick a losing coin. Everyone was a winner. It was sheer insanity. I picked up a few ETH to get some exposure, even though I didn't (and still don't) believe in it long term.
I'm doing pretty well these days. I am numb to any price activity at this point. The last time I bought was the dip down to $4000 in March. I don't know how anyone could have resisted that one.
Other than what I SODL in 2017, I still hodl all of my coins.
You may be able to see a pattern here. There's always going to be another all-time-high. There's always going to be a crash or a correction. You're probably going to feel stupid more than a handful of times being a HODLer. But eventually these feelings go away.
I have a few more anecdotes and random thoughts to share, so I'll make them bullet points below:
- I held on to my BCH for a while. I will admit that I was TERRIFIED during the flippening. 6-12 months later, I sold them all for BTC.
- I immediately sold all my BSV for LTC.
- I hold BTC, LTC, and ETH. That's it.
- I don't believe in any of these centralized or "new and improved" shitcoins. I'm a BTC maximalist through-and-through. The only other coin I'd consider at this point would be Monero. I know almost nothing about it and I haven't done any research on it, so I don't hold any.
FUNNY
- I gave $5 of BTC to a friend in 2013. They forgot about it. I reminded them about it this year. They sold it for $175.
- I gave $30 of BTC to a friend in 2013. They sold it in 2017 for $750.
- I solo mined IxCoin (literal who?) for a few days because I wanted to feel what it was like to solo mine a block. I did not solo mine a block.
- My favorite Bitcoin meme is "This is gentlemen." Why don't people say that anymore?
REMINISCING
- Wallets I used: Bitcoin core -> Armory Offline (airgapped with TAILS) -> Electrum Offline (airgapped with TAILS) -> trezor
- Armory was flaky as fuck. I moved on to Electrum after the 20th time Armory failed to sync the blockchain. I remember having to manually export the private keys using some Python script because I couldn't get the wallet synced.
- Reddit is too slow for BTC sometimes, so I would go to the BTC-e trollbox to get some realtime action. Now that BTC-e is gone, I typically hang out in /biz/ when Reddit is boring.
REGRETS
- Not buying more. Not mining more.
- Not selling BCH for BTC immediately. That one still stings.
- Focusing a little too much on paying down debt vs buying more BTC.
- Buying precious metals in 2013. What a waste.
- Selling in 2017. But, I wanted a house and a car. Regretting taking profit is stupid, but I can't help it.
THOUGHTS
- I never once tried to convince anyone to buy Bitcoin, despite how much I talked about it. I tried to convince people of the potential and that the Fed was evil, but I never once said, "You should buy Bitcoin" to anyone.
- I see another 10x for BTC. Just buy BTC. Don't buy anything else. Just buy BTC and fucking HODL.
- HODL through these crashes. They make you stronger. After a few of them, nothing will faze you. Be a fucking man and HODL on to your coins!!!!!
- People just don't understand the network effect of the BTC protocol. No one cares that another coin has better features. No one cares that there are better internet protocols. They use what has the most infrastructure and support. Don't fall for these shitcoins.
- People don't understand the layering concept. Increasing blocksize simply isn't the solution to scaling Bitcoin - second layer and beyond is the solution.
- Taxation is theft.
Hopefully this was at least mildly entertaining.
Happy New Year!!!!!
Hi guys, my brother recently passed away and I noticed in his emails a seed phrase and some btc market emails (totally by chance). Have had some helpful advice on how to recover in a previous post.
My mum and dad have no idea what crypto is so if I hadn't seen the email his crypto would be gone forever. Not only would he hate that idea but any crypto he did have could help my mum and dad out with costs they have had to spend arranging things.
If you are young and own crypto tell other people (that you trust) that you have some and how they could obtain it in the event you pass away. I know this is difficult as you want to protect what you have but there needs to be a middle point. Perhaps split up speed phrases among multiple family members and let them know the order? Also let them know how to use a seed phrase.
While traditional bank accounts are often looked down at by this community, the benefit is that a solicitor/lawyer can access them and all the details can be passed on.
The anonymity of crypto is not only a positive but also a negative in my view. What is the point of it all if it can so easily disappear into the ether. Even a wrong address means its gone forever however a wrong bank account can often be reversed.
Would be interested to hear what others think in regards to how to combat this problem. What is the solution here?
I heard that Litecoin was implementing mimblewimble for privacy. It sounds pretty good. Any reason that Bitcoin cash can’t implement this as well? Any disadvantages to mimblewimble? Thanks. I know we already have cash fusion but you have to opt in to use it. Mimblewimble encompasses every transaction, which is better for fungibility.
Hi guys. I have been hodling since 2016 and recently found out my brother also had been. He passed away recently but we never actually talked about crypto.
In his emails I found a 12 word seed phrase, but no reference to a ledger etc.
Does anyone know other wallets that use a 12 word seed phrase (i have only ever used a ledger).
A couple of months ago, for $14000. My brother talked me into abandoning my long term strategy at the start of the bull run.
Very disappointing, can't stop thinking about this mistake.
I'm going to buy 0.00000001 bitcoin for $1 which would make the market price for bitcoin $1 million / bitcoin.
Enjoy the spike!
This is the power of a deflationary money.
It protects the livelihood of everyday people, not the oligarchs and cronies.
Bitcoin BTC is at $29,086.41 per coin and aspires to be digital gold addressing a market size of $14T [1].
Total cash in the world according to the CIA is north of $80T.
Thus BTC can only approach less than 15% of BCH's addressable market [2].
Bitcoin BCH today is terribly undervalued and should be worth $185,121.17 or 535 times higher than it is at present [3].
You can invest in BTC at an all-time-high or in BCH at an all-time-low, with a potential market size many trillions larger. Add more BCH merchants folks. Each one brings us closer to the flippening.
Whenever I am providing an address to my wallet or having to transfer, I get cautious that I might send it to the wrong address. I always test the water by sending a small amount first, and then a big one.
I would move it right now to park it in a safer wallet, but I am too high on drugs (legal) right now to trust myself to move it properly.
How do you guys stay cautious?
Stay in the know. Dude paid hookers to shit on his chest and whatnot, so we'll see what happens... We need media teams and news coverage on this immediately.
This is how lonely I am.
Ps. This is joke for bitcoiners. Please do not remove post.
Just wanted to join in on the community here! As of the morning I am the proud owner of .03468609!!!
Being here right now feels absolutely surreal. Bitcoin has finally done it. I was always a firm believer in the the technology and u knew this day would come. I've held my 1.8 btc through thick and thin since 2017 and for some fucking reason I decided to put it all into an altcoin I got hyped about this August. Now what would've been over 50k of btc is 7k of the altcoins I'm still holding. Should've held that fucking door.
I just got moons from participating in crypto sub. Seems reddit is jumping head first into blockchain stuff. Is bch going to do something similar. Just curious.
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This year was amazing, and I want to thank the community, doing what I like the most And for that we went to the street to talk to people.. it was a grueling but great day Details on Read Cash ... https://read.cash/@BCHouseVE/december-30th-we-went-to-the-streets-b7ef9867 Thank you all [link] [comments] |
Hey, I'm one of Hathor Network's main developers. I know this has been said before, but just to clarify, what coin.dance and others classify as
HathorMMisn't actually a pool but all blocks that were merge mined with Hathor (marked with the magic numberHathon the coinbase).The largest Hathor pool has been, and continues to, mine empty blocks. Despite all our (and also many other folks, such as emergent_reasons) efforts they always say they will try to do it and nothing changes. My honest impression is that it's a mix of not caring and not understanding the situation. I know that a very significant and vocal portion of the BCH and BSV communities interprets this as malice, IMO that isn't really accurate but I understand the reasoning.
We've been helping other devs making pools and recently a pool by the name of Zulupool started an open beta and has been gaining some traction and are steadily becoming the new largest pool. They have been nothing but great and are very aware of the situation and properly include transactions on the blocks they produce. Unfortunately coin.dance and the like mark all of these as
HathorMM, so it's harder to tell them apart. It's possible by looking at the coinbase output address.
Australia once boasted the first Bitcoin Airport however today, on a recent trip through the Brisbane terminal, gone are the Bitcoin stickers, and only a "sorry we no longer accept Bitcoin" response from the merchants. I am guessing they are transitioning to Blockstream's tabs.
Bitcoin BTC is a joke, for everything else there's Bitcoin BCH.
EYYY I just bought a bit at 28996, pretty sure that makes me stupid but I reckon I'll be alright in the long term. Just thought it was pretty cool that I just to happened to get it at its most value against the dollar. How long until this post is no longer valid?
Feels bad man! I can’t be happy about the bull market because I don’t have the amount of BTC that I really want. It’s a bummer
It’s been a wild ride but I’ve sold all my holdings so I can buy a nice house without need to take out a mortgage.
And the money I would be paying into a mortgage... will be spent on BTC instead babay!
Had mine hit last night on the dump. Triggered the sale. Didn’t even catch it till tonight. Had to buy back in 2k higher than where I sold.
FML. Watch your numbers.
Bought my first substantial amount, over 0.1 BTC and will be making BTC my defacto savings. I'm ready for those 2021 gains 💪 let's do this!
I was trying to find support for Blockchain due to BTC being held in my trading account. I was desperately looking on Twitter and come across the following: https://twitter.com/blockchain__com?s=09
I know I'm the idiot for falling for this scam but I'm new to BTC and don't use Twitter other than to get support from companies I do business with.
I've reported them and made Blockchain.com aware of this scam too.
Stay safe people and always keep an eye out for scammers. I've learned the hard way.
Hey all,
I'm trying to un-tangle how I think about how miners include transactions into blocks.
My understanding is that the hash of all of the transactions is taken into account when mining it. That would mean that the calculation would change completely if more transactions were added when mining it. My main question is, how often do transactions get added to the current block that the miner is hashing, if at all?
A bonus question would be: if they get added into the block in the middle of hashing it, wouldn't that decrease the probability of finding a block? It would be like starting over from scratch, right?
Will it be more pumpin or massive dumpin in the New Year?
I don't mind if I have to crack it somehow, I made the wallet with bisq, thought I copied all the seed words but apparently not. Is there a way I can get the 12th? I mean, it's just english words, there's a limited number of them. Is there a utility/script I can use to recover my wallet? I have $500 on there and am pulling my hair out right now.
With the Great Reset coming soon, to include the collapse of many banks and national fiat currencies, many people are wondering what they can do to move their assets into forms that are immune to such disasters. I believe the most imperative thing people need to realize is that anyone with a large savings or investment in fiat of any kind is a potential victim of a banking collapse and worldwide depression. There is talk of a major war that may happen soon. Infrastructure could go down, possibly for an extended period of time. Will blockchain assets survive? Only time will tell.
Fiat currencies certainly will fail, ultimately, meaning their purchasing power will diminish to zero corresponding to the amount of trust people still have in their respective governments. As we enter the age of lockdowns and medical tyranny all over the world, I suspect that trust will quickly vanish as people look for alternative means of making a living without having to be subjected to involuntary and untested medical procedures. This means a booming underground economy. However,
At the same time, governments are phasing out cash in favor of digital payment forms, which are all linked to their centralized institutions so that everyone is 100% tracked. The people who think they are being smart by putting their savings into "trusted" institutional crypto asset accounts are still likely not holding their own keys on a native blockchain, therefore they are not really in control of their assets. In order to truly be in control you must maintain full control over your private keys. This is the forgotten beauty of Bitcoin. You don't need any third party to maintain an account for you. Of course the trade-off is that account security is your own responsibility. This is where many people are unprepared and will fall into traps.
Rule 1: Maintain your own keys
The highest security for high-balance accounts is physical offline storage. Paper and ink to write down a seed phrase is the simplest way, but where extra security steps can be taken, this is advised. Some options are permanent media like etching onto steel, either by hand or by laser, or using premade recovery kits. Many people make the noob mistake of taking a screenshot or picture on their phone of their seed phrase and storing that on a platform like Dropbox. Do I even need to explain why this is a bad idea?
Rule 2: Treat crypto like cash
Too many people still think of crypto as an investment vehicle. That was never its purpose. Bitcoin Cash is the embodiment of what Bitcoin was always supposed to be, meaning peer to peer digital currency. The value per unit may go up or down day to day, but that should be irrelevant in the long run, as long as the original protocol remains in place with a limited supply and adequate hashrate. I leave it to miners and other large stakeholders to worry about their security and investment strategies, trusting that their goals align with the overall network i.e. increasing adoption so that more people can transact freely without institutional friction. In other words, crypto is like the money under your digital mattress, only instead of its value diminishing over time, it increases due to scarcity.
Rule 3: Privacy is a skill
There's been a lot written about the privacy problems inherent in all bitcoin-based protocols. If you trade fiat currencies for crypto, there is very likely a digital paper trail. The only way to stay anonymous on any blockchain is to never touch any ID-related services. The second you link your bank account or open an exchange account, your activities are exposed to anyone with access to that confidential information, including governments and corporations who may want to sue you or freeze/seize your accounts for whatever reasons. If they can link one address to your identity, they can likely link many more and build whatever case against you they want. This is why privacy features on Bitcoin Cash are important (and just to point out, privacy features like CashFusion and CashShuffle are only possible on BCH because of the always low fees). I also highly recommend Monero since it works very similar to BCH but with default privacy so that even with your address no one can see your transactions.
Rule 4 (optional): Go bankless
The last step is going fully bankless including all business accounts, savings accounts, retirement accounts, etc. This is a new paradigm for most people. I am not giving financial advice on these topics, but if you think any of those things will remain or still have any meaning after the big collapse, then you have more faith in the system than I do. The only thing I trust enough to manage my future is myself, so I would recommend having alternative ways of doing business that don't require counting on institutional support that might not exist during a collapse. For example, if you use a payment processor on your Shopify store, what happens if they decide they don't support your business model anymore and cut you off? It's already been happening to many people for years. I'm not aware of many options for having a self-hosted crypto webstore that's simple enough for the average person to set up.
This is also where I think we need more ideas and more development for people with small businesses. How are people using crypto to survive in places like Venezuela? If/when widespread adoption happens, whether governments succeed in taking control of crypto assets, everyone should be prepared to HODL their own assets while maintaining privacy, but most importantly, also recognize that money is supposed to represent economic energy. Proof-of-Work means that energy was expended to produce every single bitcoin in existence. No one can print more bitcoins to devalue what already exists. Fiat currencies will all eventually collapse since their value is based on a false sense of security that governments and institutions will always be there to take care of us, but that is not a guarantee we can all count on.
How are you preparing to get through this economic disaster?
![Treasury Department's working group: "Depending on its design and other factors, a stablecoin may constitute a security [...]."](https://b.thumbs.redditmedia.com/EqryMhNxANh8PJ4OyItttMAQmRdoNXGn3dih2FOqDVc.jpg "Treasury Department's working group: \"Depending on its design and other factors, a stablecoin may constitute a security [...].\"")
![History Lesson / Satoshi on Micropayments (Aug 2010): "While I don't think Bitcoin is practical for smaller micropayments right now [2010], it will eventually be as storage and bandwidth costs continue to fall... I think in 5 or 10 years, the bandwidth and storage will seem trivial."](https://b.thumbs.redditmedia.com/56NG5465t529dROJf4r-XlPoJwo9QElVeukvQPwm8jk.jpg "History Lesson / Satoshi on Micropayments (Aug 2010): \"While I don't think Bitcoin is practical for smaller micropayments right now [2010], it will eventually be as storage and bandwidth costs continue to fall... I think in 5 or 10 years, the bandwidth and storage will seem trivial.\"")
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