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submitted by /u/Coinbuzzfeed [link] [comments] |
source https://www.reddit.com/r/btc/comments/svodrj/twosleeping_bitcoin_block_rewards_from_2010_have/
Saturday, 19 February 2022
Two'sleeping Bitcoin Block Rewards From 2010 Have Awoken After More Than A Decade Of Inactivity.
source https://www.reddit.com/r/btc/comments/svodrj/twosleeping_bitcoin_block_rewards_from_2010_have/
squadx airdrop
I am participating in the air drop lucky draw in Squad X Metaverse. Invitation code: 224976. Click the link to participate with me! https://airdrop.squadx.club/224976
[link] [comments]
source https://www.reddit.com/r/btc/comments/svqr8l/squadx_airdrop/
Friday, 18 February 2022
Adding "fast" to the dream of Bitcoin. Is Doublespend proofs the BCH way?
I am thinking the dream of Bitcoin includes something like a 10+/- minute confirmation time? I'll state my working definition of "the dream" below. Anyway, for practicality of e-money I think we will need much faster reliability. BTC has just said "no" to speed (and the dream). eCash is working on adding Avalanche code I do not yet grasp. BCH has touted doublespend proofs. Is that all BCH will need/use for speed? I am working on an article and plan to say BCH has that as it's plan. If there is more than that planned for making BCH fast, I would not want to understate the intended BCH way forward.
My working definition summarizing "the dream of Bitcoin":
Secure and sufficiently-decentralized (censorship resistant) e-money for the people of the world without significant inflation or usage fees.
Happy to hear opinions on changing that summary/definition. For instance, opinions on why it might be better to say something like "Peer-to-peer cash" instead of "e-money" would be interesting to hear. If anyone thinks the original dream included faster confirmation speeds that would interest me as well.
[link] [comments]
source https://www.reddit.com/r/btc/comments/suxkpt/adding_fast_to_the_dream_of_bitcoin_is/
Can Bitcoin succeed as a currency and support economic growth with such low inflation?
I've seen the argument made that Bitcoin's value proposition of being a store of value is at odds with the ambition for it to become a global currency since it has very low inflation and inflation is a necessary property of a currency for it to support economic growth. "Money: The True Story of a Made-Up Thing" talks about how this was a problem on the gold standard, that at times there wasn't sufficient money supply to support economic activity since it was limited by the rate gold could be mined. Is Jeff Booth correct, that we can move to an economy that is deflationary instead? tbh I have to read his book to fully understand his ideas about that. I have thought for a long time that the idea of perpetual economic growth is flawed anyway.
Edit: to be clear, I'm heavily long Bitcoin. The purpose of this post is to hear counter-arguments. It doesn't represent my personal view. I'm anti-inflation.
[link] [comments]
More Lightning Network failed promises: "As a service, it is hard to choose reliable routing peers that forward payments quickly. Plenty of nodes have bad response times and do not maintain proper liquidity in their channels. This makes payments slow and payment times of 8+ seconds not uncommon."
Thursday, 17 February 2022
Wednesday, 16 February 2022
Friendly reminder - Bitcoin is Apolitical by design
Next time you are tempted to push a political agenda, ideology or movement (right or left) on the back of an agnostic technology, ask yourself if you’ve been victimized by the same propaganda machines Bitcoin was originally designed to circumvent.
Never, ever forget, the Bitcoin network runs nodes out of socialist, communist, fascist and capitalist countries. It follows none of these political ideologies because it’s not human. It doesn’t care. It is apolitical by design.
Bitcoin is technology - let’s keep the conversation there. Reddit has enough political subs for smooth-brained apes to throw shit at each other.
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No, 10% of Bitcoin owners DO NOT own 99% of the bitcoins...
Those "Bitcoin wealth inequality" statistics go from very misleading to outright false and unfounded anti-bitcoin FUD (just like the Bitcoin energy use FUD ones). Here's the corroborated info debunking them (check out the bottom link for a thorough research):
It is well documented that Bitcoin is not centralized, in any way.
Here's a Glassnode thorough analysis regarding distribution:
https://insights.glassnode.com/bitcoin-supply-distribution/
Highlights:
No, Bitcoin Ownership is not Highly Concentrated
Not all Bitcoin addresses should be treated equal. For instance, an exchange address holding the funds from millions of users needs to be distinguished from an individual's self-custody address.
A Bitcoin address is not an "account". One user can control multiple addresses, and one address can hold the funds from multiple users.
Edit: Also this info from Woo
Willy Woo on Twitter:
A longitudinal study of #Bitcoin's supply distribution since the genesis block.
Summary:
Bitcoin continues a 12 year trend of distributing evenly. Small holders are a rising force. (Includes new data unseen before from Entities, not addresses on-chain analysis.)
https://twitter.com/woonomic/status/1418192184767963136
This is an excellent DD and comprehensive "centralization" rebuttal:
No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)
https://old.reddit.com/r/Bitcoin/comments/qhlxfr/no_bitcoin_is_not_controlled_by_a_small_group_of/
[link] [comments]
Tuesday, 15 February 2022
Why BCH burning(locking) when the BCH is limited in number? #21Million
Instead of just burning (locking) the coin why they are not allowed to be mined again?
That way maybe it'll take time to mine the whole number of coins, but the adoption would still keep the price at a good bar and the original 21 millions are still in circulation?
[link] [comments]
source https://www.reddit.com/r/btc/comments/ssiotz/why_bch_burninglocking_when_the_bch_is_limited_in/
Monday, 14 February 2022
Congrats to SmartBCH on 250 BCH burned!
The future looks bright.
[link] [comments]
source https://www.reddit.com/r/btc/comments/srolbh/congrats_to_smartbch_on_250_bch_burned/
Dear Miners, do you have a plan? Unless BTC doubles in price - when the halving happens, you will lose 50% of your income unless BTC transaction fees go to $40.
Is this a business plan?
Depending on doubling of BTC price every 4 years
OR
$40 transaction fees?
NOTHING doubles forever.
[link] [comments]
source https://www.reddit.com/r/btc/comments/srpk59/dear_miners_do_you_have_a_plan_unless_btc_doubles/
I love Bitcoin (BCH) but the fact that Monero is not more popular is beyond belief. Can anyone explain it?
I've been using Bitcoin since 2012 and love BCH but XMR should be one of the most talked about and used cryptocurrencies.
I'm not a conspiracy theorist but XMR should be one of the most used cryptos, the fact that its barely in the top 50 by market cap is insane.
My go to explanation for BCH is that the Bitcoin project was hijacked by corporate interests, but what is going on with Monero, why is it not more popular?
[link] [comments]
source https://www.reddit.com/r/btc/comments/sroxs6/i_love_bitcoin_bch_but_the_fact_that_monero_is/
Sunday, 13 February 2022
Hottest game ever! Join Facebox
WHY YOU SHOULD JOIN FACEBOX NOW? FaceBox.app is the world's first #NFT Social #GameFi in 2022. Play-To-Earn and Social-To-Earn philosophy building on top of BSC inspired by #MOBOX🚀
FaceBox will be having a Fair Launch with Stealth Mode in launching their token - $FBOX. Join now ⭐ linktr.ee/FaceBox.app
[link] [comments]
source https://www.reddit.com/r/btc/comments/sqxpfv/hottest_game_ever_join_facebox/
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