submitted by /u/thethrowaccount21
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source https://www.reddit.com/r/btc/comments/uu82ff/george_donnelly_posted_recently_asking_to_come/
Saturday, 21 May 2022
Friday, 20 May 2022
This past week I purchased an additional 0,01 Bitcoin for $299 in cash at an average price of $29.900 per BTC in accordance with my HODL strategy.
The price is lower, but the strategy stays the same. Stack Sats!
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Thursday, 19 May 2022
Ledger or a Trezor - What do people on this reddit have?
Looking to get my first hardware wallet.
Interested to see what devices everyone here uses.
Are there others I should be looking at? secuxtech D'Cent?
Let me know which ones you use
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Wednesday, 18 May 2022
I've made a simple app to sell your files for LN-BTC
So basically, you can upload files and sell it for bitcoin (Lightning network). Just upload the file (or files), give the link to the person that would like to buy something from you, get paid, withdraw anytime, immediately.
Simple as that.
Should mention that the app was made for Desktop-use, mobile view is broken, sorry.
Actually, I've created it few years ago, but just never really promoted to anyone except few posts on reddit.
Just to be cautious, don't keep the earned sats for too long, just in case something happens as it is custodial service. Hacks/stuff happen. It's my hobby project. No warranties as they say :)
This is how it works:
As there is no "accounts", no sign-ups or logins, "semi-anonymous", I've implemented this called - "key" system. Key is like an account. For every download that someone pays, you get paid straight to that key. Later, or whenever you want, by using that key, you can withdraw your earned money.
The flow is like this:
1) Upload a file, copy and save the generated key to your secret location - it should be never leaked or posted somewhere.
2) After an upload you also will get the download link. Post that link with your file you want to sell in forums, chats and wait for purchases.
3) When ready, you can withdraw (or check balance) your money through https://withdraw.poof.run to your lightning wallet instantly.
Let's say you want to upload more files to sell, same flow applies, just this time, rather than using website-generated key (if you want ofc), you can edit it and paste your previously generated key to get paid to the same key. (same account)
Give it a try, suggestions are welcome.
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Why was BCH created, when the big block community had the opportunity to join Monero (or other coins)?
Okay, so first of all, full disclosure: I dont own BCH, i dont even like BCH, and I dont ask this as a person who is likely to change either of those things. I am strictly a Monero person, at this time. But I am curious, because BCH encompasses a higher market cap than Monero at this time, and a large portion of liberty-minded individuals. And its just a question Ive never thought to ask straightforwardly. (Also this doesnt have to be strictly about Monero, there were other coins at the time too like Dash, but I want to focus on Monero.)
Monero was created in 2014, BCH 3 years later in 2017.
If this isnt a strawman, I believe the sole or at least main reason for forking was to increase the blocksize limit, to allow for onchain scaling. Okay. But Monero already solved this problem with the automatic blocksize limit. And this is a particularly novel solution, because it solves both sides of the equation: It prevents spam by keeping the ceiling close to usage, and it prevents consensus failure of increasing the limit in the future, since its automatic.
Now I could just stop here, because the blocksize limit seems to be the main point of contention in BCH. If so, how did Monero not fix it? Why was BCH needed?
(And its not like Monero is some random coin, its been the privacy coin, the darknet coin, and the cryptoanarchist coin for years. Fair distribution, adoption, and strong track record.)
I dont want to go on a long spiel detailing every reason why i think Monero solves every importantly solvable blockchain problem ever, because im sure i will have plenty of time engage with such ideas in the comments. But I would like to generally know why 1) You did not want to join Monero instead of create BCH and 2) Why your preference still lies with BCH?
Heres some examples of responses:
A) Didnt know Monero existed (and still doesnt? idk)
B) Ideologically opposed to privacy by default?
C) It has to be Bitcoin? (Leftover maximalism type of feelings? Or emotional attachment?)
Idk this really all that comes to me at the top of my head. Im having a hard time imagining what the reasons could be.
Feel free to list 1 to 3 solid reasons. Nonnegotiables. Please no "I like Monero too i just like BCH more" responses with no substantiation, i would like cold hard data. If you have a criticism of Monero, give it to me hot.
Also please avoid long lists of negotiables, with no single strong reason (nonnegotiable) tying it all together. Creating a long list of loosely cohesive reasons for something is usually argument with poor structural integrity, aka coming up with reasons to meet parity with ones feelings.
Anyways, interested to hear the responses.
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source https://www.reddit.com/r/btc/comments/uru1sj/why_was_bch_created_when_the_big_block_community/
Tuesday, 17 May 2022
I finally took my coins out of Coinbase
I have been hodling for several years at this point, and have had "not your keys, not your coins" drilled into my head, but have kept my coins on Coinbase the whole time anyway. I even bought a hardware wallet several years ago but was too nervous to actually transfer my coins to it. I figured a big company like Coinbase is probably better at security than I am, so what's the real risk? A post here last week was what finally pushed me over: pointing out that in bankruptcy, Coinbase could (and probably would) liquidate my coins to pay creditors. While I don't think it's likely that my Coinbase vault would get hacked, I do think there is a much bigger chance for Coinbase to do something dumb on the business side and go bankrupt during some particularly bad market volatility. So I bit the bullet and transferred my coins - other than the excruciating 30 seconds between initiating the send at waiting for it to show up on the other side it was very painless. TL;DR I finally pulled my coins off of Coinbase, and you should too
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Did I lose my Bitcoin?
I send some Bitcoin from my exodus wallet to my ledger and it says confirmed but it never showed up to my address
How do I find out if I sent it to the wrong address? Ledger generates a different receiving address each time
Edit 1: this was a few days ago now so there have been many confirmations (100s) I did choose a low transaction fee though so I regret that
Edit 2: I’m not answering private messages about this, I’m not giving you my seed phrase.
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source https://www.reddit.com/r/btc/comments/ur3vzo/did_i_lose_my_bitcoin/
Grayscale Investments to List Its First ETF in Europe
Grayscale Investments plans to list its first exchange-traded fund (ETF) in Europe, offering investors exposure to companies in finance, technology and digital assets. The Grayscale Future of Finance UCITS ETF (GFOF) will list on the London Stock Exchange (LSE), the Deutsche Börse and Borsa Italiana and will be available to investors across Europe. Trading in the ETF is set to start tomorrow, a company representative said. CEO Michael Sonnenshein said in April that the digital asset manager wanted to enter the European crypto fund market, where there are already over 70 exchange-traded products with a total of $7 billion in crypto assets like Mana, Solis, Gala and related assets. The new company-focused ETF will join incumbents such as the VanEck Vectors Digital Assets Equity ETF and Melanion Capital's BTC Equities Universe ETF. Grayscale is currently seeking to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF in the U.S. Markets regulator the Securities and Exchange Commission (SEC) has yet to approve such a product despite having received dozens of applications in recent years. Grayscale is a subsidiary of Digital Currency Group, which is also the parent company of CoinDesk.
Source: https://www.coindesk.com/business/2022/05/16/grayscale-investments-to-list-its-first-etf-in-europe/
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source https://www.reddit.com/r/btc/comments/ur32j3/grayscale_investments_to_list_its_first_etf_in/
Monday, 16 May 2022
If you were running a Bitcoin Cash full node and slept past the upgrade and you now discover...
... that your node considered block 740238 with the hash below as an invalid block,
... and upgrading your node to the most recent version (one compatible with the May 15 upgrade) hasn't solved the problem because your node STILL remembers that it considered that block to be invalid,
You should give this RPC command a go (while your node is running).
reconsiderblock 000000000000000002afc6fbd302f01f8cf4533f4b45207abc61d9f4297bf969 This will cause it to reconsider the upgrade block and should cause it to continue synchronizing with the rest of the network.
And next time, please upgrade beforehand!
If you're not running a node: This is nothing to worry about, it is expected behavior. When a node is not upgraded on time, it usually will not be able to follow the Bitcoin Cash blockchain that the upgraded network considers valid. It will simply hang around, while receiving blocks it considers invalid unless someone extends the old rules chain (which is normally not the case unless the upgrade is contentious).
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source https://www.reddit.com/r/btc/comments/uqaj1a/if_you_were_running_a_bitcoin_cash_full_node_and/
When the SEC retaliates for Terra and Luna and so forth
We have the leverage because if they try to put kyc on native wallets or felonize, extradite, or intimidate developers for coding, or blackball smart contracts, give "defi licenses" to CME chicago good ole boys, we will dedollarize & pull everything out of the US. US gets nothing.
Look at what Tom Duffy and the CME are doing to our industry, this decrepit guy is admitting to the US ag hearing what he & his crony did the last 4 year to us. If they try to give licenses to DeFi w/ gate keeping, Dedollarize everything, let them know.
You know how easy it is to just write a front end that shows the usd dollar amount of a completely different stable coin pegged to god knows what. Dedollarization.
Just build collateralized stable coins tied to a basket of 50 different currencies and 20 or 30 treasuries, plus 20 or 30 commodities, if these nation state want to do reflexivity attacks on the collateral, they'll have to short every major currency in every major country in the world. Invent our own peg. Over collateralize it to peg it to a past snap shot of itself at a given index of valued assets. It can be done.
Unfortunately I believe normalizing stablecoin pegs to the US dollar was just a mistake and a giant lever of power for the gov to enforce kyc & gatekeeping for banking cartels on everything & one, to utterly destroy censorship resistance in the crypto ecosystem.
This means a stateless currency pegged to "things" (in small .0001 decimal place value) is going to have to be anonymously made, collateralized, run by anonymous devs, or built in a failsafe way. The US gov only understands fraud, force, & violence & coercion.
"Why flee the collapsing USD for a digital version pegged to it? Gtfo stables in general, stick to future proof currency that deflates over time. Screw stables full stop."
No one who has money on the line, or most advanced finance and fund management is going to just expose themselves to bitcoin and it's serious lack of stability, or any other deflationary asset. The concept of not having credit expansion or inflation in some degree, and some stability in asset price, is complete btc maxi peter pan stuff. I'm literally not talking about pegging it to the US dollar either, I'm talking about pegging it to the aggregate value of about 500 assets in decimal form, specially picked to reduce volatility, and to make impossible for the US gov to engage in reflexivity attacks without crashing the rest of the global economy.
For now you cannot put this stablecoin which we will call a "Defitii" on Bitcoin Cash's blockchain, and btc cash cannot scale it's nodes well enough because of various engineering challenges (perhaps a lack of sharding for BCH just as with Eth, lack of ubiquitous cheap harddrives, lack of distributed storage doing what is tantamount to sharding to increase total # of nodes)
But it would be highly advantageous to BCH to get it onto it's chain. Obviously.
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source https://www.reddit.com/r/btc/comments/uqdxul/when_the_sec_retaliates_for_terra_and_luna_and_so/
Bitcoin miners are now NFT
As it is known, mainly by those who work in the area, Bitcoin mining hardware has a lifespan that comes to an end for several reasons: it loses power in the face of the difficulty of the network and ceases to be profitable for energy consumption, or it deteriorates physically by its use, although some reach more than 7 years.
Some disused Bitcoin mining equipment has regained its value thanks to Venezuelan artist Juliette "Juls" Garzón, who launched a collection of 7 pieces that were sold in their entirety in less than 72 hours.
The artist's collection was not the only increase in the value of the NFT's, as there are others of high value, such as some lands in Axie Infinity, several cards in Shiryo that are collectible NFT's or even digital art made in the WAX network that each time increase part of their value.
The name of the collection is Bit Art, and in addition to Bitcoin miners it includes other pieces, which are accompanied with a non-fungible token or NFT that each buyer receives.
To give a new meaning to this disused equipment, Juls Garzón intervened them with different techniques adding color and personality to create collector's items, making this hardware get new owners in a short time.
The Artminer collection miners were sold for US$900 each, in less than 72 hours since their launch on May 3.
The miners have already fulfilled their function and could not be connected again to continue exercising the proof of work in the Bitcoin network, but they will be honored forever with the intervention of the Venezuelan artist, instead of being discarded.
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source https://www.reddit.com/r/btc/comments/uqdxeu/bitcoin_miners_are_now_nft/
Emirates now accepts bitcoin as payment
The Dubai airline Emirates has revealed plans to integrate "bitcoin as a payment for services rendered". The aspirations to embrace Bitcoin by this airline came just a few weeks after the company disclosed its NFT and metaverse plans. Although the time the plans will be implemented is still unknown.
Emirate, the major airline in the United Arab Emirates (UAE), also plans to launch a metaverse and NFT trading platform for other decentralized currencies like Threedium, Metaloop, MetaTokyo Faith Tribe, etc.
According to the company’s chief operating officer (COO), Adel Ahmed Al-Redha. The airline’s aspirations to embrace Bitcoin come just a few weeks after the company disclosed its NFT and metaverse plans.
However, in comments published in Arab News, Al Redha mentioned that his company might need to hire staff to help it develop applications that track client wants. He also indicated that the airline would try to use blockchain to track aircraft records. However, when Emirates implements these plans, and customers will be able to pay with Bitcoin is unknown.
Finally, just like Abu Dhabi and the wider United Arab Emirates, Dubai has been attempting to attract crypto companies by establishing a clear legislative framework within which digital asset companies can operate. These regulations have attracted many crypto exchanges, but they also appear to be opening the door for more traditional businesses to embrace crypto.
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Happy Bitcoin Cash May-2022 upgrade! Follow up on the 2.5 BCH giveaway (or how I outsourced making history)
First, congratulations to everyone on a smooth and successful Bitcoin Cash upgrade, and I'd dare say biggest upgrade Bitcoin has had since genesis!
I wanted to be part of history so I made sure of it by making a competition and had so much fun observing how it went! Vanity can be fun! :D
1st block using new Bitcoin Cash features has been successfully mined and is full of transactions with the OP_RETURN message:
Happy Bitcoin Cash May-2022 upgrade! - bitcoincashautist
and not one of those TXes was created by me! All of them were made by someone else, taking Bitcoin Cash out of my reward pool! :)
The reward pool has been almost entirely depleted in the first block, so congratulations to the winner or winners! There's now 205 transactions with the competition contract: https://bch.loping.net/address/bitcoincash:pzq2vg8ppftlnk7raj452eae33upjgedj5dnc5efg5 and each transaction that spends from that address has my message, because the contract requires it in order to be spent from :D
It's not the 1st TX in the block, however one of the reward spends made 2nd place, and congrats to whomever sent this one and made the first place. Still, the competition TX is the 1st one that uses and demonstrates features from both CHIPs so mission accomplished!
Also, congrats to ViaBTC and Mr. aziz2025 for mining the first upgraded block!
How does my contract work? It simply requires that:
- 15/16 of the amount being spent goes back to the same contract address
- an OP_RETURN output with my message is part of the transaction
The 1/16 is there for the taking and fee payment - winner(s) simply had to fill in their address and repeat the process until they depleted the contract address.
Congrats to all, and I hope to make something more cool for May 2023 upgrade!
PS Here's how the contract looks like in Bitauth IDE if anyone wants to study it.
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source https://www.reddit.com/r/btc/comments/uqamxa/happy_bitcoin_cash_may2022_upgrade_follow_up_on/
Sunday, 15 May 2022
Bitcoin and Ethereum had a tough week, but derivatives data reveals a silver lining, will they recover?
This week, the cryptocurrency market suffered a sharp drop in valuation after Coinbase , the leading US exchange, reported a quarterly net loss of USD 430 million and South Korea announced plans to introduce a 20% tax on cryptocurrencies.
Bitcoin (BTC) bounced 18% from a low of USD 25,400 to the current level of USD 30,000 and the price of Ether (ETH) also had a brief rally to USD 2,100.
In the case of Ethereum, it is affected internally, as several of its most important projecots such as UniSwap, Axie Infinity and Shiryo for example, have also seen their internal economics affected, but as is well known, a Bitcoin shakeout, shakes the entire crypto ecosystem.
At its worst, the total cryptocurrency market capitalization faced a 39% drop from USD 1.81 trillion to USD 1.10 trillion in seven days, which is an impressive correction even for a volatile asset class. The last time a similar sized decline in valuation was seen was in February 2021, creating bargains for risk lovers.
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source https://www.reddit.com/r/btc/comments/upmqpz/bitcoin_and_ethereum_had_a_tough_week_but/
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