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submitted by /u/sylsau [link] [comments] |
Saturday, 9 July 2022
Monica Taher: "Bitcoin adoption goes beyond its use as a means of payment".
Taher presented, during her conference at the Blockchain Summit Latam held in Panama, a balance of the progress achieved in El Salvador since the approval of the Bitcoin Law a year ago.
He cited advances such as the growth of p2p in Latin American countries, the adoption of local stores and even the creation of virtual stores such as the popular Exeno.
For Monica Taher, director of International Technological Affairs for the Secretariat of the Presidency of El Salvador, the massive adoption of bitcoin (BTC) in the Central American country depends on education. An issue that is not only a task for the government, but also for academia and the private sector.
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source https://www.reddit.com/r/btc/comments/vujdxs/monica_taher_bitcoin_adoption_goes_beyond_its_use/
I'm terribly sorry. As the noob that I am, I have previously stated that the latest RPi4 can process Scalenet's 256MB blocks in just under ten minutes. I was wrong.
I had been running a Debug build all along.
For the uninitiated, the main build types are Debug and Release. The Debug preserve debugging information, but are slower. The Release discard debugging information to be faster.
I do my own builds, because I often tinker with the code, trying to tweak things.
I did a Release build earlier today, and instead of processing a 256MB block in just less than 10 minutes, my RPi4 did so in less than two minutes.
2022-07-08T19:22:47Z - Load block from disk: 0.00ms [0.02s] 2022-07-08T19:22:47Z - Sanity checks: 0.01ms [0.23s (0.01ms/blk)] 2022-07-08T19:22:47Z - Fork checks: 0.05ms [0.91s (0.05ms/blk)] 2022-07-08T19:23:08Z - Connect 739725 transactions: 21019.90ms (0.028ms/tx, 0.028ms/txin) [381.62s (22.70ms/blk)] 2022-07-08T19:24:22Z - Verify 739724 txins: 94798.36ms (0.128ms/txin) [2371.05s (141.04ms/blk)] 2022-07-08T19:24:22Z Pre-allocating up to position 0x1400000 in rev00044.dat 2022-07-08T19:24:24Z - Index writing: 1775.66ms [62.51s (3.72ms/blk)] 2022-07-08T19:24:24Z - Callbacks: 0.11ms [0.79s (0.05ms/blk)] 2022-07-08T19:24:24Z - Connect total: 97161.99ms [2448.10s (145.63ms/blk)] 2022-07-08T19:24:29Z - Flush: 4426.12ms [94.02s (5.59ms/blk)] 2022-07-08T19:24:29Z - Writing chainstate: 0.17ms [207.98s (12.37ms/blk)] 2022-07-08T19:24:29Z UpdateTip: new best=00000000017caad8a8cc6dee443a615413336f1aea762e7d0e2ab9d66bd0e138 height=16810 version=0x20000000 log2_work=57.887327 tx=16166556 date='2020-11-14T18:51:58Z' progress=1.000000 cache=530.9MiB(3389885txo) 2022-07-08T19:24:29Z - Connect postprocess: 0.14ms [2.02s (0.12ms/blk)] 2022-07-08T19:24:29Z - Connect block: **101588.43ms** [2752.14s (163.71ms/blk)] Small blockers on suicide watch.
[link] [comments]
source https://www.reddit.com/r/btc/comments/vuiqwm/im_terribly_sorry_as_the_noob_that_i_am_i_have/
Proof of Work Energy Consumption
Consuming energy to power an ASIC to mine a block can not be forged. It's impossible to fake. This protects and secures the network fundamentally.
This foundation is a first principle. Without it you do not have Bitcoin.
Energy consumption enables every other aspect of Bitcoin, without energy consumption you have nothing.
Thoughts? Agree? Disagree? Missing something?
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Friday, 8 July 2022
Congrats to Player 281967 who just won 5.0986 BCH at SpinBCH.com from 0.0026 BCH!
That's roughly around 1 in 1960 chance! Also took a screenshot. https://ibb.co/fNsnvp9
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source https://www.reddit.com/r/btc/comments/vtsa21/congrats_to_player_281967_who_just_won_50986_bch/
Thursday, 7 July 2022
Wednesday, 6 July 2022
How Killed Bitcoin? Documentary screened on Porcfest Day Three - 2022-06-23. Free Talk Live
https://odysee.com/@FreeTalkLive:d/2022-06-23:a about minute 20.
Additional Jeffrey Tucker talking about BCH :)
Documentary link: https://youtu.be/eafzIW52Rgc
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source https://www.reddit.com/r/btc/comments/vs4m51/how_killed_bitcoin_documentary_screened_on/
I still don't get it when people ask what the use case of cryptocurrency is
Without even delving into anything overly technical, I think that question is still the dumbest I've been asked so far about crypto.
I like to say that just the mere fact that cryptocurrencies facilitate cross-border transactions makes it superb. And this is besides all of the other wonderful projects that keep being launched on the blockchain. Imagine being able to earn bucks just by moving (move-to-earn) or the fact that you can mint your creatives into an NFT and get to sell on marketplaces such as Solis, OpenSea, mintable and many others.
Like I said, just the basic fact that I can get funds in the form of Bitcoin, Eth or any other token sent directly from clients around the world makes crypto so useful to me. Some people may not see that as a biggie, but for any freelancer, crypto is damn useful even just as a means of payment.
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source https://www.reddit.com/r/btc/comments/vs605k/i_still_dont_get_it_when_people_ask_what_the_use/
Tuesday, 5 July 2022
Is the Central African Republic going digital? After the adoption of Bitcoin (BTC), the Sango crypto hub goes live in the Central African Republic
Previously, the Central African Republic became the second country to fully adopt Bitcoin (BTC) as an official legal tender, aiming to attract businesses, and investors globally as well as effectively reconstruct crypto regulations and infrastructure in the country.
Now CAR will be launching its newly developed crypto hub project, Sango backed by the CARs National Assembly and aiming to remove the barriers to entry into the banking sector. Several countries and industries have actively undergone projects to further the adoption of cryptocurrencies globally, an example is Zetrix blockchain creating a cross-chain technology to bridge cross-border businesses with smart contracts, security, scalability, and interoperability services offered by the platform.
According to Cointelegraph, the president of CAR stated visions for Sango having a “common cryptocurrency and an integrated capital market that could stimulate commerce and sustain growth” as well as ensuring financial inclusion of citizens gaining access to cryptocurrency via smartphones easily.
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source https://www.reddit.com/r/btc/comments/vri3sf/is_the_central_african_republic_going_digital/
![[OC][Giveaway] Transform your home into a Hodlers universe. Write a comment and receive a free CRYPTOTAG Hodl Light. We will pick the winner in 24 hours. Good luck! 🧡](https://external-preview.redd.it/fxg43HbPnz50UYq5tBW888hPkMV1V1plLAjnv-JVzAY.png?width=640&crop=smart&auto=webp&s=11e1c60bed1b15e9258749c43c93f1c4deb3f3df "[OC][Giveaway] Transform your home into a Hodlers universe. Write a comment and receive a free CRYPTOTAG Hodl Light. We will pick the winner in 24 hours. Good luck! 🧡")
Does anyone have a concrete explanation for this? Blocksize has been climbing steadily for a month while tx. count has been mostly flat. Is this Coinshuffle getting a workout or something?
Should every crypto YouTuber that pushed Celsius, Voyager, Vauld, ...(more to come most likely) be sued?
Every single one of them when times were good "These platforms are safe, sign up with my affiliate link."
Every single one of them when times are bad and accounts are locked (funds are gone) "Not your keys, not your crypto."
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Monday, 4 July 2022
u/i_have_chosen_a_name is in full exit scam mode, removed YEARS of ALL his past comment/post history and ALL contact info
Looks like Matthijs Bos AKA Kain, has gone full exit scam. He convinced me over months to invest $26,000 in his stable coin through private messages.
I am an idiot but what he did was illegal. Selling a stable coin then not even trying to redem its value but ghosting all his investors.
Kain was always a weirdo but I didn't think he was a criminal. Please, anyone else holding his sBUSD token get in touch. He's takening your money and trying to run.
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source https://www.reddit.com/r/btc/comments/vqoxui/ui_have_chosen_a_name_is_in_full_exit_scam_mode/
Which is more private for sending payments: Lightning network or Liquid Confidential Transactions?
I've found myself falling down the privacy rabbit hole the last few days and am looking for a TL;DR on the most private way to send bitcoin.
It seems Lightning Network is the most private way, but I am wondering if Liquid network might be better with it's confidential transactions?
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0x5D973A5B67bc17cb91c228582Fa83bD8D5B34bb8 has $26,000 worth of sBUSD. How can I get my $26,000 back from Kain?
This guy took $26,000 worth of my money and promised to return it when asked. He said MANY TIMES that it was "the safest" option on SmartBCH. In my opinion Kain lied about his stable coin to attract investors.
THEN he apparently has taken out over $300,000 as "payment", but that is not his money.
I spoke to a Canadian attorney yesterday and am ready to move forward with a lawsuit but would MUCH rather Kain just return my money.
Anyone else in this same boat. We know who has out money, but he won't give it back, surly this is a criminal matter, right?
https://www.smartscan.cash/address/0x5d973a5b67bc17cb91c228582fa83bd8d5b34bb8
[link] [comments]
source https://www.reddit.com/r/btc/comments/vqokwu/0x5d973a5b67bc17cb91c228582fa83bd8d5b34bb8_has/
Sunday, 3 July 2022
Users losing funds to companies is not new..
Losing coins to mismanagement has happened many times before and will happend again. Here's a list of companies that have mismanaged user funds over the years. Many of them partnered with reputable companies. Many of them were supposedly "regulated".
Celcius BlockFi 3AC Voyager Hotbit Atomars Thodex Bitcoin7 Mt.Gox Bitcoinica Slush BitFloor Vicurex BitCash Poloniex MintPal Cryptsy 796 Bitstamp KipCoin BTER ShapeShift GateCoin Bitfinex Yapizon Bithumb Coincheck Bitgrail CoinSecure Taylor Coinrail Zaif MapleChange QuadrigaCX Cryptopia Coinbin CoinBene DragonEx Binance Bitpoint VinDAX Altsbit Coinseed Bitcurex Bitcoin-24 If I missed any, add them in the comments.
EDIT: changed wordage to "mismanaged" for the inclusion of BlockFi
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Orange pilling
I have a customer who is in her 70’s and owns a very well established business, real estate and gold/silver. She has been asking me about Bitcoin for sometime and I finally helped her get a Trezor set up, make her first purchase and transfer it to self custody. She is completely none technical. I can get by but I’m no programmer. It took me about two hours to answer all her questions but now she can buy and store BTC completely by herself. I’m proud to have helped her move boldly into the future. This is how the network grows. One person at a time. Next time I see her she wants help with a lightning wallet.
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Bitcoin maximalism is a disease.
I'm tired of seeing people claiming that BTC is the only true cryptocurrency of the world, and that everything else is just a scam. Ignoring the fact that there are thousands of serious projects on the market that actually do things that bitcoin will never be able to, since they're so resistent to improvements in their own coin. So they're proposing those crypto shouldn't exist, even though bitcoin cannot replace what they're capable of doing?!
They claim that every crypto was created just to enrich its developers, ignoring the fact that Satoshi Nakamoto himself have mined over 1 million BTC alone. He have created the rules of 50 BTC reward per block and its halving and knew the fact that him and the early adopters would have the opportunity to enrich themselves way before bitcoin getting mainstream.
They claim that the fact that bitcoin has never fallen from the first position on market cap proves that it's the best coin, ignoring that 99% of them don't use it as a currency, but to espectulate at its price fluctuation as if they were stocks. We still don't see bitcoin being used by Google, Amazon or Ebay to buy goods and services. It's still resctricted to a small niche of online sellers, over 10 years have passed and nothing has improved.
I don't think there's a perfect crypto in the world right now. And that's exactly why we need as much competition as possible. Bitcoin is slow, has high fees and it's complicated to use for an average person. I mean, wallets are still relying on scanning QR codes in 2022? For real? Couldn't they have already developed a simpler way to make payments, like a native bitcoin credit card that's complatible with the average card machine on the market? Do they really expect that bitcoin will gain mass adoption as a payment system acting like that?!
Anyway, that's my opinion, let me know what you have to say about it, even if you completely disagree with me. I'd love to hear your arguments to have a healthy discussion about this subject.
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source https://www.reddit.com/r/btc/comments/vpyuxp/bitcoin_maximalism_is_a_disease/
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