submitted by /u/XolosRamirez [link] [comments] |
source https://www.reddit.com/r/btc/comments/xyap9g/xolostothemoonbch_follow_on_twitter_our_new/
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Hi all!
I recently had a great experience with BCH and would like to start mining and staking it.
Being a newbie, can you please help me getting started?
Thank you!
In the future we will have more energy and everyone will have much better computers
BTC is digital gold because it's limited to 21 million and it takes a lot of work to mine BTC. So BTC is mostly valued for the amount of time it takes to mine and the energy spent doing it.
In the future we will have more energy available, so the energy spent mining btc now will be insignificant. A great amount of people in the world will have access to computer and we'll also have much more powerful computers, so the time it took to mine BTC will insignificant with the new tech available to everyone.
So at that time, the only value to BTC is that there's a limited supply. But anyone can create a blockchain or any other kind of tech and make it limited.
So maybe what is more important than anything is the use case for BTC. But other blockchains like ETH, ADA, XMR have much better use case because of the smart contracts. BTC is just digital gold.
Over the last 6 months or year LN has been adding an average of 7 btc per day.
That has accelerated the past week. 26 btc added in last 24 hours. Any idea what apps/organizations/use cases are most responsible for this?
The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.
Here is the place to discuss and learn more about lightning!
Ask your questions about lightning
Provide reviews, feedback, comparisons of LN apps, services, websites etc
Learn about new LN features, development, apps
Link to good quality resources (articles, wikis etc)
Resources:
Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html
Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/
Previous threads: Search
Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook
Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt
Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY
Lightning stores: https://www.lightningnetworkstores.com/
Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat
I believe currently the segwit blocksize limit is 4mb - but since segwit txns still have a foot-print in the 1mb-limited space, segwit blocks have a theoretical upper limit they can be.
What is that limit?
Although I suppose in the future there could be segwit-x transactions which do not have any usage in the 1mb space - thereby removing any ceiling on BTC blocksize. That is if the Core Devs allow it.
https://medium.com/@nicolas.och/charles-darwin-would-buy-bitcoin-62e0ca11079 Why Bitcoin’s Energy Consumption Is An Optimised Design By Nature Bitcoin’s energy consumption has been widely criticised. People claim that it is an outdated feature and newer, more modern blockchains have overcome that problem. I wrote an article to discuss why it is a common misconception of Bitcoin. In fact, the article argues that Bitcoin’s energy usage is an optimal design choice which is based on scientific laws and forms the most critical component to make Bitcoin the most advanced and secure store of value. [link] [comments] |
There's lots of new people, they might not be fully orange pilled at this point. Let's get a few things straight.
The US debt is massive, they're not going to pay for it with tax cuts, they are going to pay for it with printing. If you hold fiat, if you have contracts that promise to pay you later in fiat (e.g. bonds) then you will pay for that debt in proportion to that fiat exposure. It will be intentionally, by design, not clear the exact moments when that inflation takes place (e.g. when the printing happens, when financial assets show price increase, when land shows price increase, when bread does). If everyone knew exactly when fiat loses it's value, they'd dodge those losses.
You can debate the morality of who racked up that debt, who should pay for it, what all that money bought, etc. But the facts are that you will pay it off and more in proportion to your fiat exposure and it will be hard to predict. Bitcoin isn't a good asset to speculate on and jump back to the 'safety' of fiat. Fiat is a ship guaranteed to sink, it just sinks slow since it's so big. Bitcoin is a non-sinking ship. It's that simple. Get off fiat. Stay off.
I'm new to crypto and I'm trying to buy bitcoin but I don't see an option for Visa on there.
If you paid for #bitcoin and don't hold it in your own wallet, you don't have any bitcoin.
You might have given an exchange your fiat money, bought some on their market from other customers, and the exchange credited your account page with a number next to the symbol of Bitcoin - but that's not bitcoin.
That's a personal account you have with the exchange that no one else in the world recognises. It's a claim to some bitcoin that the exchange has in THEIR wallet. Well, MIGHT have in their wallet.
Consider the analogy of buying gold online, and then seeing your account credited, but never receiving the gold in your hands. You just got scammed. Do they even have the gold? Will they give it to you if you asked? Don't make the same mistake with your bitcoin #deletecoinbase
If you don't know how or are too scared to do this, you can take baby steps listed here to learn...
I always leave my bank account empty excluding money for the bills and living expenses. I really wanted a takeaway last night. After a google search, I found out that coin base sells just-eat gift cards, as well as other gift cards. This for me is great news because now I can use my bitcoin wallet when there’s a small peak, while depositing when the value drops a little, saving me money. It also means I can now save more Bitcoin and do my shopping with brought gift cards instead.
I just can’t wait/hope that in the future all companies will take bitcoins, even for things like down payments for a house; but untill then, I’m gunna keep saving.
Slowly, but surely we are breaking away from banks.
Need help purchasing my seizure medication please...
I can't afford my medicine for my seizures and I don't have insurance.
I'm a full day without my seizure medication. I'm so sorry for asking but I'm up against a wall right now. My funds went to my mother's cancer meds that wasn't paid by Medicare. Anything will make a difference!
$christianm1977 - Cashapp card is all I have.
Thank you!
I used to rely on LTC for "cheap" transactions but now the minimum withdrawals on LTC have become too high in pools an exchanges. In the end it would seem BCH is one of the only blockchains that ended up having usable fees.
Since lightning transactions are aggregated and settled on chain later, is there a risk someone could ‘front run’ their lightning transaction?
So for example, you pay bob 0.1 BTC on lightning, but then you instantly drain your wallet on chain into another wallet you own on chain before lightning settles.
Do I just have it all wrong? Is this impossible?
Hi guys,
I can't not go to the conference so I have a ticket for sale. If anyone is interested can DM me.
Cheers!