Emin Gün Sirer:"Scammers steal £113k from Bitcoin [BTC] ATMs by exploiting the incredibly slow confirmation times and replace by fee feature."

submitted by /u/Egon_1 [link] [comments]

source https://www.reddit.com/r/btc/comments/ca0ka8/emin_gün_sirerscammers_steal_113k_from_bitcoin/

Credit where credit is due: Facebook's Libra

Hello Everyone,

Facebook’s Libra coin has a lot of benefits and it’s important to recognise them. When steps are made in the right direction it should be celebrated.

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Why is Facebook’s Libra a step in the right direction?

There are billions of people around the world who don’t have access to financial infrastructure, let alone sound money.

When considering this keep in mind, if you are in a developed (typically western) country you have never faced the issues of rampant deflation or an inability to access financial infrastructure (in recent memory).

Facebook is going to make a basket of stable, usable, widely accepted currency available to 2.3 billion people. This is a truly amazing feat. They will, almost overnight, give the option for whole nations of people access to the standard of financial infrastructure many of us take for granted.

Borderless, fast, secure and stable money is going to help an incredible amount of people. I remember when this was touted as almost the paramount goal of Bitcoin. (Although I do consider its paramount goal to be an exit option from the financial system).

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This is great for decentralised currencies.

This is not a direct competitor to the decentralised currencies we have grown to love. Facebook is tied to fiat, therefore it is tied to traditional systems, systems designed for financial stability not systemic stability. A great article explaining this was done by Caitlin Long (1).

What Facebook’s coin will do is give validity to the cryptocurrency systems and security, whilst also identifying key concerns that are already being addressed in decentralised cryptocurrencies.

Consider what we hear about Facebook’s Libra project being “bad”: federated control, tied to fiat currencies, privacy concerns over facebook, government’s ability to control, etc… All of these issues are being tackled in the decentralised space. It’s incredible that ‘mainstream’ personalities are now talking about cryptocurrency and how to make it better. Sure they might not realise that solutions to these problems exist, are being addressed and continuously developed, but they are now considering and thinking about. Amazing.

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In closing:

Facebooks coin brings a lot of the benefits of cryptocurrencies to the real world and will have a large and positive impact; borderless, fast, stable and secure currency available for 2.3 billion people. Regardless of motives, they are proving, on the world stage, the power of cryptocurrencies. This is a step in the right direction, this will help a lot of people who need a better option and at the same time highlight that its areas of concern are being addressed in the form of decentralised currencies.

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Tldr; Facebook’s coin makes fast, borderless, stable currency available to those who need it, whilst highlighting the importance of decentralised cryptocurrencies.

1. https://www.forbes.com/sites/caitlinlong/2019/06/29/bitcoin-the-dollar-and-facebooks-cryptocurrency-price-volatility-versus-systemic-volatility/#6490dafb88b8

submitted by /u/wheasey
[link] [comments]

source https://www.reddit.com/r/btc/comments/ca08iz/credit_where_credit_is_due_facebooks_libra/

Iran Technology Minister: Government to Issue Bitcoin Mining Regulations - CoinSpice

submitted by /u/afriendofsatoshi [link] [comments]

source https://www.reddit.com/r/btc/comments/c9zuxu/iran_technology_minister_government_to_issue/

My adventure so far in Calgary playing music on the street (and promoting Bitcoin Cash as soon as my biggass sign is ready)

submitted by /u/Kain_niaK [link] [comments]

source https://www.reddit.com/r/btc/comments/c9yuas/my_adventure_so_far_in_calgary_playing_music_on/

Buying BTC with PayPal/credit card without id verification

Hey all. Is there a way to do this? I don’t care how convoluted it is. Since virwox has closed PayPal and most of the steam key places lock you out and demand verification I need a way to do this. Thanks.

submitted by /u/Junglylol
[link] [comments]

source https://www.reddit.com/r/btc/comments/c9pjvj/buying_btc_with_paypalcredit_card_without_id/

Need help recovering wallet with seed phrase.

First of all - don't try to scam me, I won't be sharing the seed phrase with anyone who DMs me.

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Back in December of 2017 I bought my mom a small amount of BTC and Bitcoin Cash and sent it to her (and she had confirmed over the phone that she saw it appear in her respective BTC and BCH wallets). Two years later, I'm visiting home for the 4th of July and neither of the two apps she has on her phone shows any transaction history for bitcoin or bitcoin cash. The first app is the Bitcoin.com app, which is the one I'm 99% sure she had her BTC and BCH stored on. The other app is Airbitz (I think this is now edge). It's really strange that neither app shows a transaction history, but regardless, I'm looking for help recovering her address with the seed phrase that she has written down on a piece of paper. Neither of these apps seem to have an option to "recover using seed phrase". I tried doing a seed recovery with the electrum wallet (this was the only wallet with a seed recovery guide online that I could easily find) and it didn't work. Any help will be much appreciated.

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ALSO: I'm not looking for lectures on why I should keep crypto stored offline. This was a relatively small purchase (around $150) for my Mom for fun . . . I have my personal crypto stored on a Trezor offline. I wasn't going to buy her an $80 hardware wallet to secure $150 of crypto.

submitted by /u/crickyb24
[link] [comments]

source https://www.reddit.com/r/btc/comments/c9pggn/need_help_recovering_wallet_with_seed_phrase/

Would sending a Segwit and non-Segwit Tx on BTC be any different for sending under $50?

I have sent both SegWit and "legacy" Txs on BTC and saw no difference on confirmation time or the fee.

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Are all these Blockstream trolls really just lying or have they never even tried sending BTC before they defend it?

submitted by /u/btcCore_isnt_Bitcoin
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source https://www.reddit.com/r/btc/comments/c9osz8/would_sending_a_segwit_and_nonsegwit_tx_on_btc_be/