"We propose a B2B electronic gold system. For everything else there's Mastercard" -Satoshi whitepaper (Blockstream Edition)

submitted by /u/m4cr0ch1p [link] [comments]

source https://www.reddit.com/r/btc/comments/dh3tys/we_propose_a_b2b_electronic_gold_system_for/

The Irony: Adam Back Talking to Tone "The-Freeloader" Vays about free loader risk

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

source https://www.reddit.com/r/btc/comments/dh3f4n/the_irony_adam_back_talking_to_tone_thefreeloader/

Debunking latest Core rhetoric: Medium of Exchange ≠ Means of Payment

Lately I've seen the "medium of exchange is not the same thing as a method of payment" idea being floated a lot by BTC maxis. Saifdean Ammous tried to pull this out in his debate with a George Selgin. The Bitcoin Observer also mentioned this argument on Twitter in a discussion about Libra's failure. However, according to this paper, the distinction between a medium of exchange and a means of payment is that a means of payment is not necessarily settled immediately. They argue that currency is a medium of exchange, while checks and debit cards are not.

In my opinion, this exposes the fundamental flaw in the argument that "Bitcoin is not a method of payment". It's as if the Coretards are trying to separate Bitcoin UTXOs from the Bitcoin P2P network and Bitcoin mining, and arguing that the network isn't important, and mining is a given. However, without the payment, mining, and P2P validation network, BTC UTXOs have a clear value: ZERO. You can't separate them, the value depends 100% on the network and mining. And as we saw in 2017, when fees rose over $100/transactions, a fair percentage of UTXOs became unspendable, as the fees to move them would be higher than their value.

Of course, we live in a world increasingly dominated by electronic fiat, is this a medium of exchange? Electronic fiat has a fairly tenuous supply and value, and it also depends intrinsically on a payment network that is controlled by governments and corporations. Increasingly, electronic fiat appears to be more a method of spurring labor and creating debt.

Thoughts are welcomed.

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

source https://www.reddit.com/r/btc/comments/dh3s26/debunking_latest_core_rhetoric_medium_of_exchange/

Bakkt Bitcoin Trading Volume Suddenly Explodes

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

Does everyone realize the importance of getting major exchanges fully SW compatible before the having mania begins??

I can’t stress this enough. And this thread is going to age either really well or really poorly.

Over the next six months, BTC mania is going to become ridiculous. Activity is going to quadruple. If the major exchanges are not fully compliant with SW and even LN where appropriate, we are screwed.

The last thing we want is to have the network grinding to a halt again, at the most important time, because it can’t handle the increased transaction capacity.

Every single person here hoping for value gains because of the Halving may see the very opposite if the world observes that BTC still can’t even handle a little uptick in activity.

This is a serious problem.

I know there are “no leaders“ in bitcoin. But those that are actually the leaders, need to do something immediately. Get on the phone with the exchanges and get this handled.

I’m telling you. The damage that could be done to BTC’s reputation in April 2020 if it grinds to a halt again, could be severe.

submitted by /u/Gontyhaipo
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Videos that explain bitcoin?

Hi. A lot of my coworkers are always asking me about bitcoin since I’m always checking it at work. I figure the easiest way to educate them would be to send or link to videos that explain it. Could y’all please point me in the direction of any informational videos especially some that are easy to understand? Thanks!

submitted by /u/bonedaddy919
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Dividends using Bitcoin Cash tokens?

Is this already possible/feasible? And how? And what are best practices?

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

source https://www.reddit.com/r/btc/comments/dh23jm/dividends_using_bitcoin_cash_tokens/