What happens if China gov takes control of the mining pools? Will BTC core devs do an emergency fork? Anyone worried about this given that China is soon to launch their own digital yuan?

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

What happens to your taxes if Bitcoin hard forks?

I've read the article below but I'm still confused. If Bitcoin or another coin hard fork, does that mean Im taxed on the new created coin??

Forbes: IRS Issues New Guidance On The Tax Treatment Of Cryptocurrency. https://www.forbes.com/sites/kellyphillipserb/2019/10/09/irs-issues-new-guidance-on-the-tax-treatment-of-cryptocurrency/

submitted by /u/A1_Power
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Bitcoin News Summary – October 14, 2019 The post Bitcoin News Summary – October 14, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin.  Some of the biggest corporate backers of Facebook’s Libra currency have withdrawn from the project, dealing a major blow to Facebook’s plans for a global cryptocurrency. Visa, MasterCard, eBay, and Stripe have all followed PayPal’s lead in bowing out of the Libra Association, just prior to its upcoming [...]

The post Bitcoin News Summary – October 14, 2019 appeared first on 99 Bitcoins.

Here’s what happened this week in Bitcoin.  Some of the biggest corporate backers of Facebook’s Libra currency have withdrawn from the project, dealing a major blow to Facebook’s plans for a global cryptocurrency. Visa, MasterCard, eBay, and Stripe have all followed PayPal’s lead in bowing out of the Libra Association, just prior to its upcoming [...]

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How does recovering from seed phrase locate ALL of your previously generated private/public key pairs in a reasonable amount of time?

Apologies if this is a repost or the title/question is a bit stupid. The Reddit search function isn't working for me right now so I wasn't able to search this sub for answers. However, I've had no luck on Google either.

Basically, I understand how the seed phrase works. You use it (a number representation) to derive your "master" key. From this master key you can derive as many private/public key pairs/addresses as you want. But my question is, if you're recovering from a seed phrase, how does the wallet know which private keys have been derived already and used? For example, if your private key was just hash(master key + random integer), and there were infinite possibilities for the random integer, wouldn't the wallet have to try a ridiculous amount of possibilities before getting the right pairs? Or search through every address on the blockchain try to see if the seed phrase yields the private key corresponding to that address?

submitted by /u/redditbay_cfaguy
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We know Facebook is evil and Libra would be a strange thing, but reading a letter from a senator threatening former Libra Association members is something you can't take as ok.

submitted by /u/schedulle-cate [link] [comments]

source https://www.reddit.com/r/btc/comments/dhkt4s/we_know_facebook_is_evil_and_libra_would_be_a/

US Securities Exchange will again reject Bitcoin ETF application

The US Securities and Exchange Commission (SEC) again refused to create an application for a Bitcoin exchange-traded fund (ETF).

The SEC stated that the ETF proposal submitted by Bitwise Asset Management and NYSE Arca does not meet the legal requirements to prevent market manipulation or other illegal activities.

The Bitcoin ETF will allow investors to invest in such digital currencies without actually buying them or storing Bitcoin. However, to date, the SEC has rejected all Bitcoin ETF proposals on the grounds of market manipulation and fraudulent activity, reflecting the huge regulatory obstacles faced by cryptocurrency investments.

submitted by /u/Moustache_Group
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source https://www.reddit.com/r/btc/comments/dhkjnz/us_securities_exchange_will_again_reject_bitcoin/

Just walking through the mall today and saw a Bitcoin ATM right in the middle of the shopping center! South Park Mall, NC. I’ve seen them on reddit but I couldn’t believe it. Almost teared up to see how far it’s come. I LOVE BITCOIN! 🚀

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