Someone bought a coffee for 130 BTC in 2011

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

Is proof-of-work environmentally responsible?

I have been a staunch supporter of Bitcoin Cash since its inception. It was always clear to me that the fundamental design of bitcoin was cheap transactions and the goal was to scale for global adoption.

HOWEVER, I am have become increasingly concerned with the environmental impact of mining.

https://digiconomist.net/bitcoin-energy-consumption

Would BCH’s energy-foot print be comparable to or even greater than BTC’s if it became widely adopted? Until recently I understood proof-of-work energy consumption as necessary and justifiable for replacing traditional monetary systems. But proof-of-stake systems call that into question.

Many blockchains are demonstrating successful implementations of PoS... these systems use an inconsequential amount of energy compared to PoW, not to mention eliminating physical waste and empowering everyday holders.

If proof-of-stake is demonstrably secure, could BCH adopt it? Aught the future of digital money be not only socially responsible, but environmentally responsible as well?

Thinking about the potentially unnecessary energy consumption of a globally adopted cryptocurrency makes me doubt BCH for the first time, and the current trajectory of the Bitcoin project altogether.

Would love to hear your thoughts /r/btc community! 💎

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

source https://www.reddit.com/r/btc/comments/lpfsxl/is_proofofwork_environmentally_responsible/

Looking for btc data

Does anyone know where to find data showing how much btc was transacted in 2020 as an actual currency (spent to buy goods / services), rather than how much was transacted as an investment of sorts?

submitted by /u/verik69
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source https://www.reddit.com/r/btc/comments/lpfzrt/looking_for_btc_data/

Btc stuck for days. Can't RBF or anything. Could possibly use long process of using private keys to manually push through with another payment. How long do I have to wait before it's simply canceled? Accidently put my own fee of .61 cents on bitcoin.com wallet.

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

source https://www.reddit.com/r/btc/comments/lpf7z4/btc_stuck_for_days_cant_rbf_or_anything_could/

BTC vs BCH is starting to feel a lot like VHS vs Betamax

I fully support BCH, and hold most of my crypto through it. But... I can't help but worry about it's future. No matter how superior a newer product is, people seem to flock to the more well-known one. Just like VHS vs Betamax, Nintendo DS vs PSVita, iPhone vs Android. I can't be the only one right?

submitted by /u/_A_T_O_M_I_C_
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source https://www.reddit.com/r/btc/comments/lpeqk0/btc_vs_bch_is_starting_to_feel_a_lot_like_vhs_vs/

Daily Discussion, February 21, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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People used to mock me and my company as scammer because accepting and advocating bitcoin. I never gived up.

Hi friends, I feel to share my story only to inspire others to DON'T JUST GIVE UP when you truly belive in yourself and what you like.

Im a 27y raised by a lovely family un a tiny Italian city, as a teenager I spent all my time exploring internet when 56K was my only solution to explore the world, learn new thing, meet new friends using netlog, MySpace and MSN messenger and one day came across bitcoin around 2010.

I wasn't financially independent so I kept my attention on it while collecting spare change for the future. Well I raised with my pession in IT, computers, coding, collecting some tips fixing friends and family stuff was a good challenge for me to develop skills and keep my pession on that.

Around 2013 I moved to UK on my own living a dream so I applied to hospitality to pay my rent and later moved to computer and smartphone repairs shop to basically living, it was a very fun time I don't regret. I knew in UK I could find some btc atm and I had a list of it and sometimes I stopped by and bought some satoshi. It was my emergency fund.

Sad to say I had to use some of satoshi collected, but I don't regret that, it was for good cause and I was in need to do so but i kept collecting.

In late 2016 I back home, I had that dream in my head never left me: I want to found my own IT company working for myself, in my country, doing what I really love to do. Folks, in early 2017 I made it. Thanks to my family who never stop to support me and all sacrifices that we/they made.

So I started to accept bitcoin for IT consulting services, coding basic websites, repairs, and sometimes sharing w/ people what Bitcoin is just to make aware it exist. Never pushing a single one to buy, never pushing to invest into, just talking about it.

Many couldn't get it so for them I was a scammer, a lier or a ponzi-scheme advocate. That was hurting, but I did nothing wrong, so keep doing my work and doing my stuff.

Today, a few of them told me: "man, you was right." Priceless.

TL;DR: accepting bitcoin at my company was a red flag for people like I was promoting a ponzi-scheme, today a few of them texted me I was right about talking/investing in Bitcoin!

Edit: Thanks for the award!

submitted by /u/citizenfrombutera
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