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  • Core minions don't like the existing reality. So they create their own cozy reality. 🤷‍♂️
    by /u/Egon_1 on February 17, 2019 at 9:38 pm

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

  • Railroaded: the targeting and caging of Ross Ulbricht (audiobook produced by Lynn Ulbricht)
    by /u/Anen-o-me on February 17, 2019 at 9:26 pm

    submitted by /u/Anen-o-me [link] [comments […]

  • Wait, so Atomic Swaps are real? Why don't we have non-custodial exchanges then?
    by /u/chriswilmer on February 17, 2019 at 9:03 pm

    Apologies in advance for not having followed the discussions on atomic swaps closely over the years, but I recently read Mark Lundeberg's excellent descriptions on them on GithubGist. It seems fairly straightforward. If that's the case, why hasn't someone created a purely peer-2-peer Shapeshift yet? ​ There would be a few details to work out, but essentially you can just create a website where people post their "bid" prices (e.g., 2 ETH for 1 BCH) [1]. These people who post are the "makers." The website can help merely sort the bids so it's easy to find the best price for the "takers." The website can help the takers format their atomic swap transaction appropriately to swap with the "maker" and then *poof*, the exchange is made without any central custodian. ​ [1] Posting a bid on the website requires getting to step 3 in Mark's description of hash locked atomic swaps submitted by /u/chriswilmer [link] [comments […]

  • Bitcoin Transaction Volume is Nearing All-Time High: Crucial For the End of Bear Market
    by /u/Cryptoboy88 on February 17, 2019 at 7:31 pm

    submitted by /u/Cryptoboy88 [link] [comments […]

  • Major Red Flag🚨: Bitfinex is trading Bitcoin Core (BTC) with a premium of $100!
    by /u/Egon_1 on February 17, 2019 at 7:10 pm

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

  • "The Birth of a Monster" --- on the 100th anniversary of the creation of the Federal Reserve
    by /u/Anen-o-me on February 17, 2019 at 6:53 pm

    submitted by /u/Anen-o-me [link] [comments […]

  • Brian Hoffman: "It’s hilarious that all it took to get maximalists triggered was Andreas to attend #ETHDenver"
    by /u/Egon_1 on February 17, 2019 at 6:33 pm

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

  • I'd like to let the CFTC know that I'm willing to testify under oath that I am Satoshi.
    by /u/uiuyiuyo on February 17, 2019 at 5:13 pm

    Let it be known, on this amazing PUBLIC space, where anyone can post whatever they want, that I am willing to testify to the CFTC that I am Satoshi. Let it also be known, that even though there is no real way to prove it one way or another, and that even though the CFTC hasn't even expressed interest in talking to me and verifying that claim (and probably never will), I will still do it under oath. I am Satoshi, not that CSW fraud. submitted by /u/uiuyiuyo [link] [comments […]

  • Shift card is shutting down its debit card in April
    by /u/Egon_1 on February 17, 2019 at 4:42 pm

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

  • BTC Maximalists are not pleased about Andreas' Ethereum work
    by /u/Egon_1 on February 17, 2019 at 4:38 pm

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

  • Hot And Sunny North Queensland Introduces - The Hot BCHocolate
    by /u/where-is-satoshi on February 17, 2019 at 4:26 pm

    submitted by /u/where-is-satoshi [link] [comments […]

  • Acapulco Victim's Letter, Wyoming Recognizes Crypto and more Bitcoin Cas...
    by /u/SweetSweetCrypto on February 17, 2019 at 4:21 pm

    submitted by /u/SweetSweetCrypto [link] [comments […]

  • "If fees get that high [$70-$700] it means BTC is doing great!" And this is the path to mass adoption?
    by /u/unstoppable-cash on February 17, 2019 at 4:18 pm

    submitted by /u/unstoppable-cash [link] [comments […]

  • 9 Reasons Cryptocurrency Is Better Than Credit Cards Today
    by /u/NibiruHybrid on February 17, 2019 at 4:16 pm

    submitted by /u/NibiruHybrid [link] [comments […]

  • "One of the first things that I learned when I started managing online communities is that one bad member can drive out ten, or even a hundred, good members. By keeping those bad community members, you're not only shrinking your community, but worsening it too."
    by /u/Egon_1 on February 17, 2019 at 3:38 pm

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

  • Naive Thinking: banks won't let that happen!
    by /u/Egon_1 on February 17, 2019 at 3:33 pm

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

  • How to Outwit Blockchain Analysis and Conceal Your Coins
    by /u/MasterArachnid2 on February 17, 2019 at 3:13 pm

    submitted by /u/MasterArachnid2 [link] [comments […]

  • Why Bitcoin Cash ? Because Bitcoin Cash is about personal freedom, joy, happiness and wonder.
    by /u/ShadowOfHarbringer on February 17, 2019 at 2:56 pm

    Bitcoin Cash is about wonder because it allows to do things unthinkable several years ago - to send and receive one's wishes and value to other people anywhere on the globe, without any middleman taking a cut, being able to control it, slow it down or stop it. . Bitcoin Cash is about personal freedom, because it has the most censorship-free and freedom-loving community in perhaps all of Crypto world, the same people who started the Bitcoin movement 10 years ago. . Bitcoin Cash is about joy, because it allows you to receive and share your value, purchase and fund things that bring joy to you, your family, your friends and anybody on earth, anywhere, anytime. . Bitcoin Cash is about happiness, because it allows you to give happiness to others and receive happiness from others without third persons stopping it or charging a percentage. It allows you to keep things that give you happiness from the hands of greedy people and thieves. . Bitcoin Cash is what I got excited about in 2009 and why I am here, in the Crypto world. submitted by /u/ShadowOfHarbringer [link] [comments […]

  • Dear BTC Maximalists, based on your worldview is Andreas a traitor?
    by /u/Egon_1 on February 17, 2019 at 2:27 pm

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

  • Paul Sztorc: “Will people really spend $70-$700 to open/modify a lightning channel when there's an Altcoin down the street which will process a (USD-denominated) payment for $0.05 ? Many people seem to think yes but honestly I just don't get it”
    by /u/Egon_1 on February 17, 2019 at 2:05 pm

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

  • Craig Wright has announced he will be questioned by CFTC claiming that he is satoshi and issuer of Bitcoin
    by /u/Naturex1 on February 17, 2019 at 11:36 am

    Read the Attachment. This will be interesting.. submitted by /u/Naturex1 [link] [comments […]

  • Bulk Bitcoin BCH Merchant On-boarding In North Queensland - 2019 Looking Good!
    by /u/where-is-satoshi on February 17, 2019 at 10:52 am

    submitted by /u/where-is-satoshi [link] [comments […]

  • Big North Queensland Bitcoin BCH Meetup 1st March
    by /u/where-is-satoshi on February 17, 2019 at 10:20 am

    submitted by /u/where-is-satoshi [link] [comments […]

  • Popular Gifting Platform Swych starts accepting payments in Bitcoin Cash
    by /u/EffectiveWait on February 17, 2019 at 8:37 am

    submitted by /u/EffectiveWait [link] [comments […]

  • Anarchapulco: Ron Paul takes the stage, attacks the Fed and government control of and inflation of Fiat currency
    by /u/Anen-o-me on February 16, 2019 at 6:52 pm

    submitted by /u/Anen-o-me [link] [comments […]

  • Frequently Asked Questions and Information Thread
    by /u/BitcoinXio on October 4, 2018 at 8:23 pm

    This FAQ and information thread serves to inform both new and existing users about common Bitcoin topics that readers coming to this Bitcoin subreddit may have. This is a living and breathing document, which will change over time. If you have suggestions on how to change it, please comment below or message the mods. What is /r/btc? The /r/btc reddit community was originally created as a community to discuss bitcoin. It quickly gained momentum in August 2015 when the bitcoin block size debate heightened. On the legacy /r/bitcoin subreddit it was discovered that moderators were heavily censoring discussions that were not inline with their own opinions. Once realized, the subreddit subscribers began to openly question the censorship which led to thousands of redditors being banned from the /r/bitcoin subreddit. A large number of redditors switched to other subreddits such as /r/bitcoin_uncensored and /r/btc. For a run-down on the history of censorship, please read A (brief and incomplete) history of censorship in /r/bitcoin by John Blocke and /r/Bitcoin Censorship, Revisted by John Blocke. As yet another example, /r/bitcoin censored 5,683 posts and comments just in the month of September 2017 alone. This shows the sheer magnitude of censorship that is happening, which continues to this day. Read a synopsis of /r/bitcoin to get the full story and a complete understanding of why people are so upset with /r/bitcoin's censorship. Further reading can be found here with a giant collection of information regarding these topics. Why is censorship bad for Bitcoin? As demonstrated above, censorship has become prevalent in almost all of the major Bitcoin communication channels. The impacts of censorship in Bitcoin are very real. "Censorship can really hinder a society if it is bad enough. Because media is such a large part of people’s lives today and it is the source of basically all information, if the information is not being given in full or truthfully then the society is left uneducated [...] Censorship is probably the number one way to lower people’s right to freedom of speech." By censoring certain topics and specific words, people in these Bitcoin communication channels are literally being brain washed into thinking a certain way, molding the reader in a way that they desire; this has a lasting impact especially on users who are new to Bitcoin. Censoring in Bitcoin is the direct opposite of what the spirit of Bitcoin is, and should be condemned anytime it occurs. Also, it's important to think critically and independently, and have an open mind. What is the goal of /r/btc? This subreddit is a diverse community dedicated to the success of bitcoin. /r/btc honors the spirit and nature of Bitcoin being a place for open and free discussion about Bitcoin without the interference of moderators. Subscribers at anytime can look at and review the public moderator logs. This subreddit does have rules as mandated by reddit that we must follow plus a couple of rules of our own. Make sure to read the /r/btc wiki for more information and resources about this subreddit which includes information such as the benefits of Bitcoin, how to get started with Bitcoin, and more. What is Bitcoin? Bitcoin is a digital currency, also called a virtual currency, which can be transacted for a low-cost nearly instantly from anywhere in the world. Bitcoin also powers the blockchain, which is a public immutable and decentralized global ledger. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. Read the Bitcoin whitepaper to further understand the schematics of how Bitcoin works. What is Bitcoin Cash? Bitcoin Cash (ticker symbol: BCH) is an updated version of Bitcoin which solves the scaling problems that have been plaguing Bitcoin Core (ticker symbol: BTC) for years. Bitcoin (BCH) is just a continuation of the Bitcoin project that allows for bigger blocks which will give way to more growth and adoption. You can read more about Bitcoin on or read What is Bitcoin Cash for additional details. How do I buy Bitcoin? You can buy Bitcoin on an exchange or with a brokerage. If you're looking to buy, you can buy Bitcoin with your credit card to get started quickly and safely. There are several others places to buy Bitcoin too; please check the sidebar under brokers, exchanges, and trading for other go-to service providers to begin buying and trading Bitcoin. Make sure to do your homework first before choosing an exchange to ensure you are choosing the right one for you. How do I store my Bitcoin securely? After the initial step of buying your first Bitcoin, you will need a Bitcoin wallet to secure your Bitcoin. Knowing which Bitcoin wallet to choose is the second most important step in becoming a Bitcoin user. Since you are investing funds into Bitcoin, choosing the right Bitcoin wallet for you is a critical step that shouldn’t be taken lightly. Use this guide to help you choose the right wallet for you. Check the sidebar under Bitcoin wallets to get started and find a wallet that you can store your Bitcoin in. Why is my transaction taking so long to process? Bitcoin transactions typically confirm in ~10 minutes. A confirmation means that the Bitcoin transaction has been verified by the network through the process known as mining. Once a transaction is confirmed, it cannot be reversed or double spent. Transactions are included in blocks. If you have sent out a Bitcoin transaction and it’s delayed, chances are the fee you used wasn’t enough to out-compete others causing it to be backlogged. The transaction won’t confirm until it clears the backlog. This typically occurs when using the Bitcoin Core (BTC) blockchain due to poor central planning. If you are using Bitcoin (BCH), you shouldn't encounter these problems as the block limits have been raised to accommodate a massive amount of volume freeing up space and lowering transaction costs. Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap? As described above, transaction fees have spiked on the Bitcoin Core (BTC) blockchain mainly due to a limit on transaction space. This has created what is called a fee market, which has primarily been a premature artificially induced price increase on transaction fees due to the limited amount of block space available (supply vs. demand). The original plan was for fees to help secure the network when the block reward decreased and eventually stopped, but the plan was not to reach that point until some time in the future, around the year 2140. This original plan was restored with Bitcoin (BCH) where fees are typically less than a single penny per transaction. What is the block size limit? The original Bitcoin client didn’t have a block size cap, however was limited to 32MB due to the Bitcoin protocol message size constraint. However, in July 2010 Bitcoin’s creator Satoshi Nakamoto introduced a temporary 1MB limit as an anti-DDoS measure. The temporary measure from Satoshi Nakamoto was made clear three months later when Satoshi said the block size limit can be increased again by phasing it in when it’s needed (when the demand arises). When introducing Bitcoin on the cryptography mailing list in 2008, Satoshi said that scaling to Visa levels “would probably not seem like a big deal.” What is the block size debate all about anyways? The block size debate boils down to different sets of users who are trying to come to consensus on the best way to scale Bitcoin for growth and success. Scaling Bitcoin has actually been a topic of discussion since Bitcoin was first released in 2008; for example you can read how Satoshi Nakamoto was asked about scaling here and how he thought at the time it would be addressed. Fortunately Bitcoin has seen tremendous growth and by the year 2013, scaling Bitcoin had became a hot topic. For a run down on the history of scaling and how we got to where we are today, see the Block size limit debate history lesson post. What is a hard fork? A hard fork is when a block is broadcast under a new and different set of protocol rules which is accepted by nodes that have upgraded to support the new protocol. In this case, Bitcoin diverges from a single blockchain to two separate blockchains (a majority chain and a minority chain). What is a soft fork? A soft fork is when a block is broadcast under a new and different set of protocol rules, but the difference is that nodes don’t realize the rules have changed, and continue to accept blocks created by the newer nodes. Some argue that soft forks are bad because they trick old-unupdated nodes into believing transactions are valid, when they may not actually be valid. This can also be defined as coercion, as explained by Vitalik Buterin. Doesn't it hurt decentralization if we increase the block size? Some argue that by lifting the limit on transaction space, that the cost of validating transactions on individual nodes will increase to the point where people will not be able to run nodes individually, giving way to centralization. This is a false dilemma because at this time there is no proven metric to quantify decentralization; although it has been shown that the current level of decentralization will remain with or without a block size increase. It's a logical fallacy to believe that decentralization only exists when you have people all over the world running full nodes. The reality is that only people with the income to sustain running a full node (even at 1MB) will be doing it. So whether it's 1MB, 2MB, or 32MB, the costs of doing business is negligible for the people who can already do it. If the block size limit is removed, this will also allow for more users worldwide to use and transact introducing the likelihood of having more individual node operators. Decentralization is not a metric, it's a tool or direction. This is a good video describing the direction of how decentralization should look. Additionally, the effects of increasing the block capacity beyond 1MB has been studied with results showing that up to 4MB is safe and will not hurt decentralization (Cornell paper, PDF). Other papers also show that no block size limit is safe (Peter Rizun, PDF). Lastly, through an informal survey among all top Bitcoin miners, many agreed that a block size increase between 2-4MB is acceptable. What now? Bitcoin is a fluid ever changing system. If you want to keep up with Bitcoin, we suggest that you subscribe to /r/btc and stay in the loop here, as well as other places to get a healthy dose of perspective from different sources. Also, check the sidebar for additional resources. Have more questions? Submit a post and ask your peers for help! submitted by /u/BitcoinXio [link] [comments […]


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