/BlockChain is has gone private due to an extreme influx of ICO scams, snake-oil shills and plagiarized crypto-news blog spam. There is no application process and new members are not being added. Contacting the mod team will not result in an invitation.
Bitcoin is a money identification system. What it does is identifies the money in circulation. This ability allows bitcoin to be the most sound and secure type of money on this planet. Blockchain technology which is what bitcoin is based on is so much more. (x-post from /r/Bitcoin)
05-12 11:24 - 'No, because the faulty assumption is that demand will continue to go up. What is the demand for? Bitcoin doesn't really do much of anything, it's just a speculative asset, and the market price is based only on the exp...' by /u/UndercoverPatriot removed from /r/Bitcoin within 85-95min
''' No, because the faulty assumption is that demand will continue to go up. What is the demand for? Bitcoin doesn't really do much of anything, it's just a speculative asset, and the market price is based only on the expectation that it will continue to go up. Once the faith that you can cash out for more than you put in goes away, so does demand. The dynamics are similar to a ponzi. ''' Context Link Go1dfish undelete link unreddit undelete link Author: UndercoverPatriot
04-25 14:24 - 'You might want to check what the nash token is and does x) / $NEX / The fund manager ( wallet ) is also a first given that it allows for CEX level API's based on multi party computation threshold keys / Nash pay coming in Q3...' by /u/Flankarooo removed from /r/Bitcoin within 7-17min
''' You might want to check what the nash token is and does x) $NEX The fund manager ( wallet ) is also a first given that it allows for CEX level API's based on multi party computation threshold keys Nash pay coming in Q3 And there is much more ^^ Q1 report can be found here ^^ [[link]3 If you have questions don't hesitate to visit [[link]4 ''' Context Link Go1dfish undelete link unreddit undelete link Author: Flankarooo 1: ww*.youtube*com*watch**=X*GL1hNw*s4&***;*e*ture*y*utu.be 2: t.me**ash*oc*al 3: ww*.yo*tu*e*com*w*tc*?v=X*G*1hNwqs4&*fe**ure=y*u*u.b*]^^1 4: *.me*Nas**ocial]^*2 Unknown links are censored to prevent spreading illicit content.
Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin.
If we accept that Bitcoin is in a bubble right now. Rising just for the sake of rising and not based on events which should increase its value. Then what happens to Ethereum when it pops? Does everyone jump ship to us? Or does the whole market tank?
this keeps getting removed by a bot because i havent written enough so i'm gonna fill this up a bit. this is a issue which has been flagged by a few people now (warren buffet for one) and will define Eth trading for a significant time when it hits so i believe it warrants its own discussion outside of the daily thread
07-09 17:14 - 'What if he Got SGC! his 60% security cant be used by her. SGC (Secured Gold Coins), is a hybrid cryptocurrency that is 60% gold-backed, 40% utility and completely decentralized based on the revolutionary technology of Bl...' by /u/HourJudgment removed from /r/Bitcoin within 373-383min
''' What if he Got SGC! his 60% security cant be used by her. SGC (Secured Gold Coins), is a hybrid cryptocurrency that is 60% gold-backed, 40% utility and completely decentralized based on the revolutionary technology of Blockchain that makes it secure, durable, trustworthy, easily accessible, and redeemable. [[link]2 ''' Context Link Go1dfish undelete link unreddit undelete link Author: HourJudgment 1: s*cur**gol*coin*com/ 2: secu**d*oldcoin*co*/]^^* Unknown links are censored to prevent spreading illicit content.
If bitcoin's value is based on anticipated future use, what's the plan to scale to permit that use?
Serious question: Do we have a plan to scale? If limitations are based on hardware, is there a plan to scale as hardware improves? If limitations are artificial not based on hardware: why is Bitcoin more valuable than a currency with no artificial limitations? Is Bitcoin electronic cash or an electronic settlement system? Can someone help me out here please? I don't get how we can value this properly without a plan: If it works and it scales the value is immense, but if it doesn't and will never support more than a few hundred thousand users a day... then you're not building global cash; global cash supports daily use by global population. Is hard fork the only way to resolve this? Who here wants to "not build global cash"? What are your names? Why? Cowards.
Why does bitcoin.org keep the Satoshi paper up, when the whole point of their BTC project is based on their belief that what's described in that paper can't possibly work
It seems odd to me that the proponents of "onchain Bitcoin can't work" because "Satoshi made mistakes" still leave up the Satoshi paper that claims that Bitcoin is "P2P Cash." Seems like they should just take down the Satoshi paper altogether, maybe put up a new one at a different link. We wouldn't want users of bitcoin.org to accidentally read the Satoshi paper and get strange ideas about BTC. People who still think that paper is the best idea yet will preserve it; it's also preserved on the blockchain and in historical references. No need to have it up on bitcoin.org any more though, since it's no longer relevant to that project.
11-26 18:24 - 'If you want to predict the price, why not look at what the price is based on?' (self.Bitcoin) by /u/bowlofwords removed from /r/Bitcoin within 149-159min
''' By that I mean hype, as in public opinion. It seems to me that this is a “greater fools” game, so instead of all the charts and technical analysis, which have been unreliable, why not gauge the actual pulse of the people? My sense is that the general public thinks bitcoin is a joke. A scam. It’s pretty clear by now that the average person in a developed country has no use for bitcoin, except to buy illegal stuff. So based on the fact that in 2018, the general public has grown wary and weary of bitcoin and realized that it doesn’t need it, are you that surprised bitcoin is tanking? Based on what do you believe, if you do, that it will moon again? ''' If you want to predict the price, why not look at what the price is based on? Go1dfish undelete link unreddit undelete link Author: bowlofwords
03-16 11:03 - 'Bitcoin isn’t light years ahead of anything. / Blockchain, what bitcoin is built on is the valuable part of bitcoin and it’s been utilised as the base code in many different crypto’s. / The problem is how do you monetise a...' by /u/Nutisbak2 removed from /r/Bitcoin within 110-120min
''' Bitcoin isn’t light years ahead of anything. Blockchain, what bitcoin is built on is the valuable part of bitcoin and it’s been utilised as the base code in many different crypto’s. The problem is how do you monetise a code? Bitcoin seems more like an experiment than the final point. It has too many issues, like people losing access, others stealing etc etc and whilst the decentralised aspect is a great idea it’s not something the world is really ready for yet. Maybe in 50/100 years time but the bulk of people still use banks and governments won’t let bitcoin take off. For now something like Ripple seems a better bet. I wouldn’t say bitcoin is bad just it’s not the complete package and because the price is too high now plus it’s too easily lost with a finite number that’s going to make it very hard for it to become mainstream in the future. Greed is ultimately the fall of bitcoin, too few control too much! ''' Context Link Go1dfish undelete link unreddit undelete link Author: Nutisbak2
Bitcoin is all the rage. But what is it? What is the value based on? Is it the cost of electricity to mine it or is it supply and demand? People are talking about it. It MUST have value… And there might be an even better opportunity. Wealth Migrate CEO Scott Picken investigates:
01-22 07:44 - 'So what? The base layer will remain transparent. You have to rely on bolted on weak second layer. There's also the fact that optional privacy is not privacy. / 2+x=5 / x+y=z / Chain analysis firms will eat you for break...' by /u/dacianmonerogold removed from /r/Bitcoin within 0-10min
''' So what? The base layer will remain transparent. You have to rely on bolted on weak second layer. There's also the fact that optional privacy is not privacy. 2+x=5 x+y=z Chain analysis firms will eat you for breakfast. And you do realize this market is very competitive. There's no consumer loyalty if Bitcoin can't deliver the goods. As someone who considers crypto for digital offshoring Bitcoin is too dangerous. LE: Being an active form of mixing Coinjoin(coinjoin is optional anyway not mandatory) can be Sybil attacked. Tx graphs can be made. Weaaak. ''' Context Link Go1dfish undelete link unreddit undelete link Author: dacianmonerogold
I have a fairly decent understanding of the technical side but cannot seem to figure this one out. Once all the bitcoin has been mined and due to bitcoin being based on a peer to peer network. What would the incentive be to keep the network alive once all is mined ?
I have conducted some interesting research and written a unique article for Bitcoin investors based on one-week hard work. But, it is not upvoted sufficiently. What would be the possible reason? /r/Bitcoin
I have a fairly decent understanding of the technical side but cannot seem to figure this one out. Once all the bitcoin has been mined and due to bitcoin being based on a peer to peer network. What would the incentive be to keep the network alive once all is mined ? /r/Bitcoin
Bitcoin Still Undervalued Based on These On-Chain Indicators. by. Nivesh Rustgi. Sep. 15, 2020 . Bitcoin's growing on-chain activity projects higher prices for the cryptocurrency both in the short and long-term. Don't Miss Market Moving News. Get daily crypto briefings and weekly Bitcoin market reports delivered right to your inbox. Sign Up. Trending News. Investors in Disbelief as Cardano ... Bitcoin (BTC) Based Crypto Games Promote Gambling While Spoiling Investment Attitude October 5, 2020 Off By Maheen Hernandez Bitcoin continues to enjoy support at $10.5K as increasing numbers of people are beginning to realize that fiat money and fiat rules are destroying the savings and the rule of law. Getting Started¶. The site aims to provide the information you need to understand Bitcoin and start building Bitcoin-based applications. To make the best use of this documentation, make sure you’re running a node. For technical support, we recommend Bitcoin Stack Exchange.For errors or suggestions related to this documentation, please open an issue on GitHub. Bitcoin Core is programmed to decide which block chain contains valid transactions. The users of Bitcoin Core only accept transactions for that block chain, making it the Bitcoin block chain that everyone else wants to use. For the latest developments related to Bitcoin Core, be sure to visit the project’s official website. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics. With these attributes, all that is required for a form of money to ...
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