The main segregated witness opponent Roger Ver said once: “If scaling bitcoin quickly means there is a risk of [Bitcoin] becoming Paypal 2.0, I think that risk is worth taking because we will always be able to make a Bitcoin 3.0"
http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin
https://redd.it/5n2w7c
http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin
https://redd.it/5n2w7c
CoinJournal
Roger Ver: Paypal 2.0 Is An Acceptable Risk For Bitcoin Scaling - CoinJournal
Venture Capitalist "Bitcoin Jesus" Roger Ver said on a recent podcast that he is willing to risk bitcoin becoming Paypal 2.0 to make it scale quickly
It's as if you are a philosopher and technologist all in one!
https://redd.it/5n35dv
https://redd.it/5n35dv
How Coinbase Traders Are Fighting Back IRS Attempts to Reveal Their Identities
http://motherboard.vice.com/read/how-coinbase-traders-are-fighting-back-irs-attempts-to-reveal-their-identities
https://redd.it/5n2dut
http://motherboard.vice.com/read/how-coinbase-traders-are-fighting-back-irs-attempts-to-reveal-their-identities
https://redd.it/5n2dut
Theoretical max value? $1,000,000
I can't see how BTC could go above $1,000,000 in value really. If there are only 8 points of precision then then at $1,000,000 per BTC that makes a single satoshi worth one penny. Subdivision beyond that wouldn't really work.
A market cap of 21 Trillion for the bitcoin economy would establish it as the global world reserve currency though wouldn't it?
https://redd.it/5n3rv2
I can't see how BTC could go above $1,000,000 in value really. If there are only 8 points of precision then then at $1,000,000 per BTC that makes a single satoshi worth one penny. Subdivision beyond that wouldn't really work.
A market cap of 21 Trillion for the bitcoin economy would establish it as the global world reserve currency though wouldn't it?
https://redd.it/5n3rv2
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
'Zero-Risk' for Governments to Buy Bitcoin as Reserves, Abra CEO Says
http://bitcoinist.com/governments-buy-bitcoin-reserves/
https://redd.it/5n40ft
http://bitcoinist.com/governments-buy-bitcoin-reserves/
https://redd.it/5n40ft
Bitcoinist.com
‘Zero-Risk’ for Governments to Buy Bitcoin as Reserves, Abra CEO Says
The surge in the price of Bitcoin may lead to governments stocking up on Bitcoin in an unprecedented “digital commodity race.”
Nicole Foss: Negative interest rates and the war on cash | An excellent in-depth article about where we are headed. best I've seen, 4 parts. long ,but worth the read. and yes it mentions bitcoin
http://energyskeptic.com/2017/nicole-foss-negative-interest-rates-and-the-war-on-cash/
https://redd.it/5n4bmb
http://energyskeptic.com/2017/nicole-foss-negative-interest-rates-and-the-war-on-cash/
https://redd.it/5n4bmb
Peak Everything, Overshoot, & Collapse - Preservation of Knowlege
Nicole Foss: Negative interest rates and the war on cash - Peak Everything, Overshoot, & Collapse
Nicole Foss, September 4-8, 2016, theautomaticearth.com Part 1 is here: Negative Interest Rates and the War on Cash (1) Part 2 is here: Negative Interest Rates and the War on Cash (2) Part 3 is here: Negative Interest Rates and the War on Cash (3) Part 4…
A new proof-of-work mechanism that can shield bitcoin’s blockchain against the 51% attack
https://www.deepdotweb.com/2017/01/10/new-proof-work-mechanism-can-shield-bitcoin-blockchain-51-attack/
https://redd.it/5n4520
https://www.deepdotweb.com/2017/01/10/new-proof-work-mechanism-can-shield-bitcoin-blockchain-51-attack/
https://redd.it/5n4520
Time to Face Reality in 2017
It's time to face reality in 2017
Bitcoin is not the currency of the future
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin will change the world
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin is dead.
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
‘Bitcoin is just an experiment.’
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
It’s still early days. Something better will come along and replace it.
People were wrong when they said
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
Smart people understand that
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
In order to fight terrorism, the government tracks everything you do online.
Personally, I’m tired of living in a world where
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
It’s actually just a myth that
Bitcoin is good for the world.
That’s dead wrong.
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
Economists like Paul Krugman keep saying
Bitcoin is evil.
I don’t believe that
Bitcoin can make the world a better place by empowering people.
All you can do with Bitcoin is buy drugs. And maybe a hitman.
It just isn’t true that
Bitcoin can be used for good as well as bad.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin was born in sin.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin is evil.
I’m tired of hearing that
Bitcoin is actually close to mass adoption.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
The experiment is over – Bitcoin has failed.
But wait – isn’t this all backwards?! Read the article in reverse: Only fools believe that
[Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]
https://redd.it/5n402w
It's time to face reality in 2017
Bitcoin is not the currency of the future
We need to stop listening to self-proclaimed experts and hack economists who say
Bitcoin will change the world
The Bitcoin experiment has finally been resolved. Everybody was wrong:
Bitcoin is dead.
Mike Hearn said ‘farewell to Bitcoin’ and took a job with Goldman Sachs because he thought
‘Bitcoin is just an experiment.’
Circle CEO Jeremy Allaire says nobody will be using Bitcoin in 5 years because
It’s still early days. Something better will come along and replace it.
People were wrong when they said
Bitcoin will bring reliable self-banking to the unbanked in third world countries.
Smart people understand that
Bitcoin challenges central banking and undermines the ability of governments to keep financial tabs on their citizens.
In order to fight terrorism, the government tracks everything you do online.
Personally, I’m tired of living in a world where
Hackers, drug dealers and terrorists can use Bitcoin to get away with their crimes.
It’s actually just a myth that
Bitcoin is good for the world.
That’s dead wrong.
You aren’t smart enough to use Bitcoin; it will never be adopted by the masses.
Economists like Paul Krugman keep saying
Bitcoin is evil.
I don’t believe that
Bitcoin can make the world a better place by empowering people.
All you can do with Bitcoin is buy drugs. And maybe a hitman.
It just isn’t true that
Bitcoin can be used for good as well as bad.
It is true that Bitcoin is riddled with scams and crooks. Mt. Gox blew up, Ross Ulbricht went down. Hardly a day goes by without somebody getting hacked or handcuffed. We all know
Bitcoin was born in sin.
Charlie Stross wants Bitcoin to die in a fire. He says
Bitcoin is evil.
I’m tired of hearing that
Bitcoin is actually close to mass adoption.
The price of Bitcoin today is nearing an all-time high, but the Economist Magazine says it’s just a bubble – Like tulip mania. The smart money says
The experiment is over – Bitcoin has failed.
But wait – isn’t this all backwards?! Read the article in reverse: Only fools believe that
[Original article by Dr. Michael Moriarty published at http://darknetmarkets.com/time-face-reality-2017/ . Dr. Michael Moriarty is the owner of https://TorWallet.com and one of the largest Bitcoin holders in the world.]
https://redd.it/5n402w
Coinbase VP fends off CNBC doubters. Bitcoin volatility down, transactions and merchant adoption up.
http://video.cnbc.com/gallery/?video=3000582735
https://redd.it/5n4uz6
http://video.cnbc.com/gallery/?video=3000582735
https://redd.it/5n4uz6
What Is One Of The World's Largest Derivatives Exchanges Doing With Bitcoin?
https://cdn.ampproject.org/c/www.forbes.com/sites/laurashin/2017/01/10/what-is-one-of-the-worlds-largest-derivatives-exchanges-doing-with-bitcoin/amp/
https://redd.it/5n59mn
https://cdn.ampproject.org/c/www.forbes.com/sites/laurashin/2017/01/10/what-is-one-of-the-worlds-largest-derivatives-exchanges-doing-with-bitcoin/amp/
https://redd.it/5n59mn
Forbes
What Is One Of The World's Largest Derivatives Exchanges Doing With Bitcoin?
CME Group handles three billion contracts worth about $1 quadrillion annually. So why is it making a foray into bitcoin, whose market capitalization is a mere $16 billion?
Julian Assange just used the current block hash as proof-of-not-prerecorded-interview in his AMA
Live via his twitch/reddit AMA https://www.twitch.tv/reddit
Update: Here is the recorded video: https://www.twitch.tv/reddit/v/113771480 - its at 01:58:00
https://redd.it/5n5sf8
Live via his twitch/reddit AMA https://www.twitch.tv/reddit
Update: Here is the recorded video: https://www.twitch.tv/reddit/v/113771480 - its at 01:58:00
https://redd.it/5n5sf8
Twitch
Reddit - Twitch
The heart of the internet, where millions gather for conversation and community.
Julian Assange just used the bitcoin block number 447506 as a proof of life.
https://www.twitch.tv/reddit
https://redd.it/5n5t3h
https://www.twitch.tv/reddit
https://redd.it/5n5t3h
Twitch
Reddit - Twitch
The heart of the internet, where millions gather for conversation and community.
Nice point by Matt Levine: "You and I can't just walk in and trade derivatives over the new DTCC blockchain ... The blockchain here is about perpetuating the existing intermediaries, not about replacing them."
https://www.bloomberg.com/view/articles/2017-01-10/bank-blockchains-and-an-alibaba-box
https://redd.it/5n5ghh
https://www.bloomberg.com/view/articles/2017-01-10/bank-blockchains-and-an-alibaba-box
https://redd.it/5n5ghh
Bloomberg.com
Bank Blockchains and an Alibaba Box
Also a fun trading strategy, Twitter recruiting, Uber and arbitrage.
If It Weren't For Bitcoin I Wouldn't Have Been Able To Pay For College And Other Luxuries
I'm not trying to make this a karma whore post, I'm just posting this to show how grateful I am to have Bitcoin. It has been so financially beneficial to me that it's sad to see people turn down such a magnificent feat of technology when it can do so much more. I'm not trying to make this sound like some sort of testimonial or anything, but If it weren't Bitcoin my savings account wouldn't have grown as much as it did over the month of December than it would have in a dumb college savings account bringing in $0.02 in interest. I go to a community college for System Administration and Database Processing while working 2 part time jobs within the IT field. I've invested nearly 90% of my annual salary into Bitcoin and have received significant returns by doing so.
Bitcoin has allowed me to pay for an education, textbooks for my classes, 2 Vacations I've taken with my girlfriend, and many other luxury items I wouldn't have been able to afford if I hadn't started investing in Bitcoin.
Here's to 2017, and another great year for Bitcoin and the community.
**tl;dr Bitcoin = gains. gains = happiness**
https://redd.it/5n7gmh
I'm not trying to make this a karma whore post, I'm just posting this to show how grateful I am to have Bitcoin. It has been so financially beneficial to me that it's sad to see people turn down such a magnificent feat of technology when it can do so much more. I'm not trying to make this sound like some sort of testimonial or anything, but If it weren't Bitcoin my savings account wouldn't have grown as much as it did over the month of December than it would have in a dumb college savings account bringing in $0.02 in interest. I go to a community college for System Administration and Database Processing while working 2 part time jobs within the IT field. I've invested nearly 90% of my annual salary into Bitcoin and have received significant returns by doing so.
Bitcoin has allowed me to pay for an education, textbooks for my classes, 2 Vacations I've taken with my girlfriend, and many other luxury items I wouldn't have been able to afford if I hadn't started investing in Bitcoin.
Here's to 2017, and another great year for Bitcoin and the community.
**tl;dr Bitcoin = gains. gains = happiness**
https://redd.it/5n7gmh
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
Polish Bitcoin Adoption Escalating with Strong Ecosystem
https://news.bitcoin.com/polish-bitcoin-adoption-escalating-with-strong-ecosystem/
https://redd.it/5n7t8f
https://news.bitcoin.com/polish-bitcoin-adoption-escalating-with-strong-ecosystem/
https://redd.it/5n7t8f
Bitcoin News
Polish Bitcoin Adoption Escalating with Strong Ecosystem – Featured Bitcoin News
Poland typically ranks in the top-10 for bitcoin trades globally. We interviewed Bitmarket.pl, one of Poland’s largest bitcoin exchanges.
TIL about half of the blockchain was added in just the last 20 months
...at least that what I think this log entry means from bitcoind during a reindex:
`2017-01-10 16:06:29 UpdateTip: new best=00000000000000000b1b86c3fd4a7076b4a45093fd57522c8b059cd8a2bd84c0 height=354111`
`version=0x00000002 log2_work=82.697607 tx=67002464 date='2015-04-28 15:45:08' progress=0.502567 cache=37.1MiB(12938tx)`
right?
date='2015-04-28 15:45:08'
progress=0.502567
https://redd.it/5n5ve8
...at least that what I think this log entry means from bitcoind during a reindex:
`2017-01-10 16:06:29 UpdateTip: new best=00000000000000000b1b86c3fd4a7076b4a45093fd57522c8b059cd8a2bd84c0 height=354111`
`version=0x00000002 log2_work=82.697607 tx=67002464 date='2015-04-28 15:45:08' progress=0.502567 cache=37.1MiB(12938tx)`
right?
date='2015-04-28 15:45:08'
progress=0.502567
https://redd.it/5n5ve8
Reddit
From the Bitcoin community on Reddit
Explore this post and more from the Bitcoin community
Fake meme stock market. We should go to this sub reddit and teach them they can make a real meme stock market using counterparty on bitcoin like rare pepe did.
http://www.theverge.com/2017/1/10/14223264/meme-economy-reddit-stock-market
https://redd.it/5n6s3c
http://www.theverge.com/2017/1/10/14223264/meme-economy-reddit-stock-market
https://redd.it/5n6s3c
The Verge
How a group of Redditors is creating a fake stock market to figure out the value of memes
Like jokes, dreams, and teen culture, it’s uncool to explain a meme. Explanations take effort, and effort is antithetical to an art form that begs to be perceived as effortless. r/MemeEconomy is a...