A Computer Glitch Let a Trader Claim $20 Trillion in Free Bitcoin

An error in the price calculation system at Japanese cryptocurrency exchange Zaif has allowed some customers to claim digital tokens for free—including one who “purchased” $ 20 trillion worth of Bitcoin. That's problematic on a number of levels, but among those is the fact that the total Bitcoin market …
Google Alert – bitcoin

‘Black Monday’ Shows Bitcoin Isn’t As ‘Dangerous’ As Regulators Claim (news.bitcoin.com)

Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that ‘bitcoin’s bubble has burst.’ They always claim that it’s much safer to invest in traditional investments like equities or the stock market while at the same time highlighting cryptocurrency’s volatile price swings. However, on Monday, February 5th the Dow Jones Industrial Average dropped more than 1,175 points, losing more value in one day than the entire cryptocurrency…

Bitcoin

Remember one thing, other coins that claim to be instant and zero fees don’t have the amount of users or traffic as Bitcoin

Bitcoin's transaction fees and confirmation times are a result of a large user base and heavy usage.

Blockchain technology itself isn't good for scaling, with enough traffic, it will eventually get clogged up regardless of the coin.

This is why LN is needed, it's layer on top of blockchain that enables instant transactions, low fees and ultimately result in less traffic.

So when you see people shilling other coins on the speed, remember they don't have the userbase or traffic that Bitcoin currently has. Once Bitcoin utilizes Lightning Network, other coins lose their competitive advantage while Bitcoin will still have the largest userbase in crypto.

Bitcoin in it's current state is a store of value with massive adoption, Lightning Network will evolve bitcoin to being a currency.

submitted by /u/AS_Empire
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Bitcoin – The Currency of the Internet

Starting a new company called Apple Unlimited! Please don’t confuse this with our competitor, Apple. We did “borrow” all of their code, but we claim to follow the wishes of the great Steve Jobs, because the new guys that took over are ruining everything and censoring everyone!

Starting a new company called Apple Unlimited! Please don't confuse this with our competitor, Apple. We did "borrow" all of their code, but we claim to follow the wishes of the great Steve Jobs, because the new guys that took over are ruining everything and censoring everyone! submitted by /u/ltblackwater
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Bitcoin – The Currency of the Internet