I hate when people say “ohh bitcoins dropping” I simply respond it’s still up 30% from when it was at 10k. 30% is crazy gains! Like common some people don’t understand even 8% a year in gains in considered phenomenal. Just go with the waves brothers

I hate when people say “ohh bitcoins dropping” I simply respond it’s still up 30% from when it was at 10k. 30% is crazy gains! Like common some people don’t understand even 8% a year in gains in considered phenomenal. Just go with the waves brothers submitted by /u/legitcreed444
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Bitcoin – The Currency of the Internet

Chairman, Federal Bank in Chicago on Bitcoin: “It’s hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse.” You just described the Federal Reserve Banking System!

Chairman, Federal Bank in Chicago on Bitcoin: "It's hard to imagine a world where the main currency is based on an extremely complex code, understood by only a few, controlled by even fewer, without accountability, arbitration or recourse." You just described the Federal Reserve Banking System! submitted by /u/Nedtherlandz
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Bitcoin – The Currency of the Internet

On the 9th birthday of Bitcoin, I’d urge everyone who hasn’t yet read Satoshi’s 9-page* white-paper to read it. It’s brilliantly written, and with a lot of newbie’s coming in to the community, this is a must read!

Link to the white paper is here – https://bitcoin.org/bitcoin.pdf

*9th page is the reference page. so really, it's only 8 pages.

I was just re-reading it, and i really enjoy Satoshi's outright sass in it. For example, when talking about 'greedy attackers' :

"He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."

and you can see that he was aware and conscious about node's being able to store the blocks with commonly found hardware:

"A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory."

happy reading!

EDIT – I've unknowingly sort of delved into the block-size/scaling debate in the last bit above. Not my intention. Bitcoin itself has evolved from the original white paper. Satoshi himself had found ways to improve on top of the white paper during the days he was active. My point here is to appreciate the great invention and truly understand it as told my the author/creator himself 🙂

submitted by /u/ha5hmil
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Bitcoin – The Currency of the Internet

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it’s unlikely there’ll be a single point in time at which we say LN is “deployed” because it will grow organically. Software is never finished.

Q: When will the Lightning Network be rolled out? A: The rollout has already begun. This is an iterative distributed learning process; it's unlikely there'll be a single point in time at which we say LN is "deployed" because it will grow organically. Software is never finished. submitted by /u/TheGreatMuffin
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Bitcoin – The Currency of the Internet

When asked if I have any Bitcoin I used say “A little.” From now on it’s going to be “No, wish I did though.”

Just my personal strategy going forward. It was fine when friends and family made fun of me, but now – at these gains – HODLers are going to become targets. Just a quick reminder to be careful out there.

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

Everyone that’s mainly trading in/buying Bitcoin and is concerned about it’s network should start using Bitstamp. They transact in batches, has been supporting Segwit from 7th of September, and they pay for all outgoing fees.

Title says it all. Everyone that's complaining about the current situation should move their business over to Bitstamp for stated reasons. Plus they are fully regulated and licensed in Luxembourg, which means multiple audits every year, and they hold most of their holdings in cold storage. I think it's one of the best exchanges for Bitcoin's ecosystem.

I'm not shilling for them, my reason for posting this is because I want to motivate users of this sub to stop just complaining and start being more proactive – we should all show our fuck you to those exchanges that doesn't care by moving our business to those that care.

submitted by /u/crypto-pig
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Bitcoin – The Currency of the Internet