Just joined the 1 BTC club!

Ever since I became interested in Cryptocurrencies, just before the golden bullrun of 2017, I've had it as a goal to have one single Bitcoin. Seeing that zero before the decimal really annoyed me. I'm a poor student, so I set aside some money that I could miss every once in a while to slowly scrape those partial BTC towards the 1, and today I finally reached it! Feels good, just wanted to share it with y'all. On towards the 10 now!

Since I'm now theoretically a future millionaire, does anyone have some tips on how best to light cigars with 100 sats?

submitted by /u/Tripletag
[link] [comments]
Bitcoin – The Currency of the Internet

Just joined the 21 Million Club…

I know this post probably won't be met with as much fanfare as these kinds of posts used to get in the past, but I just joined the 21 Million Club. I had .85 BTC for the longest time, glanced at the current prices today, and decided screw it, I'm tossing the last $ 500 of my paycheck in. I'm hoping that this will be a wise decision in the next two or three years, but if this global, disruptive, monetary experiment doesn't pan out, well then at least I can say that I participated in it, and hopefully lessons learned from my participation (along with millions of others') helps the advancement of society and humanity in some way. Despite these dark days, some of us aren't going anywhere and are in this for the long haul to see how it all plays out:) Stay strong, be positive, eat your veggies, and above all HODL!!

submitted by /u/syzygy00778
[link] [comments]
Bitcoin – The Currency of the Internet

Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /r/Bitcoin SegWit effort?

SUMMARY

Segregrated Witness (SegWit) was activated on the Bitcoin network August 24, 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work. If users demand SegWit now it will temporarily releive the transaction backlog while bigger solutions like Lightning are developed.


TODAY's NEWS/DEVELOPMENTS/VICTORIES


MEMPOOL/SEGWIT STATISTICS


BACKGROUND

Subhan Nadeem has pointed out that:

If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below.


ACTION STEPS

  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
  4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch

IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.


SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS

Exchange Segwit Status Batching Status
Binance NOT READY Yes
Bitfinex Ready ?
Bitonic Ready ?
Bitstamp Deployed Yes
Bittrex ? Yes
Coinbase/GDAX NOT READY No
Gemini Ready No
HitBTC Deployed Yes
Huboi ? ?
Kraken Ready Yes
LocalBitcoins Ready ?
OKEx ? ?
Poloniex ? Yes
QuadrigaCX Deployed Yes
Shapeshift Deployed No

Source 1

Source 2


SELECTED WALLETS THAT HAVE SEGWIT ALREADY

Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction

SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android

FAQs

If I'm a HODLer, will it help to send my BTC to a SegWit address now?

  • No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now.

Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?

  • The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address.

    A transaction between two SegWit addresses is a SegWit transaction.

    A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.

    A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.

    Source

What wallet are you using to "batch your sends"? And how can I do that?

  • Using Electrum, the "Tools" menu option: "Pay to many".

    Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.

Why doesn't the Core Wallet yet support SegWit?

  • The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in

Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?


SEGWIT BLOG GUIDES


PREVIOUS DAY'S THREADS

There's lots of excellent info in the comments of the previous threads:

submitted by /u/Bastiat
[link] [comments]
Bitcoin – The Currency of the Internet