At the moment, 37.7% of bitcoin transaction are segwit and they are only paying 14% of total fees. Switch to a segwit enabled wallet now and help the network scale while paying less for transactions.

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

“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.”

“According to Decker, each channel can process about 500 tx per second. With thousands of channels being utilized at once, #Bitcoin could theoretically scale beyond not only any other #cryptocurrency but any other payment method, including VISA.” submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

This is why we already have 17 million coins in circulation and the remaining 4 million only available over the next 120 years.

Satoshi was very smart.

He knew most new technologies usually take a minimum of 10 years to gain any real traction.

He wanted to issue as many coins as possible within the first 10 years to keep the price suppressed so as many average people as possible could obtain cheap coins during the bootstrapping phase.

What happens next is mainstream adoption and institutional demand run smack into severely reduced supply and the price explodes very quickly to a much higher "normal".

This was the most egalitarian way to introduce a new form of money. He honestly was also very aware of the fact that libertarians and programmers would be the first involved and would therefore become the new wealthy elite while banks and politicians tried everything to stop it, becoming less powerful in the process.

Bitcoin was ingeniously designed to transfer wealth towards libertarians, nerds and average citizens and away from corrupt incumbent politicians and financial institutions.

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

Can we stop with the Btrash, Bitcoin,com, Ver related posts? It’s all insignificant compared to Bitcoin and you’re only giving that miniature shitstorm oxygen. Ver also loves all the attention – don’t feed his Narcissistic personality disorder. Ignore him.

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

@SatoshiLite: Running your own node is like having your own watch. You use it to tell time without relying on others. (e.g. miners) If everyone has their own watch, actual time can only change if everyone agrees to change it. (e.g. DST) Time is only useful when everyone is on the same time.

@SatoshiLite: Running your own node is like having your own watch. You use it to tell time without relying on others. (e.g. miners) If everyone has their own watch, actual time can only change if everyone agrees to change it. (e.g. DST) Time is only useful when everyone is on the same time. submitted by /u/CBDoctor
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Bitcoin – The Currency of the Internet