Last week 604 BTC were traded using Localbitcoin Venezuela, one BTC is around 28,700,000,000 Bs. (Bolivares), minimum wage is 17,350 satoshis per month.

Hi guys, living here.

I make more than minimum wage, but it's never enough here (there is inflation even in USD!).

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

In 3 weeks government will knockoff 5 zeroes from the currency (original plan was 3)

https://coin.dance/volume/localbitcoins/VEF/BTC

Any question AMA.

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

Thus far lightningspin.com routed over 400 individual payments to our users, for a total of almost 6M satoshis. The fees? 1,300 satoshis, or less than $0.10 USD. Not for each transaction. For all 400 of them combined.

Thus far lightningspin.com routed over 400 individual payments to our users, for a total of almost 6M satoshis. The fees? 1,300 satoshis, or less than $  0.10 USD. Not for each transaction. For all 400 of them combined. submitted by /u/CosmicHemorroid
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Bitcoin – The Currency of the Internet

Bitcoin is distinct from all the centrally controlled securities (ETH, ICO’s and many other alts). Satoshi’s wisdom was not only in its creation but also in stepping back. Lack of central authority is why Bitcoin endures. Nobody to pay for marketing campaigns is a feature.

Bitcoin is distinct from all the centrally controlled securities (ETH, ICO's and many other alts). Satoshi's wisdom was not only in its creation but also in stepping back. Lack of central authority is why Bitcoin endures. Nobody to pay for marketing campaigns is a feature. submitted by /u/DesignerAccount
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Bitcoin – The Currency of the Internet

Let's Talk Bitcoin! #359 All Satoshis are Fake Satoshis (letstalk)

On Today’s Episode of Let’s Talk Bitcoin…Andreas, Stephanie and Adam discuss appeals to authority in a blockchain world.Examining Ethereum’s Paradox of Choice(or, Why You Shouldn’t Be An Elder)You always wanted to buy Satoshi’s book, right?(or, All Satoshis are Fake Satoshis)Bonus:Collaborate with Andreas on Mastering EthereumThis episode of Let’s Talk Bitcoin! was sponsored by EasyDNS.com and was edited…

Bitcoin

Jimmy Song advocating for bits (100 satoshis) denomination adoption by coinmarketcap. We should ask the same to out exchanges and wallet providers.

https://twitter.com/jimmysong/status/948982933775441920

EDIT:

He published the BIP176 that already got accepted LINK https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki

Excerpt from the BIP176:

  1. Reduce user error on small bitcoin amounts.
  2. Reduce unit bias for users that want a "whole" bitcoin.
  3. Allow easier comparisons of prices for most users.
  4. Allow easier bi-directional comparisons to fiat currencies.
  5. Allows all UTXO amounts to need at most 2 decimal places, which can be easier to handle.

submitted by /u/daniel-_-
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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