Bitcoin: The Thing?

Of late onshore and offshore BEP's (breakeven points) are coming down… Is this a double edged sword? Many players have exited? A reduced number of competitors in the pool, with limited capital resources directed towards the leaner lower BEP threshold, might cause fewer projects to be developed?
Google Alert – bitcoin

Calling Bitcoin Cash the “real” Bitcoin is straightforward fraud, and will financially wreck many new investors entering the ecosystem by buying a fake coin. So, exposing frauds is a nice thing to do for other people to prevent them from falling for those scams.

Calling Bitcoin Cash the "real" Bitcoin is straightforward fraud, and will financially wreck many new investors entering the ecosystem by buying a fake coin. So, exposing frauds is a nice thing to do for other people to prevent them from falling for those scams. submitted by /u/readish
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This whole “omg the transaction fees r so high, bitcoin is dying” thing is getting ridiculous. As a small business owner, I am charged 3% per credit card transaction and I am ALSO at risk for charge backs.

Crypto currency and bitcoin specifically is a game changer though we still are in the early phases of adoption. Transaction fees really aren't that much, especially when the transaction queue's aren't kept artificially high. As more people start to use bitcoin, this will stabilize.

Regardless though, I am just trying to show perspective. When you say that bitcoin transaction fees are too much, consider what merchants have to pay for credit card fees and the potential loss from chargebacks. And let's also think about cash usage. Just because a business accepts cash doesn't mean that they don't also incur additional costs such as armored trucks, security systems, etc that they need to use as a precautionary measure for security.

Bitcoin would alleviate so many of those costs and give businesses more security over time. As Bitcoin continues to evolve such as Lightning we can expect to see faster and cheaper transaction times.

Don't buy in to that Bitcoin is a terrible currency. As a matter of fact, it is a brilliant one and as time goes on, it will become more efficient and resilient.

submitted by /u/NosillaWilla
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Before we go any further, I’d like to say one thing: $10,000 is the moon.

Do you know how far away $ 10,000 looked? It's easy to forget. I got into Bitcoin in 2011. I started the San Francisco Bitcoin Meetup. The first meeting was six of us at a bar, not sure how crazy we were. The price that year went from $ 1 to $ 30 — wow! And then it crashed to $ 3, and many people wondered if it would continue on to zero. The whole time, at that first meeting and later ones, the main line of thought, as far as price goes, was: "Bitcoins are probably worth nothing. But if this does become a thing, they'll be worth a lot." And $ 10,000, specifically that number, was as high as anybody dared to dream. That was the number where you'd propose it with a laugh, and then everyone would look away, embarrassed but dreamy-eyed. So please let me tell you, $ 10,000 is the moon.

When I started the meetup, I just wanted to meet anyone who had even heard of Bitcoin. Of course there were online discussions, but I was so profoundly excited about this thing, and no one I knew in real life had heard of it (except my friends who I was relentlessly badgering). That's a weird place to be. Especially since today, almost everyone has heard of Bitcoin. So I meet up with these guys and I got to experience that shared excitement in person. I understood how members of an esoteric cult must feel. We strongly believed something — that Bitcoin might be part of the future — that almost nobody outside of that room believed. I was only pretty sure we weren't crazy.

The second meetup was already bigger, and incredibly inspiring. My hope going in was that some people would get together to start a new project because of the meetup, but it became clear that that wasn't going to happen — everyone was already working on something. Besides talking about our projects, there was debate about the usual subjects: what's next for Bitcoin? What's it most useful for? What'll it look like in a year? No one was out to prove anything, everyone was hoping to discover something. Many people came through those first few meetings: the original founder of MtGox, the ExchB founders (remember?), the TradeHill founders, the future founder of Coinbase, a bitcoinj author, and more. I say this only with the hopes that it gives me some scrap of authority, not as a leader, but simply as someone who was there, who was present for the early narrative. No one was imagining past $ 10,000. So, to me, $ 10,000 is the moon.

And ok, there's a technical question of whether we mean $ 10,000/BTC, or $ 10,000 when you add BTC + BCH and whatever other forks. I say the former. If we're going to add up all the forks, there's an asterisk on the party, and we have to explain the details. We don't want details, we want headlines. We want the moon. So if it hits $ 10,000 per BTC, we should celebrate! $ 10,000 is the moon.

There's always the stars.

submitted by /u/badr
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PSA: Blockchain is not the interesting thing about bitcoin

Been talking to a lot of people that are getting distracted by the establishment's "Blockchain not bitcoin!" nonsense.

The blockchain is just an append only, tamper evident database. We've had those forever. The magic of bitcoin is nakamoto consensus, the solution to the byzantine generals problem that uses a network native token to incentivize proof of work. Banks don't need proof of work, they have authority. So they glom on to the only component of bitcoin they could possibly use, a database.

submitted by /u/Polycephal_Lee
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