A gentle request for /r/bitcoin members: please upvote more liberally whatever you like or want to make visible on Reddit. It’s good for Bitcoin.

Reddit is a hugely important platform for helping pushing BTC into the mainstream and it all depends to you, the /r/bitcoin members and hodlers.

One upvote is not much, but nobody knows better than us how small notches can add up to huge results. Make a habit of regularly sifting through posts and upvote the relevant, constructive ones. A large scale bitcoin adoption depends of many factors, but one of them could be you habitual daily click on the posts you like. Yes, you are a hodler and technically cannot do much for the market to grow besides hodling – except this: help keeping Bitcoin on the front page of the front page of the internet.

Also, as a side note, the highly upvoted memes pouring at each crypto market downtick are a cancer for the large scale adoption. If you believe in the future of Bitcoin, focus on positives.

Thank you, and happy hodling!

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

“Chain fees leave a bad impression vs inflation. Fees are visible, inflation is hidden. People get the impression that fees must be minimized, but the system is designed around them. Fees remind people of middleman rent, but it’s actually a direct support for the system’s security”

"Chain fees leave a bad impression vs inflation. Fees are visible, inflation is hidden. People get the impression that fees must be minimized, but the system is designed around them. Fees remind people of middleman rent, but it's actually a direct support for the system's security" submitted by /u/wallyjo3
[link] [comments]

Bitcoin – The Currency of the Internet

Can a publicly visible but privately mined block chain be trusted?

Outside of Bitcoin, if a company set up a blockchain like structure that can be publicly accessed but only the company itself mines blocks, does that mean the blockchain can’t be trusted?

I have only a rough theory in mind, no hard examples. Say a card game was implemented using a block chain. Card collections and game stats are stored in a blockchain and accessed by all the players of the game. None of the players mine any of the blocks. As players play the game, trade cards, open booster packs, etc they submit varying types of transactions to the company and the company verifies and adds the data to the blockchain. But the company mines the blockchain to solidify those transactions themselves and not allowing clients to mine at all.

I can see how money (Bitcoin, fiat, etc) would change hands for rare cards or booster packs. Inherently there would be value for the cards not unlike Magic: The Gathering or Pokemon having rare cards that people want. Can a player trust the company’s blockchain? Since the number of miners is controlled by the company, what would be an acceptable difficulty for the miners to have to reach? Wouldn’t too low of a difficulty not be enough proof of work to be trusted?

Since it’s in the company’s best interest to promote the proper use of the chain it’s not really a 51% attack (technically a 100% attack). The users would know they’re not mining from the beginning. Would this be any different than the company choosing postgres over MySQL? It’s just the company’s choice for storage, right?

Recent Questions – Bitcoin Stack Exchange

Bitcoins sent to darkwallet never arrived but are visible in blockchain website and assigned to addess

my bitcoins were sent to darkwallet from localbit coinsbut 2 two days ago but never arrived, they are visible in blockchain website and assigned to the address specified and have confirmations . How do I retrieve them? I have reloaded darkwallet but they have still not arrived? Help

Recent Questions – Bitcoin Stack Exchange