Bitcoin 2 (BTC2) - Private Peer to Peer Digital Money
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Bitcoin - The Internet of Money
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
06-16 09:55 - 'I exchanged my Bitcoin to Cash with someone I happened to come across on Instagram. / His name is Duane Reed, his email is [email protected] and his WhatsApp is ++44 7391 346 289 / I changed 2 BTC ie a huge amount...' by /u/Apprehensive_Curve_8 removed from /r/Bitcoin within 40-50min
Happy BCH Independence Day To All The Bitcoin Cash Community!! 2 Years!!
Today Bitcoin Cash is two years old. For the past two years, with much effort, this community has fought to bring the Bitcoin project of scalable P2P electronic cash back to the world. We started in many aspects from scratch. Adoption has been worked through and a lot has been learned. Excellent tools have been built. We have had pleasant and unpleasant experiences and even an intense conflict such as the hashwar. For two years BCH has been the best implementation of the Bitcoin protocol, with low fees, a focus onchain scaling and enough space to process a lot of transactions without risking stability. I am sure that in a year's time we will have grown much more and even much faster than we have grown in these early years. A hurrah for developers, divulgators, activists, hobists and even sympathizers who use BCH among many other cryptocurrencies for their good properties. I send a big hug to all of you and remember: Bitcoin is Cash, BCH is Cash, BCH is Bitcoin. PD: Sorry if my english is now so clear, is not my native language. Greetings from Venezuela.
How to sell Bitcoin Cash in the media key talking points: (1) original Bitcoin philosophy (2) worldwide appeal & access (3) environmentally-friendly
Not Bitcoin.Bitcoin Cash. "I'd like to pay with Cash, please"
same great coin backed by same security based on the original Bitcoin technology using the original blockchain
always cheap, always fast transactions - for the whole world, not just Wall Street
8-32X more energy-efficient than Bitcoin Core with ability to be as much as 1000X more efficient with a simple upgrade
(this latter talking point I think we are wildly underappreciating and is also why I still think we should change the color of our logo and branding to green.) "Bitcoin Cash. Pay with Cash. Good for the whole world."
02-10 05:22 - 'I like [BitPay] It comes with a Bitcoin Wallet and for 10 dollars you can get a debit card. So They can convert your bitcoin into cash immediately all from the same app. Also i want to add that people on this subreddit for...' by /u/_psychodelic removed from /r/Bitcoin within 2-12min
''' I like [BitPay]1 It comes with a Bitcoin Wallet and for 10 dollars you can get a debit card. So They can convert your bitcoin into cash immediately all from the same app. Also i want to add that people on this subreddit for some reason like making something pretty simple feel extremely complicated. Its really pretty simple, Give bitpay a chance. Me and my gf both have a card and I recently sent some bitcoin to the app then converted it to cash (still in the app) then made a purchase in person with the card they mailed it, Everything worked great and minimal fees. I think i paid 51 cents in total. ''' Context Link Go1dfish undelete link unreddit undelete link Author: _psychodelic 1: Bit*ay.I* Unknown links are censored to prevent spreading illicit content.
If Segwit2X fails, we need to rebrand Bitcoin Cash as Bitcoin 2.0!
It will be clear and simple: Bitcoin Cash is an upgrade - it handles more transactions, is faster, more reliable, cheaper. We can then push the original narrative of all the ways Bitcoin Cash solves the problems of legacy finance. Cheaper than credit card fees. Send money worldwide in minutes for fractions of a penny. Provide financial services to the unbanked. All of this is viable again, as it was in the early days of Bitcoin. So why would we pretend somehow it's something different than Bitcoin. Bitcoin Cash IS Bitcoin, but better. It's Bitcoin 2.0. This is a simple message that is clear, direct, and impossible to argue with. This is how you convince nontechnical people to throw their weight behind it.
01-17 04:53 - 'Yes they get updates for now. you can store about 20 or so currencies on it. / Edit: Bitcoin, Bitcoin cash, Dogecoin, Ethereum, Komodo, Litecoin, Stratis, Zcash, Hello, Ripple, Ark, Ubiq, Expanse, Pivx, Stealthcoin, Vertcoin, Viac...' by /u/Zenov removed from /r/Bitcoin within 2-12min
''' Yes they get updates for now. you can store about 20 or so currencies on it. Edit: Bitcoin, Bitcoin cash, Dogecoin, Ethereum, Komodo, Litecoin, Stratis, Zcash, Hello, Ripple, Ark, Ubiq, Expanse, Pivx, Stealthcoin, Vertcoin, Viacoin, NEO, Bitcoin Gold, Stellar, Digibyte, Hcash, Qtum. ''' Context Link Go1dfish undelete link unreddit undelete link Author: Zenov
[uncensored-r/btc] We now have 2 bitcoin: Bitcoin Cash and Bitcoin Crash.
The following post by Postal2Dude is being replicated because the post has been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ btc/comments/7c8d3a The original post's content was as follows:
r/Bitcoin is filled with fan girls who know nothing
Majority of the Bitcoin sub is filled with a bunch of kids who have a few dollars in bitcoin just spamming the sub and talking about how much of a bitcoin maximalist they are. Majority of the top heads who were promoting bitcoin before the 2017 halving aren’t even dick riding bitcoin as hard or claim theirselves as maximalist. All these little kiddies do is slob on the knob of any famous person who supports bitcoin such as Jack Dorsey even though jack is a complete moron. They don’t realize that blockstreams bitcoin is not even the real bitcoin. Me Like many other people we have been using bitcoin since the Silk Road days and blockstreams bitcoin is not the same as this bitcoin. Bitcoin cash however is the real bitcoin is transacts as fast as the original one and fees are almost free that’s how a P2P currency should be and I think the real bitcoin is what scares banks and corporations. Banks and corporations are only flocking to blockstreams bitcoin because they’re the ones manipulating it, they know they can completely take it over and form a brand new slave system out of it. Sadly since banks and corporations are against bitcoin cash I think they will do everything in their power to keep it out of the game that’s when majority of the world is using crypto as our official currencies.
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Original story where the site was removed (likely premature launch). Looks like the exchange will trade Singapore dollar, the Hong Kong dollar, Japanese yen, and U.S. dollar against Bitcoin, Bitcoin Cash, Etherium, and Ripple. It'll be regulated by the central bank of Singapore and DBS Bank was set up by the government of Singapore in the first place. Cached page that was removed with the details. DBS Bank is the largest bank in Southeast Asia and among the larger banks in Asia in general with assets of about 400b USD.
Looks like a next bull run is coming! Great time to buy some bitcoin...
We are currently seeing a great influx of institutional investments getting into bitcoin. Companies like GreyScale, Square, CoinShares, etc are buying large numbers of bitcoin. Such investments will not only help increase bitcoin's market cap but also increase its adoption and legitimacy. This might be a great time to buy some bitcoin as we might see a bull run coming soon. Here are some quick ways to buy bitcoin based on region: USA:
Coinbase: One of the most popular choices to buy bitcoin in the USA. It offers an easy-to-use platform along with a crypto wallet, stablecoin support, payment gateway.
WazirX: It is one of the most trusted and robust platforms to buy bitcoin in India. It offers a ton of altcoin support and also features a P2P platform.
BitPanda: Austrian based exchange is one of the most popular option to buy bitcoin in Europe. It offers an impressive list of payment methods to deposit fiat within the EU making it a favorable choice amongst users.
Peer-2-Peer (P2P):Global P2P platforms are a great way to buy bitcoin without any border restrictions. P2P platforms are exchanges that directly connect bitcoin buyers and sellers. The most popular P2P platforms are:
Bitcoin ATM:Select regions Bitcoin ATM provides the convenience to purchase bitcoin using Cash. The best part about these is that there is no need for KYC verification and the transactions are anonymous. Although Bitcoin ATMs are only available in select regions in the world thus, making them rather limited.
Bitcoin Cash does not need to overtake the price/market cap of Bitcoin for a "flippening" to happen.
The common "agreed upon" idea when it comes to hashrate is that it is primarily dictated by price rather than the other way around. I also thought this was the case until I realized that there is more to the equation than the price of each individual coin. Right now it is true, as most mining revenue comes from the block reward subsidy. This made me realize that miners' hashrate is not proportional to the price of coins, but rather the block reward. So it is entirely possible for Bitcoin Cash to have a higher hashrate and accumulated PoW than Bitcoin, but still be worth less per coin. This makes me wonder: If both coins were to co-exist where Bitcoin Cash is used for retail purchases and as cash, while Bitcoin is used as a speculative asset that people hold (I know this sounds silly, but it seems possible given the irrational nature of the market), which becomes the 'real' Bitcoin? Bitcoin Cash will have a higher hashrate and accumulated PoW making it valid as THE Bitcoin, but BTC will have a higher market cap and coin price, meaning that "the market" has determined it to be the real Bitcoin.
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You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. Bitcoin 2 uses a unique, secure Proof of Stake algorithm. Greatly reducing electricity use compared to Bitcoin. Low fees Send money globally for less than a cent. Scalable Max transactions per second 40 times more than Bitcoin. Comparison Chart. Bitcoin 2. Bitcoin. Bitcoin Cash. Dash. Maximum Supply. 21 million. 21 million. 21 million. 18.9 million. Algorithm. PoS. SHA256 PoW. SHA256 PoW. X11 ... Bitcoin Cash ist das Ergebnis der Uneinigkeit über die Skalierung von Bitcoin und wurde durch einen sogenannten Hard Fork am 1. August 2017 erstellt. Der Hauptunterschied zu Bitcoin ist dass - während Bitcoin durch eine neue Technologie namens SegWit die Transaktionsvolumen und Transaktionskosten verbessern möchte - Bitcoin Cash durch auf größere Blocks in der Blockchain setzt. Wie ... Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another. As a permissionless, decentralized ... Der Bitcoin Cash soll dieses Problem lösen, indem auf Basis der bereits existierenden Bitcoin-Blockchain in der Folge bis zu achtmal größere Blöcke von maximal acht Megabyte beschrieben werden ...
8 Ways Bitcoin Cash will Change the World - YouTube
#bitcoincash #bchfaucet #newfaucet ----- ~ Faucets Usadas no Vídeo: 💰 Faucet 1 (50 BCHs / 5 min) 👉 http://bit.... One Cash. Make money online and earn free bitcoins from bitcoin claim every 7 seconds! It's free! Make money using your Android phones and make money fast! B... Bitcoin is one of the most important inventions in all of human history. For the first time ever, anyone can send or receive any amount of money with anyone ... Bitcoin Cash was launched in August 2017 and since become Bitcoin’s most popular cryptocurrency that has forked from bitcoin network. The reason of this fork... Bitcoin Cash is designed to become electronic cash for the world. Importantly, no one owns Bitcoin Cash, no government, no company, no individual. It is you ...