A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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 any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
Been doing some work with BTCRecover so that it can now be used for BIP39 wallet recovery, even if you don't know the address... Works with Bitcoin, Bitcoin Cash, Litecoin, Vertcoin and Monacoin blockchains (and likely other very Bitcoin-like coins)
Multiple bitcoin-like coins after a hard fork can not happen, due to the essence of what money is. The value is purely speculative (it is about the future), therefore the natural state is one type of money. All the technical and cultural differences are thrown out here, and the remaining trait is the actual liquidity, the ease with which you can get rid of your coins and trade them into something else. It is like walking on a knife's edge, it is quite the opposite of stability. One coin will remain, and in the normal case (my strong opinion) the stable situation with a winning coin will be found so quickly that most people will not see it, they just see an attempted but unsuccessful fork (or instantly successful, like we hope the 2MB fork will be). The current money situation at large, is partially the gold with a strong culture and some disadvantages to fiat, therefore both, and partially the different fiats, which is a result of levels of money controls and some culture also, therefore multiple fiats. The stable case is one money type.
Found in wild, job post: "I would like to create my own type of bitcoin like coin.. that is 70% premined..I would have to be able to manage it without having programed it and everything. That is your job"
In the last bull run #bitcoin had multiple pullbacks of 30-40% to test the 200 day moving average. Selling your coin now on a pullback is like selling on the red circle on this chart. Insane gains are coming, don't get shaken out.
There is no split in November. Let's call it like it is, Amaury is choosing to create his own (forked) coin that pays one address 8% of mined funds. In that sense, it is similar to ZClassic, Bitcoin Gold or Bitcoin Candy
Pi coin is a Cryptocurrency like bitcoin and ethereum but it can be mined on your mobile, it doesn't drain your battery, doesn't slow your mobile, I'm telling this with my personal experience. Join now using http://minepi.com/Neelothpal2002, earlier you join higher is your mining rate.
In the last bull run #bitcoin had multiple pullbacks of 30-40% to test the 200 day moving average. Selling your coin now on a pullback is like selling on the red circle on this chart. Insane gains are coming, don't get shaken out. (x-post from /r/Cryptocurrency)
For those who didn't see it, here is TL;DR of current Bitcoin ABC stance: "Bitcoin ABC" equals "Bitcoin BCH", Amaury Séchet is God and he can do whatever he wants with the coin. If you don't like it, make your own coin. If you claim something else, you will be sued.
Original Article Link EDIT: Addition - who is the author of the linked article - he speaks about himself in the beginning:
[micropresident] For the first year of Bitcoin Cash, I worked directly with Amaury Séchet on Bitcoin-ABC. I stress my identity because I was the point of contact for many miners and exchanges for Bitcoin-ABC for the better part of a year, and that’s relevant to the content of this article -- I provided support services, and notified them of software upgrades directly.
So he is the guy who worked with Amaury the closest and bootstrapped Bitcoin ABC in the beginning. . . Relevant fragments in context:
But this leads to another Ship of Theseus problem, what is the Bitcoin ABC software? I would argue it is compiled out of the source code repository “blessed” by Amaury Séchet, compiled, and distributed either by Amaury or one of his representatives. This is simply a complicated way of saying that nobody else can make Amaury’s Bitcoin Client, but Amaury himself. (Now, I do not want to get into the question of the identity of Amaury, I think we can all agree on common sense here.)
This means that exchanges are going to run the software he makes, regardless of what rules he decides. They must in order to avoid lawsuits. This is why every forked client has always been listed as a separate token: S2X, BSV, ETC, the plethora of Monero forks, and many others. Amaury Séchet is the only person who decides the network rules on Bitcoin Cash, and what code is in the mainline client. Not miners, and not users. I know this because I was the one who communicated with exchanges during the 3 hardforks immediately after 1 Aug, and the CashAddress migration. The reasoning should also make it apparent.
If in November, there is a network fork and Coinbase installed Bitcoin Cash Node there will be serious consequences for them. When the first customers buys “Bitcoin Cash” from them, and it doesn’t appear as a valid coin under Bitcoin ABC software, there will be a lawsuit. A lawsuit those customers will win. It will not matter what percentage of the BCCN thinks Bitcoin Cash should flow from the Bitcoin Cash Node software!
Well, I am having some flashbacks. EDIT: Fixed some subtle differences of how I remember things.
It's a nonsense to have your Bitcoin on a custodial exchange. It's like a bank that is saving your crypto. Not your keys, not your coins.
Most exchanges offer you a wallet where you can "hold" your bitcoin. The reality is that those are their bitcoin and not yours. You have to trust them that they will always let you have control over your part of their bitcoin The beauty of bitcoin is the fact that you can be your own bank. You don't need to depend on anyone. If you depend on an exchange, it's like having the money in a bank, where you depend on their promise that they will let you operate. If you really want to hold your bitcoin get a wallet where you hold your keys (12/24 word seed). Then you are truly holding bitcoin and no one will be able to have control over your funds. Edit: added some text.
I bought a few Bitcoin a few years back. Since then they have split into Bitcoin Cash and Bitcoin Gold (and maybe more?). How do I split those coins off reliably using a wallet or trading platform like Kraken?
Pi Network is being popular since its release. In future, Pi Coin will be like Bitcoin. Cryptocurrency experts predicts the value of Pi coin to be 0.4$ to 1$ after March 21, 2021. It could reach 100$ till 2024. Its time to mine Pi coin like Bitcoin.
Hi, would like to buy a Ledger S. I have read some reviews on Amazon saying they are disappointed as it only holds 3 coins. Can I ask what does this mean? It only holds 3 different TYPES of coins at once? Or it means for example, you can only hold a total value of 3 bitcoins?
Will buy a hardware wallet very soon so the faster you can respond the better. Thanks!
09-27 14:25 - 'Well I have also mine a lot of coins and never lost my coins, I got a secured and standard method to flip your coins and make double I’m sure you’ve heard about it. Yes It’s more like forex but even easier. Interested pe...' by /u/SeniorAgent47 removed from /r/Bitcoin within 97-107min
''' Well I have also mine a lot of coins and never lost my coins, I got a secured and standard method to flip your coins and make double I’m sure you’ve heard about it. Yes It’s more like forex but even easier. Interested people only, please no games. And it would be. I’ve doing business with me. contact : (385) 254-7202 Or write me on my mail. [email protected] ''' Context Link Go1dfish undelete link unreddit undelete link Author: SeniorAgent47
09-16 18:46 - 'No you own them and can deposit/withdraw at anytime. There is a list of not fully supported coins that they haven’t built the transfer part for yet. But for bitcoin, ethereum, litecoin, bcash, and like 20 others you can.' by /u/Brofessor90 removed from /r/Bitcoin within 197-207min
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