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If a newspaper can set up $0.27 micropayments per article via credit cards, how is Bitcoin needed in this area? Clearly the model works with traditional systems.

If a newspaper can set up $0.27 micropayments per article via credit cards, how is Bitcoin needed in this area? Clearly the model works with traditional systems. submitted by BitcoinAll to BitcoinAll [link] [comments]

Bitcoin can be be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.

The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.
It's time we had the same thing for money.
Source? The announcement of Bitcoin.
Wright's greedy scamming efforts are unequivocally disputed by the earliest and most foundational descriptions of Bitcoin.
submitted by nullc to bsv [link] [comments]

Increase Nano Projects and Developer Resources | Among other ideas

To increase adoption I think marketing should be focused on two things and only enacted once they've somewhat been fulfilled. Otherwise Nano is just some weird version of Bitcoin and doesn't have much use. Alternative platforms improved by Nano and how developers can build on Nano. While these both are very intertwined I do think they should be separated.
For the first one we simply need more projects for people to use. The build off was a great start but I think we need to go futher. There needs to be alternatives to products that exists but are clearly not only enhanced by better because of Nano. Take for instance Venmo. The whole idea is making it easy, cheap, and fast to send money to people you know. Of course at the moment PayPal charges a fee for the ability to send money fast, it is also locked to the United States, and finally has privacy issues. Now if a wallet was created that makes it easy to buy Nano, has human readable addresses, makes tax compliance simple, allow businesses to use it, and with some marketing we could have a real Venmo competitor.
Now of course Venmo was just one example but this could be applied to many things such as Ecommerce, micropayments, etc. Take Ecommerce for example. Besides just creating an easy way to integrate with the major self hosted platforms there could be an alternative to Ebay/Amazon but prices would be slighty discounted (2% or something) if you used Nano instead of a Debt/Credit Card. As the sellers wouldn't be losing profit fees and wouldn't have to worry about charge backs. Along with this Nano cash back programs could exist on these platforms.
My point is we need alternative online platforms to the major ones today (Reddit, YouTube, Facebook, PayPal, etc.) that are improved by Nano. (Side Note: Making a list of platforms that could be improved by Nano with a bounty for creating said platforms would be a good start for something like this.) Once we have those platforms then use marketing to focus on why they're better and people should use them. Otherwise Nano is just a feeless currency which exists in the form of debit cards. (For the users not the business accepting said debit cards.)
For my second point Nano development needs some sort of really well written tutorial (written or in video format) that teaches viewers how to create various projects and everything else we can about Nano. This would greatly speed up adoption as developers would be able to master Nano much faster then they are now. With this there should be a library/suite of well documented tools to help create projects quicker.
Also how cool would it be if there was some sort of Nano magazine that teaches developers and enthusiasts how to build random projects. That would help a lot with creating an active community.
Finally developers they need an incentive. That's why I think creating some sort of foundation and or a permanent build off would be a boon to Nano. As mass innovation would be encouraged. These could be funded through user nano donations. Something similar to a Pateron where we'd all donate x-amount and get name recognition if we wanted too. This would be a crazy boost to community involvement and adoption.
Also If the price could be stabilized that would also help.
All of these would drive adoption because they drive interest and use.
TLDR: Create better developer resources and a couple alternatives to major online services. Then spend the budget on marketing those in the their respective circles.
submitted by RaytopianProjects to nanillionaire [link] [comments]

Satoshi’s release of BTC in 2009

I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper:
Download Bitcoin v0.1 at http://www.bitcoin.org
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.
It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
One of the fundamental building blocks for such a system is digital signatures. A digital coin contains the public key of its owner. To transfer it, the owner signs the coin together with the public key of the next owner. Anyone can check the signatures to verify the chain of ownership. It works well to secure ownership, but leaves one big problem unsolved: double-spending. Any owner could try to re-spend an already spent coin by signing it again to another owner. The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. In its central position, the company can override the users, and the fees needed to support the company make micropayments impractical.
Bitcoin's solution is to use a peer-to-peer network to check for double-spending. In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle. For details on how it works, see the design paper at http://www.bitcoin.org/bitcoin.pdf
The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending.
Satoshi Nakamoto
submitted by KandinskyCrypto to KandinskyCrypto [link] [comments]

Where are all the micropayment applications?

I believe for Nano to take off it needs to start being utilized for things that cash and card cannot currently be used for. Let's face it, for 95% of the population cash and card is more than sufficient for their needs, especially in the western world. The difficulties of obtaining Nano (KYC, tax, technical knowledge, storage know-how and security risk, etc) generally don't make it worth using. If the argument is that Nano has no fees so it's a better option, well you end up paying fees to obtain the Nano to begin with usually, and most merchants don't accept Nano as-is.
So waiting for Nano to be adopted as the replacement of credit cards is going to be a longggg game. But as it stands, micropayments is a completetly untapped market and something that Bitcoin cannot achieve efficiently (and most other crypto for that matter). So if you're thinking about starting a business that utilizes Nano, or want to see Nano get adopted with real-world usage because it's the only thing that can serve the purpose, then consider something that uses micropayments in a clever way.
Perhaps we can use this thread to brainstorm some services in which micropayments are a perfect fit so any developers out there can consider creating them.
submitted by chaosthroughorder to nanocurrency [link] [comments]

What is bitcoin and cryptocurrencies?

Digital money is not a new invention. Thanks to online banking and credit cards, we don’t have to use paper money to pay for goods anymore. However, the financial system is still far from being perfect: Hyperinflation and lack of access to financial services still burden the life of millions.
Imagine a global, digital currency that is created and supervised by people instead of a central authority. Bitcoin is the first and most well known decentralized cryptocurrency. “Crypto” means that bitcoin uses cryptography to make sure that the network only records and allows valid transactions and no user can cheat the system. But that’s not all:
New bitcoin is released at a predictable rate and has a maximum supply of 21 million units which makes it resistant to inflation. It can’t be counterfeited, it can’t be double spent, it is globally available and can’t be controlled by banks or governments. Cryptocurrencies like bitcoin enable international payments without extra fee or time delay and can be divided into tiny amounts which enables micropayments.
Bitcoin (BTC) is one example of cryptocurrencies but there are others such as Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH) and many more.
submitted by habillebill to bitcoinbinaryoptionsr [link] [comments]

It is hoped that Earthcoin will bring new opportunities to the global village economy under the influence of the new crown virus, and the Earthcoin EAC blockchain will build a new global village.

It is hoped that Earthcoin Earthcoin will bring new opportunities to the global village economy under the influence of the new crown virus, and the Earthcoin EAC blockchain will build a new global village.
Everyone becomes a member of the global village via the Internet, but the real world is divided into many countries and regions. National and regional laws, currencies are inconsistent. The advent of blockchain can build a global village.
1: Global Village, EarthCoin
A word that the Global Village heard a long time ago seems to be a bit old now. The rapid development of modern science and technology has reduced the space-time distance on the earth, and international communication has become increasingly frequent and convenient, so the entire earth is like a small village in a vast universe. The global village in the Internet era is imperfect, because only the rapid transmission of information, and other aspects are deeply affected by the real world.
Earth's development of the digital economy is inseparable from Earth Coin EAC! EAC can help users to pay instantly to anyone on the planet. Earthcoin is a global decentralized payment network and digital currency that calculates the value of labor and quantifies the resources of the earth. Inspired by Bitcoin. Earthcoin can perform fast transactions with little or no fees. No login, registration or hidden fees are required. Users receive Earthcoin or send Earthcoin from any Earthcoin address in the world within seconds. Earthcoin uses P2P technology, and there is no central management agency; the network collectively manages transactions and issues Earthcoin. Earthcoin is also open source. Its design is public participation. No one can own or control Earthcoin. It is committed to sustainable and fair development. It calculates labor value and quantifies earth resources. Every earth person can participate.
2: The current global village
In reality, everyone's connection is broken. You have to use your own currency, you have to abide by your country's laws and regulations, and you have to follow a local law to use the local currency when you go to an area. Many things are inefficient because of this split. For example, bank cards: everyone has a lot of bank cards. There is nothing necessary. How many cards are wasteful. If you want to transfer money, the bank is different. If you want to transfer money from two different countries, you have to go through A complex network is very inefficient. Earthcoin is a global decentralized payment network and digital currency that calculates the value of labor and quantifies the resources of the earth. Can completely solve these problems.
3: If the blockchain changes the global village
The above problem is the reason why there is no strong center. If there is only one country and a bank is so big, things can be very efficient. But it is impossible. The United Nations and the World Bank can be political centers and financial centers by name, but the actual situation is not. The actual power is poor. And it may not be a good thing to create such a strong center, Earth Empire? The emergence of the blockchain has created a new possibility without a center! A lot of things need to be done by the strong center, but they are done just as well by going to the center. 1. In the past you needed the government to prove who you are, your mother is your mother, now the blockchain can. 2. In the past, you needed to use different currencies in different countries, and now Bitcoin Geocoin is accepted in any country, regardless of exchange rates.
The short confirmation time of the Earthcoin EAC block gives it infinite potential to extend to payment applications.
Everyone knows that Bitcoin BTC is the most robust and secure currency in the block. Even a few years ago, many investors around the world have used it as a tool for their own wealth transfer and storage. In the field of value storage, its credit is unmatched, which is the fundamental reason for its market value of 1.4 trillion. However, in the global micropayment application, Bitcoin BTC requires 10 minutes for each block confirmation, and 6 blocks can ensure accurate transactions. If you are shopping in the supermarket or participating in remittances, fundraising, etc., you only pay a sum of money. Wait for 10-60 minutes, it will definitely make people restless, don't even think about doing anything.
Earth Coin EAC has a block time of 60 seconds, and 5 blocks can confirm the transaction. Although there is no Alipay and WeChat Express supported by a centralized database, you have realized a point-to-point seamless link payment globally. , Waiting for confirmation within a few minutes is completely acceptable!
At present, the United States and Europe have begun to encircle China's Alipay and WeChat in terms of financial payment, because it is quickly eating away the cake of the cross-border payment of US dollars and euros in the circulation between Southeast Asia and Europe. Zuckerberg, knowing that his Lbria is equivalent to QQ currency ten years ago, but the US government has almost allowed it [to resist the pressure brought by Chinese payments, but if it is to be issued, it will become the Federal Reserve. And the US dollar's grave diggers were ultimately rejected by Congress], they are all centralized in nature, just like Huawei, no matter how good the product quality is, and where the service is in place, but as long as Huawei is found as a centralized organization, it is because of geopolitics between countries. And under economic coercion, bans are banned. But with a payment system developed using pure POW digital currency with a short confirmation time, no government can start, and people in Asia, Europe, Africa and the United States will long to use them to complete transnational payments in the context of globalization.
Four: Summary
This article triggered my thinking on the blockchain. What is the purpose of decentralization and why do many things go to the center! !! !! In a small area, a strong center is enough to accomplish many things efficiently, but when there is no strong center and it is difficult to exist globally, many simple things are very complicated. 1. Online transfer, if there is Alipay, then it will be a few seconds, but if a Chinese person uses Alipay to transfer to an overseas PayPal account, it is a massive project. After a bunch of banks, exchange rates fluctuated and various fees were charged. Blockchain can transfer money in a few minutes like Alipay. The short confirmation time of the Earthcoin EAC block makes it have endless potential to extend to payment applications. 2. Self-certification, you have to prove who you are, you need proof of where you are registered, you ca n’t prove who you are, you ca n’t prove it, but the district Blockchaining your private key can prove who you are. 3. More secure, Alipay transfer is a strong center, which is theoretically very safe, but it is a black box for you. If something goes wrong, if something goes wrong, how do you prove that you transferred, everything depends on the credit of Alipay, but the blockchain depends on It is code, and everyone can view the public code, which is more credible. Blockchain has many limitations. Without a strong center, there is no strong center, but in many cases, there is no strong center, and then a blockchain is necessary. I hope Earthcoin brings new opportunities to the global village economy under the influence of the new crown virus! (Source network)
submitted by zongyongge to Earthcoin [link] [comments]

Lightning Sucks

I used to be one of the people that hated Bitcoin Cash because it takes away from the Bitcoin name (and in some ways I do still feel this way) however, using lightning actually sucks so much ass.
I will explain the procedure of setting up the lightning network, because even the vast majority of bitcoin moonboys have never used it, and have no idea how it works
You have to buy a Rasberry Pi ($100) and do some bit of coding to set up the node (which can take days/weeks), plus set up a channel to everyone you choose to make micropayments with. This channel requires a line of credit (lets say $5) however how can you pay Ma and Pa's Icecream Store? Do Bitcoin moonboys expect this to be better than Venmo?
How the hell would you pay anyone when you have to spend $100+ to set up a node, stay on the internet at all times, and know how to code? Most people can't understand the concept of a private key, so how in the love of God do people expect Lighting will work?
bitcoin is full of the most delusional people in the world...
I love Bitcoin, but Lighting is a horrible solution to scaling.
submitted by i_luv_vaccines to btc [link] [comments]

Babysitters.

During day-to-day activities I try to imagine how things may be different if Bitcoin hits mainstream adoption. It’s causing me to find inconveniences in things that I have overlooked simply because they’ve ALWAYS been an inconvenience. Take babysitters:
A babysitter charges by the hour, and even if you plan a schedule and have a particular duration in mind, somehow you never seem to have the right amount of cash handy when you get home. Even if you have enough, it’s likely not exact change. If you try to write a check, you have to live with yourself knowing that NOBODY wants your damn checks because you’ve essentially just given them a chore to do later. You can round up to the nearest twenty since that's all the ATM gave you, but that sets a precedence that you likely won't want to keep up. I'd much prefer Lighting Network; you can argue amongst yourselves about whether the micropayments stop at the top or bottom of your driveway.
Also, older vending machines that don’t take credit. No pocket change means no Snickers, but at least I don’t sound like a damn reindeer when I walk. Still hungry tho.

My Lightning Network node: platform9and3quarters
URI: 020[email protected]71.225.72.81:9735
https://1ml.com/node/02065e25c272203440b66ea0ba66601d1248564554d0a68472b82511af54288120
submitted by Subfolded to Bitcoin [link] [comments]

Investors' trust in the US dollar is down as the trust in gold keeps growing

Investors' trust in the US dollar is down as the trust in gold keeps growing
In the last couple of years, central banks in many countries have been actively buying gold. This increased demand served as a key factor in driving up the price for the precious metal. Recently, the price even exceeded $1,500 for a troy ounce. Even though it's still far from the historical high of $1770 (reached in 2011), the current price dynamics points towards a new cycle of growth.
The 2008-2011 price rally started at the $750 mark and was a result of the global financial crisis. Fortunately, developed economies managed to halt the downturn quite quickly, and the price of gold underwent a correction. However, after a fall to $1,070 for a troy oz. at the end of 2015, a new uptrend began. It was hardly noticeable at first, but by spring-2019, with the escalating US-China trade war and increasing tensions in the Middle East, gold prices started to grow rapidly.

https://preview.redd.it/nd521570t9b41.png?width=640&format=png&auto=webp&s=d64acfdd43963aaec55cb39da74abf345783cf40
It's worth noting that for the past few decades, the United States has held more gold in reserve than any other country in the world. In the last 15 years, the US gold reserves have stayed virtually unchanged, at 8,100 tons. By comparison, Germany — which holds the second place - has circa 3,400 tons of gold, or more than twice when compared to the US. Numerous international experts claim that the money and credit policy of the United States has a decisive impact on the price of gold. This theory does a great job at explaining the current situation: as the Federal Reserve takes steps to devalue the dollar, the gold prices keep growing.
In particular, in June, Bank of America experts Michelle Meyer and Ben Randall, issued a warning saying that the US government is considering an intervention to weaken the dollar.
In this context, more and more countries, central banks, and corporations realize that the value of the US dollar is based on the trust conferred to it by the global community. If this trust evaporates, a crash will become inevitable. The USD exchange rate may not fall so much relative to the euro or Japanese yen. However, the change relative to the price of gold will be dramatic. The exchange rates of all other fiat currencies to gold will decrease proportionately.
Gold is a safe investment asset, since US authorities cannot subject it to any sanctions. Besides, it has value in its own right, which is a statement that does not apply to US dollars or the euro. Thus, it's not surprising that the demand for physical gold continues to grow.
According to the latest report issued by the World Gold Council, the demand for the yellow metal reached a 3-year high in the first half of 2019. In Q2 2019 alone, global demand grew to 1,123 tons, which is 8% higher than in the second quarter of 2018.
The demand was spurred mostly by the ongoing purchases of central banks and by the steady growth of the gold-backed ETF market. The overall demand for gold in the first 6 months of 2019 grew to 2,181.7 tons.
During the same period, central banks across the globe bought a total of 374.1 tons – the largest six-month net increase in global gold reserves for the whole 19-year history of quarterly records. The report states that the most active buyers were central banks in developing countries.
The growth of state gold reserves around the world hints at intensifying disagreements among countries. This can be a sign that countries want to abandon the traditional reserve currencies of the old global economic leaders. As a result, the growing demand for gold is threatening the positions of the US, UK, and the European Union.
However, there is a key difference between the 2008 crisis (which led to a sharp increase in the gold prices) and the current situation. The market now has a new alternative to fiat money: cryptocurrencies. In the next ten years, global market players will have three basic instruments at their disposal: fiat money (mostly the US dollar as the main reserve currency), gold, and crypto (first and foremost Bitcoin).
Out of the three, fiat money is considered ever less reliable. There is already a tremendous amount of paper money that is not backed by anything – and more is being printed every day. The alternatives are the tried-and-true gold, on the one hand, or the new cryptocurrency ecosystem, on the other. While gold is the money of the past, fiat currencies (USD) are the money of the present, and crypto is the future of money.
A good example of a breakthrough solution for the problem of money is the new GOLD stablecoin. It combines the features of traditional currencies, while also leveraging the power of cryptocurrency, thus bypassing the unreliable fiat systems entirely.
In order to understand why it's such a disruptive solution, we should compare it to the most popular fiat-backed stablecoin on the market – USDT. Tether receives fiat dollars, stores them in a bank as a reserve fund, and issues tokens whose number should theoretically equal the amount of US dollars present in the reserve.
As shown by the recent incident with Bitfinex, this is not exactly true – but that issue goes beyond the scope of this article. Here, we must only mention that the market cap of Tether exceeds $4 billion – even though Tether investors don't receive any reward for holding their tokens.
The situation is almost absurd: with the current sanctions and repeated personal data leaks, many individuals and companies find that it's safer to store their funds in a stable cryptocoin than in US dollars – the most secure fiat currency. Unlike Tether and other fiat-pegged stablecoins, GOLD is pegged to the price of gold at the rate of 1 GOLD = 1 gram of 99.99% gold. Just like Tether stores US dollars in its reserve accounts, Digital Gold (the issuer of GOLD) keeps its physical gold reserves in a specialized vault.
The vault belongs to BullionStar – a global leader in the precious metals market. The gold is audited round the clock by BullionStar itself, providing a much stronger guarantee of security than any bank account statement. As investors keep buying more GOLD stablecoins, the company will keep purchasing new batches of physical gold, depositing it in the vault, and issuing new tokens.
The total amount of gold held by individuals, central banks, stores, and private vaults across the globe is valued at $8 trillion. Some experts believe that Bitcoin is the only crypto that can reach the same market capitalization and become a digital alternative to gold.
However, Bitcoin, like all other cryptocurrencies, is highly volatile. Besides, transaction fees in the Bitcoin network are high, so it can't be used for micropayments. And as the BTC price keeps growing, increasing fees can become a problem for larger transfers, too.
In this context, GOLD tokens feature three serious advantages. First of all, they are not volatile. Of course, the token's price does change as the underlying price of gold changes. But for those investors who are used to buying physical gold or ETFs, these fluctuations won't constitute a problem.
Secondly, the fact that GOLD is an ERC-20 token means that it can be successfully used for any payments, including microtransactions. In the absence of excess volatility, the average fee will range from $0.01 to $0.02. Lastly, since physical gold will always grow relative to all fiat currencies, GOLD will keep growing relative to all fiat stablecoins. Of course, this is only valid over long periods of time, since in the short term, gold prices can both rise and fall. The key point is that gold has been growing in value over the course of millennia. Thus, long-term investors will find GOLD far more attractive than any fiat-based stablecoins. What's more, they might soon lose their interest in fiat-pegged crypto altogether.
Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf Follow us on social media: Twitter: https://twitter.com/gold_erc20 Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/golderc20/ Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
submitted by digitalgoldcoin to golderc20 [link] [comments]

Bitcoin Goes Up And Mainstream Journalists Are In Disbelief, Making Excuses And Doubling Down That It Has No Value

Like clockwork, the BTC price goes up and the onslaught of FUD comes out of the mainstream media journalists (Gizmoto, WSJ, etc). Why? Because they can't wrap their head around the technology and don't like missing out on something they're not invested in. Even top advisors around the country are seeing the light: https://finteknews.com/financial-advisors-turn-bullish-on-bitcoin-after-learning-session/ but not technically and foresight inept journalists: https://gizmodo.com/bitcoin-surges-15-overnight-because-nobody-learned-the-1833737971
For the doubters who say Bitcoin and other cryptos have no value, here is a quick list to prove them wrong.
 
 
 
 
 
 
 
 
 
 
 
 
 
submitted by Trident1000 to Bitcoin [link] [comments]

Enfin des infos sur la monnaie (Ca)Libra de facebook. Vos avis/analyses ?

monnaie Libra
Facebook announces Libra cryptocurrency: All you need to know | TechCrunch https://techcrunch.com/2019/06/18/facebook-libra/
Facebook confirms it will launch a cryptocurrency called Libra in 2020 - The Verge https://www.theverge.com/2019/6/18/18682290/facebook-libra-cryptocurrency-visa-mastercard-digital-currency-calibra-wallet-announce
Facebook Cryptocurrency: Calibra’s Privacy Implications | Fortune http://fortune.com/2019/06/18/facebook-cryptocurrency-libra-privacy/
Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy https://thenextweb.com/hardfork/2019/06/18/facebooks-libra-cryptocurrency-monetary-policy-calibra-blockchain/
Facebook's New Coin: 5 Things to Know About Project Libra | Fortune http://fortune.com/2019/06/18/facebook-project-libra-crypto-coin-cryptocurrency-how-it-works/
Libra White Paper | Blockchain, Association, Reserve https://libra.org/en-US/white-pape Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra - Reuters https://www.reuters.com/article/us-facebook-crypto-facts/factbox-facebooks-new-cryptocurrency-libra-and-digital-wallet-calibra-idUSKCN1TJ0U3?feedType=RSS&feedName=technologyNews
Calibra | Digital Wallet for Libra Cryptocurrency https://calibra.com/#newsletter
Cryptomonnaie Libra : Bruno le Maire a des questions, voici des réponses https://www.numerama.com/politique/527114-cryptomonnaie-libra-bruno-le-maire-a-des-questions-voici-des-reponses.html
Chair of the House Financial Services Committee says Facebook should halt development of Libra until Congress investigates, calls on Facebook execs to testify (Makena Kelly/The Verge) https://www.theverge.com/2019/6/18/18684268/facebook-libra-cryptocurrency-stop-congress-house-democrat-maxine-waters-regulation
While Facebook's Libra plays at decentralization, it is still entrenched in Facebook, and using it means trusting Facebook, which is a hard sell in 2019 (Russell Brandom/The Verge) https://www.theverge.com/2019/6/18/18683867/facebook-cryptocurrency-libra-calibra-trust-banking
The Facebook-backed Libra Association contains no major banks in its initially announced group of partners (Mike Dudas/The Block) https://www.theblockcrypto.com/2019/06/18/where_are_the_banks/
Details and explanations from Daily Tech News Show 3555 """WHAT IS IT Facebook announced that it will launch its Libra cryptocurrency in first half of 2020.
Facebook is running it and building it through end of the year. Plans to hand it over to the nonprofit Libra Association."""
"""WHO'S RUNNING IT Libra Association - 28 partners Headquarters in Geneva, Sitzerland Includes Facebook's Calibra, Coinbase, Mastercard, Visa, eBay, PayPal, Stripe, Spotify, Uber, Lyft, Vodafone, Womens World Banking, and Kiva.
"""WHAT DOES FACEBOOK GET OUT OF IT? Facebook's Part - Calibra
AND?
Facebook’s VP of blockchain, David Marcus “If more commerce happens, then more small businesses will sell more on and off platform, and they’ll want to buy more ads on the platform so it will be good for our ads business.”
"""How PRIVATE IS IT? PRIVACY
-- anyone who signs up must share a government ID and other personal information.
CHALLENGES
"Avis de Patrick Beja: Ce n'est pas un produit Facebook. Totalement Open Source, FB n'a pas plus de contrôle sur le projet que les dizaines d'autres membres. Une monnaie virtuelle est une composante nécessaire de la prochaine évolution de Facebook déjà détaillée par Zuck : les ""super apps""."
Quels sont vos avis & analyses ?
Merci,
submitted by GrenobleLyon to vosfinances [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin 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.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
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.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
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, usually from a text message or app, 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.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
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)

Bitcoin Projects

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.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 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. A complete list of bitcoin related subreddits can be found here
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!
submitted by BinaryResult to Bitcoin [link] [comments]

Good Reasons to Use Crypto-Currency Bitcoin

Bitcoin is a comparatively new type of currency that has just started to strike the mainstream markets.
Critics state that using Bitcoins is unsafe because -
Still all the major market players talk about Bitcoins. Below are some good reasons why it is worth using this crypto currency.
Quick payments - When payments are made by using banks, the transaction takes some days, similarly wire transfers also take a long time. On the other hand, virtual currency Bitcoin transactions are generally more rapid.
"Zero-confirmation" transactions are instantaneous, where the merchant accepts the risk, which is still not approved by Bitcoin block-chain. If the merchant needs an approval, then the transaction takes 10 minutes. This is much more rapid than any inter-banking transfer.
Inexpensive - Credit or debit card transactions are instant, but you are charged a fee for using this privilege. In the Bitcoin transactions, the fees are usually low, and in some cases, it is free.
No one can take it away - Bitcoin is decentralized, so no central authority can take away percentage from your deposits.
No chargeback - Once you trade Bitcoins, they are gone. You cannot reclaim them without the recipient's consent. Thus, it becomes difficult to commit the chargeback fraud, which is often experienced by people with credit cards.
People purchase goods and if they find it defective, they contact credit cards agency to make a chargeback, effectively reversing the transaction. The credit card company does it and charges you with costly chargeback fee ranging from $5-$15.
Safe personal details - Credit card numbers get stolen during online payments. A Bitcoin transaction does not need any personal details. You will need to combine your private key and the Bitcoin key together to do a transaction.
You just have to ensure that your private key is not accessed by strangers.
It is not inflationary - Federal Reserve prints more dollars, whenever the economy is sputtering. Government injects the new created money into the economy causing a decrease in currency value, thereby triggering inflation. Inflation decreases people's power to buy things because prices of goods increase.
Bitcoins are in limited supply. The system was designed to quit mining more Bitcoins on reaching 21 million. This means that inflation will not be an issue, but deflation will be triggered, where prices of goods will fall.
Semi- anonymous operations - Bitcoin is relatively private, but transparent. The Bitcoin address is revealed at the block-chain. Everyone can look in your wallet, but your name will be invisible.
Easy micro-payments - Bitcoins allows you to make micropayments like 22 cents for free.
Substitute of fiat currencies - Bitcoins are good option to hold national currencies experiencing capital controls, and high inflation.
Bitcoins are getting legitimate - Major institutions like the Bank of England and Fed have decided to take Bitcoins for trading. More and more outlets like Reditt, Pizza chains, WordPress, Baidu, and many other small businesses are now accepting Bitcoin payments. Many binary trading and Forex brokers also allow you to trade with the Bitcoins.
Bitcoin is the pioneer of new crypto-currency era, the technology that gives you a peek into future currency.
Vanillacrypto is one such website where you can have information about crypto currency.
submitted by PresentType to u/PresentType [link] [comments]

A Breakdown of the 4 Leading Financial Cryptocurrencies

This post is written by a friend of mine who works in the financial services industry. I’m posting it for him because he doesn’t have a Reddit account:
I work in the financial services industry myself, and I decided it might be beneficial to provide my opinion on some of the leading financial cryptos based off their website/white papers/news I've read. Today I'll be covering the 4 leading financial cryptos in my opinion: XRP, REQ, OMG, XLM.
Market Cap & Ranking Graph
Ripple (XRP)
  1. Description: Cross border transactions between banks and payment providers
  2. Slogan: “Enterprise blockchain solutions for global payments”
  3. Potential Market Size: $155 trillion/year cross border transactions (McKinsey Global Payments Industry Study)
  4. Primary Focus: Ripple has had huge success lately given its focus on satisfying and providing cross-border payment services for big banks, who have driven up the price of Ripple. It currently has 100+ customers and has the most enterprise traction of the four coins. One big risk is the 55 billiion XRP put into an escrow out of a max 100 billion XRP. Once these escrows expire, there is always the risk of the company flooding the market with XRP. That being said, while Ripple is much further ahead than the other 3 coins, I fear that banks will license Ripple’s blockchain that is centrally governed without intended usage of their token.
  5. Architecture: Built on Ripple (payment protocol)
  6. Market Cap: ~$77B
Request Network (REQ)
  1. Description: A decentralized network for payment requests
  2. Slogan: “The Future of Commerce”
  3. Potential Market Size: $1,825 trillion/year on the SWIFT network that Request Network can capture on its platform (Extrapolated using daily historicals from U.S. Dept. of Treasury)
  4. Primary Focus: Request Network, also known as “Paypal 2.0” is a Y-Combinator-backed project created by the founders of Moneytis. Request Network has the biggest opportunity of the four. They are building out the infrastructure for payments and accounting/auditing between both businesses and consumers. Request will be more secure (blockchain tech), intelligent (smart contracts and IoT) and universal (supports all currencies both Fiat and cryptocurrencies) than Paypal. A key differentiator of Request is its usage of “token burning” during transactions, which intrinsically increases the value of the remaining REQ coins. In addition, Request is heavily focused on reputation management and helping accountants and auditors easily review transactions at extremely low costs. My concern here is that they are the earliest stage project of the four and also the most ambitious project, soon to be released on Mainnet. That being said, their team has executed ahead of planned timelines and I believe they seem to have the right expertise to get the job done.
  5. Architecture: Built on Ethereum
  6. Market Cap: ~$480M (Market cap is ~1/194 the size of Paypal at current valuation)
  7. Paypal Market Cap for comparison: ~$97B
OmiseGo (OMG)
  1. Description: Advanced e-wallet and payment platform
  2. Slogan: “Unbank the Banked with Ethereum.”
  3. Potential Market Size: N/A (market not clearly defined)
  4. Primary Focus: Many people around the world can’t get a credit card or pay for items online because geographically there are no banks around or their credit score is too low to receive financial services. OmiseGo looks to change that by enabling everyone in especially in developing countries to create an e-wallet that enables this underserved population the ability to cash in and cash out without a bank account at low costs. They have an enormous presence in Asia, and their vision is to look like the bank of the future. My concerns here are adoption outside of the Asian countries given the difficulty of scaling across geographies as well as a tough name to pronounce resulting in the necessity for a potential re-branding, but a very solid project with a fair amount of adoption nevertheless.
  5. Architecture: Built on Ethereum
  6. Market Cap: ~$2.5B
OmiseGo Edit:
Some additional points to note are its recent acquisition of Paysbuy (large payment service provider in Thailand) and partnerships with McDonald's Thailand and Alipay. It's often thought REQ and OMG are quite similar which they are, but their focus is different. OMG is firstly focused on banking and e-wallet services, while REQ is currently more focused on the actual payment request process and the accounting behind it, which you'll realize are quite different despite both moving in the same direction.
Stellar (XLM)
  1. Description: Cross border currency transfers between developing countries
  2. Slogan: “Move Money Across Borders Quickly, Reliably, And For Fractions Of A Penny”
  3. Potential Market Size: N/A (market not clearly defined)
  4. Primary Focus: Stellar competes directly with Ripple at different ends of the market. Stellar is a great project focused on providing low-cost financial services for lower classed individuals, whereas Ripple is focused on profit generation and founded by ex-bankers. Stellar differentiates itself through solutions targeted around micropayments, mobile banking and services for the underbanked (similar to OmiseGo). The thing I like about Stellar is that structurally it is set-up as a non-profit and something established for the people to easily exchange money between one another. I think the market is large enough to support multiple competitors, but it is important to note that they compete with Ripple in cross-border transactions and OmiseGo in services to the underbanked.
  5. Architecture: Built on Stellar (payment network)
  6. Market Cap: ~$11.7B
Stellar Edit:
Expanding on Stellar based off comments, let's clarify that Stellar is indeed founded by one of the co-founders of Ripple, which makes them somewhat similar. But wanted to key in on a few more points that make XLM unique: no mining with circulating supply of 100 billion lumens from the start @ 1% inflation rate and a recent partnership with IBM for cross-border payments as a bridge currency. Finally it's important to look at their Stellar Development Foundation, which controls the distribution of Lumens. Distribution is split as follows: 50% through Direct Sign-up Program, 25% through Partnership Program, 20% through Bitcoin program and 5% held by the foundation to support operations. Note this effect is huge because they can also unleash a large amount of lumens, but they do have a more defined mandate for dilution than Ripple.
Read more about it here: https://www.stellar.org/about/mandate/
Disclaimer and Final Words:
I am a holder of all four coins, but from a returns standpoint, I am most bullish on Request Network given it has the largest market size, smallest market cap and an incredible team. But from a risk standpoint, Ripple is the lowest risk coin to hold given its widespread adoption and use across numerous banks that are displayed on their website. Honorable mention for both Stellar and OmiseGo, which are superb projects that will still succeed. Remember that the financial market is extremely deep with trillions of dollars in transactions moved every day, so there is ample room for all four of these coins to find their niche whether it is in a certain region of the world or in certain product types (i.e. micropayments). All in all, you can’t go wrong holding a portfolio of these four coins because each one of these cryptocurrencies are going to kill it in 2018!
 
Sources:
  1. https://ripple.com/
  2. https://omisego.network/
  3. https://request.network/#/
  4. https://www.stellar.org/
  5. https://coinmarketcap.com/
submitted by brianjly to CryptoCurrency [link] [comments]

21inc does not accept Bitcoin for their product: "We think payment in BTC is not as big an improvement at the present time over standard ways to purchase macroscopic physical goods. Offline currencies are fairly well adapted for that use case."

21inc does not accept Bitcoin for their product: submitted by crazymanxx to Buttcoin [link] [comments]

Debunked: "We don't know what Satoshis opinion was on big blocks or exactly how he expected the Bitcoin design to scale past VISA levels and be usable as money for the entire world"

If the final edition of the design paper itself was not enough to convince you of how Bitcoin is designed to scale, here are Satoshis own less formal explanations.
Satoshi:
Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes.
At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.
A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.
The bandwidth [required for running a network node] might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction.
Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.
Source
The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless process where you do millions of hashes a second, with a small chance of finding one each time. The 3 or 4 fastest nodes' dominance would only be proportional to their share of the total CPU power.
There will be transaction fees, so nodes will have an incentive to receive and include all the transactions they can.
Source
The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you’re interested, I can go over the ways it would cope with extreme size.
By Moore’s Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
Source
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users.
The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
Source
While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall [on the global market]. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement the client-only mode [which uses the "Simplified Payment Verification" described in the design PDF] and the number of network nodes [more rapidly] consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.
Source
It would be nice to keep the blk*.dat files small as long as we can.
The eventual solution will be to not care how big it gets.
But for now, while it's still small, it's nice to keep it small so new users can get going faster. When I eventually implement client-only mode, that won't matter much anymore.
Source
It can be phased in, like:
if (blocknumber > 115000) maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
Source
submitted by fruitsofknowledge to btc [link] [comments]

Bitcoin Goes Up And Mainstream Journalists Are In Disbelief, Making Excuses And Doubling Down That It Has No Value

Like clockwork, the BTC price goes up and the onslaught of FUD comes out of the mainstream media journalists (Gizmoto, WSJ, etc). Why? Because they can't wrap their head around the technology and don't like missing out on something they're not invested in. Even top advisors around the country are seeing the light: https://finteknews.com/financial-advisors-turn-bullish-on-bitcoin-after-learning-session/ but not technically and foresight inept journalists: https://gizmodo.com/bitcoin-surges-15-overnight-because-nobody-learned-the-1833737971
For the doubters who say Bitcoin and other cryptos have no value, here is a quick list to prove them wrong.
 
 
 
 
 
 
 
 
 
 
 
 
 
submitted by Trident1000 to CryptoCurrency [link] [comments]

Eos finally found its killer dapp.

Eos continues to be a goldmine of comedy gold and madness. I found something amazing by chance. I can't believe this thing went under our radar for so long! We need more EOS deep delvers. I visited dappradar today to check the state of the dapps and obviously most of them were either games, exchanges, gambling or classified as "high-risk" (hot potato games, ponzi schemes and hyips) so only the "other" category is interesting. Eos entered an airdrop mania phase some time ago and new terrible dapp ideas rise every so often (my favorite was selling dna on the blockchain but Karma is even beter) so it's slightly more diverse than eth that consolidated around boring stuff.
The innovation is happening on Eos now. Meet Karma.
KARMA is a decentralized application built on EOSIO that rewards people for doing good things in the world via an in-app token.
I couldn't pass up the opportunity to check it out. Can you imagine? A dedicated token for rewarding people for being nice. How could we live without this for sooooooooooooooo long? That's crazy!
Their slogans:
Anyway, their rationale is this:
Every single day billions of humans interact with one another. Broadly speaking, the majority of these interactions are positive. Creating a reward system for these actions through tokenization will be the fuel needed for the exponential growth of human good towards one another.
KARMA will create a borderless ecosystem incentivizing individuals to take daily actions towards the betterment of society.
Can you imagine? A financial incentive to be DECENT to each other ON A DAILY BASIS, this will change EVERYTHING! The world is not anymore it used to be! Mmm, mmm, no no no! Also how come we didn't monetize basic human interactions yet?
So cryptolibertarians are so hellbent on tokenizing everything and micropayments for everything they decided they want to tokenize altruism, helping others and...basic human decency? On the blockchain? Looks like a joke from totallynotrobots but it's serious instead. Remember that time you helped your friend with house renovation but in turn he only picked up your children from school several times when you were busy? If there was such thing as social credit you could evaluate his contribution in quantifiable numbers of tokens and them after he returned the favor substract his contribution from his "debt" and keep the exact change for some other time. This is so fucking revolutionary how come human civilization never thought about it before? Don't be a selfless sucker, help your colleagues only if they accumulated enough karma from helping YOU.
After decades of combined experience in Marketing & Development, our team is focused on creating a world-changing DAPP that will change the way we interact with each other.
Yeah, imagine, we start quantifying every single random act of kindness without missing anything thanks to tokenized human relationship. World changing. Don't leave your home without phone, you don't wanna miss that sweet, sweet karma for helping a stranger asking for directions or something.
All it takes is to convince your girlfriend, your pals, your family and friends and coworkers to complete this easy and seamless 20-step (or more, who knows, this is crypto) process of buying crypto, getting verified on exchanges, exchanging their bitcoins for eos on other exchanges, becoming accustomed with eos ecosystem, economy, limited network resources and wallets, paying for eos account, installing extensions and configuring them and finally acquiring the token in question and using it now! Also a quick rundown about private keys, blockchains, immutability and rudimentary opsec. Piece of cake. So simple a child could do it.
In fact I'm gonna say it right now, if a parent won't setup a Karma account for their child in the next 5 years they'll be considered out of touch and neglectful. Do you want your kid to be that loser who doesn't accumulate favors on decentralized, transparent, public, append only ledger? Nobody will ever do anything for him/her if they won't acquire trustless proof that they did something good for society and are owed some Karma.
Alternatively imagine you did something good for your friend but he died or maybe you're not on good terms anymore. In the old world you'll be shit out of luck but if enough people start using Karma you can start cashing out favors and good deeds done for him using someone else. No value is lost! Cmon, this is new paradigm of human relationships. How could we be this blind for so long? You can own of your own good deed tokens on a public blockchain and use them accordingly!
Karma. Being kind, but on a blockchain.
submitted by Cthulhooo to Buttcoin [link] [comments]

CitiOS

CitiOS This project is one of the points of competition for commercial value against cryptocurrency fluctuations, especially in the development of intelligent contract systems under the auspices of ethereum. some basic calculations about this project can be accurately calculated relative to the potential scale in the development of the project, which really has a commercial impact on the owners of capital. Given its potential, few terms are more promoted than the blockchain. However, in order to understand its business applications, it is important to understand what blockchain is, but also what it is not.
Blockchain is not just bitcoin. Originally associated with online currencies, blockchain is not just Bitcoin technology or just a sensation on the Internet. It is widely used in the industry and is used as a secure data network for many markets, including supply chains and food safety solutions.
Blockchain is more than a database. At a high level, blockchain is a protocol that describes how transactions are defined, connected, transmitted and collected. Blocks for consensus on updating the data warehouse. Although the blockchain is not technically a database, many blockchain implementations use the key / value database as a data store, so data is encrypted as part of the system. Similarly, the science of permitted or private blocks works as a repository of operational data that is added to each step of the transaction process.
See how the blockchain technology actually works, and how it can be used as the basis of the “digital truth” for online transactions, the exchange of music, cryptocurrencies and many others. CitiOS This project represents the development of a system per capita in comparison with the value of blockchain fluctuations, which in recent years have become more and more sharp. The study says that now everyone can get a number of opportunities to achieve wealth with the availability of wireless blockchain technology and the development of ever faster cryptocurrency projects, especially in the field of cryptocurrency with ethereum smart contracts.
(CitiOS) that token is one of the manifestations and opportunities for all capital owners to invest large or private funds through an intelligent exchange system in an access-protected system. Banks can exchange parts of the blockchain with each other to track suspicious activity and track the flow of transactions. Allowed blockchains can be used to reorganize business processes, such as moving transactions from front to middle to back office, eliminating the need for data harmonization. New uses include blockchain for trade finance, global payments, securities settlements and commercial real estate.
How does a robot pay a robot? It definitely does not use a credit card. CitiOS has built-in R2R cryptocurrency for point-to-point micropayments, high-speed transactions and zero transaction fees
#CitiOS #IoT #Infrastructure #AIoT #LoRa #streetlight #AI #blockchain #R2R #SHM #sensors #crypto #solarenergy #AIcamera #smartcity https://citios.io/
submitted by DenisGra to ethinvestor [link] [comments]

Chicago Sun-Times Accepting Bitcoin!

Chicago Sun-Times Accepting Bitcoin! submitted by thepete_rizzo_ to Bitcoin [link] [comments]

CitiOS

CitiOS This project is one of the points of competition for commercial value against fluctuations in cryptocurrency, especially in the development of intelligent contract systems under the auspices of ethereum. Some basic calculations for this project can be accurately calculated relative to the potential scale when developing a project that actually has a commercial effect on the owners of capital. Given its potential, few terms are more popular than blockchains. However, in order to understand its business applications, it is important to understand what blockchain is, but also what it is not.
Blockchain is not just bitcoin. Originally associated with online currencies, blockchain is not just Bitcoin technology or just a sensation on the Internet. It is widely used in industry and used as a secure data network for many markets, including supply chains and food safety solutions.
CITY AS A SERVICE:
While urban development can stimulate economic growth and opportunity, megacities are also at risk of complexity. Through the Internet of Things and touch devices, we can digitize urban services and provide applications for data research, resource management, insurance, business operations and risk control for government, industrial and research institutions.
micropayments:
How does a robot pay a robot? It definitely does not use a credit card. CitiOS has a built-in R2R cryptocurrency for point-to-point micropayments, high-speed transactions and zero transaction fees.
Token Details:
The CitiOS blockchain system will use the ERC20 service token, known as RoboAi Coin, referred to as R2R. The project is based on the Ethereum platform and, therefore, the reason why the token is ERC20.
Digital currency should be used to facilitate international payments, especially between international organizations in areas such as African development.
#CitiOS #IoT #Infrastructure #AIoT #LoRa #streetlight #AI #blockchain #R2R #SHM #sensors #crypto #solarenergy #AIcamera #smartcity https://citios.io/
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Bitcoin and MicroPayments-The Perfect Solution? Bitcoin Micropayments How to buy Bitcoin (BTC) with a credit card How To Buy Bitcoin With Credit Card Brave Browser Finally Unleashes Bitcoin Micropayments (The Cryptoverse #85)

Bitcoin is Now Useless for Micropayments, But Solutions are Coming . by Kyle Torpey. Frankly, if you’re ordering a beer at a bar, you’re better off using cash or a credit card at this point. Bitcoin was once touted as a cheaper alternative to credit cards that was going to revolutionize the payments industry, but the P2P digital cash Creative economy, micropayments and Bitcoin Note; originally published January 2015, republished August 2019 (as this is becoming true about 4 years later). About 40% of the labor force in America will be self employed by 2020. Today Bitcoin is totally broken as a payment rail for small transactions – slow and expensive. This chapter suggests a contrarian thesis that Blockchain based payment rails will finally disrupt the payments business from micropayments to wire transfers by describing how: Cryptocurrencies can address the biggest issues in credit card payments. Buy Bitcoin Locally . This is a piece that many people new to Bitcoin don’t know about. You can buy Bitcoin locally through a site called LocalBitcoins.com. This allows you to meet people in person at public places and exchange cash for Bitcoin. It seems strange, but it’s no harder than a Craiglist transaction. Bitcoin allows not only the transfer of value, but also the creation of rules for how that value is transferred, known colloquially as “smart contracts.” Multi-Sig technology (dividing control of coins between multiple keyholders) can be used in many different ways to achieve a desired incentive structure and influence human behavior.

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Bitcoin and MicroPayments-The Perfect Solution?

Bitcoin News http://coinhd.com/?ref=83803 MICROPAYMENTS MAY BRING BITCOIN TO THE TIPPING POINT bitcoin data mining sites accepting bitcoin bitcoin currency t... ⚡️Live ⚡️Tesla Podcast (Elon Musk) Company News, Bearish Bİtcoin, Liquidation, future Tesla Promotion 8,632 watching Live now tilepay Internet of Things Micropayments Platform ... The ability to do micropayments with Lightning Network is one of the most important innovations that can potentially improve the content we consume online. ... Earn Bitcoin with Lightning Network ... To earn bitcoin, apply here: ... Incentivized by micropayments utilizing Bitcoin’s Lightning Network, the swarm can stack sats by spreading the word about Bitcoin. ... Turn Simple Credit Spreads ... Dr. Christian Decker talks about Duplex Micropayment Channels at a Bitcoin Meetup in Zurich, April 2016 ... and the end of debt and credit - Duration: 1:41 ... 402: Payment Required. Micropayments ...

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