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Hello and welcome to the /r/helloicon subreddit! Please use this daily thread to discuss ICON/ICX related issues, ask questions, make suggestions, or voice your concerns. If your submission is simply a quick question or statement, let's do our best to keep the posts on the daily/weekly discussion thread to avoid cluttering any important information the subreddit.
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Let's focus on the positives and help make this subreddit a more connected community that shows respect and understanding for each other. There will be new users to the community, so if their questions comes from a good place, help each other out so we can be a community that is warm and welcoming to people who are interested in the ICON project.
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During the reign of King Louis XIV a young girl, Gabrielle Moler, put her head into a roaring hearth fire and held it there without any apparent injury. Eyewitnesses report that afterward her clothing was so hot it could barely be touched, yet her hair, eyelashes, and eyebrows were never so much as singed.
In 2008 Satoshi Nakamoto put the finishing touches to his white paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” A few months later Bitcoin was born.
What do these two events have in common?
Impregnability to fire is not uncommon. Literally hundreds of credible accounts exist. The kahunas of Hawaii can stroll across hot lava without being harmed. What is interesting is that many of the accounts are associated with emotionally charged beliefs. Gabrielle Moler was a member of the Jansenist sect whose persecution led to the most extensive display of extraordinary human feats ever witnessed by literally thousands of people over several years. Another devout believer, St. Francis of Paula, at his canonization hearings in 1519 had eight eye witnesses testify that they had seen him walk unharmed through a roaring furnace to repair one of the furnace’s broken walls. What was running through Satoshi’s mind as he wrote his paper?
On 15th September 2008 merchant bank Lehman Brothers collapsed precipitating a full blown international banking crisis: “Excessive risk-taking by banks such as Lehman Brothers helped to magnify the financial impact globally. Massive bail-outs of financial institutions and other palliative monetary and fiscal policies were employed to prevent a possible collapse of the world financial system. “
The point is that Gabrielle, Satoshi and St Francis were each able to change ordinary “consensus reality” through their belief in what was possible. In Gabrielle and Satashi’s case that belief was likely to have been charged by events surrounding them. Lyall Watson, author of Supernature comments: “I have no doubt that reality is in a large part a construct of the imagination…I think we have the capacity to change the world around us in quite fundamental ways.”
Today many believe Satoshi’s white paper is changing the world around us in “quite fundamental ways.” The blockchain is considered a new piece of infrastructure that will transform society as the Internet did twenty years ago. Yet is this the only way Satoshi’s vision is changing the world?
Consider for a moment Bitcoin itself.
Without the mandate of government or any underlying asset such as gold Bitcoin is now trading above $6,000. Each dollar of that value has been created solely from the belief people have in the coin.
Is this not an extraordinary event?
Before Bitcoin it was generally assumed that the Yen or Dollar or Euro had value because of the decree of government. Bitcoin has demonstrated that price is something humans create. This is true of any market – price is the product of the collective belief of buyers and sellers at any given time. The enduring value of Bitcoin may be to have demonstrated this relationship between price and belief in the clearest possible way.
If awareness that belief-creates-value is one of the benefits of Bitcoin the question remains: why now? Why is it important for people to wake-up to the realisation that they, not some external authority are the creators of financial value? The answer may lie in the current state of the fiat financial system. Forty two years ago economist Friedrich Hayek wrote:
“With the exception only of the 200-year period of the gold standard, practically all governments of history have used their exclusive power to issue money in order to defraud and plunder the people.”
Hayek proposed a “currency marketplace” where people can freely choose between competing means of payment. This, he claimed, would restrain government’s desire to devalue the legal tender by printing more. Does his proposal seem strangely prophetic of the Bitcoin phenomenon?
Governments continue to expand the fiat money supply at unprecedented rates. By October 2014 the US Federal Reserve had accumulated $4.5 trillion from its Quantitative Easing purchases. As of October 2016 the Bank of England had purchased GBP 435 billion through its Quantitative Easing program. Each purchase flooded new money into the system.
Now people are remarkably resilient and will put up with a great deal. However when a currency starts to hyper-inflate this generally marks the beginning of the end of what they are willing to tolerate. In post-revolutionary France not prison, nor guillotines nor 20 years imprisonment in chains could induce people to continue to trade the paper money at its nominal value. People had had enough. On 1st August 1795 one gold luis of 25 francs was worth in paper 920 francs; on 1 September, 1,200 francs; on 1 November, 2,600 francs; on 1st December, 3,050 francs. In February 1796 it was worth 7,200 francs.
Post WW1 Germany had similar hyper-inflation and the legal tender mark was rejected by Germans. There followed a period of various “emergency monies.” These too were open to abuse but were preferred over the mark because they did not inflate as fast. By autumn of 1923 there were two thousand of these emergency currencies in circulation.
How did it end? Finally relief came in the creation of Gold Loan Bonds. Like the mark these bonds were not backed by any assets. They were accepted because of the word “wertheständig” (stable-value) printed on the new money.
What gave the Gold Loan Bonds value? One word was enough to generate the BELIEF required to create a stable currency.
Today we may not be so naïve to put our faith in a single word on a bank note. But if there is a way to implement Hayek’s proposal of a currency marketplace, it is likely to mean we recognise belief creates value and are willing to exercise this extraordinary human facility to create the money we want. Is this why Bitcoin and why now?
Latest Bitcoin News:
Bitcoin Scam Ads are Destroying Lives, Says Money Expert Suing Facebook
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Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Russian government hackers mined bitcoin to fund attacks on FIFA, anti-doping agencies
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Hey,
I'm looking for a service that can offer major sporting events and US news channels like Bloomberg, CNN, Fox, etc.
I really need the NFL and College Football and MLB Playoffs currently so you must offer those.
Would prefer to pay with bitcoin if anyone offers that if not then I have a prepaid Visa that I got at Walmart that it says I can use online as long as its a US merchant.
Also I have a router running a VPN and would prefer to run an app that can run on an Android box like Kodi or something similar.
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Over the past decade, Bitcoin has become an increasingly more important financial asset for investors all over the world. Though Bitcoin no longer maintains the nearly $18,000 maximum it achieved in December 2017—currently, it is trading for around $6,500—these figures are both still significantly higher than they were just a few years ago (usually trading for well below $5 per coin). Because of the incredibly volatility and trading volume that can be witnessed with Bitcoin and other comparable cryptocurrencies, Bitcoin has naturally attracted the interest of both day traders and long-term investors.
Bitcoin was originally introduced in the year 2009 as the world’s first digital and decentralized form of currency. Operating as a medium of exchange—comparable in many ways to paper currency—Bitcoin is accepted by an increasing number of vendors with each passing year. As a cryptocurrency, the supply of Bitcoin is naturally limited (and consequently, valuable) and the use of cryptography helps to keep ownership of a specific coin perpetually secure.
Bitcoin attracts traders and investors for a variety of different reasons. The asset itself possesses a high potential for returns, is shielded from certain market hazards, and experiences a tremendous amount of movement on any given day. However, despite these apparent benefits, trading Bitcoin is not without risks. The coin does experience frequent decreases in value on both a daily and long-term basis (especially between 12/2017 and 10/2018).
In this guide, we will discuss the most important things for you to keep in mind as a cryptocurrency day trader and how you can effectively use bitcoin to increase your daily rate of return. Because the cryptocurrency market is relatively new and unexplored, it is generally considered to have both a high possibility for daily returns as well as a risk of daily loses. Being able to pursue returns while simultaneously avoiding risk will ultimately prepare you to be a successful cryptocurrency investor.
One of the reasons that many people are hesitant to enter the cryptocurrency trading industry is the fact that the market is quite volatile. After all, a simple look at the past year of Bitcoin prices will clearly demonstrate that this is not an asset that is ideal for building your retirement savings. However, from the perspective of someone who is day trading—entering and exiting various positions within the same 24 hour period—volatility can often be a very good thing.
Using strategies such as momentum trading can help you attach yourself to a given currency as it begins to accumulate in value and exit your position before the value increase has diminished. This strategy will require you to consistently monitor the direction of prices throughout the day, which makes it exceptionally compatible for individuals who are day traders. Taking advantage of a volatile, decentralized, and modern type of currency is one of the ways that momentum trading can be most effectively utilized.
Though both day traders and long-term investors have the same underlying objective—entering a position and then exiting a position at a relatively higher price—the ways in which these trades are executed will be significantly different. While long-term investors have to think about whether a given cryptocurrency will significantly increase in value over time, day traders only need to think about how the value will change by the end of the day (or in some cases, even less).
As a day trader, daily volatility, trading volumes, and the cost of trading will all need to be closely monitored. Instead of looking at moving averages as they occur over a 100-day or 200-day timeframe, you should focus on moving averages that are 1, 3, or 5 days old. This will help you be able to correctly identify if a position in the Bitcoin market is actually worth taking—remember, it is never a wise idea to assume a short-term position simply for the sake of trading.
The Bitcoin market is without a doubt rather unique, but that doesn’t mean that it exists in a vacuum. There are many different indicators you should look at before deciding whether or not to assume a given position.
· Pay attention to other cryptocurrencies. Bitcoin is like the “American Dollar” of the cryptocurrency market in the sense that is more connected to the activities of other currencies than any others in existence. Paying attention to other cryptocurrencies—such as Ethereum Bitcoin Cash, Ripple, Litecoin, etc.—can help you identify the potential for movements in the industry as a whole.
· Pay attention to day trading alternatives. Many day traders invest in both the cryptocurrency market and the stock market. Though the correlation between these markets is not exceptionally strong on a macro level, if the stock market is particularly weak on a given day, the opportunity value of investing in cryptocurrency will consequently increase.
· Pay attention to Bitcoin specific news sources. There are countless different news sources that are specifically committed to trading Bitcoin. This includes Cryptocoin News, Crypto Insider, Bitcoin Magazine, and many others. If you can dissect and act upon news more quickly than other traders, you will ultimately be able to beat the market to a price increase.
· Pay attention to the relationships between price, moving averages, and trading volumes. Though doing this will require a bit of technical analysis, understanding how specific events (such as when China made a major bulk investment in Bitcoin) connects with various metrics will prepare you to be a successful investor.
Though day trading will certainly require you to act with a sense of urgency, you should never do so while you are uninformed.
As stated, momentum trading is an approach to trading that allows short-term investors to minimize the risk of continued price drops and minimize the risk of holding onto a currency for too long. Additionally, day traders should recognize that cryptocurrency should never be traded without the use of stop orders (or even limit orders).
Stop orders allow traders to exit a position as soon as a price has dropped before a certain level. Though executing a stop order will result in a loss of wealth on a given day, it is an effective way to control the amount of wealth you stand to lose. Limit orders also make it possible for you to exit a position once your gains have reached an acceptable level.
When compared to other financial assets, your limit: stop order ratio for cryptocurrencies should be relatively high (5:1 is a good starting point). As long as you are able to protect yourself from risk, recognize when price increases are most likely to occur, and close your positions by the end of the day, you should have what it takes to be a successful Bitcoin day trader.
Bitcoin is one of the more volatile trading assets, which may initially deter some long-term investors. However, Bitcoin’s unique characteristics also make it something that can be quite useful for day traders. Taking the time to understand the variables that make the cryptocurrency unique and to develop a comprehensive trading strategy will help you enter the market with the awareness that you need to succeed.
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- General questions about altcoins
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- All regular rules for this subreddit apply, except for number 2. This, and only this, thread is exempt from the requirement that all discussion must relate to bitcoin trading.
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Over the past decade, Bitcoin has become an increasingly more important financial asset for investors all over the world. Though Bitcoin no longer maintains the nearly $18,000 maximum it achieved in December 2017—currently, it is trading for around $6,500—these figures are both still significantly higher than they were just a few years ago (usually trading for well below $5 per coin). Because of the incredibly volatility and trading volume that can be witnessed with Bitcoin and other comparable cryptocurrencies, Bitcoin has naturally attracted the interest of both day traders and long-term investors.
Bitcoin was originally introduced in the year 2009 as the world’s first digital and decentralized form of currency. Operating as a medium of exchange—comparable in many ways to paper currency—Bitcoin is accepted by an increasing number of vendors with each passing year. As a cryptocurrency, the supply of Bitcoin is naturally limited (and consequently, valuable) and the use of cryptography helps to keep ownership of a specific coin perpetually secure.
Bitcoin attracts traders and investors for a variety of different reasons. The asset itself possesses a high potential for returns, is shielded from certain market hazards, and experiences a tremendous amount of movement on any given day. However, despite these apparent benefits, trading Bitcoin is not without risks. The coin does experience frequent decreases in value on both a daily and long-term basis (especially between 12/2017 and 10/2018).
In this guide, we will discuss the most important things for you to keep in mind as a cryptocurrency day trader and how you can effectively use bitcoin to increase your daily rate of return. Because the cryptocurrency market is relatively new and unexplored, it is generally considered to have both a high possibility for daily returns as well as a risk of daily loses. Being able to pursue returns while simultaneously avoiding risk will ultimately prepare you to be a successful cryptocurrency investor.
One of the reasons that many people are hesitant to enter the cryptocurrency trading industry is the fact that the market is quite volatile. After all, a simple look at the past year of Bitcoin prices will clearly demonstrate that this is not an asset that is ideal for building your retirement savings. However, from the perspective of someone who is day trading—entering and exiting various positions within the same 24 hour period—volatility can often be a very good thing.
Using strategies such as momentum trading can help you attach yourself to a given currency as it begins to accumulate in value and exit your position before the value increase has diminished. This strategy will require you to consistently monitor the direction of prices throughout the day, which makes it exceptionally compatible for individuals who are day traders. Taking advantage of a volatile, decentralized, and modern type of currency is one of the ways that momentum trading can be most effectively utilized.
Though both day traders and long-term investors have the same underlying objective—entering a position and then exiting a position at a relatively higher price—the ways in which these trades are executed will be significantly different. While long-term investors have to think about whether a given cryptocurrency will significantly increase in value over time, day traders only need to think about how the value will change by the end of the day (or in some cases, even less).
As a day trader, daily volatility, trading volumes, and the cost of trading will all need to be closely monitored. Instead of looking at moving averages as they occur over a 100-day or 200-day timeframe, you should focus on moving averages that are 1, 3, or 5 days old. This will help you be able to correctly identify if a position in the Bitcoin market is actually worth taking—remember, it is never a wise idea to assume a short-term position simply for the sake of trading.
The Bitcoin market is without a doubt rather unique, but that doesn’t mean that it exists in a vacuum. There are many different indicators you should look at before deciding whether or not to assume a given position.
· Pay attention to other cryptocurrencies. Bitcoin is like the “American Dollar” of the cryptocurrency market in the sense that is more connected to the activities of other currencies than any others in existence. Paying attention to other cryptocurrencies—such as Ethereum Bitcoin Cash, Ripple, Litecoin, etc.—can help you identify the potential for movements in the industry as a whole.
· Pay attention to day trading alternatives. Many day traders invest in both the cryptocurrency market and the stock market. Though the correlation between these markets is not exceptionally strong on a macro level, if the stock market is particularly weak on a given day, the opportunity value of investing in cryptocurrency will consequently increase.
· Pay attention to Bitcoin specific news sources. There are countless different news sources that are specifically committed to trading Bitcoin. This includes Cryptocoin News, Crypto Insider, Bitcoin Magazine, and many others. If you can dissect and act upon news more quickly than other traders, you will ultimately be able to beat the market to a price increase.
· Pay attention to the relationships between price, moving averages, and trading volumes. Though doing this will require a bit of technical analysis, understanding how specific events (such as when China made a major bulk investment in Bitcoin) connects with various metrics will prepare you to be a successful investor.
Though day trading will certainly require you to act with a sense of urgency, you should never do so while you are uninformed.
As stated, momentum trading is an approach to trading that allows short-term investors to minimize the risk of continued price drops and minimize the risk of holding onto a currency for too long. Additionally, day traders should recognize that cryptocurrency should never be traded without the use of stop orders (or even limit orders).
Stop orders allow traders to exit a position as soon as a price has dropped before a certain level. Though executing a stop order will result in a loss of wealth on a given day, it is an effective way to control the amount of wealth you stand to lose. Limit orders also make it possible for you to exit a position once your gains have reached an acceptable level.
When compared to other financial assets, your limit: stop order ratio for cryptocurrencies should be relatively high (5:1 is a good starting point). As long as you are able to protect yourself from risk, recognize when price increases are most likely to occur, and close your positions by the end of the day, you should have what it takes to be a successful Bitcoin day trader.
Bitcoin is one of the more volatile trading assets, which may initially deter some long-term investors. However, Bitcoin’s unique characteristics also make it something that can be quite useful for day traders. Taking the time to understand the variables that make the cryptocurrency unique and to develop a comprehensive trading strategy will help you enter the market with the awareness that you need to succeed.
This FAQ and information thread serves to inform both new and existing users about common Bitcoin topics that readers coming to this Bitcoin subreddit may have. This is a living and breathing document, which will change over time. If you have suggestions on how to change it, please comment below or message the mods.
What is /r/btc?
The /r/btc reddit community was originally created as a community to discuss bitcoin. It quickly gained momentum in August 2015 when the bitcoin block size debate heightened. On the legacy /r/bitcoin subreddit it was discovered that moderators were heavily censoring discussions that were not inline with their own opinions.
Once realized, the subreddit subscribers began to openly question the censorship which led to thousands of redditors being banned from the /r/bitcoin subreddit. A large number of redditors switched to other subreddits such as /r/bitcoin_uncensored and /r/btc. For a run-down on the history of censorship, please read A (brief and incomplete) history of censorship in /r/bitcoin by John Blocke and /r/Bitcoin Censorship, Revisted by John Blocke. As yet another example, /r/bitcoin censored 5,683 posts and comments just in the month of September 2017 alone. This shows the sheer magnitude of censorship that is happening, which continues to this day. Read a synopsis of /r/bitcoin to get the full story and a complete understanding of why people are so upset with /r/bitcoin's censorship.
Why is censorship bad for Bitcoin?
As demonstrated above, censorship has become prevalent in almost all of the major Bitcoin communication channels. The impacts of censorship in Bitcoin are very real. "Censorship can really hinder a society if it is bad enough. Because media is such a large part of people’s lives today and it is the source of basically all information, if the information is not being given in full or truthfully then the society is left uneducated [...] Censorship is probably the number one way to lower people’s right to freedom of speech." By censoring certain topics and specific words, people in these Bitcoin communication channels are literally being brain washed into thinking a certain way, molding the reader in a way that they desire; this has a lasting impact especially on users who are new to Bitcoin. Censoring in Bitcoin is the direct opposite of what the spirit of Bitcoin is, and should be condemned anytime it occurs. Also, it's important to think critically and independently, and have an open mind.
What is the goal of /r/btc?
This subreddit is a diverse community dedicated to the success of bitcoin. /r/btc honors the spirit and nature of Bitcoin being a place for open and free discussion about Bitcoin without the interference of moderators. Subscribers at anytime can look at and review the public moderator logs. This subreddit does have rules as mandated by reddit that we must follow plus a couple of rules of our own. Make sure to read the /r/btc wiki for more information and resources about this subreddit which includes information such as the benefits of Bitcoin, how to get started with Bitcoin, and more.
What is Bitcoin?
Bitcoin is a digital currency, also called a virtual currency, which can be transacted for a low-cost nearly instantly from anywhere in the world. Bitcoin also powers the blockchain, which is a public immutable and decentralized global ledger. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. Read the Bitcoin whitepaper to further understand the schematics of how Bitcoin works.
What is Bitcoin Cash?
Bitcoin Cash (ticker symbol: BCH) is just an updated version of Bitcoin which solves the scaling problems that have been plaguing Bitcoin Core (ticker symbol: BTC) for years. Bitcoin Cash is just a continuation of the Bitcoin project that allows for bigger blocks which will give way to more growth and adoption. You can read more about Bitcoin Cash on BitcoinCash.org or read What is Bitcoin Cash?
How do I buy Bitcoin?
You can buy Bitcoin on an exchange or with a brokerage. If you're looking to buy, you can buy Bitcoin with your credit card to get started quickly and safely. There are several others places to buy Bitcoin too; please check the sidebar under brokers, exchanges, and trading for other go-to service providers to begin buying and trading Bitcoin. Make sure to do your homework first before choosing an exchange to ensure you are choosing the right one for you.
How do I store my Bitcoin securely?
After the initial step of buying your first Bitcoin, you will need a Bitcoin wallet to secure your Bitcoin. Knowing which Bitcoin wallet to choose is the second most important step in becoming a Bitcoin user. Since you are investing funds into Bitcoin, choosing the right Bitcoin wallet for you is a critical step that shouldn’t be taken lightly. Use this guide to help you choose the right wallet for you. Check the sidebar under Bitcoin wallets to get started and find a wallet that you can store your Bitcoin in.
Why is my transaction taking so long to process?
Bitcoin transactions typically confirm in ~10 minutes. A confirmation means that the Bitcoin transaction has been verified by the network through the process known as mining. Once a transaction is confirmed, it cannot be reversed or double spent. Transactions are included in blocks.
If you have sent out a Bitcoin transaction and it’s delayed, chances are the fee you used wasn’t enough to out-compete others causing it to be backlogged. The transaction won’t confirm until it clears the backlog. This typically occurs when using the Bitcoin Core (BTC) blockchain due to poor central planning.
If you are using Bitcoin Cash (BCH), you shouldn't encounter these problems as the block limits have been raised to accommodate a massive amount of volume freeing up space and lowering transaction costs.
Why does my transaction cost so much, I thought Bitcoin was supposed to be cheap?
As described above, transaction fees have spiked on the Bitcoin Core (BTC) blockchain mainly due to a limit on transaction space. This has created what is called a fee market, which has primarily been a premature artificially induced price increase on transaction fees due to the limited amount of block space available (supply vs. demand). The original plan was for fees to help secure the network when the block reward decreased and eventually stopped, but the plan was not to reach that point until some time in the future, around the year 2140. This original plan was restored with Bitcoin Cash (BCH) where fees are typically less than a single penny per transaction.
What is the block size limit?
The original Bitcoin client didn’t have a block size cap, however was limited to 32MB due to the Bitcoin protocol message size constraint. However, in July 2010 Bitcoin’s creator Satoshi Nakamoto introduced a temporary 1MB limit as an anti-DDoS measure. The temporary measure from Satoshi Nakamoto was made clear three months later when Satoshi said the block size limit can be increased again by phasing it in when it’s needed (when the demand arises). When introducing Bitcoin on the cryptography mailing list in 2008, Satoshi said that scaling to Visa levels “would probably not seem like a big deal.”
What is a hard fork?
A hard fork is when a block is broadcast under a new and different set of protocol rules which is accepted by nodes that have upgraded to support the new protocol. In this case, Bitcoin diverges from a single blockchain to two separate blockchains (a majority chain and a minority chain).
What is a soft fork?
A soft fork is when a block is broadcast under a new and different set of protocol rules, but the difference is that nodes don’t realize the rules have changed, and continue to accept blocks created by the newer nodes. Some argue that soft forks are bad because they trick old-unupdated nodes into believing transactions are valid, when they may not actually be valid. This can also be defined as coercion, as explained by Vitalik Buterin.
Doesn't it hurt decentralization if we increase the block size?
Some argue that by lifting the limit on transaction space, that the cost of validating transactions on individual nodes will increase to the point where people will not be able to run nodes individually, giving way to centralization. This is a false dilemma because at this time there is no proven metric to quantify decentralization; although it has been shown that the current level of decentralization will remain with or without a block size increase. It's a logical fallacy to believe that decentralization only exists when you have people all over the world running full nodes. The reality is that only people with the income to sustain running a full node (even at 1MB) will be doing it. So whether it's 1MB, 2MB, or 32MB, the costs of doing business is negligible for the people who can already do it. If the block size limit is removed, this will also allow for more users worldwide to use and transact introducing the likelihood of having more individual node operators. Decentralization is not a metric, it's a tool or direction. This is a good video describing the direction of how decentralization should look.
Additionally, the effects of increasing the block capacity beyond 1MB has been studied with results showing that up to 4MB is safe and will not hurt decentralization (Cornell paper, PDF). Other papers also show that no block size limit is safe (Peter Rizun, PDF). Lastly, through an informal survey among all top Bitcoin miners, many agreed that a block size increase between 2-4MB is acceptable.
What is the block size debate all about anyways?
The block size debate boils down to different sets of users who are trying to come to consensus on the best way to scale Bitcoin for growth and success. Scaling Bitcoin has actually been a topic of discussion since Bitcoin was first released in 2008; for example you can read how Satoshi Nakamoto was asked about scaling here and how he thought at the time it would be addressed. Fortunately Bitcoin has seen tremendous growth and by the year 2013, scaling Bitcoin had became a hot topic. For a run down on the history of scaling and how we got to where we are today, see the Block size limit debate history lesson post.
What now?
Bitcoin is a fluid ever changing system. If you want to keep up with Bitcoin, we suggest that you subscribe to /r/btc and stay in the loop here, as well as other places to get a healthy dose of perspective from different sources. Also, check the sidebar for additional resources. Have more questions? Submit a post and ask your peers for help!
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Address (SegWit of course): https://blockchair.com/bitcoin/address/bc1qpjm2uak8cj89dmww0wk2l98rpc34wpcws7mjuc
Method hint: https://www.instagram.com/p/Blll58BAJOU/
(I used the bcoin and bcrypto libraries, but You can also use online tools like https://segwitaddress.org/bech32/)
Our next show is in San Francisco on October 26! https://www.facebook.com/events/315439235698915
Star Service homepage: http://StarService.space
We also have a lightning node running :-) https://www.robtex.com/lightning/node/0355157b4260b70c7f407a720c527a84e9522cd948e7a8ad92ae00773be52488e3
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Latest Bitcoin News:
Bitcoin was used to fund Russias cyberattacks, Justice Department says
Other Related Bitcoin Topics:
Bitcoin Price | Blockchain | ICOs
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
This report was originally posted on Matrix / Slack / Discord but I was asked to repost it here.
some of you have asked me for a summary of the Ethfinex Governance Summit that took place in Switzerland last weekend. I have Live-Posted several presentations / panel discussions on Twitter, if you are interested in those please check out my Twitter timeline.
about the conference itself: attendees were mainly people from the Ethereum ecosystem since it was an Ethfinex event. some people were bit/ethfinex employees, others were investors, traders, but I've also met founders and developers. all in all a pretty diverse set of people. I could see that a lot of money was pumped into this Summit (more than necessary).
presentations were mostly done by ICO projects and the Ethfinex team. some projects that were interesting from a governance perspective were Colony, DAOstack and Aragon. one that I liked (and tweeted about) was from a EU MEP, talking about the sentiment of blockchain in the EU institutions.
the panel discussions were one of the most interesting part of this conference. I tried to post the two panel discussions on Twitter, but I realized there is way too much going on for me to capture it all, so I'll add some details here. first of all it was an interesting experience to see Vlad Zafmir or Dean Eigenmann in action, after interacting with them via Twitter and Medium. they both recognized me from Twitter, so it was fun to meet them in meat space and talk about governance face to face.
it turns out that much of the "hate" towards on-chain governance can be explained by the difference between Digital currencies and Smart contract platforms. Bitcoin and Decred fall in the first category, Ethereum, EOS or Tezos fall in the second. the reason why on-chain governance works well for Decred is because it's simply about money. users and holders are relatively aligned there. for Ethereum, holders (speculators & ICO treasuries) and users (app developers, vendors, consumers) are much less aligned. there is also the problem of smart contracts themselves, which are often poorly written and might break under new consensus rules. this makes coin voting and automatic upgrades of the chain problematic for Ethereum, hence the negative perspective of on-chain governance. another factor that adds to this view, is that the Ethereum competition is big on governance, so the Ethereum people (much like Bitcoin maximalists) praise immutability and robustness of their blockchain. they do not dismiss governance at all, but they do have their reasons to paint it as a bad thing (or at least until they have found a satisfying solution in place).
in the end, we all have the same goal: building a decentralized world and promoting freedom and autonomy. for this reason, I'm confident that the future of Decred is bright. I have chatted with several attendees (both bitfinex employees, investors, founders and devs) and all of them were impressed by Decred's past, present and future. if you have any further questions about the event, feel free to ask them here, or send me a direct message on Matrix
Latest Bitcoin News:
Over 1500 Bitcoin ATMs to Be Deployed in Argentina in Response to Rampant Inflation
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The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
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Mixin was turning out in late 2017, there were a few words make individuals feel confounded, for example, Mixin, Mixin Network, Mixin Messenger, and XIN. Individuals dependably misjudge them, in the event that you consent to it, if it’s not too much trouble keep on perusing this article, you’ll discover the appropriate response.
Mixin is the name of the task and the name of the blockchain or we can state it general society blockchain, and Mixin Network is a free and exceptionally quick shared value-based system for computerized resources. It dispersed a cross-chain arrangement with implicit savvy gets that encourages right away and secure cryptographic money and crypto-resource exchange.
It enables engineers to construct cross-chain DApps based Mixin Network convention. As a TEE controlled BFT-DAG arrange, Mixin could interface all current blockchains with boundless throughput. It’s presently supporting Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Ripple, Sia. Additionally Mixin will bolster all well known blockchains in the blink of an eye.
This thread is for any events going on in Iowa this week! What events will you be attending? What events do you want to attend? What events do you want to promote? Whats new around that state this week? Add a comment below. Anything from music to politics to a house party.
If you have any recurring events, specials, or other suggestions for this weekly thread, please send us a modmail or post it here and ping /u/annarchist - else it will likely be focused on shit Im interested in.
Please provide the following when posting new events: Time, Date, Location, Cost and some sort of description of the event.
New threads start every week, and will be stickied at the top of the subreddit. I am still working on the formatting, so if it sucks or you want changes, please provide feedback.
Here are some places to find things to do - if you see something that looks cool feel free to discuss it here because I'm sure some of us will miss it: Cityviews Calendar - Juice Calendar - Des Moines Register Event Page - Catch Des Moines Calendar - Travel Iowa Event Search
Outdoors: Trout Stocking Schedule | Iowa Biking Maps | Outdoors Things to Do | Hunting Regulations | Fishing Regulations Note -Annual Iowa hunting and fishing licenses expire on Jan. 10.
Sports: Iowa Cubs Schedule | Cedar Rapids Kernal Schedule | Hawkeye Football Schedule | Hawkeye Basketball Schedule | Iowa State Football Schedule | Iowa State Basketball Schedule | Drake Basketball | UNI Football | UNI Basketball | Barnstormer Schedule
Music: Bands in Town - Des Moines | Bands in Town - Cedar Falls | Bands in Town - Iowa City | Nitefall on the River
Local Message Boards: UrbanDSM|IowaOutdoors515Crew Election|Dates :--|:-- General Election|November 6, 2018. City Primary|October 8, 2019 Regular City & Regular School|November 5, 2019 City Runoff|December 3, 2019 Primary|June 2, 2020 General|November 3, 2020
Des Moines Reoccurring Events:
*First Friday of Every Month is Mixology at the Science Center in Des Moines * Blues Jam Band every Tuesday at Carl's Place, $3 tallboys * Area515 1731 Grand Avenue, Des Moines - Electronics Club 2nd Wednesdays at 7pm - 3D Printing Club 3rd Mondays at 7pm - Ham Radio Night 4th Mondays at 7pm * Young Professionals Connection Calendar * Des Moines Bitcoin and Blockchain MeetUp at Gravitate in West Des Moines - 4th Thursday of the month - 7:00pm
Quad Cities Reoccuring events: * Every other Wednesday (July 25th): Eat the Streets (downtown Davenport) * relevant sub thread
Cedar Falls Reoccurring Events: * Every Tuesday night there are rides that leave at singlespeed in CF. 5:30 is the 22mph average ride. 6:00 is the 18mph average ride and women's ride. * Every Wednesday is the the CvC WOW ride that meets at 6 pm at 4th and Main St in CF. Several types of rides for all types of riders.
Hunting Season Dates (If you guys think this takes up too much space lmk and I can remove it or replace it with a link to the regs. Either way Ive got to remember to remove it once seasons end) Season|Date
:--|:-- Rooster Pheasant | Oct. 27 - Jan. 10, 2019 Bobwhite Quail | Oct. 27 - Jan. 31, 2019 Rabbit (Cottontail)| Sept. 1 - Feb. 28, 2019 Squirrel (Fox and Gray)| Sept. 1 - Jan. 31, 2019 Crow | Oct. 15 - Nov. 30 and Jan. 14 - March 31, 2019 Pigeon | Continuous Open Season Coyote | Continuous Open Season
| Deer | Dates |
|---|---|
| Youth Season | Sept. 15-30 Aug. 15 |
| Disabled Hunter Season | Sept. 15-30 Aug. 15 |
| Early Archery | Oct. 1-Nov. 30 |
| Late Archery | Dec. 17 - Jan. 10, 2019 |
| Early Muzzleloader | 5 Oct. 13-21 |
| Late Muzzleloader | Dec. 17 - Jan. 10, 2019 |
| Shotgun/Straight-Wall | Date |
|---|---|
| Season 1 | Dec. 1-5 |
| Season 2 | Dec. 8-16 |
| Nonresident Holiday | Dec. 24 - Jan. 2, 2019 |
| January Antlerless | Jan. 11-27, 2019 |
Central Iowa Bar Map - If you know who created this or want to download the XML and expand on it, please do so! If you create an updated one including your regions bar, Ill replace this one.
Note this is going to start likely central Iowa Centric as I am using that as the baseline the creation of this.
Tag /u/AnnArchist if you post in here with like something added on a weekly basis. I also included the tag here so I remember to check this.
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