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BCexchange, the decentralized cryptocurrency exchange for everyone
Subreddit for BCexchange (short for Blocks & Chains Decentralized Exchange). B&C Exchange will be an open-source decentralized exchange that completes cryptocurrency trades between users by utilizing multisig signers that compete for blockchain rewards based on their effectiveness and honesty. Trades occur using real cryptocurrencies such as Bitcoin and NuBits.
03-28 23:33 - 'If the US Government and every other government on the planet synchronized a ban, while simultaneously jailing anyone who profits from Bitcoin, while also cracking SHA-256 and the next few logical POW algos that BTC might upgr...' by /u/gonzobon removed from /r/Bitcoin within 32-42min
''' If the US Government and every other government on the planet synchronized a ban, while simultaneously jailing anyone who profits from Bitcoin, while also cracking SHA-256 and the next few logical POW algos that BTC might upgrade to with secret Government quantum computers. Along with jailing all of the major core developers and anyone who contributes to the code in a significant fashion. They could slow it down a lot. I'm not sure this would result in a "never" result. But that's the extent I could imagine the Governments could get involved. They would have to break so many things, violate so many laws, and jail so many people to stop this and it might not pay off for them. Bitcoin gets harder to create as time goes on. That's what I try to focus on. ''' Context Link Go1dfish undelete link unreddit undelete link Author: gonzobon
Lenny vs Fred who says he is from bitcoin profit trying to help Lenny get trading bitcoin by activating the account Lenny Oser signed up for. Fred is Mikas work colleague who is calling up as apparently Mika had a problem understanding Lenny on a previous call. Poor Fred :)
12-08 21:44 - 'If you want to earn really good money in front of a computer, go to the profit revolution and start earning today! The best program in its category, millions of satisfied customers who have been earning for several years. / [[...' by /u/martitaa87 removed from /r/Bitcoin within 0-8min
''' If you want to earn really good money in front of a computer, go to the profit revolution and start earning today! The best program in its category, millions of satisfied customers who have been earning for several years. [[link]2 ''' Context Link Go1dfish undelete link unreddit undelete link Author: martitaa87 1: fireads.onli*e/li**/1*49/***924*3 2: fireads.*n**ne/l**k/1*49/*669246**^^1 Unknown links are censored to prevent spreading illicit content.
The Core Cartel is a bunch of corrupt fat cat VC companies, which created protocol road blocks to profit from it. But BTC users remain silent or tolerate this, because Lambo! Those who have a spine & integrity moved to BCH, because they want a "Bitcoin For Everyone"!
Bitcoin ATMs are showing up in check cashing, vaping and convenience stores across the Twin Cities. They look like conventional cash ATMs, but they’re installed by entrepreneurs hoping to profit from consumers who previously had no easy way to trade in virtual currency.
10-20 18:14 - 'Bitcoin have be giving me a lot of joy lately ever since I met a trader who have been managing my Btc account. I have made a lot of profit since I met her. / If which to meet her too, this her contact +18063700867' by /u/Mumedibbles removed from /r/Bitcoin within 684-694min
Reminder: Off-chain solutions are not Bitcoin. You only have a true Bitcoin transaction if it is added and verified on the main Bitcoin blockchain. Permissioned side-chains and future Lightning hubs are attempts to centralize and steal away profit from miners who actually secure the network.
The only way to truly scale Bitcoin is to raise, remove or make the maximum blocksize adaptive. There will always be a market-based natural limit to how high blocks will get due to miners fear of losing a block reward. Any off-chain solution isn't a real scaling solution. Period.
It’s been a hazy start to the year of 2018 for bitcoin, but here comes the sun. April 17 marks the end of tax season in the United States, which started in January 29. Investors who profited from bitcoin’s massive rally in December are having to come up with the money to pay Uncle Sam now, which could explain a percentage of the selling pressure in the bitcoin price in March. Coincheck may be on the block in the near future. Not only is it for sale but the potential buyer, the Japanese third largest online brokerage Monex Group, is the parent company of US-based TradeStation (with massive data and charting capabilities) and is publicly traded. In general, the forces for bitcoin are stronger than the forces against it. There are many unpredictable things related to cryptocurrency. For instance, major bitcoin markets around the world including the United States are awaiting a regulatory framework to take shape to take the uncertainty out of the equation, among other reasons. It could be the catalyst the cryptocurrency markets need to bring them over the top.
So Bitcoin and other Altcoins are creating alot of buzz and I mean alot...the coin market is flying all over the place. I'm one of the many who profited from Bitcoin's jump but I have yet to calculate tax. Would it classed as Capital Gains Tax? Just like selling stocks on the Sharemarket and gaining, the government wants a piece of that so therefore it's taxed. But if you hold it for a whole year you get a 50% discount on tax. Does this apply to Cryptocurrency markets? I can't find anything on it (perhaps i need to dig deeper) so I assume its CGT. It's essentially a sharemarket for digital coins so I dunno.
Bitcoin uses PoW to incentivize people who are "long" bitcoin (ie miners, who listen to hodlers) to be "honest" - ie "intelligently profit-seeking". Sybils and sockpuppets (and brainwashed newbies posting UASF cat pics on r\bitcoin) tend to be "short" bitcoin, so they are excluded from this process.
Summary of Dutch Three part news story on Bitcoin with Link
Who profits from Bitcoin?
Explains the creation of a Bitcoin address, how to buy and explains mining.
Names some of the early adaptors and some of the scams with Bitcoin.
Explains the philosophy behind the Bitcoin.
Has a short interview with Roger Ver (over skype, because landlines are too expensive LOL).
Does Bitcoin really have a future?
Cites some warnings from the banking world.
Explains that there are huge fluctuations on the exchanges.
Notes Bank of America's statement from last friday.
States that the bitcoin could have huge potential, if it surpasses it's infancies.
(Opinion piece) The teenager of the monetary system
States that the opinions on Bitcoin differ alot.
States that the fluctuations don't help the Bitcoin to become a currency, instead of a speculatory stock.
States that the Bitcoin gets you into a kind of 'frontier' way of thought.
States that the Bitocin has no regulations and is non reversable. That makes it attractive to criminals.
States that the Bitcoin is still in it's infancy, and looks like it's a experiment gone wild. They would like to see the experiment grow and learns from there mistakes, rather than to kill it right now.
10-02 07:53 - 'Have you ever met a certified hacker who after carrying out a wonderful job, sent you the perfect job and asked that they be paid in bitcoin, what a profitable transaction! last month, I asked for help from [email protected] GmAil d0...' by /u/hon-kay removed from /r/Bitcoin within 43-53min
''' Have you ever met a certified hacker who after carrying out a wonderful job, sent you the perfect job and asked that they be paid in bitcoin, what a profitable transaction! last month, I asked for help from [email protected] GmAil d0t com and he did a wonderful and perfect job only for him to ask me to pay him via BTC, I had quite mixed feelings like wow! is cryptocurrency the new currency? what is happening in our world? anyyway, it really made everything easier for me, i just did everything within 48hours and got the job I asked for. ''' Context Link Go1dfish undelete link unreddit undelete link Author: hon-kay
Morality of holding USD cashed out from bitcoin bubble -- If profits were protected by Tether and Bitfinex, creating FOMO that resulted in many retail investors buying in the $10k-19k range, and you are a previous holder who sold in this range, how do you feel? I'm not judging; I'm jus /r/Bitcoin
Is it just me or Bitcoin Core (btc) has become a security as it doesn't seem to pass the Howey test anymore? Since Blockstream's hostile take over we have only "HODL"-ers who HODL & wait for Lightning, aka hoping to profit from efforts of others. /r/btc
The latter half of Bitcoin's logarithmic growth curve will be due to people and organizations that are forced to adapt. They won't be happy about this.
It is a common phenomenon of technology that inventions that are at first voluntary to participate in end up changing society in such a manner that participation becomes an obligation. The tragedy is that although early adapters have an advantage in life by being first to step into the new technology, this is no guarantee that the advantage enjoyed by these individuals can be extrapolated to society as a whole. It is even possible for an invention to be a net detriment to human wellbeing, and yet change society in such a manner that humans can not abandon it. As an example, at first the automobile deliver a speed advantage to the privileged minority that was able to afford it. This advantage disappeared as the automobile became more popular, which required an increase in time-consuming regulations. The automobile also became a mandatory technology for people with no desire to acquire an automobile. The widespread introduction of the automobile makes streets more dangerous for children, forcing them to travel by bus to school. More people start using supermarkets instead of local stores, thus shutting down local stores. Eventually, new neighborhoods began to be constructed in such a manner that ownership of an automobile became essential to live there. The rule of new technologies becoming mandatory is not universal. As an example, a technology like the dishwasher, despite being useful, has not fully penetrated every household yet. There are certain aspects of "mandatory innovations" that set them apart from technologies that did not become nearly universal in developed societies. Technologies that have a greater risk of becoming mandatory in use for every participant in a society are those technologies that have a strong social aspect to them. If a new technology allows people to communicate in a more efficient manner, previous methods of communication will become less useful as they will be used less which leads to a positive feedback loop, thereby increasing the speed of transition. As an example, consider the rapid growth and demise of social networking sites, or the rapid spread of cell phone technology. Another example of a factor that leads to a technology becoming mandatory to use is in scenarios where a technology provides an economic advantage. In a competitive free market system with full information, businesses have no choice whether or not to implement a technological innovation that reduces their cost of production, as customers will transition to whatever merchant offers the lowest price. A third factor that leads to increased adaptation of technology is in situations of uncertain availability in the future. This is a phenomenon we see all around us. The scramble for Africa was caused by the fear of nations to end up without any place for colonial expansion. The number of college students in European countries increases when governments prepare measures to reduce subsidies for students. Solar panels became popular in Germany and the Netherlands through high subsidies that were clearly unsustainable. Gun purchases increase directly after school shootings. The threat of losing the option to purchase a product is a direct incentive for people to purchase the product, even if people were otherwise reluctant to obtain the product. It's very rare for a technology to combine all three of these factors, but Bitcoin happens to do it. Bitcoin is a scarce social technology that provides a competitive economic advantage. These three factors will play a determining role in the latter half of Bitcoin's exponential growth curve. A large group of people will purchase Bitcoin because an increasing number of products will be unavailable to them without using Bitcoin. Examples are gambling, drugs and services requiring micropayments. Similarly, a large group of merchants will be forced to adopt Bitcoin to avoid losing customers. Certain industries will be forced to adapt to Bitcoin if they wish to survive, due to Bitcoin's economic advantages. Examples include banks and financial institutes, whose role will be to insure regular users against theft of their Bitcoin. Businesses dependent on tourists will be forced to accept Bitcoin due to the high cost of exchanging currencies. The third factor is the most disturbing, the factor of scarcity. Eventually after all, Bitcoin will be used as one of the few methods to store wealth. This will lead to a situation where people become forced to buy Bitcoin, to preserve their own wealth. The people who profit from Bitcoin now profit at the cost of the late adapters, people who will be forced to exchange their depreciating currency for Bitcoin. The end result of this will be a global transfer of wealth. This is going to be a disastrous event, and it will likely happen at a much more rapid pace than we expect it to happen, because of the positive feedback loops involved in social technologies. A lot of people will be forced to participate against their will.
02-04 19:33 - 'Their trading platform is missing a good deal of information that most platforms have. Either way for people who are essentially just gambling with Crypto it will be a magnet for them since it doesn’t cut into profits. Person...' by /u/CanfieldOO7 removed from /r/Bitcoin within 0-9min
''' Their trading platform is missing a good deal of information that most platforms have. Either way for people who are essentially just gambling with Crypto it will be a magnet for them since it doesn’t cut into profits. Personally I’m excited for it though because it helps bring more people into crypto much faster and easier. Shameless plug: PM me if you need a referral link for a free share of stock with RH ''' Context Link Go1dfish undelete link unreddit undelete link Author: CanfieldOO7
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