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Verge is a decentralized currency designed for everyday use and for those who value privacy. It improves upon the original Bitcoin blockchain by using multiple anonymity-centric networks such as Tor and i2p. It utilizes multi-algorithm mining support to improve security and provide equal distribution of coins to miners. Verge is community driven and open source and is not funded by any pre-mines or ICO's.
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CRH: The World's Largest Coin Roll Hunting Community!

Welcome to the world's largest Coin Roll Hunting community! Come meet other hunters, share your finds, give and get advice, and share in whatever else has to do with the hobby of Coin Roll Hunting (also known as Bank Roll Hunting).
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"The original values of Bitcoin been abandoned and perverted" In Bitcoin Core, but not in Bitcoin Cash.

submitted by MemoryDealers to btc [link] [comments]

Mycelium keeps track of the original value of bitcoin youve received, but updates the value of bitcoin youve spent. Ouch. /r/Bitcoin

Mycelium keeps track of the original value of bitcoin youve received, but updates the value of bitcoin youve spent. Ouch. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Daniel Krawisz: The Original Value of Bitcoins

Daniel Krawisz: The Original Value of Bitcoins submitted by MoneyPowerNexis to austrian_economics [link] [comments]

The Original Value of Bitcoins

The Original Value of Bitcoins submitted by AKWAnalytics to Bitcoin [link] [comments]

The original value of bitcoins

The original value of bitcoins submitted by _________lol________ to BitcoinSerious [link] [comments]

PlanB: Bitcoin Stock-to-Flow Cross Asset Model "S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K. Solidifying known facts from the original"

PlanB: Bitcoin Stock-to-Flow Cross Asset Model submitted by WTF_is_BITCOIN to Bitcoin [link] [comments]

The original Bitcoin whitepaper by Satoshi mentions “transaction” 69 times, “cash” or “payment” 18 times, “gold” 2 times, and “store of value” 0 times. 🤔🤔🤭

submitted by scotty321 to btc [link] [comments]

One year later, this (still unspent) paycheck is worth double its original value because I sell my dollar-denominated labor for bitcoin instead of fiat. Don't sell yourself for State confetti.

One year later, this (still unspent) paycheck is worth double its original value because I sell my dollar-denominated labor for bitcoin instead of fiat. Don't sell yourself for State confetti. submitted by cooriah to Bitcoin [link] [comments]

I hope this massive failure as a 'store-of-value during uncertain times' for Bitcoin finally shatters the illusion and we can move on to what Bitcoin was originally created for...to be USED

I really hope this is it, the event that shatters Bitcoin as we know it, and allows the coins with actual utility to grow into their deserved positions. Whether it be BCH, ETH, NANO, ZCASH, DASH, whatever. I am just so tired of the fake Bitcoin success that is based almost solely on price speculation, and not actual usability.
The silver lining of this massive economic downturn is that maybe we can get a reset, and reallocate the misplaced value of Bitcoin into REAL P2P cash and digital currency options.
Thankfully, I sold all my crypto a while ago, because I knew Bitcoin had to collapse at some point. I hope this collapse continues, and the floor opens up for coins to legitimately increase in value based on their utility and use...not just speculation.
submitted by AbrahamSTINKIN to btc [link] [comments]

PlanB: Bitcoin Stock-to-Flow Cross Asset Model "S2FX model estimates a market value of the next BTC phase/cluster (BTC S2F will be 56 in 2020–2024) of $5.5T. This translates into a BTC price (given 19M BTC in 2020–2024) of $288K. Solidifying known facts from the original"

PlanB: Bitcoin Stock-to-Flow Cross Asset Model submitted by Fiach_Dubh to BitcoinCA [link] [comments]

why are the top voted posts in this subreddit about bitcoin being a store of value and to HODL when bitcoin was originally meant to be peer to peer cash?

submitted by BannedbyLeftists to bitcoincashSV [link] [comments]

why are the top voted posts in this subreddit about bitcoin being a store of value and to HODL when bitcoin was originally meant to be peer to peer cash?

submitted by BannedbyLeftists to btc [link] [comments]

I quit btc.

TL&DR Basically rant why I don’t want to face bitcoin core supporters constant lies and I don’t want to have anything to do with bitcoin core (btc) anymore.
Bitcoin was always about sending safely digital money to anybody, anywhere and without need of central authority. It was very clearly stated in first discussions and first promoting materials, that whole idea is for it to work instantly with no fees, or very little fees and it is for everybody equally and anonymously.
Nobody was ever suggesting that bitcoin is finished product. Probably it is fair to say everybody were expecting some kind of problems and different and unforeseen circumstances that could potentially kill the project any minute and instantly. Many of users could also see potential new use cases and phenomenal possibilities for the future. Bitcoin got quickly recognised as very risky but very promising technology that could change the world. Things like that don’t happened every day.
Evolution of bitcoin was inevitable. Every aspect of bitcoin needed protection and improvement to face problems.
Oh boy, but how I’m surprised what way it all went.
Maximum blocksize was introduce by bitcoin creator as a temporary measure to mitigate problems bitcoin was vulnerable at the time. It was always suppose to be increased when needed and Bitcoin creator (Satoshi Nakamoto) even said how to do it effortlessly. That max block size was trivial temporary fix that not many at the time realised how big obstacle for bitcoin it will become. Unfortunately for all of us, Satoshi left the project, before sorting it out.
Instant transactions were removed when “replace by fee” feature and increasing transaction waiting time in mempool from, I think 3 days to 14 days, were introduced. It was done to allegedly make it easier to estimate correct fee needed to pay to get to next block. In effect though, it enabled race to the top of the fees where in order to keep up with increasing volume, it was better to increase fee above everybody else or face staying in limbo of unconfirmed transaction for two weeks or more in case some party chooses to rebroadcast transaction. What is more terrifying, transactions couldn’t be safely used as instant anymore, as a sender could potentially double spend transaction with sending funds to different than original address with higher fee and more chance to not get rejected. Instant transaction was basically killed. Now we all had to wait for confirmations, preferably 6 of them. Originally, that was only advised as extra safety measure for bigger purchases, but now thanks to rbf, it is a must. Plus fees were encouraged to go up.
Foundations for high fees were set by rbf and 1mb block size. When volume came with increasing adoption and interest from new users, fees skyrocketed to above 1000sat/byte. You could send with lower fees and get lucky, but basically fees were extremely high. Also, not every transaction is simple. This 1000sat/byte could easily result in fee on 100gbp for transaction if you were using many unspent outputs.
That killed adoption. Period. You can’t use bitcoin to send money if you have to pay transaction bigger than often value of transaction itself. Low fee or no fee aspect was killed and even vanished for a while from bitcoin.org site.
Important part is, that all of that above could have been justified. As I mentioned before, bitcoin is not finished and it is vulnerable so any changes should be tested, not rushed. I can understand that. What is more, I can not demand from bitcoin developers changes. I can propose changes myself and even show how to do it though.
But here is the tricky part. Bitcoin core developers killed all progress by censoring every discussion that was not in line with central party rhetoric. You want to talk about big blocks? Ban. You want to ask about why not? Ban. But, but… Ban. So changes can not be proposed anymore and discussed. It was possible to get ban even when taking part in discussion elsewhere or agree to something core didn’t approve and “obviously” being not in line.
Well done guys, you just created central authority that stand against everything that bitcoin was for.
How big fees were justified?
By pushing blame on users. It must be stupid to use bitcoin they said. When you using it you are taking precious resources. You are bad for bitcoin. Bitcoin is not money, it is store of value!!!
Just buy and hold. Sorry. Just buy and “hodl”. Be stupid meme reader. Than tell others to buy and hold. Create perfect ponzi. This is what bitcoin core is now being used mostly for.
Solutions proposed and introduced.
Segwit or Segregated Witness. (didn’t help)
Reorganisation of transaction record that changes the way transaction size is being counted and also fixes malleability issue. At the time of introduction it was being compared to approximately equal to increase to 1.7 mb block size. Now opinions and calculations are vary. Some give it more, but most are very confusing anyway. As misinformation is very common in bitcoin world, I leave it for everybody to check it themselves.
Segwit was mostly needed to introduce Lightning Network that required transaction malleability to be fixed. In normal bitcoin use, it wasn’t really big problem, but lightning apparently had to have it sorted this way.
Lightning network
Fascinating concept really I must admit. It is different layer working on top of bitcoin block chain. Instead of sending every transaction on chain, users were encouraged to use this so called settlement layer, where only final balancing is written on chain. In theory, when network will be big enough and everybody will connect, closing final balances will never be required or for very long time plus when something goes wrong. Lightning network is in even bigger beta than I thought and I don’t think I can say more about its technical side, but already I think it might be very interesting someday. It should not stop on chain scaling though.
My problem with Lightning network is more on idealogical level. It to much looks like trying to replicate existing banking system (I might be totally wrong on this) and there was LIE spread before introducing LN that everybody needs to run full node. It is a lie. Obvious lie.
First of all, the definition of full node has been changed. Originally full node was node that was doing all functions of node and that includes mining. Mining is now highly centralised and it has very big entry price, so normal user rather can’t run full node efficiently.
Definition has changed to call non mining nodes a full node. That implies they are important to bitcoin network. They are not. They are important for Lightning network though, as user has to be connected to it all the time via they're own node.
Not only Lightning Network is build on bitcoin chain but also on the lie and misinformation. That is very bad. Any discussion to put things straight as they are result in ban in every communication channel controlled by central authority of core devs.
Every day I come to reddit or any other social media, I see plenty of lies, usually from people that do not lie, and I am sick of it. Bitcoin is evil, bitcoin is broken, bitcoin is taken over by malicious group, that luckily forked away in August last year and is marked as btc.
Bch chain restored the original value of Bitcoin. Central authority is gone. If it happens again, we will fork away again. It is low fee or no fee system for everybody.
It is fascinating again. There is new development. Look on memo and blockpress. If you can’t see implications of this, I don’t know what to say.
Now is the time people have to choose though. Bitcoin cash has low volume. It is possible people don’t want uncensored money, social network, or network in general. Maybe they need Lambo dream and ponzi scheme? Maybe. I don’t know. But I’m off from btc and I am not coming back.
submitted by MarchewkaCzerwona to btc [link] [comments]

Bitcoin originators 'just decided one day' to create a digital store of value and eveybody (not yet) said 'Yes' , Explain this concept.

How did that work? And can it really expand into mass adoption?
Please leave price out of it. Volume is relevant. Transactions per year increasing is relevant. But bitcoin is still pretty niche, fractional amounts of people even know about it beyond a headline, how many people would buy into this 'hey I created money' digital asset?
Also. I'll add the rising volume is almost 99% speculative. Meaning, they don't buy the concept of 'digital store of value/currency' but rather just making money off it converting to fiat.
Step back from the moon rocket and explain how the population is going to jump aboard a newly created store of value 100% digital...in a world were hacks and internet outages is pretty common.
I guess my question is philosophical. Why would the world accept some newly created currency en mass ? You're betting on zero other options should a massive collapse happen? Government adoption? What is going to move the world into this brand new completely not time tested store of value?
submitted by normantwain to Bitcoin [link] [comments]

11-10 21:03 - 'why are the top voted posts in this subreddit about bitcoin being a store of value and to HODL when bitcoin was originally meant to be peer to peer cash?' (self.Bitcoin) by /u/BannedbyLeftists removed from /r/Bitcoin within 95-105min

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why are the top voted posts in this subreddit about bitcoin being a store of value and to HODL when bitcoin was originally meant to be peer to peer cash?
Go1dfish undelete link
unreddit undelete link
Author: BannedbyLeftists
submitted by removalbot to removalbot [link] [comments]

Cobra: "It’s easy to understand why Bitcoin Cash supporters say their coin is the “original vision”, because it probably *is* closer to the original vision. Bitcoin was obviously meant to be used for commerce and not just as a store of value [...]"

Cobra: submitted by Egon_1 to btc [link] [comments]

“The original Bitcoin (now rebranded as Bitcoin Cash) was designed to be BOTH a currency AND a store of value. It functions as both. It‘s a store of value b/c it’s deflationary & has a limited supply. And the market will soon value BCH more than BTC because it is actually usable.”

“The original Bitcoin (now rebranded as Bitcoin Cash) was designed to be BOTH a currency AND a store of value. It functions as both. It‘s a store of value b/c it’s deflationary & has a limited supply. And the market will soon value BCH more than BTC because it is actually usable.” submitted by scotty321 to btc [link] [comments]

Bitcoin’s original plan was to be digital cash. Now it’s seen as a “store of value.” Do you think the community is too easily swayed?

submitted by Stephenlim97 to btc [link] [comments]

SFOX interview Jimmy Nguyen on Bitcoin SV, the value of original intent, the roots of his passion for crypto, and the way forward for the crypto community in 2019

SFOX interview Jimmy Nguyen on Bitcoin SV, the value of original intent, the roots of his passion for crypto, and the way forward for the crypto community in 2019 submitted by FiniteRegress to bitcoinsv [link] [comments]

One of the greatest creations of all time has been reduced to merely a “store of value” with BTC. BCH aims to restore the complete rich untapped functionality of the original Bitcoin. Mission statement.

submitted by BitcoinCashHoarder to btc [link] [comments]

"BTC BCH is everything but Bitcoin. The only cryptocurrency that is still moving forward in accordance with the original design of Bitcoin as outlined by Satoshi, and the only one that understands the true value of digital currency, is Bitcoin SV."

submitted by cryptorebel to bitcoincashSV [link] [comments]

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin?

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin? submitted by HeisenbergBTC to u/HeisenbergBTC [link] [comments]

How to value a bitcoin Value of Bitcoin - YouTube Historical Price of Bitcoin (2010 - 2019) Factors that Determine the Price of Bitcoin? Why Does Bitcoin Have Value ?

7 As long as Bitcoin has uses which are impossible with any other currency and as long as it remains competitive against other currencies and payment systems, it will not entirely collapse in value. Attempted Explanations. Bitcoins are a puzzle to resolve, not an excuse to deny reality. They must have had an original value. Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto The block reward was decreased for the second time in Bitcoin's history, resulting in a new reward of 12.5 bitcoins per mined block. The automatic 50% drop continued Bitcoin's original design to gradually decrease the number of newly created bitcoins until the block reward ends completely, which is estimated to occur in the year 2140. My original $100 bitcoin purchase won't officially be completed on Coinbase until Friday, more than a week after the transaction. The price I bought it at remains the same, but I won't be able to One of the hot questions regarding the bitcoin since the first ones were created in 2009 is its real value. We will try as well to answer to this question using two concepts in economics and finance.

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How to value a bitcoin

We all know Bitcoin is a roller coaster of price changes, but have you ever wondered what determines the value of Bitcoin? Today Maria walk you through how the value of bitcoin constantly changes ... 📫 Bitcoin Price Models : https://charts.woobull.com/bitcoin-price-models/ 🚀 Devenez CryptoInvestisseur : https://tradingducoin.com/mcci 🎓 Devenez CryptoTrade... Bitcoins Value Proposition by Tone Vays 👉 Subscribe so you don't miss the next one: http://bit.ly/2QKVDdV ️ Watching on replay? Watch my latest video here: ... With those methods on the table, each expert provides a forecast for what will happen to the bitcoin price over the next year, as does Raoul. Subscribe now for more videos like this one: https ... Based on this model, Lee expects the value of bitcoin to be $6,000 by the middle of 2018. FundStrat uses a different method to come up with its long-term price target. According to Lee it is ...

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