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    Bitcoin Yeah! Bitcoin!

    November 19, 2017

    Bitcoin Yeah! Bitcoin!

    Yeah! Bitcoin!

    Posted: 18 Nov 2017 06:09 PM PST

    Bitcoin Saved my Mom's life

    Posted: 18 Nov 2017 11:13 PM PST

    Hello Bitcoin Folks,

    Yesterday, my mom did a surgery (kidney transplantation) successfully, all the costs came from my 9 Bitcoins.. I am really happy for the success of the surgery also for my Bitcoins that was really did a great Job

    I bought those BTCs from $600 and sold in $7500

    I am ready to re invest in BTC as soon as I got

    I am living in Kurdistan, which is under a bad economic situation

    ask me anything

    Sorry for my bad English

    submitted by /u/shalyar
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    when you held and didn't sell the $5500 dip last week

    Posted: 18 Nov 2017 11:16 AM PST

    The silence is deafening. NYA CEOs must issue public statements

    Posted: 18 Nov 2017 10:05 AM PST

    A number of very high profile bitcoin companies publicly supported the Segwit2X hard fork.

    As we have just learned, had the HF occurred, the entire Segwit2X network would have frozen; probably causing a significant price crash.

    This is the network that CEOs were telling everyone to run. This is the network that NYA companies had fired up AWS nodes for. This is the network that was running non-consensus software that had fallen well behind the current core version, running code that was not in compliance of the most basic standards of safe secure software engineering practices. This is the network these CEO's falsely claimed was a 'safe upgrade' for bitcoin.

    The existing chain would have still continued to function in this case, but it would have still been very bad reputationally.

    Those of us who fought against the S2X hard fork were called trolls, brainwashed, paid shills, and worse. We suffered through endless online attacks while we tried to make the clear, cogent, rational, argument that any agreement which didn't include the core developers was meaningless.

    It is not enough that these companies dropped out of the agreement when they realized it was going to fail in the marketplace anyway; they were prepared to drive the network off a cliff up until the last moment.

    They never should have gone along with it in the first place without technical leadership and competence behind it; without the support of the core devs and without professional software engineering practices.

    The mistakes they made are profound and, if they don't learn anything from it, they are destined to repeat them.

    Some have spun conspiracy theories, but I'm willing to chalk it up to technical incompetence and naivete. Most of these CEOs are business people not software engineers and lack the background or experience to know the degree of process that is required to mitigate risk.

    I believe the CEO of every NYA company that was willing and ready to move forward with Jeff Garziks' buggy code which would have caused major market disruption as he tried to spit out a hard fork fix, needs to seriously reflect on their decision. It was bad enough that S2X didn't have replay protection; which all NYA participants should have adamantly insisted upon.

    • Issue an apology. A real apology. One acknowledging their mistake in cutting out the core devs, failing to actually test the software, and putting the entire network at fatal risk.
    • Promise to never do it again. Recognize that no consensus can be reached without the support of the technical community as well as those who actively support the network in terms of running full nodes and being deeply informed about the technical merits of changes.
    • Commit that they will never support any change to the bitcoin network which has not undergone extensive peer review and testing. To never rush a change, unless 100% absolutely necessary in the form of an emergency fix and, even then, to be remarkably careful.
    • Commit to supporting segwit immediately.
    • Commit to supporting layer-2 scaling efforts, which are the official roadmap for bitcoin core. If they don't 'believe in layer-2 scaling', then they need to abandon bitcoin and move to BCH, IOTA, ETH, or some other network with a different roadmap. Had these companies devoted resources to advancing the roadmap, instead of diverting everyone onto counterproductive hard-forks, we would be much further ahead than we are now.
    • Hire core devs! Some of these companies have enormous financial resources. Every single one of them should be hiring the best and brightest software engineers in the world and providing resources to support the network; not just the base layer, but every single part of the ecosystem.

    It is not enough that we just 'let this pass' without there being some real change.

    This isn't a joke here. Bitcoin has a market cap over 120 billion dollars right now. Most of us hope/expect to see it hit a trillion dollars some day.

    You don't treat a financial network of this size like you were updating some java-script on a webpage.

    This is serious business and requires the absolute highest degree of software engineering processes.

    No more amateur hour.

    If these companies don't have a culture that supports professional software engineering practices, then they need to hire people who do; and empower them to do their job.

    Every single day, every person involved in this space, needs to understand that the fortune of millions is tied up in this network. It's not your toy to be handed off to one incompetent dev who doesn't understand the most basic concepts of software process.

    EDIT

    'Must' is too strong a word. Take these as very strong recommendations. These companies burned an enormous amount of reputation in this near disaster. I implore them to learn from it.

    submitted by /u/jratcliff63367
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    Saying that BCH is faster, less costly and easier to deal with than BTC is like saying that Masturbating is faster, less expensive and easier than actual sex, you might be right but you're missing the whole point.

    Posted: 19 Nov 2017 02:39 AM PST

    Up 800% this year and everyone on reddit is like... Please sir, may I have some more?

    Posted: 18 Nov 2017 08:39 PM PST

    People are still paying fees 500+ sat/byte even when 10 sat/byte fees are being confirmed. They are paying 50x more fees than required and sometimes even 100x more fees.

    Posted: 18 Nov 2017 09:30 PM PST

    What fees? Just sent 1.04 BTC using the low fee option on Trezor with a $1.00 fee. 14 confirms in 2 hours.

    Posted: 18 Nov 2017 10:59 PM PST

    Don't tell anyone about your bitcoin profits

    Posted: 19 Nov 2017 12:17 AM PST

    Long story made short, I told some co-workers that I made about 400 euros by investing in bitcoin. Now this is a tiny amount of money, but it has not stopped some of my colleagues from asking me to share my gains with them. One of them is getting married and he suggested that I should give him a generous cash gift. Another one said that I made a promise to give him some profits a few months ago when bitcoin was at 3000 euros. I don't ever recall making such promises and even if I did, I'm not legally bound to give him anything.

    I basically told all them to get lost (cuss words left out from this post) as I was the one taking a risk with my money and not them. Had things gone south nobody would have offered a helping hand and yet when profits are made everyone expects a share just because they simply know your name. There were a couple of people who only asked for help on how they can invest in bitcoin and I gladly pointed them to a number of exchanges.

    Now Imagine if instead of a measly 400 euros, I made thousands or hundreds of thousands, the situation would have been far, far worse.

    TL;DR: No matter how much money you make in Bitcoin don't tell anyone about it. Just explain the benefits of block-chain technology and stop there.

    submitted by /u/SilverGryphon
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    It’s not much, but it’s hopefully the start of something wonderful.

    Posted: 18 Nov 2017 01:00 PM PST

    10 sat/B transactions being cleared!

    Posted: 18 Nov 2017 05:47 PM PST

    Ron Paul is advertising Bitcoin

    Posted: 18 Nov 2017 04:34 PM PST

    My girlfriend got me a birthday cake <3 should I hodl her or what?! :))

    Posted: 18 Nov 2017 08:10 PM PST

    If you haven't seen my "To the Moon!" artwork, I figured it was worth sharing it again - especially since we're about to hit another ATH!

    Posted: 18 Nov 2017 06:38 PM PST

    Bought my first 1 bitcoin today!

    Posted: 18 Nov 2017 11:47 PM PST

    I've been wanting to buy 1 bitcoin for around 6 months.... but have always been worried about being scammed, after a few trial runs of £10 and £25, I did a £6k bank transfer, took bloody 7 hours to go through at which time I thought I was being scammed, but it came through! In my wallet, secured! I'm happy!

    I know similar posts have been said a lot, but its the biggest purchase I've ever made so I wanted to share it.

    Now to play the good old staring at the price of bitcoin game every 5 minutes!

    submitted by /u/betrog1
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    An expression of gratitude to the bitcoin core developers

    Posted: 18 Nov 2017 05:21 AM PST

    I have been hodling bitcoin for almost 5 years. I rarely contribute. I've seen all the drama unfold. Bitcoin has been, and continues to be, by far, the greatest story that's ever been told.

    I want to send my genuine heartfelt thank you to the developers (past and present) who have contributed to the bitcoin core project. All I kindly request of them is to ensure bitcoin merely exists for the rest of our lives (and beyond). Just pure survival. Keep it breathing. Keep its heart beating.

    Thanks to bitcoin, I no longer need to work. I am financially free with minimal risk of that status changing if bitcoin continues to just survive. That's not to say that my financial freedom can't exist with fiat. It can, but there are greater risks attached (my money being inflated away, my income stream suddenly stopping or reducing, the government/bank freezes my bank account because I did/said something they don't like).

    Because of bitcoin, I have freedom of speech, financial independence and time. An abundance of time, my most precious asset. I am free to spend time with family and friends. I am free to enjoy the beach. I am free to go traveling. I am free to wake up on my own clock. I am free to express myself how I see fit with minimal risk of financial repercussion. I don't often do these things, but having the option to do so on my own time is a true gift, especially at a fairly young age. This is what I truly value.

    Bitcoin has taught me so much about the world. The difference between Keynesian and Austrian economics, politics, what is valuable, how bad an unlimited supply of money is for society, the true meaning of inflation, how ugly the scam of central banking and banking is, libertarianism, crony capitalism, the principles of decentralisation, open-source, permissionless access and innovation, privacy, anonymity, trust, anti-fragile, properties and pitfalls of gold, questioning the need for government, valuing time and patience with a long term view. The list is endless. The rabbit hole runs very deep.

    Reading about these concepts 5 years ago, slowly unplugging myself, and over time, it actually making sense when nobody else seemed to believe or care, made me think I was the one with a tinfoil hat on my head. I am now absolutely convinced on bitcoin's ideology and slowly, others are starting to wake up as well. I find it incredibly unfortunate that a lot of people haven't taken the opportunity to read and understand the ideology, but rather just jump on the speculative bandwagon. People are looking to get rich quick, rather than get free quick. This will end in tears. Whether tears of joy, or tears of sorrow, I don't know. Either way, it's incredible that bitcoin will channel one of mankind's ugliest traits (greed) to ultimately create a better world for all. Extraordinary.

    Bitcoin has given me so much, and I feel bad that the extent of my contribution back to the bitcoin network is the mere running of a node. I could probably contribute more, but honestly, I would just like to enjoy my life, not hurt anyone, be a good citizen of the world, a good husband, a good son, maybe even a good father some day. I want to keep life simple. I am content and at peace and I believe this is my greatest contribution to society. Peace and contentment.

    I have to admit, my balls aren't as large as the bitcoin core developers. I mean, these guys fuck. There's a lot of weight on your shoulders. It cannot be easy. And from what I gather, it won't get easier. It seems like there's still an enormous uphill battle.

    Ultimately, I'd like to see the evils of fiat money destroyed. It is a cancer to society, destroying our planet at large. I expecting no compromises to core principles. Absolutely no negotiating with terrorists. Stab fiat right in its jugular. Land the final blow so hard that fiat won't ever think of getting back up again. End this failed central banking experiment.

    My plea is that you continue act in the best interests of bitcoin no matter how large your bitcoin balance gets when converted to fiat or how difficult it gets. We can't go back to fiat. It's not an option. Once you've understood the principles of bitcoin, you just can't go back to the previous system. The freedom is too sweet. But the responsibility is much greater. I understand that bitcoin is still an experiment, but I will be absolutely distraught if we end up back in the master-slave relationship. I do not have it in me to appeal to authority again. Please don't let this happen.

    Once again, thank you from the bottom of my heart. You have saved me from all sorts of problems in my life. For that, I am truly, truly grateful.

    submitted by /u/RoughHint
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    Bitcoin Demand Surges in Zimbabwe Following Successful Coup

    Posted: 19 Nov 2017 12:42 AM PST

    I just bought my first cryptocurrency. Say hello to the proud owner of 0.0722 BTC

    Posted: 18 Nov 2017 04:24 PM PST

    It feels good.

    submitted by /u/llewllew
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    PSA: Coinbase, BitPay, Blockchain.com and Shapeshift are intentionally overcharging on fees and boycotting Segwit to make your transactions more expensive.

    Posted: 18 Nov 2017 08:22 AM PST

    The minimum transaction fee to get into the next block is ~30 sat/B and they are setting the fees to ~20 times that amount. See https://jochen-hoenicke.de/queue/#24h for proof.

    Segwit has been production ready for 3 months and they haven't implemented it yet and refuse to give any ETA.

    They are doing this to drive you to altcoins which are not as decentralized as Bitcoin and easier to manipulate. This is all part of their venture capital investor agenda to take over the Bitcoin open source project.

    If you have an account there, please write to their support and ask why are they setting the transaction fees so high, and why are they not interested in implementing Segwit.

    There are plenty of other services which do a much better job at reducing your transaction costs. Please use them instead.

    submitted by /u/SirBellender
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    All this Fiat hate lately. Look at em go

    Posted: 18 Nov 2017 04:01 PM PST

    Gang Kidnapped And Robbed Bitcoin Holder Of $3.3 MILLION.

    Posted: 18 Nov 2017 10:43 AM PST

    Some people buy a Tesla. I bought a pair of Sennheiser Momentum 2.0 Wireless with some small precious BTC fractions. Holding forever does not give any joy :)

    Posted: 19 Nov 2017 03:08 AM PST

    House For Sale: 40BTC

    Posted: 18 Nov 2017 06:49 AM PST

    Look at this guy... He basically lost his shirt in a weekend because he got scared by all those BCH trolls... (lost £20k)

    Posted: 18 Nov 2017 05:59 PM PST
    Read more
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