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    Home Unlabelled BTC The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there.

    BTC The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there.

    November 01, 2019

    BTC The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there.

    The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there.

    Posted: 31 Oct 2019 08:30 PM PDT

    What was your first thought?

    Posted: 31 Oct 2019 09:41 AM PDT

    Halloween + Bitcoin Cash Meetup = ������ | everyone paid with BCH

    Posted: 31 Oct 2019 08:34 PM PDT

    Nice to see people keeping an open mind on Bitcoin Cash

    Posted: 31 Oct 2019 11:35 PM PDT

    Clearing the myth that crypto is not producing anything, hence it leads to the greater fool theory. For some cryptocurrencies such as BTC (non-scalable obsolete technology), they may be right about the greater fool theory. But this may not apply to other cryptocurrencies, here’s why.

    Posted: 31 Oct 2019 08:24 PM PDT

    Clearing the myth that crypto is not producing anything, hence it leads to the greater fool theory. For some cryptocurrencies such as BTC (non-scalable obsolete technology), they may be right about the greater fool theory. But this may not apply to other cryptocurrencies, here's why.

    In economics, something has value if it has 2 main characteristics; scarcity and utility. The value of cryptocurrencies come from its usability and utility. My shit is scarce like BTC, but just being scarce alone is not enough. It has to be of value to people. And don't make the mistake of thinking price and value are the same; they are not. In the short term, price is based on speculation but in the long run, price usually aligns with its value.

    Usability And Network Effects – Recently, I had been to Tokyo, Australia, Slovenia, and during my trips to these 3 countries, I managed to live off Bitcoin Cash entirely. There wasn't even a need to touch the local currencies. And unlike BTC, I do not need to pay over $50 in transaction fees every single transaction nor do I need to wait for weeks for the transaction to confirm. Source: https://www.trustnodes.com/2017/12/22/gregory-maxwell-celebrates-high-fees-300000-stuck-transactions

    Sure, it's not the peak period now so the BTC fees had dropped but why do I want to use something that is only at times usable and other times, totally unusable? And this is why greater fool theory applies to BTC but not necessarily other cryptocurrencies. Only great fools will wait weeks for their transaction to clear while paying over $50 fees each transaction.

    Here are some other areas where Bitcoin Cash had value in my own personal experience.

    Saves Time / Money – Time is money for most people. In fact, I would argue that time is more important than money. Bitcoin Cash has allowed me to pay wages to my employees across the world instantly easily and almost for free. I do not need to waste time queueing up at the bank and filling up forms and get charged expensive bank fees.

    Shadow Banking – I no longer need to keep my money in offshore bank accounts. With Bitcoin Cash, I am my own offshore bank account. I saved lots of time/money on hiring lawyers and offshore administrators to manage my offshore money.

    Businesses Lacking Banking Relationships – Bitcoin Cash, with its instant transactions at sub-cent fees, has massive value for businesses that are totally shut off from having bank accounts. They are typically from the gambling, adults, drugs industries. With Bitcoin Cash, they can do their business worldwide without restricting themselves to customers from a single country.

    Protection From Unstable Economy / Inflation / Hyperinflation – I always find it weird that people are able to accept their fiat losing value 100% of the time, but unable to accept cryptocurrencies that may increase in value over time. Bitcoin Cash, with its limited supply, protects investors from inflation and hyperinflation, which is valuable especially in times of crisis and instability.

    Insurance Policy – Why do people buy insurance since it does not produce anything? Because it gives people a piece of mind. Similarly, cryptocurrencies allow me to feel safe in times of crisis because I have the choice to escape anywhere and continue my life with most of my money intact. This is highly valuable to me, knowing the world has became crazier with all the government suppression going on, and all the protests going on around the world.

    Great User Experience – I have made over few hundred Bitcoin Cash transactions and it was always mind blowing. It is fast, reliable, instant, cost less than a cent and I never worry about lost funds such as what happens to BTC or Lightning Network users. Source: https://np.reddit.com/r/btc/comments/dm0b4y/warning_if_you_try_to_use_the_lightning_network/

    All in all, I am extremely bullish about cryptocurrencies and especially Bitcoin Cash because it has tremendous value and utility. I am here for the long term so I don't care much about the price right now. Cheaper is better for me because I can get more Bitcoin Cash for the same dollar. In fact, I actually felt bad when my supplier's check came in late and I had to get BCH at $270 instead of $210 a couple of weeks before.

    The low price provides an opportunity for people who missed the early Bitcoin train. And if they missed this train too, they shouldn't complain in the future. As the Bitcoin Cash halving approaches, having its supply mined per day cut in half, I am even more aggressive in getting my hands on more Bitcoin Cash. I am here for the long term, promoting Bitcoin Cash to as many people as possible, every single day.

    submitted by /u/MobTwo
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    "The US economy is roughly 20 trillion and the liabilities of the US government is 124 trillion dollars. Where the hell is the US government going to get 124 trillion dollars from? There is no way on Earth that they can pay this money." - This is why peer to peer cash is awesome.

    Posted: 31 Oct 2019 09:39 PM PDT

    11 Years Ago Today Satoshi Nakamoto Published The Bitcoin White Paper

    Posted: 31 Oct 2019 04:50 PM PDT

    Another Number Go Up Meme Dies: 4Chan BTC Price Prediction of $16,000 by October is Dead

    Posted: 31 Oct 2019 03:10 PM PDT

    “When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant” Jeff Garzik, Co-Founder of Bloq Inc,

    Posted: 31 Oct 2019 11:15 PM PDT

    People are starting to realise how useful Bitcoin Cash SLP is

    Posted: 31 Oct 2019 05:34 PM PDT

    Buying btc

    Posted: 31 Oct 2019 11:59 PM PDT

    I'm going to be purchasing btc about 1.5k worth for the first time not on an exchange like Robinhood. I've been watching btc for awhile and yeah I know I should've bought like 2 weeks ago during the slump but now I'm more serious. Should I just buy in lump sum below 10k or should I average in? Do we think that we might see another nice buy in period or am I going to get bombarded with anytime now is a good time to buy? Thank you for your time

    submitted by /u/johnfreny
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    Miners On BTC and BCH Halving

    Posted: 31 Oct 2019 12:34 PM PDT

    Bitcoin Officially Included in French High School Syllabus to Explain Money and Trust

    Posted: 31 Oct 2019 06:35 AM PDT

    Locked out of btc.com wallet

    Posted: 01 Nov 2019 02:03 AM PDT

    I made a wallet on btc.com a while back and the 2fa is not sending me a token. Curious if anyone else has had this problem on that site and if anyone can settle my mind as I have filed tickets for a few days with no responses. Curious if this is normal for them or if I should be concerned.

    submitted by /u/cisheteropatriarchy
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    How Bitcoin's Peer-to-Peer Cash System Was Revealed 11 Years Ago

    Posted: 31 Oct 2019 11:35 AM PDT

    Bitcoin Ransom Demand Refused by Johannesburg

    Posted: 31 Oct 2019 10:55 PM PDT

    Our Bitcoin Tutor Bot Tokens are on top of the Memo Cash Market cap! We're giving away 10,000 to anyone who comments on this post!

    Posted: 31 Oct 2019 05:20 PM PDT

    "Bitfinex's market share continues sliding in 2019. We are witnessing Bitfinex's fall from glory..."

    Posted: 31 Oct 2019 01:11 PM PDT

    �� Happy Cryptoween ��

    Posted: 31 Oct 2019 08:29 AM PDT

    Litecoin scam on YouTube at the moment

    Posted: 31 Oct 2019 02:59 PM PDT

    Italians Love Bitcoin Online Payments, Tony Hawk to Speak at Bitcoin2020, Payroll in Bitcoin Cash

    Posted: 31 Oct 2019 08:40 AM PDT

    After the November upgrade, anyone interested in creating an avalanche-style smart contract drivechain on top of BCH?

    Posted: 31 Oct 2019 08:47 AM PDT

    Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say - Bitcoin News

    Posted: 31 Oct 2019 08:53 PM PDT

    The Global Economic Downturn is Experiencing a Surge in Cryptocurrency Market?

    Posted: 01 Nov 2019 12:50 AM PDT

    The relationship between the world economy and the cryptocurrency market, China's Bitcoin trading volume of P2P recorded an all-time high

    The amount of bitcoin purchases against the Chinese yuan appears to be rising sharply amid mounting global economic uncertainties. The P2P trading site, Paxful in China, actually hit a record high over the past week.

    Although experts said that there may be no correlation between the global economy and Bitcoin, the surge in Chinese transactions clearly indicates that public anxiety is the driving force behind the search for cryptocurrency, and that cryptocurrency has surged significantly in the Asia-Pacific region except India over the past two weeks.

    Many investors are expected to stock up on cryptocurrency and store it if economic slowdown seems to continue. Also, the bank requests a bailout, cryptocurrency market is expected to surge further.

    submitted by /u/gomicsfoundation
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