It's really wrong to view Bitcoin as just an instance of blockchain, because this blockchain hype was born of Bitcoin, if Satoshi didn't create the original cryptocurrency, there would be no blockchain technology today. And the main reason why people talk about blockchain is because it's sort of a get rich quick field - there's a ton of startups who try to sell their blockchain solutions for huge amounts, and big companies like to tell how they do blockchain to see their stock value go up. This hype is there because Bitcoin had tremendous growth in price, and blockchain simply tries to replicate it. But the difference is that Bitcoin is working and blockchain technology is always either theoretical or in some trial/early phase.

If people massively switched to Bitcoin to avoid cash regulations, the government would quickly implement similar regulations with crypto. Exchanges and merchants would have to do KYC (many of them already do), and they would share financial data with the government. Some people would try to do p2p transactions, but this would be as illegal as these large cash transactions, and people wouldn't want to risk it.

I think I remember reading about a chain analysis technique which looks at amounts of send coins and if it's a "nice" number, i.e. it has a lot of zeros as opposed to looking almost random, then it's probably the output and the other address is a change address. For example, when someone sends coins to their exchange, they are more likely to send 0.01 BTC rather than 0.00972803.

These ideas are voiced on this forum quite regularly, and I suggest you do to some search if this topic is really interesting to you, as there's a huge amount of good discussion about it.

I personally believe that BTC units have very little impact on its adoption, people can get used to any numbers - in some countries they deal with hundreds and thousands, in other they usually deal with tens or single digit numbers. It's such a small detail compared to other problems, I wouldn't worry about it.

As for more units for different digits - just no. This would only create more confusion, especially if those units are arbitrary like 0.0001 BTC. The world, aside from America, uses metric system, so mBTC is very intuitive for most people, and together with satoshis that's all we need.

I think it's just a coincidence - that shitcoin got pumped completely artificially, very likely at this specific day to create an illusion that some community supports CWS and believes hims to be Satoshi or something. The coincidence here that Bitcoin went up on the same day, although a lot of other coins skyrocketed too, so it's more of a large crypto pump across the board.

I think it's not that surprising, I always believed that hodling is the number one use case for Bitcoin, it's still hard to find a place where you can spend it, and even when you found one, the question is why would you spend it instead of fiat? If privacy is not a concern, it's better to get rid of fiat first, since it's losing its value while Bitcoin is gaining.

Also, the future might look even more "stale" thanks to Lightning network, as coins will not be moved on chain for months or years while actually being actively transacted on the second layer.


The amount of lost coins is estimated at 1-2 millions, so it's a small part of 10 mllions that weren't moved.

Your assumption that Bitcoin's growth is driven by minimum-wage workers is simply wrong, the main players are middle class and wealthy individuals and organizations like investment funds. Also how do you expect a government to raise minimum wage by x10? This can only be achieved with Zimbabwe-levels of inflation, and it will just ruin economy. Plus you are forgetting that Bitcoin is a globally traded asset, so it's not enough for one country to implement something, all of them should do it to affect Bitcoin.

What.

That price level is long go, there's no way we will return to it, the next bottom will be around 7-9k, and it's very unlikely it will happen by the end of this year - we first have to go through the bull market and then at the end of a bull market will we have another bottom. If next bottom would be the same as the previous bottom, it would be bad news for Bitcoin.

This is actually the best part, because it means that Satoshi has hid himself really well, and I truly hope that he will never be uncovered, unless he himself decides to reveal himself. Privacy is one of the main values of the cypherpunk movement, so true bitcoiners should respect Satoshi's privacy instead of trying to deanonymize him like some people do.

Does the court actually demands CWS to present a proof that he is Satoshi, or they are merely asking him to proof that he has the mentioned amount of Bitcoins? I didn't follow his case too closely, but as I remember, the judge wasn't interested whether CWS is Satoshi or not, it was always about the coins.

Also, CWS will continue his scam regardless of the ruling, he's a pathological liar and fraud.

A lot of people responded here about rakeback offered by gambling sites, but this isn't what I'm talking about - read my post carefully. I'm talking about achieving something like this by having a third-party service that will use existing affiliate programs to do so.


If the house edge is 1% and affiliate income is 0.2% of the wagered amount, and the service shares 80% of it with gambler, they can reduce the edge to 0.84% - and it will come in form of actual money that can be withdrawn to your wallet, isn't it great?

Since almost every gambling site offers affiliate programs, and it's not allowed to refer yourself, are there any services that offer cashback by returning you part of their earning from referring you?
If you know about such site, have you tried using them? What are the terms?

I'm thinking about developing such service, so any suggestions are welcome.

If 16.5% of small enterpenuers adopted crypto today and their customers actually used it, that would be a great success for crypto as a whole, because it's so far away from what we have now - how many merchants accept crypto right now - 0.1% ? You may think that this survey point out that not enough business owners support crypto, but it actually shows that not enough customers are interested in paying with crypto, so there's not much demand for its adoption.

In crypto, casino investment is the only legit way to achieve compound interest that I'm aware of, however these opportunities become more and more rare, because the market is quite saturated already and casino owners have earned enough profits to run their own bankrolls or rely only on existing investors. So, if it means that there's only smaller/newer gambling sites doing it, then I'd be very cautious about investing in them, because of the risks of exit scams.

Most of the interest regarding this keyword comes from Nigeria, and apparently there's some surge of bitcoin related googling happening right now in that country. Still, in absolute numbers all this activity is rather small, if you take just "bitcoin" popularity, it's far below the 2017 levels, so there's no reason to FOMO right now because of some google trend spikes.

"Vaporware"

It has been hyped for 5 or more years already, and it's still not used in serious applications aside from some small-scale trial runs. And when it's used, it's quite centralized with some companies managing their blockchain and the network itself being private and small. There are some interesting projects that are truly decentralized because they are built on top of networks like Ethereum, but still they don't get much traction, so there's nothing that could have justified talking about blockchain as some game-changing technology of the future.

I really doubt LN transactions will fully replace onchain transactions, since onchain transactions will always be viewed as more secure and simple. If Bitcoin in general will be popular enough, mining will be sustained with onchain fees, but in case it won't, we'll have no choice but to introduce inflation.

Cool project! This is something I would totally use if I worked on a project that interacts with Bitcoin's blockchain.

How do you install it? Is it on npm or am I supposed to just copy the file? Also, since this seems to be a wrapper for an API, what are the rate limits of the API?

There's no such thing as "Bitcoin's blockchain technology". Satoshi single-handedly created Bitcoin, and the protocol didn't change much from his original work, how can anyone be so ignorant of it?


This is nonsense, while no one can tell for sure exactly which coins belong to Satoshi, it is assumed that almost all of his coins weren't touched.


If Satoshi returned today, he'd be very influential, especially if he decided to work on Bitcoin again.

They were always manipulated pump and dump shitcoins, it's not even worth looking at them, if you try to trade them you'll likely lose your money, since you won't have insider info on these market manipulations. Everything about them is fake - fake nodes, fake communities, fake ideas, fake leaders - sooner or later they will crash to the ground, and bagholders will be left crying.