I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.

Well, they sold today at at the dip near the $4000 double bottom.

The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.

If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.

http://finance.jrj.com.cn/tech/2017/09/08211823086220.shtml

Weekend is near, and China tested their power again with their ICO news. Well now they spread some rumors about a ban on actual Bitcoin (not just ICOs) to crash the market. They put shorts, they launch the news, they make a killing.

Next week we will recover and China will have even more BTC. This is how China is stealing BTC from the hands of weak-handed panicsellers, they have been doing it for years and will continue to do so for as long as panicsellers panicsell with ban news.

Even if the ban was real, it's irrelevant, the protocol works and it will recover, and then China will have nothing else to FUD with, which is why they will not actually ban it.

https://www.youtube.com/watch?v=nrwJSdlgzFo

Joe Rogan has invited Andreas Antonopoulos several times where he has talked about Bitcoin for hours, I think there's 4 podcasts with Andreas each more than 2 hours of lenght.


Well on this occasion, Joe Rogan invited Peter Schiff and of course, the subject of Bitcoin and crypto was brought up. Peter presents the same arguments as always to defend gold and attack crypto calling it out for its lack of intrinsic value.

Andreas A could easily destroy Peter Schiff on a 1 on 1 podcast thats why if you have social media, let Joe Rogan know that we want a Andreas A vs Peter Schiff podcast. Joe Rogan gets millions of views, so this would be great to expose the gold shills that attack Bitcoin with these lame arguments.

I've been triyng to sync the Bitcoin ABC full node client for a week, and im running out of patience. Im at 90% with increases of 0.10% per hour, im just tired of waiting to no end. Can anyone tell me why is it taking so long? By the time I have fully synced the node and I can finally access BCH, the price of BCH will most likely have dropped to the ground...

I was going to use ElectronCash, but I don't like the idea of exporting private keys from one wallet to another.

I would like to send and recieve coins only in the legacy format (1xxxxxxxxxxxxxxxxxxxxxxx type) and not the segwit format. How do I guarantee that none of my coins will be sitting on segwit coinbases? (I think its called coinbase, I mean in a segwit format transaction, you know what I mean right?)

I have nothing against segwit, I think its safe, but im the most paranoid man alive in the bitcoin game, so please let me know how to stay in the time-tested legacy format, because I dont see "create segwit format address" or anything that differentiates between legacy and segwit format so its strange.

No other coin comes anywhere near close to what Byteball offers. All of the other altcoins are too much of a derivative of Bitcoin. Byteball offers a new perspective with the DAG technology. It scales with no blocksize and miner drama and it has a feature to make anonymous transactions. Honestly you must be insane to not be holding any GBYTE by now, specially if you got BTC to get some on the airdrops.

Once the inflation pressure lowers, it's obvious that this coin is going to be worth 0.5 BTC at least. There's no way Bitcoin Trash is more valuable than GBYTE.

[The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russia’s lower power prices.]

https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining

   Today’s bitcoin mining requires special computers based on chips with minimized power consumption. China’s Bitmain Technologies Ltd. is one of the leading producers of such equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries. Rival Bitfury Group, founded by Valery Vavilov, a Russian-speaking native of Latvia, produces equipment for mining virtual currencies and runs large-scale centers in Georgia and Iceland.

    Russia has 20 gigawatts of excess power capacity, with consumer electricity prices as low as 80 kopeks (1.3 cents) per kilowatt hour, which is less than in China, RMC said in the presentation. The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russia’s lower power prices.

Now this is getting interesting. And when Russia joins the mining ecosystem, you know that the US is not simply going to sit back and relax. They will jump in too eventually.
The Chinese mining monopoly has it's days countered. It's time to fire Jihan.

I was able yesterday to pick up some Byteball in the distribution period, but when I tried to add different bitcoin addresses, I couldn't. If I clicked here:

https://byteball.org/

where it says "Chat with the Transition Bot", after signing the first BTC address, if I tried to click there again to re-start the process and enter other addresses, I couldn't do it.

Do I really need to send my entire BTC wallet into a single BTC address? why? doesn't anyone else see how this is a big problem when it comes to privacy?

At the end of the day, it turns out Bitcoin Cash did something wrong: To put into the market the opportunity to show if there is demand for bigger blocks, and doing it with real money.

Well turns out nobody wants to hardfork into this nonsense. Nobody is using it, and now im doubting if we'll ever see a single >1MB block.

For me, BCash situation is over. Next step in the big blocker agenda is segwit2x. They will be back with the hardforking drums of war, and the price will collapse at time highs. Everyone predicting this is right. Mark these words, and remember to blame everyone involved in NYC when your BTC crashes. Oh and remember also this post when Roger spams the network to create fake demand.

http://dcebrief.com/apple-ceo-tim-cook-your-kids-will-not-know-what-money-is/

Of course he means paper money, as physical cash, coins and bills. If you know how to interpret things, you can already see where we are headed, and that's a world were there is no way to hide your money from a massive surveillance state. Bitcoin is our only hope at having an alternative economy that it's outside any goverment. The network is already robust enough to survive terrible attacks, nothing has worked against it thus far, not even trying to disrupt it from within, but we need to keep making it better, better obfuscation features as well.
I don't expect anything good from mega corporations like Apple and so on, so Bitcoin is our chance for an open source way out of that Orwellian nightmare.

I have never needed this before but I would like to know how can I get the QR code of an address in Core. Namely, I want to send some BTC to a friend and my friend has a Mycellium wallet. How do I make it so that he can scan my address instead of typing it manually? I just can't find a way to show address in QR format to send, only to receive.

Honestly I would love for the price to not go above 3xx. Im still not happy with my stack, so every month with this low and stable price has been a blessing and so has been for any long term holder. Being able to buy 1 BTC without going bankrupt is such a massive gift for the average guy with an average salary. Been stacking as much as I could, not wasting a single $ on anything that wasn't a priority (and the sig campaign was also a small but nice help in building my stack). I would love more time to get my BTC stack to double figures before it becomes impossible to buy 1 BTC in a reasonable amount of time without being rich.

I think this deserved it's own thread there.
When I started to look at Bitcoin back in the day, it was still some sort of nerd thing that had absolutely no recognition in the real world. Now, a person was able to take a pic with 3 magazines (not some random magazines as you can see) in a shop talking about Bitcoin on their covers. How insane is that? I think we aren't really grasping what's going on in here. I wonder what things will look like in 10 years.

In this speculation game we have to try to guess when the 1.0 version of the Bitcoin Core will be released, plus a year.

Im going to be pragmatic and try to guess that it has taken about 5 or 6 years to reach 0.11, so I will say

Year 2055 - Price: $552.011/BTC. There will be news about it being the highest valued single asset of all times surpassing Mr Warren Buffet's big venture.

The blockchain and its sidechains are all over the place.

Cash and paper are something of the past that only hipsters remember about.

I still love Core because it feels like "real Bitcoin" and im too scared to use anything else anyway (to store my main amount of BTC) in software.
But I have a problem. The addresses are all over the place now because I always create a new one to receive and send. And it's very hard to order them. It's limited to alphanumeric ordering and that's about it.

I would like to be able to add "makers" so you can order it like: "Coding jobs" and you put all of your addresses related to that under that group. "Withdrawals from X exchange". And you put it all there. "X sig campaign payments"..

And also addresses of creation in another column. You know just to make it more intuitive. Right now is very messy. I know this is not a priority but if you want to see people running nodes I think everything counts. The more accessible and cool features the best, it cant hurt.

As far as I know, Bitcoin is supposed to be about ease of use, p2p money, fast, uncompromised, decentralized. What's the point of "payment processors" or whatever those services are called, when to use Bitcoin, all you need is to download a wallet, create any addresses you like, and start receiving payment for your work/pay others for their work? (or donating, or whatever you want to do with your money) without needing to give any personal details, and without the permission of anyone.

What the hell is really "Bitpay" and why is that a market?

Anyone likes the fact this forum can be fully usable without even needing javascript on? It's just basic as hell and it just works. I also like the idea that emails aren't really relevant so if you lose your email nothing wrong will happen.
Sure it could improve certain things but I wouldn't change stuff to lose simplicity. For example im trying out bitcoin.com forum and it's annoying trying to browse unless you use all scripts on and a good computer, my poor man computer gets bloated in a thread with a lot of replies.
So please keep simplicity on mind when the forum updates.

I remember reading about a BIP that would basically propose that the blockchain would grow or shrink given parameters such as current hashrate, demand (usage as in transactions per second or whatever it's calculated). My question is, this sounds great and all, but im sure it has some serious problems to not be the leading BIP.

So what are those pros and cons compared to other alternatives such as just raising the blocksize at a fixed rate, or keeping it relatively small + blockstream and so on?

I've noticed the icons went only black basically, they look slim and simple, but I miss the kinda goofy design with the cute colourful icons lol. I also liked the green "V" check marks as confirmed... i just wonder who and how did this design took part to replace the old design.
Will we have different skins for the program in the future?




PS: In linux it seems they are blue but in windows they look black for some reason. With that blue color it looks pretty cool.

https://blockchain.info/address/1mtgoxNrDZgrs6zP1MdEToSNTAeeeU2VH

Anyone saw this too? seems like a serious spam attack, it doesn't stop showing up new transactions.