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1  Bitcoin / Bitcoin Discussion / Most Efficient Way To Run A Full Node? on: December 02, 2020, 10:11:52 PM
I am wondering what is the best way to run a full node with limited computing resources. In order to do this we must download and synchronize a full copy of the blockchain (300+ GB). This is not for being competitive as a miner but only hosting a full network node that can remain up-to-date with the blockchain in real-time.

I have tried downloading the entire blockchain to an external hard drive. However, it is basically at a standstill with 25% or more of the blockchain still needing to be synchronized. Is this delay because I am hosting it on an external hard drive? (Western Digital External Hard Drive)

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.
2  Bitcoin / Bitcoin Discussion / Tutorial: How To Fork Bitcoin on: December 02, 2020, 04:09:45 AM

The How To Fork Bitcoin Tutorial is a video screencast and written instruction on how to initiate a hard fork of the bitcoin network and begin mining a new chain of transactions. In this tutorial, in order to run a full node, we will be required to download a full copy of the exiting bitcoin blockchain. Therefore, it is necessary to allocate hard drive space for this course.

This course is beginning in December, 2020 with new lessons made available periodically throughout the month.
3  Economy / Service Discussion / Best Bitcoin Payment Gateway For WordPress? on: December 01, 2020, 03:34:09 PM
I am looking for a bitcoin payment gateway that works with WordPress as a plugin? Does anyone here have any recommendations?

Ideally, it would work without a third party but use an API to get the current exchange rate and automatically send the payment to a bitcoin wallet such as Electrum.

Thank you.
4  Bitcoin / Project Development / [Product Concept] Introducing The Bitcoin Chip From Diginomics Corporation on: November 12, 2020, 08:56:15 PM
The Bitcoin Chip™

Mobile Bitcoin Wallet On A SIM Card

The Bitcoin Chip is a full blockchain node running on a mobile SIM card which allows the user to store, receive, and authorize bitcoin payments.

The private key of the user is stored on this mobile storage device while allowing secure network connectivity through IPv6 communication protocol enabled by a hard fork of the original bitcoin ledger. This new, forked chain allows the user to not only communicate through a secure IPv6 protocol (not connected to the www “World Wide Web”) but acts through a virtual private network.

Several of the product benefits include:

  • Secure identity authorization.
  • Broadcast transactions and receive payment from a mobile device.
  • Store information on the public blockchain which can only be decrypted by your private key.

The Bitcoin Chip comes in the form of a hardware wallet SIM Card which can easily be fitted to any modern smartphone. SMS-based text messaging and VoIP can be accessed on-chain by applications built ontop of the protocol layer.

Pre-order your bitcoin chip today:
5  Bitcoin / Bitcoin Discussion / Please Review My Bitcoin Book on: November 01, 2020, 08:23:52 PM
I am making a book I wrote on bitcoin in 2013 available to the community free of charge with the coupon 'bitcointalk': The Bitcoin Revolution: An Internet Of Money.

I have made a limited number of these coupons and once there are none left I will not increase the amount available. I am doing this so the community can have another resources to add to their collection and for the increase in knowledge. Feedback is appreciated.

Those who register an account on the website and use the coupon will have lifetime access to the book (and any future version) available to them in their account dashboard.

Length: 130 Pages

Author: Mr. Travis Patron
Foreword: Mr. Wallace Wood

The innovation of bitcoin is perhaps the most intriguing development of the early 21st century. In a span of several years, the digital currency has jumped from being traded at 4 tenths of a penny, to highs of over $20000. In that time, we’ve seen individuals, government organisations, and large corporations warm up to the idea that bitcoin may be a form of cyber money pundits have been predicting for years.

Outside the control of any centralized institution and owned by no one party in particular, bitcoin sets the stage for something bold and new. Operating by freely accessible technology, experts describe it as a breakthrough in computing science formulated upon decades of research.

The market of monetary innovation is entering the private domain. What lies ahead for political regimes who attempt with futility to regulate this ghost outside the machine?

Join us as we explore … The Bitcoin Revolution: An Internet Of Money

I will post the Table Of Contents (TOC) here so that people can decide for themselves if it is worth a read. I also reiterate: in order to leave a review, the user must have made an entry into the website database that they have actually "purchased" the book - even if a coupon for access free of cost is used.

Please note that the book was originally published in 2013. I am in the process of updating it to reflect the current bitcoin market conditions, and therefore seek feedback in order to improve the product quality. Detailed feedback in the form of a review left on the landing page would be very helpful as of right now.

The title of the book is "The Bitcoin Revolution: An Internet Of Money".

Table of Contents

  • Foreword   6
  • Introduction: Monetary Evolution, Ready or Not   7
  • Rise Above Primal   7
  • The Bitcoin Payment System   8
  • Differentiating Factor   9
  • Chapter 1:   Bitcoin Basics   11
  • What is Money?   11
  • The Fiat Emperor Has No Clothes   12
  • What is Bitcoin?   14
  • Mining Bitcoin   15
  • Coinbase Transaction   17
  • Transacting With Bitcoin   17
  • Storing Bitcoin   19
  • Wallets   19
  • Public Key Cryptography   20
  • Operating Systems   20
  • Passwords   21
  • Backing Up Your Wallet   21
  • Additional Security Measures   22
  • Advantages and Disadvantages of Bitcoin   23
  • Advantages   23
  • Disadvantages   25
  • Potential Vulnerabilities   25
  • Who Is Satoshi Nakamoto?   28
  • Easter Eggs   29
  • Technical Analysis   29
  • Linguistic Analysis   29
  • Blockchain Analysis   30
  • NewsWeek Claims   30
  • Chapter 2:   Blockchain Networks   31
  • Bitcoin Solves the Byzantine Generals Problem   31
  • Autonomous Organizations   32
  • Internet of Things   32
  • Chapter 3:   Adoption   34
  • The Future of Bitcoin   34
  • Bitcoin Based Society   35
  • Crossing the Chasm   36
  • Network Effects   39
  • Retail Incentives   41
  • Is Bitcoin a Cult?   42
  • Chapter 4:   Cybereconomics   45
  • Classifying Cryptocurrency As A Financial Asset   45
  • Cryptocurrency is a New Asset Class   46
  • Money Is Now An Image   46
  • 20th century business models need not apply   46
  • Advantage Africa: Why Developing Nations Stand to Gain Most   48
  • Disinflationary Characteristics   51
  • Money Velocity   53
  • Did John Nash Help Invent Bitcoin   54
  • Bitcoin Is Backed By Time Itself   55
  • Bitcoin vs. Gold   56
  • Antifragile Properties of Bitcoin   58
  • Bitcoin As A Hedge Against Economic Uncertainty   59
  • Denationalization of Money   60
  • Bitcoin as a Store of Wealth   60
  • Price Stability   61
  • Price Trending   63
  • Greater Fools   64
  • The 21st Million   64
  • Technological Unemployment   66
  • Evolution of the Corporation   67
  • Machines Are the New Employees   67
  • Smart Contracts Have No Need for You   68
  • Rise of Computing Dominance   68
  • Chapter 5:   Political Implications   70
  • Bitcoin Inherent Regulation   70
  • A Fight for Liberty   70
  • Untaxed Bitcoin is a Human Right   72
  • Economic Munitions   72
  • Taxation   73
  • Parallels Between Bitcoin and the Printing Press   74
  • The Rise of Supranational Governance   75
  • Rise of Knowledge   76
  • Breaking of Orwell’s Dictum   76
  • Bitcoin May Become A Global Reserve Instrument   78
  • Bitcoin Will End the Nation State   79
  • Bitcoin as an Economy Independent of the Nation State   79
  • Bitcoin is a [Nationally] Untaxable Money Supply   79
  • Bitcoin Transitions the Nature of Violence   80
  • The Incoming Surveillance of Bitcoin   81
  • Bitcoin Neutrality   81
  • Censorship 2.0   82
  • Scalability of the Bitcoin Network   82
  • Conclusion   83
  • About the Author   85
  • Bibliography   86
  • Figures   89

Sizable bitcoin donations may be made to the following address: 1Q1zjbEQLYzrdJsBpfQDKk93aQpxt2J4XR
6  Bitcoin / Bitcoin Discussion / Why Does Bitcoin Have Value? on: March 17, 2020, 03:41:04 AM
It is a simple yet not easy question to answer: why does bitcoin have value?

Bitcoin has value because it has both scarcity and utility. It is a limited and useful resource. It is important to note that something must be BOTH in order to command a market value, NOT either.

Bitcoin is limited to the software-imposed hard limit of 21,000,000 bitcoin units ever in circulation. It is useful because it allows payment information to be secured by a decentralized computing network backed by magnitudes of raw hashing power. That raw hashing power is energy (electricity) converted into digital utility. Each transaction must compete (fee market) to be included in the next block of transactions which has a limited [block space] due to the block size limit (2MB) imposed on each ~10 minute block.

We can expect both the value to increase and the number of users to increase exponentially so long as the current technology maintains itself and remains both useful and in a limited abundance.

Bitcoin will always retain market value so long as miner nodes are actively contributing their hashing power to secure the network (proof of work).



Research Articles:
Why The Internet Of Things Will Be Built On Bitcoin
Blockchain Is The New Corporation
Money Is Now An Image
How The Ethereum Virtual Machine Could Run The World
Africa May Leapfrog Traditional Banking
Did John Nash Help Invent Bitcoin?
Bitcoin May Solve Triffin Dilemma
Bitcoin Introduces Digital Scarcity

Bitcoin 101:
Advantages & Disadvantages Of Bitcoin
How To Store Bitcoin Securely
Who Is Satoshi Nakamoto?
Don’t Let Anyone Tell You The Identity Of Satoshi Nakamoto Doesn’t Matter
Bitcoin Is Backed By Time Itself

Cashless Society:
Is Total Cashlessness Inevitable?
The Growing E-Dollar Culture
E-Banking Squeezing Out Personal Banking

Social Media:
7  Bitcoin / Project Development / Timestamping documents with the blockchain on: February 28, 2020, 07:18:05 AM
I am looking for a service or tutorial that instructs on how to use the timestamping feature of the blockchain to record the existence and immutability of important documents.

We want to timestamp a document into the blockchain for a "proof of existence". It is also useful that the block will demonstrate the time it was created.

Does anyone on this board have a recommendation about which service to use or how to do this? It is preferable not to use a 3rd party.

I have downloaded the blockchain but am not particularly inclined to start running a full-node.

Thank you for any and all help.
8  Bitcoin / Bitcoin Discussion / The Bitcoin Chip on: November 18, 2019, 08:12:01 PM
Diginomics Corporation has just released a new book entitled 'The Bitcoin Chip'!

The use of artificial intelligence on the blockchain to harvest huge amounts of data and create predictive algorithms with, will be one of the defining characteristics of the new technocratic era of the 21st century.

Bitcoin has established it’s own set of rules through the source code which it is built upon. Forcing legal frameworks on this type of 21st century innovation will only cause unnecessary friction during its adoption phase. Cryptocurrencies have an inherent regulation, the peer-to-peer architecture they are built upon. Truly, bitcoin is code as law. This new era of digital law will be entered into only by choice. That choice will come in the form of a mark.

The mark itself will be a computational image made in the flesh which references the bitcoin network. By using this network of information, artificial intelligence will appear omnipotent and omnipresent. With the awesome power of artificial intelligence, technology will know those who worship it better than anyone else, including themselves and their closest friends and family, and will personalize their approach toward every person who has the mark. Technology will know even the most intimate details about those who receive the mark ...

Buy the book:
9  Bitcoin / Bitcoin Discussion / Living Off-Grid With Bitcoin? on: October 30, 2019, 09:44:05 PM
Is it possible/an advantage to live off-grid with bitcoin?

What I mean by this is living on a rural property, perhaps running a full-node, completely independent from the existing fiat financial system. We want to remove our dependency of the banks and corrupt political establishment entirely.

Obviously, you would need electricity and a computer to run a node and connect to the network. Perhaps bitcoin is not well suited for rural lifestyle or off-grid?
10  Bitcoin / Bitcoin Discussion / Bitcoin Leading To Total Surveillance Of Payments? on: October 30, 2019, 09:39:39 PM
It is very possible that bitcoin will lead to an increase in surveillance of payments and transactions. Where cash is being systematically phased out by governments, what will take its place, naturally, is an electronic form of cash which is more readily traceable. The powers that be desire the ability to aggregate large amounts of data and form predictions of behavior based on spending patterns.

Money, as a language, is a very telling indicator of where people are placing their intention and their purchasing power. The political establishment will do whatever it can to ensure that users of electronic currency (and bitcoin) are tracked, controlled, and if need be, chipped.

Make no mistake about it, if the current political trajectory does not change, the political establishment will have their way and the surveillance of payments will be here very shortly. For those who do not comply or submit to authority, their representation on this electronic network will be switched off like a light switch.

Although the nuances remain undetermined, what is clear is that bitcoin empowers cashlessness. It also risks being co-opted by large mining operations. Central banks are looking at issuing their own crypto-style currency, but who will choose these over the original implementation of 2009?

There are many known unknowns in the bitcoin industry. However, what remains clear is that we have an era of total surveillance ahead of us, and bitcoin is one of many technologies which empower it.
11  Economy / Services / Bitcoin 'How To' Tutorials on: October 30, 2019, 12:40:45 AM

Here at, we sell KNOWLEDGE.

We empower you to do things with technology and mathematics that you did not even imagine were possible!

  • Submit bitcoin tutorials, receive payment in bitcoin per project.
  • Offerings focus on 'how to' tutorials, technology courses, and research articles.
  • Although not exclusive, majority of content aimed at bitcoin users.

People in the bitcoin industry are excited to learn about how to use this new technology to sever their dependence on a parasitic financial system and start building wealth in cyberspace with cryptocurrency. Therefore, we make available online tutorials and courses for those interested in learning more about topics such as:

  • bitcoin
  • ethereum
  • cryptocurrency
  • information security
  • programming

The platform itself serve to host course/tutorial content. We pay per piece of content such as per article or per course. All content submitted to Diginomics Corporation is the exclusive property of the author and our organization. It must not be published elsewhere.

Currently we are looking at paid submissions for the following tutorials/courses:

  • How To Fork Bitcoin
  • How To Encrypt With PGP

These are only the submissions that our organization is currently looking for. If you yourself have a proposal for a tutorial or course, we would love to hear it.

For an example of a successful submission that paid very well for the author, see our Ethereum Programming Course.

Please get in touch with us immediately if you are interested. We are actively hiring content producers.

12  Bitcoin / Bitcoin Discussion / Bitcoin Aptitude Test on: August 25, 2019, 10:26:36 PM
Test your knowledge on the bitcoin payment system. A timed multiple-choice question and answer format. Students will be able to review their performance following the examination and obtain certification with a passing grade. Those who earn a passing grade may be eligible for bitcoin rewards.

Bitcoin Aptitude Test
13  Alternate cryptocurrencies / Altcoin Discussion / How To Fork Bitcoin on: May 14, 2019, 08:10:47 PM
Over the past couple weeks, our team at Diginomics Corporation has been putting together an online tutorial on How To Fork Bitcoin. Although the course is still in development, and will be released gradually, lesson-per-lesson, over the next couple weeks, I wanted to make an early offering to the people of bitcointalk. The first lessons are available immediately with the following lessons to come online in the next few days.

For the first 21 people who use the code 'Xrs3&2sde' registration into the course is absolutely free. For those who use the code afterwards, a discount of 15% will be available with the code. You also get an additional 10% off when you pay in bitcoin.

We designed this course for the people who are interested in forking bitcoin to begin mining a new chain or creating their own cryptocurrency from genesis. This course allows you to:

  • Understand how forking works
  • Set up your development environment and fork the bitcoin core repository
  • Introduce technical customizations to the blockchain

We have also designed a support forum for students that is available for questions about any of the courses. Instructors check into the forum periodically to answer questions and post updates. Please take a look at the support forum.

If you have any feedback for the course please contact us directly or leave it in this thread. Once again, bear with us as the course content is updated (written tutorials, video screencaps, and timed examinations).

Thank you for reading and we look forward to seeing you inside the course!

What are you waiting for? Get registered now!
14  Bitcoin / Bitcoin Discussion / Will Bitcoin Lead to the SIngularity? on: April 20, 2019, 06:03:15 AM
In 1993, professor Vernor Vinge of San Diego State University, published a paper predicting a point in the near future where technology itself would be capable of creating greater-than-human intelligence. This point, Vinge characterized, would see large computer networks and their associated users “wake up” as superhumanly-intelligent entities. In such a scenario, technology would be capable of improving upon itself in such rapid succession, that from the purely biological perspective, it would be seen as an “intelligence explosion”. This future point in time at which technological development irreversibly changes the conditions of human civilization, has come to be known as ‘The Singularity‘.

“This change will be a throwing-away of all the human rules, perhaps in the blink of an eye — an exponential runaway beyond any hope of control.

It’s fair to call this event a singularity. It is a point where our old models must be discarded and a new reality rules, a point that will loom vaster and vaster over human affairs until the notion becomes a commonplace. Yet when it finally happens, it may still be a great surprise and a greater unknown.”

– Vernor Vinge, Technological Singularity

Due to the rapid progression of fantastically powerful computer networks, this point of no return, the technological singularity, now appears more accurate and imminent than ever. The bitcoin network, for example, has demonstrated exponential growth in total hashrate since it first came online in 2009.

The uniqueness of the bitcoin network, and the manner in which the blockchain verifies large quantities of data, creates the perfect application for artificial intelligence to make sense of communication patterns (transfers of value) which appear seemingly unrelated to the untrained eye. Artificial intelligence will be capable of performing fantastic analysis of the data time-stamped into the bitcoin blockchain. These analyses will give rise to astonishingly accurate predictions.

Read Full Article: The Singularity Is Near - Diginomics
15  Bitcoin / Bitcoin Discussion / How to fork bitcoin? on: December 11, 2018, 08:35:19 PM
One of the most intriguing developments in the bitcoin industry is the growing trend of forking. With this practice, individuals can inherit the technology of the original bitcoin implementation (bitcoin core) and introduce new technical specifications and parameters running on an entirely new software ecosystem. Already, many new “versions” of bitcoin have been created by forking the original source code. Many of these new implementations have targeted increased payment scalability and additional software use cases (such as the addition of a turing-complete scripting language). In this course, we will guide the student on how to initiate a hard fork of the original bitcoin core implementation in order to create their own adjacent (and completing) blockchain.

Tutorial: How To Fork Bitcoin

This course is of particular interest to individuals:

  • creating their own cryptocurrency for investment and profitability potential
  • bringing new use cases for bitcoin and cryptocurrency to market
  • proposing methods to sustainably scale the bitcoin payment network

In this course, we will complete a “bare essential” hard fork of bitcoin core – meaning that we will target an upcoming block on the network timeline and create a parallel network with little or no new modifications to the source code.

After we have familiarized ourselves with this procedure, we will attempt more advanced implementations such as:

  • alternative scaling methods (increasing the average block size and block data limit)
  • introducing a turing-complete scripting language to the blockchain platform (Solidity/JavaScript) for programmable applications
  • Examining and enabling previously disabled opt-codes (done for security purposes in the early stages of development)

Please note that this area of bitcoin research and blockchain development is at the cutting edge of industry. Therefore, we advise leaving room for making mistakes and also ask the student to understand that there will be many modifications to the course instructions contained within. Many courses available today in the bitcoin and blockchain industries target the programming of bitcoin but fail to deliver on how and why a developer may wish to experiment with these new internet protocols.

In this tutorial on How To Fork Bitcoin, we will show the user not only how to create and run their own parallel network, but why we believe forking the existing software repository of bitcoin will be one of the prime opportunities for bringing new applications to market.
16  Bitcoin / Bitcoin Discussion / What are you most interested in learning about? on: November 11, 2018, 11:43:15 PM
In the world of bitcoin, I wanted to see what people are most interested in learning about. Here we have presented a few options to get a better feel for the community here on BitcoinTalk. Please select which topic you would like to learn more about as we continue to develop bitcoin and cryptocurrency.
17  Bitcoin / Bitcoin Discussion / Introductory Course On Bitcoin & the Blockchain on: November 11, 2018, 09:34:05 AM
Way back in late 2012/early 2013, when I first heard about bitcoin, my immediate inclination was to jump on my computer and search "bitcoin forum". Naturally, this brought me to BitcoinTalk where I remain an active poster today. That 2012 query has completed changed the course of my life as well as my financial status. It has been show to me that the best place to learn deeply about a subject, when there are no other available options, is an online community.

BitcoinTalk was and still is that community for me and today I would like to express my gratitude.

If you are someone who is interested in learning more about bitcoin on a deep level, and considering the implications of digital money, I encourage you to take a look at our Free Introduction to Bitcoin Course.

It has already been well received by the community and we would like to continue further development on it. Students who are enrolled today will have the course content made available to them as long as we continue to update the materials.

I am hoping to get some valuable feedback on this course.

Thank you all and good luck!
18  Bitcoin / Bitcoin Discussion / Blockspace Is the Commodity of Bitcoin on: November 11, 2018, 02:23:30 AM
Read original research:

When an individual makes a transaction on the bitcoin network, no actual currency is moved. That is – no file has moved, no commodity or asset has moved, no private or public key has moved. Rather, the only thing which changes is the percentage of the blockchain ledger which User A & B claim control over.

When a transaction occurs in the realm of bitcoin, the image of the blockchain is altered. Nothing ever changes but the composition of this blockchain record. The blockchain is a historical record of its ownership. It is a downloadable file (.dat) which began at zero and is now ~ 189 gigabytes (GB) in size.

There is no separation to be made between the blockchain and bitcoin. They are one in the same. Without the blockchain, you have no bitcoin ecosystem. Without an accompanying cryptocurrency, you have no measuring tool to determine the ownership of the blockchain. Money is now an image, rather than something which can be separated from the system itself. This image of money is being constructed by machines acting as miners across the globe. The miners are the painters of the blockchain image.

On the bitcoin network, money is an image continuously being generated (coinbase), re-attributed, and verified by way of cryptographic authorization – the application of numerical law.

The commodity of bitcoin is blockspace – that is, space within the blockchain where data can be timestampped and verified into existence through the decentralized network of computers who are contributing their labour (hashing proof-of-work) in order to propagate the next iteration of the blockchain record.

Each hash performed by a bitcoin miner produces a random number between 0 and the maximum value of a 256-bit number. The SHA-256 hash of a block's header must be lower than or equal to the current target to be accepted by the network. If not, miners increment the nonce (completely changing the hash) and try again. This is the contributed labour that all miners contribute to the ledger of bitcoin.

The process of verifying information into the blockchain is the work performed. Each unit of bitcoin gains its value from the amount of work (hashpower) that went into solving the latest block.

Blockspace is the commodity!
19  Bitcoin / Bitcoin Discussion / How To Issue A Paper Currency Backed By Bitcoin? on: November 11, 2018, 01:07:36 AM
Let's say we had a bitcoin wallet with exactly 1.0 BTC in it. We wanted to use this 'reserve' to issue your own physical, paper currency.

This could come in the form of a bond or security. The necessary thing is that it must be tradable, counterfeit proof, and hold value.

If we printed a circulation of this paper currency, perhaps we could call it a note redeemable for bitcoin within the wallet at a fixed exchange rate.

1 Physical Note = 0.0001 BTC

It would seem that a signature from the private key of the reserve wallet would be required to produce a QR code which can be printed on the physical note. Each note must be signed cryptographically.

When the note is presented to the authority, it is redeemed from the bitcoin wallet to the customer?

How could such a system work?
20  Bitcoin / Bitcoin Discussion / Buy 1 Bitcoin on: May 27, 2017, 11:04:28 PM
Buy 1 Bitcoin

"Owning even 1 bitcoin will put you in the top 1% financially within the next 30 years."

- Travis Patron
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