12-20 15:24 - 'There is mining rental. [link] / You legitimately rent some hashrate and point it to a pool. It's not profitable. Can be used to test something, buying like 6 hours of miner time.' by /u/jenny82ishere removed from /r/Bitcoin within 399-409min
''' There is mining rental. [link]1 You legitimately rent some hashrate and point it to a pool. It's not profitable. Can be used to test something, buying like 6 hours of miner time. ''' Context Link Go1dfish undelete link unreddit undelete link Author: jenny82ishere 1: www.mini*g*igren**ls.*o* Unknown links are censored to prevent spreading illicit content.
Description on Blockstream's Lightning Stickers for sale: "Show the world that you were one the first people to use Lightning on mainnet for a legitimate purchase…if it works. It’s a badge of honor for Bitcoin’s most reckless!"
Bitcoin at $140 .. Litecoin at $4 ... This isn't good IMO
I feel like a correction is imminent.. Who knows if it'll be today or when, but this isn't right. I'm sure everyone feels it. Ask yourself, what do you think bitcoin is worth? Many people will say around $70... Litecoin... I can't even comprehend why it was worth 50 cents, let alone $4 now? Please tell me, i'm not the only one that feels uneasy? I feel these huge price fluctuations are going to hurt the legitimate uses of bitcoin in the short term. Edit: I just don't want to see a crash after a wide adoption that leaves news headlines saying, BITCOIN PONZI SCHEME
Europol Discusses Bitcoin as Store of Value and Payment Method With the Industry
This is the best tl;dr I could make, original reduced by 56%. (I'm a bot)
According to the agency's announcement on Wednesday, among the topics discussed this year was the use of cryptocurrencies such as bitcoin as a store of value and as a legitimate payment method. Another interesting topic covered was the legitimate use of Bitcoin technology, including the use of cryptocurrencies as a store of value, and as a payment method for legitimate goods and services. Many Bitcoin companies were chosen to attend because they specialize in "Facilitating the lawful use of virtual currencies by providing online exchange, payment processing or wallet services." According to Europol, the industry experts that attended include Bitcoin. A 2015 European Commission report detailed how bitcoin has two features as a store of value, which differ substantially from traditional currencies. They are "Non-inflationary supply and cyber security." The author wrote, "Bitcoin is the protection against inflation as a safe haven from government interference." However, as a store of value, the report noted that "Bitcoin sensitivity to cyber-attacks and thefts reduces trust in bitcoin as a currency and hence impedes its growth and chances of becoming a global currency." Then in May this year, the European Parliament's Directorate-General for Internal Policies report stated that "Once trading of the digital currency in exchange for sovereign currency begins, there will be a positive market price or exchange rate." In addition, the report detailed "With digital currencies becoming more popular as a medium of exchange and also as a store of value, various asset substitutions take place. Households will reduce their cash holdings as they will start to make some payments with the digital currency."
*Changing* the blocksize limit | Chris Priest | Aug 06 2016
Chris Priest on Aug 06 2016: Because the blocksize limit is denominated in bytes, miners choose transactions to add to a block based on fee/byte ratio. This mean that if you make a transaction with a lot of inputs, your transaction will be very big, an you'll have a to pay a lot in fees to get that transaction included in a block. For a long time I have been of the belief that it is a flaw in bitcoin that you have to pay more to move coins that are sent to you via small value UTXOs, compared to coins sent to you through a single high values UTXO. There are many legitimate uses of bitcoin where you get the money is very small increments (such as microtransactions). This is the basis for my "Wildcard inputs" proposal now known as BIP131. This BIP was rejected because it requires a database index, which people thought would make bitcoin not scale, which I think is complete malarkey, but it is what it is. It has recently occurred to me a way to achieve the same effect without needing the database index. If the blocksize limit was denominated in outputs, miners would choose transactions based on maximum fee per output. This would essentially make it free to include an input to a transaction. If the blocksize limit were removed and replaced with a "block output limit", it would have multiple positive effects. First off, like I said earlier, it would incentivize microtransactions. Secondly it would serve to decrease the UTXO set. As I described in the text of BIP131, as blocks fill up and fees rise, there is a "minimum profitability to include an input to a transaction" which increases. At the time I wrote BIP131, it was something like 2 cents: Any UTXO worth less than 2 cents was not economical to add to a transaction, and therefore likely to never be spent (unless blocks get bigger and fee's drop). This contributes to the "UTXO bloat problem" which a lot of people talk about being a big problem. If the blocksize limit is to be changed to a block output limit, the number the limit is set to should be roughly the amount of outputs that are found in 1MB blocks today. This way, the change should be considered non-controversial. I think its silly that some people think its a good thing to keep usage restricted, but again, it is what it is. Blocks can be bigger than 1MB, but the extra data in the block will not result in more people using bitcoin, but rather existing users spending inputs to decrease the UTXO set. It would also bring about data that can be used to determine how to scale bitcoin in the future. For instance, we have no idea how the network will handle blocks bigger than 1MB, simply because the network has never seen blocks bigger than 1MB. People have set up private networks for testing bigger blocks, but thats not quite the same as 1MB+ blocks on the actual live network. This change will allow us to see what actually happens when bigger blocks gets published. Why is this change a bad idea? original: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2016-August/012939.html
Description on Blockstream's Lightning Stickers for sale: "Show the world that you were one the first people to use Lightning on mainnet for a legitimate purchaseif it works. Its a badge of honor for Bitcoins most reckless!"
02-03 22:43 - 'This is why you use QuadrigaCX! The benefits of a longstanding legitimate exchange means you get all the banking inputs and outputs. (Ref [[link]])' by /u/iJeff removed from /r/Bitcoin within 4-14min
''' This is why you use QuadrigaCX! The benefits of a longstanding legitimate exchange means you get all the banking inputs and outputs. (Ref [[link]2 ) ''' Context Link Go1dfish undelete link unreddit undelete link Author: iJeff 1: ww*.qua*r*gacx***m*?r*f=zhys4m4*g0a3t2sj*c01*w*z 2: *w****adr*gacx.com]^^1 Unknown links are censored to prevent spreading illicit content.
12-08 10:02 - 'I will refer you to a legitimate tool of hack which has the ideas And the logics which he will make use ethically in recovering your lost BTC quickly for you. He can be reached at [email protected] and there...' by /u/guitarpromaniac removed from /r/Bitcoin within 41-51min
Trying to give bitcoin the benefit of the doubt (via iPhone) but prepaid cards don't seem to work with bitcoin apps that I use. The first legitimate app that works with prepaid will have me for life.
It's very frustrating to join in on something everyone is buzzing about being "easy" when it takes 3-6 hours to figure out how to put money into Bitcoin. I have coinbase, but it won't work with my prepaid card. Circle looks like the right move but it requires me to update my entire phone (in otherwords, no deal). I really really really want to take this seriously, but this is the same two-step I've seen from other sketchy early adoption systems; the "hey join us it's easy" followed by "I never said it was easy, you're fucked, sucks to be you, bye". Someone throw me an app that works with prepaid cards without updating my iPhone to some supremely fucked up update that kills everything else on my phone. If anyone knows an app that takes prepaid cards I'll be in immediately, as of now I'm essentially locked out till further notice. Better yet, is there a PHYSICAL location where I could buy or transfer money for bitcoin? Is there a "fast-track"? I'm about to just hand money to some guy on the street since he'll likely know more about transferring to bitcoin than the majority of people who've attempted to fix this in Tech Support lines for my cards.
Blockchain.info advertised a scam bitcoin investment site called Hashprinme.com as one of its partners, allowing it to steal over $100,000 USD simply by using Blockchain's reputation to mislead its victims as a legitimate investment company...SHAME ON YOU, BLOCKCHAIN!
Has anyone here invested with Hashprime after finding it through Blockchain.info? Please share your experiences.
I have no faith in the college admissions process anymore
They said we're looking for unique students, so here I am. I'm unique in the sense that I don't let John Stewart and Stephen Colbert's obnoxious personas define my way of arguing, opinion formation, and the like. I like to think it reflected in my interactions with adults and teachers. Speaking of teachers - from the get go, they noticed that I was more mature than the rest of my peers. I didn't speak condescendingly in these regards but it's worth noting. They call me ambitious with qualities of leadership. No UNICEF chapter president for me, thanks. I pave my own path by starting my own nonprofit and making it awesome, helping half a million people after two years. There's so much more to who I am, something that can't be defined by the school or the grades on my high school transcript. Others can vouch for me on this - I'm a dreamer, a seeker of knowledge. I don't take anything at face value - I look deeper for the truth. All the way from the lesbian waiter who was actually full of shit to the legitimate uses of Bitcoin aside from drug purchases. I learn, I gather, I create, I evolve myself to become a better person for the sake of being better. But yeah, I'm not all that perfect. My grades aren't perfect. What do you expect when you're given the two hardest AP English teachers in the school two years in a row? I wish they accounted for that on the transcript. Maybe then it would put my B's in context. I took the full challenge - the hardest classes for every subject. I know it doesn't define me, but if I can do something to help my future, in this case that future being college admission, so be it. You won't see any "easy A" classes like "Film Appreciation" on my slips of paper that spout A's and B's. I had the unique personality. I paved my own way as far as leadership shows. I separated myself from even the "gen x" normal peers and became my own unique person. And yet, you lost what little respect I had for you. Brown =look at the kids you accepted from this area and you've got someone so unaware of the world around him that he thinks PETA are a legitimate people without any hypocricy. He's nothing but a human database. That girl who cheated her way through prep school and, through a five minute conversation with her, makes you question the prep school's decision about her? MIT class of 2019. Adcoms, you chose some of the smartest kids in the country as well as some of the dumbest. But now I realize it. I lived a lie all my life. I actually thought there were some decent peple sitting in a school's office of admissions. You've essentially reserved spots for legacies, athletic recruits, URM admits (including the black girl who bullied me since kindergarten. 1st tier school 2019), and all the other special cases. The remaining 10% is reserved for the kids who received national science medals before they turned 15. THEN it is a meritocracy, nothing holistic about it. Fuck all of you. God. You've only served to liberate me. I swear one day I'll be big and I'll denounce your ways. The only people who legitimately need a higher education are doctors, and I'll make sure the medical class of 2039 don't apply to you.
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