Comments on Borepatch: So what is Bitcoin, anyway?

Effortpost: /r/bitcoin and Jewish people, a small trip through the archives.

In no particular order:
"if the Jewish community gets behind this, we're going to the motherfucking moon!" http://www.reddit.com/Bitcoin/comments/26oncn/a_video_explaining_bitcoin_is_currently_the_top/
"I'm not surprised at all that Bitcoin is catching on quickly in Israel. The jews are a crafty bunch when it comes to money and finances." http://www.reddit.com/Bitcoin/comments/1v3q5n/spotted_this_car_for_sale_in_tel_aviv_israel/ceogpar
"Good, we need The Jews on our side. Though, ideally, it would have to be the New York kind." http://www.reddit.com/Bitcoin/comments/1txk15/israel_is_about_to_take_bitcoin_to_the_next_level/ceciwbp
"The last three heads of the Federal Reserve have been Jewish, who make up 1.8% of the United States. Jews are also disproportionately represented in billionaires, CEOs and entrants to the IVY league. Not that I'm into the whole Jewish conspiracy bit, but there is a reason such sentiment exists." http://www.reddit.com/Bitcoin/comments/25c26u/amirtaaki_ohhh_now_i_understand/chg007o
"If the Jews are buying bitcoin, I'm sold." http://www.reddit.com/Bitcoin/comments/1rj0r6/bitcoin_attention_in_israel_is_going_insane_a/cdnryo6
"you know your money is messed up when not even the jews will take it" http://www.reddit.com/Bitcoin/comments/1zlh86/so_i_was_told_to_take_bitcoin_down_from_my/cfuprcc
"Obama/Zion are turning the thumb screws on Japan to do some dirty work. Why? Because Japan's economy is about to collapse. TPP will eventually open the doors to an immigrant work force to come and 'save' Japan, meanwhile flushing sovereinty down the tube." http://www.reddit.com/Bitcoin/comments/1zm1fn/my_hour_long_conversation_with_mtgox_call_cente
"It wouldn't. But I will not feel good about Bitcoin taking off knowing this swindling Jew holds 5% of all coins." http://www.reddit.com/Bitcoin/comments/1zmfjn/the_statements_from_people_who_lost_their_money/cfw216m
"Just because people of all races are capable of being criminals doesn't mean people of all races are equally likely to be criminals. If jews didnt have a well established pattern of swindling the goyim, I wouldn't have brought it up." http://www.reddit.com/Bitcoin/comments/1zmfjn/the_statements_from_people_who_lost_their_money/cfw4o0i
"Not to say Bit-Coin isn't cult like, but that website is made by jews and should not be trusted under any circumstances" http://www.reddit.com/Bitcoin/comments/246c7convinced_my_sons_school_to_accept_bitcoin/ch4rqqr
"Zionist Jews control the USD and they are corrupting it to the point that people are beginning to think about alternate currencies. Eventually these Jews will come-a-knockin' to Bitcoins door. Chuck Schumer, the Zionist Jewbag piece of shit, is already calling for the US government to fuck over Bitcoin." http://www.reddit.com/Bitcoin/comments/1bf8c4/usd_hits_all_time_low_xpost_from_rfiatmoney/c96tspc
"No surprise there, you can always expect the Jews to be a crafty bunch." http://www.reddit.com/Bitcoin/comments/1u8ltj/bitcoin_atm_machine_arriving_in_israel/ceflajn
"Jews all around the globe are afraid their control over money is slipping out of their hands with Bitcoin. They never gonna legalize or approve it's existence." http://www.reddit.com/Bitcoin/comments/1umpii/german_central_bank_official_issues_anothecejme8x
"By banksters, you mean jews right? They're a clever lot." http://www.reddit.com/Bitcoin/comments/1xqc2p/banksters_jpmorgan_continue_their_assault_to/cfdvnqo
"I prefer to give my money to jews. I saw what Hitler did with German money." http://www.reddit.com/Bitcoin/comments/1ops83/cavirtex_to_start_charging_dormant_1_year_account/ccuiz8z
"Imagine also that there are two types of BTC users: Jews, who speculate (holding BTC long-term with the expectation that it will appreciate against USD); and Aryans, who only trade " http://www.reddit.com/Bitcoin/comments/175r1l/unqualified_reservations_how_bitcoin_dies/
"Please stop posting this Jewish bankemedia attempt to besmirch bitcoin. We are going to see this time and again from the Jewish bankers. This will not be the first time." http://www.reddit.com/Bitcoin/comments/1rf3fb/study_suggests_link_between_dread_pirate_roberts/cdmlipy
" It is partial speculation. However, those company names are known and I have seen them in the past. I do not know the families but I see one pattern. Jewish controlled businesses are definitely attacking bitcoin. Like I said, I have no problem with Jewish people." http://www.reddit.com/Bitcoin/comments/1rf3fb/study_suggests_link_between_dread_pirate_roberts/cdmtyvi
"A jewish lawyer accepting btc as payment?WE HAVE DONE IT LADIES AND GENTLEMEN! THE BATTLE IS OFFICIALLY WON" http://www.reddit.com/Bitcoin/comments/1dch8i/houston_dwi_attorney_jay_cohen_now_accepting/c9p8cnd
"Totally legal to charge goyim interest though."/"Not only legal, but compulsory." http://www.reddit.com/Bitcoin/comments/1su517/potential_way_to_grow_btc_by_16_billion_customers/ce1fahi
"There are not even enough enough Jews to go around to hire for this immense job." http://www.reddit.com/Bitcoin/comments/21j893/irs_protest/cgdml0a
"most muslims don't trust banks & don't like Jews, which means they r the best market for BitCoin" http://www.reddit.com/Bitcoin/comments/1vc9kj/bitcoin_may_be_a_luxury_for_the_first_world_but/cerbhcp
"Wow, a jew who claims to be Scrooge McDuck.I never seen that one coming" http://www.reddit.com/Bitcoin/comments/1xqnaa/im_hoarding_bitcoins_and_no_you_cant_have_any/cfe8xu1
"Stereotyping, yes, but anti? The whole article is about how it's good to act like a stereotypical Jew, and this is anti-Jew?" http://www.reddit.com/Bitcoin/comments/1xqnaa/im_hoarding_bitcoins_and_no_you_cant_have_any/cfe5umt
"wow, such a non jewish thing to do. I call shenanigans on the op :)" http://www.reddit.com/Bitcoin/comments/1tr0hx/i_gave_a_40_mbtc_paper_wallet_to_my_secret_santa/ceaun9z
"You can blame most of this on the Jewish banks and media." http://www.reddit.com/Bitcoin/comments/1rg1x9/americas_contribution_to_bitcoin_innovation_ponzi/cdmvc9m
"RESIST the Zionist infiltration of bitcoin" http://www.reddit.com/Bitcoin/comments/1qp3zp/coinvalidation/cdfavya
"Not really, he'll probably get expelled from the faith when they realised he lost so much of their jew gold" http://www.reddit.com/Bitcoin/comments/1z8291/mtgox_ceo_we_identified_the_problem_we_are/?utm_medium=twitter&utm_source=Fancy+Show+Tech
Also:
"Not meant as a Jew stealing my bitcoin. "jewed is something that came from south park; Cartman says it alot for when he gets screwed over." from google results on the term." http://www.reddit.com/Bitcoin/comments/262k9v/today_i_joined_the_top_3/chnaqyz
submitted by bitlerdidnothingwron to Buttcoin [link] [comments]

Cryptocurrency and Blockchain – Industry News – (03.08.19 – 03.15.19)

Total Market Cap, as of 03.15.19 at 12:00pm (PST): $137,576,523,635 (+2.79%)

Missed last week’s update? Click here

STORY OF THE WEEK

Cosmos, a blockchain interoperability project has released its platform dubbed “Cosmos Hub”. This comes after 3 years of planning and development and a $16,000,000 USD raise in 2017. The platform aims to solve scalability of distributed technology by proposing a platform of blockchains.

CRYPTOCURRENCY TRADING SERVICES

•Traders on Coinbase can now transfer cryptocurrency directly from its trading platform to the institution’s custodial wallet offering Coinbase Wallet.
Coinbase Pro, Coinbase’s professional platform lists Stellar Lumens for trading.
•New Zealand based exchange Cryptopia migrates 35% of the platform’s funds into new wallets.
DX Exchange, an Estonia based exchange utilizing Nasdaq’s trading engine launches security token offering (STO) listings.
•Trust Wallet, Binance’s endorsed wallet now supports Ripple (XRP). Traders and developers building on top of Trust Wallet can take advantage of the support of the Ripple ecosystem.
•Hong Kong based exchange Gatecoin shuts down as a result of a legal dispute with a payment processor and a devastating 185,000 ETH and 250 BTC hack in 2016.

REGULATION

•In the U.S state of Texas, a bill has been proposed to require identity verification for sending cryptocurrency payments.
Central bank of Russia aims to introduce an annual limit of 600,000 rubles ($9,100 USD) for unqualified investors who want to purchase digital assets.
Thailand Securities and Exchange Commission (SEC) has approved the decision to create a portal for regulated ICO’s.
•Singaporean based exchange Quoine has been found liable by the Singapore International Commercial Court (SICC) for reversing 7 trades from market maker B2C2 in April 2017. Trades were valued at 10 Bitcoins per 1 Ethereum.
The Canadian Securities Administrators (CSA) and the Investment Regulatory Organization of Canada (IIROC) is now seeking regulatory input on cryptocurrency exchanges, in an attempt to integrate securities laws where appropriate.
•In the U.S state of Colorado, governor Jared Polis has signed the Digital Token Act on March 8th, 2019. This will exempt specific cryptocurrencies with specific characteristics and functionality from being classified as a security.

TECHNOLOGY

Tether has recently updated terms of service which will shift its reserves from 100% traditional currency (USD) to a combination of traditional currency and cash equivalent assets such as loans.
Samsung unveils a native cryptocurrency wallet for its flagship S10 device that can be found on the Samsung Galaxy Store. Wallet will support Ether (ETH) and ERC20 based tokens alongside 4 dApps from the outset.
MyEtherWallet launches an alpha version of its Ethereum blockchain explorer, EthVM. INSTITUTIONALIZATION
Kakao Corp, the creators of KakaoTalk – South Korea’s most used messaging app raises $90 million USD to supplement the launch of a new blockchain platform in June dubbed “Klaytn”.
•A blockchain based ETF, consisting of 48 companies involved or building blockchain technology has launched on the London Stock Exchange (LSE).
Chicago Board Options Exchange (CBOE) announces that it will not add a Bitcoin (BTC) futures market in March.

PEOPLE

•Mark Karpeles, the CEO of Mt Gox faces a 10-year jail term from the Japanese authorities for embezzlement of client assets.
•Danelle Dixon has been appointed the new CEO of the Stellar Foundation, previously COO of Mozilla.
•Konstantin Ignatov, CEO of multibillion-dollar pyramid scheme OneCoin has been arrested and charged with conspiracy to commit wire fraud. Ignatov’s sister, Ruja Ignatov is charged with wire fraud, securities fraud and money laundering.

TWITTER

@cz_binance – “Populaunpopular opinion: Everyone will be in crypto, sooner or later, whether they know it or not, whether you like it or not.”
@barrysilbert – “Wells Fargo, a Buffett investment, has been fined 93 times for fraud and other abuses, for a total of $14.8 billion in fines since just 2000. I'll take bitcoin's "charlatans" over that any day.”
@erikVoorhees – “Crypto is software eating finance”
submitted by Edmund_N to CryptoMarkets [link] [comments]

Coin-a-Week: Bitcoin

This is Coin-a-Week, the laziest coin coverage yet. We reprint coin-a-day archives with minimal revision and marginalia, not because the original was spectacular, but because we have it at hand and we have plenty more where that came from.
For a behind-the-scenes view of lazy coverage, send a message to coinaday (that's me) or /coinaweek (also obviously me) or request a subscription in the comments.
[There was a reference to the dogecoin post following being caught in the filter, then:] Fixed; spam filter issue. Thanks ThePiachu !
Coin-a-Day Jan 1stWeek February 14th
Welcome to the first Coin-a-DayWeek post, as introduced yesterdayintroduced "about a week ago"(tm)! Today I'm talking about Bitcoin, since it's the foundation for everything. This gives us an opportunity to review my format: what else should I have included? This post is something of a template for how I will be covering other coins. Up next for tomorrow"in a week"(tm) is dogecoin. I have not yet decided upon the next one after that, although I have an extensive list to choose from based on just the list I started with off the top of my head and the comments from yesterday.
Summary:
• 21 million coins limit; 13,675,325 13,837,675 currently [0]
• All-time high: $1124.76 [0.1]
• Current price: ~$314 256 [0]
• Current market cap: ~$4.3 3.5 billion [0]
• Block rate (average): 10 minutes [0.2]
• Transaction rate: 58882 transactions in the last 24 hours, estimated $22.6 million [0.3] 83,982 transactions in the last 24 hours (covering about Jan 2nd), estimated ~$230 million. [0.3] (revised) 96,919 transactions in the last 24 hours (around Feb 14 2015) [0.3]
• Transaction limit (current): 7 transactions/second [0.4] (This varies based on transaction sizes but is a commonly cited estimate.) [3 transactions / second estimated at normal / current transaction sizes; I use the 7 transactions / second and "theoretical maximum" values for this series]
• Transaction cost: 0.0001 BTC standard fee (or free under certain conditions) [0.5]
• Rich list: Top 100 addresses hold 20.36%20.9% [0.6] (I know I've seen a better richlist with a pie chart but forget where)
• Exchanges: Many. [0.7] (There are also many notable direct sellers not listed on there.)
• Community: Extensive. Highest merchant adoption.
• Processing method: Proof-of-work; paid with block reward + transaction fee
• Code / Development: https://github.com/bitcoin/bitcoin ; strong developer team and community
• Distribution method: mining
• Innovation or special value: First cryptocurrency; largest market cap
Description
Bitcoin is the gold standard of cryptocurrencies. It came first[1], it has the largest market share[0], and it has one of the highest unit prices[0]. It is the foundation upon which substantially all alt-coins have been based, so it will be described here, and referenced frequently in later articles in comparison.
Bitcoin is based upon a distributed transaction-processing system called "mining". In it, computers race to solve a problem (making a hash less than a given value[2]) which allows them to add a set of transactions to the ledger (add a "block" to the "blockchain"), and gain a reward in bitcoins.
This reward acts as the incentive for transaction processing as well as providing new bitcoins. This reward is progressively halved over time until eventually there will be 21 million bitcoins [3] There is also a transaction fee (technically optional, see reference for details) [0.5].
Transactions are a combination of inputs (which are previous unspent transaction outputs or miner rewards) and outputs. The inputs must be greater than or equal to the outputs, and the difference is the transaction fee.
Bitcoin uses "addresses" which are hashes of public keys. An input must be properly signed by the private key in order to be spent[4]. This provides the cryptographic security of the network: as long as the mathematical models and program implementations used are correct, then the system will behave as expected (money cannot be spent twice; money cannot be spent by someone who doesn't own it; etc.). This is the "trustless" and "decentralized" nature of the system: there is no central authority relied upon to validate transactions (like a payment processor). Instead, this functionality is implemented by independent 'nodes' following a public protocol and monitored by other independent sources.
For instance, if any miner were to attempt to add a block which spent bitcoins which did not exist, or for which a proper signature was not provided, other miners acting in accordance with the protocol would refuse to build upon this block and clients (wallets) would also not recognize it as valid.
Most of these features are common to the alternative coins ("altcoins") which were developed after bitcoin and are based upon it ["clonecoins"]. Its code is also the basis for many of the alt coins.
Community
Without being too inflammatory and with tongue-slightly-in-cheek, Bitcoin has developed a userbase of crazy libertarians[5] who constitute the coin's greatest strength and greatest weakness. Most of them deny the value of any alternative coin[6]. Some of them believe that bitcoin will inevitably become the global reserve currency [7].
Merchant adoption is currently the strongest of any cryptocurrency. It has grown very significantly in the past year. It varies by country, industry, and in-person versus online, but there have been many major adoptions. They use payment processors rather than accepting it directly for the most part. Rather than attempting to put a big list here we'll make today's 10,000 NYAN challenge to the reader with the best source listing all or as many merchants accepting it as possible. C'mon people, I swear I've seen this on /bitcoin before.
Footnotes
[0] http://coinmarketcap.com/
[0.1] http://en.wikipedia.org/wiki/History_of_Bitcoin (Wikipedia used as a source for 'general knowledge' confirmation)
[0.2] https://en.bitcoin.it/wiki/FAQ#Why_do_I_have_to_wait_10_minutes_before_I_can_spend_money_I_received.3F
[0.3] https://blockchain.info/stats https://bitinfocharts.com/bitcoin/
[0.4] https://en.bitcoin.it/wiki/Scalability#Current_bottlenecks
[0.5] https://en.bitcoin.it/wiki/Transaction_fees Transactions fees can be omitted. For most transactions, this causes a much longer time until confirmation. For a transaction less than 1000 bytes, with outputs greater than 0.01 BTC, and with a higher priority, they may be safely omit the fee.
[0.6] http://bitcoinrichlist.com/top100
[0.7] http://coinmarketcap.com/currencies/bitcoin/#markets
[1] There were various precursors in cryptocurrencies, notably Hashcash, the proof-of-work function (not a currency as the name might imply). And there had been other digital currencies previously. But this was the first virtual currency introduced which revolved around decentralization powered by cryptography. These two aspects: decentralized exchange and a reliance upon cryptography will generally define cryptocurrencies here. "Centralized cryptocurrencies" may also be considered, but are considered atypical. [This footnote was also in the Dec 31st launch; this may be made broken into a separate topic eventually.]
[2] Requiring a hash to be less than a given value forces the solver to try many values of an otherwise irrelevant value. This requires processing time, thus "proof-of-work". The "difficulty" is a parameter which decides how small a hash must be to be accepted. https://en.bitcoin.it/wiki/Difficulty This is called "proof-of-work" (as opposed to "proof-of-stake", a later development based on demonstrating ownership in a currency) and its purpose is to regulate the average speed of the block generation as well as provide a mechanism for determining whose block is allowed to be added to the chain.
[3] https://en.bitcoin.it/wiki/Controlled_supply
[4] https://en.bitcoin.it/wiki/Transaction
[5] https://www.quora.com/What-does-Yishan-Wong-think-about-Dogecoin/answeYishan-Wong
[6] Based on the author's reading of /bitcoin. This may not be representative of more sane communities like Bitcointalk or the broader community.
[7] http://nakamotoinstitute.org/mempool/speculative-attack/ http://nakamotoinstitute.org/mempool/hyperbitcoinization/
Additional Reading
• Original whitepaper - https://bitcoin.org/bitcoin.pdf
• bitcoin wiki - https://en.bitcoin.it/wiki/Main_Page
• bitcointalk (general source) - https://bitcointalk.org/
• bitcoin.org - A general reference
/bitcoin On second thought, let's not go there. 'Tis a silly place.
Disclosure
I am unqualified.
These posts are known to the state of California to be made from products which may induce cancer under certain circumstances.
Thank you for reading, and I look forward to all discussion and critique!
[edits complaining about formatting issues removed for brevity]
submitted by coinaday to CryptoCurrency [link] [comments]

Bitcoin is a protocol standard, and everyone in our era knows how protocol standards play: winner takes all. When we define the essential characteristic of “moneyness” as overvaluation, not as currency, we see that commerce in Bitcoin has no direct relevance at all to its price. If you are spending in Bitcoin, you are not holding it. limit my search to r/Bitcoin. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" url:text search for "text" in url selftext:text search for "text" in self post contents self:yes (or self:no) include (or exclude) self posts nsfw:yes (or ... How Bitcoin dies. TL;DR—Bitcoin dies in two very simple steps. 1: A DOJ indictment is unsealed which names everyone on Planet Three who operates, or has ever operated, or perhaps who has ever even breathed on, a BTC/USD exchange, as a criminal defendant. The charge: money laundering. How Bitcoin dies Unqualified Reservations by Mencius Moldbug; Copied and pasted a long thread about the 2020s (part 2) I have found a very interesting thread in a forum, I decided to copy and paste all the comments that the author of the post had made. The author posted this in 2019, the author also posted another in the past in 2018 about the same subject. But this will be about the 2019 ... US Treasury guidance isn&#39;t law. This new guidance only applies to Exchanges on US soil that facilitate transfer of wealth between two independant parties, it does not cover miners or wallet holders (end users) as they are &quot;users&quot; of the currency -- read the guidance again, this is written in there directly.<br /><br />This guidance doesn&#39;t kill bitcoin.

[index] [41427] [38327] [45431] [17963] [29161] [34615] [20890] [22570] [6840] [22474]

#