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Issuing money by global central banks is a great opportunity for stablecoins," says Digital Gold Advisor Dr. Walter Tonetto

Issuing money by global central banks is a great opportunity for stablecoins,
Last week we talked with our adviser and CEO at Nusantara Trust Dr Walter Tonetto. He answered a number of questions that interest our customers.
How did you land in the cryptocurrency / blockchain space?
I was advising startup businesses in the technology space, and when 2016 came around, I asked Scotty, the feisty chief engineer of the U.S.S. Enterprise, to beam me into the heart of the finance system; I felt more and more the irresistible tug towards remodeling the current toxic financial system. Purposive remodeling, of course, is going on all the time, and it’s a knife that cuts into two directions. The vast majority of the ‘woke’ crowd actually believe that they can ‘disrupt’ the power of the elites that control all money flows. Bathing limestone statues – registering about 4 on the Mohs scale and 0 on the scale of reason -- of past leaders in district waters may give you a feeling of breathing the air of revolution and tiring unknown muscle-groups in your shanks, but think of it like a father watching his child toss around shovels of soil in a sandbox; he smiles benignly from afar, knowing it won’t change a thing; all the luxurious appointments at home won’t get touched. It is a grave illusion to suppose that by playing around with payment systems and technologies we will actually change the role and the emission of money. You may be permitted to become the shoe-shine boy in the royal household, but don’t think you will marry the princess and dilute the royal blood! But understanding the constitutive parts of power aggregation, and working over significant time-frames, allows for approaches and solutions; -- but these should come not from another adversarial position, thus merely marking a displacement of the incumbent, a change of guard, but from an authentic re-orientation, of making benefits much more widely possible and not creating monetary systems that are grossly imbalanced and highly destructive. That, and not building tech stacks, is the challenge!
What was your initial reaction to bitcoin?
Well, I was following the file-sharing service Napster since it started, around 1999 – when the U.S.S. Enterprise was sitting pier-side at Huntington Ingalls Newport shipyard, rusted and gutted, and to me the P2P sharing paradigm was always present in my mind, shining buffed and radiant, so even the centralized Napster was something wholly natural to me – Dr Sheldrake calls it morphic resonance. We live with a great deal of blurriness, though. On the one hand, we think of the virtues of sharing; on the other, there is a seemingly indefatigable impulse to control and dominate. Sean Parker, after founding and floundering with Napster, became a cocaine-snorting egotist and president of Facebook. Collecting money for a charity, he gets aggressive with people who do not follow suit. A control-freak in overdrive. Notwithstanding the technical variations, BTC, seemingly freeing us up from fiscal controls and yet showing our craving for money, exemplifies the flawed perception at the root of things. Monero, which sounds like a much faster, highoctane vehicle, a CV8-Z of the crypto-track, beats BTC in regard to privacy and fungibility, though BTC has advantages in other areas.
Which is a much more common trend nowadays?
It’s hard to make out the shapes of wild-life in the current kangaroo market we’re in. The bulls and bears have mauled one another, and the kangaroo, bereft of oxygen on account of wearing a tight mask, is hopping wildly everywhere. But clearly the possibilities of digital currencies became un-tethered via Bitcoin and the querulous and hidden Satoshi. I like to think of him more as an idea rather than as a person; an idea is generally more malleable and consequential. For instance, rather than laud the benefits of crypto for FX and cross-border payments, the possibilities of a central-bank issued digital currencyENCOMPASS THE POTENTIAL to inscribe new roles for programmable money; for how money is issued, how it is used, and what role custodial mechanisms (traditionally in the hand of commercial banks) might have. I see HUGE potential for private firms to enter the equation here, but we need more open-minded and intelligent regulators that do not always look for the rungs of the career-ladder in any move they make! A DAO could be most helpful here, but we are currently under the terror of algorithms that are not concerned with the welfare of the greatest number of people. If I had the time I would coauthor a book on this theme with a skilful mathematician (perhaps with my son, who is completing a Ph.D in near-term Quantum Algorithms).

In 2018 I was keynote speaker at the BlueWhale forum in Seoul, and I spoke about an Algorithm of Peace. I had a clutch of people approach me straight after the talk, some from Korea, others from the U.S., and ask me to develop my ideas in book form.
Where do you see the price of bitcoin going over the next few years?
I wouldn’t speculate, but since everyone is shilling it, it is bound to keep pushing north, occasional blockages otwithstanding. I always look for twists and incongruities in the usual narratives on offer. Many BTC fans talk about the unbanked, but BTC is held by what will become another elite in due course, and the unbanked will later be serving them the chilled drinks between innings, as usual.
Do you think that there’s a time for altcoins to break out and move away from the movements of bitcoin? What’s that tipping point that needs to take place?
I have some notions under which alt-coins can take the lead and leave bitcoin behind, but it’s too complex to explain the conditions for that to occur. Once very solid use-cases have been established with a clutch of alt-coins, bitcoin might begin quavering in his boots. That alt-coins should take BTC as a benchmark speaks volumes about the lack of maturity of this young and over-eager market. The fuzzy umbilical cord is always present like a foot-tangle; alt-coins must find their own ground, and clip the connection to a vagrant father. Finance needs clarity and not fuzziness. Keep in mind that many sovereign nations bridle at the calamitous influence of the US on payment systems, so nations are building their own messaging systems outside SWIFT, and their own securities exchanges are following. But remember: these are all crumbs: the U.S. can shut down payments to any recipient accounts by informing the payments company and doling out threats. And since all alt-coins and fiat currencies are connected to payment gateways in some form, the U.S. would have to begin reforming its archaic ACH structure to enable efficiencies in the financial pipes, which does not offer real-time payments functionality. This accounts for the relative simplicity (and success) of the PayPal business model (which Venmo and Dwolla later emulated without using credit cards). But understand that the elites will always protect the real crown jewels, and incite wars (or street battles and racial squabbles, as we’re witnessing in the U.S. in mid 2020) so that they can get away with major financial heists in broad daylight. It’s all smoke and mirrors, and scorched talons if you look closely: you cannot trust the reflection you will receive on a smoky pane. Only the big players know the predetermined outcome.
One fundamental misprision occurs amongst alt-coin apologetes: they fail to understand how markets move and what the designated role of money is in markets. Even if you want to displace something, you first need to understand exactly what you’re dealing with, but that is rarely the case. Yes, banks are structurally and constitutionally part of the problem, but no government will dare cross swords with them: there is still too much aggregated power. Ripple and Stellar are two Blockchains that are working with, and not against, banks, and that likely makes them much better candidates for wide acceptance.
What’s one must-read book you recommend to everyone?
That depends so very much on who’s sitting opposite me! I wouldn’t push what is not naturally aligned. But I would push a couple of films urgently, as essential viewing for everyone:
“Vaxxed: From Cover-Up to Catastrophe” (and a sequel), which profoundly shocked me, but confirmed my suspicions. Talking about books: one gets a good sense of the kind of books I would counsel people not to touch, unless an overweening impulse bade them otherwise. For instance Steve Pinker, a favourite author of Bill Gates. Pinker in Gates’ hands explains a lot about the character of the reader, the latter of whom I consider one of the most dangerous people on the planet at the moment. If we stay with Pinker for a moment, since he’s famous and fashionable (Harvard professor with a Medusa hairdo and an effete libertarian air, who in “Better Angels of Our Nature” has affirmed that man is not innately good), we note in his presentation in regard to his ineptly titled book “Enlightenment” that he falls prey to the very flaws he chastises, the classic Münchhausen trilemma (in Jakob Fries’ phrase). Picture Baron Münchhausen pulling himself out of quicksand by his own hair! That he is beholden to neoliberal befuddlement becomes clear when two of the opening images of his talk show Vladimir Putin with a rifle andDonald Trump speaking on a podium. The classic neoliberal Harvard think-tank shows reason to be failing and drowning in pious gestures to the cognoscenti and anointed. I like to look for effective counters for specious and shallow argument: for instance, Rupert Sheldrake’s “The Science Delusion” is a splendid book that bucks the Dawkins’, Pinkers and other materialists of this age. You see, if one listens to Pinker with the head alone, his pedestrian epistemology might not irk, and some ideas might appear plausible enough in a desultory encounter, but if you really want to know the meaning of things, and discover how it relates to the heart, you feel betrayed and given short shrift by him. Among the platitudes he gives out in carefully parsed syllables, the movement of his forehead and eyes betray the spirit behind the façade. Yet I always look, like Yeats, for those who “had changed their throats and had the throats of birds”!
What’s the rainbow trout of the year? Nut-like flavour, the eye still gleaming, with tender, flaky flesh? There are many books I could cite for different genres. The vast majority of modern writers, for all their accomplishments, lack genius, don’t really understand the art of writing, and so cannot hold my attention for long. For those who are open-minded and spiritual, “A Course in Miracles” cannot be bested, but don’t touch it unless you’re really willing to dive deep. There is no need to save the world, since it is nothing but projection; there is no world. You might experience the deepest sigh of relief, as if Atlas had cast off a burden after the Titanomachy. Paul Celan once remarked that “reality is not simply there, it must be sought for and won.” Snorkeling near the surface and blowing bubbles won’t cut it.
We are living in times of great manufactured unrest, which will only heighten in coming months and years, and so I would offer a guernsey to Seamus Heaney. I had met him many years ago, alas cursorily, at a symposium at Waseda University where I was working as a Gaikokujinkoshi, an Associate Professor, where another Nobel laureate, Kenzaburō Ōe and he were giving a reading. Heaney was inspired to write “The Grauballe Man” on the basis of the bog man that he had seen in a book of prehistoric times, but the troubles in Ulster were alive in him, too:
As if he had been poured in tar, he lies on a pillow of turf and seems to weep
the black river of himself. The grain of his wrists is like bog oak, the ball of his heel
like a basalt egg. His instep has shrunk cold as a swan’s foot or a wet swamp root.
Talking of Japan here, methinks, is an aculeate observation of Japan:
Cross the intersection at Shibuya Station in Tokyo on a forbidding wintry evening — touted as the world’s busiest cloverleaf — and you will feel this is Eliot’s London Bridge revisited, with quaggas (think half zebras) preserved in the tar of the five crossings; — flattened ebon bones dreaming the dreams of Pleistocene mammoths — as the mass of the dead mill past you, chasing some mirage, and often accompanied by a revenant that must have been disgorged from a Pachinko parlour. Blanched lilacs float in minarets of light beyond these bituminous quaggas, bidding the odd-toed ungulates in their psychotropic dernier cri and fuddy-duddies in theirstygian suits to sup here or buy over yonder: all tethered to their devices. One might be surprised that no cracks are forming at these arced crossings with strange requisitions folding into the hiemal air. And yet it is still more odd that so few people see this as a primped and pimped potter’s field, a graveyard for those who’ve lost their way. We’re living in an age where the multitude of the dead are pacing among us in perdurable trysts with other zombies.
The above text is from one of my unpublished works; again it speaks to me – and perhaps to you – about the quiddities of this age. There is a distinct sense of zombification taking place on the planet at the moment. Is your lineage that of Dolly, or are you magnificent and free?
Do you have any theories about who Satoshi is?
I don’t really, though I follow the haughty chit-chat at times, especially in the jejune forums LinkedIN provides. I think the person has a good reason to remain concealed (forever), but that is also a major factor why I have never fully trusted bitcoin as an investment proposition.
Keeping the provenance concealed suggests a number of things, none of them conducive to embracing bitcoin as a common form of payment.
What do you think about the prospects of gold in connection with the uncontrolled money printing by different Central Banks?
Gold is what BTC can never become, especially when its provenance remains totally unclear – as well as its likely endgame! Central Banks engage in quasi-criminal activity – and one hopes the future prudent regulator won’t be making it too difficult for people to hold gold bullion. The Perth Mint might be a splendid little dot on the global map, but beware of holding your assets in the form of gold coins: many governments will regard them as forms of payment, and may impose all manner of restrictions on the possession of it.
Let's dream a little. How stablecoins can be used after 5 years from now?
I believe the great RESET is coming – even Davos and the U.N. are alerting us to that. The Covid19 panic has been declared by more than 1500 German physicians as a “global Mafia-style deception”, and while Big Pharma and Bill Gates will likely earn trillions of dollars by the useless and potentially dangerous vaccines that will be foisted on “free” citizens, the finance system as a whole will need to be RESET. We are already receiving an inkling of how draconian and void of reason and concern for the people most governments of the world are reacting to a harmless lab-manufactured virus (virologist Prof Luc Montagnier, Nobel Laureate in medicine in 2008, said that), so it’s possible that regulators may become more tyrannical, and under some pretext or other forbid the use of alt-coins. STABLECOINS can be over-collateralized, allowing absorption of pricing fluctuations, but it will be hard to call. I believe many are bound to fail, and that even earlier, despite all their most valiant efforts: as soon as the RESET comes, which is likely to come with all manner of encumbrances. There are many reasons for the issuance of stablecoins, some having opposing views, but all are dependent on trust – and we don’tknow yet if digital currencies that governments will issue will by regulatory over-reach (including absurd compliance requirements) displace other contenders, but you can assume that the tyrannical forms of governance we are currently experiencing suggest that all kinds of skullduggery are possible.
Do you see the problem of fiat stablecoins in the fact that annual inflation constantly depreciates them? An investor who bought $1000 USDT now and sold these tokens in 10 years for $ 1000 will receive much less money.
The problem occurs if we’re converting things back into payment forms that are fundamentally flawed. Inflation and Black Swan events are the major threats to stablecoins, and tethered crypto-values to natively burdened propositions recalls my earlier idea that we have not yet cut the umbilical cord to bitcoin. On the other hand, stablecoins in their current flavour are perhaps best viewed as transitional schemata that will need later revisitation.
You are a very successful Crypto and ICO Advisor, what is the secret behind this success?
I’m not sure if I’m very successful, but I always try to shoot a straight ball. Here are two instances where my input has not been heeded in any way.
I recall one of the first ICOs I advised. I was sitting with the owner on a Telegram Channel, and after some power Q&A sessions online, we were literally hearing the millions of dollars tumble in neat digital hashes into the inbox within a couple of hours of the ICO opening. He had a bottle of Scotch on his table, and by the end of the session he had reached his hard cap and was besotted to boot! The age of digital money had placed the foolscap on his pate, but the script was no longer legible. I cannot determine if his sobriety ever returned. The prudential advice I had been giving him previously – and that we had discussed in great depth -- was over coming weeks thrown out of the window, and I assume other bottles of Scotch ended up on his desk and didn’t last long.
Here is another example. At one time a well-known ambitious individual in the U.S. cryptospace, a young lawyer, asked me if I wanted to start a crypto compliance organisation with him.
When I think of him now and the feathery assistants he congregated around him, I think of the lines in Dickens’s “Bleak House”: “Mr. Tangle’s learned friends, each armed with a little summary of eighteen hundred sheets, bob up like eighteen hammers in a pianoforte, make eighteen bows, and drop into their eighteen places of obscurity.”
Simply to continue serving wine from the same sour vats won’t do. I saw that as a prospective idea, and offered some important advice to get the ball rolling. Soon we had recruited many eager beavers to the exercise, and there was talk of it becoming an influential body. I was naïve enough to assume at the time that my co-founder, a black college asketballer with body tattoos who had a write-up in a major paper on account of his ambition and aggression, was actually interested in asking some fundamental revisionary questions about compliance in relation to the freedom of the citizen. When I suggested we don’t just copy the traditional compliance template and rather probe more deeply, he became insolent and very aggressive. That confirmed my instinct that most ambitious players in the crypto-space are actually dyed-in-the-wool bourgeois, and don’t care about improving the system itself.
What is your advice for upcoming Crypto startups and investors?
You might know the technology well, but do you know the business? Does it really deeply address, even solve, a problem? How much life experience do you have, and how well do you know the market? Can you create a market for your product or services? If yes, how will you do that? Have you only got yes-men around you, or are you willing to listen to those who speak Tacheles to you? If you’ve come to water the plant of your ego, your business will flounder. Most achievers keep their ego initially in check, and get the work done.
For investors the answer I would give is rather complex, but here’s a brief response: often the mandate of investors is very narrowly girded, and they trust their old boy networks, and rarely venture out and follow their instincts. That is foolish, and also the recipe for a dull life.
Perhaps a general observation that everybody might ponder with profit is the idea that we know really so very little of the world; that the news and information we are are offered and digest, even when it is tendered by so-called ‘experts’, is often seriously ignorant. It seems our perspective is getting narrower all the time, as if our mind is shrinking and we block out knowledge.
Let me give another current reference point. In 2020 everyone is fearful of viruses. Viruses currently have a bad rap! We have no idea what they actually are. We are always hobbling around with our fearful partisan gaze, and what is good today becomes bad tomorrow. Yet viruses are adroit and malleable messengers of inter-species DNA, in some sense regulating vast populations of organisms. Think of them as cellular simpletons: mere protein shells with few genes, but endowed with the ability to replicate easily despite their paucity of genetic instructions! They form alliances, you might say, with other forms of life. And they are deeply mysterious to our acquisitive and ignorant segmenting intelligence: how can the papillomavirus cause horns to grow on rabbits; and at the same time cause hundreds of thousands of cases of cervical cancer every year? Is one good and the other bad? It would seem so. Such simple summary, like Pinker’s reductionist view of the world, might becalm for a moment, but does not offer lasting satisfactions. To read the world along the axes of like and dislike, as the Buddha had warned us, leads to great suffering.
I’m told by someone who met Bill Gates a long time ago that the man was apparently even then obsessively fearful of viruses (imagine a pendant to Lady Macbeth, continually cleansing his hands). But do we have any clue what viruses actually are, and how they benefit us all in so many incalculable ways? When the child crawls around, it picks up antigens (bacteria and viruses) and on that basis builds its immune system. At various points of that contact and exchange new forms grow, and other forms decay and die. Like CO2, viruses are suddenly declared dangerous and that we need to shield ourselves against them. Yet how many people know that marine phages rule the world, and rule the sea? This was not discovered until 1986. An electron microscope showed that every litre of seawater contained up to one hundred billion viruses, almost as much in dollars as BillGates expects to make off vaccines in 2020. If you put these viruses end to end, they would stretch out forty-two million light-years! Viruses offer stunning genetic variety, and they are the very pulse of life! When viruses swallow oceanic microbes, they release a billion tons of carbon every day: imagine squalls of marine snowfalls, powdering the porous sand of the deep. Imagine the white nights of St Petersburg under water, celebrating the magic of life with the same skill and abandon as the Mariinsky Theatre, to an audience of gastropods, deep-water fish and lovelorn mermaids.
Seamus Heaney, when he passed in 2013, spoke the word Noli timere (“Do not fear”) to his wife as he breathed his last. Instead of being fearful, we might do well to assert that we understand nothing of the manifold wonders of this world! Let us cultivate the virtue of wonderment, and fear will find no habitation in our house:
And lonely as it is that loneliness Will be more lonely ere it will be less— A blanker whiteness of benighted snow With no expression, nothing to express.
They cannot scare me with their empty spaces Between stars—on stars where no human race is. I have it in me so much nearer home To scare myself with my own desert places.
Website : https://gold.storage/ Whitepaper: https://gold.storage/wp.pdf
Follow us on social media: Twitter: https://twitter.com/gold_erc20 Telegram: https://t.me/digitalgoldcoin Steemit: https://steemit.com/@digitalgoldcoin Reddit: https://www.reddit.com/golderc20/ Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
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Subreddit Stats: btc top posts from 2019-01-06 to 2020-01-05 11:19 PDT

Period: 363.85 days
Submissions Comments
Total 1000 86748
Rate (per day) 2.75 237.19
Unique Redditors 317 7747
Combined Score 194633 356658

Top Submitters' Top Submissions

  1. 31014 points, 162 submissions: Egon_1
    1. Vitalik Buterin to Core Maxi: “ok bitcoiner” .... (515 points, 206 comments)
    2. These men are serving life without parole in max security prison for nonviolent drug offenses. They helped me through a difficult time in a very dark place. I hope 2019 was their last year locked away from their loved ones. FreeRoss.org/lifers/ Happy New Year. (502 points, 237 comments)
    3. "It’s official Burger King just accepted Bitcoin Cash and GoC token as a payment option in Slovenia." (423 points, 112 comments)
    4. "HOLY SATOSHI! 😱😱 I did it! A smart card that produces valid BitcoinCash signatures. Who would love to pay with a card—to a phone?? Tap took less than a second!👟..." (368 points, 105 comments)
    5. Chrome 'Has Become Surveillance Software. It's Time to Switch' -> Brave to support BCH! (330 points, 97 comments)
    6. Gavin Andresen (2017): "Running a network near 100% capacity is irresponsible engineering... " (316 points, 117 comments)
    7. "Evidently @github has banned all the Iranian users without an ability for them to download their repositories. A service like Github must be a public good and must not be controlled by a centralized entity. Another great example of why we as a society need to make web3 a reality" (314 points, 117 comments)
    8. Roger Ver: "Bitcoin Cash acceptance is coming to thousands of physical shops in Korea" (313 points, 120 comments)
    9. Paul Sztorc: “Will people really spend $70-$700 to open/modify a lightning channel when there's an Altcoin down the street which will process a (USD-denominated) payment for $0.05 ? Many people seem to think yes but honestly I just don't get it” (306 points, 225 comments)
    10. Food For Thought (303 points, 105 comments)
  2. 29021 points, 157 submissions: MemoryDealers
    1. Bitcoin Cash is Lightning Fast! (No editing needed) (436 points, 616 comments)
    2. Brains..... (423 points, 94 comments)
    3. Meanwhile in Hong Kong (409 points, 77 comments)
    4. Ross Ulbricht has served 6 years in federal prison. (382 points, 156 comments)
    5. Just another day at the Bitcoin Cash accepting super market in Slovenia. (369 points, 183 comments)
    6. Why I'm not a fan of the SV community: My recent bill for defending their frivolous lawsuit against open source software developers. (369 points, 207 comments)
    7. History Reminder: (354 points, 245 comments)
    8. It's more decentralized this way. (341 points, 177 comments)
    9. The new Bitcoin Cash wallet is so fast!!!!! (327 points, 197 comments)
    10. The IRS wants to subpoena Apple and Google to see if you have downloaded crypto currency apps. (324 points, 178 comments)
  3. 6909 points, 37 submissions: BitcoinXio
    1. Tim Pool on Twitter: “How the fuck are people justifying creating a world like the one's depicted in Fahrenheit 451 and 1984? You realize that censorship and banning information was a key aspect of the dystopian nightmare right?” (435 points, 75 comments)
    2. The creator of the now famous HODL meme says that the HODL term has been corrupted and doesn’t mean what he intended; also mentions that the purpose of Bitcoin is to spend it and that BTC has lost its value proposition. (394 points, 172 comments)
    3. Erik Voorhees on Twitter: “I wonder if you realize that if Bitcoin didn’t work well as a payment system in the early days it likely would not have taken off. Many (most?) people found the concept of instant borderless payments captivating and inspiring. “Just hold this stuff” not sufficient.” (302 points, 66 comments)
    4. Bitfinex caught paying a company to astroturf on social media including Reddit, Twitter, Medium and other platforms (285 points, 86 comments)
    5. WARNING: If you try to use the Lightning Network you are at extremely HIGH RISK of losing funds and is not recommended or safe to do at this time or for the foreseeable future (274 points, 168 comments)
    6. Craig Wright seems to have rage quit Twitter (252 points, 172 comments)
    7. No surprise here: Samson Mow among other BTC maxi trolls harassed people to the point of breakdown (with rape threats, etc) (249 points, 85 comments)
    8. On Twitter: “PSA: The Lightning Network is being heavily data mined right now. Opening channels allows anyone to cluster your wallet and associate your keys with your IP address.” (228 points, 102 comments)
    9. btc is being targeted and attacked, yet again (220 points, 172 comments)
    10. Brian Armstrong CEO of Coinbase using Bitcoin Cash (BCH) to pay for food, video in tweet (219 points, 66 comments)
  4. 6023 points, 34 submissions: money78
    1. BSV in a nutshell... (274 points, 60 comments)
    2. There is something going on with @Bitcoin twitter account: 1/ The URL of the white paper has been changed from bitcoin.com into bitcoin.org! 2/ @Bitcoin has unfollowed all other BCH related accounts. 3/ Most of the posts that refer to "bitcoin cash" have been deleted?!! Is it hacked again?! (269 points, 312 comments)
    3. "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow." (262 points, 130 comments)
    4. Jonathan Toomim: "At 32 MB, we can handle something like 30% of Venezuela's population using BCH 2x per day. Even if that's all BCH ever achieved, I'd call that a resounding success; that's 9 million people raised out of poverty. Not a bad accomplishment for a hundred thousand internet geeks." (253 points, 170 comments)
    5. Jonathan Toomim: "BCH will not allow block sizes that are large enough to wreak havoc. We do our capacity engineering before lifting the capacity limits. BCH's limit is 32 MB, which the network can handle. BSV does not share this approach, and raises limits before improving actual capacity." (253 points, 255 comments)
    6. What Bitcoin Cash has accomplished so far 💪 (247 points, 55 comments)
    7. Which one is false advertising and misleading people?! Bitcoin.com or Bitcoin.org (232 points, 90 comments)
    8. A message from Lightning Labs: "Don't put more money on lightning than you're willing to lose!" (216 points, 118 comments)
    9. Silk Road’s Ross Ulbricht thanks Bitcoin Cash’s [BCH] Roger Ver for campaigning for his release (211 points, 29 comments)
    10. This account just donated more than $6600 worth of BCH via @tipprbot to multiple organizations! (205 points, 62 comments)
  5. 4514 points, 22 submissions: unstoppable-cash
    1. Reminder: bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" (436 points, 89 comments)
    2. Peter R. Rizun: "LN User walks into a bank, says "I need a loan..." (371 points, 152 comments)
    3. It was SO simple... Satoshi had the answer to prevent full-blocks back in 2010! (307 points, 150 comments)
    4. REMINDER: "Bitcoin isn't for people that live on less than $2/day" -Samson Mow, CSO of BlockStream (267 points, 98 comments)
    5. "F'g insane... waited 5 hrs and still not 1 confirmation. How does anyone use BTC over BCH BitcoinCash?" (258 points, 222 comments)
    6. Irony:"Ave person won't be running LN routing node" But CORE/BTC said big-blocks bad since everyone can't run their own node (256 points, 161 comments)
    7. BitPay: "The Wikimedia Foundation had been accepting Bitcoin for several years but recently switched pmt processors to BitPay so they can now accept Bitcoin Cash" (249 points, 61 comments)
    8. FreeTrader: "Decentralization is dependent on widespread usage..." (195 points, 57 comments)
    9. The FLIPPENING: Fiat->OPEN Peer-to-Peer Electronic Cash! Naomi Brockwell earning more via BitBacker than Patreon! (193 points, 12 comments)
    10. LN Commentary from a guy that knows a thing or 2 about Bitcoin (Gavin Andresen-LEAD developer after Satoshi left in 2010) (182 points, 80 comments)
  6. 3075 points, 13 submissions: BeijingBitcoins
    1. Last night's BCH & BTC meetups in Tokyo were both at the same restaurant (Two Dogs). We joined forces for this group photo! (410 points, 166 comments)
    2. Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash! (354 points, 62 comments)
    3. WSJ: Bitfinex Used Tether Reserves to Mask Missing $850 Million, Probe Finds (348 points, 191 comments)
    4. Bitcoiners: Then and Now [MEME CONTEST - details in comments] (323 points, 72 comments)
    5. I'd post this to /Bitcoin but they would just remove it right away (also I'm banned) (320 points, 124 comments)
    6. So this is happening at the big protest in Hong Kong right now (270 points, 45 comments)
    7. /Bitcoin mods are censoring posts that explain why BitPay has to charge an additional fee when accepting BTC payments (219 points, 110 comments)
    8. The guy who won this week's MillionaireMakers drawing has received ~$55 in BCH and ~$30 in BTC. It will cost him less than $0.01 to move the BCH, but $6.16 (20%) in fees to move the BTC. (164 points, 100 comments)
    9. The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there. (153 points, 12 comments)
    10. Two Years™ is the new 18 Months™ (142 points, 113 comments)
  7. 2899 points, 18 submissions: jessquit
    1. Oh, the horror! (271 points, 99 comments)
    2. A few days ago I caught flak for reposting a set of graphs that didn't have their x-axes correctly labeled or scaled. tvand13 made an updated graph with correct labeling and scaling. I am reposting it as I promised. I invite the viewer to draw their own conclusions. (214 points, 195 comments)
    3. Do you think Bitcoin needs to increase the block size? You're in luck! It already did: Bitcoin BCH. Avoid the upcoming controversial BTC block size debate by trading your broken Bitcoin BTC for upgraded Bitcoin BCH now. (209 points, 194 comments)
    4. Master list of evidence regarding Bitcoin's hijacking and takeover by Blockstream (185 points, 113 comments)
    5. PSA: BTC not working so great? Bitcoin upgraded in 2017. The upgraded Bitcoin is called BCH. There's still time to upgrade! (185 points, 192 comments)
    6. Nobody uses Bitcoin Cash (182 points, 88 comments)
    7. Double-spend proofs, SPV fraud proofs, and Cashfusion improvements all on the same day! 🏅 BCH PLS! 🏅 (165 points, 36 comments)
    8. [repost] a reminder on how btc and Bitcoin Cash came to be (150 points, 102 comments)
    9. Holy shit the entire "negative with gold" sub has become a shrine devoted to the guilded astroturfing going on in rbtc (144 points, 194 comments)
    10. This sub is the only sub in all of Reddit that allows truly uncensored discussion of BTC. If it turns out that most of that uncensored discussion is negative, DON'T BLAME US. (143 points, 205 comments)
  8. 2839 points, 13 submissions: SwedishSalsa
    1. With Bitcoin, for the first time in modern history, we have a way to opt out. (356 points, 100 comments)
    2. In this age of rampant censorship and control, this is why I love Bitcoin. (347 points, 126 comments)
    3. The crypto expert (303 points, 29 comments)
    4. Satoshi reply to Mike Hearn, April 2009. Everybody, especially newcomers and r-bitcoin-readers should take a step back and read this. (284 points, 219 comments)
    5. Bitcoin Cash looking good lately. (235 points, 33 comments)
    6. Roger Ver bad (230 points, 61 comments)
    7. History of the BTC scaling debate (186 points, 54 comments)
    8. MFW i read Luke Jr wants to limit BTC blocks to 300k. (183 points, 116 comments)
    9. Meanwhile over at bitcoinsv... (163 points, 139 comments)
    10. Listen people... (155 points, 16 comments)
  9. 2204 points, 10 submissions: increaseblocks
    1. China bans Bitcoin again, and again, and again (426 points, 56 comments)
    2. China bans Bitcoin (again) (292 points, 35 comments)
    3. Bitcoin Cash Network has now been upgraded! (238 points, 67 comments)
    4. So you want small blocks with high fees to validate your own on chain transactions that happen OFF CHAIN? (212 points, 112 comments)
    5. It’s happening - BTC dev Luke jr writing code to Bitcoin BTC codebase to fork to lower the block size to 300kb! (204 points, 127 comments)
    6. Former BTC maximalist admits that maxi's lied cheated and stealed to get SegWit and Lightning (201 points, 135 comments)
    7. Just 18 more months to go! (172 points, 86 comments)
    8. Bitcoin Cash ring - F*CK BANKS (167 points, 51 comments)
    9. LTC Foundation chat leaked: no evidence of development, lack of transparency (155 points, 83 comments)
    10. A single person controls nearly half of all the Lightning Network’s capacity (137 points, 109 comments)
  10. 2138 points, 12 submissions: JonyRotten
    1. 'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright (309 points, 165 comments)
    2. 200,000 People Have Signed Ross Ulbricht's Clemency Petition (236 points, 102 comments)
    3. Street Artist Hides $1,000 in BTC Inside a Mural Depicting Paris Protests (236 points, 56 comments)
    4. Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit (189 points, 66 comments)
    5. Ross Ulbricht Clemency Petition Gathers 250,000 Signatures (163 points, 24 comments)
    6. Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders (160 points, 50 comments)
    7. Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored (155 points, 44 comments)
    8. California City Official Uses Bitcoin Cash to Purchase Cannabis (151 points, 36 comments)
    9. Money Transmitter License Not Required for Crypto Businesses in Pennsylvania (141 points, 9 comments)
    10. McAfee to Launch Decentralized Token Exchange With No Restrictions (137 points, 35 comments)

Top Commenters

  1. jessquit (16708 points, 2083 comments)
  2. Ant-n (7878 points, 1517 comments)
  3. MemoryDealers (7366 points, 360 comments)
  4. Egon_1 (6205 points, 1001 comments)
  5. 500239 (5745 points, 735 comments)
  6. BitcoinXio (4640 points, 311 comments)
  7. LovelyDay (4353 points, 457 comments)
  8. chainxor (4293 points, 505 comments)
  9. MobTwo (3420 points, 174 comments)
  10. ShadowOfHarbringer (3388 points, 478 comments)

Top Submissions

  1. The perfect crypto t-shirt by Korben (742 points, 68 comments)
  2. The future of Libra Coin by themadscientistt (722 points, 87 comments)
  3. when you become a crypto trader... by forberniesnow (675 points, 54 comments)
  4. A Reminder Why You Shouldn’t Use Google. by InMyDayTVwasBooks (637 points, 209 comments)
  5. Imagine if in 2000 Apple just sat around all day shit-talking Microsoft. Apple would have never gone anywhere. Apple succeeded because they learned from their mistakes, improved, and got better. BCH should do the same. by guyfawkesfp (552 points, 255 comments)
  6. Bitcoin made The Simpsons intro! Sorry for the potato quality by Johans_wilgat (521 points, 44 comments)
  7. Vitalik Buterin to Core Maxi: “ok bitcoiner” .... by Egon_1 (515 points, 206 comments)
  8. Can't stop won't stop by Greentoboggan (514 points, 78 comments)
  9. These men are serving life without parole in max security prison for nonviolent drug offenses. They helped me through a difficult time in a very dark place. I hope 2019 was their last year locked away from their loved ones. FreeRoss.org/lifers/ Happy New Year. by Egon_1 (502 points, 237 comments)
  10. Blockchain? by unesgt (479 points, 103 comments)

Top Comments

  1. 211 points: fireduck's comment in John Mcafee on the run from IRS Tax Evasion charges, running 2020 Presidential Campaign from Venezuela in Exile
  2. 203 points: WalterRothbard's comment in I am a Bitcoin supporter and developer, and I'm starting to think that Bitcoin Cash could be better, but I have some concerns, is anyone willing to discuss them?
  3. 179 points: Chris_Pacia's comment in The BSV chain has just experienced a 6-block reorg
  4. 163 points: YourBodyIsBCHn's comment in I made this account specifically to tip in nsfw/gonewild subreddits
  5. 161 points: BeijingBitcoins's comment in Last night's BCH & BTC meetups in Tokyo were both at the same restaurant (Two Dogs). We joined forces for this group photo!
  6. 156 points: hawks5999's comment in You can’t make this stuff up. This is how BTC supporters actually think. From bitcoin: “What you can do to make BTC better: check twice if you really need to use it!” 🤦🏻‍♂️
  7. 155 points: lowstrife's comment in Steve Wozniak Sold His Bitcoin at Its Peak $20,000 Valuation
  8. 151 points: kdawgud's comment in The government is taking away basic freedoms we each deserve
  9. 147 points: m4ktub1st's comment in BCH suffered a 51% attack by colluding miners to re-org the chain in order to reverse transactions - why is nobody talking about this? Dangerous precident
  10. 147 points: todu's comment in Why I'm not a fan of the SV community: My recent bill for defending their frivolous lawsuit against open source software developers.
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

How Prices are Formed - We All Seem to be Confused

I've been perusing the sub lately, and I see people debating about how the price of Bitcoin is generated. People are getting into arguments saying that scarcity generates the price, and others saying that the inherent value of Bitcoin determines its price.
This is insane and it needs to be cleared up. If you'd like to learn more, beyond what I write here, check out the millions of free hours of lectures, videos, articles, and books available at Mises.org
What I write will be a rather crude representation of very detailed ideas that you can learn more about at Mises.org.
1) Nothing has inherent value.
Sorry, inherent value doesn't exist.
Humans flush shit down the toilet, while flies swim to it for a buffet (to further prove the point, research "nightsoil");
Drawing modern-day hentai-porn takes just about as much effort as the original painting of Mona Lisa, yet one sells for millions while the other is available for free online;
Up until as late as 150 years ago, one of the most valuable things to our economy today - oil - was seen as a horrific nuisance. Farmers would wake up one day and have black goo ruin their crops and they wouldn't be able to sell their farms because no one wanted it - their lives were ruined. Now, decade-long wars are fought for control over it;
Water is the most important substance on the planet for life, yet giant cities with millions of people are built in deserts and the stuff is handed out for free, and even pumped full of chlorine and used in fountains.
Nothing has inherent value.
2) All value is subjective.
All value is in the eye of the beholder.
This is a loaded statement and has a lot of information packed into it, so let's break it down into a few sub-sections
2.A.) Humans have goals
Humans have goals - they recognize that their lives could be better in the future than it is now, and they can contemplate a way to achieve that better life.
2.A.a) This means time exists and it moves forward
If our lives suck now, and we can imagine - and actually accomplish - a way to make it better, then time must exist.
2.A.b) This means that "things now" are more valuable than "things later"
No one wants to have a shitty life at any point of their life. Thus, ending suffering immediately - or pre-emptively avoiding suffering - is preferred to ending suffering later
(Psst: this is why "loans" and "interest rates" exist)
2.B) Not everyone's goals are the same
Many of our goals are the same, but not all of them. Some people desire to become gods of the universe, some just want to make cartoons for a living, and others would rather be non-stop strung out on drugs.
2.B.b) People can trade! (Provided private property exists)
If we all have different tastes, then I don't mind giving you a peanut butter sandwich in exchange for a turkey one. Children will begin trading after Trick-Or-Treat because Sally likes Twix, while Jimmy likes Kit-Kats.
Trading can only happen when the parties involved both agree to do so. It is, per se, always viewed as profitable before the trade happens. Barring fraud and horrible accidents, everyone always benefits from voluntary trade by definition. This is why socialism ALWAYS fails. Sorry, kids: Socialism IS death.
2.B.b.a) Trading is difficult
If you have a chicken, and want pickles, you're a chicken-having-pickle-wanter. You'll need to find someone with pickles who wants chickens, a pickle-having-chicken-wanter. (Thanks to Walter Block for this fun phrase)
This is difficult and really stifles the development of an economy. How many farmers need A.I. technologies for Google Cloud Services? None, that's how many. Thus, A.I. can't be developed because the programmers would starve (or, at least, there would be a strong incentive to NOT be a programmer).
2.B.b.a.a) A common medium of exchange facilitates trade
Money makes trading easier! People have goals, and so do other people, but their goals might not correlate and so countless professions are unsustainable. People eventually see that they can obtain these other professions if they simply create a local medium of exchange (money). Everyone is better off with money.
2.B.c) People's goals and desires are revealed through action, not speech.
Liars exist. People might say they want to be the world's best Oncologist, but they spend all their time playing League of Legends. It sucks, but, the person reveals that, indeed, they want to vegetate in front of their computer.
Bitcoin's Subjective Value comes from the fact that PEOPLE WITH THE GOAL OF HAVING STABLE MONEY OBSERVE THAT (a) money can be used to ease trade, (b) paper monies are completely controlled by sadistic megalomaniacs, (c) precious metals are too heavy and difficult to hide to travel around the globe easily, (d) and Bitcoin is a money that doesn't have these problems. Thus, the goal of having a stable, free, uncontrolled, worldwide money can be accomplished via Bitcoin. THIS is why Bitcoin has VALUE - people GIVE it value via its ability to help them achieve their goals.
3) Value alone doesn't generate prices - It takes two to tango
Prices are generated via a sort of auction system. If I have a tomato, I can go to a market and start yelling that I want to sell a tomato. The people in the market who view the tomato as a means to achieve their goals will then begin bidding on how much to pay for the tomato.
As they bid, the bidders one by one drop out as the price becomes too high for them.
4) Many products are fungible
When you buy 3 turkey sandwiches from the same store in the same order, they're largely the same. Even though the lettuce on each sandwich might have come from different heads of lettuce, the onion slices might have come from different onions, the tomato slices might have come from different tomatoes, the bottle of oil or mayo might have run out half way through the second sandwich and had to be replaced by another bottle, or the person making one sandwich might have been different from the person making the other sandwiches...
...they're still pretty much the same sandwiches.
They're fungible.
4.A) We use products for what we think are our most important goals first.
If you're on a small island alone, and you know you'll be saved in a week, and you have 20 gallons of water, you'll put aside 10 gallons (or so) for drinking, and use the rest for bathing, watering plants, or whatever else.
However, if a storm comes through and destroys 5 of the 10 gallons you set aside for drinking (so now you have 5 for drinking, and 10 for "other"), you don't have to worry about dehydration. You'll just reassign 5 of the "other" water gallons into "drinking" gallons. After all, they're all fungible, and 'watering plants' is a less important goal than 'drinking and living'.
(Thus, disasters are NOT good for the economy)
4.A.a) The more we have of something, the less each individual thing is worth to us
If you only really "need" 5 pencils for the year, and you "want" an emergency 10 pencils just in case... but you have 500 pencils, then you won't even bother to pick up a pencil if you drop it on the floor. Why bother? You'd have to go through 2 every day to actually be worried about running out.
Indeed, after the first 100 pencils, they're largely a nuisance. Thus, pencils #101 through #500 are pretty much worthless to you.
However, your neighbors might need some pencils, so you'd be willing to sell them. Even though the pencils are worthless to you, your neighbors are willing to bid up the price to buy them off you.
This is why "Greater Supply leads to Lower Prices" -- If all 30 people in your neighborhood only need/want 20 pencils each, but you have 50,000,000 of them to sell, people don't need to bid very high to convince you to sell one. Hell, you might just give them out for free.
We've literally just used the phrase "people have goals and act to achieve them" to deduce the laws of Supply and Demand.
This is how the price of everything is determined: you have more of something than you feel you need, and you're willing to trade the left-over things for something else; AND someone else wants that thing, and is willing to trade FOR the left-over things with his something else.
*A price is NOTHING more than "What someone is willing to give you for whatever it is that you own". *
The amount of Bitcoin is the amount of Bitcoin, and people with goals will assign a value to it, and this value will run into other people's valuation of it, which will eventually, on an open, free market, generate a price of it.
Again, if you want to learn how REAL economics works, or just get your teeth whet, hop over to Mises.org where you can learn economics in EASY TO UNDERSTAND terms.
If it weren't for Ron Paul waking me up in 2007 and pointing me to Mises.org and Austrian Economics, I wouldn't have ever thought about Bitcoin as anything serious.
And remember kids: Socialism IS death.
submitted by EvanGRogers to Bitcoin [link] [comments]

AMA Recap: DBCrypto and 8BTC

AMA Recap: DBCrypto and 8BTC
AMA Recap: DBCrypto and 8BTC
by bloXroute Team (Original post here)
https://preview.redd.it/wofpz6u4s4m21.png?width=1200&format=png&auto=webp&s=130a488552c9485affdc14a08f8f8a49c6b48cb8
This past month the bloXroute team participated in 2 AMA’s. Our Co-Founder Professor Emin Gün Sirer synced up with our Chinese-speaking community on the 8BTC Forum, and our Co-Founder and Chief Architect Professor Aleksandar Kuzmanovic, Strategy & Operations Manager Eleni Steinman, and Marketing Associate Brooke Walter connected with blockchain enthusiasts on the DBCrypto Telegram group.
There were many great questions asked so we wanted to share our answers with the rest of our community on Medium. For some of the questions, we expanded upon our answers and edited for clarity and brevity.
The questions are organized into four sections: Tech, BLXR, General, and the Blockchain Ecosystem.

Tech

Can someone explain the “magic gateways” a little more? Is this patented and closed source tech?
  • “Magic gateway” is a small piece of code that sits on a machine running a blockchain node with one side speaking the blockchain “language” with the node, and on the other side speaking bloXroute “language” with our Relays. It also shrinks blocks from the nodes to the Relays, propagates transactions etc. Yes this has been patented for a simple reason — the work was initially done at a University, hence we had to license (our own work) from the University. That’s how it works. While we patented the system, we are going to open source the Gateways.
When will the source code be released?
  • The source code for the Gateway software will become available from Day 1, i.e., as soon as we start testing with miners. The source code for the rest of the system, i.e., Relays, will become available soon after.
From reading the whitepaper it seems as though on-boarding bloXroute can take a bottom up approach. I.e. it sounds like crypto miners can start using the bloXroute network right away, without needing to integrate software into the bloXroute servers or get any approval from the developers of the crypto project? Is this right?
  • That’s right! Any miner can start using bloXroute on its own without any approval. We will provide open source code that miners download, we call magic gateways, that is run on the same machine they mine on. Miners send blocks to the gateway like they would any other peer node. And that’s it. Since bloXroute BN lets you hear about and send blocks faster, miners who use it are obviously at an advantage.
Will the blockchain be able to test bloXroute’s net neutrality? If yes, how? Will bloXroute’s net neutrality testing ability be on the developer or miner level?
  • Certainly! Net neutrality is at the heart of bloXroute, and something I am personally passionate about. Net neutrality mechanisms (please see the WP for details) will be enabled from day one. Everyone, including miners and developers, will be able to test, in real time, bloXroute’s network and its behavior.
How can bloXroute be decentralized and trustless? Does it rely on servers? If we can’t find a better way to solve block propagation problems other than bloXroute, then obviously nodes (especially mining nodes)have to completely rely on bloXroute. If bloXroute has any problems, the whole network will be at risk.
  • Excellent question that gets to the heart of bloXroute’s core contribution. bloXroute is a unique solution that is *centralized yet trustless*. It consists of a network of servers operated very efficiently by a centralized entity — this is how it achieves its high performance. At the same time, the technology is constructed such that these servers *cannot* misbehave. They cannot discriminate on the basis of transaction content, and they cannot selectively censor. So, the overall network is efficient because it’s centralized, like Akamai’s content distribution network, and it’s also trustless, like Bitcoin’s underlying network. Also, by open-sourcing our entire codebase (once the system reaches some maturity) we enable everyone to run a backup network to take over in case bloXroute is shut down by any means, preventing it from becoming a single-point-of-failure.
Also, I remember that ‘bloXroute will keep neutrality by encrypting blocks’, but what if somebody uses bloXroute to send spam? Will it be a problem?
  • Indeed, we have implemented various measures to handle the spam issue. In particular, the bloXroute network keeps and propagates provenance information, allowing the system to limit the traffic a node sends based on their usage of the system. Keep in mind that all large networks, whether it’s Google’s, Facebook’s or Akamai’s, are under constant spam attacks. We use well-established techniques from that domain to ensure that spammers can be efficiently identified and limited.
What is a sufficient number of servers?
  • Our V1 is going to have around 15 servers on 5 continents, roughly. Blockchain traffic currently isn’t particularly large. We hope to change that!
Is it advantageous for miners to be in relative close proximity to a BloXroute server?
  • Yes. But the difference is very small. A really dramatic difference will be between bloXroute-enabled vs. non-bloXroute enabled miners.
Could you elaborate on the servers a bit more? I heard Uri talking about utilizing trusted organisations to do this. I know my concern is that this may create some level of centralised power.
  • We are fully aware of this concern. This is why we are making sure to utilize a large number of independent providers. This is creating a lot of operational issues on our end (because different providers use different software environments) but this is a top priority for us.
How quickly will idle backup networks be operational/online in the case of a main bloxroute network fatal failure? Does this backup network set-up require some work/adjustments on the client/nodes side?
  • The backup will be automatic, such that the effects of a possible failure on the mainnet is minimized. Given that the process will be automatic, no adjustments will be needed on the client side.
Have you established an “ideal” number of independent providers to reduce such concerns? Or is this something still being established?
  • There’s no magic number, the more the better!
I assume having servers in different geographical regions is important. The EU for example could outlaw BloXroute servers. I assume it would be way too expensive for a regular person to setup a BloXroute server?
  • I am hopeful the EU would not do that! :) But the point is that even in absence of servers in a particular region, things can still work pretty well for users in that region.
If that was the case, will they be disadvantaged as the message will need to be relayed further?
  • Necessarily so. But the system would still be operational, and would be able to operate at a fairly high TPS rate.
From both a tech and adoption level, what are some of the biggest difficulties bloXroute faces?
  • Technical difficulties are present on a daily basis, but we are coping with them. As a technical person, I simply know we will resolve them all. I am also convinced that a number of blockchain communities will adopt our system. But if you ask what a bigger challenge is, I think adoption.

BLXR

Does bloXroute have native tokens? If yes, when will the tokens be released? Is it an ERC20 token? Will it be listed on exchanges? What can the tokens do on your network?
  • Yes, bloXroute will have BLXR tokens, which will be listed on exchanges. The BLXR tokens are security tokens that entitle the holder to a share of the revenues of the company. Of every future dollar that bloXroute makes, a proportion goes into a pot, and this pot is divided among the BLXR holders. Think of it as instant, auditable dividends in perpetuity. And BLXR tokens thus act like a fund, where the fund’s contents change over time to track whichever coins are using bloXroute more. If BCH miners use bloXroute, BLXR will have more BCH in it; if ETH adopts bloXroute, then it’ll swing towards ETH, etc. So the tokens can serve as a blanket bet on adoption and use of cryptocurrencies, kind of like how Akamai was a play on Internet content being in demand. I will leave it up to the company to announce its projected dates. I’m focusing mainly on the technology behind the scenes.
Is it correct that you plan to go down the STO path or simply the security token path and the BLXR will be a security token?
  • Yes, BLXR is a security token. The good thing is that we’re clear about this from the very beginning. Hence we were able to cope with regulations on time.
When do you plan to do the STO?
  • Our team of lawyers is working very closely with the SEC to take all of the required steps to ensure everything we do is in compliance with regulations. We hope to have all necessary approvals for an STO in Q3 / Q4 2019.
That’s really great that you’ve been working with the SEC. Does that mean you plan to sell the BLXR token to American citizens?
  • We hope that to do as wide of a sale as possible, so not just Americans.
How does this work? What jurisdiction have you chosen to setup this token etc? Or is this all still being figured out?
  • It has to do with the regulation you file under. Some regulations require that you only raise from accredited investors and others let you raise from anyone.
Will accredited investors only be able to participate in the the BLXR token sale or is there a plan to try an include non-accredited investors as well?
  • The plan is to make it as wide of a sale as regulation allows. We (our lawyers) are working hard so it’s not just accredited investors.
You have recently changed your BLXR security token from 50% revenue reserve model to 100% revenue direct dividend model. How direct will it be? In what time frame or frequency will BLXR token holders will receive their pro rata share of collected revenues to their wallets?
  • 100% of the fees associated with the cryptocurrencies using bloXroute’s BDN become immediately available for withdrawal by BLXR token holders. Right now the plan is for a calculation to run once every 24-hours to update what we call an “Owner balance” — this is how much crypto is available for withdrawal for a given BLXR holder based on their pro-rata share. To withdraw one’s dividends, a BLXR holder must provide a wallet address in the same currency as the crypto they wish to withdraw. The owner balance will then instantly update to reflect this outflow.
How will bloXroute operations be covered in this new direct dividend model?
  • In the new model 100% of the revenues will go to token holders. bloXroute, as a token holder, can use the revenues it receives for its ownership portion to fund operations.
With BLXR being an ERC-20 token, does Bloxroute plan to set up the benefits of the token (accumulation of relative % of fees for projects using the network) so that it can be accumulated by the owner whilst also possibly locking BLXR in a MarkerDao CDP?
  • Dividends will accumulate in a reserve account and be available for withdraw. Our current plan is for Owner Balances to be updated every 24 hours. BLXR holders can transfer their dividends to their wallets and use them as they wish. :)

General

I understand that one of the benefits of bloxroute for the ecosystem is users will have a much lower fee to pay for their transactions. Will users be able to get this much-lower-fee benefit from bloxroute only through wallet(s) they use by choosing to pay a *tiny* fee to bloxroute instead of a *large* fee to miners or can they also get that benefit in some other way?
  • To start, users can use bloXroute immediately as the first 100 TPS are always free. Only after 100 TPS can a user choose to pay bloXroute a tiny fee to reduce her overall fee (albeit a user would only choose to pay bloXroute if this is true). All users benefit from bloXroute on day one as the first 100 TPS are always free. Users do not have to use wallets that partner with bloXroute to take advantage of the fee reduction service, but it’ll certainly be the most streamlined method. Any user that knows bloXroute’s public address can include in their transaction an additional output that pays bloXroute’s public address to reduce her overall fee.
Typically, how many X tps improvement should we see for the various major blockchains that bloXroute will target?
  • We are targeting approximately 3,000 TPS for Bitcoin and Ethereum.
In terms of technology, what is bloXroute’s core competitiveness? How many people are on your team?
  • Our core competencies are as follows: (1) we have some of the world’s foremost experts on blockchain and network scaling, (2) we have innovated across all aspects of the emerging blockchain stack in the past and bring that experience to bear on the chain scaling problem, and (3) we are the first group to identify Layer-0 as a scalability bottleneck, the first to apply network neutrality techniques to blockchains, and thus the group with the most extensive track record on how to build efficient and trustless systems. The team is just over 20 employees, it is hard to keep track now because, in addition to our headquarters in Chicago, we also have a satellite office in Tel Aviv, Israel and two need employees start this week. We are currently building our platform. Though the core of the platform has been in operation for 2.5 years already on the BTC and BCH networks, we are extending it to other systems, e.g. ETH, and adding new features.
How does bloXroute’s solution work on different blockchain networks?
  • bloXroute’s solution has been operating continuously for the last 2.5 years. In that time frame, it has been deployed on Bitcoin (BTC) and Bitcoin Cash (BCH). It has ferried every transaction and every block found in that time frame. To this, we recently added the ability to support Ethereum. And we recently announced a partnership with a large miner. In all of these cases, bloXroute provides an additional fast-path to existing coins for the delivery of financial data, just like Akamai added a fast path for the delivery of regular content on the Internet. It’s optional, opt-in, and completely voluntary. It’s just a faster way to deliver blocks and transactions. In return for ferrying this financial data, bloXroute collects transaction fees, and BLXR tokens receive these collected feeds.
With bloXroute already forming a partnerships with mining companies, do you plan to establish more relationships with similar organisations? If so, given the obvious concerns about the environmental impact of traditional mining, does bloXroute aim to establish/support relationships with mining companies who utilise renewable and sustainable energy?
  • We hope to establish relationships with all miners :) In regards to environmental concerns, our BDN actually helps miners more efficiently utilize their power consumption. Since miners hear about blocks sooner, they can immediately start mining the next block, and thus more efficiently utilizing their resources.
When will you start v1 testing with miners?
  • Early to mid March.
Will the v1 testing be predefined (for preselected miners/mining pools) or it will be possible to join the testing on the go? How can a miner apply for the testing?
  • Yes, the V1 testing will happen with a predefined group of miners. If you’d like to join, please send me an email ([[email protected]](mailto:[email protected])) and I’ll follow up.
Will the v1 testing be with one or with multiple blockchains? Will there be BTC and/or ETH miners in the v1 test pool?
  • It will be with multiple blockchains and yes, we connect with both BTC and ETH (and BCH) miners in V1.
Will bloXroute produce better results (TPS) for PoW or for PoS consensus protocols?
  • We are currently working with PoW and we are seeing some great results (still can’t share publicly). We should definitely see a comparable performance with PoS, but we currently have no empirical data.
Are there any difficulties you faced trying to convince major blockchains like btc, eth etc to increase block size?
  • We view ourselves as providers of networking that removes the scalability bottleneck. It is up to each community to take advantage of that efficiency how they see fit. That said, we already know some communities want scale. For example BCH has 32 MB blocks because after 32MB the thing breaks (i.e. they hit the scalability bottleneck). With bloXroute, I’d expect them to increase their blocksize.
Which pipelines of blockchains likely to come on board 1st on bloXroute in 2019?
  • In V1 we will provide support for BTC, ETH, and BCH. We are talking to many other blockchain communities, and will provide an open API allowing any blockchain to use bloXroute.
If 10% of the blockchain miners/pool have 10% of the hash power (which results in approximately a 10% probability of mining a block) and they start using bloxroute while the other 90% of miners/hash power do not use bloxroute yet (gradual deployment), how does the usage of bloxroute benefit the 10% of miners vs. the other 90%?
  • Good question. The benefits for early-adopting miners start to kick in immediately. In your example, the probability of the 10% of miners that use bloXroute increases above 10% the probability to win a mining round. This is because they “waste” (much) less time on mining blocks that will not eventually get “on chain”.
Does the TPS order of improvement through bloxroute depend on the network size and distribution of nodes (decentralization level) of particular blockchain?
  • It necessarily does. The larger and more decentralized a network is, the TPS rate decreases. The big difference is that without bloXroute, the TPS decreases exponentially, i.e., very quickly. With bloXroute, we are seeing sublinear, i.e., marginal, degradation in TPS as the network size increases.
Are you partnering already with some wallets? If yes, with which ones? If not, is it too early to disclose?
  • Our first goal is to gain adoption. Once we have adoption, we plan on working with wallets to add in an option to streamline the process of including a bloXroute fee. We expect wallets to include such a fee to have an advantage because it offers their users lower overall fees compared to competitors. It would be up to the wallet to decide to show an “bloXroute transaction” feature or simply show lower fees. That said, we are very well connected to some of the most successful wallets in the crypto ecosystem, and have already discussed the matter with some of them.
Do you foresee users migrating to wallets that partner with bloXroute from the ones that don’t?
  • Users do not have to use wallets that partner with bloXroute to take advantage of the fee reduction service, but it’ll certainly be the most streamlined method. Any user that knows bloXroute’s public address can include in their transaction an additional output that pays bloXroute’s public address to reduce her overall fee. Our first goal is to gain adoption. Once we have adoption, we plan on working with wallets to add in an option to streamline the process of including a bloXroute fee. We expect wallets to include such a fee to have an advantage because it offers their users lower overall fees compared to competitors. It would be up to the wallet to decide to show an “bloXroute transaction” feature or simply show lower fees.
Will it be easy for a wallet to integrate bloXroute or it will require deeper dive?
  • Integration with wallets should be equally straightforward, from the technical point of view. We plan to actively work with open-sourced wallets to help them implement the change. The change includes a UI update to prompt the user and ask if they want to use bloXroute or not, and if they do, update the transaction to commit a tiny fee to a publicly-known bloXroute address.
Are you on track with your roadmap?
  • We are only a few weeks behind on our roadmap (we wanted to do our miner test for end of Feb and now it is early march) but I think for the tech world that’s still pretty good!
Did crypto winter changed your roadmap in certain aspects?
  • The crypto winter I think actually helped us. We are a free service to make miners more money. That has to be appealing in this environment.
When will the Proof of Concept be released?
  • The PoC should come at a similar time like V1, maybe a couple of weeks later, we’ll see.
What is the biggest challenge you’ve encountered after starting the company? What has helped you overcome challenges and stick to your goals?
  • Biggest challenge we have faced is finding talented individuals who understand this technology. The area is brand new, and it’s difficult to find qualified engineers, builders, and business folks. What makes me really motivated every morning is looking at the world and noticing just how antiquated our current systems are, how much they operate based on trust, and how much better they would be if they were open to all and auditable by anyone.
The white paper doesn’t give a full description of bloXroute’s tech, instead it gives a very simple explanation. Do you have concrete plans on how your project will be applied?
  • Our technology has been in operation for 2.5 years. Writing a whitepaper is a difficult task, trying to make a complex technology accessible to the masses. That said, I am pretty sure that we covered the core of our plans, and we have more papers in the pipeline describing the operation of the system for an academic audience. [Check out our resources page for detailed explanations about our technology]

Blockchain Ecosystem

People are talking a lot about Layer-2 scaling solutions in recent years. Compared with layer-0, will layer-2 be a better scaling choice? Or does it depend on different scenarios?
  • When it comes to scaling, there is no “one good layer to scale.” To reach really large numbers of transactions per second, one needs to tackle the bottlenecks at all levels. And Layer-2 cannot actually be made secure unless Layer-1 has enough space to on-board new users, as well as settle the transactions from existing channels. This all cannot be done at 3 tps. To support 1,000,000 tps and above, the underlying chain has to offer high throughput. So it’s absolutely essential to examine Layer-0 solutions.
You said currently there’s no crypto that can be truly decentralized. You also believe PoS is better than PoW. Does that mean that you think bitcoin is not decentralized? What’s the problem with bitcoin’s PoW mechanism?
  • Bitcoin’s blockchain today is created by around 19 mining entities. Some of these are pools, but nevertheless, these are individuals that came together and are operating in unison towards a common aim — they may not have corporate paperwork filed, but they are indistinguishable from any other corporate entity at this point. Just 4 of these command the majority of the hashpower. That’s it, the sum total of Bitcoin’s decentralization. EOS has 21 block producers. Ethereum has 11 miners now, and will reach around 60 with Casper. These are all tiny numbers. The big elephant in the room that no one dares to talk about is precisely how centralized most coins are today.
Do you find there is enough awareness about the block propagation as one of the major (if not the major) scalability bottlenecks within the crypto community/blockchains?
  • The short answer is no. Many people have heard about scalability being a hot topic in crypto/blockchain, but almost no one knows exactly what or where the bottleneck is. That’s why one of the most important parts of telling our story is educating at the same time. The blockchain community has many different types of people with varying levels of knowledge, so it’s a balance to develop a voice that speaks to everyone. In response to this challenge we have developed an educational Youtube series where we give detailed explanations about topics in crypto and blockchain. We hope it will provide tools to have more technical understanding and meaningful conversations about our product and the ecosystem in general.
During the BCH Hash War there was a block propagation bottleneck real case scenario on the mainnet when BSV tried to mine large blocks — something like 40MB and later 64 MB, but at both trials they failed on block propagation as it took too long and forks occurred. The large blocks were orphaned so the experiment clearly failed. As bloXroute’s focus is on this exact scalability bottleneck, block propagation, you came out as a *winner* from the hash war according to Professor Sirer. Have you experienced some benefits of being a winner, such as a larger awareness and interest in your project within the crypto and blockchain community?
  • We are having a lot of communication and open discussion with a lot of blockchain projects out there. We did indeed notice an increased interest after the events that you mention above.
What if industrial giants launched their own public chains one after another, what do you think the community should do?
  • This is exactly what we are going to see, with Facebook leading the way. I’m not too worried about these corporate approaches. While these companies have immense resources, they are starting quite late and do not have the kinds of thought leadership we possess on building peer-to-peer systems. All of these big behemoths are experts at building centralized client-server systems, which are the exact antithesis of what we are building with cryptocurrencies. So I don’t think we should be worried or do much: let them build out, welcome their efforts, and treat them the same way we treat every other altcoin. They will play a big role in onboarding new users into crypto, and they will help make the space more healthy and exciting for all of us.
What different scaling challenges are Ethereum and Bitcoin facing now? What do you think of these challenges?
  • The scaling problems faced by these two systems are slightly different. Bitcoin is a payments system. As such, it is concerned primarily with point-to-point value transfers. And it is facing a basic capacity problem: if everyone in Venezuela were to switch to Bitcoin today, every adult would get to transact only once per month! That’s clearly nowhere near the dream that has been sold to the masses. And it’s not clear what Layer-2 can achieve, because its capacity depends on the emergent network. At the moment, most attempts to send $1000 over LN fail. The challenge in Bitcoin and similar systems is to retain the security of the underlying protocol, avoid forks, and at the same time, increase the number of transactions per second. Naive attempts to do this, for instance, by arbitrarily increasing the block size to really large numbers, are not a good idea. We have seen that BSV is going down this route, and it is leading to excess centralization. bloXroute can help avoid centralization, and help drive protocol scales up by orders of magnitude. The challenges faced by Ethereum are slightly different. The interactions with smart-contracts tend to be multi-point to multi-point, that is, they involve multiple parties. So we see a different, more difficult problem emerge. And Ethereum is driving its network to its limits at the moment. The Ethereum mining network is beginning to show signs of centralization. ETH’s current set of block size and block frequency parameters are a little bit aggressive, and we are seeing signs that would indicate an advantage for mining centralization. bloXroute can help reverse this process and enable the protocol to be driven even more aggressively.
Ethereum researchers claim that their sidechain snark handles 17,000 TPS, do you think we can achieve higher capacity while the network is absolutely safe?
  • We can, and need to, achieve far higher numbers if the blockchain revolution is going to be anywhere near as big as it can be. If IoT devices go online, we will need 1M tps. On the other hand, I’m highly skeptical of all performance claims. BTC achieves around 4tps today, while ETH achieves 15 on a good day. Achieving 100–500, sustained in the real world, is actually very difficult. Any time I hear a number in excess of 10,000 tps, and the technology involved still uses LevelDB, I know that the numbers are obtained in laboratory conditions. That said, I believe this announcement was referring to a sidechain with a small number of trusted peers. In such a setting, sure, one can do anything because the trustlessness is not an issue. I’m concerned about public blockchains, where the nodes do not and cannot trust each other. We can only get to 10,000tps and above by re-thinking Layer-1, as we are doing with Avalanche, and re-doing Layer-0, as we are doing with bloXroute.
Thank you again to everyone who participated ! If you have more questions for our team, feel free to ask us on the bloXroute Telegram channel or ourReddit page.
— — —
We’re always looking for good people!
If you’re equally excited to solve the scalability bottleneck for all blockchains, consider joining our team! We are always looking for passionate partners to help us on this important journey. Check out our available positions to work with us in our Chicago offices.
Learn more
submitted by brooke_bloXroute to bloXrouteLabs [link] [comments]

AMA session with PopulStay’s Founder & CEO - Dr. Walter

The Very First AMA of PopulStay Telegram Community Was Held Successfully on Nov. 30, 2018

We are very pleased to have PopulStay’s Founder & CEO Dr. Walter here to give the community an AMA(ask me anything). After the warming up- I say “Popul” you say “Stay”, the AMA begins. The host of this AMA is Hugo Mayer. Here are the questions and answers in the AMA:

The part of Dr. Walter and Hugo’s Q&A:
Q1:What kind of block chain platform is PopulStay, Dr. Walter? Asked by Hugo
A1:Hello we start with Ethereum, because it is so far most mature and decentralised blockchain platform. Answered by Dr. Walter.
Hugo: Yes, Dr. Walter, just like many other startups.
Q2: Can you introduce the founder team? What was the original purpose of creating this project?
A2: I am serial entreprenuer with extensive experience in home sharing business, our partners all have passion in renovating the existing platform. As for the original purpose of creating this project, I have hosting experience and I believe in a peer to peer home sharing world.
Hugo: Yes, I know you are the host in Airbnb for 5 years. So experienced and professional in this area.
Q3: What are the advantages of PopulStay compared with centralized platform?
A3: The benefit is saving the booking fee, and get the digital shares of the platform if people hold token.
Hugo: That sounds very good! People hate fee.😜
Senthil: Thats great, has a chance to get digital shares of the platform.
Akotovin: Pay lesser.. how about transaction? how fast is it?
Q4: Then as a tourist, what different experience will PopulStay bring us? 😁Eager to know this. I am to get my luggage packed.
A4: Imagine you can have a video call with your future host.
Hugo(sings): Hello hello baby you call I can’t hear a thing.
Q5: As a “landlord”, apart from getting more profits, what services can PopulStay bring to them?
Ák: Greatest question sir, hopefully some lease plans? 🤑😂
Akotovin: Yeah..nice Hugo ask that thing.
A5: Good questions, you can make friends with cryto believers and you can make video call with them before you meet them. You may like him/her or dislike him/her before you allow him/her to stay at your house. We allow peer to peer communication/verification before make a booking. Airbnb and all other booking platform never allow you.
Hugo: We can make friends all over the world! An innovation! Nice idea!
Q6: Members of the community would like to know about the incubation of PopulStay by block chain accelerator in Tokyo. Could you tell us more about it?
A6: Good, they help us connect the potential real estate partners, investors like Sony, Softbanks and so on. Provide us market access in japan.
Q7: And who are the partners of the project?
A7: We have blockchain partners and business partners. Blockchain parterners are those promising public chain like Jura Networks, Matrix Network and etc. Business parterners are those who can provide properties and believe in our vision
Q8: We were told that PopulStay received investment from many institutions at the end of June this year. Could you tell us something about it?
A8: We got seed round investment from Bitmain, Qtum, crypto capital, Jove capital, Handsom capital and insight capital, enough for the next 1–2 years expense.
Q9: Thanks a lot, Dr. Walter. And the last two question: What is the planning schedule of the PopulStay project?
A9: We will recuit our genesis populstay host and guest from next month onwards, and we will open to the community to use our platform from December, from 2019 onwards, we will focus more on two sides: business development and user experience of the product.
Hugo: That sounds perfect.
Q10: And the last question: How is the progress of the project?
A10: This year is super busy, we achive a lot, from the idea to the team of 25 people, all in one heart to deliver the next home sharing platform. We are proud of what we achived.
Hugo: So promising, i am excited to hear this.
Katakuri: I want to know your personal history, such as age, education history, experience. 😱
Dr. Walter: You can check my linkedin: https://www.linkedin.com/in/cytoyue/
The part of Free Questions:
Asked by Akotovin:
Q1: How different PopulStay to other ICO?
Answered by Dr. Walter: A great and real team behind, dedicated to deliver product no matter market price. Token not listed yet.
Added by Senthil: Thats true, project is driven by team not price.
Q2: What security features PopulStay has?
Q3: Is there any Countries excluded in KYC?
Answered by Dr. Walter: Yes, Asian like China, Singapore, Korea, Japan are excluded, there are a list.
Q4: Is there different type of cards will be given to all holders..?or same?
Asked by TT s:
What’s the advantage of your team?
Asked by Kerryglobal123:
What is advantages of IEO? Why not Ico?
Answered by Dr. Walter: We are in talk with a few top 20 exchagns in the world
Asked by Reginald Darwin:
What is the price of pps?
Asked by color Bright:
Q1: Still recruiting?
Q2: Can Indians Play?
Q3: Can private equity funds be returned?
Q4: Is there a membership mechanism?
Q5: Are all currencies the same?
Q6: Will there be any harm? Like eating wind?
Q7: Warmly speaking, is currency worth fun? Futures itself is a life-threatening thing with great uncertainty.
Q8: Is a small amount of investment OK?
Q9: Is the value of Chinese currency the same as that of foreign countries?
Asked by TT s:
Q1: Is high profit as hosting?
Q2: Can Malysia stay?
Q3: When will populstay Dapp be launched?
Answered by Dr. Walter: End of 2019.
TT s: What DAPP will be? contains all traval information? or just house info?
Asked by INNOCENT:
Hi, sir. please do you have any plans for smart locks in the automobile industry?
Asked by 夜柳:
Q1: Have you been doing anything lately?
Q2: What Do you Think of the currently bear market? Does bear market affect Populstay’s progress?
Answered by Dr. Walter: Bear market affect the whole industry I think, if the ETH drop to 0 or Bitcoin drop to 0, the blockchain industry is gone. This will never happen. In the past 9 years, the media reported 167 times of dead bitcoin, but it become stronger and stronger.
Hugo: Good project is always to win the game.
Dr. Walter: This is the same with Ehtereum, a lot people say it will goes to ZERO, but I do not think so. ETH is improving and evolving itself also. Look at the devcon conference every year.
Akotovin: Will recover the soonest.
Ák: That’s very true sir, we believe the same.
Senthil: Thats perfect answer. Whenever it goes down, it will come back much stronger✌️🏻
夜柳:I wonder what can I do here.
Dr. Walter: Let’s hug.
Q3: Are there any private or public offerings?
Q4: Is there any nationality requirement for this project?
Q5: Do you see the potential of the tourism industry?
Q6: Changes in business and technology always move forward in controversy. Will PopulStay be better than the current platform?
Answered by Dr. Walter: Good question. We are improving on below points:
  1. better booking experience
  2. more social network function
  3. lower booking fee
  4. be part of project by holding our token (aka digital shares)
Q7: Whats the reason you launched Populstay?
Answered by Dr. Walter: I believe in that when the trust issues is solved by blockchain technology, the peer to peer home sharing is coming.
Q8: Do you see the potential of the tourism industry?
Q9: You type so fast.
Answered by Dr. Walter: I was a programmer.
Q10: When will Populstay be listed on exchange?
Answered by Dr. Walter: 2019
Maggie Mei: which exchange?
Dr. Walter: Top 20.
Toxic灬Mo: Which exchange is confirmed?
Dr. Walter: still confidential. For your information, I am part of Huobi ecosystem btw.
Asked by Kartukuri:
Q1: Why do you use the platform from ethereum. while there are many platform examples of stellar etc.
Answered by Dr. Walter: It is so far proven the most secure platform.
Katakuri: Yes recently I heard there is a bug in ethereum. Which can drain tokens?
Q2: Hi, Are there future plans to make the platform itself like Tron?
Asked by Ák:
Q1: Are you’ll going to implement your own blockchain very soon?
Answered by Dr. Walter: Not at the moment, we are discussing with Tron and EOS ecosystem, no need to reinvent the wheel.
Ák: Ok, thank you sir, good luck.
Akotovin: Wow.. so transparent.. i like it..
Q2: Will this blockchain have any ukulele chord and notes based calculations or computations?
Asked by Louis:
Whats the reason you launched Populstay?
Asked by Walkingalonedad:
What is the meaning of “ populstay” and logo?
Asked by David Sun:
Q1: What do you think of this bad market?
Q2: What’s populstay purpose?
Q3: What pain points do you want to solve?
Answered by Dr. Walter: Poor booking experience, high booking fee, bad checkin experience and can not share the growth of the platform.
TT s: Why it will be cheaper? by using Blockchain technology?
Dr. Walter: By our business model design, we charge 1.5% fees, and share 1.5% fee of each booking to the community.
Q4: How are you going to allocate it?
Q5: What is the proportion of the project team?
Asked by Senthil:
Q1: I love the Logo of Populstay, looks similar to Snails. Its really represent this projects vision — A snail’s shell is like a home it carries around on its back.
Who is the man behind this idea and logo design?
Katakuri: Yes, snails run very slowly, what about the project. What about the horse logo? 😂
Hugo: Tiny but promising!
Senthil: Slow and win the race😜
Katakuri: Yeah like a fairy tale about snails and monkeys.
Ák: Someday snails will evolve into beautiful turtles…
Answered by Dr. Walter: Snail carries a home on mobile, this is how the travellers looks like, we are tiny beings, and we love to explore, and we will grow while we travel. Thanks for your comments.
Senthil: First congratz for inventing smart-locks and won several awards. I heard the product Smart-lock will be safety for Guests, where they can purchase it? Is it available with hosts?
Dr. Walter: Yes.
Senthil: So, we can expect listing in Huobi after token sale🚀🚀🚀😍😍😍
Dr. Walter: We need many people like you to contribute to our project.
Toxic灬Mo: I think I’ll keep my eye on it.
Walkingalonedad: What is the price of smart lock?
Dr. Walter: 99 USD excluding shipping fee for our telegram users.
Toxic灬Mo: A complete system, the attitude of management team is very important.
Senthil: Smart-Locks looks good and looks like it can be fixed on any kind of doors.
TT s: Can we buy smart lock in the market?
Dr. Walter: Not at the moment, we will release on Amazon on 1st Jan 2019, stay tuned.
夜柳:Looking forward to your project.
Dr. Walter: if you buy then, please inform me and say you are our community users, then we will give you discount.
夜柳:Looking forward to supporting its future projects.
TT s: How much it will be ?
Dr. Walter: 149 USD.
Senthil: Thats really cool. Many more good news coming then. MVP in next month, Smart-lock ready to purchase from Jan. Populstay gonna rock soon🚀🚀
Asked by sun jiahui:
Q1:Do you see the potential of the tourism industry?
Q2: Is there a beta version of the project?
Answered by Dr. Walter: Yes,we plan to release the MVP next month, stay tuned. Meanwhile, we are actively looking for hosts and guest, please do join us.
Raymond Roosevelt: Do you mean December?
Dr. Walter: Yes, we are at the final stage of testing, it is MVP, not perfect, but enough to show the community to collect feeback. Also please bear in mind that Airbnb has 100 engineers to develop their project, but we only have 7.
Q2: How do you see the current bear market?
Q3: Where is the project now?
Answered by Dr. Walter: We are deliver MVP next month.
Asked by Dongtamduytan:
Q1: Blockchain is immutable, how do you resolve with people give bad rating to decrease rebutation of host?
Q2: China is the biggest market for any project, do you have plan to enter this market in future?
Q3: Do you think you can beat Airnbnb? Why Airbnb can enter China, and you can’t?
Answered by Dr. Walter: In 10 years yes.
Asked by Raymond Roosevelt:
When will Populstay be listed on exchange?
Answered by Dr. Walter: Once there are 10,000 active memebers who Join our platform, so I expect in the next 3 months? Our platform means our product not the telegram group:)
Asked by Colbert Milton:
Have you invested in any projects recently?
Answered by Dr. Walter: Not yet.
Toxic灬Mo:
Q1: Can I participate in this project?
Dr. Walter: As host, or guest or investor or ambassdor?
Q2: Are there any special requirements or restrictions?
Q3: Such as nationality? How much?
Q4: When is the public offering?
Q5: Are there any rewards for inviting more people?
Dr. Walter: Yes, token incentive
Q6: Is there a private placement?
Q7: Is PPS on the exchange?
Asked by Maggie Mei:
It will be cheaper pay by PPS than USD?
Hugo: Thanks a lot our dear CEO. Time is up.
Dr. Walter: Thank you everyone! Have a lovely day!

Thank Dr. Walter to participate in this AMA, good communicating to the community. Let us know more about PopulStay. Wish the project PopulStay success! As Dr. Walter said: In ten years, beat Airbnb! We want to see this happen as a community member! Go! PopulStay!
submitted by krypto_ekonomics to Populstay [link] [comments]

Subreddit Stats: NewYorkCoin posts from 2017-07-24 to 2018-04-09 09:00 PDT

Period: 258.76 days
Submissions Comments
Total 543 3256
Rate (per day) 2.10 12.57
Unique Redditors 205 474
Combined Score 3835 6264

Top Submitters' Top Submissions

  1. 1067 points, 120 submissions: hivewalletvictim
    1. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! (33 points, 6 comments)
    2. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. (31 points, 59 comments)
    3. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! (27 points, 11 comments)
    4. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! (24 points, 7 comments)
    5. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. (24 points, 18 comments)
    6. 3 new businesses NOW ACCEPT @NewYorkCoinNYC ! Eqwipped Entertainment Recording Studio | Greenpoint, Brooklyn, An Nails Salon | Orlando, FL, Khameleon Koatings | Brattleboro, VT. newyorkcoin.net/#real (23 points, 6 comments)
    7. Another new business ACCEPTING NYC in Manhattan! Welcome the NYC Falafel Co of the Lower East Side to TEAM NYC. Merchant acceptance of NYC is starting to gain momentum... (20 points, 7 comments)
    8. NYC NOW ACCEPTED AT 14 BUSINESSES (and growing!). Welcome Paul Zepeda Gallery and Grown Fresh NYC to TEAM NYC. (19 points, 0 comments)
    9. Centre Finest Deli | New York, NY | Bitcoin ATM location | Now Supports NewYorkCoin | Acceptance Coming Soon (18 points, 4 comments)
    10. NYC Electrum-X now on github! Pull request also made to the original project: https://github.com/kyuupichan/electrumx/pull/354, once it's accepted it will be included in the master branch of electrum-x. Tip Coinomi devs! (18 points, 9 comments)
  2. 215 points, 27 submissions: Tnyc2477
    1. Calm (15 points, 10 comments)
    2. NewYorkCoin is on coinomi wallet. Coinomi is a security-first multi-asset wallet that provides native support and true ownership for 96 coins and 244 tokens, for a total of total of 340 coins and tokens, available in 168 fiat currency representations and 25 languages. (15 points, 14 comments)
    3. One special pitch for our coin to one special exchange (14 points, 10 comments)
    4. So You Want to Own Some NewYorkCoin (NYC) But Don’t Know Where to Start! Here is an Easy Guide for Beginners (14 points, 3 comments)
    5. That Perfect, Rich Exchange Everyone Needs (13 points, 7 comments)
    6. NYC Discord 2nd Meeting 1-24-2018.mp4 - Google Drive (12 points, 5 comments)
    7. Analysis of The Institutional Money On NewYorkCoin and What Our Main Objective Really Is (11 points, 7 comments)
    8. Looks a bit more crowded there on the list of Markets to trade NYC :-) (11 points, 2 comments)
    9. Please also join us at nycoincommunity for important posts from dev team. Thank you. (11 points, 20 comments)
    10. For Newly Joined Community Memebers (10 points, 0 comments)
  3. 150 points, 12 submissions: jamesburrell2
    1. Wall Street Journal article about NewYorkCoin (35 points, 25 comments)
    2. NewYorkCoin featured in Crains NewYork magazine (21 points, 5 comments)
    3. ***MUST READ FOR NEWBIES (NOOBS) trying to understanding what NewYorkCoin and other cryptocurrencies are (and are not). Very easy to read and written by a top player in the cryptocurrency space. (14 points, 2 comments)
    4. Great arguments for why NewYorkCoin's code is better for P2P micropayments than Bitcoin (14 points, 1 comment)
    5. My analogy for the early growing community of NewYorkCoin enthusiasts (NewYorkCoin is the abandoned cars and the garage is the bottom of CoinMarketCap) (13 points, 3 comments)
    6. NewYorkCoin is a technological improvement for informal value transfer systems and local currencies (12 points, 1 comment)
    7. A reminder of Bitcoin's price trajectory and potential trajectory for NewYorkCoin enthusiasts (10 points, 0 comments)
    8. YouTube user Coinreview was pretty early in identifying the promise of NewYorkCoin. (9 points, 0 comments)
    9. Good article why the NewYorkCoin community shouldn't judge the value of the coin by marketcap alone (8 points, 0 comments)
    10. Good video by the LitePay CEO (5 points, 0 comments)
  4. 129 points, 11 submissions: nodecache
    1. A New York Coin Development Vision: How BTC could be 'powered by NYC' via Lightning Network (20 points, 27 comments)
    2. Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin (19 points, 13 comments)
    3. Ask shapeshift and changelly to add NYC now that we're on Coinomi (18 points, 9 comments)
    4. BTC: powered by NYC - 1.1 Million NYC bounty raised for Segwit implementation (11 points, 29 comments)
    5. Requested NYC on Polo today, where are you requesting it? (11 points, 8 comments)
    6. 250,000 NYC Bounty to developer(s) to implement Segwit w/ intent to make NYC a BTC cash layer (10 points, 49 comments)
    7. Bounty update: Segwit/Lightning on NYC Roadmap (10 points, 6 comments)
    8. Alternative rebrand concept for a real artist to alter (9 points, 3 comments)
    9. Donation Address for Segwit Bounty: RGpAYLk2CtsLvBQBENQyNUhJyF8QH2zC53 (8 points, 30 comments)
    10. NYC is Checking Account to Bitcoin's Savings Account (7 points, 10 comments)
  5. 115 points, 13 submissions: gopes11
    1. Found this gem in one of the earlier posts. A lot of Great reads btw.. this guy nailed NYC (19 points, 0 comments)
    2. NYC VALUE (18 points, 1 comment)
    3. Only way NYC will go big is if we as a community come together and make it big. It’s not magic, we are investors and it is our duty to help this coin grow so developers have enough resources to further the project. (18 points, 9 comments)
    4. More exchanges is the solution (14 points, 6 comments)
    5. Dallas Mavericks announced they will accept Cryptocurrency next season.. (13 points, 3 comments)
    6. NYC ATMs (6 points, 3 comments)
    7. Reducing the supply (6 points, 2 comments)
    8. Did anyone meet up yesterday? (5 points, 5 comments)
    9. What is the next step and how can we help? (5 points, 1 comment)
    10. Go vote. Get our name out there (4 points, 0 comments)
  6. 95 points, 7 submissions: kyguy17
    1. Please vote for NYC to go on more exchanges (18 points, 13 comments)
    2. Adding NYC to tradesatoshi.com (17 points, 12 comments)
    3. Trade satoshi (16 points, 11 comments)
    4. We are accepted in Trade satoshi but (16 points, 3 comments)
    5. Added another exchange! This will be number four if we can pull it off. (15 points, 17 comments)
    6. Great job everybody that donated! I want to thank everyone for that and I want to personally thank everyone that trusted me on handling the funds. (10 points, 4 comments)
    7. Why did coinomi delist NYCoin? (3 points, 26 comments)
  7. 74 points, 15 submissions: dynamicmormon
    1. A new business accepts the New York Coin. Here the link: http://www.extravagantllc.com/ (14 points, 1 comment)
    2. New acceptance of New York coin found the community website. Please look there. There is an artist mentioned. (11 points, 0 comments)
    3. Cryptonator (8 points, 0 comments)
    4. I saw something that shows the Coins gets international (8 points, 3 comments)
    5. Crex24 (7 points, 3 comments)
    6. A question about New York Coin (4 points, 12 comments)
    7. A further press report found (3 points, 1 comment)
    8. Fork (3 points, 2 comments)
    9. How are the experiences with the New York Coin Center? (3 points, 45 comments)
    10. Huobi (3 points, 0 comments)
  8. 74 points, 9 submissions: NYCoinIsTheFuture
    1. NYC Website (16 points, 18 comments)
    2. It is imperative we get this coin on SEVERAL different exchanges (11 points, 7 comments)
    3. For whomever wins the website contest (10 points, 2 comments)
    4. One last request, could we please somehow remove the scam-like all caps description under the Google search page, something as simple as New York Coin (NYC) would be good. It just doesn't feel very professional, I'm sure others agree. (9 points, 2 comments)
    5. More exchanges - stay hungry. (8 points, 3 comments)
    6. NewYorkCoin price predictions? Expectations for 2018? (7 points, 5 comments)
    7. Website Contest (7 points, 14 comments)
    8. Which website are we going with??? (4 points, 6 comments)
    9. NYC PREDICTIONS (2 points, 3 comments)
  9. 69 points, 19 submissions: NewYorkCoin
    1. THE NEW YORK COIN CENTER (12 points, 3 comments)
    2. NYC (24hr) trading volume passing $1m!!! Coinmarketcap is fixing bug that is stopping updating of volume. All markets offline at coinmarketcap. NYC TRADING VOLUME IS EXPLODING!!! (10 points, 4 comments)
    3. WIN 1,000,000 NYC! (7 points, 5 comments)
    4. newyorkcoin.net is now multi-lingual ! NYC in 17 most popular languages. Links at bottom of homepage. 1/2 on left side now completed, the rest will be live by end of weekend (7 points, 7 comments)
    5. NYC IS STARTING TO MOVE!!! NewYorkCoin getting ready to break into TOP 300 at coinmarketcap. BUY NYC AT YOBIT! Coinomi in December. NYC ATM's in January. NEW YORK COIN CENTER coming in 2018! (5 points, 0 comments)
    6. $30,000 trading volume now. And climbing... Will NYC break $50,000/day for the first time EVER soon... P.S. This is BEFORE Coinomi adds NYC! (3 points, 1 comment)
    7. MEET NEW YORK COIN (NYC) (3 points, 0 comments)
    8. THE NEW YORK COIN CENTER is looking better and better by the day! (3 points, 3 comments)
    9. Can you find any more NYC cheapies under 0.00004? Are those gone forever? Next cheapies to disappear 0.00005. My prediction is that by end of this weekend, the CHEAPEST NYC you can ever buy again will be 0.00008 (maybe higher!) nycoin.net (2 points, 2 comments)
    10. FIND NEW YORK COIN AT 2017 MACY*S THANKSGIVING DAY PARADE! (2 points, 4 comments)
  10. 63 points, 4 submissions: throwawayhey1234w
    1. New website idea. The so called creator is absent from this, i can help with the website, we still need to get the blockchain working, rumbles of others workign on this but i think IF we want to drag this back from the dead we need to start reviving. (23 points, 29 comments)
    2. Nice Video For This Coin (21 points, 3 comments)
    3. Update on website, more pages. Now accpeting donations of new york coin so i can just keep powering through: REWEc7pAqxgD249pVm9aKBSaQU5nwzWhms (16 points, 9 comments)
    4. I am buying all in! (3 points, 4 comments)
  11. 61 points, 12 submissions: modoromodo
    1. Good job Newyorkcoin Team very interesting (28 points, 0 comments)
    2. NEW YORK COIN (NYC) PRICE LIVE, CRYPTOCURRENCY, NEWS, WIKI, PREDICTION (7 points, 4 comments)
    3. Who think nyc will make 0.01 soon (6 points, 6 comments)
    4. What are the best expectations for 2018 (5 points, 2 comments)
    5. NYC next year in top 10 ( very possible ) (4 points, 4 comments)
    6. SOON IN THE MOON (3 points, 0 comments)
    7. Is there news about ATMS (2 points, 2 comments)
    8. NEED MOR EXCHANGES FOR THIS COIN LIKE CRYPTOPIA . BINANCE . BITREX (2 points, 1 comment)
    9. New york coin in stocktwits (2 points, 1 comment)
    10. . (1 point, 1 comment)
  12. 53 points, 6 submissions: zer0san
    1. Reddit Banner & Marketing (17 points, 19 comments)
    2. New Variation: When needed I can make specific infographics for the website. (11 points, 5 comments)
    3. NYC Infographic Design for fun — Composition stolen from Sia ;) (8 points, 6 comments)
    4. New York Coin Reddit banner W.I.P (7 points, 13 comments)
    5. Plans for 2017/ Road map?? (7 points, 3 comments)
    6. Wanted to say Hi (3 points, 1 comment)
  13. 50 points, 4 submissions: ASSBORDERLINE
    1. COINOMI To add NYC In next update You can test NYC in there Beta App! (14 points, 2 comments)
    2. Just Bought 29 Million NYC (13 points, 14 comments)
    3. Reason Why NYC Rising & Brief History (13 points, 6 comments)
    4. ATM Coming very soon 😅 (10 points, 3 comments)
  14. 50 points, 4 submissions: CoinmaticNYC
    1. WISH US LUCK (ARTICLE ON CNBC REQUESTED)!!! (15 points, 7 comments)
    2. PLEAE READ!!! (14 points, 10 comments)
    3. FACEBOOK PAGE UPDATE (12 points, 1 comment)
    4. Quick maths bruv (9 points, 10 comments)
  15. 47 points, 7 submissions: lCyberneticl
    1. What do you all think? Anyone working on logo/graphics/advertising (20 points, 7 comments)
    2. Go NYC! (8 points, 0 comments)
    3. NYC (7 points, 1 comment)
    4. Work in progress! (5 points, 2 comments)
    5. My contribution to the website contest (3 points, 0 comments)
    6. Just an idea (2 points, 1 comment)
    7. NYC (2 points, 1 comment)
  16. 40 points, 1 submission: RealWorldCoins
    1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. (40 points, 20 comments)
  17. 39 points, 5 submissions: NYC_NewYorkCoin
    1. If anyone can contact this place La Sirene in Manhattan, Im sure they will place the NYC sticker up (14 points, 6 comments)
    2. NYC New York Coin is now actively trading on Tradesatoshi.com Congrat's all. (8 points, 2 comments)
    3. NYC New York Coin This must be the coin!! (7 points, 0 comments)
    4. Picked up some more NYCoin! Lets Hope for the Best! NYC Coin 20X faster than Bitcoin NYC is simply more usable than Bitcoin. NYC is 20X faster to send, receive & confirm transactions. And 5X faster than Litecoin. NYC is much cheaper to use than Bitcoin or Litecoin. Actually, it's free! (7 points, 4 comments)
    5. New York Coin ,New York Coin, Start spreading the news You're leaving today Your vagabond shoes, they are longing to stray And steps around the heart of it, New York, New York -New York Frank Sinatra (3 points, 1 comment)
  18. 36 points, 4 submissions: nicovs_be
    1. ElectrumX and Electrum-NYC wallet by the newyorkcoin community (14 points, 0 comments)
    2. There's the 1st 2SAT NYC sells ever (11 points, 1 comment)
    3. KEATSBAR confirmation is now on the site (7 points, 5 comments)
    4. NYCoin Core Wallet Block data Download (Data up to date up to Jan 7th 9PM) (4 points, 5 comments)
  19. 35 points, 4 submissions: TweeknTekneek
    1. I bought in newyorkcoin !!! (15 points, 34 comments)
    2. I hope one day NYC coins are soo common, that they become the new digital coin for parking meters! (10 points, 0 comments)
    3. If and when NYC hits $0.01 - $0.10 (5 points, 8 comments)
    4. What is the best Walter for NYC? (5 points, 3 comments)
  20. 34 points, 5 submissions: fionaman
    1. Binance is Possible... (16 points, 7 comments)
    2. Will NYC make us millionaires? (8 points, 8 comments)
    3. We should try to get NYC on Coin Exchange (5 points, 2 comments)
    4. Lescovex vote - NYC #3 & "under consideration (3 points, 3 comments)
    5. Why is the total supply increasing? (2 points, 5 comments)

Top Commenters

  1. hivewalletvictim (611 points, 343 comments)
  2. Tnyc2477 (367 points, 171 comments)
  3. nodecache (340 points, 131 comments)
  4. dwilkes827 (168 points, 75 comments)
  5. nicovs_be (166 points, 74 comments)
  6. cryptonyxx (153 points, 62 comments)
  7. mariusadrian2103 (132 points, 42 comments)
  8. JohnSewards (122 points, 53 comments)
  9. zer0san (118 points, 48 comments)
  10. GiorgosK (110 points, 104 comments)
  11. kuch167 (102 points, 37 comments)
  12. jamesburrell2 (99 points, 39 comments)
  13. polkaberries (92 points, 47 comments)
  14. CoinmaticNYC (92 points, 32 comments)
  15. yarikd (90 points, 45 comments)
  16. GU1TARW0RLD- (69 points, 42 comments)
  17. kyguy17 (57 points, 21 comments)
  18. dynamicmormon (54 points, 30 comments)
  19. NewyorkCoinFrance (53 points, 21 comments)
  20. TweeknTekneek (52 points, 32 comments)

Top Submissions

  1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. by RealWorldCoins (40 points, 20 comments)
  2. Wall Street Journal article about NewYorkCoin by jamesburrell2 (35 points, 25 comments)
  3. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! by hivewalletvictim (33 points, 6 comments)
  4. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. by hivewalletvictim (31 points, 59 comments)
  5. Good job Newyorkcoin Team very interesting by modoromodo (28 points, 0 comments)
  6. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! by hivewalletvictim (27 points, 11 comments)
  7. Who is applying and sending in the info the exchanges require to get added ? Ill do it and pay the fees they require if someone will give me permission and materials I request. I’ll pay the fees as well they range $5000 to 20,000. Exchanges want money it’s that simple. by earthfunds (26 points, 10 comments)
  8. Logo Idea by shotxchance (25 points, 18 comments)
  9. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. by hivewalletvictim (24 points, 18 comments)
  10. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! by hivewalletvictim (24 points, 7 comments)

Top Comments

  1. 14 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  2. 12 points: hivewalletvictim's comment in An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ.
  3. 12 points: yarikd's comment in dkbigmoney = Charlie K
  4. 11 points: zer0san's comment in Reddit Banner & Marketing
  5. 10 points: deleted's comment in I dreamt that NYC coin becomes #1 last night.
  6. 10 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  7. 10 points: bshaw2019's comment in Please release regular wallet updates and show that you are actually doing SOMETHING in terms of development.
  8. 10 points: jamesburrell2's comment in Wall Street Journal article about NewYorkCoin
  9. 10 points: nodecache's comment in Web page
  10. 9 points: 3mar7's comment in In an unbiased and honest opinion, what do you guys see this coin reaching in 1-2 years?
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: btc posts from 2017-10-03 to 2017-10-09 13:22 PDT

Period: 6.50 days
Submissions Comments
Total 837 20193
Rate (per day) 128.85 2692.43
Unique Redditors 489 2132
Combined Score 26601 69285

Top Submitters' Top Submissions

  1. 1086 points, 17 submissions: increaseblocks
    1. Another all time low achieved - The Blockstream CSO just reported Coinbase to the NYDFS (on Twitter) claiming they are violating the Bitlicense (199 points, 91 comments)
    2. Craig Wright is NOT the face of or "CEO" Bitcoin Cash (181 points, 116 comments)
    3. Bitcoin Cash (BCH) Withdrawals now available on Gemini exchange (176 points, 39 comments)
    4. In just the month of September 2017 alone rBitcoin mods censored 5633 posts and comments! (115 points, 19 comments)
    5. Forget stealing data — these hackers broke into Amazon's cloud to mine bitcoin (91 points, 11 comments)
    6. Why Blockstream Is So Loudly Against Segwit2x (72 points, 52 comments)
    7. 10 reasons why Reddit admins should close down Bitcoin and not BTC (63 points, 62 comments)
    8. These are the real enemies of Bitcoin (43 points, 23 comments)
    9. Bitcoin Core developers along with Blockstream are destroying Bitcoin (36 points, 5 comments)
    10. Theory: Bitcoin Cash price is dropping as we get closer to SegWit2X hard fork. People are putting their money back into the SegWit1X chain for now so they can claim coins on both chains come November. (34 points, 43 comments)
  2. 970 points, 8 submissions: MemoryDealers
    1. Repost: "The notion of every #bitcoin user running their own node is as dumb as the notion of every email user running their own server.' (279 points, 233 comments)
    2. Just letting Bitcoin.org know that Bitcoin.com will list S2X as BTC (Just like 95% of the rest of the ecosystem will) (243 points, 146 comments)
    3. Censorship question (158 points, 164 comments)
    4. The newest Bitcoin CASH billboard is coming to Silicon Valley! ($1,000 in Bitcoin Cash giveaway contest) (90 points, 38 comments)
    5. Core supporter mentality: Why would anyone ever switch from Myspace to Facebook? Of course they won't, we are already #1 (73 points, 67 comments)
    6. Insights from "a professional capacity planner for one of the world’s busiest websites" on the block size issue. (59 points, 18 comments)
    7. South Korean Startups Are Preparing To Fight The Government's ICO Ban (48 points, 2 comments)
    8. Meanwhile in Japan: (20 points, 21 comments)
  3. 895 points, 7 submissions: poorbrokebastard
    1. Is segwit2x the REAL Banker takeover? (288 points, 400 comments)
    2. No supporter of Bitcoin Cash ever called it "Bcash." (207 points, 328 comments)
    3. The real upgrade happened on August 1st, 2017 (186 points, 206 comments)
    4. We are building a Big Blocker's Arsenal of Truth and we need your help! (143 points, 163 comments)
    5. Understanding the Implications of Restricting Capacity in a Peer to Peer Cash System. (53 points, 42 comments)
    6. Block space is a market-based, public good, NOT a centrally controlled, restricted commodity. (18 points, 48 comments)
    7. Crypt0 on youtube talks about the Segwit2x Banker Takeover (0 points, 3 comments)
  4. 866 points, 4 submissions: jessquit
    1. I think we need an EDA fix before the Nov hardfork (540 points, 352 comments)
    2. If you still think that SW2X is going to be a nice clean upgrade per the NYA you're smoking crack (136 points, 177 comments)
    3. Bitcoin Cash is the real Bitcoin, even if Segwit currently has greater market share due to its stronger shilling (104 points, 140 comments)
    4. "Firing Core" by running SW2X makes as much sense as firing the Linux kernel devs by running Ubuntu. (86 points, 69 comments)
  5. 785 points, 8 submissions: btcnewsupdates
    1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! (586 points, 117 comments)
    2. Bitcoin Cash Gains More Infrastructure In the Midst of Segwit2x Drama - Bitcoin News (80 points, 35 comments)
    3. To commemorate its Bitcoin Cash addition, GMO has launched a cash-back campaign for bitcoin cash of up to 25,000 yen (40 points, 0 comments)
    4. India’s Koinex Exchange to Enable Bitcoin Cash Trading Soon (31 points, 13 comments)
    5. Unregulated Is Not Lawless - CFTC is investigating Coinbase’s Ethereum flash crash (23 points, 6 comments)
    6. SimpleFX, online Forex & Cryptocurrency broker recently introduced Bitcoin Cash as a deposit currency (22 points, 0 comments)
    7. Bitcoin Cash Popularity Allows ViaBTC Mining Pool to Surpass 1 Exahash (3 points, 0 comments)
    8. Trade Bitcoin Cash CFDs - The Rapidly Rising Crypto - plus500.co.uk‎ (0 points, 0 comments)
  6. 745 points, 18 submissions: cryptorebel
    1. Great analysis by singularity and jessquit on how anti-btc trolls shifted: "suddenly last year they all disappeared, and a new type of bitcoin user appeared who were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did." (102 points, 50 comments)
    2. Don't fall for EDA Dragons Den FUD. EDA is a powerful weapon that could kill off or cripple the segwit chain for good. Legacy coin has no EDA crash barrier as this article explains. This is why small blockers use FUD us to disarm the EDA (78 points, 118 comments)
    3. Roger Ver CEO of bitcoin.com says that from his point of view the segwit2x split just gives him more coins to sell for the Bitcoin Cash version which he thinks is the more useful Bitcoin @3min41s mark (71 points, 33 comments)
    4. Proof the new Dragons Den plan could be to try to split BCC with an EDA change. Mrhodl is confirmed Dragons Den, and Cobra Bitcoin is the leader of bitcoin.org which is making enemy lists for big block supporting businesses. (70 points, 47 comments)
    5. Right now segwit2x (BT2) is trading for $1143 and segwit1x (BT1) is $3070 on Bitfinex futures markets. Even with not the greatest terms, you would expect 2x to be much higher. I believe this bodes well for BCC. (61 points, 112 comments)
    6. The other day people were suggesting we do an EDA change before the November 2x fork. Here is why I think that is a terrible idea, and why we should only consider EDA change AFTER the 2x fork. (58 points, 40 comments)
    7. "Nick, Adam and others saw the flaw in the system being that they could not ensure one vote one person.. The flaw in that reasoning is assuming that one vote one person was ever a goal. Miners act economically not altruistically." (57 points, 14 comments)
    8. Original chain is now only 4.8% more profitable than Bitcoin Cash chain after the most recent EDA adjustment on BCC. Very normal blocktimes. Where is the EDA dragons den FUD now? (53 points, 33 comments)
    9. Great Explanation from Peter Rizun at 6min mark, on why Segregated Witness no longer fits the Definition of Bitcoin in the Whitepaper as a Chain of Signatures. (51 points, 19 comments)
    10. Right now segwit2x is $650 and segwit1x is $3906. Search for BT1 and BT2 on this page and you can see the futures prices. (51 points, 102 comments)
  7. 640 points, 3 submissions: BeijingBitcoins
    1. "Am I so out of touch?" (441 points, 163 comments)
    2. Bitcoin Cannot Be Only a Store of Value - excellent article by OpenBazaar dev Chris Pacia (189 points, 47 comments)
    3. Interesting research paper: Troops, Trolls and Troublemakers: A Global Inventory of Organized Social Media Manipulation (10 points, 2 comments)
  8. 622 points, 2 submissions: routefire
    1. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" (394 points, 133 comments)
    2. While /bitcoin was circle-jerking to the idea that no exchange would list the SW2x chain as BTC, Bitcoin Thailand's comment to the contrary was removed from the very same thread! (228 points, 70 comments)
  9. 510 points, 6 submissions: BitcoinIsTehFuture
    1. Bitfinex announcement about issuing BT1 & BT2 "Chain Split Tokens" to allow Futures trading. (BT1 = Segwit1x; BT2 = Segwit2x) (172 points, 173 comments)
    2. By proving that it can be done (getting rid of Core) this will set a HUUGE precedent and milestone that dev teams and even outright censorship cannot overtake Bitcoin. That will be an extremely bullish occasionfor all crypto. (149 points, 84 comments)
    3. Bitfinex is going to call Segwit2x coins "B2X" and let Core chain retain "BTC" ticker symbol. Bitfinex is therefore calling Segwit2x an altcoin and Core the "real chain". (138 points, 70 comments)
    4. The goal of all the forks appears to be to dilute investment in the true forks: Bitcoin Cash and Segwit2x. A sort of Scorched Earth approach by Blockstream. They are going to try to tear down Bitcoin as they get removed. (35 points, 11 comments)
    5. Blockstream be like (10 points, 11 comments)
    6. In light of all these upcoming forks, we need a site where you can put in a BTC address and it checks ALL the forks and says which chains still have a balance for that address. This way you can split your coins and send coins carefully. (6 points, 6 comments)
  10. 508 points, 3 submissions: xmrusher
    1. Can we take a moment to appreciate Jeff Garzik for how much bullshit he has to deal with while working to give BTC a long-needed upgrade that Core has been blocking for so long? (278 points, 193 comments)
    2. The very objective article "Bitcoin is not ruled by miners" on the "bitcoin wiki" was added by theymos on 8th of August this year. Nothing strange to see here, just an objective, encyclopedia-quality overview! (155 points, 58 comments)
    3. According to Crooked Greg, Jeff merging opt-in replay protection is "alarming", because it must mean Jeff wants to blacklist people's addresses too. Core devs keep lying and manipulating to stir more drama and further the split in the community. Disgusting! (75 points, 16 comments)
  11. 505 points, 4 submissions: WalterRothbard
    1. Sam Patterson on Twitter: Can anyone explain why miners and CEOs agreeing to a 2mb hard fork was no big deal with the HKA but is a "corporate takeover" with the NYA? (221 points, 85 comments)
    2. Apparently Bitcoin requires trust now - trusting Core. I didn't get that memo. I think I'll opt out. (169 points, 139 comments)
    3. Erik Voorhees on Twitter: Nothing about NYA was secret (106 points, 34 comments)
    4. How much BTC is in segwit addresses? (9 points, 25 comments)
  12. 480 points, 3 submissions: BitcoinXio
    1. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. (325 points, 99 comments)
    2. Blockchain CEO Peter Smith on Twitter: "We've dedicated our lives to building bitcoin products, introduced millions to bitcoin, evangelized, long before it was cool. Enemies?" (in response to Adam Back) (147 points, 47 comments)
    3. Liberty in North Korea: Reddit online community members join forces to assist in the placement of North Korea’s Hermit Kingdom refugees (8 points, 3 comments)
  13. 459 points, 4 submissions: singularity87
    1. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. (435 points, 279 comments)
    2. Understanding Bitcoin - Incentives & The Power Dynamic (13 points, 1 comment)
    3. Understanding Bitcoin - What is 'Centralisation'? (9 points, 9 comments)
    4. Understanding Bitcoin - Validity is in the Eye of the Beholder (2 points, 25 comments)
  14. 434 points, 3 submissions: Gregory_Maxwell
    1. Wikipedia Admins: "[Gregory Maxwell of Blockstream Core] is a very dangerous individual" "has for some time been behaving very oddly and aggressively" (214 points, 79 comments)
    2. Gregory Maxwell: I didn't look to see how Bitcoin worked because I had already proven it (strong decentralized consensus) to be impossible. (122 points, 103 comments)
    3. LAST 1000 BLOCKS: Segwit2x-intent blocks: 922 (92.2%) (98 points, 99 comments)
  15. 419 points, 1 submission: Testwest78
    1. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen (419 points, 231 comments)
  16. 412 points, 14 submissions: knight222
    1. Kudos to Theymos who wanted to clear things up... (311 points, 89 comments)
    2. COINFUCIUS on Twitter: We are working with the machine's manufacturer to incorporate Bitcoin Cash support. This is a priority for us. (76 points, 2 comments)
    3. Cash, credit ... or Bitcoin? St. John's gets 1st cybercurrency ATM - Newfoundland - Labrador (9 points, 1 comment)
    4. Banks like the potential of digital currencies but are cool on bitcoin, UBS says (3 points, 0 comments)
    5. The Feds Just Collected $48 Million from Seized Bitcoins (3 points, 1 comment)
    6. while Bitcoin users might get increasingly tyrannical about limiting the size of the chain so it's easy for lots of users and small devices. (3 points, 3 comments)
    7. ‘Fraud.’ ‘More than a fad.’ The words Wall Street CEOs are using to describe bitcoin (2 points, 0 comments)
    8. Bitcoin is creating stark divisions on Wall Street (1 point, 0 comments)
    9. Bitcoin: Bitcoin's rise happened in the shadows. Now banks want in (1 point, 0 comments)
    10. Japan’s Biggest Bank Plans to “Overcome” Bitcoin Volatility with 'MUFG Coin' (1 point, 0 comments)
  17. 406 points, 5 submissions: jonald_fyookball
    1. Normal, real twitter users don't add [UASF], [No2x] or any "causes" to their user handles. Obvious astroturfing is obvious. Do they really think they are fooling anyone? (175 points, 134 comments)
    2. Greg Maxwell (and others) may be engaging in the illegal harassment of Jeff Garzik. (92 points, 24 comments)
    3. Bitcoin Cash FAQ updated. Explains why Bitcoin Cash doesn't have SegWit and why it was not considered a capacity increase (87 points, 11 comments)
    4. Is it all a bait and switch campaign? (32 points, 14 comments)
    5. Possible EDA simulation algorithm sketch (20 points, 12 comments)
  18. 404 points, 3 submissions: Annapurna317
    1. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. (364 points, 292 comments)
    2. Notice: Redditor for 3-4 months accounts or accounts that do not have a history of Bitcoin posts are probably the same person or just a few people paid to manipulate discussion here. It's likely a paid astroturfing campaign. (38 points, 30 comments)
    3. The latest TED Radio Hour titled “Getting Organized” talks about the decentralized algorithms of ants and how centralization is not the most ideal state of an organization. (2 points, 0 comments)
  19. 385 points, 1 submission: squarepush3r
    1. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. (385 points, 201 comments)
  20. 381 points, 1 submission: hunk_quark
    1. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. (381 points, 182 comments)
  21. 369 points, 5 submissions: craftercrafter
    1. Gavin Andresen on Twitter: Early bitcoin devs luckily picked the right project at the right time. None are irreplaceable, bitcoin will succeed with or without us. (293 points, 57 comments)
    2. Antpool, BTC.TOP & Viabtc all said EDA is a temporary design for BCC. They are just waiting for the new algorithm. (34 points, 19 comments)
    3. SimpleFX, an Online Forex & Cryptocurrency Broker, Adds Bitcoin Cash Payments as well as Bitcoin Cash Trading Pairs! (27 points, 1 comment)
    4. BCC Miners, two EDAs have locked in. This will reduce mining difficulty to 64.00%. If you are aiming to achieve profit parity, you should start mining after the next EDA (in 2.5 hours), because then the difficulty will be at 51%, which gives profit parity on both chains and steady block rate. (9 points, 14 comments)
    5. Antpool, Viabtc, Bitcoin.com, BTC.com, we need to hear your voice. In the case of a scheduled hardfork for updating the EDA, will your pool follow? (6 points, 18 comments)
  22. 348 points, 6 submissions: specialenmity
    1. Fact: proof of work which is the foundation of bitcoin and not invented by Adam back was designed to counter attacks where one person falsely represents to be many(like spam). Subreddits and twitter dont form the foundation of bitcoin for a reason. (156 points, 27 comments)
    2. I'm a small blocker and I support the NYA (87 points, 46 comments)
    3. Devs find clever way to add replay protection that doesn't change transaction format which would break software compatibility and cause disruption. G. Max responds by saying that this blacklisting is a sign of things to come. (49 points, 57 comments)
    4. Five ways small blocks (AKA core1mb) hurt decentralization (36 points, 4 comments)
    5. Even if bitcoins only use to society was avoiding negative interest rates, bail-ins + bail-outs, that is incredibly useful to society. Of course a banker like Jamie Dimon would call something a fraud that removes a "bank tax" on society by allowing them to avoid these fraudulent charges. (18 points, 0 comments)
    6. There are different kinds of censorship. The core propagandists are unwittingly great advocates of economic censorship (2 points, 1 comment)
  23. 286 points, 2 submissions: coincrazyy
    1. Rick Falkvinge on Twitter - "Blockstream's modus operandi is not particularly hard to copy. It's just so cheap and shortsighted." -Gets 5000 ReTweets and 5000 likes in 30 mins. TO PROVE A POINT. ASTROTURFING DOES NOT MEAN CONSENSUS (164 points, 15 comments)
    2. Segwit was invented by "cypherpunks" THAT FAILED TO CREATE A VIABLE DIGITAL CURRENCY. Bitcoin was created by a cypherpunk that SUCCEEDED. (122 points, 118 comments)
  24. 257 points, 2 submissions: olivierjanss
    1. Why Bitfinex’s “Chain Split Tokens” are completely biased towards the small block side (again) (205 points, 165 comments)
    2. Reminder of what took place behind closed doors in 2016, revealing Blockstream & Core's quest for domination & lies. (52 points, 3 comments)
  25. 254 points, 9 submissions: SeppDepp2
    1. #SegWit2x is an upgrade to BTC and will use the BTC ticker. (103 points, 59 comments)
    2. Core rage quitting Swiss Bitcoin Association ? - Due to a CSW free speech ? - OMG - grow up little prejudges! (76 points, 141 comments)
    3. "Venezuela could soon decide to adopt the Bitcoin as its new currency" - Hope they'll use Satoshi's Bitcoin Cash - They cannot afford high fees like most No2X / NoCash puppets! (36 points, 6 comments)
    4. A short logical layman proof definition of Bitcoin: Look up, what Bitcoin really is: 1) Whitepaper 2) First code version Bitcoin is Bitcoin Cash and includes e.g. the witness. Segwit - Bitcoin is an alternative to this (ALT). (17 points, 3 comments)
    5. Core gets hyperallergic about a free speach of CSW in neutral Switzerland (6 points, 35 comments)
    6. Different Bitcoins: Value proposition, trust, reputation - confidence (6 points, 0 comments)
    7. Four Different November Scenarios (6 points, 24 comments)
    8. Swiss biggest FinTech launches BITCOIN Tracker (valid up to 2020) (2 points, 1 comment)
    9. Watch out for this kind of pattern! If it comes to such a segregation of good old members into good and enemy its gonna be dirty! (2 points, 0 comments)
  26. 230 points, 2 submissions: williaminlondon
    1. PSA: latest rbitcoin post "It's time to label (and remove from reddit.com) what is plainly obvious: btc is a monetized subreddit for bitcoin.com." (126 points, 57 comments)
    2. Did anyone notice how angry Blockstream / Core people are whenever good news are posted here? (104 points, 108 comments)
  27. 227 points, 1 submission: dskloet
    1. All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x. (227 points, 199 comments)
  28. 226 points, 5 submissions: opling
    1. Japan's Largest Bitcoin Exchange Bitflyer Launches Bitcoin Visa Prepaid Card (112 points, 1 comment)
    2. Large Japanese Energy Supplier Adds Bitcoin Payments With a Discount (44 points, 4 comments)
    3. Bitcoin ATMs On the Rise in Russia (40 points, 2 comments)
    4. Russia's Central Bank Instructs Clearinghouse Not to Settle Cryptocurrency Contracts (18 points, 1 comment)
    5. Government Head of IT Department Fired for Mining Bitcoin Using State-Owned Computers in Crimea (12 points, 2 comments)
  29. 222 points, 2 submissions: GrumpyAnarchist
    1. Xapo just sold off another 70,000 BCH today, that might explain the price. They're down to 176K in their main wallet now. (166 points, 132 comments)
    2. Roger, can you make Bitcoin Cash an option, with maybe a link to info, in the original wallet setup phase for the Bitcoin.com wallet? (56 points, 28 comments)
  30. 216 points, 7 submissions: uMCCCS
    1. TIL a BS employee, Chris Decker, and some other people released a study that says "4 MB blocks don't cause centralization" (128 points, 19 comments)
    2. Without ASICs, there would be large botnets that are more centralized (44 points, 43 comments)
    3. Bitcoin-ML Bucketed UTXO Commitment (a.k.a. Blockchain pruning!) (27 points, 6 comments)
    4. Bitcoin Cash is Satoshi's BitCoin, not altered Bitcoin (10 points, 10 comments)
    5. TIL BashCo has a website "2x Countdown" (5 points, 1 comment)
    6. How true is rBTC censorship? (2 points, 7 comments)
    7. If S1X lives and Core Never HardForks, BTC will die in year 2038 (0 points, 7 comments)

Top Commenters

  1. williaminlondon (3150 points, 739 comments)
  2. poorbrokebastard (2114 points, 518 comments)
  3. cryptorebel (1768 points, 257 comments)
  4. space58 (1313 points, 201 comments)
  5. Adrian-X (1109 points, 235 comments)
  6. knight222 (1037 points, 157 comments)
  7. bitcoincashuser (946 points, 188 comments)
  8. jessquit (901 points, 150 comments)
  9. ---Ed--- (758 points, 185 comments)
  10. LovelyDay (742 points, 125 comments)
  11. jonald_fyookball (720 points, 106 comments)
  12. Not_Pictured (701 points, 111 comments)
  13. awemany (675 points, 173 comments)
  14. BitcoinXio (611 points, 41 comments)
  15. Gregory_Maxwell (609 points, 90 comments)
  16. singularity87 (608 points, 44 comments)
  17. 2dsxc (587 points, 79 comments)
  18. BitcoinIsTehFuture (567 points, 79 comments)
  19. BTCrob (534 points, 214 comments)
  20. H0dl (531 points, 79 comments)
  21. dskloet (517 points, 94 comments)
  22. Ant-n (509 points, 132 comments)
  23. nullc (497 points, 66 comments)
  24. tippr (483 points, 284 comments)
  25. todu (476 points, 63 comments)
  26. GrumpyAnarchist (472 points, 127 comments)
  27. tophernator (462 points, 78 comments)
  28. livecatbounce (456 points, 61 comments)
  29. kenman345 (453 points, 49 comments)
  30. cryptonaut420 (403 points, 50 comments)

Top Submissions

  1. Overstock accepts Bitcoin Cash - BCH holders can now buy Home Goods, Bed & Bath Essentials, Jewellery & More! by btcnewsupdates (586 points, 117 comments)
  2. I think we need an EDA fix before the Nov hardfork by jessquit (540 points, 352 comments)
  3. "Am I so out of touch?" by BeijingBitcoins (441 points, 163 comments)
  4. The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up. by singularity87 (435 points, 279 comments)
  5. Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen by Testwest78 (419 points, 231 comments)
  6. "Everyone who supported UASF and now complains about S2X out of fear of confusion/lack of mandatory replay protection is a hypocrite. UASF did not have ANY replay protection, not even opt-in. UASF did not even have wipe-out protection!" by routefire (394 points, 133 comments)
  7. Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship. by squarepush3r (385 points, 201 comments)
  8. Why is there so much debate on whether Bitcoin is store of value or digital currency? Satoshi's white paper was pretty clear it's a digital currency. by hunk_quark (381 points, 182 comments)
  9. Everyone should calm down. The upgrade to 2x has 95%+ miner support and will be as smooth as a hot knife through butter. Anyone that says otherwise is fear monguring or listening to bitcoin propaganda. by Annapurna317 (364 points, 292 comments)
  10. Friendly reminder: if you haven't yet, watch this video which shows reddit is gamed and manipulated by professional shills paid by companies with huge million dollar budgets. It is up to our community to defend itself against these bad actors. by BitcoinXio (325 points, 99 comments)

Top Comments

  1. 194 points: cryptorebel's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  2. 167 points: EH74JP's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  3. 158 points: BobWalsch's comment in I think we need an EDA fix before the Nov hardfork
  4. 157 points: BitcoinXio's comment in Dangerous direction for /btc, possible jump the shark moment. Witch-hunting, paid troll and Dragon Den's accusation to justify censorship.
  5. 149 points: MemoryDealers's comment in All the #no2x bullshit is the fault of the people who agreed to activeate SegWit before 2x.
  6. 116 points: Testwest78's comment in Making Gregory Maxwell a Bitcoin Core Committer Was a “Huge Mistake” Says Gavin Andresen
  7. 115 points: 2dsxc's comment in I think we need an EDA fix before the Nov hardfork
  8. 106 points: Piper67's comment in jgarzik please do not add replay protection
  9. 106 points: singularity87's comment in The entire bitcoin economy is attacking bitcoin says bitcoin.org! You can't make this shit up.
  10. 99 points: zowki's comment in Bitcoin.com Pool stabilized the Bitcoin Cash blockchain (prevented excessive EDAs)
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As Buffett put it back in 2014, "the idea that [bitcoin] has some huge intrinsic value is just a joke in my view." Bitcoin is not backed by a company's earnings, or the strength of a government Davidson, Laura, and Walter E. Block, "Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange," Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015): 311–38. View the discussion thread. send bitcoin. bitcoinwallet.com addresses . all blockchain and pricing data on bitcoinwallet.com is provided “as-is” and is to be used for entertainment purposes only, and should not be used or relied on in any way to influence or direct trading or investment decisions or funds availaibility or funds value. neither bitcoinwallet.com, nor Blockchain.com is the most popular place to securely buy, store, and trade Bitcoin, Ethereum, and other top cryptocurrencies. Blockchain.com Wallet - Store and Invest in Crypto Products Bitcoin is the first blockchain ever created relying on proof-of-work. It has since spread to become widely used in many cryptocurrencies. Transactions are connected to a user’s Bitcoin address, which is derived from the user’s private key. A transaction on the Bitcoin blockchain can be seen as a transfer of value between Bitcoin wallets.

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BITCOIN SET FOR $288K BULL RUN IN 2020, POPULAR BTC PRICE MODEL SAYS!!!

Following every halving, Bitcoin historically saw extended price rallies. The previous halvings occurred in 2012 and 2016. At the time, BTC was hovering at $11 and $650 in 2012 and 2016 respectively. We find the most productive and profitable way to generate and mine Bitcoin, all the magic happens on our cloud servers and our powerful multi-block decryption algorithms. Recorded at the Mises Institute Supporters Summit, 1 November 2008; Auburn, Alabama. Walter Block is a professor and chair of economics, college of business administration, at Loyola University. Simple tutorial for beginners about how to create a cryptocurrency wallet and securely back up Bitcoin and Bitcoin Cash funds. BTC.com is a cryptocurrency wallet for Bitcoin & Bitcoin Cash. Bitcoin Algo Trading on Deribit. BTCUSD Price Chart. Deribot 231 watching. Live now; Ray Dalio on the Economy, Pandemic, China's Rise: Full Interview - Duration: 29:20.

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