You could argue gold was the 1st decentralised currency in being that even today it stands as currency. technically paper money and bank accounts are just a reflection of how much gold and silver a person has
chat
{bitcoin}
why bitcoin?
bitcoins let people transact without financial intermediaries.
public transactions provide integrity without authorities.
global, instant, smart
chat
joined aug 2015
generate bitcoin with reference codes.
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topics on {bitcoin}
+7.2 votes
2 posts
by
Tenpester
The Dinar was The 1st Decentralised Currency
by
Tenpester
The Dinar was The 1st Decentralised Currency
Though Islamic States did most of the minting for over 1400 years anyone has been able to produce this coin and it is still accepted as currency in many circumstances.
+61.2 votes
41 posts
by
greencigar
BTC Fees Crazy High?
by
greencigar
BTC Fees Crazy High?
Wow... The BTC transaction fees have been super high today. Anyone else experience the same thing?
Cash.app is ~2% ...uses SegWit-Bech32...once to buy and once to send. Transaction was super fast, <1min to confirm at escrow.
Pretty sure I’ve just been charged about £16 to send £38 through coin corner feel sick 0.0005 btc didn’t realise the amount at the time.... any tips how I can get my remaining money in there approx £35 out to somewhere cheaper to send from?
Yeah, this was posted about 2 weeks ago.
Use "replace by fee" in your wallet and you can set the transaction fee to as low as you want, don't go too low though otherwise no one will bother confirming your transaction.
Hi green cigar. ..yes i had same problem last night.just wanted to make a small order this time..around £20..and Bittylicious wanted £10 in charges..WTF..cant bring myself to make order now..£30
For a basicallly a sample..seems like im not the only 1..its vendors who will miss out more now..so means no weed for the weekend.but i wont be going ahead with order either way
Its a case of cutting my nose off this time..than pay that f***ing ridiculous amount..jb
For a basicallly a sample..seems like im not the only 1..its vendors who will miss out more now..so means no weed for the weekend.but i wont be going ahead with order either way
Its a case of cutting my nose off this time..than pay that f***ing ridiculous amount..jb
If there's more transactions going on, then the fees increase (I think). So, it BC is ona run, lots of people buy and sell and network fees increase.
I don't send from Coinbase... It's linked to all my personal data. I use a separate wallet. This is where you'll see a hike in fees (from a seperate anonymous wallet).
same, unfortunately
Cost me over $10 in fees last night to buy something which was $14, so almost doubled the total price I had to pay
What wallet do you use, man?
Coinbase wallet. Was pretty strange considering that moments before I had done a $30 order and the fee was like $1.70
was trying to get an order in last night but the minimum fee to send any transaction was £7+ and i couldn't bring myself to pay it!
but then i started thinking what if this becomes the new norm, went to pay it and the fees had gone up to £9, so i had to buy more coin to cover the fees whilst paying fees over and over again to coinbase for buying small amounts to try and cover this network fee, this actually kept happening over the space of about 2 hours, in the end lost about £24 to fees just to order something for £96 and the £10 network fee you see at the bottom there, honestly can't even begin to explain how pissed off i am!
but then i started thinking what if this becomes the new norm, went to pay it and the fees had gone up to £9, so i had to buy more coin to cover the fees whilst paying fees over and over again to coinbase for buying small amounts to try and cover this network fee, this actually kept happening over the space of about 2 hours, in the end lost about £24 to fees just to order something for £96 and the £10 network fee you see at the bottom there, honestly can't even begin to explain how pissed off i am!
Had a 19p transaction I made today at 10am. Still pending. Can’t knock Coinbase on this one this is sending eth from Jaxx but either way to be out of funds and 12 hours pending now is fucking bollocks
I had a lower priority transaction take a WEEK recently fml
Christ almighty...I wouldn't have minded I knew it was no relevance to the miners because of the low gas fee, but the fact I couldn't even increase the price manually is pretty shit so once paid up had no control..still a way to go until this is viable across the board. Possibly improvements with ETH 2.0 on the speeds but unless you can affect the reward to the miners you're caught really
I did set it at the lowest priority (issues with balance spending) to move it to another wallet....but a WEEK!
Shocking mate
Coinbase has all your information, right?
ID yeah but all goes through separate wallet anyway they weren’t the issue was the gas fees on eth, either way bit of a nause
Been there mate ultimately crypto will never replace fiat with these issues. Greet investment especially with recent trends on btc and eth but still too jumpy for these quick transactions. I try and keep a fiver or so buffer and always send over a couple of quid on top but still wide open and will happen again. You could easily stick a tener on top of already inflated product prices which is another factor why buyers are getting fed up
Hey Guys
Do your trading late at night , cheaper fess when it's not busy , or certain times in the day .. if you check on your wallet and have btc coin in there it will tell the fees to send , thats when you know its cheaper times ect ..
Do your trading late at night , cheaper fess when it's not busy , or certain times in the day .. if you check on your wallet and have btc coin in there it will tell the fees to send , thats when you know its cheaper times ect ..
Am with coincorner shit man they charge to deposit then charge to buy btc then charge to send btc its so embarrassing sometimes when a think a have enough btc to buy then after forgetting about the fee a have to cancel lol
Hi hate Coin Corner its such a rip off. Does anyone know any cheaper options apart from checking for your local dealer instead.
I buy the bitcoin , xfer to anonymous wallet , and pay from there. Fees are normally in pence, but does depend on network traffic.
I had that yesterday. Nearly £3 to send £125 from blockchain
Crazy shit. Same as. I had to buy more BTC just to cover it!
Same here!! I had 3/4 quid in there already it wouldn't let me use it either ?? I had to top up , still got the 3/4 quid ??
This is happening to me and its driving me up the wall! How on earth are you supposed to enjoy the gains of BTC when youe wallet/blockchain wont let you spend all funds?? I usually have $10-15 stuck in my wallet and am only able to send it if i hit lowest lowest priority, then it takes a week to move to my other wallet. Not cool
Petite send your funds after midnight , cost 16p to send £150 last night :) :) always quite late in the night :)
I usually buy on here after midnight. I'm not having issues with fees though???? Haha
This happened me with Blockchain. I made sure I had enough in my wallet to pay, but when trying to do the transactions it wouldn’t let me saying I needed more money - despite having enough for the payment + sending fees.
Topped up my balance a few quid, paid the transaction and when I checked my wallet after I had around £5 in the wallet. Really frustrating losing unnecessary money to fees!
Topped up my balance a few quid, paid the transaction and when I checked my wallet after I had around £5 in the wallet. Really frustrating losing unnecessary money to fees!
Coinbase have all your personal information... don't forget that!
not only do they have your personal details, they send them out like a receipt to anyone transacting with your wallet. Found that out the hard way. Doxxed by my btc wallet lol
+46.5 votes
14 posts
CRYPTO APOCALYPSE
We got wrecked lol. Long term still very bullish and are hodling for dear life.
ugh bought btc on localcryptos yesterday via paypal. Paypal put a freeze on my funds for 24 hours after I sent it. In 24 hours the btc I bought basically plummeted in value and now I have to buy a quarter instead of a half :(
Done it twice in a two weeks man...feel your pain...coinbase froze me yesterday too...
ugh coinbase is the worst. even a bitcoin atm is better than coinbase.
Lost about £40 this morning, bummer!
I knew I should have made an order last night.
I knew I should have made an order last night.
Just new funds in when you make a purchase, that what you have sitting there will go back up after the covid-19 pandemic
Me too man. Lost about £160 in 2 weeks where I have been trying to decide what to buy!! Been going to bed thinking ‘I’ll sleep on it and do a buy tomorrow’, wake up and boom, fucking buy money half gone... been a proper shit couple of weeks... fucking stock market has got near on a oz of my weed money... ha fuckers...
I decided to sell a 50g block of 24k gold, made an awesome profit from when I bought in 2012, (bought a few in mind of another global meltdown or apocalypse haha) then reinvested a little back in bitcoin about £800 worth and that’s died now. It will come back around though, if only I held off for a week.
Keep that bitcoin for the future when it rises and buy bitcoin now for purchase. That way what you pay now won’t be over the odds and when the market bounces back after coronavirus dies you should be sweet, maybe better off
buy £40 worth of bitcoin now and sometime soon it will double......mayybe
+41 votes
8 posts
Why BTC when you have STABLECOINS
Why BTC when you have STABLECOINS
I have placed a fair few orders here but never posted before. I love it. However it's just a fact that BTC is expensive to move around and the USD value fluctuates wildly. So why not implement a similar system but with stablecoins? A stablecoin on Ethereum is very cheap to transact with and the USD value is... 1 USD.
These are the main ones:
-Tether (USDT): created by the Bitfinex exchange, there are like 4 billion of these in circulation, but it is backed by dollars held in some dodgy bank in the bahamas (or not!!!). May be one to avoid IMO.
-USD Coin (USDC): similar concept but backed by Coinbase. About 400mil in circulation but way more reputable and cleared with US regulators.
-DAI: backed by ETH held as collateral without a dollar in sight, algorithmically pegged to USD. A remarkably clever system that's the closest thing to a 'true' decentralised stablecoin. If you are a clever clogs you will enjoy reading about this one. About 80 mil in circulation.
It gets better... if you build a system that works with one ERC20 token, it works with all tokens! Merchants can get paid in whichever stablecoin they please.
Thoughts? I appreciate BTC has been around the longest and reliable software is hard to come by...
These are the main ones:
-Tether (USDT): created by the Bitfinex exchange, there are like 4 billion of these in circulation, but it is backed by dollars held in some dodgy bank in the bahamas (or not!!!). May be one to avoid IMO.
-USD Coin (USDC): similar concept but backed by Coinbase. About 400mil in circulation but way more reputable and cleared with US regulators.
-DAI: backed by ETH held as collateral without a dollar in sight, algorithmically pegged to USD. A remarkably clever system that's the closest thing to a 'true' decentralised stablecoin. If you are a clever clogs you will enjoy reading about this one. About 80 mil in circulation.
It gets better... if you build a system that works with one ERC20 token, it works with all tokens! Merchants can get paid in whichever stablecoin they please.
Thoughts? I appreciate BTC has been around the longest and reliable software is hard to come by...
to my knowledge the stablecoins are more centralised and they can "freeze funds" whereas the worst thing with bitcoin is tainted coins and there are multiple ways around that.
a decentralised stablecoin where the risk of frozen funds isn't there would be perfect
a decentralised stablecoin where the risk of frozen funds isn't there would be perfect
True. It's interesting though, if this community minted the stable coins and used similar reputation algorithms as the escrow provider then we would have no increase in control loss.
Really good point, they are ultimately reliant on smart contracts, code that executes buy and sell purchases in dollars (or pounds, euro etc) to keep the exchange rate stable.
It gets pretty complex because the markets for these coins are small and manipulable so they build in protective trading strategies to the contract code. Even if the code is open source no one can say if these behaviors will work and keep the exchange rate stable.
This is my gripe with stable coins, they have downside risk with no upside potential.
It gets pretty complex because the markets for these coins are small and manipulable so they build in protective trading strategies to the contract code. Even if the code is open source no one can say if these behaviors will work and keep the exchange rate stable.
This is my gripe with stable coins, they have downside risk with no upside potential.
What you are describing... is pretty much the DAI stablecoin
Here is a really nice article that isn’t too dry!
Here is a really nice article that isn’t too dry!
Coinbase is pretty great in the UK these days. Same day Faster Payments up to 20k, free crypto to crypto trades including DAI and USDC
Unlike our American friends we can use pretty much any exchange we like
Unlike our American friends we can use pretty much any exchange we like
+1 votes
1 post
when was the first time you came across bitcoin
when was the first time you came across bitcoin
i came across bitcoin in 2010, however didnt look into it, just knew it was "internet money"
then in 2015 i started using it heavily when price was well below 300usd mark
i even got into trading it
so i learnt alot over the years about cryptography, blockchain tech, bitcoins, altcoins and many other facets of this new fintech wave
a very good book i enjoyed on bitcoin is called "The Bitcoin Billionaires" by Ben Mezrich
goes into detail on the involvment of the winklevoss twins within the bitcoin game. if that name rings a bell, those twins too Zuckerberg to court for stealing the facebook idea from them
hope this interests people as much is does to me
i am no way a novice to bitcoin
biggaz feel free to ask any questions or pm me
happy smoking, THB
then in 2015 i started using it heavily when price was well below 300usd mark
i even got into trading it
so i learnt alot over the years about cryptography, blockchain tech, bitcoins, altcoins and many other facets of this new fintech wave
a very good book i enjoyed on bitcoin is called "The Bitcoin Billionaires" by Ben Mezrich
goes into detail on the involvment of the winklevoss twins within the bitcoin game. if that name rings a bell, those twins too Zuckerberg to court for stealing the facebook idea from them
hope this interests people as much is does to me
i am no way a novice to bitcoin
biggaz feel free to ask any questions or pm me
happy smoking, THB
+48 votes
6 posts
bitcoin vs ethereum
bitcoin vs ethereum
What are the main differences between bitcoin and ethereum?
Smart contracts and way cooler community and ideology. Everything starts with an eth. Google Defi, in case you hadnt heard about its recent explosion. The peoples financial system is emerging quickly. BTC looks old in comparison and should play a role as the vaults of crypto, but nothing at all exciting going on. Eth on the other hand...
The ethernet blockchain is "Turing Complete" you can program anything on it. Get a metamask extension for your browser and you can cruise a "decentralized web" that runs on top of the ethernet blockchain. These sites are more resilient than the tor hidden service they really can't be taken down since there is no server.
Bitcoin is a platform for money - like an open network for accounting software vaguely.
Ethereum is a platform for more complex contracts between computers - like an open network for business law. The ETH coin is a subset of all this.
Ethereum is a platform for more complex contracts between computers - like an open network for business law. The ETH coin is a subset of all this.
Just to expand on "social accounting" its basically a bunch of computers agreeing that a coin moved from one to another, with all the records being opened and "confirmed", thats why you wait for confirmations after you send coins.
The motivation behind them is hugely different. bitcoins were created by libertarian types, looking to create a free world on the internet.
Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.
Ethereum was more about technical perfection for such an effort. It's not only a coin but a language for commerce between machines.
+4.2 votes
5 posts
BITCOIN Mining profitablity
BITCOIN Mining profitablity
Hi all I used to do a bit of btc mining sometime ago with an old pc and a couple extra graphics cards, madeareasonable amount doing it just wondered if anyone else still did it and if so is it still profitable? and what set up do you use?
Unfortunately I think the mining ship has sailed , probably much better just buying and holding bitcoin.
I got CryptoTab and am really impressed -> https://cryptotabbrowser.com/16942477
I mined enough to buy 3.5g in no time by browsing the web!
I mined enough to buy 3.5g in no time by browsing the web!
Ive found the best way is to mine passively using a browser, im on 16TH/s. With two android devices and a pc. Take a look, if you dont want to you dont have to but ive been earning for some time now, with no cost you can make $1-$2 a week, doesnt sound like alot but for absolutely nothing its amazing. You can buy multipliers and things after you have earnt some btc if you want and then you can really start earning.
Take a look, no strings
Take a look, no strings
+9 votes
2 posts
by
Tenpester
blockchain explained by chickens
by
Tenpester
blockchain explained by chickens
old databses were like taking the word of a chicken farmer. fuck that, we've seen chicken run.
blockchain is a public proof of things that actually happened. we don't have to trust that a farmer is freeing his chickens to walk around a bit.
blockchain is a public proof of things that actually happened. we don't have to trust that a farmer is freeing his chickens to walk around a bit.
wait are we the chickens?
+57.5 votes
20 posts
BTC VS MONERO as payment option
BTC VS MONERO as payment option
Would anyone else be interested in an XMR payment option as it would be a lot more secure than BTC?
More secure probably not, harder to trace maybe. But the dept for homeland security has had tools to trace it since Aug 2000.
they are truly amazing. not only is that before monero was invented it's before the department was established.
They’ve not cracked it, they are able to get a general idea but not the specifics, it’s gonna be a cat n mouse. OxMR has the new zsnark tech and maybe it’s the next gen
i agree xmr is a more secure option
it is at the end of the day deemed as a privacy coin
the only trouble i feel with this process is that customers may find difficulty creating theyre first transaction
as syncing the wallet can take upto a week using a regular hdd and a local node
this must be done, as without syncing the wallet no payments can be made
this is the issue i had when setting up and using xmr, my coins where basically stuck for a week while my getmonero gui synced
it is at the end of the day deemed as a privacy coin
the only trouble i feel with this process is that customers may find difficulty creating theyre first transaction
as syncing the wallet can take upto a week using a regular hdd and a local node
this must be done, as without syncing the wallet no payments can be made
this is the issue i had when setting up and using xmr, my coins where basically stuck for a week while my getmonero gui synced
I think we should use XRP? :D
People are sheep, XMR is privacy based, what we are buying is illegal (in most places) so it would seem obvious to use xmr
but btc was the first coin and now the biggest
but btc was the first coin and now the biggest
Works for sellers but buyers will have a hard time exchanging into it.
I agree it does make more hassle for the buyer, but if you kept the btc payment system as well at leastpeople would have the choice
Think it's about time for a change to avoid future problems
Bitcoin is to mainstream now,
What happens when they audit the Bitcoin block chain. Which they probably will at some point...
People are going to have big problems
What happens when they audit the Bitcoin block chain. Which they probably will at some point...
People are going to have big problems
I guess hopefully some body from the LB staff sees this and might work on making it happen, I can't really think of another way we could make it happen
the more research i do on monero the more its everything people told me bitcoin was! Cheap, fast, secure and ACTUALLY anonoymous. How do we get monero on here?
Yeah it pretty much better in every way, It would make LB a lot more secure
+14.2 votes
6 posts
silk road treasure opened
silk road treasure opened
a billion dollar stash of btc has just moved from it's ancient wallet.
They were just charged 9 quid to transfer a billion. That's mad. I didn't know charges were capped.
the more fragmented the coins the more processing required. this is the definition of old money. hope some cunt hasn't just stolen it.
"the more fragmented the coins the more processing required"
something i'm only realising now! with the many payments from LB my transactions when cashing out are massive, costing me 50 quid odd just to move it. And looks like one of the alphabet agencies has seized it :(
something i'm only realising now! with the many payments from LB my transactions when cashing out are massive, costing me 50 quid odd just to move it. And looks like one of the alphabet agencies has seized it :(
Blockchain are trying to charge me £13 to transfer £45 lol....I need to find out where they got it so cheap hahaha
Let us know if you find it!
+27 votes
12 posts
by
V0ices420
Bitcoin price
by
V0ices420
Bitcoin price
Is there anyone else that used silk road back in the day and almost feel sick to the stomach when you see the BTC price? I found an old email I sent to Britcoin (First ever UK bitcoin exchange) telling the owner I just transferred some money over to his account at the end of 2011. I think I paid £8 each bitcoin, I wouldn't think anything of it having 50 BTC in my account. They changed there name to intersago and just fucked off with everyones coins but at the time that was part of the 'industry'
Tech friend I had insisted that I buy at $200. Told him the whole thing was batshit crazy and didn't. I wasn't wrong. I just underestimated the stupidity of man.
Many, many moons a go when I was a home working web developer I took on a random job for 500bitcoin, they weren't worth anything at the time really they where still brand new, you can probably guess where this is going.... in the end I just kind of forget about them and then my harddrive died and I didn't even think about trying to get them back.
They'd be "worth" about 15mil today lmao, ah well easy come easy go and all that :P
They'd be "worth" about 15mil today lmao, ah well easy come easy go and all that :P
lol mate. do you still have the hard drive. ??
Omfg ZZ,.....That's mental, I love your attitude tho :)
Have you ever heard about that guy who bought a pizza for a million plus bitcoin, like you said they were worth nothing really at the time.....he paid 20+ billion in today's price for a pepperoni pizza....shit man
Have you ever heard about that guy who bought a pizza for a million plus bitcoin, like you said they were worth nothing really at the time.....he paid 20+ billion in today's price for a pepperoni pizza....shit man
hope it was a cheese filled crust lmao ;)
lmao that's amazing there's bound to be loads of stories like these out there especially from the early days, you have to laugh about it really or it'd drive you mad haha plus it's all hindsight now innit :)
Yeah there must be loads of stories like that, you're completely right bro it's all hindsight....It would be way worse the other way round, people paying millions for them and they end up worth fuck all lmao
Mate I wish I put a grand in my BTC account in October.
Seems to be flying back down today. Lost 25% in one day and still going. You might get to October numbers by the end of the week mate
Yesterday was the day I was going Chuck a grand in too.
+8 votes
4 posts
BTC DIP. TOO EARLY TO PANIC?
BTC DIP. TOO EARLY TO PANIC?
Ouch. the btc price has taken a slight but some what expected battering.after all the mad gains in recent months is this a minor setback or is it about to crash? Cheers UKDD
Whats the end game for bitcoin investors? Like how do they get out? All I ever hear is "don't sell" "hold, hold, hold" and long term they probably right, it might shoot up again but to cash out you have to be the first to sell because once the selling starts the price falls out the arse.
My advice, which is worth nothing, would be to decide for yourself your price point that you're happy with and sell at that point at every chance you get as quickly as you can. Otherwise at what point does the bitcoin value actually turn into real profit? Doesn't matter how high bitcoin goes if YOU don't get to sell at that price.
My advice, which is worth nothing, would be to decide for yourself your price point that you're happy with and sell at that point at every chance you get as quickly as you can. Otherwise at what point does the bitcoin value actually turn into real profit? Doesn't matter how high bitcoin goes if YOU don't get to sell at that price.
9 out of 10 people are in Bitcoin to make money, they don’t hold it to buy items ( in general, excluding sites like biggy etc ) it’s not something people buy to use, it’s an investment/ gamble to make money. So people who did invest to make money have seen 50% gain in the last few month, that tied in with a resistance point that didn’t hold this time 30k, this has / will see it test 20k, as long as 20k holds, it will be fine and bounce around 20 to 25k ... if it falls though 20k, next stop will be 15k.
All in My opinion.
I do a lot of stock trading but Bitcoin is new ( ish to me ) so please take with a shovel of salt
All in My opinion.
I do a lot of stock trading but Bitcoin is new ( ish to me ) so please take with a shovel of salt
Just a track back as small -med investors take their gains and cash out. More for us, theres only one way this is going the year and thats an upward trajectory me thinks. Hoping it drop a bit more and ill buy bigger at bargain price-long term not short plays for me
+20 votes
12 posts
by
HelpTheAged
which are the top 5 crypto exchanges?
by
HelpTheAged
which are the top 5 crypto exchanges?
I use paxful. Probably they deserve a spot in the top 5.
Based on users' own experiences, who else should make the top 5?
TIA guys
Based on users' own experiences, who else should make the top 5?
TIA guys
Coinbase for me.
I recommend Bittylicious, their fees sometimes are a bit higher than other exchanges, but their service is fast and easy to use
paybis
Coinbase Pro is what I use. So easy via the app. There’s a transaction fee charged to transfer BTC, guess they need to make their money.
Ones I use the most are bittrex, Binance And Coinbase. Also worth doing some research on uniswap (decentralised exchange).
Coinbase & Wirex need a mention
I'm curious about Localbitcoins and bitpanda. Anyone using these mahr fukrs?
I use localbitcoins no complaints
+77 votes
11 posts
by
foster
Money as a system of control (video)
by
foster
Money as a system of control (video)
Andreas M. Antonopoulos is the most articulate and inspiring voice Bitcoin has. Despite his enormous technical expertise he sees the fundamental proposition of crytpo freedom as the lowest layer of the network.
At least with multiple currencies we still have the power to choose, isn't that what freedom is?
There's currently a viral post going around showing a photo in a pizza hut window saying 'credit cards only' and then some crap saying how people will lose control of their assets if we move away from money lol.
It doesn't matter if it's cards, bank deposits or even cash in hand. It's all under the control of a central government that's why it's called "fiat". It can be seized, de-valued, or bankrupted. Given enough time that's exactly what has happened to *every* fiat currency in history.
When I read the title I thought this was about capitalism and making people dependent upon money. Instead this is about the fact that government issues currency and can use that to control everything it touches basically, it's a shocking eye opener.
Yes it's not even the amount of money they have it's that they define it, that's implies ultimate ownership of all of it.
He gives me hope that the revolution is unstoppable, that an exit from a corrupted society is not only possible but inevitable.
All of his lectures are great. I'd recommend the podcasts over the video, they look like a spycam.
+1 votes
1 post
by
Mokum
Minimal transfer amount & hardware wallet (7/01/2021)
by
Mokum
Minimal transfer amount & hardware wallet (7/01/2021)
The current software wallet I have has a minimal transfer amount of 0.003 btc. Now that btc is this high ( 37k at the moment), it starts to become a real issue. I ordered a hardware wallet but I think (correct me if I am wrong) that I still need some kind of software wallet/app to make payments. What works best with hardware wallets and doesn't has this (high) minimum transfer amount?
Thank you and love you all.
Thank you and love you all.
+2.8 votes
3 posts
by
Oneoddsock
I am utterly clueless
by
Oneoddsock
I am utterly clueless
So... My delving into bitcoin has been an immeasurable failure so far. I ended up in etoro? Okay... So that needed me to transfer them to a wallet. Fantastic. Let's do that. No it won't let me. Wait, now I'm confused. Fuck this crap... Sell and withdraw my money and try something else.
Verified now in bitpanda. But have to wait a few days for my money to return before I can buy any more. Feel like an idiot and have no idea what I'm doing.... ?
Verified now in bitpanda. But have to wait a few days for my money to return before I can buy any more. Feel like an idiot and have no idea what I'm doing.... ?
+17 votes
9 posts
BTC at 17K GBP!!
BTC at 17K GBP!!
I haven't seen prices like this since 2017. how high will it go?
I've been messing around with crypto about 4 years now. Buy as much BTC as you can and just hold it, dont spend it. Have a working BTC wallet and a savings wallet. If sure does add up especially with big jumps like recently. BTC is only getting started. Its being adopted by US Financial Institutions as a hedge against USD inflation. The price of BTC will probabely double again next year. Some people think it could hit 100k USD.
I hope it hits 100k, would make me a very rich man haha
the future of btc is looking good. if im honest i am no crypto wizzer but everything im reading is promising. who knows. Cheers UKDD
I think your right about that
You make any money from the rise?
I made a big order of distillate just before it went up so i'd spent a lot of my btc so I din't make too much either, oh well haha
+2 votes
2 posts
by
theStrokes
will para-chains take down the value of btc?
by
theStrokes
will para-chains take down the value of btc?
btc is the slowest Blockchain to evolve and if people have an easy way to use a better coin they will.
para-chains make this happen.
para-chains make this happen.
+11 votes
7 posts
by
Agent Blue
I'm a fool
by
Agent Blue
I'm a fool
So I've never used bitcoin before! I setup a wallet and made a payment, waited for it to go through and then checked my bitcoin wallet and it showed the amount I paid for in there. I then proceeded to try and make a transaction but couldn't work out why it said I had no bitcoin to spend, and I was like "wtf why can't I spend this". I didn't realize that you have to wait for the bitcoin to go through another process of bitcoin transaction or whatnot...
I guess I just have to wait a little longer before I can spend the bitcoins..
Hmm so the transaction went through and I've made 2 orders so far, I've tried to put a another order through but for some reason it says I don't have the bit coin for it even though I do. Any ideas why this is happening?
I guess I just have to wait a little longer before I can spend the bitcoins..
Hmm so the transaction went through and I've made 2 orders so far, I've tried to put a another order through but for some reason it says I don't have the bit coin for it even though I do. Any ideas why this is happening?
Well it seems its all fixed now, I've placed my orders and now just have to wait.
Sorry about all this I'm new to using bitcoin and was a tad worried about the situation!
Here's a bad joke to make it up.
I told my wife I was going to make a car out of spaghetti, fussili and macaroni, she thought I was joking but she won't when I drive pasta.
Sorry about all this I'm new to using bitcoin and was a tad worried about the situation!
Here's a bad joke to make it up.
I told my wife I was going to make a car out of spaghetti, fussili and macaroni, she thought I was joking but she won't when I drive pasta.
You should be able to spend unconfirmed bitcoins, I do it all in the time using electrum wallet, maybe there's an option you need to enable in your wallet.
As for the second part do you have enough BTC to cover the transaction fee as well as the payment? remember you always need a little bit extra :)
Good luck mate
As for the second part do you have enough BTC to cover the transaction fee as well as the payment? remember you always need a little bit extra :)
Good luck mate
Yeah I made sure that I had enough in my wallet to buy my items and have more than enough to cover any transactions I made. Like I said I new to bitcoin and am most probably just having some teething problems at the moment.
I'm using a ledger nano 2 just for reference.
I'm using a ledger nano 2 just for reference.
+1 votes
1 post
by
Mokum
Head shops that accept bitcoin (18/12/2020)
by
Mokum
Head shops that accept bitcoin (18/12/2020)
Hi Biggaz,
With Bitcoin going nuts write now, I like to go shopping (besides LB :) with the bitcoins I already had. I was looking for good head shops that accept bit coin. "Everybodydoesit" doesn't do his name justice, because they stopped accepting bitcoin.
So if you know any let me know.
Thanks in advance and have happy holidays.
With Bitcoin going nuts write now, I like to go shopping (besides LB :) with the bitcoins I already had. I was looking for good head shops that accept bit coin. "Everybodydoesit" doesn't do his name justice, because they stopped accepting bitcoin.
So if you know any let me know.
Thanks in advance and have happy holidays.
+14 votes
8 posts
by
dugly fresh
how can i earn some bitcoins?
by
dugly fresh
how can i earn some bitcoins?
Sign up with coinbase them do the learn about other crypto stuff u can earn a few quid in each new type by watching a small vid and answering questions about it then sell the other types and buy bitcoins ,I have had a few grams from that
Earn some btc passively on your device, just check out the link, dont like, dont use
check out the {bounties} page there are many kinds of internet work available for pay in bitcoins.
Bounties? Got a link?
Cntfinddatpagemayt
+4 votes
3 posts
by
greencigar
BTC Legacy Address
by
greencigar
BTC Legacy Address
I've just been granted a refund through escrow and have been asked for my legacy BTC address. I've done some research, but can only find the regular addresses my wallet gives me to receive BTC. Has anyone encountered this issue? Many thanks in advance.
Are you using coinbase? If so i think coinbase exchange only uses the legacy wallet address (wouldnt use the exchange wallet on these types of websites as iv heard peoples accounts being banned), when in coinbase wallet you can flip between 2, legacy being 1 of them but as for other wallets i do not have a clue sorry
+7.8 votes
4 posts
by
zz87
Argh bitcoin!
by
zz87
Argh bitcoin!
Sorry biggas ignore me just need to rant about how annoying buying bitcoin is! lol
My new license still hasn't shown up so I still can't buy any more BTC from my usual source (bittylicous) - been trying all night to find another source without ID and they're all full of shit, every single one of them. Loads of places claim to sell without ID but none of them actually will and it's pissed me off how much time I wasted looking and I should have known the outcome!
Thankfully I have plenty of local spots to get my bud from but I really wanted to get some more orders in on here where I can pick my strain and support some great sellers that I've got used to getting lovely little deliveries from! :)
Ah well fuck it, back to waiting for the DVLA... however long that will take lmao
An enterprising bigga with money to spare should set up a btc exchange especially for us littlebiggy members! :P
My new license still hasn't shown up so I still can't buy any more BTC from my usual source (bittylicous) - been trying all night to find another source without ID and they're all full of shit, every single one of them. Loads of places claim to sell without ID but none of them actually will and it's pissed me off how much time I wasted looking and I should have known the outcome!
Thankfully I have plenty of local spots to get my bud from but I really wanted to get some more orders in on here where I can pick my strain and support some great sellers that I've got used to getting lovely little deliveries from! :)
Ah well fuck it, back to waiting for the DVLA... however long that will take lmao
An enterprising bigga with money to spare should set up a btc exchange especially for us littlebiggy members! :P
Non anywhere near according to google, hard to find normal cash machines round here though lol I'm going to do a shoutout to my real world people and see if anyone I know has any they can sell me I doubt it but you never know - will be ok though now I've had a whinge about it my ID is bound to show up next week haha fingers crossed! :)
+8 votes
3 posts
what exactly is a bitcoin?
what exactly is a bitcoin?
It is the reward currency of a secure global cryptography network run by many and ruled by none. Bitcoins can only be made by the people/computers validating transactions on the network and the number left to be made gets reduced by 50% every 4 years i think.
a long string of data in a decentralised network. essentially nothing, like "real" money. it's only value is the value we place upon it.
+38 votes
9 posts
by
horn7
Brock Pierce: The Hippie King of Cryptocurrency
by
horn7
Brock Pierce: The Hippie King of Cryptocurrency
Child actor becomes a billionaire non-cunt
Did he ever give away all that coin?
An update interview here
Steve Bannon was his right hand man?
Yuk. Left hands yum
shows anything is possible kids
+4 votes
2 posts
by
theStrokes
Why are Decentralized Exchanges Still a Fail?
by
theStrokes
Why are Decentralized Exchanges Still a Fail?
I don't mean alt coin exchange, I'm talking fiat to BTC.
There are already enough individual traders on centralised p2p like LBC, why don't at least some of them move over?
Or is it not enough buyers?
You could say it's a chicken and egg problem but so was LBC and they got off to a much faster start in a smaller market.
There are already enough individual traders on centralised p2p like LBC, why don't at least some of them move over?
Or is it not enough buyers?
You could say it's a chicken and egg problem but so was LBC and they got off to a much faster start in a smaller market.
None of them are marketed in any meaningful way.
+8 votes
2 posts
by
bayou
Where to Buy Bitcoin In India?
+10 votes
4 posts
by
greencigar
Transaction fees have eased off a bit...
by
greencigar
Transaction fees have eased off a bit...
Looks like the whopping great fees that have been in play over the past week have taken a little dip. A good time to send coin! Heads up, people.
Today paid 19p for transaction fee.
The reward: "Pending" for 3 hours as no miner wants to go near it, now ETH has dropped since I made the transfer and can't do fuck all just watch the price I paid drop and drop while waiting for it to go through haha draining.
The reward: "Pending" for 3 hours as no miner wants to go near it, now ETH has dropped since I made the transfer and can't do fuck all just watch the price I paid drop and drop while waiting for it to go through haha draining.
Cheers mate done a fiver for 50 quid tx last week
No stress, man. It all adds up over the month!
+101.5 votes
18 posts
by
quentinT
what determines the price off bitcoin?
by
quentinT
what determines the price off bitcoin?
im not an econ guy but im really curious how professionals look at this.
I believe that BTC price is determined by an alcoholic garden fairy, named Phil. He takes his most recent Pacman score (he plays nearly everyday) divides it by the middle two digits of a random phone book entry, then multiplies it by the number of things he can see that begin with the letter 'F'. That, to the power of 3 and dived by Pi, is the current value of BitCoin.
Haha, you write really well. Reminds me of Douglas Adams.
Kudos.
I've posted this before on here but when the Silk Road was a thing (around 2014), I bought 46 bitcoin for $9 each. Spent them all on drugs.
Didn't save any.
Apparently you live and learn but that was a hell of a pill to swallow when they went to $10,000 a piece!
Oh well. Fuckabix.
Cheers BB
Kudos.
I've posted this before on here but when the Silk Road was a thing (around 2014), I bought 46 bitcoin for $9 each. Spent them all on drugs.
Didn't save any.
Apparently you live and learn but that was a hell of a pill to swallow when they went to $10,000 a piece!
Oh well. Fuckabix.
Cheers BB
Feel your pain here but. I've bought copious amounts of bitcoin at £9, £12, £18 in bigger quantities and did exactly what I intended to use them for, buying weed ha. Which was incredible at the time. No regrets, we weren't to know. It was a lot of new scarily complicated information at the time and a lot to figure out. I'd try spend mine as quick as possible as overnight they were way less or sometimes way more, this use to baffle and scare me ha
You also have the halving coming up, which will further reduce supply, unlike quantative easing from fiat currency.
Institutional investors and insiders have the biggest impact though the former are more volatile. It basically trades like a growth stock so news effecting the adoption of the currency like news on regulation has a big impact. Note this rarely has to do with adoption by users it's more about whether big funds can buy btc.
Pretty much all coins vary in value like stocks do. There is finite supply of coins based on mining, which is using processor power to solve pieces of the block chain which gets more difficult as it progresses. However no matter the amount of coins that are availible if they are not wanted then the price goes down.
Often times certain events influance the demand for the currancy. The reason it went down this time was due to a Coinbase announcement that they where not going to be allowing BCH trades for a specific period after the hard fork that happened just recently. A big BTC holder sokd off a shiload of coin which started it to drop and of course others started following suit and sold off their coin as well. There are also things like market corrections, people pulling out to invest in stock or alt coins and a bunch of other random shit. Some of which is predictable and others very much not so.
Hope that kinda sumarizes things.
Often times certain events influance the demand for the currancy. The reason it went down this time was due to a Coinbase announcement that they where not going to be allowing BCH trades for a specific period after the hard fork that happened just recently. A big BTC holder sokd off a shiload of coin which started it to drop and of course others started following suit and sold off their coin as well. There are also things like market corrections, people pulling out to invest in stock or alt coins and a bunch of other random shit. Some of which is predictable and others very much not so.
Hope that kinda sumarizes things.
The cryto world is even more fickle then the actual stock market. CoinBase is one of the biggest market places / sellers of crypto so it put a lot of people on edge. Been downward a lot since then.
I noticed my wallet went down a couple days ago, the pound happened to drop at the same time, is this just purely coincidental?
OK what determines supply and demand?
Supply is limited by mining difficulty so it's always growing at a slower rate. Basically coins are getting harder and harder to mine.
So the bitcoin value should be increasing not decreasing?
Demand is another matter, who buys bitcoins? Besides biggaz? Speculators, "fin-tech" traders of every size and shape but they all look for one thing: a quick profit. Their dealings amongst themselves is all game theory and meme-pumping. So lots off ups and downs.
This is why the long term trend is up. The way this mob looks at things is "asset classes" and "exposure". Once the portfolio managers have permission from their elders crypto is declared an asset class. Then the managers are actually required to have exposure to it.
+3 votes
2 posts
by
24601
Revealed: How North Korea Laundered $100 Million of Stolen Crypto
by
24601
Revealed: How North Korea Laundered $100 Million of Stolen Crypto
+27 votes
9 posts
One Bitcoin Transaction Uses as Much Energy as Your House in a Week
One Bitcoin Transaction Uses as Much Energy as Your House in a Week
I love btc but this is so fucked up, we need a solution
That does take into account the mining of the BTC aswell but I see what you mean mate pretty fucked up
Wouldn’t be a problem if governments allowed free energy technology to flourish. Also if you compared the environmental cost of gold to that of bitcoin then bitcoin would come up looking like it’s made of pure daisies.
How in the hell did that happen? Seems impossible, especially when you, if you're lucky, only take a couple of minutes to buy and send them. I always question the source when it comes to climate change.
it's the mining of them that takes all that CPU power bud
It's the nature of bitcoin that causes this. The transaction confirmations we wait for for require very complex and duplicative processing across a worldwide network of computers. Just think about the security for an open network like this to work and you can start imagine the horsepower.
Granted, but as l said, l always question the source when it comes to climate change. The people who believe in it will say anything to advance their agenda. Now, if we're talking about CERN, that's understandable. They use enough energy to power a large city for a week each time they use it. Also have to take into account the price for electricity has risen quite a bit since last year. I paid over $400 on my electric bill last summer. That's after l used to pay $200 during the same period the year before. I think that should be taken into account as well. It could, on its face, look like more power is being used when it's actually just a rise in price for said electricity. I've been around long enough to know the length people will go to to push their beliefs down everyone's collective throat. This could be one of those times.
I've seen references to btc being energy wasteful but never had an idea it was this bad, thanks for presenting this analogy.