{bitcoin}

+1 votes

1 post

by doc holiday

is localcryptos a legit exchange?

+109.8 votes

28 posts

by breakingtheconditioning

CRYPTO APOCALYPSE

+6

by breakingtheconditioning

CRYPTO APOCALYPSE

How is everyone holding up XD

+4

Ronald1776 9.9/10

Just a thought but maybe corona could work wonders for bitcoin ie minimise cash transactions holding and touching card readers etc

+4

poop lion

nice idea you money launderer you

+5

Gods Connect 9.9/10

We got wrecked lol. Long term still very bullish and are hodling for dear life.

+5

tigrrboxer

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 :(

+4

ShedSmoker

Done it twice in a two weeks man...feel your pain...coinbase froze me yesterday too...

+4

tigrrboxer

ugh coinbase is the worst. even a bitcoin atm is better than coinbase.

+3

grumpybloke

Lost about £40 this morning, bummer!
I knew I should have made an order last night.

+1

Smee

Just new funds in when you make a purchase, that what you have sitting there will go back up after the covid-19 pandemic

+5

ShedSmoker

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...

+3

Seno

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.

+4

Smee

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

+2

Smee

Only buy coin when you purchase

+6

lettuceman 10/10

buy £40 worth of bitcoin now and sometime soon it will double......mayybe

+1

Smee

Well I have a theory like yours I’ll mention above

+5

anders1976

Shocking this bitcoin has dropped nearly 4K in value

+6

Ronald1776 9.9/10

Spare a thought for the people recieving payment from 2 weeks ago today lol joking aside it’s a bloodbath covering more than mark ups leaving no choice but to hodl and hope the halving happens in may I think so should see decent gains then

+7.8

British Bulldog 9.7/10

Spare a thought for those of us (me) who bought 50 bitcoins around 2014 for about £9 a piece then like a twat spent them all on drugs on the Silk Road and didn't even save one. Spent every last digit.

Fuckabix.

Mind you, my story isn't as bad as one guy's who bought 1200 when they first came out at something like $0.10 a piece then threw away the computer with all the information on as to where his wallet etc was. His story is somewhere on the internet. I'd be completely mortified! At least i got some drugs out of mine, he just threw his away!

Hindsight is a wonderful thing. ;)

+4

ShedSmoker

Hodl to fuck if you’re a vendor I reckon?! Must eat into working capital though, feel for you man, must be harsh watching your money disintegrate as it flies through space towards you!

+4

Ronald1776 9.9/10

Yea it’s a pain at the min mate I’ve been involved with crypto for years but never been paid for anything with crypto before lb and you have to wait 2 weeks for escrow so when it dives like this I feel it but just got to wait for the bounce back as selling at a loss isn’t something I’m willing to do would rather double down and try to move as much as possible while it’s down now so when/if it goes back up I’m in a position to profit back on the rise

+3

jj5637901 9.7/10

Difficult situation for vendors at moment

+2

puffman

me thinks its painful both ways.

+1

Smee

Nah man cause anything they get now will double in value, they’ll make a killing lol

+4

ShedSmoker

Yeah, I have been trading little crypto for about 3 years now just making little bits and bobs here and there (and losing some lol), done ok on a couple of the runs but caught out this time... have been ploughing bits of cash in for last few weeks banking on it following gold in times of crisis etc (coronovirus) but it's actually done the opposite and fucking tanked...

I was banking on the 'safe haven' theory etc, served me well a couple of times in the past but...ah fuck...this week my theory shit has cost me about an oz of weed... now I'm trying to hodl til I'm back in the black instead of spunking it on here ha ha...

+3

Ronald1776 9.9/10

That’s the plan mate to sell now would be financial suicide I’ve got a bit to plough into weed to keep going anyway let’s just hope for higher highs after the halving

+3

grumpybloke

Bloody hell yes my thoughts are with you, after the grilling you have had as well, It seems to have stabilised now let's hope it only goes up now

+5

Ronald1776 9.9/10

I’m telling you mate I’m bullish on bitcoin long term anyway lol

+5

defnote

word. the craziest bitcoin optimist once believed it would be worth 100 a coin. it was much harder getting there than anything that lies ahead

+17 votes

3 posts

by Sean Pencil

Anyone Try Paybis?

+2 votes

2 posts

by Awohwoh

why is everything in $ ?? It may be obvious but im confused !!

+88 votes

15 posts

by quentinT

what determines the price off bitcoin?

+18

by quentinT

what determines the price off bitcoin?

im not an econ guy but im really curious how professionals look at this.

+4

ilsenator

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.

+3

dr drek

oh that bigga

+2

ChronusBuds 9.8/10

You also have the halving coming up, which will further reduce supply, unlike quantative easing from fiat currency.

+3

The L Grow Collective 9.5/10

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.

+10

guruofinfo

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.

+1

dooooy

Shouldn't that coinbase announcement help BTC as it's a substitute for BCH?

+3

guruofinfo

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.

+3

Bazza 9.9/10

I noticed my wallet went down a couple days ago, the pound happened to drop at the same time, is this just purely coincidental?

+8

howD

Supply and demand. Not being short here but every price comes down to that.

+7

Franklins 9.7/10

OK what determines supply and demand?

+6

bojack

Supply is limited by mining difficulty so it's always growing at a slower rate. Basically coins are getting harder and harder to mine.

+5

Bazza 9.9/10

So the bitcoin value should be increasing not decreasing?

+7

1st National Dispensary 9.8/10

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.

+8

big Joshua

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.

+43 votes

4 posts

by porch honkey2

bitcoin vs ethereum

+13

by porch honkey2

bitcoin vs ethereum

What are the main differences between bitcoin and ethereum?

+10

ed's edibles 9.6/10

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.

+6

defjelly

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.

+14

she who betrayed us

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.

+4 votes

1 post

by Hootie and the Blow Job

technology or privacy - which made btc so valuable?

+4 votes

3 posts

by Blunt man

Hi everyone

+63 votes

8 posts

by foster

Money as a system of control (video)

+21

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.

+3

5chan

super inspiring wish more people would see how they are played by the system.

+6

christopher

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.

+8

$e^{i \pi} + 1 = 0$

e^{i \pi} + 1 = 0

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.

+9

5chan

He gives me hope that the revolution is unstoppable, that an exit from a corrupted society is not only possible but inevitable.

+5

3pac

In the meantime we have LB :)

+5

amirTheMan

All of his lectures are great. I'd recommend the podcasts over the video, they look like a spycam.

+6

coldspurs

Spot on

+1 votes

1 post

by Srfcsean 9.5/10

Coinbase moving to Ireland 1st February

+3 votes

2 posts

by Shaggy23

Blockchain

+5 votes

2 posts

by dan777

Buying Bitcoin without verification

+19 votes

4 posts

by sam love

Cryptoradar finds the best deals for bitcoin

+6 votes

2 posts

by ficek100

Coinbase deposit

+40 votes

7 posts

by breakingtheconditioning

Why BTC when you have STABLECOINS

+11

by breakingtheconditioning

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...

+10

ThePopeOfDope 9.8/10

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

+1

$e^{i \pi} + 1 = 0$

e^{i \pi} + 1 = 0

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.

+6

foster

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.

+6

breakingtheconditioning

https://medium.com/@james_3093/the-dai-stablecoin-is-a-game-changer-for-ethereum-and-the-entire-cryptocurrency-ecosystem-13fb412d1e75

What you are describing... is pretty much the DAI stablecoin

Here is a really nice article that isn’t too dry!

+3

Han duo

Nice, what are the exchanges like in USA and UK?

+3

breakingtheconditioning

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

-3 votes

1 post

by alfredjlas

…

ProperSix Bounty

+13 votes

5 posts

by high man Roth

Best BTC Buying app in USA Is Square Cash

+6

by high man Roth

Best BTC Buying app in USA Is Square Cash

https://cash.app/

Easiest, fastest and the best deal. I am done with coinbase!

+2

ram9198

thanks for this tip? Do I have to wait to get the cash card before trading?

+1

its420somewhere

Nope you can load it with an ach or debit card I think.

+3

1620

True this, I have switched from coinmama which is fast but more expensive.

+1

ram9198

I've having the hardest time after coinmama dumped me. I signed up on this app but can't make a trade yet.

+8 votes

2 posts

by bayou

Where to Buy Bitcoin In India?

+12 votes

6 posts

by energixed

Has anyone tried the Trust Wallet App?

+5

by energixed

Has anyone tried the Trust Wallet App?

Ive finally had it with Coinbase and see things have changed since I looked around. Does anyone know this app or another similar one?

+2

PeTeR BrAdY

Like the wallet but HUGE warning to anyone using their support. It's on an unmentionable messaging platform and its a fucking cesspool of scammers acting like they are support people asking for credentials.

+1

admiralBishop

Is Trust a no-trust wallet? And if so in what sense :)

+1

InsaneHumanity

Definitely +1 for Luno. Their app is very good and the sign up was simple.

+1

Amin2k4

Try the app called 'Luno' working great so far no problems.

+2

bit easy really 10/10

I can recommend this one as I use it meself!

+35 votes

7 posts

by horn7

Brock Pierce: The Hippie King of Cryptocurrency

+44 votes

11 posts

by fuckThe Vogons

Nuclear Weapons Engineers Caught Using Super Computers To Mine Cryptocoins

+12

by fuckThe Vogons

Nuclear Weapons Engineers Caught Using Super Computers To Mine Cryptocoins

https://arstechnica.com/tech-policy/2018/02/russian-nuclear-weapons-engineers-caught-%C2%AD%C2%AD%C2%AD%C2%ADminting-blockchange-with-supercomputer/

+2

UK 420 9.9/10

So whats the earning potential from them using this supercomputer.. 1 petaflop lol.. maybe someone can post up just an hour and a day using this computer for BTC mining..bet it would be insane haha

+3

puffman

I work in IT for a large bank. last year 4 analysts were shown the door for using a fail over IBM series 900 to mine bitcoin. It later came out that during night shifts over a 9 month period they pocketed 1.8 ish million $. No redress, just hushed up. not a bad hourly rate:)

+4

bit easy really 10/10

And I though no one ever got sacked for going with IBM ;)

+1

puffman

you don't if you pay for it, they just did'nt pay. :(

+1

Hollyweed 9.8/10

Hmm

+6

Chigga Supreme

That beats launching the missles

+4

smoker

Yes! This could be the way to redeploy the military and still satisfy their greed.

+3

fresh prince of transylvania

what about the body bags business youre not going to solve their problem are you?

+6

DJ MJ

Ha I always thought it would be cool if all the world's soldiers just switched to game terminals and we agreed on the outcome. They have all kinds of rules of war anyway why not just add a few we can wind up in the same place without killing anybody.

+2

BudEx 9.4/10

Seems we are getting there :)

+10 votes

3 posts

by Franklins 9.7/10

Vitalik: Control Is A Liablity

+2 votes

1 post

by morphx

Are crypto bail bonds a thing?

+2 votes

1 post

by djschuby

US arrests cryptocurrency exec over 'multibillion-dollar' fraud

+2 votes

1 post

by Bugeyes

If you had to invest in an ICO which coin would you choose?

+12 votes

4 posts

by UK 420 9.9/10

Crypto currency trading

+3

by UK 420 9.9/10

Crypto currency trading

Hi guys, just interested if anyone here trades any crypto currency / altcoins on binance or coinbase ect..
Be interested to see people views on some coins..
Currently HODL some IOSToken, Eos and ethos. I can see big things in the future with these altcoins.

+3

Franklins 9.7/10

I need a really really good reason for an alt coins existence otherwise its btc or eth. There are enough forks and scams and me toos. I like filecoin because it solves a real problem, distributed storage.

+1

guruofinfo

There are a few good altcoins that I can get behind. They have a good purpose or at least intend to when they catch on or when the time comes. However the volatility is horrible. They are good for doing some swing trading when you can spot one that is going to take off but lack stability. But then at the time of this post so do BTC and the other big coins.

+5

guruofinfo

I do a little alt coin trading on Binance but more so short holds for some small but quick proffits then put it back into BTC or ETH depending which is on the rise. Just play around with trading when my stock friends give me a heads up that something is going to break out into a bull run or if I am checking out the market and see one that looks promissing and on the rise.

+11 votes

5 posts

by UK 420 9.9/10

Bitcoin below £3600, serious losses

+2

by UK 420 9.9/10

Bitcoin below £3600, serious losses

What's gonna happen to bitcoin. Will things ease off..
Suffered serious losses over alot of recent transactions here.

+3

The Daily Puff 9.4/10

True that mate and I don't see a reason it's going to go up.

+2

poop lion

It never has mate. But the same up manipulation is set up each time it goes down so no worries

-1

Boots

Don't know what you are complaining about Daily puff, Bitcoin coming in no Puff going out you are still up,

+5

isoNation

Guys I appreciate it you standing behind your orders and not cancelling them like I've seen elsewhere when the exchange rate shits itself. That said know it sucks for customers too, we buy the coins we need then it comes up short then it falls some more while we buy the extra :(

+31 votes

8 posts

by senorbean

My fellow Americans: How the Fuck Are You Buying BTC?

+8

by senorbean

My fellow Americans: How the Fuck Are You Buying BTC?

Coinbase no longer takes cards. I can't say I'm going to miss them except I'm not sure where to go?

+1

guruofinfo

Bought up 1100 in BTC just two days ago with a card. Have to go theough different verification steps and gain a little trust first.

+2

deepweed

https://spectrocoin.com/ using this all the time from 2015

+2

bit easy really 10/10

Very good one but here is quote from them :(

"you're not allowed to link a card unless you would apply for user verification process - which is not possible because of the regulations in USA"

+2

bit easy really 10/10

Coinmama has been accepeting cards for years, another good option is with better rates is xcoins.io.

+4

justSEZ

Zell transfer using localbitcons.com. Super fast, like minutes.

+5

bit poppa

Use a bank account instead of a card, your options go from shit to shinola. You can even use your coinbase account, basically every exchange loves it.

+7

silk worm

Cex.io takes cards. They are a very legit exchange.

+11 votes

5 posts

by Emeralds 6.4/10

How to Buy Bitcoin without ID

+11 votes

5 posts

by m0l0ve

Buy Bitcoins Privately in Less Than an Hour

+5

by m0l0ve

Buy Bitcoins Privately in Less Than an Hour

https://paxful.com/

Paxful worked for me, what do you guys think?

+1

DaveAndCo

They are not at all helpful, don't answer questions and wanted me to sign a paper stating I had received something before I received it. I'm not going to pay approx £100 and say I've received it before I HAVE RECEIVED IT.
I agree with others who say their costs are excessive.

+1

Lankybastard

I just checked... it sucks. If l paid $195 l would get $47 worth of Bitcoin. That's bullshit. I think you should try to find someone else to buy from. As much as l hate coinbase, they still have one of the lowest rates, 3.99%. It's a pain in the ass to sign up with them, but it still beats the crap out of Paxful. Happy hunting my friend.

+1

Paine's Pamphlets 1/10

Excellent selection of ways to pay here.

+3

dark_wanderer

LocalBitcoins.com gives you a ton of payment choices for making purchases.

+2 votes

1 post

by peck

Anyone use instantbit? They accept cards.

+31 votes

11 posts

by Shakyjke88

Coinbase ? Is there any other way to buy bitcoins ,not used my account for a few days went to buy bitcoins and my accoun…

+2

by Shakyjke88

Coinbase ? Is there any other way to buy bitcoins ,not used my account for a few days went to buy bitcoins and my account restricted ,any one know if any more companies I can use please

+2

stickyicky 9.7/10

I use Satoshi Point ATM (4 times) and pay cash in, they take a small fee but all you need is your code/recieve address. It normally clears in a couple of hours....

+3

dark_wanderer

You can use a ton of different sites to buy btc. I personally recommend localbitcoins.com; changelly.com is a good one too. local will give you a variety of payment methods; all btc are locked in escrow and I haven't had an issue buying from anyone there yet.

+1

Lankybastard

That depends on how you pay for it. If you use PayPal or CC the rates will be a lot higher than using your bank account or cash.

+3

uncle charlie

When you get to the buy page on little biggy there is a list of suggestions for people who dont have coins.

+5

bit easy really 10/10

there are lots of superior alternatives, what country are you in?

+2

vikosh79

What are better alternatives for CH and /UAE?

+7

bit easy really 10/10

localbitcoins.com is a very good alternative for both of these countries. let me know if you need any help.

+1

dbrndbrn

Is it just me or localbitcoins has way too high exchange rates?

+2

porch honkey2

If you are in one of those countries you are going to pay a premium just to get coins and given the privacy of lbc that's worth it right there. But more importantly the thing with bitcoins is the fees are a fraction of the change in price from volatility. In the time you worry about the exchange rate from any particular trader the market moves more than this.

+3

howlateisnow

I don't think he (dbrndbrn) is in those countries. Cex.io is a good one for exchange rates.

+24 votes

10 posts

by Han duo

What's the best way to lose bitcoins?

+1

by Han duo

What's the best way to lose bitcoins?

+2

dark_wanderer

The "best" way (from my POV) for you to "lose" btc is for you to send them to me here --- 1EVpX3nEJ83q7LkaGaYffECrBrTjVXFwkt

The "worst" way to "lose" your btc is for you to either forget your priv key/password and/or for you to publish your wallet info online.

Either scenario is the same; you don't have those btc anymore. But, tbh; I prefer choice 1...

+2

Lankybastard

I was going to say buying them. I've lost plenty just by buying them. Don't wait to use them. You can lose a mint waiting. They even skim them from your USD wallet, not a lot but l thought it wasn't possible. I'm talking about Coinbase. I haven't tried other sellers because most don't do business in Georgia and the ones who do charge about 50% for every Bitcoin dollar you buy. Hopefully, this website will start accepting bch. From what l hear it has almost no fees when you buy it and send it and it's easier to use than btc.

+5

phentermine jean

Ha this is actually a real good question I lost 500 bucks worth when I lost my password!

+4

Anderson's 9.6/10

The best way to not lose bitcoins is to spend them or store them carefully, it's the in-between where folks lose them.

+2

Lankybastard

In between can be a bitch.

0

borope

Isn't there a way to recover your password at most exchanges?

+4

thc in the uk 9.5/10

Exchanges sure but if you have a wallet on your comp you are on your own. Ironic because I bet a lot is lost this way avoiding the risk of storing coins on the exchanges.

+3

Gretel Boards 10/10

I've lost coins both of these ways! Can't say what the best is but losing the wallet password was the worst since the person I wanted to strangle was well within reach.

+1

Lankybastard

Both you and me. It's a nightmare dealing with Coinbase. There hasn't been a single time when l didn't have problems with my purchase(17 times).Tell you what. Swing by my place the next time you feel like strangling them. We can go to California and physically express our grievances with them. Maybe afterwards we can go to Disneyland or some shit like that. Just don't try to get me to go to San Francisco. I couldn't handle being that close to the 9th circuit.

+7 votes

2 posts

by fan4

What happens when bitcoin miners take over your town

+2 votes

1 post

by ed's edibles 9.6/10

best btc2 altcoin exchange?

+16 votes

5 posts

by ed's edibles 9.6/10

One Bitcoin Transaction Uses as Much Energy as Your House in a Week

+8

by ed's edibles 9.6/10

One Bitcoin Transaction Uses as Much Energy as Your House in a Week

https://motherboard.vice.com/en_us/article/ywbbpm/bitcoin-mining-electricity-consumption-ethereum-energy-climate-change

I love btc but this is so fucked up, we need a solution

+1

Lankybastard

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.

+2

all anx

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.

+0

Lankybastard

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.

+5

The Tree Shop 9.2/10

I've seen references to btc being energy wasteful but never had an idea it was this bad, thanks for presenting this analogy.

+26 votes

10 posts

by kincaid

Anyone interested in using btc cash or ether here?

+8

by kincaid

Anyone interested in using btc cash or ether here?

I am thinking about writing a payment processor that uses one or both of these...

+2

UK-HIGH-SUPPLY 7.7/10

Apbsolutley. That would be brilliant for this site. The fees are getting ridiculous atm anything that could bring those down or eliminate them can only be good for little biggy. The amount of time this site has been active with other crypto currencies available i cannot believe it has not already been done. Let us no if you follow through with the plan we'd love to get on board.

+2

Nextdayweeduk 9.8/10

Yes we support this.

+3

BobBawBag

Oh yeah, anything with cheaper tx fees would be great!

+2

dark_wanderer

Always interested in using bch and eth; in fact, I get paid in eth; so, I'm VERY interested.

+1

sf fan

That's awesome, may I ask how someone gets paid in eth?

+2

rudy

Yes please! Would speed things up around here for everyone.

+2

chimp

Definitely interested,as bitcoin transaction fees are through the roof right now,I've paid as much as €20 to miners to confirm transactions recently,maybe Litecoin would be another option to consider too,virtually zero transaction fees and extremely fast turnaround times.

+3

Lankybastard

Coinbase charged me $31 to send $7. Of course l didn't find that out until after l had tried to send $38, expecting to charged 3.5%. I tried to get a response from them but to no one's surprise, they ignored me. They should be grateful they're located on the left coast and I'm on the east coast. This definitely qualifies as reason to make a personal appearance. Fucking leeches! Before anyone makes a suggestion about trying someone else out, there is no one else that does business in Georgia, at least no one who charges less than 50%. ATMs are also out of the question. The closest one is 150 miles away in Florida.

+1

silk worm

Just try again and the fee will change. Coinbase is wicked but they aren't that wicked, the btc network is.

+6 votes

4 posts

by hartz

What if governments require registration of cryptocurrencies?

+13 votes

5 posts

by puffy

What is bitcoin cash?

0

by puffy

What is bitcoin cash?

+5

howD

On 1 August 2017 a parallel universe was born out of a singularity. We call this a fork. Everything was identical for 1 moment but then the 2 branches: bitcoin (btc) and the new bitcoin cash (bcc) became different currencies with different futures.

+6

Rob frost

Another analogy is its a clone of bitcoin, and everyone with a wallet on Aug 1 gets a free clone. After that new coins are mined separately on bitcoin and bitcoin cash, it's former clone.

+1

drake

It's noteworthy that it had a market cap in the billions from launch. You could call it hype cycling but when you realize what it is: a clone of a proven currency with an agenda to lower fees and serve everyday users then it's not so hard to understand.

+1

funk shway

Lower fees sounds good, I have paid like 30 bucks on a transaction recently

+5 votes

3 posts

by funk shway

Can I Buy Bitcoin Anonymously?

+9 votes

5 posts

by dugly fresh

how can i earn some bitcoins?

+6 votes

6 posts

by hopeful lee

The speed of the bitcoin network and the exchange rate are both chaotic but are they related in any way?

0

by hopeful lee

The speed of the bitcoin network and the exchange rate are both chaotic but are they related in any way?

+4

Madame Deal 9.4/10

Fucking great question

+1

drake

If there is a mass buy or sell circumstance then you sure have volatility and network overload. However speed can also be effected by miners taking something like an "industrial action", big miners start raising fee requirements and slowing the network down.

+1

ed's edibles 9.6/10

it's greed. these miners squeeze every satoshi out of every situation, i only hope some competition arrives for bitcoin.

0

christopher

mo money mo problems

0

los

When there is a buying fever or a sell-off it clogs the network and this effects speed.

+5 votes

2 posts

by special

How do bitcoin atms work?

+51 votes

5 posts

by Bit Cromwell 9.8/10

Buy Bitcoins w Cash/Card/Bank

+17 votes

4 posts

by bit poppa

Bitcoin Virgins Q&A

+8

by bit poppa

Bitcoin Virgins Q&A

I think a lot of us have been using btc so long that we lose sight of what a strange and confusing concept it can at first. This thread is for getting your head around btc and how it works on little biggy.

+2

jimmyjazz

It's all so ephemeral, it feels like I could lose the coins with a typing error or if my computer crashed. Am I being paranoid?

+1

blinders

Once I have my coins how do I send them?

+6

caringv

If you have your coins they are in a bitcoin wallet (like blockchain.info's) or an exchange account (like coinbase). Either way you will see a button for "send bitcoins" click on it and it asks for an address.

When you buy an item on little biggy you get a bitcoin address to pay for it. You get the address when you click on the "pay now" button. Just copy and paste it and you're done. You usually see confirmation in a minute.

Relax and remember if you have any problem there is no way to "lose" bitcoins, the record of where the coins went is public. There is no " I sent the check in the mail "nor " I never got your payment.