• I've got a spare Raspberry Pi 3, and a 120GB SSD. What's the simplest way to start a Lightning node?
    Bitcoin - The Currency of the Internet - 10 minutes ago
    I know that 120GB isn't close to enough to store the full chain, but I understand that this isn't always completely necessary? I have enough experience to get a Pi up and running as a personal Samba server and seedbox with help from tutorials. I have basic knowledge of navigating a unix terminal. That's about it. Is there a relatively simple and quick, and – most importantly – secure, way to get a Lightning node up and running? I want to do my part to help, plus I hear I can stack a few sats on fess if I get lucky. Thanks (I'm expecting a lot of replies that begin with: "First, get a Pi 4 and a 500GB-1TB SSD") submitted by /u/MiguelLancaster [link] [comments]
  • The Unhashed Podcast: Bitcoin ATMs everywhere
    Bitcoin - The Currency of the Internet - 52 minutes ago
    submitted by /u/BashCo [link] [comments]
  • Pleb Takeover Round II - Drinks in Quarantine
    Bitcoin - The Currency of the Internet - 1 hour ago
    submitted by /u/Bitcoin_Magazine [link] [comments]
  • Tales from the Crypt: Rabbit Hole Recap: Week of 2020.09.21
    Bitcoin - The Currency of the Internet - 1 hour ago
    submitted by /u/BashCo [link] [comments]
  • Living on Crypto in Colombia
    Bitcoin - The Currency of the Internet - 1 hour ago
    submitted by /u/bitrefill [link] [comments]
  • Raoul Pal on Why He's Irresponsibly Long Bitcoin
    Bitcoin - The Currency of the Internet - 2 hours ago
    submitted by /u/SandwichOfEarl [link] [comments]
  • Copying the blockchain to another drive
    Bitcoin - The Currency of the Internet - 3 hours ago
    So i took some time to download the blockchain and now i want to make an external HDD as my full node, but i don't want to redownload everything again. What archives do i move into the HDD to spare me the synchronization time? submitted by /u/Terminator-Atrimoden [link] [comments]
  • New Release of Drivechain mainchain client (v34) and sidechain client (v7)
    Bitcoin - The Currency of the Internet - 3 hours ago
    submitted by /u/lightcoin [link] [comments]
  • Do you still trust banks? (animated Bitcoin art)
    Bitcoin - The Currency of the Internet - 4 hours ago
    submitted by /u/HODL_CRYPTO [link] [comments]
  • Pull Requests - Bitcoin ACKs (bitcoinacks.com)
    Bitcoin - The Currency of the Internet - 4 hours ago
    submitted by /u/rnvk [link] [comments]
  • Bitcoin Helps Cubans to Free Themselves From the U.S. Embargo
    Bitcoin - The Currency of the Internet - 6 hours ago
    submitted by /u/sylsau [link] [comments]
  • What are your favorite Bitcoin videos and links?
    Bitcoin - The Currency of the Internet - 6 hours ago
    Mine is Andreas Antonopolis infrastructure inversion. https://youtu.be/KXIaILHl7Rg submitted by /u/hamspamblamtram [link] [comments]
  • Bitcoin number go up big time today, anybody know whats happening? new whale? Grayscale bought 6,754 BTC yesterday, they coming back for more?
    Bitcoin - The Currency of the Internet - 7 hours ago
    Grayscale bought 6,754 BTC yesterday and the price didnt move until today, what gives. is there a 3rd whale? is microstratgy grabbing a third load? whos buying the boat load??? submitted by /u/atrueretard [link] [comments]
  • Crypto.com copying your clipboard on app launch 😡
    Bitcoin - The Currency of the Internet - 7 hours ago
    submitted by /u/mgxm1 [link] [comments]
  • Could someone ELI5 what it means when it is said that a miner needs to hash the block’s header in such a way that it is less than or equal to the target?
    Bitcoin - The Currency of the Internet - 7 hours ago
    In particular the 'less than' part. Why is not just equal to? I realize this is a dumb question but I'm struggling. If we think about it as trying to guess a number between one and ten, and the target is 3 but the answer can be less than or equal to 3 (and everyone knows this) wouldn't everyone guess the lowest number (0 or 1)? I'm very confused about this and have not had any luck finding an easy to understand answer. Thank you in advance for any help. Edit: These answers are great, I won't go replying to each one but just wanted to say thanks to all who have responded. I think I'm starting to get it at last. submitted by /u/confusedaboutbitcoin [link] [comments]
  • Guy Builds ATM Machine Where You Can Buy Bitcoin Using Your Spare Change
    Bitcoin - The Currency of the Internet - 8 hours ago
    submitted by /u/22Hertz [link] [comments]
  • Cab driver just asked if I wanted to pay in cash, credit or bitcoin.
    Bitcoin - The Currency of the Internet - 9 hours ago
    He then went on to explain bitcoin very well. It was a big surprise and great to see. submitted by /u/SeminolesRenegade [link] [comments]
  • A Massive Bitcoin Artwork Is Being Auctioned At Christie’s
    Bitcoin - The Currency of the Internet - 10 hours ago
    submitted by /u/SaneFive [link] [comments]
  • How Donald Trump’s Call for a Complete Ban on WeChat in the U.S. Could Benefit Bitcoin
    Bitcoin - The Currency of the Internet - 10 hours ago
    submitted by /u/rachidafr [link] [comments]
  • Spain: Some 120,000 BTC at Stake After Crypto Trading Bot Arbistar 2.0 Reportedly Glitches
    Bitcoin - The Currency of the Internet - 11 hours ago
    submitted by /u/wmredditor [link] [comments]
  • Ternio Opens the ability to Purchase Bitcoin Directly From BlockCard’s Bank Account
    Bitcoin - The Currency of the Internet - 12 hours ago
    I just signed up for the Blockcard bank account because I was looking for an easier way to buy BTC with my euros. It indeed turned out to be the best and easiest way for me as a noobie. Good job ternio team submitted by /u/GenevaRojas [link] [comments]
  • Three Iranian Power Plants Will Soon Be Mining Bitcoin
    Bitcoin - The Currency of the Internet - 14 hours ago
    submitted by /u/Dismal_Brown_nose [link] [comments]
  • Daily Discussion, September 24, 2020
    Bitcoin - The Currency of the Internet - 17 hours ago
    Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. submitted by /u/rBitcoinMod [link] [comments]
  • MicroStragegy’s Bitcoin Play is Just Smart Business, Nothing Else: CEO Explains
    Bitcoin - The Currency of the Internet - 18 hours ago
    MicroStrategy has been featuring more in cryptosphere and it all started when it converted its primary asset base into Bitcoin. However, the business intelligence software provider is also staying aware of the possible swings in Bitcoin’s price and is ready to sell at a moment’s notice. Safety Amid an Economic Downturn Earlier this week, Michael Saylor, MicroStrategy’s chief executive, sat for an interview with Bloomberg, where he spoke about the firm’s shocking move to hold over $400 million in Bitcoin. There, he explained that they see Bitcoin as a safer asset, especially compared to cash and gold. Saylor explained in part that he chose to make the move to Bitcoin because he had seen the impact of the coronavirus pandemic on traditional assets. Before the pandemic hit, the firm had about $500 million in assets, which it had invested primarily in short-term government securities. Sadly, the pandemic caused yields on the securities to tumble, and Saylor knew that the company had to move into something more reliable. “Once the real yield on our treasury got to more than negative 10%, we realized that everything we are doing on P&L is irrelevant. We really felt we were on a $500 million melting ice cube,” he said. The company eventually found the safety it sought with Bitcoin. In July, MicroStrategy announced in a formal announcement that it had switched its primary asset base to the leading cryptocurrency, purchasing about 21,454 BTC for $250 million. Among other things, the Virginia-based tech giant highlighted that Bitcoin had proven itself a dependable store of value. In the weeks since then, MicroStrategy has doubled down. In a filing with the Securities and Exchange Commission (SEC), it confirmed that it could purchase even more of the asset. However, that would only happen after assessing its cash needs and business strategy. Just Business for MicroStrategy Days later, the company purchased an additional 17,000 BTC tokens — bringing its total Bitcoin haul to about $425 million. Considering that it is putting a lot of its eggs in the crypto basket, Bloomberg was curious about whether Saylor was worried about Bitcoin’s famed volatility and how much a sharp price drop could gut his firm. However, Saylor brushed off any concerns. In part, he said: “We can liquidate it any day of the week, any hour of the day. If I needed to liquidate $200 million of Bitcoin, I believe I could do it on a Saturday.” Saylor added that the asset’s volatility isn’t much of a problem as he could quickly move away from it and get the company’s money back. The CEO also pointed out that he wasn’t committing to Bitcoin as a passion project. He noted that his firm’s decision to buy the asset was merely due to its proven stability over the past few months, and he would liquidate his company’s holdings if he saw some other alternative assets with greater yields. For now, however, Saylor is all-in on Bitcoin. The CEO further predicted that more companies would make similar moves, adding that private companies are currently in the right position. submitted by /u/cryptoanalyticatech [link] [comments]
  • Bitcoin Newcomers FAQ - Please read!
    Bitcoin - The Currency of the Internet - 1 month ago
    Welcome to the /r/Bitcoin Sticky FAQ You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential: Video 1: Introduction to Bitcoin – Andreas Antonopoulos Video 2: The Trust Machine Video 3: Bitcoin 101 – Balaji Srinivasan Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements and scaling resources here and here. The number of times Bitcoin was declared dead by the media can be found here (LOL!) Key properties of Bitcoin Limited Supply – There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here. Open source – Bitcoin code is fully auditable. You can read the source code yourself here. Accountable – The public ledger is transparent, all transactions are seen by everyone. Decentralized – Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi. Censorship resistant – No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint. Push system – There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them. Low fee scaling – On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet. Borderless – No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed. Trustless – Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work. Pseudonymous – No need to expose personal information when purchasing with cash or transacting. Secure – Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets. Programmable – Individual units of bitcoin can be programmed to transfer based on certain criteria being met Nearly instant – From a few seconds to a few minutes depending on need for confirmations. Transactions are irreversible after one or more confirmations. Peer-to-peer – No intermediaries with a cut, no need for trusted third parties. Portable – Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security). Scalable – While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin. Divisible – Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin. Designed Money – Bitcoin was created to fit all the fundamental properties of money better than gold or fiat Where can I buy bitcoins? Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases. Cash app Gemini Swan Bitstamp BitFinex Xapo Kraken Cex LocalBitcoins LibertyX P2P exchange list (decentralized) Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)". Securing your bitcoins With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you. If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case. If you…