Andreas Antonopoulos: Bitcoin and Blockchain Will Bring ...

[uncensored-r/Bitcoin] Coinbase, Exchanges 'Won't Run' Lightning Network - Andreas Antonopoulos

The following post by Suberg is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7t3jth
The original post's content was as follows:
http://bitcoinist.com/coinbase-exchanges-wont-run-lightning-antonopoulos/
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Discussion • reddit - Coinbase exchanges wont run Lightning Network – Andreas Antonopoulos - by ReallyLittlehands

submitted by btcforumbot to BtcForum [link] [comments]

01-26 12:33 - 'Coinbase, Exchanges 'Won't Run' Lightning Network - Andreas Antonopoulos' (bitcoinist.com) by /u/Crawlzzz removed from /r/Bitcoin within 39-49min

Coinbase, Exchanges 'Won't Run' Lightning Network - Andreas Antonopoulos
Go1dfish undelete link
unreddit undelete link
Author: Crawlzzz
submitted by removalbot to removalbot [link] [comments]

Reminder from previous bull markets

Usually, bull markets attract a lot of new investors - although speculators should be the right word here - and as usual, a lot of them are going to be crushed a way or another.
First, before putting a single dollar, euro or whatever in the market, you should read a lot to know exactly what you're looking for.
Are you here for the tech and/or the cypherpunk ethos ? Great, there's lot of resources out there (my links are cleaned but as always, do your due diligence) :
Now, you've read and you want to put some skin in the game. Several exchanges are acceptable, a lot of aren't, be careful and assume that none really are (know that I won't post any ref links) :
This was for centralized exchanges aka CEX. Talking about custodial, you'll need wallets to store your (bit)coins. Always try to use non-custodial wallets, which means wallets that give you your private keys. This way, if the software goes down, you can always retreive your money. Now, I won't link to all the existing wallets but will advise you to buy hardware wallets (trezor or ledger but there are others) or to create (on off-gap computers) paper wallets you're able to store safely (against all risks, not only robbery but housefire). You also could use your memory with brain wallets but, my gosh, I wouldn't trust myself. For Bitcoin (or even Litecoin), Electrum software can do a good job (but save your keys).
AGAIN, DON'T KEEP YOUR SAVINGS ON AN EXCHANGE
Now, about trading : it's been repeated and repeated but don't chase pumps and altcoins. Yep, it's probably the fastest way to make money. It's also the fastest to lose it. I won't lie : I made good money during the 2017-bullrun and I took profits but I also forgot to sell some shitcoins thinking it would keep going up, now I'm still holding these bags (although I don't really care). I know that a lot forgot to take profits. Take profits, always take profits, whatever your strategy is. Don't fall for people trying to sell you their bags, for ICOs trying to sell you a product which isn't released yet and obviously, don't fall for people asking for your private key.
Also, know that there's two endgames : accumulating bitcoin or fiat. I'm rather in the first team but whatever your strategy is, take profits. (Yes, I know, some will say accumulating ethereum or something else). It's true that a lot of ethereum holders made a lot of money during the last bullrun (ethereum helped me make money too) but I'm really biased in favor of bitcoin (and monero). So, pick your coin but again, do your due diligence.
A lot of people here or there will talk about the best tech, the fact that bitcoin is old and slow. I would need another post to go further on this point but know that a lof of air flight systems are old too but reliable. Trustless and reliable is the point here.
This is the post from someone who bought bitcoin seven or six years ago, who lost part of them, who spent part of them (but don't regret this at all), who is still learning and I hope it will help others, although it would need a book to be complete.
submitted by EmmanuelBlockchain to CryptoCurrency [link] [comments]

Craig Wright provably defrauded the court when he claimed that a bonded courier had showed up with a list of public addresses asserting what Bitcoin he owned in the Tulip Trust. Andreas Antonopoulos' report explains the proof. Steve Shadders HAS to realise he's been fooled at this point.

Background: Craig has been ordered to submit a list of all the Bitcoin addresses he owned several times now. The first time he was given a hard deadline by Magistrate Judge Reinhart and simply ignored it. Then, in a last ditch effort to escape contempt of court and/or sanctions Craig Wright asked the CTO of his company nChain, Steve Shadders to spend 2 weeks putting together a list of Bitcoin he thinks belongs to Satoshi, based on statistical criteria that just happened to match the well-known Patoshi pattern analysis. While replicating existing Blockchain research over a space of two weeks as his top-priority, nChain CTO Steve Shadders managed to include a bug that resulted in 1749 addresses that don't match the Patoshi pattern. This is going to be important later, so keep it in mind.
The court wasn't happy with this last ditch, buggy, probabilistic attempt at producing the addresses he was commanded to produce, but they were especially unhappy with the litany of provable forgeries, perjurious statements, and evasive and dishonest testimonies from Wright that was impeding discovery and Judge Reinhart administered case-ending sanctions against Mr. Wright in response.
Judge Bloom overturned Reinhart's sanctions, though she explicitly agreed with Reinhart's credibility findings regarding Wright. She offered Craig a poisoned chalice:
In light of the Defendant's representations that the bonded courier is scheduled to arrive in January 2020, the Court will permit the Defendant through and including February 3, 2020, to file a notice with the court indicating whether or not this mysterious figure has appeared from the shadows and whether the Defendant now has access to the last key slice needed to unlock the encrypted file. In the event this occurs, and further if the Defendant produces his list of Bitcoin Holdings as ordered by the Magistrate Judge, then this Court will not impose any additional sanctions other than the ones discussed above.
With the not so subtle implication being that Bloom did not believe Craig's invocations of a "mysterious bonded courier" and that if he failed to satisfy this burden additional sanctions would be forthcoming.
Mr. Wright apparently took this as a forgery challenge, only one where he didn't have much respect for the intellect of his adversaries.
In his report Andreas Antonopoulos labels four separate files of Bitcoin lists, Shadders List, CW, DK, and CSW Filed.
Shadders List: The list of Wright's Bitcoin Shadders produced with a bug he disclosed that caused the least significant byte of some of the nonces for the Coinbases to fall outside of the range 0-58 (the Patoshi pattern that's been used to identify Satoshi's Bitcoin), referred to as the Shadders Bug (this bug is discussed more here).
CW List: A list of Wright's Bitcoin the Trust produced during settlement negotiations
DK List: A list of Dave Kleiman's Bitcoin the trust produced during settlement negotiations.
CSW Filed List: The list of Wright's Bitcoin Craig allegedly receive from the bonded courier and then filed with the court in time to attempt to escape sanctions.
Bullet points:
submitted by Zectro to btc [link] [comments]

Nakamoto Dundee provably defrauded the court and a Federal Judge on the matter of the Tulip Trust and his Buttcoin holdings therein, immediately after she lifted his sanctions for repeatedly defrauding a Magistrate Judge on that same matter.

Background: Craig has been ordered to submit a list of all the Bitcoin addresses he owned several times now. The first time he was given a hard deadline by Magistrate Judge Reinhart and simply ignored it. Then, in a last ditch effort to escape contempt of court and/or sanctions Craig Wright asked the CTO of his company nChain, Steve Shadders to spend 2 weeks putting together a list of Bitcoin he thinks belongs to Satoshi, based on statistical criteria Craig gave him that just happened to match the well-known Patoshi pattern analysis. While replicating existing Blockchain research over a space of two weeks as his top-priority, nChain CTO Steve Shadders managed to include a bug that resulted in 1749 addresses that don't match the Patoshi pattern. This is going to be important later, so keep it in mind.
The court wasn't happy with this last ditch, buggy, probabilistic attempt at producing the addresses he was commanded to produce, but they were especially unhappy with the litany of provable forgeries, perjurious statements, and evasive and dishonest testimonies from Wright that was impeding discovery and Judge Reinhart administered case-ending sanctions against Mr. Wright in response.
Judge Bloom overturned Reinhart's sanctions, though she explicitly agreed with Reinhart's credibility findings regarding Wright. She offered Craig a poisoned chalice:
In light of the Defendant's representations that the bonded courier is scheduled to arrive in January 2020, the Court will permit the Defendant through and including February 3, 2020, to file a notice with the court indicating whether or not this mysterious figure has appeared from the shadows and whether the Defendant now has access to the last key slice needed to unlock the encrypted file. In the event this occurs, and further if the Defendant produces his list of Bitcoin Holdings as ordered by the Magistrate Judge, then this Court will not impose any additional sanctions other than the ones discussed above.
With the not so subtle implication being that Bloom did not believe Craig's invocations of a "mysterious bonded courier" and that if he failed to satisfy this burden additional sanctions would be forthcoming.
Mr. Wright apparently took this as a forgery challenge, only one where he didn't have much respect for the intellect of his adversaries.
In his report Andreas Antonopoulos labels four separate files of Bitcoin lists, Shadders List, CW, DK, and CSW Filed.
Shadders List: The list of Wright's Bitcoin Shadders produced with a bug he disclosed that caused the least significant byte of some of the nonces for the Coinbases to fall outside of the range 0-58 (the Patoshi pattern that's been used to identify Satoshi's Bitcoin), referred to as the Shadders Bug (this bug is discussed more here).
CW List: A list of Wright's Bitcoin the Trust produced during settlement negotiations
DK List: A list of Dave Kleiman's Bitcoin the trust produced during settlement negotiations.
CW Filed List: The list of Wright's Bitcoin Craig allegedly receive from the bonded courier and then filed with the court in time to attempt to escape sanctions.
Bullet points:
submitted by Zectro to Buttcoin [link] [comments]

Latest doc updates: the list of addresses the bonded courier coughed up is an obvious forgery, Craig Wright is dumber than many of us thought possible, and Steve Shadders, if he looks at the data from Andreas' report HAS to realise at this point that he's been bamboozled

Background: Craig has been ordered to submit a list of all the Bitcoin addresses he owned several times now. The first time he was given a hard deadline by Magistrate Judge Reinhart and simply ignored it. Then, in a last ditch effort to escape contempt of court and/or sanctions Craig Wright asked the CTO of his company nChain, Steve Shadders to spend 2 weeks putting together a list of Bitcoin he thinks belongs to Satoshi, based on statistical criteria that just happened to match the well-known Patoshi pattern analysis. While replicating existing Blockchain research over a space of two weeks as his top-priority, nChain CTO Steve Shadders managed to include a bug that resulted in 1749 addresses that don't match the Patoshi pattern. This is going to be important later, so keep it in mind.
The court wasn't happy with this last ditch, buggy, probabilistic attempt at producing the addresses he was commanded to produce, but they were especially unhappy with the litany of provable forgeries, perjurious statements, and evasive and dishonest testimonies from Wright that was impeding discovery and Judge Reinhart administered case-ending sanctions against Mr. Wright in response.
Judge Bloom overturned Reinhart's sanctions, though she explicitly agreed with Reinhart's credibility findings regarding Wright. She offered Craig a poisoned chalice:
In light of the Defendant's representations that the bonded courier is scheduled to arrive in January 2020, the Court will permit the Defendant through and including February 3, 2020, to file a notice with the court indicating whether or not this mysterious figure has appeared from the shadows and whether the Defendant now has access to the last key slice needed to unlock the encrypted file. In the event this occurs, and further if the Defendant produces his list of Bitcoin Holdings as ordered by the Magistrate Judge, then this Court will not impose any additional sanctions other than the ones discussed above.
With the not so subtle implication being that Bloom did not believe Craig's invocations of a "mysterious bonded courier" and that if he failed to satisfy this burden additional sanctions would be forthcoming.
Mr. Wright apparently took this as a forgery challenge, only one where he didn't have much respect for the intellect of his adversaries.
In his report Andreas Antonopoulos labels four separate files of Bitcoin lists, Shadders List, CW, DK, and CSW Filed.
Shadders List: The list of Wright's Bitcoin Shadders produced with a bug he disclosed that caused the least significant byte of some of the nonces for the Coinbases to fall outside of the range 0-58 (the Patoshi pattern that's been used to identify Satoshi's Bitcoin), referred to as the Shadders Bug (this bug is discussed more here).
CW List: A list of Wright's Bitcoin the Trust produced during settlement negotiations
DK List: A list of Dave Kleiman's Bitcoin the trust produced during settlement negotiations.
CW Filed List: The list of Wright's Bitcoin Craig allegedly receive from the bonded courier and then filed with the court in time to attempt to escape sanctions.
Bullet points:
submitted by Zectro to bsv [link] [comments]

Latest CSW court doc updates: Andreas Antonopoulos shows the list of addresses the bonded courier coughed up is an obvious forgery, Craig Wright is dumber than many of us thought possible, and Steve Shadders, if he looks at the report HAS to realise at this point that he's been bamboozled

Background: Craig has been ordered to submit a list of all the Bitcoin addresses he owned several times now. The first time he was given a hard deadline by Magistrate Judge Reinhart and simply ignored it. Then, in a last ditch effort to escape contempt of court and/or sanctions Craig Wright asked the CTO of his company nChain, Steve Shadders to spend 2 weeks putting together a list of Bitcoin he thinks belongs to Satoshi, based on statistical criteria that just happened to match the well-known Patoshi pattern analysis. While replicating existing Blockchain research over a space of two weeks as his top-priority, nChain CTO Steve Shadders managed to include a bug that resulted in 1749 addresses that don't match the Patoshi pattern. This is going to be important later, so keep it in mind.
The court wasn't happy with this last ditch, buggy, probabilistic attempt at producing the addresses he was commanded to produce, but they were especially unhappy with the litany of provable forgeries, perjurious statements, and evasive and dishonest testimonies from Wright that was impeding discovery and Judge Reinhart administered case-ending sanctions against Mr. Wright in response.
Judge Bloom overturned Reinhart's sanctions, though she explicitly agreed with Reinhart's credibility findings regarding Wright. She offered Craig a poisoned chalice:
In light of the Defendant's representations that the bonded courier is scheduled to arrive in January 2020, the Court will permit the Defendant through and including February 3, 2020, to file a notice with the court indicating whether or not this mysterious figure has appeared from the shadows and whether the Defendant now has access to the last key slice needed to unlock the encrypted file. In the event this occurs, and further if the Defendant produces his list of Bitcoin Holdings as ordered by the Magistrate Judge, then this Court will not impose any additional sanctions other than the ones discussed above.
With the not so subtle implication being that Bloom did not believe Craig's invocations of a "mysterious bonded courier" and that if he failed to satisfy this burden additional sanctions would be forthcoming.
Mr. Wright apparently took this as a forgery challenge, only one where he didn't have much respect for the intellect of his adversaries.
In his report Andreas Antonopoulos labels four separate files of Bitcoin lists, Shadders List, CW, DK, and CSW Filed.
Shadders List: The list of Wright's Bitcoin Shadders produced with a bug he disclosed that caused the least significant byte of some of the nonces for the Coinbases to fall outside of the range 0-58 (the Patoshi pattern that's been used to identify Satoshi's Bitcoin), referred to as the Shadders Bug (this bug is discussed more here).
CW List: A list of Wright's Bitcoin the Trust produced during settlement negotiations
DK List: A list of Dave Kleiman's Bitcoin the trust produced during settlement negotiations.
CW Filed List: The list of Wright's Bitcoin Craig allegedly receive from the bonded courier and then filed with the court in time to attempt to escape sanctions.
Bullet points:
submitted by Zectro to CryptoCurrency [link] [comments]

One of the 1st talks of Andreas A. at Jefferson Club Dinner Meetup - great introduction for himself. Noobs you should watch this!

One of the 1st talks of Andreas A. at Jefferson Club Dinner Meetup - great introduction for himself. Noobs you should watch this! submitted by Bitcoin-Yoda to Bitcoin [link] [comments]

r/Bitcoin recap - July 2019

Hi Bitcoiners!
I’m back with the 31st monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in July 2019
Adoption
Development
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Us Senate Bill S.1241 to criminalize concealed ownership of Bitcoin

On November 28, 2017, the US Senate, Committee of the Judiciary held a hearing regarding bill S.1241: Modernizing AML Laws to Combat Money Laundering and Terrorist Financing. Despite little attention being given to digital currencies during the hearing, bill S.1241 itself would amend the definition of ‘financial institution’ in the United States Code to include digital currencies and digital exchanges. This could have alarming consequences for users of cryptocurrencies both in the US and abroad.
Bill S.1241 would amend the definition of ‘financial institution,’ in Section 5312(a) of title 31, United States Code, to include “an issuer, redeemer, or cashier of prepaid access devices, digital currency, or any digital exchanger or tumbler of digital currency.” Currently, the definition of ‘financial institution’ includes banks, trust companies, credit unions, currency exchanges, etc.
In her introduction, Mrs. Feinstein, Ranking Member of the Judiciary Committee, said (31:35), “The bill criminalizes intentionally concealing ownership or control of a bank account.” Although, during the hearing, no further clarifications were given as to the effects this would have on the cryptocurrency community, based on the amended definition of ‘financial institution’, it seems clear enough that the bill would “criminalize [those] intentionally concealing ownership or control of a [digital currency or digital exchange] account.” Wow. Let this sink in for a minute…
The US senate is proposing a bill to make criminals out of anyone intentionally concealing ownership or control of a digital currency or digital exchange account. What’s more, according to the hearing’s prolonged discussion of US law enforcement’s handling of foreign banks and financial institutions, this bill is certain to have far-reaching effects on not only US citizens but the global community as a whole.
If the above statement describes you, it is strongly recommended that you watch the hearing with this new definition of ‘financial institution’ in mind. If you’ve already watched the hearing, watch it again, but this time replace all mentions of ‘banks and financial institutions’ with ‘digital currencies and digital exchanges.’ The implications are really rather alarming.
Interestingly enough, Ms. Kathryn Haun Rodriguez, a Coinbase Board of Directors Member, made absolutely no mention of digital currencies or digital exchanges in her testimony; nor was she asked any questions pertaining to these topics.
Conversely, in her July 2017 written testimony to the US House of Representatives Committee on Financial Services and Subcommittee on Terrorism and Illicit Finance, she stated that some users of digital currencies use them “to conceal and move illicit proceeds because of the perception that virtual currency is untraceable.”
Also in her prior written testimony, she stated that “the FinTech industry could be a very helpful partner to the government in addressing national security concerns;” that “investigators like digital footprints and that is exactly what digital currencies provide;” and that “of course, we can only follow the money to an individual or group if they used a Regulated exchange, one that follows basic AML/KYC laws.” Advertisement
Contrary to the bill itself, the hearing was noticeably lacking in references to cryptocurrencies; although there was some limited mention of such.
Ms. Klobuchar (2:16:58):
“Is this transition we’re seeing from cash to digital going to make it easier or harder for law enforcement to track these money laundering cases, and you think these drug cartels are gonna start going cash free, and what do you do about it?” Mr. John A. Cassara (2:17:15):
“Senator, I’m just glad I had my career when I did because I don’t know what I’d do trying to follow the money when it comes to digital currencies, it’s extremely, extremely challenging…I think if you look at the metrics, the metrics suggest today [that] digital currencies are a small fraction of the threat that we face. That’s not to say it’s gonna be the case in 5-10 years from now. We’re right at a crossroads, and it’s going to be very, very interesting to see what goes forward.” Due to the probable negative implications for the global cryptocurrency community, hopefully the interpretation of bill S.1241 in this article is proven incorrect; however, at this point, it seems fairly clear (at least to me, the author) that this is the intent behind the bill. If this is indeed the case, it will be the most recent attack on a growing list of State-backed attacks against the crypto-community.
Furthermore, from the noticeable lack of references made to digital currencies during the hearing, it would appear this bill is yet another underhanded attempt of the US Government to further erode global freedoms and civil liberties, which markedly began with the introduction of the Patriot Act, shortly after the 9/11 attacks.
As Tone Vayes mentioned, it would have been nice if Andreas Antonopoulos was there to impart some of the wisdom he shared with the Canadian Senate, on October 8, 2014.
Tone Vayes’ summation*: “It’s bad…I think it’s gonna end in a very confrontational way between Bitcoin—even Bitcoin holders and users—and the US Government.”
Jimmy Song’s summation*: “Yeah, the nice thing about laws is they take a long time…”
Indeed it will be “very, very interesting to see what goes forward.” If this bill passes, how many of you future criminals out there are still set on hodling?
*to be fair, neither had yet watched the entire hearing.
Full Disclosure: Landon Mutch is a contributor to the Lightning Network, a layer-two Bitcoin protocol, also BTCManager is scamming it’s writers and not paying them :(.
submitted by EaFaer to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /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.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin 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.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or 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.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

r/Bitcoin recap - November 2019

Hi Bitcoiners!
I’m back with the 35th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in November 2019
Adoption
Development
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

r/Bitcoin recap - June 2019

Hi Bitcoiners!
I’m back with the 30th monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in May 2019
Adoption
Development
Security
Mining
Business
Research
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Happy Tipping Tuesday! Now that this sub is the main Bitcoin sub in terms of activity, it's time for everyone to get some Education and some free Bitcoin. Post here and get free bits! Bitcoin Cash will defeat the legacy banking oligarch system!

As someone who cares about Liberty and freedom, I have instinctively understood the importance of Bitcoin for spreading economic freedom across the globe. Being sick of the legacy too-big-to-fail central bank fiat bailout scam systems where they print the money from thin air, I saw Bitcoin as a tool that can really liberate humanity and help us reach our ultimate potential. The fact is economic freedom improves this world, and the stakes are very large. We are fighting an oligarch banking system that prints money out of thin air, holding back humanity's potential with their scam system that only works to enslave and not liberate humanity. In the past people fought for liberty and gave their lives on bloody battlefields. Today we fight troll wars on social media, but the stakes are quite similar, if not multiplied in this new technological age. By supporting Bitcoin and Satoshi's vision of a worldwide honest cash system, its one of the only ways to help lift humanity up to our ultimate limitless potential. The oligarch's saw this threat which is why we are under heavy attacks. They stole Bitcoin and the ticker, and crippled the system with high fees, unreliable transactions, and Trojan horse tech, but Bitcoin Cash adapted, survived, and lives on as the common sense continuation of the money ledger. It turns out that its not so easy to stop an idea whose time has come.
Bitcoin Cash is the true Bitcoin that follows Satoshi's vision of common sense and on-chain scaling. BCH is The Manifestation of the Honey Badger. Trolls will point to market cap and say BCH is losing and not the real Bitcoin. However they fail to understand the nature of the war we are fighting. Bitcoin is all about breaking oligarchy, as nChain's paper explains. We are fighting against a banker oligarch takeover of Bitcoin. Since they print money from thin air, they have us outgunned when it comes to market capitalization/price. This is what the trolls do not understand. To think that the oligarch bankers that control the money monopoly would not try to attack the Bitcoin system would be naive. It appears they have pumped the BTC-Core price to outrun Bitcoin Cash the real Bitcoin as soon as their trojan segwit tech was deployed. They likely will use segwit, strangled blocks, and Lightning Network as the strangler fig to usurp the system changing it to fiat legacy banking system 2.0. What they don't want people to realize is that Bitcoin was always the underdog against fiat systems. Just because they usurped the name and BTC ticker for their fiat 2.0 system it does not mean they are winning the war. Its a clever tactic sure, but BCH is still the #1 cryptocurrency by market cap in the world, they have shifted some shells around in trickery, but Bitcoin-BCH is still fighting as the underdog against the oligarchs as it always has.
Not only this but the numerous problems in Lightning are acting as a bottleneck for development on Core. All this while BCH development is soaring with things like memo.cash, blockpress.com, cashshuffle protocol, chainbet protocol, SLP token protocol, colored coins, tokeda, and much more. Now that we have solved the scaling issue we can finally build again. All this while numerous services like Dell, Steam, Reddit, Rakuten, Stripe, Circle, Microsoft, Fiverr, Satoshidice, Changetip, Expedia, and many more stopped accepting Bitcoin Core, while Coinbase, Bitpay, coins.ph, satoshidice, tippr, purse.io, dark web all are adding BCH support.
They thought they could use censorship to shut us up. But now we are seeing that free speech is more popular than censored cult subreddits. We are battling some powerful oligarch interests. But they have vastly underestimated the spirit of the Honey Badger. There is a reason there is so much COINTELPRO trolling and dirty tricks being done to Bitcoin Cash and its supporters. There is a reason they need to use vote manipulation, shaming and bullying tactics, censorship, and dirty tricks to try to get us to shut our mouths. The truth is they are terrified of Bitcoin Cash and Satoshi's vision, which is why they need to use such tactics. They are doing whatever they can to pen the Honey Badger up in sheer desperation and terror that it will soon break loose ripping them limb from limb and devouring them whole.
I would like to mention that the recent turmoil in the BCH community over a November fork with different factions fighting each other is on a lot of people's minds. Some newbs may also be wondering about what is going on. They may be falling into the Fear Uncertainty and Doubt that is being pushed by a lot of Core trolls, as well as some genuine members of the BCH community. I would like to point out that these disputes are actually healthy. We don't want a system where one person or group controls things. We want a system where people are fighting for control. Its an economic incentive system with different factions competing. This is what keeps Bitcoin robust and was the genius of Satoshi's design. We don't need to worry about the troll wars because we have Nakamoto consensus as the whitepaper says:
They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism"
Miners will decide what to support and the community should respect it. Many prominent BCH miners are also meeting in the next days to have a discussion on how to proceed with the protocol in November. The miners have put in their work and investment and have earned their right to vote on new rules. Most of us trolls have not, we are simply picketing outside the polling booth trying to influence how miners vote. They may care what the community thinks, but at the end of the day, Bitcoin is about self-interest, so they may also not necessarily care what the community thinks. Bitcoin was never designed as a democracy 1user 1 vote system as people like Core and Andreas Antonopoulos think. We should celebrate the fact that BCH has many competing implementations, compared to Core's centralized coin with BlockStream Gatekeepers. We also have miner groups challenging developers. Since the system was designed for miners to vote, this is obviously much healthier than developer dictatorships. Miners have much more skin in the game and are incentivized economically to make the right decision. Often times people forget Bitcoin is an economic incentive system.
So after getting a little bit of education, the point of this thread is to post and get free bits, especially for newbs that want to try Bitcoin for the first time. BlockStream admits BTC-Core is not for everyone. But we have news for them, BCH is for everyone!.
Post here and get some free bits. Bits is the historical unit for Bitcoin, but it also went extinct from the high fees on BTC-Legacy. Bits can only be feasible on BCH the real Bitcoin with low fees, it just doesn't work on Bitcoin-Legacy anymore. Coinbase and Bitpay had adopted bits before the fees killed it and my hope is they will embrace it for BCH again. There are 1 million bits in a BCH. If newbs have any questions please feel free to ask in the thread as well and get advice on anything, from potential coin splits, to how to use the tip bot, and withdraw to your own wallet, or other aspects about why Bitcoin-BCH is good, and why Bitcoin-BTC is so bad.
Reddit usage for tippr directions are here: https://www.reddit.com/tippwiki/reddit-usage
Information on chaintip the other tip bot is here: https://www.chaintip.org/
I suggest using the Bitcoin.com wallet for withdrawing BCH because they have BCH as default. You may also want to try the Bitpay wallet, which has some added features like a shapeshift button to change your btc-segwits into Bitcoin-BCH (bitcoin.com has this as well), as well as an amazon button to purchase amazon gift cards instantly in the BitPay app using Bitcoin. And there is a bitcoin BitPay debit card option in the app as well.
In the BitPay wallet you will need to add the BCH wallet as a second wallet as its not there by default. So press the + symbol and create new personal wallet, then choose coin BCH and back it up.
If you need to change between legacy and the new cashaddr format then use this tool: https://cashaddr.bitcoincash.org/
tippr stats are here
submitted by cryptorebel to btc [link] [comments]

List of some of the best Crypto Teachers/Influencers and Crypto exchanges/crypto trading tools for beginners

First of all, congrats, to be a part of the Bitcoin/Blockchain growth story. You are one of the early adopters in this space and hopefully, you will make the best out of it.
The first thing to do is to make your mentors and follow them to get to know about the industry insights, who will always motivate you and prevent you from being scammed.
Some of the mentors to follow on Twitter-
  1. Andreas M. Antonopoulos - He is one of the first Bitcoin educators. In 2012 Antonopoulos became enamored with Bitcoin. He eventually abandoned his job as a freelance consultant and started speaking at conferences about bitcoin, consulting for startups, and writing articles free of charge.
  2. Saifedean Ammous- is an economist and author focusing on bitcoin, who authored the first academic book on the economics of bitcoin, The Bitcoin Standard: The Decentralized Alternative to Central Banking, published by Wiley in 2018
After deciding the mentors and taking advice from them by following them, create an account on some good crypto trading exchanges just to know how an exchange works like what are the functioning/ how orders are placed, etc.
List of some of the best crypto trading exchanges-
  1. Binance - It is the largest crypto exchange in the world as per the trading volumes. User Interface is also very good. Recently they also announced their margin trading feature. They have a mobile app also available.
  2. Bittrex - Its US-based exchange and it is operated by 3 security engineers from Amazon, founded in 2014. They don't have a mobile app for now.
  3. Coinbase - It was founded in 2012 and they have crypto to fiat pairs available in 32 countries you can buy cryptocurrencies through your bank account.
Before going to trade with real money, I would recommend you to do some research, how crypto market works. According to the best of my understanding, you should apply some strategies, follow news/sentiments, charts, patterns of the coin.
Some important tools/websites that can help you to build your strategies and gather all the possible information about the market-
  1. Coingecko - Here you will find all the information of any coin like market cap, prices, dominance, social accounts, explorer at one place so that you can make informed decisions.
  2. Trading View- It's an advanced Financial visualization platform where you can find any past chart with indicators to apply the best possible strategy, also you can take ideas from the leaders at the trading view.
  3. SmartBotCoin - It's an automated tool that gathers all the information like news and sentiments through AI/ML at a single place and automates the process of backtesting, that can be helpful in making informed trading decisions.
Also, before going to trade with real money - you should have a solid trading plan that not only constitutes trading knowledge but also how you control your emotions, gaining confidence and how you manages your finances and risk.
Best of luck!
submitted by Cresource_ to CryptoCurrency [link] [comments]

⚡ Lightning Network Megathread ⚡

Last updated 2018-01-29
This post is a collaboration with the Bitcoin community to create a one-stop source for Lightning Network information.
There are still questions in the FAQ that are unanswered, if you know the answer and can provide a source please do so!

⚡What is the Lightning Network? ⚡

Explanations:

Image Explanations:

Specifications / White Papers

Videos

Lightning Network Experts on Reddit

  • starkbot - (Elizabeth Stark - Lightning Labs)
  • roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • stile65 - (Alex Akselrod - Lightning Labs)
  • cfromknecht - (Conner Fromknecht - Lightning Labs)
  • RustyReddit - (Rusty Russell - Blockstream)
  • cdecker - (Christian Decker - Blockstream)
  • Dryja - (Tadge Dryja - Digital Currency Initiative)
  • josephpoon - (Joseph Poon)
  • fdrn - (Fabrice Drouin - ACINQ )
  • pmpadiou - (Pierre-Marie Padiou - ACINQ)

Lightning Network Experts on Twitter

  • @starkness - (Elizabeth Stark - Lightning Labs)
  • @roasbeef - (Olaoluwa Osuntokun - Lightning Labs)
  • @stile65 - (Alex Akselrod - Lightning Labs)
  • @bitconner - (Conner Fromknecht - Lightning Labs)
  • @johanth - (Johan Halseth - Lightning Labs)
  • @bvu - (Bryan Vu - Lightning Labs)
  • @rusty_twit - (Rusty Russell - Blockstream)
  • @snyke - (Christian Decker - Blockstream)
  • @JackMallers - (Jack Mallers - Zap)
  • @tdryja - (Tadge Dryja - Digital Currency Initiative)
  • @jcp - (Joseph Poon)
  • @alexbosworth - (Alex Bosworth - yalls.org)

Medium Posts

Learning Resources

Books

Desktop Interfaces

Web Interfaces

Tutorials and resources

Lightning on Testnet

Lightning Wallets

Place a testnet transaction

Altcoin Trading using Lightning

  • ZigZag - Disclaimer You must trust ZigZag to send to Target Address

Lightning on Mainnet

Warning - Testing should be done on Testnet

Atomic Swaps

Developer Documentation and Resources

Lightning implementations

  • LND - Lightning Network Daemon (Golang)
  • eclair - A Scala implementation of the Lightning Network (Scala)
  • c-lightning - A Lightning Network implementation in C
  • lit - Lightning Network node software (Golang)
  • lightning-onion - Onion Routed Micropayments for the Lightning Network (Golang)
  • lightning-integration - Lightning Integration Testing Framework
  • ptarmigan - C++ BOLT-Compliant Lightning Network Implementation [Incomplete]

Libraries

Lightning Network Visualizers/Explorers

Testnet

Mainnet

Payment Processors

  • BTCPay - Next stable version will include Lightning Network

Community

Slack

IRC

Slack Channel

Discord Channel

Miscellaneous

⚡ Lightning FAQs ⚡

If you can answer please PM me and include source if possible. Feel free to help keep these answers up to date and as brief but correct as possible
Is Lightning Bitcoin?
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it’ll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Is the Lightning Network open source?
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Who owns and controls the Lightning Network?
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
I’ve heard that Lightning transactions are happening “off-chain”…Does that mean that my bitcoin will be removed from the blockchain?
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. “Off-chain” is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain until the channel is closed.
Do I need a constant connection to run a lightning node?
Not necessarily,
Example: A and B have a channel. 1 BTC each. A sends B 0.5 BTC. B sends back 0.25 BTC. Balance should be A = 0.75, B = 1.25. If A gets disconnected, B can publish the first Tx where the balance was A = 0.5 and B = 1.5. If the node B does in fact attempt to cheat by publishing an old state (such as the A=0.5 and B=1.5 state), this cheat can then be detected on-chain and used to steal the cheaters funds, i.e., A can see the closing transaction, notice it's an old one and grab all funds in the channel (A=2, B=0). The time that A has in order to react to the cheating counterparty is given by the CheckLockTimeVerify (CLTV) in the cheating transaction, which is adjustable. So if A foresees that it'll be able to check in about once every 24 hours it'll require that the CLTV is at least that large, if it's once a week then that's fine too. You definitely do not need to be online and watching the chain 24/7, just make sure to check in once in a while before the CLTV expires. Alternatively you can outsource the watch duties, in order to keep the CLTV timeouts low. This can be achieved both with trusted third parties or untrusted ones (watchtowers). In the case of a unilateral close, e.g., you just go offline and never come back, the other endpoint will have to wait for that timeout to expire to get its funds back. So peers might not accept channels with extremely high CLTV timeouts. -- Source
What Are Lightning’s Advantages?
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Does Lightning require Segregated Witness?
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
Can I Send Funds From Lightning to a Normal Bitcoin Address?
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Can I Make Money Running a Lightning Node?
Not really. Anyone can set up a node, and so it’s a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you’re going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
What is the release date for Lightning on Mainnet?
Lightning is already being tested on the Mainnet Twitter Link but as for a specific date, Jameson Lopp says it best
Would there be any KYC/AML issues with certain nodes?
Nope, because there is no custody ever involved. It's just like forwarding packets. -- Source
What is the delay time for the recipient of a transaction receiving confirmation?
Furthermore, the Lightning Network scales not with the transaction throughput of the underlying blockchain, but with modern data processing and latency limits - payments can be made nearly as quickly as packets can be sent. -- Source
How does the lightning network prevent centralization?
Bitcoin Stack Exchange Answer
What are Channel Factories and how do they work?
Bitcoin Stack Exchange Answer
How does the Lightning network work in simple terms?
Bitcoin Stack Exchange Answer
How are paths found in Lightning Network?
Bitcoin Stack Exchange Answer
How would the lightning network work between exchanges?
Each exchange will get to decide and need to implement the software into their system, but some ideas have been outlined here: Google Doc - Lightning Exchanges
Note that by virtue of the usual benefits of cost-less, instantaneous transactions, lightning will make arbitrage between exchanges much more efficient and thus lead to consistent pricing across exchange that adopt it. -- Source
How do lightning nodes find other lightning nodes?
Stack Exchange Answer
Does every user need to store the state of the complete Lightning Network?
According to Rusty's calculations we should be able to store 1 million nodes in about 100 MB, so that should work even for mobile phones. Beyond that we have some proposals ready to lighten the load on endpoints, but we'll cross that bridge when we get there. -- Source
Would I need to download the complete state every time I open the App and make a payment?
No you'd remember the information from the last time you started the app and only sync the differences. This is not yet implemented, but it shouldn't be too hard to get a preliminary protocol working if that turns out to be a problem. -- Source
What needs to happen for the Lightning Network to be deployed and what can I do as a user to help?
Lightning is based on participants in the network running lightning node software that enables them to interact with other nodes. This does not require being a full bitcoin node, but you will have to run "lnd", "eclair", or one of the other node softwares listed above.
All lightning wallets have node software integrated into them, because that is necessary to create payment channels and conduct payments on the network, but you can also intentionally run lnd or similar for public benefit - e.g. you can hold open payment channels or channels with higher volume, than you need for your own transactions. You would be compensated in modest fees by those who transact across your node with multi-hop payments. -- Source
Is there anyway for someone who isn't a developer to meaningfully contribute?
Sure, you can help write up educational material. You can learn and read more about the tech at http://dev.lightning.community/resources. You can test the various desktop and mobile apps out there (Lightning Desktop, Zap, Eclair apps). -- Source
Do I need to be a miner to be a Lightning Network node?
No -- Source
Do I need to run a full Bitcoin node to run a lightning node?
lit doesn't depend on having your own full node -- it automatically connects to full nodes on the network. -- Source
LND uses a light client mode, so it doesn't require a full node. The name of the light client it uses is called neutrino
How does the lightning network stop "Cheating" (Someone broadcasting an old transaction)?
Upon opening a channel, the two endpoints first agree on a reserve value, below which the channel balance may not drop. This is to make sure that both endpoints always have some skin in the game as rustyreddit puts it :-)
For a cheat to become worth it, the opponent has to be absolutely sure that you cannot retaliate against him during the timeout. So he has to make sure you never ever get network connectivity during that time. Having someone else also watching for channel closures and notifying you, or releasing a canned retaliation, makes this even harder for the attacker. This is because if he misjudged you being truly offline you can retaliate by grabbing all of its funds. Spotty connections, DDoS, and similar will not provide the attacker the necessary guarantees to make cheating worthwhile. Any form of uncertainty about your online status acts as a deterrent to the other endpoint. -- Source
How many times would someone need to open and close their lightning channels?
You typically want to have more than one channel open at any given time for redundancy's sake. And we imagine open and close will probably be automated for the most part. In fact we already have a feature in LND called autopilot that can automatically open channels for a user.
Frequency will depend whether the funds are needed on-chain or more useful on LN. -- Source
Will the lightning network reduce BTC Liquidity due to "locking-up" funds in channels?
Stack Exchange Answer
Can the Lightning Network work on any other cryptocurrency? How?
Stack Exchange Answer
When setting up a Lightning Network Node are fees set for the entire node, or each channel when opened?
You don't really set up a "node" in the sense that anyone with more than one channel can automatically be a node and route payments. Fees on LN can be set by the node, and can change dynamically on the network. -- Source
Can Lightning routing fees be changed dynamically, without closing channels?
Yes but it has to be implemented in the Lightning software being used. -- Source
How can you make sure that there will be routes with large enough balances to handle transactions?
You won't have to do anything. With autopilot enabled, it'll automatically open and close channels based on the availability of the network. -- Source
How does the Lightning Network stop flooding nodes (DDoS) with micro transactions? Is this even an issue?
Stack Exchange Answer

Unanswered Questions

How do on-chain fees work when opening and closing channels? Who pays the fee?
How does the Lightning Network work for mobile users?
What are the best practices for securing a lightning node?
What is a lightning "hub"?
How does lightning handle cross chain (Atomic) swaps?

Special Thanks and Notes

  • Many links found from awesome-lightning-network github
  • Everyone who submitted a question or concern!
  • I'm continuing to format for an easier Mobile experience!
submitted by codedaway to Bitcoin [link] [comments]

r/Bitcoin recap - October 2019

Hi Bitcoiners!
I’m back with the 34th monthly Bitcoin news recap. (a bit late this time, sorry)
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in October 2019
Adoption
Development
Security
Mining * Block 600k has been mined and with it the 18 millionth bitcoin (19 Oct)
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

PSA: Neutrino (BIP 157 block filtering protocol) VS. Neutrino (Coinbase acquired hacking team company)

There is an open PR to merge the BIP 157 aka Neutrino light client block filter protocol
tldr; Neutrino block filtering protocol will allow mobile non-custodial LN wallets to exist because it can shrink the disk space required to fully validate on-chain tx to only 3.8 GB (variable but small number < 1gb) which can sync to the tip of the blockchain in under an hour! This is means even years old mobile phones can easily handle client side verification. This is VERY GOOD.
Do not get it confused with the Neutrino Company coinbase recently acquired and the whole hacking team fiasco.
The important Neutrino to remember is BIP 157 neutrino.
edit: as dr_win pointed out the 3.8gb is actually what is required for bitcoin full nodes to support neutrino clients. Neutrino clients will actually require some variable storage space much less than 3.8gb number. The # of wallets and txs for those wallets on the device running neutrino client will impact the amount of data that needs storing.
This made it to the front page so...
Bonus Content:
Andreas Antonopoulos Discusses Neutrino on LTB
https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-389-revisiting-lightning-part-1
Adam B. Levine: Andreas, have you looked into neutrino much?
Andreas Antonopoulos: Yeah, I've actually been running neutrino as well for a while. This is a really amazing development. It's a massive improvement over the old model - the model isn't really the SPV that's described in the Bitcoin whitepaper. Basically what it does is it allows you to send a compressed set that describes the transactions that are in a block, send that to a light client, so that it can request to receive any blocks that have transactions of interest to it. It can download the full block or the full transaction set only for those things that it's interested in, while not telling the nodes that it's connected to what it's interested in. That's a massive increase in privacy. This is not just for Lightning, that's important to understand. Neutrino can be used as a light client for on-chain Bitcoin transactions to massively increase the privacy of mobile wallets. Of course, it can be used so that you can have a Lightning wallet that's not necessarily connected to your own lightning node, but also doesn't break your privacy.
Adam B. Levine: The entire Bitcoin blockchain can get summarized down to 40 Megs?
Andreas Antonopoulos: Yes, that's for the initial sync. After that, it can continue to get updated summaries that are even smaller (in the kilobyte size) in order to maintain synchronization. So it's doing full validation without having a full copy of the block. Of course, all of this depends on having full nodes that are willing to publish Golomb coded sets to feed to neutrino clients. We still need a lot of people to run full nodes, but the bandwidth burden on those nodes to serve neutrino clients obviously drastically reduced. A single full node can serve a lot of neutrino clients very efficiently.
Lightning Labs Explains Neutrino: https://blog.lightning.engineering/posts/2018/10/17/neutrino.html
submitted by CONTROLurKEYS to Bitcoin [link] [comments]

Remember: Bitcoin Cash is solving a problem Core has failed to solve for 6 years. It is urgently needed as a technical solution, and has nothing to do with "Roger" or "Jihan".

I'm finding that "history lessons" are needed more and more, as thousands of new people swarm into crypto and land on the highly one-sided, heavily censored bitcoin sub. There are even misinformation "reps" like bitusher in r / BitcoinBeginners blatantly lying to people that are new. As a result, these newcomers have no understanding of the original purpose of Bitcoin nor its raison d'etre.
Roger puts himself out there. But Roger is neither our "leader" nor our "figurehead". He's an individual. An individual with strong ideals who doesn't do this for the money because he is already staggeringly wealthy from Bitcoin. He supports this movement because he is (and always has been) an outspoken advocate of financial sovereignty, freedom of speech, and freedom from tyranny.
Bitcoin Cash is a technical solution to a technical problem that has been ignored for too long. A problem that individuals, business, and miners have presented to Core with both urgency and utlimately anger, since 2012. Gavin Andresen, Satoshi Nakamoto's right hand man has stated publicly that "Bitcoin Cash is the Bitcoin" he was working on in 2010. Vitalik Buterin, founder of Ethereum has publicly called out mods of Bitcoin for censorship of Bitcoin Cash. As far back as 2012 Gavin was expressing serious concern about the Core Dev team as being both "ineffective and unproductive as egos were too big, and infighting was more prominent than forward progress" (paraphrase).
Understand something:
Bitcoin Cash proponents are people who actually care about Bitcoin and why it was made. These are people who had dreams of Bitcoin bringing financial sovereignty to countries whose Governments steal citizens money right from their bank accounts without asking permission. Andreas Antonopoulos used to speak of Bitcoin bringing Banking to the poorest in the world. Companies were being built to swoop into Africa and bring micro-transfers to the SMS financial system that currently services hundreds of millions there.
The attack on Bitcoin has been under way since 2012. And it hasn't been from Bitcoin Cash. The attack was the "opportunity cost" inflicted on Bitcoin by an apathetic and out-of-touch development team that wouldn't enhance it. Fidelity came and went. NASDAQ came and went. Patrick Byrne - Bitcoins biggest fan, wanted to build the first decentralized stock exchange atop Bitcoin but found it too slow and expensive to coopt.
BitWage was created to enable salaries in Bitcoin and begin the much needed "closed-loop" system that would enable people to be paid in bitcoin, and in turn pay rent, buy groceries, and one day pay taxes in bitcoin. Never needing to cash out to Fiat. These are the dreams of those who support Bitcoin Cash. This is why there is such passion behind this movement.
What does this have to do with Roger Ver? Nothing.
The first wave of Bitcoin Cash adoption has already begun. And its coming from Merchants. Merchants who've become unable to conduct business with BTC due to high fees and 24+ hr transaction times. Cores failure to keep Bitcoin relevant and functional is the reason Bitcoin Cash is seeing any success at all with Merchants and users. Bitcoin Cash never needed to exist. It exists because of Core.
Before the shit finally hit the fan, Brian Armstrong, CEO of Coinbase flew to meet with Core developers to try and finally get a solution in place. He walked away from that meeting declaring: Having Core as the only Dev Team is Bitcoin's Biggest Systemic Risk:
He wrote:
"The Core team contains some very high IQ people, but there are some things which I find very concerning about them:"
1) Some of them show very poor communication skills or a lack of maturity — this has hurt bitcoin’s ability to bring new protocol developers into the space.
2) They prefer ‘perfect’ solutions to ‘good enough’. And if no perfect solution exists *they seem ok with inaction*, even if that puts bitcoin at risk.
3) They seem to have a strong belief that bitcoin will not be able to scale long term, and any block size increase is a slippery slope to a future that they are *unwilling to allow** .*
"Even though core says they are ok with a hard fork to 2MB (they have it on their own roadmap, just very far in the future), they refuse to prioritize it. They prefer to withhold something that could help the network now, because they don’t trust the community to make educated decisions in the future"
Bitcoin Cash is the solution to the problems Brian outlines above.
Bitcoin Cash exists because of Core. Not because of Roger Ver.
Bitcoin Cash solves a problem that has remained unsolved for too many years.
submitted by BitttBurger to btc [link] [comments]

r/Bitcoin recap - August 2019

Hi Bitcoiners!
I’m back with the 32nd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in August 2019
Adoption
Development * Bitcoin Core Developer Andrew Chow is straming his code tests on Twitch (7 Aug)
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Bitcoin Tumbles Nearly 30%; Coinbase Temporarily Halts Trading  Los Angeles Times The 1 Bitcoin Show- Bprivate & Trezor, Andreas & Coinbase as a bank, Brhodium Expert Advice From Andreas Antonopoulos FOR ALL BITCOIN HOLDERS! What is Bitcoin - Andreas Antonopoulos Andreas Antonopoulos - Dealing with Bitcoin Haters

Satoshi Nakamoto’s Whitepaper Introducing Bitcoin; Bitcoin for Business Accepting Bitcoin; Advertise with Bitcoin; Bitcoin for People; Bitcoin Charities List; Fun and Useful; Bitcoin Deals and Discounts; Sign in. Welcome! Log into your account. your username. your password. Forgot your password? Create an account. Sign up. Welcome! Register for an account. your email. your username. A ... Andreas Antonopoulos, a well known Bitcoin educator, has gone public in saying that he would appreciate a greater amount of privacy features in Bitcoin.Even so, Antonopoulos also expressed his ... “Bitcoin for Beginners” – Andreas Antonopoulos. August 15, 2020 by admin 0 Comments. Beginner. Share on Facebook. Share on Twitter. Share on Google+. Share on Pinterest . Share on LinkedIn. Andreas Antonopoulos at BLOKTEX Conference, February 22nd 2017, Technology Park in Kuala Lumpur, Malaysia. THIS IS AN EXTRACT FROM ORIGINAL VIDEOCLIP THAT CAN BE FOUND HERE: https://www.youtube.com ... Bitcoin and open blockchain expert, Andreas M. Antonopoulos, believes that blockchain technology is a “mechanism for global peace and justice,” rather than a traditional violent alternative. In a recent interview with Tom Shaughnessy and Medio Demarco, Antonopoulos expressed his belief of the current state of the world, heralding Bitcoin as the one option available to individuals in ... Andreas Antonopoulos has said he doesn’t expect regulated exchanges such as Coinbase to run the Lightning Network as it gains mainstream acceptance. ‘Their KYC Fell Apart’ In comments on the first episode of Let’s Talk Bitcoin! in 2018, the educator said AML/KYC obligations exchanges face are incompatible with the nature of Lightning, which recently launched a limited yet rapidly ...

[index] [42426] [13732] [41085] [30330] [27510] [8635] [38077] [42577] [33455] [31997]

Bitcoin Tumbles Nearly 30%; Coinbase Temporarily Halts Trading Los Angeles Times

The 1 Bitcoin Show- Bprivate & Trezor, Andreas & Coinbase as a bank, Brhodium BitcoinMeister. Loading... Unsubscribe from BitcoinMeister? Cancel Unsubscribe. Working... Subscribe Subscribed ... Like/Comment/Subscribe 😎 Sign Up For CryptoWatch! Affiliate Link: https://cryptowat.ch/account/create?t=kevinsvenson&utm_source=kevinsvenson . Become a P... In this video, Andreas Antonopoulos covers Elliptic Curve Crypto (ECC) & EC Digital Signature Algorithm (ECDSA), Key formats (hex, compressed, b58, b58check,... *Coinbase: GET $10 FREE BITCOIN **Buy bitcoin, litecoin, ethereum, and/or bitcoin cash on Coinbase. Purchase $100 or more and we both get $10 worth of bitcoin FREE. Also, be sure to check out ... Andreas M. Antonopoulos is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. He is known for delivering electric talks that combine ...

#