Overstock Class Action Claims SEC Blocked Firm's Digital ...

Monero Subreddit Stats from last year.

Submissions Comments
Total 994 49530
Rate (per day) 2.73 135.74
Unique Redditors 582 8080
Combined Score 161184 231580

Top Submitters' Top Submissions

  1. 5300 points, 33 submissions: dEBRUYNE_1
    1. Monero GUI 0.12.0.0 "Lithium Luna" Megathread - Download links, instructions for upgrading, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth) (386 points, 833 comments)
    2. [Reminder] monero is not the appropriate place to discuss the BTC/BCH debate (319 points, 73 comments)
    3. General information regarding the upcoming scheduled network upgrade and a call for community action (305 points, 223 comments)
    4. GUI v0.12.2.0 released! (299 points, 243 comments)
    5. Announcement - Proof-of-Work tweak and a note on key reuse (295 points, 250 comments)
    6. GUI v0.12.3.0 (with direct Ledger support) released! (280 points, 386 comments)
    7. Bitfinex reduces Monero withdrawal fees from 0.04 to 0.0001 XMR! (272 points, 9 comments)
    8. Poloniex also reduces Monero withdrawal fees to 0.0001 XMR! (220 points, 17 comments)
    9. Preliminary information thread regarding the scheduled protocol upgrade of October 18 (214 points, 208 comments)
    10. CLI v0.12.3.0 released! (195 points, 78 comments)
  2. 4228 points, 24 submissions: OsrsNeedsF2P
    1. Saying you don't need privacy because you have nothing to hide is like saying you don't need free speech because you have nothing to say. It's a right to everyone - It's a right to you, me, and even Mark Zuckerberg. (581 points, 138 comments)
    2. The official Fortnite Merch Store is accepting exclusively Monero as a cryptocurrency payment option... (445 points, 80 comments)
    3. Can we stop being assholes to newbies? (359 points, 94 comments)
    4. With all this Monero "is less untraceable than previously thought" FUD, let's all remember that huge fucking bounty of $$$ for anyone who can trace the origin of one of the devs transactions.. (343 points, 131 comments)
    5. Ever wanted to know how Monero is still around today? Well now you don't have to! This post has it all =D (297 points, 66 comments)
    6. Coinmarketcap shows Freewallet as a Monero wallet. Guys, whatever you do.. Don't use Freewallet. It's a scam. (286 points, 93 comments)
    7. SEC wants decentralized exchange creators to register as exchanges. Lol (182 points, 111 comments)
    8. "Please do your part in demanding exchanges to lower their XMR withdraw fee. I am submitting a complaint to Coinex who currently charge 0.04 XMR" - [x-post from /xmrtrader] (169 points, 43 comments)
    9. Can we get some appreciation for the people who maintain the Monero packages on Arch Linux? There are so many available, and every single one I've checked either make the package from source or validate the checksum. Amazing work <3 (156 points, 19 comments)
    10. [WARNING] DROPIL recently made a post announcing support for Monero. MOVE YOUR FUNDS if you used them!!! (119 points, 5 comments)
  3. 3954 points, 13 submissions: KnifeOfPi2
    1. Did John McAfee just sell all of his Monero?? (1277 points, 107 comments)
    2. We need to stop thinking about Monero as a “privacy coin.” (511 points, 200 comments)
    3. Selsta and I just completed the first Ledger-to-Ledger mainnet transactions ever. He sent me 0.1 XMR and I sent 0.4 XMR back. (482 points, 103 comments)
    4. Monero network hashrate just hit 1GH/s! (463 points, 166 comments)
    5. An upcoming Monero project: Render the entire blockchain. Here's a selection of blocks that we've done so far, in an early stage. (224 points, 31 comments)
    6. In Stunning Move, Bitmain Announces It's Launching A Doorstopper Business (193 points, 48 comments)
    7. Another red flag for X Wallet: The source code is incomplete. (190 points, 63 comments)
    8. MONERO IS DEAD! LONG LIVE MONERO! (155 points, 25 comments)
    9. Lithium Luna GUI released! (118 points, 66 comments)
    10. Cake Wallet - introducing Zendesk support! (100 points, 13 comments)
  4. 2421 points, 22 submissions: SamsungGalaxyPlayer
    1. Kasisto POS in 22 seconds (366 points, 76 comments)
    2. "Kudelski Security completed their [bulletproof] report. They found only a few minor issues that are trivial to correct, and no major issues." Overall, a huge win for Monero, bulletproofs, and privacy. Full report will be published soon. (338 points, 100 comments)
    3. Network upgrade scheduled for block 1544555 on 28 March (210 points, 56 comments)
    4. Fungibility is determined by the LOWEST common denominator of privacy, NOT the highest. Monero absolutely excels here. (103 points, 37 comments)
    5. [Discussion] Move to a Fixed Ringsize (102 points, 85 comments)
    6. The Monero Malware Response workgroup website is up! Direct people whose machines have been compromised here! (101 points, 22 comments)
    7. MoneroV: A Trap Laid for Monero Users? (93 points, 45 comments)
    8. Want to get the GUI point release faster? Help translate! (91 points, 18 comments)
    9. Introducing the Breaking Monero Series! (86 points, 26 comments)
    10. ShapeShift is moving to a membership model and will require personal information soon (83 points, 86 comments)
  5. 2295 points, 16 submissions: pinkphloid
    1. Cake Wallet - OPEN SOURCE - Here it is! (383 points, 167 comments)
    2. Our Monero wallet called CAKEWALLET for iOS is live! Please check the link to the Apple App Store below. (347 points, 379 comments)
    3. [MANDATORY UPDATE] Cake Wallet Version 3.0.9 - Network Upgrade Ready! (227 points, 19 comments)
    4. [UPDATE] Cake Wallet version 3.1.4, now with XMR.TO for exchanging XMR to BTC! (133 points, 15 comments)
    5. Cake Wallet - 10,000 unique downloads! (132 points, 29 comments)
    6. Thank for the positive feedback on Cake Wallet! (127 points, 62 comments)
    7. The new Cake Wallet Update version 3.0.1 is out now! (120 points, 50 comments)
    8. [UPDATE] CAKE WALLET 3.1.1 with Monero v0.13.0.4 and other stuff (118 points, 32 comments)
    9. Cake Wallet - UPDATE! (108 points, 75 comments)
    10. CAKE WALLET - new version live now with NEW FEATURES! (102 points, 97 comments)
  6. 2042 points, 16 submissions: Rehrar
    1. Core Team Announcement (344 points, 45 comments)
    2. Project FOSS (212 points, 37 comments)
    3. Write down your seed (200 points, 93 comments)
    4. Bulletproof audit needs some more funding. Details in the comments. (170 points, 55 comments)
    5. Extremely thorough introduction to Monero by cypherperro. Take a look. (122 points, 18 comments)
    6. Defcon Monero Village Update and Summary (116 points, 22 comments)
    7. MRL Bulletproof audit FFS request (115 points, 30 comments)
    8. I, rehrar,went on a YouTube show to talk about Morono (113 points, 28 comments)
    9. Fund the fundings! (107 points, 16 comments)
    10. The anonimal appreciation thread! (107 points, 21 comments)
  7. 1978 points, 15 submissions: Vespco
    1. Edward Snowden on Bitcoin Interview 2018 (at 50 minutes, he says that a traceable public ledger is a bigger problem then scalability) (362 points, 88 comments)
    2. Putting this on my invoices seems like a good way for me to promote Monero, give my customers a discount, & help me acquire more Monero. (325 points, 101 comments)
    3. It's fun to be a part of the Monero economy! (179 points, 26 comments)
    4. Honest Government Ad | Anti Encryption Law (178 points, 32 comments)
    5. Jeez, not much real conversation in here. Just junky news links. (129 points, 76 comments)
    6. The New York State Department of Financial Services just approved the trading of privacy-protecting cryptocurrency. | Coin Center (124 points, 11 comments)
    7. A good way to explain the importance of fungibility to the laymen: Bitcoin Roulette (99 points, 45 comments)
    8. Why I love Botnet & Browser Mining. (86 points, 39 comments)
    9. This needs more praise & attention: An Open Source, Client Side JS implementation that makes monero multisig fairly easy. Github link in comments. (82 points, 14 comments)
    10. Could we get even more cryptographers researching for Monero? (77 points, 31 comments)
  8. 1846 points, 14 submissions: SarangNoether
    1. Bulletproofs: let's raise some funds! (295 points, 94 comments)
    2. January monthly report from Sarang Noether (237 points, 39 comments)
    3. Bulletproofs: The Paper Strikes Back (153 points, 32 comments)
    4. July monthly report from Sarang Noether (142 points, 20 comments)
    5. March monthly report from Sarang Noether (129 points, 22 comments)
    6. August monthly report from Sarang Noether (122 points, 33 comments)
    7. February monthly report from Sarang Noether (119 points, 27 comments)
    8. Sarang is up for three more months! (107 points, 30 comments)
    9. October monthly report from Sarang Noether (102 points, 26 comments)
    10. September monthly report from Sarang Noether (99 points, 25 comments)
  9. 1470 points, 4 submissions: TheFuzzStone
    1. "I do not have any Bitcoin" (1182 points, 96 comments)
    2. Fluffypony at Consensus 2018 (134 points, 33 comments)
    3. Time for Monero "killers"! :-) (91 points, 34 comments)
    4. XMR.RU-report (March) (63 points, 14 comments)
  10. 1468 points, 5 submissions: philkode
    1. Overstock.com accepting Monero (and ETH, BCH, LTC, DASH) (499 points, 36 comments)
    2. Happy 4th Birthday Monero! 🎂🎉🎁 (455 points, 62 comments)
    3. Monero has been added to Debian unstable repo as of yesterday. (321 points, 52 comments)
    4. “Unhackable” BitFi wallet just got hacked (xpost /cryptocurrency) (130 points, 41 comments)
    5. X Wallet to App Store (Soon™) (63 points, 67 comments)

Top Commenters

  1. dEBRUYNE_1 (3762 points, 1243 comments)
  2. KnifeOfPi2 (3311 points, 347 comments)
  3. OsrsNeedsF2P (3189 points, 505 comments)
  4. fluffyponyza (3027 points, 272 comments)
  5. gingeropolous (2554 points, 320 comments)
  6. cryptochangements34 (2522 points, 261 comments)
  7. SarangNoether (2269 points, 185 comments)
  8. SamsungGalaxyPlayer (2108 points, 221 comments)
  9. john_alan (1993 points, 218 comments)
  10. smooth_xmr (1944 points, 279 comments)

Top Submissions

  1. Did John McAfee just sell all of his Monero?? by KnifeOfPi2 (1277 points, 107 comments)
  2. Paypal shares your personal data with over 600 companies! That's why we need Monero! by 0xf3e (1184 points, 146 comments)
  3. "I do not have any Bitcoin" by TheFuzzStone (1182 points, 96 comments)
  4. Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government by SecretApe (1114 points, 110 comments)
  5. Monero transactions are about to get 80% cheaper and faster. by WillMTB (1056 points, 120 comments)
  6. Bye bye ASICs by Swericor (874 points, 380 comments)
  7. Upvote if you would like to see @fluffyponyza as a guest on Joe Rogan Podcast by xmr_karnal (840 points, 44 comments)
  8. All right, my cat had kittens and I just realised one of them has Monero-like logo on its head 😂😂 by JNKO266 (817 points, 79 comments)
  9. Credit, where credit is due! by Experts-say (796 points, 53 comments)
  10. Yesterday I thought it might be fun to create some vintage crypto posters for a handful of coins. This was the first one I came up with. Bonus points if you spot similarities from an old movie by Beemoe4 (722 points, 67 comments)

Top Comments

  1. 495 points: mr670wl's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  2. 474 points: kieranc001's comment in Monero Zero looks like a scam, can you please confirm?
  3. 380 points: deleted's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  4. 356 points: deleted's comment in Ledger Hardware Wallet - Monero integration : some news #6
  5. 331 points: last_of_the_romans's comment in Monero transactions are about to get 80% cheaper and faster.
  6. 323 points: svenroy777's comment in "I do not have any Bitcoin"
  7. 311 points: deleted's comment in Did John McAfee just sell all of his Monero??
  8. 255 points: KnifeOfPi2's comment in Monero transactions are about to get 80% cheaper and faster.
  9. 237 points: live9free1or1die's comment in Banning privacy coins because of terrorism/drugs/laundering is like banning people from being allowed to have sex in privacy because pedophiles also like privacy.
  10. 203 points: fluffyponyza's comment in Botnets are Ruining the Integrity of the Monero Network
Generated with BBoe's Subreddit Stats (Donate)
Inspired by a post I found on /Pivx by turtleflax.
submitted by OsrsNeedsF2P to Monero [link] [comments]

Subreddit Stats: Monero top posts from 2018-01-03 to 2019-01-02 13:47 PDT

Period: 364.01 days
Submissions Comments
Total 994 49530
Rate (per day) 2.73 135.74
Unique Redditors 582 8080
Combined Score 161184 231580

Top Submitters' Top Submissions

  1. 5300 points, 33 submissions: dEBRUYNE_1
    1. Monero GUI 0.12.0.0 "Lithium Luna" Megathread - Download links, instructions for upgrading, guide on how to get started, and guides to resolve common issues (missing a transaction / zero balance, freezing / buggy GUI, transaction stuck as pending, and GUI using all bandwidth) (386 points, 833 comments)
    2. [Reminder] monero is not the appropriate place to discuss the BTC/BCH debate (319 points, 73 comments)
    3. General information regarding the upcoming scheduled network upgrade and a call for community action (305 points, 223 comments)
    4. GUI v0.12.2.0 released! (299 points, 243 comments)
    5. Announcement - Proof-of-Work tweak and a note on key reuse (295 points, 250 comments)
    6. GUI v0.12.3.0 (with direct Ledger support) released! (280 points, 386 comments)
    7. Bitfinex reduces Monero withdrawal fees from 0.04 to 0.0001 XMR! (272 points, 9 comments)
    8. Poloniex also reduces Monero withdrawal fees to 0.0001 XMR! (220 points, 17 comments)
    9. Preliminary information thread regarding the scheduled protocol upgrade of October 18 (214 points, 208 comments)
    10. CLI v0.12.3.0 released! (195 points, 78 comments)
  2. 4228 points, 24 submissions: OsrsNeedsF2P
    1. Saying you don't need privacy because you have nothing to hide is like saying you don't need free speech because you have nothing to say. It's a right to everyone - It's a right to you, me, and even Mark Zuckerberg. (581 points, 138 comments)
    2. The official Fortnite Merch Store is accepting exclusively Monero as a cryptocurrency payment option... (445 points, 80 comments)
    3. Can we stop being assholes to newbies? (359 points, 94 comments)
    4. With all this Monero "is less untraceable than previously thought" FUD, let's all remember that huge fucking bounty of $$$ for anyone who can trace the origin of one of the devs transactions.. (343 points, 131 comments)
    5. Ever wanted to know how Monero is still around today? Well now you don't have to! This post has it all =D (297 points, 66 comments)
    6. Coinmarketcap shows Freewallet as a Monero wallet. Guys, whatever you do.. Don't use Freewallet. It's a scam. (286 points, 93 comments)
    7. SEC wants decentralized exchange creators to register as exchanges. Lol (182 points, 111 comments)
    8. "Please do your part in demanding exchanges to lower their XMR withdraw fee. I am submitting a complaint to Coinex who currently charge 0.04 XMR" - [x-post from /xmrtrader] (169 points, 43 comments)
    9. Can we get some appreciation for the people who maintain the Monero packages on Arch Linux? There are so many available, and every single one I've checked either make the package from source or validate the checksum. Amazing work <3 (156 points, 19 comments)
    10. [WARNING] DROPIL recently made a post announcing support for Monero. MOVE YOUR FUNDS if you used them!!! (119 points, 5 comments)
  3. 3954 points, 13 submissions: KnifeOfPi2
    1. Did John McAfee just sell all of his Monero?? (1277 points, 107 comments)
    2. We need to stop thinking about Monero as a “privacy coin.” (511 points, 200 comments)
    3. Selsta and I just completed the first Ledger-to-Ledger mainnet transactions ever. He sent me 0.1 XMR and I sent 0.4 XMR back. (482 points, 103 comments)
    4. Monero network hashrate just hit 1GH/s! (463 points, 166 comments)
    5. An upcoming Monero project: Render the entire blockchain. Here's a selection of blocks that we've done so far, in an early stage. (224 points, 31 comments)
    6. In Stunning Move, Bitmain Announces It's Launching A Doorstopper Business (193 points, 48 comments)
    7. Another red flag for X Wallet: The source code is incomplete. (190 points, 63 comments)
    8. MONERO IS DEAD! LONG LIVE MONERO! (155 points, 25 comments)
    9. Lithium Luna GUI released! (118 points, 66 comments)
    10. Cake Wallet - introducing Zendesk support! (100 points, 13 comments)
  4. 2421 points, 22 submissions: SamsungGalaxyPlayer
    1. Kasisto POS in 22 seconds (366 points, 76 comments)
    2. "Kudelski Security completed their [bulletproof] report. They found only a few minor issues that are trivial to correct, and no major issues." Overall, a huge win for Monero, bulletproofs, and privacy. Full report will be published soon. (338 points, 100 comments)
    3. Network upgrade scheduled for block 1544555 on 28 March (210 points, 56 comments)
    4. Fungibility is determined by the LOWEST common denominator of privacy, NOT the highest. Monero absolutely excels here. (103 points, 37 comments)
    5. [Discussion] Move to a Fixed Ringsize (102 points, 85 comments)
    6. The Monero Malware Response workgroup website is up! Direct people whose machines have been compromised here! (101 points, 22 comments)
    7. MoneroV: A Trap Laid for Monero Users? (93 points, 45 comments)
    8. Want to get the GUI point release faster? Help translate! (91 points, 18 comments)
    9. Introducing the Breaking Monero Series! (86 points, 26 comments)
    10. ShapeShift is moving to a membership model and will require personal information soon (83 points, 86 comments)
  5. 2295 points, 16 submissions: pinkphloid
    1. Cake Wallet - OPEN SOURCE - Here it is! (383 points, 167 comments)
    2. Our Monero wallet called CAKEWALLET for iOS is live! Please check the link to the Apple App Store below. (347 points, 379 comments)
    3. [MANDATORY UPDATE] Cake Wallet Version 3.0.9 - Network Upgrade Ready! (227 points, 19 comments)
    4. [UPDATE] Cake Wallet version 3.1.4, now with XMR.TO for exchanging XMR to BTC! (133 points, 15 comments)
    5. Cake Wallet - 10,000 unique downloads! (132 points, 29 comments)
    6. Thank for the positive feedback on Cake Wallet! (127 points, 62 comments)
    7. The new Cake Wallet Update version 3.0.1 is out now! (120 points, 50 comments)
    8. [UPDATE] CAKE WALLET 3.1.1 with Monero v0.13.0.4 and other stuff (118 points, 32 comments)
    9. Cake Wallet - UPDATE! (108 points, 75 comments)
    10. CAKE WALLET - new version live now with NEW FEATURES! (102 points, 97 comments)
  6. 2042 points, 16 submissions: Rehrar
    1. Core Team Announcement (344 points, 45 comments)
    2. Project FOSS (212 points, 37 comments)
    3. Write down your seed (200 points, 93 comments)
    4. Bulletproof audit needs some more funding. Details in the comments. (170 points, 55 comments)
    5. Extremely thorough introduction to Monero by cypherperro. Take a look. (122 points, 18 comments)
    6. Defcon Monero Village Update and Summary (116 points, 22 comments)
    7. MRL Bulletproof audit FFS request (115 points, 30 comments)
    8. I, rehrar,went on a YouTube show to talk about Morono (113 points, 28 comments)
    9. Fund the fundings! (107 points, 16 comments)
    10. The anonimal appreciation thread! (107 points, 21 comments)
  7. 1978 points, 15 submissions: Vespco
    1. Edward Snowden on Bitcoin Interview 2018 (at 50 minutes, he says that a traceable public ledger is a bigger problem then scalability) (362 points, 88 comments)
    2. Putting this on my invoices seems like a good way for me to promote Monero, give my customers a discount, & help me acquire more Monero. (325 points, 101 comments)
    3. It's fun to be a part of the Monero economy! (179 points, 26 comments)
    4. Honest Government Ad | Anti Encryption Law (178 points, 32 comments)
    5. Jeez, not much real conversation in here. Just junky news links. (129 points, 76 comments)
    6. The New York State Department of Financial Services just approved the trading of privacy-protecting cryptocurrency. | Coin Center (124 points, 11 comments)
    7. A good way to explain the importance of fungibility to the laymen: Bitcoin Roulette (99 points, 45 comments)
    8. Why I love Botnet & Browser Mining. (86 points, 39 comments)
    9. This needs more praise & attention: An Open Source, Client Side JS implementation that makes monero multisig fairly easy. Github link in comments. (82 points, 14 comments)
    10. Could we get even more cryptographers researching for Monero? (77 points, 31 comments)
  8. 1846 points, 14 submissions: SarangNoether
    1. Bulletproofs: let's raise some funds! (295 points, 94 comments)
    2. January monthly report from Sarang Noether (237 points, 39 comments)
    3. Bulletproofs: The Paper Strikes Back (153 points, 32 comments)
    4. July monthly report from Sarang Noether (142 points, 20 comments)
    5. March monthly report from Sarang Noether (129 points, 22 comments)
    6. August monthly report from Sarang Noether (122 points, 33 comments)
    7. February monthly report from Sarang Noether (119 points, 27 comments)
    8. Sarang is up for three more months! (107 points, 30 comments)
    9. October monthly report from Sarang Noether (102 points, 26 comments)
    10. September monthly report from Sarang Noether (99 points, 25 comments)
  9. 1470 points, 4 submissions: TheFuzzStone
    1. "I do not have any Bitcoin" (1182 points, 96 comments)
    2. Fluffypony at Consensus 2018 (134 points, 33 comments)
    3. Time for Monero "killers"! :-) (91 points, 34 comments)
    4. XMR.RU-report (March) (63 points, 14 comments)
  10. 1468 points, 5 submissions: philkode
    1. Overstock.com accepting Monero (and ETH, BCH, LTC, DASH) (499 points, 36 comments)
    2. Happy 4th Birthday Monero! 🎂🎉🎁 (455 points, 62 comments)
    3. Monero has been added to Debian unstable repo as of yesterday. (321 points, 52 comments)
    4. “Unhackable” BitFi wallet just got hacked (xpost /cryptocurrency) (130 points, 41 comments)
    5. X Wallet to App Store (Soon™) (63 points, 67 comments)

Top Commenters

  1. dEBRUYNE_1 (3762 points, 1243 comments)
  2. KnifeOfPi2 (3311 points, 347 comments)
  3. OsrsNeedsF2P (3189 points, 505 comments)
  4. fluffyponyza (3027 points, 272 comments)
  5. gingeropolous (2554 points, 320 comments)
  6. cryptochangements34 (2522 points, 261 comments)
  7. SarangNoether (2269 points, 185 comments)
  8. SamsungGalaxyPlayer (2108 points, 221 comments)
  9. john_alan (1993 points, 218 comments)
  10. smooth_xmr (1944 points, 279 comments)

Top Submissions

  1. Did John McAfee just sell all of his Monero?? by KnifeOfPi2 (1277 points, 107 comments)
  2. Paypal shares your personal data with over 600 companies! That's why we need Monero! by 0xf3e (1184 points, 146 comments)
  3. "I do not have any Bitcoin" by TheFuzzStone (1182 points, 96 comments)
  4. Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government by SecretApe (1114 points, 110 comments)
  5. Monero transactions are about to get 80% cheaper and faster. by WillMTB (1056 points, 120 comments)
  6. Bye bye ASICs by Swericor (874 points, 380 comments)
  7. Upvote if you would like to see @fluffyponyza as a guest on Joe Rogan Podcast by xmr_karnal (840 points, 44 comments)
  8. All right, my cat had kittens and I just realised one of them has Monero-like logo on its head 😂😂 by JNKO266 (817 points, 79 comments)
  9. Credit, where credit is due! by Experts-say (796 points, 53 comments)
  10. Yesterday I thought it might be fun to create some vintage crypto posters for a handful of coins. This was the first one I came up with. Bonus points if you spot similarities from an old movie by Beemoe4 (722 points, 67 comments)

Top Comments

  1. 495 points: mr670wl's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  2. 474 points: kieranc001's comment in Monero Zero looks like a scam, can you please confirm?
  3. 380 points: deleted's comment in Found In Warsaw - Don't Buy Monero: Cryptocurrencies harm the banking system and can weaken the government
  4. 356 points: deleted's comment in Ledger Hardware Wallet - Monero integration : some news #6
  5. 331 points: last_of_the_romans's comment in Monero transactions are about to get 80% cheaper and faster.
  6. 323 points: svenroy777's comment in "I do not have any Bitcoin"
  7. 311 points: deleted's comment in Did John McAfee just sell all of his Monero??
  8. 255 points: KnifeOfPi2's comment in Monero transactions are about to get 80% cheaper and faster.
  9. 237 points: live9free1or1die's comment in Banning privacy coins because of terrorism/drugs/laundering is like banning people from being allowed to have sex in privacy because pedophiles also like privacy.
  10. 203 points: fluffyponyza's comment in Botnets are Ruining the Integrity of the Monero Network
Generated with BBoe's Subreddit Stats (Donate)
submitted by OsrsNeedsF2P to subreddit_stats [link] [comments]

[uncensored-r/Bitcoin] Bitcoin: a force for change but it will die

The following post by mctek17 is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7msqd2
The original post's content was as follows:
People get emotional about Bitcoin, just like they get emotional about stocks. Emotions cause investors to hold a stock too long, or wait too long to invest in one. Emotions will also be why many people end up stuck with once valuable, but suddenly useless Bitcoin. Please don't get me wrong. Bitcoin will change the world, but it will be through the lessons that banks and governments learn from it, not because the future of paying for things will be with Bitcoin. Who do you know that uses Bitcoin to pay for things on a regular basis? Nobody, unless you know someone who shops on Overstock for everything. And yet, the supposed market cap is higher than Visa's market cap already. How can that be? Ask yourself that. Even if you claim that the value is in the foreign exchange market right now, then I say go check how much foreign exchange is happening in Bitcoin. It's a tiny percentage, but you need to do your homework. How many of you don't really care about it's real value, and are owning Bitcoin because you hope to sell it at a profit someday, and really no other reason? I could point you to a famous similar story in Holland in the 1600s, but many people have already pointed that out, and I won't repeat it. Many of you holding Bitcoin are loving that meteoric rise, right? Well, if you plot a trend line and continue it through 2018, the market cap would be close to the market cap of the entire stock market worldwide at the end of 2018. Makes sense, right? If it only grew the same as this year and went up by the same percentage around 1700%, it would be worth half of the total NASDAQ market cap. NASDAQ, which includes companies like Amazon, Apple, and Alphabet. I have been trying to figure out how so many people think there is this much value in Bitcoin, and I realized... most people who own Bitcoin got them from mining. The price is just the latest amount that someone was willing to buy one at. You cannot simply multiply that latest price, that someone foolishly paid, by the amount of all the coins, when so many of them are not actively used for anything and therefore should not contribute to the market cap. Look I don't know what it will do. I just know that my opinion, based on lessons learned of my own mistakes in investing, is that Bitcoin is way overpriced, and will likely fall when the majority realizes that. It may never go to zero, but when banks institutionalize their own currency and foreign exchange based on a blockchain, most people will flock to that, and the only people left in Bitcoin will be believers in a currency that governments will never get behind and fools who kick themselves for buying at $16000 when they can't even get $100 for one anymore. And this goes for all cryptocurrencies. For proof that they will all fall when Bitcoin does, just ask yourself how separate coins on completely separate distributed networks all fell by the same amount the other day, December 21 2017. They may be on separate networks, but they rely entirely on Bitcoin's success. It's all based on perceived value, just like the US dollar, but the US dollar has the backing of the US government. Most people will continue using the currency supported by their government. To be honest, I almost bought into Bitcoin before realizing this. I'm trying to help. I honestly have nothing to gain from writing this, and wish you the best, no matter what you do. Share this if you want, I don't care.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

03-06 19:12 - 'Bitcoin stuck... any help?' (self.Bitcoin) by /u/H4ter227 removed from /r/Bitcoin within 4-14min

'''
Ok so I bought a shirt on overstock ,but I put the transition fee to low and it is stuck. I don’t even want the shirt anymore. Is there a way to cancel the transaction? I use blockchain.
'''
Bitcoin stuck... any help?
Go1dfish undelete link
unreddit undelete link
Author: H4ter227
submitted by removalbot to removalbot [link] [comments]

12-29 07:22 - 'Bitcoin: a force for change but it will die' (self.Bitcoin) by /u/mctek17 removed from /r/Bitcoin within 21-31min

'''
People get emotional about Bitcoin, just like they get emotional about stocks. Emotions cause investors to hold a stock too long, or wait too long to invest in one. Emotions will also be why many people end up stuck with once valuable, but suddenly useless Bitcoin. Please don't get me wrong. Bitcoin will change the world, but it will be through the lessons that banks and governments learn from it, not because the future of paying for things will be with Bitcoin. Who do you know that uses Bitcoin to pay for things on a regular basis? Nobody, unless you know someone who shops on Overstock for everything. And yet, the supposed market cap is higher than Visa's market cap already. How can that be? Ask yourself that. Even if you claim that the value is in the foreign exchange market right now, then I say go check how much foreign exchange is happening in Bitcoin. It's a tiny percentage, but you need to do your homework. How many of you don't really care about it's real value, and are owning Bitcoin because you hope to sell it at a profit someday, and really no other reason? I could point you to a famous similar story in Holland in the 1600s, but many people have already pointed that out, and I won't repeat it. Many of you holding Bitcoin are loving that meteoric rise, right? Well, if you plot a trend line and continue it through 2018, the market cap would be close to the market cap of the entire stock market worldwide at the end of 2018. Makes sense, right? If it only grew the same as this year and went up by the same percentage around 1700%, it would be worth half of the total NASDAQ market cap. NASDAQ, which includes companies like Amazon, Apple, and Alphabet. I have been trying to figure out how so many people think there is this much value in Bitcoin, and I realized... most people who own Bitcoin got them from mining. The price is just the latest amount that someone was willing to buy one at. You cannot simply multiply that latest price, that someone foolishly paid, by the amount of all the coins, when so many of them are not actively used for anything and therefore should not contribute to the market cap. Look I don't know what it will do. I just know that my opinion, based on lessons learned of my own mistakes in investing, is that Bitcoin is way overpriced, and will likely fall when the majority realizes that. It may never go to zero, but when banks institutionalize their own currency and foreign exchange based on a blockchain, most people will flock to that, and the only people left in Bitcoin will be believers in a currency that governments will never get behind and fools who kick themselves for buying at $16000 when they can't even get $100 for one anymore. And this goes for all cryptocurrencies. For proof that they will all fall when Bitcoin does, just ask yourself how separate coins on completely separate distributed networks all fell by the same amount the other day, December 21 2017. They may be on separate networks, but they rely entirely on Bitcoin's success. It's all based on perceived value, just like the US dollar, but the US dollar has the backing of the US government. Most people will continue using the currency supported by their government. To be honest, I almost bought into Bitcoin before realizing this. I'm trying to help. I honestly have nothing to gain from writing this, and wish you the best, no matter what you do. Share this if you want, I don't care.
'''
Bitcoin: a force for change but it will die
Go1dfish undelete link
unreddit undelete link
Author: mctek17
submitted by removalbot to removalbot [link] [comments]

Valuing Bitcoin: this got no love when I posted a year ago, but just re-read and I still think it provides a useful framework that I've not seen elsewhere (which is odd because it seems obvious)

Background: A lot of the discussion on bitcoin value is IMO lacking in a proper analytical grounding. People throw out random numbers, or say you should look at the market cap of visa etc, without providing any rationale. I'm not an academic, but I studied economics and spend my day valuing companies so I have a degree of expertise. I also did a bit of research to understand better the dynamics of other currencies to which I compare certain attributes, e.g., velocity. Note that this is over a year old so the numbers are a bit out of date but that shouldn't make much difference to the basic analysis. The link to the article on scribd is here...
http://www.scribd.com/doc/217902157/Valuing-Bitcoin
... and I've inserted the full text here (I guess the formatting will not be great)..
Valuing Bitcoin
Summary: I use a very simple model of transaction value, bitcoin velocity and the number of bitcoins in use to derive a fair value for a bitcoin today. Rather than trying to analyse in detail the likelihood of and means by which bitcoin may become more widely adopted, I use a scenario analysis that allows us to take a ‘finger in the air’ approach to estimating the likelihood of Bitcoin’s success or failure. Taking this approach we can back-calculate to work out what is implied in the current valuation of bitcoins in terms of likelihood of adoption, or other key variables.
This is primarily a simplified framework to help elucidate the fundamentals that drive the value of bitcoins. The assumptions herein are very ‘back of the envelope’ and are principally for exposition.
  1. First principles
The value of a single bitcoin is related to the value and velocity of transactions made using bitcoin, and the volume of bitcoins in use.
The value of transactions made with bitcoin. Let’s say we assume that bitcoin will succeed in becoming the payment choice for US$100bn of transactions per year. Let’s also first assume that this US$100bn takes the form of one single transaction – say to buy all of the outstanding stock of Facebook. In order for this to be possible, the entire market value of Bitcoin would need to be at least US$100bn. For argument’s sake, let’s say someone managed to accumulate all of the bitcoins in existence (ca.12.5 million today) and used them to make this transaction, then we can infer that the value of a single bitcoin, when this transaction happens, is $8,000.
The velocity of transactions made with bitcoin. Let’s take the same example above, but this time let’s assume that rather than one transaction, it takes the form of two transactions – let’s say to buy ‘whataspp’ and ‘wechat’, for the equivalent of US$50bn each. Let’s further assume that the seller of whatsapp, uses the US$50bn of bitcoins he has received, to buy wechat. How much does Bitcoin need to be worth to facilitate this series of transactions? Hopefully one can see that at the very least, it needs to be worth $4,000, half of the example above, because the same bitcoins could be used twice. Therefore, the same ‘value’ of transactions has been facilitated, US$100bn, but depending on the number of times the same bitcoin can be used the implied value of bitcoin can differ.
The volume of bitcoins in use. The previous two examples have assumed that the whole outstanding stock of bitcoins is being used to facilitate the transactions. This is unlikely to be true. It is very likely that a good number of bitcoins have been ‘lost’ – ie., stuck on hard drives thrown into landfills, etc. Let’s assume there are 2.5 million lost bitcoins – the value in our first example would then have to be US$10,000. Moreover, clearly a lot of people today hold bitcoins as a store of value, or perhaps more accurately, as a speculative investment. The number of bitcoins genuinely in circulation, therefore falls still further.
  1. Arriving at a formula to determine the value of a bitcoin
Using the basic principles outlined above, we can generate a simple formula to describe the value of a bitcoin as such:
1 btc = T/V/U
Where T = transaction value V = velocity U = no. of bitcoins in use
This is obviously a simplification, so we need to explore each aspect in greater detail to understand how to use it properly.
2.1 Transaction value (T)
How do we determine transaction value in the real economy? The obvious place to look is GDP, the most widely used measure of economic activity. It measures the value of all final goods and services consumed in an economy. Does this equate to the value of transactions in the economy? No – because before a good is finally consumed there are typically many other transactions going on to facilitate its transformation from raw material, to intermediate good, to finished good, to consumption by end consumer. The advantage of GDP, however, is that it is relatively easy to measure. Estimating the value of all transactions, on the other hand, is very hard and is a problem economist have recognized for a long time. That is not to say there aren’t estimates: a September 2013 white paper by Mastercard estimated the total value of transactions globally in 2011 as $592 trillion, compared to global consumer payments / GDP of $63 trillion. This may well be a good ballpark figure, however for our purposes we can probably just stick to measures of GDP. Why? Because, faced with this measurement issue, economists have worked around it to base their analyses on GDP, and therefore as we try to compare bitcoin value versus, say, the USD, it makes sense to use the framework most commonly used.
It is important to understand, however, that because of this framework only bitcoin transactions that are used in the final consumption of goods and services count towards our measure of ‘T’. Trading of bitcoins, or international remittances, for instance, do not count.
2.2 Velocity (V)
Given the difficulty in measuring the value and volume of transactions in an economy, it is quite difficult to measure velocity directly, in an accurate or meaningful way. To get round this problem economists take a different approach, which is quite useful for our purposes. Rather than measure velocity (V), we measure the ratio (k) of all cash balances in the economy (coins, notes, bank deposits – M1 money) to a measure of transaction volume, in this case GDP. By means of illustration, this ratio for the US today is about 14%. This means that to support the USA’s GDP of $16 trillion, roughly $2.3 trillion needs, at any one time, to be sat in bank accounts, in people’s wallets or under the mattress. Put simply this measures how much people and businesses like to keep on hand for everyday consumption. The rest of their savings can go into non-cash savings vehicles, like a house, or the stock market.
The velocity of money V can be seen as the inverse of k – i.e, each dollar of that $2.3 trillion would need to be spent around 7 times in the year to generate the $16 trillion in GDP. This in reality is a simplification, but we can work with it to come up with comparable assumptions for bitcoin.
2.3 Bitcoins in Use / Money supply (U)
In order to work out the velocity of money in the US economy, economists need to know the money supply. Figuring out the money supply in fiat currencies is more complex than for bitcoin – this is because there are different types of fiat money – it can be in the form of coins and notes, or in basic bank current accounts, savings accounts, fixed deposits, etc. In the example above we calculated the velocity of M1 money – that is coins, notes and demand deposit bank accounts.
Bitcoin is just bitcoin, and we know there have been ca. 12.5m bitcoins mined. That being said, it is not so straightforward to determine bitcoins ‘in use’. For one, there are all the lost coins. In the analysis herein I have assumed 2.5m have been lost (or, more accurately, private keys lost). There is also the question of how to treat those bitcoins that are being held for investment purposes. M1 is sort of a measure of ‘ready cash’ – a description that does not really apply to most bitcoins. In reality, most bitcoin holders probably treat some portion of their stockpile as ‘ready cash’, and the rest as investment. It is this ‘ready cash’ proportion that is of interest in calculating U.
  1. Estimating a value for bitcoin
With the above analysis in place, it is easy to start understanding the implications for the value of bitcoin. For example, if the US were to switch to a pure bitcoin economy today, and the velocity of bitcoin was the same as for the dollar, then we can say the value of a single bitcoin would need to be:
Btc = T/V/U = 16 trillion / 7 / 12.5 million = $183,000
3.1 The value of bitcoin based on today’s usage
Estimating T, V and U:
T. It is quite hard to estimate what T is today. We know the total transaction value from the blockchain, but most of this is exchanging bitcoin for other currencies or transfers between accounts. This doesn’t count in our estimate of bitcoin ‘GDP’. We do know it must be quite low – the most well known retailer accepting bitcoin, Overstock.com, takes in about $1m in bitcoin sales per month, so $12m per year. Let’s estimate, finger in the air, that total real world goods and services transactions in bitcoin are $1bn per year – this may well still be high.
V. It is very difficult to estimate velocity for those bitcoins that are in use as ‘currency’. It seems a fair assumption, however, that the velocity is slower than for USD, since there are simply not many bitcoiners out there buying and selling stuff. Again, with a finger in the air, let’s assume velocity of bitcoin today is 1 (compared to around 7 for the USD).
U. we know there have been around 12.5 million bitcoins ever mined – but are they in use? Certainly, some have been lost, so we should definitely remove them from our calculation of U. What about coins that are being used for speculative investment? Are they in use, but just very slow moving? We could choose to look at it that way, but I would rather assume that people using bitcoin see some of their stockpile as being ‘for investment’, and some as for everyday spending. Those that are for investment are really more like houses or stocks and bonds, and therefore not really part of U. Over time, as bitcoin approaches its long term price we would expect that people would hold bitcoin less as an investment, and therefore bitcoins in use would rise. For now though it seems clear that most bitcoins are being held for investment. Again, it is impossible to say what proportion, but I think it is high – say at least 80%. If we assume that 2.5 million bitcoins are lost, and that 80% are for investment, that means that only 2 million are ‘in use’.
These finger in the air assumptions give us the following as a minimum value required to support the value of btc transactions in the economy today:
Btc = T/V/U = 1bn / 1/ 2mn = $500.
Of course, we know the value of bitcoin today (ca $422 as of 12 April 2014), so we could back calculate the value of an individual variable. Since the average value of bitcoin over the last year or so is in the $500 range, these assumptions look plausible.
The true, fair, value of bitcoin today, however, given that most people are holding it as an investment, is clearly based on future expectations of its adoption and usage. Below, therefore, I build up some basic assumptions about what that could look like, to derive a very rough, back of the envelope type calculation for the real value of one bitcoin.
3.2 Estimating a fair value for bitcoin
Obviously, it is very unlikely that bitcoin will replace the US dollar, so we need to arrive at some sort of reasonable assumptions for what might happen.
For the purposes of this exposition, I will focus on where bitcoin could be in 5 years time. This is a close enough time frame to feel comfortable making some sort of prediction. Of course, the full potential of bitcoin may not be realized for 10 or 20 years or more, however in order to be conservative and to keep the assumptions at a level where people can have a good gut feel for whether they are realistic or not, let’s stick to 5 years.
I’m going to use three scenarios: 1. Crash and burn – where bitcoin is dead in 5 years – no one is using it at all – it just didn’t live up to the hype, there are a couple more gox like scandals and the original evangelists have moved onto new things 2. Nice but boring – bitcoin continues its slow but steady rise, but there is no exponential take off and usage remains confined to online payments by the relatively tech-savvy and libertarian 3. To the moon – bitcoin reaches critical mass, usage becomes easy, widely accepted and the wider population starts to understand it better. In developed markets it takes meaningful market share in online transactions and is beginning to make meaningful inroads in offline payments. In some emerging markets it is trusted more than the local currency, and adoption rates are soaring.
Basic considerations on U
I don’t know the answer to this, someone probably does, but let’s assume that in 2019 there have now been 15 million bitcoins mined. Let’s assume 2.5 million are still lost, so there are 12.5 million bitcoins, either being used as an investment or as currency.
Scenario 1 – Crash and burn
In our equation T = 0 (or very close to 0) therefore:
1 btc = 0/V/U = $0
Scenario 2 – Nice but boring
Let’s say that bitcoin takes 1% of online spending, and basically zero offline spending. E-commerce in 2019 is expected to be valued at around $3 trillion. Therefore we assume T = $30bn. Remember we estimated that T today is around $1bn.
Since there is a material amount of spending happening now, let’s assume that V has doubled to equal 2.
In this scenario it is likely that most people are still holding bitcoin as an investment, hopeful of future price increases, however it has been almost 10 years since bitcoin was founded, bitcoin are a lot easier to spend and after holding for so long people are now more willing to spend them. There are probably a decent number of second stage adopters using bitcoin just as an online payment vehicle, not for investment. So let’s assume that just 70% of bitcoins are held as an investment, and therefore there are 3.75m being used for transactions. Therefore:
1btc = 30bn/2/3.75m = $4,000
Scenario 3 – To the moon!
In this scenario bitcoin has really taken hold, particularly online, where 20% of transactions now use bitcoin. Offline uptake is slower, but gaining traction. Let’s say 1% of offline transactions in developed markets use bitcoin. In emerging markets, where currencies are volatile, and where a lot of people have been receiving remittances in bitcoin from relatives abroad, offline uptake is greater, let’s say 2%.
Online transactions – 20% x $3 trn = $600bn Developed world offline – 1% x $45trn = $450bn Developing world offline – 2% x $30trn = $600bn
T = $1,450bn
In this scenario spending has really taken off, so let’s assume velocity (V) has now reached 5.
Of the 12.5 million coins in existence now, a good chunk are actually being used for real world transactions, so let’s say only 50% now are being held for investment – i.e., U = 6.25m.
1 btc = $1450bn / 5 / 6.25m = $46,400
Probability of occurrence
To estimate our bitcoin value, we take a weighted average of the values produced by each scenario, based on an assumption about the likelihood of each coming to pass.
Scenario Btc value Likelihood Weighted value 1. Crash and burn $0 50% $0 2. Nice but boring $4,000 45% $1,800 3. To the moon $46,400 5% $2,320 100% $4,120
Therefore, if you accept the assumptions above, and the probability attributed to each scenario, the probability weighted value of a single bitcoin in 5 years time will need to be $4,120.
Time value of money
To reach a valuation for a bitcoin today, we need to discount backwards from the value in 5 years time. This is very simple, since we do not need to discount heavily as we have already considered the ‘risk’ within our scenario analysis. The only discounting we need to do is therefore at the risk free rate, which is usually taken to be the yield you would get if you held a US Treasury bond of similar duration. Let’s say this is 3%. Discounting $4,120 back to today we therefore arrive at our final ‘finger in the air’ value for one bitcoin today:
1 bitcoin = $3,554
  1. Implications of the current btc value
As of April 12 2014, the value of one bitcoin is around $420. We can take this value and, holding other assumptions as they are, solve for a single variable to see what might be happening.
For instance, perhaps I am being unfair in treating some bitcoins as out of use. If we solve for U, taking $422 as the value of one bitcoin, the implied number of bitcoins in use is 43 million – an impossible number. Let’s assume that in 2019 all 15 million bitcoins ever mined are ‘in use’, and that the velocity of transactions stays the same. If so, the value of 1 bitcoin today ought to be $1,222.
If we solve for the probability of scenario 1 happening (keeping the ratio of the likelihood of scenario 2 and 3 the same), we discover that today’s $422 valuation implies a likelihood of bitcoin ‘crashing and burning’ of 94.06%.
submitted by yingguoreninchina to Bitcoin [link] [comments]

Subreddit Stats: btc top posts from 2016-11-05 to 2016-12-04 23:06 PDT

Period: 29.76 days
Submissions Comments
Total 1000 26468
Rate (per day) 33.61 875.03
Unique Redditors 395 1784
Combined Score 46892 99911

Top Submitters' Top Submissions

  1. 2360 points, 29 submissions: ydtm
    1. u/jessquit to u/nullc "You're so fucking shameless, devoting your career to crippling one of the most disruptive inventions since the Internet to please your investment team. Watching you go down in flames will be one of the great moments in computer science. Your legacy will be a monument of shame" (214 points, 40 comments)
    2. Suggestion for new terminology. Instead of saying "small blocks" vs "big blocks", we could say: "centrally planned blocksize" vs "market-based blocksize". This will make it clear that some solutions are based on markets and economics, and other solutions are based on central planning. (195 points, 64 comments)
    3. Core/Blockstream is living in a fantasy world. In the real world everyone knows (1) our hardware can support 4-8 MB (even with the Great Firewall), and (2) hard forks are cleaner than soft forks. Core/Blockstream refuses to offer either of these things. Other implementations (eg: BU) can offer both. (180 points, 35 comments)
    4. Letting FEES float without letting BLOCKSIZES float is NOT a "market". A market has 2 sides: One side provides a product/service (blockspace), the other side pays fees/money (BTC). An "efficient market" is when players compete and evolve on BOTH sides, approaching an ideal FEE/BLOCKSIZE EQUILIBRIUM. (153 points, 42 comments)
    5. Previously, Greg Maxwell u/nullc (CTO of Blockstream), Adam Back u/adam3us (CEO of Blockstream), and u/theymos (owner of r\bitcoin) all said that bigger blocks would be fine. Now they prefer to risk splitting the community & the network, instead of upgrading to bigger blocks. What happened to them? (149 points, 66 comments)
    6. "Negotiations have failed. BS/Core will never HF - except to fire the miners and create an altcoin. Malleability & quadratic verification time should be fixed - but not via SWSF political/economic trojan horse. CHANGES TO BITCOIN ECONOMICS MUST BE THRU FULL NODE REFERENDUM OF A HF." ~ u/TunaMelt (124 points, 80 comments)
    7. Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream. (119 points, 182 comments)
    8. u/Luke-Jr: "The best available here is currently 5Mb down + 512k up DSL." // u/TruthReasonOrLies: "You seem to want to hold back the network development and growth to support those who are the least likely to run full nodes or mining." (114 points, 45 comments)
    9. The Bitcoin community is talking. Why isn't Core/Blockstream listening? "Yes, [SegWit] increases the blocksize but BU wants a literal blocksize increase." ~ u/lurker_derp ... "It's pretty clear that they [BU-ers] want Bitcoin, not a BTC fork, to have a bigger blocksize." ~ u/WellSpentTime (90 points, 41 comments)
    10. Just because something is a "soft fork" doesn't mean it isn't a massive change. SegWit is an alt-coin. It would introduce radical and unpredictable changes in Bitcoin's economic parameters and incentives. Just read this thread. Nobody has any idea how the mainnet will react to SegWit in real life. (88 points, 26 comments)
  2. 2261 points, 29 submissions: blockologist
    1. Gavin Andresen on Twitter: bitcoin is an echo chamber and should be boycotted (371 points, 69 comments)
    2. Gavin Andersen: Eitheor : ignore! (205 points, 41 comments)
    3. Coinbase - Protecting Customer Privacy: "we will oppose the government’s petition in court" (201 points, 28 comments)
    4. LOL u/peoplma predicted the r\Bitcoin front page perfectly nearly a year ago (178 points, 22 comments)
    5. David Jerry on Twitter: Want real evidence of echo chamber censorship on Bitcoin? @gavinandresen posted identical opposite tweets btc has both, bitcoin only 1 (174 points, 45 comments)
    6. Bitcoin Scaling Solution Segwit a “Bait and Switch”, says Roger Ver (120 points, 110 comments)
    7. Holy cow! ViaBTC raised over 90 btc in less than 24hrs for their Bitcoin Unlimited cloud mining program (104 points, 40 comments)
    8. "You don't have to wear a tin-foil hat to see that core has been pushing for some things which change the fundamental economic policies of bitcoin; changes which a substantial portion of the community is against." - u/jratcliff63367 (103 points, 82 comments)
    9. Brian Hoffman on Twitter: The fact that the Bitcoin community argues so vehemently that there is no possible alternative to the Core path shows their shortsightedness (88 points, 6 comments)
    10. Andrew Lee (Purse.io CEO) on Twitter: Multiple compatible implementations will Make Bitcoin Great Again (83 points, 16 comments)
  3. 2176 points, 12 submissions: BeijingBitcoins
    1. With the public spotlight on Reddit censorship, now would be the perfect time to let the rest of Reddit know about the censorship on /bitcoin (625 points, 125 comments)
    2. /btc exclusive: Photos of a bitcoin mining operation in rural China (398 points, 101 comments)
    3. BU lead developer Andrew Stone: A Short Tour of Bitcoin Core (232 points, 144 comments)
    4. "The Community Has Spoken" (166 points, 65 comments)
    5. BashCo explains that if you want to discuss non-Core software on /Bitcoin, you must submit a BIP, get a BIP number, wait for peer review, modify BIP, more peer review, start serious coding, start testing, more peer review... then you may discuss it once it is "deemed safe." (163 points, 133 comments)
    6. "I'm not aware of any problem." -Greg Maxwell (158 points, 64 comments)
    7. Yet another example of censorship in /bitcoin. It is no longer possible to believe that the discussion in that subreddit is in any way honest or representative of community opinion. (123 points, 56 comments)
    8. "Segwit Blockers" is a pejorative term which automatically shifts debate to imply that one side is correct and the other is blocking progress. (120 points, 140 comments)
    9. Another post censored from /bitcoin. I'd like to know which rules were broken or what made my comment unacceptable. (71 points, 26 comments)
    10. spez: "We are taking a more aggressive stance against toxic users and poorly behaving communities." -- I wonder if this will apply to Theymos and /bitcoin? (57 points, 20 comments)
  4. 1861 points, 34 submissions: Egon_1
    1. It would be incredibly unfortunate if organic growth in Bitcoin gets dismissed as spam attacks because of suspicion about people's agendas. (146 points, 33 comments)
    2. Is it just me or is anyone else noticing that some of the Core developers are saying 'Bitcoin's creator' instead of saying Satoshi? (139 points, 67 comments)
    3. "It's not really "segwit blockers", it's more "segwit ignorers". The difference is one of not seeing Core as some Reference Code." (135 points, 32 comments)
    4. "Upcoming AMA with Bitcoin Unlimited devs in Chinese Community 8BTC, Nov 19 at 8-10AM Beijing Time" (127 points, 9 comments)
    5. So discussing block size increase is too controversial for /bitcoin but suggesting algorithm change is not? • /Bitcoin (125 points, 76 comments)
    6. "The Bitcoin Unlimited implementation excludes RBF as BU supports zero-confirmation use-cases inherent to peer-to-peer cash." (119 points, 101 comments)
    7. ... Segwit as a SF tries to make non-segwit txs more expensive relative to segwit txs to 'discourage' their use (100 points, 86 comments)
    8. Sergio."Also @Blockstream hid the fact they had applied for the patent. That's misleading (deceptive?). DPL was necessary to protect reputation(1/2)" (93 points, 42 comments)
    9. "Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted." (88 points, 43 comments)
    10. If you're working on BTC remittances or micropayments under the current regime of increasing fees, you're going to have a bad time. (88 points, 28 comments)
  5. 1791 points, 25 submissions: realistbtc
    1. the systematic censorship policy of r\bitcoin is one of the clearest proof of the technical inferiority of blockstream core prescribed solutions : if they were just better , there would be no need for such policy . (219 points, 74 comments)
    2. Mycelium.com on Twitter - ' We say one thing, we lose half our customers. We say another thing, we lose the other half. Thanks bitcoin censorship that isn't a problem! ' (202 points, 134 comments)
    3. Gavin Andresen on twitter : " Any studies on company success versus amount of posts from C-level execs on Reddit or Twitter?" - " My intuition is 'too much' is bad-- sign of distracted leadership, especially for CTO " (186 points, 70 comments)
    4. just so you know , now nullc is calling jtoomim a scammer : character assassination is a standard operational mode of the guys from blockstream . (129 points, 54 comments)
    5. luke-jr acknowledge that block latency isn't a problem anymore : " block latency has been a big issue in the past as well, but presumably compact/xthin blocks has solved it " - we have to thanks the BU team for that , that in turn pressed blockstream core to finally do something too (116 points, 32 comments)
    6. A glimpse into the mind of greg maxwell : " .... since you're never going to think highly of me again I can continue to whatever I think is right without the burden of explaining myself to a shreaking mass of people. " (wikipedia history , jan 2006 ) (83 points, 67 comments)
    7. after days , segwit signaling is oscillating between 15-25% . that's a far cry from what blockstream core was expecting . if they were ready to label a 10% resistance ' blockers' , now they will have to come to terms with the fact that thir proposal is simply not good enough . (79 points, 33 comments)
    8. slush on Twitter : ' Just ask BU devs to stop blocking Segwit.' - please stop mining at slush and buying trezors - slush has fallen to the blockstream cartel dark side (78 points, 256 comments)
    9. Jihan Wu on Twitter : " BTCC management team killed its no.1 position by raising fees while everyone wanted to trade in 2013Q4. Similar stupid mindset, right? " (78 points, 9 comments)
    10. Jihan Wu on Twitter : " My partner doesn't have pw of my Twitter to del twits, so Samson Joker pls focus on trolling and destroying BTCC, and not pm him any more. " (72 points, 18 comments)
  6. 1375 points, 17 submissions: MemoryDealers
    1. PSA: Even CEOs of major Bitcoin companies are unaware of the suppression of discussion by Theymos and supported by Core supporters. (209 points, 97 comments)
    2. When /bitcoin started the censorship, they prevented honest discussion, split the community, and dramatically slowed down Bitcoin's progress (167 points, 125 comments)
    3. The Bitcoin.com Pool now has over 40 Peta hashes, and 2% of the global hash rate. Some users are reporting being paid as much as 8.5% more bitcoin than other pools. (132 points, 30 comments)
    4. The Bitcoin.com pool has mined over 100 blocks, and nearly 1,500 BTC so far. Looking to come out of closed beta soon. (132 points, 68 comments)
    5. /Bitcoin user caught misrepresenting and lying to attack on chain scaling supporters again (115 points, 97 comments)
    6. As Bitcoin user & enthusiast, I'd be grateful to Core, @Blockstream, and all miners if they would just stick to Satoshi's original plan. Pls RT (92 points, 126 comments)
    7. An interview with Bitcoin Unlimited Developer Andrew Stone (86 points, 24 comments)
    8. Coming very soon: More Cash for your Hash (79 points, 26 comments)
    9. The free On Chain Scaling conference starts today at 17:00 GMT! (78 points, 74 comments)
    10. An example of how a Core supporter intentionally misrepresents the truth to support his position. (71 points, 95 comments)
  7. 1239 points, 46 submissions: chinawat
    1. Why against SegWit and Core? Jiang Zhuo’er, who invested millions in mining, gives his answers. • x-post from /Bitcoin (151 points, 133 comments)
    2. "It is too early to talk about the tx fee market before Bitcoin is accepted across the world." - ViaBTC on Twitter (124 points, 13 comments)
    3. /HailCorporate gets wind of /Bitcoin censorship, theymos attempts to justify and downplay his behavior (92 points, 10 comments)
    4. Here we go again. My mempool is just exceed 33k. Prepare for transaction delay posts. (69 points, 48 comments)
    5. jstolfi is at it with the SEC again (48 points, 125 comments)
    6. New York is Gradually Losing its Shot at Becoming a Global Bitcoin Hub (45 points, 8 comments)
    7. /Bitcoin SegWit narrative shifting -- regulars now claiming signaling and activation was always expected to be slow (43 points, 35 comments)
    8. "There's Chaos Everywhere" - Indians Angry As ATMs Run Dry After Cash Ban (39 points, 11 comments)
    9. ViaBTC's Transaction Accelerator Test Results • x-post from /Bitcoin (39 points, 12 comments)
    10. Wikileaks latest insurance files don't match hashes (x-post from /crypto) (38 points, 1 comment)
  8. 1115 points, 12 submissions: BiggerBlocksPlease
    1. Another successful hard fork by Ethereum occurred today. Protocol upgrades are possible. Don't listen to lies from entrenched interests that say otherwise. (202 points, 78 comments)
    2. I think if it comes down to it, Core would rather remain in control, even if it means introducing a small blocksize increase, as opposed to losing control entirely. We should not lose sight of our larger goals no matter what carrots they throw our way: We need a new, un-corrupt dev team. (177 points, 65 comments)
    3. Bitcoin Core Devs can't just say the price of Bitcoin should be stuck at $100 per coin. The market decides. Just like Core shouldn't say the size of a block is stuck at 1MB. The market should decide! Take centrally planned actors OUT of the equation. This is Bitcoin-- Not the Federal Reserve. (145 points, 39 comments)
    4. Segwit cannot be rolled back because to non-upgraded clients, ANYONE can spend Segwit txn outputs. If Segwit is rolled back, all funds locked in Segwit outputs can be taken by anyone. As more funds gets locked up in segwit outputs, incentive for miners to collude to claim them grows. (120 points, 34 comments)
    5. Miner Jiang Zhou'er: "I can conclude with great confidence: SegWit will never ever be activated. Even in 75% or 51% scenarios it will not be alive. ..some people are destined to be nailed up on the pillar of humiliation." (95 points, 63 comments)
    6. We need more exclusive content for /btc with watermarks stating against censorship in /bitcoin. The new content will be effective in spreading the word! (79 points, 32 comments)
    7. No one (except the market) knows what the price of Bitcoin should be, just like no one (except the market) knows what the size of blocks should be. Bitcoin Unlimited allows a market-decided blocksize. Bitcoin Core allows a centrally planned blocksize. (74 points, 20 comments)
    8. MYTH: "Bitcoin Unlimited isn't meant for mining." -- FACT: ViaBTC has been mining with BU and has the best performance of ALL pools. [see link inside] (71 points, 61 comments)
    9. It is likely a Core-affiliated extremist will attack pools mining Bitcoin Unlimited blocks. I recommend Bitcoin.com Pool goes live ASAP, with over 10% hashrate, so we have multiple pools for redundancy. 10-12% hashrate is not enough in the face of attackers who try to artificially activate Segwit. (64 points, 52 comments)
    10. Theymos: "I know how moderation affects people" ... "This is improved by the simultaneous action on bitcointalk.org, bitcoin.it and bitcoin.org" (2015) (59 points, 43 comments)
  9. 1111 points, 52 submissions: knight222
    1. ViaBTC: "I think the most important thing is BU has the support of Bitmain and F2pool, they have said privately they will switch to BU, I am very much looking forward to the arrival of that day." (86 points, 68 comments)
    2. /BTC Enthusiasts Want The /Bitcoin Moderators Gone Once And For All (77 points, 9 comments)
    3. Total Bitcoin Transaction Volume Surpassed US$100bn in September (53 points, 17 comments)
    4. Fedora Receives Its Own Electrum Bitcoin Wallet Client (50 points, 4 comments)
    5. IRS Demands Records of 4.8 Million Bitcoin Users over 3 Alleged Tax Dodgers (43 points, 4 comments)
    6. Several Mycelium Users Report Unusually High Bitcoin Transaction Fees (40 points, 38 comments)
    7. Overstock Reveals Latest Effort Within the Bitcoin Space (40 points, 2 comments)
    8. EY Switzerland, World Top Four Accounting Firm, to Accept Bitcoin (40 points, 2 comments)
    9. Chinese dominance in the blockchain space now includes startup investments (36 points, 0 comments)
    10. Will Bitcoin Become the new "Swiss Bank Account"? (31 points, 10 comments)
  10. 939 points, 5 submissions: JohnBlocke
    1. John Blocke: A (brief and incomplete) history of censorship in /Bitcoin (461 points, 251 comments)
    2. Peter Todd in 2013: "If I were the US Government and had co-opted the "core" Bitcoin dev team, you know what I'd do?..." (158 points, 85 comments)
    3. UPDATE: Coindesk & Bitcoin Magazine still have not mentioned the $1.2 million donated by members of the Bitcoin industry to fund protocol development. What is their agenda? (118 points, 23 comments)
    4. John Blocke: Echo Chambers (116 points, 53 comments)
    5. Bitcoin companies pledge to donate $1.2M USD to protocol development, and not a peep from the bitcoin media? (86 points, 21 comments)

Top Commenters

  1. Noosterdam (3181 points, 564 comments)
  2. H0dlr (2189 points, 354 comments)
  3. ViaBTC (1994 points, 65 comments)
  4. seweso (1887 points, 377 comments)
  5. todu (1883 points, 365 comments)
  6. Helvetian616 (1662 points, 265 comments)
  7. Ant-n (1554 points, 453 comments)
  8. dskloet (1521 points, 230 comments)
  9. MemoryDealers (1500 points, 104 comments)
  10. Egon_1 (1475 points, 134 comments)

Top Submissions

  1. With the public spotlight on Reddit censorship, now would be the perfect time to let the rest of Reddit know about the censorship on /bitcoin by BeijingBitcoins (625 points, 125 comments)
  2. John Blocke: A (brief and incomplete) history of censorship in /Bitcoin by JohnBlocke (461 points, 251 comments)
  3. /btc exclusive: Photos of a bitcoin mining operation in rural China by BeijingBitcoins (398 points, 101 comments)
  4. Gavin Andresen on Twitter: "I'm happy to see Bitcoin Unlimited gaining popularity, and hope their decentralized market-based approach gets adopted." by sandakersmann (376 points, 184 comments)
  5. Gavin Andresen on Twitter: bitcoin is an echo chamber and should be boycotted by blockologist (371 points, 69 comments)
  6. I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything! by ViaBTC (337 points, 858 comments)
  7. Bitcoin Classic is Back! by ThomasZander (279 points, 92 comments)
  8. Problem? No problems here. by mohrt (246 points, 105 comments)
  9. nullc is actively trying to delete Satoshi from history. First he assigned all satoshi commits on github to himself, then he wanted to get rid of the whitepaper as it is and now notice how he never says "Satoshi", he says "Bitcoin's Creator". by blockstreamcoin (243 points, 243 comments)
  10. Censorship test from Gavin: post two positive things one about BU and another about SW, and see what happens by chakrop (240 points, 69 comments)

Top Comments

  1. 206 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  2. 118 points: solex1's comment in Gavin Andresen on Twitter: "I'm happy to see Bitcoin Unlimited gaining popularity, and hope their decentralized market-based approach gets adopted."
  3. 110 points: viners's comment in "It cannot be permitted to work." nullc
  4. 97 points: jstolfi's comment in Is LN vaporware and if not why do posters keep saying it is? (x-post from bitcoin)
  5. 95 points: satoshis_sockpuppet's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  6. 91 points: dskloet's comment in Cannot wait for Core trolls who don't understand queue theory to lose it. Grab your popcorn as we finally approach 100% utilization and an ever increasing backlog.
  7. 90 points: BitcoinXio's comment in I love Bitcoin
  8. 86 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  9. 85 points: ViaBTC's comment in I'm Haipo Yang, founder and CEO of ViaBTC, Ask Me Anything!
  10. 82 points: Noosterdam's comment in John Blocke: A (brief and incomplete) history of censorship in /Bitcoin
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

With many large businesses hopping on board, is it time to raise the block size limit?

Recently we've been seeing major corporations like Overstock and Zynga getting started with Bitcoin, and many will soon follow. In it's current state Bitcoin won't be able to support so many transactions, and it could cause a halt if a huge company like Target or Walmart dared to get started with this new method of payment.
Just now a 878 KB block was relayed by Eligius, with only 25 minutes since the last full, non capped block: https://blockchain.info/block-index/460948/0000000000000001db9f34779b6c50abcf2dda2f67a0510801546d70ced0b64e
It's not unlikely for the system to go longer without a block, and if it happens during peak times, it's possible that eventually the system will get stuck for a while. We really need to consider raising the block size limit to something like 5-10 MB so that it can support all of the traffic it may potentially get. If we wait until it is too late, the public will lose their faith in cryptocurrencies. Many getting involved with Bitcoin have little idea of how it works under the hood, and a failure such as this could really scare them out of using it. Since it would also cause a temporary fork, it's best to deal with it ahead of time before Bitcoin grows too large to ensure everything goes smoothly and interrupts commerce as little as possible.
submitted by skilliard4 to Bitcoin [link] [comments]

Patrick Byrne CEO of Overstock talks about Bitcoin (Ep 28: A Bit Cryptic Podcast) Bitcoin Q&A: Orphaned blocks and stuck transactions Blockchain is going to change the world: Overstock CEO A Blockchain Future with Overstock CEO Jonathan Johnson Bitcoin, Blockchain Solutions & Questions on Anarchy with Patrick Byrne of Overstock.com

Overstock CEO Jonathan Johnson told Karen Webster earlier this year that bitcoin as a consumer currency still has speed issues in terms of timing transactions properly. Blockchain-centered identity company Evernym has received a $2 million expense from Overstock subsidiary Medici Ventures, in accordance to a release from the company. Medici Ventures participated in Evernym’s Basic Arrangement for Potential Fairness (Safe), which will be transferred into chosen inventory at an undisclosed day. The spherical closed previously this month with Evernym receiving ... An investor has launched a class action against Overstock and two former execs, claiming securities violations involving the firm's digital dividend. ... Bitcoin Stuck at $10.3K; Uniswap Value ... Overstock's Blockchain Ventures Booming in Q2 Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. "Total net revenue was $783 million, an increase of 109% year over year," a public statement said on July 30. Overstock.com was the first merchant to accept bitcoin at checkout, in January 2014. The site uses Coinbase to convert the bitcoins it receives into U.S. dollars. Overstock receives payment equivalent to that of the item purchased, while Coinbase keeps the bitcoins (Chris Gaetano, “Newsmakers: Overstock.com’s Chairman of the Board Jonathan ...

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Patrick Byrne CEO of Overstock talks about Bitcoin (Ep 28: A Bit Cryptic Podcast)

Anarchast Ep.381 Jeff interviews founder and CEO of Overstock.com, Patrick Byrne. Topics include: self ownership and voluntaryism, starting Overstock.com, the dotcom bubble and crash, Bitcoin and ... Today I talk about how Overstock quit retail and is focusing all of their efforts on blockchain projects and their exchange tZero. Also lots of Tron news today including Bittorrent. Become an ... Overstock is known in crypto circles as one of the first major online retailers to accept Bitcoin payments. On top of being an early adopter, Overstock has invested heavily into blockchain ... Click below for full links: Note - I'm not crypto expert. I also can't guarantee this will help you. I just shared this video as this is what helped me. I spent $10 ont he first transaction and it ... He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

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