HOLD ON!! : Bitcoin - reddit

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Litecoin Cash

Litecoin Cash (LCC) is a fork of Litecoin itself utilizing an SHA-256 hashing algorithm. While the initial goal was to focus on bringing back SHA-256, along the way we created "Hive Mining," an agent-based system allowing everyday users to participate in securing and hashing the network to earn real LCC rewards. Be sure to visit our website @ https://litecoinca.sh for more information and join us on DISCORD to speak with the team and get free LCC rains just for chatting and being active!
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End The Banks: International Banking News

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08-31 08:56 - 'Very new to Reddit as a poster! Might not have done it the correct way (expecting to put some explanation under the photo, but app wouldn't let me) / Anyway, I buy and sell antiques as a hobby. I am holding bitcoin and w...' by /u/MDantiquesuk removed from /r/Bitcoin within 707-717min

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Very new to Reddit as a poster! Might not have done it the correct way (expecting to put some explanation under the photo, but app wouldn't let me)
Anyway, I buy and sell antiques as a hobby. I am holding bitcoin and wanted to link the two. Just posted this as a story on my antiques page (MDantiquesUK on socials) hoping it adds incentive to new comers to bitcoin, encouraging them to get in the market as well as creating a new way of buying antiques.
Use new currency, to buy old things!
Any feedback would be appreciated. Any follows on social media (MDantiquesUK on Twitter, insta and Facebook) would be appreciated.
Any sales using bitcoin would be greatly appreciated!
[Instagram]1
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Author: MDantiquesuk
1: w*w.i*stagr*m*co*/md**tique*uk/?*l=en
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Ethereum Holds 4x BTC Than Lightning Network; Iran Bitcoin Mining Strategy; Reddit Founder Praises Crypto

Ethereum Holds 4x BTC Than Lightning Network; Iran Bitcoin Mining Strategy; Reddit Founder Praises Crypto submitted by afriendofsatoshi to btc [link] [comments]

05-25 09:34 - 'Reddit Co-founder Alexis Ohanian Says We Are in Crypto Spring, Reveals He Still Holds Crypto - Crypto Press' (cryptopress.news) by /u/OKEx-official removed from /r/Bitcoin within 52-62min

Reddit Co-founder Alexis Ohanian Says We Are in Crypto Spring, Reveals He Still Holds Crypto - Crypto Press
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Author: OKEx-official
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When the market dropped last March, my net worth dropped by over a million dollars (-22%)

I’ve been retired for 2.5 years now, and I pop in here from time to time to tell people how things are going. I do it because I am encouraged to do so (by you nice folks) and I like to share what I learned so far. Feel free to ask me anything you like.
My first post - a 1 year in reflection + FIRE story
And my 2 year follow up here
I’m a patient person, a future-oriented person, and these characteristics helped me to persist in the long-term planning I did when I was working towards FI/RE. It helped me hold on to my investment in crypto as it soared (Stick to your plan, man: I took some profits, which is how I jumped the queue to FIRE earlier than expected and with more than I needed, though I was heavy on the FI/RE path before that).
I am also a semi-rational person (I think), who has played out a number of scenarios in my head many times. In fact – I had to do that to feel confident to retire in the first place. What if ____ (fill in catastrophic thing) happens?… each time I figured out how I would survive and most of the survival plans fell out to: keep cool and sit tight (a couple of them included “and go back to work.”) Considering how the stock market and economy in general are cyclical, I had gone through the “what do you do when there is a crash and your net worth drops significantly?” (note the crash part is not “if”, but “when”). The answer, as previously mentioned, was “sit on the porch and watch your sunflowers grow.”
There was a conversation in (I think) one of my posts last year where after the market had dropped a small amount I mentioned I had just chilled through it (while others flipped out and panic-sold and were then kicking themselves) and someone on here snarkily replied “well, wait until you see a REAL drop, then we will see what you do!”
Well Snarko VonSnarkington, this post is for you.
As you might recall, the month of March was brutal, with many days showing huge losses in the stock markets. Not only did the market drop precipitously but my historically uncorrelated asset bitcoin shit the bed as well (a universal rush to cash?) leaving me just over $1M poorer net-worth-wise.
My portfolio consists of real estate (my old house that I now rent out), index funds, and bitcoin. I outright own my current house (sold my bond funds to buy the house) and a piece of shit truck that I love. I also own a cat free and clear.
So what did I do as my portfolio took a double barreled shotgun to the face?!?!? Not a goddamn thing. Ok, that’s a lie. I loss-harvested 90k worth of index funds which have since recovered and then some. I held tight. I held strong. I built shelves for my workshop out of salvaged lumber.
Psychologically I have to say I felt off – it was not fun, and it was not Zen (though I tried brother, I tried). I had to argue with myself “well, this is one of those situations that test your mettle, meboyo…” and “wow, how is this going to play out… nervous… yuck…” but even though I experienced emotions, there was never even the option in my mind to sell in order to protect capital. It never appealed to me as a wise option and I had no compulsion to do so. For years I have made an informed decision to commit to this strategy I believe in, and damnit I am going to stick by it. I own my house. I know how to cook. I have health insurance and a rainy-day fund. I am retired, by design, because I stick to the plan until it no longer makes any sense – and this was a case where it looked like things were going to be ok (maybe it will take 3 years, but ok nonetheless). I had no idea we would see a stock/crypto recovery so quickly.
By the end of this August when I updated my monthly spreadsheet, I had crossed back above where I was just before the crash. As of last week my net worth is 10% higher than it was before the crash. I also used the confusion in the marketplace in April to buy a beautiful old house to live in (and it has a huge detached workshop!) in a new, lower COL city (with cash, at a discount).
Who the hell knows what happens next with this economy, politics, health, meteors, and the old Gods of Cthulu, but I’ve got one “been there, done that” under my belt now and I feel like I played it well by not playing at all. If anyone is looking for me, I’m out back in the workshop, making smoke and dust and a general mess as I teach myself woodworking and metalworking to enhance my primitive art constructs.
Feel free to ask any questions, and when shit gets weird, remember to breathe.
submitted by FIRE_and_forget_it to financialindependence [link] [comments]

06-28 11:44 - 'https://www.reddit.com/user/Eldoradotokens/comments/c6j11c/erd_tokens_token_holding_for_more_tokens_for_more/?utm_source=share&utm_medium=web2x' (self.Bitcoin) by /u/Eldoradotokens removed from /r/Bitcoin within 5-15min

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https://www.reddit.com/useEldoradotokens/comments/c6j11c/erd_tokens_token_holding_for_more_tokens_for_more/?utm_source=share&utm_medium=web2x
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Author: Eldoradotokens
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It's beginning to feel a lot like 2017. Some useful reminders and advice for new comers.

Hype and increasing prices will undoubtedly attract new investors, HODLers, and gamblers. Regardless of how long you've been in crypto, below are a few pieces of information (or reminders) you should consider.
  1. We're still early. Cryptocurrency, including bitcoin, is still in its infancy. Because of this, we will continue to see headlines of hacks, exchange closures, big name investors coming into the space, major institutional adoption, and everything in between. Until crypto is regulated (for better or worse) and even after, there will be bad actors attempting to steal your cryptocurrencies. To that end, think twice when hearing about 'deals' or investments that seem too good to be true. They probably are.
  2. Protection. I often see questions regarding the storage of cryptocurrencies. Not to oversimplify, but as a user, you have ~3 choices to store your cryptocurrency. In order of most secure to least secure:
    1. Cold Storage - From wikipedia: Cold storage refers to storing Bitcoins/Cryptos offline and spending without the private keys controlling them ever being online. This resists theft by hackers and malware, and is often a necessary security precaution especially dealing with large amounts of Bitcoin. If you aren't comfortable manually storing your private key, physical hardware wallets are your best alternative. When possible, buy direct from the manufacturer to avoid any tampering to your new device.
      1. https://trezor.io/
      2. https://www.ledger.com/
    2. Hot Wallets - From investopedia: The difference between a hot wallet and a cold wallet is that hot wallets are connected to the internet, while cold wallets are not. Hot wallets can be installed onto your mobile device and/or your web browser. Similar to cold storage, these hot wallets will 'store' your crypto and will be accessed to send/receive tokens, execute smart contracts, and conduct other transactions. There are many options to choose from, but MetaMask is as close to an industry standard as it comes, and the developer has recently implemented an ERC-20 token swap function. Again, download directly from the developer if you can.
      1. https://metamask.io/
    3. Exchanges - Exchanges certainly have their own purpose, most notably as an on and off ramp for your fiat currency (e.g., US Dollar, etc). However, when you read headlines like "Bitcoin Hacked for 10 million dollars!" what they usually mean is, a centralized exchange that holds users' cryptocurrencies was hacked and bitcoin was extracted from the exchange's storage. For this reason, exchanges are considered to be less safe than your Hot Wallet and Cold storage alternatives.
  3. Don't be greedy. This is easier said than done, and many veteran traders have learned this the hard way -- some still haven't learned. When prices are only going up, you're going to feel like a million bucks. But things dont go up forever. Ever. (Unless it's the Fed's balance sheet.. har har). Point being, it's okay to take profits along the way up. I guarantee you'll have an opportunity to re-buy those same tokens at a cheaper price, and you'll enjoy them even more the second time around.
  4. Don't spend more than you can afford. Hopefully this goes without saying, but the crypto space is extremely volatile. It is not uncommon to lose your entire investment with just one wrong token/ICO/scam. To that end; just use your common sense. It sounds easy, but when you're making money, sometimes it's hard to see the cliff at the end of the road.
  5. Keep learning. I joined the crypto space because I saw an opportunity to make money. It's been a wild ride, and I've learned a lot more than I've gained (from a monetary perspective). What i didn't expect to happen, was to open pandora's box when it comes to what Bitcoin (specifically) aimed to solve. My thirst for knowledge only expanded when I learned of the opportunity space Ethereum was trying to fill. Compound that with the immutability of blockchain technology, DeFi, smart contracts, data oracles, (and the list goes on); now I'm completely hooked. It's clear to me that blockchain will revolutionize the way we function on the global scale. But many are just now beginning to learn about bBitcoin, and we're ahead of the curve. Which leads me back to point number 1; we're still early.
Sorry for rambling on here; I'm sure more veteran HODLers have already X'd out of this post, which is fine. They likely don't need this information as they have learned these same tips along their own journeys. But for newcomers to the space, I wish I had this foundational knowledge from the get go. Don't be afraid to ask questions on this sub. With the recent implementation of MOON tokens (this is a whole 'nother topic), I've personally noticed more downvotes than normal. But awareness and understanding is critical to adoption, so don't be turned off if you don't get an answer to your questions immediately. There is a wealth of knowledge scattered across the internet, and still a lot of smart people on reddit who are willing to help.
submitted by myhaxdontwork to CryptoCurrency [link] [comments]

Bitcoin mentioned around Reddit: Me holding since December 2017 /r/ethtrader

Bitcoin mentioned around Reddit: Me holding since December 2017 /ethtrader submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Me holding since December 2017 /r/ethtrader

Bitcoin mentioned around Reddit: Me holding since December 2017 /ethtrader submitted by cryptoanalyticabot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: [Paid] $8 in bitcoin for whoever can photoshop this fist so that it is holding a potato /r/PhotoshopRequest

Bitcoin mentioned around Reddit: [Paid] $8 in bitcoin for whoever can photoshop this fist so that it is holding a potato /PhotoshopRequest submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: [Paid] $8 in bitcoin for whoever can photoshop this fist so that it is holding a potato /r/PhotoshopRequest

Bitcoin mentioned around Reddit: [Paid] $8 in bitcoin for whoever can photoshop this fist so that it is holding a potato /PhotoshopRequest submitted by cryptoallbot to cryptoall [link] [comments]

16 weeks away until 9th creditor's meeting. Bitcoin staying all time high making Mt.Gox solvent again. Mark disappears from reddit without any further due. Kobayashi has no diligence in explaining why and who is holding our funds back.

This is probably first time in history when bankrupt entity became solvent again and yet we've been blown away with ignorance and absence of any kind of communication. We should pray for the price to stay that high and I don't believe it will hold too long before it dives again together with our interest getting funds back and making this thing boring and dying in to oblivion once again. Our time has come. We should rise our voices higher and make trustee know that we still exist. Repayment time has come. We've been waiting already too long. Fiat and Bitcoins are there for us to take.
submitted by UnderpaidBIGtime to mtgoxinsolvency [link] [comments]

Bitcoin mentioned around Reddit: Anyone willing to put the Bitcoin logo on the rocket and make it be holding a solo cup?[RANDOM] /r/PhotoshopRequest

Bitcoin mentioned around Reddit: Anyone willing to put the Bitcoin logo on the rocket and make it be holding a solo cup?[RANDOM] /PhotoshopRequest submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Anyone willing to put the Bitcoin logo on the rocket and make it be holding a solo cup?[RANDOM] /r/PhotoshopRequest

Bitcoin mentioned around Reddit: Anyone willing to put the Bitcoin logo on the rocket and make it be holding a solo cup?[RANDOM] /PhotoshopRequest submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: $10 usd [paid] in bitcoins or eth to edit this please. Need the $ sign changed to btc. And the McDonalds changed to monero symbol. Also hold number plate. Thanks in advance!!! /r/PhotoshopRequest

Bitcoin mentioned around Reddit: $10 usd [paid] in bitcoins or eth to edit this please. Need the $ sign changed to btc. And the McDonalds changed to monero symbol. Also hold number plate. Thanks in advance!!! /PhotoshopRequest submitted by SimilarAdvantage to BitcoinAll [link] [comments]

A Detailed Summary of Every Single Reason Why I am Bullish on Ethereum

The following will be a list of the many reasons why I hold and am extremely bullish on ETH.

This is an extremely long post. If you just want the hopium without the detail, read the TL;DR at the bottom.

ETH 2.0

As we all know, ETH 2.0 phase 0 is right around the corner. This will lock up ETH and stakers will earn interest on their ETH in return for securing the network. Next comes phase 1 where the ETH 2 shards are introduced, shards are essentially parallel blockchains which are each responsible for a different part of Ethereum’s workload, think of it like a multi-core processor vs a single core processor. During phase 1, these shards will only act as data availability layers and won’t actually process transactions yet. However, their data can be utilised by the L2 scaling solution, rollups, increasing Ethereum’s throughput in transactions per second up to 100,000 TPS.
After phase 1 comes phase 1.5 which will move the ETH 1.0 chain into an ETH 2 shard and Ethereum will be fully secured by proof of stake. This means that ETH issuance will drop from around 5% per year to less than 1% and with EIP-1559, ETH might become a deflationary asset, but more on that later.
Finally, with ETH 2.0 phase two, each shard will be fully functional chains. With 64 of them, we can expect the base layer of Ethereum to scale around 64x, not including the massive scaling which comes from layer 2 scaling solutions like rollups as previously mentioned.
While the scaling benefits and ETH issuance reduction which comes with ETH 2.0 will be massive, they aren’t the only benefits. We also get benefits such as increased security from PoS compared to PoW, a huge energy efficiency improvement due to the removal of PoW and also the addition of eWASM which will allow contracts to be programmed in a wide range of programming languages, opening the floodgates for millions of web devs who want to be involved in Ethereum but don’t know Ethereum’s programming language, Solidity.

EIP-1559 and ETH scarcity

As I covered in a previous post of mine, ETH doesn’t have a supply cap like Bitcoin. Instead, it has a monetary policy of “minimum viable issuance”, not only is this is a good thing for network security, but with the addition of EIP-1559, it leaves the door open to the possibility of ETH issuance going negative. In short, EIP-1559 changes the fee market to make transaction prices more efficient (helping to alleviate high gas fees!) by burning a variable base fee which changes based on network usage demand rather than using a highest bidder market where miners simply include who pays them the most. This will result in most of the ETH being paid in transaction fees being burned. As of late, the amount which would be burned if EIP-1559 was in Ethereum right now would make ETH a deflationary asset!

Layer 2 Scaling

In the mean time while we are waiting for ETH 2.0, layer 2 scaling is here. Right now, projects such as Deversifi or Loopring utilise rollups to scale to thousands of tx/s on their decentralised exchange platforms or HoneySwap which uses xDai to offer a more scalable alternative to UniSwap. Speaking of which, big DeFi players like UniSwap and Synthetix are actively looking into using optimistic rollups to scale while maintaining composability between DeFi platforms. The most bullish thing about L2 scaling is all of the variety of options. Here’s a non exhaustive list of Ethereum L2 scaling solutions: - Aztec protocol (L2 scaling + privacy!) - ZKSync - Loopring - Raiden - Arbitrum Rollups - xDai - OMGNetwork - Matic - FuelLabs - Starkware - Optimism - Celer Network - + Many more

DeFi and Composability

If you’re reading this, I am sure you are aware of the phenomena which is Decentralised Finance (DeFi or more accurately, open finance). Ethereum is the first platform to offer permissionless and immutable financial services which when interacting with each other, lead to unprecedented composability and innovation in financial applications. A whole new world of possibilities are opening up thanks to this composability as it allows anyone to take existing pieces of open source code from other DeFi projects, put them together like lego pieces (hence the term money legos) and create something the world has never seen before. None of this was possible before Ethereum because typically financial services are heavily regulated and FinTech is usually proprietary software, so you don’t have any open source lego bricks to build off and you have to build everything you need from scratch. That is if what you want to do is even legal for a centralised institution!
Oh, and if you think that DeFi was just a fad and the bubble has popped, guess again! Total value locked in DeFi is currently at an all time high. Don’t believe me? Find out for yourself on the DeFi Pulse website.

NFTs and tokeniation

NFTs or “Non-Fungible Tokens” - despite the name which may confuse a layman - are a basic concept. They are unique tokens with their own unique attributes. This allows you to create digital art, human readable names for your ETH address (see ENS names and unstoppable domains), breedable virtual collectible creatures like crypto kitties, ownable in game assets like Gods Unchained cards or best of all in my opinion, tokenised ownership of real world assets which can even be split into pieces (this doesn’t necessarily require an NFT. Fungible tokens can be/are used for some of the following use cases). This could be tokenised ownership of real estate (see RealT), tokenised ownership of stocks, bonds and other financial assets (which by the way makes them tradable 24/7 and divisible unlike through the traditional system) or even tokenised ownership of the future income of a celebrity or athlete (see when NBA player Spencer Dinwiddie tokenized his own NBA contract.)

Institutional Adoption

Ethereum is by far the most widely adopted blockchain by enterprises. Ethereum’s Enterprise Ethereum Alliance (EEA) is the largest blockchain-enterprise partnership program and Ethereum is by far the most frequently leveraged blockchain for proof of concepts and innovation in the blockchain space by enterprises. Meanwhile, there are protocols like the Baseline protocol which is a shared framework which allows enterprises to use Ethereum as a common frame of reference and a base settlement layer without having to give up privacy when settling on the public Ethereum mainnet. This framework makes adopting Ethereum much easier for other enterprises.

Institutional Investment

One of Bitcoin’s biggest things it has going for it right now is the growing institutional investment. In case you were wondering, Ethereum has this too! Grayscale offers investment in the cryptocurrency space for financial institutions and their Ethereum fund has already locked up more than 2% of the total supply of ETH. Not only this, but as businesses transact on Ethereum and better understand it, not only will they buy up ETH to pay for their transactions, but they will also realise that much like Bitcoin, Ethereum is a scarce asset. Better yet, a scarce asset which offers yield. As a result, I expect to see companies having ETH holdings become the norm just like how Bitcoin is becoming more widespread on companies’ balance sheets.

The state of global markets

With asset prices in almost every asset class at or near all-time highs and interest rates lower than ever and even negative in some cases, there really aren’t many good opportunities in the traditional financial system right now. Enter crypto - clearly the next evolution of financial services (as I explained in the section on DeFi earlier in this post), with scarce assets built in at the protocol layer, buying BTC or ETH is a lot like buying shares in TCP/IP in 1990 (that is if the underlying protocols of the internet could be invested in which they couldn’t). Best of all, major cryptos are down from their all-time highs anywhere between 35% for BTC or 70% for ETH and much more for many altcoins. This means that they can significantly appreciate in value before entering uncharted, speculative bubble territory.
While of course we could fall dramatically at any moment in the current macro financial conditions, as a longer term play, crypto is very alluring. The existing financial system has shown that it is in dire need of replacing and the potential replacement has started rearing its head in the form of crypto and DeFi.

Improvements in user onboarding and abstracting away complexity

Ethereum has started making huge leaps forward in terms of usability for the end user. We now have ENS names and unstoppable domains which allow you to send ETH to yournamehere.ETH or TrickyTroll.crypto (I don’t actually have that domain, that’s just an example). No longer do you have to check every character of your ugly hexadecimal 0x43AB96D… ETH address to ensure you’re sending your ETH to the right person. We also have smart contract wallets like Argent wallet or the Gnosis safe. These allow for users to access their wallets and interact with DeFi self-custodially from an app on their phone without having to record a private key or recovery phrase. Instead, they offer social recovery and their UI is straight forward enough for anyone who uses a smart phone to understand. Finally, for the more experienced users, DApps like Uniswap have pretty, super easy to use graphical user interfaces and can be used by anyone who knows how to run and use a browser extension like Metamask.

The lack of an obvious #1 ETH killer

One of Ethereum’s biggest threats is for it to be overthrown by a so-called “Ethereum killer” blockchain which claims to do everything Ethereum can do and sometimes more. While there are competitors which are each formidable to a certain extent such as Polkadot, Cardano and EOS, each have their own weaknesses. For example, Polkadot and Cardano are not fully operational yet and EOS is much more centralised than Ethereum. As a result, none of these competitors have any significant network effects just yet relative to the behemoth which is Ethereum. This doesn’t mean that these projects aren’t a threat. In fact, I am sure that projects like Polkadot (which is more focused on complimenting Ethereum than killing it) will take a slice out of Ethereum’s pie. However, I am still very confident that Ethereum will remain on top due to the lack of a clear number 2 smart contract platform. Since none of these ETH killers stands out as the second place smart contract platform, it makes it much harder for one project to create a network effect which even begins to threaten Ethereum’s dominance. This leads me onto my next reason - network effects.

Network effects

This is another topic which I made a previous post on. The network effect is why Bitcoin is still the number one cryptocurrency and by such a long way. Bitcoin is not the most technologically advanced cryptocurrency. However, it has the most widespread name recognition and the most adoption in most metrics (ETH beats in in some metrics these days). The network effect is also why most people use Zoom and Facebook messengeWhatsApp despite the existence of free, private, end to end encrypted alternatives which have all the same features (Jitsi for the zoom alternative and Signal for the private messenger app. I highly recommend both. Let’s get their network effects going!). It is the same for Bitcoin. People don’t want to have to learn about or set up a wallet for alternative options. People like what is familiar and what other people use. Nobody wants to be “that guy” who makes you download yet another app and account you have to remember the password/private key for. In the same way, Enterprises don’t want to have to create a bridge between their existing systems and a dozen different blockchains. Developers don’t want to have to create DeFi money legos from scratch on a new chain if they can just plug in to existing services like Uniswap. Likewise, users don’t want to have to download another browser extension to use DApps on another chain if they already use Ethereum. I know personally I have refrained from investing in altcoins because I would have to install another app on my hardware wallet or remember another recovery phrase.
Overthrowing Ethereum’s network effect is one hell of a big task these days. Time is running out for the ETH killers.

Ethereum is the most decentralised and provably neutral smart contract platform

Ethereum is also arguably the most decentralised and provably neutral smart contract platform (except for maybe Ethereum Classic on the neutrality part). Unlike some smart contract platforms, you can’t round up everyone at the Ethereum Foundation or any select group of people and expect to be able to stop the network. Not only this, but the Ethereum foundation doesn’t have the ability to print more ETH or push through changes as they wish like some people would lead you on to believe. The community would reject detrimental EIPs and hard fork. Ever since the DAO hack, the Ethereum community has made it clear that it will not accept EIPs which attempt to roll back the chain even to recover hacked funds (see EIP-999).
Even if governments around the world wanted to censor the Ethereum blockchain, under ETH 2.0’s proof of stake, it would be incredibly costly and would require a double digit percentage of the total ETH supply, much of which would be slashed (meaning they would lose it) as punishment for running dishonest validator nodes. This means that unlike with proof of work where a 51% attacker can keep attacking the network, under proof of stake, an attacker can only perform the attack a couple of times before they lose all of their ETH. This makes attacks much less financially viable than it is on proof of work chains. Network security is much more than what I laid out above and I am far from an expert but the improved resistance to 51% attacks which PoS provides is significant.
Finally, with the US dollar looking like it will lose its reserve currency status and the existing wire transfer system being outdated, superpowers like China won’t want to use US systems and the US won’t want to use a Chinese system. Enter Ethereum, the provably neutral settlement layer where the USA and China don’t have to trust each other or each other’s banks because they can trust Ethereum. While it may sound like a long shot, it does make sense if Ethereum hits a multi-trillion dollar market cap that it is the most secure and neutral way to transfer value between these adversaries. Not to mention if much of the world’s commerce were to be settled in the same place - on Ethereum - then it would make sense for governments to settle on the same platform.

ETH distribution is decentralised

Thanks to over 5 years of proof of work - a system where miners have to sell newly minted ETH to pay for electricity costs - newly mined ETH has found its way into the hands of everyday people who buy ETH off miners selling on exchnages. As pointed out by u/AdamSC1 in his analysis of the top 10K ETH addresses (I highly recommend reading this if you haven’t already), the distribution of ETH is actually slightly more decentralised than Bitcoin with the top 10,000 ETH wallets holding 56.70% of ETH supply compared to the top 10,000 Bitcoin wallets which hold 57.44% of the Bitcoin supply. This decentralised distribution means that the introduction of staking won’t centralise ETH in the hands of a few wallets who could then control the network. This is an advantage for ETH which many proof of stake ETH killers will never have as they never used PoW to distribute funds widely throughout the community and these ETH killers often did funding rounds giving large numbers of tokens to VC investors.

The community

Finally, while I may be biased, I think that Ethereum has the friendliest community. Anecdotally, I find that the Ethereum developer community is full of forward thinking people who want to make the world a better place and build a better future, many of whom are altruistic and don’t always act in their best interests. Compare this to the much more conservative, “at least we’re safe while the world burns” attitude which many Bitcoiners have. I don’t want to generalise too much here as the Bitcoin community is great too and there are some wonderful people there. But the difference is clear if you compare the daily discussion of Bitcoin to the incredibly helpful and welcoming daily discussion of EthFinance who will happily answer your noob questions without calling you an idiot and telling you to do you own research (there are plenty more examples in any of the daily threads). Or the very helpful folks over at EthStaker who will go out of their way to help you set up an ETH 2.0 staking node on the testnets (Shoutout to u/superphiz who does a lot of work over in that sub!). Don’t believe me? Head over to those subs and see for yourself.
Please don’t hate on me if you disagree about which project has the best community, it is just my very biased personal opinion and I respect your opinion if you disagree! :)

TL;DR:

submitted by Tricky_Troll to CryptoCurrency [link] [comments]

Bitcoin mentioned around Reddit: $10 usd [paid] in bitcoins or eth to edit this please. Need the $ sign changed to btc. And the McDonalds changed to monero symbol. Also hold number plate. Thanks in advance!!! /r/PhotoshopRequest

Bitcoin mentioned around Reddit: $10 usd [paid] in bitcoins or eth to edit this please. Need the $ sign changed to btc. And the McDonalds changed to monero symbol. Also hold number plate. Thanks in advance!!! /PhotoshopRequest submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: Don't hold back 💕 Now available for [KIK] [VID] [PIC] [SNP] [RATE] [FET] /r/Sexsells

Bitcoin mentioned around Reddit: Don't hold back 💕 Now available for [KIK] [VID] [PIC] [SNP] [RATE] [FET] /Sexsells submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products /r/fuzex

Bitcoin mentioned around Reddit: Commissioner: SEC Shouldn’t Hold Back in Approving Crypto Products /fuzex submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Does the Stellar Foundation hold a lot of Stellar the same way Ripple holds over 50% of the XRP supply? /r/Stellar

Bitcoin mentioned around Reddit: Does the Stellar Foundation hold a lot of Stellar the same way Ripple holds over 50% of the XRP supply? /Stellar submitted by cryptoallbot to cryptoall [link] [comments]

Bitcoin mentioned around Reddit: Does the Stellar Foundation hold a lot of Stellar the same way Ripple holds over 50% of the XRP supply? /r/Stellar

Bitcoin mentioned around Reddit: Does the Stellar Foundation hold a lot of Stellar the same way Ripple holds over 50% of the XRP supply? /Stellar submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Hold your bitcoins /r/MemeEconomy

Bitcoin mentioned around Reddit: Hold your bitcoins /MemeEconomy submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: [Piano Pop] Jordan Burrows - Hold on to the Daylight. I'm working on new material, so figured it'd be good to get feedback on an older song I made to improve myself going forward. Please may I get som /r/OCMUSIC

Bitcoin mentioned around Reddit: [Piano Pop] Jordan Burrows - Hold on to the Daylight. I'm working on new material, so figured it'd be good to get feedback on an older song I made to improve myself going forward. Please may I get som /OCMUSIC submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin holds the 50 week MA (for now) Bitcoin Gold Co-Founder Martin Kuvandzhiev Spills the ... Bitcoin LIVE : BTC Struggling to Hold $12,000. Episode 596 - Crypto Technical Analysis Bitcoin Gold Community - YouTube Bitcoin Reddit Review - DELUSIONAL

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are... jump to content. my subreddits. edit subscriptions. popular-all-random-users AskReddit-news-funny-pics-gaming-worldnews-aww-todayilearned-Showerthoughts-movies-gifs-videos-tifu-science-OldSchoolCool-mildlyinteresting-Jokes -Documentaries-explainlikeimfive-space-Art-personalfinance-EarthPorn-nottheonion ... Bitcoin wasn’t created to have to trust someone else to hold it for you. Having someone else hold your bitcoin removes all the properties that make it special. We reject the idea that users shouldn’t or aren't capable of holding their own private keys. Users should use the Bitcoin network directly as it was always meant to be, without permission from third parties. HODL Wallet’s goal is ... Beware of SCAM wallets/websites surrounding Bitcoin Gold who are frantically preying on immature users to get a hold of their seed keys. Don’t use your seed words/private keys on splitting tools or 3rd party wallets unless you are 100% sure about it. Here is the official blog post from the Coinomi team on the Bitcoin Gold fork and how to claim your free BTG. The Complete Guide To Claiming ... r/btg: All about Bitcoin Gold. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. Log in sign up. User account menu. Bitcoin Gold r/ btg. Join. hot. hot new top rising. hot. new. top. rising. card. card classic compact. 7. pinned by moderators. Posted by 2 years ago. Archived. How to Mine Bitcoin Gold: A Tutorial. 7. 10 comments. share. save. 9 ... Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin ...

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Bitcoin holds the 50 week MA (for now)

Bitcoin Gold is a community-led project to create a Bitcoin hard fork to a new proof-of-work algorithm. The purpose for doing this is to make Bitcoin mining ... Bitcoin Reddit Review - DELUSIONAL Cash Back Crypto Debit Card - Get $50 When You Sign Up: https://platinum.crypto.com/r/cryptodaily Ref Code: cryptodaily Tw... The bulls have returned at least in the short term to hold the 50 week MA, keeping the momentum alive for the time-being. Join the Premium List: https://into... In this video, I go through three Governments that hold Millions of Dollars worth of Bitcoin. Some may surprise you. 🙏🏼 Buy Bitcoin Today from Paxful, our Sp... BREAKING: A design implementation of a blockchain-based 'points system' has been posted to Reddit. It looks like cryptocurrency is about to get a MASSIVE BOO...

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