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Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. 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 enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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247 Bitcoin Newd

We discuss Bitcoin 247
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Traceability, is it a feature of Bitcoin? How?

submitted by cryptosaulbuffmomo to bitcoincashSV [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar submitted by sylsau to CryptoMarkets [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar submitted by sylsau to CryptoCurrency [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar (x-post from /r/Cryptocurrency)

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar (x-post from /Cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar submitted by sylsau to Bitcoin [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar (x-post from /r/Bitcoin)

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar (x-post from /Bitcoin) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar

The 4 Features of Bitcoin That Make It a Much Better Option for the People Than the U.S. Dollar submitted by sylsau to btc [link] [comments]

Features of Bitcoin Global

Features of Bitcoin Global submitted by Bitcoin-Global to u/Bitcoin-Global [link] [comments]

What specific feature of Bitcoin do you personally find the most value from right now?

submitted by pYr0G3ist to Bitcoin [link] [comments]

after years of being in crypto, the most important feature of bitcoin just dawned on me.

You, the individual who isn't responsible for mining, minting, or increasing the supply- You can burn it by a number of means and permanently reduce the supply if you choose. I honestly can't think of a more powerful asset other then a numbered limited edition of something. I just think that's a very crazy concept that makes bitcoin way more potent then a central bank. If you disagree with your countries dollar you don't even have a choice to actually destroy it, if you do another one will be printed to take its place and the only person it affects is you, in this economy it will effect everyone in it and everyone's children who haven't even bought bitcoin yet.
submitted by Kpenney to Bitcoin [link] [comments]

The Trustless Feature of Bitcoin and Lightning Network

The Trustless Feature of Bitcoin and Lightning Network submitted by cryptoallbot to cryptoall [link] [comments]

Important Features of Bitcoin Aussie System

Our experience with Bitcoin Aussie System has been great; we didn’t spend too much time testing the system because everything works smoothly. The platform is automated and can be used by anyone who wants to start making money online by trading Bitcoins. It is similar to other excellent auto trading platforms such as the Bitcoin Revolution which we have also tested.We can confirm that Bitcoin Aussie System is not a scam. We have tested all its features and used real money to trade on the platform. Everything works, and our experience was fantastic. We were also able to interact with the administrative team running the platform to confirm specifics such as the online security protocols used and licencing for operation.Click Here https://www.marketwatch.com/press-release/bitcoin-aussie-system-reviews-how-to-sign-up-or-login-app-2020-03-18
submitted by BitcoinAussieP to u/BitcoinAussieP [link] [comments]

Coinbase Introduces New Feature of Bitcoin Transaction Batching

Coinbase Introduces New Feature of Bitcoin Transaction Batching submitted by saleenasmith to TheCoinRepublic [link] [comments]

Could reversal transactions become a feature of bitcoin with something like 'mutual trust windows' ?

Imagine sending someone bitcoin for something, and then leaving a window for say 2 blocks, where either party can request to have the transactions revoked, and the original party can either accept or let expire. Wouldn't that be pretty neat? I feel like it could be done with simple scripting. It would be basically the same two keys signing the same transaction again with a new balance. Both things have to be broadcast, but the second time it require two broadcasters. A requester and a validator.
I've been thinking about bitcoin too much. I don't really understand anything.
submitted by crypto_phan to Bitcoin [link] [comments]

To those who don't understand Bitcoin Cash is Bitcoin: Do you realize the main feature of Bitcoin is that it can't be controlled/censored/frozen by any central authority? What do you think a reaction to a take over would look like?

Because this is exactly what Bitcoin Cash is: It's the network reacting to Blockstream's attempt to hijack Bitcoin. Banks don't want Bitcoin to scale. That's why they funded Blockstream, bought the top devs that were on sale (Greg, Luke, Peter, etc), and kicked out the rest (Gavin, Mike, etc), bought the forums, and started a massive propaganda and censorship campaign to silence anyone who dared say "we should raise the block size limit" (which has always been the original scaling plan). That's why all the early adopters are here on btc. We were banned from rBitcoin long ago.
Bitcoin Cash maintains the original design, the original scaling plan, and the original blockchain intact. Bitcoin Cash is literally Bitcoin.
submitted by WiseAsshole to btc [link] [comments]

SecureSigs; PowerBlocks / FlexBlocks ...? Now that we've forked, we no longer have to focus on writing NEGATIVE posts imploring Core & Blockstream to stop adding INFERIOR "anti-features" to Bitcoin. Now we can finally focus on writing POSITIVE posts highlighting the SUPERIOR features of Bitcoin Cash

[[DRAFT / WORK-IN-PROGRESS PROPOSAL FOR USER-ORIENTED COMMUNICATIONS STRATEGY FOR BITCOIN CASH]]

Bitcoin Cash (ticker: BCC, or BCH)

Bitcoin Cash is the original Bitcoin as designed by Satoshi.
Bitcoin Cash simply continues with Satoshi's original design and roadmap, whose success has always has been and always will be based on two essential features:
This means that Bitcoin Cash is the only version of Bitcoin which maintains support for:
[[To distinguish from modified versions of Bitcoin which do not support this, u/HolyBits proposed the new name "PowerBlocks" - while u/PilgrimDouglas proposed the new name "FlexBlocks" to highlight this (existing, but previously unnamed) essential feature - exclusive to Bitcoin Cash.]]
[[To distinguish from modified versions of Bitcoin which do not enforce this, u/PilgrimDouglas proposed the new name "SecureSigs", and u/FatalErrorSystemRoot proposed the new name "SecureChain" to distinguish and highlight this (existing, but previously unnamed) essential feature - exclusive to Bitcoin Cash.]]
Only Bitcoin Cash offers PowerBlocks // FlexBlocks // BigBlocks - already supporting maximum blocksizes up to 8MB
Continuing the growth of the past 8 years, Bitcoin Cash supports PowerBlocks // FlexBlocks // BigBlocks - following Satoshi's roadmap for gradually increasing, market-based blocksizes, in line with ongoing advances in computing infrastructure and network bandwidth around the world. This means that Bitcoin Cash has higher transaction capacity - now supporting blocksizes up to 8MB, making optimal use of available network infrastructure in accordance with studies such as the Cornell study.
With PowerBlocks // FlexBlocks // BigBlocks, Bitcoin Cash users can enjoy faster confirmations and lower fees - while miners earn higher fees based on more transactions per block - and everyone in the Bitcoin Cash community can benefit from rising market cap, as adoption and use continue to increase worldwide.
Only Bitcoin Cash uses 100% SecureSigs // SecureChain // StrongSigs technology - continuing to enforce mandatory on-chain signature validation for all Bitcoin transactions
Maintaining Satoshi's original 100% safe on-chain signature validation approach, SecureSigs // SecureChain // StrongSigs continues the important mandatory requirement for all miners to always download, validate, and permanently save all transaction signatures directly in the blockchain. With SecureSigs // SecureChain // StrongSigs, Bitcoin Cash users will continue to enjoy the same perfect track record of security that they have for the preceding 8 years.
The other version of Bitcoin (ticker: BTC) has lower capacity and weaker security
There is another version Bitcoin being developed by the Core and Blockstream dev teams, who reject Satoshi's original roadmap for high on-chain capacity and strong on-chain security. Instead, they propose moving these two essential aspects partially off their fork of the Bitcoin blockchain.
The Blockstream dev team has received tens of millions of dollars in venture capital from several leading banking, insurance and accounting firms in the "legacy" financial industry - entering untested waters by modifying Bitcoin's code in their attempt to move much of Bitcoin's transactions and security off-chain.
Although these devs have managed to claim the original name "Bitcoin" (ticker: BTC) - also sometimes known as Bitcoin-Core, or Bitcoin-SegWit - their version of Bitcoin actually uses heavily modified code which differs sharply from Satoshi's original Bitcoin in two significant ways:
Based on the higher on-chain capacity and stronger on-chain security of Bitcoin Cash - as well as its more open, transparent, and decentralized community - observers and analysts are confident that Bitcoin Cash will continue to enjoy significant support from investors, miners and transactors.
In fact, on the first day of mining and trading, Bitcoin Cash is already the #4 coin by market cap, indicating that there is strong support in the community for higher on-chain capacity and stronger on-chain security of Bitcoin Cash. (UPDATE: Bitcoin Cash has now already moved up to be the #3 coin by market cap.)
[[Probably more text needed here to provide a nice conclusion / summing-up.]]

###

  • Note 1: The text above proposes introducing some totally new terminology such as "SecureSigs // SecureChain // StrongSigs" (= "No SegWit) or "PowerBlocks" // "FlexBlocks // BigBlocks" (= 8MB blocksize). Fortune favors the bold! Users want features - and features have to have names! So we should feel free to be creative here. (A lot of people on r\bitcoin probably want SegWit simply because it sounds kind of disappointing to say "XYZ-Coin doesn't support PQR-Feature". So we should put on our thinking caps and figure out a positive, user-oriented word that explains how Bitcoin Cash makes it mandatory for miners to always download, validate, and save all signatures on-chain. That's a "feature" too - but we've always had it this whole time, so we never noticed it or gave it a name. Let's give this feature a name now!)
  • Note 2: The texts above don't yet introduce any terminology to express "No RBF". You can help contribute to developing this communication strategy by suggesting your ideas - regarding positive ways to express "No RBF" - or regarding any other areas which you think could be improved!
  • Note 3: Some comments within the text above have been inserted using [[double-square brackets]]. More work needs to be done on the text above to refine it into a powerful message supporting an effective communication strategy for Bitcoin Cash. If you're good at communication, post your ideas here in the comments!
  • Note 4: Some alternative proposed options for new terminology have been shown in the text above using double-slashes:
    • FlexBlocks // PowerBlocks // BigBlocks
    • SecureSigs // SecureChain // StrongSigs

What is this about?

If you're good at communications, we all need to work together developing the "message" about Bitcoin Cash!
As everyone here knows, we've wasted several years in a divided, toxic community - fighting with idiots and assholes and losers and trolls, imploring incompetent, corrupt, out-of-touch devs to stop adding inferior, broken "anti-features" to our coin.
But now it's a new day: those inferior, broken anti-features are only in their coin, not in our coin.
So we no longer have to waste all our time ranting and raving against those anti-features anymore (although we still might want to occasionally mention them in passing - when we want to emphasize how Bitcoin Cash avoids those mistakes =).
Now we can shift gears - and shift our attention, our creativity, and our communication strategies - away from the negative, inferior, crippled anti-features they have in their coin - and onto the superior, positive, beneficial features that we have in our coin.
So, to get started in this direction, the other day I started a different kind of post - encouraging redditors on btc to come together to develop some positive, user-oriented terminology (or "framing") to communicate the important benefits and advantages offered by Bitcoin Cash (BCC, or BCH) - focusing on the fact that Bitcoin Cash is the only version of Bitcoin which continues along Satoshi's original design and roadmap based around the two essential features of high on-chain capacity and strong on-chain security.
Here's that previous post:
Blockstream's Bitcoin has 2 weaknesses / anti-features. But people get seduced by official-sounding names: "Lightning Network" and "SegWit". Bitcoin Cash has 2 strengths / features - but we never named them. Could we call our features something like "FlexBlocks" and "SafeSigs"? Looking for ideas!
https://np.reddit.com/btc/comments/6qrlyn/blockstreams_bitcoin_has_2_weaknesses/
So above, at the start of the current post, is a draft or work-in-progress incorporating many of these ideas which people have been suggesting we can use as part of our communications strategy to help investors, miners and users understand the important features / benefits / advantages which they can enjoy when they use Bitcoin Cash.
Basically, the goal is to simply follow some of the "best practices" already being successfully used by communications experts - so that we can start developing user-oriented, positive phrasing or "framing" to highlight the important features / benefits / advantages that people can enjoy by using Bitcoin Cash.
What are the existing names for these features / benefits / advantages?
Currently people have identified at least three major features which it would be important to highlight:
  • Bitcoin Cash already supports bigger blocks - up to 8MB.
  • Bitcoin Cash will never support SegWit.
  • Bitcoin Cash also removes Replace-By-Fee (RBF).
Notice that the first item above is already expressed in positive terms: "bigger blocks".
But the other two items are expressed in negative terms: "no SegWit", "no RBF".
Now, as we know from the study of framing (as shown by counter-examples such as communication expert George Lakoff's "Don't think of an elephant" - or the American President Nixon saying "I'm not a crook"), effective communication generally involves choosing terminology which highlights your positive points.
So, one of the challenges right now is to think of positive terminology for expressing these two aspects of Bitcoin Cash - which up until this time have only been expressed using negative terminology:
  • Bitcoin Cash will never support SegWit.
  • Bitcoin Cash also removes Replace-By-Fee (RBF).
In other words, we need to figure out ways to say this which don't involve using the word "no" (or "removes" or "doesn't support", etc).
  • We need to say what Bitcoin Cash does do.
  • We no longer need say what Bitcoin Cash doesn't do.
So, the proposed or work-in-progress text could be used as a starting point for developing some positive terminology to communicate the superior features / benefits / advantages of Bitcoin Cash to investors, miners and transactors.
References:
Blockstream's Bitcoin has 3 weaknesses / anti-features / bugs. But people get seduced by official-sounding names: "Lightning Network" and "SegWit". Bitcoin Cash has 2 strengths / features - but we never named them. Could we call our features something like "FlexBlocks" and "SafeSigs"? Looking for ideas!
https://np.reddit.com/btc/comments/6qrlyn/blockstreams_bitcoin_has_2_weaknesses/
REMINDER: People are contributing excellent suggestions for positive-sounding, user-oriented names for the 3 main features / benefits of Bitcoin Cash - including (1) "PowerBlocks" or "FlexBlocks" or "BigBlocks" (= 8MB blocksize); (2) "SecureSigs" or "SafeSigs" or "StrongSigs" (= no SegWit).
We still need suggestions for: (3) "???" (= No RBF / Replace-By-Fee)
https://np.reddit.com/btc/comments/6r0rpu/reminder_people_are_contributing_excellent/
UPDATE: Some possible names for "No RBF" could be "SingleSpend" or "FirstPay"
Final mini-rant: Those dumb-fucks at Core / Blockstream are going to regret the day they decided to cripple their on-chain capacity with small-blocks and weaken their on-chain security with SegWit. Now that we've finally forked, it's a whole new ball game. We no longer have to implore them to not these anti-features in our coin. Let them add all the anti-features they want to their low-capacity, weak-security shit-coin. ... But OK, no more negativity, right?!? There's a new honey badger in town now - and its name is Bitcoin Cash!
submitted by ydtm to btc [link] [comments]

[Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): "What's the most important feature of Bitcoin that we must not sacrifice? Decentralization, Security, Low fees, Global payments"

[Twitter Poll] Charlie Lee (Director of Engineering @ Coinbase): submitted by eragmus to Bitcoin [link] [comments]

Best Features of Bitcoin and Cryptocurrency [Andreas Antonopoulos] Bitcoin Will Hit $25,000 in 2019

Best Features of Bitcoin and Cryptocurrency [Andreas Antonopoulos] Bitcoin Will Hit $25,000 in 2019 submitted by Rufflenator to 3bitcoins [link] [comments]

Best Features of Bitcoin and Cryptocurrency [Andreas Antonopoulos] Bitcoin Will Hit $25,000 in 2019

Best Features of Bitcoin and Cryptocurrency [Andreas Antonopoulos] Bitcoin Will Hit $25,000 in 2019 submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back

Bitcoin [BTC]: Any reorg can potentially undo the foundational features of Bitcoin, claims Adam Back submitted by n4bb to CoinPath [link] [comments]

THE OFF CHAINING FEATURE OF BITCOIN AIR

The Bitcoin Air's off chaining feature makes it very unique and different from other payment Crypto tokens. With off chaining feature, Bitcoin Air can preserve the USD value of coin, this feature protects from market fluctuations so that small businesses will not hesitate to accept it. As the price is preserved and they can re-enter into market at any time with actual price value. This kind of feature is not available in any other payment crypto tokens which makes Bitcoin Air more superior.
For more information: https://www.bitcoinair.org/
submitted by janny4d to ico [link] [comments]

Tone Vays: “Privacy Should be a Default Feature of Bitcoin” - CryptoGlobe

Tone Vays: “Privacy Should be a Default Feature of Bitcoin” - CryptoGlobe submitted by ulros to fbitcoin [link] [comments]

Bitcoin Vault - YouTube Features of Bitcoin SV Smart Contract - YouTube The Benefits of Bitcoin - YouTube Bitcoin Documentary  Crypto Currencies  Bitcoins ... What is Bitcoin? Bitcoin Explained Simply for Dummies ...

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Bitcoin Vault - YouTube

Bitcoin Vault is developed to provide an extra level of security based on a three-private-key security structure. It features all the convenience of Bitcoin ... Bitcoin: The End Of Money As We Know It traces the history of money from the bartering societies of the ancient world to the trading floors of Wall St. The d... This video is unavailable. Watch Queue Queue. Watch Queue Queue Speaker: Edward, an independent BSV developer Edward said that blockchain technology provides a trusted execution environment for smart contracts, ensuring i... Jack Ma, the founder and executive chairman of Alibaba Group, answered a question about the future of Bitcoin. https://www.techwalls.com/

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