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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.
/btc was created to foster and support free and open Bitcoin discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin industry 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.
Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
Bitcoin is built on game theory. I will not pretend to be an expert in this. With regards to Satoshis coins; who's holdings some estimate to be as high as 1 million BTC. Do his coins have an effect on network security, censorship resistance and property rights? If so do you think Satoshi deliberately mined this amount?
IRS Demands Robust Tracing Tools for Privacy-centric Crypto Coins and Bitcoin Lightning Network
Investors holding privacy-centric digital currencies could soon be on the radar of the U.S’s top-most tax agency, the Internal Revenue Services (IRS). The IRS is now looking for tools that can trace privacy-centric digital currencies and some other off-chain transaction protocols like the Bitcoin Lightning Network. In a pilot program initiated by the IRS Criminal Investigations Division, the agency issued a request for information (RFI). In the RFI document, the IRS explains: "This RFI is associated with a pilot IRS Criminal Investigation Division (CI) program. CI Cyber Crimes is requesting information about systems that will allow developers and testers to conduct investigative research of distributed ledger transactions involving privacy cryptocurrency coins (e.g.,Monero (XMR),Zcash (ZEC),Dash (DASH),Grin (GRIN),Komodo (KMD),Verge (XVG), andHorizon (ZEN)); Layer 2 off-chain protocol networks (e.g., Lightning Network (LN), Raiden Network, Celer Network); Side-chains (e.g., Plasma and OmiseGo); and tracing challenges following the integration of the Schnorr Signature algorithm.” The IRS is looking for an interactive prototype with a graphical interface that lets it club transactions from a single user and help the associate “user distributed addresses with distributed ledger addresses” of any criminal suspects. Besides, the IRS wants that the prototype should be able to disclose the suspects’ distributed ledger addresses. The prototype should do this by using open-source intelligence data allowing agents to share data between concerned agencies and export data to different file formats. The RFI explains that acquiring applications to allow an investigation to more easily trace privacy coins and other protocols that provide anonymity to illicit actors would allow investigations to be more effective, as well as facilitate a higher level of deterrence by making it harder to conceal criminal activity. It also provides an investigative efficiency that is currently limited. The IRS said that it already has a few investigative cases deployed to trace transactions. Speaking about the Layer 2 protocols like the Raiden and the Lightning Network, the IRS said "even though Layer 2 protocols have been dismissed by many in the investigative support community, there is clear evidence that this is a growing network.” As crypto use and popularity continue to grow, the IRS is having a close watch on the new developments. The IRS has asked prospective bidders to submit their responses by the 14th of July. Source: https://www.worldcoinindex.com/news/irs-demands-robust-tracing-tools-for-privacy-centric-crypto-coins-and-bitcoin-lightning-network
Is there a way to get bitcoin cash without having to open the hologram to get the keys? I have a few as collectors items but I'd like to claim my real bitcoin before Corecoin goes down when the inevitable tether birds come home to roost without damaging my item.
If you don't have BitCoins on Exchange, still your other coins Value is being being shown in terms of Bitcoins value/ Equivalent of Bitcoins value Does that mean....Theoretically..Do you have that many bit coins ? And also whenever the Bitcoin price goes up... Your balance Bitcoins goes down... Please Shed some light on this phenomena
Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Whoever you are, Bitcoin is for you. Individuals, businesses, and developers: get the support you need with our simple guides. Watch 3 min. Bitcoin 101. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Coin Wallet is a free online bitcoin, bitcoincash, bitcoinsv, litecoin, ethereum, ripple, stellar, eos, dogecoin, dash wallet which you can use to make worldwide payments for free. We make paying with bitcoins easy and secure Bitcoin is the world’s first cryptocurrency which works on a completely decentralized network known as the blockchain. The blockchain network consists a link of blocks that are secured using cryptography and record all the transactions. Bitcoin was first presented to the world in 2009 by an anonymous identity known as Satoshi Nakamoto. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
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