Princeton Researchers Developing Bitcoin-Based Prediction

Bitcoin-Based Prediction Market in Development at Princeton

Bitcoin-Based Prediction Market in Development at Princeton submitted by boyanjosic to Bitcoin [link] [comments]

Princeton Researchers Developing Bitcoin-Based Prediction Market

Princeton Researchers Developing Bitcoin-Based Prediction Market submitted by 5thStreetResearch to Bitcoin [link] [comments]

This Princeton professor is building a Bitcoin-inspired prediction market

This Princeton professor is building a Bitcoin-inspired prediction market submitted by waspoza to Bitcoin [link] [comments]

Princeton University researchers develop Bitcoin prediction market

Princeton University researchers develop Bitcoin prediction market submitted by cryptodev to cryptodev [link] [comments]

Where is Bitcoin Going and When?

Where is Bitcoin Going and When?

The Federal Reserve and the United States government are pumping extreme amounts of money into the economy, already totaling over $484 billion. They are doing so because it already had a goal to inflate the United States Dollar (USD) so that the market can continue to all-time highs. It has always had this goal. They do not care how much inflation goes up by now as we are going into a depression with the potential to totally crash the US economy forever. They believe the only way to save the market from going to zero or negative values is to inflate it so much that it cannot possibly crash that low. Even if the market does not dip that low, inflation serves the interest of powerful people.
The impending crash of the stock market has ramifications for Bitcoin, as, though there is no direct ongoing-correlation between the two, major movements in traditional markets will necessarily affect Bitcoin. According to the Blockchain Center’s Cryptocurrency Correlation Tool, Bitcoin is not correlated with the stock market. However, when major market movements occur, they send ripples throughout the financial ecosystem which necessary affect even ordinarily uncorrelated assets.
Therefore, Bitcoin will reach X price on X date after crashing to a price of X by X date.

Stock Market Crash

The Federal Reserve has caused some serious consternation with their release of ridiculous amounts of money in an attempt to buoy the economy. At face value, it does not seem to have any rationale or logic behind it other than keeping the economy afloat long enough for individuals to profit financially and politically. However, there is an underlying basis to what is going on which is important to understand in order to profit financially.
All markets are functionally price probing systems. They constantly undergo a price-discovery process. In a fiat system, money is an illusory and a fundamentally synthetic instrument with no intrinsic value – similar to Bitcoin. The primary difference between Bitcoin is the underlying technology which provides a slew of benefits that fiat does not. Fiat, however, has an advantage in being able to have the support of powerful nation-states which can use their might to insure the currency’s prosperity.
Traditional stock markets are composed of indices (pl. of index). Indices are non-trading market instruments which are essentially summaries of business values which comprise them. They are continuously recalculated throughout a trading day, and sometimes reflected through tradable instruments such as Exchange Traded Funds or Futures. Indices are weighted by market capitalizations of various businesses.
Price theory essentially states that when a market fails to take out a new low in a given range, it will have an objective to take out the high. When a market fails to take out a new high, it has an objective to make a new low. This is why price-time charts go up and down, as it does this on a second-by-second, minute-by-minute, day-by-day, and even century-by-century basis. Therefore, market indices will always return to some type of bull market as, once a true low is formed, the market will have a price objective to take out a new high outside of its’ given range – which is an all-time high. Instruments can only functionally fall to zero, whereas they can grow infinitely.
So, why inflate the economy so much?
Deflation is disastrous for central banks and markets as it raises the possibility of producing an overall price objective of zero or negative values. Therefore, under a fractional reserve system with a fiat currency managed by a central bank – the goal of the central bank is to depreciate the currency. The dollar is manipulated constantly with the intention of depreciating its’ value.
Central banks have a goal of continued inflated fiat values. They tend to ordinarily contain it at less than ten percent (10%) per annum in order for the psyche of the general populace to slowly adjust price increases. As such, the markets are divorced from any other logic. Economic policy is the maintenance of human egos, not catering to fundamental analysis. Gross Domestic Product (GDP) growth is well-known not to be a measure of actual growth or output. It is a measure of increase in dollars processed. Banks seek to produce raising numbers which make society feel like it is growing economically, making people optimistic. To do so, the currency is inflated, though inflation itself does not actually increase growth. When society is optimistic, it spends and engages in business – resulting in actual growth. It also encourages people to take on credit and debts, creating more fictional fiat.
Inflation is necessary for markets to continue to reach new heights, generating positive emotional responses from the populace, encouraging spending, encouraging debt intake, further inflating the currency, and increasing the sale of government bonds. The fiat system only survives by generating more imaginary money on a regular basis.
Bitcoin investors may profit from this by realizing that stock investors as a whole always stand to profit from the market so long as it is managed by a central bank and does not collapse entirely. If those elements are filled, it has an unending price objective to raise to new heights. It also allows us to realize that this response indicates that the higher-ups believe that the economy could crash in entirety, and it may be wise for investors to have multiple well-thought-out exit strategies.

Economic Analysis of Bitcoin

The reason why the Fed is so aggressively inflating the economy is due to fears that it will collapse forever or never rebound. As such, coupled with a global depression, a huge demand will appear for a reserve currency which is fundamentally different than the previous system. Bitcoin, though a currency or asset, is also a market. It also undergoes a constant price-probing process. Unlike traditional markets, Bitcoin has the exact opposite goal. Bitcoin seeks to appreciate in value and not depreciate. This has a quite different affect in that Bitcoin could potentially become worthless and have a price objective of zero.
Bitcoin was created in 2008 by a now famous mysterious figure known as Satoshi Nakamoto and its’ open source code was released in 2009. It was the first decentralized cryptocurrency to utilize a novel protocol known as the blockchain. Up to one megabyte of data may be sent with each transaction. It is decentralized, anonymous, transparent, easy to set-up, and provides myriad other benefits. Bitcoin is not backed up by anything other than its’ own technology.
Bitcoin is can never be expected to collapse as a framework, even were it to become worthless. The stock market has the potential to collapse in entirety, whereas, as long as the internet exists, Bitcoin will be a functional system with a self-authenticating framework. That capacity to persist regardless of the actual price of Bitcoin and the deflationary nature of Bitcoin means that it has something which fiat does not – inherent value.
Bitcoin is based on a distributed database known as the “blockchain.” Blockchains are essentially decentralized virtual ledger books, replete with pages known as “blocks.” Each page in a ledger is composed of paragraph entries, which are the actual transactions in the block.
Blockchains store information in the form of numerical transactions, which are just numbers. We can consider these numbers digital assets, such as Bitcoin. The data in a blockchain is immutable and recorded only by consensus-based algorithms. Bitcoin is cryptographic and all transactions are direct, without intermediary, peer-to-peer.
Bitcoin does not require trust in a central bank. It requires trust on the technology behind it, which is open-source and may be evaluated by anyone at any time. Furthermore, it is impossible to manipulate as doing so would require all of the nodes in the network to be hacked at once – unlike the stock market which is manipulated by the government and “Market Makers”. Bitcoin is also private in that, though the ledge is openly distributed, it is encrypted. Bitcoin’s blockchain has one of the greatest redundancy and information disaster recovery systems ever developed.
Bitcoin has a distributed governance model in that it is controlled by its’ users. There is no need to trust a payment processor or bank, or even to pay fees to such entities. There are also no third-party fees for transaction processing. As the ledge is immutable and transparent it is never possible to change it – the data on the blockchain is permanent. The system is not easily susceptible to attacks as it is widely distributed. Furthermore, as users of Bitcoin have their private keys assigned to their transactions, they are virtually impossible to fake. No lengthy verification, reconciliation, nor clearing process exists with Bitcoin.
Bitcoin is based on a proof-of-work algorithm. Every transaction on the network has an associated mathetical “puzzle”. Computers known as miners compete to solve the complex cryptographic hash algorithm that comprises that puzzle. The solution is proof that the miner engaged in sufficient work. The puzzle is known as a nonce, a number used only once. There is only one major nonce at a time and it issues 12.5 Bitcoin. Once it is solved, the fact that the nonce has been solved is made public.
A block is mined on average of once every ten minutes. However, the blockchain checks every 2,016,000 minutes (approximately four years) if 201,600 blocks were mined. If it was faster, it increases difficulty by half, thereby deflating Bitcoin. If it was slower, it decreases, thereby inflating Bitcoin. It will continue to do this until zero Bitcoin are issued, projected at the year 2140. On the twelfth of May, 2020, the blockchain will halve the amount of Bitcoin issued when each nonce is guessed. When Bitcoin was first created, fifty were issued per block as a reward to miners. 6.25 BTC will be issued from that point on once each nonce is solved.
Unlike fiat, Bitcoin is a deflationary currency. As BTC becomes scarcer, demand for it will increase, also raising the price. In this, BTC is similar to gold. It is predictable in its’ output, unlike the USD, as it is based on a programmed supply. We can predict BTC’s deflation and inflation almost exactly, if not exactly. Only 21 million BTC will ever be produced, unless the entire network concedes to change the protocol – which is highly unlikely.
Some of the drawbacks to BTC include congestion. At peak congestion, it may take an entire day to process a Bitcoin transaction as only three to five transactions may be processed per second. Receiving priority on a payment may cost up to the equivalent of twenty dollars ($20). Bitcoin mining consumes enough energy in one day to power a single-family home for an entire week.

Trading or Investing?

The fundamental divide in trading revolves around the question of market structure. Many feel that the market operates totally randomly and its’ behavior cannot be predicted. For the purposes of this article, we will assume that the market has a structure, but that that structure is not perfect. That market structure naturally generates chart patterns as the market records prices in time. In order to determine when the stock market will crash, causing a major decline in BTC price, we will analyze an instrument, an exchange traded fund, which represents an index, as opposed to a particular stock. The price patterns of the various stocks in an index are effectively smoothed out. In doing so, a more technical picture arises. Perhaps the most popular of these is the SPDR S&P Standard and Poor 500 Exchange Traded Fund ($SPY).
In trading, little to no concern is given about value of underlying asset. We are concerned primarily about liquidity and trading ranges, which are the amount of value fluctuating on a short-term basis, as measured by volatility-implied trading ranges. Fundamental analysis plays a role, however markets often do not react to real-world factors in a logical fashion. Therefore, fundamental analysis is more appropriate for long-term investing.
The fundamental derivatives of a chart are time (x-axis) and price (y-axis). The primary technical indicator is price, as everything else is lagging in the past. Price represents current asking price and incorrectly implementing positions based on price is one of the biggest trading errors.
Markets and currencies ordinarily have noise, their tendency to back-and-fill, which must be filtered out for true pattern recognition. That noise does have a utility, however, in allowing traders second chances to enter favorable positions at slightly less favorable entry points. When you have any market with enough liquidity for historical data to record a pattern, then a structure can be divined. The market probes prices as part of an ongoing price-discovery process. Market technicians must sometimes look outside of the technical realm and use visual inspection to ascertain the relevance of certain patterns, using a qualitative eye that recognizes the underlying quantitative nature
Markets and instruments rise slower than they correct, however they rise much more than they fall. In the same vein, instruments can only fall to having no worth, whereas they could theoretically grow infinitely and have continued to grow over time. Money in a fiat system is illusory. It is a fundamentally synthetic instrument which has no intrinsic value. Hence, the recent seemingly illogical fluctuations in the market.
According to trade theory, the unending purpose of a market or instrument is to create and break price ranges according to the laws of supply and demand. We must determine when to trade based on each market inflection point as defined in price and in time as opposed to abandoning the trend (as the contrarian trading in this sub often does). Time and Price symmetry must be used to be in accordance with the trend. When coupled with a favorable risk to reward ratio, the ability to stay in the market for most of the defined time period, and adherence to risk management rules; the trader has a solid methodology for achieving considerable gains.
We will engage in a longer term market-oriented analysis to avoid any time-focused pressure. The Bitcoin market is open twenty-four-hours a day, so trading may be done when the individual is ready, without any pressing need to be constantly alert. Let alone, we can safely project months in advance with relatively high accuracy. Bitcoin is an asset which an individual can both trade and invest, however this article will be focused on trading due to the wide volatility in BTC prices over the short-term.

Technical Indicator Analysis of Bitcoin

Technical indicators are often considered self-fulfilling prophecies due to mass-market psychology gravitating towards certain common numbers yielded from them. They are also often discounted when it comes to BTC. That means a trader must be especially aware of these numbers as they can prognosticate market movements. Often, they are meaningless in the larger picture of things.
  • Volume – derived from the market itself, it is mostly irrelevant. The major problem with volume for stocks is that the US market open causes tremendous volume surges eradicating any intrinsic volume analysis. This does not occur with BTC, as it is open twenty-four-seven. At major highs and lows, the market is typically anemic. Most traders are not active at terminal discretes (peaks and troughs) because of levels of fear. Volume allows us confidence in time and price symmetry market inflection points, if we observe low volume at a foretold range of values. We can rationalize that an absolute discrete is usually only discovered and anticipated by very few traders. As the general market realizes it, a herd mentality will push the market in the direction favorable to defending it. Volume is also useful for swing trading, as chances for swing’s validity increases if an increase in volume is seen on and after the swing’s activation. Volume is steadily decreasing. Lows and highs are reached when volume is lower.
Therefore, due to the relatively high volume on the 12th of March, we can safely determine that a low for BTC was not reached.
  • VIX – Volatility Index, this technical indicator indicates level of fear by the amount of options-based “insurance” in portfolios. A low VIX environment, less than 20 for the S&P index, indicates a stable market with a possible uptrend. A high VIX, over 20, indicates a possible downtrend. VIX is essentially useless for BTC as BTC-based options do not exist. It allows us to predict the market low for $SPY, which will have an indirect impact on BTC in the short term, likely leading to the yearly low. However, it is equally important to see how VIX is changing over time, if it is decreasing or increasing, as that indicates increasing or decreasing fear. Low volatility allows high leverage without risk or rest. Occasionally, markets do rise with high VIX.
As VIX is unusually high, in the forties, we can be confident that a downtrend for the S&P 500 is imminent.
  • RSI (Relative Strength Index): The most important technical indicator, useful for determining highs and lows when time symmetry is not availing itself. Sometimes analysis of RSI can conflict in different time frames, easiest way to use it is when it is at extremes – either under 30 or over 70. Extremes can be used for filtering highs or lows based on time-and-price window calculations. Highly instructive as to major corrective clues and indicative of continued directional movement. Must determine if longer-term RSI values find support at same values as before. It is currently at 73.56.
  • Secondly, RSI may be used as a high or low filter, to observe the level that short-term RSI reaches in counter-trend corrections. Repetitions based on market movements based on RSI determine how long a trade should be held onto. Once a short term RSI reaches an extreme and stay there, the other RSI’s should gradually reach the same extremes. Once all RSI’s are at extreme highs, a trend confirmation should occur and RSI’s should drop to their midpoint.

Trend Definition Analysis of Bitcoin

Trend definition is highly powerful, cannot be understated. Knowledge of trend logic is enough to be a profitable trader, yet defining a trend is an arduous process. Multiple trends coexist across multiple time frames and across multiple market sectors. Like time structure, it makes the underlying price of the instrument irrelevant. Trend definitions cannot determine the validity of newly formed discretes. Trend becomes apparent when trades based in counter-trend inflection points continue to fail.
Downtrends are defined as an instrument making lower lows and lower highs that are recurrent, additive, qualified swing setups. Downtrends for all instruments are similar, except forex. They are fast and complete much quicker than uptrends. An average downtrend is 18 months, something which we will return to. An uptrend inception occurs when an instrument reaches a point where it fails to make a new low, then that low will be tested. After that, the instrument will either have a deep range retracement or it may take out the low slightly, resulting in a double-bottom. A swing must eventually form.
A simple way to roughly determine trend is to attempt to draw a line from three tops going upwards (uptrend) or a line from three bottoms going downwards (downtrend). It is not possible to correctly draw a downtrend line on the BTC chart, but it is possible to correctly draw an uptrend – indicating that the overall trend is downwards. The only mitigating factor is the impending stock market crash.

Time Symmetry Analysis of Bitcoin

Time is the movement from the past through the present into the future. It is a measurement in quantified intervals. In many ways, our perception of it is a human construct. It is more powerful than price as time may be utilized for a trade regardless of the market inflection point’s price. Were it possible to perfectly understand time, price would be totally irrelevant due to the predictive certainty time affords. Time structure is easier to learn than price, but much more difficult to apply with any accuracy. It is the hardest aspect of trading to learn, but also the most rewarding.
Humans do not have the ability to recognize every time window, however the ability to define market inflection points in terms of time is the single most powerful trading edge. Regardless, price should not be abandoned for time alone. Time structure analysis It is inherently flawed, as such the markets have a fail-safe, which is Price Structure. Even though Time is much more powerful, Price Structure should never be completely ignored. Time is the qualifier for Price and vice versa. Time can fail by tricking traders into counter-trend trading.
Time is a predestined trade quantifier, a filter to slow trades down, as it allows a trader to specifically focus on specific time windows and rest at others. It allows for quantitative measurements to reach deterministic values and is the primary qualifier for trends. Time structure should be utilized before price structure, and it is the primary trade criterion which requires support from price. We can see price structure on a chart, as areas of mathematical support or resistance, but we cannot see time structure.
Time may be used to tell us an exact point in the future where the market will inflect, after Price Theory has been fulfilled. In the present, price objectives based on price theory added to possible future times for market inflection points give us the exact time of market inflection points and price.
Time Structure is repetitions of time or inherent cycles of time, occurring in a methodical way to provide time windows which may be utilized for inflection points. They are not easily recognized and not easily defined by a price chart as measuring and observing time is very exact. Time structure is not a science, yet it does require precise measurements. Nothing is certain or definite. The critical question must be if a particular approach to time structure is currently lucrative or not.
We will measure it in intervals of 180 bars. Our goal is to determine time windows, when the market will react and when we should pay the most attention. By using time repetitions, the fact that market inflection points occurred at some point in the past and should, therefore, reoccur at some point in the future, we should obtain confidence as to when SPY will reach a market inflection point. Time repetitions are essentially the market’s memory. However, simply measuring the time between two points then trying to extrapolate into the future does not work. Measuring time is not the same as defining time repetitions. We will evaluate past sessions for market inflection points, whether discretes, qualified swings, or intra-range. Then records the times that the market has made highs or lows in a comparable time period to the future one seeks to trade in.
What follows is a time Histogram – A grouping of times which appear close together, then segregated based on that closeness. Time is aligned into combined histogram of repetitions and cycles, however cycles are irrelevant on a daily basis. If trading on an hourly basis, do not use hours.
  • Yearly Lows (last seven years): 1/1/13, 4/10/14, 1/15/15, 1/17/16, 1/1/17, 12/15/18, 2/6/19
  • Monthly Mode: 1, 1, 1, 1, 2, 4, 12
  • Daily Mode: 1, 1, 6, 10, 15, 15, 17
  • Monthly Lows (for the last year): 3/12/20 (10:00pm), 2/28/20 (7:09am), 1/2/20 (8:09pm), 12/18/19 (8:00am), 11/25/19 (1:00am), 10/24/19 (2:59am), 9/30/19 (2:59am), 8/29,19 (4:00am), 7/17/19 (7:59am), 6/4/19 (5:59pm), 5/1/19 (12:00am), 4/1/19 (12:00am)
  • Daily Lows Mode for those Months: 1, 1, 2, 4, 12, 17, 18, 24, 25, 28, 29, 30
  • Hourly Lows Mode for those Months (Military time): 0100, 0200, 0200, 0400, 0700, 0700, 0800, 1200, 1200, 1700, 2000, 2200
  • Minute Lows Mode for those Months: 00, 00, 00, 00, 00, 00, 09, 09, 59, 59, 59, 59
  • Day of the Week Lows (last twenty-six weeks):
Weighted Times are repetitions which appears multiple times within the same list, observed and accentuated once divided into relevant sections of the histogram. They are important in the presently defined trading time period and are similar to a mathematical mode with respect to a series. Phased times are essentially periodical patterns in histograms, though they do not guarantee inflection points
Evaluating the yearly lows, we see that BTC tends to have its lows primarily at the beginning of every year, with a possibility of it being at the end of the year. Following the same methodology, we get the middle of the month as the likeliest day. However, evaluating the monthly lows for the past year, the beginning and end of the month are more likely for lows.
Therefore, we have two primary dates from our histogram.
1/1/21, 1/15/21, and 1/29/21
2:00am, 8:00am, 12:00pm, or 10:00pm
In fact, the high for this year was February the 14th, only thirty days off from our histogram calculations.
The 8.6-Year Armstrong-Princeton Global Economic Confidence model states that 2.15 year intervals occur between corrections, relevant highs and lows. 2.15 years from the all-time peak discrete is February 9, 2020 – a reasonably accurate depiction of the low for this year (which was on 3/12/20). (Taking only the Armstrong model into account, the next high should be Saturday, April 23, 2022). Therefore, the Armstrong model indicates that we have actually bottomed out for the year!
Bear markets cannot exist in perpetuity whereas bull markets can. Bear markets will eventually have price objectives of zero, whereas bull markets can increase to infinity. It can occur for individual market instruments, but not markets as a whole. Since bull markets are defined by low volatility, they also last longer. Once a bull market is indicated, the trader can remain in a long position until a new high is reached, then switch to shorts. The average bear market is eighteen months long, giving us a date of August 19th, 2021 for the end of this bear market – roughly speaking. They cannot be shorter than fifteen months for a central-bank controlled market, which does not apply to Bitcoin. (Otherwise, it would continue until Sunday, September 12, 2021.) However, we should expect Bitcoin to experience its’ exponential growth after the stock market re-enters a bull market.
Terry Laundy’s T-Theory implemented by measuring the time of an indicator from peak to trough, then using that to define a future time window. It is similar to an head-and-shoulders pattern in that it is the process of forming the right side from a synthetic technical indicator. If the indicator is making continued lows, then time is recalculated for defining the right side of the T. The date of the market inflection point may be a price or indicator inflection date, so it is not always exactly useful. It is better to make us aware of possible market inflection points, clustered with other data. It gives us an RSI low of May, 9th 2020.
The Bradley Cycle is coupled with volatility allows start dates for campaigns or put options as insurance in portfolios for stocks. However, it is also useful for predicting market moves instead of terminal dates for discretes. Using dates which correspond to discretes, we can see how those dates correspond with changes in VIX.
Therefore, our timeline looks like:
  • 2/14/20 – yearly high ($10372 USD)
  • 3/12/20 – yearly low thus far ($3858 USD)
  • 5/9/20 – T-Theory true yearly low (BTC between 4863 and 3569)
  • 5/26/20 – hashrate difficulty halvening
  • 11/14/20 – stock market low
  • 1/15/21 – yearly low for BTC, around $8528
  • 8/19/21 – end of stock bear market
  • 11/26/21 – eighteen months from halvening, average peak from halvenings (BTC begins rising from $3000 area to above $23,312)
  • 4/23/22 – all-time high
Taken from my blog: http://aliamin.info/2020/
submitted by aibnsamin1 to Bitcoin [link] [comments]

Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
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/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

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

Merchant Resources

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

Can I mine bitcoin?

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

Earning bitcoins

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

Bitcoin Projects

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

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by ccjunkiemonkey to Bitcoin [link] [comments]

Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by ccjunkiemonkey to CryptoCurrency [link] [comments]

r/Bitcoin recap - February 2018

Hi Bitcoiners!
I’m back with the fourteenth monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in February 2018
submitted by SamWouters to Bitcoin [link] [comments]

Gregory Maxwell /u/nullc has evidently never heard of terms like "the 1%", "TPTB", "oligarchy", or "plutocracy", revealing a childlike naïveté when he says: "‘Majority sets the rules regardless of what some minority thinks’ is the governing principle behind the fiats of major democracies."

UPDATE: This post was inspired by a similar previous post which also has lots of great points, but the current post has a slightly different focus because:
(1) This post assumes ignorance (not dishonesty) on the part of nullc.
(2) This post basically gives a list of a bunch of sources on Wikipedia talking about oligarchy and plutocracy, as a starting point for anyone interested in this stuff.
Gregory Maxwell nullc has repeatedly shown that he has a very weak grasp of the political and economic realities shaping our world today.
He should not be (actually nobody should be) in charge of setting major economic policies and parameters (eg money velocity aka "max blocksize") for the most important non-state-based currency in the history of humanity (Bitcoin).
Are serious investors and businesspeople going to believe in a new currency whose economic parameters (eg money velocity aka "max blocksize") are centrally planned by a private for-profit corporation Blockstream whose CTO and CEO (Gregory Maxwell nullc and Adam Back adam3us) have repeatedly shown that they are totally clueless when it comes to markets and economics?
I don't even know where to begin to school this guy on the reality of politics and economics in the world today. It would take literally years of reading up on events in the mainstream media and online in order for him to get familiar enough with this stuff to stop blurting out ridiculously ignorant statements like:
"Majority sets the rules regardless of what some minority thinks" is the governing principle behind the fiats of major democracies.
https://np.reddit.com/Bitcoin/comments/44meru/why_would_miners_go_against_their_own_interests/czrgb0d
https://np.reddit.com/btc/comments/44p5tk/does_the_community_believe_that_gmaxwell_is_being/
Maybe the Wikipedia articles on "Oligarchy" or "Plutocracy" would be a good place for him to start reading up, so he can avoid making such ignorant public pronouncements in the future.
Meanwhile, it is obvious that this guy should not be in charge of centralized planning for Bitcoin's economic aspects such as "max blocksize".
Actually, blocksize is probably not a even a "parameter" which can be "pre-determined" by a C/C++ programmer.
Blocksize is more likely an "emergent phenomenon" which should probably be determined by the market itself.
Below are many, many links talking about how "oligarchy" and "plutocracy" have replaced democracy in politics and economics today.
https://en.wikipedia.org/wiki/Oligarchy#United_States
Some contemporary authors have characterized current conditions in the United States as oligarchic in nature.[8][9]
Simon Johnson wrote that "the reemergence of an American financial oligarchy is quite recent," a structure which he delineated as being the "most advanced" in the world.[10]
Jeffrey A. Winters wrote that "oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay."[11]
Bernie Sanders,opined in a 2010 The Nation article that an "upper-crust of extremely wealthy families are hell-bent on destroying the democratic vision of a strong middle-class … In its place they are determined to create an oligarchy in which a small number of families control the economic and political life of our country."[12]
The top 1% in 2007 had a larger share of total income than at any time since 1928.[13] In 2011, according to PolitiFact and others, the top 400 wealthiest Americans "have more wealth than half of all Americans combined."[14][15][16][17]
French economist Thomas Piketty states in his 2013 book, Capital in the Twenty-First Century, that "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."[18]
A study conducted by political scientists Martin Gilens of Princeton University, and Benjamin Page of Northwestern University, was released in April 2014,[19] which stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
It also suggested that "Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association, and a widespread (if still contested) franchise."
Gilens and Page do not characterize the US as an "oligarchy" per se; however, they do apply the concept of "civil oligarchy" as used by Jeffrey Winters with respect to the US. Winters has posited a comparative theory of "oligarchy" in which the wealthiest citizens – even in a "civil oligarchy" like the United States – dominate policy concerning crucial issues of wealth- and income-protection.[20]
Gilens says that average citizens only get what they want if economic elites or interest groups also want it; that is, economic elites and interest groups are influential.[21] ...
In a 2015 interview, former President Jimmy Carter stated that the United States is now "an oligarchy with unlimited political bribery," due to the Citizens United ruling, which effectively removed limits on donations to political candidates.[25]
Links for the above references (footnotes) in the Wikipedia article on "Oligarchy":
[8] Kroll, Andy (2 December 2010). "The New American Oligarchy". TomDispatch (Truthout). Retrieved 17 August 2012.
http://www.truth-out.org/archive/component/k2/item/93150:andy-kroll--the-new-american-oligarchy
It used to be that citizens in large numbers, mobilized by labor unions or political parties or a single uniting cause, determined the course of American politics. After World War II, a swelling middle class was the most powerful voting bloc, while, in those same decades, the working and middle classes enjoyed comparatively greater economic prosperity than their wealthy counterparts. Kiss all that goodbye. We're now a country run by rich people.
[9] America on the Brink of Oligarchy 24 August 2012 The New Republic
http://www.tnr.com/article/magazine/books-and-arts/106430/money-politics-inequality-power-one-percent-move-on-effect
Winters conceives of oligarchy not as rule by the few, but as a kind of minority power created by great concentrations of material wealth. Compatible with a wide range of regimes, oligarchy can co-exist and even be “fused” with democracy as it is today in the United States.
[10] Johnson, Simon (May 2009). "The Quiet Coup". The Atlantic. Retrieved 17 August 2012.
https://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/?single_page=true
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
[11] Winters, Jeffrey A. (November–December 2011) [28 September 2011]. "Oligarchy and Democracy". The American Interest 7 (2). Retrieved 17 August 2012.
http://www.the-american-interest.com/2011/09/28/oligarchy-and-democracy/
Democratic institutions aren't sufficient in themselves to keep the wealthy few from concentrating political power.
[12] Sanders, Bernie (22 July 2010). "No To Oligarchy". The Nation. Retrieved 18 August 2012.
http://www.thenation.com/article/no-oligarchy/
While the middle class disappears and more Americans fall into poverty, the wealthiest people in our country are using their wealth and political power to protect their privileged status at everyone else's expense.
[13] "Tax Data Show Richest 1 Percent Took a Hit in 2008, But Income Remained Highly Concentrated at the Top. Recent Gains of Bottom 90 Percent Wiped Out". Center on Budget and Policy Priorities. 25 May 2011. Retrieved 30 May 2014.
http://www.cbpp.org/research/tax-data-show-richest-1-percent-took-a-hit-in-2008-but-income-remained-highly-concentrated?fa=view&id=3309
[14] Kertscher, Tom; Borowski, Greg (10 March 2011). "The Truth-O-Meter Says: True - Michael Moore says 400 Americans have more wealth than half of all Americans combined". PolitiFact. Retrieved 11 August 2013.
http://www.politifact.com/wisconsin/statements/2011/ma10/michael-moore/michael-moore-says-400-americans-have-more-wealth-/
"Right now, this afternoon, just 400 Americans -- 400 -- have more wealth than half of all Americans combined," Moore avowed to tens of thousands of protesters.
"Let me say that again. And please, someone in the mainstream media, just repeat this fact once; we’re not greedy, we’ll be happy to hear it just once.
"Four hundred obscenely wealthy individuals ... -- most of whom benefited in some way from the multi-trillion-dollar taxpayer bailout of 2008 -- now have more cash, stock and property than the assets of 155 million Americans combined."
[15] Moore, Michael (6 March 2011). "America Is Not Broke". Huffington Post. Retrieved 11 August 2013.
http://www.huffingtonpost.com/michael-moore/america-is-not-broke_b_832006.html
America is not broke.
Contrary to what those in power would like you to believe so that you'll give up your pension, cut your wages, and settle for the life your great-grandparents had, America is not broke. Not by a long shot. The country is awash in wealth and cash. It's just that it's not in your hands. It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and the portfolios of the uber-rich.
Today just 400 Americans have more wealth than half of all Americans combined.
Let me say that again. 400 obscenely rich people, most of whom benefited in some way from the multi-trillion dollar taxpayer "bailout" of 2008, now have more loot, stock and property than the assets of 155 million Americans combined. If you can't bring yourself to call that a financial coup d'état, then you are simply not being honest about what you know in your heart to be true.
[16] Moore, Michael (7 March 2011). "The Forbes 400 vs. Everybody Else". michaelmoore.com. Archived from the original on 2011-03-09. Retrieved 2014-08-28.
https://web.archive.org/web/20110309211959/http://www.michaelmoore.com/words/must-read/forbes-400-vs-everybody-else
According to the most recent information, the Forbes 400 now have a greater net worth than the bottom 50% of U.S. households combined.
[17] Pepitone, Julianne (22 September 2010). "Forbes 400: The super-rich get richer". CNN. Retrieved 11 August 2013.
http://money.cnn.com/2010/09/22/news/companies/forbes_400/index.htm
Forbes magazine released its annual list of the 400 richest Americans on Wednesday, and their combined net worth climbed 8% this year, to $1.37 trillion.
[18] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
Capital in the Twenty-First Century is a 2013 book by French economist Thomas Piketty. It focuses on wealth and income inequality in Europe and the United States since the 18th century. It was initially published in French (as Le Capital au XXIe siècle) in August 2013; an English translation by Arthur Goldhammer followed in April 2014.
The book's central thesis is that when the rate of return on capital (r) is greater than the rate of economic growth (g) over the long term, the result is concentration of wealth, and this unequal distribution of wealth causes social and economic instability.
[19] Gilens, Martin; Page, Benjamin (9 April 2016). "Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens" (PDF): 6.
[20] Gilens & Page (2014) p. 6
https://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=9354310
Each of four theoretical traditions in the study of American politics—which can be characterized as theories of Majoritarian Electoral Democracy, Economic-Elite Domination, and two types of interest-group pluralism, Majoritarian Pluralism and Biased Pluralism—offers different predictions about which sets of actors have how much influence over public policy: average citizens; economic elites; and organized interest groups, mass-based or business-oriented.
Multivariate analysis indicates that economic elites and organized groups representing business interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence. The results provide substantial support for theories of Economic-Elite Domination and for theories of Biased Pluralism, but not for theories of Majoritarian Electoral Democracy or Majoritarian Pluralism.
[21] Prokop, A. (18 April 2014) "The new study about oligarchy that's blowing up the Internet, explained" Vox
http://www.vox.com/2014/4/18/5624310/martin-gilens-testing-theories-of-american-politics-explained
Study: Politicians listen to rich people, not you
Who really matters in our democracy — the general public, or wealthy elites?
[25] http://www.rollingstone.com/politics/videos/jimmy-carter-u-s-is-an-oligarchy-with-unlimited-political-bribery-20150731
Former President Jimmy Carter had some harsh words to say about the current state of America's electoral process, calling the country "an oligarchy with unlimited political bribery" resulting in "nominations for president or to elect the president." When asked this week by The Thom Hartmann Program (via The Intercept) about the Supreme Court's April 2014 decision to eliminate limits on campaign donations, Carter said the ruling "violates the essence of what made America a great country in its political system."
https://en.wikipedia.org/wiki/Plutocracy#Post_World_War_II
When the Nobel-Prize winning economist Joseph Stiglitz wrote the 2011 Vanity Fair magazine article entitled "Of the 1%, by the 1%, for the 1%", the title and content supported Stiglitz's claim that the United States is increasingly ruled by the wealthiest 1%.[34]
Some researchers have said the US may be drifting towards a form of oligarchy, as individual citizens have less impact than economic elites and organized interest groups upon public policy.[35]
A study conducted by political scientists Martin Gilens (Princeton University) and Benjamin Page (Northwestern University), which was released in April 2014,[36] stated that their "analyses suggest that majorities of the American public actually have little influence over the policies our government adopts."
Links for the above references (footnotes) in the Wikipedia article on "Plutocracy":
[34] Stiglitz Joseph E. "Of the 1%, by the 1%, for the 1%" Vanity Fair, May 2011; see also the Democracy Now! interview with Joseph Stiglitz: Assault on Social Spending, Pro-Rich Tax Cuts Turning U.S. into Nation "Of the 1 Percent, by the 1 Percent, for the 1 Percent", Democracy Now! Archive, Thursday, April 7, 2011
http://www.vanityfair.com/news/2011/05/top-one-percent-201105
It’s no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year. In terms of wealth rather than income, the top 1 percent control 40 percent.
...
America’s inequality distorts our society in every conceivable way. There is, for one thing, a well-documented lifestyle effect—people outside the top 1 percent increasingly live beyond their means. Trickle-down economics may be a chimera, but trickle-down behaviorism is very real. Inequality massively distorts our foreign policy. The top 1 percent rarely serve in the military—the reality is that the “all-volunteer” army does not pay enough to attract their sons and daughters, and patriotism goes only so far. Plus, the wealthiest class feels no pinch from higher taxes when the nation goes to war: borrowed money will pay for all that. Foreign policy, by definition, is about the balancing of national interests and national resources. With the top 1 percent in charge, and paying no price, the notion of balance and restraint goes out the window. There is no limit to the adventures we can undertake; corporations and contractors stand only to gain. The rules of economic globalization are likewise designed to benefit the rich: they encourage competition among countries for business, which drives down taxes on corporations, weakens health and environmental protections, and undermines what used to be viewed as the “core” labor rights, which include the right to collective bargaining. Imagine what the world might look like if the rules were designed instead to encourage competition among countries for workers. Governments would compete in providing economic security, low taxes on ordinary wage earners, good education, and a clean environment—things workers care about. But the top 1 percent don’t need to care.
[35] Piketty, Thomas (2014). Capital in the Twenty-First Century. Belknap Press. ISBN 067443000X p. 514: "the risk of a drift towards oligarchy is real and gives little reason for optimism about where the United States is headed."
https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century
[36] Gilens & Page (2014) Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Perspectives on Politics, Princeton University. Retrieved 18 April 2014.
PDF! www.princeton.edu/~mgilens/Gilens%20homepage%20materials/Gilens%20and%20Page/Gilens%20and%20Page%202014-Testing%20Theories%203-7-14.pdf
Finally, it is worth mentioning the notorious "Plutonomy" memo prepared by analysts at Citigroup:
https://pissedoffwoman.wordpress.com/2012/04/12/the-plutonomy-reports-download/
Citigroup wrote memos in 2005 and 2006 addressed to investors, basically saying that the world is dividing up more and more into a small group of rich people who drive the economy, surrounded by a large number of poor people whose economic interests can be safely ignored.
As the above links show, it is shockingly naïve for Gregory Maxwell u/nullc to claim that policies for fiat currencies are determined by "democracies".
If he is this ignorant about the reality of so-called democracies and fiat currencies, one can only wonder how much other stuff he is ignorant about, in his ongoing misguided attempts to impose his own centralized economic planning on Bitcoin.
submitted by ydtm to btc [link] [comments]

8 Ways Blockchain could be used in Education

Currently, we’re amid a technology revolution: blockchain. This is one of the largest technological breakthroughs of the 21st century. Though its popularity is rising, people are still confused in understanding the technology.
From real estate to the banking industry and healthcare, every industry is integrating blockchain technology. Every industry is now looking for various ways to incorporate blockchain technology to boost their businesses.
Blockchain is a distributed ledger that is used in different industries. In simple terms, the information that is stored can be shared by a community. Each member of the community gets to maintain their own copy of the information. The information stored could be in the form of contracts, representative of transactions, or anything that can be put in a digital form. This information cannot be altered and changed.
It is truly no surprise that blockchain is taking over every industry, the education industry as well.
Blockchain technology is predicted to disrupt the global economy in the foreseeable future. It is estimated that by 2025, 10% of the world’s GDP will be managed through blockchain technologies, a report by - The World Economic Forum. A report by, The World Economic Forum.
How will the education sector gain maximum benefit from this technology? Is blockchain technology the future to education?
As a concept, blockchain technology creates a distributed ledger that is used for various academic purposes. This help boosts students’ performance and results. In short, blockchain can be utilized to organize students’ data, provide with ease of ownership, access, everything that is stored in blockchain cannot be altered and is immutable. In this way, blockchain might just take over the way the educations’ data is stored.
This technology brings palpable uses in the education sector most stakeholders are unaware of. With blockchain technology, assets such as attendance, tuition fees, courses, and even the students' diploma can become a part of the blockchain record. With the advantages of blockchain being immutable, the data stored can never be deleted. Besides this, none of the participants has the authority to tamper with the record once stored and saved. To make any correction, an addition of a new record needs to be added. Both the records will be seen in the chain.
Many educational institutions have planned on implementing blockchain based tools. And if you have the domain knowledge, it will help provide the right platform for the educational institutions. Blockchain for education is changing the face of education over traditional education system.
We’ve identified eight ways that blockchain for education could be deployed to help improve learning opportunities.

1.Badges
Technology skillset can be verified with a digital badge. In this case, multiple badges can be collected and assembled to a single open badge passport. Indorse is a platform that uses blockchain to verify e-portfolios.

2.Single institution
Holburton School, San Fransisco already offers their students project-based education to enhance college courses. This institution uses blockchain for storing and delivering the certificates, a step taken to stop distribution of fake certification. This institution offers students paper copies, but for this, a system-created decentralized clearing number is generated providing authentication to the employers.

3.Group of institutions
Many educational institutions have assembled coming up with the need for shared repositories where the certificates and achievements can be shared. Universities like Delft, EPFL, Boston, ANU and UBC have recently formed a codeshare agreement on certification which can further be used by organizations that form a global alliance and global group of schools. Blockchain provides cheap, shared resource to institutions or bodies.

4.National blockchain database
As a country, there is a need to have a shared approach to the credentials that the schools, universities, institutions, boards, employers, and trade associations produce at all levels. All in one solution could be blockchain technology, this can ease out this devolved issue.

5.MOOCs
There’s a MOOC on blockchain and Bitcoin offered by Princeton University on Coursera. Even though people crib on taking up MOOCs, they are already changing the way education is being delivered. MOOCs are all about decentralizing and widening the access and there’s every reason that organizers will move to decentralize increasing access to certifications. Many professionals are upskilling and are moving towards MOOCs to learn blockchain technology.

6.Global assessment
It is said that the current system of certification does not serve its purpose. A paper system can be subjected to loss or can even be fraudulent. With digitization and extensive usage of internet and mobile, having a decentralized database of credentials is useful when migrating to a different job, interstate or country. This can also be used by refugees who do not have a copy of their degrees. Having an online repository can be resourceful.

7.Corporate learning
With the ongoing scenario in the job market, many organizations are delivering training to their employees, however, storing these achievements can be a challenge. The current learning management has grown obsolete and redundant. What is needed today is to have an open secure system where employees can not only use it internally but can be utilized even when one leaves the company.

8.Continuing professional development (CPD)
Continuing professional development can be difficult and has become the least notionally part of professionals. Blockchain can be used for such purposes in which the CPD data can be taken from conference attendance, other means of learning, and courses. Professionals and teachers can get inputs through trusted providers and can be incentivized to conduct more CPD.
You can now learn blockchain technology to get into the technology of the future. We believe that adopting blockchain will soon drive a new wave of decentralized applications. Organizations are in a massive hunt for expert professionals in blockchain technology.
submitted by sharmaniti437 to u/sharmaniti437 [link] [comments]

Ethereum in the year of the fire monkey! can you keep up?

Soon after we celebrate the two-year anniversary of the official release of the white paper with the one millionth block on the frontier, amazing news keep coming in so rapidly that even the world's fastest client cannot finish syncing before the next incredible story hits.
Since the onset of the chinese new year, the fire monkey's frolics set the whole ethereum ecosystem on fire.
For you indulgence, I cherry picked some recent news:
I mean. Isn't this just crazy? In less than a month?
What is YOUR favourite story?
Bonus points if you give me a reason not to be bullish.
submitted by decypha to ethereum [link] [comments]

[uncensored-r/Bitcoin] Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Tota...

The following post by ccjunkiemonkey is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qynvj
The original post's content was as follows:
This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links ...

The following post by ccjunkiemonkey is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7m0gu3
The original post's content was as follows:
This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Subreddit Stats: Bitcoin top posts from 2017-10-15 to 2018-10-14 18:01 PDT

Period: 364.20 days
Submissions Comments
Total 1000 265073
Rate (per day) 2.75 722.33
Unique Redditors 812 63529
Combined Score 3662639 3145604

Top Submitters' Top Submissions

  1. 74796 points, 2 submissions: Tricky_Troll
    1. The last 3 months in 47 seconds. (48474 points, 790 comments)
    2. Bitcoin Doesn't Give a Fuck. (26322 points, 1505 comments)
  2. 50907 points, 3 submissions: LeeWallis
    1. It's official! 1 Bitcoin = $10,000 USD (48506 points, 4587 comments)
    2. It's official! 1 Bitcoin = $10,000 USD (again) (1233 points, 123 comments)
    3. Bitcoin just reached $7,000 USD on GDAX! (1168 points, 359 comments)
  3. 49298 points, 2 submissions: chronic_nervosa
    1. Working Hard or Hardly Working? (25721 points, 326 comments)
    2. Investing Tips from a Pro (23577 points, 598 comments)
  4. 44144 points, 2 submissions: wolfwolfz
    1. It's over 9000!!! (42429 points, 3170 comments)
    2. Mtgox caused 2013 and 2018 crash (1715 points, 425 comments)
  5. 42048 points, 1 submission: buttockpain
    1. Everyone who's trading BTC right now (42048 points, 804 comments)
  6. 41614 points, 3 submissions: PineappleFund
    1. I'm donating 5057 BTC to charitable causes! Introducing The Pineapple Fund (20020 points, 2927 comments)
    2. Farewell from the Pineapple Fund (10944 points, 610 comments)
    3. 🍍 $4mil will fund MDMA trials for PTSD; marked 'Breakthrough Therapy' by FDA. Pineapple Fund is matching MAPS donations 1:1. Reddit, let's make history by crowdfunding an incredible treatment for PTSD, in bitcoin! (10650 points, 558 comments)
  7. 41269 points, 4 submissions: Xtreme110
    1. Bitcoin.. The King (28328 points, 1178 comments)
    2. So here's what actually happened Today. (8542 points, 301 comments)
    3. So Yeah This Happened .. (2330 points, 215 comments)
    4. Did someone Asked for Support levels... (2069 points, 224 comments)
  8. 29323 points, 1 submission: KINNAHZ
    1. I hope James is doing well (29323 points, 1242 comments)
  9. 29123 points, 1 submission: trance929
    1. Weeeeeeee! (29123 points, 1530 comments)
  10. 28063 points, 1 submission: benjaminikuta
    1. Nothing can increase by that much and still be a good investment. (28063 points, 1318 comments)
  11. 27600 points, 5 submissions: Suberg
    1. Rabobank Fined $369M for Money Laundering After Calling Bitcoin a Risk for Money Laundering (14264 points, 312 comments)
    2. Ellen DeGeneres Just Introduced Bitcoin to Her 3 Million US Viewers (7893 points, 619 comments)
    3. Evidence Emerges of CNBC Collusion with Roger Ver, BCash (2665 points, 526 comments)
    4. Reminder: Encrypt and store your bitcoin offline - U.S. Congress Quietly Passes CLOUD Act to Increase Gov't Access to Online Info (1688 points, 277 comments)
    5. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1090 points, 298 comments)
  12. 26949 points, 1 submission: Kittstar123
    1. This is why I want bitcoin to hit $10,000 (26949 points, 918 comments)
  13. 24897 points, 2 submissions: sunilross
    1. What he would be wishing now? 😂 (22418 points, 954 comments)
    2. Just a few months ago Bitcoin going to $10,000 was a huge celebration Now Bitcoin is at $10,000 and its like the end of the world. What an irony!! (2479 points, 1016 comments)
  14. 24555 points, 8 submissions: TheGreatMuffin
    1. This Bitcoin chart is insane! Oh, wait… that’s actually a chart of US dollar money printing. (8202 points, 1165 comments)
    2. Coinbase Hit With Class Action Claiming Insiders Benefited From 'Bitcoin Cash' Launch (5370 points, 493 comments)
    3. "Anonymous bitcoin donor rains $56 million on stunned nonprofits" (story about The Pinapple Fund) (3331 points, 199 comments)
    4. Odds of winning Powerball (Lottery) vs guessing one bitcoin private key (by @Coinguybri) (2008 points, 260 comments)
    5. Andreas Antonopoulos' depiction of the day he became aware of the donations that made him a millionaire (1878 points, 214 comments)
    6. McAfee doubles down on his promise: "I now predict Bitcoin at $1 million by the end of 2020. I will still eat my dick if wrong." (1387 points, 329 comments)
    7. Federal courts now accepting cryptocurrency for bail (1288 points, 62 comments)
    8. The first Stable version of BTCPay is out: BTCPayServer 1.0.1.1 and NBXplorer 1.0.1.3. Next stable version will include Lightning Network. (by Nicolas Dorier) (1091 points, 103 comments)
  15. 23962 points, 6 submissions: Mobilenewsflash
    1. Difference between New and Experienced Trader (11900 points, 181 comments)
    2. Did you know? I didn't. (4127 points, 294 comments)
    3. Altcoin Master (3555 points, 145 comments)
    4. All we need is this kind of bull run! (2125 points, 122 comments)
    5. Bitcoin isn't the bubble, it's the pin (1199 points, 310 comments)
    6. Simple answer, the right one (1056 points, 230 comments)
  16. 23651 points, 3 submissions: UniqueUsername642
    1. Cheers! (17238 points, 510 comments)
    2. This is Cryptocurrency (5072 points, 371 comments)
    3. Bitcoin Investors be like (1341 points, 335 comments)
  17. 23082 points, 1 submission: jrs0080
    1. Whoever put this up deserves a medal (23082 points, 319 comments)
  18. 23066 points, 1 submission: vindico_silenti
    1. BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes. (23066 points, 820 comments)
  19. 22856 points, 1 submission: danielwilson666
    1. Bitcoin today (22856 points, 1940 comments)
  20. 22657 points, 1 submission: byte_coder
    1. 2018: lets run for office (22657 points, 991 comments)
  21. 22193 points, 1 submission: Hync
    1. Lily Allen turned down 200K in Bitcoins for a gig in 2009 which is worth $1,426,199,000 as of this writing (22193 points, 1293 comments)
  22. 21505 points, 1 submission: paperraincoat
    1. Eleven! (21505 points, 575 comments)
  23. 21044 points, 1 submission: SotakuKun
    1. How To Invest In Bitcoin (21044 points, 634 comments)
  24. 20817 points, 1 submission: MichKOG
    1. Almost everyone now is an Investor (20817 points, 554 comments)
  25. 20647 points, 10 submissions: Bastiat
    1. Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today (5145 points, 766 comments)
    2. Pierre Rochard: "Until your altcoin successfully defeats a coordinated attack like NYA/S2X, with 90% of the hashrate and major businesses trying to force a hard fork, its immutability is untested and its monetary policy is suspect. Bitcoin has earned its keep, its immutability is beyond question" (2249 points, 345 comments)
    3. Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part? (2070 points, 190 comments)
    4. Day 5: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. User demand from this community can help lead to some big changes. Have you joined the /Bitcoin SegWit effort? (2017 points, 268 comments)
    5. Day 7: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Do you want low tx fees, because this is how you get low tx fees (1959 points, 166 comments)
    6. Day 3: I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI (1758 points, 220 comments)
    7. Coinbase's short-sighted money grab is @Gemini.com's gain. Trust is the number one concern for new adopters and nobody can trust CONBASE after today (1689 points, 383 comments)
    8. Day 8: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. BTC Core SegWit GUI coming May 1, Coinbase incompetence exposed, more exchanges deploy SegWit (1454 points, 177 comments)
    9. Day 6: I will post this guide regularly until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and tx fees are low. Refer a friend to SegWit today. There's no $10 referral offer, but you'll both get lower fees and help strengthen the BTC protocol (1193 points, 99 comments)
    10. If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SEGWIT TX. DOWNLOAD A SEGWIT COMPATIBLE WALLET AND OPEN A SEGWIT COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW (1113 points, 228 comments)
  26. 20159 points, 1 submission: swahlgren
    1. Danish Bitcoin billionaire new sponsor of professional Danish ice hockey team. Stadium to be renamed "Bitcoin Arena" and get a huge Bitcoin logo in the middle of the ice! (20159 points, 1018 comments)
  27. 20119 points, 4 submissions: bitchari
    1. Value is always in the eyes of the beholder (10999 points, 542 comments)
    2. We did it!! BTC ✌️ (4335 points, 333 comments)
    3. Uncomfortable truths!! (3228 points, 451 comments)
    4. "rat poison" returns!! (1557 points, 234 comments)
  28. 19767 points, 1 submission: Active2017
    1. $7,900+!! (am i doing this right?) (19767 points, 493 comments)
  29. 18709 points, 1 submission: JonathanMauri
    1. Sold some bitcoin to buy my new best bud 🤗 (18709 points, 1752 comments)
  30. 17979 points, 1 submission: crlxzzz
    1. Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015 (17979 points, 802 comments)
  31. 17806 points, 6 submissions: domelane
    1. FORBES: "South Korea Is Not Banning Bitcoin Trade, Financial Regulators Clarify". (8349 points, 245 comments)
    2. Banks vs Bitcoin (2370 points, 311 comments)
    3. Arizona Senate Votes to Accept Tax Payments in Bitcoin (2363 points, 134 comments)
    4. Visa confirms Coinbase wasn’t at fault for overcharging users (1854 points, 92 comments)
    5. Finally! Coinbase: "Our engineering team has finished testing of SegWit for Bitcoin on Coinbase. We will be starting a phased launch to customers over the next few days and are targeting a 100% launch to all customers by mid next week". (1501 points, 112 comments)
    6. For all the newbies posting: "Bitcoin will crash on Monday! Wall Street is buying to short it to hell!", watch Andreas (Member of the Oversight Board of the CME Futures) to calm your tits. (1369 points, 322 comments)
  32. 17749 points, 2 submissions: BluntLord
    1. possibly the worst thing about this crash... (11631 points, 2540 comments)
    2. Reasons why these price increases are NOT a good thing. no FUD, all facts. (6118 points, 394 comments)
  33. 17228 points, 1 submission: ma_Name_Is_Jefffff
    1. To the new guys, let's see how tough you really are (17228 points, 1371 comments)
  34. 17117 points, 4 submissions: ayanamirs
    1. Don't be this guy (11774 points, 728 comments)
    2. Satoshi Nakamoto about bitcoin.com (2337 points, 313 comments)
    3. SegWit transactions are now 30.71%! (1892 points, 198 comments)
    4. SegWit, Lightning Network, and Schnorr are way more important than the current price. (1114 points, 166 comments)
  35. 16889 points, 1 submission: bitnext
    1. There are 180 different scenarios where bitcoin go. If any one thing happens remember me i am the first one to predict this (16889 points, 452 comments)
  36. 16350 points, 1 submission: YetAnotherCryptoFan
    1. Warren Buffet: (16350 points, 990 comments)
  37. 16128 points, 1 submission: lewjc
    1. Quick analysis of the markets this month (16128 points, 349 comments)
  38. 15721 points, 1 submission: bitiegg
    1. Guys... I'm out... (15721 points, 814 comments)
  39. 15216 points, 1 submission: CryptoCurrencyFreak
    1. The Free Software Foundation has received a 91.45 Bitcoin donation from the Pineapple Fund. Valued at $1 Million USD. (15216 points, 423 comments)
  40. 15144 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7954 points, 205 comments)
    2. Behold my 20 Bitcoin lawnmower bought mid 2012 (4214 points, 289 comments)
    3. This could change everything (1900 points, 68 comments)
    4. Bitcoin today (1076 points, 114 comments)
  41. 14847 points, 1 submission: cryptograffiti
    1. Upvote to get this to the top search result for "Bitcoin CEO." (14847 points, 265 comments)
  42. 14823 points, 6 submissions: Bitzone4
    1. Mood Currently. (6084 points, 448 comments)
    2. Hodlers currently (2882 points, 314 comments)
    3. Lets goooo yes bitcoin (2362 points, 280 comments)
    4. Holders Power (1444 points, 160 comments)
    5. Meanwhile when there's blood in the street. (1032 points, 106 comments)
    6. Who else took the discount opportunity? (1019 points, 209 comments)
  43. 14808 points, 1 submission: ltc-
    1. What a time to be alive! (14808 points, 467 comments)
  44. 14807 points, 1 submission: nrckprth
    1. When you are trying to buy the dip (14807 points, 660 comments)
  45. 14761 points, 2 submissions: zackwong97
    1. Quick grab the offer! (12316 points, 835 comments)
    2. 100 years has past and a new currency was discovered. I believe cryptocurrency can save the world. (2445 points, 221 comments)
  46. 14624 points, 1 submission: lawmaster99
    1. Microsoft joins Steam and stops accepting Bitcoin payments (14624 points, 2163 comments)
  47. 14236 points, 1 submission: kixxaxxas
    1. Yeah! Bitcoin! (14236 points, 496 comments)
  48. 13950 points, 1 submission: EaFaer
    1. Us Senate Bill S.1241 to criminalize concealed ownership of Bitcoin (13950 points, 1621 comments)
  49. 13929 points, 7 submissions: finalhedge
    1. Apple co-founder Steve Wozniak: “Bitcoin is mathematical. I am a mathematician. There are only 21 million. It is more legitimate than other systems” (3984 points, 487 comments)
    2. Mum knows best (2474 points, 149 comments)
    3. Wall Street Journal has gone from worrying that Bitcoin is a bubble that will crash, to worrying that it's not (2432 points, 440 comments)
    4. Hedge Fund Manager Mark Yusko: "Only gamble was whether Bitcoin would make if from $0 to $100-- that was the real miracle. Going from $4,000 to $400,000 is easy" (1755 points, 272 comments)
    5. Those who scoffed at the thought of $1,000 BTC are scoffing at $10,000 BTC and will scoff at $100,000 BTC (1163 points, 342 comments)
    6. Barry Silbert could make Bitcoin soar to $7,000+ & his own Assets Under Management to $1.5B+ with 1 tweet: call off SegWit2X & uncertainty will be out of the market. (1074 points, 189 comments)
    7. Google gets it. (1047 points, 46 comments)
  50. 13912 points, 4 submissions: readish
    1. Bitcoin is going to do to banks what email did the post office and Amazon did to retail. (7194 points, 1137 comments)
    2. ... hey, Coinbase... (3293 points, 492 comments)
    3. Yes, please! (2342 points, 325 comments)
    4. Calling Bitcoin Cash the "real" Bitcoin is straightforward fraud, and will financially wreck many new investors entering the ecosystem by buying a fake coin. So, exposing frauds is a nice thing to do for other people to prevent them from falling for those scams. (1083 points, 400 comments)
  51. 13876 points, 1 submission: theymos
    1. Don't invest recklessly (13876 points, 1972 comments)
  52. 13839 points, 1 submission: virtualwoman0
    1. Thank you Coinbase!! For taking sooo long to validate my identity, my account, and my bank transfers...your endless delays prevented me from investing in the crypto market before the crash! (13839 points, 556 comments)
  53. 13817 points, 2 submissions: xcryptogurux
    1. Don't be like Greg (9887 points, 370 comments)
    2. Lesson - History of Bitcoin crashes (3930 points, 1676 comments)
  54. 13546 points, 2 submissions: D3M0Sthenes
    1. Can you feel the Pumpening? (12469 points, 436 comments)
    2. There's always that guy at the party (1077 points, 61 comments)
  55. 13507 points, 2 submissions: pc_to_mac_user
    1. Keeping Coinbase on their toes - Robinhood adds no-fee crypto trading! (12040 points, 909 comments)
    2. Coinbase CEO: In the next 3–5 years, you will see countries going into economic crisis and could see the organic adoption of cryptocurrencies (1467 points, 363 comments)
  56. 13489 points, 3 submissions: Godfreee
    1. It was a sad day when we had to retire this meme from our wall after 3.5 years. Next one will have an added zero! (10196 points, 237 comments)
    2. Back in 2013, a single subway sandwich shop accepting Bitcoin got airtime on CNBC, and we were all jumping for joy. Nowadays we get full TV features about Bitcoin and people are like " yawn, could be better". (2020 points, 110 comments)
    3. This magazine cover came out exactly 30 years ago - same day Bitcoin was released 9 years ago. Was Satoshi that meta? 2018 is gonna be a helluva ride. (1273 points, 301 comments)
  57. 13293 points, 2 submissions: ccjunkiemonkey
    1. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (12259 points, 206 comments)
    2. Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post. (1034 points, 97 comments)
  58. 12875 points, 1 submission: DebtFreeMFers
    1. Guys, I am out (12875 points, 1572 comments)
  59. 12651 points, 1 submission: lriccardo
    1. I spent 3 months building one of the best apps to track cryptocurrencies. Exchanges API sync, wallet tracking and many other features. I am not 16 but I invested a lot of time into this, can I get some attention anyway or am I going to get randomly downvoted as always? The app is also free. (12651 points, 1563 comments)
  60. 12558 points, 3 submissions: agent9747
    1. How to transfer Bitcoin from Coinbase for free! (10322 points, 809 comments)
    2. Stop hating on Coinbase (1210 points, 563 comments)
    3. My Cryptocurrency app is starting to look good :D It will be available soon-ish (1026 points, 193 comments)
  61. 12489 points, 1 submission: tune_down
    1. Insider tip: BTC is going to skyrocket in the next 48 hours (12489 points, 741 comments)
  62. 12328 points, 1 submission: i_mash_shoryuken
    1. This month in Bitcoin. (12328 points, 371 comments)
  63. 12069 points, 1 submission: Ev1lyv35
    1. This hurts me in a different level. (12069 points, 593 comments)
  64. 11898 points, 4 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4747 points, 246 comments)
    2. Thought I might share this in here. No way Bitcoin is going to survive folks... (4657 points, 824 comments)
    3. New Free Bitcoin Icons (1285 points, 71 comments)
    4. Bitcoin Icons (100% Free) (1209 points, 64 comments)
  65. 11618 points, 1 submission: timbroddin
    1. 9 years ago block 0 was mined. Happy birthday Bitcoin! (11618 points, 455 comments)
  66. 11429 points, 1 submission: tomerux
    1. We waited for that... (11429 points, 186 comments)
  67. 11381 points, 1 submission: sykhlo
    1. And that's why we need limited supply. (11381 points, 803 comments)
  68. 11357 points, 2 submissions: sbrdx
    1. Bitcoiners be like 😂 (9418 points, 413 comments)
    2. When you HODL through a bear market (1939 points, 108 comments)
  69. 11339 points, 1 submission: CosmosKing98
    1. This is governments trying to regulate bitcoin. (11339 points, 549 comments)
  70. 11198 points, 1 submission: Ryamgram
    1. <---- Number of Hodlers with Strong Hands (11198 points, 1127 comments)
  71. 11079 points, 2 submissions: ForeverDutch92
    1. Dutch national newspaper urges people to sell all their Bitcoins as it undermines the government, could destabilise the economy and reduces the power of central banks. Sounds like a reason to buy to me 🤔 (9843 points, 986 comments)
    2. We really need to start pushing for SegWit support. Stop waiting for the Lightning Network to fix everything. (1236 points, 318 comments)
  72. 11063 points, 5 submissions: amorpisseur
    1. South Korean gov't "shocked" at the number of citizens requesting the removal of Justice Minister and Finance Minister for market manipulation (4015 points, 236 comments)
    2. BREAKING: TD Ameritrade to allow bitcoin futures trading Monday (2571 points, 234 comments)
    3. "Microsoft and Starbucks signed on to use the new platform for payments and accept BTC" (2190 points, 330 comments)
    4. We found who's spamming the mempool (1162 points, 207 comments)
    5. Lightning Network progress: 72 out of 75 tests pass! (1125 points, 562 comments)
  73. 11010 points, 1 submission: Sam767679
    1. Legendary story by John McAfee (11010 points, 472 comments)
  74. 10959 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10959 points, 1505 comments)
  75. 10750 points, 1 submission: singularityissonear
    1. Time to invest! (10750 points, 329 comments)
  76. 10749 points, 1 submission: broscientologist
    1. I made a decision tree for everyone panic selling. (10749 points, 896 comments)
  77. 10688 points, 1 submission: K_owar_D
    1. They never told me that buying the lambo would be the easy part... (10688 points, 495 comments)
  78. 10626 points, 1 submission: bigbenxx
    1. Checking the Bitcoin price at work: (10626 points, 328 comments)
  79. 10419 points, 1 submission: EMC2_trooper
    1. I see it every day. (10419 points, 289 comments)
  80. 10330 points, 1 submission: LAH92
    1. The latecomer’s BTC journey (10330 points, 271 comments)
  81. 10324 points, 1 submission: old-man-blorp
    1. It would be so easy then (10324 points, 222 comments)
  82. 10187 points, 1 submission: mrtambourineman89
    1. BTC Grandpa already doubled his profit. (10187 points, 597 comments)
  83. 10027 points, 2 submissions: David3692
    1. Looking at the price when you invested only what you can afford to lose (7560 points, 744 comments)
    2. Trying to explain to the wife why we should buy more now (2467 points, 260 comments)

Top Commenters

  1. viper2097 (11931 points, 7 comments)
  2. TarAldarion (6814 points, 3 comments)
  3. gonzobon (6174 points, 95 comments)
  4. cxr303 (5782 points, 29 comments)
  5. Annu_Naki (5537 points, 1 comment)
  6. nightspy1309 (5501 points, 1 comment)
  7. stevoli (5476 points, 4 comments)
  8. PineappleFund (5450 points, 45 comments)
  9. gregschoen (5426 points, 21 comments)
  10. gkikoria (5353 points, 1 comment)
  11. StarfighterF104gv2 (5320 points, 2 comments)
  12. devonthed00d (5228 points, 47 comments)
  13. typtyphus (5186 points, 174 comments)
  14. LeeWallis (4989 points, 19 comments)
  15. Graphesium (4956 points, 1 comment)
  16. SirBastian (4640 points, 2 comments)
  17. zomgitsduke (4617 points, 176 comments)
  18. bluethunder1985 (4586 points, 133 comments)
  19. anumoshsad (4494 points, 3 comments)
  20. MagicalTux (4480 points, 111 comments)
  21. Mateo113 (4456 points, 3 comments)
  22. dolan_trumpf (4398 points, 3 comments)
  23. domelane (4157 points, 44 comments)
  24. walloon5 (4143 points, 307 comments)
  25. prelsidente (4088 points, 91 comments)
  26. gozaamaya (4029 points, 5 comments)
  27. maaku7 (3976 points, 63 comments)
  28. basmith7 (3950 points, 1 comment)
  29. Agastopia (3869 points, 6 comments)
  30. toxonaut (3756 points, 1 comment)
  31. Speaking-of-segues (3707 points, 117 comments)
  32. PuckFoloniex (3701 points, 37 comments)
  33. isoldmywifeonEbay (3676 points, 100 comments)
  34. mpbh (3558 points, 14 comments)
  35. tranceology3 (3513 points, 252 comments)
  36. Opfailicon (3493 points, 2 comments)
  37. hallizh (3448 points, 3 comments)
  38. 1Bitcoinco (3446 points, 22 comments)
  39. overtoke (3446 points, 14 comments)
  40. coinx-ltc (3401 points, 3 comments)
  41. Shmeh-Shmeh (3365 points, 3 comments)
  42. SternerCrow (3301 points, 22 comments)
  43. Active2017 (3263 points, 35 comments)
  44. mr_li_jr (3204 points, 29 comments)
  45. abolishpmo (3050 points, 19 comments)
  46. Redcrux (3042 points, 10 comments)
  47. lucky_rabbit_foot (3035 points, 41 comments)
  48. FDisk80 (3027 points, 10 comments)
  49. TheGreatMuffin (3009 points, 189 comments)
  50. HazyPeanut (3000 points, 3 comments)
  51. LegendsRoom (2992 points, 58 comments)
  52. 2Panik (2964 points, 5 comments)
  53. fellesh (2952 points, 3 comments)
  54. GenghisKhanSpermShot (2933 points, 171 comments)
  55. suninabox (2929 points, 466 comments)
  56. BlatantConservative (2896 points, 28 comments)
  57. tyrael98 (2891 points, 2 comments)
  58. mbrochh (2890 points, 100 comments)
  59. hungry4donutz (2866 points, 3 comments)
  60. WhoNeedsFacts (2809 points, 2 comments)
  61. greatbawlsofire (2792 points, 2 comments)
  62. pg3crypto (2791 points, 67 comments)
  63. Anon7216 (2791 points, 13 comments)
  64. togetherwem0m0 (2789 points, 64 comments)
  65. StrictlyOffTheRecord (2787 points, 4 comments)
  66. jonivaio (2777 points, 3 comments)
  67. BTCChampion (2752 points, 11 comments)
  68. yung_yas (2752 points, 3 comments)
  69. Chowdahhhh (2744 points, 4 comments)
  70. ADustedEwok (2723 points, 8 comments)
  71. CONTROLurKEYS (2715 points, 303 comments)
  72. strange_fate (2671 points, 36 comments)
  73. Downvotesohoy (2664 points, 6 comments)
  74. daghanerdonmez (2646 points, 5 comments)
  75. Saschb2b (2633 points, 1 comment)
  76. ebaley (2627 points, 1008 comments)
  77. catVdog123 (2619 points, 67 comments)
  78. ducksauce88 (2593 points, 280 comments)
  79. leroyyrogers (2593 points, 39 comments)
  80. PM_UR_UGLY_SWEATERS (2582 points, 9 comments)
  81. Cryptolution (2575 points, 310 comments)
  82. CryptoBobs (2530 points, 3 comments)
  83. Beckneard (2527 points, 39 comments)
  84. gbitg (2515 points, 85 comments)
  85. Kooriki (2511 points, 220 comments)
  86. ILikeToSayHi (2475 points, 24 comments)
  87. SPOKANARCHY (2472 points, 1 comment)
  88. letterboxmind (2469 points, 102 comments)
  89. lawmaster99 (2447 points, 30 comments)
  90. Reverend_James (2445 points, 74 comments)
  91. time_wasted504 (2439 points, 88 comments)
  92. TheBoyChris (2432 points, 4 comments)
  93. Frogolocalypse (2409 points, 518 comments)
  94. lriccardo (2388 points, 119 comments)
  95. __Vet__ (2372 points, 53 comments)
  96. ep1939 (2358 points, 133 comments)
  97. BBA935 (2339 points, 22 comments)
  98. Marcion_Sinope (2333 points, 210 comments)
  99. beamybeams (2323 points, 12 comments)
  100. Sawyeee (2309 points, 2 comments)

Top Submissions

  1. It's official! 1 Bitcoin = $10,000 USD by LeeWallis (48506 points, 4587 comments)
  2. The last 3 months in 47 seconds. by Tricky_Troll (48474 points, 790 comments)
  3. It's over 9000!!! by wolfwolfz (42429 points, 3170 comments)
  4. Everyone who's trading BTC right now by buttockpain (42048 points, 804 comments)
  5. I hope James is doing well by KINNAHZ (29323 points, 1242 comments)
  6. Weeeeeeee! by trance929 (29123 points, 1530 comments)
  7. Bitcoin.. The King by Xtreme110 (28328 points, 1178 comments)
  8. Nothing can increase by that much and still be a good investment. by benjaminikuta (28063 points, 1318 comments)
  9. This is why I want bitcoin to hit $10,000 by Kittstar123 (26949 points, 918 comments)
  10. Bitcoin Doesn't Give a Fuck. by Tricky_Troll (26322 points, 1505 comments)

Top Comments

  1. 11914 points: viper2097's comment in I hope James is doing well
  2. 9195 points: deleted's comment in possibly the worst thing about this crash...
  3. 6799 points: TarAldarion's comment in It's official! 1 Bitcoin = $10,000 USD
  4. 6589 points: deleted's comment in Nothing can increase by that much and still be a good investment.
  5. 6158 points: deleted's comment in My brother killed himself because of BTC
  6. 5537 points: Annu_Naki's comment in What he would be wishing now? 😂
  7. 5501 points: nightspy1309's comment in BTC dropping due to lack of quality 11k memes. Closest support line is at 9k Vegeta memes.
  8. 5410 points: stevoli's comment in Insider tip: BTC is going to skyrocket in the next 48 hours
  9. 5353 points: gkikoria's comment in Weeeeeeee!
  10. 5325 points: cxr303's comment in Guys, I am out
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Is Bitcoin Going To Pump? BTC Price Prediction Today  NEWS & Market Analysis  JUNE 2020 Bitcoin & Cryptocurrencies by Princeton - YouTube BITCOIN COULD SUDDENLY DUMP TO THIS PRICE DUE TO THIS RARE PATTERN (btc market prediction news today Bitcoin Price Prediction 2020 Bitcoin Big Move Incoming?  BTC  Price Prediction Today  NEWS & Market Analysis  JULY 2020

So, it looks like, payment-wise, we're in good shape, Bitcoin is a good currency to base a prediction market off of. In terms of doing settlement, it's fairly hard. You could draw up some contracts using reality keys, where you have a position based on some future event, but there's no way on Bitcoin to really trade that position. Bitcoin: Princeton Researcher Receives $500k National Science Foundation Cryptocurrency Grant Let's Talk Bitcoin blog, Jul 22, 2014 Bitcoin: Can Bitcoin Help Predict the Future? Coindesk, May 14, 2014 Bitcoin: Princeton Researchers Developing Bitcoin-Based Prediction Market Coindesk, Jan 06, 2014 Bitcoin Researchers at Princeton University are seeking to use Bitcoin to build a predictions market that will allow users to invest in speculations about future events. Offered by Princeton University. To really understand what is special about Bitcoin, we need to understand how it works at a technical level. We’ll address the important questions about Bitcoin, such as: How does Bitcoin work? What makes Bitcoin different? How secure are your Bitcoins? How anonymous are Bitcoin users? What determines the price of Bitcoins? Cryptocurrency, an encrypted, peer-to-peer network for facilitating digital barter, is a technology developed eight years ago. Bitcoin, the first and most popular cryptocurrency, is paving the way

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Is Bitcoin Going To Pump? BTC Price Prediction Today NEWS & Market Analysis JUNE 2020

In this video I do an analysis and prediction of Bitcoins future price and forecast. I also do a price analysis of ChainLink (LINK BTC) today. Looking for Alts? itcoin Price Prediction Today Targets Market Analysis This playlist consists of the daily video updates for BTC USD. We conduct indepth market analysis on Bitcoin and provide with high ... BITCOIN SETUP FOR HUUUGE BULL RALLY?!! 💰Crypto Analysis TA Today & BTC Cryptocurrency Price News Now - Duration: 13:38. Crypto Kirby Trading 13,976 views 13:38 Bitcoin price prediction & technical analysis: 2020, 2021, 2022, 2023, 2024, 2025. Where to buy bitcoin, how to buy bitcoin? Buy / Sell bitcoin on the best c... In this video I give you my Bitcoin price prediction 2020 also I give you 6 reason why bitcoin can go up in the future. ... How To Tell When A Market Is Tradable - Duration: 9:26. Technical FX ...

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