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We should develop advanced AI and put it in charge of bitcoin development? Because we as Humans could never achieve total bias and emotion less judgement.
Who in the world controls the bitcoin? I don't understand where it appeared and how it began to be one of the official currencies?
Who controls the course of Bitcoin?
That's a good thing as well as bad as anyone can open a bitcoin wallet without any verification and this makes it risky as well. The prices are manipulated by exchanges/markets and the coins in a wallet are controlled by the owner of the wallet via a private key.Who controls the course of Bitcoin?
http://bluematt.bitcoin.ninja/2016/01/14/decentralization/
Users will lose trusts to it. And whoever controls it can probably have it all by themselves. Users are going to move to another coin.Quote
Bitcoiners, from Bitcoin Core developers to long-time Bitcoin enthusiasts to recent /r/Bitcoin discoverers, love to talk about how Bitcoins decentralization is its ultimate feature. Rarely, however, do you see anyone explain why decentralization matters - surely its an interesting property from a computer science perspective, but why should consumers, businesses or investors care? This post is an attempt to write out why decentralization is foundational to Bitcoins utility and, somewhat more importantly, set up future posts talking about when it isnt.
When Bitcoiners talk about decentralization, the first thing that comes up is Bitcoins oft-touted lack of inherent third-party trust. While well-placed trust is a requirement for many systems to operate efficiently, when trust has been misplaced systems can become incredibly fragile. Take, for example, trust in US banks before the establishment of the FDIC. While access to banking services allowed for more convenience and allowed many companies to operate more efficiently, banks were known to collapse, taking all customer funds with them. While the introduction of the FDIC and similar programs decentralized trust in financial institutions from one party to two, transactions in much of the world do not offer such protections. Even with such programs, individuals are not universally protected from loss across borders and over certain value.
More recently, regulations which allow individual government officials to seize assets unilaterally have become common. Especially in the US, the now infamous Operation Choke Point and civil asset forfeiture programs have allowed law enforcement officials and private institutions to seize financial assets and deny financial services with little to no oversight. Thus, removing trusted custodians and creating a system with liquid, unseizable assets has the potential to provide more reliable financial services to many who might otherwise not be able to operate efficiently, or at all. This unseizability of Bitcoin is made possible only through its lack of a centralized trust requirement. While centralized e-cash and financial systems have tried to provide such reliability, regulations and business realities have nearly universally prevented it.
A highly-related property that is equally important to the ability of Bitcoin to provide financial services to whistleblowers, foreign dissidents, and porn stars is its transaction censorship resistance. While the ability of third parties to seize assets results in direct and clear monetary loss, freezing assets can have a similar effect. When an individual or organization is no longer able to make transactions to use their assets to pay for goods and services, their financial assets quickly lose their value. While Bitcoin has a very solid unseizeability story (namely that every party in the system enforces the inability of anyone to spend Bitcoin without the associated private key), its censorship resistance story is a bit more nuanced.
In a world where no Bitcoin miners have more than 1% of total hash power (or something else equivalently decentralized), it should be easy to find a miner which is either anonymous and accepting all transactions or in a jurisdiction which is not attempting to censor your transactions. Of course this isnt the world we have today, and transaction censorship is one of the bigger reasons to be seriously concerned with mining centralization (for full nodes). Still, the ability of an individual to purchase hashpower (in the form of readily-available old hardware or in the form of renting it) to mine their otherwise-censored transaction is an option as long as the longest-chain rule remains in place across miners. While significantly more expensive than it would be in a truly-decentralized Bitcoin, this does allow Bitcoin to retain some of its anti-censorship properties.
If youve been around Bitcoin for long enough, you may recognize the above properties as critical to fungibility. A key property in any monetary instrument, fungibility refers to the idea that the value of one unit should be exactly equivalent to every other unit. Without unfreezeability/censorship-resistance and unseizeability, Bitcoin (and any monetary system) starts to lose fungibility. Without it, merchants and payment processors are no longer able to reasonably accept Bitcoin without checking it against a series of blacklists and jumping through hoops to ensure they will be able to spend the Bitcoin they are accepting. If confidence in Bitcoins fungibility erodes, its utility could be significantly eroded.
Another property that Bitcoin derives from its decentralization is its open-access. Often exclaimed as one of the most interesting properties of Bitcoin by silicon valley investors, many like to refer to Bitcoin as permissionless. The ability of anyone, anywhere in the world, with little more than an internet connection, to accept Bitcoin for goods and services and use Bitcoin to purchase goods and services without significant hassle is exciting. Again, this property hinges on Bitcoins decentralization. While many centralized financial service providers exist, many of which tout their availability to anyone, their very presence as a centralized authority which may deny service arbitrarily makes them susceptible to future policy changes for any number of reasons. PayPal, for example, was founded on the ideals of universal access to ecash. However, due to its position as a central authority, it quickly changed its policies in order to comply with the pressure placed on them both by regulators and the policies of the existing financial system, on which PayPal relied. These days, PayPal is widely known to freeze accounts and seize assets with little or no warning. Fundamentally, reliance on centralized parties for service is incompatible with universal open-access in the financial world.
Youll note that all of the critical features above, the ones that make Bitcoin so exciting to all of us, can be effectively implemented, for some time, by a centralized system. And, in fact, this has been done before, in much more efficient systems than Bitcoin. Of course theyve never lasted, losing critical properties after tweaks to fix one thing or another, implementing regulatory censorship systems directly into the base layers, limiting access to grow profits and shutting down entirely. Really, decentralization in Bitcoin is not itself a feature, but is instead the only way we know of to obtain the features we want in human-operated systems (with a single class of exceptions, but thats for another post :p).
When Bitcoiners talk about decentralization, the first thing that comes up is Bitcoins oft-touted lack of inherent third-party trust. While well-placed trust is a requirement for many systems to operate efficiently, when trust has been misplaced systems can become incredibly fragile. Take, for example, trust in US banks before the establishment of the FDIC. While access to banking services allowed for more convenience and allowed many companies to operate more efficiently, banks were known to collapse, taking all customer funds with them. While the introduction of the FDIC and similar programs decentralized trust in financial institutions from one party to two, transactions in much of the world do not offer such protections. Even with such programs, individuals are not universally protected from loss across borders and over certain value.
More recently, regulations which allow individual government officials to seize assets unilaterally have become common. Especially in the US, the now infamous Operation Choke Point and civil asset forfeiture programs have allowed law enforcement officials and private institutions to seize financial assets and deny financial services with little to no oversight. Thus, removing trusted custodians and creating a system with liquid, unseizable assets has the potential to provide more reliable financial services to many who might otherwise not be able to operate efficiently, or at all. This unseizability of Bitcoin is made possible only through its lack of a centralized trust requirement. While centralized e-cash and financial systems have tried to provide such reliability, regulations and business realities have nearly universally prevented it.
A highly-related property that is equally important to the ability of Bitcoin to provide financial services to whistleblowers, foreign dissidents, and porn stars is its transaction censorship resistance. While the ability of third parties to seize assets results in direct and clear monetary loss, freezing assets can have a similar effect. When an individual or organization is no longer able to make transactions to use their assets to pay for goods and services, their financial assets quickly lose their value. While Bitcoin has a very solid unseizeability story (namely that every party in the system enforces the inability of anyone to spend Bitcoin without the associated private key), its censorship resistance story is a bit more nuanced.
In a world where no Bitcoin miners have more than 1% of total hash power (or something else equivalently decentralized), it should be easy to find a miner which is either anonymous and accepting all transactions or in a jurisdiction which is not attempting to censor your transactions. Of course this isnt the world we have today, and transaction censorship is one of the bigger reasons to be seriously concerned with mining centralization (for full nodes). Still, the ability of an individual to purchase hashpower (in the form of readily-available old hardware or in the form of renting it) to mine their otherwise-censored transaction is an option as long as the longest-chain rule remains in place across miners. While significantly more expensive than it would be in a truly-decentralized Bitcoin, this does allow Bitcoin to retain some of its anti-censorship properties.
If youve been around Bitcoin for long enough, you may recognize the above properties as critical to fungibility. A key property in any monetary instrument, fungibility refers to the idea that the value of one unit should be exactly equivalent to every other unit. Without unfreezeability/censorship-resistance and unseizeability, Bitcoin (and any monetary system) starts to lose fungibility. Without it, merchants and payment processors are no longer able to reasonably accept Bitcoin without checking it against a series of blacklists and jumping through hoops to ensure they will be able to spend the Bitcoin they are accepting. If confidence in Bitcoins fungibility erodes, its utility could be significantly eroded.
Another property that Bitcoin derives from its decentralization is its open-access. Often exclaimed as one of the most interesting properties of Bitcoin by silicon valley investors, many like to refer to Bitcoin as permissionless. The ability of anyone, anywhere in the world, with little more than an internet connection, to accept Bitcoin for goods and services and use Bitcoin to purchase goods and services without significant hassle is exciting. Again, this property hinges on Bitcoins decentralization. While many centralized financial service providers exist, many of which tout their availability to anyone, their very presence as a centralized authority which may deny service arbitrarily makes them susceptible to future policy changes for any number of reasons. PayPal, for example, was founded on the ideals of universal access to ecash. However, due to its position as a central authority, it quickly changed its policies in order to comply with the pressure placed on them both by regulators and the policies of the existing financial system, on which PayPal relied. These days, PayPal is widely known to freeze accounts and seize assets with little or no warning. Fundamentally, reliance on centralized parties for service is incompatible with universal open-access in the financial world.
Youll note that all of the critical features above, the ones that make Bitcoin so exciting to all of us, can be effectively implemented, for some time, by a centralized system. And, in fact, this has been done before, in much more efficient systems than Bitcoin. Of course theyve never lasted, losing critical properties after tweaks to fix one thing or another, implementing regulatory censorship systems directly into the base layers, limiting access to grow profits and shutting down entirely. Really, decentralization in Bitcoin is not itself a feature, but is instead the only way we know of to obtain the features we want in human-operated systems (with a single class of exceptions, but thats for another post :p).
Chinese miners are pushing hard to get some kind of progress in the blocksizelimitbitchfest
post your appreciation below:
Lots of best wishes for them. We need to appreciate them as they are working lot for all of us.. Good luck guys..post your appreciation below:
I hate advertisements.
Well I should qualify that - the way this web site does advertisements is fine, and if I see one here for something I am interested in I am very likely to click the link.
I hate advertisements that use JavaScript hovers and multimedia that auto-plays.
I don't use an advertisement blocker because I believe web sites need some way to monetize.
I do use Privacy Badger extension to FireFox because those advertisements do not have a right to track me, and that blocks quite a few, but not all.
Anyway I would gladly pay something like 25 cents an hour in micropayments to my favorite new sources etc. to read their content advertisement free. I believe Lightning Network will make that possible without bloating the blockchain with constant micropayments.
Your thoughts?
All amounts of btc exchange should be allow to go through via the blokchain, that's a must for the very existence of bitcoin.Well I should qualify that - the way this web site does advertisements is fine, and if I see one here for something I am interested in I am very likely to click the link.
I hate advertisements that use JavaScript hovers and multimedia that auto-plays.
I don't use an advertisement blocker because I believe web sites need some way to monetize.
I do use Privacy Badger extension to FireFox because those advertisements do not have a right to track me, and that blocks quite a few, but not all.
Anyway I would gladly pay something like 25 cents an hour in micropayments to my favorite new sources etc. to read their content advertisement free. I believe Lightning Network will make that possible without bloating the blockchain with constant micropayments.
Your thoughts?
Re: So the bitcoin classic (2MB) coup was compromised?
As a result of the Beijing conference, the mining farm agrees to stick with bitcoin core and 1M plan.
Apparently they couldn't afford to lose the user base and the risk of their ASICs being rendered useless.
bitcoin酱：矿工缩了
http://8btc.com/thread-28217-1-1.html
http://8btc.com/data/attachment/forum/201601/20/174139fcy8sjm88ysyyy51.png.thumb.jpg
They are trying to convince people to dump their BTC so the price crashes and it becomes useless.Apparently they couldn't afford to lose the user base and the risk of their ASICs being rendered useless.
bitcoin酱：矿工缩了
http://8btc.com/thread-28217-1-1.html
http://8btc.com/data/attachment/forum/201601/20/174139fcy8sjm88ysyyy51.png.thumb.jpg
Re: What strategy you use to trade bitcoin?
What strategy you use to trade bitcoin?
I just look at the coin price statistics, and will guess where they lead later, but sometimes I see the famous coin prices are down from haarga normal, that's when I tradeRe: f2pool has provided an option to miners to express opinion on 2mb debate
The plot thickens...
Tweet by Jihan Wu (Antpool):
https://twitter.com/jihanwu/status/702690083590135808
Replies:
https://twitter.com/TheBlueMatt/status/702703181193568256
Reply to Matt Corallo:
https://twitter.com/AwfulCrawler/status/702713519452499968
What kind of system are they employing in order to ask the miners for their opinion? Different stratums like one pool did earlier? Maybe they're just polling their users.Tweet by Jihan Wu (Antpool):
https://twitter.com/jihanwu/status/702690083590135808
Quote
We have noticed that f2pool has provided an option to individual miners to express what they are thinking about on the 2MB debate.
Replies:
https://twitter.com/TheBlueMatt/status/702703181193568256
Quote
@JihanWu Thats a shame. I hope at least Bitmain will honor the agreement we all signed less than a week ago
Reply to Matt Corallo:
https://twitter.com/AwfulCrawler/status/702713519452499968
Quote
@TheBlueMatt @JihanWu Maybe he meant to sign only as an 'individual'. These things happen.
Re: Why do people use so many Bitcoin wallets?
Just wondering why people use so many Bitcoin wallets.
I dont have a lot of btc but what i do have is often send between my wallets to test different apps.I also do this because not only does it spread the risk but lets say you have 0.001btc in 1 wallet and it disapears then you know your phone or computer has been compromised.
Re: All new nodes are virtual server ... attack in progress to switch to 2Mb
Quote
Official Classic Team
Development
Gavin Andresen
Jeff Garzik
Pedro Pinheiro
Tom Zander
Jon Rumion
Mining
Marshall Long
Facilitator
Olivier Janssens
External advisors
Jonathan Toomim
Peter Rizun
Development
Gavin Andresen
Jeff Garzik
Pedro Pinheiro
Tom Zander
Jon Rumion
Mining
Marshall Long
Facilitator
Olivier Janssens
External advisors
Jonathan Toomim
Peter Rizun
https://coin.dance/nodes
http://imagize[Suspicious link removed]ageshack.us/a/img921/8533/aXHsQK.png
![http://imagize[Suspicious link removed]ageshack.us/a/img921/8533/aXHsQK.png](http://imagize[Suspicious link removed]ageshack.us/a/img921/8533/aXHsQK.png){kind=link}
http://imagize[Suspicious link removed]ageshack.us/a/img911/9066/oaDOZi.gif Shit hit the fan ! http://imagize[Suspicious link removed]ageshack.us/a/img907/205/fjG70T.gif
![http://imagize[Suspicious link removed]ageshack.us/a/img911/9066/oaDOZi.gif](http://imagize[Suspicious link removed]ageshack.us/a/img911/9066/oaDOZi.gif){kind=link}
![http://imagize[Suspicious link removed]ageshack.us/a/img907/205/fjG70T.gif](http://imagize[Suspicious link removed]ageshack.us/a/img907/205/fjG70T.gif){kind=link}
Maybe i should run a full node in VPS.
Re: Retail Giant Overstock to Issue its Own Stock on Blockchain Platform
Retail Giant Overstock to Issue its Own Stock on Blockchain Platform
For its tØ stock, Bagley said Overstock is using a permissioned ledger to manage shares, but that transactions will be batched and hashed against the bitcoin blockchain for additional transparency.
http://www.coindesk.com/overstock-blockchain-stock/
some mix of permissioned ledger and bitcoin but a start
I don't know how that works but if this is the case then I'm all ears. I'd love it if stock markets were open 24 hours/day but I'm sure it doesn't exactly mean that.For its tØ stock, Bagley said Overstock is using a permissioned ledger to manage shares, but that transactions will be batched and hashed against the bitcoin blockchain for additional transparency.
http://www.coindesk.com/overstock-blockchain-stock/
some mix of permissioned ledger and bitcoin but a start
Re: What is Blockchain transaction fee for small amounts ?
Hi everyone !
I want to know What is Blockchain transaction fee for small amounts ? For Example If i send 0.05$ worth of BTC from my blockchain wallet to other wallet, what would be the fee I must pay for that transaction ?
And Thanks
if you use a less fee specially for an extremely small transaction there is a serious possibility it will never get confirmed and it may be dropped.I want to know What is Blockchain transaction fee for small amounts ? For Example If i send 0.05$ worth of BTC from my blockchain wallet to other wallet, what would be the fee I must pay for that transaction ?
And Thanks
Just had a question. Ive been working on some ideas that may or may not work with bitcoin and other coins. The problem is I do not know who to contact to suggest these ideas. I'm just a average Joe with no programming exp. and one particular idea I have will really improve how people send and receive things over the block chain. Please if anyone could possible point me in the right direction with someone who can discuss my ideas I know they will be a great help to bitcoins future.
you are right may by some big company's can, like blockchain or so, but still that is not sure I think..Is there any imaginable way to reverse that transaction or remedy it in anyway? Could it have been on purpose? Some ledger manipulation thing or something, or was just fat fingered?
Re: Bitcoin download speed singularity inevitable with Bitcoin Classic
I`ve already had a thread talking about download speed singularity, but now let's apply this problem to Bitcoin Classic.
Block size download speed singularity = Block size is so big, that it takes more than 10 minutes to download 1 block, so that a new block will form while you barely downloaded the previous one. Which means that you can never download the blockchain, and it will become an isolated, centralized entity, as nobody could download it, but the ultra fast internet owners, or the blockchain breaks up.
This is similar to how our universe is expanding, the OBSERVABLE UNIVERSE is an inverse singularity, because nothing can escape it ,and everything is trapped in it. Therefore, if the block size were to become like 1 TB, then obviously it will become impossible to download it in 10 minutes and therefore bitcoin ends as we know it.
Ok now this is a remote situation, and I get it , blassic wants a 2-4-8 mb block size, and the situation with 1 TB block size will be far in the future.
However there is another singularity, that is much closer, and much more worrysome: The Blockchain Size Download Speed Singularity
The Blockchain Size Download Speed Singularity = The blockchain itself is so big, that it is impossible to download it all from the start, and by the time you download it, it grows even more. So in the previous issue, you already had the blockchain somewhat up to date and you only needed the new blocks, which was impossible to download. But in this example, you are a fresh user, and want to grab the entire blockchain, which it will become impossible, because the daily max bandwidth will be a tiny fraction of the entire blockchain size.
This means that if the block size becomes say 64mb in the foreseeable say 6-7 years that would mean that it grows 9 GB/DAY, and if you want to download it from the start, a blockchain of 1-2 petabyte size by then, it would become impossible to download it, or very unfeasable.
This means that only existing nodes can hold the bitcoin, and there will be no new nodes, and it will become instantly centralized.
So if the Classic people want eventually 64-128-256 mb blocks, then this singularity will become inevitable, and it would destroy decentralized bitcoin as we know it.
This is another huge flaw Classic has, but it has been swept under the rug, so I`m here to expose this flaw.
I would like to point out that fiber-optic cables are going to be increasing the download speeds of normal people over the next decade, so maybe having the blockchain as >1Tb isn't something that would be completely detrimental? Sure they wouldn't be able to implement it quickly, but it could be implemented.Block size download speed singularity = Block size is so big, that it takes more than 10 minutes to download 1 block, so that a new block will form while you barely downloaded the previous one. Which means that you can never download the blockchain, and it will become an isolated, centralized entity, as nobody could download it, but the ultra fast internet owners, or the blockchain breaks up.
This is similar to how our universe is expanding, the OBSERVABLE UNIVERSE is an inverse singularity, because nothing can escape it ,and everything is trapped in it. Therefore, if the block size were to become like 1 TB, then obviously it will become impossible to download it in 10 minutes and therefore bitcoin ends as we know it.
Ok now this is a remote situation, and I get it , blassic wants a 2-4-8 mb block size, and the situation with 1 TB block size will be far in the future.
However there is another singularity, that is much closer, and much more worrysome: The Blockchain Size Download Speed Singularity
The Blockchain Size Download Speed Singularity = The blockchain itself is so big, that it is impossible to download it all from the start, and by the time you download it, it grows even more. So in the previous issue, you already had the blockchain somewhat up to date and you only needed the new blocks, which was impossible to download. But in this example, you are a fresh user, and want to grab the entire blockchain, which it will become impossible, because the daily max bandwidth will be a tiny fraction of the entire blockchain size.
This means that if the block size becomes say 64mb in the foreseeable say 6-7 years that would mean that it grows 9 GB/DAY, and if you want to download it from the start, a blockchain of 1-2 petabyte size by then, it would become impossible to download it, or very unfeasable.
This means that only existing nodes can hold the bitcoin, and there will be no new nodes, and it will become instantly centralized.
So if the Classic people want eventually 64-128-256 mb blocks, then this singularity will become inevitable, and it would destroy decentralized bitcoin as we know it.
This is another huge flaw Classic has, but it has been swept under the rug, so I`m here to expose this flaw.
Re: Sponsorship packages for Bitcoin conference
Hello all,
I am helping to organize a Bitcoin conference in Saigon.
I am not at liberty to release details just yet, but we will begin contacting potential sponsors within the next month.
Would anybody be able to point me to some examples of past sponsorship packages from previous conferences?
About all we have to offer sponsors is exposure if that helps to tailor your advice.
Cheers,
Chris
you are right I've looked around a bit and it seems that it unusually tends to be on a custom/contact basis. However, I've found one list that might be of help to you:inside bitcoinI am helping to organize a Bitcoin conference in Saigon.
I am not at liberty to release details just yet, but we will begin contacting potential sponsors within the next month.
Would anybody be able to point me to some examples of past sponsorship packages from previous conferences?
About all we have to offer sponsors is exposure if that helps to tailor your advice.
Cheers,
Chris
Re: First major bank has embraced bitcoin adding it to their services
Here's the article:
http://bravenewcoin.com/news/retail-bank-integrates-bitcoin-service/
USAA = United Services Automobile Association
i think It's only useful to people who would trust online wallets. Does these mean both of these companies now have access to your private keys or only coinbase.http://bravenewcoin.com/news/retail-bank-integrates-bitcoin-service/
Quote
Following a four month pilot program, USAA members can now view the balance of their Coinbase account, alongside the rest of their USAA accounts and financial services.
The financial services group made a major investment in Coinbase, during the US$75 million Series C fundraising round in January 2015, alongside The New York Stock Exchange and BBVA Ventures.
In order for USAA customers to add their Coinbase account, they only need to go to their accounts summary page, add the account, and sign into Coinbase. From there onwards, Coinbase wallet and vault balances will show up inside of their USAA online and mobile accounts, underneath the My Accounts Summary page.
The financial services group made a major investment in Coinbase, during the US$75 million Series C fundraising round in January 2015, alongside The New York Stock Exchange and BBVA Ventures.
In order for USAA customers to add their Coinbase account, they only need to go to their accounts summary page, add the account, and sign into Coinbase. From there onwards, Coinbase wallet and vault balances will show up inside of their USAA online and mobile accounts, underneath the My Accounts Summary page.
USAA = United Services Automobile Association
It deserves its very own thread. Who else got jailed because of Bitcoin?
Honorable Mentions: (close call)
Im not sure if he is already on jail but he should eventually get there, even tho he will probably leave sooner than later and still be really rich when he leaves.| No. | Convict | Crime |
| 1) | Charlie Shrem | Money Laundering |
| 2) | Trendon Shavers | Ponzi Scheme |
| 3) | Ross Ulbricht | Silk Road |
| 4) | Carl Force | Extortion of Ross Ulbricht |
| 5) | Shaun Bridges | Secret Service - Theft |
| 6) | Pascal Reid | LocalBitcoins |
| 7) | Michell Abner Espinoza | LocalBitcoins |
 | Mark Karpeles | MtGox |
| 9) | Yuen Long | MyCoin Fraud |
| 10) | Tin Shui Wai | MyCoin Fraud |
| 11) | Wong Tai Sin | MyCoin Fraud |
| 12) | Robert Faiella | LocalBitcoins |
| 13) | John Powell | Unlicensed Money Business |
| 14) | Ali Shukri Amin | Bitcoin Aid to Isis |
| 15) | Yuri Lebedev | Unlicensed Money Business |
| 16) | Anthony Murgio | Unlicensed Money Business |
| 17) | Richard Petix | Unlicensed Money Transmission |
| 18) | Pankaj Bharadwaj | Debit Card Fraud |
Honorable Mentions: (close call)
| #) | Burton Wagner | Unlicensed Money Transmission |
| #) | Brian Mycon | Gaming Website |
Re: How many people own 21 BTC aproximately?
How many people would you say that own 21 BTC approximately nowadays? What % you are at if you own 21 BTC?
I know it's hard to guesstimate since we can't know how many people how X addresses, but maybe there is some way to make a reasonable stimulation.
I ask this because a lot of people have this dream of owning 21 BTC as a storage of value for the very long term (10+ years). I think it's excellent advice, to own this amount on the most important network ever. I also dream to reach that amount before it's too late, so im hoping the price stays where it's at before we break ATH again.
I do not own that amount and for me, holding one bitcoin is good amount for my finanical situation now.I know it's hard to guesstimate since we can't know how many people how X addresses, but maybe there is some way to make a reasonable stimulation.
I ask this because a lot of people have this dream of owning 21 BTC as a storage of value for the very long term (10+ years). I think it's excellent advice, to own this amount on the most important network ever. I also dream to reach that amount before it's too late, so im hoping the price stays where it's at before we break ATH again.
Re: Download the blockchain, updated 1 apr 2016
Size: 53GB
Uncompressed size: 69.4GB
Format: compressed zip contains everything inside bitcoin data directory.
Magnet link
Donation address: 15HmMPLeqzX3Tpfy1xhxqhCpPnCt5axENU
This might be a lot of things and not blockchain data. You have to excuse people for being cautious about it.Uncompressed size: 69.4GB
Format: compressed zip contains everything inside bitcoin data directory.
Magnet link
Donation address: 15HmMPLeqzX3Tpfy1xhxqhCpPnCt5axENU
And in addition now when we can run Bitcoin Core in prune mode there is a little less incentive to download blochaing data.