Electrum wallet review 2020 Features & fees Finder.com

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?

BACKGROUND
Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves.
On Dec 18 2017 Subhan Nadeem has pointed out that: If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again.
On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool. Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that this is an important data point that indicates if just a few major exchanges would deploy SegWit the high fees bitcoin is experiencing would be eliminated.
SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below.
ACTION STEPS
  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
  4. Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption.
IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.
BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING
Batching is another great way that exchanges can reduce their fees. See: Saving up to 80% on Bitcoin transaction fees by batching payments. Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk.
Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: Google Doc - Lightning Exchanges. Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018
MEMPOOL/SEGWIT STATISTICS
NEWS/DEVELOPMENTS/VICTORIES
SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS
Exchange Segwit Status Batching Status
Binance NOT READY Yes
Bitfinex Ready Yes
Bitonic Ready Yes
Bitstamp Deployed Yes
Bittrex ? Yes
Coinbase/GDAX NOT READY No
Gemini Ready No
HitBTC Deployed Yes
Huboi ? ?
Kraken Deployed Yes
LocalBitcoins Deployed Yes
OKEx ? ?
Poloniex ? Yes
QuadrigaCX Deployed Yes
Shapeshift Deployed No
Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates
Source 1: BitcoinCore.org
Source 2: /Bitcoin
Official statements from exchanges:
SELECTED WALLETS THAT HAVE SEGWIT ALREADY
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android
SegWitAddress.org Paper
FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?
No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now.
Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else?
SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Once Segwit is FULLY adopted, what do we see the fees/transaction times going to?
Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
What determines bitcoin transaction fees, to begin with?
Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first.
Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?
The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address.
A transaction between two SegWit addresses is a SegWit transaction.
A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.
Source: HowToToken
What wallet are you using to "batch your sends"? And how can I do that?
Using Electrum, the "Tools" menu option: "Pay to many".
Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
Why doesn't the Core Wallet yet support SegWit?
The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?
Draw your own conclusions based on their own words:
March 2016 - Coinbase CEO Brian Armstrong has reservations about Core
Dec 2017 - Coinbase is STILL working on Segwit
P2SH/bech32 FAQs
What are the two SegWit address formats and why do they exist?
It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would.
Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses.
Source: BTCManager.com
What is the difference in address format between SegWit address formats P2SH and bech32?
P2SH starts with "3..."
bech32 starts with "bc1..."
Which addresses can I send from/to?
P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility
bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum
Source: BitcoinTalk.org
Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not?
The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32.
SEGWIT BLOG GUIDES
PREVIOUS DAY'S THREADS
There's lots of excellent info in the comments of the previous threads:
submitted by Bastiat to Bitcoin [link] [comments]

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

BACKGROUND
Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves.
On Dec 18 2017 Subhan Nadeem has pointed out that: If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again.
On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool. Subsequently, that afternoon Brian Armstrong finally had to break his silence on the topic and admitted Coinbase is working on SegWit but has still not deployed it. It appears that the high fees bitcoin is experiencing could be easily addressed and need not exist.
SegWit is just one technique available to exchanges and users to reduce pressure on the Bitcoin network. You can make the switch to SegWit on your next transaction, and pressure exchanges to deploy SegWit NOW along with other actions that will reduce their transaction impact on the network. You can help by taking one or more of the action steps below.
ACTION STEPS
  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. If your wallet is not committed to implementing SegWit fast, speak out online any way you can and turn up the pressure. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
  4. Spread the word! Contact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch. Use social media to point out the benefits of SegWit adoption.
IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.
BEYOND SEGWIT - BATCHING, PAYMENT CHANNELS, LIGHTNING
Batching is another great way that exchanges can reduce their fees. See: Saving up to 80% on Bitcoin transaction fees by batching payments. Despite the benefits of batching, some exchanges have been slow to implement it. Users should demand this or walk.
Beyond SegWit & Batching, Lightning Network integration will have even more effect. Lightning is now active and exchanges could setup payment channels between each other so that on-chain transactions need not take place. Some ideas have to outline how that might work are here: Google Doc - Lightning Exchanges. Which two bitcoin exchanges will be the first to establish a lightning channel between themselves and offer free/instant transfers between them for their customers? This will happen in 2018
MEMPOOL/SEGWIT STATISTICS
NEWS/DEVELOPMENTS/VICTORIES
SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS
Exchange Segwit Status Batching Status
Binance NOT READY Yes
Bitfinex Ready Yes
Bitonic Ready Yes
Bitstamp Deployed Yes
Bittrex ? Yes
Coinbase/GDAX NOT READY No
Gemini Ready No
HitBTC Deployed Yes
Huboi ? ?
Kraken Deployed Yes
LocalBitcoins Deployed Yes
OKEx ? ?
Poloniex ? Yes
QuadrigaCX Deployed Yes
Shapeshift Deployed No
Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates
Source 1: BitcoinCore.org
Source 2: /Bitcoin
Official statements from exchanges:
SELECTED WALLETS THAT HAVE SEGWIT ALREADY
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android
SegWitAddress.org Paper
FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?
No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unnecessary transactions for now.
Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else?
SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Once Segwit is FULLY adopted, what do we see the fees/transaction times going to?
Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
What determines bitcoin transaction fees, to begin with?
Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first.
Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?
The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download the latest version of Electrum to generate a SegWit address.
A transaction between two SegWit addresses is a SegWit transaction.
A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.
Source: HowToToken
What wallet are you using to "batch your sends"? And how can I do that?
Using Electrum, the "Tools" menu option: "Pay to many".
Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
Why doesn't the Core Wallet yet support SegWit?
The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?
Draw your own conclusions based on their own words:
March 2016 - Coinbase CEO Brian Armstrong has reservations about Core
Dec 2017 - Coinbase is STILL working on Segwit
P2SH/bech32 FAQs
What are the two SegWit address formats and why do they exist?
It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to exist wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would.
Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses.
Source: BTCManager.com
What is the difference in address format between SegWit address formats P2SH and bech32?
P2SH starts with "3..."
bech32 starts with "bc1..."
Which addresses can I send from/to?
P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backward compatibility
bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum
Source: BitcoinTalk.org
Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not?
The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32.
SEGWIT BLOG GUIDES
PREVIOUS DAY'S THREADS
There's lots of excellent info in the comments of the previous threads:
submitted by Bastiat to Bitcoin [link] [comments]

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

TL/DR
Bitcoin users can help lower transaction fees and improve bitcoin by switching to SegWit addresses and encourage wallets/exchanges to do the same.
SUMMARY
Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India have already implemented SegWit and are reaping the benefits of reduced transaction fees. If bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed.
Batching is another great way that exchanges can reduce their fees. See: Saving up to 80% on Bitcoin transaction fees by batching payments. Despite the benefits of batching, some exchanges have been slow to implement it.
There is an opportunity now for all bitcoin users to individually contribute to help strengthen and improve the bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing bitcoin and leaving what could turn out to be a multi-generational legacy for humanity.
MEMPOOL/SEGWIT STATISTICS
BACKGROUND
On Dec 18 Subhan Nadeem has pointed out that:
If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
A few thousand bitcoin users from /Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below.
ACTION STEPS
  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
  4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch
IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.
SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS
Exchange Segwit Status Batching Status
Binance NOT READY Yes
Bitfinex Ready Yes
Bitonic Ready Yes
Bitstamp Deployed Yes
Bittrex ? Yes
Coinbase/GDAX NOT READY No
Gemini Ready No
HitBTC Deployed Yes
Huboi ? ?
Kraken Deployed Yes
LocalBitcoins Ready Yes
OKEx ? ?
Poloniex ? Yes
QuadrigaCX Deployed Yes
Shapeshift Deployed No
Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates
Source 1: BitcoinCore.org
Source 2: /Bitcoin
Official statements from exchanges:
SELECTED WALLETS THAT HAVE SEGWIT ALREADY
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android
SegWitAddress.org Paper
FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?
  • No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now.
Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else?
  • SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Once Segwit is FULLY adopted, what do we see the fees/transaction times going to?
  • Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
What determines bitcoin transaction fees, to begin with?
  • Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first.
Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?
  • The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address.
    A transaction between two SegWit addresses is a SegWit transaction.
    A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
    A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.
    Source: HowToToken
What wallet are you using to "batch your sends"? And how can I do that?
  • Using Electrum, the "Tools" menu option: "Pay to many".
    Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
Why doesn't the Core Wallet yet support SegWit?
  • The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?
P2SH/bech32 FAQs
What are the two SegWit address formats and why do they exist?
  • It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would.
    Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses.
    Source: BTCManager.com
What is the difference in address format between SegWit address formats P2SH and bech32?
  • P2SH starts with "3..."
    bech32 starts with "bc1..."
Which addresses can I send from/to?
  • P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility
    bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum
    Source: BitcoinTalk.org
Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not?
  • The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32.
SEGWIT BLOG GUIDES
PREVIOUS DAY'S THREADS
There's lots of excellent info in the comments of the previous threads:
submitted by Bastiat to Bitcoin [link] [comments]

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

TL/DR
Bitcoin users can help lower transaction fees and contribute to bitcoin by switching to SegWit addresses and encourage wallets/exchanges to do the same.
SUMMARY
Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions (Understanding Segregated Witness). Since that time wallets and exchanges have been slow to deploy SegWit, some admitting in December 2017 that they have not even started work on integrating it. Others, such as Zebpay in India have already implemented SegWit and are reaping the benefits of reduced transaction fees. If bitcoin users demand SegWit now it will temporarily relieve the transaction backlog while more even more advanced solutions such as Lightning are developed.
Batching is another great way that exchanges can reduce their fees. See: Saving up to 80% on Bitcoin transaction fees by batching payments. Despite the benefits of batching, some exchanges have been slow to implement it.
There is an opportunity now for all bitcoin users to individually contribute to help strengthen and improve the bitcoin protocol. At this point, the process requires a bit of work/learning on the part of the user, but in doing so you'll actually be advancing bitcoin and leaving what could turn out to be a multi-generational legacy for humanity.
MEMPOOL/SEGWIT STATISTICS
BACKGROUND
On Dec 18 Subhan Nadeem has pointed out that:
If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.
A few thousand bitcoin users from /Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make 80%+ SegWit happen fast. You can help by taking one or more of the action steps below.
ACTION STEPS
  1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit.
  2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
  3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin.
  4. Spread the word! Conact individuals, websites, etc that use bitcoin, explain the benefits of SegWit to everyone, and request they make the switch
IMPORTANT NOTE: The mempool is currently still quite backlogged. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange.
SELECTED TOP EXCHANGES BY BATCHING & SEGWIT STATUS
Exchange Segwit Status Batching Status
Binance NOT READY Yes
Bitfinex Ready Yes
Bitonic Ready Yes
Bitstamp Deployed Yes
Bittrex ? Yes
Coinbase/GDAX NOT READY No
Gemini Ready No
HitBTC Deployed Yes
Huboi ? ?
Kraken Deployed Yes
LocalBitcoins Ready Yes
OKEx ? ?
Poloniex ? Yes
QuadrigaCX Deployed Yes
Shapeshift Deployed No
  • Note: all exchanges that have deployed SegWit are currently only sending to p2sh SegWit addresses for now. No exchange will send to a bech32 address like the ones that Electrum generates
Source 1: BitcoinCore.org
Source 2: /Bitcoin
Official statements from exchanges:
SELECTED WALLETS THAT HAVE SEGWIT ALREADY
Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction
SegWit Enabled Wallets Wallet Type
Ledger Nano S Hardware
Trezor Hardware
Electrum Desktop
Armory Desktop
Edge iOS
GreenAddress iOS
BitWallet iOS
Samourai Android
GreenBits Android
Electrum Android
FAQs
If I'm a HODLer, will it help to send my BTC to a SegWit address now?
  • No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now.
Why is SegWit adoption going so slowly? Is it a time-consuming process, is there risk involved, is it laziness, or something else?
  • SegWit will require some extra work to be done right and securely. Also, most exchanges let the user pay the fee, and up to now users have not been overly concerned about fees so for some exchanges it hasn't been a priority.
Once Segwit is FULLY adopted, what do we see the fees/transaction times going to?
  • Times stay the same - fees will go down. How much and for how long depends on what the demand for transactions will be at that time.
What determines bitcoin transaction fees, to begin with?
  • Fees are charged per byte of data and are bid up by users. Miners will typically include the transaction with the highest fee/byte first.
Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter?
  • The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address.
    A transaction between two SegWit addresses is a SegWit transaction.
    A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.
    A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address.
    Source: HowToToken
What wallet are you using to "batch your sends"? And how can I do that?
  • Using Electrum, the "Tools" menu option: "Pay to many".
    Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.
Why doesn't the Core Wallet yet support SegWit?
  • The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in
Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?
P2SH/bech32 FAQs
What are the two SegWit address formats and why do they exist?
  • It's been a challenge for wallet developers to implement SegWit in a way that users can easily and without too much disruption migrate from legacy to SegWit addresses. The first wallets to enable SegWit addresses – Ledger, Trezor, Core, GreenAddress – use so-called “nested P2SH addresses.” This means they take the existing Pay 2 Script Hash address – starting with a “3” – and put a SegWit address into it. This enables a high grade of compatibility to existing wallets as every wallet is familiar with these addresses, but it is a workaround which results in SegWit transactions needing around 10 percent more space than they otherwise would.
    Electrum 3.0 was the first wallet to use bech32 addresses instead of nested p2sh addresses.
    Source: BTCManager.com
What is the difference in address format between SegWit address formats P2SH and bech32?
  • P2SH starts with "3..."
    bech32 starts with "bc1..."
Which addresses can I send from/to?
  • P2SH Segwit addresses can be sent to using older Bitcoin software with no Segwit support. This supports backwards compatibility
    bech32 can only be sent to from newer Bitcoin software that support bech32. Ex: Electrum
    Source: BitcoinTalk.org
Why did ThePirateBay put up two Bitcoin donation addresses on their frontpage, one bech32 and one not?
  • The address starting with a "3..." is a P2SH SegWit address that can be sent BTC from any bitcoin address including a legacy address. The address starting with a "bc1..." is a bech32 SegWit address that can only be sent to from newer wallets that support bech32.
SEGWIT BLOG GUIDES
PREVIOUS DAY'S THREADS
There's lots of excellent info in the comments of the previous threads:
submitted by Bastiat to Bitcoin [link] [comments]

Rally call: help victims of electrum phishing scam recovery their funds

Background: electrum wallets version 3.3.3 and before have a severe security vulnerability whereby a pop up within the program itself presented a pop up telling the user to download a security update. This updates the user to a fake 4.0.0 version which is then used to send the users funds to the scammers address.
My retired dad fell victim to this and lost over 1btc recently.
https://www.blockchain.com/btc/tx/44aca970cf272d063df76ef8360efd1d97ecc348cf19de365abc37da5acfdb46
Proposed action: it appears that the professionals at malware bytes have done some thorough research into the attacks and the part I would like to pick up on (to cut a long story short) is that the attackers appear to be using a limited set of bitcoin addresses and redirecting the stolen funds to binance and bitfinex.
https://blog.malwarebytes.com/cybercrime/2019/04/electrum-bitcoin-wallets-under-siege/
When cryptopia was hacked I read in the news that binance was able to track and freeze the funds. I have tried to reach out to binance but was only able to reach low level support staff that didn't seem to understand the problem.
Please can you join me in trying to get some recognition by the big exchanges, binance, coinbase, bitfinex, etc... So that the funds can be hopefully confiscated from the criminals or at least prevent them from ever being sold on?
Also the electrum team have an opportunity to do something in the way of putting right the mistake they made by also reaching out to the exchanges and giving the idea some extra traction.
So please help me spread awareness as I firmly believe there is something that can be done if the community and big players in the space band together and take action, and let me know if there are any other actions you can suggest.
submitted by acos0874 to Bitcoin [link] [comments]

Neblio: Ahead of Roadmap and a Blockbuster Breakout in 2018

Neblio is a Proof of Stake (PoS) Blockchain as a Service (BaaS) platform designed and developed to provide enterprise solutions, which uses the Neblio token, NEBL. The Neblio blockchain is a fork of Novacoin, an older coin with origins in 2013, using the Script algorithm. The Neblio team is focused on simplicity within business adoption, starting with RESTful API integration. The Neblio APIs can be used to build applications, or integrated with existing ones, that interact with the Nebio blockchain by storing and accessing transactions and information.
Focus on Simplicity
The Nebio team's focus on simplicity is evident in their development to date. Neblio's Docker setup can be completed in less than one minute, and the Neblio Raspberry Pi wallet can be installed using a single command. Neblio offers an optional bootstrap of their blockchain, called QuickSync, which greatly reduces the time required to setup nodes. Every 24 hours, a compressed snapshot of the Neblio blockchain is uploaded to the team's Github, which is as secure as downloading the entire blockchain via network peers. In the event that blocks were modified by a bad actor, new blocks would be rejected and wouldn't be added onto the chain, resulting in no impact to Neblio's network security. QuickSync can greatly reduce the amount of time required to set up multiple Neblio nodes, as the blockchain would only be required to be downloaded once, rather than once per node. A Bootstrapped wallet setup is an established technology previously used, most notably, with Bitcoin.
Accelerated Roadmap Development
The Neblio roadmap is lofty, desiring to be a blockchain for "worldwide opportunities" and "bring blockchain to the mainstream". Their wide scope is tempered by a narrow focus -- on simplicity. The team is executing quickly, with little hype, and is AHEAD of their roadmap. They have completed multiple wallets, including Windows/MacOS/Linux staking core wallets,and the non-staking Electrum wallets. Coupled with Docker, and the low-energy Raspberry Pi staking wallet, Neblio offers a wide variety of wallet support for their blockchain. Recently, the Neblio team has announced the first API call on the Neblio blockchain, which was expected to occur in 1Q2018. Despite being early in the API development phase, the team once again demonstrated an aggressive attack on the roadmap, establishing confidence that they'll meet, and again succeed, their projected milestone date. Neblio will develop their open-source APIs in multiple languages, including Python, Go, JavaScript, Ruby, .NET, Java, and Node.js. One thing that is most impressive regarding the Neblio roadmap was the team's humble approach to improvement. Multiple instances in their roadmap reference iterative customer feedback and customer-driven design requirements. Additionally, Neblio makes mention in their roadmap of targeting small businesses, and not just Fortune 500 companies, which opens up a huge market that is often glossed over in cryptocurrency news articles. A market where, according to the US Government, small businesses make up 99.7% of United States employers, and almost half of private-sector output. The cryptocurrency market for platforms will not be limited to a single platform, as Ethereum, Lisk, Nem, NEO, EOS, Ardor, or Stratis will not meet the needs of every company looking for blockchain solutions. Marketing to potential clients will begin in 2Q2018, which will help to drive initial Neblio adoption. Execution will drive the long-term success in this space -- and the token price.
The Team
The Neblio team has experience with software development, with the co-founder and lead developer, Eddy Smith working for a Fortune 500 before his current role. The other founder, Ann has notable relevant experience in the space. In the ICO, the team opted not to set aside tokens for the team or future development, and purchased their own tokens to use instead, a decision that showed their dedication to the success of the project. All unsold tokens were burned. Additionally, the Neblio network was fully operational prior to the token sale date. NEBL tokens were immediately deposited to an address, at which point tokens could immediately be exchanged and staked. The Neblio team is growing, currently at four members, including a marketing advisor and developer. They are in a hiring process -- where they have been clear that they prize quality over quantity. The team is approachable, and are involved daily with the Neblio Slack.
Technical Discriminators
The Neblio network offers 10% yearly staking rewards. This is very good, especially considering traditional investments. The high reward locks up assets, encourages holding, and decreases token velocity which influences the long-term, realized, value of tokens. The 10% staking is a true technical and economic discriminator for the blockchain.
Neblio's scalable transactional throughput is ~20-35 Tx/sec, which is superior to Ethereum and Bitcoin.
And lastly, the narrow focus of completing the RESTful APIs allows the team to capitalize on doing a single thing well, reducing the risk (including development costs), while allowing for future expansion of their blockchain, like to sidechains or other developing technologies.
Token Mechanics
Neblio has a very low circulating and total supply, 12.6M and 13.3M, respectively. A large number of the tokenholders stake their tokens on the network, which further reduces liquidity and can result in high volatility and significant price fluctuations. However, this does add a significant upside to the existing price. For example, if Neblio had the market cap of Ardor, a token outside of the top 25, each Neblio token would be $70. It's been clear in the past year that platforms demand a premium, where most of the top tokens by marketcap are platforms, including Ethereum, Lisk, Nem, NEO, EOS, and Stratis. The highest volume of Neblio can be found on the Cryptopa exchange, with other markets found on Kucoin, HitBTC, and OEX. Neblio did very strongly in a Binance voting, and despite strong rumors, hasn't been listed there yet.
Neblio is set apart by their narrow focus to create a working product with simplicity as a design consideration from the beginning. Their small token supply and 10% staking rewards create a strong incentive for tokens to be accumulated, which can generate economic benefits for existing token holders. Neblio has multiple catalysts in 2018, which if successful, will propel this blockchain into the public eye.
Disclosure: I am/we are long NEBL, STRAT.
I wrote this post myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any coin/platform that is mentioned in this post.
submitted by XCBatman to CryptoCurrency [link] [comments]

Big stores without escrow or multisig give a false sense of security, support stores that use escrow.

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bp, and bp does some vetting to make sure the company provides good service. but bp still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bp, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the bitcoin community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and bp wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good bitcoin community member. also unmentionables can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from unmentionables. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- I'll leave this out, auto mod picked out some stuff.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for bitcoin enthusiasts is more people will be hodling potentially for a few hours, days or even month. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a bitcoin ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the bitcoin community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to Bitcoin [link] [comments]

Big stores are giving people a false sense of security, start supporting stores that use escrow

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to btc [link] [comments]

Article I wrote, Big Companies giving users a false sense of security, use escrow- openbazaar

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to OpenBazaar [link] [comments]

Big stores are giving people a false sense of security, start supporting stores that use escrow

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to CryptoCurrency [link] [comments]

Big stores without escrow or multisig give a false sense of security, support stores that use escrow.

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while they companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. and arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spend much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantages to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to Bitcoin [link] [comments]

Article I wrote about big companies giving users a false sense of security, use escrow- bitrated

It was great to see large companies like Overstock, Expedia and others to start accepting bitcoin. Now its time for the next step. Multi sig has been around for a while, and can be used with a 3rd party arbitrator. Traditionally credit cards will act as an arbitrator, think of credit cards as having 180 day escrow, the time limit for chargebacks.
most big companies use bitpay, and bitpay does some vetting to make sure the company provides good service. but bitpay still expects you to send direct.
while the companies are trust worthy, and will correct issues with product quality, they are getting people comfortable with sending direct, with no form of protection. new users who are just getting started have no awareness of the issue.
Many people like to support smaller businesses. and there are lots of great small businesses out there that will do everything they can to provide good products/services. But there are many fake small business scammers out there. Escrow can protect against this.
Sites big and small could get hacked, users could end up on the wrong site, and blindly send btc to the wrong address. an arbitrator might catch this.
arbitration is not perfect and can also have issues, or an arbitrator could be a scammer. Its important that arbitration be decentralized, not just one big company like bitpay, but lots of individuals.
When the consumer losses out due to scams the consumer is a direct victim. but it also hurts the crypto community, giving a bad image, and good businesses end up with a customer base that has less money to put towards the good businesses that deserve it.
There are a few ways to go about using escrow with multisig. The first is direct wallets, with manual setup. Electrum and Copay/bitpay wallets are wallets that support multisig. the most popular way would be a 2 of 3 wallet. where 2 signers out of 3 people are needed to finalize a transaction. if everything goes well the buyer and seller are involved. if there is an issue the arbitrator will review evidence, and side with one or the other. Manual also allows for upto 10 signers) The other ways are a more automated way of doing the same thing. Bitrated is one of them. the buyer will select someone they will be buying off, and an arbitrator. it also allows you to link social media, and has a rating system based on your social media following/reputation, and your trades on platform. The other popular place is OpenBazaar. In OpenBazaar2 anyone can be an arbitrator, there is also a verified moderator, that has been checked by the OpenBazaar team to be a good crypto community member. also altcoins can be used in OpenBazaar2. Bithalo is similar to openbazaar but with double escrow, this gives both buyer and seller more incentive to be serious and honest. I meant to play with it more, but i was inspired to start writing and get this out.
Bisq is an exchange, one of the only ones where you have the keys. currently the developer serves as the arbitrator, but hopefully in future releases it will be opened up to members of the community. Bisq is software that runs on mac/win/linux for exchanging fiat to/from btc or btc to/from altscoins. All other exchanges you don't have the keys, and should not be trusted as much as people do. Binance is looking to become more like bisq, but currently binance is centralized and has the key. as far as I know, no other exchange is working towards this for bitcoin. there are some other decentralized exchanges- forkdelta for eth tokens only. bitshares, and maybe a few others I haven't spent much time on, like nem, waves, neo, maybe eos- the smart contract coins.
Manual Multisig is good for private, and one time use, or long term agreements where the wallets can be left active. Bitrated is good for checking reputation, and setting one time offers. OpenBazaar is good for the seller to list items for sale. The seller will choose various acceptable arbitrators, and from that list the buyer can choose an arbitrator. Have a significant number of arbitrators to choose from (manual may be difficult to find).
An additional advantage to utilizing multisig for crypto enthusiasts is more people will be hodling potentially for a few hours, days or even weeks. This can drive the btc price up.
an additional issue, especially for projects that may take weeks or months is price volatility. you'll have to agree on if you are strictly priced in btc, or if you are using a fiat exchange rate at the start of the transaction, or at the end of the transaction. or you might give the option to be whatever is more advantagious to the business or customer.
This opens up some spaces for new companies to become arbitrators, and certain people may like a well established arbitrator, while others might like the small individual arbitrator. Anyone of the parties could even set themselves up to hedge the exchange rate to make more interesting offers.
I would hope that those who are true believers will start using escrow soon, and get people in the habit of transacting safely. Overstock seems to be a crypto ally so I hope to see them start sooner. Expedia seems like they just care about customer demand and the profit, so I don't expect as much from. There are many other examples, I just didn't want to spend the time to go through everything. There's lots of people already on bitrated, and openbazaar, that maybe need a little reminder, just how important their part is in escrow, and keeping the crypto community strong
https://www.bitrated.com/opticbit
OpenBazaar Verified Moderator ob2: QmcscQDiCuTSGxBeMD9qyXwRMcbLU5m9P1kupojYJdFdoh (Me)
submitted by opticbit to Bitrated [link] [comments]

Subreddit Stats: Bitcoin top posts from 2018-04-16 to 2018-05-16 07:24 PDT

Period: 29.86 days
Submissions Comments
Total 1000 60667
Rate (per day) 33.49 2014.59
Unique Redditors 728 13668
Combined Score 403062 287813

Top Submitters' Top Submissions

  1. 23089 points, 2 submissions: jrs0080
    1. Whoever put this up deserves a medal (22960 points, 320 comments)
    2. It’s Official... 13th December is The Best Day to Own Bitcoin!!!! (129 points, 30 comments)
  2. 22608 points, 10 submissions: bitchari
    1. Value is always in the eyes of the beholder (10970 points, 554 comments)
    2. We did it!! BTC ✌️ (4328 points, 346 comments)
    3. Uncomfortable truths!! (3222 points, 471 comments)
    4. "rat poison" returns!! (1547 points, 239 comments)
    5. Really!! (806 points, 127 comments)
    6. A picture is worth a thousand words! Found this on Twitter (805 points, 88 comments)
    7. German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin "see no bank, hear no bank, speak no bank" is their motto (392 points, 30 comments)
    8. “We need to take a moment and respect this generation’s interest in this new instrument (bitcoin),” CFTC Chairman. https://www.ccn.com/we-need-to-respect-this-generations-interest-in-bitcoin-cftc-chairman/ (328 points, 28 comments)
    9. You may define what Bitcoin is to yourself. You may not define what Bitcoin is to others without their consent. https://t.co/6vVRhoVTZm (113 points, 18 comments)
    10. Bill Gates doesn't like bitcoin. Really?!! He did not believe in the internet either! (97 points, 47 comments)
  3. 14875 points, 2 submissions: ltc-
    1. What a time to be alive! (14748 points, 470 comments)
    2. I modified a thing. (127 points, 22 comments)
  4. 10913 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10913 points, 1557 comments)
  5. 10876 points, 1 submission: PineappleFund
    1. Farewell from the Pineapple Fund (10876 points, 611 comments)
  6. 10387 points, 1 submission: EMC2_trooper
    1. I see it every day. (10387 points, 296 comments)
  7. 9081 points, 1 submission: normcrypto
    1. You knew this was coming... one of my faves last year (9081 points, 128 comments)
  8. 8749 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7945 points, 207 comments)
    2. As I was saying (423 points, 20 comments)
    3. Too Damn High (194 points, 56 comments)
    4. Dear Bitcoin ATM makers please disclose your fees in clear understandable language prominently on the face of your machines. (187 points, 53 comments)
  9. 7663 points, 1 submission: joe4c
    1. Sir this seat is reserved for people with disabilities... (7663 points, 526 comments)
  10. 6865 points, 1 submission: Dark_Dantex
    1. It’s over 9000!!!!!! (6865 points, 429 comments)
  11. 6741 points, 1 submission: Weaselbrott
    1. Everyone on Bitcoin right now waiting to press "submit" on their well-crafted 10K memes (6741 points, 134 comments)
  12. 6553 points, 1 submission: chickenmalaitikka
    1. Rekt (6553 points, 85 comments)
  13. 5352 points, 1 submission: LouisOfTokyo
    1. I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate cake. (5352 points, 303 comments)
  14. 5340 points, 3 submissions: Pascalboyart
    1. Thanks a lot for your bitcoin donations on my street art piece in Paris, already 130$ received 🙏🙏🙏 (3909 points, 178 comments)
    2. Street art piece in Paris with a QR code for bitcoin donations (728 points, 63 comments)
    3. We did it ! Thanks to all the redditors, it came most from you guys 👏🙏🙏🙏 (703 points, 71 comments)
  15. 5118 points, 2 submissions: TipToeTiger
    1. Crypto Rider - A free game I made about racing on Bitcoin and other crypto's historical price graphs! (more info in comments) (5052 points, 309 comments)
    2. Thank You message to bitcoin from Crypto Rider team! (Message in comments) (66 points, 12 comments)
  16. 5021 points, 1 submission: UniqueUsername642
    1. This is Cryptocurrency (5021 points, 372 comments)
  17. 4820 points, 2 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4731 points, 246 comments)
    2. Very Soon in Vegas (89 points, 15 comments)
  18. 4558 points, 2 submissions: boobooyoudo
    1. Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement (4501 points, 711 comments)
    2. Near Field Technology could help bring lightning Bitcoin payments to retail. (57 points, 7 comments)
  19. 4222 points, 1 submission: sparty_postgrad
    1. The answer on Jeopardy today! (4222 points, 174 comments)
  20. 4209 points, 2 submissions: installeris
    1. 17000000 Bitcoins Have Been Mined! 4 millions to go! Happy anniversary day! (3735 points, 271 comments)
    2. The Irony (474 points, 37 comments)
  21. 3850 points, 1 submission: SingularityNerd
    1. Hilarious satire protest outside Consensus, the website says Genesis Mining put it on. #bankersagainstbitcoin (3850 points, 183 comments)
  22. 3673 points, 1 submission: sebastianstan21
    1. Current scenario (3673 points, 130 comments)
  23. 3632 points, 1 submission: awice
    1. WOW, this just happened on Jeopardy! last night. (3632 points, 363 comments)
  24. 3630 points, 1 submission: -All-Day-
    1. Ayy lmao (3630 points, 60 comments)
  25. 3617 points, 1 submission: JJKirsch
    1. Fake or Fork (3617 points, 354 comments)
  26. 3435 points, 2 submissions: tedand
    1. CoinMarketCap should remove Bitcoin dot com website from Bitcoin's page (3135 points, 200 comments)
    2. Bitcoin.com is first result in Google for "buy Bitcoin", selling "Bitcoin Cash" instead (300 points, 168 comments)
  27. 3429 points, 1 submission: universaleric
    1. Sh..should we get the "it's over 9000" memes ready? (3429 points, 204 comments)
  28. 3404 points, 1 submission: eragmus
    1. Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” (3404 points, 402 comments)
  29. 3354 points, 7 submissions: ayanamirs
    1. Satoshi Nakamoto about bitcoin.com (2332 points, 327 comments)
    2. Roger Ver is a well-known scammer. (451 points, 129 comments)
    3. Coinbase has become an unreliable and even dangerous service, subject to arbitrary, non-transparent actions as it merged with the US banking sector and started to provide information on its customers to the US government. It has become everything that Bitcoin was designed to stop - @Wikileaks (313 points, 145 comments)
    4. Electrum 3.1.3 release! (96 points, 24 comments)
    5. I'm so glad bitcoin don't have a central man on the top. (71 points, 23 comments)
    6. Fees are low, use this opportunity to Consolidate your small inputs! (58 points, 7 comments)
    7. The segwit adoption doesn't increase anymore. We need to do something. (33 points, 33 comments)
  30. 2819 points, 4 submissions: Mikeross14
    1. Cracks me up everytime (2161 points, 70 comments)
    2. Baby Saver offers to buy this sub (270 points, 270 comments)
    3. Marvel referencing cryptocurrency in one of its latest comics! (261 points, 21 comments)
    4. You want to help Bitcoin but can't code? Do a simple thing then, call out all the scammers and call out everyone who supports these scammers. Make Crypto free from these scums. Simple. (127 points, 37 comments)
  31. 2795 points, 4 submissions: Fly115
    1. Bitcoin.com has fixed it's webpage after lawsuit (1642 points, 572 comments)
    2. Microsoft + Bitcoin Lightning Network. Decentralized Identity proof of concept to be shown off at Consensus 2018. Seems big (721 points, 104 comments)
    3. A major announcement at #consensus2018 that did not seem to get a lot of airtime @LedgerHQ announcing an institutional custody solution in partnership with @Nomura and @GABIjersey. Addresses a major issue for institutional investors (242 points, 16 comments)
    4. Segwit Adoption - Steady growth to 35% (190 points, 70 comments)
  32. 2590 points, 1 submission: dustincrypto
    1. Bitcoin going mainstream in Las Vegas (2590 points, 109 comments)
  33. 2567 points, 3 submissions: edlund10
    1. Nick Szabo retweeted: "⚠️ If you are new to #bitcoin then please be aware that bitcoin .com is a fraudulent website. ⚠️ This website is run by Roger Ver who is a known serial scammer. ⚠️ The current main scam is the promotion of #bcash which is a fake version of bitcoin." (1906 points, 302 comments)
    2. Exactly 5 years ago Wired wrote "The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet." The loss is currently worth $124,453.58 (568 points, 134 comments)
    3. Warren Buffet vs. Bitcoin, 5 years chart, logarithmic scale (93 points, 52 comments)
  34. 2556 points, 1 submission: SchnitzelBoss
    1. Coinmarket cap removed Bitcoin.com from Bitcoin's website list. (2556 points, 159 comments)
  35. 2549 points, 1 submission: bajanboost
    1. CEO of Binance actually gives a f***. This is the exact moment he was introduced to the Bermuda Shorts by the Bermuda Development Agency; A formal dress code in the country (2549 points, 125 comments)
  36. 2518 points, 2 submissions: Bitcoin_21
    1. WikiPedia's Bitcoin page removed the Bitcoin dot com explorer, because it misleads its users. (2083 points, 153 comments)
    2. Please report the bitcoin ,com wallet to the iOS app store for fraud. (435 points, 122 comments)
  37. 2403 points, 1 submission: TomasEddison
    1. Guy on CNBC says $100USD bill is used for far more illicit activity than bitcoin. (2403 points, 183 comments)
  38. 2316 points, 7 submissions: Suberg
    1. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1094 points, 298 comments)
    2. Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity, 7000 active channels (500 points, 172 comments)
    3. Bitcoin.com Fraud Lawsuit Group Gaining Steam With Over 1000 Members (322 points, 184 comments)
    4. Tom Lee: Bitcoin Price Increase Coming After Consensus Conference (155 points, 46 comments)
    5. Russia's 'CIA' Memo Admits Telegram Was Blocked Because Crypto Is 'Uncontrollable' (151 points, 13 comments)
    6. Bitcoin Price Historically Surges With Consensus Conference, Data Shows (47 points, 26 comments)
    7. IMF's Lagarde: Bitcoin 'Could Have a Significant Impact on How We Save' (47 points, 11 comments)
  39. 2274 points, 9 submissions: TheGreatMuffin
    1. The CEO of Binance, a company with $200M yearly revenue, at a press conference (810 points, 103 comments)
    2. Goldman Sachs to Open a Bitcoin Trading Operation - NYTimes (498 points, 54 comments)
    3. Kraken's response to the NYAG enquiry (413 points, 117 comments)
    4. Jameson Lopp: "Today I've learned that a lot of data sources are incorrectly reporting the total bitcoin supply. We haven't actually hit 17M BTC yet; you can follow along in realtime at [link]" (141 points, 23 comments)
    5. Bitcoin was the 9th most viewed Wikipedia article in 2017, coming in just behind the entry for the United States. (h/t @lopp) (120 points, 18 comments)
    6. Samourai and goTenna Enable Bitcoin Transactions Without Internet Access (100 points, 16 comments)
    7. A German online bank uses Bitcoins to transfer loans (93 points, 35 comments)
    8. Huawei Is About to Give Chinese Users Easier Access to Bitcoin (62 points, 14 comments)
    9. Bitcoin Threat Model - extensive security review of possible threats to bitcoin as cryptocurrency (by JW Weatherman) (37 points, 11 comments)
  40. 2225 points, 1 submission: awesomedan77
    1. WARNING: HitBTC stole 5Btc deposit, even after I provided everything they asked for 2+ months! (2225 points, 486 comments)
  41. 2170 points, 1 submission: ronnnumber
    1. 45% of investors... (2170 points, 227 comments)
  42. 2041 points, 1 submission: YnotHaTony
    1. Truth about Bitcoin mining (2041 points, 136 comments)
  43. 2017 points, 9 submissions: Miladran
    1. Nasdaq is open to becoming cryptocurrency exchange, CEO says (966 points, 104 comments)
    2. BREAKING: Coinbase Just Bought One of Bitcoin's Biggest Startups (278 points, 103 comments)
    3. Bitcoin buy orders are >90% of the market for the first time since March 2017 (176 points, 28 comments)
    4. Telegram CEO Is Using Bitcoin to Help Bypass Russia's App Ban (173 points, 11 comments)
    5. Sell gold, buy bitcoin? The ultimate global safe haven debate has begun (128 points, 56 comments)
    6. Lambos are coming (117 points, 53 comments)
    7. Bitcoin gets boost from IMF head (71 points, 7 comments)
    8. Is PayPal driving people towards Bitcoin? (60 points, 83 comments)
    9. NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June (48 points, 9 comments)
  44. 1997 points, 1 submission: trainrekt23
    1. Found this today on the campus of my uni (1997 points, 225 comments)
  45. 1991 points, 1 submission: kynek99
    1. Here is the bitcoin.com owner who created Bitcoin Cash to scam people and show real Bitcoiners a middle finger. (1991 points, 408 comments)
  46. 1847 points, 1 submission: sha256art
    1. Fasten your seat belts (1847 points, 107 comments)
  47. 1822 points, 1 submission: 127fascination
    1. Australia Bans Cash For All Purchases Over $10,000 Starting July Of 2019 (1822 points, 531 comments)
  48. 1788 points, 5 submissions: coinmoon_com
    1. ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017. Lets make it number 1 this year. Spread the word! (632 points, 35 comments)
    2. Bitcoin has worked non stop for 9 years. Without any days off, scheduled maintenance or severe issues. Let that sink in for a minute. (599 points, 226 comments)
    3. FORBES: Gold used to be money, and it was great money for its times. But Bitcoin's now the new flight capital. (286 points, 37 comments)
    4. 15 Claims Against Lightning, Answered (164 points, 12 comments)
    5. Bitcoin could replace cash in 10 years - Business Insider (107 points, 59 comments)
  49. 1694 points, 1 submission: BitMarKas
    1. New Ledger features! (1694 points, 42 comments)
  50. 1635 points, 6 submissions: _smudger_
    1. Today the 17th Million bitcoin will be mined (1070 points, 130 comments)
    2. Bitcoin to hit $50,000 by year-end, says BitMex CEO (158 points, 92 comments)
    3. Lightning + NFC? The New Plan to Bring Bitcoin to Retail (152 points, 45 comments)
    4. Vaultoro Becomes The First Exchange To Implement Bitcoin Lightning Network Payments (116 points, 6 comments)
    5. How to build your own portable plug-in Lightning node! (95 points, 5 comments)
    6. Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO (44 points, 6 comments)
  51. 1581 points, 1 submission: CoolStoryBroLol
    1. Bitcoin accepted at my dentist's office (1581 points, 210 comments)
  52. 1524 points, 1 submission: paintedfrog
    1. Found a helpful infographic. Could be handy to respond with this when people forget what Bitcoin is called... (1524 points, 294 comments)
  53. 1504 points, 1 submission: NikolaosKost
    1. Lawsuit from over 600 Bitcoin Users against Bitcoin.com and CEO Roger Ver (1504 points, 338 comments)
  54. 1497 points, 1 submission: 3hrdrive
    1. In Australia there is currently an investigation into banks and their practices, and the results are frightening (1497 points, 124 comments)
  55. 1423 points, 4 submissions: chek2fire
    1. Everyone must report this Bitcoin mobile wallet asap.Is a fraud (554 points, 174 comments)
    2. Roger Ver and Bitcoin.com do a social attacks to Bitcoin (506 points, 313 comments)
    3. Blockchain.info. 8 months and still no segwit support. They are more lazy than sub-saharan public sector (288 points, 58 comments)
    4. They said: "Segwit is not a scaling solution".... (75 points, 59 comments)
  56. 1420 points, 10 submissions: DesignerAccount
    1. Witness the future: Paying for coffee with LN in real life - Brisbane Airport (377 points, 144 comments)
    2. Bitcoin transaction fees in sat/b have not been so low since 2011!!! (173 points, 65 comments)
    3. PSA: Stop spelling the Bitcoin fraudulent site correctly - It only helps them as search engines pick it up. Use: bitcoin,com | bitcoin .com | bitcoin (.) com | bitcoindotcom | ... (153 points, 52 comments)
    4. "The bitlicense is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth." --- Kraken CEO: Exchange Won't Answer New York AG's Inquiry (141 points, 11 comments)
    5. Ready for work. (140 points, 69 comments)
    6. World Debt Hits Record $164 Trillion <-- That's WHY bitcoin. (133 points, 121 comments)
    7. Goldman Hires Head Cryptocurrency Trader (99 points, 4 comments)
    8. Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts (71 points, 3 comments)
    9. Hilarious: Lighting TESTNET app renamed Bitcoin Cash TESTNET!! (68 points, 23 comments)
    10. UNICEF Is Mining Crypto to Raise Funds for Children (65 points, 6 comments)
  57. 1381 points, 1 submission: girlpearl
    1. At the Gramatik show last night in Boston (1381 points, 63 comments)
  58. 1358 points, 3 submissions: zappadoing
    1. someone put a BTC-symbol on to the swiss federal bank! (1212 points, 84 comments)
    2. Bitcoin boosted as IMF boss Christine Lagarde praises cryptocurrency and suggests it could transform the way people save and invest (101 points, 8 comments)
    3. The Zurich bakery where you can't pay with cash (but bitcoins are fine) (45 points, 9 comments)
  59. 1337 points, 8 submissions: frankreddit5
    1. My daughter just informed me that someone told her "#Bitcoin is a worthless scheme" & that the US dollar has, quote, "one 'brick' of gold in a vault for every dollar there is."..There's so many things wrong with both of these statements that all I can do is sit here and facepalm (582 points, 184 comments)
    2. Here's my Bitcoin Starry Night art on Canvas! (250 points, 26 comments)
    3. I think it turned out sick! (whitepaper on metal) (122 points, 22 comments)
    4. It's funny to me when people say that #Bitcoin is a ponzi scheme or a bubble. The real ponzi scheme is the money system created by the Federal Reserve. And that's the real bubble, too. It's time for monetary reform; it's time for people to take back what is theirs. #BuyBitcoin (118 points, 39 comments)
    5. Argentina raises interest rates to 40% (80 points, 52 comments)
    6. my Satoshi Whitepaper art on 3/4" thick birch wood, treated with a high-gloss coating. (73 points, 16 comments)
    7. my Bitcoin Phoenix artwork (on metal) (70 points, 12 comments)
    8. my Bitcoin Astronaut art presented on a metal panel. It looks almost like an LCD TV in person! Image in comments. (42 points, 9 comments)
  60. 1200 points, 4 submissions: hodlerenfin
    1. Starting tomorrow Monday April 23, 2018 I will ask everywhere I spend my fiat, if they take Bitcoin even if I know they don’t. (609 points, 234 comments)
    2. Sad day today will be the last day we’ll see bitcoin below 9k.🙃 (275 points, 170 comments)
    3. Charlie Shrem on Twitter (162 points, 56 comments)
    4. I think at least everyday, wherever we spend fiat we should ask if they take Bitcoin. Even if we know they don’t. (154 points, 60 comments)
  61. 1196 points, 5 submissions: LegendsRoom
    1. Bitcoin dethroning Gold as a store of value. (349 points, 116 comments)
    2. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 121 comments)
    3. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 130 comments)
    4. Banking panic and chaos in UK, as customers locked out of accounts for 5 days running.. (155 points, 44 comments)
    5. UK Bank crippled, as customers panic, accounts emptied. (118 points, 41 comments)

Top Commenters

  1. TheBoyChris (2416 points, 4 comments)
  2. HODLTID (1954 points, 6 comments)
  3. Marcion_Sinope (1679 points, 303 comments)
  4. CONTROLurKEYS (1626 points, 204 comments)
  5. SuperGoxxer (1542 points, 284 comments)
  6. gonzobon (1428 points, 41 comments)
  7. technicallycorrect2 (1322 points, 29 comments)
  8. gbitg (1314 points, 4 comments)
  9. Bipolar_Chihuahua (1279 points, 3 comments)
  10. conv3rsion (1275 points, 1 comment)
  11. GolferRama (1167 points, 164 comments)
  12. HeyZeusChrist (1098 points, 51 comments)
  13. BCashBCashBTrash (1094 points, 381 comments)
  14. WhyDontYouTryIt (1019 points, 401 comments)
  15. jagan1355 (1016 points, 7 comments)
  16. HelloImRich (973 points, 50 comments)
  17. TheGreatMuffin (955 points, 141 comments)
  18. LegendsRoom (906 points, 59 comments)
  19. Kalin101 (859 points, 59 comments)
  20. Hanspanzer (845 points, 317 comments)
  21. TipToeTiger (797 points, 57 comments)
  22. themonkier (782 points, 16 comments)
  23. ducksauce88 (779 points, 179 comments)
  24. EMC2_trooper (762 points, 23 comments)
  25. Cryptolution (756 points, 223 comments)
  26. Timeforadrinkorthree (751 points, 3 comments)
  27. tranceology3 (750 points, 132 comments)
  28. biologischeavocado (741 points, 52 comments)
  29. MuD_D (740 points, 1 comment)
  30. BitcoinAlways (732 points, 286 comments)
  31. Explodicle (716 points, 246 comments)
  32. fenstabeemie (715 points, 1 comment)
  33. harreh (709 points, 1 comment)
  34. BashCo (669 points, 81 comments)
  35. zomgitsduke (654 points, 92 comments)
  36. bluethunder1985 (643 points, 124 comments)
  37. dontshillmexrp (643 points, 3 comments)
  38. jakesonwu (641 points, 90 comments)
  39. bitsteiner (639 points, 148 comments)
  40. eintnohick (627 points, 4 comments)
  41. devonthed00d (624 points, 8 comments)
  42. bitmaincash (623 points, 114 comments)
  43. fomotheclown (623 points, 114 comments)
  44. Black_RL (620 points, 15 comments)
  45. castorfromtheva (619 points, 24 comments)
  46. hsjoberg (612 points, 18 comments)
  47. pepe_le_shoe (602 points, 196 comments)
  48. a33b (602 points, 1 comment)
  49. inchhigh314 (597 points, 28 comments)
  50. Bitcoin_21 (577 points, 100 comments)
  51. Cykablast3r (571 points, 10 comments)
  52. bitusher (567 points, 87 comments)
  53. mustbemoney (564 points, 63 comments)
  54. typtyphus (562 points, 105 comments)
  55. gta3uzi (556 points, 145 comments)
  56. StopAndDecrypt (544 points, 80 comments)
  57. bossman-CT (542 points, 1 comment)
  58. IceColdInferno (534 points, 1 comment)
  59. outofofficeagain (532 points, 85 comments)
  60. fruitlessbanana (531 points, 9 comments)
  61. harrapino (526 points, 1 comment)
  62. suninabox (522 points, 159 comments)
  63. NimbleBodhi (511 points, 27 comments)
  64. pilotavery (508 points, 172 comments)
  65. Let_It_Steep (508 points, 5 comments)
  66. DeucesCracked (504 points, 71 comments)
  67. SpoekplumpeN (502 points, 142 comments)
  68. MrRGnome (498 points, 68 comments)
  69. Kanye_B_redpillin (497 points, 9 comments)
  70. robinwindy (495 points, 259 comments)
  71. absurdparadox (485 points, 8 comments)
  72. Iruwen (469 points, 57 comments)
  73. Bitcoin_Acolyte (459 points, 32 comments)
  74. ToddVonToddson (458 points, 1 comment)
  75. crptdv (450 points, 10 comments)
  76. djLyfeAlert (447 points, 83 comments)
  77. BucketSnail (443 points, 1 comment)
  78. BenTG (435 points, 5 comments)
  79. Mikeross14 (431 points, 39 comments)
  80. Utoko (429 points, 112 comments)
  81. LouisOfTokyo (428 points, 13 comments)
  82. pwuille (418 points, 17 comments)
  83. DartmouthBG (416 points, 26 comments)
  84. Natanael_L (411 points, 23 comments)
  85. flipsfordayz (410 points, 11 comments)
  86. raumi75 (408 points, 25 comments)
  87. boxhit (402 points, 27 comments)
  88. bluepuma90 (400 points, 3 comments)
  89. StoneHammers (391 points, 35 comments)
  90. AussieBitcoiner (390 points, 28 comments)
  91. TheRedStoner (385 points, 36 comments)
  92. 127fascination (384 points, 5 comments)
  93. PineappleFund (383 points, 4 comments)
  94. The-Physicist (382 points, 153 comments)
  95. BcashLoL (382 points, 137 comments)
  96. ketefocko (379 points, 1 comment)
  97. ThisIsABeginning (376 points, 22 comments)
  98. randiwulf (375 points, 6 comments)
  99. SpaceDuckTech (374 points, 66 comments)
  100. cdecker (373 points, 39 comments)

Top Submissions

  1. Whoever put this up deserves a medal by jrs0080 (22960 points, 320 comments)
  2. What a time to be alive! by ltc- (14748 points, 470 comments)
  3. Value is always in the eyes of the beholder by bitchari (10970 points, 554 comments)
  4. This is NOT OK. Upvote for visibility by InteractiveLedger (10913 points, 1557 comments)
  5. Farewell from the Pineapple Fund by PineappleFund (10876 points, 611 comments)
  6. I see it every day. by EMC2_trooper (10387 points, 296 comments)
  7. You knew this was coming... one of my faves last year by normcrypto (9081 points, 128 comments)
  8. exceedingly efficient by StoneHammers (7945 points, 207 comments)
  9. Sir this seat is reserved for people with disabilities... by joe4c (7663 points, 526 comments)
  10. It’s over 9000!!!!!! by Dark_Dantex (6865 points, 429 comments)

Top Comments

  1. 2313 points: TheBoyChris's comment in This is NOT OK. Upvote for visibility
  2. 1951 points: HODLTID's comment in Whoever put this up deserves a medal
  3. 1309 points: gbitg's comment in Value is always in the eyes of the beholder
  4. 1275 points: conv3rsion's comment in Farewell from the Pineapple Fund
  5. 1220 points: technicallycorrect2's comment in Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement
  6. 1219 points: Bipolar_Chihuahua's comment in This is NOT OK. Upvote for visibility
  7. 1014 points: gonzobon's comment in exceedingly efficient
  8. 987 points: jagan1355's comment in This is NOT OK. Upvote for visibility
  9. 740 points: MuD_D's comment in The answer on Jeopardy today!
  10. 715 points: fenstabeemie's comment in Truth about Bitcoin mining
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Subreddit Stats: NewYorkCoin posts from 2017-07-24 to 2018-04-09 09:00 PDT

Period: 258.76 days
Submissions Comments
Total 543 3256
Rate (per day) 2.10 12.57
Unique Redditors 205 474
Combined Score 3835 6264

Top Submitters' Top Submissions

  1. 1067 points, 120 submissions: hivewalletvictim
    1. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! (33 points, 6 comments)
    2. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. (31 points, 59 comments)
    3. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! (27 points, 11 comments)
    4. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! (24 points, 7 comments)
    5. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. (24 points, 18 comments)
    6. 3 new businesses NOW ACCEPT @NewYorkCoinNYC ! Eqwipped Entertainment Recording Studio | Greenpoint, Brooklyn, An Nails Salon | Orlando, FL, Khameleon Koatings | Brattleboro, VT. newyorkcoin.net/#real (23 points, 6 comments)
    7. Another new business ACCEPTING NYC in Manhattan! Welcome the NYC Falafel Co of the Lower East Side to TEAM NYC. Merchant acceptance of NYC is starting to gain momentum... (20 points, 7 comments)
    8. NYC NOW ACCEPTED AT 14 BUSINESSES (and growing!). Welcome Paul Zepeda Gallery and Grown Fresh NYC to TEAM NYC. (19 points, 0 comments)
    9. Centre Finest Deli | New York, NY | Bitcoin ATM location | Now Supports NewYorkCoin | Acceptance Coming Soon (18 points, 4 comments)
    10. NYC Electrum-X now on github! Pull request also made to the original project: https://github.com/kyuupichan/electrumx/pull/354, once it's accepted it will be included in the master branch of electrum-x. Tip Coinomi devs! (18 points, 9 comments)
  2. 215 points, 27 submissions: Tnyc2477
    1. Calm (15 points, 10 comments)
    2. NewYorkCoin is on coinomi wallet. Coinomi is a security-first multi-asset wallet that provides native support and true ownership for 96 coins and 244 tokens, for a total of total of 340 coins and tokens, available in 168 fiat currency representations and 25 languages. (15 points, 14 comments)
    3. One special pitch for our coin to one special exchange (14 points, 10 comments)
    4. So You Want to Own Some NewYorkCoin (NYC) But Don’t Know Where to Start! Here is an Easy Guide for Beginners (14 points, 3 comments)
    5. That Perfect, Rich Exchange Everyone Needs (13 points, 7 comments)
    6. NYC Discord 2nd Meeting 1-24-2018.mp4 - Google Drive (12 points, 5 comments)
    7. Analysis of The Institutional Money On NewYorkCoin and What Our Main Objective Really Is (11 points, 7 comments)
    8. Looks a bit more crowded there on the list of Markets to trade NYC :-) (11 points, 2 comments)
    9. Please also join us at nycoincommunity for important posts from dev team. Thank you. (11 points, 20 comments)
    10. For Newly Joined Community Memebers (10 points, 0 comments)
  3. 150 points, 12 submissions: jamesburrell2
    1. Wall Street Journal article about NewYorkCoin (35 points, 25 comments)
    2. NewYorkCoin featured in Crains NewYork magazine (21 points, 5 comments)
    3. ***MUST READ FOR NEWBIES (NOOBS) trying to understanding what NewYorkCoin and other cryptocurrencies are (and are not). Very easy to read and written by a top player in the cryptocurrency space. (14 points, 2 comments)
    4. Great arguments for why NewYorkCoin's code is better for P2P micropayments than Bitcoin (14 points, 1 comment)
    5. My analogy for the early growing community of NewYorkCoin enthusiasts (NewYorkCoin is the abandoned cars and the garage is the bottom of CoinMarketCap) (13 points, 3 comments)
    6. NewYorkCoin is a technological improvement for informal value transfer systems and local currencies (12 points, 1 comment)
    7. A reminder of Bitcoin's price trajectory and potential trajectory for NewYorkCoin enthusiasts (10 points, 0 comments)
    8. YouTube user Coinreview was pretty early in identifying the promise of NewYorkCoin. (9 points, 0 comments)
    9. Good article why the NewYorkCoin community shouldn't judge the value of the coin by marketcap alone (8 points, 0 comments)
    10. Good video by the LitePay CEO (5 points, 0 comments)
  4. 129 points, 11 submissions: nodecache
    1. A New York Coin Development Vision: How BTC could be 'powered by NYC' via Lightning Network (20 points, 27 comments)
    2. Fast 'n Free Forever: an inflationary vision for a Proof of Stake New York Coin (19 points, 13 comments)
    3. Ask shapeshift and changelly to add NYC now that we're on Coinomi (18 points, 9 comments)
    4. BTC: powered by NYC - 1.1 Million NYC bounty raised for Segwit implementation (11 points, 29 comments)
    5. Requested NYC on Polo today, where are you requesting it? (11 points, 8 comments)
    6. 250,000 NYC Bounty to developer(s) to implement Segwit w/ intent to make NYC a BTC cash layer (10 points, 49 comments)
    7. Bounty update: Segwit/Lightning on NYC Roadmap (10 points, 6 comments)
    8. Alternative rebrand concept for a real artist to alter (9 points, 3 comments)
    9. Donation Address for Segwit Bounty: RGpAYLk2CtsLvBQBENQyNUhJyF8QH2zC53 (8 points, 30 comments)
    10. NYC is Checking Account to Bitcoin's Savings Account (7 points, 10 comments)
  5. 115 points, 13 submissions: gopes11
    1. Found this gem in one of the earlier posts. A lot of Great reads btw.. this guy nailed NYC (19 points, 0 comments)
    2. NYC VALUE (18 points, 1 comment)
    3. Only way NYC will go big is if we as a community come together and make it big. It’s not magic, we are investors and it is our duty to help this coin grow so developers have enough resources to further the project. (18 points, 9 comments)
    4. More exchanges is the solution (14 points, 6 comments)
    5. Dallas Mavericks announced they will accept Cryptocurrency next season.. (13 points, 3 comments)
    6. NYC ATMs (6 points, 3 comments)
    7. Reducing the supply (6 points, 2 comments)
    8. Did anyone meet up yesterday? (5 points, 5 comments)
    9. What is the next step and how can we help? (5 points, 1 comment)
    10. Go vote. Get our name out there (4 points, 0 comments)
  6. 95 points, 7 submissions: kyguy17
    1. Please vote for NYC to go on more exchanges (18 points, 13 comments)
    2. Adding NYC to tradesatoshi.com (17 points, 12 comments)
    3. Trade satoshi (16 points, 11 comments)
    4. We are accepted in Trade satoshi but (16 points, 3 comments)
    5. Added another exchange! This will be number four if we can pull it off. (15 points, 17 comments)
    6. Great job everybody that donated! I want to thank everyone for that and I want to personally thank everyone that trusted me on handling the funds. (10 points, 4 comments)
    7. Why did coinomi delist NYCoin? (3 points, 26 comments)
  7. 74 points, 15 submissions: dynamicmormon
    1. A new business accepts the New York Coin. Here the link: http://www.extravagantllc.com/ (14 points, 1 comment)
    2. New acceptance of New York coin found the community website. Please look there. There is an artist mentioned. (11 points, 0 comments)
    3. Cryptonator (8 points, 0 comments)
    4. I saw something that shows the Coins gets international (8 points, 3 comments)
    5. Crex24 (7 points, 3 comments)
    6. A question about New York Coin (4 points, 12 comments)
    7. A further press report found (3 points, 1 comment)
    8. Fork (3 points, 2 comments)
    9. How are the experiences with the New York Coin Center? (3 points, 45 comments)
    10. Huobi (3 points, 0 comments)
  8. 74 points, 9 submissions: NYCoinIsTheFuture
    1. NYC Website (16 points, 18 comments)
    2. It is imperative we get this coin on SEVERAL different exchanges (11 points, 7 comments)
    3. For whomever wins the website contest (10 points, 2 comments)
    4. One last request, could we please somehow remove the scam-like all caps description under the Google search page, something as simple as New York Coin (NYC) would be good. It just doesn't feel very professional, I'm sure others agree. (9 points, 2 comments)
    5. More exchanges - stay hungry. (8 points, 3 comments)
    6. NewYorkCoin price predictions? Expectations for 2018? (7 points, 5 comments)
    7. Website Contest (7 points, 14 comments)
    8. Which website are we going with??? (4 points, 6 comments)
    9. NYC PREDICTIONS (2 points, 3 comments)
  9. 69 points, 19 submissions: NewYorkCoin
    1. THE NEW YORK COIN CENTER (12 points, 3 comments)
    2. NYC (24hr) trading volume passing $1m!!! Coinmarketcap is fixing bug that is stopping updating of volume. All markets offline at coinmarketcap. NYC TRADING VOLUME IS EXPLODING!!! (10 points, 4 comments)
    3. WIN 1,000,000 NYC! (7 points, 5 comments)
    4. newyorkcoin.net is now multi-lingual ! NYC in 17 most popular languages. Links at bottom of homepage. 1/2 on left side now completed, the rest will be live by end of weekend (7 points, 7 comments)
    5. NYC IS STARTING TO MOVE!!! NewYorkCoin getting ready to break into TOP 300 at coinmarketcap. BUY NYC AT YOBIT! Coinomi in December. NYC ATM's in January. NEW YORK COIN CENTER coming in 2018! (5 points, 0 comments)
    6. $30,000 trading volume now. And climbing... Will NYC break $50,000/day for the first time EVER soon... P.S. This is BEFORE Coinomi adds NYC! (3 points, 1 comment)
    7. MEET NEW YORK COIN (NYC) (3 points, 0 comments)
    8. THE NEW YORK COIN CENTER is looking better and better by the day! (3 points, 3 comments)
    9. Can you find any more NYC cheapies under 0.00004? Are those gone forever? Next cheapies to disappear 0.00005. My prediction is that by end of this weekend, the CHEAPEST NYC you can ever buy again will be 0.00008 (maybe higher!) nycoin.net (2 points, 2 comments)
    10. FIND NEW YORK COIN AT 2017 MACY*S THANKSGIVING DAY PARADE! (2 points, 4 comments)
  10. 63 points, 4 submissions: throwawayhey1234w
    1. New website idea. The so called creator is absent from this, i can help with the website, we still need to get the blockchain working, rumbles of others workign on this but i think IF we want to drag this back from the dead we need to start reviving. (23 points, 29 comments)
    2. Nice Video For This Coin (21 points, 3 comments)
    3. Update on website, more pages. Now accpeting donations of new york coin so i can just keep powering through: REWEc7pAqxgD249pVm9aKBSaQU5nwzWhms (16 points, 9 comments)
    4. I am buying all in! (3 points, 4 comments)
  11. 61 points, 12 submissions: modoromodo
    1. Good job Newyorkcoin Team very interesting (28 points, 0 comments)
    2. NEW YORK COIN (NYC) PRICE LIVE, CRYPTOCURRENCY, NEWS, WIKI, PREDICTION (7 points, 4 comments)
    3. Who think nyc will make 0.01 soon (6 points, 6 comments)
    4. What are the best expectations for 2018 (5 points, 2 comments)
    5. NYC next year in top 10 ( very possible ) (4 points, 4 comments)
    6. SOON IN THE MOON (3 points, 0 comments)
    7. Is there news about ATMS (2 points, 2 comments)
    8. NEED MOR EXCHANGES FOR THIS COIN LIKE CRYPTOPIA . BINANCE . BITREX (2 points, 1 comment)
    9. New york coin in stocktwits (2 points, 1 comment)
    10. . (1 point, 1 comment)
  12. 53 points, 6 submissions: zer0san
    1. Reddit Banner & Marketing (17 points, 19 comments)
    2. New Variation: When needed I can make specific infographics for the website. (11 points, 5 comments)
    3. NYC Infographic Design for fun — Composition stolen from Sia ;) (8 points, 6 comments)
    4. New York Coin Reddit banner W.I.P (7 points, 13 comments)
    5. Plans for 2017/ Road map?? (7 points, 3 comments)
    6. Wanted to say Hi (3 points, 1 comment)
  13. 50 points, 4 submissions: ASSBORDERLINE
    1. COINOMI To add NYC In next update You can test NYC in there Beta App! (14 points, 2 comments)
    2. Just Bought 29 Million NYC (13 points, 14 comments)
    3. Reason Why NYC Rising & Brief History (13 points, 6 comments)
    4. ATM Coming very soon 😅 (10 points, 3 comments)
  14. 50 points, 4 submissions: CoinmaticNYC
    1. WISH US LUCK (ARTICLE ON CNBC REQUESTED)!!! (15 points, 7 comments)
    2. PLEAE READ!!! (14 points, 10 comments)
    3. FACEBOOK PAGE UPDATE (12 points, 1 comment)
    4. Quick maths bruv (9 points, 10 comments)
  15. 47 points, 7 submissions: lCyberneticl
    1. What do you all think? Anyone working on logo/graphics/advertising (20 points, 7 comments)
    2. Go NYC! (8 points, 0 comments)
    3. NYC (7 points, 1 comment)
    4. Work in progress! (5 points, 2 comments)
    5. My contribution to the website contest (3 points, 0 comments)
    6. Just an idea (2 points, 1 comment)
    7. NYC (2 points, 1 comment)
  16. 40 points, 1 submission: RealWorldCoins
    1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. (40 points, 20 comments)
  17. 39 points, 5 submissions: NYC_NewYorkCoin
    1. If anyone can contact this place La Sirene in Manhattan, Im sure they will place the NYC sticker up (14 points, 6 comments)
    2. NYC New York Coin is now actively trading on Tradesatoshi.com Congrat's all. (8 points, 2 comments)
    3. NYC New York Coin This must be the coin!! (7 points, 0 comments)
    4. Picked up some more NYCoin! Lets Hope for the Best! NYC Coin 20X faster than Bitcoin NYC is simply more usable than Bitcoin. NYC is 20X faster to send, receive & confirm transactions. And 5X faster than Litecoin. NYC is much cheaper to use than Bitcoin or Litecoin. Actually, it's free! (7 points, 4 comments)
    5. New York Coin ,New York Coin, Start spreading the news You're leaving today Your vagabond shoes, they are longing to stray And steps around the heart of it, New York, New York -New York Frank Sinatra (3 points, 1 comment)
  18. 36 points, 4 submissions: nicovs_be
    1. ElectrumX and Electrum-NYC wallet by the newyorkcoin community (14 points, 0 comments)
    2. There's the 1st 2SAT NYC sells ever (11 points, 1 comment)
    3. KEATSBAR confirmation is now on the site (7 points, 5 comments)
    4. NYCoin Core Wallet Block data Download (Data up to date up to Jan 7th 9PM) (4 points, 5 comments)
  19. 35 points, 4 submissions: TweeknTekneek
    1. I bought in newyorkcoin !!! (15 points, 34 comments)
    2. I hope one day NYC coins are soo common, that they become the new digital coin for parking meters! (10 points, 0 comments)
    3. If and when NYC hits $0.01 - $0.10 (5 points, 8 comments)
    4. What is the best Walter for NYC? (5 points, 3 comments)
  20. 34 points, 5 submissions: fionaman
    1. Binance is Possible... (16 points, 7 comments)
    2. Will NYC make us millionaires? (8 points, 8 comments)
    3. We should try to get NYC on Coin Exchange (5 points, 2 comments)
    4. Lescovex vote - NYC #3 & "under consideration (3 points, 3 comments)
    5. Why is the total supply increasing? (2 points, 5 comments)

Top Commenters

  1. hivewalletvictim (611 points, 343 comments)
  2. Tnyc2477 (367 points, 171 comments)
  3. nodecache (340 points, 131 comments)
  4. dwilkes827 (168 points, 75 comments)
  5. nicovs_be (166 points, 74 comments)
  6. cryptonyxx (153 points, 62 comments)
  7. mariusadrian2103 (132 points, 42 comments)
  8. JohnSewards (122 points, 53 comments)
  9. zer0san (118 points, 48 comments)
  10. GiorgosK (110 points, 104 comments)
  11. kuch167 (102 points, 37 comments)
  12. jamesburrell2 (99 points, 39 comments)
  13. polkaberries (92 points, 47 comments)
  14. CoinmaticNYC (92 points, 32 comments)
  15. yarikd (90 points, 45 comments)
  16. GU1TARW0RLD- (69 points, 42 comments)
  17. kyguy17 (57 points, 21 comments)
  18. dynamicmormon (54 points, 30 comments)
  19. NewyorkCoinFrance (53 points, 21 comments)
  20. TweeknTekneek (52 points, 32 comments)

Top Submissions

  1. BREAKING NEWS! CNBC producer was at KEATS restaurant to video the first ever retail transaction using cryptocurrency, NY Coin.....This story is still developing and air date has not been disclosed. NY Coin is supposedly 20x faster than Bitcoin and does not have any fees. by RealWorldCoins (40 points, 20 comments)
  2. Wall Street Journal article about NewYorkCoin by jamesburrell2 (35 points, 25 comments)
  3. Welcome Pro Snowboarder Jeff Sponzo to TEAM NYC! NewYorkCoin (NYC) has sponsored professional snowboarder Jeff Sponzo (instagram: @sp0nzo) Wish Jeff luck! He's competing in Oslo, Norway and spreading the word about NYC on his world tour!!! by hivewalletvictim (33 points, 6 comments)
  4. An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ. by hivewalletvictim (31 points, 59 comments)
  5. Good job Newyorkcoin Team very interesting by modoromodo (28 points, 0 comments)
  6. 1,000,000 NYC BOUNTIES for every new retail/storefront business YOU get to accept NewYorkCoin in New York City. Business owner downloads Coinomi Wallet (beta) from link at newyorkcoin.net and prints their QR code for customers to pay! Business owner receives 1,000,000 NYC too! by hivewalletvictim (27 points, 11 comments)
  7. Who is applying and sending in the info the exchanges require to get added ? Ill do it and pay the fees they require if someone will give me permission and materials I request. I’ll pay the fees as well they range $5000 to 20,000. Exchanges want money it’s that simple. by earthfunds (26 points, 10 comments)
  8. Logo Idea by shotxchance (25 points, 18 comments)
  9. LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN. by hivewalletvictim (24 points, 18 comments)
  10. Gila's Nosh | 23rd Street NOW ACCEPTS NYC! by hivewalletvictim (24 points, 7 comments)

Top Comments

  1. 14 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  2. 12 points: hivewalletvictim's comment in An exhaustive email explaining NYC "roadmap" to the 'hype and scam' crowd. PLEASE READ.
  3. 12 points: yarikd's comment in dkbigmoney = Charlie K
  4. 11 points: zer0san's comment in Reddit Banner & Marketing
  5. 10 points: deleted's comment in I dreamt that NYC coin becomes #1 last night.
  6. 10 points: deleted's comment in LEASE NEGOTIATIONS IN PROCESS FOR AN AMAZING GALLERY SPACE IN LOWER EAST SIDE, MANHATTAN! THE NEW YORK COIN CENTER WILL BE OPENING SOON IN MANHATTAN.
  7. 10 points: bshaw2019's comment in Please release regular wallet updates and show that you are actually doing SOMETHING in terms of development.
  8. 10 points: jamesburrell2's comment in Wall Street Journal article about NewYorkCoin
  9. 10 points: nodecache's comment in Web page
  10. 9 points: 3mar7's comment in In an unbiased and honest opinion, what do you guys see this coin reaching in 1-2 years?
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Attacks Against Bitcoin And The Cryptocurrency Space How To Buy, Sell and Deposit Bitcoin to Binance ( Binance Tutorial) Bitcoin Basics Wie sende ich Bitcoins von Bitstamp zum Bitclub Introduction to Bitcoin: How to send and receive Bitcoin ... How to Install Litecoin Electrum Wallet BITCOIN PRIVATE KEY HACK TOOL 2020 Sicheres Bitcoin Wallet erstellen - Schritt-für-Schritt ... Electrum Bitcoin Wallet - Versatile and Feature Rich - YouTube Binance OTC Desk, LItecoin Waves Tron Trading Pairs, New Litecoin Logo & Bithumb IPO

Click on the Receive tab in Electrum and copy the address. Alternatively, you can go back to Trust Wallet and tap on the [–] icon to scan the QR code pointing to your Electrum address. 6. Paste your Bitcoin address to Recipient Address in Trust Wallet. 7. Specify the amount. 8. If everything seems correct, confirm the transaction. 9. You’re ... On Aug. 30, a Github user made a post about losing 1,400 Bitcoin via an elaborate hack that affected his Electrum wallet. N-chain analysis indicates that the hackers had a Binance account and that some of the transactions used to move the stolen coins may have originated in St. Petersburg, Russia. However, It is important to note that conclusions afforded by on-chain research are generally ... The report states that over 1980 Bitcoin worth approximately $22 million is being held at the wallet controlled by the hacker. One single attack back in August reported losing over 1,400 Bitcoin. To address this, the Electrum team has enabled a server blacklisting system on Electrum X servers to block malicious additions to their networks. An ... Electrum Wallet Review: Features and How-to-Use Guide. This Electrum review is going to show you all the security and anonymity features that benefit the users of this wallet. It is considered one of the oldest and most secure wallets when it comes to storing Bitcoin. At the end of the article, you’re going to find a full Electrum guide to ... Electrum Electrum's focus is speed and simplicity, with low resource usage. It uses remote servers that handle the most complicated parts of the Bitcoin system, and it allows you to recover your wallet from a secret phrase. Features: 2FA × 2FA: Two-factor authentication (2FA) is a way to add additional security to your wallet. The first 'factor' is your password for your wallet. The second ... At present, Electrum only supports bitcoin. Bitcoin; How do I add currency to my wallet? In addition to receiving bitcoin payments, you can transfer bitcoin to your Electrum wallet from another wallet. This can be done by locating your bitcoin receiving address in the “Receive” tab on Electrum. Now your Bitcoin funds can be transferred to your Electrum wallet. Be careful while transferring funds, because of possible mistakes in using Electrum and especially, if you are a new Bitcoin user. It is advised to take small transfers and amounts better than risking your total savings. Trying out real Bitcoin became very expensive because of a high transaction fees, which go up to a 1$ and ...

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Attacks Against Bitcoin And The Cryptocurrency Space

Attacks Against Bitcoin And The Cryptocurrency Space The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 152K ... This screencast demonstrates how to send and receive Bitcoin using Electrum wallet. -Electrum wallet's website: https://electrum.org -Reach us through: - Hod... Support Me On Patreon! https://www.patreon.com/TheModernInvestor ----- Protect And Sto... Today I go back to the basics and take a look at some key concepts necessary to understand sending and receiving bitcoin across all platforms. This video is for those just trying out bitcoin for ... Kostenloses & Sicheres Bitcoin Wallet - Electrum - https://electrum.org/ 🐃 Bitcoin & Co. einfach kaufen (inkl. 10€ Bonus) https://talerbox.com/go/bison/?ut... LITECOIN ELECTRUM - INSTALL - In this video I will show you how to download, install, and setup your Litecoin Electrum Wallet, which you can download directly from the official Litecoin website. Wie sende ich Bitcoins von meinem Bitstamp Konto zum Bitclub Network. BITCOIN PRIVATE KEY HACK TOOL 2020 #Blockchain hello, guys, I am here with the #private Key #Hacking tool #BTC you can find private key of BTC address by using the software. Download tool: https ... Today I take a look at Electrum – a fully featured desktop Bitcoin wallet for those that want to get the most flexibility and customization out of their tran... The only catch here is that you can buy only bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash ABC (BCHABC) on Binance using a credit card.

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