Constructive Reflections on Bitcoin in ...

Why I believe we're on the cusp of the 3rd great Bitcoin bubble

We've recovered from the last crash
You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine.
Interest in buying Bitcoins has gone up to its highest point since the last bubble.
There's a similar spike in general interest. Partly helped along by the Silk Road news.
The network is being used at the same rate as during the last bubble.
The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday.
Lots and lots of new businesses now accept Bitcoins
One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
Charities and others are taking donations
The first Bitcoin I ever spent was to donate to Wikileaks. More and more places are setting up Bitcoin donation buttons, because why not?
The $27 story is going massively viral
I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
The first Bitcoin ATM has been installed
Easier way for people acquire Bitcoins with cash. Lots of free publicity. More machines are on their way and will generate more and more news.
Institutional money is coming
Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Interesting new developments
Cool things that didn't exist before the last bubble (as far as I remember).
Governments are explicitly saying it's not illegal
More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges
Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest.
This time around there are more exchanges in more countries, and not a single point of liquidity.
submitted by DTanner to Bitcoin [link] [comments]

While everyone is panicking about p2pool just mined 2 blocks in an hour. Here 2 ways you can help us get more.

This is pretty rare for p2pool, we've actually gotten 4 blocks in the last 3 days. Usually its several days between blocks:
Want to help P2Pool? There are 2 things that anyone can do:
Donate to P2Pool miners directly using the tool setup by Hunterbunter :
Rent mining power from or and point it at p2pool.
ch33s3mast3r wrote an excellent guide for how to use either hash renting service:
The more blocks p2pool mines, the less control ghash has over the network, every little bit helps.
Edit: Wow, great to see this getting some support :-) l it's been a while but since this made it to the front page I might as well add, if anyone is interested in mining on my p2pool node here it is:
I've set the fee to zero for now, if/when i do bring back a fee it will be 0.25% sent directly to a charitable cause such as sean's outpost or wikileaks and not kept by myself.
submitted by evilgold to Bitcoin [link] [comments]

/r/Bitcoin Moderators Refuse to Provide Definition of Consensus

To /Bitcoin moderators:
What is /Bitcoin's definition of consensus?
I had a discussion today via mod mail with BashCo about a post of mine that was deleted from r slash Bitcoin.
It seems to me that the crux of their censorship argument is restricting promotion of non-consensus software. Yet when asked for a definition of consensus, they refuse to provide it.
Imgur link here, transcribed below:
to /Bitcoin sent 8 hours ago
Please unblock this comment. Thanks guys.
[–]from BashCo[M] via /Bitcoin sent 7 hours ago
Thank you for confirming that you're aware of how mod mail works. It's inappropriate to try and ping the entire mod team from the comments. If you have a question, simply contact mods like you just did.
[–]to BashCo[M] via /Bitcoin sent 7 hours ago
Thank you for the prompt feedback.
So, again:
We also expect that as the Bitcoin ecosystem grows, the number of alternative Bitcoin protocol implementations may increase, and it is inevitable that other software projects may release radically different software proposals for the ecosystem to consider. At the end of the day, the Bitcoin Core development team does not decide the Bitcoin consensus rules. Instead, users participate in Bitcoin by making their own choice of which Bitcoin software to run. 
May we please discuss the specific "Bitcoin software" being referenced?
I believe that transparency and end-user education are vital to the prosperity of Bitcoin.
[–]from BashCo[M] via /Bitcoin sent 7 hours ago
As far as I'm aware, this is still a pro-consensus sub. You're more than welcome to educate users on the importance of strong consensus, and even promote your favorite BIPs, but unless I'm mistaken, promoting non-consensus clients will still need to occur elsewhere.
[–]to BashCo[M] via /Bitcoin sent 7 hours ago
Thank you for the clarification.
What is /Bitcoin's definition of consensus?
[–]from BashCo[M] via /Bitcoin sent 6 hours ago
The OP_CLTV soft fork was a pretty good example of what consensus looks like. Notice that it didn't consume a full year of infighting without resolution. Virtually everyone (miners, devs, users, etc) agreed that it was a pretty great proposal and agreed to make it happen before 0.11.2 was even released.
If there were a block size proposal which had at least the support that OP_CLTV, then we might be approaching the level of consensus necessary to pull off a hard fork. Thankfully we really don't need to worry about it for a while, which gives plenty of time for more refined proposals to emerge.
[–]to BashCo[M] via /Bitcoin sent 6 hours ago
This is a good example, thank you.
But to help avoid future confusion, it would be best for /Bitcoin to provide an explicit definition of consensus.
Is this something /Bitcoin can provide?
[–]from BashCo[M] via /Bitcoin sent 6 hours ago
I think a mod discussion on the matter would be worthwhile. Thanks for your feedback.
More information about the original post is available here.
What is /Bitcoin's definition of consensus?
submitted by BobsBurgers3Bitcoin to btc [link] [comments]

We don't need to cooperate with control freaks

This is a new moment in our history. We search for answers. We look to the past, to old dogmas and visions which seem to cloud our judgement further, leave us feeling conflicted and cause tension between allies.
We need to take a step back to simple premises, and examine what we're setting out to achieve. I want to see less powerful and wealthy interests coercing and dominating the world. I want to see more challenges to hegemony and corruption. We need to own our management, with decision making taking place on a local level where choices on contribution, allocation of resources, … are made.
Free software tools like Bitcoin gift us the possibility to self manage our resources, and the power to decide how to expend common funds for public goods.
The United States was originally organised by the founding fathers as a federation of states. Recently freed from English tyranny, they sought to construct a fair and equal system that did not subjugate free peoples.
By constructing our societies as a federation of communities, each providing different models and alternatives within them, we can transcend collectivised straitjacketing and decentralise the system. More free choice for the people. This isn't the same as free choice for the consumers as consumerism is a passive ideology, but instead requires active participation. You are involved in the creation, maintenance and participation. Responsibility no longer comes from states but resides within you, the individual.
Technology tools are already obsoleting the old democratic systems. In Berlin, the German PirateParty is creating a platform for self determination called LiquidFeedback. Elsewhere we are seeing the development of a variety of communication (such as BitMessage), markets and self governance systems.
If we are a bit more socially aware and smarter in our personal decisions (involving economic, life, relationships, …) then we can self organise together. We can outcompete the states by providing services like food, energy, housing, healthcare, education and transport. Services that are better and more aligned with the world we want to see. And by putting our ideals into practice everyday we can make our vision a reality.
Most importantly, people come first, not fixed ideologies. Strength through diversity. We are on one planet, and have to co-exist with different viewpoints. If we can't find a consensus then we'll need to fight, and there are better things to be doing with my time. It's about your community, your proposals, your actions against other groups and their progress.
The reality today is a fragmented market with increasing centralisation. Corporations influence government policy to confer advantage and erect walled gardens against their competitors. This is not a good use of resources. The consequence of our centrally managed economic system is states that want to centralise everything. Europe is trying now to create a unified economic zone with disastrous results, including a growing obsession with surveillance and control.
Opensource offers an alternative. A free market ideal of collaboration based around the UNIX principle of building a brick that does one thing well, creating open ecosystems that emphasise integration and creating fair competitive markets.
We don't need to cooperate with control freaks. Disobedience is the only way.
ZeroMQ guide: Chapter 1, Fixing the World by Pieter Hintjens Internationality, Democracy and Reforming the Bitcoin Foundation by Vitalik Buterin The Cathdral and the Bazaar video The Castle and the City by Pieter Hintjens Bootstrapping A Decentralized Autonomous Corporation: Part I by Vitalik Buterin Bitcoin is money++ by Robert Williamson Why do we want to make unSYSTEM, DarkWallet and all these things? by Amir Taaki Crypto-anarchy Michael Parsons, London entrepreneur, ex-banker and presenter to UK government, talks about Bitcoin regulation. Questions at the end are interesting. The libbitcoin Manifesto by Amir Taaki Catalan Integral Cooperative: Economic Disobedience CIC: General Principles Newspaper about economy and alternatives printed by Enric Duran after taking 500k EUR from Spanish banks. Big Brother is WWWatching You - feat. George Orwell by RAPNEWS about Tor network Revolution: An Instruction Manual by StormCloudsGathering BBC: The Secret Life of Chaos BBC: Science Historian James Burke "balanced anarchy" A Declaration of the Independence of Cyberspace by John Perry Barlow LiquidFeedback - software for direct democracy and achieving consensus How to Make Money from Open Source by Pieter Hintjens Iran sanctions by the US harming ordinary citizens Bitcoin: An International Currency for International Communities by Vitalik Buterin List of Avalon-ASIC-Miner-Developers and Assembler (community hardware development is happening!) Foundation salaries and the development incentives they create payments protocol uses SSL Wikipedia: Hacker subculture Sean’s Outpost Announces Satoshi Forest, Nine-Acre Sanctuary for the Homeless by Vitalik Buterin
submitted by btc-o-matic to Bitcoin [link] [comments]

Subreddit Stats: top posts from 2013-05-02 to 2013-06-01 00:16 PDT

Period: 29.56 days
Submissions % Comments %
Total 1000 47511
Rate (per day) 33.84 1522.53
Unique Redditors 658 6162
Upvotes 117878 81% 229648 76%
Downvotes 26426 19% 69920 24%

Top Submitters' Top Submissions

  1. 2205 pts, 37 submissions: IWillNotBiteYourDog
    1. Thank You, Bitcoin Community | Electronic Frontier Foundation (245 pts, 33 comments)
    2. How 23-year-old Charlie Shrem became a millionaire through Bitcoin (224 pts, 266 comments)
    3. With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins (140 pts, 49 comments)
    4. Bitcoin now outguns all of Earth's supercomputers (132 pts, 53 comments)
    5. Why I Invested in Bitcoin - the Perfect Schmuck Insurance (128 pts, 53 comments)
    6. Should You Trade Bitcoin? An Expert View (106 pts, 88 comments)
    7. Why PayPal is bullish on Bitcoin (81 pts, 34 comments)
    8. [scam alert] Startup Company Cryoniks Ramping Up Production of its 1000 GH/s Bitmining Solution (76 pts, 11 comments)
    9. Government Will Be As Successful At Regulating Bitcoin As Its Been With File Sharing (73 pts, 38 comments)
    10. $1 billion in bitcoin was traded in April—16 times the previous record (69 pts, 3 comments)
  2. 1867 pts, 20 submissions: waspoza
    1. Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup - WSJ (262 pts, 57 comments)
    2. Why Bitcoin will succeed - MarketWatch (226 pts, 136 comments)
    3. The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin (224 pts, 27 comments)
    4. Why won’t Bitcoin die? (220 pts, 97 comments)
    5. Bitcoin will continue to function beyond the reach of government and law (177 pts, 40 comments)
    6. Peter Thiel & Founders Fund lead $2m funding round in BitPay (141 pts, 13 comments)
    7. Your Bitcoins Are Finally Worth Something | TechCrunch (127 pts, 107 comments)
    8. Bitcoin has a good shot at being the currency of the future (60 pts, 20 comments)
    9. A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications (60 pts, 1 comments)
    10. Bitcoin finding its feet at first Silicon Valley conference (54 pts, 1 comments)
  3. 1484 pts, 9 submissions: elux
    1. Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right." (669 pts, 348 comments)
    2. Bitcoin: This article is ranked 35 in traffic on (365 pts, 43 comments)
    3. Three Million Milestone (163 pts, 31 comments)
    4. WSJ: The Weekend Interview With Gavin Andresen - Bitcoin vs. Ben Bernanke (89 pts, 19 comments)
    5. CNET | Winklevoss twins on Bitcoin: "Time to work with the Feds." (78 pts, 103 comments)
    6. LA Times: Bitcoin concept is gaining currency (42 pts, 5 comments)
    7. Avalon ASIC Batch #2 Unboxing (38 pts, 15 comments)
    8. Bitcoin Fund aims to make bitcoin investing easy (22 pts, 4 comments)
    9. BitcoinATM Presentation: The Demo (18 pts, 3 comments)
  4. 1379 pts, 3 submissions: circuitry
    1. ASICMiner USB mining farm (727 pts, 272 comments)
    2. Seems legit. (618 pts, 148 comments)
    3. ASICMiner's "official unofficial" Excel sheet has been updated with an estimated weekly pay-per-share column. It looks good. (34 pts, 24 comments)
  5. 1377 pts, 1 submissions: im14
    1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! (1377 pts, 121 comments)

Top Commenters

  1. ferroh (1674 pts, 340 comments)
  2. btchombre (1161 pts, 130 comments)
  3. theymos (1107 pts, 93 comments)
  4. throwaway-o (970 pts, 245 comments)
  5. 7trXMk6Z (921 pts, 256 comments)
  6. bitcointip (883 pts, 361 comments)
  7. TheSelfGoverned (804 pts, 254 comments)
  8. Lentil-Soup (721 pts, 269 comments)
  9. bitfan2013 (669 pts, 132 comments)
  10. ELeeMacFall (643 pts, 220 comments)

Top Submissions

  1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! by im14 (1377 pts, 121 comments)
  2. Dwolla no longer allowed to do business with MtGox! by Rassah (863 pts, 863 comments)
  3. PayPal shut my account down for giving away free bitcoins with purchases. by NikolaiRimskyK (847 pts, 171 comments)
  4. ASICMiner USB mining farm by circuitry (727 pts, 272 comments)
  5. Update: Over 6000 Fed by SeansOutpost (708 pts, 112 comments)

Top Comments

  1. 221 pts: hollando's comment in Dwolla no longer allowed to do business with MtGox!
  2. 218 pts: vuce's comment in Guys, really... Chill out.
  3. 154 pts: cunnl01's comment in My miner!
  4. 144 pts: gavinandresen's comment in Thank you Gavin!
  5. 144 pts: deleted's comment in Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right."
Generated with BBoe's Subreddit Stats SRS Marker: 1370070984.0
submitted by subreddit_stats to Bitcoin [link] [comments]

Best of - Set Up Your Bitcoin Wallet Jason King of Sean's Outpost @ Coin Congress Jason King of Sean's Outpost on Bitcoin and Charity Free Bitcoin Mining System - ViaBTC Mining Bronze 2020 Payment Proof Jason King of Sean's Outpost Completes his #Bitcoin Run Across America

“Bitcoin has been so instrumental to Sean’s Outpost’s mission because, in our area, it is functionally illegal to be homeless. The socioeconomic conditions that make those laws possible also make it very difficult to fundraise in that area, because the same people that are creating the laws are the people that control most of the economy there. So what Bitcoin has done is, we can open up ... Auch Spenden spielen dabei eine Rolle: Sean’s Outpost, ein Obdachlosenheim in Florida, nimmt seit März dieses Jahres Spenden in Bitcoin an. Mittlerweile hat das Haus rund 30.000 Dollar gesammelt. Es plant, ein Gelände zu erwerben, um darauf den Satoshi Forest aufzubauen – eine Art Dorf mit Bleiben für Obdachlose. Die Immobiliengesellschaft hat zugesagt, dass die gesamte Verkaufssumme in ... Sean’s Outpost, Bitcoin Not Bombs, and Fr33 Aid have used Bitcoin to feed, clothe, and medically aid those in need on the local and global levels. Accepting Bitcoin makes for swift confirmation times that allow charities to get the funds they need immediately so they can get to work efficiently. These Bitcoin charities are also thorough about documentation, something mainstream charities ... This past month was the Bitcoin in the Beltway Conference held in Washington, D.C. The event was planned by Jason King, who recently ran 3,214 miles on a tour called “Bitcoin Across America”. The Conference took place at the Marriott Renaissance in Downtown D.C. and proceeds went to King’s organization, Sean’s Outpost, a homeless outreach and advocacy group that operates on bitcoin ... The Bitcoin100 charity campaign has contributed bitcoin donations to a number of causes since 2011.45 Sean’s Outpost, a homeless-outreach organization located in Pensacola, Florida, has been providing meals and toiletries to Pensacola’s neediest solely with bitcoins.46 The charity’s founder, Jason King, plans to open a nine-acre homeless sanctuary, fittingly titled “Satoshi Forest ...

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Best of - Set Up Your Bitcoin Wallet

Co-Founder, and Founder, Bitcoin Institute Jason King Sean's Outpost Charlie Shrem Co-founder and CEO, BitInstant Charlie Lee Creator, Litecoin Pua Pyland Bitcoin Blogger, The Bitcoin ... Jason ran from Florida to Calfornia to raise awareness about #Bitcoin and Homelessness in America. Learn more about Jason's #Bitcoin Homeless Shelter in Pensacola, Florida -- Sean's Outpost at ... Sean's Outpost founder Jason King sits down with Money & Tech's Seamus Calder at Coin Congress in San Francisco to talk about his Florida-based non-profit charity that helps feed and care for the ... Fala galera, to aqui trazendo mais um vídeo sobre Bitcoins (e por incrivel que pareça, 1 dia depois hahah) to aqui trazendo um app chamado "Bitcoin Miner" qu... Free Bitcoin Mining System - ViaBTC Mining Bronze 2020 Via Bitcoin Mining System Per Day Minimum : 0.025 BTC EARN guarantee Serial Number : TGD54-F14GR-9E1M4-W35FT NEW CUSTOMERS, GET BONUS 0.025 ...