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How to Buy Bitcoin Legally in the U.S.
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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
A place to discuss CoinCorner.com - the easiest way to buy Bitcoin, Ethereum, Litecoin and Ripple in the UK and Europe. CoinCorner is a crypto exchange helping to educate and bring cryptocurrencies to the masses. www.coincorner.com
Has anyone had a bad experience ordering? I got a bit stifled and confused when trying to order the 'other stuff'. Buying BitCoin etc Just don't have time to put into all of that atm. Is CBD stuff likely to be seized in transit?
Hi I have been using and browsing around Tor recently and it is very clear that the literal coin of the realm. My question and request for help are: How and where do I buy BitCoin to use on Tor How do I create a "digital wallet" so it can be used on Tor How do I gain access to my newly bought bit coin once I want to spend it on the Tor network Any advice, posts, wikis, videos, etc. would be so useful because I am totally lost and have no idea how to do this at this point.
Hi I have been using and browsing around Tor for about a month and it is very clear that the literal coin of the realm. My question and request for help are: How and where do I buy BitCoin to use on Tor How do I create a "digital wallet" to it can be used on Tor How do I gain access to my newly bought bit coin once I want to spend it on the Tor network Any advice, posts, wikis, videos, etc. would be so useful because I am totally lost and have no idea how to do this at this point. Thanks!
Hi, would like to buy a Ledger S. I have read some reviews on Amazon saying they are disappointed as it only holds 3 coins. Can I ask what does this mean? It only holds 3 different TYPES of coins at once? Or it means for example, you can only hold a total value of 3 bitcoins?
Will buy a hardware wallet very soon so the faster you can respond the better. Thanks!
Retail Accumulation? Number of Bitcoin Addresses With One or More Coins Sees Solid Rise - We don't need the 1% to buy Bitcoin. We need the 99% to buy it in small amounts so we can exit the current system controlled by the 1%.
The elephant in the (Crypto) room: "Mining" and its energy waste
I know this post is a bit of a wall of text but hear me out. I do my best to explain my thoughts on the drawbacks of mining and why cryptos that cut out mining are so important. "Mining" is a misnomer. To laypeople, using this term to describe the consensus mechanism for Proof of Work cryptocurrencies makes it sound like something productive and worthwhile. Who would criticize someone with the admirable and noble task of working to extract gold from the Earth? A valuable piece of metal is produced thanks to their hard work. But crypto mining is different; while it does have a purpose, it is far from productive. So what is bitcoin mining? If you're to believe the most basic explanations offered such as from this video (https://www.youtube.com/watch?v=GmOzih6I1zs), miners solve "complex math problems". I can still remember when I heard this for the first time (years ago) and even though I'm pretty mathematically inclined, I had assumed this meant that these complex math problems were actually useful and necessary to 'unlock' those bitcoins somehow, and for a long time I didn't think anything more of it. To my mind, I imagined it like there's a million problems to solve and each time you solve one you get a reward. The math problem might have been, for example, to find the next largest prime. Instead the actual problem is, at its most basic level, nonce finding. See https://en.bitcoin.it/wiki/Nonce. Different coins or forks may use a different problem but the end result is the same - energy is spent solving a pointless problem ('pointless' in the sense that the actual math answer doesn't benefit anyone). In reality bitcoin mining could be better described as "provably expending energy in exchange for lottery tickets". It's an arms race of everyone competing to waste energy. The more energy wasted, the more likely one is to win the lottery. See here for an example: https://www.youtube.com/watch?v=K8kua5B5K3I&t=2m44s. I find it abhorrent that there are entire businesses (at several scales at that) set up primarily to "mine" bitcoin or other coins. I see videos like this one (Digital Gold: https://www.youtube.com/watch?v=kxbCHlXZ-0U) and think it bizarre that it's considered acceptable for businesses set up to waste energy to protect the network and that people are so sad when the market takes a turn and they have to close up shop. Your business model is to compete with other people to waste energy to earn lottery tickets that have variable value. Those who can lower their operating costs the most will be the most profitable (or with the way difficulty adjustments happen, perhaps the *only* ones profitable). A portion of the money flowing in to buy BitCoin is being used to prop up these wasteful businesses. Because it's considered normal by now people don't get outraged at this fact. Some people who have been around crypto for years take it for granted that this type of process is necessary for security of the network, and to some extent this misunderstanding is forgivable as it is the oldest method and has worked quite well especially at small scale (not mass adoption) when the total energy expenditure was not all that high. Proof of Stake cryptos have demonstrated this is not the case (that the waste is necessary), and in particular cryptos like Nano with its Delegated Proof of Stake show potential for being just as, if not more, secure than PoW coins due to there being less centralization pressure due to having no significant incentive to trying to control more of the vote versus economies of scale pushing the small miners out of business in PoW. A big part of the reason BitCoin transactions became so expensive in Dec 2017 was that to "buy" a transaction in the BitCoin network you had to pay for a part of the combined energy wastage of the network; the other component being that you're also in a bidding war against other people determined to get their transaction included in the next block. So your transaction fee (aka 'mining fee') is you trying to outbid other people to see who gets to pay for the person wasting electricity. Imagine if each end-user scoffing at the $20+ withdraw fee on coinbase at the time actually understood what was behind that fee rather than thinking of it as a nebulous "network fee". A quote I saw on cc that exemplifies this mindset is as follows: "And a chain with no fees has no mechanism to pay for security. There NEED to be fees, they just need to be lower than with fiat payment systems." So many of the BitCoin clones/forks make some attempt to mitigate this problem by, for example, increasing blocksize or changing other parameters like block times. In the end though, most of them are still based on this method of energy wastage to secure the network, aka Proof of Work. Now if there were no more efficient method than PoW mining then it might be fair to say that its energy expenditure (comparable to the entire energy use of a small country like Belgium) is a necessary price to pay for the value provided by the unique features of the network. In other words, that the energy cost is 'worth it'. The thing is though, there *are* ways to secure a network with far less (or virtually no) energy cost and Nano provides one such case. Does anyone else find it insane that people in this space think it's normal the energy waste that goes into so called "mining"? Do we need to re-label mining to something that better reflect its nature? Because the end user is generally not involved with the mining, I think they don't really consider the energy cost that their transactions have. And to most of these people, telling them the entire Nano network can be powered by a single wind turbine probably doesn't mean anything. Does there need to be a grassroots movement to push back against wasteful 'mining'? Laypeople concerned about the environmental impact caused by the energy wastage of cryptos often seem to be under the impression that all crypto is necessarily wasteful. How can we get people to care if at the end of the day they just pay a fee and don't get to see the impact? Nano being feeless is one of its biggest strengths but not just because it saves people using it a little bit of money; it's more the fact it cuts out the massive-scale problem of mining. This is hard to get across in a short slogan like "fast, feeless, scalable" though.
You travel back in time to 2009 and win the Megamillions/Powerball then buy BitCoin at .0015 cents, then you hold the BitCoin until it reaches $19,000 because you're a greedy fuck and sell. Now you got all of this cash to buy the Ticket to make it your toy. What do you change? I'd get rid of the mandate to force sports talk and let the hosts have free reign over their shows because I want to be entertained, and I don't give a shit about making money. In fact, I use the station as a loss center so I can write it off on my taxes.
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