Bitcoin Prices : BTC - AUD, Bitcoin - Australian Dollar Rates

Moving bitcoin from Blockchain to Electrum, I was charged 0.0001?

I wanted to try out Electrum so moved 0.01 bitcoin from blockchain (quicksend) to my electrum wallet. it then sent 0.0101 bitcoins from my account, but only 0.01 arrived to my electrum. im guessing 0.0001 was the miners fee, but when i checked on the blockchain app (mac) -> send money -> custom the miners fee is set to 0.
losing 0.0001 obviously isnt a huge deal but just curious as to why that happened.
submitted by assthete to Bitcoin [link] [comments]

[Q] VAR and Impulse Response Analysis correctly applyed on Cryptocurrency Trading Rates? I have several questions that came up during the process

Hey everyone,
I want to look deeper into how cryptocurrencies influence each other and set up a VAR Model with R including the daily closing prices of Bitcoin, Ethereum, Ripple and CRIX (Crypto Index).
https://imgur.com/a/DZxfnYM
I use diff() and log() to make them stationary which is confirmed by ADF- and KPSS-Tests.
https://imgur.com/a/QtjGOLy
Now I need to select the lag p.
lag.p<-VARselect(all.ts.s, lag.max = 100, type = "none", season = NULL, exogen = NULL)
which gives me:
$selection 
AIC(n) HQ(n) SC(n) FPE(n) 5 3 2 5
Since SC has a better performance on large sample sizes I first off go for p=2 and compute the model:
all.ts.s.model <- VAR(all.ts.s, p = 2, type = "none")
This gives me plots like this one for Bitcoin:
https://imgur.com/a/xMem4C7
[Q1] Now here ist my first question. How does the VAR function select the lag parameters? Is it based on the PACF Residuals or does it just go for t-1 and t-2 if we have p=2?
And the following summary:
VAR Estimation Results: ========================= Endogenous variables: btc, eth, xrp, crix Deterministic variables: none Sample size: 1743 Log Likelihood: 12001.507 Roots of the characteristic polynomial: 0.4198 0.4198 0.359 0.3513 0.1483 0.1483 0.1307 0.109 Call: VAR(y = all.ts.s, p = 2, type = "none") Estimation results for equation btc: ==================================== btc = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.0170752 0.0316917 -0.539 0.59010 eth.l1 -0.0242814 0.0179725 -1.351 0.17686 xrp.l1 -0.0149919 0.0158113 -0.948 0.34317 crix.l1 0.0689235 0.0349270 1.973 0.04861 * btc.l2 -0.0472973 0.0359361 -1.316 0.18830 eth.l2 0.0008513 0.0158264 0.054 0.95711 xrp.l2 0.0412428 0.0158348 2.605 0.00928 ** crix.l2 0.0150603 0.0280623 0.537 0.59156 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.04045 on 1735 degrees of freedom Multiple R-Squared: 0.0101, Adjusted R-squared: 0.005539 F-statistic: 2.213 on 8 and 1735 DF, p-value: 0.02402 Estimation results for equation eth: ==================================== eth = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.144872 0.049997 -2.898 0.00381 ** eth.l1 0.067479 0.028354 2.380 0.01742 * xrp.l1 -0.040615 0.024944 -1.628 0.10365 crix.l1 0.169604 0.055101 3.078 0.00212 ** btc.l2 -0.081417 0.056693 -1.436 0.15116 eth.l2 0.007989 0.024968 0.320 0.74904 xrp.l2 0.007146 0.024981 0.286 0.77486 crix.l2 0.066981 0.044271 1.513 0.13047 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.06381 on 1735 degrees of freedom Multiple R-Squared: 0.01235, Adjusted R-squared: 0.007797 F-statistic: 2.712 on 8 and 1735 DF, p-value: 0.005714 Estimation results for equation xrp: ==================================== xrp = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.153670 0.052720 -2.915 0.0036 ** eth.l1 0.060731 0.029898 2.031 0.0424 * xrp.l1 -0.013039 0.026303 -0.496 0.6201 crix.l1 0.099222 0.058102 1.708 0.0879 . btc.l2 -0.081178 0.059781 -1.358 0.1747 eth.l2 0.004083 0.026328 0.155 0.8768 xrp.l2 0.116093 0.026342 4.407 1.11e-05 *** crix.l2 0.047678 0.046683 1.021 0.3072 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.06729 on 1735 degrees of freedom Multiple R-Squared: 0.02133, Adjusted R-squared: 0.01682 F-statistic: 4.728 on 8 and 1735 DF, p-value: 9.388e-06 Estimation results for equation crix: ===================================== crix = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 0.63017 0.02426 25.976 < 2e-16 *** eth.l1 0.08161 0.01376 5.932 3.60e-09 *** xrp.l1 0.06747 0.01210 5.575 2.87e-08 *** crix.l1 -0.50161 0.02674 -18.762 < 2e-16 *** btc.l2 0.21440 0.02751 7.794 1.11e-14 *** eth.l2 0.03057 0.01211 2.524 0.0117 * xrp.l2 0.09026 0.01212 7.447 1.50e-13 *** crix.l2 -0.12353 0.02148 -5.751 1.05e-08 *** --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.03096 on 1735 degrees of freedom Multiple R-Squared: 0.4247, Adjusted R-squared: 0.4221 F-statistic: 160.1 on 8 and 1735 DF, p-value: < 2.2e-16 Covariance matrix of residuals: btc eth xrp crix btc 0.0016321 0.0013076 0.0010312 0.0006704 eth 0.0013076 0.0040632 0.0014506 0.0006398 xrp 0.0010312 0.0014506 0.0045256 0.0005204 crix 0.0006704 0.0006398 0.0005204 0.0009570 Correlation matrix of residuals: btc eth xrp crix btc 1.0000 0.5078 0.3794 0.5364 eth 0.5078 1.0000 0.3383 0.3245 xrp 0.3794 0.3383 1.0000 0.2500 crix 0.5364 0.3245 0.2500 1.0000 
As we can see only the crix estimation has a 'good' fit.
[Q2] Can I remove parameters that are not significant from this to improve the estimation? Can you think of something else for further improvements?
Now I start with the Impulse Response Analysis.
all.ir <- irf(all.ts.s.model, n.ahead = 8, ortho = FALSE, runs = 1000)
This gives us the following for Bitcoin:
https://imgur.com/a/UHqlinI
[Q3] How do I interpret this correctly? Since we "diff-logged" the time series in the beginnig, do we have to undo this step? As I see it: A poitive change of one diff-logged standard deviation of bitcoin would result in a change of 0.6 diff-logged standard deviation of the crix index after one day. Is that correct?
[Q4] Now the following is something I apparently need to do but haven't really understood why and if the Impulse response we did previously is invalid?
Variance-covariance matrix:
 btc eth xrp crix btc 0.0016320844 0.001307606 0.0010312328 0.0006703629 eth 0.0013076059 0.004063220 0.0014505695 0.0006398030 xrp 0.0010312328 0.001450569 0.0045256047 0.0005203659 crix 0.0006703629 0.000639803 0.0005203659 0.0009569768 
Since the off-diagonal elements of the estimated variance-covariance matrix are not zero, we can assume that there is contemporaneous correlation between the variables in the VAR model. This is confirmed by the correlation matrix, which corresponds to:
 btc eth xrp crix btc 1.0000000 0.5077740 0.3794435 0.5363991 eth 0.5077740 1.0000000 0.3382712 0.3244595 xrp 0.3794435 0.3382712 1.0000000 0.2500460 crix 0.5363991 0.3244595 0.2500460 1.0000000 
Therefore we need to decompose the variance-covariance matrix to a lower triangular matrix with positve diagonal elements:
> t(chol(all.ts.s.model_summary$covres)) btc eth xrp crix btc 0.04039906 0.000000000 0.000000000 0.00000000 eth 0.03236723 0.054914313 0.000000000 0.00000000 xrp 0.02552615 0.011369686 0.061194366 0.00000000 crix 0.01659353 0.001870487 0.001234266 0.02601172 
[Q5] This is done automaticly if we set ortho=TRUE within the ifr function, is that correct?
all.oir <- irf(all.ts.s.model, n.ahead = 8, ortho = TRUE, runs = 1000, seed = 12345)
which gives us for bitcoin:
https://imgur.com/a/jCEeIBP
[Q6] Now the effect on the crix index after one day is just 0.02. Thats a massive difference and I wonder how to deal with this.

What do you guys think? Is my method overall correct? I'm gratefull for any advice! Cheers and all the best
Anton
submitted by anton_b_j to rstats [link] [comments]

[Q] VAR and Impulse Response Analysis correctly applyed on Cryptocurrency Trading Rates? I have several questions that came up during the process

Hey everyone,
I want to look deeper into how cryptocurrencies influence each other and set up a VAR Model with R including the daily closing prices of Bitcoin, Ethereum, Ripple and CRIX (Crypto Index).
https://imgur.com/a/DZxfnYM
I use diff() and log() to make them stationary which is confirmed by ADF- and KPSS-Tests.
https://imgur.com/a/QtjGOLy
Now I need to select the lag p.
lag.p<-VARselect(all.ts.s, lag.max = 100, type = "none", season = NULL, exogen = NULL)
which gives me:
$selection AIC(n) HQ(n) SC(n) FPE(n) 5 3 2 5 
Since SC has a better performance on large sample sizes I first off go for p=2 and compute the model:
all.ts.s.model <- VAR(all.ts.s, p = 2, type = "none")
This gives me plots like this one for Bitcoin:
https://imgur.com/a/xMem4C7
[Q1] Now here ist my first question. How does the VAR function select the lag parameters? Is it based on the PACF Residuals or does it just go for t-1 and t-2 if we have p=2?
And the following summary:
VAR Estimation Results: ========================= Endogenous variables: btc, eth, xrp, crix Deterministic variables: none Sample size: 1743 Log Likelihood: 12001.507 Roots of the characteristic polynomial: 0.4198 0.4198 0.359 0.3513 0.1483 0.1483 0.1307 0.109 Call: VAR(y = all.ts.s, p = 2, type = "none") Estimation results for equation btc: ==================================== btc = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.0170752 0.0316917 -0.539 0.59010 eth.l1 -0.0242814 0.0179725 -1.351 0.17686 xrp.l1 -0.0149919 0.0158113 -0.948 0.34317 crix.l1 0.0689235 0.0349270 1.973 0.04861 * btc.l2 -0.0472973 0.0359361 -1.316 0.18830 eth.l2 0.0008513 0.0158264 0.054 0.95711 xrp.l2 0.0412428 0.0158348 2.605 0.00928 ** crix.l2 0.0150603 0.0280623 0.537 0.59156 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.04045 on 1735 degrees of freedom Multiple R-Squared: 0.0101, Adjusted R-squared: 0.005539 F-statistic: 2.213 on 8 and 1735 DF, p-value: 0.02402 Estimation results for equation eth: ==================================== eth = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.144872 0.049997 -2.898 0.00381 ** eth.l1 0.067479 0.028354 2.380 0.01742 * xrp.l1 -0.040615 0.024944 -1.628 0.10365 crix.l1 0.169604 0.055101 3.078 0.00212 ** btc.l2 -0.081417 0.056693 -1.436 0.15116 eth.l2 0.007989 0.024968 0.320 0.74904 xrp.l2 0.007146 0.024981 0.286 0.77486 crix.l2 0.066981 0.044271 1.513 0.13047 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.06381 on 1735 degrees of freedom Multiple R-Squared: 0.01235, Adjusted R-squared: 0.007797 F-statistic: 2.712 on 8 and 1735 DF, p-value: 0.005714 Estimation results for equation xrp: ==================================== xrp = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 -0.153670 0.052720 -2.915 0.0036 ** eth.l1 0.060731 0.029898 2.031 0.0424 * xrp.l1 -0.013039 0.026303 -0.496 0.6201 crix.l1 0.099222 0.058102 1.708 0.0879 . btc.l2 -0.081178 0.059781 -1.358 0.1747 eth.l2 0.004083 0.026328 0.155 0.8768 xrp.l2 0.116093 0.026342 4.407 1.11e-05 *** crix.l2 0.047678 0.046683 1.021 0.3072 --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.06729 on 1735 degrees of freedom Multiple R-Squared: 0.02133, Adjusted R-squared: 0.01682 F-statistic: 4.728 on 8 and 1735 DF, p-value: 9.388e-06 Estimation results for equation crix: ===================================== crix = btc.l1 + eth.l1 + xrp.l1 + crix.l1 + btc.l2 + eth.l2 + xrp.l2 + crix.l2 Estimate Std. Error t value Pr(>|t|) btc.l1 0.63017 0.02426 25.976 < 2e-16 *** eth.l1 0.08161 0.01376 5.932 3.60e-09 *** xrp.l1 0.06747 0.01210 5.575 2.87e-08 *** crix.l1 -0.50161 0.02674 -18.762 < 2e-16 *** btc.l2 0.21440 0.02751 7.794 1.11e-14 *** eth.l2 0.03057 0.01211 2.524 0.0117 * xrp.l2 0.09026 0.01212 7.447 1.50e-13 *** crix.l2 -0.12353 0.02148 -5.751 1.05e-08 *** --- Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1 Residual standard error: 0.03096 on 1735 degrees of freedom Multiple R-Squared: 0.4247, Adjusted R-squared: 0.4221 F-statistic: 160.1 on 8 and 1735 DF, p-value: < 2.2e-16 Covariance matrix of residuals: btc eth xrp crix btc 0.0016321 0.0013076 0.0010312 0.0006704 eth 0.0013076 0.0040632 0.0014506 0.0006398 xrp 0.0010312 0.0014506 0.0045256 0.0005204 crix 0.0006704 0.0006398 0.0005204 0.0009570 Correlation matrix of residuals: btc eth xrp crix btc 1.0000 0.5078 0.3794 0.5364 eth 0.5078 1.0000 0.3383 0.3245 xrp 0.3794 0.3383 1.0000 0.2500 crix 0.5364 0.3245 0.2500 1.0000 
As we can see only the crix estimation has a 'good' fit.
[Q2] Can I remove parameters that are not significant from this to improve the estimation? Can you think of something else for further improvements?
Now I start with the Impulse Response Analysis.
all.ir <- irf(all.ts.s.model, n.ahead = 8, ortho = FALSE, runs = 1000)
This gives us the following for Bitcoin:
https://imgur.com/a/UHqlinI
[Q3] How do I interpret this correctly? Since we "diff-logged" the time series in the beginnig, do we have to undo this step? As I see it: A poitive change of one diff-logged standard deviation of bitcoin would result in a change of 0.6 diff-logged standard deviation of the crix index after one day. Is that correct?
[Q4] Now the following is something I apparently need to do but haven't really understood why and if the Impulse response we did previously is invalid?
Variance-covariance matrix:
 btc eth xrp crix btc 0.0016320844 0.001307606 0.0010312328 0.0006703629 eth 0.0013076059 0.004063220 0.0014505695 0.0006398030 xrp 0.0010312328 0.001450569 0.0045256047 0.0005203659 crix 0.0006703629 0.000639803 0.0005203659 0.0009569768 
Since the off-diagonal elements of the estimated variance-covariance matrix are not zero, we can assume that there is contemporaneous correlation between the variables in the VAR model. This is confirmed by the correlation matrix, which corresponds to:
 btc eth xrp crix btc 1.0000000 0.5077740 0.3794435 0.5363991 eth 0.5077740 1.0000000 0.3382712 0.3244595 xrp 0.3794435 0.3382712 1.0000000 0.2500460 crix 0.5363991 0.3244595 0.2500460 1.0000000 
Therefore we need to decompose the variance-covariance matrix to a lower triangular matrix with positve diagonal elements:
> t(chol(all.ts.s.model_summary$covres)) btc eth xrp crix btc 0.04039906 0.000000000 0.000000000 0.00000000 eth 0.03236723 0.054914313 0.000000000 0.00000000 xrp 0.02552615 0.011369686 0.061194366 0.00000000 crix 0.01659353 0.001870487 0.001234266 0.02601172 
[Q5] This is done automaticly if we set ortho=TRUE within the ifr function, is that correct?
all.oir <- irf(all.ts.s.model, n.ahead = 8, ortho = TRUE, runs = 1000, seed = 12345)
which gives us for bitcoin:
https://imgur.com/a/jCEeIBP
[Q6] Now the effect on the crix index after one day is just 0.02. Thats a massive difference and I wonder how to deal with this.
What do you guys think? Is my method overall correct? I'm gratefull for any advice! Cheers and all the best
Anton
submitted by anton_b_j to AskStatistics [link] [comments]

B(TC)itcoin is slow || My small and humble contribution

https://panzadura.github.io/B(TC)itcoin-is-slow/itcoin-is-slow/)

This is my small and (very) humble contribution: *English is not my first language so I apologize for spelling mistakes and inaccuracies.

B(TC)itcoin is slow

Bitcoin is slow because the block size was left at 1MB - 2MB with Witness Data on the SEGWIT network - after throwing the entire "team" developer of GitHub and being occupied by developers of what is now known as Blockstream.
This size has been maintained and keeps referring to two issues: Mining in China and the decentralization of the nodes or transaction validators that you point out in the article.

Mining in China occupies a good part of the pie that miners distribute - in turn these are the ones that confirm the transactions and undermine the blocks - since 2011 and these Chinese farms are behind something that in the West call "The Great Firewall "that prevents a stable connection and slows down the propagation of the block, its mining and confirmation of the transaction over 3 minutes [1] [2] causing a large part of the mining coming from China and therefore the power of 'Hash' decreased drastically affecting the security of Bitcoin; The less Hash the greater the possibility of being attacked by the Bitcoin network through a 51% attack that could cause double spending - although this gives rise to many debates since the 51% attack on an already "mature" network like Bitcoin requires a Considerable expenditure on mining equipment to control 51% of the mining power and receiving the block reward and the commissions for confirmed transfer on each block would make it less likely that said miner or mining group would like to make a double expense upon receiving sufficient economic compensation. So only a malicious agent with the intentions of destroying the network and assuming the total losses on the investment of equipment would be willing to carry out such operation. Possibilities exist but these are reduced by being the miner compensated for their activity.

In the same references to Chinese mining farms but in another more economical field; Bitcoin has 21 million that are obtained through mining and commissions on transfers. These 21 million are achieved over time and from there it becomes a deflationary element as there is no possibility of printing more coins. The question of the Bitcoin block costly and the influence of Chinese mining goes through the Bitcoin subsidy or, currently called as, block reward: When a miner puts a block in the chain he receives the Bitcoin reward that is "inside" "of that block and which is currently encrypted in 12.5. Every 210000 blocks the reward is reduced by half so in less than a year (312 days from today [3]) it will be reduced to 6.25 so the miners will see their subsidy fall in half unless Bitcoin's price per coin increases considerably or the mining farms begin to close or reduce mining equipment thus decreasing the power of the network's Hash. If Bitcoin reduces by half every 210000 blocks the subsidy per block to miners will come a time when they can only live and maintain their equipment for transaction fees and in a Bitcoin network with 7 transactions per second and a commission that tends to Increase the higher the number of movements in it makes it unfeasible for miners to continue in said 1MB network and above all that people want to use this payment method that is expensive and slow - more even than gold paper - Because remember that Bitcoin born as Peer 2 peer cash, not gold-.
Therefore, if in time the subsidy or reward is going to be 0 or unable to cover the mining equipment expense, it is necessary to find a solution if the developers do not want to touch the block size. And this goes through three issues already raised in BIPs and about the community: RPF (Replace By Fee), Lightning Network and Increase in the number of Bitcoin since the demand for Bitcoin does not rise because it offers a quality service but for security and above all for the manipulation of Tether (USDT) and the large exchange houses:

- The RBF consists in the substitution of a transaction without confirmations for another that would replace it with a higher commission eliminating the previous one of the mempool - the limbo of the transactions to be confirmed in Bitcoin -. Although this system seems effective, it does not eliminate the long-term problem of continuing to maintain the reduced block, but rather removes the problem of financing miners, but does not eliminate it and, above all, kills the operation of Bitcoin transactions by not eliminating the increase in commissions that would distance the user from its use. In addition to more easily allowing double spending [4] [5].

- Lightning Network is a side-chain or second layer, that is, a software development not implemented in the Bitcoin network itself and therefore is not an element of the block chain so this should already be repudiated since being a External and non-auditable element such as Bitcoin gives rise to "blanks" and therefore lack of existence and possibility of auditing accounts [6] and even the loss of money or cancellation of the transaction [7] [8]. It also faces the problem of routing since in a network in constant change with the openings and closures of payment channels it is unfeasible to establish a total and rapid diffusion to the nodes of LN - other than those of Bitcoin - so it comes into play Another new element of this network is the watchtowers in charge of ensuring compliance in open channels and over the entire LN network of payments. Obviously it requires an additional cost to hire this service and it is not yet implemented [9] and taking into account the pace at which Lightning Network is developed, it is doubtful that it will become available [10]. In short, to use properly - which is not successful - LN you need a node valued at $ 300 [11], a watchtower, have a channel open 24/7 and with sufficient funds to carry out transactions [12] [13] [14] .

- The increase in the Bitcoin offer was raised fleetingly by developer Peter Todd [15] [16] and will become an open debate in a few years when the mining block reward is low and the price of Bitcoin cannot be sustained only with uncontrolled printing of Tether and the manipulation on the price of the currency [17] [18] next to the collusion of the exchange houses headed by BitFinex [19] and personalities of the world 'crypto' [20] - if he survives long enough to see that moment since they are already behind Bitfinex for money laundering [21]. When that moment arrives I am sure that a BIP - Bitcoin Improvement Proposal - will be launched by Blockstream or directly notified of the measure destroying the essence of Bitcoin and the TRUE DECENTRALIZATION: THE PROTOCOL.

This brings us to the second reason for the slowness of Bitcoin. The correct and true decentralization goes through the code and the team of developers and maintainers, not any other. The protocol must be engraved in stone [22] and that the action of the miners distribute and decentralize the network and they maintain the nodes and the transactions in a completely capitalist economic relationship. Investing in machines and communication improves access, speed and spread of transactions and blocks and makes miners true competitors as well as facilitating the transmission of money and all kinds of transactions [22].
The decentralization of the nodes was the other great reason to prevent the increase of the block and therefore the speed in the transaction. It is based on a false premise to base the decentralization of Bitcoin - which is nowhere on the whitepaper - on the raspberry nodes. The dispersion of the transaction and all the stages of the transaction and the blocks depend on the miner and his team, as well as the search for excellence in communications to avoid orphan blocks - which are stipulated in the Nakamoto consensus and are part of Bitcoin and not they throw no problem in the transactions only in the resolution of the reward of the block that affects the miners and should seek greater efficiency - and reorganizations. The audit on the Bitcoin network can be perfectly performed without there being a Bitcoin node in each house, in fact it would cause the same routing problems that occur / will occur in the LN network.
Decentralization should not go through nodes but through developers and to a lesser extent by miners. If a protocol is continually being altered by developers they have the power of the network and it must be in constant struggle by the miners through the commission on transactions.

Due to these two factors, the BIP0101 proposed by the developers that Satoshi left in charge [23] and that originated the creation of Bitcoin Unlimited was rejected, later it was attacked due to its recent creation through DDoS attacks in a statement of intentions of the network Blockstream bitcoin [24] [25] remaining as a residual element.

These two reasons are the cause of the drowning suffered by the Bitcoin network - including many other elements that were eliminated and that corresponded to the initial code completely changing the nature and destiny of Bitcoin that are not relevant and I will not enumerate -, Any other reason is propaganda by those who want to keep Bitcoin drowned in order to enrich themselves with mining sub-subsidies and second-layer software like LN. Bitcoin has a structure similar to gold and can collect certain attributes of it but its destination in efficient and fast transmission as effective - among other transactions.

Bitcoin was designed to professionalize miners and create a new industry around them, so mining centers will become datacenters [26] and they will replicate all transaction logs and even this professionalization will eventually lead to specialization in other types of transactions born new industries around you that will support the nodes according to specialization - Data, asset transfers, money, property rights, etc ... -

Bitcoin scales to infinity if they leave the protocol FREE enough to do so.

P.D: Core, since the departure of Hearn and Andersen, they know perfectly well what they are doing: The worst breed from the Cyberpunk movement has been combined with the worst breed of the current synarchy; The ends always touch.

[1] https://np.reddit.com/btc/comments/3ygo96/blocksize_consensus_census/cye0bmt/
[2] https://www.youtube.com/watch?v=ivgxcEOyWNs&feature=youtu.be&t=2h36m20s
[3] https://www.bitcoinblockhalf.com/
[4] https://petertodd.org/2016/are-wallets-ready-for-rbf
[5] https://www.ccn.com/bitcoin-atm-double-spenders-police-need-help-identifying-four-criminals/
[6] https://bitcointalk.org/index.php?topic=4905430.0
[7]https://www.trustnodes.com/2018/03/26/lightning-network-user-loses-funds || https://www.trustnodes.com/2019/03/13/lightning-network-has-many-routing-problems-says-lead-dev-at-lightning-labs
[8] https://diar.co/volume-2-issue-25/
[9] https://blockonomi.com/watchtowers-bitcoin-lightning-network/
[10] https://twitter.com/starkness/status/676599570898419712
[11] https://store.casa/lightning-node/
[12] https://bitcoin.stackexchange.com/questions/81906/to-create-a-channel-on-the-lightning-network-do-you-have-to-execute-an-actual-t
[13] https://blog.muun.com/the-inbound-capacity-problem-in-the-lightning-network/
[14] https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e
[15] https://dashnews.org/peter-todd-argues-for-bitcoin-inflation-to-support-security/
[16] https://twitter.com/peterktodd/status/1092260891788103680
[17] https://medium.com/datadriveninvestotether-usd-is-used-to-manipulate-bitcoin-prices-94714e65ee31
[18] https://twitter.com/CryptoJetHammestatus/1149131155469455364
[19] https://www.bitrates.com/news/p/crypto-collusion-the-web-of-secrets-at-the-core-of-the-crypto-market
[20] https://archive.is/lk1lH
[21] https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=8W00ssb7x5ZOaj8HKFdbfQ==
[22] https://bitcointalk.org/index.php?topic=195.msg1611#msg1611
[23] https://github.com/bitcoin/bips/blob/mastebip-0101.mediawiki
[24] https://www.reddit.com/bitcoinxt/comments/3yewit/psa_if_youre_running_an_xt_node_in_stealth_mode/
[25] https://www.reddit.com/btc/comments/3yebzi/coinbase_down/
[26]https://bitcointalk.org/index.php?topic=532.msg6306#msg6306"
submitted by Knockout_SS to bitcoincashSV [link] [comments]

Oranje Pharma Cannabis Oil Concentrates

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submitted by Emilytube to ReviewFeed [link] [comments]

On June 25, 2015 Gavin Andersen tried to increase the Bitcoin BTC block size through a hard fork. The developers purposely modified Bitcoin Trunk to break his comimts and prevent his code from working.

Here is BIP101, Gavin's proposal for a hard fork block size increase:
https://github.com/bitcoin/bips/blob/mastebip-0101.mediawiki
And here is Gavin's commit to implement it:
https://github.com/bitcoin/bitcoin/pull/6341
His last comment before he closed his pull was:
Closing for now; too painful to try to keep up with the movement of code from main.h to policy/policy.h.
Gaving was writing BCH before it was cool to write BCH.
EDIT: He tried to write code to allow a hard fork with a larger block size. And the other devs made sue his code would not merge back into the main development tree. The title is a little misleading. Apologies. I can't edit it.
submitted by plazman30 to btc [link] [comments]

NY SegWit2x signers can mine Bitcoin Cash without breaking their word (an open letter to miners)

This is my attempt of an open letter to the miners that signed the NY agreement in May and miners who think that SegWit2x is the saver way to scale on-chain.
I get the feeling that you see yourselves obligated to stick with SegWit2x and continue mining on its chain because you singed the Bitcoin Scaling Agreement at Consensus 2017.
You are not obligated to do so.
Here is what you signed to do:
Although it does not say so, it implies that this needs to happen on the bitcoin chain which has since transformed to the SegWit2x chain. But it does not say that you need to mine the SegWit2x chain indefinitely.
Nobody could expect from you to keep the miners running if it is not in your economic interest. You could just turn them off and nobody would say that you broke the agreement.
Switching to the Bitcoin Cash chain is the same. In a way you are shutting your miners on the SegWit2x chain off. You don't block SegWit activation and you don't block the 2x HF down the road.
Meaning you do not break the agreement or lose face in doing so.
You might want to stay on SegWit2x because of economic reasons. But you are not considering that the economy will follow the hashrate. Every BTC owner will own BCC. They will not lose any money if the majority hashpower will switch to Bitcoin Cash.
And in the long run Bitcoin Cash will give miners more profit then SegWit2x thus it is in your interest to switch.
When you signed the agreement in May I thought the SegWit and small blockers advocates would be happy. They got 100% of SegWit and we the big blockers made a huge compromise in going down from originally GB sized blocks with BIP101 to a mere 2MB with no additional increase in the future.
This was an appeasement towards the UASF and Core advocates and giving them way more weight and say than they should have received. Because it looks as if at many (if not on every) conference they are a minority.
But we immediately saw that it had no effect. UASF was going forward nevertheless and even now while having 100% of the blocks voting for SegWit they are still not happy and already plan the future without the 2x HF.
Unfortunately your appeasement did not work.
The SegWit2x path until the November HF will be full of hate, FUD, lies, etc.
I have seen the recent interview with Roger Ver. He looked tired, angry and disappointed. I understand him.
What I don't understand is why he (and maybe you) keep fighting an up hill battle against censorship and Core sheep on their terms when there is a way out.
By moving your hashpower to Bitcoin Cash you change the terms by
We had XT, Classic, BU and we got closer every time.
On August 1st we have ABC (giving us Bitcoin Cash) and it is time to break free.
Please move your hashpower to Bitcoin Cash and make bitcoin what it was always supposed to be. In return secure your future and profit with more on-chain transactions and fees then you will ever get with the proposed L2 road map and self-crippling soft fork upgrades.
Thank you!
edit: fixed the formatting and typos
submitted by torusJKL to btc [link] [comments]

[August 23, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
submitted by BashCoBot to Bitcoin [link] [comments]

Scaling Bitcoin [09/29/15]

This weekly thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time. Unless you have very substantial news to share which warrants a new submission, post your questions and comments here instead. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

"Kevin" just might have saved MtGox's ass...

Imagine this...
Hacker gains control of 250k BTC...
Hacker sells 250k BTC at $0.01 USD knowing that it will quickly deplete to that level and burn through the standing buy orders...
Hacker has 100+ MtGox accounts ready and waiting to buy BTC at $0.01 USD a piece and then cash out the entire amount of BTC from each of the accounts since the most recent and voluminous value would be at the $0.01 trading level...
In other words, the hackers could have extracted almost EVERY bitcoin from the initial trade on MtGox had the price of actually dipped to $0.01 and "Kevin" had not purchased them all at $0.0101.
They would have only needed to press "withrdaw 10,000 BTC" from each of the ghost accounts (that purchased the BTC at $0.01 a few seconds ago).
submitted by HighBeamHater to Bitcoin [link] [comments]

Get your account funded for 0.01 BTC via the tipbot

Alright, here's the deal:
As a lot of people seem to be struggling to get their account funded, I'll make this offer (valid for at least this week, maybe longer, if the response is good valid as long as this thread is on the first page or upon further notice, I actively monitor this thread): I'll sell you 0.01 BTC worth of XRP at market prices and 0 commission (I use the "last trade" price at http://bitcoincharts.com/markets/rippleXRP.html for reference, which reflects the BTC.Bitstamp/XRP market), with the following rules (to limit abuse and to ensure I am only funding new accounts):
So how to do this in practice?
Just fund your bitcointip account with at least 0.01 BTC, post your Ripple address here + attach at least 0.01 BTC as a tip, for example like this (if you want to tip me 0.0001 BTC, this is not a fee!):
rThisIsMyRippleAddress123 Keep the change! +bitcointip @Sukrim 0.0101 BTC verify 
More info about the bitcointip-bot: http://www.reddit.com/bitcointip
I will then later check tips received and send the XRP. If there were large movements in the market, I'll use the price at the time the tip was made, otherwise I'll use the current rate. After you are funded, you can anyways buy more XRP or whatever else you want to do with Ripple using the actual exchange built into it.
submitted by Sukrim to Ripple [link] [comments]

[August 22, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
submitted by BashCoBot to Bitcoin [link] [comments]

[August 26, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

Scaling Bitcoin [10/19/15]

Here's the weekly Scaling Bitcoin thread. It will be tightly moderated to keep discussions on-topic. Comments which don't pertain to the issue of scaling bitcoin, or attempt to derail the thread with meta discussion, are off-topic and will be removed. Those who try to derail the discussion repeatedly may find their comments filtered for approval in future threads. If you have questions that are off-topic, feel free to message the moderators.
If you're sharing very substantial news, feel free to make a new submission in addition to commenting here. Please read the following guidelines before proceeding:
submitted by BashCoBot to Bitcoin [link] [comments]

[September 01, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

[August 29, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

Of Wolves and Weasels - Day 49 - Such Memories

Hey all! GoodShibe here!
So, yesterday I started putting this thing together and WOW did you come out in droves to help! Thank you so much for sharing your ideas and memories. And thank you kindly to the mods for stickying that post!
In one day we reached 60% completion on a list of top 100 Memories and Achievements of Dogecoin! That's amazing! So many fantastic memories and accomplishments!
Which leads me to share some developments.
The title of this endeavor is now - unless someone comes up with something better:
Such Memories: The First 100 Days of Dogecoin
I'm going to be putting this together as a 100-ish paged commemorative book - for free in PDF, probably with some cost as a fancy, printed book (Sold as close to 'at cost' as I can get it -- slipstream- has recommended selling it at a small profit, with profits going toward charities or Dogecoin Foundation for charities, etc - thoughts?).
Artists, if you've got Dogecoin-themed artwork you want to see in this, please, put forward some links to hi-res CMYK copies and I'll do my best to fit it in.
Also! Let's find the funniest, best Dogecoin-related memes that we have put together so far and include them as well! :D)
We're also going to need a cover.
Any artists out there care to try their hand at designing a cover for this?
We'll put it to the community to vote for the one they like the most, and we'll include the others in the book somewhere :D) If you're an artist who submits to the project, you'll get full credit and promotion for your site inside the book (probably in a credits section at the back).
I also want to hear from the community - think up some interesting stories, maybe what got you into Dogecoin. What your fondest memories of Dogecoin are. These first 100 days have been an exciting rollercoaster of adventure... let's make that we never forget all the fun memories we've had together. If you have personal, fun pictures you'd like to share, fun, personal stories you want to see get into the book, then start working on them now, put them into the comments, keep them on hand!.
Here's the list that I have right now - in no particular order:
MOMENTS/ACHIEVEMENTS:
  1. ummjackson's first 'joke' on Twitter about Dogecoin being 'the next big thing'
  2. The original bitcointalk Dogecoin forum page
  3. Dogewallet Hacked
  4. The first Dogecoin paperwallet design
  5. Save Dogemas is put together by the community, to help out victims of the hack. (News articles?)
  6. 15 Million doge raised by the community to save dogemas
  7. SilentShibe's first tip (not sure when that was)
  8. Ophrahshibe's mass-tippings
  9. The forming of the Dogecoin Foundation
  10. Vault of Satoshi adds the first DOGE->USD/CAD exchange
  11. Dogesled - Helping to fund the Jamaican Bobsled team - NPR article
  12. Shibes actually getting to meet with the Jamaican Bobsled team after funding! (pics?)
  13. Olympics Funding: Shibes raise funds to send Indian Lugers to Sochi in a matter of hours
  14. Strange Donuts - The very first brick-and-mortar food purchase with DOGE!
  15. NYC Dogeparty
  16. Doge 4 kids
  17. Doge is now accepted at experiment.com
  18. DOGE bought pizza for the homeless
  19. DOGE's first fork. Scary! slipstream- has found the exact time and date of our first fork: 2014-01-05 00:09:17 (UTC). That's Day 28
  20. The first time a /dogecoin post reached the top of /all (Thanks 42points for the link!)
  21. The first News article to cover Dogecoin - (http://wwwh.eavy.com/tech/2013/12/dogecoin-what-is-shibe-cryptocurrenc/) on Heavy.com dated Dec 9th, 2013, but not sure if it counts as 'News'. Thoughts?|
  22. The first-ever Of Wolves and Weasels post
  23. the creation of Dogec0in.com - a popular Dogecoin waterbowl/chat room
  24. the Christmas Day Dust Fix
  25. Kabosu's owner started accepting dogecoin for charity
  26. Reddit freaked out because they didn't realize it was an online wallet and thought that tiny withdrawals were indicative of hacking
  27. The first Halvening
  28. Our massive jump up from 25 Satoshis
  29. Dogecoin mentioned in the Australian senate (official Transcript here!)
  30. Payment systems for online shops: Moolah.ch, Coinpayments.net, Dogeapi.com
  31. PoS systems for brick and mortar: dogePoS, moolah (still in beta)
  32. Markets to sell product in dogecoin: shibemart.com, muchmarket.com
  33. Classifieds: suchlist.com
  34. Micro jobs network: dogerr.com
  35. The birth of Dogetipbot v1 - Went Live on 12/15/2013 - First ever dogetip!
  36. Rise of the tipbots: Youtube, Facebook, Twitter, Imgur, etc.
  37. Fork #2
  38. The "inflationary" characteristic of Dogecoin announcement from devs
  39. DogeTEL. The first cryptocurrency phone service!
  40. Fido.pw - sending DOGE via SMS anywhere in the world!
  41. Stuffcoins.com - created by stuffcoins an eBay for Dogecoins
  42. alwaysgeeky, Indie dev sells his game VOX for DOGE.
  43. triverske and friends over at /dogecrafters teach our DOGEs how to play Minecraft! with us - and share our DOGEs on any Minecraft Server
  44. vBulletin Forums Integration! daveaite has created a free plugin for vBulletin, allowing users to directly tip one another in Dogecoin!
  45. 'Universal' DOGE Tippers: DogeTip.co, built by woowdoge and Altcend, created by altcy. Send (password protected) tips - both the sender and the receiver have to sign up.
  46. DogeBucket.com is a Crowd Funding/Crowd Tipping website created by Goldiepurps and their team!
  47. Doge Lodge in Tehran, Iran - created by lincoln_lava - is a homestay if you happen to be in the area (or want to visit) for 10K DOGE per night.
  48. ÐTunes, created by hjras is a great place to sell and buy independent music for Dogecoins. Very cool!
  49. Stat-checkers: DogePulse, created by shibeous and Dogedump, created by cryptogaz
  50. Armstrong Steel - A Steel Building OEM Manufacturer is now accepting Dogecoin! Thanks to SekcRokStallion for their efforts to bring their workplace on board! That's most-definitely a first!
  51. Corinthian Transportation is now allowing you to pay for Limo services with Dogecoin!
  52. Buying homemade bbq/marinade sauce with DOGE - dogesauce.com
  53. @Adult's record-setting DOGE-tip on Twitter
  54. (http://www.reddit.com/dogecoin/comments/1yfnrx/looks_like_kraken_got_doge/) that the exchange [Kraken.com](http://www.kraken.com] is now accepting Dogecoin!
  55. The UniverseProject will be using Dogecoin as the main currency for their game VoidSpace.
  56. The "SnowDoge" Competition! Check it out HERE
  57. MultiDoge - First altcoin light wallet.
  58. Treats.io - The first place to buy giftcards with DOGE
  59. Buygold.io - The first place to buy Reddit Gold with DOGE
Added today:
TOTAL: 100/100
Also: I was thinking we might have a pour-one-out for all the Orphans - a page dedicated to all the blocks we lost along the way... thoughts?
What have I missed?! Let me know in the comments!
It's 8:29AM EST and we're at 53.95% of DOGEs found. Our Global Hashrate is spiking from ~61 to ~98 Gigahashes per second and our Difficulty is down slightly from ~1024 to ~1014.
Lots of fantastic things in store, let's keep this list growing!
As always, I appreciate your support!
GoodShibe
TL;DR: 100/100!!!
submitted by GoodShibe to dogecoin [link] [comments]

[September 05, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

Scaling Bitcoin [10/08/15]

This weekly thread is open for discussion on block size and hard forks. This thread is tightly moderated in an effort to keep discussions on-topic. Comments which don't pertain to the issue of scaling bitcoin, or attempt to derail the thread with meta discussion, are off-topic and therefore likely to be removed. Those who attempt to derail the discussion repeatedly may find their comments filtered for approval in future threads. If you have questions that are off-topic, feel free to message the moderators.
If you're sharing very substantial news, feel free to make a new submission in addition to commenting here. Please read the following guidelines before proceeding:
submitted by BashCoBot to Bitcoin [link] [comments]

[August 30, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

[August 25, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

[September 07, 2015] Block Size and Hard Fork Dialog

This thread is open for discussion on block size and hard forks.
New submissions regarding block size and hard forks are not permitted at this time, so unless you have very substantial news to share, post your questions and comments here. Please read the following guidelines before proceeding:
There's been a lot of great discussion so far. Let's avoid falling back into voting cliques. They harm the discussion and will have no impact on the outcome of this debate.
submitted by BashCoBot to Bitcoin [link] [comments]

仮想通貨 ビットコイン・本日の相場2018_0101・新年のご挨拶と年明けの相場 2016 0101 012747 018 IMG 0101 The Tek 0101: Enemy of The Internet High Frequency Bitcoin Trading. DeriBot - The Fastest Crypto Trading Bot. Bot Can trade ETH and BTC.

.0101 BTC to USDT (BTC vs. USDT), How much is .0101 Bitcoin in USDT, Online exchange rate calculator between BTC (Bitcoin) & USDT (Tether). CoinXConverter - Online Currency & Cryptocurrency Converter. When I saw the price of bitcoin fall to $9,500, I pressed buy, defying the wisdom of two finance titans and my wife. One hundred dollars, or 0.0101 bitcoins. (A few days later, I bought another $150.) You’ve thought about it, now it’s time. Create a Wallet. Sign up for the Exchange. Buy Bitcoin in minutes. Posted in Basics, Learn Bitcoin, Video + 2 comments Welcome to Bitcoin . Learn what it is, how it works, and how you can get started using it in this groundbreaking CBT Nuggets series with trainer Keith Barker. BTC USD (Bitcoin / US Dollar) This is the most popular Bitcoin pair in the world. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network.

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仮想通貨 ビットコイン・本日の相場2018_0101・新年のご挨拶と年明けの相場

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