/r/btc
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash.
Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations.
Welcome to /r/btc!
When r/Bitcoin moderators began censoring content and banning users they disagreed with, r/btc became a community for free and open crypto discussion. This happened long before the creation of Bitcoin Cash.
Over the years /r/btc became community of historians & torchbearers, preservers of Satoshi's Bitcoin for future generations. In this place you can learn what "Bitcoin" means and what it truly represents.
Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever.
There is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank. Read the original Bitcoin Whitepaper by Satoshi Nakamoto.
We welcome free and open Bitcoin-related discussion, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. This subreddit was created to uphold and honor free speech and the spirit of Bitcoin; learn more about us.
See a list of past AMAs here. If you are interested in having your own AMA, please message the mods and let us know.
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All moderator actions can be viewed in the /r/btc public mod logs and also here.
/r/btc
I have bought 780 coin thats 4%. You buy now and be a whale whle few sees it yet. Potential for 1000X because its just 50K mcap and 19,199 supply
The Stacks blockchain is undergoing a significant upgrade called 'Nakamoto', which aims to enhance Bitcoin functionality by enabling smarter transaction processing and improved smart contract capabilities. Initiated at Bitcoin block height 840,360, the 'Nakamoto' upgrade will fully activate by late May and focuses on decoupling Stacks’ block production from Bitcoin's blocks to reduce congestion and delays.
This upgrade includes an update to the proof-of-transfer consensus algorithm, allowing new block signers to validate transactions independently of Bitcoin's blockchain. STX token holders are advised to update their wallets and restake their tokens to align with the new system and maintain their staking rewards.
https://www.coinfeeds.io/daily/stacks-blockchain-unveils-nakamoto-upgrade
The volatile high fee market seems to react faster than BCH's fee adaption algo.
Price suggests hash rate should be around ~0.8% but hash rate is closer to 0.2% and shrinking.
Despite a brief dip, Bitcoin (BTC) held steady around $63,700 following its fourth halving, an event historically linked to price rallies. This comes after a significant surge this year, fueled by the launch of spot Bitcoin ETFs in the US. While some analysts predicted a drop after the halving, Bitcoin's resilience throughout market volatility suggests a positive outlook for the cryptocurrency.
For context. I'm kinda neutral in this whole thing. I've held BTC and BCH before, and I have also listened to the counter-audiobook, "The Blocksize War".
"Hijacking Bitcoin" is an excellent book. It should be read/listened to by anyone interested in hearing all sides the Bitcoin story.
It felt like hearing the perspective of the side who just lost a war. Big blockers may have been righteous, but they lost. I came away feeling like big blocks are true to the original Bitcoin vision, and would enable Bitcoin to have the greatest impact, particularly for the world's poorer people, but those things didn't matter in the end.
The book is a truly brutal smear of the current BTC. It honestly did real damage to my conviction in BTC, and I don't think I can ever listen to Micheal Saylor again.
TY Roger Ver for the excellent book. I've consumed a lot of content about cryptocurrency and bitcoin, and this book was an incredibly insightful and unique meal in my diet of crypto-content.
If miners and the industry signal this, wont the blocks eventually just be accepted? If a majority of the industry signal this, eventually someone can mine a block and the small blockers will be forked off. Their hash would be too low and the chain dies.
There should be no other edits, just an increase in the blocksize or a removal of it.
Edit: Thanks everyone for the feedback. I just find it hard to believe that Btc can be controlled by the likes of Adam Back etc. Forks seem to be the only way to deal with them.
Bitcoin's fourth halving event on April 20 led to significant fluctuations in transaction fees. The event reduced the block reward from 6.25 to 3.125 Bitcoin, impacting miners' earnings and influencing market dynamics. On halving day, the average transaction fee spiked to $128, driven by heightened activity and competition to include transactions in the historic block 840,000.
Following the halving, fees normalized to an average of $8-10. Despite reduced miner revenue from lower fees and block rewards, Bitcoin's market price remained stable, indicating that the market had anticipated the event. Additionally, Bitcoin's fee revenue exceeded that of Ethereum in the days leading up to the halving, underscoring the significant interest and activity surrounding this event.
https://www.coinfeeds.io/daily/bitcoin-halving-causes-fee-volatility
So I've skimmed through some of the documentation for Cauldron swap on Bitcoin Cash but I can't get a very good picture of it or how it works. Can someone explain in simple terms?
I think this has huge potential and we could see lots of stuff spin off from it.
As many know, average BTC fees reached $240 on the day of the halving. It's an unlikely coincidence that miner fee revenue increased astronomically on the exact day that block rewards were cut in half. The Runes protocol feels mostly pointless and designed to use up BTC block space to boost fees into the stratosphere.
https://blockspace.media/insight/how-bitcoins-runes-actually-work/
When BTC fees go parabolic, often the price crashes. People who hodl less than $1k worth of BTC are essentially locked into their current wallet until the mempool clears and fees drop.
BCH hashrate has tripled in the last week. BCHG prices are rallying again.
Zero post or mention regarding astronomical fees at the moment there at r/bitcoin. They are so brain ded.
I was just scrolling through the mempool to pass the time, and I came across some pretty interesting transactions:
This inscription take up nearly 1000 times more space than a regular transaction just to put a picture on the blockchain? What's the point?
This transaction looks really professional, but the issue is that it paid 13 times more in transaction fees ($10k). Why did that happen?
The Bitcoin halving of April 17, 2024, marked a pivotal milestone in the history of the cryptocurrency, cutting the block reward in half and reducing the rate of new Bitcoin creation. This fundamental event has the potential to generate a long-term positive impact on the Bitcoin network, boosting its value and attracting new investors.
The reduction in Bitcoin supply, a consequence of the halving, can lead to artificial scarcity, which in turn can drive up the price of the cryptocurrency due to increased demand and lower supply. This scarcity, coupled with inflation control and the prevention of an overabundance of coins, contributes to the long-term stability of the Bitcoin network.
Anybody has any experience with crypto arbitrage?
I wanna get into it, but is it actually worth even trying
I see some coins being in some cases 25% cheaper on some websites, I'm talking big websites not some random ones