Data: Bitcoin Is In Accumulation, and That Means $10k

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bitcoindark

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Putting a stop to feigned illness on the Internet.

See a post (or site) from someone claiming to suffer from some form of illness or affliction that appears to be gaining traction? Does it seem fishy, and do you have evidence? Submit it here! This is meant for those who are tired of those who are very clearly attempting to "raise awareness" for their own malicious attempts at monetary gain.
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Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

Options Traders are Nearly All Long on Bitcoin; What This Means for BTC submitted by Ranzware to BitNewsLive [link] [comments]

[Google'squantum] means nothing [for Bitcoin] because [...] breakthrough is for a primitive type of quantum computing that is nowhere near breaking cryptography.

[Google'squantum] means nothing [for Bitcoin] because [...] breakthrough is for a primitive type of quantum computing that is nowhere near breaking cryptography. submitted by jaumenuez to Bitcoin [link] [comments]

As major selling pressure for Bitcoin is absorbed, does it mean a relief rally is near?

As major selling pressure for Bitcoin is absorbed, does it mean a relief rally is near? submitted by cryptolobe to cryptolobe [link] [comments]

St. Louis Fed predicts a rapid transition from cash to cryptos: "In the near future, a close cash substitute will be developed that will rapidly drive out cash as a means of payment. A contender is Bitcoin or some other cryptocurrency"

St. Louis Fed predicts a rapid transition from cash to cryptos: submitted by Bastiat to Bitcoin [link] [comments]

Bitcoiners Who Use Tor – Be Warned! FBI has “updated” Rule 41 of the internet that could blacken Tor’s horizon. This means that unless Congress blocks it, using the anonymous browser could become illegal in the near future

Bitcoiners Who Use Tor – Be Warned! FBI has “updated” Rule 41 of the internet that could blacken Tor’s horizon. This means that unless Congress blocks it, using the anonymous browser could become illegal in the near future submitted by maxwellhill to technology [link] [comments]

P2Pcash means no middlemen that you need to have faith in. I only need to trust the network. Because I know at least 1 miner will eventually mine my transaction and spread to the whole network. Because of a near complete graph in bitcoin network.

submitted by haf_demon to btc [link] [comments]

Auto Post from Bitcoin: The value of gold went up nearly 3.5% today. Gold has a market cap of $8 trillion. That means that gold's value increased by approximately $280 billion today, or roughly the value of the entire cryptocurrency market.

Auto Post from Bitcoin: The value of gold went up nearly 3.5% today. Gold has a market cap of $8 trillion. That means that gold's value increased by approximately $280 billion today, or roughly the value of the entire cryptocurrency market. submitted by bunnywinkles to Crypto_Warriors [link] [comments]

“In the near future, we plan to promote Bitcoin Knots as an alternative to Bitcoin Core. This will mean the software presented on the download page will be Knots and not Core.“ Luke Jr going rogue and maybe hacked. His git permissions need to be revoked ASAP!

“In the near future, we plan to promote Bitcoin Knots as an alternative to Bitcoin Core. This will mean the software presented on the download page will be Knots and not Core.“ Luke Jr going rogue and maybe hacked. His git permissions need to be revoked ASAP! submitted by increaseblocks to btc [link] [comments]

St. Louis Fed predicts a rapid transition from cash to cryptos: "In the near future, a close cash substitute will be developed that will rapidly drive out cash as a means of payment. A contender is Bitcoin or some other cryptocurrency"

St. Louis Fed predicts a rapid transition from cash to cryptos: submitted by Anen-o-me to GoldandBlack [link] [comments]

Bitcoiners Who Use Tor – Be Warned! FBI has “updated” Rule 41 of the internet that could blacken Tor’s horizon. This means that unless Congress blocks it, using the anonymous browser could become illegal in the near future

Bitcoiners Who Use Tor – Be Warned! FBI has “updated” Rule 41 of the internet that could blacken Tor’s horizon. This means that unless Congress blocks it, using the anonymous browser could become illegal in the near future submitted by Zigzaglife to Bitcoin [link] [comments]

Bitcoin nearly broke $4000; here’s what that means for March

Bitcoin nearly broke $4000; here’s what that means for March submitted by leftok to atbitcoin [link] [comments]

Bitcoin is nearing a 'death cross' on the charts. Here’s what it means

Let me know thoughts about this:
https://www.cnbc.com/2018/03/28/bitcoin-is-nearing-a-death-cross-on-the-charts-heres-what-it-means.html
submitted by rartokens to BitcoinMarkets [link] [comments]

Chairman Mow is whining like a little bitch. We should all applaud CNBC for trying to educate their viewers into not being bagholders of BCore's Bitcoin. If Samson is crying it means he sees the end is near. Let's keep pushing on folks - we're winning.

Chairman Mow is whining like a little bitch. We should all applaud CNBC for trying to educate their viewers into not being bagholders of BCore's Bitcoin. If Samson is crying it means he sees the end is near. Let's keep pushing on folks - we're winning. submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

P2Pcash means no middlemen that you need to have faith in. I only need to trust the network. Because I know at least 1 miner will eventually mine my transaction and spread to the whole network. Because of a near complete graph in bitcoin network. /r/btc

P2Pcash means no middlemen that you need to have faith in. I only need to trust the network. Because I know at least 1 miner will eventually mine my transaction and spread to the whole network. Because of a near complete graph in bitcoin network. /btc submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin surges to nearly $3800 USD after a dry spell; could this mean a rally?

Bitcoin surges to nearly $3800 USD after a dry spell; could this mean a rally? submitted by n4bb to CoinPath [link] [comments]

Bitcoin mentioned around Reddit: Quick question: If my CPU goes to nearly 100% when I go to a piratebay website, does this mean that they for sure have a bitcoinminer on that website? /r/TPB

Bitcoin mentioned around Reddit: Quick question: If my CPU goes to nearly 100% when I go to a piratebay website, does this mean that they for sure have a bitcoinminer on that website? /TPB submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Overstock expands fresh food delivery and you can pay with Bitcoin. The partnership means that nearly half of Americans currently have access to this continuously expanding service.

Overstock expands fresh food delivery and you can pay with Bitcoin. The partnership means that nearly half of Americans currently have access to this continuously expanding service. submitted by carlosbit to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: St. Louis Fed predicts a rapid transition from cash to cryptos: "In the near future, a close cash substitute will be developed that will rapidly drive out cash as a means of payment. A contender is Bi /r/GoldandBlack

Bitcoin mentioned around Reddit: St. Louis Fed predicts a rapid transition from cash to cryptos: submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

St. Louis Fed predicts a rapid transition from cash to cryptos: "In the near future, a close cash substitute will be developed that will rapidly drive out cash as a means of payment. A contender is Bitcoin or some other cryptocurrency"

St. Louis Fed predicts a rapid transition from cash to cryptos: submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Keiser Report: Bitcoin vs Banksters (E426) Max Keiser talks to entrepreneur and inventor, William Mook, about a near future when bitcoin means banks will not even be needed and 3D printing makes factories obsolete

Keiser Report: Bitcoin vs Banksters (E426) Max Keiser talks to entrepreneur and inventor, William Mook, about a near future when bitcoin means banks will not even be needed and 3D printing makes factories obsolete submitted by maxkeiser to Bitcoin [link] [comments]

02-05 15:54 - 'Your argument is totally fallible. Everyone wins when something is trending upwards; everyone thinks they’re a genius in a bull market. / Just because bitcoin has been on the rise in the past near-decade doesn’t mean growt...' by /u/quantythequant removed from /r/Bitcoin within 0-8min

'''
Your argument is totally fallible. Everyone wins when something is trending upwards; everyone thinks they’re a genius in a bull market.
Just because bitcoin has been on the rise in the past near-decade doesn’t mean growth will continue. These crypto subs have too many people who are self proclaimed investors, who have a near zero background in quant finance, blockchain, or vanilla economics. The sheer amount of internal shilling and stupid “hodl” circlejerking reflects this, and would be funny if so many people weren’t doing it.
My personal opinion is that the market will recover, but that’s a totally different story than you basing your view on past crash-recovery cycles.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: quantythequant
submitted by removalbot to removalbot [link] [comments]

Technical: The Path to Taproot Activation

Taproot! Everybody wants to have it, somebody wants to make it, nobody knows how to get it!
(If you are asking why everybody wants it, see: Technical: Taproot: Why Activate?)
(Pedants: I mostly elide over lockin times)
Briefly, Taproot is that neat new thing that gets us:
So yes, let's activate taproot!

The SegWit Wars

The biggest problem with activating Taproot is PTSD from the previous softfork, SegWit. Pieter Wuille, one of the authors of the current Taproot proposal, has consistently held the position that he will not discuss activation, and will accept whatever activation process is imposed on Taproot. Other developers have expressed similar opinions.
So what happened with SegWit activation that was so traumatic? SegWit used the BIP9 activation method. Let's dive into BIP9!

BIP9 Miner-Activated Soft Fork

Basically, BIP9 has a bunch of parameters:
Now there are other parameters (name, starttime) but they are not anywhere near as important as the above two.
A number that is not a parameter, is 95%. Basically, activation of a BIP9 softfork is considered as actually succeeding if at least 95% of blocks in the last 2 weeks had the specified bit in the nVersion set. If less than 95% had this bit set before the timeout, then the upgrade fails and never goes into the network. This is not a parameter: it is a constant defined by BIP9, and developers using BIP9 activation cannot change this.
So, first some simple questions and their answers:

The Great Battles of the SegWit Wars

SegWit not only fixed transaction malleability, it also created a practical softforkable blocksize increase that also rebalanced weights so that the cost of spending a UTXO is about the same as the cost of creating UTXOs (and spending UTXOs is "better" since it limits the size of the UTXO set that every fullnode has to maintain).
So SegWit was written, the activation was decided to be BIP9, and then.... miner signalling stalled at below 75%.
Thus were the Great SegWit Wars started.

BIP9 Feature Hostage

If you are a miner with at least 5% global hashpower, you can hold a BIP9-activated softfork hostage.
You might even secretly want the softfork to actually push through. But you might want to extract concession from the users and the developers. Like removing the halvening. Or raising or even removing the block size caps (which helps larger miners more than smaller miners, making it easier to become a bigger fish that eats all the smaller fishes). Or whatever.
With BIP9, you can hold the softfork hostage. You just hold out and refuse to signal. You tell everyone you will signal, if and only if certain concessions are given to you.
This ability by miners to hold a feature hostage was enabled because of the miner-exit allowed by the timeout on BIP9. Prior to that, miners were considered little more than expendable security guards, paid for the risk they take to secure the network, but not special in the grand scheme of Bitcoin.

Covert ASICBoost

ASICBoost was a novel way of optimizing SHA256 mining, by taking advantage of the structure of the 80-byte header that is hashed in order to perform proof-of-work. The details of ASICBoost are out-of-scope here but you can read about it elsewhere
Here is a short summary of the two types of ASICBoost, relevant to the activation discussion.
Now, "overt" means "obvious", while "covert" means hidden. Overt ASICBoost is obvious because nVersion bits that are not currently in use for BIP9 activations are usually 0 by default, so setting those bits to 1 makes it obvious that you are doing something weird (namely, Overt ASICBoost). Covert ASICBoost is non-obvious because the order of transactions in a block are up to the miner anyway, so the miner rearranging the transactions in order to get lower power consumption is not going to be detected.
Unfortunately, while Overt ASICBoost was compatible with SegWit, Covert ASICBoost was not. This is because, pre-SegWit, only the block header Merkle tree committed to the transaction ordering. However, with SegWit, another Merkle tree exists, which commits to transaction ordering as well. Covert ASICBoost would require more computation to manipulate two Merkle trees, obviating the power benefits of Covert ASICBoost anyway.
Now, miners want to use ASICBoost (indeed, about 60->70% of current miners probably use the Overt ASICBoost nowadays; if you have a Bitcoin fullnode running you will see the logs with lots of "60 of last 100 blocks had unexpected versions" which is exactly what you would see with the nVersion manipulation that Overt ASICBoost does). But remember: ASICBoost was, at around the time, a novel improvement. Not all miners had ASICBoost hardware. Those who did, did not want it known that they had ASICBoost hardware, and wanted to do Covert ASICBoost!
But Covert ASICBoost is incompatible with SegWit, because SegWit actually has two Merkle trees of transaction data, and Covert ASICBoost works by fudging around with transaction ordering in a block, and recomputing two Merkle Trees is more expensive than recomputing just one (and loses the ASICBoost advantage).
Of course, those miners that wanted Covert ASICBoost did not want to openly admit that they had ASICBoost hardware, they wanted to keep their advantage secret because miners are strongly competitive in a very tight market. And doing ASICBoost Covertly was just the ticket, but they could not work post-SegWit.
Fortunately, due to the BIP9 activation process, they could hold SegWit hostage while covertly taking advantage of Covert ASICBoost!

UASF: BIP148 and BIP8

When the incompatibility between Covert ASICBoost and SegWit was realized, still, activation of SegWit stalled, and miners were still not openly claiming that ASICBoost was related to non-activation of SegWit.
Eventually, a new proposal was created: BIP148. With this rule, 3 months before the end of the SegWit timeout, nodes would reject blocks that did not signal SegWit. Thus, 3 months before SegWit timeout, BIP148 would force activation of SegWit.
This proposal was not accepted by Bitcoin Core, due to the shortening of the timeout (it effectively times out 3 months before the initial SegWit timeout). Instead, a fork of Bitcoin Core was created which added the patch to comply with BIP148. This was claimed as a User Activated Soft Fork, UASF, since users could freely download the alternate fork rather than sticking with the developers of Bitcoin Core.
Now, BIP148 effectively is just a BIP9 activation, except at its (earlier) timeout, the new rules would be activated anyway (instead of the BIP9-mandated behavior that the upgrade is cancelled at the end of the timeout).
BIP148 was actually inspired by the BIP8 proposal (the link here is a historical version; BIP8 has been updated recently, precisely in preparation for Taproot activation). BIP8 is basically BIP9, but at the end of timeout, the softfork is activated anyway rather than cancelled.
This removed the ability of miners to hold the softfork hostage. At best, they can delay the activation, but not stop it entirely by holding out as in BIP9.
Of course, this implies risk that not all miners have upgraded before activation, leading to possible losses for SPV users, as well as again re-pressuring miners to signal activation, possibly without the miners actually upgrading their software to properly impose the new softfork rules.

BIP91, SegWit2X, and The Aftermath

BIP148 inspired countermeasures, possibly from the Covert ASiCBoost miners, possibly from concerned users who wanted to offer concessions to miners. To this day, the common name for BIP148 - UASF - remains an emotionally-charged rallying cry for parts of the Bitcoin community.
One of these was SegWit2X. This was brokered in a deal between some Bitcoin personalities at a conference in New York, and thus part of the so-called "New York Agreement" or NYA, another emotionally-charged acronym.
The text of the NYA was basically:
  1. Set up a new activation threshold at 80% signalled at bit 4 (vs bit 1 for SegWit).
    • When this 80% signalling was reached, miners would require that bit 1 for SegWit be signalled to achive the 95% activation needed for SegWit.
  2. If the bit 4 signalling reached 80%, increase the block weight limit from the SegWit 4000000 to the SegWit2X 8000000, 6 months after bit 1 activation.
The first item above was coded in BIP91.
Unfortunately, if you read the BIP91, independently of NYA, you might come to the conclusion that BIP91 was only about lowering the threshold to 80%. In particular, BIP91 never mentions anything about the second point above, it never mentions that bit 4 80% threshold would also signal for a later hardfork increase in weight limit.
Because of this, even though there are claims that NYA (SegWit2X) reached 80% dominance, a close reading of BIP91 shows that the 80% dominance was only for SegWit activation, without necessarily a later 2x capacity hardfork (SegWit2X).
This ambiguity of bit 4 (NYA says it includes a 2x capacity hardfork, BIP91 says it does not) has continued to be a thorn in blocksize debates later. Economically speaking, Bitcoin futures between SegWit and SegWit2X showed strong economic dominance in favor of SegWit (SegWit2X futures were traded at a fraction in value of SegWit futures: I personally made a tidy but small amount of money betting against SegWit2X in the futures market), so suggesting that NYA achieved 80% dominance even in mining is laughable, but the NYA text that ties bit 4 to SegWit2X still exists.
Historically, BIP91 triggered which caused SegWit to activate before the BIP148 shorter timeout. BIP148 proponents continue to hold this day that it was the BIP148 shorter timeout and no-compromises-activate-on-August-1 that made miners flock to BIP91 as a face-saving tactic that actually removed the second clause of NYA. NYA supporters keep pointing to the bit 4 text in the NYA and the historical activation of BIP91 as a failed promise by Bitcoin developers.

Taproot Activation Proposals

There are two primary proposals I can see for Taproot activation:
  1. BIP8.
  2. Modern Softfork Activation.
We have discussed BIP8: roughly, it has bit and timeout, if 95% of miners signal bit it activates, at the end of timeout it activates. (EDIT: BIP8 has had recent updates: at the end of timeout it can now activate or fail. For the most part, in the below text "BIP8", means BIP8-and-activate-at-timeout, and "BIP9" means BIP8-and-fail-at-timeout)
So let's take a look at Modern Softfork Activation!

Modern Softfork Activation

This is a more complex activation method, composed of BIP9 and BIP8 as supcomponents.
  1. First have a 12-month BIP9 (fail at timeout).
  2. If the above fails to activate, have a 6-month discussion period during which users and developers and miners discuss whether to continue to step 3.
  3. Have a 24-month BIP8 (activate at timeout).
The total above is 42 months, if you are counting: 3.5 years worst-case activation.
The logic here is that if there are no problems, BIP9 will work just fine anyway. And if there are problems, the 6-month period should weed it out. Finally, miners cannot hold the feature hostage since the 24-month BIP8 period will exist anyway.

PSA: Being Resilient to Upgrades

Software is very birttle.
Anyone who has been using software for a long time has experienced something like this:
  1. You hear a new version of your favorite software has a nice new feature.
  2. Excited, you install the new version.
  3. You find that the new version has subtle incompatibilities with your current workflow.
  4. You are sad and downgrade to the older version.
  5. You find out that the new version has changed your files in incompatible ways that the old version cannot work with anymore.
  6. You tearfully reinstall the newer version and figure out how to get your lost productivity now that you have to adapt to a new workflow
If you are a technically-competent user, you might codify your workflow into a bunch of programs. And then you upgrade one of the external pieces of software you are using, and find that it has a subtle incompatibility with your current workflow which is based on a bunch of simple programs you wrote yourself. And if those simple programs are used as the basis of some important production system, you hve just screwed up because you upgraded software on an important production system.
And well, one of the issues with new softfork activation is that if not enough people (users and miners) upgrade to the newest Bitcoin software, the security of the new softfork rules are at risk.
Upgrading software of any kind is always a risk, and the more software you build on top of the software-being-upgraded, the greater you risk your tower of software collapsing while you change its foundations.
So if you have some complex Bitcoin-manipulating system with Bitcoin somewhere at the foundations, consider running two Bitcoin nodes:
  1. One is a "stable-version" Bitcoin node. Once it has synced, set it up to connect=x.x.x.x to the second node below (so that your ISP bandwidth is only spent on the second node). Use this node to run all your software: it's a stable version that you don't change for long periods of time. Enable txiindex, disable pruning, whatever your software needs.
  2. The other is an "always-up-to-date" Bitcoin Node. Keep its stoarge down with pruning (initially sync it off the "stable-version" node). You can't use blocksonly if your "stable-version" node needs to send transactions, but otherwise this "always-up-to-date" Bitcoin node can be kept as a low-resource node, so you can run both nodes in the same machine.
When a new Bitcoin version comes up, you just upgrade the "always-up-to-date" Bitcoin node. This protects you if a future softfork activates, you will only receive valid Bitcoin blocks and transactions. Since this node has nothing running on top of it, it is just a special peer of the "stable-version" node, any software incompatibilities with your system software do not exist.
Your "stable-version" Bitcoin node remains the same version until you are ready to actually upgrade this node and are prepared to rewrite most of the software you have running on top of it due to version compatibility problems.
When upgrading the "always-up-to-date", you can bring it down safely and then start it later. Your "stable-version" wil keep running, disconnected from the network, but otherwise still available for whatever queries. You do need some system to stop the "always-up-to-date" node if for any reason the "stable-version" goes down (otherwisee if the "always-up-to-date" advances its pruning window past what your "stable-version" has, the "stable-version" cannot sync afterwards), but if you are technically competent enough that you need to do this, you are technically competent enough to write such a trivial monitor program (EDIT: gmax notes you can adjust the pruning window by RPC commands to help with this as well).
This recommendation is from gmaxwell on IRC, by the way.
submitted by almkglor to Bitcoin [link] [comments]

What Is Bitcoin? How to Mine Bitcoin? Explained in Bangla BITCOIN Breakout Is NEAR! Dump to 6k or Pump to 9k? WHAT DOES THIS FAILING FUNDAMENTAL MEAN FOR BITCOIN? NEW CORRECTION INCOMING? As Bitcoin Suddenly Surges 7.82%, Traders Spark Breakout Calls Above Bitcoin Basics (Part 1) -

Bitcoin has thus far been unable to break above $10,000 and remains that way even today. But the major difference between now and then, is that data suggests this latest visit to $10,000, is an accumulation phase and not distribution. Data Signals Bitcoin Accumulation Phase Despite Prices Near $10,000 Bitcoin means different things to different people. For some, it’s the future. For others, it is a speculative bubble about to burst any day now. And for most, Bitcoin is still a mysterious platform for internet money. Let’s take a look at what Bitcoin really is. Bitcoin's near-anonymous nature means it is an attractive target for cyber criminals. LightRocket via Getty Images. The total amount of confirmed stolen funds has been put at 4.8 bitcoin–worth This means that there is no possibility of any government or agency to print more money to pay off all their debts. This feature of Bitcoin Kiosk makes it popular. The reality is all real world currencies from around the globe tends to lose small percentage every year, Bitcoin price remains the same or may get higher. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.

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What Is Bitcoin? How to Mine Bitcoin? Explained in Bangla

Mining means solving complex mathematical problems by validating other user’s transactions. Miners are rewarded with digital currencies in return for that task. ... Finding Bitcoin ATM near to ... What Is Bitcoin? Learn about Bitcoin. This animated video is an introduction to Bitcoin Explained in Bangla. What Is Bitcoin? BTC Online What Is Bitcoin & earn bitcoin. In the second half of the show, Max Keiser talks to entrepreneur and inventor, William Mook, about a near future when bitcoin means banks will not even be needed and 3D printing makes factories ... Bitcoin is the first decentralized digital currency. All Bitcoin transactions are documented on a virtual ledger called the blockchain, which is accessible for everyone to see. This Bitcoin basics video series will explain Bitcoin for beginners. You'll learn how Bitcoin works, and how to make money with Bitcoin. Many people are looking to mine bitcoin or trading bitcoin ...

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