Overstock's Stock (OSTK) and Bitcoin (BTC) Price has ...

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Play Online Poker with Bitcoins

Play Online Poker with Bitcoins
Bitcoin (or BTC) is a decentralized virtual currency which is traded in the same way as currencies or bonds, except that for the storage of Bitcoins it is necessary to download an “electronic wallet”. According to Bitcoin there is no person, company or government that controls Bitcoin, so it requires users for its operation and the greater the demand, the greater its value. One of the main attractions of Bitcoin is its possible anonymity which allows the user to buy, pay and sell products and services without the intervention of any bank or financial institution.
Best Online Casinos to Play Bitcoin Poker of October 2020
In its beginnings, in 2008, Bitcoin did not obtain great popularity, but little by little it began to be adopted by more users and companies. It was in 2011 that the newspapers began to read about Bitcoin, since then companies of great international impact have begun to open their doors to transactions with Bitcoin, some of these companies are: Dell, Overstock and Microsoft.
The increasing adoption of Bitcoin by multinational companies spurred a reaction from government entities, with each country taking very different actions. In August 2013, the German Finance Minister declared Bitcoin as a "unit of account" which can be used for private transactions, which allowed Germany to control this virtual currency. In December 2013, the Chinese government prohibited banks and financial institutions from transacting with Bitcoins due to security and transparency issues. This government action caused a considerable drop in the value of Bitcoin since users in this country could not change their Bitcoins to the local currency. The United Kingdom and the European Union have also recognized Bitcoin as a type of currency and every day this cryptocurrency is accepted by more countries. However, each specific case must be analyzed, for example: in the case of the United States; Bitcoin is not considered a digital currency but rather a taxable product.
Buying Bitcoins for the first time can seem a lot more difficult than it actually is. There are many methods to acquire Bitcoins, the most practical is to acquire them directly from an exchange house or Bitcoins exchange houses. Their names denote their difference, in exchange houses you will go to a provider who will sell you Bitcoins for your local currency, while in exchange houses you interact with other users to exchange Bitcoins for real money. Bitcoins transactions can last from 10 minutes to several hours and are made through a Bitcoin address (similar to mail methods, only the address in this case is a series of numbers and characters), once you receive the transfer you must move your Bitcoins to your electronic wallet before you can use them.
In short, that's how easy it is to use Bitcoins:
· Bitcoin is a virtual currency that is stored in an electronic wallet.
· The value of Bitcoin is decentralized so it fluctuates depending on its demand.
· You can make a Bitcoins transfer in seconds and its verification takes about an hour.
· Once a Bitcoins transfer has been made, it cannot be reversed
· For the most part, Bitcoins transactions are not subject to fees or commissions.
For more detailed information, you can consult the Wikipedia site on Bitcoin here
Sites to play online poker with Bitcoins
Online poker sites have become more popular every day and since the use of Bitcoin is anonymous, decentralized and more or less instant transfers, online casinos have recognized in this cryptocurrency an excellent potential to attract new customers.
The way Bitcoins are used to gamble online divides casinos into two categories: exclusive Bitcoin poker sites and online casinos that accept Bitcoin. So, what is the distinguish between using an online casino that accepts Bitcoins and using a Bitcoin casino to play poker?

https://preview.redd.it/wo0is3x12wu51.png?width=621&format=png&auto=webp&s=b733c7964f58ba0441de2f060fed7aaf1dbfe4ed
Differences between Bitcoin poker and poker sites that accept Bitcoins
There are several differences between using an online casino that accepts Bitcoins and a Bitcoincasino, here are the most important ones:
The great differentiation between these types of online casinos will be the total offer of payment methods to enter or withdraw funds from your casino account, Bitcoin casinos do not accept other payment methods other than Bitcoin transfer, while traditional online casinos They will offer you other payment options such as a bank account or PayPal.
The expenses for using exclusive Bitcoins casinos are minimal and normally there are no fees for withdrawal of funds, contrary to the case of online casinos that accept Bitcoins as one of their payment methods since they most likely will charge you some commission.
Another great advantage of choosing Bitcoin casinos over online casinos is anonymity since you will not need to link your email or personal data to create an account. In addition to the convenience that this anonymity provides, it also streamlines the transfer process in relation to online casinos that require documentation. You should consider that this anonymity also makes Bitcoin casinos vulnerable to security problems with other users.
The game offer does not vary much between a Bitcoin casino and a traditional online casino, the most popular are: poker, roulette, slots and dice. Some small Bitcoin casinos do not turn to typical gaming providers like Playtech and Bets off as they tend to look for smaller providers that you may not have seen before.
Some of the most relevant Bitcoin casinos are: PokerStars, SWC Poker, Bitcoin Casino and Bit casino.
Pros of using Bitcoins when playing online poker
Transfer money to and from your online casino account
The requirements are basically the same as those of any traditional form of payment, of course you must have the electronic wallet software to use Bitcoins, but remember that withdrawals with this cryptocurrency they are usually much faster.
User anonymity
This advantage applies or not depending on the online casino you use, if when you sign up they only ask for information about your Bitcoin account then you will enjoy complete anonymity, however if you need to fill in personal or banking information to register at the casino then this benefit will not apply on that platform.
American users can use Bitcoin
Since Bitcoin is not recognized in the United States as a currency, it can be used as a means to enter and withdraw funds from an online casino account, remember that in the United States the laws vary a lot from one state to another so if you are an American user make sure you know the laws of your state in relation to online gambling before registering on a platform.
The double bet with Bitcoin
Many players opt for Bitcoin to place their bets since there is the possibility of winning some money depending on the exchange rate of Bitcoin when it comes to changing it to their local currency. This is why when used as a payment method for an online casino account, it is considered a double bet.
Best Rake backs
It is normal for Bitcoin casinos to offer better rake backs to their users since their expenses when using Bitcoin as the only payment method are lower, however this applies only to exclusive Bitcoin online casinos.
Cons of using Bitcoins when playing online poker
Where there are advantages, there are also disadvantages, here are the main cons you should consider when betting with Bitcoins.
Bitcoin-exclusive online casinos are sites without regulation or oversight
In the absence of a regulatory entity, it is hard to believe the promise of these casinos to use random platforms and take care of your funds. You must be much more careful when choosing an exclusive Bitcoins casino than a traditional online casino, the reputation and opinion of other players will be very important when choosing a Bitcoin Casino.
Another factor that you should take into account is that the lack of regulation of gambling with Bitcoin does not mean that you are exempt from following the gambling regulations of the place where you live, especially in the case of the United States, where the government has previously intervened in activities of bets regardless of the means of deposit or withdrawal of funds from the companies.
The fluctuating value of Bitcoin
The value of Bitcoin can vary both upward and downward. Its value can change in a matter of hours, and the behavior of its value is not so similar to that of currencies such as euros, dollars, pounds or pesos, but is more similar to the behavior of products such as oil, gold or wheat,
Relative anonymity of Bitcoin
While it is possible to register to exclusive Bitcoin poker sites without giving personal information, the use of Bitcoins can be traced through the blockchains to a personal account.
Lack of support from financial institutions
Being a decentralized currency, Bitcoin is not backed by financial institutions or government, which gives you less support as a user. If there were to be a problem with the Bitcoins system, there would be no government intervention as would happen in the case of a bank. Of course, you should consider that it is thanks to this lack of intervention that transfers with Bitcoins do not charge fees or commissions.
Being a virtual currency it is susceptible to cyberattacks.
While the programming behind the Bitcoins System is sophisticated, so are the hackers' systems. In 2013, the UK Crime Agency reported that several users of this cryptocurrency had been victims of cyber extortion, after receiving an email their computer was infected with a virus and later they were sued for some bitcoins to repair the virus on their computers. Unfortunately there are more cases like this, in Europe a payment provider lost more than a million dollars after a cyberattack.
All transactions are final
Remembering that there is no intervention by financial institutions, it becomes evident that it will be difficult to file a dispute in the event of a transfer error, so you will have to be much more careful.
conclusion
Playing poker online is a game of both chance and strategy. For some bettors it is exceptionally alluring to utilize Bitcoins since they have the chance of expanding their benefits as indicated by the Bitcoin swapping scale.
For many, traditional online casinos play poker with bitcoin will continue to be the best option due to the reliability and regulation of their transactions.
What cannot be denied is that the use of Bitcoins grows day by day and in the world of online poker as in any cyber activity you must consider the most innovative and practical solutions that there is for you.
submitted by emani19 to u/emani19 [link] [comments]

Overstock.com: "About $10,000 worth of Bitcoin from about 100 purchasers has already been spent since the announcement less than two hours ago"

Overstock.com: submitted by Egon_1 to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Bitcoin investment plan

Bitcoin investment plan
Bitcoin hit the $400 cost in November 2015 — something it hadn't done in a year. Expression of bitcoin was arriving at the more standard budgetary distributions around then. An article from Bloomberg gave an account of this cost increment in positive terms once in a while observed from a main standard money related distribution. It expressed, "Bitcoin is having some fantastic luck. Recently we brought up that the virtual money was on a gigantic series of wins. It's up almost 40 percent over the most recent three days."

The Bloomberg article noticed that examiner Gil Luria of Wedbush Securities composed the accompanying to customers prior in 2014: "We accept bitcoin and its related blockchain innovation can possibly upset the current money related foundation throughout the following scarcely any years. We accept the estimation of the bitcoin cash (BTC) will profit by this pattern and consequently are starting inclusion of GBTC with an OUTPERFORM rating and $40 value target."

Simultaneously in November of 2015, Paul Vigna of The Wall Street Journal wrote in his section, "The cost of bitcoin is flooding, traverse the $400 mark just because since last November, in the midst of an eruption of exchanging action and a flood enthusiasm for the innovation basic the digital money."

Bitcoin arrived at a high of $768 in June, 2016, and GBTC moved to a high of $135 around a similar time. At that point bitcoin hit an extremely unpredictable period as an ongoing hack of a bitcoin trade drove costs down. This is characteristic of the benefit, which is obviously not for the tame and preservationist. In any case, is it in any event, something that a speculator ought to consider?

https://preview.redd.it/apz11co31gi41.jpg?width=669&format=pjpg&auto=webp&s=13b9a4211f28f0cee15b8172e17e5dba634bc86e
Would you be able to Make Money With Bitcoin?

Bitcoin is most normally alluded to as an "advanced cash." It's not a physical instrument, however similarly as physical instruments, for example, dollars and coins can be utilized, it can work in its computerized structure as a money to pay for buys. In all actuality, there may not be many retail shops that really acknowledge bitcoin, yet the rundown is developing. It incorporates Overstock.com, Dell, Microsoft, Reeds Jewelers and even the Sacramento Kings. You can even utilize a Visa Mastercard that can be utilized to charge buys that are consequently charged from a shopper's bitcoin wallet.

At the point when you order bitcoin as a cash and contrast it with other money venture alternatives, for example, the U.S. dollar or yen, actually bitcoin was the world's best-performing cash in 2010, 2011, 2102, 2013 and 2015.

What occurred in 2014? It was the most noticeably awful performing cash! This further shows the unpredictability of bitcoin.

Bitcoin as an Alternative Investment

Since the estimation of bitcoin can be named in a dollar esteem and can vary up or down dependent on economic situations, it's a type of cash as well as it tends to be seen as a speculation vehicle also. I used to advise individuals not to put resources into anything in the event that you couldn't discover its cost in either a paper or through a trade. Actually bitcoin is exchanged on trades all through the world on a 24-hour premise. You'll generally know the estimation of bitcoin in dollars or your nearby money.

In any case, before you bounce in and purchase bitcoin or think about it as a venture, it's essential to perceive that bitcoin or any speculation ought to be a piece of a monetary methodology or plan that depends on your present circumstance, just as your objectives, targets and judicious resource assignment techniques.
submitted by Bitcoin12investment to u/Bitcoin12investment [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/wdqni0y8s0341.jpg?width=900&format=pjpg&auto=webp&s=559305cbc911c17b0b4212cf34077649aaeff03b
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/extumj1as0341.jpg?width=1600&format=pjpg&auto=webp&s=0baec13d233184d8120339430294bcb3ef864b5d
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/zl82bhdbs0341.jpg?width=850&format=pjpg&auto=webp&s=ee97f03bb8499a2f82461a4c7a2f8edf32e3a5a4
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/hf0wsbgcs0341.jpg?width=1200&format=pjpg&auto=webp&s=223bf8720c1f36bc8fac9f18ea2e75fbb4758a3a
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/pzrux2ods0341.jpg?width=1159&format=pjpg&auto=webp&s=bed3fe83683076395fed7813c2cd57f5d76a5caa
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to Particl [link] [comments]

Why Getting Merchants to Accept Dogecoin Will Not Raise Its Value...and What Will...

As you've noticed, the price of Bitcoin has gone down, not up, since Overstock.com began accepting it. This reason is that they are treating it as a payment method, not a currency. As soon as a Bitcoin purchase is made, Overstock exchanges the Bitcoin for USD. They have zero interest in carrying Bitcoin.
When they exchange Bitcoin for USD they are taking whatever the market price is. So if the highest offer is say $750/BTC, they take it . They don't set a limit order and demand $800/BTC. This causes the price to drop vs. the USD because they are willing to accept the lowest market bid just to get the BTC off their hands. This was a publicity stunt for Overstock and will be for any future merchants who accept Bitcoin. They are treating it as a payment method, which is of little to benefit to the BTC community.
How can we change this with Dogecoin? By getting merchants who offer unique products and services to ONLY accept Dogecoin (or at the very least, only crypto). No USD. While the merchant may very well exchange said crypto into USD right away, it forces buyers to pay market value to obtain it and thus purchase the product/service. Essentially, the reverse effect of what Overstock has done.
Look no further than the original Silk Road to see how effective this is. Say what you want about the nature of their business, that site is largely responsible for helping drive the price of BTC from tenths of pennies to over $100 at the time of its original October closure - because it forced buyers to obtain BTC in order to purchase the goods offered - and these are goods people obviously wanted, judging by the sales numbers that were made public.
It's important that we educate everyone so that our trip to the moon is not turned back by merchants who accept crypto only to help themselves and gain publicity.
Do we have a directory of merchants and providers who ONLY accept crypto (or DOGE specifically)? This would be a great platform to truly increase the value of digital currencies. Obviously the more unique the product or service (i.e. hard to find at another merchant who accepts USD), the greater the effect.
TO THE MOON!
submitted by SuperJackpot to dogecoin [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/g7tehbcqr0341.jpg?width=900&format=pjpg&auto=webp&s=fe80fbf90193be89c116cdb30ee460ea298d5f9e
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/nt581mjrr0341.jpg?width=1600&format=pjpg&auto=webp&s=7e64c4f95c902fd7c05d8b06e2a3622dc69335cd
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/h9vkgaqsr0341.jpg?width=850&format=pjpg&auto=webp&s=e6cbc946e6e9504a01554bc3924fdf453da438d6
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/30y8m9dur0341.jpg?width=1200&format=pjpg&auto=webp&s=f262509d6389339d1c919932279c124a41be6623
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/cvldgmivr0341.jpg?width=1159&format=pjpg&auto=webp&s=4e6044aeddd1fb7baa7baa01e6efc7e7c9d0a403
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to CryptoCurrencies [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/dtnnh69g8u241.jpg?width=900&format=pjpg&auto=webp&s=063838691c5dad1a75139b97f001de8c4aacb101
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/a4t5engh8u241.jpg?width=1600&format=pjpg&auto=webp&s=06842c65b7327dab71952397a6371c289441dc6b
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/g0ur5lfj8u241.jpg?width=850&format=pjpg&auto=webp&s=0c8430fe184f1ef5dadda9facb0f664a32bc7a72
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/txycsugk8u241.jpg?width=1200&format=pjpg&auto=webp&s=6ac9faec7deb0b6fa5bd52128debbe96643f65ad
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/kbfcdnml8u241.jpg?width=1159&format=pjpg&auto=webp&s=624e7910029a25cbebbb2ef53bb3d05c2ee0ce02
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to ethereumnoobies [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Spending cryptocurrency in real life

Spending cryptocurrency in real life

https://preview.redd.it/vub9kkc3bu241.jpg?width=900&format=pjpg&auto=webp&s=6ce5318173bae6642128286945be9a2ea3e70e4e
Let’s dream that you are traveling on an imaginary tour. And during the whole trip you have only bitcoins with you. Is it possible to get from point A to point B using cryptocurrency only?
Today we can buy, sell, exchange cryptocurrency, and even pay for real items and services with it. Now cryptocurrency is an ultrafashionable digital currency that is still not recognized as an official payment method in different countries. Many countries accept cryptocurrency as something like stocks and securities only but it doesn’t mean that it couldn’t be used as money. Global corporations such as Expedia, Dell and Microsoft are active users of a new payment method. Such way of purchases is not very popular in the world at large at the moment but there are several methods to buy something.
https://preview.redd.it/kh52an84bu241.jpg?width=1600&format=pjpg&auto=webp&s=5fa8c9e22ee33cc26da9716f5191289c6e098de6
First of all, we need to buy tickets, a tour package or book a room in the Hotel. CheapAir, Destina, Expedia, TravelForCoins and some other services will help us to do it. In other words, with a strong desire, you can travel everywhere you want.
Secondly, just in case we can get a pool of fiat money for extras. Ultra-modern Bitcoin ATM will help us. About 58 countries have Bitcoin ATMs. The USA, Canada, and Great Britain are on the top of the rating by the number of machines. ATMs are very modern and smart. The interesting fact is that you can find these machines in a small eatery or a grocery store right between alcohol bottles and magazines.
https://preview.redd.it/xt8s4325bu241.jpg?width=850&format=pjpg&auto=webp&s=184c213da750bc440a3cffe7d3f53b8e8d34bdcd
Thirdly, we have to be ready for the trip and buy a suitcase, a swimsuit or a pair of comfortable shoes. Online shopping will help us with that.
There are hundreds of online stores that accept cryptocurrency, for example, Aliexpress, Overstock, Amazon and many others. If stores accept Bitcoin, there will be an orange and white Bitcoin logo on a par with other methods of payment. Everybody should be as attentive as possible in the process of payment for purchases because if a user makes a mistake he can stay without goods and money.
Nowadays there are even special platforms like Particl where you can buy goods for cryptocurrency only. The main idea of the Particl ecosystem is the building of a digital marketplace. Users can pay with PART coins or choose other cryptocurrencies to make a deal there.
If there are some difficulties with payment in Bitcoins, you will always have an opportunity to buy a gift card online and continue your shopping. One such service of converting cryptocurrency into gift cards is redeeem com. It is a trusted peer-to-peer crypto gift card exchange service. Using Bitcoin and dozens of other cryptocurrencies you will be able to buy something on Amazon, Walmart, or some other global shopping platforms and get a 20% discount or more.
https://preview.redd.it/u8lg56h6bu241.jpg?width=1200&format=pjpg&auto=webp&s=89718777989c2cd93a4a0f4c988b6469b77316bb
Fourthly, you may get bored on the way, so we offer you to download an App and become acquainted with CryptoKitties.
It is a game in which you can buy, sell and grow virtual cats and get benefits. This application blew up the Internet. There are no two similar cats, everyone is unique and has a special set of features. The cat seller sets the initial price at the auction and defines its duration. If the cat is on sale for a long time – it’s getting cheaper. It is not necessary to buy a cat, because everyone can create it. Cats owners have to agree on the creation of an offspring. The owner of a female cat will have a new pet and a male cat owner will get Ethereum. Characteristics of a “newborn” cat will depend on 256-bit genes of “mom and dad”.
Perhaps you will get hungry on the way, and there is no need to go far to find a place where you can eat and pay in Bitcoin. Everybody knows the Subway fast-food restaurant. It is the first cafe where Bitcoin started to be accepted as an official payment because the founder of the restaurant chain is a big fan of digital currency.
Furthermore, if during the trip you want to rent a car for going to see the splendor of landscapes and architecture around, or buy gift certificates for the friend whose birthday you will miss due to travel, there are certain services where you can do it for crypto coins.
Maybe, who knows, your final destination called point B is the incredible outer space. Virgin Galactic group calls itself a high-technology company that is looking to the future and claims that bitcoin is our future. The price for a suborbital flight that they offer is 250 000 U.S. dollars or 342 BTC. The space tourism industry is at the initial stage of development now but it has good prospects.
https://preview.redd.it/lgekkrp7bu241.jpg?width=1159&format=pjpg&auto=webp&s=4b9314cd999f0e2346475b13b0b7f19be649a8cc
As you can see cryptocurrency is legal in many countries and the number of places where you can use it is growing every year. If you would like to know more about the services where we can buy something for digital coins, you can take a look at a special service – coinmap org. It covers the whole world and shows how many places have accepted cryptocurrency in your country. You can also check their location there.
Welcome to the new decentralized world of cryptocurrency!
submitted by SimpleSwapExchange to ethtrader [link] [comments]

Bitcon Exchange Rate And Bitcoin Charts Are Used By The ... bitcoin exchange rate l current bitcoin price l bitcoin ... The Definitive Guide for BitcoinInvest exchange rate ... bitcoin price today l bitcoin exchange rate l bitcoin use ... Overstock.com CEO on How Cryptocurrency Will Change America: Triangulation 158

However, that’s exactly what appears to be the case with t he share price of Overstock.com (OSTK) and the BTC/USD exchange rate. What’s more, it’s not exactly a short-term coincidence at play. Ever since 2014, the technical price charts between the two assets have developed a striking similarity, one that not only seems to grow stronger as times goes on, but that saw its latest example ... A Correlation Between Overstock’s Stock And The Bitcoin Price. There is a very strange “coincidence” happening at the market right now. If you watch closely the Bitcoin price and the Overstock.com (OSTK) stocks at the moment, you can notice that both of them seem to be following the same pattern.. It may look surprising that a public stock would be tracking the Bitcoin price, but that is ... Bitcoin; Ethereum; Stablecoin; Blockchain; ICOs; STO; IEO; Total Exchange; Marketplace ; Luxury Ledger; English. Arabic Chinese (Simplified) Dutch English French German Greek Hebrew Hindi Indonesian Italian Japanese Korean Malay Nepali Portuguese Russian Serbian Spanish Thai Search. Total Exchange Blog. Trade The World. in Blockchain. Overstock’s Blockchain Arm tZERO Gets $5 Million in ... US e-commerce and tech giant Overstock has announced that it has established a blockchain research and development center that will be based in Ireland.. In a press statement issued on Oct. 9, the company revealed that the new R&D base will be situated in ‘IDA’s flagship North West business park in Sligo’. The statement also stated that the center will employ its hundredth employee who ... However, that’s exactly what appears to be the case with t he share price of Overstock.com (OSTK) and the BTC/USD exchange rate. What’s more, it’s not exactly a short-term coincidence at play.

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Bitcon Exchange Rate And Bitcoin Charts Are Used By The ...

Tonya Hall talks to Overstock.com CEO Patrick Byrne about the crypto currency revolution. For the full episode, go to http://twit.tv/tri/158. http://TheGermanBankerSecret.com/BTC Bitcon Exchange Rate And Bitcoin Charts The fluctuating Bitcoin Exchange rate is making Bitcoin charts more important as... bitcoin exchange rate l current bitcoin price l bitcoin price l btc bitcoin exchange rate, bitcoin in hindi, bitcoin use, btc to pkr, bitcoin to pkr, 1 btc t... bitcoin price today l bitcoin exchange rate l bitcoin use l btc to usd bitcoin exchange rate, bitcoin in hindi, bitcoin use, btc to pkr bitcoin to pkr 1 btc ... How to Build an Exchange - Duration: 38:17. Jane Street Recommended for you. 38:17 . How The Economic Machine Works by Ray Dalio - Duration: 31:00. Principles by Ray Dalio 16,861,569 views. 31:00 ...

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