Whats the best wallet that is NOT a website such as blockchain etc?... Something like Multi Bit
I am constantly sending and receiving bitcoin, and I need a fast wallet that can update the chain quickly in realtime exactly how blockchain's wallets work. I don't know how safe blockchain's wallets are and would like to know more about keeping my coins as safe as possible. I am not doing paperwallets or cold storage, I need full access to the coins to send/receive. Thanks!
Hey Folks: I've been thinking of taking on a new side project, to make a forked version of the excellent Copay bitcoin wallet (see open source on GitHub : https://github.com/bitpay/copay ). The purpose of this forked version would mainly be to:
Strip out some of the more unnecessary stuff, in my humble opinion, like Coinbase integration (ugh) and the Glidera stuff (not even available in most areas), and the gift card stuff (doubtful I'll ever use it, personally).
Implement my proposed design improvement for an advanced feature for MINER FEE control. See my long-running issue thread about this on the main Copay github, which is one of the most commented threads and has gotten a lot of user support but -- so far -- has really gotten zero developer support. They seem hostile to the idea, it's been a YEAR since I first posted the issue but nothing's happened on it, and they apparently just don't wanna do it, for whatever reason :(
Now, mind you: I'm not a programmer and I've never done a GitHub fork myself. I'm just a Copay user and (former) User Interface Designer who wants a better bitcoin wallet! Copay is already one of the BEST wallets out there, and I use it every single day. It just could use a little help and improvements in a few ways, as I see it. (AND, maybe, if what we do turns out to be popular, maybe the Copay devs will finally see fit to merge OUR work back into the main project too! One can only hope...) Anyway, I'm just proposing to "manage" this, just maybe as a side project, and to do so I'll probably have to put some of my own money into hiring some programmers to do the actual work (most likely some reasonably priced eastern european or india coders, from one of the freelance sites). To recoup my costs on this (plus maybe a little profit, ya know, for the effort?) I'd probably need to charge a little bit for the resulting app, or at least ask for donations. Not sure how much it'd cost, however: what do ya'll think you'd be willing to pay for a cleaner, simpler Copay version? Just "thinking about" doing this, at this point... nothing solid decided for sure. Appreciate any/all comments or suggestions... Thanks :)
Finally. Copay malware also out of the wallet list in bitcoin.org
[–]jimmytruelove [score hidden] 11 hours ago
What's this?? What CoPay malware?? I use CoPay I'm worried
[–]blurrech[S] [score hidden] 10 hours ago
The only mention of malware on that page is a duplicate issue. Supporting one side or other in a proposed hard fork does not make a wallet malware. This is needless scaremongering. The BCH fork proved the resilience of the blockchain to minority forks - when the 8% not backing segwit2x become a minority chain, everything will be fine.
[–]jimmytruelove [score hidden] 10 hours ago
Can you explain in layman's terms what's wrong with CoPay? I have 3 wallets on their desktop and iOS client with a not small amount of BTC... I tried reading through the link above but unfortunately I don't understand.
13057123841 [score hidden] 10 hours ago
Come November they won't be running Bitcoin.
SpeedflyChris [score hidden] 10 hours ago
You're assuming that the non-2x version of Bitcoin will be considered the "main" version come november. At present a significant part of the hashrate is slated to leave.
13057123841 [score hidden] 9 hours ago
That doesn't matter.
L.O.L. The shill accounts at /Bitcoin keep trying to spin and spin but the truth keep coming out. The majority of miners/companies/wallets are ditching Bitcoin Core and they still try to downplay it, crooks being crooks to the end.
https://www.reddit.com/btc/comments/6u8zp1/blockstream_theres_no_upgrade_just_some_companies/ Blockstream: There's no upgrade, just some companies leaving to make an altcoin. This is what they call "some companies": Bitcoin Scaling Agreement at Consensus 2017 The group of signed companies represents a critical mass of the bitcoin ecosystem. As of May 25, this group represents: 58 companies located in 22 countries 83.28% of hashing power 5.1 billion USD monthly on chain transaction volume 20.5 million bitcoin wallets
I am really surprised that paleh0rse isn't banned on /Bitcoin yet, that guy kept telling the truth over there at North Corea, salute, my friend.
What is Garlicoin? Garlicoin is a community-based cryptocurrency that was originally founded based on a meme of garlic bread that reached the front page of Reddit. The concept of a memecoin is similar to that of the more well-known Dogecoin, but Garlicoin is actually a fork of Litecoin, which is itself a fork of Bitcoin. What technology is behind Garlicoin? As it's just a fork of Litecoin, it's basically the same thing with how the addresses, wallets, etc. work but there are a few key differences. Most importantly, the mining algorithm is called "Allium," which was specially developed to be ASIC-resistant. Originally the coin was based on Scrypt-N but a hard-fork occurred on 2/16/2018 in order to solve the problem of ASICs that were discovered on the network. Another key difference is that Garlicoin only has a 40 second block time, so transactions confirm very fast. Who developed Garlicoin? Disclaimer: Most of the code was copy-pasted. However, there are a few developers that continue to work on the project. u/DigitalizedOrange was the founder, he likes anime. Most of the moderators are also part of the team. Should I invest in Garlicoin? Like any cryptocurrency, don't treat it as investing. Treat it like speculation or gambling. If you're not willing to lose that money, the answer is no. Garlicoin has even more risk behind it as it isn't trying to be at the forefront of technology or anything. All we have is meme appeal and garlic bread. Why did the price just moon? Or why did it just crash? With such a low volume in Garlicoin exchanges, the price can be easily manipulated. Trade with caution. How can I start mining? Check out the mining section in the links and tutorials down below. There's a great guide to setting everything up by Pandawan. Why does the explorer show a different value than my web-based wallet? Some web-based wallets, such as GarlicWallet.com, are shared wallets meaning that you don't own the private keys and the website will move your coins around between addresses. The address you receive just credits your online account so you can withdraw a specific amount however you technically do not own those coins and if the site goes down then you may lose access to them forever. For that reason, it's highly recommended that you use a wallet where you own the private keys. Paper wallets are the most secure for large values as long as you physically keep them in a safe place, as they cannot be hacked. What other Garlic Bread goodness can I get into? Check out GBDS (dating simulator) and GarlicBreadMemes if you can't get enough. I have another question that isn't answered here! First try using the search bar for this subreddit. If you can't find an answer then you can create a new thread and someone from the community will most likely help you. If I forgot to add a commonly asked question to this guide, or if there's anything else you'd like to see explained/linked here, please let me know in the comments.
Since the top exchanges by trading volume for Bitcoin Cash from coinmarketcap are South Korean, I browsed the South Korean message boards and found this. Just wanted to share with you guys. This was about 30 hours ago, just before the price spike. Shows what Korean sentiment is (and why Bitcoin Cash is being valued higher on their exchanges).
From 8 am on August 16, I mined Bitcoin Cash (BCH) block chain with 8MB block size at Bitclub Network. Block # 479469 handles over 37,000 transactions in mempool, creating the largest block of blocks ever found in the BCH chain. Meanwhile, the BCH network has infrastructure development and industry support. The 8MB blocks found in Bitcoin Cash Blockchain handle 37K transactions! Bitcoin Cash started on the 16th and network split was on August 1st. The BCH chain began to be mined, and the diggers processed 918 blocks after hard fork. On August 16, from 6:00 am to 7:00 pm, unidentified transactions in the EDT seemed to spam the BCH network. About an hour later, we discovered an enormous 8MB block in the mined pool Bitclub Network that handled 37,814 BCH transactions. Two hours later, another large block was mined from the BCH chain, which is 4 MB in size. Incidentally, the memo pool in the bit coin (BTC) block chain is filled and there are over 48,000 unverified transactions in the media. Currently, BCH chain difficulty is performed in the top 13% of BTC. Unknown diggers or mining groups captured vast quantities of BCH hash rates and mined 90% of all blocks found. Since the Pool did not leave a clue as to its location or identity, no one can determine who or who is the miner. Today, however, the BTC block chain is 1311 blocks ahead of the BCH chain and is still 69% more profitable for mining. Infrastructure Support The BCH market has remained fairly steady, maintaining a range of $ 300 last week. Digital calls received more support this week in various industry decryption projects. For example, Breadwallet announced the BCH Transmission Tool for Android and iOS mobile platforms on August 15th. BCH supporters found another incredible fact when BitPay announced that customers using Copay and Bitpay wallets could access the token. Bitpay does not plan to fully support tokens in the software's user interface, but Wallet users want an option to search Bitcoin Cash if they want. In addition to two wallet tools, Breadwallet and Bitpay, another wallet with BCH support has been introduced to the sponsor. Openbazaar developer Chris Pacia has developed a wallet for digital calling that is currently in Alpha. Pacia asked the BCH supporters to help with the test. Because of the software in the early stages, he warns you carefully not to store large amounts of money in your wallet. At this stage, you can find the developer's BCH wallet project and source code. Added Swiss Private Bank, Ether, Litecoin and Bitcoin Cash Asset Management Bitcoin Cash 8MB Block 479469 has completed more than 37,000 transactions and Bitcoin Suisse AG has announced a detailed BCH support announcement that Falcon Private Bank will allow decryption asset management for ETH, LTC and bit coin cash. Bitcoin.com has reported on the initial setup of BTC management implementation and now customers can buy, exchange and store BCH on the bank platform. Niklas Nikolajsen, founder and CEO of Bitcoin Suisse AG, is helping the company add new digital assets to Falcon, which is exciting news. "Bitcoin Suisse is proud to continue to support Falcon Private Bank products in the field of encryption assets," Nikolajsen explained. Falcon Private Bank became the first bank to provide direct bit coins to customers. The decision to take action by adding ether as well as other cryptographic assets became a private bank for cryptographic asset holders and investors. " Bitcoin cash supporters take an optimistic attitude and give each other tips. BCH supporters seem to be very optimistic about the future of digital currency, which has received much attention over the last two weeks. According to Google Trends data, the phrase "Bitcoin Cash" was more popular than "Ethereum" this week. The new encryption also has its own tip bot for the Reddit Forum called "Cash Tip Bot" which allows BCH to send small micropayments.
What is a Cryptocurrency Wallet? Use this straightforward guide to learn what a cryptocurrency wallet is, how they work and discover which ones are the best on the market. A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet. How do they work? Millions of people use cryptocurrency wallets, but there is considerable misunderstanding about how they work. Unlike traditional ‘pocket’ wallets, digital wallets don’t store currency. In fact, currencies don’t get stored in any single location or exist anywhere in any physical form. All that exists are records of transactions stored on the blockchain. Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchain so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address. To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet. What are the different types of Cryptocurrencywallets? There are several types of wallets that provide different ways to store and access your digital currency. Wallets can be broken down into three distinct categories – software, hardware, and paper. Software wallets can be a desktop, mobile or online.
Desktop: wallets are downloaded and installed on a PC or laptop. They are only accessible from the single computer in which they are downloaded. Desktop wallets offer one of the highest levels of security however if your computer is hacked or gets a virus there is the possibility that you may lose all your funds.
Online: wallets run on the cloud and are accessible from any computing device in any location. While they are more convenient to access, online wallets store your private keys online and are controlled by a third party which makes them more vulnerable to hacking attacks and theft.
Mobile: wallets run on an app on your phone and are useful because they can be used anywhere including retail stores. Mobile wallets are usually much smaller and simpler than desktop wallets because of the limited space available on a mobile.
Hardware: wallets differ from software wallets in that they store a user’s private keys on a hardware device like a USB. Although hardware wallets make transactions online, they are stored offline which delivers increased security. Hardware wallets can be compatible with several web interfaces and can support different currencies; it just depends on which one you decide to use. What’s more, making a transaction is easy. Users simply plug in their device to any internet-enabled computer or device, enter a pin, send currency and confirm. Hardware wallets make it possible to easily transact while also keeping your money offline and away from danger.
Paper: wallets are easy to use and provide a very high level of security. While the term paper wallet can simply refer to a physical copy or printout of your public and private keys, it can also refer to a piece of software that is used to securely generate a pair of keys which are then printed. Using a paper wallet is relatively straightforward. Transferring Bitcoin or any other currency to your paper wallet is accomplished by the transfer of funds from your software wallet to the public address shown on your paper wallet. Alternatively, if you want to withdraw or spend currency, all you need to do is transfer funds from your paper wallet to your software wallet. This process, often referred to as ‘sweeping,’ can either be done manually by entering your private keys or by scanning the QR code on the paper wallet.
Are Cryptocurrency wallets secure? Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security. Although online wallets have proven the most vulnerable and prone to hacking attacks, diligent security precautions need to be implemented and followed when using any wallet. Remember that no matter which wallet you use, losing your private keys will lead you to lose your money. Similarly, if your wallet gets hacked, or you send money to a scammer, there is no way to reclaim lost currency or reverse the transaction. You must take precautions and be very careful!
Backup your wallet. Store only small amounts of currency for everyday use online, on your computer or mobile, keeping the vast majority of your funds in a high security environment. Cold or offline storage options for backup like Ledger Nano or paper or USB will protect you against computer failures and allow you to recover your wallet should it be lost or stolen. It will not, however, protect you against eager hackers. The reality is, if you choose to use an online wallet there are inherent risks that can’t always be protected against.
Update software. Keep your software up to date so that you have the latest security enhancements available. You should regularly update not only your wallet software but also the software on your computer or mobile.
Add extra security layers. The more layers of security, the better. Setting long and complex passwords and ensuring any withdrawal of funds requires a password is a start. Use wallets that have a good reputation and provide extra security layers like two-factor authentication and additional pin code requirements every time a wallet application gets opened. You may also want to consider a wallet that offers multisig transactions like Armory or Copay. A multisig or multi-signature wallet requires the permission of another user or users before a transaction can be made. Multi-currency or single use?
Although Bitcoin is by far the most well-known and popular digital currency, hundreds of newcryptocurrencies (referred to as altcoins) have emerged, each with distinctive ecosystems and infrastructure. If you’re interested in using a variety of cryptocurrencies, the good news is, you don’t need set up a separate wallet for each currency. Instead of using a cryptocurrency wallet that supports a single currency, it may be more convenient to set up a multi-currency wallet which enables you to use several currencies from the same wallet. Are there any transaction fees? There is no straightforward answer here. In general, transaction fees are a tiny fraction of traditional bank fees. Sometimes fees need to be paid for certain types of transactions to network miners as a processing fee, while some transactions don’t have any fee at all. It’s also possible to set your own fee. As a guide, the median transaction size of 226 bytes would result in a fee of 18,080 satoshis or $0.12. In some cases, if you choose to set a low fee, your transaction may get low priority, and you might have to wait hours or even days for the transaction to get confirmed. If you need your transaction completed and confirmed promptly, then you might need to increase the amount you’re willing to pay. Whatever wallet you end up using, transaction fees are not something you should worry about. You will either pay minuscule transaction fees, choose your own fees or pay no fees at all. A definite improvement from the past! Are cryptocurrency wallets anonymous? Kind of, but not really. Wallets are pseudonymous. While wallets aren’t tied to the actual identity of a user, all transactions are stored publicly and permanently on the blockchain. Your name or personal street address won’t be there, but data like your wallet address could be traced to your identity in a number of ways. While there are efforts underway to make anonymity and privacy easier to achieve, there are obvious downsides to full anonymity. Check out the DarkWallet project that is looking to beef up privacy and anonymity through stealth addresses and coin mixing. Which Cryptocurrency wallet is the best? There is an ever-growing list of options. Before picking a wallet, you should, however, consider how you intend to use it.
Do you need a wallet for everyday purchases or just buying and holding digital currency for an investment?
Do you plan to use several currencies or one single currency?
Do you require access to your digital wallet from anywhere or only from home?
Take some time to assess your requirements and then choose the most suitable wallet for you.
Bread Wallet Bread Wallet is a simple mobile Bitcoin digital wallet that makes sending bitcoins as easy as sending an email. The wallet can be downloaded from the App Store or Google Play. Bread Wallet offers a standalone client, so there is no server to use when sending or receiving bitcoins. That means users can access their money and are in full control of their funds at all times. Overall, Bread Wallet’s clean interface, lightweight design and commitment to continually improve security, make the application safe, fast and a pleasure to use for both beginners and experienced users alike.
Pros: Good privacy & security, beginner friendly, simple & clean, open source software, free.
Cons: No web or desktop interface, lacks features, hot wallet.
Mycelium Advanced users searching for a Bitcoin mobile digital wallet, should look no further than mycelium. The Mycelium mobile wallet allows iPhone and Android users to send and receive bitcoins and keep complete control over bitcoins. No third party can freeze or lose your funds! With enterprise-level security superior to most other apps and features like cold storage and encrypted PDF backups, an integrated QR-code scanner, a local trading marketplace and secure chat amongst others, you can understand why Mycelium has long been regarded as one of the best wallets on the market.
Pros: Good privacy, advanced security, feature-rich, open source software, free
Cons: No web or desktop interface, hot wallet, not for beginners
Exodus Exodus is a relatively new and unknown digital wallet that is currently only available on the desktop. It enables the storage and trading of Bitcoin, Ether, Litecoins, Dogecoins and Dash through an incredibly easy to use, intuitive and beautiful interface. Exodus also offers a very simple guide to backup your wallet. One of the great things about Exodus is that it has a built-in shapeshift exchange that allows users to trade altcoins for bitcoins and vice versa without leaving the wallet.
Pros: Good privacy & security, beginner friendly, intuitive, easy to use, in-wallet trading, supports multiple currencies, open source software, free.
Cons: Hot wallet, no web interface or mobile app
Copay Created by Bitpay, Copay is one of the best digital wallets on the market. If you’re looking for convenience, Copay is easily accessed through a user-friendly interface on desktop, mobile or online. One of the best things about Copay is that it’s a multi-signature wallet so friends or business partners can share funds. Overall, Copay has something for everyone. It’s simple enough for entry-level users but has plenty of additional geeky features that will impress more experienced players as well.
Pros: Good privacy & security, multisig transactions, multiple platforms & devices, multiple wallet storage, beginner friendly, open source software, free
Cons: Can be slow & unresponsive, limited user support
Jaxx Jaxx is a multi-currency Ether, Ether Classic, Dash, DAO, Litecoin, REP, Zcash, Rootstock, Bitcoin wallet and user interface. Jaxx has been designed to deliver a smooth Bitcoin and Ethereum experience. It is available on a variety of platforms and devices (Windows, Linux, Chrome, Firefox, OSX, Android mobile & tablet, iOS mobile & tablet) and connects with websites through Firefox and Chrome extensions. Jaxx allows in wallet conversion between Bitcoin, Ether and DAO tokens via Shapeshift and the import of Ethereum paper wallets. With an array of features and the continual integration of new currencies, Jaxx is an excellent choice for those who require a multi-currency wallet.
Pros: Good privacy & security, Multi-currency, wallet linking across multiple platforms, great user support, feature rich, user-friendly, free.
Cons: Code is not open source, can be slow to load
Armory Armory is an open source Bitcoin desktop wallet perfect for experienced users that place emphasis on security. Some of Armory’s features include cold storage, multi-signature transactions, one-time printable backups, multiple wallets interface, GPU-resistant wallet encryption, key importing, key sweeping and more. Although Armory takes a little while to understand and use to it’s full potential, it’s a great option for more tech-savvy bitcoiners looking to keep their funds safe and secure.
Pros: Good privacy, great security features, multi-signature options, solid cold storage options, free.
Cons: Only accessible via the desktop client, not for beginners. Trezor
Trezor is a hardware Bitcoin wallet that is ideal for storing large amounts of bitcoins. Trezor cannot be infected by malware and never exposes your private keys which make it as safe as holding traditional paper money. Trezor is open source and transparent, with all technical decisions benefiting from wider community consultation. It’s easy to use, has an intuitive interface and is Windows, OS X and Linux friendly. One of the few downsides of the Trezor wallet is that it must be with you to send bitcoins. This, therefore, makes Trezor best for inactive savers, investors or people who want to keep large amounts of Bitcoin highly secure.
Pros: Good security & privacy, cold storage, easy to use a web interface, in-built screen, open source software, beginner friendly.
Cons: Costs $99, must have device to send bitcoins
Ledger Nano The Ledger Wallet Nano is a new hierarchical deterministic multisig hardware wallet for bitcoin users that aims to eliminate a number of attack vectors through the use of a second security layer. This tech-heavy description does not mean much to the average consumer, though, which is why I am going to explain it in plain language, describing what makes the Ledger Wallet Nano tick. In terms of hardware, the Ledger Wallet Nano is a compact USB device based on a smart card. It is roughly the size of a small flash drive, measuring 39 x 13 x 4mm (1.53 x 0.51 x 0.16in) and weighing in at just 5.9g. Pros:
Screen/device protected by metal swivel cover
3rd-Party apps can run from device
When recovering wallet from seed, the whole process can be done from the device without even connecting it to a computer!
Fairly inexpensive (~$65 USD)
Not as advanced wallet software (no transaction labeling)
No ability to create hidden accounts
No password manager
Green Address Green Address is a user-friendly Bitcoin wallet that’s an excellent choice for beginners. Green Address is accessible via desktop, online or mobile with apps available for Chrome, iOS, and Android. Features include multi-signature addresses & two-factor authentications for enhanced security, paper wallet backup, and instant transaction confirmation. A downside is that Green Address is required to approve all payments, so you do not have full control over your spending
Cons: Hot wallet, average privacy, the third party must approve payments.
Blockchain (dot) info Blockchain is one of the most popular Bitcoin wallets. Accessing this wallet can be done from any browser or smartphone. Blockchain.info provides two different additional layers. For the browser version, users can enable two-factor authentication, while mobile users can activate a pin code requirement every time the wallet application is opened. Although your wallet will be stored online and all transactions will need to go through the company’s servers, Blockchain.info does not have access to your private keys. Overall, this is a well-established company that is trusted throughout the Bitcoin community and makes for a solid wallet to keep your currency.
Pros: Good security, easy to use web & mobile interface, well-known & trusted company, beginner friendly, free.
Cons: Hot wallet, weak privacy, third party trust required, has experienced outages.
What they really don't wan't you to know about Dash!
Dash is breaking away with regards to integrations, partnerships and developments that advocates of other Crypto Currencies have become frightened of Dash's future dominance. Unfortunately for most of these other Crypto Currency projects Dash as a platform is well and truly in the driving seat on so many levels. Lets take a look at some of the achievements in 2017 and upcoming events:
Note: Previously the Evolution Whitepapers were linked in this section. These papers were written back in 2015 and are outdated, because Dash Evolution has seen a massive re-design and has been developed much further than those papers could have predicted. A new version will be posted here and elsewhere as soon as it is available.
"Dash rebranded from Darkcoin to distance itself from its dark history!!" -> Not at all. Nothing about its history is "dark" and more importantly this thread called "The Birth of Darkcoin" is stickied by Evan Duffield himself on the official main forum.
Why saying "Dash is a company" is false: Dash Core Inc., a company based in Scottsdale, Arizona is not the decentralized network called Dash. The network, consistent of over 4.5k globally distributed, decentralized Masternodes decided to hire and fund the company Dash Core Inc. to develop said network. This is the distinguishing property of Dash being a DAO, so it's understandable people have difficulty grasping the concept. Similarly Dash does not have a CEO, while Dash Core Inc. -obviously- has.
Dash does not and never had a "dev tax": Dash has a Treasury and its distribution is being voted on each month. Only those funds that have been approved by the Masternode network go to proposal owners. The Treasury is capped at 10% of the accumulated block reward of one month. There is no central authority non-requested or non-approved funds go to and there never has been. Those funds are simply not created. So you can have months in which only 8% of the budget is being paid out, with the remaining 2% going to nobody due to not being mined.
"B-but Evan Duffield can roll back the last 24 hours of the blockchain with the flick of a button!" Complete bullshit. The key in question refers to requiring a Masternode to re-validate its pre-existing blockchain in order to ensure it's on the right chain. Masternodes have nothing do with putting or removing transactions into or from the blockchain, only the miners can do that, thus claiming someone can "roll back the blockchain" in Dash is a malicious lie and a desperate attempt to make Dash look centralized when it's not. In short: No such button exists, ever existed or will ever exist.
The Dash community is well aware that during most of its history this project has been under attack by competitors, many of which are trying to portray Dash (among many other things) as a failure. This is oxymoronic, because nobody hates on failures, especially not for 4 successful years in a row. If you want a quick history lesson, here's a comment I made on where the Dash hate originated from back in 2014 Another, longer history lesson Remain skeptical towards sensational accusations without evidence. Our community is helpful, knowledgeable and more than happy to answer any questions, as we have done many times on this subreddit. Still, we're all only human, have limited resources and we're just one project among many (always among the top, though!). Stakeholders and investors of other projects will always have an agenda to smear what they perceive as competition (I have yet to see our community actively go after other projects, though). Just remember the Bullshit Asymmetry: "The amount of energy required to refute bullshit is at least an order of magnitude larger than to produce it." So it would be very unjust to expect a refutation on the spot all of the time. Prefer taking the initiative by asking the community directly about the claim you're confronted with. This community has proven many times to possess the integrity required to admit to technological shortcomings, but at the same time we'll never hesitate to call out illegitimate claims and accusations, of which there are many, for what they are. The most common and most empty attack is "Dash is a scam".
Dash has surpassed its all-time high price several times
Its developers are publicly known, many by full name
It's still being developed after almost 4 years with an incredible track record of under-promising and over-delivering, a game-changing roadmap & a clear vision of the future
Its technology works as advertised and remains objectively superior to Bitcoin and many other currencies
Myriads of projects copied Dash's features
Look at the wealth of in-depth information linked on this page alone. Look at all the interviews, articles, news shows, podcasts, presentations, conferences, infrastructure, the people and all the money invested into all of this: Does this all really look like a grandiose scam? Why the effort?
More importantly you have to ask the critic just this one question: Who was scammed? The answer usually consists of complete silence or attempts to change the topic. This may sound all very defensive to someone who has never experienced the kind of FUD Dash has faced over the years, but the falsehoods we've refuted above are still being perpetuated by a very lonely but also very loud minority.
Not an ICO project
Regarding Dash's finances: Despite what many people assume influenced by the ICO insanity of the recent past, Dash did not have an ICO and Dash does not depend on 3rd party funding/investors. It is self funded from the blockchain and thus an entirely independent organization that does exactly what it wants, not what any angel investors want us to do. Dash is the first currency in history to achieve that.
Quick incomplete rundown of Dash's features
In fact Dash pioneered almost every single one of its features making it one of the most prolific innovators in the cryptocurrency space. Before Dash invented them, none of these features existed:
X11: power saving hashing algorithm
Dark Gravity Wave: highly reliable difficulty adjustment
Sporks: Multi-phased forking technology avoiding hard forks during network upgrades
Masternodes: Incentivized full node infrastructure through split of mining reward
PrivateSend: protocol level coin mixing without the flaws of CoinJoin
Treasury: Self-funding by splitting of block reward
Blockchain Governance: Voting rights for those who provide our network's backbone
Evolution platform technology: Under heavy development but making rapid progress towards true digital cash so user-friendly that even your grandmother could use it
To re-iterate a previous point: Dash has been copied by several dozen other projects either completely or through selected features indicating a strong approval of its technology within the wider cryptocurrency industry. The most copied feature by far is the Masternode system and the financial self-reliance it provides.
The /r/btc China Dispatch: Episode 8: Special Extended Lunar New Year Edition - 8btc Discusses the Official Release of Bitcoin Classic
Howdy /btc, it’s been awhile! The /btc China dispatch was on vacation this week due to the Chinese New Year, but now your humble correspondent is back with the vengeance with more OC from the Bitcoin Sinosphere. In this edition of the /btc China dispatch, we look at a thread on 8btc.com announcing the release of Bitcoin Classic to Chinese readers. I hope you guys find the translation informative. Note that unlike in previous editions of the Dispatch, in addition to the posters’ user names, I have also posted their forum titles in parentheses next to their user names for your reference and possible amusement. All accounts on 8btc.com are ranked based on number of accrued points (essentially upvotes) from, in order of lowest to highest, Noob, Shiphand, Crew Member, Squad Leader, First Mate, Captain and Pirate King. Additionally, some people have custom titles equivalent to Reddit flair. [OP] Subject: Bitcoin Classic Officially Released! Posted by bluestar (Crew Member) Bitcoin Classic has finally been officially released. You can download it via the link below: https://github.com/bitcoinclassic/bitcoinclassic/releases/tag/v0.11.2.cl1 Now miners that support Classic can start using Classic to mine blocks. Does anyone know how many miners there are in China who support Classic? I remember a while ago there was someone on 8btc who gave us a tip off, but now there’s no information whatsoever. Has 8btc been abandoned or are the miner’s secretly planning on making a massive move? Any inside info would be appreciated! You can see the extent to which each version is supported by going to the following page: https://coin.dance/nodes [Response 1] Posted by jb9802 (First Mate) I would like to call on the miners to complete the upgrade of bitcoin as soon as possible. If we wait for Core we’re going to be killed off by Blockstream, Inc. sooner or later. [Response 3] Posted by hempheart (Squad Leader) My guess is that the miners will support Core. The miners are putting their lives on the line with their investment unlike small time investors. The small time investors will still be able to eat even if they lose all their BTC. [Response 4] Posted by yuli7376 (Great Captain of Atlantis) All us smaller players can do at this point is sit back and watch how things unfold. [Response 5] Posted by bluestar (Crew Member) @hempheart It doesn’t matter even if they support Classic as the hard fork will only activate once 75% of the hashing power is behind Classic. Once you get 75% of the hashing power, that means that a supermajority support Classic and Core will be nothing but a niche, so there’s no real “winning or losing” when it comes to this vote. [Response 6] Posted by copay (Crew Member) As the name suggests, Classic is a return to Satoshi’s original vision. [Response 7] Posted by Ma_Ya (Shibe Loves BTC Love Doge Guide idgui.com Captain) @copay Classic just means classic. What I want to know is whether or not the official release continues to use a 75% threshold for activating a forced hard fork like the beta version, presenting the possibility for a schism in the bitcoin community. If Classic doesn’t support the 90% 2MB consensus then supporting Classic is basically just like supporting a fracturing of the bitcoin community. I strongly suggest that miners should emphasize first and foremost not dividing the community and boycott any contentious version that forks after less than 90% of hash power is reached. Pools that support forking at 75% want to divide the community and I advise all miners to leave these pools. It is no longer a simple question of 1MB or 2MB, but rather a question of 75% versus 90%: fork plus schism versus fork with no schism. The issue is about maintaining the unity of the bitcoin community. To digress a little bit, Bitcoin XT, which has already been abandoned, also sought to hastily fork at 75% and divide the community. You can find more information on Qt versions here: http://BitQT.com [Response 8] Posted by copay (Crew Member) @Ma_Ya What is the big difference between 75% and 90%? [Response 10] Posted by Ma_Ya (Shibe Loves BTC Love Doge Guide idgui.com Captain) @copay In the event of a hard fork activated at 75%, there’s a possibility that the remaining 25% of hashpower will hold out. That is, the hashpower ratio will be 75%:25% = 3:1; at this hashpower ratio there is definitely a possibility that the two coins that result from the fork will coexist and compete with one another. This will result in a splitting of the community and there will be two bitcoins. They will attack one another and claim the other coin is an alt while each saying their own coin is the true bitcoin. One the other hand, if a fork happens after 90% of hashpower is behind it, the hashpower rate is much higher at 9:1. When the hashpower ratio is this high, the miners working on the 10% chain will need 10x as long to produce a block and they could be attacked by the other 90%, who would only need to send 1/9 of the hashpower to attack the other chain. Therefore it will be difficult for the 10% chain to survive over the long term. Therefore there will be no split in the community. [Response 11] Posted by petaflops (Squad Leader) Awaiting the results. [Response 12] Posted by bluestar (Crew Member) @Ma_Ya Come on, man. You don’t need to say the same thing twice. It’s not like your response is highly technical. [Response 13] Posted by Ma_Ya (Shibe Loves BTC Love Doge Guide idgui.com Captain) @bluestar Four Major Mining Pools Call for Consensus, Reject Hard Fork to Bitcoin Classic http://8btc.com/forum.php?mod=viewthread&tid=28955 My proposal that Classic needs to support the 90% 2 MB consensus as soon as possible is made in good faith. Currently Classic does not support the 90% 2 MB consensus and insists on initiating a hard fork at 75% with the possibility of dividing the community, so the major mining pools have come out with a joint statement saying that they do not support it. This joint statement is Classic’s failure. I never would have imagined that their failure would be announced as soon as they released an official version. The results might be different if the official version had supported the 90% 2 MB consensus and avoided the risk of dividing the community. [Response 14] Posed by Qin’s Love (Captain) Small time investors can only watch from the sidelines. [Response 15] Posted by bincoin (First Mate Invincible Speculator in Stocks, Futures, Currencies, Gold, Bitcoin, Goocoin and Agricultural Products) A solution is out there, which is good. Much better than the unending bluster from Core. Whether you support Classic or not, they’re efficient. [Response 16] Posted by jb9802 (First Mate) @Ma_Ya The front page of 8btc: http://www.8btc.com/34454 [Translator’s Note: The headline of the page linked to reads “A Summary of Discussion Regarding the Raising of the Bitcoin Block Size”] Take a close look. The pools haven’t rejected it, they’re just waiting to see how Core responds. Btcc, who are regarded as diehard core followers said: “if Bitcoin Core still does not consent to raise the block size using this method, then we will very probably need to look for another leading team to implement a hard fork, with an activation period of 12 months.”
Btcc has given Core 1 year (of course I personally think this is too long); if Core does not implement a hard fork then btcc will have to find some other solution.
The fact of the matter is that everyone is waiting for a statement from Core and if they don’t make themselves clear in the next few months then their exit will be inevitable.
[Response 17] Posted by bluestar (Crew Member) @jb9802 Honestly I don’t think there’s any need to respond to this guy’s mantra-like posts. Every time I see one of his posts it’s like hitting a brick wall. I’ve already responded to his calls for 90% support many times in the past. It doesn’t matter how logical you are, he’ll just ignore you and if you slip up anywhere in your argument he’ll just dwell on it without letting go. It would be better to wait until he actually posts something interesting before responding. [Response 18] Posted by DogeCoin-Keeper (Cosmically Super Awesome Invincible Badass Smart Alert Handsome as Fuck Pirate King Who Is Better Than You in Every Way) It looks like it’s going to be impossible to raise the block size this way. There will definitely be a simpler way to raise the block size in the future. [Response 19] Posted by bluestar (Crew Member) @DogeCoin-Keeper Yeah, there’s a simple way. If Core was willing to lead a hard fork it could be accomplished immediately. The problem is they’re not willing. [Response 20] Posted by DogeCoin-Keeper (Cosmically Super Awesome Invincible Badass Smart Alert Handsome as Fuck Pirate King Who Is Better Than You in Every Way) @bluestar I think that the current situation is actually okay. If BTC relied on only one team to decide its direction then it wouldn’t need to exist.
As i am writing Bitcoin dips again, i hope we can sustain the 8000 satoshi level for Viacoin. Where the bottom lies for Bitcoin? nobody knows.Is this market manipulation? yes probably if you ask me. In my opinion they are confusing the markets, and a lot of people will impulse trade. I'm going to be fair, i lost a decent amount of money but sold nothing and will not sell, even if it meant to be that i lost everything what i have invested. Yes, it sucks to lose hard earned money, definitely if you have not much to spend each month, and what you can spend you bought cryptocurrency for it recent months. But i am not seeking compassion here, i did it myself, and tought the market was slowly recovering, well we all know how that turned out. Thats why i am thinking this is pure market manipulation, after this peak in 2017/2018 there where these support levels around 6000, than in the end almost a straight line just above support. Than suddenly it crashes way below, so a lot people including me, intented it either was slowly recovering or was still in the bear cycle but not at a speed like this. Also the price of BTC jumps to little after a decline like this, it is more like the decline and than it is sustained. But i am convinced it will recover, there's to much going on in the cryptocurrency space. Just to make a few examples:
But with a decline like this, there are also coming some positives.
You have the chance if you bought cryptocurrency for a higher price, to decrease your dollar average drastically.
But never put in to much, if you have let say 100 dollars, it's better to buy 4 x 25 dollars than all at once, don't be in a hurry.
There's probably coming a whole new audience, that are going to see chances and will buy cryptocurrency.
And the crypto-community will become bigger.
Also have a close look to the wealth-distribution charts, the ones with a very large wallet, probably will sell a x percentage of their funds, and smaller investors pick that up, making it better distributed, what in the long term provide for more liquidity.
Is my opinion changed about Viacoin with the recent price changes? Not at all, 90% of my holdings are in Viacoin.Because it has all the features, what i think are important. Also i am realy thrilled to see when market recovery occurs, how fast viacoin will recover, if my thought about no inflation is right, viacoin should recover faster than others. Because with cryptocurrency that have a higher inflation, the miners have much more to sell, before the price will increase. But that aside. I am convinced people who have invested or received Viacoin from friends or whatever, are going to stick with it. It's a great working product, easy to use, sending and receiving is almost instant without using LN and the android copay wallet is ready to use within 2 minutes. A big plus for me is also that it is trading on Binance one of the biggest exchanges in the world, and with a BNB trading pair, which not all coins have ! And patiently waiting for all the updates that are coming like: The lightning network what is going to be released in the near future, also the anonymous samourai wallet. And a lot more ! Few examples: Styx anonymous transactions - Schnorr signatures - MAST - Smart contracts - Submarine swaps - Colored coins But we will see how thing will turn out. Thanks for reading and i will see you next time in what market conditions that may be ! Bye
(BitPay Support Team) Jun 30, 4:41 AM EDT Thank you for reaching out! BitPay observes the proof-of-work based consensus rules of Bitcoin and will follow the consensus changes that miners enact as long as we do not view those changes to be harmful to our users (in which case we would likely evaluate a potential transition to an alternative fork of Bitcoin in concert with others in the community). Regarding the proposed segwit changes specifically, BitPay fully supports it and is working with miners to encourage activation as soon as possible. Regarding BIP-148, we are not signaling or running it as it would put our users at risk. BitPay Inc. Edit: the story continues: (BitPay Support Team) Jul 3, 8:59 AM EDT Hi, Yes, you can check our github repository and check the issue section to be updated. Please take a look: https://github.com/bitpay/copay For now SegWit is not available, but it's on our plans so probably it will be available soon. Regards. Me: Jul 3, 9:52 AM EDT Before August 1st? (BitPay Support Team) Jul 3, 10:32 AM EDT I'm afraid not.
Help me sweep my paper wallet into either/Preferably both) Blockchain and Copay.
I'm testing things with 0.00077 coin, and have successfully created a Bip 38ed paper wallet. Now, how to practice sending somewhere. I can make wallets on both Blockchain and Copay, but am unable to figure out how to sweep to either of these. Well, inthe case of Copay, I have to actually print out my paper wallet and scan it. Is there no way to sweep into Copay by just entering the private key? In the case of Blockchain, every webpage I find refers to the (Import/Export feature)[https://blog.blockchain.com/2014/06/18/tutorial-the-import-export-feature-in-your-blockchain-wallet/]. The feature I cannot find. Can anyone help, particularly with the Blockchain issue. Also, I was debited 0.000133 bitcoin to sweep my wallet. I was charged nothing to move it to the paper (Quadriga doesn;t yet charge for it). But 0.000133 is much less than the advertised cost to miners, of 0.000694. Is that good? Is it a transaction fee or is it percentage based?
A review and advice column aimed at merchants dealing with Bitcoin in their e-commerce and in-person payments, or those looking to start. This is my review of CoinSimple.com. CoinSimple is a Bitcoin merchant processing startup that enables bitcoin acceptance via e-mail invoicing, simple payment buttons, an Android app, and e-commerce platforms Wordpress eCommerce or WooCommerce and Magento. The key way it differs from Bitpay or Coinbase is in how it never touches the merchant's revenue. Similar in vision to Mycelium Gear, all bitcoin proceeds are passed through to either your own wallet via a public seed (Trezor, Electrum, Armory) or automatically forwarded to your own regular address for other wallets (not as secure, but still handy). CoinSimple offers merchants a way to accept Bitcoin with dynamic addressing (and ShapeShift integration) while being able to easily change the backend destination, even at the individual invoice level (e.g., one invoice can pay to Electrum, another to an exchange). CoinSimple also works with Bitpay, Coinbase, GoCoin, and MeXBT (Latin American exchange) on the backend if you want local currency conversion. Advantages
Presently the only easy way to invoice customers or use Wordpress or Magento shopping carts with Bitcoin without having to trust a fiduciary to handle your revenue.
Due to the lack of that responsibility, sign-up and business creation is a breeze. Virtually no information is required from the merchant. Privacy is, therefore, excellent. Sign-up is very quick with no approval process. (Continued use of the services is not guaranteed, however.)
In addition to supporting public seeds from Trezor, Electrum, and Armory, as well as traditional exchanges, CoinSimple allows users of other wallets to provide their own regular public address for payment. Fortunately, they do not simply pass that address on to your customers but provide dynamic addresses that automatically forward the received bitcoin to your provided address. Because of this extra transaction, you will lose out on the miner's fee (.0001 BTC in my test) per payment.
Invoices you create have some interesting options: You can select from numerous exchange rate sources, the wallet or exchange the customer's bitcoin is delivered to, and even options to make it recurring so that the same invoice will be emailed to the customer upon your selected schedule. Handy for email newsletters and website subscription buttons!
Although all the functions I tested still worked and the website and app operate normally, there has been no new content posted in a year from the team behind CoinSimple on their blog or social media. This suggests the project may be abandoned. I do hope these tools remain available to the Bitcoin community as they do provide unique solutions that should be built upon and further developed.
Speaking of which, everything is smooth and functional but pretty basic. Invoice options, payment button functionality, and the UX should be expanded. More shopping cart plugins should be added. More wallet public seeds should be supported (Mycelium and Copay, ironically, would be perfect additions). Bitpay and other exchanges certainly have more developed websites with more advanced tools and reporting functions, as well as more reliable customer support.
As with any split wallet solution using public key seeds, perfect synchronization is needed to avoid loss of funds. Be sure to test receiving small amounts of bitcoin through several different addresses generated by CoinSimple before launching this as a solution to the public.
Summary If you are looking primarily for bitcoin conversion to your local currency, or if you trust Bitpay/Coinbase/GoCoin/etc. and are willing to go through their lengthy sign-up processes, then these companies do have the best available tools and support on the market for merchant integration (particularly Bitpay). On the other hand, if you want to accept bitcoin with no middlemen, much greater privacy, and quick setup, I'd recommend checking out CoinSimple.com. Patrick Patton Volunteer and Merchant Integration Specialist Colorado Bitcoin Network - coloradobitcoin.net
12-23 03:52 - 'About Lightning Network against BCash' (self.Bitcoin) by /u/ayanamirs removed from /r/Bitcoin within 0-10min
''' Lightning nodes will be implemented in wallet services which we use today like Bread, Mycellium, Copay, Coinomi etc. and also on some hardware wallets like Trezor, Ledger etc. On the contrary, Coinbase already has some kind of "off-chain" transaction capabilities between Coinbase users from their inception. No nodes will have the power to alter any terms and conditions of lightning network payment channels since they'll be controlled solely between the buyer and the seller. Nodes will just act as a medium to conduct the processes. People like Roger Ver is brainwashing new individuals into thinking that lightning network = centralization. It's their own altcoin which is = centralization since miners have the power to control the block sizes in their Bcash shitcoin. ''' About Lightning Network against BCash Go1dfish undelete link unreddit undelete link Author: ayanamirs
12-23 07:42 - 'Lightning NetWork vs Bcash' (self.Bitcoin) by /u/ayanamirs removed from /r/Bitcoin within 19-29min
''' Lightning nodes will be implemented in wallet services which we use today like Bread, Mycellium, Copay, Coinomi etc. and also on some hardware wallets like Trezor, Ledger etc. Coinbase already has some kind of "off-chain" transaction capabilities between Coinbase users from their inception. No nodes will have the power to alter any terms and conditions of lightning network payment channels since they'll be controlled solely between the buyer and the seller. Nodes will just act as a medium to conduct the processes. People like Roger Ver is brainwashing new individuals into thinking that lightning network = centralization. It's their own altcoin which is = centralization since miners have the power to control the block sizes in their Bcash shitcoin. ''' Lightning NetWork vs Bcash Go1dfish undelete link unreddit undelete link Author: ayanamirs
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Raspberry Pi Bitcoin mining ( Monero XMR Coin ) PART3 Run Command to mine
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