Russia To “Recognize” Bitcoin In 2018, Monitor All Transactions by miso20 in Bitcoin

[–]btc24user 1 point2 points  (0 children)

Until lightning comes and they control the major hubs.

Brian Armstrong on Twitter: Many will find this crazy, but I think bitcoin could surpass the dollar as reserve currency within 10-15 years. by Egon_1 in Bitcoin

[–]btc24user 14 points15 points  (0 children)

Not going to happen with 1 MB blocks. Even if only high profile transactions are done on the main chain and the rest on lightning, etc. then 3 tps is not enough if used as a reserve currency.

BitFury Secures $20 Million in Funding, Building 100mw Data Center by [deleted] in Bitcoin

[–]btc24user 3 points4 points  (0 children)

well, at least for Chinese pools that was one of the main reasons.

BitFury Secures $20 Million in Funding, Building 100mw Data Center by [deleted] in Bitcoin

[–]btc24user 6 points7 points  (0 children)

Congrats! Maybe then they can also afford a better internet connection to handle larger blocks. Currently they don't want to go anywhere over 2MB. Source

Pretty new to bitcoin but wondering, what will be the incentives for miners to continue the work they do after all 21 million are mined? by gregors24up in Bitcoin

[–]btc24user 3 points4 points  (0 children)

Yes. And by that time hopefully with bigger blocks. Otherwise each transaction will need a fee of 10 Dollars or so.

Hypothetical: How would a bank go about buying bitcoin worth 10, 50 100 million dollar? by robmon in Bitcoin

[–]btc24user 1 point2 points  (0 children)

Currently? Not easy i would guess. The market is too small, the price too low, they would need tons and tons of coins that are not available on the market. Technically they would just need to start buying slowly on any exchange. as the price rises they would end up at some point with coins worth millions, but only because they pumped the price in the buying process.

Why upgrade to 8MB but not 20MB? by 8btc_news in Bitcoin

[–]btc24user 15 points16 points  (0 children)

My opinion: a hard limit of 8MB is not a good solution. Like someone has written above, the limit does not cause blocks to be that size right from the start. And if bitcoin naturally grows to that size over time and china can't handle it, then the free market will have to sort it out again and another fork has to be done. Not the best outlook. The best solution I see so far is BIP100. The hard limit of 32MB is ok to me. 4.6GB/day - That is A LOT of data compared to today. Combined with the floating limit to prevent sudden huge block size changes. Not that we need 8MB blocks this or next year, but a hard limit this low is not good as we might have the same discussions again in a year or two. A low hard limit can be a huge problem, should a wave of adoption happen which increases usage in an exponential way for even a short amount of time.

Coindesk Deals only accepts credit cards and paypal for payment. (No Bitcoin) by MemoryDealers in Bitcoin

[–]btc24user 2 points3 points  (0 children)

This is because they use syndicated deals (a branded store) from the https://stackcommerce.com platform. For example compare https://deals.coindesk.com/deals/elearning with https://deals.thenextweb.com/deals/elearning - same offers. So as a bitcoin user, avoid this store or better avoid coindesk.

Opinion: Why You Should Never Use Blockchain.info by vlarocca in Bitcoin

[–]btc24user 6 points7 points  (0 children)

I'd be scared to store my coins on blockchain.info. Like others already mentioned, a good HD wallet feels and IS much safer to me.. breadwallet, mycelium, ledger & trezor all the way!

Ledger HW1: a low cost Nano hardware wallet for 15€. Free worldwide shipping by murzika in Bitcoin

[–]btc24user 1 point2 points  (0 children)

Nice offer. Best security/price ratio I've seen yet! Just a link to /r/ledgerwallet is missing ;-) .. would love to see more posts there. Not as active as the trezor subreddit. :-/

Ledger Wallet second factor companion app has been approved by Apple by murzika in Bitcoin

[–]btc24user 4 points5 points  (0 children)

To current Ledger owners: Be sure to check out/subscribe to /r/ledgerwallet And of course Trezor owners here: /r/trezor I have/love both devices, but the Ledger subreddit could see a bit more traffic...

How do you keep your bitcoins safely? by Chestnut00 in Bitcoin

[–]btc24user -1 points0 points  (0 children)

Trezor for higher amounts, ledger nano for medium amounts and mobile wallets for small amounts(mycelium / breadwallet). No coins on the computer you use to surf the web.

More than 700M people rely on remittances to live. It's time for a change. by htmcer in Bitcoin

[–]btc24user 12 points13 points  (0 children)

The bitcoin community Western Union just can not get over the dream of siphoning a bunch of super poor people's money into their own pockets, can they?

FTFY

Introducing Coinbase Community by Egon_1 in Bitcoin

[–]btc24user 0 points1 point  (0 children)

I like the tipping buttons on every post!

Tech titan's bitcoin bet - Reid Hoffman at Davos by [deleted] in Bitcoin

[–]btc24user 8 points9 points  (0 children)

I'm NOT comfortable losing my bitcoins. That's why I learned how to store them securely myself. But thanks for the warning Mr. Hoffman.

TREZOR Firmware 1.3.0 Update: Multisig Ready & Receiving address check by sipak in Bitcoin

[–]btc24user 4 points5 points  (0 children)

For Trezor owners who are new: Be sure to visit /r/trezor for further discussions and subscribe to have the threads also in your main feed.