Coinkite Stole My Bitcoin : Bitcoin

Twitter: Coinkite's transaction volume of the last 30 days just crossed 100,000 #Bitcoin that's close to 90,000,000 $USD on today's rate. ✨🎉✨ (Thanks To You!)

Twitter: Coinkite's transaction volume of the last 30 days just crossed 100,000 #Bitcoin that's close to 90,000,000 $USD on today's rate. ✨🎉✨ (Thanks To You!) submitted by rnvk to Bitcoin [link] [comments]

FAQ for Beginners

What is Bitcoin?

Bitcoin is scarce, decentralized, and global digital money that cannot be censored.

Quick Advice

  • Do not respond to strangers messaging you with investment advice or offers and read how to avoid being scammed from the posts below.
  • Do not invest in Bitcoin until you do basic research, paid off all high interest debt, and have a emergency savings account of a stable fiat currency.
  • If investing do not expect to get rich quickly. You should expect to wait at least 1-2 years before taking profits. Bitcoin is currently very volatile. In the interim spend and replace Bitcoin because its a useful currency.
  • Beginners should avoid all mining and day trading until at least very familiar with Bitcoin. Mining is very professional(You cannot efficiently mine with your computer and need to buy special ASIC machines) and most people lose money day trading.
  • Never store your Bitcoins on an exchange or web wallet. Buy your bitcoins and withdraw it to your personal wallet where you actually own them instead of IOUs. Services like Robinhood, Revoult, and Etoro should be avoided because you cannot withdraw or use Bitcoin.
  • Make sure you make a backup of your wallet(software holding keys to your BTC) and preferably keep it offline and physical and private. Typically 12 to 24 words you write down on paper or metal.
  • Beginners should avoid altcoins, tokens, and ICOs at least initially until they learn about Bitcoin. Most of these are scams and you should be familiar with the basics first. Bitcoin is referred to as BTC or XBT.

Exchanges Requiring ID Verification

Bitcoin = BTC or XBT on exchanges
Exchange Buy fee* Withdraw BTC Notes
Cash App Sliding ~2.2% to 1% 0 BTC Instant Withdraw, USA only
Coinbase Debit3.99% ACH1.49% 1-4USD ~7Day hold BTC withdraw
CoinbasePro 0.5% 0 BTC ~7Day hold free ACH Deposit
Gemini 1.49% to 0.25%ATrader 0 BTC 10 free BTC withdraws w/ActiveTrader
Kraken 0.16% 0.0005 BTC Deposit Fiat=USwire+5USD or SEPA free
Bitstamp 0.50% 0.0005 BTC Deposit Fiat=0 SEPA or 5% card fee
Note: Exchanges all have unique market prices and spreads so fees alone will not tell you the best rates. Best way is to directly compare the rates between exchanges. Buy fees above are for normal trading volumes. Verification and hold times can vary based upon lack of history, verification level or credit.
More exchanges per location

Recommended Wallets

Best wallets for securing small amounts of BTC
electrum For Desktop and Android
Pros= Great Desktop and Android wallet with advanced functionality like coin control
Cons= UX is not as polished as some other wallets, make sure you only upgrade from official sources like play store or https://electrum.org as malicious servers or adverts can tell you to upgrade malware from other sites
https://www.youtube.com/watch?v=E4EhZg5QslI
Phoenix LN wallets for Android
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees. Easiest lightning wallet to use
Cons- Lightning is still somewhat experimental and less merchants accept it.
https://phoenix.acinq.co/
https://www.youtube.com/watch?v=Cx5PK1H5OR0
Breez LN wallet for Android and IOS
https://breez.technology
https://www.youtube.com/watch?v=t_4b-y4T8bY
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees
Cons- Lightning is still somewhat experimental and less merchants accept it.
Other Lightning wallets - http://lightningnetworkstores.com/wallets
Blockstream Green Wallet IOS and android wallet
Pros- Great UX, easy hardware wallet and full node integration, RBF, HW wallet support and advanced 2fa options Cons- Until single signature is released 2 of 2 multisig means that one must depend upon blockstream’s server for tx signing. Other light wallets are dependent upon other servers as well but light wallets like electrum allow you to swap servers.
https://www.youtube.com/watch?v=uO3Zi9D5b0Y
https://blockstream.com/green/
Securing Larger amounts of Bitcoin
ledger nano S wallet = ~68 USD https://shop.ledger.com/products/ledger-nano-s
https://www.youtube.com/watch?v=YI1OntWB7wc
https://www.youtube.com/watch?v=AGe2GgfkO64
trezor one wallet = ~54 USD https://shop.trezor.io
https://www.youtube.com/watch?v=pT1j_kbZBEo
Trezor Model T = ~164 USD https://shop.trezor.io
https://www.youtube.com/watch?v=i3BIo5Ac_n4
Cold Card Hardware wallet = 119.97 USD https://store.coinkite.com/store/coldcard
https://www.youtube.com/watch?v=kocEpndQcsg
https://www.youtube.com/watch?v=f8dBNrlwJ0k
Digital Bitbox 02 = 109 USD https://shiftcrypto.ch/bitbox02/
https://www.youtube.com/watch?v=tdP_7LgZw7s
https://www.youtube.com/watch?v=z7nRq2OEhiw
Best Advanced Bitcoin Wallet= Bitcoin Core
Pros= Great privacy and security
Cons= UX is for more experienced users, takes ~week to sync and requires ~5GB minimum disk space if prunned
https://bitcoincore.org/en/download/
Best High Privacy Bitcoin Wallet = Wasabi
Pros= Best Privacy with Chaumian CoinJoin built in
Cons= mixing coins costs more fees and for more advanced users
https://www.wasabiwallet.io/#download
https://www.youtube.com/watch?v=ECQHAzSckK0
https://www.youtube.com/watch?v=zPKpC9cRcZo&list=PLmoQ11MXEmahCG1nkbKK6DiAwVx9giJCi
https://www.youtube.com/watch?v=y8wQK-Ndl3Q&list=PLPj3KCksGbSaEmjU0sywoTYDVYYSu8LsS

Further Resources

https://www.lopp.net/bitcoin-information.html
https://www.lopp.net/lightning-information.html
https://10hoursofbitcoin.com/
http://bitcoinrabbithole.org/
https://bitcoin-resources.com
https://www.bitcoin101.club
https://21lessons.com
submitted by bitusher to BitcoinBeginners [link] [comments]

Win a Ledger pack (5 products) by guessing the Bitstamp USD Bitcoin price on Sunday evening

EDIT: the giveaway is OVER. All submissions are now ignored
We have saved all predictions, and all edits as well as new submissions will be ignored. The first trade on Bitstamp after mignight PDT (Monday 9AM CEST) will be the 'winning' price. Results will be published in a new thread (linked here) a few hours after.
Thank you all for participating!
EDIT 2: winning price is 227.68 USD
Source: http://imgur.com/n1TSfGK
Winners announced here
To celebrate the last week end of August (end of summer holidays in France), Ledger has decided to organize a small competition where you can win a Ledger pack of 5 products.
The 3 winners (each receiving a full pack) will be the ones with the closest guessing of the Bitstamp USD price this Sunday at midnight PDT (or Monday 9AM CEST).
The prizes:
3 Ledger packs, containing each the following items:
  • Ledger Nano Duo Strap: a Nano + a wearable
  • Ledger HW.1 Multisignature: 3x HW.1 for a multisig scheme (compatible with Coinkite and Copay)
  • Ledger Unplugged: a NFC card for mobile use (compatible with Mycelium and GreenBits)
  • Ledger OTG: to use the Nano or the HW.1 on an Android phone (compatible with Mycelium and GreenBits)
  • Ledger Starter: a bootable USB with an air gapped Linux to securely initialize or restore a Nano/HW1
Picture of the full pack: http://i.imgur.com/v27b92L.png
All packs will be shipped via UPS on August 31st, so we'll require your name, address and phone number for the delivery.
Rules:
  • to participate, post a message containing your price estimation (ex: "230.10 USD"). This is your estimation of what the Bitstamp USD price will be at Sunday August 30th midnight PDT.
  • only one estimation per user, and only accounts existing before this post will be taken into account (to avoid spam).
  • only estimations posted before Sunday August 30th 3PM PDT (Sunday midnight CEST) will be taken into account (we'll save a copy of all participations at this time, further edits will be ignored)
  • in case of a tie (same estimation), earliest post wins.
  • you can post questions of messages with your estimation, this won't void your participation; just refrain to post more than one estimation
We have asked for and got the authorization of the /bitcoin mods before posting this competition here.
Good luck everyone :)
submitted by murzika to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV . Peer-reviewed, research papers can be found here.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
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. Here are a couple useful sites [bitkoin.io, preev.com] that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Where can I spend bitcoins?

Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock and Rakuten Everything under the sun
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.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair, Destinia and 9flats For when you need to get away
BoltVM, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins 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.
Additional resources can also be found at TheBitcoinPage.com

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 friendly folks 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.

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use established companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance.
If you prefer to "be your own bank" and have direct control over your coins without having to use a trusted third party, there are many options in the wallets wiki. If you would prefer easy and secure storage without having to learn computer security best practices then a hardware wallet such as the Trezor, Ledger or HW-1 is recommended.
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 Authy
Android Android
iOS iOS

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Fundraising

You can use Lighthouse to crowdsource fundraising initiatives with bitcoin. It's similar to Kickstarter, but without intermediaries or exorbitant fees. You can participate in project discussions at /LighthouseProjects, and watch the progress of fundraisers at lightlist.io.

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 Payment channels for network scaling
Blockstream Sidechains
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Augur and Mirror Prediction markets
Factom Records & Titles on the blockchain
Open Bazaar, Provistor and Bitmarket Decentralized free markets
Zerocash, Dark Wallet and Joinmarket Privacy enhancement
ShapeShift.io The easiest way to swap between bitcoin and altcoins
BitShares Decentralized exchange
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
Maidsafe Decentralized internet
Storj and Sia Decentralized file storage
21e6 Internet of things??
Streamium Decentralized video streaming
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 Multisig bitcoin API
Copay Open source mulltisig wallet by BitPay
Bitcore Open source javascript library by BitPay
Insight Open source blockchain API by BitPay
Foxtrot Open source routing network from BitPay
La'Zooz Decentralized Ridesharing
Leet Kill your friends and take their money ;)
Lawnmower Spare change into bitcoin

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:
If you want to use 'bits' exclusively, just remember that there are 100 satoshis in 1 bit, and 1 million bits in one bitcoin. For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out, 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 mod approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV . Peer-reviewed, research papers can be found here and here. Developer resources can be found here. Lots of Bitcoin statistics can be found here.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
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. Here are a couple useful sites [bitkoin.io, preev.com] 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 established companies which have secured wallets where they hold the bitcoins for you and provide insurance.
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.
Google Authenticator Authy
Android Android
iOS iOS

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.
Go to /FreeBits to get a few bits to practice with and then tip them forward. Go to /BitTippers to play games and solve riddles to earn your bits. Don't forget your flair!

Where can I spend bitcoins?

Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock and Rakuten Everything under the sun
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.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky and 9flats For when you need to get away
BoltVM VPS service
Namecheap For new domain name registration
Cryptostorm, Mullvad, and PIA VPN services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle, Disco Melee, GreenmanGaming, and Coinplay.io For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Shipnik Discounted USPS Priority & Express mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins 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.
Additional resources can also be found at TheBitcoinPage.com

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.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Fundraising

You can use Lighthouse to crowdsource fundraising initiatives with bitcoin. It's similar to Kickstarter, but without intermediaries or exorbitant fees. You can participate in project discussions at /LighthouseProjects, and watch the progress of fundraisers at lightlist.io.

Bitcoin Projects

Here 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.

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:
If you want to use 'bits' exclusively, just remember that there are 100 satoshis in 1 bit, and 1 million bits in one bitcoin. For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out, 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]

PSA: Some services take security more seriously than others

As a white-hat hacker with 6 years of pen-testing experience I want to give the /bitcoin community a security tip: Use services that offer large bug-bounties, as a general rule this means that they take security more seriously.
Can you tell who takes security the most seriously?
Any web-wallet should expect to have security issues, and they should realize that hackers will find them before they do. Case and point:
TL,DR; Web wallets will have bugs, hackers will find them, bitcoin companies should take security seriously.
*Edit: Was accused of being a coinbase shill, want to make it clear that I am not. I was just very irritated with BitPay. I still recommend bitpay over coinbase to merchants who need a POS bitcoin solution with USD settlement, because coinbase charges a 1% fee. I actually use Circle, not Coinbase, to buy most of my bitcoin because its instant. I never keep more than $10 in Coinbase because I like to control my own private keys. My main wallet is Electrum on an air-gapped PC, and paper wallets with BIP 38 for long-term storage. So I'm in no way pumping Coinbase. I actually dislike Coinbase's very pro-regulation stance, and I hate their practice of snooping on people's memos and freezing funds until people submit ID. You can check my post history to verify that I did indeed discover a serious bug in CoPay within hours of its release.
EDIT 2: Please see Copay Lead Developer response here: http://www.reddit.com/Bitcoin/comments/2panwn/psa_some_services_take_security_more_seriously/cmv7p7b
submitted by cryptodude1 to Bitcoin [link] [comments]

Results of the Ledger giveaway

Here are the results of the Ledger giveaway:
The winning price to guess was 227.68 USD
The winners are:
They will each receive a Ledger pack containing:
Picture of the full pack: http://i.imgur.com/v27b92L.png
Thank you all for participating!
*the Ledger Unplugged will require to be flashed with a firmware which will not be available before September 15th
submitted by murzika to Bitcoin [link] [comments]

FAQ For Newcomers

August 9th, 2014: With the amount of projects that have been in constant development, this FAQ is somewhat out of date. While information about fundamentals of the coin remains the same and can be found here, there is much that has changed since then. In the meanwhile, please see the projects list here for a taste of the enormous development efforts of the BlackCoin community, and feel free to follow the subreddit to keep on track with new updates:
http://www.reddit.com/blackcoin/comments/27lz3h/blackcoin_projects_overview/
I created this as an initial draft of a FAQ for newcomers, feel free to recommend additions, corrections, removals, or changes.
TL/DR version at the end for those short on time.

Sections: (Ctrl + F to jump)

What is BlackCoin? [A]
What separates BlackCoin from other cryptocurrencies? [B]
Why Proof of Stake? [C]
What other reasons are there to pick up some BlackCoin? [D]
How to obtain BlackCoin? [E]
Why BlackCoin instead of competing Proof of Stake coins? [F]
Where can I talk to others about BlackCoin? [G]
TL/DR Version: [H]

What is BlackCoin? [A]

BlackCoin is a cryptocurrency based on many of the ideas contained within the original Bitcoin protocol, but with a few very important changes. Being only a couple of months old, it is a relatively new currency, but has been experiencing rapid growth. It is already in the top 10 cryptocurrencies by market cap.

What separates BlackCoin from other cryptocurrencies? [B]

There are a few main advantages to BlackCoin that separate it from most other cryptocurrencies. To ensure a fair distribution of coins, BlackCoin was initially distributed through a Proof of Work phase, the same method that Bitcoin uses to generate coins and secure the network.
That period is now over, and BlackCoin has transitioned entirely to PoS, or Proof of Stake. This allows lightning fast confirmation times, which can average as fast as 10 seconds each. In comparison, bitcoin averages 10 minutes per confirmation and litecoin clocks in at 2.5 minutes. These faster confirmation times can provide an extraordinary advantage for merchant adoption, as well as greatly improving the user experience.

Why Proof of Stake? [C]

Proof of Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. This is how a blockchain is generated, and the effort that is required to perform this computations contribute to a coin's scarcity and value.
However, proof of work eventually becomes an extraordinarily expensive system. To secure the bitcoin network at the current market value costs about $1.8 million dollars, every single day. Most of this money is leaving the system to pay for energy costs and specialized computer equipment, much of which is done by huge computer farms. Even worse, when the value of a bitcoin increases, so does this cost. The hypothetical "$10,000 bitcoin" would cost $13 billion per year to maintain. While some of this may be mitigated by a reward "halving" or two in 3-7 years time, decreasing this reward too substantially creates a potential security risk.
Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his own coins.
With Proof of Work, a user can attack a network if he holds 51% of the current computer power, but to do so with Proof of Stake, that user would need a large shares of the overall coins. Acquiring this number of coins would be very difficult and expensive, and such an individual would have little incentive to attack the network as this would hurt the value of his own coins. As such, a Proof of Stake system is secured through basic economic facts rather than mass computing power.
While this is still a very contentious issue, the superior environmental and economic efficients of Proof of Stake lead many here to believe that it could be the future of cryptocurrency.

What other reasons are there to pick up some BlackCoin? [D]

There are many interesting coins out there, but BlackCoin strives to be superior in all areas. The combination of Proof of Stake and fast transaction times allow BlackCoin to excel both as a long-term store of value and for day-to-day transactions, a rare combination. But the coin also has a strong community and a rapidly developing infrastructure.
The coin's original developer has continued to work on the coin and make sure new applications are secure, even going so far as to point out a potential vulnerability in a competing coin. There is a dedicated community manager and many others who have been helping BlackCoin to grow and thrive.
Further, there are many new and exciting projects going on with BlackCoin, and it can even be difficult to keep track of it all. The most famous of these projects is the Blackcoin mining pool (http://blackcoinpool.com/), which allows miners to group together to mine other Proof of Work coins and use the profits to purchase BlackCoin, allowing this value to be absorbed into the BlackCoin economy. But don't be confused - the coin wasn't built around the idea of the mining pool, it's just one of the many great community developments that have sprung up to support it.
There have been other major developments recently as well. BlackCoin was recently accepted to be part of CoinKite's point of sale system, a huge step which will make it easy for both physical and online merchants to accept BlackCoin. The Black Coin Card (www.blackcoincard.com) is another effort which will make it very simple for anyone to get started using BlackCoin. Even a press release was sent out today to spread the word about BlackCoin: http://www.prweb.com/releases/2014/04/prweb11772516.htm. The community brings more and more ideas each day to support and promote BlackCoin.

How to obtain BlackCoin? [E]

Just like any cryptocurrency at the moment, it can take a little effort to get started, but once you have some cryptocurrency to your name, it isn't too hard.
The best way at the moment to acquire BlackCoin would be to buy Bitcoin and send those to an exchange to convert to BlackCoin. BitStamp.net is one of the largest exchanges between USD and Bitcoin, while CoinBase is also an option for U.S. customers. Once you have bitcoin in your possession, you can convert them to BlackCoin pretty quickly. Just send them to an exchange like MintPal and you can buy them at the present market rate.
Unfortunately, it can be a bit slow to get Bitcoin with the above method, but it's probably the best. If you want greater speed, you could try localbitcoins.com or finding someone directly to trade with (perhaps another reddit user). However, you may pay a significant premium over the market rate this way (15%+) and have to be careful of scams.
For the miners out there, you can't mine BlackCoin directly, but you can join the BlackCoin pool which mines the most profitable coins and uses them to purchase BlackCoin. Another user made a video explaining how to get started here: http://www.reddit.com/blackcoin/comments/23dy88/a_video_on_how_to_get_set_up_for_new_members/ (But make sure you are pointed at the updated address, stratum+tcp://useast.blackcoinpool.com:3333 for scrypt as I write this, stratum+tcp://useast.blackcoinpool.com:4444 for SHA).

Why BlackCoin instead of competing Proof of Stake coins? [F]

Some way wonder why they should obtain BlackCoin when coins like NXT and Peercoin have been around longer. Of course, this is always up to an individual to decide, but I feel there are strong reasons to support BlackCoin instead.
I think PeerCoin was a great idea for a coin and was the original pioneer of the Proof of Stake/Proof of Work concept. It is still in a combination phase between the two, slowly transitioning to a pure proof of stake coin. But it is different in its goals from BlackCoin.
Peercoin was designed to be the sort of coin that you use as a store of value, but is also specifically designed not to be used for day to day transactions. It uses a slow transaction confirmation time of 10 minutes per block and a very high fixed fee rate for transactions at .01 PPC per kilobyte. It is intended to be more of a complementary coin to something like Bitcoin rather than a day to day currency.
NXT is another coin which is operating as completely Proof of Stake, but there are some important differences between the two coins. BlackCoin is currently about twice as fast as NXT in terms of average confirmation speed and was based on the original Bitcoin Protocol. In comparison, NXT was instead built on its own code base. This may allow some potential positive changes, but also means that NXT is more likely to introduce new bugs or exploits that were not a part of its tried-and-true predecessors.
But one of the biggest differences can be found in the initial coin distribution. BlackCoin was launched with a brief initial Proof of Work phase and no pre-mine. Although this phase is much shorter than the one implemented by Peercoin, it was announced a week in advance to give all miners and buyers an equal and fair opportunity to claim the coin. In contrast to this method, NXT was distributed based on Bitcoin payments to an account set up by the developer. The period for purchasing NXT was prematurely cut off 6 weeks early without any warning. See here for more information:
https://bitcointalk.org/index.php?topic=303898.msg3620944#msg3620944
Another important component of any cryptocurrency that truly cannot be understated is the community that supports, builds infrastructure for, and spreads awareness of the coin to increase both its utility and adoption rate. It is this very factor that I feel has played a major role in bringing Bitcoin to where it is today, with a multi-billion dollar market cap. While this is a largely subjective area, I feel that BlackCoin has one of the strongest communities, especially for a very young coin, with several new projects springing up every few days. Contrastingly, it appears that NXT has some schisms within the community as can be seen here, splitting into two different forums:
https://nextcoin.org/index.php/topic,4621.0.html
However, bear in mind that this is my own view on the situation as an outsider with limited involvement, and it is always best to do your own research if time permits.

Where can I talk to others about BlackCoin? [G]

There are a few places to talk about BlackCoin, news, and upcoming developments. First, where you are now, the reddit community has been growing very quickly:
http://www.reddit.com/blackcoin/ Make sure to check the sidebar for many more websites.
https://bitcointalk.org/index.php?topic=469640.0 This is the bitcointalk thread. This thread has historically had the most information of any forum, but it's quite a slog to read through. Worth checking up on if you don't want to miss anything though.
http://blackcointalk.com/ The "official" forums.

TL/DR Version: [H]

Blackcoin is a cryptocurrency. It's pretty new, but it's pretty great. It uses Proof of Stake, so it's efficient. It's also lightning fast. Bitcoin is slow and expensive to secure. Proof of Stake = the future. BlackCoin = the future. The community here is amazing. BlackCoinPool. BlackCoinCard. Press. Hype. CoinKite. New projects all the time. Don't get left in the dust. Blackcoin is the best in all areas. Speed, store of value, economics, efficiency, community, developers, got it all. Buy some.
submitted by asdffsdf to blackcoin [link] [comments]

Miami's Inaugural Bitcoin Hackathon! $17,500 in prizes. Great Sponsors: Bitpay,Coinkite,Bitstop,Trucoin,Satoshi Labs,Tally Capital and many more.

Blockchain Beach is proud to announce Miami’s inaugural Bitcoin Hackathon, a three-day event on the weekend of January 9th to the 11th. With prizes totaling over $17,500 USD in value, you can expect Miami’s most talented developers to show up. Entry is free for all participants as well as observers of the event. The event is strategically planned to occur just two weeks after the Bitcoin Bowl in St. Petersburg, FL and the weekend just before The North American Bitcoin Conference in Miami. The winner will be invited to the startup session at TNABC the weekend after the hackathon.
We were very fortunate to be able to partner up with some very generous Bitcoin industry startups including Bitpay, Bitstop, Coinkite, Trucoin, Satoshi Labs and others. Prizes range from cold hard paper wallets filled with bitcoin to bitcoin hardware wallets (Trezors). Of course there will be swag to go around and we have games centered around bitcoin planned for spectators to participate in to snag their first bits. Local educational institution partners include Miami Dade Community College, University of Miami, and Wyncode. Munchies and drinks will be provided by our awesome local event partners Kind Energy Bar, Pollo Tropical, 2SweetTreats, Jojo’s tea and others.
Miami and Bitcoin is a match made in heaven. Its geographic location, diverse population and upstart tech community make for an ideal substrate. Come join us by cheering on your favorite team or register and bring your skills!
Thanks for checking us out and for all the support.
Info & Registration : www.miamibitcoinhackathon.com
TLDR: Come to our hackathon in Miami. Develop some epic apps. Get some swag. Fall down the rabbit hole. Win.
submitted by blockchainbeach to Bitcoin [link] [comments]

New user to bitcoin

I am going to start out slow. I have signed up for coinkite, and have added every level of security to my account (two-factor authentication, multiple recovery emails/passwords).
I think for now I am just going to earn free bitcoin through survey and video offers, and maybe build a few USD worth of bitcoin while I try to research exactly how I can participate.
So, I ask all of you: I've read through the bitcoin wiki's and FAQ's, but what is YOUR anecdotal and serious advice for an extremely green bitcoin-er?
submitted by auxilary to Bitcoin [link] [comments]

New press release

Hey Blackcoiners...I thought we could use another press release so I came up with this. If anyone has any suggestions on how we could improve it, feel free. Also, we need to figure out the best way to get it out there.
BlackCoin Projects Taking Crypto-Currency to the Masses
BlackCoin leads the POS revolution in crypto-currency with unprecedented projects designed to reach the mainstream user.
With roughly two months since it's inception, BlackCoin has taken the crypto-currency world by storm. One of the first crypto-currencies to use the “proof of stake” system, BlackCoin has inspired many imitators in a short time. Despite the competition, BlackCoin has established itself as the most reliable currency in this class with an active and talented development team.
One reason that BlackCoin has separated itself from the pack is the unrivaled level of support and transparency from the development team. Leaders from the community recently participated in an online broadcast known as the “BlackCast.” This rare “unmasking” of the development team has helped build confidence and make the currency seem more professional. Many topics were discussed including: real world adoption of the currency, recent technological innovations, and promotional efforts.
The BlackCoin Pool is yet another innovation that has often been imitated but never successfully duplicated. While most crypto-currencies have mining pools, which use computers to solve complex algorithms, this results in an inflationary situation where many new coins are continually being created. BlackCoin uses a “multi-pool” which instead mines other virtual currencies and uses the proceeds to purchase BlackCoins for participants. This creates a steady stream of buying pressure in the market, which protects investors.
Recently, Version 2.0 of the BlackCoin Pool was released with much success. With improved performance, a built-from scratch interface, and new features, the pool has been popular within the mining community. As more miners join on a daily basis, the price support for the currency continues to expand.
Perhaps the most exciting development in recent days is the announcement that BlackCoin hired one of the leading tech PR agencies in the industry to promote the coin. Within a few days, the funds for the 90-day PR campaign were raised by the community, illustrating the level of involvement and confidence that it offers. The goal is to take BlackCoin into the mainstream and introduce it to new users. While Bitcoin has done a great job of illustrating the benefits of digital currency to millions of early adopters, BlackCoin aims to take that to the next level. With faster confirmation times, BlackCoin is the ideal choice for retail businesses who wish to offer their customers another way to pay.
With retail adoption on the horizon, BlackCoin has also partnered with a leading point of sale company called Coinkite. Coinkite makes it possible for consumers to load debit cards with BlackCoin, Litecoin, and Bitcoin. Their funds can then be spent at a growing roster of merchants from around the world. While other currencies typically take several minutes to confirm, BlackCoin transactions are typically completed in a few seconds, making it the ideal partner for Coinkite.
With so many projects on the horizon, it's easy to see why investors who missed out on the massive returns of Bitcoin are lining up to get involved with BlackCoin. The most popular method of purchasing the currency is by first purchasing Bitcoin and using that to buy BlackCoin on exchanges like Mintpal.com and Cryptsy.com. BlackCoin has also recently been added to the popular service Vault of Satoshi, which allows investors to buy directly with USD and other currencies. With huge returns and large volume, BlackCoin is attracting a new type of investor to the crypto-currency world. It's only a matter of time until it's accepted around the world, and investors who get in early reap the benefits.
submitted by lja_14 to blackcoin [link] [comments]

Proposed PR Newswire press release

Proposed PR Newswire press release I initially proposed on the sticky thread at the link below that we produce a press release. Bigbtcconsulting later agreed to work on this. http://www.reddit.com/blackcoin/comments/23fwwo/lfg_developers_designers_for_new_projects/ Iconic agreed to use his PR Newswire account to handle our blackcoin press releases, if we reimburse him. Here is that thread: http://www.reddit.com/blackcoin/comments/23i8tcold_hard_facts/ I produced the first rough draft and pasted it on the thread at the link below. Iamtheshirt later pasted a revised version, which I think is a big improvement. http://www.reddit.com/blackcoin/comments/23jt9m/we_need_a_green_marketing_initiative_encourage/ I used MS Word’s Track Changes feature to produce the version below based on Shirt’s revision. TL:DR I will be placing a clean copy of my revise version in a post below as soon as I have produced it. Anyone can suggest changes or produce a revised version. Blackcoin: Bitcoin's Green, Decentralized Competition Blackcoin vaulted onto many investors’ radar screens two weeks ago when its market cap increased ten time in 24 hoursthe value of the cryptocurrency multiplied ten times in 24 hours. At the peak of this meteoric rise, Blackcoin had the sixth-largest market cap of all cryptocurrencies. In the following day, the unsustainable growth rate caused a sell-off that dropped Blackcoin's value sharply. From that low point, Blackcoin has seen more sustainable growth over the last week, regaining almost 400% in value and market cap. Blackcoin is currently the ninth-largest cryptocurrency by market cap. At the time of this publication, each Blackcoin is valued at 0.19 24 USD. So, what is different about the two month old Blackcoin that to warrant the large amount of attention it has received? Blackcoin was specifically designed to improve upon two of the Bitcoin protocol by mitigating two of Bitcoin's most widely criticized design flaws: 1. The tremendously expensive and energy-inefficient proof of work system used to run the Bitcoin network and minet new Bitcoins has been replaced by Blackcoin's 100% proof of stake system. The capital equipment cost and electrical consumption required to maintain a Blackcoin network the size of Bitcion’s will probably be about a humdred times less. be By percentage of market cap, the operation cost and electricity usage of the Blackcoin network is merely a small fraction of the costs necessary to maintain the Bitcoin network. 2. Bitcoin’s ten minute ledger block generation time has been reduced to 10 seconds with Blackcoin. replaced by Blackcoin’s ten second block generation time. Since all transactions on cryptocurrency networks are contained in these ledger blocks and limited by their speed, Blackcoin has a clear advantage in merchant adoption over Bitcoin for point of sale transactions or any form of transaction in which speed is critical. Blackcoin's 100% proof of stake network is supported by stakeholders all over the world who receive by offering 1% yearly interest on their stake as an incentive to run the wallet software, thereby securing the network. Unlike the proof of work system, the proof of stake system does not require unnecessary, very-energy- intensive large calculations by competing miners in order to secure the network. This is the primary reason for Blackoin's fast transaction speed. The proof of stake system also ensures that the network will continue to run in perpetuity without requiring the use of prohibitively –expensive, energy-hungry specialized equipment, making Blackcoin's network extremely cost and energy efficient. Bitcoin's Proof of Work system was supported by individual computers in the past, but because the system requires large calculations by competing miners in order to secure the network and minet coins, it quickly led to a specialized hardware arms race. Bitcoin's network is currently supported by vast enterprises with millions of dollars of overhead in energy and specialized equipment. Blackcoin's supporting infrastructure is growing quickly, highlighted by the recent acceptance to CoinKite, a company offering user friendly web and point of sale solutions for merchants who wish to accept cryptocurrency. CoinKite had previously offered solutions only for Bitcoin and Litecoin, the two largest cryptocurrencies by market cap. Blackcoin will be the third coin added to Coinkite in June. Blackcoin is the clear choice for the environmentally-conscious individuals and buninesses looking for a green, energy efficient cryptocurrency or for those who believe in Satoshi Nakamoto's original vision of a completely decentralized cryptocurrency run by the people. Combined with Blackcoin's ten second ledger block generatin timeother advantages, the current market leaders in cryptocurrency, Bitcoin and Litecoin, may now have some serious competition on their hands.
submitted by RJSchex to blackcoin [link] [comments]

How to use bitcoin for business? NO clue how it works/what hardware/software is required. Please help

Bitcoin experts please help me. Here is the idea I'm trying to do. Have it to where a customer can come to the storefront with no bitcoin or bitcoin wallet, just a debit/credit card. They use the debit/credit card to pay for bitcoins at a premium above the cost of the service/product, and then transfer that bitcoin to the selleprovider of the services.
From there, the seller would need to transfer the bitcoin into USD currency to receive their payment, they would transfer the bitcoin+ the markup automatically to a merchant and in turn i would sell the bitcoin, keep the markup, and give them the equivalent in USD of what their service would have cost originally.
I know this sounds weird and complicated, but I thought of it and am trying to figure out just how that would work. I have seen things like coinkite but I'm not sure exactly how that would work.
I want to act as a merchant processor for the bitcoins so the store only receives the cost of their service, the customer pays a small markup in order to use their debit/credit card, and I would receive a profit from the markup the customers pays (or a processing fee the store pays).
Please advice me on how this could work and what is needed. How does a customer take a credit card and buy bitcoins easily without needing to go online and set stuff up, like the most instant way to do it?
Thank you!
submitted by sandiegonotarynow to Bitcoin [link] [comments]

Is it possible to make a bitcoin debit card that works with the local currency?

I was wondering - is there any way a service provider, such as Coinkite or Coinbase or Blockchain.info could create a debit card that acts like a bank debit card. The debit card would be able to spend local currency (e.g. USD). So your online account holds your bitcoins and when you use your debit card the required bitcoins would be sold for USD by the online wallet provider and instantly spent by the debit card, wherever you used it - either online or in a store. Or is this impossible?
edit: wording
submitted by lotusplant to Bitcoin [link] [comments]

[Table] IamA Owner of a Bitcoin Accepting Subway in Allentown, PA (Sapan Shah) AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-12-02
Link to submission (Has self-text)
Questions Answers
How has your staff taken to accepting bitcoins? Do the number of decimal places freak out the staff? Do you have a minimum purchase requirement for use of bitcoin? My employees are simply awesome. They have dealt with all of this with a smile on their faces and have actually shown a lot of interest.
They don't have to deal with decimals because I have set it up so all they have to do is input the total dollar amount into a tablet at the register. The app automatically generates the code that the customer scans. It pops up on the screen when they receive the payment.
We don't have a minimum purchase requirement.
Hi. How many bitcoin customers have you had so far? Are you a bitcoin investor as well? I can not disclose exact sale figures or numbers, however I can say it has steadily been growing. We have a couple bitcoin paying customers almost every day.
I am indeed a bitcoin investor myself.
How many times a week does someone ask you what a Bitcoin is? 4 Zillion.
Plain and simple.
I thought bitcoins were worth about 1K each. How would it work if I forked over a bitcoin for a Footlong Tuna Fish sandwich? We calculate the total sale amount (i.e. $10.53) and convert that to the equivalent Bitcoin value (roughly 10.09 mBTC or .01009 BTC). We generate a QR code with an address and the amount. The customer scans that code and sends us instant payment.
You can take a look at preev.com to see what I mean.
Don't sell yourself short, 10.09 milli would be .01009. roughly 10.09 mBTC or .001009 BTC. Would be $1.13. You are correct- I changed it..thank you :)
Do you immediately sell the bitcoins for cash to take away the currency risk or are you keeping the bitcoins in your account? This has been one of the most complicated parts of the process. Since I started accepting Bitcoins, I have switched my Merchant Services Processor 3 times. I am actually looking for a longer term solution. Until I find a more permanent solution that is fully integrated with our bank account, our Bitcoins are remaining as is.
Since this has been relatively new we are still working out all the kinks in the process. I am not worried about the currency risk at all.
How have you been keeping records of sales? I'm planning to accept Bitcoin but am unsure how to do so legally as a business. So you convert to USD and simply keep record of those earnings? Link to en.bitcoin.it
I thought it took like an hour to confirm a bitcoin transaction. I remember reading that it was too slow for most consumer transactions like this. Am I completely misinformed? In our case, we have not had a payment take longer than 2-3 seconds. The merchant services take care of everything on the back end. A transaction has never taken us 1 hour to process.
Would you be able to pay an employee in BTC if they desired? There are no Bitcoin Payroll Services to my knowledge. I'm not sure how feasible this would be.
Is your store a franchise? - what do you do if the value of bitcoin drops? Does the company you go through for scanning take care of that? - what company do you use? - what kind of training did you give your employees? - if i wanted to start getting my local business owners in on this, what do you recommend i show them? Subway is indeed a franchise. We are currently using Coinbase to process our payments and I have personally walked all of my employees through the process.
I have found this page to be the most helpful if you want to show other small business owners: Link to en.bitcoin.it
It was most helpful for me.
Was really excited to see the fact that more brick and mortar stores are accepting bitcoin, of course even more so when it was a more well known chain store (compared to a mom and pop place) Has the news coverage about this given you more business from local bitcoin users? Whats you're current process for accepting bitcoins (how do you go handle payments, exchanges and such)? I hope more businesses will begin accepting Bitcoin!
Ever heard of Coinkite? and if so would you consider using them as a way to accept bitcoins (and Litecoins?) *They're like a wallet service with a credit-card esque terminal where you get a bitcoin debit card and can make payments through that (or the traditional way of QR Codes works too) I did consider Coinkite. They were very nice and responsive, just not the right match for us at this time.
How can I persuade other Subway Owners to accept Bitcoin at their stores? This is a very good question. I think it is entirely up to the owner if they want to start accepting it or not. There is definitely a learning curve involved along with some risk and doubt.
A good start would be educating them about what a Bitcoin is. Even if you ultimately can't persuade them, at least you have taught one more person about Bitcoin.
The second thing maybe to show them some articles or videos about me accepting it. Tell them I have been accepting it for over a month. If they see another franchisee accepting it, they may be more willing to try it out.
Many may be deterred by the initial costs involved. Perhaps eliminating those costs would help to convince many to come on board. You could also try telling them it is non-binding, they don't have to sign a contract and there is no catch. Print out a sign and set it up for them. Tell them to try it out for a week and if they don't like it- ...nevermind, I doubt that will happen.
Can you write a little FAQ for Subway patrons to convince owners in their area to accept bitcoin? Would love a little list of hardware, software, which accounts to create with which companies, etc. Most of the equipment used in Subway's are fairly standard. I have a Nexus 7 next to my register with the POS app on there. They would just need to tweak some settings on the POS.
If you draft up some questions I might be able to help you out with an FAQ
I'm most curious about the things that would encourage or discourage a small business owner who is less knowledgeable/enthusiastic about bitcoin from accepting them. I've thought for a while that there is a need for somebody to create a well-executed, hard to screw-up, system for small businesses to accept bitcoins for in-person transactions. As far as I can tell, nothing like that exists on the market today, and most businesses accepting BTC are mostly rolling their own solution, at a high cost in time for whoever is managing it. Would you buy such a system, if it was available? I set up most of my system by myself. It took a little bit of technical knowledge (and interest). There are people available that can come in and set everything up, I just wanted to keep it simple and easy. I doubt other business owners would want to pay start up costs in addition to take the risk of accepting a new form of tender.
About how much time a week do you spend dealing with Bitcoin processing related issues? What was your worst week? What are the biggest pain points in accepting bitcoins right now? Training staff, integrating with existing POS systems, getting reliable conversions back to USD, something else? I don't spend too much time dealing with Bitcoin Processing related issues too much. They go fairly smoothly.
I'm from Plymouth Meeting, which is really close to Allentown! I think this is awesome, I should come buy something with Bitcoins sometime. Also, what was the most difficult part about integrating Bitcoins into your store? There have been so many challenges from the start. I think the biggest one has been trying to explain to everyone what a Bitcoin is. For example, in order to train my employees, they needed to fundamentally understand what a Bitcoin was. I had to explain it over and over again answering the same doubtful questions.
We would love to have you at our store!
Hey, you run the Subway by Dorney Park? Wow, I used to live right near there, worked at St Luke's in Bethlehem. Nostalgia. Not related to BitCoin, but what do you think of Allentown and LV in general? How long have you been there? Where are you originally from? Yep, Subway Dorneyville. I was born and brought up in Allentown!
Do you have any BTC for yourself? Also, what do you think about altcoins such as Litecoin, Namecoin, ect. I do have BTC myself. I do not have any plans to start accepting any Alt. currency at my store. I think they are very interesting and we may see many more in the future.
Hey there Sapan, I'm located in easton and I was just wondering which subway it is that you run so that I can possibly stop by and say hello?! Absolutely! Link to local.subway.com
I spend a lot of time in Allentown. Where is your store located? I'd love to stop by and buy some subway with bitcoins. Link to local.subway.com
Allentown resident here. Which Subway? Link to local.subway.com
Hey, I go to Lehigh. I'm literally in the building across the street from you. I was also your 2nd bitcoin customer. If I happen to see you, I'll say hi. Do say hi if you see me. I'm always there.
No questions, but thank you from the Dorney Park team for making lunch for us on many occasions! You guys are Awesome. Can't wait till everyone comes back in the Spring.
You're a very smart man according to the fever going on in bitcoin. Thank you, I'm not that smart. Just a man with a Sub...and a Bitcoin.
According to them, you are going to be a millionaire by accepting bitcoin right now. According to me. They all are probably millionaires. I've gotten to meet some of them in my store. Great group of people. on bitcoin.
Last updated: 2013-12-07 04:31 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

Bitcoin price forecast for Today. BTC/USD, XBT/USD Coinkite Coldcard Mark 3 Bitcoin Wallet Unboxing and Review 10. How to Setup COLDCARD Air-Gap Multisig Wallet and use with Electrum Coinkite Bitcoin Payment Terminal Quick Preview Max Keiser Explains That His $400K Bitcoin (BTC) Price Prediction Will Coincide with USD Collapse

49:00 – Does Coinkite store any data about customers to link the serial number with the invoice? 50:28 – Coinkite’s merchant processor is proprietary. 51:17 – Rolling the dice for more randomness during seed phrase generation. 53:11 – What is CK Bunker? 55:05 – Shamir Backup on Coldcard? 56:12 – What is next for the Coldcard? Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. The need to balance security with ease of use is a key consideration for the best bitcoin wallets. By John Divine and Matt Whittaker June 23, 2020 By John Divine and Matt Whittaker June 23, 2020 Get Verified for Bitcoin Purchase. You need to verify your account before you can buy BTC with credit or debit card. This involves the uploading of your passport, national ID or other documents. Once approved and cleared, you can buy Bitcoins for up to 15,000 USD with your credit/debit card. Purchase Bitcoin The coinkite product line has no such array of unique, modular products to sell that only work with their card and reader offerings at such a reliable, fervent pace. Note that I do agree with you that merchants need to first adopt Bitcoin, but there are problems which may prevent Coinkite from realistically implementing what you just said.

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Bitcoin price forecast for Today. BTC/USD, XBT/USD

Make 10 usd Every 50 Seconds Trading Binary Options 100% WINS - Profitable 2018 Trading strategies - Duration: 5:58. Proudly Tech Money General Tips And Tricks 56,075 views 5:58 https://www.johnchow.com In this video, I unbox and review the new Coldcard Mark 3 by Coinkite. This maybe the best and most secured Bitcoin wallet ever made. Start your blog: https://www.johnchow ... -bitcoin price usd -best bitcoin price in united states 2020 -best bitcoin price prediction 2020 So you would like to know more about bitcoin price, I did too and here is the video that I created ... “Bitcoin is setting up to have a significant move higher, and a weaker USD would be a strong tailwind… Bitcoin has consolidated over the past two years and is primed to make a big move higher… Trade Bitcoin futures here: https://bit.ly/2RCN3jf and receive a 10% fee discount for 6 months. Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next.

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