Bitcoin Experts Weigh In On Impact Of Potential Satoshi ...

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Rollercoin. Online Bitcoin Mining!! 200 Satoshi for free!! Last day of BIG SALES!!! -65% in all miners!!!

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submitted by Mortaix to Referral [link] [comments]

Satoshi Nakaboto: ‘Big dog billionaire investor says Fed should add Bitcoin to its reserve’

Satoshi Nakaboto: ‘Big dog billionaire investor says Fed should add Bitcoin to its reserve’ submitted by Ranzware to Ranzware [link] [comments]

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Largest sale in RollerCoin ever!!!! For the next 10 days it will be bigs disscounts on miners. -65% ON ALL EQUIPMENT and -10% ON RLT PURCHASES WITH ETH!!
New update!!! Inventory is here. Previously the number of miners you could buy was limited to the rack’s space you have. If you have bought some basic miners at the start of the game and now want to replace it with something more powerful – go ahead and do that!
Earn real bitcoins. Build Virtual data center and start earning Bitcoin, Ethereum or Doge.
Play fun and addictive side-missions, tasks, and mini-games to increase your mining power. The more powerful your miner is, the more bitcoins you earn.
Ethereum and DOGE withdraw is here!! Now you can withdraw ETH and DOGE with very low minimum!!!
Block reward increased by 2!!!!
Join discord for help in the first steps and play with cctip bot!!
Here is my referal link. Register now and get 200 Satoshi for free: https://rollercoin.com/?r=k7p0mi77
submitted by Mortaix to Referral [link] [comments]

I see people starting to wake up to the fact that BSV is the only big block Bitcoin that follows the vision of Satoshi. It takes bravery and courage to speak up in support of BSV while the intimidation mob exists. Imagine how many more are waking up but are keeping to themselves.

I see people starting to wake up to the fact that BSV is the only big block Bitcoin that follows the vision of Satoshi. It takes bravery and courage to speak up in support of BSV while the intimidation mob exists. Imagine how many more are waking up but are keeping to themselves. submitted by cryptorebel to bitcoincashSV [link] [comments]

Satoshi Nakamoto supports big blocks: "Bitcoin can already scale much larger than [Visa] with EXISTING HARDWARE for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size."

Satoshi Nakamoto supports big blocks: submitted by tralxz to btc [link] [comments]

Debunked: "We don't know what Satoshis opinion was on big blocks or exactly how he expected the Bitcoin design to scale past VISA levels and be usable as money for the entire world"

If the final edition of the design paper itself was not enough to convince you of how Bitcoin is designed to scale, here are Satoshis own less formal explanations.
Satoshi:
Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section 8) to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes.
At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware.
A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.
The bandwidth [required for running a network node] might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction.
Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.
If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.
Source
The proof-of-work is a Hashcash style SHA-256 collision finding. It's a memoryless process where you do millions of hashes a second, with a small chance of finding one each time. The 3 or 4 fastest nodes' dominance would only be proportional to their share of the total CPU power.
There will be transaction fees, so nodes will have an incentive to receive and include all the transactions they can.
Source
The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you’re interested, I can go over the ways it would cope with extreme size.
By Moore’s Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
Source
The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users.
The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
Source
While I don't think Bitcoin is practical for smaller micropayments right now, it will eventually be as storage and bandwidth costs continue to fall [on the global market]. If Bitcoin catches on on a big scale, it may already be the case by that time. Another way they can become more practical is if I implement the client-only mode [which uses the "Simplified Payment Verification" described in the design PDF] and the number of network nodes [more rapidly] consolidates into a smaller number of professional server farms. Whatever size micropayments you need will eventually be practical. I think in 5 or 10 years, the bandwidth and storage will seem trivial.
Source
It would be nice to keep the blk*.dat files small as long as we can.
The eventual solution will be to not care how big it gets.
But for now, while it's still small, it's nice to keep it small so new users can get going faster. When I eventually implement client-only mode, that won't matter much anymore.
Source
It can be phased in, like:
if (blocknumber > 115000) maxblocksize = largerlimit
It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.
When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.
Source
submitted by fruitsofknowledge to btc [link] [comments]

​​Happy Bitcoin Birthday! 🥳 Guess who's having a big today? That's right, our beloved Bitcoin. A day like today eleven years ago, Satoshi Nakamoto (whoever that is... :joy:) released the whitepaper that gave birth to the entire cryptocurrency world. This special day is a reminder that your suppo

​​Happy Bitcoin Birthday! 🥳 Guess who's having a big today? That's right, our beloved Bitcoin. A day like today eleven years ago, Satoshi Nakamoto (whoever that is... :joy:) released the whitepaper that gave birth to the entire cryptocurrency world. This special day is a reminder that your suppo submitted by Crypterium_app to Crypterium [link] [comments]

​​Happy Bitcoin Birthday! 🥳 Guess who's having a big today? That's right, our beloved Bitcoin. A day like today eleven years ago, Satoshi Nakamoto (whoever that is... :joy:) released the whitepaper that gave birth to the entire cryptocurrency world. This special day is a reminder that your suppo

​​Happy Bitcoin Birthday! 🥳 Guess who's having a big today? That's right, our beloved Bitcoin. A day like today eleven years ago, Satoshi Nakamoto (whoever that is... :joy:) released the whitepaper that gave birth to the entire cryptocurrency world. This special day is a reminder that your suppo submitted by Crypterium_app to crypterium_com [link] [comments]

Is Crypto Winter Back? ❄️ The overnight Bitcoin price crash is firing up the debate on whether the Satoshi’s cryptocurrency is heading south again or building up strength before a big jump. But… what’s behind the recent price drop? These are some possible explanations.

Is Crypto Winter Back? ❄️ The overnight Bitcoin price crash is firing up the debate on whether the Satoshi’s cryptocurrency is heading south again or building up strength before a big jump. But… what’s behind the recent price drop? These are some possible explanations. submitted by Crypterium_app to crypterium_com [link] [comments]

Satoshi: "The design supports a tremendous variety of possible transaction types that I designed years ago. Escrow transactions, bonded contracts, third party arbitration, multi-party signature, etc. If Bitcoin catches on in a big way, these are things we'll want to explore in the future"

submitted by fruitsofknowledge to btc [link] [comments]

Satoshi Nakamoto the inventor and creator of Bitcoin, on Bitcointalk forum in 2010: "It would be nice to keep the blk*.dat files small as long as we can. The eventual solution will be to not care how big it gets."

Satoshi Nakamoto the inventor and creator of Bitcoin, on Bitcointalk forum in 2010: submitted by cryptorebel to btc [link] [comments]

Is Crypto Winter Back? ❄️ The overnight Bitcoin price crash is firing up the debate on whether the Satoshi’s cryptocurrency is heading south again or building up strength before a big jump. But… what’s behind the recent price drop? These are some possible explanations.

Is Crypto Winter Back? ❄️ The overnight Bitcoin price crash is firing up the debate on whether the Satoshi’s cryptocurrency is heading south again or building up strength before a big jump. But… what’s behind the recent price drop? These are some possible explanations. submitted by Crypterium_app to Crypterium [link] [comments]

Almost 7 years ago someone on reddit tipped me $0.25 in bitcoin in a comment. Today I cashed out at $14 profit!

Almost 7 years ago someone on reddit tipped me $0.25 in bitcoin in a comment. Today I cashed out at $14 profit! submitted by YellowCity to Bitcoin [link] [comments]

The 10 minute block time stands as a living testimony Bitcoin was intelligently designed by Satoshi Nakamoto to work with big blocks right from the start.

submitted by unitedstatian to btc [link] [comments]

Small list of things you can do to help big block (Satoshi's) bitcoin

  1. Mine the bitcoin cash fork from August 1st, do this with your own asic hardware or cloud mine on bitcoin.com or viabtc.
2.Run bitcoin ABC or bitcoin unlimited preferably on a high spec machine (i7) with a high bandwidth connection. You will then be relaying and verifying transactions.
3.Sell any Segwit2x coins you may posses (after August 1st) and buy ABC/unlimited coins at your nearest supporting exchange.
4.Accept BCC (bitcoin cash) as payment.
5.Ask wallets, exchanges and businesses to support bitcoin cash.
6.Educate yourself about the technical debt and vulnerabilities of Segwit. Learn about the retardation of turning bitcoin into a promisary settlement coin where colluding miners can magically make your coins vanish. Explore the joys of locking all your money up in payment channels and paying $100 for a transaction in a few years with segwit+lightening+1mb blocks!
Did I miss anything? :-)
submitted by ConalR to btc [link] [comments]

07-12 00:33 - 'Once you run out of satoshis, you can use [ads4satoshis.com] to earn more and send them to your [bottle.li] account, Im a big fan of tipping content creators' by /u/CapitalPath removed from /r/Bitcoin within 192-202min

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Once you run out of satoshis, you can use [ads4satoshis.com]1 to earn more and send them to your [bottle.li]2 account, Im a big fan of tipping content creators
'''
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Go1dfish undelete link
unreddit undelete link
Author: CapitalPath
1: a*s4s*to*his.*om 2: bottl*.l*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

“the eventual solution will be to not care how big it (the bitcoin blockchain) gets.” - Satoshi Nakamoto

“the eventual solution will be to not care how big it (the bitcoin blockchain) gets.” - Satoshi Nakamoto submitted by MemoryDealers to btc [link] [comments]

Now 62-71% of the Bitcoin Cash network are supporting Satoshi Vision. Seems like miners want big blocks and are willing to mine at a loss to get big blocks. 128mb here we come.

Now 62-71% of the Bitcoin Cash network are supporting Satoshi Vision. Seems like miners want big blocks and are willing to mine at a loss to get big blocks. 128mb here we come. submitted by Windowly to btc [link] [comments]

[Daily Discussion] Tuesday, September 29, 2020

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Recently, #stackingsats (Stacking Satoshis) has begun to garner traction in halls of the school of Bitcoin. The satoshi accumulation movement scored a big win on Saturday, as Twitter CEO Jack Dorsey, joined in on the fun, purchasing Bitcoin on the Square app.

Recently, #stackingsats (Stacking Satoshis) has begun to garner traction in halls of the school of Bitcoin. The satoshi accumulation movement scored a big win on Saturday, as Twitter CEO Jack Dorsey, joined in on the fun, purchasing Bitcoin on the Square app. submitted by himadri-saha to CryptoCurrency [link] [comments]

Satoshi Nakamoto supports big blocks: "Bitcoin can already scale much larger than [Visa] with EXISTING HARDWARE for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size."

Satoshi Nakamoto supports big blocks: submitted by tralxz to CryptoCurrency [link] [comments]

The Satoshi Nakamoto, Bitcoin (BTC) and Julian Assange Link, Why His Arrest is a Big Blow - Ethereum World News

The Satoshi Nakamoto, Bitcoin (BTC) and Julian Assange Link, Why His Arrest is a Big Blow - Ethereum World News submitted by ulros to fbitcoin [link] [comments]

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