Million dollars Bitcoin – Good History & Reputation

"Quite honestly, I don't think we should be doing smart contracts on Bitcoin. Bitcoin doesn't do smart contracts, and it doesn't do smart contracts because it does security." - Andreas Antonopoulos

Taken from LTB #414 Live Q&A
Stephanie Murphy: “What's everybody's view on Rootstock (RSK)?”
Andreas M. Antonopoulos: I don't think Rootstock is putting smart contracts on Bitcoin. Rootstock is allowing you to use Bitcoin to pay for smart contracts on the Rootstock Drivechain, which you could theoretically do by shifting money into Ethereum. In fact, recently I saw someone who had built a gateway that allowed you to make a Lightning payment that terminated in an Ethereum contract. So there's many ways to bridge different blockchains together. Quite honestly, I don't think we should be doing smart contracts on Bitcoin. Bitcoin doesn't do smart contracts, and it doesn't do smart contracts because it does security. That's not a trade off I think is worth doing. It's much better to leave that to a chain that has a much more experimental culture and can take bigger risks.
As to whether we can do smart contracts, that's not a binary question; it's a question of value. So can we do smart contracts that can keep $1,000,000 secure? Yes. $10,000,000? Maybe. $100,000,000? No, the DAO proved that. How about now? DAI is doing more, so maybe yes. So it's basically a moving front. As the the maturity of the smart contract ecosystem expands, we can do bigger and bigger stakes (no pun intended) within the smart contract ecosystem. Every now and then there's gonna be a fairly catastrophic failure that's gonna cause a regression in the amounts of money that's put in them. But essentially it's growing. We're proving this every day, and it's the same thing with Bitcoin. The way you measure security in a smart contract or you measure security in a cryptocurrency like Bitcoin is how secure is Bitcoin? X billion dollars. That's the stake that is sitting on it right now, unhacked so far.
BONUS: Bitcoin's security model as block reward approaches 0.
Stephanie Murphy: “Do you think Bitcoin will be able to shift from block rewards to transaction fees to maintain security as the block reward approaches zero?”
Andreas M. Antonopoulos: “This is one of the fundamental misunderstandings and dynamics of mining for most people, which is the idea that something suddenly happens sometime at an undescribed future, either at the next halving or in 2141. The truth is on a daily basis, every single miner in the industry looks at six or seven different factors: the efficiency of their mining equipment, the price of electricity in their local fiat, the cost of their operation system, the current price of Bitcoin in fiat, the reward that's available as a block subsidy, the average amount of fees they can get, and the relative proportion of hashing power. They decide based on all of these factors. Do I leave this specific machine on at its current efficiency, or do I turn it off, or do I point it to another coin? That happens every single day. Every single day that decision continues, it’s rebalancing all of these dynamic factors. So the shift between block subsidy and fees happened every single day since January 3rd 2009 and it continues to happen today.
Sometimes, the capacity of the blockchain, the number of transactions that are in there, the value of the fees mean that it really attracts miners because there's a lot of fees to take. Other times, the fees decrease, the number of transactions decreases, so they're now more reliant on block subsidy and then it swings back and forth and back and forth. It's gonna oscillate in that way all the way to 2141.
submitted by lobt to Bitcoin [link] [comments]

Bittrex Moved 1.2 Billion Worth of Bitcoin Under 13 Dollars

Bittrex Moved 1.2 Billion Worth of Bitcoin Under 13 Dollars submitted by Consulting_24 to Bitcoin_News [link] [comments]

"According to JP Morgan - only 2 billion dollars entered Bitcoin in 2017"

submitted by jackjill9500 to Buttcoin [link] [comments]

For those that hold BTC as a large portion of your portfolio...please try to change my opinion on BTC's future

As it stands, bitcoin is the only major crypto that I have serious concerns about putting my money into, because of how large of a market cap it has compared to other projects in the space.
In my mind, 99% of valuations in crypto come from the expectation of some sort of real world application of the project. XRP, XLM, WTC, ICX, OMG, XRB, IOTA... these all show promise of having legitimate impacts on their industries in the years to come, and their valuations reflect this.
Yet bitcoin... I don't see how it can be legitimately used in any facet that wouldn't be better achieved by a different project in the space.
Right now I think that it's valuation comes from the fact that it is the most popular crypto, and that it is needed in order to trade for a lot of other altcoins(XRB for example I believe is only available via XRB/BTC).
But both of those things can easily change, people are becoming more aware of projects like Ethereum and Ripple, and exchanges are allowing more trading pairs besides Bitcoin.
I am honestly looking for someone to change my mind on this, because my pessimism on BTC's future has been giving me anxiety about crypto's short term future. How can you justify Bitcoin's $240 BILLION DOLLAR VALUATION, let alone invest in it with the expectation that it will increase.
submitted by nerveonya to CryptoCurrency [link] [comments]

TIL less than .18% of all people in the world have bought any Bitcoin. Combined, 53% of Bitcoin wallets contain less than .02% of all Bitcoins, while .46% of all wallets contain about 26% of all Bitcoins. The biggest wallet is value at over 2.5 Billion dollars.

TIL less than .18% of all people in the world have bought any Bitcoin. Combined, 53% of Bitcoin wallets contain less than .02% of all Bitcoins, while .46% of all wallets contain about 26% of all Bitcoins. The biggest wallet is value at over 2.5 Billion dollars. submitted by 1948Orwell1984 to Bitcoin [link] [comments]

TIL less than .18% of all people in the world have bought any Bitcoin. Combined, 53% of Bitcoin wallets contain less than .02% of all Bitcoins, while .46% of all wallets contain about 26% of all Bitcoins. The biggest wallet is value at over 2.5 Billion dollars.

TIL less than .18% of all people in the world have bought any Bitcoin. Combined, 53% of Bitcoin wallets contain less than .02% of all Bitcoins, while .46% of all wallets contain about 26% of all Bitcoins. The biggest wallet is value at over 2.5 Billion dollars. submitted by 1948Orwell1984 to CryptoCurrency [link] [comments]

CNBC said 90 new hedge funds formed this year for bitcoin investment compared to 10 last year but the 2.3 billion they have to invest is still a tiny fraction of the 3 Trillion dollar hedge fund industry. My conclusion....much much more upside coming.

CNBC said 90 new hedge funds formed this year for bitcoin investment compared to 10 last year but the 2.3 billion they have to invest is still a tiny fraction of the 3 Trillion dollar hedge fund industry. My conclusion....much much more upside coming.
The spigots on the huge world financial faucets are just STARTING to open. Up until now Bitcoin price increases have mostly been driven by tiny individual investors.
We cant even begin to imagine the pricing pressure that will appear when substantial portions of billions and trillions of dollars need to take a position or be left behind by their investors asking them why the haven't.
submitted by azzazaz to Bitcoin [link] [comments]

Why does CoinMarketCap use data from just two scam exchanges to effectively value a sh*tcoin like Bitcoin 2 at half a billion dollars?! It makes crypto look like a complete joke! Only data from 'legitimate'(wash trading, I know!) top exchanges should be used when establishing a project's Marketcap.

Why does CoinMarketCap use data from just two scam exchanges to effectively value a sh*tcoin like Bitcoin 2 at half a billion dollars?! It makes crypto look like a complete joke! Only data from 'legitimate'(wash trading, I know!) top exchanges should be used when establishing a project's Marketcap. submitted by vegasbooty to Cryptoandme [link] [comments]

Why does CoinMarketCap use data from just two scam exchanges to effectively value a sh*tcoin like Bitcoin 2 at half a billion dollars?! It makes crypto look like a complete joke! Only data from 'legitimate'(wash trading, I know!) top exchanges should be used when establishing a project's Marketcap.

Why does CoinMarketCap use data from just two scam exchanges to effectively value a sh*tcoin like Bitcoin 2 at half a billion dollars?! It makes crypto look like a complete joke! Only data from 'legitimate'(wash trading, I know!) top exchanges should be used when establishing a project's Marketcap. submitted by scgco to GGCrypto [link] [comments]

‪With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #PeruCoin #ico #bitcoin #cryptocurrency ‬

‪With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #PeruCoin #ico #bitcoin #cryptocurrency ‬ submitted by QSMarketingCorp to PeruCoin [link] [comments]

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin submitted by QSMarketingCorp to PeruCoin [link] [comments]

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin submitted by denzkilim to altcoinforum [link] [comments]

maybe it's somewhat incongruous and out of character to pay only $2 for converting 1 billion of dollars into yuan via bitcoin

maybe it's somewhat incongruous and out of character to pay only $2 for converting 1 billion of dollars into yuan via bitcoin submitted by alfonumeric to btc [link] [comments]

Bought my first Bitcoin January 2nd

I can't wait for the first anniversary of when I bought my first Bitcoin (0.1). Since then was slowly accumulating more and more as I was trying to learn as much about Bitcoin as I could. I remember reading lots of negative articles about Bitoin in Bloomberg, the Financial Times and many other media outlets. Yet, at the same time there was a ray of light in the obscurity, I was reading pro Bitcoin articles and watching videos by figures like Andreas Antonopoulos and Patrick Byrne.
The flash crash of 2014 happened and I was debating whether to sell or buy more and then it hit me, I wasn't in Bitcoin to make money, I was in Bitcoin because of what it represented. Politically I sway towards the left, and since Bitcoin represents institutional emancipation and limits the funding of war I decided I was going to stick with Bitcoin until it went to shit, then bought a good amount during the crash phase, which leveled me out once we picked up again.
Today, I find it amazing how the the very same media outlets that were criticizing Bitcoin are now publishing positive articles, heck Bloomberg even started tracking the price. Being part of Bitcoin and as a psychology student it has been fascinating experience to see how people can discrimination against things they don't fully understand and or take a sheep mentality. Though now the tipping point is finally upon us, one of the most significant developments in Bitcoin is billion dollar companies taking it as a form of payment.
These are just some of my thoughts I wanted to share and I can't wait to see what the state of Bitcoin will be on January 2nd.
submitted by Panni30 to Bitcoin [link] [comments]

Fun fact: Since July 30, 2015, Bitcoin's lead in market cap over today's #2 alt has grown from $4 Billion to $20 Billion dollars--that's 500% in the actual lead. Don't be mislead. The world talks about Bitcoin. The others are practically unknown.

submitted by Lejitz to Bitcoin [link] [comments]

With 21 BILLION circulating tokens, each worth a dollar (milli-Bitcoins), Bitcoin is a TOY. With 21 TRILLION tokens (uBitcoins - or bits), each worth a dollar, Bitcoin is a CURRENCY. We can get to 32^2 = 1000x higher price, via merely 32x more transaction capacity - ie Satoshi's original 32MB blocks

AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
https://np.reddit.com/btc/comments/5u72va/axablockstream_are_suppressing_bitcoin_price_at/
Bitcoin Original: Reinstate Satoshi's original 32MB max blocksize. If actual blocks grow 54% per year (and price grows 1.542 = 2.37x per year - Metcalfe's Law), then in 8 years we'd have 32MB blocks, 100 txns/sec, 1 BTC = 1 million USD - 100% on-chain P2P cash, without SegWit/Lightning or Unlimited
https://www.reddit.com/btc/comments/5uljaf/bitcoin_original_reinstate_satoshis_original_32mb/
~ YouDoTheMath
submitted by ydtm to btc [link] [comments]

[Somethimes we need marketing examples] Maidsafe - The pitch is decentralized information in their case.

This is guys are very wise! They start marketing their system by services around it. The coin is the hole idea behind it! But they do not promote it too much.... why?
They think the best way of having people mining is if they provide storage for the network. (Blockchain) We are by holding some coins...
But that's not important because people will mine for them because they do not even make such fuss around the coin it self, or money.
This is showing me that we (Reddcoin community ) need first to attract more users! (Small business and organizations)
How we do that - Reddcoin Bradcast provides business/ organizations or small communities a free online tool to expand their voice in social platforms.
We need to understand that if we do not have any mysterious relations with any (huge) social platform, We are in this aquarium (that is reddit.com) with a bunch of piranhas (other altcoins >250) doing the same marketing plan (We are internet money! Lots of speculation! Such investment!)
People that look at us do not take us serious, just because we are derivatives of Bitcoin a billion dollar system.
With my post I want to say that I believe we can get there sure we will. But if there is no mysterious partnership we should target the broadcast platform after the social wallet comes official.
Hope you check my previous post this weekend so that I can edit it.
Cheers reddheads!
submitted by artur_oliver to reddCoin [link] [comments]

The Monero Report - Monday, February 29th.

By request, I've decided to periodically advise on the best cryptocurrency assets here.
XMR, The worlds premier private decentralized network trucks on today, with most of the under-the-hood work done, and a GUI inbound in the foreseeable future.
The price has slowly recovered from the moonshot towards $1 parity, finding accumulation in between 70 and 90 cents.
https://poloniex.com/exchange#btc_xmr
As you can see on the Poloniex exchange, recent dumps of up to 20k coins have not shaken out the new interest, and with one of the main devs just returning from a weekend conference shared with the leaders in the Bitcoin space, it's possible some new talent and money may be interested in the project.
When I first alerted Reddit about this on WallStreetButts, after a years worth of study, it was at 38 cents each (October last year). If you got into it then, you are up over 100% as of today with a strong base. You're welcome.
As I said then, I cannot advise anyone on what to do - the price can do anything at any time - but I foresee great things ahead for Monero in 2016 and 2017, and with a market 'cap' of only $8 million, who knows what will happen.
This could easily supplant Bitcoin's $5 billion dollar cap, due to its technical superiority. Remember how much value was stored in Swiss and Cayman accounts at one point? Imagine those but with no point of failure. Bitcoin can never be true digital cash because it relies on a public ledger. Monero's public ledger is encrypted, and you have to specifically authorize anyone to view your transactions or balanced - not try to obfuscate what you've already done.
Essentially Monero isn't just Bitcoin 2.0. It's more like Bitcoin2
But as usual, don't believe a word I say. I have long positions in Monero, and have been accumulating it since last year. Google and do your own research, and if you have any questions feel free to ask.
Bonus: I have a new cryptocurrency I am researching that may disrupt billions of dollars of industry in coming years. However research is still ongoing. I will tell you more about it in the next issue.
submitted by americanpegasus to shkreli [link] [comments]

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin

With a 200 billion dollar economy, even a 1% long term conversion to crypto in Peru translates to a 2 billion dollar transaction rate for the company. #Peru #Billions #Economy #Crypto #cryptocurrency #company #dollar #eth #ico #bitcoin #perucoin submitted by achmad78 to ico [link] [comments]

Bitcoin’s market cap is 3.2 billion dollars and there are 6000 nodes. That’s a half million dollars of responsibility per node to ensure bitcoin stays decentralized.

submitted by Adammoon to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: If you won 1.2 billion dollars, What is the first thing you would spend on to spoil yourself? /r/AskReddit

Bitcoin mentioned around Reddit: If you won 1.2 billion dollars, What is the first thing you would spend on to spoil yourself? /AskReddit submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: If you won 1.2 billion dollars, What is the first thing you would spend on to spoil yourself? /r/AskReddit

Bitcoin mentioned around Reddit: If you won 1.2 billion dollars, What is the first thing you would spend on to spoil yourself? /AskReddit submitted by cryptoanalyticabot to cryptoall [link] [comments]

The Future of Bitcoin - Why 1 BTC Might Reach $100 Million ... Bitcoin will be worth a MILLION dollars using the ... BITCOIN $2 BILLION DUMP or CSW FUD? Whales SECRETLY Accumulate ALTCOINS!? China to Invest 2 Billion Dollars On Blockchain!!! $26 BILLION DOLLAR BITCOIN END GAME???

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The Future of Bitcoin - Why 1 BTC Might Reach $100 Million ...

Could a bitcoin be worth $26 Billion? Based on historical gains its possible, but in todays episode I am going to take a look at if this is reasonable. Join ... Bitcoin traders have been hit by a multi-billion dollar scam and paid the price without even falling for it, thanks to PlusToken. It’s a Bitcoin Scam! Read the full article here - https://blog ... A look on the bullish side of Bitcoin and despite a turbulent 2018 why we might see an incredible future for BTC. The excitement is building around Bitcoin a... If you would like to support me, please like, comment & subscribe, and check me out on Patreon: https://patreon.com/johnhammond010 E-mail: [email protected] Is a $1 Million Bitcoin Possible? Let's make the case. Follow us on Twitter: https://twitter.com/AltcoinDailyio Links and Articles: The Case for the $1 Million Dollar ...

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