9 Best Bitcoin Wallet Hardware & Cryptocurrency Apps (2020)

The place for everything bitcoin!

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no one in charge of bitcoin and it is made up of willing participants. Bitcoin gives you the option to be your own bank.
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JoinMarket. Increase privacy of your bitcoins and earn income

Increase privacy of your bitcoins and earn income.
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Best Bitcoin Wallet Apps Reviewed

Best Bitcoin Wallet Apps Reviewed submitted by ExcellentDifficulty to Bitcoin [link] [comments]

Best Bitcoin Wallet Apps Reviewed

Best Bitcoin Wallet Apps Reviewed submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Requesting help to send from Stacks Wallet v3.0.0 for Mac using Ledger Nano S/X. Both Ledger Nano devices are on firmware v1.6.0 and running Bitcoin app v1.4.3. The Stacks Wallet gets stuck as seen in the pic. Ledger displays a prompt to "Review output #1." Wallet has plenty of BTC for fuel. Advice?

Requesting help to send from Stacks Wallet v3.0.0 for Mac using Ledger Nano S/X. Both Ledger Nano devices are on firmware v1.6.0 and running Bitcoin app v1.4.3. The Stacks Wallet gets stuck as seen in the pic. Ledger displays a prompt to submitted by logonaut_ to blockstack [link] [comments]

Bitcoin.com wallet is unfairly rated in App Store call for honest reviewers

Bitcoin.com wallet is unfairly rated in App Store call for honest reviewers submitted by Damascene_U to btc [link] [comments]

Coinbase App Review – Coinbase Bitcoin Wallet

Coinbase App Review – Coinbase Bitcoin Wallet submitted by ososru to Bitcoin4free [link] [comments]

Coinbase App Review – Coinbase Bitcoin Wallet

Coinbase App Review – Coinbase Bitcoin Wallet submitted by Rufflenator to 3bitcoins [link] [comments]

Bitcoin Wallet from Bitcoin.com (iOS App) had its reviews reset. Theyve cleaned it so they can misguide people more. /r/Bitcoin

Bitcoin Wallet from Bitcoin.com (iOS App) had its reviews reset. Theyve cleaned it so they can misguide people more. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

11 Best Bitcoin Wallet App & Hardware Reviews (2018 Updated)

submitted by claytonkb to claytonkb [link] [comments]

Found a review of Blockchain Wallet app on Google Play, user has no idea what Bitcoin is...

I was checking out the Blockchain Wallet android app and stumbled across this review. I wish there was a way to send a message to this person that has no idea how it works. They are obviously looking at the Value in USD and not BTC. I guess they don't know the prices fluctuate.
Missing bitcoins WARNING TO ALL!!! DO NOT USE THIS SERVICE!!! BLOCKCHAIN IS STEALING BITCOINS. 3 days ago I noticed some bitcoins missing from my wallet. Balance was $23 and I added $94 more. Day 1: balance $116.74, balance went up to $122 somehow, day 2: checked and balance went down to $113, checked again 4 hours later and balance went down again to $103, day 3: balance down again to $97, 1 hour later balance went to $92, I was forced to move the remaining. I contacted support but no help. They stole my money. Don't use!
It's kinda sad there's nothing we can do to contact this user and help them understand. They obviously have done zero research into what they were buying though, so I guess that's on them.
submitted by elbel86 to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] PSA: You can give reviews to bitcoin.com's BCH wallet on the app store.

The following post by atticusbaticus is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7k18gr
The original post's content was as follows:
This wallet is run by Roger Ver and it's default is set to BCH and it's UI is created to intentionally trick users into thinking they're using it to store BTC.
In my opinion, it is the duty of this community to give their honest rating of the app.
To me, personally, a 3.9 star is too high and not acceptable. I rated it one star. You should give your honest opinion as well.
Roger Ver believes in the free market; let us exercise this right and show our opinions.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

PSA: You can give reviews to bitcoin.com's BCH wallet on the app store. /r/Bitcoin

PSA: You can give reviews to bitcoin.com's BCH wallet on the app store. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

12-15 23:12 - 'PSA: You can give reviews to bitcoin.com's BCH wallet on the app store.' (self.Bitcoin) by /u/atticusbaticus removed from /r/Bitcoin within 324-334min

'''
This wallet is run by Roger Ver and it's default is set to BCH and it's UI is created to intentionally trick users into thinking they're using it to store BTC.
In my opinion, it is the duty of this community to give their honest rating of the app. This app will confuse newcomers and trick people. It is our duty to help strenghten the Crypto community and not let scams go unopposed.
To me, personally, a 3.9 star is too high and not acceptable. I rated it one star. You should give your honest opinion as well.
Roger Ver believes in the free market; let us exercise this right and show our opinions.
'''
PSA: You can give reviews to bitcoin.com's BCH wallet on the app store.
Go1dfish undelete link
unreddit undelete link
Author: atticusbaticus
submitted by removalbot to removalbot [link] [comments]

Does anyone find Ledger stressful ? Often I put off even checking my funds for fearing something has gone wrong

Right now I have some BTC on a legacy address I want to move it , but for some reason I don’t want to look for fear of encountering a problem . I’ve never actually had any serious issues but glancing over Reddit does trigger paranoia for me , but as long as I have my seed nothing can go wrong right ? As long as I have my Seed I can restore my ledger , Which I have done before , but what if Ledger fucks up more ? They had leaked emails already what if somehow they fuck up even more ? What if they just decide to design some malicious software which then gets released ? I’ve held btc for a while , but never have I not have a sinking feeling of impending doom when I login , do you guys know what I mean ? Plus with Ledgers updates all the time it just seems it’s a matter of time until we get a massive fuck up , I’ve noticed people complaining about odd years being listed next to transactions like 1970 and stuff . I read a former ledger engineer was very critical about their understanding of the technology and had very little faith in them going forward . Also I understand that it’s a bip39 wallet so can be booted up on another wallet ( I know put your seed into a hardware wallet not computer ) So if Ledger went down what would you use to boot your wallet ? What hardware wallet would you use ? Could you use the ledger still ? I’m just having a mild panic attack for some reason .
submitted by Realistic_Effect4186 to ledgerwallet [link] [comments]

Found a review of Blockchain Wallet app on Google Play, user has no idea what Bitcoin is... /r/Bitcoin

Found a review of Blockchain Wallet app on Google Play, user has no idea what Bitcoin is... /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading)

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading) submitted by punkrampant to Bitcoin [link] [comments]

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading)

App Review: Mycelium Bitcoin Wallet for Android (w/ Native Local Trading) submitted by punkrampant to CryptoCurrency [link] [comments]

Just Had the Worst Introduction to Sports Betting Ever

3 hours ago I opened an account on mybookie.ag and tried to put in my debit card info but was told it wasn't authorized for international purchases so my attempt to deposit $100 was declined. I go to sleep for a few hours and wake up to my Mom in hysterics about my bank, USAA, who just called the house looking for me to verify a purchase I made to make sure it wasn't fraud. Turns out my debit card info had been distributed and someone had already made a purchase in Nigeria at some random shop for $99.91. I told them I did not do this so they said they would send me a new debit card. USAA is superb.
I also asked about why I was unable to purchase internationally on the bookie site, but the scammer was able to buy something in Nigeria. They told me my card WAS authorized for international purchases so my suspicions were immediately confirmed. Right after I get off the phone with my bank I get a call from none other than mybookie.ag, who tells me I should've gotten a fraud notification from my bank, that it was no big deal, and that they could walk me through how to "authorize my card for international use" so the bank would approve the transaction. Trash. I hung up on them mid-sentence.
Glad I caught this shit early but wow... What a terrible series of events. All because I wanted to parlay Seahawks spread, Rams spread, and Saints moneyline lol.
TLDR; STAY AWAY FROM MYBOOKIE.AG
submitted by YvesSaintPige to sportsbetting [link] [comments]

Proposal: The Sia Foundation

Vision Statement

A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong.
In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things.
What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do.
You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us.
At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming.
Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born.
Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized.
Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung.
The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance.
Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
 

Overview

Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.

Organizational Structure

The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community.
The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.

Funding

The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork.
As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks.
The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.

Responsibilities

The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.

Maintain and enhance core Sia software

Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest.
Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release.
Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer.
A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software.
With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code.
Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire.
Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above.
As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.

Support community services

We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours.
Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.

Ensure easy acquisition and storage of siacoins

Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.)
Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion.
Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants.
Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.

Protect the ecosystem

When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary.
The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU.
In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.

Drive adoption of Sia

Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers.
In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.

Fund Management

The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months.
On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well.
The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets.
Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses.
 
Addendum: Hardfork Timeline
We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
 
Addendum: Inflation specifics
The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
 

Conclusion

We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve.
Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
submitted by lukechampine to siacoin [link] [comments]

Best crypto wallet for Australians?

Hi guys,
I'm fairly new to crypto and I usually like to do a lot of research before choosing a service or product. I just recently purchased a tiny amount of bitcoin and ethereum through Independent Reserve, but I haven't transferred it to a wallet yet.
I've been digging through some forums in the last few days and found that Coinjar and Mycelium were highly recommended. It seemed to have the best reputations for security but yesterday I saw an ad for a random company called CryptoSpend. The ad said I could pay my bills and transfecash out crypto to aud in seconds (?!) when using their wallet. There doesn't seem to be any fees either. It looks like they're pretty new themselves. I saw a few positive reviews on the play store and app store but I don't see any other reviews or testimonials on actual forums. Has anyone else tried CryptoSpend or heard of them before?
I've checked out their website and socials and they seem to be legit. But I thought crypto payments took way longer than a few seconds. Is this too good to be true?
Right now, I'm leaning towards Coinjar but if CryptoSpend's crypto to AUD conversions really are that fast, then it might be a deal breaker for me because I seriously hate waiting long. I'm eager to hear if anyone else has any input on them. Any help is greatly appreciated. Thanks in advance!
submitted by -NECRON- to CryptoCurrency [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
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. Preev is a useful site that 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 third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
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 making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
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.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

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. If you would prefer to keep it simple there are several good options. 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.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related 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 Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

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
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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.
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 BitcoinFan7 to Bitcoin [link] [comments]

A Sovereign Bitcoiner's Manifesto

Yesterday a post of mine got a good amount of attention in this, my favourite, sub. So I have decided to post it here in full...
More than mildly, it annoys us that we have the tools to be truly sovereign and yet we continue to submit our ourselves, and our bitcoin, to centralised authorities.
"Privacy is necessary for an open society in the electronic age"; yet KYC is demanded before we can trade.
"Not your keys, not your coins"; yet millions of bitcoin sit in the vaults of custodial exchanges and wallets.
For monetary liberty to be widespread it must be part of the social contract. We must come together to deploy decentralised systems that maintain Bitcoin's promise of sovereignty. These tools already exist and they are improving.

Awakening Our Inner Apex Predator

When Satoshi genetically engineered bitcoin, he spliced DNA from organisms that never survived (B-money, Hashcash, Bit gold). This gives bitcoin an incredible amount of survivability and fierceness. It makes it the apex predator of money.
Billions of dollars in cryptocurrency is traded, lent and borrowed on platforms that have self-custody and no KYC. Billions of dollars in cryptocurrency but not bitcoin. This decentralised financial system is called DeFi. Many Bitcoiners deny, ignore and attack DeFi because it is an invention, a mutation, that occurred on Ethereum. This reflexive defensiveness ignores a fundamental truth about Bitcoin: If any technology can provide value for Bitcoin, Bitcoin will simply adopt it. A nuanced view of DeFi recognises that it is composed both of valuable decentralisation but also of cancerous ponzis and evolutionary dead-ends. We will adopt DeFi where it improves Bitcoin DID (Defense-in-Depth) and cauterise the rest.

Defense-in-Depth

Bitcoin maintains its sovereignty through technological, cryptographic means. First and foremost, private keys provide the only means of control and ownership. Second, and most famously, Proof of Work defends the network against attack.
Attackers, however, are not limited to attacking the cryptography or the hashpower in order to limit our sovereignty. They route around and seek any weak links. "Trusted third parties are security holes". We increase the perimeter of defence by eliminating these trusted third parties.

Ethereum is Bitcoin’s Testnet

We will splice the DNA of DeFi into Bitcoin. We will increase Bitcoin's defense perimeter. The tools already exist. Ethereum is our testnet. Let it provide the radioactive pool where mutations are many. Let us observe it as it moves fast and breaks things. We will adopt it's best tools and learn to defend against its worst.
Rootstock, a Bitcoin sidechain, can be our CRISPR in this genetic adoption. We will splice the code from Ethereum dapps and improve upon them.

Cypherpunk Rouges

Cypherpunks write code, share code, review code and copy code. Sovereign individuals use this code. Like the X-men's Rouge, Bitcoiners will absorb the superpowers of others. I have been working on a DeFi dapp for decentralised bitcoin trading and lending. Hopefully you will join me, or better yet, compete with me.
"Those who would give up Liberty, to purchase a little temporary convenience, will have neither Liberty nor convenience." That will be our code.
Onwards.
submitted by OroroThePickpocket to Bitcoin [link] [comments]

Best crypto wallet recommendations?

Hi guys,
I'm fairly new to crypto and I usually like to do a lot of research before choosing a service or product. I just recently purchased a tiny amount of bitcoin and ethereum through Independent Reserve, but I haven't transferred it to a wallet yet.
I've been digging through some forums in the last few days and found that Coinjar and Mycelium were highly recommended. It seemed to have the best reputations for security but yesterday I saw an ad for a random company called CryptoSpend. The ad said I could pay my bills and transfecash out crypto to aud in seconds (?!) when using their wallet. There doesn't seem to be any fees either. It looks like they're pretty new themselves. I saw a few positive reviews on the play store and app store but I don't see any other reviews or testimonials on actual forums. Has anyone else tried CryptoSpend or heard of them before?
I've checked out their website and socials and they seem to be legit. But I thought crypto payments took way longer than a few seconds. Is this too good to be true?
Right now, I'm leaning towards Coinjar but if CryptoSpend's crypto to AUD conversions really are that fast, then it might be a deal breaker for me because I seriously hate waiting long. I'm eager to hear if anyone else has any input on them. Any help is greatly appreciated. Thanks in advance!
submitted by -NECRON- to BitcoinAUS [link] [comments]

MERCURYO BITCOIN CRYPTO WALLET REVIEW  INSTALLATION + APP ... Introducing the Simple to Use and Robust Bitcoin.com Wallet Commercial App - CCWallet: Your Bitcoin Wallet - YouTube How To Use Bitcoin Wallet - YouTube Paxful Mobile Wallet App Feature Walkthrough - YouTube

They recently launched their newest wallet, the Ledger Nano X. For a full review on the Ledger Nano X, check out our guide. In short, the Nano X features several lines of defense and an extremely intuitive user interface. Read Review. Trezor T. Trezor is one of the other major names in the cryptocurrency wallet space. They also came out with a new wallet recently, the Trezor Model T. Before ... Jaxx is also integrated with Shapeshift—like Exodus—so you can exchange altcoins within the app. This is pretty sweet, given that Jaxx currently supports Bitcoin, Litecoin, Zcash, RSK, Augur (REP), Dash, and Ethereum (ETC and ETH). Keep in mind that Jaxx also functions online and is inherently riskier than a hardware wallet or cold storage. Jaxx Wallet Review. Visit Jaxx's Website. Airbitz ... Today, we will be reviewing blockchain wallet app which is a famous mobile application that is used to exchange cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, etc almost instantly. With the rise in Blockchain apps, you also need to be more careful in choosing the right blockchain application development company . A crypto or Bitcoin wallet is simply an app, website, or device that manages private keys for you. Ledger Live makes it easy to send and receive Bitcoins to your Ledger Nano X. This guide will show you how to create a wallet and pick the best one. Types of Bitcoin Wallets. There are a few different types of Bitcoin wallets used today, and each of them come with their own tradeoffs between ... Best Bitcoin Wallet App. In terms of Bitcoin wallets for mobile, the best choice overall would be Mycelium. Mycelium. Check Mycelium Wallet Here. Mycelium is a mobile-only wallet that can store Bitcoin, and it is available for Android and iPhone alike. Now, one downside regarding this app is that it is a bit more complicated to use, as far as your typical mobile wallet goes. As such, it might ...

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MERCURYO BITCOIN CRYPTO WALLET REVIEW INSTALLATION + APP ...

Mercuryo wallet is a fully licensed European crypto wallet service that allows you to exchange your cryptocurrency in a few clicks. In this video, I'll revie... Today I take a look at Bitcoin.com's "Bitcoin Wallet", which is the top result in the app store newcomers are sure to stumble across. This wallet deceptively... 🔵 Join Coinbase Bitcoin Wallet + get $10 of Free Bitcoin: https://www.coinbase.com/join/5907c318879035083aa43147 In today's Coinbase review, I go over the Co... Bitcoin wallets are of the utmost importance to me; they’re a part of my daily life and enable me to participate in commerce. I recently got my hands on THE ... We’re always striving for Bitcoin.com to be the leading destination for all your bitcoin needs. This month we are thrilled to announce that our new easy-to-use bitcoin wallet is now available ...

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