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Democratic People's Republic of Bitcoin Cash

features information curated by working peoples dedicated to the study and advancement of the Bitcoin Cash idea.
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Crypto Arbitrage : Altcoin Aribtrage for Small Traders

Arbitrage (as it pertains to crypto) is the process of buying low on one exchange and selling high on another. I started /cryptoarbitrage to announce arbitrage opportunities as I find them.
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Bitcoin Faucets and Free Bitcoins

Post your favorite Bitcoin Faucets and discuss how much you've earned. Discuss any methods of earning Bitcoin. Links are welcome.
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21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade.

If each Satoshi was worth 1 cent of USD. That means 7 Billion people could concurrently own $3000 of Bitcoin all at once.
submitted by SpaceDuckTech to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] 21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number...

The following post by SpaceDuckTech is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/74512a
The original post's content was as follows:
If each Satoshi was worth 1 cent of USD. That means 7 Billion people could concurrently own $3000 of Bitcoin all at once.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade. /r/Bitcoin

21,000,000(number of Bitcoins) x 100,000,000(Number of satoshi's per Bitcoin) is the total number of units. That means there are 2,100,000,000,000,000 units of trade. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Does sat/b mean satoshi per bitcoin or per byte? /r/Bitcoin

Does sat/b mean satoshi per bitcoin or per byte? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

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what would you change in bitcoin if you would start it now (back in time, 2007, before BTC exists)

It’s 2007, bitcoin doesn’t exist yet.
You meet a time traveler who tells you about Bitcoin’s future success, and hands you a copy of the latest release.
You decide to release it before Satoshi. Do you change anything first? Supply cap? Premine? Some implementation detail?
Not my question, just saw it in twitter of UdiWertheimer
https://twitter.com/udiWertheimestatus/1157346955661647872

Here is what I would do
- Add some security features
- Change block size with block number by moore's law - related to the hard drive space availability and the network speed.
- Flexibility for adding smart contracts so elder version nodes would not block the newer transactions
- Flexibility for better L2 solutions
- more satoshis per bitcoin, probably 16 zeros instead of 8, for micropayments and possible additional exponential increase of BTC price
- Flexibility for oracles
- built-in SPV/neutrino for smaller nodes
- Patent it to avoid forks, although CIA wanted to arrest/stop Satoshi's successors, so the patent idea could fail
submitted by vakashic to Bitcoin [link] [comments]

BetFury.io - Bitcoin faucet, 25 satoshi every 20 minutes, up to 1800 per day + BFG staking with daily dividends

BetFury is an online gambling site with a bitcoin faucet where you can claim 25 satoshi every 20 minutes, up to 1800 per day. The minimum amount for withdrawal is 5000, so in 1-2 weeks you can withdraw.
Additionally, you can play the games to farm BFG tokens. BetFury pays you dividends in BTC, TRX, BTT and USDT to all users who have tokens. You can play for free, with the free satoshis from the faucet, and accumulate tokens.
For example, I've been using this faucet for 2 weeks and I have 40 tokens. That means I get 34 satoshi from dividends for free every day without needing to do anything.
Try the faucet here: https://betfury.io/?r=5f7228a118192a57e3dae567 (or use this non-ref link)
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Highest paying bitcoin faucet I've found. Up to 1800 satoshis per day.

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Highest paying bitcoin faucet I've found. Up to 1800 satoshis per day.

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Highest paying bitcoin faucet I've seen. Up to 1800 satoshis per day.

Bet Fury currently have a really good bitcoin faucet available. You can claim 25 satoshis every 20 minutes, up to 1800 per day.
They also offer some really nice staking dividends if you're interested in that. Highly recommend checking it out.
Link: https://betfury.io/boxes/?r=5f488453b6cd6050dd35271e
submitted by plantsnlionstho to CryptoAirdrop [link] [comments]

"The mass majority of people scrambled to purchase whatever Bitcoin they could, and as a result, the price of Bitcoin soared from $100,000 to $2,000,000 dollars per coin, before the fiat peg was finally broken. Liquidity dried up and nobody would sell a single satoshi. Fiat collapsed into oblivion."

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The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, *that* AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.

TL;DR:
Just scroll down to page 5 of the PDF and check out the graph:
http://www.actuaries.org.hk/upload/File/ET210513.pdf
In 2013, AXA had $464 billion in exposure to derivatives, representing more than 50% of their balance sheet - more (in absolute and percentage terms) than any other insurer.
My theory: AXA knows that Bitcoin is real money, and real money will destroy AXA's balance sheet - which is based on the "fantasy accounting" of derivatives. So AXA wants to control Bitcoin development (by buying out the Core/Blockstream devs), and artificially suppress the blocksize, to artificially suppress the Bitcoin price.
My question: Do you want Bitcoin development being funded by a financial institution like AXA which would literally become bankrupt overnight if the worldwide derivatives casino lost a miniscule fraction of its so-called "value"?
Personally, I can think of no greater conflict of interest than this. This is the mother of all smoking guns of conflicts of interest. Derivatives are 1.2 quadrillion dollars of fake money circulating in a fraudulent system of fantasy accounting - and bitcoin is 2.1 quadrillion satoshis of real money circulating on the world's first unfake-able global ledger. They are polar opposites.
AXA's so-called "value" would collapse overnight if the fakery and fantasy of the worldwide derivatives casino were to finally be exposed. AXA is the last organization which should have any involvement whatsoever with Bitcoin's development - and yet, here we are today: AXA is paying the salary of guys like Greg Maxwell and Adam Back.
Details/Background:
What are derivatives?
Derivatives are the $1.2 quadrillion ($1200 trillion) "time bomb" of bets using fake, debt-backed fiat money that's about to explode and destroy the world's financial system:
http://www.dailyfinance.com/2010/06/09/risk-quadrillion-derivatives-market-gdp/
https://duckduckgo.com/?q=derivatives+time+bomb&ia=web
Derivatives are like a giant blood-sucking "tick" (representing 1200 trillion dollars in "notional" value, ie the total value of all the bets, without offsetting) on the back of a "dog" representing the world's "real" economy (representing mere tens of trillions of dollars):
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html
https://duckduckgo.com/?q=derivatives+dwarf+economy&ia=web
Derivatives were the root cause of the financial crisis that already almost destroyed the world's debt-based fiat financial system in 2008:
http://www.forbes.com/sites/stevedenning/2013/01/08/five-years-after-the-financial-meltdown-the-water-is-still-full-of-big-sharks/#43930ad45474
http://www.businessinsider.com/bubble-derivatives-otc-2010-5?op=1&IR=T
https://en.wikipedia.org/wiki/Causes_of_the_Great_Recession
https://duckduckgo.com/?q=derivatives+financial+crisis+2008&ia=web
Derivatives are that giant blob of fake, debt-backed fiat "money" shown at the bottom of the graph shown below (where the top of the of the graph shows that tiny speck of real money, bitcoin):
https://np.reddit.com/Bitcoin/comments/3xpecf/all_of_the_worlds_money_in_one_chart/
http://www.businessinsider.com/all-of-worlds-money-in-one-chart-2015-12
Derivatives are are also the fake, debt-backed "money" which already brought down another giant insurance group (AIG, not to be confused with AXA), in the financial crisis of 2008, which you're probably still bailing out personally with your tax dollars and your country's "austerity":
https://web.archive.org/web/20150730232015/http://www.thenation.com/article/aig-bailout-scandal
https://duckduckgo.com/?q=aig+derivatives+scandal
And finally:
Derivatives are also the fake, debt-backed "money" which makes up over 50% ($464 billion) of the balance sheet of insurance giant AXA - which has more derivatives exposure than any other insurance company, both in percentage and absolute terms (2013 figures - scroll down to page 5 of the PDF to see the graph):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
https://web.archive.org/web/20160519091543/http://www.actuaries.org.hk/upload/File/ET210513.pdf
Yeah, AXA.
The same company...
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
https://www.axa.com/en/newsroom/news/axa-strategic-ventures-blockchain
https://duckduckgo.com/?q=axa+strategic+investments+bitcoin&ia=web
Every time I mention how AXA is in charge of Blockstream's payroll, a few "random" people come out of the woodwork on these threads trying to dismissively claim (while presenting absolutely no arguments or evidence) that it is a mere irrelevant "coincidence" that AXA's venture capital subsidiary is funding Core/Blockstream.
But there are very few coincidences in the world of high finance.
And meanwhile, here are a few things we do know:
  • Henri de Castries is not only the the CEO of insurance giant AXA (he's actually stepping down later this year) - he's also the chairman of the Bilderberg Group - the secretive group which includes most of the major players in the current global debt-backed financial system:
https://duckduckgo.com/?q=henri+de+castries+bilderberg&ia=web
https://duckduckgo.com/?q=henri+de+castries+axa&ia=web
  • AXA Strategic Ventures (the venture capital arm of insurance giant AXA) was behind the second, $55 million round of investment in Blockstream:
https://duckduckgo.com/?q=%22axa+strategic+ventures%22+bitcoin&ia=web
https://np.reddit.com/Bitcoin+bitcoinxt+bitcoin_uncensored+btc+bitcoin_classic/search?q=bilderberg+group&restrict_sr=on
  • As of 2013, AXA already had $464 billion in derivatives exposure - over 50% of its balance sheet - far more than any other insurance company (both in $ and in % terms):
http://www.actuaries.org.hk/upload/File/ET210513.pdf
  • Many if not most major financial institutions would actually be considered insolvent now, if their so-called assets and liabilities were honestly valued (ie, "marked to market):
http://www.forbes.com/sites/robertlenzne2014/10/03/everything-you-didnt-know-about-the-federal-reserve-board/#45c36aa03f25
  • Bitcoin, by having no counterparty risk, threatens to expose this whole fraudulent casino of fantasy accounting on the part of major financial institutions - which is probably why companies like AXA want to control Bitcoin development - so they can artificially suppress the blocksize, and artificially suppress the the bitcoin price.
My guess:
The 2.1 quadrillion satoshis (21 million bitcoins x 100 million satoshis per bitcoin) of real money starting to circulate on the Bitcoin network threaten to expose the fact that the 1.2 quadrillion dollars of fantasy fiat circulating in the worldwide derivatives casino are actually worthless.
And this is probably the real reason why AXA - the insurance company with the largest derivatives exposure - is trying to control Blockstream, in order to control Bitcoin development, and suppress Bitcoin price.
submitted by ydtm to btc [link] [comments]

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