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July 19, 2016

PSA and Reminder to new bitcoiners: I have always heard “bitcoins kept in an exchange are not really your coins”. I didn’t really appreciate it until trying to load my wallet for the first time from an exchange account.


PSA and Reminder to new bitcoiners: I have always heard “bitcoins kept in an exchange are not really your coins”. I didn’t really appreciate it until trying to load my wallet for the first time from an exchange account.

I've heard other posts on /r/bitcoin regarding the dangers of leaving bitcoin in any exchange longterm, and that "bitcoins aren't really in your control unless it's in a wallet you control, verified on the blockchain". This didn't really make an impact on me until I created my first wallet (I used Breadwallet), and was excited to start loading it with my bitcoins I had sitting Bitfinex for the past 5 months.

I started with a $100 test. Nothing dramatic happened; however, I didn't fully appreciate two things until after this process:

  1. That there is a 1-12 hour "processing" delay before your withdrawal is even submitted to the blockchain.

  2. Your withdrawal is subject to Bitfinex verifying that they have enough coins in their hot wallet to satisfy your withdrawal request.

Neither of these are big deals, but I ended up waiting 8 hours for my withdrawal of ~$100. This experience definitely made it much clearer to me how far out of my control these bitcoins actually were. It was a little startling to realize that I controlled zero bitcoins. The possibility of a "run" on an exchange also seemed much more realistic. This isn't a dramatic revelation to many of you, but many newbies still don't appreciate controlling your own coins.

Submitted July 20, 2016 at 04:58AM by GabeNewell_
via reddit http://bit.ly/2a9e1dw

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blockchain.info Wallet Issue


blockchain.info Wallet Issue

I am able to log in to my wallet on blockchain.info but it deson't show my balance and will not let me send to any address.

Is anyone else having this issue?

Submitted July 20, 2016 at 05:03AM by eShooKy
via reddit http://bit.ly/29SQo34

The Central Bankers’ Bold New Idea: Print Bitcoins – WSJ


The Central Bankers’ Bold New Idea: Print Bitcoins – WSJ
http://on.wsj.com/2a85F5L

Submitted July 19, 2016 at 10:59PM by IamAlso_u_grahvity
via reddit http://bit.ly/2a6gtOW

How is this for a Bitcoin ad?


How is this for a Bitcoin ad?
https://youtu.be/QhxOVCmeudU

Submitted July 20, 2016 at 01:33AM by tothemoonsands
via reddit http://bit.ly/29ROSV5

Idea for stopping the OneCoin scam


Idea for stopping the OneCoin scam

Since it is a ponzi, if there is no fuel, it will die.
Their fuels are their facebook pages with hundreds of thousands of likes and for some reason good reviews.

I have reported smaller Bitcoin scams before and Facebook went so far it removed not only the scam, but even the profiles of the scammers. I am not sure if it works on such a large scale as with OneCoin, but I hope if they get many reports it will.

Here is how you can do it:
1. Search for "onecoin"
2. Choose "Pages" tab
3. Here you will see countless OneCoin scam pages with huge number of followers, so click on as many as patience you have and go to the next step:
4. Click on the 3 dots (…), next to the "Message" and "Report page"
5. Here you have to choose: "I think it shouldn't be on Facebook" (If you choose anything else it won't report to their support.)
6. Choose: "It describes buying or selling drugs, guns or adult products" (Does not fit well, but they will know what to do with it.)
7. Finally: "Submit to Facebook for Review"

I hope my idea works…

Submitted July 20, 2016 at 02:47AM by nopara73
via reddit http://bit.ly/2a8X6Yr

Here’s Rootstock’s Spin on the Bitcoin Sidechains Concept


Here’s Rootstock’s Spin on the Bitcoin Sidechains Concept
http://bit.ly/29QH71t

Submitted July 19, 2016 at 04:16PM by olivercarding
via reddit http://bit.ly/29QFTPL

8.3K People Are Using IFTTT to Track Bitcoin Price


8.3K People Are Using IFTTT to Track Bitcoin Price
http://bit.ly/2a8QoSl

Submitted July 20, 2016 at 03:14AM by HK_frank
via reddit http://bit.ly/2a6X8xf

New video with live presentation/traning of OneCoin scam from a “top affiliate”. What complete BS, we have to stop OneCoin before more people get scammed.


New video with live presentation/traning of OneCoin scam from a “top affiliate”. What complete BS, we have to stop OneCoin before more people get scammed.
http://bit.ly/29MhPvG.

Submitted July 19, 2016 at 11:30PM by bitn000b
via reddit http://bit.ly/2a5RigM

How is this for a Bitcoin ad?


How is this for a Bitcoin ad?
https://youtu.be/QhxOVCmeudU

Submitted July 20, 2016 at 01:33AM by tothemoonsands
via reddit http://bit.ly/29ROSV5

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