April 5, 1933 Roosevelt banned the hoarding of gold coin, bullion, and certificates. Another example as to why Bitcoin is a superior store of value.
Submitted May 14, 2017 at 04:34AM by M0n0poly
via reddit http://bit.ly/2qefOUq
To be fair, none of the UK news outlets are blaming Bitcoin
I'm picking up on a sentiment that mainstream news is blaming Bitcoin for the ransomware. Obviously I can't pledge for all of the UKs mainstream news, but I have spent the past day reviewing different outlets and non are blaming Bitcoin. In fact they all seemed to pick up the NSA connection quickly and not really discuss Bitcoin at all. Is it being reported differently outside of the UK?
Edit: After reading the responses of others, can we assume this is an example of Bitcoin mass acceptance, the step before mass adoption?
Submitted May 14, 2017 at 12:25AM by genieforge
via reddit http://bit.ly/2qgPYgx
Antminer s9 or l3+
Thinking of picking one up soon. The l3+ appears to be more profitable with calculators, but I assume it will decrease quickly soon as people get them.
I won't be able to place the order until about ~1 month from now. Which would be the better option overall? Leaning towards the l3.
Submitted May 14, 2017 at 06:11AM by sillibird
via reddit http://bit.ly/2pwBg86
Thank you Core devs!
There are sometimes negative posts/comments about Core developers, so I want to say something positive now.
Today I decided to enable pruning on my laptop. (Don't worry, I have full chain on my node. ;)) What I expected was Core scanning the Blockchain, analyzing and throwing away old data. I expected this to take long time.
The moment it showed GUI, I looked at the size. It was about 20G (I set prune=10240). I was greatly amazed how fast it was. This is really awesome!
Thank you Core developers for your hard work and for very efficient design! You've made my day.
BTW, if anyone would like to explain it why it's so fast, I'd be interested to know it!
Submitted May 14, 2017 at 03:27AM by kixunil
via reddit http://bit.ly/2qdYf7a
“Why I sold half my bitcoin” post follow up.
Two months ago I posted a thread about selling half my bitcoin. That post got a lot of responses at the time, both positive and negative. Since I sold my bitcoin, the price has gone up over 50%; which is quite remarkable and something I certainly wouldn't have predicted.
Today someone asked me a follow up question, effectively, 'how do I feel about my decision today'. I thought I would share my reply because I hope some people might find the advice useful. If you don't find it useful, that's just fine, but I think anyone sitting on bitcoin worth hundreds of thousands of dollars, or even millions of dollars, is probably facing similar thoughts and concerns as well. Basically whether or not to take profit, when to do so, and how to deal with regret of 'missing out'.
do you regret the volume that you sold?
In some sense, sure, yeah. I mean how can you not 'regret' missing out on making tens of thousands of dollars more money if you had just waited a couple of months?
However…look at the time when I made this decision. The ETF had been denied. There was an active BU HF attack (and that threat still exists today). The price had crashed substantially. There was just an enormous amount of uncertainty in the market. I'm not sure who could have predicted this current runup in the price, I certainly wouldn't have predicted it, and I still don't understand why it's happening.
That said, this is true of any asset you sell and take profit on. Sure, it 'could' have gone up. It also 'could' have just as easily gone down.
What didn't change is what I did with the money, and I'm very happy with that outcome.
My selling about half of my bitcoin resulted in the following.
In this respect, I would still recommend the same to others. If selling some of your bitcoin, and taking some big profit, can affect a major change in your life, I recommend it. I don't ever recommend selling all of your bitcoin to anyone, but selling some, once it has become worth 'too much to lose', doesn't seem irrational to me.
As I said, if you change your mind later, it's still available for sale.
Submitted May 13, 2017 at 04:52AM by jratcliff63367
via reddit http://bit.ly/2rdSc0D