Erik Voorhees on Twitter: I gotta say... maxi's today sound an awful lot like those who ignored Bitcoin in the early days. "Scam." "Ponzi." "Will never work." "Only gold can be money." I know I won't convince you that there is value, virtue, and beauty in the crypto world beyond just Bitcoin.
12-10 22:34 - 'Ok, how about a deal. Nano supporters stop being “rude and tribalist” when Bitcoin supporters stop lying about Bitcoin having no fees. / Seems to me that lying like that to mislead people is an awful lot more “rude” than...' by /u/BiggusDickus- removed from /r/Bitcoin within 34-44min
If government was uncomfortable with Bitcoin's progression/roadmap, they wouldn't be shilling it on CNBC every day. If Bitcoin was actually headed towards p2p cash, the gov't would be kicking and screaming much louder. The seas are awfully calm for an asset which is supposed to eat their lunch.
Bitcoin mentioned around Reddit: Questions for Architects or anybody who designs systems for a variety of problems. Have you ever actually had a problem and thought "Blockchain would solve this problem" when a traditional system coul /r/aws
/u/theymos: "Calling /r/Bitcoin "a totally controlled and censored sub" is completely ridiculous on its face. If we are trying to suppress discussion about the block size issue, we're doing an awfully poor job of it."
I guarantee you we will start to hear "aw, I wish I bought bitcoin at $6,000 soon" and people will forget they shit… https://t.co/0qgLX0MVHu - Crypto Insider Info - Whales's
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Speculation: Facebook/Coinbase Rumors and how awful it would be for Bitcoin
Rumors seem to be gaining steam that Facebook could be interested in buying Coinbase. My friends and I have debated for the past 24 hours what true value the acquisition could give FB in an industry still in infancy. Regardless if you've bought bitcoin or follow cryptocurrencies, I would say that it's almost certain than the void of the internet-of-money should be rapidly closing and this is very widely believed. Middlemen like Visa, PayPal, etc. are incredibly overpaid for their services by their customers and significantly compensated for the data they sell back to advertisers. My initial reaction was that it'd obviously bring FB into the space like thunder and they could realize value almost immediately by reducing FOREX/Tax exposure on their app/marketplace sales. You would also be opening a platform to nearly 2 billion people and claiming relatively high transaction fees for the retail investors it would likely attract (speculators paying $1.49 for buying a small $25 "investment" in bitcoin). That would deliver some nice revenue for FB, but I don't think it's there play with the acquisition. For the purposes of this argument we can assume that should FB enter the cryptocurrency space, it would undoubtably wield a lot of power and resources to both convince advertisers and merchants on the future potential of the technology. It's important to point out that nearly all Coinbase accounts are not true bitcoin wallets. Coinbase is a custodian, just like a bank, and you don't own access to the private keys (in almost every case). It's also likely that retail adopters do not posses the level of aptitude to ever full understand the benefits that Bitcoin's cryptography provides (hence the popularity of Coinbase) and are likely fine with not controlling their private key. If Facebook were to buy Coinbase, they'd have granular level data into all historical purchases their users have ever made. Certainly, they already have a lot of this high level data through use of tokens, cookies, apis, etc. But they don't have this level of granularity. How could they become successful at this? Simple, by eating Tx fees. This provides obvious benefit to the merchant because they're no longer shilling out 2-5% on Visa, Square, etc. FB would recoup their fee exposure by selling profiles built from your consumption trends. This of course would be bittersweet. People who maintain their own wallets and private keys would still maintain some level of anonymity, but such a move would be tremendously detrimental to the value in which Bitcoin was founded. I realize this was long winded, but hoped to stimulate some dialog. TL; DR: Facebook buying Coinbase would allow them to build profiles on everything their users have ever purchased.
[uncensored-r/CryptoCurrency] Want a zero risk chance every single hour to win $100-$200 in bitcoin and you will always walk aw...
The following post by CryptoHog is being replicated because the post has been silently removed and some comments within it have been openly removed. The original post can be found(in censored form) at this link: np.reddit.com/ CryptoCurrency/comments/7w7dyb The original post's content was as follows:
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