coinkite Live Bitcoin News

Coinkite (Unofficial)

/Coinkite is not an official support channel. Coinkite web services closed in 2016. Visit https://coinkite.com for more information.
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Bitcoin Canadian Subreddit

Let's talk about Bitcoin in Canada
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Litecoin news and discussion

This subreddit exists to openly discuss [Litecoin](https://litecoin.org). Read the [comparison](http://litecoin.info/Comparison_between_Litecoin_and_Bitcoin) between Litecoin and Bitcoin.
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Video: Coinkite and Bitcoin ATM on Global News

Video: Coinkite and Bitcoin ATM on Global News submitted by rnvk to Bitcoin [link] [comments]

4/22/14 Video News - Bitcoin Political Donations, CoinKite Mini ATMs, MEVU Bracelet & A Bitcoin Gas Pump

Video: http://www.moneyandtech.com/apr22-news-update/
Catch up with today's top news in Money & Tech:
The FEC is hold a hearing to consider a request from non-partisan political action committee Make Your Laws, which has asked for clarity around political donations with bitcoin. The FEC has already drafted two possible responses. One would limit bitcoin donations and prohibit any expenditures in the digital currency, and the other would limit neither. The FEC's final decision is expected by May 5th.
The Libertarian Party's 2016 Presidential candidate Darryl W. Perry has announced that he is now accepting campaign contributions solely in bitcoin, litecoin, gold, silver and copper. This comes as no surprise given his party and campaign platform to abolish legal tender laws, repeal the monopoly granted to the federal reserve and allow for competing currencies to be circulated. Perry joins a short but growing list of politicians now accepting bitcoin for campaign donations, including Congressman Steve Stockman and Texas Attorney General Greg Abbott.
Canada-based CoinKite announced Monday that consumers can now begin buying and selling bitcoin and litecoin with CoinKite terminals, which were launched last Fall to help merchants easily accept bitcoin payments from customers. The terminals now have both a retail and an exchange mode, the latter allowing it to operate like a mini ATM. In-person exchange methods like these terminals could be the key to furthering adoption of digital currencies.
With demand for transparency in bitcoin company operations growing rapidly, Bitcoin exchange Vault of Satoshi today announced the first ever full public proof-of-solvency service for its customers, which it says is “not just an audit” but can provide full cryptographic proof that it holds all the bitcoins it claims to have in reserve. Now registered users can self-validate both their balance and the exchange's overall reserves by selecting ‘BTC Proof of Solvency’ in the company’s online Security Center.
Wearable technology startup MEVU has created a prototype for the first wearable bitcoin wallet, that lets users make payments and with just a flick of the wrist. The MEVU bracelet registers the wearer's movements to confirm small transactions with a nearby point-of-sale device using Bluetooth Low Energy and Coinbase's wallet API. Current point-of-sale technology is based on iOS, which has been notoriously anti-bitcoin wallet, so the MEVU team is hard at work developing a version for Android as well. The MEVU bracelet will be available for pre-order within a month.
Thermo dynamics researcher and Bitcoin enthusiast Andy Schroder has just created the world’s first commercial-ready Bitcoin fuel pump. The pump features a digital display with the current market-rate for fuel, as well as a wallet address and QR code where users can deposit bitcoin. Schroder has several more improvements planned, including Biodiesel compatibility and built-in Wi-Fi access. But he feels this version is ready for testing, and is “one step towards anchoring the purchasing power of Bitcoin to a range of physical commodities that are consumed by society regularly.”
The hackathon grand prize at the recent Toronto Bitcoin Expo was awarded to the team behind DarkMarket, an innovative peer-to-peer market that can be joined by anyone, complete with identity and reputation rankings, multi-sig escrow, and privacy features. The developers were very clear that this decentralized peer-to-peer marketplace is not intended as a black market for illicit goods, but rather as a free market where the state cannot “see and thereby control trade, but applies equally to trade over which the state asserts no control.”
submitted by moneyandtech to BitcoinMarkets [link] [comments]

4/22/14 Video News - Bitcoin Political Donations, CoinKite Mini ATMs, MEVU Bracelet & A Bitcoin Gas Pump

submitted by moneyandtech to Bitcoin [link] [comments]

World Crypto Network - Unboxing of the NEW Coinkite ColdCard Bitcoin Hardware Wallet

World Crypto Network - Unboxing of the NEW Coinkite ColdCard Bitcoin Hardware Wallet submitted by Yanlii to cryptovideos [link] [comments]

New Features: Send Bitcoin/Litecoin by e-Mail or Create and Share Vouchers! Yes Vouchers! (Coinkite)

New Features: Send Bitcoin/Litecoin by e-Mail or Create and Share Vouchers! Yes Vouchers! (Coinkite) submitted by rnvk to Bitcoin [link] [comments]

Coinkite's new API allows start-ups to send bitcoin payments to 1,000 addresses simultaneously and choose miner’s fee

Coinkite's new API allows start-ups to send bitcoin payments to 1,000 addresses simultaneously and choose miner’s fee submitted by xbtle to Bitcoin [link] [comments]

"Dentist accepting bitcoin." ZOMG, no way! This is incredible news! (Coinkite unnatural upvotes.)

It is ridiculous how any post having to do with Coinkite flies onto the front page as if the president of the world just declared Bitcoin legal tender.
"Dentist accepting bitcoin" gets 63 upvotes in 2 hours, and is (statistically) more important than "House Panel on BTC for Small Businesses today" or "Congresswoman Velázquez: Small Businesses “Recognizing The Promise of Accepting Bitcoins”?
Give me a break. Nothing wrong with Coinkite, but the way their even mundane blog posts get Gold Star treatment sets off my bullshit detector to red alert.
Also interesting how their double post last week magically had massive upvotes on one post, and no activity on the other.
submitted by coinkitequestion to Bitcoin [link] [comments]

someone should tell Coinkite that /r/bitcoin doesn't allow new user posts to show, so trying to spam with new user accounts isn't going to work anymore

reddit user for 23 hours (now) btc9021 but at the time of the post was a user for less than hour one hour with 1 link karma and zero comment karma, posted to /bitcoin asking how to setup an offline key for Coinkite.
coinkite spammer extraordinaire ceo rodolfo novak using his superhero powers was able to respond to the post, making sure to plug his wallet coinkite! good work rodolfo!
but oh wait, nobody told coinkite that due to the heavy censorship in /bitcoin, they are no longer allowing new users and/or users with low karma to even post! posts are immediately removed and don't even show up. which means......... yes, you guessed it!!!!!!!!!! RODOLFO staged the whole post to plug coinkite!!!!!!!!!!
coinkite caught scamming again and again!
submitted by Obvthrowaway9999 to bitcoin_uncensored [link] [comments]

New Features: Send Bitcoin/Litecoin by e-Mail or Create and Share Vouchers! Yes Vouchers! (Coinkite) [xpost]

New Features: Send Bitcoin/Litecoin by e-Mail or Create and Share Vouchers! Yes Vouchers! (Coinkite) [xpost] submitted by rnvk to litecoin [link] [comments]

Coinkite's new API allows start-ups to send bitcoin payments to 1,000 addresses simultaneously and choose miners fee

Coinkite's new API allows start-ups to send bitcoin payments to 1,000 addresses simultaneously and choose miners fee submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Coinkite added new private e-commerce bitcoin payment buttons

Coinkite added new private e-commerce bitcoin payment buttons submitted by greenpo to CryptoCurrency [link] [comments]

someone should tell Coinkite that /r/bitcoin doesn't allow new user posts to show, so trying to spam with new user accounts isn't going to work anymore /r/bitcoin_uncensored

someone should tell Coinkite that /bitcoin doesn't allow new user posts to show, so trying to spam with new user accounts isn't going to work anymore /bitcoin_uncensored submitted by BitcoinAllBot to BitcoinAll [link] [comments]

FAQ for Beginners

What is Bitcoin?

Bitcoin is scarce, decentralized, and global digital money that cannot be censored.

Quick Advice

  • Do not respond to strangers messaging you with investment advice or offers and read how to avoid being scammed from the posts below.
  • Do not invest in Bitcoin until you do basic research, paid off all high interest debt, and have a emergency savings account of a stable fiat currency.
  • If investing do not expect to get rich quickly. You should expect to wait at least 1-2 years before taking profits. Bitcoin is currently very volatile. In the interim spend and replace Bitcoin because its a useful currency.
  • Beginners should avoid all mining and day trading until at least very familiar with Bitcoin. Mining is very professional(You cannot efficiently mine with your computer and need to buy special ASIC machines) and most people lose money day trading.
  • Never store your Bitcoins on an exchange or web wallet. Buy your bitcoins and withdraw it to your personal wallet where you actually own them instead of IOUs. Services like Robinhood and Revoult should be avoided because you cannot withdraw or use Bitcoin.
  • Make sure you make a backup of your wallet(software holding keys to your BTC) and preferably keep it offline and physical and private. Typically 12 to 24 words you write down on paper or metal. This onetime backup will restore all your keys, addresses , and Bitcoins on a new wallet if you lose your old wallet.
  • Beginners should avoid altcoins, tokens, and ICOs at least initially until they learn about Bitcoin. Most of these are scams and you should be familiar with the basics first. Bitcoin is referred to as BTC or XBT.

Exchanges Requiring ID Verification

Bitcoin = BTC or XBT on exchanges
Exchange Buy fee* Withdraw BTC Notes
Cash App Sliding ~2.2% to 1% 0 BTC Instant Withdraw, USA only
Coinbase Debit3.99% ACH1.49% 1-4USD ~7Day hold BTC withdraw
CoinbasePro 0.5% 1-4USD ~7Day hold free ACH Deposit or €0.15 EUR SEPA fee
Gemini 1.49% to 0.25%ATrader 0 BTC 10 free BTC withdraws w/ActiveTrader
Kraken 0.16% 0.0005 BTC Deposit Fiat=USwire+5USD or SEPA free
Bitstamp 0.50% 0.0005 BTC Deposit Fiat=0 SEPA or 5% card fee
Note: Exchanges all have unique market prices and spreads so fees alone will not tell you the best rates. Best way is to directly compare the rates between exchanges. Buy fees above are for normal trading volumes. Verification and hold times can vary based upon lack of history, verification level or credit.
More exchanges per location
For a secure Decentralized Exchange (DEX) use https://bisq.network

Recommended Wallets

Best wallets for securing small amounts of BTC
electrum For Desktop and Android
Pros= Great Desktop and Android wallet with advanced functionality like coin control
Cons= UX is not as polished as some other wallets, make sure you only upgrade from official sources like play store or https://electrum.org as malicious servers or adverts can tell you to upgrade malware from other sites
https://www.youtube.com/watch?v=E4EhZg5QslI
Phoenix LN wallets for Android
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees. Easiest lightning wallet to use
Cons- Lightning is still somewhat experimental and less merchants accept it.
https://phoenix.acinq.co/
https://www.youtube.com/watch?v=Cx5PK1H5OR0
Breez LN wallet for Android and IOS
https://breez.technology
https://www.youtube.com/watch?v=t_4b-y4T8bY
Pros- Lightning network integration(as well as onchain) allowing you to spend with LN merchants for instant confirmations and much lower fees
Cons- Lightning is still somewhat experimental and less merchants accept it.
Other Lightning wallets - http://lightningnetworkstores.com/wallets
Blockstream Green Wallet IOS and android wallet
Pros- Great UX, easy hardware wallet and full node integration, RBF, HW wallet support and advanced 2fa options Cons- Until single signature is released 2 of 2 multisig means that one must depend upon blockstream’s server for tx signing. Other light wallets are dependent upon other servers as well but light wallets like electrum allow you to swap servers.
https://www.youtube.com/watch?v=uO3Zi9D5b0Y
https://blockstream.com/green/
Securing Larger amounts of Bitcoin
ledger nano S wallet = ~68 USD https://shop.ledger.com/products/ledger-nano-s
https://www.youtube.com/watch?v=YI1OntWB7wc
https://www.youtube.com/watch?v=AGe2GgfkO64
trezor one wallet = ~54 USD https://shop.trezor.io
https://www.youtube.com/watch?v=pT1j_kbZBEo
Trezor Model T = ~164 USD https://shop.trezor.io
https://www.youtube.com/watch?v=i3BIo5Ac_n4
Cold Card Hardware wallet = 119.97 USD https://store.coinkite.com/store/coldcard
https://www.youtube.com/watch?v=kocEpndQcsg
https://www.youtube.com/watch?v=f8dBNrlwJ0k
Digital Bitbox 02 = 109 USD https://shiftcrypto.ch/bitbox02/
https://www.youtube.com/watch?v=tdP_7LgZw7s
https://www.youtube.com/watch?v=z7nRq2OEhiw
https://www.youtube.com/watch?v=6D4FgJo3j64
Best Advanced Bitcoin Wallet= Bitcoin Core
Pros= Great privacy and security
Cons= UX is for more experienced users, takes ~week to sync and requires ~5GB minimum disk space if prunned
https://bitcoincore.org/en/download/
Best High Privacy Bitcoin Wallet = Wasabi
Pros= Best Privacy with Chaumian CoinJoin built in
Cons= mixing coins costs more fees and for more advanced users
https://www.wasabiwallet.io/#download
https://www.youtube.com/watch?v=ECQHAzSckK0
https://www.youtube.com/watch?v=zPKpC9cRcZo&list=PLmoQ11MXEmahCG1nkbKK6DiAwVx9giJCi
https://www.youtube.com/watch?v=y8wQK-Ndl3Q&list=PLPj3KCksGbSaEmjU0sywoTYDVYYSu8LsS

Further Resources

https://www.lopp.net/bitcoin-information.html
https://www.lopp.net/lightning-information.html
https://10hoursofbitcoin.com/
http://bitcoinrabbithole.org/
https://bitcoin-resources.com
https://www.bitcoin101.club
https://21lessons.com
submitted by bitusher to BitcoinBeginners [link] [comments]

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry
Over the past decade, the crypto-industry has proven to be a unique industry with a specific audience, which requires a no less specific approach. In this regard, in 2020, the advertising activity of crypto companies is significantly different from that to which banks and various financial companies resort. Industry leaders prefer not to rely on traditional online advertising on Facebook, Instagram and YouTube. They follow a different path: they work with bloggers (opinion leaders and influencers), rely on MLM marketing referral programs and actively organize various contests and sweepstakes with generous prize pools. The CoinDesk portal claims that crypto marketing this year is strikingly reminiscent of marketing in the beauty industry, and here it is no less effective.

General concept

Michelle Fan, a blogger with a million YouTube subscribers, is using the same techniques to spread skin care life hacks and the idea of financial freedom through bitcoins. Moreover, she assures that the leaders of the crypto industry, like her, use marketing schemes from the beauty industry, even if they themselves do not know about it.
Both areas prefer to use the DTC (Direct to Customer) business scheme, independently creating and then promoting and selling goods / services, working as closely as possible with the community. Sales are built through aggregated retail platforms like Amazon, Etsy and Shopify, or even through accounts in popular social networks.
Industry leaders in developing countries often resort to the latter option, where large sites like Amazon simply don’t work or aren’t popular. For example, Michelle Haber, a bitcoin maximalist from Libya, made it clear in CoinDesk’s comment that social networks and chats are today the most effective way to distribute goods / services in crypto topics. He said that local traders in order to “educate” the audience help buy hardware wallets, selling them through groups on social networks. Buying yourself Trezor or Ledger in another way is often simply impossible.

Work with opinion leaders

Michelle Fan is not the only person from the crypto-community who notices the similarities with the beauty industry. So, Maria Paula Fernandez, who actively uses the services of the DeFi sector and is seriously interested in the topic of skin care, gave the CoinDesk portal a similar comment.
She notes that in both cases, society has become accustomed to relying on the opinion of society itself, rather than trusting the views of the world’s leading media. Therefore, in both sectors, the so-called influencers are very popular — opinion leaders and bloggers who disseminate information among their audience on YouTube, Instagram, TikTok and other social networks, receiving a reward for this.
Crypto-companies very often, like firms from the beauty industry, provide their products to opinion leaders for review and further “instruction” of their subscribers. Maria Paula Fernandez does not see anything shameful in this. Observing the experience of bloggers, subscribers begin to acquire a kind of crypto-education and disseminate the information through the word of mouth. Thus, the crypto-community grows.
The most successful bloggers over time can count on sponsorship from one or another crypto company.
For example, the podcaster Marty Bent, whose show is now funded by Unchained Capital and Square, the developer of Cash App, witnessed this scenario. The latter, by the way, in addition to Bent sponsor also podcast Joe Rogan and rapper Lil B.
Many other large companies, including the Kraken exchange, have resorted to this strategy. They are just as interested in sponsoring reputable content creators who promote products among loyal subscribers. The U.S. exchange sponsors the Reckless VR crypto start-up, founded by Udi Wertheimer for crypto-conferences in virtual reality, and the famous podcast Peter McCormack, who launched his own media brand Defiance last year. Having started his career as a hobby, McCormack turned it into a business of his life, thanks to which he earned about $1 million for 2019.
With all this, working with bloggers is a great opportunity to enter foreign markets. This is understood at Crypto.com, where they use opinion leaders to attract the Russian-speaking and Turkish-speaking community. Does this approach give a result? Judge for yourself: over the past six months, the number of startup users has doubled and currently stands at more than 2 million people.

Referral Bonuses and MLM Marketing

The development of products within the community often turns into MLM marketing strategies, which require the presence of referral bonuses and bonuses “in depth” — favorite schemes of cosmetic brands. They use a multi-level reward system for attracting partners, where you can usually get a bonus not only for personally invited, but also for “friends of friends and their friends”. Thus, opinion leaders who distribute crypto products often receive a portion of the funds that people invited by them will pay for the product / service.
The relevance and effectiveness of the trend is confirmed by the fact that these methods are not shy to use not only crypto start-ups, but also top cryptocurrency companies, widely known throughout the industry. A prime example is SatoshiLabs, a company that manufactures and distributes Trezor wallets. The head of communications, Iva Fizerova, confirmed that she is actively resorting to “affiliate marketing” with bloggers as an alternative to paying them for direct advertising.
No less vivid examples are the largest crypto exchanges Binance and Gemini, which managed to succeed not without the help of referral systems copied from the multi-level marketing campaigns Avon and Mary Kay, which they have been using for decades.
Instagram blogger Chjango Unchained has been earning good bonuses for several months running after posting a referral link to Gemini on her profile. When her subscribers register on the exchange and buy cryptocurrencies worth more than $100, she receives $10 in BTC. According to her, she is doing a good deed. The blogger wants people who are interested in her opinion on digital money to start their crypto path on Gemini, and not, for example, on Coinbase, because the latter charges “crazy commissions”.
Referral system bonuses are a typical phenomenon for many crypto companies, and successful bloggers are happy to use this. A prime example is Michael Gu, known by the pseudonym Boxmining. It has been distributing information about digital money since 2012, having gathered an audience of more than 200,000 subscribers on YouTube and more than 3,500 participants in Telegram chat during this time.
Despite the fact that the manufacturer of hardware wallets Ledger does not sponsor its activities, it places referral links in the video descriptions and collects voluntary donations from subscribers. As you might guess, he feels rather well. At the same time, he emphasized that user activity during the coronavirus pandemic is only growing, especially after YouTube began to put sticks in the wheels of the creators of crypto-content.

Gifts, contests and sweepstakes

Making a small gift is a great way to introduce an audience to a new product. In the cryptocurrency market, this has long been relevant.
Coin creators eagerly carry out airdrops and bounty campaigns, allowing the crypto community to test the new coin. A similar approach is popular in the beauty industry. Samplers of perfumes and branded magazines with smells have led many girls to buy full-fledged versions of the fragrance.
In addition to the cryptocurrency developers themselves, a similar approach is also used by cryptocompanies of a different direction, which cannot conduct airdrops due to their technical features (for example, this is true for manufacturers of hardware wallets). Therefore, they organize more classic contests and sweepstakes. For example, they play a wallet for reposting on social networks or videos published on YouTube.
It is noteworthy that cryptobrands in this area are even more active than cosmetics manufacturers. They work not only with trusted bloggers with many subscribers, but also help to become less “untwisted” users. Therefore, they periodically assist them in organizing draws in order to attract subscribers who could potentially become new customers.
Iva Fizerova from SatoshiLabs confirmed that Trezor manufacturers periodically help users attract new followers through the distribution of gifts. Moreover, this approach brings excellent results. By working with the community this way, they have managed to sell hundreds of thousands of wallets. But most importantly, a reputation of the brand has formed around the product, warmly received by the audience. And this effect is so strong that the company simply does not see the point in spending money on traditional expensive advertising.
Most importantly, despite all the problems of 2020, including the coronavirus pandemic, which seriously hit the global economy and, accordingly, people’s wallets, demand for products did not fall. This approach remains effective, while the percentage of successful conversions in traditional advertising has probably decreased. Fizerova noted that over the past three months they have recorded a steady increase in demand for goods. Moreover, they even had to solve delivery problems, if only the buyers got the desired devices in a timely manner.
A similar approach and results are observed with other manufacturers of hardware wallets. Thus, Rodolfo Novak, co-founder of Coinkite, confirmed the growth in demand for products, despite the pandemic. Working with the community is their main marketing strategy, because it really gives results. Over the past three years, they donated about 50 wallets to YouTube reviewers. Novak is proud that their “users help other users.” According to him, this approach allows you to sell products at a lower price, since the cost of goods does not include high costs for familiar marketing campaigns.

Are marketing strategies effective? More than

The cryptocurrency market relies on marketing strategies that have established themselves in the beauty industry, which in the new field are no less effective. Maximum performance is achieved with a killer combination of all three of the above methods. It’s about when the founders of cryptocompanies themselves become opinion leaders. Just look at Changpen Zhao, the head of Binance, or Justin Sun, the project manager of TRON. Both entrepreneurs are bloggers with a huge army of subscribers and are personally engaged in the promotion of their brands, regularly rewarding their audience with pleasant gifts.
It’s easy to guess why industry leaders rely mainly on this type of marketing. Advertising products in the traditional way is expensive, especially for startups, behind which there are still no attractive products with a good reputation. But more importantly, crypto products are quite complex in themselves, so they often need detailed explanations, which are difficult to implement in the framework of traditional advertising. Agree that selling a bottle of Fanta with a new taste is much easier than a hardware cryptocurrency wallet, especially since most people don’t understand what it is.
On top of that, regular advertising is complicated by the fact that media giants regularly block crypto content.
In such a situation, marketing borrowed from the beauty industry seems to be the most acceptable and most effective option. By focusing their marketing budgets on opinion leaders and working with the community, cryptocompanies achieve the desired result, even taking into account the coronavirus pandemic. The crypto community is getting bigger and stronger every day. But the best part is that this growth cannot be stopped.
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submitted by Smart_Smell to Robopay [link] [comments]

Blocksize Debate: Coinbase? BitPay? Chain.com? Blockchain.info? Circle? 21.co? What the fuck do they think about that?

Their silence smells like "we don't give a shit because we have other plans, let the average bitcoiner waste his time and words", even if, because of their HUGE involvement with Bitcoin, they should probably care way more than the average bitcoiner here on Bitcoin.
Personally, as an average bitcoiner, I'm not going to waste tens of millions of dollars if Bitcoin goes to shit. What about them?
Any ideas? Any word from them?
------------ EDIT -------------------
Xapo SUPPORTS larger blocks:
“We support Gavin's proposal as we think it is important for Bitcoin's growth and development to get ahead of this hard cap before it is a problem. Many of us are already circumventing this by processing as many transactions as possible off the blockchain which makes Bitcoin more centralized, not less."
Coinbase SUPPORTS larger blocks:
"Lets plan for success. Coinbase supports increasing the maximum block size http://t.co/JoP4ATw4ux"
Blockchain.info SUPPORTS larger blocks:
"It is time to increase the block size. Agree with @gavinandresen post at http://t.co/G3J6bqgchu 1/2"
BitPay SUPPORTS larger blocks:
"Agreed (but optimistic this will be the last and only time block size needs to increase) http://t.co/o3kMtEkm0x"
Coinkite SUPPORTS larger blocks (BIP100):
“BIP 100 is a reasonable proposal, but it must be implemented by Bitcoin Core and not Bitcoin XT.”
BitPagos SUPPORTS larger blocks (BIP100):
“BitPagos supports the increase in the block size. It is important to maintain the Bitcoin network reliable and its value as a global transfer system."
http://cointelegraph.com/news/114505/web-wallet-providers-divided-over-andresens-20-mb-block-size-increase-proposal
http://cointelegraph.com/news/114612/major-payment-processors-in-favor-of-block-size-increase-coinkite-and-bitpagos-prefer-bip-100
submitted by 1_obvious_throwaway_ to Bitcoin [link] [comments]

Good News for Coinkite is Good News for BLK

Coinkite now has a number of features for BLK payment processing. Nyms! Tor!
submitted by btclaw to blackcoin [link] [comments]

Win a Ledger pack (5 products) by guessing the Bitstamp USD Bitcoin price on Sunday evening

EDIT: the giveaway is OVER. All submissions are now ignored
We have saved all predictions, and all edits as well as new submissions will be ignored. The first trade on Bitstamp after mignight PDT (Monday 9AM CEST) will be the 'winning' price. Results will be published in a new thread (linked here) a few hours after.
Thank you all for participating!
EDIT 2: winning price is 227.68 USD
Source: http://imgur.com/n1TSfGK
Winners announced here
To celebrate the last week end of August (end of summer holidays in France), Ledger has decided to organize a small competition where you can win a Ledger pack of 5 products.
The 3 winners (each receiving a full pack) will be the ones with the closest guessing of the Bitstamp USD price this Sunday at midnight PDT (or Monday 9AM CEST).
The prizes:
3 Ledger packs, containing each the following items:
  • Ledger Nano Duo Strap: a Nano + a wearable
  • Ledger HW.1 Multisignature: 3x HW.1 for a multisig scheme (compatible with Coinkite and Copay)
  • Ledger Unplugged: a NFC card for mobile use (compatible with Mycelium and GreenBits)
  • Ledger OTG: to use the Nano or the HW.1 on an Android phone (compatible with Mycelium and GreenBits)
  • Ledger Starter: a bootable USB with an air gapped Linux to securely initialize or restore a Nano/HW1
Picture of the full pack: http://i.imgur.com/v27b92L.png
All packs will be shipped via UPS on August 31st, so we'll require your name, address and phone number for the delivery.
Rules:
  • to participate, post a message containing your price estimation (ex: "230.10 USD"). This is your estimation of what the Bitstamp USD price will be at Sunday August 30th midnight PDT.
  • only one estimation per user, and only accounts existing before this post will be taken into account (to avoid spam).
  • only estimations posted before Sunday August 30th 3PM PDT (Sunday midnight CEST) will be taken into account (we'll save a copy of all participations at this time, further edits will be ignored)
  • in case of a tie (same estimation), earliest post wins.
  • you can post questions of messages with your estimation, this won't void your participation; just refrain to post more than one estimation
We have asked for and got the authorization of the /bitcoin mods before posting this competition here.
Good luck everyone :)
submitted by murzika to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV . Peer-reviewed, research papers can be found here.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin (from as little as $1 worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
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. Here are a couple useful sites [bitkoin.io, preev.com] that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Where can I spend bitcoins?

Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock and Rakuten Everything under the sun
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.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair, Destinia and 9flats For when you need to get away
BoltVM, Namecheap, Mullvad and PIA Handy web services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.
Additional resources can also be found at TheBitcoinPage.com

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 friendly folks 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. You can view the global node distribution here.

Securing your bitcoins

With bitcoin you can "be your own bank" and personally secure your bitcoins OR you can use established companies such as Coinbase and Circle which have secured wallets where they hold the bitcoins for you and provide insurance.
If you prefer to "be your own bank" and have direct control over your coins without having to use a trusted third party, there are many options in the wallets wiki. If you would prefer easy and secure storage without having to learn computer security best practices then a hardware wallet such as the Trezor, Ledger or HW-1 is recommended.
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, usually from a text message or app, making it much harder for thieves to gain access.
Google Authenticator Authy
Android Android
iOS iOS

Earning bitcoins

Just like any other form of money, you can earn bitcoins by working for them. Here are a few resources for bitcoin jobs.

Tipping

Fundraising

You can use Lighthouse to crowdsource fundraising initiatives with bitcoin. It's similar to Kickstarter, but without intermediaries or exorbitant fees. You can participate in project discussions at /LighthouseProjects, and watch the progress of fundraisers at lightlist.io.

Bitcoin 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 Payment channels for network scaling
Blockstream Sidechains
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Augur and Mirror Prediction markets
Factom Records & Titles on the blockchain
Open Bazaar, Provistor and Bitmarket Decentralized free markets
Zerocash, Dark Wallet and Joinmarket Privacy enhancement
ShapeShift.io The easiest way to swap between bitcoin and altcoins
BitShares Decentralized exchange
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
Maidsafe Decentralized internet
Storj and Sia Decentralized file storage
21e6 Internet of things??
Streamium Decentralized video streaming
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail Multisig bitcoin API
Copay Open source mulltisig wallet by BitPay
Bitcore Open source javascript library by BitPay
Insight Open source blockchain API by BitPay
Foxtrot Open source routing network from BitPay
La'Zooz Decentralized Ridesharing
Leet Kill your friends and take their money ;)
Lawnmower Spare change into bitcoin

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
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
If you want to use 'bits' exclusively, just remember that there are 100 satoshis in 1 bit, and 1 million bits in one bitcoin. For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out, 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. A complete list of bitcoin related subreddits can be found here
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 mod approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BashCo to Bitcoin [link] [comments]

Why is Peter Todd wrecking Zeroconf security? Because he is being paid by Big Bitcoin Business.

At the Amsterdam Bitcoin Conference I spent time following Peter and his little circle of friends and business partners. I'm new to Bitcoin so it took me until now to put two and two together and understand what was really going on, but hear me out. Peter spent a lot of time talking to Lawrence Nahum who is the guy behind GreenAddress. On the first or second day they went out to dinner after the days talks were done and went out to a nice little open-air restaurant with a bunch of people from Mastercoin. I sat at a table behind them and could hear their discussions, which including GreenAdddress's transaction confirmation guarantees, and also, an agreement for Peter to do consulting work for GreenAddress. What really stood out to me was the offer to help "shape the Bitcoin ecosystem" in ways beneficial to them. Later in the conference I also overheard a similar deal between Peter and someone, I didn't catch their name, in Coinbase branded apparel. And of course as everyone knows CoinKite hired Peter to be their "Chief Naysayer" during that conference too.
What's in common with all these companies? They're all in the dangerous business of holding other peoples' Bitcoins and GreenAddress and Coinbase both offer for-profit and centralized solutions to guarantee unconfirmed transactions. I'm sure CoinKite will be doing that soon too.
It's obvious why Peter is spending all that time and energy spreading FUD about how insecure unconfirmed transactions are. GreenAddress has been spreading their own FUD. Peter has even been trying to bribe miners to switch to his so called "replace-by-fee", which is really just an attack on secure zeroconf transactions, saying some un-named "site" paid him too. Who might that be? GreenAddress, Coinbase, CoinKite? It's not hard to figure out.
Peter sure seems quite happy to attack and hold back Bitcoin whenever it suits him for the sake of his Big Bitcoin Business contracts. It's not just unconfirmed transactions either. He's been shilling for AppCoins which dump garbage into the blockchain for the sake of pump-and-dump schemes like Mastercoin and Counterparty. (quite the about face from his supposed anti-blockchain bloat positions before) Or look at his weirdly passionate opposition to a simple feature, getutxos, that's needed for Mike Hearn's decentralized fundraising platform Lighthouse. Where's that passion coming from? The heart? Or his salary from Mastercoin, Counterparty and Colored Coins? I'm sure Mastercoin wants the next Maidsafe to happen on their platform, run by and for the benefit of Mastercoin, not Hearn's truly decentralized alternative.
I agree with Peter that GHash.IO is a possible threat to Bitcoin, but what solution does he have? Getting rid of pools. His buddies at the totally discredited Hacking Distributed (remember selfish mining? yeah those guys) run with this FUD, trying to scare the Bitcoin community into making changes to get rid of pools. Sounds like a good idea right? But then I looked further into it and found out he had just been hanging out at CloudHashing. What does banning pools do to the little guy mining decentralized? It puts them out of business because they'll never find a block that's what. Just perfect for CloudHashing's "send us money and we'll run the miners" business model and also GHash.IO's.
Peter likes to talk the big talk about decentralization, but all I am seeing here is paid shilling for the benefit of Big Bitcoin Business.
submitted by alicebtcmayes to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

Maybe you're here because you've received a tip on social media, or maybe you've just been hearing a lot recently about Bitcoin and are wondering what the big deal is? The following videos are a good starting point for understanding how bitcoin works and a little bit about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV . Peer-reviewed, research papers can be found here and here. Developer resources can be found here. Lots of Bitcoin statistics can be found here.

Where can I buy bitcoins?

You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank account. A good list of exchanges sorted by region can be found on the exchanges wiki here.
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. Here are a couple useful sites [bitkoin.io, preev.com] 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 established companies which have secured wallets where they hold the bitcoins for you and provide insurance.
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, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below.
Google Authenticator Authy
Android Android
iOS iOS

Tipping

Use ChangeTip.com (/changetip) for tipping people on Facebook, Reddit, Twitter, YouTube, Tumblr, Google+, GitHub, Slack and more! (you can even use custom monikers to tailor your tip to the discussion or add a bit of humor). Read more about ChangeTip at their reddit wiki.
Go to /FreeBits to get a few bits to practice with and then tip them forward. Go to /BitTippers to play games and solve riddles to earn your bits. Don't forget your flair!

Where can I spend bitcoins?

Store Product
Microsoft Xbox games, phone apps and software
Spendabit and The Bitcoin Shop Search engines of online retailers accepting bitcoin with millions of results
Overstock and Rakuten Everything under the sun
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.
NewEgg, TigerDirect and Dell For all your electronic needs
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky and 9flats For when you need to get away
BoltVM VPS service
Namecheap For new domain name registration
Cryptostorm, Mullvad, and PIA VPN services
Foodler and Takeaway Takeout delivered to your door!
HumbleBundle, Disco Melee, GreenmanGaming, and Coinplay.io For when you need to get your game on
Reddit Gold Premium membership which can be gifted to others
Shipnik Discounted USPS Priority & Express mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. UK residents can find a comprehensive directory of shops, pubs, websites and other places in the UK that accept bitcoins at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.
Additional resources can also be found at TheBitcoinPage.com

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. 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.
You can also earn bitcoins by participating as a market maker to allow users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Fundraising

You can use Lighthouse to crowdsource fundraising initiatives with bitcoin. It's similar to Kickstarter, but without intermediaries or exorbitant fees. You can participate in project discussions at /LighthouseProjects, and watch the progress of fundraisers at lightlist.io.

Bitcoin Projects

Here 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.

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
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
If you want to use 'bits' exclusively, just remember that there are 100 satoshis in 1 bit, and 1 million bits in one bitcoin. For more information check out the Bitcoin units wiki.
Still have questions? The friendly folks at /BitcoinBeginners would be happy to help you out, 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. A complete list of bitcoin related subreddits can be found here
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 BinaryResult to Bitcoin [link] [comments]

BlackCoin Projects Overview

.

IMPORTANT: COMMUNITY HELP REQUIRED

Help to get added to major exchanges - BTC-E, Bitfinex...
.
.

BlackCast

** NEXT DATE TBA
.

PROJECTS as of 2014/08/19

overview of current projects
  1. Proof-of-Stake 2.0/PoS 2.0
  2. BitHalo/BlackHalo - decentralized exchange, smart contracts and more
  3. Custom Wallet with anonymity functions and much more development
  4. Android Wallet
  5. BlackCoin-centric exchange development
  6. HowToBuyBlackCoin - Guides for "normal people"
  7. BlackCoinPool Translation/Localization
  8. Project BlackNote - BlackCoin ATM - FUNIDING FINISHED!
  9. Project BlackBean - BlackCoin Machines
  10. CryoBit BlackCoin Cards - ORDER NOW!
  11. Max Borges Agency needs your input - Crowdsourcing
  12. Make BC popular in Asia and middle East
  13. Project BlackCoin Legacy - Advertize BC in games
  14. CRYPTOMACHINES - BlackCoin Hardware Crowdfunding
  15. BlackCoin Summit 2015
  16. BlackWave Labs project announced
  17. Project BlackMoon
major projects/achievements (improvements going on)
Links
  1. BlackCoinTalk Project Forums
  2. DailyBlackCoin - News Source
  3. FollowTheCoin - BC-related Articles from McKie on a regular basis
  4. BlackCoinFoundation - Projects, Fundraising etc.
PLEASE NOTE
I know this is not (yet) a complete list. If you know something that is missing, please add a comment and i will add it to the listings.
PLEASE DO NOT DISCUSS the single topics here, i will remove such posts, thanks.
submitted by Subtuppel to blackcoin [link] [comments]

FAQ For Newcomers

August 9th, 2014: With the amount of projects that have been in constant development, this FAQ is somewhat out of date. While information about fundamentals of the coin remains the same and can be found here, there is much that has changed since then. In the meanwhile, please see the projects list here for a taste of the enormous development efforts of the BlackCoin community, and feel free to follow the subreddit to keep on track with new updates:
http://www.reddit.com/blackcoin/comments/27lz3h/blackcoin_projects_overview/
I created this as an initial draft of a FAQ for newcomers, feel free to recommend additions, corrections, removals, or changes.
TL/DR version at the end for those short on time.

Sections: (Ctrl + F to jump)

What is BlackCoin? [A]
What separates BlackCoin from other cryptocurrencies? [B]
Why Proof of Stake? [C]
What other reasons are there to pick up some BlackCoin? [D]
How to obtain BlackCoin? [E]
Why BlackCoin instead of competing Proof of Stake coins? [F]
Where can I talk to others about BlackCoin? [G]
TL/DR Version: [H]

What is BlackCoin? [A]

BlackCoin is a cryptocurrency based on many of the ideas contained within the original Bitcoin protocol, but with a few very important changes. Being only a couple of months old, it is a relatively new currency, but has been experiencing rapid growth. It is already in the top 10 cryptocurrencies by market cap.

What separates BlackCoin from other cryptocurrencies? [B]

There are a few main advantages to BlackCoin that separate it from most other cryptocurrencies. To ensure a fair distribution of coins, BlackCoin was initially distributed through a Proof of Work phase, the same method that Bitcoin uses to generate coins and secure the network.
That period is now over, and BlackCoin has transitioned entirely to PoS, or Proof of Stake. This allows lightning fast confirmation times, which can average as fast as 10 seconds each. In comparison, bitcoin averages 10 minutes per confirmation and litecoin clocks in at 2.5 minutes. These faster confirmation times can provide an extraordinary advantage for merchant adoption, as well as greatly improving the user experience.

Why Proof of Stake? [C]

Proof of Work was a fantastic innovation that formed the backbone of the original Bitcoin protocol. The idea is that by solving a computationally intensive math problem, one can prove the effort they've done to secure the protocol. This is how a blockchain is generated, and the effort that is required to perform this computations contribute to a coin's scarcity and value.
However, proof of work eventually becomes an extraordinarily expensive system. To secure the bitcoin network at the current market value costs about $1.8 million dollars, every single day. Most of this money is leaving the system to pay for energy costs and specialized computer equipment, much of which is done by huge computer farms. Even worse, when the value of a bitcoin increases, so does this cost. The hypothetical "$10,000 bitcoin" would cost $13 billion per year to maintain. While some of this may be mitigated by a reward "halving" or two in 3-7 years time, decreasing this reward too substantially creates a potential security risk.
Proof of Stake solves this issue in a very elegant way. Rather than using computer power as a scarce resource to generate security, Proof of Stake uses the scarcity of the coin itself. A user may choose to "stake" his coins to generate the next block in the chain, and his chance of doing so is basically proportional to the weight of his own coins.
With Proof of Work, a user can attack a network if he holds 51% of the current computer power, but to do so with Proof of Stake, that user would need a large shares of the overall coins. Acquiring this number of coins would be very difficult and expensive, and such an individual would have little incentive to attack the network as this would hurt the value of his own coins. As such, a Proof of Stake system is secured through basic economic facts rather than mass computing power.
While this is still a very contentious issue, the superior environmental and economic efficients of Proof of Stake lead many here to believe that it could be the future of cryptocurrency.

What other reasons are there to pick up some BlackCoin? [D]

There are many interesting coins out there, but BlackCoin strives to be superior in all areas. The combination of Proof of Stake and fast transaction times allow BlackCoin to excel both as a long-term store of value and for day-to-day transactions, a rare combination. But the coin also has a strong community and a rapidly developing infrastructure.
The coin's original developer has continued to work on the coin and make sure new applications are secure, even going so far as to point out a potential vulnerability in a competing coin. There is a dedicated community manager and many others who have been helping BlackCoin to grow and thrive.
Further, there are many new and exciting projects going on with BlackCoin, and it can even be difficult to keep track of it all. The most famous of these projects is the Blackcoin mining pool (http://blackcoinpool.com/), which allows miners to group together to mine other Proof of Work coins and use the profits to purchase BlackCoin, allowing this value to be absorbed into the BlackCoin economy. But don't be confused - the coin wasn't built around the idea of the mining pool, it's just one of the many great community developments that have sprung up to support it.
There have been other major developments recently as well. BlackCoin was recently accepted to be part of CoinKite's point of sale system, a huge step which will make it easy for both physical and online merchants to accept BlackCoin. The Black Coin Card (www.blackcoincard.com) is another effort which will make it very simple for anyone to get started using BlackCoin. Even a press release was sent out today to spread the word about BlackCoin: http://www.prweb.com/releases/2014/04/prweb11772516.htm. The community brings more and more ideas each day to support and promote BlackCoin.

How to obtain BlackCoin? [E]

Just like any cryptocurrency at the moment, it can take a little effort to get started, but once you have some cryptocurrency to your name, it isn't too hard.
The best way at the moment to acquire BlackCoin would be to buy Bitcoin and send those to an exchange to convert to BlackCoin. BitStamp.net is one of the largest exchanges between USD and Bitcoin, while CoinBase is also an option for U.S. customers. Once you have bitcoin in your possession, you can convert them to BlackCoin pretty quickly. Just send them to an exchange like MintPal and you can buy them at the present market rate.
Unfortunately, it can be a bit slow to get Bitcoin with the above method, but it's probably the best. If you want greater speed, you could try localbitcoins.com or finding someone directly to trade with (perhaps another reddit user). However, you may pay a significant premium over the market rate this way (15%+) and have to be careful of scams.
For the miners out there, you can't mine BlackCoin directly, but you can join the BlackCoin pool which mines the most profitable coins and uses them to purchase BlackCoin. Another user made a video explaining how to get started here: http://www.reddit.com/blackcoin/comments/23dy88/a_video_on_how_to_get_set_up_for_new_members/ (But make sure you are pointed at the updated address, stratum+tcp://useast.blackcoinpool.com:3333 for scrypt as I write this, stratum+tcp://useast.blackcoinpool.com:4444 for SHA).

Why BlackCoin instead of competing Proof of Stake coins? [F]

Some way wonder why they should obtain BlackCoin when coins like NXT and Peercoin have been around longer. Of course, this is always up to an individual to decide, but I feel there are strong reasons to support BlackCoin instead.
I think PeerCoin was a great idea for a coin and was the original pioneer of the Proof of Stake/Proof of Work concept. It is still in a combination phase between the two, slowly transitioning to a pure proof of stake coin. But it is different in its goals from BlackCoin.
Peercoin was designed to be the sort of coin that you use as a store of value, but is also specifically designed not to be used for day to day transactions. It uses a slow transaction confirmation time of 10 minutes per block and a very high fixed fee rate for transactions at .01 PPC per kilobyte. It is intended to be more of a complementary coin to something like Bitcoin rather than a day to day currency.
NXT is another coin which is operating as completely Proof of Stake, but there are some important differences between the two coins. BlackCoin is currently about twice as fast as NXT in terms of average confirmation speed and was based on the original Bitcoin Protocol. In comparison, NXT was instead built on its own code base. This may allow some potential positive changes, but also means that NXT is more likely to introduce new bugs or exploits that were not a part of its tried-and-true predecessors.
But one of the biggest differences can be found in the initial coin distribution. BlackCoin was launched with a brief initial Proof of Work phase and no pre-mine. Although this phase is much shorter than the one implemented by Peercoin, it was announced a week in advance to give all miners and buyers an equal and fair opportunity to claim the coin. In contrast to this method, NXT was distributed based on Bitcoin payments to an account set up by the developer. The period for purchasing NXT was prematurely cut off 6 weeks early without any warning. See here for more information:
https://bitcointalk.org/index.php?topic=303898.msg3620944#msg3620944
Another important component of any cryptocurrency that truly cannot be understated is the community that supports, builds infrastructure for, and spreads awareness of the coin to increase both its utility and adoption rate. It is this very factor that I feel has played a major role in bringing Bitcoin to where it is today, with a multi-billion dollar market cap. While this is a largely subjective area, I feel that BlackCoin has one of the strongest communities, especially for a very young coin, with several new projects springing up every few days. Contrastingly, it appears that NXT has some schisms within the community as can be seen here, splitting into two different forums:
https://nextcoin.org/index.php/topic,4621.0.html
However, bear in mind that this is my own view on the situation as an outsider with limited involvement, and it is always best to do your own research if time permits.

Where can I talk to others about BlackCoin? [G]

There are a few places to talk about BlackCoin, news, and upcoming developments. First, where you are now, the reddit community has been growing very quickly:
http://www.reddit.com/blackcoin/ Make sure to check the sidebar for many more websites.
https://bitcointalk.org/index.php?topic=469640.0 This is the bitcointalk thread. This thread has historically had the most information of any forum, but it's quite a slog to read through. Worth checking up on if you don't want to miss anything though.
http://blackcointalk.com/ The "official" forums.

TL/DR Version: [H]

Blackcoin is a cryptocurrency. It's pretty new, but it's pretty great. It uses Proof of Stake, so it's efficient. It's also lightning fast. Bitcoin is slow and expensive to secure. Proof of Stake = the future. BlackCoin = the future. The community here is amazing. BlackCoinPool. BlackCoinCard. Press. Hype. CoinKite. New projects all the time. Don't get left in the dust. Blackcoin is the best in all areas. Speed, store of value, economics, efficiency, community, developers, got it all. Buy some.
submitted by asdffsdf to blackcoin [link] [comments]

Coffee, Coinkite & Cryptocurrency Bitcoin News 🔥 - YouTube Coinkite - YouTube New Wallet from Opendime, the Coinkite Coldcard, is Cypherpunk Cool - Bitcoin News BITCOIN HIDDEN INDICATOR - BREAKING!!!! MOST AREN'T READY ...

Opendime’s parent, Coinkite, has A long history in the ecosystem, and the Canadian-based firm is known for its gritty, solid work. So it was with some delight I happened across their bitcoin improvement proposal (BIP) BIP39-based coldcard.Right away, I was struck by the old school, 1980s calculator design. Coinkite Coldcard: This product is a Bitcoin hardware wallet that offers security for its users. It has features like many sub-accounts that you can use to store different quantities of Bitcoin and many security measures like anti-hacking technology. This wallet can also be used offline. The price of the Coinkite Coldcard is $49.99. Bitcoin ... Bitcoin News Coinkite Forays into Bitcoin Hardware Space, Winds up Wallet Service. Coinkite, the Canadian bitcoin platform has recently decided to go ahead with the spring cleaning. Coinkite has announced the launch of Coinkite Coldcard Mark3 (MK3). The MK3 will be the third generation in the secure bitcoin hardware wallet. The version has more than double the RAM from its previous version. The ongoing debate regarding scaling bitcoin continues unabated. More and more companies are publicly showing support for the bitcoin UASF. The latest

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Coffee, Coinkite & Cryptocurrency

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