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Monero: the secure, private, untraceable currency

This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Cryptocurrency meets Augmented Reality: "The Pokémon Go of Crypto"

Crypto Hunt: Augmented reality meets Cryptocurrency. Get moving, get rewarded. Crypto Hunt is both a cryptocurrency and a free location-based AR game available on iOS/Android currently in open Beta testing and available for pre-sale contributors. CH allows you to get on your feet and solve riddles, discover treasure, and earn CH tokens with Professor Crypto as your guide.
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I got this via coinbase when I use my account solely for buying items via bitcoin, I fund my account via my uk bank account which I then buy btc then send to the sellers address as far as Im aware there’s nothing wrong with that no? Not unless im making a gain which im not

I got this via coinbase when I use my account solely for buying items via bitcoin, I fund my account via my uk bank account which I then buy btc then send to the sellers address as far as Im aware there’s nothing wrong with that no? Not unless im making a gain which im not submitted by Terrpzz710 to CryptoCurrency [link] [comments]

Serious discussion. What is the benefit of me buying my hemp with bitcoin or like 50 other ones, starseed botanicals takes a lot of crypto btw, instead of using VISA and cash? I am all for using it and I plan on using bitcoin for starters. My first buy to try out buying my first item with crypto!

What's the point though? I mean I personally like using it and investing in it.However, why bother? Like VISA and cash and people they are so stubborn no ones is going to go through what I went through to buy this item when VISA is just a click away.
submitted by mojindu464 to CryptoCurrency [link] [comments]

@nytimesbusiness: The trading of Bitcoin on cryptocurrency exchanges has slowed. And using Bitcoin to buy legal items has also dropped, @nathanielpopper writes. But one corner of the Bitcoin economy is still going strong: the sale of illegal drugs and other lawbreaking. https://t.co/3ytSVSKKz4

@nytimesbusiness: The trading of Bitcoin on cryptocurrency exchanges has slowed. And using Bitcoin to buy legal items has also dropped, @nathanielpopper writes. But one corner of the Bitcoin economy is still going strong: the sale of illegal drugs and other lawbreaking. https://t.co/3ytSVSKKz4 submitted by -en- to newsbotbot [link] [comments]

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using.

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using. submitted by money78 to btc [link] [comments]

Using Bitcoin as a currency to buy and sell items is a terrible idea

Consider the fees, I just payed $1000 dollars at localbitcoins and received $790 dollars. That is 21% worth of fees!!
Buying Bitcoins takes days to go through the buy/exchange process. I've been buying Bitcoin for over two years and it is a big fucking nightmare. I'm currently locked out of my localbitcoins account with support not expected to answer for 12 days!!
It is 10 x times cheaper and less stressful using a credit card to buy items. It is also a lot safer using a credit card, if I can't regain access to my localbitcoins account I lose $790 dollars worth of BTC and there is nothing I can do about it. If it was a credit card transaction, I'm covered by the bank if anything goes wrong.
Bitcoins is a worthless currency.
submitted by TuizRD to OpenBazaar [link] [comments]

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using.

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using.

Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using. submitted by cryptoallbot to cryptoall [link] [comments]

Dear Reddit, for the last 6 months, we've been working on getBspendB, a web app that allows bitcoiners to buy Amazon items using bitcoin and save money. We do this by having bitcoin buyers make purchases for you! Please try us out!

What is getBspendB?
GBSB is a marketplace that connects bitcoin "Spenders" and bitcoin "Buyers" by leveraging Amazon wishlists. By creating a platform for Buyers to easily, safely, anonymously, and quickly purchase bitcoins, the Spender gains wide selection of Amazon merchandise at discounted prices.
Spending on Amazon will be discounted 5%.
Buying bitcoins will have a 6% fee.
In addition, we're offering promotional free bitcoins for beta testers*:
  1. First 100 registered users for will receive $1 in BTC.
  2. Buyers and spenders of 100 completed transactions each receives $1 in BTC.
  3. Insightful questions, bug reports, suggestions, and other comments here also receives tips.
So how does GBSB work?
  1. First, the Spender creates an Amazon wishlist and shares the wishlist link featuring delicious coconut water priced at $26.99 with GBSB. The price is calculated and discounted (at 4% during beta), so the order will cost $25.91 or ฿0.0335*). If Spender's account balance is sufficiently funded, the order will be place in the orderbook for Buyers to grab.
  2. Bitcoin Buyers shares with GBSB how much BTC he wants to buy. GBSB returns him several similarly valued options to choose from. Buyer then purchases the products in the wishlist and selecting the Spender's hidden ship-to address (known only to Amazon).
  3. Amazon ships the items directly to the Spender. Buyer provides the tracking number to GBSB and Spender for an ETA.
  4. Upon receiving, Spender confirms with GBSB that package has arrived, and the bitcoins (minus a 5% fee) are released from escrow. Buyer can then withdraw the bitcoins to his private wallet, or use it as he wishes.
Seems kinda complicated you might say. There are so many parties involved in this single transaction.
Our Implementation focuses on the user experience. We aim to make the entire transaction eat no more than 20 minutes of each user's time. GBSB aims to be a fresh and unconventional method of exchange, that addresses several problems in the bitcoin ecosystem.
More complete analysis of GBSB vs competitors for Buyers and Spenders
*Subject to discretion if abuse is suspected. Only 1 account per user.
Join theintl. mailing list to be alerted when we open for your country. We will only send 1 email, no spam.
Edit: Just wanted to add that we'll be looking to participate in Bitcoin Black Friday.
submitted by sirkent to Bitcoin [link] [comments]

How is the OneTime Application using the Blockchain to create the first Social Networking platform that also allows its users to Buy and Sell items for Bitcoin. /r/Bitcoin

How is the OneTime Application using the Blockchain to create the first Social Networking platform that also allows its users to Buy and Sell items for Bitcoin. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

NANO can now be used to buy items from Amazon and 200,000 other online retailers with Bitcoin Superstore

NANO can now be used to buy items from Amazon and 200,000 other online retailers with Bitcoin Superstore submitted by web2linc to nanotrade [link] [comments]

Are any of you using coin to buy grocery items from Overstock on a regular basis? /r/Bitcoin

Are any of you using coin to buy grocery items from Overstock on a regular basis? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Looking to build a site where people can use crypto to buy items, or go to restaurants or anywhere that accepts crypto, please reach out and let me know of any places and I can compile them. /r/Bitcoin

Looking to build a site where people can use crypto to buy items, or go to restaurants or anywhere that accepts crypto, please reach out and let me know of any places and I can compile them. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Looking to build a site where people can use crypto to buy items, or go to restaurants or anywhere that accepts crypto, please reach out and let me know of any places and I can compile them. /r/Bitcoin

Looking to build a site where people can use crypto to buy items, or go to restaurants or anywhere that accepts crypto, please reach out and let me know of any places and I can compile them. /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

[PSA] How to buy your CS:GO items from Dispenser.tf using bitcoin

So after several people asked me to help them using Dispenser.tf, I finally made a guide to use it.
http://imgur.com/a/LJaws
I hope you guys find this helpful!
submitted by Koelen3 to GlobalOffensiveTrade [link] [comments]

Do you use your Bitcoin to actually buy items online?

I have an online business selling physical products in Canada and the US. Lately I have been learning about digital currencies as well. Recently I added the ability to buy in Bitcoin / Litecoin / Dogecoin from my store. I know that most of you are buying these currencies as an investment, but I am curious if you use your currencies to actually buy stuff? Where do you find out what sites accept your currency?
submitted by resoluter08 to BitcoinCA [link] [comments]

Cryptothrift -- a site to buy and sell items using Bitcoin and Litecoin

submitted by commandrix to BitcoinPizza [link] [comments]

would you guys find it useful if there was an app to buy and sell items specifically salvaged from dumpster diving and you could buy and sell with Bitcoin or USD. I'm not sure if something like this exists specifically for divers or if people would rather use FB marketplace or similar apps

if you are excited about using a product like this than upvote this post and share it. If this post gets 30 or more upvotes I'll start building it!
if you think it's totally unnecessary, that's cool too. I appreciate any honest feedback. I'm just looking for a project to test my development skills and if I can build something that people would actually find useful, all the better
submitted by InformalChampion to DumpsterDivers [link] [comments]

Players using Bitcoins and outside currencies to buy in-game items

So the newest dispute on the server is if outside currencies, like Bitcoin, should be used to buy items in game, like diamonds. In other words, if Player 1 offered Player 2 a stack of diamonds for 1 Bitcoin (around $5 U.S.), do you think that would hurt the server, or make the game less fun and why? Discuss...
submitted by bracomadar to Civcraft [link] [comments]

02-03 21:03 - 'I am doing something stupid - spending $5 to move money between my wallets or paying 50% fee to buy a $10 item. Oh, I forgot, BTC is not meant to be used for payment, just for hodling.' by /u/bitdoggy removed from /r/Bitcoin within 31-36min

'''
I am doing something stupid - spending $5 to move money between my wallets or paying 50% fee to buy a $10 item. Oh, I forgot, BTC is not meant to be used for payment, just for hodling.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: bitdoggy
submitted by removalbot to removalbot [link] [comments]

0.12.8.9457 Content Discussion and Questions Megathread

https://forum.escapefromtarkov.com/topic/139581-patch-notes-for-01289457/
Please post all questions related to the new update in this thread.
NOTE: There will be no wipe with 12.8
Added:
New equipment:
New weapons and weapons parts:
Quality of Life changes:
Optimization
AI improvements:
Fixed:
Changed:
submitted by bobbypower to EscapefromTarkov [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots.
A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC).
Today we'll discuss in excrutiating detail why this is not a good idea.
When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust.
However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:

Is Bitcoin money?

No.
Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves:
1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own.
As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get.
You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there?
2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile.
If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point:
3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away.
For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast.
On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC
While the dollar loses value at a predictible rate, BTC is all over the place, which is bad.
One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy.
If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due.
Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.

BTC has a fixed supply, so these problems are built in

Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense.
Having control over supply of your currency is a good thing, as long as it's well run.
See here
Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well.
Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money.
Let's look at a classic poorly drawn econ101 graph
The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand.
Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price
Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control.
It's also a national security risk...
The story of the guy who crashed gold prices in North Africa
In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca.
He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade.
This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.

Currencies are based on trust

Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged?
The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president.
People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all.
It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board.
For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency
This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government."
The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.

BTC is not gold

Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value.
How do we know that?
Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan.
Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well.
Some people are puzzled at this: we don't even use gold for much! But it has great properties:
First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment.
Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials.
Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans.
It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods.
To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that.
On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.

BTC is really risky

One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds.
But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:

Blockchain solutions are fundamentally inefficient

Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science.
That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale.
The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
submitted by VodkaHaze to badeconomics [link] [comments]

Preliminary patch notes for 12.8 patch!

Added:
New equipment:
New weapons and weapons parts:
Quality of Life changes:
Optimization
AI improvements
Fixed:
Changed:
The 12.8 patch will NOT be on this week! Need to polish everything!
submitted by trainfender to EscapefromTarkov [link] [comments]

Best Way To Buy Bitcoin Instantly (I Ditched Coinbase ... How to Buy Bitcoin: Absolute Beginner's Guide HOW TO BUY BITCOIN 2020 - BEST Ways to Invest In ... Coinbase Exchange Tutorial - How To Buy Bitcoin On ... How To Buy And Sell Bitcoin On Paxful - YouTube

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Best Way To Buy Bitcoin Instantly (I Ditched Coinbase ...

HOW TO BUY BITCOIN 2020 - BEST Ways to Invest In Cryptocurrency For Beginners! (UPDATE) Get $10 of free Bitcoin when you buy or sell at least $100 of cryptoc... Go shopping with Bitcoin on Amazon, eBay, or any other online store at http://all4btc.com. No credit card, bank or PayPal required to make purchases. Even ea... There are other great platforms to use and I will be covering others in future videos. In this video I provide step-by-step instructions for how to buy your first bitcoin using Coinbase ... This is just a quick video to show you guys how you can use Bitcoin to purchase on Amazon. *****... MY ALL-ENCOMPASSING GUIDE TO GETTING STARTED WITH BITCOIN: https://www.btcsessions.ca/post/how-to-buy-sell-and-use-bitcoin-in-canada SHOW RESOURCES: Visit an...

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