Overstock turning into bitcoin tech company

Patrick Byrne CEO of Overstock.com talks about Bitcoin and blockchain technology

Patrick Byrne CEO of Overstock.com talks about Bitcoin and blockchain technology submitted by Thizzics to Bitcoin [link] [comments]

03-22 23:12 - 'Overstock CEO To Make Blockchain A Mainstream Technology To Undermine Centralized Institutions' (useacoin.com) by /u/Useacoin removed from /r/Bitcoin within 437-447min

Overstock CEO To Make Blockchain A Mainstream Technology To Undermine Centralized Institutions
Go1dfish undelete link
unreddit undelete link
Author: Useacoin
submitted by removalbot to removalbot [link] [comments]

How to Make $$ of Bitcoin Halving

Last time I threw somethin up here ya ghosted. I ain't gon trip but hope this wake some ya up.
Bitcoin, however you feel about it (I say imperfect but better than fiat) is halving. If you don't have a coinbase or tzero wallet you can still get a bag.
Robinhood Bitcoin Stocks:
RIOT -
Riot blockchain owns the largest Bitcoin mining farm in North America, facilities in Oklahoma and Upstate NY. They acquired the facility in NY last month as well as bought new gear to keep up with competition as Bitcoin miner rewards half. They are well positioned moving forward to be one of the farms that continue producing Bitcoin.
MOGO -
Canadian financial services firm that allows customers to buy Bitcoin through their app. They have a solid customer base they help with financial wellbeing through tracking debt/spending.
OSTK -
No longer a pennystock but I know some of ya can up ya g. Before CEO Pat Byrnes flamed out he funneled his companies resources into bitcoin/blockchain technology. Tzero is owned by overstock and they are in the process of being approved to not only exchange crypto but regular stocks as well.
OTC stocks (ToS got em)
Grayscale Investments
GBTC, GDLC etc -
Heavy with instutional backing. It's a Bitcoin trust, they own a ethereum trust if that's your thing and then digital cap fund.
Still iffy? Look up Paul Tudor Jones since billionaires are smarter than the rest of the population combined.
I would post sources but ya Google/Yahoo Finance/Reddit/Pocket work the same.
Disclaimer: I am long and own multiple positions on these stocks.
Lastly, I expect Bitcoin to dip sometime over the next week due to coin laundering (deadass, not gonna speak further on it rn). Just a heads up
Edit: Riot operates at the largest Bitcoin mine in a partnership with Coinmint.
submitted by DreOJamrock to RobinHoodPennyStocks [link] [comments]

Where can I spend cryptocurrency in the USA?

Where can I spend cryptocurrency in the USA?

https://preview.redd.it/lsyvsa3u9uy41.jpg?width=3800&format=pjpg&auto=webp&s=9d5082bfd8cb9d68ac89db97e38cff68dee83fa3
Welcome to the first episode of Crypto for everyone!
We aim to promote places in different countries that accept cryptocurrency as a payment option as our initiative to create awareness on the usability of cryptocurrency where it could bring in various benefits. In this episode, set sail as we embark on a journey to the beautiful land called the United States of America.
Cryptocurrency has been in a long journey slowly travelling across the world with an aim to change how we manage assets. Bitcoin was ahead of its time. In fact, back then, the first transaction using Bitcoin was made to purchase pizza! This goes to show that the usability of cryptocurrency was limited back then whereby people are baffled on how to fully-utilize cryptocurrency. But now; fortunately, those days are behind us.
As people are becoming more comfortable with cryptocurrency, some of the leading industries considered this to be a blessing. From tech industry giants to your neighbourhood pizza outlet; aside from trading and staking, cryptocurrency is used to purchase food and beverages, petroleum, etc. Cryptocurrency payments are quick, inexpensive (especially if you’re living outside of your home country), decentralized and secure.
“Simply put, it’s the payment system of the future.”
If you own cryptocurrency such as Bitcoin and as you look at your digital assets on your e-wallet, you wonder “What else can I do with this?” Well, this article is made for you. Let’s have a quick look at the best places to shop around the US that accept cryptocurrency where it can give you the best knock for the token money you’ve got.

Overstock

Overstock is an online store that sells a variety of goods at lower prices. Fun fact: Overstock became the 1st retailer to start accepting Bitcoin as a payment option. On the other hand, Overstock launched Medici Ventures Department specializing on Blockchain technology whilst entering into a partnership with a major exchange platform, Coinbase where they can allow the customers to buy goods using a variety of cryptocurrency other than Bitcoin such as Litecoin, Ethereum etc.

Microsoft

The tech giant, Microsoft has restored bitcoin as a payment option in their store after working with their payment solution provider to ensure lower bitcoin amounts would be redeemable by customers. The company grants the use of Bitcoin to top up funds into the Microsoft account. Initially, Microsoft added bitcoin payment option for digital products in 2014, allowing U.S. based customers to use the digital currency to purchase services like apps, games and videos from its Windows, Windows Phone and Xbox platforms.

CheapAir

Considering CheapAir and Bitcoin, this airline started accepting cryptocurrency in 2013, which made it the first travel agency in the world to accept Bitcoin as a payment method for booking flights. It also started accepting Bitcoin as a stand-in payment method for hotels. They used Coinbase as their exchange platform initially which was later changed to BTCPayServer.

Subway

Subway is a major food chain that accepts cryptocurrency in the USA. Besides online orders, cryptocurrency can also be spent at a regular Subway restaurant. With a flip of a Bitcoin, a Subway sandwich can now be bought at selected restaurants such as Hamilton Blvd, Pennsylvania.

Helen’s Pizza

Pizza is one of New Jersey’s famous and down-to-earth specialities among the public. Sometimes it may seem as insane as spreading tomato sauce on top of the cheese that certain pizza outlets have begun to accept Bitcoin. Helen’s Pizza is one of at least three New Jersey pizza places which you can get your own slice of pizza using Bitcoin.
As one would expect, this is just a small list of online stores and retailers that accept Bitcoin as a form of payment. Nonetheless, the ones mentioned in our list are deeply rooted stores with esteem and good societal backing, which means that they are very safe options for customers. Just in case; if you happen to own some Bitcoins and you want to spend them online for purchases, you can’t go wrong with any of the options mentioned above.
Catch us on the next episode where we bring you to other parts of the world with crypto.
submitted by everus-world to u/everus-world [link] [comments]

Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal - NASDAQ.com

Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal - NASDAQ.com submitted by Egon_1 to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
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. Preev is a useful site that 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 third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
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. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
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.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is 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.

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. Bitseed is an easy option for getting set up. 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.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

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, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
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 and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

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:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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]

Overstock-sponsored blockchain-based stock market "t0" does not use the bit-coin blockchain after all

Overstock-sponsored blockchain-based stock market submitted by jstolfi to Buttcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
Some great introductions for new users are My first bitcoin, Bitcoin explained and ELI5 Bitcoin. Also, the following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
Also have to give mention to Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute. Bitcoin statistics can be found here, here and here. Developer resources can be found here, here and here. Peer-reviewed research papers can be found here. Potential upcoming protocol improvements here. Scaling resources here. The number of times Bitcoin was declared dead by the media can be found here (LOL!), and of course Satoshi Nakamoto's whitepaper that started it all! :)
Key properties of bitcoin

Where can I buy bitcoins?

Bitcoin.org, BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Gemini Bitstamp LocalBitcoins
Bitstamp Bitit Mycelium LocalTrader
BitFinex Cex.io LibertyX
Cex.io CoinMama WallofCoins
Xapo Spectrocoin BitcoinOTC
Kraken Luno BitQuick
itBit
HitBTC
Bitit
Bisq (decentralized)
Luno
Spectrocoin
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
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. Preev is a useful site that 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 third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Samouari BreadWallet Electrum
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
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. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for some good options, some of the more commons ones are listed below.
Store Product
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.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, Overstock, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Hyphen.to, Coinsfer, More #1, #2 Bill payment
Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, United Way, ACLU and the EFF. You can find a longer list here.

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. Bitseed is an easy option for getting set up. 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.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Streamium.io, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

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, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream, Rootstock and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

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 $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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]

Positive Growth of Employment Opportunities in Crypto and Blockchain Sector

Blockchain training institute: Great news for anyone seeking a career in the blockchain or cryptocurrency industries. Positive growth of employment opportunities in the crypto and blockchain sector.
The job search engine, Indeed, published a report revealing that people seeking employment in blockchain and cryptocurrency domains have increased significantly. It is also evident by the fact that job ads related to crypto and blockchain have also increased, as seen by the 26% growth from 2018-2019, succeeding a four-year trend of 1,457% rise in these domains!
Meanwhile, other industry-specific job searches saw a drop of around 53% in the same time, which followed a long recession run. As per Indeed’s analysis, the passion among job-seekers increased in late 2017, the time when cryptocurrency was on a bull run, wherein Bitcoin’s price peaked to its all-time high of $20,000, however, it has gradually dropped after reaching the high.
Going deeper into the report, the top five job postings in the current year, were all related to computers, with the most common positions being that of:
Additionally, Deloitte, IBM, Accenture, Cisco, and Collins Aerospace featured in the top 5 employers that posted jobs related to blockchain. However, Ernst & Young joined Deloitte in the top 10 as one of the Big Four companies to post blockchain openings.
Nevertheless, companies in the cryptocurrency and blockchain business also posted numerous openings, wherein they ranked as follows:
  1. Coinbase – 7th place
  2. Overstock.com – 8th place
  3. tZERO/ Ripple – 9th place
  4. Circle – 11th place
  5. Kraken – 12th place
  6. ConsenSys – 13th place
Apart from these, banking firms JP Morgan Chase and Signature Bank, occupy the 14th and 15th place on the list.
Unexpectedly, one of the pioneers in the telecom sector, Verizon, is the only company from the telecom sector occupying the 10th place in the employer’s list posting blockchain-related jobs. Even though Verizon has invested significantly in blockchain, and also filed for a patent related to this technology, it has not made any important declaration in this domain.
Lastly, as per Indeed’s report, it forecasts an upward trend of jobs in the crypto and blockchain sector in the year 2020, even with high volatility in prices and ambiguity in regulatory norms that oversee the crypto industry.
Source: https://nvestweekly.com/
submitted by Bhavanag to u/Bhavanag [link] [comments]

11-13 07:33 - 'Positive Growth of Employment Opportunities in Bitcoin and Blockchain Sector' (self.Bitcoin) by /u/NvestLabs removed from /r/Bitcoin within 0-8min

'''

[link]2
Great news for anyone seeking a career in the blockchain or bitcoin industries. Positive growth of employment opportunities in the bitcoin and blockchain sector.
The job search engine, Indeed, published a report revealing that people seeking employment in blockchain and bitcoin domains have increased significantly. It is also evident by the fact that job ads related to p0bitcoin and blockchain have also increased, as seen by the 26% growth from 2018-2019, succeeding a four-year trend of 1,457% rise in these domains!
Meanwhile, other industry-specific job searches saw a drop of around 53% in the same time, which followed a long recession run. As per Indeed’s analysis, the passion among job-seekers increased in late 2017, the time when cryptocurrency was on a bull run, wherein Bitcoin’s price peaked to its all-time high of $20,000, however, it has gradually dropped after reaching the high.
According to the [blockchain training institute]1 , the top five job postings in the current year, were all related to computers, with the most common positions being that of:
Software Architect
Full-stack developer
Front-end developer
Software engineer
Additionally, Deloitte, IBM, Accenture, Cisco, and Collins Aerospace featured in the top 5 employers that posted jobs related to blockchain. However, Ernst & Young joined Deloitte in the top 10 as one of the Big Four companies to post blockchain openings.
Nevertheless, companies in the cryptocurrency and blockchain business also posted numerous openings, wherein they ranked as follows:
Coinbase – 7th place
Overstock.com – 8th place
tZERO/ Ripple – 9th place
Circle – 11th place
Kraken – 12th place
ConsenSys – 13th place
Apart from these, banking firms JP Morgan Chase and Signature Bank, occupy the 14th and 15th place on the list.
Unexpectedly, one of the pioneers in the telecom sector, Verizon, is the only company from the telecom sector occupying the 10th place in the employer's list posting blockchain-related jobs. Even though Verizon has invested significantly in blockchain, and also filed for a patent related to this technology, it has not made any important declaration in this domain.
Lastly, as per Indeed’s report, it forecasts an upward trend of jobs in the crypto and blockchain sector in the year 2020, even with high volatility in prices and ambiguity in regulatory norms that oversee the crypto industry.
'''
Positive Growth of Employment Opportunities in Bitcoin and Blockchain Sector
Go1dfish undelete link
unreddit undelete link
Author: NvestLabs
1: nv*st*a*s.com 2: pr*view.re**.it/*9*n**k*ney3**jpg?w***h=***0&am*;forma*=pj*g&au*o=w**p&am*;s=fc3aa0d56c35f**ad4*46*b1*32*2cfd7296*eb2
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
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. Preev is a useful site that 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 third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
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. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
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.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is 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.

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. Bitseed is an easy option for getting set up. 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.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

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, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
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 and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

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:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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]

Nasdaq planning to use Ravencoin to launch a security token platform?

So we know Nasdaq is planning on entering the tokenized securities market, but in case you missed it:

https://theblockcrypto.com/2018/10/12/nasdaq-is-looking-at-gatecrashing-a-red-hot-industry-with-a-platform-to-issue-tokenized-securities/

In the article there's a relevant quote: "Nasdaq is speaking with a number of firms as part of its efforts, including blockchain startup Symbiont".

Here's another article: https://www.livebitcoinnews.com/nasdaq-reportedly-considers-creating-platform-for-cryptocurrency-security-tokens/

"Reports indicate that Nasdaq is pushing through with these plans, holding high-level talks with Symbiont – a blockchain startup focusing on institutional blockchain solutions. According to the inside sources, the proposed Nasdaq platform will both issue and trade cryptocurrency security tokens."

What does Symbiont have to do with Ravencoin? Well, follow the trail...here's a news release from Back in mid-2017: https://globenewswire.com/news-release/2017/07/19/1054397/0/en/Medici-Ventures-Announces-Strategic-Investment-in-Symbiont.html

"Medici Ventures and Symbiont today announced the completion of a strategic investment in Symbiont by Medici Ventures, a major investor in blockchain technology. As part of the new relationship, the two companies will collaborate on strategic projects involving both Medici Ventures and its parent company, Overstock.com Common Shares (NASDAQ:OSTK) / Series A Preferred (Medici Ventures’ t0 platform : OSTKP) / Series B Preferred (OTCQX:OSTBP)."

Now we already know Patrick Byrne/Overstock.com is a big fan of Ravencoin, and has helped fund development: https://www.youtube.com/watch?v=lEaqCdind2Y

"Ravencoin, I think it's Bitcoin 3.0"...

https://youtu.be/wLUshd-b6Lc?t=75

"Well I'm not really interested in cryptocurrencies per se. Although in general, I guess there's nothing wrong with me saying there is an open-source project of which I'm really letting something big out of the bag here. I'll tell you. But there's an open-source project called Ravencoin, which Overstock has put millions of dollars into teams. We have people contributing to this open-source project. We think this coin actually has quite a future. It's about — it's bitcoin, but a thousand times more energy efficient. And there's other real interesting virtues to it — so Ravencoin. But other than that, I stay out of the cryptocurrency game. I'm building the — we're focusing on applications of this technology and not just betting on coins themselves."

We also know they unveiled tZero at the Nasdaq headquarters back in late 2015: https://www.coindesk.com/overstock-unveils-blockchain-trading-platform-to/

Byrne has also talked about tZero partnering with Symbiont "at some point", check page 12 of their earnings call transcript back in March of this year: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NjkwNjMwfENoaWxkSUQ9NDAxMjM0fFR5cGU9MQ==&t=1

"There's all kinds of -- tZero and Symbiont are wonderful partners at some point. So this ecosystem may seem random, but there's a real underlying structure to it."

and page 14 with Byrne's comments in Ravencoin:

"Next, just so I never mention or could be accused of not mentioning it, I'm going to mention Ravencoin, which is -- put this in the category of Texas
Gulf Sulphur. I have now officially publicly mentioned Ravencoin. Don't know what it's worth, I probably should disclose we have over 60 million
of these; it's currently trading at $0.03 a piece, so a couple million bucks, nothing to get excited about. Who knows? But it's not our coin it's an open source project, of which we became quite enamored and we threw in several millions of dollars of developers to help it along and such, it's a very
interesting project, and that's enough."

So are Nasdaq/Symbiont/Medici Ventures/Overstock/tZero/Ravencoin planning something huge behind the scenes? I highly doubt Nasdaq will just sit back and let ICE/New York Stock Exchange have all the fun with Bakkt.
submitted by coalission to Ravencoin [link] [comments]

Will there be another 2017-like crypto pump ever gonna happen again? My rant on the future of crypto, ICOs, and 2018

Background
I've been getting several messages lately inquiring about my old post from which I borrowed $30k to buy ETH back in May: https://np.reddit.com/ethtradecomments/68oshw/just_borrowed_30k_to_buy_eth_stay_tuned_for_the/
I started typing a long response to someone who asked me whether he thinks there's gonna be another opportunity like ETH in the future (from which I made over 100X returns, buying most between $10 and $100, and cashing out 90% at $1000-$1200)...and I realized I typed so much info that it could be worthwhile to share it with the community.
Before I start my rant though... about the loan I had taken out at the time: don't ever invest in more than you're willing to lose.
Opportunities will always come, in one way or another. Today is crypto, yesterday was flipping houses, before that was penny and internet stocks. But from a crypto standpoint, opportunities in this field are gonna be more rare. Bitcoin, ETH, and other large caps coins are probably done for for a while -- they'll go up in the long run but I don't think we'll see another new parabolic rise of 1000+% gains for a long while. People switched to ICOs after seeing some of the 3-10X gains, but the wild west of unregulated ICOs is starting to lose steam, mostly due to regulatory barriers.
Identifying Fundamental Disruptions
I invested in ETH first at $10 and buying all the way up to $100 (the $30k loan got me ETH at $80 each), and while others were selling for 2x flips, I was able to hold it all the way to $1000+. I think this is important to mention in the context of this post because of the necessity to realize the long-term disruption that lays ahead. At the time, I realized that ETH was about to give altcoins/tokens the ability to be speculated on due to their direct utility association in a tech startup's main business mechanism. I firmly believed that ETH should be worth at nearly as much as, if not at least, BTC in market cap because of this. Prior to ETH, it was just Bitcoins and then all clones/shitcoins. ETH gave rise to ICOs and speculative coins that could be assigned potential business value to it, thereby making crypto markets what it is today. Frankly, the entire crypto market owes ETH, and respectfully BTC of course, for what is today. Note though: I rolled the dice big for ETH, but even my $30k investment at the time was only about a quarter of my savings at the time. So again, don't invest in more than you are willing to lose or sleep soundly at night.
The Future: Increasing Regulation
Anyway, turning to the future. Here's what I think is going to happen. SEC is going shutdown alot of ICOs; they are really cracking down on ICOs claiming to be utilities, even if disguised through airdrops or SAFTs. In fact, just today's WSJ news said SEC issued subpoenas to multiple ICOs and have taken interest in SAFTs for so-called utility tokens. Just like the dot-com bubble, 90%+ of these previous ICOs are gonna tank and fail. We're gonna see a massive correction probably later in 2018, when roadmaps with major expected milestones start missing their deadlines, and a domino effect happens when SEC starts really flexing their muscle and forcing exchanges to go into delisting mode (we already are starting to see this with Bittrex).
But a Hidden Opportunity
So about looking for another crypto pump opportunity.... When the culling happens, the survivors are gonna be as follows. Look for US-based ICOs that have been SEC-compliant from the outset, or at least making a strong effort to do so. Having a legal advisor or team member will be big this year. Don't be afraid of lockups or holding periods if it's for the purpose of being SEC compliant (signs are mentions of Reg CF, Reg D, Reg S, and Reg A+ offerings... you could google these keywords with their company name to see if they have a filing record in SEC's database). See if these ICOs and team leaders had a successful and profitable business in the past, or at least spun out of a profitable company. Also, there's way too much bullshit with partnerships, many which are fake or with useless no/name companies. Next, a lot of these open ecosystem platforms rely on partner companies to attract customers -- but why would companies join when there are no customers, and vice versa. It's all bullshit and often pump and dump shilling. What you want is a closed ecosystem (think Apple iOS) to help consumers navigate the business model. An open ecosystem where customers have to attach their own crypto wallet, blah blah blah, yay decentralization, yeah... well that's all never gonna see mass adoption (think Linux... some hardcore advocates exist, but what layperson actually wants to operate command lines or deep menus all day long and accidentally break their system with one wrong syntax). Look how successful Coinbase has become by simplifying crap. Too much shit is focused on the crypto side and it's like a foreign language to mainstream customers who won't touch it with a ten foot pole. Look for ICOs that are consumer focused rather just have solely an ICO page. It's particularly appealing if they have a self-directing strategy in the form of a tangible product they can sell to generate data or transactions in their ecosystem, which would naturally attract additional customers/companies into their platform.
Examples:
These companies with revolutionary ideas, who are making an effort to be legally compliant and also have a tangible product, are the ones that are gonna survive the mass culling of alts and ICOs later this year. If we ever get our first ICO unicorn (from revenue, not pumped market cap of their token), then it will bring truly mainstream recognition of the crypto markets that will give the traditional stock markets a serious run for their money. I'm not talking about less than 1% of the $70 trillion stock market value of the world -- I'm talking like double digit levels of the entire global stock market. And I bet you it will happen. This is the sorting-out phase of the future -- a shift from old world Wall Street-type money to Silicon Valley. Crypto allows direct investments into technology startups, and tokenization of the actual business transaction mechanism cuts down all the traditional valuation crap dealing with public relations and whatever meta valuation factors. If the business is making sales, then the token is worth something, and that's all that matters. If the business is losing sales, then the token is worth less. Straightforward.
When All The Puzzle Pieces Fit Together
Two more things to note. First: If ETH successfully pulls off scaling through sharding/raiden and drastically reduces gas fees through proof of stake, then it will be fit for enterprise use. ETH's stress tested blockchain with upgrades will facilitate real world adoption (Most of these ERC20 platforms are currently not fit for real adoption due to high gas fees and low TPS). Otherwise, consider hedging into alternative smart contract-, high volume-, low cost-capable platforms with implementation documentation (e.g., Stellar) to potentially get some good gains. Second: A lot of these current crypto exchanges are not registered ATS's (alternative trading systems) that are permitted to trade securities by the SEC, so they can only trade utilities. But SEC is cracking down on these fake-utilities and are deeming them all securities... that's gonna leave these exchanges in the dust. So we're seeing big companies entering this space, Overstock building tZero, Circle/Goldman Sachs acquiring Polo, Cobinhood, etc. They are prepping for ATS compliance, and when legal tokenized securities become tradeable, they will be traded on these platforms... not hot messes like Binance. And they will be user friendly -- gateways for mainstream to invest directly in the tokenized assets of a company's core business model. It's all culminating to the survival of legit companies, mainstream adoption, and these are your clues. Enjoy trading shitcoins while they last, but don't get caught with your pants down bagholding them.
Rant over.
TL;DR Look for coins based on fundamentals and legal compliance so they will survive the massive culling in late 2018 when roadmaps don't meet milestone deadlines
Edit: Grammar, and Readability
submitted by slickguy to CryptoCurrency [link] [comments]

A Spy in the House of Byrne—The Ledger

_(This week’s Ledger newsletter is by David Z. Morris)_The crypto industry can be roughly divided into two groups. On the one hand, there are “crypto native” companies creating new things from scratch (think Binance or Brave). On the other hand are existing operations trying to use blockchain tech to get a further edge (think ICE’s Bakkt or Facebook’s Libra).
And then there was Patrick Byrne, who had a foot in both worlds—sometimes uncomfortably.
The CEO for two decades of e-commerce pioneer Overstock.com, Byrne became a vocal crypto proponent around five years ago, and has worked since then to position the company as a blockchain leader. Overstock was the first major online retailer to take payments in Bitcoin, starting in early 2014. The same year, Byrne began work on “tzero,” a blockchain-based alternative to traditional securities exchanges. Then he founded Medici Ventures, a venture fund and incubator that houses 18 blockchain startups within Overstock.
And now, it appears, he’s gone. Byrne resigned suddenly as CEO of Overstock last Thursday, after mounting controversy surrounding his past romantic relationship with alleged Russian agent Maria Butina. Butina is now serving an 18 month prison sentence for conspiring to promote Russian interests through conservative U.S. political groups.
Byrne’s statements on the matter have been vague and conspiratorial, including references to the “Deep State” and “Men in Black” who Byrne says drew him into “certain government matters.” He subsequently made detailed claims that the FBI directly encouraged his relationship with Butina circa 2016 as part of an investigation into Russian activities (claims dismissed by then-FBI director James Comey). Byrne says he’s resigning because these entanglements “may affect and complicate all manner of business relationships,” and that he’ll be “disappearing for some time.”
This is the sort of weirdness you’d expect from the wild-west world of crypto-natives, not a public company valued at more than $1 billion as recently as a year ago. But Byrne was known as a bit of a loose cannon well before Bitcoin was invented, most notably for his aggressive (and also frequently conspiratorial) campaign against naked short sellers. (You can read _Fortune’s_coverage of those battles here.)
This very enjoyable profile from Forbes dives into Byrne’s privileged and unconventional background—he has a PhD in philosophy from Stanford, and is apparently close friends with Warren Buffet through Byrne’s father. It also paints Byrne as easily distractable, and Overstock’s blockchain ventures as a boondoggle that’s destroying a once-profitable company.
The boondoggle part might wind up coming true, but if Overstock’s blockchain efforts are a risky bet, they’re anything but a lark. I spent some time at the company’s headquarters in Salt Lake City this past spring, and with Medici, Byrne has built a team that’s both technically savvy and fairly unified in its deeply-held crypto-native worldview. Most notably, Medici is a hotbed of thoughtful skepticism towards government, with managers and coders ranging from left-wing anarchists to free-market libertarians. There are even signs that Overstock’s presence is helping turn Salt Lake City into a blockchain hub with its own unique feel—for instance, the Off Chain conference there caters to the overlap between crypto, firearms, and “prepping.”
Byrne himself often described his worldview in libertarian terms, and he’ll be succeeded by Jonathan Johnson, who shares much of Byrne’s outlook on both politics and blockchain. Johnson is currently head of the Medici unit, and he’ll shoulder Byrne’s CEO duties on an interim basis. He’s a steady, composed counterpoint to Byrne’s swashbuckling verve, as well as a thoughtful strategist. Most significantly, his rise to the head job, even if temporary, signals that Overstock intends to stick with its blockchain bets.
The question now is whether some of those bets hit before Overstock’s retail revenues fade.
One final note: We’re running lean here at The Ledger this month, in part because Jeff Roberts is on book leave (look for his cryptocurrency magnum opus from Audible soon). That’s why they handed the reins over to me, the new guy. I recently joined the Fortune team from BreakerMag, a now defunct but much-loved blockchain-focused publication. In addition to reporting on the world of digital assets and decentralized technologies, I’ll be writing about A.I., Tesla, and other techie matters. I’ll also be authoring this newsletter every once in a while—hopefully, from here on out, with a header that actually has my name on it. Glad to know you.
David Z. Morris |@davidzmorris| [email protected]
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

How does the Blockchain Technology Change the Finance?

01 Through Cross-Border Payment , New Asset Types and other Regulatory Compliance Many large banks, central banks, financial institutions, idea banks, inquiry companies and the futurology reasearch laboratory of government committee all raise their questions on this issue.
R3CEV, an organization which is composed of the large banks in the globe, is trying to make explanation on this issue. The Goldman Sachs, McKinsey and Consumers’ Research had been put forward fabulous reports based on this issue, while the UK government, the US senate, Canada, Australia and European Union also carry out related surveys on it.
Many startup companies has made the white paper for the innovation and application of blockchain technologies, among which will mention a larger social issue, “How does this technology change the society?”
Plenty of studies underline the following four major changed fields:
02 The Infrastructure of Cross-Border Transactions
As we all know, the digital revolution has changed the media thoroughly, which will also have influence on the financial industry to some degree. Besides, the financial organizations had been used the computer long before. From 1970s to 1980s, they set the computer as their databases, take advantage of the computer to create the website interface in 1990s and shift their focus on developing the mobile App in 21rst century. However, the digital revolution has little influence on the cross-border transaction. The West Union still remains big problems, since it uses the same business to operation related programs. Like the easy operation of cross-border remittance, the bank still use the complicated infrastructure to operate it.
The information chart below is provided by Richard Gendal Brown, it displays the development of cross-border business infrastructure and intermediary organs from 1970s till now. This structure is the outcome caused by the financial industry applying the high-security protection system on private database.
The Blockchain technology is to construct the direct relation between the financial institutions and does not need the correspondent banking any more. The main product of R3 aims at deal with the business of correspondent banking. Corda is consisted of two vocabulary “accord” and cord. In the case of Corda, the circle is composed by the banks which uses the shared account book and those banks use the shared account book to deal with the transactions, agreement and important documents.
Mr. Brown used to work in the IBM’s Blockchain project and then shift to the R3CEV. The competition between financial organizations can use the universal database to track the implement of transactions, liquidation and clearing without involving any central database or management system. In a nutshell, banks will be able to formalize and protect each other’s digital relationships in the way that were previously impossible to implement. In the description mentioned above, it means that the correspondent banking agreements and the Real Time Gross Settlement, RTGS will be replaced. Transactions can be carried out in the P2P smoothly. Ripple, a private link, is used to solve many of these issues.
c As a Classification Digital Asset
Bitcoin has created some special things: digital property. Before the Bitcoin, word “digital” is not rare. Any digitization stuff can be copied through a click button and it can be proved in the musical industry and album sales.
However, bitcoin does something fancy: it create a digital code that can’t be copied. Therefore, since the invention of the bit character, we have the way to copy the number for the first time, which gives the digital code a kind of value. Until now, the value bitcoin is based on the blockchain to prevent the double cost and fake coin. Concerning this point, the creator of blockchain create the coloured coins as company’s shares. The 'color' of these coins represents the ownership information provided by the private encryption key.
After the permission of U.S. Securities and Exchange Commission, SEC, the online retailer giant Overstock declare that Announced that it will publicly issue company shares on its own blockchain platform. We also saw the emergence of “Initial Coin Offering (ICO)” and “appcoins” (the native cryptocurrency of applications used to assist project development financing). This case are part of blockchain digital asset. Blockchain can be considered as the digital asset as well as the market operation itself. Basically, this digital asset can be regarded as the bearer instrument, a extensive and ingenious application.
04 Management and Market
For the regulators, the blockchain can be a completely transparent and suitable recording system. Once coded, they can also be used to authorize transactions that comply with regulatory filings. For example, banks have strict reporting obligations to institutions such as the Financial Crimes Enforcement Network (FinCEN). As long as the bank approves any transaction that exceeds $10,000, it will need to report it to FinCEN, and FinCEN will store the information as an anti-money laundering database.
06 Clearing and settlement
For the paper world transactions, the time frame for clearing and settlement transactions is usually “T+3” - that is, three days after the transaction.
Through blockchain technology, the entire trading cycle—execution, clearing, and settlement—can occur in the same step. Under digital assets, transactions mean settlement, and mastery of encryption keys and digital ownership, which can reduce post-trade latency and counterparty risk of the other party's non-compliance.
07 Accounting and auditing
Although most databases are snapshots at a certain point in time, the blockchain database is constructed based on its own transaction history. They are a database with context, history, and independent records. This has far-reaching implications for accounting and auditing.
submitted by DigiEx-1 to BlockChain_info [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
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. Preev is a useful site that 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 third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
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. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
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.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is 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.

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.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

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, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
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 and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

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:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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]

Why I Think Wanchain Is An Incredible Long-term Investment

DISCLAIMER: I am in no way associated with the Wanchain team. Neither am I a financial advisor, nor is this meant to be financial advice. Whatever follows, just reflects my understanding of the project, and my personal opinion on its future outlook.
The objective of this post is to lay out, in simple terms, what Wanchain is, and why I think Wanchain’s native coin, Wancoin, could be one of the best cryptocurrencies to hold, not just through the coming months, but years.
So, let’s dive into it!
WHAT IS WANCHAIN?
Wanchain’s vision is rebuilding financial services. Wanchain is a global financial platform that connects, and exchanges value between different blockchains. Simply put, Wanchain is a ‘decentralized’ version of traditional banks in the current and future financial landscape.
WHY DO WE NEED WANCHAIN?
We are living in times of a major digital transformation, a time where digital assets are entering the financial ecosystem at an unprecedented rate. As the adoption of digital assets is increasing, we are witnessing an appreciation in the value of these assets. This necessitates the existence of a ‘digital bridge’ to transfer value, in the form of digital currencies and/or assets, between different blockchains.
HOW IS WANCHAIN ACHIEVING THIS?
Wanchain’s distributed ledger allows:
WHY I THINK WANCHAIN COULD BE ONE OF THE BEST LONG-TERM HOLDS IN THE COMING YEARS?
To put it in a few words, Wanchain is a very ambitious and potentially disruptive project, aiming to become a super financial market of the world. The project has some of the brightest minds in the business working behind it. Wanchain is solving a real world problem and has an immensely vital use case. I have complete confidence that Wanchain could easily be one of the top 15 cryptocurrencies by market cap by the end of 2018, and it would continue to grow even beyond that. Therefore, I believe holding Wancoins would be a great long-term investment.
Full disclosure: I am invested in Wanchain for the long-term, and I plan to buy more when Wancoin trading goes live.
Hackernoon blog post: https://hackernoon.com/why-i-think-wanchain-is-an-incredible-long-term-investment-86b9d0d6eb6c
submitted by nabeelmalik to wanchain [link] [comments]

What CEOs, Bankers, and Tech Execs Think About a Coming Recession

When the next recession inevitably strikes, how bad will it be?
That was one of the questions we posed to CEOs, bankers, and tech executives on the sidelines of Fortune’sBrainstorm Finance conference in Montauk, N.Y., in mid-June. The query provoked responses ranging from fears of a cataclysmic collapse to calm dismissal of any economic angst.
As the U.S. economy cautiously cheers on 10 years of growth, the longest period of expansion in American history, people are increasingly asking when the boom-times will come to an end. Recent signs of a potential slowdown—the national output of goods and services grew 2.1% last quarter, down from 3.1% in the first quarter, per the Commerce Department—has also raised investors’ unease.
Several CEOs cited global trade issues as a factor contributing to a possible, eventual meltdown. Hikmet Ersek, CEO of Western Union, said that the protectionist political environment, as manifested in trade conflicts under President Donald Trump, is “bad for business.” He noted that “when goods move jobs are created, and when money moves jobs are created,” and he said that policies encouraging such mobility “will definitely hinder recession.”
Greg Becker, CEO of Silicon Valley Bank, echoed Ersek in pinpointing trade issues and a concomitant slowdown in global growth as root causes of an eventual downturn. He described the next recession as likely to be “a self-inflicted wound.”
“It’ll be a perception-created recession,” Becker said. As more people fear an economic pullback, they will “pause spending” and thus, ironically, create the recession they feared, he said.
The possibility of a recession was clearly on people’s minds at Fortune’s financial summit. “We’re all talking about it,” said Lisa Marchese, head of corporate development at American Express. Despite the glum chatter, Marchese remained optimistic that companies and governments have been thinking through “proactive strategies for how to manage in a downturn, as opposed to reactive” ones.
“I think we’re a smarter world for having been through 2008, 2009,” when the last major economic downturn struck, Marchese said. That crisis, generally regarded as the worst economic slump since the Great Depression, precipitated when a housing bubble fueled by subprime mortgages went bust.
Harit Talwar, head of consumer banking at Goldman Sachs, agreed that Wall Street will be better prepared this time around versus a decade ago when many banks needed bailing out to the tune of hundreds of billions of federal dollars. “I do think that the banking industry has more capital—is more well-positioned—today than, perhaps, it has been earlier,” he said.
Marie Wieck, general manager of IBM’s blockchain program, which sells software that tracks food, money, and other assets on so-called distributed ledgers, emphasized how newly developed technologies could counter a downturn. “We are better equipped with A.I. and blockchain and other mechanisms that can actually help us detect volatility more quickly and actually react to it,” she said. Such new technologies can help “detect and prevent—dampen—some of the impacts” on the market, she said.
But not everyone’s vision of the future was so rosy. Patrick Byrne, CEO of online retailer Overstock.com, sounded an ominous note for the years ahead. “I think it will be bad,” he said. “To be honest, I think that ’08 was the hors d’oeuvres course.”
Bryne, a longtime cryptocurrency enthusiast, compared what he expects will happen to the economy to what might happen to a bridge overloaded with too many vehicles. “It’s a little bit like asking me there’s a bridge that was designed to hold 20 cars passing over it at a time and there’s now 100 going over it,” Byrne said. “When’s it going to break? When’s it going to collapse? That’s really your answer.”
“I’m kind of shocked it’s gone on this long,” Byrne continued. “I think that we have deep, deep, structural, architectonic level problems in our economy that will surface.”
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Cryptocurrency and Blockchain – Industry News – (06.21.19 – 06.28.19)

Total Market Cap, as of 06.28.19 at 12:00pm (PST): $338,763,908,761 (+11.29%)

Missed last week’s update? Click here

STORY OF THE WEEK

• On June 26th, 2019 at 20:45 UTC, Coinbase was hit with an outage amidst high volatility. The platform was rendered inaccessible on mobile and desktop browsers until 9:17 UTC where it was back to being operational. During this time, the price of Bitcoin experienced a downturn and users could not have access to there funds store in Coinbase wallets.

CRYPTOCURRENCY TRADING SERVICES

Huobi Global aims to expand operations to service Turkish users. By the end of 2019, the exchange plans to offer a crypto-to-fiat onramp, localized products and dedicated customer service.
Bitfinex launches margin derivatives trading for cryptocurrencies. Qualified Bitfinex account holders will be able to trade a new hedging product through a derivatives wallet, utilizing USDt-based collateral and up to 100x leverage.
• Indian based crypto exchange Koinex ceases operations over regulatory challenges. The exchange plans to refund frozen deposits to bank accounts over the next 5 weeks. Users are asked to empty their cryptocurrency wallets by July 15th, 2019.
• Irish cryptocurrency exchange Bitsane suspected of an exit scam worth millions in euros. The platform went offline on June 17, 2019 and its Twitter and Facebook accounts have since been deleted.
• Singaporean exchange Bitrue gets hacked, losing 9.3 million Ripple (XRP) and 2.5 million Cardano (ADA) extracted from its hot wallets.

REGULATION

• The CFTC has approved bitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts. On June 25th, 2019 LedgerX received a designated contract market licence DCM) which allows them to offer the new futures contracts.
• The Europol arrested six individuals arrested over a “typo squatting” scam where a well-known cryptocurrency exchange (unnamed) was cloned in order to attain access to unsuspecting victim’s cryptocurrency wallets.
• The government of Iran puts pressure on power grids and forcing officials to cut off supplies to cryptocurrency mining farms. The Iran Power Ministry is considering enforcing a tariff on miners and over 1,000 bitcoin miners have already been seized from two mining farms.

TECHNOLOGY

Opera releases “Opera Touch”, a browser with a built-in crypto wallet. This lets user interact seamlessly with dApps built on the Ethereum blockchain and supports all ERC-20 tokens, stablecoins and non-fungible tokens (NFTs).
Overstock’s tZero launches a digital wallet and exchange app for cryptocurrencies on IOS. The new app, dubbed “tZero Crypto” claims to be hack-resistant for trading and storing cryptocurrencies. Initially, the application will support Bitcoin (BTC) and Ethereum (ETH).

INSTITUTIONALIZATION

Apex Crypto – a subsidiary of Apex Clearing, a SEC-registered financial clearing and execution company have launched a trading platform for broker-dealers and financial advisors. The platform will support trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH) and Litecoin (LTC). PEOPLE
• Cryptocurrency exchange Gemini hires five former employees of Coinbase whom was working on an individual focused cryptocurrency trading solution which has since shut down as of April 2019. The new hires will be focused on the exchange’s professional trading platform and custody solution.

TWITTER

@hodlonaut – “New Bitcoin hashrate ATH yesterday. The network is now secured by more than 57 quintillion sha256 hashes every second. The magnitude of this is hard to grasp. Never before has wealth been stored with such security. This drives BTC price. Which drives hashrate. Bitcoin won.” 🚀
@TimDraper – “Would you switch airlines to get rewarded in bitcoin rather than airline miles?”
@ErikVoorhees – “Keep buying bitcoin until CNBC says to buy it.”
submitted by Edmund_N to CryptoMarkets [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Additional Bitcoin statistics can be found here. Developer resources can be found here and here. Peer-reviewed research papers can be found here and here. And of course, the whitepaper that started it all :)

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 transfer. Some of the more popular resources are below, more can be found here.
Here is a listing of local ATMs. Also, Lawnmower is also a handy way to make small recurring purchases of bitcoin. If you would like your paycheck auotmatically converted to bitcoin use Cashila or Bitwage.
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 third party companies aka "bitcoin banks" which will hold the bitcoins for you.
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. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

Comprehensive lists can be found at the Trade FAQ or The Bitcoin Directory, some more commons ones are below.
Store Product
Steam, Disco Melee, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch and BazaarBay Retail shopping with millions of results
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
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LRoS, Wagepoint, Hyphen.to Bill payment
Foodler and Takeaway Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege and 9flats For when you need to get away
BoltVM VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is 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.

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)

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, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
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 and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

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.

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:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below 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]

A Blockchain Future with Overstock CEO Jonathan Johnson Blockchain in Business: Overstock and TZero - Patrick Bryne Overstock.com's CEO Wants To Undermine Wall Street With The Tech Behind Bitcoin (HBO) Explained Bitcoin, Cryptocurrency and Blockchain Technology & Twitter hack  Marathi  Dheera Overstock CEO And Bitcoin Pioneer Explains His Long-Standing Crypto Play And His Philosophy On Life

Online retailer Overstock has said it hopes to sell its e-commerce business by February in order to focus on blockchain. The clock is ticking. CEO Patrick Byrne explains the strategy. Overstock.com, one of the original Bitcoin-believer companies, has had a long and storied history in its evolution with blockchain technology. The company, and it's blockchain subsidiary Medici Overstock turning into bitcoin tech company Byrne said he wants to possibly sell off the retail business and focus on Overstock’s ownership of 10 blockchain companies — the technology News Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain. Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration wit.. Overstock’s blockchain accelerator, Medici Ventures, announced a global expansion of the distributed ledger technology (DLT)-powered agritech platform GrainChain.Medici Ventures published a press release on March 27 announcing that GrainChain’s expansion will be executed in collaboration with fintech company Symbiont — with GrainChain set to transition from HyperLedger Fabric to Symbiont

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A Blockchain Future with Overstock CEO Jonathan Johnson

CEO Of Overstock & Blockchain Technology Plus Vechain IDante & Cyprus Hospital Telegram group = t.me/techtipstogo Twitter = @techtipstogo1 Disclaimer For all viewers & Subscribers Please be ... Blockchain in Business: Overstock and TZero - Patrick Bryne ... Overstock CEO Patrick Byrne announces new financial technology innovations - Duration: ... Overstock's Patrick Byrne on Bitcoin, ... 1 bitcoin can be divided upto 8th decimal 10000000 so you can by less than 1 bitcoin. Companies it allow: mcrosoft, wikipedia, burgerking, kfc, subway, etc Countries it allow: usa, canada, mexico ... Overstock CEO Patrick Byrne sat down with Business Insider's Sara Silverstein to discuss his longstanding belief in cryptos, a revolutionary cryptocurrency called Ravencoin, and his philosophy on ... The premium version of this episode also includes why he first decided to open Overstock.com to accept Bitcoin, his views on the future of bitcoin, and what it was like being the most hated man in ...

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