Bitcoin-Wirtschaft. Alles über Kryptowährung - BitcoinWiki

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin Nachrichten und Informationen auf Deutsch

A subreddit for German Bitcoin news and information.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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This is the example seed on the bitcoin wiki. People keep using it as their wallet 😂😂😂

This is the example seed on the bitcoin wiki. People keep using it as their wallet 😂😂😂 submitted by atrueretard to Bitcoin [link] [comments]

Is there anything legit on this wiki? As i understand it is recommended wiki by this subreddit, but all those things this wiki page reffer to look scammy (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Bitcoins wiki article states that it is "a form of electronic cash" not a store of value

Bitcoins wiki article states that it is submitted by hipnotic23 to btc [link] [comments]

"More on payment channels [https://en.bitcoin.it/wiki/Payment\_channels](https://en.bitcoin.it/wiki/Payment_channels)Sounds like Lightning Network not a long chain of unconfirmed txs...."An unrecorded open transaction can keep..." [-10]

submitted by NegativeWithGoldBot to NegativeWithGold [link] [comments]

"Given that this paper is now peer reviewed and approved: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3265157, It would seem that the 'official' Bitcoin wiki is wrong. Bitcoin Script is Turing Complete. Guess @ProfFaustus was right! Is the selfish mining paper also peer reviewed?"

submitted by cryptorebel to bitcoincashSV [link] [comments]

Luke-jr pushes his crazy on wiki too. Why official wiki says we have, quote: 7,750,54.00 bitcoins? Can someone add it's personal opinion of one (very vocal) guy?

submitted by rafalfreeman to Bitcoin [link] [comments]

Bitcoin answers the Byzantine General’s problem, but could it also answer the [Drake Question](https://en.wikipedia.org/wiki/Drake_equation) too?

Bitcoin answers the Byzantine General’s problem, but could it also answer the Drake Question too?
If we use the Drake Equation to estimate the number of intelligent and technically advanced civilizations on other planets, we are left with a question as to why we have not found alien life. This results in a very frightening conclusion that there must be a Great Filter at some point that acts as an impassable barrier. Often, this is speculated something like a biological filter—such as the jump from one to multicellular organisms, or where a civilization develops the capacity to destroy itself through nuclear warfare and then promptly does so...
But what if the filter is not resource depletion, biological hurdles, or nuclear holocaust, but what if it is instead an economic filter?
We can easily see that government’s grow to whatever size they are allowed to grow by economic reality. That is, governments grow and grow, inefficiently consuming resources and inhibition progress, but eventually they seem to hit a wall and collapse as inflationary pressures build under the economic pressure of poor financial management until people exit that currency in favor of another. In other words, government’s ability to continue grow is limited only by their ability to maintain control over the economy they parasitically leech off of. We can imagine a situation where a failing government that has full control over what currency its underlying economy uses to the point where they could prevent people from switching to another fallback currency, and thus short circuiting the hyperinflation failsafe that keeps government economically constrained from the runaway destruction of resources.
It is fairly clear that the monetary trend before Bitcoin was toward centralization and digitization—e.g. the European countries transitioning to use the Euro. Eventually, this would have resulted in a currency monopoly (as money is a natural monopolistic market), of which some governmental body would have absolute control. In this situation, with no breaker-like failsafe in the form of hyperinflation, it is reasonable to conclude such government would grow and grow until it strangles the underlying economy past the point of what would be hyperinflation failure into what is a more permanent economic death that spirals into a socialist dystopia until there is no productivity left for the parasite to leech off of.
But we have Bitcoin, so that scenario can never happen here on our planet. Perhaps other alien worlds developed a comparable level of technological advancement only to have all of that progress destroyed by some alien version of Karl Marx and authoritarian governments that forced economic control upon their alien worlds through control of whatever centralized currency they used to the point of total annihilation. What if we passed the Great Filter in 2009?
submitted by ztsmart to Bitcoin [link] [comments]

BTC is a Ponzi according to the bitcoin wiki on en.bitcoin.it

Is Bitcoin a Ponzi scheme?
In a Ponzi Scheme, the founders persuade investors that they’ll profit. Bitcoin does not make such a guarantee. There is no central entity, just individuals building an economy.
A ponzi scheme is a zero sum game. Early adopters can only profit at the expense of late adopters. Bitcoin has possible win-win outcomes. Early adopters profit from the rise in value. Late adopters, and indeed, society as a whole, benefit from the usefulness of a stable, fast, inexpensive, and widely accepted p2p currency.
My experience of BTC recently is not fast or inexpensive. 4 days ago I took advantage of the mempool dip to sweep my last BTC wallet (a brainwallet I had set up for my kids, which I've been reluctant to touch). I way over estimated the fee at 100 sats/byte, just to be sure it would be fast. Of course the mempool exploded again and I've now spent over 100 usd in additional miner bribes (in BCH of course) to get it to confirm, so that I can take advantage of the BCH/BTC dip.
This wiki was my first insight into buying bitcoin. I did a lot of research and found that it was completely factual and until 1st Aug 2017 it was a great resource. It is way past time they corrected it by adding a simple word: 'cash'. This would make it accurate again.
submitted by redditchampsys to btc [link] [comments]

TIL Bitcoin Wiki has a page called "Weaknesses" and on it, scalability is listed under "Probably not a problem"

submitted by PixMasterz to Buttcoin [link] [comments]

It would be great if we could get a few people together to build out the (lack of a) Bitcoin Unlimited wiki page.

It would be great if we could get a few people together to build out the (lack of a) Bitcoin Unlimited wiki page. submitted by ESDI2 to btc [link] [comments]

Why is tonal still prominently mentioned in the Bitcoin Wiki? That just make it look stupid.

submitted by TheShadow-btc to Bitcoin [link] [comments]

After seven years in Bitcoin, I have never been more confident that this network is now absolutely unstoppable. Nothing short of an extinction level event can stop Bitcoin from slowly but surely growing as a global, agnostic, alternative network for storing and transferring value.

Back in 2013 when the entire market cap hit $1 Billion for the first time, it was really scary to put a considerable amount of money in BTC. You might like Bitcoin and find it interesting but doubt would still creep up in your mind about its staying power and the fact that one bug could bring it all down. Mt. Gox got hacked, 800,000 BTC stolen, it crashed from $1200 to $190 by 2015, so how do you even believe that 5 years later it would be a sustained $200+ billion market? Yet here we are.
As long as the Bitcoin blockchain is churning out new blocks of unstoppable transactions, that's all that matters. Naysayers don't understand that this is all Bitcoin needs to do: Churn out new blocks every ten minutes. And with every new block, a monumental amount of energy and work is stacked on top of the previous block, and so on, and so forth, making it stronger. At 99.98% uptime for 11 years, it's sticky enough to now last much longer than that. This network will be transferring and storing trillions of dollars within this decade and beyond.
submitted by Godfreee to Bitcoin [link] [comments]

For some reason it has been curiously elusive-- any help? I have searched high, I have searched low. I found the original list of SegWit supporting exchanges and developers on a wiki, but cannot seem to locate an aggregated, updated list. /r/Bitcoin

For some reason it has been curiously elusive-- any help? I have searched high, I have searched low. I found the original list of SegWit supporting exchanges and developers on a wiki, but cannot seem to locate an aggregated, updated list. /Bitcoin submitted by cryptoanalyticabot to cryptoall [link] [comments]

The BitCoin wiki lists 36 "Major, Minor, New, Dead/Dying" coins but Doge is no where to be seen. I guess it hard to see us while they're still on Earth.

List here: https://en.bitcoin.it/wiki/List_of_alternative_cryptocurrencies
submitted by HolyShitHouses to dogecoin [link] [comments]

For some reason it has been curiously elusive-- any help? I have searched high, I have searched low. I found the original list of SegWit supporting exchanges and developers on a wiki, but cannot seem to locate an aggregated, updated list. /r/Bitcoin

For some reason it has been curiously elusive-- any help? I have searched high, I have searched low. I found the original list of SegWit supporting exchanges and developers on a wiki, but cannot seem to locate an aggregated, updated list. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[SFYL?] [INSTANT CONFIRMATIONS!] Butter has to wait over 24 hours for the butts from his Bitcoin ATM to confirm. The reason? Instead of outputting $100 bills the ATM output 15 $100's and a nickel. The nickel takes longer to confirm because blockchains, or something. I'm sure it's in the wiki...

[SFYL?] [INSTANT CONFIRMATIONS!] Butter has to wait over 24 hours for the butts from his Bitcoin ATM to confirm. The reason? Instead of outputting $100 bills the ATM output 15 $100's and a nickel. The nickel takes longer to confirm because blockchains, or something. I'm sure it's in the wiki... submitted by infinitechan to Buttcoin [link] [comments]

Marathon Buys More Antminers to Become Top US Bitcoin Miner

Marathon Buys More Antminers to Become Top US Bitcoin Miner submitted by asshole_cookies to CryptoCurrency [link] [comments]

You probably didn't know: bitcoin.it wiki is run by Gox's Karpeles

Just a small thing you probably didn't know: bitcoin wiki is being run by Mark Karpeles. The same guy that runs Mt.Gox that everybody hates right now.
semi-proofs:
https://en.bitcoin.it/wiki/Bitcoin.it_Wiki
https://en.bitcoin.it/wiki/User:MagicalTux
https://en.bitcoin.it/w/index.php?title=Special:ListUsers&group=sysop
http://whois.net/whois/bitcoin.it
https://bitcointalk.org/index.php?action=profile;u%3D2134
submitted by karelb to Bitcoin [link] [comments]

Cannot download bitcoin.it wiki database dumps /r/Bitcoin

Cannot download bitcoin.it wiki database dumps /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[Round 38320] Give me the name of this bridge, the cost in bitcoin to construct it, and the names of the bridges pictured on the designer's wiki page.

[Round 38320] Give me the name of this bridge, the cost in bitcoin to construct it, and the names of the bridges pictured on the designer's wiki page. submitted by AirplaneReference to PictureGame [link] [comments]

Putting $400M of Bitcoin on your company balance sheet

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

Is Bitcoin money?

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

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

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

Currencies are based on trust

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

BTC is not gold

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

BTC is really risky

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

Blockchain solutions are fundamentally inefficient

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

Discussion of BitcoinXT doesn't seem to be allowed on the wiki at Bitcoin.it, but I would love to have information about it included on wiki.bitcoin.com

Discussion of BitcoinXT doesn't seem to be allowed on the wiki at Bitcoin.it, but I would love to have information about it included on wiki.bitcoin.com submitted by MemoryDealers to bitcoinxt [link] [comments]

Bitcoins Erklärung: In nur 12 Min. Bitcoin verstehen ... What is Bitcoin ?  How Bitcoin Work in Details (HINDI ... Bitcoin‘s Plummet Pattern: Is it Happening AGAIN?! - YouTube Andreas Popp: Was steckt hinter der Bitcoin-Hysterie ... Bitcoin erklärt: Lohnt er sich als Geldanlage? - YouTube

Bitcoin (inoffizielle Abkürzung BTC) ist ein Open-Source-Softwareprojekt für die gleichnamige digitale Währung auf Peer-to-Peer (P2P) Basis, das 2009 von Satoshi Nakamoto ins Leben gerufen wurde. Über sogenannte Bitcoin-Adressen kann Geld anonym von einer Wallet-Datei (engl. Geldbörse) bzw. einem speziellen Service über das Netzwerk an andere Adressen überwiesen werden. Im Gegensatz zu ... Bitcoin-Kioske sind mit dem Internet verbundene Maschinen, die das Einfügen von Bargeld gegen Bitcoins ermöglichen. Bitcoin-Kioske stellen keine Verbindung zu einer Bank her und erheben möglicherweise Transaktionsgebühren in Höhe von bis zu 7% und Wechselkurse von USD 50 gegenüber anderen Standorten. Bitcoin verwendet eine verteilte öffentliche universelle Datenverzeichnis, die über ein dezentralisiertes Peer-to-Peer-Netzwerk verbreitet wird. Das Netzwerk verwendet digitale Signaturen und wird von einem proof-of-Work-Protokoll (einem Protokoll für den Arbeitsnachweis) unterstützt, um die Sicherheit und Legitimität der verwendeten Gelder zu gewährleisten. From Bitcoin Wiki. Jump to: navigation, search. Welcome to the Bitcoin Wiki, for all your Bitcoin information needs. 1,270 pages. Established April 14, 2010. This wiki is maintained by the Bitcoin community. Bitcoin.org: Forums: Chatrooms: Bitcoin; Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to ... Bitcoin ist eine dezentralisierte Krypto-Währung erfunden durch den Programmierer Satoshi Nakamoto, welcher auch den Original Bitcoin Client erschuf. Es erlaubt anonymen und sicheren Besitz von Bitcoins, ohne auf einen zentralen Server angewiesen zu sein um Transaktionen durchführen zu können oder ein "Konto" aufzubewahren.

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Bitcoins Erklärung: In nur 12 Min. Bitcoin verstehen ...

Gier frisst Hirn. Diese einfache Erkenntnis ist nicht neu. Denken wir nur an die börseneuphorische dot.com-Blase, die sich vor knapp 20 Jahren weltweit aufba... This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we wil... Link zum Youtube-Kanal von Alexander Mittermeier "Krypto Report": https://www.youtube.com/channel/UCAMKXUMs-HS1e49hDKxHBXw TIPP: Sichere Dir wöchentlich ... Bitcoin für Anfänger einfach erklärt! [auf Deutsch] Bitcoin-Börse (erhalte 10€ in BTC) https://finanzfluss.de/go/bitcoin-boerse *📱 Sicheres Bitcoin-Wallet... It's over, the bitcoin and crypto markets are finished, panic has taken control of the markets, today's price explained! 👨‍🎓 CRYPTOCURRENCY EXPLAINED BEGINNE...

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