http://bit.ly/1N5sBzM
Submitted April 29, 2016 at 09:01AM by eragmus http://bit.ly/1TzPXgi
Friday, 29 April 2016
April 21, 2016: "9. Recognises that persons seeking wealth preservation may use independent currencies such as Bitcoin at times of depressed interest rates or as a safe harbour during times of economic instability" (EU Parliament: Committee on Internal Market & Consumer Protection)
Bill Clinton receives a bitcoin!
https://twitter.com/MatthewRoszak/status/725841689429053440
Submitted April 29, 2016 at 09:40AM by thallium205 http://bit.ly/26zeqJI
Submitted April 29, 2016 at 09:40AM by thallium205 http://bit.ly/26zeqJI
What are the impacts of Segwits 75% fee discount?
I'm quite concerned about Segwits 75% fee discount because it's complicated to understand the impacts. The impacts I am reading about seem to be quite fundamental changes and therefore very risky from my view. Please help if you can comment or provide further links for reading.I've looked here:http://bit.ly/1SCP4kI "It should be noted that although spending more inputs makes the UTXO set smaller in size, it also associates some outputs (addresses) as likely being owned by the same user. So there is a privacy/cost trade off for the user. "http://bit.ly/1nl8vFB"This is expected to encourage users to favor the use of transactions that minimize impact on the UTXO set in order to minimize fees, and to encourage developers to design smart contracts and new features in a way that will also minimize the impact on the UTXO set."http://bit.ly/1OF8Bik"Each byte of the witness part of a segregated witness (segwit) transaction will only count as 0.25 bytes towards the size of the transaction. Since transaction fees are based on the size of a transaction, this is effectively a 75% discount on fees for that part of a transaction—but only for people who use segwit."http://bit.ly/1WWINFQ: "If you have hardware or software that can't produce segwit transactions you will pay higher fees than somebody with newer hardware or software."http://bit.ly/1T9ssre: "I think the 0.25x byte discounting in SegWit is effectively a subsidy for projects like Lightning and sidechains. Those projects have more complicated signature scripts than typical transactions, so they benefit more from the signature script discount. I don't like that. Lightning and sidechains should compete with on-chain transactions on their merits, not on their subsidies."http://bit.ly/1WWINFR: "> What is the rationale for offering a discount?UTXO set space is significantly more expensive for the network as all full nodes must keep the entire UTXO set. Additionally, transaction input/output data in general is argued by some to be less expensive than signatures, as you have more options with regard to skipping validation of signatures (e.g. how Bitcoin Core skips validation of signatures prior to checkpoints)."Questions:1) Are there other existing services or txs types that will be impacted?2) Will zero confirmation txs or RBF txs be impacted?3) Don't Coinjoin txs have a larger UTXO... so will this impact Coinjoin txs fees?4) Will old standard non-segwit txs be more expensive than standard segwit txs?5) If the 75% constant turns out to be the wrong number is it easy to change or could it cause further infighting within the community?6) Can anybody express the economic impacts of the above if any or other impacts they expect as a result?Thanks in advance. via /r/Bitcoin http://bit.ly/1SCP5oT
The Reasons Behind Bitcoin's Continued Rise
http://bit.ly/24mnWh9
Submitted April 28, 2016 at 08:23PM by vlarocca http://bit.ly/1SSBajM
Submitted April 28, 2016 at 08:23PM by vlarocca http://bit.ly/1SSBajM
OpenBazaar wants to change the way you shop online
http://bit.ly/26zU8Qa via /r/Bitcoin http://bit.ly/1NZpcxg
Who is 1FXqE2ixnnSB1kvwbMtWma5xQ2bVbkSq3f
Check out this wallet (see on blockchain.info link below): http://bit.ly/1Ul8n6B balance: 5622 BTC Total Received: 1,885,514 BTCOnly during the last 12 hours this address has received about 2800 BTC.As seen on this chart generated by chainalysis.com http://bit.ly/1NZnz2T address has connections to mmmglobal that seems to be a big scam http://bit.ly/1jMztEn via /r/Bitcoin http://bit.ly/1WWDfLq
April 21, 2016: "9. Recognises that persons seeking wealth preservation may use independent currencies such as Bitcoin at times of depressed interest rates or as a safe harbour during times of economic instability" (EU Parliament: Committee on Internal Market & Consumer Protection)
http://bit.ly/1N5sBzM via /r/Bitcoin http://bit.ly/1TzPXgi
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