Bitcoin Price Chart (BTC) Coinbase

Request Network is partnering with the Wikimedia Foundation, the first ERC-20 to be supported $DGX, $DAI, $KNC, $OMG and $REQ, #Bitcoin $BTC support, and WooCommerce plugin

Request Network is partnering with the Wikimedia Foundation, the first ERC-20 to be supported $DGX, $DAI, $KNC, $OMG and $REQ, #Bitcoin $BTC support, and WooCommerce plugin submitted by moonbaebee to kybernetwork [link] [comments]

Meni Rosenfeld delivers ~8 BTC pledged for getting wikipedia to accept Bitcoin to wikimedia foundation.

This is what he said on bitcointalk
I see there are no objections so I'll go ahead now.
Receipt: https://coinbase.com/orders/57da4b59c0b6250f4496a88d8f4b5024/receipt Transaction: https://blockchain.info/tx/d0aac50742521ecf418038d2d09323ebeb955384f3397011429f1d1af10e12b9
Thank you to everyone who has donated!
submitted by moleccc to Bitcoin [link] [comments]

Wikipedia / Wikimedia still owned by Bitcoin Core (...reasons...) sadly. /r/btc

Wikipedia / Wikimedia still owned by Bitcoin Core (...reasons...) sadly. /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Did you know Wikipedia allow bitcoin donations ? But you've got to search for it

submitted by braitacc to Bitcoin [link] [comments]

Wikipedia accepting BTC for donations!

Wikipedia accepting BTC for donations! submitted by Morescratch to Bitcoin [link] [comments]

Subreddit Stats: btc top posts from 2019-01-06 to 2020-01-05 11:19 PDT

Period: 363.85 days
Submissions Comments
Total 1000 86748
Rate (per day) 2.75 237.19
Unique Redditors 317 7747
Combined Score 194633 356658

Top Submitters' Top Submissions

  1. 31014 points, 162 submissions: Egon_1
    1. Vitalik Buterin to Core Maxi: “ok bitcoiner” .... (515 points, 206 comments)
    2. These men are serving life without parole in max security prison for nonviolent drug offenses. They helped me through a difficult time in a very dark place. I hope 2019 was their last year locked away from their loved ones. FreeRoss.org/lifers/ Happy New Year. (502 points, 237 comments)
    3. "It’s official Burger King just accepted Bitcoin Cash and GoC token as a payment option in Slovenia." (423 points, 112 comments)
    4. "HOLY SATOSHI! 😱😱 I did it! A smart card that produces valid BitcoinCash signatures. Who would love to pay with a card—to a phone?? Tap took less than a second!👟..." (368 points, 105 comments)
    5. Chrome 'Has Become Surveillance Software. It's Time to Switch' -> Brave to support BCH! (330 points, 97 comments)
    6. Gavin Andresen (2017): "Running a network near 100% capacity is irresponsible engineering... " (316 points, 117 comments)
    7. "Evidently @github has banned all the Iranian users without an ability for them to download their repositories. A service like Github must be a public good and must not be controlled by a centralized entity. Another great example of why we as a society need to make web3 a reality" (314 points, 117 comments)
    8. Roger Ver: "Bitcoin Cash acceptance is coming to thousands of physical shops in Korea" (313 points, 120 comments)
    9. Paul Sztorc: “Will people really spend $70-$700 to open/modify a lightning channel when there's an Altcoin down the street which will process a (USD-denominated) payment for $0.05 ? Many people seem to think yes but honestly I just don't get it” (306 points, 225 comments)
    10. Food For Thought (303 points, 105 comments)
  2. 29021 points, 157 submissions: MemoryDealers
    1. Bitcoin Cash is Lightning Fast! (No editing needed) (436 points, 616 comments)
    2. Brains..... (423 points, 94 comments)
    3. Meanwhile in Hong Kong (409 points, 77 comments)
    4. Ross Ulbricht has served 6 years in federal prison. (382 points, 156 comments)
    5. Just another day at the Bitcoin Cash accepting super market in Slovenia. (369 points, 183 comments)
    6. Why I'm not a fan of the SV community: My recent bill for defending their frivolous lawsuit against open source software developers. (369 points, 207 comments)
    7. History Reminder: (354 points, 245 comments)
    8. It's more decentralized this way. (341 points, 177 comments)
    9. The new Bitcoin Cash wallet is so fast!!!!! (327 points, 197 comments)
    10. The IRS wants to subpoena Apple and Google to see if you have downloaded crypto currency apps. (324 points, 178 comments)
  3. 6909 points, 37 submissions: BitcoinXio
    1. Tim Pool on Twitter: “How the fuck are people justifying creating a world like the one's depicted in Fahrenheit 451 and 1984? You realize that censorship and banning information was a key aspect of the dystopian nightmare right?” (435 points, 75 comments)
    2. The creator of the now famous HODL meme says that the HODL term has been corrupted and doesn’t mean what he intended; also mentions that the purpose of Bitcoin is to spend it and that BTC has lost its value proposition. (394 points, 172 comments)
    3. Erik Voorhees on Twitter: “I wonder if you realize that if Bitcoin didn’t work well as a payment system in the early days it likely would not have taken off. Many (most?) people found the concept of instant borderless payments captivating and inspiring. “Just hold this stuff” not sufficient.” (302 points, 66 comments)
    4. Bitfinex caught paying a company to astroturf on social media including Reddit, Twitter, Medium and other platforms (285 points, 86 comments)
    5. WARNING: If you try to use the Lightning Network you are at extremely HIGH RISK of losing funds and is not recommended or safe to do at this time or for the foreseeable future (274 points, 168 comments)
    6. Craig Wright seems to have rage quit Twitter (252 points, 172 comments)
    7. No surprise here: Samson Mow among other BTC maxi trolls harassed people to the point of breakdown (with rape threats, etc) (249 points, 85 comments)
    8. On Twitter: “PSA: The Lightning Network is being heavily data mined right now. Opening channels allows anyone to cluster your wallet and associate your keys with your IP address.” (228 points, 102 comments)
    9. btc is being targeted and attacked, yet again (220 points, 172 comments)
    10. Brian Armstrong CEO of Coinbase using Bitcoin Cash (BCH) to pay for food, video in tweet (219 points, 66 comments)
  4. 6023 points, 34 submissions: money78
    1. BSV in a nutshell... (274 points, 60 comments)
    2. There is something going on with @Bitcoin twitter account: 1/ The URL of the white paper has been changed from bitcoin.com into bitcoin.org! 2/ @Bitcoin has unfollowed all other BCH related accounts. 3/ Most of the posts that refer to "bitcoin cash" have been deleted?!! Is it hacked again?! (269 points, 312 comments)
    3. "Not a huge @rogerkver fan and never really used $BCH. But he wiped up the floor with @ToneVays in Malta, and even if you happen to despise BCH, it’s foolish and shortsighted not to take these criticisms seriously. $BTC is very expensive and very slow." (262 points, 130 comments)
    4. Jonathan Toomim: "At 32 MB, we can handle something like 30% of Venezuela's population using BCH 2x per day. Even if that's all BCH ever achieved, I'd call that a resounding success; that's 9 million people raised out of poverty. Not a bad accomplishment for a hundred thousand internet geeks." (253 points, 170 comments)
    5. Jonathan Toomim: "BCH will not allow block sizes that are large enough to wreak havoc. We do our capacity engineering before lifting the capacity limits. BCH's limit is 32 MB, which the network can handle. BSV does not share this approach, and raises limits before improving actual capacity." (253 points, 255 comments)
    6. What Bitcoin Cash has accomplished so far 💪 (247 points, 55 comments)
    7. Which one is false advertising and misleading people?! Bitcoin.com or Bitcoin.org (232 points, 90 comments)
    8. A message from Lightning Labs: "Don't put more money on lightning than you're willing to lose!" (216 points, 118 comments)
    9. Silk Road’s Ross Ulbricht thanks Bitcoin Cash’s [BCH] Roger Ver for campaigning for his release (211 points, 29 comments)
    10. This account just donated more than $6600 worth of BCH via @tipprbot to multiple organizations! (205 points, 62 comments)
  5. 4514 points, 22 submissions: unstoppable-cash
    1. Reminder: bitcoin mods removed top post: "The rich don't need Bitcoin. The poor do" (436 points, 89 comments)
    2. Peter R. Rizun: "LN User walks into a bank, says "I need a loan..." (371 points, 152 comments)
    3. It was SO simple... Satoshi had the answer to prevent full-blocks back in 2010! (307 points, 150 comments)
    4. REMINDER: "Bitcoin isn't for people that live on less than $2/day" -Samson Mow, CSO of BlockStream (267 points, 98 comments)
    5. "F'g insane... waited 5 hrs and still not 1 confirmation. How does anyone use BTC over BCH BitcoinCash?" (258 points, 222 comments)
    6. Irony:"Ave person won't be running LN routing node" But CORE/BTC said big-blocks bad since everyone can't run their own node (256 points, 161 comments)
    7. BitPay: "The Wikimedia Foundation had been accepting Bitcoin for several years but recently switched pmt processors to BitPay so they can now accept Bitcoin Cash" (249 points, 61 comments)
    8. FreeTrader: "Decentralization is dependent on widespread usage..." (195 points, 57 comments)
    9. The FLIPPENING: Fiat->OPEN Peer-to-Peer Electronic Cash! Naomi Brockwell earning more via BitBacker than Patreon! (193 points, 12 comments)
    10. LN Commentary from a guy that knows a thing or 2 about Bitcoin (Gavin Andresen-LEAD developer after Satoshi left in 2010) (182 points, 80 comments)
  6. 3075 points, 13 submissions: BeijingBitcoins
    1. Last night's BCH & BTC meetups in Tokyo were both at the same restaurant (Two Dogs). We joined forces for this group photo! (410 points, 166 comments)
    2. Chess.com used to accept Bitcoin payments but, like many other businesses, disabled the option. After some DMs with an admin there, I'm pleased to announce that they now accept Bitcoin Cash! (354 points, 62 comments)
    3. WSJ: Bitfinex Used Tether Reserves to Mask Missing $850 Million, Probe Finds (348 points, 191 comments)
    4. Bitcoiners: Then and Now [MEME CONTEST - details in comments] (323 points, 72 comments)
    5. I'd post this to /Bitcoin but they would just remove it right away (also I'm banned) (320 points, 124 comments)
    6. So this is happening at the big protest in Hong Kong right now (270 points, 45 comments)
    7. /Bitcoin mods are censoring posts that explain why BitPay has to charge an additional fee when accepting BTC payments (219 points, 110 comments)
    8. The guy who won this week's MillionaireMakers drawing has received ~$55 in BCH and ~$30 in BTC. It will cost him less than $0.01 to move the BCH, but $6.16 (20%) in fees to move the BTC. (164 points, 100 comments)
    9. The Bitcoin whitepaper was published 11 years ago today. Check out this comic version of the whitepaper, one of the best "ELI5" explanations out there. (153 points, 12 comments)
    10. Two Years™ is the new 18 Months™ (142 points, 113 comments)
  7. 2899 points, 18 submissions: jessquit
    1. Oh, the horror! (271 points, 99 comments)
    2. A few days ago I caught flak for reposting a set of graphs that didn't have their x-axes correctly labeled or scaled. tvand13 made an updated graph with correct labeling and scaling. I am reposting it as I promised. I invite the viewer to draw their own conclusions. (214 points, 195 comments)
    3. Do you think Bitcoin needs to increase the block size? You're in luck! It already did: Bitcoin BCH. Avoid the upcoming controversial BTC block size debate by trading your broken Bitcoin BTC for upgraded Bitcoin BCH now. (209 points, 194 comments)
    4. Master list of evidence regarding Bitcoin's hijacking and takeover by Blockstream (185 points, 113 comments)
    5. PSA: BTC not working so great? Bitcoin upgraded in 2017. The upgraded Bitcoin is called BCH. There's still time to upgrade! (185 points, 192 comments)
    6. Nobody uses Bitcoin Cash (182 points, 88 comments)
    7. Double-spend proofs, SPV fraud proofs, and Cashfusion improvements all on the same day! 🏅 BCH PLS! 🏅 (165 points, 36 comments)
    8. [repost] a reminder on how btc and Bitcoin Cash came to be (150 points, 102 comments)
    9. Holy shit the entire "negative with gold" sub has become a shrine devoted to the guilded astroturfing going on in rbtc (144 points, 194 comments)
    10. This sub is the only sub in all of Reddit that allows truly uncensored discussion of BTC. If it turns out that most of that uncensored discussion is negative, DON'T BLAME US. (143 points, 205 comments)
  8. 2839 points, 13 submissions: SwedishSalsa
    1. With Bitcoin, for the first time in modern history, we have a way to opt out. (356 points, 100 comments)
    2. In this age of rampant censorship and control, this is why I love Bitcoin. (347 points, 126 comments)
    3. The crypto expert (303 points, 29 comments)
    4. Satoshi reply to Mike Hearn, April 2009. Everybody, especially newcomers and r-bitcoin-readers should take a step back and read this. (284 points, 219 comments)
    5. Bitcoin Cash looking good lately. (235 points, 33 comments)
    6. Roger Ver bad (230 points, 61 comments)
    7. History of the BTC scaling debate (186 points, 54 comments)
    8. MFW i read Luke Jr wants to limit BTC blocks to 300k. (183 points, 116 comments)
    9. Meanwhile over at bitcoinsv... (163 points, 139 comments)
    10. Listen people... (155 points, 16 comments)
  9. 2204 points, 10 submissions: increaseblocks
    1. China bans Bitcoin again, and again, and again (426 points, 56 comments)
    2. China bans Bitcoin (again) (292 points, 35 comments)
    3. Bitcoin Cash Network has now been upgraded! (238 points, 67 comments)
    4. So you want small blocks with high fees to validate your own on chain transactions that happen OFF CHAIN? (212 points, 112 comments)
    5. It’s happening - BTC dev Luke jr writing code to Bitcoin BTC codebase to fork to lower the block size to 300kb! (204 points, 127 comments)
    6. Former BTC maximalist admits that maxi's lied cheated and stealed to get SegWit and Lightning (201 points, 135 comments)
    7. Just 18 more months to go! (172 points, 86 comments)
    8. Bitcoin Cash ring - F*CK BANKS (167 points, 51 comments)
    9. LTC Foundation chat leaked: no evidence of development, lack of transparency (155 points, 83 comments)
    10. A single person controls nearly half of all the Lightning Network’s capacity (137 points, 109 comments)
  10. 2138 points, 12 submissions: JonyRotten
    1. 'Craig Is a Liar' – Early Adopter Proves Ownership of Bitcoin Address Claimed by Craig Wright (309 points, 165 comments)
    2. 200,000 People Have Signed Ross Ulbricht's Clemency Petition (236 points, 102 comments)
    3. Street Artist Hides $1,000 in BTC Inside a Mural Depicting Paris Protests (236 points, 56 comments)
    4. Craig Wright Ordered to Produce a List of Early Bitcoin Addresses in Kleiman Lawsuit (189 points, 66 comments)
    5. Ross Ulbricht Clemency Petition Gathers 250,000 Signatures (163 points, 24 comments)
    6. Ross Ulbricht Letter Questions the Wisdom of Imprisoning Non-Violent Offenders (160 points, 50 comments)
    7. Expert Witness in Satoshi Case Claims Dr Wright's Documents Were Doctored (155 points, 44 comments)
    8. California City Official Uses Bitcoin Cash to Purchase Cannabis (151 points, 36 comments)
    9. Money Transmitter License Not Required for Crypto Businesses in Pennsylvania (141 points, 9 comments)
    10. McAfee to Launch Decentralized Token Exchange With No Restrictions (137 points, 35 comments)

Top Commenters

  1. jessquit (16708 points, 2083 comments)
  2. Ant-n (7878 points, 1517 comments)
  3. MemoryDealers (7366 points, 360 comments)
  4. Egon_1 (6205 points, 1001 comments)
  5. 500239 (5745 points, 735 comments)
  6. BitcoinXio (4640 points, 311 comments)
  7. LovelyDay (4353 points, 457 comments)
  8. chainxor (4293 points, 505 comments)
  9. MobTwo (3420 points, 174 comments)
  10. ShadowOfHarbringer (3388 points, 478 comments)

Top Submissions

  1. The perfect crypto t-shirt by Korben (742 points, 68 comments)
  2. The future of Libra Coin by themadscientistt (722 points, 87 comments)
  3. when you become a crypto trader... by forberniesnow (675 points, 54 comments)
  4. A Reminder Why You Shouldn’t Use Google. by InMyDayTVwasBooks (637 points, 209 comments)
  5. Imagine if in 2000 Apple just sat around all day shit-talking Microsoft. Apple would have never gone anywhere. Apple succeeded because they learned from their mistakes, improved, and got better. BCH should do the same. by guyfawkesfp (552 points, 255 comments)
  6. Bitcoin made The Simpsons intro! Sorry for the potato quality by Johans_wilgat (521 points, 44 comments)
  7. Vitalik Buterin to Core Maxi: “ok bitcoiner” .... by Egon_1 (515 points, 206 comments)
  8. Can't stop won't stop by Greentoboggan (514 points, 78 comments)
  9. These men are serving life without parole in max security prison for nonviolent drug offenses. They helped me through a difficult time in a very dark place. I hope 2019 was their last year locked away from their loved ones. FreeRoss.org/lifers/ Happy New Year. by Egon_1 (502 points, 237 comments)
  10. Blockchain? by unesgt (479 points, 103 comments)

Top Comments

  1. 211 points: fireduck's comment in John Mcafee on the run from IRS Tax Evasion charges, running 2020 Presidential Campaign from Venezuela in Exile
  2. 203 points: WalterRothbard's comment in I am a Bitcoin supporter and developer, and I'm starting to think that Bitcoin Cash could be better, but I have some concerns, is anyone willing to discuss them?
  3. 179 points: Chris_Pacia's comment in The BSV chain has just experienced a 6-block reorg
  4. 163 points: YourBodyIsBCHn's comment in I made this account specifically to tip in nsfw/gonewild subreddits
  5. 161 points: BeijingBitcoins's comment in Last night's BCH & BTC meetups in Tokyo were both at the same restaurant (Two Dogs). We joined forces for this group photo!
  6. 156 points: hawks5999's comment in You can’t make this stuff up. This is how BTC supporters actually think. From bitcoin: “What you can do to make BTC better: check twice if you really need to use it!” 🤦🏻‍♂️
  7. 155 points: lowstrife's comment in Steve Wozniak Sold His Bitcoin at Its Peak $20,000 Valuation
  8. 151 points: kdawgud's comment in The government is taking away basic freedoms we each deserve
  9. 147 points: m4ktub1st's comment in BCH suffered a 51% attack by colluding miners to re-org the chain in order to reverse transactions - why is nobody talking about this? Dangerous precident
  10. 147 points: todu's comment in Why I'm not a fan of the SV community: My recent bill for defending their frivolous lawsuit against open source software developers.
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

Wikimedia did rather better with bitcoin than Mozilla: ~$140k in the first week, ~$80k since for a total of ~$220k so far in the year we've accepted it

Someone asked, so I (as a Wikimedia communications volunteer) asked how it was actually working out for us.
Official answer (which I've verified is OK to make public): ~$220,000 so far. ~$140,000 was in one huge rush in the first week (in August 2014), the rest in the time since then. I and others were surprised and pleased it didn't drop right off after the first week, as almost all merchants taking on Bitcoin find it does.
Fundraising staff have previously noted that a new funding channel isn't worth setting up unless it attracts on the order of $500k/year. But as of right now we still take Bitcoin, so if you don't want the shame of still hodling, send 'em our way and we'll keep giving you the BEST ENCYCLOPEDIA EVER!!
submitted by dgerard to Buttcoin [link] [comments]

Getting Wikipedia to accept Bitcoin - plan of action

Getting Wikipedia to accept Bitcoin - plan of action submitted by ripper2345 to Bitcoin [link] [comments]

The Full Faith and Credit of Wikipedia

The Full Faith and Credit of Wikipedia submitted by HostFat to Bitcoin [link] [comments]

Jimmy Wales thanks us for the "accidental BTC donation campaign." (8+ BTC)

Jimmy Wales thanks us for the submitted by jron to Bitcoin [link] [comments]

Hello from Jimmy Wales of Wikipedia

So I set up a personal account at Coinbase to play around with bitcoin. I thought I would buy and sell some, and try to spend on real world things, etc. I've been watching bitcoin for a long time, of course, and I thought it past due to test it as a consumer - how hard is it, how confusing is it, etc.
Anyway, I mentioned this on twitter and a guy asked for my BTC address (which is: 1McNsCTN26zkBSHs9fsgUHHy8u5S1PY5q3 ) and last night a bunch of people got all excited and sent me BTC. Obviously I'm going to cash all that out in a few days and send it onward to the Wikimedia Foundation so if you want to keep doing that, I'm ok with it.
In the meantime, I am still learning and I've seen some chatter about me moving the BTC from that address. I think people are referring to this: https://blockchain.info/tx/29f8972043a293ad2168b62a85e8c9576d8ce6a02d624b9728e33143cae44d64
I didn't do that. When I first saw it (I'm a newbie, remember!) I was slightly alarmed. But someone else said that maybe it is coinbase moving it into cold storage. And when I log into my coinbase account, I don't see anything missing, i.e. I see incoming transactions but no outgoing ones.
How can I best confirm?
I'm planning to re-open the conversation with the Wikimedia Foundation Board of Directors at our next meeting (and before, by email) about whether Wikimedia should accept bitcoin. One reason (not the only reason) that we haven't is that setting it up as an option during the fundraiser has a lot of implications (we know, for example, and you will likely find this counterintuitive, that the more payment options we give people, the less they donate). But it occurs to me that they could just set up an account on coinbase and announce it via social media, and not bother with integrating it into donation screens and all that. The BTC community is pretty close-knit and generous, so that'd probably work pretty well.
tl;dr - I'm playing with bitcoin, thinking about it, and have some questions about how to look at blockchain.info.
You can confirm the address above by looking at my twitter: https://twitter.com/jimmy_wales/status/441634501265862657
And this reddit account is known to be associated with me, I think I confirmed it by posting on my wikipedia user page or something like that.
submitted by jimmywales1 to Bitcoin [link] [comments]

Why doesn't Wikipedia accept Bitcoin donations?

Why doesn't Wikipedia accept Bitcoin donations? submitted by ripper2345 to Bitcoin [link] [comments]

Wikimedia is treating BTC like every other currency... FUCK THEM

Wikimedia is treating BTC like every other currency... FUCK THEM submitted by Dared00 to Buttcoin [link] [comments]

[Article] Debunking the theory that a "deflationary" currency cannot be the basis of a functioning economy

Many economists argue that a low level of inflation (approx 1-2%) is required in order to maintain a productive and functioning economy. This is evidenced in the fact that most central banks have low level inflation as a target of their monetary policy objectives: The European Central Bank, Bank of England, and the Federal Reserve to name a few [1].
As a result, detractors of bitcoin say that it can never become a currency as it is deflationary in nature [2]. That is, there will only ever be 21 million bitcoin in existence. This means that over time once all of these coins are in circulation, there will be no new supply of bitcoin, and so any demand increase will result in a price increase. Currently there is around 4.3% annual inflation of Bitcoin's supply [3], and by 2028 that is projected to fall to below 1% [4]. Furthermore, if the anonymous 'Satoshi' has truly vanished then there are another 1M coins out of circulation [5]; and some studies suggest the total number of lost bitcoin is nearing 3M coins [6], a number that can only increase over time.
Due to these 'missing' bitcoins, the supply of Bitcoin will become increasingly scarce, and so their value is expected to rise given a constant or increasing level of demand. This means that goods and services will fall relative to their bitcoin valuation, resulting in deflation (deflation = the price level of goods & services in an economy decreasing). The traditional argument then goes as follows: due to goods & services becoming cheaper over time, saving is incentivized. After all, why would one buy a car for 1000 bits when it can be purchased for 998 bits tomorrow? A common example people point to as evidence for this is the infamous 10,000 BTC pizza purchase in 2010 which at today's valuation costs 100M USD [7].
However, this argument against bitcoin as a currency is flawed on two levels.
(1) When pointing to examples such as the pizza purchase, or the rapid increase in bitcoin's value, people are misattributing the cause of the deflation by assuming it is to do with bitcoins supply. In fact, in the years since the pizza purchase, the total supply of bitcoin has increased from 3 million BTC to 16 million BTC. This is a more inflationary supply increase than even the USD over the same period of time [8]. The real causes of bitcoin's price increase (and thus deflationary properties) in this period can be attributed to the parabolic nature of adoption that bitcoin has seen since its creation [9]. When looking at the practical nature of bitcoin as a world currency, and then drawing stats from the coin in its infancy, you are committing the fallacy of false equivalency [10] as the evidence presented is from a period of increasing adoption while a global currency would imply full or near full adoption. At the 'early adopters' stage we will see major +/- % fluctuations regularly, however if worldwide adoption was to be achieved then these value changes would be far smaller and much less significant. For example, the dollar, the world reserve currency, fluctuates on average by 92 pips in a day (1 pip = 0.0001 USD). Applying this same level of stability to a mass adopted bitcoin, and we see that the price fluctuations would become far smaller and less significant the greater the capitalization of the currency. Thus, in order to assess the viability of bitcoin as a world currency, one must start with a situation where bitcoin is a world currency in the first place.
(2) The second flaw of this argument is to assume that deflation will always lead to a deflationary spiral and thus collapse of the economy. With this same logic, one could argue that inflation will always lead to an inflationary spiral and thus an economy collapse as people see price levels rising, and thus are incentivized to spend their money NOW before they increase any further. This then leads prices to rise further and the effect to spiral out of control. CLEARLY though we can see that inflation does not always lead to an inflationary spiral as all western economies operate on an inflationary model. And thus to try use this logic that is empirically flawed as an argument of deflation is self defeating: Levels of inflation will not always lead to inflationary spirals, and levels of deflation will not always lead to deflationary spirals. It is this excessive quantity of inflation or deflation that will result in a spiral, not the attributes of inflation or deflation in isolation.
In the same way that 1-2% inflation per year is small enough to not trigger an inflationary spiral of panic, a small amount of deflation on a yearly basis would not trigger this deflationary spiral. In fact, we have evidence to support this claim. In the UK over the period of 1983-2006 we had interests rates that were higher than the rate of inflation [11], this would mean that consumers are incentivized to save instead of spend as they would have greater purchasing power in the future(i.e. there is deflationary pressure), yet we did not see an economic meltdown during these times. What we actually saw over this time period was a DECREASE in the savings ratio of the average UK household [12], from around 15% of income to just under 10% despite the fact that any money saved would have compounded 5% more inflation adjusted purchasing power per annum. At first this might seem to be irrational behavior but there are some speculative reasons as to why this was the case. One theory suggests that consumers do not notice inflationary or deflationary pressures in small quantities and thus do not make economic decisions based on them. Another one would say that despite the deflationary pressures, there are some purchases that are necessary and therefore cannot be delayed. i.e. the supermarket shop might be a small % cheaper in 1 years time, but it is necessary to do it now in order to survive. Finally, it can also be argued that as deflationary pressures make consumers feel wealthier, they are more inclined to go out and spend this wealth, thus decreasing their savings rate.
The arguments presented above show that perhaps Keynesian economic thinking is too narrow, and that an economy can be run on the back of a currency with deflationary pressures as these pressures in the right quantity will not result in a deflationary spiral, and have the advantage of not eroding the wealth of the population in a way that benefits the wealthy and hinders the poor (see: threshold effects of inflation for more information on this matter). While this article has argued that a deflationary currency can run an economy, it is a topic of future article to discuss which model of the economy is preferable.
Till next time,
Logical Crypto
Sources:
[1] https://en.wikipedia.org/wiki/Inflation_targeting#Summary
[2] https://www.theatlantic.com/business/archive/2013/12/why-bitcoin-will-never-be-a-currency-in-2-charts/282364/
[3] https://charts.bitcoin.com/chart/inflation#lf
[4] https://cointelegraph.com/storage/uploads/view/1d067f3721f10f0a76439de9860a4e54.png
[5] https://qz.com/1107843/bitcoins-btc-new-record-price-of-6000-means-satoshi-nakamoto-is-worth-5-9-billion/
[6] http://uk.businessinsider.com/nearly-4-million-bitcoins-have-been-lost-forever-study-says-2017-11
[7] https://en.bitcoin.it/wiki/Laszlo_Hanyecz
[8] https://upload.wikimedia.org/wikipedia/en/5/58/MB%2C_M1_and_M2_aggregates_from_1981_to_2012.png
[9] https://blockchain.info/charts/n-transactions-total?timespan=all
[10] https://en.wikipedia.org/wiki/False_equivalence
[11] https://www.economicshelp.org/wp-content/uploads/2012/01/inflation-interest-rates-1945-2011.png
[12] https://tradingeconomics.com/united-kingdom/personal-savings
submitted by LogicalCrypto to btc [link] [comments]

Wikimedia Foundation - Lobbying (started 2013.05.23)

I have recently followed up with the Wikimedia Foundation about their consideration to accept bitcoin donations.
In closing I wrote, "I strongly believe that it is only a matter of time, so I will be withholding my donation this FY until I am able to donate to the Wikimedia Foundation with bitcoin. I pledge 10BTC"
I also wrote a little about companies that have started accepting bitcoin since I last wrote them in February and the benefits those companies are now seeing.
To be clear, my motive for giving away 10BTC is purely selfish. I mine, so I have an implicit incentive to increase bitcoin adoption across the internet. A clever byproduct of my selfishness will also greatly benefit the Wikimedia Foundation and it's potential donators around the world.
So, if any of you would like to pledge an amount in BTC to the Wikimedia Foundation once they officially accept bitcoin, please leave a comment with the amount. I'll tally the results and leave it here.
Pledged so far: 23BTC
submitted by jonhannis to Bitcoin [link] [comments]

Tipping / Giving Tuesdays first 1000 comments get Bitcoin

Barbados Food Drive

Bitt.com has gracefully assisted us in providing the deep cold storage multi signature wallet solution. We want to maintain complete openness with /bitcoin. All funds will be right there for perusal - spent funds will have scanned invoices and clear explanations. We think transparency is paramount and are taking strives to ensure the community feels that their pledges are actually going to the hungry.
I have personally pledged 1.9 BTC - Bitt & Changetip have also agreed to donate towards the cause.
We will be recording parts of the event so /bitcoin may share in what we have all helped to create.
PLEDGE FOR THE FOOD DRIVE BY EITHER DONATING HERE:
3Jma5Nh2kLjpXmbQ2WWDVj8mMn3Kx8zaNh
or via changetip - all tips will be sent across to that address. If you have another crypto currency which you wish to donate in please write it in the thread and we will PM you directly to assist you.
EDIT We have raised 2.4 BTC so far and are nearly at our target 3.0 BTC - We will keep the community abreast of all that happens and look forward to feeding some hungry people with our Magical internet money.

Little Bit Back

Tails – Anonymous Operating System
Tails is a live operating system, that you can start on almost any computer from a DVD, USB stick, or SD card. It aims at preserving your privacy and anonymity, and helps you to:
  • use the Internet anonymously and circumvent censorship
  • all connections to the Internet are forced to go through the Tor network
  • leave no trace on the computer you are using unless you ask it explicitly
  • use state-of-the-art cryptographic tools to encrypt your files, emails and instant messaging
Donate bitcoin directly at Little Bit Back.

Lighthouse / Lightlist.io

The Ronald McDonald House of the Capital Region is raising money through a Lighthouse campaign to purchase a medical grade breast pump, which already reached 93% out of the needed 5.6 BTC.
Make your pledge directly at Lightlist.io or download the project file to open it in your Lighthouse client.
SOME TIPPING SUGGESTIONS
Those of you who just want the charity of your own pockets to expand still say Hi :) 100-1000 bits for the first 1000 comments!
### PLEASE CONSIDER PASSING MY TIPS ON TO OTHERS OR CHARITIES :D ###

Charities Accepting Bitcoins

No Bitcoins? Help these Charities

submitted by AnalyzerX7 to Bitcoin [link] [comments]

Tipping/Giving Tuesdays - First 1000 comments get some free bitcoin! If you are new stop in and say hi! :D

Barbados Food Drive

Bitt.com has gracefully assisted us in providing the deep cold storage multi signature wallet solution. We want to maintain complete openness with /bitcoin. All funds will be right there for perusal - spent funds will have scanned invoices and clear explanations. We think transparency is paramount and are taking strives to ensure the community feels that their pledges are actually going to the hungry.
I have personally pledged 2 BTC
We will be recording parts of the event so /bitcoin may share in what we have all helped to create.
PLEDGE FOR THE FOOD DRIVE BY EITHER DONATING HERE:
3Jma5Nh2kLjpXmbQ2WWDVj8mMn3Kx8zaNh
or via changetip - all tips will be sent across to that address. If you have another crypto currency which you wish to donate in please write it in the thread and we will PM you directly to assist you.
EDIT We have raised 2.7 BTC so far and are nearly at our target 3.0 BTC - We will keep the community abreast of all that happens and look forward to feeding some hungry people with our Magical internet money.

Little Bit Back

Tails – Anonymous Operating System
Tails is a live operating system, that you can start on almost any computer from a DVD, USB stick, or SD card. It aims at preserving your privacy and anonymity, and helps you to:
  • use the Internet anonymously and circumvent censorship
  • all connections to the Internet are forced to go through the Tor network
  • leave no trace on the computer you are using unless you ask it explicitly
  • use state-of-the-art cryptographic tools to encrypt your files, emails and instant messaging
Donate bitcoin directly at Little Bit Back.
SOME TIPPING SUGGESTIONS
Those of you who just want the charity of your own pockets to expand still say Hi :) 100 bits for the first 1000 comments!
### PLEASE CONSIDER PASSING MY TIPS ON TO OTHERS OR CHARITIES :D ###

Charities Accepting Bitcoins

No Bitcoins? Help these Charities

-** #TippingTuesdays on #meerkat - first 1000 people get free Bitcoin! (stop in and say hi) #meerkat http://mrk.tv/1GYiM2q - Also feel free to ask your bitcoin related questions on Meerkat if you are new**-
IF YOU WISH TO DONATE TO THE RED CROSS FOR THE NEPAL DISASTER RELIEF - PLEASE FEEL FREE TO TIP HERE WITH THE MESSAGE FOR NEPAL AND I WILL FORWARD YOUR TIPS
submitted by AnalyzerX7 to Bitcoin [link] [comments]

Tipping / Giving Tuesdays - First 1000 comments get free bitcoin! stop in and say hi

Barbados Food Drive

Bitt.com has gracefully assisted us in providing the deep cold storage multi signature wallet solution. We want to maintain complete openness with /bitcoin. All funds will be right there for perusal - spent funds will have scanned invoices and clear explanations. We think transparency is paramount and are taking strives to ensure the community feels that their pledges are actually going to the hungry.
I have personally pledged 2 BTC
We will be recording parts of the event so /bitcoin may share in what we have all helped to create.
PLEDGE FOR THE FOOD DRIVE BY EITHER DONATING HERE:
3Jma5Nh2kLjpXmbQ2WWDVj8mMn3Kx8zaNh
or via changetip - all tips will be sent across to that address. If you have another crypto currency which you wish to donate in please write it in the thread and we will PM you directly to assist you.
EDIT We have raised 2.7 BTC so far and are nearly at our target 3.0 BTC - We will keep the community abreast of all that happens and look forward to feeding some hungry people with our Magical internet money.

Little Bit Back

Tails – Anonymous Operating System
Tails is a live operating system, that you can start on almost any computer from a DVD, USB stick, or SD card. It aims at preserving your privacy and anonymity, and helps you to:
  • use the Internet anonymously and circumvent censorship
  • all connections to the Internet are forced to go through the Tor network
  • leave no trace on the computer you are using unless you ask it explicitly
  • use state-of-the-art cryptographic tools to encrypt your files, emails and instant messaging
Donate bitcoin directly at Little Bit Back.
SOME TIPPING SUGGESTIONS
Those of you who just want the charity of your own pockets to expand still say Hi :) 100 bits for the first 1000 comments!
### PLEASE CONSIDER PASSING MY TIPS ON TO OTHERS OR CHARITIES :D ###

Charities Accepting Bitcoins

No Bitcoins? Help these Charities

IF YOU WISH TO DONATE TO THE RED CROSS FOR THE NEPAL DISASTER RELIEF - PLEASE FEEL FREE TO TIP HERE WITH THE MESSAGE FOR NEPAL AND I WILL FORWARD YOUR TIPS
submitted by AnalyzerX7 to Bitcoin [link] [comments]

Tipping / Giving Tuesdays - This will be my last Tipping Tuesdays thread - /u/couchdive will be taking over - click here for the explanation!

- Passing the Torch - Explanation

Thanks to everyone for supporting this thread for the last 6 months, It's been a very fulfilling way to give to people all over the world and introduce people to Bitcoin. SO MANY of you have reached out in pm To personally thank me for introducing you to this magical world of internet money and charity - this has brought me a great deal of happiness :)
In the essence of honesty and openness which is something I have always encouraged, I felt it wouldn't be possible to continue with Tipping Tuesdays - My two primary reasons being:
  1. Very busy work schedule which has been taking up the majority of my time
  2. Changetip has recently approached me to work with them in a few capacities, one being charitable efforts. This aligns perfectly with what I want to do with my life, they also have an exceptionally talented and more importantly a kind team.
In the interest of an open give away thread which is both charitable and encourages giving, I've asked couchdive to take over Tipping/Giving Tuesdays. I genuinely hope it continues down a good path and that the community Continues to love and support a give away thread from the people for the people. I will be stopping in the thread to tip people since I will be in denial for the first few weeks :D
If you have ever heard of Meerkat feel free to follow me on twitter @analyzerx7 for occasional give away sessions on live stream. Again thanks /bitcoin for basically being fucking awesome <3

Barbados Food Drive

Bitt.com has gracefully assisted us in providing the deep cold storage multi signature wallet solution. We want to maintain complete openness with /bitcoin. All funds will be right there for perusal - spent funds will have scanned invoices and clear explanations. We think transparency is paramount and are taking strives to ensure the community feels that their pledges are actually going to the hungry.
I have personally pledged 2 BTC
We will be recording parts of the event so /bitcoin may share in what we have all helped to create.
PLEDGE FOR THE FOOD DRIVE BY EITHER DONATING HERE:
3Jma5Nh2kLjpXmbQ2WWDVj8mMn3Kx8zaNh
or via changetip - all tips will be sent across to that address. If you have another crypto currency which you wish to donate in please write it in the thread and we will PM you directly to assist you.
EDIT We have raised 2.6 BTC so far and are nearly at our target 3.0 BTC - We will keep the community abreast of all that happens and look forward to feeding some hungry people with our Magical internet money.

Little Bit Back

Tails – Anonymous Operating System
Tails is a live operating system, that you can start on almost any computer from a DVD, USB stick, or SD card. It aims at preserving your privacy and anonymity, and helps you to:
  • use the Internet anonymously and circumvent censorship
  • all connections to the Internet are forced to go through the Tor network
  • leave no trace on the computer you are using unless you ask it explicitly
  • use state-of-the-art cryptographic tools to encrypt your files, emails and instant messaging
Donate bitcoin directly at Little Bit Back.
### PLEASE CONSIDER PASSING MY TIPS ON TO OTHERS OR CHARITIES :D ###

Charities Accepting Bitcoins

No Bitcoins? Help these Charities

-Excellent List of Bitcoin one click charities One click charity donations
submitted by AnalyzerX7 to Bitcoin [link] [comments]

Tipping / Giving Tuesdays - Today week we are raising donations for a food drive here in Barbados. Security handled by Bitt's deep cold storage multi signature solutions - First 1000 comments get free bitcoin!

TODAY WE WILL BE FOCUSED ON RAISING DONATIONS FOR A FOOD DRIVE HERE IN BARBADOS
Bitt.com has gracefully assisted us in providing the deep cold storage multi signature wallet solution. We want to maintain complete openness with /bitcoin. All funds will be right there for perusal - spent funds will have scanned invoices and clear explanations. We think transparency is paramount and are taking strives to ensure the community feels that their pledges are actually going to the hungry.
I have personally pledged 1.9 BTC - Bitt & Changetip have also agreed to donate towards the cause.
We will be recording parts of the event so /bitcoin may share in what we have all helped to create.
PLEDGE FOR THE FOOD DRIVE BY EITHER DONATING HERE:
3Jma5Nh2kLjpXmbQ2WWDVj8mMn3Kx8zaNh
or via changetip - all tips will be sent across to that address. If you have another crypto currency which you wish to donate in please write it in the thread and we will PM you directly to assist you.
### PLEASE CONSIDER PASSING MY TIPS ON TO THE HUNGRY OR OTHER CHARITIES :D ###

Charities Accepting Bitcoins

No Bitcoins? Help these Charities

Lighthouse is an amazing decentralized crowd funding system, developed by Mike Hearn and completely running on Bitcoin. Several great projects help developers and charities to reach their goals and there are many more worth of your support.
Pledge by heading over to Lightlist
submitted by AnalyzerX7 to Bitcoin [link] [comments]

Wikipedia has had an influx of $200,000 in donations since accepting Bitcoin in only two days! [Confirmed]

We told them we'd make it happen and congratulations, we've done it.
submitted by wikicoin1 to Bitcoin [link] [comments]

Flood Wikipedia with donations by Twitter?

You can use btctip.com to send btc by twitter like this: https://twitter.com/waspoza/status/271573158354640896
After your tweet there goes response from btctip: https://twitter.com/btctip/status/271573233713680384
Worth a try i think.
Instruction how to donate to wikipedia by Twitter from http://btctip.com:
Log in to the Twitter website. Include the following in a tweet that you post, in the displayed order, and with no words in between, to send bitcoin(s) to another Twitter user:

btctip @[payee's Twitter username] [amount] [unit]

If you have a sufficient amount of bitcoins in your account, btctip.com will send the amount of bitcoin you instructed from your account to the recipient, and Tweet instructions to the recipient telling them how to collect their tip.
For example, if you wanted to send 10 bitcents to @exampleuser, you would include the following in a Tweet that you post: #btctip @exampleuser 10 bitcents
After posting the Tweet, btctip.com would automatically read your tweet and, if you had at least 10 bitcents in your account, send @exampleuser 10 bitcents.
You can include other text in your tweet as well, as long as some segment of the tweet contains the instructions in the proper format.
For example you could tweet: Hey, great post! #btctip @exampleuser 10 bitcents!
After you have sent a tip to a Twitter user, they have 5 days to become a BTCTip user, which happens automatically when they log in to btctip.com, in order to claim the tip.
1 day before the 5 day deadline, if their tip is still unclaimed, btctip.com will alert them via a Tweet that they have 1 day left to claim their tip.
If by the deadline they have not yet claimed the tip, the tip will be returned to you.
Once a tip recipient has become a BTCTip user, the tip is considered claimed and they can leave the bitcoin in their BTCTip jar for as long as they want.
submitted by waspoza to Bitcoin [link] [comments]

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Media in category "Bitcoin" The following 134 files are in this category, out of 134 total. $10,000 in $100 USD bills with 25 BTC Gold Casascius coin by Gage Skidmore.jpg 5,248 × 3,240; 8.4 MB 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1,000 10,000 100,000 1,000,000 10,000,000 100,000,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ... Wikimedia and BitPay have entered into partnership that will see Wikimedia accept Bitcoin Cash donations, as per a January 29, 2019 announcement.. Crypto-Donations. An official BitPay press release has detailed that Wikimedia, the non-profit organization behind Wikipedia, has teamed up with the cryptocurrency Payment professor. As a result of this partnership, Wikimedia will now also begin to ... @Peter Wogenband – What’s really disappointing is to see such ignorance about a great technology. The fact that the wikimedia foundation has decided to accept bitcoin donations doesn’t affect you in any way, or affect the usefulness of the wonderful services they provide. Bitcoin Price (BTC). Price chart, trade volume, market cap, and more. Discover new cryptocurrencies to add to your portfolio.

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