What are /r/BitcoinDiscussion's favorite Products & Services?

From 3.5 billion Reddit comments

There is no single reason and no certain answers but one of the factor is that the explosive interest in bitcoin is waning (also in altcoins). But also, segwit usage increased lately that reduces the effective demand for blockspace.

I think you are overestimating the price of required server. The price is trivial even for a smallest pool, here is a 1Gbit/s server for 39 EUR/month: https://www.hetzner.com/dedicated-rootserver/ex41

10Gbit/s link is relatively cheap too, if you are not saturating it 100% of time.

While I think things will get worse in the short time, opening and closing channels can scale as well : https://www.semanticscholar.org/paper/Scalable-Funding-of-Bitcoin-Micropayment-Channel-N-Burchert-Decker/3a530ac52adf84335a5a6a7645bf74edf7b1613f

> Ugh I wrote most of a reply to this and my browser crashed : ( I feel like my original text was more eloquent..

Short reply - If you're super trusting and want something automatic, lazarus or typio are the thing for you.

If you're less trusting, the best thing I've found is either notepad++ or evernote. Evernote automatically syncs to the cloud and does ok-ish for not getting in your way with formatting/etc - most of the time. The free version does most of what you will need. Notepad++ on the other hand is open source and auto-saves things as you go so long as you don't close the tab. I've used every one at different points and now use evernote + notepad++ for different things, every day.

To install them in 3 clicks, super amazing handy tool... https://ninite.com/ - Two clicks and it will auto-download and auto-install the most common software geeks love (the ones you check specifically). While you're at it, greenshot and windirstat (both on there) are little known, amazing tools that I install on every computer I use. And both open source. :D

Yes, I think so too!

I'm of the (radical, for someone interested in cryptocurrency) view that even central banks doing whatever they want is really probably not a bad thing in 99% of cases and we just hear about the other 1% on the news. But whether or not you like mainstream economics, the most basic lesson central banks have learned is that moderate inflation is a good thing.

The main advantage of deflation as I see it (aside from the fact that some people want it and believe it's a good thing) is that nobody would have ever heard of Bitcoin if it didn't encourage people to hoard it and to encourage their friends to do the same.

Obviously it will never happen with BTC itself, because it's not in the social contract and people are too invested in their hodlings. I can see it happening in some miner-motivated hardfork if mining becomes uneconomical.

Monero has tail emission but it's negligible in the long run, so it's still ultimately deflationary due to the increased productivity of society over time.

I would be curious to see an altcoin use a supply curve such as (1 - e^-x )1.05^x, where x is the year. Maybe it's possible to have Bitcoin-like bubbling and viral spreading and a mining gold rush at first while being more useful in the long run.

"legal fork"... ok I meant to say legal chain... ok? From the perspective of nodes who reject court orders, it is a "fork", but by law, it is the main chain.

The "canonical chain" is the heaviest chain that also follows the rules of the whitepaper (not "community" made-up rules). The White paper states that bitcoins are ownable >> https://imgbb.com/ZgRvBLT so the "canonical chain" is the chain that includes the Court orders. See? I understand everything! 🤓

​

>We've already been through a block war where the supermajority of hash power voted to fork...how'd that work out? It didn't. Mining pools and nodes dismissed them. Remember software is based in rules? No government is changing those.

Listen, I get it. Crypto and Bitcoin currently exist in Anarchy. Governments are still watching this circus with curiosity trying to understand what's going on. What I'm talking about is the far future when Bitcoin goes mainstream and is actually used as money. Today it's just a stupid toy that has no utility. This is why law is barely applied anywhere because it's all a gambling world.

My argument is that law does apply to Bitcoin and if somebody wanted (and had the money) he could go to court and argue the very same things I'm arguing. Bitcoin is capable of having its coins moved by the legal systems of the world. If it ever becomes used as money, there would be pressure by institutions to have the legal system enforce ownership. The White paper supports all of this.

Thank you! I have a lot of catching up to do but this helps clarify things a lot more to me.

To be honest, this is a casascius coin. There is a site that tracks casascius coins here, and I just grabbed a random one so as not to give away my identity. But, it appears casascius coins DO have BSV loaded on them, if I am correct here.

My situation is analagous to this coin's:

https://casascius.uberbills.com/?address=1Ag3HL6We4cc2DgqfDUwfXe6vKYpTS5gze

When I search for that address in the bitcoin sv explorer, it appears there is SV loaded on it. So I assume my situation would be the same (this one and mine are both 1 BTC brass coins loaded in 2013).

https://blockchair.com/search?q=1Ag3HL6We4cc2DgqfDUwfXe6vKYpTS5gze

Assuming that is true, do you see any problem with importing my keys into electrum and just sending only the BTC to coinbase? It won't "mess" with the other balances if I do that, will it? Same question with regards to "sweeping" the keys into a new electrum address. Thanks.

https://www.cryptocompare.com/mining/calculator/btc?HashingPower=0&HashingUnit=TH%2Fs&PowerConsumption=1372&CostPerkWh=.20

The power consumption of an AntMiner S9 is between 1127W to 1327W and gives a harshrate between 11 TH/s to 14 TH/s according to their website.

One units costs around $3000 apparently.

These are probably one of the more efficient miners. Other miners may have worse hashrate/power consumption ratio.

The rest of the profitability calculation depends on cost of electricity. :)

FULL NODE COSTS DROP OUT vs NEW USERS

> I'd have to see that justified a bit better to have a good feeling for whether I agree. But yeah, I think we can table this for now.

Easy answer: 10 cents of bandwidth at scale costs provides you with 5gb of bandwidth per month (Only outbound counts there, too!)

One user transacting 2 average transactions per day amounts to 15kb (250 * 2 * 30). 10 cents of bandwidth will support 333,333 such average users per month.