Bitcoin rules vs. Consensus rules - CoinGeek

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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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Sharing of ideas, tips, and strategies for increasing your Bitcoin trading profits
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Bitcoin Mining Forums: Turning Computers Into Cash Since 2011

The official bitcoin mining forum / subreddit / chat room / place to be!
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Bitcoin rules my world

Bitcoin rules my world submitted by Lisacolon446 to u/Lisacolon446 [link] [comments]

Bitcoin rules

So CashApp doesn’t allow people under 18 to get bitcoin, but I was wondering what would happen if someone that was over 18 would try to send bits to someone that’s under 18? Would they end up getting it? Or would the transaction not go through?
Thank you !
submitted by jharlow234 to CashApp [link] [comments]

A bitcoin can be used for many things, but Bitcoin's rules can't be changed for anything.

submitted by the420chronicler to Bitcoin [link] [comments]

Bitcoin Rules the Macro & Poised to Attract More Traditional Equity Investors

Bitcoin Rules the Macro & Poised to Attract More Traditional Equity Investors submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

A bitcoin can be used for many things, but Bitcoin's rules can't be changed for anything. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Theory of Bitcoin Part 4: Bitcoin rules and human laws

Theory of Bitcoin Part 4: Bitcoin rules and human laws submitted by thacypha to bitcoinsv [link] [comments]

07-01 10:54 - 'Whilst stepping carefully around r/Bitcoin Rules #7 (promoting altcoins), I would personally say to avoid compound for a while. They have been modifying the interest rates and governance coin rewards over the past few days to...' by /u/b0urner removed from /r/Bitcoin within 101-111min

'''
Whilst stepping carefully around Bitcoin Rules #7 (promoting altcoins), I would personally say to avoid compound for a while. They have been modifying the interest rates and governance coin rewards over the past few days to dissuade yield farmers. This will probably cause many to leave the platform and the prices of assets to tank (BAT, COMP etc). Also you are aware that Balancer, another liquidity pool, was hacked a few days ago? They offer big rewards because of the risk and charges
'''
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Author: b0urner
submitted by removalbot to removalbot [link] [comments]

04-23 05:24 - 'little #bitcoin rules the future' (v.redd.it) by /u/MMasher removed from /r/Bitcoin within 367-377min

little #bitcoin rules the future
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Author: MMasher
submitted by removalbot to removalbot [link] [comments]

Bitcoin rules for noobs

Planning on giving my relatives some corn on a hard wallet for Christmas, along with some “rules”. Did I miss any?
Rules: 1. Buy more bitcoin. 2. Don’t sell bitcoin. 3. Pay taxes if you sell. See Rule 2. 4. Keep your backup keys secret. 5. Don’t lose your backup keys.
submitted by ChuckShores to Bitcoin [link] [comments]

Lawmakers Push for New Bitcoin Rules

https://www.wsj.com/articles/lawmakers-push-for-new-bitcoin-rules-11562405401?ns=prod/accounts-wsj
According to the article, 3 pieces of legislation is being introduced. The article isn't clear on what the third one is, but the two it does mention specifically are:

The Token Taxonomy Act
Would exempt digital tokens from being defined as securities, and would grant cryptocurrency a de minimus exemption. Meaning that buying a cup of coffee would no longer be a taxable event.

The Blockchain Regulatory Certainty Act
This would exempt non-financial businesses using blockchain, from being defined as money transmitters.
submitted by crypto_phan to Bitcoin [link] [comments]

Bitcoin rules vs. Consensus rules - CoinGeek article

Bitcoin rules vs. Consensus rules - CoinGeek article submitted by hollowdef to bitcoincashSV [link] [comments]

Remember, bitcoin rules, and every libertarian must accumulate bitcoin if liberty is to prevail?

And xrp too.
Money is the answer to every problem, and bitcoin solves them. Fiat money is worthless. You can’t do anything with it. All it does is inflate.
Get with the bitcoin standard.
submitted by xbitcoinrules to Libertarian [link] [comments]

What if bitcoin ruled the world?

Sorry for the cheesy title but I wanted your thought on the limitations of bitcoins. I read that the number of transactions per second for Visa was somewhere around 1500 transactions per second when bitcoin is limited to something around 4-5 transactions per second.
If the world decided to switch everything to bitcoin, wouldn’t that sign the death of bitcoin?
submitted by darthchebreg to Bitcoin [link] [comments]

Bitcoin rules vs. Consensus rules - CoinGeek article

Bitcoin rules vs. Consensus rules - CoinGeek article submitted by hollowdef to bitcoinsv [link] [comments]

Satoshi whitepaper's "longest chain is Bitcoin" rule does not apply when comparing two chains with different consensus rules.

I have heard countless arguments that if SV ever gained 75% hashrate and forks, then it must be called BCH because it is the longest chain according to Satoshi's whitepaper.
This statement is absolutely false. The whitepaper only used the longest chain rule to help determine which chain is Bitcoin in the event the Bitcoin network is being attacked. Because there will be more honest nodes mining, the longest chain wins. The longest chain is only used to determine winner of 2 chains using the same consensus rules.
When 2 chains are following different consensus rules, longest chain does not matter at all.
See for example the ETH/ETC hardfork. Different consensus rules. No one cares which chain is longest (i.e. more work). Users decide which they want to call Ethereum.
If there will be a contentious hardfork with SV nodes forking to a 128MB chain, it doesn't matter if that chain has 75% of the miners on it. 2 different consensus rules means 2 different coins. And users will decide which coin they will call Bitcoin. Hashrate and miners don't decide that for the users.
Here's an analogy. What happens when chess game makers decide to come together to change the chess board from an 8x8 to a 9x9 board because they think having more space to play chess is better? Would users just accept that and call the new game chess? No, they won't refer to the new game (with new rules) as chess. They will still refer to the original game (on an 8x8 board with the original rules) as chess.
That said, it is possible that users will decide that the SV fork is the true BCH. But it will be because they choose to call that the real BCH, and not because a majority hashrate demands it to be called Bitcoin.
Edit: It is funny the people upvoting this thread, they don't even realize they are upvoting Core propaganda from over a year ago by Charlie Lee, who is a huge Core troll and BCH hater and member of the magical crypto friends. This was Charlie's logic on why blocksize upgrades will never be allowed on Core, and UASF will win. All I did was switch BU out for SV, and the rest is word for word. This sub has been taken over by the same Core cancer that has killed BTC Legacy. Hopefully this time miners will have the guts to prevail over these PoSM attacks on Bitcoin.
submitted by bchbadger to btc [link] [comments]

12-06 16:33 - 'Hello my students and soon to be students, I bring you my learned experience for your pleasure and I have written a free E-Book on Bitcoin rules and factual info, click the link and download for free:' (bitcoin.greggink.com) by /u/gregg_ink removed from /r/Bitcoin within 71-81min

Hello my students and soon to be students, I bring you my learned experience for your pleasure and I have written a free E-Book on Bitcoin rules and factual info, click the link and download for free:
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Author: gregg_ink
submitted by removalbot to removalbot [link] [comments]

10-30 04:43 - 'Bitcoin Rules' (self.Bitcoin) by /u/timm5736 removed from /r/Bitcoin within 20-30min

'''
Learn more about Bitcoin rules at [here]1 .
'''
Bitcoin Rules
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Author: timm5736
1: b*cre*ulatio**.in*o/
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Satoshi whitepaper's "longest chain is Bitcoin" rule does not apply when comparing two chains with different consensus rules.

I have heard countless arguments that if BU ever gained 75% hashrate and forks, then it must be called Bitcoin because it is the longest chain according to Satoshi's whitepaper.
This statement is absolutely false. The whitepaper only used the longest chain rule to help determine which chain is Bitcoin in the event the Bitcoin network is being attacked. Because there will be more honest nodes mining, the longest chain wins. The longest chain is only used to determine winner of 2 chains using the same consensus rules.
When 2 chains are following different consensus rules, longest chain does not matter at all.
See for example the ETH/ETC hardfork. Different consensus rules. No one cares which chain is longest (i.e. more work). Users decide which they want to call Ethereum.
If there will be a contentious hardfork with BU nodes forking to a 2mb chain, it doesn't matter if that chain has 75% of the miners on it. 2 different consensus rules means 2 different coins. And users will decide which coin they will call Bitcoin. Hashrate and miners don't decide that for the users.
Here's an analogy. What happens when chess game makers decide to come together to change the chess board from an 8x8 to a 9x9 board because they think having more space to play chess is better? Would users just accept that and call the new game chess? No, they won't refer to the new game (with new rules) as chess. They will still refer to the original game (on an 8x8 board with the original rules) as chess.
That said, it is possible that users will decide that the BU fork is Bitcoin. But it will be because they choose to call that Bitcoin, and not because a majority hashrate demands it to be called Bitcoin.
submitted by coblee to btc [link] [comments]

Lawmakers Push for New Bitcoin Rules

Lawmakers Push for New Bitcoin Rules submitted by simplelifestyle to CryptoCurrency [link] [comments]

Satoshi whitepaper's "longest chain is Bitcoin" rule does not apply when comparing two chains with different consensus rules.

I have heard countless arguments that if BU ever gained 75% hashrate and forks, then it must be called Bitcoin because it is the longest chain according to Satoshi's whitepaper.
This statement is absolutely false. The whitepaper only used the longest chain rule to help determine which chain is Bitcoin in the event the Bitcoin network is being attacked. Because there will be more honest nodes mining, the longest chain wins. The longest chain is only used to determine winner of 2 chains using the same consensus rules.
When 2 chains are following different consensus rules, longest chain does not matter at all.
See for example the ETH/ETC hardfork. Different consensus rules. No one cares which chain is longest (i.e. more work). Users decide which they want to call Ethereum.
If there will be a contentious hardfork with BU nodes forking to a 2mb chain, it doesn't matter if that chain has 75% of the miners on it. 2 different consensus rules means 2 different coins. And users will decide which coin they will call Bitcoin. Hashrate and miners don't decide that for the users.
Here's an analogy. What happens when chess game makers decide to come together to change the chess board from an 8x8 to a 9x9 board because they think having more space to play chess is better? Would users just accept that and call the new game chess? No, they won't refer to the new game (with new rules) as chess. They will still refer to the original game (on an 8x8 board with the original rules) as chess.
That said, it is possible that users will decide that the BU fork is Bitcoin. But it will be because they choose to call that Bitcoin, and not because a majority hashrate demands it to be called Bitcoin.
submitted by coblee to Bitcoin [link] [comments]

Bitcoin Ruled Commodity

Bitcoin Ruled Commodity submitted by crispyn1990 to Bitcoin [link] [comments]

09-25 00:03 - 'Bitcoin rules.' (self.Bitcoin) by /u/BeTeeC removed from /r/Bitcoin within 199-209min

'''
1) buy the dip 2) HODL.
Everyone says this when the price is doing great, but this is what HODLing really is about. These are the moments that count. Life is too short to be stressed by this, just remember why you’re here.
Good luck all, I’ll be converting some more fiat currency over as soon as possible.
'''
Bitcoin rules.
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Author: BeTeeC
submitted by removalbot to removalbot [link] [comments]

Bitcoin Q&A: The rules of Bitcoin (part 1) Do You Believe In The 1 Bitcoin Rule? The 5 rules of Bitcoin! - YouTube Bitcoins rules The Rules of Bitcoin - Andreas M. Antonopoulos

How to start with Bitcoin Trading: Rules for Beginners. Read full article. Brand Voice . 3 October 2020, 7:48 am · 3-min read. Blockchain technology has become the talk of the money-making ... I find these 3 Rules of Bitcoin help to make better decisions on when to buy or sell bitcoin and other digital currencies. It acknowledges the benefits while focusing you on the potential (often ... Rules for clients.. The wiki substantially documents the Bitcoin protocol, but equally important are the rules used by the client to process messages.It's crucial that clients follow certain rules in order to maintain consistency across the network, and to protect the Bitcoin security guarantees. Bitcoin is a form of "money" covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. Bitcoin rules are defined as a ruleset that all nodes must adhere to without exception. An example of this is the inflation schedule (50 -> 25 -> 12.5 -> 6.25…) and when coins can be minted (only when a block is found, the coinbase transaction). What are Consensus rules? Consensus rules are defined as what nodes must agree to what is valid at a given point in time. For example, in the Quasar ...

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Bitcoin Q&A: The rules of Bitcoin (part 1)

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