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[–] go1dfish 0 points 93 points (+93|-0) ago  (edited ago)

/v/Bitcoin is willing to help anyone who needs an introduction to the wonderful world of cryptocurrency in whatever form.

Bitcoin is kind of expensive to send for typical donations amounts at the moment @puttitout you may want to setup ethereum/litecoin addresses as well to help mitigate this.

Edit:

https://www.youtube.com/watch?v=JceL50sL1fA

https://www.youtube.com/watch?v=zEQ2nPSL5-0

Other related subs:

[–] [deleted] 0 points 31 points (+31|-0) ago 

[Deleted]

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[–] go1dfish 0 points 38 points (+38|-0) ago 

Yeah it is, a ton of the coins listed on http://coinmarketcap.com/ and http://coincap.io will die out.

Most of them do have a specific justification for existence.

Litecoin is supposed to be bitcoin but faster and cheaper.

Ethereum is like a meta coin.

Dogecoin is a joke on all the Bitcoin moon talk. Yes it's literally a joke, and even it is outperforming the US dollar lately.

Monero is focused on anonymity

Dash also has a privacy focus and some of the same goals as litecoin

Decred builds a democratic governance model into the blockchain to pre-empt the scaling/mining power crisis bitcoin is seeing now.

coinmarketcap splits between currencies and assets. The currencies are more like Bitcoin and general purpose and the assets are more like stocks in distributed applications.

tl;dr it is a big fucking mess, but some of these are going to be like the MS and Apple of the next generation and some will be like the Betamax and Pets.com

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[–] Dereliction 0 points 10 points (+10|-0) ago 

It's a marketplace of competing coins. And cryptocurrencies are all quite new so far as the larger world is concerned, so of course it looks like a big fucking mess. But it's a beautiful mess once you see it for what it is.

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[–] drj2 0 points 6 points (+6|-0) ago 

Compare it with precious metals. Picture bitcoin is at the top with gold and ethereum as silver then there's a few coppers and aluminums.

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[–] Salbuchi_2019 0 points 5 points (+5|-0) ago 

Namecoin apparently is focused on intangible goods, like domain names.

Ethereum Classic is a fork from Ethereum.

Potcoin is probably a scam.

Just to name a few more.

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[–] hels 0 points 11 points (+11|-0) ago 

I would prefer to mail puttitout $10 each month or $120 each year. Or maybe a bank transfer. I suppose I am just old school but I imagine it is easier for me to lose a few percent purchasing Swiss currency and mailing it to him or bank transfer to him rather than any crypto.

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[–] go1dfish 0 points 6 points (+6|-0) ago 

The only parts of crypto that have to be hard right now are the gateways to fiat because government demands it.

Once you have it, it's really quite simple and there are very easy use wallets now.

Securing large amounts can be more difficult, but most people wouldn't even attempt to store such large amounts of wealth in any other form on their own.

Cryptocurrency has the potential to be way more secure and easy to use than any other form of banking system currently known, but significant effort into making things easy to use hasn't happened until more recently.

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[–] Pizzalawyer 0 points 3 points (+3|-0) ago  (edited ago)

I hear ya! What do you do when your only source of income is Social Security direct deposited into an old fashion bank account? I didnt understand 50% of the lingo that VOAT just used trying to explain this. It's kind of scary for us oldsters much as it was when paper currency was introduced as a substitute for coins - except I'm not that old!

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[–] CognitiveDissident5 0 points 3 points (+3|-0) ago 

Me too

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[–] ahab_with_piggyback 0 points 4 points (+4|-0) ago 

I have been a bit busy with work projects (construction and out of town work) but I want to add in that as spokesman but not yet mod of /v/Ethereum we totally stand behind Voat and with our brother subs in the cryptocurrency community. I am happy to devote any free time I have to making sure any Goats need help understanding this medium of exchange with Ether and also if you have any questions @puttitout I am happy to answer as best I can.

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[–] go1dfish 0 points 5 points (+5|-0) ago 

Been noticing and upvoting your contributions to /v/ethereum and glad to see more crypto interested Goats.

Do you have any ethereum wallet recommendations for linux?

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[–] glugglug 0 points 3 points (+3|-0) ago 

I wouldn't trust Ethereum, at all. It's hyper-inflative by design, and was most likely created by big banks as a way to devalue the digital currency market so badly that it scares people away.

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[–] InfoTeddy 0 points 1 points (+1|-0) ago 

Any sources and/or arguments to back this up?

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[–] 0xFEEDFACE 0 points 0 points (+0|-0) ago 

As far as I know the only part that's inflative "by design" is the mining DAG size, partly to motivate miners to eventually support switching to a different/better system. The problem being few (none?) of these cryptocurrencies can currently scale to the processing capacity needed for global credit card systems or stock trading. The solutions are in development, and ETH is basically ensuring there will be a somewhat gentle and consistent push to move on and not just flail indecisively like Bitcoin. It is a risk point, but I expect if the development doesn't go well there will be an alternative push to defuse/delay the time bomb instead.

Would love to hear the specifics about your concerns though!

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[–] draegspir 0 points 0 points (+0|-0) ago 

This is far from the truth! Please do some research (both OP and readers) on Ethereum to understand why it's such a big deal. In short, the Ethereum network is going to be the next internet that is completely decentralized. Imagine websites and app stores that the government CANNOT take down.

[–] [deleted] 1 points 41 points (+42|-1) ago 

[Deleted]

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[–] PuttItOut [S] 0 points 46 points (+46|-0) ago 

This is a good idea, we need to write some instruction on Bitcoin and other digital currencies.

I wonder if someone from Voat can provide some resources, or better yet, do a write up.

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[–] Bill_Murrays_Sandals 1 points 10 points (+11|-1) ago 

Patreon?

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[–] Ina_Pickle 0 points 9 points (+9|-0) ago 

Perfect. A lack of knowledge is the only thing keeping me from using bitcoin.

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[–] go1dfish 0 points 30 points (+30|-0) ago  (edited ago)

Unfortunately our government hates privacy. http://localbitcoins.com is your best bet for remaining anonymous but I've never used it myself.

Edit: Bitcoin ATMs are another option: https://coinatmradar.com

I've heard the fees are high and I've never seen one myself (never looked) but they are getting more popular. This is the preferred way the /biz/ kids get into the alt-coin game I think.

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[–] Tallest_Skil 2 points 13 points (+15|-2) ago 

There is no anonymity with bitcoin. All transactions are publicly logged.

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[–] go1dfish 0 points 14 points (+14|-0) ago 

This is true, bitcoin is anonymous in the same sense that Voat is. That is to say it is psuedoanonymous.

If you can trade bitcoin for cash that bitcoin will be difficult to tie to you, and that's one reason why governments are very wary about the fiat gateways to cryptocurrency.

Some coins like Monero and Dash attempt to improve upon the privacy of Bitcoin but I'm not familiar with the technicals of how.

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[–] seeking_virtue 2 points 4 points (+6|-2) ago 

bump

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[–] Voopin__Voopin 0 points 4 points (+4|-0) ago 

holy shit, now THAT's something I havent seen in a long time.

VBulletin type shit.

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[–] AOU 5 points 26 points (+31|-5) ago 

Thanks you so much, Putt!!!

Voat has become the best online Free Speech platform.

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[–] PuttItOut [S] 0 points 25 points (+25|-0) ago 

Thanks man. We have a long way to go but I'm pretty sure we can get there.

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[–] ginx2666 0 points 17 points (+17|-0) ago 

Voat’s primary credit card processor

Care to explicitly, directly name it in post? I've stopped using paypal (for different reason, but still), so it'd be great to know who else I should avoid dealing with.

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[–] PuttItOut [S] 0 points 29 points (+29|-0) ago 

Oh I wanted to. I wanted to drag their name through the mud and post the emails they sent but it would have done nothing to change their decision (as this is in the contract you are forced to sign). Nearly the entire financial industry can flip your off switch anytime they want, which is why I made mention of digital currencies.

I will say that this is one of the largest processors in the market.

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[–] StateOfMind 0 points 13 points (+13|-0) ago 

It would still be good to know their name though.

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[–] TheodoreKent 0 points 8 points (+8|-0) ago 

Drag their name through the mud!

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[–] B3bomber 0 points 4 points (+4|-0) ago 

You could always do the shell company thing like "real" corporations do. Register out of some low/no tax country, have a shell company that collects the payments, have said company pay the parent shell company for "licensing fees" and then that company can handle the server payments.

That stuff is legal. Certain big companies (Apple) do this to avoid paying taxes. Why not do the same and make it possible to force processors to accept payments?

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[–] hels 0 points 4 points (+4|-0) ago 

Gaggle (or google) search doesn't have any CCs on the front page when searching "largest processors in the market"

Bings 4th result has Visa with the same search words.

I am not an internet sleuth or anything, Was hoping /u/puttitout had some codewords or GOAT or something.

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[–] ApprenticeShitposter 5 points 17 points (+22|-5) ago 

Heil Putt!

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[–] PuttItOut [S] 2 points 26 points (+28|-2) ago 

This guy knows! He has been here since forever.

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[–] ApprenticeShitposter 5 points 3 points (+8|-5) ago  (edited ago)

Shhh...I'm pretending to be a newbie.

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[–] Obergruppenkraken 3 points -2 points (+1|-3) ago 

Stop replying to yourself putt.

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[–] ExpertShitposter 1 points 8 points (+9|-1) ago 

Fuck you!

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[–] ApprenticeShitposter 1 points 5 points (+6|-1) ago 

I'm trying to learn from the expert, but he has some issues...

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[–] Wuttier 0 points 5 points (+5|-0) ago 

\o

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[–] Artofchoke 0 points 13 points (+13|-0) ago 

Fuck yeah. ♡♡♡

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[–] DependasaurusRex 0 points 4 points (+4|-0) ago 

'Murica!

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[–] vivalad 0 points 12 points (+12|-0) ago 

is there a po box where we could just mail a check?

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[–] TerraKell 0 points 8 points (+8|-0) ago 

The sad fact is that our wonderful asshole government will convene a secret hearing in a secret court to get a secret court order to intercept any and all mail.

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[–] go1dfish 0 points 10 points (+10|-0) ago 

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[–] Diogenes_The_Cynic 0 points 3 points (+3|-0) ago 

They need a court order to open it though. As of now, like @go1dfish said, they can only photograph it.

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[–] adhdferret 0 points 11 points (+11|-0) ago 

If it isn't one thing it is 10 others. Lol no one said this was going to be easy.

Guess what boss? Tomorrow is my three year anniversary as well. Been a long road watching this place grow and evolve into what it is now. Some people may disagree with the way we are, but we are who we are and above all you allow that to be.

Here is to even longer and thank you for all the work.

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