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Bitcoin International

For discussion of Bitcoin usage in the rest of the world.
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Switzerland is good for business development as it is located in the center of Europe

Switzerland is good for business development as it is located in the center of Europe
Switzerland is good for business development as it is located in the center of Europe. It is convenient to get there for meetings with European partners. A prestigious jurisdiction is especially important for crypto companies that work with customers' money.
Today we will talk about Crypto Valley. What is it and why will Simba be based there?
We have already spoken about the fact that in 2016 the authorities of the city of Zug launched an experiment: they offered residents the option to pay for utilities and government services with bitcoins. Then, Swiss Railways allowed passengers to exchange cash for cryptocurrency in ticket machines. Local officials are satisfied with the pilot project and continue to introduce blockchain into the daily life of residents. There are over a hundred fintech startups operating in Zug now. According to PwC, every 11th fintech startup on the planet opens in Zug.
Due to the cluster of decentralized startups, the canton has been nicknamed Crypto Valley (http://gdi.ch/media/cryptovalleymap_impuls_v2.pdf). The following are located there: the headquarters of the Ethereum blockchain platform; the Monetas cryptocurrency payment system; Bancor, the platform for creating new cryptocurrencies; Bitcoin Suisse AG, the Bitcoin ATM network operator; the Xapo bitcoin wallet provider; the ShapeShift cryptocurrency exchange; and the Lisk blockchain platform, which is competing with Ethereum.
The Crypto Valley Association has (https://cryptovalley.swiss/) recently been established in Crypto Valley. It is engaged in the development of an ecosystem for decentralized technologies, prepares proposals for regulators, launches research projects and organizes events. The association brings together large companies (Luxoft, UBS, PwC, ConsenSys, Monetas and Thomson Reuters), investors, the Zug government, the University of Lucerne, and blockchain startups.
On the map below, you can see where the Swiss company Simba will be registered: 130 meters from #Ethereum #Foundation near #Tezos #Foundation and #Bitcoin #Suisse
Lion Simba chooses only the best locations for itself!
https://preview.redd.it/3tbej7h25ch51.jpg?width=1264&format=pjpg&auto=webp&s=5eb540310fffbdd0b7d7f89eacb23a071d9a2026
submitted by simba_official to simba_official [link] [comments]

List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)

Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example.
Any that I am missing?
Altcoin-only P2P Trading exchanges
AggregatoSearch and Helper Sites
Note: If you use one of the above P2P OTC trade "matchmaking" services, please trade with caution and do your own due diligence.
This list does not include exchanges not in English (e.g., 58Coin), deserted or defunct marketplaces (e.g., Cancoin, and Rahakott), not-yet launched (e.g., OTCBoss, and DAIHard), ones that operate only through dark markets, or online-only DEX/decentralized exchanges (another list of DEXes).
Also, there are a number of variants that I didn't list:
Otherwise, there are a number of other exchanges — with varying attributes. We recommended trying to stick with No-KYC exchanges, including most of the ones listed on:
Additions, corrections, and other feedback welcome and can be submitted as an issue or pull request on GitHub, or via e-mail.
[Note: There is also a corresponding post on Medium with this information as well.]
submitted by cointastical to Bitcoin [link] [comments]

Bitcoin community, I need help with your knowledge of local Bitcoin ATMs!

I've been building an open-source Bitcoin ATM map for a couple of months now and have listed over 2000+ working ATMs => www.bitrawr.com/bitcoin-atms
The open-source repo for the ATMs is here => https://github.com/alonshvartsman/bitrawr-geojson
If you see that one of your local ATMs is not on the map, please add it to the repo! The format is GeoJSON but you can also send me an email ([email protected]) with the following information about your local ATM:
Name: Description: Address: Hours: Phone number: Website: Longitude: Latitude:
Let's help people find the best ways to get access to Bitcoin! PS. I know that Bitcoin ATMs charge very high fees. I'm aware of this. Unfortunately, for a large portion of the world, this is the quickest and most convenient way to buy or sell Bitcoin.
Thanks for your time and help everyone!
submitted by AlonShvarts to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For some more great introductory videos check out Andreas Antonopoulos's YouTube playlists, he is probably the best bitcoin educator out there today. Also have to give mention to James D'Angelo's Bitcoin 101 Blackboard series. Lots of additional video resources can be found at the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com and Howtobuybitcoin.io are helpful sites for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, Games Planet, itch.io, g2g and kinguin For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Menufy, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

List of Physical Stores where you can Buy or Sell bitcoin

There are a number of foreign currency exchanges and other places where there's a "storefront"/branch and an actual teller or other staff where you can just walk up and do a bitcoin buy and/or sell. But I don't think there's ever been a list of them compiled. Lots of location discoveries get shared on social media, like this one, bu there is just no comprehensive list anywhere. So that's what I'ld like to do here. If you know of a location please comment with the name or some details.
Physical stores and Trading Spaces
Europe, Middle East, and Africa:
North America:
Asia-Pacific:
Vouchers (retail)
Gift Cards
Vending
Hardware wallet sales locations (Note: It's always more secure to buy direct from the manufacturer)
There are also over-the counter (OTC) traders, who may or may not have a fixed location, but are not considered to be "physical stores":
Please share your additions, corrections, or comments.
submitted by cointastical to Bitcoin [link] [comments]

Im super new to Bitcoin. How do I buy some?

I've googled but I'm kind of clueless. I'm from Canada, and I would like to use a pre paid card to buy about 5 dollars canadian worth of BTC.
Thanks for reading! Hope you can help.
submitted by Hundeez_Dundeez to Bitcoin [link] [comments]

Quick question about withdrawing cash from bitcoin atms

Cross post from BitcoinUK
Before you ask - I have used the search bar.
People have stated that the rates are terrible for buying and selling on a bitcoin atm machine. Checked the local bitcoin atms in London using radar map and I must say buying is a rip off, but how about selling? Especially Shitcoin's selling exchange rate looks reasonable, very close or even higher than the current price. What am I missing here?
Example 1 . Example 2 . Example 3 - Worst case scenario for me
Current price (06/12/2019) of 1 btc on google: £5603
Buying price of the machine: £6493.33
Selling: £5790.59
I need to convert my 200> quid worth of bitcoin into cash (am not interested in the holding part). Tried localbitcoins but for some reason (seriously) they didn't accept my ID even though it was extremely clean, no blur, everything is normal but they didn't accept it so I am trying to cash out my bitcoins in another way. I am happy to scan my ID in a bitcoin machine if it asks, (should I though?)
Someone has suggested attending bitcoin meetings, literally I have no idea how I am going to tell people that I am selling bitcoins. Do I HODL a sign in my hand or wear a coin costume?
Any suggestion is appreciated.
Bitcoin wallet: Greenaddress
EDIT: ANOTHER QUESTION. Can I make the transaction with 1 satoshi or will I have to wait hours to get my money?
submitted by Kilexey to Bitcoin [link] [comments]

Do Cardtronics ATMs support Bitcoin?

I see many cardtronics ATM that claim they support bitcoin however ive heard only some of them do.
submitted by Stone766 to Bitcoin [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer Credit / Debit card Cash
Coinbase Coinbase LocalBitcoins
Gemini Bitstamp LibertyX
GDAX Bitit Mycelium LocalTrader
Bitstamp Cex.io BitQuick
Kraken CoinMama WallofCoins
Xapo BitcoinOTC
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More #1, #2 Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap, 99Bitcoins and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. Bitseed is an easy option for getting set up. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

Buying Bitcoin from ATM w/ cash *without* ID?

Hello, I've been looking into buying bitcoin via a bitcoin ATM in my city, but the few I've been to have required a phone number and ID to purchase. I was wondering if anyone could tell me of any bitcoin ATMs which allow you to purchase bitcoin with cash anonymously, or at least without a state-issued ID. I've looked online and found maps of bitcoin ATMs in my city, but rather than visit every single one, can anyone tell me which require ID and which don't? Some examples of ones I see are Kernel, Rockitcoin, Tao Bitcoin, CoinFlip, BlockchainBTM, Bitcoin Depot, Bitcoin of America, Athena Bitcoin, Digital Mint. If this is not possible to do, are there other methods that don't require ID besides local P2P, and is there a good guide on how to get started with the latter? Thanks in advance.
submitted by All-This-Is-That to Bitcoin [link] [comments]

Humanitarian Stellar / XLM Adoption in Cúcuta, Colombia

Humanitarian Stellar / XLM Adoption in Cúcuta, Colombia

Humanitarian Crypto Adoption in Cúcuta, Colombia

Business plan schedule for 2020

Page:
  • General description and background……………………………………………….... 2
  1. Description
  2. General overview
    1. Declaration of goals
    2. General overview
    3. Key objectives
    4. Regional analysis
    5. Key Partners
  • Description of the project………………………………………………………………. 5
  1. The Scope & demarcation of the project
  • Market adoption strategy
  1. Deliverables: Crypto Education Hub
  • Timeline
  • Budget
  1. Programming: Events
  • Budget
  1. Conditions
  2. Payment/Delivery Dates
  • Additional Notes………………………………………………………………………… 9
    • Pain points of the client
    • Operations
      • Tools
      • Future Services

https://www.youtube.com/embed/SsYbS-rco00


1. General Description and Background

- - - - - - - -- - - - - - - -
Description: Cripto Conserje will drive adoption of crypto payments for merchants in LATAM through POS hardware, training and customer support. The goal of Cripto Conserje and its strategic partners is to help Cúcuta, Colombia become the first city in the world to reach 50% crypto adoption, meaning that 50% or more of the local merchants have a crypto-enabled POS (point of sale) system and in doing so developing a framework for cryptocurrency merchant adoption entering different cities in LATAM.
- - - - - - - -- - - - - - - -
Goal Statement: Our goal is to empower local economic actors such as merchants and individuals by providing financial tools that increase liquidity and facilitate means of exchange. We do this through the use of digital assets and grass-roots educational training. In addition to providing direct humanitarian relief to refugees throughout Latin America, our aim is to encourage adoption and to stimulate economic activity.
In order for crypto-adoption to take place, local merchants must be trained and encouraged to accept crypto as a form of payment. This requires a multi-faceted approach.
Table 1: General description
Programs
Processes
Goal
Education
  • Educational material
  • Training videos
  • Training programs
  • Help desk
  • In store / Location marketing
Build a customer base
Hardware
  • POS system for merchants
  • Wallets
  • Hot and cold storage devices
Build Infrastructure
Business and financial services
  • Strategy consulting
  • Fiat exchanges
Build economy
Applications
  • Toshl (accounting)
  • Cointigo
  • Exchanges / ATMs
Build value

Key Objectives

1. Short term milestones

  • Launch Crypto Education Hub in Cúcuta. In partnership with South American Initiative, Cripto Conserje has acquired land to build a community center near Cúcuta.
  • Complete Merchant Adoption pilot program, targeting 100 participating merchants.
  • Improve Testing environment and questionnaires with enhanced features such as automatic reward system based on user experience and knowledge base acquired
  • Offer financial access via SMS by 3rd party service provider CoinTigo.io (see Key Partners for more details)
  • Create educational material; training videos and in-site programs / fast-tracks
  • Advertising and Marketing
  • Live support and online helpdesk for crypto asset management.
  • Repeat model with merchants outside of Cúcuta.

2. Long term milestones

  • Achieve +50% crypto adoption in a major city in Latin America
  • Provide support and aid to economically distressed populations living in Cúcuta, Colombia, especially Venezuelan refugees
  • Prove cryptocurrencies are a workable form of digital cash
  • Establish a successful and safe business operation that is can be easily replicated

Future services include:

  • Help Desk for clients and merchants (regarding issues with wallets, exchanges, etc…)
  • Consulting and continued education (such as crypto asset management courses, walking the client through things like staking, masternodes, and automated trading such as index strategies, lending, etc.)
  • Fiat Exchanges as a service at POS
Regional Overview:
Colombia is among the countries in Latin America with the highest trading volumes of Bitcoin (digital asset). Despite this high volume of trading, few businesses in the region accept cryptocurrencies as a means of payment. There are several explanations for this which include but are not limited to:
  • Lack of Trusted service providers
  • Limited Knowledge Base and “Know-How”
  • Ambiguous legal framework
The Venezuelan diaspora in Cúcuta presents a unique opportunity for these types of projects. Typical crypto asset volatility pales in comparison to the high currency inflation of the Bolivar. A decentralized system, that functions trust-free, is perfect for a displaced population that has limited access to financial services such as banking, savings, and credit. Our main objective is to align the right economic incentives to encourage self-governing communities and autonomous projects, as well as the right educational material and leadership to gain the interest of regional communities.
Cripto Conserje strives to bring financial freedom to Latin America, a region comprised of more than 20 countries with a population of 650 Million people. The regional GDP represents over $10T, however 45% of the population is unbanked. There is a strong need for digital assets adoption in Latin America, particularly among Venezuelans who are suffering under one of the most dramatic economic crises in recent history.
Our initial scope is a three-tier program to increase adoption in Cúcuta.
  1. Online Testing Environment: We will deploy an online test environment to measure the effectiveness of educational training and workshops. After participants and merchants receive technical training, they will take a simple questionnaire to measure the knowledge base and demonstrate a basic understanding of the technology. Once the questionnaire is completed, a paper wallet will be generated and automatically funded with cryptocurrency.
  2. Merchant Onboarding: We will onboard 100 local merchants to begin accepting digital assets as payments using on-site training and digital assets capable point of sales equipment.
  3. End-user Adoption: After merchants are onboarded, we will work with them and local community organizers to distribute 300.000 paper wallets to people living in Cúcuta. Individuals can use these paper wallets at participating merchants for food and other basic goods.
KEY PARTNERS Cripto Conserje has key partners working on the initial Alpha Project. Their support is critical to launching a three-pronged approach to increase crypto adoption in Cúcuta. If you would like to get involved, please contact us.

https://preview.redd.it/dh1tb8rtnb541.png?width=388&format=png&auto=webp&s=825d0b502864f2f7553ef7b7266c81d54ad22ac9
is a group of engineers who provide a service where you can Send & Receive Crypto Currencies Over SMS, No Smartphone or internet needed!, Accept cryptocurrencies in your business, make crypto payments without Internet or become a crypto/local currency exchange in your area in seconds. Much of the construction of Cripto Conserje is thanks to them. Welcome to “layer0” http://cointigo.io/
https://preview.redd.it/g1873xx7ob541.png?width=375&format=png&auto=webp&s=7b90d2b4718eba83665fe6260b186684d9e73684
is the second largest (Red Cross is first) NGO in Venezuela to supply orphanages, hospitals, and desperate families with food, medicine, and shelter. SAI began operating in Venezuela providing humanitarian aid to hospitalized patients, orphaned children, the homeless, elderly who have been abandoned and forgotten in nursing homes and families who do not have shelter or food to eat. It has the only medical program offering help to the epileptic children of Venezuela. https://sai.ngo/
https://preview.redd.it/cbwaza9zob541.png?width=382&format=png&auto=webp&s=45ed624e07bdfdf5f4d98da55672195fb91dc6fa
is a budgeting app that is accessible both via a web-based app and on virtually any mobile device. Toshl’s goal is to make money fun, so they’ve set up a friendly user interface to help you evaluate past spending habits, get a snapshot of your current finances, build realistic budgets for the future, and even remind you when bills are due. They will be donating their PRO subscription to all of our clients a $20 per year subscription. Giving our vendors the ability to link unlimited accounts and create unlimited budgets, they’ll also be able to upload pictures of receipts. https://toshl.com/.

2. Project Description:

Project demarcation: Cripto Conserje has been in operation since April of 2018. We have conducted eight successful training workshops with merchants, paper wallets and different point of sales. We are one of the few projects tackling this problem with local team leads on the ground. We are currently at the second tier of our project.
Digital assets can provide economic stability throughout Latin America, particularly in places such as Venezuela where communities are suffering from severe shortages of food and medicine. Our vision is to achieve 50% crypto adoption in major cities like Bogota, Mexico City, and Buenos Aires.
We report the results of our events and also record videos of the event in progress before the data are in, so that we can be accountable for the results. We also run smaller, non-experimental tests to learn more about what works best and how different types of recipients spend funds they receive. This was how we began our project with 2 paper wallets and an informal merchant.
Defining the scope of the current project:

Market adoption strategy

We want to establish security and sustainability for this cryptocurrency project. In order for a cryptocurrency to be used as a daily use currency, there must be a reliable ecosystem to support both supply and demand.
  • Determine market share adoption process
  • Identify need for crypto POS systems among local merchants
    • Food
    • Medicine
    • Houses and renting
  • Critical adoption locations
    • Market
    • Pharmacies
    • Landlords
We plan to establish Decentralized Finance or “DeFi” accounts and other forms of passive income like hosting MasterNodes as a method of cash flow generation and volatility mitigation for the client (merchants). This will help grow the network and users of cryptocurrency in Colombia and eventually throughout Latin America.
Crypto Education Hub: a Partnership with South American Initiative & Cripto Censerje Institute
SAI & Cripto Conserje are building a facility in Colombia to educate and train Venezuelan refugees crossing the border.
Education is critical so that refugees can learn skills, gain employment and integrate into the local economy. .
Total facility size will be between 2,500 sq. ft. to 3,500 sq. ft. This facility will allocate 50% of the space for Cripto Conserje that will allow for Cryptocurrency education and additional vocational training to help Latin Americans achieve their goals of independent living in Colombia.
Timeline
6-months to 1-year for construction depending construction permits, resource allocation, and site selection.
  1. This timeline does not begin until land is purchased.
  2. Land purchase time is approximately 1-4 months. [IN PROCESS]
  3. Permits 1-3 months for government approval. [IN PROCESS]
  4. Blueprint design and resource allocation [COMPLETE]
  5. SAI will provide staffing for its portion to operate facility
Estimated Education Hub Budget

https://preview.redd.it/kztprhv5rb541.png?width=978&format=png&auto=webp&s=8f908fa05656f76b89c1f2ba524bfef9faabda42
* Materials for interior customization and furniture will be additional costs and depend on Cripto Conserje design and specification. SAI will provide ‘ready-to-use’ office space. Cripto Conserje will furnish remaining spaces for training and local offices.
Training Workshops Budget: The next phase of this project already underway will cost $15,000 USD. These funds will cover developer costs, hardware, shipping, and merchant training sessions.
Table 2: Budget for the Requirements

https://preview.redd.it/f7e3mdocrb541.png?width=1044&format=png&auto=webp&s=c88241e05b69093089514d578788f7a337a18900
Conditions:
Set funding budget and scope to with a tentative timeline prior to start. We also require that funds be exchanged into local currency, our merchants can not live off crypto yet. All media published regarding this event shall have a review process where both parties clear regarding the messaging and delicate nature of human suffering in the crisis.

3. Additional Notes

Customer Pain Points:
Crypto Concierge focuses on helping local merchants set up and manage a crypto-payment solution. Below the three-pronged approach herein has been tabularized and will be used to address the customers key pain points.

https://preview.redd.it/g0j2koqmrb541.png?width=1069&format=png&auto=webp&s=af70abba8ff8f9157db65bddfd4085827c058998
Operations: Market/ merchant adoption is our primary objective. Establishing security and sustainability for a crypto project means getting off the exchanges. The evolution from being a “trader coin” or store of value to being a daily use currency means building belief at the intersection of supply and demand. We are proposing a project that empowers local merchants to use crypto. These services include:
Tools:
  • Personalized/custom SMS POS, Toshl, (see Key Partners for more details)
  • Cryptocurrency Wallets
  • Educational Material: in the form of training videos and in-person programs
  • Advertising and Marketing
    • Merchant Maps, filter by type (storage facilities, drug stores, markets, etc…)
    • Commercialization: in Store/ Location marketing of crypto POS (use of QR stickers in retail)
  • Live support and online helpdesk for crypto asset management.

Future services include:

  • Help Desk for clients and merchants (regarding issues with wallets, exchanges, etc…)
  • Consulting and continued education (such as crypto asset management courses, walking the client through things like staking, masternodes, and automated trading such as index strategies, lending, etc.)
  • Fiat Exchanges as a service at POS

4. Conclusion & Desired Outcomes

Crypto Conserje’s project is aligned with the mission of the broader crypto-community: contributing to humanity through innovation. Our partners will gain brand awareness and user adoption in the emerging crypto-market of LATAM. Ultimately, Crypto Conserje hopes this project will alleviate the humanitarian and economic crisis faced by the people of Cúcuta by giving them an alternative payment system. Finally, we hope this project turns into a blueprint for entering different cities in LATAM.
Find out more on our website: www.criptoconserje.com
Our Youtube Channel or Medium Blog
submitted by criptoconserje to Stellar [link] [comments]

r/Bitcoin recap - August 2019

Hi Bitcoiners!
I’m back with the 32nd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in August 2019
Adoption
Development * Bitcoin Core Developer Andrew Chow is straming his code tests on Twitch (7 Aug)
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

11-18 22:43 - 'List of bitcoin person-to-person (P2P) Exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)' (self.Bitcoin) by /u/cointastical removed from /r/Bitcoin within 2807-2817min

'''
Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example.
Any that I am missing?
Altcoin-only P2P Trading exchanges
AggregatoSearch and Helper Sites
Note: If you use one of the above P2P OTC trade "matchmaking" services, please [trade with caution]45 and do your own due diligence.
This list does not include exchanges not in English (e.g., [58Coin]46 ), deserted or defunct marketplaces (e.g., Cancoin), not-yet launched (e.g., [OTCBoss]47 , [Zismo.io]48 ), ones that operate only through [dark markets]49 , or online-only [DEX/decentralized exchanges]50 ([another list of DEXes]51 ).
Also, there are a number of variants that I didn't list:
Additions, corrections, and other feedback welcome and can be submitted via [e-mail]88 .
[Note: This post is a continuation of an [earlier post]89 that has since been archived and locked. There is also a [corresponding post on Medium]90 with this information as well.]
'''
List of bitcoin person-to-person (P2P) Exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)
Go1dfish undelete link
unreddit undelete link
Author: cointastical
1: bisq.n*tw**k 2: HodlHo**.c*m 3: lightnin*n*t*orkstor*s*co*/w*ll*ts 4: local**i**wap.com 5: www.l*cal*igh*n*n*.ne* 6: lightni*gn****rk*tores.c*m/wa*lets 7: a*o*adesk.*om 8: *ounte**netwo*k 9: *a*l*fcoi*s.com 10: pa*fair.i* 11: bu*cryp*o.**day 12: www.*it***ck.co*buy 13: *emi*a*o.com 14: *o*al*oin.io/buy-sel*-bit*o** 15: my*el*um*com*lt/he*p.h*ml 16: *ww.**ce*ium.*om/lt/*/ 17: L*calBitco*n*.*om 18: *tc.huob*.**/en-us/*r*d*/buy-b*c/ 19: otcb*c.com/*ell_o*fers*currency=****a*p;*iat_c**r*ncy=*n***mp;*ayment_**pe=all 20: c*y*togem.gl**al 21: liber*l*o*ns.co* 22: *ww.co*ncola.co*/buy-b**c**n 23: wazirx.co****p 24: www*g*o*tus.**m/p2p 25: bitz*ato.c*m/p** 26: bu*coins.afric*/*** 27: w***swapngo*org 28: red**t.c*m*C*sh4Cas* 29: *e*d*t.**m/r*C*sh4**sh/co*ments/6zz7r7 30: redd*t*com***ftC*rdE*change 31: re*dit.com/gi*t**rd*x**ange/*omme*t*/2*ig0*/ 32: *eddit**om/BitMa*k** 33: redd*t.com/*/giftca*d**cha*ge/comm*n**/2***0n/ 34: b**halo.or* 35: op*nbazaar.c*m/discove*/re***ts*?t**e=cr**t*cur*ency 36: *o***mone*o.co/buy_m*nero 37: *ocalet*ereu*.co* 38: a*p*d*ther.io 39: ***a*.bitcoin.com 40: trustless*e*hfi**x.co*/*tc 41: **c.Hubi.c*m 42: ww*.kucoin**om/o*c 43: co*ne*t*d.io 44: Exc*an*eRa*es*pro 45: w*w**ry*to***order*com/2019*02/08**h*ngs-you*wa*t-t***now-before-buying-bit*oi*s-from-a-p*p-ma*k**p**c* 46: c2c.**ex*com 47: ga*.c**/*TCBOSS 48: *ismo*io 49: 99*itco*ns.c**/ac*ess*ng-da*k-net**nder*minu*es-be*i*n*r*-gui*e 50: www.*rypt*mo***w*com/2*19*02/06/li**-of-d*x-*rypt*-exc*an*es 51: distribu**d.*i***b.*o/index 52: www.b***oinpi**de/bit*oi*-*tore 53: w*w.*hehouseo***kamo*o**o*/*n/standort 54: *u*Bitcoin.Lon**n 55: *u*olo.io 56: y*p*cx 57: bi*co*nd*a*er*.com.au/b*y***tcoins.h*ml 58: w*w.c**ptop*ug*n*lewoo*.com 59: *ebito**com 60: c*in*fy.c*m 61: coi*corn*r.*o* 62: *pp.*ub*ter.com/n**o*debu* 63: bi*tyliciou**c*m 64: b*tir*lan*.ie 65: m*ney.k*na*io 66: www.lite*it.*u/***buy 67: *oni*.com 68: *rypto*o*cher.*o 69: getsat***i*org/ 70: li*htningne**orkst*r*s.*om*wallet* 71: w*w.b*tquic*.co/qu**k*buy 72: *as*.ap*/bi*coin 73: w*w.*ardcoin*.co* 74: cry*tovou***r.io 75: bitof.**/ 76: *zte.co/ve*dor*.*t*l 77: fa**bitco*ns.***/#*ocations 78: lib**tyx.c*m 79: www.ri*ewall*t*com*loc*t*o*s 80: Co*nA*MRadar**om 81: ww**c*ins*ar.c*m/b*tcoin 82: coinm*.com*k*os*s 83: www*sbb.c*/en*st*tion-se*vic*s/services**urther-**r*i*es*ticket-*a**ine-serv*ces/b*tc*i*.**m* 84: pur**.io 85: Lam*um.i* 86: *ii*p*y.com 87: *e*ium.com/*c**ntastical/bit*o*n-cry**o-o*c-**a**n**desks-7f77276*6dc 88: *oin***[email protected]*mail.*om 89: redd*t***m/Bitcoin/c*mm**ts*b2*j6k 90: m*dium.co****ointa*tic*l*p2p-otc-e*change*-*-g-lo*al*itco**s-*i*q-hodlho*l*etc-*0f293a*c7**
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Emergent Coding FAQ

Background reading
  1. https://youtu.be/-MMQUspVduo ELI5 with pictures.
  2. https://youtu.be/ZSkZxOJ5HPA Hello World using Emergent Coding
  3. https://codevalley.com/whitepaper.pdf This document treats Emergent coding from a philosophical perspective. It has a good introduction, description of the tech and is followed by two sections on justifications from the perspective of Fred Brooks No Silver Bullet criteria and an industrialization criteria.
  4. Mark Fabbro's presentation from the Bitcoin Cash City Conference which outlines the motivation, basic mechanics, and usage of Bitcoin Cash in reproducing the industrial revolution in the software industry.
  5. Building the Bitcoin Cash City presentation highlighting how the emergent coding group of companies fit into the adoption roadmap of North Queensland.
  6. Forging Chain Metal by Paul Chandler CEO of Aptissio, one of startups in the emergent coding space and which secured a million in seed funding last year.
  7. Bitcoin Cash App Exploration A series of Apps that are some of the first to be built by emergent coding and presented, and in the case of Cashbar, demonstrated at the conference.
  8. A casual Bitcoin Cash interview that touches on emergent coding, tech park, merchant adoption and much more.
How does Emergent Coding prevent developer capture?
A developer's Agent does not know what project they are contributing to and is thus paid for the specific contribution. The developer is controlling the terms of the payment rather than the alternative, an employer with an employment agreement.
Why does Emergent Coding use Bitcoin BCH?
  1. Both emergent coding and Bitcoin BCH are decentralized: As emergent coding is a decentralized development environment consisting of Agents providing respective design services, each contract received by an agent requires a BCH payment. As Agents are hosted by their developer owners which may be residing in one of 150 countries, Bitcoin Cash - an electronic peer-to-peer electronic cash system - is ideal to include a developer regardless of geographic location.
  2. Emergent coding will increase the value of the Bitcoin BCH blockchain: With EC, there are typically many contracts to build an application (Cashbar was designed with 10000 contracts or so). EC adoption will increase the value of the Bitcoin BCH blockchain in line with this influx of quality economic activity.
  3. Emergent coding is being applied to BCH software first: One of the first market verticals being addressed with emergent coding is Bitcoin Cash infrastructure. We are already seeing quality applications created using emergent coding (such as the HULA, Cashbar, PH2, vending, ATMs etc). More apps and tools supporting Bitcoin cash will attract more merchants and business to BCH.
  4. Emergent coding increases productivity: Emergent coding increases developer productivity and reduces duplication compared to other software development methods. Emergent coding can provide BCH devs with an advantage over other coins. A BCH dev productivity advantage will accelerate Bitcoin BCH becoming the first global currency.
  5. Emergent coding produces higher quality binaries: Higher quality software leads to a more reliable network.

1. Who/what is Code Valley? Aptissio? BCH Tech Park? Mining and Server Complex?
Code Valley Corp Pty Ltd is the company founded to commercialize emergent coding technology. Code Valley is incorporated in North Queensland, Australia. See https://codevalley.com
Aptissio Australia Pty Ltd is a company founded in North Queensland and an early adopter of emergent coding. Aptissio is applying EC to Bitcoin BCH software. See https://www.aptissio.com
Townsville Technology Precincts Pty Ltd (TTP) was founded to bring together partners to answer the tender for the Historic North Rail Yard Redevelopment in Townsville, North Queensland. The partners consist of P+I, Conrad Gargett, HF Consulting, and a self-managed superannuation fund(SMSF) with Code Valley Corp Pty Ltd expected to be signed as an anchor tenant. TTP answered a Townsville City Council (TCC) tender with a proposal for a AUD$53m project (stage 1) to turn the yards into a technology park and subsequently won the tender. The plan calls for the bulk of the money is to be raised in the Australian equity markets with the city contributing $28% for remediation of the site and just under 10% from the SMSF. Construction is scheduled to begin in mid 2020 and be competed two years later.
Townsville Mining Pty Ltd was set up to develop a Server Complex in the Kennedy Energy Park in North Queensland. The site has undergone several studies as part of a due diligence process with encouraging results for its competitiveness in terms of real estate, power, cooling and data.
  1. TM are presently in negotiations with the owners of the site and is presently operating under an NDA.
  2. The business model calls for leasing "sectors" to mining companies that wish to mine allowing companies to control their own direction.
  3. Since Emergent Coding uses the BCH rail, TM is seeking to contribute to BCH security with an element of domestic mining.
  4. TM are working with American partners to lease one of the sectors to meet that domestic objective.
  5. The site will also host Emergent Coding Agents and Code Valley and its development partners are expected to lease several of these sectors.
  6. TM hopes to have the site operational within 2 years.
2. What programming language are the "software agents" written in.
Agents are "built" using emergent coding. You select the features you want your Agent to have and send out the contracts. In a few minutes you are in possession of a binary ELF. You run up your ELF on your own machine and it will peer with the emergent coding and Bitcoin Cash networks. Congratulations, your Agent is now ready to accept its first contract.
3. Who controls these "agents" in a software project
You control your own Agents. It is a decentralized development system.
4. What is the software license of these agents. Full EULA here, now.
A license gives you the right to create your own Agents and participate in the decentralized development system. We will publish the EULA when we release the product.
5. What kind of software architecture do these agents have. Daemons Responding to API calls ? Background daemons that make remote connection to listening applications?
Your Agent is a server that requires you to open a couple of ports so as to peer with both EC and BCH networks. If you run a BCH full node you will be familiar with this process. Your Agent will create a "job" for each contract it receives and is designed to operate thousands of jobs simultaneously in various stages of completion. It is your responsibility to manage your Agent and keep it open for business or risk losing market share to another developer capable of designing the same feature in a more reliable manner (or at better cost, less resource usage, faster design time etc.). For example, there is competition at every classification which is one reason emergent coding is on a fast path for improvement.
It is worth reiterating here that Agents are only used in the software design process and do not perform any role in the returned project binary.
6. What is the communication protocol these agents use.
The protocol is proprietary and is part of your license.
7. Are the agents patented? Who can use these agents?
It is up to you if you want to patent your Agent the underlying innovation behind emergent coding is _feasible_ developer specialization. Emergent coding gives you the ability to contribute to a project without revealing your intellectual property thus creating prospects for repeat business; It renders software patents moot.
Who uses your Agents? Your Agents earn you BCH with each design contribution made. It would be wise to have your Agent open for business at all times and encourage everyone to use your design service.
8. Do I need to cooperate with Code Valley company all of the time in order to deploy Emergent Coding on my software projects, or can I do it myself, using documentation?
It is a decentralized system. There is no single point of failure. Code Valley intends to defend the emergent coding ecosystem from abuse and bad actors but that role is not on your critical path.
9. Let's say Electron Cash is an Emergent Coding project. I have found a critical bug in the binary. How do I report this bug, what does Jonald Fyookball need to do, assuming the buggy component is a "shared component" puled from EC "repositories"?
If you built Electron Cash with emergent coding it will have been created by combining several high level wallet features designed into your project by their respective Agents. Obviously behind the scenes there are many more contracts that these Agents will let and so on. For example the Cashbar combines just 16 high level Point-of-Sale features but ultimately results in more than 10,000 contracts in toto. Should one of these 10,000 make a design error, Jonald only sees the high level Agents he contracted. He can easily pinpoint which of these contractors are in breach. Similarly this contractor can easily pinpoint which of its sub-contractors is in breach and so on. The offender that breached their contract wherever in the project they made their contribution, is easily identified. For example, when my truck has a warranty problem, I do not contact the supplier of the faulty big-end bearing, I simply take it back to Mazda who in turn will locate the fault.
Finally "...assuming the buggy component is a 'shared component' puled from EC 'repositories'?" - There are no repositories or "shared component" in emergent coding.
10. What is your licensing/pricing model? Per project? Per developer? Per machine?
Your Agent charges for each design contribution it makes (ie per contract). The exact fee is up to you. The resulting software produced by EC is unencumbered. Code Valley's pricing model consists of a seat license but while we are still determining the exact policy, we feel the "Valley" (where Agents advertise their wares) should charge a small fee to help prevent gaming the catalogue and a transaction fee to provide an income in proportion to operations.
11. What is the basic set of applications I need in order to deploy full Emergent Coding in my software project? What is the function of each application? Daemons, clients, APIs, Frontends, GUIs, Operating systems, Databases, NoSQLs? A lot of details, please.
There's just one. You buy a license and are issued with our product called Pilot. You run Pilot (node) up on your machine and it will peer with the EC and BCH networks. You connect your browser to Pilot typically via localhost and you're in business. You can build software (including special kinds of software like Agents) by simply combining available features. Pilot allows you to specify the desired features and will manage the contracts and decentralized build process. It also gives you access to the "Valley" which is a decentralized advertising site that contains all the "business cards" of each Agent in the community, classified into categories for easy search.
If we are to make a step change in software design, inventing yet another HLL will not cut it. As Fred Brooks puts it, an essential change is needed.
12. How can I trust a binary when I can not see the source?
The Emergent Coding development model is very different to what you are use to. There are ways of arriving at a binary without Source code.
The Agents in emergent coding design their feature into your project without writing code. We can see the features we select but can not demonstrate the source as the design process doesn't use a HLL.
The trust model is also different. The bulk of the testing happens _before_ the project is designed not _after_. Emergent Coding produces a binary with very high integrity and arguably far more testing is done in emergent coding than in incumbent methods you are used to.
In emergent coding, your reputation is built upon the performance of your Agent.
If your Agent produces substandard features, you are simply creating an opportunity for a competitor to increase their market share at your expense.
Here are some points worth noting regarding bad actor Agents:
  1. An Agent is a specialist and in emergent coding is unaware of the project they are contributing to. If you are a bad actor, do you compromise every contract you receive? Some? None?
  2. Your client is relying on the quality of your contribution to maintain their own reputation. Long before any client will trust your contributions, they will have tested you to ensure the quality is at their required level. You have to be at the top of your game in your classification to even win business. This isn't some shmuck pulling your routine from a library.
  3. Each contract to your agent is provisioned. Ie you advertise in advance what collaborations you require to complete your design. There is no opportunity for a "sign a Bitcoin transaction" Agent to be requesting "send an HTTP request" collaborations.
  4. Your Agent never gets to modify code, it makes a design contribution rather than a code contribution. There is no opportunity to inject anything as the mechanism that causes the code to emerge is a higher order complexity of all Agent involvement.
  5. There is near perfect accountability in emergent coding. You are being contracted and paid to do the design. Every project you compromise has an arrow pointed straight at you should it be detected even years later.
Security is a whole other ball game in emergent coding and current rules do not necessarily apply.
13. Every time someone rebuilds their application, do they have to pay over again for all "design contributions"? (Or is the ability to license components at fixed single price for at least a limited period or even perpetually, supported by the construction (agent) process?)
You are paying for the design. Every time you build (or rebuild) an application, you pay the developers involved. They do not know they are "rebuilding". This sounds dire but its costs far less than you think and there are many advantages. Automation is very high with emergent coding so software design is completed for a fraction of the cost of incumbent design methods. You could perhaps rebuild many time before matching incumbent methods. Adding features is hard with incumbent methods "..very few late-stage additions are required before the code base transforms from the familiar to a veritable monster of missed schedules, blown budgets and flawed products" (Brooks Jr 1987) whereas with emergent coding adding a late stage feature requires a rebuild and hence seamless integration. With Emergent Coding, you can add an unlimited number of features without risking the codebase as there isn't one.
The second part of your question incorrectly assumes software is created from licensed components rather than created by paying Agents to design features into your project without any licenses involved.
14. In this construction process, is the vendor of a particular "design contribution" able to charge differential rates per their own choosing? e.g. if I wanted to charge a super-low rate to someone from a 3rd world country versus charging slightly more when someone a global multinational corporation wants to license my feature?
Yes. Developers set the price and policy of their Agent's service. The Valley (where your Agent is presently advertised) presently only supports a simple price policy. The second part of your question incorrectly assumes features are encumbered with licenses. A developer can provide their feature without revealing their intellectual property. A client has the right to reuse a developer's feature in another project but will find it uneconomical to do so.
15. Is "entirely free" a supported option during the contract negotiation for a feature?
Yes. You set the price of your Agent.
16. "There is no single point of failure." Right now, it seems one needs to register, license the construction tech etc. Is that going to change to a model where your company is not necessarily in that loop? If not, don't you think that's a single point of failure?
It is a decentralized development system. Once you have registered you become part of a peer-to-peer system. Code Valley has thought long and hard about its role and has chosen the reddit model. It will set some rules for your participation and will detect or remove bad actors. If, in your view, Code Valley becomes a bad actor, you have control over your Agent, private keys and IP, you can leave the system at any time.
17. What if I can't obtain a license because of some or other jurisdictional problem? Are you allowed to license the technology to anywhere in the world or just where your government allows it?
We are planning to operate in all 150 countries. As ec is peer-to-peer, Code Valley does not need to register as a digital currency exchange or the like. Only those countries banning BCH will miss out (until such times as BCH becomes the first global electronic cash system).
18.
For example the Cashbar combines just 16 high level Point-of-Sale features but ultimately results in more than 10,000 contracts in toto.
It seems already a reasonably complex application, so well done in having that as a demo.
Thank you.
19. I asked someone else a question about how it would be possible to verify whether an application (let's say one received a binary executable) has been built with your system of emergent consensus. Is this possible?
Yes of course. If you used ec to build an application, you can sign it and claim anything you like. Your client knows it came from you because of your signature. The design contributions making up the application are not signed but surprisingly there is still perfect accountability (see below).
20. I know it is possible to identify for example all source files and other metadata (like build environment) that went into constructing a binary, by storing this data inside an executable.
All metadata emergent coding is now stored offline. When your Agent completes a job, you have a log of the design agreements you made with your peers etc., as part of the log. If you are challenged at a later date for breaching a design contract, you can pull your logs to see what decisions you made, what sub-contracts were let etc. As every Agent has their own logs, the community as a whole has a completely trustless log of each project undertaken.
21. Is this being done with EC build products and would it allow the recipient to validate that what they've been provided has been built only using "design contributions" cryptographically signed by their providers and nothing else (i.e. no code that somehow crept in that isn't covered by the contracting process)?
The emergent coding trust model is very effective and has been proven in other industries. Remember, your Agent creates a feature in my project by actually combining smaller features contracted from other Agents, thus your reputation is linked to that of your suppliers. If Bosch makes a faulty relay in my Ford, I blame Ford for a faulty car not Bosch when my headlights don't work. Similarly, you must choose and vet your sub-contractors to the level of quality that you yourself want to project. Once these relationships are set up, it becomes virtually impossible for a bad actor to participate in the system for long or even from the get go.
22. A look at code generated and a surprising answer to why is every intermediate variable spilled?
Thanks to u/R_Sholes, this snippet from the actual code for: number = number * 10 + digitgenerated as a part of: sub read/integeboolean($, 0, 100) -> guess
; copy global to local temp variable 0x004032f2 movabs r15, global.current_digit 0x004032fc mov r15, qword [r15] 0x004032ff mov rax, qword [r15] 0x00403302 movabs rdi, local.digit 0x0040330c mov qword [rdi], rax ; copy global to local temp variable 0x0040330f movabs r15, global.guess 0x00403319 mov r15, qword [r15] 0x0040331c mov rax, qword [r15] 0x0040331f movabs rdi, local.num 0x00403329 mov qword [rdi], rax ; multiply local variable by constant, uses new temp variable for output 0x0040332c movabs r15, local.num 0x00403336 mov rax, qword [r15] 0x00403339 movabs rbx, 10 0x00403343 mul rbx 0x00403346 movabs rdi, local.num_times_10 0x00403350 mov qword [rdi], rax ; add local variables, uses yet another new temp variable for output 0x00403353 movabs r15, local.num_times_10 0x0040335d mov rax, qword [r15] 0x00403360 movabs r15, local.digit 0x0040336a mov rbx, qword [r15] 0x0040336d add rax, rbx 0x00403370 movabs rdi, local.num_times_10_plus_digit 0x0040337a mov qword [rdi], rax ; copy local temp variable back to global 0x0040337d movabs r15, local.num_times_10_plus_digit 0x00403387 mov rax, qword [r15] 0x0040338a movabs r15, global.guess 0x00403394 mov rdi, qword [r15] 0x00403397 mov qword [rdi], rax For comparison, an equivalent snippet in C compiled by clang without optimizations gives this output: imul rax, qword ptr [guess], 10 add rax, qword ptr [digit] mov qword ptr [guess], rax 
Collaborations at the byte layer of Agents result in designs that spill every intermediate variable.
Firstly, why this is so?
Agents from this early version only support one catch-all variable design when collaborating. Similar to a compiler when all registers contain variables, the compiler must make a decision to spill a register temporarily to main memory. The compiler would still work if it spilled every variable to main memory but would produce code that would be, as above, hopelessly inefficient.
However, by only supporting the catch-all portion of the protocol, the code valley designers were able to design, build and deploy these agents faster because an Agent needs fewer predicates in order to participate in these simpler collaborations.
The protocol involved however, can have many "Policies" besides the catch-all default policy (Agents can collaborate over variables designed to be on the stack, or, as is common for intermediate variables, designed to use a CPU register, and so forth).
This example highlights one of the very exciting aspects of emergent coding. If we now add a handful of additional predicates to a handful of these byte layer agents, henceforth ALL project binaries will be 10x smaller and 10x faster.
Finally, there can be many Agents competing for market share at each of classification. If these "gumby" agents do not improve, you can create a "smarter" competitor (ie with more predicates) and win business away from them. Candy from a baby. Competition means the smartest agents bubble to the top of every classification and puts the entire emergent coding platform on a fast path for improvement. Contrast this with incumbent libraries which does not have a financial incentive to improve. Just wait until you get to see our production system.
23. How hard can an ADD Agent be?
Typically an Agent's feature is created by combining smaller features from other Agents. The smallest features are so devoid of context and complexity they can be rendered by designing a handful of bytes in the project binary. Below is a description of one of these "byte" layer Agents to give you an idea how they work.
An "Addition" Agent creates the feature of "adding two numbers" in your project (This is an actual Agent). That is, it contributes to the project design a feature such that when the project binary is delivered, there will be an addition instruction somewhere in it that was designed by the contract that was let to this Agent.
If you were this Agent, for each contract you received, you would need to collaborate with peers in the project to resolve vital requirements before you can proceed to design your binary "instruction".
Each paid contract your Agent receives will need to participate in at least 4 collaborations within the design project. These are:
  1. Input A collaboration
  2. Input B collaboration
  3. Result collaboration
  4. Construction site collaboration
You can see from the collaborations involved how your Agent can determine the precise details needed to design its instruction. As part of the contract, the Addition Agent will be provisioned with contact details so it can join these collaborations. Your Agent must collaborate with other stakeholders in each collaboration to resolve that requirement. In this case, how a variable will be treated. The stakeholders use a protocol to arrive at an Agreement and share the terms of the agreement. For example, the stakeholders of collaboration “Input A” may agree to treat the variable as an signed 64bit integer, resolve to locate it at location 0x4fff2, or alternatively agree that the RBX register should be used, or agree to use one of the many other ways a variable can be represented. Once each collaboration has reached an agreement and the terms of that agreement distributed, your Agent can begin to design the binary instruction. The construction site collaboration is where you will exactly place your binary bytes.
The construction site protocol is detailed in the whitepaper and is some of the magic that allows the decentralized development system to deliver the project binary. The protocol consists of 3 steps,
  1. You request space in the project binary be reserved.
  2. You are notified of the physical address of your requested space.
  3. You delver the the binary bytes you designed to fill the reserved space.
Once the bytes are returned your Agent can remove the job from its work schedule. Job done, payment received, another happy customer with a shiny ADD instruction designed into their project binary.
Note:
  1. Observe how it is impossible for this ADD Agent to install a backdoor undetected by the client.
  2. Observe how the Agent isn’t linking a module, or using a HLL to express the binary instruction.
  3. Observe how with just a handful of predicates you have a working "Addition" Agent capable of designing the Addition Feature into a project with a wide range of collaboration agreements.
  4. Observe how this Agent could conceivably not even design-in an ADD instruction if one of the design time collaboration agreements was a literal "1" (It would design in an increment instruction). There is even a case where this Agent may not deliver any binary to build its feature into your project!
24. How does EC arrive at a project binary without writing source code?
Devs using EC combine features to create solutions. They don't write code. EC devs contract Agents which design the desired features into their project for a fee. Emergent coding uses a domain specific contracting language (called pilot) to describe the necessary contracts. Pilot is not a general purpose language. As agents create their features by similarly combining smaller features contracted from peer, your desired features may inadvertently result in thousands of contracts. As it is agents all the way down, there is no source code to create the project binary.
Traditional: Software requirements -> write code -> compile -> project binary (ELF).
Emergent coding: Select desired features -> contract agents -> project binary (ELF).
Agents themselves are created the same way - specify the features you want your agent to have, contract the necessary agents for those features and viola - agent project binary (ELF).
25. How does the actual binary code that agents deliver to each other is written?
An agent never touches code. With emergent coding, agents contribute features to a project, and leave the project binary to emerge as the higher-order complexity of their collective effort. Typically, agents “contribute” their feature by causing smaller features to be contributed by peers, who in turn, do likewise. By mapping features to smaller features delivered by these peers, agents ensure their feature is delivered to the project without themselves making a direct code contribution.
Peer connections established by these mappings serve to both incrementally extend a temporary project “scaffold” and defer the need to render a feature as a code contribution. At the periphery of the scaffold, features are so simple they can be rendered as a binary fragment with these binary fragments using the information embodied by the scaffold to guide the concatenation back along the scaffold to emerge as the project binary - hence the term Emergent Coding.
Note the scaffold forms a temporary tree-like structure which allows virtually all the project design contracts to be completed in parallel. The scaffold also automatically limits an agent's scope to precisely the resources and site for their feature. It is why it is virtually impossible for an agent to install a "back door" or other malicious code into the project binary.
submitted by nlovisa to EmergentCoding [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

BuyBitcoinWorldwide.com is a very helpful site for beginners. You can buy or sell any amount of bitcoin and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also, check out the bitcoinity exchange resources for a larger list of options for purchases.
Bank Transfer / Credit card Cash
Coinbase LocalBitcoins
Gemini LibertyX
GDAX Mycelium LocalTrader
Poloniex BitQuick
Bitstamp WallofCoins
Kraken BitcoinOTC
Xapo
SnapCard
Cex.io
itBit
Bitit
Bitsquare
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Cashila or Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

A more comprehensive list can be found at the Trade FAQ but some more commons ones are below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Steam, HumbleBundle, GreenmanGaming, and Coinplay.io For when you need to get your game on
Microsoft Xbox games, phone apps and software
Spendabit, The Bitcoin Shop, Overstock, Rakuten, DuoSearch, The Bitcoin Directory and BazaarBay Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg, TigerDirect and Dell For all your electronics needs
Cashila, Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, Pey.de, LivingRoomofSatoshi, Wagepoint, Hyphen.to, Coinsfer, GetPaidinBitcoin, Coins.co.th, More Bill payment
Foodler, Takeaway, Thuisbezorgd NL, Pizza For Coins Takeout delivered to your door!
Expedia, Cheapair, Lot, Destinia, BTCTrip, Abitsky, SkyTours, Fluege the Travel category on Gyft and 9flats For when you need to get away
BoltVM, BitHost VPS service
Cryptostorm, Mullvad, and PIA VPN services
Namecheap For new domain name registration
Stampnik and GetUSPS Discounted USPS Priority, Express, First-Class mail postage
Reddit Gold Premium membership which can be gifted to others
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations, such as Wikipedia, Red Cross, Amnesty International, United Way, ACLU and the EFF. You can find a longer list here.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
Bitwage, XBTfreelancer, Cryptogrind, Bitlancerr, Coinality, Bitgigs, /Jobs4Bitcoins, Rein Project Freelancing
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
Watchmybit, Streamium.io, OTika.tv, XOtika.tv NSFW, /GirlsGoneBitcoin NSFW Video Streaming
Bitasker, BitforTip, WillPayCoin Tasks
Supload.com, SatoshiBox, JoyStream, File Army File/Image Sharing
CoinAd, A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins)

Bitcoin Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network, Amiko Pay, and Strawpay Payment channels for network scaling
Blockstream and Drivechain Sidechains
21, Inc. Open source library for the machine payable web
ShapeShift.io Trade between bitcoins and altcoins easily
Open Transactions, Counterparty, Omni, Open Assets, Symbiont and Chain Financial asset platforms
Hivemind and Augur Prediction markets
Mirror Smart contracts
Mediachain Decentralized media library
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
Samourai and Dark Wallet - abandoned Privacy-enhancing wallets
JoinMarket CoinJoin implementation (Increase privacy and/or Earn interest on bitcoin holdings)
Coinffeine and Bitsquare Decentralized bitcoin exchanges
Keybase and Bitrated Identity & Reputation management
Bitmesh and Telehash Mesh networking
JoyStream BitTorrent client with paid seeding
MORPHiS Decentralized, encrypted internet
Storj and Sia Decentralized file storage
Streamium and Faradam Pay in real time for on-demand services
Abra Global P2P money transmitter network
bitSIM PIN secure hardware token between SIM & Phone
Identifi Decentralized address book w/ ratings system
Coinometrics Institutional-level Bitcoin Data & Research
Blocktrail and BitGo Multisig bitcoin API
Bitcore Open source Bitcoin javascript library
Insight Open source blockchain API
Leet Kill your friends and take their money ;)

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin μBTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (μL) or micrometre (μm)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BinaryResult to Bitcoin [link] [comments]

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