BTG Core Wallet V0.17 Bitcoin Gold

BitGold Founders Roy and Josh Discuss BitGold, Bitcoin and Money

BitGold Founders Roy and Josh Discuss BitGold, Bitcoin and Money submitted by priuspilot to Bitcoin [link] [comments]

Bitgold bitcoin processing time 1-3 business days?

submitted by BitcoinAll to BitcoinAll [link] [comments]

Nick Szabo came up with “Bit Gold” in 1998, an idea that was cited by Satoshi in Bitcoin’s whitepaper as being an important inspiration: “Bitcoin is an implementation of Wei Dai’s b-money proposal […] on Cypherpunks […] in 1998 and Nick Szabo’s Bitgold proposal,”

Nick Szabo came up with “Bit Gold” in 1998, an idea that was cited by Satoshi in Bitcoin’s whitepaper as being an important inspiration: “Bitcoin is an implementation of Wei Dai’s b-money proposal […] on Cypherpunks […] in 1998 and Nick Szabo’s Bitgold proposal,” submitted by TillAntonio to Bitcoin [link] [comments]

[Event] Russia replaces Ruble with Gold Backed Bitcoin Fork BitGold BTG

Economic activities happen rapidly in Russia. The 2 day €20k cap on price of BTG (same as BTC parallel blockchain) actually stabilises the price for years. Now Euro has replaced PetroDollar sharing half the volume with BTG backed PetroBit. USA dollar value reduces but surprisingly no change in lifestyle at all except more expensive into travel. USA forced to self rely and reduce imports actually stimulates USA and world economy. Russia moves into another level altogether skipping generations of growth in one swoop. Mysteriously The Secret Gold Caches of U.K. Are gone...somewhere. Euro interchanges with Pound even though England is banned from ever reentering EU. Similarly New Shekel, Rupee, Yuan, are adopted by friendly neighbours. It is a time of great upheaval and adventure.
submitted by kbxads to GlobalPowers [link] [comments]

Bitcoin.com youtube channel posted a video about the top people that could be Satoshi with Nick Szabo as number 1. WTF???? Nick Szabo only ever been interested in Bitgold ai, not in currency. Satoshi only ever was interested in currency and a payment network. Also John Nash is missing.

Bitcoin.com youtube channel posted a video about the top people that could be Satoshi with Nick Szabo as number 1. WTF???? Nick Szabo only ever been interested in Bitgold ai, not in currency. Satoshi only ever was interested in currency and a payment network. Also John Nash is missing. submitted by vegasbooty to Cryptoandme [link] [comments]

I propose the following milestone: BitGold Day = the day the value of one bitcoin equals the value of one ounce of gold.

This will be a hugely significant event in the history of Bitcoin and no doubt will get widespread coverage by the media.
It will point out even more clearly Bitcoin's permanance, durability and acceptance.
submitted by georedd to Bitcoin [link] [comments]

What if you had all the benefits of Bitcoin with the **price stability** of gold? It now exists and it’s called bitGOLD. Skeptical? I'll give you $1 worth of gold which at current Kitco spot rate is 0.000827 oz. Come make history with us!

Hello /CryptoCurrency,
I’m here to explain what bitGOLD is and why you should pay attention to it.
BitGOLD is exactly like Bitcoin (you hold the private keys) only it’s pegged to the value of real gold. 1 ounce of bitGOLD will always equal the value of 1 ounce of real gold. That means if real gold goes up in value, so does bitGOLD (and vice versa). Think of it as a cryptographic derivative pegged to the value of a real world asset. There is also bitUSD, bitEUR and bitBTC (theoretically any real world asset can be used in this way, even silver, oil and McDonalds big macs - as long as it has a price and is quantifiable).
The main issue with Bitcoin in terms of mainstream adoption has always been its volatility. It goes up and down in value so much it’s impossible to use as a currency. The ideal solution would be to have the best of both worlds: a crypto that you hold the private keys to but is also pegged to the value of either precious metals like gold or a fiat currency like USD.
PLEASE DO NOT DISMISS THIS IDEA JUST BECAUSE YOU MAY CURRENTLY HOLD BITCOIN
For the remainder of this day I will be handing out $1 worth of bitGOLD to all interested redditors (no sock puppets please, I'll know).
This is what you need to do:
STEP #1: Click here to download the Bitshares client.
STEP #2: Locate your public key here and copy and paste it as a reply to >this thread.
When you do this I will reply with further instructions.
Please keep in mind the BitShares software is still in BETA so bear with these complicated steps. They will be phased out very soon.
I truly believe this is the next step in the future of peer-to-peer money and would be more than happy to answer any questions you may have. I understand many of you will be (rightfully) skeptical of this new technology. I am prepared to answer any question, no matter how hard you think it is.
For more technical details on how market pegged assets work, please go to wiki.bitshares.org (an official whitepaper is coming soon).
If you are a member of the press please contact [email protected] for direct communication with our marketing division.
Here’s the technical TL;DR for those interested: (this uses bitUSD as an example, not bitGOLD)
BitShares is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. BitShares has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares special is that it also implements a business model similar to existing banks or brokerages.
BitShares can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares uses BTS as collateral. Short orders are forced to cover when 66% of their collateral is required to cover, leaving the short with 33% of the collateral minus a 5% fee.
The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTS. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss.
BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTS otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares all short positions (those borrowing BitUSD) must start out with enough BTS as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin.
In the rare event that the value of BTS falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
submitted by MeTHoDx to CryptoCurrency [link] [comments]

Quadriga founder / ex Bitcoin foundation guy was found guilty of money laundering back in the BitGold days

Quadriga founder / ex Bitcoin foundation guy was found guilty of money laundering back in the BitGold days submitted by jackjill9500 to Buttcoin [link] [comments]

Nick Szabo failed with BitGold, and now tries to transform Satoshi's Bitcoin Peer-To-Peer-Electronic Cash into Bitcoin Gold; Prediction: He will fail again

Nick Szabo failed with BitGold, and now tries to transform Satoshi's Bitcoin Peer-To-Peer-Electronic Cash into Bitcoin Gold; Prediction: He will fail again submitted by Shock_The_Stream to btc [link] [comments]

Nick Szabo: "I designed bitcoin....., uh bitgold, with two layers because..."

I noticed an interesting slip of the tongue in this Tim Ferris podcast - at around the 1 hour 35 minute mark. Nick Szabo came up with the Bitgold proposal which preceded and apparently heavily influenced Bitcoin.
submitted by shadowbummer to Bitcoin [link] [comments]

BitGold Wants People to Buy Gold with Bitcoin, Looks to Go Public

BitGold Wants People to Buy Gold with Bitcoin, Looks to Go Public submitted by vlarocca to Bitcoin [link] [comments]

I’m genuinely curious

I’m genuinely curious submitted by Ikcatcher to CryptoCurrency [link] [comments]

[uncensored-r/Bitcoin] Upcoming Oct.25 fork Bitgold- any wallet known to honor the bitgold for the btc stored in them?

The following post by mitchfm is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/76zj8s
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] BitGold off 44% on BitFinex

The following post by Uberse is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7chzl4
The original post's content was as follows:
[removed]
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David Seaman: Crypto Currencies Like Bitcoin/Ethereum & Bitgold Can Change The World? What he says at 34 mins about gold becoming a usable currency again is exactly what DIGIXDAO has built using Ethereum.

David Seaman: Crypto Currencies Like Bitcoin/Ethereum & Bitgold Can Change The World? What he says at 34 mins about gold becoming a usable currency again is exactly what DIGIXDAO has built using Ethereum. submitted by TonyMcCarp to ethtrader [link] [comments]

[TASK] [Risky?] Need to transform ~$220 in BitGold gold into Bitcoin or Paypal, ASAP. I can't withdraw it, but you may be able to.

Okay, so here's the thing: I'm suddenly in need of some money (Second "sudden death" phone in 1 year, and I'm a student). I'm almost certainly sure the first one has a motherboard issue, and the replacement here in Argentina costs USD 210. Now, as I said above, I'm a student, and I don't exactly have many money (I upgraded my PC a few months back, still barely paying it. But I need the phone for college, and this could be the solution.
Now, about the money: From doing a lot of referals a few weeks ago (Thanks taringa!), I managed to get 5.550g of gold in the site http://bitgold.com. It's around USD 215, just the money I need. But sadly, currently the only way to currently withdraw it are:
So! What I propose is the following: I send you my entire gold on the site, and you pay me the equivalent either in Paypal or Bitcoin.
The site is supposed to work with the official gold rates, and including a 1% fee for the site. So, if you want to invest in gold this may be a good idea!
If possible, I'd need to exchange the exact amount, can't give up much of the amount.As I've been suggested, I can reduce the payment a little bit, and only take 200 for the (currently) 215 dollars this is worth. I don't have much reputation yet, but you can check: My SL Rep, My Steam profile rep(?)
Thanks for reading, I'll be waiting for your replies :)
Please, let me know anything you want to ask/discuss below.
EDIT: Changed some stuff. I will accept $200 for the gold (worth ~$215), and there will be a middleman in the operation, to be determined at the time. If any wants to offer as middleman, let me know.
submitted by starg09 to slavelabour [link] [comments]

ELIretarded How do I use my trezor to get my Bitgold once the fork happens /r/Bitcoin

ELIretarded How do I use my trezor to get my Bitgold once the fork happens /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What if you had all the benefits of Bitcoin with the **price stability** of gold? It now exists and it’s called bitGOLD. Skeptical? I'll give you $1 worth of gold which at current Kitco spot rate is 0.000827 oz. Come make history with us!

Hello /Libertarian,
I'm here to explain what bitGOLD is and why you should pay attention to it.
BitGOLD is exactly like Bitcoin (you hold the private keys) only it’s pegged to the value of real gold. 1 ounce of bitGOLD will always equal the value of 1 ounce of real gold. That means if real gold goes up in value, so does bitGOLD (and vice versa). Think of it as a cryptographic derivative pegged to the value of a real world asset. There is also bitUSD, bitEUR and bitBTC (theoretically any real world asset can be used in this way, even silver, oil and McDonalds big macs - as long as it has a price and is quantifiable).
The main issue with Bitcoin in terms of mainstream adoption has always been its volatility. It goes up and down in value so much it’s impossible to use as a currency. The ideal solution would be to have the best of both worlds: a crypto that you hold the private keys to but is also pegged to the value of either precious metals like gold or a fiat currency like USD.
PLEASE DO NOT DISMISS THIS IDEA JUST BECAUSE YOU MAY CURRENTLY HOLD BITCOIN
For the remainder of this day I will be handing out $1 worth of bitGOLD to all interested redditors (no sock puppets please, I'll know).
This is what you need to do:
STEP #1: Click here to download the Bitshares client.
STEP #2: Locate your public key here and copy and paste it as a reply to this thread.
When you do this I will reply with further instructions.
Please keep in mind the BitShares software is still in BETA so bear with these complicated steps. They will be phased out very soon.
I truly believe this is the next step in the future of peer-to-peer money and would be more than happy to answer any questions you may have. I understand many of you will be (rightfully) skeptical of this new technology. I am prepared to answer any question, no matter how hard you think it is.
For more technical details on how market pegged assets work, please go to wiki.bitshares.org (an official whitepaper is coming soon).
If you are a member of the press please contact [email protected] for direct communication with our marketing division.
Here’s the technical TL;DR for those interested: (this uses bitUSD as an example, not bitGOLD)
BitShares is an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. BitShares has shares that can be transferred between users in the same way as Bitcoin. What makes BitShares special is that it also implements a business model similar to existing banks or brokerages.
BitShares can create BitUSD by lending it into existence backed by collateral in the same way that the banking system lends dollars into existence today. Whereas your bank uses your house as collateral, BitShares uses BTS as collateral. Short orders are forced to cover when 66% of their collateral is required to cover, leaving the short with 33% of the collateral minus a 5% fee.
The reason someone borrows BitUSD is for the purpose of executing a short sell of BitUSD relative to BTS. This works in the same manner as shorting a stock. First, you borrow the stock, then you sell it at todays high prices. If all goes well then you can buy it back tomorrow for less than you paid today, pay off your loan, and keep the profit. However, if things go against you then you will have to pay more to buy back the stock than you sold it for in the first place and thus take a loss.
BitUSD is created when two people taking opposite positions can agree to a price and the only price at which two people will agree is the current market price of USD in BTS otherwise one individual will start out losing money. The mechanics of the market peg are very similar to the mechanics of a prediction market. Once the market has reached a consensus that BitUSD should be valued the same as a real US Dollar no one will be able to trade against that consensus without losing money. Thus the value of BitUSD today is based upon the prediction of what market participants will value BitUSD at in the future. There is only one rational way to speculate, that the consensus will hold, and that creates a self-enforcing market peg. With BitShares all short positions (those borrowing BitUSD) must start out with enough BTS as collateral to purchase 2x the USD borrowed. Margin calls are executed when the value of the collateral falls to 1.5x the amount borrowed. This gives the market ample opportunity to cover the short position and pay off the loan before there is insufficient collateral. In the event that the market is forced to execute a margin call, a 5% fee will be assessed. This should encourage participants to be pro-active in maintaining sufficient margin.
In the rare event that the value of BTS falls by more than 50% in less than an hour resulting in insufficient collateral, 100% of the collateral will be used to cover as much BitUSD as possible leaving some BitUSD uncovered. The result of this price movement is that some BitUSD will be in circulation without any backing which may or may not impact the market peg of BitUSD to USD. We have two hypothesis as to the market response in this event: in one case the BitUSD will start trading at a discount proportional to the surplus BitUSD in circulation, in the other case the market expectation of a peg to USD will override any surplus supply and BitUSD will continue trading as before. This would be similar to how the dollar did not see an immediate fall to 0 value despite being removed from the gold standard.
submitted by MeTHoDx to Libertarian [link] [comments]

[uncensored-r/Bitcoin] Bitgold & MyCelium

The following post by Yobrenton is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/784u8q
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Hi. Recently pulled out my old paper wallets to access Bitcoin Cash... am I able to do the same thing with bitGold? Thanks!

submitted by davidcwilliams to bitgold [link] [comments]

I know there is services like BitGold/GoldMoney which convert your gold holdings between Bitcoin and gold for a fee. Any services like this for Litecoin and silver?

I'm looking to unload my silver stack for Litecoin. Its been stagnant for a few years now and I'm looking to hop on this bandwagon because this is where I see a lot of future growth.
I'm located around Vancouver, Canada area.
submitted by brophy87 to litecoin [link] [comments]

Bitcoin is currency. Bitgold is a settlement layer. Let Core's coin be called 'Bitgold' so no one gets confused.

As holders after the fork, everyone will have both Bitcoin, the peer to peer cash that Satoshi envisioned, and the coin that that Core forks off into. I don't feel the need to give it a derogatory name such as "CoreCoin" or "BSCoin" - I'm happy to call Core's coin Bitgold - a name that is well suited to it's ever increasing transaction fees to "move" around. This is a great way to avoid confusion in the market.
Anyone got a better name for Core's coin than Bitgold?
submitted by themgp to btc [link] [comments]

BitGold Bit gold Review - How To Invest in Gold Safely - YouTube What Does have Bitgold In Conjoint With Bitcoin(2) Bitcoin & Investiment 27 (Bitgold.) # Seguro (investiment in gold) BitGold™ - YouTube

Der aktuelle Bitcoin Gold-Kurs (7.77 $) im Live-Chart in EUR, USD & CHF im Überblick Bitcoin Gold-Rechner Verfolge den aktuellen Kursverlauf live! Bitcoin-Spekulation . Im Jahr 2008 veröffentlichte eine mysteriöse Figur, die unter dem Namen Satoshi Nakamoto schrieb, einen Vorschlag für Bitcoin. Nakamotos wahre Identität blieb ein Geheimnis, was zu Spekulationen über eine lange Liste von Personen führte, bei denen der Verdacht bestand, Nakamoto zu sein. Obwohl Szabo es wiederholt abgelehnt hat, haben die Leute spekuliert, dass er ... Wissenswertes über Bitcoins Unser Bitcoin Chart zeigt Ihnen den aktuellen Bitcoin Kurs in Euro (Kürzel: BTC und XBT) sowie die Bitcoin Kursentwicklung (Bitcoincharts).Wenn Sie Bitcoins kaufen möchten, können Sie sich hier anmelden.In unseren Bitcoin.de FAQs und in unserem Tutorial "Mein erster Bitcoin" erfahren Sie, wie Sie Bitcoins verkaufen oder kaufen können. Sie bekommen sofort nach Ihrem Transfer an unser Bitcoin-Wallet ihr Bitgold-Zertifikat ausgestellt, in dem alle relevanten Daten Ihrer Absicherung in Gold enthalten sind und per Mail zugesendet (siehe download Muster). Auf Wunsch können Sie Ihr Bitgold-Zertifikat auch zusätzlich notariell beglaubigt direkt vom Notar zugesendet bekommen. Auszahlungen können problemlos zurück auf Ihr Wallet ... <iframe src="//www.googletagmanager.com/ns.html?id=GTM-MX3QNC7&gtm_auth=sWfXOZsxkgibKKbR6utMsg&gtm_preview=env-2&gtm_cookies_win=x" height="0" width="0" style ...

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BitGold

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