Local Bitcoin Trading and Education - Phoenix Crypto

PhoenixDAO partnership with Ferrum Network!

PhoenixDAO partnership with Ferrum Network!

https://preview.redd.it/xbpmbeiotta51.jpg?width=1360&format=pjpg&auto=webp&s=cea568409101e101ca7662c44be4cb910e0ff748
Hello Community,
We’re extremely excited to share with you our latest partnership: Ferrum Network!
Partnership Details
The teams at PhoenixDAO and Ferrum Network identified immediate synergies and the relationship couldn’t have started on a better footing. Ferrum, like us, sees huge potential for the future growth of both projects as a result of this partnership.
The partnership will see a PHNX listed in Ferrums UniFyre wallet (details below), and Ferrum Network will be utilizing the PhoenixDAO identity protocol to improve the user experience in their forthcoming Sub-Zero Wallet (a cold storage app for your cryptocurrency).
The projects are discussing a deeper integration within the UniFyre Wallet, which we hope to announce soon.

Who is Ferrum Network

Ferrum Network is a decentralized network like the Ethereum Network or IOTA but with a unique value proposition — instead of focusing on new coins, it can represent coins in other networks. For example, you can have Ether, Bitcoin, ERC-20 tokens, or coins from almost any other blockchain transacted in the Ferrum Network. This groundbreaking innovation allows for very interesting decentralized and interoperable applications, such as the Ferrum Decentralized Exchange (Fe DEX), and the Ferrum Wallet. Both of these decentralized applications allow users to exchange and transact nearly any digital asset in a fast and inexpensive manner, without requiring them to pass the custody of their assets to a third-party.
Aside from the listing itself, Ferrum Network and PhoenixDAO will be working together in multiple areas, including a technical integration for Ferrum’s Sub-Zero cold storage application, as well as an exciting UniFyre Wallet integration that will be announced soon.

Unlocking Link Drop, Pool Drop and Swap Drop Technology for PHNX

PhoenixDAO token (PHNX) will be listed on UniFyre Wallet later this week, enabling PHNX holders to take advantage of our ‘Link Drop’ technology, which allows users to send crypto assets to anyone over their platform of choice using a single link, including:
  • Telegram
  • Twitter
  • WhatsApp
  • Facebook
  • LinkedIn
  • Reddit
  • Instagram
  • Email
and all other social media or communication platforms where links can be posted.
Moreover, the listing enables our revolutionary ‘Pool Drop’ technology for PHNX, meaning influencers, users, and the PhoenixDAO project itself will be able to send PHNX to up to 100 people at once using a single link, making contests, AMAs and other marketing campaigns completely seamless.
Finally, PHNX will be among the first projects to utilize our ‘Swap Drop’ technology, which will be revealed soon….

Benefits to FRM Holders and Community

As always, the listing fees paid in PHNX will be distributed to everyone holding 100,000 FRM in their UniFyre Wallet. The time of the snapshot and the distributions will be announced soon.
In addition, we are reserving a small portion of PHNX to be distributed to the wider Ferrum Network community using a Pool Drop. Everyone who wants a chance at the PNHX Pool Drop should download the most recent version of UniFyre Wallet — Version 0.0.14 — and stay tuned to our social media channels.

What’s Next

Tomorrow Ferrum Network will announce the date/time of the snapshot and PNHX distribution to 100,000 FRM holders. The Pool Drop could come at any time so keep a lookout on our channels! And if you haven’t already then now is a great time to download Unifyre and secure yourself a portion of the giveaway!
As always, thank you for your continued support and stay tuned for our next announcement later in July!

UniFyre Download Links

UniFyre iOS: https://apps.apple.com/us/app/unifyre-wallet/id1505450820?ls=1
UniFyre Android: https://play.google.com/store/apps/details?id=com.ferrum.unifyre

Follow PhoenixDAO on Social Media

Website: https://phoenixdao.io/
Telegram: https://t.me/PHNXDAO
Twitter: https://twitter.com/phnxdao
LinkedIn: https://www.linkedin.com/company/phoenixdao-phnx
Reddit: https://www.reddit.com/PhoenixDAO/
Bitcointalk: https://bitcointalk.org/index.php?topic=5252264
Discord: https://discord.gg/nRexgmr
Instagram: https://www.instagram.com/phoenixdao_/
Facebook: https://www.facebook.com/PhnxDAO
Uptrennd: https://www.uptrennd.com/useMTEwNzI1
Publish0x: https://www.publish0x.com/@PhoenixDAO_PHNX

Follow Ferrum/UniFyre on Social Media

Ferrum Website: https://ferrum.network/
UniFyre Website: https://unifyre.io/
Telegram: http://telegram.ferrum.network
Twitter: http://twitter.ferrum.network
UniFyre Twitter: https://twitter.com/UnifyreWallet
LinkedIn: http://linkedin.ferrum.network
YouTube: http://youtube.ferrum.network
Reddit: http://reddit.ferrum.network
submitted by sadfool1 to PhoenixDAO [link] [comments]

GPU Mining Crash Course - START HERE!

Welcome All to the GPUMining Crash Course!
With the increase in prices in cryptocurrency, a lot of people are getting back into mining and a lot of people are brand new to the concept overall. So, I quickly wrote this crash course to help you understand what to expect and how to successfully mine your first cryptocurrency. This crash course isn't gonna have all of the fluff you'd see in a normal publication. This is just everything you need to know to get up and running on your first cryptocurrency mining rig.

What is cryptocurrency mining?

One of the main things about cryptocurrencies is that they are "decentralized". Sounds great, but WTF does that even mean? Well, the easiest way to explain it is...
You know how if you want to send your friend/family money digitally, you can do so through your bank. Your bank likely takes a transaction fee and in a few days they will transfer the money. Since cryptocurrencies are decentralized, they don't have a bank or organization to fulfill the transfer of money. Instead, they outsource the computing power of their cryptocurrency network to miners (soon to be you). These miners are verifying transactions, securing the blockchain, and powering the cryptocurrency's specific network among other things. As an incentive, the miners collect transaction fees on the transactions that they verify and collect block rewards while new currency is still being introduced into the ecosystem.

What kind of rig should I build?

You can mine cryptocurrencies using your CPU, GPU, FPGA, or ASIC, but this is a GPU Mining subreddit, so I will cater this to GPUs.
For building a great all-around GPU rig, there are two models of GPUs that I'd recommend:
Both of these GPUs have solid hashrates across most mining algorithms and for a decent price! You should be able to find both of these kinds of GPUs used for around $200-$250 each, which is a great price if you know what happened during the last mining craze! ($200 GPUs were out of stock everywhere and people were reselling them for $600+ each)
There are also plenty of great AMD GPUs for mining, but I've worked mostly with Nvidia so that's why both of my recommendations are Nvidia and not AMD.
Other parts to your rig that you'll need are listed below. Most of these can be pieces of crap and are just needed to make the rig actually run, but the one spot you DON'T want to cheap out on is the power supply unit. A decent power supply unit will keep your home from burning down while also keeping your rigs up and running smoothly. Here are my recommendations:

She's built, now what?

Now you need to do a few things. I am a Windows miner, so I will be speaking to Windows here:
  1. Update Windows - Do all of the updates. Just do it.
  2. Update Drivers - Go to the EVGA website and download GeForce experience. It will keep your GPU drivers up to date.
  3. Go to Windows Device Manager and make sure all of your GPUs show up under "Display Adapters". If it is there, but it isn't showing the Name/Model of the GPU as the name, right click it and select "Update Driver". This should fix it.
Assuming you've done all of this, you're ready to download a mining application.

Mining Software

There are tons to choose from! Claymore, Phoenix, EWBF, LolMiner, etc... It can be overwhelming pretty quickly since they all have different algorithm support, speeds, efficiencies, and a whole lot more. On top of that, in order to get them running you need to set up batch files to call the proper exe, point you to the correct pool, and a whole bunch of other stuff that can be confusing to a new user. Not to mention, you will probably need a separate miner, config file, batch file, etc. for each different algorithm that you're interested in mining on.
Instead, I recommend that you download a miner management software that will take care of most of this tedious work for you. There are a few in the sidebar, but the /GPUMining favorite is AIOMiner. It was developed by our very own community member, xixspiderxix with the intention of making mining as easy as possible to do and without any fees. It supports over 100 different algorithms, so you'll be able to mine nearly ANY cryptocurrency you'd like. Just download it from their website and it will take you through a quick tutorial to help you get set up! You can also connect your rig to their website for remote monitoring and control. You've probably seen a few of their posts around this subreddit.
Other Windows mining softwares include:
Note: Many mining softwares have fees built into them. Most are around 1%, but can go as high as 5% or greater! You want a mining software with little or no fees at all so that you get to keep as much cryptocurrency as possible. These fees aren't something you actively pay, the software will automatically take it by mining on the developers behalf for a given amount of time and then switching back to mining on your own behalf. So, please be diligent in the software that you evaluate and make sure it is reputable.

I keep hearing about NiceHash. What is that?

The asshole of the mining industry. Jk, but not really.
NiceHash is a software program that allows you to sell your rig's hashing power to someone on their marketplace. They market themselves as profitable mining, but you're not really mining. You're selling your power in exchange for Bitcoin.
They did a great job telling people that with them, you're always mining the most profitable coin, but that's just not true. Since it is a mining marketplace, they make you mine whatever their most expensive contract is. If their contracts are below market prices, then you're not operating as efficiently and profitably as you could be.
NiceHash also has a sketchy history, which continues to this day. In 2017, they were hacked and lost $65M worth of Bitcoin. No one got paid out for MONTHS and many of their executives conveniently resigned. Their platform is also used to destroy cryptocurrencies. Since people are able to purchase mining power on their platform, people have used their platform to purchase enough mining power to control individual cryptocurrencies and duplicate coins, which increased the malicious user's wealth while completely destroying the integrity of the coin's blockchain. HoriZEN (formerly ZenCash), Ethereum Classic, and many other great cryptocurrencies have been the victim of NiceHash's platform.
For this and many other reasons, we highly recommend that you stay AWAY from Nicehash. We understand that it is extremely easy to use and you get paid in bitcoin, but they are destroying the industry with their greed and lack of motivation to change their platform for the protection of cryptocurrencies.

Concluding Thoughts

This is pretty much everything you need to know to get started. We covered the hardware, setting up the software, which software to use, and AIOMiner's tutorial will get you up to speed on how to actually mine the cryptocurrency that you want better than I can explain it, so I'll leave that part to them.
If you have any questions on this crash course, please leave a comment below where myself and other community members will be able to help you out.
submitted by The_Brutally_Honest to gpumining [link] [comments]

Subreddit Stats: Bitcoin top posts from 2018-04-16 to 2018-05-16 07:24 PDT

Period: 29.86 days
Submissions Comments
Total 1000 60667
Rate (per day) 33.49 2014.59
Unique Redditors 728 13668
Combined Score 403062 287813

Top Submitters' Top Submissions

  1. 23089 points, 2 submissions: jrs0080
    1. Whoever put this up deserves a medal (22960 points, 320 comments)
    2. It’s Official... 13th December is The Best Day to Own Bitcoin!!!! (129 points, 30 comments)
  2. 22608 points, 10 submissions: bitchari
    1. Value is always in the eyes of the beholder (10970 points, 554 comments)
    2. We did it!! BTC ✌️ (4328 points, 346 comments)
    3. Uncomfortable truths!! (3222 points, 471 comments)
    4. "rat poison" returns!! (1547 points, 239 comments)
    5. Really!! (806 points, 127 comments)
    6. A picture is worth a thousand words! Found this on Twitter (805 points, 88 comments)
    7. German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin "see no bank, hear no bank, speak no bank" is their motto (392 points, 30 comments)
    8. “We need to take a moment and respect this generation’s interest in this new instrument (bitcoin),” CFTC Chairman. https://www.ccn.com/we-need-to-respect-this-generations-interest-in-bitcoin-cftc-chairman/ (328 points, 28 comments)
    9. You may define what Bitcoin is to yourself. You may not define what Bitcoin is to others without their consent. https://t.co/6vVRhoVTZm (113 points, 18 comments)
    10. Bill Gates doesn't like bitcoin. Really?!! He did not believe in the internet either! (97 points, 47 comments)
  3. 14875 points, 2 submissions: ltc-
    1. What a time to be alive! (14748 points, 470 comments)
    2. I modified a thing. (127 points, 22 comments)
  4. 10913 points, 1 submission: InteractiveLedger
    1. This is NOT OK. Upvote for visibility (10913 points, 1557 comments)
  5. 10876 points, 1 submission: PineappleFund
    1. Farewell from the Pineapple Fund (10876 points, 611 comments)
  6. 10387 points, 1 submission: EMC2_trooper
    1. I see it every day. (10387 points, 296 comments)
  7. 9081 points, 1 submission: normcrypto
    1. You knew this was coming... one of my faves last year (9081 points, 128 comments)
  8. 8749 points, 4 submissions: StoneHammers
    1. exceedingly efficient (7945 points, 207 comments)
    2. As I was saying (423 points, 20 comments)
    3. Too Damn High (194 points, 56 comments)
    4. Dear Bitcoin ATM makers please disclose your fees in clear understandable language prominently on the face of your machines. (187 points, 53 comments)
  9. 7663 points, 1 submission: joe4c
    1. Sir this seat is reserved for people with disabilities... (7663 points, 526 comments)
  10. 6865 points, 1 submission: Dark_Dantex
    1. It’s over 9000!!!!!! (6865 points, 429 comments)
  11. 6741 points, 1 submission: Weaselbrott
    1. Everyone on Bitcoin right now waiting to press "submit" on their well-crafted 10K memes (6741 points, 134 comments)
  12. 6553 points, 1 submission: chickenmalaitikka
    1. Rekt (6553 points, 85 comments)
  13. 5352 points, 1 submission: LouisOfTokyo
    1. I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate cake. (5352 points, 303 comments)
  14. 5340 points, 3 submissions: Pascalboyart
    1. Thanks a lot for your bitcoin donations on my street art piece in Paris, already 130$ received 🙏🙏🙏 (3909 points, 178 comments)
    2. Street art piece in Paris with a QR code for bitcoin donations (728 points, 63 comments)
    3. We did it ! Thanks to all the redditors, it came most from you guys 👏🙏🙏🙏 (703 points, 71 comments)
  15. 5118 points, 2 submissions: TipToeTiger
    1. Crypto Rider - A free game I made about racing on Bitcoin and other crypto's historical price graphs! (more info in comments) (5052 points, 309 comments)
    2. Thank You message to bitcoin from Crypto Rider team! (Message in comments) (66 points, 12 comments)
  16. 5021 points, 1 submission: UniqueUsername642
    1. This is Cryptocurrency (5021 points, 372 comments)
  17. 4820 points, 2 submissions: tinaclark90
    1. I've made some free Bitcoin Icons (4731 points, 246 comments)
    2. Very Soon in Vegas (89 points, 15 comments)
  18. 4558 points, 2 submissions: boobooyoudo
    1. Amazon filed a patent to de-anonymize Bitcoin transactions and sell the data to law enforcement (4501 points, 711 comments)
    2. Near Field Technology could help bring lightning Bitcoin payments to retail. (57 points, 7 comments)
  19. 4222 points, 1 submission: sparty_postgrad
    1. The answer on Jeopardy today! (4222 points, 174 comments)
  20. 4209 points, 2 submissions: installeris
    1. 17000000 Bitcoins Have Been Mined! 4 millions to go! Happy anniversary day! (3735 points, 271 comments)
    2. The Irony (474 points, 37 comments)
  21. 3850 points, 1 submission: SingularityNerd
    1. Hilarious satire protest outside Consensus, the website says Genesis Mining put it on. #bankersagainstbitcoin (3850 points, 183 comments)
  22. 3673 points, 1 submission: sebastianstan21
    1. Current scenario (3673 points, 130 comments)
  23. 3632 points, 1 submission: awice
    1. WOW, this just happened on Jeopardy! last night. (3632 points, 363 comments)
  24. 3630 points, 1 submission: -All-Day-
    1. Ayy lmao (3630 points, 60 comments)
  25. 3617 points, 1 submission: JJKirsch
    1. Fake or Fork (3617 points, 354 comments)
  26. 3435 points, 2 submissions: tedand
    1. CoinMarketCap should remove Bitcoin dot com website from Bitcoin's page (3135 points, 200 comments)
    2. Bitcoin.com is first result in Google for "buy Bitcoin", selling "Bitcoin Cash" instead (300 points, 168 comments)
  27. 3429 points, 1 submission: universaleric
    1. Sh..should we get the "it's over 9000" memes ready? (3429 points, 204 comments)
  28. 3404 points, 1 submission: eragmus
    1. Erik Voorhees: “Roger - please stop referencing me to back up your opinion that Bitcoin Cash is Bitcoin. It isn't. Bitcoin is the chain originating from the genesis block with the highest accumulated proof of work. The Bitcoin Cash fork failed to gain majority, thus it is not Bitcoin.” (3404 points, 402 comments)
  29. 3354 points, 7 submissions: ayanamirs
    1. Satoshi Nakamoto about bitcoin.com (2332 points, 327 comments)
    2. Roger Ver is a well-known scammer. (451 points, 129 comments)
    3. Coinbase has become an unreliable and even dangerous service, subject to arbitrary, non-transparent actions as it merged with the US banking sector and started to provide information on its customers to the US government. It has become everything that Bitcoin was designed to stop - @Wikileaks (313 points, 145 comments)
    4. Electrum 3.1.3 release! (96 points, 24 comments)
    5. I'm so glad bitcoin don't have a central man on the top. (71 points, 23 comments)
    6. Fees are low, use this opportunity to Consolidate your small inputs! (58 points, 7 comments)
    7. The segwit adoption doesn't increase anymore. We need to do something. (33 points, 33 comments)
  30. 2819 points, 4 submissions: Mikeross14
    1. Cracks me up everytime (2161 points, 70 comments)
    2. Baby Saver offers to buy this sub (270 points, 270 comments)
    3. Marvel referencing cryptocurrency in one of its latest comics! (261 points, 21 comments)
    4. You want to help Bitcoin but can't code? Do a simple thing then, call out all the scammers and call out everyone who supports these scammers. Make Crypto free from these scums. Simple. (127 points, 37 comments)
  31. 2795 points, 4 submissions: Fly115
    1. Bitcoin.com has fixed it's webpage after lawsuit (1642 points, 572 comments)
    2. Microsoft + Bitcoin Lightning Network. Decentralized Identity proof of concept to be shown off at Consensus 2018. Seems big (721 points, 104 comments)
    3. A major announcement at #consensus2018 that did not seem to get a lot of airtime @LedgerHQ announcing an institutional custody solution in partnership with @Nomura and @GABIjersey. Addresses a major issue for institutional investors (242 points, 16 comments)
    4. Segwit Adoption - Steady growth to 35% (190 points, 70 comments)
  32. 2590 points, 1 submission: dustincrypto
    1. Bitcoin going mainstream in Las Vegas (2590 points, 109 comments)
  33. 2567 points, 3 submissions: edlund10
    1. Nick Szabo retweeted: "⚠️ If you are new to #bitcoin then please be aware that bitcoin .com is a fraudulent website. ⚠️ This website is run by Roger Ver who is a known serial scammer. ⚠️ The current main scam is the promotion of #bcash which is a fake version of bitcoin." (1906 points, 302 comments)
    2. Exactly 5 years ago Wired wrote "The world’s most popular digital currency really is nothing more than an abstraction. So we’re destroying the private key used by our Bitcon wallet." The loss is currently worth $124,453.58 (568 points, 134 comments)
    3. Warren Buffet vs. Bitcoin, 5 years chart, logarithmic scale (93 points, 52 comments)
  34. 2556 points, 1 submission: SchnitzelBoss
    1. Coinmarket cap removed Bitcoin.com from Bitcoin's website list. (2556 points, 159 comments)
  35. 2549 points, 1 submission: bajanboost
    1. CEO of Binance actually gives a f***. This is the exact moment he was introduced to the Bermuda Shorts by the Bermuda Development Agency; A formal dress code in the country (2549 points, 125 comments)
  36. 2518 points, 2 submissions: Bitcoin_21
    1. WikiPedia's Bitcoin page removed the Bitcoin dot com explorer, because it misleads its users. (2083 points, 153 comments)
    2. Please report the bitcoin ,com wallet to the iOS app store for fraud. (435 points, 122 comments)
  37. 2403 points, 1 submission: TomasEddison
    1. Guy on CNBC says $100USD bill is used for far more illicit activity than bitcoin. (2403 points, 183 comments)
  38. 2316 points, 7 submissions: Suberg
    1. 600+ Bitcoin Users Seek Lawsuit Against Bitcoin.com & CEO Roger Ver for Fraud (1094 points, 298 comments)
    2. Bitcoin Lightning Network Matures With Record 2000 Nodes, $150K Capacity, 7000 active channels (500 points, 172 comments)
    3. Bitcoin.com Fraud Lawsuit Group Gaining Steam With Over 1000 Members (322 points, 184 comments)
    4. Tom Lee: Bitcoin Price Increase Coming After Consensus Conference (155 points, 46 comments)
    5. Russia's 'CIA' Memo Admits Telegram Was Blocked Because Crypto Is 'Uncontrollable' (151 points, 13 comments)
    6. Bitcoin Price Historically Surges With Consensus Conference, Data Shows (47 points, 26 comments)
    7. IMF's Lagarde: Bitcoin 'Could Have a Significant Impact on How We Save' (47 points, 11 comments)
  39. 2274 points, 9 submissions: TheGreatMuffin
    1. The CEO of Binance, a company with $200M yearly revenue, at a press conference (810 points, 103 comments)
    2. Goldman Sachs to Open a Bitcoin Trading Operation - NYTimes (498 points, 54 comments)
    3. Kraken's response to the NYAG enquiry (413 points, 117 comments)
    4. Jameson Lopp: "Today I've learned that a lot of data sources are incorrectly reporting the total bitcoin supply. We haven't actually hit 17M BTC yet; you can follow along in realtime at [link]" (141 points, 23 comments)
    5. Bitcoin was the 9th most viewed Wikipedia article in 2017, coming in just behind the entry for the United States. (h/t @lopp) (120 points, 18 comments)
    6. Samourai and goTenna Enable Bitcoin Transactions Without Internet Access (100 points, 16 comments)
    7. A German online bank uses Bitcoins to transfer loans (93 points, 35 comments)
    8. Huawei Is About to Give Chinese Users Easier Access to Bitcoin (62 points, 14 comments)
    9. Bitcoin Threat Model - extensive security review of possible threats to bitcoin as cryptocurrency (by JW Weatherman) (37 points, 11 comments)
  40. 2225 points, 1 submission: awesomedan77
    1. WARNING: HitBTC stole 5Btc deposit, even after I provided everything they asked for 2+ months! (2225 points, 486 comments)
  41. 2170 points, 1 submission: ronnnumber
    1. 45% of investors... (2170 points, 227 comments)
  42. 2041 points, 1 submission: YnotHaTony
    1. Truth about Bitcoin mining (2041 points, 136 comments)
  43. 2017 points, 9 submissions: Miladran
    1. Nasdaq is open to becoming cryptocurrency exchange, CEO says (966 points, 104 comments)
    2. BREAKING: Coinbase Just Bought One of Bitcoin's Biggest Startups (278 points, 103 comments)
    3. Bitcoin buy orders are >90% of the market for the first time since March 2017 (176 points, 28 comments)
    4. Telegram CEO Is Using Bitcoin to Help Bypass Russia's App Ban (173 points, 11 comments)
    5. Sell gold, buy bitcoin? The ultimate global safe haven debate has begun (128 points, 56 comments)
    6. Lambos are coming (117 points, 53 comments)
    7. Bitcoin gets boost from IMF head (71 points, 7 comments)
    8. Is PayPal driving people towards Bitcoin? (60 points, 83 comments)
    9. NASDAQ-Powered Cryptocurrency Exchange Platform to Launch in June (48 points, 9 comments)
  44. 1997 points, 1 submission: trainrekt23
    1. Found this today on the campus of my uni (1997 points, 225 comments)
  45. 1991 points, 1 submission: kynek99
    1. Here is the bitcoin.com owner who created Bitcoin Cash to scam people and show real Bitcoiners a middle finger. (1991 points, 408 comments)
  46. 1847 points, 1 submission: sha256art
    1. Fasten your seat belts (1847 points, 107 comments)
  47. 1822 points, 1 submission: 127fascination
    1. Australia Bans Cash For All Purchases Over $10,000 Starting July Of 2019 (1822 points, 531 comments)
  48. 1788 points, 5 submissions: coinmoon_com
    1. ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017. Lets make it number 1 this year. Spread the word! (632 points, 35 comments)
    2. Bitcoin has worked non stop for 9 years. Without any days off, scheduled maintenance or severe issues. Let that sink in for a minute. (599 points, 226 comments)
    3. FORBES: Gold used to be money, and it was great money for its times. But Bitcoin's now the new flight capital. (286 points, 37 comments)
    4. 15 Claims Against Lightning, Answered (164 points, 12 comments)
    5. Bitcoin could replace cash in 10 years - Business Insider (107 points, 59 comments)
  49. 1694 points, 1 submission: BitMarKas
    1. New Ledger features! (1694 points, 42 comments)
  50. 1635 points, 6 submissions: _smudger_
    1. Today the 17th Million bitcoin will be mined (1070 points, 130 comments)
    2. Bitcoin to hit $50,000 by year-end, says BitMex CEO (158 points, 92 comments)
    3. Lightning + NFC? The New Plan to Bring Bitcoin to Retail (152 points, 45 comments)
    4. Vaultoro Becomes The First Exchange To Implement Bitcoin Lightning Network Payments (116 points, 6 comments)
    5. How to build your own portable plug-in Lightning node! (95 points, 5 comments)
    6. Bitcoin’s Recent Institutional Demand Is Unprecedented, Says Futures Market CEO (44 points, 6 comments)
  51. 1581 points, 1 submission: CoolStoryBroLol
    1. Bitcoin accepted at my dentist's office (1581 points, 210 comments)
  52. 1524 points, 1 submission: paintedfrog
    1. Found a helpful infographic. Could be handy to respond with this when people forget what Bitcoin is called... (1524 points, 294 comments)
  53. 1504 points, 1 submission: NikolaosKost
    1. Lawsuit from over 600 Bitcoin Users against Bitcoin.com and CEO Roger Ver (1504 points, 338 comments)
  54. 1497 points, 1 submission: 3hrdrive
    1. In Australia there is currently an investigation into banks and their practices, and the results are frightening (1497 points, 124 comments)
  55. 1423 points, 4 submissions: chek2fire
    1. Everyone must report this Bitcoin mobile wallet asap.Is a fraud (554 points, 174 comments)
    2. Roger Ver and Bitcoin.com do a social attacks to Bitcoin (506 points, 313 comments)
    3. Blockchain.info. 8 months and still no segwit support. They are more lazy than sub-saharan public sector (288 points, 58 comments)
    4. They said: "Segwit is not a scaling solution".... (75 points, 59 comments)
  56. 1420 points, 10 submissions: DesignerAccount
    1. Witness the future: Paying for coffee with LN in real life - Brisbane Airport (377 points, 144 comments)
    2. Bitcoin transaction fees in sat/b have not been so low since 2011!!! (173 points, 65 comments)
    3. PSA: Stop spelling the Bitcoin fraudulent site correctly - It only helps them as search engines pick it up. Use: bitcoin,com | bitcoin .com | bitcoin (.) com | bitcoindotcom | ... (153 points, 52 comments)
    4. "The bitlicense is a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth." --- Kraken CEO: Exchange Won't Answer New York AG's Inquiry (141 points, 11 comments)
    5. Ready for work. (140 points, 69 comments)
    6. World Debt Hits Record $164 Trillion <-- That's WHY bitcoin. (133 points, 121 comments)
    7. Goldman Hires Head Cryptocurrency Trader (99 points, 4 comments)
    8. Chilean Anti-Monopoly Court Orders Banks To Re-Open Crypto Exchange’s Accounts (71 points, 3 comments)
    9. Hilarious: Lighting TESTNET app renamed Bitcoin Cash TESTNET!! (68 points, 23 comments)
    10. UNICEF Is Mining Crypto to Raise Funds for Children (65 points, 6 comments)
  57. 1381 points, 1 submission: girlpearl
    1. At the Gramatik show last night in Boston (1381 points, 63 comments)
  58. 1358 points, 3 submissions: zappadoing
    1. someone put a BTC-symbol on to the swiss federal bank! (1212 points, 84 comments)
    2. Bitcoin boosted as IMF boss Christine Lagarde praises cryptocurrency and suggests it could transform the way people save and invest (101 points, 8 comments)
    3. The Zurich bakery where you can't pay with cash (but bitcoins are fine) (45 points, 9 comments)
  59. 1337 points, 8 submissions: frankreddit5
    1. My daughter just informed me that someone told her "#Bitcoin is a worthless scheme" & that the US dollar has, quote, "one 'brick' of gold in a vault for every dollar there is."..There's so many things wrong with both of these statements that all I can do is sit here and facepalm (582 points, 184 comments)
    2. Here's my Bitcoin Starry Night art on Canvas! (250 points, 26 comments)
    3. I think it turned out sick! (whitepaper on metal) (122 points, 22 comments)
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    5. Argentina raises interest rates to 40% (80 points, 52 comments)
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    2. Sad day today will be the last day we’ll see bitcoin below 9k.🙃 (275 points, 170 comments)
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  61. 1196 points, 5 submissions: LegendsRoom
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    3. Remember! with Banks, "only deposit what you can afford to lose!" (287 points, 130 comments)
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    5. UK Bank crippled, as customers panic, accounts emptied. (118 points, 41 comments)

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  10. It’s over 9000!!!!!! by Dark_Dantex (6865 points, 429 comments)

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  3. 1309 points: gbitg's comment in Value is always in the eyes of the beholder
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  10. 715 points: fenstabeemie's comment in Truth about Bitcoin mining
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[Table] IAmA: Hey, Alex Winter of Bill & Ted here. Directing a new movie called "Deep Web: The Untold Story of Bitcoin and Silk Road." Ask me anything!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-11-25
Link to submission (Has self-text)
Questions Answers
As someone who creates content, do you think there's a solution for middle class content creators? It seems that they're the most hurt by piracy, yet free-culture proponents almost exclusively focus on large corporations. Kickstarter, Indie Go-Go, and their brethren aren't picking up that slack- tales of success seem to be the outliers, and many of the poster-children (Radiohead, Amanda Palmer, etc.) rely on past success and marketing dollars. So, will this pick up, and will there be a middle class of creators? Or are we now living in a world of (sometimes skilled, but still) amateurs? This is a smart question and demands a much longer answer than i can give here. but the short of it in my opinion is that it's a misunderstanding to assume it's harder for 'middle class artists' in this climate. it's always been very very hard. there have always been obstacles and gatekeepers. the digital landscape has opened many many doors and closed some doors. it's in many ways easier, but you still need that magic combo of talent, tenacity and luck.
Man I'm sorry but I've gotta ask...what happened to you man? Why did Keanu make it out and why did you disappear into obscurity? Haha. not an offensive question at all. I quit acting professionally in 94, after Freaked to focus on writing and directing. I'd been acting professionally since I was 10 years old and I wanted out of the public eye. It's really only been in the last couple of years that i've intentionally been slipping back in front of the camera. But I think it's important for child actors to spend time away from constant exposure. I tell a lot of kids this in that field.
Be honest…has Keanu admitted his immortality to you? I could tell you but then I'd have to kill you. And then he would drink your blood and live for another millenia...
Did you buy any Bitcoins before they blew up in value recently? Haha, I did not. The Winklevoss twins got them all :)
Since George Carlin has died, will there be some new character coming in to replace Rufus in helping the Wyld Stallyns? We've spent a lot of time and thought on making this work. all i can say right now :)
On a scale of 1 to 10, how likely is it that B&T 3 will be financed and actually get made? I'd say 10 but it's Hollywood... so 9.9?
Did you ever use the SR before it went down? I honestly did not. I am a dull family man and most of what i need to purchase online can be found in the toddler section of Amazon :)
Your stepmom is cute. Remember when she was a senior and you were a freshman? Do You get BnT references constantly and do they annoy you? No, thankfully I like the movies a lot. I have some friends who acted in movies that they can't shake that they hated. that is an existential nightmare from which one can never awaken!
Thanks for doing this AMA, and for being part of one of my all-time favorite films. You've been quoted as saying "[Bill and Ted] was a happy accident. No one thought it would ever see the light of day." Could you expand on that? Both BnT movies were made independently. The first one was really low budget and kind of under the radar when we made it. then it sat on a shelf for a year after being made, when the producing company went belly up. So we kind of gave up on it. Then it was bought up and released and was a big hit :)
What was it like working with Mr. T? Is his public persona accurate as to who he really is? It is! Exactly! He's a really great person, into community outreach and helping people. A wonderful guy.
When will we have a new Bill and Ted to watch any plot details You can share? What got You so interested in Bitcoin? Also, Thank You for being so Excellent! Party On! I first got interested in Bitcoin in '09, when it magically appeared out of the ether. Much like Napster appeared out of nowhere 10 years prior. I recognized that Bitcoin felt like the next big thing to come out of peer-to-peer.
What can I do to get into the Bitcoin World. I don't know much about it. Start at blockchain.info. that will lead the way.
Do you think the Tor network is forever tainted due to the Silk Road takedown, or does it still remain a viable method of obtaining true anonymity on the Internet? Absolutely not. SR accounts for a tiny fraction of TOR use and is not going to impact Bitcoin much either in the long run. As Wozniak so perfectly put it, you don't shut down the whole highway when one car is speeding.
What was the funnest thing about making The Lost Boys? Having dirt kicked into my eyes by the two Coreys in my death scene. Actually it wasn't funny at the time; i had full eye contacts in and my cornea got scratched. had to go the hospital. Loved those guys tho...
Any cool memorabilia you kept from Bill and Ted? I had my evil robot head from BnT 2, but it eventually rotted. I used it as a doorstep. My kids loved it :)
What motivated you to be one of the first films to educate those about the online blackmarket? why exactly do you need the funding from the kickstarter? Because, like the Napster story, there is a lot of noise but not a lot of context. I think we need some context and our film will be one form of providing that. We are using Kickstarter for some of the funding in order to begin to build our community for the film. We want people's input, the changes occurring through the Web are part of a global movement.
Are you actually going to provide any information we don't already know from all that's been written about this? Is this just a movie version of a bunch of news articles? Our doc is an expansive examination of a movement that began decades ago and is now hitting a peak of global impact. we are interviewing the core players in this story. It's not the kind of thing news articles do in any capacity. join our kickstarter, be part of the process and of the movie's community :)
How did you do research for the script? How did you get a script just a few weeks after SR was busted? It's a documentary :)
Alex, as someone who studied Napster so much for Downloaded, what would Bill & Ted have thought of it: Most Excellent or Non-Triumphant? They would have said 'huh???'
Is a melvin a synonym for wedgie, or a completely different maneuver executed from the front? You answered your own question :))
Is there any fond memory that stands out from making The Lost Boys? Honestly the most fun i ever had 'working'. Joel Schumacher knows how to create an amazing environment to work in. It's one of my fondest memories of my crazy youth! :)
On the kickstarter page, under the "Silk Road" header, the phrase "trading mostly in drugs and weapons" is used. Don't you feel that claiming that weapon sales were a large part of the silk road's operations is misleading? especially since weapon sales were specifically banned from the site shortly after its creation? Certainly the part about mostly trading in drugs is spot on, but also weapons? Come on, that's just untrue. Sorry if that seems misleading. As the Armory only lasted a year. But SR was built for that purpose wherever it ultimately landed.
I don't know if you remember me, but I went to school with your son in LA, me and my brother stayed at your house a few times. Kinda funny how I never got to thank you for being so excellent in Bill and Ted back then, so I figured I'd do it now! Hey Dante! Hope you guys are well!
I suppose I should ask a question, so what drew you to the idea of the deep web? What made you want to make this movie? The Deep Web lies at the heart of the digital revolution, that has impacted every corner of our lives. There are huge changes that have occurred in the last decade, and many more around the corner. Examining the Deep Web in detail allows us to closely examine this revolution and its implications.
Do you think that the high prices that bitcoins are experiencing right now is actually a bad sign, since it indicates instability? Where do you think the value of Bitcoins will ultimately fall once the bubble bursts? No one knows where it will settle. It's not unlike gold in this regard. But once it's been around a bit longer and more people are taking it, the value will increase within that framework but not in such a wild manner. this form of currency is here to stay, of that there is no question.
How did people find silk road online? That always boggled my mind, because I assume it wasn't as easy as googling it haha Did you have to like, "know" someone in the business to gain membership? It's not hard to find these sites, it's just dangerous. don't go hunting for scorpions unless you are prepared to get stung.
So Deep Web... Do you have a script already? Are you dealing with the actual events, or fictionalizing them? If the former, are you worried about having to pay folks for rights? If you have a script, how does it toe the line between being too simplified to please the target demo/actually tell the story and too esoteric for the mass market? It's a feature documentary. please join our kickstarter :)
I don't think the story is too esoteric at all, just as the details of the Napster story weren't. These are universal stories about global communities.
How much about the deep web did you investigate? I have done some looking into it recently and there is some pretty disgusting stuff out there. To be honest I kind of wish I never heard about it. Silk road is only the tip of the iceberg and to me doesnt seem like that big of a deal compared to some of the other stuff out there like the hitmen websites and human dolls for sale etc. What is your take on the rest of it outside of silk road? There is a lot of dark and horrible stuff in the Dark Web. The Deep Web is a much broader world, and in my view needs to be understood as separate from the much smaller Dark Web, and in need of protection.
When did you get into directing? I realize I could easily find this out on IMDB but it's just cooler to ask the source! Hah, thanks for asking! I actually went to NYU film school to study directing before I acted in all the movies. It's always been one of my passions. I started directing professionally in about 86. Shooting music videos and commercials and then our show on MTV, The Idiot Box.
So I'm guessing MTV/Viacom or somesuch own the DVD rights to The Idiot Box? There was a fair amount of comedy from that era of MTV that I'd love to be able to watch again… MTV owns it... why no DVD... yet...
What was it like working with a big star like Larry "bud" Melman? He was awesome of course. RIP.
Wait, does Satoshi = Stations??? Ahhh you cracked the code!!!
Excellent job on Downloaded! I enjoyed remembering a time in the not so distant past when 'regular people' could not envision a world in which their music lived on a computer. Today, regular people cannot envision a world in which their money lives on a computer. I was also surprised to learn about your early connection with the world of MP3s. Could you elaborate on what you think we can learn about Bitcoin based on your experiences with Napster and the MP3 scene in the late 90's? The world is responding to Bitcoin and a new awareness of the Deep Web much like they responded to Napster, with fear and demonizing. Our film aims to put these things in some context.
What made you want to do this documentary? I've been following the story myself and it's certainly one worth following but how did you yourself first get interested in the topic? I have been interested in global web-based communities and emerging technologies since the mid 80's. There is a revolution occurring in global culture at the moment, that will change everything. and it's only just beginning. what's not interesting about that?? :)
I don't have a question but Excellent Adventure made me who I am today. Thank you. Fuck it, uh. Do you agree that Cinnamon Toast Crunch is hands down the best cereal? My kids do. it's evil.
off, I want to thank you for posting my Rasta Eyeball with a machine gun tattoo on your blog. It made getting it completely worth it. I just want to know which of the characters from Freaked is your favourite? Stuey Gluck!!
And your tat is amazing!
Hello there, thanks for doing this! I just wanted to ask if by making a movie that sheds light on the dark web/bitcoins etc. It will shed more light on an area of the web that generally dislikes the attention. In other words could it create a misaprehension of the mission and possible positive effects the darkweb community tries to provide? I think the current media spin has that effect; in that it tends to paint the entire deep web and bitcoins and cryptography with a negative brush. this is both inaccurate and destructive. Our movie does not paint dark things in a positive light, it gives context to the entire arena.
Will the Silk Road be back? Also, can you say hi to my smokin hot babe Sherry? It is back.
Hey Alex, A quick glance at your wikipedia page has made me realise you directed Knock Me Down by RHCP! Did you have much contact with the band? How was it working with them? Thanks for the AMA; Looking forward to B&T3! I love the chili's and have known them for decades. they are still great, but in the mid 80's when I had the fortune of doing some work with them, it is hard to quantify how amazing they were. the best live act on the road, by far!!
So when are you planning to bless the world with Bill & Ted 3? Soon as we get it up and running!
If you could star in any movie from any time, what movie would it be and what role would you have and why? Buster Keaton in anything probably. No one in the movies ever had a better time.
So what is the "untold" story of Bitcoin/Silk road? Isn't most of it public knowledge by now? Or we'll we have to wait and see the movie? You don't have to wait if you join our Kickstarter and become part of the making of the movie! It is hardly public knowledge as no one has framed this story up yet in one film, and the story itself is unfolding every day. :)
What was the most surprising thing you found out about the Silk Road? That's in the movie :)
Hey Alex, What will Deep Web be like? Sort of a CNN special or does it have a bigger ambition, i.e. are you making it on a scale for wide distribution in movie theaters? If the latter, what documentaries would you compare it to in terms of style and storytelling? Our doc has a broader ambition than reportage. We are making a film about a technological revolution that has been brewing for decades.
Hm, don't know you but this does sound interesting. When can we expect this movie to come out? Anything interesting about these topics you learned? Every day I learn something new and fascinating. We hope to finish within the next year. Join our kickstarter and be part of our community :)
What ''good'' is there in the deep web? I only hear stories about horrific things like drugs, black market stuff, assassins, etc. Also, were you fortunate enough to had invested in bitcoin in it's early stages? The Deep Web is being demonized somewhat in the press, which is a misunderstanding of what it is. DW represents all content on the web that is not indexed. this doesn't mean people are doing bad things. it means they are unseen. the Dark Web is a term that has come to characterize people who use the web for illicit means. the dark web represents a fraction of the Deep Web.
On your Kickstarter campaign, you say, "Bitcoin has the potential to create a level of global disruption that will make Napster look like child's play." Can you expand on that? BitCoin is a peer to peer crypto-currency. Like any peer to peer technology it is decentralized and operated by a wide user base spread across the net. As such it is here to stay, and being an unregulated currency that exists outside the control of banks and governments, it is poised to have a massive impact on the world. That's what I mean :)
Why are you focusing on the darker side of the deep web instead of the good side? Its virtues clearly outweigh the illegal stuff. As someone who appreciates the privacy benefits of Bitcoin, TOR and the Deep Web, I am concerned about the public's disproportionate focus on its negative and illegal uses. Do you plan to address this bias at all? Question 1: I am absolutely not only focusing on the dark side of the Deep Web. In fact one of my key points is that the Deep Web is misrepresented, and inaccurately represented. It is mostly just a reference to all the content on the web that is not indexed. Most of which is not dark and a lot of which is frankly boring private data :)
Are you accepting Bitcoin for the financing of this film? If not, why not? Again, thanks for doing this, but I am concerned that your focus on the negative side of TOR will continue to twist the public's perception in the wrong direction. 2: We will absolutely be accepting BTC for the movie. But Kickstarter does not accept BTC so we are doing that separately. Stay tuned!
3: Yes the bias is a big problem and we will debunk the myths, just as I did with Downloaded. People like to hold onto their preconceptions tho, so I have no illusions about turning the world around :) A lot of people loved my Napster movie, but there were many in the mainstream press who were outraged that I didn't spend more time castigating the Napster architects for being thieves who created piracy software, when clearly that is not the truth, just the well-spun myth. but myths die hard.
How concerned are you with getting all the details right? You plan to talk about things happening in the more obscure and less legal parts of the Internet. The people who use those parts of the Internet are often pretty knowledgeable about the fine technical details, and are annoyed when people get them wrong. Even the term "Deep Web" has a whiff of "Information Superhighway" or "Series of Tubes" about it. Aside from just wanting to get the details right for the sake of having an informative and accurate documentary, are you concerned at all with upsetting the wrong kinds of people by doing this? After all, the guy behind Silk Road is rumoured to have tried(?) to have people killed. Our film isn't a Silk Road movie but an exploration of the history and evolution of the Deep Web, as told by its architects. That is the story that I believe matters most :)
Are you covering other crypto currencies? Also, I didn't think porn hid on the internet. I am yes. This movie is largely about the crypto-revolution.
What are your thoughts on the rather dubious "hired a hitman" charges against DPR (Ross Ulbricht)? Do you think law enforcement used parallel construction to identify the SR server or otherwise make the case against SDPR? Looking forward to this documentary, and I'm a huge fan of Bill and Ted! It's a really fascinating case that is unfolding and changing constantly. No one knows the full story at the moment outside of the Feds, and I'm sure they're chasing some crazy leads trying to iron it all out!
Hey Alex I was just wondering if you used Silk Road for movie research and what the movie is gonna be about? The site used to pride themselves on anonymity so is it a lot of speculation about what goes on behind the curtain or were you able to actually talk to and interview the people behind the scenes of the website? I didn't use SR for research but am in contact with many people close to the world and story.
Can I donate to the Deep Web movie via Bitcoin? I loved the Napster doc, and am super excited for this one, since judging by your prior work I think it will be very high quality. There was no bitcoin address listed on the kickstarter page! Yes Kickstarter does not allow BitCoin pledges. We will have a BitCoin option soon!
Bitcoin is seen as a "dirty" term by the media as it usually relates to illicit activities, what could make it a more clean and friendly method of payment to Joe Smith who runs a small florist in a mid size town in Washington? Time. people need to get used to crypto-currency. it's here to stay and perfectly legitimate unto itself.
I've always been a fan of Bill and Ted, however this question does not related to your career. You actually grew up next to my Dad (His name is Nick) in St. Louis/Clayton. He said your family loved television, and that he always joked your television might blow up one day. As ridiculous as that sounds apparently it actually happened to you guys one day. So did this actually happen? Is my father a liar? How much television does it take before it explodes? Wow that is some ancient history! Yes when I was five my brother and I got into a fight and someone hit the tv with their body, hard (such is the way of fraternal skirmishes, my bro and I have actually always been super close). We didn't know we had blown some of the electricals inside the TV and the next time it was turned on it exploded into flames (for real!) and burned the whole house down (totally true story!!)
What are your thoughts on other cryptocurrencies like Litecoin? I think it is early days for crypto-currency and eventually one will rule the roost. Whichever proves to be the most stable, trustworthy and provides the best ease of use.
I just hope that it's objective and that it doesn't needlessly throw BitCoin into dis-appeal. I mean, there have been other digital currencies which had been used for drugs, hitmen, child porn, whatever else. Sigh. Just don't slander it, k? <3 I totally agree with you, that's the movie :)
Are you worried about how Deep Web will portray bitcoin? Us bitcoin folks are already rather irritated about how much people make the point that bitcoin is used for illegal things, without pointing out that cash is used for the same thing. Oh we are making very very clear all the legitimate uses for Bitcoin.
Alex, do you think that Satoshi Nakamoto has any sort of link or relationship to Ross Ulbricht? Yes some people have been saying that. There are other people believed to have created Bitcoin that we are talking to.
What are your personal thoughts on the deep web and how it operates? Do you think the bit coin business model is the future of personal commerce? I do yes.
Don't you think it is a little early to start writing a story before the truth is completely released? I've been following the take down since day one and there are still so many things that haven't been answered. Absolutely. Our movie is about the Deep Web, it's not a Silk Road movie.
What do you think about Silk Road 2.0 being open? Inevitable.
Have you been able to get any key actors in Bitcoin, Silk Road etc to go on the record unanonymously? BTW...San Dimas HS football rules! Yes we have :)
I live in San Dimas. Do you know what you've done to me any time I meet people from out of town? Sorry. truly. We didn't shoot there, we shot it in Phoenix, so I never thought about San Dimas one way or the other. Until many years later I made the mistake of taking my kids to the water park there without thinking about it. Very very very VERY big mistake for "Bill" to waltz into a water park in San Dimas...
What do you think George Carlin would have said about Bitcoin and Silk Road? Link to www.youtube.com
Can you please make sure that bitcoin ends up not getting the image of "crack dollars"? I'd like if people didn't associate bitcoins with just silk road. Agree!!
Bill& Ted 3: elaborate please! We have the script and our producing team on board, in finance mode now... :)
What is socrates like in real life. A windbag.
New Idiot Box sketches on YouTube please. Burrowing Bishop, If I Had My Way, etc.etc. I think everything we shot has made its way up there :)
I have yet to ever have a question answered in an AMA, not a question but a simple acknowledgment of my existence would be fantastic. Love BnT BTW. You exist!!!
We demand a sequel to Freaked. That is all. Me too! One day... many many eons from now... it will happen...
Can you give me 3 words that will best describe the movie to me. Join our Kickstarter! :)
Last updated: 2013-11-29 19:11 UTC
This post was generated by a robot! Send all complaints to epsy.
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