The Process Behind Bitcoin Transactions Paxful Blog

SwC Poker: #1 Bitcoin Poker Site

SwC Poker is the largest Bitcoin online poker site in the world.
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EMV

Discussion about Europay, MasterCard & Visa chip cards.
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BlackCoin Subreddit

BlackCoin is a digital currency similar to Bitcoin. It is a pure Proof of Stake coin, except stage of initial distribution, when it was mixed PoW and PoS coin. For more info, go to http://blackcoin.org/
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Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors

Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors submitted by hollowdef to bitcoincashSV [link] [comments]

Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors

Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors submitted by thacypha to bitcoinsv [link] [comments]

Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors

Ari Kuqi: App builders must connect users directly to Bitcoin transaction processors submitted by n4bb to CoinPath [link] [comments]

We should have a test with all crypto payment processors world-wide to see if users can reverse their Bitcoin Core (BTC) transactions. It would be the end of Lambo.

We should have a test with all crypto payment processors world-wide to see if users can reverse their Bitcoin Core (BTC) transactions. It would be the end of Lambo. submitted by Egon_1 to btc [link] [comments]

Bitcoin Association Annual Report 2019 - Extracts: Transaction Processors

Bitcoin Association Annual Report 2019 - Extracts: Transaction Processors submitted by thacypha to bitcoinsv [link] [comments]

Transactions processors cooling to BTC network before Bitcoin halving

Transactions processors cooling to BTC network before Bitcoin halving submitted by thacypha to bitcoinsv [link] [comments]

Transactions processors cooling to BTC network before Bitcoin halving

Transactions processors cooling to BTC network before Bitcoin halving submitted by n4bb to CoinPath [link] [comments]

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors.

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors. submitted by CryptoStrategies to btc [link] [comments]

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors.

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors. submitted by CryptoStrategies to Bitcoincash [link] [comments]

What is Bitcoin? How can I explain it to the general public?

Okay. So start with what the hell is "Bitcoin Mining". You end up with even more questions!
So a "Bitcoin Miner" is literally a transaction processor (computer program) that verifies the transaction against a ledger of every transaction ever processed, AKA the Blockchain (not to be confused with blockchain.info), and then appends the ledger. What the hell does that mean?
Think of a "Bitcoin Miner" as a "Bitcoin Transaction Processor". To incentivize decentralized processing, an award needs to be given to the person/persons spending the resources to process transactions (IE CPU power and power from the wall). So every transaction processed costs .0001 BTC (rule set by the blockchain, changed with the volume of trades being processed). That still doesn't introduce new Bitcoin to the environment though.
Every time a "Bitcoin Transaction Processor" processes a transaction you get a guess at a random "Hash" of the form "00000000000000000b3d867c011a3dfd7cf3ba69442d4003d36c7b312eeba3de". Your guess is directly generated from the transactions processed. Once the hash is guessed an award of 25BTC + transaction fees collected is awarded to the "Bitcoin Transaction Processor" that found the matching hash. This can take 2 minutes or 2 hours, the current average is ~10 minutes/block hash found and a new 25 BTC is introduced to the market. But if new BTC is being made won't it lose its value?
No. It used to be 50 BTC, now it's 25 BTC, and after we hit the next 210,000 blocks mined it will become 12.5 BTC and so on. Once 21 million have been awarded no more can be put into the economy based solely on math. At that time the "Bitcoin Transaction Processors" will only be making the transaction fees back. The properties of the BTC is that of an un-counterfitable bit of data that can be easily transferred between parties on an instant low cost basis.
This bit of data has exactly the same properties of precious materials originally used to give money value. It's only in the last ~60 years that cash has lost its physical value and only has faith value.
So that's why people are using it as currency, how it's generated, and because each miner verifies the blockchain with each other you'd need to have 51% of the processing power on the network to overpower the network and control the ledger.
This is pretty cool technology and can be used for all sorts of things in the future. If anyone sees a mistake or over-generalization I made please let me know so I can correct it! Happy Bitcoining guys!
submitted by piroko05 to Bitcoin [link] [comments]

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors.

Accepting Bitcoin BCH is a proven way to increase sales at your business. This shop has done over 40 separate transactions totalling $500+ in the 3 weeks since he added BCH. Small purchases for coffees/sandwiches, saving more money which normally goes to payment processors. submitted by vegasbooty to Cryptoandme [link] [comments]

/r/bitcoinsec - Wiki: Timeline of Heists

Hey all!
This stickied thread is temporary: Data will be moved to wiki so users can update.
therealbobsaget proposed the idea of keeping a relatively accurate record of Bitcoin heists. I believe the idea is great, and we can utilize the Wiki to store this information down for historical reasons.
From History_of_Bitcoin#Theft_and_exchange_shutdowns:

Mt. Gox:

On 19 June 2011, a security breach of the Mt. Gox Bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt. Gox exchange, after a hacker allegedly used credentials from a Mt. Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. They used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price reverted to its correct user-traded value. Accounts with the equivalent of more than US$8,750,000 were affected. Source Source Source Source

Bitomat:

On July 2011, the operator of Bitomat, the third largest Bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to US$220,000 at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers. Source

MyBitcoin:

In August 2011, MyBitcoin, a now defunct Bitcoin transaction processor, declared that it was hacked, which caused it to be shut down, paying 49% on customer deposits, leaving more than 78,000 bitcoins (equivalent to roughly US$800,000 at that time) unaccounted for. Source Source

Bitcoinica:

In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica — a Bitcoin trading venue — claiming about US$460,000 from the company. Bitcoinica was hacked twice in 2012, which led to allegations that the venue neglected the safety of customers' money and cheated them out of withdrawal requests. Source Source

Bitcoin Savings and Trust:

In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around US$5.6 million in Bitcoin-based debts; this led to allegations that the operation was a Ponzi scheme. Source Source Source Source. In September 2012, the U.S. Securities and Exchange Commission had reportedly started an investigation on the case. Source

Bitfloor:

In September 2012, Bitfloor, a Bitcoin exchange, also reported being hacked, with 24,000 bitcoins (worth about US$250,000) stolen. As a result, Bitfloor suspended operations.[116][117] The same month, Bitfloor resumed operations; its founder said that he reported the theft to FBI, and that he plans to repay the victims, though the time frame for repayment is unclear. Source

Instawallet:

On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[119] resulting in the theft of over 35,000 bitcoins[120] which were valued at US$129.90 per bitcoin at the time, or nearly $4.6 million in total. As a result Instawallet suspended operations. Source

Bitcoin+Android PRNG:

On 11 August 2013, the Bitcoin Foundation announced that a bug in a pseudorandom number generator within the Android operating system had been exploited to steal from wallets generated by Android apps; fixes were provided 13 August 2013. Source

Inputs.io:

A Bitcoin bank, operated from Australia but stored on servers in the USA, was hacked on 23 and 26 October 2013, causing a loss of 4100 bitcoins, worth over A$1 million. Source

Global Bond Limited (GBL):

In Hong Kong a Bitcoin trading platform owned by Global Bond Limited (GBL) vanished with 30 million yuan (US$5 million) from 500 investors on 26 October 2013. Source

SilkRoad:

After the arrest of SilkRoad's owner, the FBI claims it has confiscated over 144,000BTC. Source

Sheep Market (post-silkroad):

The debate concerning the Sheep Market heist of 96,000+ BTC is still ongoing, there has been talks of the owners simply taking the money and running, while the owners claim that their operations were "hacked". Source

Users:

301BTC were taken from SatoshiChrist's blockchain.info wallet. Attack method unknown, what is known is lack of 2FA may have lead to attacks capturing his wallet information from either phone or system.
Found a great thread over at Bitcointalk.org containing even more heists:

Linode hacks:

Besides the aforementioned Bitoinica, Bitcoin.cx and Bitcoin faucet among others were affected by this attack. Response by Linode

Allinvain Theft:

In 2011 a miner and Bitcointalk.org user "Allinvain" awoke to find 25,000BTC were transferred out of his wallet. He believes his system may have been infected by the attackers. Source
Will be updating periodically. Leave heist information and sources in comments, thanks!
submitted by bitcomsec to bitcoinsec [link] [comments]

BitPay Bitcoin support mobile payments.

Apple's mobile payment solutions so that everyone's face lit up, and the status of the virtual currency Bitcoin do? Bitcoin transaction processor last week in Las Vegas BitPay Money 20 / 20 on announced the launch of Bitcoin checkout App.
bitpay.com
Located in Atlanta BitPay said the future as long as through support NFC devices will be able to complete the transaction. Future convenient way to trade is expected to make the application more popular Bitcoin.
"For retailers, the proportion is increasing acceptance of mobile payments, but the industry to provide solutions, but there is no way to secure more convenient than a credit card" BitPay founder Tony Gallipot said, "accept Bitcoin payments can save big pen money, especially customers around the world. "
Currently BitPay The App can use 150 kinds of currency trading, there are already 40 languages.
Read more: BitPay Bitcoin support mobile payments. | 4G | Tech News | Breaking news - latest news headlines of GSM, 3G, 4G technology. http://www.4g-bd.com/2014/11/bitpay-bitcoin-support-mobile-payments.html#ixzz3IrNsIJBj Under Creative Commons License: Attribution Follow us: @tutorialblog1 on Twitter
submitted by 4gbd to Bitcoin [link] [comments]

Payment Processor Stripe to End Support for Bitcoin Transactions

Payment Processor Stripe to End Support for Bitcoin Transactions submitted by Blocksource to btc [link] [comments]

Everyone praises Bitcoin for low transaction costs, but is that just because it hasn't taken over like Visa yet? What happens when Bitcoin becomes the number one processor and can charge 3-5% for a transaction like Visa does?

submitted by Savag3Coiner to Bitcoin [link] [comments]

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Largest Bitcoin payment processor reports a 165% increase in merchant transactions since October.

Largest Bitcoin payment processor reports a 165% increase in merchant transactions since October. submitted by toomanynamesaretook to technology [link] [comments]

Payment Processor Stripe to End Support for Bitcoin Transactions

Payment Processor Stripe to End Support for Bitcoin Transactions submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees

Bitcoin Payment Processor BitKassa Suspends Services due to High Transaction Fees submitted by bitnewsbot to bitnewsbot [link] [comments]

10-08 15:22 - 'DECENTRALIZED CENTRAL RESERVE Minerva is the world's first "reverse merchant processor." We pay transaction fees to businesses, we don't charge them.' (minerva.com) by /u/garik100 removed from /r/Bitcoin within 1202-1212min

DECENTRALIZED CENTRAL RESERVE Minerva is the world's first "reverse merchant processor." We pay transaction fees to businesses, we don't charge them.
Go1dfish undelete link
unreddit undelete link
Author: garik100
submitted by removalbot to removalbot [link] [comments]

Coinbase denied a friends 501(c) non-profit for an account. Bitpay will force S2X transactions on them so I would rather not recommend them. What are some other payment processor alternatives that they can apply for? /r/Bitcoin

Coinbase denied a friends 501(c) non-profit for an account. Bitpay will force S2X transactions on them so I would rather not recommend them. What are some other payment processor alternatives that they can apply for? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin transaction demo - YouTube Bitcoin - Transaction records - YouTube Blockchain - Transactions Bitcoin Fees and Unconfirmed Transactions - Complete ... George Levy - What is a Bitcoin Transaction?

The thing about bitcoin transactions is that although BTC is sent to and from bitcoin wallets, these “wallets” don’t actually store BTC. Instead, they hold bitcoin addresses —records of all your transactions. Bitcoin addresses look like 34-character long strings of letters and numbers, and are also known as your public key. This is the ... The risk was not only in the ability to win bitcoins but the fact that the value of bitcoin was questionable. This regime is changing, and the need for “miners” to convert to the transaction processing business is exactly what drives our vision and strategy at TAAL. What is the transaction processing business? It is a peer-to-peer transaction that happens between the users. There are no tax liabilities over the bitcoin currency in many nations; that’s why it is attracted by most of the people. Our Bitcoin payment processor offers lower transnational fees than traditional online payment mechanisms. Secure Framework Complies To ISO 27001/27002 Standards No matter the transaction size, Bitcoin Cash payments cost less than a cent making high payment processor fees a thing of the past. Zero chargebacks Every payment in Bitcoin Cash is permanent so, unlike with credit card chargebacks, you have the right to make refunds at your own discretion. Features to Look for in a Bitcoin Merchant Processor Can I get a unique Bitcoin address for each transaction? Bitaps provides Bitcoin processing RESTful API without registration and restrictions. API includes basic processing, affiliate and mass payments, Bitcoin smart contracts to keep distributed hot wallet and cold storage balances, standard ...

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Bitcoin transaction demo - YouTube

Support our channel by using the Brave browser, browse up to 3 times faster, no ads, get rewarded for browsing: http://bit.ly/35vHo0M This is a complete begi... How transactions are verified in Bitcoin Blockchain - Longest chain rule explained Watch our earlier Blockchain videos Blockchain Simplified: https://www.you... In this video, we introduce the concept of "transactions" which are the means by which value is transferred between parties in bitcoin. Bitcoin is commonly r... The basic mechanics of a bitcoin transaction between two parties and what is included within a given bitcoin transaction record. More free lessons at: http:/... In this video I explain what a Bitcoin transaction is, what the contents of a Bitcoin transaction are and I present an example of sending and receiving bitcoins.

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