Download Bitcoin Armory - MajorGeeks

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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

Where can I buy bitcoins?

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

Securing your bitcoins

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

Where can I spend bitcoins?

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

Merchant Resources

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

Can I mine bitcoin?

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

Earning bitcoins

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

Bitcoin Projects

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

Bitcoin Units

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

I'm an Undercover FBI Agent on the Deep Web

Part one
My name is Special Agent “Barry Allen” . (Not my real name of course) It's actually my code name. Given to me by my colleagues. You may recognize this name from the comic book character “The Flash”. I was given this name due to my quickness to obtain IP addresses , bypass firewalls and hack into certain deep web sites and shut them down. That is my area of expertise.
However, I've also been assigned to a Joint Task Force before which tracked and arrested drug runners, firearms dealers and human trafficking rings. Believe it or not. The federal government is everywhere. Social media, Reddit, YouTube. You name it. We have our guys on it. We monitor everything. That being said, the FBI only has jurisdiction to operate within the borders of the United States.
In this new digital age we find ourselves living, Cybercrime is much more of a direct threat. Now more than ever…
Yes in the past we feared as a nation, biological and chemical warfare. As an example, right after 9/11 the United States had an Anthrax attack. In the FBI, it was known as “Amerithrax” Letters were mailed containing anthrax spores to several news media offices and to Democratic Senators Tom Daschle and Patrick Leahy, killing 5 people and infecting 17 others. Once the victim opened the letters they would immediately be exposed to the spores. Inhaling them is the most deadly form of the attacks. And it quickly destroys your immune and respiratory system's.Back then there were no known cures and it was difficult to treat as the symptoms often times confused doctors. The death rate once exposed was nearly 95% .No one was ever officially arrested or tried as the primary suspect for this horrific crime. If you ask me though, the scariest part of this investigation is where it led us….To a lab on an Army base. Essentially the US Army was weaponizing Anthrax using independent scientists specializing in microbiological warfare.
Of course though, if you wanted to bring down Western Civilization today , all you'd have to do is manipulate or destroy our satellites and we would be back in the dark ages. Computers, banks , grocery stores and cell phones, power plants, even the water filtration system runs with electronics and the ability to communicate with satellites.
Essentially, our world now depends on this. It's scary to think about. Especially when 14 year olds are hacking into the largest banks in the world from their mother's basement. Somehow they are able to bypass the best security systems we know of. (I personally believe they are using password skimmers) We joke in my department that in order to work for us, you simply only need to be smarter than a teenager.
My background is in IT while in the military. While serving i also obtained several certifications and degrees in my field..
I worked alongside someone i never thought i would. Turns out the federal government often times hires former hackers to “consult” for them. In fact they have an army of internet soldiers at their disposal. I was actually trained by a convicted felon. It's been said he is one of the best hackers in the world. Eventually i was put in contact with men in the FBI. Essentially went through a series of rigorous “tests” to determine my operating field of work. After seeing our skills, they then placed myself and the felon on the Cyber Anti-Terrorism unit (or CAT as we call it) .
Our first assignment was to locate a man on the Deep Web known only as “Captain Death” He runs this anonymous site in which the viewers would donate bitcoin to watch unspeakable acts of torture, mutilation and murder. Often times called “Red Rooms”. After searching for a while, clicking on every single link given to us, we found the exact link which directed us to the host site.We visited the website. For a moment the page was completely black. So we waited a few moments. Suddenly a bright red colored text appears across the top of the screen. “Welcome! To the house of pain, tonight's events will commence in 2 minutes. Enjoy” Looking over at my colleague, Jeff begins penetrating the sites security systems attempting to find the IP address of the hosts location. Viewing the site still with my eyes locked onto the screen. Using my laptop separate from Jeffs. The monitor goes black, Then a video attempts to load. Buffering now for several minutes. “Any luck Jeff”? I ask. “I'm searching for a weakness in the security firewall. Give me a minute” he responds. Frustrated i say, “We may not have a minute” Using access control, Jeff was able to find and manipulate the users login information bringing down the video before the it began. Believe it or not. One of the weakest points to a website can often times be it's login feature. Jeff found a vulnerability in the source codes software and exploited it. Still haven't found the guy. As that process is much more difficult. For now, we can rest a little bit easier knowing his account is compromised.
The best hack is when you can invade a security system and not ever be noticed. This was not one of those instances. “Who are you” appears on Jeff's computer screen. He responds quickly “The Dark Knight” in bold green text as he looks over the offenders account. Attempting to track down banking information. Recent transactions. Even bitcoin exchange.
Searching over the vast amount of data pouring into the site. Seems they have gone through great lengths to keep themselves hidden from the public. The Identity of the perp is still unknown. Patting Jeff on the shoulder i thank him for saving my eyes from witnessing god only knows what. I suppose for now it's a small victory. “Let's take a break Jeff” I urge. Shutting down our laptops we exit the dark cold room we sat in with monitors, computers, servers and many other electronic components all around us. One thing to remember, heat is the enemy of electronics. and for some strange reason, we enjoy freezing our asses off while hacking.
Walking outside Jeff lights up a cigarette and takes a drag. Putting on his sunglasses “Want one?” He asks “No thanks, they really break my concentration, I don't seem to function well with that in my system” i reply… he scoffs and quietly whispers (amateur) while choking and coughing. I smile and look up “Yeah well at least I can breathe” I say laughing. (A smile forming on ny face) We begin walking to a nearby restaurant. My phone lights up and rings loudly. It's my supervisor. “Go for Barry” I speak confidently. My boss is breathing heavily into the phone and says sternly “What's the News on Captain Death”? I begin to inform him on our progress and our struggles. “Keep me posted Barry, good work.” He says. (Not telling him Jeff did most of the work, i feel bad for taking credit for this one)
Reaching the doors of the bar and grill, I notice a man sitting in the corner of the restaurant with his family. Jumping back quickly while peering around the corner. Jeff gives me a strange look as I inform him that man is a fugitive from an earlier investigation. I call in for back up and sit back in our unmarked unit waiting for the Cavalry to arrive as he is armed and extremely dangerous. 15 minutes pass as back up swarms the parking lot. We exit the vehicle and surround the building. Rushing in 12 men strong, guns drawn we make the arrest. Fortunately, he did not resist. No civilians were harmed on the takedown.This man has been on the run for months moving from state to state. I had previously set up a sting operation to illegally buy stolen guns from the man which had been arranged through the deep web. However , this particular sting was an in-person arms deal. He appeared very spooked and got away from us before the transaction was made. After searching his panel van today we found an entire armory of weapons. A few days pass and we now have a search warrant issued by the judge for his last known address. Confiscating all of his computers, hard drives and weapons. My partner and I found a hidden room below the living room floor boards with $1.4 million dollars in it. It also had passports and other documents. He was ready to flee the country for sure. Why he was out in public is beyond me. Though often times, men like him feel they are untouchable and above the law.
It's several weeks later and work has been slow. (Not sure if that is good or bad) Until today that is, I began chatting on forums and meeting interesting characters in chat rooms. On the clear net and deep web. Today I met a dark shadowy figure online. He claims to have worked with a group of hackers who specializes in debit and credit card theft online. (Playing the part ask in a private chat) “How much does this pay?” Moments pass with no answer. I sit and wait for a response. A message appears with a link and a phone number. “Contact him for a trial run, if you do well. He'll set you up with further work” he writes. (Thinking for a moment, finally an adversary worth hunting) Typing quickly I say “Who is he, do you know him personally”? He responds rapidly and the text box closes after he writes “Rule number one, no names!” Fortunately I was able to copy the link and phone number before my computer screen went completely blank.
Reaching for the burner phone i recently acquired i begin dialing the number provided. It rings several times. No answer. So i check out the link i copied. Right before i click on it. My phone lights up and rings beside me forcing me to jump out of my seat. Startled i look at the cell phone. Mildly confused as it reads 'unknown number’. Quickly i answer the phone. A man on the other end speaks. “How did you find this number”? he asks. I inform him i was searching online for a while. Im new and im looking for work. “I was told you're the man to call if i wanted some action, i need the money” i implore. “Competition is next week, meet at this address, winner gets a spot on my team, if you think you're up for the test, be on time” he demands. I thank him and abruptly hang up.
Jeff comes over to my place. He has some info on low level guys in the fraudulent/stolen debit card scheme. Using an unmarked and totally not suspicious surveillance van. We follow a few men on their day to day operations. For the most part, this portion of our job is the worst. Very daunting and boring. Sitting and waiting isn't exactly glamourous as the movies depict it to be.
From what we can tell so far these men are using credit card skimmers. Victims of credit card skimming are completely blindsided by the theft. They notice fraudulent charges on their accounts or money withdrawn from their accounts, but their credit and debit cards never left their possession. How did the theft happen?
You may be wondering, what exactly is this? Credit card skimming is a type of credit card theft where crooks use a small device to steal credit card information in an otherwise legitimate credit or debit card transaction. When a credit or debit card is swiped through a skimmer, the device captures and stores all the details stored in the card's magnetic stripe. The stripe contains the credit card number and expiration date and the credit card holder's full name. Thieves use the stolen data to make fraudulent charges either online or with a counterfeit credit card.
These men have been using these small devices all over the local area and surrounding states as well. Targeting the nicer areas of town. Attaching the devices to the ATMs. Sitting a short distance away in their cars watching each victim approaching. Laughing all the way to the bank...so to speak. After several days of stake-outs. Out team makes the arrests. Finding blank cards, machines and large sums of cash on hand. After hours of interrogations we learn a much bigger scheme is in the works. The men inform us that they were merely a distraction for a much larger crime. My supervisor gives us clearance to make a deal with them. Lessening their charges if they are willing to cooperate. Speaking with the men for 3 more hours we learn what's really going on. The next few days are extremely tense as our offices try to warn all the banks and even get the media involved.
Calling every bank, big and small we alert them of the situation that cybercriminals are poised to carry out an “ATM cash-out,” an operation that gives thieves access to untold sums of money by bypassing security measures on an ATM. If successful, the operation has the potential to be a heist unlike any we’ve ever seen.
The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation‘.
These unlimited operations compromise financial institutions or payment processors by installing malware that allows hackers to exploit network access, allowing admin-level access. Once inside, they can disable fraud protection, raise maximum ATM withdrawal amounts (and transaction limits) and withdraw large sums of money. Millions, potentially.
All they’ll need to carry out the attack are debit and credit card numbers found on the dark web, and dummy cards, also known as “blanks,” to attach the numbers to.
The cyber criminals typically create fraudulent copies of legitimate cards by sending stolen card data to co-conspirators who imprint the data on reusable magnetic strip cards, such as gift cards purchased at retail stores. At a pre-determined time, the co-conspirators withdraw account funds from ATMs using these cards.
It's nearly a week later and im preparing for my tests. I have my laptop ready in its case. Im extremely nervous.The information given to me is that i am to meet at this very strange building on the outskirts of town. I have no idea what to expect. I must come in first place to become a member of the team and ultimately take down the leader of this cybercrime domestic terrorist.
If things go according to his plan.He could potentially put the entire country on its knees and our banking systems would completely collapse.Chaos and madness will spread like wildfires. Millions of people unable to access their money will riot and destroy stores. Stealing food and everything they can get their hands on. The police will be overrun and unable to do anything about it. The military would most certainly be called in an attempt to regain order. Mass hysteria ensues. To the extremes we have never seen before. I must stop him. Before its too late….
Part 2
The day has come and I just received the call I've long avoided. It is time. The competition for top tier hackers are meeting at this building in which i believed to have been abandoned. We are in the surveillance van. Heading towards our destination. Our equipment is all packed up. Wearing a wire on my chest. (Hopefully they don't pat me down upon entry) Jeff is driving recklessly, as he has a bad habit of being late. Testing the audio in the back of the van. Generally this is done days before an operation. However, we are rather short on time. (Not pointing any fingers)
Leaving the city limits, we now enter a heavily wooded area. There is only one way in. The road is turning into rubble. Small rocks are shooting from our tires .Lights are fading behind us as we venture further into the forest. Jeff now using high beams. We notice it's grown quiet. Other than hearing the tires on the gravel road. There seems to be less and less wildlife in the area. I got this feeling like we are being watched.
Checking my cell phone, we have lost all signal. (Is this a trap)? i thought . Our other equipment seems to work just fine. I can begin to see dim lights in the distance. We must be nearing the competition. “You ready for this?” (Jeff asks while blowing smoke out the window) I start to swat the backdraft of the smoke billowing back into my window. “Yeah, I'm ready, you should really consider cutting back on the smokes.” I utter. Just then, a pack of Marlboros are hurled in my direction. “We're here , Barry. Make sure you have everything.” (Jeff commands) “I'm all set.” I reply.
Jeff stops the Van on the gravel. Exiting the vehicle, i grab my backpack while adjusting my clothes. (I found some glasses with regular lens in them, so as to ‘look the part’) Walking towards the building i speak quietly into my chest microphone. “Test, test chest mic, how do you read me” i ask. (Jeffs growly voice comes into my earpiece) “Loud and clear, good luck” he responds.
One odd thing i notice right away as my feet kick up against the rocks on the ground is that there is only one vehicle other than ours. A large bus. Slightly confused, i look in every direction while also investigating the bus. Seems as though it's empty. (Later i would learn everyone else met up at a different location and they all took the bus to get here).
Reaching the suspicious looking building, i reach for the door handle. As the door opens with little force, loud music hits me as well as bright flashing lights. What the hell? Walking around i find what i was looking for in a back room. “You're late , take your seat.” a well dressed man says (Seeing one empty seat left) Grabbing my laptop from the bag. Booting it up and joining the their local area network. Connection established. A strange software automatically downloads on my laptop.
The man who greeted me walks over to examine my screen. “We will wait until this participant is ready” (he tells everyone else) Minutes pass and the program has finished installing. What's on my screen is a D O D login showing the user name and password empty fields. “Ok everyone, your first task will be to crack the code and gain entry into this system. You have ten minutes to access the servers and find the login information. The first 10 people who accomplish this task will advance to the next round, good luck, your time starts now!” he explained.
A voice come over my earpiece once more .“Ok Barry, i'm linked up with your laptop, i can see everything you see. I will now control everything remotely. How do you read”? Jeff says quietly. “I hear you, I'll let you take over from here.” I reply. My colleague begins typing away like mad. It's been said he can type up to 153 words per minute. Looking at my screen, the computer is changing rapidly, each window appearing with different streams of code. (Almost like what you seen in the movie The Matrix) Which i suppose is a foreign language to most people. It can seem overwhelming at times. Normally. I would be doing this.
Jeff is far better and faster than i. It's not worth the risk. This task is far too important. There is much at stake here. As he continues going in through the firewall. More boxes open and close all over the screen. I appear as if im typing away. As there is a man walking around watching each potential hacker perform their duties. Not sure if it's the leader of this anonymous group. He is in a dark suit and all i can see is the flashes of light from each monitor.
Maybe it's just my paranoia but i feel like he keeps shooting me these awfully suspicious looks. Have to stay focused. Come on Barry. You need this. Concentrate! Keep your head in the game. I can't lose myself in the moment. Oh wait a minute, i just now remembered. I'm not even in control of my machine. Jeff, i sure as hell hope you know what you're doing…
“Barry, you DO know i just heard everything you said, right? Now shut the hell up and let me work. We only have 4 minutes left!!” Jeff urges. “Well then hurry up you lung cancer having prick, I'm dying in here. Must be 90 degrees” i whisper. Just then (Access granted) appears on my screen. The login information has been hacked. Instantly i jump up as if I've just won in BINGO. “I'm in!!!” I yell loudly to the man. He nods and another man comes over to confirm the legitimacy of my claim.
After confirmation is given a few moments later. Myself and several others are ushered to another room not first seen when you enter the building. First we are taken down a flight of unkempt stairs creaking and groaning with every step. Feeling as it could give out at any moment. Our group reaches the bottom of the stairs and are now on a platform. A mechanical whirring is heard as we now are being lowered even further underground. “Where the hell are we going”? One man asks in fear. “Silence fool”!! (Says the man in a nice dark suit) Finally the platform stops as i would approximate we are at least 80 feet underground.
A long dark hallway is before us. Lit dimly by low hanging lights. Which never seem to end as far as we can see. Walking for several minutes i no longer hear my associate in my ear piece. So i remove it quickly before anyone notices. There is a musty smell that has disturbed me immediately coming down here. It grows stronger the closer we get to the direction we are headed. Im last in line only in front of what i assess is a hired goon.
Stopping for a moment im pushed forward on my upper back near my shoulders. (I swear if i wasn't trying to save the world right now, I'd just take out my service pistol and blow this cocksucker away. No one would miss him) We reach a large old wooden door with absolutely no handle or markings of any kind. The leader pushes up against the wall near the door and it opens slowly. Everyone pours in single file line. There is a large wooden table with chairs almost like a conference room. “Take your seats please” the leader addresses. “You're all probably wondering what the hell we are doing down here, well you're here for a job. Also i didn't want any interference of any kind. Just in case the government is watching us. There's no way they could possibly hear what's being said this far underground.” He explains.
“Congratulations to each of you that has moved on to the next round. You 10 have been chosen to advance to the next stage in the competition. This following task will include various stages of difficulty. You will be chosen at random by a computer so it's completely fair. Each of you are to hack into some the world's largest banks and bring down their servers. Please come back to this location. Your names have been taken down and we shall contact you if anything changes. I expect to see all of you back with us .Same time next week. 6 days from now. That is all for now, thank you.”
The leader finishes and leaves the room first. Each man muttering and chatting loudly. I can hear only bits and pieces as everyone is talking loudly. Minutes pass and we are escorted out of the building. Everyone begins walking towards the bus. I veer towards my van and am stopped by the same man who pushed me earlier. “Just where the hell do you think you're going”? He asks. “Oh i didn't get the meet up spot, i had to drive here.” I respond while swatting away his hand from my shoulder. The man reaches in his pocket pulling out a card. “Be at this location and be on time or we will find someone else” the man urges. I snatch the card and stuff it into my wallet.
Reaching the van, i hop in and drive away. “What the hell happened in there”? Jeff demands. I begin informing him of everything that took place and explained the situation. He nods and tells me good work. Wait a minute, this doesn't look right. Jeff looks at me puzzled. Something is off. I don't remember any of this. Now there's a fork in the road. Is this the way we came? I thought i remembered it being only a one way in and one way out. “You went off the gravel road, move over,let me drive.” Jeff says. Hey sorry man, I'm a hacker. Not a tracker. Just get us the hell out of here. I'm more lost than Atlantis.
About an hour passes and Jeff somehow gets us out of the woods and back to the main road. We head back towards my house. But suddenly he makes a detour. “Screw this man. After all that i need a damn drink. You down”? Jeff asks. “Well in the words of my father, If you have time to think, you have time to drink” i utter proudly. (Then again dad was a major alcoholic, so perhaps that's bad advice) “Well alright then” jeff says as he floors the gas pedal.
Roughly 20 minutes later we arrive at his favourite bar where he immediately opens up a tab. I'm worried as I've heard he drinks like a fish. Not to mention we are both armed in a bar. (Yes that's illegal but screw you i am F B I. Remember folks, laws are made to be broken, otherwise, I'd be out of a job)
Crap i think i have lost my colleague. I begin walking around the establishment and am stunned to see this gorgeous blonde woman cross my path. We strike up a conversation and i soon forget about Jeff. (Meh oh well he is a grown man, i am sure he will be fine) She asks what i do for work and of course i lie. Never know when you need to run a background check on someone. Besides telling the whole world you're an undercover FBI agent isn't exactly the best idea. Or so the Bureau instructed us.
We continue chatting for a while and eventually part ways as it began to get late into the night we exchange numbers and she leaves gracefully. I walk outside to see the van still parked in the same spot. A bit puzzled i go over to inspect the van thinking maybe he just passed out in the front seat. I arrive at the driver's side door and open it to find all of our equipment gone and jeff is nowhere to be found. Freaking out i run back into the bar searching all over even behind the bar next to the register.
The bathrooms are empty and it's closing time. I have no idea where he went.. Did he leave with some one or was he was abducted possibly, either way i am completely dead if my supervisor finds out about this. I have to find him and the equipment. And who the hell was that girl, could she have something to do with this? I need answers. Oh no. I just realized, my laptop is also missing. If that information gets in the wrong hands. It could have catastrophic consequences…...
submitted by BeardedVeteran to DrCreepensVault [link] [comments]

I'm an Undercover FBI Agent on the Deep Web.

Part one
My name is Special Agent “Barry Allen” . (Not my real name of course) It's actually my code name. Given to me by my colleagues. You may recognize this name from the comic book character “The Flash”. I was given this name due to my quickness to obtain IP addresses , bypass firewalls and hack into certain deep web sites and shut them down. That is my area of expertise.
However, I've also been assigned to a Joint Task Force before which tracked and arrested drug runners, firearms dealers and human trafficking rings. Believe it or not. The federal government is everywhere. Social media, Reddit, YouTube. You name it. We have our guys on it. We monitor everything. That being said, the FBI only has jurisdiction to operate within the borders of the United States.
In this new digital age we find ourselves living, Cybercrime is much more of a direct threat. Now more than ever…
Yes in the past we feared as a nation, biological and chemical warfare. As an example, right after 9/11 the United States had an Anthrax attack. In the FBI, it was known as “Amerithrax” Letters were mailed containing anthrax spores to several news media offices and to Democratic Senators Tom Daschle and Patrick Leahy, killing 5 people and infecting 17 others. Once the victim opened the letters they would immediately be exposed to the spores. Inhaling them is the most deadly form of the attacks. And it quickly destroys your immune and respiratory system's.Back then there were no known cures and it was difficult to treat as the symptoms often times confused doctors. The death rate once exposed was nearly 95% .No one was ever officially arrested or tried as the primary suspect for this horrific crime. If you ask me though, the scariest part of this investigation is where it led us….To a lab on an Army base. Essentially the US Army was weaponizing Anthrax using independent scientists specializing in microbiological warfare.
Of course though, if you wanted to bring down Western Civilization today , all you'd have to do is manipulate or destroy our satellites and we would be back in the dark ages. Computers, banks , grocery stores and cell phones, power plants, even the water filtration system runs with electronics and the ability to communicate with satellites.
Essentially, our world now depends on this. It's scary to think about. Especially when 14 year olds are hacking into the largest banks in the world from their mother's basement. Somehow they are able to bypass the best security systems we know of. (I personally believe they are using password skimmers) We joke in my department that in order to work for us, you simply only need to be smarter than a teenager.
My background is in IT while in the military. While serving i also obtained several certifications and degrees in my field..
I worked alongside someone i never thought i would. Turns out the federal government often times hires former hackers to “consult” for them. In fact they have an army of internet soldiers at their disposal. I was actually trained by a convicted felon. It's been said he is one of the best hackers in the world. Eventually i was put in contact with men in the FBI. Essentially went through a series of rigorous “tests” to determine my operating field of work. After seeing our skills, they then placed myself and the felon on the Cyber Anti-Terrorism unit (or CAT as we call it) .
Our first assignment was to locate a man on the Deep Web known only as “Captain Death” He runs this anonymous site in which the viewers would donate bitcoin to watch unspeakable acts of torture, mutilation and murder. Often times called “Red Rooms”. After searching for a while, clicking on every single link given to us, we found the exact link which directed us to the host site.We visited the website. For a moment the page was completely black. So we waited a few moments. Suddenly a bright red colored text appears across the top of the screen. “Welcome! To the house of pain, tonight's events will commence in 2 minutes. Enjoy” Looking over at my colleague, Jeff begins penetrating the sites security systems attempting to find the IP address of the hosts location. Viewing the site still with my eyes locked onto the screen. Using my laptop separate from Jeffs. The monitor goes black, Then a video attempts to load. Buffering now for several minutes. “Any luck Jeff”? I ask. “I'm searching for a weakness in the security firewall. Give me a minute” he responds. Frustrated i say, “We may not have a minute” Using access control, Jeff was able to find and manipulate the users login information bringing down the video before the it began. Believe it or not. One of the weakest points to a website can often times be it's login feature. Jeff found a vulnerability in the source codes software and exploited it. Still haven't found the guy. As that process is much more difficult. For now, we can rest a little bit easier knowing his account is compromised.
The best hack is when you can invade a security system and not ever be noticed. This was not one of those instances. “Who are you” appears on Jeff's computer screen. He responds quickly “The Dark Knight” in bold green text as he looks over the offenders account. Attempting to track down banking information. Recent transactions. Even bitcoin exchange.
Searching over the vast amount of data pouring into the site. Seems they have gone through great lengths to keep themselves hidden from the public. The Identity of the perp is still unknown. Patting Jeff on the shoulder i thank him for saving my eyes from witnessing god only knows what. I suppose for now it's a small victory. “Let's take a break Jeff” I urge. Shutting down our laptops we exit the dark cold room we sat in with monitors, computers, servers and many other electronic components all around us. One thing to remember, heat is the enemy of electronics. and for some strange reason, we enjoy freezing our asses off while hacking.
Walking outside Jeff lights up a cigarette and takes a drag. Putting on his sunglasses “Want one?” He asks “No thanks, they really break my concentration, I don't seem to function well with that in my system” i reply… he scoffs and quietly whispers (amateur) while choking and coughing. I smile and look up “Yeah well at least I can breathe” I say laughing. (A smile forming on ny face) We begin walking to a nearby restaurant. My phone lights up and rings loudly. It's my supervisor. “Go for Barry” I speak confidently. My boss is breathing heavily into the phone and says sternly “What's the News on Captain Death”? I begin to inform him on our progress and our struggles. “Keep me posted Barry, good work.” He says. (Not telling him Jeff did most of the work, i feel bad for taking credit for this one)
Reaching the doors of the bar and grill, I notice a man sitting in the corner of the restaurant with his family. Jumping back quickly while peering around the corner. Jeff gives me a strange look as I inform him that man is a fugitive from an earlier investigation. I call in for back up and sit back in our unmarked unit waiting for the Cavalry to arrive as he is armed and extremely dangerous. 15 minutes pass as back up swarms the parking lot. We exit the vehicle and surround the building. Rushing in 12 men strong, guns drawn we make the arrest. Fortunately, he did not resist. No civilians were harmed on the takedown.This man has been on the run for months moving from state to state. I had previously set up a sting operation to illegally buy stolen guns from the man which had been arranged through the deep web. However , this particular sting was an in-person arms deal. He appeared very spooked and got away from us before the transaction was made. After searching his panel van today we found an entire armory of weapons. A few days pass and we now have a search warrant issued by the judge for his last known address. Confiscating all of his computers, hard drives and weapons. My partner and I found a hidden room below the living room floor boards with $1.4 million dollars in it. It also had passports and other documents. He was ready to flee the country for sure. Why he was out in public is beyond me. Though often times, men like him feel they are untouchable and above the law.
It's several weeks later and work has been slow. (Not sure if that is good or bad) Until today that is, I began chatting on forums and meeting interesting characters in chat rooms. On the clear net and deep web. Today I met a dark shadowy figure online. He claims to have worked with a group of hackers who specializes in debit and credit card theft online. (Playing the part ask in a private chat) “How much does this pay?” Moments pass with no answer. I sit and wait for a response. A message appears with a link and a phone number. “Contact him for a trial run, if you do well. He'll set you up with further work” he writes. (Thinking for a moment, finally an adversary worth hunting) Typing quickly I say “Who is he, do you know him personally”? He responds rapidly and the text box closes after he writes “Rule number one, no names!” Fortunately I was able to copy the link and phone number before my computer screen went completely blank.
Reaching for the burner phone i recently acquired i begin dialing the number provided. It rings several times. No answer. So i check out the link i copied. Right before i click on it. My phone lights up and rings beside me forcing me to jump out of my seat. Startled i look at the cell phone. Mildly confused as it reads 'unknown number’. Quickly i answer the phone. A man on the other end speaks. “How did you find this number”? he asks. I inform him i was searching online for a while. Im new and im looking for work. “I was told you're the man to call if i wanted some action, i need the money” i implore. “Competition is next week, meet at this address, winner gets a spot on my team, if you think you're up for the test, be on time” he demands. I thank him and abruptly hang up.
Jeff comes over to my place. He has some info on low level guys in the fraudulent/stolen debit card scheme. Using an unmarked and totally not suspicious surveillance van. We follow a few men on their day to day operations. For the most part, this portion of our job is the worst. Very daunting and boring. Sitting and waiting isn't exactly glamourous as the movies depict it to be.
From what we can tell so far these men are using credit card skimmers. Victims of credit card skimming are completely blindsided by the theft. They notice fraudulent charges on their accounts or money withdrawn from their accounts, but their credit and debit cards never left their possession. How did the theft happen?
You may be wondering, what exactly is this? Credit card skimming is a type of credit card theft where crooks use a small device to steal credit card information in an otherwise legitimate credit or debit card transaction. When a credit or debit card is swiped through a skimmer, the device captures and stores all the details stored in the card's magnetic stripe. The stripe contains the credit card number and expiration date and the credit card holder's full name. Thieves use the stolen data to make fraudulent charges either online or with a counterfeit credit card.
These men have been using these small devices all over the local area and surrounding states as well. Targeting the nicer areas of town. Attaching the devices to the ATMs. Sitting a short distance away in their cars watching each victim approaching. Laughing all the way to the bank...so to speak. After several days of stake-outs. Out team makes the arrests. Finding blank cards, machines and large sums of cash on hand. After hours of interrogations we learn a much bigger scheme is in the works. The men inform us that they were merely a distraction for a much larger crime. My supervisor gives us clearance to make a deal with them. Lessening their charges if they are willing to cooperate. Speaking with the men for 3 more hours we learn what's really going on. The next few days are extremely tense as our offices try to warn all the banks and even get the media involved.
Calling every bank, big and small we alert them of the situation that cybercriminals are poised to carry out an “ATM cash-out,” an operation that gives thieves access to untold sums of money by bypassing security measures on an ATM. If successful, the operation has the potential to be a heist unlike any we’ve ever seen.
The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation‘.
These unlimited operations compromise financial institutions or payment processors by installing malware that allows hackers to exploit network access, allowing admin-level access. Once inside, they can disable fraud protection, raise maximum ATM withdrawal amounts (and transaction limits) and withdraw large sums of money. Millions, potentially.
All they’ll need to carry out the attack are debit and credit card numbers found on the dark web, and dummy cards, also known as “blanks,” to attach the numbers to.
The cyber criminals typically create fraudulent copies of legitimate cards by sending stolen card data to co-conspirators who imprint the data on reusable magnetic strip cards, such as gift cards purchased at retail stores. At a pre-determined time, the co-conspirators withdraw account funds from ATMs using these cards.
It's nearly a week later and im preparing for my tests. I have my laptop ready in its case. Im extremely nervous.The information given to me is that i am to meet at this very strange building on the outskirts of town. I have no idea what to expect. I must come in first place to become a member of the team and ultimately take down the leader of this cybercrime domestic terrorist.
If things go according to his plan.He could potentially put the entire country on its knees and our banking systems would completely collapse.Chaos and madness will spread like wildfires. Millions of people unable to access their money will riot and destroy stores. Stealing food and everything they can get their hands on. The police will be overrun and unable to do anything about it. The military would most certainly be called in an attempt to regain order. Mass hysteria ensues. To the extremes we have never seen before. I must stop him. Before its too late….
Part 2
The day has come and I just received the call I've long avoided. It is time. The competition for top tier hackers are meeting at this building in which i believed to have been abandoned. We are in the surveillance van. Heading towards our destination. Our equipment is all packed up. Wearing a wire on my chest. (Hopefully they don't pat me down upon entry) Jeff is driving recklessly, as he has a bad habit of being late. Testing the audio in the back of the van. Generally this is done days before an operation. However, we are rather short on time. (Not pointing any fingers)
Leaving the city limits, we now enter a heavily wooded area. There is only one way in. The road is turning into rubble. Small rocks are shooting from our tires .Lights are fading behind us as we venture further into the forest. Jeff now using high beams. We notice it's grown quiet. Other than hearing the tires on the gravel road. There seems to be less and less wildlife in the area. I got this feeling like we are being watched.
Checking my cell phone, we have lost all signal. (Is this a trap)? i thought . Our other equipment seems to work just fine. I can begin to see dim lights in the distance. We must be nearing the competition. “You ready for this?” (Jeff asks while blowing smoke out the window) I start to swat the backdraft of the smoke billowing back into my window. “Yeah, I'm ready, you should really consider cutting back on the smokes.” I utter. Just then, a pack of Marlboros are hurled in my direction. “We're here , Barry. Make sure you have everything.” (Jeff commands) “I'm all set.” I reply.
Jeff stops the Van on the gravel. Exiting the vehicle, i grab my backpack while adjusting my clothes. (I found some glasses with regular lens in them, so as to ‘look the part’) Walking towards the building i speak quietly into my chest microphone. “Test, test chest mic, how do you read me” i ask. (Jeffs growly voice comes into my earpiece) “Loud and clear, good luck” he responds.
One odd thing i notice right away as my feet kick up against the rocks on the ground is that there is only one vehicle other than ours. A large bus. Slightly confused, i look in every direction while also investigating the bus. Seems as though it's empty. (Later i would learn everyone else met up at a different location and they all took the bus to get here).
Reaching the suspicious looking building, i reach for the door handle. As the door opens with little force, loud music hits me as well as bright flashing lights. What the hell? Walking around i find what i was looking for in a back room. “You're late , take your seat.” a well dressed man says (Seeing one empty seat left) Grabbing my laptop from the bag. Booting it up and joining the their local area network. Connection established. A strange software automatically downloads on my laptop.
The man who greeted me walks over to examine my screen. “We will wait until this participant is ready” (he tells everyone else) Minutes pass and the program has finished installing. What's on my screen is a D O D login showing the user name and password empty fields. “Ok everyone, your first task will be to crack the code and gain entry into this system. You have ten minutes to access the servers and find the login information. The first 10 people who accomplish this task will advance to the next round, good luck, your time starts now!” he explained.
A voice come over my earpiece once more .“Ok Barry, i'm linked up with your laptop, i can see everything you see. I will now control everything remotely. How do you read”? Jeff says quietly. “I hear you, I'll let you take over from here.” I reply. My colleague begins typing away like mad. It's been said he can type up to 153 words per minute. Looking at my screen, the computer is changing rapidly, each window appearing with different streams of code. (Almost like what you seen in the movie The Matrix) Which i suppose is a foreign language to most people. It can seem overwhelming at times. Normally. I would be doing this.
Jeff is far better and faster than i. It's not worth the risk. This task is far too important. There is much at stake here. As he continues going in through the firewall. More boxes open and close all over the screen. I appear as if im typing away. As there is a man walking around watching each potential hacker perform their duties. Not sure if it's the leader of this anonymous group. He is in a dark suit and all i can see is the flashes of light from each monitor.
Maybe it's just my paranoia but i feel like he keeps shooting me these awfully suspicious looks. Have to stay focused. Come on Barry. You need this. Concentrate! Keep your head in the game. I can't lose myself in the moment. Oh wait a minute, i just now remembered. I'm not even in control of my machine. Jeff, i sure as hell hope you know what you're doing…
“Barry, you DO know i just heard everything you said, right? Now shut the hell up and let me work. We only have 4 minutes left!!” Jeff urges. “Well then hurry up you lung cancer having prick, I'm dying in here. Must be 90 degrees” i whisper. Just then (Access granted) appears on my screen. The login information has been hacked. Instantly i jump up as if I've just won in BINGO. “I'm in!!!” I yell loudly to the man. He nods and another man comes over to confirm the legitimacy of my claim.
After confirmation is given a few moments later. Myself and several others are ushered to another room not first seen when you enter the building. First we are taken down a flight of unkempt stairs creaking and groaning with every step. Feeling as it could give out at any moment. Our group reaches the bottom of the stairs and are now on a platform. A mechanical whirring is heard as we now are being lowered even further underground. “Where the hell are we going”? One man asks in fear. “Silence fool”!! (Says the man in a nice dark suit) Finally the platform stops as i would approximate we are at least 80 feet underground.
A long dark hallway is before us. Lit dimly by low hanging lights. Which never seem to end as far as we can see. Walking for several minutes i no longer hear my associate in my ear piece. So i remove it quickly before anyone notices. There is a musty smell that has disturbed me immediately coming down here. It grows stronger the closer we get to the direction we are headed. Im last in line only in front of what i assess is a hired goon.
Stopping for a moment im pushed forward on my upper back near my shoulders. (I swear if i wasn't trying to save the world right now, I'd just take out my service pistol and blow this cocksucker away. No one would miss him) We reach a large old wooden door with absolutely no handle or markings of any kind. The leader pushes up against the wall near the door and it opens slowly. Everyone pours in single file line. There is a large wooden table with chairs almost like a conference room. “Take your seats please” the leader addresses. “You're all probably wondering what the hell we are doing down here, well you're here for a job. Also i didn't want any interference of any kind. Just in case the government is watching us. There's no way they could possibly hear what's being said this far underground.” He explains.
“Congratulations to each of you that has moved on to the next round. You 10 have been chosen to advance to the next stage in the competition. This following task will include various stages of difficulty. You will be chosen at random by a computer so it's completely fair. Each of you are to hack into some the world's largest banks and bring down their servers. Please come back to this location. Your names have been taken down and we shall contact you if anything changes. I expect to see all of you back with us .Same time next week. 6 days from now. That is all for now, thank you.”
The leader finishes and leaves the room first. Each man muttering and chatting loudly. I can hear only bits and pieces as everyone is talking loudly. Minutes pass and we are escorted out of the building. Everyone begins walking towards the bus. I veer towards my van and am stopped by the same man who pushed me earlier. “Just where the hell do you think you're going”? He asks. “Oh i didn't get the meet up spot, i had to drive here.” I respond while swatting away his hand from my shoulder. The man reaches in his pocket pulling out a card. “Be at this location and be on time or we will find someone else” the man urges. I snatch the card and stuff it into my wallet.
Reaching the van, i hop in and drive away. “What the hell happened in there”? Jeff demands. I begin informing him of everything that took place and explained the situation. He nods and tells me good work. Wait a minute, this doesn't look right. Jeff looks at me puzzled. Something is off. I don't remember any of this. Now there's a fork in the road. Is this the way we came? I thought i remembered it being only a one way in and one way out. “You went off the gravel road, move over,let me drive.” Jeff says. Hey sorry man, I'm a hacker. Not a tracker. Just get us the hell out of here. I'm more lost than Atlantis.
About an hour passes and Jeff somehow gets us out of the woods and back to the main road. We head back towards my house. But suddenly he makes a detour. “Screw this man. After all that i need a damn drink. You down”? Jeff asks. “Well in the words of my father, If you have time to think, you have time to drink” i utter proudly. (Then again dad was a major alcoholic, so perhaps that's bad advice) “Well alright then” jeff says as he floors the gas pedal.
Roughly 20 minutes later we arrive at his favourite bar where he immediately opens up a tab. I'm worried as I've heard he drinks like a fish. Not to mention we are both armed in a bar. (Yes that's illegal but screw you i am F B I. Remember folks, laws are made to be broken, otherwise, I'd be out of a job)
Crap i think i have lost my colleague. I begin walking around the establishment and am stunned to see this gorgeous blonde woman cross my path. We strike up a conversation and i soon forget about Jeff. (Meh oh well he is a grown man, i am sure he will be fine) She asks what i do for work and of course i lie. Never know when you need to run a background check on someone. Besides telling the whole world you're an undercover FBI agent isn't exactly the best idea. Or so the Bureau instructed us.
We continue chatting for a while and eventually part ways as it began to get late into the night we exchange numbers and she leaves gracefully. I walk outside to see the van still parked in the same spot. A bit puzzled i go over to inspect the van thinking maybe he just passed out in the front seat. I arrive at the driver's side door and open it to find all of our equipment gone and jeff is nowhere to be found. Freaking out i run back into the bar searching all over even behind the bar next to the register.
The bathrooms are empty and it's closing time. I have no idea where he went.. Did he leave with some one or was he was abducted possibly, either way i am completely dead if my supervisor finds out about this. I have to find him and the equipment. And who the hell was that girl, could she have something to do with this? I need answers. Oh no. I just realized, my laptop is also missing. If that information gets in the wrong hands. It could have catastrophic consequences…...
submitted by BeardedVeteran to mrcreeps [link] [comments]

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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

Where can I buy bitcoins?

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

Securing your bitcoins

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

Where can I spend bitcoins?

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

Merchant Resources

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

Can I mine bitcoin?

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

Earning bitcoins

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

Bitcoin Projects

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

Bitcoin Units

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

/r/Bitcoin FAQ - Newcomers please read

Welcome to the /Bitcoin Sticky FAQ

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

Where can I buy bitcoins?

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

Securing your bitcoins

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

Where can I spend bitcoins?

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

Merchant Resources

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

Can I mine bitcoin?

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

Earning bitcoins

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

Bitcoin Projects

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

Bitcoin Units

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

[uncensored-r/Bitcoin] /r/Bitcoin FAQ - Newcomers please read

The following post by BinaryResult is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
reddit: /Bitcoin/comments/6jlop4
The original post's content was as follows:

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
The following videos are a good starting point for understanding how bitcoin works and a little about its long term potential:
For lots of additional video resources check out the videos wiki page or /BitcoinTV.
Key properties of bitcoin
  • Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary.
  • Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
  • Accountable - The public ledger is transparent, all transactions are seen by everyone.
  • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works.
  • Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
  • Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
  • Low fee - Transactions fees can vary between a few cents and a few dollars depending on network demand and how much priority you wish to assign to the transaction. Most wallets calculate the fee automatically but you can view current fees here.
  • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
  • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
  • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
  • Secure - Encrypted cryptographically and can’t be brute forced or confiscated with proper key management such as hardware wallets.
  • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
  • Nearly instant - From a few seconds to a few minutes depending on need for confirmations. After a few confirmations transactions are irreversible.
  • Peer-to-peer - No intermediaries with a cut, no need for trusted third parties.
  • Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply remembering a string of words for wallet recovery.
  • Scalable - Each bitcoin is divisible down to 8 decimals allowing it to grow in value while still accommodating micro-transactions.
  • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat
Some excellent writing on Bitcoin's value proposition and future can be found here. Bitcoin statistics can be found here, here and here. Developer resources can be found here and here. Peer-reviewed research papers can be found here. The number of times Bitcoin was declared dead by the media can be found here. Scaling resources here, and of course the whitepaper that started it all.

Where can I buy bitcoins?

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

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
  • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, there are many software wallet options here. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor or Ledger is recommended. A more advanced option is to secure them yourself using paper wallets generated offline. Some popular mobile and desktop options are listed below and most are cross platform.
Android iOs Desktop
Mycelium BreadWallet Electrum
CoPay AirBitz Armory
  • If you prefer to let third party "Bitcoin banks" manage your coins, try Coinbase or Xapo but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Another interesting use case for physical storage/transfer is the Opendime. Opendime is a small USB stick that allows you to spend Bitcoin by physically passing it along so it's anonymous and tangible like cash.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account, usually from a text message or app, making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy
Android Android
iOS iOS

Where can I spend bitcoins?

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

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
  • 1-3% savings over credit cards or PayPal.
  • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
  • Accept business from a global customer base.
  • Increased privacy.
  • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

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

Earning bitcoins

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

Bitcoin Projects

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

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
millibitcoin mBTC 1,000 per bitcoin SI unit for milli i.e. millilitre (mL) or millimetre (mm)
microbitcoin ?BTC 1,000,000 per bitcoin SI unit for micro i.e microlitre (?L) or micrometre (?m)
bit bit 1,000,000 per bitcoin Colloquial "slang" term for microbitcoin
satoshi sat 100,000,000 per bitcoin Smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $500 for one Bitcoin, a $10 meal would equal:
  • 0.02 BTC
  • 20 mBTC
  • 20,000 bits
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. A complete list of bitcoin related subreddits can be found here
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

The World Wide Web runs on webservers in datacenters. The World Wide Blockchain should also run on "blockservers" in datacenters. The "sweet spot" of Bitcoin scaling, reliability, security & convenience is *nodes in the cloud* + *private keys offline*. The is the future of Bitcoin. Let's embrace it.

Four-Line Summary
(1) Bitcoin nodes (and everyone's public addresses) should be online - in datacenters.
(2) Bitcoin wallets (and your private keys) should be offline - in your pocket.
(3) This architecture provides the optimal combination or "sweet spot" for short-term and long-term Bitcoin scaling, reliability, security & convenience.
(4) The best communications strategy is for us to embrace the approach of "nodes-in-datacenters" a/k/a "blockservers-in-the-cloud" - instead of apologizing for it.
Longer Summary
(1) Bitcoin nodes should be online - on "online public blockservers", ideally running on big, powerful webservers with high connectivity & high-end specs, in datacenters.
(2) Bitcoin private keys should be offline - in "offline private wallets", ideally running on tiny, cheap computers with no connectivity & low-end specs, in your pocket.
https://blockchainbdgpzk.onion/pushtx
(3) We should embrace "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") and "keys-in-your-pocket" as the future of Bitcoin, providing the optimal combination (or "sweet spot") of scaling, reliability, security & convenience.
Details
Bitcoin has been a success for 7 years and is continuing to grow and needs a simple and safe way to scale.
So, now it is time for people to embrace nodes-in-datacenters a/k/a blockservers-in-the-cloud (plus private keys offline - to enable 100% security with "offline signing of transactions") as Bitcoin's future.
Why?
(1) ...because everything on the web actually works this way already - providing the optimal combination of scaling, reliability, security & convenience.
  • You already keep your passwords for websites and webmail on you - usually physically offline (in your head, written on a slip of paper, or maybe in an offline file, etc.)
  • When was the last time you ran a server out of your home to continually spider and index terabytes of data for the entire web?
  • Why should you need to hold 60 GB of data (and growing) when you just want to check the balance of a single Bitcoin address (eg, one of your addresses)?
  • Bitcoin is still very young, and if in order to fulfill its earlier promise about banking the unbanked, microtransactions, DACs (decentralized autonomous corporations), IoT (Internet of Things), smart contracts, etc., then we should hope and expect that the blockchain will someday take up terabytes, not "mere" gigabytes - just like Google's giant search engine index, which they update every few minutes.
  • Do you really think you should be performing this kind of heavy-duty indexing, querying and "serving" on a low-end machine behind a low-end connection in your home, when companies like Google can do it so much better?
  • As long as you physically control your own private keys, who cares if you rely on blockchain.info or blockexplorer.com (or someday: bitcoin.google.com or bitcoin.msn.com or bitcoin.yahoo.com) to lookup up public information about balances and transactions on Bitcoin addresses?
  • They're not going to be able to lie to you. The meaning of "permissionless" and "decentralized" is that anybody can set up a full-node / "blockserver" (plus "blockchain search engines"), and anybody can (and will) immediately report it to the whole world if a website like blockchain.info or blockexplorer.com (or someday: bitcoin.google.com or bitcoin.msn.com or bitcoin.yahoo.com) provides false information - which would seriously damage their business, so they'll never do it.
(2) ...because webservers and webmail don't lie to you, and "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") aren't going to be able to lie to you either - since it would not be in their interest, and they would get caught if they did.
  • When was the last time google.com or or yahoo.com or msn.com (bing.com) lied to you when you performed a search or looked up some news?
  • When was the last time blockchain.info or blockexplorer.com lied to you when you checked the balance at a Bitcoin address?
  • Currently, with billions of websites and news sources ("webservers") running around the world in datacenters, there are "web search engines" (eg, google.com or news.google.com or msn.com or yahoo.com) where you can look up information and news on the World Wide Web. In order to survive, the business model of these "web search engines" is about getting lots of visitors, and providing you with reliable information. It's not in their best interests to lie - so they never do. These sites simply "spider" / "crawl" / "index" the entire massive web out there (every few minutes actually), and then conveniently filter / aggregate / present the results as a free service to you.
  • In the future, when there are 10,000 or 100,000 Bitcoin full-nodes ("blockservers") running around the world in datacenters, there will be "blockchain search engines" (eg, bitcoin.google.com or bitcoin.msn.com or bitcoin.yahoo.com - just like we already have blockchain.info and blockexplorer.com, etc.) where you will be able to lookup transactions and balances on the World Wide Blockchain. In order to survive, their business model will be about getting lots of visitors, and providing you with reliable information. It's not going to be in their best interests to lie - so they never will. These sites will simply "spider" / "crawl" / "index" the entire massive blockchain out there (every few minutes actually), and then conveniently filter / aggregate / present the results as a free service to you.
  • The business model for "blockchain search engines" might eventually showing ads or sponsored content along with the Bitcoin blockchain search functions which we are primarily interested in. This would be quite usable and simple and safe, and similar to how most people already use sites like google.com, yahoo.com, msn.com, etc.
(3) ...because "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") provide simple scaling now.
  • Nodes-in-the-cloud are the only solution which can provide scaling now - using existing, tested software - by simply adjusting - or totally eliminating - the MAXBLOCKSIZE parameter.
  • They can use existing, tested, reliable software: thousands of 2MB+ nodes are already running.
  • About 1,000 Classic nodes have been spun up in AWS ECS datacenters (Amazon Web Services - Elastic Computer Cloud) in the past month. (Uninformed yes-men at r\bitcoin try to spin this as a "bad thing" - but we should embrace it as a "good thing", explicitly espousing the philosophy outlined in this post.)
  • "Nodes-in-datacenters" (ie, "blockservers-in-the-cloud") can be flexibly and easily configured to provide all the scaling needed in terms of:
    • Bandwidth (throughput)
    • Hard drive space (storage)
    • RAM (memory)
    • CPU (processing power)
  • The yes-men and sycophants and authoritarians and know-nothings on the censored subreddit r\bitcoin are forever fantasizing about some Rube Goldberg vaporware with a catchy name "Lightning Network" which doesn't even exist, and which (at best, if it ever does come into existence) would be doomed to be slow, centralized and expensive. LN is a non-thing.
  • Those same people on the censored r\bitcoin forum are desperately trying to interpret the thousands of Classic nodes as a negative thing - and their beloved non-existent Lightning Network as a positive thing. This is the kind of typical down-is-up, black-is-white thinking that always happens in a censorship bubble - because the so-called Lightning Network isn't even a thing - while Classic is a reality.
(4) ...because "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") provide more reliability / availability.
  • 24/7/365 tech support,
  • automatic server reboots,
  • server uptime guarantees,
  • electrical power uptime guarantees.
(5) ...because "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") provide better security.
(6) ...because "nodes-in-datacenters" (ie, "blockservers-in-the-cloud") provide more convenience.
(7) ...because separating "full-node" functionality from "wallet" functionality by implementing "hierarchical deterministic (HD)" wallets is cleaner, safer and more user-friendly.
Armory, BIP 0032 provide "hierarchical deterministic (HD)" wallets.
https://en.bitcoin.it/wiki/BIP_0032
https://en.bitcoin.it/wiki/Deterministic_Wallet
http://www.bitcoinarmory.com/tutorials/armory-advanced-features/offline-wallets/
https://en.bitcoin.it/wiki/How_to_set_up_a_secure_offline_savings_wallet
http://bitcoin.stackexchange.com/questions/16646/offline-wallets-electrum-vs-armory
https://www.youtube.com/watch?v=DQumISxkJsQ
  • "Hierarchical deterministic" wallets are required in order to be able to keep private keys offline, and "offline-sign" transactions. This is because a wallet needs to be "deterministic" in order to be able to generate the same sequence of random private keys in the offline wallet and the online wallet.
  • "Hierarchical deterministic (HD)" wallets are also required in order to allow a user to perform a single, one-time, permanent backup of their wallet - which lasts forever (since a HD wallet already deterministically "knows" the exact sequence of all the private keys which it will generate, now and in the future - unlike the antiquated wallet in Core / Blockstream's insecure, non-user-friendly Bitcoin implementation, which pre-generates keys non-deterministically in batches of 100 - so old backups of Core / Blockstream wallets could actually be missing later-generated private keys, rendering those backups useless).
  • Bitcoin is now over 7 years old, but Core / Blockstream has mysteriously failed to provide this simple, essential feature of HD wallets - while several other Bitcoin implementations have already provided this.
  • This feature is extremely simple, because it is all done entirely offline - not networking, no game theory, no non-deterministic behavior, no concurrency. The "HD wallet" functionality just needs some very basic, standard crypto and random-number libraries to generate a "seed" which determines the entire sequence of all the private keys which the wallet can generate.
  • Newer Bitcoin implementations (unlike Core / Blockstream) have now "modularized" their code, also separating "full-node" functionality from "wallet" functionality at the source code level:
  • in Golang - "btcsuite" from Conformal, providing "btcd" (node) and "btcwallet" (wallet):
  • in Haskell + MySQL/SQLite - "Haskoin":
  • There is also a Bitcoin implementation which provides only a full-node:
  • in Ruby + Postgres - "Toshi" from CoinBase:
  • [Tinfoil] The fact that Core / Blockstream has failed to provide HD and failed to clean up and modularize its messy spaghetti code - and the fact that Armory is now out of business (and both companies received millions of dollars in venture capital, and the lead dev of Armory left because the investors were creating needless obstacles regarding intellectual property rights, licensing, etc.) - these facts are suspicious because suggest that these corporations may be trying to discourage dev-friendliness, user-friendliness, security, convenience, and on-chain scaling.
(8) ...because the only thing most users really want and need is total physical control over their private keys.
  • Most people do not want or need to run a Bitcoin full-node, because:
    • A Bitcon full-node consumes lots of disk space and bandwidth, and can be expensive and complicated to set up, run, maintain, and secure.
    • A Bitcoin full-node requires an extremely high level of hardware and software security - which most computer users have never even attempted.
  • As Armory or Electrum users know, the simplest and safest way to provide 100% guaranteed security is by using "offline storage" or "cold storage" or "air gap".
  • In other words, ideally, you should never even let your private keys touch a device which has (or had) the hardware and/or software to go online - ie: no Wi-Fi, no 3G, and no Ethernet cable.
  • This offline machine is used only to generate private keys (where a Bitcoin private key is literally actually just any truly random number up to around 1078 ) - and also used to "offline-sign" transactions.
  • So it is simplest and safest if your private keys are on an offline machine which never can / did go online - and such as machine can be very cheap, because it really only needs to run some very basic random-number-generator and crypto libraries.
  • It would be simplest and safest for people to own a tiny cheap 100% secure offline computer to use only for:
    • generating / storing Bitcoin private keys
    • signing Bitcoin transactions
    • possibly also for generating / storing other kinds of private keys (other cryptocurrencies, GPG keys, etc.)
Four-Line Summary / Conclusion:
(1) Bitcoin nodes (and everyone's public addresses) should be online - in datacenters.
(2) Bitcoin wallets (and your private keys) should be offline - in your pocket.
(3) This architecture provides the optimal combination or "sweet spot" for short-term and long-term Bitcoin scaling, reliability, security & convenience.
(4) The best communications strategy is for us to embrace the approach of "nodes-in-datacenters" a/k/a "blockservers-in-the-cloud" - instead of apologizing for it.
submitted by ydtm to btc [link] [comments]

Bitcoin Armory Troubleshooting Offline Node - YouTube Receiving Bitcoin - Armory Guide Sweeping Importing Offline Wallet Beginner's guide: Installing Bitcoin Armory on Windows 7

2) Bitcoin Armory. Bitcoin Armory is another old and respected wallet for Bitcoin, that is considered very reliable, as far as desktop wallets go. Like Electrum, it is also available on multiple platforms, which is great for all users. However, one issue with it is that it is not very user-friendly. Armory will always select older coins first, but if you are sending a significant chunk of your wallet balance, Armory may have no choice but to use these “new” coins which require a fee. Without this fee, a user with 1.0 BTC could send it back and forth between two addresses millions of times as a way to spam the network. Python-based fully-featured Bitcoin Wallet Software. Alternatively you can run “sudo make install” after building and it and it will install Armory onto your Ubuntu system, including but shortcuts in your the Applications –> Internet menu. Download Bitcoin Armory - Handle multiple Bitcoin wallets, manage incoming and outgoing payments, as well as backup all your data by relying on this user-friendly and feature-stacked Bitcoin client Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.

[index] [17460] [2269] [10306] [34964] [16463] [2698] [24181] [8794] [16964] [32624]

Bitcoin Armory Troubleshooting Offline Node - YouTube

How to install Armory 0.93 and Bitcoin Core 0.10 on Windows 7, and how to create your first wallet. A guide for beginners. Enable subtitles in the video. If you like the guide, feel free to send a ... Sending Bitcoin - Armory Guide - Duration: 3:23. super3boy ... Global Network 36,996 views. 1:08. How to Download and Verify the Armory Bitcoin Wallet - Duration: 22:31. Rex Kneisley 5,066 ... Bitcoin 101 - Getting Your BTCs out of Your Paper Wallets & Cold Storage - Fun with Sloppy Wallets - Duration: 10:54. CRI 81,557 views Blockchain/Bitcoin for beginners 3: public/private keys, signatures... and first ever transaction - Duration: 36:25. Matt Thomas 21,612 views Watch me walk you through getting your Armory and Bitcoin Core working in sync again. Armory Ver 96.2: https://btcarmory.com/0.96.2-release/ Bitcoin Core V 1...

#