For The First Time EVER - The Nation With The Most Bitcoin Mining Power Is The UNITED STATES!
https://ift.tt/3D7Esb9 Submitted December 01, 2021 at 05:25AM by Negatiesign80 https://ift.tt/3rlQXxB
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Showing posts from November, 2021
Transitory inflation now (officially) declared as REAL inflation
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I just onboarded our elephant sanctuary. We are one of the first sanctuaries in the world to accept crypto donations! Hopefully this sets an example for other charities to follow! Happy Giving Tuesday!
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Daily Discussion, November 30, 2021
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted November 30, 2021 at 10:10AM by rBitcoinMod https://ift.tt/3liDrqE
Do we have any Turks here that are using Bitcoin to protect themselves from inflation?
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/r/Bitcoin will be matching ~12BTC of your BTC donations. Made gains? Pay it forward, double!
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The Bitcoin price has gone up a lot over the past year, so why not prove that the new economy is better than the old one by giving some of your gains to worthy causes? This year, /r/Bitcoin is a sponsor of The Giving Block's #BagSeason event , and the first ~12.155 BTC in donations made on this special page will be matched from the /r/Bitcoin ad fund. You can donate to any of the hundreds of charities supported by The Giving Block, and /r/Bitcoin will match it. (There are also significant tax benefits to donating crypto .) Let's change the world for the better! Donate here . Make sure that you donate on that specific page, or your donation won't be matched. Whether or not you donate, let us know in the comments which charities supported by The Giving Block you think are the best. About the ad fund In 2010-2011, the previous top mod of /r/Bitcoin collected BTC donations with a vague idea that this BTC would be used to promote /r/Bitcoin and/or Bitcoin itself usi
Michael Saylor on buying the next dog coin vs hodling BTC
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I have found my tribe
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I know, dopamine, hopium… wait until the bear market! I lived the bear market. Lived through three actually. I got involved in 2011. I’ve seen the way our tribe has grown, and I’ve seen the way sentiment has shifted towards the shitcoin casino. But in this subreddit, I feel ratified. After 12 years, here we are, still strong, the majority espousing the original ethos. I couldn’t be prouder. We have a country behind us, soon to be countries. We have writers and philosophers. We have presidents, we have CEOs, we have economists. Hell, we even have city planners. I just want to share this feeling. We have created a movement. In the face of hurricane headwinds, we persevere. Because Bitcoin is antifragile, because Satoshi saw what we all see now. I will die on this hill brothers and sisters. I’m here til the end. And what a glorious end, I truly believe, we will have. Submitted November 30, 2021 at 05:04PM by vvillehelm https://ift.tt/3Dc6i65
After a year and a half of scrimping and saving and dca’ing I am finally have 1 bitcoin
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Bitcoin is life saving. (Specially for someone from a third world country)
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Bitcoin might seem useless to a lot of people, but for someone from a third world country, bitcoin is life saving and it is much more valuable than the energy it uses. For us all the options to save our money is very bad, Here is the most common ways to save/invest your money and why they are bad: 1- Saving in national currency in banks (national currency loses a great amount of their value yearly and banks can run out of money or national currency loses all its values). 2- Saving in dollars in banks (Banks can go bankrupt or deny you from withdrawing your money, or even force you to withdraw your money in national currency like what happened in Lebanon and lose 50% of their values, or can simply tell you there is not enough dollars to withdraw) Lebanese banks dollar withdrawal rate at 3,000 pounds, half official peg . New lira withdrawal restrictions create a cash crunch for depositors as banks blame BDL . 3- Saving in gold/dollar/national currency at home (you can easily get r
Classroom in 🇸🇰 learning Bitcoin. Meanwhile in the 🇺🇸...
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Microstrategy has purchased the equivalent of 28% of all Bitcoin created since they started buying
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Microstrategy has purchased the equivalent of 28% of all Bitcoin created since their initial purchase in August 2020. This is insane. Literally, 3 other companies take a similar approach, and there will be no supply available outside corporate purchases. What happens when company #2 starts making these types of purchases publicly like Saylor? Submitted November 30, 2021 at 08:36AM by foxyjim99 https://ift.tt/3rpRte3
Wyoming Aiming For 5% Of The U.S. Bitcoin Mining Hashrate By Next Halvening
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Accepting Bitcoin payments at your store, bar or restaurant with bitrequest.io
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Bitcoin spends as much on electricity as Americans spend on Halloween costumes.
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Bitcoin could be exempt from capital gains tax in the UK because it is now legal tender in El Salvador.
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My friend who considered Bitcoin “too risky” just lost 50% of his net worth because of a bad divorce without a prenup.
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Jack Dorsey to fully focus on Bitcoin after announcing Twitter departure
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Bitcoin: Tech company buys $400 million in crypto as price dramatically recovers
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I'm from El Salvador...UPDATE 5
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Hi, it’s time for another update! At this point in time the hype is fading away and things are settling down. For starters, the chivo app still have problems doing transactions (tx) to external wallets like muun or coinomi. Tx between chivo wallets are fine, although they use a btc L1 QR code, the transactions are instant and without any issue, so it’s logic to assume chivo doesn’t use the btc blockchain at all. I personally think chivo app is becoming something similar to a bank app, you can send and receive money, it has 0 fees between the same app, you contact customer support for any issues, and it’s a pain in the ass to make transaction to other banks (external wallets)… Many of you might say this is just the beginning and that things will change…and you’re probably right, I also hope the development of btc as currency take a step forward. Moreover, I imagine what many of you are thinking, why do you need to use chivo? Just use another wallet. Yes, I can use other LN wallet
Bitcoin CEO responds to the Fed with brazen cartoon
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MicroStrategy Buys The Dip, Shows Weak-Handed Wall Street How Whales Eat, Purchases 7002 Additional Bitcoins
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Bitcoin Advocate Jack Dorsey Steps Down as Twitter CEO
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Deflation is a good thing
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How the hell have we all been lied to and convinced that steadily rising prices would ever be a benefit to an economy? Isn't the whole point of technological and societal advancement to make things cheaper? Just like in technology, shouldn't we be rooting for a deflation in prices of healthcare, housing, and food? Submitted November 29, 2021 at 09:01AM by ZForce89 https://ift.tt/3D6zlbb
Ponzi scheme - Watch out - Indians in the action
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Bitcoin in EGYPT is banned and Haram
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As we all know crypto is bad for government's .The government in Egypt control religion so they banned it and made it Haram EDIT: Guys stop down voting I'm not hating on Islam I'm hating on the government Wich uses Islam to control the masses Submitted November 29, 2021 at 06:08PM by PretendJackfruit9113 https://ift.tt/3o1at0d
CNBC: "Bitcoin Has Entered Bear Market" <-- LOL
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What if we're wrong?
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Hypothetically, if Bitcoin drops to zero I would smile and go on about my life. Why? It's quite simple really. Before going down the rabbit hole, I never realized how f*cked up the system really is. Bitcoin's value, for me, is no longer monetary. It's value rests on all the knowledge I've acquired, which is priceless. The governments can ban bitcoin all they want. They can take from us what they wish but they will never be able to take what we've learned. This statement goes beyond bitcoin and it's been a good way for me to maintain my serenity through the ups and downs of this market. Best of wishes to you all and keep on HODLing. Submitted November 29, 2021 at 06:34AM by Evening-Main-5860 https://ift.tt/3p5RbWV
Open letter to all tourism based economies looking to revive their economy.
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Maldives, Carribean Islands, Macao, Seychelles, Fiji, Thailand, Dubai. These are just some of the economies that have been hit hardest by border closures. At the same time many regular people around the world have lost jobs and if they managed to keep their job inflation is currently erroding the amount of money they have available to spend on tourism. Bitcoin and crypto holders however have seen their networth increase 15x (1,500%) since March 2020. Because of this bitcoin holders have become a desired tourism cohort that countries want to attract because they have money to spend. Bitcoiners love travel but they dislike banks. Therefore the only thing countries need to do to attract bitcoiners to their shore is to make it easy for them to travel without needing a bank or bank card. Bitcoiners want to be able to travel to a destination with nothing but a crypto wallet, they do not want to rely on any form of bank or bank card. In cash based societies like Thailand this can be ea
If you believe "it's not a loss until you sell" you also have to believe "it's not a gain until you sell"
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Just saying. Every time the price is down or someone posts that they are underwater in their btc investment, people always say "iT's NoT a LoSs UnTiL yOu SeLl." If you actually believe that an unrealized loss isn't a loss then you have to believe that an unrealized gain isn't a gain either. Submitted November 29, 2021 at 07:03AM by LV426acheron https://ift.tt/3xwOlhy
Why does the 5 year bitcoin chart look so similar to the 50 year gold chart?
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Here is btc from 2016-2021 and Gold from 1970-2021 I’m a bozo and I really don’t know what to make of this, tbh probably just a visual correlation. But I think its pretty cool. https://preview.redd.it/znmxunbuoe281.png?width=942&format=png&auto=webp&s=97c4805c8f89c067289c7ed8b706a985bcd0c17a Submitted November 29, 2021 at 02:41AM by Ok-Boat-2008 https://ift.tt/3xEZey0
Classroom in Slovakia learning the basics of Bitcoin
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Thailand Lays Groundwork for Crypto Tourism to Revive Industry
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Chinese ignore government restrictions and are using crypto to send money to Japan
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Turkish Lira Collapses Under Erdogan’s Rule: Can Bitcoin Be a Lifeboat for Locals?
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Some Amazing Jeff Booth Clips From His Talk on Technology Deflation Driving Monetary Inflation & Bitcoin - Nov 3 2021
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Young Lebanese driving crypto 'revolution' after banks go bust
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Turkey Makes the Case for Bitcoin as Erdogan Runs the Autocrat’s Inflation Playbook
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I am thinking about putting my saving into BitCoin during this dip
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I don't want to be specific, but I have four digits worth of FIAT that I'm saving for UNI. This money is in my bank doing nothing. Considering that BitCoin has high chances of being more valuable in the future, instead of having my saving be eaten by inflation wouldn't better to put it into my exchange and let it grow in value? The only problem is that I'm a bit anxious about the idea, I don't want mom to be disappointed in me. :( PS.: What I would to have this one's courage! Submitted November 28, 2021 at 02:49PM by PontificeMaximos https://ift.tt/3rhEvza
Bitcoin total Supply estimated to shrink upto 10-12 Million in 10 Years just due to people losing their crypto Wallets,sending crypto to wrong addresses , losing seed phrase, etc.What's the best way to way to avoid this? Looking for an updated guide "How to Store your Bitcoin assets the safest way?"
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We’ve all lost money. It’s a hard pill to swallow. And we know there is absolutely no way of getting our money back. However, with Bitcoin or crypto, it’s so much worse because you know the money is there, but completely irretrievable because you’ve forgotten a simple password. Ouch!! Programmer, Stefan Thomas has been locked out of his Bitcoin wallet. Thomas had 7,002 bitcoins stored on a secure hard drive and he can’t access them because he forgot the password. The value of the inaccessible Bitcoin is said to be around $220 million. The coins were stored safely with an IronKey device that gives you 10 chances to enter your password correctly. Thomas had tried several times, with no luck and the last update in January 2021, was that he had 2 attempts left. He’s made peace with the potential loss, but we’re not sure we have. It’s a shame there is no prompting question, like what is the name of your first pet? Or what was your favourite toy as a child? We all Heard "Not your k
Salvador's Bitcoin Fund bought an additional 100 BTC
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Given the new investment, there are 1220 BTC on the balance sheet of the state fund (about $ 67.3 million at the rate at the time of writing). “100 additional coins were bought at a discount,” wrote Bukele. https://preview.redd.it/ygbdj25548281.jpg?width=700&format=pjpg&auto=webp&s=0752b9c04a3ff0226cd455121e1a2f5a49add2bb Submitted November 28, 2021 at 04:34AM by mirmirov1984 https://ift.tt/3xCSVek
Is .035xxxxx bitcoin honestly worth holding right now?
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I bought in a small amount last year before this insane bull run, definitely kicking myself wishing i wouldve bought more, had life get in the way so i was absent from buying dor a few months but have started to DCA, it just feels like ill never catch up to owning even .1 Bitcoin. Im debating on selling and trying to play some options so i can use those gains to buy back in with more buying power. Risky i know. Stupid? Probably. Should i play it safe and just hold while slowing buying more instead? Submitted November 28, 2021 at 08:18AM by bray799 https://ift.tt/3lfKSiu
Those with tens of thousands in bitcoin. How are you storing your seedphrase?
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I'm going to have a Trezor and store my seedphrase in a safe deposit box at my bank. How are you guys doing it? I also have seen YouTube videos of people with 200k+ in bitcoin just stored on blockfi or a similar sight earning interest. I'm not sure what to do at this point. Submitted November 28, 2021 at 02:58AM by [deleted] https://ift.tt/3p6jSmD
I've orange-pilled my colleague 6 months ago into buying $40k worth of Bitcoin. She called me crying for 10 minutes straight for losing her seeds although she still has access to her hardware wallet.
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She was going to throw the device away thinking it was useless without the seeds. We got the funds, re-created another seed for her. You can imagine how she feels now. My mistake was over-emphasizing how important her seeds were, without properly explaining what hardware wallets are for. We're still early guys. Submitted November 28, 2021 at 02:04PM by Leader92 https://ift.tt/3cSdjyx
Found someone's wallet and did the best thing with the outcome.
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So I was sitting on the porcelain throne at work doing my business when I noticed someone's wallet sitting next to me. Good noodle me I decide to find the owner of it and return it. I managed to find him and I could clearly tell how grateful he was that I found it. Well fast forward 2 hours and he walks up to me and hands all the cash inside and I told him "not to worry about it."I initially refused but he insisted and continued to walk back to his area. I decided to take that money and bought $116 worth of bitcoin. That little bit helped me breach into the 1%er of a bitcoin. Thanks Ricky for helping me especially with this black Friday sale going on. Submitted November 27, 2021 at 11:10PM by just-the-guy https://ift.tt/316KUlV
Kazakhstan plans to build nuclear power plant to mine cryptocurrencies and Russia will help
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Support Your Local Cantillonaire, Donate to the Printon Foundation Today!
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Others will get Bitcoin... when it's too late
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The other day I happen to mention to my manager that I was in to Bitcoin, his reply was 'Bitcoin is the biggest ponzi scheme ever and I won't be touching it, people must be stupid to buy it.' I just smiled and stayed silent, no need to try and change his mind, I'll look forward to when Bitcoin is $1 Million, quit my job and enjoy watching the sorry look on his face 😁 See ya! Submitted November 28, 2021 at 01:07AM by No-Energy4550 https://ift.tt/318tO6H
When are they going to add a Bitcoin symbol to the keyboard?
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When they finally add the Bitcoin symbol to the keyboard, you know we've made it!!! The question is, where to put the key? Just replace the $ as the shift+4 key? Or make a whole new key for it? It's gotta go somewhere, what do you guys think. Submitted November 27, 2021 at 07:36PM by RonPaulWasR1ght https://ift.tt/3nYqKmK
How would you respond to someone that says Bitcoin isn't real, it is iust an abstract idea that exists only because some people believe it has value?
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I think it's time to remind Hilary clinton just how oblivious she is to the words coming out of her own mouth. Article from 1992 about her husband's administration leading to the 2008 financial crisis inside + a short manifesto.
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Forenote: I identify as a lefty as I believe in improving society as a whole, but Hilary was just absolutely clueless in her remarks about cryptocurrency. https://youtu.be/CpryzusXnHM?t=179 - 2:59 for the time stamp... https://www.youtube.com/watch?v=NXqUQq7z2YY - her echoing similar "Cryptocurrencies may destabilize the dollar." hmmm... is that so? https://www.latimes.com/archives/la-xpm-1992-12-27-op-4906-story.html - this is the story where her husband's administration enabled banks to give out predatory bank loans that eventually became the entire plot behind the film The Big Short. This, in turn, led to an entirely necessary initial bail-out package from the U.S. Government, and then a series of quantitative easing that I think would have come regardless of red or blue parties holding the white house and the senate. Hilary: Your husband enabled destabilization of the dollar! The dollar itself will continue to destabilize! Do not be so oblivious! Please lear
PlanB acknowledged its first mistake on BTC
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PlanB's popular cryptanalyst recognized his “first miss” because bitcoin in November never reached its target of $ 98,000. A popular analyst known in the cryptocommunication community as PlanB predicted that in late November, the Bitcoin (BTC) would reach $ 98,000. Now he admitted that this could become his "first miss.". https://preview.redd.it/o3924ghf11281.png?width=1005&format=png&auto=webp&s=18fb08bb066221b40370a79d1b98012fc6d9327b Submitted November 27, 2021 at 04:46AM by mirmirov1984 https://ift.tt/3nYgZ8h
Central Bankers want a CBDC so they can control your life.
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If you're worried about the price too much today, watch this. Bitcoin is about to fly! HODL
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Countries with confirmed double digit inflation, representing more than 1 billion of people - this is why the world needs Bitcoin! Credit: @SDWouters
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Buy Bitcoin, it is the new gold, says Mexican billionaire Ricardo Salinas Pliego
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The fraud continues - Craig Wright just purposely stole Bitcons from Kleiman and submitted a provably fake email into evidence in the Kleiman-Wright case
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Craig Wright's fraud continues. Yesterday, he submitted into evidence an email he says was from Dave Kleiman to Uyen Nguyen asking her to be a director of his 'bitcoin company' in late 2012 . It is provably fake. Craig didn't realize that the email's PGP signature includes a signing timestamp along with the ID of the key used as metadata. Was the email actually sent in 2012 ? Let's find out! The beginning of the signature is as follows: iQEcBAEBAgAGBQJTH+uQAAoJELiFsXrEW+0bCacH/3K Converted to hex, it's: 89 01 1c 04 01 01 02 00 06 05 02 53 1f eb 90 00 0a 09 10 b8 85 b1 7a c4 5b ed 1b 09 a7 07 ff 72 We know how to find the long ID of the key used and the timestamp of the signature. I've bolded the ID and italicized the timestamp. Looking on the MIT keyserver, we can find the fake* key . The timestamp of the signature is 1394600848, which is March 12, 2014, two weeks before Craig filed to install Uyen as a director of Dave's old company, and
My sister told me that bitcoin was money laundering.What should i do?
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I recently ordered a raspberry pi 3 b+ to make a bitcoin full node and when i told my sister she said that i was ocer opsessed and brainwashed.She said that i was too addicted and that i look like a junkie while analyzing charts.Im only 14,,but i strongly believe that bitcoin is the future of money and i want to be a part of it,not for the money but for the technology.I invested like $200 and now i have about $50 of profit so now i cureently have $250.She told me that it was only worth investing in it 10 years ago and that its too late now and she said that soon all crypto will crash and fail. EDIT:Omg i didnt think i would get so much support instantly.Thank you guys!!! Submitted November 27, 2021 at 02:04AM by CelebrationFeisty950 https://ift.tt/3cQ6xsP
Mexico’s Third Richest Person: Buy Bitcoin Right Now
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New covid Zimbabwe Variant will cause hyperinflation in USA and every country.
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No country can stop printing endless amounts of money until covid is over. USA was just starting its taper and now will have to U-turn to print even more money. Except more rounds of stimulus and more supply chains disruptions. Wagies are gonna quit due to wages becoming even more worthless as hyperinflation kicks in. The price wage spiral has already started and things are about to start speeding up. Get to the Bitcoin lifeboats Submitted November 26, 2021 at 06:05PM by hyperinflationUSA https://ift.tt/3nStrWP
Still young, and could only afford $1000 but I finally took advantage of the dip and bought in!
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My bank isn't letting me invest in crypto
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Title says it all, to name and shame its HSBC, won't even let me put £20 in a week.. haha what a joke. Im jn the UK, does anybody know a good bank that will let me invest in crypto? Ofcourse they had to stop me RIGHT AT A 10% SALE lol, so frustrating, any help will be appreciated as I am closing my account with them :) Submitted November 26, 2021 at 04:19PM by Expensive_Coyote6301 https://ift.tt/3pkUvxN
Hillary Clinton spreading FUD on crypto... can someone explain it to her how it works?
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Singapore approves Bitcoin fund that trades physical BTC
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Nayib Bukele El salvador's president announces his new plan for "Bitcoin City" including buying $500 million worth of crypto.
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When an asset drops 10% in a matter of minutes, here's what happened:
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Step 1: Corporations with large amounts of money borrow thousands of BTC. Step 2: They take the BTC and dump it on the market. This blows through buy walls and causes leverage traders to be liquidated. Step 3: Fear and panic spread through the market. Shills and salty traders alike will flood social media with FUD. The price further dips. Step 4: The hedge funds close the loop: they buy back the BTC they borrowed, pay back their lenders, and generate a profit. They can do this because they have capital that you and I do not have. And they do it over and over. Don't fall for their tricks. Just hodl. Or better, buy whenever you see a -10% price dip. You can be assured that this was NOT a bunch of ordinary individuals, who happen to take profits at the same time. Bitcoin is truth. Submitted November 26, 2021 at 10:50PM by nonce--sense https://ift.tt/3DVOuxt
Daily Discussion, November 26, 2021
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted November 26, 2021 at 10:03AM by rBitcoinMod https://ift.tt/3CQ5Nyx
Cryptocurrency capital gains is unrealistic and countries that impose it are slowly destroying their own economies.
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If you owe CGT you should report and pay it.. The problem is not the fact you owe money as most people are willing to pay what they owe (most people) just so they can sleep better at night. However the problem with CGT in crypto is that it's near impossible to track and report and calculate meaning even when you are trying to do the right thing you are likely to still be on the wrong side of the law. From forks to defi to staking to gas fees to farming yield to DAOs to streaming money etc etc its impossible to calculate record and report CGT events on every single action and transaction made within the crypto space. Crypto is an asset class where you can unknowingly have 20 CGT events in a single day that all require record keeping and reporting on your taxes. In other words CGT within crypto makes otherwise hard working innocent law abiding citizens tax frauds by default. The only answer is to set up your life so you do not owe CGT. If you are from or live in a country that ha
Bitcoin Processed 62% More Transactions Than PayPal in 2021
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Bitcoin is showing more signs of adoption and growth as the cryptocurrency processed 62% more transactions in terms of dollar value than PayPal in 2021. The new information comes as critics continue to discuss the viability of bitcoin for a global level of payments. The data was revealed by Blockdata, which published a report on Nov 23 comparing bitcoin with payment Mastercard and Visa. Blockdata primarily focused the report on whether bitcoin could compete with the two payment networks, to which it concluded in the affirmative, but with the caveat that it would take time. In 2021, the Bitcoin network processed about $489 billion per quarter. PayPal processed $302 billion per quarter, while Mastercard and Visa were significantly ahead at $1.8 trillion and $3.2 trillion per quarter. Submitted November 25, 2021 at 09:37PM by Nasty_slutX https://ift.tt/3DUkFNR
Tongan MP plans bill to make bitcoin legal tender
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How to put bitcoin in your will, so your loved ones can inherit it?
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What's the worst thing the US government can do against bitcoin?
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Serious, theoretical discussion. I'm not claiming to be an expert on bitcoin, but just want to hear some thoughts. Let's say bitcoin is a big threat to the dollar's status as a reserve currency, what is the worst case realistic scenario? Let's not discuss "US government waltzes into your homes and takes your hardware wallet" because that's not a realistic scenario. If we reach that point, we have much bigger problems. From what I can see, they've already done the worst and it's set capital gains against purchases by bitcoins. No one in the US wants to pay capital gains every time you buy something, most people don't want to fight the federal government believe it or not. This is fine with me, because it still allows bitcoin to be an asset class. With how many billionaires, institutions, giant companies, jobs now revolve around bitcoin and crypto, could anything else harmful really be done? I doubt very much anyone in the US govt would want t
How do large corporations protect their coins? What’s to stop an employee of Tesla say, transferring a billion to their own wallet?
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An awesome visualization - https://ift.tt/3HNsN57
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Is Bitcoin the best financial asset in existence?
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Personally, I believe that Bitcoin is (as of now) the best financial asset currently in existence. First, this is simply because it is a cryptocurrency and is therefore not controlled by a central authority, meaning that it is less susceptible to manipulation than traditional asset classes. Second, it is the best among cryptocurrencies because it has a high value per coin and generally tends to be less volatile than other cryptocurrencies, both of which make it a strong store of value. What do you think? Submitted November 25, 2021 at 09:39PM by Zeltarex3301 https://ift.tt/3xmbzXD
Morgan Stanley Adds More Grayscale Bitcoin Shares Despite Heavy Discount
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Pokemon Go Developers Niantic Partners With Fold to Launch 'Real World Metaverse' With Bitcoin Rewards
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Do i really need a hardware wallet?
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coinbase seems to work fine, "not your keys not your bitcoin" but I trust coinbase more than I trust myself not to lose a hardware wallet in 10 or so years EDIT: Wow, this, um, attracted a lot of thoughts. Thanks for the constructive discussion - interesting to see everyone's opinions, seems to be a lot of people who don't trust exchanges, and that makes sense, but a history of losing valuable stuff leaves me with my original post. Submitted November 25, 2021 at 05:32PM by YoyDunGoofd https://ift.tt/3CUOyfs
Volcano 🌋 Bonds
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Bitcoin City is the proposed micro Dubai of El Salvador. As a citizen of this place, you will enjoy: Zero payroll taxes Zero capital gains taxes Zero real estate taxes Zero electric or heating bills as the volcano's geothermal will make the city a zero carbon metropolis 10% VAT (value added tax, like sales taxes) The bonds will be issued on Liquid Network (a bitcoin sidechain) for $1B. The smallest increment you can buy is $100, and requires you stake (tie-up) your bitcoin for 5 years. El Salvador will use $500M of that to buy bitcoin, and to buy mining equipment. The other $500M will be for city and volcano [geothermal] energy infrastructure. The bond coupon (interest rate) is 6.5% APY After 5 years, a special dividend will be awarded as they slowly begin liquidating their BTC. They plan on servicing the bond coupon (paying the interest rate to bond holders) with: 50% of the VAT Profits made from mining An appreciation of bitcoin's price The risk/reward here
Bitcoin's Whales Holding 100 to 10k BTC Have Accumulated 57k BTC to Their Bags in the Past Week
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The third-largest Bitcoin whale bought 6,665 bitcoins, worth $375 million in bitcoins in less than two weeks.
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I let an AI paint what it thinks of Bitcoin. These are the best two results.
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Bitcoin City and Volcano Bond! Brilliant and comprehensive presentation by President Bukele.
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From the new South Park episode tonight that takes place in 2040
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Turkish Citizens look to Adoption of Bitcoin in Response to Violent Decline of National Currency
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The Bitcoin Network Has Handled More Volume Than PayPal in 2021
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Saylor: "Bitcoin Will 100 X From Here" ( $5,000,000 Bitcoin )
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For those of you who are going to HODL until you die, do you at least use your crypto assets for something useful, such as borrowing against it or lending some out with interest?
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I've been buying since 2017 and have mostly HODL'ed, cashing out a couple tiny amounts, but putting most of it back. I've been offered the opportunity to borrow against it from my exchange but declined. I looked into lending but heard borrowers can and do default, and figured borrowers who borrow bitcoin likely do so because they get turned down from banks, and so I decided to not risk it. So I mostly just sit on it. What do you do? Submitted November 24, 2021 at 07:56PM by deepspace8 https://ift.tt/3FHYPNZ
Bitcoin Will Reach $500K In Five Years As A Result Of Institutional Purchases, Says Cathie Wood
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Why Bitcoin Gambling Is The Future Of Online Casinos
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India HAS NO PLANS to BAN Bitcoin as an asset class. Only as payment method (protect their CBDC)
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This tweet really made me think, and then realize, Bitcoin is the first thing we can own.
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Sweden wants to ban Bitcoin mining to hit the 1.5C Paris climate goal, say Swedish regulators
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Fiat is an environmental disaster. Bitcoin fixes this
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Paid my hairdresser a tip in BTC like I sent him Satoshis from my wallet to his. Made me realize the defi economy is really real and here now.
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Brilliant explanation of why Bitcoin Bonds are a great idea.
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Morons in r/Technology and r/Futurology at it again
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It is again very frustrating to see reddit's uneducated masses in r/technology and r/Futurology bash Bitcoin for a non-existing problem, claiming unhealty energy consumption. When in doubt, please remember that Bitcoin has great potential to promote green energy through making waste energy from e.g. solar usable and thus promoting the build up of green infrastructure. Bitcoin is good for our path to reduce CO2 emissions (and already consumes mostly green energy). No need even into comparing it to e.g. Christmas lights, who consume roughly the same energy or vs. the banking sector or virtually (almost) any other established industry consuming more. Valuable source here: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf Submitted November 24, 2021 at 04:49PM by Golo_red https://ift.tt/3nPfLfa
How I almost lost all my savings.
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I will clarify that I am from a shithole third world country (sorry for my English) and I keep all my savings in cryptocurrency in BTC. I had 1 whole BTC (welcome to my DM, scammers). This is a lot of money for me, with my salary of $720/month. I have always believed that I am quite tech-savvy and have computer skills above the regular user. I was especially interested in security. I loved to climb in the settings, turn on all the security options EVERYWHERE, on the PC and phone - in all programs and applications. My computer was no exception, which at first was my working PC and then migrated to the basement, got a couple of cards and began to mine ETH. It all started that I downloaded a new version of the miner from a phishing site that was in the top in Google at my request. The miner mined as it should, but on the first launch, he injected an exploit into my PC (Windows 10) that gave an attacker access to Googgle Remote Desktop. And this is access to everything. This alone gav
If you live in Turkey, Bitcoin just keeps making new all time highs. Also on the chart is GOLDs performance relative to the lira.
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REMINDER: Put your Face ID ON for google Authenticator.
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I didn’t even know it was an option until reading the story about the guy who had his phone stolen while it was open/unlocked. He got drained of 85k because the perps had his accounts and 2FA. FaceID or pin could have prevented this. https://reddit.com/r/Bitcoin/comments/r0inwo/85k_worth_of_crypto_stolen_in_peru_a_cautionary/ bc1qmwq6uqnskm8dqgjrmfu7kau5zjd6aquj6049sp8y0cz2rc7g0sqsyzlfwj :) Submitted November 24, 2021 at 07:32AM by Miltonwh https://ift.tt/3l0IhsM
IMF urges El Salvador against using bitcoin "for their own good"
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Dollar Tree hikes prices 25%. Most items will cost $1.25
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Would you invest 20% of your fortune on bitcoins?
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I'm 23, I'm from Brazil and I have 30k dollars on my bank account. I'm thinking about invest 20% of it (about to 6k dollars) on bitcoins, I hope it can reach 200k dollars or more (1kk dol) in future, but at the same time I'm so afraid of losing all of this money. Idk what to do, I'm so convicted to do it, but i'm so unlucky. :p What you guys would do? Sorry for my grammar mistakes. Submitted November 24, 2021 at 01:20AM by imyourkingg https://ift.tt/3DLlY1y
$85k worth of crypto stolen in Peru - A cautionary tale
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I'm not trying to make this a sad story, but I felt it was worth sharing for the larger crypto community to be aware of, and perhaps some words of advice as to what to do from here. I'll keep the story as short as I can. I was recently in Peru for a few weeks traveling around on vacation. It was an amazing 2.5 weeks until the last 2 days. On Thursday, Nov 11th I decided to spend the last couple days of my trip exploring Miraflores district in Lima, Peru. Upon landing at the airport I got a taxi cab from the airport kiosk and started making my way to Miraflores. No more than 2 miles from the airport, in bumper-to-bumper traffic, I was on my iPhone (looking up restaurants in the area - Lima is a foodie paradise) with the window rolled down when all of the sudden ... snatch. Someone walked up behind me in traffic and stole my iPhone right out of my hands through the window. This is when the nightmare scenario begins. I was initially annoyed just due to the fact my iPhone was st
My entire wealth is on bitcoin, am I doing it wrong ?
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I dont get why more people dont do this. I dont have savings account, no emergency fund. All my savings is in bitcoin, bitcoin is my savings account yet i see most people allocate 10-20% of their money to bitcoin. I dont do stocks, no real estate too. I am 100% in bitcoin, am I being dumb ? Submitted November 23, 2021 at 07:55PM by Radiant-Wishbone8610 https://ift.tt/3oObiZE
Bitcoin Is The Single Best Shot At Achieving Liberty In Our Lifetime
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Escaping the echo chamber - arguments against crypto
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I'm new to researching crypto and have just realised I'm in an echo chamber. What are the main arguments against crypto? How valid are they? I've heard about the possibility that governments become hostile towards Bitcoin as they begin to realise how fundamentally flawed fiat is, and how Bitcoin is the most promising solution/replacement to the current system. Perhaps they will destroy where mining takes place, which supports the utility of the proof-of-stake system. On the other hand, the US recently declared that they wouldn't enforce any bans. Also, what about governments creating their own digital currencies? I came across the 'Britcoin' project but haven't researched it yet. I won't go into quantum computing because I know it's mentioned a lot here! So, what are the current threats and how concerned should crypto investors be? Submitted November 23, 2021 at 05:57PM by Nice_Plant_7513 https://ift.tt/3FKuA9h
U.S. official says El Salvador relations 'paused' for lack of interest
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Withdraw BTC from exchange to Ledger without trace
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How can one withdraw BTC from exchange like binance to Ledger but without leaving a trace, something like withdrawing to an intermediate dex and then finally to ledger. Any suggestions? Update: People are curious why i need that. I am concerned about big exchanges particularly binance. I legally bought btc there, if i withdraw to my wallet they'll get to know my existing balance there. Since nearly everyone has or had a binance account so basically they can make a trace to all of your holidings. In recent past binance helped to recover stolen/fraudulent cryptos (one side it's a good thing), how they did that? Coz they have nearly everyone's data! that concerns me. Submitted November 23, 2021 at 03:31PM by freefireclashsquad https://ift.tt/3CJxpW9
Number of Bitcoin Articles Growing Yearly by 90%
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El Salvador Dollar-Denominated Bonds Crash as Country Launches Bitcoin Alternative
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Your Fingerprint Can Be Hacked For $5. Here’s How. - Kraken Blog
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Wow, first time I see a positive Bitcoin post on top of r/sports. This is a good sign. I hope one day the same happens on r/technology, where only the negative Bitcoin posts make it to the top. (NP link).
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Fund Managers Are Increasingly Preferring Bitcoin Over Gold, Claiming That It Is A Better Store Of Value.
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Banks Money Laundering for Drug Cartels & Governments. JP Morgan, HSBC... No BTC being used? 🤔
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Have people gotten away from Satoshi Nakamoto's vision?
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I reread Satoshi Nakamoto's whitepaper from time to time. Please check me if I am wrong but based on what I read, I feel like bitcoin's intention was not to replace the dollar or base the price off of the dollar. Most of the posts I see here or anywhere is about seeing if it will reach a certain fiat dollar value. And it shouldn't be that way. Am I wrong in this thinking? Should I continue to say to myself "btc will reach hit 100k", When in reality its intention was to facilitate a medium of exchange without the need for a central authority? If bitcoin gets mass adoption it should become deflationary. Now with the lightning network speeding transactions, why stress over how much the price of bitcoin fluctuates when it should provide an actual service as it was intended to be? I just feel like if this thing is intended to revert it back to fiat to make purchases and "get rich" off of fiat then somehow we have distorted Satoshi's vision. Maybe we shou
Twitter CEO Payment Firm Square Has Published Whitepaper Of Its Decentralized Bitcoin Exchange
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Latin America's largest company to allow customers to buy Bitcoin in Brazil via app
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Crypto is at FEAR now, are you all really buying more?
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Many posts here said to buy more when the market is down. Are you all really buying more now since the market is down and at the FEAR level? Or are you all fearful now not to buy in and wait for the market to kinda stabilize? Source: https://cryptofeargreed.io https://preview.redd.it/60qxiqh4z8181.png?width=2152&format=png&auto=webp&s=115a4f9e79b91b70038d52dc0a3cf2bf8baf4807 Submitted November 23, 2021 at 06:29AM by neilstee https://ift.tt/3kZSNAp
A Small Canadian Restaurant Is Investing All Of Its Profits In Bitcoin. It Returned 460%
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This is how it feels to watch the Bitcoin City announcement from Nayib Bukele
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Remember: there are some people with such a fundamental misunderstanding of what bitcoin is, and how the market works, that they will ALWAYS be wrong. If you had listened to this poor fella back in June you'd have sold your stack and missed out on this leg of the bull run!
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NFL wide receiver Odell Beckham Jr. receiving ENTIRE salary in Bitcoin!
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Reason banks & governments of developed countries will never adopt crypto
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Think about it. All their finances being public information, you would be able to see their information on the blockchain, who sent them money, when, and how much, all these businesses lobbying governments would be exposed and the people would boycott them, the current financial system helps them conceal what is happening behind the scenes, they control inflation, interest rates, everything, it doesn't matter that purchasing power is ever declined, the current system needs to artificially create problems to justify it's existence. Submitted November 22, 2021 at 06:54PM by Antwns https://ift.tt/3FG4LH4
Government issued cryptos will never be able to replace BTC
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Some may fear that a government-issued crypto, e.g. USDC, will kill BTC. This is nonsense. It simply replaces wire transfer of USD with a blockchain. It does not allow for a truly free exchange of value between any two random places in the globe without a meddling intermediary. A government issued crypto will have all the festering deficiencies of a fiat. It will only waste energy thanks to the endless inflation and regulation. Submitted November 22, 2021 at 05:47PM by fanzakh https://ift.tt/3CDKtMv
Daily Discussion, November 22, 2021
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Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted November 22, 2021 at 10:03AM by rBitcoinMod https://ift.tt/3CCBJpV
El Salvador’s prospective Bitcoin Bonds do not have nearly enough interest to be good investments
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TLDR: El Salvador’s debt is suspect, and so capital markets charge high interest. They are now going to bitfinex with ridiculously low interest. You should not buy these bonds unless the interest is significantly better As you may have heard, Nayib Bukele is selling bitcoin bonds to build a bitcoin city. These bonds will be 5 year bonds, trading at 6.5%. Put bluntly, that level of interest on Salvadoran bonds, even in Bitcoin, is ridiculously low. Let me explain. If you look at regular Salvadoran bonds, you will see that the interest rate on their 20 year bonds due 2023 is 7.75%, and on their 10 year bonds due 2029 is 8.625%. You may think that is an acceptable bitcoin discount. However, this is not the correct number to use-we need to use yield. Yield is, basically, the interest rate scaled to the bond’s current price. This makes sense, because if you buy a $1000 bond paying 4% for 500 its really paying you 8%. So lets look at El Salvador’s yields. The first one, due 2023, has a y
How do I educate my family to start stacking?
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Does anyone have a simple, dumbed down version, that I can share with my family to convince them to begin accruing BTC? Whenever I try to explain it they just have more questions. Maybe a short 10-20 min video would be ideal Submitted November 22, 2021 at 05:14AM by JTennant83 https://ift.tt/3kU1Zq4
Cryptocurrency ‘no passing fad’: minister warns against Australia being left behind
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So I want to start investing into Bitcoin but I want to do it right. Any tips or things I should know before starting?
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Documentary Trailer: The Satoshi Mystery - The Origins of Bitcoin | Nov 17th 2021 | English Subtitles | Cypherpunks Write Code | Full Video Link Inside
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Some perspective about Bitcoin City as a native
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I want to share this for anyone who is interested in the cultural and social background from the perspective of a native citizen form El Salvador about the Bitcoin City announcement. My hometown is in a close city from the place where Bitcoin City is going to be built, which is called La Union, and my father works exactly there. I currently live in the capital city San Salvador and had to move here six years ago due to work. The concentration of development in San Salvador, the rest of the country in oblivion Well, you'll see, El Salvador is a very small country in territory but all the development is concentrated only and only in the capital city San Salvador and all the rest of the country has been abandoned basically since the country's foundation. That is one reason for my anger towards the old politicians and previous generations who did merely nothing to distribute richness and development equally along in the country and they forgot completely about all the other c
The cover of Diario El Salvador. .............0% tax
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Time to vent: What's your biggest Bitcoin regret?
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What have you done involving your Bitcoin that you regret the most? Did you panic sell? Did you get rekt in trading? Send to wrong address? Lose your keys? I tried trading once 2 years ago, fucked up, and learnt my lesson, never again! Curious to hear your stories! We all atleast have one😅 Submitted November 22, 2021 at 02:38AM by TNF05070 https://ift.tt/3oSAJtf
Senator Lummis Slams Hillary Clinton, Advocates For Stabilizing US Dollar Using Bitcoin
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You know that whole NSA story from almost TEN YEARS AGO? I paid for the servers that made that possible... using Bitcoin.
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A small restaurant chain in Canada is plowing all of its profits into bitcoin
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WOW!!! Someone moved 1,299 BTC worth $73m!!! After more than 8 years!!
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Just found my very first wallet from February 2013. :’(
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Study: Over 40% of people globally trust Bitcoin over local currency
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POW superiority over POS in the longterm
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I keep hearing guys like Saylor talking about how POS is a joke compared to POW, especially in the long term. I understand the basics of the 2 concepts but can someone please explain why POW is much superior and POS is doomed to fail? Because POS seems to be the new cool kid on the block. Submitted November 21, 2021 at 04:40PM by brob2026 https://ift.tt/3r50Ak2
2021 continues to run 5-8 days behind 2017 since July
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My experience at the Bitcoin week in El Salvador as Salvadorian and some reflection
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I live a few minutes from LA Bitcoin Week that was this past week in my country, El Salvador. https://www.labitconf.com/ I was able to meet directly some people from platforms like Binance or Mexo.io or people from Trezor, the hardware wallet company, so I was able to ask them some questions I had, talk to them and chill. Also I met some early bitcoin adopters who were from like from 2012 and so and I took some friends and showed them to listen to the experience of these people. It felt nice to be in an environment where everyone knew about this and was inspiring to continue and plan and to more things with it. There were other artists like me who were painting surf tables that were later auctioned and the money will be sent to help one of our hospitals, it was like $11k in USD. Also I was able to talk to some legislators who were responsible to make the bitcoin law a reality and they were there like everyone else, enjoying the moment and learning more and more about bitcoin. I talk
The real bitcoin was the dips we bought along the way
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El Salvador government strikes deal with Bitfinex, Blockstream to issue $1 billion bitcoin bond
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Anyone using the strike app? Is it better to just buy off an exchange?
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US City Installs Crypto ATM at Airport After Accepting Cryptocurrency for Payments
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The total value of all property in New York City is $1 trillion. Just for some perspective.
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That still leaves Hong Kong, London, Tokyo, Sydney and every other major city in the world. edit - apparently that's a conservative estimate. Others put it at over 2.8 trillion, and over 32 trillion for all of the USA. Submitted November 21, 2021 at 04:12AM by New-Basil-8889 https://ift.tt/3DE5IiO
El Salvador To Issue $1 Billion Dollar Bond. $500 Million To Buy Bitcoin, And $500 Million to Build Bitcoin City in El Salvador | Nov 20th 2021
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BREAKING: El Salvador President confirms he is building the first Bitcoin city 🇸🇻
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10 Congress Members Ask Nancy Pelosi to Help Revise Crypto Provision in Infrastructure Bill – Regulation Bitcoin News
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I want to share some Bitcoin on the Lightning network with people who never used it
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EDIT: Im going to stop tipping. G2g soon. Thanks for the good vibes Yay happy Saturday. I have a little btc left on my reddit LN tip bot wallet. If you never used a Lightning app before, Download one. Muun, Breez, Phoenix, wallet of satoshi, blue wallet, and more. Im using muun Tell me which one you downloaded and I will send you a lightning tip with the ln tip bot. I will try to send to accounts that have activity in the last days and look real lol Submitted November 21, 2021 at 01:23AM by 10YOredditandbitcoin https://ift.tt/3DEt6wq
A bitcoin story
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My mom bought Bitcoin about 1,5 years ago as a plan to save for her pension. https://www.reddit.com/r/Bitcoin/comments/kgwiz0/just_found_out_my_mom_bought_bitcoin/?utm_medium=android_app&utm_source=share She had been stacking weekly for while, but due to bills and she got sick and loosing her job she had to stop stacking. She never touched her stack until last week where she wrote me to for help selling some. She needed money for an operation and medicine due to her illness. She was heartbroken, she had to dig into her retirement funds, but she knew it was the only way she could pay for this life saving operation. To our surprise Bitcoin had gone up so much there was enough to pay for the bills and as an added bonus, there were still more left than her initial investment. This has really been an eye opening experience. Bitcoin has the possibility to set you financially free. It is all about how long you can hold it before you start using it. To end this little story, I will
69-Year Old Israeli Lady Turned a $3K Bitcoin Investment to $320K: Now the Bank Refuses to Deposit
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Just hypothetically… if bitcoin went to zero how/why would it happen?
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We all know the warnings: “if you invest in crypto be prepared that you could lose all your money” yada yada. My belief is that either bitcoin becomes THE reserve currency, or it fails completely. There’s not really much middle ground. In 10 or 15 years it will either be worth (almost) EVERYTHING or nothing. So I’m interested to hear opinions on what could cause bitcoin to fail and become worthless. The way I see it there are two possibilities: 1) the price gradually declines over time towards zero. 2) some major black swan event happens and destroys the price overnight. I struggle to envisage 1) happening, because a gradually declining price will always tend to get propped up by people looking to time the bottom, if no event has occurred to put people off buying bitcoin altogether. Which leaves 2). Bitcoin getting wiped out by some major event. What could that be? A hack? A technical problem? The US making it illegal to hold? (Unenforceable and would just push people underground
USA, year is 2027. US Government resorts to extreme measures to keep the dollar afloat. No Bitcoiners were seen picking up the paper, since they are safe holding the new world reserve currency.
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Hillary Clinton Feels Bitcoin & Crypto Can Destabilize Currency Markets & Threaten The Dollar | TFTC's Marty Bent and Matt Odell Rebuttal With Commentary | 11/19/2021
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Pay it forward like Satoshi, Now is the time to give away bitcoin.
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My personal philosophy this holiday season is to gift bitcoin to people that are yet in the space. Give it to family, friends or just a random stranger. If you are reading this you are an earlier adopter and most likely you may know someone who is yet to get their toes wet in the space. Be like Satoshi and bring bitcoin to the ppl. This past year we have seen more outside investors and institutions enter the crypto space more than any other time in our short history. We also now have more accessible platforms and exchanges that makes owning bitcoin that much easier. Giving the gift of bitcoin can help bridge some of the learning curve and may actually change someones life for the better like it has done for probably most of the current users. Giving away bitcoin will also help foster more wide scale acceptance at a time when we are starting to bump up against regulations and laws. See Hillary Clinton. In the future Out of touch politicians may be more reluctant to pass harsh regulatio