"The way to become rich is to put all your eggs in one basket and then watch that basket" Andrew Carnegie on Bitcoin
No text found Submitted January 01, 2022 at 07:13AM by BaruchCollege https://ift.tt/3sO47nO
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Showing posts from December, 2021
Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC
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304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with 1,499,493 bitcoin held in treasuries. Submitted January 01, 2022 at 02:22AM by AmbitiousDecision552 https://ift.tt/3zexmBq
Happy new year … and ignore the USD price!
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Bitcoin is the only thing in our universe that is finite, of which we know how much there is, is easily auditable, can be easily shipped, small pieces can be shipped, cannot be manipulated, inflation is forever fixed and predictable, cannot be censored, and is publicly viewable where everything is located. If I have forgotten anything please correct me in the comments. It could be that I already have a few "Jägermeister" behind me. Be lenient with me. (Marking as nsfw because alcohol) Submitted January 01, 2022 at 03:59AM by beyond_the_obvious https://ift.tt/3JsGQOp
You have already won.
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I only have .03 btc but I still feel early as I'm the only one in my family or friendgroup to have any btc. If you, in the start of 2022, know enough about BTC to have some already, you're EARLY. I know we're all sad we didn't buy at .o2 cents (or whatever it was) but it's NEVER too late to start making better decisions. So here's to all my Sat Stackers who are slowly, humbly, going to make it. Cheers! Here's to BTC at any cost! Submitted January 01, 2022 at 05:55AM by SilverAndAlgorand https://ift.tt/3sKyXh5
MicroStrategy, Bitcoin's Biggest Corporate Backer, Announces $94 Million Investment Amid $250 Billion Crypto Market Crash
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Not to toot my own bugle, but 16 months ago, I had created a thread when Bitcoin was $12000, and enumerated the reasons it was a very bullish asset then. I had also made a rough prediction/estimate of end of 2021 price of $40k, which isn't too far from what the price is today.
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Here is that thread . It was pretty well-received. And most of the points in it still hold. The following are some new developments since that thread. Tesla has become a net holder/buyer of Bitcoin, which makes it the first top company to do so. And it holds/buys ONLY bitcoin, no other coin. Elon Musk has also indicated that he holds quite a lot of Bitcoin ( and that he plans to buy more perhaps, but not sure about that). Bitcoin became the national currency of El Salvador, apart from the USD. Lightning network continues to develop, and gets used, specially by Strike. New futures based Bitcoin funds were launched and approved in USA. All these events are again huge positive signs, which continue to make Bitcoin an attractive asset. I expect Bitcoin to double every year, that's my rule of thumb. That's why I was able to 'predict' 18K for end of 2020, and $40k for end of 2021, which are both pretty good 'predictions'. I won't be making any predictio...
Lighting makes every other payments network on earth look broken by comparison.
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Soon going to a country where ATMs, merchants, hotels and public transport aren't all paid with using lightning will be like going to a country today where no one accepts visa anywhere. Going to a place where lightning isnt accepted everywhere will feel like landing into a 3rd world country where nothing works properly. Imagine travelling the world knowing every destination you land in their taxi's, hotels, public transport and 4G data are all paid for easily just by scanning a lightning invoice. Submitted December 31, 2021 at 03:44PM by slvbtc https://ift.tt/3mHh92E
“I have only 600 bitcoins…I missed the bus"
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This was stated on a forum on July 25, 2010: https://preview.redd.it/7lhyuld8ws881.jpg?width=1164&format=pjpg&auto=webp&s=e81dc4bf25d77bed47ce08a372a892db281d80b9 Makes you wonder if one day saying you have even a tenth of a Bitcoin will be considered a big deal. This was tweeted by Bitcoin Magazine: https://twitter.com/BitcoinMagazine/status/1475127258062991360 Submitted December 31, 2021 at 08:53AM by escodelrio https://ift.tt/3pEAGmj
Just 1.3 million Bitcoin left circulating on crypto exchanges
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What is the general consensus on BTC lending platforms such as CDC, Celsius, BlockFI etc?
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First, yes, not your keys not your crypto. I'd love to know how others feel about these kinds of platforms and whether the the reward (which seems to be 4-8% APY depending where you look) justify the risk of not only holding your coins on an exchange but allowing that exchange to lend those coins out. I currently have most of my BTC on these platforms (it was in cold storage for a long while before I chose to take on the risk to passively grow my holdings). However, philosophically I feel that the entire point of BTC is that you can and perhaps should hold it yourself. Submitted December 30, 2021 at 05:21PM by gorillalifter47 https://ift.tt/3HmObNn
I saved 42.5% on Capital Gains taxes owed by doing a wash sale.
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Today I spent hours and hours optimizing my taxes. I generated statements from Coinbase and Kraken then transferred the info to Excel. I sorted the purchases by cost basis, and sold every Satoshi that I had purchased after June 2021 above the current price. Then I instantly rebought, and at a slightly lower price even. The result was 42.5% lower net gains, so 42.5% lower taxes on the gains. Now, what am I going to do with the $20 I saved? Probably buy more BTC. Submitted December 31, 2021 at 05:11AM by semajessej https://ift.tt/3eDddeR
Made bitcoin tracker out of an old pi zero. Link to dev and instructions in the comments
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Coinone will no longer allow withdrawals to unverified external wallets (it could happen to you. Withdraw your funds from all exchanges)
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"It might make sense just to get some in case it catches on.” — Satoshi Nakamoto on Bitcoin in 2009
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Bitcoin does the opposite of what the majority says it’s going to do, again.
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Marathon Bought 78,000 Bitcoin Miners For $879 Million - Expects To Have 199,000 Active Machines Outputting 23 EH/s By Early 2023
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Where to Hold Bitcoin.
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I enjoy earning interest on my crypto using exchanges. However my concern is that exchanges must leverage the asset in order to pay those interest fees. Which is fine for now. However in the next couple years all the Bitcoin will be mined only about 2 million left, and only 1 million Bitcoin is on exchanges being traded. The rest is either in cold storage or lost. Point being, when Bitcoin starts climbing rapidly because we hit these marks or mass adoption to 1 billion people (2024estimation) Bitcoin will climb so fast in price, people will want to get their money and leave the exchange. But the underlying asset won’t be available. This is my issue. It’s a risk verse reward. Do you keep the Bitcoin on the exchange to gain interest, or lock it away in a hardware wallet, to avoid problems in the future. Submitted December 29, 2021 at 05:44PM by ccashdan https://ift.tt/3sHYY0D
We Got a Winner: "Bitcoin Will Be Worth $10M in 2029"
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My dad is 58 and has no retirement. After talking to him and explaining the fundamentals of Bitcoin, he wants to contribute tens of thousands into Bitcoin.
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My dad had about 275k in his retirement at about the age of 40. He risked it all, spent every penny of it, on a business venture that didn’t work out. He is now 58 and has not contributed at all to any retirement fund. After expressing some concern for his future well being, I explained the basics of Bitcoin, and he voluntarily asked me to help him invest tens of thousands of dollars he has in savings for his retirement. If he had not spent his retirement, I have no doubt his retirement would now be worth at least 500k. But that’s growth over 18 years. Bitcoin grows on average 200% every year. If my dad can hodl for atleast 5 - 10 years, I’m hopeful he can improve his financial situation. Bitcoin provides hope for the future. Bitcoin too fixes this. Edit: I have not misled my dad, at least, not intentionally. I have explained the risks as far as I see them and I prefaced it with “don’t invest more than you are willing to lose.” I have bought him a Trezor wallet for Christmas so we...
Does investing only 200$ to bitcoin make sense for longterm holding??
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Im 19 years old student with no money income and i really want to invest because i feel like i'm missing out the cryptocurrency potential. But at the same time i think investing that little money to bitcoin wouldn't make significant profit. I feel like bitcoin is crypto for people who invest thousands of $ to it. So what do you think should i invest it to bitcoin? Submitted December 28, 2021 at 07:29PM by davilaz https://ift.tt/31480JS
No one who ever purchased Bitcoin and held onto it for over three years has EVER lost money.
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Bitmask chrome extension - Gateway Wallet For Utility On Bitcoin (RGB)
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Has anyone ever tried using their retirement accounts to trade bitcoin? If you plan to HODL long term you get some cool tax advantages
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Let’s look on the positive side of bitcoins price! If bitcoin doesn’t reach $69,420 by New Years, Mogli_Puff will eat a Carolina Reaper on January 1st and post it here!!
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What would happen if the governments printed a lot of cash just to buy Bitcoin?
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The Year-End Message of Mexican Billionaire: "Believe in Yourself and Buy Bitcoin"
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I have one shot
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I got one chance to pitch my FIL Bitcoin. I need your help. In bullet points, what are your main selling points for Bitcoin that a Gen Xer would be drawn too. He has $8,000 to invest in, my job is to convince him to put a % in bitcoin. Edit: for more context, he asked me to try to convince him, im not annoyingly obligated to do this. Submitted December 28, 2021 at 12:51AM by Onsyde https://ift.tt/3pFhFQR
After the Turkey lira melts 34%, the country prepares bill to regulate cryptocurrencies
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I made more money dumping all my money into BTC at beginning of year than DCA
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For the past 3 years I’ve been putting 10K into BTC every year. This year I decided to switch it up so I dumped 10K Jan 1st instead of finding dips and DCA. If I would have DCA I barely would have made any money as BTC has made little gains since March. Do you think going forward this is a better strategy than investing $200 a week? Submitted December 28, 2021 at 04:40AM by Additional-Apple-492 https://ift.tt/3Ery5Ak
How to Orange Pill Your Family This Holiday Season brought to you by Pomp Bothers!
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Paying my beers with Bitcoin at Bitcoinbeach in the last sunset of the year! El Salvador looking good! If you need more info of places to visit in El Salvador using Bitcoin, look my guide.
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I just don’t understand how people don’t understand Bitcoin.
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Just had a conversation with someone in another sub that said Bitcoin is a horrible idea, it’ll never change anything, and it’s horrible for the World. He said, “someone buys Bitcoin, sells, and then some sucker buys Bitcoin after a 20% rise, who is buying an “inflated” price.” He also said that no one is ever going to give up traditional currency and that the dollar never has devalued. I was saying I’d rather have my money in Bitcoin so I’ll have something for retirement because the US dollar is going to be worth nothing in 30 years. He replied, “I’ll always choose US fiat as my retirement currency over Bitcoin”. I’m not shitting you guys, this just blows my mind, am I the crazy one here? Submitted December 27, 2021 at 05:27AM by snippedndipped https://ift.tt/33Td58R
I was this high on mushrooms 5 years ago when I finally understood Bitcoin and decided to make it my savings account, changing my life forever. Thank you Bitcoin
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Just wanted to share that in case it helps anyone else out. If you’re having a hard time understanding Bitcoin because your usual thought patterns are keeping you from comprehending it, take some magic 🍄 and think over it then. It might change your life. Never thought I’d be where I am today if not for some magic mushrooms to break my thought patterns and allow me to use Bitcoin as my primary savings for the last five years. A gifts out of the rat race that is fiat is the best gift any generation of humans could ever have to be able to afford to buy back their time, so they can spend it with their families and loved ones. Happy holidays! Submitted December 27, 2021 at 03:15PM by HolyyShib https://ift.tt/3EIOWyR
They didn't want to accept Bitcoin but now they have to! Crypto cards are giving Bitcoin purchase power
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Gifted my sister some BTC for Christmas in 2013. They finally returned the favor 🤑
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El Salvador Bitcoin beach! a place consider as the Genesis Block of adoption of Bitcoin in El Salvador
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Skeptic here - help me understand
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Crypto holding are highly concentration in the wallets of the very few. Specifically, The top 0.01% of holders own 27% of all bitcoins. This is much more concentrated than the overall US wealth where the top 1% own 1/3 of all wealth. https://www.google.com/amp/s/www.cbsnews.com/amp/news/bitcoin-cryptocurrency-wealth-one-percent/ So, moreover, 55 percent of all crypto holders bought this year alone. So, why would you buy Bitcoin today and hence, drive up pricing, when this truly helps the very few at the top. This seems like a clever scheme by the very Bitcoin rich to get other people to buy into a view of bitcoins store of value. Since the wealth is concentrated in the elite and adoption spiked this year, it implies newer buyers have very little chance of attaining same returns as before. So, the people at the top (think saylor…others) are incentivized to keep pumping Bitcoin and creating fomo because they need others to buy into their vision or they are stuck with less valuable “as...
Michael Saylor
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Love the guy. One of the smartest guys I've ever come across. But, makes me feel like everything in my life that doesn't pertain to Bitcoin is a waste of time and energy. It's starting to get me down. How do I follow his wisdom and still retain a purpose in my life beyond stacking sats? Submitted December 26, 2021 at 05:46PM by Less-Lengthiness114 https://ift.tt/3Fzs6L5
Merry Christmas Bitcoin: Billionaire Ricardo Pliego "Stay Away From Fiat, Buy Bitcoin" 12/25/21
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Bitcoin is a great investment but a terrible savings account for short-term needs, given its extreme volatility. Convince me otherwise.
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A Turkish bank is now asking borrowers to sign a commitment to not use the loan money in Liras to buy hard assets like Bitcoin, Gold, and Stocks.
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Reminder to be nice to all the BTC gift-card recipients
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bisq is growing!
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In case you are not familiar, bisq is a pure P2P system for BTC-Fiat/BTC-crypto trading. It offers a unique alternative to centralized exchanges, as it is a fully decentralized system. With the year nearing it's end, looking back at the traded volume of major currencies is impressive. Traded volume (in USD) Year EUR USD GBP BRL 2019 2.6M 1.3M 0.5M 0.3M 2020 6.0M 3.8M 1.7M 0.6M 2021 18.0M 8.1M 4.9M 1.3M Let's wish for a 2022 with even more P2P activity! Submitted December 26, 2021 at 12:45AM by bertvanhouten https://ift.tt/3Jljh9S
Patriots Quarterback 'Santa Mac' Jones Gifts Bitcoin to His Entire Offensive Line
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I was just laid off. My severance package is about $80k. If you were me, what would you do?
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Safe Seed Metal Stamp Kit / $100 BTC Giveaway! Secure Your Crypto Seed Phrases With Safe Seed Titanium, Stainless Steel, and Copper Stamp Plates.
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https://preview.redd.it/6wqpq5iytl781.png?width=580&format=png&auto=webp&s=c44993ec5235d0b6d3d55fe2062d3f6a54530cc5 https://preview.redd.it/o5m6tar5ul781.png?width=783&format=png&auto=webp&s=e5c80ccc51d7c59aeea2317326c42922eeba3105 Safe Seed is a simple and straightforward way to secure your crypto assets. Just stamp it out or engrave the plate with your 12-25 word recovery seed phrase and secure it in a safe place. Compatible with all hardware wallets like Trezor, Ledger, Keepkey, and all software wallets. Just post below and you will be entered into the contest; the winners will be selected randomly by redditraffle. Contest is from 12/24 10PM EST- 12/25 8PM EST Winners will be messaged right away after the contest has closed, the message will come from u/safeseed only! 1st Place- $100 in Bitcoin, Complete Steel Stamp Kit W/ Wood Box, 1x Titanium Plate, 1x Stainless Steel Plate, 1x Copper Plate, 1x Steel Bench Block, and 1x Stainless Steel 6”x6” Bitco...
Isn't a 24-word seed phrase overkill? Is 12 words fine?
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Just got my first Ledger, and it defaults to a 24-word seed phrase. AFAIK, it would take a trillion computers, guessing a trillion times a second, for the lifetime of the universe , to brute-force a 12-word seed phrase. A 24-word seed phrase seems like overkill. While I will be carefully storing my seed phrase, I also plan on committing it to memory. I have some experience with this, and 12 words is doable. But I'm not so sure about 24 words. I'm considering making a 12-word seed phrase wallet, and restoring the Ledger from that. So, is a 24-word seed phrase overkill? Is 12 words fine? Is there something I'm not thinking about? Submitted December 24, 2021 at 10:39PM by Admirable_Reception2 https://ift.tt/3FroIlj
For a half hour today something very odd happened on Binance. Volume dropped to extremely low levels (1 btc/minute) and it looks like a few bots took over trading. No explanation from Binance. They reported some sort of issue but no explanation for the trading pattern seen here.
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My kid sister asked me for bitcoin lessons for Christmas this year. Paper wallet, hardware wallet, and home built pi node with umbrel. What am I missing?
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Inspired by the other guy, I’m now buying $1 every hour!
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Giveaway BTC for Christmas
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I’ve seen a similar post, and thought it was an excellent idea. Soooo, 400$ worth of BTC for whoever guess the correct price. Based on the closing price at 00:00 UTC, tonight. You have until 8pm tonight (I edited 11pm to 8, too many comments). Good luck! And Happy, Merry Christmas!🎄🎄 Edit: ofc, no edited comments. And one guess per person. Based on Binance closing price. Submitted December 24, 2021 at 09:08PM by hugocrpto https://ift.tt/3qqlLey
LN is not just for sending payments. LNURL allows people to login to websites without using passwords and even usernames.
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Anyone else have the same journey as me with bitcoin? Leaving bitcoin thinking alts are "superior technology", then coming back to bitcoin?
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Let me preface this by saying I tell new people, "If you want to make money the only strategy that has held up is buying and holding bitcoin for 4 years." and, "The only coin that has managed to stay at the top of the charts is Bitcoin. When bitcoin drops 5%, altcoins drop anywhere from 10-50%. Just buy bitcoin and hold it a long time. Use money you don't need to buy it, and you will be pleasantly surprised a few years from today." However, I too also fell in to the "superior technology fallacy" that a lot of altcoins promised but either A) failed to deliver on or B) delivered with an unacceptable level of centralization. I went with altcoins over the years thinking, "It's just a matter of time until they surpass bitcoin." But that never happened for various reasons. The one thing that bothers me now is the amount of new people we have saying dumb shit with regards to altcoins being "superior" to bitcoin without any well-form...
Regulatory clarity to spur institutional bitcoin investment in Asia
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If I HODL, and have no income, what should I live on?
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US returns $154 Million in bitcoins stolen by Sony employee
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Wyoming Senator Cynthia Lummis To Propose New Bitcoin Bill Next Year
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Bitcoin miners generated more than $15 billion in revenue during 2021
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Bitcoin Is An Enduring Bull Market, Says Bloomberg Strategist
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El Salvador Government Continues Bitcoin Accumulation, Makes New Symbolic Purchase
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Anybody else gifting bitcoin via Opendimes for Christmas?
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Day One of using Bitcoin in El Salvador
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I had just arrived here near the beaches of El Salvador after mustering up the courage to travel to one of the "most dangerous" countries in the world. It's been a few days so far and I feel pretty much safe walking alone during the daytime as a tourist with limited Spanish speaking skills. This morning, I visited El Zonte to see how easy it was to transact using Bitcoin from my lightning wallet and let me tell you; it was difficult. Most shops advertise "Bitcoin accepted here", "Strike accepted here" and other shops display a QR code with the BitcoinBeach logo in the middle that when scanned, directs you to the BitcoinBeach invoice setup webpage. I asked one of the vendors if I could pay in Bitcoin using a lightning wallet for a bottle of water and the vendor advised me to just scan the QR code to pay. Which I did only to see an alert message stating "Not a proper lightning payment request", some error stating that it needs a set amount of...
Found Physical coins that have Bitcoin logo on them (caption)
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Pursuit of Happiness
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Back in mid 2020, i invested a small amount in BTC just to see how it goes. Last month i sold all and cashed out. I got around 400% profit which is so far the biggest return in any of my investment. When the amount came in my bank account and i was able to allocate some for my loved ones for their personal life expenditure, the joy of giving an amount I earned was truly amazing. I don’t know how to explain it. Earlier I did give them, but that always used to be borrowed money. I reinvested half of the profit and decided to gift my loved ones almost half of it and kept a tiny bit for me to buy just anything nice i want without a second thought. Felt no regret selling. Felt great when the profit came to my account. Thank you everyone i guess. This is a memorable moment of happiness in my life. Submitted December 23, 2021 at 06:38AM by nigil777 https://ift.tt/3sIOAWD
Michael Saylor Reveals His Personal Bitcoin Holdings To Be Worth Over $800 Million, Sees BTC price going to $6 Million
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A Better Future for El Salvador Through Bitcoin – Nayib Bukele Stands Up to Global Institutions. The president has the support of the people of El Salvador, and that's all that matters.
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The Bitcoin standard continues to make its way in El Salvador. President Nayib Bukele stands firm against the powerful people of the current monetary and financial system who are doing everything to discredit this initiative that will change the future of El Salvador for the better. Despite threats and criticism from the IMF, the Central Bank, or even America, Nayib Bukele continues the Bitcoin adventure and went further a few weeks ago by announcing the creation of the first Bitcoin City in El Salvador. An interesting piece of news has just been published by a local newspaper in El Salvador. In this article, you learn that a poll was conducted indicating that more than 85% of Salvadorans still trust Nayib Bukele. This poll is interesting because the powers that be in the current system have tried several times to discredit his initiative by saying that the people disapprove of the implementation of standard Bitcoin in the country. In the latest issue of the In Bitcoin We Trust Ne...
El Salvador Buys 21 Bitcoin To Mark A Special Occasion
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Housing market insanity - Bitcoin to follow?
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In Canada the housing market has hit peak insanity, even far way from the "desirable" cities of Toronto and Vancouver it is becoming impossible to own a home in Canada. Crappy little shitboxes in cities like Peterborough and Sudbury are going over 600-700k, when a few years ago they were 300-400k. Hamilton, ON has seen a 33% house price increase in a year, and 138% in 10 years. Many places are going several hundred over asking with insane bidding wars. The low build rate, and population surge (400k+ immigrants per year) will make this even worse. Many are treating housing as their anti inflation hedge and their sole investment/retirement plan. However, there are significant barriers and upkeep costs to owning a home. Bitcoin is the new low cost, no barrier entry and produces similar (or better) yields Submitted December 22, 2021 at 05:28AM by dupleVe https://ift.tt/3phpCeu
Alan Greenspan after the U.S. credit downgrade (2011)
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Crypto Funds Explode in Boom Year Marked by First U.S. Bitcoin ETF
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I finally got access to my old Coinbase wallet which I last used in 2016. I thought there may be something in there but wasn’t sure. When I get the access today I had £304! The last time I used it I had £3.50. Has anyone else found a ‘lost stash’ of bitcoin?
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The Wall Street Journal (WSJ) attempt to delegitimize Bitcoin’s decentralization is the new low in spreading misinformation with no evidence.
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The lack of knowledge of the researchers is mind boggling, completely ignoring all wallets for off chain applications, 2nd layer, funds, custodian’s, etc. I saw on Twitter after the backlash the journalist responsible for this garbage said they excluded all exchanges (see link below). Then what the hell did you guys study lol? Here is the real bitcoin distribution: https://insights.glassnode.com/bitcoin-supply-distribution/ https://twitter.com/paulvigna/status/1473030205832941574?s=21 Submitted December 21, 2021 at 09:33PM by Phreesion https://ift.tt/3yP1Fyg
New Jersey bank to let clients to buy, sell and hold Bitcoin
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Banks in Argentina are not letting unvaccinated people to get inside... The only way to withdraw dollars from your account is to do it physically in your bank
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Can I restore my bitcoin from 2009?
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Hey guys I have a question that I am sure must of been asked hundreds of times before...here goes. In 2009 I was really interested in anything related to economics and specifically currency. I came across the whitepaper for bitcoin and after doing some reading, I decided to download the bitcoin client. I remember I was mining for weeks on end not really knowing the significance of what I was doing but was just really trying to support the idea of a virtual currency as I knew this could be the future. Around 2010 I threw my computer and all my furniture in storage and moved overseas. My computer has been sitting in storage for about 11 years now and I am going back soon to open it up and see if I still have the bitcoin client. I am not really in sync with how bitcoin operates nowadays, all i know is you either have your private keys in cold storage or hot storage. I think in 2009 my computer should hold the private keys on cold storage as there weren't any virtual wallets back the...
McDonald’s Starts Accepting Bitcoin In El Salvador; Pizza Hut And Starbucks Follow Suit
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Today at a Hertz meeting with one of the higher ups in the company I asked if I can get my salary in bitcoin. He didn't know much about bitcoin. Last month, my mom won 1k with a scratch off, I told her to buy bitcoin with it. She didn't know what bitcoin is. We are still very early yall
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Ledgers and Trezors for Christmas for my family and friends!!! Getting everybody a hardware wallet this year! Cause don't keep it on an exchange, that's why!! Merry Xmas, HO HO HO!!!!
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Why Proof of Stake is Flawed with Lane Rettig — What Bitcoin Did
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Roald Dahl gets bitcoin scarcity
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Was watching Willy Wonka and the Chocolate Factory with my kids, when I came across this interesting scene: Charlie is contemplating selling his golden ticket to support his poor and starving family. His grampa pulls him aside and tells him: There's plenty of money out there. They print more every day. But this ticket: There's only five of them in the whole world. That's all there's ever going to be. Only a dummy would give this up for something as common as money. Are you a dummy? Submitted December 21, 2021 at 02:21AM by IchorOfTheElders https://ift.tt/3H3nrkL
How I lost my 0.6 BTC - buy a hardware wallet guys. Don't rely on software wallets.
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Well I had an electrum wallet on my Laptop. It appears I visited a website (or clicked a link) that somehow breached my anti-virus. It installed ransomware and encrypted all my files. They asked me to send Bitcoin to decrypt the files. Their email was [ helprecover@foxmail.com ](mailto: helprecover@foxmail.com ). I DID NOT send them anything. I re-installed Windows on the whole hard drive - and then proceeded to install Electrum and tried to restore my wallet. The moment I entered my private key on the PC the coins (0.599 after transaction fees) were sent to the hacker's address ( https://www.blockchain.com/btc/address/16Myr9GVhwRF6YKxLnQod5jZZgiXULbAYx ) I had accumulated 0.6 using 0.1 increments after selling most of my stuff on eBay! NOW, the same address then sent their bitcoins to another address in January 2020 ( https://www.blockchain.com/btc/address/bc1qw509mgwxy0trsws0254854fpdyux9sxqywguxj ) I called the police, called action fraud UK. Sent them all the details. They...
Why do I need to pay capital gains taxes on my El Salvador currency, but not any other currency?
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I sold 0 bitcoin over the last 3 months
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My average buy price is 26k and I have never sold 1 Sat. I may regret not selling at 55k…BUT… 1st and only house: 2.65% APR and owe 165k 1 ROOMMATE (wife) 2nd house: fuck me a second house? Daily Driver: 2017 Subaru Outback 2.9% 14,000.00 Student Loans: 29k fuck me Private Student Loan: 11k fuck me hard Credit Cards: 0 but I paid those off by FIAT! I wish I got in 1200-4000 in 2017 but I was a fucktard that thought it was a scam because of bitconnect. Good news is summer of 2020 I did my research and got buying before things took off and have just kept buying. I don’t even own one coin but I may get there. COME FOR MY BITCOIN and you die. Edit: my roommate is my wife, she scolded me once she read my post. :) Submitted December 20, 2021 at 07:55PM by Omega3568 https://ift.tt/3FfWREM
Is it safe to buy bitcoin through Paypal?
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I have been wanting to buy crypto for some time now and I was just able to have funds for it recently. I’m still pretty new to all of these so I don’t really know how to buy btc. I browsed the internet and while there are many options, I feel a little intimidated by them especially when I checked out the apps. I am more familiar with Paypal and finding out that you can also buy btc through them made me feel more interested. But I still have my doubts since I’m new to this shit. Submitted December 20, 2021 at 06:38PM by Shaggy_holmes https://ift.tt/3mn5PIZ
I sold 9 bitcoin over the past 3 months
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Average sell was around $55k. I know I will regret this one day in the future... BUT... 1st House - PAID IN FULL (Now a rental property) 2nd House - 400k @ 2.75% NO ROOMMATES Hellcat - BOUGHT W CASH Daily Driver - PAID IN FULL Student Loans - PAID IN FULL Credit Cards - PAID IN FULL Personal Loans - PAID IN FULL Job - Quit and found another job that pays the same (140k per year) With 1/3 less hours. I could never have done this without Bitcoin. I bought a lot between $1200 and $4,000 in 2017. The freedom I feel now is unbelievable compared to the weight of all those payments. One day, I'm sure it will be regrettable to part with 9 bitcoin @55k, but my immediate life is looking so fucking good... plus I still have 26 left. 😝 INB4 "hurr durr dont post your balances". Come after my bitcoin and you die. Good evening to all and merry christmas. Submitted December 20, 2021 at 05:16AM by Cryptorich13 https://ift.tt/3EcfF6n
Most recent on-chain data still painting robust accumulation phase. Asia lagging. Evergrande behind most recent selloff? Let's study the charts inside and find out ➡️
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Before we get to the charts, it's important people understand the role real-estate plays in China. 62% of all savings for Chinese people is in real estate. Real estate collateralizes most loans. When including real estate related industries, real estate makes up over 50% of the country's GDP. It's everything for many there, and the bubble is bursting with Evergrande (the largest real estate developer) which is defaulting on its debts. China is desperately trying to control the meltdown and stop the contagion, but for how long? We know they host the Olympics next year, so don't expect a Taiwan invasion or anything but their best efforts until then. The Olympics is also where they want to debut their digital Yuan to the world. They tell us everything is fine, but there are some whispers. Take a look at this chart: So...what do you think happens when this selling stops? There's been an unprecedented amount of selling since late November. For what? I'm going t...
My Bitcoin allows me to live stress-free.
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Nothing scares me anymore, right now my financial future is secure. I have more money than I’ve ever had in my life. It can’t be confiscated, stolen, devalued, undermined, frozen, etc. I can take it to any country on earth and easily convert it to some form of usable currency there. When hyperinflation comes, the price of Bitcoin will hyperinflate as well and my financial status will be protected. Holding Bitcoin has shown me that the news is just a tool of control to spread fear, uncertainty, doubt so that you act out of emotion, so I don’t watch the news anymore. My life is tranquil, every day I just do what I need to do to acquire more Bitcoin and I execute my plan effortlessly knowing I am on the path to becoming my own sovereign person that nobody will be able to control without use of physical force, which I will be prepared for. Submitted December 19, 2021 at 11:17PM by LateAardvark2933 https://ift.tt/3p95r2h
Anyone else starting feel like Bitcoiners and sound money advocates are becoming a minority in this industry?
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Bitcoiners were once 100% of the people in this industry. Now it seems maybe we occupy maybe 25% and most of the 25% don't really hold the values of sound money. They are just here for number go up. Our love for sound money was once the unifying glue that held the entire crypto industry together under shared interests. We were all working together to bring sound money to the world. I don't think the broader industry does love sound anymore, because when I point out obviously scammy attributes like grifters making premines coins, VC token allocations and centralizing governance, I get booed out of town and called a "boomer" or a "fudder". To these people, crypto isn't about building sound money but instead just a mechanism to get rich. If your goal is just to get rich, then yeah making a premined shitcoin scam and leveraging your influence to get others to buy in is an easier way to make money than to own Bitcoin. That's why everyone with money, p...
Nigeria, a Bitcoin friendly country has become the biggest economy in Africa
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"Focus only on Bitcoin"
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Why do some people say only buy Bitcoin and forget about getting distracted by the Sh*tcoins? I've heard some big players say this lately including Michael Saylor and Robert Breedlove, and I am interested in hearing your opinions. Cheers! Submitted December 19, 2021 at 10:53AM by Less-Lengthiness114 https://ift.tt/3mjJ7l0
Here's my Bitcoin family Christmas photo. Find all the easter eggs.
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I finally got my first million sats!
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I know to most this is nothing, but I've been DCAing for sometime and I've finally maid it to 7 digit sats and wanted to share it with everyone, especially those like me that can't afford to save much! Keep it up and slowly it will build up! Submitted December 18, 2021 at 11:09PM by dirpydip https://ift.tt/3JbZ2M2
People keep asking me about the different types of bitcoin addresses and what they mean. Here's a simple breakdown...
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A lot of people have been asking me about the different types of bitcoin addresses they see in wallets and the difference between each of them. Understandability, for a nontech person, it can be a bit confusing to see different types of addresses in their wallet and what all of it means. Here is a simple breakthrough of the types of addresses you see in your bitcoin wallet. Legacy: This is the original form of a bitcoin address that has been in existence ever since bitcoin. A simple way to recognize these addresses is they all start with a "1". Example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2 Issues: Case-sensitive High transaction fee due to the large size Segwit: The second version of the bitcoin address helped save in transaction fees by reducing the transaction size. All of these addresses start with "3". 347N1Thc213QqfYCz3PZkjoJpNv5b14kBd Issues: Case-sensitive Native Segwit: The third edition of a bitcoin address. These addresses further r...
Age 20 - 30? Bitcoin will be 1,250,000 in 15 or 20 years as boomers die off.
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The NYSE alone has a 26 trillion market cap - Bitcoin an 870 billion market cap. Most of the money in the NYSE is fueled by institutions. I haven't even mentioned the NASDAQ or other indexes. Boomers are the ones currently in power financially and politically. Our generation (millennials/gen X/gen Z) actually understands the power of Bitcoin and cryptocurrency. As boomers die off we'll adopt crypto into our everyday lives. It's only 2021 and we're developing metaverse shit. People are buying virtual land, homes, rights to art on the blockchain and staking to compound their investments. I predict BTC to be as large as the NYSE within 15-20 years and priced well over 1m/btc. Bitcoin is obviously understood as our digital gold by many which means it is better off as a reserve coin which means it'll be held and not as a utility for everyday purchases. There will only be 1 other altcoin that nearly matches BTC as a main utility for transactions. In my opinion, this wi...
SEC.gov | JPMorgan Admits to Widespread Recordkeeping Failures and Agrees to Pay $125 Million Penalty to Resolve SEC Charges. Context: Bitcoin fixes this.
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As a multiple fullcoiner I cant be bothered to work again.
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Its been a year since I worked. So I live in a country where cryptos are not being taxed. My monthly expenses are 5-7 million sats. I have currently over 600 million sats in my offline hardware wallets. As the time goes by my monthly expenses gets lower. In about 4 year I think my expenses will be just 1-2 million sats per month and by 2030 as low as 100.000 sats. There is even a good possibility that a whole coiner will get over 6 million sats in interest yearly by future institutions. Knowing that my sats will last decades, even maybe forever I just can be bothered to work for some a-hole again. Instead I use the time to do what I want to, not what I have to. The daily stress is gone. Thank you Bitcoin. Submitted December 18, 2021 at 02:32PM by eatmymeatbitch https://ift.tt/3p5mAdd
Huge for adoption: 20% Discount if you pay with Bitcoin on Elektra (one of the largest retail-store chains in Mexico).
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Also, they are planning to implement LN in the near future and right now already are giving 20% discounts if you buy using Bitcoin. Infosel, December. 16.- Group Elektra (MX :), a financial and commerce services company, will include as a payment method for purchases made on its online portal, making it the first retail chain in Mexico to accept cryptocurrencies in its operations. The store, by way of introduction, launched a discount offer of up to 20% on the first purchase with payment in bitcoin, which will be valid from December 16 to 31, it indicated on its online portal. “The rumors are true, @ElektraMx is the first retail store in Mexico that allows purchases with bitcoin,” wrote Ricardo Salinas Pliego, president of the conglomerate Grupo Salinas, to which the chain of retail stores belongs, on his personal Twitter account. The Mexican businessman is one of the most visible Mexican figures that supports the use of cryptocurrencies, considering that it has advantages such a...
Zimbabwe bank notes 1 year apart due to hyperinflation (2007-2008)
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I have a question - Is it not a good thing the price of bitcoin declines? It presumably gives everyone else the opportunity to buy at a lower price and shakes out those who were not in bitcoin for the long term, ultimately leading to greater gains in the future.
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If you been wondering why Bitcoin has been dipping. Here’s your answer.
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My wife's nerves about my years-long bitcoin investments have now been settled... Because she just realized it's possible to borrow against it for a new home down payment, at an interest rate that blows banks out of the water, all the while immune to Fed rates. Her eyes are now open.
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If Bitcoin is supposed to save us from inflation and the bad US dollar, why is it so dependant on it? BTC price is literally tied with SP500 price. If USA goes in any kind of small or big financial crisis, BTC is going down first ! How is this protecting our savings?
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If btc and sp500 are so dependant and interconnected and if the USA economy was designed to fail with its fiat currency and policies and printing, how exactly is Bitcoin going to survive this? Let's say In a hyper inflation scenario in 5 years how is BTC going to save our lifetime savings, it's going to crash first, isn't it? Would you kindly explain how exactly sp500 fails big time and BTC succeeds despite that. Submitted December 16, 2021 at 12:54AM by gen66 https://ift.tt/3s9QgI3
Kraken CEO: The Dollar Is Going To Zero Against Bitcoin
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I was adamant that Bitcoin was a pyramid scheme. It was so obvious to me. Here’s a laugh for you.
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About 4-5 years ago I sat at a bar here in Bangkok and argued with an English mate about Bitcoin. I’m an engineer and mathematician and had studied it extensively. We argued for hours. To prove my point, I said I would buy one Bitcoin and happily lose it when the system collapsed to prove my point. So I bought one BTC for around US$4,000. We argued for years. I sold it a few months ago for $48,000. Best investment I ever made!!! Ha ha. I wish I’d bought more. Submitted December 16, 2021 at 07:20PM by Bangkok-Boy https://ift.tt/3yuTrLT
TIL: USA gov seized gold in 1933. I am more bullish in BTC than ever
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This blew my mind. Via this order people had to give up their gold or gold certificates. Confiscation or Jail: https://en.wikipedia.org/wiki/Executive_Order_6102 Thanks to BTC Ive been learning so much and my whole perspective on how the world is setup has changed a lot. BTC is the only vessel to rebuild mankind. Submitted December 16, 2021 at 10:04AM by Dangerous_Moose_4765 https://ift.tt/3yurC6h
This is the real flippening
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People have always said your bitcoin gains are unrealised until you "cash out" into fiat. But one day soon people will realise the bitcoin world is far safer than the traditional financial system. Its at that point people in the fiat world will need to "cash out" into bitcoin just to protect their money from inflation and bank failures. The real flippening is when people stop cashing out from bitcoin to fiat to lock in wealth, and start cashing out of fiat and into bitcoin to lock in wealth. Submitted December 16, 2021 at 07:21AM by slvbtc https://ift.tt/3m9Xxnt
The last time the Federal Reserve embarked on a path of tightening monetary policy, following a period of easing, in 2015, the price of Bitcoin was $465,
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Title says it all. For everyone freaking out about the fed meeting today, just remember this isn’t the first time in Bitcoin’ history that this has happen. The last time was in 2015 and went into 2018. During that time period we saw Bitcoin go from $465 to $20,000. What you are seeing right now is purely FUD, don’t buy into it. This won’t crush crypto. If anything, it should be a bullish sign for crypto. The fed is finally admitting that inflation is a serious problem. It is no longer transitory and it has run significantly hotter than the Fed projected. Also, the news is already baked in. Unless they do something insane, we already know that they are going to likely decrease bond purchases earlier and possibly hike rates earlier. This Fed is very market friendly, always have been. Their biggest fear is shocking the market which I why I believe they will change policy less than people are forecasting. If the instructions are unclear, I’ll spell it out for you. Buy. Submitted De...
If Only I..
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I started smoking cigarettes back in 2010 and I quit around 2020. I did a rough calculation and realized that with an average of 10$ per pack bought every day over those 10 years, if the entire thing was used to buy btc everyday instead of the smokes, I would have become a multi millionaire by now.. I’m crushed Edit: .06 cents per bitcoin in Sept 2010, that’s 166 BTC per pack! We’re theoretically talking billions!! Submitted December 15, 2021 at 02:10PM by Affectionate_Twist79 https://ift.tt/3pWybdW
Four years ago the fed printed $6.25 million dollars every ten minutes. Today the fed prints $12.5 million dollars every ten minutes.
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redditors in 2010 debating whether they should sell or hold bitcoin on this subreddit.
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I was searching old posts on this sub and I found a thread where people were debating whether they should sell or hold Bitcoin in 2010, its price at that moment was at 23$. https://www.reddit.com/r/Bitcoin/comments/hwldl/ok_bitcoin_users_time_for_your_first_test_will/ Check it out! I'm sure you'll enjoy reading the comments. Submitted December 14, 2021 at 08:24PM by beetlejuice-1337 https://ift.tt/3GGxFaL
German bank can introduce 50 million people to Bitcoin
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This is Natasha Che. She is huge critic of Bitcoin, deflation and PoW. She is pro PoS chains. Guess where she works?? Obviously, IMF..so typical of IMF folks.
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PSA: Strike now allows recurring bitcoin buys, including hourly—yes HOURLY.
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90% of the 21,000,000 BTC have now been mined. Current annual inflation of 1.88%, and programmatically declining for the next 119 years. Absolute scarcity.
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Bitcoin Touches New Milestone With 90% of Total Supply Mined
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Food is cheaper than it has ever been. 0.00006 BTC for a gallon of milk.
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Paraguay Considers Adopting Bitcoin as Tender | PYMNTS.com
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As of December 12th 2021, 90% of all Bitcoins have been issued. Only 10% have yet to be mined.
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Government: "Bitcoin is working! Quick, make it racist!"
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Bitcoin will outperform the entire crypto space soon. Who else thinks this is a plausible theory.
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There are two types of people in this space, those here to change the world by supporting the advancement of sound money and sound finance for the modern age, and those that are trying to get rich quick. I see so many people complain bitcoin was the worst performing crypto asset of 2021 and that has made them abandon bitcoin to spray 100 small bets at 100 different projects hoping to hit a 1000x return in a few months. They have left the mission of sound money to try and get rich quick. What if this is a natural mechanism to separate the people that believe in sound money from the get rich quick crowd. Inflation is rising, Interest rates are rising, we are closer than ever to the start of the great global debt crisis of the 2020s. This will cause many asset classes that are reliant on debt and speculation to crash while sound money and scarce commodities rise. This would imply the speculative side of crypto would get hit hard along with bitcoin initially, but bitcoin being the hedge...
Bitcoin Hash Rate Reaches A New All Time High In December 2021!
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Would you borrow $250k at 3.75% to invest in bitcoin?
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I have an opportunity to borrow $250k but can't seem to find the best place to invest it. Bitcoin seems like the best safest move to make a move like that. Not too much property in CA to buy with $250k so thinking of buying and holding BTC for at least 5 years. What would you do? Submitted December 12, 2021 at 05:43PM by Golden-eye007 https://ift.tt/3pMLw8F
Brazil Is Considering Excluding Green Bitcoin Mining From Taxation
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3 Major Attacks on Bitcoin This Year, And We're Still Crushing every Other Investment on Earth
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China Full Ban, forcing a miner migration that should have hurt the global network, but didn't "The Infrastructure Bill" written by central banksters, for the central banksters, legislation that includes a provision that creates new reporting requirements for many participants within the blockchain industry, designed to slow down adoption, public trust, and regulatory compliance. SEC backs Futures ETFs and kills any Spot ETFs. Gary Gensler is clearly on the take, and is working for the central banksters on this one. He's not a very good liar. May be getting blackmailed, or just sold Bitcoin out for cash, but either way he is working against Bitcoin's best interests. Since this passed October 19th, Bitcoin has tanked, after the initial ETF investment spike. Any one of these would destroy a lesser crypto, but all this can do is slow Bitcoin down, to an extent. Still up over 65% this year, but with this much headwind, Bitcoin wasn't allowed to operate in a ...
If the block chain is an unhackable public ledger, and the world has such tremendous problems with voter fraud, why isn’t there a movement pushing for a crypto solution to voter fraud?
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There is ZERO manipulation. Many don’t understand the basics of BTC’s fixed distribution, or the ABC’s of why adoption is the one and only thing that matters.
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Here’s the ideal progression of a Bitcoiner: Bitcoin only Hard Wallet Buys the dips Runs a node Carries orange pills The last item is critical, and you’ll understand why by the time I get done educating you. https://preview.redd.it/m36sx2pw6x481.jpg?width=800&format=pjpg&auto=webp&s=2eee8e3a49d9d0c430a5f1cf1c937ac36fa2b9b1 Bitcoin’s distribution is fixed and predictable; there’s a block mined once every ten minutes and inflation is adjusted once every four years in an event known as halving . The block reward currently is 6.25 BTC. Since blocks are mined once every ten minutes, that’s 6 blocks an hour, and 144 blocks every day. That means 900 BTC are mined each day. The current price of BTC is $50,000. So why is this relevant? Because of this: $45,000,000 worth of new BTC is hitting the open market every day. Think back to May of last year just before the most recent halving. There were 1800 blocks being produced a day at an average BTC price of $7500...
Florida Gov. Ron DeSantis proposes letting business pay state fees with cryptocurrencies
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Bitcoin Core developer Samuel Dobson decides it is ‘time to go'
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Barber shop near my house just started accepting BTC as form of payment
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U.S. inflation rate swells to 39-year high of 6.8%. Americans paying higher prices for almost everything
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Lovely people, hold your bitcoin. It’s not a financial advice it’s life advice. We are stronger together. Let’s not give bitcoin to composite mans, let’s keep it for ourselves, for people who really need it! ₿elieve in it, don’t let them manipulate you, and never lose hope!
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Every Bitcoiner should be doing THIS daily, according to Michael Saylor
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With all this fiat inflation I’ve come to learn that money does grow on trees... just not my trees. “Bitcoin doesn’t grow on trees” is a much more appropriate saying.
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U.S. consumer prices rose even more than expected in November. Prices rose 6.8%, the fastest annual increase since 1982. (TL;DR: Fed can't stop Brrrrrrrr...).
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No chance to reach 100k this month? I bought at 55k when all the influencers hyped it. Do I just hold and hope for the best. I got greedy and invested all money I have.
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Jeff Booth Interview: Discussing the future of power, a centralized future(CBDCs) or decentralized. Don’t fall into fear and become a pawn, bitcoin isn’t about getting rich, it’s about hope for the future. HODL, exit the system and become a sovereign individual.
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The blockchain scripting wars are over. Bitcoin has won.
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For years, Bitcoin has faced the competitive challenge posed by the Ethereum strategy. What is the Ethereum strategy ? A better (Turing complete) blockchain scripting language (such as Solidity) would lead to more innovation in smart contracts. In the Ethereum strategy, smart contracts are to be implemented as blockchain scripts. At the same time, we have now discovered that every blockchain script can also be implemented as an off-chain scriptless script . This new approach is much more scalable and respectful of the user's privacy . Furthermore -- and that is truly a catastrophe for the Ethereum strategy: While all blockchain scripts can be implemented as off-chain scriptless scripts, the other way around is not true. Therefore, the Ethereum strategy now faces the following devastating consideration: Off-chain scriptless scripts are vastly superior to blockchain scripts. Extensive blockchain scripting is no longer the way to go, and "better blockchain scripting...
Might have found my old pc with 12 BTC on it
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Around 10-11 years ago, when BTC was still a novelty, i mined it with my pc (those where the days) for a few weeks. Used to have around 12 of em if i recall correctly. Total value at that time was under ten dollar. I lost interest and did not go to the effort to cash out. Don't recall where the PC went, thought it long lost. When the crypto hype really started kicking of around two years ago, i used to joke to friends how i unwittingly threw away a lot of money. Until last week... when we found a few pc's from that era on my grandma's attic. It is very likely that my pc from back then is one of em. I need to get some legacy hardware (IDE adapters and such) to check the harddrives, so i am not sure yet and wondering if it is worth the effort. Of course... if this BTC is still on that pc or otherwiser recoverable via clues ON that pc... it would be more than worth it to go to great lenghts to recover it. Problem is, i do not know where to start. I have no idea what softwar...
Bitcoin balance on exchanges just reached a 3 year low!
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I'll send 100 sats over Lightning Network to anyone during the next hour
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Say Hi in DM chat, I'll answer and ask for your Lightning invoice. You can use Blue Wallet, Muun Wallet or any other wallet that supports Lightning network. EDIT: Hope you enjoyed the giveaway 😁 That's it for today. I'll make a new giveaway soon, so make sure you have a Lightning wallet ready! Submitted December 10, 2021 at 08:45AM by Slavitza https://ift.tt/3lTIjmG
MicroStrategy has purchased an additional 1,434 bitcoins for ~$82.4 million in cash
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Brazil considering zero tax on renewable Bitcoin mining
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Joe Biden government is mining Bitcoin, says White House adviser
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I want to buy an original El Salvador newspaper with Bitcoin on the front page
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What a better way to encourage Bitcoin adoption than to make it easy to implement and use? Lightning Developer Kit is a big step in this direction. 👏 Jack Dorsey and Spiral 👏
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India Says “No” to a Crypto Ban, Will Permit Local Investing
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What's going on-38 year old perspective-is it still early?
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I think different perspectives can help all of us. I'm very biased as I know bitcoin. I recently went to a work get together. Many people have not seen each other in 18 months. I work in finance -a superstar makes $350k. A lot of experienced people who are also very talented make between 140-160k. The majority make 70-80k who tend to have under 5 years experience. A year ago 3 people had bought bitcoin. Only 2 had significant holdings. Today... 20% of the workforce now owns bitcoin, and many are secretly buying. They are also buying very little relative to income. A guy who makes 5k a week has $12k, etc. It reminds me very much of the middle of the crazy run of 2017 at the 8k mark. There is only one person who has made a significant leap into bitcoin (and other crypto) relative to net worth/income. The biggest holders have taken on a lot more exposure than they wanted to initially. I see half of them starting to reduce their exposure. I don't want to turn this into btc vs ...
Jack Dorsey’s Spiral Announces Dev Kit For Lightning Network
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Quit fucking around and provide cover fire for ₿itcoin until it makes it out the door
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One of my favorite charts of all time is the Papiermark vs gold. The Papiermark (also called paper mark or Weimar Mark) was the Weimar Republic’s fiat that hyperinflated and went to zero in the early 1920’s. After WW1, Germany was forced to pay reparations for the war. But the reparations were denominated in gold. So predictably, nations that were owed money, banned imports from Germany, and then central banks colluded to manipulate gold. Meanwhile, the US continued loaning money to Germany to make its reparation payments to France and the UK, so that these two could service their war debts to the US. A very disgusting game. Anyway, this all set the wheels of the Papiermark’s hyperinflation in motion. What people don’t realize, however, is that many of the people that bet against the Papiermark (especially those with leverage) went broke before the Papiermark did, even though they guessed the direction correctly, entering their trades as a favorable parabola was forming. How’s th...
My kids taught me about Bitcoin
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I'm so so so thankful for my children for introducing me to Bitcoin in 2020. I'll always think of them as my children but they are my young adults now. I'm so proud of them and the path they took learning about money management and Bitcoin. I'll also always thank them for teaching me about Bitcoin. Now because of Bitcoin that stress and pressure has been relieved for most of my money problems. Who else has wonderful kids who has introduced them to this wonderful world?? Submitted December 08, 2021 at 02:06AM by blainegoss https://ift.tt/3pBtK8f
El Salvador Update : Local small businesses say Bitcoin is easier to use, it has improved sales, connects more people to business, there's no need to go to ATM and it can't be stolen
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Saylor: "Bitcoin is the only asset you can take to the grave. You can always say no."
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It costs 1.76 cents to make a US penny
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For anyone that doubts bitcoin and wants to stand behind the almighty dollar just a penny for your thought. The government figures that it only costs 5.5 cents to make a dollar bill so over all they're up. A nickel costs a little over 7 cents to make. It costs tax payers 118.8 million a year to mint these stupid coins. So why don't they stop? Because it's the US government and bills have come and gone so something as simple as It costs more to make isn't a reason enough. Why back something with that kind of ignorance? Death to fiat. Submitted December 07, 2021 at 08:06AM by No-Introduction-6368 https://ift.tt/3IrgQCo
Don't use Tor for Bitcoin
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For some time now, I've been getting reports from customers that Bitcoin mixers are stealing their coins. I now have a pretty good guess what's happening: It's common for Bitcoiners to use Tor to anonymize their activity. Unfortunately, this has a major risk. For several years now, an unknown attacker has been running malicious Tor nodes to steal users Bitcoin: https://nusenu.medium.com/how-malicious-tor-relays-are-exploiting-users-in-2020-part-i-1097575c0cac Here is how the attack works: Attacker creates many Tor exit nodes so that up to a third of Tor nodes are operated by them. Attacker looks for HTTP requests to crypto sites, especially Bitcoin mixers. Nearly all crypto sites are HTTPS, but users usually do not type HTTPS:// before a web address. Instead, they type the domain name and let the website redirect from HTTP to HTTPS. The attacker strips out this redirect. Because the website session is in plaintext, the attacker can dynamically replace Bitcoin addre...
The largest known BTC whale bought the dip again. It has added 2,702 BTC to its stack today
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Court orders Australian dude to pay real $100 million out of imaginary $50 billion stash he does not control
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Bitcoin Fixes US Monetary Policy explained with Anime
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