Laughing at people losing their life savings. Psychopath.
https://ift.tt/WJnDeNM Submitted December 01, 2022 at 08:30AM by NefariousnessSome945 https://ift.tt/KofsNmc
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Showing posts from November, 2022
Now that Brazil has recognised Bitcoin as a legal payment method does that mean you can buy a house a car etc just like you would with fiat.??
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How to “clean” your BTC if you have purchased KYC?
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Hey everyone. I’ve only used Coinbase in the past, but I’d like to own my BTC anonymously. I know you can purchase non-KYC from DEX’s but how do I clean my Bitcoin that I’ve already purchased through Coinbase? Do I need a new wallet or what do I do? TYIA Edit: I am not SBF 😂 (exactly what SBF would say). I am new to the space and hear debates about KYC and non-KYC all the time. Don’t have enuf btc to be worth avoiding taxes anyways. Submitted November 29, 2022 at 07:09PM by sbred3305 https://ift.tt/hR3QJEx
Fidelity, one of the world’s largest financial services providers, has officially started opening retail bitcoin trading accounts
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Reminder: Fake coins reduce demand for the real thing. If you're not withdrawing the coins you buy to your own wallet, you're enabling no-cost price suppression.
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Welp I just lost over 3 bitcoin that I had on BlockFi. All because they were over exposed to FTX.
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Why is Sam Berkman Freedman still not in Prison yet?
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Why is it taking so long? We all know he is a crook, so whats the deal? Does he evidence against some politician and thats stopping him being in Jail right now? This doesnt add up to be honest. He also has a NYT speech he will be making along with guys like Gates. He doesnt deserve to be anywhere near a great innovator and man like gates, he needs to be locked up in jail. Submitted November 29, 2022 at 07:40AM by IntelligentFun5624 https://ift.tt/wu9qoY4
It seems as though a lot of new retail buyers are coming into the space.
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Hey Guys. I used to run a "Pruned Bitcoin Node". However it encountered an error and stopped working. I have un-installer and re-installed it again from bitcoincore.org (Version 23.0). Now it's just stuck in "Pruning Blockstore" for days now. How can I get it working again?? Thanks
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This is completely insane. I don't think people realise how incredible this is. Bitcoins works.
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2 BTC Questions❓️
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How does 21 million btc scale or spread out for use amongst 8 billion (and growing) people across the earth (not to mention corporations)? I know 1 btc equals 100 million satoshis. But when a company like Micro Strategies already owns hundreds of thousands btc, how does that get distributed amongst the masses? Smart contracts... Btc was not invented for this purpose. Do people not see the value in this technology? Do you not think this tech will be used in the future? You need a L1 to accomplish the use of smart contracts, correct? Will there/can there be a decentralized L1 for the purpose of smart contracts? Submitted November 27, 2022 at 09:20PM by Superuzer https://ift.tt/Now3knt
The technology that created bitcoin was developed over the course of 40 years, and now the world is talking about bitcoin everywhere🚀 and you still wanna quit!?
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Ledger Is Still Promoting FTX: Should You Trust Them With Your Bitcoin?
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Bisq contributor AMA
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Hi all I am a Bisq contributor ( proof ) Bisq is an open source platform for users to buy and sell Bitcoin for fiat peer to peer. It is privacy focused and decentralized. My roles for Bisq are mainly support and mediation . I have been contributing to Bisq for a couple of years and thought it would be good to answer any questions from Bitcoiners in this subreddit as I am currently on a quiet support shift and I have seen an uptick in people recommending Bisq as a result of all the problems with centralized exchanges. Ask me anything! Submitted November 27, 2022 at 02:27AM by pazza83 https://ift.tt/AiCpoXj
Will bitcoin require a massive influx of new buyers for it to rise in price?
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Texas Senator: Congress is Unaware of the Value of Bitcoin, Despite It Being Beneficial
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Good News, Exchange BTC outflows continue: Bitcoin worth $1.5B withdrawn from Coinbase in 48 hours. A total of 100,000 Bitcoin (BTC) were withdrawn from Coinbase in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history. Two withdrawals worth 50K BTC.
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How many times have you read the whitepaper? If none, why?
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Bitcoin: decentralized nonviolent collective revolt against the man
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Is this true? So that makes coinbase the largest holder of btc?
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When discussing FTX, the CEO of CME Group slips up and says he bribed the CFTC on live TV
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A @DylanLeclair_ chart but made relevant to what my family and friends think about me over the same timeframe.
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Stack Bitcoin, not 'Crypto'
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It's been a crazy couple of months with the BlockFi, FTX, and other fiascos. It's a reminder to stop gambling with your crypto. Store it in your wallet, and stack satoshis when you can. It's bitcoin that we're after, not crypto - this has been proven over and over again. Submitted November 24, 2022 at 03:40AM by LightMonarchy https://ift.tt/X6vycKA
Stop telling people to buy a Ledger when they are about to be rug pulled by a CEX
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During the whole FTX debacle, I've watched normies asking how can they take their corn out of exchanges and the most common answers were "easy, just buy a ledger and transfer them there". That is not the most useful advice for several reasons: it might take weeks for their ledger to arrive, it can be already too late in this scenarios, people are scared and fragile, they will most likely make a huge mistake in the rush of the moment (buy from a 3rd party because it's cheaper/faster, storing the seed in their computer, etc) using a hardware wallet is confusing and magical for normies, most of them will not heed that advice if they are scared of loosing their funds. Most people don't even understand what they are, they think their bitcoin is stored there, they don't understand it's just a transaction signing device. There is a much simpler message to broadcast: install bluewallet on your phone, transfer your funds there, worry about getting it to col...
"Bitcoin Lake" in Guatemala. All these places already accept Bitcoin!
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The price of Bitcoin on Thanksgiving since 2010. Stock Market will be closed for the most part of it, so get ready for the new low. Also to maybe snipe something!
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Exclusive: Bankman-Fried's (FTX), parents bought Bahamas property worth $121 million
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If you think El Salvador hurt its people at all by buying BTC; Congrats, elite propaganda works on you.
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Unless you have been living under a rock, you've probably read some Forbes or other paid promo article that vilified El Salvador for making BTC legal tender and holding (or losing, depending what article you read) ~$50M in BTC during the recent bear market decent. Just to be clear, if you believe ES is in bad shape from BTC in any shape or form, you've been duped by the banking elite and you should stop helping the elite taint BTC through propaganda. There are no opinions in here so downvote and hate all you want. Only proves my point further. Firstly of all, El Salvador GDP skyrocketed over 10% annually to $28B recently after a massive influx of tourism and other monetary gains last year. ES has not sold any BTC but let's just say for the sake of argument that they did and lost $50M outright, all 50 mil. $50M is literally only 0.02% of their GDP. Zero point zero two percent. Lol Clearly this hypothetical loss would not affect the country in any way. Not to mention it i...
The plan is to hold bitcoin forever, right?
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I have been buying bitcoin for the past 8 months, in that time I have amassed more than I had planned, I have also learned a great deal about bitcoin, this causes me to buy more bitcoin, and this is the problem. I initially decided to buy bitcoin because it is the safest of all cryptocurrencies etc. and fully intended to sell it When the next bull market was in full swing, I have now learned that it is actually priceless. Now here is my problem, I don’t think I can sell it, ever. I will probably never hold bitcoin at a loss after the next halving. There must be many in the same situation as me. What do you plan to do with your bitcoin? Will you sell it in the next run, or greedily hoard it like Smaug? Or both? What is the end game here? Submitted November 21, 2022 at 11:19PM by UBIQZ https://ift.tt/pl7GZiT
These signs advocating for Bitcoin vs CBDCs are up in multiple locations
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Done Setting Up My Bitcoin Core to Help Validate Transactions and Support the Bitcoin Network!
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Is keeping crypto on exchanges an absolute no-no despite proof of reserves?
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The exchange I am using has ensured proof of reserves: "' exchange name' holds all customer assets on a 1:1 basis." I want to gain interest on my crypto while holding which would be a significant amount when I cash out, however, not sure whether I should do this despite the reassurance from the exchange - I am using a cold wallet. Is exchanges wallets an absolute no? Submitted November 20, 2022 at 12:55PM by Impossible_Ad5208 https://ift.tt/n0ykm6N
Joe Biden will Lead ‘Critical’ Game-Changing and Global Bitcoin Rules After FTX Collapse
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Who bought bitcoin with their stimulus checks? Update
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AI generated picture of a "caveman discovering Bitcoin"
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The FTX collapse is a free market working as it should.
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People who trust their money to fraudsters find themselves broke. They have to pick themselves back up and try again. Every once in a while the market is saturated and needs to flush out all the bad investments and debts. Now the FTX polycule has imploded and it is taking many players out with it. The market is much healthier as a result. Submitted November 20, 2022 at 03:42AM by ToBeBeclowned https://ift.tt/OtfZh1l
FTX collapsing has been the best thing to happen to Bitcoin in recent events.
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People are withdrawing their btc and shitcoins from exchanges now faster than ever. We are finally making use of a decentralised network, the way it should be. People are finally taking the ownership of their digital currency seriously. I honestly believe that there was a lack of understanding and too much trust put into these exchanges. I will admit that only a year ago, I caught onto the 'not your keys not your bitcoin' term. I trusted an exchange too much due to laws in Australia, I was complacent. Fortunately, I have not fallen victim to an exchange. Now, after seeing so many exchanges collapse, no money paid back to the investors. It's a nightmare and people are taking gambling with their money to new extremes by leaving their btc and shitcoins on an exchange. It's not time to redirect the crowd to P2P Bitcoin and shitcoin transactions. I honestly believe we should compile a guide on how to do so and pin it to this sub. It will encourage the correct purchasing b...
100,000 BTC moved from 10k+ BTC UTXOs (exchanges) to < 1 and < 10 BTC (retail taking self custody) this month
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Nayib Bukele announces Bitcoin prescription for El Salvador: 1 BTC a day
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Why Sam Bankman-Fried should face life imprisonment
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TLDR: if you apply US Department of Justice sentencing guidelines to SBF's actions, he should be sentenced to life in prison Apparently prison time is determined like a reverse video game, the more points you acquire, the higher your "Offense Level" and the more months you spend in PMITA https://www.ussc.gov/guidelines/2018-guidelines-manual/2018-chapter-5 43 is the maximum Offense Level and sentencing guidelines recommend life imprisonment even for first-time offenders. There is a 600 page rulebook that determines your Offense Level https://www.ussc.gov/sites/default/files/pdf/guidelines-manual/2021/GLMFull.pdf What SBF's law professor dad is probably reading right now: THEFT, EMBEZZLEMENT, RECEIPT OF STOLEN PROPERTY, PROPERTY DESTRUCTION, AND OFFENSES INVOLVING FRAUD OR DECEIT If the loss exceeded $6,500, increase the offense level as follows... ...More than $550,000,000 add 30 So based on the $6.5 billion hole we're starting at level 30 (Apply the g...
finally bought my first hardware wallet. After a week of sleepless nights, I can now safely store my 0.001 BTC.
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Fake bitcoin has a dangerous effect on the real bitcoin market. Here's a lesson on how the supply of bitcoin is being manipulated and what we can do to fight back.
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Bitcoin isn't ready yet.
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We say, "self custody - hardware wallets." It sounds so simple. Until you dive in. I was explaining to my parents that they should get a hardware wallet to purchase and self custody. I didn't want to just tell them exactly what to do, I wanted them to feel like they understood. So when they asked what to get, I started walking them through it. First, choose a wallet that is bip39 compatible. I got my first "are you serious?" look. But we got past that. They said, "ok, so if the wallet is industry standard, then if that wallet breaks and I get another one, I just enter those seed words and I'm fine?" Hmmm... not exactly. The new wallet will have to have the same derivation path, or you might not have access to the same addresses. So I told them to just buy the same wallet. They asked, what if that one goes out of business? Or if the government bans them and they can't get another HW. I said, just get a software wallet on your phone. But the...
These emails reveal which exchanges you shouldn't trust. The only place anyone should be holding Bitcoin is in self custody.
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Blockfi staff deleted their page. Please share, you shouldn’t hide
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Mainstream media trying to paint an innocent picture of SBF: "expanded too fast and failed to see warning signs", WTF?
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Kevin O'Leary says SBF is a “brilliant trader” & would still invest in his projects again even after he was exposed as a liar and fraudster 🤡
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fool me once shame on you. fool me twice a fool can't get fooled again. GW Bush
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The average person will never be able to accumulate more than 262,500 sats (~$45 USD). And that number keeps declining.
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Everyone is Focused on FTX...Meanwhile Shell is Expanding into the Bitcoin Mining Sector
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$40 Million Dollar Hedge Fund Loses Everything on FTX - Would Have Been Safer to Buy & Self Custody Bitcoin
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This is how I slept at night knowing my coins are off exchanges and secured by my ledger.
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If FTX really had almost 0 bitcoin on their exchange and was selling IOU's...
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The FTX Scam Is Indicative of a MUCH Larger Problem - America's Elite Have Been Using the Same Schemes to Fleece the Middle Class for 100+ Years
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Michael Saylor: The FTX collapse is an expensive ad for Bitcoin.
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Beware of these Finance You Tubers. They literally earned a fortune by shilling FTX, Blockfi and what not. This is Andrei Jikh who was shilling Blockfi in his every video. BEWARE AND DYOR!
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Can somebody confirm if this is truly happening now? Is this a hack happening in real-time?
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Hundreds of millions of dollars are now flowing out of FTX wallets, some speculate liquidators but it's late on a friday night, not typical times for such rapid heavy movements. Some withdrawals are being swapped from Tether to DAI. Hack or insider actions? $26 million here - Tweet from u/Foobar https://twitter.com/0xfoobar/status/1591261359152705538 Submitted November 12, 2022 at 09:44AM by BenLoman https://ift.tt/4hgGjYV
In case you're completely out of the loop about what's happening this week, here's the most concise rundown of the FTX/SBF situation
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What was going on during the 2018 crash bottom? Were exchanges going bankrupt? was china banning bitcoin? refresh my memory
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Fidelity to enter crypto trading next year! This will increase credibility in the exchange space and future regulations will drive up prices of BTC and crypto!
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That brings much needed credibility to this space AGAIN and will stabilize and even drive up prices of BTC. https://www.fidelity.com/crypto/trading Fidelity survey also found out 74% of institutions want into BTC. So my main point is that There are major buyers (INSTITUTIONS) waiting on the sidelines for regulations to kick in! When they do kick in, these firms will buy!!! Stop panicking and selling! https://blockworks.co/news/74-of-institutions-plan-to-buy-crypto-fidelity-survey/ Submitted November 10, 2022 at 05:01PM by puppy-baby-monkey-99 https://ift.tt/ky0gZul
Saylor on CNBC: Speaking for all the Bitcoiners, we feel like we're trapped in a dysfunctional relationship with "crypto" and we want out
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My node does not care about FTX. My node does not care about price. It just runs… bear market, after bear market, after bear market… until forever!
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My question is, who is selling BTC at 16,000? I can't imagine there is lots of liquidity at this price. can someone please explain?
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Me and the fellas on our way to find another centralized exchange to custody our funds on
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What the f*** just happened guys??? I don't get it. this is ridiculous!!!
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The Bitcoin community must unite and pressure Congress to abolish capital gains taxes on Bitcoin transactions.
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Well, well, well, looks who's back... It's the one and only... (Post the finishing of the sentence in the comments!)
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Monthly reminder that centralized exchanges can block your Bitcoin
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Today it's FTX, but this can happen to any centralized exchange. And it has. Many, many times. This is why you should not keep your Bitcoin in exchanges. This is why you should learn to use a DEX, P2P markets or any alternative that does not custody your coins for you, or at the very least does so only for the bare minimum amount of time necessary for an exchange. Submitted November 08, 2022 at 07:47PM by flix2 https://ift.tt/zoMuWBl
FTX appears to have stopped processing withdrawals after their shitcoin implodes, on-chain data show. Not Your Keys, Not Your Bitcoin.
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Digital euro may have transaction limits and store-of-value caps
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If you don’t know where the yield is coming from, you are the yield. #BTC
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In 2011, user Casascius minted 11,000 btc in tamper-evident, physical coins and bars. There are only 2 bars in the world left unopened.
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Remember when a news like this would cause a minimum 5-10% drop. BTC has come a long way.
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Lebanon another Domino to Fall in the Unstoppable Wave of Bitcoin Adoption
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Public Service Announcement: get your money out of FTX immediately.
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Just updating from Venezuela, last week 27 BTC were traded only measured using LocalBitcoins!
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Hi, I how are you doing? I like to post this here in the Bitcoin subreddit! Hi crypto friends, it's me just updating this week data. This week has been crazy, exchange rate went up and now monthly minimum wage is less! Also Central Bank released the inflation data: September - 28.7 % Octobre - 6.2% This is MONTHLY! Monthly minimum wage at 130 Bs. at the street exchange rate (9.68 Bs. per USD) is around 13.4 USD MONTHLY at the official rate (8.6 Bs per USD) is 15 USD MONTHLY. Average wages are around 100 USD monthly. One BTC trades around 207,000 Bs. (Bolivares) This is only a gauge using LocalBitcoins as they have public stats. Others exchanges used are Binance (the king), Reserve among others. People use crypto to escape inflation (even stablecoins), to receive remittances from family abroad and also to exchange and trade as worldwide (adding the fact that mining here is really cheap, as electricity so far is free). Years ago having anything different that Bolivares (w...
Slowed down 3.7 second visualization of a Bitcoin block being propagated across the global peer to peer network of nodes
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I created a website with 15 million products to shop with Bitcoin and 150+ cryptocurrencies
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I don't know, if this idea is good or not, but there are no websites where Cryptocurrency enthusiasts can shop million of products with cryptocurrency or Bitcoin without converting it to Fiat. So I created a website where people can shop with cryptocurrency. Website: https://www.alibitress.com/ All suggestions are welcomed. Submitted November 05, 2022 at 09:23PM by alibitress https://ift.tt/VtBGIuv
Real Food Inflation in Poland for a product with little innovation.
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How to build an web store with untraceable Bitcoin payment.
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I don’t know much about Bitcoin. I only know basic thing, but I had an business idea and that will only work with untraceable Bitcoin payments. Can any one help me? Where should I start? Thanks For everyone saying m0nero thank you but Reddit is hinden the comments about m0nero Submitted November 05, 2022 at 04:24PM by sarm6 https://ift.tt/6Nkyxfr
Dropped gold (and silver) and lesson learned
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So I finally got tired of paying big carrying costs to store my rather modest pile of precious metals that cost of fair bit each year to store and carried a lot of third party risk. Let me tell you it's not cheap to store precious metals. So I go to sell my precious metals and I discovered a couple things. First of all despite the hyperinflationary environment in the Western world, my precious metals dramatically underperformed even just a typical dividend paying stock over the exact same time period when you add stock appreciation and dividends. And of course it far underperformed Bitcoin. Secondly (and helping to explain the first point) the spread was just brutal, about 6% on the gold and no lies 20% spread on silver between bid and ask at the large broker where I unloaded it. Sure I could have gone and sold it privately somewhere, and risked getting counterfeit bills, or maybe mugged for my trouble. Periodically I've defended precious metals on this sub saying there is ro...
Jack Mallers Playing Darts with Peter Schiff (Ted Lasso)
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I came for the money, I fell in love with the philosophy
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I believe Bitcoin will continue to exist until the end of human civilisation, like the concept or Pi or the Maxwell equation. I’m not sure about the price (in fiat or vs CBDC) compared to S&P500 (gold underperform S&P), I wouldn’t be surprised if they suppressed the price for the next 10/20 years but at the end I don’t really care anymore. It’s such a beautiful and powerful invention Submitted November 05, 2022 at 04:40AM by zeitgeist785 https://ift.tt/FqK8JdA
"Why are we teaching people things they're not supposed to learn?"
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My lunch with J Powell
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So J Powell and I were heading out to lunch the other day. ”Damn, I forgot my wallet,” said J when we got to the restaurant. “Can you loan me $100?” ”Suuuure…” I said, wondering if I was being punked. So I pulled out my wallet and started to hand him a Benjamin. ”Oh!” he said, “loan me $100 but only give me $50 now.” I thought it was weird, but I complied. ”Great!” he exclaims. ”Now I owe you $50 and you owe me $50 so we’re even!” And this is why you never go to lunch with J Powell. Both of you will eat YOUR lunch. Submitted November 04, 2022 at 10:07PM by liv2cod https://ift.tt/E7djcKT
Old screenshot I just found from 7th December 2017, what the hell happened on this day?!
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Problems with a bitcoin monetary standard
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I have been a bitcoiner for a few years now. I am currently in an advanced (Keynesian) macroeconomics class and it has made me question some things. If there is a bitcoin monetary standard in the future… how will businesses get credit/loans to operate their business? Without credit businesses would innovate much much slower, productivity would go way down. Less employees they can hire, etc. It would be much harder to get a business off the ground, and take so much longer to build up a business than if you had cheap credit. (I understand the consequences of cheap credit) Hence there must be bitcoin “banks” or exchanges that distribute value between savers and borrowers. Since bitcoin is decentralized and no protection from a central bank, I can imagine there would be bank runs all the time. The loans to borrowers would be very illiquid and the liabilities of savers who deposited their bitcoin would be very liquid. This is what happened during the Great Depression. Hypothetically, a...
Fidelity Offering Bitcoin Access Soon
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Wanted to share what I think is positive news. While logging into Fidelity this I saw that they’re going to be offering “Fidelity Crypto” soon. They’re going to sell Bitcoin and an altcoin. This is a big deal imho because it normalizes it for investors without the ambition to search out how to actually own it and also isn’t futures related or stock in companies working w it h crypto. I know, not your keys not your coins, but still it’s great to see one of the biggest investment platforms offering the ability to own Bitcoin. Submitted November 03, 2022 at 08:02PM by ElotElot https://ift.tt/ErtVOof
Santander impose £3,000 per month limit on Bitcoin related exchange transfers from the UK. The escape routes are constricting...
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In relation to my earlier post I was unable to find this image of the whitepaper compressed into one page in a really high resolution so I recreated it myself!
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Bitcoin is just software. The protocol is bound by the laws of thermodynamics and mathematics, if the following conditions are maintained:
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Saylor: "Until January 3rd 2009, nothing on this earth that you think you own do you own except at the pleasure of someone more powerful than you. January 3rd 2009 is the singularity where for the first time in the history of the human race, you had property rights."
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South African Retail Chain Pick n Pay Expands Bitcoin Payments to 39 Stores
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Daily Discussion, November 01, 2022
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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 01, 2022 at 10:10AM by rBitcoinMod https://ift.tt/7asXwoC
Edward Snowden refers to CSW as a "miserable corncob"
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