The Federal Reserve has $910 billion in losses
https://ift.tt/O1AiFHC Submitted August 01, 2023 at 01:43AM by bitsteiner https://ift.tt/GbZrAPJ
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Showing posts from July, 2023
Margo Robbie Claims Talking About Bitcoin Makes You A 'Ken'
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The value of your entire life's work replicated in 2 minutes
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Remember in 2020 when Jerome Powell admitted to "simply flooding the system with money"?
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SEC asked Coinbase to halt trading in everything except bitcoin, CEO says
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SEC asked Coinbase to halt trading in everything except bitcoin.
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Is worth buying a hardware wallet?
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I'm 16 years old and started stacking satoshis for about a year. So, I actually use Tails + Electrum (BIP39 seed generated by Ian Colleman tool), it was the cheapest way to start stacking since, because I didn't had a job or money income. And now I have a considerable stack and want to switch from Tails + Electrum to a Hardware Wallet. I search on internet and there's people saying bad and saying good about these hardware wallets (Ledger/Trezor/Coldcard and others) Do you guys experts suggest me an specific brand of hardware wallet? I was buying a Ledger Nano S Plus but I saw too much negatives feedbacks about it. So I regret it. I'm actually a novice on Bitcoin and don't know what is the best option to this. (I actually use Bitcoin for Inflation Resistance cause I live in a bad economic behavior country + Money Saving [ Actually 76% of all my income because I live in my mom's basement and don't have any serious thing to do with my money ] ) (sorry...
Fun Fact: If Bitcoin's USD value reaches $1,000,000, then 1 Satoshi = 1 Cent.
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I orange-pilled my coworker and he was actually listening.
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I may have planted the seed of another bitcoiner. I just have to make sure this plant gets water and sunlight to grow. My coworker is typically known by other coworkers to be on the quiet side. But whenever we work together, we are able to talk naturally. Probably because we are a similar demographic. Yesterday he asked how bitcoin was doing. I then go on for two hours about bitcoin this and bitcoin that. Usually people cut me off by that time, or they are mentally checked out of the conversation (in one ear out the other). But I knew he was listening because he was asking questions. And when he understood what I was saying, he would re-word it in his own way. I could tell he was really learning and I'm glad he had an open mind instead. Things I said: - There is only 21 million bitcoin forever, it's impossible to print. USD is printed unlimitedly. So unlimited dollars get divided into 21 million units, making each of those 21 million units more valuable. - SP500 grows 7%...
Thinking of using Electrum wallet…
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My BTC has been in cold storage in a paper wallet for some time. Recently read of someone getting hacked from a paper wallet, which has quite scared me! So today I was looking into wallets. I’m not too keen on a hardware wallet, so looking at software wallets I found Electrum to be very feature rich and rated good or acceptable across the board (according to bitcoin.org). Before using it, has anyone got any gotchas, tips, or advice? Especially when it comes to transferring from the paper wallet to Electrum. Or if you think there is a better software wallet (Windows compatible) let me know what it is and why. Last, I noted that Electrum does allow connecting to a hardware wallet. Am I missing anything in terms of security or usability by not getting a hardware wallet? Submitted July 30, 2023 at 05:33PM by Dramatic-Battle-9737 https://ift.tt/NTc6lMd
😇 Legendary quote by Satoshi Nakamoto, said 13 years ago at bitcoin price of $0.07! «If you don’t believe me or don’t understand - I don’t have time to explain it to you, sorry»
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why do you need a cold wallet?
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If you are saving bitcoin in cold storage, long term, for the future, why do you need to have a ledger/cold card, when you already have your 24 word key? If you have no intention to trade or spend your coin isn’t the electronic device just another potential point of weakness? Isn’t it safer to just preserve your private word key? Submitted July 29, 2023 at 03:03PM by btcadopter https://ift.tt/pa1bWfA
WikiLeaks, after Mastercard, Visa and other major payment processors illegally blocked payments, turned to Bitcoin and made 50,000% returns. People still wonder what usecases Bitcoin has.
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After WikiLeaks was blamed for sharing classified information that the US government didn't like at all, the US Government illegally forced payment processors including Visa, Mastercard, PayPal and others to block payments to them. Come June 2011, when they started accepting Bitcoin donations. In fact, they wanted to do so earlier, but Satoshi himself asked Julian Assange not to turn to Bitcoin, because he thought that since it was in its early stages, the government interest in Bitcoin would bring unnecessary trouble for them. Here's what Satoshi had to say about it: "The project needs to grow gradually so the software can be strengthened along the way. I make this appeal to WikiLeaks not to try to use bitcoin. Bitcoin is a small beta community in its infancy. You would not stand to get more than pocket change, and the heat you would bring would likely destroy us at this stage." Julian Assange agreed with this, and decided to wait it out. Half a year later, in...
🍉 A polite reminder that bitcoin is the best and there is no second best! 😆
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Satoshi on Bitcoin exactly 13 years ago. The most legendary quote
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I just showed my parents how bitcoin and lightning network works
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…and they’re beyond astonished! They’re both in their 60s and I am so grateful that they’re taking an open-minded approach to this new technology. That was a tldr Now for the story I’ve started reading The Bitcoin Standard and my parents got curious on why I’m reading it as they’ve hardly seen me reading any books. This is when I started prepping the orange pill for them. I took in a deep breath first. I explained how bitcoin not only works as a currency, but also as a payment network and a store of value. Told them about mining and how difficulty increases every four years. Talked about its decentralized character and how no one could print it, effectively preventing inflation. Compared it with gold, explained how it’s even better (as they’re huge believers in using gold as store of value). The moment of truth came when I downloaded a lightning wallet in my dad’s phone. Let him scan his phone using mine, and within 2 seconds, he received the fund. I told them this action just ...
Softwar by Major Jason Paul Lowery has been banned by the Pentagon. Request for bitcoiners to make available online
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Today Major Jason Paul Lowery tweeted: "For those asking what's been going on w/me, I was ordered to take SOFTWAR down & asked to stop talking about the subject publicly. Doesn't appear on MIT's library either. Can't talk details but things are good & I'm working hard behind the scenes. Appreciate the kind words." Source: https://twitter.com/jasonplowery/status/1684637080029196288 I ask bitcoiners who bought the book or have it in digital format to make it available for the world. It has been pulled from MIT and Amazon. It's not available on Library Genesis either. The powers at be want to silence something that appears on this book. We must fight this censorship! Submitted July 28, 2023 at 02:07AM by Murtux https://ift.tt/3S61XuP
📸 A piece of bitcoin code responsible for subsidizing miners and halwings Satoshi Nakamoto doesn’t have to show up at press conferences to decide the interest rate in relation to inflation. All the moves are written 117 years in advance (the last bitcoin will be mined in 2140)
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Bitcoin Magazine engages in scams like creating NFTs for profit and the broken BRC20 protocol
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This is your reminder to avoid Shitcoin Magazine. They have a long history of promoting scams, even being owned by shitcoin creators like vitalik, hosting shitcoin riddled conferences, but producing and selling scams to bitcoiners is beyond the pale. Shame on you David Bailey. They are also blocking any users who call them out on the scammy behavior they are engaging in. Don't enable these companies harming your peers by shilling and creating scams for profit any more. Submitted July 27, 2023 at 09:52PM by MrRGnome https://ift.tt/MH3pveZ
Tipped a bartender in Kinira, Thassos, Greece. The guy was ready to download WoS immediately after my suggestion. I like to offer tips in satoshis instead fiat.
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"Bitcoin Will Rise Above Fiat" - Billionaire Tim Draper
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Found lost Bitcoin and other wallets information, not sure what to do now
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I'm not 100% sure if this is the place to ask but I don't know what else to do I recently bought a book online from Goldstones, and found 2 piece of paper inside. For obvious reasons I wont add pictures, but I will list what I found on them An email under hushmail that no longer works - tried to email but got error response Username and Password for multiple websites One unknown, maybe the email? Slushpool Worker Dogepool Darkcoin Orridge Bitcoin Wallet ID, name and Root key Although I'm fairly ignorant of bitcoin I know how important alot of this information is for someone and their security I've tried to email the hushmail account, as well as find the owner of the wallets via the multiple usernames on the papers but to no avail What should I do with this data? Thank you for any help EDIT 1: Against my initial judgement I tried to log into the armory account and the log in failed. Whether this was due to my own mistakes or the inform...
The real price of out-of-thin-air money: UK taxpayers faces £150bn bill to cover Bank of England’s QE losses
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How minimalistic are you living?
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Just wanting to get a feel for what others are doing as I know no other Bitcoiners IRL. I’m 32yo and got married in 2020 around the same time as we experienced lock downs. My work moved to fully remote, so my wife and I moved in with my parents to save up for a down-payment on a house. I had always been interested in BTC but really started studying it once I was making enough money to invest the excess after bills. The more I began to understand Bitcoin, the more I realized it’s an extraordinary time to stack sats and went all in. 100% of net worth going into BTC. Bought at 16k, 65k and everywhere in between. Conviction leads to laser-eyed focus. I went from making $50k in 2019 to $270k last year (software engineer) — saved on rent by living with my parents and eating at home, and stacked like a mad man. My wife is on the same page and understands this is a temporary situation for a better future. Some family members don’t get it but they don’t need to. What measures are y’all tak...
Can you move Bitcoin to a different wallet if you have a 25th word seed phrase?
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Books for beginners?
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Hey guys, quick question.. I’m just getting into bitcoin and I have a decent grasp on it.. the basics that is. At the moment though I’m in a work release program for a couple months and I barely have access to my phone. I’d like to learn and brush up on the subject. I like to know what I’m talking about and fully understand it. Anyone have any good book recommendations on bitcoin for beginners that I can sit down and read while I’m in this center? Thank you in advance. Submitted July 25, 2023 at 06:57PM by Trippplecup https://ift.tt/IopQNHd
End game Bitcoin theory
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So, been buying bitcoin for about 3 years now and am starting to realize something. The secret is out, big banks and governments get it. They get that bitcoin is the end game of currency and they need to start participating or it's very possible that they won't be needed 20 years from now. However, lots and lots of people still don't understand bitcoin and possibly worse, maybe people see it as something they want to buy, but then sell later when it gets to $100k or $200k per coin. However, even at let's say $200k, you'll need to sell your bitcoin to someone, and who's going to have the USD cash to buy your bitcoin, it's going to be the banks, the blackrocks, the vanguards, with infinite money supply and eventually, let's say 10+ years from now, they can simply run up bitcoin to $1 million USD per coin and buy every single coin in circulation. Once they have all the bitcoin, they'll create a monetary system based on bitcoin so we all feel good about...
Bitcoin Doesn’t Need Acceptance From Governments, Central Bankers, or Wall Street Finance Giants. The only acceptance that counts is that of the people, and Bitcoin already has that.
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Mass hacking of over 1000 bitcoin accounts...
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Hi everyone! In this post I’d like to discuss a very strange situation that happened on July 12 this year with my (and it seems not only mine) bitcoin wallet. Some input about my setup Since 2018, I've been using a Bitcoin Core wallet (full node, but slightly cut down with a log block limit of about 30 GB + headers, etc.) on my own server (Ubuntu 16.04). The wallet was used not only to store BTC, but also periodically to deposit and withdraw BTC. Interacted with the node locally on my server. The mnemonic for the current wallet was generated in 2020 using this library: bitcore-mnemonic + bitcore-lib . The mnemonic was stored on the server, and also in my encrypted file with keys (strongbox), I did not decrypt it and did not use it in open form from the moment it was generated and placed in the wallet, because there was no need for it. Several backups of wallet.dat also resided on the server and never left it. Only I exclusively had access to the server via SSL, it was done f...
Long-term BTC holders already hold 75% of the cryptocurrency's supply
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Since Jim Cramer advised investors to sell, Bitcoin has increased 20%.
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LIVE REPLAY: watch the exact moment the 800,000th #bitcoin block was mined 🥳🎉
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We just reached block 800000!!!
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We made it to 800000 blocks! We should celebrate the continuity of the network for all of these years. Security, decentralization and transparent store of value, securely working non-stop for 800000 blocks. Congrats everyone! Can't wait to 840000 blocks now!! https://preview.redd.it/31vzqcqtztdb1.jpg?width=2468&format=pjpg&auto=webp&s=7fd37822d77c4668722213b2af41df0c9996c7be Submitted July 24, 2023 at 08:21AM by IndependentSpeck https://ift.tt/UOQp1VG
Daily Discussion, July 23, 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 23, 2023 at 11:03AM by rBitcoinMod https://ift.tt/0iA6ws7
Anyone ever try to exchange pre 90's Mexican Pesos for USD at the bank, because you can't. A case for BTC.
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This was a little wake up call about world fiat, it's super temporary. I was given about 1000 MXN Pesos recently that are from the 1980's thinking I'd get roughly $60 (the current rate). I assumed I could exchange this for USD at my bank, which you can, but not these Pesos. They are too old. I guess Mexico issued a new Peso system that makes these notes "expired". This just increased my confidence in the case for BTC as money. I also have some old USD Bills from 1934 that arent worth much more than their face value after researching, and are only becoming worth less due to inflation of course. I'm not even sure they will necessarily accept those, even though they absolutely SHOULD. I will see if they do accept them, and if so, I'm buying BTC with the proceeds. Submitted July 22, 2023 at 09:58PM by flackattack https://ift.tt/CABfNky
“In a free market of currencies, the hardest money always wins”
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For those of you wondering about the future success of Bitcoin, and/or invest in altcoins, this is a really important concept IMHO This was a quote from Matt O’Dell recently on a podcast. It really resonates to me, and most importantly is consistent with human history and human behavior. Money throughout history has only been an idea of “what value represents” evidenced by things that were used as money in the past such as sea shells and large stones as examples. Gold of course won in this “free market” in the past, given some of its similar properties to Bitcoin I see the current marketplace of digital money in the same way….for me it’s logical that this marketplace of “cryptocurrencies” exists, as people try and figure out through trial and error what is the best money. But again IMO, Bitcoin is it. It’s digital gold, and there is nothing else that will displace it. Submitted July 22, 2023 at 05:15PM by Neat-Finger197 https://ift.tt/JZW5lzk
Asteroid with $10 quintillion worth of metals edges closer to US reach
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Just received the payment of my first legit job via a Bitcoin invoice, so excited I had to share!
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Joe Rogan's last bitcoin episode was 7 years ago, why hasn't he had another since?
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Some of you may have seen my ring already, but it really starts amazing conversations as it’s hardly unnoticeable. I only wear it during friends gathering, and there are always new people coming and curious about the meaning of it. It’s a way to make the world more informed about Bitcoin.
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Daily Discussion, July 20, 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 20, 2023 at 11:07AM by rBitcoinMod https://ift.tt/VxNykCc
Running a full node. Now how to lightning ?
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I have a decent understanding of how bitcoin and lightning network work by now but I wouldn't call myself advanced by any means. I want to get your guys views on how to go about getting started with LN. What apps do you guys use ? and is a personal server needed ? any useful guides ? Submitted July 19, 2023 at 02:21PM by shishinia https://ift.tt/0mePOqY
Block #800.000
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According to my calculations, we will mine block Nr. 800.000 on July 24th (CEST). I really wanted it to be mined on my birthday which is literally a few hours later on July 25th. Can we pls slow down the hashrate to a point where the difficulty can't properly adjust so we actually get that block a day later? Thx! /s Submitted July 20, 2023 at 05:39AM by JohnCena_770 https://ift.tt/E7LZ3mM
I think coinbase is scamming me. The company not a random person
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I bought a whole Bitcoin on June 28th. I waited a week and tried to send it. It said my Account was restricted. I contacted support which is only available through a chat feature and asked what’s up They said the earliest I can receive my own bitcoin was sept 1 at the earliest I asked if this was in their terms and to point me to where it says you have to wait over two months to send your own Bitcoin to your own wallet. They didn’t respond to that. I then asked to talk to a human. They said ok someone will call me. Luckily I said “when?” They said 2-5 days. Today is day 7. No one called I contacted their support again today and they claimed “coinbase does not provide call support” I then said “so the agent before you lied to me” They then suggested that I wait till sept 1. Is this legal? What do I do? This seems so unbelievably scammy. And the worst part is my grandparents died and they left me 36k so I bought a Bitcoin with it trying to be responsible. Can you imagine 30k f...
/r/place is tomorrow. Lets organize to ensure the bitcoin logo has its place!
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Cathie Wood explains how Bitcoin is a hedge against both inflation and deflation
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Robert F. Kennedy Jr. Unveils Bold Strategy: Backing Dollar With Bitcoin, Proposing an End to Bitcoin Taxes
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Came for the moon, stayed for societal improvement
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Just my humble opinion: My story of BTC discovery likely not unusual…scoffed at it in 2018 and made fun of the people who stayed in at $20,000 when it went to $2000. Dabbled in altcoins before realizing that BTC is the 800 pound gorilla in the room, finally bought in 2021. Haven’t looked back since. All this to say: humans think in linear terms, but (again just my opinion) we are going to see exponential growth in BTC “down the road”. I’m actually happy when it dips, since I can accumulate more sats. One day again “down the road” I hope to borrow against it with a (by then) reputable BTC lending company. IF one/several BTC ETFs get approved, this is going to catalyze a lot more investment in BTC, as reportedly there are trillions of dollars waiting on the sidelines for an “easier” way to invest. All this to say, PA between $15,000 - $69,000 is irrelevant, and since 70% of all coins haven’t moved in over a year, there must be plenty of others who share my opinion Submitted July ...
Joe Kernen to forgotten actor: "You said you did a deep dive, but it only took me 20 pages of The Bitcoin Standard"
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"It's left gold in the DUST" Michael Saylor dropping Bitcoin truth bombs.
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Binance sets Lightning withdrawal fee higher than Binance chain, while most other exchanges have free Lightning withdrawals
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Somehow I missed this one: California passed a bill through the Senate and it's almost all the way through Assembly, if it passes and becomes law it would limit bitcoin and other "digital currency" kiosk use to a 1,000 dollar limit per day. I don't use kiosks but oppose this bill on principle.
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Would a company that runs a Bitcoin ETF have to buy Bitcoin or would they sell unbacked IOUs?
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When Blackrock and other companies finally get the green light to run a Bitcoin ETF, how would that work? When investors put money into the ETF, do they buy Bitcoin for it? Or do they do nothing and just tell you "If you want to sell your shares again, we'll by them for a price that matches the ROI you would have had if you invested in BTC"? Submitted July 17, 2023 at 05:49PM by ArtTimeInvestor https://ift.tt/U8W6cKq
Max Keiser knew in 2014 that the world's largest asset managers would need Bitcoin
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Endgame: US Federal Debt Interest Payments About To Hit $1 Trillion in 2023
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The Gold Bugs are advertising Bitcoin's permissionless utility....
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'The Peter Schiff Show,' episode 907, July 16, 2023, 'Dollar Breakdown Confirms Lower Inflation Is Transitory".' Time stamp: 14:35. Bitcoin's incentives are so strong that even its loudest critics will advertise (consciously or unconsciously) its usefulness to the Individual. In this case, and for several minutes, during this episode, Mr. Schiff points out the obvious/correct reasons why an ETF is unnecessary for accumulating and self-custody of bitcoin. Unfortunately for his gold stocks, he also advertises why bitcoin is a more competitive option to storing wealth than gold. Thanks Mr. Schiff! Keep doing good work. I wonder how long it will take before Peter Schiff starts accepting satoshis for his hard work....when he does, I think he'll no longer bother spending his time shilling supplements and geriatric-targeted ads. Submitted July 16, 2023 at 09:28PM by enormouskrakenballs https://ift.tt/mqu6MBD
A buddy of mine bought a scam coin.. he is no longer my buddy
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Lol this idiot was trying to convince me all the time to buy this shitcoin (im not gonna name it so I dont shill) but he always kept telling me how he was going to get rich ans how I am playing it dumb always buying bitcoin and missing out. Well this coin lost 87% of it value now and he has not spoken to me since 5 months lol and at work avoids me. He doesn’t even look at me lol. Submitted July 16, 2023 at 11:35PM by cryptoman9420 https://ift.tt/zYEDjvA
Nobel Prize-winning Economist Says There’s No Need For The Fed To Keep Hiking Interest Rates
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Daily Discussion, July 15, 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 15, 2023 at 11:02AM by rBitcoinMod https://ift.tt/k5MHyaY
Schotter Illustration Studio is accepting BTC and other cryptocurrency
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How to Bury a Bitcoin Backup: lessons learned from a multi-year experiment
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Spotted in the wild: A prime example of the fallacy fallacy
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The Final USD Price
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The Legend, Hal Finney, in 2009 predicted a price for BTC if it were to become the world's dominate currency and calculated a price of $10 million USD per BTC. Amusing Thought Experiment Since then, coins have been lost, fiat inflation has continued to do its thing but so has Bitcoin. So this brings me to my question, is Hal Finney's amusing thought experiment equal to the final USD price? When BTC hits a USD price that makes it equal to the worlds wealth ($10 million USD in 2009), then the entire planet is denominated in Satoshi's. When every good or service can be paid for via Satoshi's and Dollar's is when we see Dollar's become irrelevant. I feel that in the future Finney's Amusing Thought Experiment will be viewed as the Final USD Price. Arguably up there with E =MC2. Submitted July 15, 2023 at 05:16PM by mikeb550 https://ift.tt/bEQqTft
I built a free chrome extension that changes usd prices on screen to Sats when a price is highlighted
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Hi everyone. I used chatgpt to make this free chrome extension so when I’m browsing the internet I can see real time how much a product costs in sats. It uses coinbases spot price api which I think updates once a minute. Here’s the link Hope you all like it Submitted July 14, 2023 at 10:12PM by paulatial83 https://ift.tt/nD3S0tA
Request to change the Bitcoin logo at 1 million dollar Bitcoin
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Hey! It’s hard to find silent voice march and this made me very happy!
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So you're telling me that 7% yield for everyone on the planet was a lie?
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Novgorotz on Bloomberg: "US Government selling their Bitcoin right before ETFs likely approbation makes them not the best of traders". - Selling your Bitcoin is not a smart idea regardless
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How to spot a scammer? They all talk shit about "bitcoin maxis"
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The first Bitcoin spot ETF has been approved in Europe and will debut at the end of 2023
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ETF Filings Could Inject $30 Trillion Into Bitcoin Market
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Bitcoin Isn’t a Way of Life, It’s Normality Once Again Accessible to All. Simply admit that Bitcoin is our best option for living life on our own terms.
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How many of you won't sell a single satoshi until you're spending them as the accepted global currency?
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Volatility incoming, baby. It’s gonna be a fun ride. Fasten your seatbelt. Embrace volatility. #Bitcoin
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Christine Laggard admits the Digital Euro will be about Control
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Pheonix Wallet is Making some Amazing Self-Custodial Lightning improvements!
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Standard Chartered sees upside to its 2024 bitcoin target of $100,000
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The largest chain of stores in Croatia (Konzum) started accepting crypto!
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What's the story here? This is looks like it has something to do with Binance. Any clues?
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Does non-KYC even matter at this point
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I’m guessing 95%+ of the bitcoin owned is KYC. As an American privacy is certainly important to many of us. But what are some reasons that KYC is just fine, in your opinion? We could always just move countries if we have to but like when crossing the border the today, they still ask if you’re carrying over 10K of cash. Couldn’t they do the same with bitcoin if they know you own it? Submitted July 10, 2023 at 05:48PM by SecretPrimary7181 https://ift.tt/59pCtQD
Why are you not using Bisq?
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Genuine question, no virtue signaling involved. If you buy or sell Bitcoin regularly and use something else, I'm curious as to what factors makes you prefer other options over Bisq. For those of you unaware of Bisq , it's a decentralized exchange that allows exchanging Bitcoin and Fiat peer2peer. Submitted July 10, 2023 at 06:58PM by bertvanhouten https://ift.tt/En5N9Ge
How can a nation state realistically adopt bitcoin as reserve currency?
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Is it possible to buy large amount like billions? How do they do it? Also, how does a nation state custody the bitcoin? multisig among ministers? How do you handle the job change? Seems that it is riskier and more difficult than having gold bars in a vault. Submitted July 09, 2023 at 11:11PM by traviszzz https://ift.tt/SXv1tFO
When will we be no longer able to say We are still early?
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Daily Discussion July 09 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 09, 2023 at 11:01AM by rBitcoinMod https://ift.tt/Js0hcnR
One of the things about bitcoin that i really like...
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... is that a lot of the people who are early adopters are wise and ethical people. they understand keeping an open mind, the see the inherent unfairness of fiat system, they have a low time preference, they are smart, they care about the future generations. the fiat based, hyper-capatalistic, uber consuming, system rewards greedy psychopaths who will step over their own mother to make a buck. id much rather have the wise, empathetic visionaries at the controls, ya dig? and we will! Submitted July 09, 2023 at 12:48AM by downtownjj https://ift.tt/TLyJQB3
The Euphoria of Some So-called Bitcoiners Over BlackRock and Fidelitys Bitcoin Spot ETFs Should Give You Some Clarity.
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A little epiphany after being in this space for years
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The longer you’re here, the more you end up reframing your world views upon reflection. It sounds like a cult, but it’s really just a lens of perspective gained through education that can’t be unseen. While rewatching Deadwood, I was just thinking about how gold, a useful mineral in electronics today, back then was just a shiny rock with value because of perception and scarcity. Its supply was limited by how much people could find. And people found a lot! Supplies were very expensive with people trading lumps or gold for whatever they needed to continue prospecting. “How much you gettin’ there?” Carlton Lassiter from Psych asked his claim neighbor. Gold was actually cheap by today’s standards, but scarcity has reigned supreme over time. The value of gold was the amount it took to convince a prospector to prospect. “Enough for whiskey, p****, and food from the Gem Saloon.” Suddenly, white people flooded native land and used made-up laws that the natives were excluded from in order to...
Daily Discussion July 08 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 08, 2023 at 11:04AM by rBitcoinMod https://ift.tt/Z7vD2ja
After Apple banned Zaps Nostr developer creates simple workaround called "ZapplePay" to Zap by just using a reaction emoji
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Daily Discussion July 07 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 07, 2023 at 11:03AM by rBitcoinMod https://ift.tt/2EvjNOQ
FREE ELECTRICITY IN SF Quiet Mining rigs all over my house
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Meet the Infamous Bitcoin Truck: Travelling Across Europe to Spread the Bitcoin Message!
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Mine bitcoin to consume my solar energy
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Hello, I have installed 32 solar panels on my home and I often produce too much energy for my installation (more than 10kw) when it's à bit sunny. Some People recommended me to install big light spots to consume my energy but I was thinking that maybe I could turn some of computers that lay around at home as bitcoin mining to consumue my energy instead of just loosing it. I know nothing about bitcoin mining and even if it's doable with "home" computer. I dont care if the production is not optimal I just need to use my energy to avoid the overproduction. What Do you think and what would you recommend? Submitted July 06, 2023 at 09:44PM by hida_rokune https://ift.tt/AeWdB8r
Bitcoin is indeed a hedge against inflation.
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This week Bitcoin hit the "all time high" level against the Turkish Lira. This is what a 200% YTD inflation looks like. https://preview.redd.it/z072poehleab1.png?width=1526&format=png&auto=webp&v=enabled&s=c328638a02d4d0a8c036b7903ed57a2c56f94404 Submitted July 07, 2023 at 01:24AM by Monovon https://ift.tt/utjDI9C
Told them to buy BTC 7 months back. Got down voted. They'd be up 80% on their investment today.
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Jenson Button standing in front of the Bitcoin whitepaper
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Daily Discussion July 06 2023
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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. Please check the previous discussion thread for unanswered questions. Submitted July 06, 2023 at 11:03AM by rBitcoinMod https://ift.tt/GCqDtxI
Reading The Bitcoin Standard is for Investors so Important as studying The Bible for Christians
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Barclays UK refuses to open bank account due to my "level of exposure to crypto assets"
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Anybody else pretty fed-up with the post on here ?!
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It feels like the only things getting asked are ; Should I buy all at once ? DCA ? What hardware wallet is best ? Have you heard about insert freshest news ?! Guys, I lost x amount ! Help ? Guys, I hate myself for not buying back then ! Yada yada... How is it possible that with 5M+ members, there are close-to-none technical, or even technically related posts about Bitcoin ? It's a freaking Bitcoin sub ! I felt like that before, but damn, since I've been trying to get a better technical understanding about the moving parts of Bitcoin, and started posting some questions about it, there have been less-and-less comments on them- if any. Pretty weak for a Sub this big. Submitted July 06, 2023 at 03:20AM by Fabs_- https://ift.tt/r4VlpSY
Alvey Chain: Revolutionizing Blockchain with Lightning-Fast Transactions and Unbelievably Low Gas Fees!
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🌐 Welcome to Alvey Chain, where blockchain meets unparalleled speed, low gas fees, and groundbreaking consensus algorithms! Get ready to experience a new era of decentralized finance like never before! With staking options offering up to a mind-boggling 6000% APR, Alvey Chain rewards you like no other. But that's just the beginning! Immerse yourself in the enchanting metaverse of Elf Forest, where limitless possibilities await. Alvey Chain utilizes a unique consensus mechanism that combines the power of Proof of Authority (POA), Proof of Stake (POS), Proof of Burn (POB), and Proof of Diamonds (POD). This innovative approach ensures unparalleled security, efficiency, and scalability, empowering users like never before. ⚡️ Scale new heights with Alvey Chain's lightning-fast transactions, processing an astonishing 200,000 transactions per second (TPS). Say goodbye to network congestion and lengthy confirmation times. It's time for seamless and instant transactions! 💸 Bu...
What happens to your Bitcoin after you die?
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Have been and avid bitcoiner and stacker for the past 18 months or so. I have my stack on a cold wallet. In case of my death, my wife knows how to find the wallet. But what if we both die? What if one does not trust their spouse to know where their BTC is anyway for that matter? How do you leave your BTC wealth to your kids/family in your untimely death? How to pass along seed or keys without them being compromised? I've been thinking about using a safety deposit box, but then again I'm relying on a brick & mortar bank. Further, how secure are are safety deposit boxes anyway? Seems like there should be a better solution. A major downside to "not your keys, not your coins" is that anyone who comes across your seed can take your coins. Trezor has an option where you split your seed phrase into three separate parts and 2 parts are needed to access wallet. One idea I had was to utilize this method, and place single portion of seed into three separate safety deposit...
hey guys what wallet are you using to store your bitcoin?
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A while ago I was thinking about buying a ledger, but after all the problems I had, I'm avoiding it, I thought about buying a coldcard, but in Brazil it's unavailable and it's very expensive, I'm thinking about the trezor model one, but the entry usb-A bothers me kkkk any tips to help me? Submitted July 04, 2023 at 11:24PM by Gb-R https://ift.tt/hmflAsd
10 Ways to Lose your Bitcoin: A Retrospective
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I've been around a while, and I was thinking today about the myriad of ways people have been separated from their coins over the years. Off the top of my head: Internet Theft Your money was stolen by thieves via an insecure hot wallet, malware, a clever phishing scheme, or otherwise unwittingly exposing your keys to the internet. You Forgot You lost or forgot keys, passphrases, hidden seed locations, etc. Perhaps you threw an old hard drive away. Or possibly, you had an overcomplicated "high security" setup you neglected to document. Counterparty bankruptcy You left coins on an exchange or other custodian that went bankrupt. Altcoin Hype Amidst the narrative that some newer, more innovative coin may well overtake bitcoin, you "diversified" into altcoins. In 2017, this was the market-savvy view and there was enormous hype. Yield Farming Bubble You wanted MORE bitcoin for your bitcoin. 12% guaranteed interest? What could go wrong? See #3 for the answer...
Biggest regret ill probably carry through my entire life.
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I became aware of crypto late 2017. After waiting for bitcoin to correct for nearly 3 years i bought 2.33 at 4500 each. I was so happy. Looking forward to when btc was a mil each. Fast forward life got heavy, had to take my investment out. Saw it reach 60k per. Watching it now getting ready to split 100k in 2. I just recovered financially now and going to start dca slowly again but hell, the fact that ill never hold that amount of btc again kills me everyday. Edit: want to say thank you to everyone sharing their experience and their 2c. I didnt post this to seek anything. However this is the only place i can find people i can relate to about this matter. Sometimes you do get tunnelvisioned on shoulda woulda coulda, and hearing others helps alot. Submitted July 04, 2023 at 12:51PM by DyviumL https://ift.tt/zF0GWgm
In a world full of uncertainty there will only be 21M Bitcoin
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There are currently ~19,418,368 bitcoins in existence, that’s 92.6% issued. This number increases by 6.25 BTC every 10 minutes, when new blocks are mined. Every four years, the issuance rate halves. It's estimated that the final bitcoin will be mined by the year 2140. If a Bitcoin is lost or destroyed, it cannot be recovered, which can lead to a decrease in the total supply, and an increase in their overall value due to scarcity. Bitcoin is like our time; scarce and valuable. Submitted July 04, 2023 at 02:57AM by itfwg https://ift.tt/FYKh7eS
Saw This Post In r/UKPersonalFinance: "If wages cant keep up with inflation doesnt that mean well only ever get poorer?" - Only One Person in Replies Mentioned Bitcoin
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Link: https://www.reddit.com/r/UKPersonalFinance/comments/14pckqa/if_wages_cant_keep_up_with_inflation_doesnt_that/ Post: I’m really hoping there’s something I’m missing that makes my logic wrong on this. If wages keeping up with inflation would itself be inflationary, then that means we will just get poorer and poorer with absolutely nothing we can do about it. Submitted July 03, 2023 at 10:12PM by escodelrio https://ift.tt/HmMSsAY
BlackRocks Bitcoin ETF Application Is Refiled by Nasdaq to SEC
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Bitcoin Suisse CEO: the next bull market is coming & it will be "less volatile more steady
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Never buying on PayPal ever again
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So, I sold some concert tickets on Stubhub and received payment via PayPal. Haven't used them in a while, but I still have an active account. I figured, why not buy BTC there and send it to my wallet instead of "cashing out". No problem buying, but trying to send it to my wallet has been an absolute nightmare. First, they say they are sending a code to my phone to verify my identity. The same number that they send a code to to verify my identity when I log into the account. Click "send code" it just says "cannot verify identity. No code ever showed up. Contact customer service. That's a joke. AI bot sends me to a chat with a representative. They say they will send a push notification when a representative is available. They never did. This morning, I try again. Now, they ask for a drivers license and a scan of my face. Fine, I don't care about KYC here. Done. Finally verify my identity! Problem solved? Absolutely not. Now it just says, cannot send ...
Kraken withdrawal fee still at "temporary" 20x increase
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The mempool is pretty much back to normal, sitting pretty at 10 sat/vB or about $0.43... So whats up with Kraken still keeping the BTC withdrawal fee at over $6? They promptly increased the fee because of the congested mempool few months ago, bringing it from 1000 sats to 20,000 sats, a 20-fold increase. And here we are now, still having to massively overpay for our withdrawals, even though it's nowhere near the levels where they justified the drastic fee increase. It more and more looks like they are profiting on it, and would not bring them down anytime soon, if ever. https://preview.redd.it/e1ahcbrpsl9b1.png?width=1324&format=png&auto=webp&v=enabled&s=48a53ae2f428d06e05bd0fb9afaf1355a664e0ab Submitted July 03, 2023 at 12:45AM by handgrip_shingle https://ift.tt/hd4nKsW
I read the Bitcoin Standard and had this question about Keynesian economics?
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In the book, it argues that when you have a deflationary currency (gold, bitcoin) as the world reserve, it encourages saving for multiple generations and has inspired many great human feats such as the Sistine Chapel and the industrial revolution. Meanwhile, an inflationary currency as the world reserve leads to society going for a quick buck (suburban sprawl destroying farmland/nautral land in favor of houses that take up too much space, goods built to be thrown away, less incentive to save due to savings being debased, etc) However, I do think that Keynesian economics has somewhat of a point when they say: An inflationary currency encourages spending, which spurs up economic activity due to the money being recirculated into the economy. Whereas a deflationary currency encourages hoarding of economic energy, and not recirculating it back into the economy. Is this a valid argument? Why is it not a valid argument? Submitted July 02, 2023 at 08:09PM by workforbitcoins https://ift...
Bitcoin lowers time preference
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My wife likes to spend as much money as she can, putting some away for a rainy day. The only reason she would save is if she has a purchase in mind. Her reasoning is that inflation is always happening, so why not spend money now, because otherwise you are just losing money to inflation. I like to save money for the sake of saving, without a purchase in mind. Saving money feels good for me, but not just because it provides safety. Its kind of like a game. I find comfort in knowing that "my" number keeps growing. Whenever I tell this to my wife, she gives me strange look, and tries to find someplace to spend the money on. Basically, she wants to spend every penny I'm trying to save :rofl: Half a year ago, I started reading Bitcoin standard, and it has changed my perspective on money and economy. I communicated that to my wife and it seems that it has also changed her perspective. We started saving in Bitcoin half a year ago, and have already accumulated a good chunk of sa...
Seeing DCA strategy been discussed a lot. But what about a "ladder-down" limit order strategy? Let me know your thought please!
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Hey all, I'm trying to come up with a strategy to add some more sats in the 2nd half of the year for the the next bull run. Given I already hold some, I don't want to chase any pump or fomo in. So instead of a traditional time-based DCA strategy, I'm thinking maybe it's a better idea to "ladder-down" limit buy orders based on price (don't know if there's a better name for this). Below is an example. https://preview.redd.it/26bywffnhf9b1.png?width=312&format=png&auto=webp&v=enabled&s=8e3ccfc813d016096de6f2079cc292264cadd3fd IMO, comparing to DCA, this has at least 2 advantages - I personally view price as risk. This means I only buy when the risk is lower and automatically avoid it when risk is higher. This allows me to capture the downside volatility, aka "wicks". Those are not very uncommon for BTC and a limit order is basically the only way to capture them. There are also 2 disadvantages - If the price goes sidewa...
wallet for total n00b
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Let me preface this with an apology as I'm sure this content is repeated ad nauseam. I'm late to the bitcoin game, and just bought a small amount- <$200 worth. At this low level is it safe to keep it on Coinbase, or should I invest in a wallet? I searched the sub, and most of the responses were above my understanding at this point. So basically I'm looking for the most complete begginer wallet that won't allow me to screw myself over somehow. Thanks in advance! Submitted July 01, 2023 at 10:57PM by moonchild1989 https://ift.tt/wWGoil8
What is a large amount?
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In the next couple of years I imagine a lot of us will be tempted to sell some of their bags. Something that I haven't done, personally, since 2018.... I have looked into OTC but they all say "if you're looking to buy/sell a large amount and don't want to move the market...." So what is a large amount? 1? 10? 100? Btc? Submitted July 01, 2023 at 01:01PM by modetry https://ift.tt/rXAFmZp
How to sell on BISQ and get EUR into my Wise account without risk?
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Hello, I have a (Transfer)Wise bank account, and I also trade on BISQ. However, Wise is hostile to BTC. If I use BISQ's Wise transfer method, I risk getting my account shut down. It's very unfair, but my Wise account is quite useful to me so this is a risk I cannot afford to take. In previous years, I would use the SEPA transfer method. However, my SEPA bank account was closed -- essentially because I was away from Europe for a long time. In order to get a new SEPA account, I would need to return to Europe. That's a big hassle for a digital nomad like me. Does anybody have any creative ideas about how I can transfer money to Wise safely? Is there an account I can set up somewhere using just my passport photocopy which can function as a safe intermediary and won't be flagged by Wise? Maybe there is some new financial resource that has sprung up over the past couple of years that I am overlooking? Submitted July 01, 2023 at 05:47AM by NodeTraverser https://ift.tt/...
This year $4.56 billion in payments were transferred through the bitcoin network By comparison in the bull market of 2021 the figure was as high as $13.1 billion
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This chart looks so interesting with the lower BTC rewards - especially after the fifth halving!
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