Revolut head of crypto: 'Washing machines consume more energy than bitcoin' - AltFi

https://bit.ly/3LSibUZ

Submitted September 30, 2022 at 06:16PM by AdCapital2210 https://bit.ly/3SsCoTH

Just landed in Turkey and that’s the first thing I see coming out of the plane

https://bit.ly/3RG9M8x via /r/Bitcoin https://bit.ly/3y7yQOJ

British citizens seek safety in BTC as central banks lose faith in them. – cryptowiky

https://bit.ly/3St1RMH

Submitted September 30, 2022 at 02:59AM by CartographerGreen772 https://bit.ly/3fuNWXZ

If I get a heart attack its because of bitcoin. I just sold all of it and now its going up

https://bit.ly/3E4P3Yy

Submitted September 30, 2022 at 11:20PM by iamnekkid https://bit.ly/3fxB6Z9

Now is the time to stack sats

https://bit.ly/3SwKDhB via /r/Bitcoin https://bit.ly/3UUhbDG

Art collage of the biggest, more negative personalities in the Bitcoin space by bitcoinapexart.com

https://bit.ly/3E61mE5

Submitted September 30, 2022 at 04:45AM by polloponzi https://bit.ly/3LZp8U7

I just invested my first $250 into Bitcoin

I invested $250 into Bitcoin and plan to dca a little bit out of my paycheck every two weeks!

-18 years old, making $15/hr at retail store

Submitted September 30, 2022 at 09:14PM by Expert_Diamond8099 https://bit.ly/3SpCR97

If I get a heart attack its because of bitcoin. I just sold all of it and now its going up

https://bit.ly/3E4P3Yy via /r/Bitcoin https://bit.ly/3fxB6Z9

Another paycheck, another 0.1 BTC for me

Hopefully will be a whole coiner by end of the year via /r/Bitcoin https://bit.ly/3fjiHyW

ECB Chief Lagarde: "We stand for bankers. If central banks do not launch our own digital currencies, we risk losing our status as monetary 'anchor' to an era of free banking."

https://bit.ly/3SESJo4 via /r/Bitcoin https://bit.ly/3xZZjha

Nayib Bukele Was Right: Bank of England Resumes Money Printing

https://bit.ly/3UHjkCR

Submitted September 29, 2022 at 01:06PM by bdinu89 https://bit.ly/3rgoKXT

Chancellor on Brink of...

https://bit.ly/3rh2Zap

Submitted September 29, 2022 at 06:51PM by Bitcoin_Freedom https://bit.ly/3rdurG9

4,900 BTC. The relentless growth across the entire Lightning ecosystem is going to catch so many people by surprise.

https://bit.ly/3fxyOcB via /r/Bitcoin https://bit.ly/3LQ2AoV

MicroStrategy is hiring Bitcoin Lightning Software Engineers

https://bit.ly/3dWW7Mb via /r/Bitcoin https://bit.ly/3BYrRse

Taro Update: Developers Can Now Issue Assets Like Stablecoins On Bitcoin

https://bit.ly/3dNTcWm

Submitted September 29, 2022 at 12:23AM by polloponzi https://bit.ly/3ChwvmN

Hope y’all are ready

https://bit.ly/3RhEPqQ

Submitted September 29, 2022 at 10:52AM by VibeMusic https://bit.ly/3RsK9Yu

Hello Taro: Building the (Tap)Root of the World's Financial Network with Bitcoin👋🍠Ÿ

https://bit.ly/3fnmUBQ

Submitted September 28, 2022 at 11:49PM by roasbeef https://bit.ly/3ffBRFV

This is the post Ross Ulbricht made in 2011 trying to recruit IT pro for his "start-up".

https://bit.ly/3BVOuxP

Submitted September 28, 2022 at 09:11PM by olivietti https://bit.ly/3BRyFrN

Taro Update: Developers Can Now Issue Assets Like Stablecoins On Bitcoin

https://bit.ly/3dNTcWm via /r/Bitcoin https://bit.ly/3ChwvmN

Bitcoin Is Outperforming Major Currencies

https://bit.ly/3rbjtka

Submitted September 28, 2022 at 04:01AM by manauiatlalli https://bit.ly/3SG7erw

QE restarts in UK

https://reut.rs/3LU2I6H one might expect, the first of the big central banks just threw inflation fighting out the window in favor of more printing to prevent their debt from spiraling out of control. It's a clear sign that the fight against inflation is less important than the fight against sovereign default. They always print more, eventually. via /r/Bitcoin https://bit.ly/3BSm6wj

Am I correct in thinking If you loose your seed phrase you would be able to see your Bitcoin on ledger live app but never be able to move it!! 😳

And also be able to receive more btc that can’t be moved.

Submitted September 28, 2022 at 02:40AM by Crypto-hercules https://bit.ly/3dTmYcb

Hello Taro: Building the (Tap)Root of the World's Financial Network with Bitcoin👋🍠Ÿ

https://bit.ly/3fnmUBQ via /r/Bitcoin https://bit.ly/3ffBRFV

The Bitcoin Citadel - DALL.E

https://bit.ly/3Cgqjex via /r/Bitcoin https://bit.ly/3Smt2ZK

Do Kwon transfers more than 3,300 BTC to 2 different wallets – Korean authorities want to freeze the funds

https://bit.ly/3RgYeZ8 via /r/Bitcoin https://bit.ly/3DZEtCf

"you talk about bitcoin like a religion, it scares me" - Wife

Well I pushed my hesitant wife too far.What's next?I won't divorce please be serious. via /r/Bitcoin https://bit.ly/3dML9ZH

Lots of people say USD won't see hyperinflation for decades to come. I am the only one who thinks it will happen much faster, within the next 10 years?

I'd expect many countries to follow the U.K. economic model of lets spend more to lower inflation. Turkey really was the first to pioneer this concept. I actually believe they are correct and not just printing for the sake of corruption, but yes im sure there is corruption too.

Every time central banks raise interest rates it kills supply production of goods first. For example in real estate they stop building new homes and then later the price drops. The production of new supply gets cut first which just esclates the problems.

Another case study is when QT takes place it cost the government more due to lack of efficency. Bob loses his job and stops buying $100/week in food, now he goes to the food bank and get $200/week in food and throws half of it away because they give him a bunch of crap his family doesn't like. The spending doubles due to the inefficent market, but the government prints money and gives to the food bank thanks to biden's food insecurity act. This shows QT creating more inflation as spending on food doubles.

Submitted September 27, 2022 at 03:52AM by hyperinflationUSA https://bit.ly/3SAwUWH

Representing the Bitcoin community. Just got this from Lids.

https://bit.ly/3fngWkm

Submitted September 27, 2022 at 12:34PM by Rl67rl https://bit.ly/3dUbfKe

If someone told you they created Bitcoin and said this was their early 2007 draft of the Bitcoin Whitepaper, what would you say?

https://bit.ly/3SjbBJw via /r/Bitcoin https://bit.ly/3Sk5Zyv

Found in Tel Aviv

https://bit.ly/3ReGZHB

Submitted September 27, 2022 at 12:55PM by EnceladusJones239 https://bit.ly/3dMfmYM

BTC ATM spotted in beautiful Cozumel, Mexico

https://bit.ly/3LKe5OJ via /r/Bitcoin https://bit.ly/3dQq1Sw

Ross Ulbricht interview 12 August 2012 - 1 year before arrest - What do you want to do in 5 & 20 years?

https://bit.ly/3ClvJW1

Submitted September 26, 2022 at 09:59PM by olivietti https://bit.ly/3dIEO1v

That didn’t age well.

https://bit.ly/3BQhiaC

Submitted September 27, 2022 at 04:04AM by HappyGoLacky https://bit.ly/3BKPGE8

Weird feeling about the next 2-3 years.

Everything seems weird right now. Feds raising rates, inflation at 9% (higher in reality), political infighting, the US looking at regulating stable coins, war, midterm elections, etc.It seems like the next 2-3 years that include this recession and the halving in 2024 will be a perfect storm. I've recently upped my contributions to $1K/mo (mostly the top two blue chips) and a few metaverse gaming stuff to take a swing at, but I truly feel like we come out of this way ahead.Hang on for a few years. It just feels like something big is going to happen, I don't know. Maybe I drank some bad kool-aid.Either way, this thing is too big to fail now. via /r/Bitcoin https://bit.ly/3dR5vAZ

That didn’t age well.

https://bit.ly/3BQhiaC via /r/Bitcoin https://bit.ly/3BKPGE8

"20% of Merchants in El Salvador Are Using Bitcoin" - Galoy CEO

https://www.youtube.com/watch?v=s68CDUoRltI

Submitted September 26, 2022 at 08:20AM by undertheradar48 https://bit.ly/3dJDI5E

Saylor: "It's not likely that the governments of all the world will just confiscate 90% of your crypto assets or your Bitcoin. But, in fact, it's a foregone conclusion that they're definitely going to confiscate 90% of your currency. It's happening at 1% a month or 2% a month right now."

https://bit.ly/3dOkKec via /r/Bitcoin https://bit.ly/3RbOxLj

Ross Ulbricht interview 12 August 2012 - 1 year before arrest - What do you want to do in 5 & 20 years?

https://bit.ly/3ClvJW1 via /r/Bitcoin https://bit.ly/3dIEO1v

Bitcoin price moves to the upside in 2023 will shock the world. This is how it happens.

First so we all understand, historically bitcoin falls when the US dollar rises and Bitcoin rises when the US dollar loses momentum and starts either chopping sideways or falls.

Japan is now selling US treasuries to prop up the Yen and China will start doing the same as the Yuan comes under pressure, which it already is. China and Japan are by far the largest holders of US treasuries in the world therefore they have the ability to add massive selling pressure to the US bond market causing US treasuries to fall faster which should lead to the US dollar rally losing momentum (no one wants to hold dollars if the Chinese government is selling their $1 trillion dollar stock pile of US treasuries).

As the dollar rally loses momentum the world will be looking for an exit out of the dollar and into any other safe haven they can find. With bitcoin being down 70% from its highs and with a market cap 1/20th that of gold it looks extremely attractive if it is infact digital gold. So expect a meaningful percentage of safe-haven-seeking capital to make its way into bitcoin.

Its at this point bitcoin catches its first safe haven bid during a global currency crisis ever. This is when the bitcoin price shocks the world to the upside. In the midst of currency market chaos bitcoin will be printing green weekly candles in the thousands of dollars and a move back up to 2021 highs could happen extremely fast due to bitcoins absolutely tiny market cap relative to the currency markets and global bond market.

2023 will be the year bitcoin explodes to the upside so fast people will miss the opportunity if they blink.

Submitted September 26, 2022 at 12:52PM by slvbtc https://bit.ly/3LIu7IG

The Perfect Storm for Bitcoin (PART 1)

Great blog explaining the value of Bitcoin in a increasingly troubled financial world in 2022​https://bit.ly/3BJI9p0 via /r/Bitcoin https://bit.ly/3R8SZdL

Oh baby, some new Bitcoin hardware came in the mail. Satscard ...gotta catch em all…

https://bit.ly/3E9LEIj

Submitted September 25, 2022 at 09:00PM by Fiach_Dubh https://bit.ly/3RcYWqd

French Bank Launches Bitcoin Fund Services

https://bit.ly/3RcoWSy via /r/Bitcoin https://bit.ly/3RdV4oW

It´s Bitcoin = Voluntary and Open Membership

​

https://preview.redd.it/2jbjhxi6vxp91.png?width=1339&format=png&auto=webp&s=0b7fc99c786ca1938178fb7515abbb9f467f372d

Google trends = Low

Bitcoin tweets = Low

Bitcoin difficulty = High

Submitted September 25, 2022 at 01:22PM by Certain_Novel_4770 https://bit.ly/3SOXGef

Daily Discussion, September 25, 2022

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 September 25, 2022 at 01:05PM by rBitcoinMod https://bit.ly/3BHme1x

I'm starting to get it

So Central Banks get to decide the monetary policy, i.e. the rules of the game, by controling the interest rate at their own discretion.

As more and more people figured out the winning strategy: getting loans at low interest get you close to the money printer so you can "mine" fiat as it is being created, then they can decide on a whim to change the rules and raise interest rates to punish the over leveraged.

You are being stolen either by inflation or by interest on your debt.

Refuse to play this stupid game. Adopt the Bitcoin Standard.

Submitted September 25, 2022 at 11:17PM by GenghisBanned https://bit.ly/3UD91Q9

I'm starting to get it

So Central Banks get to decide the monetary policy, i.e. the rules of the game, by controling the interest rate at their own discretion.As more and more people figured out the winning strategy: getting loans at low interest get you close to the money printer so you can "mine" fiat as it is being created, then they can decide on a whim to change the rules and raise interest rates to punish the over leveraged.You are being stolen either by inflation or by interest on your debt.Refuse to play this stupid game. Adopt the Bitcoin Standard. via /r/Bitcoin https://bit.ly/3UD91Q9

Banks Are About To Face The Same Tsunami That Hit Telecom Twenty Years Ago

https://bit.ly/3SrIvas

Submitted September 24, 2022 at 03:19PM by CoinCorner_Sam https://bit.ly/3Uumeuq

But Bitcoin is Volatile

https://bit.ly/3dECMzg

Submitted September 24, 2022 at 07:45AM by Ok_Aerie3546 https://bit.ly/3UE9GR8

Bitcoin > Banks

Currently Vacationing at Mexico. My phone got stolen and now banks aren’t letting me access my accounts due to me not being able to verify my phone number. Had planned on enjoying my vacation by using my credit cards (no foreign transaction fee) and paying them off as I go … Can’t anymore because they’re maxed since I can’t pay it off due to not being able to log in … So I had to dig into my bitcoin which is now what I’m using to survive and enjoy my vacation … Banks and centralization is absolute garbage via /r/Bitcoin https://bit.ly/3ReRjiS

Each green dot is a Bitcoin miner

https://bit.ly/3BGvRh2

Submitted September 24, 2022 at 11:51PM by YoMan0x https://bit.ly/3rnLup7

⬇️ REMINDER ⬇️ Banks are closed today, Bitcoin is never closed ⚡️

Make the right choice 😎 via /r/Bitcoin https://bit.ly/3SrrbD7

Each green dot is a Bitcoin miner

https://bit.ly/3BGvRh2 via /r/Bitcoin https://bit.ly/3rnLup7

This is what REAL ADOPTION looks like.

https://bit.ly/3DNneUE

Submitted September 24, 2022 at 11:07PM by dafuqisthat911 https://bit.ly/3C7HWgP

What a revolving door. Bitcoin can't fix this soon enough.

https://bit.ly/3BI6Wd6 via /r/Bitcoin https://bit.ly/3LFDiK3

IF a Man's money can be taken without his consent, all his other rights are taken with it;

Lysander Spooner has a message for Bitcoiners. Grow a set. Stop acting like slaves.Lysander Spooner started a mail delivery service to compete with US Government's insane, unjust, and horribly uneconomic monopoly on the delivery of mail. He grew a set.Practice Agorism at the least...Lysander Spooner approved this message.Happy Friday, have a great weekend!https://bit.ly/3RcrFLE via /r/Bitcoin https://bit.ly/3dERFBQ

I made an updated Umbrel Bitcoin Node guide (covers the new dashboard). How to connect wallets, set up lightning channels, access remotely, install apps, and plenty more.

https://www.youtube.com/watch?v=Fa9AvF4jk1o via /r/Bitcoin https://bit.ly/3ffCCPq

There will never be more than 100k nodes. - Satoshi 2010

https://bit.ly/3DMIjhQ

Submitted September 23, 2022 at 10:28PM by olivietti https://bit.ly/3DKJPBe

We officially hit 150 merchants here on Bitcoin island

https://bit.ly/3R6nIby

Submitted September 23, 2022 at 10:33PM by Stromen https://bit.ly/3Rdgpyx

Bitcoin went $43,000 to $19,000 in the last six months. 77.7% of all bitcoin did not even move 💎🙌

https://bit.ly/3dAbfis

Submitted September 23, 2022 at 09:28PM by YoMan0x https://bit.ly/3dAH1Mf

Absolute mathematical scarcity, achieved by consensus in a sufficiently decentralized network, was a DISCOVERY, rather than an invention. It cannot be achieved again by a network of participants aware of this discovery, since the very thing discovered was resistance to replicability itself.

I'm curious what other's think of this... quote from https://www.youtube.com/watch?v=TIkqBZnrKJMIt really makes a lot of sense to me but i wonder what others thought's are. via /r/Bitcoin https://bit.ly/3DJZ7Ge

Visit The Guatemalan Lake Town Mining Bitcoin With Used Cooking Oil

https://bit.ly/3C3O49W via /r/Bitcoin https://bit.ly/3f9a7CT

Fancy one Bitcoin? ;)

https://bit.ly/3S7S26X via /r/Bitcoin https://bit.ly/3S9gsgg

This is what we're living in Argentina. Bitcoin fixes this.

https://bit.ly/3xJjNKX

Submitted September 22, 2022 at 10:29PM by NefariousnessSome945 https://bit.ly/3fa9FnU

This is reality,,

https://bit.ly/3dx9Adt

Submitted September 22, 2022 at 05:03PM by Professional_Cat_797 https://bit.ly/3f6EbPA

This is what we're living in Argentina. Bitcoin fixes this.

https://bit.ly/3xJjNKX via /r/Bitcoin https://bit.ly/3fa9FnU

Pictures from the Lake Mariner Bitcoin Mining Facility, with a owned hashing capacity in excess of 0.67 EH/s, Sustainable Bitcoin Mining is the future!

https://bit.ly/3SqeiIH via /r/Bitcoin https://bit.ly/3R6c3cy

Transaction in block 170 is Satoshi sending Hal the first 10 bitcoin

​

https://preview.redd.it/g0ojtd3eg7p91.png?width=1600&format=png&auto=webp&s=b86076db36ab25bc07985a2d5178429f857656c2

Submitted September 21, 2022 at 08:25PM by olivietti https://bit.ly/3qYuK7z

Nayib Bukele UN address: “The land of surfing, coffee, Bitcoin, freedom”

https://bit.ly/3R0iDBy

Submitted September 22, 2022 at 12:32AM by KAX1107 https://bit.ly/3S2E7Pz

Is Satoshi Nakamoto dead?

I read that he has a million Bitcoin but hasn't touched any of them ever, it doesn't seem likely that when you are alive you would not tap into all of that wealth at some point. Also his internet presence disapeared in 2010.

One big question is how he has been able to hide his identity so well despite so many people wanting to know him and being dead before bitcoin ever became well known would be an easy explaination for that.

If he is dead rest in peace and thank you for creating Bitcoin.

Submitted September 21, 2022 at 05:54AM by Accomplished-Oven472 https://bit.ly/3xGVehu

Environmental Benefits of Bitcoin Over Gold

https://www.youtube.com/watch?v=aqUs1JDYa6k&ab_channel=NBCNews via /r/Bitcoin https://bit.ly/3SEmaqv

Nayib Bukele UN address: “The land of surfing, coffee, Bitcoin, freedom”

https://bit.ly/3R0iDBy via /r/Bitcoin https://bit.ly/3S2E7Pz

Cesar's Cantina in Oslob Cebu Philippines

https://bit.ly/3xIdXt3

Submitted September 21, 2022 at 09:06PM by Stromen https://bit.ly/3DHV2SZ

Thoughts on this ? Not able to put a finger to it but this seems unsettling

https://bit.ly/3BqI89i

Submitted September 21, 2022 at 05:06PM by Numerous_Fee_3770 https://bit.ly/3dDZ5VI

Be smart and buy the dip

https://bit.ly/3BCynVM

Submitted September 20, 2022 at 10:44PM by SoggyFarmer7211 https://bit.ly/3Sk9YLi

People did not always pay fees. The miners are surprised that they got more bitcoin than the block subsidy(50 BTC in 2010).

https://bit.ly/3f5bcMb via /r/Bitcoin https://bit.ly/3Lvtcev

49 more to go..

https://bit.ly/3SdURCQ

Submitted September 20, 2022 at 11:50PM by PotentialMillionaire https://bit.ly/3Bv1eLA

PSA

https://bit.ly/3S2spEs

Submitted September 20, 2022 at 10:13PM by alanbwt https://bit.ly/3RX9Am0

Colorado accepts cryptocurrency for tax payments, Polis announces at Startup Week kickoff. Pretty big, no?

https://bit.ly/3SmoYIG via /r/Bitcoin https://bit.ly/3DARORj

Boomers fade every fad

https://bit.ly/3dzQB1T

Submitted September 20, 2022 at 10:53PM by KAX1107 https://bit.ly/3SnKE7b

49 more to go..

https://bit.ly/3SdURCQ via /r/Bitcoin https://bit.ly/3Bv1eLA

Be smart and buy the dip

https://bit.ly/3BCynVM via /r/Bitcoin https://bit.ly/3Sk9YLi

Boomers fade every fad

https://bit.ly/3dzQB1T via /r/Bitcoin https://bit.ly/3SnKE7b

Saylor: "We could create $100 trillion of value in the real world simply by building applications on top of Bitcoin as a foundation. Continually trying to reinvent the wheel and create competitive things is a massive waste of time, and it's a diversion of human creativity."

https://bit.ly/3drQjtS

Submitted September 20, 2022 at 02:13AM by PodClips https://bit.ly/3f3bDqf

The Bitcoin Rainbow Chart is now dead... (added a new color below)

https://bit.ly/3QWKz9t

Submitted September 19, 2022 at 03:27PM by blockchaincenter_de https://bit.ly/3xAwbwI

Please Try not to Forget why we Bitcoin

https://bit.ly/3UkX7dr via /r/Bitcoin https://bit.ly/3LuVWV0

Saylor: "We could create $100 trillion of value in the real world simply by building applications on top of Bitcoin as a foundation. Continually trying to reinvent the wheel and create competitive things is a massive waste of time, and it's a diversion of human creativity."

https://bit.ly/3drQjtS via /r/Bitcoin https://bit.ly/3f3bDqf

Merchant at Bitcoin Island received 50 dollars donation

https://bit.ly/3Lp8UU0

Submitted September 19, 2022 at 01:08PM by Stromen https://bit.ly/3xuUoUT

Cypherpunk Adam Back in 1996

https://bit.ly/3QWnHXp via /r/Bitcoin https://bit.ly/3BSQWq0

Is nullc banned from reddit?

Has u/nullc aka Gregory Maxwell just been banned suspended from reddit? EDIT: he’s been suspended.

This is outrageous. He is an indispensible source of high quality info in general and currently an important window into the Wright vs. Hodlonaut trial.

Members of the bsv community have lately been aggressively reporting users to the reddit admins, that now have been tricked into suspending nullc in the midst of the trial.

Update 1: nullc indeed got suspended due to bsv shills that filed false reports about him to the reddit admins.

Update 2: cryptorebel aka Truth__Machine gloating on twitter about getting nullc banned: https://twitter.com/cryptorebel_sv/status/1571869240902418432?s=46&t=Zd_uOHeUSNeOY7jAp7G6Cg

User u/cryptorebel was permanently banned from reddit and is actively evading his ban by posting as u/Truth__Machine. Recently he also got hodlnautvsfraudlnaut banned, and banned me from r/bitcoincashSV for no reason.

This is pure harassment of reddit users by u/Truth__Machine.

Update 3: looks like u/Truth__Machine is not done yet, he plans to get user Zectro banned as well.

Submitted September 19, 2022 at 06:42PM by trilli0nn https://bit.ly/3f0sCcP

I’m a college student and am going to put every dollar of my campus job into BTC

I originally got into BTC when I was 16 in August of 2017. Ended up selling half after the bull run of December 2017 but still held about half of what I had until this past bull run. I haven’t bought any since 2017 or 2018, though.Last year I started a job dishwashing at my university for 16/hr. I ended up getting promoted and a raise to 18/hr last semester. The money I made in the dish room helped me get through the school year.However, this summer I had a job serving, where I made a lot more money, and worked a lot more hours. For this reason, I decided that every dollar I make in the dish room this year is going to go into Bitcoin. Every other Friday, I am going to dump 100% of my paycheck into BTC and hodl until the next bull run.We’re all in this together. via /r/Bitcoin https://bit.ly/3xxwhFq

Jordan Peterson fascinated by Bitcoin mining effects on energy efficiency and lowering the cost of energy

https://bit.ly/3dkRifF

Submitted September 19, 2022 at 01:07AM by KAX1107 https://bit.ly/3LqowGR

Bitcoin Newcomers FAQ - Please read!

Welcome to the /r/Bitcoin Sticky FAQYou've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.It all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential:Article: The Bullish Case for BitcoinBook: The Bitcoin StandardVideo 1: The Stories We Tell About Money - Andreas AntonopoulosVideo 2: The Bitcoin Standard - Saifdean AmmousVideo 3: Bitcoin 101 - Balaji SrinivasanVideo 4: Bitcoin Macro Strategy - Michael Saylor & Ross StevensVideo 5: Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset - Stephan Livera, PlanB & Saifdean AmmousSome other great resources include Michael Saylor's Hope.com and "Bitcoin for Everybody"' course, Jameson Lopp's resource page, Gigi's resource page, and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.If you are technically or academically inclined check out developer resources and peer-reviewed research papers, course lectures from both MIT and Princeton as well as future protocol improvements and scaling resources. Some Bitcoin statistics can be found here, here and here. MicroStrategy's Bitcoin for Corporations is an excellent open source series on corporate legal and financial bitcoin integration.You can also see the number of times Bitcoin was declared dead by the media (LOL) and what you could have earned if you didn't listen to them! XDKey properties of BitcoinLimited Supply - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the inflation schedule. Once they are all issued Bitcoin will be truly deflationary. The halving countdown tells you how much time until the next drop in block rewards.Open source - Bitcoin code is fully auditable. You can read and contribute to the source code yourself.Accountable - The public ledger is transparent, all transactions are seen by everyone.Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.Low fee scaling - Most wallets calculate on chain fees automatically but you can view fee estimates and mempool activity if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.Pseudonymous - No need to expose personal information when purchasing with cash or transacting.Secure - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be brute forced or confiscated with proper key management such as hardware wallets.Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being metNearly instant - From a few seconds on the lightning network to a few minutes on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.Peer-to-peer - No intermediaries taking a cut, no need for trusted third parties.Portable - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by memorizing it for wallet recovery (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiatWhere can I buy bitcoin?Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.StrikeCash appGeminiSwanRiver FinancialBitstampBitFinexXapoKrakenCexLocalBitcoinsLibertyXP2P exchange list (decentralized)CoinCornerYou can also purchase in cash with local ATMs. Services such as CardCoins let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use Bitwage.Note: Bitcoin are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.Securing your bitcoinWith bitcoin you can "Be your own bank" and personally secure your bitcoin OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoin for you.If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended.If you cannot afford a hardware wallet there are many software wallet options to choose from depending on your use case. Mobile wallets like BlueWallet are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini or Unchained Capital but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, "Not your keys, not your coins" meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them.Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.Avoid using your cell number for 2FA. Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.Google AuthAuthyOTP AuthandOTPAndroidAndroidN/AAndroidiOSiOSiOSN/APhysical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See Yubikey or Titan to purchase security keys.Both Coinbase and Gemini support physical security keys.Watch out for scamsAs mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, "Don't trust, verify".Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use DuckDuckGo instead, which has no ads, and never tracks you as well.Ignore private messages offering services.Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.Always check addresses on your hardware wallet before sending or receiving. Some malware has been known to replace addresses in your web browser or that you copy-and-paste.Avoid clicking on links like that look like links, such as https://bit.ly/3mYaXko, without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.Common Bitcoin MythsOften the same concerns arise about Bitcoin from newcomers. Questions such as:Is Bitcoin a Ponzi scheme?Will governments ban Bitcoin?Will quantum computers break Bitcoin?All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:Common Bitcoin MythsGradually, Then SuddenlyEvery Reason Bitcoin Will Not FailEnd the FUDWhere can I spend bitcoin?Check out spendabit, bitcoin directory or Coinmap for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card or Fold card. Some other useful site are listed below.StoreProductBitrefill, GyftGift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.Spendabit, Overstock and The Bitcoin DirectoryRetail shopping with millions of resultsNewEgg and DellFor all your electronics needsPiixpay, Bitbill.eu, Bylls, Coins.ph, LivingRoomofSatoshi, Coinsfer, and moreBill paymentMenufy and TakeawayTakeout delivered to your doorExpedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flatsFor when you need to get awayCryptostorm, Mullvad, and PIAVPN servicesNamecheap, PorkbunDomain name registrationStampnikDiscounted USPS Priority, Express, First-Class mail postageThere are also lots of charities which accept bitcoin donations.Merchant ResourcesThere are several benefits to accepting bitcoin as a payment option if you are a merchant;1-3% savings over credit cards or PayPal.No chargebacks (final settlement in 10 minutes as opposed to 3+ months).Accept business from a global customer base.Increased privacy.Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.If you are interested in accepting bitcoin as a payment method, there are several options available;BTCPaySquare cashStripeWyreBlockonomics (direct to your wallet)CoinCorner CheckoutCan I mine bitcoin?Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read the mining FAQ. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node. You can view the global node distribution for a visual representation of the node network.Earning bitcoinJust like any other form of money, you can also earn bitcoin by being paid to do a job.SiteDescriptionWorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /r/Jobs4Bitcoins, BitforTip, Rein ProjectFreelancingLolliEarn bitcoin when you shop online!OpenBazaar, Purse.io, Bitify, /r/BitmarketMarketplaces/r/GirlsGoneBitcoin NSFWAdult servicesA-ads, Coinzilla.ioAdvertisingYou can also earn bitcoin by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).Bitcoin-Related ProjectsThe following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.ProjectDescriptionLightning NetworkSecond layer scalingLiquid, Rootstock and DrivechainSidechainsHivemindPrediction marketsTierion and FactomRecords & Titles on the blockchainBitMarkets, DropZone, Beaver and Open BazaarDecentralized marketsJoinMarketCoinJoin implementationDecentralized exhangesDecentralized bitcoin exchangesKeybaseIdentity & Reputation managementAbraGlobal P2P money transmitter networkBitcoreOpen source Bitcoin javascript libraryBitcoin UnitsOne Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:UnitSymbolValueInfobitcoinBTC1 bitcoinone bitcoin is equal to 100 million satoshismillibitcoinmBTC1,000 per bitcoinused as default unit in recent Electrum wallet releasesbitbit1,000,000 per bitcoincolloquial "slang" term for microbitcoin (μBTC)satoshisat100,000,000 per bitcoinsmallest unit in bitcoin, named after the inventorFor example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:0.001 BTC1 mBTC1,000 bits100k satsFor more information check out the Bitcoin units wiki.Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.Welcome to the Bitcoin community and the new decentralized economy! via /r/Bitcoin https://bit.ly/3P9dKFr

Jordan Peterson fascinated by Bitcoin mining effects on energy efficiency and lowering the cost of energy

https://bit.ly/3dkRifF via /r/Bitcoin https://bit.ly/3LqowGR

I made a tutorial on RaspiBlitz - full node assembly, setting up lightning channels, transacting and connecting external wallets. Features Ride The Lightning, C-Lightning and Zeus app.

https://youtu.be/DTHlSPMz3ns

Submitted September 18, 2022 at 10:09PM by benperrin117 https://bit.ly/3f3WrJy

Daily Discussion, September 18, 2022

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 September 18, 2022 at 01:00PM by rBitcoinMod https://bit.ly/3f3ne8Q

Lina Seiche (creator of the Little HODLer) currently on Bitcoin Island to work on a Bitcoin mural

https://twitter.com/BitcoinIslandPH/status/1571412958676406273

Submitted September 18, 2022 at 08:29PM by _CypherIO https://bit.ly/3UnAl4W

How does bitcoin measure time for the difficulty adjustments?

I was listening to Gigi talk about how proof of work is essentially a time stamping mechanism for bitcoin. It seems very compelling. However, I am not sure how bitcoin uses wall clock time to adjust difficulty if blockchain length is its measurement of time.

Submitted September 18, 2022 at 08:11AM by Caesars7Hills https://bit.ly/3LlbhY6

Drying socks takes more energy than mining bitcoins.

https://bit.ly/3DzH5qn

Submitted September 19, 2022 at 12:04AM by VictorOgorodnov https://bit.ly/3UiMfgc

Six reasons to withdraw your Bitcoin from exchanges

https://bit.ly/3Bppkaz via /r/Bitcoin https://bit.ly/3LohvWX

A woman held a bank in Lebanon hostage to take money out of her savings to pay for her sister's cancer treatment: 'I have nothing left to lose'

https://bit.ly/3QLdA7S via /r/Bitcoin https://bit.ly/3RSW56W

Mathematical evidence that Satoshi mined irrationally slowly, on purpose. They could have mined far more BTC if they had been greedy.

https://bit.ly/3LoXHmp via /r/Bitcoin https://bit.ly/3eZcDLO

A CBDC Would Be: About the worst possible thing to happen to the U.S./World

My god ... if you think your phone listens and spies on you, just wait until every. single. thing. you. ever. buy is watched, recorded, and used against you.

Holy shit. The implications of such a thing are ... bad. Everything Bitcoin solves, CBDC would be the inverse of.

Submitted September 17, 2022 at 07:51PM by Peranine https://bit.ly/3UbVEWZ

Bitcoin & nuclear power on the cover of Polish magazine "Business English"

https://bit.ly/3RUaIqG via /r/Bitcoin https://bit.ly/3QLkTwg