Saturday 31 December 2022
Bet you didn't expect that, Peter.
Submitted January 01, 2023 at 02:45AM by stratosphericus https://bit.ly/3G4Zvih
Bet you didn't expect that, Peter.
ππ HAPPY NEW YEAR!
Finally!!
Submitted January 01, 2023 at 01:14AM by Easy-Dish-7439 https://bit.ly/3jJDmyk
Finally!!
I think I migrated to the final bitcoin phase
I find it funny that facebook (meta) stock price is down more than btc over the past 12 months (61% vs 64%)
Friday 30 December 2022
BTC Lifetime Average (LTA) and other curious BTC price facts.
As of today, the lifetime average price of bitcoin is $7,785.13.
The average price for 2022 is $28,289.12
The highest yearly average was $47,299.06 in 2021.
The second greatest year over year increase was 1,778.06% from 2012 to 2013.
The greatest year over year increase was 16,666,566.67% from 2009 to 2010
Submitted December 30, 2022 at 12:09PM by munehungre https://bit.ly/3Cgnt95
Wondering why BTC is still red when it’s purpose of existence was exactly what’s happening yet again
How would you describe bitcoin’s main usecase?
People tend to argue: Bitcoin is a hedge against the monetary system as a whole. If it fails - for example in Europe or the US, we would be in a crisis we have never been before. So betting on this event might seem quite risky.
Submitted December 30, 2022 at 03:24PM by Mx1511 https://bit.ly/3IilRjb
bitcoin is sixth largest currency in the world (I didn't know that)
I heard it on the BBC (radio 4) the other day and just checked it out. Found this site[1]. I guess there are others. If you want to listen to the BBC prog I heard it on then it's here[2].
[1] https://victormochere.com/top-10-largest-currencies-in-the-world
Submitted December 30, 2022 at 03:50AM by medialAxis https://bit.ly/3vsT9UR
Put a bitcoin ring on it!
Submitted December 30, 2022 at 07:00PM by SatStandard https://bit.ly/3Q0rIvf
Thursday 29 December 2022
The entire ₿itcoin blockchain can fit in this....
Submitted December 29, 2022 at 10:03PM by E_Cash https://bit.ly/3C8vgWG
Bitcoin Lightning Network, by Michael Saylor
We still alive??
Submitted December 29, 2022 at 06:54PM by Glittering-Ant2018 https://bit.ly/3YTkEEF
Inspired by Michael Saylor
Is this plausible
Submitted December 29, 2022 at 07:12PM by Glittering-Ant2018 https://bit.ly/3VvDpLq
The entire ₿itcoin blockchain can fit in this....
Wednesday 28 December 2022
Bitcoin sucks?
I'm in El Salvador and wanted to embrace Bitcoin as it's legal tender here, at least on paper. Here's my gripes so far:
- It costs money for everything! Want to buy it? There's a fee. Want to use it? There's a fee. Cash it out? You better believe there's a fee.This is a massive disadvantage to using USD as once you have USD, there's no fees to use it.
- It's slow AF. Even when using the lightning network. When I paid for my groceries yesterday, it took so much longer than using my visa card or cash. The checkout lady basically gave me death stares, I held up the line and the transaction took ages. Then she had to put in some code. Which she got from a book. Did I mention it took ages. Oh and it cost me an extra dollar for the privilege.
- it's volitile. Locals may accept it but they go and cash it out ASAP. They don't want Bitcoin, they want USD. Most live day to day so they're not looking for investments.
Going forward I won't be using it at all. The only possible use case would be if I was to buy a car or something and it was cheaper and faster than an international wire, but day to day no way.
I'm aware that contrary opinions aren't necessarily welcome on a Bitcoin subreddit but I'm interested in what you guys have to say given the obvious drawbacks I've experienced.
Submitted December 29, 2022 at 12:48AM by 88xeeetard https://bit.ly/3G0Fppj
Bitcoin sucks?
Microstrategy Bought 2,395 BTC From November to December 2022 for $42.8M
Submitted December 28, 2022 at 09:25PM by xavier_mamba https://bit.ly/3FY9Xbe
2022 was so wild
PSA: Don't hold own keys. Trust other people to hold your money for you. >they would never betray you
Submitted December 28, 2022 at 10:33AM by metalzip https://bit.ly/3GkLoGR
Saylor at a party
Tuesday 27 December 2022
the peaceful revolution
No Words Needed π️π️✨
At what price will you buy more?
Submitted December 27, 2022 at 08:03PM by 8IIIID https://bit.ly/3WJ7Grd
Sending Philippine Peso to British Pounds over lightning.
At what price will you buy more?
Explaining What Bitcoin is to family and friends at Dinner -(A Very good explanation)
Submitted December 27, 2022 at 08:56PM by cryptokoalaAus https://bit.ly/3Vw6tT4
Monday 26 December 2022
Finally ... a new Full Node is born in Germany ;-)
Submitted December 26, 2022 at 09:28PM by the_savior_on_time https://bit.ly/3GkszDI
There are reports on Twitter that some Russian banks are out of cash and bank runs are happening. Anyone from Russia can verify? Frozen bank accounts are Bitcoins best marketing tool.
If grandparents can write checks, they can send Bitcoin
Submitted December 26, 2022 at 05:28PM by parrocat5 https://bit.ly/3GiFk1r
Throwback To This 2010 SuperViral Classic (6.3 Million Views)
Submitted December 26, 2022 at 07:13PM by MilkedPolitician https://bit.ly/3WFS084
This guy trying to buy the dip from me
Submitted December 26, 2022 at 10:58PM by joevinci https://bit.ly/3jp7fnv
Saving up some Sats ⚡
This guy trying to buy the dip from me
Sunday 25 December 2022
my first full node.. please recommend what lightning apps should I install?
Submitted December 25, 2022 at 05:31PM by dcdplex https://bit.ly/3PZ9dHC
Bitcoin halving is 15 months away π
Submitted December 26, 2022 at 01:35AM by parrocat5 https://bit.ly/3jw14ON
The past few months have made me even more bullish on bitcoin
Bitcoin halving is 15 months away π
Oman Sovereign Wealth Fund launches 200MW Bitcoin mining centre as part of its Green Data City project
Submitted December 25, 2022 at 07:29PM by KAX1107 https://bit.ly/3WEbN8x
Its so beautiful to watch your node connecting to peers and verifying blocks after a power outage.
Saturday 24 December 2022
109 years ago today, the Federal Reserve was founded. Since then, the US dollar has lost over 96% of its value.
Submitted December 25, 2022 at 12:12AM by azlanbull https://bit.ly/3WEas0S
When you tell r/IRS that bitcoin is beyond seizure.
Every year during the holidays, I re-watch this 3blue1brown video on how bitcoin works. Merry Christmas everyone!
Submitted December 24, 2022 at 10:54AM by mwp4mvp37 https://bit.ly/3WIrKdf
109 years ago today, the Federal Reserve was founded. Since then, the US dollar has lost over 96% of its value.
With Christmas in 1 Day, I hope everyone has a safe and Happy Holidays!
Submitted December 24, 2022 at 05:37PM by No-Improvement-8180 https://bit.ly/3WFtWCb
Merry Christmas, Bitcoiners. Keep Hodlingπ✨
Option 3: buy btc as a present. #BTC
Friday 23 December 2022
BITCOIN Cafe At Thailand! Coffee tasted better now with just 5000Sats ☕
Submitted December 24, 2022 at 02:07AM by parrocat5 https://bit.ly/3hOFft3
Inflation be like
Submitted December 23, 2022 at 05:14AM by meatismoydelicious https://bit.ly/3Wn7RZl
BITCOIN Cafe At Thailand! Coffee tasted better now with just 5000Sats ☕
Does anyone want my bitcoin money? It's only $13 and I'm just trying to close my Coinbase account. Won't let me close it unless I do something with the bitcoins.
El Rastro (main flea market in Madrid)
Submitted December 23, 2022 at 03:12AM by DaveGCia https://bit.ly/3BVNbiV
Not your keys, not your crypto.
Thursday 22 December 2022
FTX founder Sam Bankman-Fried to be released from jail on $250 million bail
Memories are the best
Submitted December 23, 2022 at 12:11AM by rDevPaul https://bit.ly/3hJUJhY
Bitcoin is The “Only Game in Town” Says Paxful CEO
Bitcoin
Submitted December 22, 2022 at 10:09PM by BatmN23 https://bit.ly/3hHNYgO
Still bullish: 40% of survey respondents plan to buy crypto in 2023
Bitcoin is worthless
Submitted December 22, 2022 at 09:43PM by purepr00f https://bit.ly/3hMLbTi
Wednesday 21 December 2022
Me accepting Bitcoin payments on my bussiness
Stop telling people how much bitcoin you have
I know it's fun, especially when the price moves up...but telling people how much bitcoin you have is not good. why?
- Hurts relationships. Jealousy-humans are envious. It will hurt friendships if you become the rich person if everyone else is average/poor.
- Hurts income -the thing you are using to acquire more btc. Do not, for the love of all that is holy, tell your boss, even if said boss owns btc, that you own a lot. If you own 10 btc, tell him you own 2. If bitcoin goes up a lot, he will say "well Joe doesn't need a raise". And he will deliver it by saying "Joe we really need to keep Tammy on and pay her more, you're ok, right"
- Gives you a false sense of wealth. You start seeing your ledger balance, you stop stacking. You start spending. I should have had 4 rental properties-I did-but I had to give them up, and now I have 2. I decided to blow money on some stupid ass shit and could have kept at least one instead of paying for dinner for a bunch of fake ass freeloaders. Many people I believe will regret that they have 1/2 to 2 btc when they could have easily had 5-10. I believe there is no excuse for anyone in the first world who has a family they can live with to get to 5 coins.
- Safety-You are not helping yourself by letting people think you have a valuable asset UNLESS you live in an extremely safe area. Look at la, look at nyc. People getting robbed on the streets. You might be an honest person; many people will steal, hurt, rob, for $10. Imagine what they are willing to do for hundreds of thousands or millions.
- Keeps you from the big goal. Money is supposed to be spent. For many, money can be: I can retire at 50 instead of 60. For others it can be I can take a job I want versus the job that pays now. It could be a gt3...and for a few, it will be the ability to live life on your own terms. I beg of you: that dumb watch, that fast car, the lavish gifts-they mean NOTHING. Reach for the big goal.
- Makes you a gambler. For many, I believe we HAVE not seen the real gambling begin in housing, crypto, or the stock market. Look at how many very smart people went bust who took leverage-primarily because they were greedy and thought they were late to the party. Stay humble.
Submitted December 21, 2022 at 07:11AM by Tryingtodoit23 https://bit.ly/3WgRGgi
Just checking if y’all self custody your Bitcoin
Paxful CEO personally writes to 11.6 million users explaining why Paxful has delisted all shitcoins
Submitted December 21, 2022 at 11:27PM by KAX1107 https://bit.ly/3FOBs79
Core Scientific is filing for Chapter 11!!!
Paxful CEO personally writes to 11.6 million users explaining why Paxful has delisted all shitcoins
Tuesday 20 December 2022
An interesting title
The basic economics of why Bitcoin has value
I've been seeing a lot of new people that seem to have no grasp on the basics of economics regarding currency, what gives it value, etc. I posted this as a comment in another thread that didn't get much attention, so I thought I would post it again as its own post to help those who are new to Bitcoin or don't have much understanding of the fundamental value proposition of Bitcoin as a currency.
First you need to ask yourself why the Dollar has any value. Learn a bit about the history of money. The first currencies were commodity money. They derived their value from their intrinsic use. But they were cumbersome to use. So we invented paper money that was backed by commodities such as gold, which could be exchanged for it, and gave it value. In 1971 the US Fed stopped allowing Dollars to be exchanged for gold, making our money fiat money with no backing. Fiat means "command". It is created out of nothing by an issuing authority.
Now think about what the Federal Reserve has been doing, and the effects their actions have had on the economy. They previously lowered interest rates to 0%. Interest rates are the cost of obtaining money. Money that has no cost to obtain has an unlimited supply and its value will trend toward zero as the supply is diluted. The money supply has been increased by more than 40% over the last 2 years, and much more than that over the previous century. You can view the Fed's own data here: https://fred.stlouisfed.org/series/M2SL . The value of the Dollar over the long term is trending toward zero, along with every other fiat currency. Look at this chart and see how much value it has lost over time. https://www.officialdata.org/us/inflation/1800?amount=1
Most money is already digital. It's just a database in your bank's servers that has names associated with amounts. Less than 10% of the money supply exists as cash. It would be impossible for everyone to convert their electronic deposits into cash. Banks actually create even more money when they make loans.Reserve requirements were suspended in the COVID era meaning banks could create unlimited amounts of loans with no reserves at all. And what happened? The value of the Dollar tanked, of course. As it will continue to do once they start the money printer up again, once they get past the threat of higher than normal inflation.
This is stuff you would learn in an intro Economics class. But it's very fundamental to understanding why any currency has value, or loses its value. Money derives its value from being something that is: fungible, durable, divisible, portable, and limited in supply. The more of these properties it has, the better it is as money. It must serve as a unit of account, a medium of exchange, and a store of value. The better it is at these things, the better it is as money.
Bitcoin has all of these qualities, making it useful as money. It's much more divisible than the Dollar, much more portable, and more limited in supply. Since 2013, the Bitcoin network has not had a major outage or hack despite being an extremely high value target. It is free and open source, with out a central authority. So far, its value has only gone up over the long term despite its high volatility in the short term.
Limited supply is essential a currency's potential as a long term store of value. Many countries have hyperinflated their currencies with disastrous results. Right now around the world many countries are experiencing extremely high amounts of inflation. Learn about what has happened in Argentina, Venezuela, Zimbabwe, Hungary, and many more countries due to hyperinflation. It's a crisis around the world. Almost all the world's countries use fiat currency now. Many people in these countries face authoritarian governments, or do not have access to a stable currency. Bitcoin has obvious usefulness to these people as well as anyone else who wants an alternative to fiat money that will do nothing but lose value over time.
Submitted December 20, 2022 at 03:07AM by Future-Iterations https://bit.ly/3WxcHmx
When you travel back in time to buy Bitcoin at $1
I wish I had the guts to go all in…
I live in Brazil and for my whole life experienced politicians not only stealing my tax money but directly interfering in my life destroying everything I earned thru lousy moves that only devalued our currency against US dollar, let alone inflation. Although I keep 30% of my net worth abroad which includes 15% on BTC I still dream about the day I could have all my money on BTC and just laugh my axx off every time I see on the news these politicians destroying my country’s economy. But unfortunately I’m not in position to do so since I can’t risk my family future putting all on BTC. Note that I don’t dream about becoming filthy rich when buying BTC but only about the freedom it could bring me. For now it’s just a dream that I share with you all…
Submitted December 20, 2022 at 11:42PM by euodeioserbrasileiro https://bit.ly/3FIN7nR
I wish I had the guts to go all in…
Could the FTX collapse actually be GOOD for Bitcoin?
Submitted December 20, 2022 at 05:46AM by kinetic_jfig https://bit.ly/3PEVtl9
Monday 19 December 2022
AMA: Sold Real Estate to buy Bitcoin
I sold real estate worth mid six-figures and I'm buying Bitcoin. Ask me anything.
(Using throwaway for privacy)
Submitted December 19, 2022 at 06:27PM by omagoret https://bit.ly/3FHLUNt
Nigerian anti-crypto policy doesn't work. The authorities decided to allow Bitcoin again.
Submitted December 19, 2022 at 09:19PM by dananon44 https://bit.ly/3hEoBfI
Bitcoin 'may be just a passing fad as millions give up on it'
Game of Numbers #BTC
Submitted December 19, 2022 at 02:27PM by Some-Championship941 https://bit.ly/3v2mxRE
AMA: Sold Real Estate to buy Bitcoin
Nigeria Looking To Legalize Bitcoin Usage ; (because they can´t stop it ¯\_(γ)_/¯ )
Submitted December 19, 2022 at 06:20PM by Bitcoin_Maximalist https://bit.ly/3FFWyEu
It has been 32 days since Gemini Earn withdrawals were frozen and BarrySilbert still owes users $900M.
Sunday 18 December 2022
Not your keys not your coins #BTC
For everyone who thinks credit/debit card payments are easy, wait till the cost is transfered to the user.
Submitted December 19, 2022 at 01:17AM by Skyworthe https://bit.ly/3FBKvbh
In Lebanon, people are resorting to bank robbery to access their own money : NPR
For everyone who thinks credit/debit card payments are easy, wait till the cost is transfered to the user.
BIS Allows Banks to Hold 2% Of Their Reserves in Cryptocurrencies
Buy Bitcoin
Saturday 17 December 2022
Banks have been fined more than $340 billion since 2000 for violating the rules. Bitcoin is not the problem. The current system is. Bitcoin is the solution.
The current system requires that we can have blind trust in the institutions, but history has shown us that they never cease to violate this trust.
Since 2000, banks around the world have had to pay more than $340 billion in penalties for violations of rules in the financial services world. The reasons for these violations are varied:
- Mortgage abuses.
- Fraud.
- Toxic securities abuses.
- Investor protection violation.
- Economic sanction violation.
- Consumer protection violation
- Foreign Corrupt Practices Act.
- Anti-money-laundering deficiencies.
- Banking violation.
- False Claims Act and related.
- Foreign exchange market manipulation.
- Price-fixing or anti-competitive practices.
- Interest rate benchmark manipulation.
- Tax violations.
I'll stop here, but I assure you that the list is long. To get a better idea, I invite you to discover for yourself the Violation Tracker maintained by the Good Jobs First website: https://violationtracker.goodjobsfirst.org/industry/financial%20services
At the top of this shameful ranking:
- Bank of America - $83B in penalty
- JPMorgan Chase - $36B in penalty
- Citigroup - $25B in penalty
- Wells Fargo - $22B in penalty
- Deutsche Bank - $18B in penalty
Submitted December 17, 2022 at 10:56PM by sylsau https://bit.ly/3FZwSUF
Some small denomination cards to give away this holiday season. They will get Sats “from Satoshi”
Cops pull over former FBI, now cyber security (self described “hacker”). They start rummaging through his wallet and show seed words on body cam. Cop has no idea what he’s looking at.
Submitted December 17, 2022 at 10:40PM by labatte https://bit.ly/3jdQ0pj
Banks have been fined more than $340 billion since 2000 for violating the rules. Bitcoin is not the problem. The current system is. Bitcoin is the solution.
98% of all BTC addresses belong to small retail holders! What a Marketer's Dream!!
Why is this so?
BTC represents Hope!!
We major tenants as well as the new and future BTC Maxi's believe that as money is separated from State, the political class gets demonetized globally. This means their ability to make war is over. The military industrial complexes collapse a little, and all the energy, money, and resources spent there can get redistributed. This is bitcoin's vision of wealth redistribution. The hope is borders fall a bit, and tax levies are impaired enough that only projects of value with transparent accounting get the cut. This is the future for a world of peace and civility for our planet. This is what is necessary for our future generation's survival. The hope is because BTC has a habit of appreciating in value, consumer's time preferences get longer, and gone is the mindless nonsense consumerism, and this combined with deflationary pressure of the asset, not only keeps consumer prices equitable, but allows someone working even a menial job the ability to store their work energy in an asset that won't depreciate.
BTC Dystopia:
We never said that BTC is without flaws.
- It won't be easy watching as most of the brick and mortar banking institutions shut their doors because they are not needed as much anymore.
- It won't be easy watching our military forces budget reduced by half or more.
- It won't be easy watching a full hour of TV without seeing a pharmaceutic ad.
- It won't be easy watching that abandoned building on the corner transformed into a food service bank for those who have nothing and are hungry.
-
It won't be easy watching that other building adapted to a free medical facility for those who have less.
BTC Utopia:
Thank god we still have the the ole' standard of Centralized Government intervention, I enjoy being poor.
Submitted December 17, 2022 at 04:15AM by pazsworld https://bit.ly/3HDfFlo