Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
- This forum has 8,392 topics, 27,865 replies, and was last updated 2 months, 1 week ago by
v46ab0nd.
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- Mass adoption does not mean mass ownership. Many people reject the idea of mass bitcoin adoption because they believe that the majority of the population is not going to be buying BTC, or they simply believe that most people are not tech-savvy enough to do so. What these people fail to understand is that mass adoption does not mean mass ownership. During the gold standard most people owned little to no gold, yet trough their currency they had adopted a gold based system and had indirect exposure to gold. Mass adoption does not mean everyone will have a wallet app on their phones and a hardware wallet at home. It means that your pension fund will own BTC. Your insurance plan will have a 10% allocation. Your workplace has a small "just-in-case" allocation on their balance sheet. The purchase you do at 7eleven in your local currency will be settled using the lightning network instead of the old system from Visa/Mastercard. The app you use to send money to your friends to split the Uber cost will be using lightning. Your local and state government will quietly own some too, either directly or trough some financial vehicle like a trust or an ETF. Most people will live their lives as normal but the services that make their world go around will be using magic internet money and they probably will not even know it. The only clue will be that they are somehow better off financially than before. The reason why all these services will adopt BTC is simple: Greed. They will save money on every transaction and they will most likely outperform anyone who doesn't hold any sats.
Started by:
v46ab0nd- 1
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- 2 months, 1 week ago
v46ab0nd- Your opinion on « fullrbf » ? I saw a lot of turmoil about this new feature on the GitHub of bitcoin. Could you give me your opinion on this function, what it implies and the problem it solves. Other things I would like to know what you think about the fact that the developers released an update even if it was rather controversial by the community. Thank you in advance.
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Retro_pex- 1
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- 2 months, 1 week ago
KAX1107- Does Bitcoins Rapid Price Drops Actually Increase Adoption Overtime? Working out a theory that BTC’s rapid price declines (and rises) are actually good for adoption. The rise is obvious, it pulls people in, but the rapid falls also keep a lot of people in because of the sunk cost fallacy and when prices start rising again they’ve usually done a lot more research and have a different (hodler) mentality. Few admit it but most buy before doing much research at all, they just chase green candles. Do you think BTC’s extreme volatility(even the downside) has actually helped increase adoption? Curious if anyones done any thinking about this. The huge bull markets aren’t really the focus, they obviously fuel adoption. But has the rapid downside played a bigger role than people think?
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anonymouscitizen2- 1
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- 2 months, 1 week ago
tohaz- BTC 👑 [Image] Image / BTC 👑
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0xthefutureishere- 1
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- 2 months, 1 week ago
BTClunker- An open letter to the European Central Bank [Image] Image / An open letter to the European Central Bank
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polloponzi- 1
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- 2 months, 1 week ago
coelectric- Brazil 🇧🇷 has officially recognized #bitcon as a means of payment source :- https://bitcoinmagazine.com/legal/brazil-approves-use-of-bitcoin-as-payment #BITCOIN #brazil #ETHIndiaco #ETHIndia #Web3 #blockchiantechnology #news [Image] Image / Brazil 🇧🇷 has officially recognized #bitcon as a means of payment source :- https://bitcoinmagazine.com/legal/brazil-approves-use-of-bitcoin-as-payment #BITCOIN #brazil #ETHIndiaco #ETHIndia #Web3 #blockchiantechnology #news
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cryptodracula- 1
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- 2 months, 1 week ago
BitcoinIsSimple- Do not forget to … buy BTC here. Yes. In this gas station. Florida, 11/30/2022 Do not forget to ... buy BTC here. Yes. In this gas station. Florida, 11/30/2022
Started by:
ClubBoth8908- 1
- 1
- 2 months, 1 week ago
ClubBoth8908- Gold mining vs BTC mining Gold mining vs BTC mining
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The_Fixer_69- 1
- 1
- 2 months, 1 week ago
The_Fixer_69- Galactic Standard BTC would make the most sense for a currency/store of value system of some planet straight out of an interplanetary science fiction novel. I somewhat feel like some intelligent species gave bitcoin to earthlings because they knew it was time. What if bitcoin is meant to become the currency of this planet, becuase it is the best most efficient means of an interplanetary storage of value/currency system. The bitcoin ecosystem, when used the right way, really is one of the most beautiful things ever created. In a world were everything is so political, and just by having certain opinions you can be banned or cencored, bitcoin just seems so right.
Started by:
IngersollLockwood- 1
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- 2 months, 1 week ago
Budget-Supermarket70- Question: How is it possible that a wallet like electrum can generate a new seed offline? How does it make sure that this seed isn’t used by somebody else? Is it just unlikely or is there an other mechanism ensuring that the same seed is not generated twice at two different points in time? Question: How is it possible that a wallet like electrum can generate a new seed offline? How does it make sure that this seed isn't used by somebody else? Is it just unlikely or is there an other mechanism ensuring that the same seed is not generated twice at two different points in time?
Started by:
futureisbright2031- 1
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- 2 months, 1 week ago
jcoinner- Moved all my BTC today to cold storage Best feeling ever. Set up my Ledger Nano X in less than a half hour and had all of my BTC secured in cold storage in seconds. Peace out Coinbase. ✌️
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tioculito- 1
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- 2 months, 1 week ago
DarthBen_in_Chicago- SBF down bad Is anyone watching his interview on cnbc right now? He is getting killed and you can see on his face he never should have agreed to this.
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Comfortable_Dress_21- 1
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- 2 months, 1 week ago
PuzzleheadedYellow19- From the European Central Bank. Anyone know what they’re talking about? [Image] Image / From the European Central Bank. Anyone know what they’re talking about?
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Leading-Fail-7263- 1
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- 2 months, 1 week ago
Connect-Ad-1088- Just Became a Whole Coiner Aped in during the 2020-2021 bull run. Bought a bunch of stupid coins. Thought bitcoin was old tech, yada yada Anyway, bought my first whole BTC this week, sent it to a hard wallet. Learned the lesson the hard way.
Started by:
PugachevK- 1
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- 2 months, 1 week ago
Vegas_42- Question regarding BTC’s market rate relative to inflationary currencies Something I've been wondering: Right now, obviously there are larger macro-economic and socio-political factors at play that are suppressing BTC's market value. However: * BTC is a deflationary asset * USD - and other national currencies - are inflationary assets If you are to value BTC against the American dollar with these two factors in mind, would it not be reasonable to expect the market value of BTC - relative to USD - to increase based on both of these factors? As in, BTC's value increases over time due to its decreasing *new* supply (mining rewards halving), but also simultaneously gains relative strength over the USD simply due to inflationary pressure on the USD? If this is the case, I think this relative gain in strength simply due to lack of inflationary effects (which all other currencies are exposed to) could be one of the largest driving factors in BTC gaining value relative to national currencies - especially given the current situation with high inflation. Once these broader market factors pass, one would expect that BTC would reflect this in its USD market rate - would it not?
Started by:
JustinPooDough- 1
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- 2 months, 1 week ago
SmoothGoing- Anyone else enjoying the sale/bear market? Keep stacking and remember to self custody your bitcoin in cold storage! [Image] Image / Anyone else enjoying the sale/bear market? Keep stacking and remember to self custody your bitcoin in cold storage!
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TetraCGT- 1
- 1
- 2 months, 1 week ago
TetraCGT- European Central Bank makes a clear statement about BTC’s future role. [Image] Image / European Central Bank makes a clear statement about BTC's future role.
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mredda- 1
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- 2 months, 1 week ago
SamWizza- Anyone have an issue withdrawing btc from Kraken Pro via lightning network using Muun wallet? As above. Each time I try it says: Something went wrong. Please try again later. I am past the 7 day ACH hold and all of that. No holds on my account.
Started by:
wayEyeseeit- 1
- 1
- 2 months, 1 week ago
wayEyeseeit- Best books for someone with intermediate (mainly philosophical) understanding of BTC? I have an academic background in philosophy & economics and have read "big picture" books like The BTC Standard. Overall, I think I have a solid understanding of why BTC is useful. However, I am essentially illiterate when it comes to computer programming. For example, I know what the general difference between proof of work vs. proof of stake is, however, I don't really understand what exactly these algorithms are that are being solved and what changes about them to make them more/less difficult. Similarly, I read about the 24.0 update and basically had no idea what they were talking about. In general, I'm looking for a book that focuses on the technical/coding details of BTC, but isn't meant for coders. Something similar to the For Dummies series, like, "BTC Technicals for Dummies." Although I prefer books, I am also open to other suggestions on how people who don't know anything about coding learned more about the code that runs bitcoin. I'm hoping to avoid books/content that cover the general topics mentioned in BTC Standard.
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dosttoy- 1
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- 2 months, 1 week ago
Wilynesslessness- Resources about BTC and the energy grid Hello all. I am putting together a presentation about bitcoin mining and how it helps secure the energy grid. Could you help point me to resources that I can do some further reading on this? Please link, articles, websites, anything that is reputable and wouldn't be embarrassing to use as a reference. I'm looking to specifically learn more about: * BTC mining securing the energy grid * Anything that debunks bitcoin energy related FUD * Anything that specifically relates to existing nuclear fission power plants taking bitcoin initiatives or incorporate bitcoin related projects Thanks!
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Big_Papa_Bear_- 1
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- 2 months, 1 week ago
Paper_Admirable- In order to save the planet, I vow to use only zero-emissions, 100% electric BTC miners. I would strongly urge anyone that genuinely cares about our planet to use only electric BTC miners. [Image] Image / In order to save the planet, I vow to use only zero-emissions, 100% electric BTC miners. I would strongly urge anyone that genuinely cares about our planet to use only electric BTC miners.
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KAX1107- 1
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- 2 months, 1 week ago
a10lber- Set your clocks for BTC o’clock [Image] Image / Set your clocks for BTC o’clock
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TheBTCTherapist- 1
- 1
- 2 months, 1 week ago
TheBTCTherapist- The first block ever mined with the words “times 3rd jan 2009 chancellor on brink of second bailout for banks” blows my mind every time I see it!! [Image] Image / The first block ever mined with the words “times 3rd jan 2009 chancellor on brink of second bailout for banks” blows my mind every time I see it!!
Started by:
Crypto-hercules- 1
- 1
- 2 months, 1 week ago
Crypto-hercules- BTC is dead, a comedy piece by European Central bank: “neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised.” “BTC system is an unprecedented polluter. ” BULL MARKET CONFIRMED NOW! It’s also worth noting that the BTC system is an unprecedented polluter. First, it consumes energy on the scale of entire economies. BTC mining is estimated to consume electricity per year comparable to Austria. Second, it produces mountains of hardware waste. One BTC transaction consumes hardware comparable to the hardware of two smartphones. The entire BTC system generates as much e-waste as the entire Netherlands. This inefficiency of the system is not a flaw but a feature. It is one of the peculiarities to guarantee the integrity of the completely decentralised system. Since BTC appears to be neither suitable as a payment system nor as a form of investment, it should be treated as neither in regulatory terms and thus should not be legitimised. Similarly, the financial industry should be wary of the long-term damage of promoting BTC investments - despite short-term profits they could make (even without their skin in the game). The negative impact on customer relations and the reputational damage to the entire industry could be enormous once BTC investors will have made further losses. Full text here: [https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130\~5301eecd19.en.html](https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html)
Started by:
cascading_disruption- 1
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- 2 months, 1 week ago
fainje- This is our final enemy: All the Central Banks around the world [Image] Image / This is our final enemy: All the Central Banks around the world
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DestructorEFX- 1
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- 2 months, 1 week ago
funkybeatz911- Now that Brazil has recognised BTC as a legal payment method does that mean you can buy a house a car etc just like you would with fiat.?? Now that Brazil has recognised BTC as a legal payment method does that mean you can buy a house a car etc just like you would with fiat.??
Started by:
Crypto-hercules- 1
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- 2 months, 1 week ago
imolecord- Dont trust Ledger Source: [https://www.ledger.com/privacy-policy](https://www.ledger.com/privacy-policy) https://preview.redd.it/wzo3v5j6y13a1.jpg?width=991&format=pjpg&auto=webp&s=046a34bf7e0771dca43bba5763910d9751896ece
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tppsch- 1
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- 2 months, 1 week ago
Universalbackstay- Node vs Ledger. Atm I have my sats stored on my ledger, but friends are pushing me to move them to a node. I’m not tech savvy, and building a node seems like a hassle in comparison to the ease of a ledger. What’s the better thing to do? What are the pros/cons of both systems? Node vs Ledger. Atm I have my sats stored on my ledger, but friends are pushing me to move them to a node. I’m not tech savvy, and building a node seems like a hassle in comparison to the ease of a ledger. What’s the better thing to do? What are the pros/cons of both systems?
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BelgianBeerGuy- 1
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- 2 months, 1 week ago
Marquez95- Coinmarketcap started ranking exchanges with a score, what do you think about this? [Image] Image / Coinmarketcap started ranking exchanges with a score, what do you think about this?
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AlexanderRow- 1
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- 2 months, 1 week ago
AlexanderRow- “Best Inflation Calculator” lmao I was trying to calculate how much a certain amount of fiat would be worth in 10 years and I came across [this gem](https://smartasset.com/investing/inflation-calculator). Anyone know how they can come up with this shit? Also, if I want to orange pill someone by telling them their fiat is worth less in buying power over time just by holding on to it, does anyone know how to calculate the number over multiple years? https://preview.redd.it/bsksnsoak13a1.png?width=908&format=png&auto=webp&s=304326f9c50d0bc3383615ad2156d72db8e37ae4
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Human-Yoghurt-5565- 1
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- 2 months, 1 week ago
John_Pig- More BTC ATM placements in Vietnam (this one at Indika in central Saigon) More BTC ATM placements in Vietnam (this one at Indika in central Saigon)
Started by:
BitcoinVN_News2020- 1
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- 2 months, 1 week ago
BitcoinVN_News2020- Took a few years off and checked the charts today. My dudes, it's almost Wednesday. There is a war and a pandemic going on. Supply chains are stretched, inflation is running like my neighbor's kid when he hears the ice cream truck and "nobody wants to work" if you believe that. The world is in the shitter anyway you look at, change is coming. Either the nukes start flying or the bull ride is coming. There is nowhere but up and BTC is selling at 70% off. My dudes, it's time to buy. Thanks for coming to my ted talk. I'm dumping my spare savings on BTC and coming back to sell it when everyone is telling me to buy. Update post TBD.
Started by:
Lakepounch- 1
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- 2 months, 1 week ago
sevendeadlysyns- How does the Tooth Fairy leave my kid BTC? Our son is 6 and he keeps asking for BTC. He asks for BTC because Dad loves BTC. In fact the only thing Dad loves besides him and mommy is BTC. People come to our house under the guise of “hanging out and enjoying each others company”, but then Dad corners them and urges them to buy and hold as much BTC as they can. Anyway our son is at the age where he is losing teeth and gets visited by the tooth fairy. The tooth fairy usually leaves him garbage fiat which he stuffs into a wooden alligator where it will eventually reduce to .1% of its current value. He has a loose tooth right now and I am worried if he sees another dollar under his pillow he is going to start asking to keep the teeth instead, as they may be more valuable in the long run. And so, thinking that this may be the perfect opportunity for our son to earn his first BTC, dad orange pilled the tooth fairy. Just like dad did to his Aunt Sarah, his swim instructor, the girl who cuts his hair, Kira and Michael’s parents and his speech pathologist. Turns out his 17 year old baby sitter is already laser eyed as fuck. Good for her. The tooth fairy is on board, but only under two conditions: Condition 1: The tooth fairy thinks it is important that leaving BTC is an opportunity to learn about it and secure it properly. After all, the BTC that gets left will be the only of that BTC ever created and if its gone, its gone forever. Just like his baby tooth that fell out. Condition 2: It has to be fun to find BTC under your pillow in the morning when you’re 6 years old. But how does a tooth fairy leave 30,000 sats under a pillow in a way that a 6 year old is going to be very excited about finding? My kid claims to love BTC but if he wakes up and sees a folded up 12 word seed phrase he is going to be pissed that the tooth fairy is making him practice reading first thing in the morning. Does anyone have any ideas we can pass along to the tooth fairy to make this a lot of fun and educational?
Started by:
ToothFairy21m- 1
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- 2 months, 1 week ago
BitcoinIslandPH- Lets “short squeeze” exchanges. Let’s repeat what we did with GameStop. There are a lot of people (exchanges), promising to give us our BTC when we ask them to do so. I bet: They don’t have them actually. They have BTC ON THEIR PAPER. But NOT in their very own wallet. They are actually not liquide enough, to give us our Bitcoins, which they pretend to have. Instead, they are using our own liquidity, to play against us (see FTX). We need to get rid of these blood-suckers. Lets all together withdraw our cryptos at once from these exchanges at one date. I propose the 17th of December for this squeeze, just one very week before Christmas, at which we all at once withdraw our BTC from all exchanges without exception. Why all exchanges? Because otherwise they will just support each other with liquidity, which will lead to centralisation of some very few exchanges. Thats enough time to advertise for this idea, to spread the word and to tell everybody.
Started by:
DasDouble- 1
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- 2 months, 1 week ago
Ragefan66- Patience will be rewarded [Image] Image / Patience will be rewarded
Started by:
vnielz- 1
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- 2 months, 1 week ago
Narmotur- A Hong Kong crypto just fell silent after scrubbing all tweets A Hong Kong crypto just fell silent after scrubbing all tweets
Started by:
Flimsy_Card8028- 1
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- 2 months, 1 week ago
Flimsy_Card8028- BlockFi defaults but sends me warning I have to pay back🤣🤣 [Image] Image / BlockFi defaults but sends me warning I have to pay back🤣🤣
Started by:
amiller7387- 1
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- 2 months, 1 week ago
cookmanager- Choose Freedom. Choose BTC. #NoCBDC [Image] Image / Choose Freedom. Choose BTC. #NoCBDC
Started by:
cryptograffiti- 1
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- 2 months, 1 week ago
cryptograffiti- Model One vs Model T I’m planning to move from storing on a software wallet, to a hardware wallet. BTC only, nothing else. Just plan to move my DCAs and occassional dip buys, for cold storage. I’ve been researching the differences, and am coming down to money, and a touchscreen. Is the touchscreen that big of a deal, to spend the extra dough?
Started by:
Otowner98- 1
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- 2 months, 1 week ago
senfmeister- New BTC Plan for 2023. Been rethinking my BTC accumulation strategy and I think starting in the new year I will increase my weekly/monthly DCA percentage. Whatever percentage of my weekly pay is contributed to my company’s 401K, I plan to DCA into BTC that exact number of my net pay. The risk imo is worth the reward. The goal is 1 BTC ✨Let me know what y’all think 🤔
Started by:
icedlattepapi- 1
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- 2 months, 1 week ago
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