Bitcoins - digital currency

Bitcoins - digital currency

Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:

  • Bitcoins can be sent easily through the Internet, without having to trust middlemen.
  • Transactions are designed to be computationally prohibitive to reverse.
  • Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.

Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold

Any value to this idea or will it never work?

) 10 Views 10
02 April 2011 at 02:44 AM
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1231 Replies

5
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by unit18 k

He’s a billionaire. On UpOnly he kinda gave it away when they asked him about buying an NBA team. He went all in when btc dipped to 3800 sold everything he had. Blitz told him he was foolish to do so, look who’s laughing now lol.

Back in BigPokerSunday’s Bob did say his networth was less than 9figs. (PokerRoad years, Huff hosting)

The first bit was actually confirmed by Blitz too. I forget what interview but Blitz talked in some pod about how he knew someone who had gone all-in on BTC and is now mega wealthy. He didn't mention Bob by name but it seemed pretty obvious that he was talking about him.


100 points away from ATH!

Price Discovery FTW!


by Jupiter0 k

How much demand do you guys think the resumed bull market will add to more Bitcoin mining operations? Do you think the demand for GPUs for mining will be like 2016, 2017 again?

not really...


Here we go!


thats it... $69,020!


69030


69076


69,300


Going for 70K


profit taking... ugh


Snowden says we'll find out a government has been buying.
Secret wallet buying 100 BTC a day since Nov 2022 has over 51,000 BTC now.

Saudi/UAE buying BTC with today's over printed USD ponzi bucks. Drive price of sats up before re-pricing oil in sats. Force every country to buy BTC for oil after they front ran everyone.


old news is old...


Btc downnnnn


Only need another drop of ~$50,000 for tooth to get back in here.


It’s gonna be all over baby.


by hansmolman k

Only need another drop of ~$50,000 for tooth to get back in here.

Soon tm


Lev got flushed. 61k bid got filled. LFG!


by unit18 k

Lev got flushed. 61k bid got filled. LFG!

it touched 59k

bitcoin is ded


by tarheels2222 k

It’s gonna be all over baby.

You buy and it’s all over baby. swigs corona.




That's a well known and often quoted technical analysis.



Run it back [emoji573]


The halving is coming...


godson how are you mang? long time no see

what you been up to?

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