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?
It will be HI-larious when everyone blames the bitcoin bros for a Trump W.
Saylor also buying $700M bitcoin over the weekend, lol what a sicko.
The Biden Administration has also proposed a 30% tax on electricity used for Bitcoin mining, arguing that it hinders the transition to a low-emission energy future.
Wtf
I honestly don't understand at this point how people don't get this.
I was referring to bitcoin in general, globally. Wasn't even speaking to the post above mine asking about cold storage(that answer is Coldcard btw).
I sincerely had no idea how matrixed the masses were up until the last 4 years or so. I'm literally surrounded by morans.
Welcome to the world.
gl Dutch, looks like distributions are going to start earlier than anticipated.
Mtgox BTC and BCH distribution to creditors will commence July 2024: https://www.mtgox.com/img/pdf/20240624_a...
Market not currently a fan :(
So are all of us Americans voting Trump to pump our bags?
As it dipped below 60 today I group-texted 3 of my no-coiner friends, yet again, mentioning that they should get off zero. Been mentioning it to them since 2020, from 20k to 69k to 15k to now. And I quote:
OK when it drops to 30,000 I'll buy
I replied 'that is never coming so HFSP.'
This guy bets minimum 20k a year on sports and tried to sell me on Safemoon lol. It honestly doesn't even irk me anymore, I just laugh now.
Right before this exchange I said to them "When you say a few years from now '27offsuit, I wish you pushed me harder, buddy.' Well, this is me pushing you harder. Get off ****ing zero."
Maybe after Florida wins the cup
¯\_(ツ😉_/¯
Speaking more to he bets at least 20k a year across multiple sports, but can't find a way to buy even $1 worth of bitcoin. And he is by no means rich. I'm honestly trying to help him avert financial ruin. He's going to get melting-ice-cubed.
I have slowly DCAd since 2016 and own ~1.9 BTC.
If I never buy anymore am I doomed to financial ruin?
And you’re doing great!
Well I got kids now without a really significant income increase and it’s kind of a hard sell to keep rolling 500 a month into BTC instead of like a 529.
Serious question though - what is the end game look like when if there is 100 entities that control like half the total supply? Been trying to find a good read on that that isn’t some 100 tweet long fever dream.
Well I got kids now without a really significant income increase and it’s kind of a hard sell to keep rolling 500 a month into BTC instead of like a 529.
Serious question though - what is the end game look like when if there is 100 entities that control like half the total supply? Been trying to find a good read on that that isn’t some 100 tweet long fever dream.
Ironically, digital surfdom.
Well I got kids now without a really significant income increase and it’s kind of a hard sell to keep rolling 500 a month into BTC instead of like a 529.
Serious question though - what is the end game look like when if there is 100 entities that control like half the total supply? Been trying to find a good read on that that isn’t some 100 tweet long fever dream.
What end game? We'll all be dead by then...Or half cyborg
Bitcoin is going to wick down to almost 50k and it and will the perfect buying opportunity
Serious question though - what is the end game look like when if there is 100 entities that control like half the total supply? Been trying to find a good read on that that isn’t some 100 tweet long fever dream.
Why would your utxo be different than theirs? Why do you care who owns the other UTXO's on the network?
Do my UTXO's affect yours?
