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?
K thx
Funny on Bloomberg News lines earlier today, the « conclusion man » of the documentary said today he denied he was satoshi !
Nobody wants to be Satoshi, even though it's worth something like $60 billion. Likely the real Satoshi had enough untraced coins to get rich without having to touch the original million BTC.
Can you feel it?
Sure feels like we should blow past 75k soon. I can feel it in my plums!
I also think Q4 is going to be pretty good.
McRib is back
Wen moon??
Actual all time high right now?
Nobody wants to be Satoshi, even though it's worth something like $60 billion. Likely the real Satoshi had enough untraced coins to get rich without having to touch the original million BTC.
FWIW , after seeing that story in Canada and how technology could be aim by the justice department because some costumers can use It for criminal activities , I’m not surprise satoshi hiding (if still alive ) .
Using the same narrative , I could see many governments throughout the planet to go after him , like they did with wiki leak and other technological mediums like this chat encryption….
ATH...
why this big move in the last week? thats just priicng in trump win?
wonder what it does if harris wins
There is one reason why.... because people are buying. Price per btc is an exact reflection of the liquidity in the system.
Zero dollars in the network, $0 btc. 1.3 trillion dollars in the network, $72,000 btc.
One influence to people buying... to liquidate the shorts.
1) number go up technology
2) more buyers than sellers
it's an exact reflection of the market cap, which is just the stock of btc times the last price someone paid for it. you can have illiquid markets with huge market caps or vice versa
Zero dollars in the network, $0 btc. 1.3 trillion dollars in the network, $72,000 btc.
for every $72,000 someone puts into btc someone is taking $72,000 out. there's not $1.3T stockpiled 'in the network'
Spoiler
why this big move in the last week? thats just priicng in trump win?
wonder what it does if harris wins
Both Presidents will print mind numbing amounts. That money eventually ends up invested into assets and inflating asset prices over the following 12-16 months.
China also has a $1.2T stimulus bazooka about to launch. Possibly more if Trump wins.
Bullish either way but with Trump we may get some sort of US Gov't buying or game theory playing out.
if you have 20-30 minutes to kill and want to read some smug self-indulgent reasons on BTC’s recent move, may i present the following.
sadly, he left out the most important piece: number go up technology
