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?

) 9 Views 9
02 April 2011 at 02:44 AM
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1223 Replies

5
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Google releases a new quantum chip, Willow.
News article headlines pose the question: "Is Bitcoin Safe?", referring to the security of the encryption.

This is just a new variety of Elmer FUD right?

Oh, and for the lolz, are quantum computers already "priced-in" to this new ATH?


by BradleyT k

Give chatGPT 30 words 1 at a time, 24 of which are your seedphrase and have it write a short story using each word in a paragraph. Doesn't take long to memorize where the correct words are.

Make it a poem

by housenuts k

$100,000

Actually hit 101k.

Insert dancing emojis

Mmmmmm Damn we early
I was sure it was gonna be last week of before Xmas

by NLOmahaHL k

Google releases a new quantum chip, Willow.
News article headlines pose the question: "Is Bitcoin Safe?", referring to the security of the encryption.

This is just a new variety of Elmer FUD right?

Oh, and for the lolz, are quantum computers already "priced-in" to this new ATH?

If u can crack it
U can encrypted it using same tech


by pokerfan655 k

Lol that's your best response? Not even worth responding to that one.

Yet here we are.

Edit: Dang it MeleaB!


by NLOmahaHL k

Google releases a new quantum chip, Willow.

'Releases'... really?

you'll be long gone before that happens... besides, have you ever heard of the 'difficulty algorithm'?

Bitcoin will likely be low priority for any sovereign power that chooses to use Quantum computing as a weapon.


The big FUD is that Trump is doing the BSR because there's no Bitcoin buyers left and the Bitcoin Billionaires need taxpayer money to bail them out so they can exit. That's why the crypto industry gave Trump money this election.

Checks all the boxes for a lot of feet stompers - anti Trump, anti billionaire, anti capitalism, anti crypto.


by 27offsuit k

Yet here we are.

Edit: Dang it MeleaB!

Gotta take a break with your 40,000 posts.


I've still not grown fully accustomed to looking up BTC's price and seeing six figures. It is such a pretty sight!

by pokerfan655 k

Gotta take a break with your 40,000 posts.



sheep you'll be at 6969 posts soon


Who's selling their bags on inauguration day?


by shikari424 k

Who's selling their bags on inauguration day?

Wut


by housenuts k

Wut



Everyone too used to Bitcoin going up now. No one even bothering to post news of ATHs any more.


^I'm here for the price discovery now.

You'll also be happy to know that the guy(s) I told to buy at 20 and said they'd wait til it was 15, told to buy at 50 and said they would wait until 30, begged to buy at 15 and said they would buy sub-10k, were told about the new ATH earlier today watching football, and now they are DEFINITELY buying at 70.

They really like XRP though...


by 27offsuit k

^I'm here for the price discovery now.

You'll also be happy to know that the guy(s) I told to buy at 20 and said they'd wait til it was 15, told to buy at 50 and said they would wait until 30, begged to buy at 15 and said they would buy sub-10k, were told about the new ATH earlier today watching football, and now they are DEFINITELY buying at 70.

They really like XRP though...

They're never gonna buy.


Funny, I ended it with 'You're going to have to buy it eventually, why not start now?"

But yah, been falling on deaf ears for 4 years now. Ah well.


by 27offsuit k

Funny, I ended it with 'You're going to have to buy it eventually, why not start now?"

But yah, been falling on deaf ears for 4 years now. Ah well.



Are US citz allowed to hold spot BTC etf's in tax adv/retirement accounts?

Me: I'd like to hold BTC in my tax advantaged account please.
UK gov: No. Too risky.
Me: I'd like to hold a 3x Long Levered ETP that tracks a company that itself is 2x levered to BTC.
UK gov: seems fine.


by SpeedLimiter k

Are US citz allowed to hold spot BTC etf's in tax adv/retirement accounts?

Me: I'd like to hold BTC in my tax advantaged account please.
UK gov: No. Too risky.
Me: I'd like to hold a 3x Long Levered ETP that tracks a company that itself is 2x levered to BTC.
UK gov: seems fine.

yes, Roth IRA is one way.


by shikari424 k

Who's selling their bags on inauguration day?

Why would you sell when you can hedge using options? That's a major catalyst that wasn't available to institutional players before. The 'macro' podcast guys I listen to are giddy about that.


by raiders72001 k

yes, Roth IRA is one way.

I’ve got them in my Roth IRA, 401k via PCRA and my HSA.


The Bitcoin Policy Institute drafts an Executive Order for a Strategic Bitcoin Reserve for ����President-elect Trump...





Simple as this ain't it?


interesting price fluctuations since 100k


by RoadtoPro k

interesting price fluctuations since 100k

Care to extrapolate?

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