Bitcoin Bitcoin is the apex predator of money |
- Bitcoin is the apex predator of money
- Daily Discussion, April 19, 2020
- No, JPOW!
- 288 hours to clear a check deposit! Modern banking system is inefficient.
- British cartoon from 1797, criticizing the government for abolishing the gold standard, leaving the little man with only fiat currency.
- #bitcoin. The best part of working from home.
- It’s coming folks...
- Bitcoin halving search in google trends now triple what it was in 2016!
- Haven't payed BTC much attention in the past while, but with the economy doing the thing right now I decided to invest a little
- Explain Like I’m 5.. what’s the bitcoin halving?
- Twitter, who's CEO Jack Dorsey is a large Bitcoin advocate, had their request to reveal Gov't surveillance requests blocked by a Federal Judge
- Sound money is the only fair system
- Q: When is the right time to buy bitcoin? A: When you no longer have to ask for validation that it's the right time.
- 760 Malicious Ruby Gems Found Targeting Bitcoin Addresses in Windows Clipboard
- $75 billion hedge fund Renaissance Technologies is eyeing the bitcoin futures market
- New fool proof indicator to see if it’s to late to invest in bitcoin. Ask yourself: is it nerd money? If yes: you are still early to the party.
- The Everything Bubble might have popped & that could be huge for crypto. Took me a while to compile the 25+ sources (Forbes, Reuters, Ray Dalio, Financial Times...)
- I did a thing the other day, and I'm actually going to hold it this time.
- Streaming my learning journey to trade crypto & playing some league too
- Weird character in a bitcoin address - what am I missing?
- Venezuela update. Last week 505 BTC (DOWN from 681) were traded using LocalBitcoin which is around 420,000000,000 Bs. (Bolivares) (ATH, last week it was 417,000,000,000 Bs.) Minimum wage is around 3,5 USD per MONTH. One BTC is 948,000,000 Bs. from 885,000,000 Bs. last week. AMA.
- Here is a challenge for r/bitcoin and your friends
- Whats the plan with Bitcoin?
- How many people will use their stimulus check on bitcoin? If so how much?
- Buying BTC without an ID verification
- Brrrrrrrrrr. In Bitcoin We Trust
| Bitcoin is the apex predator of money Posted: 18 Apr 2020 11:23 AM PDT "[Bitcoin] can't be changed. It can't be argued with. It can't be tampered with. It can't be corrupted. It can't be stopped. It can't even be interrupted. If nuclear war destroyed half of our planet, it would continue to live, uncorrupted." — Ralph Merkle" Read more here👇 https://www.danheld.com/blog/2019/1/6/planting-bitcoinspecies-14 [link] [comments]  | ||
| Daily Discussion, April 19, 2020 Posted: 19 Apr 2020 12:00 AM PDT Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. We have a couple chat rooms now! Please check the previous discussion thread for unanswered questions. [link] [comments]  | ||
| Posted: 18 Apr 2020 06:25 PM PDT
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| 288 hours to clear a check deposit! Modern banking system is inefficient. Posted: 18 Apr 2020 02:36 PM PDT
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| Posted: 18 Apr 2020 07:09 PM PDT
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| #bitcoin. The best part of working from home. Posted: 18 Apr 2020 07:32 AM PDT
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| Posted: 18 Apr 2020 08:51 PM PDT
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| Bitcoin halving search in google trends now triple what it was in 2016! Posted: 18 Apr 2020 01:29 PM PDT
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| Posted: 18 Apr 2020 03:56 PM PDT
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| Explain Like I’m 5.. what’s the bitcoin halving? Posted: 18 Apr 2020 08:49 PM PDT | ||
| Posted: 18 Apr 2020 07:18 PM PDT
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| Sound money is the only fair system Posted: 18 Apr 2020 08:00 PM PDT There's this keynesian theory that states an economy can't grow unless more gold is mined or paper money printed. It also states that as deflation happens and as prices fall businesses need to fire workers. How do people believe this baloney.. If we think of the currency supply as nothing more than a tool, a ruler that measures the wealth in a society, inflation would mean lengthening the ruler while wealth stays the same causing more notches to represent the same amount of wealth (more notches required to buy the same amount of stuff = rising prices), and deflation would mean shortening the ruler as the amount of wealth stays the same making the current wealth have to fit within less notches (less notches required to buy the same amount of stuff = falling prices). What happens under a sound money system like gold or bitcoin is not deflation in the technical sense as money is not being destroyed, money is just flowing away from non-productive countries and towards productive countries. Non-productive countries experience price falls for both goods and labour which makes their products slightly better value for money and more attractive again, and productive countries experience price rises for their goods and labour which makes their products slightly worse value for money and less attractive again, keeping this invisible push-pull phenomenon on commerce that keeps all countries balanced in their productivity over time. No single country grows to dominate the worlds manufacturing base, sound money works as a mechanism for fairness. The fact the money supply is stable does not prevent an economy from growing and people from creating more things to buy and sell in the same way keeping the unit of measurement the meter the same length doesn't stop more buildings from being built. Thinking a sound monetary system prevents economic growth is as backwards as thinking a unit of measurement like the meter staying static prevents more structures from being built. Expanding the length of the meter doesn't help more structures to be built it just distorts the entire process of construction. Under a sound monetary system with low levels of new money stock creation prices stay relatively stable or fall ever so slightly over long periods of time. If you run a business and find your cost of materials has fallen by 5% and you are now able to charge less for your goods so as to out compete your competition would this make you fire your employees? No, because you still sell the same amount of goods and make the same profit margin relative to the cost of goods as before given the fact the cost of all other goods in society have also fallen 5%. You as the business owner can still buy the same amount of stuff with your profits as before. If you wanted to take advantage of this and increase your profits you could lower your workers salary by say 1%. The winner in all of this is of course the worker as the cost of living has declined 5% but their salary has only fallen 1%, giving them an effective real pay rise of 4%. Today a workers pay rise is generally less than inflation leaving the worker worse off over time. Under a sound money system the worker doesn't just keep up with the cost of living year on year they get effective pay rises without promotions. On top of that the business owner can increase their profit without increasing sales all while workers are better off. Natural price falls due to efficiency gains under a sound monetary system make everyone wealthier whether they invented or contributed to the new efficiency gains in manufacturing or not. This is the natural benefit of a society getting more efficient over time. Everyone is better off as everyone is reaping the rewards of increased human productivity. Sound money enriches everyone simultaneously. Fiat currency impoverishes everyone while enriching only the people closest to the creation of new money, namely politicians and bankers. [link] [comments]  | ||
| Posted: 19 Apr 2020 02:11 AM PDT | ||
| 760 Malicious Ruby Gems Found Targeting Bitcoin Addresses in Windows Clipboard Posted: 18 Apr 2020 11:04 PM PDT
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| $75 billion hedge fund Renaissance Technologies is eyeing the bitcoin futures market Posted: 18 Apr 2020 05:48 AM PDT
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| Posted: 18 Apr 2020 05:47 PM PDT | ||
| Posted: 18 Apr 2020 10:11 AM PDT
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| I did a thing the other day, and I'm actually going to hold it this time. Posted: 18 Apr 2020 07:06 PM PDT
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| Streaming my learning journey to trade crypto & playing some league too Posted: 18 Apr 2020 07:20 PM PDT
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| Weird character in a bitcoin address - what am I missing? Posted: 19 Apr 2020 01:41 AM PDT Why is the third character of this bitcoin address funky? It isn't a lower-case 'x'. Copied and pasted from a block explorer: 38x1VqUjQ1LPNrKNcSJMpkLAfcEF6kenX7 - you can't see the difference in most fonts but if you paste this into blockchain.com you'll see it. EDIT: here is how it displays for me. https://imgur.com/llqmNvq Note the difference between the 'x' in this address and the 'x's in the other addresses visible in the same transaction below. [link] [comments]  | ||
| Posted: 18 Apr 2020 08:58 AM PDT Hi guys, it has been steady around 2000 BTC per month. It is both ways, using Bolivares to BUY Bitcoin and selling BTC to get Bolivares. In my opinion, there are some miners here, there is people that get Bolivares and want to exchange them to BTC, the own goverment, people that get paid in BTC or USD and use LBTC to get Bolivares. Banks are closed and ATM only give less than 1 USD per day. These volumes are only measured using Localbitcoin (LBTC) using their API (Coindance). Big part of that exchange come from Venezuelans that live abroad and send money to their families, miners, people that get paid in cryptos (freelancing) and even the own government. It has been STEADY around 2000 BTC per month. Other exchanges and other trades were done, but no way of measure them. Here in Venezuela situation is really hard, some people dont believe that amount is the minimum MONTHLY wage. I work and earn more than that BUT now because this situation my wage was slashed 50% (anyway, the amount is really low, I'm sure with that amount I would be living homeless in Colombia, Peru or Panama for example), usually get some donations from redditors and do some freelancing work (translating mostly) and it is really hard to keep up daily. AMA Ask Me Anything, any question! Sources: https://coin.dance/volume/localbitcoins/VES/BTC https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/ [link] [comments]  | ||
| Here is a challenge for r/bitcoin and your friends Posted: 19 Apr 2020 12:48 AM PDT Dear Community, I would like to advertise a challenge that just came around my mind, thinking about ~ 11 May - the Halvening nears! You don't know what the halvening is? Check back here, after you watched Andreas briefly explaing it. The ChallengeWatch the 3rd Bitcoin halvening from your own full node! This means setting one up if you don't already have one and come around a tool to watch the blocks trickle down onto the chain, live! Share your own node setup on r/bitcoin and your favorite communication channels when we halve! Recommendations:
LimitationsThe blockchain takes some time to verify as you download. Start early, you still have plenty of time but you want to start around the beginning of the first week of May at latest! Searching for tools in the world wide web comes with a huge influx of shady sites that want to grab crypto assets from a new-be. Make your own research, browsing multiple well known sites or ask the community of r/bitcoin, i.e. in the daily thread. This should not only be done when you are unsure about a specific tool or guide, but in general! "I have no idea about the tech, why should I take part?"The great side effect is, that after completing this challenge you can now trust yourself and no shady b(ch)lockchain.com sites while waiting for your tx confirmation. Also, hands-on is probably the best way to take the red pill in the Bitcoin space and it's great technology. Edit: Typos [link] [comments]  | ||
| Posted: 19 Apr 2020 02:33 AM PDT Thats the question im asking myself reading and thinking about Bitcoin. Im not invested yet but interested in that topic. Current situation is that for most people the main reason to buy Bitcoin is speculation. They just hold and hope for others to buy and drive the price up to make easy money. Orange coin good number go up. Second reason and the main reason for the other part is that they dislike banks and the monetary system. They want to be able to transfer value peer to peer outside our current system. But very few people actually transfer value using Bitcoin. Either they dont want to be the next "pizza guy" or Bitcoin is not accepted as payment method. I know that there is the lightning network being developed. Will this change anything about people spending Bitcoin? Im not an expert on this. But what i read about payment channels, locking up your Bitcoin and such gave me the feeling that this is still kinda complicated. Maybe im misjudging the situation. Please tell me. And how will this change in the coming years? Does it even have to change or are you satisfied with what Bitcoin means today? [link] [comments]  | ||
| How many people will use their stimulus check on bitcoin? If so how much? Posted: 18 Apr 2020 02:56 PM PDT | ||
| Buying BTC without an ID verification Posted: 18 Apr 2020 06:54 PM PDT I am having a really difficult time trying to find any websites that sell BTC or other cryptocurrencies without ID verification. The only one I have really found is localcoinswap, but the sellers don't have much reputation from what I can see. There's also cardcoins which takes giftcards, but they aren't available in my particular state (however they work in most other states). Can I use a VPN? I am in the USA. I don't mind paying with say moneygram or something, but preferably with paypal or some kind of giftcard. [link] [comments]  | ||
| Brrrrrrrrrr. In Bitcoin We Trust Posted: 18 Apr 2020 06:10 PM PDT
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