• Breaking News

    Wednesday, April 28, 2021

    Home Unlabelled Bitcoin Bitcoin Newcomers FAQ - Please read!

    Bitcoin Bitcoin Newcomers FAQ - Please read!

    April 28, 2021

    Bitcoin Bitcoin Newcomers FAQ - Please read!

    Bitcoin Newcomers FAQ - Please read!

    Posted: 06 Jan 2021 08:06 AM PST

    Welcome to the /r/Bitcoin Sticky FAQ

    You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.

    It all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential:

    Some other great resources include Michael Saylor's Hope.com and "Bitcoin for Everybody"' course, Jameson Lopp's resource page, Gigi's resource page, and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.

    If you are technically or academically inclined check out developer resources and peer-reviewed research papers, course lectures from both MIT and Princeton as well as future protocol improvements and scaling resources. Some Bitcoin statistics can be found here, here and here. MicroStrategy's Bitcoin for Corporations is an excellent open source series on corporate legal and financial bitcoin integration.

    You can also see the number of times Bitcoin was declared dead by the media (LOL) and what you could have earned if you didn't listen to them! XD

    Key properties of Bitcoin

    • Limited Supply - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the inflation schedule. Once they are all issued Bitcoin will be truly deflationary. The halving countdown tells you how much time until the next drop in block rewards.
    • Open source - Bitcoin code is fully auditable. You can read and contribute to the source code yourself.
    • Accountable - The public ledger is transparent, all transactions are seen by everyone.
    • Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
    • Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
    • Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
    • Low fee scaling - Most wallets calculate on chain fees automatically but you can view fee estimates and mempool activity if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
    • Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
    • Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.
    • Pseudonymous - No need to expose personal information when purchasing with cash or transacting.
    • Secure - Blocks and transactions are cryptographically secured (using hashes and signatures) and can't be brute forced or confiscated with proper key management such as hardware wallets.
    • Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being met
    • Nearly instant - From a few seconds on the lightning network to a few minutes on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
    • Peer-to-peer - No intermediaries taking a cut, no need for trusted third parties.
    • Portable - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by memorizing it for wallet recovery (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
    • Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.
    • Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.
    • Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiat

    Where can I buy bitcoin?

    Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.

    You can also purchase in cash with local ATMs. Services such as CardCoins let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use Bitwage.

    Note: Bitcoin are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.

    Securing your bitcoin

    With bitcoin you can "Be your own bank" and personally secure your bitcoin OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoin for you.

    • If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended.

    • If you cannot afford a hardware wallet there are many software wallet options to choose from depending on your use case. Mobile wallets like BlueWallet are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.

    • If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini or Unchained Capital but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, "Not your keys, not your coins" meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them.

    Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!

    2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.

    Avoid using your cell number for 2FA. Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.

    Google Auth Authy OTP Auth andOTP
    Android Android N/A Android
    iOS iOS iOS N/A

    Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See Yubikey or Titan to purchase security keys.

    Both Coinbase and Gemini support physical security keys.

    Watch out for scams

    As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, "Don't trust, verify".

    • Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use DuckDuckGo instead, which has no ads, and never tracks you as well.
    • Ignore private messages offering services.
    • Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
    • Always check addresses on your hardware wallet before sending or receiving. Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
    • Avoid clicking on links like that look like links, such as https://www.google.com/, without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.

    Common Bitcoin Myths

    Often the same concerns arise about Bitcoin from newcomers. Questions such as:

    • Is Bitcoin a Ponzi scheme?
    • Will governments ban Bitcoin?
    • Will quantum computers break Bitcoin?

    All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:

    Where can I spend bitcoin?

    Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card or Fold card. Some other useful site are listed below.

    Store Product
    Bitrefill, Gyft Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
    Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
    NewEgg and Dell For all your electronics needs
    Piixpay, Bitbill.eu, Bylls, Coins.ph, LivingRoomofSatoshi, Coinsfer, and more Bill payment
    Menufy and Takeaway Takeout delivered to your door
    Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
    Cryptostorm, Mullvad, and PIA VPN services
    Namecheap, Porkbun Domain name registration
    Stampnik Discounted USPS Priority, Express, First-Class mail postage

    Coinmap and AirBitz are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at wheretospendbitcoins.co.uk.

    There are also lots of charities which accept bitcoin donations.

    Merchant Resources

    There are several benefits to accepting bitcoin as a payment option if you are a merchant;

    • 1-3% savings over credit cards or PayPal.
    • No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
    • Accept business from a global customer base.
    • Increased privacy.
    • Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.

    If you are interested in accepting bitcoin as a payment method, there are several options available;

    Can I mine bitcoin?

    Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read the mining FAQ. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.

    If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node. You can view the global node distribution for a visual representation of the node network.

    Earning bitcoin

    Just like any other form of money, you can also earn bitcoin by being paid to do a job.

    Site Description
    WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /r/Jobs4Bitcoins, BitforTip, Rein Project Freelancing
    Lolli Earn bitcoin when you shop online!
    OpenBazaar, Purse.io, Bitify, /r/Bitmarket Marketplaces
    /r/GirlsGoneBitcoin NSFW Adult services
    A-ads, Coinzilla.io Advertising

    You can also earn bitcoin by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).

    Bitcoin-Related Projects

    The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.

    Project Description
    Lightning Network Second layer scaling
    Liquid, Rootstock and Drivechain Sidechains
    Hivemind Prediction markets
    Tierion and Factom Records & Titles on the blockchain
    BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
    JoinMarket and Wasabi Wallet CoinJoin implementation
    Decentralized exhanges Decentralized bitcoin exchanges
    Keybase Identity & Reputation management
    Abra Global P2P money transmitter network
    Bitcore Open source Bitcoin javascript library

    Bitcoin Units

    One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:

    Unit Symbol Value Info
    bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
    millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
    bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
    satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor

    For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:

    • 0.001 BTC
    • 1 mBTC
    • 1,000 bits
    • 100k sats

    For more information check out the Bitcoin units wiki.

    Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.

    Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.

    Welcome to the Bitcoin community and the new decentralized economy!

    submitted by /u/BitcoinFan7
    [link] [comments]

    Daily Discussion, April 28, 2021

    Posted: 27 Apr 2021 10:01 PM 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.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
    [link] [comments]

    Bitcoin helped me set my two sons up

    Posted: 27 Apr 2021 01:16 PM PDT

    I began investing in Bitcoin in September 2019. When COVID-19 had its impact on the market in March 2020, i went against my emotions, which were telling me that I had been foolish to invest as my investment had halved within hours, and instead followed my head, which told me of course that it was a buying opportunity unlike any that I'd possibly ever see again. Last week the contract settled on a duplex for my 2 sons, 17 and 18, to own and live in a their first property investment. I am supporting 1/3 of their mortgage repayments for the first 2 years as they are both apprentice tradesmen. I'm not wealthy and have had plenty of bad luck along the way but Bitcoin made it possible for me to help start my sons from a far more favourable economic position than i was able to

    submitted by /u/Old__Mate
    [link] [comments]

    Bitcoin millionaires in 40 years

    Posted: 28 Apr 2021 02:51 AM PDT

    BREAKING: @Nexon_America purchases $100M worth of Bitcoin.

    Posted: 27 Apr 2021 06:34 PM PDT

    Asian Video Game Publisher Nexon Buys $100M in Bitcoin

    Posted: 27 Apr 2021 06:51 PM PDT

    Bitcoin is back at $55k!

    Posted: 27 Apr 2021 05:29 AM PDT

    Thank You: Yesterday 1920 pounds (871 kilos) of Food were given to people in my community in Venezuela.

    Posted: 27 Apr 2021 05:50 PM PDT

    Meal Venezuela is now one month old, and for now we've delivered 3,3 tons of food to people in need in Venezuela to help them, specially to older people, women and children, who are unable to work and are suffering the impact of the humanitarian crisis that has affected our country for years now.

    The project has received a lot of funding through Bitcoin.

    Bitcoin has helped us a lot, as people have send BTC to us to buy food to people in our community. We can only be grateful to everyone of them who have also shared our tweets and our website.

    Some pictures from yesterday :)

    https://i.redd.it/tayduycboqv61.jpg

    https://i.redd.it/bqjzyncboqv61.jpg

    https://i.redd.it/pyai3qcboqv61.jpg

    https://i.redd.it/7hal6pcboqv61.jpg

    https://i.redd.it/72yvnycboqv61.jpg

    https://i.redd.it/ybbw9pcboqv61.jpg

    https://i.redd.it/6wii8ocboqv61.jpg

    https://i.redd.it/4bxnuocboqv61.jpg

    https://i.redd.it/qqp3ipcboqv61.jpg

    submitted by /u/CaracasGirl
    [link] [comments]

    Tesla Sells Bitcoin

    Posted: 28 Apr 2021 02:04 AM PDT

    David Letterman joking about the internet in 1995 - sounds like people talking about Bitcoin in 2021

    Posted: 27 Apr 2021 08:56 AM PDT

    Tesla Selling Bitcoin is Actually Bullish AF

    Posted: 27 Apr 2021 07:27 PM PDT

    A ton of people in the chat were losing their minds yesterday and the whole chat went from talk of hard, immutable, decentralized, trustless, non inflatable, peer to peer money to "oh mr rich billionaire please buy back your bitcoin" as if we need the elite to buy bitcoin in order for bitcoin to be successful. When in reality the elites just saw why they need to buy bitcoin in order for their own businesses to be successful. So in this post I'm telling you guys why Tesla selling their bitcoin actually just made a bunch of CEOs and high net worth individuals realize that they need bitcoin and why this is actually really bullish.

    So Tesla sold 10% of their bitcoin and this is actually a good thing because the reason they bought it in the first place was to be a store of value as opposed to the usual parking place for corporations money which is treasury and corporate bonds. This is one of the first steps of many on the road to bitcoin disrupting bonds. We're talking about a market that is upwards of 100 plus trillions of dollars in market cap. A market that Tesla just displayed is out of date.

    Tesla needed a place to park cash and instead of parking it in bonds even though it was fairly short term they still had capitol appreciation. First of all because we're in the middle of a bull run and supply shock but the government has also printed money since then so in addition to them getting money out of the fiat system and dodging inflation it also helped that there's a large wave of adoption right now. But the most important point Tesla proved is just how liquid this market is on a public stage.

    Even though bitcoin only has a 1 trillion dollar market cap they were able to move 1.5 billion in and a few months later move a couple hundred million out just like nothing ever changed. If they never announced they were buying or selling in the first place we wouldn't have even noticed a whale was in the market. This demonstration proves the legitimacy of this market and just how liquid it is to other companies as well as big hedge funds, pension funds and even governments. They just proved a 1 trillion dollar market isn't too small to get into contrasting what many big funds and deep pockets otherwise thought.

    Not that we need the big guys and elites because bitcoin has worked just fine for over a decade now and it'll keep working just fine for many decades to come. But many deep pockets have known that they need to be in this market for years now and they were just shown that the time to enter has come. Even though we'll be fine without the elites I don't think any of us mind a bunch of money flowing in and pumping our bags as they all desperately try to get exposure after we've front ran them for years.

    Another bullish part of this whole thing is that on Twitter we had "Dave Day Trader" come in and say "So am I understanding this correctly? elonmusk buys bitcoin. Then he pumps it. It goes up. Then he dumps it and make a fortune. Listen I own 1 bitcoin but bitcoin is exactly who we thought it was. Just don't be last 1 HODLing the bag." Which is already super misleading because Tesla didn't even sell all their bitcoin, they sold 10 percent. They even noted they still believe in bitcoin long term. They bought bitcoin to store money so it wouldn't get devalued from inflation and decided to use it later on. Meanwhile its value had actually increased because it was safe from the devaluation of inflationary fiat. If this isn't bullish idk what is. Tesla literally just proved the whole purpose of bitcoin to other corporations for hundreds of millions of people to see and you know Apple, Amazon and Facebook are now asking themselves "why are we still buying treasuries when we can buy bitcoin and have it increase in value to inverse inflation and even collect yield on it from lending it out?" Not to mention that if your company buys bitcoin and then you tweet that you bought bitcoin you'll literally boost the adoption and have a nice little buffer and margin of safety cause the price would go up a few percent.

    But the reason I bring up that tweet is because of Elon's reply. "No, you do not. I have not sold any of my Bitcoin. Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet." So not only did he announce he personally holds bitcoin which is new news that I don't believe we knew. But honestly who is surprised that one of the founders of PayPal holds bitcoin..

    But he states that they did that to prove that bitcoin is and alternative to holding cash so they're probably using their cash from the proceeds to fuel future expansion just like any other company normally would but instead of buying negative real yielding bonds they bought bitcoin and actually ended up with more appreciation than they would've if they bought bonds and not to mention that even after the announcement that they sold some bitcoin the price of bitcoin is still in tact further proving this markets legitimacy. The market is still volatile for sure but this just proves that over time bitcoin is a viable place to store value.

    Like I said, I know we already knew this fact for years and we don't need billionaires coming in and speaking on our behalf but nonetheless the elites and billionaires adopting it is just a normal part of bitcoin's adoption. If anyone just does the slightest shred of research they would see that this market is very liquid and billions and billions of dollars worth of bitcoin are traded daily but its important that it was on display for the rest of these corporations to see that this is a better option than bonds and you actually can move in and out of this market with ease and get a better return than bonds.

    So to the people who were freaking out on in the chat yesterday, this is bullish. This proves to other CEOs and probably hedge funds and pensions and governments and any other deep pockets that yes... this is a viable option and this only furthers the adoption of bitcoin this was a demonstration to trillions and trillions of dollars that hey this asset is just fine. We already knew bitcoin was a good use for of store of value but if and deep pockets had their doubts, they don't anymore. This is even more reason to believe we'll see more and more institutional adoption.

    TLDR So yeah I just wanted to make this post because a bunch of people were freaking out and I'm sure some new guys out there sold their bitcoin because of this. You just gotta look at the bigger picture here and the implications of this stuff. People like Michael Saylor and Elon Musk are out here showing deep pockets that it's all good and they can "come on in the water is fine" and not only is the water fine but the water is actually better. Because you cant print away our purchasing power over here because the more they print the higher our bitcoin goes. That's what this all boils down to. The money printer go brrr and scarce assets go up and this was all just demonstrated to companies with trillions of dollars of negative real yield. This is actually huge. Anyway I could talk about this stuff forever. I'm all fired up now. Y'all have a good one and keep stacking.

    submitted by /u/FinancialDominance
    [link] [comments]

    Today we announced that Nexon has purchased $100 million (¥11.1 billion) of bitcoins, approximately 1,717 bitcoins in total

    Posted: 28 Apr 2021 01:46 AM PDT

    NEXON just announced they are holding Bitcoin on their balance sheet...

    Posted: 27 Apr 2021 08:27 PM PDT

    Tokyo-Based Game Maker Nexon Purchased $100M in Bitcoin - CoinQuora

    Posted: 28 Apr 2021 12:57 AM PDT

    I've had a couple of drinks. Feeling bad for the people who lost their coins this last week. Glassnode just released their latest newsletter, and the sell off, and loss of coins, came from newbies and overleveraged traders. Please, people, just fucking HODL. HODL is not just a meme.

    Posted: 27 Apr 2021 08:47 PM PDT

    This guy is buying bitcoin 10 years ago using PayPal at 30 Cents per Bitcoin.The Paypal fee of 39 Cents that he paid for this transaction was costlier than bitcoin

    Posted: 27 Apr 2021 09:44 AM PDT

    You told me so (update): BlockFi lowers rates and issues new restrictions with less than a week of notice. 3 Factor withdrawal is flagged, demands live biometric data and delay for manual review.

    Posted: 27 Apr 2021 04:52 PM PDT

    On 04.25.21 BlockFi issued an email to their clients informing of additional rate drops and new restrictions. For example: 1 BTC was yielding 6% and as of May 1st (with less than a week of notice) BlockFi will reduce that to roughly 3.5%. Classic bait and switch.

    In response I've moved to withdraw half of my BTC from BlockFi. After processing my 3 factor withdrawal, BlockFi has flagged my deposit and demanded that I provide live biometrics for them to review. They'll contact me in a few days about the biometrics and about THEIR DECISION to let me withdraw.

    In conclusion, HODLers "told me so" and if you're currently using BlockFi take notice. While I'm confident that I'll part ways with BlockFi in possession of all my funds, I'll also do so knowing the presence of red flags that most often associate to bad liquidity. I wouldn't be surprised if BlockFi is delaying in order to gather liquidity.

    Feel free to drop your "I told you so" below. Life lessons.

    submitted by /u/JorgeJorgunsun
    [link] [comments]

    Tomorrow will be a big day

    Posted: 27 Apr 2021 09:59 PM PDT

    Biden speaking about capital gains tax hikes

    First market day after tech earnings report

    Federal reserve meeting regarding cryptocurrency

    End of month Bitcoin futures expiration

    Let the games begin!

    submitted by /u/Accomplished_Dig_247
    [link] [comments]

    Australian cricketer Brett Lee donates 1 BTC for COVID-19 relief in India.

    Posted: 27 Apr 2021 11:35 PM PDT

    I love paying with bitcoin

    Posted: 28 Apr 2021 03:51 AM PDT

    If given the options of credit card, PayPal or BTC, I always choose BTC.

    I know HODL is the goal, but dammit I love it. It feels like giving the finger to financial institutions every time. I often do it and buy the exact amount of BTC to make it more or less a wash.

    Anyone else with me?

    submitted by /u/roasterdad
    [link] [comments]

    Nexon Joins Tesla in Bitcoin Bet With $100 Million Purchase

    Posted: 27 Apr 2021 09:16 PM PDT

    Young Koreans Turning to Crypto as Alternative for Creating Wealth

    Posted: 27 Apr 2021 05:41 PM PDT

    Taproot and Schnorr: The Biggest BTC Upgrade for 2021

    Posted: 28 Apr 2021 02:02 AM PDT

    While crypto prices are skyrocketing (yet again), the very important technology behind crypto asset #1 gets unnoticed. We screened the news for experts' take on a technical upgrade of Bitcoin.

    Starting August 23, 2017, Bitcoin allowed the process of splitting transactions into blocks by separating signatures. This format is called SegWit (or Segregated Witness) – a soft fork designed to avoid accidental transactions and make the network run faster.

    Since the digital signature accounts for 65 percent of a transaction, removing it from the data increased the maximum size of the Bitcoin block from 1MB to almost 4MB. It allowed transactions to reduce the size and fit more of them into a single Bitcoin block. The BTC network gained additional scalability and made transactions faster.

    Taproot is the most significant BTC update since the SegWit soft fork of 2017. It is intended to increase Bitcoin's fungibility, improve the functionality of smart contracts, and boost privacy by making all transactions look the same to outsiders.

    submitted by /u/ekzidua
    [link] [comments]

    JPMorgan just announced they will suggest bitcoin to their customers. How the tables have turned in less than 4 years.

    Posted: 27 Apr 2021 07:13 AM PDT

    10 Years Ago Today, Bitcoin Creator Satoshi Nakamoto Sent His Final Message

    Posted: 27 Apr 2021 11:24 AM PDT

    Is The BTC Bottom In? These Data Points Suggest That It Is!

    Posted: 28 Apr 2021 02:51 AM PDT

    Every time bitcoin dips

    Posted: 27 Apr 2021 02:10 PM PDT
    Read more
    at

    No comments:

    Post a Comment