• Breaking News

    Thursday, August 12, 2021

    Home Unlabelled Bitcoin Bitcoin Newcomers FAQ - Please read!

    Bitcoin Bitcoin Newcomers FAQ - Please read!

    August 12, 2021

    Bitcoin Bitcoin Newcomers FAQ - Please read!

    Bitcoin Newcomers FAQ - Please read!

    Posted: 18 Jul 2021 11:56 AM PDT

    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, August 12, 2021

    Posted: 11 Aug 2021 10:10 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]

    Why is a cryptocurrency provision tucked into a 2,700 page infrastructure bill? It has NOTHING to do with infrastructure. Quietly tucking unrelated laws into bills just to get unpopular stuff passed through is why people hate DC politicians.

    Posted: 11 Aug 2021 08:34 PM PDT

    The family that bet everything on bitcoin when it was $900 is now storing it in secret vaults on four different continents

    Posted: 11 Aug 2021 12:50 PM PDT

    If Bitcoin ever hits $200k+(it will btw) then Satoshi Nakamoto becomes the richest person on Earth

    Posted: 11 Aug 2021 08:46 PM PDT

    Considering he has 1 million coins in his wallet his net worth at that time would be $200b+. Current richest is Bernard Arnault sitting at $198b. Richest person on earth and yet nobody knows who he is. True chad

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

    There is no such thing as "next #bitcoin " Faster you understand better for you and your kids. I understood this in 2017 -2018.

    Posted: 11 Aug 2021 07:31 AM PDT

    Blockchain-support scam

    Posted: 11 Aug 2021 08:54 AM PDT

    Silicon Valley leader Mark Cuban speaks against $1 trillion infrastructure bill, backs up Bitcoin

    Posted: 11 Aug 2021 03:42 AM PDT

    Bitcoin energy usage cleaner than every major industry – report

    Posted: 11 Aug 2021 01:42 PM PDT

    Just got my mom into crypto and explained the market as best I could, she shared a hodl poem with me from the 1800s.

    Posted: 11 Aug 2021 07:11 AM PDT

    This is an abridged version of a poem called "If" by Rudyard Kipling, 1865 - 1936 (potentially the world's first hodler). I think it's incredible how accurate it is to crypto and FUD in general, even though it was written a century ago. We're all taking our chances on some coins and some big "ifs". Hope you enjoy it...

    If you can keep your head when all about you, Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or, being lied about, don't deal in lies, Or, being hated, don't give way to hating, And yet don't look too good, nor talk too wise;

    If you can dream—and not make dreams your master; If you can think—and not make thoughts your aim; If you can meet with triumph and disaster And treat those two impostors just the same;

    If you can make one heap of all your winnings And risk it on one turn of pitch-and-toss, And lose, and start again at your beginnings And never breathe a word about your loss; If you can force your heart and nerve and sinew To serve your turn long after they are gone, And so hold on when there is nothing in you Except the Will which says to them: "Hold on".

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

    Coinbase Announces Tesla and SpaceX As Partners During Q2 Earnings Call

    Posted: 11 Aug 2021 09:10 AM PDT

    Five North American firms mined 58% more bitcoin in July thanks to China

    Posted: 11 Aug 2021 11:12 PM PDT

    Spend bitcoin at stores that accept it, please!

    Posted: 11 Aug 2021 12:13 PM PDT

    Before you downvote or post a negative comment, please read the post (or at least the TLDR below). "Spend bitcoins" seems to trigger folks so much that they fail to realize there's a way to spend bitcoin without reducing your stack or paying capital gains.

    I see a lot of folks that think they should never spend any Bitcoin - they're going to save it forever. Cool, HODL your stack. But, please realize there is a difference between "taking profits" and "growing the network."

    When buying stuff with Bitcoin, you can either "spend and replace" or you can use something like Strike. The latter being better. It seems like so many people in comments here have never heard of Strike or lightning, or they don't know what they do. Granted, some countries don't have access to Strike yet but I see plenty of negative comments coming from folks that could be using it.

    For those that don't know about it, let me explain. You can connect your bank account and then deposit your dirty fiat into Strike. Whenever you want to send someone BTC (main chain or lightning) you just click "pay" and scan the QR code. Strike deducts your fiat and then Strike pays with BTC. Let me repeat: Strike pays with BTC. You never hold that BTC and so therefore you never have any capital gain issues. In other words, Strike lets you use the BTC network without holding BTC.

    So, if Strike is available in your country, please do yourself a favor and figure out how it works before you crap on people's joy when a new store starts accepting bitcoin. If people will spend bitcoin then there's no reason for stores not to accept bitcoin - and there's no reason you can't keep HODLing your stack if you use something like Strike.

    Finally, I see some folks that seem to think it's pointless for a store to accept bitcoin. I mean....is it not obvious why a store should? Sure, maybe a store instantly converts BTC to fiat, but (1) having them accept it is advertising for Bitcoin, (2) don't you think stores will start to realize that lightning is cheaper than merchant fees, and (3) who's more likely to HODL bitcoin - a business that accepts it or one that doesn't? And, as a bonus point, please realize there are people that would like to live on bitcoin (get paid in bitcoin) that would love to not convert it to fiat.

    TLDR (by u/HumidCrispyCat) …if you dont want to pay from your personal bag, download the Strike app and use that. It allows you to send bitcoin to any BTC/lightning address, using fiat, for super low fees

    submitted by /u/Imaginary-Friendship
    [link] [comments]

    Still waiting for 20k?

    Posted: 11 Aug 2021 01:56 PM PDT

    I would rag on you and call you names but at this point I feel bad for you

    submitted by /u/Any-Explanation-6877
    [link] [comments]

    If Bitcoin was created in 1975

    Posted: 11 Aug 2021 11:19 PM PDT

    Now you Can Use Bitcoin to Buy Pizza, Coffee, Ice Cream in India. Know How it Works

    Posted: 11 Aug 2021 09:51 PM PDT

    Bitcoin as "Mutually Assured Preservation" - Jason Lowery, US Space Force | MIT

    Posted: 11 Aug 2021 06:16 PM PDT

    https://tftc.io/martys-bent/issue-1053/

    Also found on LinkedIn as a follow up:

    "Why frame Bitcoin as a nuclear deterrence mechanism for your thesis?"

    You know how 99% of the computer networks we use today enjoy free, atomic-level precision navigation & timing from a constellation of space-born atomic clocks called GPS? Ever wonder how/why that started? Nuclear deterrence. US needed a way to deliver a credible second strike against Moscow in case USSR shot first (mutually assured destruction). The solution was to hide submarines in the ocean to shoot back if our homeland was destroyed (we still do this). But we had a problem: no way for submarine-launched ballistic missiles, sitting underwater for more than a month, to know where they were in relation to Moscow if we needed to shoot (inertial navigation was only accurate for a few hours). No credible threat of second strike because we were 90% likely to miss the shot. So we finally got the approval to build GPS constellation because of nuclear deterrence. Only after did we realize how useful GPS is at other stuff besides nuking Moscow with nuclear-tipped tridents.

    Ever wonder how/why we eventually got to TCP/IP? Nuclear deterrence. We needed a different way for different computer networks to preserve comms, particularly in case of nuclear strike, so we could mutually assure the destruction of USSR. Eventually, DoD literally forced everyone to use TCP/IP. Only after did we realize how useful TCP/IP is at other stuff besides preserving nuclear comms.

    Bitcoin is reverse. Commercial figured out its utility first (well done!), now DoD needs to understand how useful/inevitable it is as a nuclear deterrence mechanism because of new doctrine I call mutually assured preservation.

    No need for kinetic warfare when we finally have a perfect 1-for-1 functional surrogate to war where nation states can hash it out (pun intended). Bitcoin is digital violence. It obsoletes messy, analog physical violence and is the ultimate "peacekeeper" missile.

    If bitcoin becomes base-layer collateral for all global currencies (which game theory says is in the best interest of all countries to do, even authoritarian ones) and western allies mass adopts it first (which we now have the lead on, thanks China!), we benefit disproportionately AND we get the built-in strategic deterrent benefits of mutually assured preservation.

    A war between two bitcoin-anchored nations is a war without winners. It would be a "kinetic 51% attack" that everyone would be incentivized NOT to do. Plus the winner has no ability to steal/co-opt reserve currency, no ability to cheat global btc node network to gain illegitimate claim to chain of custody, and very little to gain if the loser can (for the first time ever) can no-kidding take their wealth to the grave. Schelling point becomes to preserve your opponent, compete your values in the free market & through your bitcoin digital army of miners.

    IDK just spit balling. Please attack so I can make sure I have a sound argument.

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

    Saylor and Ammous combine their powers to give you a free college-level course on Austrian economics

    Posted: 11 Aug 2021 06:50 PM PDT

    Saylor and Ammous combine their powers to give you a free college-level course on Austrian economics

    ​

    https://preview.redd.it/8r7mvm1xwtg71.jpg?width=1666&format=pjpg&auto=webp&s=74c2a7d06d80152ea0dd1375728f5fce30f042ca

    Michael Saylor and Dr. Saifedean Ammous have become the Gogeta of Bitcoin to bring you ECON103: Principles of Austrian Economics I via www.saylor.org.

    As if Saylor hasn't done enough already, his website has been doing this for a long time now. There is a buttload of free college-level courses that take dozens of hours each to complete, with real evaluations involved in each one.

    Dr. Ammous has generously organized and prepared his course for consumption on Saylor's website, along with actually conducting the course over a period of two and a half months just recently.

    Here is a link to Saifedean's latest podcast discussing this course with Saylor.

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

    German institutional funds now allowed to buy Bitcoin under new law

    Posted: 11 Aug 2021 07:51 AM PDT

    My online clothing brands store now accepts crypto payments!

    Posted: 11 Aug 2021 11:24 AM PDT

    Hi everyone,

    Earlier this year I began my own premium menswear company. What started as a lockdown hobby has now become a full time passion.

    Everything is designed and tailored by myself and my team in the UK and we use high quality materials for our work bridging the gap between smart and casual.

    We now accept crypto payments as both myself and my co-founder believe this is the future of monetary systems.

    Our Instagram is @haneicollection and our website is Han'ei Collection

    Thankyou for reading

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

    Understanding Bitcoin Privacy — Part 4/4 (Applying Chain Analysis Concepts To Improve User Privacy)

    Posted: 12 Aug 2021 02:57 AM PDT

    ⚡ Lightning Thursday! August 12, 2021: Explore the Lightning Network!⚡

    Posted: 11 Aug 2021 11:11 PM PDT

    The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

    Here is the place to discuss and learn more about lightning!

    Ask your questions about lightning

    Provide reviews, feedback, comparisons of LN apps, services, websites etc

    Learn about new LN features, development, apps

    Link to good quality resources (articles, wikis etc)

    Resources:

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

    Max Keiser: The US Must Mine Bitcoin to Avoid Becoming a Second-World Nation (1-minute audio clip from The Pomp Podcast)

    Posted: 11 Aug 2021 05:35 AM PDT

    Opportunities and risks: Bank of America: El Salvador does a lot of things right with Bitcoin as a means of payment

    Posted: 11 Aug 2021 10:50 AM PDT

    That Bank of America (BoA), of all people, spoke up and supported the actions of El Salvador initially caused astonishment, since the American big bank had been extremely critical of the cryptocurrency in March of this year. Bank of America sees no reason to own Bitcoin, apart from wanting to speculate with it, the banking giant is quoted on BTC-Echo. This opinion seems to have changed since the bank recently published a document via Twitter in which opportunities and positive perspectives are presented that could arise for El Salvador through the introduction of Bitcoin as a means of payment.

    https://codelist.biz/2021/08/11/opportunities-and-risks-bank-of-america-el-salvador-does-a-lot-of-things-right-with-bitcoin-as-a-means-of-payment-news/

    submitted by /u/thebitcoin10
    [link] [comments]

    Bitcoin is saving my life!

    Posted: 11 Aug 2021 03:31 PM PDT

    I overdosed last Monday. I should be dead. I should've lost everything. But I've been given a second chance. Not only that, but I'm going to be able to get through this financially stable because of bitcoin.

    I started using bitcoin in 2012. I discovered the Silk Road and since then I've been involved with crypto. I started saving around 2019 when I had a lot of extra money from my job not doing anything for me. Instead of stocks, I started buying bitcoin for the next two years.

    Now, the next part isn't pretty and I am not proud in anyway of actions. My work started going into overdrive the past 6 months, I was working 60 hours a week of very strenuous labor. I started picking up habits I shouldn't have. Eventually it got to the point where I woke up in the hospital with a breathing tube and many tubes IVd into my flesh. My girlfriend held my hand and they only thing I could do was squeeze back. That was the final nail for me.

    I'm off to rehab Monday. All paid for with bitcoin. I would never have this opportunity without it. Thank you Satoshi for the help. I will forever be a bitcoiner

    submitted by /u/ccrider92
    [link] [comments]

    Lightning Wallet Strike Now Enables Bitcoin Withdrawals

    Posted: 11 Aug 2021 09:12 AM PDT

    The addition marks the arrival of a needed feature that will likely help legitimize the application as one of the best places to buy bitcoin. Self custody, along with virtually feeless withdrawals and payments, could set Strike apart as a mobile platform to purchase bitcoin.

    https://bitcoinmagazine.com/business/lightning-wallet-strike-now-enables-bitcoin-withdrawals

    submitted by /u/thebitcoin10
    [link] [comments]

    $402 billion Neuberger Berman okays Bitcoin and Ethereum exposure

    Posted: 12 Aug 2021 02:55 AM PDT
    Read more
    at

    No comments:

    Post a Comment