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    Bitcoin Bitcoin Newcomers FAQ - Please read!

    January 26, 2022

    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, bitcoin directory or Coinmap 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

    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
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    Daily Discussion, January 26, 2022

    Posted: 25 Jan 2022 09:02 PM PST

    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
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    The IMF's behavior towards El Salvador only further justifies the very existence and absolute necessity of Bitcoin for the world

    Posted: 26 Jan 2022 02:08 AM PST

    El Salvador is a sovereign country that has the full right to choose how it wants to act to build a better future for its people.

    Nayib Bukele chose Bitcoin to try to change the future of his country. Under the current system, El Salvador was condemned to survive by begging for aid from the IMF or the World Bank.

    Nayib Bukele understood the why of Bitcoin and decided to seize this opportunity to change the future of El Salvador and its people. The people of El Salvador overwhelmingly support Nayib Bukele in what he is trying to do for the country.

    El Salvador's bold choice has already changed the way the country is seen around the world. Everyone is talking about El Salvador and more and more entrepreneurs will be coming to El Salvador to participate in this experiment of building the first Bitcoin Nation.

    Who knew where El Salvador was before Nayib Bukele made this choice? Very few people. No one was talking about El Salvador. Bitcoin is already a game-changer for El Salvador and this is clearly just the beginning.

    While the IMF or the World Bank scoffed at Bitcoin a few years ago, now these institutions are getting scared by the growing possibility that the Bitcoin experiment will succeed in El Salvador and motivate other countries to follow Nayib Bukele's path.

    Tonga is talking about adopting Bitcoin by the end of 2022, as are other countries in South and Central America. In short, something is happening and the IMF feels the danger mounting for its obsolete system.

    Rather than letting the people determine for themselves, the IMF is threatening El Salvador saying the country must abandon Bitcoin. The IMF's threats only justify, in my opinion, the very existence of Bitcoin and the absolute necessity for the world to have this alternative system available.

    Since El Salvador will logically refuse to obey the IMF, what's next? Will America eventually orchestrate a coup in El Salvador to overthrow the government and end the Bitcoin experiment? How far are the powerful people in the current system willing to go to prevent countries from expressing their free will in monetary and financial matters?

    El Salvador must continue to resist outside pressure, and other countries that will join the Bitcoin adventure in 2022 must do the same. The world is changing, and the first countries to adopt Bitcoin will be the ones to benefit the most in the future.

    submitted by /u/sylsau
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    Just wanna smile

    Posted: 26 Jan 2022 06:53 AM PST

    Roxana Valle (Bitcoin Beach)

    Posted: 26 Jan 2022 05:05 AM PST

    Bukele and Erdogan are plotting against the IMF

    Posted: 26 Jan 2022 03:51 AM PST

    Remember that meeting that took place between Erdogan and Bukele last week? If you don't, you will probably read about it in the history books for it may have been one of the most important meetings in modern history.

    Granted this is reddit so I don't have any proof, but it makes a lot of sense so follow along:

    Erdogan has been orange pilled. I think he, as well as anyone, realizes that American empire is collapsing. There is zero appetite for any military action anywhere and barring some Pearl Harbour-like event, I don't see the US going to war for anything.

    So the world police has left the station, and they're not coming back. When America is no longer interested in world affairs, all of the institutions America built during the post-war era will fall as well. The purpose of institutions like the IMF and the World Bank was always to serve America's interests, ideological or Machiavellian. Without the US steering the ship, they will be lost and eventually rendered completely neutered. It will be like the Oscar's of politics; no one will even care enough to notice when it's finally gone.

    This of course leaves a huge power vacuum in all sorts of different avenues, especially in international trade. Through the Petrodollar system, all oil trade around the world settles in USD. This gave the US immense soft power, since all oil importing countries like Turkey are forced to acquire dollars somehow and if they want to acquire dollars, they have to follow America's wishes. If they didn't want to adhere to the rules of the Petrodollar, they were free to join Saddam Hussein and Gaddafi six feet down under.

    But like we've already established; the US won't do another Iraq, nor another Libya. There is so little appetite for war that I believe that any attempt to start one might be enough to ignite a domestic revolution. The time for countries to free themselves from the Petrodollar is ripe.

    Countries like Turkey then have two options;

    Either they enter a similar agreement with China, and let China become the new global super power who gets to call the shots.

    or they will build alternative systems where no single super power is in control.

    I think it is fairly obvious what alternative is preferable for anyone who isn't Chinese. The only question is how would anyone be able to build institutions that can withstand Chinese pressure?

    Enter bitcoin.

    Here one might question whether the ideals of bitcoin are compatible with an increasingly authoritarian Turkish government. I don't think however that Erdogan, nor any other leader, is particularly ideological. They want to stay in power of course but how they do so isn't the central focus.

    Anyone who lives in a country that has been bullied by super powers knows the shame it brings to the people. It is one thing to be pushed around by one of your own, but to be pushed around by foreigners? A million times worse. If leaders of smaller countries like Erdogan, Bukele etc. manage to free their countries from American control without entering a similarly abusive relationship with China, they will forever be entrenched in the nation's collective memory, and they realize this. Bitcoin is their opportunity to do precisely that. In my opinion, it is their only option. They will never be able to convince any other country of joining an international monetary network that themselves control. But convincing other countries to join a network no one controls might actually not be a very difficult task, for the reasons stated above. Every single country in the world are sick and tired of getting bullied by America and the last thing they want is to be bullied by a new super power, regardless of how authoritarian the regime might be. Bitcoin is the key that solves this puzzle. Bukele was the first head of state to come to this realization. He will not be the last.

    TLDR;

    The 20th century was the era of centralisation. With the fall of the American empire, we will enter an era of decentralisation. All the pieces are in play and now we are just waiting for the dominos to fall.

    To finish this, I'd like to end with a quote from Erdogan from last month:

    Turkey will never again submit its political and economic future to the prescriptions of global economic tutelage institutions, such as the IMF and similar institutions,"

    https://www.aa.com.tr/en/politics/turkey-will-never-submit-its-economic-future-to-imf-president-erdogan/2435775

    Sounds familiar?

    submitted by /u/TitForSnack
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    Is your portfolio red or green?

    Posted: 25 Jan 2022 09:16 PM PST

    PUTIN: RUSSIA HAS SOME ADVANTAGES IN CRYPTO MINING, ASKS FIN.MINISTRY AND CENTRAL BANK TO AGREE ON CRYPTO

    Posted: 26 Jan 2022 06:01 AM PST

    My experience chasing stocks helped me to understand the futility of chasing alt-coins.

    Posted: 26 Jan 2022 05:20 AM PST

    I bought crypto for the first time 8 months ago in June of 2021. Bitcoin was my first purchase, but I bought even more alt-coins.

    I took the same approach to crypto as I had originally taken to stocks: trying to pick the next best thing. However, I had abandoned that strategy with stocks earlier in 2021.

    What I learned with stocks was that I'm not a good stock-picker, nor do I want to be. The amount of time, energy and stress to do that are simply not worth it. So I just resigned to "buying the whole market" in the form of total market index fund (VTI). I slept much better from then on.

    Now comes crypto where that's not really possible. So I tried to diversify into loads of different projects… what a mistaken that was!

    I realized that I was essentially doing the same thing as chasing stocks. The more I learn(ed) about Bitcoin the more I see that alt-coins are at best a derivative of BTC, a cheap imitation at worst.

    I've never sold any of my BTC, and I never felt the urge to even when it reached $69k. However, I did liquidate all my alt-coins and I don't miss them at all, and with this dip I finally reached a whole coin which feels amazing!

    I don't know if this makes sense to anyone else, but for me, holding BTC is easy and feels similar to holding a total market index fund in equities because I never feel tempted to sell or trade it since it's such a valuable asset. Selling all the alt-coins and moving into BTC felt just like when I sold all my stocks and moved into VTI, like a huge weight lifted off my shoulders.

    I now hold an asset I'll never want to sell. Hopes this helps anyone else in their journey. Peace out.

    submitted by /u/Vaginosis-Psychosis
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    Bitcoin supply tweet!

    Posted: 25 Jan 2022 04:44 PM PST

    How many of you here ACTUALLY don't sell and are actually HODLers?

    Posted: 25 Jan 2022 11:04 AM PST

    Comment if you are an ACTUAL hodler.

    I want to know how many of you actually plan to hold for life.

    Are you guys still hodling? Or did you sell some?

    Are you guys even nervous?

    submitted by /u/ImOnly1in42million
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    El Salvador president replies to the IMF with a meme

    Posted: 25 Jan 2022 07:33 PM PST

    In a auto! India

    Posted: 25 Jan 2022 07:15 PM PST

    Please stop comparing Bitcoin to VISA

    Posted: 25 Jan 2022 11:03 PM PST

    I keep seeing people argue against Bitcoin based on the fact that VISA can process 24 000 transactions per second. Bitcoin obviously does a lot less and hence the argument is that it doesn't scale and is useless as a means of payment.

    There are so many things wrong with that comparison, but I'll point out the two most obvious problems.

    • VISA doesn't actually settle transactions but merely approve them, promising payment some time in the future. Money doesn't magically leave my bank account when I swipe my card. Bitcoin actually offers final settlement. That's a huge difference.
    • Bitcoin provides a layer 1 solution offering unparalleled security and decentralization. Scalability does not happen at this level. It's like comparing VISA to bank wire transfers. However, look at the Lightning network which preserves the security and decentralization of the Bitcoin network while providing unprecedented scale. The Lightning network can easily handle hundreds of thousands of transactions per second for (practically) free. VISA charges merchants a 2% fee! Imagine how much money a big company could save if they ditched the card companies and just integrated with Lightning instead. VISA and others will have to evolve and renew or they will die.

    People should read up on what Strike is doing and understand the difference between Bitcoin the asset and Bitcoin the network. It will do to VISA what Linux ended up doing to Microsoft imo.

    submitted by /u/ardevd
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    How Do Bitcoin ETFs Work and What Are the Pros and Cons?

    Posted: 26 Jan 2022 08:47 AM PST

    BREAKING: El Salvador doesn't need the IMF

    Posted: 25 Jan 2022 07:04 PM PST

    Inflation is temporary (Venezuela edition)

    Posted: 26 Jan 2022 09:12 AM PST

    Bitcoin just appeared at movie Gold. Moon confirmed.

    Posted: 26 Jan 2022 08:40 AM PST

    Putin Says there are some advantages to Bitcoin mining in Russia

    Posted: 26 Jan 2022 06:43 AM PST

    That's it. That's the post. So much for FUD and uncertainty, it seems like Putin was trying to scoop up some cheap coins. Nation-state competition is really starting to ramp up not only for HODL stash but also for mining hash within nation states. Game theory playing itself out well!

    https://www.vedomosti.ru/finance/news/2022/01/26/906523-putin-zayavil-o-nalichii-preimuschestv-v-maininge

    Its in Russian so you'll need to use a translator

    submitted by /u/zorg621
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    This is the final boss for Bitcoin - "Digital currencies and the soul of money"

    Posted: 25 Jan 2022 04:59 PM PST

    Home Prices in Bitcoin over the past 10 years. (homes get cheaper)

    Posted: 26 Jan 2022 08:34 AM PST

    Bitcoin's liquidity is way higher than IMF XDR liquidity (special drawing rights). Bitcoin even overcame legal hurdles in El Salvador, XDR didn't. No wonder they are freaking out about Bitcoin being legal tender and that ES issues a Bitcoin bond

    Posted: 26 Jan 2022 01:39 AM PST

    Bukele Mocks IMF’s Request To Remove Bitcoin As Legal Tender

    Posted: 25 Jan 2022 11:58 PM PST

    Bullish on moms

    Posted: 25 Jan 2022 05:46 PM PST

    Royal Bank of Canada running a Bitcoin-Node

    Posted: 25 Jan 2022 05:27 AM PST

    Royal Bank of Canada running a Bitcoin-Node

    ​

    Recorded on 17th of January through shodan.io

    Despite people saying Banks don't get into crypto, it's interesting to see the Royal Bank of Canada running a Bitcoin-Node.

    Also to note is the statement from RBC's website regarding cryptocurrencies:

    "Important Information regarding cryptocurrency transactions

    Effective immediately, RBC will no longer be allowing the use of RBC credit cards for transactions involving cryptocurrency. We regret any inconvenience this may cause."

    Why should the RBC run a Bitcoin-Node and not allow it's own customers to trade cryptos?

    submitted by /u/shibahofer
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    Bitcoin Bar in Budapest, Hungary

    Posted: 25 Jan 2022 03:37 PM PST

    Binance Reopens EUR Bank Transfer via SEPA | Binance Support

    Posted: 26 Jan 2022 06:49 AM PST
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