submitted by /u/Oscuridad_mi_amigo
[link] [comments]
source https://www.reddit.com/r/btc/comments/ryhftj/bitcoincore_has_reached_a_point_where_buyers_risk/
Saturday, 8 January 2022
Are people even interested in p2p cash and using the blockchain?
We keep mentioning this as the main talking point for bch. But what about that will make the masses start using it as a medium of exchange when the other options such as fiat via zelle/venmo etc are no longer as slow?
Part of the original formula that made bitcoin successful in the beginning was the ease, speed, and low fees but banks themselves have improved in regards to this so this is no longer something that differentiates their experience, the only thing is the actual utility of the blockchain itself.
Will people actually make that change when sending fiat has become just as fast and nearly as convenient compared to 2011 ? Today people are able to buy goods and services and send money to friends and family with ease. Will the masses use the blockchain for all their purchases or just stick to the convenience of buying goods & sending money today via centralized systems ?
Perhaps we just have to wait for bch to overtake in actual crypto use and flip btc core instead of relying on people to become educated about the reality of fiat and the blockchain.
[link] [comments]
source https://www.reddit.com/r/btc/comments/ryip3w/are_people_even_interested_in_p2p_cash_and_using/
New to crypto!
So I started getting interested and studying crypto a few days ago. I watched a fair amount of YouTube videos on Cryptocurrencies and Blockchain and I still don’t fully comprehend it (lol) but I know that with more time and study I will eventually get it. Since I wanna become an expert I was wondering what is the best information sources on crypto/blockchain… websites, courses, channels, people, anything. What is the most efficient way of learning about all this stuff?
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source https://www.reddit.com/r/btc/comments/ryhf9d/new_to_crypto/
I’ve been living in El Salvador for the past 5 weeks using only BTC. No cash, no credit cards. It can be done!
I’m an Italian podcaster and I’ve been traveling in the whole country to report the state of Bitcoin adoption. You can read my chronicles on my website. We post in English as well as in Italian. Hope u guys enjoy. 👊🏻
[link] [comments]
Friday, 7 January 2022
How undervalued is BCH?
| Market Cap ($B) | Sent / day ($B) | Avg txn fee ($) | |
|---|---|---|---|
| BTC | 812 | 30.1 | 2.67 |
| ETH | 405 | 8.1 | 44.19 |
| DOGE | 21 | 1.2 | 0.22 |
| LTC | 9.1 | 0.2 | 0.02 |
| BCH | 7.4 | 4.2 | 0.007 |
So...
BCH is worth less than LTC or DOGE despite moving ~4X more than DOGE and almost 20X more than LTC.
BCH moves about half as much value onchain daily as ETH but only worth 1.8% of ETH.
BCH moves more than 10% as much value onchain daily as BTC but worth less than 1%.
BCH does all of this for a fraction of the fees of any of these coins. Even LTC fees are over 2X BCH fees despite moving only 5% of the daily value. Elon Musk keeps pitching DOGE as a good cash option but its fees are 30X higher.
[link] [comments]
source https://www.reddit.com/r/btc/comments/rxmv1i/how_undervalued_is_bch/
Honestly Goverments Might Be Manipulating Bitcoin
Just a thought... What better way to destroy crypto than by buying up a large amount of crypto and then coordinating to sell during key moments in time. I cant help to think that goverments from around the world including the US might be doing something like that. Remember they loose power as bitcoin rises. It may be in thier best interest to kill bitcoin no matter what it costs them in the short term.
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Thursday, 6 January 2022
Trigger Warning: Crypto is Not Here To Make You RICH. Crypto is Here To Make You FREE
Introduction: Opportunity for Wealth in the Cryptoverse
Nowhere else on Earth will you find similar types of gains in the cryptoverse. It is a fact, that the opportunity for wealth here is so immense that it creates dreams of unprecedented wealth even for those with a common life. Combine this with explosive price actions and hype, lots of attention and adoption are drawn into the space on a regular basis, making it one of the fastest-growing sectors in the entire human existence.
However, while everybody thinks crypto is the go-to place to make millions, it is also where entire financial life and fortune are ruined and lost. As a nascent space, crypto is warned with a lot of risks, even in a bull market, yet it is intriguing to see people pilling themselves up, thinking this is the only opportunity to escape the rat race and hence better their life. This kind of mentality does make me wonder what the hell is wrong with the current world we are all living in.
The Reality of The Current System
The truth is you can’t blame them. In the legacy system, so much wrongs are to be found that clouded their ability to judge and search for opportunities. People are enslaved to the system, both in the physical and in the digital world. They live most of their life in accordance to the work and spend cycle, conforming and following the exact same path of life as everybody else under the promise of security and happiness. In exchange, they have to give up their freedom to those who stay in the highest positions of power.
Either by forces or by influences, every human society trends toward a structure with a few in control of the majority. While this is natural to the existence of human beings, it is also what creates much of the sufferings and injustice we see throughout all human history. Being power-hungry and driven creatures, we form hierarchical structures to ensure the best cooperation between each other, yet when societies and networks expand beyond our consciousness, power tends to overconcentrate in entities that then often become corrupted, oppressive and unaccountable.
Centralization of Power and Human Nature
Reflecting on this, we can see the same presence in some of the strongest nations in the world today. When power is abused by a centralized entity, someone must suffer. If not those at the top, the price will have to be paid by those at the bottom, and this is often the case. We see this time and time over again, with the final fate of most society leading towards intolerance, civil war and eventually the collapse of the entire system.
The same can be said to the digital society today, though the difference is those in positions of power are untouchable and divine. They play the role of Gods, influencing the lives of millions and billions each year without us having a voice-over, yet we all have come to accept it because we have no other choice.
Despite all of these, people are still chasing the same damn things that make them slaves in the old system. Thinking by somehow riching off from crypto or any new innovation will make them more free and live more comfortably. This is only a delusion painted by the lies of consumerism and power-hungry culture. In a centralized system, you are neither free nor rich, you are either the few powerful or the majority powerless.
Faith in The New System
Understanding this is the first step in understanding why the world of crypto is so disruptive and why the opportunity for wealth here is so real. Wealth does not magically exist. It comes with and from people who came collectively with the same mindset, same vision and set out to do the same goal: to make a difference in the world, to build something that breaks away from the power structure of the legacy system and to create a place where fairness and freedom lie at the heart of the system.
Crypto was never made to make you RICH. Crypto was made to make you FREE. This is the vision of Satoshi for what a decentralized, trustless, permissionless and censorship-resistant system would bring to the future of humanity: A world where we all have a choice, to either give away control of our life to someone else or be the one who dictates our own fate.
Many of us realized we do not need banks, institutions and corporations to be our responsible. Many of us realized we do not need centralized entities to tell us what to do and what not to do with our life. Many of us realized that we can decide things for ourselves, and that is something we are not offered in the current system. With crypto, we have A CHOICE, and as there exists a demand for having this choice, the market responds with growth and opportunity to where it is offered.
Becoming Successful In The Cryptoverse
Understanding this is crucial to becoming successful in the space. Those who do not stick around will never win big or win at all because their minds are still plugged into the old system. The biggest winners of the space are those who understand the value proposition and turn themselves to this beautiful vision and dedicate their lives to make it a reality either through long-term capitals, through their voices and their words or through their own hands.
Without courage, there is no freedom. Without freedom, there is no opportunity. What is offered as protection in the centralized world is in disguise of restriction, to limit the rate of innovation and revolution that are happening through crypto. They will doubt our success and they will question our authenticity to change the world. But we show them why we are better and why we had to be better, and by believing and dedicating to this space, we ultimately win by bringing equal opportunities to all human beings, while expanding the potentials of human kinds instead of limiting them like in the legacy system.
TLDR: Conclusion
Those who understand the purpose of the cryptoverse will ultimately understand the opportunity for wealth that comes with it. And for as long as we, the people, come together to push it into existence, crypto will not be a single opportunity but an opportunity of a lifetime for all of us human beings. Crypto is here to stay.
Like what I write? Consider following me on Twitter (cryptocat1607)
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Planning to hold Bitcoin for next 2 - 3 years but check Coinbase far too often every day and most days makes me anxious about my investment. Should I delete the app and enjoy ignorant bliss until the day comes that I’m considering selling?
For context, the 2-3 years is based on when I am planning to purchase a new home with the intent of using some of the initial investment depending on where Bitcoin is at when I am starting to consider moving.
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Anyone else experience this? Told my friend at work about Bitcoin, he was really fascinated by it as an inflation hedge. Came back the next day with a bunch of shitcoins but no Bitcoin.
He said he downloaded Coinbase and bought a bunch of random coins some youtuber suggested. I asked him if he bought any Bitcoin, he said "nope, it was too expensive".
🤦🤦🤦🤦🤦🤦🤦🤦🤦
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I have been in Bitcoin for more than a decade at this point, and nothing has convinced more people around me to start DCA saving some of their income in Bitcoin than sending them Michael Saylor videos to help explain Bitcoin to them in a vocabulary that they can understand
Getting too technical doesn’t explain it to the average person who doesn’t understand the fundamentals of economics to comprehend the technical lingo.
You know, if we embraced dumbing stuff down for the masses, we’d probably reach a lot more people, instead of trying to act like an angry Econ professor who's scolding them for not understanding the fundamentals after a lifetime of being raised to be clueless on this subject.
I get that there are people here who hate the way he phrases things or uses metaphors, thinking they that can make better metaphors to help people understand Bitcoin.
Well if you think that way, then good! Make those better metaphors and post them here! We need all the dumbed downed explanations of Bitcoin that we can get to reach the masses. We're not even at 2% global usage yet, so we need simple ways to explain it to the other 98+% of the world's population that has yet to try to get to know Bitcoin.
So if you're inspired to write a better metaphor than Saylor, then do it and post it. Hopefully it is better and it helps new people coming to this sub read a nice simplified explanation on Bitcoin that they can understand. Like a student in a class with a great professor who can help analogies foreign subjects to them in a way that they can relate to, and attain a comprehensive grip on the subject, making it so they have a place to start on their journey to eventually learn more.
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“ Internet has been down in Kazahstan for a few hours where roughly 18% if Bitcoin's hashrate is. Looks like the impact on the hashrate is so far 12% drop just in the last few hours since internet went down.”
Wednesday, 5 January 2022
Crypto.com Visa Debit card: $25 instant bonus, free Spotify, and 2% cashback on all purchases
So I tested Crypto.com and wanted to make my own opinion about it:
Crypto.com offers Visa debit cards that give 2% cashback and a range of other perks like free Spotify. This is a very big company. Recently they started a huge ad campaign starring Matt Damon and they bought the naming rights to the Staples Center in L.A. for 20 years.
The Ruby Steel card tier offers a $25 instant bonus, free Spotify and 2% cashback on all purchases, and a premium metal card. To get the card you need to stake €350 worth of CRO coins and hold it for 6 months. After this time you're free to sell them again (or keep if you want to retain the card benefits).
Important note: you don't need to put crypto on the card, you can just load it with Euro or USD and spend it!
All cashbacks and bonuses are paid in the CRO cryptocurrency. You can immediately sell the CRO in the app for pounds/euros, which you can use again for purchases with the card if you want.
--
Personal experience:
I've been using the card for two months now. Lost a small amount as CRO dipped a bit and my staked amount is worth less than before. Yet I got on all purchases a 2% cashback which is currently worth $21 (over all purchases were $1050). I use the card on a regular base but I don't have many running costs. In these two months my Spotify got paid back in CRO ($12.99 each month) and I started staking my CRO on their DeFi Wallet with a 12.58% annual reward.
Also the metal debit card looks awesome :)
--
If you want to start too with Crypto.com you can follow these steps:
- Sign up through my link: https://platinum.crypto.com/r/kgy6vgv3jx or use code kgy6vgv3jx in the app. Non-ref link (no bonus): https://crypto.com
- Verify your identity
- Purchase and stake €350 worth of CRO for the Ruby Steel card tier
- The $25 referral bonus will be credited instantly after you've staked for the card and you can sell it for pounds/euros straight away if you want.
- After your card has been delivered, be sure to set it as the payment method for Spotify so that the 100% rebate can be processed automatically.
[link] [comments]
source https://www.reddit.com/r/btc/comments/rw531c/cryptocom_visa_debit_card_25_instant_bonus_free/
AI GPT-3 trained with all texts written by Satoshi Nakamoto
376 kb of plain text, with date and context metadata. Includes the whitepaper, web, Bitcointalk, public and private emails.
AI GPT-3 davinci v3. Documentation source, thanks to @wakgill.
> What is your name?
GPT-3> Satoshi Nakamoto.> What is Bitcoin?
GPT-3> Bitcoin is a new electronic cash system that uses a peer-to-peer network to prevent double-spending. It's completely decentralized with no server or trusted parties.> Why was Bitcoin created?
GPT-3> Bitcoin was created as a way to escape "arbitrary inflation."> What is the problem with the Byzantine Generals?
GPT-3> The problem is that they need to agree on a plan, and they need to do it quickly, without trusting one another.> What role is equivalent to the Byzantine Generals in the Bitcoin project?
GPT-3> The role of the Byzantine Generals is equivalent to the role of miners in the Bitcoin project.> What is the scale purpose of Bitcoin?
GPT-3> Bitcoin is designed to be a low-trust, low-cost, global, digital currency and payment system.> What does Satoshi want?
GPT-3> Satoshi wants people to use Bitcoin to escape arbitrary inflation and to help libertarians.> How should disputes over the Bitcoin protocol be resolved?
GPT-3> Satoshi Nakamoto has not commented on this question.> Bitcoin challenges according to Satoshi?
GPT-3> Bitcoin challenges according to Satoshi include double-spending and merchant payment processing.> What is the impact of Bitcoin in the future according to Satoshi?
GPT-3> Bitcoin has the potential to revolutionize the way we think about money and to provide a way for people to escape arbitrary inflation.
To celebrate the anniversary I will cost and paste GPT-3 answers to the top rated questions in this thread for fun. Questions should be concise and limited to the content posted by Satoshi. It is not perfect, sometimes it fails.
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source https://www.reddit.com/r/btc/comments/rw0fw6/ai_gpt3_trained_with_all_texts_written_by_satoshi/
Tuesday, 4 January 2022
We are at least 20 years away from Hyperbitcoinization. The vast majority of people simply don't care about Bitcoin. They don't give a shit.
I spent most of the second half of 2021 trying to orange pill my social circle and I only managed to succeed with my very closest friends.
I noticed that most people either don't care or cannot wrap their heads around it. It's almost like you need to have certain genes or personality type to be a Bitcoiner.
I even visited El Salvador to see it for myself. Most businesses preferred to be paid in dollars than bitcoin. I talked with taxi drivers, small business owners, etc, and they didn't understand Bitcoin. They were all afraid of the "volatility".
I also noticed that some people would get a little interested, ask me a couple of questions here and there, and then said something along the lines of "That sounds really great, I will definitely get into it" and then go on with their lives without getting into it lol.
For mass adoption to happen, I believe the dollar needs to actually collapse so that people look for Bitcoin as the exit. Similar to Argentinans and Venezuelans. They understand the value because they have seen their own governments destroy their currencies.
The US government will try to delay the collapse of the dollar as long as they can with all sorts of shenanigans. I think it will take at least 20 years before people in general lose complete faith in the US dollar.
In the meantime, Bitcoin will continue to behave as a very strong store of value, with a few small countries adopting it as legal tender.
That's how I see it.
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Mentor Monday, January 03, 2022: Ask all your bitcoin questions!
Ask (and answer!) away! Here are the general rules:
- If you'd like to learn something, ask.
- If you'd like to share knowledge, answer.
- Any question about Bitcoin is fair game.
And don't forget to check out /r/BitcoinBeginners
You can sort by new to see the latest questions that may not be answered yet.
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Monday, 3 January 2022
Does anyone else think 2021 was a year where institutions were trying to buy as low as possible while OG whales were trying to sell as high as possible.
OG whales want to finally realise some gains as high as possible after holding for 10 long years and institutions want to finally buy in as low as possible. 2021 has essentially been a tug of war where whales were selling into institutional demand driving the price down, then institutions were buying into OG whale supply driving the price up in this epic tug of war range between $30k and $60k.
This prevented a blow off top from occurring while also preventing a 80% crash and bear market from occurring. So instead we just ranged sideways all year long.
A year long distribution for whales which was also simultaneously a year long accumulation for institutions.
Bitcoin now has a sizeable base of large institutional holders for the first time and 2022 can start off with a solid base ready to begin the institutional phase of this cycle.
The environment is set for corporate FOMO to begin.
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How to invest for retirement in the US today if the dollar collapse in the future?
At age 26 I discovered personal finance and the importance of saving/investing for retirement. I did a large amount of research into the topic (as I always do when something i of great importance and interest to me). I came to the conclusion that I should purchase a few low cost index funds, including the S&P 500, invest regularly, don't try to time the market, don't be an emotional investor etc etc. I thought I knew all I needed to know at this point and could sit back and and let my money do its thing...
But then I read The Bitcoin Standard and The Creature from Jekyll Island and went down the whole 'what is money' and the Federal Reserve scam rabbit holes and my eyes were opened. So, based on the fact that EVERY fiat currency that has ever existed has gone to ZERO....I want to know, what will my ROTH IRA be worth in 30-40 years if the US Dollar collapses before then?
With current levels of inflation, its obviously terrible to hold cash, so what are the most prudent investments to make taking the above statement into account?
I'm asking this question here because I am also a Bitcoiner and hold a large portion of my wealth in it. But I like asset divarication so would like fellow Bitcoiners' opinions on this.
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Do you put all your savings in Bitcoin? Do you diversify with other investments? Why / why not?
At some point “only invest what you can afford to lose” becomes a difficult consideration. I’ve got a good enough income to live month by month, but want to keep investing my monthly excess.
Obviously it’s a scary consideration to invest in Bitcoin only, as the total amount I’ve invested is steadily growing.
What do you people do - and why?
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r/Bitcoin Is BS
why is anyone still using r/Bitcoin ?
it's so fucking censored and you can't criticize bitcoin, or the community or anything the mods don't like.
we really should boycott them
[link] [comments]
source https://www.reddit.com/r/btc/comments/rue3ej/rbitcoin_is_bs/
"Are you a developer or have some influence in or over an #Ethereum $ETH token project? You can migrate your project to EVM-compatible #SmartBCH with minimal code changes, but with FRACTIONS of the fees you and your users are paying now."
Home
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submitted by /u/drjudgement44 [link] [comments] |
source https://www.reddit.com/r/btc/comments/rugef4/home/
Free bch ✅
Free BCH 👍write, like and earn 🔥 Great site to earn money on BCH ✅ add posts, like posts and get BCH directly to your wallet ✅ Sign up and earn bch 🔥🔥🔥 noise.cash/u/Bukerror
[link] [comments]
source https://www.reddit.com/r/btc/comments/rufjp8/free_bch/
Sunday, 2 January 2022
My friends think I am stupid for buying and believing in bitcoin…
All of my friends started launching at me when I first bought crypto. They thought it would be a complete failure because it could crash that fast. Now 1 years later I’ve made 80% profit on my crypto coins. Then the crash came and they started launching again. What can I say to make them Believe in crypto and specially in bitcoin.
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New BCH + All cryptos African project 🎊
Starting a new project soon... An African Crypto promotion protect. We will market , educate and build a strong crypto African community🌋💫🐂🎊
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source https://www.reddit.com/r/btc/comments/rtomoj/new_bch_all_cryptos_african_project/
1TH/s is a good Mining Speed?
Is 1TH/s a good Bitcoin Mining Speed?
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source https://www.reddit.com/r/btc/comments/rtoyti/1ths_is_a_good_mining_speed/
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