Time it would take to bring in 1 billion people to BTC, and finally to lightning

I was wondering how much time (in the Bitcoin blockchain) it would take if suddenly 1 billion people wanted to get some Bitcoin the usual way, because suddenly bitcoin was accepted by most merchants.

Considering that most people will buy from exchanges, for withdrawing to self custody that will require 1 billion tx (maybe less if the CEX comprises them), and considering an optimistic 5,000 tx per block, that would take 200,000 blocks or 3.8 years. After that, if everyone opened one channel, that would be roughly the same amount of txs again right? another 3.8 years?

Am I correct? Maybe I am an idiot and I missed something.

As an alternative, would it be possible to skip all the onchain process and onramp people directly to the lightning network, but allowing everyone to have their own lightning nodes? (not like Muun wallet, which I love btw).

submitted by /u/felipebrunet
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Jason Lowery & IA: Can Bitcoin Bring Peace? Asset Protection, Great Reset, Mars + more

submitted by /u/Geoknysis
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Miners who hold the most BTC are constantly expanding?

Miners are not only maintaining their ground, but also drastically boosting their hash rate, according to a variety of mining measures. According to a research by Arcane Research, publicly listed BTC miners are always seeking for ways to expand, since they expect to boost hashrate higher than the whole network by 2022.
According to the latest numbers from the Cambridge Bitcoin electricity usage index, North American miners account for 44.95 percent of the worldwide hash rate. It's anticipated to rise, given the enormous predicted increases in goal hash rate among publicly listed Bitcoin miners. They don't have to sell their Bitcoin to acquire additional machines, expand their rack space, or do anything else.
They could head to the capital markets and receive the money they need to keep expanding. As a result, they are able to hold big Bitcoin positions. I think this will drive the price of BTC up, plus the entire crypto market with it, so I’m stacking up BTC, along with ETH, Solana, SocialGood, Avalanche… projects that have proven their purpose in the industry.
Bitcoin has proven to be too big to fail and will keep increasing with value as more people invest in it as digital gold. Last year, many theorized the rise of BTC to 100k$. Do you think it’s possible this year?

View Poll

submitted by /u/Livid_Toe_721
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source https://www.reddit.com/r/btc/comments/thc1uj/miners_who_hold_the_most_btc_are_constantly/

New Restaurant in Barquisimeto - Venezuela already accepts Bitcoin Cash

​ https://preview.redd.it/bxxn2o9ux6o81.jpg?width=1280&format=pjpg&auto=webp&s=6a9e5f301d89ffe449a37852dfecb2113dcd7c0f https://preview.redd.it/jngqr7kux6o81.jpg?width=1280&format=pjpg&auto=webp&s=42d35e276346013458ce6c665855b5cb57e756ad https://preview.redd.it/mfo6xd9vx6o81.jpg?width=1280&format=pjpg&auto=webp&s=538d7648b970271e4021123bb4b19f7ff424b34f submitted by /u/Joseignacioarajo [link] [comments]

source https://www.reddit.com/r/btc/comments/thcmdx/new_restaurant_in_barquisimeto_venezuela_already/

I hope our politicians are listening to this brilliant MIT US Space Force guy

submitted by /u/s3k2p7s9m8b5 [link] [comments]

Elizabeth Warren is trying to criminalize and sanction US citizens operating bitcoin nodes/put narcware on all US bitcoin nodes/cold storage wallets.

My absolute main issue with bitcoin reddit, is that you guys underestimate how bad it is to continuously have laws passed to criminalize your existence. While China indeed didn't technically truly stop bitcoin, they all but effectively did.

I'm afraid you're going to have to focus on politics and doing whatever is politically necessary to get laws passed that protect peer to peer rights.

submitted by /u/samdane7777
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Moderate Inflation is a good thing is a myth, propagated to justify insane policies

Just your regular reminder that we all have been subject to a heavy dose of propaganda in our school system on inflation and consumption.

This is mainly to justify the necessity of government controlling the money-supply.

A statistician (Keynes) from an aristocratic family who never had to work came up with the (incorrect) theory that spending and consumption are good for the economy, while savings are bad. Therefore, savers should be punished by constantly debasing their savings.

Lots of governments ran with it to justify debasing their currencies to death to pay for WWI and WWII. After the wars, controlling money was too powerful to give up and we ended up with the current insane propaganda that money constantly losing value is actually a good thing.

The economy prospers by hard work and innovations, not by arbitraging financial instruments and buying cheap Chinese shit on a credit card that you can never fully pay off.

If you going to hold Bitcoin for more than a week, read something like the Bitcoin standard - so you can detoxify your brain from all the propaganda.

submitted by /u/Vegetable_Study3730
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How to bridge my altcoin for Bitcoin?

Hello,

I bought some Bitcoin a while back, but I mainly own alt coins (Ethereum included) on Polygon. I don’t like the idea of storing money on a "centralized" blockchain (there is only a few validator on the Polygon network, which enables small fees) and I like the robustness of Bitcoin.

However, by doing research, I only found a way to bridge Bitcoin for an ERC20 token like renBTC, but I can’t exchange renBTC back to Bitcoin. I found the liquality.io bridge which seems to work, but the minimum swap amount is of 0.1 ETH, which is too expensive for me.

Do you any way to bridge EVM tokens to BTC, or any atomic swap or a centralized exchange with low fees and no KYC that I could use?

Thanks a lot in advance!

submitted by /u/Mathamatix
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source https://www.reddit.com/r/btc/comments/tgh3ix/how_to_bridge_my_altcoin_for_bitcoin/

The End of the Dollar Hegemony with Nic Carter

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

Indian government says no plan to issue cryptocurrency

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

source https://www.reddit.com/r/btc/comments/tgh2iw/indian_government_says_no_plan_to_issue/

What would you think about a $0.01 per 1 BCH transaction fee?

• $0.0001 for 0.01BCH ($2.9)
  
• $0.001 for 0.1 BCH ($29)
  
• $0.10 for 10 BCH ($2900)
  
• $1 for 100 BCH ($29,000)

A fee structure similar to this would retain Bitcoin Cash's low transaction fee usability while also increasing overall block security

What would you think of a hypothetically scaling fee model of sort?

submitted by /u/FamousM1
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source https://www.reddit.com/r/btc/comments/tggltw/what_would_you_think_about_a_001_per_1_bch/

Ukraine officially legalised Bitcoin

Smart move! Without Swift, Russia can still play with their internal servers, banking systems, Chinese and Indian Swift equivalents.

If your banks & datacenters are bomed and all systems down, a decentralized networks such as Bitcoin is the only option standing for all citizens.

Portable Solar Panel + Starlink + Bitcoin = financial sovereignty for every human on earth

https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

submitted by /u/JunoKat
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Bitcoin legalized in Ukraine

submitted by /u/RedshiftOTF
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Ukraine's Zelenskyy Signs Virtual Assets Bill Into Law, Legalizing Crypto

submitted by /u/Michellerose6834 [link] [comments]

Do I pay taxes on mined bitcoin?

When I was 16 I mined bitcoin for a couple weeks and made around $60 worth in btc, just recently I decided to purchase a Amazon gift card on BitPay with it and that has got me thinking do i need to file those in a tax report?

submitted by /u/xAsianRamenx
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source https://www.reddit.com/r/btc/comments/tfplus/do_i_pay_taxes_on_mined_bitcoin/

EU considers Asset (Wealth) registry of every citizen

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

Which of these ways are not only easy but also, allow you to reap many monetary benefits and rewards?

​

1. Staking: Our Favourite

Staking is the process of locking cryptocurrencies in a blockchain network.

2. Yield Farming

Yield farming refers to the process of lending your crypto assets in the decentralized finance protocol.

3. Liquidity Mining

Liquidity mining is one of the easy ways to earn money with cryptocurrencies.

4. Buy and Hold

Buying cryptocurrencies and holding them for a certain period of time is the most effective way of earning money with cryptocurrencies.

5. Referrals: Easy Way to Earn Money with Cryptocurrency

Referrals are another effective way of earning money with cryptocurrencies

6. Trading: Easy Way to Earn Money with Cryptocurrency

Day-trading is one of the most common and easy ways to earn money with cryptocurrency.

submitted by /u/UniFarm_
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source https://www.reddit.com/r/btc/comments/tfopju/which_of_these_ways_are_not_only_easy_but_also/

Dafuq

submitted by /u/JuiceColdman
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source https://www.reddit.com/r/btc/comments/teza7j/dafuq/

Crypto Spring

Bitcoin is starting to get a little more active. Are we getting ready to start crypto spring?

submitted by /u/KrypticMization
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Is it possible to incorporate the locked BCH being used for SmartBCH into a locked liquidity pool for CashFusion?

Just a thought of a possible use-case for non-moving coins & for a solution to CashFusion's lower liquidity

submitted by /u/FamousM1
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source https://www.reddit.com/r/btc/comments/tey46l/is_it_possible_to_incorporate_the_locked_bch/

What country will be the first to follow El Salvador and embrace Bitcoin?

We put together likely candidates for making Bitcoin tender or contenders for de-dollarizing their economies or giving more precedence to Bitcoin instead of the US dollar.

https://www.cryptovantage.com/news/what-country-will-be-the-first-to-follow-el-salvador-and-embrace-bitcoin/

submitted by /u/thecryptovantage
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USD alternatives are starting to appear: Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales. Crypto with low inflation unlike FIAT may in the future grab some market share.

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

source https://www.reddit.com/r/btc/comments/tewqsr/usd_alternatives_are_starting_to_appear_saudi/

‘Shark Tank’s’ O’Leary Lobbies Congress for Sen. Lummis’ New Crypto Bill

submitted by /u/Ready-Emu55 [link] [comments]

source https://www.reddit.com/r/btc/comments/te63g9/shark_tanks_oleary_lobbies_congress_for_sen/

32 to 24...

submitted by /u/sudonim_13 [link] [comments]

Forma parte de los Bitcoin Agents Venezuela 2022

¡Genera ingresos extras educando a personas y comerciantes! ¡POSTÚLATE! https://airtable.com/shr1kDMpH3jmFoaXU ¿Qué debes hacer? 1️⃣ Ir al enlace que está en nuestra bio 2️⃣ Llenar el formulario y seleccionar la opción de Bitcoin Agents (recuerda cargar tu CV en PDF) 3️⃣ Suministrar la información y buscar el correo electrónico que ha llegado en promociones a tu bandeja de entrada 4️⃣ Esperar el contacto de parte de la comunidad de BCH Latam ¡Es muy fácil! Solo tienes que tener entusiasmo, ganas de educar y sobre todo de trabajar ✅ IMPORTANTE ✅ No importa de qué parte seas, es 100% abierta la postulación... https://preview.redd.it/ml90r1597en81.jpg?width=1600&format=pjpg&auto=webp&s=1a1962b94fa0ed5d22a0b61c65e5af3af68cdfa2 submitted by /u/Joseignacioarajo [link] [comments]

source https://www.reddit.com/r/btc/comments/te49oz/forma_parte_de_los_bitcoin_agents_venezuela_2022/

Famous Hacker Explained: I've 7 Billion Dollars Bitcoin

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

source https://www.reddit.com/r/btc/comments/te3si1/famous_hacker_explained_ive_7_billion_dollars/

Bitcoin Profit/Loss Calculator

Hello everyone. I made a simple free tool that allows you to calculate your cryptocurrency profits when you buy and sell at a certain price. There are also more tools available such as Percentage Profit Calculator and Mining Profitability Calculator.

https://cryp-tools.herokuapp.com/normal-profit-calculator.html

Please check it out and let me know what you think :)

submitted by /u/SuperFashion9
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source https://www.reddit.com/r/btc/comments/te3o4d/bitcoin_profitloss_calculator/

Bitcoin has been trading basically within 4% for over 200 hours.

Seems interesting with all the craziness in the world. The worlds most "risky", "speculative" asset has been not only holding ground, but staying within 4%. I guess that's pretty impressive considering entire countries are collapsing.

Almost feels like what we are seeing is retail buying/selling like usual and a bunch of trading bots chasing 1-2% over and over.

I kinda been missing the excitement. Up or down. Lol.

Even when it falls hard at least we could bitch or make a joke about getting fucked by the man.

To me under $40k is buy buy buy.

submitted by /u/Tiggsweld
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Who locked 21M BCH in SmartBCH?

submitted by /u/homopit
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source https://www.reddit.com/r/btc/comments/tdevup/who_locked_21m_bch_in_smartbch/

Bitcoin vs crypto. Year to date.

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

Blockstream Is a controled gubernamental organization created with the unique purpose of slowing down the generalized #Bitcoin adoption. Nowadays the flame of thruth AND Liberty of Satoshi Nakamoto Is Represented in #Bitcoin Cash (BCH).

submitted by /u/XolosRamirez
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source https://www.reddit.com/r/btc/comments/tde0hc/blockstream_is_a_controled_gubernamental/

Can you help me identify this mobile wallet software from a few years ago?

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

Bitcoin Cash .. INDIA .. One of the first few vehicles to go on the Roads of Mumbai..

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

source https://www.reddit.com/r/btc/comments/tcr7ws/bitcoin_cash_india_one_of_the_first_few_vehicles/

Veteran Dealer Advises ‘Gen Zs’ To Set Apart Financial savings On Bitcoin And Maintain

submitted by /u/Robert-Kenneth508 [link] [comments]

source https://www.reddit.com/r/btc/comments/tcrpc8/veteran_dealer_advises_gen_zs_to_set_apart/

Is anyone concerned by the potential ban on POW Being proposed by the EU?

submitted by /u/trango15278 [link] [comments]

CryptoWoo Flipstarter #2 - A seamless non-custodial and self-hosted payment gateway for WooCommerce

Our previous Flipstarter was funded in less than 10 hours. We delivered all the goals, as well as released a new website design and other improvements. The project has received so much positive feedback from the community, and the statistics on wordpress.org show good growth. Previous funders were also positive towards us posting our second Flipstarter.

Please consider supporting our second Flipstarter campaign: https://funding2.cryptowoo.com

CryptoWoo enables WooCommerce users to easily accept Bitcoin Cash payments directly to their own wallet without middleman fees, iframes/redirections, wallet usage limits, or product restrictions. The cryptocurrency goes directly from the customer to the wallet and the payment processing runs on the merchant's own server. This makes CryptoWoo uncensorable, non-custodial, and decentralized, while still being simple to use.

The goals of this Flipstarter:

• For more choice and fallback when an API fails, add additional block explorer APIs blockchair.com, blockchain.info, haskoin.com, bitcore.io, and explorer.bitcoinverde.org. Additionally, support for latest version of the BitPay Insight API will be added, and any other instance of the Haskoin API or Bitcoin Verde API via custom URL.
• Add BCH double-spend proofs for even safer zeroconf.
• Add additional exchange rates API for more choice and fallback when one API fails. The APIs coinflex.com, blockchain.com, kraken.com, and gemini.com will be added.
• Show CashAddr addresses for merchants in wp-admin by default with the possibility to see legacy addresses instead, when verifying HD wallet and displaying addresses in order details. This will avoid confusion by merchants who sometimes have to contact support for help, and it will improve onboarding.
• Add an underpayment display in the checkout immediately when an underpayment is detected, instructing the customer to send the remainder. This will reduce support tickets to the merchants from their customers.
• Create a simple setup wizard when activating the WordPress plugin to enable an easier setup for newer merchants to get started. We've found the huge number of configurable options to be quite daunting for users both new and experienced so we believe this is crucial in making the plugin accessible for all users. During this wizard, we will highlight Bitcoin Cash in the setup wizard as a recommended cryptocurrency for users along with wallets like wallet.bitcoin.com and coinomi.com. During this setup wizard, we will only show basic configuration options to keep it simple.

You may read more and contribute at https://funding2.cryptowoo.com.

submitted by /u/OlavOlsm
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source https://www.reddit.com/r/btc/comments/tcmuc9/cryptowoo_flipstarter_2_a_seamless_noncustodial/

Bitcoin HODL Analysis: Anyone who has held bitcoin for at least 3 years has seen 100% positive return periods only

submitted by /u/KAX1107 [link] [comments]

The Commodity Crisis will Create a New World Order of Money says Credit Suisse Strategist

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

Revolut executive leaves the firm to start crypto-based platform.

As covered in a recent report from Bloomberg, the Chief Revenue Officer for Revolut, a U.K. financial super app company, Alan Chang, has left the firm to focus his attention on a new crypto-based startup, initiating an effort to accumulate $100 million in financing. The digital bank was valuated at $33 billion as per recent funding round in July 2021.

submitted by /u/theladycryptonaire
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source https://www.reddit.com/r/btc/comments/tcmviv/revolut_executive_leaves_the_firm_to_start/