I buy £100 Bitcoin every pay day (every 2 weeks) everytime I buy it it plummets just like today went down £1000 after I bought this morning😂 overall I’m not missing out on much Bitcoin I got 0.005 from £100 when I could have got 0.0053 if I bought now instead of earlier so not a huge loss really
As the title states, if a business owner accepts bitcoin payments for the sale of $100 good/service and the price of bitcoin then drops 10%...the business owner technically lost %10 of their sale correct?
Why accept bitcoin as payment if the overall price goes down? Unless they plan to hodl..
My father in law got scammed out of $6k, by being told to go to a bitcoin atm and put in the cash. He never selected a receive wallet, or was given access or asked for a QR code at any point. When being scammed there is supposed to be a step where you stupidly give the keys, seed phrase, etc, away, but I can’t find that point of failure here. The money is gone, I just want to learn what happened and inform others.
He scanned his Drivers license, put in the money, and got a receipt that shows the public address, and no private keys of any sort. I go to import this public address as a watch only wallet (of course empty now) to see the transaction history, my FIL’s BTC and one other victim’s input, and one output to an external address, moving the stolen money.
My question is, how can a Bitcoin ATM let someone buy without specifying a receiving address, or allow buying into an address that someone already controls. I assume it must be an inside job, and the owner of the machine has access to the temporary wallets it must create upon purchase. Could someone set up the machine to receive, then walk away as your victim is on the phone coming around the corner and then finish the session with my FIL inserting all that cash and getting a useless receipt. Is that feasible?
Currently I am purchasing small amounts of BTC (.0005) everyday on Coinbase.
My free trial is coming to an end in a few days for Coinbase One, so I will incur a $30 monthly cost in order to avoid fees on these purchases. At current prices that is about 11.77% of my monthly investment. That seems too high.
I could up my investment to bring that percentage down, but my monthly investment total is comfortable and I like to forget about it.
There has to be a better option out there. This investment is intended to be long and not ideal to have that type of position on Coinbase anyway.
Any thoughts?
On-chain applications require remote procedure calls, also known as RPCs. These are core elements of every app because they allow apps to "read and write" information while working with blockchains. Through specific commands, called "methods," app users can send and receive data about blocks, transactions, validators, hashes and more.
To read the full article about RPC API Methods go to our new blog on Getblock.io
My understanding is that the one “winning” miner who validated a block will be rewarded with both the block reward and transaction fee. Does that mean all the other miners do not receive anything from their efforts to mine that block? I’m just wondering how individuals would make anything at all from mining unless they joined a huge pool. Furthermore, do miners pick and choose which transactions they will include in any block? In other words, are there blocks comprised of different transactions that are being mined at the same time in a race for validation? What happens to the transactions in blocks that don’t get validated at that time? Back to mempool? Just trying to dig deep here to really understand mining. I appreciate any info!
Hi,
First of all, we would like to thank the moderators of the subreddit for allowing us to make a post about this project and anyone who is willing to participate in this project!
The link to the survey can be found at the bottom of the post.
Purpose of the project
The purpose of the master’s thesis is to better understand which factors may influence retail investors’ intention to invest in cryptocurrencies.
The independent variables used in the thesis are:
- Performance Expectancy
- Effort Expectancy
- Social Influence
- Facilitating Conditions
- Fear of Missing Out
- Loss Aversion
- Herding Behavior
The dependent variable used in the thesis is:
- Behavioral Intention, more specifically «Intention to invest in cryptocurrencies»
The survey does not include questions regarding moderators like age or gender.
Which institution is responsible for the research project?
Inland School of Business and Social Sciences, Campus Rena ( https://www.inn.no/english/about-inn-university/campus-rena/ )
Why are you being asked to participate?
You are being asked to participate in this study, because we want to investigate retail investors who uses Reddit to gather information for investment purposes. Our population are retail investors who invest in cryptocurrencies and our convenience sample are retail investors who invest in cryptocurrencies and uses Reddit.
What does participation involve for you?
Your participation involves you answering an online survey regarding various factors (see «Purpose of the project»). Based on two pilot tests (total n=8) the estimated time to answer the survey is 5-10 minutes, but you may take all the time you need.
Your response to the survey is important to better understand which factors may influence retail investors’ intention to invest in cryptocurrencies, more specifically those who use Reddit. It will contribute to the fields of research within behavioral finance and use of financial technology.
Participation is voluntary
You may at any given time decide to not participate in this survey by simply not completing the survey. It is not possible to remove your response from the survey after completing it, because every response will be anonymous.
Your personal privacy – how we will store and use your personal data
The data collected from this survey will only be used in this master’s thesis. The survey is made in accordance with the Personal Data Act in Norway. To avoid inappropriate storage of data in the application, the data in the submitted responses will be deleted as soon as possible and no later than within six months. The form will not store information on respondents. In other words, identification of individual respondents will not be possible. As we want to maintain the anonymity of Reddit-users, the survey will not store any information which could help identifying individuals (social security number, full name, username, email). For more information about Nettskjema and privacy, check this link: https://www.uio.no/english/services/it/adm-services/nettskjema/privacy/tos.html
The link to the survey (anyone who uses this link can fill out the survey):
https://nettskjema.no/a/324201
Our account doesn’t have enough karma to comment, but feel free to post a comment if you want to give feedback.
Thank you again for taking part in our project!
Hey guys, I'm a big Bitcoin supporter, I just set my node up, I'm opting out and I'm working a dead end. Now as I set the node up I thought, damn a Bitcoin miner would be sweet, as a matter a fact mandatory to support the network (and this is a decentralized system), so I look at the bitmains, I look at the prices of video card rigs and this is not in the price range of a pleb.
I just want a small well priced miner, it doesn't have to be in profit for the next 10 yrs, what options do I have between 500-1000 euro or dollars(maxi max max) Anyone? Because these prices aren't too decentralized to me And it seems like these ASIC providers are centralized as hell. Plus I don't want to buy it from a company based in a communist state because... Shit because of freedom 0.0 What are my options if any?
the Taproot soft fork had approval of 90% of miners.
it seems too easy for miners to manipulate the bitcoin active developers into upgrades that benefits them like pushing the next halving to a later date, or something similar that could benefit them. it could be very subtle
how do we know there is no corruption in the bitcoin development team?
 |
I design and make custom lamps and this time I decided to make something crypto-themed.Let me know if it's cool or meh, any feedback much appreciated! [link] [comments] |
A lot of governments own a lot of bitcoin, including China, USA, Bulgaria is rumored to have 200k Bitcoin. But why do they hold Bitcoin? Do they think it's gonna have a bright future or they just confiscated it and forgot about it?
Have some BTC in Paxos. Should I not given recent events?
In many postst and comments in this forum people reccomend using hardwarewallets for storing Bitcoin which I, like most bitcoiners, fully support. However when it comes to the different hardwarewallets that people here use and reccomend, its mostly ledger, coldcard and trezor. The bitbox is almost never mentioned. However from other scourses like Youtube, the bitbox 02 (Bitcoin only Edition) appeares to be the most reccomend option for storing btc. Is the bitbox 02 pushed by german youtubers (like Roman Eher and Niko Jilch) or is it fine and maybe undertepresented in this forum? Has anyone tried the bitbox and can reccomend it or has any complains? I personally tested the ledger nano s and the bitbox 02. Both are fine in my opionion. I dont like the ledgers partly closed source policy and the storage of customer data. And I dont like the lack of haptical feedback of the bitbox 02. Other than that I am happy with both but like the bitbox better.
A bit of a hypothetical scenario question here!
Lets say I accumulate a decent amount of BTC over the next say 10 to 15 years.. and then I move to, or travel to somewhere like Costa Rica, where Bitcoin payments are becoming more common.
I understand that I could move some amount of BTC from a hardware wallet to a wallet that is compatible with the lightning network, to make smaller micro transactions.. but what are the tax implications in doing such a thing?
I more or less understand how capital gains tax works if I were to sell BTC for a profit in the future; but how does it work if you were to just start using it and spending it as a way to pay for stuff?
What do you guys recommend?
I can't use coinbase or binance US. Binance wanted me to fill out all this paperwork and I told them to get fucked. Coinbase was something else
I'm sports gambling so I want something where I can withdraw bitcoins and sell cheap without too many fees
This post is for the noobs who just like me synced their nodes very recently. Also I want to admit that I was an idiot thinking my Bitcoin Node was "online" supporting the network for a whole month, when in reality it was just sitting there.
I was trying to connect a widget to my node to read some data over my network. that's when I realized I can’t access it.
After a little of research, I found a way to check if my node was online (which is on the Bitcoin Core website: https://bitnodes.io/#join-the-network) and it kept returning errors.
After some more research I realized I need to configure my router to forward port 8333 and allow my firewall to pass through inbound connections.
tl;dr, after you sync your node, confirm it’s actually online. Peace.
Just looked at the markets and just wanted to remind everybody that holding your BTC on exchanges is risky. Proceed with caution if you choose to do so.
"Not your keys, not your coins," Those exchanges have had a rocky road over 2022.
Let's talk about the term "FUD".
I think the reaction of calling every idea about about Bitcoin you don't like as "FUD" is ridiculous. It's the same intelectual laziness by which liberals attribute any type of disadvantage to racism or sexism and the way conservatives dismiss any information that doesn't align with their world view as fake news.
They are all just excuses of self-righteous defensiveness.
I know even the biggest Bitcoin influences throw this term around, but I would urge you to have deeper thoughts when questioned about bitcoin. By not leaning on the knee-jerk reaction of "FUD" you will provide a better understanding to the person asking the question and it will also force you to deepen your own understanding and philosophy of why Bitcoin works.
And that is exactly why the term is unnecessary and lazy, because all the typical arguments "FUD" against bitcoin have very clear explanations that anyone willing to learn how money works can easily understand. And if that person doesn't what to take the time to understand bitcoin, that's fine. They will just have to buy bitcoin at the price they deserve.
I've often posted here that Bitcoin does not care about semantics, but I think this idea is more than just semantics. It's about promoting a more intelligent discussion around bitcoin, which also requires the respondent to also improve their own understanding.
Cheers!
![[technical] Understanding Bitcoin Miniscript - Part II - What is Miniscript?](https://external-preview.redd.it/CsXSEL2gJJ9liktBDSNhFeFeIjvAOiLKe8aPIIsAG4o.jpg?width=640&crop=smart&auto=webp&s=070de04550663c0b83cc6a47d72f60da4f9ae251 "[technical] Understanding Bitcoin Miniscript - Part II - What is Miniscript?")
![[link]](https://i.redd.it/q2pi9r08ndla1.jpg){kind=link}
![[link]](https://i.redd.it/w7gnprhew0la1.jpg){kind=link}
![[link]](https://i.redd.it/fpv3qhpgmtka1.png){kind=link}
![[link]](https://i.redd.it/0nolevg9hmka1.jpg){kind=link}