submitted by /u/tigers1230 [link] [comments] |
source https://www.reddit.com/r/btc/comments/1283zwz/australian_bank_stops_distributing_cah_cbdc_is/
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All is in the title, i'm looking for a crypto friendly bank in spain Bilbao. 📝
Do these wallets use different 12 word seed phrase derivations?
Coinbase wallet dropped BCH support so I’m trying to import my wallet elsewhere, but the bitcoin.com wallet is showing zero balance after import. Little help?
I am willing to try a risk free experiment for anyone who wants to compare the usability of BCH vs BTC, Lightning, or another proof of work crypto. Risk free for you, not necessarily for me.
I'll chose a willing participant. I will send $5 of BCH to a public address of their choosing. In return send me an equivalent amount of the crypto of their choice, I'll post the receive address. We can compare notes.
I am happy to return crypto through a second exchange if anyone participating would prefer not to keep the BCH.
Since there is some risk for me, so I'll be vetting before sending. No throwaway accounts for example. I'll also prioritize those who have been either unsure, skeptical, or critical of BCH.
I'll do my best to be honest about the transition experience from my perspective.
All communication should be public in this thread.
If you're interested, publish your receive address in the thread and what you'd like to send in exchange.
I invested in btc when I was younger !
I had bought in when it was worth 12k
Anyhow ! As time went on in life it grew to 68k per coin.
(I had almost 2 full btc)
As my living situation would change and I’d be kicked out on the street ! Inflation had also hit driving my btc waaaaayyyyy down.
I had to get my own apartment and pay for things forcing me to withdraw my btc because I couldn’t afford anything.
I’m still struggling and now have nothing. How do I overcome this or get over this and have motivation to make my lost back :(
ChatGPT was given the January price of #Bitcoin for the last 13 years. $142,514 is its prediction for January 2024 [link] [comments] |
Cryptocurrencies, specifically Bitcoin Cash (BCH), has been around since 2009 and it has been making waves in the financial world ever since. Its decentralized nature and innovative blockchain technology has paved the way for a new kind of financial system that could revolutionize the way we transact and store value.
One of the main reasons why BCH is the future of money is its ability to provide fast and cheap transactions, regardless of the amount being transferred. Unlike traditional banking systems, BCH’s system is not controlled by any central authority or government, reducing the possibility of interference and manipulation.
Furthermore, BCH’s blockchain technology is built to scale, which means it is able to accommodate more transactions without sacrificing its speed and efficiency. This is in contrast to traditional banking systems that can become overwhelmed and slow down during periods of high demand.
Another important feature of BCH is its suitability for micropayments. With its low transaction fees, BCH provides a cost-effective way of transferring small amounts. This opens up opportunities for new business models and can help to drive financial inclusion for individuals and businesses that were previously unable to afford the fees associated with traditional banking systems.
BCH also enables borderless, globally inclusive transactions without the need for intermediaries like banks or international clearing houses. This provides greater financial inclusivity and access to underbanked populations.
Finally, BCH has a limited supply, with a fixed number of coins that can be mined. This means that unlike fiat currencies that can be printed by governments, the value of BCH will not be diluted by inflation.
In conclusion, Bitcoin Cash’s innovative blockchain technology and decentralized nature provide a financial system that is faster, more efficient, and more accessible than traditional banking systems. With the growth of cryptocurrencies, BCH is evolving to be an important part of the financial system, and has the potential to become the future of money.
Is it redundant with the BCH smart tokens fork? Does it have any future?
I have a new Ledger Nano S. I transferred a small amount of BTC to the Native Segwit wallet a few hours ago and the transaction still hasn't posted. What did I do wrong? Is the network slow? Did I just loose my BTC? It wasn't a large amount, but still, this is a cause for concern.
I normally use my Trezor, and never experienced a delay like this. Any insight appreciated.
Hi, I was wondering, of course only out of curiosity and asking for a friend:
How much would you say is a virgin whole BTC on a paper wallet worth?
By Virgin I mean non-KYC, mined and only once transfered to offline generated and selaed paper wallet, pre-BCH-fork and never imported into software wallet (pre-2015).
Is there already a market and a premium on these rarities or is it still to soon?
Gold has not been money for decades. It is not worth anywhere near as much as it would be were it to reassert itself as the monetary standard for all countries.
However gold will not reassert itself as money. At best it will act as a safe haven for people to hide from bank fragility and inflation. It is bitcoin that will end up asserting itself as global money as fiat collapses and all countries enter a global sovereign debt crisis.
Gold is worth $12 trillion currently and could double to $25 trillion if used as a safe haven. But if gold is nothing but a safe haven and bitcoin asserts itself as actual global money then bitcoin should be worth many multiples of gold. Conservatively lets say bitcoin should be worth double gold when gold is worth $25 trillion.
That puts bitcoin at a $50 trillion market cap just for it to reach fair value during a period of financial crisis and sovereign debt crisis. So lets say today before this financial crisis hits it should be no cheaper than 1/10th of its fair value of $50 trillion (ie $240k per btc).
So bitcoins fair value before a financial crisis should realistically be $240k per btc and in the midst of a financial crisis and global sovereign debt crisis it should be worth $2.4m per btc.
If we are entering a financial crisis and are at the beginning of a global sovereign debt crisis then bitcoin has to rise 85x just to reach fair value.
Bitcoin is ridiculously undervalued!