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submitted by /u/LNCrizzo [link] [comments] |
Saturday, 6 May 2023
"Banks exist on the basis of trust. They are really just, don't take this the wrong way, sophisticated Ponzi schemes. And they work when everybody trust each other." - U.S. Senator John Kennedy
Friday, 5 May 2023
Our Lord and Saylor Magic Mike is giving a talk today, is anyone here attending?
It's days 3 and 4 of the Microstrategy event.
https://www.microstrategy.com/en/world-2023/agenda?day=3
The last two days (today and tomorrow) have a strong focus on lightning and bitcoin.
Is anybody here attending in person? Is there a livestream of the fireside chats?
[link] [comments]
Xoloitzcuintle's Guide to Cryptocurrency" E-book for Kids Gets Over 100 Downloads on Xolos.Army Website!
Hey r/btc,
I have some exciting news to share with you all! Our xolosArmy team recently released a free eBook called "#BCH for kids: a Xoloitzcuintle's Guide to Cryptocurrency" on our website https://xolos.army, and I'm thrilled to announce that we've had over 100 downloads already!
It's been amazing to see the positive response from the #BCH community and beyond. We're thrilled that so many people are excited about the idea of introducing children to the world of cryptocurrency, and we're honored to be a part of that effort.
I want to take a moment to thank everyone who has downloaded the book so far, as well as those who have helped spread the word. Your support means everything to us and we couldn't have done it without you!
We truly believe that education is the key to mass adoption of cryptocurrencies like BCH, and that's why we're so passionate about creating resources like this for kids. By introducing them to the basics of crypto at a young age, we can help pave the way for a more decentralized and financially inclusive future.
So, if you haven't already, I encourage you to download our free eBook and share it with any young people in your life who might be interested in learning about cryptocurrency. Let's work together to build a brighter future for all, one Xoloitzcuintle at a time!
Thank you again for your support and enthusiasm, and let's keep spreading the word to the next generation 🚀🐕
[link] [comments]
source https://www.reddit.com/r/btc/comments/137xbg4/xoloitzcuintles_guide_to_cryptocurrency_ebook_for/
Thursday, 4 May 2023
The silent revolution of africa!
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South Africa is experiencing financial repression and limited access to financial services. However, the adoption of Bitcoin has the potential to bring financial freedom and opportunity to the people of South Africa. [link] [comments] |
source https://www.reddit.com/r/btc/comments/136zui8/the_silent_revolution_of_africa/
A Story About the Future of Bitcoin by ChatGPT4. (Based)
I figured I would prompt ChatGPT4 to write a story about the effects of the recent proposal by the US Gov. to implement a 30% tax on crypto/Bitcoin mining. Here's the result-
Title: The Exodus of Innovation
In 2024, the world was shaken to its core as it faced one of the most devastating financial and banking crises in history. The global economy teetered on the brink of collapse, and the United States found itself grappling with instability and uncertainty.
As the dust began to settle in 2025, the U.S. government, corrupted and influenced by the old financial industry responsible for the crisis, turned its attention to the burgeoning cryptocurrency industry. Desperate to maintain the status quo and suppress any potential threats, the government announced a crippling 30% tax on crypto and Bitcoin mining starting in 2026. The decision sparked outrage and concern among the cryptocurrency community, who argued that the tax would stifle innovation and drive mining operations out of the country.
As the tax deadline loomed, many Bitcoin miners and crypto enthusiasts relocated their operations to more welcoming nations with lenient tax regulations. Despite growing opposition, the U.S. government remained obstinate in its decision, hoping to exert control over the industry and appease the old financial powers.
In 2026, the tax took effect, and the American cryptocurrency landscape began to wither. Small-scale miners shuttered their operations, leaving only a few major players standing. The industry was under siege, and the future of innovation seemed bleak.
Meanwhile, as the global economy struggled to recover, the demand for decentralized currencies like Bitcoin grew stronger. People began to distrust traditional financial institutions and sought alternative investment options. The price of Bitcoin began to rise, but the United States, with its ever-increasing hostility toward cryptocurrencies, was unable to reap the benefits.
With the U.S. government unwilling to embrace the potential of cryptocurrencies, innovation and investment poured into countries that had welcomed the crypto community with open arms. By 2028, these nations had become the epicenters of cutting-edge research and development in blockchain technology, leaving the United States lagging behind.
As the price of Bitcoin continued to soar, reaching $500,000 in 2029, the U.S. government stubbornly clung to its hostile stance. The 30% tax had failed to produce substantial revenues, as most mining operations had fled the country. The government's corrupt alliance with the old financial industry had blinded them to the possibilities of a new economic future.
By 2030, Bitcoin reached the astonishing price of $1,000,000. The United States, however, had been left behind, as its increasingly incompetent administration and unwillingness to adapt had cost it the opportunity to partake in the cryptocurrency boom. In contrast, nations that had embraced the crypto revolution flourished, becoming leaders in innovation and prosperity.
In the end, the U.S. government's shortsightedness and allegiance to the old financial industry had devastating consequences. The country that had once been a beacon of innovation and progress had lost its way, and the world marched on without it, embracing a new era of financial freedom powered by cryptocurrencies and blockchain technology.
[link] [comments]
Taking the leap! Starting a small sat stack!
I've lurked here for a while and just wanted to give a BIG thank you to everyone who posts here. I learned a lot from y'all, and it encouraged me to jump in to Bitcoin! I don't have a lot of money, but I'm planning on stacking sats little by little. I do honestly believe Bitcoin is the currency of the future, and I'm excited to think of the day when it's routine to buy and sell things with it. Anyway, just wanted to say thanks to inspiring me to go on this journey! And maybe this will encourage others to get into Bitcoin even if it's only a little.
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Asked chat gpt to “please write a rap song about the blockchain”
Verse 1: Listen up y'all, I gotta tell you 'bout a game-changer It's called blockchain, it's the new innovator A decentralized system, that's the key feature It's the future of tech, I'm a true believer
Verse 2: It's like a digital ledger, that's always in sync Every transaction's recorded, without a single blink It's immutable and secure, thanks to cryptography It's the perfect solution for a trustless economy
Chorus: Blockchain, blockchain, it's the future of the game Revolutionizing industries, bringing a new wave of change It's the answer to corruption, and all the fraud we see Blockchain, blockchain, it's the technology of free
Verse 3: It's not just about bitcoin, it's way bigger than that It's about creating a system that's transparent and flat From supply chain to voting, it can solve many woes It's the key to unlocking, the potential that we all know
Verse 4: It's not just for the techies, it's for everyone to use It's a tool for the people, to empower and refuse To be held down by the old ways, and the centralized rule It's the way to a better world, where we all can be cool
Chorus: Blockchain, blockchain, it's the future of the game Revolutionizing industries, bringing a new wave of change It's the answer to corruption, and all the fraud we see Blockchain, blockchain, it's the technology of free
Outro: So let's embrace the blockchain, and what it can do It's a powerful tool, that's for me and for you It's the future of tech, and it's here to stay Blockchain, blockchain, let's make it our way
[link] [comments]
source https://www.reddit.com/r/btc/comments/136wic9/asked_chat_gpt_to_please_write_a_rap_song_about/
Wednesday, 3 May 2023
Tuesday, 2 May 2023
Home Mining in Iran
Does anybody have (first-hand) experience in home mining in Iran? The power costs are incredibly low. I’ve only read that mining farms had to shutdown mining activities in 2021 because of ‘energy crisis’ but now it seems there are no restrictions.
I’m pretty new on this topic and do need good resources. Does anybody have a comprehensive guide on home mining? Are there any pitfalls? I don’t wanna make mistakes in the beginning :)
I’ve seen good reviews on Antminer S9 (best in value, only used ones available) and Antminer S19 / S19 Pro (seems pretty solid and has a decent hashrate).
My budget is like $5000.
Thanks for your help!
[link] [comments]
The biggest hurdle for bitcoin payment adoption might not be what you think...
Upon talking to merchants over the years about accepting bitcoin payments on their online stores, the biggest roadblock that most of them point out is not volatility but regulatory complications.
Most companies tend to shy away from bitcoin if there is a legal grey area surrounding crypto in their region of business and this seems to be the biggest roadblock for most online merchants.
We might say that bitcoin is giving power back to the people and taking it away from banks and central institutions but for any business to operate in a region, regulatory compliance is necessary [even if they are central authorities].
So how can honest businesses operate using bitcoin in such circumstances?
[link] [comments]
Monday, 1 May 2023
Would it be possible to have a BCH onchain contract like a PUT option, to then create a BCH backed over collateralized dollar stablecoin?
Lets over collateralize the example to make sure its safe against even a 90% crash.
1) So lets say BCH is $100
2) We make you create a dollar backed token contract with 10x collateral required, so in this case you would need to fund it with 10BCH to create $100 of USD tokens (lets call it BCHDollar).
3) The term for the contract is set to 12 months. At which point at settlement either: A) some of your collateral will be given for each BCHDollar, B) you buy some BCHDollar on the open market to close your contract out before expiry.
4) if the value of your collateral reached some threshold, maybe 2x-5x, then part of your collateral is just sent directly to BCHDollar current holders or maybe some collateral is liquidated for USDC to back the BCHDollar, the contract gets canceled and the BCHDollar is instantly redeemable for the USD or BCH.
This is all basically a very overcollateralized option contract, now what are the benefits of doing this?
Well BCH holders can have 10% of their BCH as a sort of dollar token to be used as they like, its a cool free loan (well requires your crypto to be locked up while you have it, as the price of having it).
Users can have access to a 10x collateralized USD token, that is not subject to banks or anyone, to use as they wish, its an option contract that has a $1 value built in, and can be used as money.
[link] [comments]
source https://www.reddit.com/r/btc/comments/1345od0/would_it_be_possible_to_have_a_bch_onchain/
Banking crisis the best thing to ever happen for Bitcoin?
So some say the current baking crisis is just beginning and others suggest first republic will be the last to fall. A lot of the short term bonds that reach maturity over the next 60 days are the main source of regional banking’s unrealized losses. If the fed decides to raise rates this Wednesday (which is almost a certainty), this would only put more pressure on struggling banks. Who knows if we will see more failures but if we do, it could be a significant shift in Bitcoins public opinion.
As many of us know, one of the reasons Bitcoin was created is to offer an alternative option to the corrupt, unsound, centralized, debt driven modern day banking system. If a chain reaction of bank failures pushes mass adoption of Bitcoin, only to be followed by government bailouts and further devaluation of the dollar, we may be in one of the most exciting times for Bitcoin.
What do you guys see happening over the next two months?
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BTC Russia hack, 🐂💩 or not?
I don't know enough to say anything about it, but I'd like to get someone to EILI5 as to how this hacker could do this? Was the exploit wallet side, or on the Blockchain? Was the transaction intercepted? How could this be done?
[link] [comments]
source https://www.reddit.com/r/btc/comments/1342u5e/btc_russia_hack_or_not/
Sunday, 30 April 2023
Bang! 365 days 'til next BTC halving.
The starter-gun fires indicating LAST LAP!
In this case, the last lap around the sun before BTC rewards halve.
Miners, are you ready to lose half of your revenue? Of course, the price of BTC could double between now and then, or all miners collectively sandbag and further limit the number of on-chain transactions and drive up fees. Outside of that, your operating income will be cut in half.
I know there are quite a few long term energy contracts that will sustain mining for upwards of a year after the halving, but if your not a going commercial concern with close ties to an energy origin, how long can you run on half your income?
There's still plenty of time and a good chance the market (or Tether) sees fit to drive up the price.
I will admit I was stunned when there was very little ebb in hashing power after the last halving. It's very hard to quantify the extent to which a person or company will continue gambling that they can outlast their competitors in a game of economic chicken. They hope their competition can't survive on scale and drops out of contention first.
You've got one lap left to pop the corn and warm the butter. Remember, not too much salt!
Source: 365 days according to fork.lol, bottom of page
[link] [comments]
source https://www.reddit.com/r/btc/comments/1335q5s/bang_365_days_til_next_btc_halving/
Bitcoin from Firstrade
Has anyone bought bitcoin from Firstrade? It’s my stock brokerage for a long time (maybe 10 years). I have only bought crypto via Grayscale’s ETF, GBTC & ETHE as I don’t have a crypto brokerage. Firstrade now offers crypto trading (even without fees). However, the spread is so big! Is this normal in your typical crypto exchange? Is it safe (like stock) if I purchase crypto through Firstrade? Thank.
[link] [comments]
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