Just re listened to the classic that got me into bitcoin, great to look back on your roots folks.

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

Got my stimulus check and i already converted it to bitcoin

Got my stimulus check and i already converted it to bitcoin

submitted by /u/DaleWright43456
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Is anyone else amazed at the misunderstanding?

Most people I talk to throughout the day have zero clue about Bitcoin divisibility. I've even had people assume you have to trade entire Coin as payment.

It is blowing my mind at how little is actually known about it.

For example, my grandpa is invested in Bitcoin. But it's through grayscale. He was pitched it by a trusted advisor who's guided his retirement thus far; so no complaints. My grandpa had zero clue that the underlying asset has a minimal storage cost; as well as the ability to send fractions of it at the snap of a finger.

I showed him how to download Green wallet on his iPhone and sent him 50,000 Satoshi. Explained the divisibility, explained the proof of work concept that makes (essentially) every transaction older than 6 confirmations "immutable."

Him and I talked about concept of ownership for atleast an hour after that. And how he's always felt at the behest of his broker or accountant or banker as far as getting his money out when he wants.

I'm sure my grandpa will never truly be able to see the full concept of Bitcoin in fruition, but he's now equipped with the knowledge enough to pass along his private keys for actual Bitcoin he owns.

Long live the revolution.

submitted by /u/HeyMistrScaredy
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Stimulus?

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

Q&A How does the Lightning Network effect users privacy? - Andreas Antonopoulos

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

Easter Egg: Satoshi's Birthday

As a subtle jab to central banks, Satoshi chose his birthday as the date the US made gold ownership illegal through EO 6102 April 5th. He chose 1975 as his year of birth which is the year when the US citizens were allowed to own gold again.

submitted by /u/dan_held
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What would a Bitcoin economy look like in a crisis and how could it be 'fixed' during or after a crisis?

I have difficulty understanding this part. The US government is wildly printing money now, which almost always happens during economic crisis. This way stocks don't fall too low, government has more money to spend to help businesses not go bankrupt or to give money to those that need it in these difficult times or pay off loans/debts (I think that is the purpose at least, but I understand that the way this is handled in reality is very different). How would the economy look and which direction would it go if the government/banks did not have the ability to print money? There are reasons to do it apparently and if the government does not have enough reserves in a Bitcoin economy, how would it handle an economic crisis? Very curious on everyone's thoughts or ideas on this.

submitted by /u/Foppo12
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