BCH Cheat-Sheet refers to BCH as just Bitcoin without confusion as no one uses BTC as cash

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source https://www.reddit.com/r/btc/comments/grv7vw/bch_cheatsheet_refers_to_bch_as_just_bitcoin/

PODCAST Signal, Watch, and Pay Protocol (SWaP) for Bitcoin Cash Grows Censorship-Resistance

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

source https://www.reddit.com/r/btc/comments/grvwal/podcast_signal_watch_and_pay_protocol_swap_for/

Bitcoin CoinSwap Implementation EXPLAINED | This Will Massively Improve Bitcoin Privacy and Fungibility

submitted by /u/YourBabyWhale69 [link] [comments]

Here's just an overly-simplified BTC comparison (not by any means an accurate prediction)

Would like to preface this with: I did this for absolutely no reason other than personal enjoyment out of the numbers & comparisons to things such as the DotCom period & FB. This is by no means a price prediction of mine. Just pure fun with numbers and time. With that said, enjoy.

World Population (W.P henceforth) = 7.8B people
59% of W.P is online (using internet) = 4.6B people
1% of W.P = 78M people
.33% of W.P Use BTC (semi-actively) = 25M people

Price currently @ $9,000 for .33%

BTC Price @ $27,000 for 1% W.P users of BTC
($9K price at .33% * 3 - NOTE: this is 75-78M people using BTC)

If 1/4th of the people who use the internet, used BTC, price estimate becomes: $405,000 per coin(based on the W.P percentage & price, multiplied by the above factors again).

BTC Price @ $405,000 for 25% of internet users using BTC (which totals 1.15B people).

Facebook currently has 2.6B active monthly users (as of first quarter 2020).
25% of internet users using BTC is less than half of Facebook's active monthly user count.

Recap: the $405k price point is based on 14.75% of the W.P semi-actively using bitcoin.
That is 1/4th of the amount of current people using the internet, which sits at 59% of world population.

From current price to projected price would be a +4,500% increase

BTC historically has seen the following:

Last 5 years - +3,757% increase
Last 9 Years - +141,911% increase

It took 10 Years from 0.4% of W.P to 15% to adopt internet.
Tech now moves at a much faster pace, the following is also true:
It then took only 6 Years from 15% of W.P to 30% to adopt internet.

Infrastructure is now already in place for BTC to operate in - unlike when the internet was established.

Now just for fun: What if 100% of W.P online used BTC?
(Considering zero growth in this number over whatever time period this occupies)

= $1,620,000 per BTC(based on the same metrics outlined above)

submitted by /u/iamlation
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Hodling Bitcoin is like purchasing domains

Simply put, buying and holding bitcoins is like buying domain names in the early 1990s or registering Twitter handles in 2006.

If you got any of the three character domains in the 90s and held onto them you would have the option to sell them for 7 figures today. Likewise if you registered on Twitter as ATT or IBM or some other relevant brand you could sell that account today for a similar amount.

Where Bitcoin beats these, however, is insofar as these accounts are more or less valuable depending on existing organizations, while all satoshis are equal in value.

We are in a land rush, and dollar cost averaging is the best way to stake your claim. This is just one more reason to stack those sats.

submitted by /u/DrDankMemesPhD
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Bitcoin, the Kaiju of Currencies!

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

A Noobs Guide to Buying Bitcoin

OK Gabriel, you convinced me. My money isn't my money. Governments are taking advantage of their citizens. I want to dip my toes into the financial revolution, but I’m not sure how. Can you help me buy some Bitcoin?

I am happy to hear that you are ready to take the plunge!

There are many platforms that allow you to buy and sell Bitcoin, but the best one for new users is Cash App. Cash App is a product developed by Square, that allows you to efficiently transfer money to other users on their platform.

Reasons I like Cash App:

1. Transparent fees
2. Simple interface
3. The ability to move Bitcoin into an external wallet

Transparent Fees

Cash App has a flat fee of 1.7%, which is relatively low compared to other platforms. Some platforms, like Crypto.com, offer a 0% fee on purchasing Bitcoin, which make it seem cheaper, but will charge more for the asset itself. The Crypto.com fee structure is more suited for large purchases while Cash Apps structure is suited for small consistent purchases.

Simple interface

Cash App offers a clean and simple interface for processing transactions. Other platforms, like Binance.com, may have more features but this can overwhelm new customers.

Cash App also allows you to buy Bitcoin on a set basis (i.e, $10 every day or $500 a month). Buying small amounts of Bitcoin frequently is a good way to build your bitcoin portfolio with less risk. This is called Dollar Cost Averaging.

External wallet

There is a famous saying in the Bitcoin community:

“Not your keys, not your Bitcoin”

When you buy Bitcoin through an exchange like Cash App, they are in possession of your Bitcoin until you transfer it to a wallet. If you leave it in their position, your Bitcoin is at risk of being lost or stolen.

To secure you possessions, you need a wallet which is like your bank account.

I found Atomic Wallet to be a good option, however as you get more comfortable I recommend branching out. It takes only a few minutes to create a wallet. Just download the app and follow the step. Make sure to write down the 12 word pass code that they provide you with. This can be used in case of emergency to restore your wallet.

When you open the app you will see a list of many different cryptocurrencies that can be stored in your wallet. For the moment, scroll down until you find BTC aka Bitcoin. Click on it and you will have an option to send or receive. When you click receive you will be presented with a QR code and your Bitcoin address. This is your account number. Copy and paste this info into Cash App and in about 30 mins your balance will be reflected in you wallet.

Congrats! You are now the proud owner of your first Bitcoin and part of the finance revolution.

Bitcoin and the cryptocurrency world can be overwhelming for new users. When you’re just getting started, it is important to keep things simple. There is so much information out there, tons of platforms, and a lot to learn. I hope this article helps you as you begin on your Bitcoin journey.

submitted by /u/ggabriel8
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