Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash"

submitted by /u/rey4486 [link] [comments]

source https://www.reddit.com/r/btc/comments/pmyg4y/bitcoin_cash_brings_sound_money_to_the_world/

Spending Bitcoin...

I got into Bitcoin in January of 2020 and was lucky enough to be there when Bitcoin collapsed to £3,500 in March of that year. I really prospered by buying more until the price went to over the £20,000 mark then I stopped and watched my wallet get fatter and fatter. Earlier this year I decided that I was going to buy myself an old Vespa and restore it myself. I kept looking on Ebay and at the end of April I saw 2 for sale near London and the seller wanted £600 in Bitcoin. I couldn't believe it this would save me money by not going thru an exchange and it would only cost me the transaction fees from my Electrum wallet. I contacted the seller and on the agreed day I rented a van and after an uneventful journey I arrived and with no bank, no middle man nothing I copied his QR code and pressed send and watched as the Bitcoin landed in his wallet. It was a great feeling to conduct this deal as I had got these scooters for free, that was the feeling that I had. One of those scooters is now restored and MOT'd and up for sale for £750 while the other one is in the middle of a full restoration and future respray. Just thought I'd share this story to show that Bitcoin isn't a scam, it isn't a Ponzi scheme and it isn't a Pyramid scheme either. What it is though is the future of money. One day everyone will be using it for their everyday and weekly shopping trips because Bitcoin will be everywhere and everywhere there will be Bitcoin. Viva Bitcoin 🏴󠁧󠁢󠁷󠁬󠁳󠁿.

submitted by /u/skagnboneman12
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Identifying the "change" outputs in a btc transaction

Is there a way to systematically know which output(s) in a btc transaction is/are sending change back to the person that initiated the transaction?

Context: I'm using python to analyze block data and would like to be able to define the numerical "net value" of each transaction (i.e. the amount received by target addresses minus the change that was sent back to the initiator).

As far as i can tell, block explorers essentially report the "gross value" of each transaction, which is the total of all input values minus the tx fee, which gives you the same value as the total of all outputs. What i'd like to be able to do is subtract the "change" outputs from that total and arrive at the "net value" transferred.

Edit: spelling

submitted by /u/annynbyrg
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source https://www.reddit.com/r/btc/comments/pminjb/identifying_the_change_outputs_in_a_btc/

Snaps I get from the gf

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

Bitcoin adoption: Ukraine and Panama plan to follow El Salvador’s crypto footsteps

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

Why I'm not afraid to invest most of my money in Bitcoin

I believe in Bitcoin, because Bitcoin is hope for a better, more decentralized financial system and a better, fairer world. It was born out of a state of mind that desires freedom for oneself and others, which I relate to very strongly; it promises to take power away from the power-hungry structures such as governments and central banks, and empower the sovereign individual. I believe such a world is possible.

If my investment in Bitcoin turns out to be a good investment, it will mean I have lived to see such a better world, and the life-changing wealth that came from the investment will be a cherry on the cake, allowing me to enjoy living in that better world that little bit more.

Now, I understand nothing is certain and while it's very unlikely, my investment may turn out to be a failure. For all we know, Bitcoin, in a decade or two, may be worth nothing.

That would be unfortunate, you could say: I would lose the savings of my life.

Unfortunate indeed, but if that happens, the consequences of that will be much farther-reaching: it will not only be an investment failure of mine, but a failure of mankind! It will mean we, humans, had a sole opportunity to make the world a better place, and missed it; it will mean power-hunger, control, greed and indifference overpowered the desire to make the world a better place.

It will mean the world is a sad, hopeless, degenerate place, dominated by control-oriented filth, scum and trash, that Humanity was doomed to fail from the beginning and we were only deluding ourselves by believing otherwise. And in such a world of disappointment, no amount of wealth would be a consolation anyway - and certainly not the kind of wealth I would have accumulated by putting my wages in a fiat bank account.

But I think that's a very unlikely scenario. And it's not like a sports event where the outcome is independent of us; on the contrary, it depends on no one but us, bitcoiners.

A bet on Bitcoin is not only a financial bet, but also a bet on a better world. We either win both or neither.

The dream of a better world is only a dream, but by adopting Bitcoin and using it, we can make that dream a reality.

We can make it happen!

submitted by /u/BuscadorDaVerdade
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Bitcoin in El Salvador - Congratulations from Iceland

Bitcoin en El Salvador - Felicitaciones desde Islandia

https://youtu.be/QYLDcjn_6QA

​

Dear people of El Salvador.

We, Icelandic Bitcoin enthusiasts, are excited about the imminent Bitcoin revolution in your country.

The people of Iceland are all too familiar with the consequences of inflation and unsound money. Our inflation rate reached 70% in 1983. Three of our largest banks went bankrupt in 2008. Unsound money enables those who control or stand closest to newly printed money to profit tremendously at the public’s expense. This caused the 2008 financial crisis.

Shortly after the crisis Bitcoin was launched. The first bitcoin block included a message about the 2008 financial crisis. The one to create the message hinted at the solution we have been waiting for and Bitcoin offers: Sound and decentralized money for all, out of reach from corrupt monetary policies.

Our nations may be small but are leaders in using geothermal energy. We can also be leaders of bitcoin adoption. El Salvador is now holding the pen and writing history. We encourage you, dear citizen of El Salvador, to grasp this opportunity you are presented with. Your actions will be exemplary for the entire world and a giant leap for mankind towards freedom.

With best wishes for the success of El Salvador!

​

Saludos y bendiciones a todos uds. Ciudadanos Residentes de El Salvador.

Nosotros, los Islandeses entusiastas de Bitcoin, estamos interesados de seguir la revolución de Bitcoin que está comenzando en su país. Los islandeses somos muy conscientes de los efectos de la inflación y de la depreciación de dinero. Queremos destacar que : Islandia en el año1983, alcanzó una inflación de más del 70% , luego en el año 2008, 3 de nuestros Bancos más grandes se declararon en quiebra.

La depreciación de la moneda hizo posible que aquellos que controlaban o estaban cerca de la impresión de dinero ,obtuviesen ganancias a expensas del público. Esto provocó el colapso de 2008. Poco después nació Bitcoin. La primera entrada de Bitcoin contiene un mensaje que nos recuerda el colapso económico de 2008.

La persona que dejó el mensaje quería enfatizar que Bitcoin es la solución que hemos estado esperando: dinero confiable y sin fondos que protege a la gente común de la política monetaria corrupta.

Nuestras naciones pueden ser pequeñas, pero son líderes en el uso de la energía geotérmica. También podemos ser líderes en la adopción del bitcoin.

El Salvador está ahora escribiendo un nuevo capítulo en la historia de la humanidad y los alentamos, queridos residente de El Salvador, a que aprovechen la oportunidad que se les presenta. Sus acciones sentarán un precedente para todo el mundo y ayudarán a la humanidad a dar un gran paso hacia la libertad.

¡Con los mejores deseos para el éxito de El Salvador!

submitted by /u/IcelandHotSpots
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