Saturday, 30 April 2022

Oh! Thank God it was not my Binance account.

Oh! Thank God it was not my Binance account. submitted by /u/Admirable_Eye_1717
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Lending stablecoin for my BTC as collateral

Any suggestions for Plattform where I have good rates to borrow some Stablecoins against my BTC as collateral?

submitted by /u/Makosh123
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source https://www.reddit.com/r/btc/comments/uerv0n/lending_stablecoin_for_my_btc_as_collateral/

Which country will be next to make Bitcoin legal tender?

Which country will be next to make Bitcoin legal tender? submitted by /u/EVERWILDOUTDOORS
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Calling Out the Sexism in Bitcoin as Crypto is for everyone.

It's no secret that the cryptocurrency sector is dominated by young men who are predominantly white. Although crypto's mission statement emphasizes the diversity of more forms of money, more voices, and different worldviews, there's nothing wrong with a fledgling business first targeting a certain socioeconomic group.

After all, decentralization is a procedure. Even the commodity-money bitcoin might have been classified as security if authorities had bothered to check. The hard-capped currency gained root abroad after its founder, Satoshi Nakamoto, moved away from his amassed riches.

Bro, that's sexual harassment. The content, which is replete with stereotypes, casual sexism, and a distorted sense of who is on top and who is on the bottom, comes before the title.

Outside of the context Rand0mGuest2 decides to include, I have no idea what the narrative behind the post is. His pal, who goes by a raunchy moniker that translates to "guy who sleeps around," supposedly intended to make a statement about crypto influencer Rachel "CryptoFinally" Siegel and "exposed" her as a fraud. By sharing a "perfectly timed creeper image of this thot."

There are a couple of points worth mentioning. To begin with, objectifying women is very inappropriate. Rand0 ponders Siegel's "fat ass" and claims she's in crypto to "dump stuff on naive noobs" and pick up a wealthy, caring boyfriend. Her tattoos are "trashy," He categorizes her with other "dishonest courtesans."

This is merely gratuitous discrimination, ignoring that human sexuality is nuanced, love is blind, and not everyone appreciates what you do. Besides that, many new initiatives focusing on environmental well-being, such as SET and Plastik, have gathered the attention of every gender due to their amazing work for making the environment better. This proves that the community wants to become more gender neutral.

submitted by /u/MariaLiliana467
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source https://www.reddit.com/r/btc/comments/uesbnm/calling_out_the_sexism_in_bitcoin_as_crypto_is/

Friday, 29 April 2022

Investors likely to lose almost $545 million worth Bitcoin in 2022 by forgetting passwords and various other mistakes, suggests report

According to a new estimate, bitcoin investors are projected to lose up to $545 million this year due to a variety of factors such as forgetting wallet passwords or making a mistake when recording their "seed phrases."

A seed phrase is a string of words generated by your bitcoin wallet and used to gain access to the crypto linked with it.

Analysts estimate that at least 20% of all Bitcoin has been lost, with the majority of those funds being irreversibly lost.

According to recent study from CryptoAssetRecovery.com, Bitcoin, the most valuable crypto over the likes of Ethereum, Ripple, Quint and so on will lose between $272 million and $545 million this year.

"However, this does not include Bitcoin lost as a result of frauds or theft; while such monies are lost to the original wallet holder, they are not lost to the total Bitcoin money supply." According to the article, "those funds will most certainly continue to circulate."

People also transmit crypto to a burn address or to an address on a different network mistakenly (or occasionally purposely) and lose it.

Every 10 minutes, a new Bitcoin block reward is produced, and the block reward in 2022 is 6.25 Bitcoin. In 2024, the block reward will be halved once more, to 3.125 BTC per block reward.

"Since there are 525,600 minutes in a year, and a block reward is issued every 10 minutes, 52,560 block rewards or 328,500 BTC will be issued in 2022," the report noted.

"It's evident that the vast bulk of the 3.8 million Bitcoins lost were lost early in the blockchain's history, before it had any economic worth."

Given that 2-4 percent of the 328,500 Bitcoin mined in 2022 is likely to be lost, this means that between 6,570 and 13,140 Bitcoin will be lost.

"At $41,500, this indicates that between $272 million and $545 million in Bitcoin alone is expected to be removed from the Bitcoin money supply in 2022," according to the research.

According to Coindesk data, Bitcoin's price dipped below $40,000 on Wednesday, while other major cryptocurrencies were trading in the red.

submitted by /u/AthenaMaria657
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source https://www.reddit.com/r/btc/comments/ue3cx8/investors_likely_to_lose_almost_545_million_worth/

Ryn… what’s the price on Bitcoin?

Ryn… what’s the price on Bitcoin? submitted by /u/SoverignOne
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Why do you believe in btc?

submitted by /u/ShoelessMoose
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source https://www.reddit.com/r/btc/comments/ue2h9u/why_do_you_believe_in_btc/