I run a booth at the farmers market. If I want to accept BTC as payment, do I need a LN node to speed up tx times and reduce fees? I would like the tx's to be nearly instant, under ten seconds, but with minimal technical knowledge required for the sender. Any tips appreciated. The stuff I sell is also as low as $4, so reducing tx fees as much as possible is huge.
Is there anything like 0-confs still?
Hi guys, lately watched a few videos on the history of bitcoin. I started to wonder some questions..
First off, im a big believer in bitcoin to replace traditional banking. To stop inflation and too powerful banks.
I always thought that when people (miners) wanted a hard fork with the doubled blocksize because of the increased mining rewards. But that the full nodes refused to update because the higher blockchain size. But then there is the whole Blocksteam story that core devs had other intrest because they also work at Blocksteam. if thats true, Isn't that a threat to decentralization? Or how much power do the core devs hold?
(if im confused i go to reddit sorry that why i have reddit lol)
I look forward to hearing your opinion about it
How is bitcoin defacto limited while one could just launch the exact same construct with the exact same properties, just with the name Bitcoin #2? I only see a mathematical limitation within its construct. For the use case however, the supply of similar constructs is infinite. The price for one certain coin should head to zero, at least long-term.
For obvious reasons. Some people are losing their shit because they are in an extremely hard place; others seem to be relishing the situation.
I get that for a lot of people who went in hard in more recent times, who maybe thought this would be a straight road “to the moon”, that right now might be a moment of extreme anxiety. And I also get that for every reasonably sensible, interested and careful investor there are a hundred “bros” that annoy the fuck out of people, and folks like to see that type of person get their comeuppance.
But I don’t see any difference between what’s happening in the crypto markets to any of the rest of the financial sector right now: it’s all fucked. As an edge case, crypto is much more volatile, and for that reason we’re seeing the kinds of corrections going on right now. But it’s not going to just go to 0. There’s a huge, huge, huge amount of investment that has gone into crypto. Entrepreneur’s have gone in deep. Crypto is being used to pay for goods and services by ordinary people in lots of places across the world. Whole governments have gone into crypto. If we were to put it in terms of a clock, I think we’re still in the first few minutes of day 1 of cryptocurrency.
Whether it ends up being bitcoin by midday, or some other currency, I just don’t see it going away. Like any new technology, there will be bubbles and bursts, but an important thing to consider is that the internet is still here. Transformative technologies take time to become truly embedded and adopted - especially if there’s not an immediately apparent need for them on a large scale.
The “internet” was invented in 1969. I think we can all take a moment to relax, remind ourselves of the actual utility of cryptocurrency as a technology, and move forward with a bit less anxiety and manic energy. As early adopters, we could, potentially, stand to gain a decent return on our investments, but getting into constant a back and forth of buy/sell/is it dead/haha it’s dead does nobody any good.
Like any technology, bitcoin is only as valuable as it is useful. Remember the value of this coin beyond just the fiat value and I think (I hope) you’ll be able to feel a little calmer.
I feel like this sub has of late become less about learning about the technology than become a kind of tech /wsb
It’s not about “ride the wave” or going “to the moon”. It’s about doing your due diligence, understanding what you are investing in, not investing any more than you can afford to lose, asking questions, learning more, and remembering above all else that this is a technology that has a really profoundly positive potential - but like any technology, it’s about how we use, talk, and think about it.
Peace, everyone x
DCA into bitcoin on regular basis (e. g. $25 per week or anything you can afford, regardless of the current price).
Don't put in more than you can afford to lose.
Stay far away from altcoins, you'll lose money.
Don't try to time the market by trading bitcoin, you'll lose money.
Get familiar with using a hardware wallet like Coldcard, Trezor, Bitbox2 or Keystone.
Never store you funds on exchanges, but move them to the said hardware wallet.
Get familiar with the passphrase ("25th word") feature and setup it up once you got how it works.
Accumulate and hodl for at least 5 years, 10 years still better.
Learn about bitcoin as much as you can, starting at Jameson Lopp's great website about Bitcoin.
Don't tell anyone about the amount you hodl.
Always stick to the virtues that bitcoin teaches, namely modesty and patience.
Enjoy the rollercoaster.
Hedge Funds are in real trouble with the market turning down as we head into what is clearly a huge recession. They are selling off all future bets to stay afloat. Thats where we're seeing all this sell pressure. Nothing has changed about the technology. In fact, it's gotten better over the years and the network effect has only gotten stronger. More wallets, more transactions, more users than ever before. Bitcoin is cheaper better faster stronger money. Do what you need to do during these rough times ahead but I don't have a shadow of a doubt that Bitcoin is the future.
