Only 0.2% of Population can Own 1 Bitcoin

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

Global BTC news

Can anyone recommend good sources of global news around bitcoin?

I just had a post removed which showed that the BTCJPY price is driving the market (check the 200week/100week ma on the BTCJPY pair). The other pairs (EUR/GBP/USD) are not so tight, but I have no idea how to look at dates of events, key upcoming dates, government documents, etc.

BTC is amazing as a global state indicator. I would like to understand the news sources people use outside the US.

any advice would be great.

submitted by /u/anax4096
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Just passing the word!

New pairs for my fellow farmers

https://twitter.com/mistswapdex/status/1548305697590300677

submitted by /u/Joe_Omg
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source https://www.reddit.com/r/btc/comments/w1iglj/just_passing_the_word/

What is happening....?

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

source https://www.reddit.com/r/btc/comments/w1feo4/what_is_happening/

HelpMe

submitted by /u/SnakeDoc25 [link] [comments]

source https://www.reddit.com/r/btc/comments/w1f5on/helpme/

Now With this, You should read the T&C of every crypto project before diving in

Taking a cue from what is currently happening with Celsius, it has become imperative that you go through the terms and conditions of any project or platform you wish to get involved in. I guess the spike in the NFT industry which has led to the rise of marketplaces such as Gamestop and Solis NFT marketplace, makes this even more paramount.

I have however observed that many don't read through the tiny lines of a project's terms and conditions. If they really do, why would anyone still choose to put funds into Celsius? Knowing that a part of its T&C states that:

"In the event that Celsius becomes bankrupt, enters liquidation or is otherwise unable to repay its obligations, any Eligible Digital Assets used in the Earn Service or as collateral under the Borrow Service may not be recoverable.” I guess this legally exonerates Celsius from repaying any of its creditors… since they agreed to the T&C

submitted by /u/Slanlcker
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source https://www.reddit.com/r/btc/comments/w1fzl9/now_with_this_you_should_read_the_tc_of_every/

Please understand what "1 btc = 1 btc" really means

Often a bitcoiner will say "1 btc = 1 btc" and then someone, thinking they are clever, will respond with "well 1 usd = 1 usd" - so I'd like to explain the flaw in this response, and I'll use a simple example to do so.

Let's take some constant, like "1 meter." The "meter" is defined as the length of the path travelled by light in a vacuum during a time interval of 1/299,792,458 of a second.

Since the speed of light does not change, the length light travels in that time in a vacuum does not change. Therefore, the meter is an unchanging and permanently fixed constant backed by physics and mathematics, i.e. "1 meter = 1 meter."

If the speed of light were somehow centrally planned and constantly changing (read: inflating), then 1 meter would not be a reliable and we could not measure length effectively. Buildings could not be built and no one would be able to communicate distance. You can substitute the meter with any other mathematical constant to illustrate the same concept.

Similarly, a "bitcoin" can be defined as a single token out of 21 million. Since the cap cannot change, a bitcoin is also a permanently fixed constant backed by physics and cryptography, i.e. "1 btc = 1 btc."

The same cannot be said of the dollar, as it is one unit out of a forever increasing total, centrally planned supply. This is similar to the speed of light always changing, messing with the "meter" definition and our ability to measure. The changing inconsistency of the dollar leads to distortion in "measurements" (read: prices) that is destructive to society - which bitcoin remedies.

It is the first constant in the field of economics. The importance of this can hardly be overstated.

tl;dr: The "1 btc = 1 btc" does NOT mean how much a btc is valued in fiat, nor does it indicate how much a bitcoin can buy, nor is it a tongue-in-cheek tautology. It's a phrase indicating the fixed, mathematical, physically-tethered nature of bitcoin.

submitted by /u/whatusernaym
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