Bitcoin Reddit

More / Bitcoin Reddit - 1 year ago

Signs you should get off crypto lending platforms

Figured I share a couple of observations regarding current state of crypto lenders: Bear market: CeFi wasn't built for crypto winter Near competitor liquidation/insolvency: this is the contagion effect. We have seen this w/ Celsius, 3AC, Bancor,...

More / Bitcoin Reddit - 1 year ago

Bitcoin tries to maintain 10 minutes between each block. This gives everyone in the world enough time to update their ledgers. Consistency is difficult when millions of machines are turned on and off every day. And yet, bitcoin is still becoming more reli

Yes, about 900 blocks are produced every day. We can check the mining pool situated in the block explorer, and we can also follow these in f2pool. However, when the price fluctuates greatly, it does happen that there are no blocks for a long time. T...

More / Bitcoin Reddit - 1 year ago

Bitcoin tries to maintain 10 minutes between each block. This gives everyone in the world enough time to update their ledgers. Consistency is difficult when millions of machines are turned on and off every day. And yet, bitcoin is still becoming more reli

Yes, about 900 blocks are produced every day. We can check the mining pool situated in the block explorer, and we can also follow these in f2pool. However, when the price fluctuates greatly, it does happen that there are no blocks for a long time. T...

More / Bitcoin Reddit - 1 year ago

Bitcoin tries to maintain 10 minutes between each block. This gives everyone in the world enough time to update their ledgers. Consistency is difficult when millions of machines are turned on and off every day. And yet, bitcoin is still becoming more reli

Sure a lot of people stepped out once the difficulty went up, their PCs where getting too hot and they weren't getting any Bitcoin. More difficulty with lower hashrate means more time to mine a block, and the difficulty adjusts itself every few bloc...

More / Bitcoin Reddit - 1 year ago

Bitcoin tries to maintain 10 minutes between each block. This gives everyone in the world enough time to update their ledgers. Consistency is difficult when millions of machines are turned on and off every day. And yet, bitcoin is still becoming more reli

Sure a lot of people stepped out once the difficulty went up, their PCs where getting too hot and they weren't getting any Bitcoin. More difficulty with lower hashrate means more time to mine a block, and the difficulty adjusts itself every few bloc...

More / Bitcoin Reddit - 1 year ago

Bitcoin tries to maintain 10 minutes between each block. This gives everyone in the world enough time to update their ledgers. Consistency is difficult when millions of machines are turned on and off every day. And yet, bitcoin is still becoming more reli

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, compa...

More / Bitcoin Reddit - 1 year ago

Bitcoin in Argentina

I have a work colleague who is trying to financially support her family in Argentina. I want to open her the possibilities of Bitcoin to do so (not only to store the wealth without risk of debasement, but also saving some fat % points in wire fees)....

More / Bitcoin Reddit - 1 year ago

Bitcoin is the new global focal point for value, economic integrity and immutable truth. Network participants are collectively changing global finance through individual action encouraged by proper incentives. Respect to everyone involved.

Bitcoin isn’t conspiring to commit genocide. I’m certain of that. Bitcoin is neutral money that can’t be censored, debased or confiscated (if used properly). The robot central bank in the sky that is open to all, always on, and can’t be changed or c...

More / Bitcoin Reddit - 1 year ago

It's Time To Meme Back Bitcoin

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, compa...

More / Bitcoin Reddit - 1 year ago

How was Bitcoin's difficulty initialized?

If it adjusts every couple of weeks to keep blocks mined every 10 minutes, how was it initially calibrated to achieve that? Does anyone know? Did satoshi do the math on how fast his computer would mine and then hardcode the corresponding starting di...

More / Bitcoin Reddit - 1 year ago

Lettuce hands!

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, compa...

More / Bitcoin Reddit - 1 year ago

The media and no-coiners still believe Bitcoin can only do a maximum of 7 transactions per second. I wonder what happens when they realize the orange coin is more powerful and cheaper than Mastercard and Visa combined.

To be fair, credit card do things ya orange coin wish it could too. When you buy something online and it never gets delivered to you, it's trivial to initiate a credit-card chargeback. By contrast, if you'd paid in bitcoin, you'll never see that mon...

More / Bitcoin Reddit - 1 year ago

Breaking: Ukraine devalues its currency by 25%

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, compa...

More / Bitcoin Reddit - 1 year ago

Yes...B is for Bitcoin

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, compa...