More / Bitcoin Reddit - 1 year ago
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
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
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
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
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
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 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
As Gavin has said on multiple occasions Satoshi never spoke about himself and it was all business for him. Even when Gavin asked direct personal questions in his communications with Satoshi, Satoshi would completely ignore answering those questions...
More / Bitcoin Reddit - 1 year ago
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
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 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
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 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
We had a great discussion on Hacker News a few days ago, about the question whether it is possible to use Bitcoin in a trustless way. So that you control your Bitcoin yourself and don't have to trust any privileged party to not take it from you:
htt...
More / Bitcoin Reddit - 1 year ago
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
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
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
tldr; Finnish customs authorities have sold confiscated Bitcoin worth €46.5 million ($47.35 million) to a broker. The 1,889.1 Bitcoin was seized during narcotics busts and transferred into state control. A further 90 Bitcoin remains in the agency’s...
More / Bitcoin Reddit - 1 year ago
We have to produce more energy, like exponentially more energy. That's the problem. Every single thing humans do consumes energy. Internet was said to consume too much energy. Should we go back to the caves or learn to produce energy more efficientl...
More / Bitcoin Reddit - 1 year ago
Adding to everyone else's point by simply saying - you're placing trust in the banks to not only start constant flow now, but to do so for the foreseeable future.
The banking systems are currently performing their new circus act of "duh-guess-we-don...
More / Bitcoin Reddit - 1 year ago
“I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that...
More / Bitcoin Reddit - 1 year ago
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
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 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 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...