Bitcoin Reddit

More / Bitcoin Reddit - 2 years ago

Bitcoin Capital Gains vs Spending

If one buys Bitcoin at $30,000 USD per coin, but sells that coin on an exchange someday for $500,000 per coin, that person would have to pay capital gains on the increase. However, if you could purchase stuff with the Bitcoin later on, their purchasi...

More / Bitcoin Reddit - 2 years ago

Fractional Reserve Bitcoin?

Apologies if this question is redundant, ridiculous, or an unnecessary worry. How likely do you think there’s a future where banking institutions (Chase, BoA, etc) offer paper bitcoin to their customers, and most people not understanding the importan...

More / Bitcoin Reddit - 2 years ago

How to live off of BTC?

If I build enough wealth by growing my BTC position over the years, is there a way one could live off of it without having to sell it? For instance, if I owned a lot of real estate, I could live off of it and retire thanks to the rental money. No nee...

More / Bitcoin Reddit - 2 years ago

Backup of multisig wallet onto steel

At BTC Prague back in June I discovered what I believe is the best (only?) way to back up a bitcoin multisig wallet. It is a backup solution called "SeedHammer": https://seedhammer.com/I talked to one of the founders. These guys have though...

More / Bitcoin Reddit - 2 years ago

Bad money decimates society feat. Sebastian Bunney

This is episode 13 of Bitcoin Versus the Banks. Seb and I discuss: -The relationship between money, debt and inflation -The social, political and economic effects of inflation -Whether inflation is a necessary evil -And much more! https://youtu.be/D6...

More / Bitcoin Reddit - 2 years ago

How would you do?

Imagine that you a have BTC on a wallet and you are not sure if your back up has been compromised so you want to transfer the funds. How much per transation would you sent from your previous wallet to the new one? I was thinking about 1/10 of the val...

More / Bitcoin Reddit - 2 years ago

Withdrawing funds into bank account

Hey all. I have some bitcoin that I want to sell and withdraw to my bank account. Is there any problem with withdrawing in chunks ? Like if I have 50K worth if USD , is there any issue with doing 10K , then 20K and 20K transactions to bank account ?...

More / Bitcoin Reddit - 2 years ago

How do I find out who my bitcoin wallet provider is

I recently purchased £115 worth of bitcoin through the service ‘MoonPay’ and I have been sent the bitcoin to my wallet address but I at no point was given a 12 word secret key or was told who my wallet provider is. This now means that this bitcoin is...

More / Bitcoin Reddit - 2 years ago

Daily Discussion, August 09, 2023

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank yo...