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What's the point of Bitcoin Reddit

What's the point of Bitcoin? : Bitcoin - reddi

  1. What's the point of Bitcoin? Close. 0. Posted by u/[deleted] 4 months ago. What's the point of Bitcoin? Couldn't a handful of wealthy people like buy all of it. 33 comments. share. save. hide. report. 36% Upvoted.
  2. There's no point to diWORSEify because every alt is moving the way Bitcoin does. Some people are trying to outsmart the rest, trading Shitcoins where they indirectly short Bitcoin with their shitcoin buy. This creates a pressure on Bitcoin price and if there's too much pressure, Bitcoin price will drop down, taking the whole crypto circus with.
  3. ance, which has dropped 10.7% since the beginning of this month. However, the market is still expecting Bitcoin to see another pullback to $30k, and if it is breached, $27k could be touched but briefly

What Is Even The Point of Bitcoin anymore? : Bitcoi

Yes, the technology behind it. Bitcoin is built on the blockchain, a public ledger containing all the transaction data from anyone who uses bitcoin. Transactions are added to blocks or the links.. Bitcoin's use is anonymous: In theory, perhaps, but not in reality. The blockchain is public and can be mapped, and regulated exchanges demand ID verification as an anti-money-laundering measure, which is good, because money-laundering and tax-dodging are bad As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed. Bitcoin's.. Bitcoin is a form of digital money. This means it doesn't have a physical form. Instead, units of digital currency are traded over a computer network that has some unique properties: It does not.. Bitcoin is a form of cryptocurrency that exists entirely in the digital realm. Bitcoin's balances are kept on a peer-to-peer ledger everyone has transparent access to. That public digital record of transactions is commonly referred to as a blockchain. Bitcoin is one of the most popular cryptocurrencies that use blockchain

Because as many of bitcoin's detractors point out there are serious issues here. There's political risk of government crackdowns which may be more effective than in the past. There are centralized points of failure within the current market, such as Tether's liquidity and lack of transparency, liquidity pools on Lightning Network and Ethereum's architectural issues which still lurk in the distance Some things you need to know about Bitcoin. A part of Antonop's ingenious speech and few tips and hints should make it all clearer.Tutorial For Buying Crypto..

Video: what's the point of bitcoin if segwit2x takes over? - reddi

Bitcoin - The Currency of the Internet - reddi

Bitcoin has no corresponding physical element, like coins or paper bills (despite the popular image of an actual coin, above, to illustrate it). The value and verification of individual Bitcoins are provided by a global peer-to-peer network. Bitcoins are blocks of ultra-secure data that are treated like money. Moving this data from one person or place to another and verifying the transaction, i.e. spending the money, requires computing power. Users called miners allow their computers. Whether bitcoin could sustain the low latency and low fees of the early days was beside the point. Surely centralized systems — which don't require computers distributed across the globe to reach consensus on the state of a ledger — should allow real-time, low-cost payments in the 21 st century. And perhaps bitcoin helped push that toward. (R) - A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker's purchase of bitcoin said on Tuesday that his assertions were not true Remember, just a few days ago, Bitcoin (CCC: BTC) hit an all-time high above $58,000. In the S-1, key points of interest include $3.4 billion in revenue since the inception of Coinbase through. While at one point in history, Ayre-owned businesses represent a significant amount of hash on bitcoin, BSV is mined in large part by competing miners from Binance, F2Pool, OKEX and ViaBTC—none of which are friends to BSV or Ayre by any means. These miners do, however, point to the open and permissionless nature of BSV to allow anyone to participate

After weeks upon weeks of rumors, on Thursday, Reddit confirmed that it is dabbling in Ethereum technology for a new feature called Community Points. These tokens are purportedly first being rolled out for r/CryptoCurrency and r/FortniteBR — two prominent forums that purportedly have 20 million monthly visitors between them If you've read this far, or you just skipped to the end I'll repeat the main points: Unless you have a lot of resources, buying bitcoin or crypto directly is still the best way to get the most value from your purchase. I'll shortly add sections on DeFi and NFTs but for 99% of people, buying 50% Bitcoin and 50% Ethereum will cover most bases

What's the point of BTC ATMs?? : Bitcoin - reddit

Like in real life, your wallet must be secured. Bitcoin makes it possible to transfer value anywhere in a very easy way and it allows you to be in control of your money. Such great features also come with great security concerns. At the same time, Bitcoin can provide very high levels of security if used correctly. Always remember that it is your responsibility to adopt good practices in order to protect your money Bitcoin is a safe network as users are in control of their transactions. It is not possible for traders to charge the consumer extra fees and have it go unnoticed. Any extra fees need to be. Reddit controls all karma, while the community points are ERC-20 tokens and therefore exist outside of Reddit's control. Points can also be used to buy Special Memberships granting the. What is the point of Bitcoin mining? This is something we're asked everyday! There are many aspects and functions of Bitcoin mining and we'll go over them here. They are: Issuance of new bitcoins; Confirming transactions; Security; Mining Is Used to Issue new Bitcoins. Traditional currencies--like the dollar or euro--are issued by central banks. The central bank can issue new units of money ay anytime based on what they think will improve the economy

The debate on mass adoption of Bitcoin becoming a reality is scoring Bitcoin a lot of points already. Even though many CEOs and founders of these traditional companies have stated repeatedly that they're simply not interested in Bitcoin because the asset presents no inherent value to them, it is imminent that demand is rising meteorically and Bitcoin users are dominating every existing Industry Microsoft Points, Nintendo Points, Facebook Credits and Amazon Coin: Bitcoin, Ethereum, Ripple, Litecoin : Cryptocurrency Explained. The decentralized nature of cryptocurrencies prevent governments and central banks from regulating them. This is different than fiat money, which is declared by the government to hold value. As of this writing, there are more than 1,600 kinds of cryptocurrencies. This is the story of a Bitcoin trade — the most financially impactful trade I've ever made in my life. It's also the story of the deep-yet-frantic investigation of the crypto ecosystem that led me to make that trade. And it's the story of what's really going on in crypto — and what we should do about it Bitcoin's price increase also implies an increase in miner's transaction fees. While this might be considered a piece of good news for bitcoin miners, there is no assurance that the cost of the mining process will remain high in the years to come. No one can tell the future of bitcoin's technology and how it will work in the years to come. If the mining process further develops and. Bitcoin is the first and biggest cryptocurrency. It saw the light in January 2009. Since then, a limited number of Bitcoins has been produced in order to keep the currency rare and valuable

What the fuck is the point of decentralization if I have

Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi. Today's episode of Decoder is about a very big idea: bitcoin. The Verge has been covering bitcoin since we launched in 2011. And since then I've heard many loud, powerful voices talking about. Bitcoin Evolution: 2009. In 2009, the father(s) of bitcoin, Satoshi Nakamoto released a white paper explaining how the blockchain technology that they had developed could provide the structure to create a fully decentralized currency. Little is known about Nakamoto. Some believe that it is one man or woman, others are sure that it is a group of people Bitcoin Near All-Time Highs vs. Search Interest. Just about every financial asset saw a huge drop in March, but few have had the spectacular recovery that bitcoin has had since then. Up more than 300% from the March lows, bitcoin is within $1,000 of its all-time high ($19,891) established three years ago. While 2017's run-up saw a huge surge.

Bitcoin doesn't rely on a central bank to keep records, it's the miners themselves that keep the records, and they get to keep a share of the transaction fees as well. Taxes on Bitcoin Mining Profits. Of course, while profiting on Bitcoin mining isn't certain, paying taxes on your mining rewards is. Every miner needs to know the relevant tax laws for Bitcoin mining in his area, which is. On Saturday, December 15, Jameson Lopp posted a lengthy post on Medium, which argued that no one controls Bitcoin. The direction Lopp took in explaining what many consider the presence of control was by explaining the overall operations of Bitcoin Core along with the Bitcoin Protocol. Bitcoin Core As A Focal Point Lopp first started [ 'Tesla insider' leaked huge bitcoin investment on Reddit over a month ago but was laughed at There's also the environment, which cryptocurrency technology is currently at odds with

According to the post, community points are controlled by the user where users retain full control, meaning moderators nor Reddit itself can take points away or decide how they should be spent Bitcoin Reddit Group Hits 2.2 Million Subscribers Following WallStreetBets' GameStop Stock Push. By Vincent Figueras 02/01/21 AT 7:51 AM. KEY POINTS. The Bitcoin subreddit has been very welcoming. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be.

[ Bitcoin ] (NOOB QUESTION) If bitcoin drops - reddit

What's the Point of No Return for Bitcoin Price

This step will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer. During the download, Bitcoin Core will use a significant part of your connection bandwidth. You can stop Bitcoin Core at any time by closing it; it will resume from the point where it stopped the next time you start it On January 5, Bitcoin.com's Executive Chairman Roger Ver introduced a bitcoin cash point-of-sale (PoS) merchant solution created by the startup Eletropay.The crypto PoS device manufacturer aims. The Bitcoin.com Wallet allows you to safely store and spend your Bitcoin and Bitcoin Cash, along with other crypto assets. Text me the app. Already have a wallet? Buy Bitcoin instantly. Buy both Bitcoin Cash (BCH) and Bitcoin (BTC) now using a credit or debit card. I want to buy. Bitcoin. BTC. I want to spend. Select... For this much. BTC. Buy BTC. Markets View all markets . More Bitcoin.

I agree with most of the points raised by the author but as a Venezuelan Bitcoin is a godsend. If you live abroad and want to send remittances to your friends and family it can be pretty easy in a normal country , with wire transfers,western union and so on. If your family lives in Venezuela your options are extremely more limited The Twitter accounts of major companies and individuals were compromised in one of the most widespread and confounding hacks the platform has ever seen, all in service of promoting a bitcoin scam. Source: Reddit. Following widespread speculation that the popular discussion forum Reddit is about to launch a new points system built on top of the Ethereum (ETH) blockchain, the forum itself has now finally confirmed a new system that allows users to earn a piece of their favorite communities, with the help of Ethereum. And it offers complete control, like Bitcoin Business Bitcoin soars past $20,000: What the rally means for investors. The cryptocurrency has been on a tear this year, growing by almost four times since March lows The biggest US virtual currency exchange will be listed, following record Bitcoin highs. The listing marks a turning point for cryptocurrency, once considered an obscure investment prospect

What’s the Point of No Return for Bitcoin Price?

Even the ampersand (&) was suggested at one point. One idea that did gain traction was to add a T to the BC; to this day, Bitcoin's three-letter currency code is BTC. February 2010: Big B makes its debut. Eager to please, Satoshi updated his logo design in February 2010. Riffing on the Thai baht concept, the revised logo depicts the now-famous B with two vertical. So what's happening now, in the digital age, is that we can quantify value in lots of different ways and do it more easily, and sometimes the way that we quantify those values, it makes it much easier to create new forms and valid forms of currency. In that context, you can see that networks like Bitcoin suddenly start to make a bit more sense What is Bitcoin and how does it work? Definition: Bitcoin is a cryptocurrency, a form of electronic money. It is a decentralized digital currency without is independent of banks and can be sent from user to user on the peer-to-peer bitcoin blockchain network without the need for intermediaries. Updated April 2019 If you want to know what is Bitcoin, how you can get it, and how it can help you. Reddit's Community Points program is built on top of Ethereum. The program rewards Reddit users with points for popular posts or comments. This project was Reddit's first attempt to utilize blockchain technology on its platform. Reddit's newly instituted crypto team will allocate a portion of its manpower and resources to helping the Ethereum Foundation with the famous Ethereum scaling. New Bitcoin Cash (BCH) Coinbase Rule - Only 0.122% for Bullish Gains and Security. The Best Ways To Cash Out Bitcoin In 2020; With only a few taps, a user can cash out Bitcoin or any other digital currency and get fiat money credited to a card's balance in minutes. Hayden Otto - 15 May 2020. Dogebank.ltd — DOGE Doubler. Bitcoin utilises blockchain technology, its founder Satoshi.

How To Get Bitcoin Anonymously Reddit | How To Earn Money

I bought $250 in bitcoin

Bitcoin's technology is trusted due to its ability to prevent counterfeits and hacking. The currency's database has not been pierced once since it went live in January 2009 Is Bitcoin Still a Good Investment, Even Above $50,000? No one knows, and frankly, no one will ever know at any price point. Anyone who tells you know if now is a good price to buy in at is likely scamming you. Bitcoin is still considered by most to be a risky investment and you should never invest more than you can afford to lose. That being said, highly volatile assets do tend to have greater potential for return (matched by its potential for incredible loss). You should always. The debate on mass adoption of Bitcoin becoming a reality is scoring Bitcoin a lot of points already. Even though many CEOs and founders of these traditional companies have stated repeatedly that they're simply not interested in Bitcoin because the asset presents no inherent value to them, it is imminent that demand is rising meteorically and Bitcoin users are dominating every existing Industry

What's the point of Bitcoin again? - Gigao

Infographic: Visualizing the Journey to $10,000 Bitcoin

Bitcoin tends to have less volatility than altcoins do. This means that the amount of profit you can make is less, but it will likely be more reliable. Compared to BTC, altcoins can have highly unpredictable volatility, so if you get in over your head, then it's possible that you might never make back your profit Bitcoin is mined using computing rigs which include expensive hardware. Miners are rewarded with bitcoin for verifying blocks of transactions to the blockchain network Bitcoin usually has a cool-off phase after its mega bull runs and that is when the altcoins take over and have a field day with the bulls, often doubling or tripling their price within days. With the pandemic breakout, the world was sent into hybernation for couple of mNANOhs and it reflected negatively on the cryptocurrencies, sending bitcoin downhill as we witnessed even 40% daily losses The cryptocurrency profitability information displayed is based on a statistical calculation using the hash rate values entered and does not account for difficulty and exchange rate fluctuations, stale/reject/orphan rates, a pool's efficiency, and pool fees. Your individual profitability may vary. Sort By

Reddit No Longer Cares About The Price Of Bitcoin And That

Check the Cryptocurrency sub-reddit: https://www.reddit.com/r/CryptoCurrency/ to find general discussions on altcoins as well as Bitcoin itself. You will find a lot of opinions on Reddit so I class this more as medium risk, always do your own research and if you discover a coin on Reddit, look for it on Bitcointalk.org and look for the coins official sub-reddit for more refined information Instead, investors should look past the tweets and Reddit posts and get back to fundamentals. Yes, even bitcoin has fundamentals. There are two stories you can tell about Mr. Musk's promotion of.

It is a fully functional POS cryptocurrency operating since 2014 based on Bitcoin's core code. Some of the USPs of this currency are faster transactions (30 seconds), optional privacy with dual blockchains, and a POS staking rewards system that allows you to earn while you are sleeping In my opinion, bitcoin a colossal pump-and-dump scheme, the likes of which the world has never seen. In a pump-and-dump game, promoters pump up the price of a security creating a speculative.

Bitcoin became a convertible and universally accepted payment method. The reason of that is the fact that Bitcoin investments provide very high income being one of the most efficient investments on the market. We have a long list of companies and corporations that put their money in this currency. But since you are already here we bet you know how profitable the Bitcoin is Clearly Tesla did more for Bitcoin than Bitcoin did for Tesla. Another answer is that you are buying Bitcoin as a hedge to something: collapse of fiat currency, inflation, something of that nature. Bitcoin and cryptocurrency wallets are a place to store digital assets more securely. Having your crypto outside of the exchange and in your personal wallet ensures that only you have control over.

The doge meme on which the cryptocurrency is based (Photo: Reddit) Their aim was to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. However, its. What's the truth about Bitcoin? The best way to answer these questions is to sneak a peek at the charges made against the future of Bitcoin. Let's dive in! Criticism against Bitcoin isn't always justified. It's one of the most promising technologies of the 21st century, but it's still in its infancy. Bitcoin mining is a senseless waste of energy. As bitcoin hits mainstream media, the topic. Bitcoin uses the hashcash proof-of-work function. The primary purpose of mining is to set the history of transactions in a way that is computationally impractical to modify by any one entity. By downloading and verifying the blockchain, bitcoin nodes are able to reach consensus about the ordering of events in bitcoin

Bitcoin: What is it and how do you use it? - BBC Bitesiz

BTC vs BCH vs BTG could be one of the biggest points of contention in the bitcoin community in the near future. Or, if Bitcoin Gold (BTG) doesn't have mining support, then this hard fork could be a total non-issue. Of course, some people said the same about Bitcoin Cash - and BCH is still alive and kicking today Bitcoin is probably the most famous cryptocurrency in the world that is recognized both inside and outside the community. Many people still feel FOMO (fear-of-missing-out) regarding the purchase at the end of 2018, when the digital currency price decreased by $3,000. Yet, the market has a highly volatile nature, and the cryptocurrency prices can change dramatically within the next few months The price of Bitcoin dropped below $10,000 for the first time since July. The largest digital token fell as much as 5.6%, before trading at $9,686 as of 3:40 p.m. in New York The first time running Bitcoin Core, Max OS X will ask you to confirm that you want to run it: You will be prompted to choose a directory to store the Bitcoin block chain and your wallet. Unless you have a separate partition or drive you want to use, click Ok to use the default. Bitcoin Core GUI will begin to download the block chain. This step will take at least several days, and it may take much more time on a slow Internet connection or with a slow computer. During the download, Bitcoin. Bitcoin was the first cryptocurrency on the scene, giving it a first-mover advantage. This is a fancy way of saying that the early bird gets the worm—or in Bitcoin's case, media attention and investor trust. There's a finite supply The world's supply of Bitcoin maxes out at 21 million, and about 18.5 million are currently in circulation.

In March 2019, when Bitcoin and all altcoins fell in value, Cardano's ADA was the only coin to demonstrate growth with a generally bearish mood. In early March 2019, the ADA began to rise in value from $0.043 to a peak of $0.098 by the beginning of April. That significant increase of slightly over 100% in the cost of ADA happened because of the v1.5 mainnet release, which completes the Byron. Bitcoin Cash is one of the largest cryptocurrency projects measured by market cap and is fighting EOS and LTC for the 4th spot. Our Bitcoin Cash Price Prediction 2021. BCH, as the rest of the market, is tied at the hip of bitcoin's price action. If bitcoin embarks on another bull run, BCH can hope for one as well. Bitcoin usually has a cool. Moreover, it seems the last time Maxwell used Reddit, her last post was about someone mysteriously sending almost $1 billion in bitcoin on Wednesday, June 30, 2020 Bitcoin could be outperformed by XRP in 2021; XRP is once again above the $0.25 price area and could be in consolidation; Crypto analyst Timothy Peterson, has shared a recent analysis of XRP. In his analysis, he explores one situation where XRP could surprise everyone in 2021 by having its best year since 2017. Furthermore, XRP could outperform.

Physical Bitcoins: What's the Point? - Inside Bitcoins

Is earning Bitcoin with each swipe the - The Points Gu

However, there are just too many security points. Everything from the tool itself to your Wi-Fi connection with your printer represents a possible threat. Most people make a mistake somewhere. To make sure there's nothing wrong with the security of your paper wallets, check out our guide on how to make a paper wallet securely. 3. Usage Problems. Paper wallets have been shown to encourage. Amber Baldet discusses where cryptocurrencies on the blockchain are going, the potential of Facebook's Libra project, and how the blockchain can revive our trust in putting our data online

Opinion | After eight years, the question remains: What’sBitcoin plunges… again

What's the Frequency, Bitcoin? - Gold Goats 'n Gun

Original Rainbow Chart from Reddit User azop (without logarithmic regression) Original logarithmic regression from Bitcoin Talk user trolololo that is now used for the Rainbow Chart. Über Holger. Follow me on Twitter: @rohmeo_de Permabull - Tweets mostly crypto charts & data porn (aka. Bitcoin Rainbow Rainbow Chart guy) - Sockpuppet for @blockchaincent - Co-Host KONSENS & NONSENS Podcast. Bitcoin mining saps energy, costly, uses more power and also the reward delays. For mining, run software, get your wallet ready and be the first to solve a cryptographic problem and you get your reward after the new blocks have been added to the blockchain. Mining is said to be successful when all the transactions are recorded in the blockchain and the new blocks are added to the blockchain Earlier in the year, it was bitcoin, then XRP, then meme token DogeCoin, which got swept up in the Reddit-driven trading frenzy and given an extra shout-out on Twitter by Tesla CEO Elon Musk

If you ban everyone that disagrees with you, what's theBitcoin below $10K? | MetaculusTechnicals Point To Extended Ethereum Dominance Over$11,000 Bitcoin Just Happened: Whats Fueling The Massive
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