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Bitcoin – The Currency of the Internet

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r/Bitcoin

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PostsResourcesPodcastsOther Bitcoin SitesBitcoin Chat Hot New Top545Posted byu/jonesocnosis 1 day ago A Turkish bank is now asking borrowers to sign a commitment to not use the loan money in Liras to buy hard assets like Bitcoin, Gold, and Stocks.

twitter.com/Turkey…156 comments441u/thunderfulgames•promoted23Planet of Lana is an upcoming cinematic sci-fi puzzle platforming adventure. Coming 2022. Wishlist today.

store.steampowered.com View More 28 commentsVotePosted byu/Odd_Ask_4281 48 minutes ago Bitgo Wallet recovery wizard success

My circumstances; I opened a wallet in Oct 2015, but since then lost access to the email account and phone number connected on the account (2FA.)

Bitgo Support were very unsupportive and told me nothing could be done so I gave up hope for a while, but I kept trying and eventually found a way!

All I had was the BitGo keycard and my wallet password. Finally I managed to recover the contents of my wallet.

If anyone is in the same boat ie. has their password and BitGo keycard but cannot access their wallet.

Feel free to msg me and I’ll see if I can help!

Best Wishes,

*NB; for those interested here is the previously inaccessible wallet
3PuGZAza6eoQX4PArtWW7PdX8tdTNfRA3P

And also a link to the recovery transaction on blockchair

https://blockchair.com/bitcoin/address/3PuGZAza6eoQX4PArtWW7PdX8tdTNfRA3P 2 comments442Posted byu/XLScrypto 1 day ago

BTC schooling Shitcoins

117 comments34Posted byu/mpblogsredditor for 3 months20 hours ago The Federal Reserve’s Increasing Interest in Bitcoin

hynjoku.com/federa…8 commentsVotePosted byu/Bitcoin_is_plan_A 1 hour ago Ray Dalio about Bitcoin | Lex Fridman Podcast

youtu.be/TISMid…https://www.redditmedia.com/mediaembed/rply71?responsive=true&is_nightmode=false0 comments11Posted byu/itsglocx 16 hours ago Marathon Announced New Purchase of Bitmain Miners, Expects to Reach 23.3 EH/s for Early 2023

thecoincorner.org/2021/1…2 comments5Posted byu/Ciricath 11 hours ago A Bitcoiner’s Reflection On 2021: A Year Of Awareness

bitcoinmagazine.com/cultur…1 comment35Posted byu/chanman2087 1 day ago Is Bitcoin the best way to short the US Government specifically?

Would rather not get to crazy with treasuries or naked shorting, or any other complicated derivatives. Just a simple, clean, and explicit way to bet against the treasury, FED balance sheets, US Government et al…32 comments8Posted byu/RoninDojoNoderedditor for 3 months15 hours ago Plug and Play Bitcoin Node – transact privately and secure the bitcoin network

Tanto node: Our Plug n Play bitcoin full node. CNC milled from solid aluminum, this case is sturdy and durable with a sleek, eloquent design. Tanto uses a Rockpro64, and is supported with a 1TB NVMe m.2 SSD. All orders from today through Jan. 5th include a RoninSteel bundle.

Top (RoninSteel bundle), Bottom (Bitcoin node). Learn more at Shop.ronindojo.io and follow us on twitter @RoninDojoUIhttps://preview.redd.it/gkhk1sdkly781.png?width=1200&format=png&auto=webp&s=6ee47db6737ce85df69ae7c4a79803eb70a52efe https://preview.redd.it/3vrlotpily781.png?width=1200&format=png&auto=webp&s=b3afed436fba74e07a318ad4021bed4c67438a66 9 comments5.7ku/HoodedHorse•promoted36424547Geopolitics is your sandbox

store.steampowered.com View More 857 comments5Posted byu/CactusLand 15 hours ago Bitcoin Banking

I’m researching an article on MMT vs. Bitcoin, looking for some help on one topic. Legacy banks create deposits (their accounts payable ledger), usually using about 10x leverage on reserves. Are their any Bitcoin banks that create Bitcoin credits, (obviously not Bitcoins, but a derivative credit)? If not, has anyone explored this idea? Thanks for your help.22 comments16Posted byu/s3k2p7s9m8b5 21 hours ago

How the current economy “works”. and why wee need a new and decentralized system (Hint: Bitcoin!). ELI15:

How the current economy “works”. ELI15:

You give your power to a politician or central power to “manage” your economy.
They charge your credit card for everything and anything they can think of (including their own expenses).
For every $100 they charge to your credit card, increasing the debt without limits, they keep about 30% as a “convenience” fee for their trouble. Plus other “expenses” “administrative” costs and “commissions” to a long line of middle men. Totaling about 70% final cost.
They “give” you a total value of 30% ($30 out of your debited $100) for cash, payments, “assistance”, goods and services.
Rinse & Repeat: Borrow more, as much as they “deem necessary”, without a credit limit (or just raise it to infinity).
…profit!!! ^…for ^them!!!

Their only concern is to keep you relatively “happy”, complacent and uneducated to get reelected a few more times, make bank, then retire without a single worry because the broken system is not their fucking problem anymore. “I got mine, fuck you!”. The next people in power will need to figure out how to fix it or just continue till it implodes, as history shows.20 comments2Posted byu/dipsy9 6 hours ago How much bitcoin/sats did you pay for buying your home?

Those of you bitcoiners who had bought a home with bitcoin how much did you paid for it and in which part of the world? I want to understand how the price discovery happens in this case.4 comments12Posted byu/proph3tsix 19 hours ago If lost keys are good for HODLers because of its deflationary effect, then is the death of a bitcoin hodler (with full key custody) a net gain for a future hyperbotcoinized world? If not, why not?

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22 comments3Posted byu/redriverdolphin 16 hours ago A question about the bitcoin standard

If the world went to the bitcoin standard, wouldn’t that lead to slow economic growth as people would be extremely frugal and less likely to spend bitcoin with its value going up?29 comments1.3kPosted byu/fubolibs 2 days ago

Just set up my Bitcoin node. Raspberry Pi 4. Easy.

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see full image

1/3343 comments18Posted byu/bitcoinuser2 23 hours ago No BIP39 in bitcoin core?

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Why are bitcoin core developers so negative towards BIP39 aka seed phrases?13 comments17Posted byu/JoeBloggs90 22 hours ago Bitcoin mass adoption versus Government control

The more time I spend learning of the benefits of a decentralised network for curency the more impressed I am with its efficiency and transparency. I can strongly visualise a future where p2p is all decentralised.

My main question is this: how will this ever be allowed by any government? Our whole WORLD is built on old school conventions of central authorities, banking systems and networks. Can bitcoin ever REALISTICALLY become a global power currency because surely as it gets more popular, governments will get concerned that they are losing control

SHA-256 Miner for saleand regulate it down.

Why would a government ever want the world to go decentralised? It is not in their interest at all. The migration to decentralisation would be carnage too, given how many moving parts there are as dicussed above.

Can anyone explain how this could feasibly work? I love the idea but just don’t see how it will be allowed.13 comments5.7ku/HoodedHorse•promoted36424547Geopolitics is your sandbox

store.steampowered.com View More 857 comments19Posted byu/cryptocbwworld27redditor for 3 months1 day ago Fast-growing crypto storage firm Anchorage raised $350 million

cryptobusinessworld.com/Articl…3 comments2Posted byu/ushermen 16 hours ago Crypto Weekly # 176 – Bitcoin and cryptocurrency news of the week

themediaword.com/crypto…1 comment18Posted byu/invertedworld 1 day ago What does ‘legacy segwit’ mean?

The app for my hardware wallet shows that’s I have two bitcoin accounts, one of which is listed under ‘legacy segwit’. I thought segwit was a fairly recent thing, if so why is it being described as legacy? Just curious, not a problem. PS Scammers, don’t even bother, I will not be interacting with anyone.7 comments0Posted byu/Dipsi1010 12 hours ago When bitcoin was created i was 7 years old and i wish it was created later?

In 2009 you could start to buy bitcoin and i was 7 back then. I had no idea what stocks were and i had never heard of crypto. 5 years later in 2014 i hear about bitcoin for the first time and my friend talks about How it suceeded. Yet people talked about it like it was finished and wouldnt go any higher. And back then i think it was like 100….? Or something like that? Well either way it was way cheaper than it is now. I feel sad that i missed out even tough i was so Young and had no idea. Thats why i wish bitcoin would have been created later on? but either way i am happy to be here. I guess in 5 years it Will be like 300k and 50k like it is now would sound very cheap and affordable compared to that.12 comments196Posted byu/bertvanhouten 2 days ago

bisq is growing!

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In case you are not familiar, bisq is a pure P2P system for BTC-Fiat/BTC-crypto trading. It offers a unique alternative to centralized exchanges, as it is a fully decentralized system.

With the year nearing it’s end, looking back at the traded volume of major currencies is impressive.

Traded volume (in USD)

Year	EUR	USD	GBP	BRL
2019	2.6M	1.3M	0.5M	0.3M
2020	6.0M	3.8M	1.7M	0.6M
2021	18.0M	8.1M	4.9M	1.3M

Let’s wish for a 2022 with even more P2P activity!123 comments74Posted byu/jankis2020 1 day ago There’s a movement afoot that insists it’s impractical for most people to self-custody their Bitcoin

Bullshit.

Stop acting like it’s a virtue that you can’t handle securing 24 words. It’s pathetic.

Letting someone else custody your Bitcoin is like letting someone else have sex with your wife.

Quit fucking around, get a ColdCard or a Trezor or a Keystone – they’re all fucking great.

I want to tell you how easy it is (because it is) but you know what, it’s also hard. Because it’s hard to be a man. It’s hard to take responsibility. Fair enough. But just because you’re too much of a sorry sack of shit to trust yourself does not mean you can hang around the internet encouraging other people to be as pitiful as you.

Be a man. Custody your own wealth. Or keep being somebody else’s bitch. Your choice.

Merry Christmas!

Edit: this is not a screed against people who simply aren’t ready to take custody (we all go at our own pace). This is a screed against the asshats trying to spin cowardice into a virtue, saying because they are too irresponsible to handle a password that it’s ok to be a coward. Those idiots can gtfo.301 comments209Posted byu/Solnse 2 days ago Patriots Quarterback ‘Santa Mac’ Jones Gifts Bitcoin to His Entire Offensive Line

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bitcoinmagazine.com/cultur…27 comments

About Community

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, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.3.7m

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Created Sep 9, 2010r/Bitcoin topics

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Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.