r/Bitcoin

2023-03-05 05:40:36 Why Bisq is the best P2P Bitcoin exchange
https://redd.it/11iipbr
@r_bitcoin Open / Comment

2023-03-05 04:40:54 New article: The failure of the modern economy (stay humble & stack sats!) - eng/ita
https://redd.it/11i9zqq
@r_bitcoin Open / Comment

2023-03-05 03:42:40 Found this in a bathroom in Italy
https://redd.it/11ie5sy
@r_bitcoin Open / Comment

2023-03-05 02:41:37 If you want Bitcoin to succeed, think about running a full node. With every new node the network becomes more decentralized and secure.
https://bitnodes.io/nodes/all/#global-bitcoin-nodes

https://redd.it/11icnmu
@r_bitcoin Open / Comment

2023-03-05 01:42:37 It's easier to like Bitcoin when your national currency biggest banknote was 1,000,000 and months later it was "converted" to 1 and now it's worth only 0.04 USD. The country is Venezuela and the national currency is Bs (Bolivares).

Hi, I'm Venezuelan living here, victim of living in a country with bad politics and economic management.

I had posted this somewhere else but I think the Bitcoin subreddit deserves it directly.

Usually I post outside the crypto community, some people blame and mock me for being "crypto enthusiast", yeah, it's easy saying that when your inflation rate is less than 10% yearly and your FIAT currency is accepted and respected worldwide (Maybe I would be like that too in that situation).

But for us living in countries with really bad economic management, using something not controlled by a central bank (which usually means politicians), is a relief.

​

https://preview.redd.it/65bjkavadsla1.jpg?width=780&format=pjpg&auto=webp&v=enabled&s=c1d609f7bdc47ce6693c83b1785c064a7cf9342f

That banknote is "old" while still in circulation, its face value is "1 millon" which is 1,000,000 Bs. (Bolivares) but because six zeroes were removed by law more than a year ago, not it's 1 "new" Bs, they didn't bother creating a new banknote so it's just like that people should understand it says 1,000,000 but it is worth 1. Of course a lot of problems specially with old people. Government just doesn't care.

Exchange rate is 25 Bs. / USD, so 1 Bs. is around 4 cents. You need 25 of these to make 1 USD.

Monthly minimum wage is 130 Bs. so around 5 USD. Or 130 banknotes of 1 Bs.

https://redd.it/11id1jt
@r_bitcoin Open / Comment

2023-03-04 23:42:14 Saw this in London
https://redd.it/11iad7k
@r_bitcoin Open / Comment

2023-03-04 22:40:03 Horowitz: South Dakota and other red states are about to ban Bitcoin as legal money and grease the skids for CBDC
https://www.theblaze.com/op-ed/horowitz-south-dakota-and-other-red-states-are-about-to-ban-bitcoin-as-legal-money-cbdc#toggle-gdpr

https://redd.it/11i6bbu
@r_bitcoin Open / Comment

2023-03-04 21:40:58 99% of people wont know a thing about bitcoin or lightning and they wont need to.

99% of people today do not know how central banking works, they do not know how credit card transactions are processed between banks and card issuers and they do not know how fiat based digital transactions are made between financial apps like paypal and cashapp. All they know is they need dollars because the stuff they want is denominated in dollars and they need cash or a card or an app that can pay for it.

In just the same way 99% of people in the future will not know how bitcoin works in terms of its monetary policy, hashrate or block times, and they will not know how the app they use to pay for things propogates lightning transactions for them. All they will know is they need sats because the stuff they want to buy is denominated in sats and they need an app that can pay for it.

99% of the world will never understand the first thing about bitcoin or the lightning network, all they will know is the shops that sell the things they want accept lightning so they need to earn their money in a way that allows them to spend to lightning invoices. All they will know is they need sats in a lightning wallet.

The first 1% of adopters will help kickstart mainstream adoption, but once mainstream adoption has taken on an unstoppable life of its own all that will matter is that there is easy to use infrastructure ready for the average person to be able to earn sats and spend sats in a simple secure way without them having to think.

We have just seen xapo private bank become the first to integrate lightning, this is a big deal and it points to the beginning of a trend that will see all banks on earth having to plug into lightning or risk becoming completely disused over the coming decade. By 2030 most if not all banks will allow their customers to recieve from and send to lightning invoices with their balances held in fiat initially but over time as fiat continues to debase more and more people will just hold their savings in sats.

The education curve has taken place for the early adopters that needed it. The rest of the adoption process will be completely organic and natural and feed on itself at a rapid rate without 99% of people needing to understand anything at all about the technical aspects of bitcoin and lightning.

https://redd.it/11i7tlb
@r_bitcoin Open / Comment

2023-03-04 20:42:25 jack Dorsey on Bitcoin




https://redd.it/11i4vk0
@r_bitcoin Open / Comment

2023-03-04 19:41:13 Video I made that mentions Satoshi and the importance of anonymity/withdrawal/decentralization

On my YouTube channel I made a video mentioning Satoshi and how important his anonymity + withdrawal from the project was. I also point to the importance of decentralization. Check it out if you're interested!





I'd love feedback from fellow bitcoiners :D

https://redd.it/11i1klb
@r_bitcoin Open / Comment