Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Reddit Bitcoin markets slack is on track to rest united of the best activity assets of territory the chart below shows. Bitcoin's strong performance has not escaped the notice of Wall Street analysts, investors and companies. The set launched bitcoin trading inward with Reddit Bitcoin markets slack, which enables the buying and. 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 the need for any central authority whatsoever.
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If you have ideas for the remaining BTC, see here for more info. At that rate of printing, Tether could account for a significant amount of the BTC market cap within a few years. Shouldn't we be more concerned with the trillions of actual US dollars that were printed this year?
I guess your point is that some of those billions in tether may have been 'cooked' from nonexistence? Am I misunderstanding how tether works? If there is 5x more tether this year, doesn't that just mean that all of those actual US Dollars are tied up backing the tether?
Got it. I was under the impression that these tokens were being audited and now see that may not be the case, especially when it comes to Bitfenix. That seems like it should be criminal -- guess this is the kind of thing people are talking about when it comes to positive regulation in crypto. So what? I'm not trolling -- pls take question literally. I don't understand the implication. Tether gets audited, shown to be a fractional reserve.
BTC price and market cap would be almost completely wiped out. More like holders of tether would have their faces melted off and would rush to trade out of the stable coin. I guess I don't know enough to grasp the concept. Is Tether the same asset as BTC, on the same blockchain? I thought once BTC block was created, my private keys were all that mattered.
I don't really understand stable coins. I'm googling but still I don't understand the premise. I say this as a person who holds both, but has only added to BTC in the past 2 years.
FFFfffuuuuccckkkkkk silver. Its nice to have a couple hundred ounces just for the zombie apocalypse but holy heck do I wish I had the knowledge from Saifedean and his book back then. This exactly. The biggest issue I always had with it is it seems to not enjoy boom times, and then when things go badly it pumps, but then the demand gets cut off so it does not even hold performance because of the lack of industrial demand kills it as the producers are opening mines back up and pump the supply.
Then Safedean's book hammed it home that the freaking thing would never appreciate noticeably because of the stock to flow. It is great as an industrial use, and as it gets cheaper there will be greater demand for more industrial usage for it Ive read a lot of Holocaust history.
I've read several accounts where a bribe with gold to a border guard or train inspector or whatever saved someone's life. I feel like silver would get you laughed at. That's not an apocalypse. Any kind of wealth should work fine for a bribe when civilization is still mostly working. I have bitcoin! Let me explain how it works.
Ok first you'll need an exchange account Pulls out gold coin to bribe the guard. Desperate people behind you see, club you in the head, take your gold and crush you underfoot. Chaos intensifies and the guards get overwhelmed as the crowd rushes the lifeboat which sinks from being overloaded.
An apocalypse implies mass chaos and the breakdown of order. In that event, the only thing that will really matter is knowledge, skills, and luck. But, if you insist on stockpiling some 'stuff' for that scenario, it better be the stuff that helps you defend or acquire other stuff. I don't need to stockpile gold or food if I know my neighbors are doing that and I have the ability to just take it from them if civilized order disintegrates.
It requires too much to be legitimately prepared, and the reward for the investment paying off is that you get to survive and scratch away at a subsistence existence in a new dark age. Bitcoin will work again as soon as the internet is back up.
Same goes off there is a war. Eventually the Blockchain will be picked up by some person and the network will continue. If we get a few satellites broadcasting the Blockchain soon it would even work during a zombie apocalypse. You would be able to trade across the world and order supplies using it.
If the internet comes back online as separated networks then bitcoin could fork on those separate networks which creates opportunities for replay attacks and double spend attacks. That should sort itself out over time though. What's funny? It wouldn't be the first Bitcoin Satellite. The network as of is only a one-way network and the user still needs a connection to the Bitcoin network to send transactions, which can include SMS gateways or higher cost internet which would be expensive for receiving full Bitcoin block data, but is cost effective to send a single transaction.
Maybe I am misinterpreting this post? In fact, the big milestone we set as devs on Bitcoin was when we surpassed Silver Marketcap. Again, I may be misunderstanding the post. Unless you meant 4x the marketcap of silver? But even then, we are well past that. To answer how this Silver marketcap is obtained? This is an aggregate of all the silver mining and the data submitted to sell this asset via bullion or precious metal.
If we included ETFs? Then we see "paper value of Silver" is valued at approx 10x the actual metal value. So since the only use of Bitcoin is as a financial asset it is only fair to compare it to the asset side of Gold.
Thank You. It is great to see knowledgeable people who try to be objective and educate others. We really appreciate the comments. The market cap of gold also depends on the price of gold. Last year it was around 8 trillion, now it is around 11 trillion. I think I can see where the confusion and misunderstanding comes. This "article" is not indicative of actual current day reality. There are 2 main reasons. This means that whenever silver is and was used, it is gone. Can not recover.
For example, in photography, they used silver to expose, activate various procedures to create a photo. Once the silver is "used" is is unrecoverable. But unfortunately, no longer available or accessible.
The 2nd big issue is the data source. From just a cursory investigation, it seems they have an incentive to mispell the facts. In an example, this would be like stating that the FULL marketcap of CocaCola is worth an obsene amount because thats how much CocaCola has been produced since day 1.
Obviously, this data would be skewed because most of all cocacola has been consumed and is no longer existing. This article is another prime example how falsehood of data and numbers can misinform people.
But, in the 20s - 80s? Silver was widely used without restrictions and hence lost an abundance. Which is why they stopped using Silver in coins, because the shortages were huge. When someone in the GOLD market is speaking negative about silver? IOHK to launch two new smart contracts devnets for Cardano cryptoslate. Bitcoin between 4k and 20k in so far i. Blockchain, zero-knowledge proofs and e-voting meetup. Charles Hoskinson calls for a different kind of apoliticism than Brian Armstrong cointelegraph.
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