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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. 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. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. 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. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
Hi all, I have a simple question on what event trigs a taxable event with bitcoin. i know buying bitcoin is not but selling, converting, trading bitcoin, as I understand, creates a taxable event. So wouldn't use of cypto cards, with each transaction, create a taxable and reportable event?
I've seen a lot of information on anonymous usage of bitcoin, including this. I'm wondering if it's not fairly safe, for a low-volume (maybe only once) buying model, to:
Buy paper wallet bitcoin from an ATM
Sweep paper wallet into a software wallet (I was looking at Electrum)
From Electrum, send to wherever I'm looking to spend (with VPN running)
I'm newer to this, so be gentle... What are the holes I'm missing? Is this fairly anonymous? I'm running on Windows 10. edit: when I'm spending, I'm using VPN and tor
Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.
Heyo, I just saw a video from ~2010 of a guy using a bunch of bitcoins to buy a pizza. Those bitcoins are now worth close to $200k today. This makes me wonder about a few questions: -What is being done to incentivize the actual use of bitcoin? Doesn't everyone have the same fear as I do, which is if I use a bitcoin today I'm missing out on money tomorrow? -Does bitcoin have to be an active fiat in order to be valuable? -What percent of people use bitcoin compared to HOLDRs? -Are HOLDRs detrimental to the future of bitcoin? The Bitcoin Standard book is in the mail, so hopefully it'll answer a lot of questions I have, but any help on here is appreciated!
Bitcoin Usage May Spike Following Cash Restrictions in Malaysia. Malaysia is set to become the latest country to impose restrictions on cash transactions. The move could force more people to look towards bitcoin and crypto adoption in general as a way of getting around such limitations.
What's the best/most financially optimal bitcoin usage?
I got more than a few of the lil guys hanging out in my stash. Since their value on the market has dropped I was wondering what the best way to use bitcoins is.
Bitcoin Usage Among Merchants Is Up, According to Data From Coinbase and BitPay/ Although bitcoin adoption may move at a glacial pace, merchants are seeing sustained traction regardless of market dips.
In a blog post announcing the new index, the Cambridge Centre for Alternative Finance, which oversaw the work, makes the same observation. “Reliable estimates of Bitcoin’s electricity usage ... Bitcoin was the first digital currency to eliminate the middleman. By avoiding banks and payment processors, Bitcoin developed a decentralized, worldwide market that requires only an Internet connection and an investment of fiat currency (national currency) if you want to participate. Bitcoin, also called a mobile currency or a crypto currency, was created in 2009 by Satoshi Nakamoto, a mysterious individual or a group of people whose true identity is still unknown today. Since Bitcoin is fully digital, it can’t be just stored anywhere. What can be stored is access to BTC, meaning private keys. With that realization, a new type of wallets sprung up — a crypto wallet. Today, the Changelly team wrote up a short instruction on how to use most of Bitcoin Wallets out here. Let’s dive in! In terms of actual day-to-day users of bitcoin as a spending currency, the number will be much smaller. Bitcoin as Spending Currency Vs. Other Payment Methods. While bitcoin’s popularity exploded in 2017, the actual number of bitcoin users globally is still rather small compared to users of other payment systems such as Paypal or credit cards.
How to Use a Bitcoin ATM Machine - BitcoinDepot Review ...
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