Bitcoins are stored on the blockchain.

Each spendable amount of bitcoin is represented in nodes databases (chain state) as "UTXOs" which are used to verify if a transaction is valid.

Ethereum and a few other altcoins have states, bitcoin doesn't need them.

If you want more information, you might need to ask more questions.

Also the root of a block is generally a hash that is used to help determine if a block has been solved as well as to determine whether the block has been tansferred between nodes correctly (one of the applications of sha256 is to determine data has been transmitted without corruption).

There are probably a lot of people already doing this imo. It doesn't matter how wealthy you are though really, I'd much rather look at how - if a loss is made - easy it'd be to get the funds back too...

Diversification has always been said to be a leader, especially if the things you're diversifying in are quite well hyped. Higher net worths probably have access to more fixed income streams too.

Most wealthy people don't know how to adapt to these sorts of things also ($1m is probably the low end of being wealthy too in a lot of places - you probably won't get a house in a "nice" area for that).

If it makes it into any mainstream news though, that's all people are going to care about. Bitcoin jumps $5000/$10000 in a day is quite the news article if it does get pushed or somewhere is having a slow news day...

If this is what happens even if amazon of another large company don't accept bitcoin, what happens if one does? What is steam offers to facilitate it again at some point (or anyone else that big).

I'd recommend using somewhere like coinbase.com, you could always look for a bitcoin atm if you're near a city/großstadt (but they might not have good rates).

As suggested above, you could try this forum to do an exchange but I'd recommend using either a trusted escrow or an established member here to trade with - you can check their trust by clicking it on their profile.

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How did you buy these coins? Can you not use the same method to sell them?

I think a lot of the South American postal services are rated as one of the worst for theft and loss of items. They probably also have really strict border controls, but if you can get past those issues this is quite an interesting idea. I think a lot of people have similar collections (I've seen people with each note as they went down in value even more - eg starting at 10 Bolivar to 10 billion Bolivar or whatever the "equivelant" bank note is now. It'd be really interesting if you could find someone with a set of those with similar years on them too...

I've had this before... In much nicer conditions too. I think a to executed even though we went past there on the chart.

I'm not sure what binance are doing just in general with their system design as it seems to be really awful (especially getting a "server busy" error on a limit order - add it to the queue).

We did get up here really quickly but the price does seem to be sustained quite well for the short term (we've been above 38k for over 7 hours now and I'd expect we'll get to around 41k with this move - unless we're rejected a bit).

We've been red for 3 months now so even a green monthly close would probably drive some sort of trend change - especially if it gets more dramatic and can push higher.

There has been speculation it was a short squeeze, and most of the recent trading activity took place between 34-36k over the past month. A bunch of 10x shorts around there starting at 34k and you've got a recipe for a very big squeeze.

Hopefully no one got a lesson on what bad risk management can do...

Also I don't think it's sustainable to run an s19 Pro at 195TH/s by adding a second PSU, you might just end up burning the chips or something - even if it did work for a few days which I think is unlikely.

Yeah you've been able to buy gift cards with bitcoin for amazon for a while now.

Bitcoin is being scrutinised by governments more than physical currency atm so that is probably the biggest problem that amazon might face, I gave up buying something with btc a while ago because I like using it as it's fast, secure and fairly easy (compared to putting in card details) but then the payment provider wanted kyc...


The last bull run also had a lot of rumours of amazon accepting btc, which then turned out to be false-if implemented, I'd expect it to be released in a few years unless they've already got something working (which is probably quite unlikely).

Does anyone remember the facial recognition technology London had that could only pick up white men so it got scrapped (due to having only 30% accuracy of the people it saw). That was a recent development the UK went ahead with and the EU banned from the start... This'll probably go like that.


Realistically, most EU countries have terratories outside of the EU so I think that's going to cause a bit of a problem (they're normally implemented as tax havens or with looser laws too). People will just go there if they want to money launder, a return flight - at most - is €2400 i dont think that's a deterrent (unless you're one of the nordics then it's probably a €30 ferry ticket). It looks weird if you do it too often but if you don't or you buy a house there...

It's a pretty obvious scam, yes.

Also the start of their text doesn't look like it's UK English, it's missing something...

Oh and they don't have any form of formal registration or anything in the UK - even just as a normal private company.

Does making it legal tender mean stores have to accept it there (that's not a thing in Europe so idk - you can get turned away with 50s in the UK if they're not comfortable accepting them).

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The crash, also, was ultimately quite slow. Residents could probably have pulled their funds out in time. But, if they hadn't, that might be something the government were trying to do to get people to borrow money or buy a surplus of goods (to stock up on food for example). It could also be to put their economy up of it's dying quite badly as most who stayed expect btc to do quite well for the rest of this year.

I think there are a few things at play here:
1. Investors in bitcoin that are likely to panic sell/sell at a certain point are also likely to hold other coins they'll sell.
2. Most exchanges have a pair type for coin/usd and coin/most likely conversion (at least). Any spreads (gaps in the order book) are likely to not stay empty for long - but some do. Also some exchanges might be set up to arbitrage each other (especially if this can be done manually by someone managing some of the exchange's funds).

Most countries increase the value of domestic currency either by buying it back/destroying some or by lending it out to investors.

The latter could be the reason the Chinese government sold off quite a large number of treasury bonds - as well as hurting the US's ability to borrow at a lower interest than they'd probably have wanted.

This is quite likely for cbdcs created in places like europe, North America and India where property laws are white strict and the government can't just delete funds whenever they want. I think these areas already produce quite a lot of currencies too and may be entrusted in producing and distributing cbdcs (I think the Royal mint in Wales produces quite a variety of currencies).


All? No of course not. They wouldn't be able to and might not want to. CBDC tokens might be exchangeable for cash too so they'd be lowering the value of their currency - which no non Chinese country wants to do .


Probably when it becomes secure enough and if it has a good interest rate on an exchange - I imagine exchanges will pay higher for using their stablecoins or tokens though.

Tldr: just invest if you like the technology. There's too much talk on smart money and dumb money - a lot of "smart money" is just big money that can inflate itself.

The market thrives from sensationalisation. Do you think people ever know what they're investing in? The stock markets have high profile companies worth a lot less than they should be (0.5-5x annual profits).

The network is odd and so it how company accounts are filed. Companies are generally assessed on their profitibility at the time and any short strategic statements they give, no one cares about their assets or about their market share unless they point it out...

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I'm pretty sure investors, accountants and other people have the worst job satisfaction too - that's probably a strong reason for it.

Don't do anything if you're too tired to read a domain name above a search engine result imo.

Free av will only pick up stuff it's seen before  in most cases (and that link didn't look like it was phishing - too many extra letters - I assume that's why the av didn't flag it).

If you don't know something well enough to type in its domain name - I think you need to do some more research on it first.

You've painted out a plan of bitcoin going up 4x and then said newbies won't buy it?

That's still a 4x return, it's all they'll see ans all the news will be reporting on...

What's small and what's big?

Imo trading with a up to a few tens of million is generally all as easy as each other (especially in stocks). You should still be able to average a good rate of return whether your balance is big or small.

If your balance is big, you can of course hire a manager but how do you know they're going to manage it well if you're not involved?
Equally if you are involved, how do you know you're finding the right thinga/a manager is just telling you what you want to hear?

You have to be a full member to wear an avatar.

Once you are, you then go here: https://bitcointalk.org/index.php?action=avatar

Everyone's wanted an avatar but full member rank isn't too hard to get I don't think if you're here for authentic reasons.