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What I mean by this is that with a Bitcoin ATM you simply pay fiat and receive Bitcoin into your own address directly.
Most exchanges create a wallet for you which is where you receive the Bitcoin after you pay with fiat. You then need to withdraw from it to your own address.
I'm wondering if there is any exchange in the world that offers direct fiat to Bitcoin in your own wallet transactions.
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Every time there's a problem with the debt-ceiling in the US since 2011 there has been talks about the possibility of minting a one trillion-dollar platinum coin out of thin air. Although the current US Treasury Secretary is opposed to this idea, there are people out there that are pushing to make this happen. On the other hand, most people think that Bitcoin reaching one million dollars is ludicrous. Combining these two ideas, I get the impression that most people still believe more in the USD than Bitcoin. Although things might change in the future when Bitcoin reaches $100k at some point. That will probably be an important mental milestone for the average person. |
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Bitcoin still has a lot of volatility because the real value is way higher than what it is today.
In the long term Bitcoin purchasing power will increase, so you're better off saving it, but of course you need to use money to live in society. As long as you spend less than what you earn you should be fine.
On the other hand, if you look at fiat currencies, in the long term their purchasing power is reduced dramatically so you're better off just buying anything with it as soon as you get it.
As an example, one Argentinean dollar about a decade ago was worth one USD. Today it's worth one cent.
In Venezuela things are worse, they just removed 6 zeroes to their currency.
And hyperinflation is just starting in many countries.
Obtain Bitcoin, and save it. You'll be wealthier in the future.
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Aren't these people concerned about address reuse?
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3. scarce 4. blockchain analysis 6. semierect
where are the other users - no interest, no time, too difficult?
I have a lot of interest, but timezones! |
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It's a very well known address, currently holding more than 13₿, that will never be spent as no one has the private keys to it. I know it was created before October 2011 as some people stumbled upon it at that time. They explain the concept there, but no mention of who created the actual address. I found a previous mention of the address in July 2011 where people were basically using it for burning bitcoins, but still, no mention of how or when it was created. The earliest mention of it that I've found appeared on 24th of June 2011, but again, no explanation about who created it: I just saw the address mentioned elsewhere The first transaction to that address(for 0.01₿) happened on 21st of June 2011, just 3 days before the previous message. There was a thread here asking about it in 2013, but again there's only the explanation of that type of address, and how you can make them, but no original source about who created this particular one. On the Bitcoin wiki they simply use it as an example, but again, no source for it: A common method is to send bitcoin to an address that was constructed and only made to pass validity checks, but for which no private key is actually known. An example of such an address is "1BitcoinEaterAddressDontSendf59kuE" Even on research papers it's used without any source: If there are reservations about collusion with miners or in the case of ”proof of stake” networks, then the funds can also be sent to a verifiable unspendable address such as 1BitcoinEaterAddressDontSendf59kuE. It's probably related to people designing proof of burn, maybe an idea from Iain Stewart? I haven't found anything concrete about that particular address, everyone appears to just simply have seen it from somewhere else. Anyone knows where was this address posted originally? |
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In my opinion, I would call them as “spectators” rather than “Bitcoiners with zero investment”. Unless someone donated BTCs to them and keep HODLing of course, it can be “very lessly” considered as they still do not want to invest out of their pockets. Correct me if I’m wrong though.
The earliest bitcoiners, basically anyone involved in Bitcoin in 2009 and maybe 2010ish, didn't pay for their bitcoins. Their bitcoins were either CPU mined or gotten from a faucet. |
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The Bitcoin Dev Kit could be interesting for this. With BDK, you can seamlessly build cross platform mobile wallets In particular, you should be able to create a basic Bitcoin wallet for any browser as it works for WebAssembly: https://github.com/bitcoindevkit/bdkThe bdk library aims to be the core building block for Bitcoin wallets of any kind.
It's built to be cross-platform: the core logic works on desktop, mobile, and even WebAssembly.
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There are some people who have claimed themselves as satoshi nakamoto. Craig is one of them. I'm sure all of them are fraud. Just trying to get into the focus, they are nothing but attention seeker. Anyway, can someone give me a complete list of people who have claimed them as satoshi nakamoto?
Here is a website that could be helpful: People claiming to be Satoshi (List of Faketoshis)If you're interested in spending a lot of time reading about who people think Satoshi might be, definitely have a look at this post |
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Pending the passing of the law that will hopefully make Bitcoin a legal tender of the beautiful yet isolated kingdom of Tonga, why doesn't the government just declare Bitcoin as an acceptable currency? I guess a mere executive order or something like that would be enough to make the ball rolling for this tiny country.
I think this Bitcoin-as-a-legal-tender experiment would be much easier to manage and probably faster to earn success in this very small Polynesian island nation than in El Salvador considering that Tonga is very small both in area and population.
The biggest challenge, however, would be technological and basic infrastructures that would provide the population reliable electricity and internet connection as well as the access to smart phones. This is particularly more challenging because the country is archipelagic and that a number of small inhabited islands are living off the grid.
That's a good point. In 2019 Tonga didn't have Internet access for a couple of weeks because one underwater cable was damaged. On the positive side, that same year the government started to prepare a satellite internet connection to provide internet access to most of the islands of the kingdom. Also something to note, even though there are hundreds of islands in Tonga, about 70% of the population live on the main island. |
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“Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” |
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It has been 3 months since El Salvador made history by making Bitcoin legal tender in their country, alongside the USD(September 7th, 2021). The world has reacted in different ways. For example, the International Monetary Fund (IMF) has recommended El Salvador to not use Bitcoin as a legal tender: "Given bitcoin’s high price volatility, its use as a legal tender entails significant risks to consumer protection, financial integrity, and financial stability. Its use also gives rise to fiscal contingent liabilities. Because of those risks, bitcoin should not be used as a legal tender." Other countries are starting to think about making the same move that El Salvador just did, such as Paraguay, and many others. The main motivations behind this are high fees of remittances, increasing inflation, and not having access to traditional banks. After reading a bit more in detail about the actual situation in each country I realized some countries are not really putting any actual laws into parliament, others are considering using different cryptos, etc. I think Tonga is probably the closest to actually achieve Bitcoin as a legal tender: "Tonga’s Parliamentary Representative Wants Bitcoin To Become Legal Tender"People in this small island use Western Union for remittances, and they have to pay up to 30% in fees. Making Bitcoin legal tender, alongside the Tongan Pa’anga, would immediately help people save a lot in money transfers. MP Lord Fusitu’a will be presenting a Bitcoin bill, similar to the one from El Salvador, to the Parliament of the Kingdom of Tonga by May 2022. We will have to wait and see if it passes. |
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satoshi probably has never paid a single $ for Bitcoin.
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Focus on living an amazing life.
She's not part of it, so you will naturally forget her over time while improving yourself.
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E.g. Wright is demanding a dozen former and current Bitcoin developers-- including myself-- to publish backdoored bitcoin software to enable him to take control of a huge pile of old bitcoins (which obviously belong to other people) because Wright claims to have lost the private keys, and if they fail to help him, he demands they pay him 111k BTC in damages.
And this is what Satoshi saidLost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone. |
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Now, the he won the trial, can he prove the ownership of those bitcoins? This is what we are waiting for as CW can't prove his ownership. Because as said before, he will prove his ownership once he wins the trial. And also, he plans to donate much of those to charity. So can he move those bitcoins? That's the next big question here. This is interesting to follow if he can really prove such ownership.
From this article: Yet neither Wright nor his defense were willing or able to provide private keys belonging to Nakamoto that could prove his claims—long doubted by many—that he invented Bitcoin. |
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