It's inevitable for criminal usage to be increasing. Why? Because mass usage of Bitcoin in general is increasing so it's really nothing but expected.

Also, take note that criminals also prefer using cars for getaway vehicles, knives or hammers to murder people, gloves and hairnets to prevent spreading DNA, computers to steal money and identities, the list goes on and on and on. Why? Because Bitcoin, along with these mentioned items, are tools.

I wouldn't really recommend that book in general especially if speaking of the typical person. Mastering Bitcoin would make sense getting that one if you're into code and you're interested in the technical aspects of Bitcoin, while The Internet of Money is more of why we need Bitcoin and such(which fits a lot better for most people).

it's like a fifth of an inch.

Nope. People aren't calling bitcoin a scam just because criminals could use it. People mostly call bitcoin a scam because they don't understand it, without them being able to conceptualize a non-physical asset being worth something.

Pretty much nothing as Bitcoin is free to use for literally everyone. The same way how criminals are also able to use cash for criminal purposes. It's literally the downside of every single technology— it will always be usable for nefarious purposes.

What? It's literally a topic that's pointing at Bitcoin bullishness. How is this article made "to scare away potential diverse investors from trying to invest in bitcoin"?

I know the common recommendation would be Andreas Antonopoulos' The Internet of Money, but though it's a really really good book, I've read the Little Bitcoin Book[1] and it pretty much covered most of the important parts crunched into a pretty small book(as to not bore the reader). The Internet of Money series is pretty much just Andreas' talks in written form, so it's a lot less organized and not really sequential.

EDIT: take a look at how thin this thing is. It's pretty much a booklet lol.

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[1] https://littlebitcoinbook.com

Bitcoin is money just like the USD, GDP, PHP, or whatever your local currency is; just in a hugely different form and with different monetary characteristics. And how do you earn money? Yeap, you either get a job, start a business, do gigs, those kinds of stuff.

Bitcoin isn't some magical phenomena whereas you cant just generate money out of nowhere without doing any work or having any investment.

Those tokens are so worthless that they aren't even listed on CoinMarketCap. They're most likely either scams or dead projects so you're better off just leaving them there to rot.

I don't think it really affected the gold markets THAT much yet, though I wouldn't be surprised if it does take a huge percentage of the gold markets sometime in the future; it's pretty much just a matter of 'when'.

Here's a not-the-same-but-really-similar topic: Millennials Are Twice As Likely To Buy Bitcoin Than Gold https://bitcointalk.org/index.php?topic=5298360.0

You can use those if you want to receive altcoins as well. But mostly though? Depending on your niche, BTC only via BTCPay[1] should suffice. It's open source too.

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[1] https://btcpayserver.org/

Which isn't a problem. Regardless what percentage of bitcoin are locked up vs. being transacted with, what matters is that Bitcoin is being used both as a store-of-value and as a payments currency. People are going to use Bitcoin for whatever purpose they want to, and one of those is purposes is for SoV. We can't force people to use Bitcoin for a specific purpose(payments) just because it says "A Peer-to-Peer Electronic Cash System" on the whitepaper's title.

You pretty much got almost everything wrong that I honestly don't even know where I'm going to start. Will edit this reply in a bit.

EDIT:

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Here it is.

1. The "buying most of the bitcoin and crashing it" is not as simple as you think it is.

2. They can't just ban BTC and just be done with it. It's actually one of bitcoin's advantages that any central authority can't really ban it(note: illegalization is different from banning). To be able to ban it, the only thing they could do is to shut down the whole internet.

3. Sure they have a lot of money; arguably, even infinite amounts of USDs. But when you get a huge inflow of cash what happens? Yeap, it drops in value. And along with that, if it's the case that they'll just attempt to buy a lot of bitcoin, bitcoin will rise and rise and rise in price that it would be too expensive and that the USD is pretty much worthless.

4. Bitcoin "whales" only have so much power over the markets. It's not like having a lot of bitcoin will give you total manipulation over the markets or something.

5. Where did you even get that Biden and USDC conspiracy?

6. Why would the government even want money to flow into USDC to start with? If you're referring to a central bank digital currency(CBDC), they don't even need to do any of these to get money into CBDCs. All they need to do is to require merchants to accept the CBDC or something like that lol.

1. With most if not all exchanges, you can't even set your own withdrawal fees. The withdrawal fees are pretty much constant and are rarely changed.

2. Blockchain.com doesn't take cuts on transaction fees.

What do you propose then? Stop them from buying bitcoin? Lol. Not to mention that 40,000 BTC(if I remember correctly) is hardly a "monopoly" considering the total supply.

Assuming na password lang ang pinalitan mo(hindi email at number), sure kang tama ung bagong password na ineenter mo? Though concerning email/number ang error, may small chance na baka sablay lang ung error message nila.

I suggest try mo nalang mag reset[1] ng password. Pag hindi tinanggap ung number na inenter mo, baka nga may problema account mo. Customer support[2] na ang next step mo nun.

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[1] https://app.coins.ph/welcome/reset-password
[2] help@coins.ph

You want to rank up? Then work for it. Looking for an easy way like making such topic is just going to kinda hurt your reputation. And knowing that you're a developer, you have a big advantage and you really should have no trouble earning merits here.

You've been here since April. No offense, but you should know this by now.

Please explain what you mean by "real unit for bitcoin" and "the actual unit for bitcoin"? Because as far as I know "bitcoin" is the "real" unit for bitcoin; whereas every single one of these alternative denominations are just made up. There's just an ongoing topic for a smaller denomination for UX purposes.

We hit $19k like almost 2 weeks ago now; not sure if I'd call that "recent". But yea, bitcoin's price rose because of supply and demand. It simply happened that buyers were buying out all the bitcoin below the $19k price-point hence we ended up here. We could speculate as much as we want but there's almost no way to know what specific news/event mostly caused the pump.

True. Though the rough estimation would probably a little bit too "rough" and inaccurate for us to end up with data that's decently meaningful. It's pretty could potentially be as inaccurate as saying that funds from a certain wallet address is "lost" just because the funds didn't move for years.

Always possible. But unless they literally work all the and only have a few hours left to rest or do chores or something like those extremely poor and unfortunate people, the "no time for x" is mostly BS. If you really wanted to do something, you'd make time for it.


Good for you that you seem to know what you're doing.

Of course there's no way, hence why I said it's an assumption. But yea, I misunderstood the question a bit. Initially misunderstood it as "people who held bitcoin 5 years ago". Whoops.