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This is a very well explained, cpfp is a very good means to make the transaction (child and parents transactions) confirmed faster, but how about using rbf also in which we can just pump the fee so that the transaction will have high chance of getting placed in the next block. I have used rbf several times on electrum and it worked effectively.
1. But, I have few questions, if cpfp is used, that means the sender is sending to two addresses, is the fee (for the two addresses) divided by 2 going to be lower than using rbf?
2. Can I use cpfp to send back to my own address? Like, I send to my friend with low fee but later use cpfp using my own another new address as the child address? In this case, is the fee will be the same as rbf or higher?
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I hope this will let you know how bitcoin is truly a money, even if it has not gone mainstream. Probably you are misinterpreting fiat definition to money definition. Are all the stores you mentioned not accepting bitcoin, are they accepting gold, is gold not money. Anything the have intrinsic value and can be spent is called money, as I can sell my gold, I can also sell bitcoin. What money isMany people do not know what money is, like I ones thought money is the first which are acceptable as a means of payment in individual countries, but this is a misconception. Money is anything that has intrinsic value and that can be spent. Good examples of money are bitcoin, other cryptocurrencies (altcoins), gold and fiats. Among them all, is a money called bitcoin, created in 2009 and has now being greatly accepted and adopted in the world due to its decentralized nature.  https://www.shutterstock.com/image-photo/bitcoin-laptop-wallet-virtual-currency-gold-1043355598IntroductionBitcoin, being the first and the most successful cryptocurrency, has being well adopted in many countries of the world which has reflected through its increasing marketcap and price that also proved it to be a well known deflationary currency. Bitcoin has been increasingly and successfully adopted and proven to not be a ponzi or regulated in any way by any centralized authority, everything about bitcoin is open source and available to the public to the extent bitcoin community are even regarded as the founder of bitcoin, Satoshi Nakamoto. Although, officially, Satoshi Nakamoto is the creator of bitcoin in 2009. What money isMany people do not know what money is, like I ones thought money is the first which are acceptable as a means of payment in individual countries, but this is a misconception. Money is anything that has intrinsic value and that can be spent. Good examples of money are bitcoin, other cryptocurrencies (altcoins), gold and fiats. Among them all, is a money called bitcoin, created in 2009 and has now being greatly accepted and adopted in the world due to its decentralized nature. Money vulnerable to theft and depreciation until the onset of bitcoinBefore the onset of bitcoin, all types of money were either vulnerable to theft or depreciation, there was a time in the past when there was money but no bank, people will still think of a way to protect their money, but at the time, money were vulnerable to theft. So, later comes bank, to help individual to keep their money, fiats was adopted and was accepted by all countries of the world, and money centralized regulation evolved. Now, fiats are manipulated, the manipulations are from governments because fiats are centrally regulated and due to this, money owned by individuals are manipulated and making fiats to be a depreciative asset. Money like gold that are physical are more vulnerable to theft while fiats kept in banks are more vulnerable to governmental manipulations. All these do not make money characteristics to be completely fulfilled until the onset of bitcoin that created indirect bridge known as blockchain between fiats and cryptocurrencies. Now, people can hold bitcoin in a way to do away with theft and central (governmental) manipulations. Fiat inflation vulnerabilityAlthough, the central bodies (governments) may not be blamed at times for the reason they are manipulating the fiats, especially while devaluating it during inflation, and can be blamed when their is excess fiat creation and introduced into circulation. Fiats are manipulated/devalued for the benefit of the country but making citizens of the country to lose and make their worth depreciating. That is why fiats needs alternative, a kind of money that will be easy to spend like fiats and yet not vulnerable to governmental manipulations, bitcoin created the bridge to that part. There are many strong fiats, while some are weak and more volatile, a good example of strong fiat currency is dollar, and can be used as a good example of bitcoin-to-fiat price trend comparison. For the past decade, bitcoin hodlers have more increase of 20% in bitcoin price not actually as a result of bitcoin instrinsic price increase, but due to dollar that is not immune to devaluation and gradaully depreciating over the past years. This was taken when bitcoin was at a price slightly above $10800 in accordance to a crypto news. A decade ago bitcoin price gainLimited supply + marketcap = 80% in bitcoin price USD deprecuation = 20% (Limited supply + marketcap) + USD deprecuation = 100% butcoin price trend.  https://cointelegraph.com/news/fiat-inflation-has-cost-bitcoin-hodlers-20-over-the-past-decade/ampIf you check some other countries like African, where fiats are more vulnerable to depreciation, these would be the worst cases. This is one of the major reasons the need for bitcoin especially. Normally, fiats are depreciating assets by design, while physical money can still be vulnerable to theft, but with expert knowledge about bitcoin, bitcoin is not vulnerable to theft, and also not vulnerable to governmental regulations. Bitcoin has limited supply of 21 million, and this makes it a deflationary currency, the more people adopt it, the more people make use of it and the more it is getting stronger, and also increasing in marketcap and price. Although, the price of bitcoin may seem decreasing at times, but later, the price will increase unlike fiats that are constantly depreciating. Centralized (governmental) bodies compromising bitcoin and crypto in general. Nowadays, governments have now being trying to make bitcoin so centralized, many people are now using bitcoin do not even know what private key or seed phrase is and depending on third party while not knowing the third party are actually third party due to how fiats are working, they thought bitcoin and other crypto works that way, therefore not even knowing about privacy. These are all wrong because bitcoin is a privacy currency, people can hold it without depending on any third party which is the best way to go while dealing with bitcoin with the current settings, some people even knowing about this but because of trading flexibility, they still keep their bitcoin and other crypto using centralized party services, which makes them not to be the owner of the coin on blockchian while the third party are not safe and secure. People do not need to keep bitcoin with third party, you can keep it yourself without anyone knowing, all you need to do it to make use of noncustodial wallets, generate your seed phrase and/or private key. Storing the seedphrase and/or the private key in a safe place that is safe from thieves and damages. If the seed phrase and/or private key is compromised, that means all your funds are lost. Some approaches towards seed phrase/private keys protectionBitcoin is digitally created, users should be digitally conscious, while privacy, security and safety should be maintained. Malicious actors are also trying their best to steal bitcoin from people having it. But, there are many approches to avoid hackers from stealing bitcoin, few of this is discussed below. 1. Avoiding custodial servicesThere are different custodial services, although they have helped in bitcoin adoption, but still must be avoided, they make use of hot wallets to hold customers assets, while hot wallets are prone to hackers activities, and they are targeted by hackers because the custodial party keeps thousands to millions of customers assets. Most custodial services are often hacked and many have resulted to lost of users funds and never recovered. 2. Avoid using hot wallets for high savingsAlthough, hot wallet can be good for saving low amount of bitcoin, while experienced users can still avoid hackers by avoiding malware on the device used, but for saving high amount of bitcoin, cold wallets are best, and for ease of use and for frequent transactions, hardware wallet is good as a type of cold wallet. 3. Use of Shamir's secret sharing to protect seedphrase/private keySeedphrase or any other sensitive information like private key can be protected by the use of shamir's secret sharing, in a way the the seed phrase is converted into secrets, and the secrets are divided into parts for high protection. 4. The use of multisignature walletMultisig wallets are wallets that can be regarded as M of N wallet, in which the wallet can be generated for N users having their own private keys while M users among the N users will be able to sign transactions. This makes it difficult for hackers to penetrate, even if one private key is compromised. It can also help in a way another wallet can be created and the bitcoin in the previous wallet is sent to new wallet if any of the M or N users lost his/her private key, or if anything like malicious activity is suspected. There are still many other approaches, like having more than one wallet. But the approaches to be used should not be too tedious in a way wallet owner will not be able to recover back his/her wallet during wallet lost. ConclusionBitcoin is money, the first successful decentralized digital currency, which was created as an alternative to centralized fiats and also altenative to money that are vulnerable to physical thefts, thereby, fulfilling what early days money can not fulfill. I have been reading about the differences between money and currencies, even I have not seen anyone referring bitcoin as money but only as currency. I read about the difference on many site. Check the quotes below: https://en.m.wikipedia.org/wiki/History_of_moneyMoney may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money), be legally exchangeable for something with intrinsic value (representative money), or only have nominal value (fiat money). https://www.quora.com/What-is-the-difference-between-currency-and-moneyGold Silver explains that the most significant difference between money and currency is that currency does not have consistent value. Currency is used as a physical representation of value that changes over time and varies from one country to the next. According to the Gold Silver website, gold and silver are the only items that have served as money and represented fixed value throughout human history. https://quickonomics.com/different-types-of-money/Commodity money is the simplest and, most likely, the oldest type of money. It builds on scarce natural resources that act as a medium of exchange, store of value, and unit of account. Commodity money is closely related to (and originates from) a barter system, where goods and services are directly exchanged for other goods and services. Commodity money facilitates this process because it acts as a generally accepted medium of exchange. The critical thing to note about commodity money is that its value is defined by the intrinsic value of the commodity itself. In other words, the commodity itself becomes money. Examples of commodity money include gold coins, beads, shells, spices, etc. https://medium.com/@goldma/currency-vs-money-did-you-know-theres-a-difference-f344aa496867The one major difference between currency and money that many are not conscious of, is the store of value. Currency is not a store of value, in fact, it can even go to zero because of extreme circumstances. It is also volatile because it has no intrinsic value. Money, on the other hand, is a store of value. Gold (which is money) has always been a consistent store of value. Even when the world financial markets become unpredictable, investors turn to gold because it is less risky and more secure.
From all quoted links above, it is evident that bitcoin is actually money, I still have other links that proved this but did not included it because I want this topic to be easily readable. Gold, silver and and the likes are money which has been existing and have intrinsic value. Like I have mentioned, money can not be seen, only currencies can be seen and the intrinsic value of gold is its value in the world that is influenced by its demands and its price. What about bitcoin? I will like you opinion on this but as for me, bitcoin itself is completely money because it is also a safe haven like gold, currencies can be seen physically but what makes the currencies money is the value they possess, this makes me conclude that bitcoin is money, bitcoin have such value and a safe haven people turned during economy inflation. Money are not subjected to governmental manipulations but currencies do, the price of bitcoin is not regulated by any central body or the governments it is regulated by people that buy and sell it in the world and this makes it to have value like gold and the likes by having the same value all over the world not from country to country. So, bitcoin is money and will be referred to as money during its races to recognition. |
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Who are merit source?
Some members are given smerits every month or so, the members are called merit sources. The smerits are then distributed by the merit sources only to quality posts that are worthy of the smerits. What does it take to be merit source?
Be an established member, then you can apply. To understand more, check this link started by Theymos https://bitcointalk.org/index.php?topic=2818350.0If you want to be a merit source:
1. Be a somewhat established member.
2. Collect TEN posts written in the last couple of months by other people that have not received nearly enough merit for how good they are, and post quotes for them all in a new Meta thread. The point of this is to demonstrate your ability to give out merit usefully.
3. We will take a look at your history and maybe make you a source.
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For more answers, there are many users that will give you more quality answers, just move this thread to 'bitcoin technical support'.
You are just rubbed with a DDOS malware attack which changed the bitcoin address you input to hacker's bitcoin address. You may think you checked it but you did not because that is what actually happened.About RBF, on most wallets you can only use the RBF to pump the fee of transactions so the chance it will be put in the next block will increase, but you can not use it to cancel the transaction, nor use it to send the bitcoin to another desired address. But, this could likely be possible on bitcoin core. I am not really sure about bitcoin core, but check what I found out about it. https://news.bitcoin.com/greenaddress-wallet-adds-replace-fee-rbf-front-end-transaction-support/While opt-in replace-by-fee as included in Bitcoin Core allows replacing any unconfirmed transaction (even if this means unconfirmed transactions are “canceled”), GreenAddress users can only resend bitcoins from the same inputs to the same outputs, but with a higher fee. It only allows users to “boost” a transaction to increase the likelihood a miner will include it in a block. If so, bitcoin core should be able to cancel the transaction by using RBF, but I am not certain. Let people using bitcoin core comment about this to know the validity of the statement.
The best you can do to avoid this from happening again is to back up your files, and perform a hard reset, you will need to create another wallet and import your seed phrase into the new wallet. Be careful of malware, unsafe browsing are the cause, install powerful anti malware. Also, always check the recipient address two to three times before pressing the send button. |
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the goverments have plan to create their own cryptocurrenicies, so the btc and eth was just testing currencies to see how it works and get people to use with cryptocurrenies?
No! Governments are only afraid of bitcoin and decentalized cryptocurrencies because people are continuing to adopt it, they already know cryptocurrencies are the future currencies. But, governments are only compromising what cryptocurrencies are, cryptocurrencies are supposed to be decentralized, but governments are working hard to make it centralized it. first whats wrong with fiat currency? the cash is works good nothing wrong with this
When the governments have already dawning to know fiats are not accurate enough when it comes to transparency, and that cryptocurrencies can be created in a more transparent way and hard to edit or manipulating ledger unlike fiats. second how they are going to control how much to issue the currency and how the value will be backed?
Governments are governments, their centralized cryptocurrencies will be controlled like normal fiats which are depreciative assets. So, governments owned cryptocurrencies which will be centralized will be manipulated in price and value like fiats, which means the governments cryptocurrencies will be depreciative assets, unlike decentralized ones like bitcoin that are appreciative assets. and by who the transparanscy is guranteed?
Government owned cryptocurrencies will be transparent if they use a transparent and impossible to edit ledger, but let us see if such will be the case. But, know that the centralized currencies, be it fiats or cryptocurrencies will be a depreciative asset because it will be subjected to manipulations in term of prices and values. |
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I was shocked to see this type of news, that most DEXs are unsafe, I do not want to know any report that could have alleged that, because we all know how DEX are secured and safe by design, unlike CEXs that are often hacked as usual. But, I will like to go a bit deeper into the reason why it is alledged in a report by CER (Crypto Exchange Ranks) that most DEXes are unsafe
According to CER, 14 out of 25 decentralized exchanges, or DEXs, score poorly in terms of cybersecurity, according to a recent report.  https://cer.live/defiThe factors used by CER for the ratinghttps://hacken.io/research/researches-and-investigations/decentralized-exchange-ranking-methodology/CER analysts have created a methodology for the assessment of decentralized exchanges in order to protect traders from trading on exchanges who do not worry about their security and the safety of their users’ funds. While conducting a significant number of researches, the CER team of qualified specialists developed a comprehensive assessment model for decentralized exchanges, which consists of several essential components. Security audit Bug bounty program SSL/TLS Cold wallet direct support Liquidity score Data provision Token whitelists Transaction deadline Slippage tolerance Only two of the DEXs received a “high” score: Uniswap and Syntetyx. “It is important to note that 6 exchanges (24%) failed to pass a security audit or did not publicly announce that they have undergone an audit. It should be noted that an unaudited exchange cannot be considered safe.” “Despite the fact that there haven’t been any significant hacks on decentralized exchanges in comparison to centralized platforms, DEX users are actually more susceptible to fraudulent attacks." https://cointelegraph.com/news/most-dexs-are-unsafe-alleges-new-report
What's your take on this? |
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If you trust the sender, the transaction will eventually be confirmed if no manipulation, the mempool is now congested, that is the reason for many delayed transactions. But in your case, the person that send the yet unconfirmed bitcoin used a very low fee (0.00000669 BTC, 2.987 sat/byte), this fee is so low that normally it does get confirmed only during the weekend, and so far the person even send it during weekday, it will take days before it will be confirmed. But, with the congestion, it could be more than a week.
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I found this to be true, I was even confused when you coded it up there, it is so similar to iancoleman.io, the site will truly be a phishing site with no two intentions than to scam anyone that mistakely input his/her seed phrase, or who mistakenly use the fake site to generate seed phrase. Domain providers are not working enough to let people not to use such fake domain, if I am a domain provider, I would have known this will only lead to scam site, and google is also good in spreading false information, making scam more easily and unknowingly accessible to people which could later be victims.
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You only just predicted with no speculation(s), no reason(s) you predicted bitcoin price to reach $15000 before the end of the year? If there is any, then included it. You must have a reason than to being fomo. Well, with what we are noticing recently, it is very possible bitcoin could hit $15000 before the end of this year, one of the reasons is the rate of adoption of bitcoin, we can see PayPal and many banks in the world now interested in providing crypto services in which bitcoin has been their first cryptocurrencies to consider. With this, very possible bitcoin price will even reach all time high in 2021.
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Nice one Blackpussy, I suppose don't comment for your post, but I no like the 'Beginners and help board' wey you post ham, e feel possible say moderator go carry ham go 'off topic', e go make sense to carry ham for 'Politics and Society', because I no wan short of posts counts. I dey feel your presence for this forum, I believe in time you go rank up soon, well done. |
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Before was only the time of exchanges, although it is quite obvious that these exchanges are not secure and safe by design in which over ninety exchanges have been hacked, but custodial services are now more increasing, this will although really help bitcoin as it is possibly going mainstream, this will be achievable in this next decade we are about to enter. Some days ago when PayPal declared in offering bitcoin, ether and litecoin services on there platform, also now reading lately about banks declearing to offer crypto service. Indian bank to offer crypto services across its 34 branches For the first time, Indians will be able to take out a loan against cryptocurrencies. https://cointelegraph.com/news/indian-bank-to-offer-crypto-services-across-its-34-branchesSingapore’s largest bank reportedly launching crypto trading and custody Another global bank believes that digital assets are the future of the global economy. https://cointelegraph.com/news/singapore-s-largest-commercial-bank-reportedly-launching-crypto-tradingI belive we should know crypto banks custodial services have begin, I see this as the beginning of bitcoin going mainstream, the time when bitcoin will be used as direct payment is imminent. Although, these custodial services has resulted to many users not knowing the actual means to deal with bitcoin in a noncustodail manner, but the custodial service are helping in making bitcoin to be more adopted globally. But facts still remain fact, that the best way to privacy is noncustomotdial means, and knowing 'not you key not your bitcoin on blockchain', and this bitcoin adoption will help many noncustodial users to use bitcoin for buying and selling directly instead of still depending on fiats. But, it is like peoples ignorance will make them not to know what bitcoin actually is, that, it is a privacy coins which is compromised by custodial services. |
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2. Is it possible for hardware wallet to remain totally offline, while using another wallet as watch-only wallet in a way the hardware wallet will be used offline only for signing through the means of QR code?
The coldcard wallet has a microsd slot, you can create a transaction on a PC, copy it to the microsd, put it in the coldcard and sign it. You then put the card back in your PC and broadcast the signature. Takes a bit more time then using the USB cable but it does work. For the ultra paranoid they also make an adapter that lets you run the coldcard from a 9V battery so you never have to plug it into anything. Thanks for the above link, also your reply and others makes me also understand how coldcard could be used as airgapped also. I like this method also with the comment of o_e_l_e_o. In terms of keeping a hardware wallet completely airgapped, yes, it is entirely possible by pairing with a wallet such as Electrum. Pair your hardware wallet with Electrum on an airgapped device, export the master public key to an internet enabled device to create a watch only wallet. Create transaction on watch only wallet, transfer to airgapped device via QR code or removable storage, connect hardware wallet to airgapped device to sign transaction, transfer back to watch only wallet, broadcast.
This is somehow complicated and complex, but the way you explained it is very understandable, I think this is one of the best way to be safe online, I want a way private key will stay offline forever which I believe should be a good reason of buying hardware wallet, and making me to feel secure and safe that no attacker can bypass my hardware wallet protection. I really like QR code to be involved in signing a transaction which makes it less complex and also no malware will be able to bypass it. |
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Nice one Coolcryptovator, I believe this will also be an encouragement for new members, you have tried on this forum, you always involve yourself in a constructive threads and also contributing good, I have known you to be a very good and wanted member on this forum. Also, there are many of us that opened account this year and have ranked up, I can not believe I have attained over 500 merits in just less than 8 months, only what newbies requires is hard work, staying on this forum, studying the forum, researching and contributing.
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There are many different approaches to this, but I have come to a conclusion about Shamir's secret sharing which can be an effective way to this type of issue. Let us take for example, that you have 4 children, you can use the Shamir's secret sharing cryptographic algorithm to use the seed phrase to generate four secrets, the secret can be set to have 3 shares, which means 3 secrets is enough to reconstruct the seed phrase. You will have to let your 3 children know about this, educated them what bitcoin and cryptocurrencies generally is all about, then give them their own secrets. In case any thing happen to anyone, the three remaining can reconstruct the seed phrase. Also, for more ease of recovery, the shares can be set to 2 instead of three, I'm which only two secrets will be needed to reconstruct the seed phrase or private key.
But, also another approach which is the best is the use of multisig, in which M out of N users can be able to sign a transaction, so out of 3 children, you can set it to 2 children that will be able to sign the transaction, so any of the 2 children will be able to unlock the funds in case of anything. This is one of the best approach, but fathers do not want children to know their assets until they leave the world, but multisig can not offer such, your children will be able to know the assets on the multisig wallet unlike shamir's secret sharing when children will only be able to use the shares to reconstruct the seed phrase or private key, if they are loyal in the family.
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Please, do not mind my question.
Normally, it has been revealed that it is still possible for hardware wallets to be vulnerable to malware, especially when connecting it through the means of USB to a computer, which means hardware wallet users should still be careful of malware. I will appreciate the following questions to be answered.
1. How about ledger nano x which support bluetooth, can it be affected by malware through bluetooth while performing online transaction?
2. Is it possible for hardware wallet to remain totally offline, while using another wallet as watch-only wallet in a way the hardware wallet will be used offline only for signing through the means of QR code?
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On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. This indicates the number of Bitcoin (BTC) whales reaching a new all-time high recently.  https://studio.glassnode.com/metrics?a=BTC&m=addresses.Min1KCount&s=1562062216&u=1603670400&zoom=Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlAccording to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet. https://studio.glassnode.com/metrics?a=BTC&category=Lifespan&m=supply.HodlWaves&s=1481224923&u=1603670400&zoom=https://www.google.com/amp/s/cointelegraph.com/news/the-number-of-bitcoin-whales-hit-an-all-time-high-during-the-latest-bull-run/amp
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Shamir’s secret sharing for bitcoin is just multisig wallets. I had assumed you meant splitting the private key into N pieces, the following was intended as a response to that:
I did not mean multisig, I later also included multisig also. Shamir's secret sharing can even be used to create secrets of any words, numbers or characters. So, its cryptographic algorithm has an advantage beyond only private keys or seed phrase. It is completely different from multisig. And only one private key or see phrase will be used in this case in a way that will generate the secrets user wants. About your link above, I think it is an introduction to (2,3)-threshold multisignature, not yet implemented, but will also run off the blockchain, there were people reacting to it that the purpose of the protocol could be useless if BIP340-BIP342 are implemented when multisig transaction will be indistinguishable from normal single wallet payment in which multisig transaction fees will be low as well like single payment wallets. And congratulations on achieving 500 merit, by the way.
I sincerely appreciate, I see you really posting quality posts on this forum, you are good and I respect you, especially when you do give answers to technical questions I do not even have any idea about. You may no know, you have been one of my encouragement and following your unique ways of posting. |
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"Cash is becoming worthless" - is a very strong statement! We are very little compared to the traditional finances in almost all parameters. Be it volume, usability, acceptance and so on...
If I use my country fiat as an example, it is even more depreciative, I remeber when I was small and also in history when my country gain independence, our legal gender was equals to pounds and higher in price than a dollar, later on, my country fiat becoming decreasing in value, and worth nothing to dollar now. This type of issue is common in many countries of the world, especially in Africa. That is why many Africans that knows about bitcoin and other cryptocurrencies like ether and litecoin are seen cryptocurrencies as a safe haven. Instead of having their funds in their country depreciating fiats, they prefer bitcoin which is appreciative, but only convert bitcoin to fiat during when they want to spend. |
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Few days ago created a topic about how bitcoin has been the complete version of money, https://bitcointalk.org/index.php?topic=5284117.msg55442126#msg55442126One of the reasons bitcoin is the complete version of money is because bitcoin is an appreciative asset, unlike fiats which are vulnerable to governmental manipulations which makes its value depreciating and makes fiats to be a depreciative assets by nature. Today, is a news on cointelegraph about the co-founder and CEO of major cryptocurrency company Abra who is clearly bullish on Bitcoin (BTC). In an Oct. 23 tweet, Bill Barhydt, CEO of peer-to-peer payments platform Abra, claimed that he has significantly increased his Bitcoin holdings a few weeks ago. According to the CEO, Bitcoin now accounts for 50% of his total investment portfolio. The executive said that Bitcoin’s scarcity is one of the biggest reasons why the cryptocurrency is the best investment option. “As the minting of new Bitcoin approaches zero in the coming years, its value versus fiat will continue to skyrocket in my opinion,” Barhydt said. “Cash, or government-printed money also called fiat, is actually becoming worthless, while Bitcoin’s value remains constant. There will never be less fiat printed than is now. Cash is only going to get more and more worthless.” Abra's CEO purportedly increased his holdings prior to Bitcoin touching new 2020 highs. https://cointelegraph.com/news/abra-ceo-s-portfolio-is-50-bitcoin-as-cash-is-becoming-worthlesshttps://mobile.twitter.com/billbarhydt/status/1319690483367510016?s=20 |
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