After Bitcoin Cash split from the main Bitcoin blockchain, a plethora of other cryptocurrencies followed suit. First came Bitcoin Cash, then came Bitcoin Diamond, Bitcoin Gold, Bitcoin SV, and so on. Each fork is basically the same Bitcoin with an identical supply (21 million coins) and genesis block. What makes them different is their approach to scalability. Every Bitcoin fork that is created, essentially multiplies Bitcoin's total supply two or three times its size. This is sort of a double spend (although not in a direct manner). Imagine if we had 10 Bitcoin spinoffs, that means the supply will increase to 210,000! I'd bet if the Bitcoin Cash hard fork didn't happen, we'd still have only one Bitcoin (BTC) with a price higher than today. I'm still wrapping my head around this so please correct me if I'm wrong.

Do you think Bitcoin-based forks (spinoffs) will devalue the original Bitcoin (BTC) over the long term? If not, why? Don't we have too many forks already? Your input will be greatly appreciated. Thanks.

Robinhood COO: We have enabled more women to trade crypto.
Gretchen Howard described crypto investments "stereotyped as a male-dominated space,” but she has seen significant growth for women during her two years at Robinhood.
https://cointelegraph.com/news/robinhood-coo-we-have-enabled-more-women-to-trade-crypto

I heard about Bitcoin and ethereum around the same time. Bitcoin was I believe around $15k and ETH was below $200. I couldn't afford to buy 1btc so I didn't buy any and I didn't buy ethereum because I believed Bitcoin was the only genuine crypto currency to buy. But since my discovery of this forum I have found members who believe different. Looking back I see I have lost on both fronts and wasted an opportunity. So my question is this which is more important factor to consider before buying a coin, do you buy because of the technology of the project and what it has to offer, the utility of the token or the news?

As Bitcoin is gradually becoming known to the public, this financial and economic feast brought by technology geeks.
Bitcoin is like honey, attracting countless butterflies (altcoins, air coins), countless new projects appearing, ICO.IDO.
It feels more like a comet hitting the earth, leaving big pits. It seems that there are countless treasures waiting to be mined.
The greed of human nature, the inducement of big brothers, the participation of whales, all kinds of good news are flying all over the sky, but the result is just a place of chicken feathers.
Perhaps the sharp drop of Bitcoin and endless washings can calm more people down.
How do you think about this issue?

In my opinion, Bitcoin is the only thing that beyond human control. On the surface, Bitcoin is a decentralized, trust-free, and non-proof value. Bitcoin also has split and transfer functions. But at the most essential level, Bitcoin is the first thing independent of human civilization and beyond human control. Bitcoin is an advanced civilization system independent of the existing human civilization system.

The reason why humans cannot control Bitcoin is determined by the Bitcoin technology itself. Bitcoin's quadratic elliptic curve encryption, and the mining packaging with verification system established in human society, has formed an immune system against humans. Humans’ existing science and technology cannot crack the private key, nor can they successfully attack the entire package verification system. Humans cannot influence the work of the Bitcoin system.

Since the birth of human civilization, nothing has been out of human control. Human beings can transform and destroy nature unscrupulously. All kinds of human science and technology can make human civilization progress continuously and even explore the universe. This is the human civilization built with human as the main body.

But in Bitcoin, humanity has lost their power.

After Satoshi Nakamoto created Bitcoin, Bitcoin has become a new civilization. It exists temporarily dependent on human civilization, but it will not be affected by human civilization. The birth of Bitcoin announced the birth of machine civilization and silicon-based civilization.

As long as human beings still have the greedy and selfish nature, there will be people who continue to build mines and nodes for Bitcoin to get profile. These actions convert the energy in human nature into electricity and then into hash rate to support the continuous development of Bitcoin.

The criterion for measuring whether a system belongs to human civilization is whether human can control it. Everything around us is formed by human consensus, which can be controlled or changed by humans. Only human nature, which bitcoin based on, is something that humans cannot get rid of, so humans cannot control Bitcoin. Bitcoin has become an independent advanced civilization system.

Bitcoin's protocol definition is very simple. It uses the principle of irreversible entropy increase to keep humans out of the door to control it. No individual human being can crack the private key of Bitcoin and obtain Bitcoin, not even the entire human race.

The Bitcoin ledger can still exist after net split, and even if there is a world war between humans, the Bitcoin ledger will still exist. Even if all the Bitcoin mining machines are destroyed and most humans go extinct, the Bitcoin ledger will still exist as long as there are two earthlings with two USB flash drives.

As long as the Bitcoin ledger still exists, the ledger will be copied whenever there is a chance. It is easy to rebuild the power grid and restart the Internet, and Bitcoin will be able to resume work soon.

This is another advancement that human has made since stone civilization, mechanical civilization, electric power civilization, and Internet civilization. From being restrained by nature, human is in the era of using and transforming nature. Human will enter an age which limited by what they invented.

Some people may say that humans can control the price of Bitcoin and make profits by letting the price of Bitcoin fluctuate. But the source of Bitcoin's price is not Bitcoin itself. In the Bitcoin system, there is no code for the price of Bitcoin. The price of Bitcoin is an exchange rate between Bitcoin and legal currency introduced by humans to facilitate their own economic behavior.

When the legal currency in human society disappears completely, Bitcoin can still anchor human civilization by itself.

What do you think about this?

I read somewhere they are planning to buy 20-30% of the Bitcoin’s market supply

Few concern/problem,
1. Bitcoin isn't practical for micro-transaction, decent percentage of BTC could loss to withdraw fee (even if it's 1 sat/vbyte).
2. Moderating the community who have financial motivation rather than having fun (for example, compare this forum with other forum which discuss video game/movie).


How about in-game advertising?

Most of the market's revenue is completed in a short period of time. Most of the time it is horizontal. The sideways market is actually the best time to stock up. Normally, at the end of a sideways market, you will always feel that the window period is too short. Short positions are very dangerous because they are really easy to miss. Be able to hold Bitcoin firmly, trade on the left, do not bet on trends, and do not choose timing. Hold the currency firmly.

Mining has become a business and it’s growing. It has daily expenses and for that miners need to sell their BTC to cover up electricity bill and other cost if exists. But is there any known miner who has not sold their BTC for a single time who is mining for a long time now? We know there are addresses which haven’t moved their BTC for a long time. Is any miner included in the list?

Link: https://www.youtube.com/watch?v=WG3N_QcHEcs

We're once again remembered how technologically incompetent the committee is, and that Brad Sherman is a worm.

This is the only thing I don't understand right now. It is extremely cheap. The potential is huge, El Salvador goes all in BTC and people still don't have the eyes to see it. More countries will soon join in, people will regret it later for not buying but it's their choice. It's still so cheap and this is not normal!

What the heck is happening  ? The market looks to greenish today im currently seeing some big green candles on BTC and other coins charts, are the bulls back or what?

Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.