Depends. If everyone wanted to do it at the same time, it would be the same thing as everyone suddenly selling all their TSLA stocks. It'd dump to the ground. If everyone wanted to do it but progreasively, it might not mean a huge dump is incoming. Remember that for any sale there is a seller and a buyer. It's not like you claim USD for Bitcoins and then throw your BTC to the trash. No. You sell it to someone else who believes in it.

Why? Sometimes miners don't even earn as much as they pay for the electricity & hardware.

Because the world functions on fiat right now and it can't be a currency or a store of value if it has no real value. Value is currently measured in fiat, so.. it's kinda logic from here.

If you call this a pyramid game, then I suggest you read about Bitcoin because it's quite clear you don't understand it. Your messages are coming due to your own fault. Giving away personal information for free ends up exactly like this: your data is being sold to someone else or leaked by some hackers who obviously have no good intentions but to do phishing on you.

Whether we like to admit it or not, there are only very, very few out there who truly don't care primarily about the fiat value. Some of the real OGs of Bitcoin have been this way, but many of them have turned into fiat-hoarding investors as well. Fiat is what allows you today to survive in our current world, so it's normal to see lots of people looking for it.

I think in fact the % of people who hoarded fiat before vs the % of people who are hoarding it today is not very different. It's our nature, to say so. The biggest (and I think the only?) disadvantage is that these guys don't care at all about the changes in Bitcoin's protocol or government rulings for real. What this results in is that most surveillance/shitty laws get passed just because the average Joe doesn't care about it as long as it makes Joe's wallet grow.

One of the biggest advantage is that these guys are usually weak-handed, so whenever the market drops the weak ones get shaken off and when the markets grow back up they're hoarding again. It's an almost infinite cycle of potential profit and possibilities to re-enter the markets from a lower price.

I think that the more Tor users there are, the less weird it would be for authorities to know you're using it. If I was among the very few to want to own a gun in Europe right now, I'd be considered weird. But if 50% of Europe's citizens suddenly wanted to own a gun, things would change.

About identifying you through other means.. if we ever get to that point, I think we'd have way bigger issues to deal with and the first and main one would probably be your own family's safety. If they ever trace down citizens through highly intrusive methods, then it is time to abandon everything on the digital side if you want to have a bit of privacy again. At that point, having your transactions and history watched & analyzed is the least of the problems.

A very interesting food for thought. Yeah, we're definitely going experimental with every single new addition. Anything new could turn into opposition or support from certain parties, and stuff like SegWit is definitely a new atmosphere, a new environment and a new experiment. Thanks for your input. If so, since Bitcoin can be easily changed by just modifying its codelines unlike for example physical materials such as lead or gold, it might in fact be experimental at all times and will be even 100 years from now.

Da, ce-i drept.. momentan ne dam doar cu parerea Insa ma gandesc ca daca era o rezerva in spate, exista informatia asta si public. Despre SUA gasesc chiar pe paginile lor ".gov"; la noi informatia pare sa lipseasca.

Buna explicatia cu bank notes, nici macar o secunda nu m-as fi gandit la explicatia ta. Am nevoie de mai multa gandire "out of the box" cineva sa ii dea va rog lui Neurotic 1 merit din partea mea, ca eu am ramas fara.

Intr-adevar, costul de productie al biletelor noastre (niciodata nu am inteles de ce sunt inscriptionate ca fiind "bilete"?) este extrem de mic (si o mare tzeapa, daca e sa ne gandim un pic realist) comparativ cu valoarea nominala. Acum hai sa ne gandim la faptul ca administratia lui Biden s-ar putea sa produca o moneda de platina cu valoare nominala de $1.000.000.000.000. Imaginati-va costul de productie (presupun ca va fi o moneda de 1, maxim 10 oz) versus valoarea nominala in cazul acesta. Sau .. bancnota de SGD 10.000 din Singapore, adica ~31.200 RON la rata de azi (bancnota care acum nu mai e in circulatie)..

Insa din nou, am cautat de mai multe ori care este motivul pentru care bancnotele noastre au urmatorul text inscriptionat pe ele: FALSIFICAREA ACESTOR BILETE SE PEDEPSESTE CONFORM LEGILOR. Daca stie cineva, sa ma ilumineze!

@NeuroticFish nu cred ca RON-ul are backing in aur. Poate zic prostii, dar nu cred ca mai este vreo tara (si daca este, e printre putinele) care sa aiba asa ceva.

Da, am vazut desi uitasem absolut complet de tweet. Ar fi interesant sa incerce cineva de aici pe bune experimentul si sa vada daca functioneaza

Subscriu. Majoritatea dintre ele sunt efectiv desene pe care "the average guy" ar putea sa le realizeze in maxim 5 minute cu un mouse stricat si nivelul basic de intelegere GIMP/Photoshop/Paint.

Apoi, mai e un lucru: am impresia ca preturile pot fi manipulate cu mare usurinta. Ai $100k in ETH, creezi un NFT "rar" pe care ti-l "vinzi" tot tie cu $15k, apoi cu $100k dupa care astepti sa vina victimele care au falsa impresie ca "opera" ta de arta valoreaza minim $100k la cateva zile/luni dupa lansare. Cred ca foarte multi vor pica prada unor astfel de strategii cu usurinta.

Decentralized exchanges such as Bisq, Pancake or so. Pancake is easy to use and BNB is supported heavily. You can use bridges as well. Moving from ETH to BNB through bridges and then trading tokens through Pancake is easy peasy.

When the price increases, there are many who buy in the hype. That makes the mempool clog up and therefore the transaction fees increase since most of them want quick confirmations. What happens is quite natural then however: as long as people consider the fees are too high, they stop transacting and fees decrease. If you feel like .10c is too low and you afford to pay .12c, you will help with the increase of fees.

It's just a natural order in a decentralized world, although I would argue that the rich have a huge advantage over us since they will always afford to pay larger amounts for transactions.

Almost everyone I know who bought during hype got shattered afterwards. Very, very few buy during hype and wait very long until the price recovers (if it ever even does). Perhaps a dip is a better strategy, at least in my case it always has been.

Say Bitcoin is easy to hack and I'll instantly know how much you know about cryptocurrencies. Someone so ignorant to instantly push away Bitcoin due to something they never even researched would probably have a hard time being convinced otherwise anyway.

I'm not sure if the "security" of Bitcoin lays in the tech itself or there simply are no (big) flaws within the codelines themselves though. They are two different things as far as my knowledge tells me. Any input from a programmer/BTC dev would help

The entire world has been that way. Speaking from Europe, there is not much hope left for our freedoms and rights either. They all seem to be on the edge of extinction.

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This is insanity. It seems like someone is so desperate for everything we do to be under constant, continuous control. What this will turn into is the splitting of crypto users into those who are comfortable and do not care and those who do and are now considered terrorists/criminals. The fact that not giving your personal information about yourself and having privacy is rapidly turning into a crime is scary as shit. 1984 knocking on our doors, they're thirsty for your data and they will do whatever to own it and use it to their own agendas..

I could probably say the same: I did not expect our governments to make me realize how important privacy is due to the surveillance they implemented. It's a bad thing though, if you look closer at it. You can use DEXs maybe, but you'd be doing something illegal and not many know how to use DEXs or a PC at all without exposing their history and having the government take a look at it. What happens now is, some people will avoid crypto at all, some people will use DEXs successfully and some others will unfortunately make mistakes and be caught.

They said there are >2m active users, so I think is safe to assume they are solely El Salvador citizens. If they have a usercount, I guess they also have them categorized by geographical regions. And then, I don't think there'd be even 100k users outside El Salvador who'd be interested in checking the app out imo..

They'd be left with no choice if Bitcoin starts being adopted in smaller countries. USA being left out means losing money over the long term.

Agreed, definitely! Satoshi's decision to leave was the greatest thing he could probably do to Bitcoin. He left a community that would grow on its own rather than a currency that only grows as long as the fixed team behind it sits down and works hard. This is why BTC will probably never be defeated. We're doing all the stuff on our own, we don't need to be paid by someone to do so.

Wow. More users than any bank in El Salvador? That sounds insane and if it's true and all users are legit, it's big news! Are they really that unbanked or is Bitcoin just gaining so much attention over there?!

I personally think these trends start rather randomly and getting in as an "early bird" is more about luck than knowledge or anything else. From my own experience, these trends usually start quite parabolically after some news probably not even the early birds would've expected to launch.

But strictly regarding the technology itself, I just read as much as I can and through critical thinking I can find out whether it's worth putting my money in it or not. The key here is finding good coins with new and innovative tech that have not become trendy yet. If you can do this, you can be thousands of steps ahead of the game.

Would help with adoption, but I don't know how much it will. It's not like if Twitter accepts BTC everyone suddenly starts buying BTC and sending it around. It might help get a few interested in Bitcoin however - and those who want to send money might be considering it in the future. Until we get to many millions using Bitcoin through Twitter though... there's a very long way to go.

Bitcoiners can already share their thoughts through Twitter. They've been able to do so for many years, so that's nothing new.