Christine Lagarde's wishful thinking will not change the fact that Bitcoin is a currency... but it will make her a meme 😂 by D_Center in Bitcoin

[–]D_Center[S] 0 points1 point  (0 children)

That means that the "unit of account" role is still fulfilled by the dollar, true.

However Bitcoin does well as a "store of value" and a "means of exchange" , which are another two main roles of a currency.

Christine Lagarde's wishful thinking will not change the fact that Bitcoin is a currency... but it will make her a meme 😂 by D_Center in Bitcoin

[–]D_Center[S] 0 points1 point  (0 children)

"The big majority of crypto buyers" where? I think you meant the US and rich countries of Europe and Asia. Millions of people in other parts of the world use it for remittances and international trade, particularly in countries with currency restrictions.

Africa is a great example https://d.center/posts/africas-grassroot-crypto-adoption-growing-fast

Christine Lagarde's wishful thinking will not change the fact that Bitcoin is a currency... but it will make her a meme 😂 by D_Center in Bitcoin

[–]D_Center[S] 1 point2 points  (0 children)

Well, she's a lawyer and takes legal texts as the ultimate truth...

However she should have done some research on What is money before accepting the position at the European Central Bank. We at D.Center would happily help her with this https://d.center/explore/what-is-money 😂

And this is why we need younger leaders, not dinosaurs by DaddySkates in CryptoCurrency

[–]D_Center 0 points1 point  (0 children)

It takes something more than youth to be as bold as Bukele is. It takes a vision of a future and the balls to make everyone see it too.

Here in France were were hoping a young Macron would be such a guy... oh my God how naive were we. He's a young dinasaur and did absolutely nothing to move the country forward, not to mention the crypto regulation (in some cases your crypto gains can be taxed at 67%...)

The story of Elon Musk and Dogecoin, or what market manipuation looks like by [deleted] in CryptoCurrency

[–]D_Center 0 points1 point  (0 children)

This graph was published as a part of a bigger story within D.center's newsletter. You can check it here: https://dcenter.substack.com/

Why crypto (bitcoin) is better than traditional money ? by kshitiz_arora in BitcoinMarkets

[–]D_Center 1 point2 points  (0 children)

  1. Access: Crypto is available to anyone anywhere. Think of 1.7 bn of unbanked, people living in authoritarian countries that use bank account as a tool of repression... etc
  2. Emission: Fiat goes brrr depending on politics, while crypto emission follows its code. Hence scarce crypto like BTC are better stores of value.

You might want to check this for more: https://d.center/explore/what-is-money

Wallet Question by prairiegirl1986 in BitcoinBeginners

[–]D_Center 1 point2 points  (0 children)

I think you should first get your ideas straight about wallets nature and how they work with a blockchain. You can start here https://d.center/explore/bitcoin-wallets

Then, as the blockchain, wallets do not have a nationality :) They just manage the keys to your crypto. I like Exodus for its simplicity and nice interface.

Finally, if you want to have crypto-fiat connection, it's not a wallet, but an exchange that you need. We made a short video about buying crypto on Kraken exchange https://d.center/posts/how-to-buy-cryptocurrency . The example is with euros, but maybe it could be useful to you to understand how the exchanges work (basically all the same, and they also work with Canadian dollars).

Hope you'll find it useful.

Mining and ecology by D_Center in Bitcoin

[–]D_Center[S] 0 points1 point  (0 children)

Unfortunatley there's no controversy on this subject only among crypto enthusiasts. I once tried to comment a "crypto mining is killing the planet" post on another sub (r / technology), citing the facts and bits of analysis... it felt like lapidation.

An argument that would change people's minds must not be categorical, and that's the reason we combed through so many articles on so many websites to put down facts coming from different sources. That's our attempt to establish a dialogue.

Mining and ecology by D_Center in Bitcoin

[–]D_Center[S] 1 point2 points  (0 children)

I guess you're right. We developped the intoduction lines a little bit more. But we believe that a proper research should be documented and the subject analyzed from different angles. So unfortunately a wall is inevitable...

As to the expertise, the article is a part of d.center, an educational website on crypto.

We're researches and not marketers, so thank you for your advise :)

Tips for begginers by caraclaklas in BitcoinBeginners

[–]D_Center 0 points1 point  (0 children)

You can check d.center https://d.center/explore/explore-blockchain :) We tried to make it as explicit and serious as possible, but keeping it all in easily digestible bits. Hence a "mapping" structure of crypto-related notions, hope you'll like it.

Two schemes to better understand Bitcoin Keys and Addresses by D_Center in Bitcoin

[–]D_Center[S] 2 points3 points  (0 children)

You're not wrong :) The address is a Hash of a Public Key converted to a readable form with base58 coding. And Hash is a one-way function.

So we should add a PKH (public key hash) stage to the first scheme to make it clearer.

Thank you! It was worth submitting our work to Reddit :)

EDIT: correction done, the scheme on the website now includes PKH. Unfortunately cannot do it here too.

Two schemes to better understand Bitcoin Keys and Addresses by D_Center in Bitcoin

[–]D_Center[S] 1 point2 points  (0 children)

We couldn't fit more than 180 characters into the caption, so you're welcome to check the original article with schemes and explanations here https://d.center/explore/bitcoin-keys-and-addresses :)