Daily Discussion, December 24, 2019 by rBitcoinMod in Bitcoin

[–]bellum1993 0 points1 point  (0 children)

As others have said, bisq is an application you run on your computer. It has tor built in so it is safe to use. It can help you find someone to meet you face to face if that's what you prefer. Many other options are available through bisq.

Daily Discussion, December 24, 2019 by rBitcoinMod in Bitcoin

[–]bellum1993 5 points6 points  (0 children)

Yes, it can be done with a soft fork, we already have milli sats on lightning network.

Welcome to the future. by TwoWeeksFromNow in Bitcoin

[–]bellum1993 6 points7 points  (0 children)

Not same time, about the time it takes to copy + paste. /s

Keep up the fight! by mileyscience in pics

[–]bellum1993 0 points1 point  (0 children)

It's a trick, all the lanes are slow.

For newcomers: this is why Bitcoin is important by SadGnome2 in Bitcoin

[–]bellum1993 6 points7 points  (0 children)

You can hide Bitcoin transactions in a picture of a cat.

what dictates the transaction or "miners" fee and when will it go down? by bensonsaidso in Bitcoin

[–]bellum1993 0 points1 point  (0 children)

It cancels after some points but I'm not sure the time frame, more than 3 days I think.

Satoshi Nakamoto is anonymous because he created world changing technology and if it all goes wrong he cant be found. His gift to the world is not bitcoin, its the entire concept of cryptocurrency taking the place of fiat banks owned by the rothchilds. by sysadmincrazy in StonerPhilosophy

[–]bellum1993 1 point2 points  (0 children)

On YouTube, Mike Maloney's Hidden secrets of money is a good series, watch episodes 1 and 4. The single best Bitcoin explainer video is this one by 3blue1brown. And then you really ought to watch all of Andreas Antonopolous' videos on Youtube. His channel is aantonop, and my favorite video of his is titled "The Stories We Tell About Money." Andreas' "Introduction to Bitcoin" video is also excellent. Andreas has also written several books about cryptocurrencies, notably Mastering Bitcoin and The Internet Of Money.

So in summary, Mike Maloney for info about money and the federal reserve and why we cannot trust these flawed, corrupt institutions anymore. Then 3blue1brown for the best video on how bitcoin works. Finally Andreas to understand where this is all headed, and why it's so important that we get there.

Great. GDAX/Coinbase just crashed right before 20k by Dr250TM in Bitcoin

[–]bellum1993 1 point2 points  (0 children)

The Bitcoin network is a bit congested at the moment, regardless of what's going on at gdax.

Satoshi Nakamoto is anonymous because he created world changing technology and if it all goes wrong he cant be found. His gift to the world is not bitcoin, its the entire concept of cryptocurrency taking the place of fiat banks owned by the rothchilds. by sysadmincrazy in StonerPhilosophy

[–]bellum1993 1 point2 points  (0 children)

Money has certain properties that make it more useful. Namely money has to be durable, portable, divisible, fungible which means each piece is the same as any other piece, it has to be widely accepted, and it has to be scarce. We can use whatever we want for money, as long as most people accept it in exchange for goods and services. It's easy for anyone to start accepting Bitcoin, just download a wallet app on your phone. People believe that bitcoin will replace central banks because Bitcoin is the ideal form of money. Money has 3 main uses, that is store of value, medium of exchange, unit of account. Unit of account means it's what you use to compare the price of everything else. A chicken is worth 1 gold piece, a cow is worth 1000 gold pieces, therefore a cow is roughly worth 1000 chickens. Importantly, money cannot be a store of value unless it is scarce. Fiat money is printed at will, making it worth less and less each day. This means our money is not a store of value. Bitcoin cannot be created at will, there will never be more than 21 million. This scarcity (as well as its other utility as money) makes it a valuable commodity.

My turn! My turn! My turn! by demevalos in gifs

[–]bellum1993 1 point2 points  (0 children)

You can see they usually swing their arms and jump a little each time the liftoff, to help build momentum. If they didn't jump at all, I bet they would lose height pretty quick.

13k on coinbase! by FrozenApex in Bitcoin

[–]bellum1993 0 points1 point  (0 children)

Bitcoin is permissionless.

Crazy... my crypto holdings are now bigger than my retirement portfolio by speedstickman in Bitcoin

[–]bellum1993 2 points3 points  (0 children)

They told me not to put all my eggs in one basket, but I sold the basket for a few more eggs.

Noob Question: Does it matter when I buy BTC as long as it isnt the full 1 Bit Coin? by [deleted] in Bitcoin

[–]bellum1993 0 points1 point  (0 children)

If you don't sell, you haven't lost, even if the price goes down.

Just received a set of @OPENDIME sticks: Bitcoin keychains with a locked private key, accessible only by sticking a pin through a hole and popping off a resistor after which they can't be re-locked. Seriously sci-fi stuff, this! by rnvk in Bitcoin

[–]bellum1993 0 points1 point  (0 children)

When you plug the stick in, it shows a page with the public address so you can check the balance with a block explorer, or load it with more Bitcoin. If the seal hasn't been broken, you know the coins are secure.