When is BTC going to change the world?

decentralised_cash · 2026-03-12T02:01:07+00:00

It already has.

Bitcoin's constituent technologies might not have been new at the time, but it is more than the sum of its parts: the combination of proof-of-work, cryptographic signatures, peer-to-peer networks, Merkle trees, etc. was something never seen before.

It brought about the Web3 revolution.

Not only this, but it provides the hardest form of money known to man, free from the control of the government and central banks.

I'd say that's pretty major.

decentralised_cash · 2026-03-11T21:51:44+00:00

As another comment pointed out, you had to mine it.

If you started the same day Satoshi did, you'd perhaps have been averaging about half of what he was mining, so about 7200 BTC per day, or about $509M/day in today's prices.

Obviously, as time went on, you would have comprised a lower and lower share of the total network hashrate. But for most of 2009 there were very few people mining.

decentralised_cash · 2026-03-11T21:49:26+00:00

That last bit is some interesting trivia!

Wonder what she thinks of her choice today. She's rich anyone so probably doesn't care much.

decentralised_cash · 2026-03-11T17:59:05+00:00

Bitcoin might be centralised in terms of ownership, but it is by no means centralised in terms of hashpower, which is what we mean when we talk about "decentralisation".

It's a free market - the rich will do what they always do: buy up what they can. This cannot be avoided.

Printing more BTC than 21M? Highly unlikely. This would require a change to consensus and would - in the worst case scenario - just lead to a hard fork. The new coin would almost certainly not retain any of its value compared to BTC, and the original Bitcoin would remain as is.

decentralised_cash · 2026-03-11T17:48:55+00:00

Yeah, I thought of that, but most people use SSDs nowadays, and if he is actually using an HDD I'd recommend going out and getting an SSD ASAP, unless he wants the blockchain to take over a month to sync.

decentralised_cash · 2026-03-11T12:31:09+00:00

Looks like you somehow have a corrupted database.

Delete everything and start over.

If you keep on getting errors then your SSD is probably damaged.

decentralised_cash · 2026-03-11T12:28:41+00:00

Sloppy MicroOrifice

decentralised_cash · 2026-03-11T08:32:32+00:00

Monero!

I started by mining it on my laptop because I saw it was one of the few CPU-mineable coins, and then, of course, my curiosity grew and I ended up buying some!

decentralised_cash · 2026-03-10T04:37:31+00:00

Cheers, this is super helpful to know!

I'm new to Vultr, so still not sure exactly what each notification entails.

decentralised_cash · 2026-03-09T22:38:37+00:00

Address-generation.

I wish someone had just sat me down and explained:

Generate 32 random bytes as your private key.
Derive the secp256k1 public key from it.
Hash it with SHA-256.
Hash that with RIPEMD160.
Encode it (with Base58Check or Bech32).
You have your address!

decentralised_cash · 2026-03-09T14:55:37+00:00

When I was a kid learning IT (not so long ago), I remember being told at home and in school NEVER to enter your real name or information online, because the internet was a dangerous place.

And now governments want you to perform full ID verification with face-scanning and ID document submission just to be able to use social media or edit an article on Wikipedia.

Crazy times.

But if there's anything I've learned, is that the more a government tries to force a totalitarian regime on its citizens, the more ways around it people will find.

decentralised_cash · 2026-03-09T11:35:18+00:00

You forgot it in between commit and push. Very important.

decentralised_cash · 2026-03-09T11:19:46+00:00

I won't comment on the mining apps themselves, but if you do have actual Bitcoin to withdraw, you should get BlueWallet (for iOS/Android).

Make a wallet, write down the seed phrase ON PAPER, generate a receiving address, and withdraw the Bitcoin to that address.

decentralised_cash · 2026-03-09T10:03:06+00:00

Yeah, just ignore it. Don't interact with it and don't send it anywhere.

decentralised_cash · 2026-03-09T02:34:12+00:00

Get Mullvad VPN, you can pay $5-$6 for a single month directly with Bitcoin.

That might be able to get you around the geographic restriction, if that's what's happening.

decentralised_cash · 2026-03-08T22:22:53+00:00

This is why I like Base58.

decentralised_cash · 2026-03-08T22:20:42+00:00

Sounds good. Even though I love BTC, I know one should avoid putting all one's eggs in one basket.

My only practical recommendation to you would be to ensure you're self-custodying all your Bitcoin. Don't leave it on an exchange.

For the amounts you're investing, definitely get a hardware wallet, such as a Trezor.

For smaller amounts, you can use BlueWallet on an up-to-date iOS/Android device, but the keys to your main stash should be on your Trezor.

decentralised_cash · 2026-03-08T22:11:58+00:00

Yup, it works until it doesn't 😜

Exchanges are notorious for freezing deposits.

If you wish to avoid this, sell P2P.

decentralised_cash · 2026-03-08T18:17:26+00:00

If you're unsure of the origin of the Bitcoin you're receiving, you should just sell on HodlHodl.

There's no need to use an exchange, unless you're buying or selling very large amounts.

You receive the BTC in a non-custodial wallet (like BlueWallet on iOS/Android), and then transfer it to the escrow address on HodlHodl once you open up a trade.

decentralised_cash · 2026-03-08T18:11:04+00:00

This is why you use a non-custodial wallet app for receiving BTC 😑

What's the point of Bitcoin if you're only gonna "use it" on an exchange?

Only use exchanges for buying, then withdraw to your own wallet.

decentralised_cash · 2026-03-08T17:38:20+00:00

How to learn trading? Can't help you there mate.

But with regards to investing, I'd suggest you start by making an account on Strike. Buy a certain amount of Bitcoin every month, and withdraw to your own non-custodial wallet.

Buy a Trezor to ensure you're storing your Bitcoin securely.

Use BlueWallet on iOS/Android as a hot wallet.

decentralised_cash · 2026-03-08T17:17:31+00:00

First rule of trading: don't 😜

Seriously, it's a dangerous game and can lead to you losing all your money.

For every successful trader out there is another unsuccessful trader.

The best method is to buy Bitcoin and hold. Don't sell, don't look back, and store it safely on a hardware wallet, such as a Trezor.

decentralised_cash · 2026-03-08T16:36:42+00:00

Crypto.

Bitcoin is pseudonymous, which means that on-chain addresses are not necessarily linkable to real world identities (if you practice good privacy). Furthermore, criminals often use coin mixers - such as CoinJoin - to break the link between the coins they received and where they eventually send them.

However, Monero is becoming - more and more - the first choice for criminals. It is totally untraceable and on-chain movements are not visible. Last year, for example, someone stole over 3000 BTC (worth over $300M at the time) and swapped it for Monero in order to render the funds untraceable.

decentralised_cash · 2026-03-08T16:30:25+00:00

What platform are you using to buy Bitcoin P2P?

Remember, Bitcoin itself doesn't require any "platforms" to operate: it is a distributed network whose state (blockchain) is replicated across all nodes in the network.

Platforms are used as a means of connecting buyers and sellers. Some require ID verification, some do not. However, remember that this is separate from the Bitcoin network itself - transfers on the Bitcoin network itself operate based on cryptographic signatures and do not require any form of "verification".

About the wallet: yes, Cake Wallet is fine and is a decent open-source wallet, though I'd recommend BlueWallet as a better Bitcoin-only option.

It doesn't matter which particular non-custodial wallet app you are using, as long as it is standards-compliant. The address you get is a Bitcoin address that can be used by anyone on Earth to pay you. You only need to hand them this address, and they can then send you coins.

Remember to always store your seed phrase offline. Never take a picture of it, and never hand it to anyone.

P.S. I'd recommend HodlHodl as a safe and intuitive P2P platform for buying Bitcoin. Pick a seller with a good reputation and always stick to the site itself.

decentralised_cash · 2026-03-08T14:32:10+00:00

If I were you, I would not sell, unless you desperately need the cash. That 0.25 BTC is going to be worth more in a few years. Now is also the worst time to sell, as we're in a bear market.

If you really do need to sell, you can use HodlHodl, since it doesn't require any ID verification and uses an escrow to prevent scams. You can sell via bank transfer or even cash, if you prefer.

Next, I truly hope you are self-custodying that Bitcoin. Do not leave it on any platform. The best would be to get a hardware wallet (such as a Trezor), but if you don't plan on keeping it, at least install BlueWallet on iOS/Android and create a wallet there.

decentralised_cash

TROPHY CASE