/r/Bitcoin
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.
If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:
Sorted roughly by decreasing popularity.
Non-Bitcoin communities
Bitcoin Forum
Bitcoin Stack Exchange
Bitcoin Magazine
Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.
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/r/Bitcoin
Miners could've been called hash machine or hashmesh for short. What a wasted opportunity.
This is why we Bitcoin
This is a daily occurrence in many parts of the world
Gangs take a “cut” of workers already small earnings
Is it possible to import an xpub via QR code into nunchuk from sparrow?
I have tried but the nunchuk mobile app doesn't read the QR code.
How many of these posts do you guys think are here to generate FUD, and/or are generated by Chat GPT?
I recently noticed that one of my old friends from high-school was posting about bitcoin investments on Facebook.
When I asked him about it he told me it was a bitcoin investing program and that I could make up to 300% return on my investments. I bought $1,000 of bitcoin and sent it to an address that he provided through cash app.
Everything was going good until he told me to make another investment of the same price 2 hours later, saying that I would lose 30% of what I had already invested if I didn't.
At this point I told him I wanted out and to give back the bitcoin I had given him. He told me in order to get my original return and the earnings from my investments (claimed to be over 3k) I would have to give that other $980 to that same address via cash app... so I did lol.
Of course this was a mistake as he told me that he was unable to process the transaction and instead would invest this further.
When I asked later he told me there would now be a withdrawal fee of over $500 in order to get back my bitcoin.
Full disclosure, I am financially fine here. I will not be losing my apartment or anything in this situation. The problem is that this is clearly not my friend and is someone who is using his profile to scam people.
Am I an idiot... sure, but if this had legitimately been my friend from high-school and it was actually him trying to start up his own bitcoin trading platform of course I would invest $1,000. I would do that for any of my friends who are trying to start their own business. So an idiot yes, but a good one lol.
I have tried to report this situation to cash app, Facebook, and my bank via the app they provide all with little to no success. Tomorrow I will go to my bank in person.
My question is, are there any other steps I can take to actually report this individual? Should i go to the police? I want to insure he is not able to use my friends profile to scam other.
Hi I want to buy bitcoin using my PayPal, can you recommend any play form
The title. Why does this thing take days at normal internet speeds?
Literally, I'm 3 days in and have 5 years of download left.
Anyone else experience this?
The project goal is to have the more complete database of Hardware & Software Wallets features, so they can be compared, helping users to choose wisely. The database is open-source, meaning anyone can collaborate to improve and correct any wrong data or add new wallets.
https://github.com/thebitcoinhole/hardware-wallets
https://github.com/thebitcoinhole/software-wallets
Ok so I'm sure there will be many posts like these out there, just need some latest advice.
As the advice went, make multiple copies of wallet. So I found that to be in my backups (copy paste of folders everywhere). There's probably 0 btc but to be safe before I do a fresh install of windows.
I got the bitcoine core from github. Initially pruned blockchain. Now did the unpruned version. It won't open wallet if I just drop wallet.dat into the directory.
So use the restore wallet option and give it a name. This allows it show it under 'open wallet' with the name I gave it. However btc core takes life to say it's opening but it's not just a green loading bar. Any advice?
I will post an update if I get into the wallet.
EDIT: this worked and 0 balance. scammers don't pm me lol
My only gripe with the Jade is entering the passphrase. It takes me 3-4 minutes, the navigation is slow and can be laggy, resulting in skipping past the character you want.
This is made worse by having to navigate to the character switch button every single time you want to change, and why it takes me so long.
The forward/back dual button at the top can be pressed inwards, but it doesn't do anything - make pressing this down switch which characters are displayed, instead of having to go back or forward through the characters to reach the button to switch to uppercase/numbers/special characters, it would speed up the process massively.
Hoping a firmware update addresses it and hopefully also makes navigating through them more responsive and a bit less laggy.
Thanks
While I am sure that most of us here are deep down the rabbit hole and know how important it is to self custody your bitcoin, I wonder if average folks are ready for the responsibility? Many of my no-corner acquaintances complain that bitcoin is too risky for them because they don't trust that they have the nous look after it properly.
I look around and see too many folks blind and asleep to how dystopian the socio-political landscape has become.
I am sure the numbers of those of us awake to the corruption of our institutions continues to grow, and maybe folks will wake up like an avalanch at some point but that time does not seem to be right now.
I live in america. If I receive and sell bitcoin to USD, which exchanges are the best for receiving money ASAP?
I use crypto.com and I always get the money in 1 business day but their spread on sells are awful. I've heard kraken doesn't charge big fees but will I get the money in 1 day?
Alright so I been researching and i am not convinced by the hardware wallets and anything that touches the internet at anytime (paranoid, plus my pc and phone have a lot of cracked software and apps)
I will just get a new usb, get TailsOS, use electrum to create the seed phrase, write it down and save it properly, everything offline. I will mostly have access to the plublic master key, which i can use to see my balance, if I want to spend it I will have to use my recovery phrase and then be online (i may just send everything to a new cold storage and only keep what I want to spend on the original wallet that now has become hot wallet)
Is there anything I am missing from my idea regarding security?
Any other options you would suggest instead of this one?
Is there anything you could try to do to hack a wallet with a master public key?
So my old coldcard MK 4 went kaput, so coinkite graciously sent me another. My issue is that via the Nunchuk app, I have a decent chunk of BTC I want to move over to my multisig acct. How can I do this if I was using my defunct CC MK4 as a signer, even though it’s non-operable? Is there a way to sign the transaction in Nunchuk via my seed phrase? Please help and thank you!
Our mission is simple: To support Bitcoin adoption globally.
We're doing this by providing transparency through customer reviews on our platform. We've already partnered with major Bitcoin companies, and are constantly looking to improve our website and the content we provide.
We also pay you 200 sats per review that you can withdraw to your own wallet.
Please let us know what information about Bitcoin and Bitcoin companies & products you're interested in.
Thank you! :)
As far as keeping track of BTC buys for tax purposes in the US should I be tracking the whole purchase (ex - weekly DCA $30) or tracking the purchase not including fees (ex - $29.40) or am I supposed to be tracking it by sats (ex- .0003… BTC). Plan on holding it in BTC for the long-term, but want to track with FIFO in case anything comes up that would have me tax liable for a withdrawal.
If I don’t withdrawal any BTC do I still need to declare it when doing taxes?
I’m a student so I typically get a full tax refund and have very little to worry about other than uploading w-2s. I’d hate to get around to tax season a year from now and realize I have no idea what I’m doing so I’m trying to get ahead of it. I could be totally overthinking this.
Any insight would be great, thanks!
I just realised that soon saying you own bitcoin will make you you sound old AF.
Growing up every kid comes across an older adult who says things that make them sound ancient. When I was young I was once in a car with my older aunty and she said turn on the wireless. What the fuck is a wireless? The radio. Oh ok why on earth do you call a radio a wireless. It made her sound like she was from world war one.
Theres so many examples of this in daily life. Some older people still refer to the internet as the world wide web because thats what everyone called it in the 90s.
Right now we have this luxury of refering to whole bitcoins but that wont last forever. Soon one bitcoin will be worth so much the only way to effectively refer to amounts of bitcoin will be using sats. Sats just makes so much more sense especially when one bitcoin is above $100k.
Once sats become the main currency term used bitcoin or bitcoins will no longer be used when talking about the currency. Bitcoin will be the name of the network and sats will be the currency everyone owns and uses.
You will ask a kid in 2035 if they have bitcoin and they will say I dont have bitcoin I have sats. Looking back there will have been this tiny initial 15 year window where we all called the bitcoin currency "bitcoins" but after that initial window for the rest of bitcoins existence the bitcoin currency will be called sats by everyone on earth.
In 2035 if you say you own bitcoin or you want to pay using bitcoins kids will laugh at you and tell you that you sound old AF. Everyone will save sats, pay with sats, transact with sats, use sats, send sats, and tip sats. The name of the network will be bitcoin but the monetary unit will be known by everyone as sats not "bitcoins" and if you try to use the term bitcoins you will be considered ancient and out of touch.
Once one bitcoin (sorry, 100 million sats) is worth more than $100k im going to stop saying bitcoins and im going to only refer to the monetary unit as sats from that point on.
Bitcoin is the name of the network, sats is the name of the money.
I have two general admission Bitcoin Amsterdam tickets for sale. Won them off a contest on twitter so willing to sell each ticket for $200 USD or 750,000 sats(0.0075 BTC). Can send you any info you need to assure you they are legitimate.
Why is there a hype for a Bitcoin ETF when more than one already exists in Canada?
Yes it made the price of Bitcoin go up but that was back then when say during the bull market
I get that the US market is bigger, but I assume that Americans have access to these ETFs, just like Canadians have access to stock exchange in the US.
So what is different that will make Bitcoin explode (not my words)?