/BTC/ Bitcoin General

[Anonymous No.54962255]

Welcome to the Bitcoin General, dedicated to the discussion of the world's leading decentralized P2P cryptocurrency!

>White Paper (October 31, 2008)
https://bitcoin.org/bitcoin.pdf

OFFICIAL WEBSITE - bitcoin.org

Bitcoin Redpill:
https://www.youtube.com/watch?v=6pWblf8COH4
https://www.youtube.com/watch?v=LszOt51OjXU
https://www.youtube.com/watch?v=PVo5wCSnmSs
https://www.youtube.com/watch?v=HUpGHOLkoXs

>Bitcoin Stats:
statoshi.info
mempool.space

>Bitcoin Vocabulary:
bitcoin.org/en/vocabulary

>WHERE TO GET BITCOIN?
buybitcoinworldwide.com
Morphtoken
Bisq
Kucoin
Tradeogre
BitQuick
Hodl Hodl
Local Bitcoins
Paxful
Crypto ATMs
see: kycnot.me

>Mining
bitcoinmining.com

>HOW TO STORE Bitcoin?
Desktop/Mobile:
bitcoin.org/en/choose-your-wallet

>Guides
https://bitcoiner.guide/
https://node.guide/

[Anonymous No.54962275]

>inb4 muh you stole the thread design
Yes I've stolen the Thread design from the monero general, cope and seethe monerofags

[Anonymous No.54962288]

>>54962255
what's the purpose of the token ?

[Anonymous No.54962307]

>>54962288
It's not a Token, it's a coin.

Also, this thread is still under construction, so post links, books, info material and I will update the thread in the next few days to make it better

[Anonymous No.54962322]

Ahem,
>2012 bullrun: ~500x ($2 to $1k)
>2016 bullrun: ~100x ($200 to $20k)
>2020 bullrun: ~20x ($3000 to $66k)
>2024 bullrun: 5x ($10k to $50k)

[Anonymous No.54962439]

>>54962322
I look back at all of these bull runs and wonder wtf I was doing sitting on the sidelines. Originally came across bitcoin in college circa 2011 and ended up with 2.2 at the time--from entering my e-mail on websites that would send fractions of a coin to my wallet. Sold all of it by 2015. I vaguely remember it being around $800 per btc back then.

Every time I thought about buying in I would tell myself it's the top and there's no way it'll see another big increase. And yet I was always proven wrong.

Long story short I've been buying for the past few months and have now acquired 1BTC with the intention of holding 2 years through any ups or downs before re-evaluating my position.

Good luck everyone.

[Anonymous No.54962485]

>>54962439
I should add that my BTC position only amounts to about 5% of my total portfolio. The rest is in VT/VTI. I would advise everyone to have a small allocation to BTC, but not so much that you'll be forced to sell in the event of a downturn. Martin Shkreli once said that a 1% investment in a risky asset that has potential to 10x is good risk management.

[Anonymous No.54962496]

>>54962255
Thanks for making this general. I and many others are very excited about the future of $BITCOIN

[Anonymous No.54962571]

>>54962485
>Martin Shkreli

[Anonymous No.54962694]

>>54962571
Do you disagree with the statement, or are you just triggered by who said it?

[Anonymous No.54962746]

>bitcoin general
first lets round up the link bagholders and other board spammers before we waste time on a general for the entire concept of cryptocurrency itself

[Anonymous No.54962763]

>>54962322
>>2012 bullrun: ~500x ($2 to $1k)
>>2016 bullrun: ~100x ($200 to $20k)
>>2020 bullrun: ~20x ($3000 to $66k)
>>2024 bullrun: 5x ($10k to $50k)

lol fake and gay

[Anonymous No.54963198]

>>54962288
>what's the purpose of the token ?
kek my sides
>>54962307
>It's not a Token, it's a coin.
>Also, this thread is still under construction, so post links, books, info material and I will update the thread in the next few days to make it better
cope harder

[Anonymous No.54963278]

>>54962255
>7 tps
>no privacy
>no fungibility
>prone to blacklisting/censorship
>high fees
>insufferable moonboys
pass

[Anonymous No.54963546]

>>54962288
Keep your capital secure from access and manipulation by third parties on the most distributed ledger going to likely absorb all the energy this planet has to offer. It will make the blood of humanity run cold due to greed

[Anonymous No.54963596]

>>54963278
>lies and glowie FUD
and still better than your shitcoin

[Anonymous No.54963693]

>>54963596
Eth niggers are afraid that despite them now being a pure insecure pajeet ponzi network nobody really caring. And nobody is going to care until after the btc halving bringing again more suckers

[Anonymous No.54963863]

>>54962288
>what's the purpose of the token
Destroy central and derivative banking

[Anonymous No.54964432]

What proof there is bitcoin is trully decentralized and what proof there is lightning is trully decentralized for now lightning looks like a fucking mess of many custodial and non custodial wallets

[Anonymous No.54964458]

>>54964432
You can just check the data. It's all public

[Anonymous No.54964552]

>>54964458
Well add that to the pasta the only point of bitcoin over everything else is if its decentralized well tjd majority of shitcoins like etherium are not decentralized

[Anonymous No.54964592]

>>54962322
It doesn't look good. I would be more bullish if institutions weren't in already, but with Saylor owning over 100k BTC we are way past that stage.

[Anonymous No.54964733]

>>54964552
its distributed, same as eth, only that eth and other pos can be easily taken over by state actors through a printer, while taking over btc would require a state actor to redirect his energy resources in such a way that there wouldnt be any energy left to run an economy

[Anonymous No.54965110]

>>54962255
>Bit Coin
I don't know about this one son, it sounds like a scam to me

[Anonymous No.54965280]

>>54965110
are there any suckers that have the funds to get scammed by arabs and jews? no. Who is still in crypto? bitcoinmaxis. when will there be new suckers with funds to be scammed by arabs and jews? after halving. now piss off meme faggot

[Anonymous No.54965348]

>>54963863
>Destroy central and derivative banking
It failed at that.
What other purpose doe this NFT have.
The only good thing I could see is making bitcoin hodler poor, thus removing them from the gene pool.

[Anonymous No.54965361]

Based and blessed thread

[Anonymous No.54965716]

I've been sent some btc from someone who sent it from their forex broker account to my wallet in bittrex.

Its not showing yet. The dude said that I need a minimum amount in my wallet before the funds reflect.
I can't find anything about this online, what's going on? Is there a way to calculate the minimum amount?

[Anonymous No.54965743]

>>54965716
>bitrex
Go troll on twitter kid

[Anonymous No.54965800]

>>54965743
Ah ffs what's wrong with bittrex? I've been out the loop for 5 years

I know the us one is bankrupt but global is still OK right?

[Anonymous No.54966098]

>>54962694
i think we know the answer to that question. its standard prudent advice that were it not for the absence of btc settled ETF would mean btc would easily be in the six figures right now.

[Anonymous No.54966122]

>>54966098
do the sensible thing. Shill bankrunning to your friends families and social media followers and shill them on btc as a save haven

[Anonymous No.54966184]

If bitcoin is so important, why hasn't anyone developed a proper layer 2 scaling solution?
Why doesn't someone start a crowd funding initiative or even pay a company to do this while retaining the openness of the code?

There's so much effort poured into books, podcasts, interviews, TAs, events, but not half the effort in scaling bitcoin, are bitcoiners blind?

[Anonymous No.54966241]

>>54966184
It does everything it is supposed to do since now 13 years, without any major bugs. The biggest outage was in 2012 the overflow bug, and that got fixed. Since then, no issues, no intervention needed, just constant sensible improvement of the protocl

[Anonymous No.54966293]

>>54966184
A lot of effort is being put into scaling Bitcoin, but proper research can take many years
>Don't touch a working system

https://www.rgbfaq.com/faq/what-is-rgb
https://lightning.network/lightning-network-paper.pdf

[Anonymous No.54966316]

wen moon bitcoin ceo sir?

[Anonymous No.54966335]

Debunking jewish anti-bitcoin lies:

https://endthefud.org/

[Anonymous No.54966344]

Bigger blocks.

[Anonymous No.54966361]

>>54966344
>Bigger blocks.

failed fork, now worthless shitcoin

[Anonymous No.54966390]

>>54962255
Why is it always coloured Gold?

[Anonymous No.54966397]

>>54962255
>Bitcoin Redpill:
>Retardation incarnate videos
midwit general for midwits kek

>>54962288
to sell at a higher price, there is no actual use case for bitcoin despite maxi cope.

[Anonymous No.54966594]

>>54966397
there are no suckers to buy your meme coins

[Anonymous No.54966841]

>>54966594
hold for another 20 years

[Anonymous No.54966847]

>>54966390
>Why is it always coloured Gold?
Begone Antisemite!

[Anonymous No.54966849]

>>54966841
you still don't get it?

[Anonymous No.54967973]

bumping

[Anonymous No.54969779]

>>54962439
Based anon. Good to see level heads and how they prevail

[Anonymous No.54969817]

the day OP was not a faggot

[Anonymous No.54969878]

>>54966293
>Don't touch a working system
Is it seriously working tho? How can you say that shit seriously?

>>54966241
>no major bugs
The static block size limit IS a bug, the original intent was to fix DoS attacks with large blocks, not to cap TXes. Having capped TXes in a block is a bug as it is an unintended arguably negative side-effect of code.
>inb4 coping, seething, and dilating

[Anonymous No.54971422]

bump

[Anonymous No.54972571]

>>54965348
Correction: you desperately want it to fail at that. The reality is that it remains to be seen.

[Anonymous No.54972637]

>>54966397
>retard thinks people don't buy stocks and index funds to sell at a higher price in retirement.
Inflation-proof money through fixed supply is the use case and always has been.

[Anonymous No.54973120]

>>54969878
>Is it seriously working tho? How can you say that shit seriously?

Been working flawlessly for over decade. Are you brain damaged or a shitcoin maxi?

>>54969878
>The static block size limit IS a bug, the original intent was to fix DoS attacks with large blocks, not to cap TXes. Having capped TXes in a block is a bug as it is an unintended arguably negative side-effect of code.


Why are you lying like that?

[Anonymous No.54973747]

bumped, saved, posting the best wallet in the game

[Anonymous No.54974260]

AMA w/ the glowies on Leddit today: https://www.reddit.com/r/CryptoCurrency/comments/13h2mar/ama_on_rcryptocurrency_with_the_us_secret_service/

[Anonymous No.54974434]

>>54969878
Never touch a working system that has on top a more than a decade long track record of just working and a narrative known by every halfwit millennial and zoomer, the demographic majority for the next 4 decades while every attempt to subvert failed in a fart

[Anonymous No.54974542]

>>54973747
Based

[Anonymous No.54974891]

>>54973120
>lying
Holy shit we are discovering entirely new dimensions of maxipad cope
For a second might you consider if you are thinking inside of an ecochamber when you refuse to take even the most basic line of arguments? A bug is unintended sideeffect for code, limiting transaction capacity was never indented with the code making it so, it IS a BUG.

>inb4 iT WoRkS
It works for what purpose? Transmitting random structured data over a network? Sure it works for that, but a 5yos first python networking code can do that as well.
Does it work as "A Peer-to-Peer Electronic Cash System" as per its whitepaper? No it doesn't. It's not peer to peer when there are trusted 3rd parties reviewing the eligibility of your transactions (go figure how Bitcoin is not fungible or if that's too hard why ordinals are able to be non-fungible without any extra code of quirks). It's not private nor anonymous nor instant so it doesn't serve as cash. The only words it fulfills is that's it's an "Electronic System". And before you sperg out about "bbbut LN, what about my hecking LN"
1. it's not private
2. shortest routes with more liquidity are naturally prioritized leading to a handful of entities controlling more than 50% of the total liquidity (go run the numbers with 1ml.com I'm not doing your homework) due to hubs being simply more efficient (ignoring custodianship issues pushing this). And even if you ignore this inherent design flaw it's still peer-to-peer-to-peer-to-peer-to-peer, the money doesn't simply move from person A to B but gets routed
3. LN is not Bitcoin, even if LN somehow proves to be P2P electronic cash, Bitcoin still ain't

[Anonymous No.54974934]

>>54973747
Does seem like good tech, much appreciated.

[Anonymous No.54975387]

>>54972637
>Inflation-proof money
taxation is from of inflation nigger

https://www.youtube.com/watch?v=ak5TFr26BaE

Why are you bitfagots so dense, dear God.
Are you a payed shill? I hope so, if you own some and spend your free time here lying all day long your life. Dear God, whats wrong with you people

[Anonymous No.54975408]

>>54974891
LN derangement syndrome.

[Anonymous No.54975497]

lmao at the sneeding shitcoin baggies. Everything, including your shitcoin, will be progressively worth less and less in bitcoin terms.

[Anonymous No.54975528]

>>54974891
>the absolute seething of a reality-denying shitcoin maxi

it's not bitcoin's fault you're poor. bitcoin and lighting network work perfectly, no matter how much it emotionally hurts you.

[Anonymous No.54975776]

Reminder that maxifags continue to be in denial about Bitcoin's terminal decline in the real-world economy it spawned and dominated for the past 10 years as well as about the viability of LN as a solution to that decline.

TL;DR: the online shadow economy Bitcoin helped create no longer gives a shit about it or LN or anything else BTC-related.

Commence the copefest.

[Anonymous No.54976477]

>>54975387
Avoid the taxes. Amazes me that you couldn't think of that yourself. You're extremely stupid.

[Anonymous No.54977095]

>>54974891
>astroturf meme
Not even worth reading your shit
Bought more btc today

[Anonymous No.54977138]

>>54977095
Oh yea please do, buy on leverage. Mortgage your house and sell all your other assets, move overseas and get as much debt as humanly possible. If you cannot read a paragraph worth of text to inform yourself regarding your financial investments, you might as well speed up the Darwinian process.

[Anonymous No.54977181]

Shitcoiners hate bitcoin because they want you to dump your sats into their VC/pajeet scams. Stack sats, ignore scammers.

[Anonymous No.54977263]

>>54977138
why should I, just buying btc, every week, with 10% of my income. Shitcoins don't get near my wallet and advertisers are just ignored, especially those that try to astotruf with stolen memes and adaptations of those.
And little hint, you cant just make a seeth thread with your "meme" and think you wont be recogniued.
Now gtfo shitcoin astroturfer; buy btc, or don't I don't care
btw, you post was read until leverage, everything else no idea what you tried to sell

[Anonymous No.54977305]

>>54977181
I just wonder who they try to advertise to on this board. The only ones around are the /smg/ gamblers, who are also astroturfed to shit, the /pmg/lers also astroturfed to shit and bitcoinmaxis, who like the two others just ignore the spammers