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Calm down. You’re getting steamed under the collar over a few sentences on a random subreddit that no one’s sees except the 3 of us. 😂 | r/bitcoin | comment | r/Bitcoin | 2024-28-06 |
Hackforums was the greatest site on the internet 2012-2015 | r/bitcoin | comment | r/Bitcoin | 2024-31-05 |
I got .665325 and mad 😡 cause I want to say I have 1.0 full. I should just sell it now and give up? | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
That works for me. To tell management to Fuck Off! .665325 I hope will do | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Well said actually | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
.665325 starting to sound good 👍 | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Interesting post. I liked it | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Read my comment again, clown. | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Bitcoin 2 x altcoins 5x 10x to 100x. | r/bitcoin | comment | r/Bitcoin | 2024-30-06 |
Discover AI.X: PECAT.D, a digital trust fund offering consistent returns through curated assets. | r/bitcoin | comment | r/Bitcoin | 2024-02-07 |
give me,i can help you | r/bitcoin | comment | r/Bitcoin | 2024-24-05 |
I think anyone that thinks gold is the answer is an idiot! That’s why I consider Peter Schiff a con artist. He knows damn well that gold can’t touch bitcoin. He’s simply lying to people about gold to line his pockets (yes I know this is basic capitalism) We just have to be smart enough not to fall for it. There has always been snake oil salesmen after all. | r/bitcoin | comment | r/Bitcoin | 2024-09-07 |
Let's go back to 73k but this time, learn from our mistakes and make a big deal about it. | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Why? | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
.... weird 3 months | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
? | r/bitcoin | comment | r/Bitcoin | 2024-01-07 |
Cash out 35% based off what amount? And I'm assuming you're selling 35% based on the lowest price of the year and selling the 35% at the highest price of the year? Which you'd have to time it exactly...I can't seem to wrap my head around the logic here. | r/bitcoin | comment | r/Bitcoin | 2024-21-05 |
Does this still work? When I click the link nothing happens | r/bitcoin | comment | r/Bitcoin | 2024-02-06 |
they don't have the right to your premarital asset gains if was solely market forces made the asset increase like stocks (unless potentially was managed portfolio). Realty would be considered they both increased the value of the home together (via the support of the one spouse it allowed other spouse to pay off that mortgage) | r/bitcoin | comment | r/Bitcoin | 2024-11-06 |
For me, the best app is Klever Wallet. I can do everything I need with security and low fees. If you want to buy or sell, send or receive, or do more than I mentioned, you should try the Klever Wallet App. | r/bitcoin | comment | r/Bitcoin | 2024-11-06 |
Apparently, the video got deleted on YouTube. I've seen this a few times; it is so informative. | r/bitcoin | comment | r/Bitcoin | 2024-07-06 |
I would also love to hear some answers to your questions. Try to push your post :-) | r/bitcoin | comment | r/Bitcoin | 2024-14-06 |
Probably the right move | r/bitcoin | comment | r/Bitcoin | 2024-21-05 |
Apart from Binance and Kraken (exchange fees) fees, are there any other fees incurred in transferring Bitcoin from one exchange to another? Network fees?
Kraken doesn't charge to deposit Bitcoin on their exchange but I'm not sure yet about Binance.
However, I stumbled upon a comment about network gas fees or so.
I need to move Bitcoin from Binance to Kraken and need a cost effective way to do it please. | r/bitcoin | comment | r/Bitcoin | 2024-28-05 |
It's ok to transfer from Binance to Kraken? | r/bitcoin | comment | r/Bitcoin | 2024-28-05 |
Yes as far as I'm aware theres no problems there! | r/bitcoin | comment | r/Bitcoin | 2024-29-05 |
Did you find a solution? | r/bitcoin | comment | r/Bitcoin | 2024-04-06 |
What’s the ticker for that ETF? | r/bitcoin | comment | r/Bitcoin | 2024-01-07 |
Your submission has been flagged for removal because it pertains primarily to altcoin discussion and/or promotion. Altcoins are off topic for the Bitcoin subreddit. Please post in the subreddit appropriate to that altcoin instead. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | comment | r/Bitcoin | 2024-01-06 |
# Welcome to the /r/Bitcoin Newcomers FAQ
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of **[Satoshi Nakamoto's whitepaper](https://bitcoin.org/bitcoin.pdf)** however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how Bitcoin works and a little about its long term potential:
* [Article: The Bullish Case for Bitcoin](https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1)
* [Book: The Bitcoin Standard](https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861) - or [download a free copy here](https://z-epub.com/book/the-bitcoin-standard-epub-download)
* [Video 1: An introduction to Bitcoin - Wences Casares](https://www.youtube.com/watch?v=IAFKJVLNVQA)
* [Video 2: The Stories We Tell About Money - Andreas Antonopoulos](https://www.youtube.com/watch?v=ONvg9SbauMg)
* [Video 3: The Bitcoin Standard - Saifdean Ammous](https://www.youtube.com/watch?v=Zbm772vF-5M&t=286s)
* [Video 4: Bitcoin 101 - Balaji Srinivasan](https://www.youtube.com/watch?v=JIxwTx7o_B4)
Some other great educational resources include;
* The [Satoshi Nakamoto Institute](http://nakamotoinstitute.org/mempool/) (check them out!)
* Swan [Bitcoin Canon](https://www.swanbitcoin.com/canon/)
* Michael Saylor's [Hope.com](https://hope.com/) and ["Bitcoin for Everybody"'](https://learn.saylor.org/course/view.php?id=468) course
* Jameson Lopp's [resource page](http://lopp.net/bitcoin.html)
* Gigi's [resource page](https://bitcoin-resources.com/#bitcoin-non-technical)
* James D'Angelo's [Bitcoin 101 Blackboard series](https://www.youtube.com/watch?v=Bhe61JaNFLU&list=PLzctEq7iZD-7-DgJM604zsndMapn9ff6q&index=7&t=0s)
* Parker Lewis's [Gradually Then Suddenly series](https://unchained.com/blog/category/gradually-then-suddenly/)
* Some Bitcoin statistics can be found here ([1](https://www.lookintobitcoin.com/), [2](https://data.bitcoinity.org/bitcoin/hashrate/6m?c=m&g=15&r=week&t=a), [3](https://bitcoinvisuals.com/), [4](https://bitcoin.clarkmoody.com/dashboard/), [5](https://studio.glassnode.com/workbench/btc-price-performance-since-halving), [6](https://augmentedcoin.io/btc), [7](https://nakamotoportfolio.com/nakamoto/start)).
If you are technically or academically inclined check out;
* Developer resources ([1](https://developer.bitcoin.org/), [2](https://spiral.xyz/#projects))
* [Peer-reviewed research papers](https://docs.google.com/spreadsheets/d/1VaWhbAj7hWNdiE73P-W-wrl5a0WNgzjofmZXe0Rh5sg)
* Course lectures from both [MIT](https://ocw.mit.edu/courses/15-s12-blockchain-and-money-fall-2018/) and [Princeton](https://www.reddit.com/r/Bitcoin/comments/7qynvj/dont_panic_just_learn_sixty_free_lectures_from/)
* Future [protocol improvements](http://diyhpl.us/wiki/transcripts/2018-01-24-rusty-russell-future-bitcoin-tech-directions/) and [scaling resources](https://www.reddit.com/r/Bitcoin/comments/56nnd8/the_scaling_bitcoin_website_is_awesome_videos/).
MicroStrategy's [Bitcoin for Corporations](https://www.microstrategy.com/en/resources/events/world-2021/bitcoin-summit?CID=7014W0000014yhJQAQ) is an excellent open source series on corporate legal and financial Bitcoin integration.
You can also see the number of times Bitcoin was [declared dead by the media](https://99bitcoins.com/obituary-stats) (LOL!)
## Key properties of Bitcoin
* **Limited Supply** - There will only ever be a [maximum of 21,000,000 bitcoins created](https://www.reddit.com/r/Bitcoin/comments/10h04a6/this_is_how_we_know_theres_only_21_million_bitcoin/) and they are issued in a predictable fashion per the [inflation schedule](https://bashco.github.io/Bitcoin_Monetary_Inflation/). Once they are all issued Bitcoin will be truly deflationary. The [halving countdown](http://bitcoinblockhalf.com/) tells you approximately how much time until the next block reward halving.
* **Open source** - Bitcoin code is fully auditable. You can read and contribute to the [source code](https://github.com/bitcoin/bitcoin) yourself.
* **Accountable** - The public ledger is transparent, all transactions are [seen by everyone](https://blockstream.info/).
* **Decentralized** - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how [Bittorrent](https://en.wikipedia.org/wiki/BitTorrent) works. You can even [run a node on a Raspberry Pi](https://getumbrel.com/).
* **Censorship resistant** - No one can prevent you from interacting with the Bitcoin network and no one can censor, alter or block transactions that they disagree with, see [Operation Chokepoint](https://en.wikipedia.org/wiki/Operation_Choke_Point).
* **Push system** - There are [no chargebacks](https://gendal.me/2013/10/21/lessons-from-bitcoin-push-versus-pull/) in Bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.
* **Borderless** - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is [globally distributed](https://bitnodes.earn.com/).
* **Trustless** - Bitcoin solved the [Byzantine's Generals Problem](https://en.wikipedia.org/wiki/Byzantine_fault_tolerance) which means nobody needs to trust anybody for it to work.
* **Pseudonymous** - No need to [expose personal information](https://buybitcoinworldwide.com/anonymity/) when purchasing with cash or transacting.
* **Secure** - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be [brute forced](http://i.imgur.com/fYFBsqp.jpg) or confiscated with proper key management such as hardware wallets.
* **Programmable** - Individual units of bitcoin can be [programmed to transfer](https://en.bitcoin.it/wiki/Script) based on certain criteria being met
* **Divisible** - Each bitcoin can be [divided down to 8 decimals](https://en.bitcoin.it/wiki/Satoshi_(unit\)), which means you don't have to worry about buying an entire bitcoin.
* **Nearly instant** - From a few seconds on the Lightning Network to a [few minutes](https://www.blockchain.com/charts/median-confirmation-time) on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.
* **Peer-to-peer** - No intermediaries taking a cut, no need for [trusted third parties](https://nakamotoinstitute.org/trusted-third-parties/).
* **Designed Money** - Bitcoin was created to fit all the [fundamental properties of money](http://i.imgur.com/wkTyyaV.png) better than gold or fiat.
* **Portable** - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by [memorizing it for wallet recovery](https://en.bitcoin.it/wiki/Brainwallet) (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).
* **Low fee scaling** - Most wallets calculate on chain fees automatically but you can view [fee estimates](https://bitcoinfees.earn.com/) and [mempool activity](https://jochen-hoenicke.de/queue/#0,2w) if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the [Lightning Network](https://lightning.network/), an open source second layer payment protocol built on top of the Bitcoin blockchain. The Lightning Network enables Bitcoin users to instantly send and receive bitcoin with fees so low that they are negligible.
* **Scalable** - While the protocol is still being optimized for [increased transaction capacity](https://en.bitcoin.it/wiki/Scalability), blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.
## Where can I buy bitcoin?
[Bitcoin.org](https://bitcoin.org/en/buy) and [BuyBitcoinWorldwide.com](https://www.buybitcoinworldwide.com/) are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular places to buy bitcoin are listed below.
* [Strike](https://strike.me/)
* [Cash App](https://cash.app/)
* [Swan](https://www.swanbitcoin.com/)
* [River Financial](https://river.com/)
* [Bull Bitcoin](https://www.bullbitcoin.com/)
* [Bitcoin Well](https://bitcoinwell.com/)
* [Relai](https://relai.app/)
* [LibertyX](https://libertyx.com/)
* [CoinCorner](https://www.coincorner.com/)
* [RoboSats](https://learn.robosats.com/) (P2P)
* [Bisq](https://bisq.network/) (decentralized & P2P)
* [HodlHodl](https://hodlhodl.com/?filters%5Bcurrency_code%5D=USD) (P2P)
* [List of peer-to-peer exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/)
* [Debifi](https://debifi.com/) (non-custodial lending)
You can also purchase in cash with [local ATMs](http://coinatmradar.com/). Services such as [CardCoins](https://www.cardcoins.co/) let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use [Bitwage](https://www.bitwage.com/).
**Note:** Bitcoin are valued at whatever [market price](https://cryptowat.ch/bitstamp/btcusd) people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.
## Securing your bitcoin
With Bitcoin you can **"Be your own bank"** and personally secure your bitcoin **OR** you can use third party companies aka **"Bitcoin banks"** which will hold your bitcoin for you.
* If you prefer to **"Be your own bank"** and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn best computer security practices, then a hardware wallet such as a [BitBox02](https://bitbox.swiss/bitbox02/), [Trezor](https://www.trezor.io/), [ColdCard](https://coldcardwallet.com/), or [Blockstream Jade](https://blockstream.com/jade/) is recommended. You can even build your own open source hardware wallet called a [SeedSigner](https://seedsigner.com/).
* If you cannot afford a hardware wallet there are many [software wallet](https://bitcoin.org/en/choose-your-wallet) options to choose from depending on your use case. Mobile wallets like [BlueWallet](https://bluewallet.io/) are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.
* If you prefer to work with third party **"Bitcoin banks"** to set up a collaborative custody arrangement, try [Unchained Capital](https://unchained-capital.com/) but be aware that any third party you use exposes you to third party risk. There is a saying in the community, **"Not your keys, not your coins"**.
**Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!**
2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
**Avoid using your cell number for 2FA.** Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.
Google Auth | Authy | OTP Auth | andOTP
--------------|--------|------------|--------
[Android](https://play.google.com/store/apps/details?id=com.google.android.apps.authenticator2) | [Android](https://play.google.com/store/apps/details?id=com.authy.authy&hl=en) | N/A | [Android](https://play.google.com/store/apps/details?id=org.shadowice.flocke.andotp)
[iOS](https://itunes.apple.com/us/app/google-authenticator/id388497605?mt=8) | [iOS](https://itunes.apple.com/us/app/authy/id494168017) | [iOS](https://apps.apple.com/us/app/otp-auth/id659877384) | N/A
Physical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See [Yubikey](https://yubikey.com/) or [Titan](https://cloud.google.com/titan-security-key) to purchase security keys.
Both Coinbase and Gemini support physical security keys.
## Watch out for scams
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, **"Don't trust, verify"**.
* Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use [DuckDuckGo](https://duckduckgo.com/) instead, which has no ads, and never tracks you as well.
* Ignore private messages offering services.
* **Never enter your seed words in a website of any kind.** Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.
* **Always check addresses on your hardware wallet before sending or receiving.** Some malware has been known to replace addresses in your web browser or that you copy-and-paste.
* Avoid clicking on links like that look like links, such as [https://www.google.com/](https://www.youtube.com/watch?v=8ybW48rKBME), without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.
## Common Bitcoin Myths
Often the same concerns arise about Bitcoin from newcomers. Questions such as:
* Will quantum computers break Bitcoin?
* Will governments ban Bitcoin?
* Is Bitcoin a Ponzi scheme?
All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:
* [Common Bitcoin Myths](https://en.bitcoin.it/wiki/Myths)
* [Gradually, Then Suddenly](https://nakamotoinstitute.org/mempool/series/gradually-then-suddenly/)
* [Every Reason Bitcoin Will Not Fail](https://safehodl.github.io/failure/)
* [The Best Articles Debunking Bitcoin FUD](https://endthefud.org/)
* [Why Bitcoin is Not a Ponzi Scheme: Point by Point](https://www.swanbitcoin.com/why-bitcoin-is-not-a-ponzi-scheme-point-by-point/)
## Where can I spend bitcoin?
Check out [Spendabit](https://spendabit.co/), [Bitcoin Directory](http://bitcoin.directory/shop), or [Coinmap](http://coinmap.org/) for a plethora of merchant options. You can also spend bitcoin anywhere Visa is accepted with bitcoin debit cards such as the [CashApp card](https://cash.app/help/us/en-us/3080-cash-card-get-started), [Fold card](https://foldapp.com/) or other bitcoin debit cards. Some other useful site are listed below.
Store | Product
---|---
[Bitrefill](https://bitrefill.com), [Gyft](http://www.gyft.com/), and [Fold App](https://foldapp.com/) | Gift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
[Spendabit](https://spendabit.co/), [Overstock](http://www.overstock.com/), and [The Bitcoin Directory](http://bitcoin.directory/) | Retail shopping with millions of results
[NewEgg](http://www.newegg.com/) and [Dell](http://www.dell.com/) | For all your electronics needs
[Bitrefill](https://www.bitrefill.com/buy/worldwide/bill/), [Bylls](https://bylls.com), [LivingRoomofSatoshi](https://www.livingroomofsatoshi.com), [Swapin](https://www.swapin.com/), [Coins.ph](https://coins.ph), and [more](https://plusbitcoin.net/bitcoin-debit-card/) | Bill payment
[Menufy](https://www.menufy.com/) and [Takeaway](http://corporate.takeaway.com/) | Takeout delivered to your door
[Expedia](http://www.expedia.com/), [Cheapair](http://www.cheapair.com/), [Destinia](http://destinia.us/), [SkyTours](http://www.sky-tours.com/), the [Travel](https://www.gyft.com/buy-gift-cards/category/travel/) category on Gyft and [9flats](http://www.9flats.com/) | For when you need to get away
[Cryptostorm](https://cryptostorm.is), [Mullvad](https://mullvad.net), and [PIA](https://www.privateinternetaccess.com/) | VPN services
[Namecheap](https://www.namecheap.com/), [Porkbun](https://porkbun.com/) | Domain name registration
[Stampnik](https://stampnik.com) | Discounted USPS Priority, Express, First-Class mail postage
There are also [lots of charities](https://www.reddit.com/r/changetip/wiki/suggestions) which accept bitcoin donations.
## Merchant Resources
There are several benefits to accepting bitcoin as a payment option if you are a merchant;
* 1-3% savings over credit cards or PayPal.
* No chargebacks (final settlement in 10 minutes as opposed to 3+ months).
* Accept business from a global customer base.
* Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.
If you are interested in accepting bitcoin as a payment method, there are several options available;
* [BTCPay Server](https://btcpayserver.org/)
* [Zaprite](https://zaprite.com/product)
* [Square cash](https://cash.me/)
* [Stripe](https://stripe.com/bitcoin)
* [Wyre](https://www.sendwyre.com/business/)
* [Blockonomics](https://www.blockonomics.co/merchants#) (direct to your wallet)
* [CoinCorner Checkout](https://www.coincorner.com/checkout)
## Can I mine bitcoin?
Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to [folding at home](https://foldingathome.org/?lng=en). If you want to learn more about mining you can read the [mining FAQ](https://en.bitcoin.it/wiki/Faq#Mining). Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.
If you want to contribute to the Bitcoin network by hosting the blockchain and propagating transactions there are many [great resources](https://raspibolt.org/) you can use to [run a full node](https://river.com/learn/how-to-run-a-bitcoin-node/). You can view the global distribution of reachable Bitcoin nodes on [this webpage.](https://bitnodes.io/nodes/all/#global-bitcoin-nodes)
## Earning bitcoin
Just like any other form of money, you can also earn bitcoin by being paid to do a job.
Site | Description
---|---
[WorkingForBitcoins](https://workingforbitcoins.com), [Bitwage](https://www.bitwage.com/for-individuals/), [Coinality](https://coinality.com/), [Bitgigs](http://bitgigs.com/), [/r/Jobs4Bitcoins](http://www.reddit.com/r/Jobs4Bitcoins), [BitforTip](http://www.bitfortip.com/), and [Rein Project](http://reinproject.org/) | Freelancing
[Lolli](https://www.lolli.com/) | Earn bitcoin when you shop online!
[Purse.io](https://purse.io/shop), [Bitify](https://bitify.com/), and [/r/Bitmarket](http://www.reddit.com/r/BitMarket) | Marketplaces
[A-ads](https://a-ads.com), [Coinzilla.io](https://coinzilla.io/) | Advertising
You can also earn bitcoin by participating as a market maker on [JoinMarket](https://github.com/chris-belcher/joinmarket) by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).
## Bitcoin-Related Projects
The following is a **short** list of ongoing projects that might be worth taking a look at if you are interested in current development in the Bitcoin space.
Project | Description
---|---
[Lightning Network](https://lightning.engineering/index.html)| Second layer scaling
[Liquid](https://blockstream.com/liquid/) and [Rootstock](https://www.rsk.co/) | Sidechains
[Hivemind](http://bitcoinhivemind.com) | Prediction markets
[Tierion](https://tierion.com) and [Factom](http://factom.org/) | Records & Titles on the blockchain
[BitMarkets](https://voluntary.net/bitmarkets/), and [DropZone](https://github.com/17Q4MX2hmktmpuUKHFuoRmS5MfB5XPbhod/dropzone) and [Beaver](https://eprint.iacr.org/2016/464.pdf) | Decentralized markets
[JoinMarket](https://github.com/chris-belcher/joinmarket), [Samourai Whirlpool](https://samouraiwallet.com/whirlpool), and [Wasabi](https://docs.wasabiwallet.io/using-wasabi/CoinJoin.html) | CoinJoin implementation
[Peer-to-Peer Exchanges](https://github.com/cointastical/P2P-Trading-Exchanges/) | Peer-to-peer exchanges
[Keybase](https://keybase.io/) | Identity & Reputation management
[Abra](https://www.goabra.com/) | Global P2P money transmitter network
[Bitcore](http://bitcore.io/) | Open source Bitcoin javascript library
## Bitcoin Units
One bitcoin is worth quite a lot (thousands of £/$/€), so people often deal in smaller units. The most common subunits are listed below:
Unit | Symbol | Value | Info
---|:---:|---|---
bitcoin | BTC | 1 bitcoin | one bitcoin is equal to 100 million satoshis
millibitcoin | mBTC | 1,000 per bitcoin | used as default unit in Electrum wallet
bit | μBTC | 1,000,000 per bitcoin | colloquial "slang" term for microbitcoin
satoshi | sat | 100,000,000 per bitcoin | smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10,000 for one bitcoin, a $10 meal would equal:
* 0.001 BTC
* 1 mBTC
* 1,000 bits
* 100,000 sats
For more information check out the [bitcoin units wiki](https://www.reddit.com/r/BitcoinWiki/wiki/bitcoin_units).
---
**Still have questions?** Feel free to ask in the comments below or stick around for our weekly [Mentor Monday](https://www.reddit.com/r/Bitcoin/search/?q=title%3A%22mentor+monday%22&sort=new&restrict_sr=on&t=all) thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community, so please do not message them unless you notice problems with the functionality of the subreddit.
**Note:** This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification, you can [edit it here](https://www.reddit.com/r/BitcoinWiki/wiki/rbitcoin_sticky) and it will be included in the next revision pending approval.
**Welcome to the Bitcoin community and the new decentralized economy!**
Please note that this thread will be moderated and non-constructive comments will be removed. | r/bitcoin | post | r/Bitcoin | 2024-16-03 |
Here in robotqt: https://robotqt.com/#/register?i=401110 | r/bitcoin | comment | r/Bitcoin | 2024-02-06 |
That’s what i just started doing! | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
What platform are you using for your Roth? | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
My Roth is at Interactive Brokers. I am also in the ETFs in my SEP, and my 401k and health savings account, which are at Schwab. | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
Awesome 💰💰 | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
I am a believer. I also believe I’m young enough that I will good profit from this. I just hit Medicare this week! But since I failed to establish significant savings until about seven years ago, I began to study finance about 2 years ago and found Bitcoin. It feels like the last big opportunity to grow my wealth exponentially. | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
Do you have a very small amount and three other coins, and a very, very small amount in a few other stocks with the exception of MSTR. 🤓 | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
💯 Absolutely - the system HAS to change - this is the one, maybe the only one where retailers like us can get in before the institutions are in... I plan to ride that wave! | r/bitcoin | comment | r/Bitcoin | 2024-09-07 |
Sure, potentially, but to some the tax benefits would outweigh the potential negatives of the IRA provider custodying on a CEX. No idea if there’s a way to do it with self custody. | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Coinbase stole from me. I sold some bitcoin and then they froze my account due to “payment needed.” I had tried to withdraw the bitcoin I sold but the funds hadn’t settled so I had to wait. Then they froze it and said I had tried to buy and that payment was needed. It was weird but I never got the bitcoin I had sold. Not using them anymore | r/bitcoin | comment | r/Bitcoin | 2024-08-07 |
Bitcoin can only end the fed if everyone stops using USD and starts using bitcoin. You might ask: why would people stop using USD?
I mean if the US Government defaulted on it's debt, then that would cause investors to lose interest in that form of investment, but would people seriously stop using USD?
The Government could default on it's debt, but even so, is bitcoin a better alternative to running an economy? The argument really lies in the Fed, as Bitcoin is competition to the USD and the USD is largely controlled by the Fed.
The Fed came about because of the volatility of capitalism. Something needs to be there to help us bounce back faster. Neoclassical economists have always argued that we need to let markets to naturally come back to equilibrium in the long run after shocks, otherwise if the government gets involved, they use measures so blunt it will make the markets overcorrect and lead to more swings (therefore, we minimal Government regulation needed - just to ensure that property rights are maintained). Keynes argues that "we're all dead in the long run", meaning Governments can play a part in stability . Monetarists believe we need a constant increase in the supply of money into the economy to ensure the stability of inflation (as a collapse in the money supply caused the great depression i.e. no one wanted to spend and therefore inflation plummetted).
Bitcoin refutes pretty much all of Keynesian and Monetary theory. Basically, we don't need inflation to keep the economy going (in theory, we do because inflation means that people have a greater incentive to spend and spending drives the economy as one person's spending is another person's wage), but people have argued that this isn't essential to economic functioning.
Problem is: Japan as an example is a country whose economy has struggled with lack of inflation. Deflation = money grows in value simply by staying in your pocket = businesses drive prices lower and lower to convince people to buy = no growth.
I think Bitcoin is like populism: sounds very appealing in theory and makes young people feel like they have purpose. But there needs to be method behind the madness. Is there theory supporting why we can have an economy that has no inflation and no centralised money regulation authority that increases or decreases the supply in the economy? Because idk about you but I would love to avoid another GFC or Great Depression. | r/bitcoin | comment | r/Bitcoin | 2024-31-05 |
Same here. I loved bitcoin, even while I respected Peter. Ten years ago I was very optimistic about bitcoin's future. But it hasn't progressed AT ALL towards being the money of the internet (let alone the internet of money). Yes the technology has continued to be developed, but actual adoption for monetary purposes has only gone backwards. Meanwhile the price has continued to rise, driven by speculation and FOMO; and this is rationalised by the likes of Michael Saylor, who no longer claim it is useful money, but that it is a 'store of value'. But Saylor and others don't understand what 'store of value' means. Durable commodities like gold, are a store of value. The safe you keep it in is not a 'store of value'! Bitcoin is like a safe, a very secure safe. But it's an EMPTY safe.
Fundamentally Peter is right. One day the last buyer will buy his last coin, and then you will have all these bag holders with literally nothing in their bags. That cannot happen with gold. Gold has real properties. As long as it exists people will find uses for it. There will always be a market. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
He probably bought a few gold coins. Even gold savings worth a million dollars can be contained in a home safe, and transported in a box the size of a tool box. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
"gold has already failed as a store of value, central authorities have proven that they can just make gold illegal and confiscate peoples gold, thats why wee need something better."
I disagree there. Since the end of Bretton Woods Gold has proven itself more than ever before. And the fact that the government demanded people give up their gold isn't a problem with gold. It is a problem with people, who do whatever the government asks. Bitcoin is no better on this front. If the state orders you to give up your bitcoin you can agree, or you can resist. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
Agree. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
And he's selling it because he thinks it's a good product. It's moot. All that matters are the arguments. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
And what's the definition of a bag holder? | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
Irrelevant. All that matters is his argument. | r/bitcoin | comment | r/Bitcoin | 2024-16-06 |
If you buy on bisq, could you potentially be buying btc that was originally bought on an exchange? And therefore if you sold it kyc one day…it would just look like it was sold by the person who sold it to me? | r/bitcoin | comment | r/Bitcoin | 2024-24-05 |
How's that going for you? 😁😁😁 | r/bitcoin | comment | r/Bitcoin | 2024-06-07 |
Kinda glad i sold when i did but still stackin 💪💪💪 | r/bitcoin | comment | r/Bitcoin | 2024-06-07 |
I would say there is Cypherrock & Ledger that have recovery features that you should check out. Although I would stay away from the Ledger recovery service since the seed phrase is sent outside the hardware wallet which defeats its purpose in the first place. | r/bitcoin | comment | r/Bitcoin | 2024-28-06 |
hey u/donmulatito , just confirming, it sounds like you called Schwab and they said all BTC ETFs are not allowed as loan collateral? have you explore other reputable banks that do allow it? quite curious, thanks! | r/bitcoin | comment | r/Bitcoin | 2024-24-05 |
Fidelity will do it. I didn't proceed because the numbers didn't make sense for me. But they will do it 👌 | r/bitcoin | comment | r/Bitcoin | 2024-24-05 |
Thoughts on Cypher rock? I have really been impressed so far with their security. Although I would have preferred them to launch a bitcoin only version as well, but the current works wonders as well. Have not found anyone yet securing keys like they are doing it currently. | r/bitcoin | comment | r/Bitcoin | 2024-30-06 |
R.KO here...LOVE uu HAL FINNEY Family...advisor creator user...Jackson invitro Daddio.LapTop miner.heheee | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
If you're based in Indonesia, check this out
[r/BeliBitcoin](https://www.reddit.com/r/BeliBitcoin/) | r/bitcoin | comment | r/Bitcoin | 2024-04-07 |
Growth is tax free in a trad IRA as well. | r/bitcoin | comment | r/Bitcoin | 2024-27-06 |
While I like real Bitcoin, I can borrow against IBIT in order to access liquidity. I cannot do that with real Bitcoin, unless I want to pay 14% with Unchained.
Most of my Bitcoin is cold storage, but I also buy the ETFs in a taxable account. | r/bitcoin | comment | r/Bitcoin | 2024-05-07 |
Fine, will check it out. | r/bitcoin | comment | r/Bitcoin | 2024-31-05 |
Hi,
Can you explain how you hodl until irs doesn’t exist and how it will happen sooner than people think?
Not arguing, i am fascinated by this comment and would like to learn more. | r/bitcoin | comment | r/Bitcoin | 2024-03-06 |
I mean ultimately I don't care how long it takes.
If I don't sell, it'll be the foundation for my children to build on.
I won't retire, I've found work that I love. I'm just locking up my life work in a place the government can't steal unless they come to me face to face and then we have bigger problems.
But to answer your question, let me ask you a different question. How do IRS agents get paid?
The US government is stuck paying its agents in dollars. At some point, everyone is going to want to be earning Bitcoin. If you are an IRS agent, you can either keep working for dollars that will be velocity-depreciating by the week, or you can go earn Bitcoin doing something actually useful. Once everyone wants to be earning Bitcoin the government is going to have a hard time keeping employees and it will be game over.
Note that this doesn't just apply to IRS agents but also police and military as well. The whole thing will dry up and become nothing.
This is the end game of Bitcoin. This is the thing nobody sees coming. Bitcoin isn't just about creating a new honest currency or a store of value. Bitcoin is about ending the institution of government as we know it.
The best part is that not 1 in 100 see it coming.
Stack sats and hodl. | r/bitcoin | comment | r/Bitcoin | 2024-04-06 |
When I learned about Bitcoin, I realized I had forgotten what hope felt like. | r/bitcoin | comment | r/Bitcoin | 2024-05-06 |
Bitcoin is amazing. It’s amazing in its simplicity. Stack sats! | r/bitcoin | comment | r/Bitcoin | 2024-05-06 |
Uxami.com still work in your country?
I got scammed too support Uxami when your account is greater than 500$ your need to unlock premium account by 2 deposit, 250$ and 0,004 🤣 | r/bitcoin | comment | r/Bitcoin | 2024-30-06 |
Does anyone know if any of these casinos pay out in fiat to bank account? | r/bitcoin | comment | r/Bitcoin | 2024-02-06 |
I do fucktard | r/bitcoin | comment | r/Bitcoin | 2024-01-07 |
They have a representative office in Europe, Lithuania. We can combine our efforts and file a class action lawsuit. Write in private messages. | r/bitcoin | comment | r/Bitcoin | 2024-12-06 |
what is cfpb? | r/bitcoin | comment | r/Bitcoin | 2024-12-06 |
I can't log in, the page keeps processing and nothing appears. really blockchain.com looks like a real SCAM. nor do they have valid customer support | r/bitcoin | comment | r/Bitcoin | 2024-04-07 |
Do you know the address? Is the address compress or uncompressed? I have a script for compress address but mostly can modify to uncompressed. It will crack this easy, | r/bitcoin | comment | r/Bitcoin | 2024-05-06 |
Well done! | r/bitcoin | comment | r/Bitcoin | 2024-06-07 |
Not sure when this was written (date), but it makes no mention of ETFs, Blackrock, Fidelity, or other Wall Street institutions that are now accumulating. | r/bitcoin | comment | r/Bitcoin | 2024-06-07 |
Disagree some points. Hint of why: Without the "institution interest" which the normies like to repeat again and again everywhere(even frequently in tradfi stock markets), it's already 10000x+ in not so more than 10 years. So I suggest reading the The Satoshi Revolution. | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
how do you explain the hold on your funds for 2 months that everyone on the other feeds | r/bitcoin | comment | r/Bitcoin | 2024-15-06 |
Edeough after 2 months your opinion hasn't changed? | r/bitcoin | comment | r/Bitcoin | 2024-06-06 |
remind me in 10 years! | r/bitcoin | comment | r/Bitcoin | 2024-28-05 |
My first thought | r/bitcoin | comment | r/Bitcoin | 2024-11-06 |
Tapinnn with me on telegram @sosa_ite for Molly, K, Acid, Shrooms, Dmt, Xanax, Klonapin, Adderall, Dab pens, Gas, Dabs. I will Facetime you and send vids of shit and when at post office so you know where your money is. Not on no weird shit so you don’t be either please🙏🙏 I sell good shit and I love my customers and will keep connection with you so we all have trust and everyone is safe🤞🤞Let’s make this bag💰💰On random apps in random places trying to find new customers bear with me commenting everywhere sorryyy😭😭 | r/bitcoin | comment | r/Bitcoin | 2024-23-05 |
Ah ouais un diplômé de l'université twitter, youtube ou Facebook. | r/bitcoin | comment | r/Bitcoin | 2024-01-07 |
Please donate Bitcoin
bc1q8m7559aaxt2mhezvgt9k2ws3msm5tjp32wy7j3 | r/bitcoin | comment | r/Bitcoin | 2024-29-05 |
now its worth 50k | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
In this cryptocurrency trading, forex, or stocks trading differently, from blocking withdrawal to overcharging the trading fees or commissions.
Either way, the loss can be permanent if you don't take a quick step to dispute the transaction and get restored.
Whenever the chargeback process doesn't work with your bank, involving technology of hackerdee339 is the most viable option. The technology services focus on withdrawal of hidden denied assets and all other types of reclaims.
There are various investment recovery companies, but you need to ensure that you hire a legitimate one. They must have extensive background in handling binary options scams. You need to share your financial account information with filing a complaint with hackerdee339,you should choose the more reputable and credible one of which is hackerdee339 as I have done too.
Technology is one of the best right now with a very high recovery rate. They are also very swift in getting back your funds. So, you need not wait forever before getting back your funds. You can search them up on google to reach out to them. | r/bitcoin | comment | r/Bitcoin | 2024-02-07 |
Prepaid2coin.com is the only US based provider that will directly exchange your gift card for bitcoin. Very secure and safe. | r/bitcoin | comment | r/Bitcoin | 2024-27-06 |
I have multiple wallets protected by the multi sig on my passport if that’s what you’re asking. | r/bitcoin | comment | r/Bitcoin | 2024-05-06 |
Well well... | r/bitcoin | comment | r/Bitcoin | 2024-14-06 |
Personally, I invest mostly into ETFS/stocks. Typically at the end of the month i'll focus on putting 50% of my income into my retirement which contains ETFS. 15% -17% into non-retirement ETFS, and 3-5% will go into crypto (such a bitcoin)/ real estate/ stocks... just depends on the market. Some months I may not even put anything into crypto or single stocks. Just depends. Therefore, 80% of my income is being invested But- there's really not a one size fits all. Do what works best for you.
The reason for my metrics is because we have statistically facts of investment returns form investing into ETFS. It's safer than crypto and we know it works. Crypto is more risky. Therefore, I'd rather be safe with the majority of my money and risky with less, therefore if crypto goes to shit I still have plenty in my "safer" investments. | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
Any tutorials on how to use ledger with sparrow? | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
What you mean by “watch only” wallets? | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
It needs a device to authorize sending. | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
Ah so it means these wallets basically view-only. You need the device like ledger or Jade to approve sending/receiving. | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
Or best of all Coldcard. And you only need the device for sending. Same as Ledger Live. | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
Just add hardware wallet and plug the ledger when asked. Check youtube for bitcoin university channel | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
Large amounts of bitcoin belong to a very small number of people. Your average American would likely not benefit from BTC payment adoption. We would simply be shifting the "corporate power" to the people who own bitcoin instead of the people who own companies. | r/bitcoin | comment | r/Bitcoin | 2024-07-07 |
Exactly, only critique is that it might be sooner than 50 years IMO. | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
Economic expansion is theft of your stored energy, the energy you put into your work and how you choose to store this energy will determine how you fare against inflation.
QE is just another scam brought to you by central banks.
'Give me control over a nation's currency, and I care not who makes its laws. Mayer Amschel Rothschild (1743–1812)' | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
What’s wrong w tether. I’ve been hearing they are going under since 2017 | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
3 years ago during the bull run? Pretty sure it was for views lol. | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
It’s been audited | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
All of youtube is for views. | r/bitcoin | comment | r/Bitcoin | 2024-11-07 |
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