Bitcoin millionaires buying Lamborghinis as symbol of

Bitcoin taxation

so imagine you bought yourself 10 bitcoins and in a couple of years time each coin is worth 100k. You are a millionaire. Or so you think. Just before or worse yet after you buy your lambo the tax man comes and says give m 20 or 30 % ... give me like 300k.
So before it gets to this point
Is there anything we can do to not pay tax on the crypto ?
How does the tax guy even know I have crypto in the first place and how does he know what price I bought at.
Is there any thing cool in crypto world to prevent us from paying these unfair taxes. I thought this was all anonymous. I have a wallet with 10 crypto. Thats all there is right ? Is it the exchange ? Do the tax people go there and get records ?
This question is purely in the light of crypto technology. Is there anyway this technology can obfuscate me from the tax man
submitted by MarioElBueno to Bitcoin [link] [comments]

Bitcoin 11 Years - Achievements, Lies, and Bullshit Claims So Far - Tooootally NOT a SCAM !!!!

That's right folks, it's that time again for the annual review of how Bitcoin is going: all of those claims, predictions, promises .... how many have turned out to be true, and how many are completely bogus ???
Please post / link this on Bitcoin (I am banned there for speaking the truth, so I cannot do it) ... because it'a way past time those poor clueless mushrooms were exposed to the truth.
Anyway, without further ado, I give you the Bitcoin's Achievements, Lies, and Bullshit Claims So Far ...
.
Bitcoin Achievements so far:
  1. It has spawned a cesspool of scams (2000+ shit coin scams, plus 100's of other scams, frauds, cons).
  2. Many 1,000's of hacks, thefts, losses.
  3. Illegal Use Cases: illegal drugs, illegal weapons, tax fraud, money laundering, sex trafficking, child pornography, hit men / murder-for-hire, ransomware, blackmail, extortion, and various other kinds of fraud and illicit activity.
  4. Legal Use Cases: Steam Games, Reddit, Expedia, Stripe, Starbucks, 1000's of merchants, cryptocurrency conferences, Ummm ????? The few merchants who "accept Bitcoin" immediately convert it into FIAT after the sale, or require you to sell your coins to BitPay or Coinbase for real money, and will then take that money. Some of the few who actually accept bitcoin haven't seen a customer who needed to pay with bitcoin for the last six months, and their cashiers no longer know how to handle that.
  5. Contributing significantly to Global Warming.
  6. Wastes vasts amounts of electricity on useless, do nothing work.
  7. Exponentially raises electricity prices when big miners move into regions where electricity was cheap.
  8. It’s the first "currency" that is not self-sustainable. It operates at a net loss, and requires continuous outside capital to replace the capital removed by miners to pay their costs. It’s literally a "black hole currency."
  9. It created a new way for people living too far from Vegas to gamble all their life savings away.
  10. Spawned "blockchain technology", a powerful technique that lets incompetent programmers who know almost nothing about databases, finance, programming, or blockchain scam millions out of gullible VC investors, banks, and governments.
  11. Increased China's foreign trade balance by a couple billion dollars per year.
  12. Helped the FBI and other law enforcement agents easily track down hundreds of drug traffickers and drug users.
  13. Wasted thousands if not millions of man-hours of government employees and legislators, in mostly fruitless attempts to understand, legitimize, and regulate the "phenomenon", and to investigate and prosecute its scams.
  14. Rekindled the hopes of anarcho-capitalists and libertarians for a global economic collapse, that would finally bring forth their Mad Max "utopia".
  15. Added another character to Unicode (no, no, not the "poo" 💩 character ... that was my first guess as well 🤣)
  16. Provides an easy way for malware and ransomware criminals to ply their trade and extort hospitals, schools, local councils, businesses, utilities, as well as the general population.
.
Correct Predictions:
  1. 2015-12: "1,000 dollar in 2015", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ (Technically, this prediction is WRONG because the highest price reached in 2015 was $495.56 according to CMC. Yes, Bitcoin reached $1,000 in 2013 and 2014, but that's NOT what the prediction says).
  2. 2017-12: "10,000 in 2017", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  3. 2018-04: $10,000 (by April 2018), Mike Novogratz, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.bloomberg.com/news/articles/2017-11-21/mike-novogratz-says-bitcoin-will-end-the-year-at-10-000
  4. 2018-12: $10,000 (by 2018), Tim Draper, link #1: https://www.bitcoinprice.com/predictions/, link #2: https://www.youtube.com/watch?v=3AW5s6QkRRY
  5. Any others ? (Please tell me).
.
Bitcoin Promises / Claims / Price Predictions that turned out to be lies and bullshit:
  1. ANONYMOUS
  2. CENSORSHIP RESISTANT
  3. FRICTIONLESS
  4. TRUSTLESS
  5. UNCENSORABLE
  6. UNTRACEABLE
  7. SAFE
  8. SECURE
  9. YOU CANNOT LOSE
  10. NOT A SCAM
  11. PERMISSIONLESS
  12. GUARANTEED PRIVACY
  13. CANNOT BE SEIZED
  14. CANNOT BE CONFISCATED
  15. Be your own bank
  16. Regulation-proof
  17. NO MIDDLEMEN
  18. DECENTRALIZED
  19. Instantaneous transactions
  20. Fast transactions
  21. Zero / No transaction fees
  22. Low transaction fees
  23. A store of value
  24. A deflationary digital asset
  25. "A deflationary digital asset that no single human being can destroy."
  26. "an asset that is equally as dual use as a car, water, or any other traditional element that has existed."
  27. "Digital gold"
  28. Easy to use
  29. Cannot be stolen
  30. Cannot be hacked
  31. Can be mined by anyone
  32. Can be mined by anyone, even with an old computer or laptop
  33. Cannot be centralized
  34. Will return power back to the people.
  35. Not a Ponzi scam
  36. Not a Pyramid scam
  37. Never pay tax again
  38. Your gains cannot be taxed
  39. A currency
  40. An amazing new class of asset
  41. An asset
  42. A means to economic freedom
  43. A store of value
  44. The best investment the word has ever seen
  45. A great investment
  46. Efficient
  47. Scalable
  48. Stable
  49. Resilient
  50. Reliable
  51. Low energy
  52. Low risk
  53. Redistribute wealth to everybody
  54. No more have's and have not's
  55. No more US and THEM
  56. No more disadvantaged people
  57. No more RICH and POOR
  58. No more poor people
  59. Uses amazing new technology
  60. Uses ingenious new technology
  61. Satishi Nakamoto invented ...
  62. Segwit will solve all of Bitcoin's woes
  63. Lightning Network will solve all of Bitcoin's woes
  64. Limited by scarcity
  65. Can only go up in value
  66. Price cannot crash
  67. Has intrinsic value
  68. Value will always be worth more than cost to mine
  69. Adoption by investors is increasing exponentially
  70. Adoption by investors is increasing
  71. Adoption by merchants is increasing exponentially
  72. Adoption by merchants is increasing
  73. You are secure if you keep your coins on an exchange
  74. You are secure if you keep your coins in a hardware wallet
  75. You are secure if you keep your coins in an air-gapped Linux PC
  76. Will change the world
  77. "the next phase in human evolution"
  78. "Blockchain is more encompassing than the internet"
  79. Blockchain can solve previously unsolvable problems.
  80. "The only regulation we need is the blockchain"
  81. "Bank the unbanked"
  82. "To abolish financial slavery and the state's toxic monopoly on money."
  83. "To have better tools in the fight against the state violence and taxation."
  84. "To stamp information on a blockchain forever so we can bypass state censorship, copyrights, patents(informational monopolies) etc."
  85. Will destroy / overthrow FIAT
  86. Will destroy / overthrow the world's governments
  87. Will destroy / overthrow the banking system
  88. Will destroy / overthrow the world economies
  89. Will free people from tyranny
  90. Will give people financial freedom
  91. Will bring world peace
  92. Never going below $19K again
  93. Never going below $18K again
  94. Never going below $17K again
  95. Never going below $16K again
  96. Never going below $15K again
  97. Never going below $14K again
  98. Never going below $13K again
  99. Never going below $12K again
  100. Never going below $11K again
  101. Never going below $10K again
  102. Never going below $9K again
  103. Never going below $8K again
  104. Never going below $7K again
  105. Never going below $6K again
  106. Never going below $5K again
  107. Never going below $4K again
  108. Is NOT a Scam
  109. Hashing Power secures the Bitcoin network
  110. Untraceable, private transactions
  111. Guaranteed privacy
  112. Not created out of thin air
  113. Not created out of thin air by unregulated, unbacked entities
  114. Totally NOT a scam
  115. Is not used primarily by crimonals, drug dealers, or money launderers.
  116. 100% secure
  117. 2010 will be the "Year of Crypto"
  118. 2011 will be the "Year of Crypto"
  119. 2012 will be the "Year of Crypto"
  120. 2013 will be the "Year of Crypto"
  121. 2014 will be the "Year of Crypto"
  122. 2015 will be the "Year of Crypto"
  123. 2016 will be the "Year of Crypto"
  124. 2017 will be the "Year of Crypto"
  125. 2018 will be the "Year of Crypto"
  126. 2019 will be the "Year of Crypto"
  127. 2010: MASS ADOPTION any day now"
  128. 2011: MASS ADOPTION aany day now"
  129. 2012: MASS ADOPTION aaany day now"
  130. 2013: MASS ADOPTION aaaany day now"
  131. 2014: MASS ADOPTION aaaaany day now"
  132. 2015: MASS ADOPTION aaaaaany day now"
  133. 2016: MASS ADOPTION aaaaaaany day now"
  134. 2017: MASS ADOPTION aaaaaaaany day now"
  135. 2018: MASS ADOPTION aaaaaaaaany day now"
  136. 2019: MASS ADOPTION aaaaaaaaany day now"
  137. "Financial Freedom, bro."
  138. no single entity, government or individual, can alter or reverse its transactions
  139. insurance against the tyranny of state
  140. Bitcoin has come to destroy all governments and bring about the libertarian utopia of my dreams.
  141. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 2+ years.
  142. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 5+ years.
  143. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 7+ years.
  144. The major issues in Bicoin's network will be fixed. This is still early days, Bitcoin has only been around for 9+ years.
  145. 1,000's of predictions of skyrocketing and/or never falling prices
  146. Escape the petty rivalries of warring powers and nation states by scattering control among the many. The Bitcoin Cash debacle proves that even the most cryptographically secure plans of mice and men often go awry. Ref: https://www.reddit.com/Buttcoin/comments/9zfhb6/like_theres_only_one_flaw_with_buttcoin_crash/ea8s11m
  147. People will NEVER be able to welch out of bets or deals again. Nov-2018, Ref: https://www.reddit.com/Buttcoin/comments/9zvpl2/the_guy_who_made_the_1000_bet_that_btc_wouldnt/
  148. "Everything will be better, faster, and cheaper.", Brock Pierce, EOS.io shill video.
  149. "Everything will be more connected.", Brock Pierce, EOS.io shill video.
  150. "Everything will be more trustworthy.", Brock Pierce, EOS.io shill video.
  151. "Everything will be more secure.", Brock Pierce, EOS.io shill video.
  152. "Everything that exists is no-longer going to exist in the way that it does today.", Brock Pierce, EOS.io shill video.
  153. "Everything in this world is about to get better.", Brock Pierce, EOS.io shill video.
  154. You are a slave to the bankers
  155. The bankers print money and then you pay for it
  156. Bitcoin is The Peoples Money
  157. Bitcoin will set you free
  158. Bitcoin will set you free from the slavery of the banks and the government Ref: https://www.reddit.com/Bitcoin/comments/cd2q94/bitcoin_shall_set_you_free/
  159. ~~Bitcoin is "striking fear into the hearts of bankers, precisely because Bitcoin eliminates the need for banks. ~~, Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  160. "When transactions are verified on a Blockchain, banks become obsolete.", Mark Yusko, billionaire investor and Founder of Morgan Creek Capital, https://www.bitcoinprice.com/predictions/
  161. SnapshillBot quotes from delusional morons:
  162. "A bitcoin miner in every device and in every hand."
  163. "All the indicators are pointing to a huge year and bigger than anything we have seen before."
  164. "Bitcoin is communism and democracy working hand in hand."
  165. "Bitcoin is freedom, and we will soon be free."
  166. "Bitcoin isn't calculated risk, you're right. It's downright and painfully obvious that it will consume global finance."
  167. "Bitcoin most disruptive technology of last 500 years"
  168. "Bitcoin: So easy, your grandma can use it!"
  169. "Creating a 4th Branch of Government - Bitcoin"
  170. "Future generations will cry laughing reading all the negativity and insanity vomited by these permabears."
  171. "Future us will thank us."
  172. "Give Bitcoin two years"
  173. "HODLING is more like being a dutiful guardian of the most powerful economic force this planet has ever seen and getting to have a say about how that force is unleashed."
  174. "Cut out the middleman"
  175. "full control of your own assets"
  176. "reduction in wealth gap"
  177. "no inflation"
  178. "cannot print money out of thin air"
  179. "Why that matters? Because blockchain not only cheaper for them, it'll be cheaper for you and everyone as well."
  180. "If you are in this to get rich in Fiat then no. But if you are in this to protect your wealth once the current monetary system collapse then you are protected and you'll be the new rich."
  181. "Theres the 1% and then theres the 99%. You want to be with the rest thats fine. Being different and brave is far more rewarding. No matter your background or education."
  182. "NO COINERS will believe anything they are fed by fake news and paid media."
  183. "I know that feeling (like people looking at you as in seeing a celebrity and then asking things they don't believe until their impressed)."
  184. "I literally walk round everyday looking at other people wondering why they even bother to live if they don't have Bitcoin in their lives."
  185. "I think bitcoin may very well be the best form of money we’ve ever seen in the history of civilization."
  186. "I think Bitcoin will do for mankind what the sun did for life on earth."
  187. "I think the constant scams and illegal activities only show the viability of bitcoin."
  188. "I think we're sitting on the verge of exponential interest in the currency."
  189. "I'm not using hyperbole when I say Satoshi found the elusive key to World Peace."
  190. "If Jesus ever comes back you know he's gonna be using Bitcoin"
  191. "If this idea was implemented with The Blockchain™, it would be completely flawless! Flawless I tell you!"
  192. "If you're the minimum wage guy type, now is a great time to skip food and go full ramadan in order to buy bitcoin instead."
  193. "In a world slipping more and more into chaos and uncertainty, Bitcoin seems to me like the last solid rock defeating all the attacks."
  194. "In this moment, I am euphoric. Not because of any filthy statist's blessing, but because I am enlightened by own intelligence."
  195. "Is Bitcoin at this point, with all the potential that opens up, the most undervalued asset ever?"
  196. "It won't be long until bitcoin is an everyday household term."
  197. "It's the USD that is volatile. Bitcoin is the real neutral currency."
  198. "Just like the early Internet!"
  199. "Just like the Trojan Horse of old, Bitcoin will reveal its full power and nature"
  200. "Ladies if your man doesnt have some bitcoin then he cant handle anything and has no danger sex appeal. He isnt edgy"
  201. "let me be the first to say if you dont have bitcoin you are a pussy and cant really purchase anything worldwide. You have no global reach"
  202. "My conclusion is that I see this a a very good thing for bitcoin and for users"
  203. "No one would do such a thing; it'd be against their self interests."
  204. "Ooh lala, good job on bashing Bitcoin. How to disrespect a great innovation."
  205. "Realistically I think Bitcoin will replace the dollar in the next 10-15 years."
  206. "Seperation of money and state -> states become obsolete -> world peace."
  207. "Some striking similarities between Bitcoin and God"
  208. "THANK YOU. Better for this child to be strangled in its crib as a true weapon for crypto-anarchists than for it to be wielded by toxic individuals who distort the technology and surrender it to government and corporate powers."
  209. "The Blockchain is more encompassing than the internet and is the next phase in human evolution. To avoid its significance is complete ignorance."
  210. "The bull run should begin any day now."
  211. "The free market doesn't permit fraud and theft."
  212. "The free market will clear away the bad actors."
  213. "The only regulation we need is the blockchain."
  214. "We are not your slaves! We are free bodies who will swallow you and puke you out in disgust. Welcome to liberty land or as that genius called it: Bitcoin."
  215. "We do not need the bankers for Satoshi is our saviour!"
  216. "We have never seen something so perfect"
  217. "We must bring freedom and crypto to the masses, to the common man who does not know how to fight for himself."
  218. "We verified that against the blockchain."
  219. "we will see a Rennaisnce over the next few decades, all thanks to Bitcoin."
  220. "Well, since 2006, there has been a infinite% increase in price, so..."
  221. "What doesn't kill cryptocurrency makes it stronger."
  222. "When Bitcoin awake in normally people (real people) ... you will have this result : No War. No Tax. No QE. No Bank."
  223. "When I see news that the price of bitcoin has tanked (and thus the market, more or less) I actually, for-real, have the gut reaction "oh that’s cool, I’ll be buying cheap this week". I never knew I could be so rational."
  224. "Where is your sense of adventure? Bitcoin is the future. Set aside your fears and leave easier at the doorstep."
  225. "Yes Bitcoin will cause the greatest redistribution of wealth this planet has ever seen. FACT from the future."
  226. "You are the true Bitcoin pioneers and with your help we have imprinted Bitcoin in the Canadian conscience."
  227. "You ever try LSD? Perhaps it would help you break free from the box of state-formed thinking you have limited yourself..."
  228. "Your phone or refrigerator might be on the blockchain one day."
  229. The banks can print money whenever they way, out of thin air, so why can't crypto do the same ???
  230. Central Banks can print money whenever they way, out of thin air, without any consequences or accounting, so why can't crypto do the same ???
  231. It's impossible to hide illegal, unsavory material on the blockchain
  232. It's impossible to hide child pornography on the blockchain
  233. Fungible
  234. All Bitccoins are the same, 100% identical, one Bitcoin cannot be distinguished from any other Bitcoin.
  235. The price of Bitcoin can only go up.
  236. "Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  237. Scarcity
  238. The price of Bitcoin can only go up because of scarcity / 21 million coin limit. (Bitcoin is open source, anyone can create thir own copy, and there are more than 2,000+ Bitcoin copies / clones out there already).
  239. immune to government regulation
  240. "a world-changing technology"
  241. "a long-term store of value, like gold or silver"
  242. "To Complex to Be Audited."
  243. "Old Auditing rules do not apply to Blockchain."
  244. "Old Auditing rules do not apply to Cryptocurrency."
  245. "Why Bitcoin has Value: SCARCITY.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  246. "Bitcoin is the first scarce digital object the world has ever seen, it is scarce like silver & gold, and can be sent over the internet, radio, satellite etc.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  247. "Surely this digital scarcity has value.", PlanB, Coin Shill, 22-Mar-2019, https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25
  248. Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else", John McAfee, 7 Dec 2017 @ 5:09 PM,https://mobile.twitter.com/officialmcafee/status/938938539282190337
  249. "May 2018 will be the last time we ever see $bitcoin under $10,000", Charlie Shrem, bitcoin advocate and convicted felon, 11:31 AM 3-May-2018, https://twitter.com/CharlieShrem/status/992109375555858433
  250. "Last dip ever.", AngeloBTC, 14 Oct 2018, https://mobile.twitter.com/AngeloBTC/status/1051710824388030464/photo/1
  251. "Bitcoin May Have Just Experienced its Final Shakeout Before a Big Rally", Joseph Young, coin shill, October 15, 2018 22:30 CET, https://www.ccn.com/bitcoin-may-have-just-experienced-its-final-shakeout-before-a-big-rally/
  252. Bitcoin would be a buy if the price fell under $5,000., Mohamed El-Erian, chief economic advisor at Allianz, 29-Jun-2018, https://www.ccn.com/bitcoin-a-buy-below-5000-says-allianz-chief-economic-adviso
  253. 2013-11-27: ""What is a Citadel?" you might wonder. Well, by the time Bitcoin became worth 1,000 dollar [27-Nov-2013], services began to emerge for the "Bitcoin rich" to protect themselves as well as their wealth. It started with expensive safes, then began to include bodyguards, and today, "earlies" (our term for early adapters), as well as those rich whose wealth survived the "transition" live in isolated gated cities called Citadels, where most work is automated. Most such Citadels are born out of the fortification used to protect places where Bitcoin mining machines are located. The company known as ASICminer to you is known to me as a city where Mr. Friedman rules as a king.", u/Luka_Magnotta, aka time traveler from the future, 31-Aug-2013, https://www.reddit.com/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/
  254. 2018-02: Bitcoin price to hit $27,000 by February 2018, Trace Mayer, host of the Bitcoin Knowledge Podcast, and self-proclaimed entrepreneur, investor, journalist, monetary scientist and ardent defender, Link #1: https://mobile.twitter.com/TraceMayestatus/917260836070154240/photo/1, Link #2: https://www.bitcoinprice.com/predictions/
  255. 2018-06: "Bitcoin will surpass $15,000 in June [2018]." John McAfee, May 25, 2018, https://bitcoinist.com/john-mcafee-says-bitcoin-will-surpass-15000-in-june/
  256. 2018-07: Bitcoin will be $28,000 by mid-2018, Ronnie Moas, Wall Street analyst and founder of Standpoint Research, http://helpfordream.com/2018/12/23/5-bitcoin-price-predictions-gone-wrong/.
  257. 2018-12: Bitcoin to reach a price of between 40,000 and 110,000 US dollars by the end of the 2017 bull run ... sometime before 2019, Masterluc, 26-May-2017, an anonymous "legendary" Bitcoin trader, Link #1: https://www.tradingview.com/chart/BTCUSD/YRZvdurN-The-target-of-current-bubble-lays-between-40k-and-110k/, Link #2: https://www.bitcoinprice.com/predictions/
  258. 2018-12: "There is no reason why we couldn’t see Bitcoin pushing $50,000 by December [2018]", Thomas Glucksmann, head of APAC business at Gatecoin, Link #1: https://www.bitcoinprice.com/predictions/
  259. 2018-12: Listen up you giggling cunts... who wants some?...you? you want some?...huh? Do ya? Here's the deal you fuckin Nerds - Butts are gonna be at 30 grand or more by next Christmas [2018] - If they aren't I will publicly administer an electronic dick sucking to every shill on this site and disappear forever - Until then, no more bans or shadow bans - Do we have a deal? If Butts are over 50 grand me and Lammy get to be mods. Deal? Your ole pal - "Skully" u/10GDeathBoner, 3-Feb-2018 https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/
  260. 2018-12: 1 bitcoin = 1 Lambo. Remind me on Christmas eve [2018] u/10GDeathBoner, 3-Feb-2018, https://www.reddit.com/Buttcoin/comments/7ut1ut/listen_up_you_giggling_cunts_who_wants_someyou/dtn2pna
  261. 2018-12: Been in BTC since 2014 and experienced many "deaths" of BTC... this too shall pass... $10k end of the year. [2018] u/Exxe2502, 30-Jun-2018 https://reddit.com/Bitcoin/comments/8uur27/_/e1ioi5b/?context=1
  262. 2018-12: "Yale Alumni prediction - 30 Grand by Christmas [2018] - and you my friend... you will be the one eating Mcafee's dick in 2020. :) -:", u/SirNakamoto, 15-Jun-2018, https://www.reddit.com/Buttcoin/comments/8r0tyh/fdic_agrees_to_cover_bitcoin_losses_in_event_of/e0nzxq7
  263. 2018-12: "Impossible For Bitcoin Not to Hit $10,000 by This Year (2018)", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 22-Sep-2018, https://www.newsbtc.com/2018/09/22/billionaire-novogratz-impossible-for-bitcoin-not-to-hit-10000-by-this-yea
  264. 2018-12: "[Bitcoin] between $13,800 and $14,800 [by end of 2018]", Fundstrat's Tom Lee, 13-Dec-2018, https://www.cnbc.com/2018/12/13/wall-streets-bitcoin-bull-tom-lee-we-are-tired-of-people-asking-us-about-target-prices.html
  265. 2018-12: "Bitcoin is going to be $15k-$20k by the end of the year (2018)", Didi Taihuttu, 1-Nov-2018, https://www.wsj.com/video/series/moving-upstream/the-bitcoin-gamble/85E3A4A7-C777-4827-9A3F-B387F2AB7654
  266. 2018-12: 2018 bitcoin price prediction reduced to $15,000 [was $25,000], Fundstrat's Tom Lee, 16-Nov-2018, https://www.cnbc.com/2018/11/16/wall-streets-crypto-bull-tom-lee-slashes-year-end-forecast-by-10000.html
  267. 2018-12: "I want to be clear, bitcoin is going to $25,000 by year end (2018)", Fundstrat's Tom Lee, 5-Jul-2018, https://www.cnbc.com/video/2018/07/05/tom-lee-i-want-to-be-clear-bitcoin-is-going-to-25000-by-year-end.html
  268. 2018-12: "Bitcoin could be at $40,000 by the end of 2018, it really easily could", Mike Novogratz, a former Goldman Sachs Group Inc. partner, ex-hedge fund manager of the Fortress Investment Group and a longstanding advocate of cryptocurrency, 21-Sep-2018, https://www.youtube.com/watch?v=6lC1anDg2KU
  269. 2018-12: "Bitcoin will be priced around $50,000 by the end of the year (2018)", Bitcoin bull Arthur Hayes, co-founder and CEO of BitMEX, 29-Jun-2018, https://www.cnbc.com/2018/06/29/bitcoin-will-reach-50000-in-2018-says-founder-of-bitcoin-exchange.html
  270. 2018-12: "Bitcoin could definitely see $50,000 in 2018", Jeet Singh, cryptocurrency portfolio manager, speaking in January 2018 at the World Economic Forum in Davos, https://www.dcforecasts.com/new-prediction-says-bitcoin-hit-50000-2018/
  271. 2018-12: "Bitcoin will hit $100,000 this year (2018)", Kay Van-Petersen, an analyst at Saxo Bank, 17-Jan-2018, https://www.cnbc.com/2018/01/16/bitcoin-headed-to-100000-in-2018-analyst-who-forecast-2017-price-move.html
  272. 2018-12: "Bitcoin price to surpass the $100,000 mark by the end of 2018", Tone Vays, 21-Sep-2017, https://www.ccn.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/
  273. 2018-12: "Bitcoin’s Price Will Surpass the $100,000 Mark by the End of 2018", Anonymous ("author" obviously too embarrassed to put his name to such bullshit "articles"), Oct-2018, https://investingpr.com/bitcoin-price-predictions-for-2018/
  274. 2018-12: "Our [2018] year-end bitcoin target is $7700.", James Stefurak, Founder at Monarch Research. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  275. 2018-12: "... we’ll see the price rally reaching its all-time of high of around $20K before the end of 2018", Khaled Khorshid, Co-Founder at Treon ICO. See article: "Experts Forecast Bitcoin will rise by 2019", REF: https://hackernoon.com/experts-forecast-bitcoin-will-rise-by-2019-f4af8807036b?gi=dfea3c30d6d8
  276. 2018-12: Bitcoin will end 2018 at the price point of $50,000, Ran Neuner, host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia,https://www.bitcoinprice.com/predictions/
  277. Plus a whole host of wrong 2019 predictions (could not be included here because of post character limit issues), so please see my earlier post from 4 days ago: Ummm, remember those "Expert" Bitcoin Price Predictions for 2019 ..... ohhhhh dear ....., https://www.reddit.com/Buttcoin/comments/eiqhq3/ummm_remember_those_expert_bitcoin_price/
.
But it's NOT all bad news, some claims and promises are yet to be determined:
  1. Never going below $3K again
  2. Never going below $2K again
  3. Never going below $1K again
  4. Any others ? Please let me know.
submitted by Crypto_To_The_Core to Buttcoin [link] [comments]

A Hefty Apology..

First, I'd like to apologies for how long this is going to be, but I believe context is everything.
I'd like to apologize to the Nano community. Since before the re brand I've always cracked jokes about the project, primarily because I can't stand moonbois.. but I digress.
I guess you could say I was early on the Bitcoin chain. I was blown away by the white paper and mined coins before ASICs we're even a discussion. Never got rid of them or anything, just thought it was an amazing concept to me since I had been repeatedly jacked around by a few banks. However, as a recurring theme life happened and I fell out of it completely. A few years went by when someone brought it up to me and when I asked how much it was worth, I almost had a heart attack. Probably shouldn't have spilled beer on the laptop holding my address and key. It didn't even cross my mind when I threw it out..
So I was back, other projects were on the come up and I took interest. Thought they were great, still do.. But I couldn't wrap my head around a lot of it. I'm familiar with code like I am around the block of an engine, but I'm not a mechanic. I couldn't fathom having to use a calculator to figure out how much gas I needed to send 100 coins of X. Thought I did it right and boom... Dust. The rage. Made some good strides and learned from previous mistakes, but I was still somewhat upset with decisions made within these projects. Who would think that was okay? Life happened again and I dropped out for quite awhile again to return back to a colleague at work mentioning BTC at around 9K. I quietly (I don't mention to many people about how involved I've been) checked out my addresses and was blown away. So I was back.
Yeah I made gains (lost a lot too), but I was already well on my way in life and career and didn't need the rocket in some dream of a lambo (Masi's are better). I just wanted all of this to work. Again, it seemed like it was too hard to do anything, move things around... Dust here, dust there.. None the less, I learned more. Taught myself some code just so I could understand the githubs.. No desire to code, just wanted to learn. The dream I saw a few years ago was growing and I felt optimistic. Stuck around for a long run and then life happened again.
Came back at probably the best time in late summer 2017. You want to talk about diversification... I just (today) burned a stack of papers with private keys written down to projects I forgot even existed. The mayhem! Anyway, won some lost some yeah yeah everyone has those stories....
I was still frustrated because that image I had in my head when I was a bit younger was not really fulfilled. Man, these moonbois, let me tell you. At the time and shortly after cracking jokes and having fun was basically my MO (I'm very sarcastic, still am). But yet again, life happened and I let everything just sit where the chips were.. With the exception of those burned out GPUs and the S9's. They went into the trash.
Life gave me a nice little easy path more recently and I've been poking my head around again. The moonboi epidemic is definitely at an ATH. But where the hell was this image I had years back and now and why did it seem like it died? Too many scams? Too many hacks? Too much smoke and mirrors? The founding idea is/was so perfect?
But I wanted that image. The past couple weeks I've been being my sarcastic ass and ripping a bit on Nano. I saw an actual well thought out post on Reddit and thought “Alright, that's pretty well said. Let me hear this out.” So I took a look. Thought it was better put together than other projects so I lurked around.
Today in the daily general I asked for a laymen's approach. I didn't need it, but I wanted to see what would be thrown at me. I was impressed. I saw on another thread about Natrium and a faucet... DAMN, that was fast. Alright I thought, let's dabble. So I did what I always do.. Took a little BTC to the exchange, picked up some nano, set up the ledger and mobile app and tested some stuff out.
Do you know the feeling after everything I just said to send 10 Nano from the exchange (including fee) to a mobile wallet, to the ledger, back to the mobile wallet and then back to the exchange and in the end... still have 10 Nano? In under less than I don't even know.. as fast as I could copy and paste it?!
I called for my wife took her phone and sent myself 10 Nano back and forth. Man am I an asshole. I'm not “In” so to speak, because honestly, at this point. I don't care about prices. I just want to use the shit. Life happens, I want to be able to continue down life and use this shit. The last time I actually used BTC for anything was in 2014.
BTC is digital gold for me.. Yeah, Yeah, Yeah... Sounds like some WSJ headline, I know. But it's been a good hedge against inflation for what's it worth. But during that second to last time I was back.. the Tx fees were unbelievable. Store of value, all the way, buying a snickers bar? No thanks mate.
I'm actually late to meet a friend at the bar for our weekly pint, was gonna just send this, but he's a moonboi. One sec. Lol --- 45 min later --- Alright, at the pub. Got him to download Natrium. We're now gonna just buy eac hother drinks for the next few hours.
I have some questions regarding decentralization.. bottle necking, spam transactions, but I can ask them in discord I guess. My only fear is that this could be replicated by Chase/BofA etc, but then again, I kind of left them years ago for a reason.
I'm sorry, okay. I'm sorry I was a sarcastic asshole. This is by far the closest thing I've wanted in a very long time. Send 1 Nano.. Get 1 Nano. Who would have thought. I'm going back to darts, but before I go...
- Can someone send me something on how to set up a node? Walk through maybe?
- Mods should pin this. I don't care about worthless internet points. Truth is I'm on my 9th or 10th Reddit account. So, I'll retire this one as soon as I hit send. But I think there is a valuable lesson from my time in this crazy town.
I'm not getting rid of my BTC and “going all in for the moonbois”. But I'll definitely be using my Nano. Whenever or wherever I can.
Thank you.
submitted by zBeale to nanocurrency [link] [comments]

How I LOST a lot of money with Bitcoin, and why I don't give a fuck.

I Buy Bitcoin

There, now you know, I own a Bitcoin (or more) and I buy them fucking coins.
Recently I had an investor come to me with big monster dollars; he says buy me dem fucking coins. I wait for the right time to buy, and boom it's $13k...
Long story short, my investor is down 20%. Does he give a fuck? Nope! Why? Cause he ain't cashing out!
He's got time, and I got confidence dem coins be going back to $11k... and probably more!
4 YEARS - 4 years is the life-cycle of a Bitcoin.
In 4 years, Bitcoins should be expected to double. Merely doubling every 4 years is 19% returns (annualized)... HOLLARAGE!
If Bitcoins go to $22k... in the next 4 years... my investor is psyched. If it hits $88k in... 12 years... that's still awesome.
Even with only 20% of his portfolio devoted to Bitcoins, Bitcoins might out earn the other 80%... with far, far less work, effort, and taxes - just buying and holding for multiple years.
And that is even if it only hits $88k IN TWELVE YEARS. That's 19% ROI (BTC) vs 8% ROI (SPY).
Now that man is old. He don't need no money.
But what 'bout me? I got bills homes.
Now here is deh trick.
ARE YOU EARNING YOUR MAXIMUM?
Probably, for reasons, you ain't.
What's that mean? It means you are losing - LOSING - money each year you work, below the better wage.
Bitcoin ain't my meal ticket... that's work. Bitcoin is my lifelong security ticket.
But Bitcoin gives me something other investments don't, POSSIBILITY. The possibility to get to quit work and retire, instantly.
Now what do you do with new found knowledge? Well first you focus on making that fooking dollar. Make so much dollar, working almost seems fun. What does it take to make that? A new mindset. Checkout a business book, visit professional clubs, make that fucking money.
You got to get smart.
Focus on no less than $200k per annum for self-employed, or $100k if W2 with full benefits - accept absolutely no less.
Are you making $30k / year? Invest in skill training, equipment. For $10k you can nab a computer programming career in a year paying $60k.
That's 300% return on investment, do it. Fully capitalized (profit x 5), that's $150k expected from a $10k investment... CLAP HANDS DO IT.
If ya got to work for fucking money, make it easy. Make it reward. Get smart, so the money gets easy. Get them rewards, so that you enjoy that work.
HOW LONG HAVE YOU SUFFERED AT LOW PAY? How long did you allow yourself to 'slave' without any chance of success or thriving!
NO MORE!
I committed myself to smart work, making good dollar some 2 years ago.
But still Bitcoin boomed... so what did I do? Did I buy a lambo? Did I quit?
Fuck all, no!
BOOM - Now my salary demands doubled - doubled mother fucker.
In 2 years I go from $80k to $200k (annualized, self-employed).
But do I actually make that $200k? No.
More like I went from $80k to $80k... but from 30 hours to 10 hours of laboring, per week.
The thing is, I ABSOLUTELY LOVE MY JOB!
You'd be surprised, but getting paid $200 / hour makes you love god-damn about anything, honestly.
Even if Bitcoin booms, would I retire? Fuck no. WHY THE FUCK WOULD I? I GET PAID FUCKING AMAZING!
And what if Bitcoin goes slow, or in the tubes? WHO GIVES A FUCK! I making money hand over fist, and got the career path to earn butt loads more.
I might spend 10 hours per week now branding or networking to make the next mark... but laboring a mere 2 hours more per week might double my savings... that's huge!
And what am I going to do if Bitcoin goes bust?
TAKE ANOTHER STAB MOTHER FUCKER!
I got Tesla in my sights, I had Lambda School on the radar from day 1.
TAKE A STAB!
If you lose out, you keep working... GREAT! I got to do that EVEN IF I WIN with the STOCK MARKET!
But if you take a chance on an early investment stage startup, you can get 100% annualized returns.
It only takes a few of these to hit, and boom, you are fucking a loaded god.
But I got money security because I have skills security.
I got the skills to make the fucking money.
What I need is WEALTH, not money.
For my buck, Bitcoin is the best wealth making investment at this point in time, available to a general public.
Bitcoin is also the best store of wealth, cause it's mobile, and I am mobile.. I can't get cornered at the ATM by Uncle Sam nor can I get trapped having to liquidate and rotate around a series of real-estate and stock holdings, should I want to move to Puerto Rico, or whatnot.
And inflation risk is less concerning, with Bitcoin... and the passive price inflation is expected to be 19%, at a mere doubling every 4 years. That is HUGGGEEE!
In fact, I've taken out (don't hate me) loans at good interest rates and long payoffs, to buy them fucking coins.
While it sounds crazy, students absolutely should be buying long-term, huge-payoff investments (like Bitcoin) - financially speaking
But that is aside the point. The point is:
If you are worried about a dip - EARN MORE MONEY!
If you are want wealth - GO LONG! 4 YEARS AT LEAST!
If you want a lambo - YOU ARE A MORON! - and -
If you want to retire - GET PAID MORE TODAY!
And beyond that, just be realistic. 8% returns is about the SPY average, but say even 11% is a reasonably well-managed index - still, that is miles below 19% for Bitcoin.
Now how does BTC get to 19%? By maintaining consistent demand, and consistent cash-out-cash-in rates of investment.
Not consistent PERCENTAGES, but consistent DOLLARS.
In effect, for Bitcoin to fail to achieve 19% (over 4 years), barring an unusual event (like Satoshi liquidating), then the amount of DOLLARS on the planet must never increase (technology stops, population flatlines) OR Bitcoin has already reached peak popularity, and significantly so.
So that's the question to you...
Has an investment that predictably returns 19% reached peak popularity and widespread public adoption? An investment unseizable, totally movable, and completely passive? Transferable worldwide in an instant?
I think not. I say we got ROOOOOOMMM to grow.
And that is why I don't give a fuck about losing money - I'm not about to take it out in cash.
And that is why I don't give a fuck about selling Bitcoins - I'm only selling to EARN way more money in job skills, which goes back to Bitcoin.
sploosh peace out!
submitted by Bitcoin1776 to Bitcoin [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to dogemining [link] [comments]

Craig Steven Wright is Satoshi Nakamoto

A couple of years ago in the early months of the 2017, I published a piece called Abundance Via Cryptocurrencies (https://www.reddit.com/C\_S\_T/comments/69d12a/abundance\_via\_cryptocurrencies/) in which I kind of foresaw the crypto boom that had bitcoin go from $1k to $21k and the alt-coin economy swell up to have more than 60% of the bitcoin market capitalisation. At the time, I spoke of coming out from “the Pit” of conspiracy research and that I was a bit suss on bitcoin’s inception story. At the time I really didn’t see the scaling solution being put forward as being satisfactory and the progress on bitcoin seemed stifled by the politics of the social consensus on an open source protocol so I was looking into alt coins that I thought could perhaps improve upon the shortcomings of bitcoin. In the thread I made someone recommended to have a look at 4chan’s business and finance board. I did end up taking a look at it just as the bull market started to really surge. I found myself in a sea of anonymous posters who threw out all kinds of info and memes about the hundreds, thousands, tens of thousands of different shitcoins and why they’re all going to have lambos on the moon. I got right in to it, I loved the idea of filtering through all the shitposts and finding the nuggest of truth amongst it all and was deeply immersed in it all as the price of bitcoin surged 20x and alt coins surged 5-10 times against bitcoin themselves. This meant there were many people who chucked in a few grand and bought a stash of alt coins that they thought were gonna be the next big thing and some people ended up with “portfolios” 100-1000x times their initial investment.
To explain what it’s like to be on an anonymous business and finance board populated with incel neets, nazis, capitalist shit posters, autistic geniuses and whoever the hell else was using the board for shilling their coins during a 100x run up is impossible. It’s hilarious, dark, absurd, exciting and ultimately addictive as fuck. You have this app called blockfolio that you check every couple of minutes to see the little green percentages and the neat graphs of your value in dollars or bitcoin over day, week, month or year. Despite my years in the pit researching conspiracy, and my being suss on bitcoin in general I wasn’t anywhere near as distrustful as I should have been of an anonymous business and finance board and although I do genuinely think there are good people out there who are sharing information with one another in good faith and feel very grateful to the anons that have taken their time to write up quality content to educate people they don’t know, I wasn’t really prepared for the level of organisation and sophistication of the efforts groups would go to to deceive in this space.
Over the course of my time in there I watched my portfolio grow to ridiculous numbers relative to what I put in but I could never really bring myself to sell at the top of a pump as I always felt I had done my research on a coin and wanted to hold it for a long time so why would I sell? After some time though I would read about something new or I would find out of dodgy relationships of a coin I had and would want to exit my position and then I would rebalance my portfolio in to a coin I thought was either technologically superior or didn’t have the nefarious connections to people I had come across doing conspiracy research. Because I had been right in to the conspiracy and the decentralisation tropes I guess I always carried a bit of an antiauthoritarian/anarchist bias and despite participating in a ridiculously capitalistic market, was kind of against capitalism and looking to a blockchain protocol to support something along the lines of an open source anarchosyndicalist cryptocommune. I told myself I was investing in the tech and believed in the collective endeavour of the open source project and ultimately had faith some mysterious “they” would develop a protocol that would emancipate us from this debt slavery complex.
As I became more and more aware of how to spot artificial discussion on the chans, I began to seek out further some of the radical projects like vtorrent and skycoin and I guess became a bit carried away from being amidst such ridiculous overt shilling as on the boards so that if you look in my post history you can even see me promoting some of these coins to communities I thought might be sympathetic to their use case. I didn’t see it at the time because I always thought I was holding the coins with the best tech and wanted to ride them up as an investor who believed in them, but this kind of promotion is ultimately just part of a mentality that’s pervasive to the cryptocurrency “community” that insists because it is a decentralised project you have to in a way volunteer to inform people about the coin since the more decentralised ones without premines or DAO structures don’t have marketing budgets, or don’t have marketing teams. In the guise of cultivating a community, groups form together on social media platforms like slack, discord, telegram, twitter and ‘vote’ for different proposals, donate funds to various boards/foundations that are set up to give a “roadmap” for the coins path to greatness and organise marketing efforts on places like reddit, the chans, twitter. That’s for the more grass roots ones at least, there are many that were started as a fork of another coin, or a ICO, airdrop or all these different ways of disseminating a new cryptocurrency or raising funding for promising to develop one. Imagine the operations that can be run by a team that raised millions, hundreds of millions or even billions of dollars on their ICOs, especially if they are working in conjunction with a new niche of cryptocurrency media that’s all nepotistic and incestuous.
About a year and a half ago I published another piece called “Bitcoin is about to be dethroned” (https://www.reddit.com/C\_S\_T/comments/7ewmuu/bitcoin\_is\_about\_to\_be\_dethroned/) where I felt I had come to realise the scaling debate had been corrupted by a company called Blockstream and they had been paying for social media operations in a fashion not to dissimilar to correct the record or such to control the narrative around the scaling debate and then through deceit and manipulation curated an apparent consensus around their narrative and hijacked the bitcoin name and ticker (BTC). I read the post again just before posting this and decided to refer to it to to add some kind of continuity to my story and hopefully save me writing so much out. Looking back on something you wrote is always a bit cringey especially because I can see that although I had made it a premise post, I was acting pretty confident that I was right and my tongue was acidic because of so much combating of shills on /biz/ but despite the fact I was wrong about the timing I stand by much of what I wrote then and want to expand upon it a bit more now.
The fork of the bitcoin protocol in to bitcoin core (BTC) and bitcoin cash (BCH) is the biggest value fork of the many that have occurred. There were a few others that forked off from the core chain that haven’t had any kind of attention put on them, positive or negative and I guess just keep chugging away as their own implementation. The bitcoin cash chain was supposed to be the camp that backed on chain scaling in the debate, but it turned out not everyone was entirely on board with that and some players/hashpower felt it was better to do a layer two type solution themselves although with bigger blocks servicing the second layer. Throughout what was now emerging as a debate within the BCH camp, Craig Wright and Calvin Ayre of Coin Geek said they were going to support massive on chain scaling, do a node implementation that would aim to restore bitcoin back to the 0.1.0 release which had all kinds of functionality included in it that had later been stripped by Core developers over the years and plan to bankrupt the people from Core who changed their mind on agreeing with on-chain scaling. This lead to a fork off the BCH chain in to bitcoin satoshis vision (BSV) and bitcoin cash ABC.

https://bitstagram.bitdb.network/m/raw/cbb50c322a2a89f3c627e1680a3f40d4ad3cee5a3fb153e5d6d001bdf85de404

The premise for this post is that Craig S Wright was Satoshi Nakamoto. It’s an interesting premise because depending upon your frame of reference the premise may either be a fact or to some too outrageous to even believe as a premise. Yesterday it was announced via CoinGeek that Craig Steven Wright has been granted the copyright claim for both the bitcoin white-paper under the pen name Satoshi Nakamoto and the original 0.1.0 bitcoin software (both of which were marked (c) copyright of satoshi nakamoto. The reactions to the news can kind of be classified in to four different reactions. Those who heard it and rejected it, those who heard it but remained undecided, those who heard it and accepted it, and those who already believed he was. Apparently to many the price was unexpected and such a revelation wasn’t exactly priced in to the market with the price immediately pumping nearly 100% upon the news breaking. However, to some others it was a vindication of something they already believed. This is an interesting phenomena to observe. For many years now I have always occupied a somewhat positively contrarian position to the default narrative put forward to things so it’s not entirely surprising that I find myself in a camp that holds the minority opinion. As you can see in the bitcoin dethroned piece I called Craig fake satoshi, but over the last year and bit I investigated the story around Craig and came to my conclusion that I believed him to be at least a major part of a team of people who worked on the protocol I have to admit that through reading his articles, I have kind of been brought full circle to where my contrarian opinion has me becoming somewhat of an advocate for “the system’.
https://coingeek.com/bitcoin-creator-craig-s-wright-satoshi-nakamoto-granted-us-copyright-registrations-for-bitcoin-white-paper-and-code/

When the news dropped, many took to social media to see what everyone was saying about it. On /biz/ a barrage of threads popped up discussing it with many celebrating and many rejecting the significance of such a copyright claim being granted. Immediately in nearly every thread there was a posting of an image of a person from twitter claiming that registering for copyright is an easy process that’s granted automatically unless challenged and so it doesn’t mean anything. This was enough for many to convince them of the insignificance of the revelation because of the comment from a person who claimed to have authority on twitter. Others chimed in to add that in fact there was a review of the copyright registration especially in high profile instances and these reviewers were satisfied with the evidence provided by Craig for the claim. At the moment Craig is being sued by Ira Kleiman for an amount of bitcoin that he believes he is entitled to because of Craig and Ira’s brother Dave working together on bitcoin. He is also engaged in suing a number of people from the cryptocurrency community for libel and defamation after they continued to use their social media/influencer positions to call him a fraud and a liar. He also has a number of patents lodged through his company nChain that are related to blockchain technologies. This has many people up in arms because in their mind Satoshi was part of a cypherpunk movement, wanted anonymity, endorsed what they believed to be an anti state and open source technologies and would use cryptography rather than court to prove his identity and would have no interest in patents.
https://bitstagram.bitdb.network/m/raw/1fce34a7004759f8db16b2ae9678e9c6db434ff2e399f59b5a537f72eff2c1a1
https://imgur.com/a/aANAsL3)

If you listen to Craig with an open mind, what cannot be denied is the man is bloody smart. Whether he is honest or not is up to you to decide, but personally I try to give everyone the benefit of the doubt and then cut them off if i find them to be dishonest. What I haven’t really been able to do with my investigation of craig is cut him off. There have been many moments where I disagree with what he has had to say but I don’t think people having an opinion about something that I believe to be incorrect is the same as being a dishonest person. It’s very important to distinguish the two and if you are unable to do so there is a very real risk of you projecting expectations or ideals upon someone based off your ideas of who they are. Many times if someone is telling the truth but you don’t understand it, instead of acknowledging you don’t understand it, you label them as being stupid or dishonest. I think that has happened to an extreme extent with Craig. Let’s take for example the moment when someone in the slack channel asked Craig if he had had his IQ tested and what it was. Craig replied with 179. The vast majority of people on the internet have heard someone quote their IQ before in an argument or the IQ of others and to hear someone say such a score that is actually 6 standard deviations away from the mean score (so probably something like 1/100 000) immediately makes them reject it on the grounds of probability. Craig admits that he’s not the best with people and having worked with/taught many high functioning people (sometimes on the spectrum perhaps) on complex anatomical and physiological systems I have seen some that also share the same difficulties in relating to people and reconciling their genius and understandings with more average intelligences. Before rejecting his claim outright because we don’t understand much of what he says, it would be prudent to first check is there any evidence that may lend support to his claim of a one in a million intelligence quotient.

Craig has mentioned on a number of occasions that he holds a number of different degrees and certifications in relation to law, cryptography, statistics, mathematics, economics, theology, computer science, information technology/security. I guess that does sound like something someone with an extremely high intelligence could achieve. Now I haven’t validated all of them but from a simple check on Charles Sturt’s alumni portal using his birthday of 23rd of October 1970 we can see that he does in fact have 3 Masters and a PhD from Charles Sturt. Other pictures I have seen from his office at nChain have degrees in frames on the wall and a developer published a video titled Craig Wright is a Genius with 17 degrees where he went and validated at least 8 of them I believe. He is recently publishing his Doctorate of Theology through an on-chain social media page that you have to pay a little bit for access to sections of his thesis. It’s titled the gnarled roots of creation. He has also mentioned on a number of occasions his vast industry experience as both a security contractor and business owner. An archive from his LinkedIn can be seen below as well.

LinkedIn - https://archive.is/Q66Gl
https://youtu.be/nXdkczX5mR0 - Craig Wright is a Genius with 17 Degrees
https://www.yours.org/content/gnarled-roots-of-a-creation-mythos-45e69558fae0 - Gnarled Roots of Creation.
In fact here is an on chain collection of articles and videos relating to Craig called the library of craig - https://www.bitpaste.app/tx/94b361b205196560d1bd09e4e3b3ec7ad6bea478af204cabfe243efd8fc944dd


So there is a guy with 17 degrees, a self professed one in a hundred thousand IQ, who’s worked for Australian Federal Police, ASIO, NSA, NASA, ASX. He’s been in Royal Australian Air Force, operated a number of businesses in Australia, published half a dozen academic papers on networks, cryptography, security, taught machine learning and digital forensics at a number of universities and then another few hundred short articles on medium about his work in these various domains, has filed allegedly 700 patents on blockchain related technology that he is going to release on bitcoin sv, copyrighted the name so that he may prevent other competing protocols from using the brand name, that is telling you he is the guy that invented the technology that he has a whole host of other circumstantial evidence to support that, but people won’t believe that because they saw something that a talking head on twitter posted or that a Core Developer said, or a random document that appears online with a C S Wright signature on it that lists access to an address that is actually related to Roger Ver, that’s enough to write him off as a scam. Even then when he publishes a photo of the paper copy which appears to supersede the scanned one, people still don’t readjust their positions on the matter and resort back to “all he has to do is move the coins or sign a tx”.

https://imgur.com/urJbe10

Yes Craig was on the Cypherpunk mailing list back in the day, but that doesn’t mean that he was or is an anarchist. Or that he shares the same ideas that Code Is Law that many from the crypto community like to espouse. I myself have definitely been someone to parrot the phrase myself before reading lots of Craig’s articles and trying to understand where he is coming from. What I have come to learn from listening and reading the man, is that although I might be fed up with the systems we have in place, they still exist to perform important functions within society and because of that the tools we develop to serve us have to exist within that preexisting legal and social framework in order for them to have any chance at achieving global success in replacing fiat money with the first mathematically provably scarce commodity. He says he designed bitcoin to be an immutable data ledger where everyone is forced to be honest, and economically disincentivised to perform attacks within the network because of the logs kept in a Write Once Read Many (WORM) ledger with hierarchical cryptographic keys. In doing so you eliminate 99% of cyber crime, create transparent DAO type organisations that can be audited and fully compliant with legislature that’s developed by policy that comes from direct democratic voting software. Everyone who wants anonymous coins wants to have them so they can do dishonest things, illegal things, buy drugs, launder money, avoid taxes.

Now this triggers me a fair bit as someone who has bought drugs online, who probably hasn’t paid enough tax, who has done illegal things contemplating what it means to have that kind of an evidence ledger, and contemplate a reality where there are anonymous cryptocurrencies, where massive corporations continue to be able to avoid taxes, or where methamphetamine can be sold by the tonne, or where people can be bought and sold. This is the reality of creating technologies that can enable and empower criminals. I know some criminals and regard them as very good friends, but I know there are some criminals that I do not wish to know at all. I know there are people that do horrific things in the world and I know that something that makes it easier for them is having access to funds or the ability to move money around without being detected. I know arms, drugs and people are some of the biggest markets in the world, I know there is more than $50 trillion dollars siphoned in to off shore tax havens from the value generated as the product of human creativity in the economy and how much human charity is squandered through the NGO apparatus. I could go on and on about the crappy things happening in the world but I can also imagine them getting a lot worse with an anonymous cryptocurrency. Not to say that I don’t think there shouldn’t be an anonymous cryptocurrency. If someone makes one that works, they make one that works. Maybe they get to exist for a little while as a honeypot or if they can operate outside the law successfully longer, but bitcoin itself shouldn’t be one. There should be something a level playing field for honest people to interact with sound money. And if they operate within the law, then they will have more than adequate privacy, just they will leave immutable evidence for every transaction that can be used as evidence to build a case against you committing a crime.

His claim is that all the people that are protesting the loudest about him being Satoshi are all the people that are engaged in dishonest business or that have a vested interest in there not being one singular global ledger but rather a whole myriad of alternative currencies that can be pumped and dumped against one another, have all kinds of financial instruments applied to them like futures and then have these exchanges and custodial services not doing any Know Your Customer (KYC) or Anti Money Laundering (AML) processes. Bitcoin SV was delisted by a number of exchanges recently after Craig launched legal action at some twitter crypto influencetalking heads who had continued to call him a fraud and then didn’t back down when the CEO of one of the biggest crypto exchanges told him to drop the case or he would delist his coin. The trolls of twitter all chimed in in support of those who have now been served with papers for defamation and libel and Craig even put out a bitcoin reward for a DOX on one of the people who had been particularly abusive to him on twitter. A big european exchange then conducted a twitter poll to determine whether or not BSV should be delisted as either (yes, it’s toxic or no) and when a few hundred votes were in favour of delisting it (which can be bought for a couple of bucks/100 votes). Shortly after Craig was delisted, news began to break of a US dollar stable coin called USDT potentially not being fully solvent for it’s apparent 1:1 backing of the token to dollars in the bank. Binance suffered an alleged exchange hack with 7000 BTC “stolen” and the site suspending withdrawals and deposits for a week. Binance holds 800m USDT for their US dollar markets and immediately once the deposits and withdrawals were suspended there was a massive pump for BTC in the USDT markets as people sought to exit their potentially not 1:1 backed token for bitcoin. The CEO of this exchange has the business registered out of Malta, no physical premises, the CEO stays hotel room to hotel room around the world, has all kind of trading competitions and the binance launchpad, uses an unregistered security to collect fees ($450m during the bear market) from the trading of the hundreds of coins that it lists on its exchange and has no regard for AML and KYC laws. Craig said he himself was able to create 100 gmail accounts in a day and create binance accounts with each of those gmail accounts and from the same wallet, deposit and withdraw 1 bitcoin into each of those in one day ($8000 x 100) without facing any restrictions or triggering any alerts or such.
This post could ramble on for ever and ever exposing the complexities of the rabbit hole but I wanted to offer some perspective on what’s been happening in the space. What is being built on the bitcoin SV blockchain is something that I can only partially comprehend but even from my limited understanding of what it is to become, I can see that the entirety of the crypto community is extremely threatened as it renders all the various alt coins and alt coin exchanges obsolete. It makes criminals play by the rules, it removes any power from the developer groups and turns the blockchain and the miners in to economies of scale where the blockchain acts as a serverless database, the miners provide computational resources/storage/RAM and you interact with a virtual machine through a monitor and keyboard plugged in to an ethernet port. It will be like something that takes us from a type 0 to a type 1 civilisation. There are many that like to keep us in the quagmire of corruption and criminality as it lines their pockets. Much much more can be read about the Cartel in crypto in the archive below. Is it possible this cartel has the resources to mount such a successful psychological operation on the cryptocurrency community that they manage to convince everyone that Craig is the bad guy, when he’s the only one calling for regulation, the application of the law, the storage of immutable records onchain to comply with banking secrecy laws, for Global Sound Money?

https://archive.fo/lk1lH#selection-3671.46-3671.55

Please note, where possible, images were uploaded onto the bitcoin sv blockchain through bitstagram paying about 10c a pop. If I wished I could then use an application etch and archive this post to the chain to be immutably stored. If this publishing forum was on chain too it would mean that when I do the archive the images that are in the bitstragram links (but stored in the bitcoin blockchain/database already) could be referenced in the archive by their txid so that they don’t have to be stored again and thus bringing the cost of the archive down to only the html and css.
submitted by whipnil to C_S_T [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to bitcointrading [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to ethtrader [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to BitcoinMining [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to CryptoCurrencies [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to CoinBase [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to CoinTelegraph [link] [comments]

What are the biggest memes in the crypto industry and where do they come from?

Bitcoin is a product of the internet. It was launched back in the day through a newsletter for cryptographic experts and later on, the source code was shared online. The technology behind Bitcoin, plus nowadays any cryptocurrency out there, can not exist without the internet. A stable connection is necessary in order to keep the network alive. This strong affiliation with the internet has not only brought great scaling opportunities, it has, since then turned into a widely discussed topic. As loads of people like to do when discussing topics on the internet, crypto has been the source of many new memes out there.
When Moon? When Lambo?
These are two commonly used phrases both referring to the price of the token. The phrase ‘To the moon’ came from prices suddenly spiking with hundreds of percentages causing people to draw rockets on the charts. These rockets should be leading them towards the moon, thus the phrase, when moon? It suits perfectly in combination with the phrase ‘When Lambo’, which was invented when the first crypto millionaires came around the corner. They started buying Lamborghinis with their earned wealth from investing in cryptocurrencies and people started seeing it as a means of measuring the success of a coin.
HODL
This is a simple world that leads back all the way to 2013. Back then, market crashes were caused by as ‘little’ as one million dollars. Prices went up and down like a rollercoaster, just like we’ve seen in 2017. With everyone that sells their tokens at the top of the charts, there are others who buy for these prices. The moment the prices drop, there are two options; You sell your tokens for a loss or you hold your tokens. A user on a Bitcoin forum posted a typo after a severe crash back in 2013 stating; “I AM HODLING”. This was then embraced by everyone in the industry and is now seen as one of the most used slang words in crypto.
Doge
This is the cutest of them all, doge. It’s the little dog that’s been visible in memes over the course of many, many years now. As a popular meme for years, some programmers decided to roll with it and create a ‘fun’ cryptocurrency. They took the Shiba Inu dog and took it as the symbol for their token. It has been steadily present in the industry for many years now, with a steady position in terms of market cap. But remember, 1 DOGE = 1 DOGE.
Pink Wojak
Anyone that knows their memes must have hard about the Wojak figure before. It’s that guy that’s incredibly frustrated with life, in this case, frustrated with crypto. It’s related to those who have invested in cryptocurrency heavily and foresee a crash coming in the near future. It was posted on 4Chan’s board /biz/ to display the despair caused by the price that had been dropping. Over the following months, many varieties of the Wojak-man were created. One thing they have in common; they are all pink.
Altcoin season approaching
We used to have just a couple of currencies out there, that has changed. Right now, there are over 3000 coins listed on CoinMarketCap but assumingly there are many more projects that label themselves as a cryptocurrency. With every new project, there are new investors that hope their project gets picked up and finds the eye of many potential investors. They want a new season to start, altseason. With every spike in Bitcoin, we see people screaming for altseason. There are tons of different memes out there created to display the people who sadly waiting for altseason to arrive. Whenever it does, we can see the ‘when Lambos’ coming up.
Memes are a good indicator of what’s trending in the industry. There are loads of people creating new memes every single day, but the moment you see the same meme every single day, there could be a trend starting. When everybody’s screaming for altseason, it might just be around the corner. Whether we’ll all be on the moon, we’ll drive a Lambo or we are stuck HODLING our coins, only time will tell.
submitted by SwapSpace_co to CryptoNews [link] [comments]

I am mining in the suburbs using 100% hydropower from my backyard creek and supplementing with backup power from hamster wheels. I am profitable AMA.

I have 1 microhydro plant running 24/7 in Braggadocio, Missouri. I have twenty-five hundred hamster wheels inside these greenhouses. All hamsters are running 100% off fair trade coffee, with soul cycle music pumped through small speakers in a surround-sound-system-setup playing non-stop.
I posted my numbers for this mining operation a few hours ago but it was downvoted into obscurity. Here is a link of the first hamster I had working this job if anyone is interested: https://www.youtube.com/watch?v=EkNTAiWX8g0
His name was Mr. Geppetto, and he was the Genesis Hamster.
Anyhow, I kinda think that this sub is controlled by Jihan and Roger. I want to test this out to see if it might be true. Cuz...maybe I am just being weird and got it wrong. For the record, I am often right. So here it goes...I have documented my mining operation over the last week here on Reddit. I detailed my idea from when it was just an idea all the way to today, where I have a fully functional and profitable bitcoin mining operation in the middle of the Missouri....not connected to the grid at all. I am about to go all-in and buy 1,000,000 miners for the September shipment of new S10's.
Here are the numbers for mining, for those of you who are interested. You will need 1 microhydro plant. And you will need 2500 hamster wheels, or alternatively one very large hamster wheel and a black bear. And a power control system. I buy the batteries from Walmart for $99 each, I keep the receipt an return them after 29 days. Total cost for the off grid hydro/hamster solution is $350. It costs so little because I'm also getting royalties from my onecoin investment. I am happy to share the suppliers with anyone who is interested (please clap).
I make 7 btc per day from each hamster. This is about 17500btc per day. I'm not calculating my profit because I'm not trying to cause the price to drop.
I am pretty sure that there are LOTS of hamster trainers doing this and they don't want anyone else doing it. They are afraid of flooding sewer system with hamster poop pellets like the hog farms have done in Duplin County and across the States. And they are afraid of increasing demand for hamster food. And I am pretty sure those people are now running this sub. But again, maybe I am wrong. We'll see... Basically, I feel that there is a real effort to dissuade people from bonding with hamsters and using hydropower so that miners can continue to do this.
I purchase one hamster and secure the lowest pricing per hamster. We do not employ guinea pigs. They are lazy. If one hamster listens to any song by Sade (or for the thug hamsters Poetic Justice by Kendrick) for more than 5 minutes they will make sweet hamster love and 100 baby hamsters will be born within a few days and I can resell the surplus hamsters on craigslist.
By breeding hamsters myself I am making sure I am getting the best thorough bred, strongest, fastest hamsters, and no Guinea pigs. I also profit from dressing the charismatic ones in costumes and renting them out to birthday parties and corporate events for $79.99 an hour per hamster. Also in case you're wondering, I match 100% each hamster's contribution to his or her IRA. This isn't a sweatshop.
I have NO idea why this happens, but every time I post about hamsters and talk about how I have found what I believe to be an awesome idea for anyone who loves animals and lambos, I am down voted and called a liar and con man by a lot of people here.
So, I am testing my hypothesis. I think that one of three things will happen to this post: (1) it is down voted to obscurity (2) I am relentlessly called out for being a liar and con man (3) no one cares. For the record, this should be a post that is read by many people here. I am not trying to say that it is the most amazing thing that someone will read here. But, this is exactly the type of post that should have people discussing in a bitcoin forum.
Anyhow, for those who are interested, this info is not a FAKE POSTING. The numbers are real. I am highly profitable. I wish others would do the exact same thing. I want everyone to be raising hamsters and using hydropower.
I accept btc donations to continue hamster advocacy at 1AxCKHendnZ16NBMbp5bzUcUfub6vX9PTn
submitted by soytendies to Bitcoin [link] [comments]

Price aside, I think we need to build some sort of decentralized marketplace.

This is what bitcoin was built for: peer to peer transactions. We have to get over converting it to fiat for profits and get to deciding the prices of things in bitcoin. Fiat's a joke when it comes to prices. Only thing it ever does is make sure your buying power decreases over time.

This is just an idea. I have neither the people, the capital nor the tech literacy to bring it forth so I'll share it. A marketplace where you can buy any sorts of goods and services ran by no one and everyone.

It works like a blockchain inside a blockchain or something like that. There's gotta be some reward for hosting part of this decentralized marketplace so maybe a small % of the transaction price.

You have ratings for buyers and sellers. It's decentralized so everyone can use nicknames and stay anonymous, but at the end of the day anyone with good reviews will be viewed better so there's no point in changing names to scam people.

You can't actually scam people. Whenever a transaction is initiated the buyer deposits 110% of the price and the seller deposits 100% of the price.

Lets assume the listing price for a Lambo in the future is 1 bitcoin.

Seller (we shall name him LamboForBTC)
Buyer (IwantLambo)

I want lwantLambo sees the listing and decides to buy the Lambo. Trade is initiated. LamboForBtc automatically deposits 1 BTC into the market. IwantLambo automatically deposits 1.1 BTC into the market. Logistics are communicated via pgp encrypted messages.

Case 1: Trade is cancelled by both parties. The Lambo can't be delivered or a bunch of hamsters high on meth ate the wheels or whatever.

Result: Both sides get their deposit back.

Case 2: Trade is succesful. Both parties confirm. Lambo arrives.

Result: They can now leave reviews for each other. LamboForBTC receives their initial 1 BTC + another 1 BTC from IwantLambo. IwantLambo gets their 0.1 BTC back.

Case 3: LamboForBTC cheats and doesn't deliver Lambo. The deposits are forever stuck in the marketplace unless they both cancel the trade. Both sides lose BTC.

Case 4: IwantLambo cheats, gets Lambo and doesn't confirm the trade. The same thing happens, the deposits get stuck in limbo and IwantLambo actually just payed 10% more for their Lambo.

I just forced people to cooperate by creating a lose lose scenario if either side cheats. This should be proof enough that this thing could work.

I'm not sure about case 4. If people scam sellers out of pety we'll just increase the deposit for buyers to 2x the listing price. That way you get your product and pay twice as much for it for being dishonest.

I'm not sure how you could find people close to you without revealing the location of everyone. Well maybe there's a way to just show who delivers to an area you select without showing where they are. This needs to be fixed.

Anyway I'm leaving this here. Improve it or bring it to life if you can. I'm a simple man. I like games so I made a game where you can't cheat.
submitted by WoofKibaWoof to Bitcoin [link] [comments]

Subreddit Stats: Bitcoin top posts from 2018-09-06 to 2019-09-05 13:10 PDT

Period: 363.83 days
Submissions Comments
Total 999 158891
Rate (per day) 2.75 432.86
Unique Redditors 769 35151
Combined Score 1413095 1016159

Top Submitters' Top Submissions

  1. 36719 points, 1 submission: khaotickk
    1. Quick, upvote this to confuse everyone into thinking the price jumped back up. (36719 points, 585 comments)
  2. 31798 points, 24 submissions: Kashpantz
    1. When you forget about money in a bank account and soon realise that cash you had in the bank was never yours to begin with... (3007 points, 311 comments)
    2. When you realise no bank or government can stop you from using the hardest money known to mankind. (2843 points, 404 comments)
    3. What crypto looks like to people who needs it the most. Venezuela. (2811 points, 447 comments)
    4. The Fear Of The Market Going Down Manipulates The User To Make The Wrong Decision. (2615 points, 432 comments)
    5. They say Bitcoin is for money laundering, buying drugs and criminals.... (2480 points, 380 comments)
    6. Why would anyone create an amazing protocol and go to so much effort to protect their identity only to come back 10 years later to start suing people because they don't believe you? (2304 points, 220 comments)
    7. When a Central Bank Braggs About Having the Ability to Create More Money Out of Thin Air. Is this a joke? (1355 points, 471 comments)
    8. Thanks to Bitcoin, People Have Taken An Interest In Markets, Investing, Charting and Fundamentals. (1325 points, 145 comments)
    9. History Made! The First Cannabis to Bitcoin Trade! (1312 points, 155 comments)
    10. Bitcoin Promotes Renewable Energy (1241 points, 242 comments)
  3. 26785 points, 1 submission: BV5A6cx9NBZU78jDGG3t
    1. I wonder if we upvote this, is there a chance trading bots get confused and start buying? (26785 points, 357 comments)
  4. 16658 points, 1 submission: gth3q
    1. Sold my portfolio today and got myself a LAMBO!!! (16658 points, 351 comments)
  5. 16348 points, 2 submissions: cryptograffiti
    1. Upvote to get this to the top search result for "Bitcoin CEO." (15046 points, 257 comments)
    2. I sold this tiny artwork for 1 millisatoshi ($0.000000037) - story in comments (1302 points, 134 comments)
  6. 13530 points, 6 submissions: Greentoboggan
    1. I'm never wrong (4142 points, 183 comments)
    2. Yeah, What Cameron Said! (2643 points, 135 comments)
    3. Deal 'em (2384 points, 162 comments)
    4. That exit tho (2295 points, 78 comments)
    5. Two Trillion a Year (1473 points, 87 comments)
    6. The Daily Routine (593 points, 49 comments)
  7. 12560 points, 11 submissions: DesignerAccount
    1. Ancient Chinese lore (2886 points, 57 comments)
    2. Cybercash, as imagined in 1998 (2068 points, 190 comments)
    3. The real hodlers path to the moon (2025 points, 100 comments)
    4. REKT: US Copyright Office Says It Does Not ‘Recognize’ Craig Wright as Satoshi (1509 points, 103 comments)
    5. What if... (747 points, 134 comments)
    6. Insider leaks: Jihan is stepping down feom CEO role as he sees high probability of bankruptcy, decreasing personal liability! Early estimates for Bitmain 2018 Profits is USD1.2bn LOSS!!! (728 points, 218 comments)
    7. If you have recently received a very small amount of BTC in your wallet unexpectedly, you may be the target of a "dusting attack" designed to deanonymise you by linking your inputs together - Samourai users can mark this utxo as "Do Not Spend" to nip the attack in the bud. (708 points, 220 comments)
    8. 10yrs ago today, the first Bitcoin block. Turns out it was a pretty big deal (488 points, 30 comments)
    9. On 1/19 one of the most popular cocktail lounges in Chicago will become a fully sovereign bitcoin accepting business on LN by simply plugging in a box and downloading software... If you're in the area, go watch the demo!! (482 points, 108 comments)
    10. PSA: Gemini is full on with native SegWit!!! (And uses Blockstream's block explorer....) (476 points, 103 comments)
  8. 12386 points, 1 submission: uasili4
    1. Those mountains (12386 points, 212 comments)
  9. 11209 points, 11 submissions: Suberg
    1. Time Magazine Says 'Bitcoin Matters For Freedom' (1722 points, 147 comments)
    2. BTC Price Up Nearly 50% Since US Congressman Urged to 'Ban Bitcoin' (1554 points, 142 comments)
    3. Twitter CEO to Joe Rogan: I Think Currency of The Internet Will Be Bitcoin (1502 points, 224 comments)
    4. They'll buy BTC at $30k - NOT $3K - People Only Want to Buy Bitcoin After Price Rises, Google Data Shows (1473 points, 270 comments)
    5. BREAKING: Morgan Stanley To Give Clients Bitcoin Trading Options (1020 points, 106 comments)
    6. Tony Robbins tells 3+ million followers that Bitcoin has "No single bank, government, company or individual owns the network or has control over it - " you're account can't be frozen" (933 points, 93 comments)
    7. Andrew Yang is the Bitcoin-Friendly U.S. 2020 Presidential Candidate (800 points, 566 comments)
    8. Jack Dorsey: Lightning Coming To Square Cash App Is 'When', Not 'If' (684 points, 79 comments)
    9. Twitter CEO Jack Dorsey Shows Off His (Casa) Bitcoin Full Node (594 points, 83 comments)
    10. Lightning Network Passes 4000 Nodes, Reaches All-Time Capacity High - Bitcoinist.com (497 points, 67 comments)
  10. 9115 points, 6 submissions: Pascalboyart
    1. Yesterday I received 1 bitcoin on my street art QR codes donation adress! After one year and 3 frescoes in Paris: 1,14 btc received (+ 5 bch and 1,25 ltc) in total! Thanks to the crypto community for your generosity, this space is full of suprises 🤩👍🏻Can't wait to do more murals to spread crypto! (3379 points, 178 comments)
    2. Already 0.01btc ($85) received on my new street art qr code in 24 hours, thanks guys! 🙏🏻 (1942 points, 186 comments)
    3. This portrait of Satoshi Nakamoto is made of real US Dollars ripped and glued on canvas 💸💸💸 (1808 points, 355 comments)
    4. This portrait of Hal Finney is made of real $USD (1 to 100 bills 💸) ripped and glued on canvas by the french artist @pascalboyart 🎨 This work is a part of the serie "Who's Satoshi?" exhibited in Sept 2018 in Paris crypto art show #bitcoinartrevolution (1013 points, 105 comments)
    5. Street Art treasure hunt with a Bitcoin puzzle 🎨 For the 10th birthday of the genesis block, I painted this frescoe somewhere in Paris with a 0,26btc ($1000) puzzle in it. Here's the public key: 1NqPwPp7hEXZ3Atj77Ue11xAEMmXqAXwrQ Thanks to @alistairmilne for the funds! Good luck! @pascalboyart (534 points, 135 comments)
    6. 5th fresco with a #Bitcoin QR code for donations. Thanks to the community for helping me funding my street art paintings, already 1,16 btc received till 2 years 🙏🏻🙏🏻🙏🏻 This street art piece is inspired by the autoportrait of Gustave Courbet named "The Deseperate man". Cheers! Pboy (439 points, 50 comments)

Top Commenters

  1. BashCo (4453 points, 201 comments)
  2. ebaley (4286 points, 1523 comments)
  3. diydude2 (2675 points, 745 comments)
  4. insyda86 (2675 points, 1 comment)
  5. Spartacus_Nakamoto (2452 points, 117 comments)
  6. Hanspanzer (2444 points, 727 comments)
  7. JSkeezTheGreat (2439 points, 18 comments)
  8. TheGreatMuffin (2142 points, 125 comments)
  9. ascension8438 (1970 points, 80 comments)
  10. BTCkoning (1930 points, 501 comments)

Top Submissions

  1. Quick, upvote this to confuse everyone into thinking the price jumped back up. by khaotickk (36719 points, 585 comments)
  2. I wonder if we upvote this, is there a chance trading bots get confused and start buying? by BV5A6cx9NBZU78jDGG3t (26785 points, 357 comments)
  3. Sold my portfolio today and got myself a LAMBO!!! by gth3q (16658 points, 351 comments)
  4. Upvote to get this to the top search result for "Bitcoin CEO." by cryptograffiti (15046 points, 257 comments)
  5. Those mountains by uasili4 (12386 points, 212 comments)
  6. Here we go again! Upvote to gain momentum! To the Moon! <3 by Joalwins (8846 points, 410 comments)
  7. El Chapo will most likely get LESS time than Ross Ulbricht. Let that sink in. by caro_lala (7276 points, 881 comments)
  8. Gave my sister 1 BTC for Christmas in 2013. Got this text yesterday. Warms my heart, so happy for her. by PhoenixCrypto (7250 points, 560 comments)
  9. Today in Congress Rep. Sherman called for a bill to ban all cryptocurrencies. This is the single best ad for Bitcoin that I have ever seen. Wow. This guy knows how to make us look good. by Oskar_Koch (6420 points, 889 comments)
  10. I still don't get bitcoin by cryptologodotco (6068 points, 149 comments)

Top Comments

  1. 2675 points: insyda86's comment in Sold my portfolio today and got myself a LAMBO!!!
  2. 2350 points: JSkeezTheGreat's comment in Just bought 10 BTC and I'm very proud & confident about my investment 💪
  3. 1999 points: BashCo's comment in A Picture is Worth a Thousand Words.
  4. 1818 points: pavvappav's comment in Just Got a Call from "Coinbase"
  5. 1550 points: Rellicus's comment in UPDATE: Found my lost password. It was "thisismywallet". I had taken a photo of the lost paper. What should I do with 75.9 BTC? HODL? Sell part of it?
  6. 1547 points: doubledowndope's comment in 2 years ago a man accidentally gave me 1.07 BTC. Lessons were learned.
  7. 1450 points: fiatectomy's comment in I wonder if we upvote this, is there a chance trading bots get confused and start buying?
  8. 1422 points: majani's comment in What happened the emphasis of spending bitcoin on this sub?
  9. 1218 points: MexicanRedditor's comment in Trump tweets about Bitcoin
  10. 1205 points: Chris_Jeeb's comment in Shoutout to everyone who sold yesterday
Generated with BBoe's Subreddit Stats
submitted by subreddit_stats to subreddit_stats [link] [comments]

To all those of you selling this it what it takes to get a lambo.

Remember seeing charts of bitcoin crashing and so many people saying "Oh man I wish I bought there." Well now is your chance see its not so easy is it. I understand that anything above 19k seems impossible most of us just wanna break even. And there's no guarantee bitcoin will recover anytime soon or at all. If It does it might take 3-4 years before that happens. Who knows but I'm willing to hold on.
I don't know if I'm a genius or a retard for buying a few hundred dollars worth of crypto every month. But if bitcoin were to recover one day and smash through 19k with ease. We will have insane returns. And this is what it takes to get a lambo, this is where we buy.
submitted by tetrehedron to Bitcoin [link] [comments]

'Twas the week before Christmas - Crypto Edition (A December 2017 buyers lament).

With apologies to Clement Clarke Moore.

'Twas the week before Christmas (2017), when all through crypto,
I put in all my savings, I didn’t tiptoe.
Bitcoin was rising, it was such a big craze.
But now those days just seem like a haze.

Me and Blockfolio were nestled snug in my bed,
While visions of lambos danced in my head;
My wife in lingerie, we laid in our silk sheets,
My crypto was rising, there was gold in the streets.

When out on twitter there arose such a clatter,
I opened my phone to see what was the matter.
When, what to my wondering eyes should appear,
This dude was there, who made crypto his career.

He was a mystery man, so lively and quick,
I knew in a moment his head wasn’t sick.
More rapid than eagles his shills they came,
And he whistled, and shouted, and called them by name;

“Buy Raiblocks, buy IOTA, buy Monero and Dash!
Buy Neo, buy Tron, even buy Bitcoin Cash!
To the top of the moon! To the top of the market!
These coins will run up, there’s nothing to stop it!”

I listened to twitter-man, as he had been right all season
By next week things were dropping, but for what reason?
At first it was taxes, people were cashing out,
Then Chinese new year, so many rumors about.

Charlie Lee sold his litecoins, what was he thinking?
I should have seen the warnings, I thought he was drinking.
Why would he sell during such a bull run?
It would just cause a dip, I’ll buy more for fun.

And soon I was even. That’s ok I’ll buy more,
I sold my silk sheets at the local thrift store.
I mortgaged my house, I’ll buy SALT on a prayer,
I’ll make sure that my wife never becomes aware.

A few months later, my stuff is on the lawn
Kicked out of my house, my wife is now gone.
My fury is rising, I’ve now sold my bed.
“Don't invest what you can’t afford to lose” they said.

That’s when I got desperate, and I lost all reason,
I started to invest in shitcoins all season.
I needed 10X, I needed a big pay
I figured Jesuscoin would rise Easter Sunday.

And now I’m still poor, the outlook is bleak.
As I wait for the bull run, it could be next week?
But I’ve learned lessons, next time I’ll be smarter.
I won’t invest in this shit again, for starters.

The man came back again, who gave me the tips,
And I cringed when I saw him, his neck I will grip.
He had a gleam in his eye as he walked in the room,
I gave him a look. He sensed his impending doom.

He spoke not a word, but went straight to his wallet
He showed me his riches, in January he called it.
He had sold it all after giving me tips.
It was then an evil smile came upon his lips.

I’m pissed off, I’m spiteful, I showed him my middle finger
The mystery man saw the look in my eyes. He didn’t linger.
But he gave me one last tip, as he ran out of sight,
“Hey Hey Hey - Buy Bitconnnecccttt!”.

Hmmm… I just might.

submitted by fraggle_captain to CryptoCurrency [link] [comments]

A Wasted Read

A Wasted Read

Today I felt inclined, almost obligated to write, a rare occasion most days if not all. I felt an urge to express my thoughts on this market, the historic trends that precede our current teddy bear. Speaking of teddy, the 41st President of the U.S is being observed today after passing away late last week, the markets are closed, and by closed, I mean the door was slammed shut late Tuesday afternoon after the Dow Jones hiccuped -3.1%(-800) twice that afternoon, first at 1:40 pm and later at closing.

The world is watching curiously, after all, what is -3.1% compared to bitcoin. Historically, when presidents die, past or current, the markets tend to drop. We combine the G20 summit lack of progress and the handicapping that the trade war has dealt producers, you know, the ones that drive value, and we have a bit of brewing discontent. Could we have another early February 2018 precursor when the DOW plummeted -1600 until closing at -1175? Perhaps, we have an entire day to ponder these thoughts, the market will open tomorrow at 9:30 AM, tune in for disappointment either way.

At this moment, you must be asking yourself, this is a crypto subreddit, what the fuck man? I’m here for the memes and the trolling between the slow speculative brief news articles. I will admit I am a crypto enthusiast, if you are young and dont love this stuff you have no pulse. There's some disappointment when it comes to these coin camps, everyone is pulling for their investments, rightfully so, we all have our philosophies and our money to back them, but that's as far as the majority of us go. There is so much misinformation and fud thrown around with zero knowledge(lol) about the subjects, just because you own such coin you shit on anything close to what its trying to achieve. We are being divided and conquered, if you believe in the currency/blockchain technology, promote it, but not at the expense of your peers, its hypocrisy.

Ive dipped my feet in these arguments in the past, but the best way to surpass this is by educating ourselves. If you believe in blockchain technology and what it can bring the world, educate yourself. If its investing you are after, riches, study the markets, not just crypto because god knows it might just be the definition of volatility. Study world markets, domestic markets, stock markets, you might make a career out of that hobby you had with that scam coin when you were young, live and let live.

Finally, when the streets run with blood, its the best time to buy. It not only works for crypto, but for all financial investments, buy it all the way down, i almost get more excited for these times than when i have to sit idle on a profitable bull run. Max out your 401k if you have one, retirement funds, don't put all your money in one place because the Lambo on the moon, invest what you can afford to lose and always hedge your bets, never go all in.

Have a good day everyone.
submitted by TheWastedYearz to btc [link] [comments]

ETH millionaires of Reddit, what's your plan for spending it?

No, I don't mean what stitching you'll choose for the leather seats for your Lambo. I'm asking something a lot of you probably haven't considered. You bought in at $.02, or $9, or $20, or whatever. You made a great call, your friends think you're a genius, and you're starting to think of yourself that way too.
Great.
Now the price is licking $100 on either side, and despite any corrections (c'mon, man, they're inevitable, no one gets 1,000% gains year over year EVERY year, it's simply not sustainable) it's likely to be worth more in a few years than it is now. Which means. . .
Some of you are now millionaires or will be soon enough to feel giddy with excitement. You are tracking numbers you've never seen before, life-changing numbers. Maybe you can pay off debt, maybe buy a house, pay for college, start a business, give to charity, or just sit back and relax and enjoy the fact that you made a really good call a while back and it's set you up for life. Maybe all of the above. Fan-fucking-tastic.
Now what?
How will you spend it? Not what are you going to buy. How. Will. You. Spend. It?
Are your coins in a digital wallet? Your $950 PC is now worth a million dollars. How are you backing up that wallet?
Are they in a paper wallet? Where are you storing that paper wallet?
God forbid they're on an exchange. How are you getting your money out? Do you think Poloniex is prepared for billions in funds leaving the exchange when a lot of early investors start to cash out? Have you done the math on how long you'll be exposed to market fluctuations as you try to remove your money with a withdrawal limit of $2,000 (or even $25,000)?
And what about all that smack talk? You've been telling everyone who will listen that you bought 197,000 ETH at .02. You think that quiet guy in your office, the one with the meth habit, can't do the math? He doesn't have to understand crypto to know you won the lottery. What about your family? The uncle with a bad gambling habit? Or just the jealous cousin who thinks she deserves to be just as lucky as you, and you're family so how about an interest-free loan?
Are you ready for the tax implications? I'm a big fan of, if you've got enough to have a painful tax liability, you've got enough to not give a shit about paying your taxes. When you're right with the tax man, no one can take what's yours.
And once you take it out, in fiat most likely, how are you going to handle the fact you're now back to square one, with money that loses value just sitting there.
So my question is: how will you pay off your debts, buy a home, give to charity, take a vacation, pay the tax man?
Yes, yes, we've all seen the Bitcoin Matrix meme:
Neo: You mean someday I can trade my altcoins for millions?
Morpheus: No, Neo. What if I told you some day you won't have to?
But you're sitting on real value. Have you thought ahead to how you will do all the things that value can do?
submitted by asifinperson to ethtrader [link] [comments]

WARNING: BITMEX LIQUIDATION ENGINE. back to square 1 for me

I must start by saying this is my personal experience. It comes with a bit of a read but the warning is within the story. I share what I know from testing and past success. Feel free to read backstory or just jump to BITMEX AND LIQ. ENGINE
QUICK BACKSTORY(read if you want main story below)
So let me start by telling you that I had the opportunity to buy bitcoin back in 2012 when it was trading around $5 USD a coin. I was going to put a little bit of my money into it but due to me being in high school(in 2012) and finding the internet rather annoying at that time. When I came upon Bitcoin in 2012 I read into it but due to me not really understanding economics, passed it off as other internet fad and did not pay any more attention to Bitcoin or blockchain at all. Here we stand a few years later but its fine sometimes we miss opportunity. That said, I started getting more involved this space a bit before the big uptick we all experience in December. Here is where the story really begins. So I began trading some of my money and began to learn and understand what I was doing. Essentially doing my homework and putting in the studying hours to understand Technical Analysis, past market conditions, compared to current market conditions. Literally anything I could get my hands on to progress my knowledge in the field of trading. Equally I was putting money down and not always making the best decisions which by my experience has always been the best way to learn. Either way, I began to understand what I was doing and began trading some more of my money with a success rate I was rather happy with.
I ended up leaving college because I told myself that this was time better spent. I left my job because I was making more money doing this. I even sold my vehicle because I was sure I could make it back. This is when I found out about Bitmex and equally found out that in the US we are not aloud to use it. Ok fine. I was trading my money and was satisfied with what I was making. Unfortunately sometimes life happens. I experienced a life emergency that required me to get my hands on any funds I could so I sold basically all my holdings to take care of what was immediately at hand. Life happens.
BITMEX AND LIQ. ENGINE
Recently I got the opportunity to leave US and come into a region where BITMEX is aloud. I got very excited and told myself it was time to try it. Let me start by telling you that trading on margin is nothing like trading with your own money....whole different ball game that I did not expect. But I embraced it and told myself I was up for the challenge. When I started I first started trading here the returns where almost unreal. If I was not convinced I could do it before. This sold me. Now ill share that before I had the chance to become profitable here I lost a significant amount of money on MEX close to 1000 US dollars before I really got into a trading strategy that worked for me. A lot of money a lot of man hours.($1000 a lot for a person building in life)
Here is where it really begins and what I feel is actually going on within BITMEX. Once I became moderately successful in trading on BITMEX, almost immediately did that change. It all started with an 800% ROE I made. Right after this is where BITMEX literally began to liquidate my account. Ill think ill deem it appropriate to share with you that I am not just some person who wants to make money on the bitcoin trend....no, I began making a living out of this. and when I say I developed a working strategy this essentially means one or 2 trades a day where I wait for nice uptick or the inverse and close in profit. BUY & SELL orders in place. moderate stop loss but equally not taking risky trades or attempting to scalp. There is a reason people say dumb money and in my opinion, this is not who BITMEX is targeting, people who want to buy at the peaks and sell at rock bottom essentially liquidate themselves. They are not the issue. Nor are the big players or real market makers the targets because at the end of the day BITEMX makes out nicely from maker makes. Who BITMEX targets are individuals like myself who take time to read charts do appropriate TA and understand overall market conditions before taking any position. People who take time to learn and begin to make a moderate profit. Moderate profit takers are, at the end of the day, a problem for BITMEX and must mean that if we are being paid out at too high of a rate, essentially we are biting into their own profits. After that 800% ROE it was almost as if my trading strategy or myself was targeted because after I that, I have yet to make another successful move, even on this ginormous uptick. Even when my trading strategy began to not be the most efficient, I built on it. Like any good investor would....we must adapt to market conditions. Here is what I honestly think is happening. In our modern day of AI it is not to far fetched to think that a profitable company such as BITMEX has created an algorithm that essentially acts directly agains profitable individuals. . Having a large holding is one thing but having access to immediate information on trading information, where buy/sell are placed, above or below the market. Information on stop losses and Liq. price are all crucial pieces of information that they have access to. It is not to difficult to write up a neural network that takes all of the above information(BUY/SELL orders, Liq. price, stop losses ) and is told to work within certain perameters to either Liquidate or come fairly close to average liquidation price simply to scare off potential investors. This is what i suspect is happening. It would very much mean nice profits off of individuals closing unfavorable positions in current market conditions. I am not just suspecting this, I have tested it. I have put even more of my own money down just to prove myself right and time and time again my suspicions come true. Today I write to you all as a fair warning that I am almost definite BITMEX works agains individuals like myself and moderate profit takers like me. I am currently in a very unfavorable life situation because of this liquidation algorithm they have. Currently I have no BTC holding because what I was using to build up essentially was taken by BITMEX. Let me tell you that I am not over leveraging, Let me tell you I don't put down on a position unless I am comfortable and full in well knowing that there is a chance to lose my money and equally let me tell you that I am not just jumping into positions....my positions are calculated and thought out as are my exit points. But to experience what I have here really hurts and I am not an emotional individual but really, within this situation I feel physically sick and a real ache in my heart. This is followed full in well with knowing the current worth of BTC and knowing the overall direction we are going. I have given up my whole life, have been making money doing this, and was saving to move forward within my situation but to be reduced to not having any holding........... I'm sorry but this takes me back and makes me feel as if my last year has been wasted and have nothing to show for it.
I am a good person and do good for those around me, especially my family. I do no harm or foul to anybody in this life and I mind my space and business. I follow the good man above faithfully and recently have even began to question that, simply because of some of the things I am Immediately being dealt in life. Please use this as a warning and know that if youre trading on a platform such as BINANCE, BITFINIX, HUOBi, KRAKEN or any another exchange that does not allow margin trading but where you trade with your own money... stick to that. At the end of the day its yours and nobody is attempting to swoop what is yours right from under you or keep it safely on a hardware wallet. Now, I joke with you not. I have to go back to getting a regular job and have no education behind me....not even transportation to get from point A to point B. Good old fashion walking. I can't even go trade my way out of this one because I have nothing to trade with ha. I came into this space hoping for a bit of financial freedom from my immediate situation. No lambo goals simply wanted to make extra money. When i got to reap some of those benefits it was the best. Now I sit here with 0.000000000BTC to my name and feel nothing but a feeling of hurt. I even feel a bit upset knowing that it was not even taken from me by a person...that would have been better because this one person would have used it. It was taken by the damn exchange. Be careful and know that even if you play it smart in this life....things happen
**For demonstration purposes/ check back soon** Im going to post to you my BTC address here so you can see the 0 balance, those transactions that you see to BMEX are the funds I used to run my testing on this suspected algorithm and its workings. Im going to tell you that, if you remember me and this story check back to that address next year and we will see how far we have gotten after this mishap. A reddit experiment if you will. 3NKSRiLW7iiSq695Vf8hN4uVkmhvCPtnVw
submitted by miningForCrabs to Bitcoin [link] [comments]

I Bought a Bitcoin on Craigslist for $17,300 I Bought My Dream Car Using Only Bitcoin... ($250,000 Ferrari)  David Vlas Buying a Lamborghini with Bitcoin Prank My Bitcoin Lamborghini is costing me $4k per day to own! Buy a lambo with $100 of Bitcoin ?!?!

Since beginning to use BitPay, Rubinchuk says the dealership has completed one transaction with cryptocurrency, selling a 2017 Subaru Impreza for 2.33783 bitcoin, or $34,500 to a man in Virginia. Bitcoin Reddit This Guy Bought a Lamborghini With Bitcoin -- and He Only Paid $115 Morgan Creek Founder Selling Lambo for Bitcoin How to Trade In the Forex Market Video:poking fun at what they have or – rather – have not been able to buy with Nov 29, 2018 - Crypto Investors Wonder if 'When Lambo' and 'When Moon' Times Are Over CoinList Bitcoin tycoon crashes his £270,000 purple Lamborghini into a ditch after skidding on water and swerving to dodge a lamppost. Michael Hudson crashed his Lamoborghini Huracan Performante overnight PaidLikeRodney.com: "Guy Buys $350k Lambo With Bitcoin And Claims He's Earns $200,000+ Per Month Worth of Free Bitcoin!" [Paid Infomercial] For the second time in the past two weeks, someone purchased a high-end luxury car using Bitcoin.This time, the buyer happened to be a 4chan user.. The 2014 Lamborghini Gallardo was purchased

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I Bought a Bitcoin on Craigslist for $17,300

A month ago, Peter bought a Lamborghini Huracan using Bitcoin that he bought in 2011 for $115. At that time, Bitcoin was at $5600. Today it is over $8000! It is costing him around $4000 per day to ... 🔥Tesla Podcast (Elon Musk) Live 🔥 Company News, Bearish BItcoin, Liquidation, future Tesla Promotion 17,113 watching Live now I just bought a Lamborghini with Bitcoin - Duration: 6:38. Rodney buys 350k Lambo paid in full with Bitcoin - Duration: 2:02. ... Homeless Man Buys A Lamborghini - Duration: 14:20. MrBeast Recommended for you. 14:20. Language: English What should I try to buy with Bitcoin next? :) Paying a Prostitute with Bitcoin Prank: https://youtu.be/xnYayaVirj8 Join the Ballers and Subscribe! http://b... Rodney buys 350k Lambo paid in full with Bitcoin [email protected] text me at 202.873.4000 Find out how I can educate you and multiply your bitcoin in a company called USI-Tech.