Re: Bitcoin Forum - heise online

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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BitcoinRetrieve

How Can I Retrieve Stolen Bitcoin
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Bitcoin Red Team

The Bitcoin RED Team. Our goal is destabilization, chaos & decay of the Bitcoin crypto-currency. Once we have a solid foundation of team members the sub will be switched to private mode, so that we can execute our tactics behind closed doors. ETHEREUM is the next PUMP target, Bitcoin the next DUMP target. Execute strategy outlined in the private wiki (members have a link) using the ETHEREUM pump toolkit provided.
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Bitcoin (re) denomination - Discussion

Hi comrades, I have been looking at the top 10 coin movement and noticed a shit coin named polkadot. Anyhow the post is not about the shit coin and what it offers but action from the developers to re-denominate the token to x100. So any hodlers having 1 token before the change ended up having 100 after the change. This increased the supply of the token 100 times without changing the overall value of the coins that the people were already holding. It did though change the value of one token from 400$ to 4$ overnight (I actually not sure what the value was when the change happened but you get my point). This resulted in increased interest and massive influx, although nothing really changed except the perceived value of one token.
I know the way the value of 1bitcoin is presented has been beaten to a pulp for years now and I know we could just switch from tracking the value of bitcoins to milibits (0.001 BTC) and we would actually have the perceived price of buying be reduced but practically that is not very effective or attractive to people who are used in buying shares.
Think of the following:
1)There are 21,000,000 BTC. I can buy 1 BTC for 10k$. Noob thoughts: "It is too expensive.. I missed the boat". The noob does not know about milibits or satoshis. Even if he understands the denominations, he will still thing 1 BTC is too expensive. Because it does not feel right to buy a small part of something. People like completeness. You see the pride when newcomers achieve ownership of 1BTC. Having 0.999BTC feels incomplete although practically not different much. Nobody will ever own 0.999BTC and think: "I don't feel like buying more. I have put enough into this"
2)There are 21,000,000 BTC. I can buy 1mBTC for 10$. Noob thoughts: "What the hell is a mBTC? I want a BTC. It is too expensive". People tend to think of Tokens as shares. They don't want to buy one-thousandth of a share in amazon. Even if they could they want to buy a whole one, if they can't they may buy a whole one of something else. Additional problems: How much fees do I have to pay to buy 1mBTC. The same fees that I have to pay to buy 1BTC. That kind of sucks. You are paying for 1mbtc and you will receive 0.9mBTC or even less.
3)There are 21,000,000,000 BTC. I can buy 1BTC for 10$. Noob thoughts: "Awesome, that shit used to be 10k$!" Also, the fees are divided by 1000 so in order to buy 1BTC I will pay 0,0001 BTC, which I suppose sucks for the miners. Obviously The block reward will be x1000 to keep the mining reward the same but the fees will be reduced to one-thousandth. The market cap of BTC goes to the moon. Price of 1BTC climbs to 100$ and people still think it is dirt cheap. Miners no longer mind since they make x10 from the block reward. People who had previously 1BTC valued 10k$ end up having 1000BTC valued 100k$. Also, BTC can be used for smaller transactions immediately.
Now I am not any kind of developer to be able to judge if scenario 3 is impossible to implement or not. Also I am not sure how this going to affect participation in securing the network (miners) due to the reduced fees, but it does seem to me away to boost attractiveness and therefore adoption.
Thoughts?
submitted by totopsgr to Bitcoin [link] [comments]

Bitcoin Re-Entering the ‘Intense Historical Trading’ Area Following a Strong Uptrend

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Bitcoin (re) denomination - Discussion (x-post from /r/Bitcoin)

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Bitcoin Re-accumulation phase?

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Bitcoin re-testing $10,500 bodes well for the coin

Bitcoin‘s current rally is possibly coming to a temporary halt as August 2020 draws near a conclusion. Since the start of the month, the narrative and sentiment surrounding Bitcoin have been positive, and the bullishness has rubbed off on other altcoins. After surpassing past resistance at $12,000, Bitcoin recently clocked in a value of $12,400 […]
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Bitcoin Re-accumulation phase? (x-post from /r/Bitcoin)

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Bitcoin Re-accumulation phase? (x-post from /r/cryptocurrency)

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Bitcoin Re-accumulation Phase?

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Bitcoin Re-accumulation Phase?

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Bitcoin Re-accumulation Phase?

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Bitcoin Re-accumulation Phase?

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06-14 09:34 - 'Bitcoin Re-accumulation Phase?' (youtube.com) by /u/intothecryptoverse removed from /r/Bitcoin within 273-283min

Bitcoin Re-accumulation Phase?
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Author: intothecryptoverse
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Bitcoin Re-accumulation Phase?

Bitcoin Re-accumulation Phase? submitted by intothecryptoverse to CryptoMarkets [link] [comments]

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Bitcoin We're in Love

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bitcoin We're in Love · Jason Saulnier Bitcoin We're in Love (Album) ℗ Music Legends Released on: 2017-12-29 Auto-generated by YouTube. Die Bitcoin Millionäre ARTE Re, Kryptowährungen, Bitcoin-Mining, Trading, Digitale Revolution ... Leute kauft Bitcoin - seit Anfang diesen Jahres empfehle ich zusätzlich: kauft BitcoinCash ... bitcoin (dot) org [bitcoin wallet] bitminter (dot) com [client and workers] there will never be a better version of this. G'day YouTubers and welcome to my Channel 1MJ. This channel is about one man's journey (that one man being me) into Cryptocurrency. I am not a Financial or I...

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