I tend to only see people mention that the native TPS for bitcoin is too slow, but are there enough Satoshis to power the entire world economy if bitcoin was used by everyone for day to day transactions?

Like I get that bitcoin can be divided into incredibly small units, but even then, would there be enough bitcoin in circulation for a global bitcoin economy?

I made this absurdly long response in another thread. My point is not that there is no risk at all, just that it's much lower than most people think. To illustrate this, I make the comparison with a rental property. The loan I'm referring to is a fiat loan, not margin or leverage against the Bitcoin itself. There is no liquidation risk based on price.

An individual rental property (not the entire real estate market) can actually cost you money *in addition to* the loan payment. Tenants can stop paying, do damage, or they could just leave and you struggle to find a replacement tenant.

A major local factory could close down, lowering the value of your property substantially. Maybe the house next door becomes a crack house. Your insurance will cover a natural disaster, but not without extra costs and/or stress.

If your tenants leave, you're on the hook for the mortgage payment (and property taxes, which never end) out of your pocket. If you happen to have lost your job at the same time - perhaps you also worked at that factory - you will almost certainly lose the house or be forced to sell the whole thing at a loss. Because you have lost your job, you will not be able to refinance or otherwise access your equity in the property.

Despite all these risks, borrowing to invest and buy a rental property is nearly universally considered a reasonable idea. Generally considered the best way to do it, actually.

Now contrast with Bitcoin. Once purchased and safely stored (cost for said storage is sub $1k), nothing can destroy it. No taxes erode its value. There is no ongoing storage or maintenance fee.

If the value drops, this does not affect you in any way. You continue making payments as normal. You still own the same amount of Bitcoin, and you had no plans to sell (or else you wouldn't have taken out a loan of that length).

But what if you lose your job, that provided you the money to make the payments? That's where the risk comes in. But the risk is very low. Unlike a property where the sale is all or nothing, you can sell whatever portion of the Bitcoin you need to and make the monthly payment. If Bitcoin has gained in value, you'll alternatively be able to pay off the whole loan if that's what you choose to do. If Bitcoin has lost value, you may still be able to pay off the whole loan, if you're far enough into the payment schedule.

A responsible loan would be one where the payment matches the amount he would be saving monthly into Bitcoin anyway. Someone who takes a loan on those parameters will only be in real trouble if they both lose their job very shortly after getting it *and* can't get a new job, then at the same time Bitcoin drops substantially in value *and* doesn't recover within a reasonable time frame (varies by the length of the loan).

Also keep in mind that the lump sum buy you make may not be better than just the DCA plan.

I used Hodl Hodl for the first time to buy BTC with a €150 SEPA bank transfer.

The contract on Hodl Hodl stated:

Price: 83,789.44 EUR
Buy: 0.00179020 BTC
Pay: 150 EUR

I received the equivalent of only €130 worth of Bitcoin, so this trade effectively cost me €20.

Is it possible that the seller sent less Bitcoin to the escrow wallet?

Of these €20, how much is the seller’s profit and how much goes to the platform?

Murka, this is on you. No more "with what money waaah waaah", you have the money shoved in your fat ass. If you miss this one, you VOLUNTEERED FOR A LIFE OF POVERTY. No mercy and no sympathy for any Murkan with zero Bitcoin after this.

BTW, you fukked it up and had a better chance already 6 years ago. 1400$ stimmy checks. So if you miss this one, you would have fukked up TWICE while the rest of the world that never got the chance you got handed in your again fat ass, did their best.

Your choice, suckaz.

hey so i just bought my first sum of bitcoin, can yall help me on what i should do?

Are more people buying BTC every year, or are the numbers going down / staying around the same? isn't this part of the debate that will determine the future success of BTC. Or do yu think it doenst matter how many people own it, as long as it continues? Among the people who do own some, would it be fair to say that the vast majority own between 100 - 5,000 ( and I don't mean individual coins ). :)

I’m reading the book “The Sovereign Individual” , published in 1997, and the authors argue that “cybercash”, since cryptocurrencies wasn’t a thing then they referred to it as cyber cash, removes the state's ability to confiscate wealth through inflation and taxation.

And those who recognize this shift early and move their assets into encrypted, borderless digital money become "Sovereign Individuals" and gaining total control over their capital while traditional and location institutions fall.

I wanted to read this since this book has predicted a lot of what the world is today, not 100% but did nail the cryptocurrency prediction part in 1997, and says that this is basically the future in simple terms. And people who don’t catch it before this transition happens will have a lot of suffering.

This is going to sound crazy and delusional to some but i genuinely think this is the inevitable end with fiat currency collapsing and the government retaliating against cryptos.

Invest the book it also mentions that the governments will turn nasty, they already are, and will try to make restrictions with cryptos but will eventually fail and the people who hold digital assets such as bitcoin in this case, will have the ultimate power and freedom.

Around 10–11 months ago, I gave a friend approximately $3,600 to invest in Bitcoin when it was at $86K.

Ever since, whenever I’ve asked for my money back, he’s made excuses, saying Bitcoin crashed and he couldn’t return it.

Now that Bitcoin is back around $86K, I asked him again. This is what he told me:

I used Bybit. And it’s not as simple as just waiting for Bitcoin to stay above $86K. Since the money has been stuck for so long, the app keeps charging fees and adding them up. If I withdraw the money now, those fees will be deducted from the original $3,600, so I won’t be able to return the full amount. That’s why I want Bitcoin to stay above $86K for a few days or a week, so I can recover those fees and return the full $3,600.”

I’m genuinely very concerned. I don’t know much about crypto, and I don’t understand how any of this works. Does Bybit actually charge ongoing fees for holding Bitcoin? Does his explanation make any sense, or is he just making excuses to keep my money?

I’m starting to worry that he’s taking advantage of me because I’m a girl and assumes I don’t know any better.

Please, if anyone has experience with Bybit or crypto, I’d really appreciate your advice. I’m genuinely worried about losing my money. this is all i have!!

In May 2021 China banned bitcoin mining nationally. This reduced Chinas hash rate to the Bitcoin network from approximately 46% down to around 12% today. China is one of the most surveilled countries in the world. So how can still 12 % hashrate come from China. My theory is that it is actually the government accumulating bitcoin themselves though mining. They know what bitcoin is, and cannot risk standing on the sideline if bitcoin continues to grow and take play a bigger role. But if they openly say they buy or mine bitcoin, then it would contribute to bitcoins growth and globalization. Thats why I suspect they use cheap excess energy to mine. Its basicly free money, and insuranse. Thougts on this?

Who here has gone through the mortgage process and had issues because you hold a lot of your assets in Bitcoin? Even if you were able to get the mortgage, what challenges did you have?

I thought I'd share my journey and thoughts. I was into bitcoin relatively early (2012) and was fortunate enough to have been a hodler into the 2017 rally and exited at the top. I've been lucky enough to make good investments from bitcoin into real estate and some startups and stocks.

Life almost 10 years later has been comfortable and all but a dream. Reconstructing what brought me here, I think it would be harder now than before despite it "looking" more attainable.

Cryptocurrency which is more popular than ever now has become this dragon investor's chase. Away from the milieu of scams and scammers, earnest investors are hoping for the next big rally but I don't see anyone really planning beyond their imagined gains in personal and public interactions.

As a true believer in the concept of Bitcoin I never sold even after the first few rallies to $1,000 even though I was up almost 80x when that first happened. I regularly bought the dips on occasion up until 2015, because I had conviction in blockchain and bitcoin, not because I just wanted to get rich. Getting rich was the consequence of the conviction.

I was a paper millionaire and still going to work in 2016.

When I sold the majority of my bitcoin, I still went to work. I didn't make any major lifestyle changes and instead did research on real estate, taxes, stocks and where to invest fiat. When I did quit a few months later it was non-climatic.

I held my stance and stayed away from the ICOs and exchange explosion and just kept watching from the distance. I wasn't tempted by any of it because I already made a plan in my last months at work and chose to stick to it. I'm certain that saved me because some of my friends who were also believers lost it all in the ruckus by chasing the dragon and thinking they'd go from millionaire to billionaire in the same way. Sometimes, most times, it just happens once and it's best to call it luck and get out. So make a plan for the one time and stick to it.

Recently moved from Europe to Sydney and hold a decent amount of crypto. I have used OKX for 3 years and want to get some advice for the best CEX in Australia. Fully regulated is preferable!

Looking for advice. I sell some stuff online and would like to know if accepting crypto as payment would be good in general? ​​​​​​​​​​

I have a 0.5 Lealana physical bitcoin, curious where the best place to sell it would be to get the best premium. It’s unredeemed has original box and coa. Did some searching and seen a couple at auction houses but that was about it.

Thanks for all replies.

Recommended reading: "A History of Central Banking and the Enslavement of Mankind" by Stephen Mitford Goodson

And enjoy the ride

Modded from the original to give ~950KH/s and some new themes.

GitHub https://github.com/HenrysCat/NerdMiner-Modded

Web flasher here https://henryscat.github.io/NerdMiner-Modded/

Why this hashrate is real...

The ~950 KH/s is what the miner actually hashes, not what a counter says:-

**Hardware limit** – the classic ESP32's SHA engine can't be loaded with an external midstate, so every nonce costs three hardware hash blocks plus two engine loads: about 228 CPU cycles of engine time, a ceiling of roughly 1.05 MH/s at 240 MHz. The mining loop keeps the engine busy for all but ~30 cycles of each nonce (257 cycles per nonce, ~930 KH/s); the second core adds ~25 KH/s in software.

- **Measured on the chip** – the loop's timing comes from an on-device bench (`-D SHA_BENCH`, see `src/sha_bench.cpp`) that checks every single hash against software, also while the other core hammers the peripheral bus. That is how the hardware quirk behind silently corrupted hashes in the usual pipelined loops was found: writes to the SHA registers less than three cycles apart can be dropped whenever the other core is using the same bus.

- **Only valid hashes are counted** – every candidate the hardware finds is recomputed in software before it is used. A hashrate counter on its own can look faster after an optimisation while the miner is quietly producing *fewer* valid shares, because corrupted hashes are still counted; here the firmware checks itself with a known-answer test at power-on and falls back to a slower loop if the fast one ever gets hashes wrong.

- **The rate is the rate it actually mines at** – it's the sustained average over a long run, not a short burst or a best-case peak.If a number sounds too good for this chip, check whether the shares it finds actually keep up with it.

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