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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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Ormeus Coin

Ormeus Coin is a new digital money system backed by a fully-audited USD250 Million industrial crypto mining operation. Revenue from the mining farm is cryptographically tied to the Ormeus Reserve Vault (ORV) through proof of asset technology and self-executing Ethereum Blockchain smart contracts, (ERC20 compliant).
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Nutcoin

Nutcoin - The Anti Scarcity Stabilized Currency
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07-08 11:15 - 'You transfer me the cash and your wallet address. I will send you the bitcoin. I offer this exclusive at 8000 USD per bitcoin. Send me a PM.' by /u/ElephantsAreHeavy removed from /r/Bitcoin within 268-278min

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You transfer me the cash and your wallet address. I will send you the bitcoin. I offer this exclusive at 8000 USD per bitcoin. Send me a PM.
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Author: ElephantsAreHeavy
submitted by removalbot to removalbot [link] [comments]

At $90,000 USD per Bitcoin Satoshi would become the worlds richest person.

Based on current bitcoin holdings in the Satoshi wallets this creator of cryptocoins would be the worlds richest person once bitcoin reaches $90,000usd. If Satoshi really wants to change the world for the better that would be a amazing time to implement further change. Richest person in the world... has a nice ring to it. If you became the richest person in the world due to Crypto Currency what changes for good would you implement ?
submitted by motorcyclesvancouver to Bitcoin [link] [comments]

At $90,000 USD per Bitcoin Satoshi would become the worlds richest person.

Based on current bitcoin holdings in the Satoshi wallets this creator of cryptocoins would be the worlds richest person once bitcoin reaches $90,000usd. If Satoshi really wants to change the world for the better that would be a amazing time to implement further change. Richest person in the world... has a nice ring to it. If you became the richest person in the world due to Crypto Currency what changes for good would you implement ?
submitted by motorcyclesvancouver to CryptoCurrency [link] [comments]

$4,900 USD per bitcoin!

$4,900 USD per bitcoin! submitted by CarbineGuy to Bitcoin [link] [comments]

$1,000,000 USD per Bitcoin

The likelihood that Bitcoin is succeed as a currency relies on that fact that no one person (whale) can easily manipulate the price.
For this to happen the market cap and liquidity must increase 100x from here.
Bitcoin must have a market cap of $20 trillion USD for it to succeed as a currency, that's 100x increase from today's prices. And roughly $800 billion USD traded daily.
Otherwise, we'll keep seeing whale manipulation and panics in the price.
submitted by coin4coin to Bitcoin [link] [comments]

At $90,000 USD per Bitcoin Satoshi would be the worlds richest person....

Based on current bitcoin holdings in the Satoshi wallets this creator of cryptocoins would be the worlds richest person once bitcoin reaches $90,000usd. If Satoshi really wants to change the world for the better that would be a amazing time to implement further change. Richest person in the world... has a nice ring to it. If you became the richest person in the world due to Crypto Currency what changes for good would you implement ?
submitted by motorcyclesvancouver to btc [link] [comments]

1 million USD per bitcoin?

Am I an idiot to think that bitcoin could be valued 1 million USD one day? Perhaps in the next 10-20 years?
I am not an economist and I don't pretend I know how economy works... but I think bitcoin has the potential to disrupt the way the whole world trades... every countries are trading in bitcoin... and it is the same currency for everyone, from poor farmers in some third world to rich billionaires on the other side of the world..
Be it a country like China or US, or a hard laborer / blue collar workers in Indonesia... it is all in one single currency... imagine that?
Am I an idiot?
submitted by A________AA________A to Bitcoin [link] [comments]

How can I get bitcoin diamond? It is about 200 usd per bitcoin.

submitted by jmmbrito to ledgerwallet [link] [comments]

May 2018 is going to have $20,000 USD per Bitcoin? Believe it or not!

May 2018 is going to have $20,000 USD per Bitcoin? Believe it or not! submitted by mesitocom to u/mesitocom [link] [comments]

$1,000,000 USD per Bitcoin /r/Bitcoin

$1,000,000 USD per Bitcoin /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Real talk: 1-3 USD per bitcoin is entirely reasonable, and to expect it to rise is missing the point of money.

Just from looking at some bitcoin mining calculators then the +100% return on capital PER MONTH you could be making at the peak seems somewhat unsustainable. And it seems that if you assume free electricity* then you'll be making around 10-20% return per year on capital invested in mining gear at current price levels, which isn't bad. Unless you're used to 100% return per month, I guess, but in the real world 20% is plenty good and should be more than enough compensation to keep the network going.
And it's important to remember, currency is a tool to facilitate transactions, it's not something you hold or print to get rich. In the long run the current price is far closer to something sustainable and assuming it hangs around current levels for a while then bitcoin will become a far more viable proposition than it was at +30 levels.
Anyone disagree?
*and by free I mean living in a place where you have to use electric heating anyway, and/or have electricity included in rent.
submitted by helloWHATSUP to Bitcoin [link] [comments]

The absolute maximum USD price of Bitcoin is 1 10^200 USD per Bitcoin after which we will need to fork Reddit to increase the 300 character limit to be able to put the full price in the title box. We need to start the consensus process to fork Reddit ASAP if we want to be ready on time!!!!! /r/btc

The absolute maximum USD price of Bitcoin is 1 10^200 USD per Bitcoin after which we will need to fork Reddit to increase the 300 character limit to be able to put the full price in the title box. We need to start the consensus process to fork Reddit ASAP if we want to be ready on time!!!!! /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

$4,900 USD per bitcoin! /r/Bitcoin

$4,900 USD per bitcoin! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

1 million USD per bitcoin? /r/Bitcoin

1 million USD per bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

$1 billion USD per bitcoin /r/Bitcoin

$1 billion USD per bitcoin /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Launching promo on #BTC-RIGHT excahnge. No Fee. 491.3 USD per Bitcoin ATM.

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What about this gay who predict 10 usd per bitcoin for 2014? /r/Bitcoin

What about this gay who predict 10 usd per bitcoin for 2014? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

06-12 14:41 - 'What about this gay who predict 10 usd per bitcoin for 2014?' (self.Bitcoin) by /u/zerobitcoin removed from /r/Bitcoin within 0-5min

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What about this gay?
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What about this gay who predict 10 usd per bitcoin for 2014?
Go1dfish undelete link
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Author: zerobitcoin
1: **w.*usinessin*ider*co*/w*lli*ms-*itco*n*m*lt*own-10-2*1*-12
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

remember the price swings: $0.1 $ 1 USD per Bitcoin? Following week $ 10.00 per Bitcoin!! /r/Bitcoin

remember the price swings: $0.1 $ 1 USD per Bitcoin? Following week $ 10.00 per Bitcoin!! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Insane Bitcoin with a new all time high of 272 USD per Bitcoin!

Insane Bitcoin with a new all time high of 272 USD per Bitcoin! submitted by oeidBIG to Bitcoin [link] [comments]

Some very important points that most people do not understand about Bitcoin

Point 1)
Most people do not understand that you can't send money over internet, but only information. Bitcoin is the first digital settlement layer.
When I send a picture to someone on Facebook messenger, I don't actually send a picture. I send information about the pictures structure, and the picture gets restructured on the client side (the cellphone) of the user I send it to. Copy of the information is being sent, not the picture itself. So you can't send money over internet, it is not possible, only information.
If I have a bank account at some bank, and I send $50 dollars to another person in the same bank by using the banks website, then a transaction happens between two people within the same infrastructure, which is the banks back-end system and database. So the banks system just subtracts $50 dollars from one person and adds $50 dollars to another person. But no money has moved, only information has been edited. But if I send money to someone that uses another Bank, then this bank has its own infrastructure which is independent of the first. So Bank1 tells Bank2 that they have a user that wants to send money to a user of the other bank. So Bank1 subtracts $50 from User1, and Bank2 adds $50 to User2, but now Bank1 owes Bank2 $50, why? Because you can't send money over internet. So they have to settle the difference between them with some kind of a settlement system, (cash, gold or a third party like a central bank). This difference can be the result of many transactions between many users and can be millions of dollars of worth, the settlement can be done periodically for example every 6 months.
With Bitcoin, because of how the system works, it is almost as if you can send value over internet for the first time, even though you don't really send value, you still send information, but since the infrastructure is global, it is like the first example, it is as if the world has (one large bank infrastructure), that is fully automated and which no one controls.
This alone makes Bitcoin extremely valuable, because it is a trust less digital settlement layer which is extremely secure and not dependent on one particular nation or organisation.
Point 2)
There can never be more than 21 million Bitcoin. This is very hard for people to grasp. Because what do you mean there can never be more than 21 million bitcoin? It sounds like a game, such a scam... People do not understand that Bitcoin is not normal software. In normal software the developers can change the code as they want and publish the code when they want. They do not understand that Bitcoin is a software that is not like a normal software. You can't actually change the number even if the number is programmed in. Which of-course most people will deny, because it makes no sense for most people. They do not understand that even though it is theoretically possible to change it, it is practically almost impossible. It is theoretically possible for me to convince half of Sweden to burn half of their money, but practically impossible. Just because something is theoretically possible, doesn't mean that it will happen within a time frame, or even in your lifetime. In order for the 21 million supply to change, most people in the Bitcoin community needs to agree on it, which is practically impossible. Miners have to change to the new protocol and so on. Not going to happen.
When gold treasures were lost in the past, someone else could find them. Gold practically never completely disappears, it is a chemical element. With Bitcoin, once it is lost it is practically lost forever (put aside quantum computing for now and other theoretical unforeseeable events). 21 million is only the upper theoretical limit. Bitcoin will be more and more scarce as time goes by. Gold is not like this. Gold has an inflation rate of 1,5% every year. The reason it is constant is because even if the stock gets bigger, the flow into the stock also gets bigger because of better mining capabilities, so you can look at it as constant inflation of 1.5% every year. With Bitcoin, not only do the stock to flow ratio go up every halvening, and the flow into bitcoin not only decreases with time, but almost goes into negative because of lost coins every year. This is completely insane and people do not understand this. If you combine this almost deflationary nature of Bitcoin with extreme bullish market sentiment then you will realize that no one knows what is going to happen in the future because wrapping your head around all this and to come to a conclusion about the Bitcoin price will make you sound absolutely delusional to most people.
Point 3)
People think that $100,000 bitcoin is wishful thinking and that there is not enough money in the world for Bitcoin to be worth millions of dollars. Which I can assure you is false. Bitcoin can even be worth $50 million dollars per coin, which would make 2 satoshi 1 dollar. Even if one Bitcoin transaction would cost 10 000 Satoshi. You might say, that's not possible, whats the point if one transaction is so expensive. Again, you don't need to actually do a transfer of money, as in the first example of point 1, virtual transactions on bank level can happen, or on Coinbase. You can send 100 satoshi to someone and pay 1 satoshi in fee "on the bank level", not on chain, banks or exchanges then will settle the difference as they want. At least with Bitcoin you have the option to be you own bank, even if that will cost you more, you still have the option. This is already happening in front of your eyes. Banks like Dutch ING, Deutsche bank, are already working on custody services for cryptocurrencies. And even exchanges want to operate as banks and exchanges like Coinbase are working to get license for this. This is already happening and it is the correct move forwards, a mix between the legacy banking system and cryptocurrencies. You can already spend your Bitcoin with Coinbase Visa Card or similar services. Most people are too lazy and stupid to operate like us with their own wallets, it is a fact well known.
In terms of the price, money inflow is not the same as market cap. Take for instance the following simple scenario. I own 100% of the shares of my own company and I decide to sell 10% of the company for 1 million USD, which will value my whole company at 10 million USD, so 1 million flow into my company leads to 10x market cap of 10 million USD. For Bitcoin to have 21 trillion market cap, Bitcoin does not need 21 trillion of money inflow. Bitcoin price is dependent on market sentiment, if the market sentiment is such that very few people want to sell their coins because the price keeps going up then you might have 100x market cap of the money inflow. So 1 billion USD in money inflow translates to 100 billion USD in market cap. The multiplier can be 10x, 2x or 50x, all depends on market sentiment and time period. So an inflow of 10 trillion USD in 10 years might lead to 100 trillion USD market cap of BTC and 5 million USD per Bitcoin.
Bitcoin value have no roof, the price might actually just keep going up and up and up and up and up. We have never had something that is absolutely scarce, and global, and seen as an alternative form of money, when the rest of the world keeps bubbling up. There is no limit on the BTC price because the whole world works with a bubbly system, and the way Bitcoin is price discovered, is a guaranteed insane BTC price in the future. Even $100 million USD per Bitcoin in 50 years before I am dead is possible.
Point 4)
Fiat does not need to die, and Bitcoin does not need to take over in order for Bitcoin to have "ridiculous price". No financial crisis is needed. Actually what you want is things to just continue as they have done in the last 10 years. No too extreme events. Just "small events" here and there. You can't change human nature, it is inevitable. Bitcoin is so ingrained into our world that there is no way back. There will be people with whole Bitcoin, and people without. Just like people with gold and stock investments and real estate, and people without those things. No insane events, this is all normal.
Point 5)
Bitcoin has won as the financial cryptocurrency. No flippening will happen. The only flippening will be with gold and fiat currencies. If I wanted to, I could have developed a system like PayPal in 1 month time, and it would be able to do 5000 transactions per second because I would use MySQL and SSD, but no one would use my service because they would not trust me because they have no idea who I am and what my service is, and there is no one to send money too, so the network is not there. Bitcoin has won because security and network effect is way more important than transactions per second. Transactions per second will be dealt with on bank level, exchange level, or layer 2 solutions. This is already clear to me. Bitcoin has won.
Point 6)
In order to understand Bitcoin and what will happen in the future, you have to be able to see things that are not in front of you. You can't compare Bitcoin to Tulip mania, or even Gold. Because something like Bitcoin has never existed before and you have to think about it's properties and try to understand it with human nature and with how the world works and how everything keeps increasing, and Bitcoin is the thing that does not increase in supply. You will eventually accept the unnatural thought of Bitcoin never stopping going up in value, which is something that is hard to come to terms with, because it feels unnatural, "and it could not possibly be so".
Point 7)
The Gini coefficient of Bitcoin is not a big deal. I used to think that it was unfair that some people had 1,000 BTC, 10,000 BTC, or even 50,000 BTC. And I was afraid that they might dump their coins into the market and crash it. I have now realised that these people are smart people and they think like me, and they won't just dump their whole BTC holding on the market as that might be a very bad move for them. It is like when a majority holder of a company, like Jeff Bezos and Amazon, understands that he can't sell all of his shares in one go as that would effect Amazon stock value too much and would not be smart. It is best to sell when the price goes up, but then when they sell the BTC will just be eaten up by other people, and they will be at a loss in the longer term. And the other thing is that perhaps there is no other smart place to put that fiat money, Bitcoin might just be the best place to keep those amounts of money. Someone with a very large holding has two options. He can either sell his BTC, in which case the price would go down but the Bitcoin would be spread out between potentially thousands of new users, or he might decide to never sell. If he decides to never sell, it is as if those Bitcoins are lost forever and that is good for the Bitcoin price and Bitcoin in general. If he decides to sell then Bitcoin will be divided more equally among many users which is also a good thing for Bitcoin because that increases the network effect, and after he sells he no longer has the power to drive the price down, but now he sits on a very large fiat holding, he might even buy back at a higher price and drive the price higher. I know that if I had 10,000 BTC, I would sell 1,000 BTC and buy a house and a car and whatever I wanted, and sell another 1,000 BTC to diversify into some other assets. And keep 8,000 BTC because I don't know of anywhere else to put that kind of money into good work. I believe in Bitcoin so as an investor it makes sense to keep it here. I probably would never sell because I would never need anything else after the initial 1,000 BTC sell.
Bitcoin is like a black hole that sucks in the Earths monetary resources over time. Most people that bought really early and were smart enough to hold all the way to these prices will only sell what they need to sell and keep the rest in BTC. Some of them might want to speculate and try to time the ATH, only to buy back in with most of the fiat they sold. Which means that even if money goes out of the market, it only goes out of the market temporarily, only to get back in at hopefully lower prices. And so the market grows, and grows and grows over time.
Point 8)
Bitcoin has intrinsic value. When people like Peter Schiff say that gold has intrinsic value because gold can be used in electronics and aviation and therefore gold has value but Bitcoin has no value because it has no intrinsic value, you have to take a pause and do some critical thinking. Can you imagine 16th century pirates looking to find a gold treasure worth an insane amount because they knew gold had value because of electronics and aviation? This is clearly absurd. Gold has been used as money for thousands of years and electronics and aviation was not even a thing 150 years ago. Gold has value because it is globally scarce. Bitcoin is absolutely verifiable scarce. Bitcoin has intrinsic value because of it's monetary policy and because you can carry millions of dollars of value by remembering only 24 words in your head, and carry that value wherever you want and no one can stop you, that is intrinsic value.
People had a hard time understanding that a website like Facebook could be worth billions of dollars, because it was not physical, it was "just a website". Even a website like Google search is not physical and still it has immense value. It is valuable information and it provides a good service, and that has value, it does not have to be physical and tangible.
submitted by 21btc to Bitcoin [link] [comments]

Miny.cc — Crypto Mining Solution — I am making $0.52 USD per day from a deposit of ~ $130.00 USD of Bitcoin (BTC)

Miny.cc — Crypto Mining Solution — I am making $0.52 USD per day from a deposit of ~ $130.00 USD of Bitcoin (BTC) submitted by thiseffnguy to CryptoAirdrop [link] [comments]

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