BITCOINMID | A Revolutionary Digital Money System

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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BitcoinAirdrops

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
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SwC Poker: #1 Bitcoin Poker Site

SwC Poker is the largest Bitcoin online poker site in the world.
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Passive Income Blog | Bitcoin Money System | Crypto Cash Program 2018

Passive Income Blog | Bitcoin Money System | Crypto Cash Program 2018 submitted by LeenaLema1 to u/LeenaLema1 [link] [comments]

‪Trust no more in the broken system. It’s time to WAKE UP! Restore your wealth! STOP 🛑 AND CONVERT WHAT YOU HAVE LEFT INTO #Bitcoin Take back your POWER and Restore your wealth! #unemployment Will NOT take care of you. Demand #Jobs to pay you in bitcoin. Your 👉 RESTORED (Money).‬

‪Trust no more in the broken system. It’s time to WAKE UP! Restore your wealth! STOP 🛑 AND CONVERT WHAT YOU HAVE LEFT INTO #Bitcoin Take back your POWER and Restore your wealth! #unemployment Will NOT take care of you. Demand #Jobs to pay you in bitcoin. Your 👉 RESTORED (Money).‬ submitted by Shenron2020 to Bitcoin [link] [comments]

Bitcoin has a "laundering" money system built right in. Move stolen Bitcoins by putting them in very high fee'd transactions. A miner collects fees as virgin coinbase and shares it with bad guys.

You don't realize it if you don't see it, but really bitcoin fees are burned and miners mint that exact same amount as coinbase.
Fees go in having come from a long list of transaction history, and come out as virgin coinbase bitcoins with zero history.
submitted by whyison to btc [link] [comments]

Money is a symbol of the confidence that human beings have in each other. It’s a symbol of compatible human value systems. Bitcoin’s value system is “come and go as you please. Respect and love your fellow humans.” If you can agree on that, then the Bitcoin software can do the rest.

submitted by the420chronicler to Bitcoin [link] [comments]

Bitcoin (BTC) Can Be Best Understood By Understanding the Money System (current BTC/USD price is $9,081.61)

Latest Bitcoin News:
Bitcoin (BTC) Can Be Best Understood By Understanding the Money System
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools.
submitted by coinsaladcom to CoinSalad [link] [comments]

"Bitcoin’s [Bitcoin Legacy (BTC)] Disappointing Performance..." "Had developers prioritized scaling the Bitcoin [BTC] network to make it a useful payment system for people, they might have learned more about money and private governance than they bargained for." -Max Gulker of AEIR

submitted by unstoppable-cash to btc [link] [comments]

HSBC bank stealing all the money of Hong Kong resistance movement.Want freedom?, too bad, banks will side with the powerful oppressive state every time. Get bitcoin now, so one day you aren't locked out of the financial system, on a long enough timeline everyone is considered a domestic terrorist

HSBC bank stealing all the money of Hong Kong resistance movement.Want freedom?, too bad, banks will side with the powerful oppressive state every time. Get bitcoin now, so one day you aren't locked out of the financial system, on a long enough timeline everyone is considered a domestic terrorist submitted by MakeTotalDestr0i to Bitcoin [link] [comments]

This perfectly explains the current banking system. Banks are printing money out of nothing. This is why we need Bitcoin. Short the bankers!

This perfectly explains the current banking system. Banks are printing money out of nothing. This is why we need Bitcoin. Short the bankers! submitted by peace_seeker007 to Bitcoin [link] [comments]

If you buy into the political bent of bitcoin, aren’t you rejecting fractional banking and our whole system of money? Is bitcoin really better?

Maybe I just view bitcoin differently but I hear a lot of people that are obsessed with the idea that bitcoin is going to become the major world currency. However, to me, it seems that the growth of bitcoin in circulation is too slow to support the lending that is needed to support economic growth. Especially in the age of technology disruption, you need a system that can promote debt creation. That system has been fractional reserve banking and I believe it has done quite well. Why is bitcoin a better alternative?
Also, a lot of people buy into the idea that the Fed, through its QE and other practices, can destabilize the currency. While certainly they can, even when currencies were linked to gold, you saw a lot of periods of destabilization.
So why is bitcoin going to save the world? Personally, I don’t see the fiat money going away. Best case, bitcoin becomes like gold and is considered a flight to safety.
So why am I wrong?
submitted by EricJr123456 to Bitcoin [link] [comments]

PSA: The BCHABC dev tax does not affect BSV. This is the whole reason why BSV split away from those tyrants. We predicted the dev tax and other tyrannical behaviors by the BCHABC dictators. BSV continues to defend Bitcoin and Satoshi's vision, sound money, common sense, and an honest system.

I have come to see the reality that BSV is being hurt by the tarnishing of the Bitcoin Cash brand by the self-professed dictators of BCHABC. Many people who are casual observers or even investors may not understand the situation. Here is an example. BCHABC and their tyranny is rubbing off on us giving us a bad name and scaring people away. BSV is the honest version of Bitcoin Cash that follows Satoshi's vision. Usually we drop the cash part of the name and refer to it as BitcoinSV or just Bitcoin since it is the real Bitcoin and not an imposter like others that are scamming retail investors, tricking them into investing into a sham. There will never be a mandatory dev tax on the real Bitcoin, BSV. If there were, it would no longer be Bitcoin.
We are the ones that predicted the dev tax on BCHABC and tried warning people:
https://old.reddit.com/bitcoincashSV/comments/cjnwxh/there_are_two_classes_of_developers_real/
https://twitter.com/cryptorebel_SV/status/1175560273631096832
https://twitter.com/cryptorebel_SV/status/1196191583575646209
https://twitter.com/cryptorebel_SV/status/1228801834028019712
https://twitter.com/cryptorebel_SV/status/1228835791817838592
https://old.reddit.com/bitcoincashSV/comments/eubjy3/we_predicted_the_bch_dev_tax_months_before_it/
Because we have been banned as a result of censorship in other subs that we largely built with our hard work, many people are being mislead about the truth and its hurting the adoption of Bitcoin as a whole. The purpose of this post is to educate newbs visiting this sub who may have heard about the tyrannical dev tax on BCHABC and to let them know BSV the real Bitcoin is not affected. We will be supporting sound money and an honest system, mining world record size blocks, delivering sound money to the world.
submitted by satoshi_vision to bitcoincashSV [link] [comments]

Peter R. Rizun: "The goal I'm working towards is the global adoption of "Bitcoin: A Peer-to-Peer Electronic Cash System." BCH is currently the most promising means of achieving that end. But it's important to remember that BCH is not the end in itself—better money for the world is."

Peter R. Rizun: submitted by Egon_1 to btc [link] [comments]

05-03 14:05 - 'This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little co...' by /u/Lucania001 removed from /r/Bitcoin within 355-365min

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This is fairly embarrassing, the title of the white paper is peer to peer electronic cash system. Yes it should be sound money but it should also be easy to send money to another person, in a timely manner and of little cost.
The block size limit wasn’t even a thing in the original code, it was placed as a temporary measure for miners, always intended to be increased as we started hitting the limits.
This stuff is written in code and pull requests..... sigh
Good news is though I’m starting to feel like an old timer around here :)
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Money only has value within the system. The central banks willingness to print additional money into circulation is a huge bubble that has been globally accepted as a normal way to bridge economic difficulties. That is why we need Bitcoin!

submitted by xtarsy to Bitcoin [link] [comments]

"Modern monetary theorists and gold bugs alike will never admit it, but the calamity that is all fiat systems is nothing more than the manifestation of gold’s failure as a monetary medium. It is a dead man walking. " Bitcoin Obsoletes All Other Money - Unchained Capital

submitted by unchainedcap to Bitcoin [link] [comments]

04-23 13:45 - 'Yes, according to the vast majority of the bitcoin community the value of bitcoin is expected to increase as FIAT monetary systems inflate the money supply. To claim that this is not and ubiquitous belief is you b...' by /u/VeterinarySurgeonK9 removed from /r/Bitcoin within 165-175min

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Yes, according to the vast majority of the bitcoin community the value of bitcoin is expected to increase as FIAT monetary systems inflate the money supply. To claim that this is not and ubiquitous belief is you being deliberately obtuse. Wishing death on people's pets because someone is pointing out flaws in your belief in bitcoin is disgraceful and you should be ashamed of yourself.
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Bitcoin is money. Government money is scam, money surrogacy. I live in Ukraine. Almost a year ago, I bought a photo taken in Johannesburg, South Africa. Photo price is $ 2.50 with a commission of 0.5 cents. With a banking system, such a transaction cannot be made.

Bitcoin is money. Government money is scam, money surrogacy. I live in Ukraine. Almost a year ago, I bought a photo taken in Johannesburg, South Africa. Photo price is $ 2.50 with a commission of 0.5 cents. With a banking system, such a transaction cannot be made. submitted by Apollinary to Bitcoin [link] [comments]

Peter Schiff once said Gold Money would kill bitcoin. Now Gold Money is dead proving once again that the only viable global sound monetary system will be a completely decentralized one.

In this most recent Podcast at 50:40 Peter Schiff talks about the fact that Gold Money has had to start charging storage fees on their accounts of $10 per month just to cover regulatory burden costs, and you can no longer transfer gold ownership to other account holders in the US. This has made small accounts of less than a few thousand dollars and accounts wanting to use gold as a medium of exchange impractical which has caused Gold Money to have to completely change their business model.
Gold Money were originally trying to make gold usable in commerce as a medium of exchange via a bank account and gold backed debit card. Peter Schiff has always said that this one company would kill bitcoin because gold as a medium of exchange is better than bitcoin. Our argument however was always that Gold Money would never work because it was centralized and at the mercy of regulatory suffocation where bitcoin is decentralized and can survive no matter how much regulatory burden exists. No one can stop bitcoin transactions from propagating and there are no monthly storage fees when using a hardware wallet.
The fact that Gold Money could not do what it set out to do shows once again that a decentralized protocol for money is the only system that can work long term and that backing a crypto token with gold just brings it back to being centralized again. Bitcoin so long as it is algorithmically scarce does not need gold backing to make it scarce. Bitcoin is the only logical way forward for a global sound monetary system.
Peter Schiff stated he will take over where Gold Money left off and his centralized company will do what they couldn't starting next year. What is the definition of insanity again? Trying the same thing over and over again while expecting a different result.
TLDR; Another centralized gold backed payment system goes under proving once again that the only viable system is a decentralized one. Peter Schiff left with egg on his face once again after saying Gold Money would kill bitcoin.
submitted by slvbtc to Bitcoin [link] [comments]

PSA: The BCHABC dev tax does not affect BSV. This is the whole reason why BSV split away from those tyrants. We predicted the dev tax and other tyrannical behaviors by the BCHABC dictators. BSV continues to defend Bitcoin and Satoshi's vision, sound money, common sense, and an honest system.

submitted by tykegraceful to btc [link] [comments]

“Ripple is highly centralized & XRP is more akin to a PayPal account than a trustless system like bitcoin.... It's hard to come up w any rational reason why XRP exists in the Ripple protocol, other than as a means for Ripple to make money. Lots of money.“

“Ripple is highly centralized & XRP is more akin to a PayPal account than a trustless system like bitcoin.... It's hard to come up w any rational reason why XRP exists in the Ripple protocol, other than as a means for Ripple to make money. Lots of money.“ submitted by parakite to RippleScam [link] [comments]

03-26 07:03 - 'Bitcoin is a distributed , worldwide, decentralised digital money . You might be interested in bitcoin if you like cryptography , distrubed peer -to-peer systems or economics . A large percentage of Bitcoin ent...' (v.redd.it) by /u/Profinancefx removed from /r/Bitcoin within 28-38min

Bitcoin is a distributed , worldwide, decentralised digital money . You might be interested in bitcoin if you like cryptography , distrubed peer -to-peer systems or economics . A large percentage of Bitcoin enthusiasts are libertarians , though people of political philosophies are welcome .
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if you don't think someone is paying real money to take big steaming shits on BCH (that is Bitcoin, the Peer-to-peer Electronic CASH SYSTEM) just look at the shameless FUD shitposting and stacks of troll gold on this thread

submitted by jessquit to btc [link] [comments]

RSK provides the crucial platform for Money on Chain, the first decentralized protocol powered by Bitcoin. Together, we enable DeFi and provide additional value to the Bitcoin community. All info in this article by TodayCrypto about how the system works

submitted by sasquish to rootstock [link] [comments]

Introduction To Passive Bitcoin Money System What is Bitcoin? Bitcoin Explained Simply for Dummies Money as a System-of-Control Bitcoin miner system 2020 - Real Working How Does BitCoin Work?

Bitcoin Mid is a public financial technology for use in mainstream digital wallets that enables real-time, peer to peer value exchange and payment services agnostically across jurisdictions and organizational silos, and across both fiat money and decentralized currencies. Click Money System scores terribly when compared to Bitcoin Loophole, a reliable trading robot. For instance, Bitcoin Loophole is a reliable robot with a claimed accuracy level of 99.4%. Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. Bitcoin is not a (good) means of exchange. (At best its way worse than ‘fiat’ money.) Reality: Bitcoin is an excellent means of exchange. You can’t reverse a bitcoin payment like a payment Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH.

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Introduction To Passive Bitcoin Money System

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