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5 votes
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Bitcoin tops $72,000 for the first time
25 votes -
Bitcoin tops $57,000 price level for first time since late 2021
32 votes -
ETF approval for bitcoin – the naked emperor’s new clothes [European Central Bank criticises US securities regulator for approving a Bitcoin ETF]
20 votes -
Exodus bitcoin wallet: $490K swindle
6 votes -
As Bitcoin rallies, banks are pushing US regulators to change crypto guidance
8 votes -
Cheap electricity is luring Chinese Bitcoin miners to Ethiopia
7 votes -
Over two percent of the US’s electricity generation now goes to bitcoin
42 votes -
The US Securities and Exchange Commission authorized financial firms to offer ETFs tied to Bitcoin
26 votes -
The secret life of Jimmy Zhong, who stole – and lost – more than $3 billion
13 votes -
Your NFTs are actually — finally — totally worthless
46 votes -
Texas paid bitcoin miner more than $31 million to cut energy usage during heat wave
41 votes -
The kingdom of Bhutan has been quietly mining Bitcoin for years
7 votes -
BlackRock CEO, Larry Fink just called Bitcoin 'digital gold' and an 'international asset'
21 votes -
BlackRock’s aim to make crypto cheaper should scare Coinbase
4 votes -
The Bitcoin whitepaper is hidden in every modern copy of macOS
14 votes -
Celsius crypto bank freezes withdrawals; bitcoin, etherium plunge
12 votes -
How cryptocurrencies actually work
7 votes -
Six months in, El Salvador’s bitcoin gamble is crumbling
11 votes -
These 23-year-old Texans made $4 million last year mining bitcoin off flare gas from oil drilling
12 votes -
Can bitcoin be sustainable? Kryptovault's operation is part of a fightback against criticism of the famously energy-intensive industry
7 votes -
Bitcoin pyramid schemes wreak havoc on Brazil’s ‘New Egypt’
8 votes -
Kosovo pulls the plug on its energy-guzzling bitcoin miners
8 votes -
Bitcoins - can't it only go down from here?
Here is my understanding of Bitcoins, would love to hear from people more knowledgeable than me on what I am getting wrong Only a certain number of bitcoins can be mined if the price of bitcoin...
Here is my understanding of Bitcoins, would love to hear from people more knowledgeable than me on what I am getting wrong
- Only a certain number of bitcoins can be mined
- if the price of bitcoin goes up, it makes mining seem more profitable which encourages more mining
- If there is more mining, the difficultly of mining eventually increases, & so miners consume more electricity until mining becomes less profitable again
- Bitcoin is already consuming so much energy that countries are starting to actively discourage mining
This implies that any substantial increase in bitcoin price will result in substantial regulation of the bitcoin industry as it impacts the supply and price of electricity to other industries
- Bitcoin is highly volatile, and over time has increased in price substantially
- A significant portion of bitcoin investors are speculating on an asset rise
- If the asset stops rising, some speculators may start to sell
- Increased selling activity will lower the price
- A lower price will force more speculators to sell
This implies that if bitcoin does not keep rising, it will start to fall
- Other crypto currencies are highly correlated with Bitcoin price movement.
Therefore if bitcoin falls, other crypto currencies fall.
- Bitcoin is the current default for accepting cryptocurrency as payment
- Bitcoin has a limited number of transactions it can process (3-7 a second)
- If too many people want to process transactions, the fee will rise
Therefore one or more other cryptocurrencies that uses proof of stake, must become the default for accepting cryptocurrency as payment.
9 votes -
Ten years of... whatever this has been
17 votes -
Hundreds of banned crypto miners were siphoning power at China’s state firms
3 votes -
A bitcoin mining power plant secretly set up shop in Alberta. Now it's being forced to shut down
5 votes -
El Salvador has started mining Bitcoin using the renewable energy from volcanoes
@Nayib Bukele 🇸🇻: First steps...🌋#Bitcoin🇸🇻 pic.twitter.com/duhHvmEnym
8 votes -
Twitter rolls out tipping with bitcoin, explores verifying NFT profile pics
7 votes -
Bitcoin's growing e-waste problem
11 votes -
El Salvador’s new bitcoin wallets could cost Western Union $400 million a year
15 votes -
China is kicking out more than half the world’s bitcoin miners – and a whole lot of them could be headed to Texas
19 votes -
Can astrology make sense of cryptocurrency? Maren Altman and a million TikTok followers think so.
7 votes -
El Salvador makes Bitcoin legal tender
11 votes -
US Department of Justice recovers $2.3 million worth of Bitcoin that Colonial Pipeline paid to ransomware extortionists
17 votes -
A death in cryptoland - The investigation into the collapse of Canadian cryptocurrency exchange QuadrigaCX after the sudden death of its CEO Gerald Cotten
8 votes -
Environmental impact of Bitcoin much worse than gold
7 votes -
DarkSide ransomware gang quits after servers, Bitcoin stash seized
17 votes -
Elon Musk announces that Tesla will no longer accept Bitcoin for vehicle purchases citing the energy demand required to maintain the cryptocurrency
@Elon Musk: Tesla & Bitcoin pic.twitter.com/YSswJmVZhP
27 votes -
Bitcoin is coming to hundreds of US banks this year
8 votes -
PoW is efficient
7 votes -
Alleged $366M Bitcoin mixer busted after analysis of ten years of blockchain data
10 votes -
Nassim Taleb: Bitcoin failed as a currency and became a speculative ponzi scheme
@Nassim Nicholas Taleb: WHAT WE WANT CRYPTO & CURRENCY FOR:1) Currency w/o a government2) Stable/reliable for contracts3) Inflation indexed store of value -- basket of items representative for me.4) Rapid transactionsCan we do it? #BTC failed to be currency, open-Ponzi speculative game. 1/n
10 votes -
A Finger Lakes power plant plans to ramp up energy-intensive Bitcoin mining
7 votes -
$7.5B in stolen Bitcoin from 2016 Bitfinex hack has just been moved
@Mr. Whale: WTF! $7.5 Billion In Stolen #Bitcoin from the 2016 Bitfinex Hack has just been moved for the first time in 5 years. pic.twitter.com/WJJ3smY8dc
12 votes -
From Circle-of-Gold to Mega$Nets to Bitcoin
4 votes -
Urbit: A Personal Identity Server
6 votes -
The technological singularity may have already happened, and perhaps bitcoin is the result
16 votes -
Tesla buys $1.5 billion in bitcoin, plans to accept it as payment
22 votes -
The GameStop game never stops
31 votes