/BlockChain is has gone private due to an extreme influx of ICO scams, snake-oil shills and plagiarized crypto-news blog spam. There is no application process and new members are not being added. Contacting the mod team will not result in an invitation.
06-24 16:45 - 'It is. Because Whales invest in it like the stock market. Once it went from a currency to a store of value (like stocks), the trading behavior becomes the same.' by /u/subduderecords removed from /r/Bitcoin within 42-52min
NEWS: Bitcoin to be rebranded as "A Currency" after "Store of Value" marketing campaign fails.
Prices slashed as Bitcoin is rebranded from digital gold to the currency of the future. "It just wasn't selling very well, " spokesman Satoshi Motoboto said speaking at an MIT conference. "Institutional investors were not buying so we're going back to our roots, to the institutionalised investor market." Commentators are even touting the possibility of Bitcoin returning to its origins as a collectors item among lonely angry men. One attendee of the conference mused about the way things used to be. "I remember the old days before everything blew up and I became a theoretical multi-billionaire. You never thought about swapping 20,000 bitcoins for a bag of pogs back then. I would not be sad to see those days again, times were simpler."
The world's future medium of exchange, Bitcoin Cash, functioning as intended during a global pandemic and market collapse. Added bonus; it does not transfer germs or lose value to inflation like filthy fiat currency!
you can give a lot of tags to Bitcoin, a volatile mess, fringe currency, not a store of value, among others. A Ponzi scheme is certainly not one of these negative labels that a critic can throw at Bitcoin.
03-19 13:25 - 'Companies and industries produce goods for the want of dollars or other currencies it gives them value, and the dollar is backed by authority. / Bitcoin is a tool of speculation nothing more!' by /u/CreepyCranfield9 removed from /r/Bitcoin within 432-442min
The Chairman of US central bank when asked about Bitcoin: "They use it as a store of value...like Gold....that's not to say we won't see it & if we do see it yes you could see a return to an era in the US when we had many different currencies..."
People who say BTC is a store of value have no idea how Bitcoin first took off - because of Silk Road. Nobody in his right mind would have gambled on a coin which almost literally came out of thin air and wasn't used for anything, but actually having a use case made it a real currency.
One study estimated most of the of coins mined at the time (circa 2013) went through SR , so most of its use case was a currency - the complete opposite of what Core pushes it to be now.
How Bitcoin & Bitcoin Cash's currency issuance schedules compare with the US dollar and fiat-based currencies. Are BTC & BCH inflationary or deflationary? Which is a better store of value in the long run?
From that point, P will give us the inverse ratio of Bitcoin to whatever currency we use for our T variable. In other words: Bitcoin Value = 1/P = T/(M*V) The total number of bitcoins in existence (M) is a little under 19 million, and it will max out at under 21 million over the next several years based on its algorithm. That’s the easy part. The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto Bitcoin is a purely decentralized digital currency, which makes it unlike any other asset that came before it. Before the digital age, everyone transacted in physical forms of currencies, from livestock and salt, to silver and gold, and finally to banknotes. Bitcoin is a cryptocurrency developed in 2009 by Satoshi Nakamoto, the name given to the unknown creator (or creators) of this virtual currency.Transactions are recorded in a blockchain, which
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