[uncensored-r/Bitcoin] $1000 dollar checkpoints be like
The following post by ayyadosama is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7i2dyd The original post's content was as follows:
Why do so many people think Bitcoin will hit a million anytime soon? It would have to go up a whopping 1000 dollars a day to do it in 3 years at the earliest right?
Why do so many people think Bitcoin will hit a million anytime soon? It would have to go up a whopping 1000 dollars a day to do it in 3 years at the earliest right? or a 1000 a week would be 7 times that long or a thousand a month would be 30 times that long is this math right?
05-14 13:34 - 'Love it when Bitcoin moves up $ 1000 dollars a day. Unbelievable upside potential for all us HODLER’s right now!!!' (self.Bitcoin) by /u/Coolster-crypto removed from /r/Bitcoin within 53-63min
I just bought 50 Bitcoin (BCH) ATM machines for a bit under half a million dollars. Thanks to our purchase the manufacturer has agreed to roll out BCH support to their existing 1000+ machines world wide! -- Roger Ver
CNBC had an article today that said a 1000 dollar investment in Apple on May 1 2009 would be 13000 dollars today, anybody know what that would be if it was Bitcoin instead ?
CNBC had an article today that said a 1000 dollar investment in Apple on May 1 2009 would be 13000 dollars today, anybody know what that would be if it was Bitcoin instead ? Were you even able to buy Bitcoin in 2009 or not until 2010 or something was there an exchange set up for it? Guessing it would be a very high number
Hi there fam! I'm Will, dude with the fiber optic rainbow suit, the plasma ball totem, and the guy who hid a few thousand dollars of Bitcoin in the forest. Who found the $500 or $1000 canisters? Details on hiding places in the comments.
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago.
Fiat pegged value is illusory: A gallon of milk now cost roughly twice what it did 10 years go in US dollars. A gallon of milk costs about 1/1000 what it did in bitcoins 5 years ago. Yet people say fiat like the us dollar is somehow more secure. They talk aboit bitcoin not being "pegged" to anything.. No paper currency is pegged to anything and since all governments are printing paper currency endlessly it is guaranteed to slip in value more than something like bitcoin which is firmly limited in number to apprx 21 million. Fiat Currency is demonstrably LESS "pegged" as the numbers above show. So many concepts that people throw around as criticisms of bitcoin they universally accept with their fiat without even a thought.
I've 1000 internet coins , idk they're some Bitcoins. Some guy fucked with me and gave this in place of a Dollar. Are they worth anything or should i resell it in 50 cents as one guy offered to purchase?
AXA/Blockstream are suppressing Bitcoin price at 1000 bits = 1 USD. If 1 bit = 1 USD, then Bitcoin's market cap would be 15 trillion USD - close to the 82 trillion USD of "money" in the world. With Bitcoin Unlimited, we can get to 1 bit = 1 USD on-chain with 32MB blocksize ("Million-Dollar Bitcoin")
Blockstream (fiat-financed by companies like AXA - which happens to be the 2nd-most connected financial firm in the world) is suppressing Bitcoin price - currently at 1000 "bits" = 1 USD (where 1 "bit" is one-millionth of a bitcoin) - ie 1 BTC = 1000 USD.
They're doing this by suppressing Bitcoin volume - by suppressing Bitcoin blocksize - in order to prevent debt- & war- & oil-backed fiat currencies (USD, etc.) from collapsing relative to Bitcoin.
AXA/Blockstream's suppression of the Bitcoin price is easy to see in Bitcoin price/volume graphs: Bitcoin price and volume were tightly correlated (almost in lockstep) until late 2014 - which is when Blockstream came on the scene. From then on, the price has been suppressed - due to AXA/Blockstream spreading their lies and propaganda that "Bitcoin can't scale on-chain".
The way to stop AXA/Blockstream's Bitcoin price suppression and let the Bitcoin price continue to rise again... is to let Bitcoin volume continue to rise again - by letting Bitcoin blocksize continue to rise again - by using the market-based blocksize supported by Bitcoin Unlimited.
We actually can reach 1 bit = 1 USD or 1 BTC = 1'000'000 USD ("Million-Dollar Bitcoin") on-chain. All it would require is (a) the price doubling 10 times (210 = 1024), and (b) the blocksize increasing by the square root of this (in accordance with Metcalfe's Law) - ie the blocksize would have to double only five times (25 = 32).
~ YouDoTheMath u/ydtm Details: (1) Who is AXA? Why and how would they want to suppress the Bitcoin price?
Blockstream is now controlled by the Bilderberg Group - seriously! AXA Strategic Ventures, co-lead investor for Blockstream's $55 million financing round, is the investment arm of French insurance giant AXA Group - whose CEO Henri de Castries has been chairman of the Bilderberg Group since 2012.
If Bitcoin becomes a major currency, then tens of trillions of dollars on the "legacy ledger of fantasy fiat" will evaporate, destroying AXA, whose CEO is head of the Bilderbergers. This is the real reason why AXA bought Blockstream: to artificially suppress Bitcoin volume and price with 1MB blocks.
The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, that AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.
Greg Maxwell used to have intelligent, nuanced opinions about "max blocksize", until he started getting paid by AXA, whose CEO is head of the Bilderberg Group - the legacy financial elite which Bitcoin aims to disintermediate. Greg always refuses to address this massive conflict of interest. Why?
Who owns the world? (1) Barclays, (2) AXA, (3) State Street Bank. (Infographic in German - but you can understand it without knowing much German: "Wem gehört die Welt?" = "Who owns the world?") AXA is the #2 company with the most economic poweconnections in the world. And AXA owns Blockstream.
This trader's price & volume graph / model predicted that we should be over $10,000 USD/BTC by now. The model broke in late 2014 - when AXA-funded Blockstream was founded, and started spreading propaganda and crippleware, centrally imposing artificially tiny blocksize to suppress the volume & price.
This graph shows Bitcoin price and volume (ie, blocksize of transactions on the blockchain) rising hand-in-hand in 2011-2014. In 2015, Core/Blockstream tried to artificially freeze the blocksize - and artificially froze the price. Bitcoin Classic will allow volume - and price - to freely rise again.
Also see a similar graph in u/Peter__R's recent article on Medium - where the graph clearly shows the same Bitcoin price suppression - ie price uncoupling from adoption and dipping below the previous tightly correlated trend - starting right at that fateful moment when Blockstream came on the scene and told Bitcoiners that we can't have nice things anymore like on-chain scaling and increasing adoption and price: late 2014.
Graph - Visualizing Metcalfe's Law: The relationship between Bitcoin's market cap and the square of the number of transactions
Bitcoin has its own E = mc2 law: Market capitalization is proportional to the square of the number of transactions. But, since the number of transactions is proportional to the (actual) blocksize, then Blockstream's artificial blocksize limit is creating an artificial market capitalization limit!
1 BTC = 64 000 USD would be > $1 trillion market cap - versus $7 trillion market cap for gold, and $82 trillion of "money" in the world. Could "pure" Bitcoin get there without SegWit, Lightning, or Bitcoin Unlimited? Metcalfe's Law suggests that 8MB blocks could support a price of 1 BTC = 64 000 USD
https://np.reddit.com/btc/comments/5lzez2/1_btc_64_000_usd_would_be_1_trillion_market_cap/ (3) "But no - they'd never do that!" Actually - yes, they would. And "they" already are. For years, governments and central bankers have been spending trillions in fiat on wars - and eg suppressing precious metals prices by flooding the market with "fake (paper) gold" and "fake (paper) silver" - to prevent the debt- & war-backed PetroDollar from collapsing.
The owners of Blockstream are spending $76 million to do a "controlled demolition" of Bitcoin by manipulating the Core devs & the Chinese miners. This is cheap compared to the $ trillions spent on the wars on Iraq & Libya - who also defied the Fed / PetroDollar / BIS private central banking cartel.
JPMorgan suppresses gold & silver prices to prop up the USDollar - via "naked short selling" of GLD & SLV ETFs. Now AXA (which owns $94 million of JPMorgan stock) may be trying to suppress Bitcoin price - via tiny blocks. But AXA will fail - because the market will always "maximize coinholder value"
Why did Blockstream CTO u/nullc Greg Maxwell risk being exposed as a fraud, by lying about basic math? He tried to convince people that Bitcoin does not obey Metcalfe's Law (claiming that Bitcoin price & volume are not correlated, when they obviously are). Why is this lie so precious to him?
If you had $75 million invested in Blockstream, and you saw that stubbornly freezing the blocksize at 1 MB for the next year was clogging up the network and could kill the currency before LN even had a chance to roll out, wouldn't you support an immediate increase to 2 MB to protect your investment?
[Tinfoil] What do these seven countries have in common? (Iraq, Syria, Lebanon, Libya, Somalia, Sudan, and Iran) In the context of banking, one that sticks out is that none of them is listed among the 56 member banks of the Bank for International Settlements (BIS).
"Notice how anyone who has even remotely supported on-chain scaling has been censored, hounded, DDoS'd, attacked, slandered & removed from any area of Core influence. Community, business, Hearn, Gavin, Jeff, XT, Classic, Coinbase, Unlimited, ViaBTC, Ver, Jihan, Bitcoin.com, btc" ~ u/randy-lawnmole
"I was initially in the small block camp. My worry was decentralization & node count going down as a result. But when Core refused to increase the limit to 4MB, which at the time no Core developer thought would have a negative effect, except Luke-Jr, I began to see ulterior motives." u/majorpaynei86
Satoshi Nakamoto, October 04, 2010, 07:48:40 PM "It can be phased in, like: if (blocknumber > 115000) maxblocksize = largerlimit / It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete."
The debate is not "SHOULD THE BLOCKSIZE BE 1MB VERSUS 1.7MB?". The debate is: "WHO SHOULD DECIDE THE BLOCKSIZE?" (1) Should an obsolete temporary anti-spam hack freeze blocks at 1MB? (2) Should a centralized dev team soft-fork the blocksize to 1.7MB? (3) OR SHOULD THE MARKET DECIDE THE BLOCKSIZE?
"Bitcoin Unlimited ... makes it more convenient for miners and nodes to adjust the blocksize cap settings through a GUI menu, so users don't have to mod the Core code themselves (like some do now). There would be no reliance on Core (or XT) to determine 'from on high' what the options are." - ZB
Bitcoin Unlimited is the real Bitcoin, in line with Satoshi's vision. Meanwhile, BlockstreamCoin+RBF+SegWitAsASoftFork+LightningCentralizedHub-OfflineIOUCoin is some kind of weird unrecognizable double-spendable non-consensus-driven fiat-financed offline centralized settlement-only non-P2P "altcoin"
The Nine Miners of China: "Core is a red herring. Miners have alternative code they can run today that will solve the problem. Choosing not to run it is their fault, and could leave them with warehouses full of expensive heating units and income paid in worthless coins." – tsontar
ViABTC: "Why I support BU: We should give the question of block size to the free market to decide. It will naturally adjust to ever-improving network & technological constraints. Bitcoin Unlimited guarantees that block size will follow what the Bitcoin network is capable of handling safely."
Fun facts about ViaBTC: Founded by expert in distributed, highly concurrent networking from "China's Google". Inspired by Viaweb (first online store, from LISP guru / YCombinator founder Paul Graham). Uses a customized Bitcoin client on high-speed network of clusters in US, Japan, Europe, Hong Kong.
Bitcoin's specification (eg: Excess Blocksize (EB) & Acceptance Depth (AD), configurable via Bitcoin Unlimited) can, should & always WILL be decided by ALL the miners & users - not by a single FIAT-FUNDED, CENSORSHIP-SUPPORTED dev team (Core/Blockstream) & miner (BitFury) pushing SegWit 1.7MB blocks
The number of blocks being mined by Bitcoin Unlimited is now getting very close to surpassing the number of blocks being mined by SegWit! More and more people are supporting BU's MARKET-BASED BLOCKSIZE - because BU avoids needless transaction delays and ultimately increases Bitcoin adoption & price!
I think the Berlin Wall Principle will end up applying to Blockstream as well: (1) The Berlin Wall took longer than everyone expected to come tumbling down. (2) When it did finally come tumbling down, it happened faster than anyone expected (ie, in a matter of days) - and everyone was shocked.
With regards to taxation, if I buy 1000 US dollars worth of bitcoin and hold it for the whole year. Do I have to pay taxes on it come tax season eventhough its been idle in my cryptowallet? Or do I only pay taxes if sold? Thanks!
Kurssturz beim Bitcoin: Nachdem sich die Digitalwährung zuletzt wieder erholt hatte, brach sie in der Nacht zu Donnerstag auf der Handelsplattform Bitstamp um etwa 9,5 Prozent auf bis zu 6253 US ... The page provides the exchange rate of 1000 US Dollar (USD) to Bitcoin (BTC), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1000 US Dollar (USD) to Bitcoin (BTC) from Thursday, 22/10/2020 till Thursday, 15/10/2020. Die virtuelle Währung Bitcoin kann nach mehr als drei Jahren wieder die Marke von 1000 Dollar überwinden. Schub geben zuletzt die US-Wahlen und die Nachfrage aus China. Manche Beobachter sagen ... While the value of one bitcoin hit highs of around $1,000 and lows below $600 during December 2013, when the cryptocurrency began to go mainstream, it hovered around $1,000 early in the month.A ... Damit liegt der Bitcoin rund 0,60 Prozent höher als am Vortag. Charttechnisch bleibt aktuell die Handelsspanne i.H.v. 1000 US-Dollar im Fokus der Anleger. Erst eine nachhaltige Überwindung ...
freebitcoin bitcoins gewinnen 1000 Dollar möglich, ohne ...
The Dollar Vigilante 148,252 views. 36:08. 80 Trillion Dollar Bitcoin Exit Plan - Duration: 22:12. Mineable 354,206 views. 22:12. This Indicator Says You will Be a MILLIONAIRE Soon! Bitcoin Stock ... 👇🏻Support the channel by using my affiliate links below👇🏻 Exchanges I'm using: Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 Bin... #Bitcoin #Crypto #Blockchain Bitpanda - Hier kaufe ich meine Bitcoin... https://bit.ly/2Fjv0K0 Ledger (Hardware-Wallet) - Zum sicheren aufbewahren deiner Bit... 💬Telegram pour suivre nos trades: https://t.me/traderprosignal Ouvrir un compte de trading crypto : http://bit.ly/37SGptd Open a crypto trading account : htt... Sorry, die Aufname ist leider ab und zu unscharf. freebitcoin bitcoins http://freebitco.in/?r=1873756 (meine Ref-Link) gewinnen: 1000 Dollar oder mehr möglic...