Bitcoin Loans Get a BTC Backed Credit on CoinLoan

09-20 12:04 - 'How can they mint an unlimited amount of USDT Tether? And Pump other Cryptocurrency like bitcoin etc. This is madness lol. Is it really backed by USD or its all smoke and mirrors?' (reddit.com) by /u/aliazh456 removed from /r/Bitcoin within 128-138min

How can they mint an unlimited amount of USDT Tether? And Pump other Cryptocurrency like bitcoin etc. This is madness lol. Is it really backed by USD or its all smoke and mirrors?
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Author: aliazh456
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I became fascinated by bitcoin back in 2014 and the same fascination never went away. Because of that, I wrote a short book on how cryptocurrencies work and how an ordinary person can invest in the same space. The result, called The Crypto Mindset, is today free on Amazon.

submitted by IvicaMil to FreeEBOOKS [link] [comments]

My old smart phone is completely dead. How do I get my bitcoin out of it? (Yes I know I should have backed up my wallet, I'm feeling the hell of not listening now)

submitted by ff14store to u/ff14store [link] [comments]

My old smart phone is completely dead. How do I get my bitcoin out of it? (Yes I know I should have backed up my wallet, I'm feeling the hell of not listening now) (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

“What an amazing testament to how brilliant Dr. Wright is that people said that things couldn’t scale, they hadn’t figured the technology out, and all you had to do is go back to the original one that he invented ten years ago, and all of a sudden it works.” @CalvinAyre #Bitcoin

“What an amazing testament to how brilliant Dr. Wright is that people said that things couldn’t scale, they hadn’t figured the technology out, and all you had to do is go back to the original one that he invented ten years ago, and all of a sudden it works.” @CalvinAyre #Bitcoin submitted by thacypha to bitcoinsv [link] [comments]

How This Billionaire-Backed Crypto Startup Gets Paid To Not Mine Bitcoin (current BTC/USD price is $8,935.27)

Latest Bitcoin News:
How This Billionaire-Backed Crypto Startup Gets Paid To Not Mine Bitcoin
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]

The only thing holding Bitcoin back in the USA is how it gets taxed by the IRS. It hampers the velocity of Bitcoin transactions throughout the economy. If we ever want Bitcoin to hit escape velocity, these taxes must be reformed.

Bitcoin hasn’t hit that “of course we accept Bitcoin” level in the economy and it never will if it continues to be taxed in this way.
Capital gains taxes and the IRS demanding tax payment in USD are the achilles heel of Bitcoin.
But Bitcoin is a completely new thing. It should not be taxed like simple property or a collectible.
If you want to see an explosion of sustainable economic growth in the economy, then the taxation of Bitcoin must be reformed.
They can even charge the capital gains if I trade my Bitcoin for USD for all they want. But if I’m trying to buy my groceries or a house with bitcoin, then the capital gains tax need not apply.... or can be greatly reduced.
submitted by the420chronicler to Bitcoin [link] [comments]

I became fascinated by bitcoin back in 2014 and the same fascination never went away. Because of that, I wrote a short book on how cryptocurrencies work and how an ordinary person can invest in the same space. The result, called The Crypto Mindset, is today free on Amazon.

submitted by Samurai_94 to u/Samurai_94 [link] [comments]

Nouriel Roubini is almost starting to understand the concept of commodity backed sound money!!! I wonder how he'll rationalize it, when Bitcoiners explain that Bitcoin is just a way better form of commodity backed sound money.... If he says that TP is more useful than Bitcoin, then I will lmao.

Nouriel Roubini is almost starting to understand the concept of commodity backed sound money!!! I wonder how he'll rationalize it, when Bitcoiners explain that Bitcoin is just a way better form of commodity backed sound money.... If he says that TP is more useful than Bitcoin, then I will lmao. submitted by the420chronicler to Bitcoin [link] [comments]

Accidentally impulsed adding money to Robinhood investment thinking I could buy stuff with bitcoin. Now I’m no clue how to get my money back, not seeing any straight forward answers on withdrawals online, sorry If this is spam

Accidentally impulsed adding money to Robinhood investment thinking I could buy stuff with bitcoin. Now I’m no clue how to get my money back, not seeing any straight forward answers on withdrawals online, sorry If this is spam submitted by hunnit_donn to Bitcoin [link] [comments]

Take a step back and realise how big a deal bitcoin actually is...

5000 years ago the world converged on using gold as our chosen form of money, then we used gold backed currency, then we were duped into fiat for a while. But now after 5000 years of using gold as our chosen monetary medium we are moving to a new form of money.
What we are living through now has not happened in 5000 years, It's a watershed moment in history.
It's not a once in a generation opportunity or a once in a lifetime opportunity, it is literally a once in a civilization opportunity.
submitted by slvbtc to Bitcoin [link] [comments]

The only thing holding Bitcoin back in the USA is how it gets taxed by the IRS. It hampers the velocity of Bitcoin transactions throughout the economy. If we ever want Bitcoin to hit escape velocity, these taxes must be reformed. (x-post from /r/Bitcoin)

submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

This article explains how neoliberalism was viewed as a good solution against extreme socialism during the cold war. It also explains how neoliberalism has failed. The solution given is "go back to how it was before" but Bitcoin fixes this and the author probably didn't even realise that.

This article explains how neoliberalism was viewed as a good solution against extreme socialism during the cold war. It also explains how neoliberalism has failed. The solution given is submitted by dario_nakamoto to Bitcoin [link] [comments]

@binance: #Bitcoin is back in the headlines 📰 But how much do you know? Learn more about #BTC this weekend by putting these four shows on your watchlist 👇 https://t.co/HADv3Ubxbv

@binance: #Bitcoin is back in the headlines 📰 But how much do you know? Learn more about #BTC this weekend by putting these four shows on your watchlist 👇 https://t.co/HADv3Ubxbv submitted by rulesforrebels to BinanceTrading [link] [comments]

The Lightning Network is putting Bitcoin back into gaming! André Neves and Christian Moss of ZEBEEDEE will show you how. Tonight at 8 pm GMT+2 in a tab near you.

The Lightning Network is putting Bitcoin back into gaming! André Neves and Christian Moss of ZEBEEDEE will show you how. Tonight at 8 pm GMT+2 in a tab near you. submitted by manfromnantucket1984 to Bitcoin [link] [comments]

How is cryptocourrency backed?

I know countries back their currencies with oil or gold, etc, but how is Bitcoin backed?
submitted by handsmahoney to NoStupidQuestions [link] [comments]

Question about bitcoin on Robinhood: What is it backed by/how and how much does Robinhood “own” so that they can let their users buy it?

submitted by Dartagnonymous to Bitcoin [link] [comments]

My father (who knows nothing about bitcoin nor do I) got this from a friend. He said it’s real but doesn’t know how to work it. There is some sort of encryption on the back. As far as I know this physical bitcoin would defeat the whole purpose of bitcoin. Is this real?

My father (who knows nothing about bitcoin nor do I) got this from a friend. He said it’s real but doesn’t know how to work it. There is some sort of encryption on the back. As far as I know this physical bitcoin would defeat the whole purpose of bitcoin. Is this real? submitted by c-longg to Bitcoin [link] [comments]

Funny how the loss of backing of tether, supposedly backed by "real cash" is putting upward pressure on Bitcoin as people rush to dump it for real money.

submitted by Trondapphub to CryptoCurrencies [link] [comments]

How is the Indian Govt. backed currency (INR) any more valuable than an International Decentralized currency (Bitcoin)?

Small rant incoming.
So I was going though this interesting thread on this sub created a few days ago about BTC market conditions. First of all, let's understand that fiat money of today's world (INR, USD, AUD, etc.) isn't backed by any real thing like gold or other precious metals (Bretton Woods system collapsed in 1970s ending that kind of thing).
All we have is a promise or IOU kind of thing where the RBI "promises" to pay a value of Rs.10 against a ten rupee note. Proponents of govt. backed currencies think that this govt. backing makes the fiat currencies somehow have any "intrinsic" value and that Bitcoins are totally valueless or worth zero. This seems to be the impression of many people on this sub too, so I want to clear your misunderstanding.
If you consider for a moment, INR only has a govt. backing in theory, nobody sitting at a counter in Reserve Bank ever really pays you Rs. 10 worth of anything if you hand them the Rs. 10 Note as "promised". Its actually us people who do that, so the value of a currency is basically in the perception. For example, a ten rupee note will be a worthless piece of shit tomorrow, if every Indian stops accepting it for some reason (it will never actually happen, this is just hypothesis).
Bitcoin's perception value is also increasing in many countries across the world, though it isn't widely accepted in India yet. Thus, bitcoins are worth a lot and many investors believe that this perception value will only keep increasing in the future, that's why it has jumped so much in price in last few years.
Besides, let's also understand that the fiat currency's govt. backed "promise" doesn't actually mean anything. For instance, we saw demonetization happen last year when Rs.500 and Rs.1000 notes were banned overnight. So, what happened to the so called "promise" then? With a crypto currency like Bitcoin, people can stay assured that no central agency can destroy their wealth overnight by imposing a currency ban, so its even more valuable than a fiat currency from a security and functionality point of view.
submitted by asoka_maurya to india [link] [comments]

For anyone who still hasn't seen this, here is Peter Rizun and Andrew Stone presenting their research on how to do 1 gigabyte blocks, all the way back in 2017 at the Scaling Bitcoin Conference. The BTC camp has known we can scale bitcoin on-chain for years, they just don't want to hear it.

For anyone who still hasn't seen this, here is Peter Rizun and Andrew Stone presenting their research on how to do 1 gigabyte blocks, all the way back in 2017 at the Scaling Bitcoin Conference. The BTC camp has known we can scale bitcoin on-chain for years, they just don't want to hear it. submitted by Anenome5 to btc [link] [comments]

What is Bitcoin backed ERC20 (WBTC)? How could it change the Bitcoin – Ethereum interaction?

What is Bitcoin backed ERC20 (WBTC)? How could it change the Bitcoin – Ethereum interaction? submitted by cryptoallbot1 to cryptoall [link] [comments]

Bitcoin: How Cryptocurrencies Work - YouTube What is Bitcoin Backed By? - YouTube What is Bitcoin Backed By? (Bonus Video) Is Bitcoin backed by anything? Bitcoins Backed By Computing Power?

Like most modern currencies bitcoin is not backed by gold or other precious commodities. In a sense, bitcoin’s value is derived from our common belief that bitcoin has value. The same is true of the American dollar, the British pound, and the European Union’s euro, as well as nearly every other modern currency. Historically speaking, up until August 15 th 1971 most currencies were backed ... Each loan is Bitcoin-backed, meaning we don’t need to run a credit check. You can pay off your loan whenever you want, or you can continue to pay monthly. CoinLoan automatically calculates repayment amounts for you. For example, to get 100,000 EUR with a Loan-to-Value (LTV) ratio of 65%, you'll need to deposit ~16 BTC. Start Borrowing It’s the fact that Bitcoin IS actually backed by something other than just confidence. Bitcoin runs on a highly secure network, one that grows in security every day, which, in turn, is based on ... Is Bitcoin backed by mathematics? Like the US dollar, Bitcoin is not backed by a physical commodity, and instead derives its value in other ways. Since Bitcoin doesn't have a centralized entity that enforces its value and it isn't backed by any commodity, many people mistakenly believe that this means Bitcoin doesn't have any value. However, Bitcoin currently has an individual unit value of ... What is Bitcoin Backed by – the Bottom Line. In conclusion, like any contemporary fiat currency Bitcoin is not backed up with tangible assets. However, it is backed by the more powerful and independent market. It is still in the making, but soon it will become a more reliable guarantee than any state.

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Bitcoin: How Cryptocurrencies Work - YouTube

BTC Myths #1. Feel free to leave suggestions for future episodes in the comments. The Bitcoin protocol is backed by math and energy which is processed through super computers called miners, they verify all transactions on the network are a... Bitcoin is backed by a computer network, encryption, people who have or support bitcoins, time, energy, notoriety, the demand for a sound digital currency, the free market, etc.. Is there anything... Whether or not it's worth investing in, the math behind Bitcoin is an elegant solution to some complex problems. Hosted by: Michael Aranda Special Thanks: Da... Join us every Wednesday by tuning in to 1100 AM KFNX radio station in Phoenix, Arizona for our weekly cryptocurrency talk show. We cover various topics such as Bitcoin, wallets, hardware, etc.

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