Matthew
How much bitcoin do you have? I keep meeting people who are eager to tell me when they became “into crypto,” or even “into Bitcoin.” This seems ridiculous and dumb to me. Chat with Matthew already 21 messages Matthew 10:12AM, Today Hey, I’m Matthew, nice … Read further
Buying Bitcoin with a bank account is a popular and convenient option for many people. It is a secure way to purchase Bitcoin, and there are many different exchanges, including those supporting SEPA transfers, that facilitate this process. Some exchanges even allow users to buy … Read further
Bitcoin is a revolutionary new approach towards money. It implies that everyone has the potential to become their own bank, with the ability to transact freely without the need for intermediaries. This has the potential to empower individuals and communities, particularly those who have been … Read further
Bitcoin mining rigs are specialized computers that are used to solve complex mathematical problems to create a new block in the blockchain, and in turn, generate a reward in the form of a bitcoin. Bitcoin transactions are secured and validated by a network of computers … Read further
Bitcoin has the potential to revolutionize money transfer in Africa by providing a fast, cheap, and secure way to send and receive funds. Especially when sending value over the Lightning network. Money transfer between African countries can be a challenging and expensive process due to … Read further
As of 2023, there exist 584 centralized exchanges, playing a crucial role in the fiat/Bitcoin economy as on- and off-ramps for buying and selling Bitcoin. However, it is important to keep in mind that these exchanges should not be considered friends. They simply provide a … Read further
Hyperbitcoinization (h17n) is the process by which Bitcoin becomes the default or main means of exchange for transactions. It is driven by an increase in the acceptance and use of Bitcoin as a medium of exchange, and by a decrease in the use of other … Read further
Bitcoin Culture, Bitcoin Security
Last night, a guy told me he had 4.5 btc without me even asking. He said he was into crypto since 2018. I said I got into Bitcoin last week, I went all in, but I obviously don’t have enough. He started laughing and said, … Read further
Bitcoin wallets are designed to hold and manage the private keys associated with your bitcoin holdings. These private keys are critical for accessing and spending your funds, so what would stop a wallet from stealing your bitcoin without your knowledge? Can bitcoin be stolen from … Read further
Bitcoin exchanges use Proof of Reserves (PoR) to demonstrate that they have enough funds to cover all customer deposits. The goal of Proof of Reserves is to increase transparency and trust in the exchange. With the collapse of Scam Bankster Fraud‘s FTX in November 2022, … Read further
The list of failed cRyPtO exchanges and other platforms, such as Initial Coin Offerings (ICOs), that disappeared with user funds is long and continues to rise. This serves as a stark warning. While legitimate exchanges exist, especially Bitcoin-only, non-custodial exchanges, the industry remains vulnerable to … Read further
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