c/crypto-news

https://bitcoinmagazine.com/news/h100-shareholders-approve-bitcoin-deal submitted by /u/CriticalCobraz [link] [Kommentare]

It may be true that Bitcoin is LIKE digital gold, but it is different in some really important ways. Gold is chemically stable and once mined requires no input to preserve its integrity. Bitcoin is only as secure as the computational input to the network and that has to be paid for one way or the other. As I write this, the network difficulty has fallen year over year for the first time in its history. Gold doesn’t have to worry about that or quantum risk, nor is it subject to blocksize and Bip 110 arguments. So what’s the point of crypto. Satoshi declared Bitcoin as a peer to peer electronic cash system. The digital gold narrative grew from the assumption that blockchains cannot scale and remain decentralized. This again is a great lie told about crypto. EVM chains may have very limited L1 scalability but UTXO chains can scale massively to 10’s if not 100’s of thousands of transactions per second due to their scope for parallel processing. If you don’t believe just google Libbitcoin. Michael Saylor has thrown a 10bln dollar wet blanked over the BTC market by leveraging the promise that a non-yielding asset can provide a yield from just Hodling. But even Strategy’s liability is no long term risk to bitcoin. MSTR stock can be diluted almost indefinitely to pay off debt, and Bitcoin will be no more or less useful than it was before. The real risk to Bitcoin is another more useful and decentralised cryptocurrency coming along. Whether that happens or whether Bitcoin evolves enough for miners to be paid to secure the network in the long term I have no idea. But I am pretty sure one or the other will happen in time. submitted by /u/Leithm [link] [Kommentare]

https://www.kucoin.com/news/flash/bitmine-acquires-52-203-eth-total-holdings-reach-10-7-billion submitted by /u/CriticalCobraz [link] [Kommentare]

they have pulled their licence application from greece and are going to apply somewhere else in the EU instead, they just havent said where yet,their reasoning is basically that the greek regulator never gave them a clear yes or no after months of back and forth and rather than keep waiting right up against the deadline they decided to cut their losses and restart fresh somewhere with what they are calling more clarity. and for users they keeping it pretty vague honestly,they say funds are safe and accessible but also that some users might be affected depending on their country and account status and that they will reach out individually with next steps so no firm date,real detail on what impacted actually means for different people, just wait for an email basically Meanwhile other platforms arent dealing with any of this like coinbase ,bitpanda and kraken already have their eu licences sorted, so this whole thing doesn’t touch them and might even be beneficial for them Do you guys think it is possible for biggest crypto platform like Binance exiting EU market ? submitted by /u/Jealous-Drawer8972 [link] [Kommentare]

Looking at buying an existent Crypto Publication Needs to have atleast 500k + monthly views and a good enough amount of years sharing news to the world DM's open submitted by /u/amu4biz [link] [Kommentare]

what other crypto exchange is good but works in the UK without them asking questions every time I want to withdraw and deposit or completely locking my assets? I use binance a lot but it doesn't seem to work in the UK submitted by /u/RevolutionaryCost59 [link] [Kommentare]

Hi guys, from this insane dip i've sold some stock assets and bought ETH which I plan to hold for at least 3 years without touching, I know we can stake it and earn passice iterests which interests me currently. Problems is, I've digged to make a node and it seems like there's an unstake delay, isnt there a way to stake it without delay during unstaking? Thanks submitted by /u/DontXMe [link] [Kommentare]

This post contains content not supported on old Reddit. Click here to view the full post submitted by /u/discordditapp [link] [Kommentare]

Since it looks like Binance won't be MiCa compliant in Europe i'm looking to withdraw my crypto to another exchange. Can anyone help me out to find the cheapest way to do this? Would it be best to convert everything to USDC? submitted by /u/FitInitiative5532 [link] [Kommentare]

>From article. Traditional card networks often charge merchants various fees. These costs can add up quickly when businesses process large transaction volumes. By accepting Bitcoin, Steak ‘n Shake reports that it reduces those expenses significantly. The company views the lower cost structure as one of the strongest advantages of cryptocurrency transactions. Those savings can improve operational efficiency and potentially strengthen profit margins. submitted by /u/zesushv [link] [Kommentare]

A couple of months ago, a colleague proudly told me that he had purchased "2 whole bitcoins" for $80,000 each. I asked him to show them to me so I could see what he had spent $160,000 on. He opened his wallet application and pointed to the screen, which displayed 2 BTC. When he claimed that those were his bitcoins, I disagreed, explaining that he was merely showing me a record, i.e. one symbol, not two of something. To prove my point, I wrote "2 BTC" on a piece of paper, held it up, and joked that I had just created two bitcoins for free. He laughed and objected, arguing that my paper note wasn't Bitcoin. He explained that Bitcoin only exists when a network of computers running the Bitcoin protocol records that someone has 2 BTC. ​I accepted his premise and suggested we break down the entire Bitcoin system to see what we could find. ​So, you have the network of computers, the software, the protocol, the cryptographic keys, and the blockchain records, including his own "2 BTC." Yet, despite accounting for all of it, nothing that could actually be defined as "two bitcoins" was there. I pointed out to him that his purchase was no different from what I had written on the paper for free. At that point, my colleague shifted the argument to fiat currency. He countered that if I had $1,000 in a banking app, he could similarly write "$1,000" on a piece of paper and have exactly the same thing for free. I rejected his comparison and proposed that we examine the banking system the same way we did with Bitcoin. I explained that while we would find computers, software, protocols, and database records showing my 1,000 USD, we would also find the underlying loan contracts that created those records. We would find real borrowers who are legally required to repay those loans. Therefore, what I have is a thousand units of a claim on the future production of bank debtors. I further explained that those debtors must provide actual goods, services, labor, or assets to earn the dollars needed to settle their debts. If they fail to do so, their property is seized and sold at bank auctions to honor the claim. I noted that when he wrote "$1,000" on a piece of paper, he had only created symbols, not a claim on debtors and their property. Conversely, with his "two bitcoins", I had created the exact same thing he has: symbols. He attempted one last pushback, arguing his bitcoins were valid because they required immense energy consumption and strict mathematical rules, whereas my paper note was completely arbitrary. In response, I told him to hold my pen, dropped to the floor, and hammered out 50 strenuous push-ups. Standing back up, I picked up the pen and wrote a strict rule on the paper stating I would never write a number larger than 2 BTC. I explained that those push-ups were my proof of work and that note was my rule. I pointed out that because my energy expenditure was local and my self-imposed protocol was strictly capped right there, my bitcoins were actually scarcer and more exclusive than his. I concluded that modern snake-oil salesmens had convinced him to give up actual claims equivalent in value to four new cars for something that anyone can create instantly with a few strokes of a pen or taps on a keyboard. My colleague then stated that he didn't want to have this conversation anymore. submitted by /u/BinaryLyric [link] [Kommentare]