You know how people say: "I bought 3 bitcoins," "I invested in bitcoins," "I'm stacking satoshis," "I transferred bitcoins to my wallet," or "I mined bitcoins"? However, all of this is a misconception because no bitcoins or their fractions (satoshis) actually exist. The piggy bank is empty. The misconception stems from a post by an unknown programmer who claimed to have invented a payment system that transfers money. But all his invention does is maintain a decentralized database over a peer-to-peer network that shows which numbers belong to which addresses. People came to believe that this network and its underlying protocol, collectively known as Bitcoin, record an amount of money, namely these bitcoins (abbreviated as BTC), in the database. But that money is not there. For instance, people often claim they have bought digital money, even though nothing digital exists in proportion to the assigned numbers. A person whose address is assigned the number "50" cannot show fifty files, data structures, or software products. There are no digital "bitcoin objects" that can be mined, bought, owned, moved, or used. It is even more obvious that nothing physical exists. Despite media illustrations of metal coins stamped with the '₿' symbol and frequent claims that one is buying something comparable to collectibles or commodities, no fifty tangible units of any kind are stored or reserved for the person next to whose address stands "50." The most common misconception, however, is that people believe they have bought something akin to fiat currencies, e-money issued by companies like PayPal, tokens, or even stocks. Yet, all of the above are instruments of liability, where the holder derives a benefit upon the fulfillment of that liability. Stocks track a company's obligation to its shareholders. When companies decide to distribute profits, execute stock buybacks, or liquidate the business, they are legally required to make direct payments to shareholders. PayPal’s e-money and tokens, like casino chips, track the issuer's obligation to redeem them for a specified amount of fiat currency. Fiat currencies track the obligations of those who took out loans from commercial and central banks. Before repaying their loans, these debtors provide goods, services, and labor to holders of fiat currency, or, in the case of the state, the settlement of tax liabilities. If debtors default on their payments, banks seize their property, offering them at auctions to holders of fiat currency, providing them with a benefit in that way. That unknown programmer, through his invention, does not track anyone's liability whose realization would provide a benefit to the holders of Bitcoin addresses. Therefore, there are no bitcoins to be mined or bought. What people are actually doing is giving away electrical energy, money, goods, and services, and the Bitcoin network numerically tracks this act of gifting. Through a collective narrative and storytelling, this act is publicly misperceived as an investment or a purchase. Centralized exchanges reinforce this misconception most aggressively by displaying the "BTC" ticker and USD side-by-side on trading interfaces. This is a visual lie, where the interface assumes that "something" stands behind the letters "BTC," just as a liability stands behind "USD." Even critics participate in the misconception. For example, by speaking of an "overvalued currency," they assume its existence. They call the act of gifting "overvaluation," even though there is no digital, physical, or legal thing that the user has received and could value. You cannot say the price is too high when there is nothing to compare it to. Since there are only numbers in a database, the word "overvalued" makes no sense. You cannot overvalue the number 50; it is simply 50. In short, this entire misconception boils down to people gifting existing wealth to one another in the hope that tomorrow someone else will gift them more, all while convinced they are investing in the money of the future. It will all collapse when the public realizes that this money simply does not exist. submitted by /u/BinaryLyric [link] [Kommentare]
I've noticed that most traders eventually switch exchanges at some point. Sometimes it's because of fees, sometimes security concerns, and sometimes just a better user experience. What was the main reason you left an exchange and moved to a different one? Lower fees? Better security? Faster withdrawals? Better customer support? More trading pairs? Curious to hear everyone's experiences. submitted by /u/Splinters_suck [link] [Kommentare]
Hi everyone, as the title implies, i am looking for thoughts, recommandations and opinions on using hardware wallets as FIDO/U2F tokens (as well as PGP tokens if possible) from people who used or are using these options. I'm specifically looking for one with these options as i need both FIDO/U2F + PGP and a hardware wallet (for different purposes but i wouldn't mind reducing the cost even if it means my PGP keys are less secure than on 2x 70€ yubikeys which have no crypto usage) As for cryptos, i mostly own SOL and XMR which seems to be both supported by most hardware wallets so probably not an issue. For now, i've seen than both Trezor and Ledger are solid options with these capabilities, but i'd like to get opinions on the options i'm looking for on both of them Thanks for helping :D submitted by /u/1_ane_onyme [link] [Kommentare]
I don’t have time to convince anyone. My results speak for themselves. If you’re serious about trading and willing to learn, the performance and consistency of my work will show you everything you need to know. submitted by /u/Outrageous-Hat9277 [link] [Kommentare]
Updated app with current public data submitted by /u/sickabouteverything [link] [Kommentare]
> Except from article. In a June 19 X post, Grant Cardone announced that his real estate investment firm added 282 BTC to its treasury. Based on current market prices, the purchase is valued at roughly $18 million and comes as Bitcoin trades near the $63,000 level following a broader crypto market decline linked to tensions surrounding the Israel-Lebanon conflict. The latest purchase follows another acquisition made during a recent market downturn, when Cardone Capital bought 130 BTC valued at approximately $9.7 million. The transaction adds to a growing Bitcoin position that Cardone has continued to expand through a strategy tied directly to income-producing real estate assets. submitted by /u/zesushv [link] [Kommentare]
Now it’s about finding the right vault to your risk appetite. The game has changed submitted by /u/hduynam99 [link] [Kommentare]
Crypto still gets talked about like it’s all memes, leverage, and people trying to hit a 10x in a weekend. But the part that actually seems to be working is way more boring. Stablecoins! Tokenized Treasuries! Tokenized funds! Maybe tokenized stocks soon! Basically the stuff that sounds the least exciting is the stuff that might actually become financial infrastructure. I think stablecoins are the cleanest example. People can argue about most crypto use cases forever, but moving dollar-like value around the internet is pretty obviously useful. Tokenized Treasuries also make sense. Not because it’s some revolutionary idea, but because it’s a cleaner wrapper around something people already understand. The average person doesn’t really care what chain something is on. They care about whether they’re getting a good rate, how much they’re losing in fees, whether the platform is sketchy, and whether they can get in and out without getting screwed. That’s probably where crypto gets more useful. Less moonboy stuff! More routing, settlement, liquidity, rates, fees, and access. Still plenty of hype and nonsense in tokenization, but the boring side of crypto feels like the part institutions actually care about! submitted by /u/Roaring_lion_ [link] [Kommentare]
Let's face it, we have our preferred projects, we shout about its technical merits in the dark, without being honest with ourselves that most of the networks out there have nothing unique to offer society and/or computer science. Unique being the key word there. Most projects out there need to go under so that efforts are consolidated. Looking at the top 100, can only pick a few networks that have innovative features that lead to solve real specific problems. Have we lost our way? I think we need to burn the house down and rebuild submitted by /u/ehanoc [link] [Kommentare]
I don’t really have much else to say. Just bumming out a bit on having fumbled a significant amount of profit, combined with missing the feeling of hope and excitement. Felt like we were in uncharted territory with new cool stuff just around the corner. I hope we get another chance to experience it. submitted by /u/protoman86 [link] [Kommentare]
I invested in this coin BankSocial when FaZe Banks promoted it 3-4 years ago (yes I know very stupid). Can’t swap it to ETH cause the liquidity is too low and it keeps failing. Their subreddit is restricted and hasn’t been posted to for half a year. Should I just accept money gone? submitted by /u/a1tf4_design [link] [Kommentare]
Everyone talks about tokenizing assets. Should we be talking more about improving financial workflows instead? Putting an asset onchain is interesting. Making financing, approvals, and capital allocation faster might be even more valuable. Some of the recent work coming out of W3 got me thinking about this. If you had to choose, which creates more value: tokenization itself or the workflows built around it? submitted by /u/Ge_Yo [link] [Kommentare]