FAQs

As a long-time Bitcoin enthusiast, I can sympathize with all the drama that has been going on in the market lately. The recent ABC segment on Bitcoin did not help matters either. Friends and family have been quick to declare that this might be the end for Bitcoin, but I’m here to tell you that it’s far from over.

The term “bank run to the ground” has been thrown around a lot lately, and it’s true: the banks are in trouble. But this doesn’t mean that Bitcoin has to suffer. In fact, a bank run to the ground means that Bitcoin is likely to go up to the moon, which has been a great source of optimism for the Bitcoin community.

Unfortunately, the news about Bitcoin’s success won’t be reported until we breach the 69k/ath mark. Why? Because the media is too busy telling everyone that the banks are still doing just fine. There’s no room for Bitcoin propaganda, so the only news we hear about Bitcoin is when something bad happens.

I personally believe that this rally was created by Circle, the owners of USDC. They had 3 billion in Silicon Valley Bank, and they’ve been buying up a lot of different cryptos to re-peg USDC back to the dollar. That’s why I think the crypto market is pumping up so much right now, despite the troubles the banks are having.

These days, most news is just a flavor of advertiser-funded entertainment. Drama and strife generate clicks and views, and we’re the product, not the customer. The customers are the likes of Visa, Mastercard, and Western Union. We’ll only hear about Bitcoin when it’s scandalous or disastrous, because anything else would be considered free advertising.

My dad always used to say, “The only way to succeed is to keep trying.” I think this holds true for Bitcoin as well. Despite all the drama and the bad news, I’m still hopeful that Bitcoin will succeed. Keep pushing forward, and good things will come.

Have you ever wanted to go on a scavenger hunt but didn’t know where to start? Well, if you own a Mac, you might want to start by typing in the following command into your Terminal:

>open /System/Library/Image\\ Capture/Devices/VirtualScanner.app/Contents/Resources/simpledoc.pdf

If you have macOS 10.15 or later, you’ll be surprised to find that this command opens a PDF about Bitcoin in your Preview!

It’s a pretty crazy concept that there are secrets hidden away in our computers. It’s almost like going on an adventure to find something new! Not only that, but if you hit the Shift and Command keys together followed by a period, all the hidden directories on your Mac will open.

But where did this Bitcoin PDF come from? It turns out that the owner of the Virtual Scanner app added it, not Apple. This means that if you have an older computer that hasn’t been updated, this PDF could be on there too. In fact, it looks like this PDF has been on Macs since at least 2017!

Of course, this discovery has led to the Steve Jobs was Satoshi conspiracy theory. Satoshi is the mysterious creator of Bitcoin and his last post was December 12, 2010. Not long after, Steve Jobs announced that he was taking a medical leave of absence in January of 2011, and sadly passed away later that year.

So, who knows? Maybe it was Steve Jobs who created Bitcoin? Or, maybe it was just a coincidence. Whatever the case, it’s interesting to explore the hidden secrets of our computers and the possibilities of who might have created Bitcoin.

Cryptocurrency, or crypto, is becoming increasingly popular these days. One of the most popular is SOL, which has a market cap of 11 billion US dollars. Despite its size, SOL has achieved an impressive 40 days of uptime, making it one of the jewels of the crypto world.

March was a particularly impressive month for SOL, as the network was up for an entire 30 days straight. This is even more impressive when you consider that projects like Litecoin (LTC) have achieved a 100% uptime. Seeing the success of SOL’s uptime, it’s easy to understand why many crypto enthusiasts are celebrating this major milestone.

SOL’s uptime is even more impressive when you consider its exclusive features, such as extreme centralization and a 1 to 1 match in uptime/downtime ratio. Additionally, SOL has launched multiple useless NFT & DeFi projects after the FTX fiasco. Despite these hiccups, SOL has still managed to remain one of the most reliable crypto networks on the market.

Despite the success of SOL, some members of the crypto subreddit have been critical of the project. While it is understandable for people to express their opinions, it is important to remember that projects like Bitcoin have experienced their own downtimes in the past. In 2010, the Bitcoin network went down for 8 hours and 27 minutes, while in 2013 it went down for 6 hours and 20 minutes. Since then, however, Bitcoin has had no major downtimes.

Overall, SOL is a great crypto network and its impressive uptime is a major milestone for the project. It is understandable that some people may be critical, but it is important to remember that even the most successful projects have experienced their own downtimes in the past.

It’s no secret that I love this crypto sub. But let’s be honest, there are some things we need to work on. After spending some time on Twitter today, I was totally turned off by the crypto community’s incessant need to constantly push their political views. Whether it’s about Trump getting arrested, Biden taking over zombie cities, or anti-wokeness, it’s like the crypto world can’t help but insert their political beliefs into every conversation. I’m in a Telegram group for crypto and it’s the same story there – some guy keeps posting stuff about how the vaccines are a scam. People can believe what they want, I really don’t care. Everyone has their own beliefs and I respect that. But I didn’t join the crypto space to hear people’s political views; I joined to talk and learn about crypto stuff. We live in a world where politics are always on the news and it’s easy to get caught up in the drama. Crypto should be a safe haven from all of that.

What really stands out to me on this sub is how good everyone is at keeping the conversation focused on crypto-related topics. Political posts are few and far between and usually it’s just a general “fuck the government” sentiment which I can get behind. Today I realized that this sub is one of the few places in the crypto world where you can have conversations about crypto without getting bombarded with political views from other people.

It is no secret that Robinhood, a regulated trading platform that offers crypto services, is fully regulated under US laws by the SEC. While this might sound reassuring, their actions in 2021 during the Bitcoin bullrun speak otherwise.

At the start of the bullrun, when prices were starting to increase, Robinhood disabled the ability to buy crypto or load money onto user accounts. The excuse they gave was ‘extraordinary market conditions.’ However, the market hadn’t yet reached its peak at this point. People were naturally angry, so they left over 100,000 negative reviews on Google, which were subsequently removed. This is a prime example of what can happen when a crypto service is under government control.

Unfortunately, despite their unethical behaviour, Robinhood is still in operation and many people still use them. This should serve as a warning to traders who are considering using their services. The upcoming BTC halving is less than a year away, so it is best to stay away from Robinhood. Their track record speaks for itself; it is only a matter of time before they cheat or potentially even steal from their users.

At the end of the day, it is best to be safe than sorry. Steer clear of Robinhood and buy and trade your crypto on a platform that you can trust.

Just a few days ago, I saw a smug face receive 140 years in prison. It brought back memories of the chaos when Luna crashed and people committing suicide. This poor guy had invested more than 36k in cryptocurrencies, taking it from his mother’s pension fund, selling family jewellery and taking out loans from online loan sharks. He was even threatened on phone calls, which drove him to attempt suicide. Thankfully, a cab driver noticed him acting strangely and called the police.

It appears that there have been 8 suicides due to the Luna crash. It’s truly heartbreaking, and I hope that the scumbag responsible for it suffers the consequences of his actions.

To everyone reading this, please be careful with your investments. Don’t invest more than you can afford to lose, no matter how bullish you are about a coin. As much as you can, stay safe.

Google AMP is a proprietary walled garden which benefits Google while hurting everyone else. It poses a threat to the open web by violating standards and preventing publishers from customising and differentiating their content. It also allows Google to track you even after you’ve left their search results page. This is a serious issue for individuals who want an automated, open web experience.

As Bitcoiners and Crypto investors, we are all eagerly anticipating the upcoming Bitcoin Halving. Taking place approximately one year from now, on April 4th, 2020, the Halving will decrease the rate of already scarce Bitcoin supply.

Put simply, the Bitcoin Halving is an event where the reward of Bitcoin released after mining a block is halved. This results in a decrease in Bitcoin inflation, which is already low, and nothing can change this inflation rate, except for the Halving. After this year’s Halving, Bitcoin inflation will drop to just under 1%, below the current inflation rate of gold, which is at about 1.6%.

The Halving also has long-term implications for Bitcoin inflation. Over time, the Halvings will make the Bitcoin inflation rate nearly non-existent, and the supply of Bitcoin will eventually stop at a certain point. That is why the Halving is so significant – it will ensure the ongoing scarcity of Bitcoin, and as a result, its value and desirability.

In the lead up to the Halving, we have experienced a cold, shivering Bear Market, which made us all the more excited for the upcoming event. Crypto investors, in particular, are looking forward to the Halving, as it could potentially increase the value of their investments.

So, one year from now, on April 4th, 2020, the Bitcoin Halving will take place. This event is sure to have a significant impact on the crypto world, and we can’t wait!

I’m in the middle of a big move, from Colorado back to my home state of California. I’m apartment hunting in San Francisco right now, so each day I’m up early, grabbing coffee and running around town to check out the places I’m interested in.

Yesterday, when I was in the Mission district, I stopped at a coffee shop that had a handwritten sign in the window: they accepted crypto. I was excited, but I knew sending Bitcoin was slow and Ethereum fees are high, so I decided to just transfer a small amount of Matic. The guy at the register showed me how to do it—scan a QR code and send. It only took a couple of minutes, and by the time my drink was ready, the payment had arrived.

The owner of the shop hadn’t set up a reader to accept crypto, so I’m guessing this was his way of accumulating a little bit, avoiding credit card fees, or maybe for tax reasons. I’m all for it, one crypto enthusiast to another, and I’m glad I was able to support his business.

We’re still a long way from smooth, widespread crypto adoption, but it’s a start. If you see a business that accepts crypto, work with the owner and see if you can make it work. For me, it’s the only way I’m spending my money.

It’s clear that Congressman Tom Emmer has had enough of Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), and the hypocrisy with which he’s been handling the crypto space. As Tom said, ‘This guy in my mind, is a bad-faith regulator. He’s been blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.’

Tom Emmer recently pointed out the hypocrisy of the SEC and its chairman, Gary Gensler, when it comes to the cryptocurrency space. He gave the example of Coinbase, a cryptocurrency exchange and wallet service provider, who had been trying to get feedback from the SEC regarding their planned staking products for months. After months of meetings, no feedback was provided and instead the SEC hit Coinbase with a Wells Notice regarding those very products that Coinbase was asking for help with.

The Congressman believes that Gary Gensler has been treating the cryptocurrency space without good faith and that the SEC’s actions send a clear message to the broader crypto community. He believes that Coinbase had been trying to do the right thing by reaching out to the SEC after Gary had said they should come in and talk to them in order to clarify any regulatory doubts and register future products with the SEC. However, in this case contacting the SEC only led to them using enforcement tools against Coinbase.

Tom Emmer believes that this is not the way the government should be serving Americans and that Gary Gensler’s actions are not only hypocritical but also damaging to the crypto community. He believes that the SEC should be focused on identifying and punishing the truly bad actors in the space, rather than blindly spraying the crypto community with enforcement actions.

I recently stumbled across a whale trader who opened two insanely leveraged longs on a decentralized perpetual protocol. The liquidation levels of his wallets were set at 1830 for ETH and 27668 for BTC. A 2% move down would liquidate the BTC position, which is a whopping $13M! A mere $40 move down on ETH would also liquidate the wallet.

The trader must have a lot of confidence in this trade, or they know something that others don’t. It’s also possible that the whale is using a delta-neutral strategy of longing on-chain and shorting on a centralized exchange.

It’s hard to say which of these scenarios is more likely, but all signs are pointing to this trader being a degen, lighting their money on fire. You can follow the mentioned wallet here.

Leverage trading isn’t for everyone, and it’s easy to imagine the consequences of such a risky move. If BTC were to flash crash to $27,660 and then back up to $28,000 in a matter of seconds, the whale would still make 100$ from the long. It’s unimaginable for the average person how much money some people have or earn in an hour.

Setting some buy orders just below the trader’s liquidation price is one way to take advantage of this situation. Of course, this is a risky move, and I wouldn’t advice it to anyone. The whale is likely to fuck up one day, and the best we can do is hope it’s not today.