Cryptocurrency Contents Archive

Where do you spend your bitcoin?

I'm wondering where you spend your Bitcoin for things like coffee, groceries, and electronics - I'm in the market for a new laptop, but Facebook Marketplace and Craigslist all seem like scams or people aren't accepting bitcoin. Now that LocalBitcoins is down, where do you go to spend? I haven't come across any reputable websites and BitPay has about 50/50 reviews on success rates. I know many are still in HODL phase or trying to maximize investments through DCFing until retirement, but until we have mass retail and service adoption, BTC will still just be a register of perceived value rather than an actual store of value.

Ignorant question: What would incentivize miners 50-100+ years from now to continue mining Bitcoin to maintain the network as block rewards become less profitable through the halvening?

Would people continue mining or attempting to maintain the Bitcoin network through mining in 50-100+ years from now? I suppose that as mining becomes less profitable with block rewards decreasing, what will incentivize the miners in the future? I suppose that as the price of Bitcoin increases, rewards will still be more profitable since ~6btc/block now would be less profitable than ~3btc/block at a point in the future with the value of 1btc presumed to be higher at that future point. But if BTC does ever find a ceiling, what would the incentive be to continue maintaining the network if 100+ years from now, rewards have been halved so much?

Bitcoin~

it really breaks the matrix... literally.

ERC20 token backed by physical silver?

I know of Paxos-Gold (PAXG) which is an ERC20 token backed by physical gold bars held in a vault, but is there a similar token backed by physical silver? I've read about KAG, Kinesis Silver, but it does not seem to be an ERC20 token on the Ethereum blockchain. Is there such a token?

On regulation, the crypto industry has everything backward

So what will my off-ramps be?

I took a break from the crypto world for awhile after BlockFi's collapse so I'm trying to get caught up. I don't keep much, at least not an amount I care about losing in a CEX, just enough to play around with if I see an opportunity. The majority of my holdings is off exchanges and I've been stacking as much as I can. However if all this goes sideways, thanks to the SEC, what are my options for off-ramps if I need to convert back to USD for some reason in the future? Will my stack just be stuck? I'm not panic selling due to the FUD but I also ain't trying to be the crab in a warming pot.

Blockchain could enable real-time wage payments

Instead of having to wait for archaic “pay periods”, and being at the mercy of time if you are living paycheck to paycheck, you could instead be paid hourly, or even daily upon clocking out. If such a thing were implemented, people could be paid without having to wait for their employer to compensate their already-provided labor. However, I doubt such a thing would be possible with ACH. Actually Can’t Handle, aka the Automated Clearing House, needs to go. This system only benefits those who control it, and they have a vested interest in making sure ACH continues trudging along on life support. We need to collectively move past big banks and legacy finance, and things that only benefit businesses. Blockchain and decentralized tech have so much potential to bring about reform and make finance more equitable. This was just one idea I was thinking about but damn do we need fresh ideas.

Desktop GPU Sales Lowest in Decades: Report

On June 12th, r/Bitcoin will go dark for 48 hours in protest of Reddit's API changes that will kill 3rd party apps.

Additional reading: https://www.reddit.com/r/Save3rdPartyApps/comments/13yh0jf/dont_let_reddit_kill_3rd_party_apps/ https://www.reddit.com/r/redditdev/comments/144l86y/takeaways_and_recommendations_after_api_meeting/ https://www.reddit.com/r/apolloapp/comments/144f6xm/apollo_will_close_down_on_june_30th_reddits/ https://www.reddit.com/r/redditisfun/comments/144gmfq/rif_will_shut_down_on_june_30_2023_in_response_to/ https://www.reddit.com/r/reddit/comments/145bram/addressing_the_community_about_changes_to_our_api/

Monkey torture videos sold for crypto in online community

Russia's Biggest Bank to Allow Crypto Trading This Summer

Anyone else wish their HW wallet was made out of steel? Someone talk me out of this lol

Saw an ad for a discount on steel 3D prints so I priced out a steel Trezor shell. I remember wishing I could afford the $500 limited edition metal Trezor, but this is kind of cooler in a way. Someone talk me out of wasting my money on this or order one for yourself so I can enjoy it vicariously. https://preview.redd.it/rqzmgzo5n15b1.png?width=1417&format=png&auto=webp&v=enabled&s=af6e56ace9fe6219545f5d328bd2918f3b836087

Greyscale ethereum trust is a bargain

Selling at between 55 and 60% discount and approved by SEC If you are still inclined to have funds in eth. You should do your own DD.

Do Kwon Allegedly Financed a Montenegrin Opposition Party

Subs that earn you crypto for your karma

So we all love our moons, well maybe not all of us, but most of us. The idea of rewarding community members with crypto from their karma earned from quality posts is pretty neat. Who would have thought that you could earn crypto just from shit posting? So I went looking to see if there were other communities offering a similar initiative. So far the only other subs that also rewards karma earned in crypto are the following: r/StellarCannaCoin Stellar Cannacoin r/ethtrader Donuts r/FortniteBR Bricks r/coneheads Bitcone I have tried searching on Reddit for others. I've found lots of requests in other subs for community points to be implemented, but not yet put in to place on those subs. Are there any others besides the 4 above that are missing? If so let me know and I'll edit the list. Edit: may be a few edits as I add to the list.