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Cryptocurrency news and alerts by ResoNova.com
Bitcoin: A Homie-to-Homie Digital Cash Vibe
https://www.reddit.com/r/Bitcoin/comments/1en92d4/bitcoin_a_homietohomie_digital_cash_vibe/
<!-- SC_OFF -->Did you know that Satoshi Nakamoto also made a version of the Bitcoin whitepaper for Gen Z? "Proof-of-Work is basically a vibe where you hunt for a number that, when hashed (think SHA256), starts with a bunch of zeroes. It’s like an epic quest, and the more zeroes you need, the more CPU sweat you gotta pour in. The struggle is real, but you can check if it’s legit with just one hash. https://archive.org/details/BitcoinForGenZ/mode/1up?view=theater <!-- SC_ON --> submitted by /u/PomeloExpress3753 (https://www.reddit.com/user/PomeloExpress3753)
[link] (https://www.reddit.com/r/Bitcoin/comments/1en92d4/bitcoin_a_homietohomie_digital_cash_vibe/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1en92d4/bitcoin_a_homietohomie_digital_cash_vibe/)
submitted by /u/JoeNakamoto (https://www.reddit.com/user/JoeNakamoto)
[link] (https://youtu.be/ykLb8SG9Z8w?si=kp9Fhs6Bge054SfA) [comments] (https://www.reddit.com/r/Bitcoin/comments/1en0wu0/bitcoin_has_a_long_way_to_go_in_emerging_markets/)
Questions on seedcodes
https://www.reddit.com/r/Bitcoin/comments/1en0sdg/questions_on_seedcodes/
<!-- SC_OFF -->1) are the words always only in English and 2)how often can someone/a program type-in random words to see if he finds a wallet? I just wonder if you have a 12 word seedcode with English words and a computer randomly trying hundreds of combinations a second, wouldnt there be a chance to find something over the years? or do you only get wallet access success notification with each mined block (every ~10-15 minutes) never tried to restore a wallet but how does it work? <!-- SC_ON --> submitted by /u/LOLyours (https://www.reddit.com/user/LOLyours)
[link] (https://www.reddit.com/r/Bitcoin/comments/1en0sdg/questions_on_seedcodes/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1en0sdg/questions_on_seedcodes/)
<!-- SC_OFF -->Fear and greed index at “extreme fear” and price at $57k Wtf? <!-- SC_ON --> submitted by /u/Cointuitive (https://www.reddit.com/user/Cointuitive)
[link] (https://i.redd.it/clw7q4ou2ehd1.jpeg) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emzf7n/only_a_year_ago_i_would_have_thought_this_was/)
Daily Discussion, August 08, 2024
https://www.reddit.com/r/Bitcoin/comments/1emykk0/daily_discussion_august_08_2024/
<!-- SC_OFF -->Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new (https://www.reddit.com/r/Bitcoin/new) which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow. Please check the previous discussion thread (https://www.reddit.com/r/Bitcoin/comments/1em4d0f/daily_discussion_august_07_2024/) for unanswered questions. <!-- SC_ON --> submitted by /u/rBitcoinMod (https://www.reddit.com/user/rBitcoinMod)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emykk0/daily_discussion_august_08_2024/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emykk0/daily_discussion_august_08_2024/)
FBTC = BTC?
https://www.reddit.com/r/Bitcoin/comments/1emwitv/fbtc_btc/
<!-- SC_OFF -->Earlier today I got some in my Roth IRA. I can’t find info on this and I understand I’m getting shares not BTC directly. But if I put $5k into FBTC is that equivalent to putting $5k into BTC. I thought that was the whole idea right? <!-- SC_ON --> submitted by /u/p55X98gpCSF2RMF (https://www.reddit.com/user/p55X98gpCSF2RMF)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emwitv/fbtc_btc/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emwitv/fbtc_btc/)
I gotta wait 10 days till Pay day till I buy more. I only have money in the bank left for bills 😭😭😭
https://www.reddit.com/r/Bitcoin/comments/1emw0nx/i_gotta_wait_10_days_till_pay_day_till_i_buy_more/
In times of distress remember
https://www.reddit.com/r/Bitcoin/comments/1emowvi/in_times_of_distress_remember/
Which one are you lol
https://www.reddit.com/r/Bitcoin/comments/1emo9ty/which_one_are_you_lol/
Russian settlement of international trade
https://www.reddit.com/r/Bitcoin/comments/1emjkkn/russian_settlement_of_international_trade/
<!-- SC_OFF -->While this seems like a very large bullish signal, I’ve seen little discussion. Isn’t it a form of national state adoption if Russia can transform its energy resources into Bitcoin from its trading partners. The potential dollar value is huge given that one supertanker of oil is worth in the neighbourhood of 140million dollars (2500BTC). And why would the major trading partners being China, India, and UAE care if settlement were in Bitcoin compared to dollars. There must be a significant savings for both parties to settle in BTC rather than to financial brokers, right? <!-- SC_ON --> submitted by /u/Apart-Sprinkles5819 (https://www.reddit.com/user/Apart-Sprinkles5819)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emjkkn/russian_settlement_of_international_trade/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emjkkn/russian_settlement_of_international_trade/)
<!-- SC_OFF -->China holdings cannot be confirmed on-chain by anyone El Salvador continues to DCA 1 whole bitcoin a day as confirmed on-chain Bhutan usually sells what it mines (uses the renewable & excess energy their geography enables) Sources: Arkham, TimechainIndex <!-- SC_ON --> submitted by /u/Financial_Design_801 (https://www.reddit.com/user/Financial_Design_801)
[link] (https://i.redd.it/pbelve0oj9hd1.jpeg) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emfbda/and_then_there_were_3/)
submitted by /u/thecryptos (https://www.reddit.com/user/thecryptos)
[link] (https://i.redd.it/44k1t1fd49hd1.png) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emd569/global_liquidity_crisis/)
Blackrock Buying Bitcoin Question....
https://www.reddit.com/r/Bitcoin/comments/1emcx93/blackrock_buying_bitcoin_question/
<!-- SC_OFF -->Forgive me if this is a possible stupid question as I am still learning about The Bitcoin Network, but is it possible for Blackrock to buy up all the BTC and possibly centralize all the coins or at least prevent American citizens in the future from owning Bitcoin. I would like your thoughts, even if you think this is indeed a stupid question. Thank You :) <!-- SC_ON --> submitted by /u/Spiden80 (https://www.reddit.com/user/Spiden80)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emcx93/blackrock_buying_bitcoin_question/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emcx93/blackrock_buying_bitcoin_question/)
Craig Wright Capitulates: No Appeal Filed After Case Loss
https://www.reddit.com/r/Bitcoin/comments/1emcaoc/craig_wright_capitulates_no_appeal_filed_after/
The latest Bitcoin Breakdown newsletter issue is now live. See sneak peeks of the Feature Stories and Tools & Projects sections below. Issue is available via link in the comments.
https://www.reddit.com/r/Bitcoin/comments/1embvya/the_latest_bitcoin_breakdown_newsletter_issue_is/
Grayscale mini trust the best etf?
https://www.reddit.com/r/Bitcoin/comments/1en56wx/grayscale_mini_trust_the_best_etf/
<!-- SC_OFF -->The fees are lowest. <!-- SC_ON --> submitted by /u/whatchuknowboutdat (https://www.reddit.com/user/whatchuknowboutdat)
[link] (https://www.reddit.com/r/Bitcoin/comments/1en56wx/grayscale_mini_trust_the_best_etf/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1en56wx/grayscale_mini_trust_the_best_etf/)
Bitcoin has a long way to go in emerging markets
https://www.reddit.com/r/Bitcoin/comments/1en0wu0/bitcoin_has_a_long_way_to_go_in_emerging_markets/
Met a trader who "figured it out..."
https://www.reddit.com/r/Bitcoin/comments/1en0cfq/met_a_trader_who_figured_it_out/
<!-- SC_OFF -->So I see a guy looking at a candle chart at coffeehouse. We talk, he has never used lightning or self custody. Later he says he makes his living trading "crypto". This maxi accidentally insults him by saying "I am not into gambling." He admits it took him a couple of years "gambling" to understand, but last 6-9 months he "figured it out." Lol. I did not explain to him that every trader is a genius during a bull.... <!-- SC_ON --> submitted by /u/SouthboundNortherner (https://www.reddit.com/user/SouthboundNortherner)
[link] (https://www.reddit.com/r/Bitcoin/comments/1en0cfq/met_a_trader_who_figured_it_out/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1en0cfq/met_a_trader_who_figured_it_out/)
Only a year ago I would have thought this was impossible
https://www.reddit.com/r/Bitcoin/comments/1emzf7n/only_a_year_ago_i_would_have_thought_this_was/
How to catch the falling knife?
https://www.reddit.com/r/Bitcoin/comments/1emxg3l/how_to_catch_the_falling_knife/
<!-- SC_OFF -->When Bitcoin was going down I felt I had to use Swan and stare at it to catch it on the away down and guessing how far is would go. The bounce was too fast so it ended up overshooting. Whereas outside by iron in Bitcoin I could use limits and this was better to some degree. It caught at lower tiers than catching a falling knife. But one limit never picked up and was just shy of the bottom so never got picked up. In general I DCA hourly because of the volatility but how do you make a move when things are volatile and going down? The other approach I have was just a general “good price” and just get it and forget about missing the dips. So I had been mid $55k for both this and the prior dip and thinking it may not go much below post etf. <!-- SC_ON --> submitted by /u/Double-Code1902 (https://www.reddit.com/user/Double-Code1902)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emxg3l/how_to_catch_the_falling_knife/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emxg3l/how_to_catch_the_falling_knife/)
<!-- SC_OFF -->Pay day till I buy more <!-- SC_ON --> submitted by /u/sporadicmoods (https://www.reddit.com/user/sporadicmoods)
[link] (https://i.redd.it/o6h02x8k2dhd1.jpeg) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emw0nx/i_gotta_wait_10_days_till_pay_day_till_i_buy_more/)
submitted by /u/No-Newspaper8600 (https://www.reddit.com/user/No-Newspaper8600)
[link] (https://i.redd.it/uw8t31mbfbhd1.jpeg) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emowvi/in_times_of_distress_remember/)
submitted by /u/yakisobas_ghost (https://www.reddit.com/user/yakisobas_ghost)
[link] (https://i.redd.it/oduhp77nabhd1.jpeg) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emo9ty/which_one_are_you_lol/)
One safety aspect of bitcoin just blew my mind. I hope the below does the same for you.
https://www.reddit.com/r/Bitcoin/comments/1emnum4/one_safety_aspect_of_bitcoin_just_blew_my_mind_i/
<!-- SC_OFF -->It might not be the first time this question has come up, but here’s an interesting thought experiment I came across. A Reddit user claimed they wrote a program to generate Bitcoin addresses and check if they contained any value. Initially, I thought it was unlikely they’d succeed, but it got me wondering: what if a group or government made a serious attempt to generate a significant percentage of all possible Bitcoin addresses? This could potentially make the network less secure and valuable. Since I’m not equipped to calculate this on my own, I turned to ChatGPT for help. Here’s a summary of our conversation: (ps. The chatGPT responses are condensed to keep it light reading) Edit: from the comments I see that I wasn't clear wether I was talking about private or public keys. This is regarding private keys Me: How many Bitcoin addresses could a standard PC generate in a minute using a dedicated program? ChatGPT: A standard modern PC can generate approximately 60,000 to 600,000 Bitcoin addresses per minute. Me: How long would it take 1,000 computers to generate 10% of all possible Bitcoin addresses with the previous estimate of 600,000 addresses per minute? ChatGPT: It would take approximately 4.62×10324.62 \times 10^{32}4.62×1032 years for 1,000 computers, each generating 600,000 Bitcoin addresses per minute, to generate 10% of all possible Bitcoin addresses. This time span is incomprehensibly vast, far exceeding the age of the universe, making such an attempt practically impossible with current technology. Me: With advancements in computing power, how long would it take to achieve 1% of all possible addresses in 10 years? ChatGPT: Even with a 32-fold increase in computing power over 10 years, it would still take approximately 1.45×10311.45 \times 10^{31}1.45×1031 years to generate 1% of all possible Bitcoin addresses. This timeframe remains far beyond any practical limits, illustrating the immense difficulty and impracticality of targeting a large fraction of Bitcoin addresses, even with significant technological advancements. Me: Could you help me visualize this? ChatGPT: Visualizing the Scale: 1 Billion Years: A billion years is 10910^9109 years. Imagine stacking 13.8 billion-year periods one after another—this is still minuscule compared to the time required. 1 Trillion Years: The age of the universe is a fraction of the required time. You’d need 102210^{22}1022 times more such periods to even come close. <!-- SC_ON --> submitted by /u/CU66LES (https://www.reddit.com/user/CU66LES)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emnum4/one_safety_aspect_of_bitcoin_just_blew_my_mind_i/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emnum4/one_safety_aspect_of_bitcoin_just_blew_my_mind_i/)
Market Turbulence
https://www.reddit.com/r/Bitcoin/comments/1emgot1/market_turbulence/
<!-- SC_OFF -->I know it can be unsettling when the BTC Market is turbulent, but market ups and downs are a normal part of investing in any form. Stock and BTC Markets dip regularly, but research shows investors worldwide that staying invested tends to reward long-term investors. Especially in BTC It’s natural to want to sell when prices fall, but evidence shows that it is very difficult to successfully time the market. Unless your circumstances have changed, staying the course and riding out the dips is definitely the right course of action. It is hard to predict how long the current volatility will last, but stay strong believers. You will not regret it. <!-- SC_ON --> submitted by /u/ethalot1 (https://www.reddit.com/user/ethalot1)
[link] (https://www.reddit.com/r/Bitcoin/comments/1emgot1/market_turbulence/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emgot1/market_turbulence/)
And then there were 3
https://www.reddit.com/r/Bitcoin/comments/1emfbda/and_then_there_were_3/
Global liquidity crisis
https://www.reddit.com/r/Bitcoin/comments/1emd569/global_liquidity_crisis/
submitted by /u/Aggravating-Durian75 (https://www.reddit.com/user/Aggravating-Durian75)
[link] (https://hodder.law/craig-wright-capitulates-no-appeal-filed/) [comments] (https://www.reddit.com/r/Bitcoin/comments/1emcaoc/craig_wright_capitulates_no_appeal_filed_after/)
submitted by /u/GeeWow (https://www.reddit.com/user/GeeWow)
[link] (https://www.reddit.com/gallery/1embvya) [comments] (https://www.reddit.com/r/Bitcoin/comments/1embvya/the_latest_bitcoin_breakdown_newsletter_issue_is/)
submitted by /u/coincorner (https://www.reddit.com/user/coincorner)
[link] (https://i.redd.it/1yitpddlr8hd1.png) [comments] (https://www.reddit.com/r/Bitcoin/comments/1embfus/exactly_11_year_ago_bitcoin_was_first_recognized/)
