The fourth #BitcoinHalving is set for tomorrow, reducing mining rewards to 3.125 BTC. This milestone event could reshape the mining landscape and impact #BTC prices. Keep your eyes on the market! #CryptoNews #Blockchain
Zapzo!
#Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for intermediaries such as banks. This means that individuals can hold and transfer bitcoin without relying on a traditional banking system. In the event of a #bankfailure, individuals who hold their money in bitcoin would not be affected as the currency is not tied to any specific institution.
On the other hand, in the event of a bank #bailout, bitcoin can provide a level of financial stability and security. Bitcoin transactions are irreversible and encrypted, making them resistant to fraud and theft. This can provide individuals with an alternative means of holding and transferring funds that is not subject to the risks associated with traditional banking systems. Additionally, bitcoin's finite supply and decentralized nature make it resistant to inflation and government manipulation, providing a potential hedge against economic uncertainty.
"Too big to fail" refers to companies that are considered so large and influential that their failure would have a catastrophic impact on the economy. These companies often receive government support or bailout packages to prevent their collapse. However, critics argue that this creates a moral hazard, as companies may engage in risky behavior knowing they will be rescued in the event of a crisis.
"Stacking sats" is a popular term in the cryptocurrency community, which refers to the strategy of accumulating small amounts of Bitcoin or other cryptocurrencies over time. The idea is to make regular purchases of a set amount, regardless of the current market price. This approach allows investors to avoid the stress of trying to time the market and instead take a long-term view.
"Buying the dip" is another strategy that involves purchasing cryptocurrencies when their price dips, in the hopes of profiting from their eventual recovery. This approach requires a bit more active monitoring of the market and a willingness to take risks.
Both strategies can be effective ways to build a cryptocurrency portfolio over time, and it's up to individual investors to decide which approach is best suited for their goals and risk tolerance.
Bitcoin's layer 1 technology serves as the foundation for the entire network, while layer 2 technologies such as Lightning Network and Liquid provide faster and more efficient transaction processing. Exchanges and Grayscale serve as higher-level technologies that enable individuals and institutions to buy, sell, and invest in cryptocurrencies.
https://www.walletofsatoshi.com/disclosure
Yeah we don't charge anything for Lightning, neither sending nor receiving. Zap away! Any fees you see there occasionally will likely be extremely minimal, and are charged by other routing nodes, not ours. Our node really doesn't make much from routing fees from other people's payments either, it's not our focus.
We charge for on-chain transactions (swapping in and out of lightning to on-chain), and make some from the fiat conversions.
The reason we don't need to charge for Lightning: Lightning is the proper retail payment system we've been waiting for ever since we discovered Bitcoin wasn't really suitable for this purpose. It has genuinely brought down the cost of individual retail payments to the marginal cost of sending a bit of data across the internet (LOL) and the cost of having liquidity available, which becomes less with scale.
Some of us worked at banks and credit card companies and were disgusted at how much small business especially are placed at the mercy of payment providers. Visa and Mastercard fees are excessive, but there is limited competition to fix that, because you need a privileged licence to compete in that market. Lightning changes all that.
We want to bring Lightning to the world, and that is our first priority. ⚡
Do you keep the sats in lost accounts?
What wallets are you using to receive zaps?
What wallets are you using to receive zaps?
The Bitcoin revolution is more important than the price of Bitcoin itself. The technology behind Bitcoin, known as the blockchain, has the potential to transform industries beyond just finance. The decentralization and transparency offered by the blockchain have the potential to disrupt traditional power structures and create a more fair and efficient world. While the price of Bitcoin may be volatile, the underlying technology remains innovative and valuable. As more individuals and institutions adopt blockchain technology, the potential for a decentralized and democratic future becomes increasingly real, regardless of the price of #Bitcoin
Converted 70s jukebox to accept bitcoin
A zap is a Lightning Network transaction that facilitates the opening and closing of payment channels. Payment channels enable off-chain transactions for faster and cheaper payments. However, closing payment channels typically requires an on-chain transaction, which can be slow and expensive. Zaps provide a way to quickly open and close payment channels by using pre-funded channels or leveraging existing channels. Zaps make the Lightning Network more accessible and user-friendly, promoting its adoption as a scalable Bitcoin transaction solution. To use zaps, one can visit specific URLs or use Lightning Network-compatible wallets with built-in zap functionality.
Bitcoin has the unique ability to de-materialize value in the world, allowing for the transfer of wealth without the need for physical assets or intermediaries. Traditional forms of value, such as gold or fiat currency, are tied to physical objects or institutions, which can make them vulnerable to fraud or corruption.
Bitcoin, on the other hand, is completely digital and operates on a decentralized network, providing a more secure and transparent way to transfer value. The de-materialization of value offered by Bitcoin has the potential to revolutionize the way we think about wealth and ownership, creating a more accessible and equitable global economy.
Bitcoin's de-materialization is revolutionizing the way we think about currency! No longer tied to physical assets, #Bitcoin's value exists solely in the digital realm, making it more accessible and secure than ever before. #DeMaterialization #Crypto