"The Bullish Case for Bitcoin" by #VijayBoyapati makes a strong argument for why Bitcoin is a big deal.
He explains that Bitcoin is like digital gold: it’s scarce, secure, and decentralized.
Bitcoin's unique properties make it a solid store of value, especially in today’s uncertain financial world.
Boyapati believes Bitcoin can change how we think about money and investing.
It's a must-read if you're curious about why Bitcoin has so many fans.
https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1
Conspiracy Theory: do you think that #Trump talking on a #bitcoin conference has anything to do?
Questions to the community (trivia)
If a person divides their seed phrase into 2 groups of 12 words each, how difficult is it to brute force if someone finds 12 words of the 24?
A) HALF as difficult
B) MORE difficult 10^35 times more difficult
C) SIGNIFICANTLY easier, 10^35 times less difficult
Never take a picture of your #Bitcoin recovery seed!
If someone hacks your phone or cloud storage, they can easily access your Bitcoin and drain your wallet.
Photos are way too easy to steal and impossible to secure 100%. Your recovery seed is the key to your entire Bitcoin stash—keeping it offline and away from cameras is a must to stay safe.
Write it down on paper and store it securely. Stay smart, stay safe! 🔒📜
A #UTXO (Unspent Transaction Output) in #Bitcoin is basically the leftover change from a transaction.
When you send Bitcoin, it’s broken into chunks. The unspent part, or the “change,” is what a #UTXO is.
Think of it like getting change back when you buy something with cash.
These UTXOs are used in future transactions, helping to keep track of who owns what in the Bitcoin network.
They’re crucial for making sure all transactions are legit and secure. 💰🔒
An #XPub (Extended Public Key) in #Bitcoin is like a master key that can generate a bunch of Bitcoin addresses from one main source.
Instead of keeping track of tons of individual addresses, you just need one XPub.
This makes managing your wallet way easier and more organized, especially for businesses or anyone receiving lots of transactions.
It's super handy for tracking funds without needing access to your private keys, keeping your Bitcoin safe and streamlined. 🔐📊
Let’s break down #NativeSegWit (#P2WPKH). This is a more efficient way to handle Bitcoin transactions. It stands for "Pay-to-Witness-Public-Key-Hash."
Think of it like a streamlined version of sending Bitcoin.
It reduces transaction fees and speeds things up by using less data.
Plus, it fixes some old issues, making transactions more secure.
If you see addresses starting with "bc1," that's Native SegWit in action.
Basically, it's the upgrade that makes Bitcoin better, faster, and cheaper. 🚀💸
#Bitcoin's capped supply and halving events create supply shocks. With rising institutional demand, these factors push prices up. It's basic #SupplyAndDemand at work!
https://youtu.be/1VaHFw8DgxU?si=pX25YOQQ0ueWNVMR
#Wbtm #[0]
#OccamsRazor is a principle that suggests the simplest explanation is usually the right one.
Relating it to #Bitcoin: instead of complicated financial systems with middlemen and fees, Bitcoin offers a straightforward, peer-to-peer way to transfer money.
It cuts out the clutter, making transactions simpler and more efficient. Easy peasy!
#Bitcoin will crush expectations because of government adoption.
Countries are beginning to recognize Bitcoin as a legitimate currency, integrating it into their financial systems.
This adds huge credibility and stability, driving global demand.
When governments use Bitcoin, it becomes more than just an investment; it's part of everyday transactions.
As more nations get on board, Bitcoin’s value and influence will skyrocket. It's not just for tech geeks anymore—Bitcoin is becoming mainstream and unstoppable. 🌍🚀
The #CantillonEffect describes how new money entering an economy benefits the first recipients the most, usually banks and the wealthy, while the rest of the population experiences price increases without a matching rise in income.
Essentially, it's about how those close to the money source (like central banks) gain purchasing power, while everyone else gets hit with inflation.
It's a big deal in discussions about monetary policy and wealth inequality.
#Bitcoin keeps hitting all-time highs against fiat currencies like the #USDollar because it's designed to be scarce, with only 21 million coins ever to be created. This scarcity contrasts with fiat currencies, which can be printed endlessly by governments, leading to inflation and devaluation. #Bitcoin's decentralized nature and limited supply make it a hedge against the weaknesses of fiat systems, driving its value up.
https://youtu.be/GhAOScxAH60?si=Ox7K1Z_ojarOcnI3
#Wbtm #[0]
#Bitcoin's value rise is like a reward for those daring enough to embrace its risks, a path not everyone's willing to walk. It's the brave bet on digital gold's future. #RiskReward
https://youtu.be/zUOULNwyX2k?si=1X2ZDOxstGLmVnPC
#Wbtm
Probably nothing… 
A #Fortune500Company would love stablecoins for instant international transfers. Imagine a company needing to pay suppliers in different countries quickly.
With #stablecoins, they can transfer money instantly, avoiding the usual 3-5 day wait with traditional banks.
For example, paying a supplier in Japan from the US in seconds, not days, saves time and hassle, boosting efficiency.
#FinanceRevolution #CryptoForBusiness #InstantTransfers
A #bondVigilante is an investor who sells #bonds as a protest against government policies they deem irresponsible, such as excessive borrowing or inflationary policies.
This selling drives up interest rates, pressuring governments to adopt more fiscally responsible measures.
Bond vigilantes essentially act as a check on government financial decisions, leveraging the bond market to influence economic policy and discipline fiscal management.
#BondVigilantes #Economics #FiscalResponsibility
In May 2020, #Bitcoin had its third halving, cutting mining rewards to 6.25 BTC. Despite the pandemic chaos, Bitcoin's value soared by 539% by May 2021, showcasing its strength against global uncertainty. #BitcoinHalving #CryptoResilience
#Wbtm
Tether and MicroStrategy both see value in #Bitcoin, adding it to their balance sheets. Tether uses treasury interest for purchases, while MicroStrategy directly invests. Similar paths, different strategies. #Stablecoin #Investment
https://www.youtube.com/live/_Kuy55yHHvg?si=lX_jszpTCeN6byGe
#Wbtm #[0]