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Bit-Coin wiki article on "How To Buy Bitcoins With Your Credit Card" listed scam exchange that got de-listed only to be re-added and it's still there weeks later. This is what mass adoption looks like.
BitcoinAll comment: From what i read, not yet, next year. Take a look at the official bitcoin wiki and read the page concerning said topic. There is a whole write up about whose on board with wh. Join the conversation!
Putting $400M of Bitcoin on your company balance sheet
Also posted on my blog as usual. Read it there if you can, there are footnotes and inlined plots. A couple of months ago, MicroStrategy (MSTR) had a spare $400M of cash which it decided to shift to Bitcoin (BTC). Today we'll discuss in excrutiating detail why this is not a good idea. When a company has a pile of spare money it doesn't know what to do with, it'll normally do buybacks or start paying dividends. That gives the money back to the shareholders, and from an economic perspective the money can get better invested in other more promising companies. If you have a huge pile of of cash, you probably should be doing other things than leave it in a bank account to gather dust. However, this statement from MicroStrategy CEO Michael Saylor exists to make it clear he's buying into BTC for all the wrong reasons:
“This is not a speculation, nor is it a hedge. This was a deliberate corporate strategy to adopt a bitcoin standard.”
Let's unpack it and jump into the economics Bitcoin:
Is Bitcoin money?
No. Or rather BTC doesn't act as money and there's no serious future path for BTC to become a form of money. Let's go back to basics. There are 3 main economic problems money solves: 1. Medium of Exchange. Before money we had to barter, which led to the double coincidence of wants problem. When everyone accepts the same money you can buy something from someone even if they don't like the stuff you own. As a medium of exchange, BTC is not good. There are significant transaction fees and transaction waiting times built-in to BTC and these worsen the more popular BTC get. You can test BTC's usefulness as a medium of exchange for yourself right now: try to order a pizza or to buy a random item with BTC. How many additional hurdles do you have to go through? How many fewer options do you have than if you used a regular currency? How much overhead (time, fees) is there? 2. Unit of Account. A unit of account is what you compare the value of objects against. We denominate BTC in terms of how many USD they're worth, so BTC is a unit of account presently. We can say it's because of lack of adoption, but really it's also because the market value of BTC is so volatile. If I buy a $1000 table today or in 2017, it's roughly a $1000 table. We can't say that a 0.4BTC table was a 0.4BTC table in 2017. We'll expand on this in the next point: 3. Store of Value. When you create economic value, you don't want to be forced to use up the value you created right away. For instance, if I fix your washing machine and you pay me in avocados, I'd be annoyed. I'd have to consume my payment before it becomes brown, squishy and disgusting. Avocado fruit is not good money because avocadoes loses value very fast. On the other hand, well-run currencies like the USD, GBP, CAD, EUR, etc. all lose their value at a low and most importantly fairly predictible rate. Let's look at the chart of the USD against BTC While the dollar loses value at a predictible rate, BTC is all over the place, which is bad. One important use money is to write loan contracts. Loans are great. They let people spend now against their future potential earnings, so they can buy houses or start businesses without first saving up for a decade. Loans are good for the economy. If you want to sign something that says "I owe you this much for that much time" then you need to be able to roughly predict the value of the debt in at the point in time where it's due. Otherwise you'll have a hard time pricing the risk of the loan effectively. This means that you need to charge higher interests. The risk of making a loan in BTC needs to be priced into the interest of a BTC-denominated loan, which means much higher interest rates. High interests on loans are bad, because buying houses and starting businesses are good things.
BTC has a fixed supply, so these problems are built in
Some people think that going back to a standard where our money was denominated by a stock of gold (the Gold Standard) would solve economic problems. This is nonsense. Having control over supply of your currency is a good thing, as long as it's well run. See here Remember that what is desirable is low variance in the value, not the value itself. When there are wild fluctuations in value, it's hard for money to do its job well. Since the 1970s, the USD has been a fiat money with no intrinsic value. This means we control the supply of money. Let's look at a classic poorly drawn econ101 graph The market price for USD is where supply meets demand. The problem with a currency based on an item whose supply is fixed is that the price will necessarily fluctuate in response to changes in demand. Imagine, if you will, that a pandemic strikes and that the demand for currency takes a sharp drop. The US imports less, people don't buy anything anymore, etc. If you can't print money, you get deflation, which is worsens everything. On the other hand, if you can make the money printers go brrrr you can stabilize the price Having your currency be based on a fixed supply isn't just bad because in/deflation is hard to control. It's also a national security risk... The story of the guy who crashed gold prices in North Africa In the 1200s, Mansa Munsa, the emperor of the Mali, was rich and a devout Muslim and wanted everyone to know it. So he embarked on a pilgrimage to make it rain all the way to Mecca. He in fact made it rain so hard he increased the overall supply of gold and unintentionally crashed gold prices in Cairo by 20%, wreaking an economic havoc in North Africa that lasted a decade. This story is fun, the larger point that having your inflation be at the mercy of foreign nations is an undesirable attribute in any currency. The US likes to call some countries currency manipulators, but this problem would be serious under a gold standard.
Currencies are based on trust
Since the USD is based on nothing except the US government's word, how can we trust USD not to be mismanaged? The answer is that you can probably trust the fed until political stooges get put in place. Currently, the US's central bank managing the USD, the Federal Reserve (the Fed for friends & family), has administrative authority. The fed can say "no" to dumb requests from the president. People who have no idea what the fed does like to chant "audit the fed", but the fed is already one of the best audited US federal entities. The transcripts of all their meetings are out in the open. As is their balance sheet, what they plan to do and why. If the US should audit anything it's the Department of Defense which operates without any accounting at all. It's easy to see when a central bank will go rogue: it's when political yes-men are elected to the board. For example, before printing themselves into hyperinflation, the Venezuelan president appointed a sociologist who publicly stated “Inflation does not exist in real life” and instead is a made up capitalist lie. Note what happened mere months after his gaining control over the Venezuelan currency This is a key policy. One paper I really like, Sargent (1984) "The end of 4 big inflations" states:
The essential measures that ended hyperinflation in each of Germany,Austria, Hungary, and Poland were, first, the creation of an independentcentral bank that was legally committed to refuse the government'sdemand or additional unsecured credit and, second, a simultaneousalteration in the fiscal policy regime.
In english: *hyperinflation stops when the central bank can say "no" to the government." The US Fed, like other well good central banks, is run by a bunch of nerds. When it prints money, even as aggressively as it has it does so for good reasons. You can see why they started printing on March 15th as the COVID lockdowns started:
The Federal Reserve is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.
In english: We're going to keep printing and lowering rates until jobs are back and inflation is under control. If we print until the sun is blotted out, we'll print in the shade.
BTC is not gold
Gold is a good asset for doomsday-preppers. If society crashes, gold will still have value. How do we know that? Gold has held value throughout multiple historic catastrophes over thousands of years. It had value before and after the Bronze Age Collapse, the Fall of the Western Roman Empire and Gengis Khan being Gengis Khan. Even if you erased humanity and started over, the new humans would still find gold to be economically valuable. When Europeans d̶i̶s̶c̶o̶v̶e̶r̶e̶d̶ c̶o̶n̶q̶u̶e̶r̶e̶d̶ g̶e̶n̶o̶c̶i̶d̶e̶d̶ went to America, they found gold to be an important item over there too. This is about equivalent to finding humans on Alpha-Centauri and learning that they think gold is a good store of value as well. Some people are puzzled at this: we don't even use gold for much! But it has great properties: First, gold is hard to fake and impossible to manufacture. This makes it good to ascertain payment. Second, gold doesnt react to oxygen, so it doesn't rust or tarnish. So it keeps value over time unlike most other materials. Last, gold is pretty. This might sound frivolous, and you may not like it, but jewelry has actual value to humans. It's no coincidence if you look at a list of the wealthiest families, a large number of them trade in luxury goods. To paraphrase Veblen humans have a profound desire to signal social status, for the same reason peacocks have unwieldy tails. Gold is a great way to achieve that. On the other hand, BTC lacks all these attributes. Its value is largely based on common perception of value. There are a few fundamental drivers of demand:
Means of Exchange: if people seriously start using BTC to buy pizzas, then this creates a real demand for the currency to accomplish the short-term exchanges. As we saw previously, I'm not personally sold on this one and it's currently a negligible fraction of overall demand.
Criminal uses: Probably the largest inbuilt advantage of BTC is that it's anonymous, and so a great way to launder money. Hacker gangs use BTC to demand ransom on cryptolocker type attacks because it's a shared way for an honest company to pay and for the criminals to receive money without going to jail.
Apart from these, it's hard to argue that BTC will retain value throughout some sort of economic catastrophe.
BTC is really risky
One last statement from Michael Saylor I take offense to is this:
“We feel pretty confident that Bitcoin is less risky than holding cash, less risky than holding gold,” MicroStrategy CEO said in an interview
"BTC is less risky than holding cash or gold long term" is nonsense. We saw before that BTC is more volatile on face value, and that as long as the Fed isn't run by spider monkeys stacked in a trench coat, the inflation is likely to be within reasonable bounds. But on top of this, BTC has Abrupt downside risks that normal currencies don't. Let's imagine a few:
A critical software vulnerability is found in the BTC codebase, leading to a possible exploitation.
Xi Jinping decides he's had enough of rich people in China hiding their assets from him and bans BTC.
Some form of bank run takes hold for whatever reason. Because BTC wallets are uninsured, unlike regular banks, this compounds into a Black Tuesday style crash.
Blockchain solutions are fundamentally inefficient
Blockchain was a genius idea. I still marvel at the initial white paper which is a great mix of economics and computer science. That said, blockchain solutions make large tradeoffs in design because they assume almost no trust between parties. This leads to intentionally wasteful designs on a massive scale. The main problem is that all transactions have to be validated by expensive computational operations and double checked by multiple parties. This means waste:
BTC was estimated to use as much electricity as Belgium in 2019. It's hard to trace where the BTC mining comes from, but we can assume it has a huge carbon footprint.
A single transactions is necessarily expensive. A single transaction takes as much electricity as 800,000 VISA transactions, or watching 50,000 hours of youtube videos.
There is a large necessary tax on the transaction, since those checking the transaction extract a few BTC from it to be incentivized to do the work of checking it.
Many design problems can be mitigated by various improvements over BTC, but it remains that a simple database always works better than a blockchain if you can trust the parties to the transaction.
The Four Horsemen - Signs of Incoming Crashes, and things.
Hey y'all! I'm going to keep this brief, but I was asked by Mr. October to post this, since I briefly described this on a discord we're both in. I do a ton of market analysis, mostly on alternative data, so I don't have cool superpowers potentially, but I do fancy myself a good trendspotter. I wanted to share what I call my Four Horseman metric in brief, and I will fill it in more later when I get back/free from the clutches of homework. The Four Horsemen:
Rapid plunge in BTC/USD - This is an interesting metric, and makes sense if you understand that BTC has evolved from a hedge to a speculation play, which is why it arguably moves in lockstep with SPY most days. However, an interesting property I and many others have noticed is BTC seems to be a leading indicator of market movements, and rapid climbs/plunges tend to signal an incoming correction. See the chart on September 2nd, 2020 for an example.
NOPE_MAD >= 3 End of Day: NOPE, or Net Option Pricing Effect, in principle looks at how dominant options flow trading volume is on the market compared to the more conventional shares volume. When the NOPE_MAD (median absolute deviation) compared to the previous 30 days is 3 deviations higher than normal, this means a red day the next day about 88% of the time (backtested to Mar 2019). You can check NOPE_MAD intraday here - https://thenope.info/nope/default/charts/SPY/2020-10-13 (the URL changes per day, so tomorrow will be 2020-10-14)
The VIX rising with SPY - This usually is part of the parabolic phase, and means a metric fuck ton of calls are being written, which is pushing up option prices across the board. Usually VIX is a measure of downies-volatility, so when it and SPY both go up, it's a Very Bad Thing. Also see September 2nd, 2020.
Small Tech/Caps Leading Big Tech/Caps - This is a more interesting metric, and only makes sense when you understand what causes a Minsky Moment style correction (irrational exuberance). In a stable market, big caps tend to act as a source of strength/safe harbor, and when small caps are leading, this tends to signal intense bull mania, which usually precedes a correction.
Microsoft going up parabolically - Microsoft is our favorite boomer stock for a reason - it is much more stable than AMZN or AAPL, and doesn't like large movements. I noticed anecdotally this year that right before all the big tech corrections (3-5 days out) MSFT goes up exponentially, often more than the rest of the market, because smart money is looking for safe harbor.
I'd be happy to answer any questions later! Edit: Wanted to add some stuff given the comments below.
I did not write this to predict a crash based on today's behavior, but to generally inform about a metric I use to detect Minsky Moment style crashes. For more info on that - https://en.wikipedia.org/wiki/Minsky_moment
Lots of these indicators are new, and due in large part due to the relative fuckiness of the current market. Bitcoin and SPY did not track until this year, and I only noticed the Microsoft effect I mentioned since about 6/5 onwards. This likely also happens in other boomesafe stocks, but MSFT is by far my largest active trading position, hence why I noticed it.
I will be adding a post soon specifically dedicated to the interpretation of NOPE and NOPE_MAD.
US OFAC issues advisory: ransom payments for ransomware may involve felony charges and personal civil liability for staff.
Under the authority of the International Emergency Economic Powers Act (IEEPA) or the Trading with the Enemy Act (TWEA),9 U.S. persons are generally prohibited from engaging in transactions, directly or indirectly, with individuals or entities (“persons”) on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), other blocked persons, and those covered by comprehensive country or region embargoes (e.g., Cuba, the Crimea region of Ukraine, Iran, North Korea, and Syria). Additionally, any transaction that causes a violation under IEEPA, including transactions by a non-U.S. person which causes a U.S. person to violate any IEEPA-based sanctions, is also prohibited. U.S. persons, wherever located, are also generally prohibited from facilitating actions of non-U.S. persons, which could not be directly performed by U.S. persons due to U.S. sanctions regulations. OFAC may impose civil penalties for sanctions violations based on strict liability, meaning that a person subject to U.S. jurisdiction may be held civilly liable even if it did not know or have reason to know it was engaging in a transaction with a person that is prohibited under sanctions laws and regulations administered by OFAC.
Sauce Here: https://home.treasury.gov/system/files/126/ofac_ransomware_advisory_10012020_1.pdf OFAC Sanctions list here: https://sanctionssearch.ofac.treas.gov/ Analysis: Both TWEA and IEEPA carries Criminal and Civil penalties, so under these acts they can fine the company, fine staff directly, or press criminal charges. We know the US Government as part of both the 5 eyes agreements and domestic bank monitoring programs under FACTA monitors all international wire transfers. Bitcoin and other cryptocurrencies generally leave a paper trail that can be traced back to who purchased the currency. What I expect to start happening here is most CFO's are going to write off the cost of the ransom as a tax deduction which tips off the IRS that a ransom of some kind was paid. I expect the next step is the IRS is going to start asking for additional proof of payment and additional information about the cases. That puts CFO's in a bind, because I expect both the IRS, and federal courts, won't let it fly that you didn't know who you were paying money to under the TWEA. They'll sit on the data, and when eventually an APT Group gets compromised, they'll trace the payments back via said tax records. At that point, if your org paid under this, that data gets used to open up a search warrant and then they rip you a new one especially if the payment was substantial. The bigger issue here is it opens up tremendous liability for security services firms and insurers who pay ransoms on behalf of clients or advise clients to pay ransoms. Now is a good time to review your backup strategy and ensure you have tested backups that are isolated from your infrastructure. For those of you with your hands tied behind your back, now is a good time to gently remind your management staff, and especially the CFO if you have their ear, that they cannot rely on the renound cryptographic competence of our eastern european bretheren, and that their worst-case risk is a determined remote attacker and adversary of the US infecting your network, destroying the data while making it look like a ransomware attack, selling you worthless encryption keys to fund their operation before flaunting the fact they took you for a fool with a press release taking credit for the attack to tip off state government you paid them in order to further disrupt the company operations via putting your talented technical staff or c-suite staff in handcuffs and injuring your PR. To those of you in the business who are afraid of being scapegoated or in a tenuous situation, getchu some evidence tape and some tags, some vanilla envelopes and a glue stick. Print 2 copies, put one copy in a folder, seal it with evidence tape and a tag, then use your handy glue stick to adhere the other vanilla folder to its back and put the 2nd copy in so you can review the paperwork without breaking the evidence seal and shove that sucker in a fire proof safe or safety deposit box. Also, Mailstore home is free. TL;DR: If your company is attacked by ransomware, tell the management only facts of the occurance you know, what you can and cannot do for them, and don't advise them of anything upto and including getting a security services firm involved. I wouldn't even tell them paying the ransom might work. If you're going to have a verbal conversation, make it a one-on-one. Happy Saturday all!
If you need help or you're New to roms and emulation these are some tips
First thing first You need an Emulator i suggest RetroArch is a Newbie Friendly good all in one emulator this is a video to how to setup and use ReTrOaRcH OpenEmu FOR MAC USERS THAT WILL NOT USE RETRO ARCH BECAUSE IT'S NOT ENOUGH LOOKING LIKE MAC UI OR THEY HAVE AN OCD OR something like that it's good anyways ( i didn't use it bc i'm not a mac user ) 🕿︎♋︎◻︎◻︎●︎♏︎ ◻︎❒︎□︎♎︎◆︎♍︎⧫︎⬧︎ ♋︎❒︎♏︎ □︎❖︎♏︎❒︎◻︎❒︎♓︎♍︎♏︎♎︎✆︎ and a download Manger Jdownloader ( download the jar version ) A photo to explain what to download (don't download the .exe version it has an adware in it ) or idm u can trial reset with this a torrent clients (credits to Piracy wiki)
Transmission - Simple and lightweight open-source torrent client
qBittorrent - Open-source torrent client. Has a built-in search feature that searches popular public trackers. Consistently updated
second you need sources to download roms these are the best sites + some tips sites : ziperto No intro romset ( you can download it directly without a torrent you CAN FROM HERE ) (If you don't want to download the whole romset for the system press view content ) AlvRo's Collection Vimm's Lair The Eye GamesTorrents ( of course if u can torrent ) MEGA-ROM N(itro)blog THE MEGATHREAD RomsUniverse MOBAsuite IDK?? A WIKI FOR ROMpacks????? The Old Megathread idk why u need it A guy who uploaded some roms but he didn't get attention ROMstorge ( idk how to use this site ) Roms WIKI Another ROMs site Edgeemu EmulatorGames ( the name is baaaaaaaad ) ROMsDownload WoW Roms cdROMance Startgame ( wtf is this name ) Retrostic ROMulation If u Want to Check if the site is safe go to here and comment ur site url Tips : Tip #1 : If you're in a country that hate piracy like USA or Germany ( i think Germany have dmca or something ?? idk ) etc. stay away from torrent and stay away from http sites ( download Https Everywhere extension and enable encrypt all sites eligible option by pressing on the icon of https everywhere ) even if your browser included with it . because it will warn you if the site is http... Tip #2 : FBI will not raid your house ( because fbi will not waste there time on you ) Tip #3 : https is your best friend because it's encrypted that means if you go to a https roms site your isp will see (random numbers and letters) .com/.net/.org/.to/.site etc. Tip #4 : install an adblock i suggest Ublock Origin Tip #5 : install a pop-up blocker if you have a chromium based browser like Brave, Chrome, New Edge etc. i suggest this ( if you know a better one please give me the link ) poperblocker Tip #6 The MegaThread is your OTHER BEST FRIEND if you want an rom head to the megathread and press ctrl + F and search ;) Tip #7 DON'T DO NOT OPEN ANY ANY ANY .MSI .EXE/.DMG/.DEB or ANY OTHER FILE THAT you CAN OPEN WITHOUT AN EMULATOR THE FILE IT'S 2000% A VIRUS ( EXCEPT WHEN you DOWNLOAD RETRO ARCH [ or any other emulator OF COURSE ] ) AND DON'T OPEN .BAT FILES IT CAN DELETE SYSTEM32 FILE AND IT'S ONE OF THE MOST IMPORTANT FILES IN WINDOWS Tip #8 Emulating is Legal but Downloading ROMs is ILEGAL ( OF COURSE IF you're LIVING IN A COUNTRY THAT DMCA IS A HOLY THING ) ;-) Tip #9 If you're suspicious of a file u can scan it on VirusTotal or Hybird Analysis ( you need to upload the file because it will open it on a vm in there sever ). Tip #10 I recommend using a controller if you have a xbox controller just connect it to your pc and you're good to go BUT if you have a dualshock controller (ps controller ) use DS4 Windows ( if you have a windows pc ) ( I Know it's the fork bc the og creator stopped working on it in 2016 or somthing like that ) or any other controller . Tip #11 If you download a rom and it came in .rar .zip .7z .r001( if the rom came with multiple files like .r001 .r002 .r003... you need to extract just a one file) etc. you can use 7-ZIP or Winrar ( don't worry 40 days trial doesn't end ). Tip #12 if the rom came in this order rom.rar.exe don't think to open it and if you hide the extension file from showing from the file name it will show like rom.rar but it's actually a .exe or .dmg etc. Tip #13 if you have a linux pc or a mac that doesn't mean you will not get infected even Temple OS have malwares ( if you don't what's a malware is just search ). Tip #14 if u tired of link shorters and etc. use universal Bypass Tip #15 Some good emulators : Dolphin a wii and gamecube emulator ( check the compatibility list to check if the game work ) Citra 3DS emulator ( check the compatibility list to check if the game work ) BSNES HD beta if u want to play snes games on HD PCSX2 the best ps2 emulator EPSXE a little bit old but it's good (ps1) DON'T use zsnes ( i guy on the comments said that ) RPCS3 PS3 ( check the compatibility list to check if the game work ) Xenia Xbox 360 ( check the compatibility list to check if the game work ) Cemu WiiU Emulator ( check the compatibility list to check if the game work ) a Decryptor for 3ds games if citra won't open the rom HERE DS DeSmuME (OLD) ( if u have a good ds emulator give me the link pls ) Project64 N64 DOSBox DOS emulator ( check the compatibility list to check if the game work ) IF U HAVE any other emulator pls link it in the comments <3 Tip #16 Romsmania CoolRoms etc. are NOT SAFE if you have any other tips share it =)
Bored? Looking for something to do? Start with this list of things to do in the Sacramento area.
(Credit for the below list has to be given to u/BurritoFueled, who created the original list in 2014 and updated it a year later. Almost two-thirds of the items below are still from that original list. All I’ve done with the list is revive it a little bit by updating dead links and making little tweaks when necessary. Also, thanks to those that submitted new additions to the list last week. Over a third of the below items are new and a lot of the original items have had newer information added onto them.) People are always looking for something to do around here. Maybe you’re a transplant, unaware of what this area has to offer, or maybe you’re a lifelong resident, tired of the same old thing. Well friend, if you fall into the latter category, do not despair. There’s actually plenty of things to do in the Sacramento area – things of interest to almost any lifestyle, personality, or budget. So, whether you’re an athlete, geek, eccentric, hipster, weirdo, sexual deviant or just a normal person looking for a new activity, below is a list of activities for you to try. Please note that it includes only activities that take place at least a few times a year – no one-off events or festivals here. Enjoy this list. If you have any suggestions of your own to add, comment below in this thread. I'll try to keep this as up to date as possible. Away we go. UPDATED 10-6-20 (Note: Due to the current pandemic, some of these activities may be curtailed or not offered at all.)
Become the next Tiger Woods (the golf part, not the cheating, getting your windshield smashed by your wife with one of your golf clubs part). Start by hitting up a driving range at Top Golf or Haggin Oaks.
Purchase the sweetest sweet corn in all the land at the Davis Ranch in Sloughhouse.
When you're done in Sloughhouse, head a little further up the Jackson Highway (just past Rancho Murieta), hang a left on Michigan Bar Road, and cross the bridge (it's safe, trust me!) for one of the most historic, beautiful, and adventurous road trips in the entire area. Make sure you bring a hearty vehicle and avoid during winter and spring.
Check out – or offer your services – at the Oak Park Fix-it Café, a community-powered gathering for repairing and maintaining bicycles, clothing, household items, and the ties that bind a healthy community.
Buy some tricks, attend magic workshops, and become the next David Blaine at Grand Illusions.
Go watch some horseracing at Cal Expo. It’s harness racing from November through April and then traditional horseracing during the state fair. Want to end up with small fortune at the end of your day at the track? It’s easy. Just start your day there with a large fortune.
Watch some high school football! The Sacramento region boasts some of the best high school programs in the state. Check out top notch teams like Grant, Elk Grove, Folsom, and Del Oro to see potential NCAA Division 1 and NFL players of the future.
Watch some college football! Sac State had a huge resurgence in 2019 and UC Davis has always had a solid program. You can also check out the JC teams such as ARC and Sac City.
If Live-Action Role Play (LARP) floats your boat, Sacramento Valley Amtgard has the battles, weapons workshops, and skills classes you've been looking for.
Take a ride on the Sacramento River Train. You can ride the train or power along the tracks yourself with railbikes. They have different train excursions, including beer tasting and wine tasting trips. If you want to book a trip on a weekend, book early.
Want to learn how to fish? Try Fishing in the City from the California Department of Fish and Wildlife. After you’ve learned, check out the blog from FishingBooker on where and when to go fishing and what to expect. For some recent local recommendations, check here, here, here or here.
If fishing tours are more your style, catch your lunch on a guided fishing tour of local waterways.
Take in a play at one of Sacramento's smaller, edgier, more contemporary community theatre companies, like the Big Idea Theatre.
Do you like beer and visiting breweries, but don’t like driving between them? Midtown Sacramento has got you covered! Make a day of it by visiting these breweries, all within easy walking distance of each other: At Ease, Sacrament, Big Stump, Golden Road, Fieldwork, and Alaro. If you don’t mind walking a few extra blocks, you can add Device and Urban Roots to the list.
Ever wanted to learn to sail, kayak or row? You’re in luck! The Sac State Aquatic Center offers lessons for those activities and more.
Antiquing never gets old, right? Visit Midway Antique Mall in Citrus Heights (focusing almost solely on midcentury wares), Antique Trove in Roseville, or the Antique Fair that happens every second Sunday on X Street, under the freeway.
Want to become the next Picasso? You gotta start somewhere, so take a paint and sip class at The Painted Cork in Midtown Sacramento or Historic Folsom.
It’s well known that you can play miniature golf at Scandia, but did you know that there are indoor mini golf courses in the area as well? Try SacMiniGolf in Old Sacramento, Flatstick Pub in DoCo downtown, or even glow-in-the-dark indoor mini golf at Monster Mini Golf in Rancho Cordova or at CaliGlo in Elk Grove.
The Sacramento Cactus and Succulent Society meets, and hosts a talk, at the Shepard Garden and Arts Center in McKinley Park monthly and welcomes guests. They also do field trips and their Annual Show and Sale is a must-see event for plant lovers.
Not to diminish the concert series at Fair Oaks Village Park, but when you hear "concerts in the park", everyone knows that is the Concerts in the Park series in downtown Sacramento. Live local and national acts perform on Friday evenings in the summer, and it’s totally free. If you’re not good with crowds you may want to give this a miss because it is packed!
Vacation or day trip so close, yet feel so far away, along the Delta. Rent a boat, jet skis, a cabin or camping spot, buy some bait and tackle, and/or eat out at various locations on the river.
Take a drive around the world’s smallest mountain range: the Sutter Buttes. You can actually drive around and hike the Sutter Buttes in the same day, however hiking is not free, you must do it as part of a guided group and you have to reserve a spot in advance.
Let's talk about 🚀🚀🚀🚀BRN BRN BRN 🚀🚀🚀BRN 🚀🚀BRN 🚀🚀BRN 🚀🚀?
I know BrainChip burnt many of you, RIP your butthole's, RIP Melvin - But this one's a reusable space-x rocket, returned to home for a quick refuel. Continue for a briefcase containing a DVD copy of the dark knight rises; Recent price action was just a speculative bubble, which is indicative of any disruptive tech and completely normal. Think Bitcoin, Tesla, ect ect. From a TA perspective, the bubble cycle looks complete as BRN begins to consolidate. A channel started forming prior to the 2020_Melvin_pump*TM and I expect SP to bounce around these levels until the next move in response to rumors/deals. https://preview.redd.it/4norp7pl8ds51.png?width=1980&format=png&auto=webp&s=1f8ca0b0165d39f50255255473deb2fd7c21463f IF BRN delivers a decent deal or two, which sentiment seems to agree that they will in 2021, we will most certainly return to $1 & probably beyond. WHY? FOMO is why. It drives sp particularly when a stock is a retail heavy small-cap. BRN's next move will be an explosive second wave of retail buying - google trends can help explain this position. Look at the search volumes for BRN compared to some of our fave meme's Search volumes for other small-cap meme boiz hardly register against BRN. Z1P & APT are comparable, however, what's important here is Market Cap.
Why does this matter? It takes much less $$ to move BRN, yet investor interest is on par with larger Stocks that are/have made big gains. As rumors begin to circulate soon re: new/next deals, BRN will spice up, and everyone who bought at the top will be dumb fucks and do it again. Bless your poor souls. TLDR; BRN is on the map, the recent pump was just a speculative bubble, if BRN delivers next year SP will explode. Be kind to yourself and buy before the daily "BRN 🚀🚀🚀🚀🚀🚀🚀" posts return.
They got me. That sub millionairemakers f***ing boomed me.
I figured Lebron James could word my excitement better than I can. Sometime earlier today I was changing my nearly 1 year old’s diaper when he started peeing in the floor. While he was squealing in excitement my phone started going off from reddit notifications. My first thought was “Jesus Christ reddit, I already know Steve Buscemi was a firefighter, I REALLY don’t need you to send it to me as a trending thread.” Once I checked my phone I was completely floored with the news. Trying to find the right way to say thank you has proven tough but I will do my very best. First off I want to thank Taco Bell. I don’t comment as much as I used to on reddit, back in the day I spent waaayyy too much time arguing with people on NBA or NFL. Then I had a kid and became one of those creepy lurkers. But the other day my stomach decided to throw hands with Taco Bell, and that gave me a few extra minutes to lurk, which is when I saw MM was back to drawing again. So in the words of Kawhi Leonard, THANK YOU. In all seriousness though I have spent the better part of the last day trying to figure out the best way to let you know about me, and what I’ll be doing with anything sent my way. I’m 28 years old. My wife and I have been together since we were 20, and a little under a year ago we had our first child, and it has without a doubt been the most incredible experience I’ve had in my life. He doesn’t like to sleep much, and HATES when you do, and he won’t stop crying until you play Purple Rain for him, but we love him so much that my wife is actually due with #2 here in the next few weeks. Which leads me to what I plan on doing with it. We never planned to have any kids, much less two. I actually think it’s because of the milk. We started having milk delivered and she started getting pregnant. Honestly though when you finally get a date night, the grandparents have the kid, and you’re having your first Corona in almost a year, sometimes you forget to take necessary precautions and bam, you’re a few weeks away from having TWO kids under 1. Losing half of your income for what looks like is going to be at least two months after C-section is hard. Fortunately we planned accordingly and saved for it. Unfortunately, life…uhh…..uhh…finds a way to not give a damn lol. So that’s what we’re going to do. We’re going to fix her car and try to make it through the birth of our baby girl! And if we get a kitchen table in the process then that wouldn’t be the worst thing! With all of that said I want to give thanks to all of you from the bottom of my heart. Thanks to those who are planning to contribute, thanks to those that have in the past, and thanks to those that are running this awesome sub. This doesn’t happen without each and every one of you, and I can personally say that it is impossible to describe just how incredible this is, and there aren’t enough words to show how grateful I am. My wife jokingly (I think) said I should let this sub name our baby, but I said no because “Jolly Rancher” isn’t going to look good on any job or college application. The best I can do is pass along something from my mother. I asked her once how she was able to go through rough patches in life with the same happiness that she has during the good times. She said that every night when she goes to bed, she asks herself “If I were to wake up tomorrow, and only had the things that I was thankful for today, what would I have when I woke up?”. I can say without a doubt that when I go through my list of things I’m thankful for tonight, I will be adding each and every one of you. Sincerely, Ascultone Winner #33 TL;Dr THANK YOU (Shoutout to Kawhi) UPDATE 1: Holy crap! The past 24 hours has been amazing. There are so many incredible people here that have sent donations, kind words, and great advice! The generosity of this entire experience will be something that gets me through for a very very long time. I tried for a long time to keep up with the comments and reply to each individual one but they came so fast I lost the battle lol. So if you haven't gotten a reply from me yet don't worry, I will get there as quick as I can. To all of the people sending such kind messages along with the donations on their respective sites/app I just want to say thank you. I have read each one so far and have yet to read one that didn't make me smile. So many people were asking for totals and stats so I'll update these as I go: Chaintip:$6.10 Tippr:$224.79 Square:$63.33 Handcash:$66.63 LTC:$19.85 GooglePay:$169 Bitcoin:$686.95 Doge:$4.95 Venmo:$2.00 There were a handful of people that asked me to post a Nano address so I'll do that here: xrb_1mf9ra95yf7eh8am5my7qh8cbdu49n5aozy6h79suhqobzcr9j9o59eoexcm And last but not least Paypal: $1033.46. So the grand total as of right now is: $2,277.06!! I cannot believe there have been so many people to donate. You guys are so awesome. There were so many who sent extra dollars for taco bell, kids, Corona etc. We had an anonymous bitcoin donation of about $510, and then the bitcoin cash guys sent $200. Both times I thought it was a glitch when I saw it. My wife has been in tears all morning, at one point she texted me "We're gonna name our girl Baby Mcbabyface and you're gonna have to get over it!" Obviously she was joking....right? Anyway, I'll continue to update as anything comes in. Again, I really can't say how thankful we are enough. Later tonight I'm gonna start getting into the comments I haven't hit yet, so keep your eyes out! And if anyone has baby girl names other than Baby Mcbabyface then I'll pass them along to the head of the naming department lol. Edit 2: We decided to take down my pay pal since it had my name in it.
[Spoilers S7] Here's what we know about the state of Earth before the bombs
Here's a compiled list of what Earth was like pre-apocalypse using details from the show. Jason Rothenberg has said if the prequel gets greenlit, he wants to implement a lot of flashbacks LOST style. These flashbacks may include references to the following:
In Monty's video message he said: "After sucking the Earth dry of oil, they [Eligius III] went looking for another planet to tap." [Episode 5x13]
This is presumably why Eligius I (unmanned), II (manned), and IV (prison labor) were sent to asteroids to mine for hythylodium, an incredibly efficient energy source. Hythylodium was used to power the Eligius III and IV missions. [Episode 5x03]
Other energy alternatives are used, such as solar energy (the field of solar panels Jaha and Murphy see in 2x14). And in 6x04, Ryker tells Raven the propellant they use for the motorcycles is "ethanol distilled from Earth corn."
During Josephine's flashback in Boston 2043, a man walks into a diner holding a mask, brushing dust off his shoulders. Josephine's friend also says "It's really dusty outside." You can see multiple people in the diner wearing masks around their neck. [Episode 6x07]
During Josephine's flashback, the guy that commits suicide mentions that she posted about going to a water-rationing protest. [Episode 6x07]
Gabriel says his mother's water was cut off in Colombia so the rich could water their lawns. [Episode 7x10]
On Callie's TV, a headline says "Yosemite National Park Burns". [Screenshot] Another headline says: "Deadly Heat Wave". [Screenshot] You can also hear the newscaster mention "above 110 degrees." [Episode 7x08]
On Callie's TV, a headline says "Russian Ankovirus Spreads". [Screenshot] The newscaster mentions the US has declared a public health alert. [Episode 7x08]
Becca says ALIE intends to kill 6.5 billion people to solve overpopulation. She's not trying to kill 100% of the population, so 6.5 billion is not the total population count. [Episode 3x16]
On Callie's TV, a headline says "World's 11 Billionth Child Born". [Screenshot][Episode 7x08]
This is abundant when we look at the technologies developed by just Becca and Eligius, such as large space ships, cryopods, sonic drills, brain chips, ALIE, nightblood, etc.
We also see hologram technology. In 2x16, Jaha first meets ALIE in hologram form. In 7x08, it's used as a telecommunication device when Callie speaks to her father and brother.
On Callie's TV, we see a headline "first human brain transplant successfully performed in Bangalore". [Screenshot] Another headline says "Dubai's Alpha Centauri Group debuts first orbital hotel". [Screenshot][Episode 7x08]
Becca Franko, The Tech Celebrity
She was born in 2025 and went to Harvard when she was 10 years old (2035). [Episode 7x08]
In 2043, she started making tech for Eligius at 18 years old. [Episode 6x01]
She owned her own company. We don't know the name of it but we do know it's corporate logo is an infinity sign and its motto is "Seek Higher Things". [Episode 3x07]
People idolized her. The newscaster on Callie's TV said she had "legions of devotees". In 6x07, Josephine had a magazine with Becca featured on the cover. In 7x08, Reese said "Don't mind my sister. She once dressed as you for Halloween."
She owned her own television network. The channel that Callie was watching on her TV has the infinity sign as its network logo. [Screenshot] The newscaster said "The reclusive billionaire and owner of this network made her last public appearance". [Episode 7x08]
On Callie's TV, a headline says "Stock Market Headed For A ..." and it's cut off. [Screenshot] There's most likely a recession going on and stock markets are crashing. You can also see bitcoin (BTC) is worth 4563.44 (half of what it is today). [Screenshot] Also, on top of the pandemic, huge advancements in AI and technology are most likely disrupting businesses and employment as well. [Episode 7x08]
On Callie's TV, we see a headline "Wyoming joins 32 other states in legalizing the recreational use of psilocybin mushrooms". Shrooms. [Screenshot][Episode 7x08]
Battles in U.S. Cities
The Battle of San Francisco was an armed conflict that Shaw recalls watching on TV as a child. During Diyoza's time in the military, she was one of the soldiers helping the evacuation of thousands of refugees. [Episode 5x07]
Resistance Groups & Terrorism
The United Liberation Army (ULA), was a terrorist group dedicated to fighting against the corrupt government that Diyoza became a part of after the military. The ULA was involved in many terror attacks, including an attack on the 4th of July, 2041 (which they took credit for) that killed 80 civilians in a plane bombing, and a suspected metro suicide bombing in Washington D.C., killing 19 civilians in 2042. [Screenshot][Episode 5x04]
Asteroid Mining Penal Colony
The Asteroid Mining Penal Colony was an off-world penitentiary on the asteroid Proxima 6 that used prison labor to mine for hythylodium. After her arrest in 2043 [Episode 6x07], Diyoza was transported to the colony on Eligius IV.
In 2047, she and the other prisoners learned they were to be abandoned on the asteroid due to getting sick from the hythylodium so they took over the ship, damaging one of it's engines and making the ship significantly slower. It would take 109 years to fly back to Earth. Had the engine not been damaged, it's possible Diyoza and the prisoners could've made it back to Earth before the bombs. [Episode 5x03]
This damaged engine can also explain why it took Eligius IV 75 years to travel to Sanctum, while Eligius III presumably got there in shorter time. [Episode 5x13]
Corrupt U.S. Government
Diyoza says to Clarke "When the fascist government tried to take my home, I wanted blood too." [Episode 5x03]
When Reese mentions Callie dropping out of MIT, she says "Refusing to take part in fascistic regimes is my thing." [Episode 7x08]
On Callie's TV, the newscaster says "... when riot police, on orders from the Wallace Administration, moved in to clear the extreme environmental group known as The Tree Crew." [Episode 7x08]
Callie: "Extreme? What a joke. We were there peacefully. They're the extreme ones."
Lucy: "Don't they know they're defending a system that hurts people like them?"
Callie: People want to believe their leaders are telling the truth, which is why we need to get back there and continue exposing their lies.
The US president at the time of the bombs was a Wallace. In Season 2, Dante says "I love you Cage, and there's been a Wallace in this office since the bombs but if I find out that you're lying there won't be one after me". So most likely the Wallace administration and their family were corrupt. They easily decided to do away with democracy in order to have complete control in Mount Weather. [Episode 2x06]
Russell says to Diyoza in 6x03 "Your face is in our history books next to Hitler and Bin Laden". Eligius took part in federal prison labor, so most likely they had close ties with the government. Fascist governments like to vilify their opponents through propaganda. Even though Diyoza was indeed causing violence, she was probably also used as a scapegoat by the government since she was against them. Even Gabriel said in 7x04, "She was a freedom fighter, not a terrorist".
On Callie's TV, the newscaster says "The 11 billionth baby was born in the Wayne County Internment Camp". Internment camps/concentration camps are "camps where persons are confined, usually without hearings and typically under harsh conditions, often as a result of their membership in a group which the government has identified as dangerous or undesirable." [Source]
On Callie's TV, a headline says "Congress's negotiations on economic relief funds at an impasse amidst violent riots ..." [Screenshot]
Cult Mentality & Conspiracy Theories
In 7x10, Gabriel says to Bill Cadogan "Earth was pretty terrible. But it's good for the cult business, am I right?"
According to this article, Bill grew up in poverty. And Jaha mentioned in 4x03 that Bill's father beat him frequently. Bill, a millennial, says in 7x10 that his first job was flipping burgers, dreaming of the day he'd escape. "There must be more to life than politics, the dying ecosystem, the memes." In times of economic hardship and social upheaval, it's easy for people to latch onto certain beliefs.
Callie says Bill's a vulture capitalist who "traded his precious credibility to become a prophet of doom". She also called him a cultural artifact thief. He found and stole the Anomaly stone from Machu Picchu and in 2042, he started studying it. [Episode 7x08]
It's unknown when Bill founded the Second Dawn, but we know a news article was written about them in 2042, saying that only those with lots of money could "unlock the twelve seals" since it required payments of over $10 million to the cult. [Episode 4x03]
That's what I got. If you spotted anything else from the show, feel free to share! :) Edit: Thanks everyone for the kind words and the awards! Also, thanks to clwrutgers for asking me to make this list.
It's Tipping Tuesday! - Main topic: upcoming Bitcoin Cash upgrade on 15 May!
It's Tipping Tuesday (FAQ link)! Today's main topic: The upcoming Bitcoin Cash network upgrade on 15 May! For newcomers: Welcome! Leave an insightful comment or a good question and receive a tip from our generous community! Put some effort in and you will be rewarded! I especially encourage those who've never received a tip to come forward! Small tips here are intended to let newcomers experience Bitcoin Cash for themselves. Your chance to receive a tip is better if your posting history speaks in favor of you being new to Bitcoin and curious / open-minded about trying it. For everyone who's done this before: Use any tipbot of your choice!   The bchtips bot has unfortunately been disabled, if you've used it in the past see the message on /bchtips. No set recommended minimum or maximum - tip as you think the comments deserve. For those who haven't read the Bitcoin whitepaper: https://bitcoin.com/bitcoin.pdf (alternative link: https://bitcoincash.org/bitcoin.pdf) Tipping bots:  /tippr (@tipprbot on Twitter)  /chaintip , http://www.chaintip.org Pros and cons of each tipping bot? I'm creating an info thread. Feel free to contribute, ask questions etc. Tipbot weather report: all clear, no reports of failure yet :) UPDATE Tue May 7 22:38:40 UTC 2019: taking a break, will check back later if there are any more who need tipping
Happy Tipping Tuesday! Now that this sub is the main Bitcoin sub in terms of activity, it's time for everyone to get some Education and some free Bitcoin. Post here and get free bits! Bitcoin Cash will defeat the legacy banking oligarch system!
As someone who cares about Liberty and freedom, I have instinctively understood the importance of Bitcoin for spreading economic freedom across the globe. Being sick of the legacy too-big-to-fail central bank fiat bailout scam systems where they print the money from thin air, I saw Bitcoin as a tool that can really liberate humanity and help us reach our ultimate potential. The fact is economic freedom improves this world, and the stakes are very large. We are fighting an oligarch banking system that prints money out of thin air, holding back humanity's potential with their scam system that only works to enslave and not liberate humanity. In the past people fought for liberty and gave their lives on bloody battlefields. Today we fight troll wars on social media, but the stakes are quite similar, if not multiplied in this new technological age. By supporting Bitcoin and Satoshi's vision of a worldwide honest cash system, its one of the only ways to help lift humanity up to our ultimate limitless potential. The oligarch's saw this threat which is why we are under heavy attacks. They stole Bitcoin and the ticker, and crippled the system with high fees, unreliable transactions, and Trojan horse tech, but Bitcoin Cash adapted, survived, and lives on as the common sense continuation of the money ledger. It turns out that its not so easy to stop an idea whose time has come. Bitcoin Cash is the true Bitcoin that follows Satoshi's vision of common sense and on-chain scaling. BCH is The Manifestation of the Honey Badger. Trolls will point to market cap and say BCH is losing and not the real Bitcoin. However they fail to understand the nature of the war we are fighting. Bitcoin is all about breaking oligarchy, as nChain's paper explains. We are fighting against a banker oligarch takeover of Bitcoin. Since they print money from thin air, they have us outgunned when it comes to market capitalization/price. This is what the trolls do not understand. To think that the oligarch bankers that control the money monopoly would not try to attack the Bitcoin system would be naive. It appears they have pumped the BTC-Core price to outrun Bitcoin Cash the real Bitcoin as soon as their trojan segwit tech was deployed. They likely will use segwit, strangled blocks, and Lightning Network as the strangler fig to usurp the system changing it to fiat legacy banking system 2.0. What they don't want people to realize is that Bitcoin was always the underdog against fiat systems. Just because they usurped the name and BTC ticker for their fiat 2.0 system it does not mean they are winning the war. Its a clever tactic sure, but BCH is still the #1 cryptocurrency by market cap in the world, they have shifted some shells around in trickery, but Bitcoin-BCH is still fighting as the underdog against the oligarchs as it always has. Not only this but the numerous problems in Lightning are acting as a bottleneck for development on Core. All this while BCH development is soaring with things like memo.cash, blockpress.com, cashshuffle protocol, chainbet protocol, SLP token protocol, colored coins, tokeda, and much more. Now that we have solved the scaling issue we can finally build again. All this while numerous services like Dell, Steam, Reddit, Rakuten, Stripe, Circle, Microsoft, Fiverr, Satoshidice, Changetip, Expedia, and many more stopped accepting Bitcoin Core, while Coinbase, Bitpay, coins.ph, satoshidice, tippr, purse.io, dark web all are adding BCH support. They thought they could use censorship to shut us up. But now we are seeing that free speech is more popular than censored cult subreddits. We are battling some powerful oligarch interests. But they have vastly underestimated the spirit of the Honey Badger. There is a reason there is so much COINTELPRO trolling and dirty tricks being done to Bitcoin Cash and its supporters. There is a reason they need to use vote manipulation, shaming and bullying tactics, censorship, and dirty tricks to try to get us to shut our mouths. The truth is they are terrified of Bitcoin Cash and Satoshi's vision, which is why they need to use such tactics. They are doing whatever they can to pen the Honey Badger up in sheer desperation and terror that it will soon break loose ripping them limb from limb and devouring them whole. I would like to mention that the recent turmoil in the BCH community over a November fork with different factions fighting each other is on a lot of people's minds. Some newbs may also be wondering about what is going on. They may be falling into the Fear Uncertainty and Doubt that is being pushed by a lot of Core trolls, as well as some genuine members of the BCH community. I would like to point out that these disputes are actually healthy. We don't want a system where one person or group controls things. We want a system where people are fighting for control. Its an economic incentive system with different factions competing. This is what keeps Bitcoin robust and was the genius of Satoshi's design. We don't need to worry about the troll wars because we have Nakamoto consensus as the whitepaper says:
They vote with their CPU power, expressing their acceptance of valid blocks by working on extending them and rejecting invalid blocks by refusing to work on them. Any needed rules and incentives can be enforced with this consensus mechanism"
You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments. It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Limited Supply - There will only ever be 21,000,000 bitcoins created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
Accountable - The public ledger is transparent, all transactions are seen by everyone.
Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.
Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.
Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoins reside has the authority to move them.
Low fee scaling - On chain transaction fees depend on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view current fees here and mempool activity here. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.
Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.
Portable - Bitcoins are digital so they are easier to move than cash or gold. They can even be transported by simply memorizing a string of words for wallet recovery (while cool this method is generally not recommended due to potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for new users due to ease of use and additional security).
Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage. Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".
Securing your bitcoins
With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email! 2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".
Where can I spend bitcoins?
Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out. If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.
Just like any other form of money, you can also earn bitcoins by being paid to do a job.
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.
The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
one bitcoin is equal to 100 million satoshis
1,000 per bitcoin
used as default unit in recent Electrum wallet releases
1,000,000 per bitcoin
colloquial "slang" term for microbitcoin (μBTC)
100,000,000 per bitcoin
smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki. Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit. Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval. Welcome to the Bitcoin community and the new decentralized economy!
History of Bitcoin cryptocurrency.Bitcoin is a decentralized cryptocurrency created in 2008 by the pseudonymous Satoshi Nakamoto.This account resumes the whole history of Bitcoin since 2008 to 2017 and 2018.. On 18 August 2008, the domain name bitcoin.org was registered.. Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic ... Bitcoin Mining ist der Prozess des Hinzufügens von Transaktionsdatensätzen zu Bitcoins öffentlichem Hauptbuch vergangener Transaktionen. Dieses Hauptbuch früherer Transaktionen wird Blockchain genannt, da es sich um eine Blockkette handelt. Die Blockchain dient dazu, zu bestätigen, dass Transaktionen mit dem Rest des Netzwerks stattgefunden haben. Bitcoin-Knoten verwenden die Blockchain ... Bitcoin is a peer to peer electronic cash system created by Dr. Craig Wright under the pseudonym Satoshi Nakamoto. It was first detailed in the Bitcoin Whitepaper in October 2008, and the source code was released in January 2009. The Bitcoin ledger and Block chain were established with the generation of the Genesis block on the 3rd of January 2009 and the mining of Block 1 six days later on ... Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: transaction management and money issuance are carried out collectively by the network. The original Bitcoin software by Satoshi Nakamoto was released under the MIT license. . Most client software, derived or "from ... Bitcoin (inoffizielle Abkürzung BTC) ist ein Open-Source-Softwareprojekt für die gleichnamige digitale Währung auf Peer-to-Peer (P2P) Basis, das 2009 von Satoshi Nakamoto ins Leben gerufen wurde. Über sogenannte Bitcoin-Adressen kann Geld anonym von einer Wallet-Datei (engl. Geldbörse) bzw. einem speziellen Service über das Netzwerk an andere Adressen überwiesen werden. Im Gegensatz zu ...