Bitcoin - Overstock.com

SwC Poker: #1 Bitcoin Poker Site

SwC Poker is the largest Bitcoin online poker site in the world.
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research-chemical

our factory is in china , is the biggest factory . supply all kinds of research chemicals with the best quality and lowest price welcome to inquiry us my email :[email protected]
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Litecoin news and discussion

This subreddit exists to openly discuss [Litecoin](https://litecoin.org). Read the [comparison](http://litecoin.info/Comparison_between_Litecoin_and_Bitcoin) between Litecoin and Bitcoin.
[link]

Zimbabweans Turn to Bitcoin After Govt. Halts Mobile Payments & Stock Trading

Zimbabweans Turn to Bitcoin After Govt. Halts Mobile Payments & Stock Trading submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

Bitcoin: Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines, One-Third of Institutions Have Invested in Crypto Says Fidelity, German Stock Exchange Will List Bitcoin ETP, How Bitcoin Fits Into Lebanon’s Banking Crisis / Biweekly update 1st June — 14th June

Bitcoin: Coca-Cola Distributor Offers Bitcoin Payment Options for Aussie Vending Machines, One-Third of Institutions Have Invested in Crypto Says Fidelity, German Stock Exchange Will List Bitcoin ETP, How Bitcoin Fits Into Lebanon’s Banking Crisis / Biweekly update 1st June — 14th June submitted by paradigmfund to Paradigm_fund [link] [comments]

Steve Patterson: "Awesome tech on Bitcoin Cash: trivially easy dividend payments! When I wrote "What's the Big Deal About Bitcoin?", I envisioned stocks being issued on the blockchain, and this is the tech that can do it. Once legal issues are solved, this is the future."

Steve Patterson: submitted by Egon_1 to btc [link] [comments]

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban submitted by benperrin117 to BitcoinCA [link] [comments]

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban submitted by benperrin117 to Bitcoin [link] [comments]

Bakkt Bitcoin Problem | Cardano Payment Gateway Live | ZCOIN | Skrill | London Stock Exchange | BTC

Bakkt Bitcoin Problem | Cardano Payment Gateway Live | ZCOIN | Skrill | London Stock Exchange | BTC submitted by Bizzle1407 to Bitcoin [link] [comments]

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban | from BTC Sessions

Canada: BTC on Stock Market Soon | Bitcoin Black Friday | Russia Eyes Crypto Payment Ban | from BTC Sessions submitted by FluidAttitude to btc [link] [comments]

Steve Patterson: "Awesome tech on Bitcoin Cash: trivially easy dividend payments! When I wrote "What's the Big Deal About Bitcoin?", I envisioned stocks being issued on the blockchain, and this is the tech that can do it. Once legal issues are solved, this is the future."

submitted by vegasbooty to Cryptoandme [link] [comments]

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks submitted by benperrin117 to Bitcoin [link] [comments]

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks submitted by benperrin117 to BitcoinCA [link] [comments]

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks

IMF Makes Case For Bitcoin | Amazon Lightning Payments | BTC Outperforms Stocks submitted by benperrin117 to CryptoCurrency [link] [comments]

I can't wait until the time every store will have this cryptocurrencies as a form of payment of stocks and goods, it's gonna make life easier and save us from stress. /r/Bitcoin

I can't wait until the time every store will have this cryptocurrencies as a form of payment of stocks and goods, it's gonna make life easier and save us from stress. /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

I can't wait until the time every store will have this cryptocurrencies as a form of payment of stocks and goods, it's gonna make life easier and save us from stress. /r/Bitcoin

I can't wait until the time every store will have this cryptocurrencies as a form of payment of stocks and goods, it's gonna make life easier and save us from stress. /Bitcoin submitted by cryptoallbot to cryptoall [link] [comments]

Mrzelda's New and Improved Cheap Genning Service! Ditto Breeding Kit, Event genning, Cloning, and more!(Now Accepting Bitcoin as Payment!) (Back To School Specials!) NEW JPN Redemption Service! (Pokescrap Pokemon in stock now!)

[Hacked]
Hello and welcome to my new and improved genning service. I Have done some Experimenting and have a fast & Efficient method of cloning! There will also be more info for faster navigation and Pokemon Information!
Thank you for your patronage. :)
I accept these payments
Paypal
Bitcoin
Pricing
  • Pokegenning I can gen any kind of compettetive, or casual pokemon Of Your Choice! A team of pokemon genned would Cost 3.50$ USD! A single Pokemon Genned is 0.70$USD Legendary 0.85$ USD
Special Buy 2 teams get one free!
pokegen format
*Pokemon - *Nickname - *Gender - *level - *Shiny - Yes or No *Ability - *Nature - *Caught Pokeball - *Held Item - *Move 1 - *Move 2 - *Move 3 - *Move 4 - *OT - *OT Gender - *TID - *Met as - *Game met in - *Pokerus - Infected - Cured - Unexposed *Ev Spread(510 max) *Iv Spread - 0|0|0|0|0|0| 
  • Ditto Breeding Kit This service gives you almost a box full of Shiny JPN Pokerus Ditto With all natures and perfect IV Spreads! This is reccomeneded if you love to breed competetive pokemon! 4$USD Most Popular Special Buy 2 kits get one free!
  • Special Pokemon Service this Service specializes in genning special pokemon such as pokemon Colloseum pokemon. One Gen is .95$
  • Event Genning This area Specializes in Event genning, where you can pick up events you have missed! 2.00$ USD Click Here For some events!
If the list does not have the event you are looking for, just ask, i have a large event database :)
Special Buy 3 event pokemon get 2 free!
  • Cloning I have a very efficient way of cloning, it is called TEA (Trading Is Excessive) 0.10$
  • Editing I have a very efficient way of editing, 0.15$ Per Edit
  • JPN Code Redemption service I will be using a region changed 3ds to redeem your jpn codes! 1.50$ Per code!
Here is My info!
Reference Page Flair Hq
submitted by Mrzeldaootfan to Pokemonexchange [link] [comments]

Mrzelda's New and Improved Cheap Genning Service! Ditto Breeding Kit, Event genning, Cloning, and more!(Now Accepting Bitcoin as Payment!) (Back To School Specials!) NEW JPN Redemption Service! (Pokescrap Pokemon in stock now!)

[Hacked]
Hello and welcome to my new and improved genning service. I Have done some Experimenting and have a fast & Efficient method of cloning! There will also be more info for faster navigation and Pokemon Information!
Thank you for your patronage. :)
Update
Now Accepting Bitcoin as payment!
Pricing
  • Pokegenning I can gen any kind of compettetive, or casual pokemon Of Your Choice! A team of pokemon genned would Cost 3.50$ USD! A single Pokemon Genned is 0.70$USD Legendary 0.85$ USD
Special Buy 2 teams get one free!
pokegen format
*Pokemon - *Nickname - *Gender - *level - *Shiny - Yes or No *Ability - *Nature - *Caught Pokeball - *Held Item - *Move 1 - *Move 2 - *Move 3 - *Move 4 - *OT - *OT Gender - *TID - *Met as - *Game met in - *Pokerus - Infected - Cured - Unexposed *Ev Spread(510 max) *Iv Spread - 0|0|0|0|0|0| 
  • Ditto Breeding Kit This service gives you almost a box full of Shiny JPN Pokerus Ditto With all natures and perfect IV Spreads! This is reccomeneded if you love to breed competetive pokemon! 4$USD Most Popular Special Buy 2 kits get one free!
  • Special Pokemon Service this Service specializes in genning special pokemon such as pokemon Colloseum pokemon. One Gen is .95$
  • Event Genning This area Specializes in Event genning, where you can pick up events you have missed! 2.00$ USD
Special Buy 3 event pokemon get 2 free!
  • Cloning I have a very efficient way of cloning, it is called TEA (Trading Is Excessive) 0.10$
  • Editing I have a very efficient way of editing, 0.15$ Per Edit
  • JPN Code Redemption service I will be using a region changed 3ds to redeem your jpn codes! 1.50$ Per code!
Here is My info!
Reference Page Flair Hq
submitted by Mrzeldaootfan to Pokemonexchange [link] [comments]

The principles I learned in 7 years here

I've learned a lot by surfing these subs. I internalized it and am really happy with where I am. I wanted to take a minute to pay it forward and distill what I've internalized into first principles.
First, a bit on my background. I was always interested in being FI and know that money doesn't equal freedom, but it is an aspect of freedom (if nothing else, freedom from worrying about meeting basic needs). I was saving heavily in my mid 20's but was also working for a nonprofit. I was saving 50% of my income but it honestly wasn't amounting to all that much.
I wound up spending about a year teaching myself data science before and after work. I was really motivated by the field and, luckily for me, it turns out to be quite lucrative. I also started skydiving. That meant moving to a shared 1 bedroom apartment with somebody I butted heads with so I could afford it and not overly sacrifice savings goals. That was a tough call because skydiving is expensive, but it also made me much more risk tolerant and a generally happier and less reactive human. Skydiving taught me that most of my fears were unfounded (evolution predisposes you to fear more than you have to) so I geared up for a big life change.
When I was good enough at data science, I quit my job in the nonprofit and moved to San Francisco to do a 3 month bootcamp program. Everybody thought I was nuts. That drained my savings virtually down to the last dime (with no debt though). I got my first job in the industry making very little money in a role where I would learn a lot. I loved it and got a promotion in (I shit you not) 2 weeks of being on the job. That was my first 6 figure income.
Zoom forward four years and I'm at a major company with a significant equity stake, financially comfortable, and having just bought a home. Not quite yet FIRE but getting close depending on how my company stock does.
Obviously everybody's path is different. But principles are more universal. With all that, here are the main principles that lead to my success:
  1. Find the global maximum. I was top of my game in that nonprofit with a relatively good income and title, but I was growing unhappy and knew I wouldn't make my longterm goals. It was a tough call to quit, drain my savings, and move. But I did it and now I feel like I'm in a global personal maximum for life satisfaction, earning, etc. This means longterm thinking
  2. Stay balanced. I almost burned myself out on FIRE multiple times. I started seeing everything as costs. Be scrappy on everything but what makes you most come alive. That's crucial for longterm motivation
  3. The best investments are always in yourself. Active recovery, eduction, socializing, etc. are the best investments you can make. They're bad investments on the short term but great on the longterm
  4. Save on housing until you're ready to purchase a home. My rule was that I'd live with roommates until I had enough for a down payment. When covid happened, I decided I wouldn't buy a place until the market rebounded so I let my investments sit until they rebounded, sold, and purchased a home. Most people lose too much money on housing
  5. Never pay interest. This is an exaggeration but it's the biggest lifetime expense for more people. I pay some interest but both my small car loan and mortgage are below 3% interest. That means, with inflation, my money is likely better in the stock market than paying back those loans. So apart from that interest, I've been lucky enough to manage to avoid it like the plague
  6. Take risks and experiment. Most people are way too risk adverse, scared to place strategic bets. I've lost a lot of money on risky things but have gained so much more in experience. Spending thousands on bitcoin miners in the early days while on a shoestring budget? Lost a lot on that. But it resulted in learning an appropriate way to buy crypto and the net effect was many more thousands of dollars in gains
  7. Have mentors/models. If you don't do this explicitly, you default to modeling your behavior on whoever is around you. Think of who your top models for behavior are (financial, relationship, etc) and figure out what makes them tick. For me it was Mr. Money Moustache, some abundance-oriented technology thought leaders, and some anti-consumer friends who were militant about how owning things doesn't make you happy
  8. Don't defer pleasure. I came to realize that many of my thoughts on retirement were quite Catholic (thanks, dad). In other words, I was deferring pleasure until retirement like my Catholic father was deferring pleasure until the afterlife. Be fiercely present and enjoy today. Finances are only one part of life satisfaction
  9. Have an abundance and growth mindset. Most people think of money as a scarce resource. It's not. Anybody can generate it given enough time and effort. Think big picture and work incrementally towards it rather than accepting the career progression of your peers or employer. Most people underestimate how much employers will recognize a strong sense of drive and personal responsibility
  10. Change is necessary. For the Buddhists, that's the source of all suffering. Do we want to sacrifice the mediocre reality today for the option of a better reality tomorrow? Most people are so change and uncertainty adverse they can't adapt to more beneficial situations. Being open and curious and optimistic about change is necessary, otherwise the mediocre today seems like a better bet or you'll change and then quickly regress. The opportunity cost for change is whatever situation you currently find yourself in. Make sure you're ok with this and have the confidence to course correct if you get in over your head
TL;DR - Reality is malleable. You can achieve whatever you want as long as you take a step back, strategize, and then kick some ass. If you adopt some principles and play the long game, you'll ace this whole life thing
Edit: Glad this got so much attention. I feel like I've paid forward the mindset and benefits this sub helped me create. Thanks for being part of that!
submitted by Liquid_Subject to financialindependence [link] [comments]

Mrzelda's New and Improved Cheap Genning Service! Ditto Breeding Kit, Event genning, Cloning, and more!(Now Accepting Bitcoin as Payment!) (Back To School Specials!) NEW JPN Redemption Service! (Pokescrap Pokemon in stock now!)

[Hacked]
Hello and welcome to my new and improved genning service. I Have done some Experimenting and have a fast & Efficient method of cloning! There will also be more info for faster navigation and Pokemon Information!
Thank you for your patronage. :)
I accept these payments
Paypal
Bitcoin
Announcement
In the new sun& moon trailer it appears that regular form pokemon will evolve into Alolan form pokemon, for instance CuboneAlolan Marowak. So for those preparing for sun and moon and are thinking of ordering shiny pokemon for it keep that in mind. Just a little advice ;)
Pricing
  • Pokegenning I can gen any kind of compettetive, or casual pokemon Of Your Choice! A team of pokemon genned would Cost 3.50$ USD! A single Pokemon Genned is 0.70$USD Legendary 0.85$ USD
Special Buy 2 teams get one free!
pokegen format
*Pokemon - *Nickname - *Gender - *level - *Shiny - Yes or No *Ability - *Nature - *Caught Pokeball - *Held Item - *Move 1 - *Move 2 - *Move 3 - *Move 4 - *OT - *OT Gender - *TID - *Met as - *Game met in - *Pokerus - Infected - Cured - Unexposed *Ev Spread(510 max) *Iv Spread - 0|0|0|0|0|0| 
  • Ditto Breeding Kit This service gives you almost a box full of Shiny JPN Pokerus Ditto With all natures and perfect IV Spreads! This is reccomeneded if you love to breed competetive pokemon! 4$USD Most Popular Special Buy 2 kits get one free!
  • Special Pokemon Service this Service specializes in genning special pokemon such as pokemon Colloseum pokemon. One Gen is .95$
  • Event Genning This area Specializes in Event genning, where you can pick up events you have missed! 2.00$ USD Click Here For some events!
If the list does not have the event you are looking for, just ask, i have a large event database :)
Special Buy 3 event pokemon get 2 free!
  • Cloning I have a very efficient way of cloning, it is called TEA (Trading Is Excessive) 0.10$
  • Editing I have a very efficient way of editing, 0.15$ Per Edit
  • JPN Code Redemption service I will be using a region changed 3ds to redeem your jpn codes! 1.50$ Per code!
Here is My info!
Reference Page Flair Hq
submitted by Mrzeldaootfan to Pokemonexchange [link] [comments]

Now get 20% off when you Buy Vape with Bitcoin and get free shipping with all payment methods. We also have Trezor Bitcoin Hardware Wallets in stock while supplies last!

Now get 20% off when you Buy Vape with Bitcoin and get free shipping with all payment methods. We also have Trezor Bitcoin Hardware Wallets in stock while supplies last! submitted by bitbybitcrypto to Bitcoin [link] [comments]

ShinyBars.com | We have a decent stock of silver (& gold) and offer several payment options including bitcoins! Please visit us and offer your comments.

ShinyBars.com | We have a decent stock of silver (& gold) and offer several payment options including bitcoins! Please visit us and offer your comments. submitted by shinybars to Silverbugs [link] [comments]

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:
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:

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:
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.
submitted by VodkaHaze to badeconomics [link] [comments]

PayPal is shilling crypto on the internet - Censor-resistant money, censored.

PayPal is shilling crypto on the internet - Censor-resistant money, censored. submitted by SenatusSPQR to CryptoCurrency [link] [comments]

Store Opening Information

Please read the Terms and Conditions. We may not respond to emails asking questions that were explicitly stated in the T&C.



US Store - Friday October 23, 2020 – 10 AM Mountain Time (MT)
Canadian Store - Saturday October 24, 2020 - 12 PM Eastern Time (EST)
UK/WW/EU - TBD - Store is waiting on a restock of freebies. Expect the store to open in the next two weeks.

Terms and Conditions
Please be aware that USPS and Canada Post is still experiencing some shipping delays. Please allow up to 21 days for shipping, even when using priority mail service.
To deal with continued shipping delays we have decided to limit the amount of orders we take through the store. Our hope is that this will allow us to process orders in a timely manner, but also have the bandwidth to follow up with customer service issues that could result from extended shipping delays. The store will close when we hit our order limit, this does not mean all items are sold out. In the past we have hit this order limit in the first few hours of store opening, so be sure to place your order as quickly as possible.
We will open the store again when all orders have processed, and shipping issues have been dealt with. In the meantime, you can order from several Seed Banks that have our stuff in stock! > https://www.mephistogenetics.com/stockists/usa-distributors
  1. The payment methods available for this event are limited to Debit/CC and Bitcoin. Info about payment methods - https://www.mephistogenetics.com/info/payments
  2. Please allow 15 BUSINESS days for your order to process and ship. An order status of processing means your payment has been approved and is awaiting shipment. You will receive a tracking email once your order has shipped. Orders will ship out in batches every day, but it may take up to 15 BUSINESS days for your order to be processed.
  3. Orders are processed on a first come, first served basis, first paid first shipped basis.
  4. Please take care when placing your order, we are not able to add on/remove items or make other changes to your order. All sales are FINAL.
  5. Please double check your address, confirm the street, unit # and postal code is correct before going through with the order. We ARE NOT accountable for missing orders if the address provided is incorrect.
US Stock List
Reserva – Double Grape, ManBearAlienPig, Toofless Alien
Medical – Canna-Cheese 1:1
Originals –Sour Crack
Artisnals – Livers bx1, Orange Diesel (Limited Restock), 3 Bears OG, Crème De La Chem, Northern Cheese Haze, Skywalker, Sour Stomper, Fugue State
Merch – 2019 Strain Sticker Pack, Mephisto Swag Pack, Stealth Piggy Pin, Crest Piggy Pin
US Freebies - Heisenberg x 3BOG, Stilton x 3BOG, (SS x CDLC) x Forum, (CDLC x 3BOG) x Sour Stomper, MBAP x 3BOG, 3BOG x Sour Bubbly

Canada Stock List
Reserva – Double Grape, ManBearAlienPig
Originals –Toof Decay (only 7 packs)
Artisnals – 3 Bears OG, Crème De La Chem, Forum Stomper, Fugue State, Livers Bx1, and Sour Stomper
Medical – Canna–Cheese 1:1
Canada Freebies - 3BOG x Double Grape, MBAP x 3BOG, Beary White x 3BOG

Freebie Tiers - USD - Order Total (Shipping not included)
25-50$ - 2 Seeds
50-100$ - 5 Seeds
100-150$ - 7 Seeds
150$+ - 15 Seeds
submitted by stan_mephisto to MephHeads [link] [comments]

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What is Bitcoin? Bitcoin Explained Simply for Dummies ...

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