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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
It's a specialized sub for hardcore Bitcoin enthusiasts who are avoiding to own/use fiat money. In our everyday life we are using the real money - Bitcoin. For a more general sub about Bitcoin, see /Bitcoin/ and /BitcoinBeginners/
Exchange rate from Argentine peso to bitcoin, and then bitcoin to US dollar. Is it worth it?
Hi I'm a English teacher from the US living in Argentina. I don't have a local ID yet, so I can't sign up for a bank account or use the paypal equivalent here called Mercado Pago (Paypal only works in argentina for international transfers, not within the country like in the US). I only do online classes and some students are outside of my city. My question is: if working as a tutor here, is it worth to have my students pay me in bitcoin (which I'm assuming they would have to buy if they don't have already), and then use that to transfer to dollars in my US bank account. Is this worth it or am I losing value in the process? Edit: Transferwise doesn't work sending money between people in Argentina I can send money from a US bank account to someone in Argentina, but not the other way around. If you don't know the answer to the question I'm asking, please don't respond.
Chinese E-Commerce Giant Alibaba Offers Free Bitcoin to US Shoppers. The company that refused to let its Chinese users buy bitcoin with Alipay has now teamed up with a New York-based BTC app to offer it for free on ‘Singles Day’.
Pennsylvania Senate Democrats paid $700,000 to recover from ransomware attack - The ransom demand was worth nearly $30,000, based on the Bitcoin-to-US dollar exchange rate at the time, but officials declined to pay
Convert Bitcoin To US Bank Account Profitable Exchange Rate
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702 has someone explaining Bitcoin to us all at the moment... but such a misleading discussion!
Its someone whose name I missed but who runs https://www.investinfuturecurrency.com/ - started off saying that transfers take 10 minutes. And he made it clear he was not talking about Bitcoin Cash. What a whopper, sheez! Reality is that at the moment the core developers of Bitcoin have totally crippled Bitcoin by maintaining a tiny tiny block-size into which transactions have to be processed, that can only process a handful of transactions a second, which has log-jammed the network so that making transactions is pointless unless in huge amounts. Meaning, transactions are having to wait for days and days to be processed. Unless you pay around R300 fees to get it processed earlier than that. That's more the truth. Come on, https://www.investinfuturecurrency.com/, be honest for a start.
Hi I am outside of my home country (US) long term and I want to sign up to US-based bitcoin exchange to let me transfer money home while avoiding the expensive SWIFT money wires. Tried Gemini and Coinbase but both make it impossible to sign-up and verify from abroad. Are there any workarounds that might work for either of these or is there a better way?
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