25 Jan Wall Street’s Bitcoin Vs Reddit’s Bitcoin

Privacy is what Pirate Chain is best at amongst all the digital currency options in crypto . Pirate Chain is the closest digital iteration of cash and is the best form of digital currency available to date . Privacy is an immensely critical feature of everyday money. Credit cards provide a modicum of pseudonymity from the public imparted by the the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin that provides optional privacy as a patch. However, we already https://forexbrokerslist.site/beaxy-exchange/ know that optional privacy is no privacy at all. For instance, ZCash is often erroneously touted as a privacy coin. As a result, crypto tracking companies such as Chainanalysis are able to document over 99% of ZCash transactions based on the resulting metadata . The cryptocurrency bitcoin has just hit a record high and is poised to rise even further. Reuters news agency could not verify the user’s identity, whether the user is a Tesla employee or whether the post was modified from the original.
The company made the comments about the share offering in a regulatory filing for fourth-quarter earnings which showed GameStop returned to profitability, with 175% growth in e-commerce sales. Meanwhile, some smaller Reddit cryptocurrency communities continue to closely reflect their respective digital token prices—and Gilbert reckons analysis of these could be used to predict the price of, for example, ethereum and litecoin. As bitcoin and cryptocurrency prices spiked in 2017, bitcoin mentions across Reddit kept pace, data collected by analysts at cryptocurrency data platform ChartStar this week revealed. Moderators in r/TSLA, a subreddit dedicated to posts on the electric carmaker’s technology and stock price, previously appeared to remove the post here. It was left up in r/bitcoin, where the cryptocurrency is discussed. Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companies–from startups to the Fortune 1000.

Privacy is a very important feature of everyday money. Credit cards provide a slight pseudonym from the public given by the credit card company. Some BTC developers are trying to build a second layer on top of Bitcoin, which offers optional privacy as a patch. However, we already know that optional privacy is not privacy. For example, ZCash is often mistakenly advertised as a privacy coin. As a result, crypto tracking companies auto trading such as Chainanalysis can document over 99% of ZCash transactions based on the resulting metadata . Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, previously appeared to remove the post. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. Key to a currency of daily use is privacy, along with fungibility and ease of use.

Bitcoin

Tesla said in its annual report published Monday that the decision to move nearly 8% of its reserves into bitcoin was part of its broad investment policy as a company aimed at diversifying and maximizing its returns on cash, including holding gold. “I have no idea what will happen once this reaches the newspapers but I think the price will explode even more,” the user wrote. The US dollar accounts for 80% of the world’s trade, but contributes only 25% of the world’s gross domestic product. From an investment perspective, people have been rewarded for saving US dollars as savings over the last few decades. The monetary policy behind the US dollar turned out to be a fatal flaw. “I told you so,” TSLAinsider wrote on Monday after the Tesla news on bitcoin. With regards to Pirate Chain as a “transaction asset”. The United States Dollar accounts for 80% of the world’s transactions whereas it only contributes to 25% of global gross domestic product. From an investment perspective, people were rewarded for hoarding USD as a savings over the last few decades.

The last two years have seen global financial institutions from JP Morgan to Goldman Sachs buy into bitcoin, cryptocurrencies and blockchain technology. Once thought of as an alternative piece of financial technology, overheard bitcoin-related coffee shop chats are now more likely to involve startup CEOs and finance executives than grassroots libertarians and economic revolutionaries. Bitcoin’s subsequent sell-off throughout 2018 saw bitcoin mentions fall along with the price. “Nothing bolsters my faith in a currency like a crappy MS Paint doodle,” one Reddit user said of the ad when it was created. The ad was made by another still-somewhat-active Reddit user going by the name mavensbot. I write about how bitcoin, crypto and blockchain can change the world. In December, crypto lending platform BlockFi announced plans to team up with Visa to offer a credit card that rewards users with BTC. The New York Post added that with the timeline on the Reddit post, Tesla would have had to start buying bitcoin in late December. I have always intended bitcoins as something to buy and hold in terms of an investment. Submissions that are mostly about some other cryptocurrency belong elsewhere.

Defi Tokens Created By Antier Solutions Transcend $500m In Market Cap

Bitcoin also always retains the transparency it needs for its immutability. Wall Street doesn’t like the privacy aspect because it generates revenue based on the flow of assets. What’s important for Wall Street is that $ 100 billion worth of BTC is worth $ 100 billion, rather than $ 100,000 worth of $ 1 million worth of trade. Financial institutions earn their retention by making money as an intermediary, not by being out of control. Follow our special coverage of Coronavirus pandemic in India and get news updates from around the world. Reddit posters were revisiting the post on Tuesday in the light of Tesla’s disclosure. “Thanks for the heads up Elon,” noted one poster, Valoured, on Tuesday. Reuters could not independently verify the user’s identity or whether his initial or subsequent claims were accurate. Create your free account to unlock your custom reading experience.

The user’s original post stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. But it received a second look Wednesday, a day after the electric carmaker and its CEO Elon Musk disclosed a $1.5 billion investment in the cryptocurrency that sent bitcoin to fresh highs. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” a user with the handle TSLAinsider posted in the bitcoin subreddit early last month. The user’s original post here stating Tesla was buying bitcoin drew little attention when it appeared Jan. 2. Treasury Secretary Janet Yellen last week vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month. A Reddit user claiming to be a software developer at Tesla posted that the company had bought bitcoin more than a month before Tesla CEO Elon Musk formally announced it.

A message to TSLAinsider was not immediately returned. Tesla did not immediately respond to an email to its press office. Moderators in r/Tesla, a subreddit dedicated to posts on the electric carmaker, appeared to remove the post. Hendrik provided The Post with a screenshot showing himself logged into the TSLAinsider Reddit account, which triumphantly bitcoin auto trading posted “I TOLD YOU SO” after Tesla’s market-moving Monday announcement. Tesla stunned Wall Street on Monday when it revealed it had acquired $1.5 billion in bitcoin to “further diversify and maximize returns” for the cash on its balance sheet. Tesla said it also plans to start accepting the cryptocurrency as a payment option for its electric cars.

• Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins.
• As a result, crypto tracking companies such as Chainanalysis are able to document over 99% of ZCash transactions based on the resulting metadata .
• Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space.

A German prankster claims that he was behind a mysterious Reddit post last month that appeared to anticipate Tesla’s blockbuster bitcoin buy this week — and that he was on LSD when he did it, The Post has learned. A Reddit post that predicted Tesla’s $1.5 billion purchase of bitcoin on Monday has been revealed as a hoax, after the New York Post tracked down the user. GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January. GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales. Grapevine, Texas-based GameStop’s shares have skyrocketed this year as retail traders bet against Wall Street hedge funds that had shorted the stock. But bitcoin discussion on Reddit is bigger than r/bitcoin. There are dedicated subreddits for most major cryptocurrencies as well as broader forums like r/cryptocurrencies—all of which regularly discuss bitcoin and the bitcoin price. Reddit was once very important to bitcoin and the cryptocurrency community—but now that no longer seems to be the case. This was three years before bitcoin was thrust into the global limelight by its epic 2017 bull run that saw the bitcoin price soar from under $1,000 in January to around $20,000 by December—making it easily the decade’s best investment. Back in 2014, at a bitcoin and cryptocurrency conference I attended in Dublin, Reddit’s r/bitcoin forum was mentioned many times on stage and even more by the audience.

I Bought A Cybertruck Because Tesla Announced Bitcoin Payments .. Ill Post Another Pic When It Turns Up!

The key to the currency we use every day is privacy, as well as substitutability and ease of use. Privacy is the best of all cryptocurrency digital currency options in the Pirates chain . Pirate Chain is the closest digital iteration of cash and the best form of digital currency ever available . A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker’s purchase of bitcoin said on Tuesday that his assertions were not true. Per the company, in the coming beaxy crypto exchange months, users should also be able to spend and transfer money via Reddit, Discord, Instagram, Twitch, Telegram, and Mastodon. As the post was focused on bitcoin, the tipper may benefit from a grey area in oversight and enforcement, as the US Securities and Exchange Commission does not treat the cryptocurrency as a security, one expert said. The post looked like such a prescient prediction of Tesla’s bitcoin investment that financial news outlets including Reuters and Bloomberg picked it up this week.

We now know that the monetary policy behind USD is fatally flawed. Bitcoin’s best value proposition is its scarcity and perceived demand. However, these are the same characteristics that have turned it into another tool of Wall Street as a commodity. In 2020, we heard about the multitude of Wall Street institutions jumping on the bandwagon. Within a six month period, commonly recognized names such Square, Paypal, Mass Mutual crypto trading and most recently Tesla/Elon Musk announced their BTC purchases. These public pronouncements only serve one purpose, to induce fomo and more buying so as to keep driving up the price. Michael Saylor of Microstrategy is probably one of the loudest evangelists in this space. Notably, Michael favors government regulation and is also one of the first to denounce the privacy and censorship resistance aspects of BTC .
Not long after the surprise announcement, attention turned to a Jan. 2 post from a Reddit user named “TSLAinsider” who had claimed to have a hot tip about Tesla’s move into the cryptocurrency market. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, asreported by Reuters. Tesla’s record-breaking bitcoin purchase stunned the markets earlier this week, causing the price of bitcoin to spike to a new high of over $48,000 per coin. Predicting a purchase of this size would require amazing foresight or insider knowledge, something which Reddit users were keen to figure out following a now-removed post from Jan. 2 by a user known only as Tslainsider. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month,” the post read, as reported by Reuters. “I am a software dev working at R&D at Tesla in California, over the past 72 hours our company bought BTC at an average price of 33142$,” the user with the handle TSLAinsider posted on Reddit last month.

Since the app launched last month, users have made total transactions of more than GBP 1.7m (USD 2.37m), they added. The company also stated that the app lowers the merchant charges and transfer fees associated with digital payments. According to Bottlepay, a user needs only to tweet for the feature to send a specific amount of sats to another user’s account. Recently-launched payments app Bottlepay has revealed its new feature that enables users to send and receive bitcoin via Twitter.

“It should be noted that there is no indication whatsoever that any ‘time travel’ is involved, and that the original unedited post was held in high regard solely as an imaginative piece of fan-fiction. It is also unclear whether the original thread was intended to be an ominous warning about Bitcoin as the edit portrays, or if the account holder’s motive and outlook shifted since 2013. It also seems unlikely that one could contact the account holder directly since there is no way to send them a private message,” they noted. “However, depending btc reddit on the technique that Reddit admins used to disable the account, the account holder is not prevented from editing previously posted threads and comments,” said the moderator. “The post was originally made on August 31st, 2013 and was edited by the original account on October 27th, 2019,” they said. The moral of the original post was to implore the reader to reconsider their investment, as widespread Bitcoin adoption is to supposedly ruin the world beyond repair. This trend would eventually lead a single Bitcoin to be worth $1 million by 2021.
The purchases spanning 72 hours would have had to start during the final days of December if TSLAinsider’s timeline were accurate. His initial post — which at first got no comments from other users on Reddit’s Bitcoin-focused forum — was dubious enough that moderators of the message board dedicated to Tesla stock removed it, according to Hendrik. Purchase Bitcoin without visiting a cryptocurrency exchange. It’s unclear why the original poster, who we now know is a German national named “Hendrik,” decided to come clean about the post. Given what started as a prank escalated into a story that captured the attention of international news outlets such as Reuters and Bloomberg, Hendrik may have feared legal ramifications if his “trollpost” escalated further. btc reddit Chinese smartphone maker Xiaomi Corp on Wednesday reported a 36.7% rise in fourth-quarter net profit, as Android rival Huawei steadily retreats from the global market due to U.S.-led sanctions. Adjusted net profit for the quarter ending Dec. 31 rose to 3.2 billion yuan ($491 million), beating analysts’ expectations of 2.9 billion yuan. In the October-December quarter, Xiaomi’s shipments in China surged 52% from a year earlier, and the company cornered 15% of the market share. Contrary to what people might say, there’s nothing wrong with putting stimulus money into the stock market — if it’s the right financial decision for you. But in a 10-K filing with the SEC, the company revealed plans to cash in on the Reddit-fueled mania surrounding its shares.
Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.