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Bitcoin - The Internet of Money
/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.
What is the safest way for me to receive a large bitcoin payment?
Hi Everyone. I am new to bitcoin and I am about to sell some art and the buyer wants to pay in bitcoin. At first, I was hesitant because of all the scans that I've heard of but it might be the easiest way to do this exchange. Here are my questions
What is the best wallet to use if you are receiving a large payment?
I really want to make sure the process is secure and safe.
What are some of the scams I should look out for in my situation?
-My customer is ready to send me bitcoin and once I can confirm that I have got payment, I can give the pieces to her.
. Will I have to declare the bitcoin I receive?
I am assuming because it is a significant amount, I'd probably get taxed on it. I am in South Africa btw.
. What is the safest and fastest way to get dollars for my bitcoin.
I need to understand the process of selling my bitcoin and what fees I can expect.
These are the questions I have for now. If anyone of you reading this is interested in helping me further privately. Your assistance will be greatly appreciated.
09-20 22:55 - 'The truth is, 99% of people still don't give a fuck about Bitcoin. Even those who know what it is, (mostly) how it works, etc. Because they can use their visa and have an instant payment done, anywhere, anytime. Unless the...' by /u/PuddingPoops removed from /r/Bitcoin within 43-53min
''' The truth is, 99% of people still don't give a fuck about Bitcoin. Even those who know what it is, (mostly) how it works, etc. Because they can use their visa and have an instant payment done, anywhere, anytime. Unless they believe they are gonna get rich from this "magic internet money", it isn't relevant to them. Libertarians will be big fans, but other than that, support is sparse compared to population... And some will look at it as simply a tax evasion tool. I'm not disparaging bitcoin. It's just the general population, even those who think Bitcoin is awesome (myself included), won't bother to buy something that is either an incredibly volatile investment, or "cash" that they can use... Almost nowhere. It's going to take a long time, if it ever happens, for real, meaningful adoption and more importantly, real, consistent use outside of the relatively small Bitcoin community. And frankly all the hype posts.. "Guy who owns Bitcoin predicts Bitcoin will be worth 500k!".. is a turn off for a lot of people. Because it makes it sound like... "Herbalife products will not only help you live to 100, they will make you rich!" Non bitcoiners coming to this subreddit can easily, and reasonably, assume it's a pyramid scheme feeding those who already own it. And that's a problem. ''' Context Link Go1dfish undelete link unreddit undelete link Author: PuddingPoops
Reminder:The main characteristic that made bitcoin (btc) blows up in the first place is being used as permissionless payment system. This is what created global demand for it...to USE it as global P2P cash to pay for stuff & services. Bitcoin has always meant to be a medium of exchange.
OKEx CEO: "I think DCEP can be a game-changer in the finance, blockchain, and crypto spaces. Unlike Bitcoin or Libra and USDT, DCEP is 100% state-backed by the government’s reserve fund. What’s more, from a legal perspective, DCEP is a legal tender, so merchants cannot refuse payment in DCEP."
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."
Samson Mow: "What need? Digital payments are easy and options are abundant. Feel free to use credit cards, PayPal, Venmo, Alipay, WeChat Pay, Interac, KakaoPay, etc. #Bitcoin is the foundation of a new global financial system - don’t mistake it for a simple payments provider."
What is the incentive of companies accepting Bitcoin as payment?
I’ve seen plenty of headline news saying Whole Foods, AT&T and other big companies are “accepting Bitcoin as payment” when in reality, they accept the Bitcoin through a third party and then the third party converts it to cash for the company. So what’s the point? To me, this news means very little as companies would have extreme currency risk on their balance sheets/income statements if they did keep the actual Bitcoin.
What you can purchase with #Bitcoin! Shopping with Bitcoin has wide similarity to regular #onlinepurchases. As you go to the payment page after selecting your favorite product, you will pay with entering your bank card information. In the alternative way, Bitcoin is in charge for you .
What Is Lightning Network? This functionality provides crypto enthusiasts with instant payments possible across a huge network of users. It makes it possible to make transactions of high speed. #SAM #bankdex #exchange #bankex #bitcoin #ethereum #BTC #decentralized #cross_chain #crypto #crypto
What is Best PLUGIN to accept Bitcoin Cash payments in a WordPress site?
I would like some thoughts / feedback, also discussion in regards to accepting online payments. I am getting increasingly frustrated that not only can I hardly buy anything with BCH - I can't sell anything via the standard sites with BCH. Go to the WP Plugins site and there is literally almost NOTHING on there in regards to plugins for Bitcoin acceptance. WP powers an estimated 30% of global websites - and there isn't a decent payment plugin! And look at hte installation numbers - almost non-existent. What gives?
Payment Protocol¶. To request payment using the payment protocol, you use an extended (but backwards-compatible) “bitcoin:” URI.For example: Warning: The payment protocol is considered to be deprecated and will be removed in a later version of Bitcoin Core. The protocol has multiple security design flaws and implementation flaws in some wallets. Unfortunately, Bitcoin payment is currently only accepted for hotel bookings. eGifter. eGifter is an online service that allows you to use your hard-earned Bitcoins to purchase gift cards from places that don’t directly accept Bitcoins, such as Amazon, JCPenny, Sephora, Home Depot, Kohl’s and many others. Just like Expedia and Overstock ... Bitcoin Core 0.9 supports the new payment protocol. The payment protocol adds many important features to payment requests: Supports X.509 certificates and SSL encryption to verify receivers’ identity and help prevent man-in-the-middle attacks. Provides more detail about the requested payment to spenders. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! You can get Bitcoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitcoin. Buy Bitcoin. Spend Bitcoin. There are a growing number of services and merchants accepting Bitcoin all over the world. Use Bitcoin to pay them and rate your experience to help them gain more visibility.
What is Bitcoin? Bitcoin Explained Simply for Dummies ...
As the growth in payment methodologies continues, the overall currency value of Bitcoin continues to grow as well. This is a critical aspect of increasing mainstream acceptance, and increasing ... Thanks to Away for sponsoring this video! Go to https://www.awaytravel.com/techquickie and use promo code techquickie to get $20 off your next order! Bitcoin... Mycelium Gear is an open-source little widget that you can put on your website to make accepting Bitcoin easy, organized, private, and totally free. Enjoy th... Fly into Denver and you can even pay for your parking with Bitcoin. #1Overstock .com Overstock.com was the first big online retailer to start accepting bitcoins in January of 2014. Bitcoin payment system powered by a Raspberry Pi. Code and rough instructions at https://github.com/WeMeetAgain/btcpos If you like this, consider tossing a f...