What is Bitcoin Backed by or When Will the Bubble Burst ...

I stored bitcoins online ... aaaand they're gone.

/SorryForYourLoss is a place to showcase the top minds of bitcoin (and cryptocurrencies) failing to secure their precious internet money properly. It's a memorial for the countless incidents of thefts, scams, hacks, goxxes, .. etc.
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CryptoAustralia

WELCOME TO THE WORLD OF CRYPTOCURRENCY! Crypto Australia is a subreddit for Australians and New Zealanders to talk about anything related to crypto.
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This was such a disappointment to read... if Bakkt futures are not fully backed by Bitcoin and are actually 37% backed by dollars/Treasuries, then what are the implications? Is this the slippery slope to Bifcoin market manipulation like we see in the Gold market?

This was such a disappointment to read... if Bakkt futures are not fully backed by Bitcoin and are actually 37% backed by dollars/Treasuries, then what are the implications? Is this the slippery slope to Bifcoin market manipulation like we see in the Gold market? submitted by the420chronicler to Bitcoin [link] [comments]

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."

submitted by Alanonzales to altcoin_news [link] [comments]

Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin.

Donald's just as confused as everyone else about what is bitcoin. Bitcoin is backed by data Donald, so it is based on data and value which is more than the USD which is backed by nothing. Donald, BTC is not Bitcoin. submitted by jim-btc to bitcoincashSV [link] [comments]

08-31 07:58 - 'I have a coin with this quote on the back, it is copper and the front has this geometric design anyone know what it is?' by /u/AnxietyAwaits777 removed from /r/Bitcoin within 556-566min

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I have a coin with this quote on the back, it is copper and the front has this geometric design anyone know what it is?
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10-29 02:14 - 'No, what I am saying is Bitcoin is worthless and it’s scarcity will not increase demand. A better crypto currency, likely backed by some type of sound money or portfolio of investments will become the crypto curre...' by /u/Admittedly_Ignorant removed from /r/Bitcoin within 456-466min

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No, what I am saying is Bitcoin is worthless and it’s scarcity will not increase demand. A better crypto currency, likely backed by some type of sound money or portfolio of investments will become the crypto currency of the future.
Bitcoin is like one of those dumb web companies from the dot com bubble. They knew roughly where technology was going, but they just didn’t create a good product. Bitcoin, backed by nothing, is worthless. It’s pure speculation and has no basis which would make it valuable for anything.
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"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period.

submitted by reality__fade to Bitcoin [link] [comments]

07-09 17:14 - 'What if he Got SGC! his 60% security cant be used by her. SGC (Secured Gold Coins), is a hybrid cryptocurrency that is 60% gold-backed, 40% utility and completely decentralized based on the revolutionary technology of Bl...' by /u/HourJudgment removed from /r/Bitcoin within 373-383min

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What if he Got SGC! his 60% security cant be used by her. SGC (Secured Gold Coins), is a hybrid cryptocurrency that is 60% gold-backed, 40% utility and completely decentralized based on the revolutionary technology of Blockchain that makes it secure, durable, trustworthy, easily accessible, and redeemable. [[link]2
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1: s*cur**gol*coin*com/ 2: secu**d*oldcoin*co*/]^^*
Unknown links are censored to prevent spreading illicit content.
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What I didn't like about the CNN Bitcoin special was the U.S. Senator insisting to the public that Bitcoin is totally dangerous unless it is backed & controlled by the Federal Government and/or the Federal Reserve.

Um, no, dude... that is exactly the broken system that Bitcoin has the ability to fix.
submitted by scotty321 to Bitcoin [link] [comments]

Overhearing conversations in the workplace about bitcoin when the "smartest" guy says "bitcoin isn't even backed by anything"...... not sure what he is comparing it to... obviously not the USD

submitted by Itsafireboy to Bitcoin [link] [comments]

What do you say when you suggest investing in Bitcoin to a friend and they use the argument "what is it backed by? Where's the value?"

submitted by in_nomine_domini to Bitcoin [link] [comments]

The potential and actual decentralization of full nodes is what "Bitcoin is backed by". It is only by asserting tot… https://t.co/zg96ZHU80o - Crypto Dynamic Info - Whales's

Posted at: February 3, 2019 at 05:03AM
By:
The potential and actual decentralization of full nodes is what "Bitcoin is backed by". It is only by asserting tot… https://t.co/zg96ZHU80o
Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

After installing this sign and walking back to my car, I hear someone walking by say "Bitcoin ATM, what is that?" Spread the word folks.

After installing this sign and walking back to my car, I hear someone walking by say submitted by BitkingBitcoinATM to Bitcoin [link] [comments]

What is the best option for a debit card backed by bitcoin?

submitted by tonyjayfunk to Bitcoin [link] [comments]

People say bitcoin's security is backed by the hashing power of the miners, and if the miners are not incentivized then they will not mine to secure the chain. What if everyone has a miner that gives a little mining power to this chain in all of their appliances?

submitted by novaterra to Bitcoin [link] [comments]

"Bitcoin is backed by nothing, US dollars are backed by the US government" what the hell does that even mean?

A lot of Bitcoin-pessimists have been saying this phrase to me lately... But then I got to thinking. What the hell does 'backed by X government' even mean?
I imagine that used to mean something when the US government held huge stores of gold and based their currency off it; but now that it's fiat money that phrase doesn't make sense anymore.
The Argentinan Peso is backed by the Argentinian government, but I'd imagine that's of little comfort to those who lost 66% odd percent of their savings over the last year.
submitted by Apollo_Moonwalker to Bitcoin [link] [comments]

Overhearing conversations in the workplace about bitcoin when the "smartest" guy says "bitcoin isn't even backed by anything"...... not sure what he is comparing it to... obviously not the USD /r/Bitcoin

Overhearing conversations in the workplace about bitcoin when the submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What's the hit home answer, when someone says to you "dude it's a bubble" or "Bitcoin is backed by air" ? /r/Bitcoin

What's the hit home answer, when someone says to you submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"They" don't fucking get it. Bitcoin is backed by the most powerful computer network on the planet. These countries toying with the idea of issuing crypto/digital currencies have no idea what the fuck they are doing. Period. /r/Bitcoin

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What do you say when you suggest investing in Bitcoin to a friend and they use the argument "what is it backed by? Where's the value?" /r/Bitcoin

What do you say when you suggest investing in Bitcoin to a friend and they use the argument submitted by BitcoinAllBot to BitcoinAll [link] [comments]

12-10 21:55 - 'I ask you to back your claims he is impeachable by asking what his impeachable crimes are, and all you did was attack me personally. That is why you are an NPC. You are the one who can’t give me an answer to my question and...' by /u/rajbaj2233 removed from /r/Bitcoin within 88-98min

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I ask you to back your claims he is impeachable by asking what his impeachable crimes are, and all you did was attack me personally. That is why you are an NPC. You are the one who can’t give me an answer to my question and get triggered while looking up my post history. Lol! Everyone who is reading this knows who is the snowflake here NPC. 😂😂
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What is the best option for a debit card backed by bitcoin? /r/Bitcoin

What is the best option for a debit card backed by bitcoin? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"A new era is emerging. By effectively bringing back the standard Bitcoin protocol v0.1.0, #BSV is finally showing the real world players exactly what Bitcoin is capable of, why it is important and what they've been missing. Sh*tcoin gamblers, say hello to self imposed bankruptcy!"

submitted by cryptorebel to bitcoincashSV [link] [comments]

Is Bitcoin Killing This Gold Backed Crypto? Is Bitcoin backed by anything? What is Bitcoin backed by? What is Bitcoin Backed By? (Bonus Video) What is Bitcoin Backed By? - YouTube

Is Bitcoin backed by mathematics? Like the US dollar, Bitcoin is not backed by a physical commodity, and instead derives its value in other ways. Since Bitcoin doesn't have a centralized entity that enforces its value and it isn't backed by any commodity, many people mistakenly believe that this means Bitcoin doesn't have any value. However, Bitcoin currently has an individual unit value of ... Bitcoin is backed by a public blockchain ledger that contains proof of all the transactions on the network. Bitcoin is limited in its supply, making it rare, just like precious metals like gold. Bitcoin is limited in its supply, making it rare, just like precious metals like gold. As a bitcoin enthusiast, you may have wondered, what is bitcoin backed by? Bitcoin is backed by a public blockchain ledger that contains proof of all the transactions on the network. Bitcoin is limited in its supply, making it rare, just like precious metals like gold. Like most modern currencies bitcoin is not backed by gold or other precious commodities. In a sense, bitcoin’s value is derived from our common belief that bitcoin has value. The same is true of the American dollar, the British pound, and the European Union’s euro, as well as nearly every other modern currency. Historically speaking, up until August 15 th 1971 most currencies were backed ... But if Bitcoin is not backed by anything, what it is backed by? Before we answer that question, there is an elephant in the room we must address first. The myth of fiat currency. If you ask anyone ...

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Is Bitcoin Killing This Gold Backed Crypto?

Join us every Wednesday by tuning in to 1100 AM KFNX radio station in Phoenix, Arizona for our weekly cryptocurrency talk show. We cover various topics such as Bitcoin, wallets, hardware, etc. BTC Myths #1. Feel free to leave suggestions for future episodes in the comments. Bitcoin is backed by a computer network, encryption, people who have or support bitcoins, time, energy, notoriety, the demand for a sound digital currency, the free market, etc.. Is there anything... Is Bitcoin Killing This Gold Backed Crypto? In this video I take a look at the price of Karatbars gold backed crypto currency, KBC and the reasons why there has been such a pull back in the price ... What is bitcoins intrinsic value? Is bitcoin backed by anything? This video is unavailable.

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