Bitcoin (BTC) is a cryptocurrency . Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 18,971,981. The last known price of Bitcoin is 44,213.21718786 USD and is up 1.50 over the last 24 hours. It is currently trading on 9191 active market(s) with $32,268,874,272.92 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Bitcoin

<h2 class="MuiBox-root jss2373"><strong><span style="font-size: 18pt;">Governance</span></strong></h2>
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<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>Model Overview</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Bitcoin governance is the process by which protocol rules are decided upon, implemented, and enforced. Users (full nodes) adopt new rules according to their subjective views on what Bitcoin is and should be. If two or more individuals adopt the same set of rules, they form an inter-subjective social consensus of what &ldquo;Bitcoin&rdquo; is. It is in this respect that many conceptualize Bitcoin as being set by a social contract. Every time rule changes are contemplated, the rules of the contract are decided and renegotiated continuously between stakeholders. Protocol changes are legitimized when users agree to adopt the new changes. Once adopted, the Bitcoin protocol automates the enforcement of the social contract.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>Process Overview</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Protocol development is governed by a proposal process whereby anyone in the open-source Bitcoin community can submit Bitcoin Improvement Proposals ("BIPs"). After debate by the community, when consensus has emerged, the Bitcoin Core maintainers merge code changes into Bitcoin Core's GitHub Repository. Once new code has been implemented into the Bitcoin Core client, users of the network (full nodes) must be persuaded to adopt the new changes. Protocol changes are &ldquo;ratified&rdquo; on-chain when the majority of the network adopts the upgrade and doesn&rsquo;t break consensus.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Once rules are adopted on-chain, all new transactions and block proposals are subject to the agreed-upon rules. Full nodes only accept new transactions and block proposals that are valid according to the rules of the Bitcoin protocol. Anything that is not valid will be rejected. Thus, miners must implement the prevailing rules of the network in order to participate in the block creation process.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>User Activated Hard Fork</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">2017's User Activated Soft Fork Event provided an illustrative case study on Bitcoin governance in practice.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">As early as 2010, shortly after Satoshi implemented a block limit into Bitcoin, $2 around block size began. These discussions largely stayed in the background until 2017 when tensions within the Bitcoin community rose over rising transaction fees and increasingly divergent opinions on scaling Bitcoin. In May 2017, a meeting between miners, businesses, investors, and core developers took place at the Consensus conference in New York, in what is now referred to as the "New York Agreement". The product of this meeting was an agreement to support SegWit (a soft fork) and a 2MB block size (hard fork).</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Known as SegWit2x, this proposal was backed by over 80% of the network&rsquo;s hash rate. However, despite the desires of miners, users wanted to activate SegWit without the block size increase. This plan was proposed as <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://github.com/bitcoin/bips/blob/master/bip-0148.mediawiki" target="_blank" rel="noreferrer noopener">BIP 148</a>, a Bitcoin Improvement Proposal, from a pseudonymous developer named Shaolinfry. Soon after, users set a date (August 1, 2017) where Bitcoin would soft fork to support SegWit and keep the 1MB block size. Eventually, enough nodes signaled support for it, forcing miners to accept or have their blocks rejected by the network.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Many see this user-activated soft fork (UASF) as a pivotal moment in Bitcoin&rsquo;s history. The philosophy underpinning the event was that users controlled the network, not miners. The event not only illustrated the balance of power within Bitcoin's network, but also calmed suspicions that parties such as miners, businesses, or Bitcoin Core developers, controlled Bitcoin.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Learn More: <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://medium.com/@pierre_rochard/bitcoin-governance-37e86299470f" target="_blank" rel="noreferrer noopener">Bitcoin Governance</a> <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://uncommoncore.co/unpacking-bitcoins-social-contract/" target="_blank" rel="noreferrer noopener">Unpacking Bitcoin's Social Contract</a> <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://blog.lopp.net/who-controls-bitcoin-core-/" target="_blank" rel="noreferrer noopener">Who Controls Bitcoin Core?</a> <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://hackernoon.com/bitcoin-miners-beware-invalid-blocks-need-not-apply-51c293ee278b" target="_blank" rel="noreferrer noopener">Bitcoin Miners Beware: Invalid Blocks Need Not Apply</a></p>
</div>
</div>

Governance

<p>&nbsp; &nbsp;</p>
<p class="has-normal-font-size"><em><strong>The first widely-adopted cryptocurrency in the world. Bitcoin enables users to safely and directly send digital money over the internet. The trend of investing in &ldquo;Digital Assets&rdquo; has grown in popularity and has piqued the curiosity of a large number of individuals. However, because it is a new financial asset, it is vital to conduct thorough research before investing.</strong></em></p>
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<h1 id="definition" class="has-luminous-vivid-orange-color has-text-color"><span id="Definition" class="ez-toc-section"></span>Definition</h1>
<h2 id="what-is-digital-assets"><span id="What_is_digital_assets" class="ez-toc-section"></span><strong>What is digital assets?</strong></h2>
<p class="has-normal-font-size"><strong>Digital assets are digital representations of a wide variety of physical items and their related values.</strong>&nbsp;They are files created electronically, and that exist as data held on a digital storage drive or computer system. Owners can issue and transfer without the use of paper documents. Documents, music, video, logos, websites,&nbsp;<strong>and Bitcoin</strong>&nbsp;are all examples of digital assets.</p>
<h2 id="what-is-blockchain"><span id="What_is_blockchain" class="ez-toc-section"></span><strong>What is blockchain?</strong></h2>
<p class="has-normal-font-size"><strong>A blockchain is a growing collection of records known as blocks that are connected together via cryptography.&nbsp;</strong>Each block includes a hash code of the previous block, as well as a timestamp and transaction data.&nbsp;<strong>Because each block contains information about the one before it, they create a chain, with each new block strengthening the ones before it.</strong>&nbsp;Each transaction is validated independently by peer-to-peer computer networks, time-stamped, and contributed to a growing data chain.</p>
<p class="has-normal-font-size">Because data cannot be changed without the approval of a quorum of the participants in a blockchain system, fraud and data tampering are avoided. A blockchain ledger can be shared, but it cannot be changed.&nbsp;<strong>If someone tries to change data, all participants will be notified and will know who attempted the change.&nbsp;</strong>There are now at least four types of blockchain networks:</p>
<ul class="has-normal-font-size">
<li><strong>Public blockchains:&nbsp;</strong>a blockchain network is one in which everyone may engage freely. The majority of cryptocurrencies are decentralized and operate on a public blockchain that is governed by rules or consensus algorithms</li>
<li><strong>Private blockchains:&nbsp;</strong>a blockchain lets business owners set rules about who can access blockchain data. Only people who have been given permission can access certain types of data</li>
<li><strong>Hybrid blockchains:&nbsp;</strong>a blockchain combines the advantages of centralized and decentralized systems</li>
<li><strong>Sidechains:&nbsp;</strong>a term referring to a blockchain ledger that operates concurrently with a primary blockchain. The major blockchain&rsquo;s entries can be connected to and from the sidechain, allowing the sidechain to operate autonomously of the primary blockchain</li>
</ul>
<h1 id="what-is-bitcoin-btc" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Bitcoin_BTC" class="ez-toc-section"></span>What is Bitcoin ($BTC)?</h1>
<p class="has-normal-font-size"><strong>Bitcoin&nbsp;</strong>is a decentralized digital currency that enables direct purchase, sale, and exchange without the use of an intermediary such as a bank.&nbsp;<strong>It was the first cryptocurrency, launched in 2009</strong>, and remains the most widely traded. It has a maximum supply of&nbsp;<strong>21 million coins,</strong>&nbsp;and that is the only amount that will ever be available.</p>
<p>Each and every&nbsp;<strong>Bitcoin</strong>&nbsp;transaction is recorded on a public ledger that is visible to everyone, which makes transactions difficult to reverse and impossible to fake.&nbsp;<strong>Since its public launch in 2009, Bitcoin has risen dramatically in value.&nbsp;</strong>Institutional investors began to regard it as a form of digital gold in order to protect themselves against&nbsp;<strong>market volatility and inflation.</strong></p>
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<h2 id="where-does-it-come-from"><span id="Where_does_it_come_from" class="ez-toc-section"></span><strong>Where does it come from?</strong></h2>
<p><strong><a href="https://en.wikipedia.org/wiki/Satoshi_Nakamoto" target="_blank" rel="noopener">Satoshi Nakamoto</a></strong>&nbsp;&ndash; commonly thought to be a pseudonym for an individual or group of individuals whose specific identity remains unknown &ndash; created&nbsp;<strong>Bitcoin</strong>.&nbsp;<a href="https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)" target="_blank" rel="noopener"><strong>Hal Finney,</strong></a>&nbsp;a programmer, was one of the first adopters, contributors, and receivers of the first $BTC transaction.&nbsp;<strong>Finney downloaded the bitcoin software on its first day of availability and got ten $BTC from Nakamoto in the world&rsquo;s first bitcoin transaction</strong>. Nakamoto is said to have mined 1 million $BTC in the early days, prior to abandoning any engagement with it.</p>
<p class="has-normal-font-size"><strong>A satoshi</strong>&nbsp;is the smallest unit of the $BTC cryptocurrency. According to the software rules, each&nbsp;<strong>Bitcoin</strong>&nbsp;can be subdivided into a ratio of&nbsp;<strong>100 million to 1,</strong>&nbsp;meaning:&nbsp;</p>
<ul class="has-normal-font-size">
<li>1 Satoshi =&nbsp;<strong>0,00000001 BTC</strong></li>
<li>100 Satoshi =<strong>&nbsp;0,000001 BTC</strong></li>
</ul>

description

<h2 class="MuiBox-root jss2373"><span style="font-size: 18pt;"><strong>Token Usage</strong></span></h2>
<div class="MuiBox-root jss2374"><strong>Key Info</strong>
<div class="jss2444">Token Type: Native. Token Uses: Payments</div>
<div class="MuiBox-root jss2446"><hr class="MuiDivider-root jss1743 MuiDivider-light jss1744" /></div>
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<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">BTC is used as a native currency within the Bitcoin network. BTC can be used for peer-to-peer payments and value storage within the Bitcoin network. Bitcoin is also used to pay fees for transactions. In efforts to keep Bitcoin decentralized, with its small, limited block sizes and low on-chain throughput, Bitcoin leverages off-chain payment channels for increased scalability. It is in this respect that Bitcoin acts as a payments <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://nakamotoinstitute.org/mempool/economics-of-bitcoin-as-a-settlement-network/" target="_blank" rel="noreferrer noopener">settlement network</a>.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Throughout its life, Bitcoin has most notably served as a digital currency for online marketplaces, a settlement layer for transferring value between Bitcoin exchanges, a capital-raising mechanism for novel cryptocurrency projects, a collateral asset for lending products, and a speculative store of value.</p>
</div>
</div>
<h2 class="MuiBox-root jss2373"><span style="font-size: 18pt;"><strong>Launch &amp; Initial Token Distribution</strong></span></h2>
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<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Satoshi Nakamoto created the first bitcoins on January 3, 2009, by mining the genesis block. The genesis block mining reward (50 BTC) is unspendable due to the original client's block database and transaction database configuration. The coinbase of the first block included the following text:</p>
<blockquote class="jss2375">
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"</p>
</blockquote>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">This text has been interpreted both as a proof that the block was created on January 3, 2009, as well as a comment on fractional-reserve banking. Hal Finney received the first bitcoin transaction on January 12, 2009. Finney had downloaded the bitcoin software when it was first released and was known the be the creator of <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://nakamotoinstitute.org/finney/rpow/index.html" target="_blank" rel="noreferrer noopener">RPoW</a>, the first reusable proof-of-work system, in 2004.</p>
</div>
</div>
<h2 class="MuiBox-root jss2373"><strong><span style="font-size: 18pt;">Supply Schedule</span></strong></h2>
<div class="MuiBox-root jss2374"><strong>Key Info</strong>
<div class="jss2452">General Emission Type: Inflationary. Precise Emission Type: Decreasing Issuance. Capped Supply: Yes</div>
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<div class="MuiBox-root jss2457"><strong>Liquid Supply Curve</strong>
<div class="MuiButtonBase-root MuiButton-root MuiButton-outlined jss2472 MuiButton-outlinedSizeSmall MuiButton-sizeSmall" tabindex="0" role="button" aria-disabled="false">Updating</div>
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<strong>Details</strong>
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<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>Bitcoin Halving Schedule</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">The rate at which new bitcoins are created is algorithmically cut in half roughly every 4 years (210,000 blocks). Bitcoin has gone through three halvings to date; November 2012, July 2016 and most recently in May 2020. Since blocks are generated every 10 minutes on average and starting at 50 new bitcoins per block when the system was launched in 2009, this creates a very well-defined supply curve.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>The stability of Bitcoin's monetary policy</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Bitcoin's monetary policy is disinflationary. The annual rate of inflation decreases through time. The current supply cap of Bitcoin is set at 21 million coins. The stability of Bitcoin's monetary policy provided by this well-defined supply cap and halving schedule is a key differentiator versus other crypto assets.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Learn More: <a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://medium.com/@hasufly/research-paper-a-model-for-bitcoins-security-and-the-declining-block-subsidy-11a21f600e33" target="_blank" rel="noreferrer noopener">A Model for Bitcoin's Security and the Declining Block Subsidy</a></p>
</div>
</div>
<h2 class="MuiBox-root jss2373"><span style="font-size: 18pt;"><strong>Consensus Mechanism</strong></span></h2>
<div class="MuiBox-root jss2374"><strong>Key Info</strong>
<div class="jss2452">General Consensus: Proof-of-Work. Mining Algorithm: SHA-256</div>
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<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>Consensus</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Bitcoin pioneered and currently uses Nakamoto Consensus whereby the valid chain is the longest chain with the most accumulated proof-of-work. Consensus in Bitcoin, and other systems using Nakamoto Conensus, is probabilistic because there is always a chance that a new, longer competing chain could emerge with more accumulated proof-of-work, that would invalidate the current chain.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Learn More: <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://medium.com/s/story/lets-take-a-crack-at-understanding-distributed-consensus-dad23d0dc95" target="_blank" rel="noreferrer noopener">How Does Distributed Consensus Work Anyways?</a></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph"><strong>Mining</strong></p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Miners solve computational puzzles to generate new blocks using a SHA-256 algorithm. In this process, miners compete to generate a hash less than the target number set by Bitcoin's difficulty adjustment algorithm. The target difficulty level is adjusted every 2016 blocks.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Although open to anyone with a CPU, Bitcoin mining is now dominated by ASICs situated in enterprise-scale data centers. In order to smooth individual miner revenue as mining has become more competitive, mining is now done in pools where participants contribute hash power to the pool and receive a proportional share of the profits if the pool finds a valid block.</p>
<p class="MuiTypography-root jss2376 MuiTypography-body2 MuiTypography-paragraph">Learn More: <br /><a class="MuiTypography-root MuiLink-root MuiLink-underlineHover MuiTypography-colorPrimary" href="https://blog.sia.tech/the-state-of-c

Token Economics

<h1 id="bitcoin-investment" class="has-luminous-vivid-orange-color has-text-color">Bitcoin investment</h1>
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<p class="has-normal-font-size">The price of a single bitcoin has increased significantly.&nbsp;<strong>The price was $1 in April 2011. By the fall of 2021, it had surpassed $65,000 for the first time.</strong></p>
<h2 id="mining"><span id="Mining" class="ez-toc-section"></span><strong>Mining</strong></h2>
<p class="has-normal-font-size"><strong>It is a public ledger that keeps track of every Bitcoin transaction.</strong>&nbsp;Miners add to the blockchain by using computer processing power to handle complex math problems, which adds to it. The block will be added to the chain if the problems are solved.&nbsp;<strong>Bitcoin is given to the miner who correctly solves the puzzle.</strong>&nbsp;To begin mining bitcoin, you&rsquo;ll need:</p>
<ul class="has-normal-font-size">
<li><strong>Low-cost power supply and&nbsp;mining computers (rigs)</strong></li>
<li><strong>Software for mining</strong></li>
<li><strong>Membership in a mining pool</strong></li>
</ul>
<h2 id="hold"><span id="Hold" class="ez-toc-section"></span><strong>Hold</strong></h2>
<p><strong>The Buy and Hold method, often known as the &ldquo;Bitcoin HODL strategy,&rdquo;</strong>&nbsp;is based on the assumption that you would purchase Bitcoin and hold it for an extended length of time. You want to hold on to your Bitcoins for as long as possible so that their value might rise. Having a specific profit goal in mind is the greatest strategy.</p>
<h2 id="trade"><span id="Trade" class="ez-toc-section"></span><strong>Trade</strong></h2>
<p><strong>Bitcoin trading</strong>&nbsp;is how you can bet on changes in the price of the cryptocurrency.&nbsp;<strong>This used to be done by buying bitcoin through an exchange and hoping that its price would rise at some point in the near future.</strong>&nbsp;Cryptocurrency traders are now using derivatives to bet on both rising and falling prices, in order to make the most of bitcoin&rsquo;s volatility.</p>
<h2 id="what-are-the-risks"><span id="What_are_the_risks" class="ez-toc-section"></span><strong>What are the risks?</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<p><strong>Investing in Bitcoin, especially when the price of the popular cryptocurrency is increasing, might be an enticing proposition. However, even if it has the potential to be a profitable investment, you should proceed with caution:</strong></p>
<ul class="has-normal-font-size">
<li><strong>Investment volatility:</strong>&nbsp;prices fluctuate rapidly over the last decade. $BTC has been quite volatile, resulting in some fairly catastrophic falls</li>
<li><strong>No insurance:&nbsp;</strong>Federal or government schemes do not cover bitcoin exchanges or wallets. Unlike bank accounts, people are unlikely to recover their bitcoin if anything happens. Numerous high-profile hacking has occurred</li>
<li><strong>Regulatory restrictions:</strong>&nbsp;Bitcoin transactions lack legal protection and are often irreversible, making them vulnerable to fraud</li>
<li><strong>Limited Use:</strong>&nbsp;While an increasing number of businesses are accepting Bitcoin, it is still not widely recognized. Unlike when using a credit or debit card, this restricts where you may spend your money</li>
</ul>

Bitcoin investment

<p class="has-normal-font-size"><em><strong>The first widely-adopted cryptocurrency in the world. Bitcoin enables users to safely and directly send digital money over the internet. The trend of investing in &ldquo;Digital Assets&rdquo; has grown in popularity and has piqued the curiosity of a large number of individuals. However, because it is a new financial asset, it is vital to conduct thorough research before investing.</strong></em></p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<h1 id="what-is-bitcoin-btc" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Bitcoin_BTC" class="ez-toc-section"></span>What is Bitcoin ($BTC)?</h1>
<p class="has-normal-font-size"><strong>Bitcoin&nbsp;</strong>is a decentralized digital currency that enables direct purchase, sale, and exchange without the use of an intermediary such as a bank.&nbsp;<strong>It was the first cryptocurrency, launched in 2009</strong>, and remains the most widely traded. It has a maximum supply of&nbsp;<strong>21 million coins,</strong>&nbsp;and that is the only amount that will ever be available.</p>
<p>Each and every&nbsp;<strong>Bitcoin</strong>&nbsp;transaction is recorded on a public ledger that is visible to everyone, which makes transactions difficult to reverse and impossible to fake.&nbsp;<strong>Since its public launch in 2009, Bitcoin has risen dramatically in value.&nbsp;</strong>Institutional investors began to regard it as a form of digital gold in order to protect themselves against&nbsp;<strong>market volatility and inflation.</strong></p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<h2 id="where-does-it-come-from"><span id="Where_does_it_come_from" class="ez-toc-section"></span><strong>Where does it come from?</strong></h2>
<p><strong><a href="https://en.wikipedia.org/wiki/Satoshi_Nakamoto" target="_blank" rel="noopener">Satoshi Nakamoto</a></strong>&nbsp;&ndash; commonly thought to be a pseudonym for an individual or group of individuals whose specific identity remains unknown &ndash; created&nbsp;<strong>Bitcoin</strong>.&nbsp;<a href="https://en.wikipedia.org/wiki/Hal_Finney_(computer_scientist)" target="_blank" rel="noopener"><strong>Hal Finney,</strong></a>&nbsp;a programmer, was one of the first adopters, contributors, and receivers of the first $BTC transaction.&nbsp;<strong>Finney downloaded the bitcoin software on its first day of availability and got ten $BTC from Nakamoto in the world&rsquo;s first bitcoin transaction</strong>. Nakamoto is said to have mined 1 million $BTC in the early days, prior to abandoning any engagement with it.</p>
<p class="has-normal-font-size"><strong>A satoshi</strong>&nbsp;is the smallest unit of the $BTC cryptocurrency. According to the software rules, each&nbsp;<strong>Bitcoin</strong>&nbsp;can be subdivided into a ratio of&nbsp;<strong>100 million to 1,</strong>&nbsp;meaning:&nbsp;</p>
<ul class="has-normal-font-size">
<li>1 Satoshi =&nbsp;<strong>0,00000001 BTC</strong></li>
</ul>
<p><strong>Read more: <a href="https://coincu.com/currencies/btc-bitcoin/stories/">Click Here</a></strong></p>

All about

<div>
 <p>
 </p>
 <p>
  $2 on virtually every crypto exchange — both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:
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  <li>
   <a href="#">
    Binance
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  </li>
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   <a href="#">
    Coinbase Pro
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  </li>
  <li>
   <a href="#">
    OKEx
   </a>
  </li>
  <li>
   <a href="#">
    Kraken
   </a>
  </li>
  <li>
   <a href="#">
    Huobi Global
   </a>
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  <li>
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    Bitfinex
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 </ul>
 <p>
  If you are new to crypto, use CoinCu’s own
  <a href="#">
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  to buying Bitcoin.
 </p>
</div>
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<h1 id="in-conclusion" class="has-luminous-vivid-orange-color has-text-color">In Conclusion</h1>
<p>Although Bitcoin is not the only cryptocurrency available,&nbsp;<strong>its market cap exceeds the combined market cap of the top ten cryptocurrencies.</strong>&nbsp;Which demonstrates Bitcoin&rsquo;s significant market influence.&nbsp;<strong>It&rsquo;s also important to learn about these new digital currencies and the technologies they use so that you can understand both the risks and the rewards.</strong></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

Verdict

<div class="sc-cnqt8g-0 jivVTJ"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1642482147215.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x.png 1400w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-300x175.png 300w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-768x447.png 768w" alt="this week on crypto twitter" style="max-width:100%;overflow:hidden;width:100%"><div>Illustration by Mitchell Preffer for Decrypt</div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">In last week’s Crypto Twitter roundup, we included, “Desperate Housewives”</span> <span style="font-weight:400">star Eva Longoria’s open announcement that she was “</span><a href="https://twitter.com/EvaLongoria/status/1479621718528434178?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479621718528434178%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F90038%2Fthis-week-on-crypto-twitter-cryptophunks-vs-bored-apes-bukele-defends-bitcoin-city" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">jumping into the #NFT space</span></a><span style="font-weight:400">.” She had asked her 7 million followers for advice on where to start, and the replies were predictably crammed with folk shilling her their NFT projects.</span></p><div class=" flex justify-center items-center"><div class=""><div id="div-gpt-ad-1634801906339-0-90503" data-google-query-id="COOd4f-6uvUCFWyKZgIdsJgD8A"><div id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" title="3rd party ad content" name="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement" tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" srcdoc="" style="border: 0px; vertical-align: bottom;" data-google-container-id="1" data-load-complete="true"></iframe></div></div></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">She didn’t dally. On Monday, she changed her profile picture to her first NFT purchase: a World of Women NFT. World of Women is a collection of illustrations by artist Yam Karkai “featuring 10,000 artworks of diverse and powerful women” according to the </span><a href="https://opensea.io/collection/world-of-women-nft" target="_blank" rel="nofollow external noopener" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">description</span></a><span style="font-weight:400">. (Karkai made </span><i><span style="font-weight:400">Decrypt</span></i><span style="font-weight:400">’s list of the </span><a href="https://decrypt.co/88533/15-most-innovative-nft-artists-of-2021" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">most innovative NFT artists</span></a><span style="font-weight:400"> of 2021.)</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Did I do this right? <a href="https://twitter.com/worldofwomennft?ref_src=twsrc%5Etfw" data-wpel-link="internal">@worldofwomennft</a> <br>&nbsp;<a href="https://twitter.com/hashtag/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#NewProfilePic</a> <a href="https://t.co/837jlQXWD9" data-wpel-link="internal">pic.twitter.com/837jlQXWD9</a></p>
<p>— Eva Longoria Baston (@EvaLongoria) <a href="https://twitter.com/EvaLongoria/status/1480658113833275392?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">Longoria joins Reese Witherspoon as a World of Women holder. And whether it was thanks to Longoria buying in, or thanks to the collection signing with Guy Oseary for Hollywood reputation (just as </span><a href="https://decrypt.co/83255/bored-ape-yacht-club-nft-film-tv-music-guy-oseary" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Bored Ape Yacht Club has</span></a><span style="font-weight:400">), the </span><a href="https://decrypt.co/90379/world-of-women-ethereum-nfts-surge-bored-apes-hollywood" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">price floor surged this week</span></a><span style="font-weight:400">.</span></p>
<h2 style="margin-top:2em;text-align:left" color="#333" class="sc-1t633a1-2 igUuUh">Andre and Klay go crypto</h2><div class="sc-3e2f5m-0 bQkWom"></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">NBA legend Andre Iguodala announced on Monday that he and Golden State Warriors teammate Klay Thompson are taking part of their salaries in Bitcoin via mobile payment service Cash App.&nbsp;</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, <a href="https://twitter.com/KlayThompson?ref_src=twsrc%5Etfw" data-wpel-link="internal">@klaythompson</a> and I are both believers. To make bitcoin more accessible, we're giving out $1M in bitcoin back to fans today. Drop your $cashtag w. <a href="https://twitter.com/hashtag/PaidInBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#PaidInBitcoin</a> &amp; follow <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" data-wpel-link="internal">@CashApp</a></p>
<p>— andre (@andre) <a href="https://twitter.com/andre/status/1480616697119711234?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">The two NBA stars join a long list of pro athletes who have put part of their salary into Bitcoin, including </span><a href="https://decrypt.co/85023/aaron-rodgers-cash-app-giving-away-1-million-bitcoin" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Aaron Rodgers</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/86611/odell-beckham-jr-salary-bitcoin-give-away-1m-btc-cash-app" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Odell Beckham Jr.</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/61593/bitcoin-pushes-russell-okung-up-the-ranks-of-nfl-top-earners" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Russell Okung</span></a><span style="font-weight:400">, and </span><a href="https://decrypt.co/69064/nfl-trevor-lawrence-signs-endorsement-deal-with-blockfolio-ftx" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Trevor Lawrence</span></a><span style="font-weight:400">. (FTX investor and pitchman Tom Brady has said he’d “</span><a href="https://decrypt.co/81511/tom-brady-open-earn-part-salary-bitcoin-ethereum-solana" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">love to request that</span></a><span style="font-weight:400">,” but hasn’t.)</span></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>

This Week on Crypto Twitter: NBA Stars Buy Bitcoin, Vitalik Welcomes Trolls, FWB DAO Ejects a Co-Founder

<div class="content-inner ">
<p><span style="font-weight: 400;">This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known independent coffee shop. We’re witnessing the fusion of one of the biggest social networks in the world with Bitcoin’s open monetary network.</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" class="" style="position: static; visibility: visible; width: 500px; height: 943px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441089090628177933&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441089090628177933"></iframe></div>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">In </span><a href="https://jimmymow.medium.com/announcing-the-strike-api-c18a4e9c54de"><span style="font-weight: 400;">the linked blog post</span></a><span style="font-weight: 400;">, Jack Mallers explains the transaction and its significance:</span></p>
<p style="text-align: center;"><em><strong>Related Reading | <a href="https://bitcoinist.com/jack-mallers-outlines-bitcoin-top-issues-how-btc-will-drive-the-future-of-payments/">Jack Mallers Outlines Bitcoin Top Issues, How BTC Will Drive The Future of Payments</a></strong></em></p>
<blockquote>
<p><span style="font-weight: 400;">“In the above demo, I sent a $10 tip from my house in Chicago, USA to my friend David in San Salvador, El Salvador. The payment settled instantly for no fee. The singular, open, monetary network that allowed me to send an instant, free, cross-border payment to David is the same singular, open monetary network that allowed David to immediately use that money to buy a cup of coffee at Starbucks as soon as he got the Twitter notification that I had sent him money.”</span></p>
</blockquote>
<p><img class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938880387.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" loading="lazy" data-lazyloaded="1" data-src="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png" data-srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" data-sizes="(max-width: 640px) 100vw, 640px" data-pin-no-hover="true"><noscript><img loading="lazy" class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938488196.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" sizes="(max-width: 640px) 100vw, 640px"></noscript></p>
<pre style="text-align: center;">BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on <a href="https://www.tradingview.com/symbols/BTCUSD/">TradingView.com</a></pre>
<h2><span style="font-weight: 400;">The previous time Jack Mallers found himself in the middle of a historic transaction</span></h2>
<p><span style="font-weight: 400;">When Strike’s CEO </span><a href="https://bitcoinist.com/watch-jack-mallers-send-free-instant-non-reversible-10-to-nigeria/"><span style="font-weight: 400;">sent $10 to Nigeria,</span></a><span style="font-weight: 400;"> he described that other transaction in terms that also apply to today’s historic transaction.&nbsp;</span></p>
<blockquote>
<p><span style="font-weight: 400;">“If you don’t see how huge this is, think about it as Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary such as Western Union, request private banking details of Bernard Parah, or wait days for the payment to settle.” On the other side, Bernard “didn’t owe any intermediary a percentage of the transaction, the payment wasn’t reversible and settled instantly.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Bernard Parah’s Bitnob and Strike are interoperable because they both joined the Bitcoin and Lightning open monetary network. And now, Twitter and its millions of users joined both of those companies and the network. This is immense.&nbsp;</span></p>
<p><span style="font-weight: 400;">Also, the previous time Jack Mallers proclaimed, “</span><em><span style="font-weight: 400;">Today, Strike became the best remittance option from the US to Nigeria without even trying</span></em><span style="font-weight: 400;">.” This time, he feels even more confident:</span></p>
<blockquote>
<p><span style="font-weight: 400;">“Twitter’s integration with the Strike API turns Twitter into one of the best remittance experiences in the world, one of the greatest global creator marketplaces in the world, one of the greatest global payment experiences in the world, one of the best global micropayment marketplaces in the world, and allows an internet communications company to interoperate with the monetary standard for the world, enabling global payments for their users.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Boom!</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-1" class="" style="position: static; visibility: visible; width: 500px; height: 1160px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441092004759293965&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441092004759293965">

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

<div class="sc-cnqt8g-0 epmiuL"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636382356475.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger.png 540w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger-300x122.png 300w" alt="roberts on crypto header" style="max-width:100%;overflow:hidden;width:100%"><div><span opacity="0.58" color="#333" class="sc-jb7pox-1 GwxAa"></span></div></div>
<p>Jack Dorsey, the <a href="https://decrypt.co/78391/why-does-jack-dorsey-hate-ethereum" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin maximalist</a> CEO of Twitter, put his money where his mouth is this week. His company rolled out "<a href="https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin tipping</a>" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app called <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">Strike</a>. And to top if off, Twitter also announced a plan to let users connect their Bitcoin wallets to <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank" class="sc-18vyx5u-0 hiPYeO">NFTs</a> tied to their identity.</p>
<p>Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history. That's because Twitter isn't just a mega social media platform used by political and sports divs, but also a major force in media that helps drive the news of the day. Tying crypto payments to all this could spur tens of millions of people to use Bitcoin for the first time.</p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p>The Bitcoin integration means Twitter has already done something other tech giants could not: Build a borderless payment system right into its app. You may recall Facebook sought to do that three years ago with a new type of stablecoin called Libra, but regulators <a href="https://decrypt.co/78891/facebook-crypto-wallet-is-ready-market-is-market-ready-novi" target="_blank" class="sc-18vyx5u-0 hiPYeO">all but killed the plan</a>. Twitter is more likely to avoid that fate since it doesn't wield Facebook's monopoly power and because it is relying on an existing global currency—Bitcoin—rather than trying to mint its own money.</p>
<p>Bitcoin tipping also coincides with the launch of a number of other new (non-crypto) Twitter products, including newsletters and a live forum called Spaces, that are designed to let artists and creators connect directly with their audiences. In practice, this means that a comedian in Mexico could perform on Twitter and instantly receive tips from people in Madrid, Buenos Aires and New York. The company has even set up an invoicing system.</p>
<p>The world has been waiting for something like this. For decades, media and culture have been borderless, but payments have not. Sure, we've been able to use credit cards (and crypto) internationally, but there's still no easy one-click tool plugged directly into the apps we use every day. Twitter's Bitcoin tipping feature could change that, and also spur the likes of YouTube, TikTok, and others to follow suit. Meanwhile, adding NFTs as a form of identification, as Twitter has pledged to do, could help <a href="https://decrypt.co/79071/cryptopunks-bored-apes-nft-avatar-trend-is-about-community-building" target="_blank" class="sc-18vyx5u-0 hiPYeO">make crypto communities</a> even more mainstream.</p>
<p>If people use the features.</p>
<span class="" style="display:inline-block"></span>
<p>First, Dorsey has to show he can pull this off. And that's an open question. Twitter delighted cryptoland by launching Bitcoin tipping—you can see how it works <a href="https://twitter.com/Twitter/status/1441085130487975952" target="_blank" class="sc-18vyx5u-0 hiPYeO">here</a>—but that doesn't mean it's going to work as planned. For one thing, the reliance on Strike could mean trouble, since the app and its obnoxious founder <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">don't appear ready</a> to deal with the regulatory issues that go along with launching a global payment network. Strike was also the partner for the El Salvador government's <a href="https://decrypt.co/80436/el-salvador-forced-through-bitcoin-law-any-means-necessary" target="_blank" class="sc-18vyx5u-0 hiPYeO">bumpy Bitcoin rollout</a>. And speaking of governments, the tax rules surrounding Bitcoin remain a mess, especially in the U.S., and it's possible that those who use Twitter tipping will find themselves with an unpleasant surprise come tax time—something that will certainly chill adoption.</p>
<p>Then there is Dorsey's decision to embrace Bitcoin and Bitcoin alone. This has already ruffled the feathers of Ethereum fans, and led <i>Decrypt</i>'s founder Josh Quittner to wonder if Dorsey excluded Ethereum over fears it would threaten Twitter's centralized platform. Whatever his motives, Dorsey's Bitcoin-only path will create political opposition from DeFi diehards the project could really use on its side.</p>
<p>Then, there are the practical problems with Twitters's plan, especially when it comes to NFTs. The company says it will let users display NFT-based badges that are tied to their wallets, but the Bitcoin blockchain doesn't appear up to this task, and Twitter refuses to explain how exactly this will work. Never a good sign.</p>
<p>The bottom line is that Twitter's Bitcoin initiative is full of promise, but fraught with peril. Hey, let's not judge just yet—the company has just pushed forward with a Bitcoin feat the world has never seen before, and for that it deserves kudos. Have a great weekend.</p>
<p><i>This is&nbsp;</i>Roberts on Crypto<i>, a weekend column from Decrypt Editor-in-Chief&nbsp;<a href="https://decrypt.co/author/daniel-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Daniel Roberts</a>&nbsp;and Decrypt Executive Editor&nbsp;<a href="https://decrypt.co/author/jeff-john-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Jeff John Roberts</a>. Sign up for the&nbsp;<a href="https://decrypt.co/modal/emails" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Decrypt Debrief email newsletter</a> to receive it in your inbox in the future. And read last weekend's column:&nbsp;</i><a href="https://decrypt.co/81230/solana-outage-sol-growing-pains" target="_blank" class="sc-18vyx5u-0 hiPYeO">Solana's Growing Pains</a>.</p>

Bitcoin on Twitter: The Promise and the Problems

<div class="sc-ktzkjh-0 hIxHRr"><h4 color="#333" class="sc-1t633a1-4 PUmZU">In brief</h4><ul>
<li>Michael Burry once held around 5% of all GameStop shares.</li>
<li>He sold his position before the meme stock hit all-time highs above $400.</li>
<li>In January, he called for the SEC to regulate what he saw as "unnatural" trading.</li>
</ul><div class="sc-zni0p2-0 ggVtwx"></div></div><p><span style="font-weight:400">One of the biggest players in the GameStop saga is being drawn into an investigation by the U.S. Securities and Exchange Commission.</span></p>
<p><span style="font-weight:400">Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. The tweet has since been deleted.</span></p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p><span style="font-weight:400">Burry owned more than 5% of GameStop stock last year before </span><a href="https://www.forbes.com/sites/antoinegara/2021/02/16/michael-burry-the-hedge-fund-genius-who-started-gamestops-4000-rise-sold-before-its-reddit-surge/?sh=786678af6359" target="_blank" class="sc-18vyx5u-0 hiPYeO"><span style="font-weight:400">selling 1.7 million shares</span></a><span style="font-weight:400"> in the fourth quarter for between $10 and $20. By January GME shares were trading for over $400; they currently sell for $185 on the New York Stock Exchange.&nbsp;</span></p>
<p><span style="font-weight:400">GME's rise was facilitated by an army of amateur day traders and a handful of anonymous Wall Street veterans, who poured into online forums like WallStreetBets to coordinate stock picks. It was the first meme stock, an asset without intrinsic value which is traded for its cultural cachet. Other companies in decline, among them theater company AMC and 2000s throwback BlackBerry, have also found fresh money this year as meme stocks.</span></p>
<div class="sc-155ftbs-0 sc-155ftbs-1 eAya-DO jpxtSH"><div class="sc-155ftbs-2 ccosHo"><div class="sc-155ftbs-3 jcayOL"><a href="/81076/what-robinhood-gamestop-taught-us-bitcoin-billionaires-author-ben-mezrich" class="sc-18vyx5u-0 vsGFO" style="width: 100%;"></a></div></div></div>
<p><span style="font-weight:400">Meme stocks are close relatives to meme tokens and coins, cryptocurrencies that lack much in the way of utility but can be traded for half-ironic LOLs—and sometimes for big money, if holders can convince others to join in.&nbsp;</span></p>
<p><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-18vyx5u-0 hiPYeO">Dogecoin</a></span>, launched as a joke nearly a decade ago, is the preeminent meme coin with a market cap of $27 billion. The more recent Shiba Inu, which borrows DOGE's dog-based iconography, has a market cap of $3.6 billion. It recently began trading on <span class="link"><a href="https://decrypt.co/46690/coinbase-review-a-great-jumping-on-point-for-bitcoin-beginners" target="_blank" class="sc-18vyx5u-0 hiPYeO">Coinbase</a></span>, which has found itself in competition with mobile trading app Robinhood—where many if not most GameStop and Dogecoin speculators plied their trade early in 2021.</span></p>
<p><span style="font-weight:400">Robinhood's participation in GameStop's rise was contentious. At one point, as GME's price tag was rising, Robinhood restricted users from buying more GME. Users were upset they couldn't buy more, while politicians from progressive Alexandria Ocasio-Cortez to arch-conservative Ted Cruz suggested a hearing was necessary to determine whether the app was picking winners and losers. Others in government worried that GameStop's surge was a sign of market manipulation, as everyday investors were perhaps being duped by more powerful forces behind the scene—just like crypto pump-and-dump schemes on Telegram.</span></p>
<div class="sc-bn4v3i-1 kKVLkh"><div class="sc-1lyao0r-0 bYXVxv"><div class="sc-1stj48q-1 jIqIqg"><div class="sc-1ao5pjp-0 iDmTWe"><div color="#b7a048" class="sc-1joxzke-0 iLgkbE"><img class="sc-1joxzke-1 iqMMhj" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636255533965.png" dimension="29"></div><span class="sc-jb7pox-2 hPjvKB sc-1stj48q-3 hVlrdy" color="#333" opacity="1">DOGE</span></div><div class="sc-1lyao0r-0 sc-1stj48q-2 bYXVxv hzlQar"><span class="sc-jb7pox-2 bGpjfZ sc-1mjd3js-0 dDOcjm variation-value" value="7708.33" color="#333" opacity="1"><span>+</span>7708.33%</span><span class="sc-jb7pox-1 gPoHne current-price" color="#333" opacity="1">$0.2107</span></div></div><div class="sc-1stj48q-0 jWoPsV"><div class="sc-ktzkjh-0 sc-1qwrltn-2 hIxHRr irYpKJ"><div class="sc-1ao5pjp-0 sc-1qwrltn-0 iDmTWe cdDhPC"><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">24H</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">7D</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">1M</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 chOUVj" color="#333" opacity="1">1Y</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">MAX</span></div></div><div class="sc-zni0p2-0 ggVtwx"></div><div height="180" class="sc-dunrjg-0 bPZqaA"><div data-highcharts-chart="0" style="height: 100%; overflow: hidden;"><div id="highcharts-jy1wary-0" dir="ltr" class="highcharts-container " style="position: relative; overflow: hidden; width: 367px; height: 180px; text-align: left; line-height: normal; z-index: 0; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); user-select: none;"><svg version="1.1" class="highcharts-root" style="font-family:&quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, Arial, Helvetica, sans-serif;font-size:12px;" xmlns="http://www.w3.org/2000/svg" width="367" height="180" viewBox="0 0 367 180"><desc>Created with Highcharts 8.2.2</desc><defs><clipPath id="highcharts-jy1wary-1-"><rect x="0" y="0" width="312" height="142" fill="none"></rect></clipPath></defs><rect fill="#ffffff" class="highcharts-background" x="0" y="0" width="367" height="180" rx="0" ry="0"></rect><rect fill="none" class="highcharts-plot-background" x="45" y="10" width="312" height="142"></rect><rect fill="none" class="highcharts-plot-border" data-z-index="1" x="45" y="10" width="312" height="142"></rect><g class="highcharts-grid highcharts-xaxis-grid" data-z-index="1"><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 44.5 10 L 44.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 87.5 10 L 87.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 130.5 10 L 130.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 173.5 10 L 173.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 215.5 10 L 215.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 258.5 10 L 258.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 301.5 10 L 301.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 344.5 10 L 344.5 152" opacity="1"></path></g><g class="highcharts-grid highcharts-yaxis-grid" data-z-index="1"><path fill="none" stroke="#e6e6e6" stroke-width="1" data-z-index="1

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