Binance SAFU are the Secure Asset Fund for Users (SAFU) introduced by Binance in 2018. SAFU the term most used by Changpeng Zhao who is the founder of Binance Exchange The SAFU is a reserve fund that in case of any hack, the SAFU funds will be used to compensate binance users The SAFU fund is financed with 10% of all trading fees that binance gets from trading fees Binance experiences a hack on August 2019. Hackers were able to steal 4000 bitcoin worth 40 million dollars at that time Binance didn't panicked and as a great gesture they announced that they are going to pay ever user affected by hack a single penny they lost Binance showed that its a top crypto exchange and care its users, by refunding users binance was able to grow its trust and gain even more business after the hack
Square sold over half a billion dollars worth of bitcoin in 2019, outpacing broader crypto exchange volume growth in Q4. Square volumes were more inline with Binance U.S. which saw ~$250 million worth of bitcoin volume in 4Q.
It’s 2028 and 1 Bitcoin is worth 1 million US dollars. If a luxury home was worth 1 million US dollars back in 2019, what would you estimate that this same luxury home is worth in USD and in BTC now? Does hyperbitcoinization require hyperinflation of government currencies and real estate?
"The reason why millions of dollars were spent to attack & defend Bitcoin Cash BCH is because it’s something truly worth fighting over. It’s sound money. It’s permissionless. It’s what Satoshi Nakamoto wrote about in 2008. It’s Bitcoin, a Peer-to-Peer Electronic Cash System."
Bitcoin’s price needs to grow 100x to be worth a million dollars. Metcalfe’s law states that a network’s value is the square of the number of users. So if the total number of bitcoin users only gets 10x bigger, each BTC will be worth a million dollars
10-23 00:44 - 'Bitcoin as a currency is unsustainable... / Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. / We may have solve...' by /u/jucoin2000 removed from /r/Bitcoin within 264-274min
''' Bitcoin as a currency is unsustainable... Security and Trust: Millions of dollars worth of bitcoin lost by hacks, lost passwords and mismanagement. Mt. Gox, Coincheck, Binance, Bitconnect to name few. We may have solved the problem with trust through block chain...We just don’t know if trust is a problem that technology can ever truly solve as long as humans are the ones using it. Cost effectiveness: Blockchain is very expensive for its functionality, computers working around the clock to maintain distributed ledgers using more energy than many entire country’s put together. Efficiency: Bitcoin has painfully slow transactions times. Visa’s payment network can deal with 24,000 transactions per second and bitcoin just a measly 7. So even though giant centralised organisations sometimes abuse our trust they are also fast, typically safe and convenient. Bitcoin is a currency experiment that will inevitably fail for its intended use, but before that time and due to its erratic changes in value there will be potential money and profit to be made from the instability. Its possible that “Blockchain” will revolutionise a lot more than just money, although as yet i am not clear as to what that will be. Conclusion: Make your money before the bitcoin bubble bursts...and it will..... ''' Context Link Go1dfish undelete link unreddit undelete link Author: jucoin2000
Bitcoin will be worth a MILLION dollars using the KARDASHEV Scale
Interesting video about Bitcoin from a wide perspective: https://www.youtube.com/watch?v=WP6ElrW0o6o And I believe in this theory. The question is if the universal coin will be Bitcoin or will be something similar to Bitcoin. I think that the 'winner' coin will be a coin that overcomes all obstacles Bitcoin is facing currently (I don't think LN will solve all of BTC problems). In other words, Bitcoin opened the Pandora Box for the technologically advanced coin to settle in and become this universal coin one day. Which coin is it? Does this coin already exists? Or will it be Bitcoin the 'final' winner?
10-08 00:23 - 'But the price of a Bitcoin would be worth tens of millions of dollars assuming it gets mass adoption. The payout would be more than enough for all the miners. / And yes, you will lose nodes. But nodes contribute nothing...' by /u/juliushenkin removed from /r/Bitcoin within 150-160min
''' But the price of a Bitcoin would be worth tens of millions of dollars assuming it gets mass adoption. The payout would be more than enough for all the miners. And yes, you will lose nodes. But nodes contribute nothing to the network. Only miners actually matter. We can either have peer to peer cash for the world now or use garbage like the Lightning Network, which requires you to run a node to even use it! Not the same as Bitcoin at all. ''' Context Link Go1dfish undelete link unreddit undelete link Author: juliushenkin
A bitcoin is worth four hundred and sixteen million dollars in a trash heap?
Nothing's funny about this. He actually had a weird hand motion. Weird spot for a second. I dunno Man. I'll cut you an asshole. Don't just turn the sound of your canines just fell out onto the floor with a normal volume. Delete both the accounts, right now--. Right off the bat he doesn't respond for four years ago. Do that?
May 22nd is a historic day in the crypto-world. 9 years ago Laszlo Hanyecz exchanged 10,000 bitcoin for 2 Papa John's pizzas. Today that transaction is worth nearly 80 million dollars. He should have at least got some breadsticks and a liter of cola!
Bitcoin a pump and dump scheme? "Researchers found that a single actor was “likely” behind several accounts that bought millions of dollars worth of bitcoin and drove the exchange rate in the US from $150 to $1,000 over the course of two months."
Bitball (Btb) is just not a #token build on #Ethereum but also has a lot of great functionalities. For ex. Users will be able to send or receive millions of dollars worth of funds within minutes (faster then #Bitcoin #btc) with paying tx fee of 0.01 cents.
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Will Bitcoin Reach 1 Million Dollars? Yes Here is Why ...
Everyone is starting to hear about this industry but they do not know what to do. Get started and earn daily interests on your coins! #Bitconnect #Bitcoin #Cryptocurrency Step 1: Set up Bitcoin ... Will Bitcoin Reach 1 Million Dollars? I think world economics and world politics indicate there is no exception bitcoin will reach 1 million dollars. Subscri... Bitcoin is going to $1 million dollars! Well that’s what Bitcoin maximalists are saying. But is that true? Is it even possible? What would even happen to bitcoin and even other asset classes if ... I think Bitcoin will go to a million dollar evaluation within the next five years. I use the Kardashev scale to illustrate an example of why Bitcoin is the m... Credit to the owner of this video BETTER MANKIND. No copyright intended. For sharing purposes only. Add or contact me in FB: m.me/aimjoe88 Whatsapp/Imo/Viber: +639276767629 1) Airbit Club Pinoy ...