Just bought the dip and will put one BTC on look down for my 4 year old daughter and give it to her on her 18th birthday.

Hey guys!

Long time BTC holder here and pretty new to Reddit.

Sold a small chunk of my portfolio at ATH and made a killing compared to what my initial stake was, and yes should have sold it all at ATH and bought now. If someone has a crystal ball, tell me where I can buy one!

Anyways, I just wanted to share that today I bought BTC for my daughter, from some of my fiat from my “winnings”

I hope BTC becomes what it has the potential to be one day, then it’ll be an awesome start to her adult life. I have to figure out conditions though, I don’t want her partying it away.

And no, this is not an April fools joke! I’d just like to share our story, me and my wife are pretty exited about it!

PS: I’m not a native English speaker, so pardon if there are any spelling mistakes.

Edit; Lockdown! Edit2; thought I’d also mention that we will do other investments for our daughter also. We set aside a fixed amount from our salaries every month!

submitted by /u/bitcoinbjorn
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Bitcoin – The Currency of the Internet

On the 9th birthday of Bitcoin, I’d urge everyone who hasn’t yet read Satoshi’s 9-page* white-paper to read it. It’s brilliantly written, and with a lot of newbie’s coming in to the community, this is a must read!

Link to the white paper is here – https://bitcoin.org/bitcoin.pdf

*9th page is the reference page. so really, it's only 8 pages.

I was just re-reading it, and i really enjoy Satoshi's outright sass in it. For example, when talking about 'greedy attackers' :

"He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth."

and you can see that he was aware and conscious about node's being able to store the blocks with commonly found hardware:

"A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory."

happy reading!

EDIT – I've unknowingly sort of delved into the block-size/scaling debate in the last bit above. Not my intention. Bitcoin itself has evolved from the original white paper. Satoshi himself had found ways to improve on top of the white paper during the days he was active. My point here is to appreciate the great invention and truly understand it as told my the author/creator himself 🙂

submitted by /u/ha5hmil
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Bitcoin – The Currency of the Internet