There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year.

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year. <- Bitcoin FTW! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet

“A deep dive into Bitmain’s chip business, from their rise to prominence, to technological stagnation, failed gambles resulting in billions in losses, & inability to innovate. Competitors have completely outclassed them.”

"A deep dive into Bitmain's chip business, from their rise to prominence, to technological stagnation, failed gambles resulting in billions in losses, & inability to innovate. Competitors have completely outclassed them." submitted by /u/joinfish
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Bitcoin – The Currency of the Internet

Marc van der Chijs on Twitter: Reading through some of the Bitmain IPO documents. My conclusion: they made a HUGE mistake selling BTC for BCH. If I would still hold any BCH I would sell them right away. I will stay far away from both Bitmain & BCH.

Marc van der Chijs on Twitter: Reading through some of the Bitmain IPO documents. My conclusion: they made a HUGE mistake selling BTC for BCH. If I would still hold any BCH I would sell them right away. I will stay far away from both Bitmain & BCH. submitted by /u/slacker-77
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Bitcoin – The Currency of the Internet

Owning fiat currencies reflects the trust you have in your politicians. Owning bitcoin reflects how much you don’t trust them.

If you like how things are being run with your government, then by all means you should stick to your government currency. If things aren't going so great, maybe you should start converting your old currency to the decentralized world currency, Bitcoin.

In other words. If you trust math more than politicians, you should use a currency based on math instead of a currency based on political promises.

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

One Bitcoin Dev was detained for 12 hours at a US airport after telling them he was there to attend a Bitcoin conference (Scaling Bitcoin last year.) After a shift change, nobody knew why he was being detained and then he was released.

One Bitcoin Dev was detained for 12 hours at a US airport after telling them he was there to attend a Bitcoin conference (Scaling Bitcoin last year.) After a shift change, nobody knew why he was being detained and then he was released. submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Thus far lightningspin.com routed over 400 individual payments to our users, for a total of almost 6M satoshis. The fees? 1,300 satoshis, or less than $0.10 USD. Not for each transaction. For all 400 of them combined.

Thus far lightningspin.com routed over 400 individual payments to our users, for a total of almost 6M satoshis. The fees? 1,300 satoshis, or less than $  0.10 USD. Not for each transaction. For all 400 of them combined. submitted by /u/CosmicHemorroid
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Bitcoin – The Currency of the Internet

“I would take my salary in Bitcoin if merchants accepted it.” The way Bitcoin wins is if WE show demand for the merchants who ALREADY DO accept it. 10,000’s of merchants accept Bitcoin, but we can’t find them online. Screw another website tracking price. We need a website that facilitates trade.

If you think that this ecosystem is too big for you to make an impact, you're sadly mistaken. The guy who started Coinmarketcap.com was a college kid living in Brooklyn.

It's up to us to build the future. It's up to us to drive demand. Many merchants offer a discount for paying in Bitcoin – Fuck it, I'd gladly pay 5% more if you let me pay in Bitcoin.

Create a website. Make a little database search. Email merchants asking if they want to be listed.

Get popular, make a millino bucks no problem.

Microsoft was started in a garage. Coinmarketcap was started by a guy who bought a website domain sitting in his bedroom.

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