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  1. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    No, I did not say Bitpay charges $1, I said Bitcoin network transaction fee is less than $1, actually less than 10 cents when I attached the picture Bitpay has no fees for buyers other than Bitcoin network TX fees, they charge the 1% to the merchants i.e. Breitling It was in the Bitpay URL I...
  2. johnarb

    If BTC breaks through $20,000 next stop $10,000.........

    I would think anyone who lives in Canada got a wake up call recently when bank accounts, credit cards, insurance, etc were frozen for simply supporting some protestors What level of cu*k would a Canadian have to be not to hold insurance against a tail risk that became visible to everyone in...
  3. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    Depends on how you balance your net worth and what percentage is Bitcoin If you're not rich and have a steady job, you could have over 80% of your net worth in Bitcoin If you're filthy rich, even better, put 5-10% of your net worth and fuggedaboutit Look at Winklevoss twins, they bought 210K...
  4. johnarb

    If BTC breaks through $20,000 next stop $10,000.........

    Bitcoin starts on Chapter 8. Layered Money is a good companion to "The Bitcoin Standard" goes in detail of how our current fiat-based financial system works
  5. johnarb

    If BTC breaks through $20,000 next stop $10,000.........

    deaddog read the book "Layered Money", but he prefers the fiat slavery system deaddog thinks he's too small a fish and can hide out in the crowd as long he does not rock the boat and can earn his profits to beat the inflation rate
  6. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    I think Bitpay publishes their operating numbers. I'm sure it's somewhere in there that they sell a portion to exchanges or hedge with BTC futures https://en.wikipedia.org/wiki/BitPay
  7. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    FDIC insurance is limited so you probably wouldn't want to hold $10M in your checking account How much would it cost you in fees to wire $10M from your many accounts to your checking account?
  8. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    All merchants get fiat currencies ($, EUR, etc) from Bitpay Bitpay is a payment processor, I believe it's the biggest. Coinpayment is another payment processor There's only a few merchants that accept Bitcoin and hodl. Overstock does (or did) and Tesla did Bitcoin network tx fees have been...
  9. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    Bitpay uses the exchange rates from 2-3 major exchanges and provides a btC invoice (price) locked for 15 minutes The $ price of BTC is volatile but for 15 minutes, it's only a few basis points fluctuation Bitpay fees
  10. johnarb

    Bitcoin Price Thread

    Prolly nothing...
  11. johnarb

    Luxury watchmaker Breitling starts accepting Bitcoin for purchases

    @Nobert Prolly nothing... https://finbold.com/luxury-watchmaker-breitling-starts-accepting-bitcoin-for-purchases/ Luxury watchmaker Breitling starts accepting Bitcoin for purchases Ana Nicenko1 day ago 2 mins read As cryptocurrencies become more widespread around the globe, one of the...
  12. johnarb

    Sammy says "Bankman-Fried Warns: Some Crypto Exchanges Already “Secretly Insolvent”"

    https://www.elitetrader.com/et/threads/if-btc-breaks-through-20-000-next-stop-10-000.368033/page-2#post-5625181
  13. johnarb

    If BTC breaks through $20,000 next stop $10,000.........

    Prolly nothing... Cryptooohhh Boyyyyyyy... 1 Bitcoinnnnnnn
  14. johnarb

    Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood

    @Nobert Prolly nothing... https://www.bloomberg.com/news/articles/2022-06-27/sam-bankman-fried-s-ftx-seeking-to-buy-robinhood-hood Sam Bankman-Fried’s FTX Is Seeking a Path to Buy Robinhood Sam Bankman-FriedPhotographer: Sarah Silbiger/Bloomberg Annie Massa, Matthew Monks and Katie Roof...
  15. johnarb

    Transactions Per Day : Visa 150Million / BTC 0.6Million

    @ph1l I'm sorry looking at my posts they are condescending. I apologize and there's no excuse -------- I would like to continue the discussion of risks of centralization, censorship, loss of cryptos (BTC's) and disruptions as they apply to native LN nodes If you find an article stating any...
  16. johnarb

    Transactions Per Day : Visa 150Million / BTC 0.6Million

    I'll assume you got a chance to see my other post, anyway, doesn't matter much because you're arguing from concepts, and using old Medium articles The Lightning Network s a beautiful production network, fully functional and growing ---------- I have to feed you info so we can continue the...
  17. johnarb

    Transactions Per Day : Visa 150Million / BTC 0.6Million

    @ph1l I realize that my post was overwhelming to a person who does not use Bitcoin or cryptos and definitely for anyone who's never used the Bitcoin Lightning Network, but I can tell you right now, that was not my intention I was trying to get you to understand network capacity and its usage...
  18. johnarb

    Transactions Per Day : Visa 150Million / BTC 0.6Million

    Let's attack this from a different angle Have you ever used the Bitcoin LN for transactions? I have over several dozen times so far Do you run a LN node? I do with 15 channels of varying capacity, total capacity last time I looked was 35M satoshis (I'm out of town currently and no access to my...
  19. johnarb

    Transactions Per Day : Visa 150Million / BTC 0.6Million

    Medium article as Mathematical proof from 2017?? Dude, here's what the lightning network looks like in production and growing like crazy!! crazy is a technical term in case you did not know https://1ml.com/
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