If we really want bitcoin to be used in the future nobody wants to have daily transactions like "filet mignon, that will be 4 thousandths of a bitcoin".
Should bitcoin split so each coin converges more towards everyday prices?
๐ค#bitcoin #crypto #blockchain
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About 1700 sats per dollar.
17 sats per cent.
I think in terms of sats when dealing with small purchases and transaction fees.
https://twitter.com/sats_per_dollar/status/1379439571675586560?s=21
Bitcoins associated with darknet markets are worth far less than freshly minted coins with no history. Coins associated with darknet markets are so toxic *all* major exchanges refuse to accept deposits from addresses associated with them.
The breakdown of bitcoins is around 2% black (toxic), 40% grey (possibly toxic), 55% white (fully traceable origin), and 3% virgin (coins with no history). Naturally, the coins with no history are worth the most.
https://old.reddit.com/r/btc/comments/dt23jq/do_you_know_where_and_how_to_buy_virgin_bitcoin/f6uhu14/
And the market agrees. Check the news. Industry Execs Claim Freshly Minted 'Virgin Bitcoins' Fetch 20% Premium https://news.bitcoin.com/industry-execs-freshly-minted-virgin-bitcoins/
Kevin O'Leary spells it out on CNBC. He will only buy bitcoin mined with clean energy, and none mined in China. โI see over the next year or two, two kinds of coin,โ he told CNBC. โBlood coin from China, (and) clean coin mined sustainably in countries that use hydroelectricity, not coal.โ https://www.cnbc.com/2021/04/05/kevin-oleary-says-he-wont-buy-bitcoin-mined-in-china.html
While it was true 5 years ago that bitcoin was mostly fungible, it's clear that with the rise of KYC, chainanalysis, and institutional adoption there are different tiers of bitcoin. The issue will only magnify in the next few years.
1 = 1