Mentor Monday, May 19, 2025: Ask all your bitcoin questions!
Ask (and answer!) away! Here are the general rules:
* If you'd like to learn something, ask.
* If you'd like to share knowledge, answer.
* Any question about Bitcoin is fair game.
And don't forget to check out /r/BitcoinBeginners
You can sort by new to see the latest questions that may not be answered yet.
https://redd.it/1kq5g6c
@r_bitcoin
Ask (and answer!) away! Here are the general rules:
* If you'd like to learn something, ask.
* If you'd like to share knowledge, answer.
* Any question about Bitcoin is fair game.
And don't forget to check out /r/BitcoinBeginners
You can sort by new to see the latest questions that may not be answered yet.
https://redd.it/1kq5g6c
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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Send bitcoin without the internet!
Hello everyone!
Just wrapped up a project for the Bitcoin 2025 Official Hackathon (hosted by btc++) that I'm super proud of, called darkwire.
The project is about making sure you can still use Bitcoin and send vital messages even if the internet is down or heavily censored. darkwire uses simple, affordable LoRa radio hardware to build a decentralized, off-grid communication layer.
Think of it as a backup system for freedom. No ISP, no central authority, just direct communication between nodes. Because, like I believe, the internet is optional, but freedom isn't.
Links to check it out:
GitHub: github.com/cyb3r17/darkwire
Website: darkwire.cyb3r17.space
YouTube: https://www.youtube.com/watch?v=vEsVZjViFdM
This is my first bitcoin based project! Let me know your thoughts or if you have any questions!
https://redd.it/1kq84a1
@r_bitcoin
Hello everyone!
Just wrapped up a project for the Bitcoin 2025 Official Hackathon (hosted by btc++) that I'm super proud of, called darkwire.
The project is about making sure you can still use Bitcoin and send vital messages even if the internet is down or heavily censored. darkwire uses simple, affordable LoRa radio hardware to build a decentralized, off-grid communication layer.
Think of it as a backup system for freedom. No ISP, no central authority, just direct communication between nodes. Because, like I believe, the internet is optional, but freedom isn't.
Links to check it out:
GitHub: github.com/cyb3r17/darkwire
Website: darkwire.cyb3r17.space
YouTube: https://www.youtube.com/watch?v=vEsVZjViFdM
This is my first bitcoin based project! Let me know your thoughts or if you have any questions!
https://redd.it/1kq84a1
@r_bitcoin
GitHub
GitHub - cyb3r17/darkwire: darkwire - The internet is optional. Freedom isn’t.
darkwire - The internet is optional. Freedom isn’t. - cyb3r17/darkwire
Australian Judge Calls Bitcoin "Money," Could Skip Capital Gains Tax
https://redd.it/1kqac6o
@r_bitcoin
https://redd.it/1kqac6o
@r_bitcoin
The cracks are forming
The bond market is telling us exactly how bad things are.
We all know that the US banking sector is essentially insolvent. Over $500b of unrealised losses on the balance sheets after the fed hiked rates in 2023, killing their treasury holdings.
As we know, that caused SVB to collapse and they had to initiate the BTFP (stealth QE) to prop up the system, allowing banks to park their distressed bonds at the fed in return for the held-to-maturity value in (freshly printed) cash.
The BTFP was allowed to expired in march 2024, and the loans were of 12 month terms. That means that by march 2025, all the loans will have come due, with interest, and the bonds are back on the bank’s balance sheets. Only the bond market has fallen further since, meaning the losses on those bonds are even greater.
And just like clockwork, 12 months from that date, in march 2025, the fed tapered their QT aggressively. They reduced the monthly balance sheet roll off from $25b (originally $60b) to just $5b. That means they became net buyers of treasuries again, QE in full effect, but with the label of QT still, desperately trying to prop the market up.
The timing was telling, not only with the BTFP loans expiring, but with yields regularly threatening to go above 5%, which would be disastrous for the treasury who have to refinance $9.2 trillion of low interest debt this year. Fiscal dominance anyone?
Whilst all of this is going on, interest payments have quietly creeped up to 14% of federal budget in 2025, second only to social security. It was 11% last year. It’s overtaken healthcare.
The final nail in the coffin was last week’s treasury auction. Clearly demand was low, and the primary dealer banks had to soak up a load of excess demand, because the fed just stepped up and bought $43b of treasuries in a single week. The only reason for that, is to relieve the banks and avoid a liquidity crisis. The private market wasn’t buying and the primary dealers had to burden their balance sheets with all those treasuries. There is now no doubt remaining, QE is back (for treasuries at least), they just aren’t saying it.
How long now before they have to officially announce they’re easing again? And how much will they have to print to overcome the worst bond bear market in modern history?
I honestly didn’t think this was going to happen so quickly, I thought we may have to wait a while longer. If they didn’t seize all of Russia’s assets, maybe they could’ve kept the can rolling for longer too.
https://redd.it/1kq78zx
@r_bitcoin
The bond market is telling us exactly how bad things are.
We all know that the US banking sector is essentially insolvent. Over $500b of unrealised losses on the balance sheets after the fed hiked rates in 2023, killing their treasury holdings.
As we know, that caused SVB to collapse and they had to initiate the BTFP (stealth QE) to prop up the system, allowing banks to park their distressed bonds at the fed in return for the held-to-maturity value in (freshly printed) cash.
The BTFP was allowed to expired in march 2024, and the loans were of 12 month terms. That means that by march 2025, all the loans will have come due, with interest, and the bonds are back on the bank’s balance sheets. Only the bond market has fallen further since, meaning the losses on those bonds are even greater.
And just like clockwork, 12 months from that date, in march 2025, the fed tapered their QT aggressively. They reduced the monthly balance sheet roll off from $25b (originally $60b) to just $5b. That means they became net buyers of treasuries again, QE in full effect, but with the label of QT still, desperately trying to prop the market up.
The timing was telling, not only with the BTFP loans expiring, but with yields regularly threatening to go above 5%, which would be disastrous for the treasury who have to refinance $9.2 trillion of low interest debt this year. Fiscal dominance anyone?
Whilst all of this is going on, interest payments have quietly creeped up to 14% of federal budget in 2025, second only to social security. It was 11% last year. It’s overtaken healthcare.
The final nail in the coffin was last week’s treasury auction. Clearly demand was low, and the primary dealer banks had to soak up a load of excess demand, because the fed just stepped up and bought $43b of treasuries in a single week. The only reason for that, is to relieve the banks and avoid a liquidity crisis. The private market wasn’t buying and the primary dealers had to burden their balance sheets with all those treasuries. There is now no doubt remaining, QE is back (for treasuries at least), they just aren’t saying it.
How long now before they have to officially announce they’re easing again? And how much will they have to print to overcome the worst bond bear market in modern history?
I honestly didn’t think this was going to happen so quickly, I thought we may have to wait a while longer. If they didn’t seize all of Russia’s assets, maybe they could’ve kept the can rolling for longer too.
https://redd.it/1kq78zx
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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JUST IN: 🇺🇸 Publicly traded DigiAsia adopts Bitcoin treasury strategy and plans to raise up to $100 million to buy BTC
https://redd.it/1kqcnr8
@r_bitcoin
https://redd.it/1kqcnr8
@r_bitcoin
People hate Bitcoin because of jealousy
I can’t think of no other reason why people hate Bitcoin other than being jealous and thinking they missed out on something. I mean I can’t believe there is a sub Reddit called Buttcoin just bashing Bitcoin for no apparent reason I can’t think of other than being jealous or mad. Imagine being mad at an investment like Amazon, no one would do that. People calling it a scam and so on.
Something that use to be a fraction of a penny now’s worth over 100k and they’re still calling it a scam. For those people reading this it’s not too late to invest we are still early so stop getting salty and start stacking sats. Because even when Bitcoin hits a million those same people are still going to be calling it a scam.
https://redd.it/1kqihhi
@r_bitcoin
I can’t think of no other reason why people hate Bitcoin other than being jealous and thinking they missed out on something. I mean I can’t believe there is a sub Reddit called Buttcoin just bashing Bitcoin for no apparent reason I can’t think of other than being jealous or mad. Imagine being mad at an investment like Amazon, no one would do that. People calling it a scam and so on.
Something that use to be a fraction of a penny now’s worth over 100k and they’re still calling it a scam. For those people reading this it’s not too late to invest we are still early so stop getting salty and start stacking sats. Because even when Bitcoin hits a million those same people are still going to be calling it a scam.
https://redd.it/1kqihhi
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
https://www.cnbc.com/2025/05/19/jpmorgan-ceo-jamie-dimon-says-the-bank-will-let-clients-buy-bitcoin.html
https://redd.it/1kqqrkt
@r_bitcoin
https://www.cnbc.com/2025/05/19/jpmorgan-ceo-jamie-dimon-says-the-bank-will-let-clients-buy-bitcoin.html
https://redd.it/1kqqrkt
@r_bitcoin
CNBC
JPMorgan CEO Jamie Dimon says the bank will let clients buy bitcoin
JPMorgan is now allowing clients to buy bitcoin, a major shift for the largest U.S. bank.
Realistically, how much time do we have until the world realizes that bitcoin is a solid investment
Deep gym thoughts…
I’m sure you all might ponder about this too, but I always worry that I won’t ever have enough bitcoin before the rest of the world realizes how great of an investment it is. So is the bitcoin community pretty niche compared to the whole population? And it’s hard to measure this, but if we had to guess, how much time until the average person realizes that it’s a good idea to buy?
https://redd.it/1kqq9qv
@r_bitcoin
Deep gym thoughts…
I’m sure you all might ponder about this too, but I always worry that I won’t ever have enough bitcoin before the rest of the world realizes how great of an investment it is. So is the bitcoin community pretty niche compared to the whole population? And it’s hard to measure this, but if we had to guess, how much time until the average person realizes that it’s a good idea to buy?
https://redd.it/1kqq9qv
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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Got a 2nd job to buy more bitcoin
Had one job and was frustrated only buying small amount of bitcoin each paycheck.
Got a second job. Second job pays for most bills, first job pay goes straight into bitcoin
Considering a 3rd job to buy more bitcoin.
https://redd.it/1kqui9l
@r_bitcoin
Had one job and was frustrated only buying small amount of bitcoin each paycheck.
Got a second job. Second job pays for most bills, first job pay goes straight into bitcoin
Considering a 3rd job to buy more bitcoin.
https://redd.it/1kqui9l
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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Daily Discussion, May 20, 2025
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1kqxu1v
@r_bitcoin
Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!
If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.
Please check the previous discussion thread for unanswered questions.
https://redd.it/1kqxu1v
@r_bitcoin
Reddit
From the Bitcoin community on Reddit
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Bitcoin just hit a new ATH in market cap of $2.11T… and it’s silent in here?
https://redd.it/1kqyqhz
@r_bitcoin
https://redd.it/1kqyqhz
@r_bitcoin
Crypto is completely tax free in Germany if you hold longer than 365 days🇩🇪
https://redd.it/1kqyw3p
@r_bitcoin
https://redd.it/1kqyw3p
@r_bitcoin