Bitcoin Fact of the Day

Helping new plebs understand #bitcoin one fact at a time. Follow this account to share facts with your non-bitcoiner friends. Have a fact? DM. No trolls.

[Barchart @Barchart]

BREAKING 🚨: U.S. Banks

U.S. Banks now facing $515 billion in unrealized losses

[Bitcoin Fact of the Day @btcfactoftheday]

Tick tock... next block! A new block is created every ~10 minutes. #Bitcoin

[Bitcoin Fact of the Day @btcfactoftheday]

On 6/11/2024, formal US president 🇺🇸 Donald Trump says "We want all the remaining #Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!"

https://t.co/ZWTduQLiAq

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇺🇸 Donald Trump says "We want all the remaining #Bitcoin to be MADE IN THE USA!!!"

"It will help us be ENERGY DOMINANT!!!"

[Bitcoin Fact of the Day @btcfactoftheday]

A passphrase is an additional word added to the 12/24-words seed phrase for extra security. It functions as a unique password to access the hidden wallet.

The risk of using a passphrase is potentially forgetting it and thereby losing access to your #Bitcoin

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin Your 12 or 24 Seedwords ARE your bitcoin

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[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin is also used for cross-border transactions, allowing individuals to send and receive money across international borders.

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[Bitcoin Fact of the Day @btcfactoftheday]

@MicroStrategy has accumulated a total of 214,400 #bitcoin holdings at a total cost of $7.54 billion, or $35,180 per bitcoin, as of April 26, 2024.

[Bitcoin Fact of the Day @btcfactoftheday]

HODL History

2013, the #Bitcoin market was in the middle of a massive dip. After drinking a few glasses of whiskey, a user named GameKyuubi decided to post about his frustrating lack of trading skills. Follow, like, and repost to help spread the facts! Thanks! 🚀

[Bitcoin Fact of the Day @btcfactoftheday]

Today marks the 14th anniversary of the first documented #Bitcoin transaction for real-world goods.

[Bitcoin Fact of the Day @btcfactoftheday]

On May 22, 2010, now known as “#Bitcoin Pizza Day,” Laszlo Hanyecz, agreed to pay 10,000 BTCs for 2 Papa John’s pizzas. On the #Bitcoin Talk forum, He wrote “I’ll pay 10,000 bitcoins for a couple of pizzas … like maybe 2 large ones so I have some left over for the next day.” 🍕

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin is widely used as a form of digital cash, allowing users to make fast and secure transactions online.

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[Bitcoin Fact of the Day @btcfactoftheday]

On 5/13/2024, the State of Oklahoma has signed into law to protect its citizens' fundamental #Bitcoin rights. The law will become effective November 1, 2024.
@SatoshiActFund @Dennis_Porter_ @oklahomabtc

https://t.co/ewHMar8mF0

[Dennis Porter @Dennis_Porter_]

🚨HUGELY MASSIVE BRREAKING🚨: A bill protecting your ‘fundamental #Bitcoin rights’ has been SIGNED INTO LAW in the state of Oklahoma.

Oklahoma will now defend your:
✅ Right to self-custody
✅ Right to spend #Bitcoin and digital assets
✅ Right to mine #Bitcoin
✅ Right to run a node

It will also:
✅ Ban additional taxes when #Bitcoin and digital assets are used as a form of payment
✅ Protect the ability to mine #Bitcoin at home
✅ Eliminate the need for #Bitcoin mining and digital asset validators to obtain a money transmitter license

THE RIGHT TO SELF-CUSTODY IS LAW

Given the recent onslaught of attacks on self-custody, there could not be a more important time to send a message that the right to access and self-custody #Bitcoin and digital assets MUST be protected.

The idea that 'We the People' cannot hold our own assets is antithetical to American values. Without the ability to manage our wealth, we lose control of our destiny and the chance to create better futures for our families. This law ensures that everyone can secure not only their #Bitcoin but all their assets.

With the passage of HB 3594, Oklahoma is now leading the WORLD in defending the individual right to hold and self-custody #Bitcoin.

THE RIGHT TO MINE BITCOIN

Bitcoin mining has been under constant attack. This bill promotes #Bitcoin mining in Oklahoma. By protecting the ‘right to mine,’ #Bitcoin gives confidence to companies and investors to operate in Oklahoma, ensuring it can use this new technology to balance the grid, clean the environment, attract local investment, and create rural jobs.

Whether it's managing wind farm intermittency or mitigating methane emissions from abandoned oil wells, #Bitcoin mining can monetize wasted and stranded energy, benefiting local infrastructure and generating opportunities in rural areas left behind by the tech boom.

This bill also ensures the network will maintain its decentralization by protecting your right to mine Bitcoin in the safety of your own home.

DONATE TO SUPPORT OUR WORK!

We have now passed laws in 3 states in America with MORE COMING! 🇺🇸

We are the first organization in the world to craft and pass our policy into law to defend your right to self-custody #Bitcoin, run a node, and to mine Bitcoin.

BUT! We cannot do this without your help.
Please support Satoshi Action by donating now!

Donate USD: https://t.co/1R3F6gXvpM
Donate BTC: https://t.co/Z2FO8diquk

HUGE THANK YOU!

Thank you to @GovStitt, Rep. @SamuelBrianHill, and Sen. Coleman for all the hard work it took to move this piece of groundbreaking legislation through the process. We could not do it without your leadership!

A big thank you goes to the Oklahoma Bitcoin Association (@oklahomabtc), led by @_BTCstorm. Their relentless support and efforts were crucial in advancing this legislation.

JOIN THE OKLAHOMA BITCOIN ASSOCIATION

If you own a #Bitcoin or Bitcoin mining business in Oklahoma, you need to reach out to the Oklahoma Bitcoin Association (@oklahomabtc) and join as a member. They will continue to fight hard on your behalf to advance and protect Bitcoin business in the state and their leader.

THANK YOU TO OUR SUPPORTERS!

Without the strong support of our supporters, none of this would be possible. We look forward to celebrating this win with you in Miami!

Please look to join us in Miami on June 25th for our 2nd annual poker tournament benefit. All proceeds go to our work to defend #Bitcoin in the USA.

Smag tickets and sponsorships below👇

Our Benefit Page: https://t.co/pQTiWz7wr0

We already have great guests and sponsors. If you with to support us through a sponsorship please use the link above or reach out to our team.

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin is often referred to as a store of value, similar to gold, due to its limited supply and decentralized nature.

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[Bitcoin Fact of the Day @btcfactoftheday]

The current block reward is 3.125 bitcoin. Block 1,050,000 will be the first with only 1.5625 bitcoin. Tick tock, next block.

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[Bitcoin Fact of the Day @btcfactoftheday]

The #Bitcoin network has processed its one billionth (1,000,000,000) transaction in block 842,241 on Sunday, May 5, 2024.

A major milestone in just 15 years, 4 months and 4 days (or 800 weeks) after the network’s genesis block on Jan. 3, 2009, a decade faster than Visa.

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin be used to buy goods and services from a number of vendors, and can be exchanged for other cryptocurrencies or physical currencies such as the US dollar or euro.

Repost, like, and follow to get the facts out!

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin be used to buy goods and services from a number of vendors, and can be exchanged for other cryptocurrencies or physical currencies such as the US dollar or euro.

Repost, like, and follow to get the facts out!

[Bitcoin Fact of the Day @btcfactoftheday]

#Bitcoin outperformed the Nasdaq after the U.S. economy grew less than projected in Q1 2024.

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[Bitcoin Fact of the Day @btcfactoftheday]

Avalon, now known as Canaan, is credited with developing the first bitcoin mining ASIC in 2012.

[Bitcoin Fact of the Day @btcfactoftheday]

A biblical message was embedded into block 666,666 of the timechain.

“Do not be overcome by evil, but overcome evil with good.” Romans Chapter 12 Verse 21.

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