Talk:Economics of bitcoin

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Reddit
On Reddit.com you can use bitcoins to buy gold. Is that noted anywhere on the page? — Preceding unsigned comment added by 50.46.118.15 (talk) 06:14, 20 November 2017 (UTC)

Price rise of BTC fueled by counterfeit Tether coins.
The below source makes the claim that the creation of unbacked Tether coins at Bitfinex is causing the meteoric rise in the price of Bitcoin, because of the unfettered ability to sell the one and use the proceeds to buy the other (in practice being accomplished as a direct currency pair exchange). The goal of any counterfeiter is to exchange their bogus currency for a legitimate one as efficiently as possible, and in one author's opinion Bitfinex is knowingly facilitating this. https://seekingalpha.com/article/4129543-bitcoin-one-way-go-true — Preceding unsigned comment added by 73.211.91.161 (talk) 21:27, 4 December 2017 (UTC)

Coffeezilla has indepth videos exposing Tether and it's bubble effect on the crypto market. Expoing Tether-Bitcoin' Bigges Secret Tether is Hiding Something Basically, the fact everyone with crypto in their exchange hasn't yet bank run all their money out is he only reason Bitfinex/Tether haven't collapsed. Lots of forensic accounting involved, but Bitfinex and Tether are owned by the same people and funds from one are used to cover for the other and vice versa. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 15:16, 7 January 2022 (UTC)

Bubble pumping is an understatement. According to size and risk involved, it could result in a massive economic collapse. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 15:19, 7 January 2022 (UTC)

Merchants That No Longer Accept Bitcoin
I recently read an article that some of the brands that once accepted Bitcoin have changed their mind. Here's why these major brands have stopped accepting Bitcoin Dell, Expedia, Fiverr, Microsoft, PayPal, Steam, and Stripe are specifically mentioned by name, but it needs to be updated to keep track of which brands still accept Bitcoin versus which have stopped. 2601:244:80:3F60:B976:46F0:BDA1:70D9 (talk) 14:40, 24 January 2019 (UTC)

Acceptance By Nonprofits
Merchants/businesses are tough to keep track of as ones that formerly accepted it, stealthily stop accepting it without press releases. Nonprofits are easier to keep track of. Either their donate page has crypto dono options or not.

Examples:
 * Electronic Frontier Foundation BTC and BCH proof
 * Democracy Now BTC only (as in the only one that doesn't BCH or LTC alongside it) proof
 * Wikimedia Foundation BTC and BCH proof
 * Free Software Foundation BTC and LTC proof
 * Against Malaria Foundation BTC, BCH, DOGE, ETH, LTC, XRP, and SHIB proof

Note: BTC is Bitcoin, BCH is Bitcoin cash, and LTC is Litecoin.

Nonprofits that explicitly no longer accept crypto:
 * Mozilla Foundation a vague not at this time statement that leaves it vague if they may accept it again proof and yet another not accepting crypto statement, but this time blaming the ecoloical/environmental impact of crypto for the reason to not accept donations proof 2 Note: There was a one week window between these two statements, so this is why they are re-freezing aka re-banning crypto donations.
 * Greenpeace stealthily dropped crypto without a notice of doing so (no proof here, will try to find it later)

Basically, instead of possibly dated media/press releases and blog posts, nonprofit acceptance should use direct donation links (like provided above in proof link examples) as the basis of proof. 2601:244:80:3F60:E459:CBB4:A73:5490 (talk) 22:01, 27 January 2019 (UTC)

More Crypto Accepting Nonprofits with proof links in post Also, any site/nonprofit using BitPay accepts both BTC and BCH by default. 2601:244:80:3F60:E459:CBB4:A73:5490 (talk) 22:45, 27 January 2019 (UTC)

More examples:
 * The Water Project BTC, BCH, DAI, ETH, LTC, and USDC proof
 * Internet Archive BTC, BCH, ETH, FIL, XRP, and ZEC proof
 * Humanity Road BTC, BCH, ETH, and LTC proof
 * The Tor Project, Inc BTC, BCH, DASH, DOGE, ETH, LTC, XMR, XLM, ZEC proof
 * Tunapanda Institute BTC (plus many more) proof
 * Code to Inspire BTC, BCH, ETH, LTC, ZEC, BAT, LINK, and GUSD proof proof 2
 * United Way Worldwide BTC (plus many more) proof
 * American Red Cross BTC and BCH proof
 * Save the Children BTC, BCH, and ETH (plus many more) proof proof 2
 * Watsi BTC

Note: Any non profit that uses bitpay automatically accepts all fiat as well as Bitcoin and Bitcoin Cash. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 20:48, 10 January 2022 (UTC)

Summary:
 * Bitcoin: EFF, DN, WF, FSF, AMF, TWP, IA, HR, TTPI, TPI, CtI, UWW, ARC, STC, and W
 * Bitcoin Cash: EFF, WF, AMF, TWP, IA, HR, TTPI, CtI, ARC, and STC
 * Ethereum: AMF, TWP, IA, HR, TTPI, CtI, and STC
 * Litecoin: FSF, AMF, TWP, HR, TTPI, and CtI
 * Zcash: IA, TTPI, and CtI
 * Ripple: AMF and IA
 * Dogecoin: AMF and TTPI
 * Shiba Inu: AMF
 * Dai: TWP
 * USD Coin: TWP
 * Filecoin: IA
 * Dash: TTPI
 * Monero: TTPI
 * Stellar Lumens: TTPI
 * Basic Attention Token: CtI
 * Chainlink: CtI
 * Gemini Dollar: CtI

Note: DAI is Dai (cryptocurrency), DOGE is Dogecoin, ETH is Ethereum, FIL is Filecoin, XRP is Ripple_(payment_protocol), SHIB is Shiba Inu (cryptocurrency), USDC is USD Coin, ZEC is Zcash, BAT is Basic Attention Token from Brave (web browser), LINK is Chainlink (blockchain), and GUSD is Gemini_(company) Dollar. Also will provide donation link proof and/or BitPay proof or other ways to give info links proof (for when the crypto dono is separate from general dono) later after sorting through. 2601:244:80:3F60:E459:CBB4:A73:5490 (talk) 23:05, 27 January 2019 (UTC)

Note: Due to Tor Project adding wallets, DASH is Dash_(cryptocurrency), XMR is Monero, and XLM is Stellar_(payment_network) Lumens. 2601:244:0:E790:475:F16E:BBDA:6DCE (talk) 00:56, 28 December 2023 (UTC)

Note: Plus many more was added due to Giving Block being added to the donate crypto pages of TPI, UWW, and STC. The TPI proof now directly goes to the donate crypto page now. The GB box in the link has dozen of crypto to choose from, too many to list here. 2601:244:0:E790:475:F16E:BBDA:6DCE (talk) 15:46, 28 December 2023 (UTC)

Proof provided. Also, updated some other info too. 2601:244:80:3F60:E459:CBB4:A73:5490 (talk) 23:17, 27 January 2019 (UTC)

Clarified Red Cross as American specific. 2601:244:80:3F60:E459:CBB4:A73:5490 (talk) 23:19, 27 January 2019 (UTC)

Mozilla Foundation is flip flopping on crypto donaions, but it seems they won't be accepting anytime soon. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 14:31, 7 January 2022 (UTC)

Links listed more cryptos they accept, so updates. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 23:02, 7 January 2022 (UTC)

Abbreviations, summaries, and notes all synched with the updates. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 23:07, 7 January 2022 (UTC)

Notes spellchecked, so everything is fully up to date now. 2601:244:0:E790:DC1D:327E:53B1:ACE6 (talk) 23:10, 7 January 2022 (UTC)

Tunapanda Institute article links works now as P was incorrectly capitalized. Also, updated the Code to Inspire info. 2601:244:0:E790:F48A:10C5:A82B:6E7 (talk) 00:36, 21 February 2022 (UTC)

Note: Some non-profits have both BitPay links and crypto donation links, so list now reflects both. 2601:244:0:E790:94BA:8E45:34DA:ED79 (talk) 13:31, 12 March 2022 (UTC)

As a bubble
There's currently more detailed info about the economics of Bitcoin-as-a-bubble at the general Cryptocurrency bubble page than here, which seems backwards. See also Talk: Cryptocurrency bubble. I suggest moving most of that material here, leaving a brief summary paragraph in its place. Under in this article, I propose adding something like the following text:

Any thoughts? —Sangdeboeuf (talk) 01:55, 12 September 2019 (UTC)
 * Seems logical, would be better here than on cryptocurrency bubble. Jtbobwaysf (talk) 08:18, 12 September 2019 (UTC)
 * The sentence "The investors Warren Buffett and George Soros have respectively characterized it as a "mirage"[1] and a "bubble";[2] while the business executives Jack Ma and Jamie Dimon have called it a "bubble"[3] and a "fraud",[4] respectively." violates WP:NPOV. How? While it is true that Jamie Dimon called bitcoin a "fraud", the problems are:
 * The text of the section shows that Dimon's claim was considered a market manipulation by other sources.
 * Dimon apologized for the claim later on.
 * Thus, summarizing the whole issue by the claim that Dimon called bitcoin a "fraud" is a violation of WP:NPOV. Ladislav Mecir (talk) 10:33, 12 September 2019 (UTC)
 * Nonsense. Dimon's statement itself achieved noteworthy coverage in RSes at the time - David Gerard (talk) 07:10, 13 September 2019 (UTC)

Too many headers
The page is unwieldy. There are too many headers. Thenightaway (talk) 16:12, 2 September 2022 (UTC)

Original Research template
Please discuss sections with original research here. Newystats (talk) 22:12, 2 August 2023 (UTC)


 * I've now removed the template Newystats (talk) 10:24, 6 January 2024 (UTC)