Passive Crypto is a community of bitcoiners that grew around passive investing. We started off just investing in stable, cash generating dividend stocks.
We have since moved on to crypto and specifically bitcoin due to high inflation and unstable economic factors. Years ago a dividend portfolio yielding 4%+ per year of any size would be stable enough to retire on, depending on your monthly costs. With inflation reaching over 10%+ in certain places, 4% just isn’t enough anymore and inflation is to blame.
This community focuses on creating passive income streams in the hardest, non-inflationary money in the world: Bitcoin.
Cryptocurrency (Bitcoin) only has a total supply of 21 million coins. This supply is fixed and cannot be changed.
Every full bitcoin can be divided into 100 million satoshis, therefore 21 million coins X 100 million sats = 2.100.000.000.000.000 satoshis in the bitcoin network.
Layer 2 scalability
Bitcoin can be scaled as a reserve currency for the entire planet on solutions such as the lightning network.
Bitcoin is digital energy because you can mathematically prove that energy was expended in mining the coin. Therefore it is the purest form of digital energy.
Bitcoin is decentralized, meaning that it operates on a peer-to-peer network rather than being controlled by a single entity.
All transactions on the Bitcoin network are recorded on a public ledger called the blockchain, which can be viewed by anyone.
There is a finite supply of bitcoins, with a maximum of 21 million that can be created. This ensures that the currency is resistant to inflation.
Once a transaction is recorded on the blockchain, it cannot be altered or deleted, ensuring that funds cannot be fraudulently double-spent.
Bitcoin maximalism is a philosophical approach to cryptocurrencies that holds that Bitcoin is the most important and valuable cryptocurrency, and that all other cryptocurrencies are inferior or unnecessary. Bitcoin maximalists […]
The Bitcoin whitepaper is a technical document that was published in 2008 by an individual or group of individuals known as Satoshi Nakamoto. The whitepaper outlines the technical details and […]
Stacking sats, also known as satoshi stacking or sats stacking, is a strategy used by cryptocurrency investors to accumulate small amounts of Bitcoin over time, rather than trying to buy […]
The collapse of the Mt Gox exchange was a major event in the world of cryptocurrency. Mt Gox was once the world’s largest Bitcoin exchange, but it eventually filed for […]