Chamath Palihapitiya Believes Bitcoin (BTC) Has Effectively Replaced Gold
https://ift.tt/2WwrAwg Submitted September 30, 2021 at 09:37PM by Mars_chego https://ift.tt/2Y5Q67T
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Showing posts from September, 2021
BREAKING: Fed Chair Powell Says He Has ‘No Intention’ of Banning Crypto
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The Ethical Argument for Bitcoin Maximalism: "Over 8 years as a journalist, I've written 2000+ articles about cryptocurrency, interviewing advocates for every kind of coin. Today, I support Bitcoin only and believe the crypto market is fundamentally broken." [Pete Rizzo]
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Powell Says Fed Has 'No Intention' to Ban Cryptocurrencies
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Satoshi’s wallet has 1,000,000 Bitcoin but people are afraid their wallet may get targeted and hacked?
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There was no air-gapped hardware wallets either. Satoshi probably stored his Bitcoin access on an old laptop you would be embarrassed to be seen using these days. His wallet has been sitting in cyberspace for over a decade and nobody has been able to steal a single sat. The network has never been hacked and if it were to be hacked, there are much bigger wallets to raid than yours. People scared of their Bitcoin wallet getting hacked fundamentally misunderstand the Bitcoin network. Submitted September 30, 2021 at 05:33PM by Seebeedeee https://ift.tt/2ZOYFox
China Outlawing Crypto Transactions is Backfiring: Chinese People turn to Decentralized Exchanges and Underground Projects with no Control of the CCP
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When Bitcoin hits 45K next it will not go under 42K until it reaches over 65K (the bull run is back on baby). If I’m wrong the first person to call me out in this post gets 100AU/sats. FACT
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Starting off in BTC with my Dad, shortly before he passed away…and a word on DCA
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I first learned about Bitcoin in 2012, but started buying towards the end of the 2017 bullrun. My father was a coin collector since he was a kid, and even though he was now in his 70s and physically not well, he was still very intrigued by crypto and virtual coins. My Dad was a technology enthusiast his whole life. He worked in healthcare but tech was his passion. I can remember he bought a 1.0 Megapixel Olympus Digital Camera when it first came out, and the first CD-R on the market (I think it was a 2x Plextor). The first Betamax and VHS players, and was always building his own computers. He was never great with money, we always seemed to be in debt, but he loved his tech and we had fun! Anyway, I made a couple small BTC purchases through a centralized exchange and told my Dad about it in early December 2017. He was excited! My Dad texted me that evening with an article, saying that I should probably purchase a hardware wallet. That was my last communication with him. I planned to
I support Bitcoin, not crypto.
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I'm here because I love Bitcoin, not because I want number to go up. I support the values that Satoshi programmed into Bitcoin. Not just the values programmed in code, but how Satoshi walked away and choose not to monetize the project. Satoshi had the same ideals of George Washington ideals of freedoms and a decentralized balance of powers so there could be no king. Crypto outside of Bitcoin is all just a giant malicious scheme to redistribute wealth from dumb retail investors to VCs, devs and insiders. When there is no product, you become the product. Create a premined coin, pay influencers and media to hype up your coin then slowly dump your bags on the public. Easiest get rich scheme in the world. I don't support crypto in general. I actually find much of crypto to be abhorrent. CBDCs are frightening to human rights as it gives governments extreme control over their citizens. Centralised projects are not that different from CBDCs when you think about it, it's just Vit
Silk Road was proof that Bitcoin works perfectly well as a transactional currency.
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US Treasury Secretary Janet Yellen was slammed by Senator Cynthia Lummis for her support of a the new requirement to report every transaction over $600 to the IRS.
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"Banks do not work for the IRS. Wyoming's people literally will find alternatives to traditional banks just to thwart IRS access to their personal information, not because they're trying to hide anything, but because they are not willing to share everything," she said. https://www.dailymail.co.uk/news/article-10041521/Cynthia-Lummis-launches-tears-Biden-proposal-report-transaction-600-IRS.html Submitted September 30, 2021 at 09:59AM by simplelifestyle https://ift.tt/3F6vXj5
those who thought btc was going to 10k be like:
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Gasoline price in El Salvador will now be $0.20 cheaper if bought with Bitcoin
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What is the likelihood that the US starts taxing unrealized capital gains as income, as Janet Yellen just alluded?
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Don't be fooled by the CCP, they are
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So, as it turns out, China's government is the second biggest Bitcoin whale, only second to Grayscale. The whole "governments will ban Bitcoin" is bullshit. They just want your bitcoin for themselves. China has over 8.1 billion in BTC (at $42k) it seized from "illegal" mining operations and trades. They didn't sell it, they didn't auction it. They kept it, then they cracked down on it. You think they wouldn't have cashed out 8.1 billion if they really thought about banning it "forever"? They want your coins, and they know they can't take them. Which is why they will try to make you believe anything and make you panic to force you to give it to them willingly. Don't. Submitted September 29, 2021 at 09:27PM by TheCryptoAdvocate https://ift.tt/3zTuvfO
"Mastering the Lightning Network" by Andreas M. Antonopoulos, Olaoluwa Osuntokun, et al., is in final production. You can read the full book for free in the GitHub repo.
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Despite the recent Bitcoin ban in China, there are still 142 nodes enforcing, validating, and running the network in the country. No matter what, nobody can ban Bitcoin.
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Congress is about to turn Bitcoin taxes into a tremendous clusterfuck
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Tomorrow, the House of Representatives is voting on the infrastructure bill. I know you’ve probably read a thousand posts about this already but it seems like there’s one thing that’s been relatively under-discussed: the fact that 1099 reporting is going to turn reporting Bitcoin taxes into a total clusterfuck for the average investor. What is 1099 reporting? 1099 reporting has existed within the traditional finance space for a long time. It's meant to help the IRS understand your non-employment-related income (like the income you get from stock trading). Brokers like Robinhood and eToro are required to send this info to the IRS to help identify people committing tax fraud. The infrastructure bill would require major crypto exchanges to report the same information. What’s the big deal? My stock broker is already sending my 1099 information to the IRS anyway. Remember, Bitcoin is fundamentally different from stocks. Bitcoin is meant to be transferable, peer-to-peer, and ope
Elon Musk: Bitcoin Is Indestructible, US Government Should Keep Hands Off
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We should ALL be tracking and supporting these representatives
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China Bans Anything That Promotes Freedom — It Is an Honor for Bitcoin To Be Banned by China. Bitcoin will succeed without China. It will be more problematic for the Chinese, however.
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The two outcomes of the US Debt Ceiling Debacle
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I see a lot of people talking about, and freaking out about the US defaulting on its debts. I’m here to let you know that there are really two outcomes here and both are bullish for crypto. 1 - The US fails to come to an agreement and defaults on its debts (not likely, we’ve been here before, it will pass but they need to put on some political theater first). If this were to happen, the world reserve currency, the USD, would get crushed. US credit ratings would also get crushed. There would be uncertainty about the USDs ability to remain the world reserve currency. As a result, crypto (mostly BTC) would go up. The BTC/USD exchange rate would see its denominator decline sharply resulting in a much high price for BTC, not to mention the increased demand for people seeking USD safe havens. 2 - the US comes to an agreement and raises its debt ceiling (most likely). In this case, the US will be free to spend more money it doesn’t have and artificial money creation will ensue. Don’t get
A beginner's guide to explain Crypto to friends and family
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A summary from my 100 hours of learning Bitcoin
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Warning: It will be long, but I tried to write it in the most simple language possible Does bitcoin have intrinsic value? Imagine this: If people hire an army to guard a vault full of gold and lots of people to count the gold coming in and out, making sure the truth is maintained, and gold could be sent in and out at the speed of light, does this have value? Now think about this: If the vault only hire 3 guards with a few guns and one person to keep the count, would you trust your life saving in it? When you hear on the news that Bitcoin is using more energy than Finland, what they actually mean is: If Finland were to spend a huge amount of money to buy mining rigs and divert all its energy to attack this Bitcoin vault, Finland would lose. The truth will still be kept, your money is intact. The “Bitcoin vault” has one of the strongest defend “army” in the world nowadays in the form of energy. It also has hundred of thousand of computers keeping count, so value can go from one pla
Very soon El Salvador will use geothermal energy from its volcanoes very cheap, 100% clean, 100% renewable" energy from volcanoes to power there BITCOIN MINING OPERATION ..
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Should people in the northern hemisphere start considering mining bitcoin to heat their homes durrng the winter months?
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Very brief, saw a blip of an article on cnn a few minutes ago that suggests heating costs for natural gas could go up 180% this fall. Was thinking if individual households started mining btc with something like ant miners, would it be a cost effective alternative to just burning gas to heat your home? Theres some math to do, but I figured folks here might like to put their 2 cents into the concept. Thoughts? Is this totally dumb or just clever enough to pat off? Edit: also the article if it even matters. https://www.cnn.com/2021/09/28/business/natural-gas-inflation/index.html Submitted September 29, 2021 at 04:19AM by Kpenney https://ift.tt/3mdPRQC
El Salvador's volcano bitcoin mining is open for business
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Daily Discussion, September 28, 2021
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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. Join us in the r/Bitcoin Chatroom! Please check the previous discussion thread for unanswered questions. Submitted September 28, 2021 at 10:02AM by rBitcoinMod https://ift.tt/3CV3hHY
You are a presumptive criminal if you have cash
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Long-Term Bitcoin Holders Own 80% of the Circulating BTC
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Congress must raise debt limit by Oct. 18. Failure to suspend or raise the debt limit would lead to the first-ever U.S. default and have severe consequences for the U.S. economy.
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Citi : Bitcoin could be “the chosen currency for international trade”
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Morgan Stanley doubles exposure to Bitcoin through Grayscale shares 👍🏻
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There are so many countries that are sick of the U.S. and the bullshit they pull. These countries should simply form a coalition and phase bitcoin into their economies giving the middle finger to the U.S. No more war is something I'll sign up for.
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"So, That's the End of Bitcoin Then" - Forbes article published when Bitcoin was $15.15
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A Bitcoin Is Worth $4,000--Why You Probably Should Not Own One
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Fed Chair Powell to warn Congress that inflation pressures could last longer than expected - plus the $3.5T Reconciliation Bill will also cost $0. (This is a major BUY signal to me)
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Chivo is adding 150,000 users per day - Next stop : 3 Mil lightning users of Bitcoin
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I am a time traveler from the future, here to tell you to please keep going.
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I am sending this message from the year 2089. Things have never been so good in all of human history, and some of you will still be here to see it. If you don’t believe me, I don’t have the time to try to convince you, sorry. I know you are all busy building, and I don’t want to waste your time, so I’ll simply explain what happened. On average, every year, the value of a bitcoin continued to grow at an over 250% annualized return, that is, of course, until hyperbitcoinization began in earnest. Arguably, hyperbitcoinization began with the genesis block, but when the US government started printing trillions of dollars during the old pandemic of 2019, the world, en masse, began to lose faith in their unit of account, the US dollar. The largest demographic in the US, the Baby Boomers, began retiring. They held most of their wealth in their homes and retirement accounts (mostly equities), and as they watched the financial markets and real estate pump and dump continuously, due to money
Listening to Pomp/Maller, and they made me realize something that I hadnt quite wrapped my head around yet… the Lightning Network, is the most innovative technology in human history. Wow.
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Federal Reserve Presidents Kaplan and Rosengren step down this morning following scrutiny over insider trading in 2020.
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Dont wait to buy Bitcoin. Buy Bitcoin, and wait.
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A third of El Salvador's population is actively using its bitcoin wallet Chivo, President Nayib Bukele says
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The goldbug Lawrence Lepard describing Bitcoin as sound money
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Bitcoiners looking for fucks to give after hearing about China ban
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BTC has more than doubled (1.765x) it's user base with the Twitter adoption. Massive network effect upgrade.
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BTC 200 million wallets + Twitter 353 million advertising audience = Massive network effect expansion. Add to this El Salvador and other onboarding countries plus their diaspora = another big upgrade. Add to this how quick and cheap the BTC + Lightning transfer are = The future is here. (gotta minus China tho) Submitted September 27, 2021 at 11:19AM by Legonitsyn https://ift.tt/3obCfIe
Thanks to all the support from this community I was able to startup my soap making business. Introducing Bitcoin Soap:
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This is what China are afraid of
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2.1 million Salvadorans are ACTIVELY USING @chivowallet (not downloads). Chivo is not a bank, but in less than 3 weeks, it now has more users than any bank in El Salvador and is moving fast to have more users that ALL BANKS IN EL SALVADOR combined. This is wild! Submitted September 27, 2021 at 03:58PM by TheCryptoDadd https://ift.tt/3EVjtdX
Michael Saylor “You cant buy this kind of publicity.” Just another Michael Saylor knowledge bomb.
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Buy Bitcoin with no fees on Strike App. Looks like I won't be buying on Cashapp anymore..
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Random thoughts of a 38 year old
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If you are on reddit bitcoin, maybe you are new to bitcoin, maybe you are considering putting in more $. Here are some thoughts of a random 38 year old. Are you still early? Super early? No. Early? Yes. The vast majority of people I know own zero bitcoin. I know people with real money who say "tulips". There is NO etf, and only 1 S&P 500 company that owns it. I personally know about 30 people with net worth above 500k. ZERO have more than 10% of their net worth in btc. For those that own it, we are talking between 3-10,000 worth. The dollar will NOT crash. I've heard this for a long time. The dollar is a measurement against other garbage currencies. I expect the dollar to stay in the same range for a long time. I do believe the dollar structurally crashes in about 20 years-we are far from this. Humans always chase. Let me repeat: humans always chase. 2017 crypto, 2007 housing, 2000 dot com. Those are the ones people talk about. How about fracking in North Dakota
There's something about December, man.
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In December 2013. One year after the first halving, Bitcoin touched $1k for the first time ever. In December 2016. Five months after the 2nd halving, Bitcoin touched $900 after being in the $300-$500 range for 3 years. On December the 17th, 2017: Bitcoin hits ~$20k. On December the 17th, 2020: Bitcoin hits ~$20k. There's something about December, man. Submitted September 27, 2021 at 07:03AM by Leader92 https://ift.tt/3m4jJhV
According to this website, China currently holds 194,000+ Bitcoin.
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I had about $40 worth of Bitcoin in 2014, finally regained access to my coinbase wallet here soon and waiting for account review to see what is in there. So would that mean I have approx. $8k now? (Newbie here) if so, would it be smarter to sell or hold?
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SEC may approve a Bitcoin ETF by the end of October, says Bloomberg
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This configurable stand-alone WiFi real time ticker I coded and 3D-printed a few months ago. All Binance pairs supported. No PC needed.
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Facebook doesn't want Bitcoin to succeed
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Let's start this off with.. I don't have anything against Facebook.. In fact I spend an absolute ton advertising there, have stock in FB, and meet with FB regularly. I do have a problem with the Suggested news feed Algo items that FB spits out at me on a consistent basis so I decided to count how many Bitcoin negative sentiment versus Bitcoin positive sentiment articles they feed me and how I personally feel each time one is suggested to me. Today I finally hit 100 and the results shouldn't be shocking at all. The majority of sources for these articles are Forbes, Business Insider and Coindesk. You should know that all 3 of them are pay to play.. meaning if you want to pay $$$ your article can be featured on them. Without further delay.. of the 100, only 3 had a positive sentiment for Bitcoin. I don't follow any Bitcoin pages, don't follow any groups and don't contribute to any crypto discussions on the platform so the suggestion is purely FB's way of say
Instead of paying for an app via the Play Store with fiat, I emailed the developer directly and asked to pay in Bitcoin. He agreed :)
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If you're on the fence about buying Bitcoin, here's a 2:30 minute video to get you off it.
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It is extremely relaxing investing in Bitcoin
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When the bitcoin price is up then it is good. When the bitcoin price is down then it is good because you can buy the dip. When El Salvador adopts Bitcoin then it is Good for Bitcoin. When China bans Bitcoin then it is good for Bitcoin as China realized its potential and want to control it. USA and India don't ban Bitcoin then it is Good for Bitcoin. Everything is good for Bitcoin apparently. This is the most relaxing investment ever. Submitted September 26, 2021 at 08:26PM by nonggolf https://ift.tt/3o83GlU
Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money
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Unpopular opinion: Stop giving shit about China’s Bitcoin ban
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I see many people get annoyed and mad about China’s Bitcoin ban. But if you feel like you had enough with their bullshit, stop giving attention to them that they don’t deserve. Like how many times had they ban it? I just lost count, and it doesn’t matter. In 2017 I didn’t give a shit. In 2021 I don’t give a shit. And in years ahead I won’t give a shit. It’s like an annoying bitch ass girlfriend who says she’s gonna break up with you, this time for real; but she had been saying that hundreds of times in the past couple years. What they say and do does not matter to Bitcoin or Bitcoiners in any way. It’s meaningless and useless. All they can do is prove themselves powerless against Bitcoin. With every attempt that are destined to fail they showcase how strong Bitcoin is. Yes sure, they could send Bitcoin down for couple percents by shaking off some paper hands, and that’s pretty much all they can do. They can’t even stop people in China from stacking sats. Brainwashed cattle are the m
In the last five years 80 million Turks lost two thirds of their savings held in Turkish lira
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Could some kind of "black market" arise in countries that have banned bitcoin?
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Let's face it, the only thing governments get by banning things like drugs or guns is the creation of the so-called "black market". Can something similar happen with bitcoin with people using VPNs and 2P2 exchanges for example? Edit: So, if that happens, do you find yourself using bitcoin under these circumstances, even under threat of fine or jail? Submitted September 26, 2021 at 07:05AM by PoisonedVanillaCake https://ift.tt/3CJbte4
Nayib Bukele: Chivo Bitcoin Wallet Has Now More Active Users Than Any Salvadorian Bank
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What percentage of your retirement accounts do you allocate for crypto?
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China has also banned: YouTube, Facebook, Google, Wikipedia, and so much more. They all seem to be doing fine without their support! 🤷♂️
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The University of Wyoming begins mining Bitcoin in an event that is the first of its kind in the history of the United States.
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Visiting Barcelona and walked by two of these tonight...
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"A global superpower just declared war on bitcoin... and the market barely even noticed"
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2.1 million Salvadorians now using Chivo!!! Lets go!!
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Do you think Gavin Andresen was the primary reason why Satoshi disappeared?
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Satoshi's final email expresses frustratation with Gavin Andresen's behavior, as Gavin was fanning the flames of conspiracies about Satoshi Nakamoto's identity to the press and seemed to be in talks with government intelligence agencies over Bitcoin. My talk at the CIA went well today. The hallways there are REALLY wide, and full of interesting stuff. -Gavin Andresen I wish you wouldn’t keep talking about me as a mysterious shadowy figure, the press just turns that into a pirate currency angle. Maybe instead make it about the open source project and give more credit to your dev contributors; it helps motivate them. Satoshi Nakamoto's last email (direct email to Gavin Andresen) Submitted September 25, 2021 at 03:28PM by ShotBot https://ift.tt/3EO3eiJ
A hamster has been trading cryptocurrencies in a cage rigged to automatically buy and sell tokens since June - and it's currently outperforming the S&P 500
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Can’t stop Bitcoin run
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Tesla buys Bitcoin. El Salvador adopts Bitcoin. Twitter adds Bitcoin. Central banks attack Bitcoin. 200M users, growing faster than the internet. And yet, most people in finance and economics are totally oblivious to what is happening. What a world! 🌎 Submitted September 25, 2021 at 06:10AM by TheCryptoDadd https://ift.tt/3lUL0Dv
China's Bitcoin ban isn't new | China banned Bitcoin for the first time in 2013 | They are creating FUD
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Microstrategy CEO, Michael Saylor On China Banning BTC And Crypto: “Nothing Has Created More Wealth In The Past Decade Than Technologies Banned In China”
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Hey fellas, so, I'm from China, and I was wondering ,will I get into trouble for buying bitcoins on localbitcoin.com?
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The thing is, I have verified my identity and they have my ID information. With this China thing going on, I'm starting to worry , will localbitcoin sell out my information and get me in trouble? Are there any security measures I should take and is it ok I buy from there? Am I looking for trouble just with this post? Submitted September 25, 2021 at 10:19AM by StickyGrenade https://ift.tt/2ZvjDIN
Miner cashes out 1,366 BTC seconds before China bans Bitcoin
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China bans oxygen.
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China suddenly announced today a complete ban on all storage and use of oxygen by it's citizens. Citizens must now visit the official breathing stations twice a day to receive their allocation of the State developed O2 already referred to colloquially as the Fiart. Underground cold storage of O2 is rumoured to have begun and organised rebel breathing is now being carried out in secret. Ex-pats are looking into ways to transfer O2 into the country using Twitter or peer-to-peer means. Hedging markets have crashed resulting in artificial hedging synthetics blooming. Gas fees have hit an all time high. It is rumoured that China will be banning light next if it's uncontrolled use continues to get out of hand Submitted September 25, 2021 at 09:49AM by GreenGuppyNZ https://ift.tt/3m1CrqH
Senator Pat Toomey: Beijing is so hostile to economic freedom they cannot even tolerate their people participating in what is arguably the most exciting innovation in finance in decades. Economic liberty leads to faster growth, and ultimately, a higher standard of living for all.
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https://twitter.com/SenToomey/status/1441398417499074563?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1441398417499074563%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Fquery%3Dhttps3A2F2Ftwitter.com2FSenToomey2Fstatus2F1441398417499074563widget%3DTweet Submitted September 24, 2021 at 11:29PM by Bitcoin_is_plan_A https://ift.tt/3lWpNcn
Buying Bitcoin every month for 48 months - update
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Started stacking sats in October 2017, this month was the 48th. Looking forward to the next 48 months! Its a long game folks. Hope you get some motivation of my writings as I document my journey of buying Bitcoin every month. Its not an instawealth story. Don't feel sorry for not having a large amount of Bitcoin. Do what you can to increase your ability to keep buying month after month, dip after dip, ATH after ATH. Keep at it for many many months. It will be worth it. https://er-bybitcoin.com Submitted September 25, 2021 at 04:27PM by jamespunk https://ift.tt/3CQ0qjr
Think about this: Twitter has 350 million monthly active users, and they can all send BTC to each other.
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Today’s dip in crypto shows how stupid majority of investors are that are involved in bitcoin
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This is old news folks.. China bans crypto.. China doesn’t allow crypto.. China doesn’t like crypto. THIS IS NOT NEW INFORMATION yet people are responding as if this is brand new crucial news. Stop freaking out every time China says they don’t like crypto.. buy this damn dip bc I can almost guarantee this is going to be one of the last times to buy around these prices. Submitted September 24, 2021 at 06:29PM by Mean_Yogurtcloset536 https://ift.tt/3EQq1dG
To ban Bitcoin you literally have to ban all the worlds computers and the whole internet. I’d love to see governments try that 🤣
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CHINA CHINA CHINA! If you ban something that was already banned, is it unbanned? Or just double banned?
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Have made a personal decision to stop buying or using Chinese goods and services until the government removes the ban on Bitcoin and Crypto. Have also sold my shares in Chinese companies.
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300 million global crypto users can impose their own individual economic sanctions if they choose to make a stand. Bitcoin is the personification and crystallisation of the liberty and freedoms of humanity. The peaceful exchange of harmless cryptographic code should be a fundamental god given right if its the expressed will of a people. Yes crypto can't and will not ultimately be stopped. However any government taking a forceful action to ban it's population from participating in an open and decentralised global network, needs to be sent a clear and united message from the rest of civilization that this beach of human rights will not be tolerated. Holding or transacting in cryptographic code should never be considered a crime. The real crime is against.humanity when an authoritarian dictatorship attempts to forcefully block humans from participating.in the greatest financial liberation in history. Bitcoin is proof that every individual counts and when we collaborate and
You can only “ban” something once; afterwards you’re just admitting you couldn’t. Bitcoin can’t be banned.
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China banned Bitcoin 40 times in the last 8 years. They failed 40 times too.
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China Central Bank says All Crypto related transactions are Illegal
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I'm banning Bitcoin
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I'm banning Bitcoin today. No one can buy Bitcoin anymore or mine it. And tomorrow I am going to ban it again. If you panic sold because I said that, Bitcoin may not be the right investment for you. But for real, how many times are we going sell because of China? From now on every time I hear the word China, I'll buy more, until I run out of money Submitted September 24, 2021 at 04:32PM by Wiardv https://ift.tt/3CEMc4P
Banks don't worry about you losing your money to gambling but are worried about you buying Cryptocurrency. A skeleton is sure in the closet.
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Hey mates, think with me!!! Why is it that banks don't worry about you losing your money to gambling but are worried about you buying Cryptocurrency? Are they protecting you? Or are the protecting their businesses? Are the trying to help you put food on your table or increase their own income? There are lots and lots of unanswered questions begging for answers. And I assure you, a skeleton is sure, in the closet here. Banks let you buy lottery tickets. They let you gamble with your money day in day out. With just a few clicks, you can play around with your money on all of these. And yes, you should be allowed unconditional access to your money, because it is your money - YOUR MONEY. But when it comes to you buying Cryptocurrency, the bank's "policy" changes. I once got a message from my bank saying that, "for the safety of my money, payment to Crypto platforms had been restricted". This was the funniest day of my life. I wondered why they didn't restric
China bans Bitcoin which was banned already but needed to be banned again because the last ban didn’t ban it enough so we must ban again.
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So literally 20 minutes later after I buy bitcoin the price plummets because of China news
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Jack Mallers - Today Twitter Enables Free, Instant, Global Payments from ANY wallet.
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My Dad Bought Bitcoin
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So since late 2016 I’ve been invested and told my family members since that this is the future. No one cared. Texted my Dad offhand to buy Bitcoin a week ago since the dip, and he responded by saying “I don’t trust it and I don’t believe in just making money sitting on your ass”. I just replied “Lol, ok.” Talked to him on the phone yesterday and he said he bought a whole Bitcoin with his business partner because his partner pushed the issue. I told him I was proud of him and this is the best financial decision he could make for retirement. It’s like he forgot I’ve been talking about this for last 5 yrs. Anyways thought some of you could relate. Submitted September 23, 2021 at 07:33PM by MuayThaiCruiser https://ift.tt/3APrS0d
Jack Mallers - Today Twitter Enables Free, Instant, Global Payments. Strike API
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Do we have any active pre-2017 bitcoin holders?
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Twitter rolls out tips feature globally and adds bitcoin tipping via Lightning
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My son is my moon : I will sell my sats to get my little son and I a cosy and confortable flat.
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Hi all, I'm a Bitcoin believer since 2016. I've DCA'd every month into Bitcoin only and I've promised myself to never sell my sats unless there is an emergency situation. I've had a very good and pleasant life so far : I've been with my wife for 7 years and we have the pleasure to have a wonderful 10 months old little boy. Also, we bought a nice house together last year with a 25 years loan that we pay back every months ever since. Unfortunately, my wife has decided to break up with me recently.. We will therefore have to sell our house and move to separate flats. But my only salary will not be enough to buy a new flat in the neighbourhood I desire. Be sure that i consider Bitcoin as a thing of beauty, and I'm sure it is the best asset we can own today. But today, as my portfolio has gone up in value, I will sell a good chunk of my stack to buy the perfect spot so my little son and I will be happy in this new chapter of our life. He is and will always
Travelled to Budapest, Hungary, to pay my respects to Satoshi Nakamoto! You can !remindme in 10 years, I'm so excited for what the future holds!
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Bitcoin.org has been breached. Don't fall for the scam
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Bitcoin’s official website, created by Satoshi Nakamoto in 2009, was just hacked for the first time in history. The hackers are now running a giant #Bitcoin giveaway scam, which has already stolen thousands. Please be vigilant and never send your coins to anyone!
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Elizabeth Warren says that the Crypto is rife with scams as $80 million was stolen in a 6 month span. She fails to mention the $11.11 Billion US banks were fined for shady business & the $12 Billion consumers lost to banks from overdraft fees in 2020!
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Bitcoin has just done something fiat couldn’t for our team
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I have a dev team spreading across Europe and the USA. We wanted to have an online team lunch so to enable self service, I promised to buy each team member £20 worth of food delivery voucher. It was easy enough to buy vouchers for my team here in the UK. However, when it comes to my USA members, there was no way to pay for a voucher in Grubhub. I tried paypal and my payments got “pending” for 4 hours. I tried my Visa/Amex cards and realized the website only allow US based addresses to make this voucher order. Disgruntled, I went to bitrefill, I know it will be fucking hard for me to expense this back to my company, but hey, I promised my team the vouchers so they will have their vouchers. A few clicks, no registration needed, and one minute later, I got two codes to send to my members in the USA. I love bitcoin ❤️ The future is here. Submitted September 23, 2021 at 02:29AM by JunoKat https://ift.tt/3u311ek
Tom Brady Says He Would 'Love' to Be Paid Part of Buccaneers Salary in Cryptocurrency
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About 25% of El Salvador’s population uses Bitcoin, says president
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I’m from El Salvador, and today was my first day that I withdrew money from a Bitcoin ATM
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Bitcoin may be down 15% in the past month, but bank are closing at the second fastest rate in a decade due to the pandemic.
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Mainstream media seem to love reporting on the Bitcoin crashes, but let's not forget who's really winning this fight here. The pandemic has only served to accelerate the inevitable shift to a cashless society. Welcome to our realm bankers. More and more bank branches are disappearing from the high street, more and more bankers are working from home. The once physical and dominating presence is gradually fading away. Concearned about the impact of crypto, central banks have been spurred in to action to launch competing CBDC. When money is all digital , these century old relics that a generation was forced to bail out and prop up will serve limited purpose. Forget dips, ignore the fud, remember the revolution. Submitted September 22, 2021 at 06:40AM by jam-hay https://ift.tt/3lFMe5m
The money printer seems to be on again! - China Keeps Adding Liquidity to System Amid Evergrande Risks - Bloomberg
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Survey: One-third of America’s Swing States Residents Want Bitcoin (BTC) as Legal Tender
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Urge Your Local Representative to Vote NO on the Infrastructure Bill
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The U.S. Congress is set to vote on Monday whether to pass the infrastructure bill, which includes multiple provisions that are damaging to Bitcoin and the LN. If passed, it could drive jobs and wealth overseas. It is bad for America. If you are American, you can make a difference by calling or emailing your local representative and urging them to vote NO on the infrastructure bill because it includes multiple provisions that are hostile toward Bitcoin. https://www.house.gov/representatives/find-your-representative Submitted September 22, 2021 at 09:28PM by Always_Question https://ift.tt/3hWBpv0
Philadelphia 76ers unveil new uniforms with sponsorship from crypto.com.
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Why the war on bitcoin has just begun; powers that be cannot let their monopoly be broken apart by free people trading without their rules and their control.
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Fuck "talk to your representatives" This new bill and the many which will follow is the type of corrupt government bullshit that bitcoin was invented to free us all from. Source: the Bitcoin whitepaper. ("Without going through a financial institution.") While you're writing letters and bleating about this in your blog or on Facebook, the banks are sending these guys millions or BILLIONS to stop crypto dead in its tracks, because it is a clear and present danger to the current extortionate monetary system which lines their pockets. The terms for Extortion are roughly the following conditions: goods of dubious value/ Sold at high prices/ Consumer is not given a choice to buy/ When the consumer baulks, violence is used to enforce the arrangement. This description perfectly fits fiat currency. Bitcoin is the 'baulking' stage as we try to get out of the fractional lending charade. No large scale monopoly has ever gone down without a fight. USA has used
I created gadget that shows crypto price real time. You can add up to 5 coins
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Coinbase Joins $8.5M Raise in Crypto Project Bringing DeFi to Bitcoin
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8 years ago someone here correctly thought Bitcoin would arrive at a market cap of 1 trillion USD
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Bought a bit too much at $48K but still HODLING, is anyone in the same boat as me?
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Whales added 180,000 BTC in two months and miners recovered 52% of hash power, indicating no fundamental changes took place in the recent Evergrande-led sell-off
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Exclusive: About a third of swing state voters want crypto as legal payment in their state
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Evergrande’s Situation on Crypto
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I keep seeing people post about Evergrande making interest payments on time and that the world is good again. I used to work on a bulge bracket Asia HY bond desk and this is not the case. Twitter and the Media is missing the full picture and no one has pointed it out yet. 👇 We aren’t fully out of the woods. There is a difference between onshore (denominated in CNY) and offshore bonds (USD). Evergrande has offshore coupon denominated in USD due Sep 23 and have yet to make an announcement on those. Given a choice, they would pay onshore first. Should they decide not to pay USD, this will hurt global investors regardless. That said, there is still a 30-day grace period so it’s not end of the world, even if they don’t. The CCP won’t directly step in but they will save the house buyers in the case of a default (so they don’t see any protesting etc). SOE banks will be the first to get screwed and majority of loans/commercial papers are to them. The scary part is that we’re not too sure
While bitcoin is in a dip should i buy right now?
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Why most people will never make big gains , even if they want to (a short essay to inspire you)
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So many of my friends, family & work colleagues proclaim in despair.... " if only i had bought Amazon back in the day or Facebook...i'd be set for life!". "buy BTC then" i say. They laugh. Heres the thing.... Most people desire a decent level of wealth. Its not about lambos, its about having a decent level of freedom & security. It's about being able to look after your loved ones when times are hard. It's about having the freedom to do what you want , when you want. But heres the catch. Most people don't have the bottle for it. They will sell when they get a +25%, +50% or x2 gain on anything. And they will definitely sell it when it goes down by more then -25% . Thats true for Amazon ten years ago & BTC today. You see these people look at the Amazon or Facebook stock chart & they don't zoom in. They ignore the extreme volatility of the day to day, week to week. They forget the FUD, the naysers. They f
You Bitcoin fuckers do not understand money. I'm here to drop some knowledge on you
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I've been listening to Bitcoin podcasts and reading posts on here and I've noticed a lot of you Bitcoiners are falling into the same logical error that I would expect a Keynesian economist or a particularly smooth-brained chimp to fall into. Fortunately I'm here to educate you guys. Money is NOT a tool primarily for spending. This is NOT the most important feature nor primary purpose of money and is NOT why money has value. You do NOT use money when you spend it on a ham sandwich. Money is a tool primarily for saving. This is the most important feature and primary purpose of money and is why money has value. You begin using money when you save in it and you cease using money when you exchange it for a ham sandwich. This is why Keynesians and midwits with limited cognitive ability do not and will never see the value of Bitcoin. In their limited minds spending is what is important and this is why they go on and on about nonsense metrics like GDP. Bitcoin is not especi
The simple elegance of Bitcoin's monetary policy
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15% drop in crypto currency holdings yesterday, but I didn't lose a single dollar...
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How many people measure their life savings in terms of BTC?
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My Moon
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I just sold half my bitcoin to pay off debts, buy an engagement ring, and fund our wedding next summer. I couldn’t be more happy! Reading others moon stories has been a real blessing as it gave me the wisdom to realize some people’s Lambo is a Minivan filled with laughter and love. And who knows, maybe in another five years it will pay for a house and future college tuition. Thank all Submitted September 21, 2021 at 12:56PM by elidevious https://ift.tt/3nROvNz
Don’t trust safe deposit boxes for your seed phrases.
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The work of PlanB (@100trillionUSD) S2F Bitcoin being discussed on Dutch national TV during prime time.
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I’m from El Salvador… UPDATE 2
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Hi, it’s been a while since my last post so I want to give everyone an update adding also my personal perception on how things are going. To begin with, chivo app (official wallet) haven’t been fully released to all android phones although it’s just a matter of time. Here’s a recent tweet from president Bukele saying 1.6M Salvadorans are alredy using chivo app. Bukele also tweet that chivo app is 100% functional, however there are still many issues to be solved. UX design problem, lightning network (LN) is hidden. ( See here some screenshots ) Most people don’t know the differences between Layer 1 (L1) and LN, they just tap “receive” and show you either the USD or Bitcoin qr code. Transaction in LN are ok. L1 transactions between chivo’s app are ok. L1 transactions from chivo app to other wallets (Trust, Exodus, etc.) takes days to arrive. I send a $2.00 transaction on sept. 8 (the same transaction I talked about in my last post) to my exodus wallet, today’s sept. 20 an
They will attempt to say bitcoin is a failure and will not work in El Salvador. They are using the Fake China Financial Crisis to tank BTC.
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Bitcoin price flash crash prompts El Salvador president to ‘buy the dip’
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I feel like I'm in a Black Mirror episode.
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Evergrand's collapse in China and this global short-term economic pull-back shows humanity has learned nothing from the 2008 housing and financial collapse. Different reasons, same fuckery. Do not stay blind to the ABSOLUTE OBVIOUS FUCKERY that corporations, and banks, and governments pull on people. FIAT IS INFLATED AND DYING, but so many ignore it. All the new printed money goes first to the central banks and all the players that manipulate the game, leaving crumbs to the ordinary people and fucking the poor over even more. FEAR, DISTRACTION, and CULTURAL CONDITIONING LEAD ALL OF THIS. RIGHT NOW there's highly idiotic cryptocurrency policies placed in the US infrastructure bill that is utter nonsense. Major news outlets are controlled by entities that don't want a monetary network like bitcoin, that is true with integrity and transparency and honesty, because it exposes the manipulation and tactics governments and billionaires and hedge funds and etc play. Covid isn
Never go back to fiat. Never sell. Hold for a new world.
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Something I have noticed as of late (this past year) is more and more people are becoming bitcoiners but they seem to be using this as a financial accelerate to trade back to fiat. Presence of the idea bitcoin will make you ""rich"" My premise is to not sell and continue holding the coin until widespread adoption. Does anyone else feel this way ? I anticipate holding until I can buy groceries with bitcoin and treat the current hold like a massive compound interest. I want to have crypto as my whole life, this is the future. I dream of true fiscal liberty, decentralization and an end to the Saudi oil cartels relationship with the US dollar the fed and our corrupt politicians. I'm holding for the future - a vision of a new world..what about you guys ? What are you holding for ? It's okay if it's a lambo, if that's what drives you. But it could be a lot more if only you can see what I see. Also- thank you for the rewards. What a welcoming commun
El Salvador buys more 150 bitcoins and now holds 700
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All things worth less because one Chinese real estate company?
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I've been reading about Evergrande and I really don't get it. Can anyone explain this to me like I'm 5? I'm guessing all rich people are selling everything because something bad might happen? Or will happen? Should I be selling all my shit? Edit: Not gonna sell all my shit lol. I was in a kind of a hyperbolic mood. Just feeling impatient with how people at the top fucking up means we all lose value, even if temporary. Submitted September 20, 2021 at 04:54PM by Ecksist https://ift.tt/39mzbjK
Good thing china banned bitcoin months ago! China's financial system is colllapsing and it won't impact Bitcoin since theres no bitcoin in china.
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I bought the dip, back to playing video games.
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I started during the FOMO peak in April. So far, all Ive ever one is FOMO. Its time to change. No more stop losses. Just keep cash on the sidelines ready to buy in. Its time to think like an institution. I'm swimming around like a shark waiting for more dips. Submitted September 20, 2021 at 04:58PM by Im_not_a_robot_8634 https://ift.tt/3EJYqem
Friend dropped out of college to day trade because he believes he can predict the charts using astrology.
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Ive been completing nursing school with a good buddy of mine for a while now. We have one year left. Last year I got into crypto around christmas time and I told him about it too. He has taken this so much further than I ever thought. I like to stick to my guns and just accumulate and hodl. He is convinced that he can use astrology to predict the charts down to the cent and day with the moon. Yes, Astrology. He has since dropped out of school, and is basically committing all his time to astrology and the markets. Does anyone else think like this? Am I the crazy one? Or is he? Submitted September 20, 2021 at 07:19PM by Chasekt98 https://ift.tt/2XGItVu
According To El Salvador President, Nayib Bukele, 1.1 Million Salvadorans Now Using Chivo Bitcoin Wallet
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