Only Bitcoiners will understand
https://ift.tt/mRJs9QA Submitted November 01, 2022 at 04:19AM by TheBTCTherapist https://ift.tt/dfA7k1Y
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Showing posts from October, 2022
Gonna bury this and check back in 10 years. Cheers to the future my friends
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Positive thoughts towards BTC
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(Im 16 and this Is after having a small convo with my father about BTC, if im wrong please correct me) Recently i've noticed with the world having a lot of s*** going on, such as wars, terrible world leaders, financial crisis etc, all I see from this is the beauty of bitcoin, and the thought of being away from it all, and safe with bitcoin. I love the thought of the government who I more and more start to dislike, don't get access to what I do with my money. I pray BTC comes back to where it used to be, the beauty of bitcoin and capabilities are huge, and im so glad i'm alive to witness it all. Submitted October 31, 2022 at 02:45PM by mrmanic123 https://ift.tt/kAazTWS
Bitcoin can reach $22,000,000 per coin as it demonetizes the savings premiums of other asset classes
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Would a 51% attack work if most of the hashing power was with malicious hands, but most nodes (inc. non-miners) were still honest?
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If this was the case, wouldn’t most nodes just refuse to enter the double-spend into the mempool? So, to attack you both need most of the hashpower AND most of all the nodes to be controlled by you. Or does the former give you the latter in the current circumstance? Submitted October 30, 2022 at 04:36PM by Leading-Fail-7263 https://ift.tt/xvMt9Ci
For those suffering from inflation and seeing the price on wrenches rise - just print one, 100% infill add a couple washers for added internal weight and you can do it for a buck
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The U.S. Will Weaponize The Dollar By Backing It With Bitcoin
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Cryptocurrency miners line up to come to Texas, and rural counties are welcoming them
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Pump Up the Jam! Pump It Up! Pump It Up.... NOW PUMP IT
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Japan to okay $490 billion in stimulus to cushion impact of inflation
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Bitcoin is trading at $1,250,000" in Zac Efron's latest movie "Gold"
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Lugano Plan ₿ Forum is going to be lit ⚡️ Who's here?
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I hodl but the argument about average housing cost surpassing wage growth is really not the great argument. If you build a house the way people used to build in 1930s, you can probably build it at one's average annual household income or at a small multiple.
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"I’m Buying @BITCOIN Right Now" | Says President Obama's Deputy Chief of Staff Jim Messina |10/26/22
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Bitcoin distribution trend makes it suitable to become a world’s currency
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Consider the inherent characters of fiat and Bitcoin: - Fiat starts distributed, then over time, concentrates around the entities that are close to the source of printing and lending. Fiat world already concentrates more than half of all value on 1% of people. These 1% of people will never want the system to change and currently have the political, military power and media power to keep this system going. - Bitcoin starts concentrated, but distributes over time, the distribution at this exact moment is not “ideal” in many people’s view. However, on its way to become ever more distributed, it offers billions of “fucked” people in the fiat world a choice to “opt-in” to a safe financial place where their wealth is much better protected. I look forward to seeing Bitcoin concentration lowering after every 4 years, make no mistake, this won’t be overnight, just as the world that maxis envision: gradually, then suddenly. Submitted October 26, 2022 at 11:38AM by JunoKat https://ift.tt/8C
Bitcoin button on the cardboard recycling dumpster at work
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destroying bitcoin
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Given all the bitcoin network stands at 14k nodes, and they are all open locations, is it possible that governments could band together and cooperatively find and destroy all the nodes on the network,and therefore destroy bitcoin? Practicalities aside that is... I'm asking in terms of how this kind of event could mitigated against. Submitted October 26, 2022 at 09:31PM by classjoker https://ift.tt/VpIR6zN
Look at these beautiful Miners 😍 setting these bad boys up all day is a pleasure
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40 Million Cash App Users Can Now Send And Receive Bitcoin Lightning Payments
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Which Bitcoin Lightning project currently in development are you the most excited about?
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UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments
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Today I got paid in Bitcoin for the first time and I feel great about it.
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There's this colleague of mine who told me they have some Bitcoin while we were having a conversation during a coffee break. They had their Bitcoin on one of the well known exchanges and I explained them that Bitcoin on an exchange is the equivalent of fiat currency in a bank account. The usual "not your keys, not your coins", you know the drill. Surprisingly, they knew that very well but they had been postponing the withdrawal because they were afraid that something could go wrong as they are way far from being a tech savvy person and easily scared to do anything that is not sending a message via WhatsApp or checking their emails. I offered to help but we didn't really manage to schedule a day and time to do this for various reasons up until last week. This colleague came to my desk asking for help with some IT issues related to their company laptop and told me that they are going to leave the company in January to focus on a different career path as a freelancer.
Cash App Users in the US Can Now Recieve Bitcoin Through Lightning Network
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US DOJ charges 13 Chinese spies for trying to thwart latest Huawei criminal probe: The spies allegedly paid $61,000 in bitcoin to an agent working for the US government.
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UK Prime Minister is pushing heavily to introduce a CBDC
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Bitcoin Mining setups you've never heard of - drying seaweed, Kenyan hydro dams, cooking oil and more!
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Daily Discussion, October 24, 2022
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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 October 24, 2022 at 10:06AM by rBitcoinMod https://ift.tt/xQ0bFDj
MasterCard Wants to Convert Bank Accounts to Cryptos – But Remember, You Don’t Need a Third Party to Buy Bitcoin. Bitcoin is here to free you from MasterCard and the other financial giants of the current system.
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Off strike and on chain for the first time! A proud moment.
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Bitcoin is designed for separation of money and state
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Just like before w/ separation of church and state. We now have merger of corporation and state. The only way to break free is through UNREGULATED Bitcoin. Don't be so short sighted. Lowered interest rates and regulation will make you fiat. Is that why you're in this? B/c that fiat will eventually turn to fucking dust whilst you're at the mercy of entities that tell you when and how you can spend your precious CBDC's. Unregulated Bitcoin will SMASH the corrupt system to the point where there will be no need to return to fiat. Submitted October 23, 2022 at 07:36PM by scottonfire https://ift.tt/Z6j2ofu
Don’t you all think the next bull run will be epic?
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Hodlonaut Wins Norwegian Lawsuit Against Craig Wright
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United States: a new rule could encourage companies to buy Bitcoin (BTC)
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Bitcoin powered heating for 40-room hotel in Europe
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Bitcoin is now more stable than stocks, based on a measure of volatility of the S&P 500 and bitcoin, according to data from Bianco Research. That may indicate a bottom for bitcoin, one observer said, a possible bullish sign for the world’s leading cryptocurrency.
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Took the "Proof that fiat is dead" post and added the "Berry Allen grave meme" and Bitcoin, made multiple options to choose from too
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Daily Discussion, October 21, 2022
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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 October 21, 2022 at 10:04AM by rBitcoinMod https://ift.tt/z8Wp0SB
Fiat has robbed countless generations of human flourishing and prosperity. Bitcoin is our only hope
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The hard truth
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The global economy is heading towards the worst recession/ depression since the early 1900s. Cryptocurrency right now is the riskiest asset to have. I know a lot of people think that this will be a “mild recession” but all of the facts point otherwise. Crypto will be the first thing that people dump once everybody realizes what’s really going on. I Hate to be the bearer of bad news here, but there’s a LOT more room to fall. I’m all for bitcoin and Blockchain technology, I’ve been in the space since 2017, been through multiple bear markets, and a recessions, and I honestly believe that this will be the worst one of our lifetime. Don’t hold on in hopes for crypto repeating previous chart patterns, because it has never been put against the type of test like the one we’re about to face. Save your capital and buy when there’s actual blood in the streets. Down vote this post IDGAF, but all I see is Hopium and delusion from 99% of people. Trust your gut and Look at the facts. Submitted O
80% of all US dollars in existence were printed in the last 22 monqths (from $4 trillion in January 2020 to $20 trillion in October 2021) | Tech News
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When Whiteboard Economics Collides With Reality (why PoW is better than PoS)
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Daily Discussion, October 19, 2022
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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 October 19, 2022 at 10:08AM by rBitcoinMod https://ift.tt/0ncHY1O
Two people having a random conversation about a not much used currency called Bitcoin, 8 years ago
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Q3 2022 data just released by the Bitcoin Mining Council. Don't let people sway you with energy FUD.
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The dollar is surging compared to other currencies AND bitcoin.
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I’m not an economist, but as an American it feels really weird for Bitcoin to be dropping in value at a time when the dollar is being diluted through massive inflation. What I think I figured out today, is that because Bitcoin is a global currency, and because the global economy is horrible at the moment, people around the globe are selling Bitcoin to survive. That’s the major driver; not fear of Bitcoin being a bad investment. They just need cash right now. Now that sell off may have triggered some fear as the price dipped, but this makes me believe that it could come back really strong and really fast as the global economy stabilizes. Especially when combined with the massive inflation of the dollar. Thoughts? Submitted October 19, 2022 at 02:47AM by RobKAdventureDad https://ift.tt/yeFXnJt
Is it weird that one person owns 5% of the money?
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Working on a pro-BTC, anti-CBDC campaign. If you'll put stickers up in public, DM me an address and I'll send some to you
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Why is the argument often brought up that people will not want to pay for coffee with BTC, because they expect its price to appreciate?
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I don't get it. Let's say a cup of coffee is $3. That's 15675 sats today. What difference to your future wealth potential does it make if you pay with sats or dollars? If you pay with sats, you have less BTC and will miss out on the gains from its future appreciation. But if you pay with dollars, you have $3 less to invest in BTC and benefit from its future appreciation. If spending BTC on coffee is stupid, so is spending dollars on coffee, because every dollar spent on coffee is a dollar not invested in BTC. A more interesting argument to make would be: in a world where Bitcoin exists, why would anyone buy a cup of coffee and NOT invest the same amount in BTC? The short answer: the existence of a store of value like Bitcoin can lower people's time preference and make them consume less. Still, they will continue to buy coffee, because, well, they like coffee. That, however, has nothing to do with the form of payment used. If you've already decided to cough up
My journey to start understanding Bitcoin
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At first, I thought in order to understand bitcoin, I needed to understand blockchain, hash rate, complicated mathematical problems. Turned out, the thing that taught me the most about Bitcoin is my further understanding of the phrase “My money in the bank”* - Digging a little deeper I realised it’s not in the bank - Then I realised it’s not my money - Then I realised it’s not even money *I got this analogy from a twitter post, I couldn’t find the post again to give the original author credit but this journey really was what opened my eyes to Bitcoin Submitted October 18, 2022 at 12:39AM by JunoKat https://ift.tt/jxIkhCy
(regarding future inflation) "Why 4 to 6%? Because it has to be a level that the government can get away with. Financial repression means stealing money from savers and old people slowly"
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Portugal Plans to Impose 28% Tax on Crypto Gains - after 1 year is tax free - HODL
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To those of you still hodling strong... you are the true diamond hands
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I just think it's funny how there was all this diamond hands hype during the 6 month bear trend in 2021 and then early in 2022 and now I haven't even heard the term "diamond hands" in months. Guess a lot of people had an easier time shit posting than they did actually hodling. Now that we're officially 1 year into the bear market, I just want to say congrats to the real hodlers. Keep strong... we probably have another year to go, if not longer... just remember these are the times that make you worthy of your stack. Submitted October 17, 2022 at 08:14AM by thecahoon https://ift.tt/i0yQetW
33 BTC were traded in Venezuela last week (measured only using LocalBitcoin)
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Hi guys, just posting this to keep the tradition! Hope you are doing good. As I always do, this is my update of the stats here in Venezuela (Venezuelan living here). Nothing excitng this week, 1 BTC less than last week. So monthly average is around 120 BTC. These stats are only for LocalBitcoin (because they make them public), other exchanges are Binance, Airtm and Reserve. Binance is king with P2P even with Bolivares! One BTC trades at 167,000 Bs. (Bolivares), remember that since 2007, 14 zeroes have been removed from the currency by law. Monthly minimum wage still under 16 USD and average around 100 USD. Crypto has been used for years so people would exchange their Bolivares as soon as possible! Some people use them to send remittances to their families here and also people mining (house electricity is free, here mining with GPU is still profitable hahaha). https://www.reuters.com/technology/venezuelas-economy-regresses-crypto-fills-gaps-2021-06-22/ https://en.wikipedia.org/
I need some help with cold storage!
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Hi everyone! I plan to set up a cold storage wallet and I would like to hear your opinion if described method is safe enough. I have an old phone which I would use to download blue wallet, disconnect it from Wi-Fi, turn of my Wi-Fi router, generate wallet,write down seed phrase and import my public address to my new phone for watch only wallet. After that destroy my old phone and store the seed phrases. I’d use this wallet as my vault, only to store bitcoin. So only depositing, no other transactions whatsoever. Then when and if time comes to withdraw I’ll import the seed phrase and withdraw. Is this considered safe enough? This would be my retirement wallet so I don’t plan on using it for a long time. Thanks! Submitted October 16, 2022 at 03:20PM by marko0062 https://ift.tt/cXftOZU
Daily Discussion, October 16, 2022
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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 October 16, 2022 at 10:01AM by rBitcoinMod https://ift.tt/5qJYhod
After sitting in an USPS facility for nearly a month, it arrived!
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Percentage of Canadians who own bitcoin tripled in 2021
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4k transactions at Bitcoin Amsterdam. Average transaction value 丰39,358
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Evil Bloomberg says: "Meanwhile, the Bitcoin world is in a race against what’s known as ‘the halving’. In 2024 the algorithm is set to become twice as difficult. That means it will require twice the computing power to create a coin—and twice as much energy, taxing the Texas grid even further."
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Failed at buying Nuts at the Fair with Bitcoin, Disheartening
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Every year at the NC State Fair, there is a nut seller who proudly displays Bitcoin Accepted sign. The only one, mind you, of 200+ vendors at the fair. Every year I make it a point to spend my most prized physical possession on random nuts at this tent. My kids, who were born shortly after I discovered Bitcoin, were there with me also. I am raising them to be Bitcoiners and these moments are important for that purpose. Selections are made. Time to pay. I got the Mycelium wallet on my trusty Oneplus 6 at the ready for a lightning transaction. Upon hearing my Bitcoin payment selection the guy manning the register looks puzzingly at the crudely arranged payment system that resembles an Ipad with some sort of card reader attachment (not Square). He throws a question to a lady at the back who comes up to help. She can't figure it out after flailing at the screen for a couple minutes and gets on the phone. She calls somebody (the owner presumably) and they get her to a screen that show
The ‘baby boomer’ generation have fucked us all (home ownership, student debt, environmental damage, wealth inequality). Wouldn’t it be beautiful if millennials and gen-z’s actively endorsed a monetary ethos of using crypto to completely offset the grossly inflated wealth of this generation?
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I would like to own my piece of the Bitcoin pie, and would like to start to incrementally acquire it. However, I’m curious as to which is the best method to buy. Is Coinbase a good place to start buying and holding, or should I find another option?
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Visualization of 16k Lightning nodes and their 140k channels
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Will finally have 1.0 btc by end of next week. Proud to achieve this big goal of mine
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It was a long slog of regular DCAing, but I'm about to finally see a full bitcoin in my ledger. No real point to this post except I'm proud to finally get there. For all of you still battling through, you're improving your future day by day. Submitted October 15, 2022 at 05:56AM by throwaway5884691 https://ift.tt/jw3QlxR
Bitcoin projected to become first monetary system to hit net zero emissions by 2024
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ECB: "Bitcoin is too volatile", "Bitcoin cannot be a currency", "Our job is to maintain the value of currency" ... What about the euro?
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I just exited a country with a million dollars worth of Bitcoin.
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So many people just get stuck on the fact that bitcoin is intangible. But I say thats a good thing. Just like you cant hold what you cant see, you cant confiscate what you cant see either. I got on a flight with my seedphrase on me and there was absolutely no way anyone couldve known about my bitcoin. There isnt a single asset that couldve let me do this freely. Sure there are shitcoins and stablecoins. Other than them being centralized, they arent even built to be money. They are all promises or straightup monopoly money. My conviction about bitcoin is higher than ever and even if people dont like bitcoin now, they will surely need it as some point in their life. And it might be too late then. Ill continue to buy all the bitcoin that the paper hands sell to me. P.S : This is a throwaway account. Youll have to do a "trust me bro" on this story. Sorry. Submitted October 14, 2022 at 11:10AM by [deleted] https://ift.tt/0W2Ciep
Bitcoin Will Hit 1 Billion Active Users In Next 3 Years, Predicts Willy Woo
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Can we stop stacking the chips so high against us?
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Every time I see something about BTC replacing big banks or USD, or curing all our energy problems any time soon I just want to smh a little. This is why people laugh at us and so many people have this comical internet money type of perception to this insanely disruptive tech. The reality is BTC can play a huge role in the way mankind transfers and holds value but its not replacing USD any time soon. I don't need to go over the properties, I've read Bitcoin Standard etc. and undeniably BTC is not going anywhere and will continue to click for people but BTC needs to coexist with other financial vehicles first. If we keep claiming it as this magic money that will replace everything else it just sets us up for failure imo. Let people believe it on their own by educating them on reasonable attributes Instead if "BTC will replace USD", I like to say it can't be debased like USD and cant be confiscated. You arent forced to use it and the people who chose to only do so
Canadian Bitcoin Ownership Jumped from 5% to 13% in 2021
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Sign at Ellan Vannin Hotel - Bitcoin is winning
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Is Fiat Cancelled Yet? We Sure Hope So! Buying Beer w/ Satsback Custom NFC card ⚡️
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Brazilians, the time to adopt Bitcoin is now. RIGHT NOW.
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First of all, I’m Brazilian. Summing up the situation, Brazil is currently going through the period of presidential elections, and is in the second round, where two candidates are running for president. Maybe you've already seen one of the two somewhere, one of them is Jair Bolsonaro, and the other is Luiz Inácio (known as “Lula”). I will not go into details about Jair Bolsonaro, he is a candidate with international support for Trump and avowedly on the “right side”, he has served as president for the last four years. The problem is about the other candidate, Lula, who is winning in total number of votes. Everything indicates that, in fact, he will become president of Brazil. His party ruled the country for many years before Jair Bolsonaro, and ignoring all the corruption scandals, it has always been a party turned to a socialist side, benefiting the poorest with financial assistance and other means. The government of Jair Bolsonaro, as much as it had its flaws, was always more f
Tor Is Under Attack And Bitcoiners Must Help Fix It
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Enjoying a Sats powered beer in Amsterdam using LN :)
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Grayscale Investments Files Opening Brief in Lawsuit Against the U.S. Securities and Exchange Commission
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Edward Snowden: Chancellor on brink of second bailout for banks
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Governments are good at cutting off the heads of centrally controlled networks. Pure P2P networks can hold their own - Satoshi (2008)
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Google Partners With Coinbase to Accept Bitcoin and shitcoin Payments for Cloud Services
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MERCHANT PSA: GoCrypto baits/switches Bitcoin, shows fake “receive bitcoin QRcode” and instead directs bitcoin spenders to GoCrypto’s bcash-pushing app. Advise to stay clear of GoCrypto
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Sam Bankman-Fried, Bitcoin's & Freedom's greatest enemy
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Bitcoin depot in Good Chef restaurant Miami, FL
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My pockets ain’t as deep as some of you kings, but I’m doing what I can. Monthly DCA
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Difficulty just went to ATH. I can't make jack squat mining with this S19. Should I just cut my losses and sell it? Bought for over 10 Gs back in September '21, now could get maybe $2,500 for it. Will it ever be good again? My power costs 10 cent/kWhr.
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Bought the thing a year ago, it was producing over $20/day profit at one time, but hasn't been profitable in months. It's just sitting there, losing value. Sell it and be done? Only thing, I always wanted to help the BTC network... Submitted October 11, 2022 at 02:31AM by RonPaulWasR1ght https://ift.tt/YUa9Aks
Is investing in Bitcoin your only plan to become wealthy?
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How much BTC will be good buy for 5-6 yr future ?
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Celsius Network Leaderboards: $40m losses
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Just saw this website on twitter: https://celsiusnetworth.com/ There is stats and leaderboard about losses. It uses public data released by Celsius Someone lost 40m$... https://celsiusnetworth.com/Jacob-Benjamin-Fite.htm That's incredible, how is it possible to keep 40m$ of crypto on a CEX ? I mean, how can you sleep with that ? By the way, Alex Mashinsky barely just lost 15000$ https://celsiusnetworth.com/Alexander-Mashinsky.htm Very, very weird. We saw from public documents published by Celsius that he withdrew, with other executive staff, all of its holdings from celsius just before halting withdrawals. Finally, this guys, number 7 on the list, who lost millions in 2021 , has $15m stuck in Celsius: https://celsiusnetworth.com/Zaryn-Dentzel.htm Submitted October 10, 2022 at 02:20AM by spartanz51 https://ift.tt/x9JXn0F
SOUTH CAROLINA DELEGATION GOES ON BITCOIN EXPLORATORY TRIP TO EL SALVADOR
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Is it legal in the US to open for example a restaurant that can only accept Bitcoin as payment?
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My uncle has a bakery and he initiated this question what if we accept both cash and crypto? Then this question came into my mind what if we "only" accept Bitcoin? I remember a long time ago a person told me as a fact that businesses in the US can not deny cash/card payments but I might misunderstand. I am sure someone has asked this type of question before but I just wanted to also know more details about which law exactly will be violated if such a thing is illegal. Also would a restaurant (physical entity) and an "online business" make any difference? Submitted October 09, 2022 at 05:59PM by cyrusIIIII https://ift.tt/4gF2KOy
Bitcoin is the only escape. Prepare today so you aren’t helpless when it matters.
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Why Bitcoin? This is why... "New PayPal Policy Lets Company Pull $2,500 From Users’ Accounts If They Promote ‘Misinformation’"
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PayPal’s new bullshit will drive crypto adoption.
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PayPal threatening to fine people over speech will do more to drive crypto adoption than much else I’ve seen. Agree? Edit: they already reversed their decision lol but it’s a good warning of what legacy finance and a CBDC could do Submitted October 09, 2022 at 03:02AM by jlstg2 https://ift.tt/rx3XUO7
Damn good response to “Bitcoin has no value” post.
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Beer paid over Lightning Network using an NFC card. It is getting easier and easier to use hard money.
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Started about 10 days ago. A new whale buying about 10,000 BTC everyday and moving them into cold storage
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Decoupling? Bitcoin up 1% over the last month while the rest of the market is down 8-10%..
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What BTC Did: Is BTC Privacy Possible With This New Tech?
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What Bitcoin Did is a podcast hosted by Peter McCormack , and in this episode he is joined by Nicholas Gregory , the CEO of Commerce Block , the company behind Mercury Wallet . They discuss how statechains can enable privacy, how to onboard BTC Lightning users, and look at the interface of Mercury Wallet. Read our notes below to learn more. Background In the past, he worked as a TradFi developer for banks. In 2012 started to get into BTC. Went full-time around 2016. Statechains on Mercury Wallet Mercury Wallet produces statecoins in which BTC can be put in and then transferred. An address with two private keys is created, where one private key is with the user and one with the recipient. To transfer it to another wallet, the recipient should create a statecoin address in Mercury. There is cooperation between the sender and statechain server to tweak the sender’s private key and generate a new private key for the recipient. With the two private keys, you’re creating one
They did it folks… the DOW is officially more volatile than bitcoin.
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advanced AI was given the task to display the founder of Bitcoin Satoshi Nakamoto, after many iterations this is the result
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Here's why governments can't actually "ban" Bitcoin.
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Paying with Bitcoin at Subway in Berlin (Chausee Straße)
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JUST IN: EU to require #Bitcoin wallet providers check users' identities - CoinDesk. Good luck with that.
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Daily Discussion, October 06, 2022
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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 October 06, 2022 at 10:06AM by rBitcoinMod https://ift.tt/SHn2GFr
"... really patiently acquiring an asset I can trust in, cause I actually don't have to trust anybody" @jackmallers, edited by @ICOffenderII
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Fighting fire with fire: "California is giving out $1,050 inflation relief checks."
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Installing Miners with the boys at Lake Mariner, how do you like it?
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PSA: Get your Bitcoin off any exchange supporting "BSV" due to insolvency risk
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As many are aware, the infamous faketoshi scammer Craig Wright has been on a campaign to use harassment, intimidation, barratry, and fraud to attempt to steal some 1.1M coins that belong to Satoshi and others. In furtherance of this scheme his company just published code for directing the seizure of third party coins in the BSV blockchain. BSV is a scammy bitcoin knockoff that is proprietary software controlled exclusive by Wright and his agents. Users of BSV are only permitted to run the software he approves so they're able to foist their coin stealing code onto their users which would be impossible for legitimate cryptocurrencies. Because of this I believe any user of the BSV altcoin is in serious risk of exposure to network consensus instability or outright having their assets frozen or stolen out from under them. This would be of no direct relevance to Bitcoin users except some Bitcoin exchanges support BSV and so far whenever an exchange has gone insolvent they've pool
BTC and Crypto are going to be Epic in the history of the world; aka the Golden Ages in the 17 teenth Century;
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Here’s what essentials used to cost before the Keynesian Communists took control of our monetary system
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Unfortunate truncation in my list of recently updated applications
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Feds seized 311M in Bitcoin, and a crypto hacker stole it back
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Shoutout to Abt Electronics for allowing BTC payment!
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I just poured all my spare cash into bitcoin. Wish me luck.
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I like to make my calls public. I just put all my spare cash into bitcoin and will continue to do so as long as it stays below 20k. It’s money I can afford to lose, but obviously I don’t want to lose it. It is enough for a house deposit. Stock market looks like shit. Interest rates will smash real estate. Bitcoin is the only place I see with room for growth at the moment. We are a long way from the top, it makes sense to me. Wish me luck comrades. Submitted October 04, 2022 at 04:16AM by testaccount32124 https://ift.tt/boZaYLd
Fed Emergency Meeting - possibly creating more fuel for the Bitcoin rocketship
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Zeitgeist Addendum - Money Creation and Fractional Reserve Banking - 10 years old and still on point
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All centralized exchanges are vulnerable to a bank block
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All centralized exchanges are vulnerable to having their bank accounts blocked by regulators or simply because of bank compliance and risk departments arbitrarily deciding that they are "high risk". Decentralized exchanges (DEX) like Bisq, P2P exchanges like Paxful and other decentralized ways to buy and sell Bitcoin do not have this problem. Don't keep your Bitcoin on exchanges! Buy and sell Bitcoin in a decentralized way! Submitted October 02, 2022 at 05:46PM by flix2 https://ift.tt/NXTkPSp
bitcoin's stats compared to the USD's stats, what do you guys think?
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Bitcoin: A platform based on the Lightning Network is being developed by MicroStrategy. – cryptowiky
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Who else invests in Bitcoin not because you like it, but because there isn't anything really better?
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Seriously! Let's look at the alternatives: Crypto not named Bitcoin (shitcoins): Too centralized/captured, or they're a less used/ill conceived version of Bitcoin itself but worse, or they track the $ which is basically fiat. Shares of publicly traded companies (stocks): The management team controls the issuance and buybacks, the prices go up when the central bank lowers rates, and down when the central bank increases rates. What if the management teams mismanages it or commits fraud. Also they can be taxed by government and regulated to hell and back. Corporate Bonds: Same issues with management team as with stocks. Also controllable by the central bank as they will go up when interest rates decrease and vice versa. No guarantee they will pay higher interest than inflation, and if the corporation goes bankrupt you lose. And if they are TBTF and go bankrupt, you still lose (see automaker bailouts of 2008). Government Bonds: These are by far the most controlled investment b
Nayib Bukele: Stop Drinking the Elite’s Kool-Aid
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