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    Bitcoin Daily Discussion, August 07, 2019

    August 07, 2019

    Bitcoin Daily Discussion, August 07, 2019

    Daily Discussion, August 07, 2019

    Posted: 07 Aug 2019 12:00 AM PDT

    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.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    US labels China as currency manipulator

    Posted: 06 Aug 2019 11:19 AM PDT

    Consensus is a bitch

    Posted: 06 Aug 2019 07:16 PM PDT

    Found this on my travels around Edinburgh yesterday

    Posted: 07 Aug 2019 02:54 AM PDT

    Just found this bad boy time to get rich! Ah the good ole days.

    Posted: 06 Aug 2019 09:15 PM PDT

    Not FUD! Binance Offers 25BTC to Find Alleged KYC Data Hacker

    Posted: 07 Aug 2019 01:40 AM PDT

    Technical warning to holders.

    Posted: 07 Aug 2019 03:31 AM PDT

    Some of you guys store their keys, wallets and so on, on flash-cards. Just a little reminder to all of you, that FLASH memory is energy dependent, mean that memory cell will forget it state someday. It is a bad idea to store keys on flash-memory(for long time at least) better use laser discs or paper/physical storage, also there is a EMP possibility, that will erase all your flash-cards at once. Have a good day.

    submitted by /u/Empirismus
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    Real or was it a dream? I bought groceries in a SPAR supermarket and paid with bitcoin over the Lightning Network as one of the official payment methods

    Posted: 06 Aug 2019 10:07 AM PDT

    Banks in Israel refuse accepting fiat deposits related to Bitcoin. What's next?

    Posted: 06 Aug 2019 11:44 PM PDT

    I decided to embrace Bitcoin since 2017 because i was convinced that it is the future of money and that it emancipates us from the oligopoly of the banking system. I know that Bitcoin is still in the early stage of adoption although its acceptance by merchants, even if slow, is encouraging. For this reason, i see my BTCs utility as a store of value for now until retailers, utility companies, gas stations, supermarkets, restaurants and coffee shops and government tax agencies accept the sea change of cryptocurrency.

    Two days ago the Cointelegraph cited a story published in Haaretz Israel captioned "Bitcoin Investors Trapped Between Their Bankers and Israel's Tax Authority". Short story is that banks in that country have decided as a matter of policy not to accept fiat deposits that are proceeds of cryptocurrency.

    My question is that although in this instance it is the banks that are instituting this policy, what if the government/s decide to go this route via legislation or central bank regulation? Will this be a death blow to mass adoption by business and consumers?

    Any thoughts on this and how you think it will play out. What is currently happening in Israel is quite a "chilling" message.

    submitted by /u/dma22457
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    "Bitcoin is here to stay" - Kevin O'leary 2013

    Posted: 06 Aug 2019 12:31 PM PDT

    My friend Andreas Antonopoulos made it very clear that regulating crypto is not the answer!

    Posted: 06 Aug 2019 05:37 AM PDT

    Just don't f*ckn dance

    Posted: 06 Aug 2019 09:05 PM PDT

    "I love bitcoin twitter but sometimes it feels a little too giddy about financial apocalypse."

    worIdwideEb is right about this.

    Bitcoin is ultimately a stake through the heart of the central bank monopolies. The dependents on that system (e.g., Deutsche Bank) are fading fast, and we'll be seeing daily more and more:

    HSBC to Slash Thousands of Jobs After Ousting CEO

    The wheels will (literally) come off a lot of buses before the malinvestment-driven economies will even begin to recover. While hyperbitcoinization won't be the cause, it will be blamed as the catalyst and beneficiary.

    And for every win in our circle, there will be thousands of losses in their circles. It's inevitable.

    Doesn't mean we need to dance over it though.

    submitted by /u/cointastical
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    Have you noticed that all the shitcoin talk has disappeared? Nobody is talking about crypto/blockchain stuff anymore. It’s Bitcoin!

    Posted: 06 Aug 2019 01:28 PM PDT

    Try to go back to 2017.

    Everyone was doing the blockchain dance.

    ICOs every day, forks every day, bcash nuts everywhere, "crypto analysts" shilling shitcoins on tv...

    All of it is slowly going away.

    For those who are waiting for "alt-season", sorry there's no "alt-season" anymore. It's over.

    Bitcoin has won.

    submitted by /u/myquidproquo
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    Bitcoin Magazine leaves BitPay to use OpenNode for Bitcoin payments amid heavy criticism from CryptoTwitter ⚡️

    Posted: 06 Aug 2019 03:15 PM PDT

    Should I buy 100 USD or just HODL my bitties?

    Posted: 07 Aug 2019 04:55 AM PDT

    So I see that I could buy 100 United States Dollars right now for just 0.0085 bitties. Do you think that is a smart move considering how much USD is down since the begining of the year? I am worried though that it could still go down a lot. What do you guys think? The USD does look extremely unstable against bitcoin though, so I am definitely concerned about the wild fluctuations in it's value. I mean, 100 USD might only be worth 0.005 BTC someday soon, so should I just wait to buy some? I just want a tiny bag full to play around with.

    submitted by /u/Gr33nHatt3R
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    The Faces of Binance. Remember exchanges and KYC are not Bitcoin.

    Posted: 07 Aug 2019 01:27 AM PDT

    Fuck the Government

    Posted: 06 Aug 2019 05:06 AM PDT

    Ah sh*t, here we go again

    Posted: 06 Aug 2019 03:30 PM PDT

    Bitcoin laughs at this!

    Posted: 06 Aug 2019 01:23 PM PDT

    Bitcoin: The Buyers are in the Driving Seat

    Posted: 07 Aug 2019 02:43 AM PDT

    Can someone receive Legacy through SegWit?

    Posted: 07 Aug 2019 12:18 AM PDT

    or does it have to be SegWit to Segwit?

    Thanks.

    submitted by /u/wetwoodfloors
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    GitHub and Slack Bans Are Hurting Iranian Bitcoin Businesses

    Posted: 06 Aug 2019 11:27 PM PDT

    Small business BTC ATM sign in Vegas.

    Posted: 06 Aug 2019 07:41 PM PDT

    Bullish: UBS to charge rich clients holding cash as negative rates bite into profits

    Posted: 06 Aug 2019 03:01 PM PDT
    Read more
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