Bitcoin Daily Discussion, June 02, 2020

Daily Discussion, June 02, 2020
I'm 15 and just mined my first dollar in bitcoin! I AM ECSTATIC
To The Moon!
My entire life's savings! I'm all in!
BTC Breaking historic resistance right now!
The classic
Oh a rally you say? Coinbase shutting down in 3...2... and it’s down
Reminder: Coinbase hates Bitcoin
Hong Kong was once the only way to get money out of China, now Bitcoin is the only escape
USD will lose 50% of its value in 10 years, Congressional Budget Office projects
10k!
Mr. Edmund Moy, Ex-Director of the US Mint, knows what's up
Cant Tread On Me
Hello Malta!
(Some) Exchanges Are Now The Enemy of Bitcoin
THAT SPIKE TO 10K THO
5 years back if you had invested $1000 in top companies like Apple, Facebook or Amazon you would get a maximum profit of 466%. But if you had invested $1000 in Bitcoin the ROI would be 2011% amounting to $21110 USD Remember #Bitcoin is the best performing asset of all time
4chan vs Bitcoin (2009 - 2013)
Happy Hodl keep holding lets make 10k strong again
To the moon ��
spreading the message in forza horizon
Wow
Bitcoiners are working to improve the Lightning Network in a 48 hour virtual #LightningHacksprint
Yes coinbase, we won't notice a change from 1.25% APY to 0.15% on your investment 'coin' because your single email constitutes informed disclosure
Maslow's Hierarchy of BTC Sovereignty: Take the next step

Daily Discussion, June 02, 2020

Posted: 02 Jun 2020 12:00 AM PDT

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Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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I'm 15 and just mined my first dollar in bitcoin! I AM ECSTATIC

Posted: 01 Jun 2020 02:18 PM PDT

submitted by /u/joney1212
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To The Moon!

Posted: 01 Jun 2020 04:10 PM PDT

submitted by /u/Rj17141
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My entire life's savings! I'm all in!

Posted: 01 Jun 2020 09:24 PM PDT

submitted by /u/tinycoin
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BTC Breaking historic resistance right now!

Posted: 01 Jun 2020 04:17 PM PDT

submitted by /u/nachoac97
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The classic

Posted: 01 Jun 2020 04:19 PM PDT

submitted by /u/BlakeGarrison62
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Oh a rally you say? Coinbase shutting down in 3...2... and it’s down

Posted: 01 Jun 2020 04:11 PM PDT

submitted by /u/RileyWH
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Reminder: Coinbase hates Bitcoin

Posted: 01 Jun 2020 11:59 PM PDT

Coinbase isn't a company that cares about Bitcoin. If you invested in Bitcoin and wish it to perform well, take it off Coinbase. They'll use your funds to hold back Bitcoin as much as possible.

Not because they're slow to implement best standards (Segwit, batching).

Not because they've engaged in insider trading (bcash, alts).

Not because they don't sponsor Bitcoin development like some other exchanges do.

Not because their CEO constantly promotes shitcoins over Bitcoin.

Mainly because they'll sell out your information in the worst way. Coinbase's primary business is to collect surveillance data.

Yes, they sell your info to third parties.

Yes, they feed it to intelligence agencies directly.

Yes, they're also vulnerable to being hacked themselves, which leaks all of that data to everyone.

All exchanges have to do this. Where things fall apart is that Coinbase acquired the team (Neutrino) that has been criticized for assisting horrible dictators, putting backdoors into software, been involved in State-level hacking that targets activists/dissidents, all the way up to being linked to the slaughter of Jamal Khashoggi.

Bitcoin represents the separation of Money and State. Coinbase has cozy revolving door relationships with regulators, and those regulators want to prevent Bitcoin from succeeding.

Better alternatives if you're from the States: CashApp, Swan Bitcoin, River Financial

submitted by /u/bigmeowhodler
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Hong Kong was once the only way to get money out of China, now Bitcoin is the only escape

Posted: 01 Jun 2020 09:54 PM PDT

submitted by /u/admin_default
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USD will lose 50% of its value in 10 years, Congressional Budget Office projects

Posted: 01 Jun 2020 07:43 PM PDT

"The Congressional Budget Office projects a nearly $16 trillion hit to the gross domestic product over the next decade, $7.9 trillion after adjusting for inflation."

Source: https://www.nytimes.com/2020/06/01/us/politics/coronavirus-economy.html

Corollary: If by 2030 the value of BTC is only $5000, you will still have broken even, more or less, when adjusted for inflation. Let's just say such scenario is unlikely.

Corollary 2: Also unlikely, wages doubling in 10 years. Which means working people will continue to bleed financially.

submitted by /u/ting_jun48
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10k!

Posted: 01 Jun 2020 04:08 PM PDT