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    Bitcoin Daily Discussion, June 27, 2020

    June 27, 2020

    Bitcoin Daily Discussion, June 27, 2020

    Daily Discussion, June 27, 2020

    Posted: 27 Jun 2020 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.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Your reminder that $6 trillion was printed with a click of a button!

    Posted: 26 Jun 2020 07:59 AM PDT

    US Senators introduce bill to FORCE all device and software providers in the US to build backdoors into their products. Bill would make encryption ILLEGAL unless it had a backdoor for the US government. (Lawful Access to Encrypted Data act 2020, "LAED" act)

    Posted: 27 Jun 2020 12:42 AM PDT

    One year after calling Bitcoin a "fake currency," Chuck E. Cheese is bankrupt. Bitcoin has a $170 billion market cap.

    Posted: 26 Jun 2020 06:04 PM PDT

    Time to initiate plan B

    Posted: 27 Jun 2020 01:16 AM PDT

    What Happens to Bitcoin if the Stock Market Crashes? | Anthony Pompliano on Cryptocurrency in 2020

    Posted: 27 Jun 2020 12:34 AM PDT

    Lets not forget

    Posted: 26 Jun 2020 09:13 AM PDT

    "Bitcoin has no value"

    Posted: 26 Jun 2020 04:34 AM PDT

    Use bitcoin without touching the internet by getting a satellite setup kit from blockstream.

    Posted: 26 Jun 2020 01:45 PM PDT

    Payoneer goes bankrupt and freezes all their users' accounts

    Posted: 26 Jun 2020 07:28 PM PDT

    Doing satoshis work sir! ������

    Posted: 26 Jun 2020 03:24 PM PDT

    The first batch of Blockstream Satellite Basic and Pro Kits are shipping soon. Prepare to receive Bitcoin from space. May the blocks be with you!

    Posted: 26 Jun 2020 01:35 PM PDT

    History doesn't repeat but it sure does rhyme. What would this recession look like if it followed a similar time line to 2008?

    Posted: 26 Jun 2020 07:30 PM PDT

    2008 Global Financial Crisis

    Feb 2007: The first tremors start in the US subprime mortgage market in the US.

    September 2007: The first bank runs start with Northern Rock in the UK.

    March 2008: The first banks start collapsing with Bear Stearns.

    September 2008: Lehman Brothers files for bankruptcy.

    October 2008: Iceland's financial sector collapses.

    December 2008: Countries across the world start announcing they are in recession.

    May 2010: European debt crisis kicks off.

    It took 13 months to go from feeling the first tremors until the first banks started to collapse. Below is what todays crisis would look like laid out on a similar time line.

    2020 Global Debt Crisis:

    September 2019: The first tremors start with a broken repo market in the US.

    Feb 2020: Covid19 speeds everything up throwing the world into recession.

    May 2020: The first of many sovereign debt crises unfold as Lebanon falls causing citizens to burn down their own central bank.

    October 2020: The first banks start collapsing.

    April 2021: The first banks start filing for bankruptcy.

    May 2021: Entire countries financial sectors start collapsing.

    July 2021: Countries across the world start falling into sovereign debt crises as their bond markets collapse and inflation spikes.

    December 2022: A global debt crisis has engulfed the world leading to worthless government bonds, 20% interest rates and runaway inflation everywhere.

    The IMF is trying to push its SDRs as the next global reserve currency while China is trying to get the world to adopt its new Gold backed Yuan. People have stopped measuring Gold and Bitcoin in fiat and now with fiat having hyperinflated the only currency pair on earth that matters is the Gold/Bitcoin pair. One ounce of gold can buy a new car and one bitcoin can buy 25 ounces of gold.

    The XBT/XAU rate is 25. This is now the only currency pair traded and reported on earth.

    submitted by /u/slvbtc
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    New major release of BTCPay Server v1.0.5.0 is out! (Notifications, Pull payments, Refunds, new API improvements and more)��

    Posted: 26 Jun 2020 11:38 AM PDT

    Grayscale buys almost 300% of total mined BTC since last week. Now they have 400k BTC

    Posted: 26 Jun 2020 11:56 AM PDT

    Bitcoin right now

    Posted: 26 Jun 2020 01:24 PM PDT

    You only need one bitcoin

    Posted: 26 Jun 2020 10:29 AM PDT

    Remember that bit in Willy Wonka and the chocolate factory with Gene Wilder? When Veruca wants more than one everlasting gobstopper?

    "One is enough for anyone"

    I think that when I get to 1 BTC, i'll feel very content.

    submitted by /u/PorbyUK
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    NFL QBs as stocks - interesting take

    Posted: 26 Jun 2020 07:06 PM PDT

    Bitcoin Vs. Gold

    Posted: 26 Jun 2020 02:04 PM PDT

    Bitcoin will be mainstream in 10 years, YES / NO ?

    Posted: 26 Jun 2020 11:43 PM PDT

    The last six weeks

    Posted: 26 Jun 2020 09:19 AM PDT

    Bitcoin! - I don't know.

    Posted: 26 Jun 2020 07:31 AM PDT

    Australia Post initiates Post Billpay feature to enable customers to purchase Bitcoin at over 35,000 outlets

    Posted: 26 Jun 2020 06:22 AM PDT

    What is it that you think is going to happen if the world economy collapses?

    Posted: 27 Jun 2020 04:06 AM PDT

    I sit on the sidelines and watch you all gleefully predict the end of fiat currencies and the modern global financial system. But I have to finally ask the fundamental question.

    Let's say you're right. Let's say the current system is completely unsustainable and melts down.

    What do you think that looks like? Do you honestly believe people are just going to shift to bitcoin and go back to work the next day? That you can just lift and shift the house of modern society onto a new foundation with a couple of dudes and a forklift?

    It will be complete and total chaos. Entire governments will collapse. The world will devolve rapidly into lawlessness and anarchy. There will be wars - everywhere. Every country will become fully militarized and have to defend its borders. No one is going to give a shit about bitcoin. They're going to care about not getting blown up or otherwise murdered. It will be years of global strife.

    And you're looking forward to this? You're eager for this? You think because you hodl a few bitcoins you're somehow going to be safe from a world where you have to constantly sleep with one eye open and protect yourself from very real imminent danger 24/7?

    You really want to join a militia, barricade off your own territory, organize groups of people to do basic shit like filter water and dig holes for toilets? Find ways of generating power? Essentially re-establish the modern world and society from the ground up?

    You want this? REALLY?

    And bitcoin is the key to this? You will somehow be more prepared for this if you have bitcoin?

    submitted by /u/mobile-user-guy
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    Crypto commission, delivered today. 8 coins with a pricing timestamp on the May 2020 halving event

    Posted: 26 Jun 2020 04:47 PM PDT

    Being a 2017 hodler is hard.

    Posted: 26 Jun 2020 09:57 AM PDT
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