Bitcoin Daily Discussion, July 08, 2020 |
- Daily Discussion, July 08, 2020
- Every time the banksters try to connect terrorism, drugs, or pedophilia to bitcoin just remember douche bank just settled for 150milliion dollar fine for helping Epstein finance children sex slaves
- And they keep trying to paint Bitcoin as the bad guy
- r/Bitcoin surpasses 1,5M members
- The Evolution of Ideas
- WTF happened in 1971? Watch the "Hard Money" film!
- We need to start talking about Mesh Networks!
- Bitcoin Awareness Game - incentivizing the distributed bitcoin awareness guerilla with micropayments for proof-of-visibility of Bitcoin stickers in public places
- Commencing in 10, 9, 8, 7, 6, 5, 4, 3, 2, 1... Blast off!
- How can I interview a professional about Bitcoin?
- Argentina sets new Bitcoin trading record as economy worsens
- Portland, ME sighting
- Why Our Money Is Broken
- Cash is slowly dying. These are the companies replacing it
- Basic math of Bitcoin growth.
- RGB - Private & Scalable Smart Contracts on the Bitcoin Lightning Network
- Banksters Paradise (A Bitcoin Song)
- I just sold my grandma $100 worth of Bitcoin
- Since the coronavirus, cash is increasingly becoming less accepted in stores.
- Hardware wallet
- ���������������� American Express
- Successful Indian IT company is launching a new service focused on Cryptocurrency trading
- lightning network become simple if use this GUI tool, which is for developers and those who are curious to dig deeper into lightning
- Bitcoins message to nonbelievers.
- Calling for Crypto Unstacked Podcast guest recommendations! Who do YOU want to interview?
| Daily Discussion, July 08, 2020 Posted: 08 Jul 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. [link] [comments]  | ||
| Posted: 07 Jul 2020 03:43 PM PDT
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| And they keep trying to paint Bitcoin as the bad guy Posted: 07 Jul 2020 07:37 AM PDT
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| r/Bitcoin surpasses 1,5M members Posted: 07 Jul 2020 07:59 PM PDT
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| Posted: 07 Jul 2020 03:30 PM PDT
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| WTF happened in 1971? Watch the "Hard Money" film! Posted: 08 Jul 2020 01:19 AM PDT
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| We need to start talking about Mesh Networks! Posted: 07 Jul 2020 02:15 PM PDT
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| Posted: 08 Jul 2020 03:26 AM PDT
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| Commencing in 10, 9, 8, 7, 6, 5, 4, 3, 2, 1... Blast off! Posted: 07 Jul 2020 09:10 PM PDT
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| How can I interview a professional about Bitcoin? Posted: 07 Jul 2020 06:46 PM PDT Hi, I'm an article writer and would like to interview someone who works in the Bitcoin field (executive, programmer, etc.). How would I go about finding someone to interview? [link] [comments]  | ||
| Argentina sets new Bitcoin trading record as economy worsens Posted: 07 Jul 2020 03:05 PM PDT
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| Posted: 07 Jul 2020 07:01 PM PDT
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| Posted: 07 Jul 2020 07:36 PM PDT I'm writing this because I wish to explain in layman terms why the global economy is broken. Most people intuitively feel that the economy is a mess and bad things are happening. Words like corruption, crony capitalism, money printing and bailouts are being tossed about as explanations why the economy is in trouble. While all these things are problems our economy is facing and deserve attention, they are all consequences of a fundamental problem that needs to be understood first and foremost. That is, money itself is broken. To understand how fiat money we use is broken, one should view money as a commodity just as you would any other good. Any economist would agree that setting a price for a good or service is a bad idea, but for whatever reason, mainstream economists (Keynesians) believe that money is exempt from the disastrous effects of price fixing. As a quick refresher why price fixing is never a desirable policy let's take a look at the classic example of rent control. Let's say the average cost of an apartment in your city/town is $1000. Your politicians say that this is outrageous and make a sweeping policy saying that no apartment can be priced above $100. Suddenly the supply for housing cannot come close to matching the demand at this price. Landlords no longer care about the upkeep of the apartment because even if the apartment turns into a shithole, someone will still take it for $100. People no longer have incentives to build new housing or renovate existing housing because they can no longer charge a market rate. The end result is a city in ruins. Try your logic at why price fixing doesn't work with any good. The market is distorted. Supply and demand are unable to reach equilibrium and everybody loses. The price of money is the interest rate. When the Federal Reserve engages in interest rate targeting, this is price setting. The Fed will say that the cost of money is too high! We need to get more money into the hands of more people to stimulate the economy, so let's set the price of money to zero. Take a minute to think about what this means. In a free market the interest rate is established by the supply of money (savings) and the demand for money (borrowing). The interest rate can never be zero. It can only approach zero if the supply (savings) is reaching infinity and/or the demand (borrowers) for money is reaching zero. When the Fed fixes the price of money, it is sending a false market signal across the whole economy about how much money is saved to properly be used for investment. This is where irrational economic behavior occurs on a macroeconomic scale. Strictly speaking, individuals are operating rationally. If the price of money is zero, it is only rational to borrow money and not save your money. The problem is not the individual but rather the Central Bank has distorted the reality of the most important commodity of them all, money itself. What are the consequences of setting the price of money so low? Think about how this affects borrowers. The economy is operating under the assumption that there are more savings available for investment then there actually are. This leads to malinvestments. Imagine your buddy says he has a million dollars saved and would be happy to lend you this money free of interest. Maybe you'd build a fancy new house or put down a lot of capital to start a business. Then halfway through building your house, your buddy says, sorry, I only had $100,000, not a million. You began building something you should never have started building had you previously known how much money was actually available. You have to scrap your project and you end up with a worthless half built project. How does this affect savers? Imagine if I had a million dollars in my savings account. With the interest rate so low, I'm being given very strong signals to not keep that money in the bank to be loaned out. If the price of money is zero, why in the world would I want to sell (loan) my money for no profit? You wouldn't. Your money is losing value everyday it sits in the bank account because the Fed is pumping out more money and giving it to banks to keep the interest rate at zero. You need to buy something with that money. You end up buying a house, stocks or whatever commodity you think will increase in price because you don't want to see the value of your cash inflated away. As investments are undertaken that should never have been started and commodities are purchased that should never have been purchased, asset prices rise and we see bubbles forming all over the economic landscape. By messing with price of money the whole economy has become infected. And unfortunately at this stage, there is no cure. We are in too deep. The financial system will implode and the dollar will collapse. Please protect yourself and buy bitcoin. [link] [comments]  | ||
| Cash is slowly dying. These are the companies replacing it Posted: 07 Jul 2020 06:47 PM PDT
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| Posted: 07 Jul 2020 10:31 PM PDT
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| RGB - Private & Scalable Smart Contracts on the Bitcoin Lightning Network Posted: 07 Jul 2020 10:44 AM PDT | ||
| Banksters Paradise (A Bitcoin Song) Posted: 07 Jul 2020 03:24 PM PDT
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| I just sold my grandma $100 worth of Bitcoin Posted: 07 Jul 2020 05:52 PM PDT | ||
| Since the coronavirus, cash is increasingly becoming less accepted in stores. Posted: 07 Jul 2020 09:48 PM PDT Is this a good time to invest? Im getting the feeling it is. [link] [comments]  | ||
| Posted: 07 Jul 2020 05:35 PM PDT Can I transfer bitcoin from a trading platform to a hardware wallet? [link] [comments]  | ||
| ���������������� American Express Posted: 07 Jul 2020 10:23 PM PDT
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| Successful Indian IT company is launching a new service focused on Cryptocurrency trading Posted: 08 Jul 2020 03:09 AM PDT
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| Posted: 08 Jul 2020 12:09 AM PDT
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| Bitcoins message to nonbelievers. Posted: 07 Jul 2020 07:59 PM PDT
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| Calling for Crypto Unstacked Podcast guest recommendations! Who do YOU want to interview? Posted: 07 Jul 2020 09:52 PM PDT Hey r/Bitcoin! We're Crypto Unstacked, a weekly podcast for unstacking all things crypto. We focus on sharing East meets West perspectives on everything from crypto finance to global macro. We are kicking off our #DeFi Defined series in the next few weeks and asking for YOUR suggestions on which thought leaders (aka KOLs) from the crypto space we should invite on to our podcast! So far, we've had guests like:
… and more! Please check out our episodes below and SHARE your guest & question suggestions! :) [link] [comments]  |
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