• Breaking News

    Monday, August 3, 2020

    Home Unlabelled Bitcoin Daily Discussion, August 03, 2020

    Bitcoin Daily Discussion, August 03, 2020

    August 03, 2020

    Bitcoin Daily Discussion, August 03, 2020

    Daily Discussion, August 03, 2020

    Posted: 03 Aug 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
    [link] [comments]

    My girlfriend has mad painting skills ��

    Posted: 02 Aug 2020 12:16 PM PDT

    All of us at the moment.

    Posted: 02 Aug 2020 06:37 AM PDT

    Bitcoin was just called magical internet beans by someone. I forgot how far behind the general pop. still is.

    Posted: 03 Aug 2020 01:35 AM PDT

    Their loss.

    submitted by /u/artashi_
    [link] [comments]

    I see price predictions of bitcoin hitting 100k in 5 years possibly. Now if that happened, wouldn't that mean that by 2140 once the last bitcoin is mined, the price is ridiculously high?

    Posted: 03 Aug 2020 12:48 AM PDT

    Fast forward a few years more people are betting on 1 million. This doesn't seem very probable to me?

    submitted by /u/HunterYT
    [link] [comments]

    Debunking Common Bitcoin Myths by ARK invest

    Posted: 02 Aug 2020 11:07 PM PDT

    The Story of Bitcoin's envelopment of the global institutional financial markets

    Posted: 02 Aug 2020 08:58 AM PDT

    How do I explain to someone who doesn’t know anything about bitcoin that there will never be more than 21 million bitcoins?

    Posted: 02 Aug 2020 11:03 PM PDT

    So, I was talking to my friends parents about bitcoin today and her dad knows a little something about it but her mom knows nothing. He told me that he owns 1 whole bitcoin which surprised me and I thought was amazing. But, then her mom asked why people buy them. So, we tried to explain to her that it's a way for people to take control of their money, and to avoid inflation because there will never be more than 21 million Bitcoin. Once they're all mined, then no more will be added to circulation. She immediately asked "How do you know that? How do you know for 100% certain that more wont be added after those 21 million? Isn't there some kind of 'managing group' that controls what happens and could potentially decide to add more?" (She's an American businesswoman) Now, I'm not an expert but I'm also not new to bitcoin. I know that there won't be more than 21 million bitcoins, and that they will all be mined by around 2028. I know Satoshi Nakamoto didn't start bitcoin to make money and that its much much more than just an investment or a currency it's a revolution. It's a way to take the power away from the system that oppresses us. I know this, but I also don't know how to explain to her in a way that she'd be able to understand that there's no "managing group" that's going to add more bitcoin to make more money after the 21 million are mined. How do I show her proof of this?

    submitted by /u/tjknocker
    [link] [comments]

    Max Keiser doubles down on Bitcoin to $28,000 as the market recovers

    Posted: 02 Aug 2020 10:14 AM PDT

    It's been 6 days since i purchased bitcoin for the first time....

    Posted: 03 Aug 2020 03:38 AM PDT

    Already have a ledger on the way and 40% of my day is spent looking at graphs.

    Send help.

    submitted by /u/DFroody
    [link] [comments]

    Bitcorn Bites! Cereal I made in celebration of the bull run

    Posted: 02 Aug 2020 02:48 PM PDT

    What is the best and most reliable Decentralized Exchange?

    Posted: 02 Aug 2020 10:18 PM PDT

    Banking on Africa: The Bitcoin Revolution (documentary)

    Posted: 02 Aug 2020 03:27 PM PDT

    436 BTC were traded in Venezuela using LocalBitcoin (down from 518) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan "official" currency). These 436 BTC were 1,044,737,504,000 Bs. (Bolivares). One BTC is around 3,000,000,000 Bs. Monthly minimum wage is less than 4 USD

    Posted: 02 Aug 2020 06:54 AM PDT

    Steady around 500 BTC weekly for 2,000 BTC monthly (UsefulTulips gives a monthly amount but in USD, around 20millions)

    This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares (BTC to BS and BS to BTC).

    Here are more stats https://www.usefultulips.org/combined_VES_Page.html

    I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

    https://www.caracaschronicles.com/

    Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily.

    https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

    I have been posting these updates for years now! I have made some really good friends here and have received a lot of help and work (translation, doing task, so on)

    Any question let me know, AMA. But check my links and sources first.

    Sources:

    https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

    https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

    https://coin.dance/volume/localbitcoins/VES/BTC

    LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

    submitted by /u/WorkingLime
    [link] [comments]

    Bitcoin Hashrate Has Hit a New Record-High Again, Here's Why It's Optimistic

    Posted: 02 Aug 2020 03:03 PM PDT

    Monday Art - MoonLambo

    Posted: 03 Aug 2020 03:21 AM PDT

    "There is a need to support workers and the economy, Mnuchin said, but “we have to be careful about not piling on enormous amount of debts for future generation.” IS THIS A JOKE? Buy bitcoin. Save yourselves as they bail out poorly run business and stick main st. with the bill. Disgusting.

    Posted: 02 Aug 2020 11:29 AM PDT

    Russia bans cryptocurrency as a payment form

    Posted: 03 Aug 2020 02:32 AM PDT

    Video from 2009 talking about gold and the USD and hyperinflation

    Posted: 02 Aug 2020 05:34 PM PDT

    Monday Art Special - Coldkey by Lucho Poletti

    Posted: 03 Aug 2020 03:22 AM PDT

    How to Delete Coinbase in 3 Easy Steps

    Posted: 02 Aug 2020 11:04 AM PDT

    Alleged 17-year-old Twitter hacker has more than $3 million worth of bitcoin assets

    Posted: 03 Aug 2020 02:52 AM PDT

    From Minecraft Tricks to Twitter Hack: A Florida Teen’s Troubled Online Path

    Posted: 02 Aug 2020 04:35 PM PDT

    Mentor Monday, August 03, 2020: Ask all your bitcoin questions!

    Posted: 03 Aug 2020 04:00 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
    [link] [comments]

    The Next Bitcoin Bull Run Will Be Different for the Better

    Posted: 02 Aug 2020 10:58 AM PDT
    Read more
    at

    No comments:

    Post a Comment