• Breaking News

    Tuesday, March 30, 2021

    Home Unlabelled Bitcoin Daily Discussion, March 30, 2021

    Bitcoin Daily Discussion, March 30, 2021

    March 30, 2021

    Bitcoin Daily Discussion, March 30, 2021

    Daily Discussion, March 30, 2021

    Posted: 29 Mar 2021 10:02 PM 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]

    WARNING! Stay away from Blockchain.com wallet!

    Posted: 24 Mar 2021 11:43 AM PDT

    There have been numerous thefts on Blockchain.com (previously Blockchain.info) wallet. Hundreds or even thousands of customers have lost millions worth of Bitcoins and other cryptocurrencies.

    The most recent reason for these thefts is 2FA malfunction. Most victims have stated that right before the theft, either 2FA email has been changed or 2FA completely disabled, after which all funds have been moved out.

    https://honestproscons.com/blockchain-com-is-losing-customers-funds

    There's a known 2FA security flaw on Blockchain.com that allows a hacker to disable 2FA without needing to authenticate with 2FA first. This allows the hacker to login to the wallet with just Wallet ID and password.

    https://docs.google.com/presentation/d/1B7Edd-fj3wSegL2_JMwKBglPzk3pBG9DUVLuz3HPP-w/edit#slide=id.g848d967a91_0_21

    Even though Blockchain.com has been aware of this flaw since 2019, it still has not been fixed. This flaw is likely the reason for multiple hacks, though there may be other security flaws in the Blockchain.com wallet. The involvement of Blockchain.com staff or a data leak cannot be ruled out either.

    As of now, Blockchain.com is unwilling to accept responsibility or admit that their system has any security flaws. Instead, Blockchain.com is threatening people who have exposed these flaws with legal actions. Here's the example of such a letter and further correspondence with their lawyers:

    https://blockchaindotcomsucks.com/legal-stuff

    Blockchain.com has also been unable to provide any reasonable support to its customers and has offered absolutely no aid to the victims of the theft. As a result of this, on TrustPilot, 60% of reviews are negative 1-star reviews.

    https://www.trustpilot.com/review/blockchain.com?stars=1

    We strongly advise everyone to stop using Blockchain.com wallet and their other services due to the extremely low security they provide and the high risk of theft on their platform.

    https://isblockchainascam.com

    submitted by /u/AwkwardAd3
    [link] [comments]

    Fasten your seatbelts: PayPal launches Bitcoin checkout service

    Posted: 30 Mar 2021 03:01 AM PDT

    The Bitcoin Network now transfers $137,000 per second around the world without requiring a bank, government, or third party.

    Posted: 29 Mar 2021 04:29 PM PDT

    Bitcoin is now larger than the Canadian Dollar (M1).

    Posted: 30 Mar 2021 05:42 AM PDT

    €50k mark has been breached

    Posted: 30 Mar 2021 02:56 AM PDT

    Slowly but surely

    Posted: 29 Mar 2021 05:44 AM PDT

    Morning Brew have replaced Gold with Bitcoin!

    Posted: 30 Mar 2021 03:53 AM PDT

    From today's newsletter...

    " Today, the Brew unveiled a brand new design for our Markets section with some pretty big changes. So before we get into the day's business news, we wanted to provide a little insight into why we made the switch.

    From a graphics POV, we got rid of some unnecessary white space so that, with just a quick glance, you can tell if indicators moved up or down.

    You also probably noticed that we removed oil and gold. In their place, we added 1) bitcoin and 2) a "flex" spot, which will allow us to showcase any security—whether it's a tech stock, oil, or dogecoin—that made an interesting move the previous day. Today we picked JPMorgan stock because of the turmoil around the banking sector."

    https://ibb.co/ZVXfmnW

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

    The Launch of PayPal's Crypto Checkout Service is Imminent

    Posted: 30 Mar 2021 02:57 AM PDT

    Having invested in Bitcoin for 4 years, the gain I have made is more than 2x the net take-home pay for working for 9 years.

    Posted: 30 Mar 2021 04:54 AM PDT

    I believe this should be true for many people, especially if they started in 2017 (even better if started in 2016).

    Essentially, Bitcoin has earned me double the money within less than half the time, hence it is 4x easier to earn with Bitcoin than going to work.

    Not to mention Bitcoin doesn't need me to actually physically go to work and do work and endure office politics 9-6 every weekday. Bitcoin just needs you to buy it, and sit there, and it will earn for you.

    Hence Biotcin is at least 6x better than going to work in terms of earning. (Yes some people would go to work for "aspiration" and "self fulfillment" and blah blah blah but let's not count these people ok?)

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

    Bitcoin has Won over Institutional Investors: Could Governments be next

    Posted: 30 Mar 2021 04:47 AM PDT

    Made me chuckle (spotted on London underground) [Enhance! for punchline]

    Posted: 29 Mar 2021 05:50 PM PDT

    Exclusive: PayPal launches crypto checkout service

    Posted: 30 Mar 2021 04:42 AM PDT

    Knowing When to Buy the Dip - If you're thinking about selling right now DON'T & Why you shouldn't

    Posted: 29 Mar 2021 07:45 PM PDT

    Knowing When to Buy the Dip - If you're thinking about selling right now DON'T & Why you shouldn't

    Ok ladies & gents,

    To some, this recent pull back might look like a repeat of the correction after Elon's candle but it's not.

    Here's why:

    1. Adoption is increasing (Visa, MasterCard, Tesla, Square, PayPal, JPM, GS, BNY, BlackRock). All of these companies don't mess around and are all taking action towards adopting crypto.
    2. Inflation - Do I really need to explain this? Go look at the M2 money supply or the price of any commodity over the last year and you'll get the picture
    3. Interest rates might be increasing but they can't go that high. Look up Operation Twist for more info, this is a can of worms I don't want to open right now but basically short-term rates are going up for the near future and long-term rates will go down incentivizing long-term investment in the economy. This will balance out over time and people worrying about rates jumping shouldn't because it would literally break the entire world economy if you don't believe me refer to #2
    4. The price is being manipulated right now for either institutions (most likely) or whales to accumulate at a lower price

    Proof:

    ​

    https://preview.redd.it/zf82oatpw2q61.png?width=1641&format=png&auto=webp&s=bc77d012e445ed79f16970d1390cf05dd57f8bb0

    This is called a sell wall. To newbies, this may look like someone trying to offload a bunch of BTC so they can get out but this is an extremely common tactic seen in both the traditional financial markets as well as cryptocurrency markets. It works particularly well in crypto because volume is so low. The idea is (relatively) simple. Pretend you want to buy a bunch of BTC without pushing the price up too much. You can't buy it all at once so you need to spread it out over time. But hang on, doing that will cause a bunch of green candles in a row and everybody and their mom will jump in on the action so what do you do?

    You pretend you're selling a bunch for more than what you want to buy it for. This will scare people into selling at or below your sell wall, allowing you to buy up all their BTC for the price you want. Once you have what you want, you take away the sell wall (prepare for launch) and buy up until people join in (to the moon) . This is what happening literally right now so if you're selling stop. My guess is there will be an announcement soon about another company investing in BTC or an investment bank/hedge fund just got they're trading desk running.

    TL;DR - Always buy the dip.

    submitted by /u/KansasKid24
    [link] [comments]

    A cool visualization of Bitcoin transactions as they happen in real time, with lots of interesting stats.

    Posted: 30 Mar 2021 06:11 AM PDT

    Texas Governor Greg Abbott: Count me in as a crypto law proposal supporter.

    Posted: 29 Mar 2021 03:32 PM PDT

    These Girls Accept Bitcoins At Their Lemonade Stand (From 2014)

    Posted: 29 Mar 2021 07:13 PM PDT

    Canadian Purpose ETF passes 15k BTC (15230.9927) as of today

    Posted: 29 Mar 2021 07:42 PM PDT

    PayPal Launches Crypto Checkout Service

    Posted: 30 Mar 2021 05:23 AM PDT

    Each red dot �� represents a headline in the news that called Bitcoin "dead", "failed", or "worthless".

    Posted: 29 Mar 2021 10:00 AM PDT

    Is there anyone can provide a quick update on how Lightning is progressing. What's new, what in the pipeline and how adoption is progressing?

    Posted: 29 Mar 2021 11:02 PM PDT

    I'm tired of hearing the YouTubers say how bad lightning is compared with all the other alt coins. Hoping for some good news.

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

    Is PayPal Bitcoin backed by real BTC?

    Posted: 30 Mar 2021 03:36 AM PDT

    Or is it just a derivate and PayPal is not buying any BTC in the real world?

    submitted by /u/locokak986
    [link] [comments]

    I sat to calculate to find out no one who bought Bitcoin in last 4 years magically may have gotten rich today, They deserved this...

    Posted: 30 Mar 2021 12:55 AM PDT

    So let's say if you bought Bitcoin at $3k in 2017 Your money is now 20x more than what you invested. We all know the term Rich applies to numbers a lot higher than these... Like 1000x and up.

    Some non bitcoiners or newbies think people who have Bitcoin are lucky. But we are not really. We all invested and risked our investments. Bitcoin is no magic. it just the best investment of century. bitcoin Holders deserve it. we've gone through a lot of ups and down. It's just like any other investment, there's still a lot of rooms for new comers.

    The lucky term only applies to few people who Bought/mined bitcoin from 2014 and before that and it happened that they've forgotten about it and now found their wallets. cuz most of them still seen enough Highs to sell...

    But even with them, i'd say they deserved it too, because they got into this technology so early.

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

    Visa and PayPal give Bitcoin a boost

    Posted: 30 Mar 2021 05:22 AM PDT

    Tyler Winklevoss: US government will never ban bitcoin (BTC)

    Posted: 29 Mar 2021 12:52 PM PDT

    PayPal now allows crypto spending at millions of merchants (BTC, BCH, ETH, LTC)

    Posted: 30 Mar 2021 05:01 AM PDT

    BIP38 clarifications

    Posted: 30 Mar 2021 02:38 AM PDT

    Hello everybody,

    If I change the BIP38 password of a wallet created by another person who then gave it to me, do I prevent that person from continuing to have access to my wallet or not?

    From some sources it seems yes, from others no.

    Thinking about it, I would say that even if I changed the password, whoever created the wallet still has the decrypted private key with which the wallet was initially created, consequently, by entering that, he would continue to have full access to my wallet forever. I'm wrong?

    submitted by /u/Torre_Nera
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment