Bitcoin Daily Discussion, May 02, 2021 |
- Daily Discussion, May 02, 2021
- Every newbie must learn
- "Bitcoin fixes this" on the Bank of England
- So many new "traders" are recently hitting this sub, it looks like the scam, alt season is here and with it all the get rich quick MoonLambo gainz bois. Shitcoins, trading and leverage are here for one, simple reason: to steal your Bitcoin. DCA & HODL strategy works best and keeps you sane.
- Taproot signaling: ON.
- SlushPool is first to signal for taproot!
- Let’s all remember. Berkshire Hathaway is complicit in money laundering and the deaths of 100k+ Mexican deaths
- Charge my electric vehicle and im saving the environment, use the same amount of electricity to mine bitcoin and everyone loses their minds..
- Only another $346Billion before we pass silver total market cap. Go BTC! That's only about another $18,506 per coin to have total market cap surpassing Silver
- Bitcoin Core 0.21.1 Released With Taproot Activation Code
- Bill Maher: “It’s been explained to me, and I still don’t understand it.”
- Miner signalling for the Taproot Speedy Trial softfork starts now! I've made a simple site where you can follow the progress.
- In the rabbithole: Read "The Bitcoin Standard", got a fullnode, telling everyone to do the same
- they keep selling, I keep buying
- A quick reminder that Charlie Munger is a financial terrorist
- This sub is 1000x better than r/cryptocurrency
- I made a bitcoin price tracker you can run on any device in 10 seconds for free (details inside)
- Warren Buffet sees unstoppable inflation, Charlie Munger says it is very dangerous and just the beginning. These two are anti-bitcoin dinosaurs but they know inflation when they see it.
- Fixed it there for you buddy
- Why The Taproot Activation Proves Bitcoin's Decentralization
- 56 nodes running Bitcoin Core 21.1
- Explain Like I’m Not a Developer: Taproot Privacy | Braiins
- Seen in Mexico City Yesterday (has anyone been here?)
- In light of Bill Mahers Bitcoin talk on HBO
- China Creates Its Own Digital Currency, a First for Major Economy - WSJ
| Daily Discussion, May 02, 2021 Posted: 01 May 2021 10:01 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. [link] [comments]  | ||
| Posted: 02 May 2021 12:13 AM PDT
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| "Bitcoin fixes this" on the Bank of England Posted: 01 May 2021 06:09 AM PDT
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| Posted: 01 May 2021 12:21 PM PDT
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| Posted: 01 May 2021 09:17 PM PDT
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| SlushPool is first to signal for taproot! Posted: 01 May 2021 10:23 PM PDT
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| Posted: 01 May 2021 11:27 PM PDT
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| Posted: 02 May 2021 12:22 AM PDT If I take my electricity and plug in my electric vehicle every single day so I can drive to the mall I am saving the environment. But if I take my electricity and plug in my electric bitcoin miner to provide transaction validation and propagation services for the worlds population then I am somehow destroying the environment. The whole bitcoin environment destruction narrative is such a farce. [link] [comments]  | ||
| Posted: 01 May 2021 07:06 PM PDT | ||
| Bitcoin Core 0.21.1 Released With Taproot Activation Code Posted: 01 May 2021 02:49 PM PDT | ||
| Bill Maher: “It’s been explained to me, and I still don’t understand it.” Posted: 01 May 2021 09:09 AM PDT Satoshi Nakamoto: "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." [link] [comments]  | ||
| Posted: 01 May 2021 01:29 PM PDT | ||
| In the rabbithole: Read "The Bitcoin Standard", got a fullnode, telling everyone to do the same Posted: 01 May 2021 02:32 PM PDT Bitcoin made me want to look into finance and understand the basic concepts of finance. The book "The Bitcoin Standard" opened my eyes and now I can't close them. I can't stop thinking about how the state is devaluing my money. And that's why, little by little, I'm not going to play this game anymore. Bitcoin is the solution. Since one week I am my own bank with my bitcoin fullnode, Lightning Wallet and BTCPay Server. The goal is to gradually transfer the fiat money into bitcoin. And I'm telling everyone who shows even a hint of interest everything I know about it. Follow my lead! [link] [comments]  | ||
| they keep selling, I keep buying Posted: 02 May 2021 02:31 AM PDT | ||
| A quick reminder that Charlie Munger is a financial terrorist Posted: 01 May 2021 03:45 PM PDT
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| This sub is 1000x better than r/cryptocurrency Posted: 02 May 2021 12:08 AM PDT That sub has become a cesspool since issuing moons. You guy and gals are awesome 😎. [link] [comments]  | ||
| I made a bitcoin price tracker you can run on any device in 10 seconds for free (details inside) Posted: 01 May 2021 02:13 PM PDT
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| Posted: 01 May 2021 11:05 PM PDT
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| Posted: 01 May 2021 06:23 PM PDT
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| Why The Taproot Activation Proves Bitcoin's Decentralization Posted: 02 May 2021 12:57 AM PDT
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| 56 nodes running Bitcoin Core 21.1 Posted: 01 May 2021 07:29 PM PDT According to https://blockchair.com/bitcoin/nodes only 56 nodes are running Bitcoin Core version 21.1 which has the new taproot softfork proposal implemented If you're not running a node, consider doing so: [link] [comments]  | ||
| Explain Like I’m Not a Developer: Taproot Privacy | Braiins Posted: 02 May 2021 12:19 AM PDT
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| Seen in Mexico City Yesterday (has anyone been here?) Posted: 01 May 2021 03:24 PM PDT
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| In light of Bill Mahers Bitcoin talk on HBO Posted: 01 May 2021 08:42 AM PDT For anyone interested on why Bill Mahers Bitcoin Talk on HBO gets such negativity on Crypto related news, ill try my best to dissect and comment what he said. 1.) All other Cryptocurrencies are comparable to Dodgecoin and the whole thing is a Joke. Dodgecoin is indeed a Memecoin created as a Joke with no Capped Supply and no stable development team. There is no capped supply and around 14.4 Million new coins minted each day or 5.2 billion each year. This makes Dodgecoin a inflationary Crypto and its impossible to sustain or hold value without manipulation or huge influx of investment. Comparing this to other Crypto like Bitcoin is just plain wrong and just said to make a joke – a bad start because at this point he made himself look like a fool. 2.) After his Dodgecoin rant, he explains how he read articles about it and had it explained to him and he still does not get it, procedes to accuse the viewer and anyone else of the same. Instead of giving a journalistic and scientific approach to a complex problem, he again chooses to have ignorant rhetoric with no meaning or value to the topic of Crypto. 3.) He explains "these things called nerds" made up Bitcoin out of thin air, with the Name Satoshi Nakamoto that translates in "Monopoly Money". After this he explains that in his view, Bitcoin has no Service and is there to create money out of nothing. Now it gets rather complicated because a lot is in this statement. Ignorance and hate aside, I don't think Maher is an Idiot, he just has absolutely no idea what money, value and service means. While he used the ignorance and hate speech to devalue programmers and scientists that created one of the most important protocols since WWW to force cheap laughs, which in itself should be pretty viewed controversial to say the least, the essence is him in not knowing anything about the matter. Bitcoin has value because is solves a fundamental problem in value transaction: Consenus. While you needed real labor and third parties in Mr. Mahers prime to get real consent on two partys, the protocol deletes the need for any third party in validating. In time, everything that has evolved in leech like behavior in this space to create consent or validate facts / ownership is no longer needed. The protocol is the invention of a century and not some idiotic thing a "nerd" created out of thin air. Absolute atrocious mindset and critic for this is very well deserved. 4.) He babbles on about how people that grew up with the internet are retarded and that mining is not real. Not worth writing about. 5.) What is real is the massive amount of energy the "supercomputers" use for mining. Goes on to defend cars. States a Nature article from 2018 that Bitcoin could produce enough Co2 to push the world over 2°c in three decades. Cryptocurrency mining 110-130 TWh per year. (0.6% Global Energy consumption) Gold Mining 130 TWh per year Baking System 140 TWh per year Data Centers 260 TWh per year Concrete production 446 TWh per year USA 4194 TWh per year China 6880 TWh per year Global energy consumption 22.315 TWh On cars I'm not in the clear because sources differ. 60-80% of energy is wasted in combustion engine cars so the efficiency varies from 20-40% per gallon of used fuel. Electric cars are 85-90% efficient with the energy feeding though. 1 Gallon of Gas has 33 KWh of potential stored energy. It takes about 5 KWh to refine 1 Gallon of Gas. An electric vehicle can drive around 20 miles with 5 KWh. While I understand the bias of "why does it use energy if it has no use", the internet of things is real. It will solve and be useful for so many different things that the original consensus is just the spark of a new generation. The impact will be extreme. The conclusion is that not everything is as black and white as Mr. Maher paints it out to be. His points are full of holes. His arguments weak, offensive and ignorant. All in all 10/10 prime boomer trolling. [link] [comments]  | ||
| China Creates Its Own Digital Currency, a First for Major Economy - WSJ Posted: 02 May 2021 12:51 AM PDT
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