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    Bitcoin Daily Discussion, May 04, 2021

    May 04, 2021

    Bitcoin Daily Discussion, May 04, 2021

    Daily Discussion, May 04, 2021

    Posted: 03 May 2021 10:07 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
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    BTC

    Posted: 03 May 2021 11:03 PM PDT

    "Printing money is stealing from the poor", once again on the Bank of England. Civil disobedience next level.

    Posted: 03 May 2021 08:42 AM PDT

    Jack Dorsey explaining the banking red tape of Cash App on a global scale, and how Bitcoin solves all those issues

    Posted: 03 May 2021 08:50 PM PDT

    Antpool has just signalled for Taproot

    Posted: 04 May 2021 01:06 AM PDT

    This is more exciting than watching the price

    submitted by /u/LighteningNetwork
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    Corporations Purchased $8 Billion Worth of BTC in Q1 2021 - The Tokenist

    Posted: 04 May 2021 01:13 AM PDT

    Charlie Munger hating on bitcoin shows that boomers feel threatened because they got complacent and missed out on the next big thing

    Posted: 03 May 2021 07:24 AM PDT

    EBay CEO says looking at cryptocurrency as payment option: CNBC

    Posted: 03 May 2021 08:26 AM PDT

    New pool "Poolin" started signaling for Taproot activation!

    Posted: 03 May 2021 08:29 PM PDT

    Time is deflationary.

    Posted: 03 May 2021 01:34 PM PDT

    You only get one life. As you age, time becomes more and more valuable. The premium continues to increase.

    Your time is the most valuable asset you have and it needs to be represented by something finite. We should not trade our time for something that does not respect it. Life is precious.

    Do not forget this.

    submitted by /u/Supreme-Weiner
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    Bitcoin Paradise exists

    Posted: 03 May 2021 07:42 AM PDT

    People, it is called Portugal :

    - No crypto taxes

    - Cheap cost of living

    - Very nice weather, good food and nice people

    - No security issues

    - Lots of beaches to relax or surf, beautiful cities and all kind of good services and activities

    - Good infrastructures for remote work, co-work and develop businesses

    - Very good place to invest in real estate too, as there is a lot of tourism.

    ​

    Come to Portugal and enjoy ;)

    ​

    PS: The beer and wine are great too!

    submitted by /u/Popular_Wolverine580
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    The Big Short

    Posted: 03 May 2021 06:08 AM PDT

    Just watched this movie yesterday about the housing crash of 2008. One month later Satoshi Nakamoto published the white paper.

    If you want to understand why Bitcoin was created and why so many people say that Bitcoin = Freedom from this corrupted system, watch this movie, can't recommend enough.

    It's labeled comedy, but I was anxious throughout the whole movie lol.

    Edit: you can see many parallels with the current situation, with endless money printing. Bitcoin solves this.

    submitted by /u/DestructorEFX
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    9 people out of 10 I talk to are still not in. That is why i respect everyone here on Reddit so much, because if you are reading this whoever you are in actual life you are defo one of the intelligent 1%

    Posted: 03 May 2021 12:28 PM PDT

    I kid you not lietrally 9 out of 10 people i talk to they are not even in yet/dont understand it/ reject it, and the ones who are in have only like 5% max of their money in.

    I really think it is just me and everyone here on reddit who are like actually committed to hodling a meaningful amount.

    It is going to overtake gold so first it is gonna do a 10x and then after that it will do another 5x

    Hodl tight, we are in this together.

    submitted by /u/kadudu888
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    Africa is leading the world in peer-to-peer bitcoin trading volume growth this year so far.

    Posted: 03 May 2021 02:13 PM PDT

    The Reddit Lightning Network Megahub is getting stronger! We added at least 7 Triangles this weekend alone

    Posted: 03 May 2021 04:34 PM PDT

    Bitcoin Hit its Highest Address Activity in 3 Weeks on Monday, 4th Highest Address Activity Day of 2021

    Posted: 04 May 2021 12:51 AM PDT

    No More Bitcoin Left In 454 Days.

    Posted: 03 May 2021 09:49 AM PDT

    Fun Fact: If #Bitcoin keep moving off Coinbase at the rate they have over the last 5 months, the exchange will have 0 BTC left to sell in 454 days.

    ​

    https://twitter.com/WClementeIII/status/1389237015124791300

    Dollar Cost Average In, Remove your bitcoin off the exchanges and let the banks scramble to source their own bitcoin. Don't sell your Bitcoin to banks or hedgefunds.

    submitted by /u/HistoricalComment803
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    I totally forgot I gave someone permission to press my music a year ago. Yesterday I found out they actually pressed 200 copies and it's a thing. This is so exciting! To my knowledge, this was the first crypto music on wax. Please correct me if i'm wrong.

    Posted: 03 May 2021 09:29 PM PDT

    Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021

    Posted: 03 May 2021 06:38 PM PDT

    Glassnode predicts BTC rally as stablecoin supply tags record highs

    Posted: 03 May 2021 08:05 PM PDT

    Observations from a late 30 year old

    Posted: 03 May 2021 10:33 PM PDT

    This is not to be pro or con bitcoin. It's observations. I hope it's helpful.

    I started work in May 2007. For the first few months, things just got better and better. Then, in a matter of months, things changed. Here's what I learned:

    Most people in the system, especially those less mobile (big mortgages, families, lack of flexibility, lack of savings, low net worth) will deny most disasters. They simply do NOT want to talk about it.

    There can be humungous changes that are laughed at by the majority. Though I like most of his stuff, Bill Mahr did a skip ripping bitcoin. There is a clip from him years ago about how the phone "is not a swiss army knife". Generally the more entrenched, the more you don't want to see new possibilities.

    The people with the most advice tend to (but not always) have the least money.

    In late 2007, it was apparent that things were spiraling out of control. When you did some research, you found that everyday Joe owned 10 houses, and successful Tim had 20. I knew people carrying 3x their annual income in credit card debt.

    In 2016, and especially 2017-2018, the housing market had to crash. Right?

    In February of 2020, I asked a coworker who used to work at a publicly traded scientific company about covid. He laughed it off.

    So what do I see today. I do not know. I see the traditional crowd laughing, but it's nervous laughter. I see a fed chairman continue to mumble through nonsense. I see a bank of america report about "transitory hyperinflation". I see 6 trillion of debt, and tons of debt in europe, and no clue how the bill will effect us. My take-it will actually drag down the economy and create even more debt.

    The biggest financial mistake most of my peers made was waiting for a crash that never came, of not taking the time to research what is going on. I don't believe anything is crazy. The stock market isn't crazy, it's a reflection of bank balance sheets.

    I am no Guru, and I am a terrible trader. But I'll tell you this-it's not about this crisis. It's about the next one. They are going to make rates negative.

    submitted by /u/mrbiggelsworth07
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    Defi on Bitcoin Soars as RSK Total Value Locked Crosses 1.445K BTC. Recently launched Decentralized Exchange (DEX) Sovryn, has helped Bitcoin layer-2 platform, RSK, surpass 1,400 BTC in total value locked (TVL). To clarify, RSK has a current TVL of 1,445 BTC, over 259,000 smart contract transaction

    Posted: 03 May 2021 11:05 PM PDT

    Bitcoin Taking Over – Soccer Player Ifunanyachi Achara the Latest Sports Pro to Take Salary in Bitcoin with Bitwage

    Posted: 03 May 2021 07:44 AM PDT

    Fun Fact: BTC outflow at Coinbase continuing at recent rate, means 0 Bitcoin left to sell in 454 days for them.

    Posted: 03 May 2021 10:09 PM PDT

    Video: “Our Measures of Money Have Been Inadequate” Alan Greenspan to Ron Paul (2000)

    Posted: 03 May 2021 09:20 PM PDT

    BTC Is Less Volatile Than Apple or Tesla, Says Binance CEO

    Posted: 04 May 2021 02:12 AM PDT
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