Bitcoin Daily Discussion, June 02, 2021 |
- Daily Discussion, June 02, 2021
- Why the whole banking system is a scam - Godfrey Bloom
- Why We Love Bitcoin: Bald Face Liars at The Fed
- Bitcoin is still only 7% of Gold's market cap... we are early!
- I've become so apathetic to both the price and fud while all my assets have been parked in bitcoin for several years, my confidence is unwavering and even more stronk then Saylor's own convictions.
- Satoshi fighting Fiat Money in never before seen footage!
- REMINDER: if you've HODL'd for at least 5 months, then you're up 25% on your investment, even with the most recent massive dip
- “I don’t care”: traders continue to trade cryptocurrencies in China
- "Lebanese are increasingly turning towards cryptocurrency as a means to gain financial freedom during an ever-worsening economic and financial crisis and hyperinflation...a growing number of local small businesses, ranging from grocery stories to fashion boutiques, are accepting payment in bitcoins"
- Literally to the moon: Brazilians used the moon as an intermediary for bitcoin transaction. In brazilian portuguese.
- Mempool is clearing :D
- A remind to hodl: this guy sold 6 years ago.
- BTC is forever changed. Stop whining and take advantage of it.
- Bitcoin donations on Twitch, via Lightning! I've managed to integrate Lightning donations with a static QR code using LNbits. The donations trigger an alert via Streamlabs. All non-custodial! The future is coming.
- Fees are at rock bottom. My transfer with 1 sat fee from January was just included.
- One of the most clarifying statements about Bitcoin security. Only 690 tweets!
- Bitcoin's lightning network is adding ~ 150 nodes with active channels every single week. Growth is accelerating. Watch this space.
- Southdown dental, a clinic in Mississauga, Ontario, is launching cryptocurrency payments.
- Hungary is about to create a statue in honour of Satoshi
- The Bullrun ain't done until the fat lady sings, an I ain't heard no fat ladies singing yet
- "We Saw This in 2017 Before the Massive Bull Run" | Cathie Wood
- Need help recovering crypto after my dad passed
| Daily Discussion, June 02, 2021 Posted: 01 Jun 2021 10:09 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]  | ||
| Why the whole banking system is a scam - Godfrey Bloom Posted: 02 Jun 2021 01:05 AM PDT
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| Why We Love Bitcoin: Bald Face Liars at The Fed Posted: 01 Jun 2021 04:49 PM PDT
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| Bitcoin is still only 7% of Gold's market cap... we are early! Posted: 01 Jun 2021 10:33 AM PDT
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| Posted: 01 Jun 2021 04:08 PM PDT I am blissful and numb. I have two trees in my yard right now. One just a normal maple with green leaves, the other a red maple with red leaves. They're both nice to look at. I've become completely numb to all articles from Kitco, Yahoo, and Forbes. I frankly don't give a shit what anyone has to say anymore about the chain but the chains own proven results. I have complete faith that I can park money and help this network and eventually it will both bennifit the world and pay off as an investment. Tldr, I've learned to stop giving any shits, sit back and enjoy the hodling of holdings. Live life. Just hope these words help others to stop worrying and sit back as well. Have a great June all! [link] [comments]  | ||
| Satoshi fighting Fiat Money in never before seen footage! Posted: 01 Jun 2021 02:59 PM PDT
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| Posted: 01 Jun 2021 01:43 PM PDT By comparison, the stock market (as measured by the S&P 500) is only up about 13% over the last 5 months. [link] [comments]  | ||
| “I don’t care”: traders continue to trade cryptocurrencies in China Posted: 01 Jun 2021 02:27 PM PDT
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| Posted: 01 Jun 2021 02:11 PM PDT | ||
| Posted: 01 Jun 2021 09:20 PM PDT So some Brazilians sent a bitcoin transaction in radio wave format to the moon, which reflected the signal. In another city, a second group captured the radio signal, converted it back to binary, and confirmed the transaction. Literally to the moon! [link] [comments]  | ||
| Posted: 02 Jun 2021 02:29 AM PDT The good time of 1 sat/vbytes transaction fees is back :) To me it is a proof that Bitcoin has no more problem of scalability thanks to Segwit and LN (my node routed more than 3500 payments last month). [link] [comments]  | ||
| A remind to hodl: this guy sold 6 years ago. Posted: 02 Jun 2021 03:56 AM PDT | ||
| BTC is forever changed. Stop whining and take advantage of it. Posted: 01 Jun 2021 02:25 PM PDT TL;DR: The BTC market has undergone a fundamental change and we are never going back to the world of a year ago. This was bound to happen. But the fundamentals of the technology haven't changed, and Whale Dominance of the market is NOT the same thing as centralization. So get used to it, and adapt to the new environment! Okay, now the long version: A lot of us got involved with Bitcoin for philosophical reasons. Most of us who have been around for more than a year, I'd say, got involved with BTC because of what it offers in terms of freedom from the state, freedom from centralization, privacy, opposition to fractional reserve banking and inflation, etc. You can all these old-timers the "Philosophical Bitcoiners." And you can count me in that group. I got into BTC because I got sick of the government and big corporate interests screwing me over every few years with recessions, bailouts, tax laws that benefit the wealthy over the working man, etc. But I always knew the "whales" would come, that eventually our own success would draw the wealthy over to BTC and they would begin manipulating and dominating the markets. In this recent post I explained how and why whales let us, the Philosophical Bitcoiners, take all the risk and do all the investing in building out this platform. Now that the whales have entered, we have to understand the shift in circumstances. I see a lot of people whining about the current state of affairs, complaining that people don't invest in BTC for the right reasons any more, that folks are just buying BTC to try to get rich. And yeah, thay annoys me as well. I WANT people to understand BTC, understand what makes it fundamentally different from any previous financial instrument in history. But the whales, specifically, don't care about ANY of that. They fetishize BTC in the way they fetishize all commodities. That is to say: When whales invest in Ford, they don't give a shit about the cars. They just want the stock to go up so they can make more money. When whales invest in gold, they don't give a shit about the shiny rocks. They just want the price of gold to go up so they can make more money. When whales by a company, they don't care about the workers or the customers. They just want the profits to go up so they can make more money. This is a fundamental aspect of any market that allows people who have accumulated billions of dollars to enter -- because this is the only way to accumulate billions of dollars! Look at the assets that are being disclosed belonging to Bill Gates. The man owns more farmland than anyone else in the USA. You think he knows anything about farming? You think he cares about farming? He owns a private jet company. You think he bought it because he's passionate about aviation? You think he runs his "foundation" because he actually gives a shit? No, they're all wealth accumulation vehicles which fetishize the commodities, activities, and philosophical underpinnings of whatever sectors Billy boy has entered. Such it is with BTC. These financial institutions like Black Rock and Goldman Sachs and whatever other billionaires and corporations are getting involved don't give a shit about the philosophy and promise of BTC, they are entering the market because they want to make more money. This should come as a surprise to nobody, and everybody should see that things will never go back to the way they were, because the billionaires can throw their money around and manipulate the media to their own advantage, and there's nothing we can do to stop them. That said, I'd like to push back against a few narratives I frequently see around here:
The fact is, if you understand BTC, you will be able to take advantage of all the same benefits we always have. You will be able to really and truly own it, as long as you alone have the keys. The government can't seize it from you if you can keep your keys secret. It will always be anti-inflationary. It will always be decentralized. Nothing about the fundamentals has changed. The only thing that has changed is that the price can be manipulated by whales (who will generally prefer to see the price go up over the long term) and a lot more people will be using it who don't understand it (which is just the nature of literally any currency or asset... most people who use fiat money don't understand fiat money, but that doesn't stop them from using it). So, does it kinda suck that whales have entered BTC? Does this fundamentally change the BTC environment? Yes. But this is the cost of growth within the capitalist system. As long as individuals and corporations are able to accumulate billions of dollars this is always going to be the case. But BTC can't be fundamentally corrupted and sabotaged from within like the stock market and fiat money, which is a distinction we should all be aiming to leverage. As always, don't invest more than you can afford to lose, and best of luck. [link] [comments]  | ||
| Posted: 01 Jun 2021 10:44 AM PDT
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| Fees are at rock bottom. My transfer with 1 sat fee from January was just included. Posted: 02 Jun 2021 03:36 AM PDT I found an old bitcoin core in January on a SD card which I had run as a test on an old Raspberry Pi ages ago. I booted that image just to transfer the about 30€ worth of sats away. I put in a 1 sat fee as there wasn't much to transfer. Then I shut down that machine and stored the SD card away. I've been occasionally checking the current fees and it's been months when nothing under 20 or 10 sats were included. But today it finally happened. The sats arrived into a another wallet. Tldr; if you have small change somewhere you want to move, now seems to be a good time as mempool is quite empty and fees low. [link] [comments]  | ||
| One of the most clarifying statements about Bitcoin security. Only 690 tweets! Posted: 02 Jun 2021 03:54 AM PDT
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| Posted: 01 Jun 2021 09:10 AM PDT
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| Southdown dental, a clinic in Mississauga, Ontario, is launching cryptocurrency payments. Posted: 02 Jun 2021 01:30 AM PDT Southdown dental, a clinic in Mississauga, Ontario, is launching cryptocurrency payments. The Clinic says it can pay for everything from regular checks to children's braces in digital currency. [link] [comments]  | ||
| Hungary is about to create a statue in honour of Satoshi Posted: 02 Jun 2021 12:19 AM PDT
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| The Bullrun ain't done until the fat lady sings, an I ain't heard no fat ladies singing yet Posted: 01 Jun 2021 07:35 PM PDT
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| "We Saw This in 2017 Before the Massive Bull Run" | Cathie Wood Posted: 01 Jun 2021 10:06 AM PDT
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| Need help recovering crypto after my dad passed Posted: 02 Jun 2021 01:21 AM PDT This will be my first post here so if not okay please delete My dad passed in February because of COVID. He was in his 80s. (Had me when he was 60). I spent a lot of time with my dad but he was never very open about his life and past experiences. It was very hard for me because I am not close with anyone else in my family. That being said after he passed there was no will, so everything will be getting split 5 ways between his children. I have never met over half of these people and they where not present for my dads illness, or to help clean up the mess that was left after his passing. There will not be much inheritance for me because of this, but my father was into mining crypto and that was something we shared together. My sister had remove everything of value the day my father passed including his computer and some flash drives labeled "Bitcoin". This is very concerning to me because it was never brought up to the lawyer or in the probate. So really only I and my sister know of this. She and her husband are not very tech savvy but would have no problem taking everything without a second glance. My dad entrusted me to his safe key and password but she had removed the personal safe and broken into it before I was able to remove any items after he passed. I am simply asking for advice on how I could possibly proceed from here. Even with the flash drives I would be unsure of how to access the coins, if I would need a password, if I could avoid the flash drives all together. This is something that troubles me greatly everyday. Any advice would be greatly appreciated. I do have two of the main hard drives that were in his computer that has information/files with wallets. Thank you very much [link] [comments]  |
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