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    Bitcoin Daily Discussion, June 06, 2021

    June 06, 2021

    Bitcoin Daily Discussion, June 06, 2021

    Daily Discussion, June 06, 2021

    Posted: 05 Jun 2021 10:04 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]

    The President of El Salvador has announced that he will make #Bitcoin legal tender in his country.

    Posted: 05 Jun 2021 01:57 PM PDT

    The President of El Salvador has announced that he will make #Bitcoin legal tender in his country. El Salvador will be the first country to hold bitcoin in its reserves.

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

    I'm from El Salvador and I'm here to clarify some things about the BTC adoption recently announced.

    Posted: 05 Jun 2021 04:39 PM PDT

    Hello, I'm from El Salvador so I'd like to give you all some information that might help you clarify things. I posted this in another thread and made some slight edits.

    First some info of the current zeitgeist in El Salvador:

    The president's party, Nuevas Ideas (New Ideas), was formed in 2018-2019 as a new alternative to the old bipartisan, marxist-left (FMLN) and ultranationalist right (ARENA) system that had controlled the government since the end of the Civil War in 1992. He won the presidential elections in 2019 with 52% of the vote (overwhelming majority) and just recently won the legislative elections in 2021 by a landslide (73% of the vote). That means that his party controls the Congress with 2/3 of the legislators, which are enought to pass any bill that they want, and in fact that's what they've been doing.

    His party is made up of mostly young professionals tired of the corrupt system that has kept the country poor and underdeveloped for the past 30 years. In just their first day in office they fired the Attorney General (who had been protecting other corrupt politicians) and 5 other magistrates, accused of being bought by the oligarchy to protect their economic interests. In just a month, the new Congress has approved unprecedented financing for education and infrastructure and has passed bills that make sure that the predatory economic elites that used to buy politicians in the past are kept in check. Many big infraestructure projects are expected to be approved by Congress soon, including the construction of a high-speed railway and a new international airport.

    One of the biggest projects that the government is building is called Surf City, which is basically road, electricity and communications infrastructure along the coastline to help small businesses. In fact, for this very reason, the ISA decided to hold the World Surfing Games (which are happening until tomorrow) to qualify for the Tokyo 2021 Olympics in El Salvador. Bitcoin is already used by small businesses in this area, especially in El Zonte, which is one of the more popular beaches that gets a lot of international tourists.

    I know most people used to have the notion that El Salvador was a dumpster fire, because we were. However, the country is going through huge change. Just yesterday the ex-mayor of San Salvador (the capital) was captured by the police and is awaiting trial for corruption and gang financing and also the ex-first lady was sentenced to 10 years in prison for money laundering. El Salvador is no longer on the top 10 list of most violents countries in the world (the muder rate used to be 12-15 homicides daily and has decreased to nearly 3-4 daily since Bukele took office) and our economy is expected to grow steadily too.

    Bukele (39 years old) is extremely popular, with an approval rating of over 90% during his second year in office. Mostly due to this forward thinking. You can see this with the data related to the pandemic. El Salvador is the Central American country with the lowest mortality rate (due to a massive revamp of our healthcare system), the lowest number of COVID-19 cases and the fastest rate of vaccine applications, having just surpassed the 2 million mark. The government also just launched a project to give laptops to 100% of the students of the public school system. The country still has massive challenges to overcome but I'm confident we are on a very good path.

    The adoption of Bitcoin as legal tender is HUGE news for this country. I assure you that Congress will pass this bill. I couldn't give you an exact date, but the economics commission will probably receive all the papers this week.

    I'll try to answer any questions that you guys might have.

    UPDATE: Most legislators have come forward saying they will back the bill.

    UPDATE 2: I'm done for today but I'll keep monitoring this thread.

    Some useful links:

    Bitcoin in El Salvador as of today:

    https://www.youtube.com/watch?v=-G9cmff81fc (Spanish)

    https://www.youtube.com/watch?v=7VV0A_favrk (Spanish)

    https://www.youtube.com/watch?v=95tNWXADX14 (English)

    https://www.youtube.com/watch?v=W4XcHi_NXl8 (Spanish)

    The Surf City project (which is where Bitcoin will most likely flourish):

    https://www.latimes.com/sports/olympics/story/2021-06-04/el-salvador-is-riding-the-waves-as-global-surfings-newest-mecca

    https://www.youtube.com/watch?v=Wna7x7O25lA (English)

    https://www.youtube.com/watch?v=aznk1VSpqHA (English)

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

    WTF, This MASSIVE news barely get a reaction on a 3 million members sub?

    Posted: 05 Jun 2021 08:32 PM PDT

    FIRST NATION EVER TO ADOPT BITCOIN AS LEGAL TENDER!

    A few years back these news would have broken the front page.

    These are great news for the WHOLE WORLD. It shows that we can achieve unity, honesty, integrity, that we can change things for good and get rid of the old corruption.

    Also in the cryptocurrency sub these posts are getting downvoted (BTW that sub just surpassed r/bitcoin for the very first time ever in members).

    I'm thinking somebody powerful is paying por a massive cybercampaign against bitcoin?

    Edit---> Also go read this if you haven't or you think these are not huge news:

    https://old.reddit.com/r/Bitcoin/comments/nt8hi6/im_from_el_salvador_and_im_here_to_clarify_some/

    Hello, I'm from El Salvador so I'd like to give you all some information that might help you clarify things. I posted this in another thread and made some slight edits.

    First some info of the current zeitgeist in El Salvador:

    The president's party, Nuevas Ideas (New Ideas), was formed in 2018-2019 as a new alternative to the old bipartisan, marxist-left (FMLN) and ultranationalist right (ARENA) system that had controlled the government since the end of the Civil War in 1992. He won the presidential elections in 2019 with 52% of the vote (overwhelming majority) and just recently won the legislative elections in 2021 by a landslide (73% of the vote). That means that his party controls the Congress with 2/3 of the legislators, which are enough to pass any bill that they want, and in fact that's what they've been doing.

    His party is made up of mostly young professionals tired of the corrupt system that has kept the country poor and underdeveloped for the past 30 years. In just their first day in office they fired the Attorney General (who had been protecting other corrupt politicians) and 5 other magistrates, accused of being bought by the oligarchy to protect their economic interests. In just a month, the new Congress has approved unprecedented financing for education and infrastructure and has passed bills that make sure that the predatory economic elites that used to buy politicians in the past are kept in check. Many big infrastructure projects are expected to be approved by Congress soon, including the construction of a high-speed railway and a new international airport.

    One of the biggest projects that the government is building is called Surf City, which is basically road, electricity and communications infrastructure along the coastline to help small businesses. In fact, for this very reason, the ISA decided to hold the World Surfing Games (which are happening until tomorrow) to qualify for the Tokyo 2021 Olympics in El Salvador. Bitcoin is already used by small businesses in this area, especially in El Zonte, which is one of the more popular beaches that gets a lot of international tourists.

    I know most people used to have the notion that El Salvador was a dumpster fire, because we were. However, the country is going through huge change. Just yesterday the ex-mayor of San Salvador (the capital) was captured by the police and is awaiting trial for corruption and gang financing and also the ex-first lady was sentenced to 10 years in prison for money laundering. El Salvador is no longer on the top 10 list of most violent countries in the world (the murder rate used to be 12-15 homicides daily and has decreased to nearly 3-4 daily since Bukele took office) and our economy is expected to grow steadily too.

    Bukele (39 years old) is extremely popular, with an approval rating of over 90% during his second year in office. Mostly due to this forward thinking. You can see this with the data related to the pandemic. El Salvador is the Central American country with the lowest mortality rate (due to a massive revamp of our healthcare system), the lowest number of COVID-19 cases and the fastest rate of vaccine applications, having just surpassed the 2 million mark. The government also just launched a project to give laptops to 100% of the students of the public school system. The country still has massive challenges to overcome but I'm confident we are on a very good path.

    The adoption of Bitcoin as legal tender is HUGE news for this country. I assure you that Congress will pass this bill. I couldn't give you an exact date, but the economics commission will probably receive all the papers this week.

    I'll try to answer any questions that you guys might have.

    UPDATE: Most legislators have come forward saying they will back the bill.

    Some useful links:

    Bitcoin in El Salvador as of today:https://www.youtube.com/watch?v=-G9cmff81fc (Spanish)

    https://www.youtube.com/watch?v=7VV0A_favrk (Spanish)

    https://www.youtube.com/watch?v=95tNWXADX14 (English)

    https://www.youtube.com/watch?v=W4XcHi_NXl8 (Spanish)

    The Surf City project (which is where Bitcoin will most likely flourish):

    https://www.latimes.com/sports/olympics/story/2021-06-04/el-salvador-is-riding-the-waves-as-global-surfings-newest-mecca

    https://www.youtube.com/watch?v=Wna7x7O25lA (English)

    https://www.youtube.com/watch?v=aznk1VSpqHA (English)

    Also watch this video of Jack Mallers and the President of El Salvador:

    https://www.youtube.com/watch?v=-Vcgy1wli9k

    Edit 2: Maybe we need a Mega-Thread for these news.

    Also, please report the numerous anti-bitcoin trolls that are popping up in all the posts. If you check their comment history you'll see they are working full-time bashing bitcoin and spreading lies and misinformation.

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

    Made this Bitcoin live edge woodburning! Finished with a super shiny epoxy resin.

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    Posted: 05 Jun 2021 07:05 PM PDT

    President of El Salvador Says He’s Submitting Bill to Make Bitcoin Legal Tender

    Posted: 06 Jun 2021 12:26 AM PDT

    I´m working on an app for the community

    Posted: 06 Jun 2021 12:46 AM PDT

    Alyse Killeen mic drop at Bitcoin 2021

    Posted: 05 Jun 2021 07:39 AM PDT

    Anonymous Targets Elon Musk for Destroying Crypto Holders' Lives, Trying to Control Bitcoin – Featured Bitcoin News

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    Jack Dorsey Joins Effort To Create $5 Million Dollar Bitcoin Mining Facility Powered By Renewable Energy

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    Square to Invest $5M to Build Solar-Powered Bitcoin Mining Facility With Blockstream

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    Anonymous to Elon

    Posted: 06 Jun 2021 12:57 AM PDT

    'Anonymous' group releases 'message' to Elon Musk.

    Posted: 06 Jun 2021 02:27 AM PDT

    El Salvador's president says will send bill to make bitcoin legal tender

    Posted: 05 Jun 2021 06:59 PM PDT

    El Salvador looks to become the world’s first country to adopt bitcoin as legal tender

    Posted: 05 Jun 2021 02:36 PM PDT

    MARA Pool mines their first Taproot block!

    Posted: 05 Jun 2021 07:58 PM PDT

    About 10mins ago MARA pool has finally signalled for taproot. (Which is a big step since they are/were OFAC compliant)

    This means all known mining pools are now signalling for taproot, potentially >99%. Only a handful of unknown mining blocks have not signalled <1%.

    Source: https://taproot.watch/miners

    submitted by /u/brando2131
    [link] [comments]

    El Salvador President Bukele wants Bitcoin as legal tender

    Posted: 06 Jun 2021 03:13 AM PDT

    My Bitcoin "Manifesto"

    Posted: 05 Jun 2021 06:06 PM PDT

    I am a 50 year old white Gen X'r in the USA originally from Boston, Mass. I live a comfortable life as an IT systems admin for a large firm. I first entered Bitcoin a couple years ago for economic practicality reasons. I saw inflation coming and wanted a hedge. Later I would learn about the possible future riches with Bitcoin's scarcity which was a big lightbulb moment and I've also felt some FOMO.

    For a long time I scoffed at Bitcoin and thought it was some millennial young man in his basement type of dream. I should have listened closer back in 2011 to Max Keiser and company... but that is all in the past. You can only change the future.

    After this weekend's Bitcoin conference though I now HODL Bitcoin because I want to improve the world. This is no longer about the $ value.

    **Fix the money. Fix the world.**

    Watching a young, somewhat 'unprofessional' Jack Maller speak so passionately about his work in El Salvador made me realize that Bitcoin is so much bigger than me becoming a millionaire. It is HOW to save the planet AND the people simultaneously. This is a "____ lives matter" revolution that I can join and know it will truly fix something. In the future bitcoin world I envision people will no longer have their life energy and time stolen from them. The evil games that the rich play on the poor will be less effective. The Bitcoin protocol doesn't care about your sex, age, sexual preference, race, religion, trading, type of trade, or even your past criminal record. It is the central banker mankind has always needed and wanted but never had. Until now.

    Every environmentalist should realize how much bitcoin incentivizes green renewable energy, everyone passionate about sustainability of resources wanting to see the true worldwide price figured in, everyone who wants to solve homelessness, unemployment, fair trade and affordable housing, everyone who wants to improve politics in EVERY country (not just your own), every businessman who doesn't want to struggle as hard, every student who wants to fight for fairness, diversity, every female who wants to secure property rights for women WORLDWIDE NOW and not through the courts, every revolutionary that wants to end war and the "Military Industrial Complex" should be joining us with all their passion......and I could go on.

    THIS IS THE REVOLUTION of ALL REVOLUTIONS. If you REALLY want to make a difference, join our fight.

    I want a better world for my grandchildren. Bitcoin is the way to do this. This is why I HODL now. Ask me at what price I will sell you my Bitcoin for now? As Mastercard would say.... "priceless".

    Be the change in the world you want to see and thanks for reading.

    ​

    p.s. - Elon, you and I are the same age.... You are smarter than me on most tech issues and I still stand in awe of your achievements. IMHO you are always welcome as a part of our revolution and I'm not even certain yet that you ever left. I'm hoping you start to see this revolution the same way you do some of your other past fights with institutions and stand with Bitcoin all the way.

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

    Historic moment for Bitcoin: We have the first Laser-Eyed President.

    Posted: 05 Jun 2021 11:41 PM PDT

    Michael Saylor Leaves Audience Speechless | Bitcoin Interview

    Posted: 05 Jun 2021 10:57 AM PDT

    El Salvador To Make Bitcoin Legal Tender and Add Bitcoin To Their Reserves - Jack Mallers of Strike - June 5th 2021

    Posted: 05 Jun 2021 03:04 PM PDT

    BBC just ran main news piece on El-Salvador's Bitcoin news

    Posted: 06 Jun 2021 02:50 AM PDT

    And who do you think they brought on to talk about it? Roger f*cking Ver!! unbef*ckingleavable!

    Of course he spouted off about how Bitcoin was a joke and could only publish 3 transactions a second and only his shitcoin which shall not be named was up to the job. Mocked the el-salvadore president for being 10 years behind the curve on how bad Bitcoin is! I mean how do these people get airtime if it's not a conspiracy against Bitcoin?

    Edit: Ditching my BBC license.

    submitted by /u/bell2366
    [link] [comments]

    Jack Mallers and El Salvador President message

    Posted: 05 Jun 2021 07:12 PM PDT

    El Salvor Becomes The First Country to Declare Bitcoin Legal Tender w/ Jack Mallers of Strike

    Posted: 06 Jun 2021 12:55 AM PDT
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