Bitcoin Daily Discussion, June 13, 2021 |
- Daily Discussion, June 13, 2021
- I will never agree nor support a “Bitcoin Mining Council”
- Greg Abbott, Governor of Texas, has long been a crypto supporter. From inviting “the bitcoin community” to his electoral campaign to signing a law today that puts virtual currency under the Texas Uniform Commercial Code to be a secured transaction.
- Texas Banks Can Now Provide Bitcoin Custody Services For Clients
- [El Salvador] On our best day, we had over 10k off-chain lightning invoices sent to us
- Michael Saylor: "On Wednesday, you are all invited to meet with members of the Bitcoin Mining Council to discuss the latest on Bitcoin Mining, the energy debate, network dynamics, China mining policy, North American mining developments, tech trends & industry outlook".
- An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard
- The World is run by Clowns... buy BTC
- Wow. 10 years ago, Bitcoin crashed from $16 to $.01! Imagine buying Bitcoin at $.01?!!!
- Taproot Activation Brings Massive Upgrades To Bitcoin
- FBI stealing safety deposit boxes! This is why I am my own bank.
- Fighting the FUD
- El Salvador - Bitcoin now legal tender - Does it change the taxation of BTC...?
- An open letter to Senator Warren
- If I want to “retire” in 5 years, how much Bitcoin should I have now.
- Found in Sevilla
- Payment pools, a potential Layer Two solution made possible through Taproot, could let groups of bitcoin users share UTXOs and enjoy more privacy.
- Small time/ town food business owner looking to add crypto/BTC as a form of payment. Any tips or advice on taking crypto as a form of payment?
- Honestly I'm more impressed with the success of Speedy Trial. We proved we can reach global consensus without rulers!
- This is GOOD NEWS! China’s bitcoin crackdown: Fourth-largest bitcoin-producing province joins the country’s moves against crypto mining.
- Question for BTC nomads: When you travel, where do you keep your private keys?
- Where is everybody ?
- Warren Buffet invests $500mn in a bitcoin friendly bank.
| Daily Discussion, June 13, 2021 Posted: 12 Jun 2021 10:08 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]  | ||
| I will never agree nor support a “Bitcoin Mining Council” Posted: 13 Jun 2021 03:42 AM PDT I am sure yall are forgetting the fact that Bitcoin is the world's only DECENTRALISED method of payment. This means that NOBODY has a say in how it is operated or mined. We DON'T need a mining or whatever council. This is just yet another attempt by yet another rich person trying to hold influence over Bitcoin. We know the energy use of Bitcoin and it needs no explanation. Either you take it or leave it. The world is messed up because of power plants, cutting of forests, millions of factories and petrol/diesel cars etc not Bitcoin. How about they address that? Also, If they don't like the energy of use Bitcoin, why don't they choose one the thousands of other Crypto? I personally think that there is a much bigger worry for them other than energy use… [link] [comments]  | ||
| Posted: 13 Jun 2021 06:52 AM PDT
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| Texas Banks Can Now Provide Bitcoin Custody Services For Clients Posted: 12 Jun 2021 08:51 PM PDT
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| [El Salvador] On our best day, we had over 10k off-chain lightning invoices sent to us Posted: 13 Jun 2021 06:37 AM PDT
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| Posted: 12 Jun 2021 10:32 PM PDT
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| An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard Posted: 12 Jun 2021 06:07 PM PDT
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| The World is run by Clowns... buy BTC Posted: 13 Jun 2021 10:22 AM PDT
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| Wow. 10 years ago, Bitcoin crashed from $16 to $.01! Imagine buying Bitcoin at $.01?!!! Posted: 13 Jun 2021 10:15 AM PDT | ||
| Taproot Activation Brings Massive Upgrades To Bitcoin Posted: 13 Jun 2021 08:45 AM PDT
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| FBI stealing safety deposit boxes! This is why I am my own bank. Posted: 13 Jun 2021 06:44 AM PDT | ||
| Posted: 13 Jun 2021 06:10 AM PDT First off, I'm not a Bitcoin maximalist (I am a majority-alist, though). I have a background in computer science and finance. I know I'm not the smartest person in most rooms but I feel like I have the ability to grok stuff like cryptocurrency better than the average person (maybe). That being said, it's taken me 4-5 years to really understand Bitcoin and I feel like I still only understand 50% of it. It's one thing to understand the code, it's another to understand money/currency/assets/inflation/etc. What's my point? I have two points:
Basically, I wanted to vent but also talk myself into a solution to the irritation. (*) Folks against Bitcoin may eventually own it when it becomes the world reserve currency. :) [link] [comments]  | ||
| El Salvador - Bitcoin now legal tender - Does it change the taxation of BTC...? Posted: 13 Jun 2021 04:08 AM PDT So BTC is now a legal tender in the country of El Salvador in Middle America... My question is: Does this somehow change "globally" bitcoin "tax heavens"...? I mean currently there are ways for people to legally NOT pay taxes on their bitcoin sales - they "just" need to change their tax residency (for 183+ days a year) to a country that does NOT tax bitcoin sales - e.g. - Germany (after 1 year of holding), Singapur, United Arab Emirates, Slovenia, Portugal, Belarus and i think few more... The problem is that bitcoin is "just" not taxed in these countries (but is still NOT considered a legal tender in these countries)... You still need to move your tax residency to these countries (that means moving into the country for 183+ days a year and rather moving and staying there like 1 or 2 years) (which is not so easy/convenient ... Does the El Salvador situation somehow change how you can legally pay NO taxes on selling your bitcoin...? Im an European BTW, not an American, so keep that in mind (USA has tougher resitrictions on these things). Can i just go to El Salvador for a "holiday" - few days, sell my bitcoin there for USD or EUR and fly right back to my European country with these USD or EUR (sent them via bank transfer rather) and voilà - i dont have to pay any taxes on my sold bitcoin... Not in El Salvador, not even in my home country (because i sold them in El Salvador, wheres its just "normal money" - legal tender...)... I got the feeling that its still NOT that easy right...? And i would still need to change my TAX RESIDENCY to El Salvador, correct...? If its still not that easy and i would still need to change my tax residency, can someone answer my why...? Its like i would go to El Salvador and in El Salvador i would change my EUR to USD and return to my home country... In this case i would NOT have to pay any taxes on the exchange of EUR to USD, correct...? So why is the situation with BTC different...? From the viewpoint of El Salvador, BTC is money, like USD or EUR etc..? So changing BTC to USD is like chaning EUR to USD...? So why would i have to pay tax in my home country for this operation...(???) Is this because BTC is still considered a TAXABLE "good" (or whatever) in my HOME country...? Is this the catch...? Is this where the problems lies...? [link] [comments]  | ||
| An open letter to Senator Warren Posted: 13 Jun 2021 09:09 AM PDT
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| If I want to “retire” in 5 years, how much Bitcoin should I have now. Posted: 13 Jun 2021 06:58 AM PDT Retire is in quotes because I'm in my mid 30's, so what I'm really talking about is financially independence. I can live on less than $50k a year. I'm looking to replace that, but not live extravagantly. No Lambos. I have other assets like real estate but for the sake of this hypothetical let's assume I don't. How much BTC do I need, and what's my game plan (borrowing against it, etc)? [link] [comments]  | ||
| Posted: 12 Jun 2021 03:46 PM PDT
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| Posted: 12 Jun 2021 11:55 PM PDT
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| Posted: 12 Jun 2021 10:07 PM PDT | ||
| Posted: 12 Jun 2021 11:27 PM PDT Taproot is awesome, but there will be more upgrades to bitcoin in the future. The fact that we can agree on upgrades globally (unlike in 2017) is freakin amazing! [link] [comments]  | ||
| Posted: 13 Jun 2021 05:35 AM PDT
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| Question for BTC nomads: When you travel, where do you keep your private keys? Posted: 13 Jun 2021 10:06 AM PDT On your person? In a safe deposit box or home vault? Memorized in your head? [link] [comments]  | ||
| Posted: 13 Jun 2021 04:47 AM PDT
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| Warren Buffet invests $500mn in a bitcoin friendly bank. Posted: 13 Jun 2021 10:21 AM PDT I am sorry if I am duplicating but I did not see a post talking about this move. Pretty much the title, Warren Buffet's Berkshire Hathaway invested $500mn in a Brazilian Digital Bank Nubank. Nubank is almost as big as the Santander Bank. This could be the first exposure of his money to crypto favouring institutions. Although technology is not his strong suite, only time will tell if NuBank is forced to change its stance on Btc or does Warren. [link] [comments]  |
![[El Salvador] On our best day, we had over 10k off-chain lightning invoices sent to us](https://external-preview.redd.it/Z3Pt2ovytNEfsX3cUD-k5GXx5vTzZZFghWwZpOSIziU.jpg?width=108&crop=smart&auto=webp&s=bb8dabd78d8e83d0af182825e91253e35b57a0f2 "[El Salvador] On our best day, we had over 10k off-chain lightning invoices sent to us")
![[link]](https://i.redd.it/2sw7bd7fyw471.jpg){kind=link}
![[link]](https://i.redd.it/9rslnoumt0571.png){kind=link}
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