Bitcoin Daily Discussion, June 20, 2021 |
- Daily Discussion, June 20, 2021
- Loaning money to banks
- Bitcoin
- This week 20,000 El Salvadorans have been using @Bitcoinbeach wallet and paid a total of 13,879 sats or $4.98 for using lightning
- Buying Bitcoin today is like buying land in the New York City in 1790.
- First time when Vitalik heard and started writing about bitcoin.
- Fell victim to phishing scam. Entire Coinbase account liquidated and transferred to unknown entity. Anything I can do?
- China Bitcoin mining ending are awesome news
- Other miners while China bans Bitcoin mining...
- I grew up with no parents no money but I still put 50% of my paycheck into bitcoin because I believe when we are fucking finally on Mars we won’t use the dollar to buy booze. We will use digital currency. Yeah I’m broke af but I also had nothing growing up.
- Report: Bitcoin Whales Holdings Are Rising As BTC Whales Are Buying The Dip And Not Selling
- Bitcoin ATMs Are Ready to Ship to El Salvador Yesterday, there was a rumor that El Salvador ordered some Bitcoin ATMs. The buzz says that these ATMs are ready to ship to El Salvador. A Twitter account tweeted last night.
- China's mining situation is so bullish
- History of Crypto currencies
- Scammers are sending fake hardware wallets to people whose data was gathered via a third-party data breach. These fake wallets contain hardware designed to steal the user’s crypto.
- Period
- Spain’s BBVA opens Bitcoin trading service to clients in Switzerland
- How do convince someone to keep crypto in a hard wallet?
- The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender
- El Salvador - The Whole Story with Jack Mallers
| Daily Discussion, June 20, 2021 Posted: 19 Jun 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. [link] [comments]  | ||
| Posted: 19 Jun 2021 09:26 PM PDT
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| Posted: 19 Jun 2021 10:43 PM PDT
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| Posted: 19 Jun 2021 12:39 PM PDT
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| Buying Bitcoin today is like buying land in the New York City in 1790. Posted: 19 Jun 2021 09:52 AM PDT It may have seemed like a crazy bet then, but it would have paid off for your grandkids. And while it would have cost more and wouldn't have nearly as much upside, buying the same land in 1890 or 1990 was still a really smart investment. If you disagree with the "digital land grab" thesis, you're basically shorting the success of the internet. Who would seriously bet against the future of the internet? [link] [comments]  | ||
| First time when Vitalik heard and started writing about bitcoin. Posted: 19 Jun 2021 11:06 AM PDT
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| Posted: 19 Jun 2021 06:16 PM PDT A few hours ago, I received this text message: "Coinbase: We have received withdrawal request on your account from unrecognized device. If this was not you, click here: [removed link from Reddit for safety]" I was in the middle of a conversation and was completely not thinking. I clicked the link, everything looked legitimate, and I didn't receive any warning from Google or Safari. I entered my login information. The next steps are blurry, but I then received an email with a link that I clicked, and then provided the 2FA code code from my phone. Like I said, I was totally distracted when going through this and provided all the info. Within minutes, the entirety of my BTC (the only crypto I held) worth about $8500 was sent off to an unknown account. I am horribly upset and embarrassed. I'm posting here to see what my next steps should be. I have contacted Coinbase via email, really wish I could get someone on the phone. I intend to file a police report both locally and with FBI/FTC. Is there anything I can do? I'm going to assume this money is gone and lost but I'm just looking for advice. Thank you. [link] [comments]  | ||
| China Bitcoin mining ending are awesome news Posted: 19 Jun 2021 09:37 PM PDT Moneybadger don't give a fuck. These are fantastic news for Bitcoin:
[link] [comments]  | ||
| Other miners while China bans Bitcoin mining... Posted: 20 Jun 2021 04:01 AM PDT
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| Posted: 20 Jun 2021 01:45 AM PDT | ||
| Report: Bitcoin Whales Holdings Are Rising As BTC Whales Are Buying The Dip And Not Selling Posted: 19 Jun 2021 10:10 AM PDT
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| Posted: 20 Jun 2021 12:48 AM PDT
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| China's mining situation is so bullish Posted: 19 Jun 2021 09:28 PM PDT I know plenty of newcomers in particular are scared right now but it's incredible that roughly half of bitcoin's mining hash comes from China, who in turn are banning it in basically every province, and because miners are location agnostic they can simply move to another country with cheap energy anywhere on Earth. It's a:
Fundamentals are always the most important thing and these outcomes from this latest round of 'China bans bitcoin' news will put so many nagging pieces of FUD to rest in my opinion, finally. The network is enduring yet another major "attack" and shrugging it off like the bulletproof beast that it is. Block by mother fucking block. Time always catches up with bearish price action. Don't sweat it, just keep stacking sats while the gettin' is good and appreciate that bitcoin was meant to weather storms much worse than this even. Viva la bitcoin! [link] [comments]  | ||
| Posted: 20 Jun 2021 04:03 AM PDT
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| Posted: 19 Jun 2021 08:45 PM PDT
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| Posted: 20 Jun 2021 04:18 AM PDT
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| Spain’s BBVA opens Bitcoin trading service to clients in Switzerland Posted: 20 Jun 2021 03:17 AM PDT
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| How do convince someone to keep crypto in a hard wallet? Posted: 20 Jun 2021 01:51 AM PDT I have a friend that is really invested into crypto. She is very enthusiastic about it and I learned a ton about Bitcoin and crypto from her. But then she told me something that scared me: she keeps ALL her Bitcoin in the exchanges rather than a hard wallet. I told her that was a security risk, she could get hacked, the exchange might play dirty with her money in the future, the exchange could disappear. Her response was that I was being paranoid, that her exchanges are safe, and that she is pretty careful anyway so she is certain hackers won't get her. How do you convince people like that? I am worried Murphy's Law will hit her badly and she will lose her funds. [link] [comments]  | ||
| Posted: 19 Jun 2021 11:24 AM PDT The World Bank has refused to support El Salvador's request for help in the transition to use Bitcoin as legal tender. It cited issues with Bitcoin's environmental impact and transparency as reasons why it will not support El Salvador move to adopt Bitcoin as an officially accepted currency . "While the government did approach us for assistance on Bitcoin, this is not something the World Bank can support given the environmental and transparency shortcomings, " a World Bank spokesperson said. The World Bank did note however that it can help El Salvador in other ways, including "currency transparency and regulatory processes." Earlier on Wednesday, Salvadoran Finance Minister Alejandro Zelaya said the Central America country had sought technical assistance from Banco Mundial (the World Bank). Prominent Bitcoiners weren't pleased with the World Bank's refusal, but nor were they particularly surprised. Bitcoin proponent Anthony Pompliano tweeted in response to the news that the "World Bank hasn't figured out how to make money off Bitcoin." Samson Mow the CSO of blockchain development firm Blockstream, and creator of blockchain game Infinite Fleet, was irritated by the news — and called for The World Bank to be made obsolete. While President Nayib Bukele's Bitcoin law has sparked a lot of excitement from Bitcoin proponents across the globe, it has also received a lot of criticism. Yesterday, economist Steve Hanke said that El Salvador using Bitcoin as a legal tender may "completely collapse the economy." The International Monetary Fund (IMF) is also not keen on El Salvador's embrace of Bitcoin. Cointelegraph reported on June 11 that it may hamper negotiations with the IMF over a $1B loan to support the country's economy. IMF spokesman Gerry Rice noted the adoption of Bitcoin presents a number of financial, legal and macroeconomic concerns that require a "very careful analysis"But some companies are rushing to help. Athena Bitcoin indicated it would move quickly to provide Bitcoin ATMs across El Salvador. On Twitter today, the firm asked Bukele if "1000 ATMs " were enough, with the President replying in jest "1,000? How about 1,500?" Yesterday, El Salvador's Minister of Labor and Social Welfare Rolando Castro denied claims that ministry had begun discussing the option to use Bitcoin for employee salary payments, noting that it was "too premature to talk about wages." [link] [comments]  | ||
| El Salvador - The Whole Story with Jack Mallers Posted: 19 Jun 2021 08:56 PM PDT
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