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    Bitcoin Daily Discussion, June 23, 2021

    Bitcoin Daily Discussion, June 23, 2021


    Daily Discussion, June 23, 2021

    Posted: 22 Jun 2021 10:10 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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    Bitcoin Optech Newsletter #154

    Posted: 23 Jun 2021 05:09 AM PDT

    Sneak peek of the volcano powered Bitcoin mine in El Salvador

    Posted: 23 Jun 2021 03:37 AM PDT

    John McAffe found dead in prison

    Posted: 23 Jun 2021 12:24 PM PDT

    Paraguay announces a bill that would make Bitcoin legal tender and also to encourage mining (with renewable energy sources).

    Posted: 23 Jun 2021 09:29 AM PDT

    El Salvador President: This is a Bitcoin Law and No Altcoin Will be Made Legal Tender

    Posted: 23 Jun 2021 05:46 AM PDT

    Bitcoin succeeds because it proves its inability to change. It just exists whether you like it or not and you can't control it or change the rules to your liking. This is how Bitcoin won the blocksize war from 2015 - 2017.

    Posted: 23 Jun 2021 07:16 AM PDT

    Just paid for my tab where I was staying with Bitcoin

    Posted: 23 Jun 2021 07:31 AM PDT

    I'm currently traveling in Colombia from the U.S. and my bank blocked my cards for the entire trip. I could not pay my week-long tab for food and drinks when I was checking out.

    Then.....the owner walks up and said I could pay in Bitcoin! The transaction took seconds to hit his wallet.

    Bitcoin is the future as banks are failing us. Controlling our assets and not even giving us access to our money when we need it.

    But with Bitcoin, I was able to pay a merchant with ease, without permission from anyone.

    The future is here. A place where more are picking up on Bitcoins value. As more than a moneymaker, but a way to pay for the things we need.

    No one can stop Bitcoin, it truly is the future.

    submitted by /u/Chrisjstevens
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    When Bitcoin Price Reached $65K, You Were Waiting for an Opportunity To Buy. The Opportunity Is Now. It is up to you to seize it.

    Posted: 23 Jun 2021 11:57 AM PDT

    The Republic Of The Saviour Takes The Mantle As The Republic Of Digital Gold As El Salvador Crowns Bitcoin As Its Legal Tender

    Posted: 23 Jun 2021 10:28 AM PDT

    RIP John McAfee

    Posted: 23 Jun 2021 01:02 PM PDT

    El Salvador President has a better grasp of Bitcoin than 99% of Bitcoiners

    Posted: 23 Jun 2021 12:18 PM PDT

    Excerpts from Nayib Bukele's Interview with McCormack

    (When he first came across Bitcoin) I thought it was very smart. But a lot of good ideas just vanish. Bitcoin just keeps growing and growing, not only in price.

    Measuring Bitcoin against dollars kind of defeats the point of Bitcoin. (1 BTC = 1 BTC)

    At the beginning, I thought Bitcoin was beautiful and now I'm even more convinced about it since it has withstood the pressure of time and changes in global political landscapes, social media exploding... you have all these changes but Bitcoin has not only persisted but its impact keeps growing.

    It is not just a very good idea anymore. At the beginning it was interesting. Now it's a reality.

    Of course, classical economists don't like it. It's not that they don't understand but they don't want to understand it. It would mean all of their preconceptions, their theses, their works, their books would be meaningless because they were wrong.

    Imagine someone who has been attacking Bitcoin for over a decade and now to see it succeed would be very hard for them.

    (About World Bank not helping) We don't need them. Way before we announced our plan to make Bitcoin legal tender, we have had amazing talent from overseas working tirelessly to make this happen. They are not here for money, but idealists who want to make a difference, to make the lives of the people better who need it most.

    (About IMF concern) We adopted the dollar in 2001. This is no different. The only difference is we adopted the dollar for the benefit of our banks. This is for the benefit of our people.

    submitted by /u/xcryptogurux
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    The future is looking bright for BITCOIN��

    Posted: 23 Jun 2021 09:28 AM PDT

    Chinas deconstruction of BTC mining, is IMO hugely bullish for the future of BTC. Why? Accusations of centralising mining, 65% of hash rate produced in China, are removed, and also FUD associated with the possibility of BTC been at risk from state attacks are removed as hash rate production will be distributed through several geographic locations👍

    submitted by /u/jamsmash2020
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    Only July 1st, theoretical inflow potential for crypto assets in the order of EUR 350bln could arrive thanks to a new law in Germany permitting Spezialfonds to invest up to 20 % of their portfolios into crypto assets like Bitcoin

    Posted: 23 Jun 2021 06:50 AM PDT

    https://www.mondaq.com/germany/fin-tech/1069926/germany-introduces-a-new-law-that-allows-funds-to-invest-into-crypto-assets

    When the new Fund Location Act (Fondsstandortgesetz) comes into effect on 1 July 2021, domestic special funds (Spezialfonds) in Germany will be permitted to invest up to 20 % of their portfolios into crypto assets like Bitcoin. The addition of crypto assets in special funds is an important next step towards legitimising crypto assets as an asset class. This new law will undoubtedly boost Germany's position as a financial investment hub. The market has already seen billions enter the crypto space form institutional investors over the last year. Market experts already expect that the new regulation will unleash significant investments into the crypto markets. Sven Hildebrandt, CEO of Germany-based Distributed Ledger Consulting (DLC), sees a theoretical inflow potential for crypto assets in the order of EUR 350bln. That would be around one-fifth of the assets of around EUR 1.87 trillion currently tied up in approximately 4,000 open-end domestic special funds. The question remains: who is next?

    submitted by /u/PSSD1989
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    Founders of South African Bitcoin exchange disappear after $3.6 billion 'hack'

    Posted: 23 Jun 2021 01:10 PM PDT

    From China to the West, the Great Bitcoin Mining Exodus Has Started. And That’s Bullish for Bitcoin. America will be the big winner in this ban by China.

    Posted: 23 Jun 2021 01:49 AM PDT

    Warren Buffet Backed Bank Launches First Bitcoin ETF In Latin America

    Posted: 23 Jun 2021 10:05 AM PDT

    Interview with President Nayib Bukele. Why El Salvador Made Bitcoin Legal Tender.

    Posted: 23 Jun 2021 08:40 AM PDT

    Brazil Stock Exchange Lists First Bitcoin ETF in Latin America

    Posted: 23 Jun 2021 02:29 PM PDT

    This is so sad...

    Posted: 23 Jun 2021 01:04 AM PDT

    Broke up with my 6 year girlfriend, because she was abusing me mentally. The sad thing is that i had to sell some btc to cover up moving out, rent, bills etc. I just wanted to buy more, not sell. Time to start independent chapter in my life. Fuck selfish women and fuck banks 😂

    which actually gives me more money to invest in long run. Time to start new independent chapter in my life.

    submitted by /u/Holiday_Pop_6565
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    Hedge against the price of wood

    Posted: 22 Jun 2021 07:17 PM PDT

    Why Bitcoin is more than an Investment - The Humanitarian Case For Bitcoin

    Posted: 23 Jun 2021 08:58 AM PDT

    Why El Salvador Made Bitcoin Legal Tender with President Nayib Bukele — What Bitcoin Did

    Posted: 23 Jun 2021 01:38 AM PDT

    In total $1B was liquidated for the last 24 hrs!

    Posted: 23 Jun 2021 07:21 AM PDT

    In total $1B was liquidated for the last 24 hrs!

    The largest single liquidation order was $5.4 M $BTC

    Amount of liquidation by exchanges!

    Bybit>Huobi>OKEx>Binance>FTX>Bitmex

    https://preview.redd.it/p8x19383y0771.png?width=766&format=png&auto=webp&s=b10ca364b6b87f79bafbe9a7da6a1ecdb6169d30

    submitted by /u/Dogemomo
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    Senator Lummis bought Bitcoin into the dip

    Posted: 22 Jun 2021 11:23 PM PDT

    7 years ago a redditor sent another 0.11 btc to help test out a wallet. That's equivalent to $3,659.00 today.

    Posted: 23 Jun 2021 02:00 PM PDT

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