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    Bitcoin Daily Discussion, June 25, 2021

    June 25, 2021

    Bitcoin Daily Discussion, June 25, 2021

    Daily Discussion, June 25, 2021

    Posted: 24 Jun 2021 10:06 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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    Instantly paying your electric bill in a poor village of El Salvador

    Posted: 24 Jun 2021 12:12 PM PDT

    The real SATOSHI NAKAMOTO identity

    Posted: 25 Jun 2021 01:58 AM PDT

    Sa(msung)

    Toshi(ba)

    Naka(michi)

    Moto(rola)

    satoshi nakamoto... only the four biggest tech corporations. That's it ladies and gentlemen. I'm out.

    put tinfoil hat and walk away

    submitted by /u/tony0295
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    El Salvador update on BTC

    Posted: 24 Jun 2021 10:07 PM PDT

    President Bukele just announced that he is implementing a national wallet in September called "chivo" (means cool in Salvadoran slang)

    The government is giving 30 usd to anyone that creates an account, by law you will have to accept BTC as a company... but the wallet let's you convert the BTC to usd immediately.

    He mentioned there will be two types of wallets... one for the people and one for companies.

    Apparently the wallet also is compatible with other Bitcoin wallets...

    You will be able to pay taxes with BTC... except you won't need to pay taxes for the BTC you hold.

    Foreigners who come to invest in crypto in El Salvador will be granted permanent residency and will not have to pay taxes for the crypto they invest in.

    submitted by /u/ifeelanime
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    I bought my first Bitcoin today

    Posted: 25 Jun 2021 04:16 AM PDT

    Actually half a coin. I'm a bit nervous buying in a bear market etc. Did I make the right choice?

    I have no plans to sell in the next few years

    I'm just looking for validation and saying Hi.

    Edit: *Please don't DM me about "quick money crypto investments" I didn't come down in the last shower!*

    submitted by /u/Yipikaye-
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    President @nayibbukele is pledging to give $30 in #Bitcoin to every El Salvadoran.

    Posted: 24 Jun 2021 09:43 PM PDT

    Creating Inevitable

    Posted: 24 Jun 2021 06:12 AM PDT

    Breaking: Paraguay announces a bill to make Bitcoin legal tender. Now only 193 countries left.

    Posted: 24 Jun 2021 10:07 AM PDT

    Bitcoin to become legal tender in El Salvador on Sept 7

    Posted: 24 Jun 2021 07:30 PM PDT

    Sometimes I’m sad..

    Posted: 24 Jun 2021 10:45 PM PDT

    But then I remember I own Bitcoin...

    submitted by /u/witnessgreatness101
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    Athena Will Install 1500 Bitcoin ATM Stands In El-Salvador

    Posted: 25 Jun 2021 01:31 AM PDT

    "Jack Ballers of Strike" Lands Heavy Blows For Bitcoin & El Salvador on Fox News - June 24 2021

    Posted: 24 Jun 2021 01:25 PM PDT

    Bitcoin moves back into the Top 10 assets by market cap right after the U.S. announces another $1 trillion stimulus package

    Posted: 24 Jun 2021 10:23 AM PDT

    It’s times like this….that I sit back and laugh it off.. I honestly think it’s hilarious that great news comes out about El Salvador making Bitcoin legal tender stating Sept. 7th… and shortly after I see FUD articles trying to flood the good news out ��

    Posted: 24 Jun 2021 09:52 PM PDT

    The China ban on Bitcoin mining is old news already but yet I still see FUD as if it's going to make a difference. This is good for us in the mid to long term anyhow.. and with the way Bitcoin operates..it could be well worth it in the short term as well. Remember folks….21 million bitcoins….can't increase past that.

    Those that speak bad of Bitcoin and spread FUD are just praying the price goes down so they can buy a actual coin.

    Let's bring on Friday!!

    submitted by /u/JDUB909
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    El Salvador declare BTC Law to be effective in September, Govt. welcomes E-Wallet. President Bukele promised that as a State, he will “ensure” a better connection throughout the country.

    Posted: 25 Jun 2021 02:53 AM PDT

    This is the difference that #Bitcoin on lightning makes in the developing world. Waiting up to 3 hours to pay bills is taken down to just a few minutes. Credit: @VICE @motherboard

    Posted: 24 Jun 2021 08:27 PM PDT

    Nothing will ‘stop’ Bitcoin in El Salvador, says President after IMF, World Bank criticism

    Posted: 24 Jun 2021 08:08 PM PDT

    China's exit from Bitcoin opens the door for the Western societies to re-establish their position once more at the top of the next 21st century financial market.

    Posted: 24 Jun 2021 08:42 AM PDT

    I think this move by China can only be a positive for the Western Nations that want to negate or challenge China's Rising economic power.

    submitted by /u/MGTOW_and_Bitcoin
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    Paraguay in a race for second place to make Bitcoin official currency

    Posted: 24 Jun 2021 09:46 AM PDT

    Eric Adams, the Democratic mayoral candidate in New York City, stated he would transform the city into a Bitcoin hub within a year, competing with Miami for the title of US crypto epicenter.

    Posted: 24 Jun 2021 05:34 AM PDT

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

    Posted: 25 Jun 2021 05:19 AM PDT

    Sign the Petition - to get the US to adopt Bitcoin as legal tender.

    Posted: 24 Jun 2021 12:03 PM PDT

    Received free Sats from Cashapp. Time to give it away on Lightning.

    Posted: 24 Jun 2021 02:22 PM PDT

    (Edit: going to sleep. Will send more Sats in the morning. Just leave your Ln address from Wallet of Satoshi and if someone else doesn't get to it I will.)

    I will help you onto lightning by giving away bitcoin. Seriously. (I stole this idea and post from someone else)

    Lightning Network gets a lot of fud even here in this sub. I suspect a lot of you guys haven't yet actually tried it. It really is a lot easier than i think most people expect, and here is me trying to prove it.

    HERE'S the plan: -Go download Wallet of satoshi. This is a really really easy lightning Wallet. It IS custodial, but ignore that for now

    -post your adress/qr here. I will send you 300 sats as soon as I can. I will answer you when i do, and if I don't get to tired I'll post how many Sats it cost to send. IF someone else wants to join me, just send sats, and answer the post in the same way.

    -when you recieve the sats, congratz! You have bitcoin in the lightning Network. Find a friend, pay it forward.

    -Should you choose to explore this further, go download breez Wallet. You now have a non-custodial Wallet, and you can create an invoice (recieve via invoice) for yourself and pay from Wallet of satoshi and my sats. No risk, its someone elses money. You have now made your first transaction and are probably starting to Get it.

    -With the sats well placed in breez, go to the apps-section from the top left corner. Pick the lightning roulette app, fund with 20(!) sats (press «open in Wallet»), and gamble HALF of your deposit. Then go to the menu and press «withdraw using webln», and watch your remaining sats return to your breez balance. How cool is that?

    -now: IF you want to experiment with moving YOUR coin onto breez, you have to make an on-chain transaction(recieve via btc adress) but breez assumes that you want any bitcoin on the lightning Network, and any recieved coin wil be on lightning. There are fees.

    (Edit: going to sleep. Will send more Sats in the morning. Just leave your Ln address from Wallet of Satoshi and if someone else doesn't get to it I will.)

    submitted by /u/Eislemike
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    Very interesting data on CO2 emissions coming from China.

    Posted: 24 Jun 2021 10:09 AM PDT

    Bitcoin is not a crime. Denying citizens the civil liberty and human right of peacefully owning and transacting in it is the real crime.

    Posted: 24 Jun 2021 05:27 AM PDT

    China has told banks and payments platforms to stop supporting digital currency transactions.

    Their central bank said it had recently summoned several major banks and payments companies to call on them to take tougher action over the trading of cryptocurrencies.

    Banks were told to not provide products or services such as trading, clearing and settlement for cryptocurrency transactions.

    Authorities have ordered the closure of 26 mines last week.

    Last month China's cabinet, the State Council, said it would crack down on cryptocurrency mining and trading as part of a campaign to control financial risks.

    The day will come when a united crypto community will publicly and peacefully stand against government's trying to restrict/block it's citizens from transacting in peaceful cryptographic code on decentralised and open networks.

    When that day comes, I for one will be more than willing to take my place on the frontline.

    submitted by /u/jam-hay
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    a very strange text file

    Posted: 25 Jun 2021 05:13 AM PDT

    Hello, I'm assuming this sub is the best place for this, if not please let me know.

    Like many of thousands of people, I had some BTC from a wallet back in 2013 that I have long forgotten the password to.

    I used blockchain.info as a custodial wallet and used to get a wallet.aes.json backup file whenever the password was changed. Cracking one of these is going to be my final resort.

    I decided to go through an old hard drive to find any sign of a mnemonic, or a private key.

    I found a key of some sort in a text file that I clearly pasted, but it doesn't seem to be a private key, which is what I was hoping for...
    It contains upper and lowercase characters, numbers and a slash. It's last character is an asterisk *. It is 88 characters long, if you delete everything after the slash (and the slash itself) its 81 characters, but I'm not sure that's important. I tried base64 decryption and got some more alphanumeric characters separated by dots, still nothing legible. Any ideas what to do next?

    submitted by /u/bloqs
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