Bitcoin Daily Discussion, June 26, 2021 |
- Daily Discussion, June 26, 2021
- Buying a coffee in El Salvador with Bitcoin.
- The President of El Salvador just explained how Bitcoin works to his entire nation via a powerpoint.
- El Salvador is handing out up to $117 million in Bitcoin to its citizens
- The Hashrate of Bitcoin Is Slowly Rising
- El Salvador is giving away free Bitcoin to its citizens
- If you’re wondering wether people were trying to cope with dropping prices by saying “this is a really good buying opportunity” etc during previous market crashes like they are now… They were
- So, if the Bitcoin Bull Run is not yet over...
- Bitcoin continues to be a good investment says Michael Saylor
- "In 4 years, people will be kicking themselves for selling at $3,000 instead of HODL-ing for the new price of $30,000."
- Full video with English translation: "President Bukele of El Salvador Addresses The Nation on Bitcoin" (Rebroadcast in English - 6/24/2021)
- If Bitcoin was legal tender in your country would you actually spend it rather than fiat?
- El Salvador: Don't FUD and take stupid conclusions
- BTC Shorts are up 900% today. Lets discuss.
- I'm so proud of my country El Salvador
- "El Salvador" literally means "The Saviour". How apt.
- What's your Bitcoin "elevator pitch"? Like if you only had a 30 seconds to get someone on board?
- Michael Saylor Gives Insight on The Bitcoin Market, China, Green Mining & MicroStrategy - June 25th 2021
- Major business firm Christie's Accepts Bitcoin for Painting value calculable $6 Million
- People just keep posting Bitcoin misinformation and FUD in other subs and they are rapidly upvoted.
- So sad. I just witnessed an old man put $1500 in a Bitcoin atm machine saying “a guy from Washington DC called me” and “said I need to pay $3,500 in Bitcoin or else I risk going to jail.” Good thing the atm maxed out at $1,500, I just informed him he was scammed..
- Why Bitcoin Is the Greatest Monetary Network the Human Race Ever Invented (1-minute audio clip from Michael Saylor)
- How did you get 'Orange Pilled'?
- Isn't it a security risk for Bitcoin account safety that Samsung Galaxy phones' clipboard "history" is not easy to disable?
- Can someone explain how difficulty is adjusted
| Daily Discussion, June 26, 2021 Posted: 25 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. [link] [comments]  | ||
| Buying a coffee in El Salvador with Bitcoin. Posted: 26 Jun 2021 05:41 AM PDT
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| The President of El Salvador just explained how Bitcoin works to his entire nation via a powerpoint. Posted: 25 Jun 2021 11:01 AM PDT
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| El Salvador is handing out up to $117 million in Bitcoin to its citizens Posted: 26 Jun 2021 01:20 AM PDT
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| The Hashrate of Bitcoin Is Slowly Rising Posted: 26 Jun 2021 02:29 AM PDT
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| El Salvador is giving away free Bitcoin to its citizens Posted: 26 Jun 2021 03:55 AM PDT
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| Posted: 25 Jun 2021 10:16 PM PDT | ||
| So, if the Bitcoin Bull Run is not yet over... Posted: 26 Jun 2021 05:40 AM PDT The Bulls will still need to price-in... Country/ies making BTC legal tender. (This was not expected in this run) New billionaires .purchasing BTC. Taproot. China losing control on mining supremacy. Inflation and Dollar printing. I do not think that we have those mouth-watering fundamental goods waiting for the bulls to price-it-in during the mid-year crash, in the last bull run editions. If you utilize risk-and-reward ratio and you still have buying power, the ratio is quite obvious. It is heavily leaning towards reward. [link] [comments]  | ||
| Bitcoin continues to be a good investment says Michael Saylor Posted: 26 Jun 2021 04:16 AM PDT
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| Posted: 25 Jun 2021 07:03 AM PDT | ||
| Posted: 25 Jun 2021 11:03 PM PDT
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| If Bitcoin was legal tender in your country would you actually spend it rather than fiat? Posted: 25 Jun 2021 09:31 PM PDT Given that the majority of us believe that Bitcoin will increase in value over time, would u want to spend it rather than hodl and let it appreciate. Example: Let's say I purchased a car for 1 bitcoin today but next week the value of Bitcoin has doubled meaning I was probably better off using fiat. Thoughts? [link] [comments]  | ||
| El Salvador: Don't FUD and take stupid conclusions Posted: 26 Jun 2021 06:48 AM PDT I just saw there is a ton of negative comments and FUD around the recent video of the president of Salvador talking about bitcoin. Please, first think, educate and then talk. 1. He said instant transactions and no fees Yes, he said that. He talks about the wallet (Chivo) they are ruling out at September. If you use their app (as salvatorian) you will get 0 fees and 0 waiting time. 2. But it's not decentralized You are not forced to use their app, it's optional. The benefits of using their app as Salvatorian:
Cons
Obviously they need to kyc people that want to exchange btc to usd throught their app. Nobody wants a drug dealer or a child abuser to change money in their app. You can freely use any wallet you prefer, nor mandatory to use their app. Take it as a bank. They offer their bank (Chivo) with lot of benefits and some cons, but you can also have your preferred bank (coinbase...) or have your btc in your pocket (hardware wallet, cold wallet...). El Salvador is doing a great thing for Bitcoin. Obviously isn't a perfect way, but they can't (and don't want) just educate and promote the masses to use their own hardware wallet or cold wallet, or decentralized, because of:
If you build a business, you want to somehow have a control of your employers (so they can't steal your money), the same applies to the countries. [link] [comments]  | ||
| BTC Shorts are up 900% today. Lets discuss. Posted: 25 Jun 2021 08:13 AM PDT BTC Shorts on bitfinex streted to rise today at 9:00 steadily till now, and are up 900% today (https://www.tradingview.com/symbols/BTCUSDSHORTS/). BTC is steadily decreasing in price - not saying that only because of that, but it sure helps driving the price down by creating a huge sell pressure. I am not big fan of conspiracy theories and WSB blame-the-short-sellers game, but it sure looks suspicious. If you look at that shorts charts on bitfinex, they always seem to rise immensely in a single day. I suggest looking at BTC shorts for any BTC holder that wants to buy/sell. If anyone has good theories on why these shorts behave this way - let's discuss it, as I would be very interested. An obvious explanation is coordinated selling pressure by large institutional players. Edit: Over 1000% now. Noice [link] [comments]  | ||
| I'm so proud of my country El Salvador Posted: 25 Jun 2021 12:43 PM PDT I moved from El Salvador to the U.S when I was 14 years old (I'm 23 now), looking for better future. I look back and I wanna cry so bad for all the good that is coming to El Salvador. My country, my people have suffered enough with all the corrupt government, gangs, and violence. Now that we have an amazing President Nayib Bukele and the good news about bitcoin we can finally see a good future for El Salvador, if you guys can only imagine how happy I'm. I own a little bit of bitcoin, and hopefully I can go visit to El Salvador in December to see my family and spend a little bit of bitcoin there. :') [link] [comments]  | ||
| "El Salvador" literally means "The Saviour". How apt. Posted: 26 Jun 2021 06:13 AM PDT
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| What's your Bitcoin "elevator pitch"? Like if you only had a 30 seconds to get someone on board? Posted: 26 Jun 2021 07:12 AM PDT Here's mine: 1) Fully decentralized. Nobody controls it. No one can change the protocol without consensus from thousands of independent auditors around the world. 2) Unparalleled security. Wallets are unhackable. The blockchain is immutable. You can safely move a billion dollars for a nominal fee. 3) Hard capped money supply. There will never be more than 21M bitcoins (realistically less), and the rate of new supply decreases over time. Decentralized, bombproof, digital scarcity. Come get some. [link] [comments]  | ||
| Posted: 25 Jun 2021 05:48 PM PDT
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| Major business firm Christie's Accepts Bitcoin for Painting value calculable $6 Million Posted: 26 Jun 2021 04:05 AM PDT British business firm Christie's can settle for bitcoin Associate in Nursingd ether for a painting value a calculable $6 million. The digital billfold wont to get the painting should be controlled at one among the approved custodians, like Coinbase, Fidelity, Gemini, or Paxos. Paying for Paintings With Bitcoin at Christie's Christie's, one of the most important auction homes within the world, can settle for cryptocurrency for a painting by Keith Haring at its "20th/21st-century" sale in London next week. Katharine Arnold, co-head of post-war and up to date art for Christie's in Europe, told Reuters that the painting "is most likely the initial example that we tend to see of Associate in Nursing creator celebrating the pc." She elaborated: "It was 1984 that Apple Macintosh was initially launched. therefore it's a bit of history." Arnold added: "So the potential for paying in cryptocurrency for the total hammer worth and buyer's premium was one thing that felt like this was an ideal wedding." The painting has Associate in Nursing calculable worth of three.9 million pounds – four.5 million pounds ($5.42 million – $6.25 million). Two cryptocurrencies are accepted. "Payment in ether or bitcoin should be created via a digital billfold transfer of that currency to Christie's," the auction house's website describes, noting that partial payments from multiple digital wallets won't be allowed. However, the digital billfold used should be controlled with one among the subsequent custodians: Coinbase Custody Trust, Coinbase, Fidelity Digital Assets Services, Gemini financial organization, Gemini Europe Ltd., Gemini Europe Services Ltd., Paxos financial organization, Digivault Ltd., Ziglu Ltd., or Archax Ltd. Christie's emphasized: "Only payments sent from digital wallets maintained at these platforms are attributable towards this ton purchase, and that we won't recognise payments from digital wallets hosted at alternative exchanges or self-hosted wallets." What does one trust Christie's acceptive bitcoin? Let ME understand within the comments section below. [link] [comments]  | ||
| People just keep posting Bitcoin misinformation and FUD in other subs and they are rapidly upvoted. Posted: 25 Jun 2021 11:46 PM PDT | ||
| Posted: 25 Jun 2021 11:26 AM PDT | ||
| Posted: 26 Jun 2021 05:05 AM PDT | ||
| How did you get 'Orange Pilled'? Posted: 26 Jun 2021 03:25 AM PDT None of us were born believing in or supporting Bitcoin, so who or what got you into it? I was essentially FOMOed into it by Twitter, but what made me a true believer after investing was a mix of different creators: Dan Held, Anthony Pompliano, Michael Saylor, Andreas Antonopolous, some posts on this subreddit, and a now-retired(?) member named /u/daymonhandz, who helped me a lot via PM explaining things. I talked about Bitcoin a fair bit to my friend, but he never really got 'orange pilled' and always had some weak counterargument until he heard Anthony Pompliano in some podcast that he listens to, and pretty much right away he was orange pilled and started DCAing. How about you? Have you ever orange-pilled anyone else? [link] [comments]  | ||
| Posted: 26 Jun 2021 03:58 AM PDT When you use default Samsung keyboard app, it logs your recent 20+ copied items. There is no easy way to disable it. Switching to Gboard keyboard (Google's app) and deactivating clipboard history there doesn't prevent Samsung to continue to log your history. See screenshot below (Switch to "Samsung keyboard" in settings if you dont use it currently, then long press to insert a text anywhere and hit "clipboard" to see your sensitive info or naughty past!) Not giving user an option to switch history off is a very questionable practice from Samsung, in my opinion. [link] [comments]  | ||
| Can someone explain how difficulty is adjusted Posted: 26 Jun 2021 05:12 AM PDT Looking on blockchain.com it appears the hash rate has massively dropped recently this may be due to China banning mining, overall this will be good for the network, however difficulty has yet to drop as much I understand this is adjusted every two weeks but how exactly is this calculated? [link] [comments]  |
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