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    Thursday, June 17, 2021

    Bitcoin ⚡ Lightning Thursday! June 17, 2021: Explore the Lightning Network!⚡

    Bitcoin ⚡ Lightning Thursday! June 17, 2021: Explore the Lightning Network!⚡


    ⚡ Lightning Thursday! June 17, 2021: Explore the Lightning Network!⚡

    Posted: 16 Jun 2021 11:12 PM PDT

    The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

    Here is the place to discuss and learn more about lightning!

    Ask your questions about lightning

    Provide reviews, feedback, comparisons of LN apps, services, websites etc

    Learn about new LN features, development, apps

    Link to good quality resources (articles, wikis etc)

    Resources:

    submitted by /u/rBitcoinMod
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    Daily Discussion, June 17, 2021

    Posted: 16 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.

    submitted by /u/rBitcoinMod
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    I put my entire savings 20,000$ into Bitcoin. With the intent to hold my savings in Bitcoin instead of fiat.

    Posted: 16 Jun 2021 09:13 PM PDT

    I've pulled the trigger, after thinking over it for a few weeks.

    I'm a software engineer who has spent the last 6 months developing payment processing services for Bitcoin and other crypto assets. I've had the pleasure of exploring and learning about how blockchain works, how transactions work, and its security at a deep level. Most importantly I've learned about just how much utility Bitcoin has to offer.

    As I hear about more services, companies, and now countries are adopting Bitcoin, it's very clear that it's here to stay. But most importantly it's already started to begin reaching the "soccer mom" audience. People "use" Bitcoin, not just as an investment, or a get rich quick scheme. They use it to barter, pay bills, trade, and as a means of exchange for goods and services.

    I don't just see Bitcoin as a chart in an app. I don't see Bitcoin as something you buy with USD. I see Bitcoin as Bitcoin. It's a currency in its own right, with value dictinct from USD and others. And given a decade, or two. I see it as the global currency for the future of all transactions.

    Thanks for hearing my points.

    submitted by /u/Recolance
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    Bitcoin is Math

    Posted: 17 Jun 2021 02:48 AM PDT

    Bitcoin empowers people. Real people.

    Posted: 16 Jun 2021 09:13 AM PDT

    According the Stock-to-Flow Model, Bitcoin (BTC) is the most undervalued asset in the last ten years.

    Posted: 17 Jun 2021 06:39 AM PDT

    The advisor to the President of Colombia is running a Lightning node.

    Posted: 17 Jun 2021 12:14 AM PDT

    Make it a celebration: Today Bitcoin has officialy died 420 times.

    Posted: 16 Jun 2021 07:19 PM PDT

    "Politicians from Argentina ����, Brazil ����, Panama ����, Paraguay ����, Uruguay ����, Honduras ����, and Tonga ���� all tweeted desire to pass #Bitcoin Bills similar to El Salvador ���� in their home countries, and Lightning is the technology that will power it all."

    Posted: 16 Jun 2021 12:38 PM PDT

    It sure didn't take long for shitcoin scammers and grifters to inject themselves into El Salvador bitcoin adoption. Where did this clown come from

    Posted: 17 Jun 2021 12:14 AM PDT

    World Bank Won't Help El Salvador Develop Its Bitcoin Project

    Posted: 17 Jun 2021 05:18 AM PDT

    My bank called me today to tell me they "don't support their clients buying Bitcoin"

    Posted: 16 Jun 2021 09:06 AM PDT

    It still feels so surreal to me. What do they care what I do with my money?

    Obviously the clerk couldn't tell me what would happen, if I kept using my bank account to shop on Binance. I also assume someone higher up the chain saw the danger DeFi poses for the banking system.

    Honestly, fuck 'em. I'm still so irritated by the call, but it proves once again why we need Bitcoin. Sunk the rest of my fiat into Crypto right after the call ended.

    Anyone else with similar experience? I'm from Europe, btw.

    Edit: Thought I'd do everyone a favor:

    You can check how crypto friendly your bank is by accessing https://moonbanking.com/

    Please stay safe and don't click any links in the comments. Also, for privacy reasons, I won't name my bank, since that would narrow it down drastically.

    As usual, this community is amazing! Great to be in so early and hodl with you!

    submitted by /u/Holstynator
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    Powell Admits Inflation Could Be Higher Than Expected, Making Case For Bitcoin

    Posted: 17 Jun 2021 07:11 AM PDT

    General Motors Might Accept Bitcoin

    Posted: 16 Jun 2021 10:09 PM PDT

    Chinese Economist Reveals We’re All Going To Die — Bitcoin Lets Us To Make the Most of Our Lives. Bitcoin won’t change the purpose of life, but it will greatly improve your life.

    Posted: 17 Jun 2021 03:08 AM PDT

    Check whether your bank is Crypto friendly or Crypto foe...

    Posted: 17 Jun 2021 12:27 AM PDT

    Just a quick one..

    Been banking with my bank for many years. Thanks to another redditor ( u/Holstynator ), I used the below service to check what their stance was on crypto.

    I then mystery shopped them anonymously and asked what their policy on crypto was. Their response was a resounding "No and we'd close your account immediately" so I guess I'll be closing said account/s tomorrow and shopping for a more crypto friendly institution.

    Can I suggest you make a quick anonymous call to your current bank and ask them what their official policy is... You may be unpleasantly surprised however at least you'll know in advance and won't have your account frozen and closed when you start taking profits...

    https://moonbanking.com/

    submitted by /u/Humphrey-B-Bear
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    World Bank rejects El Salvador request for Bitcoin help

    Posted: 16 Jun 2021 10:10 PM PDT

    The carbon footprint of Bitcoin is only 2% (and shrinking) compared to the size of the military-industrial complex’s CO2 emissions.

    Posted: 16 Jun 2021 08:15 AM PDT

    World Bank dodge El Salvador Bitcoin adoption plan. The International Monetary Fund highlighted the cryptocurrency’s lack of transparency as well as the environmental risks connected with bitcoin mining as factors for its rejection.

    Posted: 17 Jun 2021 02:17 AM PDT

    FCA research hailed as a ‘Bitcoin going mainstream’ moment

    Posted: 17 Jun 2021 05:27 AM PDT

    The SEC is asking us for comments on the Bitcoin ETF

    Posted: 16 Jun 2021 02:05 PM PDT

    I hope all of you submit a comment. They're asking for opinions.

    Let's all use good grammar, put some thought into it and be nice. Let's represent the Bitcoin community well.

    Here is the link: https://www.sec.gov/comments/sr-cboebzx-2021-019/srcboebzx2021019.htm

    submitted by /u/fraqaq
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    Bitcoin (BTC) Lightning Network Capacity Increases Rapidly – AronBoss

    Posted: 17 Jun 2021 07:38 AM PDT

    Commonwealth Bank, ANZ, Westpac, RBA and others hit by internet outage, finger pointed at network provider Akamai

    Posted: 17 Jun 2021 05:45 AM PDT

    A whole bunch of banks networks are down, due to an network outage with the system Akami

    https://www.abc.net.au/news/2021-06-17/banks-experiencing-outages-internet-banking-app/100223900

    Not only are their products outdated but their systems are rubbish too!

    submitted by /u/Herosinahalfshell12
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    Crypto awareness is increasing, but understanding is declining

    Posted: 17 Jun 2021 07:51 AM PDT

    The United Kingdom Financial Conduct Authority had an interesting survey recently. According to the results, it is possible to say that the number of people who know about cryptocurrency and hold it is increasing. However, among people who have knowledge about crypto the most heard about bitcoin and are unable to identify other cryptos. At the same time there is a decline in understanding cryptocurrency. So some people heard about it, but do not understand what it is. 71% of respondents were able to give a definition to it, which is less than a year ago.
    Have you noticed this trend? Does it seem like people do not have enough knowledge about crypto now?

    submitted by /u/SimpleSwapExchange
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    Each pixel represents a minute and whether Bitcoin price went up, down or stayed the same. Dating back to October, 2015

    Posted: 16 Jun 2021 06:52 PM PDT

    I just saw my first Bitcoin ATM in Ireland!

    Posted: 17 Jun 2021 08:30 AM PDT

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