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    Bitcoin Daily Discussion, August 03, 2021

    Bitcoin Daily Discussion, August 03, 2021


    Daily Discussion, August 03, 2021

    Posted: 02 Aug 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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    That fealing when u know the next bull run is going to start again

    Posted: 02 Aug 2021 01:19 PM PDT

    Bitcoin

    Posted: 02 Aug 2021 04:34 PM PDT

    Bitcoin, welcome to Twitch! You can now directly receive Bitcoin donations on Twitch and have them show up in your stream alerts!

    Posted: 02 Aug 2021 01:23 PM PDT

    Some time ago, I announced a project I've been working on to allow Twitch streamers to accept Bitcoin on Twitch.

    IT'S HERE! See it in action!

    There is a full guide on how to set it up! It's powered by LNbits, and my extension has just been merged. So it's now available, fully free and open source, for anyone to use!
    And of course: It's lightning first, but also supports on-chain donations!

    ENJOY! And feel free to contribute!

    submitted by /u/Fittiboy
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    Leading Senator Urges Congress Not To Pass New Crypto Reporting In Infrastructure Bill

    Posted: 02 Aug 2021 02:34 PM PDT

    Bitcoin is Now 58% of Square's Total Revenue

    Posted: 02 Aug 2021 01:56 PM PDT

    Senator Toomey Calls Text of Current Crypto Tax Proposal ‘Unworkable’

    Posted: 02 Aug 2021 07:29 PM PDT

    Bitcoin will be a big part of Twitter’s future, says Jack Dorsey

    Posted: 03 Aug 2021 01:55 AM PDT

    The Bank of America now says that adopting #Bitcoin could bring huge economic advantages to #ElSalvador. Meanwhile institutions are getting into DeFi big time. So how's the whole "crypto will never succeed because banks won't allow it" narrative looking right now?

    Posted: 02 Aug 2021 10:21 AM PDT

    Bitcoin chart suggests price will rally to $80K by September

    Posted: 03 Aug 2021 01:30 AM PDT

    Completed my first transaction with Bitcoin today!!!

    Posted: 02 Aug 2021 08:15 PM PDT

    "Such a requirement is essentially forcing miners, lightning nodes, etc., to identify others on the network," "Not only is this nonsensical from a technical perspective, such a mandate would very likely be unconstitutional surveillance."

    Posted: 02 Aug 2021 06:55 PM PDT

    Today I bought my first Satoshis at 30.000 feet.

    Posted: 02 Aug 2021 03:54 PM PDT

    Thanks to in-flight wifi, I could do my weekly DCA onboard Norwegian Airlines. Any exotic place where you bought your Bitcoin/Satoshis at?

    submitted by /u/iwishiremember
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    Bitcoin ATM operator LibertyX is being acquired by Fortune 500 company NCR

    Posted: 02 Aug 2021 12:32 PM PDT

    Bitcoin services generate $2.72 billion revenue for Square despite market correction

    Posted: 02 Aug 2021 01:47 PM PDT

    So the moral of the story is : Don't buy Bitcoin. Cause you know it's gonna Crash !!! (oldie but goodie)

    Posted: 02 Aug 2021 09:09 AM PDT

    Miami Set to Launch Its Own Cryptocurrency, Reward Users in Bitcoin

    Posted: 02 Aug 2021 03:19 PM PDT

    10 years ago, #Bitcoin creator Satoshi Nakamoto's disappeared. @pete_rizzo_ tells the story of what we know about his final days

    Posted: 03 Aug 2021 03:30 AM PDT

    “American people are being fleeced blind. It’s your pie and these cronies all voted themselves a slice. This bill is a feeding frenzy of pork and graft…” - Kraken CEO Jesse Powell

    Posted: 03 Aug 2021 04:11 AM PDT

    Third largest company in the world, plans to start mining Bitcoin ,*

    Posted: 03 Aug 2021 04:03 AM PDT

    Looks like the Senate want to classify digital assets as "specified securities". But what does that mean for you?

    Posted: 02 Aug 2021 01:26 PM PDT

    The so-called edw21a09 version of the infrastructure bill working its way through the United States Senate allegedly wants to change the law so that people who work with digital assets like Bitcoin, NFTs, and voting shares in groups like Bisq would need to do hours of privacy violating, time wasting paperwork.

    Do you want to mint a second layer token? How about make a copy of some NFT art you created? The IRS says you must spend on average more than 4 hours your life doing pointless paperwork or they will bring the hammer down on you.

    Learning about the law or the form 35 min.

    Preparing the form 40 min.

    Recordkeeping 2 hr., 52 min.

    If anyone has the most up-to-date copy of the infrastructure bill, please post it in the comments. We need to stay on top of this now, or else we will have lots of annoying, invasive, and unnecessary restrictions in the future. Think of all the time you lost and will lose because bureaucrats force you to do paperwork. How does that feel? We need to stay out of the jail of bureaucracy.

    submitted by /u/lerkmore
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    Bitcoin outflows from centralised exchanges surge to $3.85 billion monthly

    Posted: 03 Aug 2021 04:41 AM PDT

    According to Glassnode's August 2nd newsletter, this week has seen an extremely large volume of Bitcoin leave centralized exchanges, with the rate accelerating to over 100,000 BTC per month for the third time since September 2019. With Bitcoin's current market price at $38,500, this means that a total of $3.85 billion worth of BTC are leaving centralized exchanges monthly.

    The exchange net position change metric is an on-chain analytic metric used to map out the monthly rate of coins flowing in (green) or out (red) of all exchanges. The Bitcoin exchange net position change is used to measure the demand and supply of Bitcoin going in and out of centralized exchanges. If Bitcoin leaves centralized exchanges, it means there is an accumulation (Demand) of the flagship cryptocurrency but when there is more Bitcoin on centralized exchanges, it means there is a low demand for the coin.

    submitted by /u/Nasty_slutX
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    Square Customers Spent $2.7 Billion on Bitcoin in Q2

    Posted: 02 Aug 2021 07:43 AM PDT

    How Bitcoin became El Salvador's legal currency

    Posted: 03 Aug 2021 04:25 AM PDT

    • 12 years after it was first introduced as an alternate and experimental currency in 2009, Bitcoin became the legal tender of the Central American nation, El Salvador.
    • On June 9, 2021, the El Salvador Congress approved President Nayib Bukele's proposal to embrace the cryptocurrency, a move that delighted the currency's supporters.
    • Read on for a chronology of events that got El Salvador motivated to adopt Bitcoin as its legal currency

    Source : https://nitl.app//story/?id=154

    submitted by /u/team_NITL
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    Michael Saylor: Bitcoin is the future of property

    Posted: 03 Aug 2021 01:37 AM PDT

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