Bitcoin Daily Discussion, August 08, 2021 |
- Daily Discussion, August 08, 2021
- Spottet a Bitcoin ATM in my hometown in Germany right next to a dirty Fiat-ATM
- UPDATE: The voting for infrastructure bill that was going to kill crypto has been delayed meaning that voting will happen Tommorrow
- Elon Musk backs up Coinbase CEO by expressing displeasure with US Crypto tax bill
- Don’t sell Bitcoin…
- This is why we Hodl. Imagine your bank can’t give you your money.
- As a non US citizen ! what can i do to fight against the upcoming infrastructure bill
- SEC has started going after DINO projects (Decentralized In Name Only). According to Gary Gensler, it could mean everything other than Bitcoin
- An auto rickshaw driver in India accepting payments in bitcoin! Slowly and steadily more and more adoption taking place.
- I posted in late May about taking my excess cash from my business and buying BTC. I started to dca every week for 2.5 months. Here’s how it’s working. Spammers don’t waste your time.
- The time is nigh
- The Great Fiat Ponzi Scheme - this is why we Bitcoin! Credit: Twitter @MemeSgtSpliff
- 'This is no way to make policy:' Cryptocurrency advocates express frustration with bipartisan infrastructure language
- Which would you rather have: 1,000 Bitcoins or 50 additional years of healthy lifespan?
- Bitcoin ATMS coming to gas station, retail chain Circle K
- Regardless of which version of the infrastructure bill passes it doesn't go into affect until 2023. The battle is just beginning.
- The question is not "who is going to let us?". The question is "who is going to stop us?".
- As the US Congress votes, remember that NO government can destroy BITCOIN. Here's Andreas to explain why:
- One of Germany's high reputation tech magazine seems to have published today an article on "how to setup an own bitcoin fullnode" using umbrel. Crazy.
- Mexico- which app/exchange do you use to buy Bitcoin?
- If you aren't a developer than here are ways to contribute:
- Listen to that eccentric crazy sounding person in your life
- Raising the floor
- The Blocksize War – Chapter 21 – Victory
- Bill would send US adults 'guaranteed income' of up to $1,200 per month
- Help me refute my economist Professor in claiming BTC is not good as currency.
| Daily Discussion, August 08, 2021 Posted: 07 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. [link] [comments]  | ||
| Spottet a Bitcoin ATM in my hometown in Germany right next to a dirty Fiat-ATM Posted: 07 Aug 2021 11:31 PM PDT
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| Posted: 07 Aug 2021 03:47 PM PDT We can live one more day in peace with the price of Bitcoin going up. Keep calling/emailing the senators and tell them to stop. [link] [comments]  | ||
| Elon Musk backs up Coinbase CEO by expressing displeasure with US Crypto tax bill Posted: 07 Aug 2021 05:41 AM PDT
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| Posted: 07 Aug 2021 08:17 PM PDT
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| This is why we Hodl. Imagine your bank can’t give you your money. Posted: 08 Aug 2021 01:08 AM PDT
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| As a non US citizen ! what can i do to fight against the upcoming infrastructure bill Posted: 07 Aug 2021 05:04 PM PDT Expanding the US government surveillance on crypto is very bad idea especially in this decade ! And I think it won't just affect US citizens , it will have an impact on the whole market and also more goverment around the world will do the same So for a US citizen you can call your senators and directly engage with them but for the rest of us what can we do except spreading the message ? [link] [comments]  | ||
| Posted: 08 Aug 2021 02:44 AM PDT
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| Posted: 07 Aug 2021 08:05 PM PDT
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| Posted: 07 Aug 2021 03:16 PM PDT I started out when BTC entered the upper 30's and felt good I hadn't started doing this in April. Instead of dollar cost averaging a set dollar amount I averaged buying .08 Bitcoin per week.(I know talking specifics is dangerous but I wanted other business owners to see the power of investing in BTC). I have accumulated .81 BTC in just under 3 months for $28,000. Today that investment sits at $36,000. Regardless of the current price, letting my money sit in a bank account was no longer an option. And luckily my partner agreed. I learned about business' investing in BTC after talking with a proprietor of a dispensary in Colorado. He was not given the option to bank under American federal law. Like so many in the third world who are unbanked, he found Bitcoin. Thank you for all the sound advice I've learned from r/bitcoin. Such a great resource I've found in your posts and comments. [link] [comments]  | ||
| Posted: 07 Aug 2021 10:21 PM PDT I don't post often. I haven't made a price prediction since ~$600. DCA Stack sats Hodl. [link] [comments]  | ||
| The Great Fiat Ponzi Scheme - this is why we Bitcoin! Credit: Twitter @MemeSgtSpliff Posted: 07 Aug 2021 08:37 AM PDT
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| Posted: 07 Aug 2021 05:23 PM PDT
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| Which would you rather have: 1,000 Bitcoins or 50 additional years of healthy lifespan? Posted: 07 Aug 2021 09:47 AM PDT If such a choice were possible, would you rather receive 1,000 Bitcoins OR receive no bitcoins and be healthy to age 130 or higher? [link] [comments]  | ||
| Bitcoin ATMS coming to gas station, retail chain Circle K Posted: 07 Aug 2021 06:46 PM PDT
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| Posted: 07 Aug 2021 10:45 AM PDT That is a year and half to voice opposition and fight to have it removed or completely fixed. Regardless of the outcome today or next week nothing is changing in the short term and the fight is only beginning. Don't lose your shit yet stay focused. [link] [comments]  | ||
| The question is not "who is going to let us?". The question is "who is going to stop us?". Posted: 07 Aug 2021 06:48 PM PDT
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| Posted: 07 Aug 2021 10:25 AM PDT
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| Posted: 07 Aug 2021 07:37 AM PDT | ||
| Mexico- which app/exchange do you use to buy Bitcoin? Posted: 08 Aug 2021 12:12 AM PDT Hello, I was talking to my uncle about Bitcoin and he's heard about it before and would like to invest into Bitcoin but we're both unsure of how to do it since he's in Mexico. Please help? [link] [comments]  | ||
| If you aren't a developer than here are ways to contribute: Posted: 08 Aug 2021 12:15 AM PDT *1) Educate yourself more- https://lopp.net/bitcoin.html *2) Run an economic full node - https://btcinformation.org/en/wallets/desktop/windows/bitcoincore/ *3) Possibly mine with an ASIC after doing 100 hours of research - https://bitcointalk.org/index.php?board=14.0 *4) Perform translations- https://github.com/achow101/btcinformation.org https://github.com/bitcoin-core/bitcoincore.org *5) write documentation https://github.com/achow101/btcinformation.org https://github.com/bitcoin-core/bitcoincore.org https://en.bitcoin.it/wiki/Main_Page http://lopp.net/bitcoin.html https://github.com/jlopp/lopp.net/blob/master/bitcoin.html *6) Start a blog , or write articles on medium about bitcoin. *7) Participate more on social media websites and forums educating others *8) Attend local meetups and discuss Bitcoin IRL *9) Sell Bitcoin locally *10) manage a bitcoin atm *11) Set various buy limit orders (In addition to buying Bitcoin at regular intervals) on an exchange you use with deposited fiat. This will decrease Bitcoin's volatility by increasing buy limit support which is critical to both investor confidence and Bitcoin maturing into a stable currency and a less volatile unit of account. The side benefit is you can auto pickup any dips and save money. *12) Help answer new user questions on r/BitcoinBeginners *13) Invest in more Bitcoin , but focus on spending and replacing as well to support local businesses that accept Bitcoin. *14) Help local Merchants accept Bitcoin *13) Help test open source bitcoin software by reporting any bugs you find to the developers. Most projects have a github page which has an issue tracker. *14) Donate to open source bitcoin projects and other bitcoin-related volunteer efforts. *15) Provide liquidity in joinmarket *16) Provide liquidity on Bisq *17) Buy Bitcoin and securely store it *18) Spend money (BTC) with merchants that accept Bitcoin and replace the spent BTC. Better yet , go to a bar or restaurant that accepts Bitcoin with friends and family and pay the bill with Bitcoin in front of them to show them how easy it is. [link] [comments]  | ||
| Listen to that eccentric crazy sounding person in your life Posted: 07 Aug 2021 10:22 AM PDT I have an old roommate that would pressure another roommate and myself from time to time back in early 2011 to buy these imaginary internet coins he was really into. He had a separate Linux computer that he always messed around on, showing us random stuff he would find on the deep web. A typical kinda nerdy dude in his 20s that obsessively played WOW and drove a Saab, his nickname was Pukey (he puked everytime he smoked anything bigger than a tiny hit off a bowl) just to give you a further idea about his unique character. He would go on rants about how Bitcoin was the future, I remember him telling us that all the bitcoins he has bought has already more than 1000x in value, he was practically begging us in excitement to put even $50 in so we could see what happens. That's when I started to question stuff. Without him really having an explanation of what I could actually do with these "internet coins" if I did buy them, besides trust some sketchy 1995 looking websites he would browse on an entirely different computer and never actually bought anything from... I was not sold on the idea. I remember questioning why he was buying these when he couldn't even use them for anything. Nothing changed in his head even after the joking criticism that it was all worth nothing, he kept buying them. Pukey had a lot of fucking Bitcoin, easily $1000's of dollars in what we thought was wasted money. Later the next year I moved away and never really kept in touch with these old roommates besides briefly on Facebook for about a year. Years go by and around 2018 when bitcoin had a price of like 8k my brother was telling me about a crazy story of someone he knew years ago that started mining Bitcoin and how much money they have now. This made me think about my old roommate Pukey and his "fake internet money" he went on and on about back in 2011. Naturally crazy numbers started going through my head on how much I could have made and how I should have listened to that crazy bastard that sounded like a stoned lunatic burning his money. I don't know exactly what price Pukey got in at or how long he continued to buy after I moved away, but he didn't stop buying even when he was telling me it had already 1000x in 2011. I went on to try and reach out to him just to congratulate him on his likely success and so he could give me a much overdue I told you so. I tried to find him on his Facebook but it no longer exists, reached out to old mutual friends from years ago that we worked with and have come up with nothing. I've tried contacting him through his old phone number that I still had but it's no longer his number. Pukey if you're still out there and you see this, I wish the best for you, you son of a bitch you were right!! TLDR: Listen to that eccentric crazy sounding person in your life telling you to get into crypto, it will change your life in 10 years. [link] [comments]  | ||
| Posted: 07 Aug 2021 10:32 PM PDT I've been fixated on the price floor of BTC steadily increasing over time. It feels like one of those Mario levels where the floor keeps moving up, creating a feeling of urgency. That upward pressure combined with the predictable, diminishing supply schedule just feels good. How do people not get it at this point? [link] [comments]  | ||
| The Blocksize War – Chapter 21 – Victory Posted: 08 Aug 2021 01:47 AM PDT
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| Bill would send US adults 'guaranteed income' of up to $1,200 per month Posted: 08 Aug 2021 03:44 AM PDT
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| Help me refute my economist Professor in claiming BTC is not good as currency. Posted: 08 Aug 2021 03:27 AM PDT I went into a heated argument with my professor the other day about Bitcoin. His theory is as follows: "Currency should be treated as a unit of measure. pretty much like the mile or pounds. We use these units to measure weight and distance, and we use the dollar to measure value. Imagine living in a world where there is a defined, pre-determined unit of miles, we wouldn't be able to measure distance. Units of measures need to be infinite to be feasible in measuring distance, dimension, and value." He continues : "Take gold, for example, as it resembles Bitcoin in being scarce and difficult to produce. Gold was the reason for the depression because that was an era of industrial revolutions. Countries' GDPs were getting high and the source to measure value, gold, was in limited units. So this medium of exchange could not keep up with the increasing products in circulation, therefore, prices of products and services decreased." Here is my counter-argument: If the issue is that we need enough "unites of value measure" then a single bitcoin can be divided into 100million units. if we take all Bitcoin in existence (21m) and multiply it by the smallest unit of a bitcoin (100m), we then have 2.1 quadrillion units. All money in existence today is worth 500 trillion. Bitcoin, if a single sat is set to one dollar, is enough to liquidate the global economy 4 times. Please share your thoughts on my counterargument. I tried not to bring up other points but use his analogy against him. [link] [comments]  |
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