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    Bitcoin Daily Discussion, August 09, 2021

    August 09, 2021

    Bitcoin Daily Discussion, August 09, 2021

    Daily Discussion, August 09, 2021

    Posted: 08 Aug 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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    Change.org: "Secretary of the Treasury Janet Yellen Needs to Resign or Recuse Immediately".

    Posted: 08 Aug 2021 02:00 PM PDT

    Janet Yellen Accused of Banking Corruption

    Posted: 08 Aug 2021 09:49 AM PDT

    Crypto APY Platforms for Bitcoin that I can recommend.

    Posted: 08 Aug 2021 10:17 PM PDT

    I am listing here crypto asset management platforms that offer cryptocurrency interest accounts. Very similar concept to a normal bank account that offers interest, just with cryptocurrency instead of dollars.

    Nexo

    Licensed and regulated in over 200 countries and insured of $100 million insurance on holdings and 100% of their holdings are in cold storage. It offers 6% APY on BTC and ETH. Interest is paid daily with no fees on withdrawals. They have a rewards system for their APY and even have their own Nexo Token. They are protected by BitGo, a crypto custodial company.

    Haru Invest

    A South Korean company that started out in 2019. Haru goes by this name HaruInvest HaruBank. They offer 6.4% APY with BTC with no minimum deposits. Withdrawal is possible with no additional fees. Your deposited assets are transferred to a cold wallet and managed by Block Crafters which is also Korean company. They are also protected by BitGo.

    Celsius

    Founded in 2017 by Alex Mashinsky who invented VoIP, you can earn up to 6.20% up to 1 BTC and 3.51% after 1 BTC as of this writing. They use their holdings to lend to institutions and individuals. The holdings are insured by Fireblocks and Prime Trust. You can also trade with Celcius you can do this by buying coins in Coinbase and then transfer to your Celsius wallet.

    BlockFi

    Offers 3.5% on BTC as of this writing with no minimum deposits. You can borrow cash, and buy or sell crypto. There are no hidden fees, no minimum balances, and no reason to wait. They use their holdings to lend to institutions and corporations. They are held by the Gemini trust company. They hold 95% of their holdings in cold storage and the 5% are in hot wallets.

    Source: https://www.coininterestrate.com/

    submitted by /u/antiserumserasidem5
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    Janet Yellen Has Been Lobbying Against Wyden-Lummis-Toomey Crypto Amendment: Report

    Posted: 08 Aug 2021 03:33 PM PDT

    "What’s most remarkable is that Bitcoin has developed an immune system capable of fighting government regulation at the highest levels inside the most powerful nation on earth. All without any centralized leadership. A peaceful but powerful incentive structure drives it forward".

    Posted: 08 Aug 2021 06:17 AM PDT

    Important update from Senator Cynthia Lummis: "This has been an interesting day. Here’s what is happening..."

    Posted: 08 Aug 2021 11:45 PM PDT

    https://twitter.com/SenLummis/status/1424556793506635776

    1. First, we've been able to have very productive conversations with senators on all sides of this issue, and if we could vote on amendments I think the digital asset community would be pleased with the outcome.

    2. Right now, we need an agreement on allowing amendments, which is being held up because of conflict between senators over the 30-hour rule, which allows the Senate to consider/read/review a bill for up to 30 hours before voting on it.

    3. Some senators want to keep focusing on the infrastructure bill for 30 hours to raise awareness about its price tag. Senator Schumer wants to quickly vote in order to focus on other legislation, and won't allow amendment votes unless that happens.

    4. So we're at an impasse. I understand my colleagues' positions. But real people are going to be hurt if we do not change the language in this bill. Tomorrow we'll be back in session and again work to convince our colleagues and Senator Schumer that our amendment deserves a vote.

    5. Tomorrow at 9 am offices will be back in like usual. Feel free to call your senators to let us know how you think we should move forward.

    Please keep calling and emailing!

    submitted by /u/simplelifestyle
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    Our largest BTC transaction so far...Someone purchased a $400k watch when BTC was at 35K

    Posted: 08 Aug 2021 05:11 PM PDT

    BTC baby

    Posted: 08 Aug 2021 11:58 PM PDT

    My friends and family ask why I invest in Btc and altcoins, trade and save money instead of partying, clubbing with them, hitting bars and etc every weekend. Sure I'm a young (21) yo female and friends might think I'm boring af… but my reality is I do this shit cause I was born into poverty. My job is to get out of it. Some people just don't get it when they haven't been through the gutter. BTC all the way #longHODL

    submitted by /u/Signal-University-26
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    Buy low, buy high. HODL

    Posted: 08 Aug 2021 05:58 PM PDT

    To those who are new to the world of bitcoin:

    1) Ignore the FUD

    2) Buy as much bitcoin as you can, as often as possible. DCA is the way.

    3) Don't try to trade for short term gains. You will most likely get wrecked.

    4) Don't go into debt to buy bitcoin.

    5) Be prepared for massive volatility in the short term.

    6) Don't sell it for 10 years.

    7) Enjoy the rest of your life.

    TL;DR: Buy low, buy high. HODL.

    submitted by /u/kuzkokronk
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    This is Bitcoin. We pay respect to Hal Finney one of the first bitcoin contributors. He also received the first bitcoin transaction from bitcoin's creator Satoshi Nakamoto. - twitter.com/@ThrillerLN

    Posted: 09 Aug 2021 01:46 AM PDT

    Thank You Senators Hagerty (Tennessee) & Lee (Utah) - Both Came Out Saturday Apposing The Infrastructure Bill's Crazy Crypto Provisions - 8/7/2021

    Posted: 08 Aug 2021 06:00 AM PDT

    White House Reporter: Its remarkable that out of $1 trillion infrastructure bill, the most heat at the goal line is Crypto

    Posted: 08 Aug 2021 05:04 AM PDT

    Behold the power of the lightning network. Instant bitcoin payments & extremely low fees!

    Posted: 08 Aug 2021 12:14 PM PDT

    “Nothing is more powerful than an idea whose time has come.”

    Posted: 08 Aug 2021 09:32 PM PDT

    "Nothing is more powerful than an idea whose time has come." - Victor Hugo

    This follow-up second quote I paraphrased from the late John Anthony West, who has been involved with fighting the mainstream establishment of academia in Archaeology, particularly related to re-dating of the Sphinx in Giza to pre-date the ancient Egyptians for several millennia. The quote may come from someone else, and I would love to know if someone does!

    "The second most powerful thing however, is an old idea whose time has not yet passed."

    I think we are witnessing the later stages of a massive power shift, and we can see that it is getting serious in the way the establishment fights back. They have however become complacent and ineffective long ago, so when truly tested they will stand no chance.

    submitted by /u/Existing-Date-1089
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    Coinbase gives green light to Apple Pay and says Google Pay is next

    Posted: 08 Aug 2021 11:52 PM PDT

    What I learned from debating Crypto Skeptics – The sad and pitiful tale of /r/Buttcoin

    Posted: 08 Aug 2021 11:42 PM PDT

    What do y'all think, bull trap is here or we go tob new heights

    Posted: 08 Aug 2021 09:53 PM PDT

    I don’t get it.

    Posted: 08 Aug 2021 11:36 AM PDT

    I don't get why it matters what the government says when this is all about decentralization. Even if the government says they are banning it. Isn't the whole point of it, is to be on our own????

    submitted by /u/Yup_butthole99
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    How much of your savings are in BTC?

    Posted: 08 Aug 2021 03:07 PM PDT

    Curious how much you are all putting away monthly, in terms of percentage of your available investing dollars? 10%? 50%? Every damn last penny?

    submitted by /u/vbc83
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    Ben Bernanke Won't Tell Bernie Sanders Who Got 2.2 Trillion Dollars of Taxpayer Money (2009)

    Posted: 08 Aug 2021 03:07 PM PDT

    Passing an untested crypto law, according to a US senator, will stifle innovation and make Americans poorer.'

    Posted: 09 Aug 2021 12:19 AM PDT

    Senator Ted Cruz: "Crypto Got Screwed Tonight As Dems Objected To ALL Further Amendments In Infrastructure Bill"

    Posted: 08 Aug 2021 10:51 PM PDT

    Less than 2% of the population owns any crypto

    Posted: 08 Aug 2021 08:33 PM PDT

    What's the price when 5%, 15%, 30%, 50% owns crypto?

    submitted by /u/lucky69err
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    Need more common sense politicians like her!⬇️⬇️⬇️

    Posted: 08 Aug 2021 01:21 PM PDT
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