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    Bitcoin Daily Discussion, August 10, 2021

    August 10, 2021

    Bitcoin Daily Discussion, August 10, 2021

    Daily Discussion, August 10, 2021

    Posted: 09 Aug 2021 10:03 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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    AMC Cinemas to Accept Bitcoin By Year End 2021!

    Posted: 09 Aug 2021 02:33 PM PDT

    Just announced on the Q2 Earnings Call by AMC CEO Adam Aron

    submitted by /u/CechPlease
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    Crypto amendment fails due to senator's extortion for more military spending

    Posted: 09 Aug 2021 02:37 PM PDT

    Senator Richard Shelby objected in order to gain 50 (b)illion more for military spending

    This is his DC Office number, blow it up peeps

    Telephone: (202) 224-5744

    edit: BILLIONS, for my cronies in the MIC

    submitted by /u/glennvtx
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    After Senate Rejected Amendment To Infrastructure Bill, Twitter CEO Jack Dorsey Said: “Bitcoin Will Unite A Deeply Divided Country And Eventually World"

    Posted: 09 Aug 2021 09:50 PM PDT

    Bitcoin price shoots to 3-month high after astonishing recovery

    Posted: 09 Aug 2021 04:45 AM PDT

    **Senator Richard Shelby (R -AL)who Blocked crucial Amendment for Dangerous Crypto Bill receives most of his Campaign Donations from Big Bankers**

    Posted: 09 Aug 2021 09:55 PM PDT

    https://www.opensecrets.org/members-of-congress/richard-c-shelby/summary?cid=N00009920

    I'm sure everyone here has tweeted octogenarian Senator Shelby at https://twitter.com/SenShelby but on the off chance he only uses fax machines, you can reach his chief of staff at https://twitter.com/jwdonald3. Also, his former chief of staff is running to fill his open seat once he retires. She can be reached at https://twitter.com/KatieBrittforAL

    Also, This is his DC Office number, blow it up.

    Telephone: (202) 224-5744

    I love to not assume malice when ignorance is just as likely, but this guy is retiring. If there were a time for anyone from Alabama or elsewhere to put in an open records request to ensure his office isn't corrupt, it would be now. https://revenue.alabama.gov/tax-policy/records-request-policy/

    submitted by /u/simplelifestyle
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    Today Bitcoin united Democrats and Republicans like we haven’t seen for a long time. Today a senator chose bombs over Bitcoin.

    Posted: 09 Aug 2021 05:51 PM PDT

    AMC to accept Bitcoin

    Posted: 09 Aug 2021 07:52 PM PDT

    For all the people shitting on the awesome news that AMC will accept Bitcoin saying it's too valuable to spend there...

    Posted: 09 Aug 2021 10:05 PM PDT

    ...guys, use the 'Spend & Replace' strategy.

    Many don't grasp this simple concept.

    Using Bitcoin as everyday money instead of the dollar will make it even more valuable!

    You use the dollars you would pay the ticket/coffee/small purchase with, to buy the same amount of Bitcoin to immediately replace it in your wallet, so you end up with the SAME Bitcoins you started with.

    And if your complaint is regarding 'taxes', that's a moot point, since we will have to pay taxes anyway.

    And if the argument is that it will make it more difficult, that's also no good reason to not use it, since all the apps you spend Bitcoin from will provide you with the appropriate tax file that you will use to declare your taxes.

    TL;DR: You didn't loose any Bitcoin that you had AND you didn't have less Bitcoin that you would have, because you were going to SPEND those dollars ANYWAY.

    submitted by /u/simplelifestyle
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    Just started 2nd job to buy more #bitcoin as I am low on fiat. My all wealth is in bitcoin since 2017. Am I doing this right ?

    Posted: 09 Aug 2021 07:43 PM PDT

    Here y’all go. The ruling on the crypto bill

    Posted: 09 Aug 2021 09:21 AM PDT

    Bitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill

    Posted: 09 Aug 2021 01:37 PM PDT

    Did we just become best friends?

    Posted: 09 Aug 2021 10:38 PM PDT

    Open letter to Joe Biden, Chuck Schumer, and Janet Yellen.

    Posted: 09 Aug 2021 05:04 AM PDT

    Your smoke and mirror politics have been exposed over the last week. The "card trick" you just tried to play on cryptocurrency didn't slip past the American people. In the name of improving infrastructure, you tried to slip dozens of non-relevant regulations into the bill in order to further your control and tyranny. One of which was a weak attempt to kill crypto, largely Bitcoin.

    As I type this message, we are pushing toward $46k/Bitcoin and have risen 7% in the last 12 hours after Chuck blocked senate voting on a critical amendment. You see, you cannot kill Bitcoin. You may slow down broader crypto industry growth on U.S. soil. But Bitcoin itself is at a point where it cannot be stopped. The more you try to block it, the stronger it will get.

    This "problem" that the Federal Reserve and Treasury now have on their hands was created in response to decades of mismanaged fiat currency, corrupt central banking, and Wall Street puppetry. And now the problem you created is fighting back.

    Even if this bill passes in it's current language, what you will see over the next 1-2 years before it becomes law is millions of people buying MORE Bitcoin, storing their coins privately, and "holding on for dear life".

    You can take our guns, you can take our freedoms, hell you can even imprison us or kill us. But Bitcoin is the one thing that you will never be able to take.

    submitted by /u/brown_diesel
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    You still doubt Bitcoin?! Think Tesla, Space X, Square, Twitter, and that is just the beginning, soon Apple, Microsoft, Amazon and Facebook will be forced to adopt it. We are currently witnessing the flipping from fiat to btc!

    Posted: 10 Aug 2021 02:22 AM PDT

    I am so bullish like never before, this could easily go up to 100k's. Why? Because the bull run so far was only a stepping stone, now the real instructional money comes in.

    submitted by /u/jeriho
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    US SENATE BITCOIN UPDATE: The Senate is finally going to vote today on an amendment that would have never happened without all your hard work. If even one Senator objects, all we get is the garbage text that brought us here in the first place. CALL NOW - 517-200-9518

    Posted: 09 Aug 2021 11:30 AM PDT

    We have one final chance to fight another day: a new compromise that will be proposed by unanimous consent this afternoon. This compromise solves many of the problems with the original text, although according to Senator Wyden there are still some harms to privacy and security. Unfortunately, without the compromise, all we get is the garbage text of the original bill. If the Senate doesn't vote to amend TODAY, the bill reverts to the original Portman-Sinema provision that forces bitcoin miners and wallet devs to surveil their users (they cant) or leave the US. If even one Senator objects, all we get is the garbage text that brought us here in the first place.

    So, one more time for the folks in the back! Call and tweet at your Senators and tell them to support the cryptocurrency amendment to the infrastructure bill.

    If you haven't called yet, do it now. If you already called your Senator to reject the Warner amendment CALL AGAIN to tell your Senators to support amending the current cryptocurrency provision!

    Call your Senators right now at 517-200-9518 or use this call tool. We'll connect you to their offices and guide you through the process.

    When a staff member answers, tell them:

    "Hi, I'm calling to ask that you support amending the cryptocurrency provision of the infrastructure bill, and in the future protect the human rights and privacy potential of decentralized technologies. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you."

    ---

    Watch the Senate debate live

    submitted by /u/fightforthefuture
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    This is not financial advice

    Posted: 09 Aug 2021 07:32 AM PDT

    AMC To Take Bitcoin As Payment For Movie Tickets By End Of Year

    Posted: 10 Aug 2021 01:30 AM PDT

    More "hey, I remember you used to talk about bitcoin?" messages now than when we hit 64k - it's beginning ������

    Posted: 09 Aug 2021 01:15 PM PDT

    Start quantifying BTC in Sats not whole coins

    Posted: 09 Aug 2021 08:55 PM PDT

    At the current price of a whole coin BTC is more palatable to new retail money as Sats, not whole coins. The long future of Bitcoin relies on new retail investors. Sats make it getting stared easier. Netflix made its fortunes on $9.99 a month to the masses. Let's normalize Sats and bring BTC to the masses.

    submitted by /u/Ying_shi
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    Stuck in the Cold War Between America and China, Venezuelans Have No Recourse but Bitcoin. The Venezuelan people just want to stop surviving and start living.

    Posted: 10 Aug 2021 03:35 AM PDT

    Simpsons always has a relevant clip

    Posted: 09 Aug 2021 05:49 PM PDT

    Absolute joke of an objection today. Over military spending....goes to show how outdated and out of tune the system is.

    Posted: 09 Aug 2021 01:55 PM PDT

    If anyone watched the live event, Shelby must've been on something because he objected the bipartisan crypto bill just because it didn't have military spending amendment. What is he waiting for a galactic Star Wars battle? They wouldn't come by if we can't even get this crypto bill fixed. Agree on it then they'll consider visiting us and hope the force gets to Shelby first. Can't believe we have to deal with politics on a decentralized currency and network.

    submitted by /u/machuii
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    Bitcoin Breaks Key Resistance as Market Health Improves On Institutional Demand

    Posted: 10 Aug 2021 12:43 AM PDT

    Bitcoin is the best way to protect your money compared to gold or the stock market. The numbers speak for themselves.

    Posted: 10 Aug 2021 12:39 AM PDT

    Many people continue to decry Bitcoin.

    Yet the numbers speak for themselves if we look at the 10-year returns:

    • Gold: -2.2%
    • S&P 500: +295
    • Bitcoin: +390,000%

    An illustration is available just here: https://www.reddit.com/r/InBitcoinWeTrust/comments/p1kc4g/investing_your_money_is_a_necessity_but_you_have/

    Some will argue that most people who owned Bitcoin ten years ago ended up selling it or losing it. This is true.

    However, that doesn't negate the fact that Bitcoin is the best solution to protect your money from the great monetary inflation we are experiencing.

    Bitcoin also gives you incredible guarantees. Over twelve years of existence with an uptime of over 99.98%. This is phenomenal when you consider that Bitcoin is only supported by the will of its users to build a better world for the future.

    The key with Bitcoin is to understand its revolution to achieve the level of trust that is needed to be patient over the years.

    This will prevent you from selling your Bitcoin in the middle of the road like those who did that in 2013 when its price first reached $1,000 for example.

    Being a no matter what HODLer is the key to protecting your future regarding money. In 10 to 20 years, you won't regret making this decision that changed your life forever.

    submitted by /u/sylsau
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    Bitcoin Passes $46,000 Price Mark for First Time Since May Crash

    Posted: 09 Aug 2021 09:54 AM PDT
    Read more
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