Bitcoin Daily Discussion, August 14, 2021 |
- Daily Discussion, August 14, 2021
- Bitcoin ����
- Lost all my bitcoin in a boating accident.
- How fuckked am I?
- Everyone should hodl. Not everyone should have a wallet with private keys.
- JFK invented Bitcoin
- 50 years ago today, president Nixon abolished any sense of value from money. 38 years later, Satoshi Nakamoto was able to restore value.
- Bitcoin Realized Cap just reached an ATH of $378,768,190,450.72 - The capital stored in the Bitcoin network just broke an ATH.
- I risked it all on BTC
- I see a A LOT of people losing their seed phrases for REALLY weird and preventable reasons.
- Debate Over Cryptocurrency Taxation Threatens To Derail $1 Trillion Infrastructure Bill In The U.S
- The Modern Financial System is a Debt-Based Pyramid Scheme and an Investment-Based Ponzi Scheme with Extra Steps... This is why Bitcoin
- Distorted Reality
- Once-in-Lifetime Opportunity — $1,000 Invested in Bitcoin Ten Years Ago Is Now $4,669,480
- IRS Won't Go After Bitcoin Miners Regardless of ‘Broker’ Definition: Reports
- Sell BTC for house downpayment?
- Since no one asked
- Summer vibe
- A New Era
- 73rd Bitcoin ATM 7225 Bancroft Ave, Oakland, CA 94605, USA
- Should I buy 1 BTC now?
- Audit the Federal Reserve - Harry Reid (1995)
- We don't buy Bitcoins, we change back the governmental vouchers for something valuable
- How do you know the address shown on your hardware wallet belongs to you?
- Treasury Seeks to Quell Fears Crypto Tax Rules Are Overly Broad
- Happy Friday LFG
| Daily Discussion, August 14, 2021 Posted: 13 Aug 2021 10:04 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]  | ||
| Posted: 13 Aug 2021 11:20 PM PDT
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| Lost all my bitcoin in a boating accident. Posted: 13 Aug 2021 11:34 AM PDT | ||
| Posted: 13 Aug 2021 06:20 PM PDT I was on my way home on the ferry today and accidentally dropped my bag overboard and it had my trezor in it and my seedwords are not working.. I think I intentionally messed with the first and last words but can't find it.. [link] [comments]  | ||
| Everyone should hodl. Not everyone should have a wallet with private keys. Posted: 13 Aug 2021 07:12 PM PDT Unpopular opinion - The majority of people are not tech savvy enough to understand private keys, hardware wallets, cold storage, etc. They're better off just keeping them on Coinbase or Gemini. The odds are way higher that they'll lose the keys and btc forever than Coinbase being hacked. [link] [comments]  | ||
| Posted: 14 Aug 2021 01:33 AM PDT
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| Posted: 13 Aug 2021 09:38 AM PDT On the Friday afternoon of August 13th, 1971, President Nixon staged a live broadcast to temporarily (lol) cease the conversion of United States Dollars into Gold at a fixed rate set by the government. This was mainly due to the fear of countries withdrawing gold from the US Central Banks. We will never forget 1971. We will never forget 1987. We will never forget 2001. We will never forget 2008 and most definitely we will never forget 2020. You can either trust in politicians or you can trust in math. EDIT: The broadcast was on Sunday, August 15th. August 13th is believed to be the day that Nixon and high ranking officers of the white house and treasury met to discuss the suspension EDIT 2: Wow, there is a lot of politics in these comments. I hope you guys are at least respectful. Fuck politics, stack sats [link] [comments]  | ||
| Posted: 13 Aug 2021 11:53 PM PDT
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| Posted: 13 Aug 2021 11:14 AM PDT I've been DCA into Bitcoin pretty regularly for a few years, nothing crazy just a few hundred here and there. But that all changed last year when I finally dug deep and realized it's true power. Against everyone's advice and some common sense I pulled out my entire 401k and put it into this gift from the Gods. I've been trying to spread the word of bitcoin to friends and coworkers but they all looked at me as the guy with the tin foil hat. Once I told and showed them what I had done, I was no longer the guy in the tin foil hat. I was beyond that. But something interesting happened. Over time more and more of them became curious on how I would be so stupid yet so daring and risky. So they finally opened up and actually listened to what bitcoin is all about. Im kinda high so I don't even remember where I was going with this post. But I never looked back after putting it all into bitcoin!! [link] [comments]  | ||
| I see a A LOT of people losing their seed phrases for REALLY weird and preventable reasons. Posted: 13 Aug 2021 07:32 PM PDT WHAT DOES IT COST YOU to BACK UP your seed phrase IN THE FIRST PLACE. You're the bank and you take responsibility, knowing that itself is scary enough to take 10-30 minutes of your day to write 12-24 words on a paper and find a place to hide it. IT COULD SAVE YOUR CRYPTO. Second place, why WOULD YOU GO in public places with your hardware wallet without backing up your seed phrase?????! TREZORS CAN BE HACKED!!! Okay im done, aso if you didn't yet backed up your seed phrase yet, TF ARE YOU DOING?!?!? GO BACK IT UP [link] [comments]  | ||
| Debate Over Cryptocurrency Taxation Threatens To Derail $1 Trillion Infrastructure Bill In The U.S Posted: 13 Aug 2021 08:20 AM PDT
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| Posted: 13 Aug 2021 09:37 AM PDT
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| Posted: 13 Aug 2021 01:36 PM PDT Anyone else absolutely bored with stocks at this point? Having an investment with crypto that can return 50% in a month and an average of 200% ROI YOY makes stocks a sleepy proposition. [link] [comments]  | ||
| Once-in-Lifetime Opportunity — $1,000 Invested in Bitcoin Ten Years Ago Is Now $4,669,480 Posted: 13 Aug 2021 10:02 AM PDT
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| IRS Won't Go After Bitcoin Miners Regardless of ‘Broker’ Definition: Reports Posted: 13 Aug 2021 03:21 PM PDT
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| Sell BTC for house downpayment? Posted: 14 Aug 2021 01:30 AM PDT Ive been holding BTC as an investment since 11k or so. And it is worth 47k now. (1BTC). Id like to move into a house and it would cover my downpayment. I understand that BTC may hit 1 million in the next 10 years. Although in the short term, ive reached my goal in life of being able to afford a house and the downpayment is staring me right in the face on my Ledger app. What do? I really dont want to sell my Bitcoin, but man do I want to get out of the apartment space. I feel like its trading one asset for another? [link] [comments]  | ||
| Posted: 14 Aug 2021 01:26 AM PDT | ||
| Posted: 13 Aug 2021 10:47 AM PDT
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| Posted: 13 Aug 2021 05:12 AM PDT Mark my words. The rebound that recently occurred is a solidification of Bitcoin and all of it's correlates in reality. We are not going to the moon, we are extending to infinity in an abstract sense. There will be a successor of Bitcoin, perhaps not in our lifetime, but there will be a successor just like cryptocurrency is a successor of Fiat currency. Buy strongly, yet buy in a calculated manner. Do not put in more than you can afford, yet make sacrifices for not only your future-self, but the generations that bloom as you offspring. [link] [comments]  | ||
| 73rd Bitcoin ATM 7225 Bancroft Ave, Oakland, CA 94605, USA Posted: 13 Aug 2021 09:14 PM PDT
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| Posted: 14 Aug 2021 04:25 AM PDT I have around 80,000 cash saved up and was looking into purchasing my second investment property soon. Would it be wiser to purchase 1 BTC, or generally speaking diversify myself with a portfolio of cryptos? At this time, I own no Bitcoin and a small amount of eth and Ada. I'm having a hard time committing to dropping 60-75 thousands for down payment and closing cost. Even with cash flow, appreciation , and possible tax write offs, I'm just thinking it would take to make that money back. It seems like crypto had a bright future from what I've seen, heard, and read these past 6 months. Opinions? [link] [comments]  | ||
| Audit the Federal Reserve - Harry Reid (1995) Posted: 14 Aug 2021 01:41 AM PDT
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| We don't buy Bitcoins, we change back the governmental vouchers for something valuable Posted: 14 Aug 2021 02:47 AM PDT The corporation called state used our inherited concepts of tribe, nation and rulers to obtain the monopoly of violence. The given values of people made possible by human energy, creativity and striving are paid with governmental vouchers, totally controlled by this corporation. When we say "buying Bitcoin", what we really mean is to escape the arbitrary voucher system in favour of another system that stands for itself. The value lies in the fact that Bitcoin cannot be subordinated under any purpose. Is it therefore better than the voucher system? It depends on what is good and bad, but for the first time an alternative is offered. Having an alternative at all is already incredibly valuable. The future may show us where it eventually leads us to. [link] [comments]  | ||
| How do you know the address shown on your hardware wallet belongs to you? Posted: 14 Aug 2021 02:45 AM PDT I've been thinking of setting up a multisig wallet using my Ledger Nano S and Trezor One so I was reading about it online and came across this article. In it the writer says that using a Ledger for multisig is less secure than singlesig since Ledger doesn't show the multisig's xpubs on the device. He says that if you only use the xpub shown on your computer screen you have no way of knowing if it belongs to your device or an attacker's device. This made me ask the question: How do you even know that addresses shown on hardware wallets actually belong to you? If your computer is infected with malware what is stopping that malware from feeding a fake address belonging to the attacker to your hardware wallet? [link] [comments]  | ||
| Treasury Seeks to Quell Fears Crypto Tax Rules Are Overly Broad Posted: 14 Aug 2021 01:53 AM PDT
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| Posted: 13 Aug 2021 01:21 PM PDT
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