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    Thursday, August 19, 2021

    Bitcoin Daily Discussion, August 19, 2021

    Bitcoin Daily Discussion, August 19, 2021


    Daily Discussion, August 19, 2021

    Posted: 18 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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    U.S. Halted Dollar Shipments to Afghanistan to Keep Cash Out of Taliban’s Hands.... I must be confused, I thought btc was the asset used by terrorists and for illicite activities.

    Posted: 18 Aug 2021 05:19 AM PDT

    Swedish state forced to return $1.5m to drug dealers after seized Bitcoin appreciated during trial.

    Posted: 19 Aug 2021 12:31 AM PDT

    Breaking news: Market goes down after it went up for awhile. Analysts suggest more downside ahead unless it goes up. More at 6.

    Posted: 18 Aug 2021 05:40 PM PDT

    In a surprising turn of events, the price of Bitcoin has fallen 2.3% after a previous situation where it instead went up 2.3%.

    An analyst famed for his prediction that Bitcoin would go up at some point, is now suggesting that if the price of Bitcoin does not recover from its downward trajectory, there could be more downside ahead.

    Scott Minerd is reportedly still waiting for Bitcoin to hit $15k. A charity has been set up to send him supplies.

    This news is brought to you by News Organisation (TM). More at 6 o'clock at your relevant time zone.

    submitted by /u/vvillehelm
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    After six months of selling Arizona cans I own a million sats!!!

    Posted: 18 Aug 2021 04:47 PM PDT

    I can't really get a job because of school and being too young for a job but after selling Arizona's and water bottles the whole summer I finally made enough to own 1 million satoshis. Along with a few other altocoin investments and a new Pc to mine on… 2 million sats next!!!!

    submitted by /u/Tyzo_on_yt
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    Interstellar Panic Seller

    Posted: 18 Aug 2021 03:30 PM PDT

    What if Satoshi Nakamoto lost his private keys?

    Posted: 18 Aug 2021 06:17 PM PDT

    What if Satoshi Nakamoto had lost the private keys for the address where he hold his fortune and, while we think he's a badass for not spending his money, he's actually crying cause he's money he can't spend?

    submitted by /u/izzyesbr
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    I saved every dollar and have made it to 0.05 BTC, my first milestone, next 0.1

    Posted: 18 Aug 2021 08:27 AM PDT

    I have been saving small amounts where I can and finally made it to 0.05 and I am so happy about it, that was my target and my next target is 0.1 . Wish me luck that I will earn more and will happen it this year. Will keep you all updated.

    submitted by /u/Apprehensive_Dig3559
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    Mercuryo threatening legal action for their actions….����‍♂️

    Posted: 18 Aug 2021 12:18 PM PDT

    I think about money differently after buying Bitcoin

    Posted: 18 Aug 2021 08:49 PM PDT

    I've always been reasonably careful with my money and not wasting it, but I've definitely had some questionable spending decisions in the past, like buying more computer monitors than I strictly need because it looks cool (two helps my productivity, the third is a waste)... or ordering in food when I could perfectly easily make my own... things like that.

    Now everytime I spend money, I think of the bitcoin I could be buying instead, and the appreciation of that value vs wasting it in the moment. I consider the prices of things much more carefully than before. It's kind of profound... I can't be the only one who expirences this change in thought?

    submitted by /u/CombatWombat476
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    United Wholesale Mortgage has announced plans to become the first national mortgage lender to accept cryptocurrency for home loans.

    Posted: 18 Aug 2021 11:12 PM PDT

    United Wholesale Mortgage (NYSE: UWMC) has announced plans to become the first national mortgage lender to accept cryptocurrency for home loans.

    What Happened: CEO Mat Ishbia previewed the Pontiac, Michigan-based company's expansion into the cryptocurrency

    realm during the second-quarter earnings call on Monday.

    "We've evaluated the feasibility, and we're looking forward to being the first mortgage company in America to accept cryptocurrency to satisfy mortgage payments," Ishbia said. "That's something that we've been working on, and we're excited that hopefully, in Q3, we can actually execute on that before anyone in the country because we are a leader in technology and innovation."

    In an interview with the Detroit Free Press, Ishbia offered more details on which cryptocurrencies would be considered in transactions.

    "I think we're starting with Bitcoin, but we're looking at Ethereum

    and others," Ishbia said. "We're going to walk before we run, but at the same time, we are definitely a leader in technology and innovation and we are always trying to be the best and the leader in everything we do.

    "That's the plan," he added. "Obviously there's no guarantees – we're still working through some details. But absolutely."

    Why It Matters: One of the first homebuying deals in the U.S. involving cryptocurrency took place in 2014 with the $1.6 million sale of land in Lake Tahoe for a home site. The transaction was completed with payment via Bitcoin (CRYPTO: BTC).

    https://finance.yahoo.com/news/united-wholesale-mortgage-plans-begin-143407053.html

    submitted by /u/p_koffman
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    Partnership with Hive OS. Get 10% from your referrals' payments

    Posted: 19 Aug 2021 01:53 AM PDT

    Spinesmith (biotech company) buys BTC

    Posted: 19 Aug 2021 12:50 AM PDT

    El Salvador central bank issues proposal of its Bitcoin banking laws

    Posted: 19 Aug 2021 01:39 AM PDT

    showing some support accept BTC payments

    Posted: 18 Aug 2021 08:26 AM PDT

    Japan's Liquid Exchange Hacked, $74M in Crypto Siphoned Off - NYKNYB

    Posted: 19 Aug 2021 12:48 AM PDT

    38 Now and Lessons I wish I knew at 20,25,30

    Posted: 18 Aug 2021 04:27 PM PDT

    Financially-the earlier you start, the better. This is for two reasons-you compound investment and you get in the habit. People don't start working out at 40, and they don't start becoming savers at 50.

    Life is short-we think we will all live long. Tons of us die before 50. This doesn't mean live only for today. It means go after your dreams. Minimize regret.

    Take controlled risk-this is probably my biggest mistake. I did great with real estate, but I took the "big one" too late. I'm glad that I did, but if I had done it earlier I would be way better off. Not taking risk = risk. YOU WILL NOT BECOME WEALTHY BY PLAYING IT SAFE ALL THE TIME. YOU WILL ALSO BECOME POOR BY GAMBLING.

    There won't be a meltdown. I like the idea of gold, but there won't be worldwide chaos. Instead, wealth gets transferred. Understand there is always money being made.

    Tech and exponentially growing networks rule-I didn't understand exponential math when I was younger. Find an investment that has real upside. Investing in factories that make widgets doesn't work anymore.

    Go on your computer right now and download your expenses from last month. How much did you spend? How much of it was nonsense. Reduce it 50% -challenge yourself-and put this money in bitcoin or something you want long term.

    Consumption is overrated for the small items and underrated for the big items.

    It's trite, but do NOT time the market. An investment is a 5 year term, minimum. Most people lose because they want big gains too fast.

    Be able to explain 3 reasons that are bearish against your investment and also be able to explain why you think they are wrong. Example:

    1. Bitcoin will be banned by governments. Surprise, I think this is actually true. I do believe China will outright ban btc within 5 years. However, Europe and the US cannot due to their structure (yellen and legarde would if they could).

    2. Alt-coins will take away market share from bitcoin. Surprise! I agree. However, like gold, the need of a SOV will flow to bitcoin. I do not believe that multiple SOVs exist in any market. Dollar, gold, etc. There is usually one. I also see the crypto system using BTC as the settlement layer as it's rules are well established and in code.

    3. Tether will bring down the entire system. I think tether has problems and the market share being taken by other stablecoins is telling. However, should Tether be found to be a fraud, all the money would flood as fast as possible to buying btc, not selling it. People get rid of bs assets as fast as possible before they become worthless.

    Your friends aren't you. Many people are happy with netflix, taco bell, and a flat screen tv. Amazon and Tesla made people huge sums of money. The world kept on ticking.

    submitted by /u/throwaway29801A
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    Bought more BTC and HODL 5 years... I'm right?

    Posted: 19 Aug 2021 04:01 AM PDT

    So I'm 17 and I decided to buy more and HODL.

    submitted by /u/Additional-Post-4065
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    ⚡ Lightning Thursday! August 19, 2021: Explore the Lightning Network!⚡

    Posted: 18 Aug 2021 11:08 PM PDT

    The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

    Here is the place to discuss and learn more about lightning!

    Ask your questions about lightning

    Provide reviews, feedback, comparisons of LN apps, services, websites etc

    Learn about new LN features, development, apps

    Link to good quality resources (articles, wikis etc)

    Resources:

    submitted by /u/rBitcoinMod
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    Liquid, a Japanese exchange, has been hacked today, losing 80 million USD of funds. There are now a total of 52 exchange hacks since 2011, with a total loss of around 2.1 billion USD.

    Posted: 19 Aug 2021 03:04 AM PDT

    Finally got 2.1 BTC

    Posted: 18 Aug 2021 01:55 PM PDT

    But unfortunately I lost my keys

    submitted by /u/Soft-Spring9843
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    What happened with Emaweni Primary School

    Posted: 19 Aug 2021 02:17 AM PDT

    In 2016 a standard electricity smart meter was installed for the primary school in SA, only with a difference. It was fitted with a Btc address so anyone in the world could donate to that address to supply energy for the school. Once the payment hit the wallet the lights would come on.

    I thought this was fantastic as it meant no sending money to an organisation where some funds can be lost due to charges, admin fees and corruption and I wanted to know if anyone knew how this project was going as I cannot really find any updated information.

    submitted by /u/JunglistMovement95
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    2021: Why Bitcoin over Gold?

    Posted: 18 Aug 2021 11:40 PM PDT

    Would you do Compass's Mini Bundle? [Advice]

    Posted: 19 Aug 2021 01:19 AM PDT

    Hello guys,

    Running a node doesn't feel contributional enough for me anymore. What's your take on Compass recently announced mini bundle? I did some math and if I'm correct. My agenda for doing this is not becoming rich, but supporting the network and make little btc on the side. My question. Is my annual profit going to cover their hosting fees long term?

    submitted by /u/Leader92
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    (Bitcoin Fixes This) Afghanistan has 22 tons of gold in a New York vault.

    Posted: 18 Aug 2021 12:45 PM PDT

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