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    Thursday, August 26, 2021

    Bitcoin ⚡ Lightning Thursday! August 26, 2021: Explore the Lightning Network!⚡

    Bitcoin ⚡ Lightning Thursday! August 26, 2021: Explore the Lightning Network!⚡


    ⚡ Lightning Thursday! August 26, 2021: Explore the Lightning Network!⚡

    Posted: 25 Aug 2021 11:06 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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    Daily Discussion, August 26, 2021

    Posted: 25 Aug 2021 10:01 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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    I have been with Coinbase for nearly 8 years. Recently, Coinbase decided to "review" my account for the 100th time, without cause or explanation. They have restricted me from trading for 3 months during a volatile bullmarket. Coinbase is now CENSORING my posts. More info in comments.

    Posted: 25 Aug 2021 01:21 PM PDT

    Copy-pasted from my recent /r/Coinbase submission, which was deliberately removed (censored) by /u/coinbasesupport.

    Screenshot of Coinbase's censorship

    The original content:

    ---

    I am posting this to warn other long-time and fully verified Coinbase customers. You should know your loyalty means nothing to Coinbase. I have been with Coinbase almost from the start of their exchange, but Coinbase is treating me like I just arrived. My account has been fully verified and fully KYC-compliant from the beginning, but Coinbase just blocked me from trading and funding my account for no reason at all.

    Approximately four weeks, I created several threads on Reddit about a notice I received from Coinbase. The notice stated an upcoming (yet unexplained) account review during which I won't be able to trade or fund my account. Withdrawals wouldn't be affected. Naturally, I have withdrawn everything from Coinbase.

    On Reddit, /u/coinbasesupport publicly promised to expedite my case and get back to me within five business days. That was nearly four weeks ago. They never resolved my case and instead just close my original case (case ---).

    I created another ticket and a thread on Reddit in response. Same thing happened: public promises–but no action.

    Several days ago, I received an auto-generated email from Coinbase requesting information and supporting documentation in order to, for the 100th time, verify my account. I sent all the required information within one day of receiving that request. No problem because, like previously stated, I have been fully KYC compliant since day one.

    I just received another Coinbase email where they state that, despite having received all the information and documentation they requested from me, the account review still may take up to 3 months! So I basically wasted the past month communicating with Coinbase and creating threads on Reddit. I highly doubt a real person has read a single of my emails in full. This is beyond frustrating and is borderline criminal behaviour.

    There is nothing I did that could have triggered this "review", so all I can do is speculate. For example, is Coinbase trying to manipulate the market by disabling certain accounts from trading? Coinbase's behaviour is negatively affecting the entire crypto industry; it's causing people to lose trust and confidence in so-called regulated exchanges. What point is there in giving up all my personal information when you decide to ignore it anyway?

    In before /u/coinbasesupport asks for a ticket ID: there is no ticket ID for the account review because it was initiated by Coinbase. I already replied to that email with all the requested information. I uploaded the requested documentation via SendSafely. You can use the SendSafely ID to link it to my case, which is:

    (---)

    I also created a fresh ticket where I ask my case to be expedited (because you promised four weeks ago). The new ticket ID is (---).

    It's a shame that this is how Coinbase treats its long-time and loyal customers. It shows that "loyalty" to Coinbase isn't worth anything to the company.

    Looking forward to hearing from you. But just to be on the safe side, I don't expect to be hearing from you at all.

    submitted by /u/KajinMitan
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    Gary Gensler the Chairman of the SEC recalls how his dad always carried Gold coins, diamonds and a gun because he didn’t trust the government.

    Posted: 25 Aug 2021 08:13 PM PDT

    “EU will make Bitcoin traceable and ban anonymous crypto wallets in anti-money laundering drive”

    Posted: 25 Aug 2021 05:21 AM PDT

    Three Months After the China Ban, Bitcoin Shines Brightly While Being Rid of Its Biggest Handicap. China will regret its decision in the future.

    Posted: 25 Aug 2021 12:09 PM PDT

    The year is 2040

    Posted: 25 Aug 2021 08:13 PM PDT

    You tell your 18 year old son he should start saving for retirement. Even if he invests 5 dollars worth of Bitcoin a week he will be able to retire comfortably. "But dad Bitcoins price is 10 million a coin! " you tell your son a single Bitcoin can be split into a quadrillion fractions. He smiles and buys 10$ worth of Bitcoin on Coinbase. You open up the doors to your mansion and get in your Lambo. You were one of the lucky ones who bought Bitcoin under 100,000.

    submitted by /u/gford333
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    Thought about something today. Just did a 15 year refi on our home. We were thinking about putting the savings back into the mortgage to get the house paid off quicker, but what if I put that savings into BTC every month for the next 10 to 15 years. Does this seem crazy

    Posted: 25 Aug 2021 12:17 PM PDT

    Companies Now Hold Over 1.6 Million Bitcoin, Almost 8% Of Total Supply

    Posted: 25 Aug 2021 01:22 PM PDT

    Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion - News

    Posted: 25 Aug 2021 11:33 PM PDT

    The Genesis Block (video documentary rough draft using uberduck.io for voice over)

    Posted: 26 Aug 2021 12:24 AM PDT

    New El Salvador Bitcoin Channel: Aiming to Help Regular Salvadorans Understand Bitcoin

    Posted: 25 Aug 2021 03:44 PM PDT

    Hi Folks!

    We're a new channel in El Salvador who exist to educate regular people on how Bitcoin and cryptocurrency works. This is our first video which was made for people in El Salvador who don't understand how Bitcoin works. We call it the "two minute version for Grandma".

    We will release more videos to report on how Bitcoin adoption is going in El Salvador. Next, we will release a version with English subtitles on Monday.

    In the mean time - if you are pro-Bitcoin & are interested in 'liking' the video and subscribing - it would help us to reach more people in El Salvador and Latin America. Bitcoin in El Salvador will only work if regular Salvadorans understand Bitcoin and get onboard.

    Check out the link here: https://www.youtube.com/watch?v=uDkZa6Z-gZg

    Thank you!

    submitted by /u/bitcoinboys_sv
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    As the price of Bitcoin surges, so does the number of Bitcoin ATMs

    Posted: 25 Aug 2021 07:00 PM PDT

    Things Bitcoin will never fix. Your golf game...

    Posted: 25 Aug 2021 11:06 AM PDT

    21 million members

    Posted: 25 Aug 2021 10:57 AM PDT

    I often refresh this sub to see how many new members have been added. I like to see us inch closer to 21 million.

    I remember when it was just 1 million.

    To the future 🥂

    submitted by /u/LimeyBastard77
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    It’s a black hole not a rabbit hole you just get sucked into it

    Posted: 25 Aug 2021 08:17 PM PDT

    I can't think of anything else except bitcoin. I've got a day job to do how do I focus on that i just can't stop thinking about bitcoin all the time

    submitted by /u/SpiritualPatience728
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    Can someone create a reddit bot for when someone asks for a non KYC wallet?

    Posted: 26 Aug 2021 01:51 AM PDT

    That automatically replies that a KYC wallet is not a wallet, but an exchange account? Specially relevant for r/BitcoinBeginners

    submitted by /u/tasmanoide
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    Think you're not early? Read the "best" comment on this post over in r/technology. "Don't change your business model, change how people pay for services." It's incredible how not one person mentioned Bitcoin and how this wouldn't have been a problem with it.

    Posted: 25 Aug 2021 10:06 AM PDT

    The real victims of mass crypto-hacks that keep happening. Hundreds of millions in Bitcoin and other digital coins are being stolen by hackers almost regularly. At least $2.3bn since Mt Gox. BBC speaks to victims of the latest $100m Liquid hack and asks why crypto platforms are so badly secured.

    Posted: 26 Aug 2021 12:10 AM PDT

    Bitcoin Futures ETF Likely To Be Approved In October: Bloomberg Analyst

    Posted: 25 Aug 2021 10:45 PM PDT

    El Salvador Could Set Precedent for Bitcoin Remittance Payments

    Posted: 26 Aug 2021 12:51 AM PDT

    You’ve probably heard Bitcoin is “too volatile” to ever work. In reality, this is the value of the U.S. dollar over time

    Posted: 25 Aug 2021 12:55 PM PDT

    How does the tax payment works in America?

    Posted: 26 Aug 2021 03:52 AM PDT

    Hi, I moved out from China with my mining rigs, and I would like to mine in America. I've heard that mining in USA should pay tax for it and I would like to obey the regulations, but I don't know exactly how. Some tips would be appreciated. Thanks in advance.

    submitted by /u/Charming_Strike_244
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    A Rare Look Inside America's Largest Bitcoin Mine...

    Posted: 26 Aug 2021 03:41 AM PDT

    Gundlach: We're running our economy 'like we're not interested in maintaining global reserve currency status'

    Posted: 25 Aug 2021 11:56 AM PDT

    PayPal to branch Bitcoin buy/sell service out to the UK but still WON'T allow customers Withdraw Bitcoin to Wallets.

    Posted: 25 Aug 2021 05:32 PM PDT

    It's rather odd to see them prioritize pushing out their service out to the UK when the most important feature is yet to be implemented. The ability to withdraw Bitcoin into cold storage but self custody seem to be on the lowest of their priority.

    I've heard rumors of their plan to allow merchants to accept Bitcoin but with will keep it and pay the fiat exchange rate to the merchants. I wouldn't be posting this thread if more people talked about this, but so far I've witness very few criticism of Paypals actions. Why would a feature of this size be seen as less important than giving people nothing beyond "exposure" and letting them sell it. Cashapp who's a much smaller company in size allows you to buy, sell and now withdraw your Bitcoin, theres a daily limit but it's an option that Paypal doesn't think is important to people buying it.

    My grip with that company is not the same as many others who now realized their mistake of buying Bitcoin on their app before understanding Bitcoin. My issue is the fact that I'm stuck with Coinbase, while they allow you to withdraw your Bitcoin into a wallet, that particular exchange comes with a host of problems that I'm sure we're all familiar with. I couldn't use my account for 2 whole months before getting a real human to talk to and review my account. Terrible customer service. Bad transaction fees. KYC was nightmare and now that my only form of ID is expired, I'm left with them.

    PayPal can not only mitigate these issues with the convenience it provides the millions of KYC approved clients who already registered to their service, they also easily speed up adoption rate because of this fact alone. So don't see what's keeping them from letting people have the option of actually owning their Bitcoin.

    submitted by /u/AdhesivenessOk9106
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    Clean energy bitcoin mining facility facing final approval that will use excess power from nuclear plant in Northeast Pennsylvania

    Posted: 25 Aug 2021 06:19 PM PDT

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