Bitcoin Daily Discussion, October 30, 2021 |
- Daily Discussion, October 30, 2021
- Steve Wozniak: Bitcoin is Pure, Dollars are Artificial
- Bitcoin and lightning have just done something fiat couldn’t for me
- Today is my birthday
- in time, nobody will care about being a millionaire. it will be about having a full bitcoin.
- DO NOT PUBLICLY POST YOUR BITCOIN HOLDINGS
- Am I crazy for holding 90% Bitcoin and 10% cash?
- Found paper QR code I received in 2014 with Bitcoin… I found the wallet. How do I retrieve?
- Plan B
- My Bitcoin Pumpkin Carving Submission
- Don’t wait to buy bitcoin buy bitcoin then wait
- Today it is my task to present to you a bird's eye view of The Saylor Series
- Janet Yellen Promises $2.8 Trillion in Spending Proposals Likely to 'Push Inflation Down'
- “Who would pay $100k for a bitcoin?”
- Indian pay $3.5 Billion to banks every year as "foreign exchange fees". This is just banks ripping people off to send money across border. Crypto will destroy this income stream, thats why Indian banks are trying their best to limit people from accessing crypto
- "Bitcoin is Mathematical Purity" - Steve Wozniak (Apple CoFounder)
- Euro Inflation = 4.1%, Interest Rate = 0% - do your math !
- 4 million Bitcoin lost forever
- The Lightning Network is About to Change the World
- Plan B - Bitcoin Will Hit $5 Million in 2025
- Texas Republican Representative Plans to Make the State a Cryptocurrency Hub
- Tokyo court confirms Mt. Gox BTC refund notice
- "It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy." Satoshi Nakamoto
- What are the risks of exposing my bitcoin wallet address in social media?
- Got some BTC. Got a newborn. Got a car payment. Cash out some and pay off car for quality of life or keep fighting the good fight?
| Daily Discussion, October 30, 2021 Posted: 29 Oct 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. [link] [comments]  | ||
| Steve Wozniak: Bitcoin is Pure, Dollars are Artificial Posted: 29 Oct 2021 09:43 PM PDT
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| Bitcoin and lightning have just done something fiat couldn’t for me Posted: 30 Oct 2021 01:37 AM PDT My mom flown all the way from Asia to Europe to see me this morning. She has a prepaid phone with some money in it. All the money got burned the moment she landed because she forgot to turn off data roaming. She couldn't recharge the phone as she's super low tech and now in a foreign country. Luckily, a fellow traveler texted me to let me know she couldn't contact me at all, not even receiving international calls because the phone is out of cash for roaming. I went onto bitrefill, chose Vietnam, her mobile provider, input her phone number and recharged her phone with 40k satoshi using Muun wallet. All within 2 minutes. I couldn't have done this with my credit card because the Asian service provider wouldn't have accepted my European credit card. I didn't want to jump through their KYC hoops either. Didn't have to with bitrefill. Thank you Bitcoin and lightning developers and community for making communication possible for me and my mom today! Bitcoin is for global citizens. [link] [comments]  | ||
| Posted: 29 Oct 2021 10:29 AM PDT | ||
| in time, nobody will care about being a millionaire. it will be about having a full bitcoin. Posted: 29 Oct 2021 10:34 AM PDT | ||
| DO NOT PUBLICLY POST YOUR BITCOIN HOLDINGS Posted: 29 Oct 2021 02:51 PM PDT | ||
| Am I crazy for holding 90% Bitcoin and 10% cash? Posted: 29 Oct 2021 04:11 PM PDT | ||
| Found paper QR code I received in 2014 with Bitcoin… I found the wallet. How do I retrieve? Posted: 29 Oct 2021 06:33 PM PDT How do I retrieve the BTC from this piece of paper with Bitcoin. This was back in the day where they'd put Bitcoin QR codes on pieces of promotional paper with a Bitcoin logo for adoption purposes. I found the wallet address and see the Bitcoin is still there. Is it lost for good or can I retrieve it? [link] [comments]  | ||
| Posted: 29 Oct 2021 11:47 AM PDT Well, it's Oct 29 and his estimate of 63,000 is almost spot on. How are we feeling as of now about November and December? I'm thinking a steady and constant rise to 100,000 max [link] [comments]  | ||
| My Bitcoin Pumpkin Carving Submission Posted: 30 Oct 2021 12:30 AM PDT
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| Don’t wait to buy bitcoin buy bitcoin then wait Posted: 29 Oct 2021 06:09 PM PDT | ||
| Today it is my task to present to you a bird's eye view of The Saylor Series Posted: 29 Oct 2021 06:20 PM PDT This is all in Michael Saylor's own words from the full transcripts (bottom): "It all started for us with channeling energy…releasing a latent energy in matter—we're converting matter into energy." "Technologies that are dominating today, they're dominating because they're able to deliver force faster, harder, stronger, smarter...if it's got the characteristic that it can be made harder, smarter, stronger, faster, there's something compelling about it!" "The Roman Empire is a great model for the way that human beings interact with technology and the way that they interact with a competitive world and become both antifragile and get harder, smarter, faster, and stronger!" "The Roman way: there's a certain submission to nature and the organism is greater than any one individual and any one family. It's continually refreshing itself. We have to have a constant flow of new talent, new leadership." "It's not that the Romans invented everything, it's just that the Romans stole every good idea from every civilization from the Greeks, from the Carthaginians, from the whatever that they crushed." "The basic credo of the engineer is: I look at nature and I look at the circumstances that I'm surrounded by and I use my intellect and every material and technique at hand in order to construct a better world for everyone and everything that I love." "The Romans were healthy as long as they kept tension and dynamism and this incredible competition in their ecosystem, and when they lost it, they lost their edge." "Everywhere on Earth where you see a big city, it was the center of an empire. Everywhere where you see a city that's fallen upon hard times, that's been destroyed—its empire lapsed. [It once had economic density but then lost economic density]." "Where there's an explosion of innovation and an explosion of vitality, somebody tapped into 1,000x more energy or figured out how to deliver the energy." "Everyone that's succeeded [in the history of technology]—every empire, individual, company—they all found a way to be harder, smarter, faster, stronger." "Humans triumph throughout history by channeling energy. Since 1mm years ago to today—it's really the story of intelligent people looking around for Where is the energy coming from? How do I channel it in a network in order to achieve something harder, smarter, faster, stronger?" "I want to replace 'monetary network' with energy network, because monetary energy is energy! What is money? Money is the highest form of energy that human beings can channel." "Humans prosper by channeling energy. [#Bitcoin is about to be] the most efficient energy network in the history of the world. Because the challenge of humanity is: how do I store energy and transmit energy across time and space and domain?" "I think the success of #Bitcoin and the network power ultimately is a function of the adoption, the utility, the productivity, and the inflation...If there's a lesson of history, the lesson of history is: the most organized team always wins." "Everybody that's marketing #Bitcoin, everyone working on Bitcoin technology, everyone simply HODLing Bitcoin, everybody that hates it, everybody attacking every other asset, every time another asset fails or another currency weakens it, [the passage of time]—contributes to it." "#Bitcoin is the best system in the history of the world for controlling, storing, and channeling energy, and that's why it's destined to be successful." "[On #Bitcoin as a swarm of cyber hornets]: When something is a decentralized, organic creature that is rapidly evolving and adapting, it becomes excessively antifragile because every time you kill an element of it, the elements you don't kill get that much stronger." "Ultimately, the strength of #Bitcoin comes from the fact that an individual can self-custody...in any of 200 different regulatory jurisdictions, find a jurisdiction where they will have the strongest money where they can generate the most yield and...move to that jurisdiction." "#Bitcoin's strength comes from the fact that it's being developed—it's not constrained by the lowest common denominator (the weak parts of the herd get culled out, they're being deprived of their capital), it's strengthened by the highest common denominator." "#Bitcoin is an antifragile but scalable platform serving as a store of value. The best possible circumstance would be if the entire world plunged into a war where value was dissipating in every currency everywhere at a rapid rate. And I think it describes what we have today." "Insanely great technology is when it does a thing without you doing a thing. And so if I told you: Take all your money, put it into #Bitcoin, and then you'll be rich and happy and prosperous for all of eternity without doing a single transaction—I just need it to always work." "If I can channel my energy and put it into a network and that network can be used to fund and power an endowment that will [project my values], then that #Bitcoin network...is going to be my mechanism for achieving all of my hopes and aspirations from now to eternity." "#Bitcoin is the universal language of economic truth. I think it will evolve as a unit of monetary energy. The right way to think of it is as just a standard unit of economic energy or monetary energy. An immutable, self-sovereign unit of economic energy." "I'm probably not going to sacrifice my life for the 13th iteration on smart contracts. On the other hand, if you tell me that we're about to suck all of the economic energy out of the civilization and plunge ourselves into the Dark Ages—that's worth fighting for." "I've never seen an economist say, Why don't we actually define the things that a working 22-year old is going to want to buy by the time they're 32? And here's one thing: early retirement! I want to buy early retirement by the time I'm 32. How do I do that?" "The pernicious mistake everybody makes is: they don't really think about the energy density and information density of their products, services, and assets. They're not applying conservation of energy." "When you're young, you overestimate the value of functionality and acquisition, you underestimate how expensive it's going to be to maintain things, and then you really underestimate this last issue: can you enjoy it?" "The great challenge is this paradox of the engineer versus the zookeeper: we see nature, we want to engineer a better world for ourselves, and it can be done. But we can also reach too far and try too hard and try to make water flow uphill and try to make time flow backwards." "Satoshi engineered money. Whereas every government has created money." "The greater the sharing, the greater the economy. The more immutable, the higher integrity. The higher the efficiency of the economy, the more [mathematically] correct. The more effective the economy—the faster the network updates—the faster the economy." "Gold fails [as money] primarily because there's no good application protocol. It's not conservative, it's too difficult, too slow, too dangerous." Source material: The Saylor Series | Episode 1 | The Rise of Man through The Stone and Iron Ages The Saylor Series | Episode 2 | The Rise of Man through the Dark and Steel Ages The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network The Saylor Series | Episode 5 | Channeling Monetary Energy Across Time and Space The Saylor Series | Episode 6 | Digital Gold: Harder, Smarter, Stronger, and Faster The Saylor Series | Episode 7 | The Virtues of Strong Money The Saylor Series | Episode 8 | Bitcoin and Immortal Sovereignty The Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural Competition [link] [comments]  | ||
| Janet Yellen Promises $2.8 Trillion in Spending Proposals Likely to 'Push Inflation Down' Posted: 29 Oct 2021 10:26 AM PDT
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| “Who would pay $100k for a bitcoin?” Posted: 29 Oct 2021 06:12 PM PDT It's an exchange rate, not a price tag. The exchange rate between the USD and Iranian Rial is $1 to 42,250 rial. If you had a hunch that that exchange rate was going to $1 to every $100,000, you'd probably hang onto that dollar rather than asking "who would pay 100,000 rial for a little green paper rectangle?" [link] [comments]  | ||
| Posted: 29 Oct 2021 01:09 PM PDT
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| "Bitcoin is Mathematical Purity" - Steve Wozniak (Apple CoFounder) Posted: 29 Oct 2021 08:34 PM PDT Bitcoin is mathematical purity and impossible to be copied, said Apple co-founder and 'Unicorn Hunters' Circle of Money Investor, Steve Wozniak, in an interview with Yahoo Finance on October 29. "Look at the U.S. dollar, the government can just create new dollars and borrow; it's like you never have it fixed, like Bitcoin," Wozniak told Brian Sozzi and Julie Hyman. "Bitcoin is mathematics, mathematical purity. There can never be another Bitcoin created." [link] [comments]  | ||
| Euro Inflation = 4.1%, Interest Rate = 0% - do your math ! Posted: 29 Oct 2021 09:37 AM PDT While inflation in the Euro-Zone is on a 13 year high , ECB leaves rates at zero (5.25% in 2008). Looks like fiat is destroyed deliberately. Act accordingly. [link] [comments]  | ||
| 4 million Bitcoin lost forever Posted: 29 Oct 2021 04:31 PM PDT Many have lost their Bitcoin over the years. No one knows for sure how many of those coins are gone forever or how much of that can be recovered. However, according to Chainalysis data, about 20-25% of bitcoins are believed to be lost forever. That is more than 4 MILLION BTC 🤯🤯🤯 https://www.cryptovantage.com/news/ask-cryptovantage-how-much-bitcoin-has-been-lost-forever/ [link] [comments]  | ||
| The Lightning Network is About to Change the World Posted: 29 Oct 2021 08:07 PM PDT
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| Plan B - Bitcoin Will Hit $5 Million in 2025 Posted: 29 Oct 2021 09:57 AM PDT
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| Texas Republican Representative Plans to Make the State a Cryptocurrency Hub Posted: 29 Oct 2021 07:55 AM PDT Oct. 29 (Bloomberg) -- Speaking at the Texas Blockchain Summit, U.S. Senator Ted Cruz said he and other Republican members of the Texas party want to see Texas become the center of the bitcoin world and cryptocurrency. North America's largest bitcoin mine, operated and owned by Whinstone US, located in Rockdale, Texas, has quickly become an important part of the town's economy, has added some 145 jobs, and is becoming an integral part of the community.Chad Everett Harris, CEO of Whinstone, revealed that plans are underway to to expand the mining facility to make it the largest in the world. [link] [comments]  | ||
| Tokyo court confirms Mt. Gox BTC refund notice Posted: 29 Oct 2021 09:27 PM PDT
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| Posted: 29 Oct 2021 08:28 AM PDT "It might make sense just to get some #bitcoin in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy." Satoshi Nakamoto [link] [comments]  | ||
| What are the risks of exposing my bitcoin wallet address in social media? Posted: 30 Oct 2021 02:11 AM PDT Let's say I create youtube content and want to put my address in the description to receive donations (who knows, maybe someone)... Is there any risk of my wallet being hacked? Honestly, I don't know much about this technology. [link] [comments]  | ||
| Posted: 29 Oct 2021 03:51 AM PDT EDIT: This would not be all of my BTC. Still would maintain decent position. Shit, now that I write it out, seems like a no brainer. MORE EDIT: This would be around 1/8 of my holdings [link] [comments]  |
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