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    Home Unlabelled Bitcoin Mentor Monday, October 04, 2021: Ask all your bitcoin questions!

    Bitcoin Mentor Monday, October 04, 2021: Ask all your bitcoin questions!

    October 04, 2021

    Bitcoin Mentor Monday, October 04, 2021: Ask all your bitcoin questions!

    Mentor Monday, October 04, 2021: Ask all your bitcoin questions!

    Posted: 03 Oct 2021 11:10 PM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    Daily Discussion, October 04, 2021

    Posted: 03 Oct 2021 10:02 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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    "Bitcoin soon to become legal tender in Brazil", says congressman as "Bitcoin Law" passes committee and is expected to be approved by the brazilian Congress.

    Posted: 03 Oct 2021 09:51 AM PDT

    It’s not the US or China that will ultimately decide bitcoins future… it’s the gathering smaller nations adoption that will make it undeniable and inevitable. This is how revolutions begin

    Posted: 04 Oct 2021 12:33 AM PDT

    Top 3 jokes get 1,000 sats each

    Posted: 04 Oct 2021 02:11 AM PDT

    No memes this time, text only. Has to be Bitcoin related, something within the scope of this sub. Converting existing jokes into Bitcoin jokes is allowed. You can write as many jokes as you want, you can even win all 3,000 sats if you have the top 3, but make each joke a unique reply.

    I will let the community decide the top 2 by votes and I'll pick the last 1. Sats sent via lntip here on reddit. Contest is over in 12 hours. Runners up may get a couple sats their way as well.

    submitted by /u/yankthrough
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    Bitcoin fixes this: Pandora Papers leak, bigger than the Panama Papers, continues to expose how the system is rigged

    Posted: 03 Oct 2021 11:15 AM PDT

    Poised To Be A World Leader In Bitcoin And Blockchain. Texas has seen the upside of China’s decision to cancel bitcoin mining, in what set off the ‘Great Mining Migration’ to Austin, Texas.

    Posted: 03 Oct 2021 04:46 PM PDT

    Snowden on Bitcoin recently

    Posted: 03 Oct 2021 11:14 PM PDT

    Bitcoin to be legal tender in Brazil after El Salvador - TheDailySats

    Posted: 03 Oct 2021 11:58 PM PDT

    3 million salvadorans are already using chivowallet

    Posted: 03 Oct 2021 05:52 PM PDT

    Survey: 48% Of Brazilians Want To Make Bitcoin A Legal Currency | Nasdaq

    Posted: 03 Oct 2021 10:54 AM PDT

    El Salvador Mines First Bitcoin With Volcanic Energy

    Posted: 04 Oct 2021 04:39 AM PDT

    ⚡⚡⚡It took 2 and a half years for the LN to grow from holding 1000 to 2000 bitcoins. Two months later it has now reached 3000.⚡⚡⚡

    Posted: 03 Oct 2021 07:41 AM PDT

    robert kiyosaki vs. mike saylor

    Posted: 04 Oct 2021 03:11 AM PDT

    On one hand robert kiyosaki is saying 24,000 is happening oct 7 because of a national shortage of money. Mike saylor is saying 100,000 is near. Who to trust? I'm going to say Mike only because of a simple fact of Mike being so far in Bitcoin

    submitted by /u/Content-Courage7190
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    Finally buying a hardware wallet

    Posted: 04 Oct 2021 03:37 AM PDT

    After being in the Crypto space for almost 4 years now, I have finally gotten a hardware wallet. Have had all my coins in exchanges all these years and it feels GREAT to finally own my private keys en backup phrase. Let's get it ladies and gentlemen Crypto is the future!

    submitted by /u/SvenRobbie
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    Short-Term Mindset — People Are Not Interested in Buying Bitcoin at $41K, but Rush To Buy at $47K. It is time to switch to a long-term mindset with Bitcoin.

    Posted: 04 Oct 2021 02:31 AM PDT

    House

    Posted: 04 Oct 2021 02:28 AM PDT

    hello community, I just thought about this one thing if you get to possition when you can sell all your bitcoin and buy a house ( not investment house just for living), would you do it? Personally i would not but if i get to that possition i know i will think about it and i would be keeping myself from selling because thats the path i wanna choose. So i guess what am I asking is ,was someone in that posssition and if yes how did you overcome it. Thanks for answers and sorry for bad english. :)

    submitted by /u/okinek
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    Michael Saylor's arbitrage plan: borrow against your btc.... what's next?

    Posted: 03 Oct 2021 10:29 PM PDT

    1. Michael Saylor has advocated that you should buy BTC with all your money. If you need money to pay rent, you borrow against your BTC. As long as BTC appreciation rate is higher than the interest rate, you can continue borrow money the next year, using the new borrowed money to pay the loan from preceding year and continue this practice indefinitely.
    2. I think the benefit of this is you don't pay tax and you can use the money for living. But I want to know the second half of the story.
    3. Assuming BTC does appreciate forever at a rate higher than the interest rate as Michael hypothesized(that's a big if).
      Now my question is when I die, I could have something like 500k dollars worthy of BTC as my assets and 400K dollars worthy of debt.
      If I want to give the BTC to my child after my death, what about the debt? Will my child also take over the debt? Will the bank subtract my debt from BTC and only give my child the rest (capital gain tax involved?)? If I put the BTC in a trust, will there be any difference?
    4. I am too lazy to figure out the US tax codes etc. And I know anything you say is not a financial or legal advice.
    5. Do not pm me with your brilliant idea. I only respond in public post. Thanks
    submitted by /u/AllenDo
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    Honestly, didn't see Bitcoin mining with the power of a volcano becoming a thing, but volcanode is now a thing and it's amazing. El Salvador has already mined $300 and more green BTC is coming! What do you have to say to that, Elon Musk?

    Posted: 03 Oct 2021 09:40 AM PDT

    Global banks serving oligarchs, criminals and terrorists. Files show trillions in tainted dollars flow freely through major banks.

    Posted: 03 Oct 2021 11:40 AM PDT

    Futures-based Bitcoin ETF has ‘75% chance of approval’ in October — Analyst

    Posted: 03 Oct 2021 09:56 PM PDT

    Rising inflation and low interest rates have family office investors seeking opportunities in digital assets.

    Posted: 04 Oct 2021 03:18 AM PDT

    BTC enthusiast's political standpoints.

    Posted: 04 Oct 2021 04:51 AM PDT

    I am curious to see what the majority political opinion is of the members of this group. Are you socialists, conservatives, libertarians, or even Marxists? Or none of the above. My guess is Libertarians due to the decentralised nature of BTC and cryptocurrency in general.

    submitted by /u/adubiousspeculation
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    Fighting Monetary Colonialism With Open-Source Code

    Posted: 03 Oct 2021 08:21 PM PDT

    Bitcoin for cash GBP in the UK

    Posted: 04 Oct 2021 12:48 AM PDT

    Hi Guys I would like to buy BTC and pay with cash.

    I want to find someone to meet face to face, I buy BTC to my wallet with cash GBP.

    Is it something people do?

    Is it not dangerous?

    What precautions should be in mind?

    Did anyone done this before?

    Would you recommend it?

    I'm in London UK.

    Thank you.

    submitted by /u/mptcloud
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    It's the time of the year

    Posted: 03 Oct 2021 11:45 AM PDT

    Q: Is the book, "The Blocksize War: The battle over who controls Bitcoin’s protocol rules" worth reading?

    Posted: 04 Oct 2021 05:14 AM PDT

    Hi everyone, I am really interested to learn more about the block size wars and the soft/hard forks that happened within the Bitcoin community. The book mentioned in the title seems to have a pretty high rating but I was wondering if any of you read it and would love to hear your opinion on it. Preferably I would like to read something that looks at the block size wars objectively.

    Would you recommend this book? If not, what other sources can you point me to?

    I would appreciate all suggestions, thanks!

    submitted by /u/Cruxicil
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