Bitcoin Daily Discussion, November 24, 2021 |
- Daily Discussion, November 24, 2021
- Fiat is an environmental disaster. Bitcoin fixes this
- This tweet really made me think, and then realize, Bitcoin is the first thing we can own.
- Bitcoin Will Reach $500K In Five Years As A Result Of Institutional Purchases, Says Cathie Wood
- Trying to shill Bitcoin in 2010.
- Brilliant explanation of why Bitcoin Bonds are a great idea.
- The Bitcoin Network Has Handled More Volume Than PayPal in 2021
- Morons in r/Technology and r/Futurology at it again
- Saylor: "Bitcoin Will 100 X From Here" ( $5,000,000 Bitcoin )
- Just bought my first 0.0016 BTC
- For those of you who are going to HODL until you die, do you at least use your crypto assets for something useful, such as borrowing against it or lending some out with interest?
- India HAS NO PLANS to BAN Bitcoin as an asset class. Only as payment method (protect their CBDC)
- REMINDER: Put your Face ID ON for google Authenticator.
- How I almost lost all my savings.
- Turkish Citizens look to Adoption of Bitcoin in Response to Violent Decline of National Currency
- I've seen a lot of posts asking if quantum computers could compromise Bitcoin's private key security. I thought this might provide an insight on how safe 256-bit encription really is.
- Lawrence Lepard Gives An Amazing Bitcoin & Sound Money Speech At New Orleans Conference: Oct 21 2021
- I let an AI paint what it thinks of Bitcoin. These are the best two results.
- People here say HODL while also celebrating spending BTC on goods that can be bought with fiat
- Morgan Stanley Funds Adding to Bitcoin Exposure, SEC Filings Show
- Volcano �� Bonds
- El Salvador: Who Needs the IMF When You Have Bitcoin?
- Bitcoin Savings Interest Rates | Compare important features, ratings and calculate estimated annual BTC returns from 17 platforms.
- This point cannot be stressed enough but your bitcoin's security is in your hands... Please take steps to keep them safe.
- Turkey suffering from inflation is a strong call for Bitcoin
- Buy bitcoin with retirement?
| Daily Discussion, November 24, 2021 Posted: 23 Nov 2021 09:09 PM PST 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] | ||
| Fiat is an environmental disaster. Bitcoin fixes this Posted: 24 Nov 2021 07:59 AM PST
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| This tweet really made me think, and then realize, Bitcoin is the first thing we can own. Posted: 24 Nov 2021 08:42 AM PST
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| Bitcoin Will Reach $500K In Five Years As A Result Of Institutional Purchases, Says Cathie Wood Posted: 24 Nov 2021 11:25 AM PST | ||
| Trying to shill Bitcoin in 2010. Posted: 23 Nov 2021 10:41 PM PST
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| Brilliant explanation of why Bitcoin Bonds are a great idea. Posted: 24 Nov 2021 04:59 AM PST
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| The Bitcoin Network Has Handled More Volume Than PayPal in 2021 Posted: 24 Nov 2021 11:37 AM PST
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| Morons in r/Technology and r/Futurology at it again Posted: 24 Nov 2021 03:49 AM PST It is again very frustrating to see reddit's uneducated masses in r/technology and r/Futurology bash Bitcoin for a non-existing problem, claiming unhealty energy consumption. When in doubt, please remember that Bitcoin has great potential to promote green energy through making waste energy from e.g. solar usable and thus promoting the build up of green infrastructure. Bitcoin is good for our path to reduce CO2 emissions (and already consumes mostly green energy). No need even into comparing it to e.g. Christmas lights, who consume roughly the same energy or vs. the banking sector or virtually (almost) any other established industry consuming more. Valuable source here: https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf [link] [comments] | ||
| Saylor: "Bitcoin Will 100 X From Here" ( $5,000,000 Bitcoin ) Posted: 24 Nov 2021 02:54 PM PST | ||
| Just bought my first 0.0016 BTC Posted: 24 Nov 2021 04:15 PM PST | ||
| Posted: 24 Nov 2021 06:56 AM PST I've been buying since 2017 and have mostly HODL'ed, cashing out a couple tiny amounts, but putting most of it back. I've been offered the opportunity to borrow against it from my exchange but declined. I looked into lending but heard borrowers can and do default, and figured borrowers who borrow bitcoin likely do so because they get turned down from banks, and so I decided to not risk it. So I mostly just sit on it. What do you do? [link] [comments] | ||
| India HAS NO PLANS to BAN Bitcoin as an asset class. Only as payment method (protect their CBDC) Posted: 24 Nov 2021 05:40 AM PST
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| REMINDER: Put your Face ID ON for google Authenticator. Posted: 23 Nov 2021 06:32 PM PST I didn't even know it was an option until reading the story about the guy who had his phone stolen while it was open/unlocked. He got drained of 85k because the perps had his accounts and 2FA. FaceID or pin could have prevented this. https://reddit.com/r/Bitcoin/comments/r0inwo/85k_worth_of_crypto_stolen_in_peru_a_cautionary/ bc1qmwq6uqnskm8dqgjrmfu7kau5zjd6aquj6049sp8y0cz2rc7g0sqsyzlfwj :) [link] [comments] | ||
| How I almost lost all my savings. Posted: 24 Nov 2021 12:19 AM PST I will clarify that I am from a shithole third world country (sorry for my English) and I keep all my savings in cryptocurrency in BTC. I had 1 whole BTC (welcome to my DM, scammers). This is a lot of money for me, with my salary of $720/month. I have always believed that I am quite tech-savvy and have computer skills above the regular user. I was especially interested in security. I loved to climb in the settings, turn on all the security options EVERYWHERE, on the PC and phone - in all programs and applications. My computer was no exception, which at first was my working PC and then migrated to the basement, got a couple of cards and began to mine ETH. It all started that I downloaded a new version of the miner from a phishing site that was in the top in Google at my request. The miner mined as it should, but on the first launch, he injected an exploit into my PC (Windows 10) that gave an attacker access to Googgle Remote Desktop. And this is access to everything. This alone gave the hacker access to my entire electronic life. My Google account, passwords in Chrome. I EVEN MADE A QR RECOVERY SCREENSHOT OF Google Autenteficator AND IT SYNCHRONIZED WITH Google Photos. At 1 am I received two e-mails about the successful entry into my accounts in Binance and another local exchange in my country. But I have zeros in my accounts. My bitcoin was on my electrum, which was installed on the same PC. The only thing that saved me was that I put a password on my seed. BUT THIS PASSWORD WAS AMONG THE SAVED ON GOOGLE CHROME. An elementary substitution of each password from Chrome into electrum would give access to all my funds sooner or later. I must say that I did not immediately understand what was the matter. I reinstalled Windows but ran the same miner again, and everything was repeated. The problem was that the memory was clogged and I was losing the hashrate and I was looking for a problem in this. Once again, when I was sitting at the computer, I saw a standard notification by Chrome Remote YOUR COMPUTER IS CONTROLLED by [username@gmail.com](mailto:username@gmail.com) (this was my personal account). I understood everything. I instantly transferred all my money via phone to another address in Samourai Wallet. And the next day I was already unpacking my new Trezor. I must say that I was quite negative about hardware wallets, thinking that I had enough skills to secure myself on my PC or phone. Now I advise everyone to have a hardware wallet. TL; TR: Hackers managed to hack me but failed to steal my bitcoins. [link] [comments] | ||
| Turkish Citizens look to Adoption of Bitcoin in Response to Violent Decline of National Currency Posted: 24 Nov 2021 04:15 PM PST
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| Posted: 24 Nov 2021 01:15 PM PST
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| Lawrence Lepard Gives An Amazing Bitcoin & Sound Money Speech At New Orleans Conference: Oct 21 2021 Posted: 24 Nov 2021 11:50 AM PST
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| I let an AI paint what it thinks of Bitcoin. These are the best two results. Posted: 24 Nov 2021 04:28 PM PST
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| People here say HODL while also celebrating spending BTC on goods that can be bought with fiat Posted: 24 Nov 2021 01:10 PM PST Seems counter intuitive to me. What's the difference between selling your BTC for fiat at current prices VS spending BTC on something you can buy with fiat? [link] [comments] | ||
| Morgan Stanley Funds Adding to Bitcoin Exposure, SEC Filings Show Posted: 24 Nov 2021 06:49 AM PST
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| Posted: 24 Nov 2021 03:02 PM PST Bitcoin City is the proposed micro Dubai of El Salvador. As a citizen of this place, you will enjoy:
The bonds will be issued on Liquid Network (a bitcoin sidechain) for $1B. The smallest increment you can buy is $100, and requires you stake (tie-up) your bitcoin for 5 years. El Salvador will use $500M of that to buy bitcoin, and to buy mining equipment. The other $500M will be for city and volcano [geothermal] energy infrastructure. The bond coupon (interest rate) is 6.5% APY After 5 years, a special dividend will be awarded as they slowly begin liquidating their BTC. They plan on servicing the bond coupon (paying the interest rate to bond holders) with:
The risk/reward here for them is enormous. Will the shanty town of corrugated metal huts and its people move willingly? Will enough private capital pour in to build the homes, bring the businesses? Can President Bukele (pronounced Bū-kā-lee) be trusted to deliver? This is an incredible undertaking. If bitcoin were to say double from where it is today, they will have made the best move in their small country's history. They'll have more or less financed a city from a swamp, improved tens of thousands of lives in the area, attracted foreign investment and citizenship (which they plan on lowering requirements to ownership of 1 BTC), and proven the longterm belief that bitcoin by its nature incentives green energy along the way to reducing its own liability. Even if the bond sale itself (they do plan on 10 of them so $10B total) sells out quickly, it will be enough to capture the attention of many other Latin American countries and countries around the world. It's hard to explain what effect large lockups of BTC and subsequent buys-investment-adoption of this could have. Already we're getting late in the distribution phase and over a decade of longterm accumulation will give us a major supply shock sometime in early 2023 (most claims heretofore have been dubious, but we're getting close). For investors sitting on a surplus, I see no downside, especially ones like myself that are longterm hodlers anyway. I can't say I'm a big fan of sidechains like Liquid Network or some of Bukele's political maneuvering, but El Salvador has thought outside the hyper-imperialism that the US dollar has boxed so many desperate countries into. So I see it as a duty, then, to support El Salvador's endeavor with a small allocation of BTC to volcano🌋 bonds. Maxi's, dear reader, are like the thorns that grow when a rose is young to protect it until it flowers. Because you have to understand that ADOPTION is the most important part of bitcoin's success now. Not price, not regulation, nothing but adoption. So I implore those that bought their first hard wallet or stacked their first SATS to educate those around you and be patient with them, but relentless: https://www.spectator.co.uk/article/the-5-per-cent-of-people-who-get-to-decide-everything P.S. ⚡️ is coming —Mallardshead 🦆 [link] [comments] | ||
| El Salvador: Who Needs the IMF When You Have Bitcoin? Posted: 24 Nov 2021 10:54 AM PST
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| Posted: 24 Nov 2021 08:03 AM PST
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| Posted: 24 Nov 2021 08:58 AM PST Bitcoin is a great instrument of change, which has taken power away from the banks and centralized institutions and given it back to the people. While this great technology is catching mainstream attention and more people are HODLing bitcoin now, it is important to stress the importance of security. No one else but you are responsible for keeping it safe so take the time to learn about the various things that can be done to enhance its security. I am sharing a few measures that I have learned with time and shared with many people in the past, Use Hardware Wallet: Cold wallets are currently one of the safest ways to store your bitcoin. Invest in a hardware wallet and store your bitcoin in them. Store your Private Keys/Wallet Seed Offline and Never Share Them There is a very common saying in the bitcoin world:
This basically means that if you do not own the private keys you don't own that bitcoin. The proof of ownership with Bitcoin lies in the private keys of your wallet/address, thus keeping it safe is of utmost importance. Keep your private seeds/keys offline. Never Store your Bitcoin on Exchanges Given exchanges are the prime target of most hackers it is always advised to use exchanges only for making the trade but never for storing. Once the desired trade is made, withdraw your bitcoin and any other crypto and keep it in your personal wallet. Keep Backup While storing your private keys/Seed for your wallet, it is always a good idea to keep backup. Use separate wallets for daily use and savings While storing bitcoin, it is never a good idea to store all your bitcoin in one place. Split them into different wallets and categorize them for daily use, savings, trading, etc. This way if one wallet gets compromised the rest of your bitcoin is safe. Never click or access unverified bitcoin links This goes without saying but, avoid clicking any unverified links claiming to be investment opportunities, bitcoin giveaways, or anything similar asking for your private keys or asking you to send bitcoin. Source: Blockonomics - Bitcoin & Security: How to keep your BTC Secure [link] [comments] | ||
| Turkey suffering from inflation is a strong call for Bitcoin Posted: 24 Nov 2021 09:58 AM PST Turkey has suffered a lot by inflation since a few years but it has gotten a lot worse recently. Especially average people are losing savings because of inflation. It is really sad and right now, it's very important to avoid inflation in Turkey. Gold is not very convenient to exchange and Bitcoin can help a lot here. Unfortunately, Erdogan is against Bitcoin but it won't prevent Bitcoin from having success. [link] [comments] | ||
| Posted: 24 Nov 2021 12:17 PM PST I have a old Boeing 401(k) that is just sitting there. Is there a way to transfer the money out of it into a IRA or something that supports bitcoin? That way I could obviously buy more bitcoin? [link] [comments] |
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