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    Saturday, January 29, 2022

    Bitcoin Daily Discussion, January 29, 2022

    Bitcoin Daily Discussion, January 29, 2022


    Daily Discussion, January 29, 2022

    Posted: 28 Jan 2022 09:00 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.

    submitted by /u/rBitcoinMod
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    I dont get the whole, bitcoin is the future of money.

    Posted: 29 Jan 2022 02:23 AM PST

    You all guys keeps saying this, but in reality, nobody uses it. You always scold everyone for spending it and not keeping it. The only advice is hodl and get more. I can see the point of the technology but what is the point of buying more and hodlin but never using it and waiting for it to reach millions? Unless you start using it, its just a risky get rich making scheme, nothing else. And has nothing to do with decentralized finance and all the big words you like to use.

    submitted by /u/coalpo
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    I was there, boy, through all the crashes and new all time highs.

    Posted: 29 Jan 2022 03:20 AM PST

    Belgian politician Christophe De Beukelaer becomes the first EU official to be paid a salary in Bitcoin ��

    Posted: 29 Jan 2022 04:43 AM PST

    IMF & ���� El Hodlador

    Posted: 29 Jan 2022 07:16 AM PST

    Portnoy in

    Posted: 28 Jan 2022 12:04 PM PST

    UK is going crypto. If you can't beat it join them

    Posted: 28 Jan 2022 04:17 PM PST

    Apparently my Papa John's is THE Papa John's?

    Posted: 28 Jan 2022 04:20 PM PST

    A bill introduced in Arizona to make Bitcoin legal tender!

    Posted: 28 Jan 2022 10:43 AM PST

    Turkey’s Erdogan fires statistics chief after inflation data shows 19-year high

    Posted: 29 Jan 2022 06:53 AM PST

    Worst case scenario Biden permanently bans crypto and shuts down all CEX. What do you do next?

    Posted: 29 Jan 2022 03:26 AM PST

    1.) You sell all of your crypto (possibly at loss), cash out and never bother again.

    2.) You send all your crypto to a hot wallet like Electrum or Exodus and hodl indefinitely

    3.) You get a cold wallet, store them there and quietly use them, either on deep web or P2P generally

    4.) Move abroad, in a country where cryptos are legal

    Personally I'd go for (3) . I think its really cool trading crypto, being financially free, even if price goes downwards. What would you do in such a post-apocalyptic scenario ?

    submitted by /u/Lazy-Train4542
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    Reached 1 million Satoshis.

    Posted: 29 Jan 2022 12:39 AM PST

    I've been humbly buying BTC during dips. Seeing 1 mil Satoshis made me proud.

    submitted by /u/defpotek
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    Extreme Fear on Bitcoin

    Posted: 28 Jan 2022 10:11 PM PST

    Unpopular opinion

    Posted: 29 Jan 2022 06:17 AM PST

    The case for Bitcoin in 15 slides

    Posted: 29 Jan 2022 04:46 AM PST

    Bitcoin is the life boat. Don't miss it.

    Posted: 28 Jan 2022 08:13 PM PST

    Bill Maher continues with anti crypto monologues. "People in metaverse are jumping off virtual buildings "

    Posted: 28 Jan 2022 09:07 PM PST

    it's taken a week but by tomorrow im gonna be running a full node from my laptop (it aint much but it's hones work - wish me luck)

    Posted: 29 Jan 2022 08:06 AM PST

    Belgian member of parliament to convert entire 2022 salary into Bitcoin! Bitcoin mass adoption is increasing!

    Posted: 28 Jan 2022 08:46 PM PST

    Can you resist the temptation to sell ?

    Posted: 28 Jan 2022 11:28 AM PST

    ATTN: Despite BTC supply on exchanges hitting all time lows, BTC was still being dumped through Wrapped bitcoin tokens being minted in the thousands at a time and moved to exchanges.

    Posted: 28 Jan 2022 06:56 PM PST

    Many bitcoin owners don't seem to be aware of the huge surge in "Wrapped" BTC in recent months which also coincided with the crash. While real BTC on exchanges is reaching lows, Alameda Research is flooding exchanges with "Wrapped Bitcoin" at a growing rate to artificially dilute supply. This is contributing to the price suppression in recent months despite the supply decline:

    https://i.imgur.com/RS2Jvha.jpg

    Look at the dates where they move their WBTC to exchanges then look at the charts.

    WBTC is claimed to be mainly for "defi" on ethereum and other platforms, but if that was the case, why are they being moved straight to centralized exchanges (specialls FTX and Huobi) right after their minting?

    Even more interesting, there have never been any "burning" of the WBTC back into real Bitcoin.

    And of course, while they claim WBTC is backed 1:1 with real bitcoin, we have no way of knowing if the real bitcoin in custody isn't also being lent. This basically dilutes the supply of bitcoin eliminating the aspect of scarcity.

    submitted by /u/wastedyears8888
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    Will this really happen

    Posted: 29 Jan 2022 08:09 AM PST

    It appears that Russia may course correct and adopt a friendlier regulatory stance towards #bitcoin and other cryptocurrencies.

    https://www.btctimes.com/news/putin-reconsider-ban-on-cryptocurrency

    submitted by /u/Carmen156
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    My Mt Gox yubi key from 2012. Does anyone else have any other relics from the past?

    Posted: 28 Jan 2022 09:40 PM PST

    CBS News aired a short documentary on Bitcoin this morning! We are orange pilling the normies!

    Posted: 29 Jan 2022 06:05 AM PST

    Arizona has introduced a bill to adopt Bitcoin as legal tender

    Posted: 28 Jan 2022 10:56 AM PST

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