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    Bitcoin Daily Discussion, February 08, 2022

    February 08, 2022

    Bitcoin Daily Discussion, February 08, 2022

    Daily Discussion, February 08, 2022

    Posted: 07 Feb 2022 10:12 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/SomeBrokeChump
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    Alright, which one of you just passed me?

    Posted: 07 Feb 2022 04:53 PM PST

    Tucker Carlson: Governments can't control Bitcoin

    Posted: 07 Feb 2022 06:48 PM PST

    Dont trust the Banks. Buy Bitcoin #bitcoin

    Posted: 07 Feb 2022 08:42 AM PST

    Prime example of Bitcoin FUD “Significant bug has been discovered” ��

    Posted: 07 Feb 2022 04:14 AM PST

    Bitcoin "Pump it up" mood

    Posted: 07 Feb 2022 11:48 AM PST

    It’s coming

    Posted: 07 Feb 2022 07:39 AM PST

    "Meta" situation just shown why BTC is important

    Posted: 07 Feb 2022 10:10 AM PST

    Mr Mark "The Lizard Alien" Zuckerberg just threatened he will shut down Facebook and Instagram for Europe due to the GDPR.

    Shutting down FB is honestly not that bad (aside of logins associated with it on other sites), but it clearly shows what CEO can do to you and how much power he can have. Now imagine if Google done the same - say, shutting down Google in China for whatever reason (oh wait)...

    This should be a lesson to everyone - centralized projects are a risk, no matter if it's so called crypto, banks, governments or various platforms.

    Having no CEO, presidents, ministers solves this. BTC solves this.

    submitted by /u/Lord_DF
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    Anyone ?

    Posted: 08 Feb 2022 12:57 AM PST

    Jack Dorsey’s Cash App Integrates Bitcoin’s Lightning Network

    Posted: 07 Feb 2022 02:03 PM PST

    True?

    Posted: 08 Feb 2022 12:50 AM PST

    I Just Orange Pilled A Wealthy Friend!

    Posted: 07 Feb 2022 01:34 PM PST

    I Just Orange Pilled A Wealthy Friend!

    I had dinner with a friend on Saturday night, who is a man of financial means, and who was curious about Bitcoin. Over the course of an hour, ​I ​took him deep down the rabbit hole​!​

    He said he has been heari​​ng about Bitcoin, but didn't really know anything specific about it​ and let me go on at length about how convinced I am that Bitcoin is revolutionary on a number of levels, and that it feels inevitable that it will succeed.

    ​While I know I still have so much to learn, I was happy to find that my many hours of studying Bitcoin came in handy​,​ as I covered topics such as:

    • Why the tech is so amazing, having brought together years of work by many people, into a single incredible solution (​​especially how it solved the "Byzantine Generals Problem" related to double spending).
    • ​Bitcoin's decentralized nature, and how it is incomparable to any shitcoin, and how​ this makes it nearly impervious to being changed by any possible attacker (governments, ​bad actors, ​etc)
    • How it is deflationary, and capped at 21 million Bitcoin (vs the unending supply of fiat currency).
    • The transparency of the Blockchain and how it is a single source of ongoing truth, which ​is protected ​by those running nodes.
    • How game theory ​is built in, already playing out, and will ​continue to ​increase among governments, businesses, individuals, and more.
    • My belief in the inevitability of Bitcoin as the native currency of the Internet; something that has not existed prior to now.
    • How El Salvador has adopted Bitcoin as legal tender, with other countries expected to do the same in the future.
    • How Millennials will be inheriting significant wealth over the next few years and are very comfortable with tech and spending on digital goods, and who largely feel that the current economic system is not going to help them succeed financially.
    • How it is "Number Go Up" technology, as there will always be limited supply, and demand will continue to grow year after year.
    • How there are billions of unbanked people around the world who can adopt Bitcoin.
    • How Bitcoin is divisible so you can buy Sats vs having to only buy full Bitcoins, which is similar to if you could buy, say, 1/1000th of a building in New York City (which you can't do).
    • How Bitcoin is digital property and something that you may never want to give up, due to its scarcity, possibly passing down to your descendants defendants (as you would other property if value that is unique and rises in value over time (such as things like real estate, or fine art).
    • How Bitcoin can move out time preference, as if people have a place to store the value of their work/efforts, then they can spend time creating work of real value vs having to make higher risk investments to try to outpace ongoing inflation (which takes away the value of their fiat money year after year).
    • That large financial companies, such as Fidelity, are starting to inform their customers about the potential value of Bitcoin.
    • That some even think Bitcoin could help reduce wars.

    ​I never told him to buy, or that he'll get rich, but to do his own homework and make his own decision**.​**

    ​He asked, is there a book or something I should start with​ and I recommended "The Bitcoin Standard".

    ​When we were leaving the restaurant I said "You will thank me some day".

    The next morning he sent me a picture of himself holding "The Bitcoin Standard", having gone out first thing in the morning to buy it. (-:

    ​

    https://preview.redd.it/fhgdomedchg81.png?width=484&format=png&auto=webp&s=e4f96c2e389fdd44b900a3a773b632f8049fe1ef

    submitted by /u/MrBones2k
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    KPMG in Canada adds Bitcoin and Ethereum to its corporate treasury

    Posted: 07 Feb 2022 08:56 AM PST

    Modern ASICS use energy 40,000% more efficiently than they did a decade ago. No mention of this trend amongst mainstream talking points.

    Posted: 07 Feb 2022 11:03 PM PST

    El Salvador beats the whole world in search for Bitcoin. (they will find out you only can mine it, not find it)

    Posted: 07 Feb 2022 03:45 PM PST

    Canadian trucker protest bypasses restrictions with bitcoin

    Posted: 07 Feb 2022 01:10 PM PST

    Valkyrie Bitcoin mining ETF “WGMI” approved for NASDAQ listing! This week, Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq.

    Posted: 07 Feb 2022 07:46 PM PST

    there's absolutely no way to access my bitcoin if....

    Posted: 07 Feb 2022 07:03 PM PST

    So let me get this straight.

    I buy a hardware wallet (ex. Trezor).

    Do the initial installation/activation.

    Let's say I don't even write down the recovery seed. I intentionally forget it in my head.

    I transfer some BTC into my hardware wallet (trezor).

    Then I purposely throw out the hardware wallet (trezor) into the ocean into the deep ocean.

    Basically, you can say that it's impossible now to access those BTC. It's basically gone, other than someone guessing the recovery seed (but I read that, that is humanely impossible)?

    Trezor can't help. no one can help. no way to retrieve those BTC.

    submitted by /u/argentfan
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    I'm getting married today, this is my henna

    Posted: 07 Feb 2022 08:41 PM PST

    #BITCOIN ♥️❣����

    Posted: 07 Feb 2022 09:42 AM PST

    Nasdaq Will List Valkyrie’s Bitcoin Mining ETF On Feb. 8 | Nasdaq

    Posted: 07 Feb 2022 08:27 PM PST

    Average Bitcoiner today

    Posted: 07 Feb 2022 11:31 AM PST

    Hey everone! I made a small bitcoin logo animation, my small contribution to the network

    Posted: 07 Feb 2022 11:05 AM PST

    Bitcoin Awareness Is a Matter of Time and Is Built in Difficult Times. Only a crash in the price of Bitcoin can really test your strength of belief in Bitcoin.

    Posted: 07 Feb 2022 11:11 PM PST

    Lightning Network is now available on Cash App. It's the fastest, free way to pay anyone in bitcoin. Buy tacos, tip your favorite Twitter comedian, or send a friend money abroad—anywhere that accepts lightning.

    Posted: 07 Feb 2022 12:44 PM PST

    Cryptocurrency Ads Are Ready to Takeover Super Bowl

    Posted: 07 Feb 2022 11:31 PM PST
    Read more
    at

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