Crypto 360°

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Saturday, 5 October 2019

Bitcoin is being unfairly compared to fiat and other assets and why this has to be addressed because scalability isn't a bitcoin problem.

Many people assume Bitcoin because has no use because it isn't scalable to the world's population. However, this is being compared to fiat and other assets which are also unscalable on their own hence it's very misleading.

Gold and fiat are more unscalable than Bitcoin but they use third parties to help make them scalable like Visa, Mastercard, Paypal, banks..etc Bitcoin can be scalable this way as well through third party services (even cheaper and faster).

But bitcoiners want to transact in a decentralized way ultimately creating a new problem that doesn't apply to the majority of the current human population. Most people right now transact in a very centralized way and they are ok with using credit cards, their bank accounts, paypal..etc.

So scalability isn't bitcoin's problem; it's scalability without having to trust a third party. If the world wants to use Bitcoin in a centralized way (like every other assets), it's already possible.

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Just made Gilfoyle's Bitcoin price notifier (From Silicon Valley HBO)

You just need to have Python installed on your machine, clone the repo and run the command mentioned in the README file!

Also, you may want to turn your volume down :)

Enjoy!

https://github.com/merwane/gilfoyle

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On Being Wrong

We are all wrong every now and then. Well, lets be honest, we've all been wrong a LOT. Thats human nature. We expect things to go one way, but often it doesn't.

You were wrong when you trusted the banks, you learned. You were wrong when you trusted that politician. You were wrong about the Bitcoin Core team years ago. Many were wrong about emergent coding being a sham. You were wrong when you sold that crypto the day before it went up in value.

A lot of people still are wrong about Bitcoin Core and Lightning being a solution for the world.

How does it feel to be wrong? It feels bad, doesn't it?

Actually, no, what feels bad is realizing you were wrong. While you were wrong it actually felt great. It felt like you were right. And others were wrong. Until you realized, that damn, you were wrong all this time.

Be patient with people. We are all wrong from time to time. Be patient with yourself, and don't be afraid to reflect every now and then.

Inspiration from this awesome TED talk; https://ed.ted.com/lessons/on-being-wrong-kathryn-schulz

You won't regret watching it.

submitted by /u/ThomasZander
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source https://www.reddit.com/r/btc/comments/ddkkry/on_being_wrong/

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NYT Article DENOUNCES Free Speech??! Says "Free Speech Is Killing Us"

https://www.youtube.com/watch?v=I_0uce6tcTE

Remember, these people would like to control what you say, what you write and most of all, they want to control your money. Support journalist Tim Pool with Bitcoin Cash, this guy deserves all the support he can get.

https://www.timcast.com/donate

(Someone should help him with that new QR-code button, it would be perfect for his donation page.)

submitted by /u/SwedishSalsa
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source https://www.reddit.com/r/btc/comments/ddkdwf/nyt_article_denounces_free_speech_says_free/

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Goodbye Coinbase | Bitcoin Maximalists Buying ETH? | EthTrader Is Dying | PayPal Quits Libra | More!

submitted by /u/DarkestChaos
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source https://www.reddit.com/r/btc/comments/ddk655/goodbye_coinbase_bitcoin_maximalists_buying_eth/

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Bitcoin Cash sees slight gains, but signs point to further bearish days ahead - ForexTV.com

submitted by /u/newsybitcoin
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source https://www.reddit.com/r/btc/comments/ddk5bx/bitcoin_cash_sees_slight_gains_but_signs_point_to/

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Ripple's David Schwartz recently said "PoW has provided only limited decentralization and appears to be a technological dead end". Imagine what Ripple lobbyists and Bland Garlinghouse have been saying to US regulators behind closed doors.. Shameful.

submitted by /u/perogies
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Started to design t-shirts, what do you guys think? (Buy the fucking dip)

submitted by /u/SeitoEXE
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ETH-♥-BCH Afterparty, Devcon Osaka, October 10th. Meetup link in comments!

submitted by /u/BeijingBitcoins
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source https://www.reddit.com/r/btc/comments/ddj3fm/ethbch_afterparty_devcon_osaka_october_10th/

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Plan₿ - whatbitcoindid talks to Plan₿, known for his Bitcoin stock to flow ratio analysis and the author of Modeling Bitcoin's Value with Scarcity.

submitted by /u/FluidAttitude
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source https://www.reddit.com/r/btc/comments/ddjjsn/plan_whatbitcoindid_talks_to_plan_known_for_his/

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US lawmakers urge the Federal Reserve to develop digital currency (or face the consequences)

submitted by /u/Bootyhunterboy
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source https://www.reddit.com/r/btc/comments/ddj8lw/us_lawmakers_urge_the_federal_reserve_to_develop/

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An Official US National Cryptocurrency? Federal Reserve President Says - It's Coming...

submitted by /u/Digitallifeworks
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source https://www.reddit.com/r/btc/comments/ddj3go/an_official_us_national_cryptocurrency_federal/

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Sup BTC'er

submitted by /u/D4RKW4T3R
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Erlay: An awesome performance improvement to the Bitcoin network

submitted by /u/bhec39
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Bakkt completes 1st bitcoin block trade

submitted by /u/bozidgha
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Bakkt completes 1st Bitcoin block trade

submitted by /u/h41g
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source https://www.reddit.com/r/btc/comments/ddhr0a/bakkt_completes_1st_bitcoin_block_trade/

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Data Shows Institutional Interest in Bitcoin Has Diminished

submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/ddhftk/data_shows_institutional_interest_in_bitcoin_has/

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PayPal withdraws support for Facebook’s Libra cryptocurrency

submitted by /u/nugget_alex
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Use voyager to buy your BTC! no fees+ withdraw within a day or so!

I have been seeing many people unhappy with coin base, as they should be. Let alone the new fee structure. Coin base is like Walmart lol for all the newbies out there, try voyager and do some research on them! less fees more btc lol, Android version coming this month too!

submitted by /u/tacomuffinz
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[Limited Time] Steam Wallet Reloads - 5% Off

Thanks to Open Bazaar, I can now run my own store. Earlier, I had some problems getting it to show up, but I'm so glad it is finally working now! As such, I've decided to sell the USD20 Steam Reloads for 5% off for a limited time.

Check out my listing here: https://openbazaar.com/QmUWEaBR5E6eLtFTU8wnqRiVUvRL5GAUsCcYE7juj2gFfQ/store

Accepting Bitcoin Cash only at the moment as I cannot afford BTC fees due to the 5% discount given.

https://i.redd.it/s9h22l5r4mq31.png

Do give me 5 star ratings if you're satisfied with the discounted Steam Wallet reloads.

EDIT: To redeem the 5% discount, key in "STEAM5OFF" coupon code and apply before making payment.

submitted by /u/markpsp
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source https://www.reddit.com/r/btc/comments/ddfrfx/limited_time_steam_wallet_reloads_5_off/

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