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submitted by /u/BCHcain [link] [comments] |
source https://www.reddit.com/r/btc/comments/htdb1r/the_patriot_way/
Saturday, 18 July 2020
The Patriot Way
source https://www.reddit.com/r/btc/comments/htdb1r/the_patriot_way/
Cryptocurrency
BTC remains my first option always and then altcoins. Bitcoin is Bitcoin and can never be replaced by any other project. It's that simple.
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source https://www.reddit.com/r/btc/comments/htc9ou/cryptocurrency/
This guy again...
Peter Schiff being ignorant as usual..
"Bitcoin isn't money because people don't accept bitcoin they accept bitpay and bitpay gives them dollars.."
"Gold is money you can even spend your gold with a gold backed debit card making it usable in the modern world.."
Do you see the double standard here. Same argument but different biased conclusion.
If its bitcoin then using a debit card or bitpay is a flaw, but if its gold then using a debit card makes gold better than bitcoin.. really peter?!
This guy is either really REALLY dumb or he is trying to scare people away from bitcoin just long enough so he can finally make money on his gold after it has gone absolutely nowhere since 2011.
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Bitcoin exit plan
Step 1. Borrow as much money as you can. Leverage everything.
Step 2. Put everything into Bitcoin, move to cold storage.
Step 3. "Lose" Bitcoin in boating accident
Step 4. Default on all debt. File bankruptcy.
Step 5. Move to bungalow on a Central American beach.
Step 6. Find "lost" Bitcoin.
Step 7. Become world class surfer.
This is not investment advice.
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Someone is PM me about /r/BCHTrading
To clarify, I created some BCH related subs in the past and set them private mode to avoid troll take over.
I'm not a follower of BCH anymore but I have r/BCHTrading, among others, that I created for that purpose.
If you are interested in taking that sub PM me, but it is unlikely I'll give it away or invite anyone I don't know the nick for the past 4 years.
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source https://www.reddit.com/r/btc/comments/ht9o57/someone_is_pm_me_about_rbchtrading/
493 BTC were traded in Venezuela using LocalBitcoin (down from 544) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan official currency). 544 BTC were 999,452,000,000 Bs. (Bolivares). One BTC is around 2,180,000,000 Bs. Monthly minimum wage is less than 5 USD
Just wanted to update the numbers, two weeks ago we were under 400 BTC first time in a long time. This week the volume recovered, so we are still at around 2,000 BTC monthly.
This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares.
I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).
https://www.caracaschronicles.com/
Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily. I think that is true, around 20-30 USD per month.
Any question let me know, AMA. But check my links and sources first.
Sources:
https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
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"Bitcoin over Tor isn't a good idea"
I came across an academic paper from January 2015 titled "Bitcoin over Tor isn't a good idea" authored by Alex Biryukov and Ivan Pustogarov. Since Bitcoin Core has native Tor support and The Tor Project itself has made massive improvements in the internal protocol itself, are such risks still relevant?
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Once upon a time, I paid 2 BTC for a Trezor One First Edition...
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I could have had $18,000 instead of a Trezor with a dead screen. The screen just slowly died. First, it began to fade. That was about 6 months ago. Now it's all dead. No worries. I didn't have any funds on it. (Funnily enough, I never trusted hardware wallets anyway. Felt weird. Instead, I preferred to rely on paper wallet backups from regular digital wallets & kept backups of the wallet file in several locations, including USB sticks.) Anyway. Just a reminder to the crowd. Be careful what you invest in. I could have at least a Lambo door or something, now all I've got is another piece of junk with a dead screen. P.S. If someone is nostalgic about this sort of thing, I'm willing to auction it off to the highest bidder. As long as it covers shipping, I'll send it to anywhere in the world. Just leave a comment and I'll get in touch via private message. [link] [comments] |
Friday, 17 July 2020
Crypcore is a collateralized Crypto Asset
Crypcore is a collateralized Crypto Asset. Crypcore divides the Exchange revenues between the exchange and the coin and adding this to the collateral so that holders of Crypcore can increase the value of their collateral and profit. The collateral will be Bitcoin, Ethereum, Litecoin and Monero. The project strive to ensure price stability in the crypto space by combining crypto-digital assets. Crypcore is open source and forked from Monero. Developers can contribute.
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source https://www.reddit.com/r/btc/comments/hsrd8f/crypcore_is_a_collateralized_crypto_asset/
At least we are moving again
All news is good news.
Yes it's another btc scam... But at least people see the word bitcoin after a while.
Yes we dropped in price... But at least we are having some volatility after a while
Edit: NVM bulls don't give up
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What are some of your best tips and tricks to keep BTC purchases organized for future sales... excel spreadsheets, word documents, handwritten and stored in a filing cabinet, etc.?
Some people buy small quantity of BTC with each bi-weekly paycheck to hold... or sell months later. Some day trade.
Wether a person is required to pay a short term or long term capital gains tax, it is extremely necessary to stay organized and to keep track of what amounts were purchased and when they were purchased.
So... what are some of your best tips and tricks to keep BTC purchases organized for future sales... excel spreadsheets, word documents, handwritten and stored in a filing cabinet, hot & cold wallets, etc.?
[link] [comments]
![The Infamous Twitter Hack that happened today is probably one of its first... Been looking at how the btc has been moving. Here is a list of all the addresses that received the btc from the scam address. Most of them have been emptied with only one still carrying a major chunk of 7.4 BTC [$67,500]](https://a.thumbs.redditmedia.com/eDEuXWjw1-Ny4Ls_nPj5g6BJWQENXuHK5fV0QrZsNa8.jpg "The Infamous Twitter Hack that happened today is probably one of its first... Been looking at how the btc has been moving. Here is a list of all the addresses that received the btc from the scam address. Most of them have been emptied with only one still carrying a major chunk of 7.4 BTC [$67,500]")
Which Apps do you use for cashout and purchase of bitcoin? Simliar to Cashapp's interface and ease of use.
My CashApp account was closed with no warning/email (as I'm reading, a lot of people have been in similar situations) for bitcoin. I used instant purchase and cashouts often and liked that feature about the app. Any other companies that do the same? I've looked at edge or crypto.com but not too familiar with them (never used it) and from briefly looking at it, they use 3rd parties where you have to keep making other accounts for other companies. Thanks in advance!
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Bitcoin challenged my comprehension of money. and from that, governance too
Social Media hacking jokes aside for today, I thought to share a thought experiment I had on how bitcoin fundamentally challenged the way I view money forever.
I was always told throughout life and even in school that money distributed by the government, managed by the government, but used amount the populus. It wasn't until I was 17 in my senior year where I learned about the in-depth concepts of money with topics such as Federal Reserve Banking (How banks make money), taxes, debt, and fiscal and monetary economy. What's funnier is that when I was 14 I heard about bitcoin, but I thought it was just an idea for some far off technology like Nuclear Fusion or Astro mining. So I'm happy to state I learned more about bitcoin before I learned about my own government monetary system. Unfortunately, It would not be for another 2 years before I learn about cryptocurrency and blockchain entirely and another few months before I can actually buy some.
It was at the moment when I fully understood the concepts of bitcoin where I fell in love with it, the idea that NO government, company, or bank could just step in and take your money. No overdrafts, chargebacks, or no 3-5 days deposits. It is great. I get excited to the point I share all I can to people around me about the concept and yet they are confused like a child learning a new language because the concept of true financial responsibility and digital sovereignty can be complex to comprehend. Many of them refer to the same statements: "Money should be protected and held by the bank so I trust that it will forever be there". As I think of it more I start to think of ways how blockchain technology as a whole can be implemented into fintech (or even become the new fintech). Henry Ford once said that
" It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
It is merely with the introduction of bitcoin and decentralized finance tools when this quote incubates into fruition. Cryptocurrency as a whole puts the individual in power with the same banking tools as the whole banking collective operates on. I agree that there are many people who are fed up with the banks, and their practices but at the same time those people are even more scared to assume their own financial control due to immense responsibilities the bitcoin introduces (private key, cognitive understanding of the industry and tech). Yes, banks are here to provide a service to the public ease and use, but therein lies the question of how much freedom do people really want when they realize that they are also baring even more responsibilities than they are used to. Great power comes with great responsibility. The more financial freedom (I'm not talking about in dollar amounts, but security and accessibility ) you have over your wealth the more responsibility is needed to maintain it. So then more so this brings furthermore changed my perception that I don't have to be so reliant on centralized parties with my money, but I can own my money on the blockchain and send it anywhere where in the world as I deem fit.
So this brings to my thoughts of how would blockchain systems work in government and laws. The laws are barely adapted to handle the internet as is; now they are further behind to handle blockchain. With coronavirus going around this is a testament to show how we are becoming stronger digital society. I have not been out of my home in the past few days, and most of the older ways of doing things are becoming challenged with the introduction of new technologies. The only thing that defines our governments are the lands in which was founded, discovered, or concurred by winning factions and ideals that ultimately curated most of the cultures we see today. We can speak to anyone we can on the internet in a matter of seconds, make a full-time living, we can buy nearly anything and get it delivered on the same day or week, and be associated with communities that align with our interest all online. So when these apps have more data and international relations than the governments we reside, can governments be more than just "land"?
Finally, this brings into question Facebook and Libra. Facebook is one of the largest public multi-national countries on this planet, and libra in eyes of many just a software update. However, Libra shined a light on so many things I've always wondered. With as powerful as Facebook is that probably knows more about you than your government, and has more international relationships with more countries than your government, if/whenever libra is released, this now puts a corporate entity in charge of your money. And As they say, libra existing on blockchains, really can't be stopped if ever it's released. Sure governments can be banned and sue Facebook all they want, but if there are people using it, the damage is done, they can't shut down Facebook without causing an economic collapse probably one worse than the great depression. Facebook is just too big to fail. Google, Amazon are other companies seeking to challenge governance by cities for their corporate entities and employees. They most likely won't be here in the USA too much regulation, but someone where like Africa or even cities on water .
All in all, as I leave, Everything I knew about finances such as mortgages, paychecks, loans, mediums of exchange, trade, and banking tools are all fundamentally challenged by the introduction of bitcoin. The power lies in those who own the system, and when no one owns the system, but everyone manages it, the real power becomes invested back into the people. With this knowledge, I know that I am truly more powerful than I thought I was, and you should feel empowered as well. Sure the infrastructure may take time before things become convenient enough for wide-scale adoption, but we are the founding fathers and mothers of the first generation in the true power of decentralized tech. We are the ones that decide on how the first implementation of this tech should be used, and that's all by experimentation. I agree that it will be a daunting task and scary for those who are not familiar with this. Like all things that exist it starts with experimentation.
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BTC News Today 2020: Is Bitcoin Ready For 300,000,000 Users?
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Now stop for just one second and imagine. Three Hundred Million new users are flooding Bitcoin and Cryptocurrency. What would that do to the price, popularity, other businesses, institutions? In this video, we will explore the impact of Paypal offering Cryptocurrency on their platform. Plus, we just learned some exciting news about Institutional investment into Bitcoin and Cryptocurrency. Stay tuned and watch the entire video to the end. You will not regret watching the end of the video. Watch the video: Visit our YouTube Channel and Subscribe: https://www.youtube.com/channel/UCTxSyto2J41ap7KGiW8vG3w?sub_confirmation=1 [link] [comments] |
What's the status of bitcoin smart contract development ?
Is there any frameworks developped ? Any feedbacks on doing smart contracts on bitcoin vs ethereum ?
If you have ressources to share, please do.
[link] [comments]
Daily Discussion, July 16, 2020
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.
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Thursday, 16 July 2020
The entire mainstream establishment — banks, credit card companies, app stores, web hosts, email providers, social media platforms — has tried to silence Gab.com b/c it‘s the only social media platform that allows free speech. They only accept BTC, let’s ask them to support BCH!
Someone sent $42,000 to the Twitter scam
Address: 3KrG1uadukps8Bbc24rXrkZUiLVTtc2Jdy
F to pay respects.
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T-Mobile allowed SIM hacker to steal over 1.7 BTC from my Coinbase wallet.
T-Mobile allowed SIM hacker to steal over 1.7 BTC from my Coinbase wallet. I have been in contact with multiple attorneys including those on the $224M Terpin case. God willing they will help me recover what was lost due to T-Mobile’s negligence. I suggest everyone disable SMS two factor and move all your crypto to a hard wallet. I lost most of my life savings, and I would not wish that upon anyone.
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Wednesday, 15 July 2020
BTC technical analysis
There is still no substantial change in the BTC market’s short-term and midterm trends. In the midterm, the first and foremost cryptocurrency is in a dovish consolidation pattern. The short-term pattern is more bearish. There is no clear direction or market momentum at the moment.
The long wick on the 15-minute chart shows good buying support around $9,100, which is also today’s intraday support level. Resistance is located near $9,300. As the stock market continues to ride high, it seems unlikely that BTC will make any major corrections in the immediate future.
The BTC long/short ratio fell from yesterday’s 1.19 to 1.18, indicating that retail traders are not optimistic about the short-term bounce. We may still see the price hovering in a tight $200 range.
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source https://www.reddit.com/r/btc/comments/hrldod/btc_technical_analysis/
Come & Catch the DeFi Train with CoinEx! Enjoy ZERO Tx Fee & Share BIG Rewards of $20,000
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Dear CoinEx users: To give back to your long-term support, we are going to hold the following events. Prize of 20,000 USDT is waiting for you to share! **Duration：**July 15, 2020 - July 24, 2020 (UTC+8) **Tokens Involved:**LINK, SNX, COMP, REN, KNC **Event 1:**Duration: 10:00 July 15 to 16:00 July 17(UTC+8)Rules:ZERO tx fee available for trading any DeFi tokens above on CoinEx. **Event ２:**Duration: 10:00 July 15 to 16:00 July 24(UTC+8)Rules:CoinEx users with a net buying of 200 USDT or more of any one of DeFi tokens above can share 20,000 USDT proportionally. CoinEx will give away the rewards on a first-come-first-served basis. About LINK |About SNX|About COMP |About REN | About KNC Notes:
Official Site: https://www.coinex.com/ [link] [comments] |
source https://www.reddit.com/r/btc/comments/hrlcob/come_catch_the_defi_train_with_coinex_enjoy_zero/
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