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submitted by /u/shjdryhfsfjvdd [link] [comments] |
Saturday, 3 July 2021
What do you think about running the Bitcoin.com wallet app in Windows 11 Android mode?
Finally the bitcoin.com wallet will be available on desktop, but will it be recommended to use it that way? Will businesses be able to utilize it on desktop for purchases? I know it's too early to know, but I think it will be interesting and help out a lot.
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source https://www.reddit.com/r/btc/comments/ockxnp/what_do_you_think_about_running_the_bitcoincom/
Reminder: Running a full node is easy. Download, Verify, Install.
I know there are many posts telling everyone to get a RPi, put it in the DMZ, attach an SSD, and fire up your node.
Truth is, there are much simpler ways. I run my full node on the same desktop I do my reddit posts from. It's my daily work unit. I did nothing special. Just downloaded the installer, verified it wasn't counterfeit, and installed it. My unit will sleep or hibernate if idle for a few hours so I don't even leave it up all the time. When I check my mail in the morning, it downloads the latest blocks then when it's done the system registers "idle" long enough to go back to sleep. Really not that hard.
You don't need to overthink it. It isn't any harder than installing Mozilla.
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When will the Bitcoin.com wallet stop being a closed-source wallet and go open-source again? This is a blight on adoption efforts.
Bitcoin Cash is the exemplary open-source Bitcoin network but our best wallet is closed source. We either need to find a better, open-source wallet or Bitcoin.com would be appreciated for open-sourcing once again their wallet.
People should be able to vet the code before trusting the wallet.
Or why not make a version of your wallet that you feel comfortable open-sourcing?
This is becoming a problem. Please and thank you.
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source https://www.reddit.com/r/btc/comments/ocfdil/when_will_the_bitcoincom_wallet_stop_being_a/
It’s time we get Steam back
Steam was the first gaming service to my knowledge that accepted Bitcoin. It’s time we reach out to Steam as a community to start accepting crypto again, and this time not just Bitcoin Core. Any ideas on how we should go about doing this?
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source https://www.reddit.com/r/btc/comments/ocgkpa/its_time_we_get_steam_back/
I hope Satoshi is alive to see his creation slowly getting adopted by countries and institutions.
Based on my research he was in it for much more than the $$$... So as BTC has made some amazing steps in the last few months I'm sure he'd be happy.
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Adoption: What does it mean? How many coins have it? How many are even trying? Does a coin have a long-term value without it?
Someone told me the other day that Dick Heart (not his real last name) is creating an ethereum-type thing now. I wondered how he could possibly do that, when if hex were a serious effort, then it would to be a full-time job for years to come. This person told me that hex is now a self-running chain and Dick had finished the project, yay.
Okay so someone else is going to do the adoption? Or there will be no adoption? (I mean I think it's a stumpump creation so that's a rhetorical question but, led me to think,) Maybe adoption is the most important metric of all. And to the extent that it is, bitcoin cash has very little meaningful competition whatsoever.
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source https://www.reddit.com/r/btc/comments/ocbpyf/adoption_what_does_it_mean_how_many_coins_have_it/
Friday, 2 July 2021
Big Wigs
abunch of really powerful stuffy suits all around the world love to complain about excess leverage in crypto but none of them want to talk about the leverage in traditional finance, unless it involves taking services from middle class people
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source https://www.reddit.com/r/btc/comments/obu6vu/big_wigs/
What will you do if Bitcoin hits $1m in the future?
Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.
What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated.
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I Hope Impoverished Nations Become A Bitcoin Network
Growing up, I have always read, heard, and occasionally seen how so many impoverished nations are unable to have the same standard of living and quality of life that I enjoy every day.
Now that places like El Salvador, Venezuela, and Nigeria are on the front lines of full scale Bitcoin adoption, the only feeling I have is hope for them.
How incredible would it be if these countries were able to get themselves back on equal footing and dramatically improve the lives of their citizens?
I’m hoping, and we should make sure we fight hard for them. I’m so far from being an activist, but I’d fashion signage, take to the streets, and vocally show support for them.
Here is to hoping.
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The Australian Securities and Investments Commission says #Bitcoin is "likely to satisfy" standards for an ETF.
https://asic.gov.au/media/yhbgvq02/cp343-published-30-june-2021.pdf
The Australian Securities and Investments Commission says #Bitcoin is "likely to satisfy" standards for an ETF.
Superannuation assets (retirement funds) are one of the largest in the world in Australia and totaled $3.1 trillion at the end of the March 2021 quarter. An ETF will allow retail stock market investors and superannuation inflows.
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Mexico’s central bank has warned the country’s banks that cryptocurrencies are banned.
Mexico’s central bank has warned the country’s banks that cryptocurrencies are banned.
“This country’s financial institutions are not authorized to conduct or offer to the public transactions with virtual assets like Bitcoin,” the Bank of Mexico said in a statement on Monday.
“Whoever issues or offers such instruments will be held responsible for violating those rules and will be subject to the applicable sanctions,” the bank added.
https://nypost.com/2021/06/29/mexico-bans-crypto-at-banks-after-billionaire-promotes-bitcoin/
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Regarding Yesterdays Congressional Hearing that Coincenter's Peter Gave Testimony
I feel like the single missing part of regulatory talk in the united states on crypto is that no one understands that a unified clearing exchange for digital asset commodities will have to be built and the Token taxonomy act, and Digital Commodity act passed.
CME can't work with blockchain. LedgerX and coinbase built the full financial stack. Traditional finance does not do this. Trad fi uses common clearing exchanges, prime brokers etc. It's economically unfeasible and untenable to expect every crypto service to build a full stack.
The obsession crypto people have with the SEC is misplaced. Bitcoin is a commodity. There has to be common backends that allow systemic risk monitoring and public data. That's how tradfi works, and US gov won't allow any other way. This is nonnegotiable for having a domestic market that institutions use. Right now all major institutions do significant derivative related things offshore.
This can't and wont last based on what the DoJ wants. You may not like the direction things are going, but this is necessary to mainstream adoption. Crypto is overwhelmed with fraud as it is. It's a net detriment to long term adoption.
Re-- the bch crowd. I don't *like* being hunted by fed agencies and having all my services and access banned. I don't enjoy this lol. But this is inevitable for most regulated money. The feds have a mile long list of tools to enforce KYC on the globe. If poor people can somehow move a few hundred around without KYC, I'm all for it. But for people who move money, traders, we're screwed. If I don't get a regulated system built I won't be trading in crypto, period. US citizens are screwed on this. The CFTC is openly telling us "we're going to enforce against DeFi Derivatives, we're gonna get you".
They can. They will. They're going to black list every non compliant DeFi app the way they blacklist mixers. Go look at Cipher Trace Traveler that binance introduced. That's what we have to lookforward to. They're going to create a fungibility crisis. Global bifurcation. Do I like this? No. This is totalitarian, but right now US control over the Executive branch is paltry. Mcafee was right about it all.
Re the mods-- You should not censor traders and legal researchers because you disagree with the government and hate futures.
The mods here need to realize that being adversarial to regulatory talk is a zero sum affair. If you don't advocate for changes that allow modern institutions to participate we will not get mainstream hyperbitcoinization. Shadow banks and hedgefunds trading on bitmex does not count, it *is* the problem. It's why congress is pissed.
I speak the truth about what is required in american finance and what the government wants and what is necessary for full institutional involvement.
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source https://www.reddit.com/r/btc/comments/obrcbs/regarding_yesterdays_congressional_hearing_that/
Bitcoin Maximalist Mircea Popescu Allegedly Drowned in Costa Rica --- In 2016 he 'promised to dump a million bitcoins in the market if changes were made to Bitcoin block sizes earning him the moniker “Father of Bitcoin Toxicity.”' He's a big reason the blocksize stayed at 1mb.
Bitcoin cash in my daily life
After I posted here that I finally achieved my 1 BCH (thank you sir Marc de mesel fo the huge upvote before), one user commented something like this, "Congratulations, I am happy for you. But where I live that's a week pay so it doesn't really mean much to me in the scheme of things."
First of all, I don't take it as a permanent job. Although, I am here for passive income😁 what made me stay is the community that really makes it fun and alive.
Well, I am living in a developing country and 1 BCH means a lot to me before I achieved my 1 BCH to hodl I already bought many things!
- Printer worth PHP 9,000+ or $200+💖
- Mouse for my laptop
- Books
- My e-loading business
- Foods/ essentials
Bitcoin cash is for everyone.💚💚💚
https://read.cash/@carisdaneym2/bitcoin-cash-in-my-daily-life-dfa0e66e
And now, I am starting my July to accumulate more in the dip :)
https://read.cash/@carisdaneym2/hey-july-can-we-fly-high-1d53b2e7
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source https://www.reddit.com/r/btc/comments/obq4gz/bitcoin_cash_in_my_daily_life/
Crypto Business World Jobs – By Crypto Business World
We are looking for a Senior Business Analyst!
Role - Business Analyst
Industry Type - IT Services & Consulting
Functional Area - IT Software – Application Programming, Maintenance
Employment Type - Full Time, Permanent
Role Category - System Design/Implementation/ERP/CRM
Education
UG :B.Tech/BE in Any Specialization
PG :Post Graduation Not Required
#CryptoBusinessWorld #cbw #best #deserve #opportunity #newjobs #fintechindustry #hiring #businessanalyst
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source https://www.reddit.com/r/btc/comments/obqrh7/crypto_business_world_jobs_by_crypto_business/
Thursday, 1 July 2021
Bitcoin and Society
You graduate college with a 100k debt, people clap and cheer for you.
You get married and spend between 5-50k for ONE day, people will clap and cheer for you.
You take a 200k+ loan from the bank to buy your first house, people will clap and cheer for you.
You take a 40k+ loan for a car (a depreciating asset) with an interest rate, people will clap and cheer for you.
Thats $400,000 in total debt that MOST people are living in, and somehow they are feeling good about it because people are congratulating them for it.
Now, go and tell those same people that you spent just a few hundred dollars to start your own journey into crypto
“Are you sure?” “What if it doesn’t work?” “Can you get your money back?” “What if people laugh at you?” “I know a place that’s hiring.” “It’s going to be hard to get people to support you.”
Some of these same people won’t even share or like your post. They won’t help you promote your business. They would rather spend their money with somebody else. They will bring you everything negative about what it is that you’re doing. Picture a bucket full of crabs with no lid. The moment a crab tries to get out, the other crabs will literally rip its legs off.
This year, pay attention to who you’re surrounding yourself with and who you allow into your life.
Success is created by you, not your boss. Become self made and refuse to have it any other way
You deserve it 💎
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Bitcoin noobie here, please don’t downvote because of that : I’d like to know if it’s fair to assume that most cryptocurrencies (like Ethereum) will go up and down with Bitcoin, or there are chances they go opposite ways!
Big news for BTC
Germany will allow 4,000 investment funds - managing $1.8 Trillion - to invest up to 20% in #Bitcoin starting tomorrow, July 1st! 🚀
https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/
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Just tried the lightning network for the first time and my eyes are OPENED
Funded my lightning wallet with $10 and sent 1000 satoshis to a friend for the cost of 1 satoshi using Breez. Wallet setup was all automatic and so easy to use.
I recall seeing a top voted comment critisizing LN over a year ago which I now see was complete BS. The comment I read was saying that LN can never catch on because in order to onboard you must perform an on-chain transaction and since bitcoin can only support around 7 transactions per second it would thus take decades to on-board the world population.
Now that I've used LN I see that comment is full of shit. Yes, I myself had to perform an on-chain transaction, but my friend that I sent sats to never had to do such a thing. This means that one entity can potentially onboard MILLIONS of users with a SINGLE on-chain transaction.
I think of the el salvador government and I assume they are doing exactly this. They will be sending every adult $30 worth of bitcoin. That's over 130 million dollars worth of bitcoin. They can send that entire amount of bitcoin to their personal government lightning network address. This will be one on-chain transaction. From this point on they can send $30 of bitcoin to over 4 million adults individually to their corresponding lightning network addresses for a total transaction fee cost of 0.1% which is actually pretty amazing if you compare that to the traditional banking system.
I encourage everyone here to play around with the lightning network. Maybe next time you have poker night with the boys get them all to install a lightning wallet and gamble away using sats. I can only see the lightning network getting better from here. Right now you have to scan a qr code but I'm sure in the near future we can use NFC and simply tap to pay with LN.
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Flipstarter Ryver Asia: 50% and 72 hours to go. We are spreading a civilization-changing technology which will dramatically increase human freedom and and prosperity. Help us to raise the Bitcoin Cash Flag!
“ Again, this is widely misunderstood. Your funds in Coinbase ARE AT RISK even if they qualify for passthrough insurance. If Coinbase lends them out and the loans turn sour, you could lose all your money and FDIC will not save you.”
Long term opinion : Bitcoin will reduce mass consumerism globally because of its deflationary effect, and therefore will help reduce climate change rate. What do you guys think?
My thinking is that Bitcoin is a secured bank account available for anyone in the world. Not only it embraces third countries to preserve their wealth, but the finite supply makes value go up over time incentiving people to hold long term. In that regard, why would anyone sell something that will appreciate over time for things that will lose value like better cars, better phones or fancy clothes? I mean, if we don’t really need them, we will consume less and our planet will benefit from this. If Bitcoin goes up in value on the long term as scheduled by its mathematic algorythm, it could be a way to get out of this endless growth capitalism non-sense that is polluting earth and making people more selfish. Happy to see your thoughts on this :)
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I need 0.2 USDT🥺 very urgent. Any instant paying faucet for that?
I need 0.2 USDT very urgent💔. Any instant paying faucet for that? Very urgent ......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
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source https://www.reddit.com/r/btc/comments/ob3v7u/i_need_02_usdt_very_urgent_any_instant_paying/
My webhost is now accepting Bitocoin!
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I got this email from my web host today saying they accept bitcoin :) I am very happy. They are a small host as well. [link] [comments] |
source https://www.reddit.com/r/btc/comments/ob3kj3/my_webhost_is_now_accepting_bitocoin/
Wednesday, 30 June 2021
Mc Cormack Asociados is an architecture studio accepts BCH in Argentina
Mc Cormack Asociados is an architecture studio based in Buenos Aires, formed by Sebastián Balbuena, Mike Mc Cormack and Pedro Wofcy Diez, architects with extensive local academic and professional experience since 1990. Since its definitive formation in 2004, the team has developed projects of various scales and uses in different cities, accumulating around 2,000,000 square meters between projects and works, plus 2,000 hectares for urbanizations. https://i.imgur.com/usynfDk.jpg
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source https://www.reddit.com/r/btc/comments/oaiurn/mc_cormack_asociados_is_an_architecture_studio/
Sooo I just realized you can take your existing traditional, Roth, SEP, or SIMPLE IRA, as well as 401(k), or 403(b), and put it into alternative assets like cryptocurrencies... What color Lambo should I buy in 20 years?
Dogecoin payment option, crypto-friendly travel service makes its US premiere.
GetYourGuide, a German vacation booking service, said Tuesday that it now accepts dogecoin as a form of payment in the United States.
The Berlin-based company is offering activity, attraction, and tour reservations in key American locations such as Hawaii, Las Vegas, Los Angeles, Miami, New
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source https://www.reddit.com/r/btc/comments/oai3ek/dogecoin_payment_option_cryptofriendly_travel/
Central bank maximalists will try ridiculous mental gymnastics to avoid admitting that they're still slaves to their banks and need the government's permission to spend their money. Don't listen to them.
“This Bitcoin technology will destroy your favourite altcoin”
According to this article, Bitcoin side chains could be developed that implement any features and characteristics of any altcoin on a side chain using BTC as collateral.
What are your thoughts on Bitcoin side chains? Is there really potential for Bitcoin to metamorphosis into every altcoin? Or are there some key limitations that could stop this from happening?
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