Saturday, 24 July 2021

Greener Days Are Coming – 4 Reasons To Be Optimistic About Bitcoin for the Next Months

After quickly falling below the psychological barrier of $30K, the price of Bitcoin has just rebounded to above $32K. However, it is not certain that the price of Bitcoin will climb back up to $40K quickly. Several resistances will have to be broken for this to happen.

The current situation with the price of Bitcoin moving sideways between $29.5K and $34K could continue throughout the summer.

Even so, the fact that the Bitcoin price has held up like this after the $30K mark was lost suggests that the market has already been purged of weak hands over the past few weeks. The remaining players are well aware of the opportunity that a Bitcoin around $30K represents.

Their goal is to accumulate as much BTC as possible in this price range in anticipation of what lies ahead for Bitcoin in the next months. By taking a step back to see the bigger picture, you will be able to understand why greener days are ahead for Bitcoin in the coming months.

In what follows, I highlight the 4 main reasons why I think so.

The Bitcoin network continues to grow Since the Bitcoin price crash in May 2021, many observers have made the mistake of focusing solely on the price of Bitcoin. This short-sightedness prevents them from seeing the bigger picture.

The only thing these people see is that the price of Bitcoin is currently 50% below its April 2021 All-Time High (ATH) near $65K.

That being said, you must learn to focus on the fundamentals of Bitcoin. These are far more telling of Bitcoin's long-term success than the short-term volatility of its price.

If you make this crucial intellectual effort, you will see that the Bitcoin network continues to grow month after month since the beginning of 2021:

The number of users of the Bitcoin network has reached an ATH in the past month. This number is far more important than the current price of Bitcoin. Bitcoin adoption continues to grow block by block. This is something Bullish for the coming months.

Bitcoin's Hash Rate is already rebounding China's ban on Bitcoin has caused many miners in several parts of China to shut down their equipment. The Bitcoin Hash Rate has inevitably suffered as a result. This caused a major drop that had some observers unnecessarily worried.

Since then, we have seen the great exodus of Bitcoin mining from China to the West.

What seemed to some to be something ultra-negative for Bitcoin is in fact something extremely Bullish. This ban on Bitcoin mining in China will do two key things:

Better decentralization of the Bitcoin Hash Rate around the world.

A major improvement in the share of electricity from renewable energy sources used by the Bitcoin network.

Two problems used by Bitcoin's opponents to denigrate it will be solved in the process. You can see that the Bitcoin Hash Rate is already rebounding strongly:

The macroeconomic environment remains favorable to Bitcoin The ultra-aggressive monetary policies pursued by the central banks of the major economies to combat the effects of COVID-19 on the economy have highlighted the benefits of the Bitcoin system more than ever.

Bitcoin brings back to light the virtues of quantitative hardening. This is in contrast to the quantitative easing that the Fed and the European Central Bank have been practicing unreasonably for years.

This possibility given to central banks to print as much fiat money out of thin air as they deem necessary is the original sin of a system that will end up collapsing sooner or later.

While the Fed has been denying the obvious for months, it is finally starting to acknowledge that inflation will be a problem in the months ahead. It has reached 5.4% in June 2021 in America, and for many observers, including the CEO of BlackRock, the problem is systemic.

This inflation will remain at high levels for a long time. This will benefit Bitcoin as a safe haven to protect what you own. More and more investors will come to seize this opportunity in this macroeconomic environment that clearly favors Bitcoin.

On-chain data confirms that the market has already been cleansed of weak hands Since the beginning of June 2021, a trend has emerged: whales have started accumulating Bitcoin again. Those players who know how to take the long view have realized that the big opportunity with Bitcoin is now.

This trend has even accelerated since early July 2021:

ImageBitcoin Supply held by entities with Balance 1K - 10K - Source: Glassnode

Investors with at least 1,000 BTC added over 96K BTC to their holdings. While the weak hands were selling and hesitating to take advantage of the current opportunity, the whales were buying fear.

The fact that Bitcoin did not see its price collapse after breaking the psychological barrier of $30K is also something that tends to confirm that the market has already been purged of weak hands.

Greener days are therefore expected for Bitcoin in the coming months. It is only a matter of time in my opinion.

Final Thoughts It is always difficult to know when the bottom has been reached after a Bitcoin price crash like the one we experienced in May 2021. However, there are several indications that greener days are within reach.

The great opportunity with Bitcoin for the next few months is clearly now in my eyes. It's up to you to make up your own mind based on the 4 elements I've just presented. Then you will be able to make the best decision for yourself.

In Bitcoin We Trust Newsletter: Everything around Bitcoin, Blockchain, and the cryptocurrency market

submitted by /u/_kr_saurabh
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What is Meryt Protocol?-Initial use-cases explained!

What is Meryt Protocol?-Initial use-cases explained! submitted by /u/Aomhn
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source https://www.reddit.com/r/btc/comments/oqf5ug/what_is_meryt_protocolinitial_usecases_explained/

I believe at least one Bitcoin mining company will be a top 10 company by market cap before 2025

I believe at least one Bitcoin mining company will be a top 10 company by market cap before 2025 submitted by /u/FeCromartie
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BTC Lockup Wallet?

I was wondering if there were any available wallets that would allow me to deposit and lock up my BTC for an extended period of time as to prevent me from transferring it to another coin or withdrawing my BTC. Essentially I believe in the technology long term however I lack the discipline to keep my funds in BTC whenever I see an opportunity arise and would just like the option to lock myself out for X amount of years.

submitted by /u/GeneParmesan302
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source https://www.reddit.com/r/btc/comments/oqdjao/btc_lockup_wallet/

Thank you to Bitcoin.com team for adding this section. It's great!

Thank you to Bitcoin.com team for adding this section. It's great! submitted by /u/tralxz
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source https://www.reddit.com/r/btc/comments/oqcztk/thank_you_to_bitcoincom_team_for_adding_this/

Bch transaction pending

Yesterday morning i received a bch transaction and till now its still pending, waiting to be confirmed. I use Bitcoin.com wallet and in the following evening i received another transaction and that got confirmed within minutes like its supposed to.

i have tried scanning for missing transaction, checked for confirmations in blockchain and it has more than 60 confirmation now. Since the app is showing that particular transaction pending its not added to main Bitcoin wallet app only need one confirmation to be added to main balance.

I contacted support, even they don't know why its happening. Its a good thing i set the limit to 1$. what i want to ask is that if this happens again no one can help? What if someone buys crypto with their hard earned income and this happens? Its super annoying to see this happen because i worked on a sketch for hours to earn that tip.

Should i forget about it? i didn't reinstall the app yet so that's the final option. Is this some sort of app bug? Help me out guys.

submitted by /u/vishnu1232
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source https://www.reddit.com/r/btc/comments/oqcsjj/bch_transaction_pending/

BTC-ing out of a bad situation

TLDR: bitcoin gives me something to hope for.

I don't come from poverty, just a standard middle class upbringing. In many ways I had everything I needed, but lost a lot as time went on. I lost my dad. I lost a lot of friends, and now I feel like I'm losing my mom to alcoholism. I work hard, and try to keep everything together but it never feels like enough, and the dread of impending, increasing living/housing costs.. not just for me, but my future children.. feels like a lead weight on my shoulders. I can't even watch the news anymore, listening to politicians tell me that inflation is "good, actually" just makes me feel sick.

2 years ago I started to read about bitcoin. It sounded fresh and alternative and.. hopeful. I didn't invest until Aug 2020, buying 1 btc for around 10k. This was what I'd saved for my future (not my essentials), and I basically thought "if this turns out to be something small.. at least it's something in the sea of nothing, and that would be worth the risk". People told me I was stupid of course. But, I researched and I stayed strong. And here I am today, 3x up in a 'dip'.

Even in the worst most uncertain times, btc represents hope for me. When I'm struggling with my day-to-day, I just remember that there's a light at the end of the tunnel and that everything I do doesn't have to just burn away to nothing. That I can protect my earnings and secure my future, myself.

I'm really grateful for this community, and appreciate everyone. Thank you.

submitted by /u/SaraJuno
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The Best Security Features for a Ledger Nano S

The Best Security Features for a Ledger Nano S submitted by /u/1BitcoinWebsite
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source https://www.reddit.com/r/btc/comments/oqbs2q/the_best_security_features_for_a_ledger_nano_s/

[Academic Research] Appeal of Cryptocurrency Remunerations in the UK IT Industry (18+, UK, IT Industry)

I am collecting data for my masters dissertation in MSc International Business Management at Northumbria University titled: ‘Exploring the potential appeal of cryptocurrency backed remuneration in the UK IT Industry.’

The study aims to examine the participants opinions towards receiving cryptocurrency-based remunerations within the UK IT Industry.

Taking part consists of completing one online survey, estimated to take up to 30 minutes to complete.

To be eligible to participate you must be:

· At least 18 years old.

· Work in the IT Industry, within in the UK, for a business located in the UK.

If you are eligible and wish to participate, further information, and a link to the survey are located below:

https://northumbria.onlinesurveys.ac.uk/cryptocurrency-remunerations-1

Please also feel free to discuss your opinion regarding the potential to be paid for you work in cryptocurrencies. Please also include the industry you work in and if you would like this to be provided through a third party provider rather than your employer. I'm interested to hear your opinions!

Whilst this study does take a wider focus on cryptocurrency rather than Bitcoin, there is a topical question examining the presence of Bitcoin as a potential market leader. Also feel free to expand into Bitcoin in the open text final comments section.

Thank you to anyone who takes the time to complete my survey!

submitted by /u/ResearcherAH
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source https://www.reddit.com/r/btc/comments/oq7yjj/academic_research_appeal_of_cryptocurrency/

ELI5: What makes Bitcoin so valuable to humanity? Lightning Network and Taproot.

ELI5: What makes Bitcoin so valuable to humanity? Lightning Network and Taproot.

Alright, this is a long post. But hopefully, it is able to further your understanding of Bitcoin. At least, that's the goal!

It's an effort to educate newcoiners, and perhaps a few old HODLers as well, on what makes Bitcoin uniquely valuable, the Lightning Network and upcoming Taproot upgrade without overly complicating the conversation.

The Newcoiner Dilemma

What's so unique about Bitcoin?

There's a common misunderstanding that Bitcoin has such great value because it was the first. This is untrue. There were several prior attempts at digital money - B-money, Bit gold and Hashcash (although not technically money) the most prominent among them. Satoshi's PoW algorithm solved a critical flaw in the use of blockchain as a public ledger known as the Byzantine Generals Problem.

The concept of blockchain predates Bitcoin by almost two decades. So the value was never in blockchain but the way Bitcoin was able to utilize blockchain as a trustless, permissionless, decentralized public ledger to democratically create, distribute and exchange value.

Centralized iterations of blockchain are indeed a waste of time. Permissioned protocols can often achieve greater efficiency using an SQL database instead.

Another misconception among newcomers is that you're late to the Bitcoin party. Just as you can never be late to the Internet, you can never be late to Bitcoin.

Bitcoin is not just a cryptocurrency. Bitcoin, in the broader sense, is a protocol capable of functioning as the network layer of a decentralized Internet. Bitcoin can therefore fix the Internet's original sin, centralization at the hands of a powerful few, and restore it to its original form - a decentralized P2P network protocol.

Bitcoin is capable of remaining decentralized by allowing any participant in the network to access and verify the truth on their own in a very economical manner. Throughout Bitcoin's history, Bitcoiners have staunchly defended the right of users of the network not to be priced out of running their own node.

You can host your own Bitcoin full node on a Raspberry Pi. This allows you to be an equal rights citizen on the network and not have to delegate trust to a third party. Without being able to verify on your own, you're just going from trusting bankers to trusting a random person on the internet. That's hardly revolutionary.

Samourai Dojo Bitcoin Full Node on Raspberry Pi (cost $40)

Bitcoin is not only time-tested but has proven to be doggedly antifragile. Elon Musk remarked at the B-word conference a few days ago that the "average person" is not going to run a Bitcoin node, once again revealing that he probably needs to acquire a better understanding of Bitcoin before passing misguided remarks.

What makes Bitcoin antifragile is precisely the ability of the average person to run a full node. There's no locus of power to attack. Every node is equal on the Bitcoin network and they're distributed all across the world on every continent. Every quadrennial cycle, while higher profile individuals and entities attack Bitcoin to further various agendas, these attacks only end up effecting even greater faith in the protocol.

Being a pure P2P network allows Bitcoin to withstand state attacks (Satoshi, 2008)

Lightning Network

Lightning Network is a decentralized layer-2 network protocol that uses a native smart contract scripting language to enable instant, almost feeless Bitcoin payments.

On the Lightning Network, both parties to a transaction are required only to have a sufficiently funded open channel on the network. This is done through a single on-chain transaction.

If there is a direct channel open between the parties, the transaction is routed directly and incurs zero fees. Without a direct channel, the transaction is routed through routing nodes.

Whan a transaction passes through a routing node, it is referred to as a "hop". There are currently 23k nodes on the Lightning Network with 13k nodes having active channels.

Three years ago, Lightning Network was admittedly far from ideal for everyday payments.

Lightning Network Node Map (March 2018)

But the network has seen exponential growth since, particularly this year. Lightning Network is now a fully-fledged global payments network secured by the Bitcoin blockchain. Lightning wallets have also come a long way and are now very intuitive to use for the average user.

Lightning Network Node Map (July 2021)

Network capacity has doubled this year. Likewise, nodes and channels have grown exponentially, reducing the number of hops and fees incurred for hops through routing nodes, and improving channel lifespan.

Lightning Network's remarkable growth has inspired some exciting developments this year,

Following the success of the Bitcoin beach project, a pilot for Lightning Network's viability as MoE, El Salvador has adopted Bitcoin as legal tender. Other countries like Tonga, Colombia and other LatAm countries have expressed interest to follow suit.

Strike app has introduced a Bitcoin tab with the ability to purchase Bitcoin for a nominal fee of a few cents through the Lightning Network.

Twitter CEO Jack Dorsey has stated that the company is looking into integrating a tipping system on the platform using the Lightning Network.

Square is building an open-source, permissionless, non-custodial DeFi platform on top of Bitcoin.

Feeless payment of 1 satoshi sent from Spain to Tokyo via Lightning Network

Taproot

Now with Lightning Network's maturation as an instant, almost feeless, infinitely scalable decentralized global payments network, Bitcoin is shifting focus to its next big milestone, Taproot, which is due to go live in November at block height 709632.

Taproot brings a set of protocols that further enhance Bitcoin's privacy, scalability and unlocks the path for seamless integration of smart contracts on Bitcoin. Following on from SegWit, Taproot will allow even more efficient use of block space by introducing a new type of output - Pay to Taproot (P2TR).

P2TR uses Schnorr signatures, which are more compact than the conventional Elliptic Curve Digital Signing Algorithm (ECDSA) signatures. Schnorr signatures are between 6 and 9 bytes shorter than ECDSA.

Perhaps the most exciting aspect of Schnorr signatures is that it enables the aggregation of multiple signatures into a single signature. This opens up infinite possibilities, including being able to execute L2/sidechain smart contracts as a simple regular transaction on-chain.

It's a truly game-changing development, as it allows Bitcoin to have smart contracts without bloating the blockchain layer. Smart contracts can be run through L2/sidechain protocols, but on the Bitcoin blockchain, they only take up the space of any other transaction. It ensures that users are still able to economically run their own Bitcoin full node.

Schnorr signatures bring more privacy to transactions by making multiple-signature transactions indistinguishable from single-signature transactions, and improve the security of layer-2 protocols by being provably non-malleable, meaning a third party cannot alter an existing signature.

Further, Taproot also includes optimization for the Lightning Network called Point Time-Locked Contract(PTLC). PTLC replaces Hash Time-Locked Contract(HTLC). PTLC uses adaptor signatures, which enhance privacy and security on the Lightning Network, enabling escrow contracts in Lightning channels and allowing users to retry stuck payments.

These are very exciting times to be a Bitcoiner and that has nothing to do with Bitcoin's price.

Cypherpunks write code.

Curfew cocktail bar in Copenhagen, Denmark accepting Lightning payment

submitted by /u/xcryptogurux
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A cogent explanation for why we need sound money and the separation of money and state. This is why Bitcoin Cash.

A cogent explanation for why we need sound money and the separation of money and state. This is why Bitcoin Cash. submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/oqagbu/a_cogent_explanation_for_why_we_need_sound_money/

It's Fusion Friday!

CashFusion is a privacy protocol for Bitcoin Cash where users mix their coins with each other to make their transactions more private.

With CashFusion, your finances are your business, and no one else's. Over 5.5 Million Bitcoin Cash has already been made private using this innovative, non-custodial mixing protocol.

You can "Fuse" all week for a few cents in fees if you want. This post is just a weekly reminder. (And it gives users a specific time to coordinate their fusing if they want. The more people using CashFusion at once, the more effective it is!)


New to CashFusion? No problem, getting set up is pretty easy =)

First, download the Electron Cash desktop wallet. It's got CashFusion built in.

Set up your wallet (and be sure to write down your recovery phrase on a physical piece of paper), then activate CashFusion by clicking the icon in the lower right: https://i.imgur.com/DXEPLtf.png

Once it's activated, your wallet will start "fusing" the Bitcoin Cash it contains. Fusions happen over time as their own transactions, and they only cost you the network transactions fees (so less than a penny, usually).

Each fusion transaction will include some of your coins*, so it will take multiple fusion transactions before all the coins in your wallet will be fused. (In the View menu, toggle the "coins tab" to see all of the coins in your wallet. In the "Label" field, fused coins will show CashFusion info.)

Currently, Electron Cash keeps fusing your coins indefinitely. The plan is to eventually allow you to stop fusing automatically after some number of fusions per coin but, until then, there's no downside to leaving it to fuse continuously besides paying the transaction fees. (Every fusion gives you that much more privacy, while also providing "liquidity" for other fusers.)

Electron Cash does not yet prevent you from spending un-fused coins, nor does it prefer fused coins when spending, so it's probably best to leave it fusing and keep your whole wallet fused, and to pick your coins manually from the Coins tab. If you want that coin-management taken care of for your (and/or you're not comfortable picking from the Coins tab), you can always switch back to CashShuffle for now. (It's in the Optional Features window, accessible from the Tools menu.)

Here's the CashFusion Telegram group where you are welcome to ask questions. (Just remember to be courteous!)

Happy Fusing!! <3

*"Coins" are kind of a confusing concept when it comes to Bitcoin, but you can think of them just like discrete "bills" (or... "coins") in your wallet, but instead of coming in only certain sizes like $1, $5, $10, $20, etc, they can be any amount sent to you in a previous transaction, like 0.618 BCH, 0.000001 BCH, or 123.45679 BCH. (They can also be combined and split up. That happens in most transactions!)

submitted by /u/AD1AD
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source https://www.reddit.com/r/btc/comments/oqapoz/its_fusion_friday/

Amazon Is Looking to Hire a Digital Currency Lead

Amazon Is Looking to Hire a Digital Currency Lead submitted by /u/Georgelynch1986
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Amazon Is Getting Serious About Accepting Bitcoin For Payment

Amazon Is Getting Serious About Accepting Bitcoin For Payment submitted by /u/Bozzooo
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US Dollars are created by a debt-based pyramid scheme, fronted by an investment-based Ponzi scheme. Learning this is what converted me into a Bitcoin HODL’r years ago without ever looking back

US Dollars are created by a debt-based pyramid scheme, fronted by an investment-based Ponzi scheme. Learning this is what converted me into a Bitcoin HODL’r years ago without ever looking back submitted by /u/ShldVBoughtBitcoin
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tHe Ecstasy oF bITcoin.

tHe Ecstasy oF bITcoin. submitted by /u/luisantrader
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My Message Sent All Dogecoin

My Message Sent All Dogecoin submitted by /u/Psychological-Cut466
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source https://www.reddit.com/r/btc/comments/oq9v3m/my_message_sent_all_dogecoin/

I made an open-source multisig hardware wallet!

A healthy mixture of paranoia, frugality, and the desire to become One with the Bitcoin has culminated in...

Krux Wallet, software that turns your M5StickV into an airgapped hardware wallet.

Krux is written in (Micro)Python and built on top of the awesome embedded bitcoin library embit.

It only works as a cosigner in a multisignature setup and communicates via QR codes, sending and receiving. It also never writes your keys to disk, so it may be odd to consider it a "wallet." It's probably more accurate to call it a hardware signer.

The reason I chose the M5StickV for this over something like the Pi is because:

  1. You can buy it and use it as-is, no assembly required.
  2. At < $50, it's cheap for all the parts you get: screen, camera, buttons, battery, etc.
  3. Nobody else had done it yet (I think). There's already a great project for the Pi called SeedSigner!

It needs more thorough testing and vetting before I would consider it production-ready, but it's now "feature complete" and I wanted to share it with the community!

submitted by /u/jreesun
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There are already prostitutes in my city who accept payments with Bitcoin (First World) BITCOIN WILL BE MASSIVE BRO!

There are already prostitutes in my city who accept payments with Bitcoin (First World) BITCOIN WILL BE MASSIVE BRO! submitted by /u/TercioEuropeo
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What's your favorite Bitcoin Cash Full Node to run?

I've tried looking into the difference between all the full nodes and can't seem to find any solid differences between them all. What would be the easiest node to setup?

submitted by /u/FamousM1
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source https://www.reddit.com/r/btc/comments/oq8bk1/whats_your_favorite_bitcoin_cash_full_node_to_run/

How will Blockchain and Cryptocurrency mold the future?

How will Blockchain and Cryptocurrency mold the future? submitted by /u/JanFromAbra
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source https://www.reddit.com/r/btc/comments/oq81ay/how_will_blockchain_and_cryptocurrency_mold_the/

Bitcoin Bears Fail To Stick In Final Knife, Why A Short Squeeze To $40K Could Be At Play

Bitcoin Bears Fail To Stick In Final Knife, Why A Short Squeeze To $40K Could Be At Play submitted by /u/reddotarae51
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source https://www.reddit.com/r/btc/comments/oq8wr8/bitcoin_bears_fail_to_stick_in_final_knife_why_a/

Ukraine Plans to Adopt Cryptocurrencies by 2024

Ukraine Plans to Adopt Cryptocurrencies by 2024 submitted by /u/artbyash
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source https://www.reddit.com/r/btc/comments/oq8hqc/ukraine_plans_to_adopt_cryptocurrencies_by_2024/

Friday, 23 July 2021

FREE CRYPTO APP

Say hello to TTcoin, the cryptocurrency of the future. join your friend now https://play.google.com/store/apps/details?id=com.ttcoin.tc&referrer=GxpllHKhcAM3HEpWLo5pxvJTKb02

submitted by /u/Possible-Leader-7833
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source https://www.reddit.com/r/btc/comments/opqzj3/free_crypto_app/

📖Libros Libertarios, online book store accepts BCH in Argentina

📕📗You can buy more than 300 books, they have student packs and sets📓📚Using Bitcoin Cash as a payment method

📦Shipping service to the whole country and internationally

Web: Libroslibertarios.com.ar IG: https://instagram.com/libroslibertarios

https://i.imgur.com/U2zIMBw.jpg

submitted by /u/BitcoinCashArgentina
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source https://www.reddit.com/r/btc/comments/oppgmj/libros_libertarios_online_book_store_accepts_bch/

At this point, we can agree that Twitter/Jack is a malicious maxi

At this point, we can agree that Twitter/Jack is a malicious maxi submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/opptnr/at_this_point_we_can_agree_that_twitterjack_is_a/

Okex listing AMA with Karura network.

Okex listing AMA with Karura network. submitted by /u/Safdar_0900
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source https://www.reddit.com/r/btc/comments/oppyrj/okex_listing_ama_with_karura_network/

Elon Musk Flips Positive On Bitcoin (BTC), But The Damage Is Already Done!

submitted by /u/Coinbuzzfeed
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source https://www.reddit.com/r/btc/comments/oppojf/elon_musk_flips_positive_on_bitcoin_btc_but_the/

Michael Saylor is CRUSHING it!

Am I the only one that thinks MICHAEL SAYLOR does an outstanding job explaining the multitude of benefits being a Bitcoin Hodler?

Honestly the majority of minutes I get to watch tv, I watch YouTube interviews of MS!

submitted by /u/Fun_Letter8435
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I opened my first Lightning channel in a triangle swap!!!

First of all, huge shout out to Alan Lightning Network Plus for providing an amazing service and taking time to assist me personally. Also shout out to the RaspiBlitz team for making such a great open source project that makes running a lightning node mindless.

I have been terrified to use lightning. I don't understand how it works fully. It seems most of the resources either give you some very superficial overview, or go DEEP and require lots of time to grok. I ended up listening to the Lightning series just released on the What Bitcoin Did podcast. Some amazing information that hit the sweet spot and helped me understand a little bit better and lift some of the fear.

I don't care about earning fees. I just want to grow the network, provide more routes and more liquidity for more people with the goal of increasing adoption. Now I need to learn how to recover funds in the event I need too -- a bit of a scary knowledge gap that I want to close before I open more channels.

For anybody considering running your own node, I hope my experience might help you drum up the courage to do it yourself. I am happy to help in any way that I am able. Here are some resources:

RaspiBlitz BTC+LN Node

Lightning Network Plus Swaps

What Bitcoin Did podcast

MIT Open course covering lightning (with instructor Tadge Dryja, founder of the lightning network!)

submitted by /u/turick
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U.S. Largest Bank Opens Access To Bitcoin,For Retail Wealth Clients

U.S. Largest Bank Opens Access To Bitcoin,For Retail Wealth Clients submitted by /u/oldgodemo1
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4 years later

4 years later submitted by /u/ishankbahl
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They've already deployed 700 Bitcoin ATM's in 30 states

They've already deployed 700 Bitcoin ATM's in 30 states submitted by /u/Bitcoin_Magazine
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Can Bitcoin actually save the Planet? Jack Dorsey, Elon Musk & Cathie Wood just changed my Mind.

Can Bitcoin actually save the Planet? Jack Dorsey, Elon Musk & Cathie Wood just changed my Mind. submitted by /u/TheDudeExperience
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Cant sign into Coinbase Pro, suddenly getting errors listed in post

f2f04166 and abe2228f.

Anyone else having this issue?

submitted by /u/harrrysims
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With current FUD, don't panic sell. Bitcoin's value will still go to infinity on the long term. Here is why.

During these times, I see a lot of FUD around and newbies are converting their sats back into USD because they fear to lose it all. That’s unfortunate.

What are the reasons of this sell-off? They treat Bitcoin like risky stocks, get rich quick scheme or worst, they don’t understand how basic economy works They have no idea that Bitcoin changes everything and will transform our entire society for the better.

As a result, I wanted to emphasize once again why our world needs Bitcoin and reassure everyone that its value is scheduled to go to infinity on the long term.

1) We will always want to have more than our neighbors

Since the early ages, humans have always lived in societies to survive and evolve. Social mechanisms have bring the dominance question into the equation: in order to establish our status among our society, we want to have more money than others to show dominance.

Not so long ago, some guys found a new way to distinguish themselves from the masses even more. Their idea was to privately own businesses and make people work for them so they can keep all the profits. It is called capitalism and is still considered the best system nowadays.

2) Inflation makes rich richer, while making poor poorer

An interesting lever for our elites to keep earning more is infinite growth. One way to do it is to let banks print new money which will be injected into the economy. Businesses will produce more, people will have more money, making owners wealthier.

However, the more money is printed to support growth, the bigger the money supply gets, and the more prices of goods and services go up. This is inflation. As wages don’t increase at the same level, employees get less buying power over time, making them poorer.

3) Deflation system will never be voted by elites

Remember, governments and business owners will always want to save their privileged status. Stopping money printing, would result in deflation, which means that prices would go down and people stop buying. Why buying something today when it will be cheaper tomorrow?

At that point, companies would go bankrupt, and shareholders would lose their wealth. You know understand how this is important for them to keep inflation running. Quite easy to do : banks simply have to lower loans APR to encourage people to take credits and buy stuffs.

4) Inflationary system has plenty of other negative effects

Inflation is also an endless nightmare. Banks or countries borrows money from central banks but their debts will never be paid back. Instead, they take new debts to reimburse part of the old debts. Money printer will never stop. This is actually getting worst over time.

Last but not least, inflation is not a sustainable system for our finite planet. Always-increasing mass consumerism consumes always more energy and resources that are not abundant. Global warming and climate change will never slow down by itself in an inflationist economy.

5) Be your own bank with Bitcoin and change the system

To make things clear from the start, Bitcoin is our only hope to change the system. You don’t know who to vote for at the next elections because you don’t trust them to bring a working solution? Just buy Bitcoin and hold it. This will be your best vote to have a real impact.

Here are the 5 main reasons why Bitcoin is the only viable solution :

a) Bitcoin is decentralized: it is not governed by anyone and has been designed to follow the exact same principles and will continue to deliver as promised forever. Algorithms embraces certainty. It is the opposite of human-based government that can change rules every now and then to please their own bank account.

b) Bitcoin has a 21M max supply: this is the first time in history we are dealing with an asset that will always be absolutely finite (not even gold), and cannot be replicated. Less and less coin will be produced until 2140, making it the perfect deflationary asset, without mentioning coins that will be lost forever. It is the opposite of central banks which are printing infinite FIAT currencies.

c) Bitcoin is the most secured asset: billions of successful transactions to date and millions of wallets without a single hack to date. The more people join, the more the network is strong and secured. Bitcoin is your secured property as opposed at current systems where banks are hacked every day and could collapse or take your gold in absolute necessity.

d) Bitcoin is the most liquid asset: you are always 1 click away to send any amount to anyone, at any time, and anywhere in the world. Everyone can be its own bank without any government intervention or third party censorship.

e) Bitcoin is the perfect ledger: blockchain technology keeps perfect track of every transaction that has ever happened. You would rather buy your drugs with cash than buying them with Bitcoin. Same principle with corrupted governments in a lot of third countries.

6) Bitcoin is a store of value asset above all

As you have probably noticed, and despite what is written on the Bitcoin white paper, I want you to treat Bitcoin like an store of value asset first. The currency/cash feature is just the cherry on top the cake that Satoshi offered to us.

However, as each Bitcoin transaction is considered a taxable event in many countries, this does not advocate for a currency usage. The high transaction fees are also a challenge that will need to be adressed. There are layer-2 solutions like lightning network that will help in that matter.

7) Bitcoin is incentiving holders to think long term

Bitcoin being deflationary, it encourages people to hold their sats on the long term. Nobody wants to sell their bitcoins into a weaker currency that is losing more value over time. Never compare the price of 1 BTC to USD, this is pointless as USD price will go to infinity because of infinite money printing. This is why 1 BTC will always be equal to 1 BTC.

To judge Bitcoin’s value, think instead on its USD market capitalization and compare it to other scarce asset market caps. Bitcoin still has room to grow 10x its current price to have the same value of gold. 100x to have the same value of real estate. If you consider that Bitcoin is scarcer, more secured, and more liquid than these 2 assets, I let you imagine how early we still are.

Satoshi has created the ultimate savings account, going up to infinity and making long term holders winners.

I hope this summary will help people to realize how important Bitcoin is for our future. It is our escape gate to a fair, inclusive and sustainable world. Buy, hold and spread the word around you!

And that’s all I have to say about that.

submitted by /u/arnaudmrtn
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Just gifted my 1 year old nephew some btc

My darling nephew just turned one yesterday. Decided to gift him a little btc and eth. Educated his parents about the importance of HODLing. I feel like I deserve the best uncle award lol!

Edit: omg my first gold ever!! thank you whoever you are :D

submitted by /u/hertzandsterz
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“Bank of Russia prohibits country's stock exchanges for offering Bitcoin linked assets”. These dudes don’t know that no one cares about that!

“Bank of Russia prohibits country's stock exchanges for offering Bitcoin linked assets”. These dudes don’t know that no one cares about that! submitted by /u/andrytail
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Willy Woo on Twitter - A longitudinal study of #Bitcoin's supply distribution since the genesis block. Summary: Bitcoin continues a 12 year trend of distributing evenly. Small holders are a rising force. (Includes new data unseen before from Entities, not addresses on-chain analysis.)

Willy Woo on Twitter - A longitudinal study of #Bitcoin's supply distribution since the genesis block. Summary: Bitcoin continues a 12 year trend of distributing evenly. Small holders are a rising force. (Includes new data unseen before from Entities, not addresses on-chain analysis.) submitted by /u/soyc76
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If you had 20k to go into BTC, when and how would you do it?

A friend wants to invest so asked me what's best, so I'm asking y'all.

Just trying to gauge general sentiment at the moment.

Obviously not official advice and they will use their own judgement but thought it couldn't harm just to get some ideas to feedback to a new investor who has researched and is ready to begin.

Thanks.

submitted by /u/ravenhands
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Hey Elon, that is Bitcoin Cash BCH you are describing. Welcome!

Hey Elon, that is Bitcoin Cash BCH you are describing. Welcome! submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/opjb6b/hey_elon_that_is_bitcoin_cash_bch_you_are/

We just onboarded our 2,000th verified new #BCH user in calendar year 2021!

We just onboarded our 2,000th verified new #BCH user in calendar year 2021! submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/opjbyo/we_just_onboarded_our_2000th_verified_new_bch/

Best Place to Trade BTC Options?

I know LedgerX exists, but from what I understand the volume is so low it impacts spread. I would prefer to trade via DeFi personally, is there a platform with sufficient volume yet? Preferably, I could do options and leveraged shorts/longs in the same platform. I know Binance has "options" but they're stupid. Would also like to trade options with Ethereum as the underlying.

submitted by /u/Queasy-Sea395
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source https://www.reddit.com/r/btc/comments/opkeox/best_place_to_trade_btc_options/

Tether: "Just a reminder, NOT disclosing the composition of commercial paper holdings out of respect for the privacy of banking partners "IS NOT A THING"! Unless of course you have something to hide... like why nobody in the commercial paper market has ever heard of you." Zev Fima

Tether: "Just a reminder, NOT disclosing the composition of commercial paper holdings out of respect for the privacy of banking partners "IS NOT A THING"! Unless of course you have something to hide... like why nobody in the commercial paper market has ever heard of you." Zev Fima submitted by /u/user4morethan2mins
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source https://www.reddit.com/r/btc/comments/opkbbj/tether_just_a_reminder_not_disclosing_the/

Elon Musk Discloses SpaceX’s Bitcoin Holdings

Elon Musk Discloses SpaceX’s Bitcoin Holdings submitted by /u/ShondraRiemann
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source https://www.reddit.com/r/btc/comments/opjsrw/elon_musk_discloses_spacexs_bitcoin_holdings/

Elon Musk Thinks BTC Is On Its Way Toward a Greener Future

Elon Musk Thinks BTC Is On Its Way Toward a Greener Future submitted by /u/CorrineSomers
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source https://www.reddit.com/r/btc/comments/opjpz8/elon_musk_thinks_btc_is_on_its_way_toward_a/

Thursday, 22 July 2021

B-Word Conference 7/21/21: Exclusive Elon Musk Highlights

B-Word Conference 7/21/21: Exclusive Elon Musk Highlights submitted by /u/WatchOutForShredder
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Elon Musk: Tesla, SpaceX and I are not selling Bitcoin

Comment just made on The B Word conference

submitted by /u/Major_Bandicoot_3239
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Elon Musk says Tesla will likely start accepting bitcoin again.

Elon Musk says Tesla will likely start accepting bitcoin again. submitted by /u/TheLuckyLeandro
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Whales added 96,000 bitcoin in the past three weeks while weak hands were selling in fear of sub $30,000 btc

Whales added 96,000 bitcoin in the past three weeks while weak hands were selling in fear of sub $30,000 btc submitted by /u/Financial_Cable9276
[link] [comments]


Elon Musk Confirms That SpaceX Holds Bitcoin

Elon Musk Confirms That SpaceX Holds Bitcoin submitted by /u/lwc-wtang12
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Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report

Former Ethereum Developer Virgil Griffith Arrested for Signing Into His Coinbase Account: Report submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/ooy1pn/former_ethereum_developer_virgil_griffith/

Celestic Incorporation Already??

Celestic Incorporation Already?? submitted by /u/DeezerMyNuts
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source https://www.reddit.com/r/btc/comments/ooy09q/celestic_incorporation_already/

FULL B Word Conference | Elon Musk, Jack Dorsey & Cathie Wood on the state of Bitcoin

FULL B Word Conference | Elon Musk, Jack Dorsey & Cathie Wood on the state of Bitcoin submitted by /u/MQplaya
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source https://www.reddit.com/r/btc/comments/ooxtiq/full_b_word_conference_elon_musk_jack_dorsey/

Best reliable crypto loan?

Ive just gone live offering paralegal services, doing final demands and branching out into recovering crypto from dodgy wallet providers for clients. I need to do some serious maintenence and marketing that's expensive (I'm a student doing my second degree). Does anyone know a decent crypto loan provider that doesn't have high interest rates and easy to deal with?

submitted by /u/karen_from_marketing
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source https://www.reddit.com/r/btc/comments/ooxky6/best_reliable_crypto_loan/

Why we need Bitcoin Cash

Why we need Bitcoin Cash submitted by /u/arldyalrdy
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source https://www.reddit.com/r/btc/comments/oowd0m/why_we_need_bitcoin_cash/

Reminder: Today, US Congressman Rep Brad Sherman Who is Trying to ‘Shut Down’ Crypto and Gets His Biggest Donations From Big Banks, Is Having a Town Hall on July 21st, 7pm. Might Be a Nice Time to Call In and Remind Him Who He's Working For

Reminder: Today, US Congressman Rep Brad Sherman Who is Trying to ‘Shut Down’ Crypto and Gets His Biggest Donations From Big Banks, Is Having a Town Hall on July 21st, 7pm. Might Be a Nice Time to Call In and Remind Him Who He's Working For submitted by /u/SatOnMyBalls_
[link] [comments]


How to watch the B-Word Conference (with Elon Musk, Jack Dorsey and Cathie Wood etc.)

  • go to thebword.org/
  • Register you institution (mine is the famous Large Ball Sack SE)
  • Watch the live streams from 9 am PDT (16:00 UTC) to day

Edit: you can just follow these links to watch the live streams without registration:

Title/Link Description PDP Time (UTC)
Demystifying Bitcoin Session 1: Debunking "Bitcoin Wastes Energy" Session 2: Debunking "Bitcoin Faciltates Criminal Activity" Session 3: Debunking "Bitcoin is Unscalable" Session 4: Debunking "Bitcoin Ownership is Concentrated" Session 5: Debunking "Bitcoin Can Be Displaced Easily" 9am PDT (16:00 UTC)
Bitcoin As A Tool For Economic Empowerment Featuring Cathie Wood, Jack Dorsey, and Elon Musk, Steve Lee will moderate this live panel discussion where nothing is off limits! 11am PDT (18:00 UTC)
Supporting the Developer Ecosystem Session 1: Unpacking Open Source Development Session 2: The Bitcoin Developer Landscape Session 3: Solutions Panel Session 4: A Call to Action 12am PDT (19:00 UTC)
Securing the Bitcoin Network Session 1: Consensus Session 2: Proof of Work Session 3: Attack Vectors 2:25pm PDT (21:25 UTC)
Regulating Bitcoin Session 1: Regulating Bitcoin Keynote Session 2: Bitcoin and AML Session 3: A Congressional Outlook on Bitcoin 4:10pm PDT (23:10 UTC)
Preserving the Bitcoin Ethos Session 1: Institutionalizing Bitcoin Session 2: Bitcoin and IP Session 3: Bitcoin and ESG 5:55pm PDT (00:55 UTC)

submitted by /u/FrivolerFridolin
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Elon Musk: SpaceX owns Bitcoin

I was aware of Tesla and Elon owning it but not SpaceX. Is this new news or am I just an idiot!?

submitted by /u/Major_Bandicoot_3239
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Bitcoin is an asset class and people wants to invest and our job is to help them put their money where they want to invest, JP Morgan’s Mary Callahan Erdoes

Bitcoin is an asset class and people wants to invest and our job is to help them put their money where they want to invest, JP Morgan’s Mary Callahan Erdoes submitted by /u/andrytail
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Live 🔴 (9 Minutes): Tether CTO and Lawyer on CNBC

Live 🔴 (9 Minutes): Tether CTO and Lawyer on CNBC submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/ootawe/live_9_minutes_tether_cto_and_lawyer_on_cnbc/

Bought some Bitcoin cash on Venmo

Bought some Bitcoin cash on Venmo submitted by /u/arldyalrdy
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source https://www.reddit.com/r/btc/comments/oottu0/bought_some_bitcoin_cash_on_venmo/

What will your part in BCH be?

What will your part in BCH be? submitted by /u/BU-BCH
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source https://www.reddit.com/r/btc/comments/oovus4/what_will_your_part_in_bch_be/

We are halfway through with the Flipstarter campaign and want to share a quick update on the OPTN rewrite and refactoring for the Badger Mobile Wallet

We are halfway through with the Flipstarter campaign and want to share a quick update on the OPTN rewrite and refactoring for the Badger Mobile Wallet submitted by /u/lightswarm124
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source https://www.reddit.com/r/btc/comments/oovkpy/we_are_halfway_through_with_the_flipstarter/

Security alert: It's trivially easy to break into mobiles. It doesn't even require any action from the user and a fresh default Android/iPhone installation with the latest security patch is just as vulnerable.

Security alert: It's trivially easy to break into mobiles. It doesn't even require any action from the user and a fresh default Android/iPhone installation with the latest security patch is just as vulnerable. submitted by /u/unitedstatian
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source https://www.reddit.com/r/btc/comments/oov9ca/security_alert_its_trivially_easy_to_break_into/

Analyst Worried: Bitcoin Is On The Way To $13,000!

Analyst Worried: Bitcoin Is On The Way To $13,000! submitted by /u/sezginyildirim
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source https://www.reddit.com/r/btc/comments/oovoa0/analyst_worried_bitcoin_is_on_the_way_to_13000/

Viking Silver Found on Isle of Man Represents 1,000-Year-Old Analog Version of Bitcoin

Viking Silver Found on Isle of Man Represents 1,000-Year-Old Analog Version of Bitcoin submitted by /u/JonyRotten
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source https://www.reddit.com/r/btc/comments/oovmom/viking_silver_found_on_isle_of_man_represents/

Live

Live submitted by /u/moty_k6
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source https://www.reddit.com/r/btc/comments/oovy6s/live/

Major Crypto Mining Company Core Scientific Going Public On Nasdaq With $4.3 Billion Valuation

Major Crypto Mining Company Core Scientific Going Public On Nasdaq With $4.3 Billion Valuation submitted by /u/Crypticda
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source https://www.reddit.com/r/btc/comments/ootrfr/major_crypto_mining_company_core_scientific_going/