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submitted by /u/AcerbLogic2 [link] [comments] |
source https://www.reddit.com/r/btc/comments/ozei2j/the_irs_has_seized_12_billion_worth_of/
Saturday, 7 August 2021
The IRS has seized $1.2 billion worth of cryptocurrency this fiscal year – here’s what happens to it
source https://www.reddit.com/r/btc/comments/ozei2j/the_irs_has_seized_12_billion_worth_of/
After 4 months!! "Greetings #crypto community. Letting you all know that I have resigned as CEO of BinanceUS Despite differences over strategic direction, I wish my former colleagues much success."
Biggest mistake in life
My biggest mistake in life I converted eth to bch at 1:1ratio
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source https://www.reddit.com/r/btc/comments/ozgqna/biggest_mistake_in_life/
![Philipp Plein now accepts Bitcoin Cash! [Luxury men's and women's apparel, Fragrances, Household items]](https://external-preview.redd.it/Sv4yRruT1g_yjRZTmTNDVkjoubTdWqg_pGhhM3E-Lfk.jpg?width=640&crop=smart&auto=webp&s=b3ce0dd5a5367a9bbb1fc020f738c6bf53556183 "Philipp Plein now accepts Bitcoin Cash! [Luxury men's and women's apparel, Fragrances, Household items]")
Sen. Lummis amazing speech on the Senate floor defending Crypto.
https://youtu.be/H8HS92IveEY?t=230
Please call:
Call your Senators right now at 517-200-9518 and tell them to support this amendment!
We'll connect you to their offices and guide you through the process.
When a staff member answers, tell them:
“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”
https://np.reddit.com/r/Bitcoin/comments/oxylqf/update_last_week_news_broke_that_hidden_within_an/
Also you can use this link below to do it easily:
Edit: Another very fast and easy way to do it here:
https://resist.bot/petitions/plwpcn/
Edit 2: Watch this excellent rant by Charles Hoskinson: Warner-Portman-Sinema v Toomey-Wyden-Lummis
Edit 3: Thanks u/crypto_grandma
For those that think it won't make any difference, I saw this comment in the pinned post on this issue in r/Bitcoin that hopefully will encourage people to see they can make a difference:
I interned for an organization that works on calling/emailing congressmen and senators on acts that we need to pass.
I never knew how this actually DOES make a difference.
You don't even need to say the paragraph, you can say some simplified short sentence like "I support this amendment to this act". An intern answering your call will add a tally to "support this amendment to this act" to the call report that is sent to the congressional leader and their staffers. It is an email containing numbers of how many people called about what. We can really work together to make this staggering.
True, there may be some senators that are being disgustingly lobbied out of their decisions. But there are also those who are genuinely interested/confused on cryptocurrency and this shows them the general public consensus to support.
You can literally call/email every week on repeat, it goes on a fresh new report each week. Please help in making this work.
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WITHDRAWRALS U.K
What is the best way to sell and withdraw my btc in gbp from ledger ,previously used binance what other alternative broker would recommened in the u.k,and what banks are still allowing crypto?
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source https://www.reddit.com/r/btc/comments/ozdvyr/withdrawrals_uk/
UPDATE: The White House is backing a terrible NEW cryptocurrency amendment that would kill off PoS validators, DEXs, DeFi, & many others. If you haven't called yet, do it now. If you've already called in support of the Wyden amendment, CALL AGAIN to tell your Senators to REJECT the Warner amendment!
There is a massive fight going down in the US Senate right now over which direction they will take in regards to cryptocurrencies. The original bill submitted by Senators Portman and Sinema was terrible, and enabled mass-surveillance of the entire crypto-economy.
Fortunately, Senators Wyden, Toomey, and Lummis introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers.
Unfortunately, last night Senators Warner, Portman, and Sinema introduced a separate amendment that would make the original bill even worse! The White House has come out in support of this bad amendment, and many within the senate are hailing is as a "compromise", but in reality it's even worse than the original bill. Their amendment would kill off PoS validators, DEXs, DeFi, & many other entities in the crypto-economy. Don't let this sneak attack slip through!
Check out this thread for a more detailed overview: https://twitter.com/jchervinsky/status/1423653963191230471
We must tell our senators to vote NO on the Warner-Portman-Sinema amendment and vote YES on the Wyden-Lummis-Toomey amendment!
If you haven't called yet, do it now. If you already called in support of the Wyden amendment, CALL AGAIN to tell your Senators to REJECT the Warner amendment!
Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.
When a staff member answers, tell them:
“Hi, I’m calling to ask that you support the Wyden-Toomey-Lummis amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. I also ask that you vote NO on the Warner-Portman-Sinema amendment, which is being described as a compromise but would be a disaster for the technology. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”
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The a plot twist for speculators: after a year of selling and making a 100 Xer, the regulator will come for their fiat. There's a strong case for getting a crypto with utility and staying in even if the goal is getting more fiat.
BTC MINING
so i just got my first Rig and my PCIE risers keep disconnecting from the motherboard any info on this? it just runs for x amount of time and then stops mining due to GPUs disconnecting and now 1 GPU wont even register at all no matyter how many times i unplug and replug in.
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source https://www.reddit.com/r/btc/comments/ozc5hk/btc_mining/
Friday, 6 August 2021
China Made a HUGE Mistake, US Dollar to Reign Supreme, Western Countries Will Dominate World Wealth in BTC
From a strategic standpoint, China made an enormous blunder with its attempts to throttle innovation in Bitcoin mining domestically. If prisons have taught us anything it's that things like capital controls do not work the way that the people implementing them intend when they decide to implement them. Even in a prison people still find ways to get cigarettes, drugs, and even paper currency. But even the richest guy in a prison would almost always give it all up to be free and on the outside.
What China is doing today is creating a prison for its citizens to protect its political power. Capital controls are just one symptom of an oppressive regime. And they are doomed to fail ultimately. Because most people want the same things from their life and government. They want to be treated fairly and to be left alone so that they can use their freedom to provide for themselves and prosper.
The purpose of the state should be to facilitate freedom and to only impede upon it in good faith. Banning Bitcoin mining so abruptly is not a good faith action by a government. It's disrespectful to the people that have been affected and it's harmful to the overall prosperity of the state long term. One of the primary goals of a government that wants to be successful is that it should use its power to promote the highest level of prosperity that it can for its citizens. That means helping people be productive. That's the whole purpose behind building roads, dams, sewers, electric grids, etc. etc. THAT IS THE BACKBONE OF WEALTH.
People might hate corporations for their greed but there is also a lot of wealth created because of them. I can buy a cheeseburger for a dollar at two in the morning because of greed. I have a wireless mouse because of greed. A king in 1500 by almost every measure is poorer than an average person living today in Western Countries because of greed.
The United States is dominating Bitcoin. We have 80 percent of the Bitcoin ATMs already. It's difficult to know for certain but we probably control 80 percent of the supply of Bitcoin as well.
My point is that if this thing does become worth 1 million dollars a Bitcoin the Chinese are going to look back on this period of time as a monumental mistake. Because they will have made the dollar the permanent world currency because most of the trading for BTC is settled in dollars and it will be an enormous market. It means all the third world countries with weak currencies will trade in BTC and dollars as well. If China were thinking clearly they would realize that they NEED to be in this market to protect their longterm power. They should lift the capital controls for this asset class.
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Why stay with ASIC-based PoW?
I've seen some recent discussion about Proof of Stake beeing more centralized (because of the recent ETH upgrade) and would like to have a small debate about that.
In any system people with more money have more power, since people that have power in the new system are always willing to sell out.
People with more BTC/BCH could buy more ASICs/manufacture those and mine more BTC/BCH, rinse and repeat.
Thus I would argue that if you want to improve decentralization, you should either:
- lower the barrier to entry, such that more people can participate in consensus (e.g. by using CPU/GPU based PoW)
- let people directly vote with their money (instead of requiring them to buy extra hardware, have cheap electricity, etc.)
One counterargument I've seen is that the advantage of ASICs is that they are only useful for mining and thus miners have a vested interest in the future of BTC/BCH.
I would argue that the incentives of users and validators are even better aligned in PoS, since:
- the block producers are the actual users of the cryptocurrency and not a distinct group
- they have a vested interest aswell, which is even stronger since it's in the form of the token of the network itself
- they get slashed/penalized for attacking the network, if someone attacks BCH you can't magically destroy their ASIC, and if the attack would be successfull they could still use their ASIC on some other network with the same PoW algo such as BTC
Another counterargument I've seen is that the centralization of miners doesn't matter, I probably disagree with this the most because:
- if you don't care about the centralization of miners and think only the number of nodes in the network matter (when meassuring decentralization), you might as well just use PoA and let a select few produce blocks (I hope you see why this wouldn't be a good idea)
- I want to be able to produce blocks and participate in the consensus as well
[link] [comments]
source https://www.reddit.com/r/btc/comments/oyt83o/why_stay_with_asicbased_pow/
Let's talk about DAOs!
Recently came across a brilliant definition of a DAO on this Youtube channel. "DAOs allow internet strangers to organize in large groups under a common banner in pursuit of a shared vision" https://www.youtube.com/watch?t=239&v=TbQWgePDLTU&feature=youtu.be&ab_channel=Wintergatan
Users that become part of a DAO receive a token, this token allows the participants to govern the project and benefit from the value generated on it. Here is a great example of a DAO in action, where users are taking decisions and benefiting from the outcome:https://www.actionnetwork.com/general/rally-receives-2m-record-buyout-offer-on-super-mario-bros-video-game
Our community should pay attention to DAOs and their potential. Flipstarters are likely to improve their chance to succeed if, in exchange for a donation, contributors are rewarded with a token that makes them part of a DAO. Aside from flipstarter, many projects built on top of BCH would increase their chances of success when adopting this model. A fair distribution of the token may be the initial challenge.
Smart Bitcoin Cash gives us now the flexibility to create these platforms. There are several open-source projects that can be ported and adopted by the community. Example, Aragon, https://github.com/aragon
As we make progress on our Bridge project we are considering making it one of the first SmartBCH DAOs. Users then would be able to decide on the project direction, for example, what tokens to bridge, while at the same time benefit from the value the bridge generates. For the case of the Bridge, it generates value by charging fees on the tokens being moved between chains. Also being a bridge with Etherum, when Ethereum is locked into one side of the contract, Ethereum is then staked to generate a return that is then sent to the bridge token holders.
Show the Bitcoin Cash community adopt DAOs? what are some other ideas of DAOS that we could pursuit?
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source https://www.reddit.com/r/btc/comments/oyrgxi/lets_talk_about_daos/
The Digital Yuan could grow up to 5000% this year.
The digital yuan is already the official virtual currency in China.
This Monday, the Central Bank of China officially unveiled the digital yuan as the country's official virtual currency. Yuan Pay Group was chosen to distribute it, manage transactions and secure online commerce, payments of which are made in this cryptocurrency.
The adoption of the digital yuan has been such that its price continues to rise. Since its original cost of $ 0.01, its price has already surpassed $ 0.18 per unit, and its value is continually updated every 15 minutes, according to the Yuan Pay Group website.
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source https://www.reddit.com/r/btc/comments/oyqedr/the_digital_yuan_could_grow_up_to_5000_this_year/
SEC chairman said he’d be more open to a #Bitcoin ETF if it was based on futures. 24hrs later, both Invesco and ProShares have filed Futures-based #Bitcoin ETFs.
SEC chairman said he’d be more open to a #Bitcoin📷 ETF if it was based on futures. 24hrs later, both Invesco and ProShares have filed Futures-based #Bitcoin📷 ETFs.
[link] [comments]
Someone just sent $430m #Bitcoin with just a few clicks! Total fee: $82 Try that with gold! :)
Someone just sent $430m #Bitcoin📷 with just a few clicks! Total fee: $82 Try that with gold!
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Btsdoge 🚀 | Good Community | Low MC | CoinMarketCap Soon 🚀
Ultra Low MC Gem | Easy 10x | BTSDOGE is here!
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Buy BTSDOGE, crank up some kpop, and get yourself ready for a VIP trip to the moon🎵🎶
Get in the telegram now and spread the word around, you don't want to miss this moonshot.
We have a solid team with over 10+ people, who are all experienced in the cryptoverse
Our aim is ultimately to provide a platform in the cryptoverse for all BTS fans all around the globe. We will have an active community with frequent AMAs, multiple giveaways, and other things to keep the community engaged!
$150 BUSD giveaway is happening right now!
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🚀Contract: 0x8f11d2b83299463728062d630211dff1f3c5afb3
[link] [comments]
source https://www.reddit.com/r/btc/comments/oyosg9/btsdoge_good_community_low_mc_coinmarketcap_soon/
Best infrastructure for betting and waging?
Which blockchain has the best infrastructure for creating wages and betting?
[link] [comments]
source https://www.reddit.com/r/btc/comments/oyodep/best_infrastructure_for_betting_and_waging/
Thursday, 5 August 2021
UPDATE: Last week, news broke that hidden within an upcoming must-pass infrastructure bill was a cryptocurrency provision that would expand US government surveillance of cryptocurrency. Today, an amendment has been introduced that will address this issue, but every Senator need to hear your support!
RED ALERT: The Senate is about to vote on a bill that could kill crypto
This is a red alert. A provision that’s so poorly written it could crush the cryptocurrency ecosystem and dramatically expand US government surveillance has been added to the must-pass bipartisan infrastructure package at the last minute. Fortunately, Senators Wyden, Toomey, and Lummis have introduced an amendment that would fix the language and clarify that the expansion of the definition of a “broker” doesn’t apply to open source software developers or validators like miners or stakers.
Call your Senators right now at 517-200-9518. We'll connect you to their offices and guide you through the process.
When a staff member answers, tell them:
“Hi, I’m calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”
[link] [comments]
We Can't Let DeFi Lose
People have speculated on how the Eu and US would ban DeFi or force KYC on it. Well they can do so much more than you think they can. Practically all I do these days is follow legal developments with DeFi. Last month, a very good post on r/cryptocurrency was put up about the Fatf and it got 3k likes. That was the first time I saw the major reddit community acknoweledge how serious this is, after I tried to speak about it for 2 years.
They absolutely intend to force KYC on defi globally, and can. That is the intention of the infrastructure bill, the intention of Gensler's statements. It is consistent with Mnuchin. It is fully outlined in the Fatf report. They left it vague because ultimately there are people in the US and EU goverment who fully believe that they can enforce KYC on miners, validators, nodes, and DeFi apps.
They want total mass surveillance. This is obviously for greater nefarious political goals. The desire for this level of surveillance is coming from a larger political trend by western oligarchs to remake the west as a totalitarian system of persistent surveillance in a manner of social credit and negative interest rate central bank digital currency based tracking. They do not want their farm animals off the grid or out of the gate. If you can't see this after 18 months of pandemic politics than I truly cannot help you.
This is about more than finance. This is about code, speech, and finance, and media and press on an unconfiscatible, uncensorable, undeplatformable, fully disintermediated backbone full tech stack on the internet, otherwise known as web 3.0 We are headed towards full bore totalitarianism because of the level of oligarchic control in the west that multinational corporations and federal agencies have now with artificial intelligence through the likes of Palintir, Insulir, Google, and various defense contract systems. Things Witney Webb talks about by the way.
Not only is this not conspiratorial, it is very dour and urgently dangerous to liberal western democracy. We must get off corporate press and social media, and onto uncensorable web 3.0. This is becoming a 1984 playbook very rapidly.
Our lives and freedom are dependent on web 3 developer and defi developer who can make this tech stack backbone to the internet.
Gensler and the EU want a trust based system of public policy. We know what that means, and we know why we build trustless systems. But this is an ideological battle for public narrative. They have the nuclear option, they can and will come for miners and developers, there are plenty who want to do so, and moreover they can and will try to destroy the price of an non compliant coin. The only coins that will be left alone are ethereum and bitcoin for the most part because they are easy to regulate. Defi is not easy to control, it really threatens their system, and they will absolutely crush the price. It's hardly worth it at this rate to be a doxxed defi team. That alone isn't good for human development. So we need to get the public narrative on our side.
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source https://www.reddit.com/r/btc/comments/oxzeij/we_cant_let_defi_lose/
Be safe out there folks. Anyone saying you won something but is telling you that you need to make a deposit to collect winnings is a scam.
I received a random message through discord saying I won .5 Btc from a new exchange called francobit.com. In the discord message it tells me all I have to do is enter a code and I can collect my winnings by withdrawing them to my own wallet or I can use them to trade on their platform. Me being the curious person I am wanted to see how this would play out. So I booted up an old computer that I no longer use and went to the website. It was pretty convincing if I didn’t know better. Used a throw away email and entered the code they gave me. I immediately receive .5 btc in my account. Now the true test. I enter in an address to have the btc sent to. Surprise surprise I’m told I must deposit .01 btc to become a “user” to allow my withdrawal.
If you get this same message or any other like it don’t deposit any of your btc no matter how legit the site looks.
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Help us to complete our Flipstarter Campaign 🇦🇷
5 days to expire and less than 35% to complete our Flipstarter Campaign 💚📈🎉 http://flipstarter2.bitcoincashargentina.com https://i.imgur.com/ARx1Ksm.jpg
[link] [comments]
source https://www.reddit.com/r/btc/comments/oxyo9v/help_us_to_complete_our_flipstarter_campaign/
Flipstarter drives with the breaks on!
Everyone knows if you don't get the people the first time, only a tiny fraction will come back a second time. This is why the current way flipstarter works is so devastating.
I sometimes have to come back 3-4 times before I am able to donate my small amount. I don't want to know how many small donations are lost because people can't donate the first time.
So my question is, who is responsible for flipstarter? And how can we convince him to work on this problem?
[link] [comments]
source https://www.reddit.com/r/btc/comments/oxyrxu/flipstarter_drives_with_the_breaks_on/
Wednesday, 4 August 2021
“There is a lot of hype masquerading as reality in the crypto field, Nakamoto’s innovation is real.” - SEC Chairman Gary Gensler on #Bitcoin
In a speech at the Aspen Security Forum, incoming SEC Chairman Gary Gensler issued new comments about #Bitcoin📷 today, at times drawing a dividing line between the market’s largest cryptocurrency and its wide field of imitators.
with more: https://bitcoinmagazine.com/markets/bitcoin-sec-gary-gensler-aspen-forum
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