submitted by /u/fiendishcrypto [link] [comments] |
source https://www.reddit.com/r/btc/comments/wmw443/bitcoin_cash_hangout_sunday_14th_august_1600_utc/
This blog brings you the best Cryptocurrency & Blockchain, ICO & P2P and Exchange & Laws news. Also contains technology and research based post from all around the world every single day. Get informed! Think Future!
In this episode we go over the following current event stories surrounding Bitcoin and the greater macro environment:
For the episode listen here
Is Peter Schiff reputable or is he a market manipulator? According to this article - https://www.kitco.com/news/2022-08-11/Bitcoin-to-fall-to-below-10k-won-t-see-new-highs-again-Peter-Schiff.html - he’s dooming Bitcoin to $10k - never to see $69k again- and to take profits now as this pump is considered a “suckers pump”. Has he done this before? Thanks in advance!
Everyone in here is screaming the bear market is over, but im seeing whats going on in china and getting a little worried. There in for a gigantic housing bubble crash, record default rates and all of the companies are reporting losses. Also there is a chance of bank run and the government announced they will be only compensating a maximum of 15k to the costumers of one of the biggest banks who is being investigated for ties with organized crime. Also the high probability they will start a war with taiwan so people will focus more on the war than the downturning economy, just like Putin did.
Just my 2 cents, i know nothing about nothing.
First, obviously, we are going to need at least 6TB of disk space, I find the external hard drives to be the best/cheapest from Seagate. The 1TB ones are more reliable than the larger hard disks in my opinion.
6 of the following: Seagate Amazon
Only $300 to store the entire blockchain?! That's a deal!
Next, we need to purchase a new computer (What? You thought you could run a full node on your shitty home computer?). We will be processing up to 4GB of transactions every 10 minutes! I suggest this Beelink Mini PC with up to 4.0GHZ and 16 Gb of RAM for only $500! Beelink Amazon
Finally, let's get that home network improved so we can handle all the traffic at peak hours. This NetGear Modem Router Combo will be able to handle all the traffic we need it to for only $200! NetGear Amazon
Lastly, because we want to be prepared for anything possible, let's go ahead and order a month's worth of more hard disks to store the entire blockchain if in case maximum throughput is used. Let's order 18 more of those Seagate 1TB disks on amazon, to cover the possible 17,280 Gb of new transactions in a month-long period, only $900 more dollars!
Now you'll need some wiring and harnesses to daisy chain all these hard disks, but I am sure you can figure that out. This tutorial taught you how to successfully run a full BitcoinSV Node for only $1,900! And it will only cost an additional $900 per month at max to run! Happy mining! Like, Comment Subscribe!
A questions for the old timers who remember. I have an ancient BTC address, untouched for 10 years, where I've never touched the child addresses from the hard forks.
- BTC forked to BCH and BTG
- BCH forked to BSV and XEC
Can I just use the child currencies without affecting the original BTC or BCH address? For BCH zu BSV I found the ominous warning, "must be splitted before sending!". What does that mean and how to do it?
The news about the blocking of the Tornado Cash transaction mixer, blocked on August 8 by the US Treasury Department, did not greatly affect the cryptocurrency market, but significantly increased interest in private cryptocurrencies. Which cryptocurrency would you choose as a guarantor of confidentiality, prevalence, convenience
This is too fun... my guy thinks this bill is going to start taxing BTC over $50 My dude, everything was a taxable event before; this bill makes you tax EXEMPT for purchases under $50 with BTC 😂 It's a giant catalyst for BTC, if anything. Stay informed yall. Don't be like Buttcoin [link] [comments] |
Bitcoin advanced to $24,000 for the first time in August, a move taking place before financial markets assess a high-profile reading of US inflation this week.
Bitcoin rose as much as 4% to $24,191.55, crossing that handle for the first time since July 31. The cryptocurrency has been struggling with a so-called crypto winter since November that's left its price down by roughly 50% in 2022. The world's most valuable cryptocurrency showed improvement Monday as US stocks moved higher before turning choppy, and as US Treasury yields pulled back.
"Oil prices have weakened again, and this is providing drag on bond yields, which is supporting the likes of silver, bitcoin, Swiss franc and Japanese yen – currencies and commodities that carry very low or zero yield," Fawad Razaqzada, market analyst, said in an early Monday note.
US Treasury yields declined Monday after Friday's jump in the wake of the unexpectedly strong July payrolls report. The US economy added 528,000 jobs last month, highlighting potential inflation pressures at a time the Federal Reserve has been ramping up interest rates to cool consumer prices.
Seems like some positive movements in the US Congress are on the way. One bill would exempt crypto spending for everyday purchases from capital gains taxes. This would be a really good way to build momentum for people to dip their toes in the water, encourage small-scale spending as they might with fiat.
https://www.washingtonpost.com/business/2022/08/07/crypto-lobbying-surges/
Does anybody have or seen any vending machines that take bitcoin?
Recently came across ColdStorageCoins.com online. They look neat and all, but it's just an old school paper wallet laser etched onto metal right? How is purchasing a wallet with the private key created by someone else not the worst idea ever?
Am I missing something?
The San Francisco-based cryptocurrency exchange, which is already under investigation by the US Securities and Exchange Commission (SEC), is now facing two fresh legal claims from two different law firms.
On Thursday, Bragar Eagel and Squire, a New York-based law firm, announced that it will sue Coinbase for making false representations about its business operations. Pomerantz LLP has also filed a lawsuit against the exchange, claiming compensation for any losses incurred as a consequence of the defendant's breaches of federal securities laws. This lawsuit was filed to recompense the plaintiffs.
In both complaints, plaintiffs claim that Coinbase made misleading and deceptive assertions about its business, operations, and compliance activities between April 14, 2021, and July 26, 2022. According to the lawsuits, Coinbase failed to disclose that client cryptocurrency was held in escrow at Coinbase, making it part of a bankruptcy estate subject to bankruptcy proceedings in which consumers would be considered as general unsecured creditors of the company.
Furthermore, Coinbase reportedly refused to disclose that it allowed US individuals to trade digital assets that—despite its knowledge and complacency—needed SEC registration as securities. As a result of the aforementioned actions, the lawsuits claim that Coinbase's public claims were always, to a large part, misleading and fraudulent.
Coinbase has already been involved in a number of lawsuits and controversial scenarios. The two new lawsuits came as the SEC investigates Coinbase for allegedly trading unregistered securities. In a related complaint, Ishan Wahi, a former global product manager for Coinbase, is accused of insider trading. Wahi, on the other hand, pleaded not guilty earlier this month in a Manhattan federal courtroom to two charges of wire fraud conspiracy.