Saturday, 13 August 2022

Bitcoin Cash Hangout Sunday 14th August 16:00 UTC

Bitcoin Cash Hangout Sunday 14th August 16:00 UTC submitted by /u/fiendishcrypto
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source https://www.reddit.com/r/btc/comments/wmw443/bitcoin_cash_hangout_sunday_14th_august_1600_utc/

JP Morgan Gold Scandal, CPI "Falls" to 8.5% with Phil Gibson @MrPseu - State of Bitcoin Ep. 35

In this episode we go over the following current event stories surrounding Bitcoin and the greater macro environment:

  • JP Morgan gold trading scandal
  • CPI Print of 8.5%
  • Methane Emissions Bill to give $1.5 billion for flare capture
  • Government hires 87k more IRS agents
  • Bitcoin Lightning Network reaches new ATH
  • Crypto Mixing Service Tornado Cash is Blacklisted in the US
  • BlackRock partners with Coinbase to offer Bitcoin services

For the episode listen here

submitted by /u/Fit_Rooster2702
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Netherlands Arrests Suspected Tornado Cash Developer

Netherlands Arrests Suspected Tornado Cash Developer submitted by /u/Bitcoin__Hodler
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Peter Schiff?

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!

submitted by /u/Mcmjlm3
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source https://www.reddit.com/r/btc/comments/wmvf1w/peter_schiff/

Should Drivechains Come to Bitcoin? With Paul Sztorc — What Bitcoin Did

Should Drivechains Come to Bitcoin? With Paul Sztorc — What Bitcoin Did submitted by /u/mccormack555
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Friday, 12 August 2022

These maxis shitheads are ridiculous! On an another level now, by only calling toxic maxis to discuss BTC and BCH. Really infuriates me to hear such lies in public.

These maxis shitheads are ridiculous! On an another level now, by only calling toxic maxis to discuss BTC and BCH. Really infuriates me to hear such lies in public. submitted by /u/Nervous-Inspector-14
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source https://www.reddit.com/r/btc/comments/wm20hs/these_maxis_shitheads_are_ridiculous_on_an/

Why is nobody talking about china?

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.

submitted by /u/Timely_Cucumber1703
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Bitcoincash fifth anniversary is the beginning of it maturity. Find what next

Bitcoincash fifth anniversary is the beginning of it maturity. Find what next submitted by /u/Max-Rosh
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source https://www.reddit.com/r/btc/comments/wm16n2/bitcoincash_fifth_anniversary_is_the_beginning_of/

In light of the only true Bitcoin's (BitcoinSV) recent achievement of surpassing a Blockchain size of 5,000 Gb, I thought I would help you guys get started on running a full node! (Satire, not factually correct)

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!

submitted by /u/Rastaman_Lives_On
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Record Number of Addresses Above 1 Bitcoin Amid Volatile Market

Record Number of Addresses Above 1 Bitcoin Amid Volatile Market submitted by /u/MK333666
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Thursday, 11 August 2022

BTC old hard forks

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?

submitted by /u/TinRhino
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source https://www.reddit.com/r/btc/comments/wl8qb2/btc_old_hard_forks/

A Progressive’s Case for Bitcoin with Jason Maier — What Bitcoin Did

A Progressive’s Case for Bitcoin with Jason Maier — What Bitcoin Did submitted by /u/mccormack555
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Yet ANOTHER critical Lightning Network vulnerability and attack has been identified. LN is a giant mess. Do not use it unless you want to lose your coins.

Yet ANOTHER critical Lightning Network vulnerability and attack has been identified. LN is a giant mess. Do not use it unless you want to lose your coins. submitted by /u/btcxio
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source https://www.reddit.com/r/btc/comments/wl5iz5/yet_another_critical_lightning_network/

Crypto Briefing: Satoshi Would Be Ashamed of Bitcoin Maxis in 2022. The Bitcoin community of 2022 resembles more of a religious cult than the freedom-based movement.

Crypto Briefing: Satoshi Would Be Ashamed of Bitcoin Maxis in 2022. The Bitcoin community of 2022 resembles more of a religious cult than the freedom-based movement. submitted by /u/btcxio
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source https://www.reddit.com/r/btc/comments/wl49ir/crypto_briefing_satoshi_would_be_ashamed_of/

Epic non-custodial payment hardware wallet 😱😱

Epic non-custodial payment hardware wallet 😱😱 submitted by /u/eyeofpython
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source https://www.reddit.com/r/btc/comments/wl5b29/epic_noncustodial_payment_hardware_wallet/

Michael Saylor - Bitcoin VS ...

Michael Saylor - Bitcoin VS ... submitted by /u/yeho_meta
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Tornado Cash is closed. Which private cryptocurrency would you choose

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

View Poll

submitted by /u/Material_Trainer_
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source https://www.reddit.com/r/btc/comments/wl55y9/tornado_cash_is_closed_which_private/

Wednesday, 10 August 2022

Bitcoin Mining Now Uses 10.9% More Renewables, Goes Unreported

Bitcoin Mining Now Uses 10.9% More Renewables, Goes Unreported submitted by /u/dAn_tHe_mAn7
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Few understand... how to read

Few understand... how to read

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

submitted by /u/JerryLeeDog
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BCH Experience 8 - BCH Argentina meetup

BCH Experience 8 - BCH Argentina meetup submitted by /u/Ian_Blas27
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source https://www.reddit.com/r/btc/comments/wkfsr0/bch_experience_8_bch_argentina_meetup/

Kraken released an analysis of PoW vs. PoS - Results are fascinating and proves why Bitcoin PoW is king.

Kraken released an analysis of PoW vs. PoS - Results are fascinating and proves why Bitcoin PoW is king. submitted by /u/TheMoonMoth
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Iran Places First Crypto-Funded Import Order, Worth $10M: Report

Iran Places First Crypto-Funded Import Order, Worth $10M: Report submitted by /u/Bitcoin__Hodler
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Here we are...rotten bangksters start to move...

Here we are...rotten bangksters start to move... submitted by /u/BCHisFuture
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source https://www.reddit.com/r/btc/comments/wkakcz/here_we_arerotten_bangksters_start_to_move/

Tuesday, 9 August 2022

Bitcoin rises 4% to retake $24,000 as investors shift to risk-on ahead of this week's inflation report

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.

submitted by /u/BitcoinWide
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source https://www.reddit.com/r/btc/comments/wjkrif/bitcoin_rises_4_to_retake_24000_as_investors/

Economic Effects of Using Bitcoin as a Payment Alternative in the United States.

Economic Effects of Using Bitcoin as a Payment Alternative in the United States. submitted by /u/Chabz27
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Bitcoin Cash Hangout | RSS.com Hosting Flipstarter - FiendishCrypto

Bitcoin Cash Hangout | RSS.com Hosting Flipstarter - FiendishCrypto submitted by /u/fiendishcrypro
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source https://www.reddit.com/r/btc/comments/wjhkzz/bitcoin_cash_hangout_rsscom_hosting_flipstarter/

Bitcoin Island: The Isle of Man is Turning Orange

Bitcoin Island: The Isle of Man is Turning Orange submitted by /u/CoinCorner_Sam
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Tornado Cash has been sanctioned by the US government, prohibiting Americans from interacting with it.

Tornado Cash has been sanctioned by the US government, prohibiting Americans from interacting with it. submitted by /u/throwawayo12345
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source https://www.reddit.com/r/btc/comments/wjfj8b/tornado_cash_has_been_sanctioned_by_the_us/

US Crypto Regulation Bill Needs More Work to Define Boundaries, Former Prosecutor Says

US Crypto Regulation Bill Needs More Work to Define Boundaries, Former Prosecutor Says submitted by /u/JoblessCross
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source https://www.reddit.com/r/btc/comments/wjg0uu/us_crypto_regulation_bill_needs_more_work_to/

Monday, 8 August 2022

How I Escaped Financial Abuse with Bitcoin

How I Escaped Financial Abuse with Bitcoin submitted by /u/undertheradar48
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Sal the Agorist on Twitter

Sal the Agorist on Twitter submitted by /u/jessquit
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source https://www.reddit.com/r/btc/comments/wiomg1/sal_the_agorist_on_twitter/

Adoption? 👀

Adoption? 👀 submitted by /u/NeoYet
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Slow but Steady Support Building?

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/

submitted by /u/MrtonyEA
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In July, Hut 8 continued its BTC “HODL approach” despite miner capitulation.

In July, Hut 8 continued its BTC “HODL approach” despite miner capitulation. submitted by /u/Chabz27
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Bitcoin vending

Does anybody have or seen any vending machines that take bitcoin?

submitted by /u/handheldbbc
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Cold Storage Coins

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?

submitted by /u/greekswiss
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Sunday, 7 August 2022

Top cryptocurrency news: Coinbase is facing two fresh lawsuits amid SEC probe

Coinbase is now under increased scrutiny from regulators, as the business is the subject of multiple lawsuits.

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.

submitted by /u/CoinGabbarNews
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Why hasn’t BCH been able to compete with BTC in your opinion?

submitted by /u/SandyCactusBalls
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source https://www.reddit.com/r/btc/comments/whvx9i/why_hasnt_bch_been_able_to_compete_with_btc_in/

I'm curious if anyone on here runs some BTC ATM style kiosks. Do people actually use them? are the profitable? I just walk by and think the fees on those must be crazy high.

submitted by /u/Blockchain_buddyclub
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Made this ₿Itcoin ₿lackhole digital artwork for everyone here. An artistic example of ₿Itcoin’s finite properties that have the ability to absorb the value of everything in the world that is traded for it, while maintaining its finite, yet ever financial value growing ₿lackhole

Made this ₿Itcoin ₿lackhole digital artwork for everyone here. An artistic example of ₿Itcoin’s finite properties that have the ability to absorb the value of everything in the world that is traded for it, while maintaining its finite, yet ever financial value growing ₿lackhole submitted by /u/Future_PeterSchiff
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Censorship is worse than taxation

Censorship is worse than taxation submitted by /u/LucyLazyBird
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source https://www.reddit.com/r/btc/comments/whve4j/censorship_is_worse_than_taxation/