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submitted by /u/CurvyGorilla202 [link] [comments] |
source https://www.reddit.com/r/btc/comments/znnyxu/sbf_in_custody/
Saturday, 17 December 2022
SBF in custody 🤙🏼
source https://www.reddit.com/r/btc/comments/znnyxu/sbf_in_custody/
Binance 12 billion down since yesterday
Friday, 16 December 2022
Has the FTX situation changed where you store your crypto? Where are you keeping it now?
I was a big CEX user, but after the FTX scandal I’ve pulled my BTC out of CEX onto a ledger wallet. Ledger is difficult for me to use however, I use my crypto daily so I would like something like a web3 wallet that I use for my Eth based crypto. Where are you keeping your crypto?
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source https://www.reddit.com/r/btc/comments/zmw0kn/has_the_ftx_situation_changed_where_you_store/
Educate me: Why proof of stake cant be decentralize? how does that compare to bitcoin?
How do you define decentralization? what are the matrix? (please start by answering this)
A quick google search online shows that >50% hashrate of BTC is control by only 5 companies. That might be alittle old data, not sure what it is now. But seeing miners keep losing money, if these big miners fail then the other big miners that survive will even have more of the network % wise.
Is this a problem? why or why not?
And why in your opinion PoS cant be decentralize by design? or can it be?
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Thursday, 15 December 2022
Legal Action to Defend Decentralized Crypto
Just today, Elizabeth Warren proposed legislation that would (IMO) effectively regulate decentralized cryptocurrency out of existence: https://decrypt.co/117221/senator-warren-crypto-bill-kyc-self-custody-wallets
The bill would subject miners, validators, and others in the crypto world to "know your customer" and anti-money laundering obligations. It's hard to see how that is compatible with decentralized crypto, and the result would be to force a massive centralization of crypto (at least in the US). Those pushing the bill frame it as a response to SBF/FTX, but of course it's hard to see how a failure of a centralized crypto exchange justifies regulation of decentralized crypto. Plus, KYC & AML have nothing to do with protecting consumers from fraud and, instead, are all about the government effectively spying on those same consumers.
Whether that specific bill goes anywhere or not, it's a sign of things to come. In fact--less dramatic but just as important--the federal agency FinCEN is proposing a regulation that would expand other aspects of the KYC/AML framework to transactions between unhosted and hosted wallets.
Since this is the censorship-free forum, I think it's OK to post this here:
I'm a constitutional lawyer at a public interest law firm called the Institute for Justice, where I defend financial privacy and economic freedom. (Check my bio, where you can see I did a post on r/AMA with verification.) I'm looking into a variety of potential cases to protect decentralized crypto from overbearing KYC/AML regulations, and I'm hoping to connect with folks in the crypto community who would be willing to serve as plaintiffs. So, putting up a signal flare here: If that sounds like it might be you, send me a DM or an email and we can connect.
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source https://www.reddit.com/r/btc/comments/zlzgrn/legal_action_to_defend_decentralized_crypto/
Wednesday, 14 December 2022
Just want to share; bought 26 BCH on Kraken, also found another 6.35 BCH in my margin account on my Futures dashboard... Made instant max wd, arrived in EC wallet within 4min. Kraken still SAFU good withdraw (still) good CEX.
Tuesday, 13 December 2022
Lightning tips in the future
I see a significant pickup in lightning tips over the past week, it's great to see. It nudges you into setting up a lightning wallet and once you have one, you're ready to spend a few sats when you see a 'bitcoin accepted here' sign in the real world.
I'm bookmarking a few of these tip posts and will be checking back in on them in a couple of decades or so...
Imagine, way down the line if a single Satoshi hit dollar parity (inflation aside), people will look back and be amazed at those historically generous 500sat tips!
We're still early!
Edit: Lightening -> lightning
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Monday, 12 December 2022
Just started using Lightning tips, my goal from now on is to tip whenever I would give an upvote to genuinely cool comments or posts.
Who else wants to start a huge tipping economy here?
I'm poor, so I can't afford upvoting/tipping everyone, but I'll try my best to tip as much as I can!
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I like cashrain.com
But for the love of God, let me RAIN BCH!
I don't care about the Dollar Value. I want to rain 1 BCH.
To slowly approach 1 BCH, even tho the conversion is instant, is tiresome.
Greets
[link] [comments]
source https://www.reddit.com/r/btc/comments/zj7pxy/i_like_cashraincom/
Lightning tips in other subreddits!
I think it will be a huge step in the right direction if more and more subreddits activate the lightning tip bot in their subs.
If you are active in any other subreddits and think the mods would be open to implementing the lightning network tip bot, I think it is worth while to DM them and make this suggestion.
The more subreddits that offer this feature the more exposure Reddit users will have to the lightning network. Believe it or not, almost everyone knows about bitcoin, but not many people know about the lightning network.
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Discord Community?
Hey there BCH fam, is there a BCH discord or something out there? Anyone make one or have one already? I'm down to connect with other entrepreneurs and BCH fans alike, as I think we could help BCH scale and grow awareness/adoption with a concentrated group. I'm down to connect!
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source https://www.reddit.com/r/btc/comments/zj5l4d/discord_community/
Sunday, 11 December 2022
Safest way to buy and store bitcoin
Hello
Im kinda newbie here
I currently hold about 0.2 btc at robinhood.
Im hoping to buy more btc when it crashes to under 12k
My 2 questions are
1) do u think its safe to buy btc thru robinhood?
2) if not where should i buy and how do i store it in a cold wallet? (I heard cold wallet is the safest form of storage)
Thank you in advance
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Note to the Fence-Sitters
Welcome to Bitcoin. I understand that you may still be hesitant to buy bitcoin. That is fine by me. Here is what you can do and think about in the mean time.
- Target prices for hyper bitcoin range between $1-15 million. That means that if you buy 0.001 bitcoin for what is now about $17 you can get your $1-15 thousand which will help you through the storm that will be hyper bitcoin. It's a small amount of money and it will be worth it if that becomes the only thing your grocery store will accept.
- People here can be jerks. Many of them have been scammed by other coins. I have wasted plenty of time researching garbage coins. I have found nothing good. This subreddit does not allow discussion of other coins and I think that is legitimate.
- Do not buy any more bitcoin than you feel comfortable losing. This is not a sure thing. It will be very slow.
- Bitcoin is a very very slow process. The get rich quick stories are over. The next people who will get rich quick will do it over a pile of corpses. It will not be fun. The lambos that you hear about will not exist at the beginning of hyper bitcoin because people will barely have the tools to put together the old used cars sitting around. Pessimism will reign.
- Learn about Central Banking. Don't start buying large amounts until you truly understand how messed up it is.
- Do not trade for the short term. This is going to be a very volatile slog.
- Learn what KYC is and try using Bisq and other non-KYC exchanges.
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were bitcoiners hurt at all from the whole FTX fiasco?
y'all preach not your keys not your coins all the time and FTX did not have much if any BTC at all.
also the price of BTC was already hovering around 20k before the news broke out.
if anything this whole thing only makes Bitcoin more attractive and the convictions should be stronger. any "bitcoiner" who got rekt probably aren't true bitcoiners anyway right?
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