Saturday, 25 February 2023

Buy Bitcoin via The Invisible Internet Project - I2P

Buy Bitcoin via The Invisible Internet Project - I2P

Hey community. We are pleased to announce that now it's possible to buy Bitcoin via our I2P link:

  • Trocador.i2p (you need to configure your Browser to access I2P first, of course)

In the case of Trocador, all our products work out of the box also for I2P. This means that anyone can simulate rates via API, create trades, check transactions, plus using our AnonPay Payment Gateway solutions, or even create invoices with our Payment Generator... all over I2P tunnels.

Are we the first exchange aggregator to be on I2P? Cool. In any case, we intend to continue pushing for privacy and implementing solutions that benefit our users. We are currently exploring whether there are possibilities that allow us to add decentralized exchanges rates among our own and allow users to transact with us in a way that streamlines the user experience and drives its adoption. We are also looking at ways to provide more pairs to swap with Bitcoin Lightning.

Trocador.i2p website

Opportunity:

We are currently looking for people capable of translating the Trocador website into other languages. Those interested, please let us know via Telegram or E-mail. We will pay 100 USD equivalent in Bitcoin for translation in the following languages:

  • Hindi

Observation:

When adding our address on i2p, check that our Base32 is correct:

submitted by /u/Trocador_App
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what are your holding time target for bitcoin ? less or more then 5 years ?

what are your holding time target for bitcoin ? less or more then 5 years ? submitted by /u/CryptoM416
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Just want to thank the Owner and the moderators of /btc.

I was banned from /Bitcoin for seemingly no reason. In the back of my mind I thought, wasn’t there a /btc sub too? And then I read the description of this community, I guess they disagreed with something I said. Pathetic people over in /Bitcoin!

submitted by /u/BitcoinMiningStocks
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source https://www.reddit.com/r/btc/comments/11b3xml/just_want_to_thank_the_owner_and_the_moderators/

A typical lntip visualized. (500 sats)

A typical lntip visualized. (500 sats) submitted by /u/ArtByJa3son
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Grayscale, the SEC & Genesis with Michael Sonnenshein — What Bitcoin Did

Grayscale, the SEC & Genesis with Michael Sonnenshein — What Bitcoin Did submitted by /u/mccormack555
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Throw away your sh*tcoins. Buy Bitcoin.

Throw away your sh*tcoins. Buy Bitcoin. submitted by /u/TheBTCTherapist
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฿itcoinCash ... The best or Nothing!

฿itcoinCash ... The best or Nothing! submitted by /u/Wide_big_tall
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source https://www.reddit.com/r/btc/comments/11b0p1m/itcoincash_the_best_or_nothing/

almost half way to .1 🚨😵‍💫 i am HODLING even with the dip

almost half way to .1 🚨😵‍💫 i am HODLING even with the dip submitted by /u/Sedan_Dad
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Friday, 24 February 2023

Bitcoin Accepted

Explore More in Surfside Beach, Tx will accept bitcoin for payment. Check them out if your in the area. Exploremoresurfsidebeachtx.com

submitted by /u/Spirited_Power8874
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“Mastering Bitcoin” 3rd edition coming this December

“Mastering Bitcoin” 3rd edition coming this December submitted by /u/ihsotascc
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BCHG (BCH on the stockmarket stored in Coinbase custody) is up 300% since January. Some of us are making serious profits from this product and short sellers who dumped it way below value. Thanks for the money.

BCHG (BCH on the stockmarket stored in Coinbase custody) is up 300% since January. Some of us are making serious profits from this product and short sellers who dumped it way below value. Thanks for the money. submitted by /u/FearlessEggplant3036
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source https://www.reddit.com/r/btc/comments/11a82du/bchg_bch_on_the_stockmarket_stored_in_coinbase/

IMF Board 'Generally Agreed' Crypto Shouldn't Be Legal Tender

IMF Board 'Generally Agreed' Crypto Shouldn't Be Legal Tender submitted by /u/Bitcoin_Maximalist
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Steps to start with to spread bitcoincash in lebanon

Steps to start with to spread bitcoincash in lebanon
  1. Education and Awareness: The first step in promoting Bitcoin Cash adoption in Lebanon is to educate people about the benefits of cryptocurrency and how it works. This can be achieved through workshops, seminars, and online resources. The goal is to ensure that people understand what Bitcoin Cash is and how it can benefit them.
  2. Partner with Local Businesses: Partnering with local businesses is crucial to the success of any adoption campaign. We can work with businesses to accept Bitcoin Cash as a form of payment, and offer incentives to customers who use it. This will help to increase awareness and encourage people to start using it.
  3. Community Outreach: Community outreach is an important aspect of any adoption campaign. We can engage with communities through meetups, conferences, and other events. These events will be an opportunity for people to learn about Bitcoin Cash and to ask questions.
  4. Advocate for Regulation: Cryptocurrency regulations can be a double-edged sword, but well-thought-out regulations can provide legitimacy to Bitcoin Cash and increase its adoption. Advocating for clear and fair regulations can help to build trust in Bitcoin Cash and make it more attractive to people and businesses in Lebanon.
  5. Partner with Exchanges: Partnering with cryptocurrency exchanges can help to increase Bitcoin Cash adoption in Lebanon. We can work with exchanges to ensure that Bitcoin Cash is listed and available for trading. This will make it easier for people to acquire Bitcoin Cash and increase its adoption.
  6. Create Educational Resources: Educational resources, such as videos, tutorials, and guides, can help to make Bitcoin Cash more accessible to people in Lebanon. We can create resources in both English and Arabic to ensure that everyone can access the information they need.

Overall, these steps can help to increase Bitcoin Cash adoption in Lebanon and provide people with greater financial freedom and security. By educating people, partnering with businesses, and engaging with communities and government officials, we can help to make Bitcoin Cash a viable alternative to traditional financial systems.

https://preview.redd.it/xdvaofe2rzja1.jpg?width=1280&format=pjpg&auto=webp&s=9105a0d2928752e3a4c6d9ebcd0248e6c7b9ac66

submitted by /u/Nabzzzzz00
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source https://www.reddit.com/r/btc/comments/11a6lnq/steps_to_start_with_to_spread_bitcoincash_in/

You want to orange pill your friend.

How would you proceed in order to be successful? Which way would you go? What resources would you use? Do you have any suggestions or tips? Appreciate any inspiration!

submitted by /u/loadjulz
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Thursday, 23 February 2023

So I scanned on-chain data for AnyHedge contract settlements, this is DeFi volume on Bitcoin Cash blockchain! (cumulative & daily plots, y-axis is settled contract value in BCH)

So I scanned on-chain data for AnyHedge contract settlements, this is DeFi volume on Bitcoin Cash blockchain! (cumulative & daily plots, y-axis is settled contract value in BCH) submitted by /u/bitcoincashautist
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source https://www.reddit.com/r/btc/comments/119homf/so_i_scanned_onchain_data_for_anyhedge_contract/

🟠Even the best government currencies appear to be competing in a race to zero. Can saving in Bitcoin be a lifeboat to escape fiat inflation? >>

🟠Even the best government currencies appear to be competing in a race to zero. Can saving in Bitcoin be a lifeboat to escape fiat inflation? >> submitted by /u/bitcoinbumblebee
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Longs got wrecked today

Longs got wrecked today submitted by /u/HTMN4hire
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source https://www.reddit.com/r/btc/comments/119fcdw/longs_got_wrecked_today/

The humanitarian impact of bitcoin

Yemen is going through the worst humanitarian crisis on earth due to the war and siege. More than 370,000 people were killed, five million were displaced, and 90 percent of the infrastructure was destroyed, in addition, millions of people are starving.

This video summarizes what is happening in Yemen and displays some of the humanitarian projects that we have accomplished using bitcoin. "my Reddit username is printed on the signs"

https://www.youtube.com/watch?v=0TaxiCM1EyA

However, Yemen still need your help now more than ever.

So, once again we ask you to stand with us in this humanitarian mission and help us alleviate the suffering of the needy.

Why now?

The economy has collapsed, the local currency has been crushed,

*The Saudi-Emirati-led coalition is preventing the entry of humanitarian aid.

*Most of the organizations cut about half of the aid to Yemen because of the Ukraine war.

*The lives of millions of Yemenis are at stake, according to the United Nations, up to 19 million Yemenis are food insecure, and a child dies every ten minutes.

Who do we help?

The most affected families by the war "the displaced, the elderly, widows, orphans and children."

What aid do we provide and how much does it cost?

Due to the limited support, we are providing food packages.

The price of each package is about $65. "Prices are not stable and depend on the political situation."

Each package contains:

25 kilos of flour.

10 kilos of rice.

5 liters of oil.

12 tins of bean or 10 kilos of sugar.

How can people help?

The only way is by bitcoin.

Why Bitcoin?

*The Saudi-Emirati-led coalition allows only the entry of a small amount of aid, most of which is expired.

* Donation platforms do not support Yemen.

* It's faster than any other payment method and aid can be delivered right away.

Why us?

* We deliver aid directly to the needy.

* We always update donors with the results.

* You can see where your donation is going.

If you would like to participate, please send Bitcoin to this address.

bc1qrc836rultq9v4am7ldhfh6z0y558jcu4a382el

i.redd.it/5o4zzc49y6ga1.png

*If there is a donor who would like his name to be printed on the sign, that's ok.

*All donation results will be posted here.

THANK YOU

submitted by /u/yemenvoice
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Chaintip ..... Best Service At All

ChainTip is a cryptocurrency tipping service that allows users to easily send and receive tips on various social media platforms like Reddit and Twitter. With ChainTip, users can tip others in various cryptocurrencies like Bitcoin, Bitcoin Cash, and Litecoin.

To use ChainTip, a user simply needs to install the browser extension for the desired social media platform and connect their cryptocurrency wallet. Once connected, they can easily send a tip by tagging the recipient and including the appropriate command in their message.

ChainTip is a convenient and user-friendly way to show appreciation for content creators and other users on social media. It eliminates the need for complicated cryptocurrency transactions and allows users to easily send small amounts of cryptocurrency as a form of appreciation.

submitted by /u/Nabzzzzz00
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source https://www.reddit.com/r/btc/comments/1197coo/chaintip_best_service_at_all/

Tether comes through with a billion USDT liquidity injection to tackle short squeeze. Time to pump BTC and dump BCH!

Tether comes through with a billion USDT liquidity injection to tackle short squeeze. Time to pump BTC and dump BCH! submitted by /u/saylor_moon
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source https://www.reddit.com/r/btc/comments/1196q57/tether_comes_through_with_a_billion_usdt/

Wednesday, 22 February 2023

New to crypto looking for education content

Hi guys,

I've just finished reading the Bitcoin Standard and I'm willing to invest in Bitcoin. I'm looking for education content regarding:
. how to invest in bitcoin
. risks
. exchanges, wallets
. etc..

Can you help on that?

Thank you!!

submitted by /u/rlucaspt
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Send me some little btc

In need to buy new underwear

bc1qhvv0fmw5zg8re07tnscyhgj4tq0z66dn3q8sc4

submitted by /u/Lochskye
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source https://www.reddit.com/r/btc/comments/118ec9o/send_me_some_little_btc/

BITCOIN vs. GOLD | Gold & Cryptocurrencies | Inflation | store of value (german with english subtitles)

BITCOIN vs. GOLD | Gold & Cryptocurrencies | Inflation | store of value (german with english subtitles) submitted by /u/MissCryptoGER
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Analysts expect lawsuit for crypto ETF to be approved to be a victory against the SEC. A BCH ETF would also be created, you could sell options against your crypto to generate yields eg. covered calls. Very bullish.

Analysts expect lawsuit for crypto ETF to be approved to be a victory against the SEC. A BCH ETF would also be created, you could sell options against your crypto to generate yields eg. covered calls. Very bullish. submitted by /u/FearlessEggplant3036
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source https://www.reddit.com/r/btc/comments/118d7z7/analysts_expect_lawsuit_for_crypto_etf_to_be/

Bitcoin Explained - Illustrated Beginner's Guide

submitted by /u/Bitcoin_Maximalist
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Tuesday, 21 February 2023

Technology has shown significant growth potential in recent years .Buy signals across the board.

Technology has shown significant growth potential in recent years .Buy signals across the board. submitted by /u/Special_Yam_1174
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Is Bitcoin a money AND a store of value ?

Real question, as I saw many posts over with different approaches.

To you, is bitcoin a money or a store of value ? Many arguments for both to be fair.

To me, it feels like bitcoin is a scarce asset and then, the perfect store of value. But in the end, could we consider an asset as a money AND as a store of value ?

submitted by /u/Arncht
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Jesse Powell: "I have a theory:Regulators let the bad guys get big and blow up because it serves their agenda"

Jesse Powell saying out loud what quite of a few of us have been thinking for a while... (Tether, anyone?)

https://twitter.com/jespow/status/1627415364111040513

I have a theory:Regulators let the bad guys get big and blow up because it serves their agenda.

  • destroy capital/resources in crypto ecosystem
  • burn people, deter adoption
  • give air cover to attack good actors

The bad guys are actually on-side. Good guys are the enemy.

If the bad guys can run long enough without blowing up, they might just kill the good guys for you. Bad guys operate with huge competitive advantages. They suck up users, revenue and venture capital that would otherwise have gone to good guys. BG can always be jailed later.

submitted by /u/Dune7
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source https://www.reddit.com/r/btc/comments/117jmi0/jesse_powell_i_have_a_theoryregulators_let_the/

SmartBCH and U.S. Tax Software

Hello all! Can anyone tell me a coin tracking software that's able to pull down SmartBCH transactions for tax purposes?

I've checked a lot now, but haven't found anything that supports sBCH and it's annoying me to no end! It would really cut down on the amount of work I have to put towards filing my taxes.

submitted by /u/Aquatorch2
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source https://www.reddit.com/r/btc/comments/117j900/smartbch_and_us_tax_software/

Proof of Work vs. Proof of Stake

Proof of Work vs. Proof of Stake submitted by /u/escodelrio
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Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin

Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin submitted by /u/Bitcoin_Maximalist
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Always has been...

Always has been... submitted by /u/Wolf-of-CFD
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Monday, 20 February 2023

help with advanced cash ( adv cash ) that just scammed me of 600 euros !

help with advanced cash ( adv cash ) that just scammed me of 600 euros !

hello

i made a transaction of 600 euros on saturday the 18th at 10 am which was succesful for a btc deposit which was corresponding to 600 euros a that time on txbit platform.

the company confirmed they received the fund thought they never sent the money as there are no tx transaction, here are the screenshots ,

their team is not doing anything , they basically keep on telling me to wait and wait and wait etc.. tx bit says they have nothing to do with that ...

anyone has any idea what might be the course of action ?

here is the btc adress showing that there was never a single deposit ; https://www.blockchain.com/explorer/addresses/btc/3FpRCybv9YxPCNLNJ4p6t4VdUYA9AXpHUn

https://preview.redd.it/h9i4xqacq7ja1.png?width=2560&format=png&auto=webp&s=b442cfce438abba1331384c3b326ac29c078b46e

https://preview.redd.it/2bfxczobq7ja1.png?width=2560&format=png&auto=webp&s=48b021e0ff9adeb7d595bedc1cb1f2590fe5e251

https://preview.redd.it/o1a1od2dq7ja1.png?width=2560&format=png&auto=webp&s=e08e9a7da010046d41ad8d6d5e97e572395b8e59

https://preview.redd.it/atm9yyocq7ja1.png?width=2560&format=png&auto=webp&s=a18585043adcc4fea7416a67459cdec568369c11

submitted by /u/MVAGaming
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source https://www.reddit.com/r/btc/comments/116oesg/help_with_advanced_cash_adv_cash_that_just/

BTC to $1M ???

Why do we keep seeing super high predictions for bitcoin on the long run if the return after each halving keeps getting smaller and smaller? I understand rising demand will make prices go higher but i dont see it reaching millions...

What do you all think?

submitted by /u/Anthony-027
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Let’s talk inflation. There’s murmurs among economists that the 2% target inflation rate could give.

I’m summarizing a couple points from a recent Ezra Klein podcast with Paul Krugman, a famous American economist. See the episode here.

1st thing. Apparently J Pow’s administration is using the one inflation metric that has shown the greatest amount of disinflation. That is, core inflation ex housing. In short, rising rents would not factor into the Fed’s current calculation of inflation. I find this interesting, because it dilutes and distorts our collective sense of what inflation is currently at, allowing for more inflation than has historically been allowed the last 30 years or so, simply because of the lens used.

Takeaway here, the Fed is using a more liberal, looser interpretation of what inflation means and perhaps a less stringent approach to reigning in inflation as a result.

2nd thing. The Fed has historically targeted a 2% inflation rate. Paul Krugman alluded that he, and some other economists in his circles, could envision a target inflation rate of say 3% or 4%. On the flip side, there’s other economists vehemently opposed to this idea, with the thinking that compromising on 2% could give way to 5% and could give way to 10%.

Takeaway here, among many economists, there’s a more liberal, looser sense of what inflation should be.

Taken together, I see some bad habits and poor discipline forming with monetary policy. We could have a world with a weaker dollar, running at a higher target inflation rate year over year.

This make me fall back to big daddy BTC. Humans and societies are subject to bad habits. Humans and societies compromise their own values all the time.

BTC is capped and forces discipline on the beholder.

submitted by /u/sleepapneainvestor
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US Stock Market and Housing Bubbles

US Stock Market and Housing Bubbles submitted by /u/Bitcoin_Maximalist
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Bitcoin as a stress-reduced investment strategy

Hi everybody,

I am looking for some nuanced takes on my thought process here. I´ve been in crypto for a few years now. In the bullrun of 2021 I started dabbling a little bit in altcoins, winning some and losing some. But the more I dabbled in altcoins, the less focused and more time-consuming my investment strategy become.

Most of my gains came from buying a couple of Bitcoin in 2019 and forgetting about it, but after dabbling in altcoins I started staring paralysed at charts all day. What are all these acronyms? Result; about the same gains as I would have had just holding BTC and touching grass. Others in my trading group have much better success.

I dont have a problem with altcoins necessarily, except I dont understand them and they fill me with this sense of greed and inadequateness. Most of them are vaporware sure, but as a short term trade I see potential in increasing my Bitcoin stack.

Its just ... they seem to drag me into this downwards carousel of greed and obsession. Taking time away from business and family, tempting me into emotional decisions. I feel I understand Bitcoin - digital gold, money, hedge against shit-hits-the-fan. Maybe thats why Bitcoin dont trigger the same greedy obsession in me.

TLDR; anybody went Bitcoin only not mainly because of ideological reasons, but because of easier investment strategies? What was your reasoning, and did you stick to it? What has your results been?

Sorry if I phrase things strange, english is not my main language.

submitted by /u/Pretty-Structure-766
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"Just tried @ChaingraphCash out for the first time! To get all the addresses (lockingbytecodes) of UTXOs holding a certain token! So easy! Highly recommend other developers to take a look at the playground"

"Just tried @ChaingraphCash out for the first time! To get all the addresses (lockingbytecodes) of UTXOs holding a certain token! So easy! Highly recommend other developers to take a look at the playground" submitted by /u/Mr-Zwets
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source https://www.reddit.com/r/btc/comments/116k3ss/just_tried_chaingraphcash_out_for_the_first_time/

Sunday, 19 February 2023

Norway once again has a Bitcoin ATM and its placed in Oslo by NBX. This is a step towards broader adoption as its the only Bitcoin ATM in the entire country.

Norway once again has a Bitcoin ATM and its placed in Oslo by NBX. This is a step towards broader adoption as its the only Bitcoin ATM in the entire country. submitted by /u/LincHamilton
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source https://www.reddit.com/r/btc/comments/115sdlo/norway_once_again_has_a_bitcoin_atm_and_its/

How Many Bitcoin Confirmations is Enough? A deep dive into quantifying double spend risks.

How Many Bitcoin Confirmations is Enough? A deep dive into quantifying double spend risks. submitted by /u/statoshi
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I am kind of afraid of BCH incoming hard fork...

Hey fellow crypto users... I am sure there will be splinter group again (like BCHA/BSV...)

and who knows where the BCH price will go...

any advice/ideas

submitted by /u/Purple-Local-7425
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source https://www.reddit.com/r/btc/comments/115pspl/i_am_kind_of_afraid_of_bch_incoming_hard_fork/

#BitcoinCash save the day -Just happened today

#BitcoinCash save the day -Just happened today

https://preview.redd.it/ujq53m0r70ja1.jpg?width=566&format=pjpg&auto=webp&s=fc1834570c17fa4134c74c472f35ae17ee1edf97

Alain, is on his scooter 🛵under the rain, driving from Hospital🏥 where his mother is sick→driving his scooter🛵 to meet the crypto exchange guy. Alain needs 💰 money, he cannot withdraw from his 🏦 bank account. #BANK seized his money 💳 just like all lebanese struggles. His mom at the 🏥 hospital, Alain need money for hospital- He called📱 his friend who lives in #Africa asking help for a small amount of 💰 money. His friend already has financial issues😳 plus he cannot, AT that MOMENT send him Via Western union or OMT ( money transfer). BUT!! His friend holds-Bitcoin cash💚- problem is that Alain doenst have any idea about cryptocurrency🤷🏻‍♂️. So friend from Africa, contact 📱his friend DwellersArt who lives in #Lebanon -to help Alain with this process and search for crypto buyer. So the 3 together they were able to find a Crypto buyer/exchange Near to where Alain lives and hospital. It took an hour maybe a bit more to find someone🧐 in Alain area that wanted to buy crypto.-finally we was able to contact someone, It was a girl: so we explain to her the situation🗣️, she gave us her Brother contact, to help with the process. We end up making a beautiful circle connected all 5 people together to be able to solve Alain's issue using BitcoinCash.. Its dark now with very bad weather and we didn't imagine that this could be solved in such a short time. Then he went to meet the crypto Girl at the same time in contact with her Brother. Alain met the girl and he TRADED 🤝his BCH with cash money and drive back to the Hospital. All this happened in 1hour or a bit more! But it felt like a full day, BCH is rugged. Feels like Bitcoin cash is for the streets and impossible missions, it doesn't feel like a currency with value!! It feels like an instrument, a tool or solver during a hard time. It cannot solve everything! But at least it played a huge role today!

submitted by /u/Nabzzzzz00
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source https://www.reddit.com/r/btc/comments/115p7ch/bitcoincash_save_the_day_just_happened_today/

How banks orange pilled me

Warning: long post

This article is dedicated to the other Bitcoiners out there. I know we are excited to share what we know and to teach others, but most of us struggle on where to begin. Do you even remember how you started in the Bitcoin world?

I never thought about this before, until I read a great article about orange pilling. The author points out that most Bitcoin maxis don't remember what their mindset was before the orange pill. Nor can they point out the exact a-ha! moment they flipped. The article continues examining how most Bitcoiners try to convince others to invest in crypto by explaining how good new technology is or about the flaws present in our current system, and never really get their point across. This is because the listener does not have, see or understand the problem in the first place. Why would you look for a solution when you don't have a problem?

This led me onto a path of searching for my most impactful moment that locked me into becoming a Bitcoin maxi.

I haven't been in the crypto space for very long. I get into it right at the beginning of 2022, crypto winter. My brother in law tells me he invested in some crypto, so I start investigating what this is. I think, partly, because I am a software engineer, this technological innovation hooks me almost immediately. So I decide to buy a small amount of btc and some other cryptos so it is easier for me to keep track of this subject on a daily basis, and it works. For more than a year now, I have been reading up on news about politics, economy and the crypto space, topics I have never been interested in before. And in a short couple of months, I learn more about these subjects than I did in my previous nocoiner life.

In 2022, I move away from crypto and more into a Bitcoin only mindset because of what is going on around the world. One of the biggest events that leads me to this, is the economical warfare between the West and the East. The ability to remove a country from the global payment rails (SWIFT) with just a push of a button is just crazy. What's even more mental, is that there are no other good alternatives to this tool created in the 70s which is under centralised control, that is also slow, expensive, doesn't always work well, and is almost a complete monopoly.

As 2022 comes closer to 2023, more bankruptcies start to happen, multiple frauds are revealed, bad actors exposed, and of course, the price of crypto-everything is going down. All these events can easily push away anyone who just got into the field, but for me it was different. Instead of cashing out and running away from all this "risky crypto speculation" I start forming my own opinion. I still see the potential value of some crypto projects and industry disrupting technologies that are being built, however it's still too early to tell which projects are going to survive, which ones are run by bad actors, and which are the ones that are going to provide significant value when scaled up.

In parallel to forming this opinion, I start developing an understanding of why Bitcoin is different. I am not going to discuss everything I learned here, because that's not the point of this article, but I will say, even though the price of it went below 40000, then below 30000 and finally below 20000, I kept stacking more. But why?

After going back, I can pinpoint the exact moment I got orange pilled, and it was when I tried to buy my first crypto. After researching all the possible exchanges I can find, I am ready to buy, and conclude that Binance is the best option for me. It is the biggest exchange in the world, widely used everywhere, and that's where my brother in law bought it, so it makes sense to dip my toe in there first. I register, get all my KYC checks done, and in less than a week I am ready to buy. I enter my credit card details, select the amount I want to purchase, click buy, my heart stops for a bit as I am excited and nervous at the same time to be a new crypto owner aaaaand...error processing payment. Maybe I entered the details wrong, so I repeat the steps, and I get another error. After a couple more tries, I conclude that my bank is blocking the transaction for safety reasons, understandable, after all it is the first time I am using this website. I contact my bank and after some investigation done by their customer support, the reply from them is: It seems you are trying to buy crypto currency, and since we are regulated by the central bank which does not allow buying crypto currencies, your transactions to Binance are blocked.

At this point, I am very confused. It doesn't make sense that my brother in law is able to buy crypto through Binance and I am not (we live in the same country by the way). Maybe the law has changed recently? I do more research, but can’t find anything about the crypto ban in the country I live in, so I contact the central bank. I explain that my transactions are being blocked because of the regulation they have imposed (according to my bank). They reply back saying crypto purchasing is not illegal nor prohibited, but their position is that it has high risks associated with it. I have a short temper, so this makes me furious. I simply can’t understand how my bank can block me from using my money and lie about why they did it? This emotional response I have is what I credit as one of the biggest impacts of me becoming a Bitcoin maxi. When you start studying crypto as a normie, a lot of the stuff that people in the space say just sound like conspiracy theories. “Decentralised this”, “permissionless that”, why do I need fancy solutions if I never have problems with my bank payments… until now.

So how did my brother in law manage to buy his? He used a different bank. Ok phew, I have an account with that bank as well. Maybe my main bank is messed up and doesn’t allow me to use my money, but at least I have an alternative. Easy peasy. I transfer some money into the other bank account, pay some handsome fees, type in the new card details in Binance and with relief, click buy, because finally, after a few weeks of trying, I am going to get my crypto (fingers crossed). But no, Payment Failed. Again. There must be a mistake, this bank does allow my brother in law to buy, so I must have typed in some digit wrong. So I re-enter the details again. Payment Failed. I contact customer support of this other bank. A very nice customer service agent confirms my identity, checks all the transaction details and says she doesn’t see a problem, that it must have been a communication error, so I can try again. So I do just that, and to no one's surprise, I get the same outcome. The agent does not know what the issue is so she says is going to check with her colleagues. And this is the response I get after a couple of hours: "The transaction cannot be completed because it is not allowed due to an operations and security issue since these types of transactions hold high risk, like virtual casinos and online betting".

As I said before, I have a short temper. So I am fuming at this point, for the second time, a bank is refusing to let me spend my hard earned money on whatever I want (and that is 100% legal in the country). Ok, maybe I am overreacting. My brother in law used this bank, so they are probably just afraid of some legal consequences if I were to lose my money trying to invest in crypto. So I contact them again, saying I acknowledge the risks and ask kindly if they can lift this restriction from my account. Their reply: “Not possible”.

That strong, emotional connection to this specific situation is what made me realise there is a problem, and the key factor that led me to study it to try and understand it better. Other people's experiences, explanations, difficulties and solutions will have little to no impact on their own, but since I have experienced something related to it, I now have a very strong drive to keep learning more about this innovation, which excites me. Which is why I am now truly grateful to these two banks for giving me an orange pill.

submitted by /u/rimboza
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This Lido token is a clear example of trying to leapfrog BCH

Never heard of it, can't believe the volume is legit. I think they do "wash trades" or something to get the price up.

But what really is the point? Can you force people to be interested in an unknown token/coin in this way? The manipulation can't be free and I bet in fact it is pretty darn expensive.

submitted by /u/relesabe
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source https://www.reddit.com/r/btc/comments/115nnh5/this_lido_token_is_a_clear_example_of_trying_to/