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submitted by /u/s3k2p7s9m8b5 [link] [comments] |
Saturday 19 March 2022
Friday 18 March 2022
Elizabeth Warren is trying to criminalize and sanction US citizens operating bitcoin nodes/put narcware on all US bitcoin nodes/cold storage wallets.
My absolute main issue with bitcoin reddit, is that you guys underestimate how bad it is to continuously have laws passed to criminalize your existence. While China indeed didn't technically truly stop bitcoin, they all but effectively did.
I'm afraid you're going to have to focus on politics and doing whatever is politically necessary to get laws passed that protect peer to peer rights.
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Moderate Inflation is a good thing is a myth, propagated to justify insane policies
Just your regular reminder that we all have been subject to a heavy dose of propaganda in our school system on inflation and consumption.
This is mainly to justify the necessity of government controlling the money-supply.
A statistician (Keynes) from an aristocratic family who never had to work came up with the (incorrect) theory that spending and consumption are good for the economy, while savings are bad. Therefore, savers should be punished by constantly debasing their savings.
Lots of governments ran with it to justify debasing their currencies to death to pay for WWI and WWII. After the wars, controlling money was too powerful to give up and we ended up with the current insane propaganda that money constantly losing value is actually a good thing.
The economy prospers by hard work and innovations, not by arbitraging financial instruments and buying cheap Chinese shit on a credit card that you can never fully pay off.
If you going to hold Bitcoin for more than a week, read something like the Bitcoin standard - so you can detoxify your brain from all the propaganda.
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How to bridge my altcoin for Bitcoin?
Hello,
I bought some Bitcoin a while back, but I mainly own alt coins (Ethereum included) on Polygon. I don’t like the idea of storing money on a "centralized" blockchain (there is only a few validator on the Polygon network, which enables small fees) and I like the robustness of Bitcoin.
However, by doing research, I only found a way to bridge Bitcoin for an ERC20 token like renBTC, but I can’t exchange renBTC back to Bitcoin. I found the liquality.io bridge which seems to work, but the minimum swap amount is of 0.1 ETH, which is too expensive for me.
Do you any way to bridge EVM tokens to BTC, or any atomic swap or a centralized exchange with low fees and no KYC that I could use?
Thanks a lot in advance!
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source https://www.reddit.com/r/btc/comments/tgh3ix/how_to_bridge_my_altcoin_for_bitcoin/
What would you think about a $0.01 per 1 BCH transaction fee?
- $0.0001 for 0.01BCH ($2.9)
- $0.001 for 0.1 BCH ($29)
- $0.10 for 10 BCH ($2900)
- $1 for 100 BCH ($29,000)
A fee structure similar to this would retain Bitcoin Cash's low transaction fee usability while also increasing overall block security
What would you think of a hypothetically scaling fee model of sort?
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source https://www.reddit.com/r/btc/comments/tggltw/what_would_you_think_about_a_001_per_1_bch/
Thursday 17 March 2022
Ukraine officially legalised Bitcoin
Smart move! Without Swift, Russia can still play with their internal servers, banking systems, Chinese and Indian Swift equivalents.
If your banks & datacenters are bomed and all systems down, a decentralized networks such as Bitcoin is the only option standing for all citizens.
Portable Solar Panel + Starlink + Bitcoin = financial sovereignty for every human on earth
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Do I pay taxes on mined bitcoin?
When I was 16 I mined bitcoin for a couple weeks and made around $60 worth in btc, just recently I decided to purchase a Amazon gift card on BitPay with it and that has got me thinking do i need to file those in a tax report?
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source https://www.reddit.com/r/btc/comments/tfplus/do_i_pay_taxes_on_mined_bitcoin/
Which of these ways are not only easy but also, allow you to reap many monetary benefits and rewards?
1. Staking: Our Favourite
Staking is the process of locking cryptocurrencies in a blockchain network.
2. Yield Farming
Yield farming refers to the process of lending your crypto assets in the decentralized finance protocol.
3. Liquidity Mining
Liquidity mining is one of the easy ways to earn money with cryptocurrencies.
4. Buy and Hold
Buying cryptocurrencies and holding them for a certain period of time is the most effective way of earning money with cryptocurrencies.
5. Referrals: Easy Way to Earn Money with Cryptocurrency
Referrals are another effective way of earning money with cryptocurrencies
6. Trading: Easy Way to Earn Money with Cryptocurrency
Day-trading is one of the most common and easy ways to earn money with cryptocurrency.
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source https://www.reddit.com/r/btc/comments/tfopju/which_of_these_ways_are_not_only_easy_but_also/
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