Saturday, 18 July 2020

Someone is PM me about /r/BCHTrading

To clarify, I created some BCH related subs in the past and set them private mode to avoid troll take over.

I'm not a follower of BCH anymore but I have r/BCHTrading, among others, that I created for that purpose.

If you are interested in taking that sub PM me, but it is unlikely I'll give it away or invite anyone I don't know the nick for the past 4 years.

submitted by /u/rdar1999
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source https://www.reddit.com/r/btc/comments/ht9o57/someone_is_pm_me_about_rbchtrading/

Great explanation! If you want security you need low fees.

submitted by /u/WiseAsshole
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source https://www.reddit.com/r/btc/comments/ht8siu/great_explanation_if_you_want_security_you_need/

Most Americans Heard of Bitcoin, the Challenge Now Is They Understand Its Real Purpose

Most Americans Heard of Bitcoin, the Challenge Now Is They Understand Its Real Purpose submitted by /u/sylsau
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Bitcoin Coasters! Got a 3D Printer? Perfect, you can print your own!

Bitcoin Coasters! Got a 3D Printer? Perfect, you can print your own! submitted by /u/CryptoCloaks
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Report Cuts China's Bitcoin Mining Capacity to 50% of World Total, Raises US' to 14%

Report Cuts China's Bitcoin Mining Capacity to 50% of World Total, Raises US' to 14% submitted by /u/swiftestcat
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source https://www.reddit.com/r/btc/comments/ht70e2/report_cuts_chinas_bitcoin_mining_capacity_to_50/

493 BTC were traded in Venezuela using LocalBitcoin (down from 544) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan official currency). 544 BTC were 999,452,000,000 Bs. (Bolivares). One BTC is around 2,180,000,000 Bs. Monthly minimum wage is less than 5 USD

Just wanted to update the numbers, two weeks ago we were under 400 BTC first time in a long time. This week the volume recovered, so we are still at around 2,000 BTC monthly.

This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares.

I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

https://www.caracaschronicles.com/

Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily. I think that is true, around 20-30 USD per month.

https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

Any question let me know, AMA. But check my links and sources first.

Sources:

https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

https://coin.dance/volume/localbitcoins/VES/BTC

LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

submitted by /u/WorkingLime
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"Bitcoin over Tor isn't a good idea"

I came across an academic paper from January 2015 titled "Bitcoin over Tor isn't a good idea" authored by Alex Biryukov and Ivan Pustogarov. Since Bitcoin Core has native Tor support and The Tor Project itself has made massive improvements in the internal protocol itself, are such risks still relevant?

submitted by /u/HappyDadOfFourJesus
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