Monday, 14 September 2020

Please join the Bitcoin Cash BCH East-West Friendship Group on WeChat so we can have better comms with the Chinese community.

Please join the Bitcoin Cash BCH East-West Friendship Group on WeChat so we can have better comms with the Chinese community. submitted by /u/georgedonnelly
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source https://www.reddit.com/r/btc/comments/isadpf/please_join_the_bitcoin_cash_bch_eastwest/

Fayke Btc can’t pump for shiit

Its now Worth less in the real bitcoin value than 2018 all time low.. roger what are you doing ?

submitted by /u/ayolisten
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source https://www.reddit.com/r/btc/comments/isacmr/fayke_btc_cant_pump_for_shiit/

Weekly update. 521 BTC were traded using LocalBitcoin last week,trading Bs. /BTC and BTC/Bs. (Bolivares, Venezuelan "official" currency, ISO VES). These 521 BTC were 1,985,000,000,000 Bs. (ATH in Bolivares). One BTC is around 4,000,000,000 Bs. Monthly minimum wage is around 2.1 USD.

Hi guys, as you might know I'm a Venezuelan "living" here.

September keeps the trend around 500 BTC traded weekly. Usefultulips reports 4,000,000 USD in September so this month could see a increase.

The trade is only measured using LocalBitcoin, there are other exchanges like AIRTM (this one banned by the Goverment), Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares (BTC to BS and BS to BTC).

Here are more stats https://www.usefultulips.org/combined_VES_Page.html

Monthly minimum wage is 800,000 Bs. one USD is around 370,000 Bs.

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/

The average income of the Venezuela is 0.72 USD daily (2020 numbers).

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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How resilient should a lightning node be?

A lightning node should be on and running 24/7.

What happens if it is down for a day for example? If the machine were to malfunction, what data can possibly be lost and what are the recommended ways to prevent data loss? I.e. how frequently should the system back itself up?

I want to understand a bit better what is involved before I set up my first lightning node.

submitted by /u/tookthisusersoucant
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