Now that we've finally broken ATH can we please shut the f up and drive this baby to 100k.... quietly?

So we all have a bit more time to stack sats. C'mon guys, we all know the fun is over when fomo is around.

submitted by /u/sirkloda
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Would it be worth an expert making some noise with the thesis on /r/changemyview: "Bitcoin Cash is the superior Bitcoin"

I'd do it but I'm far from an expert on Bitcoin Cash. I'm a nobody redditor. I just think making the case for Bitcoin Cash to the world on /r/changemyview would be interesting in that discourse on that sub has a protocol to follow. Counterproductive FUD comments would largely not be tolerated.

Anyway, I'm just enjoying the idea of BTC supporters trying to defend the 1MB block size, and a ~5-7 TPS limit to that audience.

(Calling "bitcoin cash the one true bitcoin" is moot anyway. It's probably best we don't claim that. It makes far more sense imo to defend that it's simply superior to BTC as a usable currency.)

submitted by /u/____candied_yams____
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source https://www.reddit.com/r/btc/comments/k4bsj8/would_it_be_worth_an_expert_making_some_noise/

Andreas Antonopoulos first book "Mastering Bitcoin" applies to Bitcoin Cash, not so much to Blockstream´s Bitcoin Core.

I think Andreas knows he f!"·% up. As time goes BTC will probably keep changing and Andreas' first book will distance itself from Bitcoin Core. Maybe a new version of Mastering Bitcoin will come with the "updates". If you have a copy of the first edition of Mastering Bitcoin keep it safe.

The new title for the book could be "Mastering Bitcoin, Locking digital cryptocurrencies so it works for the bankers"

Also, a reminder that the original book is licensed under Creative Commons Attribution-ShareAlike 4.0 International License. https://creativecommons.org/licenses/by-sa/4.0/

submitted by /u/estebansaa
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source https://www.reddit.com/r/btc/comments/k4cnvt/andreas_antonopoulos_first_book_mastering_bitcoin/

The case for Holding Crypto on Robinhood/PayPal

I am an attorney (not yours, and probably not in your state), and there is value in holding your crypto on an exchange like Robinhood or PayPal (less so with CoinBase).

One of the most common sayings in the subreddit is that if you don't hold the keys, you don't own the bitcoin. While this may be true from a purely computer-science perspective, it is not true from a legal perspective.

When you hold crypto on an exchange or with a service like Robinhood or PayPal, you own title to the bitcoin (you could have "bailed" it to the exchange/service, or alternatively it is being held by the exchange/service on your behalf), and if the exchange or service makes some mistake, you have legal recourse against the exchange or service. In other words, you can sue to get damages from them for their mistake.

The ability to file a lawsuit against them only has value if the exchange/service has assets you would be able to seize. So, this means that a better bailee would not only hold crypto assets and would have substantial other assets that you could seize if you won the lawsuit. In other words, services like CoinBase, whose sole business is crypto, could lose all their assets in the event of a bad security breach, or in the event of theft. This has been seen before with MTGOX, and everyone who stored any crypto on MTGOX was left pretty much SoL.

Again, this brings me back to PayPal and Robinhood. These two companies have substantial assets and revenue streams primarily from sources other than crypto. So, if they get hacked and lose all of their crypto, there is still likely going to be recourse against these companies.

There are also other advantages from holding your crypto on these services. Specifically, it adds additional, multiple layers of protection against "wrench attacks." Wrench attacks are when someone learns you have crypto so they come over to your house and "hit you with a wrench" (physical violence) until you give them your crypto. If you hold your own keys, this transfer is instant and irreversible.

By holding your crypto on PayPal or Robinhood, you ensure substantial delay between your crypto being sold and the funds being available. When you sell your crypto on Robinhood (I have no experience with PayPal), for example, it takes typically 3-5 business days (or more) for the funds to clear and to be able to withdraw them to your bank account.

Then, once your funds are available to withdraw, you withdraw them to your bank account (typically 3-5 more business days).

Then, once the funds hit your bank account, you must either go into the bank or write a check or have some other way of getting the funds to the attacker.

In other words, the substantial delays built into holding your crypto on a service like PayPal or Robinhood act as a lengthy buffer of safety when there will likely be chances to act and protect yourself and (secondarily) your assets.

Wrench attacks do happen, and storing your crypto on a service like Robinhood or PayPal has its value in protecting your crypto and giving you recourse against a company that has other assets that are seizeable.

Certainly holding your own keys is great and has its advantages, but it also has its own risks. Even losing your keys, for example, is a risk that you don't have when storing on Robinhood or PayPal.

So, there it is, the case for storing crypto on a service like PayPal or Robinhood.

submitted by /u/gamileon
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source https://www.reddit.com/r/btc/comments/k4cgi7/the_case_for_holding_crypto_on_robinhoodpaypal/

WARNING: Paxful is aggressively KYC and doesn't warn users until AFTER depositing bitcoin their funds will be locked until verification is completed

Just posting to warn everyone about paxful. I literally found it on a list of KYC friendly exchanges and sadly that couldn't be more far from the truth

AFTER buying bitcoin through paxful, your funds will be locked until KYC is completed. There is no warning of this beforehand. If you are unable to complete the KYC verification your funds will be permanently locked in paxful. You cannot even trade them back to your original form of payment

The KYC is some of the most aggressive I have ever seen, involving submitting photos of government documents as well as a live 'video selfie' of your face for facial recognition purposes

I'm sure paxful makes quite a killing here, with crypto users that tend to value anonymity choosing to take a loss rather than have a three dimensional profile of their face in some for profit database

Do not use paxful. Do not support this business. This is literally the scummiest practice I have encountered since I began using bitcoin in 2013

Edit: Just because I know someone is going to ask, KYC = know your customer, which is a US government initiative for corporations to know who their customers are for tax/criminal investigative/surveillance purposes

submitted by /u/fr33dom35
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Just as expected the mainstream media engages once we hit a new ATH. This is where the crazy begins...

submitted by /u/AshSmashBashDash [link] [comments]

Fastest way to make bitcoins?

Hi. Our family is in a bit of troubling times, with my mom losing her job at the gas station. We are becoming a bit more stable now because my mom got another job, but we don't have too much extra money to spend on gifts on Christmas. My parents usually get a bit of money to try to get me a nice gift. I wanted to give my parents a little something, and I stumbled across Bitcoins. What is the fastest way to earn bitcoins? I need around 100 dollars before Christmas.

submitted by /u/Average-Realistic
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source https://www.reddit.com/r/btc/comments/k4axhm/fastest_way_to_make_bitcoins/