Thursday, 1 July 2021

Bitcoin and Society

You graduate college with a 100k debt, people clap and cheer for you.

You get married and spend between 5-50k for ONE day, people will clap and cheer for you.

You take a 200k+ loan from the bank to buy your first house, people will clap and cheer for you.

You take a 40k+ loan for a car (a depreciating asset) with an interest rate, people will clap and cheer for you.

Thats $400,000 in total debt that MOST people are living in, and somehow they are feeling good about it because people are congratulating them for it.

Now, go and tell those same people that you spent just a few hundred dollars to start your own journey into crypto

“Are you sure?” “What if it doesn’t work?” “Can you get your money back?” “What if people laugh at you?” “I know a place that’s hiring.” “It’s going to be hard to get people to support you.”

Some of these same people won’t even share or like your post. They won’t help you promote your business. They would rather spend their money with somebody else. They will bring you everything negative about what it is that you’re doing. Picture a bucket full of crabs with no lid. The moment a crab tries to get out, the other crabs will literally rip its legs off.

This year, pay attention to who you’re surrounding yourself with and who you allow into your life.

Success is created by you, not your boss. Become self made and refuse to have it any other way

You deserve it 💎

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

Vitalik Buterin on centralized intermediaries

Vitalik Buterin on centralized intermediaries submitted by /u/Egon_1
[link] [comments]


source https://www.reddit.com/r/btc/comments/ob67l7/vitalik_buterin_on_centralized_intermediaries/

A16z, Coinbase-Backed Startup Looks to Distribute Crypto to Everyone on Earth by Scanning Their Eyeballs: Report

A16z, Coinbase-Backed Startup Looks to Distribute Crypto to Everyone on Earth by Scanning Their Eyeballs: Report submitted by /u/Glizzyator3000
[link] [comments]


source https://www.reddit.com/r/btc/comments/ob4wig/a16z_coinbasebacked_startup_looks_to_distribute/

Bitcoin noobie here, please don’t downvote because of that : I’d like to know if it’s fair to assume that most cryptocurrencies (like Ethereum) will go up and down with Bitcoin, or there are chances they go opposite ways!

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

source https://www.reddit.com/r/btc/comments/ob5qr4/bitcoin_noobie_here_please_dont_downvote_because/

Big news for BTC

Germany will allow 4,000 investment funds - managing $1.8 Trillion - to invest up to 20% in #Bitcoin starting tomorrow, July 1st! 🚀

https://t3n.de/news/deutschland-fondsstandortgesetz-krypto-1375731/

submitted by /u/jamsmash2020
[link] [comments]

Just tried the lightning network for the first time and my eyes are OPENED

Funded my lightning wallet with $10 and sent 1000 satoshis to a friend for the cost of 1 satoshi using Breez. Wallet setup was all automatic and so easy to use.

I recall seeing a top voted comment critisizing LN over a year ago which I now see was complete BS. The comment I read was saying that LN can never catch on because in order to onboard you must perform an on-chain transaction and since bitcoin can only support around 7 transactions per second it would thus take decades to on-board the world population.

Now that I've used LN I see that comment is full of shit. Yes, I myself had to perform an on-chain transaction, but my friend that I sent sats to never had to do such a thing. This means that one entity can potentially onboard MILLIONS of users with a SINGLE on-chain transaction.

I think of the el salvador government and I assume they are doing exactly this. They will be sending every adult $30 worth of bitcoin. That's over 130 million dollars worth of bitcoin. They can send that entire amount of bitcoin to their personal government lightning network address. This will be one on-chain transaction. From this point on they can send $30 of bitcoin to over 4 million adults individually to their corresponding lightning network addresses for a total transaction fee cost of 0.1% which is actually pretty amazing if you compare that to the traditional banking system.

I encourage everyone here to play around with the lightning network. Maybe next time you have poker night with the boys get them all to install a lightning wallet and gamble away using sats. I can only see the lightning network getting better from here. Right now you have to scan a qr code but I'm sure in the near future we can use NFC and simply tap to pay with LN.

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

You can stake Bitcoin Cash now on PancakeSwap! Android app released

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

source https://www.reddit.com/r/btc/comments/ob44kt/you_can_stake_bitcoin_cash_now_on_pancakeswap/