Bitcoin Price Prediction Tips to Make Profits

submitted by /u/sujal456 [link] [comments]

source https://www.reddit.com/r/btc/comments/p36mij/bitcoin_price_prediction_tips_to_make_profits/

Early-stage U.S. House bill would ban CoinJoined coins from CEXs (Unlikely to become law)

This information comes from Monero friendlies. BCH🤝XMR

On July 28, 2021 U.S. House Representative Donald Beyer Jr. (Virginia 8th district, Democrat) introduced H.R. 4741: Digital Asset Market Structure and Investor Protection Act. It appears that this bill is unlikely to become law. More on that later. First, the parts of the bill that may impact BCH's CashFusion CoinJoin privacy-enhancing protocol:

​

(b) Purpose

The purpose of the rule described in subsection (a) shall be to ensure that anonymizing services, money mule, and anonymity-enhanced convertible virtual currencies are not used to prevent association of an individual customer with the movement of a digital asset, digital asset security, or virtual currency of which the customer is the direct or beneficial owner.

(c) Requirements

The rule described in subsection (a) shall—

(1) require any financial institution to prohibit any person from engaging in any transactions that involves digital assets or digital asset securities and—

(A) anonymizing services;

(B) money mules; or

(C) anonymity-enhanced convertible virtual currencies;

[....]

In this section, the term ‘virtualcurrency’, ‘anonymizing service’, ‘money mule’, and ‘anonymity-enhanced convertible virtual currency’ have the meanings given such terms by the Secretary of the Treasury, acting through the Financial Crimes Enforcement Network.

We are still working on determining where the Secretary of Treasury defines these terms, if they have even been defined yet.

CashFusion may be affected by this since it could be considered an anonymizing service. Therefore, centralized exchanges like Coinbase, Kraken, Binance, Gemini, etc. might refused coins that have gone through a CashFusion transaction.

The good news is that this bill will likely not become law. Members of Congress introduce bills that will never be enacted all the time. It is sort of a way to show to their voters and lobbyists that they are working on issues. They may also try to insert pieces of their bills into larger bills as amendments.

This bill has no co-sponsors, so no other member of Congress has gone on the record as supporting it. It has only been submitted to the Committee on Financial Services, the Committee on Agriculture, and the Committee on Ways and Means. This is the beginning of a long process of edits, hearings, and votes before it even gets to the floor for a final vote -- and then it would need to pass the Senate hurdle. In addition, it is very difficult to get any legislation through Congress right now since the Republicans and Democrats are so at odds with each other, and the Democrats have a weak governing coalition.

Finally, the GovTrack "prognosis" says "4% chance of being enacted according to Skopos Labs." I have never seen a prognosis percentage like this before, so it may be new -- and I don't know what it's based on. But I guess the algorithm, whatever it is, agrees that it is unlikely to pass. Pieces of the bill could still show up as attempted amendments to other bills, however.

So, don't worry too much (yet). I'm posting this now to get ahead of any rumors that may start about this bill. I used to work in policy so I'm in a pretty good position to interpret the chances of this bill and the process for it possibly becoming law.

EDIT: The GovTrack info and the bill text itself was inconsistent about whether it had been referred to a committee. I edited the post to say that it had been referred to committees, since the bill text said it had been.

EDIT2: If I had to write the post title again, I probably would have said "would likely ban..." since interpretation of law can be complicated.

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

source https://www.reddit.com/r/btc/comments/p36lh3/earlystage_us_house_bill_would_ban_coinjoined/

10,000 DINOs, 1 Bitcoin

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

source https://www.reddit.com/r/btc/comments/p37eqx/10000_dinos_1_bitcoin/

ICYMI: mining hashboards of the Antminer S17 have "In Math We Trust" written on them.

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

⚡ Lightning Thursday! August 12, 2021: Explore the Lightning Network!⚡

The lightning network is a second-layer solution on top of the Bitcoin blockchain that enables quick, cheap and scalable Bitcoin payments.

Here is the place to discuss and learn more about lightning!

Ask your questions about lightning

Provide reviews, feedback, comparisons of LN apps, services, websites etc

Learn about new LN features, development, apps

Link to good quality resources (articles, wikis etc)

Resources:

• Here is an awesome list of resources compiled by Jameson Lopp: https://www.lopp.net/lightning-information.html

• Want to test out your lightning fire power? tip the Bitcoin devs! https://bitcoindevlist.com/

• Previous threads: Search

• Lnbook getting closer towards being finished and can already be seen at: https://github.com/lnbook/lnbook

• Lightning Dedicated YouTube Channel: https://youtube.com/renepickhardt

• Also there is the playlist by chaincode labs: https://youtube.com/playlist?list=PLpLH33TRghT17_U3as2P3vHfAGL8pSOOY

• Lightning stores: https://www.lightningnetworkstores.com/

• Learn more and talk about lightning right here in r/Bitcoin, r/bitcoinbeginners, r/thelightningnetwork, and the r/Bitcoin chat

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

As a professional bartender, I let my guests pay with bitcoin~

I posted this in a comment a while back ago, but I think it's kind of... cool? And also important to hear for anyone working in the fiat world (especially food service workers), as they could maybe replicate the action or something similar.

So I'm a bartender. Like, professionally. As in it's my main source of income to live, I do it 5 nights a week in a professional, semi-fancy restaurant. Note: This is a typical, fiat-only restaurant.

I was chatting about crypto with a guest sitting at the bar who just happened to also be a bitcoiner, like me. So I did this thing... I offered to let him pay his bill in bitcoin.

And he did.

I got him to send me and equivalent amount to my wallet address (plus whatever tip he wanted, and he did tip well). And then I paid his tab for him myself.

Perhaps there are even more ways to work BTC into today's world. Just letting you guys know that I'm out there, doing my part~ 💙

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

Saifedean and Michael Saylor on Austrian Economics and Michael Saylor’s free online university

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