Monday, 6 September 2021

Vast Bank became the first chartered bank in the US to start offering Bitcoin Cash services to its customers

Vast Bank became the first chartered bank in the US to start offering Bitcoin Cash services to its customers submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/pilyx2/vast_bank_became_the_first_chartered_bank_in_the/

Amendment to the Calculations of the Bitcoin White Paper.

submitted by /u/lmecir
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source https://www.reddit.com/r/btc/comments/pilivj/amendment_to_the_calculations_of_the_bitcoin/

Missing funds

Has anyone ever heard of coin payment authority? They supposedly monitor some transactions on blockchain and can help me recover missing funds? Just trying to find more information on them. Their email is @coinpaymentauthority. I had an error with a withdrawal and the wallet that sent me funds sent me a smaller amount than I requested and it seems sent the rest back to it

submitted by /u/Mannyliciousss
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source https://www.reddit.com/r/btc/comments/pilbjm/missing_funds/

Report the tweet for misinformation

Report the tweet for misinformation submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/pim4qd/report_the_tweet_for_misinformation/

El Salvador Tuesday

At what time is all community supposed to buy the symbolic 30$ of BTC? Can’t wait to be part of Bitcoin history

submitted by /u/emilioermeio
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One doesn’t cash out Bitcoin, Bitcoin IS cash

People often talk about exchanging BTC for cash or cashing out. It comes from both folks who are new to Bitcoin and folks who’ve been around for awhile. “Cashing out” implies that currencies like USD are the end game. What they really mean is exchanging BTC for a local currency like USD.

Today in 2021 nearly all purchases in the US are priced in dollars and it’s necessary to exchange BTC to USD to spend it unless the merchant takes BTC. However, BTC is no less a currency than the Euro or Yen, which also need to be converted into USD unless the merchant takes EUR/JPY.

Instead of “selling BTC for cash,” think “exchanging BTC for USD/your local currency.”

*Most countries don’t recognize BTC as a currency/cash so whether one thinks of BTC as cash, exchanging it still creates capital gains and losses.

Closing thought - Bitcoin is soon legal tender in El Salvador and if it’s successful over time, Salvadorans one day might find themselves saying, “cash out to BTC.”

submitted by /u/jameside
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Can I start using Bitcoin Tuesday in the US?

Now that El Salvador is using Bitcoin as a sovereign currency am I allowed to make small transactions under $200 and not have to file for capital gains/loss? I'd say this would cover 98% of my transactions so I am really interested in getting started being paid in and using my extra Bitcoin not being held.

submitted by /u/Tale_Spirited
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