Showerthought: using law to coerce people to use Bitcoin could be a tactic to generate bad PR for Bitcoin by turning the public against it

Case in point here is El Salvador.

It would be easy to whip up public sentiment against Bitcoin with the way that BTC is being introduced there.

Public sentiment on Bitcoin has already been spiked with arguments around energy usage (which have some merit with the way BTC capacity has been crippled).

I bet governments and banks would love to claim Bitcoin was tried but rejected as currency.

I hope the El Salvador government, if it's serious about making this a success, does not prosecute its people for this badly conceived piece of legislation, and instead offers more economic freedom to them.

submitted by /u/sanch_o_panza
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source https://www.reddit.com/r/btc/comments/pj61sc/showerthought_using_law_to_coerce_people_to_use/

If I sent $3 of BTC and BCH each to myself,

I would end up with $3 of BTC and $2.999 of BCH, because if I tried to send BTC the wallet would tell me "insignificant network fee".

submitted by /u/DrankTooMuchTequila
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source https://www.reddit.com/r/btc/comments/pj7ggz/if_i_sent_3_of_btc_and_bch_each_to_myself/

Just hit 7th September in my country and bought $1250 worth of Bitcoin

Just wanted to support the movement for El Salvador accepting Bitcoin and celebrating the Bitcoin day by investing in Bitcoin with the money i saved last month.

I really hope my govt. (India) eases the regulations on crypto.

submitted by /u/Comradekitkat69
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I'm in for $1,000 tomorrow to cover you slackers who are too cheap to buy your $30 share!

I do have a question though..

1) where is the $30 worth of Bitcoin (0.00058) for each citizen coming from? Is the government really going to open a wallet for every citizen and deposit that much into each account?

2) In other words... is this opt-in.. or opt-out, for citizens of El Salvador?

3) Have they already purchased the coin or are we going to see a MASSIVE in-flow of buy orders tomorrow?

4) How are they giving citizens the keys to their wallets?

I'm just scratching my head over the logistics here...

-----------

Population of El Salvador: 6.45 million

Price of one bitcoin: $51,700

Each resident gets: 0.00058 btc

Total number of Bitcoin needed: 3,741

Cost of that much Bitcoin: $193 million

submitted by /u/exmobrian
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We're building Bitcoin Cash and, with Flipstarter, so can you!

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

source https://www.reddit.com/r/btc/comments/pj5pv8/were_building_bitcoin_cash_and_with_flipstarter/

Two days ago you could get 0.52 BCH per BCHA, now you can only get 0.38. The selling of BCHA is most likely driving the current BCH rally.

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

source https://www.reddit.com/r/btc/comments/pj62tz/two_days_ago_you_could_get_052_bch_per_bcha_now/

How to set up an Electrum Server on Windows machine?

I have just synced all data for a Bitcoin fullnode. Now I want to connect it to my electrum wallet, but I am not getting any guides on setting that up on a windows PC. Can anyone help me here? Tried asking the same on r/Bitcoin but no one answered.

submitted by /u/Nervous-Inspector-14
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source https://www.reddit.com/r/btc/comments/pj4s5g/how_to_set_up_an_electrum_server_on_windows/