Tuesday, 7 September 2021

Genopets is a PlayToEarn NFTGame set in a blockchain metaverse that is shaped and molded by your real-life actions ⛓ Keep active and your Genopet won’t be far behind, evolving in the Genoverse as you evolve in real life.

Genopets is a PlayToEarn NFTGame set in a blockchain metaverse that is shaped and molded by your real-life actions ⛓ Keep active and your Genopet won’t be far behind, evolving in the Genoverse as you evolve in real life. submitted by /u/Alexiachavez07
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source https://www.reddit.com/r/btc/comments/pja8q4/genopets_is_a_playtoearn_nftgame_set_in_a/

I did LSD and became a Maximalist. I'm selling all my altcoins for more Bitcoin

Everything is clear to me since.

It seems obvious now that DeFi is a bubble. Everyone is trying to lure you away from Bitcoin with exceptional return rates, it feels so shady (I'm not naming any specific altcoin here, but you can all guess it).

Proof of stake make no sense. A currency itself doesn't need to give interest. I was feeling forced to stake to get interest or else I will get punished with inflation. So everyone are locking their coins in custodial exchanges so they can stake for them. Cryptocurrencies on exchanges can't work! It can get cornered by governments and even shutdown.

Their systems is flawed and a messy catchall. The systemic risk in the ecosystem is insane and poorly reflected in the price. There is so much things that can turn out wrong and it can burst at anytime.

DeFi is cool sure, but altcoins are at best testnets for the Bitcoin second layer. Everything of value that altcoins offer can and will be built on top of Bitcoin. Cryptocurrencies are not tech stocks!

Bitcoin itself just need to be secure, private and decentralized. Keep it simple! It makes much more sense that institutions and decentralized projects will use the Bitcoin infrastructure. Thus, making altcoins completely obsolete.

submitted by /u/el_timinou
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Let tomorrow be known henceforth as World Bitcoin Day

Since September 7 2021 will be the first day that El Salvador adopts bitcoin as a national currency this day should be honored forever.

Many thousands if not millions around the world are planning to celebrate this momentous moment bitcoin becomes the first cryptocurrency to be used as a national currency, and the first country to do so, by each purchasing $30 worth of bitcoin.

This is symbolic of the $30 in bitcoin that all citizens of El Salvador will be awarded by their government.

Reddit has spoken.

submitted by /u/Ultralongevity
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Nayib Bukele πŸ‡ΈπŸ‡» on Twitter: "El Salvador has just bought it’s first 200 coins. Our brokers will be buying a lot more as the deadline approaches"

Nayib Bukele πŸ‡ΈπŸ‡» on Twitter: "El Salvador has just bought it’s first 200 coins. Our brokers will be buying a lot more as the deadline approaches" submitted by /u/soyc76
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Tether: “In Madoff's case, the SEC had the excuse that the ponzi nature of the fund was hidden under "trade secrets", and the SEC did not have the authority to order an audit of their supposed portfolio.”

Tether: “In Madoff's case, the SEC had the excuse that the ponzi nature of the fund was hidden under "trade secrets", and the SEC did not have the authority to order an audit of their supposed portfolio.” submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/pj8ugz/tether_in_madoffs_case_the_sec_had_the_excuse/

Tether: “ One of the nice things about the NYAG case, when Bitfinex loses their bid to stop the release of the papers, everyone will know what they were buying. They won't be able to cover it up by trying to switch the make up of the reserve assets into something less objectionable.”

Tether: “ One of the nice things about the NYAG case, when Bitfinex loses their bid to stop the release of the papers, everyone will know what they were buying. They won't be able to cover it up by trying to switch the make up of the reserve assets into something less objectionable.” submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/pj8wsf/tether_one_of_the_nice_things_about_the_nyag_case/

Would SmartBCH be considered an Ethereum layer 2? L2Fees

Would SmartBCH be considered an Ethereum layer 2? L2Fees submitted by /u/MichaelTen
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source https://www.reddit.com/r/btc/comments/pj82ji/would_smartbch_be_considered_an_ethereum_layer_2/