Thursday, 1 September 2022

Lightning Network adoption..

Have a question. Why all the modern secure wallets don’t have lightning network integrated? What’s stopping them to use it.

submitted by /u/NckyDC
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UK inflation 22% in 2023. Why isn’t this on news headline everyday?

This is war-level catastrophe. I’m surprised people are walking around as if this will never happen or even if it does, it will be subdued in short order.

Is no one worried or are we re-living the pre-crisis 2006/2007 days again…

https://www.cnbc.com/2022/08/30/uk-inflation-could-top-22percent-as-energy-prices-soar-goldman-sachs-warns-.html

submitted by /u/jensiejebeb8
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Michael Saylor Sued for Tax Fraud by DC Attorney General

Michael Saylor Sued for Tax Fraud by DC Attorney General submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/x2n4sd/michael_saylor_sued_for_tax_fraud_by_dc_attorney/

“Wow, Saylor and Microstrategy being sued. Might be part of his recent "stepdown" as well. This will likely just add to the pressure for them to capture cash on their Bitcoin position - especially if they have a large tax backbill.”

“Wow, Saylor and Microstrategy being sued. Might be part of his recent "stepdown" as well. This will likely just add to the pressure for them to capture cash on their Bitcoin position - especially if they have a large tax backbill.” submitted by /u/Egon_1
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source https://www.reddit.com/r/btc/comments/x2nmc1/wow_saylor_and_microstrategy_being_sued_might_be/

Second Country Adopts Bitcoin as Legal Tender — Following in El Salvador's Footsteps | CoinMarketCap

Second Country Adopts Bitcoin as Legal Tender — Following in El Salvador's Footsteps | CoinMarketCap submitted by /u/invincibilityio
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Bitcoin mining difficulty spikes 9.26% to hit a new record high

Bitcoin mining difficulty spikes 9.26% to hit a new record high submitted by /u/Mrnrwoody
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Do you think BTC will surivive after CBDC is here?

I don't think so. BTC is meant to be a currency but so is CBDC. So it comes down to which one is better as a currency and that's CBDC.

CBDC is better because it has the same level privacy which FIAT has.... which is terrible privacy but it's infinitely better than no privacy at all which is the problem with BTC.

If you get your salary paid in BTC, then your boss will know which one's your address and will be able to know ALL your addresses, it does't matter if you send to another wallet, your boss will know all wallets that belong to you.

And the tools for analyzing the public ledgers are going to become more advanced and user friendly later, so your boss will likely not even need you to give your address, he'll just be able to look you up, typing your name into some public database and get all your wallets.

So what happens if you go to Vegas for a weekend and visit a strip club. Then you get fired from your job because it's visible in the blockchain.

It's not just your boss, it's also anyone can look you up. They can see all your savings, how much money you have, what you're doing with them. Your friends will know all about the sex toys you buy, your mom will complain on all the beer you buy, and your neighbor might get worried about why you're seeing a psychiatrist so often and I think we will all have to see a psychiatrist when we realize that WEF won the war against crypto currencies.

I just don't think most people will be ok with that extreme privacy issues BTC is going to have when/if businesses start accepting BTC.

That's why everyone will want to use CBDC as their currency.

And that's just one of the many problems which crypto have against CBDC. Those corrupt politicians can do anything, higher taxes for those who use BTC instead of CBDC for example. And no one wants a highly volatile currency like BTC anyway.

BTC is going to just be for investing, but the whole selling point of BTC is gone when CBDC comes, so it might not make any point to invest in BTC any more.

Goverment will have direct full control of CBDC and indirect full control of BTC (and other cryptos like ETH as well). It's only privacy coins like Monero which can resist their control. BUT Monero will also be useless because yes it's a great currency that can't be stopped, we can use it to send money anonymously but no businesses will accept Monero if/when it's illegal and it's already illegal in a few countries.

This whole BTC is a decentralized resistance against oppressive governments, it's freedom money bla bla is all bs. BTC can't resist anything.

Mixers will get sanctioned as well. Tornado Cash already was and the dev was arrested.

WEF and CBDC have basically already won. They are just one move away from check mate. You will own nothing and you'll be happy! Crypto lost and we're going back to slavery. Please change my mind if you can.

submitted by /u/Fun_Assistance_1696
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source https://www.reddit.com/r/btc/comments/x2jecv/do_you_think_btc_will_surivive_after_cbdc_is_here/