Bitcoin On Air: July 2021

Saturday 31 July 2021

If BTC were to be banned an exchanges were shut down by government, as long as you have custody of your coins where no one can access them, wouldn’t this just make BTC and even more scarce and valuable asset?

No text found

Submitted August 01, 2021 at 12:52AM by teenastyty https://bit.ly/3ihJx9Y

I think I’m done explaining Bitcoin

I like Bitcoin and the crypto space. Met a lot of intelligent, highly calculated risk averse open minded people. We made some gains together and analyzed/speculated on some new projects. I love the curiosity of new people coming into the space. But sometimes I get tired of explaining what the crypto verse is and how revolutionary Bitcoin is to closed minded people. I’m basically done explaining it to them. Once I sense some resistance, negativity, or a response claiming how horrible the space is, I’m just going to stop all together and walk away. To each their own right. It’s energy draining trying to convince to someone how fiat is a bad idea, how government keeps printing over and over again, and how Bitcoin and crypto fixes this. Just gonna focus on my portfolio from now on and anyone else that has the passion to learn. Anyone else feel this way or am I just going mad? via /r/Bitcoin https://bit.ly/3fhJCbK

Daily Discussion, August 01, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.Join us in the r/Bitcoin Chatroom!Please check the previous discussion thread for unanswered questions. via /r/Bitcoin https://bit.ly/2VatEJx

Even at an almost billion dollar loss, MicroStrategy will buy more Bitcoin

https://bit.ly/3xere9B via /r/Bitcoin https://bit.ly/2Ww6nC3

Is this real? If so, how much is it worth in USD?

https://bit.ly/2Vhh8HT via /r/Bitcoin https://bit.ly/2TNcP6T

“We need to be in the cryptocurrency market”, says Mastercard CEO

https://bit.ly/3yiPwAD

Submitted August 01, 2021 at 03:34AM by thefoodboylover https://bit.ly/3j7qVZd

Fed goes brrrr; Bitcoin goes ...

https://bit.ly/3zVB9Tw

Submitted July 31, 2021 at 06:29PM by sinnermass https://bit.ly/3xal76o

Up to $400 billion may start flowing into Bitcoin from Germany on Monday

German institutional funds to invest up to 20% in crypto

"Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects."

"However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could "initially stay well below the 20% mark", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds."

Just a reminder, in Germany over 257 banks charge a negative interest rate for deposits over $25k, so anywhere else to put your money is a safer bet.

Okay, done my FOMO for the week.

Submitted August 01, 2021 at 02:20AM by Perringer https://bit.ly/3j8utuj

“We need to be in the cryptocurrency market”, says Mastercard CEO

https://bit.ly/3yiPwAD via /r/Bitcoin https://bit.ly/3j7qVZd

We've been through a lot in recent months. Friendly reminder to withdraw your Bitcoin from the exchanges

There's been alot of ups-and-downs over the recent months, and you may have gotten comfortable with your Bitcoin sitting on exchanges, waiting for "something".

This is a friendly reminder to withdraw your stack back to your hardware wallet.

Not your wallet, not your coins!

You don't want to be caught with your pants down if an exchange is hacked, or if government passes legislation banning Bitcoin and locks you from accessing your stack.

Play it safe, gents!

Submitted July 31, 2021 at 10:51PM by TooTarded4U https://bit.ly/2V9fZlZ

I only buy btc at 41 and above

I like to be the support

Submitted August 01, 2021 at 12:30AM by 5pghost https://bit.ly/3liKG2D

I work in a world known and prestigious software company and yesterday we had a conversation with my colleagues around BTC. Level of their unawareness was unbelievable to me and I was thinking "We are still too early on Bitcoin!"

No text found

Submitted July 31, 2021 at 11:52PM by MiladMansory https://bit.ly/2WGaATX

If BTC were to be banned an exchanges were shut down by government, as long as you have custody of your coins where no one can access them, wouldn’t this just make BTC and even more scarce and valuable asset?

No text found via /r/Bitcoin https://bit.ly/3ihJx9Y

Up to $400 billion may start flowing into Bitcoin from Germany on Monday

German institutional funds to invest up to 20% in crypto"Spezialfonds reportedly account for about €1.8 trillion (roughly $2.1 trillion) of institutional wealth, meaning that if funds allocate the 20% allowed in the new law, more than $400 billion would likely end up in various crypto projects.""However, according to Tim Kreutzmann, an expert on crypto at BVI, it is likely most of the funds could "initially stay well below the 20% mark", owing to various industry practices and expectations. Notably, the investment funds are available only to institutional investors like insurers and pension funds."Just a reminder, in Germany over 257 banks charge a negative interest rate for deposits over $25k, so anywhere else to put your money is a safer bet.Okay, done my FOMO for the week. via /r/Bitcoin https://bit.ly/3j8utuj

Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

https://bit.ly/3jb7eQe

Submitted July 31, 2021 at 04:57PM by HabileJ_6 https://bit.ly/3A08Vaf

They say that only rich people make money in Bitcoin. Yet a majority of DCAers and HODLers have been people of color and woman. Most long term hodlers I know are brown like me. It’s a financial internet for everyone, not a rich mans stock market

https://on.mktw.net/3j7gkO0 via /r/Bitcoin https://bit.ly/3j1I6LS

I only buy btc at 41 and above

I like to be the support via /r/Bitcoin https://bit.ly/3liKG2D

Bitcoin Newcomers FAQ - Please read!

Welcome to the /r/Bitcoin Sticky FAQYou've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.It all started with the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following articles/books/videos as a good starting point for understanding how bitcoin works and a little about its long term potential:Article: The Bullish Case for BitcoinBook: The Bitcoin StandardVideo 1: The Stories We Tell About Money - Andreas AntonopoulosVideo 2: The Bitcoin Standard - Saifdean AmmousVideo 3: Bitcoin 101 - Balaji SrinivasanVideo 4: Bitcoin Macro Strategy - Michael Saylor & Ross StevensVideo 5: The Saylor Series - Michael Saylor & Robert BreedloveVideo 6: Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset - Stephan Livera, PlanB & Saifdean AmmousSome other great resources include Michael Saylor's Hope.com and "Bitcoin for Everybody"' course, Jameson Lopp's resource page, Gigi's resource page, and James D'Angelo's Bitcoin 101 Blackboard series. Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.If you are technically or academically inclined check out developer resources and peer-reviewed research papers, course lectures from both MIT and Princeton as well as future protocol improvements and scaling resources. Some Bitcoin statistics can be found here, here and here. MicroStrategy's Bitcoin for Corporations is an excellent open source series on corporate legal and financial bitcoin integration.You can also see the number of times Bitcoin was declared dead by the media (LOL) and what you could have earned if you didn't listen to them! XDKey properties of BitcoinLimited Supply - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion per the inflation schedule. Once they are all issued Bitcoin will be truly deflationary. The halving countdown tells you how much time until the next drop in block rewards.Open source - Bitcoin code is fully auditable. You can read and contribute to the source code yourself.Accountable - The public ledger is transparent, all transactions are seen by everyone.Decentralized - Bitcoin is globally distributed across thousands of nodes with no single point of failure and as such can't be shut down similar to how Bittorrent works. You can even run a node on a Raspberry Pi.Censorship resistant - No one can prevent you from interacting with the bitcoin network and no one can censor, alter or block transactions that they disagree with, see Operation Chokepoint.Push system - There are no chargebacks in bitcoin because only the person who owns the address where the bitcoin resides has the authority to move them.Low fee scaling - Most wallets calculate on chain fees automatically but you can view fee estimates and mempool activity if you want to set your fee manually. On chain fees may rise occasionally due to network demand, however instant micropayments that do not require confirmations are happening via the Lightning Network, a second layer scaling solution currently rolling out on the Bitcoin mainnet.Borderless - No country can stop it from going in/out, even in areas currently unserved by traditional banking as the ledger is globally distributed.Trustless - Bitcoin solved the Byzantine's Generals Problem which means nobody needs to trust anybody for it to work.Pseudonymous - No need to expose personal information when purchasing with cash or transacting.Secure - Blocks and transactions are cryptographically secured (using hashes and signatures) and can’t be brute forced or confiscated with proper key management such as hardware wallets.Programmable - Individual units of bitcoin can be programmed to transfer based on certain criteria being metNearly instant - From a few seconds on the lightning network to a few minutes on-chain depending on need for confirmations. Transactions are irreversible by normal users after one confirmation and irreversible by anyone (including miners) after 6 confirmations.Peer-to-peer - No intermediaries taking a cut, no need for trusted third parties.Portable - Bitcoin are digital so they are easier to move than cash or gold. They can be transported by simply carrying a seed (a string of 12 to 24 words) on a device or by memorizing it for wallet recovery (while cool, memorizing is generally not recommended due to potential for forgetting the seed and the potential for insecure key generation by inexperienced users. Hardware wallets are the preferred method for most users for their ease of use and additional security).Scalable - While the protocol is still being optimized for increased transaction capacity, blockchains do not scale very well, so most transaction volume is expected to occur on Layer 2 networks built on top of Bitcoin.Divisible - Each bitcoin can be divided down to 8 decimals, which means you don't have to worry about buying an entire bitcoin.Designed Money - Bitcoin was created to fit all the fundamental properties of money better than gold or fiatWhere can I buy bitcoin?Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.Cash appGeminiSwanRiver FinancialBitstampBitFinexXapoKrakenCexLocalBitcoinsLibertyXP2P exchange list (decentralized)You can also purchase in cash with local ATMs. Services such as CardCoins let you purchase bitcoin with prepaid gift cards. If you would like your paycheck automatically converted to bitcoin use Bitwage.Note: Bitcoin are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year.Securing your bitcoinWith bitcoin you can "Be your own bank" and personally secure your bitcoin OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoin for you.If you prefer to "Be your own bank" and have direct control over your coins without having to use a trusted third party, then you will need to create your own wallet and keep it secure. If you want easy and secure storage without having to learn computer security best practices, then a hardware wallet such as the Trezor, Ledger or ColdCard is recommended.If you cannot afford a hardware wallet there are many software wallet options to choose from depending on your use case. Mobile wallets like BlueWallet are generally more secure than desktop wallets. Beware of fake mobile wallets and check reviews from reputable Bitcoin websites. Avoid paper wallets or brain wallets.If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini or Unchained Capital but be aware you may not be in control of your private keys in which case you would have to ask permission to access your funds and be exposed to third party risk. There is a saying in the community, "Not your keys, not your coins" meaning if you don't store your coins in a wallet that you control the keys to then you do not really own your bitcoin as you have to ask permission from the third party in order to move them.Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!2FA requires a second confirmation code or a physical security key to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.Avoid using your cell number for 2FA. Hackers have been using a technique called "SIM swapping" to impersonate users and steal bitcoin off exchanges.Google AuthAuthyOTP AuthandOTPAndroidAndroidN/AAndroidiOSiOSiOSN/APhysical security keys (FIDO U2F) offer stronger security than Google Auth / Authy and other TOTP-based apps, because the secret code never leaves the device and it uses bi-directional authentication so it prevents phishing. If you lose the device though, you could lose access to your account, so always use 2 or more security keys with a given account so you have backups. See Yubikey or Titan to purchase security keys.Both Coinbase and Gemini support physical security keys.Watch out for scamsAs mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the r / btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. As they say in our community, "Don't trust, verify".Avoid using ad-based search engines like Google or Yahoo: ads are shown based on how much the advertiser bids, and scammers can easily outbid legitimate providers for ad space, since immoral ways of earning money are far more lucrative than moral ways. Use DuckDuckGo instead, which has no ads, and never tracks you as well.Ignore private messages offering services.Never enter your seed words in a website of any kind. Hardware wallets will recover by displaying possible seed words on their own interface, never on a website.Always check addresses on your hardware wallet before sending or receiving. Some malware has been known to replace addresses in your web browser or that you copy-and-paste.Avoid clicking on links like that look like links, such as https://bit.ly/3mYaXko, without first hovering over it and actually checking where they go to. Just because a link is labelled with an HTTPS address does not mean it actually sends you to that address. It is trivial for someone to comment a link on Reddit that looks like it will send you to one website when it actually sends you to another, and you might not notice the difference until a scammer has gotten all your money, or you have downloaded and installed software that steals your money.Common Bitcoin MythsOften the same concerns arise about Bitcoin from newcomers. Questions such as:Is Bitcoin a Ponzi scheme?Will governments ban Bitcoin?Will quantum computers break Bitcoin?All of these questions have been answered many times by a variety of people. Here are some resources where you can see if your concern has been answered:Common Bitcoin MythsGradually, Then SuddenlyEvery Reason Bitcoin Will Not FailWhere can I spend bitcoin?Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card or Fold card. Some other useful site are listed below.StoreProductBitrefill, GyftGift cards for thousands of retailers worldwide including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.Spendabit, Overstock and The Bitcoin DirectoryRetail shopping with millions of resultsNewEgg and DellFor all your electronics needsPiixpay, Bitbill.eu, Bylls, Coins.ph, LivingRoomofSatoshi, Coinsfer, and moreBill paymentMenufy and TakeawayTakeout delivered to your doorExpedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flatsFor when you need to get awayCryptostorm, Mullvad, and PIAVPN servicesNamecheap, PorkbunDomain name registrationStampnikDiscounted USPS Priority, Express, First-Class mail postageCoinmap and AirBitz are helpful to find local businesses accepting bitcoin. A good resource for UK residents is at wheretospendbitcoins.co.uk.There are also lots of charities which accept bitcoin donations.Merchant ResourcesThere are several benefits to accepting bitcoin as a payment option if you are a merchant;1-3% savings over credit cards or PayPal.No chargebacks (final settlement in 10 minutes as opposed to 3+ months).Accept business from a global customer base.Increased privacy.Convert 100% of the sale to the currency of your choice for deposit to your account, or choose to keep a percentage of the sale in bitcoin if you wish to begin accumulating it.If you are interested in accepting bitcoin as a payment method, there are several options available;BTCPaySquare cashStripeWyreBlockonomics (direct to your wallet)Can I mine bitcoin?Mining bitcoin can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read the mining FAQ. Still have mining questions? The crew at /r/BitcoinMining would be happy to help you out.If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node. You can view the global node distribution for a visual representation of the node network.Earning bitcoinJust like any other form of money, you can also earn bitcoin by being paid to do a job.SiteDescriptionWorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /r/Jobs4Bitcoins, BitforTip, Rein ProjectFreelancingLolliEarn bitcoin when you shop online!OpenBazaar, Purse.io, Bitify, /r/BitmarketMarketplaces/r/GirlsGoneBitcoin NSFWAdult servicesA-ads, Coinzilla.ioAdvertisingYou can also earn bitcoin by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoin for a small fee (requires you to already have some bitcoin).Bitcoin-Related ProjectsThe following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.ProjectDescriptionLightning NetworkSecond layer scalingLiquid, Rootstock and DrivechainSidechainsHivemindPrediction marketsTierion and FactomRecords & Titles on the blockchainBitMarkets, DropZone, Beaver and Open BazaarDecentralized marketsJoinMarket and Wasabi WalletCoinJoin implementationDecentralized exhangesDecentralized bitcoin exchangesKeybaseIdentity & Reputation managementAbraGlobal P2P money transmitter networkBitcoreOpen source Bitcoin javascript libraryBitcoin UnitsOne Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:UnitSymbolValueInfobitcoinBTC1 bitcoinone bitcoin is equal to 100 million satoshismillibitcoinmBTC1,000 per bitcoinused as default unit in recent Electrum wallet releasesbitbit1,000,000 per bitcoincolloquial "slang" term for microbitcoin (μBTC)satoshisat100,000,000 per bitcoinsmallest unit in bitcoin, named after the inventorFor example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:0.001 BTC1 mBTC1,000 bits100k satsFor more information check out the Bitcoin units wiki.Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /r/Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.Welcome to the Bitcoin community and the new decentralized economy! via /r/Bitcoin https://bit.ly/3kAZIR3

I work in a world known and prestigious software company and yesterday we had a conversation with my colleagues around BTC. Level of their unawareness was unbelievable to me and I was thinking "We are still too early on Bitcoin!"

No text found via /r/Bitcoin https://bit.ly/2WGaATX

Fed goes brrrr; Bitcoin goes ...

https://bit.ly/3zVB9Tw via /r/Bitcoin https://bit.ly/3xal76o

We've been through a lot in recent months. Friendly reminder to withdraw your Bitcoin from the exchanges

There's been alot of ups-and-downs over the recent months, and you may have gotten comfortable with your Bitcoin sitting on exchanges, waiting for "something".This is a friendly reminder to withdraw your stack back to your hardware wallet.Not your wallet, not your coins!You don't want to be caught with your pants down if an exchange is hacked, or if government passes legislation banning Bitcoin and locks you from accessing your stack.Play it safe, gents! via /r/Bitcoin https://bit.ly/2V9fZlZ

The REAL reason why Buffett don't support Bitcoin

https://bit.ly/3lfWd2N

Submitted July 31, 2021 at 07:42PM by AdNational7013 https://bit.ly/2WGRo8D

Everyone right now

https://bit.ly/3xjEJVv

Submitted July 31, 2021 at 07:51AM by krobu https://bit.ly/2Voe24J

Friday 30 July 2021

Daily Discussion, July 31, 2021

We're entering what is technically called a Bull Clinton market - where everyone who is short gets FUCKED.

No text found

Submitted July 31, 2021 at 05:56AM by Karma_Circus https://bit.ly/3x9C7d3

10 Green Daily Candles In A Row. First Time In The History Of Bitcoin !!!

EDIT: 2nd time in the history of Bitcoin, I stand correctedThe 10th candle closed over 42k which has been a recognized area of resistance. Hodl on for dear life because this rocket ship isn't slowing down :) via /r/Bitcoin https://bit.ly/2WEoGoR

When Bitcoin Starts Pumping

https://bit.ly/3yeNzoU

Submitted July 31, 2021 at 07:49AM by Yung-Split https://bit.ly/3lcV5gv

Everyone right now

https://bit.ly/3xjEJVv via /r/Bitcoin https://bit.ly/2Voe24J

JUST IN – The University of Pennsylvania received a $5 million #Bitcoin donation earlier this year. It confirmed today it still holds $BTC.

No text found

Submitted July 30, 2021 at 09:52PM by Ok_Department_9565 https://bit.ly/2ViBsIT

When Bitcoin Starts Pumping

https://bit.ly/3yeNzoU via /r/Bitcoin https://bit.ly/3lcV5gv

This is why Bitcoin

I have been here over an hour. Asking permission to send my fiat.

This is why Bitcoin.

Submitted July 31, 2021 at 12:30AM by Adamsd5 https://bit.ly/2UXTUqF

We're entering what is technically called a Bull Clinton market - where everyone who is short gets FUCKED.

No text found via /r/Bitcoin https://bit.ly/3x9C7d3

We have liftoff 🚀🚀🚀

As it says on the tin 🚀🚀🚀

Submitted July 31, 2021 at 04:53AM by June2017noob https://bit.ly/3BVTIIW

Germany to allow Institutional Funds to hold up to 20% in #Bitcoin - Bloomberg (LAW COMES INTO EFFECT NEXT WEEK)

Friendly Reminder, the law comes into effect week, seems it was delayed initially.Germany grants institutional funds the ability to invest in crypto | Financial Times (ft.com) via /r/Bitcoin https://bit.ly/2VaEaAp

$41b Hedge Fund GoldenTree has added Bitcoin to its balance sheet

GoldenTree Hedge Fund Buying Bitcoin - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides via /r/Bitcoin https://bit.ly/3BW1T86

I yolod my life into Bitcoin this morning.

Previously I had been putting 10% of my paycheck into Bitcoin. I had about USD4500 Invested, and am currently down about 1500. Not great.

Over the past week I've seen all sorts of stuff regarding moons and rockets. Each day, whether listening to the radio in the car, or seeing a billboard, or walking outside, I even saw a Tesla with a license plate that read "MUN·RKT". I feel like this is a sign. So, I dumped all 12,000 of my savings into btc. I have until the 15th to get out while I still can as I'm going to bootcamp for 3.5 months for the us military.

Edit: changed "3,000 return" to "down 1500"

Submitted July 30, 2021 at 10:45PM by applesheep4 https://bit.ly/3fgwKCz

We have liftoff 🚀🚀🚀

As it says on the tin 🚀🚀🚀 via /r/Bitcoin https://bit.ly/3BVTIIW

It would take between 500–1,000 years for Bitcoin’s energy use to even approach the level of damage that the printing of fiat money did, during the 2008 financial crisis.

https://bit.ly/3j9HaVX

Submitted July 31, 2021 at 12:05AM by Ayushlimbad https://bit.ly/3j7JIUi

This is why Bitcoin

So here I sit, in my local bank branch. I wait as they call into... something. My wire transfer sits in limbo until they can get through on the phone and confirm something. My identity? The fact that I am not committing fraud? Not sure.I have been here over an hour. Asking permission to send my fiat.This is why Bitcoin. via /r/Bitcoin https://bit.ly/2UXTUqF

I yolod my life into Bitcoin this morning.

Previously I had been putting 10% of my paycheck into Bitcoin. I had about USD4500 Invested, and a current return of only 3,000. Not great.Over the past week I've seen all sorts of stuff regarding moons and rockets. Each day, whether listening to the radio in the car, or seeing a billboard, or walking outside, I even saw a Tesla with a license plate that read "MUN·RKT". I feel like this is a sign. So, I dumped all 12,000 of my savings into btc. I have until the 15th to get out while I still can as I'm going to bootcamp for 3.5 months for the us military. via /r/Bitcoin https://bit.ly/3fgwKCz

It would take between 500–1,000 years for Bitcoin’s energy use to even approach the level of damage that the printing of fiat money did, during the 2008 financial crisis.

https://bit.ly/3j9HaVX via /r/Bitcoin https://bit.ly/3j7JIUi

500,000 #Bitcoin mining machines could move to Paraguay to make use of the country’s hydro-electricity surplus.

6,000 MW of energy supply used for #Bitcoin📷 mining were turned off in China. Paraguay has an energy surplus of 5,500 MW from Yacyretá and Itaipú hydro-electricity dams - among the largest in the world.

More: https://en.mercopress.com/2021/07/30/chinese-investors-eye-paraguay-for-bitcoin-production

Submitted July 30, 2021 at 08:01PM by Ok_Department_9565 https://bit.ly/2V8Qf9f

JUST IN – The University of Pennsylvania received a $5 million #Bitcoin donation earlier this year. It confirmed today it still holds $BTC.

No text found via /r/Bitcoin https://bit.ly/2ViBsIT

What is you biggest fear around Bitcoin?

I go first. Banned world wide and prosecution.

Submitted July 30, 2021 at 03:58PM by RodolfoPozo https://bit.ly/3ya4qJw

Today, the US Senate will vote on a must-pass infrastructure bill that contains a cryptocurrency provision that would dramatically expand surveillance of the crypto-economy. Call Senators Sinema and Portman at 517-200-9518 and tell them to drop the cryptocurrency provision.

In the 11th hour, the Senate has snuck in an infrastructure bill provision that would dramatically expand financial surveillance of the crypto-economy. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills.

As lead negotiators for their respective parties, it is critical that we strongly urge Senator Kyrsten Sinema and Senator Rob Portman to remove this vastly overreaching provision from the infrastructure bill as soon as possible. The Senate votes on this tomorrow, so we have to move fast!

The most important thing you can do is to call their DC offices at 517-200-9518. We'll connect you to their offices and guide you through the process.

When a staff member answers, tell them:

“Hi, I’m calling to ask that you remove the cryptocurrency provision from the infrastructure bill. This provision would dramatically expand financial surveillance, harm innovation, and undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”

Edit: This is not about taxes! This provision would force a vast number entities in the crypto-economy to start recording and reporting information like your name, address, and the public address of a given transaction. That way, from one transaction, they can unmask you, and track and monitor all of your cryptocurrency activity. These details would facilitate mass financial surveillance that is totally overreaching and unacceptable.

Submitted July 30, 2021 at 10:29PM by fightforthefuture https://bit.ly/37ahZwU

Thursday 29 July 2021

The US government has seized and sold $7.2 billion worth of #Bitcoin since 2014. BuT bItCoIn HaS nO vAlUe :)

The US government has seized and sold $7.2 billion worth of #Bitcoin📷 since 2014. BuT bItCoIn HaS nO vAlUe via /r/Bitcoin https://bit.ly/3C6qZRU

Daily Discussion, July 30, 2021

Michael Saylor confirms that MicroStrategy will continue to acquire bitcoin moving forward. This is the least surprising news of the day.

Business intelligence company MicroStrategy will continue investing in its “digital asset strategy,” the company’s CEO Michael Saylor said in its Q2 earnings announcement Thursday.

Saylor noted that the Tysons Corner, Va.-based company’s latest funding had allowed the firm to increase its digital holdings to more than 105,000 bitcoins.
“We continue to be pleased by the results of the implementation of our digital asset strategy,” he said, adding that “going forward, we intend to continue to deploy additional capital into our digital asset strategy.”
The software firm has been purchasing enormous amounts of bitcoin since last August that it keeps in its treasury reserve.
The non-GAAP (generally accepted accounting principles) calculation of the market value of MicroStrategy’s current bitcoin holdings as of June 30 was $3.653 billion, reflecting bitcoin’s market price of $34,763 at the time. The non-GAAP digital asset cost basis was $2.741 billion or $26,080 per bitcoin.
MicroStrategy reported $125.4 million in revenue for the quarter, a 13.4% increase over its performance for the same period a year ago.
Shares of MicroStrategy were down 2.2% to $611.48 in after-hours trading Thursday following the release of its results.

https://finance.yahoo.com/news/microstrategy-plans-continue-amassing-bitcoin-215606300.html

Submitted July 30, 2021 at 06:58AM by Ok_Department_9565 https://bit.ly/3lfrGlJ

Banks Actively Fund Coal, Oil and Gas In Excess; Bitcoin Actively Creates Incentives For Renewables

https://bit.ly/3j0O2of

Submitted July 30, 2021 at 04:52AM by scaryredditrando https://bit.ly/37cpVxz

Bitcoin has closed green for 9 days in a row, longest streak since the date of October 30th 2015!

https://www.tradingview.com/x/pfL12KvS/

Results may vary depending on which exchange's data you are using, some have not closed green today

Submitted July 30, 2021 at 08:06AM by SirSkittles111 https://bit.ly/3xe0ypq

💚9 GREEN DAYS 💚

Let's make it 10!and finish at $42.069We'll make history! via /r/Bitcoin https://bit.ly/3iaLjcI

Michael Saylor confirms that MicroStrategy will continue to acquire bitcoin moving forward. This is the least surprising news of the day.

Business intelligence company MicroStrategy will continue investing in its “digital asset strategy,” the company’s CEO Michael Saylor said in its Q2 earnings announcement Thursday.Saylor noted that the Tysons Corner, Va.-based company’s latest funding had allowed the firm to increase its digital holdings to more than 105,000 bitcoins.“We continue to be pleased by the results of the implementation of our digital asset strategy,” he said, adding that “going forward, we intend to continue to deploy additional capital into our digital asset strategy.”The software firm has been purchasing enormous amounts of bitcoin since last August that it keeps in its treasury reserve.The non-GAAP (generally accepted accounting principles) calculation of the market value of MicroStrategy’s current bitcoin holdings as of June 30 was $3.653 billion, reflecting bitcoin’s market price of $34,763 at the time. The non-GAAP digital asset cost basis was $2.741 billion or $26,080 per bitcoin.MicroStrategy reported $125.4 million in revenue for the quarter, a 13.4% increase over its performance for the same period a year ago.Shares of MicroStrategy were down 2.2% to $611.48 in after-hours trading Thursday following the release of its results.https://yhoo.it/3fawYeG via /r/Bitcoin https://bit.ly/3lfrGlJ

Bitcoin has closed green for 9 days in a row, longest streak since the date of October 30th 2015!

https://bit.ly/3BUZ9aV may vary depending on which exchange's data you are using, some have not closed green today via /r/Bitcoin https://bit.ly/3xe0ypq

How Grayscale could affect Bitcoin's price in the coming days

https://bit.ly/3zN9MuI

Submitted July 29, 2021 at 08:15PM by blockgraze https://bit.ly/2V2n8Vc

Bitcoin is Real Money...it's actually more money than most fiat currencies that are in the market

Whenever I get into a discussion about bitcoin and cryptocurrency with ardent fiat supporters the first thing they point out is how bitcoin is not "real money".

Given it does have a few limitations but if we look at the characteristics of real money, Bitcoin fairs pretty well, as a matter of fact, better than most fiat currencies.

Here's why:

Scarcity: A limited supply of a currency gives it value. Bitcoin’s supply is limited to 21 million while fiat has no cap.

Divisibility: Dividing any currency into smaller denominations is important for its economic use. Bitcoin and fiat both possess this quality.

Transportability: The ability to easily send and receive money is an important factor in a currency’s practical application. Contrary to fiat currencies, bitcoin can be sent anywhere and to anyone in the world in a matter of minutes (for a fee).

Durability/Security: A currency needs to be strong enough to withstand any loss of value. Thankfully bitcoin used blockchain technology to operate which is much stronger than any fiat currency that ever existed.

Acceptability: For any currency to be useful it should be accepted by the people. This should not be a problem for bitcoin thanks to its ~100 million and growing users worldwide.

Uniformity: Currency needs to stay the same despite where it is used and for what purposes, this increases trust and recognition for the currency. This cannot be more true for bitcoin as it is a digital currency, which means it is the same everywhere no matter who is using it.

Source: Blockonomics - Top 8 Bitcoin Myths Debunked

Submitted July 30, 2021 at 12:01AM by primalfabric https://bit.ly/3xfod9b

The best advert for Bitcoin

https://bit.ly/3fdkUsT

Submitted July 30, 2021 at 05:12AM by Amber_Sam https://bit.ly/3zK2h7I

Banks Actively Fund Coal, Oil and Gas In Excess; Bitcoin Actively Creates Incentives For Renewables

https://bit.ly/3j0O2of via /r/Bitcoin https://bit.ly/37cpVxz

The best advert for Bitcoin

https://bit.ly/3fdkUsT via /r/Bitcoin https://bit.ly/3zK2h7I

No excuses left for not using lightning.

I just installed the Phoenix lighting wallet (non custodial). In minutes you are up and running, install, write down seed, enable screen lock, ready.Create a deposit adress in your Phoenix wallet, go to your normal Bitcoin wallet send the starting amount, > 10k Satoshi to open a lighting channel, done.With current network load 4s/b is enough to be included in next block.Watch your deposit come in and confirmed in Phoenix and you can use it.Just deposited 10k sat in the tipbot fast and easy.Explained it to my daughter and installed one on her phone, made a first deposit to open a channel and she can use it. via /r/Bitcoin https://bit.ly/3faSW17

Just finished The Bitcoin Standard

However, I couldn't help but notice that he often proposes very contentious arguments like they are fact. His persistent critique of Keynes and his link between the "decline in culture" we have been seeing and the adoption of unsound money sure feels right in the context of the book, but I think they might be a bit of a stretch.

Does anyone feel the same way or have resources that contradict some of his points? I'd love to atleast see the other side of the medal before rejecting it altogether.

Submitted July 29, 2021 at 11:10PM by krikite https://bit.ly/3faxMQz

Largest #Bitcoin net outflow from exchanges yesterday since 2016!

https://twitter.com/btc_archive/status/1420684529921048586?s=21 via /r/Bitcoin https://bit.ly/3zMeBEw

Has anyone tried allocating a small percentage of a self directed IRA into bitcoin? Like to hold for 40 years?

Has anyone ever tried using a self directed IRA to store bitcoins in? You get all the benefits of a Roth IRa, like the gains are tax free and i want to hold Bitcoin for 30+ years anyway, is this a good idea? has anyone tried this?

Submitted July 29, 2021 at 09:22PM by rhormazar https://bit.ly/3iXFUFi

Just finished The Bitcoin Standard

The progression that happens throughout the book, starting by exposing problems with past and current forms of money and then showing how Bitcoin solves all of these problems was very well done and honestly impressive. My trust and understanding in Bitcoin and cryptocurrency in general has increase tenfold.However, I couldn't help but notice that he often proposes very contentious arguments like they are fact. His persistent critique of Keynes and his link between the "decline in culture" we have been seeing and the adoption of unsound money sure feels right in the context of the book, but I think they might be a bit of a stretch.Does anyone feel the same way or have resources that contradict some of his points? I'd love to atleast see the other side of the medal before rejecting it altogether. via /r/Bitcoin https://bit.ly/3faxMQz

Bitcoin is Real Money...it's actually more money than most fiat currencies that are in the market

Whenever I get into a discussion about bitcoin and cryptocurrency with ardent fiat supporters the first thing they point out is how bitcoin is not "real money".Given it does have a few limitations but if we look at the characteristics of real money, Bitcoin fairs pretty well, as a matter of fact, better than most fiat currencies.Here's why:Scarcity: A limited supply of a currency gives it value. Bitcoin’s supply is limited to 21 million while fiat has no cap.Divisibility: Dividing any currency into smaller denominations is important for its economic use. Bitcoin and fiat both possess this quality.Transportability: The ability to easily send and receive money is an important factor in a currency’s practical application. Contrary to fiat currencies, bitcoin can be sent anywhere and to anyone in the world in a matter of minutes (for a fee).Durability/Security: A currency needs to be strong enough to withstand any loss of value. Thankfully bitcoin used blockchain technology to operate which is much stronger than any fiat currency that ever existed.Acceptability: For any currency to be useful it should be accepted by the people. This should not be a problem for bitcoin thanks to its ~100 million and growing users worldwide.Uniformity: Currency needs to stay the same despite where it is used and for what purposes, this increases trust and recognition for the currency. This cannot be more true for bitcoin as it is a digital currency, which means it is the same everywhere no matter who is using it.Source: Blockonomics - Top 8 Bitcoin Myths Debunked via /r/Bitcoin https://bit.ly/3xfod9b

A house today or being one of the top million in the next decade?

21 bitcoin could buy you a house today. It can also make you one of the top one million bitcoin holders globally, which will definitely be a thing within a decade. Choose wisely.

Submitted July 29, 2021 at 07:42PM by mrginopalacca https://bit.ly/3l5VxNz

Daily Discussion, July 29, 2021

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 29, 2021 at 01:06PM by rBitcoinMod https://bit.ly/3l40TsF

Michael Saylor: "Bitcoin will last 3950 years"

https://bit.ly/3fbzh0N

Submitted July 29, 2021 at 12:28AM by impeneau https://bit.ly/3l9t9tZ

A house today or being one of the top million in the next decade?

21 bitcoin could buy you a house today. It can also make you one of the top one million bitcoin holders globally, which will definitely be a thing within a decade. Choose wisely. via /r/Bitcoin https://bit.ly/3l5VxNz

Mike Novogratz is very dissapointed by Baby Boomer Senator Elizabeth Warren

https://youtube.com/watch?v=PTAAfTqHbMw&feature=share via /r/Bitcoin https://bit.ly/3f84Rg4

Up to $40,000 again!

https://bit.ly/376STPf

Submitted July 29, 2021 at 01:55PM by JRFX_Official https://bit.ly/3f7zxy6

Up to $40,000 again!

https://bit.ly/376STPf via /r/Bitcoin https://bit.ly/3f7zxy6

How the past few months in crypto land have felt, as told by The Emperor's New Groove

https://bit.ly/2V3LkX7

Submitted July 28, 2021 at 04:35PM by HughPhem1sm https://bit.ly/2TFSmRg

8 green daily candles in a row!

The bull run has resumed. That is all.

Submitted July 29, 2021 at 08:01AM by goodbyesuzy https://bit.ly/2V3oxuu

Paid for my Dinner using the lightning network

So I decided to try out the lightning network today.

There’s a website called ln.pizza that allows you to purchase dominoes using the lightning network.

In seconds I was able to place my order and pay for my 2 pizzas ($12 including fees or about 30,000 sats)

Then I get a link to track my order, click it, opens the dominos app showing the tracker.

My order will be ready in 10 minutes…

Amazing.

Submitted July 29, 2021 at 06:06AM by ATL_LAX https://bit.ly/2VfpnUP

Wednesday 28 July 2021

Elizabeth Warren is a key part of the Legacy Financial system.

Elizabeth Warren and others who are not truly against the banking system are clearly being exposed as frauds who's purpose is clear by now (to any rational mind). Her role is to speak in the voice of dissent and outrage while going along with the program.

The shit bag was supposed to represent the people who these banks have destroyed: Representatives like her are a persistent but inept part that placates to the masses... only telling them what they want to hear.

But of course she is the perfect voice for financial institution to use at this moment to attack a real threat to those institutions... and make no mistake about it bitcoin is a real threat to an outdated dysfunctional Financial system but it's not a threat to the people who want access to financial sovereignty.

I wonder how long the real people in charge debated before they arrived at some idiot like Elizabeth Warren as the perfect mouthpiece...

Submitted July 29, 2021 at 09:43AM by MGTOW_and_Bitcoin https://bit.ly/3C1C6vt

The Crypto Millions Lotto operates solely in Bitcoin, and allows players to participate in a number of international lotteries—and is available from 180 countries.

https://bit.ly/3l9f3bJ via /r/Bitcoin https://bit.ly/3iWUNaF

Daily Discussion, July 29, 2021

I will never sell a single coin, am i doing this wrong?

I Bought at 31k and Not planning to sell even if it goes 0.... Is this the right strategy? lol

Submitted July 29, 2021 at 01:08AM by SignalX_Cyber https://bit.ly/3lbUSdl

8 green daily candles in a row!

The bull run has resumed. That is all. via /r/Bitcoin https://bit.ly/2V3oxuu

Elizabeth Warren is a key part of the Legacy Financial system.

Every fixed and entrenched Institution requires elements that pretend to be antagonistic to the institutions goals... without disrupting those institutions or their goals... the most fundamental goal of every institution is self-perpetuation.Elizabeth Warren and others who are not truly against the banking system are clearly being exposed as frauds who's purpose is clear by now (to any rational mind). Her role is to speak in the voice of dissent and outrage while going along with the program.The shit bag was supposed to represent the people who these banks have destroyed: Representatives like her are a persistent but inept part that placates to the masses... only telling them what they want to hear.But of course she is the perfect voice for financial institution to use at this moment to attack a real threat to those institutions... and make no mistake about it bitcoin is a real threat to an outdated dysfunctional Financial system but it's not a threat to the people who want access to financial sovereignty.I wonder how long the real people in charge debated before they arrived at some idiot like Elizabeth Warren as the perfect mouthpiece... via /r/Bitcoin https://bit.ly/3C1C6vt

Daily Discussion, July 28, 2021

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.

Submitted July 28, 2021 at 01:10PM by rBitcoinMod https://bit.ly/2VhXcEU

Paid for my Dinner using the lightning network

So I decided to try out the lightning network today.There’s a website called ln.pizza that allows you to purchase dominoes using the lightning network.In seconds I was able to place my order and pay for my 2 pizzas ($12 including fees or about 30,000 sats)Then I get a link to track my order, click it, opens the dominos app showing the tracker.My order will be ready in 10 minutes…Amazing. via /r/Bitcoin https://bit.ly/2VfpnUP

Why Bitcoin is really a “threat”:

I think what we are seeing is that Gov is grabbing on to control. They realize that the internet and now BTC, has allowed for average people to liberate themselves from their control. This causes an overreaction to institute MORE control. Which causes people - especially Americans in which FREEDOM has been engrained in our mindset - to resist against this control measure. I find no use in “government”. This does not mean we don’t have governance - just not an anointed group to tell us how to live.

Submitted July 28, 2021 at 09:29PM by EtTuBrute31544 https://bit.ly/3l7hGuE

7 days in the green - new ATH soon?

After my analysis everytime BTC was in the green for more than 7 days we were followed by a new ATH 1-2 weeks afterwards.

Could this be the case again and are we going to see a 65.000$+ price already by next month?This would mean a +62,5% increase if you'd start investing at 40.000$/BTC.

I'm definitely thrilled and can't wait to see the outcome.

Until then:DCA and keep on HODLing!

Submitted July 28, 2021 at 07:15AM by ThunderTM https://bit.ly/3icnlhs

BREAKING: Catholic Church now accepting Bitcoin - Catholic Archdiocese Of Miami To Accept Bitcoin

https://bit.ly/3C0NiIL

Submitted July 29, 2021 at 02:19AM by Amber_Sam https://bit.ly/3BP9aXl

BREAKING: Catholic Church now accepting Bitcoin - Catholic Archdiocese Of Miami To Accept Bitcoin

https://bit.ly/3C0NiIL via /r/Bitcoin https://bit.ly/3BP9aXl

Visa CEO says crypto is an “engine of new growth “ for the company

https://twitter.com/Kr00ney/status/1420140437629665281?s=20

Submitted July 28, 2021 at 08:03PM by randalert https://bit.ly/3l4ZhyF

Why Bitcoin is really a “threat”:

I'm an 8th grade science teacher. For our first day, we get 30 mins to teach whatever lesson we want, specifically something not in our curriculum. I want to teach my students what Bitcoin is.

Title says it! I'm pretty excited for that actually. Does anyone know of a powerpoint of slide deck that has already been created somewhere I could use and/or modify? I'd like it to be not too technical, but serve as a foundation to understanding money better.

Anyone have any resources you think are good?

By the way: I'm asking here using this community as a resource. Of course I Googled Bitcoin lessons, and of course I could make my own. I'd really like to see some of what's already out there!

edit:typo

Submitted July 28, 2021 at 10:22PM by Br0sefStalin https://bit.ly/3i97i3E