Bitcoin On Air: March 2022

Thursday, 31 March 2022

JPMorgan admits its SEC filing that its being disrupted by Strke & Bitcoin

https://bit.ly/3LtaxPt via /r/Bitcoin https://bit.ly/38mEBy5

Mods dropped the ball regarding this last anti-privacy anti-selfhosted wallets EU vote...

They failed to bring attention to it, to make it visible as we suggested by sticky/pinning a discussion post/thread so we can get organized and take effective action.Like on the last vote (where we took massive action contacting the MP's) regarding the POW proposed ban, the votes were very evenly divided.On the POW ban, that failed to pass by a small margin. On today's vote regarding the crack down on unhosted wallets and privacy, it passed by a thin margin because we didn't take action like last time.Please read the related threads (like Patrick Hansen, Unstoppable Finance, Coinbase, etc. on Twitter), there's still time to make a difference in subsequent steps before the law is finalized and enacted.We need to come together in these crucial votes to tip the balance towards privacy, independence, liberty, justice, freedom. If we do nothing, tyranny and centralization of power will keep growing. via /r/Bitcoin https://bit.ly/3tVyetP

Unfortunately, the EP committees have voted in favor of the TFR passages that crack down on indiv. privacy & wallets. Here is the official overview of who voted

https://bit.ly/3IXVKue

Submitted March 31, 2022 at 11:31PM by Bitcoin__Hodler https://bit.ly/3K0UjNg

.

https://bit.ly/3LsaqUc via /r/Bitcoin https://bit.ly/3IVKONU

An unpopular truth; even someone who got into bitcoin in 2013 is not yet rich.

In 2010/2011 the only people involved with btc were essentially hackers and coders and most played around with tens of thousands of btc thinking one bitcoin being worth $100 was an impossibility. Most of these people have relatively little to show for their early involvement, however a lot still became seriously wealthy.

2013 may have been the first year bitcoins longevity and potential was truly recognised widely as its awareness spread further into the sound money gold bug libertarian space. But even then putting $10,000 into bitcoin was a huge risk, the collapse of mt.gox showcasing how quickly money and market value could dissappear.

Someone in 2013 who was young enough to see bitcoins potential may have had a spare $1000 that they were comfortable to risk for the long term knowing a 100% loss was possible. If they bought the 2013 low at $100 that would have equated to ten btc.

Ten btc today is only worth $500,000. Not even enough to retire on let alone ball out on private jets. So the average long term OG bitcoin hodler that got in during 2013 is not yet even a millionaire.

There are some early 2011 whales with thousands of btc and a bunch of altcoin scammers that have accumulated thousands of btc, but the average OG hodler from 2013 is not even a fiat dollar millionaire yet.

2013 OGs will one day be considered whales but not yet, this is how early we are still. By 2030 ten btc will be considered an insane amount of bitcoin for one person to own, people with one btc will be considered wealthy, and the average person will manage to get their hands on just 0.0026 btc.

Submitted March 31, 2022 at 06:41PM by slvbtc https://bit.ly/35rMnpb

Unfortunately, the EP committees have voted in favor of the TFR passages that crack down on indiv. privacy & wallets. Here is the official overview of who voted

https://bit.ly/3IXVKue via /r/Bitcoin https://bit.ly/3K0UjNg

Bad News for "Self-hosted" wallets in the EU. Not your keys not your Bitcoin has just been made more difficult in the EU.

https://twitter.com/paddi_hansen/status/1509536318585454597

Submitted March 31, 2022 at 10:23PM by ESGombrich https://bit.ly/374Sv71

Kraken integrated the LN! Their customers can now instantly deposit and withdraw bitcoin with nearly no fees through the Lightning Network.

https://bit.ly/3wOLbYd via /r/Bitcoin https://bit.ly/3wTjqO0

Wednesday, 30 March 2022

Apple Rumored to Be Partnering With Strike for Bitcoin Lightning Payments

https://bit.ly/3iShZr7 via /r/Bitcoin https://bit.ly/3IUqRHk

Proof-of-work is under attack. This video shows the merits of PoW compared to PoS.

https://youtu.be/VfEnzaHAT-g via /r/Bitcoin https://bit.ly/3qOPLSu

Bitcoin is always bothering me

https://bit.ly/3uGadGf via /r/Bitcoin https://bit.ly/3IUqRai

In this case, there is only on way out left!

https://bit.ly/38eG0Xk via /r/Bitcoin https://bit.ly/36BjhV1

Crucial EU vote this thurday! Follow this guy to stay updated.

https://twitter.com/paddi_hansen/status/1508895711655612426?s=20&t=2bnYdzR2C6O7c26uiNOygA via /r/Bitcoin https://bit.ly/3iM886b

#cleanupbitcoin and #changethecode is a misdirection: they don't want to change the code, just ban POW through PR and legislation.

https://cleanupbitcoin.com/ is not about using the consensus mechanisms to takeover Bitcoin from the inside. That was tried in 2017 and failed. This is part of a PR campaign to lay the groundwork to make POW illegal through legislation. We are facing a different threat here. Read on:

Look at the POW moratorium law proposed in NY, where 20% of mining in the US takes place. Or their failed attempt to outlaw it in the EU. More will come, because there is a playbook that has been set in motion: all of them use climate and the environment as justification.

If they are successful at passing laws banning POW, by extension supporting POW with your home nodes can easily also become a punishable violation. Sure, this would not kill Bitcoin, but it might share a similar fate than file sharing on the internet.

Napster was #1 until it got shut down. That certainly didn't stop file sharing: people still torrent today. But it's costly, cumbersome, and illegal. Even though it lives on, it has limited power, and can't counter the forces of centralization, censorship and surveillance.

The point is: they don't have to kill Bitcoin to succeed. By outlawing POW, their aim is to neutralize #Bitcoin by making it fringe enough that it will be irrelevant, just like torrenting. This is not their first rodeo.

If POW is banned in the US and the EU, then it is banned across the western world. The empire might be crumbling, but it still stands, and it's reach is still global. With China already banning POW, this might be a dangerous scenario we want to a avoid at all costs.

I don't believe this will work. But I see a lot of people mocking and disregarding this attack on Bitcoin. We must be more careful. P2P networks offer some protection, but not immunity against a concerted effort between the banking, media and government sectors. Vigilance.

Submitted March 30, 2022 at 12:39PM by BTC_Commons https://bit.ly/3qOZ3Oh

Understanding Bitcoin energy use

https://bit.ly/3IWmpaN

Submitted March 30, 2022 at 12:22PM by simplelifestyle https://bit.ly/35nNh67

Tuesday, 29 March 2022

lmao

https://bit.ly/3iLc5bm

Submitted March 29, 2022 at 10:42PM by coinceano https://bit.ly/3DnsVGo

Proof of Keys - used bank deposit box keys and fobs on wood

https://bit.ly/3IO9Le7 via /r/Bitcoin https://bit.ly/3IRh30u

BREAKING: Vietnam Government Is Creating A Framework To Legalize Bitcoin And Crypto

https://bit.ly/35kDWvH

Submitted March 29, 2022 at 04:11PM by AnnieTony https://bit.ly/3NtVjLI

Mass adoption. Gradually, then suddenly.

https://bit.ly/3IOJZ9u via /r/Bitcoin https://bit.ly/3uFTiDN

Would you spend $100 a year in BTC with real-world BTC-friendly merchants to stimulate the parallel economy and get Bitcoin to $100K?

https://bit.ly/3iMZfJo

Submitted March 29, 2022 at 09:13PM by jroseland https://bit.ly/3JROWQm

lmao

https://bit.ly/3iLc5bm via /r/Bitcoin https://bit.ly/3DnsVGo

EU might BAN self-hosted wallets if this vote passes.

https://bit.ly/36WMPMh tweet here twitter.com/Europarl_EN or send an e-mail to one of your country's MEPs. If this vote passes, all self-hosted wallets will be in extreme danger. via /r/Bitcoin https://bit.ly/3Nr3Zml

Monday, 28 March 2022

"Canadians should have the freedom to use other money, such as bitcoin." - Canada candidate for Prime Minister

https://bit.ly/3DgxbYm via /r/Bitcoin https://bit.ly/3qKABh7

$100 Dollars Worth of Gold & Bitcoin as of March 15, 2022.

This is a little project i am working on. I purchased $100 worth of gold and $100 worth of Bitcoin on March 15th 2022 and I plan to track the data until myself or bitcoin is dead. I personally believe bitcoin will be around long after i'm dead. The gold nugget is 1.61 grams and is equal to $100 as of March 15th, 2022 as well as the purchase of 240,313 satoshis also equal to $100. I then transferred the sats to an opendime that I initialized using a photo of myself holding pictures of Jerome Powell and Peter Schiff to generate the wallet address. The transaction confirmed in block 727525 (link).

I have some basic experience with framing and tried my hand at my own shadow box to float everything in. I found someone on etsy to carve me a trophy plaque for $7 and put everything together. The gold and opendime are mounted and floated on the heads of brad nails and mounted with a small bead of hot glue for each. They are secure enough to just sit on a desk or hang but not damage the items. I then pushed the nails through a piece of foam core that I mounted black felt to and added the plaque below with double stick tape.

I plan on tracking the data in google sheets and having a simple line graph mapping out the data points taken on the 15th of each month. I have a Twitter profile that i will use to post the data as this project goes on. follow me at: @ 100dollarsworth

I can also post updates to this reddit post once a month if anyone prefers to remindmebot.

Submitted March 28, 2022 at 08:29AM by shetoeshe https://bit.ly/3JNSoLH

me right now.

https://bit.ly/3tLJFnD

Submitted March 28, 2022 at 11:08AM by Humble_litit88 https://bit.ly/3wKq0Xl

Circa 2017 - price was $1100 - they are still hodling

https://bit.ly/3iOZLGJ via /r/Bitcoin https://bit.ly/3qIL1Oe

where is he????

https://bit.ly/388fJtH via /r/Bitcoin https://bit.ly/3uyxOsf

I just had to

https://bit.ly/36PBNbO

Submitted March 28, 2022 at 02:02PM by gen66 https://bit.ly/3JLCgun

Storm against EU regulation against self hostet wallets

https://bit.ly/3DjIOhh via /r/Bitcoin https://bit.ly/3IG766h

Sunday, 27 March 2022

Exxon is mining bitcoin in North Dakota as part of its plan to slash emissions

https://cnb.cx/3LhY3tL

Submitted March 27, 2022 at 07:40AM by fplfreakaaro https://bit.ly/3LhY3Kh

His thoughts are always on the money.

https://youtu.be/t1WnU1-DKC4

Submitted March 27, 2022 at 02:57PM by Scary_Alternative448 https://bit.ly/35dTAcc

should I swap my eth for btc?

I own some eth, but I really only believe in bitcoin long term. should i swap it now? I hate the fees...moving it around is a nightmare. via /r/Bitcoin https://bit.ly/3LkopeC

Caught this in The Simpsons intro (S26; E1) & thought “I know who’ll appreciate this.”

https://bit.ly/3Dfmp4u via /r/Bitcoin https://bit.ly/3IWOuz7

Improving my seed phrase storage

https://bit.ly/3IHxZGH

Submitted March 27, 2022 at 11:57PM by CodeOfTheProgrammer https://bit.ly/387aqL5

Improving my seed phrase storage

https://bit.ly/3IHxZGH via /r/Bitcoin https://bit.ly/387aqL5

Saturday, 26 March 2022

Just a reminder: If Bitcoin is widely adopted, we're all going to die, this is not a joke' 🤣

https://bit.ly/3JM7H7B via /r/Bitcoin https://bit.ly/3Lg8BcW

Turks turn to Bitcoin following hyper-inflation of Turkish Lira

https://bit.ly/3IMOfpT

Submitted March 26, 2022 at 10:17PM by n8ivblu https://bit.ly/3JLdnPf

EU Parliament ECON 🤡 committee to vote on Thursday to crackdown on use of “unhosted wallets” (private keys?). Unlike the POW ban, this proposal by the Green parties has support in the EU Parliament and Council

https://twitter.com/paddi_hansen/status/1507741879563132928?s=21&t=RsYBPpnc5LWXBR0hrdJCng via /r/Bitcoin https://bit.ly/3wK6rya

Bitcoin is Beauty

https://bit.ly/3iGiLqU via /r/Bitcoin https://bit.ly/3JIEF8R

I made this Gus Fring meme for Bitcoin.

https://bit.ly/3LjaKEE

Submitted March 26, 2022 at 07:33PM by 7yod https://bit.ly/3IBzEO8

White House asking for options on crypto assets energy consumption. Make your voice heard let them know this is a clean energy problem, not a new issue just because of POW.

https://bit.ly/3IIQmuQ via /r/Bitcoin https://bit.ly/36OK4fY

Since the Ukrainian-Russian War, the number of addresses holding 1,000~10,000 BTC has increased by 8.3% to 2,203

Learn more👉 Bitcoin Rich Address List

Submitted March 26, 2022 at 09:52AM by serunomismo https://bit.ly/3IGczK8

Turks turn to Bitcoin following hyper-inflation of Turkish Lira

https://bit.ly/3IMOfpT via /r/Bitcoin https://bit.ly/3JLdnPf

Friday, 25 March 2022

Bitcoin is financial freedom. First and foremost.

https://bit.ly/3qB3nRh via /r/Bitcoin https://bit.ly/3iAwWhd

SEC: Bitcoin Spot ETF not OK but Chinese stocks are fine

I'm not a finance specialist so there's probably something I'm missing here.. But can someone explain to me why the SEC blocks any Bitcoin Spot ETF project, because of possible "fraudulent and manipulative acts" while at the same time accepting Chinese stocks to be listed. And everybody knows that there's flagrant lack of accounting transparency of Chinese firms... I'm really confused by these double standards. via /r/Bitcoin https://bit.ly/3Dbygk8

BlackRock CEO, who once labelled Bitcoin an ‘index of money laundering’, is changing his tune on crypto

Fink, who famously called the world’s best known cryptocurrency an “index of money laundering” five years ago, attributed his evolving stance to the Ukraine war.

The conflict has become a catalyst prompting governments around the world to re-evaluate their currency dependencies in view of the crippling sanctions imposed by western allies on Russia, sanctions that only have teeth due to linkages in the global financial system.

By comparison, crypto—and decentralized finance more broadly—are designed with the purpose of circumventing traditional gatekeepers like governments and centrall banks that impinge on financial freedom.

SOURCE : https://fortune.com/2022/03/24/blackrock-cryptocurrency-larry-fink-letter-shareholders-ceo/

Submitted March 25, 2022 at 08:48AM by E-D-I-T-H-3000 https://bit.ly/3IIwp7A

Finance Minister of India basically admits the Government wants a cut. There's absolutely no regulation or no confirmation on legal status of Bitcoin.

https://bit.ly/3LcdIe8 via /r/Bitcoin https://bit.ly/3IEV64M

Daily life of crypto investor

https://bit.ly/3JBbZ1A

Submitted March 25, 2022 at 08:18PM by Changehero_io https://bit.ly/3L9znUe

Paying taxes with bitcoin is one of the most important defense mechanisms of BTC

It is my unqualified belief that the biggest threat against bitcoin and cryptocurrencies is the government. A government ban on cryptocurrencies would lower their value and use significantly. However, if people pay taxes in BTC, that means the government now holds BTC itself - it will be heavily disincentivized to pass any laws forbidding the use of cryptocurrencies, since that would just lead them to wipe out a (potentially) significant portion of money. In fact, if people pay taxes with BTC the government will become incentivized to act in favor of cryptocurrencies.By paying taxes with BTC instead of fiat, all the positives of BTC would remain and its biggest threat would be removed. Independent of your position on taxes, this is something to be positive about. via /r/Bitcoin https://bit.ly/3wET1Ua

Thursday, 24 March 2022

They can only control us because we use their currency. Bitcoin fixes this.

https://bit.ly/3D65m52

Submitted March 24, 2022 at 11:44PM by sylsau https://bit.ly/3JTx33L

President of Deutsche Bundesbank & Governor of Malaysian Central Bank Both Fear The Implications of Bitcoin For Monetary Policy & The Banking System

https://bit.ly/3qyh7MF via /r/Bitcoin https://bit.ly/36rDE6S

YG flexing his $30mil BTC stash in new music video "Scared Money"

https://bit.ly/3tAkmEY

Submitted March 24, 2022 at 08:31PM by MasterDebater100 https://bit.ly/382HELH

BTC measured in Big Macs ... 2013 vs 2022

https://bit.ly/3IDi0JG via /r/Bitcoin https://bit.ly/3tBi7RV

Russia Is Open To Sell Natural Gas For Bitcoin

https://bit.ly/3wQvikb via /r/Bitcoin https://bit.ly/3iAMzoS

They can only control us because we use their currency. Bitcoin fixes this.

https://bit.ly/3D65m52 via /r/Bitcoin https://bit.ly/3JTx33L

Is this the last year/period that 1 BTC or 0.5 BTC would be affordable to the average person?

The average income in the USA is $51K a year, which is a little more than what BTC is currently sitting at and much less than the previous ATH of $69K.

https://policyadvice.net/insurance/insights/average-american-income/

To buy 1 BTC, most people would have to spend almost their entire yearly income. Since they can't do that, the next best thing would be 0.5 BTC (around $20K).

But still...how realistic is that?

Have we reached a tipping point where the new goal is 0.1 BTC or less for most people?

Submitted March 24, 2022 at 04:22AM by creativeoutlaw44 https://bit.ly/3IJuEHu

Reasons altcoins haven't surpassed bitcoin: 1) Bitcoin doesn't require a centralized server to host a full node 2) It's deflationary, 3) It is leaderless. The longer you fight these facts, the more you are hurting yourself.

I don't consider myself a BTC maximalist, but the fact of the matter is we can sit here and pick apart all the bad parts about bitcoin and say, "Oh well, my coin is better because..."

We wanna talk reasons? Ok let's go.

Scalability: your coin sacrifices security and decentralization for scalability. Haven't you heard of the lightning network? Here's a 30 second demo of a lightning wallet where you hold your keys and can do lightning transactions: https://www.youtube.com/watch?v=AW-7XBrSqCI

Your coin has staking? Ok lots of coins have staking now.
You coin has smart contracts? Great, that's on the way for bitcoin now with RGB.
Your coin doesn't require mining to work and it has zero fees? Holy shit! That is a massive security flaw because all countries could effectively ban your coin because there is no incentive for someone in a different country to step up and run the protocol!
Your coin has miners too, but it is more scalable than bitcoin? Ok, how much did the lead dev keep for himself and the people who helped to make it? Did he sell any of it? Did he sell all of it?
Your coin has a courageous and visionary leader? Wow, that's crazy, one man is toting around all the decision making? Can he change how much is in circulation if he feels like it?

I can do this all day...

Submitted March 24, 2022 at 10:54AM by sgtslaughterTV https://bit.ly/3D7Jeaq

Wednesday, 23 March 2022

So upset..

https://bit.ly/36o8XPV

Submitted March 24, 2022 at 12:51AM by SameBoyHere https://bit.ly/3L3m5IM

13 years after the creation of Bitcoin. Still: 10 Minutes Per Block, Difficulty Adjustment Every 2,016 Blocks, 21 Million, SHA-256, 99.99% Uptime, Never Hacked, Open Source, Decentralized, Immutable, Growing.

https://bit.ly/37OshWN via /r/Bitcoin https://bit.ly/3Nf3wDo

When Spot ETF

https://bit.ly/3LbcOyn

Submitted March 23, 2022 at 06:38PM by NeedleworkerNo2874 https://bit.ly/3iwi9nS

So upset..

https://bit.ly/36o8XPV via /r/Bitcoin https://bit.ly/3L3m5IM

And the man (or group of people) did

https://bit.ly/36rpe6y

Submitted March 23, 2022 at 08:30PM by fverdeja https://bit.ly/3Neb35o

Florida Governor Confirms the State will Accept Tax Payments in Bitcoin (BTC)

https://bit.ly/3uiSi8t via /r/Bitcoin https://bit.ly/3NcHOjB

Tuesday, 22 March 2022

Run Bitcoin Run

https://bit.ly/3JJXM2g

Submitted March 23, 2022 at 12:38AM by NeedleworkerNo2874 https://bit.ly/3qr2j2b

I think you'll find the paperwork is all in order.

https://bit.ly/36DJSQC via /r/Bitcoin https://bit.ly/36ByFQI

Feels relevant for us. Bitcoin moves forward regardless of permission or blessings. Believe in math!

https://bit.ly/36jT8tA

Submitted March 22, 2022 at 08:02PM by Any-Substance-616 https://bit.ly/3D20qOp

With the difficulty setting a new all-time high, Bitcoin hash rate could experience a small capitulation

According to calculations from MiningPoolStats, Bitcoin has overcame significant odds in the last year to see computing power devoted to mining — hash rate — reach a massive 222 exahashes / second (EH/s) this month.However, on both instances, a full recovery occurred, validating the assumption that mining will bounce back stronger than before as much as there is at least one "friendly" jurisdiction for crypto miners. Hash ribbons apply two simple moving averages (SMAs) of hash rate to indicate miner health, it has been used to predict when potential price bottoms are approaching.Miners get a breakeven cost for mining each Bitcoin, and if the spot price falls below that, the risk of their "capitulating," or ceasing operations owing to a lack of profitability increases. This has the unintended consequence of lowering market prices, necessitating a change in Bitcoin network difficulty to reduce miners' production costs.When the 30-day SMA crosses below the 60-day SMA on hash ribbons, it indicates that a capitulation event has happened.Bitcoin mining is not for me, due to the high barrier of entry. However, I just love to profit out of the news. via /r/Bitcoin https://bit.ly/3iqerfx

Goldman Sachs Makes Over-The-Counter Bitcoin Trade—First By Major Wall Street Bank | Decrypt

https://bit.ly/37RA1aJ

Submitted March 22, 2022 at 03:45AM by sandygws https://bit.ly/3JBgY2u

Delivered appliances to a Data Miner today

https://bit.ly/3D4jITn via /r/Bitcoin https://bit.ly/3irgi3x

Run Bitcoin Run

https://bit.ly/3JJXM2g via /r/Bitcoin https://bit.ly/3qr2j2b

‘National Strategic Military Implications’—MIT Researcher Recommends U.S. Buy Bitcoin

https://bit.ly/3NbVCuE

Submitted March 22, 2022 at 07:42PM by Perringer https://bit.ly/3L7obay

Monday, 21 March 2022

If you see this, it‘s a scam!

https://bit.ly/3tCjlfX via /r/Bitcoin https://bit.ly/36xM7oH

Whenever you swap some fiat for bitcoin

https://bit.ly/3IAFa3K via /r/Bitcoin https://bit.ly/3toVzUl

El Salvador has $1.5b demand for its $1b Bitcoin Bond - Financial Times

What kind of pump should we expect from this news?Is it a big deal? Or just another page of good news for Bitcoin?The bonds are oversubscribed and we are not even in a bull market.Wouldn't other countries be foolish to not be lining up with their own Bitcoin Bond offerings soon?At what point will demand for Bitcoin truly outstrip the supply = price go up via /r/Bitcoin https://bit.ly/3L37Jbo