Tuesday, 31 May 2022
Traditional Finance is Broken
Submitted May 31, 2022 at 02:35PM by Lemons_for_Sale https://bit.ly/3M3RdIv
Spent yesterday evening at Walden Pond, reading The Bitcoin Standard.
Submitted May 31, 2022 at 08:18PM by Cryptorich13 https://bit.ly/3x4t3tb
Anticipating the Bitcoin Standard
Bitcoin will never reach $1
Submitted May 31, 2022 at 07:15PM by shinebae https://bit.ly/3N6o9Bj
Turkey Will Be Submitting Crypto Legislation to Parliament Within a Few Weeks
“The journey to financial freedom begins with a single satoshi”
Submitted May 31, 2022 at 08:50PM by Any_Particular_ https://bit.ly/3z8ljHL
Monday, 30 May 2022
Possible Nigerian presidential candidate says he finds Crypto beneficial
Submitted May 30, 2022 at 07:20PM by rollingincrypto https://bit.ly/3x8vHhD
Hal Finney 2011 discussing shitcoinery before any existed.
In Bitcoin The Nodes Are Sovereign | The Miners Are Just Hired Security Providers, They Do Not Control Bitcoin, But Serve At The Nodes Pleasure | Miners Are in No Position To Dictate Terms To Anyone | Saifedean Ammous | Verify And Validate Bitcoin by Running a Node
Inflation in Germany hits 70 years high
I paid 420 sats for beer via lightning last Saturday at a German Bitcoin meetup
Submitted May 30, 2022 at 10:47PM by YeetsAhead https://bit.ly/3PQ8Q1u
Bitcoin's (BTC) Value Will Continue to Grow, Says Deutsche Bank Analyst - DailyCoin
Sunday, 29 May 2022
Fed broke :(
Submitted May 29, 2022 at 11:07AM by lzzy423 https://bit.ly/3GuTk6W
El Salvador Orange Pills Central Bankers
Massive Bitcoin logo in the sand. This was the first attempt yesterday: https://bit.ly/3x7398d
You could have put those stimulus checks into Bitcoin & been ahead
Submitted May 30, 2022 at 12:10AM by TheRealSlimyrock https://bit.ly/3x6T9Md
You could have put those stimulus checks into Bitcoin & been ahead
₿itcoin exchange + ATM spotted in Lisbon - Portugal 🇵🇹
Submitted May 29, 2022 at 08:25AM by mishax1 https://bit.ly/3Gt6sJE
Saturday, 28 May 2022
A poster for bitcoin
Former finance minister of Greece says Bitcoin replacing fiat money would be ‘a nightmare’
Submitted May 28, 2022 at 09:45PM by smitaverma95 https://bit.ly/3PZ4dSW
84% Of Americans Do Not Believe That Bitcoin Investments Are Harmful To The Environment
True ..... I found this interesting.....
Submitted May 28, 2022 at 08:18PM by suyashraizada https://bit.ly/3M0MWFA
Bitcoin is not a hedge against inflation. It's a hedge against central banking as a whole.
True ..... I found this interesting.....
Friday, 27 May 2022
Central bank fully demonetized gold 1971 but kept accumulating it. Now they are saying Bitcoin has no value while US government already owns some BTC.
The important thing is 1 BTC = 1BTC, right?
Submitted May 28, 2022 at 04:48AM by reddituser888 https://bit.ly/3Gv1Hzw
Those psychopaths with private jets will use CBDC to track your "carbon footprint" in other words EVERYTHING YOU DO.
Submitted May 27, 2022 at 07:40PM by AdNational7013 https://bit.ly/3MW2agi
The important thing is 1 BTC = 1BTC, right?
The Bitcoin car is back at the Indy 500 this Sunday!
Fiat is muggle money. Bitcoin is for wizards.
Chaos in Copenhagen as danish bitcoin billionaire is promoting his new bar by throwing cash to random people
Thursday, 26 May 2022
Billionaire Bill Miller: "I consider Bitcoin an insurance policy against financial catastrophe."
Submitted May 26, 2022 at 06:52PM by _CypherIO https://bit.ly/3LTz2oG
So what do you know about money?
Billionaire investor Bill Miller touts Amazon and bitcoin, warns of a new investing paradigm, and takes aim at Warren Buffett's crypto critique. Here are Miller's 10 best quotes from a new interview.
Michael Saylor: "We could create $100T of value in the real world simply by building applications on top of Bitcoin as a foundation. Continually trying to reinvent the wheel and create competitive things is a massive waste of time, and it's a diversion of human creativity."
Submitted May 26, 2022 at 08:35PM by PodClips https://bit.ly/3wPtcPM
Oh no
This feels like it belongs here
Submitted May 26, 2022 at 08:02PM by thats_just_right https://bit.ly/3PD1CxP
Wednesday, 25 May 2022
Watch Christine Lagarde of ECB being questioned on Dutch TV about the expansion of the ECB balance sheet
I bless you altcoins!
Bank of America doing survey asking about crypto
Submitted May 25, 2022 at 08:56PM by jtaylor822 https://bit.ly/38gUgPy
Finland 🇫🇮 is adopting bitcoin and Lightning ⚡ one business at a time thanks to LN-Kassa, a special Lightning consultancy and Breez Point-of-Sale.
Now it's time for go to the Sky!
Submitted May 25, 2022 at 09:03PM by GaliboControl2310 https://bit.ly/3MOgSpL
Beware of scammers! 😂
Tuesday, 24 May 2022
Stripe To Enable Millions of Merchants To Convert Payments Into Bitcoin via OpenNode
Welcome to the Pizza Day!
Submitted May 24, 2022 at 05:17PM by GaliboControl2310 https://bit.ly/3lFiZQK
The girl with Bitcoin glasses
IMF “coin in Bitcoins name doesn’t make it money”. Bitcoin>gold>fiat currency.
Submitted May 24, 2022 at 05:32PM by Festortheinvestor https://bit.ly/3LUEWGl
Don't let your local fiat currency drag you down
Submitted May 24, 2022 at 11:01PM by fastbitcoinsHenry https://bit.ly/3ySxOaj
If bitcoin is going sideways for the next 2 years, do yourself a favor and take the time to learn about Austrian economics, Libertarianism, free markets, and the broken fiat system with these books
Submitted May 24, 2022 at 08:10PM by AlonShvarts https://bit.ly/3MHGogr
Don't let your local fiat currency drag you down
Monday, 23 May 2022
I can't really describe how much I love it!!
Inflation is created by money printing at central banks -- don't let them fool you into thinking otherwise. Milton Friedman explains.
Submitted May 23, 2022 at 11:30PM by Straight-Lynx-3309 https://bit.ly/3yT4dxz
A few useful/interesting projects
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The Bolt Card. An NFC card that allows you to pay Bitcoin directly with your own lightning node(or using third party services).
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OpenDime. You have basically "Bitcoin Sticks" that control a certain amount of Bitcoin. You pass them around as cash basically.
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LNPoS. Make offline payments with lightning!
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Stacker News. Read news, and get some sats with lightning through votes, posts, comments, etc.
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SolDirac. A Q/A website that pays you sats via lightning to answer the questions.
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Lightning Exchanges. List of exchanges that support withdrawals and sending bitcoin with lightning.
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21 Days of Bitcoin course from the Bitcoin Magazine. Earn 2,100 sats for free redeemable through lightning while learning more about Bitcoin with this course.
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BTC Pay Server. Accept bitcoin with lightning at your store for free.
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Satsback. Earn sats back whenever you buy stuff. It's like cashback but with sats instead, and paid with lightning.
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Lightning Network Stores. Directory of stores that support lightning.
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Some great lightning wallets: If you just want the simplest non-custodial one, go with Muun. If you want the simplest custodial one, go with Wallet of Satoshi. If you want to be able to customize things a bit and maybe even use your own lightning node you can check out Breeze, BlueWallet, Phoenix. If you want a wallet with all the latest state of the art stuff implemented into it, check out Blixt. If you want to have full control of your lightning node, checkout Zeus.
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If you want to run a lightning node with 100% open source where you have full control of every aspect of the stack: Open source stack to run your own Lightning node⚡
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Sphinx. Decentralized chat/social media/etc, you can even sell your texts/photos/media out of the box. All using sats.
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Juggernaut. Similar to sphinx. All using sats.
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impervious. P2P everything with payments built-in. All based on lightning.
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lightning address. Make your own lightning address for simpler payments in lightning.
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zebedee API. API to use sats as micro-payments in games.
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If you ever need to send a fax, you can do it with lightning
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If you need to send an SMS instead, here's how to send it with lightning
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Alby. Use lightning in the browser. You can authenticate (no more user/pass), and make lightning transactions right from your browser. No need to switch between apps or creating invoices. All works seamlessly.
Submitted May 23, 2022 at 10:39AM by nullama https://bit.ly/3Gb1NMk
Bitcoin Babushka T
Submitted May 23, 2022 at 08:11PM by MrCrownnnnn https://bit.ly/3wDbjF2
Raspberry pi 4b was sold out/overpriced, so set up a bitcoin node on a RP 400 instead
BITCOIN COULD FALL TO $8,000 (analyst warns) BUT COULD ALSO RISE TO $100,000 (other analyst predicts)…. Can y’all please STFU
All these “news” article headlines are getting so old. I don’t even bother reading them anymore. I will say these are most likely not good “selling” prices but yes prices COULD fall even more.. prices also will most likely rebound once some negative macro economic activity slows down (hopefully later this year) so this COULD be a good time to buy.
With that, I just saved you time in reading literally every single article with a headline similar to the one above 😒
Submitted May 23, 2022 at 11:48PM by PusghettiBoy93 https://bit.ly/3wDDSCd
BITCOIN COULD FALL TO $8,000 (analyst warns) BUT COULD ALSO RISE TO $100,000 (other analyst predicts)…. Can y’all please STFU
I never understand this "its useless" argument. It's not useless for people who live in corrupt shit countries
Sunday, 22 May 2022
Happy bitcoin pizza day!!!
I love parachutes!
Submitted May 22, 2022 at 10:40AM by mark1forever https://bit.ly/3sP06Pa
Bitcoin would be very different w/out the shitcoins... and yes, I know its an evolutionary progression that shitcoins would exist at some point..
Submitted May 22, 2022 at 11:04PM by TheRealSlimyrock https://bit.ly/3G6z0Zs
Rice and beans, everybody!
Submitted May 22, 2022 at 09:40PM by IIamII https://bit.ly/3LGVtgB
Bitcoin would be very different w/out the shitcoins... and yes, I know its an evolutionary progression that shitcoins would exist at some point..
Max Keiser doing the Lagarde dark-disco-cabaret EL ZONTE
Submitted May 22, 2022 at 02:29AM by BuyBTCuk https://bit.ly/3PzDoEw
Saturday, 21 May 2022
Wage slave by design (post deleted in r/antiwork)
This post was deemed off topic in r/antiwork so I'm posting it here for posterity.
When you look around you and you observe the way the world works today you get this feeling that something is wrong. You see rich people with more wealth that they could possibly enjoy in a single lifetime and then you see yourself, struggling and you can't understand why, why are you living month to month barely getting by. You talk to people like r/antiwork and you find out you are not alone so you lach onto one of the popular explanations for why this is. The rich man is bad! The government is bad! The capitalist system is bad! You are being exploited at your job! etc etc
But you never learned what really is the primary cause of your suffering. And it's this: https://youtu.be/sI1C9DyIi_8
You don't understand the exponential function and just what 2% per year inflation target by your central bank really means for your money.
You don't understand that this POLICY, publicly stated by YOUR central bank, is the main reason why you can't get ahead. Because you don't think 2% per year is a big deal. You don't get how the exponential function works as it's very counter intuitive. You don't get that 2% per year means in just 35 years your money will be worth HALF of what it was on the day you earned it. And you don't understand that if they overshoot their target(again publicly stated as some sort of virtue called "price stability") and the inflation is really 7% this happens in just 10 years. 10 fucking years and your savings lose half of it's purchasing power!!
THIS is the cage you are in.
It's the monetary system of steady decrease of the value of money you earn. And guess what, the way this inflation is achieved helps out the richer getting even more rich.
I guess what the purpose of my message to you is, understand the cage you are in. Because if you fail to do this, you will never get out. Learn about money and monetary systems, support people who speak out against the current global monetary enslavement scam, put your wealth into money and assets that can't be inflated(gold, bitcoin, land, commodities) and spread this knowledge.
It's not hopeless. In fact with the invention of the internet and Bitcoin it's as hopefull as it ever was as this is a really really old scheme(think Romans old) and we have tools to fight it for the first time in human history. But you have to learn what the real problem is, the exponential function is really counter intuitive and it's how they keep you blind to just how much pain their 2% per year cuases you.
Good luck and peace out.
Submitted May 21, 2022 at 08:16PM by voluntarygang https://bit.ly/3LEKBjs
Bitcoin will share the same fate as the Internet.
Regulation: two birds, one stone. My dark maximalism.
Regulation is coming for altcoins. Most of the 17,000 will disappear. This is the s-curve adoption shakeout we as bitcoiners have been warning about for years. SEC Chair Gary Gensler met with the FTC on Wednesday, and again reiterated that bitcoin is NOT a security, but that "Many, I'd say most of the others are securities."
https://twitter.com/hodlerforlife/status/1527705100059258880?s=20&t=BVRnn-2FkOVJ37GwM7CtAw
Some folks have suggested that getting designated a security won't affect their coin or protocol. They are terribly mistaken. This designation means you have to follow the established legal framework for securities:
- You can't transfer a security to someone that is not registered to receive securities. If you do, in order to redeem it they must register. Otherwise you can transfer them freely as they are a property, but only to persons or institutions registered. International sales have their own sets of rules.
- You cannot issue coins or tokens. This requires form S-3.
- Insiders/Devs/DAO's cannot sell their securities without a form S-4. More importantly, they can no longer trade on material action before the public knows, which is an enormous problem currently, especially amongst exchanges. This is a crime if you are trading securities.
And so on. There is no effort to rewrite American securities laws to accommodate the unique properties of crypto, which instead will meet the burden by complying with the rigor and legal framework everything else does.
The coins-tokens-protocols that get designated securities don't have to comply of course. If they don't want to change their protocol, register their brass, and create a hierarchical chain of command for reporting, then:
- They'll be delisted by every centralized exchange within 90 days
- All their wallets/apps will be deleted from Apple and Google Play
- No taxpaying company will accept them as payment
- Promoting the ticker or coin in any way will be a crime
- All major stablecoins will cease to operate within their protocols--and this might be the most insurmountable obstacle, because 85% of ALL altcoin volume is from stablecoins. That means nothing inside an alt protocol has established itself as money--except for stablecoins
If these projects were decentralized and impairment resistant to begin with, none of this would be happening. They just couldn't avoid those pre-mines for money though. Their founders loved the spotlight too. If they at least had fixed issuance, they could mitigate some of their problems. But besides BTC, few projects come to mind that can circumvent all these travails; the leading privacy coin certainly can; but even the coin beginning with Lite and the one represented by a dog symbol could be in danger of getting this black securities label. If delisted, the only real way to acquire these zombified things would be to take something that isn't a security (like BTC), transfer it to a DEX, then swap into it. Point is, getting designated a security is effectively a date with gravity from the 50th floor, because you are now in the sandbox with the same rules real public companies, real bonds, and real products must adhere to. Can your vaporware compete? Because if you're not money, what are you exactly? Nothing. You're an orgy of swaps, wraps, burns, mints, and stakes run by centralized dapps that do nothing but optimize token interactions to keep the orgy going. Here's a better way to say this: If your dapp is a centralized registered security with full KYC, why does it need a blockchain exactly? To shill its speculative token. There's no real business or service there.
Exchanges don't have profitable business models without a robust (expletive)coin market. Bitcoin isn't something they can control and the open source tech around it is a race to zero. Add in the fact that BTC has established itself as money, and you'll see a nascent circular economy already growing around BTC. When it gets big enough (goods services sold in BTC), then exchanges are really no longer necessary. So maybe they'll spin-off the bitcoin business, miners might acquire them, exchanges might consolidate, who knows. I do know the days of easy money are gone.
I think Gary Gensler is a bit naive on what these security designations will do to these protocols that heretofore have been hiding behind the word decentralization and acting like they're going to do something of value someday. He also doesn't understand fully what impact it will have on exchanges either. Bitcoiners are smiling of course, because two birds are getting hit with one stone. Centralized bitcoin-only exchanges (and apps) like Block's CashApp, Strike, Swan, etcetera won't be burdened with any of this extra paperwork, insurance costs, lawsuits, lawyers, or blockchain forensic add-ons.
My dark maximalism really starts sweating through my shirt thinking about the bloody mess of red ink we'll be mopping up though.
Submitted May 21, 2022 at 07:32PM by Mallardshead https://bit.ly/3sSrITB
Coinbase Leads Users Astray By Recommending Everything Besides Bitcoin
Submitted May 21, 2022 at 01:36PM by castorfromtheva https://bit.ly/3LNPLtL
Question on Edexcel A Level Economics paper 20th May 2022
Correlation or causation?
me researching btc last year before going all in…
Submitted May 21, 2022 at 10:58PM by iamthereal_jb https://bit.ly/3MDXf3v
Friday, 20 May 2022
People who say you can't use BTC in real life are ignorant
So I'm fully invested in BTC and have believed for a while that it's main use is as a store of value specially against inflation.
However I had a weird thing happen today as I couldn't buy from an online store (CBD) I've purchased before with my regular visa/Mastercard cards, yet saw the store accepted BTC.
Decided to try it out and it worked no problem. It's amazing that with it's vast global network MC could not approve the payment (credit was more than fine) yet BTC network had absolutely no problem.
I almost immediately bought some more tasty dips of BTC mind you, but it's quite a simple proof that it's not just a sore of value, or a hedge against inflation, or a way to transfer value internationally. It's good for all of that and more.
Submitted May 20, 2022 at 09:12AM by alclab https://bit.ly/3LA6dxw
And the central bankers from 44 countries screamed…
Submitted May 20, 2022 at 09:56AM by _CypherIO https://bit.ly/3LAjZ3d
Where to keep your value?
Satoshi said, "If you don't believe me or don't get it, I don't have time to try to convince you, sorry." This applies to both billionaires that are non-bitcoiners and alt-coiners.
I don't know what is going through Bill Gates' mind, nor do I care too much with regards to Bitcoin. He is only 25 years younger than Warren Buffett, but he is a billionaire and he isn't one of those people that "needs" bitcoin. He has so much money that he could probably find a way send it to North Korea without using bitcoin or cryptocurrency and find a way to conceal it - and if he were to be caught I'm sure he would only get a slap on the wrist.
Without lingering on any billionaires in particular, when they reach that status, they have access to financial services that you and I do not. I don't want to put the Winklevoss twins on a pedestal that is any higher or lower than Bill Gates (or vice versa), but I'm pretty sure that both parties can get access to better banking services than 99% of the people who are browsing this sub right now.
The kind of way that we hold idols and their remarks towards something is entirely unimportant because it changes nothing. Maybe it's a technology thing. Who knows? I've been buying bitcoin since 2017, but didn't start using uber or uber eats until 2021. Last but not least, I don't see the reason why a billionaire would need bitcoin in this lifetime.
Submitted May 20, 2022 at 10:53AM by sgtslaughterTV https://bit.ly/3G19bde
New Republican bill would protect crypto investments in retirement accounts
Just some central bankers from 44 countries shouting BITCOIN
Submitted May 20, 2022 at 10:24PM by CoinCorner_Sam https://bit.ly/3ltyD1v
Bitcoin Whales Buy the Dip Adding 40,000 BTC worth $1.6 Billion - Don't sell your BTC to the whales!
Michael Saylor: "Let's go back to October of 2020 ... I think Bitcoin was 12,800... NASDAQ was 11,000 and change, and gold was higher than it is now. And if you roll the clock forward 24 months, Bitcoin is up by a factor of 2.75. Gold is down. NASDAQ is sideways."
Submitted May 20, 2022 at 08:35PM by PodClips https://bit.ly/3G5EkMx
Thursday, 19 May 2022
“There is an infinite amount of cash at the Federal Reserve.” -Neel Kashkari President of the Federal Reserve Minneapolis
Sometimes I wonder how this guy is doing. 50k to ~13M today, assuming he held onto all his BTC.
Submitted May 19, 2022 at 08:11AM by NXCW https://bit.ly/3NmPZJs
All this dip fiesta we are living through has allowed me, a small investor, to go from 0.15 to 0.25
Be careful out there everyone!!!
Submitted May 19, 2022 at 09:40PM by pictogasm https://bit.ly/3wuCimb
I got my favorite local deli to take payments in BTC
How I feel about the current dip
Submitted May 19, 2022 at 08:30PM by AdSpiritual1610 https://bit.ly/3Lq0JFn
DINKLEBERG 🤣
Wednesday, 18 May 2022
Michael Saylor on the current dip: "This mini-meltdown is going to give a lot of energy, a lot of momentum, to the movement to publish clear guidelines for digital currencies and digital securities and digital exchanges. And I really think that Bitcoin benefits from all those."
Submitted May 18, 2022 at 08:35PM by PodClips https://bit.ly/3FUl7NU
Russia could legalise cryptocurrencies as means of payment - industry minister
Making a cold Bitcoin wallet with an Altoids Tin
Submitted May 18, 2022 at 07:44AM by ImRoniBandini https://bit.ly/3wD9Ywy
Pickhardt Payments - 60 million sat payment sent through lightning network!
Sooner or later
Submitted May 18, 2022 at 04:21AM by dancho_danov https://bit.ly/3yLmsVN
"Why didn't I buy at $30k?"
Submitted May 18, 2022 at 10:52PM by m301888 https://bit.ly/3sKIjZD
Why is it only after people's alts get wrecked against Bitcoin that people realize they should be Bitcoin only?
Tuesday, 17 May 2022
$3 Billion in Bitcoin Was Sold To Save the Ust Stablecoin From Collapsing
Hyper Adoption is coming . Source: why the f not.
Submitted May 17, 2022 at 11:21PM by NeedleworkerNo2874 https://bit.ly/3sF4UXk
I barely understood Mastering Bitcoin, let's do this!
Submitted May 17, 2022 at 03:51AM by khaffner91 https://bit.ly/3wmQqOf
"Good."
JUST IN: Brazil's stock exchange to offer Bitcoin futures in the next 6 months 🇧🇷
Submitted May 17, 2022 at 02:16AM by Reahvenz https://bit.ly/3sF7axG