Sunday, January 31, 2021

Are Cryptocurrencies Really Bad For The Environment?

Bitcoin gets a lot of bad press for the electrical power that it uses. Sure, the bitcoin wallet in your computer or phone itself doesn't use much electricity, ...

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Bitcoin Price Analysis: BTC Fails To Break and Loses $2000 Immediately

The Bitcoin whipsaw continues as it failed to break the marked bearish triangle's upper angle and immediately dropped by $2000 to hit the $32,500 ...

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Santiment - Shell Contractor

Santiment cautioned Bitcoin bulls about the cryptocurrency's downside ... Santiment is a behavior analytics platform for cryptocurrencies, sourcing ...

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Crypto pump group discord - Apex Pediatrics

This is most common with small cap cryptocurrencies. ... cryptocurrency pump signals across Discord and Telegram has found ...

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India cryptocurrency bill puts industry in a state of panic - The Economic Times

Bitcoin prices on Indian crypto exchanges fell 7-8% on Sunday afternoon after the government announced it would introduce India's cryptocurrency bill ...

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India cryptocurrency bill puts industry in a state of panic

Not sure why we're banning other cryptocurrencies though. Blockchain technology is the future. RBI must embrace not fear it.” Read More News on.

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Here's What Soulja Boy Should Know Before Launching SouljaCoin

This is the illustrious “utility token”: cryptocurrencies claimed by its creators to ... or influencer to get closer to their fans by selling them cryptocurrency.

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Visa May Add Cryptocurrencies to Its Payments Network, Says CEO | Hacker News

Cryptocurrency continues to gain more ground but I still have my reservations about it being the currency of the future. If by design, cryptocurrency has a ...

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Can You Stake Cryptocurrency On a Raspberry Pi to Generate Passive Income?

Cryptocurrency mining requires expensive hardware. But what if there was another, easier alternative? Raspberry Pi.

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Cryptocurrency crime drops in 2020 but 'DeFi' breaches rise

NEW YORK: Losses from cryptocurrency theft, hacks, and fraud fell 57% last year to $1.9 billion, as market participants boosted security systems, but ...

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Budget 2021 Expectations: Crypto startups seek legal framework, investment support from FM ...

Thus, in layman's language, the word 'cryptocurrency' can be defined as digital money or virtual currency used by people to make transactions without ...

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Union Budget 2021: What cryptocurrency industry is expecting from budget

The value of the world's most popular cryptocurrency Bitcoin crossed ... other cryptocurrencies interoperable with the current banking infrastructure.

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Popular Cryptocurrency Trader Ben Armstrong Names His Top Altcoin For the Year

His top three consisted of Nano (NANO), which he called the fastest cryptocurrency on the market, as well as DeFi platform Polkadot (DOT) and ...

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Top 5 Cryptocurrencies To Watch This Week: BTC, ETH, UNI, ATOM, COMP - Financial Editorial

Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP. Editor Team23 mins ago. 6 minutes read. Over the past seven days, the ...

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GiftChill New Digital Giftcards for Bitcoin and Cryptocurrency Gains Huge Exposure

Gift cards can be purchased with four different cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Since the news was announced, the ...

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Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP

Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP. Bitcoin price fell back into the descending triangle but this dip may attract ...

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'When alt season?' eToro may have some answers

In its latest quarterly report, eToro breaks down various cryptocurrency investment themes related to the 2020 bull market. It also devotes an entire ...

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Are Cryptocurrencies Really Bad For The Environment?

Are Cryptocurrencies Really Bad For The Environment? January 31st, 2021 by Jennifer Sensiba. Bitcoin gets a lot of bad press for the electrical power ...

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Binance Unveils Global Report on Crypto Investors' Motivations, Behaviors, and Preferences

Meanwhile, 38% own cryptocurrencies because they distrust the current financial system and 31% participate in the crypto markets for short-term ...

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XRP Posted Biggest Single-Day Gain in 3 Years in a Coordinated Buying Attack

The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20 data. That was the biggest single-day ...

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Is What's Driving Bitcoin's Rise Any Different From the “WallStreetBets” Phenomenon?

Cryptocurrencies are certainly interesting to write about. That said, Bitcoin has probably lost its place as the most speculative way to invest right now.

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Budget session agenda: Cryptocurrency, infrastructure, investment

Cryptocurrency and Regulation of Official Digital Currency Bill is also on the agenda. ET looks at some key economic bills to be taken up during the ...

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Spotted in Glasgow, Scotland. 🔥🚀

https://ift.tt/3pHxd48

Submitted January 31, 2021 at 04:29PM by Chemical_Hat6446 https://ift.tt/3tcXlpA https://ift.tt/2Z7cX2s

Saturday, January 30, 2021

TheCoinRepublic: The soaring price can ease Bitcoin price volatility - Bitfinex

Bitcoin price surge will simultaneously ease the token's volatility - Late last year's crypto surge has attracted several institutions, and such institutio...

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Bitcoin Price Analysis: 30 January

The value of Bitcoin has been moving along its current support levels and trying to consolidate around $33k. The sudden pumping of its price against ...

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Altcoin Season: Your Profits Could Be Bigger Than Ever

Altcoins are any cryptocurrency other than bitcoin. Bitcoin was the first crypto ... Many believed cryptocurrencies were a dying fad. Not only were the ...

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XRP Soars 30.63% In Rally

Elsewhere in cryptocurrency trading. Bitcoin was last at $34,113.3 on the Investing.com Index, down 8.85% on the day. Ethereum was trading at ...

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The Bitcoin Trading Process Explained in 3 Steps

The Bitcoin Trading Process Explained in 3 Steps. With the impressive rise of interest regarding the crypto world of possibilities, the majority of people ...

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Crypto Fund Manager Charged in $5M Ponzi Scheme, Facing up to 30 Years in US Prison

Investors “would transfer cryptocurrency, such as bitcoin and ethereum,” to him to invest in the funds for them. The DOJ elaborated: The largest and ...

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Elon Musk promotes Bitcoin, DOGE pumps and dumps, Reddit partners with Ethereum Foundation ...

In turn, this created a massive surge of new cryptocurrency exchange sign-ups as Tesla founder Elon Musk changed his Twitter bio to endorse Bitcoin.

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Elon Musk Helping Cryptocurrencies Keep the Safe Haven Status, As they Hold the Gains

It seems like cryptocurrencies are keeping the safe havens status they earned last year, after the surge in the last quarter of 2020. There was concern ...

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Dogecoin crashes as Reddit-fuelled cryptocurrency 'joke' falls flat

The price of Dogecoin, a cryptocurrency that first started out as a joke, has crashed after a huge spike driven by users of the internet forum Reddit ...

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Daily Discussion - January 31, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
Discussion topics must be related to cryptocurrency.
Behave with civility and politeness. Do not use offensive, racist or homophobic language.
Comments will be sorted by newest first.

Useful Links:

Submitted January 30, 2021 at 06:00PM by AutoModerator https://ift.tt/2MG9gv4 https://ift.tt/2Z7cX2s

In less than 6hrs, BTC will have sustained $30k for 30 consecutive days.

What a glorious month!

P S - Fuck Wall St.

Submitted January 30, 2021 at 05:15PM by notyouagain2 https://ift.tt/39y9bTu https://ift.tt/2Z7cX2s

Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional ...

Fidelity Digital Assets' Head Optimistic About the Future of Bitcoin. Jessop explained what he expects in terms of cryptocurrency regulation from the ...

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Man loses Rs 3Lin fake Bitcoin trading

Hyderabad: A social media user from Kondapur was duped of Rs 2.89 lakh by conmen posing as Bitcoin traders. Three persons whose antecedents ...

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TheCoinRepublic: The soaring price can ease Bitcoin price volatility - Bitfinex

Bitcoin Price Analysis: 30 January

Altcoin Season: Your Profits Could Be Bigger Than Ever

XRP Soars 30.63% In Rally

Fidelity Optimistic About Bitcoin Regulation Under Biden Administration — Sees Strong Institutional ...

Man loses Rs 3Lin fake Bitcoin trading

Hyderabad: A social media user from Kondapur was duped of Rs 2.89 lakh by conmen posing as Bitcoin traders. Three persons whose antecedents ...

from Google Alert - Bitcoin https://ift.tt/2Yrtn30

TheCoinRepublic: The soaring price can ease Bitcoin price volatility - Bitfinex

Bitcoin Price Analysis: 30 January

Altcoin Season: Your Profits Could Be Bigger Than Ever

XRP Soars 30.63% In Rally

Friday, January 29, 2021

Ontario Man Agrees to Plead Guilty to Federal Charges of Illegally Operating Bitcoin-Cash ...

... San Bernardino County man was charged today with running an unlicensed company that exchanged tens of millions of dollars in Bitcoin and cash.

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Dow Jones Slumps 450 Points As Apple Sell-Off Continues; Bitcoin Surges, But GameStop, AMC ...

Honeywell gave up the 200 level, while Chevron is testing its 200-day line. Meanwhile, the speculative crazed continued in bitcoin as well as Reddit- ...

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One Hashtag from Elon Musk Makes Bitcoin Spike in Minutes

Bitcoin finally broke the $20,000 ceiling in December, as demand from institutional investors rapidly increased, and it broke an all-time high of $40,000 ...

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Why Are Cryptocurrencies Getting Popular in 2021?

In this article, we explore the reasons for the rise of cryptocurrencies in 2021. The Bitcoin Bullish Cycle. Bitcoin is on a bull run since 2020, mainly driven ...

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Coinbase Has 'Temporarily' Stopped The Buying And Selling Of Cryptocurrencies

... used to buy and sell currency – has temporarily disabled its users from being able to purchase Bitcoin and other cryptocurrencies using US dollars.

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Daily Discussion - January 30, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:

Rules:

All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
Discussion topics must be related to cryptocurrency.
Behave with civility and politeness. Do not use offensive, racist or homophobic language.
Comments will be sorted by newest first.

Useful Links:

Submitted January 29, 2021 at 06:00PM by AutoModerator https://ift.tt/3r4Zhym https://ift.tt/2Z7cX2s

Hedge funds have shorted about 5bn of Bitcoin futures

To cover it up, they would need to buy back about 150 000 bitcoins.

I will let you connect the dots with what happened this last week

Submitted January 29, 2021 at 03:32PM by floflodea3 https://ift.tt/36s7oNQ https://ift.tt/2Z7cX2s

Bitcoin Newcomers FAQ - Please read!

Bitcoin Sticky FAQ

You'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:

Some other great resources include Lopp.net, 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.

Some Bitcoin statistics can be found here, here and here. Developer resources can be found here. Peer-reviewed research papers can be found here, also course lectures from the Princeton crypto series.

Potential upcoming protocol improvements and scaling resources here and here.

The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Limited Supply - There will only ever be 21,000,000 bitcoin created and they are issued in a predictable fashion, you can view the inflation schedule here. Once they are all issued Bitcoin will be truly deflationary. The halving countdown can be found here.
Open source - Bitcoin code is fully auditable. You can read the source code yourself here.
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 - Fees are chosen by the sender - you can choose your own fee. An appropriate fee for an on-chain transaction depends on network demand and how much priority you wish to assign to the transaction. Most wallets calculate on chain fees automatically but you can view fee estimates here and mempool activity here. 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 met
Nearly 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 fiat

Where 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.

Here is a listing of local ATMs. 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 bitcoin

With 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. Alternatively there are many software wallet options to choose from here depending on your use case.
If you prefer to let third party "Bitcoin banks" manage your coins, try Gemini 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.

Google Auth	Authy	OTP Auth	andOTP
Android	Android	N/A	Android
iOS	iOS	iOS	N/A

Physical 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 scams

As 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 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.
Avoid clicking on links like that look like links, such as https://www.google.com/, 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.

Where 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.

Store	Product
Gyft	Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory	Retail shopping with millions of results
NewEgg and Dell	For all your electronics needs
Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more	Bill payment
Menufy and Takeaway	Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats	For when you need to get away
Cryptostorm, Mullvad, and PIA	VPN services
Namecheap, Porkbun	Domain name registration
Stampnik	Discounted USPS Priority, Express, First-Class mail postage

Coinmap 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 Resources

There 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;

BTCPay
Square cash
Stripe
Wyre
Blockonomics (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 more here. 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 here.

Earning bitcoin

Just like any other form of money, you can also earn bitcoin by being paid to do a job.

Site	Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /r/Jobs4Bitcoins, BitforTip, Rein Project	Freelancing
Lolli	Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /r/Bitmarket	Marketplaces
/r/GirlsGoneBitcoin NSFW	Adult services
A-ads, Coinzilla.io	Advertising

You 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 Projects

The 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.

Project	Description
Lightning Network	Second layer scaling
Liquid, Rootstock and Drivechain	Sidechains
Hivemind	Prediction markets
Tierion and Factom	Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar	Decentralized markets
JoinMarket and Wasabi Wallet	CoinJoin implementation
Decentralized exhanges	Decentralized bitcoin exchanges
Keybase	Identity & Reputation management
Abra	Global P2P money transmitter network
Bitcore	Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:

Unit	Symbol	Value	Info
bitcoin	BTC	1 bitcoin	one bitcoin is equal to 100 million satoshis
millibitcoin	mBTC	1,000 per bitcoin	used as default unit in recent Electrum wallet releases
bit	bit	1,000,000 per bitcoin	colloquial "slang" term for microbitcoin (μBTC)
satoshi	sat	100,000,000 per bitcoin	smallest unit in bitcoin, named after the inventor

For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:

0.001 BTC
1 mBTC
1,000 bits
100k sats

For 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!

Submitted January 06, 2021 at 10:06AM by BitcoinFan7 https://ift.tt/35ilFMl https://ift.tt/2Z7cX2s

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand for second-hand and older generation mining rigs.

Semiconductor Shortage Complicates Mining Rig Manufacturing

Currently, the world is dealing with a semiconductor supply crunch which has been spurred by the aftermath of Covid-19 and the lockdowns. Automobile makers, PC manufacturers, smartphone production, and almost every electronics manufacturer under the sun is dealing with this issue. For instance, reports detail that auto giants like Toyota Motors, Nissan, Ford, Volkswagen, and more have been chomping at the bit to obtain microchips from suppliers like TSMC. On January 27, 2021, the financial reporter from China, Iyke Aru, reported on how the microchip supply shortage is “taking a toll on Chinese bitcoin miners.”

“The unique case of mining is complicated as a result of the coincidence with the increasing demand for Bitcoins and the associated expansion of the mining industry.” Aru details. Moreover, Aru also noted that because of the shortage “Chinese cryptocurrency miners are already scrambling for second-hand machines just to keep up with industry requirements.”

Second-Hand Machines, Older Generation Rigs, and ‘Too Many People Going for the Same Foundries’

Meanwhile, manufacturers and industry executives are hoping for other solutions to appear. During the second week of January, Nvidia revealed some cheaper types of semiconductors for computers that could possibly help the supply crunch, according to reports. Patrick Moorhead, principal analyst at Moor Insights and Strategy told Marketwatch in an interview that the shortage has impeded businesses working with semiconductor foundries. “There is not enough capacity at TSMC and at Samsung,” Moorhead explained. “There are too many people going for the same foundries.”

The scramble for second hand and older generation mining rigs has not just affected China but second markets in Europe and the U.S. have seen increased prices. For example on Ebay, there are hundreds of results for pre-owned S9s and even people selling bulk packages as well. Mining rig prices can be 2x to even 10x higher than what they were before the crypto economy’s bull run. The quantity of second-hand mining machines is far larger when it comes to older generation mining rigs, as new releases are much harder to obtain. There are far fewer listings on secondary markets and direct from the manufacturer deliveries are sold out until spring 2021.

What do you think about the semiconductor shortage taking a toll on the bitcoin mining industry? Let us know what you think about this subject in the comments section below.

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Scam calls claim electricity will be shut off unless BitCoin payment is sent

Police say the scammers had the victims make a payment through a BitCoin kiosk. “The end result is the same, that we want people if they get a call ...

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Bitcoin outlook: '10 years from now we'll all be doing our financial services on a blockchain': Kraken ...

Yahoo Finance's Akiko Fujita and Zack Guzman discuss crypto's wild ride with Kraken CEO Jesse Powell. Video Transcript. AKIKO FUJITA: Bitcoin ...

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Bitcoin becoming easy way to buy | Facebook

Cryptocurrency ATM machines are popping up everywhere. They're now at garages and supermarkets making purchasing with bitcoin easy.

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The Future of Bitcoin | Jonathan Church | Arc Digital

The Bitcoin network is its own de facto bank, a distributed ledger which obviates the traditional intermediary role of commercial and central banks. How?

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Cryptocurrencies Could Eliminate Banking's Easiest Moneymaker | Rotary Club of Palo Alto

Cryptocurrencies Could Eliminate Banking's Easiest Moneymaker. Mar 08, 2021. Darrell Duffie, Stanford Business School Finance. Cryptocurrencies ...

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Hawaii invites cryptocurrency companies to join program

However, the cryptocurrency companies will still be required to comply with other sections of the money transmitter laws. Companies interested in joining ...

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US Navy officials used position to sell private information of 9000+ people for cryptocurrency, feds ...

U.S. Navy officials used position to sell private information of 9,000+ people for cryptocurrency, feds say · Husband and wife face also allegedly forged a ...

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Crypto Entrepreneurs Seize on Reddit Revolt Ethos to Sway Users

FTX Cryptocurrency Derivatives Exchange announced in a blog post that ... We believe blockchain, decentralization, and cryptocurrencies will finally ...

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Ransomware Payoffs Surge by 311% to Nearly $350 Million

Cryptocurrency markets are rife with speculation, but cryptocurrencies known as stablecoin, which are backed by assets—most often, US dollars, are ...

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After GME, Dogecoin and Bitcoin, Chinese Traders Are Betting What Will Pump Next

On Weibo, the popular social media platform in China, the highly active crypto community is speculating on which cryptocurrency will be next to get a ...

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Disrupting Money: The Rise of Bitcoin and Cryptocurrencies | - Partners for Prosperity

As Peter Diamandis observes, cryptocurrencies are making money “more digitized, dematerialized, and democratized than ever before.”

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Breaking: India could be on the verge of banning private cryptocurrencies if bill passes

The Indian Parliament is considering introducing a bill to ban private cryptocurrencies. The chances of this bill passing are actually quite high because ...

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Introduction To Cryptocurrencies Trading — FX Audit

What is the big deal about cryptocurrency trading? Before learning about this market, an introduction helps newbies understand what they're getting ...

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I made a portrait of our latest recruit Elon Musk

https://ift.tt/3oERNAR

Submitted January 29, 2021 at 04:35PM by ESGombrich https://ift.tt/3akwH5D https://ift.tt/2Z7cX2s

Thursday, January 28, 2021

Paying with Cryptocurrencies Just Got Easier...

It is a true lifesaver for crypto enthusiasts. Bitcoin gold. Basically, this tool allows you to convert cryptocurrency into fiat currency quickly. The Trastra ...

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Daily Discussion - January 29, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:

Rules:

All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
Discussion topics must be related to cryptocurrency.
Behave with civility and politeness. Do not use offensive, racist or homophobic language.
Comments will be sorted by newest first.

Useful Links:

Submitted January 28, 2021 at 06:00PM by AutoModerator https://ift.tt/2NLVeZC https://ift.tt/2Z7cX2s

I give it about a week before everyone in GameStop moves to Bitcoin

Everyone that was seriously trying to make a quick buck off GameStop and have now realized the problem with it are going to realize robinhood can do this whenever they like. This is the perfect ad for Bitcoin as a solution, as soon as this whole debacle is over I expect a big stampede to Bitcoin. Buckle up

Submitted January 28, 2021 at 04:36PM by jasonbourne185 https://ift.tt/2YlDtSU https://ift.tt/2Z7cX2s

After Robinhood Restricts GameStop, Bitcoin And Crypto Market Suddenly Soars Toward $1 ...

The bitcoin price has suddenly rallied after a trading app Robinhood restricted users from frothy ... [+] stocks including GameStop and AMC ...

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Bitcoin in strong Rising Channel for BITSTAMP:BTCUSD by weslad — TradingView

Its a big success for we crypto traders to see BTC breaking away from previous ATH. Well its not yet over as price is currently consolidating above ...

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Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in ...

Completing the top three provinces with the highest number of lawsuits is Zhejiang with 103 and Sichuan with 54. The Case of a Bitcoin Bull Market and ...

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This is not the bright future for bitcoin that its creator envisaged

Satoshi Nakamoto had an idea. The mysterious creator of bitcoin believed that internet commerce was overly reliant on real-world financial institutions, ...

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Why Cryptocurrency Stocks Came Roaring Back Today

Shares of cryptocurrency stocks and cryptocurrencies themselves came roaring back to life on Thursday. Both had seen steady declines over the last ...

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Court Allows US Prosecution for American's North Korea Speech About Cryptocurrency

As part of his employment and interest in cryptocurrencies, Griffith spoke and gave presentations at various panels or conferences about the ...

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Will the SEC's Lawsuit Lead to Ripple Failing to Reach Its Potential?

Even though format-wise, cryptocurrencies are not securities, Ripple skirted the spirit ... “As a cryptocurrency play, XRP doesn't do much to excite me.

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Cryptocurrency exchange Coinbase to go public via direct listing - MarketScreener

Jan 28 (Reuters) - Coinbase Global Inc will list on the stock market via a direct listing, the U.S. cryptocurrency exchange said in a blog post on ...

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I'm ecstatic that Robinhood manipulation happened.

It shows the people exactly how the system has always been rigged against the people.

I hope more and more people start understanding the value of Crypto currency, which can evade the centralised powers.

Bitcoin to the moon 🚀 🚀🚀

Submitted January 28, 2021 at 02:55PM by ultron290196 https://ift.tt/2NMe2YL https://ift.tt/2Z7cX2s

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What is stopping us from doing what WSB did?

There’s a movement to buy bitcoin on the 30th of January at 3PM Eastern. We need to show big companies and banks that if they want in they need to buy at OUR price.

Submitted January 28, 2021 at 03:00PM by BearYouCanPinch https://ift.tt/3pzjso4 https://ift.tt/2Z7cX2s

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After Robinhood Restricts GameStop, Bitcoin And Crypto Market Suddenly Soars Toward $1 ...

The bitcoin price has suddenly rallied after a trading app Robinhood restricted users from frothy ... [+] stocks including GameStop and AMC ...

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Bitcoin in strong Rising Channel for BITSTAMP:BTCUSD by weslad — TradingView

Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in ...

This is not the bright future for bitcoin that its creator envisaged

Why Cryptocurrency Stocks Came Roaring Back Today

Court Allows US Prosecution for American's North Korea Speech About Cryptocurrency

Will the SEC's Lawsuit Lead to Ripple Failing to Reach Its Potential?

Cryptocurrency exchange Coinbase to go public via direct listing - MarketScreener

I'm ecstatic that Robinhood manipulation happened.

It shows the people exactly how the system has always been rigged against the people.

I hope more and more people start understanding the value of Crypto currency, which can evade the centralised powers.

Bitcoin to the moon 🚀 🚀🚀

Submitted January 28, 2021 at 02:55PM by ultron290196 https://ift.tt/2NMe2YL https://ift.tt/2Z7cX2s

What is stopping us from doing what WSB did?

There’s a movement to buy bitcoin on the 30th of January at 3PM Eastern. We need to show big companies and banks that if they want in they need to buy at OUR price.

Submitted January 28, 2021 at 03:00PM by BearYouCanPinch https://ift.tt/3pzjso4 https://ift.tt/2Z7cX2s

Wednesday, January 27, 2021

Ethereum Foundation and reddit Partnership is the Biggest Adoption news I have ever seen

as we all know by now Ethereum Foundation and reddit announced partnership!

In my Opinion this announcement is the Biggest adoption news I have ever seen, ill explain why:

By brining "Community points" to more reddit subs people can learn more about crypto from an inner drive, Finally crypto will be able to reach out more people who weren't really interested in crypto before.

One day people will comment on some reddit post, will get some upvotes and will see some crypto coins popping out in their "vault" Just like magic!

it will make people want to learn more about about these "Magic" coins but from an inner drive and not by being talked into it.

That will make the difference in adoption.

Paying with Crypto through PayPal was pretty big news too and it enabled people That have Crypto to pay with it.

The Difference is in the POV of the consumer:

PayPal is like : "yay I can use my Crypto to buy things"

Reddit is like: "Ok that's nice first time I'm meeting this Crypto thing, I wonder what it can do."

As Humans we are a curious species and trigging this emotion will bring Adoption!

Thank you for coming to my TED talk, hope you enjoyed it, will love to hear your thoughts!

Submitted January 27, 2021 at 04:11PM by DivineEu https://ift.tt/2M9aQG5 https://ift.tt/2Z7cX2s

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Everybody says “Buy the Dip” but can’t find “The Dip” coin at any Exchange. Help me.

I’m pretty new at this space looking for a coin or token that can make me rich with only U$ 100. I’ve answered a lot of quizzes at Coinbase and now I’m ready to build my future and buy my lambo.

But I am facing a huge problem. Almost everyday People is saying “Buy the dip”. I think that The Dip is the best coin on the market because all of you are recommending it. But I don’t find where can I buy it.

At least I am happy to not have The Low, because I’ve noticed that everybody is selling this.

Can you help me?

Submitted January 27, 2021 at 04:16PM by nelito30 https://ift.tt/3iQ4hUS https://ift.tt/2Z7cX2s

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Daily Discussion - January 28, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:

Rules:

All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
Discussion topics must be related to cryptocurrency.
Behave with civility and politeness. Do not use offensive, racist or homophobic language.
Comments will be sorted by newest first.

Useful Links:

Submitted January 27, 2021 at 06:00PM by AutoModerator https://ift.tt/3t4KJRa https://ift.tt/2Z7cX2s

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Bitcoin Is An Asset, Not A Bubble

With bitcoin prices down over 30% since this year high, investors have been questioning if we are in a 2017 redux. There are different risks associated ...

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S&P Global: Cryptocurrencies Have Become Mainstream and Are Here to Stay, Bitcoin ...

S&P Global says cryptocurrencies have become mainstream and appear to be here to stay, as more companies are offering crypto services and ...

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New Year, New Legal Focus: The Impact of Cryptocurrencies and Blockchain Law

By Ioana Good. Cryptocurrencies have become a hot topic again. The emergence of the token-based economy, allowing people to buy and sell goods ...

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Here's Why Cryptocurrency Stocks Were Falling Today

Falling this far has logically impacted cryptocurrency stocks, including those companies holding bitcoin, mining bitcoin, and providing mining ...

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OUTLOOK 2021: Battle lines form for a US regulatory showdown in cryptocurrencies

Some values increased nearly four-fold last year as the use cases for cryptocurrency and wider acceptance by traditional banks and financial ...

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Could meme stocks like GameStop kill bitcoin's rise?

Cryptocurrencies, more so than most other things, are only valuable because of a shared agreement that they are valuable. Their value is a product of ...

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Case to Watch: International Litigation Over Cryptocurrency Could Set Federal Precedent

In this case, the dispute involved the plaintiff, Sean Syder, who lost half of his $1 million online cryptocurrency investment. Stox, a technology company ...

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[PdF] Blockchain: Uncovering Blockchain Technology, Cryptocurrencies, Bitcoin and the Future of ...

Download Blockchain: Uncovering Blockchain Technology, Cryptocurrencies, Bitcoin and the Future of Money: Blockchain and Cryptocurr... books ...

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The Inconvenient Truth About Crypto Currencies

What I find strange however, is that this core group of bitcoin maximalists so strongly reject any other cryptocurrencies, protocol, digital asset or project ...

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Bitcoin has lost nearly $200 billion in market cap in just three weeks, as the token slips below $30000

Bitcoin bears were out on Wednesday, pushing the cryptocurrency below ... Cryptocurrencies are often seen as a hedge against accommodative ...

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What Makes Cryptocurrency a Good Investment • Penetration Testing

The value of cryptocurrencies like bitcoin is growing rapidly when compared to ordinary currencies. Buying and Selling your Cryptocurrency. To get ...

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Bitcoin Bounces Off $30000 as Record Momentum Fades

Cryptocurrency caroms off 50-day moving average price · Drop below key level could mean deeper losses, analysts say ...

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Bitcoin Tumbles Back Below $30000 as Record Momentum Fades

Cryptocurrency posted a record high of $41,981 on Jan. 8 · The last time the digital asset traded this low was Jan. 22 ...

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Ternio: How COVID Accelerated The Adoption Of Digital Payments In The Cryptocurrency Space

Cryptocurrencies are money-as-software that afford relatively small FinTechs the ability to compete against the multi-national companies worth ...

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Bitcoin could replace gold as store of value, Bank of Singapore says

Cryptocurrency outperformed combined gains of gold and the Dow Jones stock market by a factor of 10 in 2020. Anthony Cuthbertson@ADCuthbertson.

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Trading 212 bitcoin scandal

Feb 02, 2020 · Mt. Trade Major cryptocurrencies with the tightest spreads. 35 per share at the time of publication Monday. trading 212 bitcoin Malaysia ...

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New Moons Are Ready! (Round 9)

The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android).

Moons are r/CryptoCurrency's form of Community Points, a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

This distribution is based on karma earned from 2020-12-23 to 2021-01-19. Here is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app).

Submitted January 27, 2021 at 04:32PM by CommunityPoints https://ift.tt/3cdEbK9 https://ift.tt/2Z7cX2s

Ethereum Foundation and reddit Partnership is the Biggest Adoption news I have ever seen

as we all know by now Ethereum Foundation and reddit announced partnership!

In my Opinion this announcement is the Biggest adoption news I have ever seen, ill explain why:

One day people will comment on some reddit post, will get some upvotes and will see some crypto coins popping out in their "vault" Just like magic!

it will make people want to learn more about about these "Magic" coins but from an inner drive and not by being talked into it.

That will make the difference in adoption.

Paying with Crypto through PayPal was pretty big news too and it enabled people That have Crypto to pay with it.

The Difference is in the POV of the consumer:

PayPal is like : "yay I can use my Crypto to buy things"

Reddit is like: "Ok that's nice first time I'm meeting this Crypto thing, I wonder what it can do."

As Humans we are a curious species and trigging this emotion will bring Adoption!

Thank you for coming to my TED talk, hope you enjoyed it, will love to hear your thoughts!

Submitted January 27, 2021 at 04:11PM by DivineEu https://ift.tt/2M9aQG5 https://ift.tt/2Z7cX2s

Everybody says “Buy the Dip” but can’t find “The Dip” coin at any Exchange. Help me.

At least I am happy to not have The Low, because I’ve noticed that everybody is selling this.

Can you help me?

Submitted January 27, 2021 at 04:16PM by nelito30 https://ift.tt/3iQ4hUS https://ift.tt/2Z7cX2s

Daily Discussion - January 28, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

Disclaimer:

Rules:

All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
Discussion topics must be related to cryptocurrency.
Behave with civility and politeness. Do not use offensive, racist or homophobic language.
Comments will be sorted by newest first.

Useful Links:

Submitted January 27, 2021 at 06:00PM by AutoModerator https://ift.tt/3t4KJRa https://ift.tt/2Z7cX2s

Tuesday, January 26, 2021

Bitcoin Falls as Miners Sell, Institutions Watch Yellen

Bitcoin's price dropped as much as 10% during early trading hours on Tuesday as bitcoin miners started selling a large amount of the cryptocurrency ...

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Bitcoin evolution scam, reviews, feedback, registration, forum, login

Bitcoin evolution: forum reviews and opinions. Account registration and logging in – step by step. Check if it is not a scam!

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Correlation in the market behavior of bitcoin and other cryptocurrencies decreases

Skew notes that the correlation between the top 10 cryptocurrencies on the market dropped to 42%. Source: Skew. The cryptocurrency ecosystem has ...

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Cryptocurrency online jobs - Emesent

Cryptocurrency online jobs. ... This means that you are able to trade different cryptocurrencies like Bitcoin, Ether, Litecoin for USD. Submit your resume ...

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9 Great Cryptocurrency Business Ideas – Starting A Business

Cryptocurrency payment gateways are how businesses can accept payment online via various cryptocurrencies. A strong focus on security is needed, as ...

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Is Grayscale Bitcoin Trust the Best Way to Own the Cryptocurrency?

With GBTC falling at a greater pace than the cryptocurrency itself, the question on my mind is whether it makes sense to own the fund at this point. Let's ...

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Bank of England Governor Warns Cryptocurrencies Won’t Last

The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’s central bank said, “I don’t think cryptocurrencies as originally formulated are it.”

Bank of England Chief Andrew Bailey Doubts Any Existing Cryptocurrencies Will Last

Bank of England (BOE) Governor Andrew Bailey talked about cryptocurrency at the World Economic Forum’s online Davos Agenda Monday. Speaking on a panel entitled “Resetting Digital Currencies,” he said that digital innovation in payments was “here to stay.”

However, as for cryptocurrencies, the head of England’s central bank said:

Have we landed on what I would call the design, governance and arrangements for what I might call a lasting digital currency? No, I don’t think we’re there yet, honestly. I don’t think cryptocurrencies as originally formulated are it.

The Bank of England governor added: “The whole question of people having assurance that their payments will be made in something with stable value … ultimately links back to what we call fiat currency, which has a link to the state.”

Bailey noted that this can be organized in several ways which is where innovation comes in, naming stablecoins and central bank digital currencies (CBDCs) as examples. Like other central banks, the British central bank has been looking into issuing its own central bank digital currency.

Bailey also pointed out that the appropriate level of privacy for digital currencies was likely to be hotly debated. He was quoted as saying, “This is a big one that is coming on to the landscape, the whole question of a privacy standard for transactions made in any form of digital currency, and where the public interest lies.”

Godfrey Bloom, a British politician who served as a member of the European Parliament from 2004 to 2014, commented on Bailey’s crypto remarks. He tweeted:

Bitcoin strikes terror into the hearts of central bankers. Every time you buy bitcoin or gold coin they know it is another nail in their corrupt coffin.

What do you think about Bailey’s view on cryptocurrencies? Let us know in the comments section below.

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Here's what the biggest names in finance are saying about bitcoin

Ray Dalio, Mark Mobius, Lloyd Blankfein and more have weighed in on bitcoin's extraordinary ride. A Bank of America global survey of big fund ...

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This is why Warren Buffett hates Bitcoin

The billionaire investor doesn't like Bitcoin because he considers it an unproductive asset. Buffett has a well-known preference for stocks of corporations ...

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2 key metrics suggest Bitcoin price won't be pinned below $33K for long

Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday's $4.9 billion BTC futures ...

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Ransomware hackers launder bitcoin through just a handful of locations, researchers find

A new analysis of bitcoin deposit addresses tied to attack groups offers clues about hackers' financial relationships, and the way they move their stolen ...

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Blackrock incorporates Bitcoin futures contracts into its financial products | Coinhouse

Find all the latest news on the ecosystem of cryptocurrencies and the Blockchain! Discover everything there is to know about Bitcoin, Ethereum.

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DeFi Websites

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Download Wallet with Dapp Browser

Keep your 12 words private. No keys, No Coins!!!

This site is private

Websites

TokenSets

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Search any address or transaction

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Manage, Track, or issue yourself a loan with your DeFi stack

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Earn interest by providing liquidity to lending pools

Unstoppable Domains

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Wednesday, January 27, 2021

as we all know by now Ethereum Foundation and reddit announced partnership!

That will make the difference in adoption.

Disclaimer:

Rules:

Useful Links:

as we all know by now Ethereum Foundation and reddit announced partnership!

That will make the difference in adoption.