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Was it “Purse”? | r/bitcoin | Was it “Purse”? | r/Bitcoin | 2024-21-05 |
Purse was fun. Cool buying stuff with magic internet money back in those days. | r/bitcoin | Purse was fun. Cool buying stuff with magic internet money back in those days. | r/Bitcoin | 2024-21-05 |
So let's say you bought BTC on a CEX and sent it to a self-custody wallet. Then you send it from that self-custody wallet to Bitrefill.
This is all very traceable back to your CEX KYC information. Sooner or later, the IRS will go back through all sorts of blockchain transactions and map them back to CEX addresses with KYC'd info and come knocking for people that didn't report and pay their self-custody-spent crypto taxes. | r/bitcoin | So let's say you bought BTC on a CEX and sent it to a self-custody wallet. Then you send it from that self-custody wallet to Bitrefill.
This is all very traceable back to your CEX KYC information. Sooner or later, the IRS will go back through all sorts of blockchain transactions and map them back to CEX addresses with KYC'd info and come knocking for people that didn't report and pay their self-custody-spent crypto taxes. | r/Bitcoin | 2024-21-05 |
Bitswap.com.au if you are in Australia. Edit: looks like they no longer exist. | r/bitcoin | Bitswap.com.au if you are in Australia. Edit: looks like they no longer exist. | r/Bitcoin | 2024-21-05 |
coins are gone bro | r/bitcoin | coins are gone bro | r/Bitcoin | 2024-21-05 |
Nah man nah. Bitcoin Company doesn't need your real info. They donate to opensats. And they dont support shitcoins. | r/bitcoin | Nah man nah. Bitcoin Company doesn't need your real info. They donate to opensats. And they dont support shitcoins. | r/Bitcoin | 2024-21-05 |
They would only know if they audited you. | r/bitcoin | They would only know if they audited you. | r/Bitcoin | 2024-21-05 |
Ok Agent Rosco, no I can’t recall | r/bitcoin | Ok Agent Rosco, no I can’t recall | r/Bitcoin | 2024-21-05 |
My company sells engagement rings, wedding rings, and jewelry and accepts BTC (and has the last 9 years). Don’t want to post self promotion so won’t mention company website but the name is Do Amore.
Several out there doing individual products and brands - but few marketplaces left. Most are closed now. | r/bitcoin | My company sells engagement rings, wedding rings, and jewelry and accepts BTC (and has the last 9 years). Don’t want to post self promotion so won’t mention company website but the name is Do Amore.
Several out there doing individual products and brands - but few marketplaces left. Most are closed now. | r/Bitcoin | 2024-21-05 |
Dang, i'd like to buy an AI girlfriend with BTC, anybody knows the website? | r/bitcoin | Dang, i'd like to buy an AI girlfriend with BTC, anybody knows the website? | r/Bitcoin | 2024-21-05 |
r/bitcoin | r/Bitcoin | 2024-20-05 |
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Is this good or bad for BTC? CBDC is a competitor to BTC right? | r/bitcoin | Is this good or bad for BTC? CBDC is a competitor to BTC right? | r/Bitcoin | 2024-20-05 |
It's good for human liberty. | r/bitcoin | It's good for human liberty. | r/Bitcoin | 2024-20-05 |
It is ... how so? | r/bitcoin | It is ... how so? | r/Bitcoin | 2024-20-05 |
How is central bank digital currency good for freedom? It’s literally a digital fiat currency that would essentially allow EVERY transaction ever to be traced.
Along with the implications of validators/nodes controlled by a central entity deciding what wallets are valid. What wallets aren’t valid, complete control of the money supply like we already have (IN THE US)
Edit: I would argue the entire reason those who have flocked to crypto was to escape central banking, not necessarily because of it being a digital currency, most of our currency doesn’t exist in the real world anyways, it’s produced digitally
Allowing a central bank to use a digital currency just allows for all transactions to be tracked now, as well as BLOCKED, halted ect, all that can be foreseen with cbdc is more oversight, restrictions and taxation against our will. No good can come from cbdc.
All I see is a central entity grasping for more power than it already has. | r/bitcoin | How is central bank digital currency good for freedom? It’s literally a digital fiat currency that would essentially allow EVERY transaction ever to be traced.
Along with the implications of validators/nodes controlled by a central entity deciding what wallets are valid. What wallets aren’t valid, complete control of the money supply like we already have (IN THE US)
Edit: I would argue the entire reason those who have flocked to crypto was to escape central banking, not necessarily because of it being a digital currency, most of our currency doesn’t exist in the real world anyways, it’s produced digitally
Allowing a central bank to use a digital currency just allows for all transactions to be tracked now, as well as BLOCKED, halted ect, all that can be foreseen with cbdc is more oversight, restrictions and taxation against our will. No good can come from cbdc.
All I see is a central entity grasping for more power than it already has. | r/Bitcoin | 2024-20-05 |
> How is central bank digital currency good for freedom?
I was talking about the bill opposing CDBC. I'm against any kind of CBDC. | r/bitcoin | > How is central bank digital currency good for freedom?
I was talking about the bill opposing CDBC. I'm against any kind of CBDC. | r/Bitcoin | 2024-20-05 |
CBDC is the perfect tool for dictators and despots. | r/bitcoin | CBDC is the perfect tool for dictators and despots. | r/Bitcoin | 2024-20-05 |
Yes, the founding fathers warned us against the dangers of cryptographic currency. The American Revolution was fought to free us from exactly that type of digital technology. | r/bitcoin | Yes, the founding fathers warned us against the dangers of cryptographic currency. The American Revolution was fought to free us from exactly that type of digital technology. | r/Bitcoin | 2024-20-05 |
Ah total misunderstanding haha, same page here | r/bitcoin | Ah total misunderstanding haha, same page here | r/Bitcoin | 2024-20-05 |
Does this guy even know what a CBDC is or how it will be implemented? Would this bill prevent consolidation of commercial bank balance sheets onto the Fed's balance sheet? Would it prevent the Fed from connecting to Swift Sandbox? | r/bitcoin | Does this guy even know what a CBDC is or how it will be implemented? Would this bill prevent consolidation of commercial bank balance sheets onto the Fed's balance sheet? Would it prevent the Fed from connecting to Swift Sandbox? | r/Bitcoin | 2024-20-05 |
Should be a bipartisan issue | r/bitcoin | Should be a bipartisan issue | r/Bitcoin | 2024-20-05 |
Name one thing that changes from current digital transaction. | r/bitcoin | Name one thing that changes from current digital transaction. | r/Bitcoin | 2024-20-05 |
lol what | r/bitcoin | lol what | r/Bitcoin | 2024-20-05 |
Imagine all your money is tracked (it already is). Paper money is removed. You no longer have the ability to transact anonymously. What's more is the government now not only has the ability to track your spending, but to turn on and off various vectors of your spending. Tax bill overdue? Any "entertainment" spending is now denied. Don't like your social actives? Bars, casino's, clubs turned off. Government decides we need to enter a state of emergency? Any "non-discretionary" spending is blocked.
Dystopian? Sure. Likely? Probably not to this degree. But possible? Yes. | r/bitcoin | Imagine all your money is tracked (it already is). Paper money is removed. You no longer have the ability to transact anonymously. What's more is the government now not only has the ability to track your spending, but to turn on and off various vectors of your spending. Tax bill overdue? Any "entertainment" spending is now denied. Don't like your social actives? Bars, casino's, clubs turned off. Government decides we need to enter a state of emergency? Any "non-discretionary" spending is blocked.
Dystopian? Sure. Likely? Probably not to this degree. But possible? Yes. | r/Bitcoin | 2024-20-05 |
I've been saying this for years that CBDC will never come in.
and I base this on. 99% of your average joes pay their taxes they have no fear of a CBDC it will make zero difference too them
the balance in a bank account is just numbers as long as they can get the same purchase value it means nothing how they are stored
but the people who it will make a difference for are the criminals, politicians and bankers once they find out everyone can see their money and trace it and it leaves a permanent record
with no way to hide from taxes ,bribery ,theft
CBDC will be tossed into a bin
because no matter what protections they put into place today, it wont stop another group coming to power and changing the protections in the future
and what they want is to conduct their low lives now and live in peace when they retire but with a CBDC their activities might come to light a long time down the road | r/bitcoin | I've been saying this for years that CBDC will never come in.
and I base this on. 99% of your average joes pay their taxes they have no fear of a CBDC it will make zero difference too them
the balance in a bank account is just numbers as long as they can get the same purchase value it means nothing how they are stored
but the people who it will make a difference for are the criminals, politicians and bankers once they find out everyone can see their money and trace it and it leaves a permanent record
with no way to hide from taxes ,bribery ,theft
CBDC will be tossed into a bin
because no matter what protections they put into place today, it wont stop another group coming to power and changing the protections in the future
and what they want is to conduct their low lives now and live in peace when they retire but with a CBDC their activities might come to light a long time down the road | r/Bitcoin | 2024-20-05 |
Well lord have mercy, if it's down-right un-American, then it must be something I don't understand. | r/bitcoin | Well lord have mercy, if it's down-right un-American, then it must be something I don't understand. | r/Bitcoin | 2024-21-05 |
Just another virtue signal to the low-information types. All modern currencies are entirely digital already. | r/bitcoin | Just another virtue signal to the low-information types. All modern currencies are entirely digital already. | r/Bitcoin | 2024-21-05 |
The beginning of the end for government issued money | r/bitcoin | The beginning of the end for government issued money | r/Bitcoin | 2024-21-05 |
Yes I believe that’s what he meant now 🤙 | r/bitcoin | Yes I believe that’s what he meant now 🤙 | r/Bitcoin | 2024-21-05 |
Not what he wrote. | r/bitcoin | Not what he wrote. | r/Bitcoin | 2024-21-05 |
That again is a change from cash, not from current digital transactions. | r/bitcoin | That again is a change from cash, not from current digital transactions. | r/Bitcoin | 2024-21-05 |
> not allowing you to buy certain things
Already the case.
> expiration dates on the cbdc
Is that a proposal? | r/bitcoin | > not allowing you to buy certain things
Already the case.
> expiration dates on the cbdc
Is that a proposal? | r/Bitcoin | 2024-21-05 |
> The further disruption of privacy, transactions of any scale, can be monitored due to all info being streamlined on the block chain
Not all information is on the blockchain.
> Worst of all, Under a CENTRALIZED entity controlling a digital currency, source code could (I argue “would”) burn coins of wallets that, for lack of a better term “misbehave”
Already the case with the police seizing things.
> Source code could literally have anything in the back end. Automatic changes in the rate of taxation at any given moment. And WOULD change at any time due to being possible via block chain
It can only change as fast as the law to change it changes, which is exactly the same speed as it is currently.
And all coded changes are known, so exactly as current tax law.
> Aside from possibly removing the need for most people to have to interact with a bank for savings
Wouldn't the entity being responsible still be a bank, that is being interacted with?
> what would you argue is actually good about a CBDC?
Nothing. | r/bitcoin | > The further disruption of privacy, transactions of any scale, can be monitored due to all info being streamlined on the block chain
Not all information is on the blockchain.
> Worst of all, Under a CENTRALIZED entity controlling a digital currency, source code could (I argue “would”) burn coins of wallets that, for lack of a better term “misbehave”
Already the case with the police seizing things.
> Source code could literally have anything in the back end. Automatic changes in the rate of taxation at any given moment. And WOULD change at any time due to being possible via block chain
It can only change as fast as the law to change it changes, which is exactly the same speed as it is currently.
And all coded changes are known, so exactly as current tax law.
> Aside from possibly removing the need for most people to have to interact with a bank for savings
Wouldn't the entity being responsible still be a bank, that is being interacted with?
> what would you argue is actually good about a CBDC?
Nothing. | r/Bitcoin | 2024-21-05 |
So they can impose negative rates on a debit card? They can force you to use a credit card or face losing money? | r/bitcoin | So they can impose negative rates on a debit card? They can force you to use a credit card or face losing money? | r/Bitcoin | 2024-21-05 |
The federal reserve is un American, but that still exists. Ban all cbdc everywhere should be the response from all govt. | r/bitcoin | The federal reserve is un American, but that still exists. Ban all cbdc everywhere should be the response from all govt. | r/Bitcoin | 2024-21-05 |
But you can’t track dollars if not digital, and you can’t create a social credit score with dollars. Just ask Chinese people if there’s a difference. | r/bitcoin | But you can’t track dollars if not digital, and you can’t create a social credit score with dollars. Just ask Chinese people if there’s a difference. | r/Bitcoin | 2024-21-05 |
I've lived in China, have you? But either way, it's irrelevant to the discussion. The usage of cash has zero to do with the fact that all modern currencies today are digital, and the amount of cash available is a fraction of the total amount of money in 'circulation'. | r/bitcoin | I've lived in China, have you? But either way, it's irrelevant to the discussion. The usage of cash has zero to do with the fact that all modern currencies today are digital, and the amount of cash available is a fraction of the total amount of money in 'circulation'. | r/Bitcoin | 2024-21-05 |
That’s a different conversation. We all know how money is “printed”. But a CBDC is a whole new level of Big Brother having control. | r/bitcoin | That’s a different conversation. We all know how money is “printed”. But a CBDC is a whole new level of Big Brother having control. | r/Bitcoin | 2024-21-05 |
It's a bogeyman used as a virtue signal to get low information types to froth at the mouth, and nothing more. Currencies are already digital. | r/bitcoin | It's a bogeyman used as a virtue signal to get low information types to froth at the mouth, and nothing more. Currencies are already digital. | r/Bitcoin | 2024-21-05 |
Conspiracy hour: Wall Street it's actually Satoshi Nakamoto.
🚀📈 | r/bitcoin | Conspiracy hour: Wall Street it's actually Satoshi Nakamoto.
🚀📈 | r/Bitcoin | 2024-21-05 |
You mean like a credit score? | r/bitcoin | You mean like a credit score? | r/Bitcoin | 2024-21-05 |
A currency has sfa to do with social scores. Just another sound-bite that gets tossed around by youtube influencers to drive up engagement. You already have social scores; It's called your credit history. What it really demonstrates is how few people have the life expererience to even know what *that* is. | r/bitcoin | A currency has sfa to do with social scores. Just another sound-bite that gets tossed around by youtube influencers to drive up engagement. You already have social scores; It's called your credit history. What it really demonstrates is how few people have the life expererience to even know what *that* is. | r/Bitcoin | 2024-21-05 |
Just follow the money. Whenever you see something like this you know there’s some rich geezer steering the ship. This guy is on the take! | r/bitcoin | Just follow the money. Whenever you see something like this you know there’s some rich geezer steering the ship. This guy is on the take! | r/Bitcoin | 2024-21-05 |
No.
A credit score doesn't affect you when you pay in cash. | r/bitcoin | No.
A credit score doesn't affect you when you pay in cash. | r/Bitcoin | 2024-21-05 |
You know *nothing* about nigeria nor china except what youtube influencers tell you. | r/bitcoin | You know *nothing* about nigeria nor china except what youtube influencers tell you. | r/Bitcoin | 2024-21-05 |
Commie Based Death Currency (CBDC) | r/bitcoin | Commie Based Death Currency (CBDC) | r/Bitcoin | 2024-21-05 |
social credit score. | r/bitcoin | social credit score. | r/Bitcoin | 2024-21-05 |
Can't trust the Americans | r/bitcoin | Can't trust the Americans | r/Bitcoin | 2024-21-05 |
WEF and Deep State want total control of citizens of every country. Aits thr New World Order. God said its nit going to happen at this time. People, stand up for freedom and do not give your freedom to your government. | r/bitcoin | WEF and Deep State want total control of citizens of every country. Aits thr New World Order. God said its nit going to happen at this time. People, stand up for freedom and do not give your freedom to your government. | r/Bitcoin | 2024-21-05 |
Not just that. It gets worse. Imagine another "pandemic" where they geo-lock down where and when you can shop. | r/bitcoin | Not just that. It gets worse. Imagine another "pandemic" where they geo-lock down where and when you can shop. | r/Bitcoin | 2024-21-05 |
We’re going to be enslaved if that is allowed to happen | r/bitcoin | We’re going to be enslaved if that is allowed to happen | r/Bitcoin | 2024-21-05 |
Except it is even worse,then they will know everything you buy and can prevent you from making certain purchases.if you don’t fall in line with their agendas,they can’t cut off your money supply.CBDC is a tyrannical government’s went dream | r/bitcoin | Except it is even worse,then they will know everything you buy and can prevent you from making certain purchases.if you don’t fall in line with their agendas,they can’t cut off your money supply.CBDC is a tyrannical government’s went dream | r/Bitcoin | 2024-21-05 |
Wrong! BTC cannot fail and just become second best. If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability. Trust and confidence, which are crucial and currently tied to BTC, will be jeopardized. If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin' | r/bitcoin | Wrong! BTC cannot fail and just become second best. If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability. Trust and confidence, which are crucial and currently tied to BTC, will be jeopardized. If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin' | r/Bitcoin | 2024-21-05 |
They already know everything you buy.
They can now prevent you from making certain purchases (like alcohol and cigarettes).
They can freeze your accounts. | r/bitcoin | They already know everything you buy.
They can now prevent you from making certain purchases (like alcohol and cigarettes).
They can freeze your accounts. | r/Bitcoin | 2024-21-05 |
They already know everything you buy when you pay with a card.as bad as the physical fiat currency is,they have no way to trace everything you buy.you go cash your paycheck and withdraw cash.you can go buy all kinds of untraceable things.don’t get me wrong,I’m not championing fiat currency at all but being able to get cash gives us a freedom that CBDC strips away.with CBDC,they can easily limit the amount of gasoline,meat,etc you can buy per month.if you speak out against the government or don’t fall in line with what ever ridiculous tyrannical rules they lay out for you,they can cutoff your money all together.
If you refuse to do as you’re told,they can cutoff your access to the CBDC.after you have to watch your family starve for a few days,you will have no choice but falling in line.this is the very reason they want to force the CBDC on us.they sunk their claws in America when the First Bank of America was created(later becoming the Second Bank of America and today the Federal Reserve).it has been used as a control mechanism since its inception.the CBDC is the end of the road to total control | r/bitcoin | They already know everything you buy when you pay with a card.as bad as the physical fiat currency is,they have no way to trace everything you buy.you go cash your paycheck and withdraw cash.you can go buy all kinds of untraceable things.don’t get me wrong,I’m not championing fiat currency at all but being able to get cash gives us a freedom that CBDC strips away.with CBDC,they can easily limit the amount of gasoline,meat,etc you can buy per month.if you speak out against the government or don’t fall in line with what ever ridiculous tyrannical rules they lay out for you,they can cutoff your money all together.
If you refuse to do as you’re told,they can cutoff your access to the CBDC.after you have to watch your family starve for a few days,you will have no choice but falling in line.this is the very reason they want to force the CBDC on us.they sunk their claws in America when the First Bank of America was created(later becoming the Second Bank of America and today the Federal Reserve).it has been used as a control mechanism since its inception.the CBDC is the end of the road to total control | r/Bitcoin | 2024-21-05 |
> If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability
Welcome to the marketplace. This is how real life functions.
> If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin'
I think the biggest risk to BTC of failure is the possibility of not adapting to change. I.e. **governance**. Take a look at history and see all the hard forks. I guarantee you there will be hard fork events in the future:
1. To convert BTC to proof of stake for "save the planet" reasons
2. When quantum computing becomes a threat
During these hard fork events there will be periods of instability.
That is why economists always say that market leaders are typically the goods & services that provide the best *use & utility* to the customer.
BTC is #1 right now because it has the best combination of security, decentralization, regulatory clarity, adoption, store of value, etc... | r/bitcoin | > If it does, it means the new number one will also always be at risk of being overthrown, leading to constant instability
Welcome to the marketplace. This is how real life functions.
> If BTC fails, any new contenders will struggle significantly with adoption and acceptance, as there will already be a precedent of a failed 'Bitcoin'
I think the biggest risk to BTC of failure is the possibility of not adapting to change. I.e. **governance**. Take a look at history and see all the hard forks. I guarantee you there will be hard fork events in the future:
1. To convert BTC to proof of stake for "save the planet" reasons
2. When quantum computing becomes a threat
During these hard fork events there will be periods of instability.
That is why economists always say that market leaders are typically the goods & services that provide the best *use & utility* to the customer.
BTC is #1 right now because it has the best combination of security, decentralization, regulatory clarity, adoption, store of value, etc... | r/Bitcoin | 2024-21-05 |
But if you still have cash you can still buy those things. If we get a CBDC, it won't be long before physical cash is phased out. | r/bitcoin | But if you still have cash you can still buy those things. If we get a CBDC, it won't be long before physical cash is phased out. | r/Bitcoin | 2024-21-05 |
One way or another, now or later, all politicians play the game! | r/bitcoin | One way or another, now or later, all politicians play the game! | r/Bitcoin | 2024-21-05 |
The idea of the Fed CBDC would mean KYC and your wallet account addresses could be controlled by the Government by them freezing or determining what you could purchase, access to private account keys, etc. Scary fucking thing so I hope this ANTI- CBDC bill passes with fitting colors!! | r/bitcoin | The idea of the Fed CBDC would mean KYC and your wallet account addresses could be controlled by the Government by them freezing or determining what you could purchase, access to private account keys, etc. Scary fucking thing so I hope this ANTI- CBDC bill passes with fitting colors!! | r/Bitcoin | 2024-21-05 |
🤡 | r/bitcoin | 🤡 | r/Bitcoin | 2024-21-05 |
You are also missing a critical distinction. Comparing Bitcoin to traditional market assets misses the point. Bitcoin isn’t just another asset; it’s a revolution in how we think about money and trust. The longer it’s around, the more people trust it—thanks to the Lindy effect. It’s not just utility; it’s the network effect and the massive trust it has built. If BTC fails, good luck getting people to trust another ‘better’ coin with a history of failed predecessor. Its value is in the trust and stability it has built over years, which isn’t easily replicated by any new contender.
The idea that BTC is at risk due to governance issues ignores reality. Hard forks and debates aren’t signs of instability; they show a community that’s willing to adapt and improve. Bitcoin's been through countless challenges and has come out stronger every time.
Quantum computing as a threat? Sure, but it’s not happening tomorrow. And it's not like the community is not aware of this and will just leave BTC as is.
And let’s talk adoption. Bitcoin’s got a head start that no other crypto can match. It’s the original, and its network effect is unmatched. Dismissing that is ignoring reality.
Any newcomer would face an uphill battle trying to match that legacy. Any coin can beat BTC at some aspects but no coin will beat BTC when it comes to trust. When it comes to money I think trust is the most important. | r/bitcoin | You are also missing a critical distinction. Comparing Bitcoin to traditional market assets misses the point. Bitcoin isn’t just another asset; it’s a revolution in how we think about money and trust. The longer it’s around, the more people trust it—thanks to the Lindy effect. It’s not just utility; it’s the network effect and the massive trust it has built. If BTC fails, good luck getting people to trust another ‘better’ coin with a history of failed predecessor. Its value is in the trust and stability it has built over years, which isn’t easily replicated by any new contender.
The idea that BTC is at risk due to governance issues ignores reality. Hard forks and debates aren’t signs of instability; they show a community that’s willing to adapt and improve. Bitcoin's been through countless challenges and has come out stronger every time.
Quantum computing as a threat? Sure, but it’s not happening tomorrow. And it's not like the community is not aware of this and will just leave BTC as is.
And let’s talk adoption. Bitcoin’s got a head start that no other crypto can match. It’s the original, and its network effect is unmatched. Dismissing that is ignoring reality.
Any newcomer would face an uphill battle trying to match that legacy. Any coin can beat BTC at some aspects but no coin will beat BTC when it comes to trust. When it comes to money I think trust is the most important. | r/Bitcoin | 2024-21-05 |
Hes right. Doesn’t matter what side you are on. The alternative is bitc, so if that pushes people from right of center more towards bitcoin, than good. Blue or red buyer is still a buyer. | r/bitcoin | Hes right. Doesn’t matter what side you are on. The alternative is bitc, so if that pushes people from right of center more towards bitcoin, than good. Blue or red buyer is still a buyer. | r/Bitcoin | 2024-21-05 |
You’re trying to push crypto to conservatives with an own-the-left sales pitch? TBH that might actually work. I see Trump accepting crypto donations as well. Truly BTC has hit mainstream. Wild times. | r/bitcoin | You’re trying to push crypto to conservatives with an own-the-left sales pitch? TBH that might actually work. I see Trump accepting crypto donations as well. Truly BTC has hit mainstream. Wild times. | r/Bitcoin | 2024-21-05 |
'You can still use cash.'...fast forward....'You can still use cash, but only on purchases under $5,000.'...fast forward....'You can still use cash, but only on purchases under $2000'....fast forward...'You can still use cash, but only on purchases under $600'.
Only after that would they then try to phase it out entirely - kind of like how 1099-MISC's amount kept getting lowered, it used to be 'don't worry it's only the professionals who make a living off Ebay that we want to know about, you need to receive over 20k to get one' and now it's 'oh, did you sell some spare crap you had laying around the house (that you've already paid income tax to afford, and sales tax to buy) and get $600 over the entire year? Well we want to know about that.' | r/bitcoin | 'You can still use cash.'...fast forward....'You can still use cash, but only on purchases under $5,000.'...fast forward....'You can still use cash, but only on purchases under $2000'....fast forward...'You can still use cash, but only on purchases under $600'.
Only after that would they then try to phase it out entirely - kind of like how 1099-MISC's amount kept getting lowered, it used to be 'don't worry it's only the professionals who make a living off Ebay that we want to know about, you need to receive over 20k to get one' and now it's 'oh, did you sell some spare crap you had laying around the house (that you've already paid income tax to afford, and sales tax to buy) and get $600 over the entire year? Well we want to know about that.' | r/Bitcoin | 2024-22-05 |
Digital dollar - you have the central bank, federal reserve, national banks, local banks, and then you. You might have an account at numerous banks all with different account numbers. If Chase spurns you maybe you do business with Citi, or with a local credit union. Spending is segmented - Citi/Chase might be willing to sell your spending activity, but usually not directly selling it to Chase/Citi/their competitor on an ongoing daily basis.
CBDC - you eliminate a lot of that, you are doing direct business with the central bank. If they don't want you spending money because you said something or did something they didn't like (or maybe they just don't like what you are spending money on) they can just turn your access off - you can't storm off and use a different central bank because there's just the one. Since there's just the one they also know all your usage. No pesky having to ask a bank to turn over the information - they have it all immediately available. | r/bitcoin | Digital dollar - you have the central bank, federal reserve, national banks, local banks, and then you. You might have an account at numerous banks all with different account numbers. If Chase spurns you maybe you do business with Citi, or with a local credit union. Spending is segmented - Citi/Chase might be willing to sell your spending activity, but usually not directly selling it to Chase/Citi/their competitor on an ongoing daily basis.
CBDC - you eliminate a lot of that, you are doing direct business with the central bank. If they don't want you spending money because you said something or did something they didn't like (or maybe they just don't like what you are spending money on) they can just turn your access off - you can't storm off and use a different central bank because there's just the one. Since there's just the one they also know all your usage. No pesky having to ask a bank to turn over the information - they have it all immediately available. | r/Bitcoin | 2024-22-05 |
So what you're saying is there's no change. That relationship *already exists*. You can't even explain how anything would be different except to say "muh new relationship that you never even knew existed now don't know exists." In order for your delusional fantasy to exist (every transaction being monitored by a central bank) it would require every payment terminal in the world to record and transmit payment data to a central bank, and for it to be validated. That's your thinking. Unless you're saying it's done by the bank... which is exactly the system we have now.
Ya need to stop watching so much youtube. | r/bitcoin | So what you're saying is there's no change. That relationship *already exists*. You can't even explain how anything would be different except to say "muh new relationship that you never even knew existed now don't know exists." In order for your delusional fantasy to exist (every transaction being monitored by a central bank) it would require every payment terminal in the world to record and transmit payment data to a central bank, and for it to be validated. That's your thinking. Unless you're saying it's done by the bank... which is exactly the system we have now.
Ya need to stop watching so much youtube. | r/Bitcoin | 2024-22-05 |
Who said it isnt?
https://experts.bitwiseinvestments.com/cio-memos/the-shocking-alliance-that-could-drive-us-to-new-all-time-highs
Slowly THEN suddenly | r/bitcoin | Who said it isnt?
https://experts.bitwiseinvestments.com/cio-memos/the-shocking-alliance-that-could-drive-us-to-new-all-time-highs
Slowly THEN suddenly | r/Bitcoin | 2024-22-05 |
I’m not trying to push crypto anywhere. You assume.
Both Trump and Biden can burn in hell, along with the regime that’s run this shit for 100s of years.
You think you know…. Pft. | r/bitcoin | I’m not trying to push crypto anywhere. You assume.
Both Trump and Biden can burn in hell, along with the regime that’s run this shit for 100s of years.
You think you know…. Pft. | r/Bitcoin | 2024-22-05 |
Half court windmill my man. | r/bitcoin | Half court windmill my man. | r/Bitcoin | 2024-23-05 |
You appear to be confused by what the acronym CBDC means. It literally means central bank digital currency. And yes, to support it payment terminals would have to have their software updated - you add support via mobile apps and tap to pay initially, and down the road expand it's usage.
None of this is hypothetical - China has already started their rollout of a CBDC yuan across several major Chinese cities. Their central bank (People's Bank of China) even directly states 'Transactions are completed instantaneously because intermediaries, namely banks, are not required to participate in the exchange.' Everything goes through the central bank - you do a transaction, merchant terminal checks in, relays the transaction details, the central bank approves/denies the transaction and deducts that from your account balance. Central bank doesn't want you spending digital yuan at that type of shop? Then you can't. They want to impose a 20% tax on that merchant category this week? Easy as can be. They just don't like YOU as an individual this week - sorry, you're out of luck. | r/bitcoin | You appear to be confused by what the acronym CBDC means. It literally means central bank digital currency. And yes, to support it payment terminals would have to have their software updated - you add support via mobile apps and tap to pay initially, and down the road expand it's usage.
None of this is hypothetical - China has already started their rollout of a CBDC yuan across several major Chinese cities. Their central bank (People's Bank of China) even directly states 'Transactions are completed instantaneously because intermediaries, namely banks, are not required to participate in the exchange.' Everything goes through the central bank - you do a transaction, merchant terminal checks in, relays the transaction details, the central bank approves/denies the transaction and deducts that from your account balance. Central bank doesn't want you spending digital yuan at that type of shop? Then you can't. They want to impose a 20% tax on that merchant category this week? Easy as can be. They just don't like YOU as an individual this week - sorry, you're out of luck. | r/Bitcoin | 2024-23-05 |
Cash is way better then a cbdc even if cash is still a scam crap pile on its way to nothing I can still at least purchase something without big brothers eyes being able to peer in | r/bitcoin | Cash is way better then a cbdc even if cash is still a scam crap pile on its way to nothing I can still at least purchase something without big brothers eyes being able to peer in | r/Bitcoin | 2024-23-05 |
Go to an atm first and use cash or don’t keep everything to begin with in an account | r/bitcoin | Go to an atm first and use cash or don’t keep everything to begin with in an account | r/Bitcoin | 2024-23-05 |
You have to just be trolling at this point - updating payment terminals and rolling out a mobile app is exactly how China rolled out their CBDC (and not having to go through banks is exactly something they’ve touted as a ‘benefit’). | r/bitcoin | You have to just be trolling at this point - updating payment terminals and rolling out a mobile app is exactly how China rolled out their CBDC (and not having to go through banks is exactly something they’ve touted as a ‘benefit’). | r/Bitcoin | 2024-23-05 |
Your submission has been flagged for removal because it pertains primarily to altcoin discussion and/or promotion. Altcoins are off topic for the Bitcoin subreddit. Please post in the subreddit appropriate to that altcoin instead. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged for removal because it pertains primarily to altcoin discussion and/or promotion. Altcoins are off topic for the Bitcoin subreddit. Please post in the subreddit appropriate to that altcoin instead. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-20-05 |
r/bitcoin | r/Bitcoin | 2024-20-05 |
||
lol as someone who likes trolley problem this good | r/bitcoin | lol as someone who likes trolley problem this good | r/Bitcoin | 2024-20-05 |
You do know the track switch doesn't actually work, don't you? | r/bitcoin | You do know the track switch doesn't actually work, don't you? | r/Bitcoin | 2024-21-05 |
The first scenario isn't a metaphor for money. It's the original "trolly problem," a moral dilemma specifically meant to force you to think about what choice you would make in that situation. | r/bitcoin | The first scenario isn't a metaphor for money. It's the original "trolly problem," a moral dilemma specifically meant to force you to think about what choice you would make in that situation. | r/Bitcoin | 2024-21-05 |
neither should you | r/bitcoin | neither should you | r/Bitcoin | 2024-21-05 |
Nobody knows
Nobody knows
Nobody knows
Nobody knows
Nobody knows | r/bitcoin | Nobody knows
Nobody knows
Nobody knows
Nobody knows
Nobody knows | r/Bitcoin | 2024-20-05 |
No idea. Predicting short term bitcoin markets it’s pseudoscience | r/bitcoin | No idea. Predicting short term bitcoin markets it’s pseudoscience | r/Bitcoin | 2024-20-05 |
Breakout. Greyscale outflows have finished, while at the same time the 90 day period it takes to add the ETF's to products has completed and we now have institutions piling into the ETFs.
70k next week. | r/bitcoin | Breakout. Greyscale outflows have finished, while at the same time the 90 day period it takes to add the ETF's to products has completed and we now have institutions piling into the ETFs.
70k next week. | r/Bitcoin | 2024-20-05 |
Your submission has been flagged for removal because it pertains to general trading or market discussion, whereas r/Bitcoin tries to be less price oriented. Please visit r/BitcoinMarkets. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged for removal because it pertains to general trading or market discussion, whereas r/Bitcoin tries to be less price oriented. Please visit r/BitcoinMarkets. Thank you.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-20-05 |
Classic bull trap | r/bitcoin | Classic bull trap | r/Bitcoin | 2024-20-05 |
>70k ~~next~~ this week | r/bitcoin | >70k ~~next~~ this week | r/Bitcoin | 2024-20-05 |
Breakout baby let’s go!!!!! | r/bitcoin | Breakout baby let’s go!!!!! | r/Bitcoin | 2024-20-05 |
We've been in a 15yr breakout. 😊 | r/bitcoin | We've been in a 15yr breakout. 😊 | r/Bitcoin | 2024-20-05 |
100k august ? I need it 100k | r/bitcoin | 100k august ? I need it 100k | r/Bitcoin | 2024-20-05 |
I predict it will either go up or down | r/bitcoin | I predict it will either go up or down | r/Bitcoin | 2024-20-05 |
Who cares, eyes on the horizon! | r/bitcoin | Who cares, eyes on the horizon! | r/Bitcoin | 2024-20-05 |
I know, my dad is CEO of bitcoin. | r/bitcoin | I know, my dad is CEO of bitcoin. | r/Bitcoin | 2024-20-05 |
Summer? Unlikely | r/bitcoin | Summer? Unlikely | r/Bitcoin | 2024-20-05 |
70k today | r/bitcoin | 70k today | r/Bitcoin | 2024-20-05 |
125k by Jan 1 no idea when or how but I do believe we break out and climb 60k | r/bitcoin | 125k by Jan 1 no idea when or how but I do believe we break out and climb 60k | r/Bitcoin | 2024-20-05 |
But mods allow price prediction AI generated clickbait articles?! | r/bitcoin | But mods allow price prediction AI generated clickbait articles?! | r/Bitcoin | 2024-20-05 |
Stuposcience | r/bitcoin | Stuposcience | r/Bitcoin | 2024-20-05 |
I tend to agree. | r/bitcoin | I tend to agree. | r/Bitcoin | 2024-20-05 |
The Hermit has spoken. | r/bitcoin | The Hermit has spoken. | r/Bitcoin | 2024-20-05 |
Well look at you, good call! | r/bitcoin | Well look at you, good call! | r/Bitcoin | 2024-20-05 |
Your submission has been flagged and removed because it appears that you are begging for money. If you would like to beg, please visit r/BitcoinBeggars.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/bitcoin | Your submission has been flagged and removed because it appears that you are begging for money. If you would like to beg, please visit r/BitcoinBeggars.
^^I ^^am ^^a ^^bot ^^and ^^cannot ^^respond. ^^Please ^^contact ^^r/Bitcoin ^^moderators [^^directly ^^via ^^mod ^^mail](https://www.reddit.com/message/compose?to=%2Fr%2FBitcoin) ^^if ^^you ^^have ^^questions. | r/Bitcoin | 2024-20-05 |
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