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Bitcoin was designed as a method for peer-to-peer exchanges (see quote from Satoshi in sig). It was not originally intended to support tokens or smart contracts.
Bitcoin has essentially become digital gold. These changes are breaking the network and eroding the years of trust that Bitcoin has created. This is what gives it value.
Bitcoin will never offer the transactions per second to support these type of transactions. There are many altcoins that do a better job of providing this utility. Let them do that.
The change to allow BRC-20 in Taproot needs to be rolled back. This is a dangerous, fatal flaw to the network that could be used to bring an end to Bitcoin.
What are your thoughts? Should BRC-20 be removed? What is the best way to do this?
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***SOLD***Proof picture - $500 shipped (each) - 1/4oz Royal Mint Gold Britannia - $2000 shipped - 1oz Royal Mint Gold BritanniaPayment in BTC only. Rate will be based on whatever the current conversion rate is at Coinbase at the time we make the deal. FREE Priority Mail shipping. Registered mail is optional @ $18 per $1000 and I will only ship on Saturday. Coins will be secured in Air-Tite containers before shipping, wrapped in bubble wrap and secured within the box. Boxes will be sealed with clear packaging tape. Once in the hands of USPS I take no responsibility for final delivery. Tracking numbers will be provided.
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What are some of the best ways to convert fiat to Bitcoin, without having to provide identification to a third party? Ideally something that would work in high volumes, electronically and at low cost of conversion. Some methods: *Cash in person *Money orders * BTC ATMs without KYC or security cameras (are there any?) *Bisq (various methods) What else? Update with others: *Mining *Reselling goods *AgoraDesk *LocalMonero *LocalCryptos *Remitano *https://bitcointalk.org/index.php?topic=5270416.0
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Mods, I urge you to add this to important announcements. This is a PSA for the USA.
The US "infrastructure" bill passed the Senate and House. It will be signed by the President in the next few days. When this is done, all US citizens engaging in mining, development, running a node (i.e. running Bitcoin core) will be legally "brokers". These activities will now be felonies, by federal law, since reporting is impossible. Additionally, transferring >$10k without recipient's SS#, etc. will be a felony. Staking for proof-of-stake (PoS) cryptos, NFTs and sending money via DeFi are also now felonies. DeFi is dead. Privacy is also effectively banned. If you live in the US, please make considerations for all your crypto activities, before this bill becomes law.
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The House of Representatives is voting on the 27th to require that the recipient of Bitcoin (and other cryptocurrencies) report the social security number, sender’s name, birth date, address and profession for total amounts >$10,000 from one entity (i.e. Binance, CoinBase, PayPal, etc.). Failure to do this would be a FELONY! This is a de facto ban of cryptocurrencies in the United States, unless they are processed through big tech. https://www.nasdaq.com/articles/the-proposal-to-regulate-digital-asset-transactions-should-be-struck-2021-09-15An overlooked provision in the Senate-approved infrastructure bill1 would dramatically expand the government’s surveillance of Americans’ economic activity and diminish America’s role in developing an important new technology. ... The section 6050I proposal would impose onerous surveillance and reporting duties on all Americans, with fines or prison for those who fail (or perhaps are unable) to comply. ... In this hypothetical system of complete financial surveillance, “any person” means what it says (and includes businesses or other entities). “Receive” means, take possession for any reason. “Report it” means, first, to verify the payer’s name, birth date, address, profession, and Social Security or tax ID number. Then, to promptly send that information — along with the amount received and the reason for the transaction — to the government on a form signed under penalty of perjury. Contact your US House representative and tell them to vote against this "infrastructure bill". Here are the rest of the horrible provisions in this bill that also ban crypto mining and software development. This bill keeps getting worse and worse for the crypto industry, because no one is making any noise... Read detailed explanation in this reddit post (thanks dkbit98): https://www.reddit.com/r/CryptoCurrency/comments/pqm1ba/new_us_crypto_regulation_far_more_invasive_than/
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If you care about retaining privacy, mining or software development in the US, contact your US House representative to add an amendment to this bill. “As long as the statute says that software developers, miners, stakers must do the impossible, there is no lawyer who would advise them to risk operating in violation of laws whose penalties for non-compliance would easily bankrupt them,” he said, adding: “This will harm innovation and stifle the potential of a hugely important technology at its earliest stages of development [...] Tax policy should be thoughtful and deliberate. Broad overreach is a regulatory mistake.” https://www.coindesk.cc/coinbase-warns-infrastructure-bill-s-crypto-provisions-could-impact-20-of-us-population-39813.htmlDespite recent misinformation that this bill depends on the "interpretation" from the Treasury, ultimately the future of Bitcoin in the US will depend on whether the damaging crypto provisions in the "infrastructure" bill pass. This is a lie to get people to ignore the issue. The bill's wording can be interpreted however they want and they can choose to enforce this ban whenever they want. DeFi will also effectively be dead, in the US. The US will be little different than China, in this regard. Update: Damaging crypto provisions nearly locked in: The House Rules Committee, which drafts the terms of debate for bills headed to the floor, agreed to a process that would prohibit any amendments from being considered for the infrastructure bill. The full House was scheduled to vote to lock in the procedure Tuesday afternoon. The plan would also set up a floor vote on the infrastructure package by Sept. 27.
The House was set to close the door to infrastructure bill changes despite calls from Democrats and Republicans to pare back the cryptocurrency tax proposal that the Senate passed as part of the legislation earlier this month. Update 8/31/21 - Foreign exchange tracking to be added:: Citing an unnamed official within the Biden administration, Roll Call reported on Monday that the administration is looking to append provisions to the budget bill requiring U.S. digital asset firms report information on their foreign clients.
As with the infrastructure bill, the purpose of the potential regulation is to enhance tax compliance and boost tax revenues at the expense of the crypto industry. As per the official’s account, the U.S. government would then exchange the data on foreign nationals’ cryptocurrency-related activity with the respective governments to obtain information on U.S. citizens’ crypto operations overseas. Translation: no using a foreign exchange to obtain or exchange cryptocurrency for US citizens. Goodbye privacy.
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Is DeFi dead? This will encapsulate roughly 90% of the money in crypto. Let's look at what DeFi is supposed to offer: - Decentralized exchanges (DEXs) - Effectively banned.
- Stablecoins - to be replaced by CBDCs
- Lending platforms - Effectively banned or no different than banks.
- "Wrapped" bitcoins (WBTC) - still around, but limited utility.
- Prediction markets - are there any? Will likely be regulated as a security, in near future.
Is DeFi dead? What good is it anymore? What utility will altcoins like ADA even offer? It certainly seems like it will be in the US and Europe if residents don't make their voices heard to stop imminent crypto legislation.
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Great article on Bitcoin.com that people should read. Crypto has the potential to usurp the banks, allow private, digital transactions, serve as a universal currency, escape from rampant fiat inflation, etc. People need to wake up, be more active in politics and be stronger advocates against KYC. “A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” -Satoshi Nakamoto ... With this new U.S. infrastructure bill (now moved to the House of Representatives which is on recess until September 20), the EU’s plans to track all bitcoin transactions and ban anonymous wallets, the massive momentum CBDCs are gaining worldwide as countries responsible for 90% of the world’s GDP research and trial them — it is clear we are on the cusp of something unprecedented. Even the sacred realm of decentralized finance (defi) is no longer safe, with U.S. Securities and Exchange Commission Chairman Gary Gensler recently calling for more authority to regulate defi.
Contrary to Satoshi’s vision for peer-to-peer electronic cash without the need for a financial institution, the picture taking shape is one instead of complete, centralized, coercive control of private finance. Privacy and autonomy in money, in other words, are being made out as relics to be traded in for antiquated ideas of kings ruling peasants, disguised as modern and sensible “regulation.”
I think many retail investors in the US are Robinhooder types that have a "Bitcoin go up - me buy!" mentality. They don't realize what the loss of utility from anonymous P2P transactions will mean for Bitcoin. If Bitcoin is KYC, DeFi coins have no hope of replacing the traditional banking system and CBDCs are everywhere, why use Bitcoin at all? Governments will likely ban it in the future anyway. China and the US infrastructure bill have already set a precedent for banning mining and development in those countries.
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The US looks about to pass this infrastructure bill, which will have devastating impacts across all of crypto, if it passes: https://www.breitbart.com/politics/2021/07/29/cryptocurrency-tax-threatens-to-put-bipartisan-infrastructure-bill-in-upheaval/The proposal defines a digital asset as any “digital representation of value which is recorded on a cryptographically secured distributed ledger or any similar technology as specified by the [Treasury] Secretary.’’.
Kristin Smith, the executive director of the Blockchain Association, said that this could significantly ramp up reporting for businesses and Americans.
“We interpret this to mean software wallet developers, hardware wallet manufacturers, multisig service providers, liquidity providers, DAO token holders and potentially even miners,” Smith said. Contact your representatives!
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A possibility just crossed my mind, after thinking about what McAfee said - could crypto replace government? Let's say every person owned a smart contract cryptocurrency like Ethereum (or Cardano, Polkadot, etc.) If somehow it were designed in such a way that each person only had one vote and there were no centralized developers, we would have a pure democracy. Payment for local services could be decided based on smart contracts (defense, firefighting, police, licensing, etc.) Popularity contests would no longer decide politics. Social justice warriors would no longer be able to assault companies to bending to their will - people would remain anonymous. Privacy would again be valued. Crooked politicians and bribes would no longer allow politicians to slip in devastating legislation like the recent "infrastructure "bill's attempt to control all of crypto. Our currencies could no longer be devalued to pay elite politicians' friends in the financial industries. Could such a system of government work?
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$250 - 9 x 1oz Silver Britannia coins (2014) - These are all in AirTite holders and will come in one CapPlug.Prices are shipped. All items are shipped in US. I will ship via registered USPS mail after payment. Will accept Bitcoin, Zelle or PayPal FF. Proof picture:https://postimg.cc/nsWJwxTs***SOLD***$1900 - 1oz Gold Britannia BU Coin (2018) - Comes in an AirTite holder.My feedback: Trust| Heatware | eBay
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Prices are shipped. All items are shipped in US. I will ship via registered USPS mail after payment. Will accept Bitcoin, Zelle or money order. Open to escrow or middleman if buyer pays the fees. Proof picture***SOLD***$200 or equivalent BTC - 1/10oz Gold Britannia (2017). This is in an AirTite holder.$200 or equivalent BTC - 1/10oz Gold Britannia (1989). This is in a sealed container.My feedback:Trust| Heatware | eBay
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What is going on? Why can't I send? This is the error I am receiving from Bitcoin Core when I try to send bitcoins: "Can't generate a change address key. No keys in the internal keypool and can't generate any keys." https://postimg.cc/k2c76MRG
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Can anyone recommend a Zelle bank that does NOT give you a hard time on Zelle transfers?
I have tried 3: 1. One didn't work at all. 2. Another allowed small amounts and froze my account for larger amounts. 3. The last delayed transfers by 3-5 days.
I am moving moderate amounts of funds (<$2k), generally <$1k.
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Prices are shipped. All items are shipped in US. I will ship via registered USPS mail after payment. Will accept Bitcoin, Zelle or money order. Open to escrow or middleman if buyer pays the fees. Proof picture$475 or equivalent BTC - 1/4oz Gold Britannia (2017). This is in an AirTite holder. $475 or equivalent BTC - 1/4oz Gold Britannia (1989). This is in a sealed container. *** (SOLD) $1825 or equivalent BTC - 1oz Gold Britannia BU Coin (2020) that I purchased from JM Bullion. Comes in an AirTite holder. My feedback:Trust| Heatware | eBay
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Prices are shipped. All items are shipped in US. I will ship via registered USPS mail after payment. Will accept Bitcoin, Zelle or money order. Open to escrow or middleman if buyer pays the fees. Proof picture$1825 or equivalent BTC - 1oz Gold Britannia BU Coin (2020) that I purchased from JM Bullion. Comes in an AirTite holder. My feedback:Trust| Heatware | eBay
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Looking to exchange US $$$ for Bitcoin. Would like to purchase up to $3K+. Can send via Zelle or PayPal. May be open to alternatives. You must be willing to send first. I am willing to pay a premium. We can start in small amounts, if you want to establish trust. No ID, phone, etc! Only KYC is what is already provided through Zelle or PayPal. Message me with offers... My feedback: Heatware | eBay | Trust
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SOLD - Shipping is via USPS First Class or Priority within the US. All items are working and sold as is. I am located in Alpharetta, GA and accept Bitcoin, Zelle, check, money order or blech... PayPal. $600 shipped - Used AMD Ryzen 9 3950X - Comes in retail box with all original accessories. FYI, you need to supply your own cooler for this beast - AMD does not supply one. My feedback: Heatware | eBay
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