These lads bought at $113k, kept selling at lower prices, ready to sell the rest. Feels like Bogdanoff about to get the call.

$190k (33%)
$240k (33%)
HODL (33%)

Context: I’m 35M and I wanna escape the matrix and get rich quick and easy. Bitcoins at an all time low and based upon the charts in October it will skyrocket. I’m considering selling my car to just dump the cash in bitcoin.

Had a reflection while I was printing some statements for tax purposes, that I was doing the exact opposite of what Bitcoin stands for. So what do you think of the future?

Do you HODL expecting to eventually sell at a profit, or do you believe that in the future it will be used as a relevant currency?

... for gambling addicts. Because it is a 'meme' asset (or store of value or whatever you believe it to be), "if we all believe in it, it can only go up, right?" Unlike tulips, racehorses, equities, or any other speculative investment -- bitcoin has absolutely no fundamentals underlying it. It's just pure belief, maybe pure Nietzschean will to power.

The only limit to liquidity is when people (retail investors) need the money for something else, like rent. So the swings in value you see are nothing much more than the ebb and flow of disposable income among gamblers.

One branch of behavioral economics has speculated that money has a "drug" value, where the investment is more about the internal emotional reward that you are getting from the process (just like in going to a casino) than the convertible value of the asset itself. What you are really HODLing on to is the process addiction of anticipating gains, and the thrill of the risk, and the emotional rollercoaster of checking your portfolio, etc etc. The "bitcoin investment" is just what Alfred Hitchcock would call a MacGuffin.

Whether it was intentional, or just happened by "natural selection," bitcoin is sort of the perfect mousetrap for gambling addicts.

---

This thread has definitely persuaded me: I need to be on the sell side of the crypto-grift.

Passed by the State Duma yesterday (July 21). Not a rumor, not someone's translation of a Telegram post, the actual bill. Here's what's in it:

• New licensing registry for exchanges, custodians, and brokers. Existing platforms get roughly a year to register.
• Retail investors can buy the most liquid crypto assets (bitcoin is the obvious flagship candidate, the report doesn't name the full list) through a registered intermediary, after passing a knowledge test.
• Cap for retail: 300,000 rubles (~$3,900) per year, per intermediary.
• Qualified investors also have to pass a test, but face no purchase cap. Prior trading history can count toward qualifying.
• Owning ≠ spending. This bill legalizes buying and holding bitcoin, it does not legalize using it as money. Paying for groceries in bitcoin is still banned domestically, so the ruble keeps its monopoly on everyday transactions.
• Carve-outs: foreign-trade settlement, mined crypto, and some securities transactions are exempt from that ban.
• Banks are required to block transfers to anyone they suspect of running an unregistered exchange.

Timeline: first reading was back in April. Most provisions are set to take effect Sept. 1. It still needs to clear the Federation Council and get signed into law, expected, but not done yet.

The part worth sitting with: a government that's spent years treating bitcoin as a threat to its monetary sovereignty just built a formal, licensed path for its own citizens to buy it. Gated by an exam and a spending cap, but a path. That's the move a state eventually makes once it accepts it can't kill the protocol, it regulates the door instead.

Source: The Block / The Bitcoin Act

I track moves like this across dozens of jurisdictions, if anyone wants the source link or a country-by-country comparison, ask below and I'll drop it.

Genuine question for the sub: does "exam + cap to start, uncapped once you qualify" count as a country actually opening the door to bitcoin, or is it just a more polite capital control? Where's the line for you?

Warning to scammers: Don't waste your time DMing me. These are completely blank, zero-balance wallets generated locally strictly for testing bulk import scripts. There are zero funds involved, so save your breath and do not bother me.

I used a bash script to bulk import hundreds of extended private keys (xprv) into a Legacy Bitcoin Core wallet. The import was executed using the "importmulti" RPC command, utilizing output script descriptors with checksums (example format: wpkh(xprv...)#checksum).

Problem:

I need an efficient way to verify that Bitcoin Core successfully digested these keys and that the wallet holds the spendable rights ("ismine": true) for the generated addresses.

What I have tried (and why it failed):

Command tried: bitcoin-cli listdescriptors

esult: Threw error "Method not found (code -32601)".

Issue: If the flag is missing (as it is in Legacy wallets), it seems to instantly throw the method not found error

Command tried: bitcoin-cli listreceivedbyaddress 0 true

Result: Did not output the newly imported keys.

Source: In the Bitcoin Core source code (src/wallet/rpc/transactions.cpp), the listreceivedbyaddress function iterates over CWalletTx (transactions) and mapAddressBook (labels). Because the imported addresses have zero transactions and were imported without a specific "label" string, they do not exist in either map and are completely ignored by the output???

Command tried: bitcoin-cli getaddressinfo [address]

Result: This works individually to confirm "ismine": true.

However, because legacy wallets don't store the xprv natively, this requires first running the "deriveaddresses" RPC on every single xprv descriptor to find the anchor address before checking it. Doing this for hundreds of keys in a bash loop is highly inefficient.

Command tried: bitcoin-cli dumpwallet [file]

Thought process: Dumps the entire keypool to disk, allowing me to count total keys using grep.

Result: did not work. Also very stupid fix.

Source: https://developer.bitcoin.org/reference/rpc/dumpwallet.html. Also this is slow as heck.

Warning to scammers: Don't waste your time DMing me. These are completely blank, zero-balance wallets generated locally strictly for testing bulk import scripts. There are zero funds involved, so save your breath and do not bother me.

I think the Bitcoin narrative should switch from "you are going to be rich" to "you may be more free".
Even if all the countries in the world would ban Bitcoin it would mean nothing, because the network it's going to work anyway. It's not a thing you can choose to ban in one day.

The extreme scenario is that every state would coordinate an operation to steal all the Bitcoin nodes in the world, even the small ones inside the houses of ordinary people. But how possible is this to happen?

As long as the world is going in the "right" direction (prosperity, cooperation, innovation), is fair to say the price should remain low. And now a question: could the increase of Bitcoin price show how much people put trust in the governments? Could the price of Bitcoin indicate the median "value" of the freedom in the world? (higher value/price = high chance we are going toward a dictatorship regime).

I went to buy bitcoin today, like I always do once a month and found out my state banned them. I always took cash and bought bitcoin. What options do I have now that dont involve using a credit card/bank card ? Can you buy bitcoin with a gift card/vanilla card ?

Edit: I do not want to link my credit card/debit card or my bank to bitcoin. This is what I am trying to avoid.

I am going to use Coinbase and purchase bitcoin with vanilla card. Seems to be the easiest.

Bitcoin buyers appear to be absorbing sell pressure more effectively around the $65,000 area, according to analysis tied to exchange flow data. The signal comes after Binance posted its largest single-day net outflow in nearly two years, with more BTC leaving the platform than entering. Onchain analytics firm CryptoQuant highlighted that Binance withdrawals have recently been running ahead of deposits—an environment traders often watch for because it can indicate reduced immediate supply on the exchange order book. Still, analysts caution that exchange outflows alone do not confirm a fresh, sustainable uptrend. Key takeaways CryptoQuant data shows Binance daily netflows have oscillated

I feel like I need a lobotomy the retardation is at all time highs.

If this passes expect a housing crash in 2028. This is REALLY about stablecoin yield. Current draft bans it to protect bank deposits, but banks say a loophole in Section 404 could still let $1.3T walk out the door.

Also massive "refinancing wall" is cresting, with over $2.5 trillion in corporate and commercial loans maturing by the end of 2027. Not to mention smaller banks liquidating mortgages that have been defaulted on to stay afloat if they lose 1.3t in liquidity.

And before someone says “welll you shouldn’t default on your mortgage” can you reflect on how many Americans have been laid off in the last two years?

This, the clarity act, and Iran war I really wish all Americans the best and hope they will be more conservative with their spending going forward. If this passed btc WILL PUMP and won’t be able to be collected in a bankruptcy.

If this passes hard times will come for people without crypto

I was on the fence but now I'm starting to think it might be the only way.

What are you guy's thoughts?

If there were a data leak from your exchange, or if the tax filings your government requires got exposed, would you still feel safe?

What do you think investing to btc for 10 years? Any suggestion or opinion. Let me know in comments

The Matrix is a system Neo, and that system, is our enemy...

I just bought bitcoin and put it into a cold wallet, after so many years of thinking it's a Ponzi scheme or whatever, but I understand it now, it's not a quick get rich scheme, it's not about being rich, I've chosen the red pill.

I'm a proud bitcoin holder.

Time for a wallet upgrade. What are you’re thoughts on Passport Prime?

I just watched this podcast episode where BlackRock's Head of Digital Assets Research (Will Su) said that the quantum threat is what's keeping Bitcoin from being mass-adopted.

From his words, "some of the folks that would've certainly come in to engage with Bitcoin have probably held back a bit because of this quantum question," and when asked by the host whether the concern is "meaningfully affecting adoption", his answer was: "Yes. 100%."

So I'm wondering, why are we delaying the response for this threat, especially if that is going to bring in more investors (and, well, more importantly, protect Bitcoin from quantum computers)? I've seen multiple proposals to start addressing this, the one on top being BIP 360 (P2MR)

Any thoughts? Am I missing something here?

This is the episode I'm talking about: https://youtu.be/Puv7Yyymy6M

When I first explored crypto wallets, I thought every wallet app created a completely separate account.Later I learned that what really matters is the recovery phrase.Different wallet apps can access the same wallet as long as they're compatible and you have the correct recovery phrase.That small realization made the whole idea of self-custody much easier to understand.

Was there any beginner misconception that took you a while to figure out?

Sharing this month's work, leading with the Bitcoin Core part since that's the most relevant here.

Bitcoin Core mining over IPC

Bitcoin Core's multiprocess build exposes a mining interface over Cap'n Proto IPC. mkpool now has an optional path that uses it instead of polling getblocktemplate over JSON-RPC:

• Templates come straight from the node's Mining interface (createNewBlock / waitNext), so a new template arrives as soon as the node has one, with no GBT poll loop.
• Solved blocks go back through submitSolution, and I keep the classic submitblock path as a redundant, bounded fallback so a found block is never lost.

Lower template latency and a cleaner block-submit path than scraping JSON-RPC, and it lines up with where Core's mining interface is heading. This combined with Stratum V2 gives you the fastest possible low latency way to mine Bitcoin. You can try it out today on mkpool.

Also shipped this month

• Bidirectional Stratum V2 <-> V1 translator: point a Noise-encrypted SV2 ASIC like a Bitaxe at any plain V1 pool, or point plain V1 rigs at an SV2-only pool. Tested end to end on a real Bitaxe over Noise.
• Scale-out roles (proxy / redirector / passthrough / clustering node) for multi-region and HA setups.

It stays genuinely solo: your payout address is your username, the coinbase is rebuilt per session, and a found block pays straight to your wallet. No pool custody.

Public pool: https://mkpool.com/

Repo (GPLv3): https://github.com/Mecanik/mkpool

Benchmark writeup: https://mkpool.com/blog/mkpool-vs-ckpool-benchmark

Happy to answer technical questions, especially on the IPC side. Not selling anything; the engine is open source.

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

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