Reddit Roundup – June 2020 – Bitcoin Magazine


Ladies and gentlemen, we bring you the first ever edition of Reddit Roundup by Nik and Flip of Bitcoin Magazine!

This contains 50 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin, but we also retrieved posts from other one as well such as r/BitcoinMining.

In this roundup there are 10 different categories each link falls under, and the categories are: Privacy, Adoption, Development, Security, Mining, Business, Education, Regulation & Politics, Archaeology (Financial Incumbents), and last but not least Memes, Fun, And Other. 

Big shoutout to Sam Wouter, creator of BitcoinSnippets. From October 2016 to October 2019, he was creating these monthly link summaries to help everyone keep up to date with Bitcoin. He’s kept adding to his plate and has less time to put these together, so we decided to pick up the torch where he left off.


While the price was absolutely stagnant this month, the Bitcoin builders have been moving faster than ever.

It reminds me of the quote by Bill Gates who said “most people overestimate what they can do in a year and underestimate what they can do in ten years”. In real-time, things can seem slow, but over time they happening extraordinarily fast.

Two of our favorite highlights from this month were seeing over $300,000 in bitcoin grants being raised to support open source development and seeing bitcoin out-perform the price of gold by 100% so far this year.

We also had protagonists from the antiquated financial system flip flop and bend the knee to Bitcoin. Shark Tank billionaire Mark Cuban has been very vocal on Twitter about his disinterest in Bitcoin, then decided to backtrack. Now he’s recommending people to “put 10% of their money into Bitcoin”. How ironic considering all the hate he’s given Bitcoin in the past.

Also, it was revealed this month that US president Donald Trump has ordered Steve Mnuchin to “go after Bitcoin” to try and destroy or stop it in any way possible. Unfortunately for orange man, orange coin has an impenetrable defense of nodes and miners all around the globe, outside of the reach of the US government. 

So without any further ado, here is the round up for this past month, enjoy!

A Recap of Bitcoin In June 2020

Privacy

BlueWallet bringing cash and p2p buys with no-KYC to all its users : Bitcoin (6/23) 

Privacy-o-meter — a free tool to assess the privacy level of your BTC transactions.   (6/25)

Privacy-o-meter is the first step to defend yourself against heuristics blockchain surveillance companies use. : BitcoinMining (6/25)

Wasabi Wallet Donates 1 BTC to Defend Privacy in Bitcoin – Bitcoin (6/28)

Adoption

An increasing number of people trust Bitcoin over big banks, says survey : Bitcoin (6/15)

Portuguese kids aged 6-7 learning about Bitcoin in public education system : Bitcoin (6/17)

Bitcoin is > 80% of the worldwide search interest – Cryptocurrency World Map : Bitcoin (6/15)

Singapore ride-sharing app lets customers pay with Bitcoin. : Bitcoin (6/18)

Land Rover celebrated 50 years, and in a memorial video he also mentions the creation of BTC network : Bitcoin (6/19)

The Perfect Time to Buy Bitcoin is Always Now : Bitcoin (6/20)

The PayPal and Venmo news, broken down and analyzed. It’s bigger than you think ? : Bitcoin (6/23)

Venezuela government is officially taking bitcoin as payment for passports. : Bitcoin (6/24)

Last week 511 BTC were traded in Venezuela using LocalBitcoin (up from 475 BTC), buying BTC with FIAT and selling BTC for FIAT. 511 BTC are 959,197,000,000 Bs. (Bolivares). One BTC is around 1,970,000,000 Bs. Monthly minimum wage is 5 USD (50,000 satoshis) : Bitcoin (6/24)

The Australian Postal Service is Starting to Adopt Bitcoin, and Why This Matters : Bitcoin (6/29)

Development

Who Funds Bitcoin Development? BitMEX Research 28 Mar 2020 : Bitcoin (6/17)

Less than 20% of BTC is actively traded. Bitcoin isn’t a short-term “get rich quick” play, it’s a long-term “protect your wealth” play. : Bitcoin (6/19)

Number of Bitcoin ‘Whales’ Has Risen by 2% Since Halving – CoinDesk : BitcoinMining (6/20)

Bitcoin Wallet Tracker v0.1.4 is released: Improved mempool tracking, out-of-the-box pruning support, and more! : Bitcoin (6/22)

Bybit Launches Fiat Onramp as Bitcoin Institutional Interest Skyrockets : Bitcoin (6/23)

Fun with Bitcoin: LightningNode roundtable: Hack Sprint Edition : Bitcoin (6/25)

Kraken Announces Largest-Ever Grant to BTCPay Server : Bitcoin (6/25)

Security

Look how silly this seems now compared to Bitcoin’s security : Bitcoin (6/16)

Mining

Bitcoin mining pushing technology to physical limits : Bitcoin (6/17)

Bitcoin Mining Difficulty Posts Biggest Jump In 29 Months : BitcoinMining (6/17)

Bitcoin Mining Explained : BitcoinMining (6/13)

Make sure your GPUs are ready for the summer : BitcoinMining (6/17)

China is losing its dominance over Bitcoin mining industry: report : BitcoinMining (6/11)

Business

Ledger and Nomura launch institutional-grade Bitcoin custody service : Bitcoin (6/17)

Education

Why Not Just Print More Money? : Bitcoin (6/17)

“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” George Washington to James Madison 1789 : Bitcoin (6/17)

12 Reasons to Buy BTC! : Bitcoin (6/18)

The end of money as we know it … very informative documentary : Bitcoin (6/17)

Bitcoin’s price has outperformed gold by 100% this year : Bitcoin (6/24) 

South African banking on Bitcoin : Bitcoin (6/25)

Governments Can Not Kill Bitcoin, and if They Tried, It Would Only Make Bitcoin Stronger : Bitcoin (6/28)

The Key Point on Bitcoin Scarcity That Few People Understand Today : Bitcoin (6/28)

Regulation & Politics

SEC charges issuer who was offering investors a “new and improved version of bitcoin”. : Bitcoin (6/26)

Archeology (Financial Incumbents)

JP Morgan Does a Complete 180 on Bitcoin. 3 Years ago, Jamie Dimon said BTC is a fraud ? : Bitcoin (6/15)

German Stock Exchange start Trading Bitcoin ETF : Bitcoin (6/18)

Trump first wanted to ‘go after Bitcoin’ in 2018, says John Bolton : Bitcoin (6/18)

Thank you Nomura, very cool! : Bitcoin (6/19)

New York Fed: Bitcoin just ‘another example of fiat money’ : Bitcoin (6/20)

Blackballed by PayPal, Scientific-Paper Pirate Sci-Hub Takes Bitcoin Donations : Bitcoin (6/22)

Andreas Antonopoulos – Obama Story [What He Said About Bitcoin] : Bitcoin (6/25)

Mark Cuban: Put 10% of your savings into bitcoin : Bitcoin (6/29) 

Memes, Fun, & Other

Kangaroo Market : Bitcoin (6/15)

? : Bitcoin (6/12)

In a small town in upstate New York we give tribute to Bitcoin. We call it “Freedom Friday”. Live music, Bitcoin and freedom. : Bitcoin (6/15)

Bitcoin – The End of Money As We Know It : Bitcoin (6/22)

Rajarshi Maitra went from zero coding experience to getting his first PR merged in Bitcoin Core in two years and five months. : Bitcoin (6/24)

Bitcoin! – I don’t know. : Bitcoin (6/25)

Nik Hoffman

social media – @BitcoinMagazine
// live show – @BTCKindergarten
// intern for @MartyBent



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