Welcome to the 3rd edition of Reddit Roundup by Nik[1] and Flip[2] of Bitcoin Magazine!
This contains 40 links to most of the best quality content that was uploaded to Reddit for this month. Most links come from the popular r/bitcoin[3], but we also retrieved posts from other ones as well such as r/BitcoinMining[4].
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.
Some of the awesome posts from the last week of the month may not be included in this edition, as Nik was away for BitBlockBoom[5] in Dallas, Texas. Big shout out to Gary Leland for putting on such an amazing conference!
The biggest story of the month saw the mobile software company MicroStrategy[6] buy a whopping 0.1% of the total Bitcoin supply[7] to hold as company reserves. This shocked the Bitcoin world and since then we’ve seen other smaller businesses such as Tahini’s Restaurants[8] & Snappa follow in their footsteps.
Fan-favorite Bitcoin exchange Cash App[9] released that during Q2, they generated $875 million in Bitcoin revenue according to Yahoo[10]. Buying and selling BTC is a very lucrative business that over time more and more companies will realize and want to take advantage of. For example, Cash App earned over 1.2 billion in revenue in quarter 2 of 2020, an increase of 361% over the year.
At block height 642,034[11] on August 3rd, we saw a billion-dollar transaction take place where it
