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    Bitcoin Daily Discussion, May 06, 2019

    May 06, 2019

    Bitcoin Daily Discussion, May 06, 2019

    Daily Discussion, May 06, 2019

    Posted: 06 May 2019 12:00 AM PDT

    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!

    If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

    We have a couple chat rooms now!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Bitcoin predicted in 1984.

    Posted: 06 May 2019 12:54 AM PDT

    Thank you WSJ, very cool!

    Posted: 05 May 2019 12:59 PM PDT

    Fidelity Will Offer Cryptocurrency Trading Within a Few Weeks

    Posted: 06 May 2019 03:03 AM PDT

    This is bad for the Australian economy.... but good for btc.

    Posted: 05 May 2019 10:40 PM PDT

    Feelin Bullish, might delete

    Posted: 05 May 2019 12:12 PM PDT

    Petition: Add Bitcoin LND to Raspberry Pi NOOBS to give 21+ Million Users Access to Bitcoin Lightning Network Directly

    Posted: 05 May 2019 09:23 PM PDT

    Buy Bitcoin anniversary July 12. This was the sign that started the massive run from 3k to 20k. He lost his internship. If only I bought more. Cheers Bitcoin sign guy.

    Posted: 05 May 2019 09:28 PM PDT

    Bitcoin's Lightning Comes to Apple Smartwatches With New App

    Posted: 05 May 2019 03:49 PM PDT

    I bought this shirt for her years ago but she only recently decided to wear it.

    Posted: 05 May 2019 10:20 PM PDT

    I buy and sell BTC on local bitcoin. At first I had started small, but now it’s growing and I never went into the nitty gritty of the legalities in India surrounding crypto.

    Posted: 05 May 2019 08:48 PM PDT

    Anyone who is active on local bitcoins in India, please guide me . I just don't want to get into any kind of legal trouble.

    submitted by /u/BothCrew
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    In 2017 the founder of Morgan Creek Capital Investment nailed it: "Only gamble was whether #Bitcoin would make if from $0 to $100, that was the real miracle. Going from $4,000 to $40,000 or $400,000 is easy".

    Posted: 05 May 2019 04:08 AM PDT

    Bitcoin Nation: 22 Million US Crypto Traders Dwarf Global Rivals

    Posted: 05 May 2019 05:47 PM PDT

    Misinformed

    Posted: 05 May 2019 11:48 PM PDT

    I'm going to preface this with saying I have quite little knowledge of cryptocurrency. I understand that's it's decentralized, and finite. I understand it is something that is up and coming. Some feel it may replace fiat currencies all together.

    Somehow I feel like I'm missing something. Much of this subreddit alludes to the idea that bitcoin will take over the world. It begins to feel overhyped. I think some are attracted to it with the idea of becoming rich, after its value potentially increases, others for the independence from banks or governments.

    I'm curious if there are aspects I'm not seeing? Is it really as great as people make it to be? Is it going to "go to the moon"?

    submitted by /u/stone-head
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    Before and after reading The Bitcoin Standard by Saifedean Ammous.

    Posted: 05 May 2019 05:40 AM PDT

    Hello I will be buying bitcoin for the first time

    Posted: 05 May 2019 06:11 PM PDT

    I thought about buying a couple years ago but saw insane fees for transactions ($6 per buy and sell, I think on coinbase). I found out cash app allows free buying and selling, and will probably start investing hoping to ride back to the ATH.

    My question is, how bad would it be to keep coin stored on this app? I imagine its secure as it is a payment processor. Are there any stories of people having bad experience with this?

    submitted by /u/xddm2653
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    Mentor Monday, May 06, 2019: Ask all your bitcoin questions!

    Posted: 06 May 2019 04:00 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    Dessine-moi un Bitcoin - Creative way to generate brain-wallets (reminder: brain wallets are NOT recommended to secure your bitcoins)

    Posted: 06 May 2019 03:22 AM PDT

    Why is Warren Buffett obsessed with Bitcoin?...

    Posted: 05 May 2019 04:56 PM PDT

    Warren Buffett: "It doesn't do anything. It just sits there. It's like a seashell or something, and that is not an investment to me. It's a gambling device… there's been a lot of frauds connected with it. There's been disappearances, so there's a lot lost on it. Bitcoin hasn't produced anything."

    He recently felt the need to bring it up again at Berkshire Hathaway's annual meeting, calling BTC nothing but a "Gambling Device," which I guess is technically an upgrade from Rat Poison2... but for someone who claims to have no interest in the technology, it certainly seems to be on his mind 24/7.

    What's the deal with this guy?

    submitted by /u/WolfOfFusion
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    Monday Art - Akanji Bolaji

    Posted: 05 May 2019 10:28 PM PDT

    Tulips and South Sea Bubble vs Bitcoin

    Posted: 06 May 2019 03:51 AM PDT

    I was about to argue that both of the former ran their course within a relatively short time and therefore people comparing tulips and other "manias" to Bitcoin were probably wrong because Bitcoin has exhibited a strong price for much longer than either of these. However, I think that while the tulip mania only lasted a year or two, the South Sea Bubble took about a decade before it deflated.

    I would argue that the much slower pace of things, in particular information transfer, in the 18th century means that you you should adjust for time -- a decade was pretty fast, especially looking at the nature of the South Sea's failure which arose in part because it could not pay its debts which would only become evident after a long time.

    TL;DR: If Bitcoin is anything like tulip mania or SSB, it should have already deflated long ago. Bitcoin's more or less steady price increase over the past decade suggest that it is not the same sort of "mania" as prior manias; it may be a different kind, of course, but it does not feel that way to me.

    submitted by /u/TombStoneFaro
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    BTC Spare Change app

    Posted: 06 May 2019 03:34 AM PDT

    What's a good app to invest spare change into BTC?

    submitted by /u/FunkyMonk81
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    Lightning enabled watch app ⚡️⌚️

    Posted: 05 May 2019 10:39 AM PDT

    US Court Orders Craig Wright to Provide Bitcoin Ownership Records

    Posted: 05 May 2019 11:00 PM PDT

    "You could not live with your own financial failure. Where did that bring you? Back to Bitcoin.- Whanos, the Mad Trader

    Posted: 05 May 2019 08:17 PM PDT
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