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    Bitcoin Daily Discussion, August 19, 2019

    Bitcoin Daily Discussion, August 19, 2019


    Daily Discussion, August 19, 2019

    Posted: 19 Aug 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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    My technical analysis for bitcoin

    Posted: 18 Aug 2019 06:52 AM PDT

    Uhmm..

    Posted: 19 Aug 2019 01:13 AM PDT

    Fake Satoshi claiming to have $10 billion worth Bitcoin, can't afford a good web hosting plan.

    Posted: 18 Aug 2019 01:50 PM PDT

    My grandmother bought me this for my birthday

    Posted: 18 Aug 2019 01:29 PM PDT

    New Faketoshi is to stupid to remove exif information from image

    Posted: 19 Aug 2019 01:53 AM PDT

    https://satoshinrh.com/wp-content/uploads/2019/08/laptop-cleaned.jpg

    This image was recorded with an Iphone X on August 5, 2019. Even the geo information is available. Faketoshi is from UK:

    https://www.openstreetmap.org/?mlat=53.464069&mlon=-2.336669&zoom=15#map=17/53.46335/-2.33564

    submitted by /u/bitvroom
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    F* it. I'm Buying. Please help me through the process.

    Posted: 18 Aug 2019 11:05 PM PDT

    I live in canada and been thinking about buying since 2015. I find the buying process and holding on to it (e-wallets?) very confusing. Can you point me to the video that could explain it best? Also what service (?) should I use to buy it as a canadian. Thank you.

    submitted by /u/RubikTetris
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    Friend/Colleague: "Why don't you increase your pension contributions?". This is exactly why. Bitcoin will be my private pension which I can withdraw from anytime I want.

    Posted: 19 Aug 2019 01:29 AM PDT

    E-commerce giant Rakuten publicly launches crypto exchange

    Posted: 19 Aug 2019 12:49 AM PDT

    Now We Are Talking Satoshis

    Posted: 18 Aug 2019 06:55 PM PDT

    Fidelity’s Charity Arm Has Received Over $100 Million in Crypto Donations

    Posted: 18 Aug 2019 11:27 PM PDT

    Bitcoin. The last month

    Posted: 18 Aug 2019 01:45 PM PDT

    We may look back at the last month as monumental for bitcoin and cryptocurrencies.

    What was once a fringe idea has now hit the mainstream.

    The evidence:

    • The U.S. Congress held hearings on crypto in both the House and Senate.
    • The U.S. Treasury Secretary held an emergency press conference to discuss the state of crypto regulations.
    • The International Monetary Fund (IMF) put out a report calling digital currency the "future of money."

    And then there's Facebook's plan to create a stablecoin and digital payments system through Libra.

    While it looks like Libra may never get off the ground, it sparked a worldwide conversation around digital currencies and the future of money.

    People are finally waking up to the fact that government-controlled money likely does them more harm than good. So they're seeking out better money, like bitcoin.

    And it's spreading like a virus.

    submitted by /u/boomerangcapitalInc
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    Hopefully NOT Roger Ver!

    Posted: 18 Aug 2019 07:02 PM PDT

    If Capital appreciation is the sole source of wealth, why does the government want to make it illegal/impossible to save money?

    Posted: 18 Aug 2019 11:38 AM PDT

    Under the fiat system, the government treats all economic problems as resolvable with low interest rates that shift capital from investment to consumption. This is exactly like a farmer who has a poor harvest due to a drought, and decides to resolve it by eating through his seed crop and growing fat(which convinces himself he's doing very well), but leaves nothing to plant the next year's crop. What is true for the farmer is equally true in the economy -- the more we consume today, the less we will have tomorrow.

    When many people "hoard" money, they increase its value, which allocates capital toward those who are best able to invest it, but does not force anyone to spend or invest for the sole purpose of escaping inflation. The result is a continually increasing capital stock, and prosperity.

    Contrast this with Japanese perpetual zero interest rate policy, where money, unable to earn a return, flees the country as fast as it is earned, and you will understand the economic purpose of Bitcoin.

    Future economists will look back at early 21st century monetary policy as an unmitigated disaster, worse than even mercantilism.

    submitted by /u/MrCumsHisPants
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    Want to buy 0.5 bitcoin. Need suggestions.

    Posted: 18 Aug 2019 03:25 PM PDT

    I make about 1300 euros a month, which means it would take some months to afford 0.5 bitcoin, however by the time I save up the money the price is most likely going to change... Should I ask a bank loan to invest right now or do I save and risk? Any other suggestions?

    I'm 19 and live in Italy. Thanks

    submitted by /u/cccc1255
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    Self-Proclaimed Satoshi Nakamoto's Bitcoin 'Reveal' Is an Epic Fail

    Posted: 18 Aug 2019 11:22 PM PDT

    US on road to account for Firearms through Blockchain: 2 American Historians won a patent for a Blockchain Based Recording System of Ballistic Data

    Posted: 19 Aug 2019 02:36 AM PDT

    Venezuela UPDATE from the ground. 1 BTC is around 150,000,000 Bs. A month ago it was 85,000,000 Bs. (Bolivares). Monthly minimum wage is less than 5 USD (it was 30 USD a year ago). 591 BTC were traded last week using LBTC (last week was 562) which is around 76,492,000,000 Bs. (ATH)

    Posted: 18 Aug 2019 06:29 AM PDT

    I'm a Venezuelan "living" here. AMA even if it looks dumb, you can also check my post history.

    Biggest bank note is 50,000 Bs. which is less than 4 USD. You need to use debit and credit, bank transfer, cryptos and USD to pay anything.

    This after 5 zeroes were shaved from the currency less than a year ago and 3 zeroes more 12 years ago. So it would be 5,000,000,000,000 Bs.

    Sources:

    https://coin.dance/volume/localbitcoins/VES/BTC

    https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

    https://dolarsatoshi.com/

    About the minimum wage

    https://www.venezuelanews.net/news/260700087/the-president-of-venezuela-raises-the-minimum-wage

    40.000 Bs. per MONTH plus 25.000 Bs. as food bonus, total 65.000 Bs. Around 4 USD at street rate and 5 USD at official rate.

    AMA!

    submitted by /u/WorkingLime
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    How Bakkt Announcement Could Be a Blessing For Bitcoin Holders - Bitcoinist

    Posted: 18 Aug 2019 01:50 PM PDT

    100 Trillion Dollar Bitcoin Catalyst (Documentary)

    Posted: 19 Aug 2019 01:21 AM PDT

    Buying Bitcoin on lightning network

    Posted: 18 Aug 2019 01:29 PM PDT

    Hi all, is there a way i can buy bitcoin directly on the lightning network? Only small amount (50$). I have already enough liquidity to receive it.

    EDIT: Thx for the replies!

    submitted by /u/pat__boy
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    One way of spreading the message. Melbourne Aus 19/8

    Posted: 19 Aug 2019 03:46 AM PDT

    Future of Job Sharing Economy: Human Decides. AI Supports. Blockchain Pays.

    Posted: 19 Aug 2019 03:30 AM PDT

    Rakuten, the largest e-commerce platform in Japan announced the formal launch of its cryptocurrency exchange, which likely hard to inflate BTC volume as Japanese yen accounts for 10 percent of global bitcoin volume. DYOR

    Posted: 19 Aug 2019 02:43 AM PDT

    "Should I buy a Bitcoin" Google organic search result #3 Just noticed this, was going to search for "Should I buy a Tesla" but on my way there...

    Posted: 18 Aug 2019 10:59 AM PDT

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