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    Bitcoin Daily Discussion, September 01, 2019

    September 01, 2019

    Bitcoin Daily Discussion, September 01, 2019

    Daily Discussion, September 01, 2019

    Posted: 01 Sep 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 not taxed in Portugal. The first domino

    Posted: 31 Aug 2019 01:53 PM PDT

    Boy am I glad I clicked that e-mail

    Posted: 31 Aug 2019 07:31 PM PDT

    Search Interest for Bitcoin Is Bigger Than Boris and Brexit, Google Trends Shows

    Posted: 01 Sep 2019 02:30 AM PDT

    Keanu won’t give you bad advice

    Posted: 01 Sep 2019 12:57 AM PDT

    The Unstoppable Surge in Negative Yields Reaches $17 Trillion, 30% of all investment-grade securities now bear sub-zero yields.

    Posted: 31 Aug 2019 10:49 AM PDT

    Bitcoin ATM spotted in Istanbul, Turkey

    Posted: 01 Sep 2019 12:18 AM PDT

    I spoke to a lecturer of economics from a very famous university!

    Posted: 31 Aug 2019 03:13 PM PDT

    Quick bit of info. I work in the service industry and have know this person for around 9 years. I have never been able to hold a conversation of any integrity with them due to there superior intellect. Many times they have come into my place of work and madly rambled and squiggled down notes etc.

    Last week was the first time I had the stones to approach him on the subject of BTC.

    My question was... "How do you see the impact of cryptocurrency on traditional banking and global economies in the next 5-10 years?"

    The answer... "That's a tricky one! There is so much to think about."

    We discussed this for a good 45 minutes and I informed him of the way that it works. I passed him in the street today and he stopped me and informed me that he is glad I put him on to this and that he is preparing something for me to read through. He also says he would like to sit down with me again and discuss things further.

    I think I may have opened a new door for this person and I wouldn't even say I shared 10% of my knowledge.

    Just thought I would share something that isn't price related? We are still early adopters 👌

    submitted by /u/cameronmu
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    Crypto fan art!

    Posted: 31 Aug 2019 07:19 PM PDT

    Apparently old news but just noticed you can pay with BTC, so here's a reminder!

    Posted: 31 Aug 2019 04:36 AM PDT

    Bitcoin Is Helping One Of The UK's Most Deprived Areas

    Posted: 01 Sep 2019 02:27 AM PDT

    I never feel satisfied with my BTC amount

    Posted: 31 Aug 2019 03:19 PM PDT

    Over a year ago I set myself a life goal to aquire a certain amount of BTC. I did hit that goal a while ago, and have almost doubled it. I still don't feel like I have enough.. I still feel like I am missing out, even though I have spared every penny I could and put it in there. Does anybody else feel this way? Does the feeling ever go away?

    submitted by /u/Anything4Bitcoin
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    I was watching THE MOST EXCLUSIVE STORES IN BEVERLY HILLS!! on YouTube and notice the Bitcoin sign.

    Posted: 31 Aug 2019 04:03 PM PDT

    Brazil’s leading payment processor begins accepting bitcoin

    Posted: 31 Aug 2019 11:13 AM PDT

    Bitcoin ATM @ Beggars Pizza Chicago Loop

    Posted: 31 Aug 2019 05:11 PM PDT

    What's the general consensus in this community on the lightning network?

    Posted: 01 Sep 2019 12:15 AM PDT

    How's the project going to date? What do people forsee for it in the future?

    submitted by /u/heter_pick
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    Will all bitcoins be lost one day ? Or at least most of it ?

    Posted: 01 Sep 2019 02:28 AM PDT

    Warning agains Bitcoin scammer

    Posted: 01 Sep 2019 02:12 AM PDT

    Hi guys, just wanted to warn people against /u/cryptojen031

    She is farming karma on motivation subreddit at the moment.

    She tries to get people to invest in bogus cloud mining and other scams from adiamondtransfer

    Proof:

    • First she flashes her fake holdings:

    ​

    https://i.redd.it/gig1tkilzxj31.jpg

    https://i.redd.it/kg2fhfhlzxj31.jpg

    https://i.redd.it/u032xdhlzxj31.jpg

    https://i.redd.it/z5q3tfhlzxj31.jpg

    https://i.redd.it/wzpilghlzxj31.jpg

    https://i.redd.it/bqsqighlzxj31.jpg

    Thought about showing her face to everyone, but decided against it. So I blurred her face.

    ​

    • Then she tries to get you to invest in diamondtransfer :

    ​

    https://i.redd.it/luq7xy2d0yj31.jpg

    https://i.redd.it/v07al03d0yj31.jpg

    https://i.redd.it/0tzgsy2d0yj31.jpg

    https://i.redd.it/0f17fz2d0yj31.jpg

    https://i.redd.it/k95sn33d0yj31.jpg

    https://i.redd.it/v6qac73d0yj31.jpg

    https://i.redd.it/mu7nvl2b0yj31.jpg

    https://i.redd.it/3tq94k2b0yj31.jpg

    ​

    • Bonus vid of her in action:

    ​

    https://reddit.com/link/cy7j82/video/0aqy7lw21yj31/player

    ​

    Be safe out there people, never respond to private messages.

    submitted by /u/MichielLangkamp
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    Why I Hodl - A Thought Experiment

    Posted: 01 Sep 2019 02:08 AM PDT

    Many people have arguments and question as to the long term validity of bitcoin. Some say that governments will shut down bitcoin, others say the price is being manipulated by whales that will one day dump all their bitcoin and crash the market, there are still others that say 21 million BTC is not enough, and even the smallest unit, one satoshi, will be worth so much it cannot be used in daily commerce.

    While we can debate each point back and forth for weeks, and having bitcoin from the triple digit days, I have debated online and in person the merits of bitcoin and just the idea of cryptocurreny in general. Today I have decided to put to writing my simple reason why I hodl for my own purpose of reasoning it out, and maybe you can get something out of this too.

    Pascal's Wager.

    I was first introduced to Pascal's Wager long before I heard about bitcoin and I will explain the main point of the wager as it was originally applied to religion. Either God exists or does not exist, and you either believe in God or you do not believe. If God does exist, all who believed go to heaven (infinite gain) while all who did not believe go to hell (infinite loss). If God does not exist, all who believe simple lose their time (going to church, praying, etc) while those who do not believe lose nothing. While there are debates over the wager, I take it as there is a small price to pay for potentially infinite gain or loss.

    Applied to Bitcoin

    I apply the thinking of Pascal's Wager to bitcoin without knowing all the specific technical and political possibilities and likelihood of global adoption or crash to worthless. Either bitcoin will "Moon" or it will "Bust." It could also stay at the current price forever or go up or down slightly then it's the same as owning something like gold or stocks that move in the single digits every year but I am ignoring this case in my thinking. With that said, the outcome of bitcoin will be binary in nature, worthless or "Moon" and I have some extra money to make a bet. If I choose bitcoin, my loss is limited to what I bought in with, which is the same money I would use to buy stocks, bonds, gold, pizza, or anything, while the upside is similar to a lottery ticket. Unlike lottery tickets, the odds of winning and size of the prize is unknown. So if I buy bitcoin, I can make or lose money, with the possibility of making money at this point about 100x my money if we hit $1,000,000 like some people think, but the money I lose would be money I am okay losing and does will not hurt my finances.

    The other scenario is that I do not spend money on bitcoin. If I do not buy bitcoin, I can go out to eat more often, save more for retirement, buy nicer clothes, all of which are options that are good and fun in their own right. If bitcoin becomes worthless, I will lose nothing and have more experiences and nicer things because that money was not lost. This last scenario is the one I put the most concern and thought on when deciding to hodl or not. What if bitcoin goes to the moon, as in, global currency adoption moon, and I had some coins when I was younger, but now, maybe decades later, my bitcoin is long gone and I missed out on the opportunity of a lifetime. That is what scares me.

    Isn't that just FOMO?

    Yes, maybe I do just have a bad fear of missing out but based on the four possible scenarios for bitcoin, the price now to reap the rewards later is well worth paying with the loss being negligible. Being negligible does not mean I have a single satoshi to my name, but the amount is small enough that it is worth risking, but large enough to matter if we do "Moon."

    ​

    "I would rather die on my feet than live on my knees." ― Euripides

    Unrelated to Pascal's wager is the idea of freedom that crypto offers. Central banks and governments control the currency we use on a daily basis and unless you use cash exclusively, banks and payment processing companies have a record of everything that you spend money on and can control you either directly by seizing your bank account, or indirectly by inflation and other policies. This control can simple end up as a lack of privacy to some Orwellian future. Bitcoin, and crypto in general, provide a way to add anonymity to digital lives and thus preserve freedom. I would rather lose money on bitcion than complicity submit to a system others control and that I am powerless over.

    submitted by /u/Dayvuni
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    Spotted at Burbank Hollywood airport! There are about five here. Didn't check the prices though.

    Posted: 31 Aug 2019 02:23 PM PDT

    Randomly parked beside it without even realising at first (Dresden, Germany)

    Posted: 31 Aug 2019 10:18 AM PDT

    You can now pay to go to space with Bitcoin thanks to Virgin Galactic!

    Posted: 31 Aug 2019 09:02 PM PDT

    "Bitcoin Fixes This" - bitcoin in context of quantitative easing (by Parker Lewis)

    Posted: 31 Aug 2019 06:14 PM PDT

    How to find proof of existence on block stamped with opentimestamps.org maunally with blockexplorers?

    Posted: 01 Sep 2019 02:27 AM PDT

    Hello, I used a ranbdom file to test and stamped it, got .ots file and upgraded and vrify it it, opentimestamps.net gives me this message

    "SUCCESS!

    Bitcoin block 592565 attests existence as of 2019-08-31 CEST"

    ​

    Now, how do I search for proof of that file in block #592565, looked for blockexplorers but I dont know how to search on every transaction there, for specific data, hash file is 6a2fac7b123f82b0323594b4250cc117117213a1dd6ce42bbc7b6feb8c364549

    submitted by /u/satoshi_nakamoto__
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    PSA: Bitcoin.org is down. “It should be back soon, it got DDoS attacked” (per u/cobra-bitcoin, per harding).

    Posted: 31 Aug 2019 12:47 PM PDT

    IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money (Wow!)

    Posted: 31 Aug 2019 11:57 AM PDT
    Read more
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