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    Bitcoin Daily Discussion, September 13, 2019

    September 13, 2019

    Bitcoin Daily Discussion, September 13, 2019

    Daily Discussion, September 13, 2019

    Posted: 13 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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    Governments

    Posted: 12 Sep 2019 07:03 PM PDT

    I am 17 and I Just finished the final draft of my book the Bitcoin Bible. Wrote it so people like my parents can understand Bitcoin and to educate others

    Posted: 12 Sep 2019 05:40 PM PDT

    France will not tax crypto-to-crypto trades; will tax gains converted into "traditional" currency

    Posted: 12 Sep 2019 06:23 AM PDT

    Governments, except it's reality

    Posted: 12 Sep 2019 11:24 PM PDT

    You’ll moon too.

    Posted: 12 Sep 2019 08:03 PM PDT

    The Hungarian Underwater Rugby Team on the World Cup

    Posted: 12 Sep 2019 06:30 PM PDT

    Today, my bank suddenly blocked BTC purchases. They cancelled my cards and locked my account.

    Posted: 13 Sep 2019 12:10 AM PDT

    I've had the same bank forever, and have regularly made BTC purchases over a period of 2 years with no problems. Then suddenly today when I tried to buy some more sats, they just straight up cancelled my cards and blocked my account with no warning. I have no cash and it's friday, so I'm basically fucked until at least monday, as they said it would take a couple working days to resolve the issue or whatever.

    This is bullshit. I've seen a lot of posts saying shit like this, but I never had any trouble. I'm pissed.

    Edit:

    forgot to say which bank. It's Danske Bank (Danish Bank), I live in Norway

    And I'm talking about debit card. Never had a credit card in my life

    Danske Bank even stated last year that they won't stop users from investing in crypto.

    https://danskebank.com/news-and-insights/news-archive/news/2018/23032018

    submitted by /u/Anything4Bitcoin
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    Bitcoin Trading Is opening For Citizens In Communist-Run Cuba which has been financially isolated for years under a United States trade embargo.

    Posted: 13 Sep 2019 03:59 AM PDT

    I like that! Bitcoin on the move

    Posted: 12 Sep 2019 06:14 AM PDT

    Is it too late to buy Bitcoin?

    Posted: 13 Sep 2019 02:34 AM PDT

    I'm only 21 and would only be able to invest a little bit with each paycheck. Do you think it's worth the risk or should I put that money into a high yield savings or index funds?

    submitted by /u/dbailyn
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    Andreas Antonopoulos Cancels His Australia Trip Due To Encryption Laws

    Posted: 12 Sep 2019 04:04 PM PDT

    Another reason Bitcoin is a good savings account

    Posted: 13 Sep 2019 12:12 AM PDT

    Take gold, for example. If the price goes up, mining companies are incentivized to pull more gold out of the ground, and thus the supply increases, debasing the world gold market (by a modest amount), which brings the price down, or at least keeps the price from rising significantly. This is dynamic is more common in less rare metals like silver and copper (as spelled out in the Bitcoin Standard).

    With Bitcoin, if the price goes up, and more people get into mining it, it doesn't increase the supply of Bitcoin, it literally just increases the quality of Bitcoin by providing more security (higher hashrate) in the network. I can't think of any other asset class that has this dynamic.

    tldr:

    Gold:

    Price goes up -> Supply goes up -> price comes down.

    Bitcoin:

    Price goes up -> Security goes up -> Value proposition of Bitcoin increases -> price goes up -> security goes up -> etc, etc.

    submitted by /u/facepalm5000
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    Bitcoin: only good for selling to a bigger fool later?

    Posted: 13 Sep 2019 12:06 AM PDT

    I keep seeing these talking heads saying, "bitcoin is a hyper-speculative investment that doesn't produce anything, and people only buy it hoping to sell it to a bigger fool later for a higher price". (Both Bill Gates and Warren Buffet have said this).

    If you take a step back for a minute, you realize they're criticizing people for literally just wanting to store their wealth in an asset class that can't be debased.

    So there you have it, if you think saving for a rainy day is a good thing, you're actually just a speculative fool according to these people.

    submitted by /u/facepalm5000
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    Putin raids critic's offices and freezes bank accounts. Why we need currency free from tyrannical hands.

    Posted: 12 Sep 2019 06:51 AM PDT

    Clarke and Dawe - Quantitative Easing (QE) Explained

    Posted: 12 Sep 2019 01:54 PM PDT

    Bitcoin heading higher, says Fundstrat's Tom Lee

    Posted: 12 Sep 2019 07:24 PM PDT

    France: we can't allow Facebook's Libra in Europe

    Posted: 12 Sep 2019 07:09 AM PDT

    The ECB Just Restarted QE. Bitcoin & Gold Jumped Higher. Easy Monetary Policy Is Rocket Fuel For These Assets

    Posted: 12 Sep 2019 05:14 AM PDT

    This makes me so bullish: Best comments Watford FC Bitcoin shirt announcement!

    Posted: 12 Sep 2019 12:01 PM PDT

    What an amazing day with @aantonop

    Posted: 12 Sep 2019 08:07 PM PDT

    The Miami Heat are accepting bids for naming rights to their arena should we go fund me to call it the “Bitcoin Center” ???

    Posted: 12 Sep 2019 03:53 PM PDT

    ECB will print and buy 20 billion of govt bonds starting in November every month ��

    Posted: 12 Sep 2019 05:07 AM PDT

    How to use lightning network without smartphone?

    Posted: 13 Sep 2019 12:23 AM PDT

    Are there any web wallets, desktop wallets or cli wallets for VPS that allow you to generate and pay lightning network invoices? I found a Chrome extension but would prefer to use a regular website. I just want to transfer small amounts so custodial is fine (just no "KYC").

    Also after you receive lightning network funds, how can you withdraw it to regular on-chain BTC? Or can you only spend it in websites that support lightning?

    submitted by /u/throwaway1029814
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    Bitcoin is superior to fiat: no one can lie or abuse power

    Posted: 12 Sep 2019 02:31 PM PDT

    Can I run a Raspiblitz LN node over Tor and still connect to it with Zap (iOS)?

    Posted: 13 Sep 2019 01:33 AM PDT

    Or is it only possible if not running the node over Tor?

    Also, can the bitcoin node run over Tor while LND doesn't run over Tor on the same Raspiblitz?

    submitted by /u/Teatflight
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