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    Bitcoin Daily Discussion, January 28, 2020

    Bitcoin Daily Discussion, January 28, 2020


    Daily Discussion, January 28, 2020

    Posted: 27 Jan 2020 11:00 PM PST

    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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    NOW STAY ABOVE IT

    Posted: 27 Jan 2020 04:39 PM PST

    The Future of Fiat

    Posted: 27 Jan 2020 08:01 AM PST

    The Last Time Bitcoin Will Ever Be Below 9000!

    Posted: 27 Jan 2020 04:57 PM PST

    This will be the 6th time

    Posted: 27 Jan 2020 02:57 PM PST

    Twitter’s Jack Dorsey Is Making Bitcoin ‘As Common As Cash’

    Posted: 27 Jan 2020 01:12 PM PST

    This is why we need the decentralization for Bitcoin

    Posted: 27 Jan 2020 09:18 AM PST

    And just like that - it’s crypto bull market again!

    Posted: 27 Jan 2020 11:44 PM PST

    Yet another reason you should be running your own full node..

    Posted: 28 Jan 2020 01:11 AM PST

    Hodl on the Throttle

    Posted: 27 Jan 2020 05:02 PM PST

    In Australia bank transfers often take up to 5 days. Just a reminder that Bitcoin isn't slow.

    Posted: 27 Jan 2020 05:16 PM PST

    Transfers that occur on Friday often clear on Monday or Tuesday. However as was the case this weekend there was a public holiday on the Monday which delays transfers for another day.

    Bitcoin fixes this.

    submitted by /u/BigLezHodler
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    Do CoinJoin Mixes Really Require Equal Transaction Amounts for Privacy? Part Two: Knapsack

    Posted: 28 Jan 2020 01:49 AM PST

    Why Lightning Payments Aren't Clicking for Porn Companies (Just Yet) - CoinDesk

    Posted: 28 Jan 2020 01:39 AM PST

    Take the thing out of the hands of government ....

    Posted: 28 Jan 2020 12:32 AM PST

    "I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." – F.A. Hayek.

    submitted by /u/bjaxen
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    The run of the golden bull

    Posted: 27 Jan 2020 02:24 PM PST

    From 2012, is this the oldest song about Bitcoin?

    Posted: 27 Jan 2020 07:44 PM PST

    How is Bitcoin doing?

    Posted: 28 Jan 2020 01:57 AM PST

    What are your thoughts on its vision vs current reality?

    Also the decentralized aspect.

    submitted by /u/ideas500kcom
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    Bitcoin – the best investment option for Millenials according to billionaire Tim Draper

    Posted: 27 Jan 2020 07:39 PM PST

    Does bitcoin make it easier for massive payout in-home robbery?

    Posted: 28 Jan 2020 04:36 AM PST

    Let's assume that I have a hardware wallet with all my bitcoin. It seems logical that someone eventually finds out that I have it, and comes to try to rob me. Assuming I follow most everyone's advice on robberies: "just give them the money," does bitcoin make it more likely to lose large scale savings without much recourse?

    Are you guys taking steps to prevent this? Do you split up your bitcoin on multiple hardware wallets? Do you put you hardware wallet in a safe deposit box?

    Any other thoughts here on how a robber could use bitcoin's benefits against the owner/how to prevent?

    submitted by /u/djhatrick12
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    Warning! beldextrade.com is a scam - another fake giveaway

    Posted: 27 Jan 2020 09:21 PM PST

    I wasn't too privy to this specific scam before today, and I searched for the website in question but found nothing. The red flags were everywhere the entire time I was going through this, but it initially seemed legitimate enough for people to be easily deceived. Hopefully any potential victims can find this post and save themselves from being scammed.

    It all started when I got a message on Discord (https://imgur.com/1fMZ3qS) from a guy (ironically) named "Crooked" telling me I won $69 of bitcoin in a random giveaway. This was the first red flag but I clicked through just to take a look. I went to the site, created an account, and tried to withdraw my 0.008 BTC... https://imgur.com/s1J4D5u I have to gamble some of it away to withdraw it? Second major red flag.

    At this point I had nothing to lose so I went ahead and bet the minimum of $15 on the roulette. When the timer hit 0, I was greeted with this: https://imgur.com/xtXt80t. I won $2k in bitcoin!? Yeah, obviously this is too good to be true, but in the moment I just blinked at the screen. There's a "live" chat with the gamblers chatting away, so I asked if I really just won. Some of them quickly answered me with the affirmative. It all looked pretty convincing, but I wouldn't be surprised if these are paid actors or even AI chatbots.

    Then I tried to withdraw again, but I got a message telling me I need to talk to support to activate a "bot app". So I do, and support linked me to a chrome extension: https://chrome.google.com/webstore/detail/a%D1%80%D1%80-cr%D1%83%D1%80t%D0%BE/bhihlepfeofebhiafmidfeipambijdgl. I need to install it and log into coinbase / binance / etc to "verify I'm not a bot or money launderer." I read the reviews on the extension and it's glaringly obvious. The extension steals the login info of the wallet and the scammers empty it out. At this point I was certain this is a scam, but I spun up a VM to install it so I can get to the bottom of this.

    Sure enough, another attempt to withdraw was met with failure, and further talk with the support rep informed me that I need to have at least $500 of bitcoin in my online wallet in order to be verified. After all these red flags, I'd have to be an idiot to go through with that, so I finally called them out on it. Alas, the rep promptly disconnected from the live chat and banned me from the gambling chat for good measure.

    I know enough about scams to not fall for stuff like this, but I can totally see how people can. There's some techniques used in order quell the doubts that pop up while going through the hoops. There's the low initial giveaway (>$100 seems believable), the rush of gambling (ESPECIALLY for people who are prone to these addictive behaviors) and "winning" $2k in realtime. This all reminds me of the old "sign up for x to unlock free y" scams that were all over the internet a decade ago, but a lot more nuanced and sophisticated. There's probably dozens, if not hundreds of these sites out there, but I feel the more info is out there the less people will end up falling for it.

    TL;DR: If you get a message on Discord saying you won a small amount of bitcoin, ignore it. It's a scam.

    submitted by /u/KamiKazeKenji
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    TIL: Over 9000 in the German version is Over 8000. Coincidentally US$9000 roughly equals 8000 Euro.

    Posted: 27 Jan 2020 05:20 AM PST

    My son just told me, that in the German version of Dragonball, Vegeta says "Over 8000" instead of "Over 9000". I checked it and Wikipedia confirms it.

    I think this is hilarious, because in German money, 8000 Euros equals US$ 9000. The memes are compatible.

    submitted by /u/raumi75
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    Today Is More Evidence for Bitcoin’s Claim to Being a Safe Haven

    Posted: 27 Jan 2020 11:25 AM PST

    $9,000 Psychological Barrier. Will BTC Break That Today?

    Posted: 27 Jan 2020 12:52 PM PST

    Supply and demand, these two will make so much money they will finally launch their revenge child. BroBook.com

    Posted: 27 Jan 2020 02:30 PM PST

    An Update is coming to Singapore’s Regulatory Framework For Digital Payments

    Posted: 28 Jan 2020 01:02 AM PST

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