• Breaking News

    Saturday, February 15, 2020

    Home Unlabelled Bitcoin Daily Discussion, February 15, 2020

    Bitcoin Daily Discussion, February 15, 2020

    February 15, 2020

    Bitcoin Daily Discussion, February 15, 2020

    Daily Discussion, February 15, 2020

    Posted: 14 Feb 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
    [link] [comments]

    Spotted in Denver on a street performer’s speaker.

    Posted: 14 Feb 2020 03:38 PM PST

    Always the case..

    Posted: 14 Feb 2020 11:40 PM PST

    What little things have you forgone because you rather have the Sats?

    Posted: 14 Feb 2020 06:52 PM PST

    With inflation money it's buy a bunch of shit you don't really need now. Like how in stores, you get a discount if you buy a year's worth of toilet paper vs what you need until the next trip to the market.

    But with Bitcoin being disinflationary, you, generally, lose sats when you spend more outright vs buying what you need now because you save more from the value of sats.

    Personally, today I didn't get the 3000 ft^2 costco saran wrap that I normally get every 5 years.

    submitted by /u/Buttoshi
    [link] [comments]

    Me convincing friends to buy Bitcoin

    Posted: 14 Feb 2020 11:25 AM PST

    PSA: Every time you use Coinbase, you are voting for a surveillance state.

    Posted: 14 Feb 2020 11:27 PM PST

    If we sacrifice privacy for convenience, we shall have neither.

    submitted by /u/anon517
    [link] [comments]

    How hard would it be to generate a bitcoin private key by hand?

    Posted: 14 Feb 2020 10:32 PM PST

    So we call know you can roll dice 64 times and input the values into a program and generate a bitcoin private and public key.

    What I am wondering is how one would do this process by hand without inputting any of the dice roles into a computer. Generating from start to finish with pen and paper.

    submitted by /u/FluxSeer
    [link] [comments]

    Selling my Nintendo and whiskey collection for bitcoin.

    Posted: 14 Feb 2020 09:18 PM PST

    I've put this off for two years. I'm selling all of my rare shit and going all in on bitcoin. Collectively my Nintendo collection and whiskey collection is enough for a nice start

    Long btc

    submitted by /u/skrillabobcat
    [link] [comments]

    Just to put things into perspective: Central banks around the world keep the printing press rumbling

    Posted: 15 Feb 2020 01:30 AM PST

    Excellent

    Posted: 14 Feb 2020 08:26 PM PST

    Been waiting for this beauty:)

    Posted: 14 Feb 2020 10:30 PM PST

    Happy Valentine's Day :)))

    Posted: 14 Feb 2020 08:37 AM PST

    Volume has been picking up steadily since December, looks like we are in for another run, opinions?

    Posted: 14 Feb 2020 03:12 PM PST

    Samourai Whirlpool not available?

    Posted: 15 Feb 2020 02:57 AM PST

    Hey,

    I wanted to try out samourai's whirlpool, installed the win softwareconnected, but I see no option to start the process. In the documentation they say there is a tx0 button on the far right.

    There is no such button. Is this service not available, yet? It seemed to me that quite a few people are talking about this service working already.

    Am I just too stupid to start the process or does it just no work yet?

    submitted by /u/blackcurtainz
    [link] [comments]

    Bitcoin ATM spotted in Norway @ Epicenter

    Posted: 14 Feb 2020 12:48 PM PST

    Does anybody remember what happened here?

    Posted: 15 Feb 2020 01:53 AM PST

    Lightning BTC ATM in Prague!

    Posted: 14 Feb 2020 10:08 AM PST

    Halving simplified. The #Bitcoin mining reward halves every 210,000 blocks (~4 years). This creates market cycles. The next halving happens in 3 months. The mining reward will drop from 12.5 to 6.25 BTC. 50% less #BTC produced. Exponential growth in users. You do the math!

    Posted: 14 Feb 2020 08:11 AM PST

    Randomly found this little buddy in an OK gas station

    Posted: 14 Feb 2020 12:12 PM PST

    Bitcoins are stupid, they're just a bunch of numbers on someones computer. Who'd be dumb enough to pay money for them ?

    Posted: 14 Feb 2020 12:30 PM PST

    Can you believe I was once dumb enough to think that !

    This was just after reading an article about how banks had cut Wikileaks access to traditional banking services, and they had turned to something called Bitcoin, that at the time were worth $1.20 each ( if I recall correctly ).

    If only I could turn back time ...

    submitted by /u/DizzyClue
    [link] [comments]

    16th Amendment and The Grace Commission

    Posted: 15 Feb 2020 12:37 AM PST

    We have previously encountered Senator Nelson Aldrich in the context of the formation of the Federal Reserve in 1913:

    Well, it turns out he played a pivotal role in another significant piece of legislation.

    The 16th Amendment...

    The 16th Amendment states that:

    "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration."

    Now an income tax amendment to the Constitution was first proposed by Senator Norris Brown of Nebraska.

    He submitted two proposals, Senate Resolutions Nos. 25 and 39.

    However, the amendment proposal finally accepted was Senate Joint Resolution No. 40, introduced by Senator Nelson W. Aldrich of Rhode Island, the Senate majority leader and Finance Committee Chairman.

    Clearly, as we have seen in the Federal Reserve story, Aldrich was a man of significance with some pretty powerful friends. The 16th Amendment became part of the Constitution on February 25, 1913. This is the same year in which the Federal Reserve Act was passed, on December 23rd 1913.

    The Sixteenth Amendment exempted income taxes from the constitutional requirements regarding direct taxes, after income taxes on rents, dividends, and interests were considered direct taxes and ruled to be illegal.

    Some would say that Federal income tax on labour has been unlawfully imposed on the American people and kept in place for over a century, contrary to various rulings by the U.S. Supreme Court.

    But why? And where does the money go?

    Well, it exists such that successive federal governments can continue to pay the interest on money which, since 1913, they have been obligated to keep borrowing from central bankers, and which the government previously could print independently.

    Now of course: the Federal Reserve is the Independent Agency that controls the money supply. Don't just take my word for it, this is confirmed by former Chair of the Federal Reserve Alan Greenspan.

    In 1984, US President Ronald Reagan requested an investigation, authorized in Executive Order 12369 on June 30, 1982.

    President Reagan used the now famous phrase, "Drain the swamp".

    The focus was waste and inefficiency in the US Federal government, and became known as The Grace Commission.

    Its head, businessman J. Peter Grace, asked the members of that commission to "Be bold and work like tireless bloodhounds, don't leave any stone unturned in your search to root out inefficiency."

    Members of his team included one hundred and sixty-one top executives, assisted by 2,000 volunteers from the private sector.

    They contributed more than $75 million worth of their time and resources to examine all major federal programs and agencies.

    In January 1984, the Grace Commission's work culminated in a report.

    The conclusion of that report?

    "One third of all income taxes is consumed by waste and inefficiency; one third is not collected due to the underground economy; and 100% of all income taxes are absorbed by interest plus government contributions to transfer payments."

    In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government...

    https://www.youtube.com/watch?v=6H8mBm4_SLw

    submitted by /u/financeoptimum
    [link] [comments]

    Sweep private keys (electrum) + Empty cold wallet

    Posted: 15 Feb 2020 02:07 AM PST

    Is this essentially the same thing? If I have a cold wallet, and I "sweep the key" in Electrum, what exactly is happening here?

    submitted by /u/stuffmusic
    [link] [comments]

    It seems, Microsoft has removed Bitcoin from the payment options.

    Posted: 14 Feb 2020 03:24 PM PST

    It seems, Microsoft has removed Bitcoin from the payment options.

    We are currently making an aggregator of companies accepting crypto and we try to hand check, if every company still accepts it. When I checked Microsoft, I couln't find it on the payments page where it used to be (checked a reddit screenshot posted here 2 months ago). Did they make any official comments regarding it?

    UPD. Screen from the Reddit post made 2 months ago

    https://preview.redd.it/hizc7xwb7zg41.jpg?width=1280&format=pjpg&auto=webp&s=2015095bd2a0f5555f033ca89eaf2734ee7b1820

    Now it's like this. Only gift cards

    ​

    https://preview.redd.it/i1tzo0pe7zg41.jpg?width=959&format=pjpg&auto=webp&s=33ee5279fe43f068ef23132f02aca75b7855aac6

    ​

    Just in case you are interested in the aggregator, it's here

    submitted by /u/puerhood
    [link] [comments]

    BTC ATM's installation and business model - advice sort

    Posted: 15 Feb 2020 03:45 AM PST

    Hello Bitcoinners

    I am UK based and looking to setup a BTC ATM, initially just one or maybe two locations, I'd rather not lease or take on a franchise, but run a machine myself. Has anyone any experience in this?, where's a good place to buy the actual machines? - I've seen a range of prices from US to China, how is easy is the software setup? I know the turnover question is difficult to answer but selling small amounts of SATs, can one location sell up to 1 btc per day?, any other things I should be aware of? BTW am pretty much clued on local laws in the UK.

    Thanks in advance

    submitted by /u/ozomedia
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment