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    Bitcoin Daily Discussion, February 16, 2020

    February 16, 2020

    Bitcoin Daily Discussion, February 16, 2020

    Daily Discussion, February 16, 2020

    Posted: 15 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
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    Please can we all search this and then click feedback to report this misinformation

    Posted: 15 Feb 2020 07:59 PM PST

    With the next halving, the BTC inflation rate will drop below the US dollar inflation rate.

    Posted: 15 Feb 2020 07:24 AM PST

    With the next halving, the BTC inflation rate will drop below the US dollar inflation rate.

    This will be new territory for Bitcoin, never seen before.

    BTC inflation rate is about 3.67% right now. source: https://www.bitcoinblockhalf.com/

    US Dollar inflation rate is about 2.5% right now. source: https://www.usinflationcalculator.com/inflation/current-inflation-rates/

    After the halving, the BTC inflation rate will drop to 1.8%.

    Furthermore I am of the personal opinion that economic fallout from China's Covid19 actions will trigger a global recession, and a severe one at that. I suspect many governments will inflate their currencies even more than they already do.

    Regardless, Bitcoin is entering uncharted territory for the first time in its existence.... beating the US dollar in an important benchmark. It will be close, but BTC will have the slight edge. I am not educated enough to predict ramifications of this, but it's not a trivial milestone.

    Any thoughts on BTC passing the USD?

    EDIT: many posters have corrected my misconception... I indeed am comparing apples and oranges. I should have been comparing the "new" supply of BTC (although that itself is debateable) to newly created currency (though that gets tricky too, with fractional reserves). Long story short, it's more complicated than I set out. I'll leave my statements up so others can see what a fool I am, and point and laugh as they see fit. Be kind to one another, we are all here for love of BTC.

    submitted by /u/AManInBlack2017
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    Andreas has invited everybody to read and collaborate on his new book, "Mastering the Lightning Network"

    Posted: 15 Feb 2020 11:30 PM PST

    9.9k

    Posted: 15 Feb 2020 08:43 AM PST

    Why are you booing me? I'm right!

    Posted: 15 Feb 2020 12:13 PM PST

    I was pissed that my car insurance didn't cover a replacement bearing but this made my day

    Posted: 15 Feb 2020 10:52 PM PST

    DEA seized a womans bag of cash at an airport; it was her dad life savings

    Posted: 15 Feb 2020 09:33 AM PST

    Bitcoin ate too much tether and got sick

    Posted: 15 Feb 2020 06:34 PM PST

    Bitcoin ATMs Grow in Number Reaching Almost 7,000 in Operation Around the World

    Posted: 15 Feb 2020 08:11 PM PST

    China quarantines cash in outbreak regions

    Posted: 15 Feb 2020 02:21 PM PST

    The depressing reality of a new hodler

    Posted: 15 Feb 2020 03:51 PM PST

    Everyone: "Bitcoin will hit 100k by the end of this year!"

    Old school investors: "Finally! Just one more year of 9-5 and then it's freedom!!!"

    Me with 350 euros on Bitcoin: "I will be able to buy a new macbook then... cool"

    submitted by /u/notowisu
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    And Then They Fight You - Trump's Intelligence Adviser Hires 2 Researchers to Stop Cryptocurrencies From Overtaking Dollar as World Reserve Currency!

    Posted: 16 Feb 2020 01:36 AM PST

    How Betting On Bitcoin Is Turning Big Profits | NBC Nightly News

    Posted: 15 Feb 2020 09:14 PM PST

    Never put all your eggs into one basket.

    Posted: 15 Feb 2020 10:08 PM PST

    China's central bank is disinfecting and isolating used banknotes to stop the spread of coronavirus [Bitcoin users not affected]

    Posted: 15 Feb 2020 08:35 PM PST

    Takeaway.com allows you to pay with Bitcoin!

    Posted: 15 Feb 2020 01:11 PM PST

    "bitcoin halving" search term breaking above "string theory", will soon be above "quantum mechanics"!

    Posted: 15 Feb 2020 06:15 PM PST

    Block ⁅Halving⁆ Party 3.0!!! May 21st 2020, Tel Aviv. Be there!

    Posted: 15 Feb 2020 09:55 AM PST

    Would it be wise to buy bitcoin right now?

    Posted: 15 Feb 2020 04:05 PM PST

    I've been reading about the halving that's supposed to happen in May, and I really don't have a huge understanding of how this all works, but from what I understand it would be a good idea to buy some bitcoin right now. I'm not rich or anything so I could probably only get a couple hundred dollars worth; but anyone have any pointers on if this is dumb or smart?

    submitted by /u/whiskeydorito
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    Buy bitcoin

    Posted: 15 Feb 2020 01:37 PM PST

    Anyone know where I can buy crypto with my google play bal? I used a gift card and have some money left.

    submitted by /u/Maniiez
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    If you are curious but afraid of trying to set up your own node, I made a myNode tutorial that's super easy. Parts, assembly, and software setup. No more excuses!

    Posted: 15 Feb 2020 09:29 AM PST

    This Week's Top Bitcoin, Cryptocurrency, Finance & Global News Headlines

    Posted: 15 Feb 2020 10:20 PM PST

    Weekend meme

    Posted: 15 Feb 2020 07:48 AM PST
    Read more
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