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    Bitcoin Daily Discussion, February 18, 2020

    Bitcoin Daily Discussion, February 18, 2020


    Daily Discussion, February 18, 2020

    Posted: 17 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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    The Milk Road managed to get 0.548 BTC

    Posted: 17 Feb 2020 10:15 PM PST

    Bitcoin Price Is Stagnating Around $10K Without Taking Off, and That’s a Great Thing

    Posted: 17 Feb 2020 01:19 PM PST

    The slippery slope of "I'm fine with KYC in Bitcoin, I'm not a criminal. I pay all my taxes."

    Posted: 17 Feb 2020 01:32 PM PST

    Once you grant a government the power of mass surveillance in the promise for safety and purpose of "catching criminals", it is not long before the loss of privacy turns against the law-abiding citizen, becoming a constant looming threat of control against political ideas that may conflict with government intentions. This is the seed of tyranny. There are too many examples in history to count, and even modern examples in countries such as North Korea and China. We don't need privacy, until we do.

    In 2013, the United States Internal Revenue Service (IRS) revealed that it had selected political groups applying for tax-exempt status for intensive scrutiny based on their names or political themes. This led to wide condemnation of the agency and triggered several investigations, including a Federal Bureau of Investigation (FBI) criminal probe ordered by United States Attorney General Eric Holder. (https://en.wikipedia.org/wiki/IRS_targeting_controversy) It is not an issue of corrupt foreign nations. It is an issue today, and it's happening even in the United States.

    Bitcoin, used properly, can be a powerful tool for freedom. But make no mistake, the government has long been waging war on freedom. And freedom has been losing since 1913. This isn't to say, we shouldn't pay our fair share of taxes, or break the law with complete disregard. But if we care about our freedom, we can benefit greatly from protecting our privacy and campaign against those who aim to take freedoms away.

    submitted by /u/anon517
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    How I imagine a Bitcoin holder calculates his taxes

    Posted: 17 Feb 2020 11:22 AM PST

    So you say cash was never Laundered? --hmm interesting.. Go on..

    Posted: 18 Feb 2020 02:16 AM PST

    We all know there will only ever be 21 million bitcoins, but did you know there are roughly 47 million millionaires in the world? That leaves only about half a bitcoin per millionaire, and none for anyone else!

    Posted: 17 Feb 2020 06:48 PM PST

    After a year of learning & coding I'm super excited to announce the release of Moonshine, a Bitcoin wallet

    Posted: 17 Feb 2020 06:53 AM PST

    Github: https://github.com/coreyphillips/moonshine

    Website: moonshinewallet.com

    iOS: https://apps.apple.com/us/app/moonshine-wallet/id1449385577?ls=1

    Android: https://play.google.com/store/apps/details?id=com.kisswallet

    Moonshine's key features include:

    • Bitcoin/Litecoin Mainnet & Testnet support
    • Bech32
    • Coin Control
    • RBF functionality
    • Multiple wallets
    • Support for both random and custom Electrum servers.
    • Biometric + Pin authentication
    • Custom fee selection
    • BIP39 Passphrase functionality
    • Support for Segwit-compatible & legacy addresses in settings
    • Support for individual private key sweeping
    • UTXO blacklisting
    • Ability to Sign & Verify Messages
    • Broadcast raw transactions

    Special shout-out to the beta testers, amazing developers and people in this space! I sent this message in the last beta build prior to release, but in case you didn't see it:

    Thank you for the amazing encouragement, support and critical feedback you have provided throughout the development of Moonshine. I'm constantly surprised how wonderfully supportive and helpful this community is. I have learned so much from everyones sheer willingness to share their knowledge and support. Thank you for helping me learn. Thank you for making Moonshine a joy to develop. Thank you for being awesome.

    Now that Moonshine is released I'm looking forward to implementing new features, continue working on bug fixes and ramping up development of it's Bitcoin Lightning-enabled variant, Moonshine Lightning. There's no better way to learn than to build.

    Onwards & Upwards!

    Edit: Thank you for the gold!

    submitted by /u/corey_phillips
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    Dispelling the Bitcoin regulatory FUD from Treasury Secretary and Forbes

    Posted: 17 Feb 2020 06:30 PM PST

    Bitcoin development visualized.

    Posted: 18 Feb 2020 12:25 AM PST

    Judge Bitcoin by yearly lows, not all time highs

    Posted: 18 Feb 2020 02:22 AM PST

    Source: https://www.newmine.io/blog/judge-bitcoin-by-yearly-lows-not-all-time-highs

    A lot of attention is given to the all time highs (ATHs) when it comes to the price of Bitcoin. The famous all time high of $20,000 is regularly thrown around and many people are on the lookout for when BTC may break this price again. The issue with ATHs is that they usually occur during a "bubble" where market hype drives the price to make new highs. These ATHs are usually short lived and don't really provide a concrete measurement to the value of Bitcoin. A better way to look at BTC's price is by looking at the yearly lows.

    • 2012: $4
    • 2013: $65
    • 2014: $200
    • 2015: $185
    • 2016: $365
    • 2017: $780
    • 2018: $3200
    • 2019: $3350

    By analysing the yearly lows, we can see that BTC's price has been growing strongly year on year. It would not be unwise to expect that the yearly lows will be hitting 5 figure sums within the space of 3-4 years.

    submitted by /u/FevaValas
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    Crypto exchange Bitfinex now runs the 5th biggest Lightning Network Node (28 BTC or quarter of a million$+ capacity)

    Posted: 17 Feb 2020 09:16 AM PST

    Over 23k More Bitcoin Mined than Predicted Since 2019

    Posted: 17 Feb 2020 10:17 AM PST

    New Survey Confirms that 7% of Savers Between 18 and 55 in Switzerland Own Bitcoin

    Posted: 17 Feb 2020 07:58 AM PST

    WHat is a Segwit wallet?

    Posted: 18 Feb 2020 12:13 AM PST

    I've made a segwit wallet in my ladger.

    I wasnt sure what it is, but ive moved some coins to it...

    COuld someone please explain in simple language what's teh difference between segwit and legacy?

    submitted by /u/SEAR_ME
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    Please share with your annoying bit-curious friends and family - Bitcoin Basics Podcast (019): Bitcoin Wallets #1 What is a Bitcoin wallet?

    Posted: 18 Feb 2020 12:46 AM PST

    Ripple CEO attacks BTC on CNN. What’s the rebuttal to this ?

    Posted: 17 Feb 2020 06:33 AM PST

    When Bitcoin crosses $20000 how will mainstream media report about it?

    Posted: 18 Feb 2020 01:31 AM PST

    Bitcoin is ranked 44th out of the World's Countries M2 Money Supplies

    Posted: 17 Feb 2020 04:45 PM PST

    54,000 + users joined r/bitcoin so far in 2020 !

    Posted: 18 Feb 2020 03:45 AM PST

    r/bitcoin reached 1,000,000 users on December of 2018.

    232,000 additional people (accounts) joined r/bitcoin in 2019

    54,000 people joined in the first few months of 2020 so far

    1,286,574 and counting

    I noticed this while I was on the Pareto Network, and I think more users will be joining r/bitcoin in 2020 than ever before. Welcome all!

    submitted by /u/example2019
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    190+ Hosting services accepting Bitcoin as a payment

    Posted: 17 Feb 2020 01:13 PM PST

    What are the drawbacks to using a company like blockfi? What else beyond "not your keys, not your bitcoin?" Or is that it

    Posted: 17 Feb 2020 08:25 PM PST

    For the love of G-d, fiat currency is the absolute biggest and longest con in history.

    Posted: 17 Feb 2020 02:58 PM PST

    "What is Bitcoin for?" - underrated tweet

    Posted: 17 Feb 2020 09:27 PM PST

    How To Buy Gold With Bitcoin

    Posted: 17 Feb 2020 02:50 PM PST

    If you have extra bitcoins, you should know that you have a ton of options if you wanted to spend it on gold and silver bullion (and jewelry).

    Both precious metals and crypto currencies are fungible, limited and don't depend on credit. Both can be used as money during period of inflation.

    Some of the best bullion dealers that accept bitcoin as payment include GoldSilver, SB Bullion, Money Metals Exchange and BitGild.

    Vaultoro is an excellent exchange for real-time bitcoin to gold trades.

    I put together a complete guide that teaches you how you can purchase gold and other precious metals with bitcoin if you wanted. Many of the companies are highlighted as well.

    Have a look at my guide if you want to learn more: https://www.smartbitcoininvestments.com/buy-gold-with-bitcoin/

    submitted by /u/squadus
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    ForkLog and Analytic Service Coingecko Announce Partnership

    Posted: 18 Feb 2020 01:54 AM PST

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