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    Bitcoin Daily Discussion, February 29, 2020

    Bitcoin Daily Discussion, February 29, 2020


    Daily Discussion, February 29, 2020

    Posted: 28 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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    Today’s tax meeting didn’t go well...

    Posted: 28 Feb 2020 05:34 PM PST

    AMA with Jimmy Song - Learn everything you ever wanted to know about Bitcoin

    Posted: 28 Feb 2020 01:39 PM PST

    AMA with Jimmy Song - Learn everything you ever wanted to know about Bitcoin

    Tune in and ask Bitcoin educator and developer Jimmy Song a question during this live Q&A on Tuesday, March 3rd.

    Jimmy Song AMA

    Here are just some of the topic's he'll cover:

    • Why sound money is important in 2020
    • What's wrong with keynesian economics
    • How he wrote a book about Bitcoin with a team using software sprint techniques to get it done in a few days
    • How Bitcoin works (technical questions welcome)
    • Bitcoin mining and debunking misconceptions about it
    • Why Bitcoin is superior to altcoins
    • Why hard forks are altcoins

    You can ask Jimmy a question here: https://event.swanbitcoin.com/jimmysong/

    Even if you can't make it, sign up anyway. We'll send you the recording.

    submitted by /u/kensav
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    #DeleteCoinbase :: Coinbase is among more than 2,000 entities from around the world working with or trialing controversial facial recognition technology from Clearview, according to a report.

    Posted: 28 Feb 2020 07:44 PM PST

    In a landmark case an Australian judge has ruled Bitcoin is a legitimate investment vehicle that can be used as financial collateral.

    Posted: 29 Feb 2020 01:00 AM PST

    Food supplies,,, Check ✓

    Posted: 28 Feb 2020 05:13 PM PST

    Half of Cash App’s revenue now comes from Bitcoin

    Posted: 28 Feb 2020 11:20 AM PST

    Just bought some bitcoin on a plane

    Posted: 28 Feb 2020 05:39 PM PST

    Turbulence was really bad so I FOMO'd for my loved ones. Turbulence settled. Drinking some jack now. To the moon!

    submitted by /u/irir8
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    Any place where I can pay for hoes with bitcoin? Asking for myself.

    Posted: 28 Feb 2020 03:51 PM PST

    Thanks

    submitted by /u/notowisu
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    BTC wallet implat

    Posted: 28 Feb 2020 04:27 PM PST

    I work at Czech Republic in caffebar where they accept BTC.

    Yeasterday one man bought 2 coffes with some cake (doesnt matter) and he paid with his HAND.

    First I thought its a joke, but fuck , he had a BTC wallet implant in his hand, damn he blowed my mind away. Future as fuck

    submitted by /u/skynetwardog
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    Diversifying Crypto Portfolio

    Posted: 29 Feb 2020 03:44 AM PST

    How do you guys diversify your crypto portfolio, i'm just interested to discuss how an average crypto portfolio should look like. Mine goes like this:

    (BTC - 40%) (ETH - 20%) (XRP - 10%) (LTC- 10%) (BAT + CRO + DASH + LINK + NEXO + XTZ - 20%)

    Open to advices and discussion, let me know if i'm doing this wrong and why you would think so!

    submitted by /u/Elphas419
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    How Big Is The Role Of Digital Asset Custodians In Enterprise Adoption? How do exchanges store your Bitcoins?

    Posted: 28 Feb 2020 02:49 PM PST

    Do you think that bitcoin will really replace fiat currency somewhere in the globe?

    Posted: 29 Feb 2020 02:44 AM PST

    I thought it was the target of an alternative real currency, but there are also people here that think fiat will always stay.

    submitted by /u/cenaluc
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    Where did the money go?

    Posted: 29 Feb 2020 04:34 AM PST

    So, we've had this huge drop in the stock market where people have exited their positions. But my question is where did that money go?

    I think I'm right in saying that it certainly didn't go into crypto.

    submitted by /u/bullett007
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    Hard choice to make

    Posted: 28 Feb 2020 04:45 AM PST

    WhEn M0on?!

    Posted: 28 Feb 2020 03:44 PM PST

    Bitcoin and deflation

    Posted: 28 Feb 2020 08:17 PM PST

    Stupid question I have already asked but I am still a total newbie here and would like your updated opinion on that : bitcoin is supposed to be an hedge to inflation and was kind of build for that.

    But it looks like we may head to deflation instead, at least for some weeks / months. So how is bitcoin supposed to react to a deflationary environment ?

    I would say it would drop hard like any other asset but I don't know well bitcoin and would love to see if I miss something as everyone seems to be confident that bitcoin is the solution for problems ahead.

    I will probably get insulted but isn't cash the best answer to deflation (just asking, not saying !) ? I am quite surprised not to find lectures/topics about bitcoin in a deflationary environment, please tell me if there is.

    Thanks

    submitted by /u/Mlkito
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    Small question

    Posted: 29 Feb 2020 01:15 AM PST

    When all 21 million Bitcoins will be mined, will miners still be needed or are nodes the only thing needed to keep the system working?

    submitted by /u/Sailmountainer
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    “Predicate is a long and unfamiliar word so I called it script”

    Posted: 29 Feb 2020 12:57 AM PST

    Satoshi in his wisdom timed the halvenings to fall on leap years (2012,2016,2020) -- so we have one more day to buy before price explosion :)

    Posted: 28 Feb 2020 12:31 PM PST

    The US closes big sale of $40 million Bitcoin

    Posted: 29 Feb 2020 02:25 AM PST

    HODL

    Posted: 28 Feb 2020 09:37 AM PST

    Dow Jones is down 1000 points already this morning. Down 4%. Bitcoin is only down 1.3%. Bitcoin is winning. Time to buy more and draw attention to Bitcoin. Attention brings new investors and higher prices. Rinse and repeat.

    Posted: 28 Feb 2020 07:34 AM PST

    This is good for Bitcoin.

    submitted by /u/BadBadgerChef
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    Taxes on exchange I haven’t KYCd?

    Posted: 28 Feb 2020 11:34 PM PST

    Basically I signed up for an exchange and it's only linked through my email, I haven't put my SSN or address (kyc). I only converted my ETH for some shitty alts (bad idea). I'm overall down at a loss, but since I haven't KYC'd is there a way to track me if I don't file for that exchange?

    I know I should pay taxes technically but I'm just asking out of curiosity

    submitted by /u/wetwoodfloors
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    Stop asking for fortune tellers. Nobody knows anything.

    Posted: 28 Feb 2020 03:00 PM PST

    So I scroll a lot and when a man scrolls a lot he gets tired of it by several different reasons. One more annoying than the other. Lately I see a lot of people asking "is bitcoin going down because of corona?", "will bitcoin hit 100k by eoy?", "is this a right time to buy or will it go deeper?". The answer is to every one of these is, nobody fucking knows. I mean think for a minute. How are we supposed to know? I mean, as far as I know could be a think that whales have that they sell and buy higher with their left hand and do the opposite with the right one just for the fun of it and we are at the mercy of which ball they need to scratch at the time, I am dead serious, this is as much of a valid reason as any other. Just stop already. Thank you!

    submitted by /u/notowisu
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