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    Bitcoin Daily Discussion, March 21, 2020

    Bitcoin Daily Discussion, March 21, 2020


    Daily Discussion, March 21, 2020

    Posted: 21 Mar 2020 12:00 AM PDT

    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 Bitcoin price this week in a nutshell

    Posted: 20 Mar 2020 02:03 PM PDT

    Trump may halt all Stock trading. This is crazy.

    Posted: 20 Mar 2020 05:56 AM PDT

    Fed to Inject $1.5 Trillion into the economy. I calculated it into bread.

    Posted: 20 Mar 2020 11:37 PM PDT

    The least expensive loaf of bread we buy at the store is around $2.50. There are around on average 20 pieces of bread per loaf. The government will inject 1.5 trillion to the economy equal to about six hundred billion loaves of bread. Which is about 1.2e+13 slices of bread

    The population of the US: 327.2 million

    If the bread is distributed to each person although they aren't, each person theoretically gets: 1,833 free loaves of bread or 36,660 slices of bread.

    If each person eats 8 slices per day, it will take each person 12.5547945 years to finish all the free bread.

    So the money the Fed injected is enough to feed everyone in the US 8 slices a day for 12 years.

    I hope other people can calculate it better.

    submitted by /u/kola401
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    When I think about THE global financial crisis that just started

    Posted: 20 Mar 2020 03:56 PM PDT

    "I don't look at recessions as a bad thing. I mean, it's bad for America. It's bad for the people that are unemployed. It's usually an opportunity for J.P. Morgan." - Jamie Dimon, CEO of J.P. Morgan Chase

    Posted: 20 Mar 2020 09:15 PM PDT

    Everyone has a responsibility to reject the EARN IT bill sponsored by Senators Lindsey Graham (R-SC) and Richard Blumenthal (D-CT). Its sweeping implications on privacy have elicited comparisons to the infamous Patriot Act that came under the guise of fighting terrorism.

    Posted: 21 Mar 2020 12:06 AM PDT

    Technical question: why was sending bitcoin to ip adresses abandoned?

    Posted: 21 Mar 2020 02:53 AM PDT

    In one of the early emails to Mike Hearn Satoshi writes:

    Satoshi Nakamoto satoshin@gmx.com
    Sat, Apr 18, 2009 at 10:52 PM To: Mike Hearn mike@plan99.net

    [...]

    Transactions sent to a bitcoin address will always say "from: unknown". The transaction only tells who it's to. Sending by bitcoin address has a number of problems, but it's so nice having the fallback option to be able to send to anyone whether they're online or not. There are a number of ideas to try to improve things later. For now, if things work out like the real world where the vast majority of transactions are with merchants, they'll pretty much always make sure to set up to receive by IP. The P2P file sharing networks seem fairly successful at getting a large percentage of their users to set up their firewalls to forward a port.

    [...]

    Source: https://plan99.net/~mike/satoshi-emails/thread1.html

    So he considered sending bitcoin to a bitcoin adress a 'fallback option' only, with a number of problems (?) and the vast majority to be set up to recieve by IP.

    Why was this, and why was this abandoned later? Can anybody eli5?

    Many thanks in advance.

    submitted by /u/Rattlesnake_Mullet
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    Finally got a Trezor!

    Posted: 20 Mar 2020 04:45 PM PDT

    Just your normal, healthy $1275 swing in BTCUSD

    Posted: 20 Mar 2020 06:31 PM PDT

    Multisignature technology question

    Posted: 21 Mar 2020 01:42 AM PDT

    I am interested in how multisignatures in bitcoin or in cryptography in general are created(some code and math) and how they are verified(code and math) . I understand how ECDSA signatures work and there is plenty of info out there. However there are no real technical explanations for multisignature technology in bitcoin or in general. I've been searching through the internet and bitcoin core like a dummy and I cant find anything. Help is much appreciated.

    submitted by /u/frturtle
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    Comparison between should I buy bitcoin vs should I sell bitcoin on google trends. How significant do you guys think this is?

    Posted: 20 Mar 2020 12:07 PM PDT

    Tim Draper: Bitcoin, Not Governments Will Save the World After Crisis

    Posted: 20 Mar 2020 05:46 AM PDT

    Federal Reserve Balance Sheet. This is BEFORE announcing $1 trillion daily repo operations...

    Posted: 20 Mar 2020 07:22 PM PDT

    Police Arrest Woman for Stealing 63.5 BTC from a Company She Co-founded

    Posted: 21 Mar 2020 03:43 AM PDT

    When banks start limiting withdrawals and bank cards stop working again like 2008, who is going to sell btc and turn it into dollars in a bank account?

    Posted: 21 Mar 2020 03:14 AM PDT

    No one.

    New supply is about to be cut in half right as selling pressure is going to dry up.

    You do the math.

    submitted by /u/slvbtc
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    CNN Warns Against Bank Runs | Bitcoin’s Rebound | Italian Bank Adds Bitcoin Wallet

    Posted: 20 Mar 2020 02:59 PM PDT

    Coinbase outrageous fees and spread, is there a better alternative?

    Posted: 21 Mar 2020 12:54 AM PDT

    Fee 1.49 percent which is insanely high and then when you go to buy or sell, the executed price is a lot different than current market price, what the hell??? So, they get a fee and a spread? Is there a better platform for trading?

    submitted by /u/mswecker1979
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    To anyone that had the cojones to buy big in the last couple of days - well done, gamblers!

    Posted: 20 Mar 2020 04:03 AM PDT

    Congratulations to anyone who caught the falling knife. Remember to dollar cost average, and take control of your keys!

    Lots of volatility ahead, good luck all!

    submitted by /u/SatoshiSounds
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    Bitcoin social volume just moved to a HUGE yearly high of 358,453 social posts today. To compare, the entire market had 434,483 posts on across ALL coins.

    Posted: 20 Mar 2020 04:45 PM PDT

    Sounds legit bro

    Posted: 20 Mar 2020 05:54 PM PDT

    15 hours left to ANDREAS ANTONOPOULOS March Livestream Q&A - prepare and ask questions live!! Andreas finally coming back after 2 month break.

    Posted: 20 Mar 2020 04:11 PM PDT

    One bright side of all this...

    Posted: 20 Mar 2020 06:47 PM PDT

    Investments funds have been dumping BTC hard (I don't think they have much more BTC left to sell). They are forced to do it. In times like these they have to sell all volatile investments and Bitcoin is classified by them as the most volatile asset.

    The bright side: Cheap coins for the regular folk, who are waking up to what's really going on and scooping up all those coins.

    This is a better redistribution of wealth. Get yours while it's on sale. Bitcoin will eventually be the most valuable asset on earth.

    Central banks are printing trillions like there's no tomorrow, but this time is not working anymore to re-inflate the stock markets. Bitcoin has a limited and fixed supply, and the velocity of that supply will be cut in half in just 53 days more:

    https://www.bitcoinblockhalf.com/

    I think BTC will just go up from here (with occasional dips, of course).

    submitted by /u/simplelifestyle
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    The crypto king is on fire! Bitcoin price rockets 23% as investors look for a new safe haven.

    Posted: 20 Mar 2020 05:01 AM PDT

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