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    Bitcoin Daily Discussion, March 27, 2020

    March 27, 2020

    Bitcoin Daily Discussion, March 27, 2020

    Daily Discussion, March 27, 2020

    Posted: 27 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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    we were all no coiners once

    Posted: 26 Mar 2020 04:39 PM PDT

    Coinbase fee to buy and sell 2 bitcoins comes to $375. I think this is excessive.

    Posted: 26 Mar 2020 10:22 PM PDT

    Why is it so expensive? There is no way on earth that coinbase paid $375 for the round trip buy and sell. I would like to make more buy and sell transactions but this is insanity.

    submitted by /u/IceColdSeltzer
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    Tyler Winklevoss: Bitcoin is the Only Vaccine in the World for Money Printing Disease

    Posted: 26 Mar 2020 10:31 AM PDT

    We know Bitcoin saved Wikileaks (@WikiLeaks was forced to receive donations only through BTC, since Visa/Master/AmEx/PayPal/etc were cut off via USA embargo). Do you know of any other cases where Bitcion allowed people & organizations to survive economic embargos?

    Posted: 26 Mar 2020 04:44 PM PDT

    The Federal Reserve is now printing $1 million every second. It's balance sheet increased by a record $586 billion last week, that's $84 billion a day and $60 million per minute. This is why bitcoin was created.

    Posted: 26 Mar 2020 04:15 PM PDT

    The halving is near. Do you have your ticket?

    Posted: 26 Mar 2020 11:23 AM PDT

    Go look at the history books. What's happening to 'money' now is exactly what happened to every fiat currency since the beginning of time.

    Posted: 27 Mar 2020 12:03 AM PDT

    This Crisis will Make Bitcoin‘s Benefit over Current System Apparent – Tim Draper

    Posted: 26 Mar 2020 12:08 PM PDT

    WOW ��

    Posted: 26 Mar 2020 09:17 AM PDT

    An update to the BTC ATM I had put in my business...

    Posted: 26 Mar 2020 04:02 PM PDT

    Hey everyone. Back in mid December I had a Bitcoin ATM put in my shop and posted the great news to the sub. It was well received before I guess the ATM posts started being looked upon as played out.

    In the comments I mentioned that if you guys wanted, I would be more than happy to post some stats on how well the ATM was doing. I'll have you know I did some super diligent tracking the first month, but then afterwards it was looking as though I found a buyer for the shop and my priorities shifted. I don't have those hard numbers right now and I'll explain why at the end, but here's the general idea of how these ATM's do in the day-to-day...

    • Almost everyone has heard of bitcoin, almost everyone has no idea what it's about or how it works.

    In the beginning a lot of people asked about the ATM. I told them it was for bitcoin and I even tallied if I deemed it to be a positive, negative, or indifferent reaction. Most people were indifferent. There were a handful of negative reactions, and after probing it turns out they either sold their bags long ago in a correction, or sold at what they thought was the top. A notable interaction I had with some customers was this pair of women who were young and looked/talked like the last sort of person you would imagine talking about BTC. When they opened up on it? Wow. They basically had the kind of mini debate on the topic that was extremely insightful on the base level. The kind of back and forth you would find even on here when relating to the future of bitcoin as money. I was really impressed hearing it, because it gave me hope that the every day person has the capacity to embrace it.

    • ATM's are scam central.

    Someone commented in that last post over how popular these ATM's are with scammers. I was naive in thinking it would be a once in a while ordeal. NOPE. 90% of all the traffic the ATM gets is people getting scammed. Over the last few months it's gotten really easy to spot who's getting worked and who isn't. Here's the crazy thing...THEY DON'T LISTEN. At all. I've tried every possible method. I've tried pleading with their sense of logic. I've tried accurately telling them HOW they're being scammed without them telling me details. I've tried being on the mean side to snap them out of it. In the last 3 months I have only managed to successfully thwart one attempt, and that was by literally pulling the plug on the ATM. It was crazy. There was this old man...had to be in his 70's...on speaker phone with the scammer that was telling him what to do. It was so obviously a scam that I was pleading with this guy not to do it. He ignored me completely as he followed the instructions on the other line. Before he got the chance to put money in I unplugged the machine and told him to pass me the phone. Immediately after hearing that the scammer hung up and I finally was able to talk some sense to the guy. That's it. The only victory I can claim. Every other person thoughtfully listened to me and proceeded to feed the machine anyways. What's worse is how they ALWAYS say they're gonna try it once just to see and they won't be back....and they ALWAYS come back. The most common victim is older men in their 40's-60's, all helping their out of country/state girlfriends that they have never met. Other notable scams are the put x amount in and get double back, pay x amount for the supplies you need for this new job you're starting, and the ever popular bail bondsmen/IRS payment to avoid arrest (that was the old old guy's scam). It's so frustrating that now, when a new one comes in, I'll tell them that if they don't listen to my advice, that i will not lift a finger to help them in any way. Doesn't matter....they just keep coming back in as the scammer slowly juices them.

    -There is hope

    While the majority are love sick men that throw their money away until they're broke/fed up, there are SOME people that get it. They don't put in much, but they put some in every chance they get. I even have 2 or 3 people that understand exactly what bitcoin is and put some serious money in. Interestingly enough, the majority of the ones that get it and are using the ATM how it's meant are women. I help these people in every way i can, making suggestions and giving tips where applicable. Also, the simple presence of the bitcoin has its own affect. People see that it's not just some thing they see sometimes on the news. It's in their face and out in the real world. It's sparked conversations with people that simply needed a tiny push to believe it's not going anywhere. I even got one lady to buy a full bitcoin (i can only hope she listened to my advice on holding strong, because it was before the major correction a few weeks back)

    Conclusion- These ATM's and how they're used show a clear sign that to the everyday public, we are nowhere near close to mass adoption. But they are getting used, and every day it's in my store, it shows the everyday public where the future is heading. Unfortunately I don't have those hard numbers for you because as of yesterday, my business was closed by the health dept due to COVID-19 (Smoke shops are not considered essential). Sure, I could go back into the store and get those numbers, but I got much bigger things on my plate to worry about. My landlord has chosen to stay silent and use the property manager as a buffer to give vague answers as to what I'm liable for. As of today still no word. So yeah...kinda mega screwed for who knows how long in how I'm going to pay my bills. That is, unless of course I want to sink myself in debt with some SBA loan that will take far too long to even hope getting approved for (I tried applying for one when i opened over 8 years ago and the process took months, only to be declined). Now that I am ripe with free time, I figured i would take some of it to finally give some of you the info I promised. Be safe out there and wish me luck in not going under. If you have any other questions i'm more than happy to answer in the comments.

    submitted by /u/JoeyBlackTie
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    Why not print 3 Trillion or 30 Trillion. The stock market would skyrocket

    Posted: 26 Mar 2020 11:08 AM PDT

    So far I don't see anybody has a problem with that

    submitted by /u/rarikola
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    Binance unveils debit card to pay with Bitcoin

    Posted: 27 Mar 2020 03:01 AM PDT

    Bitcoin is a Rally Cry - to all Americans in the world, stay humble, stack sats, and hold the damn line. Whatever it takes.

    Posted: 26 Mar 2020 12:03 PM PDT

    People starting to realise what seems to be obvious to some of us

    Posted: 26 Mar 2020 11:28 PM PDT

    naive people on here and elsewhere

    Posted: 26 Mar 2020 04:01 PM PDT

    there is no secret trick to this shit... there is no way to double your money etc from scammers or random emails, texts, donations for corona etc.. im honestly kind of tired of seeing people fall for naive comments, advice, and hackers asking for info or btc donations... im REALLY new to this shit and the failure of so many to see through bullshit baffles me... also just read an article about a dude losing 10k on coinbase. WHY THE FUCK would you leave that much on coinbase. and WHY would u open a text asking for verizon phone number authentication WHILE ALSO leaving that much money on coinbase... UGH

    if you take this shit seriously you have to treat it like a legitimate form of investment. you don't see people going: "how to double all your value in stocks by clicking this email!" yet there are so many people in this BTC community falling for BASIC and OBVIOUS scams. its sort of ironic considering these people want bitcoin to be taken seriously yet they think it's this weird anomaly to other investment types where there are these secret random tricks and ways to double down or make way more than everyone else overnight. if these tricks worked everyone would be doing them. if these tricks worked it would also mean bitcoin is a fucking joke.... get my message?

    SUMMARY TO NOOBS EVEN THOUGH IM A NOOB WHO BOUGHT IN TWO WEEKS AGO BUT SEEM TO SEE IDIOTS EVERYWHERE LATELY: dollar cost averaging. avoiding any attempts to catch a falling knife. knowing when to cut your losses. simply not being ridiculously greedy and learning when to cash out profits (if thats your goal instead of HODLing)AND LASTLY being ok with paying another 50 or so for a cold storage wallet is like literally the playbook you should go by for this shit. there is no magic secret shit you're missing. read the fucking news and learn to form your own opinions. rant over. im drunk....

    submitted by /u/bobgravity1
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    Cash App now let's you view your total in Satoshi.

    Posted: 26 Mar 2020 09:59 AM PDT

    Kinda neat. Not many exchanges have done so. A lot of people don't even know about the divisibility.

    submitted by /u/HeyMistrScaredy
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    Bitcoin Core behind Tor (Mac)

    Posted: 27 Mar 2020 02:47 AM PDT

    Hi guys, I am not a tech guy but I would like to do my part.. After days of syncing i am finally running Bitcoin Core on my Mac. It works great, it's just that having my IP public it doesn't make me very comfortable, that's why I read it would be better to use a Tor hidden service. But what app should i use? The Tor browser? On my Mac I downloaded the Tor browser, do I have to get my onion address from there? Where do I get this onion address to sync my node anonymously?

    Thanks in advance for any response.. I tried googling a bit but all I got was Windows and Linux step by step guides.

    submitted by /u/destrocci
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    VIDEO: Kraken Is Hiring Despite Market Volatility | Forbes

    Posted: 26 Mar 2020 10:13 AM PDT

    Who runs the Bitcoin operation in Ocean Falls, BC?

    Posted: 26 Mar 2020 09:35 PM PDT

    CME Group board of directors nominee says the firm should start mining bitcoin

    Posted: 26 Mar 2020 07:58 AM PDT

    At Buycrypto.Today a valid SEPA IBAN is all that is needed to create buy and sell offers for Bitcoin. It's a new P2P exchange for the Greek and European market.

    Posted: 27 Mar 2020 02:04 AM PDT

    Bankers and Politicians Call Bitcoin a Bad Idea, and This Is the Best Proof That It Can Succeed in Its Mission

    Posted: 26 Mar 2020 03:14 PM PDT

    Is there a Bitcoin subreddit in Spanish?

    Posted: 26 Mar 2020 08:34 PM PDT

    I'm looking for an active Spanish-language Bitcoin community but can't find anything. Will it exist?

    submitted by /u/robok3000
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    If in 10 years from bitcoin was to be still fluctuating between 5k and 10k what would you do?

    Posted: 26 Mar 2020 09:02 AM PDT
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