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    Bitcoin Daily Discussion, March 28, 2020

    March 28, 2020

    Bitcoin Daily Discussion, March 28, 2020

    Daily Discussion, March 28, 2020

    Posted: 28 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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    Today is Ross Ulbricht’s seventh birthday in prison. He is serving a double life sentence for making a website. Lets show some support for his clemency petition.

    Posted: 27 Mar 2020 12:55 PM PDT

    If Bitcoin ever goes to zero this is me. Are you man enough?

    Posted: 27 Mar 2020 06:16 PM PDT

    One million dollars every second. That's how much the Federal Reserve is printing. It's balance sheet increased by $586.1 billion last week to a record total of $5.24 trillion. Which is $84 billion a day and $60 million printed per minute.

    Posted: 27 Mar 2020 05:25 AM PDT

    Don’t panic. We are in a worldwide crisis, everything is collapsing, it’s natural. Also, remember Bitcoin true purpose. Hodl on.

    Posted: 27 Mar 2020 05:39 PM PDT

    The Internet is open source.The open source movement is the reason that technology has developed at such a breakneck pace for the past few decades.

    Posted: 27 Mar 2020 07:22 PM PDT

    During hard times and house arrest, people will look for online ordering food. Here we can build a list of groceries accepting BTC and can deliver at home

    Posted: 28 Mar 2020 04:08 AM PDT

    Hard times creates strong men, but right now we are in the 4th phase: weak men creates hard times...

    https://spendabit.co/go?q=groceries
    https://www.lieferando.de
    https://www.alza.cz/
    https://www.thuisbezorgd.nl
    https://spending-bitcoin.com/category/food
    https://lightningnetworkstores.com
    https://directory.btcpayserver.org/merchants/

    Post here others that you know them and accept BTC. Also those merchants that can deliver vitamins (C+D+Zn) that are very important as supplements on these days. Build your own self defense with a healthy body and load it with "bullets" for your anti-bodies.

    submitted by /u/Mr--Robot
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    Fed’s “infinite amount of cash” is biggest argument for Bitcoin yet

    Posted: 27 Mar 2020 04:50 AM PDT

    I created a python script that texts me the value of bitcoin every hour and you can use it for yourself.

    Posted: 27 Mar 2020 08:53 PM PDT

    If you have any background in python programming this should be simple to use. Using coinbase's API i grab the market value at any point i want, my choice is hourly, you can make it daily, weekly, a few times a day, whatever. i like it and figured it could be appreciated here. it stopped me from googling it every chance i get, now i just wait for the texts. You have to make a twilio free account and verify your phone number, use that info to plug in your own variables and it should work fine. i mess with it to see how i can improve it form time to time, but i hope whoever wants it can enjoy it.

    ​

    https://github.com/elitefouralex/textmebitcoin/blob/master/alert_bitcoin.py

    submitted by /u/Elite4alex
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    What if everyone used their stimulus money to buy Bitcoin?

    Posted: 27 Mar 2020 08:37 PM PDT

    What would happen?

    submitted by /u/TonyChills
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    Can someone please explain why the fuck shit just dropped so fast

    Posted: 27 Mar 2020 05:21 PM PDT

    Watch out for the Coinbase DeFi mafia !

    Posted: 27 Mar 2020 10:37 PM PDT

    The Coinbase DeFi mafia borrows the coins that you have stored at Coinbase:

    https://www.financemagnates.com/cryptocurrency/news/coinbase-wallet-eases-interest-on-crypto-with-defi-integration/

    The Coinbase DeFi mafia will regularly dump these coins all in one go, cause panic, and then gradually buy the coins back at a lower price.

    Now, watch out for this price-suppression strategy.

    One day or the other, the Coinbase DeFi mafia will not be able to buy back the coins, because the price went unexpectedly up instead of going down. At that point, the Coinbase DeFi app will simply file for bankruptcy.

    Hence, the mafia always wins and you always lose.

    So, get ready to get ripped off as if there were no tomorrow!

    Note:

    By the way, if you do not click the button to lend out your bitcoins at Coinbase to the DeFi mafia, then Coinbase will simply pretend that you did! Now it is your responsibility to prove that you have never pressed any of these conveniently integrated DeFi mafia buttons. Money ... GonE!

    submitted by /u/mimblezimble
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    Prepare for impact guys, IMF will launch the so called global currency. Buy BTC stay safe.

    Posted: 28 Mar 2020 04:24 AM PDT

    What price of bitcoin is needed to maintain the network safety.

    Posted: 28 Mar 2020 01:12 AM PDT

    Hi, I am a newbie with very basic understanding of Bitcoin. What I understand roughly:

    Bitcoin transaction are secured by blocks. Blocks need to be mined with much compute. If there are too few different miners the security of the network goes down. Miners are rewarded with Bitcoin. To limit the amount of Bitcoin the Bitcoin reward for mining is halved every so and so often.

    My question: What I understand it is possible for Bitcoin to increase in value significantly. At the same time Bitcoin is only safe while we have enough miners. With the continued halving of the rewards could the decline in miners compromise the safety of Bitcoin? Has anyone ever done the math with mining capacity of GPU ect. and can tell what minimal USD value Bitcoin needs to hold in the long run (after many halvings) to keep the network safe by financing the mining effort?

    submitted by /u/some_dadaism
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    Fed’s Infinite Printing U.S. Dollar Makes Bitcoin’s Scarcity More Important Than Ever

    Posted: 27 Mar 2020 11:45 AM PDT

    WE’RE STILL UP 53% IN THE LAST 365 DAYS FYI!

    Posted: 27 Mar 2020 07:33 PM PDT

    A ₿etter Future (inspired by Bitcoin time traveler's reddit post)

    Posted: 27 Mar 2020 02:27 PM PDT

    The Fed's Losing Battle with Deflation (w/ Jeff Booth)

    Posted: 27 Mar 2020 08:31 PM PDT

    Buying the dip.

    Posted: 27 Mar 2020 08:05 PM PDT

    Who travels with BTC and how?

    Posted: 27 Mar 2020 11:48 PM PDT

    I've searched this subreddit for ideas and I've come across a few that almost seem right for me but not quite so I figured I'd ask this question again.

    My situation:

    I travel for work, sometimes internationally, sometimes for short turnarounds.

    Slightly paranoid about security, I'm aware that my tech skill is not at a level where I'd feel secure figuring this out on my own.

    I like to trade but don't trust exchanges to keep any more than a fraction of my funds. Not my keys not my coin right? Dodged a bullet with Quadriga I'm not going to test my luck like that.

    I thought about taking a HW wallet with me but these days even the janitor has heard of bitcoin, I can't afford to deal with delays answering stupid questions and being searched because I run into the 1 guy/gal that recognizes what it is and has stupid assumptions about why I own it.

    Don't trust hot wallets, I dont think I can trust the same phone I use to look at porn on my lonely work trips with access to my BTC lol.

    I thought about memorizing my seed, wiping HW wallet, FedEx, restore on location. This seems ok, the risk being a fuckup with shipping or my employer switching locations on me next day and I fly elsewhere. Not sure if that can be dealt with at FedEx or whatever. I don't like the idea of potentially not having access to my BTC for days or longer, new ledger nano is like a week from France.

    I do travel with a laptop. If I had a seperate boot partition on there I'd keep clean and offline for everything but BTC transactions I should be relatively safe to restore a wallet on there or no?

    Or do I just give up my hobby because I do have to work and feed myself and I'm too stupid to "be my own bank" ? 🙂

    submitted by /u/seba112233
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    When the price goes up slowly and then drops like a rock, does it mean more people own it?

    Posted: 27 Mar 2020 11:24 PM PDT

    Completely new and coinbase

    Posted: 28 Mar 2020 03:04 AM PDT

    Hey guys,I know nothing about bitcoin. Is coinbase good for micromoney ? (1000$ is max)

    submitted by /u/innoy13
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    Coinbase Fiat Deposit (Sofort)

    Posted: 27 Mar 2020 09:34 PM PDT

    Hey Guys,

    I just tried to Deposit 200€ into my coinbase Account via Sofort. The menay already got send from my Bank Account but in Coinbase I cant see the transacion anywhere. Now here is even shown that I did the transacion.

    submitted by /u/Uberdriver_janis
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    Every Bitcoiner on the planet needs to be fighting for Bitcoin to achieve global reserve currency status.

    Posted: 27 Mar 2020 07:59 AM PDT

    Objectively speaking, the only monetary system that countries across the world can actually trust is Bitcoin, because Bitcoin doesn't require any trust. It's just a simple game that is practically impossible to cheat.

    The only monetary system that will treat countries as equals is Bitcoin, because Bitcoin only promises equality of opportunity, not equality of outcomes.

    The only monetary system that will not give advantage to one country over another is Bitcoin. Because Bitcoin doesn't care about geopolitics. Bitcoin only cares about energy/proof of work.

    We need one semi-major country to adopt Bitcoin, and then the dominoes will fall.

    submitted by /u/the420chronicler
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