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    Thursday, March 26, 2020

    Bitcoin PayJoin: Bitcoin Payment Privacy (Adam Gibson's presentation in VR)

    Bitcoin PayJoin: Bitcoin Payment Privacy (Adam Gibson's presentation in VR)


    PayJoin: Bitcoin Payment Privacy (Adam Gibson's presentation in VR)

    Posted: 29 Feb 2020 02:29 PM PST

    Daily Discussion, March 26, 2020

    Posted: 26 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 Covid corporate bonus bailout costs about $18,000 per citizen. So Congress is taking $18,000 from your future, giving $16,800 to corporations and giving you back a check for $1,200.

    Posted: 25 Mar 2020 07:45 PM PDT

    Chancellor on brink of second bailout for banks. 2009

    EDIT: everyone seems to be confused thinking only it's 2 trillion

    Dow Futures Reverse Gains Despite Trump's $6 Trillion Fiscal Bomb Dow futures spiked after Trump's top economic advisor Larry Kudlow unveiled a gigantic $6 trillion stimulus package for the U.S. But the gains didn't last amid underlying concerns about the health of the economy.

    submitted by /u/MakeTotalDestr0i
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    This is what Bitcoin hodler's fog of war looks like.

    Posted: 25 Mar 2020 11:06 AM PDT

    Norwegian - an airline which is planning to accept Bitcoin payments in Q2 - is on the verge of bankruptcy �� One of the best levers for real adoption at the moment might never materialize.

    Posted: 25 Mar 2020 10:54 PM PDT

    We just experienced the second largest bitcoin difficulty adjustment in the history of bitcoin! The last large difficulty drop was 9 YEARS AGO on October 31st 2011 which saw a decrease of 18.03%.

    Posted: 25 Mar 2020 11:49 PM PDT

    EARN IT: The US Anti-Encryption Bill That Threatens Private Speech Online

    Posted: 25 Mar 2020 02:02 PM PDT

    #FlattenTheCurve

    Posted: 25 Mar 2020 06:02 PM PDT

    Bitcoin wins short term and long term.

    Posted: 26 Mar 2020 12:28 AM PDT

    Just watched Mike Maloney explain how he can sell his gold and silver and have dollars in his bank account within a day. Made me wonder why he would do that if the banking sector is frozen, withdrawals restricted, bail-ins ongoing and ATMs blocked.

    Once banks are unusable that's literally where bitcoin steps in. You cant effectively conduct commerce with silver coins in the digital age. How are you going to pay your power bills and internet subscriptions? Let alone your software subscriptions etc. Mail in a few silver coins to Microsoft for your Office subscription?

    There will come a time where the boomers have protected their wealth with gold and silver but wont be able to partake in commerce, with banks unusable and fiat currencies crumbling the only way to conduct commerce and live will be by using bitcoin. Thats when all those boomers will try to buy bitcoin with their stacks of shiny yellow rocks.

    Gold and Silver may be great for immediate protection during a deep financial crisis or inflationary depression, but coming out the other end as the world moves towards a new resilient financial system built on open source global software protocols bitcoin will be far more important to own.

    Not only will bitcoin win short term because it is more scarce and more usable as money in the digital age, but it will also win long term for the same reasons. Perhaps Gold ends up relegated to becoming a safe haven from quantum computing attacks against bitcoin.

    Gold: Always a potential short term safe haven but never the main means of commerce.

    submitted by /u/slvbtc
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    Bitcoin Halving in 35-45 Days!

    Posted: 25 Mar 2020 09:28 PM PDT

    ‪wanted to open up a conversation on this topic. What do you expect the price of BTC to do in the next 30-60 days with the stimulus package that was just passed and the upcoming halving?‬. Thanks in advance.

    submitted by /u/Dru_Law
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    Wow! jobless claims soar to 3.283 million in USA.

    Posted: 26 Mar 2020 05:37 AM PDT

    This is just the beginning. The property market will crash after this, Bitcoin is the safe haven you will need.

    submitted by /u/RabbitHODL
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    Bitcoin hardware wallet VS the hyperinflationnary ZWD bill == it's time to wake up !

    Posted: 26 Mar 2020 03:44 AM PDT

    Isn’t it the perfect time for BTC to shine bright then ever before?

    Posted: 25 Mar 2020 08:46 PM PDT

    Bitcoin price is acting more like fiat currency for few days. On the other hand, government is not thinking about BTC and now there is less regulatory control over BTC. Also heard multiple news that other countries are buying/storing and investing on bitcoin than ever before. So why bitcoin price is still $6K? I bought some btc at 13K last year.

    submitted by /u/RomanEmpire75
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    Proof of Deposits Day (3/26/20) - Does the Bank Have Your Money?

    Posted: 26 Mar 2020 04:31 AM PDT

    Your bank doesn't have your money anymore...
    And it's all perfectly legal. It's the reason BTC was created. Want to know where it went?

    https://www.exodus.io/blog/proof-of-deposits/

    submitted by /u/D-Day_68
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    Question: if you used an average modern laptop to check random bitcoin private keys one-by-one at the highest realistic speed, how long (on average) should you expect to guess before you should find *any* non-empty address?

    Posted: 26 Mar 2020 06:01 AM PDT

    Was wondering this this morning and suspect it would be greater than a human life, but not entire sure. 🧐

    submitted by /u/katiecharm
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    Messari product owner: By the end of this economic crisis, Bitcoin's dominance will rise to more than 90%

    Posted: 26 Mar 2020 12:51 AM PDT

    Messari product owner: By the end of this economic crisis, Bitcoin's dominance will rise to more than 90%

    Qiao Wang, product leader of encrypted data statistics website Messari, tweeted that no matter what standard I measure, I am not an extremist, but I am fully confident that by the end of this economic crisis, Bitcoin's dominance will rise to More than 90. During this recession cycle, I don't see any actual demand for altcoins at all. Bitcoin is to altcoins, just like the US dollar is to emerging market currencies, except that the Bitcoin Open Miners Committee cannot unilaterally increase supply to offset the relative increase in demand.

    https://preview.redd.it/wdkdx1gz2zo41.png?width=962&format=png&auto=webp&s=6f6cbbe30360cb88bb31e3c8005cf029d716bf33

    submitted by /u/Bityardofficial
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    Some people laugh at this, we we warned them that THIS will come to YOUR country. BUY BITCOIN

    Posted: 25 Mar 2020 11:56 AM PDT

    A made a Bitcoin tracking spreadsheet complete with live crypto price updates, moon math, and a full history of your Portfolio and trading performance (fixed).

    Posted: 25 Mar 2020 09:55 PM PDT

    A made a Bitcoin tracking spreadsheet complete with live crypto price updates, moon math, and a full history of your Portfolio and trading performance (fixed).

    I have posted this previously however since then coinmarketcap have changed their api. This version has a workaround for that - with the downside that it takes much longer to fetch price data. You will need to be patient when opening the file and when you press the price refresh button.

    This is a spreadsheet that I have developed for myself gradually over the last couple years. I have found it very helpful for keeping track of my bitcoin holdings (great for tax purposes). No need to trust third party apps to keep your personal information - track it yourself.

    There is a lot in here including;

    Automatically updates prices from coinmarketcap. The top 200 coins included. Just select which ones you want to track by typing in the name.

    You can even choose your local Fiat currency and get live conversion rates for any country.

    https://preview.redd.it/f9w12ene5yo41.png?width=1536&format=png&auto=webp&s=be4af166ad3c3f22ecddac47084b8de358400bf0

    No need to record details of every trade. Just keep track of your crypto purchases (from fiat) and what coins you currently hold. The spreadsheet will calculate the rest and keep a record of how your portfolio and holdings have changed over time (it logs this data every time you save the sheet)

    https://preview.redd.it/uob5u0sf5yo41.png?width=1380&format=png&auto=webp&s=f24ed6e1a342c97844f9b7f784b03839f2b529e2

    https://preview.redd.it/ql1yqsvg5yo41.png?width=602&format=png&auto=webp&s=ebfd082edb817a1d6b614fe127aa685d3414f65c

    I find this very handy to see if your trading is actually profitable compared to the HODL method.

    https://preview.redd.it/gwagpfth5yo41.png?width=929&format=png&auto=webp&s=cbb9177ff457efa598dc92a61d346ddc38c296cf

    There are plenty of 'moon math' and analytics to see how bitcoin is trending. This includes a full history of bitcoins price which updates every time you open the sheet.

    https://preview.redd.it/ewafzx4j5yo41.png?width=1455&format=png&auto=webp&s=1b2079600be53d855573707d13822323a9fdacee

    This version has some bug fixes and a few new features including a 'Stock to flow' price prediction model;

    https://preview.redd.it/g145x5u16yo41.png?width=767&format=png&auto=webp&s=180321b1b8641da48ffeb1de5cfb982d1fccf0da

    free download from below. Instructions inside. You will need macros enabled if you want it to do the fancy stuff

    https://www.dropbox.com/s/yjba4y6qdsye2qo/Cryptoprices11%20-%20for%20others.xlsm?dl=0

    This was a bit of a rushed fix so if there are any issues let me know.

    submitted by /u/Fly115
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    Someone I know lost a good chunk of crypto by sending it to a wrong address [Future Solutions?]

    Posted: 26 Mar 2020 06:29 AM PDT

    I can imagine this being integrated as a task of the miners as well. If the transaction is expensive enough and before confirming it. The miner would get in contact with the sender with an encrypted platform (the hashtag of the conversation is the Tx address by which both can find each other)

    The platform could be as simple as tick-based interaction. You get a notification by the miner that you sent $x million worth of BTC. Would you like to confirm? you'd just tick to confirm, and there would be an option to tip the miner for this extra confirmation service. There will be no direct chatting but rather an option-based interface.

    In this way, we did not compromise the anonymity of crypto and we added another layer of confirmation.

    What do you guys think? I'm sure there are plenty of flaws in the idea but I think we need some sort of an added confirmation layer. My friend left crypto after his incident claiming it is complicated and money can be easily lost.

    submitted by /u/Leader92
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    World’s Rich Struggle to Get Hold of Gold in ‘Crazy’ Moment

    Posted: 25 Mar 2020 07:43 AM PDT

    BTC difficulty dropped by 15.95% to correct for the increased block times. As a consequence, the block times have dropped by 35% and returned to normal.

    Posted: 26 Mar 2020 04:13 AM PDT

    Investors Plan Exit as Telegram’s Token Distribution Delays

    Posted: 26 Mar 2020 04:02 AM PDT

    Pomp Podcast #249: Peter Schiff on Why The Fed Has To Print Unlimited Dollars

    Posted: 26 Mar 2020 03:57 AM PDT

    Thought experiment: Imagine the entire world was already running mostly on Bitcoin. During the current pandemic, what are the pros and cons of that scenario?

    Posted: 25 Mar 2020 09:50 PM PDT

    Bitcoin and Crypto Margin Trading Exchanges (UPDATED 2020)

    Posted: 26 Mar 2020 03:06 AM PDT

    Would Bitcoin be more acceptable by the effects of COVID19 crisis?

    Posted: 26 Mar 2020 01:27 AM PDT

    Would Bitcoin be more acceptable by the effects of COVID19 crisis?

    Using digital assets seems a good way to avoid contracting viruses attached to the surfaces of cash notes and lessen your physical contact with other ppl. Would you use digital assets(Bitcoin included) to trade amid the r/COVID19 crisis? Would Bitcoin be more acceptable by the effects of the crisis?

    https://preview.redd.it/783i291f9zo41.jpg?width=600&format=pjpg&auto=webp&s=38d281e175c996d26bf79c38714286ddd1f58aca

    submitted by /u/OKEx-official
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