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    Bitcoin Daily Discussion, April 05, 2020

    April 05, 2020

    Bitcoin Daily Discussion, April 05, 2020

    Daily Discussion, April 05, 2020

    Posted: 05 Apr 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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    SCAM ALERT ( LIVE NOW) : WTF is this ? live stream and giveaway ?, no It's a SCAM, upvote for visibility

    Posted: 04 Apr 2020 06:38 PM PDT

    Bitcoin in “Hotline Bling”

    Posted: 04 Apr 2020 06:11 AM PDT

    Thousands of Protein Miners & the r/Bitcoin Team Helped to Mine this Detailed Graphic Model of COVID19 - Join Us

    Posted: 04 Apr 2020 02:44 PM PDT

    Robert Kiyosaki telling people to buy gold, silver and BITCOIN!

    Posted: 04 Apr 2020 08:43 AM PDT

    Trying to close a Coinbase account

    Posted: 04 Apr 2020 08:21 AM PDT

    The World is F'ed . This former Goldman Sachs fund manager suggest allocating 25% in Bitcoin

    Posted: 04 Apr 2020 10:16 AM PDT

    [It is behind the pay wall : https://www.businessinsider.com/why-coronavirus-stock-market-crash-historic-not-finished-raoul-pal-2020-4]

    ​

    So copy / paste :

    ​

    • Raoul Pal, the former hedge fund manager who founded Real Vision, thinks the fallout from the coronavirus will have immense, far-reaching impacts on the global economy.
    • The duration and severity of the pandemic is something that Pal thinks hasn't yet been accounted for properly.
    • Pal thinks a further 20% decline in stocks is on the horizon.
    • For context, in October, Pal called the Federal Reserve cutting rates to zero and the US having negative rates. In late February, Pal said to buy bonds and that the impacts from the coronavirus would be "meaningful and real."
    • Click here for more BI Prime stories.

    "The whole world's f---ed."

    That's what Raoul Pal, the former hedge-fund manager who founded Real Vision, said on the "Lindzanity" podcast when he initially learned the coronavirus was uncontrolled and spreading rapidly.

    "The moment the spread hit Iran ... and then Italy — that all happened over the span of three or four days — I was like: 'time to panic before everybody else,'" he said. "It's human behavior function. If the Chinese closed every single border and every city, everybody's going to do it."

    To bring you up to speed, Pal retired at 36 after quitting jobs at Goldman Sachs and GLG Partners. He lives comfortably on a 140-person island in the Cayman Islands and spends his days writing market research, which comes with a hefty price tag of $40,000 per year.

    "I said: 'Listen, this is the biggest economic event of all of our lifetimes — and it's coming'" he added. "And that was, in retrospect, the greatest call I've ever had."

    But this isn't the first time Pal's nailed a prescient call. Back in October, he said the Federal Reserve needed to cut interest rates to zero and warned of negative interest rates in the US, both of which have materialized.

    What's more, as the market was topping out in late February, Pal expressed his affinity for owning bonds — a trade that would've immensely rewarded investors who took his advice. He also warned that the implications from the coronavirus would be "meaningful and real."

    That was before things really started to fall apart.

    Today, Pal thinks the coronavirus will cause "the largest insolvency event in all history." And given his track record as of late, that's not reassuring.

    "I think the balance of probabilities are that this is a much longer event — in terms of economic impacts — than anybody is pricing in," he said. "I think it's a huge societal change that's coming from all of this."

    To Pal, the duration of the fallout stemming from the coronavirus is the key factor here — one that he thinks investors aren't paying enough attention to. In his mind, those who are a projecting sharp V-shaped recovery in the third and forth quarter are incorrect in their assumptions.

    "Isolation is going to be a real event for a significant period of time," he said. "You've got a world that's going to be much more closed, and that's leading to complications in supply chains."

    He added: "It makes people become more local."

    Pal's prognostication echos that of billionaire "bond king" Jeffrey Gundlach. In a DoubleLine webcast earlier this week, Gundlach said "we're going to be getting much more, less-connected to globalization" and "we're going to be bringing manufacturing back and thinking about things in very different ways."

    But the changes that Pal and Gundlach highlight don't happen overnight, which is why Pal thinks the fallout could worsen. Every day that the pandemic drags on is one less day without production and consumption. Then that, in turn, heightens bankruptcy risk.

    With all of that under consideration, here's how Pal is positioning his portfolio to weather a deeper equity rout. Ideally, he'd like to get to the allocation below.

    ​

    • 25% Bitcoin
    • 25% gold
    • 25% cash
    • 25% trading opportunities

    "So I'm now in the point of thinking we've got another 20% downside or so to come before we get the 3-, 4-month bounce of hope," he said. "For the average guy, this is a very, very, very difficult world we're going to go into — and I can't sugarcoat it because there is no nice answer."

    submitted by /u/mqrasi
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    My picture frame has been protecting the Bitcoin network since 2014

    Posted: 04 Apr 2020 02:56 PM PDT

    How does address reuse cause high fees?

    Posted: 05 Apr 2020 03:11 AM PDT

    I'd like to preface this by saying I understand the most pressing concerns related to address reuse are those of privacy and security. However, I read this in the Bitcoin wiki:

    A single invoice payment using P2PKH can be redeemed and spent with a predictable fee because the transaction should have a predictable size. Software that determines payment and available funds based on "address balance" can cause loss through high fees. If you are paid to an address in many small increments, you will pay a much higher transaction fee when redeeming those payments. It is much more useful for a client to display transaction outputs spendable than address balances for this reason.

    I'm not really understanding what this is saying. Would it be possible for someone who does understand to rephrase this?

    Thanks for any help.

    submitted by /u/vexlit
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    Chamath Palihapitiya Explains How Bitcoin May Emerge as a Flight to Safety Amid the Economic Crisis

    Posted: 04 Apr 2020 08:47 PM PDT

    major new simplicity release now with jets and available for bitcoin test branch and elements (as basis for liquid integration)

    Posted: 04 Apr 2020 04:44 PM PDT

    Tradingview suite for Trading/Scalping. I was tired of spending hours on end to analyse markets so I created a script to tell me in seconds.

    Posted: 05 Apr 2020 03:49 AM PDT

    New standalone Suite for Trading/Scalping.

    Created this to save time, it worked much better than expected so I published it

    Power up your trading and give feedback/ideas

    https://www.tradingview.com/script/N7DEqeZR-Market-Sniper-Trading-Scalping-Suite/

    submitted by /u/LogicalyRetarded
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    I'm trying to create a list of the safest places to buy Bitcoin in each country. What I am I missing?

    Posted: 05 Apr 2020 03:31 AM PDT

    Deutsche Bank: "many governments see the handling of cash as a potential risk factor" (but most important is a central part of the picture :)

    Posted: 05 Apr 2020 03:26 AM PDT

    Bitcoin Halving 2020: Scarcity in times of unlimited helicopter money

    Posted: 04 Apr 2020 08:33 AM PDT

    Welp....I did it.

    Posted: 04 Apr 2020 09:05 AM PDT

    Well guys..... I did it. I FUCKIN Did it. Ive done the number 1 thing that you are not suppose to do. Its not like im a noob but even noobs know not to do this dumb shit . My dumbass had my 12 seeds stored on my phone and backed up on the cloud as well. (So i thought) I had about $500 of BTC on my blockchain wallet that i use on my phone. Just to be able to use here and there when I run into a place I can use crypto. But recently I had ordered a new replacement phone and erased the old phone. Thinking everything would just sync on over because i usually just use the passcode and fingerprint scanner to log into the app to access my wallet but come to find out I open up the app and its asking for my seed. Which I dont fuckin have because it wasnt saved where I thought it was and wasnt written down. So now there just $500 sitting around that I dont have access to. Great 🙄 learn from my mistake WRITE YOUR SEEDS DOWN!!

    submitted by /u/businessguy123
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    What Would it Cost to Build a Bitcoin Mining Rig Today

    Posted: 05 Apr 2020 01:50 AM PDT

    Impact of Coronavirus (COVID-19) on Global Trade and Business

    Posted: 05 Apr 2020 04:32 AM PDT

    Article Directory with press release service is the channel to submit a press release with proper etiquette, make sure the headline and first paragraph show that the release is newsworthy. We distribute your news to traditional and digital key media through this press release and news portal free of charge. A press release is a written communication that reports specific but brief information about an event, circumstance, product launch, or other happening. It's typically tied to a business or organization and provided to media through a variety of means. Most companies write their own press releases. The only expense comes with hiring a press release distribution service to get the story in the hands of journalists and key news media. But even this is inexpensive, and when compared with paid advertising, press release distribution is almost always the more affordable option. Here you can order paid press release distribution as well. Contact us before order any paid custom service or specified press release service. All user content on this website is free for reprint, republish, and/or distribute for personal and/or commercial use. https://article-directory.org/article/717/40/Emergency-Situations-Preparedness-19

    submitted by /u/Giuelith
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    Centralizing effects of bigger blocks...

    Posted: 05 Apr 2020 04:28 AM PDT

    Bigger blocks as a scaling solution mean only the largest miners can mine. But the same situation occurs with decreasing block rewards.

    Any thoughts on this?

    submitted by /u/bekind1989
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    what are the options to buy BTC in usa without KYC?

    Posted: 04 Apr 2020 04:58 PM PDT

    localbitcoins needs kyc now.. what else is there that isnt crazy fees?

    submitted by /u/hitchcaster
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    If addresses are not meant to be reused, how are you meant to spend a portion of the funds associated with them?

    Posted: 05 Apr 2020 04:11 AM PDT

    Let's say for an example you deposit $1000 worth of bitcoin into an address and would like to pay a stranger on the internet to buy you a pizza. Naturally, you wouldn't want to pay $1000 for a pizza so you transfer $20 worth of bitcoin to him. Doesn't this meant that the public key corresponding to your address containing $980 worth of bitcoin has now been publicised and its security weakened?

    I understand there must be a flaw in this reasoning but I can't figure out what it is.

    Thanks for any help.

    submitted by /u/vexlit
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    When Bitcoin Mass Adoption

    Posted: 05 Apr 2020 04:10 AM PDT

    When do you think is bitcoin ready for mass adoption, is it next year or another 2-5years?

    submitted by /u/JayR111
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    Imagine being a Bitcoin maxi but not using your full node

    Posted: 04 Apr 2020 01:10 PM PDT

    Mansion in CT available for Bitcoin Trade $1.8 million

    Posted: 04 Apr 2020 07:51 PM PDT

    Seriously, my family is trying to sell their house in Ct and I am trying to tell them that they should sell it for BTC ASAP.

    submitted by /u/ILOIVEI
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    Bitcoin’s time to shine as Investor flee stocks amidst Coronavirus fears

    Posted: 04 Apr 2020 10:20 AM PDT
    Read more
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