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    Bitcoin Daily Discussion, April 07, 2020

    April 07, 2020

    Bitcoin Daily Discussion, April 07, 2020

    Daily Discussion, April 07, 2020

    Posted: 07 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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    Big moves

    Posted: 06 Apr 2020 08:11 PM PDT

    They really be Prrrrrinting

    Posted: 06 Apr 2020 12:01 PM PDT

    Red Cross deployed the tent bought with Bitcoin donations!

    Posted: 06 Apr 2020 08:08 AM PDT

    Binance Accused of Stealing $1 Million Worth of Assets: Company Denies Everything but Class Action Underway

    Posted: 06 Apr 2020 11:17 PM PDT

    Seems like everyone completely forgot there's a freaking halving in like 30 days. This event only happens twice a decade, and at $7000 per btc its about to leave $45,000,000 worth of current weekly demand for new supply with nothing.

    Posted: 06 Apr 2020 09:30 AM PDT

    Watching demand search for supply is going to be like watching lava slowly get forced from the earths mantle up into a volcano building pressure all the way before finally exploding.

    submitted by /u/slvbtc
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    Gandalf Knows

    Posted: 07 Apr 2020 03:59 AM PDT

    Bitcoin was $.003 April 6, 2010, today it’s $7,200 ten years to the day ... where will it be 2030?

    Posted: 06 Apr 2020 01:36 PM PDT

    Why I buy Bitcoin for 160,000 USD every month

    Posted: 07 Apr 2020 12:58 AM PDT

    Schnoor/Taproot Could Improve Bitcoin Privacy and Scaling

    Posted: 07 Apr 2020 02:46 AM PDT

    Best investment of the decade, again?

    Posted: 07 Apr 2020 04:09 AM PDT

    ‘Rich Dad, Poor Dad’ Robert Kiyosaki: Don’t save your money! Spend it on the ‘best buy for future security’...Bitcoin, Gold & Silver

    Posted: 06 Apr 2020 01:59 PM PDT

    PlanB: Bitcoin Needs Only $200M Monthly to Stay Above $7k Level After Halving

    Posted: 06 Apr 2020 07:57 AM PDT

    Lightning Network — A Second Layer Payment Protocol

    Posted: 06 Apr 2020 08:06 PM PDT

    Bitcoin now up YTD, outperforming the S&P 500

    Posted: 06 Apr 2020 10:52 AM PDT

    What are your biggest concerns/doubts/negative views on Bitcoin? To see the other side of the coin too.

    Posted: 07 Apr 2020 01:47 AM PDT

    Why is bitcoin valuable?

    Posted: 07 Apr 2020 04:20 AM PDT

    In the digital age, an ideal currency should have at least the following three characteristics:

    1️⃣ It should be absolutely free from control by any authority. The state should not act as an issuer and should not have the power to manipulate it.

    2️⃣ A currency must have no borders, it can be paid for anywhere in the world and sent from one continent to another without any problems.

    3️⃣ It must be "apolitical" so as not to give preference to a particular system or group of people.

    To date, only Bitcoin has such characteristics.

    It is money free from dictatorship, oppression and hyperinflation, and a financial refuge for many in today's world. BTC has an initially limited issue of 21 million coins, and this figure will never be changed.

    What happens in parallel with the dollar today? That's right. Uncontrolled issue - the U.S. printing press works without stopping.

    In fact, any money controlled by the central bank is not really reliable - governments like to spend more than they get from taxes and other revenue streams; so they print enough money for their needs. When more money is printed and invested in the economy, it reduces the value of the same dollar that is already in circulation.

    All these drawbacks are not in bitcoin. The arrival of new coins in this world is fixed by a code with which all members agree. The speed of new Bitcoins in the world is fixed and transparent, as well as the approximate date when the last coin will be created.

    ☝️ It is all this that is the main value of the bitcoin.

    submitted by /u/Merchbacash
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    While watching a recommended video that talks BTC w/ some neighbors...

    Posted: 06 Apr 2020 11:13 AM PDT

    So I am sitting in my neighbors apartment, chilling, avoiding the outside world. When all of a sudden, a Bitcoin doc. Showed up in their recommended. Neighor starts going off about Dread Pirate Roberts and trashing the old marketplace to me and his GF. Fair, some mistakes were made. Then he goes on to explain to his questioning GF about how all these "Druggies used stupid internet tokens made by nerds so they can get drugs delivered to their house." Im sitting there with my best poker face. Like, okay, sure. Silkroad was kinda a growing pain, but dont shit on my Bits bro. He goes on to ask what the value of a BTC is... Neighbor :"What are they worth anyway? Couple cents of something?" Me coy as ever: "Umm, well actually man, they are worth a little under $7,000 a piece now... But just a bit ago was over 11k." Neighbor: "Seriously? What kind of moron would buy a stupid Bitcoin for that much? Just buy stocks, they are so cheap right now!"

    Me pensive: "haha, well, I mean it has outperformed the entire market and is a safe haven more reliable than gold, so, there is that..."

    Neighbor: " Wait, you dont actually believe this crap do you?"

    Me: "Actually man, I do.."

    ~ @ this point in the show that was on, CryptoKid comes on, and the Winklevoss boys are mentioned ~

    His jaw drops.

    I go on to explain to him, (a traditional market investor, owns a couple bluchip stocks and a traditional 401k) how the cost of investment capital is ACTUALLY calculated... "Yes, we take the market cap, and divide it by the circulating supply.... See, there are only EVER going to be 21 million."

    I explained the upcoming halving, the demand for a safe haven asset, and the prospectus of that awful annoying "BRRRRR ing" noise emminating from the federal reserve.

    This morning he texted me asking about the KYC on Coinbase. ( the only exchange available here)

    Success.

    submitted by /u/TheRealNotaredditor
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    The halving will exponentially affect the price of Bitcoin and this is why

    Posted: 06 Apr 2020 09:42 AM PDT

    Statechains And Helping Bitcoin Scale Off Chain

    Posted: 06 Apr 2020 09:17 PM PDT

    First US Bank Fails | Fed Says Economy Is Fine | Coinjoin Day | Bitcoin Hashrate Increase

    Posted: 06 Apr 2020 06:27 PM PDT

    Mark Cuban Reveals the TRUE POTENTIAL �� of Cryptocurrency in 2020

    Posted: 06 Apr 2020 10:08 AM PDT

    Question about coinbase pro

    Posted: 07 Apr 2020 01:37 AM PDT

    With coinbase pro it seems you have to use your bank to buy. Using a bank takes 3-5 days to process. So if I buy bitcoin at let's say 7,300 and then in 3 days the price are Changed. When my btc can be used will it be as if I bought at 7,300.

    Or how does that work

    submitted by /u/GClaw710
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    Haha money printer goes brrrrrrr with USD supply counter!

    Posted: 06 Apr 2020 10:51 AM PDT

    Giving bitcoin as a gift

    Posted: 07 Apr 2020 01:31 AM PDT

    I'm looking to give some bitcoin to my family as a gift, and I was wondering as to the best way to do this. In particular, an ideal method would:

    1. be easily accessible to the recipient without a lot of setup/knowhow
    2. give them a reasonably secure way to store the bitcoin, and
    3. not have the private key known, even to me.

    I've thought of getting them a hardware wallet, but I don't want them to have to spend half an hour setting it up and writing down backup seeds. I've also considered a paper wallet, but that is insecure for a number of reasons, and I'd really rather not have them directly handling private keys.

    An ideal solution would be if I could somehow store BTC in a temporary wallet, which they could automatically send to theirs by entering a one-time code. I don't know if there is any way to do this though.

    Any advice is appreciated!

    submitted by /u/daynthelife
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