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    Bitcoin Daily Discussion, May 02, 2020

    May 02, 2020

    Bitcoin Daily Discussion, May 02, 2020

    Daily Discussion, May 02, 2020

    Posted: 02 May 2020 12:01 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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    Ironic!

    Posted: 01 May 2020 03:37 PM PDT

    hodl.

    Posted: 01 May 2020 01:37 PM PDT

    Enjoy the video of Lebanese protestors carrying a coffin plastered with their currency (currently bitcoin is being bought for $15,000 in Lebanon)

    Posted: 01 May 2020 11:58 PM PDT

    Here we go again!

    Posted: 01 May 2020 10:40 AM PDT

    We have an unlimited supply of fiat to buy a limited supply bitcoin!

    Posted: 01 May 2020 08:31 PM PDT

    Current Price

    Posted: 01 May 2020 06:09 AM PDT

    �� Alert Bitcoin Bad�� Stonks Good

    Posted: 01 May 2020 02:01 PM PDT

    Nice try, @Bitcoin! xD (Musk tweet knocks $14bn off Tesla market value)

    Posted: 01 May 2020 03:48 PM PDT

    ATTENTION: Due to the bitcoin's recent price rally, MANY newbies have recently bought their first piece of a bitcoin. If you know a "new-coiner" please remind them that we could EASILY see a major correction in the coming weeks (especially if the Stock Market dips). Just HODL and keep learning! ��

    Posted: 01 May 2020 12:21 PM PDT

    I'm no Warren Buffet buuuuut

    Posted: 01 May 2020 03:06 PM PDT

    The US banned gold ownership today in 1933 through Executive Order 6102

    Posted: 01 May 2020 02:30 PM PDT

    Take a step back and realise how big a deal bitcoin actually is...

    Posted: 01 May 2020 07:12 PM PDT

    5000 years ago the world converged on using gold as our chosen form of money, then we used gold backed currency, then we were duped into fiat for a while. But now after 5000 years of using gold as our chosen monetary medium we are moving to a new form of money.

    What we are living through now has not happened in 5000 years, It's a watershed moment in history.

    It's not a once in a generation opportunity or a once in a lifetime opportunity, it is literally a once in a civilization opportunity.

    submitted by /u/slvbtc
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    Elon Musk 'Tesla stock price too high' - now tweets @Bitcoin

    Posted: 01 May 2020 04:02 PM PDT

    THE OCTOPUS-ALDRICH PLAN, THE COMING MONEY TRUST. 1912 cartoon by Alfred Owen Crozier, who opposed the re-establishment of a national central back, which Senator Nelson Aldrich proposed. In the 1913, the Federal Reserve banks that he feared were created.

    Posted: 01 May 2020 07:05 AM PDT

    Peter doesn't need Blockfolio alerts

    Posted: 01 May 2020 08:19 AM PDT

    Whose Mans?

    Posted: 01 May 2020 11:38 PM PDT

    r/Bitcoin is not r/ScamOrNot

    Posted: 02 May 2020 03:43 AM PDT

    We have a lot of newcomers entering the Bitcoin space recently who are exploring different exchanges and such. Some users are developing a habit of asking if various random websites some complete stranger PM'd them is a scam or not. Sometimes these sites are completely unrelated to Bitcoin. This is not the purpose of r/Bitcoin.

    • Do not trust unsolicited messages telling you to check out some shady website.

    • Do not trust Discord randos telling you that you won a prize.

    • Do not trust anyone who promises guaranteed profits.

    • Do not trust anyone claiming to give away free Bitcoin. (YouTube, Twitter)

    • Do not trust anyone claiming they will double however much Bitcoin you send them.

    • Do not trust 'pretty girls' on Tinder telling you about new investment opportunities.

    • If you have to ask if some sketchy website or special offer is a scam, then it probably is.

    You have to learn to think for yourselves. Recognize that there are many tricksters out there who will go to great lengths to separate you from your Bitcoin. Use your head and stay safe. If you send your Bitcoin to a scammer, it's gone forever. There are no refunds!

    Please list other common scams I have overlooked in the comments.

    submitted by /u/BashCo
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    What's a good resource to get real Bitcoin news?

    Posted: 01 May 2020 10:39 PM PDT

    Reddit is full of memes and clickbait shit posts. What's a good resource to find simple news about development in Bitcoin, or major events in regulation and exchanges and such? A place without clickbait memes... does such a place exist?

    submitted by /u/MuliBoy
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    Bitcoin is Common Sense

    Posted: 01 May 2020 11:19 PM PDT

    "With bitcoin as a backdrop, it becomes self-evident that there is no advantage either in ceding the power to print money or in allowing a central bank to allocate resources within an economy, and in the stead of the people themselves that make up that economy. As each domino falls, bitcoin adoption grows. As a function of that adoption, bitcoin will transition from volatile, clunky and novel to stable, seamless and ubiquitous. But the entire transition will be dictated by value, and value is derived from the foundation that there will only ever be 21 million bitcoin. It is impossible to predict exactly how bitcoin will evolve because most of the minds that will contribute to that future are not yet even thinking about bitcoin. As bitcoin captures more mindshare, its capabilities will expand exponentially beyond the span of resources that currently exist. But those resources will come at the direct expense of the legacy system. It is ultimately a competition between two monetary systems and the paths could not be more divergent.

    Bananas grow on trees. Money does not, and bitcoin is the force that reawakens everyone to the reality that was always the case. Similarly, there is no such thing as a free lunch. Everything is being paid for by someone. When governments and central banks can no longer create money out of thin air, it will become crystal clear that backdoor monetary inflation was always just a ruse to allocate resources for which no one was actually willing to be taxed. In common sense, there is no question. There may be debate but bitcoin is the inevitable path forward. Time makes more converts than reason."

    Source: https://unchained-capital.com/blog/bitcoin-is-common-sense/

    submitted by /u/Rattlesnake_Mullet
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    There is only one Bitcoin. Leave all these Shitcoins.

    Posted: 01 May 2020 11:05 AM PDT

    Bitcoin's halving, a kid story

    Posted: 01 May 2020 02:11 PM PDT

    What happened price wise at the last halving?

    Posted: 02 May 2020 01:10 AM PDT

    Comparing Hashrate of Old Generation Bitcoin Miners to Estimate Halving Capitulations

    Posted: 02 May 2020 03:17 AM PDT

    Even Google knows it!

    Posted: 02 May 2020 02:22 AM PDT
    Read more
    at

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