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    Bitcoin Daily Discussion, May 03, 2020

    May 03, 2020

    Bitcoin Daily Discussion, May 03, 2020

    Daily Discussion, May 03, 2020

    Posted: 03 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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    Thanks for coming to my TED talk.

    Posted: 02 May 2020 08:00 PM PDT

    BrrrGrrrWhirrr

    Posted: 02 May 2020 06:52 PM PDT

    We're Back in The Game

    Posted: 02 May 2020 05:56 PM PDT

    Here is the answer about Bitcoin price before and after halving.

    Posted: 02 May 2020 06:36 AM PDT

    Very close to breaking ATH in Argentina.

    Posted: 02 May 2020 05:13 PM PDT

    Alex Winter's latest documentary Trust Machine: The Story of Blockchain is currently 90% on Rotten Tomatoes and is on the front page list of Top Streaming Movies

    Posted: 02 May 2020 10:02 PM PDT

    What Can Governments Actually Do To Ban Bitcoin and Other Cryptocurrencies?

    Posted: 03 May 2020 12:57 AM PDT

    If you are reading this you are still early to Bitcoin.

    Posted: 02 May 2020 10:25 AM PDT

    when the government initiates a speculative attack upon its own currency

    Posted: 02 May 2020 06:29 AM PDT

    How would you title this image?

    Posted: 02 May 2020 06:56 PM PDT

    CNBC Talks About the Bitcoin Halving - May 1st 2020

    Posted: 02 May 2020 10:41 AM PDT

    An Introduction to HD Wallet Derivation Paths

    Posted: 02 May 2020 01:42 PM PDT

    Where the halving will happen in the Bitcoin code (technical)

    Posted: 03 May 2020 02:18 AM PDT

    From Andreas Livestream:

    CAmount GetBlockSubsidy(int nHeight, const Consensus::Params& consensusParams)

    { int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;

    // Force block reward to zero when right shift is undefined.

    if (halvings >= 64)

    return 0;

    CAmount nSubsidy = 50 * COIN;

    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.

    nSubsidy >>= halvings;

    return nSubsidy;

    }

    https://youtu.be/nXwiG783A5A?t=592

    Code: https://github.com/bitcoin/bitcoin/blob/78dae8caccd82cfbfd76557f1fb7d7557c7b5edb/src/validation.cpp

    submitted by /u/Rattlesnake_Mullet
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    Technical question about Bitcoin code regarding fixed supply of 21 million

    Posted: 03 May 2020 01:04 AM PDT

    Trying to learn and understand the code, please bear with me.

    Source: https://github.com/bitcoin/bitcoin/blob/e756eca9e8bf39f0a891f1760df0a317ecb7fee8/src/amount.h

    static const CAmount MAX_MONEY = 21000000 * COIN;

    = 21 million coins are allowed to be mined on the bitcoin network.

    What does this mean in combination with (emphasis mine)

    /** No amount larger than this (in satoshi) is valid.

    Note that this constant is not the total money supply, which in Bitcoin currently happens to be less than 21,000,000 BTC for various reasons, but rather a sanity check. As this sanity check is used by consensus-critical validation code, the exact value of the MAX_MONEY constant is consensus critical; in unusual circumstances like a(nother) overflow bug that allowed for the creation of coins out of thin air modification could lead to a fork.

    Why is the total supply 'less than 21 million'? What are the various reasons? Why 'currently'?

    Many thanks in advance.

    submitted by /u/Rattlesnake_Mullet
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    Bloomberg: Bitcoin is Undervalued in Relation to Gold

    Posted: 02 May 2020 10:42 AM PDT

    What is the status of Taproot/Schnorr? Will we see them on mainnet this year?

    Posted: 02 May 2020 01:10 PM PDT

    I'm looking for any info on the status of Taproot/Schnorr. Will we see it on mainnet this year? I know Pieter Wuille opened this pull request in Januray, and it seems it has been rebased recently to keep it current (though it's now out of sync again).

    https://github.com/bitcoin/bitcoin/pull/17977

    Has there been any discussion on possible merger and activation sometime this year? Genuinely looking for info here, as I'm contemplating building something that would be contingent on the upgrade. Thanks!

    submitted by /u/benmdi
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    21 Million Club... Finally!! ��

    Posted: 02 May 2020 07:12 AM PDT

    Just bought our last bit needed to officially become members of the 21 million club! So satisfying!! 9 days until the 2020 halving. Let's see how it goes!!

    submitted by /u/jdBee77
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    I have no idea what I’m doing but it feels good.

    Posted: 02 May 2020 07:36 AM PDT

    I need help answering how I messed up here exactly..

    Posted: 02 May 2020 10:18 PM PDT

    Hello everyone.. Long story short I got back into cryptos about 2 weeks ago.. I had done a bunch of reading on security for it. I invested over $1000 last week, everything was going great. So I had initially bought the BTC off a Canadian exchange Coinberry, that was going great. But I wanted to offload a majority of it into a cold storage paper wallet, and just leave a little play to do some swings on the exchange. So I had created a paper wallet, offline of course, with the site offline and downloaded on my PC. I even unplugged my ethernet cable from my PC.

    So I go ahead and transfer my funds to this wallet, and I realize that it was immediately taken out.. And not only that, but looking at the transaction history of the address, this person had been able to pull this off several times over a few years??? Where did I mess up? Did I download a modified version of the wallet generator website to give a fake wallet? I'm so pissed off right now...

    Edit: Wow I just realized I got phished and visited a fake site... By visiting the site I visited before it has been redirected due to suspicious activity ( https://www.myetherwallet.com/phishing-catcher?phishing-address=https%3A%2F%2Fwalletgenerator.net%2F ).... Because I didnt download from a Github link, it didn't matter that I ran the generator offline on Tails OS, it gave me a wallet that was already controlled. This was off of Google so I know to only use Github from now on. Fuck so I guess I fell for a fake walletgenerator website... Well I guess at least that answers it so I can know for next time.. Damn man still hurts.

    Edit2: So I guess I am way behind the times employing a paper wallet. All the guides and such that I read and the stuff I watched, none made any mention of paper wallets being obsolete, and their explanation of their security made sense to me as long as the proper protocol was followed. I guess I'm gonna try and stay more involved with forums like this to really stay up to date. I'm new to buying/owning cryptos so, I know a made a foolish mistake and I paid the price. It's pushed me now to slow down and be extra patient, cautious, and triple-check.

    submitted by /u/heronharry1
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    Solve the puzzle!

    Posted: 02 May 2020 06:03 PM PDT

    The Old Web and Decentralization of The Future Internet.

    Posted: 02 May 2020 07:22 PM PDT

    Question on Africa and Bitcoin

    Posted: 02 May 2020 11:40 PM PDT

    Africa is one of the largest mobile markets. 1.2 billion people and most don't have a computer but over 80% do have a cellphone.

    I'm curious just how many wallets work for older phones in terms of still having good security. AND is there anyway to tell if Africa is getting the Bitcoin/crypto bug?

    submitted by /u/P00PY_Butt
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    The Final Countdown to the Halving

    Posted: 02 May 2020 10:38 AM PDT
    Read more
    at

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