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    Bitcoin Daily Discussion, May 05, 2020

    May 05, 2020

    Bitcoin Daily Discussion, May 05, 2020

    Daily Discussion, May 05, 2020

    Posted: 05 May 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.

    Join us in the r/Bitcoin Chatroom!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    ...it's... over... $9000...

    Posted: 04 May 2020 10:06 PM PDT

    Milton was right

    Posted: 04 May 2020 02:38 PM PDT

    Bitcoin’s market cap went from $0 to $162B in 11 years with: - no backing from governments - no backing from universities - no backing from the traditional banking system

    Posted: 04 May 2020 06:02 AM PDT

    iTs ObERr NEin DouSASsasAasalsa

    Posted: 04 May 2020 09:51 PM PDT

    If you converted to Bitcoin, that $1200 Trump Change is now worth $1575

    Posted: 04 May 2020 03:24 PM PDT

    The guy is a goddamn genius

    Posted: 04 May 2020 04:05 PM PDT

    Last difficulty change before the halvening just happened. Around a 1,000 blocks to go. 7 day countdown has begun. Super bullish

    Posted: 04 May 2020 09:11 PM PDT

    Bitcoin 10 years ago: $0.003

    Posted: 04 May 2020 05:51 PM PDT

    04/May/2020 /r/Bitcoin reaches 1,400,000 subscribers

    Posted: 05 May 2020 03:28 AM PDT

    I knew my wife was the one... but seeing this really solidified it.

    Posted: 04 May 2020 11:50 AM PDT

    Bitfinex completed the largest transaction in the history of Bitcoin for $1.1 billion for $0.70 commission.

    Posted: 05 May 2020 01:48 AM PDT

    On Friday, a transaction worth over $1.1 bln was recorded at the Bitcoin Block Chain for 161,500 BTCs. The processing fee was only $0.70. This transaction turned out to be the largest in dollar terms for the whole time of the cryptographic currency existence.

    Subsequently, the technical director of Bitfinex Paolo Ardoino said that the transaction belongs to his company. "We added 15k to the hot wallet and sent the rest back," he wrote.

    The same information is confirmed by the data in the block office. 15,000 BTC went into Bitfinex's hot wallet, while 146,500 returned to the original address.

    A week earlier, Xapo's crypto-castodial service had moved 100,000 BTCs, or $633 million at the rate at that time, paying $0.26 for processing.

    In both cases, the commission was only a small fraction of what it would have been if it had moved such amounts through traditional services. Thus, the TransferWise money transfer service charges for the maximum allowed transaction of $1 million over $3,600 commission and processes it within three days.

    "Yes, the commission was less than a dollar, but the real cost is that you have to buy new pants after sending a $1.1 billion irrevocable transaction," writes bitcoin enthusiast Kyle Torpy.

    The Bitfinex transfer surpassed the previous record bitcoin transaction of $1 billion recorded in September 2019. The largest number of Bitcoins - 500,000 - was transferred at one time in November 2011, but they were worth only $1.32 million at the time.

    Jameson Lopp, Casa's technical director of custodial services, said meanwhile, that this week they had sent the bitcoins through a blockage to 550 users for a commission of $1.23 or $0.002 per recipient. "I am amazed at what can be achieved without being time-consuming and with a healthy respect for space constraints in the blocks," he writes.

    submitted by /u/luxxx75
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    I'm a game developer and I'm using bitcoin cryptography to authenticate users in my multiplayer game. This is a small work-in-progress video. I hope you like it.

    Posted: 04 May 2020 11:10 PM PDT

    We're excited to announce Blockstream Satellite 2.0. This major update includes a new transmission protocol, more bandwidth, a larger coverage area, & the much requested ability to sync a Bitcoin node from the genesis block up to the latest block!

    Posted: 04 May 2020 03:24 PM PDT

    Starting 5/5/2020 at 12GMT: Live youtube talk with PlanB & Saifedean - Bitcoin S2FX, S2F and Evolution From Collectible to Financial Asset

    Posted: 05 May 2020 03:34 AM PDT

    Just told my old man to buy $15 Bitcoin everyday instead of spending it on a package of cigarettes a day.

    Posted: 04 May 2020 11:01 AM PDT

    You have no idea how much $15 a day could change your life..

    submitted by /u/tradingnomads
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    In the month of April Bitcoin Core had more commits than in any other month since its inception. (Source: gitgitlog.com/bitcoin/bitcoin) (Branch: master)

    Posted: 04 May 2020 02:59 PM PDT

    On a long enough timeline the survival rate of fiat currencies drops to zero

    Posted: 04 May 2020 05:03 PM PDT

    Stimulus Check Warning: Trump And The Fed’s Unexpected Problem - - - Amid building fears over runaway inflation, the coronavirus pandemic has pushed some toward digital currencies such as bitcoin.

    Posted: 04 May 2020 06:07 PM PDT

    "Dr" Craig Wright may lose the "Dr". He plagiarized several large sections of his PhD thesis and tried to hide it.

    Posted: 04 May 2020 07:54 AM PDT

    Opening Minds & Opening Money Through Opening Technology - Jameson Lopp

    Posted: 05 May 2020 02:42 AM PDT

    Thinking about setting up multisig with my hardware wallet, advice needed

    Posted: 05 May 2020 03:20 AM PDT

    So as the title says I am thinking about setting up multisig with my ledger nano s to have this extra security.

    But I am still unsure about what happens if I mess it up

    • Am I safe as long as I always keep the the seed phrase of the multisig wallet?

    ​

    • Is it better to set up a timer via p2sh script to keep the option to be able to spend without the second party after x amount of days or not?

    ​

    • If I loose access to my 2nd signature, including private key I loose funds permanently, right?

    So my main motivation to do this is to remove any trust in ledger and be sure I am the only one in control of my funds, but I am not sure if this extra security is worth it or if I am better off leaving things as they are to avoid messing up and myself being the reason why I loose access to all my Bitcoin.

    ​

    Any tips or answers appreciated!

    submitted by /u/Immediate-Host
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    Iran To Remove Four 0s Off Their Currency As US Sanctions Fuel Inflation

    Posted: 05 May 2020 01:36 AM PDT

    How can I celebrate the halving? Where is the best digital Halving-Party?

    Posted: 05 May 2020 04:04 AM PDT

    Guys, I would love to watch or take part in a digital Halving-Party! Does anybody know where/how such a thing is streamed or celebrated?

    Edit: This is my first halving and I want to party.

    submitted by /u/H1gH_EnD
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    Lightning Network Explained

    Posted: 05 May 2020 03:49 AM PDT

    Monthly average price map before and after emission reduction in Protocol BTC. The difference between epochs suggests that the nearest halving is more undervalued than the previous two!

    Posted: 05 May 2020 03:48 AM PDT
    Read more
    at

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