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    Bitcoin Daily Discussion, May 15, 2020

    May 15, 2020

    Bitcoin Daily Discussion, May 15, 2020

    Daily Discussion, May 15, 2020

    Posted: 15 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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    Guys, look what I found in a small town in Kenya. Bitcoin accepted here. Feels great to pay for my lunch with bitcoin

    Posted: 15 May 2020 01:39 AM PDT

    Solve your BRRRRR problems with this neat trick...

    Posted: 14 May 2020 07:30 PM PDT

    The Trojan Horse entering the gates ��

    Posted: 15 May 2020 01:20 AM PDT

    Fun Fact BCH is now at the lowest ever against BTC in its entire crappy history.

    Posted: 14 May 2020 11:54 PM PDT

    Current ratio 0.02484449 BTC (-1.96%) Sat December 2018 17;54 0.0248559 previous all time low.

    submitted by /u/Pipdotcom
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    Bitcoins balance sheet is very simple: 21 million.

    Posted: 14 May 2020 04:15 AM PDT

    One-Year Rolling Average price is at an All Time High

    Posted: 14 May 2020 10:56 AM PDT

    Bitcoin Pizza Day is almost here! May 22nd, only one week to go! Make sure to support your local Pizza Parlors that celebrate this iconic day with us.

    Posted: 14 May 2020 11:43 PM PDT

    Finally bought a third of a bitcoin. Now aiming for a full BTC.

    Posted: 14 May 2020 02:52 PM PDT

    ⚡️Announcing Lightning Multi-Loop: Upgrading Lightning Loop with Multi-Path Payments ⚡️

    Posted: 14 May 2020 01:01 PM PDT

    In light of a recent campaign to rewrite the history of this event remember the truth: Bitcoin thwarted an attack by 90%+ of the companies in this space and they are still bitterly attacking us with misinformation over it.

    Posted: 14 May 2020 11:47 AM PDT

    The End of the Gold-backed US-$ - Nixon Shock in August 1971 HODL BITCOIN

    Posted: 14 May 2020 09:07 PM PDT

    Scammer warning - This guy has even created his own ‘copy trading’ website to facilitate his scam. He’s still trying it on with users across multiple subreddits. u/william-micheal

    Posted: 14 May 2020 12:51 PM PDT

    Choose something new.

    Posted: 14 May 2020 04:48 PM PDT

    Hi newbies, volatile times ahead!

    Posted: 14 May 2020 06:43 AM PDT

    The world could be so simple, efficient, and frictionless!

    Posted: 14 May 2020 03:16 PM PDT

    Imagine if every merchant on earth accepted lightning as the worlds one interoperable standard for payments (just like SMTP is the worlds one standard protocol for mail) and you could pay in any crypto from btc to usdt to usdc to eth, whatever crypto you held, and the merchant could choose (via atomic swaps) to automatically receive any crypto they wanted from btc or any other crypto to any fiat backed crypto etc.

    You could travel the world with any digital currency you prefer, and pay anywhere on earth while the merchant receives whatever digital currency they prefer whether that be real crypto or their local fiat backed crypto.

    No more banks, no more ridiculous credit card fees or debit card fees overseas, no more predatory subscription based point of sale systems, no more trying to find ATMs, no more ridiculous overseas ATM fees, no more messing around with special prepaid travel cards, no more trying to find currency exchange desks, no more international credit card fraud or fraudulent charges, no more identity theft, no more trying to send bank wires for long-term accomodation that take 5 days and cost 5%, no more getting stuck without money and having no option but to resort to western union to receive emergency funds.

    Use any wallet, hold any crypto, spend it anywhere on earth.

    What a simple world that would be. Imagine how much easier overseas travel would become.

    submitted by /u/slvbtc
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    Terminal Deflation Is Coming

    Posted: 14 May 2020 10:25 PM PDT

    Main reason btc bull run comes after halving.

    Posted: 14 May 2020 06:47 PM PDT

    After BTC halving the reward is now 1/2 means 50% drop in miners revenue. So outdated or old hardware (that is just give small profits before halving) is now giving huge losses.

    So miners shutdown those machine and will upgrade to new ones in coming months.

    Hash rate drops means the mining difficulty will drop (but not same as hashrate) Difficulty adjust after 2016 blocks (14 days) The next difficulty adjust is +2.25% (means the cost goes higher)

    Miners stop selling new coins (because they are in loss) so there is no selling pressure and the price moves up (that will again make the mining profitable) That's the main reason btc bull run comes after halving.

    submitted by /u/mgsre1999
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    Bitcoin, you're killing us Europeans...

    Posted: 14 May 2020 12:32 PM PDT

    Block 629999 had a historic message .. I can only imagine what message will Block 839999 have in 2024 �� ? Thoughts welcomed

    Posted: 14 May 2020 05:17 AM PDT

    Tim Draper interview

    Posted: 14 May 2020 09:41 PM PDT

    I've heard people hear say that bitcoin reaching the moon could cause war and nation state collapse. I'm not sure how or why though. Anyone care to elaborate?

    Posted: 14 May 2020 07:52 PM PDT

    Title says it all. I'm interested in hearing more about how mass adoption of bitcoin could destabilize the world order.

    submitted by /u/proof_in_pudding
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    Bitcoin Q&A: Why Does Bitcoin Need a Second Layer? - Andreas Antonopoulos

    Posted: 14 May 2020 10:36 AM PDT
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