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    Bitcoin Daily Discussion, May 24, 2020

    Bitcoin Daily Discussion, May 24, 2020


    Daily Discussion, May 24, 2020

    Posted: 24 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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    Not as fancy as everybody else but Bitcoin bought me a Chevy Cruise(my first car)

    Posted: 23 May 2020 07:07 PM PDT

    You fall for this?

    Posted: 23 May 2020 04:45 AM PDT

    Goldman Sachs JUST scheduled an investor client call to discuss the "implications of current United States policies for inflation, gold, and bitcoin”. This is happening on May 27th 2020

    Posted: 23 May 2020 04:09 PM PDT

    TIL this energy drink exists. Has anyone tried this before?

    Posted: 23 May 2020 06:57 PM PDT

    My Goal Last Year Was to Have At Least 1 BTC!

    Posted: 23 May 2020 04:11 PM PDT

    My Goal Last Year Was to Have At Least 1 BTC!

    As the title states, last year my goal was to have 1 BTC. To everyone who are working on their way to a full BTC, just be patient and you will accomplish your goal. The problem is that once you have one BTC you'll want more lol. As of right now I have more than one and still keep buying. My goal is to have at least 5 BTC before we go over $20k. It will be hard to accomplish that goal but I will be fine if I don't achieve it. Good luck to everyone and make sure you place your BTC on a ledger. Do not leave it in exchanges. $HODLTHATBTC

    My goal last year!

    submitted by /u/Mari0805
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    What changes can we look forward to with the release of 0.20.0 and how soon are we likely to see it in production?

    Posted: 23 May 2020 11:38 PM PDT

    I don’t buy new cars (I’m in the auto industry) but depreciation is my friend and purchased this $120k (MSRP in 2005) beast (500+ Horsepower Supercharged V8) Flew out to LA last week and drove her back to Kansas. Thanks Bitcoin!

    Posted: 23 May 2020 08:03 PM PDT

    If you have a recovery passphrase printed on paper, you can put scratch-off stickers over it to at least make it somewhat tamper-evident. (No, that's not my phrase, just some randomly-generated words :))

    Posted: 23 May 2020 08:53 AM PDT

    A Shopify exploit allow a hacker to sell the databases of Trezor and Ledger. No password change needed but be careful guys!

    Posted: 24 May 2020 03:13 AM PDT

    I am a minor looking to get into cryptocurrency but I don’t know how to start

    Posted: 24 May 2020 02:20 AM PDT

    How do minors get their hands on bitcoin? I have a btc wallet but I can't seem to find any reliable way to buy btc, I don't have any btc atms near me and all of the offers i have found online either require you to be 18 or they seem sketchy. I am in a fairly small town in the US so it is hard to find anyone for meetup.

    submitted by /u/mayotits12
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    More Bitcoin transactions obfuscated this month than ever before, 70,000, using CoinJoin privacy strategy

    Posted: 24 May 2020 03:40 AM PDT

    Will BTC remain stagnant

    Posted: 23 May 2020 11:05 PM PDT

    I'm invested in BTC and a few altcoins pretty heavily (for my standards). I've bought for a few years here and there but after COVID dip I bought majority of what I own so portfolio already up pretty significantly. I mainly invested after hearing the plan b's and pomps of the world with their moon predictions in the next couple years, but the more I study this with a level rational head the less I'm convinced. Don't get me wrong, I'm hoping for these predictions to come true but here are the things I see working against BTC: 1) Extreme volatility caused by market manipulation from whales making everything seem very shady/rigged discouraging people from investing 2) Technology that is now slow, outdated, not user-friendly, and hard to explain for mass adoption. 3) Risk of theft / hacking, in turn causing massive drops in market when exchanges get hacked for example 4) Altcoins have muddied the waters...with shitcoins on one end scaring people off, to better coins technologically speaking on the other end, which have taken away $ which would otherwise have been invested in BTC..and which in turn have spawned these exchanges which now seem to control the price 5) BTC barely scraped $20k and has barely been above $10k. Where are all these $100k predictions realistically coming from? I believe most investors don't realistically believe this which is why they sell so much, otherwise why wouldn't everyone hodl until it reaches six figures? Would love to hear your thoughts.

    submitted by /u/riverja79
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    THIS IS WHY I BUY AND STORE BITCOIN OFFLINE

    Posted: 23 May 2020 08:06 PM PDT

    2030: Do you remember when a pizza was 120000 Satoshis back in 2020?

    Posted: 23 May 2020 08:57 AM PDT

    Unauthorized Withdrawal

    Posted: 24 May 2020 03:20 AM PDT

    Good Day. Please i have an Account with BlockChain but i notice my account has a withdrawal of all my BTC which was not done by me. It has Replace-By-Fee

    What might have happened?

    How can i get my Money Back?

    submitted by /u/sancoflex
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    if you are actively trading and don't like bidding up bitcoin fees and overpaying use liquid 1-2c vs 50-$2.50 for 1min vs 1hr+

    Posted: 23 May 2020 01:34 PM PDT

    "Banks are already and at all times bankrupt" - Murray N. Rothbard on What Has Government Done to Our Money?

    Posted: 23 May 2020 09:01 AM PDT

    Bitcoin Moves $400 Million for Just $2.50 in Fees

    Posted: 23 May 2020 10:44 AM PDT

    Bonus Livestream Session - Key Management and Hardware Wallets - Andreas Antonopoulos

    Posted: 23 May 2020 12:40 PM PDT

    Bulltardia, a Bitcoin fable

    Posted: 23 May 2020 03:07 PM PDT

    Bulltardia, a Bitcoin fable

    Wanted to introduce Bulltardia, a graphic novel I've been working on. It follows the story of a honey badger. Well, not just any honey badger... THE honey badger, the punk that doesn't care. Right now, he really needs to go to the moon. Do you want to know why? It's available on Webtoon, free to read and there's even a hidden Bitcoin treasure in the story.

    Cheers, hodl.

    Bit the Honey badger

    submitted by /u/legeugre
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    @MyNodeBTC its lit

    Posted: 23 May 2020 08:02 PM PDT

    Best way to Help?

    Posted: 23 May 2020 10:31 PM PDT

    I was thinking about running a node for BTC. What's the popular opinion on the best way to contribute in this area? Running a standard full node over the internet, or a lightening node OR a Blockstream satellite node?

    Thanks!

    submitted by /u/williamevanl
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    Recent clearings of the MemPool (transaction confirmation)

    Posted: 23 May 2020 10:32 AM PDT

    A reminder to anyone fearful that TXNs require 200 sat/b to get confirmed, here are some low fee-bands that were recently cleared.

    Recent MemPool clearings:

    • May 23, 15:55 UTC - All TXNs above 6 sat/b were cleared
    • May 18, 07:45 UTC - All TXNs above 3 sat/b were cleared
    • May 12, 12:59 UTC - All TXNs above 2 sat/b were cleared

    Most below market fee TXNs will wait two weeks to get confirmed before giving up. So if you put a TXN into the mempool for 2 sat/b on May 11th, it would have cleared on May 12th. If you put a 3 sat/b TXN in the mempool on May 13th, it would have cleared on May 18th. And if you would have put a 6 sat/b TXN in the mempool on May 19th, it would have cleared by May 23rd.

    https://jochen-hoenicke.de/queue/#1,2w

    LPT: If you click the fee-band legend numbers on the left, it will exclude fees below that band from the chart.

    submitted by /u/brianddk
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    Institutional Investors Buying Up BTC Like Crazy After Halving

    Posted: 23 May 2020 02:57 PM PDT

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