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    Bitcoin Daily Discussion, May 30, 2020

    May 30, 2020

    Bitcoin Daily Discussion, May 30, 2020

    Daily Discussion, May 30, 2020

    Posted: 30 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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    Anxious to see what my son will say to me.

    Posted: 29 May 2020 04:57 PM PDT

    BTC supporter here since 2014.

    When my son was 1 year old back in late 2016, I used up all his birthday money to buy bitcoin for him. Put it on a ledger and kept it away since. My wife told me to sell at $5000, at $10000 and $18000, but i hold it ever since, now she already know I will keep my promise to just give it to him when it is time (probably not at 18, because most youngsters are still retarded at that age)

    Anyway, I am so anxious to see his reaction when I tell him he has a certain amount of btc :D and that his 'old fashioned' dad was good for something :P

    I hope it will make him instantly financially stable/independent. Or maybe I will get to hear why I didn't sold at $18000 back in 2017! You should have listened to mum!

    submitted by /u/inhodel
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    Foreshadowing of the future.

    Posted: 29 May 2020 09:40 AM PDT

    Goldman Sucks

    Posted: 29 May 2020 04:31 AM PDT

    First time I've ever seen BTC as a payment option in the wild

    Posted: 30 May 2020 02:41 AM PDT

    In podunk South Carolina, USA. First time seeing one in my area.

    Posted: 29 May 2020 05:36 PM PDT

    After almost three hours, I finally moved my crypto off the exchange and onto a Trezor Wallet!

    Posted: 29 May 2020 08:04 PM PDT

    I'm not too tech savvy, but i think i got it figured out.

    I have a very safe place and method of storing my recovery seed.

    Just wanted to share my success story with you guys. It's crazy to look at the wallet the transactions came from. you think you own your crypto on an exchange, but really its just pooled together with $19,000,000 worth of other peoples coins, and the exchange owns that wallet. Pretty crazy! But now my crypto is mine, all mine!! muahaha

    submitted by /u/trevandezz
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    What does 1 trillion dollars look like?

    Posted: 29 May 2020 06:58 PM PDT

    Cathie Wood challenges Goldman Sachs to a Bitcoin debate

    Posted: 29 May 2020 06:44 PM PDT

    US: dry observation from a Europe guy on Corona and FED printing

    Posted: 29 May 2020 07:53 PM PDT

    So far:

    FED printed in 2020: 3 trillion $

    Taxpayers in the US: 140 million

    Printed per taxpayer: 21500$

    Stimulus check received per taxpayer: 1200$

    1200$ / 21500$ = 5.6%

    Is this correct ?

    Needs a bitcoin fix...

    PS same problem on its way in EU

    submitted by /u/RedWineBlackPiano
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    JPMorgan Bank Punished for Overcharging Cryptocurrency Purchases

    Posted: 29 May 2020 08:38 AM PDT

    Lost 9 BTC (AMA)

    Posted: 29 May 2020 06:22 PM PDT

    I got into crypto in late 2017 when it was ATH. I bought few BTC and started trading Altcoins to increase my BTC stash by following new found so called crypto gurus from twitter. I bougnt bunch of altcoins 50+ and lost all my btc in less than 2 months.

    Fast forward to March, 2020 i got back into crypto when it crashed to 4k and bought quite few btc again and i kept in mind not to make that mistake again but this time leverage trading caught me and due to impulse trading, weak hands and being inpatient cost me losing 80% of my portfolio.

    I've made lots of mistakes and i know new comers to crypto will make these mistakes too which is not good for crytpo community, so i want to help you all in whichever way possible, please leave your questions below.

    submitted by /u/itnvrr
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    A brief history of Bitcoin Stock-to-Flow models

    Posted: 30 May 2020 01:51 AM PDT

    EZPostage.io - Buy Shipping Labels with Bitcoin quickly! USPS, DHL, CanadaPost..

    Posted: 29 May 2020 02:50 PM PDT

    https://ezpostage.io/ - THE BEST BITCOIN POSTAGE SERVICE

    Hello,

    EZPostage.io is a new service that sells mailing postage for Bitcoin
    We currently support USPS, DHL, CanadaPost, FastWay & CouriersPlease

    Our features:

    Automatic Input

    No account required
    Support for several carriers
    Lowest Prices
    Live Chat & E-Mail Support
    Variety of custom print formats
    Support for International shipments w/ intuitive customs forms and guides

    Come check us out https://ezpostage.io/

    Thanks

    submitted by /u/EZPostage
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    Overview article on all S2F model developments in plain English

    Posted: 30 May 2020 12:06 AM PDT

    Yesterday, I published a Medium article that aims to provide an overview of all developments related to the Bitcoin Stock-to-Flow (S2F) and Stock-to-Flow Cross Asset (S2FX) models in plain English.

    If you're interested in reading up or better understanding what these models are about and what the limitations of these models are, you might find it useful. Cheers!

    https://medium.com/@dilutionproof/modeling-value-based-on-scarcity-7fa7d754a58

    submitted by /u/dilutionproof
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    Seen on Despicable Me. Bitcoin about the end Banks of Evil

    Posted: 30 May 2020 02:41 AM PDT

    Partially redeeming a Casascius physical bitcoin - help request

    Posted: 29 May 2020 09:06 PM PDT

    Overview of problem

    I have a Casascius physical bitcoin and I am unable to add its digital contents to a wallet. It seems that the key is not the right length or format. I started to get out of my depth with talk of things like a Minikey format.

    I removed the hologram when I was given it years ago as I was curious what was under there. I don't want to sell it instead I want to add its 1 BTC value to a wallet so I can partially redeem it and keep the physical brass as a collectible.

    What I have observed and tried (apologies in advance for butchering terms)

    I've searched several sites, including here and haven't been able to find a current answer for the new style of keys and wallets.

    I put the seven character code from the hologram into the casascius.uberbills dot com site and it gives me a 33 character key, tells me it's version 2 and confirms that it has a 1 BTC value

    I've tried to import it into a Blockchain wallet but get the error "this private key does not match the watch only address above" when I enter the private key under the hologram. For some reason it seems like a different public address is generated when I enter the 33 char code.

    I tried to import it into a Jaxx Liberty wallet but it doesn't recognise the minikey or 33 char code as valid.

    I've basically run up against my level of knowledge and don't know what the next steps are of if I'm missing something bleeding obvious. I double and triple checked any data entry because I saw this was a common problem.

    I'd really appreciate any help or pointers the community can give me.

    Thanks

    submitted by /u/PickledNumbat
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    Bitcoin Stock Market

    Posted: 30 May 2020 12:26 AM PDT

    Hi! New here. Been Googling/researching for an answer but cannot find anything. Is there a stock company that is invest heavily into Bitcoin that I can purchase options with?

    submitted by /u/WCEncinares
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    Is there a source that tracks how much bitcoin is traded in exchange for good and services?

    Posted: 30 May 2020 01:09 AM PDT

    Basically the title.

    submitted by /u/Muscatier
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    ��

    Posted: 29 May 2020 02:26 PM PDT

    Why Should You Buy Then HODL Bitcoin in 2020?

    Posted: 29 May 2020 10:48 AM PDT

    Venezuela update. One BTC is around 1,835,000,000 Bs. (Bolivares). 463 BTC were traded last week, up from 457 BTC (only using LocalBitcoin), these 463 BTC traded are 834,263,000,000 Bs. Minimum monthly wage is around 5 USD.

    Posted: 29 May 2020 06:12 AM PDT

    Hi guys,

    As you know Venezuelan "living" here.

    Just updating this week numbers. As I always say, only measured by LocalBitcoin. There are other exchanges like AirTM (this one accepts Bolivares) and UPHOLD.

    Steady 2000 BTC monthly.

    Monthly minimum wage is around 5 USD.

    Any question let me know, AMA.

    Sources:

    https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

    https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

    https://coin.dance/volume/localbitcoins/VES/BTC

    LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

    submitted by /u/WorkingLime
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    Wallets that can connect to my full node?

    Posted: 30 May 2020 12:18 AM PDT

    on android? how about on ios? need suggestions thanks! also will it work cause my node is pruned...

    submitted by /u/MolestedScavenger
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    A HUGE showdown of multiple converging macro and micro trends will happen 2-3 weeks from now.

    Posted: 29 May 2020 10:38 AM PDT
    Read more
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