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    Bitcoin Daily Discussion, June 08, 2020

    June 08, 2020

    Bitcoin Daily Discussion, June 08, 2020

    Daily Discussion, June 08, 2020

    Posted: 08 Jun 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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    Just sold some of my Counter-Strike Skins to make my first Crypto-Investment

    Posted: 07 Jun 2020 08:39 AM PDT

    Brrrrrrrrr

    Posted: 07 Jun 2020 10:32 AM PDT

    NYET SHITCOINS!

    Posted: 07 Jun 2020 12:48 PM PDT

    Alright which one of you is this ? (PS4)

    Posted: 07 Jun 2020 01:12 PM PDT

    First Crypto ATM I've came across! Miami, FL

    Posted: 07 Jun 2020 04:24 PM PDT

    ₿itcoin is ₿eautiful.

    Posted: 08 Jun 2020 03:59 AM PDT

    Is it just me or are there more Trolls in r/Bitcoin than actual adopters?

    Posted: 07 Jun 2020 09:29 PM PDT

    A Pentagon war game shows Gen Z using Bitcoin to fight the system

    Posted: 07 Jun 2020 01:57 PM PDT

    No Bitcoin memes on here please, only relevant content!

    Posted: 08 Jun 2020 04:38 AM PDT

    That bullish trend though ����

    Posted: 07 Jun 2020 01:02 PM PDT

    Bitcoin’s average transaction fees fall by 83% from post-halving high

    Posted: 07 Jun 2020 02:06 PM PDT

    PSA: the COVID relief package allows you to withdraw from your 401k without having to pay early withdraw fees, if anyone wants to cash out and invest in Bitcoin

    Posted: 07 Jun 2020 08:12 PM PDT

    Do we know anyone who bought in 2010 and made it? All I saw here people with regret they sold for peanuts.

    Posted: 07 Jun 2020 05:54 PM PDT

    The Paper Network: an option for your grandma to adopt Bitcoin

    Posted: 07 Jun 2020 09:46 PM PDT

    Imagine not having to explain what Bitcoin is to your grandma and she still being able to use it. Imagine going to your computer and being able to literally print bills for your grandma: 100,000 Sats / 50,000 Sats / 10,000 Sats / 1,000 Sats or any denomination. Yep, just like Dollars or Euros. And she can go to the store and pay in cash (actually cash backed by Bitcoin). I know what you're thinking: "that's a paper wallet". Well... not really. What I'm proposing is a "Smart Bitcoin Bill" to avoid fakes and double spending.

    How would it work? Just like an encrypted paper wallet, this bill will be protected by a passcode (a pin, a password, or even a fingerprint). To create it, you just deposit Bitcoin into the Paper Network just like you would do with the Lightning Network or WBTC. Once you do it, you can divide your BTC into several denominations and then print the bills. Once you have the bills, you could go to the store and pay using them and you can use your PIN number or fingerprint to change the ownership of the encrypted private key (from your grandma's point of view, she's just paying in cash and scanning her finger, or putting a PIN number). This way, if you ever had copies of these bills, once you've spent them only the new owner of the passcode recognized by the Paper Network would be able to redeem the Bitcoin and send it to a standard wallet, or spend it again.

    The Paper Network is very similar to WBTC, but I think that even though obviously I'm not an expert and I'm just one more Juan on the internet talking about something that I don't 100% understand, I think that if something like this was possible and we made it 100% trustless, it would be huge for third world countries and older individuals to reach massive BTC adoption.

    How would you implement it?

    Is it even possible to make it 100% trustless? How?

    What implications could it have?

    What other implementations can you think of?

    I'd love to hear your opinions. Thank you!

    submitted by /u/OneMoreJuan
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    What's wrong with my node?

    Posted: 08 Jun 2020 03:38 AM PDT

    What's wrong with my node?

    I finally connected my hardware wallet to electrum which I then connected my node. But when I'm using my node, this appears in all transactions:

    ​

    When I hover over the symbol, it says \"0 confirmations\"

    And when I connect to an external node, it gets the green check saying that it's confirmed.

    ​

    This is the settings page on Electrum, where the local ip is my node

    Why does this happen?

    submitted by /u/nerviosus
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    Bitcoin Mining Live - 6.25 BTC

    Posted: 07 Jun 2020 10:16 PM PDT

    Dig this out of an old box. About to become rich!

    Posted: 07 Jun 2020 06:43 PM PDT

    Ten Best Books to Read on Bitcoin and Cryptocurrency in 2020

    Posted: 07 Jun 2020 05:44 PM PDT

    Implementing Bitcoin to my store was surprisingly easy.

    Posted: 07 Jun 2020 08:34 AM PDT

    I run a small online store selling computer hardware and technology geared towards high end PC users and gamers. I've been mad about bitcoin and crypto in general since around 2011, so I thought I'd do my part and accept it as payment, normalizing it is the key!

    With just a few clicks here and there I've got two payment handlers that handle bitcoin transactions and a 10% discount for anyone willing to use bitcoin that they can use as much as they want.

    Its is so easy to implement, its almost crazy not to, it has come a long way since the old days.

    submitted by /u/FinalInitiative4
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    Hello fellow Bitcoiners, I recently found this device while cleaning out my old room but cannot get my laptop or any PC to recognize it. Any ideas on how to fix this issue? It kills me to think that there may be something stored on it.

    Posted: 07 Jun 2020 03:23 PM PDT

    Spending Bitcoin in Japan (My Top 8 places)

    Posted: 07 Jun 2020 06:44 PM PDT

    Hi all, I recently got to write an article about some of my favourite places to spend crypto while living in Japan.

    Not sure who will find this article helpful if you don't live in Japan, but at the very least, I hope some of you will find it interesting.

    And if you ever get the chance to visit, you should check out some of the places on the list.
    https://zenmarket.jp/en/blog/post/9201/where-can-i-use-bitcoin-in-japan

    submitted by /u/zenmarketjp
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    Thousands of Bank Accounts of Crypto OTC Traders in China’s Guangdong Are Frozen by Local Police

    Posted: 08 Jun 2020 04:26 AM PDT

    Analysis of a sextortion email using Bitcoin - The Cryptonomist

    Posted: 08 Jun 2020 12:40 AM PDT
    Read more
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