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    Bitcoin Daily Discussion, June 19, 2020

    June 19, 2020

    Bitcoin Daily Discussion, June 19, 2020

    Daily Discussion, June 19, 2020

    Posted: 19 Jun 2020 12:01 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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    New here. Not Lambo but my bitcoin got me these. I think they call it diversified.

    Posted: 18 Jun 2020 09:57 PM PDT

    I Don’t Care For Bowling, But You Know What I Love...?

    Posted: 18 Jun 2020 09:47 AM PDT

    sweet jesus!

    Posted: 18 Jun 2020 11:22 PM PDT

    Last time I booted up this phone Bitcoin was $436 F in chat

    Posted: 18 Jun 2020 06:43 PM PDT

    Japan megabank Nomura launches Bitcoin and crypto custody for institutional investors

    Posted: 18 Jun 2020 11:17 PM PDT

    I will make sure Bitcoin survives a solar flare.

    Posted: 18 Jun 2020 01:40 PM PDT

    As a young and proud member of the Bitcoin community having created my own coin and more. My promise is to make sure Bitcoin survives any solar flares. I am doing this by keeping a hard drive with the Bitcoin blockchain in a Faraday box and using a special technology to backup the blockchain on paper. I will keep Satoshis legacy alive in the event that this happens. I will post a photo once I'm done printing all the paper!

    Edit: I'm reposting this as it seems like adding my donation address triggered the automod.

    Another edit: Thank you for the award, I really do appreciate it!

    More edits (lol): I have made a simple website where you can see the project and donate! https://thebitcoinarchive.com

    Status: Downloading blockchain with txindex enabled!

    submitted by /u/Tech1k
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    Land Rover celebrated 50 years, and in a memorial video he also mentions the creation of BTC network

    Posted: 19 Jun 2020 03:48 AM PDT

    How many of you are aware of davincij15? He's a legend who was mining bitcoin in 2011 while everyone was bashing him. In summer 2019 he introduced us to his cat Satoshi!

    Posted: 19 Jun 2020 04:07 AM PDT

    My Modesto, CA. McDonalds is warning us of a NATIONAL PENNY HODL !

    Posted: 18 Jun 2020 08:55 PM PDT

    I learned about Bitcoin in class

    Posted: 19 Jun 2020 04:08 AM PDT

    Hi I am young and I live in England

    My teacher in class yesterday told me about inflation and then I googled and saw Bitcoin and she said how it works and we were learning about it in class

    I love to learn about Bitcoin

    submitted by /u/Poipun99
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    Bitcoin mining manufacturer Ebang will be listed at Nasdaq

    Posted: 19 Jun 2020 12:19 AM PDT

    UK debt exceeds GDP

    Posted: 19 Jun 2020 02:03 AM PDT

    https://www.theguardian.com/business/2020/jun/19/uk-debt-is-bigger-than-economy-for-first-time-since-1963-coronavirus

    Invest in Bitcoin, the house of cards and biggest financial scam is slowly coming down

    submitted by /u/indomitus1
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    Bitcoin to $150,000 in the next bull run? Pattern inside.

    Posted: 18 Jun 2020 01:38 PM PDT

    I've found an interesting pattern in this article. What do you think?

    As if on cue, from 2009 to 2012, 2013 to 2016, and 2017 to 2020, bitcoin rose to its peak, falls down hard, recovered roughly to the mid-point of the previous peak before the next halving event and then rose to its next peak.

    Here is a quantitative summary of the key figures:

    Peak 1 at $32 and halving (2012) at $12.5, or 39% of prior peak.

    Peak 2 at $1,179 and halving (2016) at $665, or 56.5% of prior peak.

    Peak 3 at $19,764 and halving (2020) at $8,977, or 45.5% of prior peak.

    Taking a closer look at these figures highlights another trend few others have noticed.

    The ratio of Peak 1 to Peak 0 (50 cents in 2010) is 32/0.5 = 64.

    The ratio of Peak 2 to Peak 1 is 1,178/32 = 36.81.

    The ratio of Peak 3 to Peak 2 is 19,764/1,178 = 16.77.

    Each new ratio is roughly one half of the previous one. This implies the next peak for bitcoin could be 19,764 times 8, or $158,112.

    submitted by /u/cecil_X
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    Bitcoin was built to solve this

    Posted: 18 Jun 2020 01:28 PM PDT

    Are you on GitHub? If so, be sure to show some love to the best Bitcoin projects around!

    Posted: 19 Jun 2020 04:14 AM PDT

    Are you on GitHub? If so, be sure to show some love to the best Bitcoin projects around!

    Most of us use Bitcoin software for free. Very often, however, we forget that behind these software there is the work of thousands of people.

    If you are on GitHub, spend 5 minutes of your time to show appreciation for their work and "star" repositories.
    If you are not registered yet, you may think of doing so! Who knows, maybe in the future you could become a contributor to those same projects!

    https://preview.redd.it/mlpxjo80ou551.jpg?width=1350&format=pjpg&auto=webp&s=3e8910ac750b1293163a6255345a5bca42e89e9d

    Here you will find a list (alphabetically ordered) which lists some of the most important projects in this community:

    Bisq: https://github.com/bisq-network/bisq

    Bitcoin: https://github.com/bitcoin/bitcoin

    Bitcoin Knots: https://github.com/bitcoinknots/bitcoin

    Bluewallet: https://github.com/BlueWallet/BlueWallet

    Btcd: https://github.com/btcsuite/btcd

    BTCPay Server: https://github.com/btcpayserver/btcpayserver

    BTC RPC Explorer: https://github.com/janoside/btc-rpc-explorer

    C-lightning: https://github.com/ElementsProject/lightning

    Eclair: https://github.com/ACINQ/eclair

    Electrum: https://github.com/spesmilo/electrum

    ElectrumX: https://github.com/kyuupichan/electrumx

    Electrum Personal Server: https://github.com/chris-belcher/electrum-personal-server

    Electrum Server: https://github.com/spesmilo/electrum-server

    JoinMarket: https://github.com/JoinMarket-Org/joinmarket-clientserver

    LND: https://github.com/lightningnetwork/lnd

    LN Zap: https://github.com/LN-Zap/zap-desktop

    Mastering Bitcoin Book: https://github.com/bitcoinbook/bitcoinbook

    Mycelium: https://github.com/mycelium-com/

    OpenBazaar: https://github.com/OpenBazaar/openbazaar-desktop

    Raspiblitz: https://github.com/rootzoll/raspiblitz

    Raspibolt: https://github.com/Stadicus/RaspiBolt

    Ride The Lightning: https://github.com/Ride-The-Lightning/RTL

    Samourai Wallet: https://github.com/Samourai-Wallet/samourai-wallet-android

    Wasabi Wallet: https://github.com/zkSNACKs/WalletWasabi

    Zeus LN: https://github.com/ZeusLN/zeus

    ​

    The list is obviously incomplete, given the huge number of projects.
    Feel free to share the link of the projects that I have not mentioned.

    submitted by /u/RiccardoMasutti
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    How much should I hold?

    Posted: 19 Jun 2020 02:49 AM PDT

    I'm about to invest part of my saving in to BTC with hope to earn some money in the coming years. How much would you recommend me to hold?

    submitted by /u/HugeChunkError
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    A reminder to all governments...

    Posted: 18 Jun 2020 09:48 AM PDT

    I lost my job last month due to covid19 situation but I managed to protect my back and apply for the best life insurance I know! Bitcoin of course.

    Posted: 18 Jun 2020 06:52 AM PDT

    I bought a used Ledger and the seller was nice enough to include the seed so I don’t have to start from scratch

    Posted: 18 Jun 2020 11:23 AM PDT

    Being new and all I didn't want to try to set one up myself so I found someone selling one. Seemingly trustworthy individual, not shady looking so I felt comfortable. I'm sure some would say not to, but for $100 it was a good deal. He even told me to let him know once I transferred Bitcoin on to it so that he knows it was working okay which I thought was very nice. So I did just that, he checked it and said everything worked perfect. There's some good people out there you know. Anyways long story short, I don't see my Bitcoin even though he confirmed they're there, so now I just have to figure out how to display them so I may need some help as this guys phone number doesn't seem to be working, well at least for now but I'll keep trying.

    So to this point, what were you thinking? The emotions run wild don't they and that's why I wrote it, because as bizarre as it is I read similar stuff every single day.

    If you're new to crypto I want to get your attention! You need to be smart and not trust just anyone or any website. There's nothing more exciting than buying your first Bitcoin and there's nothing more heartbreaking than losing it to a scam, poor judgement or a careless error.

    If you're not sure, don't act first and then ask questions when it's too late!!! How many times have I read "is this a scam?" being asked after the fact and when it's irreversible and the coin is gone!

    Be smart, be careful and stay safe!

    submitted by /u/bj_d
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    Saifedean Ammous Interview :: The Bitcoin Standard - Two Years On :: Coinscrum /Presents

    Posted: 19 Jun 2020 02:11 AM PDT

    How to check over 1 trillion mnemonics in 30 hours to win a 1 bitcoin giveaway

    Posted: 18 Jun 2020 09:14 PM PDT

    In this amazing article /u/johncantrell97 explains how he managed to brute force the last 4 words of a 12 words seed phrase to win a 1 bitcoin giveaway made by /u/alistairmilne.

    https://medium.com/@johncantrell97/how-i-checked-over-1-trillion-mnemonics-in-30-hours-to-win-a-bitcoin-635fe051a752

    submitted by /u/yahiheb
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    Do side-channel attacks occur?

    Posted: 19 Jun 2020 04:39 AM PDT

    If you know what program is running on a computer, you can infer information about the inputs if the function from the time it takes for the program to run, the power draw, and sometimes from noise in radio signals transmitting information across the network. Are there any famous documented cases of this occurring in practice?

    submitted by /u/XiPingTing
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    Post Pandemic Economic Crisis Triples Bitcoin Trust

    Posted: 19 Jun 2020 04:29 AM PDT

    "We're building bitcoin to last 100 years" - MIT's Neha Nararula on Bitcoin protocol developer in 2020 and beyond

    Posted: 18 Jun 2020 11:27 AM PDT
    Read more
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