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    Bitcoin Daily Discussion, June 20, 2020

    June 20, 2020

    Bitcoin Daily Discussion, June 20, 2020

    Daily Discussion, June 20, 2020

    Posted: 20 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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    Bitcoin solves this problem. Be your own bank.

    Posted: 19 Jun 2020 05:34 PM PDT

    Bitcoins' economics >>>

    Posted: 19 Jun 2020 05:53 AM PDT

    I feel like I belong now. ♥

    Posted: 20 Jun 2020 03:15 AM PDT

    So my wife thought I wrote her a love letter..

    Posted: 19 Jun 2020 04:18 PM PDT

    I came into the room with my Trezor and a piece of paper.. I proceeded to explain to her how to access my digital assets with detailed step-by-step instructions written on the piece of paper. I explained that if anything were to ever happen to me, she would need to understand this in order to retrieve the money should she ever want to cash out after I'm gone. After about 10 minutes of me explaining she sighs deeply and said.. "Oh.. I thought you wrote me a love letter..".

    Damn.. I thought this WAS a love letter. Oh well.

    submitted by /u/Galactic_Acid_
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    Financial advisors ... am I right?

    Posted: 19 Jun 2020 09:57 AM PDT

    Thank you Nomura, very cool!

    Posted: 19 Jun 2020 05:56 AM PDT

    New York Fed: Bitcoin just 'another example of fiat money'

    Posted: 20 Jun 2020 01:53 AM PDT

    Any ideas when we might see Taproot code and will that need to be a soft fork to add it to main net?

    Posted: 20 Jun 2020 12:12 AM PDT

    Venezuela update. 475 BTC were traded last week using Localbitcoin (down from 537), that is 918,673,000,000 Bs. In both ways (Bs. to BTC and BTC to Bs.). One BTC 1,850,000,000 Bs. Monthly minimum wage is 5 USD.

    Posted: 19 Jun 2020 12:41 PM PDT

    Hi guys,

    Remember Venezuelan "living" here.

    As I always say, it is steady 2000 BTC monthly (only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on)

    Finally, goverment increased the price of the gasoline. Now one litre is 50 USD cents (one gallon is 1.9 USD). Old price was: 1 litre of gasoline = 0.0000000003 USD.

    As the wages are that low, you have a subsidized amout of 120 litres monthly (120 litres for 3 USD).

    People always ask what the the average salary, not the minimum. Well I would say around 20-50 USD monthly. One doctor is around 30 USD. Teacher around 20 USD. Junior engineer maybe 50 USD (The engineers collegue "suggests" around 200 USD monthly, but it is hard to find a place with these wages)

    Any question let me know, AMA. But check my links and sources first.

    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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    'No inputs found'

    Posted: 20 Jun 2020 12:57 AM PDT

    I have created an Electrum wallet, but am having no luck in trying to sweep into it the balance of my Bitcoin paper wallet.

    When I entered my (compressed) Private Key in 'Sweep' in the Electrum wallet menu (and yes, the light was green), I received the message "No inputs found. (Note that inputs need to be confirmed)."

    After some research, I found out how to obtain my uncompressed Private Key (through bitaddress.org). But when I used that in Electrum, I got the same result.

    Logging in to Blockchain.com has confirmed that my coin is still there.

    In case it's relevant, the paper wallet was created in 2017, but I purchased some more Bitcoin (and sent it to that paper wallet) a few weeks ago.

    Any assistance will be greatly appreciated.

    submitted by /u/Hank1402
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    10 Years of Bitcoin | 1 month bar | No predictions, Just data |-| It's always interesting to take a step back and look at things from a different perspective.

    Posted: 19 Jun 2020 07:49 AM PDT

    New York Fed: Bitcoin just 'another example of fiat money' - Decrypt

    Posted: 19 Jun 2020 11:56 AM PDT

    Saying the Bitcoin market will not change when 500 Trillion in institutional market value opens to being able to buy Bitcoin is like saying Bitcoins 2013 buying limited market would not change in 2020 when more gateways opened to Bitcoin

    Posted: 19 Jun 2020 02:02 PM PDT

    Every attempt to buy has failed

    Posted: 19 Jun 2020 10:57 PM PDT

    I have tried multiple apps/sites, with multiple payment methods, and every single time I get an error or transaction failed messaged. Anyone else having issues?

    Tried Coinbase, Bitcoin, Coinmama, Binance, Blockchain, and all with debt card, credit card, and bank account.

    submitted by /u/Noexa
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    I’m new to this whole mining thing and I need some advice

    Posted: 20 Jun 2020 03:37 AM PDT

    Ok so I have a few questions:

    How do I start mining?

    Where do I mine?

    What is a reliable software that I can use?

    Are there any other things I should know about?

    Any help would be great

    submitted by /u/tinky_winky69
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    Running a Full Node

    Posted: 19 Jun 2020 05:43 PM PDT

    I'm planning on running a full node w a Raspberry Pi. I have seen a few tutorials but if anyone knows a good one it would be appreciated. I also can't seem to find any info on if I'd be able to use my hardware wallet w the node directly to increase security and independence.

    submitted by /u/Pathfinder608
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    Never trust a third party. Use bitcoin instead!

    Posted: 20 Jun 2020 03:24 AM PDT

    Bitcoin Whitepaper 12 years later. What is working and what is still missing.

    Posted: 19 Jun 2020 09:15 PM PDT

    Visualizing Lightning Network Wallets Architecture

    Posted: 19 Jun 2020 03:00 PM PDT

    *mutes post and walks away*

    Posted: 19 Jun 2020 09:53 AM PDT

    How do I go about finding an Internship in the Crypto Space?

    Posted: 20 Jun 2020 12:40 AM PDT

    Seeing if anyone could put any resources forward in regard to finding internships or any free work in the crypto space as I just want to get my foot in the door.

    Bit of background about myself, I have worked in the Advertising, Marketing and PR space for several years now and am also a graphic designer, specialising in branding. I have worked primary in the music industry with labels such as Columbia and alongside several music festivals assisting in the entire branding process.

    I have been an avid fan of the crypto space for about two years now and have a decent understanding of blockchain technology but am willing and wanting to learn as much as I can. Happy to assist in any way possible, whether its logo design, seo, motion graphics etc.

    submitted by /u/BrickOrBuild
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    (SCAM) Panama Bitcoin scam

    Posted: 19 Jun 2020 05:30 PM PDT

    I recently recieved a facebook message from someone who I didn't know IRL.

    They informed me "Do you know you can make $1500 with just $100 after 7 day's of trading."

    This immediately seemed fishy. They sent me a dodgy looking link where I could apparently buy bitcoin. So I did a WhoIs of this URL and found it was registered in Panama.

    I reverse searched the phone number and began to find tens of websites registered using the exact same PO box and phone number. I have included a pastebin containing this information.

    DO NOT click on these scam links as they can steal personal information.

    Phone: +507.8365503

    Fax: +51.17057182

    Address: P.O. Box 0823-03411

    submitted by /u/lemur-bongrip
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    Merkle Tree. Why is it crucial for Bitcoin?

    Posted: 20 Jun 2020 01:42 AM PDT
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