Bitcoin Daily Discussion, June 21, 2020

Daily Discussion, June 21, 2020
Bitcoin's value proposition
This is why we need bitcoin
My Bitcoin is being protected by a beast
B for Revolution
If you're skeptical of Bitcoin, don't change.
My Bitcoin is being protected by this brave lion
Trump says if Biden wins your 401k and money itself will become worthless
Bitcoin right now
Lightning network solves this?
Spotted on UES of NYC on 2nd btwn 70th and 71st.
Bitcoin = happiness
WalletScrutiny is growing. An update and call to help
All eyes on Bitcoin & Satoshi Nakamoto in the movie 'Decrypted'
I saw this at the end of the Hodl discussion :)
Payment processor Visa blacklists free speech software company Gab
Peer to Peer pressure
YES MOM AND DAD I OWN BITCOIN
Gold requires as much trust as fiat in order to function. Bitcoin is the first money in 5000 years that does not require trust in any company, authority, or government to function.
If you want to be a first class Bitcoin citizen, you need to run a full Bitcoin and Lightning Network node! The developers of the Raspiblitz will show you how tonight at 8 pm CEST, live on YouTube. ⚡
'Elon Musk' Bitcoin scam rakes in $2 million in two months
Is TREZOR is basically an offline seed generator?
Bisq Q2 2020 Update
I did not expect to hear about bitcoin from the Times

Daily Discussion, June 21, 2020

Posted: 21 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
[link] [comments]

Bitcoin's value proposition

Posted: 20 Jun 2020 08:38 PM PDT

submitted by /u/speakersandwich
[link] [comments]

This is why we need bitcoin

Posted: 20 Jun 2020 05:48 AM PDT

submitted by /u/trevandezz
[link] [comments]

My Bitcoin is being protected by a beast

Posted: 20 Jun 2020 04:35 PM PDT

submitted by /u/OneMoreJuan
[link] [comments]

B for Revolution

Posted: 21 Jun 2020 12:55 AM PDT

submitted by /u/Frank_Br
[link] [comments]

If you're skeptical of Bitcoin, don't change.

Posted: 21 Jun 2020 02:29 AM PDT

The point of Bitcoin is that you SHOULD be skeptical. You should NOT blindly trust anything, or anyone. Bitcoin was made for you, because it is designed and published in the open. From the whitepaper to the source code to the transactions being transmitted over the network. The design is not hidden. It is available for you to scrutinize to an incredible detail that's never been seen before in monetary history. It welcomes skeptics with open arms.

If anything, we need more skeptical eyes. They are what make Bitcoin stronger and stronger.

And furthermore, with the prevalence of scams and shitcoins, skepticism is all the more important.

If you're NOT skeptical, you should be very worried for your own sake. And if you're skeptical and ALSO uninterested in understanding Bitcoin, I am sorry to say that is also a blindness. Being skeptical of everything out of only intuition and not actually looking deeper into what actually CAN be trusted will lead you to a blind dead end - you will likely be left on the wrong side of history.

Some of the most aggressive and most brilliant attackers have constantly been trying to break Bitcoin for the last 10 years and failed. And there are incredibly skeptical scientists, economists, and mathematicians who unequivocally trust Bitcoin through understanding it.

We all understand, Bitcoin can be scary.

The first people to contemplate flying on an airplane (outside of the inventors) thought it was complete madness. Incredible risk. How can you trust the physics and science of flying? Is the physics of flight actually reliable? As a regular Joe not into aerospace science, how can it be trusted?

Well, early on only the physicists and scientists had confidence in the plan because they knew what they were doing (except when they made mistakes as humans do). Slowly but surely, more people saw that it was safe. And they also accepted flying. And now, flying in an airplane is pretty much a standard way to travel long distance.

Yes, trusting Bitcoin with your money is scary as hell and it should be. Your money is no joke, you need it to survive. And yes, if you don't know what you're doing, you can screw up with Bitcoin (e.g. losing your keys is like opening the emergency exit on the plane and walking out to your death). But we're getting better at protecting you every day, with tools and education.

And there's a distinct advantage in being in Bitcoin early. Not just in terms of "financial gain" but even just taking the time to understand it puts you ahead in case you really need it someday. You don't need to trust it, to understand it. Because someday, everyone may be using it (like the phone, the airplane, the internet) and you can either keep up or be left behind.

Join us, for magical internet money!

submitted by /u/anon517
[link] [comments]

My Bitcoin is being protected by this brave lion

Posted: 20 Jun 2020 10:23 PM PDT