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    Bitcoin Daily Discussion, July 05, 2020

    July 05, 2020

    Bitcoin Daily Discussion, July 05, 2020

    Daily Discussion, July 05, 2020

    Posted: 05 Jul 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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    "Want Liberty? Buy Bitcoin!" Airplane banner flown over the Jersey Shore on Independence Day, 2020

    Posted: 05 Jul 2020 02:55 AM PDT

    Not much... But it’s my first...

    Posted: 05 Jul 2020 02:53 AM PDT

    Happy 10th

    Posted: 04 Jul 2020 08:28 AM PDT

    When you buy your first 0.01 BTC

    Posted: 04 Jul 2020 05:37 PM PDT

    I wanna learn bitcoin

    Posted: 05 Jul 2020 03:26 AM PDT

    Stop making new excuses!

    Posted: 04 Jul 2020 07:43 PM PDT

    Kanye West Becomes THE FIRST potential United States presidential nominee to understand that #Bitcoin is money.

    Posted: 04 Jul 2020 07:54 PM PDT

    Cash out IRA, shift it into Bitcoin, pay it back by 2023

    Posted: 04 Jul 2020 06:25 PM PDT

    For USA folks, the CARES Act has allowed for penalty-free early withdrawals from retirement accounts to those affected by Covid-19, up to $100K, so long as the withdrawal is paid back within the next three years.

    I'm really tempted to take out most of my Roth IRA (5-figure amount) on Monday (while the market is still performing inexplicably well) and shift that cash into Bitcoin.

    Been a holder to some degree since early 2016, so I've seen many ups and downs and am aware of the risk involved, but this move would allow me to more than double my current exposure to Bitcoin.

    I feel like the odds of Bitcoin outperforming the securities in my IRA are pretty strong over the next three years. I'm finding it harder and harder to feel confident in my traditional investments these days.

    Talk me out of this foolish idea. (Or convince me to be reckless)

    submitted by /u/MiguelLancaster
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    They did away with satoshi on cashapp?

    Posted: 04 Jul 2020 11:00 PM PDT

    Does anyone know why this happened? I preferred buying satoshis rather than fractions of bitcoin at a time, and when I logged in recently I noticed that they completely did away with Satoshis.

    Anyone know why?

    submitted by /u/Notorieoussss
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    How much Do you'll invest on bitcoin

    Posted: 05 Jul 2020 12:01 AM PDT

    Kinda new to here and I'm just 18, Starting to get into the cryptocurrency world. Just want to know how much do you'll invest from your savings.

    submitted by /u/Lakshancosta
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    The Crypto Gathering - PlanB

    Posted: 04 Jul 2020 05:08 PM PDT

    About to receive my first payment (salary, kinda). I was planning to receive it as BTC.

    Posted: 05 Jul 2020 04:27 AM PDT

    I don't have a wallet yet, tho. I was reading up on bitcoin.org, and they suggested me the electrum wallet (for Linux). What are your thoughts on it? Also, it'd be great if you could link me to some of your favorite wallets and guides for starting up. I have done some research on my own as well, but I want to learn more about BTC.

    submitted by /u/aabhusanaryal
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    If all ants in the world had all the bitcoins then each ant would own roughly 2.1 satoshis.

    Posted: 04 Jul 2020 09:59 PM PDT

    Just to change your perspective

    submitted by /u/muchi21muchi21
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    Notable news and events in Bitcoin for Q2 of 2020

    Posted: 05 Jul 2020 03:46 AM PDT

    Proper disposal of an old hardware wallet

    Posted: 04 Jul 2020 08:48 PM PDT

    This morning I was about to create a new multisig and I fired up my old ledger nano s, the very first wallet I've ever had.

    I did not use that specific piece of hardware for quite some time since I now prefer other wallets; anyway, upon connecting that wallet it was apparent that it's on its last legs... Specifically the screen is barely visible (it still worked though).

    As a consequence, I decided that that was the last time I would use that piece of hardware and I will decommission it.

    This is what I was considering doing, feel free to add if you believe there is a better way of going about :

    1 - recover the real seed on another HW device 2 - erase the seed from the wallet by writing 3 times the wrong pin 3 - create a dummy seed on the ledger to be decommissioned, and dummy pin 4 - destroy the decommissioned wallet (yes, boating accident...)

    Bitcoin community, your feedback is appreciated.

    submitted by /u/roveridcoffee
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    Today I found a bitcoin I'd forgotten about...good day indeed back in the box it goes

    Posted: 04 Jul 2020 06:12 PM PDT

    The Crypto Gathering - Saifedean Ammous

    Posted: 04 Jul 2020 04:08 PM PDT

    Happy Independence day to all Americans! 244 years ago you vindicated your right to have your own country. Now, it's time to get the monetary independence back!

    Posted: 04 Jul 2020 11:24 AM PDT

    The OG whitepaper

    Posted: 04 Jul 2020 11:20 PM PDT

    Rally bitcoin for our cypherpunk brother, Free Assange

    Posted: 04 Jul 2020 03:33 PM PDT

    Legal tender and tax laws unfairly restrict Bitcoin’s use as a medium of exchange. Bitcoin can’t be seriously compared to USD until it receives equal treatment under the law. Any advocate for Liberty should understand this.

    Posted: 05 Jul 2020 04:34 AM PDT

    Bitcoin’s Monetary Policy Will Help to Solve Wealth Inequality in the World of the Future

    Posted: 04 Jul 2020 01:14 PM PDT

    Do you need a license, etc. if day trading on an exchange while living in Murica?

    Posted: 05 Jul 2020 04:08 AM PDT

    Please dont bash me for this post. Do you need a btc. license, as well as to follow safe trading practices, etc., if your just day trading of paxful or lbc? Say I bought $100 at 5%, then flipped it at %9, keeping the %4

    submitted by /u/djsmfnskcifk
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