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    Bitcoin Daily Discussion, July 07, 2020

    July 07, 2020

    Bitcoin Daily Discussion, July 07, 2020

    Daily Discussion, July 07, 2020

    Posted: 07 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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    Had to do it.

    Posted: 06 Jul 2020 06:18 PM PDT

    Grandpa, where were you the day bitcoin was under 10k USD? Well, I was there, kiddo, I was there. And I tell you what,

    Posted: 06 Jul 2020 01:59 PM PDT

    Arguably better.

    Posted: 06 Jul 2020 06:40 AM PDT

    The last time Bitcoin's 30-day volatility was this low, BTC rose over 26% in a week

    Posted: 06 Jul 2020 07:20 AM PDT

    Lol use Bitcoin

    Posted: 06 Jul 2020 10:28 PM PDT

    There are many people who have enquired about selling their e-books for bitcoin, here is a great resource that would help anyone looking to sell their e-book or any other digital product for bitcoin!

    Posted: 07 Jul 2020 02:29 AM PDT

    Sawgrass Outlet Mall (2nd largest mall in the world), South Florida

    Posted: 06 Jul 2020 03:27 PM PDT

    US money base has grown by over 1000% in 40 years = ~6.5%p.a. true inflation. We need Bitcoin!

    Posted: 06 Jul 2020 09:23 PM PDT

    NordVPN impersonation scam asking for your bitcoin

    Posted: 07 Jul 2020 01:02 AM PDT

    Bitcoin Wallet Privacy

    Posted: 07 Jul 2020 12:54 AM PDT

    As I ponder over the future of Bitcoin and mass adoption, I wonder if people will be comfortable participating in a currency where anybody can see how much of it you own and follow your transaction history (given the proper skillset). What are people's thoughts/solutions to this? Perhaps maybe a future service will somehow encrypt your transactions/hide your wallet from the public while still upholding the integrity of the network? I just don't know anyone that would want their financial standing/transaction history so public... All thoughts are welcome.

    submitted by /u/MrVelvet27
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    “It’s more typical of a precious metal”

    Posted: 06 Jul 2020 07:00 AM PDT

    Can someone tell me about Bitcoin addresses. I have one on Coinbase. Ledger want it so they can do Affiliate payouts. Still learning. What can people gather, learn, do with my Bitcoin Coinbase Receive Address?

    Posted: 07 Jul 2020 01:36 AM PDT

    It's a massive long chain of letters and numbers and also it's a QR code.

    Is this ONLY for receiving?

    Or can people scan my balance too with this? I am assuming money can never be taken from me with this of course.

    Thank you!

    submitted by /u/Reddit_of_Dan
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    Can you buy stuff online from bitcoin wallets or do they have to be from bitcoin exchanges?

    Posted: 06 Jul 2020 09:07 PM PDT

    Like I have $2,300 in an electrum wallet. I never had to give up my personal information to create the wallet. I am looking to buy a laptop on overstock.com which accepts bitcoin. How does that work? Can I just buy it straight from my wallet's balance or do I have to create like an actual bitcoin exchange with all my personal information in order to buy something?

    submitted by /u/Ocelot859
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    Bitcoin transaction fees peaked at $6.63 during halving, now flattish at $1 post-halving

    Posted: 06 Jul 2020 08:10 PM PDT

    What makes BTC better than every other coin?

    Posted: 06 Jul 2020 05:15 PM PDT

    I'm just curious. Don't all coins use the same technology ? (Blockchain ) So what makes BTC the best and will cause it to spike? Not bashing BTC as I'm an obvious hodler. I just want to understand better.

    submitted by /u/Purple1Rain
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    Don’t know who made this but I’m sharing it with you guys.

    Posted: 06 Jul 2020 06:42 AM PDT

    After Reaching 4 Million Users, Top Bitcoin Exchange Luno Enters Kenya and Ghana Next

    Posted: 06 Jul 2020 12:09 PM PDT

    Binance vs Gemini [US]

    Posted: 06 Jul 2020 08:17 PM PDT

    Hey all,

    I've closed my account with Coinbase because, well, they suck. I made a Kraken account but found that their ACH partner Etana Custody is extremely invasive with personal information. Now I've narrowed down to Binance and Gemini for where I will buy crypto from. How do these compare to each other?

    My main concerns are privacy--I'm fine giving my state ID and everything, but some of the privacy agreements look real sketchy these days, saying things like "...and any other means of tracking, potentially using 3rd party services" (obviously not verbatim lol, but vague statements like that which leave a lot of room for data collection).

    I don't mind waiting a few days to be able to purchase and send coin after an ACH deposit.. but I'd like it faster than the entire week that Coinbase makes you wait.

    How do you all weigh these pros and cons when deciding where to buy/trade? Any thoughts on how Gemini and Binance compare for US residents?

    Edit:

    If anyone uses these markets, how much of a hassle was it to successfully on-ramp fiat with ACH? Extra verifications/applications/etc. ?

    submitted by /u/nut__sackington
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    Scammed out of 1 BTC on localbitcoins.

    Posted: 06 Jul 2020 10:55 AM PDT

    I'm not looking for people to tell me I'm stupid or tell me I made a mistake. I already acknowledge that I didn't do it correctly.

    Here's the deal. I wanted to pay down some debt and so I wanted to cash out 1 BTC to do so. I went on Localbitcoins (never used the site before but heard about it many times) to find someone to take my 1 BTC and deposit the equivalent into my bank account. I found a user jlvm2204 on there who was willing to send money to my bank. When I was on his account I noticed he had a text number. So instead of starting the "sale" I decided to hit him up via Text first to make sure he was available and could do the transaction before I went any further and wasted my time. He replied to the text and said he was available. (remember I don't really understand how LBC works at this point) So he asked me what bank I had (I have the full text conversation I can send to someone if interested) and I told him. He also asked me for my account number which I gave him as well. He then said I can send you my wallet via text and we can just do it here, I have high ratings on LBC and tons of feedback, etc. I did notice he had 100% feedback rating. Part of me was like doing it over text is risky but then he had good feedback. So I then decided after contemplating a while to just go for it. That was when I knew it was a bad thing to do when I hit that send button, I had a bad feeling but there was no backing out.

    So of course as you already know the end of the story I never heard from him again and never got money deposited in my bank account.

    However because I told a friend who's used LBC many times about it he texted the same person and pretended he wanted to send money as well. They had a similar text convo but he decided to ask him to do a video chat with the guy and he said he would over Whatsapp. My friend was able to snap some photos of him via the video chat. We also have not only the SMS number we were using but also whatsapp number on top of that he posted another whatsapp number on his LBC account since I complained to LBC and they temp suspended his account. I'm pretty sure he's in Columbia.

    I have also filed a report with the FBI, but does anyone know if theres any way to find this guy and will the country of Columbia government work with me/FBI to get him? We have a total of 3 phone numbers for him, and his obvious logins on LBC, along with a picture of him, etc.

    Just looking for some advice. And yes I know I made a mistake. I don't need to hear how dumb I am. I already realize that. Helpful advice is what I'm looking for.

    Thanks

    submitted by /u/mdntblu
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    A History of Bitcoin & Cannabis in Canada and a Guide To Getting Started With Bitcoin

    Posted: 06 Jul 2020 10:22 PM PDT

    Is it a good time to invest in Bitcoin?

    Posted: 06 Jul 2020 06:57 PM PDT

    Hey guys! I've been saving some money the past few years. Currently living with parents so there is no financial stresses.

    I got around $2000 I can invest and I'm wondering if Bitcoin is worth the investment or should I go with other coins?

    I'll probably buy using Coinbase, if that matters. BTW, I purchase in CAD, is that bad based on exchange rates n' what not?

    submitted by /u/PTakhar
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    Bitcoin social trends just changed dramatically today. Individual social contributors posting Bitcoin-related content have hit 93,124, marking the highest point since the Bitcoin halving on May 11.

    Posted: 06 Jul 2020 03:10 PM PDT

    China Imposes Checks on "Large" Transactions After Bank Runs

    Posted: 06 Jul 2020 09:12 AM PDT

    Dawn of a new day

    Posted: 06 Jul 2020 07:48 AM PDT
    Read more
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