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    Bitcoin Daily Discussion, July 19, 2020

    Bitcoin Daily Discussion, July 19, 2020


    Daily Discussion, July 19, 2020

    Posted: 19 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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    looks like peter griffin knows what the best savings technology is!

    Posted: 18 Jul 2020 07:28 PM PDT

    Me waking up in the morning to check on bitcoin's price

    Posted: 18 Jul 2020 07:31 PM PDT

    Is it Question of past now ?

    Posted: 18 Jul 2020 08:01 PM PDT

    Criminals

    Posted: 18 Jul 2020 10:14 AM PDT

    The first Bitcoin sent from Space to a Canadian Astronaut via Block Stream Satellite.

    Posted: 18 Jul 2020 05:45 AM PDT

    Bitcoin Cultist Clothing Brand - Spreading the mind virus in style!

    Posted: 18 Jul 2020 10:13 PM PDT

    Taxation is theft, buy bitcoin!

    Posted: 19 Jul 2020 02:00 AM PDT

    CNBC anchor shocked by Guest saying “who cares” about billionaires losing money if companies go under is something to behold. (X-post r/videos)

    Posted: 18 Jul 2020 05:11 AM PDT

    Twitter Hacker Is a BitMEX Trader, On-Chain Data Suggests

    Posted: 18 Jul 2020 07:15 PM PDT

    Why Bitcoin is important for humanitarian rights with Alex Gladstein

    Posted: 18 Jul 2020 06:57 AM PDT

    "CryptoCash" squashed by SRS and banks in Latvia.

    Posted: 19 Jul 2020 01:46 AM PDT

    Are Bitcoin miners still profitable?

    Posted: 18 Jul 2020 09:29 PM PDT

    Hey all, hope you guys are doing well in these unprecedented times .

    I was just wondering about branching out and forming different streams of passive income & was wondering if BTC miners were still profitable ? Since the last recent halving the difficulty for mining increased so I don't know if it's still worth mining BTC?

    My argument is that even if it's just a few dollars a day that I'm in profit I would be fine with that because the small profits add up overtime & I could potentially stumble upon a block reward and get 12.5 BTC? What do you guys think? Is there any harm in mining BTC right now? Is it a waste of time for small miners like me who can't afford a huge rig? Please let me know & thank you for reading this.

    submitted by /u/RuleJust7769
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    How A Message Was Sent To The Twitter Hacker via Bitcoin Addresses

    Posted: 18 Jul 2020 11:21 PM PDT

    Any book recon recommendations to get a better understanding of how all of this works?

    Posted: 18 Jul 2020 06:03 PM PDT

    Currently reading Nathaniel Popper's book about the history of bitcoins, which is very good and explains well. I'm more interested in the technical side of things. I'm new to this, so keep that in mind.

    Plenty of great articles. You can recommend some of those too, but I love getting lost in books, and a book would be better for me, as opposed to a hundred different articles.

    submitted by /u/LetterFromEgypt
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    How to understand people that don't understand bitcoin.

    Posted: 18 Jul 2020 11:16 AM PDT

    Every new significant technology is "paradigm shifting".

    The term paradigm shift means "a fundamental change in approach, or change in underlying assumptions".

    In other words, to understand any new technology whether that is human flight, electricity, the internet or bitcoin you first need to change your underlying assumptions and change your approach. Trying to understand a new technology while maintaining legacy assumptions and legacy approaches will leave you unable to comprehend the feasibility of the new modus operandi.

    To understand human flight you first needed to accept that air could hold the weight of a human, and let go of the false assumption that humans were too heavy to ever be able to sustain travel through the sky.

    To understand electricity you first needed to accept that lightning could be contained in copper wiring, and let go of the false assumption that electricity could not be controlled and manipulated without electrocution.

    To understand email you first needed to accept that information could be transmitted between computers digitally, and let go of the false assumption that information flows needed telephone lines and pieces of physical paper (mail/fax).

    In the same respect, to understand bitcoin you need to change your paradigm. It is impossible to understand bitcoin without changing your approach to money or changing your underlying assumptions of what you think money is or what you think money has to be.

    To understand bitcoin you first need to accept that money can be digital, money can be decentralised and money can be intangible, and let go of the false assumptions that money needs physical form, money needs to be backed by government or backed by gold and money needs to be tangible.

    Money can be anything we collectively choose it to be, money can be purely digital, money can be decentralised and money can be intangible, so long as it holds utility and scarcity.

    The ability to send any amount of a scarce asset anywhere on earth instantly for free without intermediaries holds immense utility.

    So, in order to understand people that don't understand bitcoin, just know it is because they are slow to let go of their false underlying assumptions of what they think money is or what they think money has to be.

    submitted by /u/slvbtc
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    Poster in brighton pub!

    Posted: 18 Jul 2020 07:31 AM PDT

    WTF is coinbase smoking cause I want some

    Posted: 18 Jul 2020 11:59 PM PDT

    Bitcoin and the coming infrastructure inversion - Andreas Antonopoulos

    Posted: 18 Jul 2020 10:30 AM PDT

    EMERGENCY QUESTION

    Posted: 19 Jul 2020 03:17 AM PDT

    I lost my pin on mycelium. Also the backup. Once I have the phone rooted how can I view the pin? Any technical advice would be highly appreciated and obviously i will give some btc to any tech-savy person who sees this as an easy challenge to help me with.

    submitted by /u/justamadsoul
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    [Forbes] A Top Pentagon Investigative Unit Wants To Spy On Worldwide Bitcoin And Crypto Transactions

    Posted: 18 Jul 2020 05:27 PM PDT

    Twitter Hack Was’ Net Positive’ for Bitcoin – CZ

    Posted: 19 Jul 2020 02:59 AM PDT

    Which one of you did this lol? Theres also a DogeCoin Capital nearby on NMS.

    Posted: 18 Jul 2020 02:55 PM PDT

    Banks are complicated to hide the truth. Bitcoin is simple to show the truth.

    Posted: 18 Jul 2020 12:48 PM PDT

    'It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. ' -Henry Ford

    submitted by /u/bitcoin_ft
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