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    Bitcoin Daily Discussion, July 23, 2020

    July 23, 2020

    Bitcoin Daily Discussion, July 23, 2020

    Daily Discussion, July 23, 2020

    Posted: 23 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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    Accidentally sent a transaction today with a 15 satoshi per byte tx fee FML

    Posted: 22 Jul 2020 09:44 PM PDT

    BREAKING: U.S Banks Can Offer Bitcoin Custody Services Says OCC

    Posted: 22 Jul 2020 10:49 AM PDT

    Posted at CVS... the wheels of progress

    Posted: 22 Jul 2020 07:08 AM PDT

    Just learned about Bitcoin from 4chan newsletter (newgenesis.io)! Just bought my first $100!!! Anybody else buy Bitcoin as a hedge to societal collapse? S*** been getting weird in 2020. Catching myself having wet dreams about going off the grid and getting an AR lol

    Posted: 22 Jul 2020 02:59 PM PDT

    Choice, not fate

    Posted: 22 Jul 2020 07:08 PM PDT

    US Banks be looking at Bitcoin

    Posted: 22 Jul 2020 10:43 AM PDT

    VOLATILITY IS BACK

    Posted: 22 Jul 2020 03:46 PM PDT

    Reuters: "U.S. banks given regulatory green light to safekeep cryptocurrencies". (This is Huuuuge!)

    Posted: 22 Jul 2020 11:33 AM PDT

    Banks can now hold bitcoin: Behind the OCC's big decision and why it matters

    Posted: 22 Jul 2020 08:12 PM PDT

    I’m investing in my sisters future

    Posted: 22 Jul 2020 05:19 PM PDT

    I have 2 sisters and decided last week I was going to order a hardware wallet and slowly add bitcoin to it overtime. I'm already at $165. I'm planning on getting a second for my other sister in the next few months.

    My plan is to let them know/give them the present once they graduate in 1-2 years. I'm going to give them the option of taking the wallet and not taking any out until it teachers 1btc atleast or I will give them the cash equivalent of what's saved at the time, probably 1k each.

    Just thought this was a great idea I would share. My plan is to teach them about BTC while investing in their futures.

    I'm 23 if that helps so they're both 20 or under and not familiar with crypto or investing in general

    submitted by /u/TheMycTrader
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    Tether is working on moving to Lightning Network by end of 2020

    Posted: 22 Jul 2020 08:54 AM PDT

    In Berlin

    Posted: 22 Jul 2020 06:33 AM PDT

    An old man getting excited about the future of money.

    Posted: 22 Jul 2020 05:06 AM PDT

    Evening all.

    Thankyou to my son for introducing me to 2 great things this passed week - Bitcoin and Reddit!

    This is my first post here after looking around for a few days. I'm not so sure this is the correct thing to do but...Hello world.

    Very depressing times we're living through. This is truly unprecedented for any of the generations and my heart goes out to every single one of you that is suffering.

    Yet through all the destruction and madness, there is a glimmer of hope and unity.

    "From the ashes, a fire shall be woken, A light from the shadows shall spring"

    I'm now 68 and it's been incredible to witness necessity usher in the birth of this digital age of currency. Something I could not have fathomed even 10 years ago.

    I thought Bitcoin was a scam when I first heard of it and saw resemblances to the 1630s Dutch Tulip craze and here we are, 10 years on.

    After finally educating myself on how this works and what it means, i'm incredibly excited to see where this will take us and I hope to be alive long enough to enjoy the ride.

    I'm by no means rich and chasing a quick buck but I am longing for a change, one that brings equality for all future generations. Here's to the future and to my support, all .01BTC of it.

    Good luck to each one of you and love to all.

    submitted by /u/TheDadFatherNZ
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    We turned our instagram into a bitcoin art gallery. Shall we continue?

    Posted: 22 Jul 2020 06:40 AM PDT

    Two users, one phone: Is a wallet app still safe when using Android Multiple User?

    Posted: 23 Jul 2020 12:52 AM PDT

    Was asked a question and I didn't know the answer, so am asking it here.

    Android has had, for a number of years, the ability to add additional users.

    Settings --> Users & accounts --> Users --> Add user or profile

    Does having another user expose any wallet data (e.g., seed phrase) that would lessen the security of the wallet app (for the primary user)? And, can the second (or any subsequent) user use a wallet app without exposing wallet data to the primary user (which has "admin")?

    The question came up in a discussion about smartphone adoption among the poor (e.g., developing world). In these areas, each family member might have their own feature phone, but for smartphone apps, the family might share a single smartphone. So the question that came up in that discussion is if Android multiple user configuration would be a safe way to enable multiple people to each have a wallet on a mobile device and their wallet be secure from the other user(s).

    Of course, this wouldn't be for the life's savings / cold storage, but for a spending wallet.

    submitted by /u/cointastical
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    Bitcoin Awareness Chad & Pokémon Go Virgin PT 2

    Posted: 23 Jul 2020 02:16 AM PDT

    US Banks Can Now Hold Crypto - Has to be good news for us hodl'ers, right?

    Posted: 22 Jul 2020 03:33 PM PDT

    This article about the "Cobra Effect" makes me think Bitcoin really may save some of us.

    Posted: 22 Jul 2020 12:04 PM PDT

    Leading US banking regulator reports that national banks may provide custody services for cryptos

    Posted: 22 Jul 2020 12:12 PM PDT

    1,095,977,902,957 Bolivares (Bs., Venezuelan currency) were traded last week for BTC in Venezuelan using only LocalBitcoin, ATH in Bs.. That is 518 BTC (up from 493). One BTC is 2,435,000,000 Bs. Monthly minimum wage is around 4 USD

    Posted: 22 Jul 2020 02:24 PM PDT

    Steady around 500 BTC weekly for 2,000 BTC monthly.

    This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares.

    Here are more stats https://www.usefultulips.org/combined_VES_Page.html

    I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

    https://www.caracaschronicles.com/

    Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily.

    https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

    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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    Just got this. Loving it as decoration for my work desk

    Posted: 22 Jul 2020 01:51 PM PDT

    Nasdaq in gold looks like bitcoin chart...

    Posted: 22 Jul 2020 01:11 PM PDT
    Read more
    at

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