• Breaking News

    Sunday, July 26, 2020

    Home Unlabelled Bitcoin Daily Discussion, July 26, 2020

    Bitcoin Daily Discussion, July 26, 2020

    July 26, 2020

    Bitcoin Daily Discussion, July 26, 2020

    Daily Discussion, July 26, 2020

    Posted: 26 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
    [link] [comments]

    So it begins....

    Posted: 26 Jul 2020 03:06 AM PDT

    Bitcoin is your Saviour

    Posted: 26 Jul 2020 02:52 AM PDT

    Start with 8 end with 9....

    Posted: 25 Jul 2020 05:14 PM PDT

    Finally got a Bitcoin wallet. Am I doing this right? ��

    Posted: 25 Jul 2020 07:54 AM PDT

    My mother just threw away hardware wallet with 1 BTC

    Posted: 25 Jul 2020 10:25 AM PDT

    My mother has adopted some of my interest in Bitcoin and recently decided to put in a good chunk of her life long savings in it. A month ago I purchased a hardware wallet for her and helped her transfer close to 1BTC. Today she found out she had accidentally thrown it away. Luckily, I kept the private keys in safe storage for her.

    Looks like some of these lessons can't be repeated enough. BTC teaches personal responsibility. Keep your coins safe people.

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

    It's time

    Posted: 26 Jul 2020 12:09 AM PDT

    Let's cross that 10K bridge for good !

    submitted by /u/L7dm
    [link] [comments]

    Over the hill we go...

    Posted: 26 Jul 2020 04:00 AM PDT

    side effect of printing money is the only way out is to print more money

    Posted: 25 Jul 2020 08:35 PM PDT

    Had a look at the current price level and this was kind of satisfying, 420.

    Posted: 26 Jul 2020 04:00 AM PDT

    Coinbase still up?

    Posted: 26 Jul 2020 03:44 AM PDT

    Just saying...

    submitted by /u/Mark0Sky
    [link] [comments]

    If you use Coinbase, please save on fees by using Coinbase Pro. At $9600 a coin, a $20 purchase today makes your cost basis more than ~$10,400.

    Posted: 25 Jul 2020 10:31 AM PDT

    I have a feeling this won't be received well because it's ultimately just basic math... but it's important to keep in mind when you're buying Bitcoin. Fees can increase your cost basis substantially.

    $20 (purchase) - $1.49 (cb fee) = $18.51

    $18.51 / $9631 = 0.00192191

    $20 / 0.00192191 = $10,406

    Because of the fee, you're essentially buying bitcoin at a price of $10,406. The Bitcoin price will need to be $10,406 for you to break even on your purchase.

    ​

    ===The same purchase on Coinbase Pro ===

    $20 (purchase) - $0.10 (cb pro fee) = $19.90

    $19.90 / $9631 = 0.00206624

    $20 / 0.00206624 = $9,679

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

    Was going to create a marketing campaign to say we accept Bitcoin now, but we love the art so much that we're making it into a print.

    Posted: 25 Jul 2020 01:47 PM PDT

    Under the law of Washington D.C., Bitcoin is a form of money

    Posted: 26 Jul 2020 02:40 AM PDT

    Squeeze it again against the 55EMA. I love you bitcoin, you'll always be number 1 in my book.

    Posted: 25 Jul 2020 10:16 PM PDT

    My son and I finally obtained a fraction more bitcoin than Elon Musk, and I couldn't be happier for my toddler's future.

    Posted: 25 Jul 2020 03:08 PM PDT

    T..T..To the moon?..

    Posted: 26 Jul 2020 04:11 AM PDT

    Is it time? 😱 I feel like it's about to plummet right now. I dont think the $10,000 has enough support. Back to $9,700 maybe?

    I wouldn't hop on the rocket yet, but MAYBE

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

    Check if you have a bitcoin address that is likely known to surveillance - Have I Been Known?

    Posted: 26 Jul 2020 12:04 AM PDT

    Potestors in Portland, Oregon

    Posted: 25 Jul 2020 10:57 PM PDT

    HELP: Website where you can buy ANYTHING with bitcoin (just insert link)?

    Posted: 26 Jul 2020 02:25 AM PDT

    Hey,

    I am sure I've seen this type of website before. Where you just submit a link to any shopping website, along with your address details => a human will connect with you via chat => give you payment details for cryptocurrency/bitcoin and they will do the card payment thats required.

    Please help me out here. Googled but cannot find it. Thanks in advance!

    ​

    Edit: Was a bit unclear. I am not looking for a website that offers every type of product like overstock.com, purse.io etc.

    "Buy anything" as in you could submit any link, to any shopping website, and pay with crypto to a "personal shopper" that handles the card transaction for you.

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

    I just bought bitcoin....

    Posted: 25 Jul 2020 08:32 PM PDT

    ...using Rakuten points!! This isn't an ad for those guys (that is why I say the name in this comment box rather than the headline.) I love the idea of using corporate loyalty points to buy a free and exchangeable asset like bitcoin. I had to tell someone!

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

    The danger when a majority of users is relying on SPV wallets (by belcher_)

    Posted: 25 Jul 2020 04:35 PM PDT

    This is a repost of a post by u/belcher_ on the bitcoin-dev mailinglist (source). I think it is a good description of why relying on SPV wallets (or someone else's node) can be dangerous for bitcoin from a "macro perspective. For clarification: SPV means "Simplified Payment Verification". In very simple words, it's a wallet that doesn't verify everything on the network (as opposed to what a full node does), and can be fooled in certain attack scenarios, as described below, f.ex.

    For example, consider if bitcoin had 10000 users. 10 of them use a full node wallet while the other 9990 use an SPV wallet. If a miner attacked the system by printing infinite bitcoins and spending coins without a valid signature, then the 9990 SPV wallets would accept those fake coins as payment, and trade the coins amongst themselves. After a time those coins would likely be the ancestors of most active coins in the 9990-SPV-wallet ecosystem. Bitcoin would split into two currencies: full-node-coin and SPV-coin.

    Now the fraud miners may become well known, perhaps being published on bitcoin news portals, but the 9990-SPV-wallet ecosystem has a strong incentive to be against any rollback. Their recent transactions would disappear and they'd lose money. They would argue that they've already been using the coin for a while, and it works perfectly fine, and anyway a coin that can be spent in 9990 places is more useful than one that can be spent in just 10 places. The SPV-wallet community might even decide to use something like invalidateblock to make sure their SPV-coin doesn't get reorg'd out of existence. There'd also likely be a social attack, with every bitcoin community portal being flooded with bots and shills advocating the merits of SPV-coin. This is not a hypothetical because we already saw the same thing during the scalability conflict 2015-2017.

    Before you know it, "Bitcoin" would become SPV-coin with inflation and arbitrary seizure. Any normal user could download software called "Bitcoin wallet" which they trust and have used before, but instead of using Bitcoin they'd be using SPV-coin. You may be one of the 10 wallets backed by a full node, but that won't do much good to you when 9990 users happily use another coin as their medium of exchange.

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

    Bitcoin Magazine: The Van Wirdum Sjorsnado - Breaking Down Taproot Activation Options - NADO 3

    Posted: 25 Jul 2020 08:27 PM PDT

    Only in a totalitarian dictatorship would a government prevent currency competition.

    Posted: 25 Jul 2020 05:04 PM PDT

    Freedom to choose between competing currencies is a basic human right. It is the mechanism we use as free human beings to stop money being corrupted.

    We had this freedom for thousands of years when the world cumulatively settled on gold as its free market choice for storing wealth.

    Somewhere along the lines we were decieved into accepting and storing wealth in un-backed fiat instead. The damage this has done is immeasurable, slow insidious inflation is a cancer that slowly kills its host leaving an entire society wondering why their salaries are only 2% that of other countries, hyperinflation is a bullet to the head.

    Freedom of choice, freedom of commerce, freedom of interaction and freedom to choose how we save and spend our own economic value are all basic human rights, just as important as freedom of speech.

    "Power corrupts, and absolute power corrupts absolutely". Monetary corruption under a fiat system is inevitable, in fact Quantitative Easing is the literal manifestation of monetary corruption.

    Bitcoin is simply better money, it will expose which countries are disguised totalitarian dictatorships and which countries are truly free.

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

    I have joke about Craig Wright. I remember reading it...

    Posted: 26 Jul 2020 03:48 AM PDT

    when I wrote it.

    submitted by /u/typtyphus
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment