Bitcoin Daily Discussion, August 05, 2020 |
- Daily Discussion, August 05, 2020
- Different way to store recovery seed on to stainless steel in a way that's accessible, inexpensive, physically robust, and inconspicuous
- Putin signs law legalizing Bitcoin & other cryptocurrencies, lifting them out of Russian legal 'grey-zone'
- Square says Cash App generated $875 million in bitcoin revenue during Q2, posting $17 million in gross profit - The Block
- Ledger Isolation vulnerability is much more dangerous than people might think
- 5 years ago, I sold Bitcoin to pay rent I was behind on. Today, I learned that if I held, I could be $70,000 richer. Dang lol
- Jim Rickards says printing $5 trillion will not cause inflation - senile or just another liar?
- Barstool Sports Founder David Portnoy Wants to "Buy All The Bitcoins"
- Older Investors Go for Gold, Younger Ones Bitcoin, JPMorgan Says
- The Human Rights Foundation is donating 1 BTC each to three developers focused on increasing Bitcoin’s usability.
- Dave Portnoy's Rant About Bitcoin! [The Winklevoss Twins Agreed To Help Him With This]
- First Mover: As Fed Nears Inflation Rubicon, Analysts See $50K Bitcoin in Play The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin.
- Ledger App Isolation Bypass
- Uncle Passed ~4 years ago and just found out he was big into bitcoin/mining
- Why are people so confident bitcoin will reach 100,000$?
- Any news on Taproot, Graftroot and Schnorr signatures ?
- I'm losing my head
- The Fed is expected to make a major commitment to ramping up inflation soon
- Barstool Sports president Dave Portnoy: 'I want to buy all the Bitcoins' - Decrypt
- Here on My Country, we are close to the all-time high
- ⚡️It's LiT! Announcing Lightning Terminal: Your Home for Lightning Liquidity ⚡️
- Putin signs law legalizing Bitcoin & other cryptocurrencies, lifting them out of Russian legal 'grey-zone'
- Ledger response to BTC derivatives exploit.
- Platform Trade Bitcoin Privately
| Daily Discussion, August 05, 2020 Posted: 05 Aug 2020 12:01 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. [link] [comments]  | ||
| Posted: 04 Aug 2020 07:11 PM PDT
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| Posted: 04 Aug 2020 08:31 AM PDT Digital financial assets, including cryptocurrencies, will be permitted to сirculate legally in Russia soon, but if you're planning to go shopping with bitcoin, or other variants, forget it. They won't be legal tender. https://www.rt.com/russia/496959-russia-legalizes-cryptocurrencies/ [link] [comments]  | ||
| Posted: 04 Aug 2020 05:16 PM PDT
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| Ledger Isolation vulnerability is much more dangerous than people might think Posted: 04 Aug 2020 11:10 PM PDT The recently revealed vulnerability in Ledger is much worse than people might think. At least I could see on Ledger and Bitcoin subs, that people think, they are safe if they do not download some malware on their pc/laptop. But this is wrong. The issue can be exploited also when you use only standard applications on your Ledger which are affected (BTC and its derivates) The attack vector here is, if some tricks you to interface with the malicious web wallet with your Ledger. (so no you do not need to install anything to lose your coins) As an example:
There are many scenarios like this. You are affected anytime you interact with your Ledger and any web service. (not only if you use fake sw wallets) I explicitly asked about it and this attack vector was confirmed by Ledger. Stay safe. [link] [comments]  | ||
| Posted: 04 Aug 2020 10:28 AM PDT
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| Jim Rickards says printing $5 trillion will not cause inflation - senile or just another liar? Posted: 04 Aug 2020 07:36 PM PDT
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| Barstool Sports Founder David Portnoy Wants to "Buy All The Bitcoins" Posted: 04 Aug 2020 12:52 PM PDT
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| Older Investors Go for Gold, Younger Ones Bitcoin, JPMorgan Says Posted: 05 Aug 2020 03:09 AM PDT
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| Posted: 04 Aug 2020 09:50 AM PDT | ||
| Dave Portnoy's Rant About Bitcoin! [The Winklevoss Twins Agreed To Help Him With This] Posted: 04 Aug 2020 03:55 PM PDT
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| Posted: 04 Aug 2020 10:34 PM PDT The shift signals an explicit willingness by the central bank to tolerate higher inflation, at a time when the spreading coronavirus continues to ravage the economy. The U.S. unemployment rate stands at 11%, a level not witnessed since the early 1940s until this year. Source: https://www.coindesk.com/first-mover-as-fed-nears-inflation-rubicon-analysts-see-50k-bitcoin-in-play [link] [comments]  | ||
| Posted: 04 Aug 2020 06:19 AM PDT
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| Uncle Passed ~4 years ago and just found out he was big into bitcoin/mining Posted: 04 Aug 2020 07:34 AM PDT I've tried googling to figure this out but I'm not tech savvy enough to understand/grasp it, so not sure if this is even possible, here is my situation: My uncle passed in 2016 after a very short battle with an aggressive brain cancer/tumor etc. The last year of his life was plagued with memory issues but he did talk a bit about bitcoin/mining etc, however in my head he was doing some type of folding at home to help cure diseases etc. Two weeks ago my aunt sold her house and began the moving process, upon showing up to help and clear out her basement I came across a varitable treasure trove of old PC parts. I'd say its hoarding, however it is all in immaculate shape and stored. Along with notebooks and some other information, we found the following: 6 desktop computers with large cases and lots of extra hardware inside, after talking to a friend they believe these may all be mining rigs. In the basement we uncovered 6 boxes of HDDs and graphics cards, however all of the HDD's seem to be 2-4TB and may or may not be dead drives? I purchased an external HDD reader to see if there was any family pictures etc, on there. It's mostly family pictures and videos he'd saved or converted, however because of the news around bitcoin, and the amount of hardware, I wonder if there is a wallet / bitcoin whatever floating around somewhere in one of these drives. Is there an easy way to locate if there is anything of value here? Sorry for length, wanted to include as much as possible for best results. Can answer any other info. ATM we have: 6 PCs with a ton of stuff crammed in them, stacks of HDDs, stacks of graphics cards and a buncha notebooks littered with numbers that are confusing. I don't think these #'s etc are bitchain/codes, but have now way to verify. [link] [comments]  | ||
| Why are people so confident bitcoin will reach 100,000$? Posted: 04 Aug 2020 10:06 AM PDT | ||
| Any news on Taproot, Graftroot and Schnorr signatures ? Posted: 05 Aug 2020 02:14 AM PDT Hi, I was following these BIPs quite closely in 2019 but I haven't heard of them ever since, is there any news on their implementation ? [link] [comments]  | ||
| Posted: 04 Aug 2020 04:53 PM PDT Recently I decided to make my Bitcoin more secure. Then very quickly I noticed that letting my ledger hardware wallet create my seed might not be secure. So I decided to run an open source tool on my raspberry pi and use dice as entropy input. But then I need to trust the tool do with my entropy input as it is supposed to. I don't have knowledge to understand what the tool is doing so I can't verify. Which ultimately leads me to not being able to fully trust any software and therefore I can't create a seed that I feel good about and that lets me be sure that it has been created in a way that is secure and how it's meant to be. I don't know how to end this cycle. [link] [comments]  | ||
| The Fed is expected to make a major commitment to ramping up inflation soon Posted: 04 Aug 2020 01:56 PM PDT
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| Barstool Sports president Dave Portnoy: 'I want to buy all the Bitcoins' - Decrypt Posted: 04 Aug 2020 10:04 PM PDT
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| Here on My Country, we are close to the all-time high Posted: 04 Aug 2020 07:05 AM PDT YES! You read it right. Based on our Fiat currency, the Brazilian Real, the Price of Bitcoin is almost reaching the ATH. Right now, the price of 1 BTC is R$59,378, the ATH we reached is R$64,777 It's less the $1000 to us to reach, this means that if People HODL bitcoin back in the time they are almost getting the same price. Of course, Fiat inflation is not good, and this show how BTC can be a store of value. Source: https://www.coingecko.com/en/coins/bitcoin Chose BRL as Currency and see the stats. [link] [comments]  | ||
| ⚡️It's LiT! Announcing Lightning Terminal: Your Home for Lightning Liquidity ⚡️ Posted: 04 Aug 2020 09:13 AM PDT
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| Posted: 04 Aug 2020 11:31 AM PDT
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| Ledger response to BTC derivatives exploit. Posted: 04 Aug 2020 09:01 AM PDT TL;DR: They acknowledged the risk but chose not to fix it for usability. It's worth mentioning that this was reported since Dec,2019, but they chose to ignore it. It turned out they ignored it because they don't want to fix it to keep them coins supported. They chose usability OVER Security. Fuck usability, I won't be using shit when I'm robbed. [link] [comments]  | ||
| Platform Trade Bitcoin Privately Posted: 05 Aug 2020 02:17 AM PDT
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![Dave Portnoy's Rant About Bitcoin! [The Winklevoss Twins Agreed To Help Him With This]](https://b.thumbs.redditmedia.com/np02oF7VPlLYkR90xVjejP5k-0izKYxzytHfx21vCvI.jpg "Dave Portnoy's Rant About Bitcoin! [The Winklevoss Twins Agreed To Help Him With This]")
![[link]](https://i.imgur.com/SlnyWKV.png){kind=link}
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