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    Bitcoin Daily Discussion, August 07, 2020

    August 07, 2020

    Bitcoin Daily Discussion, August 07, 2020

    Daily Discussion, August 07, 2020

    Posted: 07 Aug 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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    Recently finished this artwork

    Posted: 06 Aug 2020 06:45 PM PDT

    Pulled the trigger, 1BTC

    Posted: 06 Aug 2020 07:14 AM PDT

    Joined the future millionaires club! Sold a few stocks that were dead in the water and broke even at and bought my way to 1BTC from .33 BTC. I feel good about the purchase. HODL to the moon!!

    submitted by /u/Tbonesteakumz
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    My DOG when bitcoin reaches its new ATH...

    Posted: 07 Aug 2020 01:46 AM PDT

    ‘It May Not Be Worth Owning Any Asset Other Than Bitcoin’ - Raoul Pal

    Posted: 06 Aug 2020 06:39 PM PDT

    Restaurant in AUS, want to accept bitcoin as payment

    Posted: 06 Aug 2020 07:17 PM PDT

    Hey,

    I own a restaurant in Australia. I'd like to start accepting bitcoin as payment over the counter.

    Easiest and best software to use?

    From a quick google, companies like BitPay are bad.

    If someone could please recommend a good, reliable, safe and secure method, that would be great.

    Thanks.

    EDIT: massive thanks to everyone's contribution!

    2ND EDIT: fuck all the bitcoin cash spam messages I've received, lol.

    submitted by /u/anonthanksforhelp
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    SEC has been rejecting Bitcoin ETFs for years while quietly exempting US-listed Chinese companies from auditing rules enabling fraud

    Posted: 06 Aug 2020 03:48 PM PDT

    Just tested the invoice out. Wow!! It’s surely lightning speed.

    Posted: 06 Aug 2020 09:27 PM PDT

    DHL just dropped off my first Ledger. Protecting my investment and hodling are my two biggest takeaways so far. Thanks for all of the tips over the past month everyone.

    Posted: 06 Aug 2020 10:36 AM PDT

    Lost Bitcoin: 3.7 million Bitcoin are probably gone forever

    Posted: 06 Aug 2020 08:27 AM PDT

    Goldman Sachs names new head of digital assets in bet that blockchain is the future of financial markets

    Posted: 06 Aug 2020 09:11 AM PDT

    Young investors have flooded into bitcoin during the pandemic, while the older generation can't get enough of gold, a team of JPMorgan analysts said

    Posted: 06 Aug 2020 05:13 PM PDT

    Peter Schiff and Anthony Pompliano HEATED Bitcoin Debate

    Posted: 06 Aug 2020 05:17 PM PDT

    A question to all degenerates from /r/wallstreetbets

    Posted: 06 Aug 2020 07:58 PM PDT

    Are you perving here on /r/Bitcoin for the possibility of asymmetric returns with a binary outcome ? Please share your stories.

    submitted by /u/TimesSquareMagician
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    Small Investors Enter Bitcoin As Whales Lose Market

    Posted: 07 Aug 2020 02:23 AM PDT

    [May 19, 2011] lifehacker: "And right now, the BitCoin is trading very high! As I write this, one BitCoin is worth $7.5. Not too shabby at all."

    Posted: 06 Aug 2020 11:05 AM PDT

    can someone EILI5 what "Eltoo" is

    Posted: 06 Aug 2020 08:37 PM PDT

    i get that its something you add on to the existing lightning network for added security. But its technical and confusing. Can anyone explain it like im 5, please.

    ​

    for those who havent heard of it

    https://blockstream.com/2018/04/30/en-eltoo-next-lightning/

    submitted by /u/atrueretard
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    Bitcoin Important, Other Assets Not Worth: Real Vision Founder

    Posted: 07 Aug 2020 01:33 AM PDT

    HELP - How to restore Mycelium wallet? Balance shows $0 (no bitcoin experience)

    Posted: 06 Aug 2020 09:07 PM PDT

    Hello bitcoin experts!! So, I have ZERO experience in bitcoin wallets and all this stuff, so please be patient with me.

    Context: in 2017 I bought whatever was worth 1k of bitcoin, I was recommended to download Mycelium as my wallet (that's a far as my experience goes with bitcoin).

    Fast forward 2020 I remembered I had this "money" or whatever in there, I downloaded the app again entered the key words (that I had written down back then) and was able to enter my wallet but it shows my balance is $0. (For what I read something happens when you delete the app and re install it with the keys or whatever)

    I'm under the impression that you can recover your bitcoin with your "private key", but I don't know how.

    • I have all the key words • I have written down a bunch of numbers and letters (totaling 32 characters) in the following format: 12ab-12ab..... (with hyphens) • I also have a bunch of numbers and letters written down (over 32 characters) and no dashes

    Are any of those random characters my private key? If so, where do I enter it in Mycelium? Should I enter also the hyphens? Is it where it says "cold storage"

    Or is my money gone forever?

    I'll appreciate any "bitcoin 101/for dummies help you can provide!!

    submitted by /u/vkr2020
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    Hong Kong’s wealthy move gold out of city on security law fears — (I bet they wouldn’t be so afraid if they had bitcoin)...

    Posted: 06 Aug 2020 10:24 PM PDT

    Americans are “pouring” cash, stimulus checks into Bitcoin and gold

    Posted: 06 Aug 2020 08:37 AM PDT

    OKCoin Exchange Awards Grant to One of Bitcoin Core's Most Active Developers -

    Posted: 07 Aug 2020 12:10 AM PDT

    Cash App's Bitcoin volume is up 150% since last quarter. Here's why this matters more than you think

    Posted: 06 Aug 2020 07:40 AM PDT

    The Unhashed Podcast: Shitty Hardware Wallets (w_@NVK)

    Posted: 06 Aug 2020 08:36 PM PDT

    Supply scarcity reminders for all.

    Posted: 06 Aug 2020 09:40 AM PDT

    Everyone knows that scarcity of bitcoin is increasing and that the last bitcoin will be mined in 2140. However, bitcoin is going to get much scarcer much sooner than 2140. Here are some rough estimates.

    1. Today ~88% of all bitcoin have been mined.
    2. 2022 ~90% of all bitcoin have been mined.
    3. 2025 ~95% of all bitcoin have been mined.
    4. 2030 ~98% of all bitcoin have been mined.
    5. 2034 ~99% of all bitcoin have been mined.

    From the year 2034 to 2140 (106 years), the remaining 1% of all bitcoin that will ever exist will be mined.

    Several decades from now, work will begin on mining the final coin. Mining that final 1 bitcoin will take many decades more.

    There will come a time when owning a whole bitcoin will be an almost mythical situation that is very rare.

    submitted by /u/freebit
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