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    Bitcoin Daily Discussion, August 23, 2020

    August 23, 2020

    Bitcoin Daily Discussion, August 23, 2020

    Daily Discussion, August 23, 2020

    Posted: 23 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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    You know it's true. Bitcoin vs. Your Government.

    Posted: 22 Aug 2020 11:22 PM PDT

    What is this? A bank for ants?!

    Posted: 22 Aug 2020 08:54 AM PDT

    Today I received my salary in Bitcoin for the first time

    Posted: 22 Aug 2020 10:04 AM PDT

    Yes it happened, finally.

    This is what freedom feels like. For me is not about speed or scale, or even cheap fees.

    It's about freedom.

    For around 6 years I've been working remotely from my third world country for companies abroad, receiving my salary in USD. Regulations in my country still have not catch up yet, so my funds are frozen by my bank from time to time.

    They ask me for an official contract to validate my income, but what I show them does not meet their expectations. "Virtual contract? What is even that?". They want something signed by pen. All this damn hassle just to receive and use my hard-earned money as I see fit.

    But today, I'm free.

    Bitcoin is the true breaker of chains, and the only way forward.

    submitted by /u/phasnox
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    I've been reading a lot about Bitcoin and Crypto in general, I can't see a world where Bitcoin doesn't surpass a million.

    Posted: 22 Aug 2020 09:30 PM PDT

    I am some random redditor, remember. This is my opinion.

    But with a 21,000,000 max supply I cannot comprehend how Bitcoin will possibly not absolutely sky rocket. If only 0.25% of the world's population wanted to buy 1 BTC, that would completely cover the entire supply of Bitcoin.

    With the technology of the block chain and the exponential rise of technology, I cannot possibly fathom how Bitcoin could not continue to climb in the following decades.

    There are so many variables but Bitcoin seems so fundamentally flawless in principle.

    Am I missing something here?

    Every day that goes past I am saddened by the fact that I don't make enough to invest considerable amounts.

    submitted by /u/jackrunit
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    Breakfast for champions

    Posted: 22 Aug 2020 03:22 PM PDT

    That moment when your BlueWallet is talking to your own electrum server on raspi 4 1000 miles away!

    Posted: 22 Aug 2020 08:43 PM PDT

    Blockchain, the amazing solution for almost nothing

    Posted: 23 Aug 2020 12:14 AM PDT

    What’s the best btc wallet I can use to stash my coins from my exchanges?

    Posted: 22 Aug 2020 11:51 PM PDT

    I need a wallet that doesn't require Government ID and stuff

    submitted by /u/Fuckyofeels
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    A new batch of 600 bitcoin stickers is ready to hit the streets of Tel Aviv! Thanks Phneep and Lucho Poletti for the incredible artwork and the permission to print it! And to our Bitcoin Embassy community volunteer that did all the manual scissors work :)

    Posted: 23 Aug 2020 02:43 AM PDT

    Bob Loukas | The Person in the Mirror [new Video]

    Posted: 23 Aug 2020 02:41 AM PDT

    Bitcoin is the first time-based currency.

    Posted: 22 Aug 2020 04:23 PM PDT

    Ready to Wumbo: LND Enables More, Larger Bitcoin Transactions on Lightning

    Posted: 22 Aug 2020 04:42 PM PDT

    "Not your keys; not your coins" enshrined in US case law, says lawyer

    Posted: 23 Aug 2020 02:07 AM PDT

    Interview with new Blockstream researcher Sanket Kanjalkar – PoS flaws, SNARKs, Miniscript, Simplicity & Taproot activation – Unhashed Podcast

    Posted: 23 Aug 2020 03:39 AM PDT

    Can I use one public address from a hardware wallet and use it over and over again?

    Posted: 22 Aug 2020 07:59 PM PDT

    Let's say I bought a trezor and I set up the wallet and extracted a public address from it and printed out the QR code. I then locked up the trezor and never wanted to take it out again.

    I then started buying BTC on my cash app and withdrawing it by scanning my printed QR code..is this something I can do? Is something I should do? Is it common practice? Thanks

    submitted by /u/mhardy8787
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    Dollar Cost averaging bitcoin strategy but ..

    Posted: 22 Aug 2020 10:09 PM PDT

    So i want to swap ETH for BTC every week or so like cost averaging i used changelly but i want to know is there a better place to do that!

    submitted by /u/FSpeshalXO
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    Is Bitcoin really Anonymous??

    Posted: 23 Aug 2020 12:05 AM PDT

    I just started using bitcoin as I use to buy some stuff and all from nulled. But then I wondered when I created my blockchain wallet it asked me for kyc and an ID card for verification. So If my account is KYC verified, can I still call it untraceable?? as I heard that you cant track bitcoin wallet owners from its address, so why is there even a need for KYC.

    And secondly is there any other wallet available there which can provide me full functionality without KYC or ID verification.

    Thanks for your time.

    submitted by /u/tarunisonreddit
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    [MegaThread] US IRS Cryptocurrency Letter Of 2020

    Posted: 22 Aug 2020 03:42 PM PDT

    I just received a letter in the mail from the IRS stating that they are aware that I have crypto, and did not claim it yet. I'm sure others have received the same letter. So, if you want to post information here, you can. I thought that it would be better if we can choose the route in which to proceed all in one place. I am not suggesting that you do anything here. We can just share information, and thoughts.

    My questions are what should be reported? Buying AND Selling? Report how much you bought them at? And Sold them AT? What If I didn't sell them? What if I misplaced them? Lost them? Sold them to a friend?

    What are our rights?

    SOrry if this is a repost.

    Article about how the IRS shouldn't be doing this:

    https://www.coindesk.com/irs-crypto-letter

    Read on how to buy bitcoin without kyc:

    https://keybase.pub/heady_wook/Wook_H_2020_How_to_buy_non_KYC_Bitcoin_with_a_US_Postal_Money_Order.pdf👇

    submitted by /u/A_solo_tripper
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    Bitcoin Re-accumulation phase?

    Posted: 23 Aug 2020 12:09 AM PDT

    Getting Serious About Bitcoin ��

    Posted: 23 Aug 2020 01:41 AM PDT

    Wifey made me another shirt

    Posted: 22 Aug 2020 04:04 PM PDT

    I’ve been storing several different cryptos on applications like Electrum, Exodus and Trust Wallet. I’ve been thinking about going to a device like the Ledger Nano S for more security, but is it really that much more secure than especially Electrum?

    Posted: 22 Aug 2020 03:04 PM PDT

    Genuine Question

    Posted: 22 Aug 2020 10:11 PM PDT

    The main (imo) two attractions to Bitcoin are 1) its capped supply and 2) its decentralized nature. However, couldn't this lead to chaos should, for example, large institutions such as a National Banks buy a overwhelming majority of the bitcoin supply? If vast supply of bitcoin is purchased by central powers, which is conceivable due to its inherent limited supply, wouldn't they be able to control its distribution and availability? Thanks

    submitted by /u/fakeaccount628
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