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    Bitcoin Daily Discussion, August 31, 2020

    August 31, 2020

    Bitcoin Daily Discussion, August 31, 2020

    Daily Discussion, August 31, 2020

    Posted: 31 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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    Roger Ver scamming Bitcoin newbies.

    Posted: 30 Aug 2020 07:41 PM PDT

    Sorry for the drama, but this is just outrageous. There are some things that should be off-limits, like deliberately lying to newbies.

    Have a look at this thread where a newbie asks for help buying Bitcoin, please don't bregade, comment or vote:

    https://np.reddit.com/r/btc/comments/ijksed/where_can_i_buy_bitcoin/

    Archive:

    https://web.archive.org/save/https://np.reddit.com/r/btc/comments/ijksed/where_can_i_buy_bitcoin/

    Apart from the normal "buy this altcoin instead for x and y reasons" the head moderator himself comes in and deliberately and knowingly gives a link to a site that sells an altcoin. To make it worse, it is his own site that he directly profits from.

    I have already reported it to the Reddit admins, people being this dishonest need to get ejected from cryptocurrencies IMO. They definitely should not be running subreddits.

    submitted by /u/bitmegalomaniac
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    "Currency panic in Turkey, Argentina and Brazil has pushed the price of Bitcoins locally to all-time highs, with Bitcoin purchases breaking records in Turkey."

    Posted: 30 Aug 2020 10:32 AM PDT

    Popular YT Channel (>3M subs) promoting Bitcoin. The herd is coming.

    Posted: 30 Aug 2020 09:40 PM PDT

    I'm a Believer, Are You?

    Posted: 30 Aug 2020 12:55 PM PDT

    Turkey’s government has been confiscating foreign currency from bank client accounts, while Turkey is looming in to hyperinflation.

    Posted: 30 Aug 2020 07:24 PM PDT

    Turkish lira at all time low against BTC. Buy bitcoin. TRASH fiat

    submitted by /u/MgKx
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    PSA: Bitrefill is a thing, don't forget that!

    Posted: 31 Aug 2020 04:19 AM PDT

    I feel like it's a good idea to both introduce new people to Bitrefill as well as remind others that it is indeed a thing.

    You pay in BTC. They support Lightning. You get gift cards.

    Even just using it for Amazon is amazing. Check out what you can get in your country, as it varies depending on where you live!

    submitted by /u/Fittiboy
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    Mind-Expanding Thread on BitcoinTalk: Bitcoin Sidechains, Decentralised Exchanges and Trolling the SEC

    Posted: 30 Aug 2020 06:53 AM PDT

    Humanity Is at the Dawn of a New Era With Bitcoin

    Posted: 30 Aug 2020 11:13 AM PDT

    Rather than just hodling an investment, I’m holding to a set of beliefs. Core to these beliefs is the idea that when presented with a better alternative to overreaching government control, the people eventually will seek it out.

    Posted: 31 Aug 2020 03:32 AM PDT

    Mentor Monday, August 31, 2020: Ask all your bitcoin questions!

    Posted: 31 Aug 2020 04:01 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    "Bitcoin was born in the previous crisis and I think this crisis, especially the aftermath of it, with so much policy response is likely to be very bullish for it." -Investment strategist Lyn Alden

    Posted: 30 Aug 2020 10:04 AM PDT

    Shops that accept LN in Amsterdam

    Posted: 30 Aug 2020 11:25 PM PDT

    Today I tried mining with my macbook and I made... *it will SHOCK you*

    Posted: 30 Aug 2020 10:33 AM PDT

    i made a fucking pizza on it, man it was about to explode.

    submitted by /u/MattiaProserpio00
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    Awaiting arrival of Trezor

    Posted: 31 Aug 2020 03:04 AM PDT

    Hi all,

    I should receive my newly purchased Trezor in the next day or two - I'd love to hear from anyone who has used this device before as this is my first hardware wallet. All protips welcome!

    Cheers!

    submitted by /u/bigsquigglywiggly
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    So...

    Posted: 31 Aug 2020 12:13 AM PDT

    I am a huge advocate for btc however, I still don't trust it to make tx over the internet. It requires a modicum of trust that I just don't have for people.

    Face to face is completely different but a tx with an "unknown" doesn't provide the trust that I need in this trustless environment. If they decide not to send me what I paid for what are my options, besides taking a total loss? (Mass adoption won't happen if this continues to be an issue)

    Yes, I do understand that smart contracts are a sort of workaround however, that is eth not btc.

    What are some possible (maybe even current?) innovations to combat this issue?

    submitted by /u/praeteritus3
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    What’s the easiest way for me to buy 5k in BTC?

    Posted: 30 Aug 2020 06:24 PM PDT

    I'm Canadian if that matters.

    I'm looking to invest around 5k in BTC and looking for the easiest, most effective way to do so. I've already purchased a Trezor so thats how I'll be storing it all.

    What platform should I use? Should I go to Toronto and use an ATM? This is my first time doing any of this and I've heard of many websites/ways to purchase BTC but some have a limit and other restrictions. Looking for advice.

    Is it better to buy it in lump sums? Or all at once? Or does it really matter. I don't really do much stocks but have been wanting to invest in BTC for awhile and am in a financial situation to be able to do so.

    Any help/advice would be great! Thank you!

    submitted by /u/jtww
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    Vol.5 of Citadel21

    Posted: 31 Aug 2020 03:33 AM PDT

    Those who believe in Bitcoin also believe in cleverness

    Posted: 30 Aug 2020 09:07 AM PDT

    With Kraken halting trading on privacy coins in AUS, will LN or CoinJoin be next?

    Posted: 31 Aug 2020 12:21 AM PDT

    There are reports of emails from Kraken announcing the halting of some privacy alt-coin trading in Australia. What are the thoughts that the AUS government might target CoinJoins or LN enabled exchanges next?

    Thoughts?

    submitted by /u/brianddk
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    Remember that the Federal Reserve loots the American people every single day through masterful mis-education and slight of hand. This kind of looting is considered A-OK. Opt-out of the madness. Buy Bitcoin, so you don’t have to loot convenient stores to get ahead.

    Posted: 30 Aug 2020 10:25 AM PDT

    The Fed's looting is based in cowardice, mis-education, and deceit, but the media says "no problem here, move along now."

    The People's looting is based in desperation, risk-taking, and even courage to risk one's own safety and do whatever it takes to get ahead/survive, but the media condemns the People looting as barbaric and never asks why the People have to resort to stealing.

    Just Buy Bitcoin, so that you can take back control of your time aka your life.

    submitted by /u/the420chronicler
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    What are the tax implications of buying through Coinbase and transferring to Ledger?

    Posted: 30 Aug 2020 08:52 PM PDT

    I've regularly been buying BTC, and other alts, through coinbase. I transfer them to my Ledger and there they stay. I hear that CB reports to the IRS, so what kind of tax forms can I expect to fill out next year? I'm in the US.

    I only hold my coins, I don't sell for fiat or make purchases.

    submitted by /u/leof135
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    Just found this Bitcoin ATM in Poznan mall center

    Posted: 30 Aug 2020 03:37 PM PDT

    I saw this at the deli by my work, I thought it was cool

    Posted: 30 Aug 2020 11:41 AM PDT

    Sending LN gives UnknownNextPeer

    Posted: 30 Aug 2020 08:11 PM PDT

    Want to send LN to my LN wallet, whenever I do I get "UnknownNextPeer" error.

    I have sent some BTC to my LN wallet to fill it up about 8 hours ago

    I'm using breez wallet on iOS

    submitted by /u/Muted_Choice
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    1400 Bitcoins stolen after a user installed an old Electrum wallet and then updated to a malicious version.

    Posted: 30 Aug 2020 06:17 AM PDT

    this is not me, im just sharing news....

    I had 1,400 BTC in a wallet that I had not accessed since 2017. I foolishly installed the old version of the electrum wallet. My coins propagated. I attempted to transfer about 1 BTC however was unable to proceed. A pop-up displayed stating I was required to update my security prior to being able to transfer funds.

    I installed the update which immediately triggered the transfer of my entire balance to a scammers address.

    Source - https://github.com/spesmilo/electrum/issues/5072#issuecomment-683356052

    The transaction - https://blockchair.com/bitcoin/transaction/ef600c380a239d9b929c6c964deaf7060e309750950a516cee65576232b0c53c

    A recap of the issue by u/_benkaufman - https://twitter.com/_benkaufman/status/1299971319430352897

    submitted by /u/atrueretard
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