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    Bitcoin Daily Discussion, September 03, 2020

    September 03, 2020

    Bitcoin Daily Discussion, September 03, 2020

    Daily Discussion, September 03, 2020

    Posted: 03 Sep 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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    Congratulations on the 5th failed attempt to flush down 11200!

    Posted: 02 Sep 2020 03:28 PM PDT

    Gold bars worth $1.5m found in passenger's lunch box in UK, shoulda used bitcoin.

    Posted: 02 Sep 2020 05:22 PM PDT

    Eight gold bars said to be worth £750,000 (NZ$1.48 million) are being auctioned off in the UK after they were seized from a passenger flying to Dubai.

    The haul was found in the lunch box of a flyer at Manchester Airport by HM Revenue and Customs in 2018, but under new "civil proceeds of crime powers laws", the bars are being sold off this week.

    All the proceeds are going back into the "public purse", so will be spent on services including hospitals and schools.

    The gold bars weighed in at 16kg, or as the Customs described it, the "average weight of an adult Staffordshire Bull Terrier".

    The passenger who had been carrying the bars has not faced criminal prosecution.

    Gill Hilton, assistant director at HMRC's Fraud Investigation Service, said it was the first time the 2017 Criminal Finance Act had been used to "seize and forfeit a listed asset, and it should act as a deterrent to criminals looking to trade assets such as precious metals".

    "If they are the proceeds of crime or intended for unlawful conduct, we now have the powers to take them from criminals.

    "We are determined to cut off the funds that finance serious crime in the UK."

    submitted by /u/Pipdotcom
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    Better image of my Hal Finney artwork currently "Running bitcoin"

    Posted: 02 Sep 2020 01:22 PM PDT

    Bitcoin ‘Best Reserve Asset Ever,’ Says Investor Raoul Pal

    Posted: 02 Sep 2020 09:32 AM PDT

    A Historic Chart of Bitcoin's Major Bubbles

    Posted: 02 Sep 2020 07:05 PM PDT

    A Historic Chart of Bitcoin's Major Bubbles

    I made this chart to help myself visualize the major price actions of Bitcoin over time. Also for people who like to say Bitcoin is a bubble. Bitcoin has bubbled many times, but three major times since its birth. After the dust settles, the price always stabilizes higher.

    ​

    https://preview.redd.it/ddm4h3fjauk51.png?width=4912&format=png&auto=webp&s=d61fbeb1a9de6ac7411a1cd1754802cb69e16174

    Conclusion: Bitcoin is a bubble, and then it's not... (over and over and over).

    Less to do with tulips and more to do with the natural wild west growth pains of any young, capitalistic asset yet to mature.

    A lot of people already know this.

    Charts help :D

    submitted by /u/JacobFerguson
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    Bitcoin Accepted Here: Pornhub - Bitcoin Maximalist

    Posted: 03 Sep 2020 03:05 AM PDT

    Government of Bermuda announces a pilot program for a digital stimulus token, base on Blockstream’s Liquid, which lets the users buy essential goods and services

    Posted: 02 Sep 2020 01:32 PM PDT

    "What would happen to Bitcoin and by extension cryptocurrencies - if there was intermittent issues with Internet connectivity across the globe, with parts of the Internet segmented from each other for over a day?"

    Posted: 02 Sep 2020 11:54 PM PDT

    This question may be similar to the question that sparked it - I saw some of the replies, and the replies where like "The internet is designed to be resilient so it would never happen" - I would love to reply to those guys and tell them that yes - there are many dark zones of the internet, and we're not all connected to all of it all the time - the WEB in the other hand .... yes - we can pretty much access the same content, and the WEB is built on top of The Internet - So now with that out the way -- What would happen if there was intermittent issues with connectivity? Will everyone just 'catch up' ??

    Update: More Specifics
    In fact let me be a bit more specific - the northern hemisphere and the southern hemisphere suffer a network split, sort of like split brain scenario on a global scale -- Connectivity is still achieved locally, but routing request to resources only located in the other hemisphere are a no go - global redundancy for the most popular and powerful entities online mean that their services are unaffected from a consumer perspective - think netflix being in local locations, amazons 2 billion data centers etc etc, I'm sure there will be copies of the block chain on both sides of the split - each side thinking oh wow, we just lost 50% capacity - well, that's strange, lets carry on - Can the two sides reconcile once North and South reconnect?

    submitted by /u/misteritguru
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    It’s Past Time for Coinbase to Issue Transparency Reports

    Posted: 02 Sep 2020 12:57 PM PDT

    Making Bitcoin powered app list - so far only ones I remembered, please suggest more!

    Posted: 03 Sep 2020 03:29 AM PDT

    Inspired by Preston Pysh's "Bitcoin One-Pager", I made my own one-pager... double-sided

    Posted: 02 Sep 2020 06:17 PM PDT

    How do y’all get yourself to not constantly check your portfolio

    Posted: 02 Sep 2020 11:42 PM PDT

    So I'm in it for the long haul and have quite a bit invested and have had some serious profits, but I'm not planning to start selling until we have some serious gains but I can't get myself to not check my account like 15 times a day, it's becoming an addiction, what are some tools y'all have to just chill out and not look all the time? Thanks.

    submitted by /u/george_socrates
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    What would happen to Bitcoin if there was a global internet outage for a day?

    Posted: 02 Sep 2020 06:49 PM PDT

    What would happen when all of the nodes came back online at the same time ?

    submitted by /u/allchu
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    Bitcoin Audible: Read_435 - Discovering Bitcoin #7 - Missing Pieces [Giacomo Zucco]

    Posted: 02 Sep 2020 03:25 PM PDT

    I built a tool to independently verify the Bitcoin supply

    Posted: 02 Sep 2020 06:51 AM PDT

    I built jutsu, a simple CLI tool to independently verify the Bitcoin supply and a few other things using your own node. Give it a shot and run the numbers if you have a full node running.

    https://github.com/merwane/jutsu

    jutsu uses oogway, a Bitcoin Python library I built, to interact with your node.

    submitted by /u/merwanedr
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    The U.S. dollar could be in a decade-long decline, analysts say

    Posted: 02 Sep 2020 07:08 AM PDT

    Is cloud based mining a thing?

    Posted: 02 Sep 2020 06:59 PM PDT

    They have services that you can play cloud based PC sames streamed to your desktop on the highest end gaming PCs. Is cloud mining a thing or perhaps might become one in the future?

    submitted by /u/Street_Governments
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    Bitcoin Price Rejects $12K Once Again: 5 Reasons to Stay Bullish for the Coming Weeks

    Posted: 02 Sep 2020 09:40 AM PDT

    How to search node/blockchain for pub address transactions/totals (offline)?

    Posted: 02 Sep 2020 05:22 PM PDT

    Here's what I'm trying to do. I basically want the functionality of a blockchain explorer but offline.

    With a full node (bitcoind) you can use the command getaddressinfo <address> and get some info but not transactions or totals.

    Is there a command I can use similarly but to query a public address to see the total btc or last/all transactions with amounts?

    Basically I want a watch only wallet but without broadcasting over any network that I am looking at these addresses.

    I know I can make a database out of the blockchain but that's pretty involved, is there another way I can do it?

    Thanks

    submitted by /u/redditor157b
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    COLDCARD will never ask you to type any sensitive information (PIN, Passphrase, etc...) on a computer. If you want to use a passphrase but hates typing, we have a few different options to save your fingers!

    Posted: 02 Sep 2020 07:52 AM PDT
    Read more
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