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    Bitcoin Daily Discussion, September 07, 2020

    September 07, 2020

    Bitcoin Daily Discussion, September 07, 2020

    Daily Discussion, September 07, 2020

    Posted: 07 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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    100% of my money is now in BTC

    Posted: 06 Sep 2020 11:39 PM PDT

    Sold stocks a few week ago because stocks were getting prohibitly expensive. Sold bonds because they never paid more than 2% per year. Today (monday) I put the last dollars I had into bitcoins. I literally have NO other investment - no retirement fund, no investments of any kind. The only thing I have is bitcoins.

    100% of my assets is in bitcoins now.

    And now we play the waiting game. Not planning to sell for 5+ years.

    GLTA

    submitted by /u/GOD_OF_POKER
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    Been Keeping this for a while to post after BTC hits 20K again

    Posted: 06 Sep 2020 02:50 PM PDT

    We'll be back to 12k in no time

    Posted: 06 Sep 2020 02:41 PM PDT

    Be aware of buying seed storage devices, trezor sleeves and other items from online market places.

    Posted: 06 Sep 2020 09:49 PM PDT

    I have never really seen this mentioned but I was browsing Ebay and I saw Trezor silicone sleeves and different physical seed storage options for sale. If you have ever sold on Ebay you might know that you can clearly see detailed information about the buyer of your product. Name, address, paypall and more. This could potentially make you a target in on way or another. Please be aware.

    submitted by /u/Parking_Meater
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    Homemade steel backup plates. Ready to engrave.

    Posted: 06 Sep 2020 02:53 PM PDT

    Peter Schiff admits being wrong about Bitcoin but predicts a Bear Market again

    Posted: 07 Sep 2020 01:31 AM PDT

    History writing about those of us who got in before $10k

    Posted: 06 Sep 2020 07:00 PM PDT

    Remember when Jordan Belfort was interviewed and said Bitcoin was the biggest scam ever...

    Posted: 06 Sep 2020 06:05 PM PDT

    Based on his history I don't see why anyone would still take financial advice from this guy...

    submitted by /u/SparkToken
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    Seed Phrase Verification

    Posted: 06 Sep 2020 09:09 PM PDT

    I got a 12-word seed phrase from Electrum. In practice, one should never create a hot wallet on an online computer. I understand that on an offline computer, I can create a wallet, get a master public key from it then use the master public key to create a watch-only wallet on an online computer to check the balance/transactions. I could also attempt to use this offline full wallet to sign a transaction created using the watch-only wallet. Is there a simpler/better way to verify that my seed phrase is correct?

    submitted by /u/AmeriChino
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    Crypto Regulation News: SEC expands accredited investor definition, lowering the barrier to private markets; IRS memo — cryptocurrency earned from a microtasking job is taxable income; ‘Crypto Valley’ residents can now pay taxes in Bitcoin; Brazil’s central bank examines the benefits of a CBDC

    Posted: 07 Sep 2020 02:35 AM PDT

    BTC Side Chains, why aren't they more popular?

    Posted: 07 Sep 2020 02:25 AM PDT

    I just started reading more about bitcoin side chains and I'm surprised that they are not more popular. To me, it makes sense to have side chains with their own tokens backed by btc. Developers can make what ever world they want, and people should want to participate because there's liquidity involved. SO, why aren't these all over the place? Developers: is it coding limitations? Economist: is it flawed economics?

    You can make a gambling app, where users deposit bitcoin and are given a gambling token redeemable for satoshis.

    Another example I was thinking of was a government/country creating their own currency backed by bitcoin.

    submitted by /u/supafiyya
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    Tales from the Crypt: Rabbit Hole Recap: Week of 2020.08.31

    Posted: 07 Sep 2020 03:57 AM PDT

    Best place to buy partial coins in aus?

    Posted: 07 Sep 2020 01:08 AM PDT

    As the title suggests, not gonna spend 10k on 1 coin haha but have heard of buying in partial amounts any recommended apps or websites to use in Australia? Cheers guys

    submitted by /u/Aprgolf
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    Mentor Monday, September 07, 2020: Ask all your bitcoin questions!

    Posted: 07 Sep 2020 04:00 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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    Please can someone ELI5 how Options on Bitcoin Futures work?

    Posted: 06 Sep 2020 07:27 PM PDT

    Bitcoin in Syria

    Posted: 06 Sep 2020 11:55 AM PDT

    Hello people, Im new on reddit, I have a Bitcoin related question. Is it possible to send bitcoin from European union to Syria? Can someone who knows the process or who maybe who did it before write me? :) I need information about the whole process. Thank you

    submitted by /u/Liuiuiu
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    It's too easy to get scammed and lose all your money.....

    Posted: 06 Sep 2020 11:29 PM PDT

    I was working on a project, involving a smart contract on the Tezos Blockchain, and I was looking for help with coding. I reached out to the Tezos community on Facebook and some guy offered to help pretty quickly. He was pretty friendly, some Brazilian guy, offered to skype and help me through it, but I thought it was weird how far he was willing to help.

    I was having issues uploading a smart contract, one of the reasons was because of the key I was using in order to pay for the origination of the contract. The guy helping me offered to let me use the private key he had that he suggested was "for everyone to use" and that he thought it was great that there were people like me doing what I was doing. At that point, I realized the guy was just trying to get me to upload money into his key, and as soon as I did he'd withdraw everything. It didn't help that the guy lived in South America and didn't have much of an identity on Facebook, no profile picture, I doubt his name was really what it said it was.

    I thanked him for the help, though it did not get me far, and learned to play my cards closer to my chest. Asking for help you will get the sharks to come out. This guy figured me for a rookie, which I'm sure there are a lot trying to learn about blockchains, and he could get me to either reveal my private key or get me to use his key. Lately, we just had that Bitcoin scam involving twitter and celebrity accounts, just goes to show how easily people get scammed. What a shame...

    submitted by /u/SparkToken
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    Resources to gain a deep understanding of the fundamentals of Bitcoin?

    Posted: 06 Sep 2020 11:39 AM PDT

    Hey All,

    ​

    Purchased some BTC, back in June. The past few months have been interesting in learning all about the crypto world. While I have a basic understanding of Bitcoin, I would love to develop a deep understanding of the fundamentals of bitcoin.

    Is there any resources, tools, white papers, etc. that you would strongly recommend, that I could review and gain a better understanding of Bitcoin and how it is developing?

    submitted by /u/vondonglanger
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    WTF Coinbase! Restricted account for undisclosed reasons until October 30th?!?

    Posted: 06 Sep 2020 07:15 AM PDT

    After being verified to L3 user confirming my identity and shit I had been buying BTC through my bank account and moving it to my trezor. All of a sudden they have restricted my account until Oct 30th and will not give me a reason.

    https://imgur.com/a/0aWkUkP

    I know many have said it again and again but do not use coinbase. Ever! Who would be the best authority ton file an official complaint against? I'm considering filing a police report for theft against their CEO in the state of operation. Any suggestions would be appreciated.

    submitted by /u/_The_Judge
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    Bitcoin defeats capital controls. Most don't understand this.

    Posted: 06 Sep 2020 07:56 AM PDT

    What stops the FED from buying up bitcoin with the money they print?

    Posted: 06 Sep 2020 04:54 AM PDT

    So basically buying bitcoin with fake money, they could buy as much as they wanted and crash the market by selling large amounts, can someone clarify this for me?

    Thanks!

    submitted by /u/whoisconor
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    What are best, cheapest, and most reliable Bitcoin debit cards which work in Europe?

    Posted: 06 Sep 2020 02:30 PM PDT

    It's pretty insane how easy it is to buy bitcoin now.

    Posted: 07 Sep 2020 04:23 AM PDT

    Just about 4 or 5 years ago buying bitcoin or any crypto requires you to go a really round about ways of buying coins and you get then at least 1 to 2 days. Now all you need is a credit card and you get your coins within an hour

    submitted by /u/cadexn
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    Bitcoin’s Logo On Southampton Shirt

    Posted: 07 Sep 2020 03:07 AM PDT
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