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    Bitcoin Daily Discussion, September 15, 2020

    September 15, 2020

    Bitcoin Daily Discussion, September 15, 2020

    Daily Discussion, September 15, 2020

    Posted: 15 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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    When you over trade bitcoin

    Posted: 14 Sep 2020 01:05 PM PDT

    Security first

    Posted: 14 Sep 2020 04:34 AM PDT

    Pomp Podcast #383: Jim Cramer Becomes A Bitcoin Bull

    Posted: 14 Sep 2020 03:20 PM PDT

    Bitcoin Satellite - We have installed the Blockstream Bitcoin Satellite system, a way to download and verify Bitcoin’s blockchain via satellite, without the need for an internet connection

    Posted: 14 Sep 2020 08:42 AM PDT

    Some Bitcoin Traders Are Betting on a $36K Price by Year’s End

    Posted: 14 Sep 2020 04:16 PM PDT

    Will bitcoin be default the privacy feature in the future?

    Posted: 14 Sep 2020 09:57 PM PDT

    https://www.fatf-gafi.org/publications/fatfrecommendations/documents/virtual-assets-red-flag-indicators.html

    Today FATF announced a new regulatory recommendation. It contains recommendations to include p2p transactions, transactions with non kyc exchanges, privacy coins, unhosted private wallets and mixers as red flags.

    FATF is a pet kept by the US gov. In other words, FATF's recommendations become the worldwide AML standard. To say that it is are 'risky' is the same as saying to ban it.

    The future of privacy is dark. We can use coinjoin, payjoin, or privacy-focused alt, but it will get harder and harder. This is because the modern AML mechanism works in a bizarre way of thinking that "nothing to hide nothing to fear so no need privacy". Governments are not interested in anything other than completely eliminating financial privacy and expanding mass surveillance.

    To solve this, I think bitcoin will someday need to set the anonymous transfer feature as default. Mixing, zero-knowledge proof, coinswap, ringCT... whatever, to make sure that traders are not considered potential criminals just to use the privacy protocol.

    If Bitcoin is widely accepted then now, it will be difficult for the government to ban it even if privacy is default. Many traders will rebel, and the source code cannot be interfere because it belongs to the freedom of speech.

    Some will worry that this idea will be abused in crime. But tracking criminals is a government''s 'job'. Already, the government is doing a lot of research on it. At the same time, it is also the government's duty to protect our privacy. If someone abuses technology, government have to figure out how to track it down, and it's not the right way to stop ordinary people from using privacy protocols.

    Already, the government is putting bitcoin traders under mass surveillance. If they don't trust us so don't respect our basic rights, we don't have to be 100% obedient to their big-brother dream. We must have the real power to protect our own privacy.

    What do you think about this opinion? Anyway, I believe bitcoin needs better privacy and fungibility as a default.

    submitted by /u/subarun7
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    Bitcoin Art: Gotham City

    Posted: 14 Sep 2020 02:22 PM PDT

    Danger: Be Careful with Samourai Wallet

    Posted: 14 Sep 2020 04:14 PM PDT

    The BIP39 derivation key from some versions looks like to be wrong. Previously, I had used the same paper backup to recover it (18 months ago) from an old phone that broke the screen.

    Recently I migrated my phone (which bricked) to a new one. Both the backup and the BIP 39 did provide the same set of addresses.

    I asked the Support, and for the second time (the first time I payed more than 300$ in fees due to a Replace by Fee order was called as a CPFP without my previous consensus), I had a terrible experience with them, they did not even reply explaining possible solutions.

    The aforementioned explanation is what I suggest that happened due to some experience I have as developer.

    Another thing I asked them was to provide to me the releases of the previous versions and they said they would not provide that on email. They suggest me to look at their github release (I believe I would be able to compile their project and try to create the Android Apk, but I did not try because it would surely consume time, and luckily I had the option to try with the old screen broken phone).

    The repaired old phone had the software installed and configured, then, with the pin I was able to rescue the bitcoins.

    In summary, from now on, I do not plan to use none of the softwares developed by them anymore. The communication is terrible and lost my credibility.

    I understand that the software is not Beta but some core features should already be stable.

    In this sense, it is surely hard to me to keep trusting in their team.

    Use hardware or paper wallets (generate public keys offline and save them) if you want to hold as a reserve. If you have recommendation for a trustable Android one it would be good to hear.

    submitted by /u/vncoelho
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    S2F creator PlanB is calling time on the next order of magnitude move to $100,000 per bitcoin. Is this just fomo or is there something here?

    Posted: 15 Sep 2020 12:27 AM PDT

    Looking to buy btc anonymously

    Posted: 14 Sep 2020 06:59 PM PDT

    I have this account with funds let's say, but I don't want said purchase to later on be tracked to me. I'm thinking of buying or using a burner phone, and or some public WiFi using a VPN to make said transaction. And advice is appreciated

    submitted by /u/starcode67
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    How to buy locally, in-person?

    Posted: 15 Sep 2020 12:05 AM PDT

    I checked localbitcoins but there doesn't seem to be a way to filter sellers by region, etc. which is ironic considering the name.

    Is there any platform where one can actually find locals to physically hand cash to in return for BTC?

    Fully aware that there are ATMs --but this is not my question. And I am not interested in bank transfers, etc.

    submitted by /u/monoslim
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    Raoul Pal: 'I'm over 50%' In Bitcoin

    Posted: 14 Sep 2020 04:27 AM PDT

    Bitcoin to replace gold amid transfer of wealth from baby boomers to millennials

    Posted: 14 Sep 2020 04:24 AM PDT

    Bitcoin Gets Out of the Rut

    Posted: 14 Sep 2020 08:10 PM PDT

    Can we just talk about how crazy the network hashrate is currently ?

    Posted: 14 Sep 2020 05:35 AM PDT

    We regularly go above 150Ehashs/s now....

    I think too many people don't realise that proof of work applied to transaction confirmation/decentralized timestamping is a such powerful idea, even after the halving the hashrate still increases to reach levels never touched before thanks to technical progress in specialized hardware in which miners throw energy they won't use otherwise.

    The bitcoin token is the best money to buy this hashrate through transaction fees so that you can write what you want in the Bitcoin ledger that is the most legit document the humanity ever created thanks to proof of work (just by reading the blockchain content, you know it is legit document). The price of Bitcoin and the transaction fee market reflect how much people need a legit and unforgeable ledger to settle their contracts.

    Altcoiner's fud of death spiral because of halving was a complete lack of understanding. Nothing can replace what proof of work and Bitcoin are doing: incentivize the creation of specialized hardware to create the most legit ledger ever made of history.

    submitted by /u/Pantamis
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    I just want to be clear, with regards to being irresponsibly long bitcoin: I don't use leverage I fully expect to have to deal with a 50% drawdown and, Im ok with it. I look at my allocation versus liquid assets and not my house etc. I am lucky have an income stream, which is key.

    Posted: 14 Sep 2020 06:44 AM PDT

    Bitcoin not showing up after 2 days

    Posted: 15 Sep 2020 03:35 AM PDT

    Hello,

    So I have a problem with a transactions that I made 2 days ago. First transaction went well (6h tho) but the second one don't show up on the website. Is it normal?

    I'm a bit worried and I don't know what to do. Thank you

    submitted by /u/Byebyeitsanamg
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    Transferring bitcoin from etoro wallet to binance

    Posted: 15 Sep 2020 03:15 AM PDT

    I'm trying to send bitcoin from etoro to binance, but on my wallet under balance it says 0, but under trades my full amount of bitcoin is there, does anyone know how to transfer the bitcoin to balance so I can then send it to binance?

    submitted by /u/charlieswinhoe
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    Me working/studying: dang I really need to start focusing. *2.5 seconds later opening up twitter to talk #bitcoin*

    Posted: 14 Sep 2020 02:55 PM PDT

    Best place for betting on sports with bitcoins?

    Posted: 14 Sep 2020 10:15 PM PDT

    China is taking the lead it seems

    Posted: 14 Sep 2020 10:13 PM PDT

    The Bulls have Stopped the Panic and are sending Bitcoin towards the $ 11K

    Posted: 14 Sep 2020 10:54 AM PDT

    Rapper TI Cryptocurrency Fraud: Charged and Fined $75,000 by SEC

    Posted: 14 Sep 2020 11:58 AM PDT

    Typewriter analogy of Gold in a Bitcoin world

    Posted: 15 Sep 2020 01:35 AM PDT
    Read more
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