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    Bitcoin Daily Discussion, September 16, 2020

    September 16, 2020

    Bitcoin Daily Discussion, September 16, 2020

    Daily Discussion, September 16, 2020

    Posted: 16 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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    Never Forget this - Always accumulate more Bitcoin while you can. I am finally at 1 BTC now. It required a lot of patience and dedication. ������

    Posted: 15 Sep 2020 05:40 PM PDT

    Feeling so good about it. BTC for the future financial well-being. Many more BTCs to come.

    The journey to more BTC begins now!

    submitted by /u/Tamerlane69
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    MicroStrategy bought 16,796 additional bitcoins

    Posted: 15 Sep 2020 06:14 AM PDT

    MicroStrategy's Michael Saylor Explains His $425M Bet on BTC

    Posted: 15 Sep 2020 04:12 PM PDT

    'I want to buy Bitcoin all night... and sats everyday' - Gene Simmons gets into Bitcoin

    Posted: 15 Sep 2020 02:17 PM PDT

    Which Bitcoin visa cards do you use?

    Posted: 15 Sep 2020 04:52 PM PDT

    I've been looking for a cheap alternative for a while inorder to find something built on Bitcoin. I've tried Bitpay, but wasn't happy. I also tried to get some others, but they never came available for me.

    Your recommendations will be appreciated.

    submitted by /u/ExternalUse2
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    Fun with low fee TXNs on Mainnet

    Posted: 15 Sep 2020 10:46 PM PDT

    Here's a 0.493 sat/vB TXN I put on mainnet today. You'll have to use the SoChain block explorer to see it though. I give it a 3% chance of getting confirmed, but we'll wait and see. The TXN is a donation to Addy@Bitnodes since I use their seeder for my network herder.

    So last month, I voiced the unpopular opinion that node operators should lower the minrelaytxfee setting to allow low-fee TXNs to propagate more freely throughout the network. Then I asked why miners weren't mining 0.999 sat/vB TXNs during idle periods since it should be more profitable than mining no TXNs at all. Finally I wrote a node herder to walk the network looking for node operators that were running minrelaytxfee below the default (1000 sat). After walking about 26% of the network, turns out about 5% of nodes are allowing low fee TXNs.

    So in that vein of discussion, I decided to just sign some low-fee TXNs and send them to the 5% of nodes I found and see what happens. To my surprise it showed up on one of the 23 block explorers I tried after broadcasting it. Surprisingly, that comes out to about 5% of explorers accepting low fee TXNs as well. So hopefully 5% or so of the miners will confirm low fee TXNs. We'll see.

    BTW, to do this, this is what I did.

    1. Pair my HW wallet to Electrum
    2. Use the paytomany Electrum API to craft a TXN below 1 sat/vB
    3. Import the TXN to sign in Electrum
    4. Ran a full node with minrelaytxfee set to 1 sat (0.001 sat/vB)
    5. Walked the network to find a good number of low-fee peers
    6. Use bitcoin addnode API to herd my node to the low-fee peers I discovered.
    7. Use bitcoin sendrawtransaction API to broadcast TXN

    Wait and see if it can propagate to a miner and if a miner will accept it.

    BTW, there is a PR to lower the minrelaytxfee in core, but it's dragged on for years. The setting was lowered about every year or so in the early days, but hasn't been touched for many years now.

    submitted by /u/brianddk
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    Ethiopia is demonetizing its economy with new currency to tackle hoarding and illegal trade

    Posted: 15 Sep 2020 11:15 PM PDT

    MicroStrategy doubles down on its Bitcoin strategy

    Posted: 15 Sep 2020 06:27 PM PDT

    In August, NASDAQ traded company, MicroStrategy, took their cash reserves and dumped it in favor of Bitcoin.

    Now, the company is doubling down and purchased another $175M in BTC.

    MicroStrategy shareholders might be in for a wild ride :-)

    https://www.cryptovantage.com/news/microstrategy-buys-more-bitcoin-doubling-down-on-strategy/

    submitted by /u/thecryptovantage
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    Bitcoin Suisse Tram Comes To Zurich

    Posted: 15 Sep 2020 06:03 AM PDT

    ⭐️ 777 Exotics. You might have missed this car rental accepting cryptocurrency in in Los Angeles, United States | Bitcoinwide

    Posted: 16 Sep 2020 02:21 AM PDT

    Nacho Cheese, Nacho Bitcorn

    Posted: 16 Sep 2020 02:48 AM PDT

    If you wanna buy (not trade) BTC in the UK, which exchange do you recommended?

    Posted: 15 Sep 2020 11:43 PM PDT

    I'm not from the UK, it's for a friend. I'm trying to make his transition into Crypto as painless as possible. There's a long list of exchanges available, so any suggestion(s) would be helpful.

    submitted by /u/RogierNoort
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    Bitcoin v Gold: Can the cryptocurrency steal the safe haven crown?

    Posted: 15 Sep 2020 08:14 PM PDT

    Bitcoin Retakes $200 Billion Market Cap in Sudden Surge

    Posted: 15 Sep 2020 11:30 AM PDT

    Why Anthony Pompliano Thinks Bitcoin Will Hit $100K By 2022 (1.5-minute audio clip from his podcast with Jim Cramer)

    Posted: 15 Sep 2020 05:35 AM PDT

    MicroStrategy Tells SEC It 'May Increase' $250M Bitcoin Reserves

    Posted: 15 Sep 2020 05:07 AM PDT

    C-Lightning 0.9.1 has been released - Speedups, improvements to MPP, and new multifundchannel plugin

    Posted: 15 Sep 2020 02:13 PM PDT

    A question for people holding 2 or more Bitcoins...

    Posted: 15 Sep 2020 03:29 PM PDT

    Assuming PlanB is correct and Bitcoin overshoots the 100k price target in the upcoming bull run to say 200-250k, what is your opinion on the best strategy?:

    1). Hold all your bitcoin and don't sell until 1 million.

    2.) Sell a fraction of your portfolio and cash out, dollar cost averaging from 100-250k, and then take a large fraction of that cash and reinvest when the price corrects by 80% back to 50-75k. You then end up with more Bitcoin from the profits for the next cycle.

    submitted by /u/Join_The_Resistance
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    Seen at a convenience store. Sanandaj / Iran.

    Posted: 15 Sep 2020 04:47 AM PDT

    Leaked Round table talk by the Bank of England Governor on Bitcoin, Stablecoins & Central Bank Digital Currencies - Leaked on September 15th 2020

    Posted: 15 Sep 2020 08:15 AM PDT

    Red BTC: Integrate BTCPay Server with online services, APIs and hardware devices, and develop apps on top of it, visually

    Posted: 15 Sep 2020 09:56 AM PDT

    WHAT GIVES THE VALUE TO BITCOIN?

    Posted: 16 Sep 2020 12:34 AM PDT

    Hi. I am new on this sub and I am also new in Bitcoin in general. I saw people online who said Bitcoin is the digital gold. Is it true? Gold has mantain value over 5000 years. When you buy gold coin you can hold it in your hand. You can see it, touch it, hide it etc. What gives a Bitcoin same value? You can't touch it, you can't see it. That is just a number on the screen. What if Bitcoin is just a bobble piramid scam? Don't cringe I am just a average guy who wants to learn.

    submitted by /u/iampavle
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    Billionaire Investor Ray Dalio: U.S. Dollar’s Reserve Currency Status Under Threat

    Posted: 15 Sep 2020 01:55 PM PDT

    Why Bitcoin? This Czech Family Was Charged For Traveling Through Austria With Gold and Silver

    Posted: 15 Sep 2020 06:08 AM PDT
    Read more
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