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    Bitcoin Daily Discussion, September 27, 2020

    September 27, 2020

    Bitcoin Daily Discussion, September 27, 2020

    Daily Discussion, September 27, 2020

    Posted: 27 Sep 2020 12:01 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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    18,500,000 btc mined

    Posted: 26 Sep 2020 06:11 PM PDT

    This is more than 88% of the total amount of btc that will ever be in circulation.

    submitted by /u/Texugo_do_mel
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    Room for growth? Google Trends for Bitcoin dropped to pre-COVID19 levels, despite Bitcoin is trading above the $10K mark

    Posted: 27 Sep 2020 01:59 AM PDT

    The 3 Biggest Reasons Why Bitcoin Will Become the Standard for Generation Z and Generation Alpha

    Posted: 26 Sep 2020 10:20 AM PDT

    Bitcoin yearly lows

    Posted: 26 Sep 2020 06:37 AM PDT

    2010 – $0.01

    2011 – $0.30

    2012 – $4

    2013 – $65

    2014 – $260

    2015 – $150

    2016 – $350

    2017 – $780

    2018 – $3,122

    2019 – $3,322

    2020 – $3,850

    Source: https://twitter.com/carolinaninap/status/1309200934854160389

    submitted by /u/Rattlesnake_Mullet
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    What does it mean that bitcoin is not fungible?

    Posted: 27 Sep 2020 12:34 AM PDT

    When they say that Bitcoin is non fungible, what does it mean exactly?

    submitted by /u/tsabo187
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    How to Keep Your Identity Safe While Using Bitcoin

    Posted: 27 Sep 2020 02:06 AM PDT

    Help me respond to my banker dad’s theory about BTC.

    Posted: 27 Sep 2020 12:25 AM PDT

    In a long conversation about investing, me and my dad agree that Cryptocurrency will play a significant role in the future's financial system. My dad acknowledges the power of the tech and has some fascination with smart contract platforms like ETH.

    But..He argues against buying BTC specifically. His theory is that BTC is fundamentally similar to gold from an economics stand point, yes, but there is nothing specifically special about BTC in the Crypto ecosystem other than the fact that it's got the first mover advantage. Apparently, BTC is popular only because..it's popular!

    Gold is special in its use cases, as it plays a significant role in jewellery, manufacturing and areas that make it physically superior to other metals - But nothing actually makes BTC superior to other cryptocurrencies other than the large number of people that trust the network today. His view is that if BTC was replicated but with slightly better tech (for example, further decentralisation by making entry to mining easier/cheaper), the original BTC will lose in the long run. His view is that BTC is superior today but not tomorrow.

    Help.

    submitted by /u/TraditionalCoffee
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    Galaxy Digital: Bitcoin’s Price Potential Is Greater Than 60x

    Posted: 27 Sep 2020 01:33 AM PDT

    Best fee rate for routing in lightning

    Posted: 27 Sep 2020 03:18 AM PDT

    I set up many big channels to popular nodes in the network and balanced them so that remote and local capacity are as evenly distributed as possible.

    The fee rate of all my channels is the default setting of 1 sat base fee and 1 mSat fee rate.

    I see some of my peers have different policies like 0.5 sats base fee and 500mSat fee rate.

    I got some decent amount of routing in the past, my node is running ~3 months so far and I got ~750 forwardings in total.

    Now I want to increase the amount of routing my node does and I think opening balanced high capacity channels to popular nodes was the first step and now I am wondering about the fee rates and if there is something than can be optimized.

    Do you have any tips or experience yourself you can tell me about, maybe any lightning node operators that have already experimented with fee rates?

    Edit: I do this as a self experiment to see what yields the best results for my own curiosity, I don't do this to earn any real money.

    submitted by /u/Immediate-Host
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    This election and all the uncertainty can't be good for the US dollar? Good for Bitcoin?

    Posted: 26 Sep 2020 02:52 PM PDT

    I want to compare performance of DCA to blindly following buy/sell indicators historically. Anyone know of this being done before, or a tool to simulate trades?

    Posted: 27 Sep 2020 01:30 AM PDT

    How to Learn Bitcoin From Command Line

    Posted: 26 Sep 2020 02:00 PM PDT

    Hello everyone, I've been a long time BTC supporter and I'm wanting to dive deeper and learn Bitcoin from command line. Unfortunately, I have zero programming experience. I know the very basic terms but the only code I've ever written is "hello, world".

    Before I start diving into command line I think it's best for me to read guides or watch youtube videos. Can someone help me on where to start? The link below is what popped up on Google but I don't even know where to start on GitHub so I'm quite lost. Any links or videos that can help me would be greatly appreciated. Thanks.

    https://github.com/BlockchainCommons/Learning-Bitcoin-from-the-Command-Line

    submitted by /u/tpmv69
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    I want to get some Bitcoin for family and friends for Xmas. What’s the best way to give out different wallets to each person

    Posted: 26 Sep 2020 03:33 PM PDT

    To Understand Bitcoin, Close Your Eyes and Imagine Eternal Life

    Posted: 26 Sep 2020 04:34 AM PDT

    Recommendations for self directed IRAs that invest in BTC?

    Posted: 26 Sep 2020 09:26 PM PDT

    Hi there! A lot of the posts I've read about this topic are from 2-3 years ago. Just wanted to hear some of the experiences of people who have invested in self directed crypto IRAs. What are the fees like? How has your experience been so far?

    I was considering using IRA Financial Group. They claim to offer lower fees and allow you to store your crypto on a cold wallet. But their limited reviews make me nervous. Has anyone has had experience with IRA Financial?

    submitted by /u/rowrowjack
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    Is there a wallet that lets me generate a 12, 18, and 24 word seed?

    Posted: 27 Sep 2020 04:03 AM PDT

    Wallets only generate 1 of the 3, but have no problem restoring from all 3. So is there a wallet or generator where can I generate all 3?

    submitted by /u/typtyphus
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    The holy grail of life

    Posted: 26 Sep 2020 03:30 AM PDT

    Why Bitcoin will be bigger than you think

    Posted: 26 Sep 2020 02:51 PM PDT

    One day I'll have grandchildren and I'll tell them how I fought during the UASF "war" back in 2017

    Posted: 26 Sep 2020 04:18 PM PDT

    Are there other people here who have this strange feeling when they look back at 2017 that we fought and won a war "back in the days" that threatened Bitcoin freedom ?

    submitted by /u/okidoc-me
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    Venezuela turns to satellites to connect Bitcoin nodes

    Posted: 26 Sep 2020 09:48 AM PDT

    Bitcoin Logarithmic Regression + Geometric Representation

    Posted: 26 Sep 2020 03:16 PM PDT

    FinCEN Files: The Wonderful World of Colluded Capitalism – Mafias, Oligarchs and the Banking Cartel

    Posted: 26 Sep 2020 08:13 AM PDT

    Introducing the Aqua Wallet - a simple iOS mobile wallet designed for the mass adoption of digital assets.

    Posted: 26 Sep 2020 02:49 PM PDT
    Read more
    at

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