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    Bitcoin Daily Discussion, September 29, 2020

    Bitcoin Daily Discussion, September 29, 2020


    Daily Discussion, September 29, 2020

    Posted: 29 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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    Just had a guy tell me about how his moms boyfriend bought a ton of bitcoin “like 20 years ago” and how he’s just been sitting on it.

    Posted: 28 Sep 2020 10:34 AM PDT

    The general public doesn't know shit.

    submitted by /u/EATYOFACE
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    The Greyscale Bitcoin Trust is now holding 450,000 BTC - 2.4% of the current supply.

    Posted: 28 Sep 2020 04:33 PM PDT

    Does anyone use their bitcoin to make purchases?

    Posted: 28 Sep 2020 08:18 AM PDT

    Investors including me have been sinking money into it for years, but I've never seen anyone plunking the rare metal down when they buy daily utilities. Do you guys actually use your precious BTC?

    EDIT: What platforms do you use to make your purchases?

    submitted by /u/Agridek
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    Monday Art - Diego Art

    Posted: 28 Sep 2020 08:13 AM PDT

    Bitcoin is a Currency according to a proposed Bill in Israel

    Posted: 28 Sep 2020 10:07 AM PDT

    Why Proof of Work Based Nakamoto Consensus is Secure and Complete

    Posted: 28 Sep 2020 11:38 AM PDT

    The More You Understand the Why of Bitcoin, the Less Likely You Are to Buy Altcoins

    Posted: 28 Sep 2020 12:21 PM PDT

    Wallet Recommendations?

    Posted: 28 Sep 2020 07:42 PM PDT

    How do you guys feel about Electrum? If you don't like it what other wallets would you recommend?

    submitted by /u/DeyjjaVu
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    Monday Art - Adriana Cerrotti

    Posted: 28 Sep 2020 08:14 AM PDT

    Online store that accepts cryptocurrency!!

    Posted: 29 Sep 2020 12:28 AM PDT

    Considering cashing out every other investment and going all in on Crypto. How stupid is this?

    Posted: 28 Sep 2020 10:53 PM PDT

    I know this is generally thought of to be stupid, but with the way things are going I have zero faith in any government backed anything right now, including real estate and the obvious things like stocks. The only exception is commodities and metals. Which would be the other 20% of my port just as a hedge.

    It seems like with the way things are going hyper inflation is on the horizon, and I have been researching the global economic forum and everything is heading toward the blockchain anyways.

    It seems to me bitcoin is almost in that "too big to fail" place, because it's used worldwide and even if every country unanimously comes together and bans it I don't even know how this could or would be enforced.

    Am I crazy for thinking this?

    Additionally, are there other complete doom scenarios that could take bitcoin down? I'm primarily talking about bitcoin here since almost all coins are directly tied to it, but my portfolio would consist of a variety of coins.

    What are your thoughts? Am I missing anything? I realize I'll get some very biased answers but hoping some people here have thought through the potential long term downsides. I'm only investing money that won't change my lifestyle.

    Thanks in advance.

    submitted by /u/fjik1623
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    Classic Lost Bitcoin / Lowkey millionaire story

    Posted: 28 Sep 2020 08:43 PM PDT

    Can folks please share their favorite stories? I love these. We all know the bitcoin pizza and lost millions at the garbage dump stories. Please share some uncommon ones or ones you haven't thought of in a while. Links are appreciated for verification of legitimacy.

    submitted by /u/studyforgain
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    A Novel Economic Institution with Yassine Elmandjra — What Bitcoin Did

    Posted: 29 Sep 2020 03:54 AM PDT

    Blockstreams new wallet

    Posted: 28 Sep 2020 11:55 AM PDT

    https://blockstream.com/2020/09/26/en-introducing-aqua-wallet/ - Blockstream release Aqua, and you can buy bitcoin with it using Apple Pay! Nice! Tried it and it's very smooth. No need for beginners to use Revolut for crappy BTC certificates anymore, they can now be their own custodian using Apple Pay on iOS.

    submitted by /u/ando999
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    Call me crazy but with so many awesome stocks making huge moves in the market. I keep on simply accumulating BTC. Not sure if its a healthy addiction but I have no regrets I guess.

    Posted: 28 Sep 2020 10:06 AM PDT

    Does the exchange ratio for the bitcoin change according to the service I'm using?

    Posted: 28 Sep 2020 11:16 PM PDT

    I understand they make you pay a fee when exchanging bitcoins for euro. However the exchanging ratio I'm looking at is already different depending on the service I'm using. I remember that luno and coinbase make you pay a fee before exchange bitcoins for euro but the exchanging ratio I've seen before exchanging with these services were already different. Why is that?

    submitted by /u/Crocutcrocuta
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    Could someone help me find my bitcoin transaction ID? Sorry for the noob question. I’ve sent the Bitcoin, however the seller has said I need to provide the ID. Urggg. Thanks.

    Posted: 29 Sep 2020 02:59 AM PDT

    Best way to gift BTC to friends who do have wallets?

    Posted: 28 Sep 2020 09:01 PM PDT

    Title says it all. Bet 20 bucks on a soccer game and (much to my friends dismay) I want to pay him in BTC. He doesn't have a wallet or know anything about crypto -- whats the best way to approach this? Are there apps or websides that do this? Does coinbase have a function to send BTC to people and have it auto-generate a key/address?

    Thanks!

    submitted by /u/mightyduck19
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    Basically only the King is decentralized however centralization in mining can be a worrisome problem

    Posted: 29 Sep 2020 02:37 AM PDT

    Stay in Bitcoin: This Whale Bought $EMN Tokens for $130,548 and Sold for $368 90 Minutes Later

    Posted: 29 Sep 2020 02:20 AM PDT

    What is your reason to buy bitcoin?

    Posted: 29 Sep 2020 02:11 AM PDT

    S2F Model

    Posted: 28 Sep 2020 11:25 AM PDT

    It's happening a lot of discussion in Twitter about S2F Model and PlanB reputation. What is your opinion about the model? Could predict the price in USD based in stock-to-flow?

    submitted by /u/seastonechannel
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