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    Bitcoin Daily Discussion, October 01, 2020

    October 01, 2020

    Bitcoin Daily Discussion, October 01, 2020

    Daily Discussion, October 01, 2020

    Posted: 01 Oct 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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    Last Time There Was a Presidential Debate, Bitcoin’s Price Was $630

    Posted: 30 Sep 2020 01:43 PM PDT

    Finished coding my Raspberry Pi to be a BTC ticker. Updates every second

    Posted: 30 Sep 2020 05:37 AM PDT

    Just got a coldcard - extremely impressed

    Posted: 30 Sep 2020 06:03 PM PDT

    hola,

    been a ledger user since forever. like many i had my shitcoin phase but now i'm pretty much a btc only guy. bitcoin has gotten me more interested in open source and just decided i didn't want to use ledger anymore.

    finally got a coldcard today and i am surprisingly impressed with this thing. the build quality is absolutely fantastic. it was super easy to set up with electrum and now i'm good to go.

    i'm surprised how surprised i am. shoutout to the coldcard.

    submitted by /u/ninjajaguar
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    Another company moving to the bitcoin standard. Gradually then all at once ...

    Posted: 30 Sep 2020 01:51 PM PDT

    "I don’t care about exchange rates, Finance Minister says on plunging Turkish Lira" - If Turkey's economy collapses the EU's and all other EM's will follow.

    Posted: 01 Oct 2020 12:41 AM PDT

    Bitcoin Will Shape Twitter’s Future, Jack Dorsey Says

    Posted: 30 Sep 2020 08:23 PM PDT

    Bitcoin is gaining more and more popularity and the adoption of digital assets is also going great despite the global crisis in the middle of which we are.

    The mainstream adoption of cryptos has been a massive goal that the crypto industry has set and there have been a lot of moves made in this direction so far.

    Now, it's been revealed that the future of social media platform Twitter will be shaped by Bitcoin and its underlying technology, the blockchain, according to chief executive Jack Dorsey.

    Business Insider reported that Dorsey was once again endorsing a decentralized social media standard at a virtual conference that took place on September 25.

    Bitcoin and the blockchain to shape the future of Twitter

    "A lot of our value in the past was around content hosting. So we would host the tweets, the images, and videos," Dorsey stated during the conference.

    He continued and said: "Blockchain and bitcoin point to a future, and point to a world, where content exists forever, where it's permanent, where it doesn't go away, where it exists forever on every single node that's connected to it," the billionaire told Human Rights Foundation president, Thor Halvorssen.

    According to the same online publication mentioned above, Dorsey's revolutionary conceptualization of open, decentralized social media has the following important goal: to transform the company's relevance as a "content hosting" platform.

    "Right now we're in the phase of finding a leader for it, but this is a completely separate non-profit from the company," he said.

    He continued and explained, as cited by the online publication mentioned above that "This group will be tasked with building a protocol that we can use and everyone else can use."

    We recommend that you check out the complete article in order to learn more details.

    Regarding the price of Bitcoin today, at the moment of writing this article, the king coin is trading in the green and it's priced at $10,722.08.

    submitted by /u/cryptoanalyticatech
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    Backwards compatibility (no hard forks) was critical for creating a global networking standard. Happy 40th Birthday to "The Ethernet"! Packets from this spec (1980) are still interoperable with today's Ethernets.

    Posted: 01 Oct 2020 01:07 AM PDT

    Bitcoin Art: Key To The Future ��

    Posted: 30 Sep 2020 04:46 AM PDT

    When 2012 Presidential Debate Took Place, Bitcoin’s Price Was $12

    Posted: 01 Oct 2020 12:53 AM PDT

    When 2012 Presidential Debate Took Place, Bitcoin's Price Was $12

    And when the 2008 presidential debate took place, Bitcoin's price was a few cents!

    And when the 2004 presidential debate took place, Bitcoin didn't exist!

    Super bullish! BUY BUY BUY! Let's hope for next presidential debate!

    ----------------

    Edit:It was $11, not $12.

    https://preview.redd.it/8cdr1zb6tfq51.png?width=1138&format=png&auto=webp&s=a9483cdc8f9a6622aaa433338c2cf9f99a89882f

    submitted by /u/RedPill43
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    If Bitcoin’s Price Is Stagnating Right Now, the Real Signal Is Its Fundamentals That Are Skyrocketing

    Posted: 30 Sep 2020 07:19 AM PDT

    Don't do it mate

    Posted: 30 Sep 2020 10:44 PM PDT

    Stats showing More than 50M Bitcoin Wallets Worldwide in 2020

    Posted: 30 Sep 2020 05:23 PM PDT

    At which adoption figure in this growth cycle will crypto be irreversible, and the standard in every form of economic interaction, or are we there already.

    submitted by /u/WhalesHeavenExchange
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    Coinbase

    Posted: 01 Oct 2020 12:47 AM PDT

    I'm a millionaire and I plan to leave $100,000 in bitcoin in Coinbase for the next 3 years and not touch it again. How safe am I that my bitcoin will still be there and safe in 3 years? 99.9%? $100,000 is not a lot to me to lose sleep over, I can take the loss. I don't see an issue with me leaving $100,000 in there for 3 years. I know I'm not supposed to, but is the chance of something happening less than 1 out of 1,000? If the chance is that low, I'm just going to do it.

    submitted by /u/throwaway761575
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    BTCPay-powered GitHub Donations

    Posted: 30 Sep 2020 08:59 AM PDT

    Quickest easiest way to buy 1 btc right now in uk?

    Posted: 30 Sep 2020 04:47 PM PDT

    What is the easiest and quickest way to buy btc in uk . Non kyc preferred but will do it if really necessary

    submitted by /u/K88ZTP
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    Tool for creating QR codes for my business invoices?

    Posted: 30 Sep 2020 12:50 PM PDT

    I run a civil engineering business in the US, and have been including a note on my invoices that I accept crypto and there's a 10% discount if they pay in crypto. Unsurprisingly, I've had no takers (since 2013!) I'm thinking maybe it'd be a good idea to include a QR code on each invoice, a payment QR code to a wallet, in the amount of 10% less than the invoice. The QR code would provide visibility (no one reads fine print) and if someone scans it it would take them to the edge of the crypto rabbit hole.

    Is there a good tool for doing this? I imagine the wallet for the code would have to be a BTC wallet, but if they called me and wanted to pay in some other currency, I could set it up. The tool would need to run on PC, since I create my invoices in Excel.

    submitted by /u/Spirited_Passenger
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    Youtuber promoting bitcoin banned

    Posted: 01 Oct 2020 03:23 AM PDT

    Bitcoin influencer Davinci Jeremie's YouTube account has been permanently deleted. Your thoughts on this?

    submitted by /u/envison
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    Best way to connect Lightning node to others?

    Posted: 30 Sep 2020 01:19 PM PDT

    Do I simply purchase things? Tip people? Is there a list of popular channels to connect to?

    submitted by /u/messiahsk8er
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    Trading Bitocoin ideas?

    Posted: 01 Oct 2020 02:45 AM PDT

    Hey guys, I started getting into bitcoin since the beginning of March and i've read/experienced how volatile it can be. I firstly planned to just buy a full coin and hold on to in the long term as I believe it has a lot of growth potential. But then I realised I could be doing shorter term trades and make more money.

    I know my strategy will not be the safest as I will buy once it dips and sell when it stagnates again (unless it breaks out of resistance zone etc.)

    I was hoping one of you more experienced traders could give me some advice on my strategy or some info on the fundamentals of short term bitcoin trades.

    I am a bitcoin noob basically so I am all ears.

    Thanks

    submitted by /u/XxHaramishxX
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    MicroStrategy Increases Bitcoin Holdings – What Does This Mean?

    Posted: 30 Sep 2020 12:48 PM PDT

    Bitcoin Optech Newsletter #117

    Posted: 30 Sep 2020 06:23 AM PDT

    How to cancel unconfirmed transaction? About to lose my coins.

    Posted: 30 Sep 2020 02:47 PM PDT

    Hi All,

    I have made a rookie error and send some coins to an address I can't access. The transaction is unconfirmed and from some quick research it seems I may be able to do a double spend with higher TX fee to send the coins to a different address but I cannot find any way to do this.

    I'll only lose about £100 so it's not the end of the world and a lesson hard learnt but would be nice to save it.

    EDIT: Too late, it's started confirming to an address I no longer have access to. If anyone does have a how-to for it I'd be interested anyway.

    submitted by /u/rockinron_1
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    Tax on crypto?

    Posted: 01 Oct 2020 12:43 AM PDT

    I live in New Zealand and just got an email from my crypto exchange that I need to declare to the IRD (IRS in New Zealand) I was wondering if any other countries have some sort of capital gains tax on crypto's and how they can even prove how much of said asset I have if it's out of government control? I'd like to hear some feedback on this

    submitted by /u/lekke03
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