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    Bitcoin Daily Discussion, October 31, 2020

    October 31, 2020

    Bitcoin Daily Discussion, October 31, 2020

    Daily Discussion, October 31, 2020

    Posted: 31 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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    Happy 12th Birthday BTC !

    Posted: 30 Oct 2020 05:08 PM PDT

    After selling btc at 10k ��‍♂️

    Posted: 30 Oct 2020 10:11 AM PDT

    High of 2019 beaten

    Posted: 31 Oct 2020 02:59 AM PDT

    Bitcoooooooooooooin!

    submitted by /u/At0m11c
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    I finally achieved my goal of 0.021 BTC !

    Posted: 30 Oct 2020 09:55 PM PDT

    Took me a full year of saving and a few stressful trades but I made it to my goal. Not much but it's a start!

    Remember - not your keys, not your coins.

    Stay well everyone!

    What are your crypto goals?

    submitted by /u/internet_random
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    Iran's central bank will now legally hold all Bitcoin used for imports/exports allowing them to bypass USD

    Posted: 30 Oct 2020 09:51 PM PDT

    Can you feel it ?

    Posted: 31 Oct 2020 03:12 AM PDT

    Biggest monthly close in Bitcoin history!!

    Posted: 31 Oct 2020 01:33 AM PDT

    If we close today above $13,880.00 then it will be the biggest monthly close in Bitcoin history!!

    LET'S GO!!

    submitted by /u/jeremysanders922
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    The Bitcoin white paper abstract made from USD. Happy 12th birthday!

    Posted: 30 Oct 2020 09:07 PM PDT

    I hate spending money...

    Posted: 31 Oct 2020 03:52 AM PDT

    Just wondering if this is a "bitcoiner" trait or any likeminded people out there. I've always been a saver, and ever since becoming involved in bitcoin for a few years back, I've been appealed to the self-sovereign, store of value, philosophy. I've always just put my leftovers of my paycheck in bitcoin. Every time I contemplate spending money for something I don't really need (outside of food, rent, transport, bills etc.) I've always asked myself, "Do I really need xyz, or can I put that extra money toward bitcoin?"

    Basically every month, 3 things happen on payday: 1. I pay off my monthly credit card in full (since all my expenses and bills are on a cc), 2. I pay my monthly rent (since it cannot be paid on credit), and 3. I put all the leftovers in a savings account and/or in bitcoin. Then I repeat this every month at payday. I have 2 numbers to review each month, how much I spent on my cc, and how much I saved/put in bitcoin as leftovers.

    I've been doing this since 2017, since the last bullrun, and I've had no desires to ever sell since then. I don't care about trading, I want to be self-sovereign, without relying on government policy/spending, I don't want to see my money rot away in a savings account as I hold my wealth for the many years to come.

    submitted by /u/brando2131
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    ‘Cash Is Trash,’ So Let’s Bet $425 Million on Bitcoin

    Posted: 30 Oct 2020 07:12 PM PDT

    Crypto tracker widget/app I´m working on

    Posted: 30 Oct 2020 10:16 AM PDT

    why did Bitcoin go up today even tho the stock market went down? I'm glad you ask, its because Grayscale ETF bought 5,190 BTC today

    Posted: 30 Oct 2020 02:47 PM PDT

    grayscale bitcoin ownership +added bitcoins that day

    465,196.251699 BTC as of 10/16/2020 = +8,659.05

    465,307.212256 BTC as of 10/19/2020 = + 110.96

    465,420.277404 BTC as of 10/20/2020 = + 113.06

    465,500.039475 BTC as of 10/21/2020 = + 79.76

    466,591.246521 BTC as of 10/22/2020 = + 1,091.20

    467,280.740948 BTC as of 10/23/2020 = + 689.49

    467,511.015376 BTC as of 10/24/2020 = + 230.27

    471,924.518340 BTC as of 10/27/2020 = + 4,413.50

    473,139.841716 BTC as of 10/28/2020 = + 1,215.32

    473,861.168652 BTC as of 10/29/2020 = + 721.32

    479,052.150352 BTC as of 10/30/2020 = + 5,190.98

    source: https://grayscale.co/bitcoin-trust/

    ​

    Bitcoin no longer follows stocks. Bitcoin will go up regardless of what stocks, ect do. To da moon!

    submitted by /u/atrueretard
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    Average Joe's wallet.

    Posted: 31 Oct 2020 02:06 AM PDT

    I'm an average working guy. I DCA every week and put in only what I can afford to. If I have any extra money (which is not too often) I buy the dips. Here's my question. How much BTC do you think is in the average working Joe's wallet and what is a good goal to strive for? I'm relatively new to the space. Thanks.

    submitted by /u/quigleydude
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    Bitcoin is approaching new highs - Only 41 days have been higher

    Posted: 30 Oct 2020 05:32 PM PDT

    Proud to use this customized card everywhere. Indirect marketing to future HODLers.

    Posted: 30 Oct 2020 03:49 PM PDT

    Applies good here too

    Posted: 31 Oct 2020 03:12 AM PDT

    Gazprom Russian Bank to Offer Bitcoin Custody and Trading in Switzerland

    Posted: 31 Oct 2020 03:46 AM PDT

    don't lose your bitcoin

    Posted: 31 Oct 2020 01:54 AM PDT

    "Every Time Bitcoin Has Been Challenged, It Comes Back Stronger" Says Michael Sonnenshein of Grayscale on CNBC...

    Posted: 30 Oct 2020 11:46 PM PDT

    Dramatic Reading of Bitcoin's Whitepaper

    Posted: 30 Oct 2020 09:10 PM PDT

    Wanted to make the white paper more accessible to newbies and HODLers alike.

    ...Based on some crypto twitter comments it seems some have never actually read the white paper!

    ​

    So I got someone to edit it with music and pictures and some comedic timing to make it more fun :)

    Bitchute:

    https://www.bitchute.com/video/nSSNNQw2nzXk/

    Streamanity:

    https://streamanity.com/video/vxhvUWtjCXHZ

    YouTube:

    https://www.youtube.com/watch?v=cMQKFDBjBoA

    submitted by /u/MelissaRichelle
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    Interesting wrapped article from UK

    Posted: 30 Oct 2020 07:25 PM PDT

    Warning! Ledger scam text message going around

    Posted: 30 Oct 2020 05:50 PM PDT

    I just got a text message (!!) Saying ...

    Dear (my real full name) Please visit us-ledger.com site to update Ledger firmware as the old one has a bug with the risk of losing assets

    This is a scam. It is not the real ledger site. If you click on that link (DONT DO IT) you will see it takes you to a site designed to look exactly like Ledgers site.

    If you download that firmware.... Youre going to lose it all.

    Careful out there. Trust no one.

    submitted by /u/blarghusmaximus
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    Central banks will buy bitcoin, we told you so

    Posted: 30 Oct 2020 09:46 AM PDT

    Central bank coins and "coin contracts"

    Posted: 30 Oct 2020 11:23 PM PDT

    Don't get too excited about central banks issuing their own cryptocurrencies. There are some obvious reasons why banks and nations want to have state-backed cryptocurrencies, and it's not "financial inclusion".

    For one, central bank coins won't be coins like Bitcoin, nor tokens like on Ethereum. They'll be contracts. So, for example, you own 1 digital Euro-coin, but it's really a contract for 1 digi-Euro. Meaning, the issuer of the contract (the central bank) can stipulate that you must pay an arbitrary amount of interest on your contract. The issuer can withdraw this interest from your wallet without you being able to do anything about it. I mean to say that such central bank coins automatically lose a % per year by sending it back to the central issuer.

    This, to me, is a terrifying dystopian outlook. Sure, banks won't be able to do this with Bitcoin. Bitcoin is solid. But coin-contracts, where a coin is a contract, open up a whole new world of state crimes against the people. Your funds can be seized or frozen with great ease.

    Such a bank-coin obviously has to run on some kind of platform, and currently, the sort of platforms that may support his type of contract-with-interest-coin schemes are for example Ripple or Ethereum. I suspect Ripple may be the platform of choice for banks and governments.

    Secondly, once all people's savings have been moved to such a digital coin platform, nations and banks can stop issuing paper/physical currency. We shall have the cashless society. And you know what will happen next? You must obey, you must work for your slavery, you must echo the right opinions, or you will be excluded from the financial system.

    This has already happened to some far-right extremists like Laura Towler, Martin Sellner etc. They lost all of their bank accounts + funds without notice. See 'How corporations can delete your existence'

    https://unherd.com/2020/10/how-corporations-can-delete-your-existence/

    One more reason why Bitcoin-like crypto is so important. I hope the more subversive elements in this community will continue building an alternative financial system, so that we may all transact with one another off-the-grid.

    submitted by /u/iamnobodysfriend
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