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    Bitcoin Daily Discussion, November 14, 2020

    November 14, 2020

    Bitcoin Daily Discussion, November 14, 2020

    Daily Discussion, November 14, 2020

    Posted: 13 Nov 2020 11:00 PM PST

    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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    I guess you aren't ready for that yet...

    Posted: 13 Nov 2020 11:33 AM PST

    Where you at Peter Schiff?

    Posted: 13 Nov 2020 11:11 AM PST

    According to the inflation calculator the US dollar has lost half it's value since 1990.

    Posted: 13 Nov 2020 06:17 PM PST

    https://www.usinflationcalculator.com/

    No wonder why Bitcoin is doing so well.

    submitted by /u/BlandTomato
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    World's Second Biggest Bank Embraces Bitcoin

    Posted: 13 Nov 2020 09:33 PM PST

    Grayscale aquired additional 15,114 Bitcoins this week.

    Posted: 13 Nov 2020 02:10 PM PST

    haha stupid weaks hands sold this week thinking they could get it back cheaper. nope, Grayscale The Whale loads thousands of Bitcoins to their stack everyday.

    ​

    491,313.232108 BTC as of 11/06/2020

    496,064.450826 BTC as of 11/09/2020 = + 4,751.21

    497,765.333466 BTC as of 11/10/2020 = + 1,700.88

    holiday veterans day = no change

    499,204.605804 BTC as of 11/12/2020 = + 1,439.27

    506,428.129182 BTC as of 11/13/2020 = + 7,223.52

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

    submitted by /u/atrueretard
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    Addressing Bitcoin Criticisms

    Posted: 14 Nov 2020 02:05 AM PST

    If you don't understand why Bitcoin is important, read this article

    Posted: 13 Nov 2020 03:21 PM PST

    This one of the most important articles I have read in a while, props to the writer, Bitcoin has a bright future folks.

    https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f

    submitted by /u/Yauper
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    TODAY Grayscale® Bitcoin Trust reached Half a million Bitcoin - 506K BTC (add another +15K BTC (246 M$) this Week of 9 November 2020 )

    Posted: 13 Nov 2020 01:59 PM PST

    TODAY Grayscale® Bitcoin Trust reached Half a million Bitcoin - 506K BTC (add another +15K BTC (246 M$) this Week of 9 November 2020 )

    A TOTAL OF 506 428 BTCTotal = 506 428 BTC = 531,616,100*0.00095262 = Shares Outstanding * Bitcoin per Share

    +15K BTC (246 M$) this Week of 9 November 2020

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

    As of November 13, 2020

    Grayscale BTC position evolution: https://pro.bybt.com/futures/GrayscalePosition

    ​

    https://preview.redd.it/6xbiwuddy2z51.png?width=600&format=png&auto=webp&s=d68b6d41f21aa2a4f02bffbe5eea8c86caed02ea

    submitted by /u/Chakib_fort
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    Rich Dad Poor Dad Author Says "Buy as Much Bitcoin as You Can Now"

    Posted: 13 Nov 2020 09:37 AM PST

    Bitcoin Archaeology (building old code); Part II

    Posted: 14 Nov 2020 02:40 AM PST

    As I mentioned in my other post, As a learning endeavor, I've been working on building the first 3 versions of bitcoin.exe. Namely version 0.1.0, 0.1.3 and 0.1.5. To try to be true to the original, I'm working on building up an environment as close to the original one used in October 2009. Harder than it might seem.

    Although it isn't known (by me), The two major versions of Windows that were available at this time Windows Vista (Longhorn) and Windows 7. Not really wanting to buy a license for either of these, my choices are to use either archived beta's or jump a bit ahead or behind. I decided to jump ahead to Windows 8 (2012) and use that as by build base. Since I'm using the "Server Core" edition, it may be a bit foreign to most, but I find it works quite well.

    Since I'm using an old OS, its best to run it in a virtual machine just to reduce the heartache of trying to find HW that will run the old SW. I'm use VirtualBox which is available in many different host formats.

    Once I get the OS up and running I install Perl (strawberry), GCC (MinGW) and Bash (MSYS). From there it's pretty much just paint by numbers, though I'm still having trouble in the very last step. Here's, hopefully, a very brief rundown of how to get it working

    Download the files

    At the end of this article I have the links to all the files and their MD5 checksum. They are all archives of one kind or another that have their own checksums baked in. This is just so you can sanity check your downloads. Files not OS or VM related will be pushed to the VM once we get it up and running.

    Building the VM

    I used the default Windows 2012 settings for VirtualBox. Though I did enable port forwarding for RDP (3389) and remote shell (5985). I'd suggest also enabling shared folders to push over the downloads. You will need to take care. I'm running Hyper-V as my guest OS (yes inside a VM) since it's free. To pull this off you have to disable the Hyper-V feature halfway through the install.

    Building OpenSSL

    OpenSSL was the build that originally tripped me up. Turns out it was a bad version of Perl I was using. I switched to Strawberry Perl and everything cleared up. I did have to give up on the optimizations Satoshi outlined in his original code, and just did a plain vanilla build of OpenSSL (disabling the assembler since I don't own one)

    set home=C:\msys\1.0\src\bitcoin-0.1.5 set path=C:\MinGW\mingw32\bin;C:\MinGW\bin;C:\Perl58\bin;%path% set tee=C:\msys\1.0\bin\tee.exe cd /d %home%\OpenSSL call ms\mingw32.bat no-asm 2>&1 | %tee% '%home%\OpenSSL.log'

    Building Berkley

    This looks a bit more tortured than it needs to be. Basically I just need to launch a BASH shell to run the configure script. That bit of extra Kung-Fu is just restoring the PWD.

    set home=C:\msys\1.0\src\bitcoin-0.1.5 set path=C:\MinGW\mingw32\bin;C:\MinGW\bin;C:\msys\1.0\bin;%path% cd /d %home%\DB\build_unix sh --login -c "cd '%cd%';../dist/configure --enable-mingw --enable-cxx" 2>&1 | tee '%home%\DB.log' make.exe 2>&1 | tee -a '%home%\DB.log'

    Building wxWidgets

    It's about as simple as you can get... which is why I'm perplexed that this build seems to have been the root of my current issue. Hopefully I'll find root cause soon.

    set home=C:\msys\1.0\src\bitcoin-0.1.5 set path=C:\MinGW\mingw32\bin;C:\MinGW\bin;C:\Perl58\bin;%path% set tee=C:\msys\1.0\bin\tee.exe cd /d %home%\wxWidgets\build\msw mingw32-make -f makefile.gcc 2>&1 | %tee% '%home%\wxWidgets.log'

    Building Boost

    Buckle up. Boost takes about two hours to build on my VM. The build isn't perfect either. Attempted about 4000 targets, skipped 56, and failed 96 of them. Some of those targets were due to the fact that I didn't install a 64-bit cross-compiler, so I assumed they are expected. The build requires bjam which is in my download list, but it is easy to miss.

    set home=C:\msys\1.0\src\bitcoin-0.1.5 set path=C:\MinGW\mingw32\bin;C:\MinGW\bin;C:\Perl58\bin;%path% set tee=C:\msys\1.0\bin\tee.exe cd /d %home%\Boost bjam\bjam toolset=gcc --build-type=complete stage 2>&1 | %tee% '%home%\Boost.log'

    Building Bitcoin

    Again... looks a bit complicated, but the shuffling of the subst command is analogous to a chroot command in linux. It simply changes where the root directory is. The bitcoin make file looks for the dependencies in the root directory. This is just a way for me to keep them in a subfolder until it is time to build. I doubt this is the cause of my failures, but I can move things around later I suppose.

    set home=C:\msys\1.0\src\bitcoin-0.1.5 set path=C:\MinGW\mingw32\bin;C:\MinGW\bin;C:\Perl58\bin;%path% set tee=C:\msys\1.0\bin\tee.exe if exist s:\ subst s: /d subst s: %home% cd /d s:\ mingw32-make bitcoin.exe -f makefile 2>&1 | %tee% '%home%\bitcoin.log' subst s: /d

    Final Failure

    Although I'm able to get all the dependencies to build, bitcoin.exe is still failing. It starts with some errors on /wxWidgets, and just cascades from there.

    g++ -c -mthreads -O0 -w -Wno-invalid-offsetof -Wformat -g -D__WXDEBUG__ -DWIN32 -D__WXMSW__ -D_WINDOWS -DNOPCH -I"/boost" -I"/DB/build_unix" -I"/OpenSSL/include" -I"/wxWidgets/lib/vc_lib/mswd" -I"/wxWidgets/include" -o headers.h.gch headers.h In file included from /wxWidgets/include/wx/defs.h:21, from /wxWidgets/include/wx/wx.h:15, from headers.h:15: /wxWidgets/include/wx/platform.h:196:22: wx/setup.h: No such file or directory In file included from /wxWidgets/include/wx/platform.h:293, from /wxWidgets/include/wx/defs.h:21, from /wxWidgets/include/wx/wx.h:15, from headers.h:15: /wxWidgets/include/wx/chkconf.h:103:9: #error "wxUSE_DYNLIB_CLASS must be defined." /wxWidgets/include/wx/chkconf.h:111:9: #error "wxUSE_EXCEPTIONS must be defined." /wxWidgets/include/wx/chkconf.h:119:9: #error "wxUSE_FILESYSTEM must be defined." /wxWidgets/include/wx/chkconf.h:127:9: #error "wxUSE_FS_ARCHIVE must be defined."

    Files Used

    I do have the following archived, but you should do the same. You never know when the maintainer will take the old copies down. This happened with perl (ActivePerl) which now requires a membership to access old releases

    MD5 Checksum URL
    257ca8b8ea94ba6afb6417d7f8f6c6f4 https://www.microsoft.com/en-us/evalcenter/evaluate-hyper-v-server-2012
    3eed9c1a02df46408c59444e5ee00b24 https://download.virtualbox.org/virtualbox/6.1.12/VirtualBox-6.1.12-139181-Win.exe
    0b431b557399c1b3948c13c803a22c95 https://downloads.sourceforge.net/gnuwin32/zlib-1.2.3-bin.zip
    a1155c41b1954a2f6da1014c7c1a1263 https://downloads.sourceforge.net/gnuwin32/bzip2-1.0.5-bin.zip
    f2bd5a4ee39d9fc64b456d516f90afad https://downloads.sourceforge.net/gnuwin32/libarchive-2.4.12-1-bin.zip
    6bba3bd1bf510d152a42d0beeeefa14d https://downloads.sourceforge.net/mingw/binutils-2.19.1-mingw32-bin.tar.gz
    3be0d55e058699b615fa1d7389a8ce41 https://downloads.sourceforge.net/mingw/gcc-core-3.4.5-20051220-1.tar.gz
    99059fbaa93fa1a29f5571967901e11f https://downloads.sourceforge.net/mingw/gcc-g++-3.4.5-20051220-1.tar.gz
    f24d63744af66b54547223bd5476b8f0 https://downloads.sourceforge.net/mingw/mingwrt-3.15.2-mingw32-dev.tar.gz
    688866a2de8d17adb50c54a2a1edbab4 https://downloads.sourceforge.net/mingw/mingwrt-3.15.2-mingw32-dll.tar.gz
    a50fff6bc1e1542451722e2650cb53b4 https://downloads.sourceforge.net/mingw/w32api-3.13-mingw32-dev.tar.gz
    8692c3c6967f7530a2ad562fe69781d2 https://downloads.sourceforge.net/mingw/mingw32-make-3.81-20080326-2.tar.gz
    cf95067cc749b00bf5b81deb40a8e16c https://downloads.sourceforge.net/mingw/MSYS-1.0.11.exe
    f7aeebb16dc3b0f19b018506ed743fbb https://downloads.sourceforge.net/mingw/msysDTK-1.0.1.exe
    79b4148f26fb3a7e7c30c8956b193880 http://strawberryperl.com/download/5.8.8/strawberry-perl-5.8.8.2.zip
    4959877a1dde3125cc627b1ed16b5916 https://github.com/bitcoin/bitcoin/archive/v0.1.5.zip
    33eda5d65838279f4dfbb369b7c75fbd https://downloads.sourceforge.net/wxwindows/wxWidgets-2.8.11.zip
    368d680fe87f395f9d161a45d6248f4d https://github.com/openssl/openssl/archive/OpenSSL_0_9_8h.zip
    0582ef9de0cbc9d3ad89598ded6b56b5 https://download.oracle.com/berkeley-db/db-4.7.25.NC.zip
    ac4fcb435257e1c60ec1d06773bbdc18 https://downloads.sourceforge.net/boost/1.37.0/boost_1_37_0.zip
    72615486b39b0b6f5dfa91df531b7f7e https://downloads.sourceforge.net/boost/boost-jam/boost-jam-3.1.17-1-ntx86.zip
    submitted by /u/brianddk
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    The signature is verified even if I add characters to the signature?

    Posted: 14 Nov 2020 12:15 AM PST

    I wrote the message, the address and the signature. Result = signature verified.

    I add x to the message. Result = wrong signature.

    I add x to the address. Result = invalid address.

    I add x to the signature. Result = signature verified.

    Shouldn't the verification fail with an added character?

    submitted by /u/luc1232
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    I'm Australian, should I use an Australian exchange?

    Posted: 14 Nov 2020 03:11 AM PST

    Total noob question, I'm Australian and live in Australia. Please what's the convenience in your opinion of using an Australian exchange rather than binance or kraken? That I can make deposit easily by PayID (NPP/Onsko)? They offer an easier way to "cash out"? (not even sure how to do it, by placing an order for AUD)? Thanks

    submitted by /u/diggableyou
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    A happy song for you this Holiday season from 2015 some of you may remember. [nsfw]

    Posted: 14 Nov 2020 12:00 AM PST

    Belarus’ Largest Bank Launches Crypto Trading Services. The services are available to citizens in Belarus and Russia.

    Posted: 13 Nov 2020 10:07 PM PST

    How Not to Go Insane in 2021-2022

    Posted: 13 Nov 2020 05:59 PM PST

    As a PSA to those who have yet to experience the emotional and psychological extremes of a Bitcoin bull market, I thought I'd share my prescription for maintaining sanity during what is shaping up yet another parabolic market move both up and (inevitably) down. I'm sure many of these will seem obvious to the veterans among us, but this is for those who aren't:

    1. KNOW YOUR PRICE TARGETS: Everyone needs to know ahead of time, what prices are important to them. Whether just for curiosity or your target buy/sell prices, you should know even approximately. You may need to update these weekly, monthly, annually, etc., but the point is, you need them, otherwise you necessarily will impulse buy/sell. If you are some kind of active trader, set your targets based on whatever indicators you use, but both traders and HODLers need targets. Once you've determined your targets, set your alerts, don't watch the price move. Only look when your phone notifies you. Simple. Watching the price is a waste of time. I have both short-, medium-, and long-term price alerts, and I don't waste much time looking at the price beyond occasionally updating my technical analysis charts to hone my price targets.
    2. SET PRICE ALERTS: Download a mobile app onto your phone that allows you to set alerts when the price hits user defined prices. This will allow you to set both UPWARD and DOWNWARD alerts that will keep you from hitting refresh literally every 2 minutes for hours on end. Anyone who has been in one of these crazy market cycles will understand how compulsively the price checking gets. I've missed time with my family and friends during the last cycle over Thanksgiving and Christmas 2017. Set the alerts and don't look at the price until they are triggered, saving you hours of time and the psychological stress. I recommend Blockfolio for this and use it to track all of my purchases and their individual rates of return, dates, spot price, etc.
    3. KEEP YOUR COINS OFF EXCHANGES: This is not only important from a security standpoint, but will also dissuade you from impulse selling or actively trading (unless that's your thing). Some exchanges have limits and wait times for transfers, which will keep you from making stupid trades. Any extra steps you can put between you and impulse will be helpful.
    4. GET A HARDWARE KEY & ROBUST SEED STORAGE: As a corollary to the previous point, a high-quality and simple hardware key directly from a reputable vendor is critical to your peace of mind when holding a substantial sum of tokens. If even modest projections of future prices are accurate, you could be holding 5-7 figures-worth of coins in this wallet over time. Spend $200-300 now to ensure your key(s) are safe. I've been using Ledger Nano S for years and can confidently recommend as far as hardware keys are concerned, and just recently acquired a Cryptotag Zeus to store my BIP-39 seed words, which I've liked so far.
    5. SET UP A DUPLICATE HARDWARE KEY: This is one I haven't seen said anywhere really but is a cornerstone of my basic security strategy. I've set up two Ledger Nano S devices with the same seed phrase and PIN both of which work perfectly normally with the software. In the event I lose my hardware key or my seed phrase is compromised, or both, I can QUICKLY use the backup to transfer funds to a new wallet with no latency that would be required if I had to order a new hardware key. It's crazy simple. Basic instructions can be found here if you have a Ledger.

    I've learned each of these through experimentation and found that I'm most comfortable with it and it works best for me and encourage you all to find what works for you, but everyone has their own preferences. While this surely isn't an exhaustive list, I hope this is at least a little useful to a few of you during what I expect to be a crazy 2021-2022. Happy HODLing!

    submitted by /u/ytb45b
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    Yeehaw! This is the real open letter to Ray Dalio.

    Posted: 13 Nov 2020 04:16 PM PST

    The one million bitcoin Satoshi owned is his last gift to all of us.

    Posted: 13 Nov 2020 07:04 PM PST

    The Largest Bank in Belarus Just Launched a Bitcoin Exchange Service

    Posted: 13 Nov 2020 07:36 AM PST

    Dumb question: can you buy/sell fractions of bitcoin or does it have to be whole numbers?

    Posted: 13 Nov 2020 01:45 PM PST

    Crypto Lender Cred Files for Bankruptcy

    Posted: 14 Nov 2020 02:31 AM PST

    I'm really reducing the balance I hold with a crypto interest payer. I've accepted "not your keys, not your bitcoin" as a risk in return for 6% per annum, but getting more and more concerned about the dodgy collaterolisation of these operators. NB bulk of my bitcoin is stored via a secure wallet.

    submitted by /u/LondonPedro
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    Buy btc without I.d anonymously

    Posted: 14 Nov 2020 02:22 AM PST

    Having problems as have no I.d and wanna buy some btc

    submitted by /u/jakeadl1991
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    Senator elect from Wyoming Cynthia Lummis speaks live on ABC News about Bitcoin. This is it folks, we are in!!!

    Posted: 14 Nov 2020 04:26 AM PST

    "I do hope to bring #Bitcoin into our National conversation…"

    https://reddit.com/link/ju1718/video/ew95di0v77z51/player

    submitted by /u/coinpages
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    Don't despair, You don't have to own 1 BTC if you can't afford it because the reality in the future is different. 1 BTC is a privilege we still get to buy currently

    Posted: 14 Nov 2020 04:16 AM PST

    you realise that in the near future say 10 years bitcoin will become traded not in whole numbers but smaller fractions. It is being now traded with small fractions but even smaller down to the satoshis. 1 BTC= 100 million satoshis. when price of BTC increases to 30k in next 10 years maybe you'll see people trade in just a couple 1000 satoshis. So having 1 BTC tbh at this point is a privilege before another halvening occurs and more instituational investors jump in.

    submitted by /u/bittruthBTC
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    To those who bought Bitcoin for the first time last month...

    Posted: 13 Nov 2020 11:30 AM PST
    Read more
    at

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