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    Bitcoin Mentor Monday, February 08, 2021: Ask all your bitcoin questions!

    February 08, 2021

    Bitcoin Mentor Monday, February 08, 2021: Ask all your bitcoin questions!

    Mentor Monday, February 08, 2021: Ask all your bitcoin questions!

    Posted: 08 Feb 2021 03:00 AM PST

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    Daily Discussion, February 08, 2021

    Posted: 07 Feb 2021 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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    Truer words were never written.

    Posted: 07 Feb 2021 03:17 PM PST

    Is it possible to RETAIN this power?

    Posted: 07 Feb 2021 06:33 AM PST

    Some guy at the weed shop told me to buy into bitcoin 8 months ago

    Posted: 07 Feb 2021 11:34 PM PST

    This was way back in July when BTC was around 8k a coin. I met this dude at my local medical marijuana dispensary and we got to talking about money and investing. He wouldn't shut the fuck up about Bitcoin and how we all need to invest our money into it while it's low. The last thing he said before he left was "I promise you won't regret it". He spoke with alot of clarity and certainty, so that interaction stuck with me. The next few days I did my due diligence on researching Bitcoin and decided to toss around $1600 into it just to test the waters. I also called my dad, and somehow by the grace of of God, convinced him to invest into BTC. He bought 5k worth.

    Fast forward to today and my dad and I both have more than doubled our investments. We've both since been investing more money into BTC and we follow it pretty closely. My dad is very happy with his BTC investment and I feel like a proud son for introducing him to it. And don't worry....we HODL. We see it being a retirement fund situation.

    To that guy at the weed shop who told me to invest into BTC, thank you. Your advice not only has helped double my networth, but you helped strengthen my relationship with my father.

    *Edit: It just occurred to me that the guy who was raving all about Bitcoin and told me to invest in it probably has made a ton of money from BTC since. He really believes in Bitcoin and spoke of it with conviction. He opened my eyes to a whole new world of currency. I'm sure he's sitting on an extremely generous profit. I'm happy for that guy.

    submitted by /u/yeeyeesuckinteets
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    Friendly reminder of the biggest shit-coin of all time

    Posted: 07 Feb 2021 01:37 PM PST

    Glass Bitcoin Pendants I made the other day. Cheers!

    Posted: 07 Feb 2021 06:59 PM PST

    Bitcoin secures your individual freedom.

    Posted: 07 Feb 2021 07:21 PM PST

    Lightning is Growing & Becoming Profitable

    Posted: 07 Feb 2021 08:39 PM PST

    1 USD = ~2550 satoshi

    Posted: 07 Feb 2021 07:10 PM PST

    A year ago 1 USD = ~9,925 Satoshi's

    submitted by /u/qualitycannabisnw
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    Bought my kids a new bedtime story

    Posted: 07 Feb 2021 01:45 PM PST

    Lol. What a stupid argument. Love the replies

    Posted: 06 Feb 2021 05:21 PM PST

    Hodl

    Posted: 07 Feb 2021 10:26 AM PST

    Lads and Gents, fasten your seatbelts �� Ricardo Pliego changed his Twitter to Bitcoin ... Oh and by the way, Ricardo is the 3rd wealthiest guy in Mexico

    Posted: 07 Feb 2021 05:28 AM PST

    Most of us won't really know Ricardo Salinas Pliego (a Mexican billionaire, $13.5B, TV broadcaster). However, in Central and South America this guy is a legend and Bitcoin supporter. And South America is craving for change, big times, in particular financial and currency system changes! The economy and fiscal system in so many South american countries is just really fucked up.

    So Ricardo Salinas Pliego spreading his bullish sentiment and trust on Bitcoin is just tremendously big!

    A few weeks ago, he posted this tweet that perfectly summarizes everything bout South americas fiscal issues (translated to English): "To start with Bitcoin, I share with you a video taken in a Latin country where banks throw money in the trash (paper money is worthless) that's why it's always good to diversify our investment portfolio"

    And I guess I don't have to mention that Ricardo might also get one or two Bitcoins for him and his family too.

    Sauce: https://decrypt.co/56900/mexicos-third-wealthiest-man-changes-twitter-bio-to-bitcoin

    submitted by /u/nicoznico
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    Delete Coinbase, donate whatever is left to Animals for free (Coinbase to Coinbase address)

    Posted: 08 Feb 2021 12:53 AM PST

    Deleting Coinbase, but first, all amounts left I donated to this animal shelter. Coinbase to Coinbase account was free.

    ​

    https://www.sterlingshelter.org/animal-shelter/bitcoin-and-cryptocurrency-donations/

    submitted by /u/NearbyTurnover
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    Bitcoin Superbowl LV Ad 2021 - Fan Made Commercial

    Posted: 07 Feb 2021 07:45 PM PST

    SLP250 Andrew Henderson – Nomad Capitalism for Bitcoiners

    Posted: 08 Feb 2021 03:59 AM PST

    MicroStrategy’s Michael Saylor Promoted Bitcoin to more than 6,900 Enterprises

    Posted: 07 Feb 2021 08:22 AM PST

    History ��. [A MUST READ]

    Posted: 08 Feb 2021 02:19 AM PST

    On 18 August 2008, the domain name bitcoin.org was registered. Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list.

    This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".

    On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins. Embedded in the coinbase of this block was the text:

    The Times Jan/03/2009 Chancellor on brink of second bailout for banks. The text refers to a headline in The Times published on 3 January 2009. This note has been interpreted as both a timestamp of the genesis date and a derisive comment on the instability caused by fractional-reserve banking

    The first open source bitcoin client was released on 9 January 2009, hosted at SourceForge.

    One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (bloc 170).Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.

    In the early days, Nakamoto is estimated to have mined 1 million bitcoins.[25] Before disappearing from any involvement in bitcoin, Nakamoto in a sense handed over the reins to developer Gavin Andresen, who then became the bitcoin lead developer at the Bitcoin Foundation, the 'anarchic' bitcoin community's closest thing to an official public face.

    The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.

    On 6 August 2010, a major vulnerability in the bitcoin protocol was spotted. Transactions weren't properly verified before they were included in the transaction log or blockchain, which let users bypass bitcoin's economic restrictions and create an indefinite number of bitcoins. On 15 August, the vulnerability was exploited; over 184 billion bitcoins were generated in a transaction, and sent to two addresses on the network. Within hours, the transaction was spotted and erased from the transaction log after the bug was fixed and the network forked to an updated version of the bitcoin protocol. This was the only major security flaw found and exploited in bitcoin's history.

    submitted by /u/Still_Investor154vv
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    We Don't Need Them!

    Posted: 07 Feb 2021 05:07 PM PST

    All these billionaires who are advocating for bitcoin lately has honestly been a bit nauseating to see. These are the people whom have profited the most in the fiat world and did so on the backs of the working class folks for decades who see an opportunity to try to get us to look at them in a positive light because they have a #bitcoin in their Twitter profile? Give me a break! They are not our friends.

    The reality is that main st beat Wall St. to the bitcoin revolution and the revolution is here for us, not the billionaires. We don't need them for this to work and they will soon come to realize that by promoting bitcoin it will only expedite the new reality that the truly powerful of the new world are the ideologically aligned bitcoin holders that won't sell to those kinds of folks regardless of the fiat price. We already won and they're just like Wile E. Coyote who ran over a cliff but just hasn't looked down yet.

    submitted by /u/BitcoinCanSaveUsAll
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    Bill Miller’s Hedge Fund Looking To Invest In Grayscale Bitcoin Trust

    Posted: 08 Feb 2021 03:15 AM PST

    CoinBase shady AF. Hit you with lowball btc price and fee.

    Posted: 08 Feb 2021 01:03 AM PST

    Scam Alert �� Elon Musk is NOT airdropping any Bitcoins!

    Posted: 07 Feb 2021 08:26 AM PST

    I am sorry if this has been posted before, but lately and especially in the past 2 hours, several users on Reddit have been spreading this SCAM all over the place!

    There is no give away organized by Tesla nor Musk

    The linked website is well made and looks quite professional. But fake!

    It is still all fake and a scam

    Whenever you have to send ETC or BTC in order to get twice the amount back, consider it as Scam.

    Take care guys!

    submitted by /u/nicoznico
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    How to Bypass Bitcoin Ban

    Posted: 08 Feb 2021 02:07 AM PST

    Robinhood blocking me to sell my bitcoin

    Posted: 07 Feb 2021 06:18 PM PST

    Anyone experiencing this issue?

    submitted by /u/vantex502
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    Coinbase

    Posted: 08 Feb 2021 03:10 AM PST

    I was about to buy cryptocurrency on coinbase. Now when i went to the payment it says my bank doesnt allow me to buy... Is there an other way to buy with my credit card? Im located in belgium. Also im totally new to this and i did do some research...

    submitted by /u/yenske444
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