Welcome to the October 2020 edition of Reddit Roundup by Nik and Turn around from Bitcoin Magazine!

This post contains 37 links to most of the best quality content uploaded to Reddit this month. Most links are from the popular r / bitcoin, but we’ve also pulled posts from other forums, such as r / BitcoinMining.

In this collection, there are 10 different categories that organize each link: privacy, adoption, development, security, mining, business, education, regulation and politics, archeology (financial incumbents) and, last but not least, memes, fun and others.

October rebounded to optimism where September left off, especially in price. Community confidence in BTC has continued to be strong, with many anticipating a sharp price hike and many bulls calling for a new record before the end of the year. Time will tell.

The adoption by the institution of bitcoin as a treasury reserve remains the hottest topic in the space as Square joined MicroStrategy and bought $ 50 million worth of BTC. These were just two of the many dominoes that would fall for Bitcoin – Stone Ridge Asset Management also revealed its $ 115 million Bitcoin investment.

This was especially interesting because many of the company’s employees were Bitcoiners and already owned BTC, which would make their company’s auditors look more closely at it. All these big institutions coming into space make us think … Apple just released that $ 191.83 billion in cash is available and you have to wonder, so when will Apple buy Bitcoin?

As time goes on, more and more of the existing financial institutions are changing their minds about Bitcoin, and we saw that they were quite noisy about it this month. A former Goldman Sachs chief hedge fund manager has made a $ 1,000,000 BTC prediction. This goes hand in hand with JP Morgan Chase who also recently spoke affectionately about Bitcoin. It looks like the Wall Street firms are starting to give up the battle they couldn’t have won in the first place.

In addition, legendary hedge fund manager Paul Tudor Jones has indicated that he likes Bitcoin even more now than before, and that this bull market is still in the first inning.

A recap of Bitcoin stories in October 2020

Privacy

The next Bitcoin upgrade will support Tor V3 addresses (10/12)

Adoption

Elon Musk has a Bitcoin ATM at the Gigafactory (10/11)

The Bitcoin guys have a perspective of true liberation from America and humanity (10/26)

Hong Kong Island today (10/29)

Development

Bitcoin Optech Newsletter # 119 (10/14)

Pieter Wuille’s Merged PR: Implement BIP 340-342 Validation (10/15)

Bitcoin Breaks Above USD 12,000 For The First Time Since Sept. 1; Traders anticipate a bull run (10/20)

Don’t Sleep on Lightning – LN Development Progress & Future (10/30)

Safety

US Anti-Encryption Bill Forces Companies To Build Security Holes In Apps / Hardware, And Some Securities Will Spill Over To The Bitcoin World (10/12)

Call me Ishmael: 8 Bitcoin Brain Wallets were created using passphrases from popular works of fiction. All funds were quickly wiped out and in one case the funds were withdrawn within 0.67 seconds – BitMEX investigation (10/13)

Multisig comes to blue wallet (10/14)

Mining

Bitcoin Mining: Beginner’s Guide (10/29)

Company

Square just announced that they have purchased $ 50,000,000 worth of Bitcoin (10/8)

Stone Ridge unveils $ 115 million Bitcoin investment as part of multi-billion dollar spin-off (10/13)

Ali Hamam explains why his company converted reserves into Bitcoin (10/14)

Another: Mode takes over Bitcoin as a treasury reserve (10/21)

I bought a used truck for .215 Bitcoin! (10/30)

Education

An introductory guide to Bitcoin TAPROOT (10/20)

Best Bitcoin Lightning Network Wallet Options for New Users (10/23)

How to Sponsor Bitcoin Core Developers and Why This Matters (10/29)

Regulations and politics

Nigerians fund protest through Bitcoin (10/14)

Iran is changing the law to use Bitcoin for imports (10/29)

Also see

Reddit Roundup - June 2020

Archeology (financial incumbents)

Former Facebook executive says Bitcoin is an insurance policy against the dollar (10/12)

Bank of England prepares for negative interest rates – HODL (10/12)

Bitcoin flips Bank of America and enters the top 30 assets by market value! (10/18)

A Former Goldman Sachs Hedge Fund Chief Has Predicted Bitcoin Is About to Rise to $ 1 Million – Here’s Why (10/19)

Billionaire Hedge Fund Manager Paul Tudor Jones Says He Loves Bitcoin Even More Now, Still Rallying in the ‘First Inning’ (22/10)

Memes, fun and other

Fiat Standard vs Bitcoin Standard (10/6)

Where it all started! The first Bitcoin transaction from Satoshi to Hal on January 11, 2009 (10/12)

Adjusted my RaspiBlitz display! (10/12)

This is Africa (10/13)

I like a good Monday pump 😃 (10/19)

I was wondering in Canary Wharf, London today and saw this on my travels (10/19)

After seven years in Bitcoin, I have never been more sure that this network is now absolutely unstoppable (10/20)

Worthless banknotes are used to make handbags in Venezuela – that’s why Bitcoin is so important! (10/21)

Any HODLer when they woke up and check their portfolio (10/23)

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