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    Bitcoin Daily Discussion, December 22, 2017

    Bitcoin Daily Discussion, December 22, 2017


    Daily Discussion, December 22, 2017

    Posted: 22 Dec 2017 02:00 AM 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!

    Daily threads are fast paced! If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

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    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Bitcoin today

    Posted: 21 Dec 2017 05:52 PM PST

    <---- Number of Hodlers with Strong Hands

    Posted: 21 Dec 2017 07:26 PM PST

    Bought at $19,500 AMA

    Posted: 21 Dec 2017 07:21 PM PST

    shower thought: When it runs up 30% in one week, people beg for a dip. When it dips 30% in one week, people scream that the 'bubble' has popped.

    Posted: 21 Dec 2017 06:48 PM PST

    Quick grab the offer!

    Posted: 22 Dec 2017 12:20 AM PST

    Bahahahahahaha ������

    Posted: 21 Dec 2017 02:53 PM PST

    MRW there's a fire sale

    Posted: 21 Dec 2017 07:29 PM PST

    FACT: Tonight is the FIFTH 30%+ correction of 2017. Calm down

    Posted: 21 Dec 2017 07:42 PM PST

    Why Crypto Crashed Today

    Posted: 21 Dec 2017 08:48 PM PST

    My thoughts on why the entire crypto market just tanked... (tl/dr)

    The people behind B cash thought that this would be the perfect time to launch a full-scale and highly coordinated attack in it's never ending attempt to become 'the one true bitcoin'.

    1) They had that idiot Swede from bitcoin.com come out and announce on every media outlet he was 'selling all his bitcoin, because it's useless'. 2) They then began a well orchestrated FUD campaign that included paid click-farm shills posting everywhere about how Bitcoin will crash there's is the better solution... 3) At the same time Roger, that idiot Swede and others from the Chinese mining groups who collectively hold hundreds of thousands (if not millions) of BTC began dumping just enough to steadily drop the price and reinforce their message... 4) Add in spamming the network with fake transactions to slow things even more...while shouting "See, we're right..."

    ....All timed to be within 24 hours of the Coinbase announcement.

    Clearly a well planned power play and It was clearly successful... (sort of)

    Roger Vers and the Swede and the Chinese miners? They all made a shit ton of money. Maybe you did too if you got out in time so who cares right?

    You should care.... this past week was an important week for all crypto as it was the first week of real Wall Street money coming into the market with CME futures (5x bigger btw then CBOE). It was widely known that many investors would be waiting to see how things went, to see if it was too volatile, too manipulated... And guess fucking what?

    Today Ally Financial announced it has changed it's mind and won't allow its 1m+ customers to trade Bitcoin futures.... people are reading about how corrupt the crypto space is with the Coinbase insider trading scandal... and tomorrow morning they will all wake up to read about how it crashed... And they won't seperate out one coin from another... to them it's all the same and Bitcoin is the leader.

    So... the truth is we will recover but make no mistake, the bullshit greed war that Roger the fucking felon started has set back the entire market as the 'institutional money; we all hoped would flood in is now saying "No fucking way"... That and the Roger cartel dumping of BTC in an attempt to get it closer in market share is why we are tanking.

    Now go on, flame me back... I expect it..I'm happy to provide references to all of the above (or you can google it yourself).

    So realize this.. the threat to crypto is not just from governments or Wall Street or some hacker stealing your shit, it's from greed. Greed from within...

    Or maybe not. What the fuck do I know :)

    submitted by /u/bitradr
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    [SUPER SERIOUS] If someone is depressed by the sudden drop in price, remember that many of us are going through the same thing. Please don't think nothing crazy. You can use my thread to vent if anything I will respond.

    Posted: 21 Dec 2017 06:30 PM PST

    Old holders vs newcoiners

    Posted: 21 Dec 2017 08:53 PM PST

    Over 1 month bitcoin is still up 80+% and you guys are panicking.

    Posted: 21 Dec 2017 06:20 PM PST

    Thanks everyone for the cheap coins.

    submitted by /u/dmglakewood
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    Hodl on to your butts, fellas

    Posted: 21 Dec 2017 07:16 PM PST

    Lightning CEO Elizabeth Stark on Bloomberg, Discussing Lightning Network and the Future of Bitcoin

    Posted: 21 Dec 2017 02:36 PM PST

    So the 10k prediction by the end of the year was correct after all

    Posted: 21 Dec 2017 10:12 PM PST

    We just didnt expect it to happen like that. Lol

    submitted by /u/volcaNo9k
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    Day 2: I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today

    Posted: 21 Dec 2017 06:36 AM PST

    Subhan Nadeem has pointed out that:

    If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again.

    A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions Segwit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy Segwit for everyone ASAP. Let's make it happen.

    Exchanges: Find out if your exchange has deployed Segwit already. If not, politely request that they do so within 30-days or they will lose your business. Sign-up for an account with a Segwit deployed/ready exchange now

    • Bitfinex
    • Bitonic
    • Bitstamp (deployed)
    • Gemini
    • LocalBitcoins
    • Shapeshift
    • HitBTC

    Full list: https://bitcoincore.org/en/segwit_adoption/


    Wallets: Make sure you have a Segwit capable wallet installed and ready to use for your next bitcoin transaction

    Hardware Wallets:

    • Ledger Nano S
    • TREZOR

    Desktop Wallets

    • Electrum
    • Armory

    iOS Wallets:

    • Edge (AirBitz rebranded)
    • GreenAddress
    • BitWallet

    Android Wallets

    • Samourai Wallet
    • GreenBits
    • Electrum

    FAQs

    If I'm a HODLer, will it help to send my BTC to a Segwit address now?

    • No, just get ready now so that your NEXT transaction will be to a Segwit wallet.

    Can you please tell me how to move my bitcoins to segwit address in Bitcoin core wallet? Does the sender or receiver matter?

    • The Bitcoin core wallet does not yet have a GUI for its Segwit functionality. Download Electrum v3.0.3 to generate a Segwit address.

      via HowToToken.com:

      A transaction between two SegWit addresses is a SegWit transaction.

      A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction.

      A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a Segwit Tx if the sending address is a Segwit address.

    Is there a hardware wallet that does segwit addresses?

    • Yes, Trezor supports Segwit by default. Ledger Nano also has support.

    What wallet are you using to "batch your sends"? And how can I do that?

    • Using Electrum, the "Tools" menu option: "Pay to many".

      Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one.


    Segwit blog guides


    Previous Day's Threads

    Edit: added FAQ's to the list, corrections, BitWallet

    submitted by /u/Bastiat
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    I Am Officially a Bitcoin Billionaire

    Posted: 21 Dec 2017 09:56 AM PST

    i was saving this for 20k.

    Posted: 21 Dec 2017 07:29 PM PST

    Glad I’m out

    Posted: 21 Dec 2017 11:21 PM PST

    Of the country for the next three weeks, phone away no checking prices, coins in cold storage waiting for this all to blow over

    HAPPY HODLDAYS

    submitted by /u/bobblehatterguy
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    Latest Bitcoin Core IRC meeting. SegWit wallet is very close.

    Posted: 21 Dec 2017 12:07 PM PST

    A history lesson for the noobs

    Posted: 21 Dec 2017 07:32 PM PST

    Last month starting on Nov 8, Bitcoin dropped about 25% from $7800 to $5800 while being attacked by a forked coin. Turns out that was a buying opportunity. HODL.

    Posted: 21 Dec 2017 10:11 AM PST

    Bitcoin's on sale right now, 25% off from the all time high.

    submitted by /u/satERopl
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    Coinbase customer service. Remastered

    Posted: 21 Dec 2017 04:54 PM PST

    Bcash is centralised sock puppetry - Nick Szabo

    Posted: 21 Dec 2017 11:06 AM PST

    BTC Block 500439 contains 13.01 BTC worth of tx fees, exceeding the 12.5 BTC Block reward. That is approx $200k USD in fees per block.

    Posted: 21 Dec 2017 01:20 PM PST

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