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    Bitcoin Daily Discussion, December 23, 2017

    December 23, 2017

    Bitcoin Daily Discussion, December 23, 2017

    Daily Discussion, December 23, 2017

    Posted: 23 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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    Your price screenshots and repetitive submissions are being removed, so please stop submitting them!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
    [link] [comments]

    Silent troll.

    Posted: 22 Dec 2017 11:34 AM PST

    Hopefully it gets over 20K

    Posted: 22 Dec 2017 06:01 PM PST

    We survived the crash!

    Posted: 22 Dec 2017 02:57 PM PST

    Upvote if you are a survivor of the crash that HODLED

    submitted by /u/Dog_Father
    [link] [comments]

    To the new guys, let's see how tough you really are

    Posted: 22 Dec 2017 05:49 AM PST

    My response to everyone who sold yesterday below 12k

    Posted: 23 Dec 2017 12:09 AM PST

    Silver linings friends....hodl on

    Posted: 22 Dec 2017 06:50 AM PST

    Recovering!

    Posted: 22 Dec 2017 01:40 PM PST

    B U Y T H E D I P

    Posted: 22 Dec 2017 11:10 AM PST

    One Of Us

    Posted: 22 Dec 2017 07:11 PM PST

    Day 3: I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges adding SegWit, Core prioritizes SegWit GUI

    Posted: 22 Dec 2017 11:36 AM PST

    BACKGROUND

    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. You can help by taking one or more of the action steps below.

    ACTION STEPS

    1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit.
    2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail
    3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin

    IMPORTANT NOTE: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange

    SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS

    Exchange Segwit Status Batching Status
    Binance ? NOT READY Yes
    Bitfinex Ready ?
    Bitonic Ready ?
    Bitstamp Deployed Yes
    Bittrex ? Yes
    Coinbase/GDAX NOT READY No
    Gemini Ready No
    HitBTC Ready Deployed Yes
    Huboi ? ?
    Kraken Ready Yes
    LocalBitcoins Ready ?
    OKEx ? ?
    Poloniex ? Yes
    QuadrigaCX Deployed Yes
    Shapeshift Deployed No

    Source 1(https://web.archive.org/web/20171212214514/https://bitcoincore.org/en/SegWit_adoption/)

    Source 2

    WALLETS

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

    SegWit Enabled Wallets Wallet Type
    Ledger Nano S Hardware
    Trezor Hardware
    Electrum Desktop
    Armory Desktop
    Edge iOS
    GreenAddress iOS
    BitWallet iOS
    Samourai Android
    GreenBits Android
    Electrum Android

    TODAY's NEWS/DEVELOPMENTS/VICTORIES

    MEMPOOL/SEGWIT STATISTICS

    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. Avoid burdening the network with any unneccessary transactions for now.

    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.

      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.

      Source

    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.

    Why doesn't the Core Wallet yet support SegWit?

    • The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in

    Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there?

    SEGWIT BLOG GUIDES

    PREVIOUS DAY'S THREADS

    There's lots of excellent info in the comments of the previous threads:

    Edit: Updated Segwit Exchange Status for Binance and HitBTC

    submitted by /u/Bastiat
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    HODL saved my life

    Posted: 22 Dec 2017 02:17 PM PST

    Long story short. I recently was diagnosed with a brain tumor. They told me it was progressing quickly and the only option I had was to get immediate surgery. You ask how hodling helped me? There was about 10 times in my past becoming convinced by internal thoughts and external pressures to get out and help deal with previous debt or to just take gains off the table that would have been gone by now. I believed in the tech since 2013, and did everything to support my family without having to touch those precious coins & their upside which I believed so much in. I made it work, with most help from my wife. Of course this is not possible for some.

    Having held long enough, I was able to cover all the expenses of treatment, and some. Crypto is the reason I get to be typing this message right now. Make smart decisions. HODL wisely. To the moon, whatever that might be. For me, it's getting to walk another day on this earth and cherish every moment with loved ones. Here's my story, hope you can take something from it.

    submitted by /u/sauciestwaters
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    CNBC: Bitcoin party’s over as prices plummet 50%... I mean 40%... I mean 20%.... awe nevermind, party’s still going

    Posted: 22 Dec 2017 03:14 PM PST

    Sellout noobs.

    Posted: 22 Dec 2017 05:15 PM PST

    Ignore the price, ignore bitcoin the money, and understand bitcoin the technology, the invention, and the network it creates. Andreas M. Antonopoulos

    Posted: 22 Dec 2017 07:56 PM PST

    Me while everyone else is selling their coins during a dip

    Posted: 22 Dec 2017 11:18 AM PST

    Noob traders be like

    Posted: 22 Dec 2017 09:56 PM PST

    My Grandfather made me a Bitcoin for Christmas

    Posted: 22 Dec 2017 06:37 PM PST

    Y'all ain't committed.

    Posted: 22 Dec 2017 05:38 PM PST

    Full segwit plus bech32 is coming to the official client

    Posted: 22 Dec 2017 06:50 PM PST

    At least we can feel good about recycling

    Posted: 22 Dec 2017 06:13 AM PST

    To everyone that bough during the dip

    Posted: 22 Dec 2017 02:34 PM PST

    Whatever Fox News is smoking, I want some.

    Posted: 22 Dec 2017 06:10 PM PST

    I got into Bitcoin to get rich.... But

    Posted: 22 Dec 2017 05:02 PM PST

    I don't like investing in anything I don't understand so I went on a learning binge.

    I watched a lot of Antonpolous videos, read the white paper and code lines, articles.

    The success of bitcoin means more to me than my own gain now. I buy any time I can, agnostic of bulls and bears when I have free funds, and I will keep doing it even if I didn't stand to gain.

    There are billions of people counting on this innovation! I will run my node 24/7, and dig out my C++ text books to aid development! I may even buy a miner(not from bitmain), profitable or not!

    submitted by /u/Banana_mufn
    [link] [comments]

    Mom is looking out for me in these difficult times

    Posted: 22 Dec 2017 06:04 AM PST
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