Bitcoin Daily Discussion, December 29, 2017 |
- Daily Discussion, December 29, 2017
- Today marks 1 month since Bitcoin first hit $10,000.
- My gift to the community... Enjoy.
- Brother painted this after watching his friends check the value of bitcoin every 5 seconds for the last two weeks
- Bitcoin Core is preparing / planning the version scheme for 0.17 - For those interested in "non-price / FUD " articles
- He chose PayPal!
- I wrote a guide for Windows users to be able to setup a Lightning Network Node. It's pretty easy, try it!
- Why Schnorr signatures will help solve 2 of Bitcoin’s biggest problems today
- Bitcoin exchange chief kidnapped as he leaves work
- CNBC catches up to the rest of us regarding Bitcoin and shitforks
- $5,000,000 in Bitcoin donated to a Universal Basic Income experiment!
- Breaking down the FUD: A Closer look at Recent Korean News
- Will Bitcoin's Lightning Network Kill Off Altcoins Focused on Cheap Transactions?
- App organization is key to mindset
- so the fud on reddit is basically just from people who are just getting into this and don’t really know what they’re talking about?
- South Korea's Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban
- People selling gold for Bitcoin, said my local gold dealer
- Selling a car for BTC - getting weird requests
- Bitcoin Year In Review and 2018 Predictions!
- If a mania goes on long enough, it becomes self-fulfilling. Even after a crash, what follows is a legitimate industry-Tech legend Roger McNamee
- Bitcoin Accepted at Vegas Strip Club for NYE Party, Strippers Can Take Transfers During Dances
- LN is amazing guys, can't believe it's almost coming, i can't wait!
- I didn't reach the moon but Bitcoin provided me with a safe landing.
- The mysterious bitcoin tycoon who promised to give away an $86 million fortune just made another donation
- Only 21 pixels to go!! - C'mon 70-100 - Use lower fees!!
- Good to see CNBC getting their facts straight.
| Daily Discussion, December 29, 2017 Posted: 29 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. Suggested Topics
Your price screenshots and repetitive submissions are being removed, so please stop submitting them! Please check the previous discussion thread for unanswered questions. [link] [comments]  | ||
| Today marks 1 month since Bitcoin first hit $10,000. Posted: 28 Dec 2017 06:42 PM PST
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| My gift to the community... Enjoy. Posted: 28 Dec 2017 09:01 PM PST Humbly I gift my eBook to the entire community for free. No strings attached. May this information help you help your loved ones and yourself to prepare for 2018. Feel free to share it with whoever you think could benefit. "Practical Guide to Bitcoin Investment 2018 - Helping the Early Adopters" Full PDF uploaded to docdroid. Enjoy the read. http://docdro.id/6acfHMo [link] [comments]  | ||
| Posted: 28 Dec 2017 05:49 PM PST
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| Posted: 28 Dec 2017 12:33 PM PST
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| Posted: 28 Dec 2017 11:04 PM PST
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| Posted: 28 Dec 2017 06:52 PM PST
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| Why Schnorr signatures will help solve 2 of Bitcoin’s biggest problems today Posted: 28 Dec 2017 10:29 PM PST
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| Bitcoin exchange chief kidnapped as he leaves work Posted: 28 Dec 2017 01:13 PM PST
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| CNBC catches up to the rest of us regarding Bitcoin and shitforks Posted: 28 Dec 2017 07:12 PM PST
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| $5,000,000 in Bitcoin donated to a Universal Basic Income experiment! Posted: 28 Dec 2017 05:12 AM PST
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| Breaking down the FUD: A Closer look at Recent Korean News Posted: 28 Dec 2017 06:55 AM PST I am doing this again, because I hate seeing people get fooled over and over by these horrible news articles that are obviously preying on misconceptions by people in other cultures. So I am here to break down exactly what the recent Rueters article is trying to do to people who don't understand how the Korean banking system works. Now, before I moved to Korea, I too was naïve about their banking practices. If I saw an article saying "The steps will include a ban on opening anonymous cryptocurrency accounts and new legislation to allow regulators to close virtual coin exchanges if needed" I too would be confused by misunderstanding. But, what exactly does this mean? Opening cryptocurrency bank accounts? How does that happen in Korea? In America, I only have 1 bank account. Maybe two. And how do I open one anonymously? What Reuters is doing, and it knows it, is failing to explain Korean banking systems in general. So, in Korea, it is very common for businesses to open temporary bank accounts for customers. These are called "virtual bank accounts." They are not real or tied to any specific name. "Virtual" (this is important to understand) Often, these bank accounts are open for only 24 hours, and they are anonymous. People can go to the ATM, transfer the exact amount to that account, and pay for items online. Even Gmarket allows users to do this. It is another, easy way to pay for things securely, online. Now, Bithumb allows this as an option (one of several) in order to deposit Won into their website. These bank accounts are generated on the spot, and are only open for 3 hours. In that span, you can go to an ATM, send your Won to your anonymously generated bank account, and it will show up on Bithumb. You can also issue a "virtual" account that is linked to your actual bank account, and takes additional verification processes. I am not sure how Korbit/Bithumb do this, but I do have a "virtual account" with them, but it is linked directly to my name, which matches exactly with my already submitted government id. I would assume that Korbit/Bithumb are already taking these measures, and have been. It could also be that the government wants to get rid of virtual accounts entirely, but I would imagine, as long as it is not anonymous, they will keep on issuing accounts. And even if these "virtual" accounts, which are not anonymous, are banned, Bithumb and Korbit will start using a system similar to Coinbase. Here are some images to show you how these accounts are handled at Bithumb: https://imgur.com/a/BkAKP I will say this: I had a more difficult time signing up with Bithumb than I did on Coinbase, and this was before any regulation was even mentioned in Korea. Speaking for Bithumb, I can assure you, they plan to follow every regulation, and may already have the necessary information to comply. I can not make a virtual account anonymously. It must match my gov. id name, which Bithumb has a record of. I can not deposit money unless it comes from a bank account registered in my name. I even had to submit a copy of the ATM receipt which matched the date and time of my deposit. Bithumb has copies of my government identification and my passport. When I withdraw into a bank account, that account must match the same name on these documents, or my deposit will not work. Based on this new FUD, Bithumb, and most likely UpBit and Korbit are already following these regulations completely. Now, let's drop the FUD ridden, 2 paragraph Reuters article, and look at some MUCH more informed pieces about this news, from Korean sources. 1.) http://english.yonhapnews.co.kr/national/2017/12/28/0301000000AEN20171228005600315.html Notice how this short article spells out clearly the regulations and ends by stating exactly won't be affected by it. "only real-name bank accounts and matching accounts at virtual currency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned." So, "virtual" accounts, which are what I described above, is clearly what is being regulated. And they must match the "real name" of the users. And we have people here claiming that no one in Korea can make a new account on any exchanges. And then they go on to say Korea is starting to shut exchanges down too. The Korean government is saying that, IF exchanges don't comply, they will begin enforcing it and shutting them down. They will start looking to make sure that places like Bithumb are no longer issuing virtual accounts, and requiring real-name bank accounts on their platform. Bithumb will comply. Korbit will comply. UpBit will comply. They will compete to comply quicker. These regulations are no different than what Coinbase went through. 2.) http://news.naver.com/main/read.nhn?mode=LSD&mid=shm&sid1=101&oid=008&aid=0003985407 Another Korean source which is also very clear on what the government said. It clearly states that exchanges won't be issued "virtual" bank accounts anymore, and it will need to move to an "actual name" system. New customers must register with their actual bank accounts. It then goes a step further and explains why, stating that it would be more difficult to trace any money laundering if a temporary account was used to buy crypto. I am not here to argue whether this is good or bad. But we have people on this sub-reddit who simply don't understand what "banning new virtual accounts" means. And Reuters did not do it's diligence, like the other articles I posted here, in explaining what "virtual account" means. And they know it. Stop being fooled! UPDATE!!!!!!! I have a copy of the letter recently sent by Coinone to all its customers. It confirms exactly what I stated above.
The letter (and please forgive their rushed translation. I think they sent this out very quickly): Coinone 공지사항 가상통화 거래실명제 적용에 대한 안내 2017년 12월 28일 열린 국무조정실과 정부기관들의 암호화폐 관련 회의에서 [가상통화 투기근절을 위한 특별대책]이 발표되었고 주요 내용은 다음과 같습니다. 1) 가상통화 거래(가상계좌)에 대한 실명제 실시 2) 가상통화 관련 범죄 집중단속 및 엄중 처벌 3) 법무부의 조건 미충족 거래소 폐쇄 의견 제안 이에 상기 대책에 따른 각 실행사항을 금융기관으로부터 전달받았고, 항상 암호화폐의 건전한 생태계 정착을 위하는 코인원에서는 이를 준수하여 시행합니다. 고객님들께서는 아래의 가상통화 거래실명제 실시를 위한 가상계좌 및 이용자격 변동사항에 대해서는 반드시 숙지해주시기 바랍니다. 첫째. 가상계좌 신규 발급이 일시 중단됩니다. 정부의 '실명확인 입출금계정서비스'의 도입을 위하여 농협가상계좌 발급이 2017. 12. 29(금) 24:00 (자정) 이후로 중단됩니다. 신규가입 및 과거 산업은행 가상계좌 이용 고객님들께서는 반드시 유의해주시기 바랍니다. 둘째. 미성년자와 비거주자(외국인)의 거래가 제한됩니다. 코인원에서는 기존 약관수정을 통해 미성년자(만 19세 미만자)의 거래를 제한하고 법정대리인의 동의가 있는 경우에 한해 일부허용되었으나 이번 규제조치로 인해 미성년자 및 비거주자의 가상계좌 개설 및 거래가 금지됩니다.
저희 코인원은 건전한 암호화폐 시장조성을 위할 것을 약속드리며 안전하고 투명한 암호화폐 산업의 발전을 위해 노력하겠습니다. 감사합니다. 코인원 팀 드림 Special measure for The Korean government's cryptocurrency 's speculation eradication Hello, this is Team Coinone. On December 28th, 2017, Korean Office for Government Policy Coordination(OPC) and other government agencies coordinated a conference about cryptocurrency. On the conference, [가상통화 투기근절을 위한 특별대책](Special measure for cryptocurrency 's speculation eradication) is released, and the main thesis are below. 1) Applying real-name system on virtual account which is used on cryptocurrency trading. 2) Penal punishment on crime related to cryptocurrency. 3) Proposal to Ministry of Justice in Korea closing exchanges which are limited to provide such service. We received the reaction items based on the conference by financial agencies, and since we always want to establish a healthy ecosystem on cryptocurrency, we respect government's decision and will apply to our platform. PLEASE note those policy changes below. FIRST. Virtual account issuing for cryptocurrency trading will be CLOSED TEMPORARY. To apply Korean goverment's policy for real-name system, virtual account issuing will be closed after December 29th,2017 24:00(KST). SECOND, underaged-minors' and non-Korea-residents' trading will be limited. Currently, Coinone allowed underaged-minors' trading on limited standard, which is based on legal representative's agreements, but this also will be limited. Details about this information is below - Underaged-minors: Whole service will not available - All underaged-minors' account will be locked after January 5th, 2018 8:00PM (KST) - All subjected users need to withdraw all asset from January 1st to 5th, 2018.. - Non-Korea-residents (the one who are not live in Korea. Not Koreans who are live in Korea are not in this criteria) - Korea-residents/ Non-Korea-Residents are decided by usage on mobile phone country, so it may differ by government's details about the criteria - KRW withdrawals are now allowed temporary, but will be closed(will notify as soon as possible with following notice). Again, we promise that we try our best to to establish a healthy ecosystem on cryptocurrency's market, and endeavor our best efforts to improve safeness and transparency on cryptocurrency industry. We always appreciate for your understanding and try our best to our customers as always. Thank you. Team Coinone 거래하기 The Future of Finance, Coinone [link] [comments]  | ||
| Will Bitcoin's Lightning Network Kill Off Altcoins Focused on Cheap Transactions? Posted: 28 Dec 2017 10:35 AM PST
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| App organization is key to mindset Posted: 28 Dec 2017 07:24 AM PST
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| Posted: 29 Dec 2017 12:29 AM PST I wanna know what the real players are thinking, not what some 20 year old has to say about his 500$ he put into bitcoin. I wanna hear from someone who has been In bitcoin for the last 2-3 years. where do I look? I want real advice and opinions that matter [link] [comments]  | ||
| South Korea's Bitcoin Regulation is Highly Optimistic, False Reports Claim Ban Posted: 28 Dec 2017 08:37 AM PST
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| People selling gold for Bitcoin, said my local gold dealer Posted: 28 Dec 2017 10:11 AM PST Been slowly selling my gold coin collection over the past couple years and changing it into Bitcoin. Usually at the spot price, sometimes over spot, but this last time was UNDER spot. The store owner says that he has too much gold now that people are dumping it for this "Bitcoin thing." I chuckled a bit, but it worries me because I still have 16 1oz gold coins to still need to dump. [link] [comments]  | ||
| Selling a car for BTC - getting weird requests Posted: 28 Dec 2017 09:38 PM PST I put a car up for sale on Craigslist and offered to take BTC in addition to usual payment methods. Got several replies that make me think they're fishy - offering to pay full price without even seeing car, asking for my bitcoin address, and clearly not from people in my area (or country). What can anyone do with my bitcoin address, other than send me BTC? Are there scams going around targeting people selling things for BTC? [link] [comments]  | ||
| Bitcoin Year In Review and 2018 Predictions! Posted: 29 Dec 2017 03:28 AM PST
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| Posted: 28 Dec 2017 11:44 PM PST
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| Bitcoin Accepted at Vegas Strip Club for NYE Party, Strippers Can Take Transfers During Dances Posted: 28 Dec 2017 09:07 AM PST
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| LN is amazing guys, can't believe it's almost coming, i can't wait! Posted: 28 Dec 2017 12:59 PM PST I have been hearing about it for years and it's finally coming, it looks amazing. It will push Bitcoin really into mainstream usage, this LN will be the biggest feature of Bitcoin ever and it will push the price to crazy heights. [link] [comments]  | ||
| I didn't reach the moon but Bitcoin provided me with a safe landing. Posted: 28 Dec 2017 06:32 PM PST My family has fallen on hard times recently and I'm going to have to pay for the remainder of my college career. However luckily I had some money in Bitcoin which should allow me to safely live for the next few months until things blow over. I wanted to let you guys know that even if you don't get to see the moon it's always better to have a safe landing. Graduating in a year hopefully to work in cryptos! Thank you Satoshi! [link] [comments]  | ||
| Posted: 28 Dec 2017 07:35 AM PST
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| Only 21 pixels to go!! - C'mon 70-100 - Use lower fees!! Posted: 29 Dec 2017 01:38 AM PST
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| Good to see CNBC getting their facts straight. Posted: 28 Dec 2017 10:32 AM PST
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