Bitcoin Daily Discussion, January 03, 2018 |
- Daily Discussion, January 03, 2018
- Bitcoin today
- CNBC - guy shrugs and says put a $1k in or a little more. Classic.
- 9 years ago block 0 was mined. Happy birthday Bitcoin!
- Lightning Network Megathread
- PRO TIP: If you want to safely store your coins anywhere and can't afford a hard wallet, use Kraken!
- Nakamoto Remembers: ‘The Times 03/Jan/2009 Chancellor on brink of second bailout for banks’ — Happy 9th Birthday Bitcoin.
- Peter Thiel: "People are underestimating Bitcoin. It's a reserve form of money like gold. There's $70B worth of bitcoin in the world, but there's $9 trillion of gold. Great potential!"
- Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts
- Just checked the chart, classic shark trend.
- Peter Thiel’s Founders Fund Makes Monster Bet on Bitcoin
- Now I don’t have to compulsively check the price of Bitcoin on my phone while at the house
- In 2018, Let’s Use r/Bitcoin for Bitcoin Tech & Price News... and Leave the Coinbase Complaints in r/Coinbase
- Quadriga has my 500k locked up. No acct access. No support response.
- In 2013, even BTC had negligible fees and zero full blocks. You can't solve scaling problems w/o scale (looking at you, altcoins)
- Bitcoin "Wealth Effect" To Boost Japan's GDP Up To 0.3%
- E-Trade begins CME bitcoin trading as of Tuesday evening
- Easily the worst thing that happened to me last year.
- You wanna make Bitcoin your job? Look no further! Customer service position open in Vienna.
- Samurai wallet new update. Fees estimation improvements and stability issues fixed.
- Why has no big exchange integrated segwit and then marketed “we have lower fees”?
- BTC.com implements segwit
- PSA: Don’t use coinbase at all. They have delayed my wire transfer for 15 days and customer support has not replied to me or even acknowledged me. Shady business practices with insider trading as well.
- Happy Birthday Bitcoin
- Peter Thiel's firm holds hundreds of millions in bitcoin
| Daily Discussion, January 03, 2018 Posted: 03 Jan 2018 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]  | ||
| Posted: 02 Jan 2018 10:21 AM PST
 | ||
| CNBC - guy shrugs and says put a $1k in or a little more. Classic. Posted: 02 Jan 2018 04:30 PM PST
 | ||
| 9 years ago block 0 was mined. Happy birthday Bitcoin! Posted: 03 Jan 2018 12:02 AM PST | ||
| Posted: 02 Jan 2018 01:06 PM PST Hi Everyone, I'm trying to create a post that can be stickied with regards to the Lightning Network. This post should be used to provide as many links to as many resources as organized as possible. This is obviously a large task and I've tried to start it in hopes that I can crowdsource this in the comments to keep adding content to this post. Feel free to recommend any additions but please provide sources for your information. Also please correct myself or anything that appears up here that seems incorrect and I'll do my best to edit quickly. What is the Lightning Network? ⚡Explanations:
Specifications / White Papers
Videos
Lightning Network Experts on Reddit
Medium Posts
Learning Resources
BooksDesktop Interfaces
Web Interfaces
Tutorials and resources
Lightning on TestnetLightning WalletPlace a transaction
Lightning on MainnetAtomic Swaps
Developer Documentation and ResourcesLightning implementations:
Libraries
Lightning Network Visualizer (Testnet)Community
Slack
IRC
IRC channel
Slack ChannelMiscellanous
Lightning Questions and ConcernsQuestions might be unanswered, if you can answer please PM me and include source if possible. Also feel free to help keep these answers up to date and as brief but correct as possible
Yes. You pick a peer and after some setup, create a bitcoin transaction to fund the lightning channel; it'll then take another transaction to close it and release your funds. You and your peer always hold a bitcoin transaction to get your funds whenever you want: just broadcast to the blockchain like normal. In other words, you and your peer create a shared account, and then use Lightning to securely negotiate who gets how much from that shared account, without waiting for the bitcoin blockchain.
Yes, Lightning is open source. Anyone can review the code (in the same way as the bitcoin code)
Similar to the bitcoin network, no one will ever own or control the Lightning Network. The code is open source and free for anyone to download and review. Anyone can run a node and be part of the network.
No, your bitcoin will never leave the blockchain. Instead your bitcoin will be held in a multi-signature address as long as your channel stays open. When the channel is closed; the final transaction will be added to the blockchain. "Off-chain" is not a perfect term, but it is used due to the fact that the transfer of ownership is no longer reflected on the blockchain.
(Unanswered)
(Unanswered)
Tiny payments are possible: since fees are proportional to the payment amount, you can pay a fraction of a cent; accounting is even done in thousandths of a satoshi. Payments are settled instantly: the money is sent in the time it takes to cross the network to your destination and back, typically a fraction of a second.
Yes, but not in theory. You could make a poorer lightning network without it, which has higher risks when establishing channels (you might have to wait a month if things go wrong!), has limited channel lifetime, longer minimum payment expiry times on each hop, is less efficient and has less robust outsourcing. The entire spec as written today assumes segregated witness, as it solves all these problems.
No, for now. For the first version of the protocol, if you wanted to send a normal bitcoin transaction using your channel, you have to close it, send the funds, then reopen the channel (3 transactions). In future versions, you and your peer would agree to spend out of your lightning channel funds just like a normal bitcoin payment, allowing you to use your lightning wallet like a normal bitcoin wallet.
Not really. Anyone can set up a node, and so it's a race to the bottom on fees. In practice, we may see the network use a nominal fee and not change very much, which only provides an incremental incentive to route on a node you're going to use yourself, and not enough to run one merely for fees. Having clients use criteria other than fees (e.g. randomness, diversity) in route selection will also help this.
Lightning is already being tested on the Mainnet Twitter Link but as for a specific date, Jameson Lopp says it best
(Unanswered)
(Unanswered)
Special Thanks
[link] [comments]  | ||
| PRO TIP: If you want to safely store your coins anywhere and can't afford a hard wallet, use Kraken! Posted: 02 Jan 2018 02:04 PM PST Hackers will never be able to get around the Error 502: Bad Gateway, Error 504: Gateway Timeout nor the Error 503: Service Unavailables! [link] [comments]  | ||
| Posted: 02 Jan 2018 08:00 PM PST
 | ||
| Posted: 02 Jan 2018 04:54 PM PST
 | ||
| Bitcoin rises after report says early Facebook investor Peter Thiel is buying massive amounts Posted: 02 Jan 2018 11:22 AM PST
 | ||
| Just checked the chart, classic shark trend. Posted: 02 Jan 2018 01:43 PM PST
 | ||
| Peter Thiel’s Founders Fund Makes Monster Bet on Bitcoin Posted: 02 Jan 2018 10:43 AM PST
 | ||
| Now I don’t have to compulsively check the price of Bitcoin on my phone while at the house Posted: 02 Jan 2018 06:36 PM PST
 | ||
| Posted: 02 Jan 2018 12:18 PM PST | ||
| Quadriga has my 500k locked up. No acct access. No support response. Posted: 02 Jan 2018 04:18 PM PST Throw away acct for obvious reasons but very serious concern. Been with QCX since their first year. Am considered a VIP there and until recently have had almost 0 problems. Now, for almost 2 weeks, I have not been able to login and recieve no support or evidence they have even recieved a support ticket. Nothing but silence. I don't know where else to go, before litigation, and thought perhaps a representitive or someone from the company might comment on this and let customers know a little more about whats going on there behind the scenes. For example: How many support tickets do you have and how many are you processing/day? How do you expedite tickets? If someone can't access their 500k vs someone forgot their password are these treated the same? Why don't you anwser your phone? What is your solution for scaling with all the new users? Please, if someone that knows a quadrigacx employee could point them to this feed I see that I am not alone in wanting, and in this case, needing anwsers. You are literally holding my life savings and don't have the decency to at least let me know you've heard my request and you're working on a solution. [link] [comments]  | ||
| Posted: 02 Jan 2018 08:29 PM PST
 | ||
| Bitcoin "Wealth Effect" To Boost Japan's GDP Up To 0.3% Posted: 02 Jan 2018 06:46 PM PST
 | ||
| E-Trade begins CME bitcoin trading as of Tuesday evening Posted: 02 Jan 2018 03:36 PM PST
 | ||
| Easily the worst thing that happened to me last year. Posted: 02 Jan 2018 02:19 PM PST
 | ||
| You wanna make Bitcoin your job? Look no further! Customer service position open in Vienna. Posted: 03 Jan 2018 01:23 AM PST Hi there! We had success with our last job ad here on Reddit, so we want to repeat this experience. What would you think about working for one of the most popular BTC services in Europe? About living in the beautiful city of Vienna and contributing your part to the rise of BTC ? Well, there is an opportunity to achieve all this! We're looking for talented people for a customer service position at Bitpanda Our requirements: Start: right now! Sounds interesting to you? If yes, please send us an email with the subject: "Bewerbung Supportstelle - M2" with your job application as well as your CV to support@bitpanda.com We're excited to hear from you! (If you have any questions re: this position, don't be shy and ask us support@bitpanda.com) Best regards! [link] [comments]  | ||
| Samurai wallet new update. Fees estimation improvements and stability issues fixed. Posted: 02 Jan 2018 11:33 AM PST
 | ||
| Why has no big exchange integrated segwit and then marketed “we have lower fees”? Posted: 02 Jan 2018 08:35 PM PST It seems logical that an exchange would integrate segwit to gain customers. Surely advertising lower fees would attract more customers? [link] [comments]  | ||
| Posted: 02 Jan 2018 04:33 AM PST
 | ||
| Posted: 02 Jan 2018 06:31 AM PST If you don't believe me please take a second and look at /r/coinbase . People have been waiting for cash outs from December 12! I am a someone who has been waiting forever for wire transfer and it sucks. When I made transfer coinbase told me I would receive my funds within 24 hours. It has been around 15 days now. I would strongly advice everyone to avoid using coinbase at all costs. Please coinbase get your stuff together. Edit: I made this post in hopes of getting someone at coinbase to help me as I have seen them do this in the past. People are mainly having issues with wire transfers and SEPA transfers (international transfers). From my knowledge ACH transfers working fine. BUT if you look at /r/coinbase you can see posts of people claiming that transfers from coinbase to Gdax go missing or others who completely loose their account without information. They try contacting Coinbase customer support and get no response. Yes I know not everyone experiences these issues but these issues become a problem when they start affecting you. [link] [comments]  | ||
| Posted: 03 Jan 2018 01:41 AM PST
 | ||
| Peter Thiel's firm holds hundreds of millions in bitcoin Posted: 02 Jan 2018 12:44 PM PST
 |
![[link]](https://i.imgur.com/ykjMMov.jpg){kind=link}
![[link]](https://i.redd.it/j6ih3qdn0s701.jpg){kind=link}
![[link]](https://i.redd.it/zit051h85q701.jpg){kind=link}
![[link]](https://i.redd.it/sljyix9rlr701.jpg){kind=link}
![[link]](https://i.redd.it/uybgkhgnbq701.jpg){kind=link}
![[link]](https://i.redd.it/vdom52whpt701.jpg){kind=link}
| You are subscribed to email updates from Bitcoin - The Currency of the Internet. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment