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    Tuesday, February 27, 2018

    Bitcoin Daily Discussion, February 27, 2018

    Bitcoin Daily Discussion, February 27, 2018


    Daily Discussion, February 27, 2018

    Posted: 27 Feb 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.

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    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    I work at a major electronics store. It's been like this nearly a month.

    Posted: 26 Feb 2018 05:03 PM PST

    WizSec: Neither Wright nor Kleiman owned any of the bitcoins claimed

    Posted: 26 Feb 2018 08:05 PM PST

    Segwit goest up to 18% right now after Bitcoin Core 0.16.0

    Posted: 27 Feb 2018 02:01 AM PST

    Bought a burrito and a Jarrito with Bitcoin in Framingham. 6 cent fee confirmed instantly. Tastes better than burrito bought with VISA.

    Posted: 26 Feb 2018 10:34 AM PST

    Hal Finney: imagine that Bitcoin is successful...that gives each coin a value of about $10 million (2009)

    Posted: 26 Feb 2018 01:31 PM PST

    50 Cent to Feds: You Won't Get a Bitcoin Outta Me; I Have None

    Posted: 26 Feb 2018 02:31 PM PST

    $10 Billion Lawsuit Filed Against Craig Wright Over Stolen Bitcoin

    Posted: 26 Feb 2018 08:05 AM PST

    Dave Kleiman's estate just filed a claim against Craig Wright. The lawsuit was filed by Boies Schiller Flexner lawyers Devin "Velvel" Freedman (https://www.bsfllp.com/lawyers/velvel-devin-freedman.html) and Kyle Roche (https://www.bsfllp.com/lawyers/kyle-roche.html). It claims that shortly after Dave' death, Craig employed an elaborate scheme to steal between 550K and 1.1M bitcoins and other intellectual property owned by W&K Info Defense Research LLC - a Florida company Dave owned.

    The complaint publishes documents evidencing a long history between Craig and Dave, including documents demonstrating their early involvement in Bitcoin mining. Interestingly, while the complaint discusses Craig's claim to be Satoshi, it seems to really focus on evidence Craig and Dave mined bitcoin – as Satoshi's identity is irrelevant to whether Craig stole from Dave.

    Craig's twitter silence is deafening...

    Complaint: https://www.scribd.com/document/372445546/Bitcoin-Lawsuit Exhibit 1: http://www.lrb.co.uk/v38/n13/andrew-ohagan/the-satoshi-affair Exhibit 2: https://www.scribd.com/document/372445131/Exhibit-2 Exhibit 3: https://www.scribd.com/document/372445130/Exhibit-3 Exhibit 4: https://www.scribd.com/document/372445139/Exhibit-4 Exhibit 5: https://www.scribd.com/document/372445132/Exhibit-5 Exhibit 6: https://www.scribd.com/document/372445133/Exhibit-6 Exhibit 7: https://www.scribd.com/document/372445134/Exhibit-7 Exhibit 7A: https://www.scribd.com/document/372445135/Exhibit-7A Exhibit 8: https://www.scribd.com/document/372445137/Exhibit-8 Exhibit 9: https://www.scribd.com/document/372445138/Exhibit-9 Exhibit 10: https://www.scribd.com/document/372445144/Exhibit-10 Exhibit 11: https://www.scribd.com/document/372445141/Exhibit-11 Exhibit 12: https://www.scribd.com/document/372445140/Exhibit-12 Exhibit 13: https://www.scribd.com/document/372445151/Exhibit-13 Exhibit 14: https://www.scribd.com/document/372445147/Exhibit-14 Exhibit 15: https://www.scribd.com/document/372445142/Exhibit-15 Exhibit 16: https://www.scribd.com/document/372445145/Exhibit-16 Exhibit 17: https://www.scribd.com/document/372445146/Exhibit-17 Exhibit 18: https://www.scribd.com/document/372445149/Exhibit-18 Exhibit 19: https://www.scribd.com/document/372445148/Exhibit-19 Exhibit 20: https://www.scribd.com/document/372445150/Exhibit-20

    submitted by /u/BitcoinLawsuit123
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    We made it boys, strippers now sporting Bitcoin tattoos

    Posted: 26 Feb 2018 05:18 PM PST

    Tomorrow you will be transported 1000 years into the future to a spot on Earth. Choose 2: (a) Private key to a wallet containing 1 bitcoin (b) Iodine tablets (c) Hatchet (d) Plastic tarp (e) Loaded Glock 19 (f) iPhone X

    Posted: 26 Feb 2018 05:09 PM PST

    Craig S Wright's email to Dave Kleiman is provably false

    Posted: 26 Feb 2018 12:03 PM PST

    In the infamous "leak" published by gizmodo and supposedly outing Craig Wright as Satoshi, there is an email that - if true - would be a real bomb.

    it is dated march 12th 2008 and it reads:

    I need your help editing a paper I am going to release later this year. I have been working on a new form of electronic money. Bit cash, Bitcoin...

    You are always there for me Dave. I want you to be part of it all.

    I cannot release it as me. GMX, Vistomail and Tor. I need your help and I need a version of me to make this work that is better than me.

    Craig

    ( https://i.kinja-img.com/gawker-media/image/upload/knlyk7dpjqucpmiojhs8.png )

    This mail wants to show that the early idea of bitcoin came from Wright to Kleiman, and not the other way around.

    Needless to say, it is extremely suspect.

    One thing I have found is that not only it is suspect, but it is provably false.

    The domain information-defense.com from which this email supposedly originates (the sender is craig.wright@information-defense.com ) was only registered by Wright on jan 23rd 2009, when he registered the Australian company "Information Defense PTY".

    BTW, this was just a couple weeks after the blockchain started, and this company is somehow the predecessor of the similarly named American company "W & K Info Defence Ltd" controlled by Kleiman and later passed back to Wright.

    The fact is, I believe "Information Defense PTY" is indeed related to bitcoin mining, but I think it's pretty likely that Wright forged that email in order to establish a priority over Kleiman.

    That domain wasn't his in march 2008.

    Gizmodo explains the problem saying:

    pointing to the likelihood that its registration lapsed and was later renewed, which would explain the discrepancy

    ( https://gizmodo.com/the-mystery-of-craig-wright-and-bitcoin-isnt-solved-yet-1747576675 )

    but this just does not hold, in light of an historical whois search

    On Aug 25, 2007 the registrant was a "John W#####ck, 26 New Lane S####n, NY 11784-3304 US" and expiry date was 15-Mar-2008. (edited to protect privacy of previous owner)

    On may 27th, 2008 the domain was listed in a list of domains in pending-delete state: https://web.archive.org/web/20151226101620/http://www.expire.cc/2008/05/27

    The domain probably expired, and on Jun 1, 2008 the domain owner was "eNom, Inc. on behalf of eNom, Inc. Customer TBD eNom Customer TBD eNom Customer (legal@enom.com)"

    Enom is a registrar, who had a "back-ordering" service for expired domains" this appears to be an ownership used by Enom for "domain tasting" ( https://en.wikipedia.org/wiki/Domain_tasting )

    Only on jan 23rd 2009 the domain was bought by Wright (presumably he got it from eNom) and shortly later archive.org shows a site for the first time: https://web.archive.org/web/20090216141126/http://information-defense.com:80/

    So, I think that email is a provable forgery.

    For the skepticals: the historical whois of the domain can be ordered for $49 from domaintools.com . I am not going to publish the report's PDF because its copyright status is unclear.

    EDIT ######

    Someone is saying "Wright MAYBE ad access to that address even if the domain wasn't in his name"

    Please note that subject of that email: "Defamation and the diffculties of law on the Internet."

    This subject comes from a thread that was taking place in those days on the "Security basics" mailing list, where Wright and Kleiman were interacting

    A message from Wright: http://seclists.org/basics/2008/Mar/144

    Kleiman's reply to him: http://seclists.org/basics/2008/Mar/147 (it's an interesting read, it tells a lot about the relationship between the two)

    As you'll notice, in that very thread Wright was using his usual address @bdo.com.au

    How likely is it he'd use a different address for an email with the same subject in the very same day?

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

    What Ban? China's Crypto Exchanges Didn't Just Survive – They're Thriving

    Posted: 27 Feb 2018 12:58 AM PST

    https://www.coindesk.com/chinas-crypto-exchanges-didnt-just-survive-theyre-thriving/

    It began like this: officials from the People's Bank of China stepped into the offices of the largest crypto exchanges in the country and sat down with their executives.

    From the financial regulator's Shanghai and Beijing bureaus, the officials told the exchanges they were interested in identifying whether anti-money laundering and capital control mandates were being met.

    But according to Robin Zhu, chief operating officer at Huobi, the regulators had an ulterior motive that January day.

    "The regulator wanted to grab a big picture of how significant cryptocurrency trading was in China - how does bitcoin work; where does the money come from; where does it go to; how do people make and lose money?" Zhu said.

    The PBoC also requested information on the exchange's trading volume and user numbers. In addition to the platform's data, Huobi had been regularly submitting information and reports about worldwide government policy in an effort to help the PBoC understand the industry.

    Zhu definitely thought something was up. To him, it seemed like the PBoC was gathering information in an order to create a framework for regulating the industry, something many exchanges wouldn't have necessarily been worried about.

    But then September came and with it the announcement that the PBoC was banning initial coin offerings (ICOs) and shutting down domestic fiat-to-crypto order book trading.

    It seems the inquiries paved the way for the ultimate clampdown, one that severely affected cryptocurrency exchanges in the country.

    In a previous interview with CoinDesk, Huobi's founder and CEO Leo Li reported trading volumes followed suit. On November 1, 2017, these figures were just 5 percent of what they were on Sept. 15, the last day before the close of order-book trading.

    Yet, not to be deterred, exchanges such as Huobi have continued to thrive, finding new ways to grow their business.

    Zhu told CoinDesk:

    "Whatever the policy may be, we will comply with the rules and are here to say. The [bitcoin] trend is irresistible. And down the road it is very likely China will lift its ban on cryptocurrency trading."

    More on Link at top

    submitted by /u/BitcoinAlways
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    Segwit adoption rising: Most recent blocks show 25%+ witness transactions.

    Posted: 27 Feb 2018 01:29 AM PST

    The Future of Commerce! Lightning Network Demo [testnet]

    Posted: 26 Feb 2018 04:51 PM PST

    ISRAELI Supreme Court : National bank must enable trading in Bitcoin in the bank account

    Posted: 26 Feb 2018 10:51 AM PST

    (Google translate)

    The Israeli Supreme Court today issued a temporary injunction forbidding Bank Leumi to completely stop the activity of crypto company bank account. The Court: "The damages that may be caused to the Bank, insofar as the request is accepted, constitute speculation at this Supreme: National must enable trading in Bitcoin in the bank account"

    https://www.themarker.com/markets/digital-coins/1.5850128

    submitted by /u/avishabi
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    The $10 billion lawsuit against Craig Wright - and no, he's still not Satoshi - Crypto Insider

    Posted: 26 Feb 2018 04:22 PM PST

    Chinese Billionaire Investor Chen Weixing : Don’t Miss Big Blockchain Opportunities Within 6 Months

    Posted: 27 Feb 2018 02:07 AM PST

    Do I need to get an attorney?

    Posted: 26 Feb 2018 06:37 PM PST

    Dear Valued Customer,

    In December 2016, the Internal Revenue Service issued a summons demanding that Coinbase produce a wide range of records relating to approximately 500,000 Coinbase customers. Coinbase fought this summons in court in an effort to protect its customers, and the industry as a whole, from unwarranted intrusions from the government.

    After a long process, the court issued an order that represents a partial, but still significant, victory for Coinbase and its customers: the order requires Coinbase to produce only certain limited categories of information from the accounts of approximately 13,000 customers.

    We are writing to let you know that the above-described court order requires us to produce information specific to your account.

    If you have concerns about this, we encourage you to seek legal advice from an attorney promptly. Coinbase expects to produce the information covered by the court's order within 21 days.

    For your reference, the court's judgment can be found here. The case was filed in the United States District Court for the Northern District of California, Case No. 17-cv-01431-JSC.

    In addition, we also want you to know that because Coinbase received a summons on December 8, 2016, and more than six months passed before our challenges to the summons were resolved by the court, the period of limitations under sections 6501 and 6531 of the Internal Revenue Code (title 26 of the U.S. Code) were suspended beginning as of June 8, 2017 and continuing through the final resolution of Coinbase's response to the summons. This may be relevant to the tax returns that you have filed for the 2013, 2014, and 2015 calendar years. If you have questions about your tax liability for those years, we strongly encourage you to consult with your tax advisor.

    Regards,

    The Coinbase Team


    [link] [comments]

    50 Cent Does Not Have Bitcoin Fortune, Was Fake News

    Posted: 26 Feb 2018 09:24 AM PST

    Nick Szabo recently tweeted a link to this list of cypherpunk research. A fascinating collection of history and information dating back to the inception of the concepts we stand upon today.

    Posted: 26 Feb 2018 08:27 AM PST

    EU hearing press release: cryptocurrency approved but with caution

    Posted: 26 Feb 2018 05:16 AM PST

    Ahh, it's good to see the standard weekend dips again :)

    Posted: 27 Feb 2018 12:22 AM PST

    Gives a sense of trust and comfort :)

    submitted by /u/ImJustACowLol
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    Peter Todd on Lightning: when it's not crashing, payments fail more often than not.

    Posted: 26 Feb 2018 02:42 PM PST

    Ex-wall street trader now real estate agent only accepting Bitcoin for condos

    Posted: 26 Feb 2018 11:33 PM PST

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