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    Monday, March 5, 2018

    Bitcoin Daily Discussion, March 05, 2018

    Bitcoin Daily Discussion, March 05, 2018


    Daily Discussion, March 05, 2018

    Posted: 05 Mar 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

    • Screenshots
      • of article headlines without the article
      • of your favorite price ticker
      • of your exchange website
      • of your private chats
    • Wallet/Exchange/Network
      • recommendations
      • complaints
      • service outages
      • troubleshooting
      • fee estimation
      • unconfirmed transactions
    • All things price
      • hodling
      • the dip
      • the moon
      • price going up
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      • technical analysis
      • price on your smart phone
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    • Stuff you bought with Bitcoin
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    • Questions
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    • That thing your coworker said
    • Bitcoin Showerthoughts
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    • News of the day
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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
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    Venezuela Orders Government Services to Accept Any Cryptocurrency

    Posted: 04 Mar 2018 08:27 PM PST

    Back in 2013, a single subway sandwich shop accepting Bitcoin got airtime on CNBC, and we were all jumping for joy. Nowadays we get full TV features about Bitcoin and people are like " yawn, could be better".

    Posted: 04 Mar 2018 09:48 AM PST

    Czech Republic and bitcoin: republic’s way to becoming the largest crypto hub in Europe

    Posted: 04 Mar 2018 11:48 PM PST

    Bloomberg: Square, Inc. to possibly facilitate Bitcoin

    Posted: 04 Mar 2018 07:59 PM PST

    "Chain fees leave a bad impression vs inflation. Fees are visible, inflation is hidden. People get the impression that fees must be minimized, but the system is designed around them. Fees remind people of middleman rent, but it's actually a direct support for the system's security"

    Posted: 04 Mar 2018 04:30 PM PST

    Bitcoin Transaction Volume Decreases With Batching, Not Due to Lack of Demand

    Posted: 04 Mar 2018 11:52 AM PST

    NBC just did one of the best stories on Bitcoin I have ever seen mainstream media do. Excellent explanation. Mentioned the drop but also pointed out its sustained growth dispute that drop.

    Posted: 04 Mar 2018 06:00 AM PST

    NBC just did one of the best stories on Bitcoin I have ever seen mainstream media do. Excellent explanation. Mentioned the drop but also pointed out its sustained growth dispute that drop.

    The only criticism I have came from two bad quotes from a guy with the Digital Currency Group.

    He said "bitcoin is an investment" . That's wrong. It's a protocol. This is what it really is and it's a very important thing to realize as the IRS and your accountant attempts to figure out how it should be taxed.

    He also said " you will either make a lot of money or you will lose all your money" . That's completely wrong. Bitcoin will never be worth nothing, anymore than an ounce of gold will ever be worth nothing. People need to stop saying that. It's false and people in the industry especially should know better.

    Some redditors provided the show name and link: Sunday Today with Willie Geist https://www.today.com/video/what-is-cryptocurrency-and-should-you-risk-your-money-with-it-1176396355663

    submitted by /u/azzazaz
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    Oracle going big on Blockchain?

    Posted: 05 Mar 2018 01:45 AM PST

    The problem of scammers on Twitter - a good test to know if crypto is for you.

    Posted: 04 Mar 2018 07:11 PM PST

    $1 Trillion Institutional Investor Catches the Bitcoin Fever

    Posted: 04 Mar 2018 10:54 AM PST

    Working Bitcoin Debit Cards (last update March 3, 2018)

    Posted: 04 Mar 2018 02:16 PM PST

    Bitcoin's rally looks sustainable, here is why I'm bullish.

    Posted: 04 Mar 2018 08:33 PM PST

    A look at the new Trezor Model T with touchscreen.

    Posted: 04 Mar 2018 10:55 AM PST

    A CPPCC Member Proposes To Launch A Regulated Cryptocurrency Exchange In China

    Posted: 04 Mar 2018 11:58 PM PST

    Another big step towards mainstream adoption: PayPal patenting a system for faster cryptocurrency transaction times

    Posted: 05 Mar 2018 03:48 AM PST

    Bitcoin minute-by-minute order book data.

    Posted: 05 Mar 2018 02:44 AM PST

    I am looking for the bitcoin minute-by-minute order book data from several exchanges. Data sources with less resolution also welcome. I already have access to the minute-by-minute price data from http://api.bitcoincharts.com/v1/csv/ but I would like order book data if possible, even if it's paid. Thanks.

    submitted by /u/johnturtle
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    "The irritating gentleman" - 1874

    Posted: 04 Mar 2018 03:56 PM PST

    Many Bitcoin ATM machines appear in low-income areas of Detroit

    Posted: 04 Mar 2018 12:58 PM PST

    Bittrex Blocks Residents of North Korea, Iran, Crimea, Syria, and Cuba

    Posted: 04 Mar 2018 04:26 PM PST

    Requesting advice on transferring Bitcoin from a pre-Segwit Electrum wallet to a post-Segwit Electrum wallet

    Posted: 04 Mar 2018 04:17 PM PST

    Hi all,

    As stated, I have some old Bitcoin lying around that I want to move. As it currently stands I have this Bitcoin stored in an old Electrum wallet that is roughly 2.5 years old. Before I go and cowboy my funds I thought I would ask for advice here first now that the fees are low enough to move them comfortably.

    I am wanting to use the following set up:

    • A new post-Segwit wallet for my BTC

    • A new hardforked wallet for my BCH

    • The potential to reimport the old keys into any new forks of BTC (i.e Bitcoin Unlimited etc)

    From there I will move my funds from the old address to the new address. After I have confirmed they have landed in the new address I will import the keys into a BCH wallet to keep them completely separated.

    Regarding the steps for transferring the funds themselves, are there any important steps that I need to be aware of to avoid sending my coins into the ethos?

    Thanks for your time.

    *ninja edit: this is a throwaway account btw

    submitted by /u/FriendlyPerformance
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    Happy New Epoch 254 !

    Posted: 04 Mar 2018 08:38 PM PST

    Found a wallet backup on Google drive. Not sure how to proceed..

    Posted: 04 Mar 2018 04:08 PM PST

    So last night I found a bitcoin backup on my Google drive from 2016. Most likely empty but not 100 percent sure because I did lose access to a laptop I had last year around that time.

    Most likely it was multibit that the wallet.

    How do I go about getting the backup installed and checking the history/balance?

    submitted by /u/krspychicken
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    Throttle Bitcoin Core's bandwidth usage

    Posted: 04 Mar 2018 11:22 AM PST

    Does anyone have a solution to the crazy upload usage of running a full node? I'm fine with uploading at 2mb/s 24/7, but anything more hits my bandwidth hard, and I start seeing significant slowdowns. I haven't seen an option in Core to throttle this, and there's nothing online as far as I've found other than third party programs to limit specific apps.

    Any ideas? Since v16 came out my upload speed has been going crazy for people re-downloading the blockchain.

    edit: No updates on tracker in years: https://github.com/bitcoin/bitcoin/issues/273

    submitted by /u/SternerCrow
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