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    Bitcoin Daily Discussion, March 11, 2018

    Bitcoin Daily Discussion, March 11, 2018


    Daily Discussion, March 11, 2018

    Posted: 11 Mar 2018 03:00 AM PDT

    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
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    • All things price
      • hodling
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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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    Finally have 0.1 BTC

    Posted: 10 Mar 2018 10:59 PM PST

    It's been 7 months but I have finally reached 0.1 Btc after mining with my gaming computer and buying dips. Can't wait to keep buying and reach my next goal of 0.5 Btc.

    submitted by /u/DoctorWizCraft
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    Forbes article: "We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why." & My Response

    Posted: 10 Mar 2018 09:11 PM PST

    We Need To Shut Bitcoin And All Other Cryptocurrencies Down. Here's Why.

    You've got to be kidding me with this absolute garbage. Read it for yourself, but the guy is wrong about almost everything he says. It looks like clickbait, but it's in Forbes and I thought Forbes was a respectable publication. When are journalists going to start taking their publications seriously when it comes to cryptocurrency? Why is this Jason Bloomberg dope the "president" of a tech company?

    I got so incensed about it that I pushed out a response article of my own. Read it and give me some feedback, or don't -- either way, understand that this is the kind of ignorance we're up against in the crypto world. Dinosaurs who think that the whole idea of a decentralized system is so dangerous that it should just be made illegal.

    "First they ignore you, then they laugh at you, then they fight you, then you win." It looks like we're getting to the "fight you" stage.

    submitted by /u/MalcolmRoseGaming
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    To all the people disappointed with their investment (in bitcoin) performance. Please do as a favor, cut your losses short and spare us the nagging about bubbles and all the negatives you clearly see now (but couldn't see when the price was going up)

    Posted: 11 Mar 2018 12:16 AM PST

    For the ones that are thinking to invest now please take Andreas Antonopoulos advice and invest in it as much as you understand it. If you feel that you understand 5% invest 5% but more importantly if you understand 0% invest 0% and no, "Block-chain is this new technology that will change the world" does not count as understanding. Take your money and put them somewhere that you feel comfortable with. The problem with all the recent FUD and negativity lies with the fact that 90% of the people in crypto are mostly people who "invested" at the end of 2017, and 99% of them the only reason they had in doing so was the price. When the only reason you have when you buy something is the belief that you are going to sell it for more guess what happens when the price drops. You are left with no reasons. No reasons to be in it. When your money are into something for no reason you panic, you loose your sleep, you get angry, you discover all the reasons why you shouldn't have invested in it. Please do your self a favor and educate yourself's. Try to understand and if you want to HODL do it for a reason other than the price. I am heavily invested and I sleep like a baby. And if I loose everything is going to be because of something I didn't see happening before it happened (and nothing of the sort has happened yet). Not something that I wish I knew (and I could have known) before I invested. In fact "investing" is not even the right word to use. "Backing up" the technology is...If you are here for the money please leave. If you are here because of the way the future can unfold (outside the potential coin price increase) then enjoy the ride. What I see now (all the work, the ideas, the ongoing development) if you take out the price visibility is so positive that I wonder where do the people find the FUD? If you can not then stick with the bloomberg, the FT and the CNBC articles that you so much like. They all have one common characteristic. All of them fail to accept that the current technology is continuously developing and what is today is going to be much better in a year. If you can not relate to what I am saying have a look at that article about why iphone will fail from 2006:

    https://www.theregister.co.uk/2006/12/23/iphone_will_fail/

    and that one on why internet will fail from 1995:

    https://thenextweb.com/shareables/2010/02/27/newsweek-1995-buy-books-newspapers-straight-intenet-uh/

    If you are already in...you have a chance to educate yourselfs even late and NOT be the guys who wrote these articles.

    submitted by /u/totopsgr
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    Hate Bit Pay and their lies? Try BTC Pay - the open source solution, no intermediaries

    Posted: 10 Mar 2018 12:50 PM PST

    Andreas Antonopoulos : Bitcoin is the next Bitcoin

    Posted: 10 Mar 2018 09:09 AM PST

    Started using Bisq decentralized exchange. Great experience.

    Posted: 10 Mar 2018 08:14 PM PST

    I started using Bisq decentralized exchange and I have had a great experience. I used to use Coinbase when I first started buying crypto, but the outrageous amount of time it took to transfer USD from my bank to Coinbase/GDAX forced me to find an alternative (not to mention Coinbase data being plundered by the IRS).

    I had one problem with Bisq, and it was my first trade. For some reason there was an error and an arbitrator had to come in and help. The issue lasted a few days but in the end the seller got their BTC back (and I never lost my cash). It was a pretty smooth process, and even though it was a problem, the way it was handled gave me confidence in the application/technology.

    All of my other trades have gone smooth and I have security knowing my personal dealings can stay private and away from plunder.

    Currently there have been between 5-20 trade offers at any given time, which is way up from what it was just a month ago but is still low. This limits my trading abilities, but with more regulation attempts will come more users :)

    I definitely recommend any readers to try using Bisq!

    submitted by /u/Atomizer1
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    Bullish AF: "South Korea’s Kakao to Integrate Cryptocurrency For 12,000 Merchants & Millions Users"!!!

    Posted: 10 Mar 2018 09:36 AM PST

    We integrated Lightning Payments to our Art Store (ludvigart.com) via @Blockstream's Lightning Charge! We are very excited to be the first art gallery/store to support LN!

    Posted: 10 Mar 2018 06:13 PM PST

    Peter Todd about Bitpay's "network fees": "IMO this is form of fraud, no different from how phone companies have been smacked down for adding fake charges to your phone bills."

    Posted: 10 Mar 2018 10:47 AM PST

    Bitcoin Core's source code is now being timestamped with Bitcoin itself, via OpenTimestamps

    Posted: 10 Mar 2018 10:34 AM PST

    Tipped the pizza guy with Bitcoin!

    Posted: 10 Mar 2018 11:05 AM PST

    I paid the bill for the pizza with cash. Then told him I wanted to tip him with Bitcoin. His first question was, "you have bitcoin"?. Told him I bought it a few days ago and wanted to play with it. He got extremely excited. He had no data so he had to connect to my wifi, then I told to download mycelium, used the QR reader and sent him $5 worth of btc! All told it took about 2 minutes. Will definately do it again!

    submitted by /u/TheSimkin
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    Bank of Montreal Canada (BMO) has blocked all cryptocurrency transactions effective March 1st

    Posted: 10 Mar 2018 02:55 PM PST

    As a Canadian, my options for buying crypto through coinbase are limited. Debit card does not verify, wire transfer is impossible, and to use credit card you are charged $5 cash advance fee when purchasing crypto.

    Coinbase recently increased my buy limit from $250/week to $1000/week, and today I attempted to buy the dip for the full $1000 and I got an email saying the transaction was cancelled by my bank. I called to inquire about it and the associate told me BMO has blocked all crypto purchases because of "fraudulent activity". Needless to say this bank is losing a customer immediately.

    What I'm wondering now is what my next step should be. My buying options are limited like I said, so I'd like to hear if any other Canadians have had more success than me in purchasing crypto.

    submitted by /u/Crezdonn
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    Georgia Looks To Join Arizona In Accepting Crypto For Tax Payment.

    Posted: 10 Mar 2018 08:56 AM PST

    Charlie Lee - Sydney Meet Up Details

    Posted: 11 Mar 2018 03:39 AM PDT

    Hate Bitcoin? This might change your mind

    Posted: 10 Mar 2018 02:42 PM PST

    Blockchain at UC Berkeley to expand its Bitcoin courses worldwide!

    Posted: 10 Mar 2018 06:13 PM PST

    BMI (The Bitcoin Misery Index) Is Flashing A Buy Signal

    Posted: 10 Mar 2018 02:54 PM PST

    Why Bitcoin is the Petroleum of our day, great article written by Tuur Demeester in 2014 but still very relevant.

    Posted: 11 Mar 2018 04:13 AM PDT

    One of the biggest IT companies in the world (Mail.Ru Group) is accepting Bitcoin

    Posted: 10 Mar 2018 10:40 AM PST

    Mail.Ru Group is largely unknown in the West, but it plays a major role in Russia: it owns two largest social networks in Russia (VK, OK) messenger ICQ, and a games division (Warface, Armored Warfare, Skyforge, Allods Online, Perfect World), among other things.

    Google translate of their announcement (a bit edited):

    Cryptocurrency is now accepted for advertising in the projects of Mail.Ru Group

    From today on, myTarget advertising platform for advertising on all Mail.Ru Group projects and in the partner network can be paid in Bitcoin (BTC), and the owners of sites and applications participating in the network will be able to receive income in the cryptocurrency in the near future.

    Mail.Ru Group expands the use of the popular currency Bitcoin. The company presents a convenient method of payment for those who already conducts business in the cryptocurrency: for advertising on the projects Mail.Ru Group, including VKontakte, OK and Mail.Ru, now you can pay in bitcoins.

    "We strive to give our clients maximum opportunities for business development. The myTarget platform will become a launching pad for the ecosystem, which we will further develop, including other Mail.Ru Group products and gaming projects, "says Dmitry Sergeev, First Deputy General Manager of Mail.Ru Group.

    For settlements in the cryptocurrency Mail.Ru Group uses BitPay, a payment processing system in bitcoins, with more than 50,000 customers including Microsoft, Virgin Galactic, PayPal, Zynga.

    Source (Russian): https://corp.mail.ru/ru/press/releases/10260/

    submitted by /u/themetalfriend
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    BitPay in damage control over outrage about their so called “network” fee for Bitcoin.

    Posted: 10 Mar 2018 08:01 AM PST

    $3b of all daily volume is fake, OKex main offender (again)

    Posted: 10 Mar 2018 06:33 AM PST

    Taking Down Bitcoin - we talk about the "51% Attack" on our crypto podcast

    Posted: 11 Mar 2018 01:13 AM PST

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