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    Bitcoin Daily Discussion, March 24, 2018

    Bitcoin Daily Discussion, March 24, 2018


    Daily Discussion, March 24, 2018

    Posted: 24 Mar 2018 03:01 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
      • service outages
      • troubleshooting
      • fee estimation
      • unconfirmed transactions
    • All things price
      • hodling
      • the dip
      • the moon
      • price going up
      • price going down
      • technical analysis
      • price on your smart phone
      • price on your smart watch
    • Stuff you bought with Bitcoin
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      • Lambos
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      • Pizza
    • Questions
      • Receiving Bitcoin
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    • That thing your coworker said
    • Bitcoin Showerthoughts
    • Random music videos
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    • Interesting threads
    • Future speculation
    • News of the day
    • Memes, GIFs
    • Twitter links

    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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    I found one of us in the wild!

    Posted: 23 Mar 2018 01:26 PM PDT

    BITCOIN EXPLAINED. Gold back in 700BC was no different...

    Posted: 23 Mar 2018 09:02 PM PDT

    We're excited to reveal our next #LApp for @Blockstream's #WeekofLApps: #LightningPublisher for @WordPress is a plug-in that lets content creators, businesses, or anyone with a WP site to accept $BTC payments instantly via the #LightningNetwork

    Posted: 23 Mar 2018 02:15 PM PDT

    LN Payment on Bitcoinshirt.co The future is happening!

    Posted: 23 Mar 2018 03:36 PM PDT

    $1.3 trillion spending bill signed. Over 2,000 pages of inefficient and unnecessary spending most members of Congress don't even read.

    Posted: 23 Mar 2018 10:50 AM PDT

    We live in exciting times!

    Posted: 23 Mar 2018 05:43 PM PDT

    I'm actually quite fascinated by what's going on right now. I never thought we'd have the option of a quiet, peaceful revolution, but here it is. I'm actually excited!

    I never thought bitcoin would be basically draining resources from the all powerful global banks. Whenever they try to take it down it just gets back up stronger. Why? It's because people have an interest in making it work. Why? Greed. The design is so elegant it just appeals to our very nature.

    We're poking the dragon's heel with a needle and the needle is just going to get bigger and bigger until it turns into a sword that can slay the dragon. The more we use cash for small transactions the weaker the banks get. The more we use bitcoin for larger transactions or international payments the weaker the banks get. The more we keep our savings in gold/bitcoin or anything else that doesn't belong to the banks the weaker the banks get. They use our money against us. Time to take it back! When Lightning gets fully implemented there will be a revolution. It will be fast, it will be peaceful, it will be an overall positive change and it will be decentralized.

    TL;DR: Use cash for small transactions and bitcoin for either large transactions, international payments or simply storing value. Soon we'll have LN deployed and we'll be able to use bitcoin for things like daily groceries or coffee. Oh, right. Forgot an important one: HODL most of it, spend some of it and then reload.

    submitted by /u/WoofKibaWoof
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    "Printing money has successfully destroyed the middle class. Central Banks around the world have distorted all asset prices. Income inequality has skyrocketed, as savers are punished and the rich continue to play monopoly with the Fed!" <- Bitcoin FTW

    Posted: 23 Mar 2018 08:23 AM PDT

    Binance Moves to “Blockchain Island” of Malta and Will offer EUR Pairs | CCG

    Posted: 23 Mar 2018 03:45 PM PDT

    Satoshi's Vision Conference 2018 - Day 1 Highlights��

    Posted: 23 Mar 2018 03:50 PM PDT

    Bank Accounts Could Disappear - Deutsche Bank

    Posted: 24 Mar 2018 03:15 AM PDT

    Lightning Network *MAINNET* has > 1000 nodes. 2079 channels. IT'S HAPPENING!!!

    Posted: 23 Mar 2018 07:46 AM PDT

    REMEMBER: There will NEVER be enough BTC for all of today's existing millionaires to own just ONE.

    Posted: 23 Mar 2018 07:44 AM PDT

    There will only ever be a maximum of 21 million bitcoins.

    Ever.

    Total number of millionaires (in USD value) worldwide is around 33 million (source: https://www.cnbc.com/2016/11/22/12-million-new-millionaires-will-be-minted-over-the-next-five-years.html)

    The math is simple: there simply isn't enough Bitcoin in the world for every one of today's millionaires to own even ONE SINGLE BITCOIN. Much less all the future Millionaires waiting to be born.

    If you are able to acquire even one BTC today: Enjoy the feeling.

    You are an early adopter. And one of a select few.

    submitted by /u/Kinolva
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    Is anyone working on an LN tipper bot here on reddit?

    Posted: 23 Mar 2018 07:30 PM PDT

    That would be kind of cool. It would be a great way to bring business to a custodial LN wallet business.

    submitted by /u/N0tMyRealAcct
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    Hello /r/Bitcoin, this is Jared & Derek from the Digital Assets Coalition of America. We are a national group of lobbyists and crypto lovers fighting to restore like-kind transactions and lower capital gains. Join us for our AMA this Sunday at 1PM est!

    Posted: 23 Mar 2018 05:30 PM PDT

    Before we were members of the Digital Assets Coalition of America (DAC), we watched as blockchain and distributed ledger technologies (DLTs) grew from proof-of-concepts to the powerhouses of innovation that they are today. Digital assets and distributed applications are revolutionizing the way the world does business, manage data, assign and validate ownership, provide accountability, auditing, and more. Simply put, within a sensible regulatory climate, DLTs can fuel the American economy for generations to come.

    However, there's an issue happening right now that we as a community must come together and resolve. The crypto community deals with an unacceptable lack of representation in the creation of the federal policies that regulate everything from ICO participation to tax policy.

    In response, we formed a coalition of innovators, strategists, lobbyists, and educators to ensure representation on the issues that affect us all. Through public education campaigns, congressional workshops, and face-to-face interaction with legislators, we're educating the federal government on DLTs to promote a favorable regulatory climate, facilitate informed policymaking, and secure the USA's position as a global leader in the digital asset arena.

    Our first policy objective is to reinstate crypto-to-crypto trades as like-kind transactions. With the passing of the new tax bill, like-kind transactions only apply exclusively to real estate exchanges. This change has resulted in an over-complicated reporting process that makes filing compliant taxes exceptionally difficult and inefficient. The new bill also opens the risk for traders and users to be hit with massive taxes that are potentially disproportionate with their true profits.

    Secondly, we want to reduce the capital gains tax rate for both short and long-term digital asset holdings. With current policy, every time digital assets are used to make a purchase, or when digital assets are converted to fiat, the consumer is forced to pay high capital gains tax on the transaction. This financial burden disincentivizes spending crypto, acts as a barrier to adoption, and ultimately prevents crypto's tremendous market cap from ever benefiting the economy.

    Our team is composed of experts such as Stephani Scruggs, who led the resistance to the Trans-Pacific Partnership (TPP) which resulted in nearly a dozen delayed Fast Track TPA votes and the ultimate demise of the TPA. Stephani has advised President Trump on international trade deals, currency manipulation, and the Chinese trade wars. She also has experience working closely with Congressional offices to strategize and develop international trade and economic policy, establishing her as a fountain of wisdom on Capitol Hill.

    Or Michael Bowen, an international trade expert, whose organization advised the Trump campaign on trade agreements. Michael has also advised Congress on economics, housing development, international trade, and currency manipulation. Over the course of Michael's career, he has negotiated over $1 billion in capital market transactions and implemented the largest affordable housing development in Hawaiian history.

    Recently, we've on-boarded Frank McCarthy. After 20 years embedded in and advising on politics, media and policy making, as well as serving two House Transportation Committee Chairmen, Frank founded McCarthy Advanced Consulting (MAC). Frank uses his experience as a seasoned congressional staffer to run MAC, a nationally recognized lobbying firm that is known for helping unions fight above their weight class. We want to make sure you're a part of this process. We want you to ask us questions during the AMA this Sunday (the 25th) at 1PM est, but in the meantime, we have a few for you!

    1. Do you know of any industry leaders that you would like us to reach out to?

    2. What policy would you like to see changed or put into law?

    3. Do you have a thorough understanding or access to the resources necessary to pay taxes associated with your cryptocurrency?

    4. What is your favorite cryptocurrency use-case?

    5. What websites or publications do you use to stay updated on cryptocurrency news?

    We look forward to seeing you Sunday at 1PM est! We'll be updating this post with the AMA link.

    Thank you all for doing your part to Keep America FUD Free!

    - Your Friends at DAC

    P.S. If you would like to stay up to date with us, feel free to subscribe to our newsletter through our website (DigitalAssetsUSA.org) or follow us on Facebook!

    tl;dr - The Digital Assets Coalition of America has your back on a Federal level.

    EDIT: Fixed a typo :)

    submitted by /u/DigitalAssetsUSA
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    REMEMBER: There will NEVER be enough Satoshi for all of today's existing people to own just 300k.

    Posted: 23 Mar 2018 10:59 AM PDT

    That's 0.003 BTC

    But really like 250k, as after 2020 population will grow faster than new Bitcoin.

    submitted by /u/kybarnet
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    @lopp with a kick-ass ELI5 of Bitcoin in one sentence: "Bitcoin is a game where everybody watches everybody else to make sure nobody cheats."

    Posted: 24 Mar 2018 02:17 AM PDT

    Yahoo Japan to Launch Cryptocurrency Exchange in 2018, Says Report

    Posted: 23 Mar 2018 05:15 AM PDT

    Healthcare Is Aching for Solutions: Is Blockchain The Answer?

    Posted: 24 Mar 2018 03:30 AM PDT

    Seen at my university

    Posted: 23 Mar 2018 05:33 AM PDT

    SEC is to Examine Up to 100 Hedge Funds Focused on Cryptocurrencies, WSJ Reports

    Posted: 23 Mar 2018 10:26 AM PDT

    More people need to be aware of how our financial system works. So. Here you go. #TheMoreYouKnow

    Posted: 23 Mar 2018 01:00 PM PDT

    The Lightning Network and Bitcoin

    Posted: 23 Mar 2018 02:54 PM PDT

    Artist Hides Secret Code to $10,000 Worth of Cryptocurrencies in Lego Artworks

    Posted: 23 Mar 2018 07:09 PM PDT

    Graph indicating when BTC was 50% or less of ATH?

    Posted: 24 Mar 2018 03:28 AM PDT

    Anyone seen something like that? I'm thinking red dotted line where the value was half or below half compared with, at that time, the all time high.

    submitted by /u/hoisinABC
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