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    Bitcoin Daily Discussion, April 05, 2018

    April 05, 2018

    Bitcoin Daily Discussion, April 05, 2018

    Daily Discussion, April 05, 2018

    Posted: 05 Apr 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.

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    submitted by /u/rBitcoinMod
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    Satoshi chose today's date as his birthday. On this date the Federal Reserve confiscated all the gold from the US citizens.

    Posted: 05 Apr 2018 12:14 AM PDT

    Bitcoin's Situation Now and Future. ��

    Posted: 05 Apr 2018 12:26 AM PDT

    Mark Karpelès Before and After

    Posted: 05 Apr 2018 12:35 AM PDT

    Eclair Wallet released for main net!

    Posted: 04 Apr 2018 10:50 AM PDT

    Copay is the most broken Bitcoin wallet. 137 satoshi/byte and a red Warning for High fees!! lol

    Posted: 05 Apr 2018 01:08 AM PDT

    Bitpesa CEO is Frustrated about Media's obsession with Price while they are Demonstrating industrial usecase everyday!

    Posted: 04 Apr 2018 04:31 PM PDT

    Some of the LN apps are really interesting and will surely help adoption of BTC in general. Number of LApps keeps growing by day

    Posted: 04 Apr 2018 02:13 PM PDT

    Smart chart

    Posted: 04 Apr 2018 11:39 AM PDT

    BitPay mobile wallet setup fees at 162satoshi/byte the same time network needs only 4satoshi/byte!!

    Posted: 05 Apr 2018 01:58 AM PDT

    I made Website for daily Bitcoin - Altcoins Traders and giving it to public as a gift - free, no registrations, no ads, SSL Secured

    Posted: 05 Apr 2018 03:08 AM PDT

    This is the time to buy bitcoin

    Posted: 04 Apr 2018 08:21 AM PDT

    For those newcomers out there in this subreddit (and I know there are many of you, as the subreddit has grown very rapidly in the last 12 months), this is the time to buy.

    In all the times that you felt left out, on the sidelines with no capital to invest that will yield any significant amount of bitcoin, the door has now opened. For most, when good things happen such as the price rising meteorically, they feel very good and sort of just "ride the wave." Unfortunately, those same people usually ride the wave down as well. Therefore, when it comes time when the price has dipped into ranges like we see today, misery increases.

    We are social creatures, and thus we mimic each others' emotions in order to fit in. Fitting in, however, is not how you get ahead. It's not how you make money. In order to do that, you need to go against the grain and take risks. The risk that presents itself in these situations is the possibility of community disillusionment to such an extreme degree that we see capitulation to much lower levels. This, however unlikely, is still a possibility.

    To summarize what I'm saying here, most of us simply "project" the sentiments of those around us, rather than exercising our own agency. When this happens, our free will is stripped of us, and we get stuck in a loop that is beholden to the whims of the collective.

    To have agency requires suffering, sadly... And a lot of it.

    Those "evil" people, such as Roger Ver, Jihan Wu, and others, have acquired so much wealth in this ecosystem because they have bought through the horrific dips (and undoubtedly helped to cause some, but for now, that's beside the point). These types of people, unfortunately, are banking on you showing that you do not exist as a sovereign individual, and thus being justified in treating you as some type of slave. It's sickening, but true. There aren't too many people like Ver and Wu in this world, but there are enough of them to do some real damage.

    The philosophy that may help you to get through this painful cycle is to think of it this way: you're taking coins out of the hands of Wu and Ver, and those like them. Your hands will be more steady in their actions, more virtuous, and will help build things. Not only does this increase your strength, but in however small a manner, it decreases theirs.

    That's why it is those who truly believe in the idea of bitcoin that tend to buy more in the dips, and acquire more of a market share... And why bad actors do so as well, from what I can tell. Bad actors have a belief that you are not able to make your own decisions. Good actors have a belief that something beautiful can come out of this all.

    What is the one unifying factor of it all? There is some type of belief. That's the way it always is. You only have efficacy in the world if you believe in something, no matter what it is. Prove you want bitcoin and aren't simply a projection by suffering mightily through these periods, and buying more.

    That's all. Have a good day, and keep kicking ass and taking names, bitcoiners :-)

    submitted by /u/terr547
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    Built a (overt) AsicBoost Block Explorer! What do you guys think?

    Posted: 04 Apr 2018 10:04 PM PDT

    I used to check the bitcoin price every day...but now I check the lightning network nodes every day...it feels a lot healthier and I feel more confident in my never sell position. Plus, the LN is always growing.

    Posted: 04 Apr 2018 11:11 AM PDT

    Is it Acceptable for Altcoins to use "Bitcoin" in their names? - Coinjournal

    Posted: 04 Apr 2018 11:24 AM PDT

    Indian FUD again, but this time it's real notification received by RBI (Central Bank of India)

    Posted: 05 Apr 2018 03:17 AM PDT

    First Bitcoin Lightning Network Android App Hits Google Playstore

    Posted: 05 Apr 2018 04:04 AM PDT

    Yea, no shit mom.

    Posted: 04 Apr 2018 02:04 PM PDT

    My experience using Eclair to make a Lightning Network purchase today!

    Posted: 04 Apr 2018 08:59 PM PDT

    I was pretty excited to try Eclair and took notes as I did it so I could share my experience:

    1. Went to Google Play Store. Downloaded Eclair Wallet for Mainnet (be careful. Eclair for Testnet is the first app to show up on the Play Store.)

    2. Downloaded it. 23 MB took about 1 minute on wifi.

    3. Set it up. Copying down the 24 word seed phrase took 30 seconds. Then I had to verify that I wrote down the seed phrase which by typing in 3 of the words.

    4. W00t! Eclair is all set up. Now to send a few bits from an exchange to my new wallet. I got lucky and it confirmed within 5 minutes.

    5. I want to open a channel. I'll just open one to the ACINQ node because there's a button that does that automatically.

    6. It's been 5 whole minutes and my channel still isn't open. I'm going to get a burrito and maybe when I'm back it'll be open.

    7. I now have a burrito and an open lightning channel :) Time to buy stickers and a t-shirt.

    8. Put 2 stickers and a t-shirt in my cart at the Blockstream store. Type in my address. Blockstream store generates a payment request QR code. I scan it. 3 errors. I think the channels between Eclair's node and blockstream have some sort of issue but I don't feel like troubleshooting it now.

    9. Close the channel to ACINQ node so I can put funds in a channel to a node with more connections.

    10. I want to connect to the SLEEPYARK node. It looks well-connected. The only ways to add a specific node are to either paste in the node URI or scan a QR code. I can't find SLEEPYARK's URI in a QR code nor in the 'nodeId@host:port' format anywhere and I don't like typing on my phone so I'm going to make a QR code on my computer by googling the nodeId, host and port and putting them in the appropriate format, then converting it to a QR code on some random website.

    11. Put 2 stickers and a t-shirt in my cart at the Blockstream store. Type in my address. Blockstream store generates a payment request QR code. I scan it. PAYMENT SENT! Wow that was fast (fraction of a second).

    12. Write reddit post about my experience.

    Summary: Setting up Eclair was easy. If you can figure out how to set up a Coinbase account with 2FA you can figure out how to set up Eclair.

    It took about 5 minutes of my attention to set up (if you don't count the time spent waiting for tx confirmation). The future is pretty much here! I don't think finding good nodes to connect to is idiot-proof yet. Blockstream Shop charged me $12 to mail a t-shirt and 2 stickers which seems excessive.

    But soon everyone will see my t-shirt and know that I do not subscribe to the ideology of trusted 3rd parties.

    submitted by /u/Priest_of_Satoshi
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    When you bought at the ATH but are still HODLing

    Posted: 04 Apr 2018 09:56 AM PDT

    An easy to use lightning wallet (eclair) is available and bitcoin is relatively low in USD valuation...one hell of an opportunity for those on the fence, and vets alike. Technology moves fast.

    Posted: 04 Apr 2018 09:15 PM PDT

    Get Prepared Malta

    Posted: 05 Apr 2018 01:12 AM PDT

    Ski rental with bitcoin.

    Posted: 04 Apr 2018 09:28 AM PDT

    CEO of Korean crypto exchange CoinNest arrested for embezzlement and fraud

    Posted: 04 Apr 2018 07:24 PM PDT

    Deconomy 2018 bcash collusion

    Posted: 05 Apr 2018 03:05 AM PDT

    Event seemed rigged and skewed to present bcash as viable debate, someone sent me this link regarding organiser:

    https://www.meetup.com/Seoul-Bitcoin-Cash-Meetup/events/247498529/

    submitted by /u/genieforge
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