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    Bitcoin Daily Discussion, April 29, 2018

    April 29, 2018

    Bitcoin Daily Discussion, April 29, 2018

    Daily Discussion, April 29, 2018

    Posted: 29 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.

    Suggested Topics

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    • Wallet/Exchange/Network
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    • All things price
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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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    Value is always in the eyes of the beholder

    Posted: 28 Apr 2018 12:53 PM PDT

    Classic

    Posted: 29 Apr 2018 12:09 AM PDT

    Remember! with Banks, "only deposit what you can afford to lose!"

    Posted: 28 Apr 2018 02:02 PM PDT

    ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017. Lets make it number 1 this year. Spread the word!

    Posted: 28 Apr 2018 07:12 AM PDT

    Why Bitcoin should be priced in "Bits"

    Posted: 28 Apr 2018 02:27 PM PDT

    All forms of money need to be easily broken down into identical sub units.

    To the average person who stumbled across Bitcoin in 2017, the idea of a "Bitcoin" didn't make sense. How can I use a currency so expensive that I can't even own "one"? Why should I buy .01 of a $10,000 Bitcoin?

    Most of us understand that Bitcoin can actually be divided into 100,000,000 Satoshi's, making Bitcoin one of the most divisible currencies in the world, while retaining its perfect scarcity. However, most people are just now learning that YOU CAN BUY A FRACTION OF A BITCOIN.

    But even when they understand that, many people still perceive the price of a single "Bitcoin" to be super expensive, as if they missed their chance to buy Bitcoin on the "ground level".

    When the masses started coming during late 2017, the price of any coin under $1 exploded to the moon, all because people thought they missed out on Bitcoin and wanted the "next big thing" - expecting these coins to potentially reach $10,000 as well.

    Bitcoin -> Bits

    Breaking Bitcoin down into Bits is ultimately something we will need to do if we want the world to utilize Bitcoin as a usable (linguistically) currency. It makes more sense to buy a beer for 500 bits ($5), rather than .00005 Bitcoin.

    Similar to a stock split, this will give people the confidence to go buy 100 bits, and it will make them feel richer. Nobody likes to say, "I own a small fraction of a Bitcoin." They like to say I own 500 [insert coin here], or 100 Bits.

    A move from Bitcoin to Bits will spark another retail investor rally, and make Bitcoin a more "speakable" currency.

    My Plan to Break Bitcoin into "Bits"

    I run a web app: MoonRekt.com - a top 100 list/portfolio tracker. Now before you downvote me for shilling my own project (I'm just a college student contributing to the community), let me tell you it's 100% free, and I'm using it as a platform to spark the break Bitcoin into "Bits" movement. From now on, Moon Rekt will only quote Bitcoin in "Bits", and I encourage anyone running other Bitcoin apps/wallets/exchanges to do the same.

    Current Bitcoin Price: $0.0093 - slightly less than one cent.

    We should all start using Platforms that use Bits and also begin speaking in terms of "Bits". We need crypto Twitter to get in on this. We need other websites and apps to get on this. We need exchanges to get on this. And we need CNBC to get on this.

    The Bitcoin community is what controls Bitcoin, and if we all decide to start pricing Bitcoin in Bits, then the world will listen. Let's put an end to other worthless coins.

    Let's start a rally in Bitcoin that will change the way the world views money.

    Who's with me?

    Vires in Numeris -- "Strength in Numbers"

    submitted by /u/JoeB34
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    Regulators and crypto

    Posted: 28 Apr 2018 01:35 PM PDT

    Can you buy partial bitcoins and store them in a paper wallet?

    Posted: 28 Apr 2018 08:05 PM PDT

    If I have $2000 to spend on BTC, can I still store "partial bitcoin" in my own paper wallet?

    I've done some searching and can't seem to verify if this is true or not. Not sure if you need to own a full coin before it goes into your wallet. Any help is appreciated.

    submitted by /u/scyzoryki
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    I wonder how they paid for that car...

    Posted: 28 Apr 2018 05:27 PM PDT

    A Bitcoin ATM Inside the Most Ghetto Gas Station in Cleveland.

    Posted: 28 Apr 2018 03:04 PM PDT

    Shilly Wonka!

    Posted: 29 Apr 2018 02:39 AM PDT

    The government of the Philippines has announced that it will now allow ten cryptocurrency companies to operate in a Special Economic Zone in Cagayan.

    Posted: 29 Apr 2018 02:39 AM PDT

    Welcome to r/BTC. Where we post a screenshot showing BCC, which we call 'bitcoin' then use (BCH) to clarify that we are not talking about BTC, which we will rename to Bcore.

    Posted: 29 Apr 2018 03:06 AM PDT

    Did you know that LN channels don't have to be closed when all funds are spent? You can re-balance those via LN and keep your LN hot wallet open (almost) forever.

    Posted: 28 Apr 2018 06:43 AM PDT

    Food, Beer and Lightning Payments with Savoury Eats Food Truck Tuesday, May 1st at Saltwater Brewery

    Posted: 28 Apr 2018 01:40 PM PDT

    If you're in the south Florida area and want to experiment with lightning payments over the main net for some good food come by the Savoury Eats food truck at Saltwater Brewery in Delray Beach FL Tuesday, May 1st from 3-9. Walk up, order and pay over lightning.

    Here is a guide for downloading Eclair and steps to opening up a channel with the Savoury Eats Lightning node. https://blockchainveteran.com/real-bitcoin-lightning-network-payments/

    Its some seriously good food. If you're curious, check out the menu https://www.savouryeats.com/menus .

    submitted by /u/21millionbitcoins
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    If a country bans bitcoin, investors will move away

    Posted: 29 Apr 2018 01:57 AM PDT

    In Puerto Rico, there is no tax on crypto. You can hodl and then once you are a multimillionaire you can just go to puerto Rico and retire. If a country bans crypto or excessively taxes it, bitcoin holders can just move, depriving the country of tax revenue and business while the crypto friendly country receives business, capital, and potential tax revenue. This means there is a price to being crypto unfriendly. A country does so at its peril. Countries don't matter anymore.

    The people don't bow down to countries anymore. Countries bow down to the people now.

    Unless every single government in the world launches a coordinated attack on crypto, there is no stopping crypto.

    submitted by /u/tramselbiso
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    Warren Buffet vs. Bitcoin, 5 years chart, logarithmic scale

    Posted: 28 Apr 2018 10:52 AM PDT

    Australian Property For Sale - Bitcoin Accepted So Featured On TV

    Posted: 28 Apr 2018 09:04 PM PDT

    After just 7 days. Imagine the horror on 8 or 32 MB blocks

    Posted: 29 Apr 2018 01:18 AM PDT

    A Study That Investigates If Bitcoin Bubbles Are Predictable Combining a Generalized Metcalfe’s Law and the LPPLS Model

    Posted: 28 Apr 2018 06:59 PM PDT

    Bank of America running scared and stupid over crypto.

    Posted: 28 Apr 2018 05:28 AM PDT

    Are there any legit trading bots? [Serious]

    Posted: 29 Apr 2018 02:33 AM PDT

    Hi everyone,

    following this sub there are always a couple of obvious spam posts about trading bots, but are there any legit ones that I could throw some fun money against?

    Could be an interesting thing to play with, thanks in advance.

    submitted by /u/day1patch
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    SEC Chairman States Bitcoin Not A Security Under Federal Law

    Posted: 28 Apr 2018 09:31 AM PDT
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