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    Monday, April 30, 2018

    Bitcoin Video: A Deep Dive into Lit: A Lightning Network Implementation (SF Bitcoin developers)

    Bitcoin Video: A Deep Dive into Lit: A Lightning Network Implementation (SF Bitcoin developers)


    Video: A Deep Dive into Lit: A Lightning Network Implementation (SF Bitcoin developers)

    Posted: 21 Apr 2018 12:26 AM PDT

    Daily Discussion, April 30, 2018

    Posted: 30 Apr 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.

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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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    CEO of Binance actually gives a f***. This is the exact moment he was introduced to the Bermuda Shorts by the Bermuda Development Agency; A formal dress code in the country

    Posted: 29 Apr 2018 06:16 PM PDT

    New Ledger features!

    Posted: 30 Apr 2018 01:16 AM PDT

    someone put a BTC-symbol on to the swiss federal bank!

    Posted: 29 Apr 2018 12:01 PM PDT

    Truth about Bitcoin mining

    Posted: 29 Apr 2018 04:58 AM PDT

    Just like there is no email.com that owns email, there is no bitcoin.com that owns bitcoin; the code is open-source.

    Posted: 30 Apr 2018 01:19 AM PDT

    UK Banking out of control, and there is worse to come, you have been warned.

    Posted: 30 Apr 2018 01:36 AM PDT

    I see your exotic cities and raise you a Chevron in San Ysidro, CA (less than 1 mile from the Mexican border).

    Posted: 29 Apr 2018 07:46 PM PDT

    Bitcoin.com Fraud Lawsuit Group Gaining Steam With Over 1000 Members

    Posted: 30 Apr 2018 03:31 AM PDT

    A Canadian Bitcoin ATM

    Posted: 29 Apr 2018 11:56 PM PDT

    Japan SBI Holdings' New Cryptocurrency Exchange to begin in Summer

    Posted: 30 Apr 2018 12:41 AM PDT

    St. Louis Federal Reserve says Bitcoin is “Like Regular Currency”

    Posted: 29 Apr 2018 08:54 AM PDT

    Saw this on Twitter today ��

    Posted: 29 Apr 2018 08:30 PM PDT

    Bitcoin is "On the Edge of Mass Cryptocurrency Adoption"

    Posted: 29 Apr 2018 04:29 AM PDT

    in my opinion what we really need now is an easy way to accept LN payments

    Posted: 29 Apr 2018 10:53 AM PDT

    It's now very easy to pay LN invoices, so easy in fact that there's even an app out on android and that was a huge step.

    I ordered a sticker the other day and read articles on yalls.org and it's amazing, if you haven't tried it yet definitely grab a handful of satoshi and try it for yourself.

    With that done the bottleneck in public testing has now moved on to accepting payments, it still takes quite a bit of work and technical knowledge to set up a node etc. In fact I'm currently struggling through that myself (new node soon yeay) and I'm not stupid but it's hard and takes considerable effort.

    I can't wait until some sort of easier way comes along, maybe even a buffer that takes LN payments and forwards substantial sums to a BTC address.

    submitted by /u/day1patch
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    Bitcoin LN network is still being tested. Don't risk big amounts and yet, give it some time and patience to grow and stabilize.

    Posted: 29 Apr 2018 01:32 PM PDT

    Bitcoin’s Wikipedia Page Has “Misleading” Block Explorer Removed, Heated Debate Ensues

    Posted: 29 Apr 2018 09:10 PM PDT

    Artwork for all you hodlers

    Posted: 30 Apr 2018 03:00 AM PDT

    Most people get paid either weekly or bi-weekly. Will the lightning network allow people to get paid by the minute?

    Posted: 29 Apr 2018 09:55 PM PDT

    If I'm broke on Tuesday I have to wait 3 days before I get paid and before I can eat..... with lightning network allowing me to get paid by the minute, I only have to wait a full hrs to have enough to buy a meal....

    submitted by /u/omnifecint
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    Crypto Auctions: Where Do Arrested Bitcoins End Up?

    Posted: 29 Apr 2018 11:04 PM PDT

    Australia Solar-Mining Farm to Cut Bitcoin’s Carbon Footprint

    Posted: 29 Apr 2018 09:04 AM PDT

    Bitcoin is a Multi-Trillion $ market cap, who can’t see this?

    Posted: 29 Apr 2018 04:39 PM PDT

    If admissible and necessary, this e-mail exchange between Satoshi and Hearn could be the single strongest piece of evidence in dismantling Ver's position.

    Posted: 29 Apr 2018 05:28 PM PDT

    This was also posted to the Telegram chat

    I thought I'd offer what I consider to be the most decisive piece of evidence contradicting the claims by Ver et al that "BCH is Bitcoin".

    I say decisive because there is no formal support for such claims; they necessarily and entirely depend on an appeal to authority. That authority is accessed by reference to 1. the writings of Satoshi Nakamoto and 2. the Bitcoin whitepaper. Reference to either of these is of course fallacious, as Satoshi is inaccessible and interpretation of the intent behind his writings are purely subjective, and thus unfalsifiable. That being said, Ver et al will likely lean on such a priori appeals to support their defense. And this piece of evidence 1. meets Ver's assertions in kind, on his terms and 2. wholly contradicts them.

    Here is reference to the source: The April 12, 2009 e-mail exchange between Mike Hearn and Satoshi Nakamoto. Source

    The rest of the related e-mail exchanges can be found here

    The revelant sections can be found on lines 12-23 (Hearn's question), and then line 63 (Satoshi's answer). They read as follows:

    Hearn:

    1. Specifically, it's not quite clear to me what blocks contain. If I

    2. understand correctly, there is only one (or maybe a few) global

    3. chain[s] into which all transactions are hashed. If there is only one

    4. chain recording "the story of the economy" so to speak, how does this

    5. scale? In an imaginary planet-wide deployment there would be millions

    6. of even billions of transactions per hour being hashed into the chain.

    7. I realize that each PoW can wrap many transactions in one block,

    8. nonetheless, that's a large amount of data to hash. If there are many

    9. chains, how are transactions assigned to each chain such that it is

    10. still difficult to overpower the network? Eg, if there are 10 global

    11. chains, the amount of cpu power you need to beat the system is only

    12. 10% of what it was previously.

    Satoshi:

    1. There is only one global chain.

    There you have it. If Ver appeals to Satoshi's original intent to justify BCH as Bitcoin, or an implementation of Bitcoin, or a branch of Bitcoin, we have it here, in black and white, direct from the horses mouth. "There is only one global chain". A possible major complication here, however, is we have no access to the original e-mails. Unless Hearn offers them, or is compelled to hand them over (unlikely), all we have is the reproduction.

    Whether this is ultimately admissable or not(or even needed), what we can all take from this exchange is that Satoshi explicitly stated, from the very beginning, what Bitcoiners have implicitly understood all along: Bitcoin is Bitcoin.

    Hope this helps!

    submitted by /u/paintedfrog
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    Winklevoss Crypto Exchange Partners With Nasdaq In Industry First

    Posted: 29 Apr 2018 02:48 AM PDT

    Bitcoin transactions are instant. Confirmation is what takes time.

    Posted: 29 Apr 2018 01:42 PM PDT

    When you send bitcoin from wallet to wallet (what it was made for) the transaction is visible after maybe 5 seconds.

    submitted by /u/PM-ME-all-Your-Tits
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