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    Bitcoin Bitcoin Core users should update to 0.16.3

    September 19, 2018

    Bitcoin Bitcoin Core users should update to 0.16.3

    Bitcoin Core users should update to 0.16.3

    Posted: 18 Sep 2018 03:03 PM PDT

    If you are currently running Bitcoin Core, then you should upgrade to 0.16.3 as soon as possible. You can download it from bitcoin.org or bitcoincore.org or via BitTorrent, and as always, make sure that you verify the download.

    If you only occasionally run Bitcoin Core, then it is less urgent, though it would be best to upgrade as soon as convenient.

    A bug was found which allows anyone capable of mining a sufficient-PoW block to crash Bitcoin Core nodes running versions 0.14.0 to 0.16.2. Stored funds are not at risk.

    Bitcoin Core derivatives such as Knots are also affected and have their own updates.

    Release announcement: https://github.com/bitcoin/bitcoin/blob/master/doc/release-notes/release-notes-0.16.3.md

    submitted by /u/theymos
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    Daily Discussion, September 19, 2018

    Posted: 19 Sep 2018 02:00 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.

    We have a couple chat rooms now. Come say hello.

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Spotted in Vancouver, Canada. Stay strong brothers.

    Posted: 18 Sep 2018 03:15 PM PDT

    "Bitcoin is cheaper, safer, and quicker. Nothing works with Palestinian banks. Bitcoin wallets are alternative banks."

    Posted: 18 Sep 2018 09:21 PM PDT

    VISA and Mastercard forced to pay $6.2 billion for over-charging on credit card fees! This is why we need bitcoin. Can't trust third parties.

    Posted: 18 Sep 2018 08:30 AM PDT

    Still hodling that December bullrun dream!

    Posted: 18 Sep 2018 07:51 AM PDT

    I wrote a guide on Atomic Swaps. All the projects inside are using them. Any others you can list?

    Posted: 18 Sep 2018 10:24 PM PDT

    Current situation

    Posted: 18 Sep 2018 08:55 AM PDT

    Thought you guys might appreciate this shirt.

    Posted: 18 Sep 2018 02:10 PM PDT

    The Price of Bitcoin is Meaningless

    Posted: 18 Sep 2018 10:14 AM PDT

    We did it, guys!

    Posted: 19 Sep 2018 12:56 AM PDT

    I was listening to breakfast tv this morning, and in some economics talk, their guest just casually mentioned Bitcoin as monetary unit without holding her breath. Like everyone knows what it was, and without needing to explain anything more to the listeners.

    Bitcoin's a thing, guys!

    submitted by /u/TightTightTightYea
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    If you are a company or a person affected by the NYDFS New York Bitlicense, please read this

    Posted: 18 Sep 2018 09:03 PM PDT

    Hello,

    The BitLicense was instituted in September 2015 in the State of New York and it is been used as a model regulation around the world. (Europe might be interested in doing something similar.)

    Since October 2015, I have been fighting the Bitlicense in the courts in New York City. In October 2017, my case finally heard in front of a judge. (You can read the transcript here.)

    The judge dismissed the case as not having standing to sue. https://www.coindesk.com/judge-dismisses-long-shot-bid-overturn-new-york-bitcoin-law/

    She is wrong and we are appealing the decision. We are looking for people interested to file Amicus Briefs to the appellate court. The whole process is documented by my lawyer in this document. (The deadline is November 1st, 2018)

    For more information about the case. r/https://www.article78againstNYDFS.com

    Regards,
    Theo Chino

    submitted by /u/theochino
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    Xbox have you been mining bitcoin on everyone's console!

    Posted: 19 Sep 2018 12:06 AM PDT

    A non-segwit batched transaction with 759 outputs was 25.989 kB

    Posted: 18 Sep 2018 09:37 PM PDT

    Probably beating a dead horse by now and preaching to the choir. FYI, this was done on LTC. But the amount of space it takes up in the blockchain would be the same for BTC.

    1. A batched non-segwit transaction with 759 outputs was about 25.989 kB.
    2. If we assume 26 kB equates to 780 addresses, the maximum # of outputs in a 1 MB block through a single non-segwit batched transaction would be about 29,000 addresses.
    3. Visa does 24,000 transactions per second. A 10 minute block would require 14.4 million outputs just to match the demand of a global payment system that Visa is doing alone.
    4. This would require at least 492 MB blocks.
    5. With segwit perhaps you can divide it by 3.7 which leaves you with about 132 MB blocks.
    6. In one day, this would take up 19 GB on your computer.
    7. This clearly exposes the limitations of on-chain scaling as it is unrealistic to expect a block to be filled with just a single batched transaction. Also the fact that it would just take 52 days for a 1 TB hard-drive to get filled highlights the need for off-chain solutions such as the Lightning Network.

    ​

    You can read the full breakdown here: https://theliteschool.com/lsc/2018/9/18/an-overview-of-batching-1263-outputs-with-litecoind

    submitted by /u/ecurrencyhodler
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    Bitcoins to Loogy's Butt!

    Posted: 19 Sep 2018 12:54 AM PDT

    Houston restaurateur first in U.S. to buy Bentley with bitcoin from Tilman Fertitta's luxe dealership

    Posted: 18 Sep 2018 04:03 PM PDT

    FULL NODE runners pls update your node ASAP.

    Posted: 18 Sep 2018 02:14 PM PDT

    Kind of an important bug patch from what I hear. So to keep network sound head over to https://bitcoin.org and wack up the new version when it's ready. Actually the ppa I use is still building I think so hopefully it will be ready soon. :) Mods may want to pin this or put up your own PSA. Cheers.

    submitted by /u/vroomDotClub
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    Mining Corp Bitmain is going bankrupt: Unconfirmed report

    Posted: 18 Sep 2018 07:48 PM PDT

    The article is in Chinese, it's saying Bitmain lost over USD 300M from trading Bcash, as well as suffering from a multitude of problems, such as no release of new chips, goods that are total losses and failure to expand market dominance in the AI market.

    https://ezone.ulifestyle.com.hk/article/2163399/%E5%82%B3%E6%AF%94%E7%89%B9%E5%A4%A7%E9%99%B8%E5%B0%87%E7%A0%B4%E7%94%A2%20%20%E6%8A%95%E8%B3%87%E5%A4%B1%E5%88%A9%E6%90%8D%E5%A4%B1%203%20%E5%84%84%E5%A4%9A%E7%BE%8E%E5%85%83

    submitted by /u/lawsonian
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    Bitcoin Knots 0.16.3.knots20180918 released, fixing CVE-2018-17144

    Posted: 18 Sep 2018 12:22 PM PDT

    Concert dude- "I like them all. They all have potential."

    Posted: 18 Sep 2018 09:37 PM PDT

    Commissioner: SEC Shouldn't Hold Back in Approving Crypto Products

    Posted: 18 Sep 2018 10:03 PM PDT

    Swiss Cafe Debuts 'First Of Its Kind' Bitcoin Lightning Network Orders

    Posted: 18 Sep 2018 11:41 PM PDT

    How Bitcoin Core sort different Bitcoins

    Posted: 19 Sep 2018 03:04 AM PDT

    Hello,

    Does anyone know how Bitcoin Core sort out which actual Bitcoins (input/output) you are sending?

    I mean in terms of down to satoshi-level, is it always first-in-first-out? Is it gathering up smaller "change" first, before splitting up larger amounts?

    Does anyone know if the Bitcoin Core has a "default" way of choosing which specific Bitcoins to send?

    submitted by /u/Kevingarnett44
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    Fidelity Investments is going to Release Crypto Products

    Posted: 18 Sep 2018 08:34 PM PDT

    The 4 stages of wisdom

    Posted: 18 Sep 2018 11:34 PM PDT
    Read more
    at

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