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    Monday, September 17, 2018

    Bitcoin Daily Discussion, September 17, 2018

    Bitcoin Daily Discussion, September 17, 2018


    Daily Discussion, September 17, 2018

    Posted: 17 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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    Robinhood Investing App Secretly Makes Millions Selling Millennials' User Data To HFT Firms

    Posted: 16 Sep 2018 07:41 PM PDT

    TIL: Bitcoin mining uses less electricity than gold mining, paper currency printing, the banking system and also governments.

    Posted: 16 Sep 2018 09:18 AM PDT

    The bitcoin lightning network explained in 5 minutes

    Posted: 17 Sep 2018 12:11 AM PDT

    With over $2.4 trillion sent in 2018, Bitcoin now processes more transaction value than Visa.

    Posted: 16 Sep 2018 01:42 PM PDT

    The 10th anniversary of Bitcoin

    Posted: 17 Sep 2018 02:13 AM PDT

    The 10th anniversary of bitcoin will be upon us in only a few months. Will you be celebrating? If so let us know what you've got planned. How significant will the 10th anniversary be, will it highlight bitcoin's resilience and strength? What do you think?

    submitted by /u/Moonfolio
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    If you got into cryptocurrency solely to make a profit, watch this video.

    Posted: 16 Sep 2018 11:15 PM PDT

    JPMorgan Predicts the Next Financial Crisis Will Strike in 2020

    Posted: 16 Sep 2018 04:44 PM PDT

    New Exchange To Offer Decentralized BTC Dark Pool Trading With KYC Integration

    Posted: 16 Sep 2018 08:34 PM PDT

    This past Friday, an article was released (https://medium.com/republicprotocol/republic-protocol-partners-with-wyre-1ccdedaa296d) detailing some specifics around a soon-to-be-launched decentralized Dark Pool exchange called RenEx that will likely enable a healthy increase in BTC trading volume.

    For anyone unfamiliar, RenEx is being built on top of the Republic Protocol, a protocol designed to power dark pool exchanges. REN is a utility token for the protocol that provides fuel and security to the engine.

    But what's more interesting is a recent collaboration between the RenEx exchange and a company called Wyre. Wyre's decision to partner with the Republic Protocol / RenEx team is exciting for a few different reasons:

    First, these guys have an OTC desk that is going to be on boarded onto the RenEx platform, providing (what I would assume to be) a pretty substantial amount of liquidity. Wyre formally announced their OTC desk back in May of this year, but has traded $3.5 billion in cryptocurrency assets in-house since 2013.

    Perhaps even more interesting... Wyre is also going to provide Know-your-customer (KYC) and Anti-money laundering (AML) services to the RenEx exchange. At the end of the day, this will be the first DECENTRALIZED Dark Pool Crypto exchange offering users a level of compliance that's consistent with big banks working in traditional financial markets. A statement released by Wyre included the following, which, in my opinion, did a great job at capturing the potential impact that this could have on BTC and other Crypto markets:

    "We can't overstate how excited we are to be able to leverage our unique combination of payments infrastructure and legal compliance services to help bring Republic Protocol's offering to life. As Republic Protocol CEO Taiyang Zhang noted, this represents the shared focus of the two teams 'on facilitating the entry of traditional institutional investors and funds to provide the increased liquidity digital asset markets need to grow and flourish.'" (https://blog.sendwyre.com/republic-protocol-partners-with-wyre-to-provide-liquidity-for-decentralized-cryptocurrency-dark-4248e4912b77)

    Would be curious to hear others thoughts on this...

    submitted by /u/cryptoMadness5K
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    Two-Thirds of Cryptocurrency Investors want to be paid in Bitcoin

    Posted: 16 Sep 2018 08:47 PM PDT

    Improving Finland's crypto taxation

    Posted: 16 Sep 2018 03:03 PM PDT

    In early July 2018, Finland introduced one of the most punitive crypto taxation schemes in the world.

    1. All Bitcoin/crypto transactions are taxable events, and taxed against euro value.
    2. All wins are taxed as capital gains.
    3. Losses are not deductible.
    4. Mining income is considered salary for taxation purposes.

    The new tax rules single-handedly killed the industry in Finland. Nobody in their right mind would daytrade with this taxation, and even buying coffee with BTC would be a taxable event. I wrote multiple popular blogs about the topic, saying that this move will cause a lot of harm down the road, as Bitcoin and blockchain-based business grows and Finland will be left out completely.

    The lobbying worked and the tax administration took notice. On Monday the 17th of September, we have 4 of the country's leading blockchain activists gathered together with the tax administration to discuss changes. The crypto-community is still small, so we have to keep talking publicly about the importance of this industry to help the governments make better decisions.

    Wish us luck!

    submitted by /u/alasaarela
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    Mt. Gox

    Posted: 17 Sep 2018 12:37 AM PDT

    So I had about 43 bitcoins back in 2012 that I had in my Mt. Gox wallet for silk road. I thought that I had completely lost my btc but the news came out that they are issuing refunds. Has anyone submitted a claim? Does anyone know what to do if I can't remember my damn password? Any assistance would be greatly appreciated

    submitted by /u/ErisEnlighten
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    9 months of lightning network growth. This is it!

    Posted: 16 Sep 2018 10:43 AM PDT

    One Billion Dollars' Worth of Bitcoin to Flood Market, Courtesy of Mt Gox

    Posted: 17 Sep 2018 01:31 AM PDT

    The Buck Stops Here: Europe Seeks Alternative to U.S.-Dominated Financial System

    Posted: 16 Sep 2018 02:12 PM PDT

    Always cash out enough for taxes

    Posted: 16 Sep 2018 11:54 PM PDT

    “Compile Bitcoin Core 0.17.0rc3 With Tor Hidden Service, ncurses TUI on FreeNAS 11.2 iocage Jail”

    Posted: 16 Sep 2018 03:55 PM PDT

    Just saw this on r/ProgrammerHumor and wanted to share here.

    Posted: 16 Sep 2018 09:27 AM PDT

    How Money Works - basics understanding for bitcoin (The Collapse of The American Dream Explained in Animation)

    Posted: 17 Sep 2018 02:59 AM PDT

    Online Bitcoin Bragging will attract Malicious Actors, warns Google

    Posted: 16 Sep 2018 09:16 PM PDT

    Institutional Money is Going to Flood into “Paper Bitcoin”

    Posted: 16 Sep 2018 04:17 PM PDT

    The first Cryptocurrency radio transaction. Solar powered, mesh net, and on chain

    Posted: 16 Sep 2018 08:02 AM PDT

    Popular P2P Trading Platform experiencing drop in users and trade volume

    Posted: 17 Sep 2018 02:42 AM PDT

    Localbitcoins has been experiencing decrease in users while competitor Paxful is gaining traction in the P2P Bitcoin Trading Platform industry. Many says KYC implementation plays a big role on this shift.

    your thoughts?

    https://www.razor-forex.com/2018/09/paxful-overtakes-localbitcoins-in-p2p.html

    submitted by /u/ChaunceyEspina
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    Bitcoin Core [Transaction Size To Large]

    Posted: 16 Sep 2018 12:26 PM PDT

    Hey,

    I was wondering how I can go about sending a large sized transaction? My bitcoin address has about 12 Bitcoin in it and 1600~ inputs. The transaction size is about 240,000 bytes(240kb) and whenever I try to send the transaction I get that error. Even when I try to send 0.1 bitcoin or 0.01

    Anyone have any suggestions?

    Thank you!

    submitted by /u/theterminator580
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