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    Bitcoin Daily Discussion, October 02, 2018

    October 02, 2018

    Bitcoin Daily Discussion, October 02, 2018

    Daily Discussion, October 02, 2018

    Posted: 02 Oct 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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    Not a Lambo, but it is my first purchase using Bitcoin.

    Posted: 01 Oct 2018 10:56 PM PDT

    Seller Got An “All Bitcoin” Offer on His House

    Posted: 01 Oct 2018 06:52 PM PDT

    I'm a real estate broker based out of Beverly Hills and work throughout LA. We got an asking price offer on a clients house that was all in Bitcoin. We are considering negotiating but I figured, as a longtime investor in BTC, I'd love to get some reddit feeback!

    Thoughts?

    submitted by /u/johnbarreto1
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    Bitcoin Core v0.17.0 has been tagged

    Posted: 01 Oct 2018 03:38 PM PDT

    Please help us keep the Bitcoin (Arch Wiki) page clean from Bcash trolls

    Posted: 01 Oct 2018 02:32 PM PDT

    They keep trying to add bcash content to confuse people and I have to revert those edits:

    https://wiki.archlinux.org/index.php?title=Bitcoin&type=revision&diff=545517&oldid=545452

    Please help me fight the spam.

    There were flamewars on the Discussion page in the past (check the history).

    The person whose comment I reverted just added this comment: https://wiki.archlinux.org/index.php/Talk:Bitcoin#Links_to_software_packages

    I cannot do this alone, so I need the help from all of you.

    About me, I'm a Arch Linux and bitcoin user and I love them both, I don't like seeing the bitcoin page get hijacked by these people. So please help.

    submitted by /u/gatosufridor
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    Bitcoin investment was a great idea

    Posted: 02 Oct 2018 02:46 AM PDT

    Bitcoin Ruled Commodity

    Posted: 01 Oct 2018 02:43 PM PDT

    Winter is coming.

    Posted: 02 Oct 2018 02:16 AM PDT

    [Fresh Infographic]: The current status of Bitcoin & the Blockchain Ecosystem, September, 2018

    Posted: 02 Oct 2018 01:51 AM PDT

    Child key derivation - size of child private keys - don't get it

    Posted: 02 Oct 2018 02:18 AM PDT

    Child key derivation - size of child private keys - don't get it

    I got this book about bitcoin, I'm trying to understand what's going on, but things don't quite add up for me...

    I've included the portion of the book below, so you can see what I'm talking about.

    It says the parent private key is 256bits. I hash the parent public key + parent chain code + i to get a 512bit hash. I take the left half (256bits) and add it to the parent private key (256bits)... so? that would be 512 bits then? But apparently no - it's just 256bits -- which kind of makes sense, because the parent private key was 256bits, so we would expect the child private key to be the same... but it doesn't add up for me. Can anyone explain pls?

    ​

    https://i.redd.it/btptc965oqp11.png

    submitted by /u/smith_it2000
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    Monday Art Special - Whodunnit?

    Posted: 01 Oct 2018 08:09 AM PDT

    Darwin with my socks and his fav necklace

    Posted: 02 Oct 2018 02:43 AM PDT

    There is an upcoming board game about crypto, for those bored with current market developments

    Posted: 02 Oct 2018 02:14 AM PDT

    Bitcoin community fastest grower within the top 25 marketcap

    Posted: 02 Oct 2018 02:03 AM PDT

    Here's my two cents regarding the upcoming Bullrun everyone is anticipating

    Posted: 01 Oct 2018 08:57 PM PDT

    A bull-run will initiate this year, but unlike last year, it won't run its full course until sometime within 1st quarter of 2019. Bitcoin will lead the charge and all other coins will follow, as expected. I believe one of the main drivers behind this run up will be due to BAKKT. The number of institutions participating in this new index will literally have no choice but to fill their inventory with Bitcoin before they are able to facilitate their services to the public. There's no quiet way for institutions to load up on bitcoin without causing an overall increase in volume and ultimately price. Sure, they can stagger their buys to be less obvious, but overtime there will be an overall trend increase that will become undeniable.

    This increase in volume and price will inevitably generate FOMO in both individual investors, as well as your institutional ones. Despite having deep pockets, these corporations are no different then anyone else when it comes to trying to establish the highest profit margin possible. In other words, nobody is going to be sitting on the sidelines during the next run up. Especially when the world has seen just how high Bitcoin has already risen. Not to mention all of the prophetic-like price predictions placing bitcoin into the hundreds of thousands, even millions, in the distant future. Regardless of how improbable those projections may be; The fact of the matter is that there's no other coin right now that has a speculative ceiling higher than Bitcoin.

    That said, I do believe the on ramp for allowing institutions into the crpto space is currently being developed now (BAKKT). Its about six months away from being fully realized. Once active, it will allow significant amounts of new money into the crypto space from Institutional investors which will raise the overall total market cap; While simultaneously aiding in legitimization efforts via everyday use and acceptance of the coin across the general population, primarily within the western markets. This will be achieved by way of the various resulting partnerships and products (Starbucks, Microsoft, ETFs, etc...) that originate from that project.

    I don't know about anyone else but I can't wait to fast-forward to Jan 1 2019 to see where things are. Good luck to everyone out there!...

    submitted by /u/FuckYouAndYourMorals
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    Whoohoo! my first lignting node up and running!

    Posted: 01 Oct 2018 04:29 PM PDT

    Finally got my full bitcoin node up w/ lightning node!!!! whoohooo!

    ​

    024493c4214739b5c4c36b5fdce9616d4b7440269c7d2ff029b5b56afa73f728d8@207.38.246.156:9735

    ​

    submitted by /u/rip1999
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    I made pystrike: receive lightning network payments with just a few lines of Python and Acinq's lightning network payment service.

    Posted: 01 Oct 2018 12:51 PM PDT

    Need space for the blockchain? Samsung SSDs 50% off on Amazon

    Posted: 02 Oct 2018 01:54 AM PDT

    Malta’s Prime Minister makes ‘inevitable’ bitcoin prediction

    Posted: 01 Oct 2018 09:12 PM PDT

    I love Malta – it is beautiful, the people are welcoming and it isn't, as yet, inundated with tourists every moment of the year (it will be soon though, you wait and see!). And, to add to everything, the country's Prime Minister, Joseph Muscat, is trying to establish itself as the world's "blockchain island" by extensively embracing bitcoin, cryptocurrencies and blockchain. To support just that, at the recent UN General Assembly Muscat spoke about blockchain technology and how it was the tool of the future, allowing bitcoin and crypto to become prevalent worldwide and garner mass adoption, going as far as saying it will become the future of money. Muscat has previously said he believes bitcoin and blockchain have the ability to eliminate third party service providers, giving users more freedom over information and money. In Muscat's words, "…By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum. Blockchain makes cryptocurrencies inevitable future of money. More transparent, it helps filter good business from bad business." What are your thoughts?

    submitted by /u/comfortable_street
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    Bitcoin Will Not Challenge Gold as a Safe-Haven Asset: Equity Analyst

    Posted: 02 Oct 2018 02:49 AM PDT

    Mining Bitcoin: Inside a cryptocurrency mining epicenter, and the fight for a small town’s future

    Posted: 01 Oct 2018 10:12 PM PDT

    [Warning] Stay away from HitBTC

    Posted: 01 Oct 2018 05:54 AM PDT

    Reposting this warning from about a week to warn others to stay away from HitBTC. When you try to transfer funds from your "Main" to "Trading" account the funds will disappear.

    I made a ticket an hour after it happened to me and I got one reply and havent heard back since

    submitted by /u/starsoccer9
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    A glimpse on the future of Bitcoin UX

    Posted: 01 Oct 2018 11:53 AM PDT

    Danske Bank's $235B Money Laundering Tops Entire Cryptocurrency Market Cap - Bitcoinist.com

    Posted: 01 Oct 2018 06:34 AM PDT
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