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    Bitcoin Daily Discussion, October 11, 2018

    October 11, 2018

    Bitcoin Daily Discussion, October 11, 2018

    Daily Discussion, October 11, 2018

    Posted: 11 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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    Feelings from the past week

    Posted: 10 Oct 2018 02:28 PM PDT

    Bear markets are for building! ��⚡ While the price is doing what it does, we continue to build the #LightningNetwork at the #LightningHackdayNYC in New York on October 27th/28th 2018. Speakers like Christian Decker, Matt Corallo and Peter Todd will take you down the rabbit hole.

    Posted: 11 Oct 2018 01:10 AM PDT

    Sorry guys, i bought BTC yesterday...

    Posted: 11 Oct 2018 12:34 AM PDT

    Dear all,

    I have to apologise, the waterfall drop is my fault, I thought I'd buy some BTC yesterday. You know how it goes. Please don't worry though, I'm planning on selling my positions this afternoon so it will all go back up again.

    Kind regards

    Yonstonston

    submitted by /u/yonstonston
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    We got a huge dump

    Posted: 10 Oct 2018 06:30 PM PDT

    The Launch of the Liquid Network - Blockstream

    Posted: 10 Oct 2018 10:20 AM PDT

    Top 32 whales control only 4.6% of supply with lost Bitcoins taken into account. Importantly, only minority of these whales are regularly active in the market and, when they are, they appear to be buying to support bitcoin value, NOT selling.

    Posted: 10 Oct 2018 04:51 AM PDT

    Breaking: Harvard & MIT Have Invested in Cryptocurrency Funds

    Posted: 10 Oct 2018 06:35 PM PDT

    Seen in a mall in Cluj, Romania

    Posted: 11 Oct 2018 01:13 AM PDT

    Price Down, Pick Up!

    Posted: 10 Oct 2018 07:08 PM PDT

    Are there serious investment strategies you can use to increase your Bitcoin?

    Posted: 11 Oct 2018 02:01 AM PDT

    Unexplained Wealth seizures are now a thing in the UK.

    Posted: 10 Oct 2018 04:13 PM PDT

    Liquid Goes Live: Blockstream's First Bitcoin Sidechain Has Finally Arrived

    Posted: 10 Oct 2018 09:18 AM PDT

    Harvard, Stanford, & MIT Have All Invested in Cryptocurrency Funds

    Posted: 10 Oct 2018 07:03 PM PDT

    AMA with Bitcoin engineer Jameson Lopp

    Posted: 11 Oct 2018 03:40 AM PDT

    Cannot create new receving addresses in Bitcoin Core version v0.17.0. I moved my client onto a new laptop, I have the entire blockchain synced and my wallet balance is as expected. Previously I used to create a new address each month, from File -> Receiving addresses... Now I cant do that.

    Posted: 10 Oct 2018 06:44 PM PDT

    HitBTC is using ridiculous KYC/AML process to selectively scam people out of their money!

    Posted: 10 Oct 2018 05:56 AM PDT

    Everything is fine until you decide to withdraw. That's when they decide it's time for KYC. And note that we are talking crypto to crypto only, no fiat involved!

    • The first ask about just ID and proof of address which is fine.
    • Then they ask for documents to prove your income and how you obtained the bitcoin.
    • Then they ask to paste them the hashes of previous transactions, something they can easily see themselves, it's a public blockchain.
    • Then they ask for screenshots from balances on other exchange you might have.
    • Then they go for facebook, gmail (what does one do if they don't use gmail or social media?), skype....
    • and god knows what else.
    • It's been 3 months now and at this point it seems like they are just figuring out random stuff to stall the process and make people just give up.

    They take their time between replies and often ask for the same stuff twice. At one point they just started ignoring my questions about the validity of their action and kept pasting the same response again and again. Gives quite a confidence doesn't it?

    ​

    ​

    If you look at their subreddit, it's full with cases like this:

    https://np.reddit.com/r/hitbtc/

    ​

    Oddly enough, they seem to be incorporated in Hong Kong but based in Chille.

    Also there is no info (at least I couldn't find) about their CEO and team on the site.

    Overal information about their operation is scarce at best.

    ​

    This exchange has been around for several years now and is considered to be one with significant volume. They way they operate now looks like the end isn't too far away. Please be careaful.

    ​

    ​

    Publicity and legal actions are my only hope at this point.

    submitted by /u/SatoshiBrother
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    Got Bitcoin? Stocks have their worst day in months; Dow drops 800-plus points

    Posted: 10 Oct 2018 01:11 PM PDT

    Funds are Safu

    Posted: 11 Oct 2018 01:01 AM PDT

    Here's what's happening

    Posted: 11 Oct 2018 03:15 AM PDT

    With today's market dip, I want to bring your attention back to the concept of "Centralization".

    CME GROUP

    https://imgur.com/a/3oFTkRD

    You will notice two things here:

    1) a huge amount of wealth is concentrated (centralized) with the CME group, and

    2) they are very involved in the BTC market (and thus broader crypto markets). PS - notice that very little is said about them relative to their influence?

    THE MEDIA

    1) The Media is incredibly Centralized:

    https://i.redd.it/1yiupyrq41d01.png

    https://i.pinimg.com/originals/90/51/e3/9051e3b7227c932d8eedd5389c3f3ba1.jp

    2) The Centralized Media is incredibly well-coordinated: **https://www.youtube.com/watch?v=hWLjYJ4BzvI

    3) The Centralized Media is working in unison to damage the reputation of Crypto

    https://imgur.com/a/Dwlpr

    Finally I would like to bring your mind back to the top of society i.e. the Ultra High Net Worth

    THE UHNW

    https://imgur.com/a/lUNEX01

    1) 8 Billionaires own as much wealth as bottom 3.5 billion poorest (centralization)

    2) $82 out of every $100 made in 2017 went to the top 1% (centralization)

    3) approximately 162 million Americans have less than $500 in savings (centralization)

    Do you see a pattern yet?

    Other than spreading the Crypto word, HODLING, and building the infrastructure - one of the only ways to decentralize, is to transfer some of this wealth and power back.

    "Do I not destroy my enemies when I make them my friends? - Abraham Lincoln"

    submitted by /u/davinci7777
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    Jarvis Landry (NFL Wide Receiver For Browns) Wearing A "Bitcoin NO CASH" Shirt. Skip To 5:26

    Posted: 10 Oct 2018 04:07 PM PDT

    This is why Futures are bad for bitcoin. As margins get called in the stock and bond market, people put up btc futures as collateral. The other market goes down, the paper bitcoin gets sold off. This is why the futures have the lowest price at 6160 and Bitfinex is at 6330. Something something tether

    Posted: 10 Oct 2018 07:50 PM PDT

    Bitcoins Sidechain is Live and Already has 60% of Network

    Posted: 10 Oct 2018 08:44 PM PDT

    Bitmain IPO Listing on Hong Kong Stock Exchange (HKSE) Continues to Delay Amidst Crypto Drama

    Posted: 11 Oct 2018 03:55 AM PDT

    If you want a laugh today, check out Nouriel Roubini's rant to the senate. Now here's a guy who *really* hates bitcoin! [pdf]

    Posted: 11 Oct 2018 01:33 AM PDT
    Read more
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