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    Bitcoin Daily Discussion, November 28, 2018

    Bitcoin Daily Discussion, November 28, 2018


    Daily Discussion, November 28, 2018

    Posted: 27 Nov 2018 11:00 PM PST

    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!

    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!

    Please check the previous discussion thread for unanswered questions.

    submitted by /u/rBitcoinMod
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    Finally got the call from my dad I had been dreading.

    Posted: 27 Nov 2018 02:58 PM PST

    Backstory: I bought bitcoin back in early 2016. Not a lot, I didn't have a lot of money, but it became a lot over the course of the next year and a half. Along the way, I would periodically tell my dad about how my bitcoin was doing. He had a vague notion of what it was, but didn't know anyone else who had some and got really curious. In October of last year I visited my dad (we live in different states) and he had me show him how to buy bitcoin. I explained the risks: that bitcoin was a new technology and there was a good chance it would crash and a small chance that he would lose all of his investment . He said he knew and had been doing some of his own research, and so I set him up on an exchange and he bought some bitcoin. Well we all know what happened a few months later in January and what the story has been since. I have been worried that he was angry at me for talking about, and helping him buy something that had crashed so spectacularly. Well yesterday I finally got a call from him. Surprisingly he wasn't mad at all. He was calling to tell me that bitcoin had dropped below 4,000 and that he had just bought some more. He wanted to make sure I didn't miss my chance. Got to hand it to him, he's got guts.

    EDIT: Some of you have expressed worry that my dad is being foolish with his money. It is true that there is a very real risk that bitcoin will completely collapse and my dad will lose a significant percentage of his investment, potentially all of it. To clarify, my dad has invested a non trivial amount of money in bitcoin, but he is retired, and extremely well diversified. Bitcoin makes up a very small percentage of his total portfolio, so there is really no need to worry. He could lose it all and still be more than fine. He hasn't invested more than he can afford to lose.

    submitted by /u/euthyfhro
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    I own 1 bitcoin!

    Posted: 27 Nov 2018 06:44 PM PST

    Just wanted to share! Yay!

    submitted by /u/heiney_luvr
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    Joule - A Lightning Network Browser Extension

    Posted: 27 Nov 2018 08:18 PM PST

    Exactly 1 Year Ago Today, Bitcoin Passed $10,000 USD!

    Posted: 27 Nov 2018 09:37 PM PST

    Breaking: Starbucks May Accept Bitcoin, Claims Bakkt CEO

    Posted: 27 Nov 2018 10:10 AM PST

    "Today, Bakkt's CEO, Kelly Loeffler, while attending Consensus Invest, said that Bakkt is working with Starbucks to give their customers more options in their ability to pay, specifically with bitcoins."

    Source

    submitted by /u/SaneFive
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    The nonsense of Marketcap

    Posted: 28 Nov 2018 12:28 AM PST

    Those who would sacrifice essential decentralization to purchase a little temporary on-chain scalability, deserve neither and will lose both. -Benjicoin Franklin

    Posted: 27 Nov 2018 05:36 PM PST

    Lightning network grows over 300% capacity in a month

    Posted: 27 Nov 2018 10:18 AM PST

    Nobody seems to have mentioned it yet, but Mycelium supports segwit now!

    Posted: 27 Nov 2018 11:01 PM PST

    2019 goal: use open source money for 90% of transactions

    Posted: 27 Nov 2018 06:21 PM PST

    The priority order to will be:

    1) lightning

    2) bitcoin

    3) alt coin

    4) bitcoin debit card (shift, for example)

    5) filthy, dirty fiat

    Will report results in 2020

    submitted by /u/jsunio
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    Australia's Central Bank Guilty of Bribing Foreign Officials To Win Cash Printing Contracts. But Bitcoin's a scam?

    Posted: 27 Nov 2018 05:14 PM PST

    Tether Quietly Removes Promise Of Audits From FAQ

    Posted: 27 Nov 2018 06:40 PM PST

    What it is now,

    Is Tether transparent?

    Yes. Tether's platform is built to be fully transparent at all times. Every tether is backed 100% by its original currency.

    What it was,

    Is Tether transparent?

    Yes. Tether's platform is built to be fully transparent at all times and is regularly audited. Every tether is backed 100% by its original currency.

    https://web.archive.org/web/20180628141947/https://tether.to/faqs/

    https://tether.to/faqs/

    Is Tether transparent? Yes. Tether's platform is built to be fully transparent at all times. Every tether is backed 100% by its original currency.

    View more transparency information.

    submitted by /u/ddas244
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    If anyone is wondering, Tim Draper is still bullish. So am I. No matter which crypto(s) you prefer, let’s focus our efforts on progress and adoption. All these factions aren’t helping.

    Posted: 27 Nov 2018 08:42 AM PST

    Lightning Labs - Lightning App Security & Architecture

    Posted: 27 Nov 2018 02:04 PM PST

    The hash war between Bitcoin ABC and Bitcoin SV has yet to simmer. Both sides already spent a total of $1.7 million, according to Bloomberg. Dr. Scott Stornetta, one of the founding father of blockchain, discusses this ongoing war

    Posted: 28 Nov 2018 12:54 AM PST

    On Coinbase’s website. Feelsbadman.jpg

    Posted: 27 Nov 2018 04:01 PM PST

    SEC unlikely to approve Bitcoin ETF

    Posted: 27 Nov 2018 06:20 PM PST

    #Bitcoin is like the internet, but we're still in 1988. To remind myself of that, I built a Raspiblitz Bitcoin full node + Lightning using a @Raspberry_Pi and a 1988 television.

    Posted: 27 Nov 2018 07:44 AM PST

    Bitcoin Gets a Thumbs Up From New York Stock Exchange’s Chairman (Barron’s )

    Posted: 27 Nov 2018 04:26 PM PST

    Bitcoin has plunged in price in the past year, but the CEO of one of the world's biggest exchange operators isn't deterred from entering the space.

    Jeffrey Sprecher, CEO of IntercontinentalExchange (ticker: ICE) and chairman of the New York Stock Exchange, spoke enthusiastically about cryptocurrencies at the Consensus Invest conference in New York on Tuesday. With Bitcoin down more than 80% from its highs, he said he's been seeing headlines asking "Will digital assets survive?"

    "I'd say the unequivocal answer is yes," he said, adding that "we're kind of agnostic to price."

    Sprecher was on stage with his wife, Kelly Loeffler, the chief executive officer of Bakkt, a crypto platform owned by ICE that is due to begin operations next year. It is designed to allow digital asset trading and make it easier for merchants to accept crypto too.

    Bakkt will also be offering a Bitcoin futures contract that will settle every day in Bitcoin. (Bitcoin futures offered by CME Group and Cboe settle in cash). The Bakkt futures contract, Loeffler said, will help Bitcoin traders establish a trusted price. Bitcoin now trades at different prices on different exchanges, many of which are unregulated.

    Bakkt was expected to start operations next month, but the opening has been delayed until Jan. 24, 2019. Delaying the rollout will "give more people time to get on board," said Loeffler.

    Starbucks was also part of ICE's original announcement about Bakkt. The platform was expected to help Starbucks figure out how to help consumers "convert their digital assets into US dollars for use at Starbucks," it said at the time.

    The coffee company told Barron's on Tuesday that it had no timeline for when it would allow customers to pay using digital currency. It said working with Bakkt will position it to offer new ways of collecting payments as cryptocurrencies gain traction.

    Owners of digital asset businesses consider the Bakkt rollout a bullish sign for the market, perhaps the most important institutional move into the space. At the very least, it's a good sign that major institutions are doubling down on their investments, even as the price drops, said Pascal Gauthier, presixdent of the crypto wallet company Ledger, in an interview.

    "No one has dropped out of crypto," he said. "They could have walked out but no one is walking away."

    Write to Avi Salzman at avi.salzman@barrons.com

    submitted by /u/Sandiegosurf1
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    I made this video during the mania of 2017 to educate those coming to the space - now is a good time to share it. (The Trust machine - Art of the Problem)

    Posted: 27 Nov 2018 05:28 PM PST

    Bitcoin Search Interest Hits 6-Month High, Google Trends Data Shows

    Posted: 27 Nov 2018 11:49 PM PST

    Payment solutions for a high volume cafe?

    Posted: 28 Nov 2018 12:37 AM PST

    Hey guys I was wondering if you had any recommendations for ways to accept btc payments in my shop? We recently started accepting Alipay but that is built into our clover pos terminal! Is there any solutions that are fast and easy to teach my staff? We are in a mall and transaction speed is very important to me! We serve between 500-2000 customers a day and don't want to slow it down but I would really like to see what's out there to look into thanks in advance!

    submitted by /u/Pm_me_your_cat_ty
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    Something to look at. Also needs to be updated

    Posted: 28 Nov 2018 03:13 AM PST

    Unboxing: Casa Node full Bitcoin and Lightning node

    Posted: 28 Nov 2018 02:49 AM PST

    1 comment:

    1. There has never been a better time in history to invest in cryptocurrency and make extraordinary profits.

      Even if you missed the first huge Bitcoin run up, you still have the chance to make it big.

      While everyone else is busy dumping their coins, these smart investors are taking advantage of the old adage: "Buy low and sell high!"

      What if it were that easy to pick the right coin at the right time?

      Yesterday, this video went viral.

      And for good reason...

      Watch it now to see how they're pulling it off:

      http://clickmeterlink.com/cryptoinvestors

      ReplyDelete