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    Bitcoin Daily Discussion, December 02, 2018

    December 02, 2018

    Bitcoin Daily Discussion, December 02, 2018

    Daily Discussion, December 02, 2018

    Posted: 01 Dec 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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    Found this back in January. My position has not changed.

    Posted: 01 Dec 2018 06:53 PM PST

    Spotted this guy at gilets jaunes event in Paris

    Posted: 01 Dec 2018 12:03 PM PST

    Woohoo I made a payment on lightning network :)

    Posted: 02 Dec 2018 01:29 AM PST

    Caption this ��

    Posted: 01 Dec 2018 07:09 PM PST

    No wonder crypto is falling... Consensus doesn't even know where Europe is on a map!

    Posted: 01 Dec 2018 06:38 PM PST

    G20 countries will regulate crypto-assets "in line with FATF standards" & seek "a solution to address the impacts of the digitalization of the economy on the international tax system".

    Posted: 02 Dec 2018 03:41 AM PST

    God Save The Banks (just kidding) - Bitcoin

    Posted: 02 Dec 2018 01:34 AM PST

    One of the Oldest Bookstores in India Now Accepts Bitcoin Payments

    Posted: 01 Dec 2018 11:34 PM PST

    Let's remember what Bitcoin has going for it

    Posted: 01 Dec 2018 09:23 PM PST

    To me it seems like last year was pretty uneventful in terms of new bitcoin technology, integrations, and growth.

    • Coinbase expanded to support new markets, but customer service has been suffering so far.

    • Lots of small businesses ditched bitcoin as a form of payment because although it was a novel idea, customers almost never used it, and the long wait times to confirm a transaction became unsustainable.

    • The day-to-day fluctuations in the price of bitcoin were too sporadic for business accounting purposes.

    • Not much new in terms of technology or use cases.

    So it feels like we're ending the year on a low-note, compared to previous years in which net-new integrations and participation experienced much more enthusiasm and activity.

    But here are the facts of where Bitcoin sits:

    1. Bitcoin is still poised to be "the official unofficial cash of the internet". Within the next 10-years as society continues to move all remaining brick-and-mortar businesses to the internet, including banks upgrading legacy infrastructure, the demand for an official "internet currency" will continue to increase.

    2. Unless the internet itself ceases to exist as we know it today, the future of Bitcoin is guaranteed. As long as the internet exists, Bitcoin will exist. And if the internet falls, inevitably Bitcoin will too, but at that point there would be much larger issues to deal with as entire nations go into chaos. If you believe in humanity living peacefully and in collaboration with one-another, and if you believe that we as humanity have evolved past our desire for world wars, then you understand that the internet will always need a method for completing cashless transactions. (I would like to even posit a future where humans have colonized space, maybe even mars, and we have space relays connecting everyone to one internet... and in that period, we will continue to rely on a currency accepted over this space network, not longer only for Earth-based commerce).

    3. Bitcoin is still the main cryptocurrency that consumers trust above all other alt-coins. Being the first-to-market has solidified its position within the community, ensuring its ongoing stable foothold in the genre.

    4. 2018 saw a lot of activity around "officializing" Bitcoin in legal use-cases like currency exchanges, investments, and banking. The work accomplished here has already set a strong foundation for the legitimacy of Bitcoin, and will inevitably continue to grow in support and integrations.

    5. Bitcoin ATMs are becoming ubiquitous in everyday life. It's become easy for huge sections of the global population to participate in purchasing Bitcoin. (One of the issues faced up to this point has been the ease of onboarding new users, because acquiring Bitcoin required jumping through too many hurdles.)

    6. Bitcoin has held a minimum price of ~$4,000US/ea throughout the entire year of 2018. Although not the $20,000US/ea that we witnessed earlier in the year, it's still a remarkable price.

    I feel like 2019 will be an exciting year for Bitcoin.

    I think we will soon start to see more movement from large institutions that acquire Bitcoin for international remittance as well as diversification -- not just banks, but think of what would happen if e.g. the Chinese or Indian governments wanted to hold several billion dollars worth of Bitcoin for purposes of diversification and international remittance. I see these large organizations as the main beneficiaries of the existing Bitcoin technology and networks.

    The idea of fiat currency or even minerals like gold holding value are just socially and culturally accepted traditions. And with each passing year that Bitcoin remains in the public spotlight, it too becomes a cultural norm that people are slowly but surely becoming accustomed-to as a part of everyday reality. Just as we have come to expect Smartphones as an everyday part of our lives, so too everyone has made room in their "conceptual filters" to recognize and accept that Bitcoin is not going anywhere.

    This social acceptance of a new technology, even if it does not inevitably transform everyday end-consumer spending, it is opening more doors for large institutions to get involved as they face lower mental and executive board resistance to participation.

    submitted by /u/BuildItMakeIt
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    Lightning Network Map

    Posted: 01 Dec 2018 10:06 PM PST

    A great resource i used to use : https://lnmainnet.gaben.win/ seems to be down for a while

    Does anyone have a similar replacement that shows a visualization of the LN, how the node channels are linked etc..,

    I do use https://1ml.com for getting channel info but the lnmainnet site was great for display

    Cheers

    ​

    submitted by /u/ibbcbb
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    Spotted in Telavi, Georgia (country)

    Posted: 01 Dec 2018 05:16 PM PST

    Wallstreet is manipulating Bitcoin price to buy it cheap

    Posted: 01 Dec 2018 05:49 AM PST

    Tim Draper believes crypto whales are coming in 2019

    Posted: 01 Dec 2018 11:05 AM PST

    According to the Federal Reserve, if the CME had not launched Bitcoin Futures contracts, the digital currency could have kept on increasing past its max value of around $20,000.

    Posted: 02 Dec 2018 04:32 AM PST

    Escaping the Global Banking Cartel (Andreas Antonopoulos)

    Posted: 01 Dec 2018 07:54 AM PST

    999k Subs on r/Bitcoin

    Posted: 02 Dec 2018 04:32 AM PST

    We are only 1k more subscribers to 1 million subs! :)

    submitted by /u/InteractiveLedger
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    @alexbosworth: My submarineswaps.org service that provides an on-chain gateway to LN isn't busy, I only do about 1 swap/day. There’s more activity on @YallsOrg so I tried out @wasabiwallet for all on-chain funds there first. So far so good, now both service funds will be Wasabi coinjoined.

    Posted: 01 Dec 2018 01:29 PM PST

    Revenue from Seized Assets by State

    Posted: 02 Dec 2018 02:14 AM PST

    Another Example of current corrupt system! Which needs to be changed! They limited my account... I barely cross $300-$500 a month usage and they said its a large amount for them!

    Posted: 02 Dec 2018 04:14 AM PST

    Out here in Atlanta! Keep making bitcoin atms! )))))

    Posted: 01 Dec 2018 11:05 AM PST

    Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy

    Posted: 01 Dec 2018 04:59 PM PST

    Sending a time-locked Bitcoin transaction?

    Posted: 01 Dec 2018 02:50 PM PST

    Is there an easy method for sending a time-locked transaction? I want to lock up some Bitcoin from being spent for 1 year.

    submitted by /u/SatoshiChrist
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    Build your online store and accept Bitcoin by using open-source and free software. Step by step, no coding skills required, newbie friendly with over 18 videos. (WordPress + WooCommerce + BTCPay) - updated and easier than before

    Posted: 01 Dec 2018 05:15 AM PST

    Coffee and Bitcoin?

    Posted: 01 Dec 2018 07:48 PM PST

    As we eagerly await the next bull run, I am curious to know what you plan on using your Bitcoins for. Are you a hodler and plan to keep it that way, or are you someone that wants to eventually use Bitcoin to purchase everything?

    My coffee business will accept cryptocurrency, assuming I get enough backers for a successful Kickstarter, but I am curious to know what you all use your Bitcoin(s) on now. What types of trusted sites are out there now that accept crypto?

    I only know of major websites that accept crypto (Overstock for example) but I want a list of others that are more specialized like mine. I see more articles coming out now of being able to buy things with crypto (real estate, vehicles, etc.), but it is hard to determine which are legit and which are just fake news. So, whats out there?

    submitted by /u/BlackInkCoffeeCo
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