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    Bitcoin Daily Discussion, December 04, 2018

    December 04, 2018

    Bitcoin Daily Discussion, December 04, 2018

    Daily Discussion, December 04, 2018

    Posted: 03 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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    Crypto Gandalf returns

    Posted: 03 Dec 2018 09:25 AM PST

    Bitcoin Promotes Renewable Energy

    Posted: 03 Dec 2018 10:11 PM PST

    Debunking the Bitcoin Death Spiral Theory - Coinjournal

    Posted: 04 Dec 2018 12:50 AM PST

    S.E.C. commissioner Hester Pierce has stated that a Bitcoin exchange-traded fund is “definitely possible…”

    Posted: 04 Dec 2018 01:33 AM PST

    If you’re here for the tech - 1st year with skin in the game.

    Posted: 03 Dec 2018 07:37 PM PST

    I've watched bitcoin for years. I remember when I first heard about them. They were 100's for a few cents. I paid it no mind. I remember when they hit $50 a coin. I was blown away. I looked into the tech a little. I remember them hitting $100 coin. A couple months prior, I had ordered a knc miner a and got frustrated it wasn't shipping so I charged back the order. I questioned taking the money and just buying and securing a few dozen coins. I remember when it hit $1000 a coin, knowing all about it and having a friend rub in my face I missed my chance. I remember my friend coming back a year later telling me he sold too soon and wanted to get back in. I remember talking about hardware wallets, exchanges, and buying in for the first time.

    That was Sept last year. I'm now 50% down. And my spine just started tingling.

    You see, while I'm 50% down, I'm excited to see what the next few years bring us. The tech forming around us, the investments coming in, the use cases we find for it. I look forward to hearing more about adoption and making better tools for people that struggle to understand why this is such amazing tech. I'm anxiously awaiting the calls of people asking me how to purchase it and how to store it.

    Right now kinda sucks for me. I really wish I had waited the year. I wish I had double what I had! But you know, this last year I learned about crypto. I dove into the tech and enjoyed the ride and learned to keep from puking when the price took a dive. My investment was never about the year... and I don't wanna be rich. This was about 2022 and just a leg up on the coming life we'll all have.

    In the next 5 years we will see if and what populations will accept this transition. We will see those who want to take responsibility for their own financial assets and finally walk away from traditional money step forward. We will see if currency can extend far beyond boarders and the control and a few select parties. We'll see so much that we already knew was coming and be elated about its arrival still.

    Yes I'm nervous... yes I'm scared. There is always a chance for failure no matter how small. There is always a chance we don't get to make the journey as heros or if at all. There is a chance we never leave the ground at all.

    Gents.... I believe this feeling is the closest many of us will ever get to being strapped into a rocket, staring up at the sky moments before liftoff surrounded by propellant and excitement.

    We will go standing on the shoulders of giants. Of friends and foes alike and the collective knowledge of a species hoping to better understand the ways it interacts with itself.

    I finally understand why you people feel like you're going to the moon... and I'm so glad I jumped in with you. Let's take a ride!

    submitted by /u/rrdrummer
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    Bitcoin job rate rising despite cryptocurrency value falling

    Posted: 04 Dec 2018 01:25 AM PST

    Bitcoin is not a bubble it's the pin.

    Posted: 03 Dec 2018 11:07 PM PST

    Accurate Reaction

    Posted: 04 Dec 2018 12:29 AM PST

    Blockchain study finds 0.00% success rate and vendors don't call back when asked for evidence • The Register

    Posted: 04 Dec 2018 03:51 AM PST

    To celebrate 1M subscribers, I pledge 1,000,000 Satoshis in a contest for the funniest original image with the words BITCOIN GALORE! by noon of Dec. 11th, 2018 EST.

    Posted: 04 Dec 2018 12:36 AM PST

    I'm doing this again after four years, in the spirit of this post on Bitcointalk eight years ago, which did the exact same thing, but with a 40 BTC bounty.

    THIS was the winner of the original contest.

    The winner of my contest was this awesome original artwork by /u/soundofthesun

    Around November of 2010, close to the time of that posting, 1 BTC was worth almost 0.50 USD. At the time of my tribute post around November of 2014, 1 BTC was worth $440 USD. Today, December 2018, 1 BTC is worth $4000 USD.

    In the interest of spreading the love, i'll give 500,000 sats to the winner, and 100,000 sats to five more runners up!

    So even though Im giving away around 10000x less BTC than bitcointalk OP and 10x less BTC than my first tribute post four years ago, Bitcoin price is now 10000 times higher than it was 8 years ago and 10 times higher than it was 4 years ago, so it will be roughly the same amount of USD, around $40 total :) Some perspective for this "bear market" sentiment going around. Zoom out!

    Let's have some fun! Cheers! And congratulations to /u/Bashco and team for 1,000,000 subscribers! Next stop, 1,000,000 per BTC! ;)

    EDIT: Just gonna repeat my original request: it has to be original and funny. I reserve the right to choose the winner based on how original and funny it is, and not on the number of upvotes.

    submitted by /u/Godfreee
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    On the 12th day of REKT-mas my cryptos gave to me

    Posted: 04 Dec 2018 04:09 AM PST

    12 markets crashing

    11 feds indicting

    10 hacked smart contracts

    9 forks of Bitcoin

    8 lambo repos

    7 bankrupt miners

    6 useless tokens

    5 exit scams

    4 exchange hacks

    3 rage quits

    2 margin calls

    and a Bitcoin o-bit-u-a-ry

    submitted by /u/DesignerAccount
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    Review: What is the Casa Node?

    Posted: 04 Dec 2018 04:06 AM PST

    You can now withdraw to PayPal from Coinbase. Is this significant? It feels significant.

    Posted: 03 Dec 2018 08:10 PM PST

    Hard to argue

    Posted: 04 Dec 2018 01:21 AM PST

    TFW /r/Bitcoin hits 1 million subscribers while the price of BTC hits new yearly lows

    Posted: 03 Dec 2018 10:19 AM PST

    One of the biggest Whales ever recorded just moved $250 Million worth of Bitcoin; owns $1 Billion

    Posted: 03 Dec 2018 02:21 PM PST

    If Only Bitcoin Existed In The 80’s When I Was A Kid In Argentina

    Posted: 03 Dec 2018 07:41 PM PST

    If Only Bitcoin Existed In The 80's When I Was A Kid In Argentina

    ​

    https://i.redd.it/g08ne5o7m6221.png

    http://genesisblocknews.com/if-only-bitcoin-existed-in-the-80s-when-i-was-a-kid-in-argentina/

    If Bitcoin would have existed in the 80's when I was a kid in Argentina, my parents could have used it, and it would have saved them lots of arguments, plenty of trips back to home to pick up more money, and lots of headaches due to the inflation that the country was suffering through. My fathers mechanic shop closed down since hyperinflation made auto parts too expensive. I remember walking to the store in the freezing weather to get bread, with the same amount of money my mom gave me to buy bread a couple of days earlier, and coming back home empty handed because the price had just gone up 200%. I remember a time when they sent me to get just under a half a gallon of milk, and the price had gone up over 300%. When I got back to the house my grandmother asked me what happened to the milk and I answered the money you gave me would not buy us a glass of milk, and she stormed out of the house grabbing me by the hand and walking 8 long blocks to the local small market to confront the owner and asked him what was going on with his prices. I remember the gentleman humbly, patiently, and respectfully explaining to my grandmother what was going on with the inflation.

    Also the denominations on the bills became so high that it cost tens of thousands of Australes for a piece of candy or chocolate. A kilogram of potatoes cost 50,000 Australes, making it difficult to carry your bills in a wallet. Instead of wallets we used a suitcase to carry the worthless currency. Money printing by the government was the cause of the collapse of the currency. The government was and still is in control of currency printing, making it impossible to survive even to this date. Printing money is an everyday thing for them, causing the same bills to be worth less and less.

    The destruction of the fiat currency will be the fastest rout to fix Argentina's economy and inflation, since that could lead to adopting Bitcoin, which would put an end to this madness and destruction. It seemed like we were moving the right direction by installing Bitcoin ATMs in Argentina, but the government put a stop to the Bitcoin growth by stopping the installation of Bitcoin ATMs. By the end of 2019 over 1,500 Bitcoin ATMs were supposed to be installed to provide easy access. Maybe the G20 meeting that was held in the country has something to do with it, but I'm only speculating.

    Argentina's currency, the Peso, has lost more than 50% of its value against the dollar this year, with expectations of another 40% loss before the year's end, making the country a perfect location for Bitcoin ATMs, which could help save the country's collapsing economy by providing access to a relatively stable currency. Bitcoin is the cure to the country's inflation and a cure to against greed, since Bitcoin has a fixed supply and cannot be printed at will by any government or entity.

    Bitcoin could also stop the massive invasion of Argentinians into neighboring countries. In my family's case migrating to the United States in the early 90's was not easy. Bitcoin could of saved us lots of tears, sacrifices like losing love ones and not been able to see them, and it would have saved lots of cultures. If Bitcoin would have existed in the 80's when I was a kid in Argentina, it would have turned my country into the world power that it used to be back in the day.

    submitted by /u/turtlecane
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    Saifedean Ammous: "A new monetary asset steadily growing in value and security"

    Posted: 03 Dec 2018 02:36 PM PST

    It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

    Posted: 04 Dec 2018 03:37 AM PST

    Seriously?

    Posted: 03 Dec 2018 10:25 AM PST

    Sad but true...

    Posted: 04 Dec 2018 12:07 AM PST

    Reverse Head & Shoulders incoming!

    Posted: 03 Dec 2018 10:44 PM PST

    The r/bitcoin front page from 8 December 2010 (...the real question is the burger... :P)

    Posted: 03 Dec 2018 06:46 AM PST

    Satoshi's true vision.

    Posted: 03 Dec 2018 06:10 PM PST
    Read more
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