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    Bitcoin Daily Discussion, February 01, 2019

    February 01, 2019

    Bitcoin Daily Discussion, February 01, 2019

    Daily Discussion, February 01, 2019

    Posted: 31 Jan 2019 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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    Spent all last year making a mural to promote Cryptocurrency, and mostly Bitcoin. Lots of big crypto figures/famous people.

    Posted: 31 Jan 2019 04:22 PM PST

    I totally agree...

    Posted: 31 Jan 2019 09:11 AM PST

    Take a second to support the request towards Ledger to support Bitcoin Bech32 addresses

    Posted: 01 Feb 2019 12:42 AM PST

    Casa Is Open Sourcing Its Lightning-Enabled Hardware Bitcoin Node - CoinDesk

    Posted: 01 Feb 2019 01:46 AM PST

    1) Did you know: Between 2010 and 2013 former Mike Hearn, then a tech lead at Google’s offices in Zurich, Switzerland, designed a security system that was later tapped by the NSA and GCHQ. The Snowden leaks revealed the existence of the surveillance taps in late 2013.

    Posted: 01 Feb 2019 02:35 AM PST

    We live in surveillance states where the only escape is to use digital currencies.

    Posted: 01 Feb 2019 12:50 AM PST

    It's a Tuesday and you're doing business online. You agree to send payment for services to an online platform or independent contractor because its 2018 and that's how business is these days. A transaction is made between two consenting entities. The transaction takes between 30 minutes and 7 days, and may not arrive at all. The system is down for maintenance. The transaction has been declined or cancelled. Business is stopped by a middle entity claiming they are watching out for your best interests. Payment Locked. Support ticket pending. It's Friday afternoon and work is moving slower than it should be. Staffing is reduced for the project period because payments are being analyzed by big brother.

    What are you supposed to do?

    submitted by /u/b0nusmeme
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    The Casa HODL node has been open sourced!!

    Posted: 31 Jan 2019 04:04 PM PST

    Bitcoin improves banking!

    Posted: 01 Feb 2019 02:18 AM PST

    We went from fractional reserve, to actual reserve. That's the paradigm shift. You can have as much Bitcoin as you want, with the understanding that it's value will be shared with everyone else that's also apart of this experiment. Essentially Bitcoin is cloud money. It's a humongous digital-gold-honeypot, waiting to explode. Too much greed by participants makes the value go both down and up: Those who still like the comfort of "old money" will trade their Bitcoin in for fiat. Those who are scared of holding on to "old money" will be trading it in for Bitcoin. We've never had an economy based on shared wealth, and the free market came up with a solution to central banking on its own. Bitcoin is open-source, because it's a humanitarian project first. Central Banks have been controlling the destinies of masses of populations for far too long. My hope is that we all get rich, and get everyone everywhere out of poverty. We need to become a breakaway civilization. For now... we have the assuredness of consensus every ten minutes!

    submitted by /u/pimpingken
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    Peer-to-Peer bitcoin marketplace launches second school in Rwanda - CNBC Africa

    Posted: 31 Jan 2019 04:46 AM PST

    QuadrigaCX is bankrupt.

    Posted: 31 Jan 2019 01:44 PM PST

    As far as I can tell its all over. They lost the private keys to the coins, and the cash looks to be frozen pending a court order.

    https://www.quadrigacx.com/

    Message from QuadrigaCX Board of Directors

    January 31, 2019

    Dear Customers,

    An application for creditor protection in accordance with the Companies' Creditors Arrangement Act (CCAA) was filed today in the Nova Scotia Supreme Court to allow us the opportunity to address the significant financial issues that have affected our ability to serve our customers. The Court is being asked at a preliminary hearing on Tuesday February 5 to appoint a monitor, Ernst & Young Inc., as an independent third party to oversee these proceedings.

    For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful. Further updates will be issued after the hearing.

    submitted by /u/bigmac375
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    If you truly believe in Bitcoin, the ###s next to the $ should not matter, all that matters is the # of Bitcoins you have

    Posted: 01 Feb 2019 01:30 AM PST

    Come at me bro

    submitted by /u/panmanjones5
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    VanEck and SolidX Re-Files Bitcoin ETF Application

    Posted: 31 Jan 2019 08:41 PM PST

    Just a reminder: If you are considering buying bitcoin now, you are actually in a very good position as the average number for each bear market is around -84,62%. Sentiment might be super negative now but the future is much brighter for BTC

    Posted: 31 Jan 2019 09:15 AM PST

    Finally, Bitmex Funding Rate explained well with examples

    Posted: 01 Feb 2019 04:04 AM PST

    Bitcoin Silver Round: The scanner code shows current value when scanned.

    Posted: 31 Jan 2019 02:20 PM PST

    The new pro-cryptocurrency bills coming to the US Congress WILL PASS and become law...

    Posted: 31 Jan 2019 05:49 PM PST

    Th Ln torch has been seized

    Posted: 31 Jan 2019 07:28 PM PST

    OKEx join hands with Flow Traders- one of the largest institutional trading and market making firms to better improve their derivatives market

    Posted: 31 Jan 2019 11:57 PM PST

    Bitcoin Graveyard or Bitcoin Obituaries 2.0 - Buy flowers via LN. Another great reason to setup LN wallet.

    Posted: 31 Jan 2019 10:57 AM PST

    why has BTC dropped so much?

    Posted: 01 Feb 2019 04:24 AM PST

    Hey, guys! You know I'm the one of those who bought BTC at $16K. I had to take a loan to buy in because I was sure it was a good investment (still am). I even had an opportunity to sell some BTC when the price was about $18K, and it almost covered my loan with it. Now I'm a little confused because BTC is in the red zone almost every day as coin360 shows. I think that the market dropped because of manipulation. But I believe that in the near future BTC will recover and the crypto winter will be over anyway. What do you think? Maybe you have some different ideas about Bitcoin's drop?

    submitted by /u/LiLu____
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    Transcript of Pieter Wuille's talk on Miniscript, a subset of Bitcoin script

    Posted: 31 Jan 2019 04:48 PM PST

    10% of my net worth is in Bitcoin

    Posted: 31 Jan 2019 05:24 PM PST

    Don't worry, I'm just a college kid so 10% isn't an insane amount of money. But I'm wondering, is this too much? I'm living in constant paranoia that if Bitcoin ends up being a flop and a new coin takes off (if crypto is the future at all) then I'm going to lose a lot of money. Should I pull out?

    submitted by /u/drockaferd
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    I Bought My First Bitcoin Today

    Posted: 31 Jan 2019 02:34 PM PST

    So, I've been waiting for a year now to buy Bitcoin. I'm very glad I waited until now.

    Now all we need is a few million other people to buy one and all agree not to sell for 10 years!

    Who's with me?

    submitted by /u/CryptoFuture2009
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    2 million is more than enough.

    Posted: 31 Jan 2019 11:06 AM PST

    Forget the weak hands, the speculators and the wannabe bitcoiners.

    How many true die hard believers are there today. The people that would never walk away from the idea of peer to peer money.

    Im assuming about half of the current holders are die hard bitcoiners. Somewhere around 2 million people globally.

    2 million people is more than enough to push humanity into the future of money, solwly but surely.

    The game has already been won.

    submitted by /u/slvbtc
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