Bitcoin Daily Discussion, February 05, 2019

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• Daily Discussion, February 05, 2019
• Maybe /r/Bitcoin should pin the Electrum phishing warning for a longer period?
• Bitcoin investors may be out $190 million after the only guy with the password dies, firm says
• Thanks to Bitcoin, People Have Taken An Interest In Markets, Investing, Charting and Fundamentals
• FRONT PAGE OF AUSTRALIAS MAIN NEWSPAPER - Banks have been ripping people off, are we surprised at all? No. Reinforces why being in control of your money (bitcoin) is the way to go.
• Is this a phishing attempt? Electrum.org does not have version 4.0.0
• New "Proof of Reserves" tool from Blockstream - Don't trust, verify!!
• The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin?
• GOXDOX on The Dumpening: MTGOX Trustee Bank Book Reveals Bitcoin Dumped
• How I accepted Bitcoin for my subscription service - a tutorial by Zazook developer
• Introducing Lapps.co: a curated selection of the best new Lightning apps ⚡️
• Nick Szabo came up with “Bit Gold” in 1998, an idea that was cited by Satoshi in Bitcoin’s whitepaper as being an important inspiration: “Bitcoin is an implementation of Wei Dai’s b-money proposal […] on Cypherpunks […] in 1998 and Nick Szabo’s Bitgold proposal,”
• As seen in Tokyo
• Are we not allowed to talk about the guy that stole $190 Million?
• Specs for new trustless non-pegged sidechains
• India's central bank worried Bitcoin may destabilize Rupee
• A small reminder to withdrawl your crypto off the exchange...
• Venezuela With New Rules About Bitcoin Mining - Kryptoposten
• Bitcoin and Deflation. Can someone teach me the basics?
• U.S. Federal District Court Declared Bitcoin As Legal Money
• Is it good that the top 4 mining pools have about the same amount of computing power?
• Hacker Who Stole $5 Million [in Bitcoin] By SIM Swapping Gets 10 Years in Prison
• The (Potential) real milestones of Bitcoin following the "Lindy Effect"
• Bitcoin is the only cryptocurrency with over 100k daily active addresses. Bitcoin is at 640k, next closest is at 86k.
• A bit of an off topic strectch... but further evidence that decentralization ( as is part of bitcoin's design) is a strength? Napoleon's army was innovative and strong because each part could operate as an independent army for a period of time.
• Our savior Andreas Antonopoulos has spoken!

Daily Discussion, February 05, 2019 Posted: 04 Feb 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! General Price Talk Please check the previous discussion thread for unanswered questions. submitted by /u/rBitcoinMod [link] [comments]

Maybe /r/Bitcoin should pin the Electrum phishing warning for a longer period? Posted: 02 Feb 2019 11:44 PM PST Just had a look at electrum's github issue tracker... Another wave of phishing attack just happened. :-( https://github.com/spesmilo/electrum/issues/5056 Till now, Electrum servers are not controlled by the developers, anyone may set up their own server & join the network. If the user is still running vulnerable versions (<=3.3.2) of Electrum, the attacker could send him/her a phishing message: Phishing message Above "update required" message is fake. Though, an update is in deed necessary. Remember the real official site of Electrum: https://electrum.org https://github.com/spesmilo/electrum It's always good to verify digital signatures, instruction for Windows users is here. BTW, The real Electrum 3.3.3 actually implemented "update notification" feature😂, which requires digital signature to keep safe. submitted by /u/KiFastCallEntry [link] [comments]

Bitcoin investors may be out $190 million after the only guy with the password dies, firm says Posted: 04 Feb 2019 02:09 PM PST submitted by /u/JohnPaulJones1776 [link] [comments]

Thanks to Bitcoin, People Have Taken An Interest In Markets, Investing, Charting and Fundamentals Posted: 04 Feb 2019 07:56 PM PST submitted by /u/TheseStudent [link] [comments]

FRONT PAGE OF AUSTRALIAS MAIN NEWSPAPER - Banks have been ripping people off, are we surprised at all? No. Reinforces why being in control of your money (bitcoin) is the way to go. Posted: 04 Feb 2019 08:32 PM PST submitted by /u/NukeThe_Fish [link] [comments]

Is this a phishing attempt? Electrum.org does not have version 4.0.0 Posted: 04 Feb 2019 07:13 AM PST submitted by /u/exa61 [link] [comments]

New "Proof of Reserves" tool from Blockstream - Don't trust, verify!! Posted: 04 Feb 2019 08:02 PM PST submitted by /u/DesignerAccount [link] [comments]

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin? Posted: 04 Feb 2019 08:18 AM PST submitted by /u/Crevative [link] [comments]

GOXDOX on The Dumpening: MTGOX Trustee Bank Book Reveals Bitcoin Dumped Posted: 04 Feb 2019 07:01 PM PST submitted by /u/jmaurice [link] [comments]

How I accepted Bitcoin for my subscription service - a tutorial by Zazook developer Posted: 04 Feb 2019 06:34 PM PST submitted by /u/tg989 [link] [comments]

Introducing Lapps.co: a curated selection of the best new Lightning apps ⚡️ Posted: 05 Feb 2019 12:31 AM PST submitted by /u/ruigomeseu [link] [comments]

Nick Szabo came up with “Bit Gold” in 1998, an idea that was cited by Satoshi in Bitcoin’s whitepaper as being an important inspiration: “Bitcoin is an implementation of Wei Dai’s b-money proposal […] on Cypherpunks […] in 1998 and Nick Szabo’s Bitgold proposal,” Posted: 05 Feb 2019 12:19 AM PST submitted by /u/TillAntonio [link] [comments]

As seen in Tokyo Posted: 05 Feb 2019 02:56 AM PST submitted by /u/livevitcelfer [link] [comments]

Are we not allowed to talk about the guy that stole $190 Million? Posted: 04 Feb 2019 03:28 PM PST He is clearly pretending to be dead according to the transaction log and the investors have been told to basically fuck off. Why is this being censored? Edit: thanks for the ban cowards submitted by /u/WenieWaggler [link] [comments]

Specs for new trustless non-pegged sidechains Posted: 04 Feb 2019 12:06 PM PST submitted by /u/macx0r [link] [comments]

India's central bank worried Bitcoin may destabilize Rupee Posted: 05 Feb 2019 02:30 AM PST submitted by /u/rishabh_bose [link] [comments]

A small reminder to withdrawl your crypto off the exchange... Posted: 04 Feb 2019 03:45 PM PST Quote from a noob: 'No need to worry, I'm sure the exchange has taken the appropriate mesures...' Mt. Gox, 2014: we got hacked and lost all the money! 'NOOOO!!!!!!!!!!!!. I'll have to buy some again!' 1 year later BTC-e, 2015: 'This site has been seized by the FBI... 'DAMMIT! AGAIN!' QuadrigaCX- 2019: 'The CEO died and he was the only one to know the private keys.' (Yeah, right...) 'AAAAAAAAAHHHHHHHHHH!!!!!!!!!!!' 'That's it! I'm never touching BTC ever again!' 20 years later The times, 2039: 'Fiat currency crashes, the chancellor can't bailout banks anymore... Burns credit cards, cheques, fiat money, and goes on the street to start begging for satoshis and dogecoin. Seriously though, please remember guys: not your keys, not your bitcoin. If it is truly lost/stolen and spent, no attorney can get it back for you. Cryptography will always be stronger than arbitrary laws and a convincing person's words. submitted by /u/keto-guy03 [link] [comments]

Venezuela With New Rules About Bitcoin Mining - Kryptoposten Posted: 05 Feb 2019 01:23 AM PST submitted by /u/Haffelaffe1337 [link] [comments]

Bitcoin and Deflation. Can someone teach me the basics? Posted: 05 Feb 2019 12:13 AM PST Hi guys, I see all the posts about how much less certain currencies are worth after X amount of years due to inflation. Can anybody here provide a link or short explanation about how running on a deflationary currency can work out? When I think about living in a country that has one currency and that currency keeps getting more valuable, I do think that I will still use it to buy the things I need to live. But I would probably be way more hesitant about spending it for unnecessary goods. All this depends on the rate of deflation of course. That has to impact the economy in a bad way right? Less progress in certain markets because people hold on to their money more, waiting for its value to grow. Although less consummation might also lead to less excess products and therefore be better for our environment.. but that's an entirely different argument I suppose. TLDR; Is inflation a "necessary evil"? submitted by /u/H1gH_EnD [link] [comments]

U.S. Federal District Court Declared Bitcoin As Legal Money Posted: 04 Feb 2019 06:28 AM PST submitted by /u/AI-Test_Bot [link] [comments]

Is it good that the top 4 mining pools have about the same amount of computing power? Posted: 04 Feb 2019 06:21 PM PST submitted by /u/keto-guy03 [link] [comments]

Hacker Who Stole $5 Million [in Bitcoin] By SIM Swapping Gets 10 Years in Prison Posted: 04 Feb 2019 11:46 AM PST submitted by /u/bitmegalomaniac [link] [comments]

The (Potential) real milestones of Bitcoin following the "Lindy Effect" Posted: 04 Feb 2019 10:45 AM PST submitted by /u/Captain_TomAN94 [link] [comments]

Bitcoin is the only cryptocurrency with over 100k daily active addresses. Bitcoin is at 640k, next closest is at 86k. Posted: 04 Feb 2019 07:20 AM PST submitted by /u/6maud [link] [comments]

A bit of an off topic strectch... but further evidence that decentralization ( as is part of bitcoin's design) is a strength? Napoleon's army was innovative and strong because each part could operate as an independent army for a period of time. Posted: 04 Feb 2019 09:39 PM PST submitted by /u/plumbforbtc [link] [comments]

Our savior Andreas Antonopoulos has spoken! Posted: 04 Feb 2019 02:28 PM PST submitted by /u/braincrowd [link] [comments]

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