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    Bitcoin Daily Discussion, March 06, 2019

    March 06, 2019

    Bitcoin Daily Discussion, March 06, 2019

    Daily Discussion, March 06, 2019

    Posted: 05 Mar 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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    Starbucks Will Now Accept Bitcoin Facilitated By The NYSE Backed Bakkt Platform

    Posted: 06 Mar 2019 12:06 AM PST

    Jack Dorsey CEO of Twitter & Square is buying $10k in BTC each week.

    Posted: 05 Mar 2019 08:12 AM PST

    Deutsche bank and Citigroup part of $9 billion Russian money laundering operation.

    Posted: 05 Mar 2019 08:35 AM PST

    I made a video gambling via the Lightning Network... AMAZED at how fast it is!

    Posted: 06 Mar 2019 03:11 AM PST

    I think we should definitely do it to accelerate mass adoption.

    Posted: 06 Mar 2019 02:45 AM PST

    I think we should definitely do it to accelerate mass adoption.

    ​

    https://i.redd.it/birnz0vy8hk21.png

    ​

    Now I give 5 satoshis to everyone

    for free and without any conditions.

    ​

    I have even created the twitter account: twitter.com/GiverOfBitcoin

    ​

    So anyone may instantly start using and learning Bitcoin without any initial investment.

    So anyone can play with these 5 satoshis a lot, moving their satoshis through different LN wallets.

    ​

    Fortunately, Bitcoin LN payments are as fast as lightning and free!

    (And scanning QR-codes and sharing satoshis with others are the purest fun.)

    ​

    Here is the whole list of LN mobile wallets, lightningnetworkstores.com/wallets

    ​

    For absolute newcomers there is the article on Medium:

    (how to easily to create your first Bitcoin LN invoice)

    medium.com/@GiverOfBitcoin

    ​

    Indeed, I think, now even 1 satoshi is enough to start using Bitcoin and to learn a lot about Bitcoin.

    Since even the smallest amount (1 satoshi) shows anyone what is possible with Bitcoin now and it is just amazing.

    ​

    7 000 000 000 (people)*1(sat) = 7 000 000 000 satoshis = 70 bitcoins

    So all we need is just 70 bitcoins in total for the whole world to really accelerate mass adoption to the max.

    ​

    There may be multiple points of giving away.

    ​

    Your thoughts?

    ​

    Updated:

    Thanks to everyone!

    I need more retweets.

    Please go on twitter and do more retweets so more newcomers will know about this possibility.

    submitted by /u/elativeb
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    The $SAT symbol is hidden in the Bitcoin symbol itself!

    Posted: 05 Mar 2019 12:45 PM PST

    Egypt actually considers Bitcoin as "haram." Any Egyptians here to confirm this?

    Posted: 05 Mar 2019 11:23 PM PST

    tippin.me Badge Generator - Add a tippin.me badge to your open source projects to allow people to tip your work.

    Posted: 05 Mar 2019 07:25 PM PST

    Ok... who is it? Spotted today in AZ

    Posted: 05 Mar 2019 06:47 PM PST

    New amazon show has an episode (7) about bitcoin! Even interviews the guy who famously throws away the hard drive with $65 million worth of bitcoin on it

    Posted: 05 Mar 2019 04:54 PM PST

    This children's book at my kid's daycare

    Posted: 05 Mar 2019 10:09 AM PST

    Lightning Network Effect? Yes or No?

    Posted: 06 Mar 2019 12:05 AM PST

    Is Bitcoin really decentralized?

    Posted: 06 Mar 2019 01:42 AM PST

    Please, be stable at 4k

    Posted: 05 Mar 2019 03:37 PM PST

    Check your email to see if you have a Creditor Number from MTGOX

    Posted: 05 Mar 2019 11:52 PM PST

    It should look something similar to this:

    Dear MTGOX Rehabilitation Creditor:

    We have duly received, through mail to the Rehabilitation Trustee, the proof of rehabilitation claim that was filed by you with respect to the civil rehabilitation proceedings of MtGox Co., Ltd. (Tokyo District Court; 2017 (sai) Case No.35).

    Creditor Number XXXXXXXXXXXXX has been assigned to the filing of your proof of rehabilitation claim. Please do not forget this Creditor Number as the Creditor Number is required in the civil rehabilitation proceedings going forward.

    Please contact the Call Center detailed below, if you did not file a proof of rehabilitation claim but received this email. · For Japanese speakers Telephone: 03-4588-3921 Hours: 10:00 – 17:00 (Japan time) from Monday to Friday (excluding Japanese holidays)

    submitted by /u/pimpingken
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    Why are there commissions on the cryptoexchanges? – exmo-official – Medium

    Posted: 05 Mar 2019 03:00 PM PST

    I wrote a guide for installing LND and running Lightning over Tor on a Bitseed 3 node (with open questions at the end - help wanted!)

    Posted: 05 Mar 2019 06:54 PM PST

    People Are Paying Bitcoin to Send Weird and Wild Messages Into Space

    Posted: 06 Mar 2019 02:13 AM PST

    The LNBIG earned for last 30 days (2019-02-06 - 2019-03-06)...

    Posted: 06 Mar 2019 01:51 AM PST

    Unpopular opinion: No need for satoshi symbol. Stick with Bitcoin, BTC, and ₿.

    Posted: 06 Mar 2019 02:59 AM PST

    What's being debated is really a deflation-driven re-denomination, but there is lots of precedence for inflation-driven re-denominations:

    • New Franc (France),
    • New Peso (Mexico),
    • New Shekel (Israel),
    • New Lira (Turkey),
    • New Taiwan Dollar,
    • Brazil's many interesting new-denominations,
    • probably many more I'm unfamiliar with.

    In a world where satoshis / sats are a useful pricing denomination, it would be clear from context whether denomination is "sats" (new) or "Bitcoin" (old) since there's eight orders of magnitude difference.

    During times of transition (now) there is confusion, but trying to introduce a new named "currency" (since it has a symbol) will only increase that confusion.

    Also, I think it's unclear whether the future "new Bitcoin" denomination should be sats vs bits/μBTC vs mBTC, and if either of the latter are the case, the sats denomination is all the more confusing.

    Another analogy would be stock splits. When a company does a e.g. 7:1 stock split, it doesn't get a new symbol.

    My bias is that Bitcoin should be simple for new users and general public, and a new symbol for "sats" feels like a re-branding that dilutes mindshare and increases confusion.

    That's why I think successful re-denominations and stock-splits are useful analogies. As are the perils of re-branding consumer products, with the opposite implication.

    Think the best counter-argument (to this unpopular opinion) is that the general public has lots of experience with fractional denominations, with the Latin-derived "cent" being the most common. But even here I think there is trouble because:

    1. While the general public is aware cents, in many countries there are fractional denominations which are only used by specialists and don't have a symbol. For example in the US the lowest denomination established by law is the "mill" which is one-tenth of a cent and one-thousandth of a USD. Aren't sats (especially now) more like these specialist denominations?

    2. In most countries, the general public does not use a symbol for "cent", which is sometimes ¢, and instead just abbreviates the word ("25c.") or uses a decimal in written contexts ("0.25").

    For everyone passionate about adoption and use of sats, I think it makes more sense to just use "s." (as an analogue to cents) when working with sats (adding BTC / ₿ if unclear whether you're talking about Bitcoin), and as Bitcoin use transitions to a new base denomination (whether it is mBTC, bits, or sats), that can become "new Bitcoin" (consensus-driven re-denomination).

    EDIT: typos

    submitted by /u/colinhb
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    Which are the best and safest Bitcoin BTC Wallets? (UPDATED) | Cryptimi

    Posted: 05 Mar 2019 11:24 AM PST

    Quadriga cryptocurrency wallets were emptied months before founder’s death

    Posted: 05 Mar 2019 04:52 PM PST

    BREAKING: The dollar pulls back slightly up to 0.00027 BTC

    Posted: 05 Mar 2019 07:21 AM PST

    So... you have some time and want to make some Satoshis? Create a simple website on which you collect the various logos for a Satoshi and have people vote. One vote costs one Satoshi.

    Posted: 05 Mar 2019 08:57 PM PST

    I think would be great fun, would serve as a great showcase for lightning, whoever wants to vote has to use a lightning wallet... Yes, people could buy many votes by paying a lot but who cares? It's not binding yet fun.

    submitted by /u/wannabeadiplomat
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