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    Bitcoin Daily Discussion, March 07, 2019

    March 07, 2019

    Bitcoin Daily Discussion, March 07, 2019

    Daily Discussion, March 07, 2019

    Posted: 06 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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    Don't let them steal your Bitcoin. This is a long game. With all of the development happening and positive news the whales play time will be over.

    Posted: 06 Mar 2019 11:03 PM PST

    Experts finally cracked the laptop of the crypto CEO who died with sole access to $137 million. But the money was already gone

    Posted: 06 Mar 2019 11:56 AM PST

    World-renowned economic historian who thought Bitcoin was a 'delusion' now admits he was 'very wrong'!

    Posted: 06 Mar 2019 06:14 PM PST

    Last night I watched my friend trying to buy a vehicle. It was so painful.

    Posted: 06 Mar 2019 11:53 PM PST

    I drove my friend to pick up a vehicle he was going to buy for a few thousand, we got to the sellers property at around 7pm.

    My friend thought he could either use PayPal or bank transfer easily and that would be that. Good God no. There were two people at the property with a PayPal account, my friend tried to send the money to both accounts. First they thought my friend could just send the money to an email, nope. Then the sellers were bumbling around trying to remember their passwords to their accounts and when they finally did, they realize that they weren't verified. They both go through the process to verify. At the end they realize they have to wait a few days to be accepted. Pfft.

    My friend tries to transfer through the mobile banking app, denied. My friend then calls his bank to transfer the money. The bank tell him he has to transfer the money after midnight and couldn't do so now! WTF! My friend then has to log in to Internet banking on the sellers laptop. Adds the seller as a payee and then finally sends the amount. But wait, it doesn't instantly transact because it's a large sum, it transfers the next day. Luckily the seller wasn't too bothered and just took a picture of the confirmation of transaction and handed the vehicle over. If it was any other guy our journey would have been a waste.

    Madness. Spent 45 minutes trying to send a few thousand to a private seller. Granted my friend could have just withdrawn the money earlier in the day but he leads a busy life and didn't have time.

    Today's shit is too damn inconvenient.

    submitted by /u/rxylab
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    Jack Dorsey spends $10K a week on bitcoin, predicts a 'massive' bitcoin boom

    Posted: 06 Mar 2019 03:44 PM PST

    Are we near the end of the bear market? Using UTXO’s to analyze Bitcoin long term price cycles

    Posted: 06 Mar 2019 03:57 PM PST

    Biggest bank in France is totally down, is bitcoin down ?

    Posted: 07 Mar 2019 02:53 AM PST

    We are a CBD & hemp dispensary in Nashville and we just started accepting bitcoin!! Does anyone have any experience with GoUrl for accepting BTC payments?

    Posted: 06 Mar 2019 01:37 PM PST

    As a Long time Bitcoin user I no longer feel safe downloading cracked copies of Games.

    Posted: 06 Mar 2019 03:16 PM PST

    For the first time in my life I have begun paying for PC games. It's just not safe to torrent anymore.

    submitted by /u/StoneHammers
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    Useful snippet to dump all Bitcoin addresses and privkeys from your wallet.

    Posted: 06 Mar 2019 10:16 PM PST

    Update Chrome NOW, or switch to Firefox, zero day is currently in the wild.

    Posted: 06 Mar 2019 06:05 PM PST

    Antalya Homes Accepts Bitcoin for Property Sales in Turkey - Bitcoinist.com

    Posted: 07 Mar 2019 02:06 AM PST

    PayPal And Visa Warned Bitcoin Presents A 'Ludicrous' Existential Challenge -- This looks like PayPal and Visa are scared of their own future

    Posted: 06 Mar 2019 10:23 AM PST

    PSA: New electrum phishing attack

    Posted: 06 Mar 2019 07:46 PM PST

    There is a new phishing attack pointing users to download electrum 4.0.0 from electrumstart.org. It's nasty because it actually prevents electrum from broadcasting a transaction until the user upgrades, unlike the previous attack which just displayed a message.

    submitted by /u/18_points
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    A Chinese Village Claims to be First Crypto Culture Village with Bitcoin Carved on Guardrail

    Posted: 07 Mar 2019 01:53 AM PST

    Rare Wines For Bitcoin: IronGate.Wine Store Now Accepts Cryptocurrencies

    Posted: 07 Mar 2019 01:23 AM PST

    Total world debt is hovering near $244 trillion... More than three times the size of the global economy. All this debt will make bitcoin end up being the dominant currency!

    Posted: 06 Mar 2019 03:17 PM PST

    Reaching the first 1% is the hardest

    Posted: 06 Mar 2019 06:56 PM PST

    Because of exponential properties of networked systems, reaching that first one percent is always the hardest, because at the beginning the network effects virtually do not push growth. After the first one percent reaching 10% and higher is less difficult than getting to 1% because the network effect creates incentives for people and organisations to join.

    The Lightning Network has a goal of reaching 1 million nodes, which is just an arbitrary large number, but it represents a psychologically significant tipping point when a system won't be dismissed anymore even by those who don't understand the technology well enough. 1 million nodes would mean there is a large, active and striving economy behind the network. 1M is not a limit of the network, as long as we can keep improving the routing algorithms.

    According to https://1ml.com/ there are at 7+K LN nodes now. It's likely that we already closer to 1% of 1M already, as explorers can only see public nodes, and there is an unknown quantity of non-public nodes out there as well.

    So far most nodes are operated by forward thinking technophiles. Within two months, we can expect to see a sudden (in absolute terms) growth of LN because the network effects will start to exert a force on economic players as well, such as exchanges, payment processors, stores, games, online-services, freelancers, etc. We will also start to see significant atomic swapping happening between the Bitcoin LN, Litecoin LN and Ethereum Raiden networks, which are slowly growing too.

    Exciting times! ⚡️

    submitted by /u/binarygold
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    Online IDE repl.it has a game-designing competition with a prize of 1 BTC

    Posted: 07 Mar 2019 12:37 AM PST

    Canadian Judge Gives QuadrigaCX More Time

    Posted: 07 Mar 2019 12:42 AM PST

    Audio: Andreas M. Antonopoulos on What Happens When Bitcoin Takes Over

    Posted: 06 Mar 2019 07:10 AM PST

    Jack Dorsey spends $10K a week on bitcoin, predicts a 'massive' bitcoin boom

    Posted: 06 Mar 2019 05:54 PM PST

    Buy affordable art with Bitcoin

    Posted: 07 Mar 2019 01:23 AM PST
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