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    Bitcoin r/Bitcoin recap - February 2019

    Bitcoin r/Bitcoin recap - February 2019


    r/Bitcoin recap - February 2019

    Posted: 01 Mar 2019 05:22 AM PST

    Hi Bitcoiners!

    I'm back with the 26th monthly Bitcoin news recap.

    For those unfamiliar, each day I pick out the most popular/relevant/interesting stories in r/Bitcoin and save them. At the end of the month I release them in one batch, to give you a quick (but not necessarily the best) overview of what happened in bitcoin over the past month.

    A recap of Bitcoin in February 2019

    Adoption * bitcoin can now be used to fund your public transport card in 37 cities in Argentina (7 Feb) * There are as many transactions today as in January 2018 but with all time low fees (7 Feb) * Bitcoin's Lightning Network currently has 6000 nodes and $2.4M in capacity (9 Feb) * A service that lets you buy Domino's Pizza via the Lightning Network in the US (13 Feb) * Bitcoin's average block size is now 1.3MB (14 Feb) * An Argentinian company settles export deal with a client in Paraguay using bitcoin (15 Feb) * The Lightning Network reaches 700 btc in capacity (16 Feb) * A butchery in Kenya accepting bitcoin (17 Feb) * The ₿ symbol is now a listed currency when you long press the $ sign on a mobile keyboard (19 Feb)
    * A Lightning developer's node is routing more than $10k per month for a 0.25% fee (19 Feb) * Jack Dorsey, CEO of Twitter and Square, promotes bitcoin tipping on Twitter (20 Feb) * bitcoin transactions near an all-time high of 3.87 transactions per second (21 Feb) * Finanzen.net, a german finance site, starts lising the EUR/BTC exchange rate (21 Feb) * 20% of Localbitcoins 4.8M visits come from Venezuela (26 Feb) * $52M of bitcoin bought on Cash app in Q4 2018 (27 Feb)

    Development * The Casa node has been open-sourced (1 Feb) * A specification for trustless non-pegged sidechains (4 Feb) * Blockstream creates a new Multisignature standard (18 Feb) * BTCPay Server now has payment requests (26 Feb)

    Security * A discussion on traditional mixers vs Wasabi wallet (2 Feb) * Another Electrum wallet phishing attempt (4 Feb) * Someone gets scammed for $50 worth in bitcoin by a QR code switch (19 Feb) * Coinomi wallet sends your plain text seed phrase to Google's remote spellchecker API (27 Feb)

    Business * Kraken exchange CEO on the QuadrigaCX coins (3 Feb) * People discuss the bitcoins held by bankrupt QuadrigaCX (4 Feb) * TD Ameritrade is advertising how to invest in Bitcoin on YouTube (10 Feb) * Lightning integration will eventually come to Square's Cash app according to its CEO (11 Feb) * Samsung's Galaxy S10 will have secure storage for private keys built in (20 Feb) * A 21-year old couple is working on a hardware wallet (23 Feb)

    Research * Bitcoin's wealth distribution across addresses increased over the past 2 years (13 Feb)

    Education * Bitcoin's prehistory (2 Feb) * People discuss the best real-time bitcoin news feeds (8 Feb) * Someone discusses their small bitcoin mining operation (9 Feb) * A new report on financial privacy from Coin Center (11 Feb) * Andreas Antonopoulos on splicing (25 Feb)

    Regulation & Politics * The SEC thinks some cryptocurrency will match their ETF requirements eventually (7 Feb) * Government-mandated asset seizure will be limited in the U.S. (23 Feb)

    Archeology (Financial Incumbents) * The British pound is the oldest fiat currency at 317 years and now worth 0.5% of its original value (4 Feb) * JPMorgan Chase incorrectly analyses that bitcoin miners operate at a 16% loss (12 Feb) * JPMorgan Chase launches its own centralized JPM stablecoin (14 Feb) * The IMF comes up with a plan to devalue cash and introduce negative intrest rates (17 Feb) * Venmo's KYC when someone paid back a sandwich is a great reminder why we need bitcoin (20 Feb)

    Price & Trading * Bitcoin passes $4k for the first time in a while (19 Feb)

    Fun & Other * A discussion on former Bitcoin developer Mike Hearn (1 Feb) * Twitter CEO Jack Dorsey says he thinks the currency of the Internet will be bitcoin (2 Feb) * Twitter and Square CEO Jack Dorsey passes on the Lightning Torch (5 Feb) * Some instructions on how to send letters using a computer if you think sending bitcoin is difficult (6 Feb) * Why Bitcoin should succeed (7 Feb) * Other technologies that died just like Bitcoin (8 Feb) * Elon Musks compliments cryptocurrency for value transfers (20 Feb) * Elon Musk says whoever owns the early btc deserves a Nobel prize in delayed gratification (21 Feb) * A Lightning-powered chicken feeder (22 Feb) * A Malaysian bookstore with Bitcoin and Blockchain books on top of the finance section (28 Feb)

    submitted by /u/SamWouters
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    Daily Discussion, March 03, 2019

    Posted: 02 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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    The "Sat". A proposal for the symbol of the Bitcoin unit, satoshi.

    Posted: 03 Mar 2019 12:17 AM PST

    Long Bar at Patong Beach in Phuket, Thailand. Just paid for lunch and drinks (Pad Thai and Mai Tais) using Bitcoin. Glad to see that Bitcoin is taking off in Thailand.

    Posted: 02 Mar 2019 11:29 PM PST

    China banned 23 million people last year from buying plane/train tickets because their social credit scores were too low. That is just the start. Now tell me again the "benefits" of Facebook or JP Morgan coin over bitcoin. Do they really outweigh that dystopian future?

    Posted: 02 Mar 2019 10:48 AM PST

    Crypto 2018 vs 2019

    Posted: 02 Mar 2019 11:24 PM PST

    Twitter CEO Jack Dorsey Shows Off His (Casa) Bitcoin Full Node

    Posted: 02 Mar 2019 07:20 AM PST

    Found one of you at a gas station in Massachusetts

    Posted: 02 Mar 2019 05:15 PM PST

    Why You Should #DeleteCoinbase - A look at the history of Brian Armstrong's bad decisions

    Posted: 02 Mar 2019 07:38 PM PST

    Localbitcoin locked bitcoins over 4days now

    Posted: 03 Mar 2019 02:40 AM PST

    Guy opens trade with me 28th Feb, selling his bitcoins £2k worth.. he didn't release from escrow after I paid him instantly.

    I opened a dispute within 30mins of paying due to the delay of him releasing.. 4days in and admin still won't release even though I've shown evidence.

    Been a vendor on Localbitcoins since 2015...never experienced such shit service!

    Bitcoins still stuck in escrow!

    submitted by /u/kamiownz
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    CNN is a greedy corporation

    Posted: 02 Mar 2019 08:42 PM PST

    Of course they're going to say, "Bitcoin bad. Bank good." Of course they're going to put it on their front page from time to time, with clickbait like "How much Bitcoin should you own?" and in the article saying "no bitcoin hahaha lmaooooo".

    And of abso-lutely freaking course, they just have to mention:

    "Even banking titan JPMorgan Chase recently launched JPM Coin to help speed up some cross-border client transactions."

    CNN is great at comedy when it come to finance.

    https://www.cnn.com/2019/02/28/success/wealth-coach-bitcoin/index.html

    submitted by /u/DecentraNet
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    The notorious "third party"/"man in the middle" scam on Bitcoin Marketplaces explained.

    Posted: 03 Mar 2019 02:27 AM PST

    Spanish Hotel Chain Casual Hoteles launches pilot for Bitcoin Payments | CoinMarketFeed.com

    Posted: 02 Mar 2019 11:15 PM PST

    Trump says strong dollar hurting U.S. competitiveness

    Posted: 03 Mar 2019 12:12 AM PST

    Coinbase and their bullshit reaffirming the decision to close my account.

    Posted: 02 Mar 2019 05:48 PM PST

    Blockstream Releases Bitcoin Lightning Network Implementation Upgrade

    Posted: 02 Mar 2019 01:59 PM PST

    Send Bitcoin instead of Venmo or PayPal. Spread the wealth.

    Posted: 02 Mar 2019 03:34 PM PST

    When going out with friends and the restaurant/club does not accept BTC, have your friends pay the bill on their card and then reimburse them using BTC. Have your friends download a wallet ( have them write their 12 words ) and then send them your portion of the tab. Tell them to think of it as a long term retirement plan. They will love you for it in a few years. BRD wallet is an easy download, no KYC mess at the initial download.

    submitted by /u/Mistermathman
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    Adoption!

    Posted: 02 Mar 2019 03:34 PM PST

    Bitcoin full node, and lightning node.

    Posted: 03 Mar 2019 02:34 AM PST

    Just got my Bitcoin full node, and lightning node up and running! Exited to start using the lightning network :D If annyone wants to connect to my node, here is the address:

    025d0e4884abd93fa899d85c681e36fd02af62082f61d33b4987be7646731c2a56@84.202.162.241

    submitted by /u/Tverg
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    Fintech company Square reports record-breaking revenues by selling $52 million in Bitcoin in their Cash app during Q4 2018 only

    Posted: 02 Mar 2019 07:54 AM PST

    The best alternative to coinbase and all kyc scam sites is BISQ

    Posted: 02 Mar 2019 10:41 AM PST

    I have been using bisq to accumulate my bitcoin stash for over 6 months. It's great and you're doing yourself a disservice if you're still using kyc services.

    submitted by /u/bluethunder1985
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    Bitcoin mining on a boat.

    Posted: 03 Mar 2019 02:55 AM PST

    Shore power is used for heating and this could be used for mining instead.

    There is a decent shared WiFi connection ~1-3mb/s per boat.

    Would this be enough to run an old miner on?

    Cheers

    submitted by /u/N53W6
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    Bitcoin (BTC) Price Predictions: 42% of Investors Are Optimistic BTC Would Touch $100K And Beyond

    Posted: 02 Mar 2019 10:59 AM PST

    Max Keiser: Fed's 'Permanent QE' Flipped Bitcoin Price Bullish (Interview)

    Posted: 02 Mar 2019 09:02 AM PST

    Purchasing Comics with Bitcoin?

    Posted: 03 Mar 2019 12:28 AM PST

    Where can I purchase comics with Bitcoin? I collect vintage comics and would love to purchase some comics with Bitcoin! 😊

    submitted by /u/dinono33
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    Better proposal for Sat logo

    Posted: 03 Mar 2019 03:54 AM PST

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