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    Bitcoin Daily Discussion, April 08, 2019

    April 08, 2019

    Bitcoin Daily Discussion, April 08, 2019

    Daily Discussion, April 08, 2019

    Posted: 08 Apr 2019 12:00 AM PDT

    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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    Carl Sagan's Prophecy From 1995 Is Scary Accurate

    Posted: 07 Apr 2019 11:31 AM PDT

    Bitcoin will have high fees. The block size shouldn't be increased.

    Posted: 08 Apr 2019 03:23 AM PDT

    We've had this debate for years, and it's cropping up again. I think we need to nip this in the bud now.

    If you increase the blocksize then you will decrease fees, thus making it easier for Veriblock and Coinbase to spam the network and never bother to optimise their platforms. When VeriBlock temporarily paused their system, confirmed on-chain transactions dropped from ~325,000/day to ~225,000/day. That should give you a sense as to just how much spam is being caused by low fees.

    If we go to 2MB, those companies will fill blocks up again. Fees will rise to the exact same level in a short period. Now you've got the same situation as before, except a whole lot of full node operators can't keep up with the bandwidth so turn their nodes off. Blocks will propagate through the network slower, centralising mining and providing an unfair advantage to the previous block winner.

    The final point, which really should shut this whole discussion down, is that we've already been through this. Bcash exists. It had the same code base as bitcoin at the time of the split. If that's how you think Bitcoin should operate, then just use bcash and be done with it. LN can be built on top of bcash, it's just barely anyone wants to develop for it because overwhelmingly technical people understand why raising the blocksize is a bad idea.

    If you're right, bcash will overtake Bitcoin and you can tell everyone I told you so. But you're not going to convince us to change the block size.

    And for the love of Christ, if you're a non-technical investor, maybe consider a little humility before insulting the Core devs and demanding a solution you know nothing about to a problem which doesn't exist.

    submitted by /u/Mccawsleftfoot
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    The Year is 2025. Bitcoin Has Hit 1 Million Per Coin and I'm like....

    Posted: 08 Apr 2019 12:13 AM PDT

    How to explain bitcoin to your grandparents? Here's some advice.

    Posted: 08 Apr 2019 02:52 AM PDT

    Can we have a civilized discussion about LN and block size?

    Posted: 08 Apr 2019 01:14 AM PDT

    The only side I take is for technology enhancement with the least compromises.

    ​

    I like the idea of LN but it seems that it's not ready yet. What worries me is that I am reading a lot of articles in the "other camp" about how important it is for LN to have blocks that can handle the traffic. I believe that this is also written down officially by the LN team.

    ​

    Since we can see that people are becoming enthusiastic again about Bitcoin, discussing this thing is of utmost importance. I think last time in 2017 we collectively as the community of this open source experiment failed to deliver. It was a combination of war and stubbornness from both sides while it's evidently obvious that a small increase in block sizes would solve a lot of problems including the separation of the community.

    ​

    Since when is it taboo to speak about technology? Am I at fault if I urge people to think about making a small block size increase (contrary to the looney decrease that Luke is proposing) so that we can be confident that LN will work as intended?

    ​

    What is the input from the LN team?

    ​

    Btw I am a bit worried that all our hopes now are a concentrated bet on well LN will be working in the future. In a sense everybody is betting on its existence as the only way to achieve scalability.

    submitted by /u/aelaos1
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    Move your BTC from exchanges to hardware wallets in case the US Gov repeats 1933 6102 act

    Posted: 07 Apr 2019 09:40 AM PDT

    Driving mass adoption: bitcoin is available within 5 miles of 90% of Americans via kiosk

    Posted: 08 Apr 2019 01:06 AM PDT

    Ariston - Bitcoin Edition - private key engraved in two parts to improve security

    Posted: 08 Apr 2019 12:02 AM PDT

    Electrum servers are under DDoS by a large botnet. Do not get scammed downloading some alternative version!

    Posted: 07 Apr 2019 01:29 PM PDT

    How to make bitcoin?

    Posted: 08 Apr 2019 04:03 AM PDT

    David Rosenberg: Fed Will Embrace 'Helicopter Money' In The Next Few Years

    Posted: 07 Apr 2019 07:20 PM PDT

    Mentor Monday, April 08, 2019: Ask all your bitcoin questions!

    Posted: 08 Apr 2019 04:00 AM PDT

    Ask (and answer!) away! Here are the general rules:

    • If you'd like to learn something, ask.
    • If you'd like to share knowledge, answer.
    • Any question about Bitcoin is fair game.

    And don't forget to check out /r/BitcoinBeginners

    You can sort by new to see the latest questions that may not be answered yet.

    submitted by /u/rBitcoinMod
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    I'm selling Bitcoin embroidered hats and this is what happened when I tried listing on Facebook

    Posted: 07 Apr 2019 11:13 AM PDT

    Bitcoins killer use case is already here.. we just dont realise it yet..

    Posted: 07 Apr 2019 01:02 PM PDT

    Opening a bank account and opening a brokerage account. Both are a headache. They are tedious, time consuming and tiring.

    They are like this because the bank or brokerage firm is liable for your actions.

    Decentalized networks, decentralized exchanges, decentralized market places, decentralized wallets are not liable for your actions nor can they be made to become liable. They are technologically neutral just like the internet, therefore need not impose any friction whatsoever.

    Bitcoins killer use case is its permissionless nature.

    Instead of bank branches and passports and forms and files and bometrics and hundreads of pen and paper signatures, now all you need is an app..

    Send money globally, trade crypto assets globally, all without anyones permission.

    That is something that is impossible to compete with.

    submitted by /u/slvbtc
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    We Need a Lightning Network Logo! Contribute Your Cool Design

    Posted: 08 Apr 2019 01:49 AM PDT

    BTC up 32.5% over 30d, remember not all mobile exchanges are equal.

    Posted: 08 Apr 2019 03:41 AM PDT

    #MoonOfTheMoment

    Posted: 07 Apr 2019 06:35 PM PDT

    You Can Pay Taxes in Bitcoin in This Small Canadian Town

    Posted: 07 Apr 2019 10:16 PM PDT

    Buying Bitcoin is Now Made Extremely Easy for the Australians

    Posted: 07 Apr 2019 09:06 PM PDT

    The Bitcoin Challenge Part 2: Solutions

    Posted: 08 Apr 2019 01:33 AM PDT

    Why Bitcoin’s “Toxic” Maximalism Makes Sense

    Posted: 07 Apr 2019 04:15 PM PDT

    Bitcoin modell all the way to Genesis Block.

    Posted: 07 Apr 2019 06:15 PM PDT

    Church of Bitcoin

    Posted: 08 Apr 2019 03:34 AM PDT

    Online store Gumnut is accepting Bitcoin for board games in Australia.

    Posted: 07 Apr 2019 02:27 PM PDT
    Read more
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