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    Bitcoin Daily Discussion, May 31, 2019

    May 31, 2019

    Bitcoin Daily Discussion, May 31, 2019

    Daily Discussion, May 31, 2019

    Posted: 31 May 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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    It’s over 9000!!!!

    Posted: 30 May 2019 09:00 AM PDT

    Seen in Marseille, France.

    Posted: 31 May 2019 12:58 AM PDT

    Over 9000 [OC] - Been sitting on this illustration for over a year!

    Posted: 30 May 2019 09:03 AM PDT

    Bitcoin 2019's updated speaker lineup presents a fascinating lineup of people ready to take the stage to talk about #Bitcoin June 25-26. The future is exciting.

    Posted: 31 May 2019 02:48 AM PDT

    Bitcoin doesn’t care about your TA

    Posted: 30 May 2019 09:56 AM PDT

    Best 6 minutes ever

    Posted: 30 May 2019 09:30 AM PDT

    Recieved an email from my university that they would be optionally issuing a digital version of a diploma anchored in the BTC blockchain. What did we achieve when the docs from the university are manipulated and they put it in the blockchain?

    Posted: 31 May 2019 03:53 AM PDT

    What did we achieve when the docs from the university are manipulated and they put it in the blockchain? Couldn't the university just encrypt the data and put it on amazon aws?

    submitted by /u/Bitcoin_to_da_Moon
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    Can I buy Bitcoin using a prepaid card?

    Posted: 31 May 2019 01:59 AM PDT

    I do not have Bitcoin, and I would like to buy a new Bitcoin. So the question is, can I buy Bitcoin using PayPal or a prepaid card? If there is, please tell me how, site, software.

    submitted by /u/cbwigyqbv
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    Clippy, Wei Dai, and Nick Szabo

    Posted: 30 May 2019 09:20 PM PDT

    I found this really interesting post with a very long comment section. Included is Wei Dai, who Satoshi Nakamoto referenced the work of in the whitepaper. It seems like $10,000 gets thrown around as a price bitcoin could reach. Consider that this was 8 years ago. In the below links to a comment that this is the post that turned his attention to mining. It seems to be a coincidence that he was a member of the forum-

    https://www.lesswrong.com/posts/ijr8rsyvJci2edxot/making-money-with-bitcoin#hbEu9ue9eymNzaF2J

    [-]Wei_Dai

    8y

    Can you change the rules of Bitcoin to help us?

    Hi Clippy, what made you think that I might be able to? If you read the Wikipedia article, you should know that I didn't create Bitcoin but only described a similar idea more than a decade ago. And my understanding is that the creator of Bitcoin, who goes by the name Satoshi Nakamoto, didn't even read my article before reinventing the idea himself. He learned about it afterward and credited me in his paper. So my connection with the project is quite limited.

    BTW, thanks to the discussion you started, I bought a Radeon 5870 and started mining myself, since it looks likely that I can at least break even on the cost of the card. (Of course I heard about Bitcoin earlier, but in my version of the idea, nobody can make large profits by mining/minting, so I didn't look into the possibility.) However I should warn you and others here that I have not analyzed the security of the protocol (since my time is perhaps better spent on other problems at the moment). My understanding is that not many other cryptographers have analyzed its security either, and in my experience these kinds of protocols often have flaws that are not found until that has happened.

    I arrived at the above thread/comment from a post by nick szabo- http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.html?m=1

    And boy am I shocked by how much time he took in the comment section to delicately explain how money works. His understanding of how e-currencies work and how money works is great to read through.

    I highly recommend you guys take a look into the above urls. I got interested in figuring out a little more about these guys, especially Wei Dai, after seeing his name in a totally unrelated paper having to do with Tor.

    https://murdoch.is/papers/oakland05torta.pdf

    "Low-Cost Traffic Analysis of Tor Steven J. Murdoch and George Danezis"

    Page 8: "The cover traffic should not only fill the links, to confuse a direct observer, but also make sure that it confuses indirect measurements as presented in this paper. When designing such a cover traffic strategy it is also important to keep in mind Wei Dai's attack [5]: an adversary can try to fill the victim node with their own traffic, trying to eliminate all the cover traffic. This is very similar to the indirect mea- surement of traffic load that we have performed, and shows that Tor would have to use cover traffic all the time, and not simply when there is not enough genuine traffic to fill all the links."

    submitted by /u/MarcBago
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    Institutional Bitcoin FOMO Is here. Grayscale Trust Buying 21% Of All BTC Mined [YouTube]

    Posted: 30 May 2019 04:04 PM PDT

    Coinstar Expands to 2,200 Locations After 'Overwhelming' Bitcoin Demand

    Posted: 30 May 2019 07:09 AM PDT

    How to buy Bitcoin at ATM?

    Posted: 31 May 2019 02:14 AM PDT

    I do not have Bitcoin but I would like to buy it at ATMs anew. Please tell me what you need. I have a desktop version of the wallet's Wasabi Wallet, can I just use this address?

    submitted by /u/cbwigyqbv
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    Not updating Ledger a risk to his Bitcoin?

    Posted: 31 May 2019 04:55 AM PDT

    My father has some Bitcoin on a Ledger Nano S that hasn't been firmware updated since 2017. Is there any danger of losing the Bitcoin by not updating the Ledger by now or over the next couple of years?

    submitted by /u/replemished
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    New tee design. What do you folks think?

    Posted: 30 May 2019 02:47 PM PDT

    I'm not selling. Hands are strong and staying put.

    Posted: 31 May 2019 04:32 AM PDT

    No point selling when things are red

    Better to sell when things go green

    No point selling when things are less than 500k

    Wait a lil longer and itll all be OK

    No point selling when there ain't no fomo

    Wait a lil longer and itll be soon fo sho

    submitted by /u/differentisme
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    After 1 year of use, today I discovered Localbitcoins.com is broken

    Posted: 31 May 2019 04:30 AM PDT

    I need 1000 GBP for crack and whores this weekend, so I load up Localbitcoins.com and browse the buyers.

    ​

    Great! I find a guy that can do cash deposits to UK banks, and his rate is 6849 GBP / BTC (about 5% better than spot price!)

    ​

    I'm not one to ask questions, so I jump in and initiate the trade.

    ​

    After 4mins I get a msg - It turns out he "forgot to change" his price.

    ​

    Chat thread here: https://imgur.com/Ri2zeVG

    ​

    Ahh, well you know what they say, if it's too good to be true...

    ​

    But whatever, he cancels the trade, and I give him neutral feedback.

    ​

    Harsh? Well...

    ​

    1. You can set up auto pricing on Localbitcoins.com so there is no excuse for forgetting to change the price.
    2. Having the best rate puts you at the top of the search results = more trades.
    3. He immediately offered a lower price.

    ​

    This makes me think he was doing this on purpose to bait in trade offers, then negotiate a lower more realistic price.

    ​

    He had 98% rating - 249 positive - 20 neutral - 6 negative.. forgetting to change the price is a noob mistake he wouldn't make.

    ​

    But whatever... I give him neutral (not negative)....

    ​

    It turns out he wasn't too pleased with neutral feedback and began to threaten me.

    ​

    I've just ignored him for now - but this makes me realise that the whole system is flawed. I imagine some people would be tempted to revoke their feedback, which means you can't trust feedback!

    ​

    Localbitcoins.com needs to make it anonymous to prevent people being scared to snitch.

    ​

    Looks like I'll have to stay in this weekend with a pot noodle and Netflix.

    submitted by /u/ToxicJeffow
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    What did you guys do??!

    Posted: 30 May 2019 02:28 PM PDT

    If it wasn't for the vegeta memes this shit wouldn't have happend

    submitted by /u/NoGooderr
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    Thank you whales!!

    Posted: 30 May 2019 03:00 PM PDT

    Tomorrow is my payday and whales thought of me. I can now buy more at a lower price!!! Thank you whales.

    submitted by /u/daftmydaft
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    Magical Crypto Friends - Fake Panda

    Posted: 31 May 2019 04:17 AM PDT

    Question re Ledger

    Posted: 31 May 2019 01:14 AM PDT

    So, fairly new to crypto and easing myself in gently. Can I view my nano s and nano x on the ledger live app?

    submitted by /u/anderz_287
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    Bitcoin: Sovereignty through mathematics #books #bitcoinbooks #austrianeconomics #freedom

    Posted: 30 May 2019 10:09 PM PDT

    POV Crypto Podcast: Is Bitcoin Safe From Itself? — with Dan Held

    Posted: 30 May 2019 11:27 AM PDT

    Bitcoin Q&A: Social Good, Legality, and Adoption - Andreas Antonopoulos

    Posted: 30 May 2019 09:45 PM PDT

    Anyone have any update on where we stand with the larger institutions selling Bitcoin to investors?

    Posted: 30 May 2019 08:20 PM PDT

    I heard that Bakkt, E-Trade, Fidelity and TD Ameritrade were all planning to start selling but haven't seen any recent announcements. How close are we to this happening?

    submitted by /u/kolinHall
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    Bitcoin is a decentralized start-up nation

    Posted: 30 May 2019 04:14 PM PDT
    Read more
    at

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