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    Bitcoin Daily Discussion, June 01, 2019

    Bitcoin Daily Discussion, June 01, 2019


    Daily Discussion, June 01, 2019

    Posted: 01 Jun 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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    Live stream from the Bitcoin lightning network Hack Day in Munich Please share the stream and amazing lectures.

    Posted: 01 Jun 2019 03:39 AM PDT

    Hey Craig

    Posted: 31 May 2019 08:11 PM PDT

    Sucking the life out of fiat currency

    Posted: 01 Jun 2019 08:21 AM PDT

    LocalBitcoins has removed Cash trades!

    Posted: 01 Jun 2019 06:11 AM PDT

    I haven't seen this mentioned on here, but almost all major online gold dealers accept BTC as payment for a HARD ASSET.. Everybody, that's pretty fucking awesome.

    Posted: 31 May 2019 09:26 AM PDT

    My local convenience store just started accepting Bitcoin! The future is decentralised

    Posted: 01 Jun 2019 06:28 AM PDT

    Giacomo Zucco - Why there is only one Bitcoin

    Posted: 01 Jun 2019 04:34 AM PDT

    No excuses not to have a full node and lightning network, it's unfairly easy: Node Launcher

    Posted: 01 Jun 2019 02:41 AM PDT

    https://github.com/lightning-power-users/node-launcher - it also runs in pruned mode if not enough HDD space

    submitted by /u/stefek99
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    A 12 word seed provides 128 bit entropy. A 24 word seed provides 256 bit entropy (refuced to 160 bits by ripemd160). How much entropy does a 12 word seed with additional self-chosen password/passphrase provide?

    Posted: 01 Jun 2019 04:47 AM PDT

    typo: "reduced"


    Edit: My conclusion (see comments in the thread) is that already a rather weak password added to the 12 word seed is sufficient to boost the seed's overall entropy from 128 bit to above 160 bit, which is the entropy of a private key itself (due to RIPEMD160 hash).

    So with a sole 12-word seed, a brute force attacker would be much better off attacking the seed (128 bit) than the private key itself (160 bit). But with a moderately complex 13th password on top of the 12-word seed, the seed's entropy would exceed 160 bit and the attacker would be better off brute-forcing the private key directly.

    Important: This logic only holds if I do NOT use the password-free 12-word-seed wallet at all! Because, if I store some dummy bitcoins on the wallet without passphrase, the successful attacker has already found a valid seed with a 128-bit attack and needs negligible additive (instead of otherwise multiplicative) extra effort (say 32 bits) to find my full wallet, which thereby lost its 160 bit security!

    submitted by /u/Amichateur
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    Live stream from the Bitcoin lightning network Hack Day in Munich Please share the stream and amazing lectures.

    Posted: 01 Jun 2019 03:38 AM PDT

    KYC Civil Disobedience

    Posted: 01 Jun 2019 08:17 AM PDT

    KYC is not what satashi wanted for bitcoin. Bitcoin is for the people of this world to be able to own sound money outside of government control. Governments of this world are forcing regulations on this space that should not be follwed. I am calling for civil disobediance for ALL crypto regulation. I will be making a new "localbitcoins" site that will not comply to any government regulation. I also plan on developing a non kyc decentralized exchange that will not comply with government regulations. The beauty of blockchain is it can not be stopped. We the people for the first time can own, control, and freely send our money to anyone for anyreason without a government or a bank. So why are we complying with government on something that we should disobey with? Satashi gave us blockchain and im going to disobey government and give this community an exchange satashi would have wanted.

    submitted by /u/AimClip
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    Bitcoin Is Just Getting Started on Next Parabolic Cycle, Says Etoro’s Greenspan

    Posted: 01 Jun 2019 07:53 AM PDT

    Security Reminder For e-mail accounts. Backup security questions should be thought of as additional passwords. When asked "in what city were you born?" for example Just create another password.

    Posted: 31 May 2019 04:06 PM PDT

    Brand new to BTC

    Posted: 01 Jun 2019 05:32 AM PDT

    Yesterday I finally decided to buy into bitcoin after a long time of being on the fence. Im in $86, $82 after coinbase fees. Im using coinbase as my wallet, and my means of purchasing. I was curious if anyone has used or is still using the weekly buying feature in CB. I have it set up to buy $5 worth every week, but with the value going up by the day, and current projections, it may not be beneficial for me to do that and just start buying when the price dips. Any ideas/opinions are welcome af I'm new to this.

    And just like everyone else that bought in late, I'm really kicking myself for not buying the s*** out of it when it was under $14 for a btc.

    submitted by /u/BillyTheLawnChair
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    These Billionaires Want 25% of the Total Bitcoin Supply

    Posted: 01 Jun 2019 07:09 AM PDT

    You can now leave reviews/comments on LightningNetworkStores.com! (more info in comments)

    Posted: 01 Jun 2019 06:55 AM PDT

    Binance Research: 'Non-Crypto Public' is Now Getting Into Bitcoin

    Posted: 01 Jun 2019 05:46 AM PDT

    Stop posting Forbes blogs under the pretense that it's actually Forbes.

    Posted: 31 May 2019 04:21 PM PDT

    Nobody cares.

    submitted by /u/AstarJoe
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    Question: With Schnorr, can all the signatures (for all the inputs) in a CoinJoin tx be aggregated in to a single signature?

    Posted: 01 Jun 2019 07:36 AM PDT

    In other words, can we have CoinJoin transactions with just 1 scriptSig?

    Thanks in advance.

    submitted by /u/hyu-
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    Just found my old wallet.dat any help would really be appreciated

    Posted: 01 Jun 2019 06:42 AM PDT

    I've just found my folder called Bitcoin & Dogecoin from around 2014 on an SD card.

    I do not know the password apparently (tried to import with BitPay), I have the following files in this folder

    • Dogecoin.dat
    • multibit.key
    • profile.default > this is a folder
    • torrc
    • wallet.dat

    Any help getting into these would be greatly appreciated

    submitted by /u/Four-walls
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    Prime Minister of Pakistan talking about blockchain during Organization of Islamic Cooperation summit

    Posted: 01 Jun 2019 06:38 AM PDT

    Can someone ELI5 what bitcoin is?

    Posted: 01 Jun 2019 09:11 AM PDT

    I've heard about it from a few people and am curious if someone can explain it?

    submitted by /u/awertheim
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    Bitcoin vending machine. Swindon, UK

    Posted: 01 Jun 2019 09:08 AM PDT

    Taproot & Schnorr: Scalability and Privacy Upgrades for Bitcoin

    Posted: 31 May 2019 05:18 PM PDT

    Censorship resistant coffee purchase with Lightning at the Lightning Hackday in Munich

    Posted: 01 Jun 2019 05:31 AM PDT

    High Bitcoin Fees? Binance Just Moved $550 Million for $5 Bucks

    Posted: 31 May 2019 01:09 PM PDT

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