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    Bitcoin Daily Discussion, June 02, 2019

    June 02, 2019

    Bitcoin Daily Discussion, June 02, 2019

    Daily Discussion, June 02, 2019

    Posted: 02 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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    DAY 2 Live stream from the Bitcoin lightning network hack day in Munich. Enjoy and please share the knowledge.

    Posted: 02 Jun 2019 01:58 AM PDT

    Acquiring BTC under 9k be like..

    Posted: 01 Jun 2019 01:13 PM PDT

    Spotted in Victoria BC this evening.

    Posted: 01 Jun 2019 11:41 PM PDT

    Elon back at it again

    Posted: 01 Jun 2019 07:14 PM PDT

    Samourai Wallet - Introducing Samourai Dojo 1.0 (Samourai open-sourced their back-end)

    Posted: 02 Jun 2019 03:03 AM PDT

    Card game references Bitcoin - ADAHPTION?!?

    Posted: 01 Jun 2019 07:13 PM PDT

    Localbitcoins removes all in person advertisements

    Posted: 01 Jun 2019 07:11 PM PDT

    What are the best alternatives and why?

    submitted by /u/JandyJammer
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    I am Satoshi!

    Posted: 01 Jun 2019 11:46 PM PDT

    It looks like LocalBitcoins disabled any IN PERSON exchanges and now only has options for online methods. No warning, nothing i can find on this, what is going on?

    Posted: 02 Jun 2019 02:58 AM PDT

    I'm a buyer/seller on localbitcoins where i meet up with people in banks and exchange fiat currency for an agreed upon fee.

    ​

    Today I log on and all my ads but my one online payment ad were deleted. No sign of them existing except in my past deals page if i click on the original listing, it says it expired.

    ​

    To demonstrate, this is what is used to look like: http://archive.is/usciB notice the 4 panels (buy/sell online and same two for in person)

    ​

    This is a snapshot i just initiated: http://archive.is/1XtI7 notice the lack of any in person exchange

    submitted by /u/NYC_Prisoner
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    I’m stacking Sats! everyone should switch their trading / daily wallets to Satoshis for better perspective on things

    Posted: 01 Jun 2019 09:07 PM PDT

    The US's first attempt at currency fell by 99% in just about 15 years before disappearing. Interesting read if you have the time.

    Posted: 01 Jun 2019 01:21 PM PDT

    Quick technical question - don't upvote

    Posted: 01 Jun 2019 08:31 PM PDT

    Say you are given two bitcoin addresses:

    Address 1 has received two transactions of 5 bitcoin for a total of 10.
    Address 2 has received five transactions of 2 bitcoin for a total of 10.

    ​

    If I were to send the total amount (10) from each of the wallets, would the transaction fees be the same?

    ​

    Thanks.

    submitted by /u/Dre4mh4c3r
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    McAfee‘s Bitcoin bet visualized

    Posted: 02 Jun 2019 03:45 AM PDT

    If the pattern continues The value of 1 Bitcoin would be over $400,000 with-in the next 10 years.

    Posted: 01 Jun 2019 12:58 PM PDT

    any other alternatives to coinbase?

    Posted: 02 Jun 2019 04:07 AM PDT

    I am with Coinbase and fees seem quite high and I am with BMO which won't accepted Bitcoin transaction which is pissing me off... Any other alternatives? I usually buy BTC through Coinbase then send it to my Bread (wallet)... any other "Coinbase" that I can send to my wallet?

    *From Canada

    submitted by /u/goatmaster95
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    Looking at old bitcoin blog posts, articles, forum discussion, videos, etc, and a rough qualitative analysis

    Posted: 01 Jun 2019 09:31 PM PDT

    Recently I have been trying to learn everything there is to learn about bitcoin.

    I think that everything 'old' that I've read has been a huge indicator of what is on the horizon for btc.

    It looks like a lot of people were afraid of what could happen to bitcoin if it was hardforked. Would it survive?

    And here we are now... even at 3k bitcoin, when you look at old discussions that took place when bitcoin was in the $8 and teens range, hell, look at the attitude people had towards bitcoin when it finally started having monetary value, @ 3k it is doing fantastic. And look at it climbing.

    I was reading through an old eBay thread from 2010 or 2011 maybe, I wish I could find it in my browsing history, I can't any more, and someone tried to pitch eBay accepting bitcoin and they were ridiculed away and heavily rejected for even pitching the idea. And here we are now... eBay announced they'll start accepting bitcoin last month.

    I'm seeking some honest evaluation by anyone reading- what are some 'threats' that exist on bitcoin's horizon? Here are some things that come to mind that I am wondering about-

    1) bug in the software that causes a flash crash of the price, or irredeemably wrecks the software. Is that even possible?

    2) the people that contribute to the code fuck up or there is some silent code change- is this even possible? Consider this: satoshi silently added the 1mb limit when it was still being hosted on sorceforge. I am wondering about people who say that their fork is the real bitcoin and call btc things like 'segwit coin.' My understanding is that segwit has no downsides (?) and reduces fees, and that big blockers are just bullshitting. I like the decentralization aspect of bitcoin.

    3) Are mining pools a point of potential weakness? My understanding is that they are not decentralized.

    4) when someone starts accepting bitcoin, but they immediately convert it to fiat and sell, or they go thru a company that does this, is that 'bad' for bitcoin? There's a Reddit post 4 or 5 years ago on this subreddit where jimmywales1 says he started a bitcoin wallet, was receiving donations, will be cashing them out and donating the money to Wikipedia, and users were urging him to keep the bitcoin as bitcoin. Did Wikipedia ever start accepting bitcoin donations? Do they still immediately cash out? Is it still considered a highly speculative asset? Or do they now hold some? Jimmy Wales says that they hold a few different currencies that they actively use, so it would be interesting to see if in 2019 Wikipedia is now holding some coins themselves as-is. That would be a really big indicator for where we are headed with bitcoin.

    Finally, where do you personally see the end of bitcoin being? I'm in the bitcoin subreddit I realize, but I do not think that discards anyone from being able to think critically and take a look at the network and try to assign value to it. For example, I recall someone writing in an old post from maybe 2010 that buying bitcoin now is basically like buying manhattan for a quarter.

    Hindsight is 20/20.

    When did you first hear about bitcoin? What year/price was it? Did you hear about it and not pay attention to it at first? Even Gregory Maxwell dismissed bitcoin at first! Looking at it now, where do you think it will end up looking like- will it save the world? Will it save all of the dying children in the world? I think roger ver said something about bitcoin saving all the dead babies?

    2009... 2019... where do you foresee bitcoin being in 2029?

    I wish we could confidently look into the future and say it will at least be greater than 9k usd for each coin. We can't really confidently say that, though, can we? What if it isn't as liquid as it is now. Is that even possible? Have we hit the point of no return with bitcoin? Is it officially established? No way to tell, huh.

    I first heard about it when Coinbase was giving out $10 worth to .edu students. Maybe 2012? I cashed out immediately and paid no attention. I then heard about it again in 2014 and paid a little attention, but thought 50% that the tech was weak and vulnerable and 50% that I missed the boat. Looking at stuff like heartbleed, tor users getting busted, Ross ulbrich getting busted, caused me to doubt just how decentralized bitcoin was, or rather, the reliability of decentralized projects. I started trading coins in 2017 and cashed out around 17k. Since then I've tried to get a real understanding of btc and the point that I am now reaching is one of 'bitcoin is here to stay for good.' I almost want to hoard it. If bitcoin is here to stay then USD is seriously not looking like the best option. I feel crazy writing that but this is seriously the reality of things... fiat is no good compared to bitcoin, if in fact bitcoin is here to stay and is as valuable as it is now if not more valuable in the future.

    Thank you for reading!

    submitted by /u/MarcBago
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    Why are there so many Bitcoin addresses with 8.000 BTC, ~42 ins und 0 outs?

    Posted: 01 Jun 2019 11:58 AM PDT

    I recently checked a list of the biggest bitcoin addresses and there has been a significant high amount of addresses with exactly 8.000 BTC and almost all of them are around 42 ins and 0 outs.

    Coincidence?

    I checked those addresses again. All addresses I checked are from december 2018 and I could count around 100 of them.

    submitted by /u/KimMemes
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    Video - Beyond Price: Bitcoin's Impact on the Future

    Posted: 01 Jun 2019 10:35 AM PDT

    Spotted in Terrebonne, Qc, Ca

    Posted: 01 Jun 2019 09:55 AM PDT
    Read more
    at

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