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    Bitcoin Daily Discussion, June 30, 2019

    June 30, 2019

    Bitcoin Daily Discussion, June 30, 2019

    Daily Discussion, June 30, 2019

    Posted: 30 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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    When all in 100% Bitcoin, with little cash in the bank

    Posted: 29 Jun 2019 06:59 PM PDT

    Today is our first day officially accepting BTC.

    Posted: 29 Jun 2019 09:31 AM PDT

    My buddy sent me this pic in January. I now send him screenshots of the bull runs every so often

    Posted: 29 Jun 2019 11:33 AM PDT

    Since a LOT of people still dont know that 100M Satoshi equals 1 Bitcoin. No you dont have to buy a full Bitcoin to start investing.

    Posted: 29 Jun 2019 09:30 PM PDT

    BTC Dominance: 62.0%

    Posted: 29 Jun 2019 10:44 PM PDT

    Encrypt everything. Mix often. Run a node. Control your keys. Stay humble & grateful. Stand up for yourself & others. Question everything. Show compassion. ���������� �������� ���������������� ��������. Life is short. Enjoy it. Don't waste it. Together we can change the world.

    Posted: 29 Jun 2019 05:33 PM PDT

    Bitcoin Trend - Better Than Stocks, Bonds or Real Estate

    Posted: 29 Jun 2019 08:32 PM PDT

    Buying coffee with lighting at the Bitcoin 2019 Conference in San Francisco!

    Posted: 29 Jun 2019 11:59 AM PDT

    A good time to use Native Segwit its 65% cheaper! find a compatible Wallet and move your funds!

    Posted: 29 Jun 2019 11:26 PM PDT

    The mempool is getting empty and if you transfer your funds from legacy address to Native Segwit (bc1 address) you will be getting a 65% discount in your next transactions because native segwit are 65% cheaper. Also a good time to merge your money into single address

    ​

    "Native SegWit inputs have a weight of 105 bytes, down from 140 bytes for Wrapped SegWit inputs and 297 bytes for non-SegWit Pay-to-Script-Hash (P2SH). That means Native SegWit inputs will be 25% cheaper than Wrapped SegWit inputs and 65% cheaper than non-SegWit inputs."

    submitted by /u/xGsGt
    [link] [comments]

    Do Not Crypto And Drive

    Posted: 29 Jun 2019 09:44 PM PDT

    Coinbase partnered with Bitrefill to bring Lighting Network access to its customers. It's a big step forward to get Bitcoin arbitrage off the base layer.

    Posted: 29 Jun 2019 04:26 PM PDT

    My ledger nano s just arrived

    Posted: 29 Jun 2019 11:33 AM PDT

    10 Million Dollar Bitcoin End Game (Documentary)

    Posted: 30 Jun 2019 02:00 AM PDT

    Take the Lightning Network for a test drive. Send me a payment request.

    Posted: 29 Jun 2019 04:56 PM PDT

    If anyone wants to give lightning a try then Lightning App and Eclair Mobile are both very user friendly options and both are non custodial.

    https://github.com/ACINQ/eclair-mobile

    https://blog.lightning.engineering/announcement/2019/06/19/mobile-app.html#

    Eclair is Android only but Lightning App is both IOS and Android.

    Lightning App has an autopilot feature so you don't need to worry about opening channels yourself, you receive a Bitcoin payment and a channel is automatically created with however much Bitcoin you received.

    Eclair has a feature where you can request inbound capacity which makes receiving payments to your channel easier.

    Eclair has both static channel backups (which means that you can recover your channels with your seed phrase) and watchtowers (which ensure your funds remain safe in the unlikely event your device is offline for more than 2 weeks).

    If anyone wants to test receiving payments reply with a payment request for $1 and I will pay it :)

    Once your channel is open check that you have receiving capacity. If you don't then install Blue Wallet which is available for both IOS and Android and send however much you funded your channel with there, you will now have receiving capacity of the same amount that you originally funded your channel with.

    ​

    Also, if you have any questions or concerns about Lightning then ask, hit me with your best FUD ;)

    ⚡

    submitted by /u/jamckp
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    lnd v0.7.0-beta-rc3 has been tagged, testers welcome!

    Posted: 29 Jun 2019 03:15 PM PDT

    What I still don’t understand about seed phrases

    Posted: 30 Jun 2019 12:05 AM PDT

     I understand that we all need backups and seeds serve as a way to recover your wallet if it's lost/stolen/destroyed etc.

    But I don't understand how the words are "generated" or how knowing them lets you recover anything.

    Everything I've read about hardware or software wallets just says the wallet "generates" a seed in case you need recovery. Hardware wallets even boast that the seed is generated inside your own hardware itself. But HOW? By what mechanism/program/company is it generated and recovered?

    1.) The only thing that I can uneducatedly guess is that it (over-simplified I'm sure, but basically) starts with your private key and then puts it through an elaborate math 'formula' and that the answer to that math problem comes out as words and that becomes your seed... Then when you need recovery you put the words through the inverse of the formula and the result is a key? Like a decoder ring on super-computer-steroids! Is that even close to right??? If not, ignore the questions below and please tell me how they are generated. But, If it is along that lines then...

    2.) Do wallets all use the same 'formula'? If not, how would a different wallet make any sense out of my seed words and recover anything? If so, why is it any more secure that a hardware wallet can generate internally, if every other wallet has the same 'formula' anyways?

    3.) if they do all use the same 'formula' to generate/recover (sorry btw, to anyone with expertise, if me calling it a 'formula' is like nails on a chalkboard. I imagine it sounds dumb, I simply don't have the vocab to say it any better, yet), then why aren't some shady types just having banks of servers constantly running random word combinations through it? I imagine that targeting one person and trying to use that method to get a SPECIFIC seed would have truly staggeringly bad odds... But with all the wallets in all the world, would the odds still be so bad that they would stumble into a few random seeds to active wallets? What would be the defense against that?

    Any clarification would be appreciated. Thanks

    submitted by /u/Rabbitstew12
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    10 Million Dollar Bitcoin End Game (Best Bitcoin documentary, every newbie should watch)

    Posted: 29 Jun 2019 01:54 PM PDT

    It works

    Posted: 29 Jun 2019 03:19 PM PDT

    Saw this in Barnes and noble

    Posted: 29 Jun 2019 02:12 PM PDT

    Search "Bitcoin" on Google and you get this. WTF Google.

    Posted: 29 Jun 2019 08:57 AM PDT

    BBC added some new personal feed options

    Posted: 29 Jun 2019 11:33 PM PDT

    Residential Bitcoin Mining Shed for the 2019 Bull Cycle

    Posted: 29 Jun 2019 08:05 PM PDT

    Bitcoin Lightning Network Hits $11M Capacity; Updates

    Posted: 29 Jun 2019 11:51 AM PDT

    One of my favorite things to do is saving comments about bitcoin when times are tough. This is from February of this year. Stay strong HODLers.

    Posted: 29 Jun 2019 11:07 AM PDT
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