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    Bitcoin Daily Discussion, September 09, 2019

    September 09, 2019

    Bitcoin Daily Discussion, September 09, 2019

    Daily Discussion, September 09, 2019

    Posted: 09 Sep 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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    I built a Lightning ATM - build your own :-)

    Posted: 08 Sep 2019 03:22 PM PDT

    AssCoin

    Posted: 09 Sep 2019 02:18 AM PDT

    Norwegian bitcoin millionaire jumped down 2 stories from his balcony after man with shotgun broke in to his house. This is why you never tell anyone you own BTC

    Posted: 08 Sep 2019 12:24 PM PDT

    Alright, which one of you was this

    Posted: 08 Sep 2019 04:13 PM PDT

    Let's just be honest with ourselves; even if someone had told us about bitcoin back in 2009, we probably wouldn't have gave a fuck. Think about it; a niche cryptography project with no real world value at the time. The process of setting up the software would've been viewed as convoluted by most.

    Posted: 08 Sep 2019 09:43 PM PDT

    Gifts I gave my groomsmen

    Posted: 08 Sep 2019 10:12 AM PDT

    Is Amazon trying to tell something?

    Posted: 08 Sep 2019 08:37 PM PDT

    A most peaceful revolution by Nic Carter. "The only winning move in politics is not to play"

    Posted: 08 Sep 2019 06:20 PM PDT

    Economists have predicted 5 of the last 153 recessions. Being wrong 97% of the time is extremely profitable.

    Posted: 09 Sep 2019 02:09 AM PDT

    Economists have predicted 5 of the last 153 recessions. Being wrong 97% of the time is extremely profitable.

    Economists have predicted 5 of the last 153 recessions. Can you think of another industry where being wrong 97% of the time grants you enormous power, wealth & responsibility? Protecting banks & the super rich comes with it's perks. This time there's an alternative. Bitcoin.

    https://i.redd.it/w0qrrgcdbjl31.jpg

    submitted by /u/nugget_alex
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    Are there any decent Lightning wallets for iPhone? I can't seem to find any...

    Posted: 08 Sep 2019 05:51 PM PDT

    You think bitcoin were mooning

    Posted: 08 Sep 2019 05:48 PM PDT

    You never know there's a revolution in plain sight

    Posted: 08 Sep 2019 12:02 PM PDT

    As economic tensions escalate and the Trump administration continues with its war on trade, China has started stockpiling safe-haven assets. Gold appears to be the asset of choice for the central bank but Bitcoin is likely to be a good option for the people.

    Posted: 09 Sep 2019 02:08 AM PDT

    Haters spreading propaganda

    Posted: 08 Sep 2019 08:07 PM PDT

    Why Bitcoin is needed

    Posted: 08 Sep 2019 11:31 PM PDT

    Remember Folks: Always verify your Electrum download signatures. (There is currently a phishing download on the front page of r/electrum)

    Posted: 09 Sep 2019 04:36 AM PDT

    $6.5 billion of Bitcoin futures were traded in August!

    Posted: 08 Sep 2019 06:53 PM PDT

    Buy / Sell comic: Bitcoin edition

    Posted: 08 Sep 2019 02:05 PM PDT

    Bitcoin Hash Rate to Hit a Whopping 100 Quintillion for the First Time

    Posted: 09 Sep 2019 01:41 AM PDT

    PlanB: “Stock-to-flow and Bitcoin price are co-integrated. Cointegration is completely different from correlation.”

    Posted: 08 Sep 2019 02:42 PM PDT

    I'm a Bitcoin maximalist but we need to talk about 51%.

    Posted: 09 Sep 2019 02:47 AM PDT

    Recession happened, the USD failed and all major fiat followed. Bitcoin has finally been considered a global payment system and was adapted by the general population. Anyone who owns a complete Bitcoin is featured in a wealthy people's list. Now government does not have the power they used to have over people and it drove them crazy to the point where they decided to construct a plan of attack against the Network. All they need is 51% ownership of the network, Bitmain has 40% and governments can easily accuse this company of running a scheme to facilitate money laundering operations through BTC production. Therefore taking the company down and using their hash power and do the same with other mining company till they reach 51%. Creating a documented flaw in the Bitcoin network and potentially causing the double spending that blockchain was developed to avoid. People start to lose faith in this form of money and get back to government's newly established and regulated digital payment system or whatever.

    I once read that 15 billion USD is enough to produce the power needed to overcome the network, that's nothing to governments if they decided to "regain control"

    I think we can all agree that if a government does not have control over people's money, they don't have any kind of control. "Give me control of a nation's money and I care not who makes its laws."

    To say that 51% is impossible is naive, imagine what would have happened if Ghash.io decided not to reduce its share of the network back in 2014. Bitcoin might not be what it is today.

    drop your thoughts please.

    submitted by /u/Leader92
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    Mentor Monday, September 09, 2019: Ask all your bitcoin questions!

    Posted: 09 Sep 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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    Some MSM are trying to warn us that the banks have switched from dismissive laughing at crypto to a frontal assault against free market competition.

    Posted: 08 Sep 2019 10:28 AM PDT

    The sheep in Wolf's clothing

    Posted: 08 Sep 2019 05:29 PM PDT

    The sheep in Wolf's clothing

    The fears of crypto-currencies by government agencies and scare stories by commentators often miss the nascent stage of the industry. By way of example, the total crypto market is $300Bn (or 3% of the Nasdaq), and there are only 40MM crypto wallet accounts worldwide (or 0.5% of the total world population that has a bank account). https://laughterandlearning.com/

    https://i.redd.it/k7zvsgb8qgl31.png

    submitted by /u/ian_cartoons
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