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    Saturday, October 5, 2019

    Bitcoin Daily Discussion, October 05, 2019

    Bitcoin Daily Discussion, October 05, 2019


    Daily Discussion, October 05, 2019

    Posted: 05 Oct 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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    That dreaded meme of the last bull mkt

    Posted: 05 Oct 2019 03:09 AM PDT

    PayPal withdraws support for Facebook’s Libra cryptocurrency

    Posted: 04 Oct 2019 02:42 PM PDT

    Ripple's David Schwartz recently said "PoW has provided only limited decentralization and appears to be a technological dead end". Imagine what Ripple lobbyists and Bland Garlinghouse have been saying to US regulators behind closed doors.. Shameful.

    Posted: 04 Oct 2019 08:17 PM PDT

    Federal Reserve printed 184 Billion Dollars over the last 30 days.

    Posted: 04 Oct 2019 01:27 PM PDT

    Erlay: An awesome performance improvement to the Bitcoin network

    Posted: 04 Oct 2019 04:30 PM PDT

    new coinbase fees VS kraken

    Posted: 04 Oct 2019 08:45 PM PDT

    $10,000 purchase of BTC via Kraken

    -Wire charge $20 (no ACH in USA)

    -wire deposit fee $5

    -exchange fee $16 (%0.16)

    -withdrawal fee $4 (0.0005BTC)

    Total: $45

    $10,000 purchase of BTC via Coinbase

    -ACH deposit charge $0

    -ACH deposit fee $0

    -exchange fee $50 (%0.5)

    -withdrawal fee $0 (0BTC)

    Total: $50

    Can anyone else contribute fees info for other exchanges because Kraken is not a cheaper alternative... unless 10k usd

    submitted by /u/msfront
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    The point normies miss about our beloved Bitcoin

    Posted: 05 Oct 2019 02:00 AM PDT

    Wouldn't it be nice to be able to measure your dollars against a metric like that which we do length or distance? A foot/meter is still the same foot it was a hundred years ago. Yet we don't have such a metric for value. Or do we? The reason such metrics for length don't change is because in order for such a change to happen would take great consensus of everyone using that metric. Think of Bitcoin in that way. There's a certain amount that will ever exist just like there is a certain defined length in a foot/meter that will never change because it's found it's objective length. Bitcoin is going through it's decades long "price discovery" which right now is valued in dollars because that's what we've been used to for so long but eventually, due to its defined and unalterable scarcity, it will be the defined metric for which all other things of value will be measured against. Don't get me wrong value would be valued against anything, except dollars value drop over time without fail because that's how they're designed to inflate in supply but not Bitcoin. Bitcoin is the first truly scarce by design metric for value. For a long time it will go up in dollar value just like a foot or meter of land goes up in dollar value over time but that's not the land's fault, it's the dollars fault. Do you get what I'm saying? Better tech will surely be developed than Bitcoin but because Bitcoin was first makes it THE metric kind of like gold was the first metric of value however gold doesn't have the defined scarcity like Bitcoin because gold could and mathematically probably is infinite in the scope of the universe unlike Bitcoin. Bitcoin is what gold strived to be and that is truly scarce by design.

    submitted by /u/Megaskreth
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    Trezor users be careful: There's obviously a scam site outthere called https://trezor.run/start/ which you're redirected to if you have the typo 'tezor.io'. It's very likey you lose funds if you don't double check you're on the correct site!!

    Posted: 04 Oct 2019 09:17 AM PDT

    Why is it so fucking hard to set up a node?

    Posted: 05 Oct 2019 03:11 AM PDT

    I've been trying to set up a node for almost a month now and I don't know why I keep getting so many errors. This is the guide I've been using: https://stadicus.github.io/RaspiBolt/raspibolt_20_pi.html

    If anyone could help me out, I'd appreciate it

    submitted by /u/nerviosus
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    Bitcoin is being unfairly compared to fiat and other assets and why this has to be addressed because scalability isn't a bitcoin problem.

    Posted: 04 Oct 2019 06:31 PM PDT

    Many people assume Bitcoin because has no use because it isn't scalable to the world's population. However, this is being compared to fiat and other assets which are also unscalable on their own hence it's very misleading.

    Gold and fiat are more unscalable than Bitcoin but they use third parties to help make them scalable like Visa, Mastercard, Paypal, banks..etc Bitcoin can be scalable this way as well through third party services (even cheaper and faster).

    But bitcoiners want to transact in a decentralized way ultimately creating a new problem that doesn't apply to the majority of the current human population. Most people right now transact in a very centralized way and they are ok with using credit cards, their bank accounts, paypal..etc.

    So scalability isn't bitcoin's problem; it's scalability without having to trust a third party. If the world wants to use Bitcoin in a centralized way (like every other assets), it's already possible.

    submitted by /u/ProfOranMcClure
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    Bakkt completes 1st bitcoin block trade

    Posted: 04 Oct 2019 03:33 PM PDT

    US lawmakers pressure the fed to develop a digital currency (or face the consequences)

    Posted: 04 Oct 2019 10:31 PM PDT

    Kyle Bass: Hong Kong capital controls are next. The ERO gives lamb eminent powers to seize bank accounts, turn off the Internet, seize property, and arrest at will. This is all coming to you courtesy of carrie and xi’s great misadventure

    Posted: 04 Oct 2019 08:57 AM PDT

    Is Bisq legitimate and safe to use? My anti-virus says it's a no-go...

    Posted: 04 Oct 2019 10:32 PM PDT

    I just downloaded the desktop app after hearing great things about this platform, and Webroot immediately flagged the installation as a W32.Trojan.Gen, which may just be a false positive but I can't stress enough how much I don't like seeing that. The file was downloaded directly from their official website and I verified the PGP signature before installation, so I'm not sure how I want to proceed. Their github page mentions that there are some known issues with anti-virus software with version 1.1.5 (current version is 1.1.7), and then goes on to state:

    " If you use Crypto currencies on your Windows system be aware that Windows is much more vulnerable to malware than Linux or OSX. Consider to use a dedicated non-Windows system when dealing with cryptocurrencies."

    That's a hell of a thing to say to someone who's a Windows user, and while I'm well aware of the concern over fake wallets that contain malware or otherwise modified code and thus the need to verify PGP signatures of the installation files before sending any money to them, is there much concern beyond that? Is Windows truly not safe for crypto trading? I'm not a total noob when it comes to computers but I'm not exactly Mr. Robot either, and I really don't want to have to learn Linux and run it on a virtual machine to be able to do this...

    submitted by /u/HiFi24Seven
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    Hoarding good, spending bad.

    Posted: 05 Oct 2019 02:26 AM PDT

    Michelle Phan is regarded as the original YouTube influencer. She got super rich, then disappeared. What is she excited about now? Read halfway through the article: Bitcoin

    Posted: 04 Oct 2019 09:54 PM PDT

    Now you can pay gas bills by using BTC

    Posted: 05 Oct 2019 01:47 AM PDT

    Just made Gilfoyle's Bitcoin price notifier (From Silicon Valley HBO)

    Posted: 04 Oct 2019 04:00 PM PDT

    You just need to have Python installed on your machine, clone the repo and run the command mentioned in the README file!

    Also, you may want to turn your volume down :)

    Enjoy!

    https://github.com/merwane/gilfoyle

    submitted by /u/merwanedr
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    Ultimate Guide to the Best Blockchain Books in 2019

    Posted: 04 Oct 2019 10:09 PM PDT

    Give me control of a nation's money and I care not who makes it's laws

    Posted: 04 Oct 2019 10:38 AM PDT

    Give me control of a nation's money and I care not who makes it's laws

    "Give me control of a nation's money and I care not who makes it's laws" - MAB Rothschild
    Bitcoin is people's money!
    *Decentralized
    *Permissionless
    *Fungible
    *Anonymous
    *Divisible
    *Transparent
    *Non-repudiable

    https://i.redd.it/8e2bjxqj8kq31.jpg

    submitted by /u/vaskojovanov
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    After Bakkt, what events still pending?

    Posted: 04 Oct 2019 09:50 PM PDT

    What would it mean if Bitcoin did not rally from here to the halving, but instead price drifted lower?

    Posted: 04 Oct 2019 08:06 PM PDT

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